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18/10/2010

Oil prices settle higher as stock markets rise

NEW YORK – Oil prices on Monday bounced back above $83 a barrel, as stocks rose on encouraging earnings reports and the dollar weakened against the euro. Benchmark crude for November delivery rose $1.83 to settle at $83.08 a barrel on the New York Mercantile Exchange.

At the pump, gas prices leveled off at a national average of $2.832 for a gallon of regular, down a fraction of a cent from Sunday. After a two-week climb, pump prices are about 10 cents higher than a month ago and nearly 29 cents higher than a year ago. Drivers in California, Alaska and Hawaii pay the most for gas: well over $3 a gallon in most places. The lowest prices are across much of the South, where gas stations charge an average of $2.65 to $2.71 a gallon.

Oil prices got a boost Monday from rising stock prices. The Dow Jones Industrial Average gained about 60 points in late morning trading. Financial shares rose after Citigroup announced better-than-expected earnings. The NASDAQ and the S&P 500 rose as well. A number of major companies report this week, as earnings season begins in earnest. Investors will watch those results for signs of the nation's economic health and the prospects for stronger energy demand.

The dollar weakened after some early gains against the euro and other currencies. Oil, priced in dollars, can become more appealing to foreign buyers as the dollar gets weaker. With the Federal Reserve likely to take action next month to keep the economic recovery going, the dollar is likely to fall again and keep oil prices at or above current levels.

"The fundamentals still do not look strong, but suddenly $80 a barrel looks like it may be becoming a new support level rather than a resistance line," said a report from KBC Energy Economics in London.

The Energy Department's weekly report on crude inventories on Wednesday may affect prices as well. Although supplies are abundant, shrinking inventories could support higher prices. Last week's EIA report showed a decline in inventories, but that did not immediately boost oil prices.

"It is difficult to say, for sure, that those declines did anything to help prices move higher over the longer term," said energy consultants Cameron Hanover. "Crude oil stocks are likely to depend upon crude oil imports, which are extremely low right now. We cannot expect them to remain this low."

Some analysts said last week's decline in crude supplies was due mainly to fewer imports of oil.

The price of natural gas prices continue to fall. The contract settled at $3.431 per 1,000 cubic feet, down 10.4 cents. More mild weather across much of the country won't help drain the bulging supplies on hand. "Weather forecasts continue to provide little support, with normal to above-normal temperatures expected for the remainder of this month and into early next month throughout the eastern half of the country," said Addison Armstrong, senior director of market research at Tradition Energy:

In other Nymex trading, heating oil rose 4.53 cents to settle at $2.2761 a gallon and gasoline gained 4.77 cents to settle at $2.1515 a gallon.

In London, Brent crude added $1.92 to settle at $84.37 a barrel on the ICE futures exchange.

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Associated Press writers Pablo Gorondi in Budapest, Hungary, and Alex Kennedy in Singapore contributed to this report.

Liza Minnelli's Forgotten 1989 Foray into Dance Music is a Must for Pet Shop Boy Purists

Liza Minnelli's recording career never really took off. Her strange, nervous stage presence and talent hasn't been captured well on vinyl. She doesn't possess the heart-stopping voice of her legendary mother, Judy Garland, nor does she sing with the versatile skill of her chief peers, Bette Midler or Barbra Streisand. She is a musical actress born in the wrong generation, whose talents belong on a theater. Like Patti Lupone, Bernadette Peters and Nell Carter, Liza Minnelli seems to be a true Broadway baby - the one medium that still treasures an act like hers.

Her albums are largely forgettable affairs, with a few exceptions -- her best works are usually soundtracks to her films (Cabaret and New York, New York) or souvenirs of her concerts. She rarely records in the studio since the 1970's, and has released only one studio album in the 1980's and another in the 1990's.

