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Archive for July, 2008

Pope sorry for Church sexual abuse
Pope Benedict apologised on Saturday for sexual abuse in the Catholic Church in Australia, saying those responsible should be brought to justice.
“I am deeply sorry for the pain and suffering the victims have endured,” the pontiff said in a homily in Sydney.
“These misdeeds, which constitute so grave a betrayal of [...]

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Where is the money?

Citigroup Posts $2.5 Billion Loss on Write-Downs

Merrill posts $4.9 bln loss, sells Bloomberg stake

Coca-Cola Enterprises posts $3B loss
In just three reports – 10.4 Billion dollars have been wiped out. If there is a loss, there has to be a gain as well. Who gained the 10.4 billion dollars?

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OPEC president blames ethanol for crude-price rise
Khelil again predicts price climbs, citing biofuels, weak dollar, tensions
“The price of oil will rise again in the coming weeks,” Chakib Khelil — the Algerian energy minister and currently president of the Organization of Petroleum Exporting Countries — said in an interview with an Algerian newspaper. “We have to [...]

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