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Odds 'n Sods:
Hard numbers: The economy is worse than you know
o
o o
UBS
reports first quarter net loss of $11 billion, cuts 5,500 jobs
o o o
Just as I had warned you, folks: Penny
prices pinched by rising cost of metal. The article
begins: "Further evidence that times are tough: It now costs more than
a penny to make a penny. And the cost of a nickel is more than 71⁄2 cents.
Surging prices for copper, zinc and nickel have some in Congress trying to
bring back
the steel-made pennies of World War II and maybe using steel
for nickels, as well." (A hat tip to Paul in Kentucky for sending us
the link.) A reminder: You still have a brief window of opportunity to salt
away some rolls of nickels at face value.
o o o
Rumors
of shortage prompt rush on rice in Anchorage area. This confirms my
previous writings about the vulnerability of Alaska to shortages, because of
its dependence on sea and air freight for necessities.
