The Cadillac was rockin bigtime tonight as Pushrod was the kickin out some good tunes, and beer was flowing freely!
Saturday, May 31, 2008
Friday, May 23, 2008
Thursday, May 22, 2008
This cute little Java applet will self-update...
Why is it here? Well its here to:
(1) Remind that gasoline is getting expensive, and the "why's" of that are immaterial, you should always do as many things as possible in one trip to keep money in Your pocketbook!
(2) To remind you that the economy of the United States is predicated on the assumption that gas will always be cheap! Which its not anymore ~
| Mc Kinney, TX Gas Prices | Toggle Grade: | ||
| 33 stations found for Regular grade. |  | Mid | Sup | Dsl | |
| Station | Address (click for map) | Price/Date | Update |
| MURPHY USA #7408 MURPHY USA | 9091 W UNIVERSITY DR MC KINNEY, TX 75071 | 3.759 2008-05-23 | Update Gas Prices |
| TRIPLE A OIL CO INC TEXACO | 1313 N CHURCH ST MC KINNEY, TX 75069 | 3.799 2008-05-23 | Update Gas Prices |
| QUIKTRIP 0913 QUIK TRIP | 4151 STACY RD MC KINNEY, TX 75070 | 3.799 2008-05-23 | Update Gas Prices |
| 7-ELEVEN 33688 7-ELEVEN | 7990 W ELDORADO PKWY MC KINNEY, TX 75070 | 3.799 2008-05-23 | Update Gas Prices |
| KWIK SHOP PHILLIPS 66 | 215 E UNIVERSITY DR MC KINNEY, TX 75069 | 3.799 2008-05-23 | Update Gas Prices |
| 7-ELEVEN 33118 7-ELEVEN | 5020 VIRGINIA PKWY MC KINNEY, TX 75071 | 3.799 2008-05-23 | Update Gas Prices |
| QUIKTRIP 0916 QUIK TRIP | 1700 S MCDONALD ST MC KINNEY, TX 75069 | 3.799 2008-05-23 | Update Gas Prices |
| CHEVRON #01060 CHEVRON | 1902 N CENTRAL EXPY MC KINNEY, TX 75070 | 3.799 2008-05-23 | Update Gas Prices |
| 7-ELEVEN 33276 7-ELEVEN | 421 STACY RD MC KINNEY, TX 75069 | 3.799 2008-05-23 | Update Gas Prices |
| FINA 4035 FINA | 1400 N CENTRAL EXPY MC KINNEY, TX 75070 | 3.799 2008-05-23 | Update Gas Prices |
Tuesday, May 13, 2008
Thursday, May 08, 2008
07:06 AM CDT on Wednesday, May 7, 2008
Bloomberg News
Bag'n Baggage Ltd., a Dallas-based luggage retailer with more than 30 stores in 10 states, has filed for bankruptcy protection from creditors, including Bank of America Corp.
The company listed debt and assets of $10 million to $50 million each in Chapter 11 documents filed Tuesday in U.S. Bankruptcy Court in Dallas.
Bag’n Baggage, which didn’t provide a reason for the filing, said it will submit an affidavit explaining events leading up to bankruptcy.
Bag’n Baggage has been selling travel and business gear for more than 35 years, according to the company’s Web site. An affiliate, 900 Corp., also sought bankruptcy protection.
The 20 largest creditors without collateral backing their claims are owed a total of $2.8 million, according to court filings. RIMOWA/HP Marketing Corp., owed $423,835, is listed as the largest unsecured creditor. The largest secured claimholder, owed $7.6 million, is Bank of America, the second largest U.S. Bank.
The luggage retailer has asked the court for permission to use its accounts receivable, on an interim basis, to continue operations. It also seeks permission to continue customer programs and pay employees. A court hearing has been scheduled for tomorrow.
Without the interim relief “lenders, landlords, vendors, employees and customers will suffer irreparable harm,” the company said in court documents.
Bloomberg News
Bag'n Baggage Ltd., a Dallas-based luggage retailer with more than 30 stores in 10 states, has filed for bankruptcy protection from creditors, including Bank of America Corp.
The company listed debt and assets of $10 million to $50 million each in Chapter 11 documents filed Tuesday in U.S. Bankruptcy Court in Dallas.
