News For March 17, 2011
News headlines for March 17 2011 includes Japanese use water cannons in Fukushima reactor; US nuke discussions; Hillary Clinton's political future, and Barry Diller on Internet website valuations, and crude oil rises amid Libyan protests.
Crude Oil Flirts With $99 A Barrel
The March 2011 light sweet crude oil futures contract rose $0.90 a barrel to $99 in evening trading Thursday. Libya has all but halted oil exports in amid protests and rebellion in the region. UBS has raised their Brent crude forecast to $103.75.
Japanese Use Helicopters To Cool Off Nuclear Reactor
Helicopters armed with water cannons were routed to the Fukushima Daiichi nuclear plant in an effort to cool down the quake damaged reactors. Eleven water cannon trucks were also used to spray water at reactor number 3. Over 200,000 people living within the area have been evacuated
Barry Diller Says Groupon and Twitter Valuations Are Insane
At the SXSW convention in Austin, Texas, IAC Chairman Barry Diller said that valuations of Groupon and Twitter "are mathematically insane".
"If there's a willing dumb buyer, that's OK. And some of them -- a very few of them -- won't turn out to be dumb."
IAC owns a suite of website properties including Ask.com, Match.com, Dictionary.com, Thesaurus.com, Zwinky.com and Vimeo, More on the interview with Barry Diller and CNNMoney anchor Poppy Harlow.
Hillary Clinton Won't Run For Second Term
In a CNN interview with Wolf Blitzer, Secretary of State Hillary Clinton said she has no intention of running for any political position again:
"I have no intention or any idea even of running again. I'm going to do the best I can at this job for the next two year".
Nuclear Power Discussions
In wake of Japan's nuclear power problems, here in the US lots of talk on the subject:
- Mother Jones:
Obama Touted Safety Record of Japan's Nuclear Industry
Global nuclear debate heats up
San Jose Mercury:
Lawmakers seek nuclear inspections in California
- Mother Jones: