Oil companies cut billions in spending, BP freezes pay of 84,000 staff globally, and Oil price loses another dollar a barrel today

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 […]

Economic war escalates, S&P cuts Russian debt to junk status. Ruble spikes to 68-$. Russia likely to respond with buying more Gold and selling US Treasuries.

S&P downgrades Russia’s credit rating to junk

US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BBB-, leaving it below investment grade for the first time in a decade.

“The downgrade reflects our view that Russia’s monetary policy flexibility has become more limited and its economic growth prospects have weakened. We also see a heightened risk that external and fiscal buffers will deteriorate due to rising […]

The weekend is over and crude oil is getting smoked again… Crude oil was down another 2.5% to $44.45 a barrel. With oil at $65, industry would be “really busy with restructurings.” In the 40s “we’re looking at liquidations.”

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 […]

MUST LISTEN: WW3, Transhumanism & The Battle For The Soul Of Humanity — Dave Hodges

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 […]

Euro crisis, banking crisis, debt crisis – 5 yrs rearranging deck chairs on the Titanic … Still not nuff lifeboats, but the band plays on

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 […]

Biggest snowstorm in history set to hit NY, Panic-buyers clear stores of food ahead of blizzard threatening

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 […]

Oil & Gas Default Wave, “Outright Liquidations” Next – At These Prices, Time And Money Are Running Out For Junk-rated Companies.

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 […]

SHOCKING Report Reveals Government STEALING Pension Funds!

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. […]

Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy

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 […]

ECB QE at 60 billion a month, worldwide monetary policies signal distress

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 […]

Get ready. IBM about to layoff 26% of its employees starting next week.

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 […]

Staggering Amount Of Debt Throughout The World. The Cause? War Is At Our Footsteps, And Countries Splurge To Do Whatever It Takes to Win

pic.twitter.com/uiT7ArqfWb

— 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 […]

Monstrous Storm Right Ahead! 28 Million In The Blizzard Storm, What We Need To Know And Prepare

http://www.ssd.noaa.gov/goes/east/eaus/rb.jpg

Blizzard Warning

http://forecast.weather.gov/showsigwx.php?warnzone=MAZ015&warncounty=MAC025&firewxzone=MAZ015&local_place1=Boston%20MA&product1=Blizzard+Warning&lat=42.3583&lon=-71.0603#.VMa8M_7F9B0

Tens of millions of people in the Northeast hunkered down on Monday for a historic blizzard that was expected to drop more than 2 feet of snow, whipped around by winds approaching hurricane force — enough to bring Boston and New York to a standstill.

At least 6,000 flights were scrapped, and the major airlines warned that practically nothing would take off or land in […]

Why Rand Paul Is Wrong About Social Security Disability

Why Rand Paul Is Wrong About Social Security Disability

The Republican Congress decided to make overhauling the Social Security disability program one of its first orders of business. On the first day of the new session it put in place a rule change that would make it difficult to address the shortfall the program is projected to face some time next year.

Republican leaders like Kentucky Sen. Rand Paul justified […]

Death-Dealing Politics in the Age of Extreme Violence

Death-Dealing Politics in the Age of Extreme Violence

How a society treats its children is a powerful moral and political index of its commitment to the institutions, values and principles that inform the promises of a real democracy. When measured against such criteria, it is clear that the United States has not only failed, but it is on life support. According to a report released by the Southern Education Foundation, […]

Microsoft earnings fell more than 10% last quarter thanks to “streamlining” and Nokia

What to Expect When Microsoft Reports Earnings

Microsoft Corp.MSFT -0.36% is expected after the close of trading Monday to report financial results for the fiscal second quarter ended Dec. 31. Here are the key points to keep an eye on:

EARNINGS FORECAST: Microsoft is expected to post earnings of 71 cents per share, according to the average of analyst estimates gathered by Thomson Reuters. A year earlier, Microsoft posted earnings of 78 […]

Japan’s trade deficit jumps to $108bn record high

Weak-kneed yen. Slumping oil prices. Yet Japan still records 30th straight trade deficit… http://t.co/TfW6XaLP4Y pic.twitter.com/eeeB2TGqHg

— Robin Wigglesworth (@RobinWigg) January 26, 2015

Japan’s trade deficit jumps to $108bn record high

The trade deficit of the world’s third largest economy hit a new record of around $108 billion in 2014, the highest since 1979. Sharp demand for energy in Japan after the Fukushima disaster boosted imports; lower oil prices could […]

Google Surrendered Private Data Of WikiLeaks Journalists To US Government

Google Surrendered Private Data Of WikiLeaks Journalists To US Government http://www.ibtimes.com/google-surrend…

What happened to vitamins F, G, H, I, and J?

http://www.straightdope.com/columns/r…

‘Out of Fuel': Pilot Pulls Parachute in Dramatic Plane Escape Over Ocean

The U.S. Coast Guard captured the suspenseful moment when a pilot ran out of fuel and his plane quickly plummeted to the ocean.

The pilot had to ditch his aircraft about 253 miles northeast of Maui, Hawaii, on Sunday, when his single engine Cirrus SR-22 aircraft ran out of fuel.

Thousands of Flights Canceled Ahead of Major Winter Storm Massive Asteroid 2004 BL86 to Pass Within 745,000 Miles of […]

Greek F-16 Crashes at Spain Airport Killing 10 People, Injured 13

Ten people were killed and another 13 people were injured after a Greek fighter plane crashed during NATO training in Spain on Monday, a spokesman for the defense ministry said.

The F-16 plane crashed shortly after taking off at the training center in Albacete, 262 kilometers south-east of the Spanish capital of Madrid.

“The plane, part of the Tactical Leadership Programme of NATO was carrying out a (training) exercise […]

Breaking: CIA Whistleblower Jeffrey Sterling found guilty on all counts

DETAILS: US govt accused #Sterling of illegally revealing classified info about a mission http://t.co/BLDmW4NhL4 pic.twitter.com/wsylwYkV5H

— RT America (@RT_America) January 26, 2015

CIA Whistleblower Jeffrey Sterling found guilty on all counts 

A jury found CIA whistleblower Jeffrey Sterling is guilty of all charges against him, according to RT’s Manuel Rapalo at the Virginia courthouse. The government accused Sterling of illegally revealing classified information about a mission.

Sterling was charged […]

The next time someone tells you US Govt stands for freedom & democracy in the world, staple this to their forehead.

The next time someone tells you US Govt stands for freedom & democracy in the world, staple this to their forehead http://t.co/OQYoJho2U3

— Glenn Greenwald (@ggreenwald) January 26, 2015

Dempsey Sponsors Essay Competition to Honor Saudi King

WASHINGTON, Jan. 26, 2015 – The chairman of the Joint Chiefs of Staff has established a research and essay competition in honor of Saudi Arabia’s King Abdullah Bin Abdul-Aziz hosted by the […]

Urgent: Fox News Protester Commits Suicide Outside News Corp HQ, Was A Former Employee

Fired Fox employee kills self at news Corp HQ, says network ‘ruined his life’

A man shot himself in the chest outside the News Corporation building in midtown Manhattan. The former employee of the company had been protesting Fox News before he killed himself, according to reports.

The man, identified as Phillip Perea, was handing out fliers, saying his former employer had “ended my career” and that the news channel […]