31.12.15

NEWS  |  Saudis Plan Unprecedented Subsidy Cuts to Counter Oil Plunge  |  Rigzone

NEWS  |  Saudis Plan Unprecedented Subsidy Cuts to Counter Oil Plunge  |  Rigzone: "Confronting a drop in oil prices and mounting regional turmoil, Saudi Arabia reduced energy subsidies and allocated the biggest part of government spending in next year’s budget to defense and security.

Authorities announced increases to the prices of fuel, electricity and water as part of a plan to restructure subsidies within five years. The government intends to cut spending next year and gradually privatize some state-owned entities and introduce value-added-taxation as well as a levy on tobacco.

The biggest shake-up of Saudi economic policy in recent history coincides with growing regional unrest, including a war in Yemen, where a Saudi-led coalition is battling pro-Iranian Shiite rebels. In attempting to reduce its reliance on oil, the kingdom is seeking to put an end to the population’s dependence on government handouts, a move that political analysts had considered risky after the 2011 revolts that swept parts of the Middle East.

“This is the beginning of the end of the era of free money,” said Ghanem Nuseibeh, founder of London-based consulting firm Cornerstone Global Associates. “Saudi society will have to get used to a new way of working with the government. This is a wake-up call for both Saudi society and the government that things are changing.”"



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5.12.15

At Least 32 Dead in Worst Offshore Disaster since Piper Alpha - Oil and Gas News

At Least 32 Dead in Worst Offshore Disaster since Piper Alpha - Oil and Gas News: "Oil and Gas People has learned that at least 32 People are dead in what has been hailed one of the worst offshore disasters since Piper Alpha.

The incident in the Caspian Sea yesterday happened on Platform 10 on the Guneshli field offshore Azerbaijan. It is believed severe weather ruptured a gas line causing an explosion and huge fire that engulfed the platform.

Rescue was hindered due to 8m waves and strong winds. Just a few hours after the incident and as Oil and Gas People were getting reports of people trapped in lifeboats blown against the platform, a spokesman for the State Oil Company (SOCAR) went on record saying that everyone had been safely evacuated. The region is notorious for controlling the media and very little information has been released by SOCAR who have declined to take our calls."



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3.12.15

SWAT Drill in San Bernardino?

Yesterday evening, everything was about 3 people in an SUV, with one rolling out of the SUV and being arrested by police. Also, once the SUV was surrounded, one person was dead, and the other alive and possibly in custody.

This morning, there is nothing at all mentioned about that. It sounds like an extraction gone wrong...and possibly this family set up as patsies.

BREAKING: SWAT Team Drill Turns into REAL Mass Shooting Scenario in San Bernadino, CA

http://thefreethoughtproject.com/breaking-swat-team-drill-turns-real-mass-shooting-scenario-san-bernadino-ca/

25.11.15

Russian foreign minster calls plane downing ‘planned provocation’ - The Washington Post

Russian foreign minster calls plane downing ‘planned provocation’ - The Washington Post: "Russian Prime Minister Dmitry Medvedev on Wednesday warned that the “damage will be hard to repair.” Russian officials have raised possible responses such as a ban on Turkish airlines or canceling a proposed gas pipeline between the two countries."



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6.11.15

FireEye Shares Tank 14% After Hours On Sales Miss | TechCrunch

FireEye Shares Tank 14% After Hours On Sales Miss | TechCrunch: "Cybersecurity and malware protection company FireEye on Wednesday reported its third quarter sales were $165.6 million, compared to the $167.13 million Wall Street expected.

Despite missing on sales, the company’s losses were not as high as analysts expected. Wall Street thought the company would lose 45 cents per share, but instead the company posted a loss of 37 cents per share.

Investors have overlooked FireEye’s losses in the past due to healthy revenue growth. However that growth has slowed in recent quarters, causing shares to plummet. Today’s low sales number sent stocks diving 14 percent in extended trading."



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8.10.15

Activist Group Pushing For Removal Of New Orleans’ Monuments Tied To #BlackLivesMatter | The Hayride

Activist Group Pushing For Removal Of New Orleans’ Monuments Tied To #BlackLivesMatter | The Hayride: "An activist group seeking the removal of four Confederate-related monuments in New Orleans apparently has ties to the #BlackLivesMatter movement.

The group “STAND With Dignity” is a partner group under the “New Orleans Workers’ Center for Racial Justice” group, which often holds rallies comprised for immigrant and illegal immigrants demanding the state to cease deportations.

STAND With Dignity often uses Twitter to promote the hashtags #BlackWorkersMatter and #BlackLivesMatter. And they usually get what the want.

Most recently, the group was successful in lobbying the New Orleans City Council to increase the city’s minimum wage to $10.55 per hour, a plan bound to hurt businesses across the city, as it has happened in Seattle, Washington."



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VIDEO: An Interview With Andy Weir, The Author Of “The Martian” | The Hayride

VIDEO: An Interview With Andy Weir, The Author Of “The Martian” | The Hayride: "Reason.TV did this, and it’s well worth your time for a number of reasons.

First, before we even get into the meat of Weir’s subject matter and the question of sending people to Mars (and within that, how and why it could be done), the story of how Weir wrote the Martian might be the most interesting part of the interview.

The book actually came about as a series of blog posts. Weir posted chapters of it on his website in serial form, and as he says he ended up with 3,000 factcheckers giving him feedback as he went along. And eventually his readers drove him to make an e-reader version of The Martian, then to post it at Amazon in a Kindle version – which took it from being free to costing 99 cents and Weir pocketing 30 cents in royalties for each copy, and that ultimately resulted in it becoming a bestseller, his finding a literary agent and ending up with a movie deal."



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NEWS  |  Angered by Air Strikes, Turkey's Erdogan Warns Russia on Energy Ties  |  Rigzone

NEWS  |  Angered by Air Strikes, Turkey's Erdogan Warns Russia on Energy Ties  |  Rigzone: " President Tayyip Erdogan, angered by Russian incursions into Turkish air space, has warned Russia there are other places Turkey could get natural gas and other countries that could build its first nuclear plant.

Russian aircraft twice entered Turkish air space at the weekend as Moscow carried out air strikes in Syria. Turkish F-16 jets have also been harassed by Syrian-based missile systems and unidentified planes since then.

"We can't accept the current situation. Russia's explanations on the air space violations are not convincing," the Turkish daily Sabah and other media quoted Erdogan as telling reporters as he flew to Japan for an official visit.

Russia's air strikes in support of President Bashar al-Assad's forces have shifted the balance of power in the Syrian conflict and dealt a blow to Turkey's aspirations of seeing Assad removed from power.

But beyond protesting, there is little Turkey can do."



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2.10.15

Today, all stores in the US should accept chip-and-PIN cards. Yeah, right. | Ars Technica

Today, all stores in the US should accept chip-and-PIN cards. Yeah, right. | Ars Technica: "On top of this, the US credit card industry isn't fully upgrading to the most secure version of EMV. Although new credit cards will have a chip that generates a new code every time the card is used at a terminal, guarding those cards from fraudsters who collect credit card numbers wholesale and reuse them on counterfeit credit cards, card users are also encouraged to set up a PIN and input that number after every transaction.

But issuers like J.P. Morgan Chase and Discover will still allow customers to use a signature to authenticate transactions, and signatures can be forged more easily than PINs. "US bank executives said they are choosing the signature version so customers won’t be burdened at the checkout line to remember a new four-digit code," the Wall Street Journal reported in January. Julie Conroy, research director for retail banking at Aite Group, told CreditCards.com that "It will probably take two to three years to fully convert to chip-and-PIN.""



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