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Wall Street Journal (March 29)

2011/ 03/ 30 by jd in Global News

Will the 30% spike in the price of oil hobble the U.S. recovery? This is unlikely. Prices have not hit new highs. They are actually down 30% from two years ago. Moreover, “the U.S. economy is today well-positioned to absorb an oil spike without experiencing it as an oil shock.” The U.S. is 9% below peak oil consumption which occurred in August 2005. In addition, the U.S. has gotten more efficient with the oil it uses. “We’re consuming the same amount of crude oil that we did 12 years ago and real output is more than 25% higher.”

 

Telegraph (March 28)

2011/ 03/ 30 by jd in Global News

“StartUp Britain” is being launched by entrepreneurs for entrepreneurs with the aim of “celebrating, inspiring and accelerating enterprise in the UK.” The Prime Minister is lending support and the new campaign has Government backing. Start-ups and small firms account for nearly 60% of private sector jobs in the UK. Sir Richard Branson writes that “firing up a new generation of entrepreneurs will be a crucial part of our recovery and essential for creating sustainable growth in Britain over the next decade and beyond.”

“StartUp Britain” is being launched by entrepreneurs for entrepreneurs with the aim of “celebrating, inspiring and accelerating enterprise in the UK.” The Prime Minister is lending support and the new campaign has Government backing. Start-ups and small firms account for nearly 60% of private sector jobs in the UK. Sir Richard Branson writes that “firing up a new generation of entrepreneurs will be a crucial part of our recovery and essential for creating sustainable growth in Britain over the next decade and beyond.”

 

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