Bag’n Baggage, which didn’t provide a reason for the filing, said it will submit an affidavit explaining events leading up to bankruptcy.
Bag’n Baggage has been selling travel and business gear for more than 35 years, according to the company’s Web site. An affiliate, 900 Corp., also sought bankruptcy protection.
The 20 largest creditors without collateral backing their claims are owed a total of $2.8 million, according to court filings. RIMOWA/HP Marketing Corp., owed $423,835, is listed as the largest unsecured creditor. The largest secured claimholder, owed $7.6 million, is Bank of America, the second largest U.S. Bank.
The luggage retailer has asked the court for permission to use its accounts receivable, on an interim basis, to continue operations. It also seeks permission to continue customer programs and pay employees. A court hearing has been scheduled for tomorrow.
Without the interim relief “lenders, landlords, vendors, employees and customers will suffer irreparable harm,” the company said in court documents.
Tuesday, May 06, 2008
AP
Oil hits record above $121 on supply woes
Tuesday May 6, 9:58 am ET
By George Jahn, Associated Press Writer
Oil prices rise to record above $121 a barrel on supply worries
Oil hits record above $121 on supply woes
Tuesday May 6, 9:58 am ET
By George Jahn, Associated Press Writer
VIENNA, Austria (AP) -- Oil futures surpassed $121 a barrel for the first time Tuesday, the spike fueled by worries about threats to supply and a weakening of the U.S. dollar.
The surge in oil prices was also fueled by hopes that the U.S. economy will be spared a sharp downturn after the release of data Monday showing an unexpected expansion in the U.S. service sector in April, analysts said.
Light, sweet crude for June delivery rose to a record $121.49 a barrel in electronic trading on the New York Mercantile Exchange on Tuesday. The contract later retreated to $121.30 a barrel, up $1.33 from Monday's close.
Crude futures settled on Monday at $119.97 a barrel, up $3.65 from Friday's close.
"The bulls are in control of the market," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. "The economic report out of the U.S. yesterday on the service sector seems to suggest the economic slowdown may not be as deep as initially thought."
"The sentiment is that the oil pricing is likely going to stay quite strong, with a lot of volatility," Shum said.
Meanwhile, a Goldman Sachs analyst on Tuesday predicted that oil prices could reach $150 to $200 a barrel over the next six months to two years, but said that how far prices could climb still "remains a major uncertainty."
"We believe the current energy crisis may be coming to a head, as the lack of adequate supply growth is becoming apparent," analyst Arjun N. Murti wrote in a client note.
He raised his 2008 prediction for benchmark West Texas Intermediate crude to $108 per barrel from $96, and his 2009 estimate to $110 from $105. He lifted his prediction for 2010 and 2011 to $120 from $110.
But he also said it was possible that oil could hit $125 this year and $200 in 2009 before coming down to $150 in 2010.
The dollar weakened against the euro on Monday, attracting investors to oil and other commodities viewed as hedges against inflation. Also, a falling dollar makes oil less expensive to investors overseas. A series of U.S. Federal Reserve rate cuts starting last year weakened the dollar considerably against foreign currencies, and analysts blame the dollar's protracted decline for oil's sharp rise this spring.
Supply outages or potential threats to supply emerged in Iran and Nigeria over the weekend and from Iraq on Monday; events in all three nations have caused prices to spike many times in recent months.
In Iraq, Kurdish rebels warned they could launch suicide attacks against American interests to punish the U.S. for sharing intelligence with Turkey after Turkey bombed rebel bases in Iraq on Friday. In Nigeria, a Royal Dutch Shell PLC spokesman said attackers hit an oil facility belonging to Shell's joint venture in southern Nigeria and that some oil production had been shut down. And Iran's Supreme Leader Ayatollah Ali Khamenei said his country will not bend to international pressure and give up its nuclear program.
Energy investors grow concerned any time conflict breaks out or is threatened in the oil-rich Middle East. Years of unrest in Nigeria have cut off nearly a quarter of the major U.S. supplier's oil output.
Amid the occasional threats to crude supplies, global demand for oil continues to grow. The Chinese and Indian economies are growing by double digits, boosting global demand for oil.
In the U.S., where demand has been dampened over economic concerns, the prince for "gasoline at the pump is averaging 29.4 percent above last year's pace," noted Stephen Schork of the Schork Report. "Meanwhile, average diesel prices are up by 41.1 percent or $1.079 a gallon."
