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Keyword: investment

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  • [Larry] Summers floats idea of sustained stock purchases by government

    10/05/2016 10:36:54 AM PDT · by Lorianne · 49 replies
    GATA ^ | 30 September 2016
    Former U.S. Treasury Secretary Lawrence Summers floated the idea of continuous purchases of stocks as a potential ingredient in a recipe for the developed world to strengthen economies struggling with subdued growth and inflation. Among the proposals that deserve "serious reflection" is the purchase of a "wider range of assets on a sustained and continuing basis," Summers said in a lecture at a Bank of Japan conference in Tokyo on Friday. "I'm not prepared to make a policy recommendation at this point," he told reporters later. Summers, who also served as a top economic adviser to President Barack Obama, reiterated...
  • Transportation Sector Under Threat From Amazon

    09/06/2016 8:29:28 AM PDT · by bananaman22 · 19 replies ^ | 06-09-2016 | Mike
    Investors in the transportation sector are facing a sea of change thanks to the rise of online commerce. A major part of that change is, and the firms move towards using in-house transportation portends of more evolution to come. With thousands of shipments daily, is leading the way in creating its own in-house transportation via airplanes. This could potentially pave a path for other online retailers, as well as for the future development of other devices like drones which threaten companies that may not have the available funds to invest in them.
  • Is The Oil Production Efficiency Boom Coming To An End?

    08/18/2016 7:58:28 AM PDT · by bananaman22 · 5 replies ^ | 18-08-2016 | Peter
    “How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most prolific oil fields. Looking down the aisle of bobbing pump jacks, seven in a row on one side of the immaculate gravel pad, the veteran oil executive replied, “We can get up to 1,000 barrels a day out of some of the new ones, but that’s not a limit; we’re improving the economics and productivity with each new well.” Impressive I thought, subconsciously nodding my head in sync with the leading pump...
  • What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid

    08/15/2016 9:04:51 AM PDT · by bananaman22 · 102 replies ^ | 15-08-2016 | Juli
    Delta Airlines recently experienced what it called a power outage in its home base of Atlanta, Georgia, causing all the company’s computers to go offline—all of them. This seemingly minor hiccup managed to singlehandedly ground all Delta planes for six hours, stranding passengers for even longer, as Delta scrambled to reshuffle passengers after the Monday debacle. Where Delta blamed its catastrophic systems-wide computer failure vaguely on a loss of power, Georgia Power, their power provider, placed the ball squarely in Delta’s court, saying that “other Georgia Power customers were not affected”, and that they had staff on site to assist...
  • World’s Biggest Pension Fund Loses $51 Billion in Stock Rout

    07/30/2016 6:26:17 AM PDT · by CorporateStepsister · 13 replies
    Bloomberg ^ | July 30 2016 | Yuko Takeo and Shigeki Nozawa
    Japan’s $1.3 trillion Government Pension Investment Fund lost 3.8 percent in the year ended March 31, or 5.3 trillion yen ($51 billion), the retirement manager said Friday in Tokyo. That’s the biggest drop since the fiscal year ended March 31, 2009. GPIF lost 10.8 percent on domestic equities and 9.6 percent on shares in other markets, while Japanese bonds handed the fund a 4.1 percent gain.
  • Detroit Soccer Team Turns to Private Investment to Fund New Stadium

    07/19/2016 11:50:38 AM PDT · by MichCapCon · 13 replies
    Michigan Capitol Confidential ^ | 7/16/2016 | Anne Schieber
    When Detroit's semipro soccer team needed a bigger stadium to accommodate its growing fan base, it did something unusual. Instead of seeking tax breaks or subsidies to support its ambitions, it turned to private supporters, mostly fans. It did so with the help of the Michigan Invests Locally Exemption or MILE Act. Detroit City FC raised $741,250 from 527 investors to refurbish Hamtramck’s Keyworth Stadium. The team’s first game at its new home, on May 13, was a sellout with 7,410 tickets sold. That was more than double the 3,500 tickets it was limited to selling when the team played...
  • Why Lithium Will See Another Price Spike This Fall

