As BofA reported overnight when looking at the latest trading activity by its smart money clients, “BofAML clients were net sellers of US stocks for the thirteenth consecutive week last week—making it the longest uninterrupted selling streak in our data history (since 2008) as clients continued to doubt the market rally.”
Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative watch), citing concern that credit measures would remain weak through 2018. XOM stock is sliding and weighing on The Dow (back below 18,000).
FCX is taking immediate steps to reduce oil and gas costs further. In April 2016, FCX announced a new management structure and is instituting an approximate 25 percent oil and gas workforce reduction. The newly structured oil and gas management team is actively engaged in managing costs and developing plans to preserve and enhance asset values.
One of the largest educator pension funds in the U.K., the Universities Superannuation Scheme (USS) is implementing significant changes to the plan benefits as it becomes increasingly under-funded, just like its peers in the United States. The changes are drastic, and are meant to keep the fund solvent in order to at least pay some benefits rather than none over time. Additionally, the plan, which represents 330,000 members, will transition from defined benefit to defined contribution leaving members at the mercy of the performance of the money managers handling their investments.
On the heels of State Department spokesman John Kirby’s renewed proclamation that “US is committed to admitting more refugees,” we thought this brief clip from France’s picturesque Mantes La Jolie (in the western suburbs of Paris) – Europe’s largest “ghetto” – would be useful…
NBC L.A., Apr 19, 2016 (emphasis added): Officials are investigating why sick sea lions are washing up onshore… The Laguna Beach Pacific Marine Mammal Center has an overflow of sea lions… The reason for the influx of sea lions remains a disappearing cold water food source… Another unusual phenomenon they are seeing: Elephant and harbor seals are coming into the centers in addition to California sea lions, and that is not typical.
NBC L.A. transcript, Apr 19, 2016: “Now, an alarming number of sea lions are washing up along our local beaches… it is taking longer to rehabilitate these sick sea lions… Experts say [they are] taking longer to become healthier.” Continue reading »
Homer, Alaska — Joseph Gabryszak, 32, of Homer, Alaska was arrested earlier this year after he was found to be in possession of $1.5 million worth of marijuana.
The trouble began for Gabryszak on February 12, 2016, when Alaska’s State Drug Enforcement Unit raided a 4,500 square-foot building leased to Gabryszak and found 1,000 plants that allegedly contained around 6,000 ounces of marijuana, according to a local report by Homer News. Continue reading »
LONDON — Snow fell in Britain on Tuesday, an unusual event that provoked surprise and excitement among some locals.
A brief flurry of snowflakes landed in London and other parts of southern England in the afternoon, accompanied by dark skies and thunder. The temperature in the capital was 45 F on Tuesday afternoon. There has been heavy snow in parts of Scotland, where the CairnGorm Mountain ski resort said it had enough of the white stuff to stay open until May 2, the BBC reported.
“Snow this late in April is unusual,” said AccuWeather Meteorologist Tyler Roys. “Much of the accumulating snow will be across the mountainous terrain of Scotland and northern England.” Continue reading »
(CNSNews.com) – President Barack Obama, speaking in Germany on Monday, said we’re fortunate to be living in the “most peaceful” era in human history.
“I want to begin with an observation that, given the challenges that we face in the world and the headlines we see every day, may seem improbable but it’s true. We are fortuate to be living in the most peaceful, most prosperous, most progressive era in human history,” he said. Continue reading »
Said anything bad about Hillary on Twitter or Facebook lately?
Well, you just might find yourself getting “corrected” by her “Correct the Record” Super Pac through its project “Barrier Breakers” which has boasted that it has already “addressed more than 5,000 people that have personally attacked Hillary Clinton on Twitter,” according to The Daily Beast. Continue reading »
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
The Third World War is currently being fought. How long before it moves into its hot stage?
Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS—Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being destabilized with fabricated political scandals. Both countries are rife with Washington-financed politicians and Non-Governmental Organizations (NGOs). Washington concocts a scandal, sends its political agents into action demanding action against the government and its NGOs into the streets in protests. Continue reading »
For those who wonder why, as the editor of Natural News, I carry a loaded weapon with me at all times, consider how often whistleblowers who threaten to expose government conspiracy crimes end up dead. In just the last few days, a water treatment plant foreman who could have testified against the corrupt government of Michigan was found dead in his home. On the exact same day, Sasha Avonna Bell, who spearheaded a lawsuit against the government over the lead poisoning of the Flint water supply, was found murdered.
“She was identified Thursday, the same day the death of a Flint Water Treatment Plant foreman who was wanted for questioning in connection with the crisis was announced,” reports the Daily Mail. Continue reading »
When I first watched this, I firmly believed this guy was an actual reporter doing an outtake for the station gag reel. After some digging, I learned that he is Tom Walker, a British political comedian playing a character named Jonathan Pie, and he makes videos like this all the time.
‘Hunt’s just the fluffer. It’s TTIP lining up and lubing up for the NHS.’
