The Merger

Definitive Agreement, Completion of Acquisition, Genesis entered into the License Agreement with PFIZER.

Double-dip Recession

WorldWatch expressed no confidence in the U.S. economy and ruled of a possible double-dip recession, according to a published report.
We will have a double-dip recession, there are business closing crude rising past the$75 per barril across the board.
Europe and American banks have not become more open to lending blocking entrepreneurs from seeking finance.
Wells Fargo and others, they would love to have $50 billion more of loans now, but they are responsable for the recession in the financial markets .
No moeney no business, no business no investment, no investment no demand..

REPORT: WorldWatch

One of the richest Nations in the World...

One of the richest Nations in the World...

Most people have no idea that Portugal is one of the richest Nations in the World, WorldWatch has made a comparison with the United States and found the following...
-Portugal the price of petrol for the everyday motorist costs three times more per litre than in the US.Price per litre 1€434 Regular 95 Octane.
-Portugal has the electricity and cell phone prices 80% more expensive than the US.
-Banks in Portugal charge three times more for transactions than the US.
-A new average car in the US costs 12.000 US dollars (8.320 EUROS); the same car in Portugal will cost you 20.000 EUROS.
-Portugal has an unemployment rate of over 10.8%.Population just over the 10 million people....the US has just over 10 million unemployed or 9.4%.

So who are the richest....

Low Cost Petrol

As crude prices continue around the $73 per barril it has become aparent that price fixing is one of the hotest topics in one of Europes oldest economies...PORTUGAL
The involved companies Galp, BP, Repsol and Cepsa practice inflated consumer prices for
petrol, actually PORTUGAL is the first country in Europe to now have low cost petrol...
Galp has opened the first low cost petrol station in Setubal, however they forgot to inform the public of the specification of the petrol, they have always pressured the public and other filling stations that sell cheaper petrol as being harmfull for the engines, but now they have adopted the same strategy low cost filling stations...with one exception, they continue
to have inflated prices.

EUROPE BAILOUT.

WorldWatch has confirmed that the final consumer price for petrol (gas) has
once more increased in one of Europes oldest economies but also one of the
most monopolized economies in Europe...Portugal.
The final consumer price continues inflated across the entire range ...

Galp 1,419€ per litre for regular 95 Octane.
BP 1,419€ per litre for regular 95 Octane.
Repsol 1,419€ per litre for regular 95 Octane.
Cepsa 1,419€ per litre for regular 95 Octane.

The price fixing is identical in 97% of the petrol stations nationwide,
these prices are combined, planned and executed, in the highways prices
are even more expensive reaching three cents more per litre above the
maximum nationwide.

No wonder the energy companies always manage to have record profit earnings
across the board, we have the example now with the BP's oil spill in the US
.

THE CHINA CRASH !!!

WorldWatch warns...China's economic growth continued to ease in July,signaling that the world's third-largest economy may need to loosen it's policies to avoid a crash landing.

Chinese industrial production in July rose 13.4% from a year ago, but the growth rate declined for fifth straight month, according to data released wednesday by China's government.
The slowdown in activity is linked to the government's campaigning to end property market speculation, the Chinese government is trying to introduce price caps without hindering the construction industry, a key driver of growth and employment. But this will lower industrial output rates .

The latest data suggests that manufacturing firms that supply materials like copper and steel that goes into building construction informed that work will tail off sharply toward the end of the year.
Retail sales in China also weakened in July, the government said. Sales rose 17.9% from a year ago, but that's down from 18.2% annual growth reached during the first half of the year.

SO A POSSIBLE CHINA CRASH COULD BE AROUND THE BEND..

Soaring Futures

WorldWatch announces that the wheat futures soaring to their highest level in two years, you could soon find yourself paying more for a loaf of bread at your local grocery store. The United Nations' Food and Agriculture Organization said Wednesday that it has cut its global wheat production forecast for 2010 nearly 4% to 651 million metric tons, down from its June estimate of 676 metric tons.

The drought in Russia is definitely the key factor to the rise in prices, but we've also seen problems in Canada, where crops are going to be smaller this year, and Australia may have a smaller crop, so there are other parts of the world that are seeing problems.

One of Europes oldest economies, Portugal has announced that next week
petrol (gas) and bread consumer prices are once more going up, now that crude is once more below the $80 a barrel,with unemployment over the 11% mark and a economy in recession Portugal will continue with serious financial issues mainly due to the monopoly in price fixing in the energy sector by the petrol companies that continue to inflate final consumer prices.

BP, Galp, Repsol, Cepsa, making Portugal somewhat less supportive of economic growth in recent months.