Final hurrahs, Crude guesswork

Good day for toy shoppers, Bad day for bold predictions

GOOD DAY FOR: Toy shoppers, after retailer KB Toys filed for bankruptcy protection and announced that it would immediately start going-out-of-business sales at its 431 locations. This is the second bankruptcy for the 86-year-old toy story, after a 2004 stint in bankruptcy court. KB Toys employs about 4,400 year-round workers and another 6,515 seasonal employees during the holiday season. (Newsday)

BAD DAY FOR: Bold predictions, after Goldman Sachs energy analysts who foresaw imminent $200-a-barrel oil prices earlier this year lowered their 2009 forecast to $45 a barrel. The analysts see oil rising to $70 a barrel by 2010 and $105 a barrel by 2012. (Reuters)

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us