    07/19/2016 7:25:18 AM PDT · by bananaman22 · 11 replies ^ | 19-07-2016 | The Guru
    So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Price doubling from 2014/2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12-14 thousand USD per ton.
  • Why Chevron And Shell Are Better Bets Than BP and Exxon

    07/06/2016 11:20:37 AM PDT · by bananaman22 · 1 replies ^ | 06-07-2016 | Oil Major
    Want to invest in the oil majors? Take a look at Chevron and Royal Dutch Shell, but steer clear of ExxonMobil, BP, and Total. That is the conclusion from a new analysis from Tudor, Pickering, Holt & Co., which identified Chevron and Shell as the best of the lot. The reason for choosing Chevron, for instance, is that the American oil major will have high-margin growth, largely due to the completion of several large-scale projects. The Gorgon LNG project is one example – with huge capex requirements behind it, Chevron will enjoy free-cash-flow turnaround. Tudor Pickering Holt also likes Chevron’s...
  • Big Oil Could Spark A Renaissance In U.S. Shale

    07/04/2016 7:15:41 AM PDT · by bananaman22 · 4 replies ^ | 04-07-2016 | Len
    The collapse of oil prices has killed off any appetite that the oil industry had for megaprojects that cost tens of billions of dollars. With scarce resources, oil companies have shifted their focus, pouring resources into short-cycle projects, which often means shale drilling. Liam Denning over at Bloomberg Gadfly put some numbers to the phenomenon, using data from Oslo-based Rystad Energy. The data is revealing, painting a portrait of an industry that has scaled down the size of new oil projects. Intriguingly, the focus on smaller oil fields began before the plunge in oil prices, although the price crash is...
  • Radisson Hotel Chain Is Latest U.S. Giant to Be Snapped Up By Chinese

    04/28/2016 5:55:40 AM PDT · by C19fan · 16 replies
    AP ^ | April 28, 2016 | Staff
    A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies. HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.
  • Mexico’s Clean Energy Market Is Surging

    04/13/2016 3:51:30 PM PDT · by bananaman22 · 8 replies ^ | 13-04-2016 | Feel the Bern
    Overshadowed by the United States’ extension of the Investment Tax Credit (ITC) and the Production Tax Credit (PTC) last year, Mexico’s cornerstone Energy Transition Law is quickly yielding results, lifting the lid on a renewable market primed for take off. On March 29, Mexico concluded its first long-term power auction since more fully deregulating its electricity sector in 2013. The auction, it should be noted, was a smashing success, generating 227 bids from 69 tenderers. State-owned Comision Federal de Electricidad (CFE) – the still dominant player in the sector and the sole buyer for this first go-round – awarded contracts...
  • SunEdison Under SEC Scrutiny As Bankruptcy Looms

    03/29/2016 2:51:35 PM PDT · by bananaman22 ^ | 29-03-2016 | Solarbust
    The U.S. Securities and Exchange Commission is looking into SunEdison to see whether or not the company exaggerated its cash on hand in disclosures last year. The news comes as the solar developer is teetering on the brink of bankruptcy. The solar company has seen its stock collapse since last year as mounting debt problems have raised concerns about the company’s ability to keep the lights on. SunEdison’s share price is off by 96 percent since last July. That has translated to a decline of the company’s market capitalization from $10 billion last summer to just $400 million today. SunEdison...
  • New Wind Turbines Taller Than The Empire State Building

    03/22/2016 1:44:15 PM PDT · by bananaman22 · 44 replies ^ | 22-03-2016 | M. Mouse
    Wind power may not be the cheapest, most efficient, or even most common form of renewable energy, but it is surely one of the most visually impressive methods of power generation. Anyone who has driven from Detroit to Toronto for instance can attest to the awe that comes from seeing dozens of windmills rising hundreds of feet into the air all turning in slow arcs with the wind. A new wind turbine design will put older smaller designs to shame though – if it can every get past the objections of environmentalists. Canada, with lots of land, is an ideal...
  • Here's how much the average US family has saved for retirement