Tensions are rapidly escalating between the US and Russia following last week two fly-bys when first a Russian Su-24 “buzzed” the US missile destroyer USS Donald Cook in the Baltic Sea, and just days later flew within 50 feet of a US recon plane also flying over the Baltic Sea, which some interpreted as a Russian warning to Poland. The U.S. quickly responded and complained vocally to Russia (even if Obama did not mention the incident during his phone call with Putin immediately following the incident).
Who could have seen that coming? It appears President Obama’s ill-advised Op-Ed and visit to The United Kingdom, exhorting his “friends” to ‘just say no’ to Brexit and vote democratically to stay part of an undemocratic superstate, has backfired for the establishment. A poll by YouGov suggests that Obama’s high profile intervention in the UK’s EU Referendum failed with 65% of Brits seeing his comments were not “appropriate.”
As SputnikNews reports, Mr Obama’s pro-European plea sparked angry responses from a number of high profile advocates of a ‘Brexit’, not least the Conservative London Mayor, Boris Johnson:
The latest shocking example of just how intertwined central banks have become in all capital markets, comes courtesy of the Bank of Japan which days ahead of a move which may see it double its ETF purchases from the current run rate of JPY3.3 trillion to JPY7 trillion or more (if Goldman is correct), is revealed to be a top 10 holder in about 90% of all Japanese stocks. Crazier still, if as Goldman predicts the BOJ doubles its purchases of ETFs, the central bank could become the No. 1 shareholder in about 40 of the Nikkei 225’s companies by the end of 2017,
The criminal depths to which police will sink to bolster their budgets, apparently have no limit, as a recent case of police theft in Oklahoma illustrates. To keep society safe, sheriff’s deputies in Muskogee County, Oklahoma robbed a church and an orphanage of $53,000. Real American heroes.
Eh Wah, 40, a refugee from Burma, who became a US citizen more than a decade ago, was traveling with the cash to deliver it to the intended recipients when he was targetted by modern day, state-sanctioned pirates — for a broken tail light. Continue reading »
Upon hearing the rather surprising news that prominent republican billionaire Charles Koch could possibly support Hillary Clinton in a presidential election, Clinton took to twitter to offer her response.
Not interested in endorsements from people who deny climate science and try to make it harder for people to vote. https://t.co/TWN4zYhMBh
Ironically Hillary didn’t rebuke the quasi support by a rival Koch brother due to fundamental philosophical differences, or the fact that she’s a woman of the people and doesn’t hobnob with billionaires, rather she pointed out his stance on climate change and voter rights allegations as reasons she wouldn’t want his endorsement.
Remember when “someone” used the Stuxnet virus, or rather worm, in an Iranian nuclear plant several years ago to freeze Iranian nuclear production, leading to a major diplomatic scandal involving the spy agencies of both the US and Israel, as the world learned that in the present day industrial sabotage only needed a flash drive and a computer virus to render even the most sophisticated piece of industrial machinery obsolete? Well, moments ago, Bloomberg reported that a computer virus was discovered in a German nuclear power plant. Continue reading »
Moments ago Unilever NV was set to raise money in bond markets Monday that will cost the consumer-goods giant almost nothing, in the latest sign of how the European Central Bank’s stimulus measures are slashing funding costs across the continent. In one tranche of a €1.5 billion deal, the Anglo-Dutch company was set to sell €300 million of debt maturing in 2020 with a coupon of 0%, potentially offering investors a yield of just 0.06%,
As it deals with the economic slowdown and a plunge in oil prices, Norway has turned to its massive sovereign wealth fund in order to cover 2016 budget deficits, in continuation of a trend noted here first last October. As Bloomberg reports, the country withdrew $898 million in March from the fund, putting the year-to-date total at roughly $3.1 billion, a run rate that is higher than the estimate the central bank governor gave just this past February.
In the bottom of the 9th, with two out and the bases loaded, Ted Cruz and John Kasich are attempting one final maneuver to stop Donald Trump from getting the GOP nomination.
As the WSJ reports, top officials from both the John Kasich and Ted Cruz campaigns have announced that the candidates have formed an alliance, and will work together during the remaining primaries in order to make sure Donald Trump doesn’t have enough delegates to win the nomination outright before the convention in July. Continue reading »
(CNN) – President Barack Obama announced Monday an additional 250 special operations forces will be sent to Syria in the coming weeks in a speech in Hannover, Germany, in an effort to stem the influence and spread of ISIS.
“Just as I approved additional support for Iraqi forces against ISIL, I’ve decided to increase U.S. support for local forces fighting ISIL in Syria, a small number of special operations forces are already on the ground in Syria and their expertise has been critical as local forces have driven ISIL out of key areas,” Obama said, using another acronym for the jihadist group.
“So given their success I’ve approved the deployment of up to 250 additional U.S. personnel in Syria including special forces to keep up this momentum,” he said.
The whales’ deaths are symbolic of humanity’s shocking disregard for marine life.
In January, 29 sperm whales were found stranded on shores around the North Sea, an area that is too shallow for the marine wildlife. Only recently were details of the animals’ necropsy released. However, scientists were deeply disturbed by what they found in the animals’ stomachs. Continue reading »