Hoping to change her recording fortunes, Minnelli teamed up with UK-based dance-pop group, the Pet Shop Boys for an album of songs that marry Minnelli's stagey belt with the Boys' synth-driven disco beat. The result, apty titled Results, isn't as forced as expected, and the result is a pleasantly surprising and witty record that is high on camp and energy. The Pet Shop Boys resurrected 1960's pop icon Dusty Springfield's career with a string of hit records, and were trying to do similar work with Minnelli.

The collection of songs is a mix of covers and originals. Minnelli and the Boys pay tribute to her Broadway roots with a version of "Losing My Mind," from the Stephen Sondheim musical Follies. Minnelli attacks the song like any showstopper she performs onstage; relying heavily on her dramatic ability, she gives the song a paranoid, claustrophobic reading. Her cover of Tanita Tikaram's "Twist in My Sobriety" is also a humorous tongue-in-cheek track, harking back to her association with John Kander & Fred Ebb (composers of Minnelli's most important hits including "Maybe This Time" and "Cabaret"), by including a vampy male rapping her theme "Liza with a Z" as an intro. Also the title is more than just a little reminiscent of her much-publicized stint in rehab.

Results also includes Minnelli's renditions of two Pet Shop Boys tunes: the sad, gold-digger lament, "Rent" and the epic "Tonight Is Forever." "Love Pains" is a tight-fisted dance-number that is echoing late 1980's Janet Jackson or Madonna, expertly capped off by an enthusiastic participation by a joyous, almost gospel-choir. "So Sorry, I Said" is another poignant, resigned ballad, which allows Minnelli to bilk her considerable reserve of pathos. The album's shiny production and very decadent, European feel meshes perfectly with Minnelli's drag queen-like vocal style. The albums only sore spot is "Don't Drop Bombs" a dated number that includes record scratching and an unfortunate rap by Minnelli.

2005 saw a rerelease in Europe of Results that included remixes of the album's singles and the accompanying music videos. The videos are time pieces of 1980's MTV, with splashy production and glossy editing. Liza Minnelli looks fantastic in them, vibrantly thin and attractive, with a stylish assymetrical haircut and highlights.

Minnelli would release one more studio album, Gently, a collection of standards and pre-rock pop standards in 1996. The album is more in tune with Minnelli's image of a singer of a past generation. Results is a great look back at Liza Minnelli's successful reinvention as a dance-pop diva.

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08:45 Publié dans Passions | Lien permanent | Commentaires (0) | Tags : sdhc, pedro, mad, liberte, blanc

17/10/2010

Woman pleads not guilty to Colorado art damage

FORT COLLINS, Colo. – A woman accused of destroying a piece of artwork in Colorado that was denounced as being obscene is scheduled to stand trial in January.

Kathleen Folden pleaded not guilty Friday in Fort Collins. The 56-year-old truck driver from Kalispell, Mont., is charged with one count of criminal mischief, a felony that carries a penalty of between two and six years.

She was arrested Oct. 6 in a museum after witnesses said she used a crowbar to smash glass shielding the print by California artist Enrique Chagoya.

Critics say the work depicted Jesus engaged in a sex act, but Chagoya says it's not Christ and the work has been misinterpreted.

One of Folden's lawyers says she's a woman of faith and looks forward to sharing her views.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

FORT COLLINS, Colo. (AP) — A woman accused of destroying a piece of artwork in Colorado that was denounced as being obscene has pleaded not guilty.

Kathleen Folden entered her plea Friday in Fort Collins. The 56-year-old truck driver from Kalispell, Mont., is charged with one count of criminal mischief, a felony that carries a penalty of between two and six years.

She was arrested Oct. 6 in a museum after witnesses said she used a crowbar to smash glass shielding the print by California artist Enrique Chagoya.

Critics say the work depicted Jesus engaged in a sex act. But Chagoya says it's not Christ, but a collage aimed at showing how the church has corrupted spirituality.

In court, Folden wore a T-shirt depicting a cross with bloody nails and a reference to a Bible verse.

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