    03/04/2016 8:35:23 PM PST · by MtnClimber · 75 replies
    Business Insider ^ | 3 Mar, 2016 | Kathleen Elkins
    Nearly half of American families have no retirement account savings at all. That's what the Economic Policy Institute (EPI) found in a new report, "The State of American Retirement," which dives into the retirement preparedness of American workers. The EPI broke down the percentage of families with retirement savings by age. Those between 56 and 61 are more likely to have an account (61%), while those between 32 and 37 are least likely to have one (51%). Scroll over the chart to see how the percentages have changed for different age groups over time: (chart at link) The average retirement...
  • REPORT: Feds Are Destroying Free Choice In The Retirement System

    03/01/2016 10:33:14 PM PST · by Mr Apple · 21 replies
    The Daily Caller ^ | March 2, 2016 | Connor D. Wolf
    Federal labor officials may soon destroy free choice in the retirement system by overhauling investment regulations, according to a report Wednesday. The Department of Labor (DOL) has argued people are just not knowledgeable enough to plan for their own retirement. It has proposed a rule to categorize more people...
  • The World's Biggest Banks May Very Well Grow Even Larger

    02/23/2016 7:11:16 PM PST · by Tolerance Sucks Rocks · 14 replies
    Fortune ^ | February 23, 2016 | Eleanor Bloxham
    Ever since the financial crisis, many outside the wealthy elite (sometimes referred to as populists) have argued that the largest banks are too big and too risky. Minneapolis Federal Reserve president Neel Kashkari recently echoed those beliefs.Yet if a new Federal Reserve proposal goes through, Wells Fargo and other large banks might get even bigger and riskier, adding billions to their balance sheets that could increase the banks’ risk profiles.The Federal Reserve says the proposal, which specifies the amount and kind of debt that systemically important large banks must hold, could help make sure that those banks can be wound...
  • Iran seeks $45B in foreign investment

    02/20/2016 10:47:48 PM PST · by Olog-hai · 9 replies
    Associated Press ^ | Feb 20, 2016 7:42 AM EST | Ali Akbar Dareini
    Iran's economy minister said his country is seeking $45 billion in foreign investment following the implementation of a landmark nuclear deal with world powers last month. Ali Tayebnia told reporters Saturday that Iran expects $15 billion in direct foreign investment alone in the next Iranian calendar year, which begins March 20. ...
  • In Spite Of Its Vast Oil Reserves, Cuba Fails To Woo Investors

    02/18/2016 3:28:14 PM PST · by bananaman22 · 12 replies ^ | 18-02-2016 | Cuba Libre
    With the end of the 54-year U.S. trade embargo on Cuba, and Cuban government moves to encourage foreign investors, Cuba is a suddenly attractive venue that is sitting on an estimated 4.6 billion barrels of oil and promising tantalizingly low production costs that defy low oil prices. In December 2014, the U.S. lifted the trade embargo, and earlier that year—banking on an end to the embargo—Cuba began to lay the foundation for attracting foreign investment by offering corporate tax credits. It sounds great—but there has been no rush onto this playing field.
  • S&P affirms A+ credit rating for Israel

    02/05/2016 3:09:10 PM PST · by Mr. M.J.B. · 5 replies
    Arutz Sheva ^ | 2-5-2016 | Ben Ariel
    Standard & Poor's (S&P) Ratings Services on Friday affirmed its 'A+/A-1' long- and short-term credit ratings for Israel, with a stable outlook. The ratings are supported by Israel's prosperous and diverse economy, strong external balance sheet, and flexible monetary framework.
  • Cash is way more popular than stocks or bonds