In other Nymex trading, heating oil and gasoline futures were both down by over a penny at $3.29225 and $3.0400 a gallon. Natural gas futures slipped more than 6 cents to $11.145 per 1,000 cubic feet.
Brent crude futures rose 30 cents to $118.29 a barrel on the ICE Futures exchange in London.
Associated Press Writer Gillian Wong contributed to this report from Singapore.
The loss is triple what the analysts expected...
http://biz.yahoo.com/ap/080506/earns_fannie_mae.html
Fannie Mae loses $2.2B in 1Q; warns of "severe weakness"
Tuesday May 6, 8:14 am ET
By Marcy Gordon, AP Business Writer
Fannie Mae reports $2.2 billion loss in first quarter and warns of "severe weakness" in market
WASHINGTON (AP) -- Fannie Mae said Tuesday it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined more sharply than the mortgage finance company had expected.
The company said it expects "severe weakness" in the housing market to continue this year, bringing increased mortgage defaults and foreclosures.
Fannie Mae, the largest U.S. buyer and backer of home loans, said it would raise $6 billion by selling new stock. The company will cut its dividend, starting in the third quarter, to 25 cents a share, to generate around $390 million a year.
Fannie Mae's first-quarter loss contrasts with a profit of $961 million in the January-through-March period last year. Fannie Mae reported on Tuesday that the early 2008 loss was equivalent to $2.57 a share. It earned 85 cents a share a year earlier.
Thomson Financial said Wall Street analysts had expected the government-sponsored company to lose 81 cents a share in the latest period. Washington-based Fannie Mae was forced to set aside billions to account for bad loans.
Shares tumbled nearly 11 percent, or $3.04, to $25.25 in premarket trading.
http://biz.yahoo.com/ap/080506/earns_fannie_mae.html
Fannie Mae loses $2.2B in 1Q; warns of "severe weakness"
Tuesday May 6, 8:14 am ET
By Marcy Gordon, AP Business Writer
Fannie Mae reports $2.2 billion loss in first quarter and warns of "severe weakness" in market
WASHINGTON (AP) -- Fannie Mae said Tuesday it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined more sharply than the mortgage finance company had expected.
The company said it expects "severe weakness" in the housing market to continue this year, bringing increased mortgage defaults and foreclosures.
Fannie Mae, the largest U.S. buyer and backer of home loans, said it would raise $6 billion by selling new stock. The company will cut its dividend, starting in the third quarter, to 25 cents a share, to generate around $390 million a year.
Fannie Mae's first-quarter loss contrasts with a profit of $961 million in the January-through-March period last year. Fannie Mae reported on Tuesday that the early 2008 loss was equivalent to $2.57 a share. It earned 85 cents a share a year earlier.
Thomson Financial said Wall Street analysts had expected the government-sponsored company to lose 81 cents a share in the latest period. Washington-based Fannie Mae was forced to set aside billions to account for bad loans.
Shares tumbled nearly 11 percent, or $3.04, to $25.25 in premarket trading.
From the AP this AM:
Myanmar cyclone death toll soars past 22,000: state radio
24 minutes ago
The cyclone death toll soared above 22,000 on Tuesday and more than 41,000 others were missing as the international community prepared to rush in aid after the country's deadliest storm on record, state radio reported.
Up to 1 million people may be homeless after Cyclone Nargis, some villages have been almost totally eradicated and vast rice-growing areas are wiped out, the World Food Program said.
Some aid agencies reported their assessment teams had reached some areas of the largely isolated region but said getting in supplies and large numbers of aid workers would be difficult.
Images from state television showed large trees and electricity poles sprawled across roads and roofless houses ringed by large sheets of water in the Irrawaddy River delta region, which is regarded as Myanmar's rice bowl.
"From the reports we are getting, entire villages have been flattened and the final death toll may be huge," Mac Pieczowski, who heads the International Organization for Migration office in Yangon, said in a statement.
Shari Villarosa, the top American diplomat in Yangon, told NBC's "Today" show that the cyclone had knocked huge trees in the country's largest city.
"And it blew down a significant portion of them, some of these are 6, 8, 10 stories tall — huge trees, 6 feet, 5 feet in diameter. So they came down on roofs," she said.
