At the India Aviation 2008 exhibition and conference in Hyderabad, India, Boeing’s vice president of commercial airplane sales said that India will need 1,001 new commercial airplanes worth about $105 billion over the next two decades. That’s according to Boeing’s 2008 Market Outlook.
“The long-term fundamentals of growth that drive commercial aviation in India remain strong, despite the near-term challenges that face the country,” said Boeing’s Dinesh Keskar in a statement.
The cost of a barrel of Kansas oil has fallen by a third in the last two weeks, as it has elsewhere. More importantly, this week it fell past the key $70 a barrel mark that several Kansas oilmen say is the tipping point for when they’ll go out and drill new wells.
I’m guessing it has local oilmen rattled, but probably they’re taking a wait and see attitude before they cancel their orders for oil services contractors and lay off workers. The price snapped back slightly so far Friday and it looks like OPEC is swinging into action to cut production.
Two doughnut chains with local stores (and, no, neither had the word “Kreme” in their name) were named among the nation’s 21 best doughnuts in a recent AOL CityGuide survey:
5. LaMar’s Donuts -
LaMar’s is a smaller chain with plenty of doughnut shops in the Midwest, Colorado, Alabama and Arizona. The recipes have withstood the test of time and it’s the commitment to the basics, like the signature glazed doughnut, that tastes so good.
14. Daylight Donuts -
“Daylight is quietly becoming an international doughnut powerhouse. What started as a mom and pop outfit in 1954 with Tommy and Lucille Day has turned into 900 stores worldwide, but they don’t grab all of the headlines as KK and DD. Instead, they just focus on perfecting the already perfect doughnut.”
What do you think, fair? Or not?
In an opinion piece in today’s New York Times, investment guru Warren Buffett says he’s buying U.S. stocks with his personal account when “I previously owned nothing but United States government bonds.”
His explanation:
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.