    02/05/2016 1:03:04 AM PST · by Citizen Zed · 21 replies
    cnn money ^ | 2-5-2016 | Matt Egan
    When investors are nervous, they flee risky assets like stocks for the safety of cash. That's exactly what's been happening lately. Since July 1, cash and money market funds have easily been the world's most popular asset class, attracting $208 billion of inflows, according to Bank of America Merrill Lynch. By comparison, investors have poured a relatively paltry $7 billion into stocks and yanked $46 billion from bonds. It's the latest evidence of the jitters ripping through financial markets amid crashing oil prices, a slowdown in China and soft U.S. economic activity. "The individual investor is scared by the volatility....
  • When stripper wells are stripped away, oil may rise

    01/12/2016 12:57:29 PM PST · by thackney · 49 replies
    Midland Reporter-Telegram ^ | January 8, 2016 | Collin Eaton
    Crude oil has become so cheap it could speed the oil market to a recovery. U.S. crude plunged on Thursday to a 12-year low, an ominous milestone for Houston's oil hub, which already has shed thousands of jobs in the 19-month oil downturn. With crude now fetching less than $34 a barrel, about half the nation's scattered collection of 400,000 aging, nearly depleted wells may have to be shut in as their product becomes less valuable than their operating costs. Called stripper wells, these produce a negligible amount of oil individually but together account for about a tenth of U.S....
  • Money Vanity

    01/10/2016 12:33:51 PM PST · by al baby · 55 replies
    Today | Self
    What would you recommend doing if you have 25 thousand dollars to invest today Where would you put it pay down our mortgage that amount relates to about half of what we owe on a modest condo any ideas
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • How To Play A Potential Collapse In The HAL/BHI Merger

    11/12/2015 7:49:31 AM PST · by bananaman22 ^ | 12-11-2015 | HALBHI
    The Baker Hughes/Halliburton merger saga continues to drag on. Jefferies recently downgraded the probability of the deal being completed from 85 percent to 67 percent, indicating concern over the antitrust review being run by the U.S. government. Haliburton will have to sell roughly $7.5 billion in assets to get regulatory approval for the deal. More importantly though, it will have to sell those assets to a single buyer. Given that price tag, conglomerates General Electric and Siemens look like the most likely buyers. There is always the possibility of a dark horse bidder like Berkshire Hathaway or Blackstone, but that...
  • Oil Megaprojects Won’t Stay On The Shelf For Long

    11/03/2015 7:44:12 AM PST · by bananaman22 ^ | 03-11-2015 | Deepwater
    One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary. Often these megaprojects projects were only the purview of the largest oil companies, as smaller players did not have the resources – financial or technological – to make them work. Meanwhile, smaller drillers, at least in North...

    11/01/2015 9:09:07 AM PST · by Oldpuppymax · 41 replies
    Coach is Right ^ | 11/1/15 | John C. Velisek USN (Ret.)
    Michelle Obama has found herself embroiled in an emails scandal of her own… By Andrew Spalding Commentary by John Velisek USN (Ret), CiR staff writer “As the investigation of Hillary Clinton and her private email scandal is winding down, it’s just been discovered that Michelle Obama may have been involved in an email scandal of her own. The American Medical Association (AMA) released an obesity study last year that revealed that rates have actually changed less than they did in the previous decade. Rather than processing that information, Michelle’s reps decided to claim that obesity in children between ages 2...
  • Taxing Carried Interest Capital Gains As Ordinary Income Is a Very Bad Idea

    09/07/2015 7:15:07 AM PDT · by expat_panama · 47 replies
    Forbes ^ | Sep 4, 2015 | Ryan Ellis
    ...Taxing carried interest as ordinary income is a really dumb idea. The title is just being polite. It makes no sense as a matter of tax policy. It makes no sense if your goal is to soak the rich. It makes no sense if you want to raise money for tax reform. It is the triumph of feelings over thinking, and emotion over reason. It is borne of impassioned ignorance combined with a singular stupidity. It’s populism at its worst and ugliest. [snip] How does this expert investor get compensated? Usually by something called “two and twenty.” The “two” stands...
  • Is George Soros Betting on the Long-Term Future of Coal?