State radio also said that Saturday's vote on a military-backed draft constitution would be delayed until May 24 in 40 of 45 townships in the Yangon area and seven in the Irrawaddy delta, which took the brunt of the weekend storm. It indicated that the balloting would proceed in other areas as scheduled.
The decision drew swift criticism from dissidents and human rights groups who question the credibility of the vote and urged the junta to focus on disaster victims.
Myanmar's generals have hailed the referendum as an important step forward in their "roadmap to democracy." It offers the first chance for voters to cast ballots since 1990, and the probability is high they will approve the constitution — a legal framework the country has lacked for two decades.
But critics, including the United Nations, the United States and human rights groups, question whether it will lead to democracy.
Myanmar has been under military rule since 1962. Its government has been widely criticized for suppression of pro-democracy parties such as the one led by Nobel Peace Prize laureate Aung San Suu Kyi, who has been under house arrest for almost 12 of the past 18 years.
At least 31 people were killed and thousands more were detained when the military cracked down on peaceful protests in September led by Buddhist monks and democracy advocates.
Saturday, May 03, 2008
Consumer bankruptcies jump 47.7 percent
Consumer bankruptcies jump 47.7 percent: group
Fri May 2, 2008 12:59pm EDT
WASHINGTON (Reuters) - Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said on Friday.
The 92,291 bankruptcy filings in April also marked an increase of 7 percent from March, the non-partisan institute said.
"The sharp spike in consumer bankruptcies reflects the growing financial stress faced by American families, saddled with household debt and mortgage woes," said Samuel Gerdano, executive director of the institute. "We expect consumer bankruptcies to top 1 million new cases this year".
For all of 2007, there were 850,912 U.S. bankruptcy filings, up 38 percent from 2006.
The all-time high of more than 2 million consumer bankruptcy filings occurred in 2005, just before the federal bankruptcy law was reformed to make it more difficult for consumers to discharge their debt under Chapter 7 of the law. The reforms also increased debt payments required under Chapter 13 filings and eliminated some protections such as delaying housing evictions or delaying child support proceedings.
Some Democrats in Congress this year unsuccessfully sought another change in the federal bankruptcy law to let bankruptcy judges reduce mortgage amounts to reflect the current fair value of a home. That move was opposed by Republicans and the banking industry.
Under current Chapter 13 bankruptcy law, a judge may restructure most of a consumer's loans ranging from credit cards to car payments, but may not modify a secured debt such as a home mortgage.
Bankruptcy filings made under Chapter 7 allow a consumer or business to liquidate assets to pay off creditors. Chapter 11 filings are made by companies seeking to reorganize and pay debts while staying in business.
http://www.reuters.com/articlePrint?...17061320080502
Fri May 2, 2008 12:59pm EDT
WASHINGTON (Reuters) - Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said on Friday.
The 92,291 bankruptcy filings in April also marked an increase of 7 percent from March, the non-partisan institute said.
"The sharp spike in consumer bankruptcies reflects the growing financial stress faced by American families, saddled with household debt and mortgage woes," said Samuel Gerdano, executive director of the institute. "We expect consumer bankruptcies to top 1 million new cases this year".
For all of 2007, there were 850,912 U.S. bankruptcy filings, up 38 percent from 2006.
The all-time high of more than 2 million consumer bankruptcy filings occurred in 2005, just before the federal bankruptcy law was reformed to make it more difficult for consumers to discharge their debt under Chapter 7 of the law. The reforms also increased debt payments required under Chapter 13 filings and eliminated some protections such as delaying housing evictions or delaying child support proceedings.
Some Democrats in Congress this year unsuccessfully sought another change in the federal bankruptcy law to let bankruptcy judges reduce mortgage amounts to reflect the current fair value of a home. That move was opposed by Republicans and the banking industry.
Under current Chapter 13 bankruptcy law, a judge may restructure most of a consumer's loans ranging from credit cards to car payments, but may not modify a secured debt such as a home mortgage.
Bankruptcy filings made under Chapter 7 allow a consumer or business to liquidate assets to pay off creditors. Chapter 11 filings are made by companies seeking to reorganize and pay debts while staying in business.
http://www.reuters.com/articlePrint?...17061320080502
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