2009: "Between the hours of 1:22 a.m. and 3:41 a.m., [Steve Perkins] gradually bought 69 percent of the global market [7 million barrels of crude oil], while driving prices up from $71.40 to $73.05, by bidding higher each time. At 6:30 a.m., presumably sobering up and realizing what he’d done, he sent a message to his managing director claiming an unwell relative meant he would not be able to make it into work." 'Drunken' Broker Sent Oil to 8-Month High in 2009
Man in a "drunken blackout" bought 69 percent of the global market in oil futures
Covid results in 1 billion unsold hotel room nights in 2020
Hotels are suffering greatly as a result of the pandemic, reports MSN. By the end of the year, the hotel industry in the United States will have recorded a billion unsold hotel room nights. Based on an average daily rate of $131, hotel owners have seen about $46 billion in lost revenue. The result, industry… READ THE REST
Biden on jobs report and $900 billion relief package: 'Congress and President Trump must get a deal done for the American people'
President-Elect Joe Biden, in a statement on the November jobs report released Friday, says he is "encouraged by the bipartisan efforts in the Senate around a $900 billion relief package." He adds: "Congress and President Trump must get a deal done for the American people." [Read the BLS November Jobs Report] "This is a grim… READ THE REST
What's going on with the stock market?
Michael Goodwin, the author of the excellent comic book guide to economics, called Economix, has a new comic on his website looking at why the stock market is doing well even though the economy is not. READ THE REST
This dog hammock is the perfect blend of comfort for your dog and protection for your car
Everybody loves the plan. Well…in theory, that is. You pile the whole family into the car, including your favorite pooch, and you hit the road on an adventure. But by the time your fun is done, the backseat ends up looking like it's now your dog's new home. Covered in hair, dirt, and ugly scratches,… READ THE REST
Enter to win a $5,000 Amazon Smart Entertainment prize package full of cool gear
The best part of any giveaway is getting something for free. It's why we instinctively enter sweepstakes or slip our name into a drawing in the first place. Usually, winning is as much the reward as the actual reward itself. But just so there's no misunderstanding, it's exponentially more fabulous if the prize you win… READ THE REST
Get a lifetime of Rosetta Stone, access to exclusive cheap flights, and more travel hacks for under $160
While the world is finally emerging from its year-long COVID slumber, it's only emerging gradually. Even though more people are venturing outside and making short trips here and there, many are still a bit reluctant to travel too far from home. And sometimes, decisions like staying away from Indonesia make a whole lot of sense.… READ THE REST