Gm Chrysler Merger Talks Reported

The Pickens Plan is the brainchild of T. Boone Pickens and proposes a move to wind power to generate producing electricity. Rather than rely on natural gas to create electricity, the Pickens Plan provides an energy crisis solution: wind capability. Currently, 22 percent of our electricity is generated by natural gas, according to T. Boone Pickens.

In November 2005, venture firm Sequoia Capital invested an initial $3.5 million;additionally, Roelof Botha, partner of this firm and former CFO of PayPal, joined the YouTube board of company directors. In April 2006, Sequoia and Artis Capital Management put an additional $8 million into the company, which in fact have experienced huge popular growth within its first several months.





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Rising oil prices put weigh on consumer discretionary stocks which led the decliners for the day. The dollar fell 7.4% to 83.61 Japanese yen. The dollar index also hit its lowest level in eight months. Based on T & K Futures president Michael K. Smith, the dollar is lower and had been much money out there chasing the safe-havens of silver and gold.

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