BP has frozen the pay of its 84,000 staff around the world in response to the plunge in the oil price, which has more than halved in the past six months.
Weeks after cutting 300 jobs in Aberdeen, the oil company’s boss, Bob Dudley, sent a memo to all its staff outlining the decision to hold salaries at last year’s levels because of the harsh trading environment.
BP is among […]
The weekend is over and crude oil is getting smoked again http://t.co/mgROSNp5V6 pic.twitter.com/riG1tBZXyA
— Business Insider (@businessinsider) January 26, 2015
- The weekend is over in New York and near 7:05 pm ET, the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel. Additionally, US stock futures were selling off after a mixed week that saw the Nasdaq and S&P 500 gain ground while […]
Dave Hodges of the Common Sense Show.com joins me to talk about all of it – manufactured terror, World War 3, the elite’s plan to sell out humanity, depopulate the earth and use Transhumanism on those who are left here to be slaves. This is a must listen conversation and we very much appreciate you tuning in and sharing it with those you love.
Dave’s site: http://www.thecommonsenseshow.com/
For REAL […]
5 years into the euro zone crisis the ECB announces a €1.1 trillion quantitative easing programme to boost economy. Bolder than expected.
Draghi Commits ECB to Trillion-Euro Asset-Purchase Plan to Fight Deflation
Mario Draghi led the European Central Bank into a new era, committing to a quantitative easing program worth at least 1.1 trillion euros ($1.3 trillion) to counter the threat of a deflationary spiral.
The ECB president shrugged off […]
Snow up to 3 feet and hurricane-like gusts could slam Boston and New York Monday and Tuesday. http://t.co/5ld4nRUMaI pic.twitter.com/tTqnfiu71e
— CNN Breaking News (@cnnbrk) January 26, 2015
The National Weather Service (NWS) has warned of a “potentially historic blizzard”
New York’s mayor is telling residents to “prepare for the worst”.
“This could be the biggest snowstorm in the history of this city, prepare for something worse than we have […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
Next Chapter in the Great American Oil Bust
Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak.
“If prices stay low well into the latter […]
Sources: “Is Your Pension Courting Catastrophe? – Bloomberg View” http://www.bloombergview.com/articles… “Detroit attorney says pension cuts actually close to 50 percent – World Socialist Web Site” http://www.wsws.org/en/articles/2014/… “Public service unions not entitled to $28B pension surplus, says Supreme Court | Toronto Star” http://www.thestar.com/news/canada/20… “Portugal raids pension funds to meet deficit targets – Telegraph” http://www.telegraph.co.uk/finance/fi… “Hungarian savers say government is stealing their pensions | Reuters” http://www.reuters.com/article/2014/1… “Russia Seized Citizens Pension Funds. […]
By Michael Snyder
Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting. The current governing party, New Democracy, only has 28 percent of the […]
Today on The Janssen Report (#91): why have we allowed thin air to be a cashflow generating asset? This in essence what the banking system has created for itself: creating an interest-generating asset (= loans) by typing numbers in a computer.
With the Swiss National Bank unpegging the Franc from the Euro and Mario Draghi of the ECB announcing massive asset and bond buying at 60 billion euros a […]
Last October, IBM (IBM) chief executive Ginni Rometty vaguely hinted the company’s self-styled makeover to analytics, cloud, mobile and security specialist could mean yet another round of layoffs, following last year’s firing of 10,000 workers with another 1,700 shown the door in 2013.
But that was small potatoes compared to what might hit IBM next week amid one report the vendor is prepping to lay off what could amount to […]
— trutherbot (@trutherbot) January 20, 2015
Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China’s assertiveness in the region
Japan’s cabinet has approved the country’s largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China’s increasing assertiveness in the region. Prime Minister Shinzo Abe’s Cabinet endorsed on Wednesday a nearly […]
My meeting with President Obama was very fruitful. We are committed to taking India-USA relations to the next level, benefitting our Nations
— Narendra Modi (@narendramodi) January 25, 2015
‘India wants fruitful relations with both US, BRICS’
India knows what to get and from whom, Dr. Sreeram Chaulia of the Jindal School of International Affairs told RT. It wants to hedge its bets and build close relations with BRICS, […]
F-16 air base crash footage: at least 10 die after takeoff fail http://t.co/Lwe8cKMPJK pic.twitter.com/fdCyioG9Pk
— RT (@RT_com) January 26, 2015
The accident is believed that the plane crashed during take off as it was about to perform a NATO exercise. The plane burst into flames as it crashed into the parking lot of the airbase.
U.S. #Obesity Rate Inches Up to 27.7% in 2014… http://t.co/fSDnAJOCbq #WellBeing pic.twitter.com/Phe0IlVObz
— GallupNews (@GallupNews) January 26, 2015
U.S. Obesity Rate Inches Up to 27.7% in 2014
WASHINGTON, D.C. — The percentage of U.S. adults who are obese continued to trend upward in 2014, reaching 27.7%. This is up more than two percentage points since 2008 and is the highest obesity rate Gallup and Healthways have measured in seven […]
CLICK ON CHART TO ENLARGE
The sharp decline in the Euro and near vertical rally in the U.S. Dollar over the past year has been rare. This chart looks at the U.S. Dollar over the past 30-years.
From a Power of the Pattern perspective, two things stick out at this time. The rally over the past year has the 52-week rate or change (bottom of chart) hitting a […]
Should there be limits to free speech?
Only weeks after the demonstrations in support of freedom of expression for Charlie Hebdo, a French court has convicted three individuals for posting homophobic tweets.
The hashtag used in the tweets was “let’s burn the gays.” While there is no argument that the language is offensive and disgusting, should we begin placing limitations on free speech to exclude remarks of this type?
FBI: Russian Spy Arrested in New York
The FBI in New York has arrested one Russian for spying and indicted two others on Monday. The FBI alleges the three Russians—Evgeny Buryakov, Igor Sporyshev, and Victor Podobnyy—were working as “deep cover” agents of Russia’s SVR intelligence service with day jobs inside a Russian bank, the Russian trade mission, and the Russian diplomatic mission to the United Nations, respectively. The FBI said […]
I will gladly tax you tomorrow on savings you were taxed on today. – IRS Commissioner Wimpy pic.twitter.com/ykH8x4BNxa
— Rudolf E. Havenstein (@RudyHavenstein) January 26, 2015
Millions of people in the Northeast are bracing for Winter Storm Juno, which threatens to become a major snowstorm today through Wednesday with the potential for blizzard conditions and more than 2 feet of snow.
Current Winter Weather Alerts
The high confidence in forecast wind and snowfall led the National Weather Service to issue blizzard warnings well in advance of the storm from the New Jersey shore all the way […]
Will we see a gold currency in 2015? Will gold double; what about silver? From where is the metal going to come? Will the United States be spared if there is in fact WWIII? Will China and Russia be partners in war the same as they are partners in business?
As you can see from the questions above we are covering some of the larger issues of the day. Join […]