Maine Liberty Journal

Via Tehran Times (10/27/2009):

The Iranian Oil Bourse was inaugurated on Monday in the Persian Gulf island of Kish as a venue to export oil and petrochemical products.

National Petrochemical Company’s Managing Director Adel Nejad-Salim said in the opening ceremony that all petrochemical products will be gradually offered on the market, IRNA news agency reported.

The oil bourse is intended as an exchange market for petroleum, gas, and petrochemicals in various currencies, primarily the euro and Iranian rial, and a basket of other major currencies.

On February 4, 2008 the Iranian Cabinet approved the creation of the oil bourse in two stages – first for crude and second for oil byproducts transactions.

Iran, having the world’s second largest gas reserves and third largest oil reserves, is trying to play a more active role in oil and petrochemical transactions in international markets .

Tags: Energy, Finance by Editor
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Atlas appears to be shrugging.

Via New York Post (10/27/2009):

New Yorkers are fleeing the state and city in alarming numbers — and costing a fortune in lost tax dollars, a new study shows.

More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.

The vast majority of the migrants, 1.1 million, were former residents of New York City — meaning one out of seven city taxpayers moved out.

Tags: Economics by Editor
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Via WMTW (10/27/2009):

A former Marine who fought in Iraq, joined the State Department after leaving the military and was a diplomat in a Taliban stronghold in Afghanistan has become the first U.S. official to resign in protest of the Afghan war, the Washington Post reported early Tuesday.

Matthew Hoh said he believes the war is simply fueling the insurgency.

“I have lost understanding of and confidence in the strategic purposes of the United States’ presence in Afghanistan,” Hoh wrote in his resignation letter, dated Sept. 10 but published early Tuesday. “I have doubts and reservations about our current strategy and planned future strategy, but my resignation is based not upon how we are pursuing this war, but why and to what end.”

Richard Holbrooke, the administration’s special representative for Afghanistan and Pakistan, told the Post he disagreed that the war “wasn’t worth the fight,” but did agree with much of Hoh’s analysis.

Tags: Terrorism by Editor
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