    09/01/2015 9:20:28 AM PDT · by bananaman22 · 10 replies ^ | 01-09-2015 | Sorosian
    Perhaps the greatest nightmare for investors in a commodity stock is that the commodity in question goes the way of coal. After more than a century of dominance in the U.S. and abroad, coal appears to have entered into a structural decline. The EIA and others see coal export volumes declining, domestic U.S. demand remaining questionable, and intense competition from natural gas continuing. A funny thing happened on the way to the graveyard for coal companies though – one of the industries greatest detractors, George Soros, appears to be stepping in as a supporter. Soros, whose $24 billion fortune is...
  • Warren Buffett just disclosed his newest $4.5 billion investment pick

    08/29/2015 7:42:17 AM PDT · by SeekAndFind · 8 replies
    Business Insider ^ | 08/30/2015 | Julia La Roche
    On Friday evening, billionaire investor Warren Buffett, the founder of Berkshire Hathaway, disclosed that he had purchased a massive stake in oil refinery Phillips 66 (PSX). Buffett now owns 57,975,456 shares, or a 10% stake, in the Texas-based energy company, according to a securities filing posted shortly after 8 p.m. ET. As of Friday's share price close at $77.23, Buffett's stake is valued at more than $4.47 billion. Buffett had been aggressively buying shares of Phillips 66 since Wednesday of this week. Earlier this month, Buffett had indicated in his 13-F filing that he was building a new position.
  • Bullish Bets On Oil Go Sour

    08/10/2015 8:43:45 AM PDT · by bananaman22 · 14 replies ^ | 10-08-2015 | oil bear
    Prominent hedge fund manager Andy Hall got burned in July after oil prices crashed. Heading up Astenbeck Capital Management, Hall has made very large bets that oil prices would rebound, citing the unsustainably low oil prices and the rise of demand across the world, particularly in Asia. But July was a brutal month for him. His hedge fund lost 17 percent of its value, or about $500 million. Bloomberg profiled him and another notable trader, Pierre Andurand, who has taken the opposite position, arguing that oil prices will remain low for the next two years. And while Hall’s hedge fund...
  • How Dodd-Frank Ate The U.S. Economic Recovery

    07/29/2015 4:48:32 AM PDT · by expat_panama · 22 replies
    Investors Busniness Daily ^ | 07/28/2015 | IBD Editorial
    Regulation: The Dodd-Frank Act's fifth anniversary this month has received surprisingly little notice. Too bad. It's a pernicious law, one that a devastating new report suggests is largely to blame for our lackluster economy. How bad is Dodd-Frank? One of its main goals, cited by both the White House and the then-Democrat-run Senate, was to get rid of the "too big to fail" doctrine that made some banks too important to allow to go bust. It sounded good at the time. But in fact, it's had the exact opposite effect, leading to a decline in small banks and rising market...
  • The Unintended Consequences of Hillary's Soak-the-Rich Tax Policies

    07/21/2015 4:58:30 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | July 21, 2015 | Scott Hodge
    Tax policy is thought by many in Washington to be one of the more effective tools in the battle against inequality. Indeed, presidential candidates like Bernie Sanders have implied they would raise taxes on the rich to correct for rising inequality, and according to the Wall Street Journal, Hillary Clinton is set to announce her plans to increase taxes on capital gains this week. Populist calls for higher taxes on the rich play very well on the stump, but the resulting policies always seem to produce unintended consequences. Two provisions of Bill Clinton's 1993 tax increase are good examples: The...
  • Trump Plaza sister building is built with immigrant money

