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Petrol Tipped to Drop to $1 a Litre

January 17th 2007 07:46

According to The West Australian we could be paying $1 a litre for petrol within a week - but don't get used to it.

The culmination of a warmer than usual winter in the US, increased production and a drop in demand from other key markets has pushed oil prices to below $US52 a barrel.

Oil is at its cheapest since May 2005. Petrol prices have risen in recent weeks, and were averaging $1.17 yesterday.

But by the end of next week, the sharp fall in international oil prices should be translated into solid savings for motorists at the bowser.

But be warned - all it would take is a sharp fall in the temperature to push up demand in the US, leading to higher global oil prices.

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How Many Ads Do You See in a Day?

January 16th 2007 08:10

The Sydney Morning Herald reports that people today see up to 5000 ad messages a day, that's more than double what it was 30 years ago.

Advertisers today are trying to fill all blank spaces, such as supermarket eggs stamped with the name of a new CBS show and trays used in airport security lines have been hawking Rolodexes.
Advertisers are also becoming more inventive such as some "got milk?" billboards emitting the odour of chocolate chip cookies at San Francisco bus stops or an interactive ad for Adidas which looks like a static picture of a sneaker until someone walks past, triggering a motion sensor that sends a spray of miniature sneakers flying.

Consumer's don't mind clever advertising.

It's looks like ad saturation will get even worse over time, do you think advertising is out of control?

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Pizza Promotion Results in Death Threats

January 12th 2007 08:57

CNN reports that the Dallas based pizza chain Pizza Patron have sparked controversy after offering to accept Mexican pesos.

"This is the United States of America, not the United States of Mexico," one e-mail read. "Quit catering to the damn illegal Mexicans," demanded another.

Pizza Patron spokesman Andy Gamm said 60% of their customers are Hispanic and they are just trying to sell more pizza.

Many retail stores along the Mexican border in the US accept pesos, the move by Pizza Patron has sparked a reaction as it's stores are up to 700 miles away.

Pizza Patron proclaims on its Web site that "to serve the Hispanic community is our passion." Its restaurants are in mostly Hispanic neighborhoods, and each manager must be bilingual and live nearby, said Pizza Patron founder Antonio Swad, who is part-Italian, part-Lebanese.

So far 10% of transactions at stores have been in pesos.

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Oil Price Drop to Benefit Australian Motorists

January 11th 2007 08:46

The Sydney Morning Herald reports that US crude oil prices have fallen to a 19 month low.

February crude fell $US1.62 to $US54.02 a barrel, due to milder temperatures over the US winter and better stockbuilding and inventories for petrol. The fall will eventually benefit Australian drivers. It takes a minimum of seven days for the price drop to flow through to pumps

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Pick up a Home Loan at the Supermarket?

January 10th 2007 08:07

The West Australian reports that shoppers may soon be able to grab a mortgage at the checkout as speculation mounts Australia's supermarket giants are about to start a major push into financial services

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Ford Will Fall to Number 3

December 21st 2006 08:41

The New York Times reports that The Ford Motor Company in America expects Toyota to overtake it for good as the No. 2 company behind General Motors, in the American car market. Ford has held the No.2 position since the 1920s

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Europe's Biggest Second-Hand Record Shop is Closing Down

December 21st 2006 08:17

As The BBC reports world famous second hand record store Beanos, in the south London suburb of Croydon, is in the middle of a massive closing down sale.

Founder and proprietor David Lashmar announced in July that the store was no longer profitable and would be closing down and he is trying to sell all his one million items in stock by Christmas

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Optus & Elders Seek Rural Broadband Funds

December 19th 2006 07:35

The Australian reports that Optus and Elders have joined forces and applied for a slice of the $1.1 billion federal funding to build a national broadband network. There are 2.7 million households and businesses in regional Australia, and the two companies say if the government approve their proposal it will offer improved telecommunications services.

Telstra has also asked for $600 million to extend the reach of fixed terrestrial broadband to approximately 95 per cent of the population

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Qantas Rejects Takeover Bid

December 13th 2006 07:00

The Australian reports that Qantas' non-executive directors have rejected a bid from a consortium led by Allco Equity partners, Allco Finance group, Macquarie bank, Onex and Texas Pacific Group to acquire 100% of the company.
The consortium offered $5.50 per share, and most analysts predicted that Qantas' board would accept this bid. However, Qantas said the terms were unacceptable and a statement from the company reads: "The proposed offer price is $5.50 per share and incorporates a number of complex conditions, the requirement for unanimous support by Qantas directors and a break fee."
“Implementation is proposed to be effected by way of an off-market takeover bid with a 90 per cent minimum acceptance condition

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How Many Hours Do You Work a Week?

December 13th 2006 06:30

Leon Gettler from The Age Blogs has noticed that for some people these days, a 70 hour week has become normal. On top of this workers are taking less and less vacation days.
However, these extreme hours are taking their toll, with most people working long hours saying if has a negative effect on their health, family, relationships and sex life.

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January 2007

5 Posts

December 2006

7 Posts