TCC's Weekly Reader

September 6, 2005
Hurricane Katrina's still in the news - if you need the latest updates or are trying to connect with folks in the New Orleans area, try the New Orleans Times-Picayune's Web site for neighborhood listings and locals looking for loved ones. And until the Gulf region recovers, your donations to any reputable charity are needed.

Michigan senator Carl Levin is asking the government to set gas price caps across the country until Katrina's effects on Gulf oil production are mitigated. In response, the government has set up a Web site and a toll-free number for people to report price gouging. (Prices hit a high of about $3.05 a gallon on Monday before falling back below $3.04 a gallon yesterday.)

Police across the country report less Labor Day traffic than expected - mostly due to Katrina's effect on gas prices.

Kerkorian's Tracinda Corp. now holds about 9.5 percent of GM's common stock, but Kerkorian won't be using his holdings as leverage against the GM board.

Tire prices are the next to go up, after oil and fuel prices. Score a point if you knew oil is a big part of the tire production process.

If you think it's bad at home - think about in Baghdad, where gas is running low, too. Old refineries are keeping the country from meeting its own fuel demands, so much so that the capital city now has odd-even driving days.

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