    07/15/2015 9:43:33 AM PDT · by Talkwire · 23 replies
    Immigration Attorney Site ^ | July 15, 2015 | Some Lawyer
    Despite what Donald Trump says about immigrants, foreign investment EB-5 funds (the Millionaire Visa) are building the sister building to Trump Plaza. Plus creating 1,600 new jobs. Full article here
  • Now Is A Good Time To Pick Up Some Oil Stocks

    07/08/2015 10:38:15 AM PDT · by bananaman22 · 8 replies ^ | 08-07-2015 | MT
    Oil’s oversized reaction to negative news from Greece and China on Monday should really have come as no surprise with the value of 20/20 hindsight. I have been writing for some time now that the commodity would break out of its narrowing range and that the more times it failed to break the resistance point at $62, the more likely it was that that break would be in a downward direction. It is logical that the longer that it took, the more violent that break would be. Traders were looking for excuses to sell and last weekend gave them plenty...
  • Is America ready to listen to the siren song of socialism? [Demographics: YES]

    07/08/2015 4:22:34 AM PDT · by expat_panama · 50 replies
    American Thinker ^ | July 7, 2015 | Rick Moran
    With avowed socialist Bernie Sanders making waves across the country by seriously challenging Hillary Clinton in some states, it's time to ask the question: is Sanders an outlier? Or a harbinger of things to come? Socialism has always lurked on the fringes of American politics. Even during the Depression, when many young Americans gave up on capitalism and became Communists or socialists, their numbers were comparatively small. But the indoctrination of the young has been so successful that one fears for the future of America. A Pew poll in 2011 found 49% of 18- to 29-year-olds having a positive view...
  • How hedge-fund geniuses got beaten by monkeys — again

    06/26/2015 5:39:58 AM PDT · by SeekAndFind · 3 replies
    MarketWatch ^ | 06/25/2015 | Brett Arends
    The average hedge fund has produced a worse investment performance in the first half of this year than a portfolio consisting of a savings account at your local bank and a random collection of stocks picked by a blindfolded monkey. Stop me if you’ve heard this one before. According to the benchmark HFRX Global Hedge Fund Index, tracked by Hedge Fund Research Inc., the average hedge fund has earned its investors just 2.4% so far this year net of fees. By contrast, the average stock in the MSCI World index of the developed countries’ equity markets is up 7.7%. Hedge-fund...
  • The Filipino First Policy caused the Philippines to Fail

    06/20/2015 1:29:10 PM PDT · by 2ndDivisionVet · 27 replies
    CoRRECT Movement ^ | June 20, 2015
    Are you proud that this is what the Philippines looks like to the rest of the World? If you are one of those Filipinos who thinks that the “Filipino First Policy” of actively discouraging Foreign Direct Investors and multinational companies from coming into the Philippines by requiring them to partner with local Filipino investors who will own at least 60% of the company set up in the Philippines is a step in the right direction, think again. Local Filipino investors are not numerous enough to create as many businesses that would create the huge number of jobs necessary to absorb...
  • When Should Countries Pay Down Their Deficits?

    06/17/2015 5:20:57 AM PDT · by expat_panama · 16 replies
    Real Clear Markets ^ | June 17, 2015 | William Gale & Diane Lim
    A recent study by three researchers at the IMF addresses an important question: Under what circumstances should a country pay down its public debt? When countries face fiscal crises, they have no choice but to cut debt. When they need a Keynesian stimulus, they end up raising debt. But what about a country that is not at risk of a fiscal crisis and is near full employment - a country that is in what the researchers call "the green zone?" Should it pay down its debt (reduce its deficit) or pursue other objectives like public investment?The IMF researchers write down...
  • Top 4 Oil Companies For Dividend Investors

