SINGAPORE (AP) — Oil rose slightly to near $85 a barrel today, clawing back some of a large drop from the previous session amid hope that weak U.S. economic growth may trigger new stimulus measures.
The Labor Department on Friday said the U.S. economy added 80,000 jobs last month, which was fewer than expected and prompted speculation that the U.S. Federal Reserve may implement more monetary stimulus measures known as quantitative easing.
Last week, the European Central Bank and the People's Bank of China both cut lending rates in the bid to boost flagging economic growth.
Terrebonne Parish Levee District officials say a second-hand floodgate from Westwego could provide Pointe-aux-Chenes residents with some quick flood protection for a little money.
The Courier of Houma reports (http://bit.ly/NatJMM) that the 11-foot-tall barge floodgate was installed as stop-gap flood protection by the U.S. Army Corps of Engineers in 2007 while it finished a larger floodgate in Bayou Segnette. It is set to be removed in August.
"Between 1950 and 1960," according to NPR's John Burnett, Texas "lost nearly 100,000 farms and ranches," and rural residents who had made up more than a third of the population dwindled to just a quarter of the population.