Sunday, March 23, 2014

SUNDAY 3/23/14; Russian Troops Assemble on Eastern Ukraine Border

Mud slides hit Washington State killing several people. A barge collision results in a large oil spill near the coast of Texas. As much as one million gallons of heavy bunker fuel oil may leak from the barge with 170K gallons already spilled. The spill occurs at a bad time since it is peak bird migration season and a few birds are already impacted by the oil spill. Shipping in the Gulf and Galveston Bay is affected. Cruise ships are delayed from leaving port. The Lundberg gasoline survey reports a 26 cent per gallon rise in gasoline at the pump in the last six weeks. Higher gasoline prices typically lead to lower retail sales.


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Three Russian agents are arrested by Ukraine soldiers for instilling riots and instability in western Ukraine. NATO warns that Russia has built up a very formidable force along the entire eastern Ukraine border. Treasury Secretary Lew will undergo prostrate surgery on Tuesday but is expected to be back at work the following week. The Obamacare law, the ACA, experiencing over 30 rules changes by the president’s edicts, turns four years old today. President Obama flies to The Hague to meet with European and other world leaders. Turkey shoots down a Syrian jet that violated the Turkish airspace by only one-half mile. PM Erdogan is no doubt anxious to create a diversion from the Turkey corruption and make himself appear strong moving into the elections.

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