    05/26/2015 1:52:29 PM PDT · by bananaman22 · 6 replies ^ | 26-05-2015 | chase
    Investing in the energy industry right now can be scary. On the one hand, oil prices have been extremely volatile and look likely to stay that way. On the other hand, while clean energy, especially wind power, is growing rapidly, valuations are astronomical and, for income-focused investors there are few good options. With that in mind, investors looking for income in energy have little choice but to turn to the safest conventional energy play available; oil majors. Companies like ExxonMobil and Royal Dutch Shell have been around for decades, so regardless of what happens to oil prices, these firms have...
  • Oil Sector May Not Cause Financial Apocalypse After All

    05/07/2015 12:10:26 PM PDT · by bananaman22 · 1 replies ^ | 07-05-2015 | banana shake
    Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers. A new monthly survey from the Federal Reserve finds that banks that have issued loans to oil drillers are projecting some of them to go bad. Over the course of 2015, the Fed says that oil loans could “deteriorate” and that banks “expected delinquency and charge-off rates.” At the same time, the overall exposure to such loans remained small. Around 80 percent of the banks surveyed by the Fed indicated that their exposure to shaky oil companies accounted for less than...
  • David V. Goliath: Small-Cap Tech To Save Giant Coal

    05/06/2015 2:25:53 PM PDT · by Opintel · 2 replies ^ | 06-05-2015 | globalintel
    The Environmental Protection Agency’s (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains. When the EPA measures to curb mercury pollution from coal-fired power plants over 25 megawatts took effect on 16 April, it wasn’t only environmentalists who were popping the champagne corks—technology companies specializing in mercury remediation broke out the glasses as well. After all, the new regulations created a $2 billion-a-year, federally mandated business for them virtually overnight. These Federal regulations add...
  • Low Oil Prices Could Destabilize Financial System

    04/30/2015 12:06:48 PM PDT · by Opintel · 12 replies ^ | 30-04-2015 | Mark Rutte
    Could the rising levels of debt in the oil industry contribute to destabilization in the financial system? The collapse in oil prices has forced drillers to turn to debt markets to keep their operations going. According to the Wall Street Journal, there has been $86.8 billion in new debt issued so far in 2015, a 10 percent increase over last year. But that trend is not necessarily new. The oil industry has relied on debt for quite some time, but the dramatic fall in oil prices has put a bright spotlight on the practice. The Bank for International Settlements concluded...
  • Lack of ‘Investment’ Is Not the Problem in Baltimore

    04/30/2015 7:34:34 AM PDT · by SeekAndFind · 33 replies
    National Review ^ | 04/30/2015 | Ian Tuttle
    For a sense of the neighborhood in which Freddie Gray grew up, and which has been set partly ablaze over the last several days — the plot of West Baltimore known as Sandtown-Winchester — one need only read the relevant portion of the Baltimore City Health Department’s 2011 Neighborhood Health Profiles. According to the department (which included in its analysis the adjacent neighborhood of Harlem Park), the 10,000-person neighborhood, which is almost entirely black (97 percent), had a median household income of $22,277 as of 2011– 40 percent below Baltimore City’s average. One in five residents age 16 or older...
  • UK Govt To Oppose Any Moves On BP

    04/27/2015 1:36:10 PM PDT · by bananaman22 · 4 replies ^ | 27-04-2015 | Banana
    The U.K. government wants BP to still stand for “British Petroleum.” The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there. Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BP’s CEO Bob Dudley had to publicly dispel any notion that his company is for...
  • How To Spot An Undervalued Oil Company

    04/24/2015 10:58:04 AM PDT · by Opintel · 3 replies ^ | 24-04-2015 | Jump At Opportunities !
    Oil executives have been making headlines recently, due to large purchases of their own company’s stock. In fact, insider buying in the oil industry is higher than any other industry, except the machinery industry. Who’s buying? Major insider purchases for the month of March were made by Kinder Morgan (NYSE: KMI) and Diamond Offshore Drilling (NYSE: DO). Diamond Offshore Drilling’s CEO, Corp Loews, purchased 685,373 shares on the open market, and Rich Kinder, CEO of Kinder Morgan, purchased 100,000 shares of Kinder Morgan. In March, Rich Kinder and Corp Loews weren’t the only executives buying company stock. The Director of...
  • Expert: Billions in Chicago Bonds Pay for Literally Nothing

