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Tension in the middle east could send gas prices soaring this summer. Some experts predict you could be paying as much as $5 dollars per gallon. That’s enough to scare anyone into staying home. But is it a real possibility?
According to GasBuddy.com… the year ended at the highest prices point Michiana had seen.
On Dec. 31, the average price for a gallon of gas in the U.S. was about $3.25. And this morning, gas was about $3.45 a gallon … at a time when the expectation is prices will go up. Andre McLin is no expert, but when it comes to gas prices it doesn’t take an expert to tell you this: “Gas is quite high,” says McLin.
Unfortunately for McLin, and all of us, those prices are only going to go up … a lot. Full Article…

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• Greece gives details of how to save an extra 325m to euro zone ministers
• Greece has made progress in convincing euro zone on bail-out
• Evangelos Venizelos says Greece must convince some euro countries
• Antonis Samaras gives undertaking demanded by euro ministers

One News: Greece promises to clarify austerity measures Morning Ireland: Tony Connelly reports on the cancellation of a eurozone ministers’ meeting on Greece

Euro zone finance ministers will be set to take “all the necessary decisions” on Greece Monday after Athens met conditions for a bailout, the Eurogroup chief said tonight.

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The building, which is expected to open in March, will be known as ‘Campus’ and offer work areas, events areas, “chilled-out relaxation points” and a cafe. According to the Evening Standard, Campus has space for over 200 desks.

The new incubator will be in a seven-story location at 4-5 Bonhill Street in the area of east London known as Tech City which has been billed by some as the UK’s answer to Silicon Valley.

In a statement, Google said: “East London’s Tech City is already home to hundreds of world-leading developers, entrepreneurs and ideas. It is rapidly developing into an exciting centre for tech startups. Campus’ goal is to fuel the success of the UK startup community.

Full Article…

Federal prosecutors say data from users of Megaupload could be deleted as soon as Thursday.

U.S. prosecutors blocked access to Megaupload and charged seven men, saying the site facilitated millions of illegal downloads of movies, music and other content.

The company says its millions of users stored their own data, including family photos and personal documents. They haven’t been able to see their data since the government raids earlier this month, but there has been hope they would be able to get it back.

Megaupload hires outside companies to store the data, for a fee. But Megaupload attorney Ira Rothken said Sunday that the government has frozen its money.

A letter filed in the case Friday by the U.S.

Full Article…

European leaders met at a summit in Brussels where they were due to approve a permanent rescue fund for the eurozone, and put finishing touches to aGerman-driven pact for stricter budget discipline.

In the financial sector, Bank of Ireland slid 0.4c to 11.1c. AIB gained 0.1c to 7.6c. Irish Life

You know those little ads that show up on your Facebook page right alongside your preferences and your friends pictures? Turns out that whether or not you realize it, they’re likely having an effect on what you purchase.

According to two new studies set to be published in an upcoming issue of the Journal of Consumer Research, consumers rely heavily on the outside factors such as the opinions of others and associations brands have with consumers’ personal social media content when making purchase decisions.

“The vast majority of marketing exposures are experienced under conditions of low attention and little cognitive involvement,” said Perkins and Forehand.

Full Article…