Tuesday, June 01, 2010

Oil Spill Mash-up

I'm not sure I'd call this mash-up between Google maps and the oil spill data fun, but it's certainly informative. Input an address and it will lay the oil spill on your doorstep.

The NNY map is interesting because it shows the spill covering everything from Toronto to Oswego to Massena and Ottawa and about fifty percent of Lake Ontario. Click the link to cover your hometown in oil!

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The European markets are off to a weak start in June as global uncertainty seems to be the theme again.

I think this is a pretty important data point on where we stand in the global recovery - "The Journal of Commerce commodity index that includes steel, cattle hides, tallow and burlap plunged 57 percent in May, two years after a decline that foreshadowed the worst recession in half a century. The index of 18 industrial materials declined the most since October 2008 as Europe’s debt crisis widened and China took steps to curb growth."

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This story on homeowners walking away from mortgages and loving it is making the rounds on the web today. I saw a link on almost every financial site that I visit in the am. Some of the quotes are worth more than the overleveraged split ranch McMansions these people bought.

"Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino."

The whole article is worth reading. If you have any faith in our future as a nation it is sure to be shattered by the time you reach the end of the article.

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Cheers!

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