    03/31/2015 7:40:04 AM PDT · by Kaslin · 20 replies ^ | March 30, 2015 | John Ransom
    In masterful article by Kristi Culpepper, a muni-bond expert who works for the state of Kentucky, Chicago’s bond financing scheme is exposed as a house of cards that postpone debt payments in return for higher interest payments over time. Amongst the questionable strategies exposed by Culpepper include using long-term financing to cover day-to-day expenses, using bonds to pay pension obligations and misappropriating returns from the interest rate swap portfolio as an “ATM” for the city. And the winners are: Chicago city employees—union employees, for whose paychecks and benefit the scheme of providing short term-cash in return for high interest payments...
  • Vietnam’s senior officials should be banned from depositing money abroad

    03/14/2015 4:18:59 AM PDT · by piasa · 2 replies
    Tuoi Tre News ^ | Updated : 03/14/2015 14:28 GMT + 7
    Vietnamese civil servants holding positions at levels of ministerial bureaus and departments or higher should be banned from depositing money or assets abroad or owning property overseas, according to a research group’s proposal aimed at preventing corruption and improving the recovery of losses in corruption case. Such a proposed prohibition is one of many solutions that have been raised in a study on “recovery of property from corruption cases – the practice in Vietnam and international experience” conducted by a group of researchers under the Vietnam Party Central Committee's Commission for Internal Affairs. The suggested ban was voiced by Vu...
  • Marinkovic invites US to invest in Serbian energy sector

    02/07/2015 7:21:59 PM PST · by 2ndDivisionVet · 3 replies
    Tanjug ^ | February 7, 2015
    BELGRADE - Serbian Deputy Parliament Speaker Vladimir Marinkovic invited US-based companies on Saturday to invest in Serbian energy sector, particularly in renewable energy sources. Marinkovic met with US Senator Ted Cruz and Deputy Assistant Secretary for European and Eurasian Affairs Hoyt Brian Yee to discuss investment opportunities in Serbian energy and other sectors. Marinkovic pointed out that Serbia is interested in establishing a strategic partnership with the US that could result in high level political relations and new investments, the Serbian deputy parliament speaker's office said in a release. The government and the parliament of Serbia are strongly committed to...
  • China, Argentina agree on work for new nuclear power plants

    02/05/2015 6:41:44 AM PST · by C19fan · 1 replies
    AP ^ | February 4, 2015 | Staff
    Chinese and Argentine leaders on Wednesday signed a batch of agreements, including collaboration on two new nuclear power plants, as Beijing is strengthening its relations with the South American country. On a state visit to China, Argentine President Cristina Fernandez de Kirchner met with Chinese President Xi Jinping and the two countries signed 15 agreements covering travel visas, information technology, media, energy, space technology and financing. The financial amounts of the deals were not disclosed.
  • What Experts Say about This Past Week--Investment & Finance Thread Jan. 25

    01/25/2015 10:11:11 AM PST · by expat_panama · 107 replies
    Weekly investment & finance thread ^ | Jan. 25, 2015 | Freeper Investors
    Considering the top headlines were about soft footballs this has to have been an easy no-brainer week for investments.  Maybe; here's what he experts are telling us:                     [excerpt from Investors Business Daily At Davos, Hypocrites Tell Rest Of Us To Lower Expectations]Former Vice President Al Gore listens to singer Pharrell Williams... [snip]...talking, of course, about the annual confab at Davos, Switzerland, ...[snip] "The purpose," said former vice president and climate-change entrepreneur Al Gore, standing with hip-hop star Pharrell Williams, "is to have a billion voices with one message, to demand climate action now." OK, so how about you flying commercial,...