Five oil projects boost Rosneft presence in Iraqi Kurdistan
Russia rebuilds Iraq's energy sector in areas freed from ISIS militants Rosneft says half of the investment could be repaid in oil pumped from the deposits.As part of the deal, the Russian company will jointly develop five oil blocks in the region, getting an 80 percent stake.“The new agreements will allow us to talk about the full-fledged entry of the company in one of the most promising regions,” according to the company.The terms of the deal are similar to those made by the Kurdistan Regional Government (KRG) with other international companies, according to Rosneft.The company said a ‘conservative’ estimate puts recoverable oil reserves in the five blocks at 670 million barrels.Last month, Iraqi Kurds voted for independence from Baghdad with the disputed oil-rich Kirkuk province … [READ MORE...]
Senators Demand Online Ad Disclosures as Tech Lobby Mobilizes
“They have to realize the world has changed,” Ms. Klobuchar said.Since 2006, most online political activity has been exempt from the rigorous regulations to which paid television, radio and print political advertising have been subject for years. The Federal Election Commission justified the so-called internet exemption rule by declaring the internet “a unique and evolving mode of mass communication and political speech that is distinct from other media in a manner that warrants a restrained regulatory approach.”That attitude has many fewer adherents after the revelations that, in the run-up to the 2016 election, Facebook sold more than $100,000 worth of ads to a Russian company linked to the Kremlin, while Google sold at least $4,700 worth of ads to accounts believed to be connected to … [READ MORE...]
Entrepreneurship: As ‘Unicorns’ Emerge, Utah Makes a Case for Tech Entrepreneurs
“Founders viewed their companies like they’re building the family business or a farm — they’re building them to keep,” said Ryan Smith, the founder of Qualtrics, a data analytics company that focuses on surveys and other research for corporate and academic clients. “With no outside funding, there’s no lifeline and you have to figure it out on your own.” AdvertisementContinue reading the main storyOne reason for the growth, said Mark Gorenberg, a venture capitalist with Zetta Venture Partners in San Francisco, is the emphasis that some start-ups have placed on data analytics — a growing field that has helped put the state on the map. E-commerce companies, as well as those specializing in medical devices and cloud computing, have also flourished.As the local tech community has grown, … [READ MORE...]
Latest News
China’s Reform Hopefuls Watch for Names. Only One May Matter.
Photo A worker in the city’s decrepit steel mill. Credit Billy H.C. Kwok for The New York Times Still, when the party’s congress closes next week, world economic leaders may glean some clues about China’s direction depending on who is named to the Politburo Standing Committee, the seven-person group that makes its top decisions.Should Mr. Wang be named to the committee, that could suggest a slightly greater … [Read More...]
China’s Economy Grew Steadily, Thanks to Loans and Homes
China’s debt has soared over the past decade as banks and other lenders, working at the urging of Beijing, turned on money spigots to fuel growth. That has led to worries about the stability of the financial system powering the world’s second-largest economy.Chinese debt accumulation had slowed in some recent quarters, suggesting that the country’s leaders were getting a handle on the problem. But some Western experts are skeptical that China has really done much.“While recent policies to … [Read More...]
The Economy Is Humming, but That May Not Win Janet Yellen Another Term
“The economy is humming along,” said Julia Coronado, president of MacroPolicy Perspectives, a New York economic research firm. “The markets are humming along. Given all the other stuff that’s going on, why mess with that?”Mr. Trump is considering four candidates to replace Ms. Yellen. On that short list: Gary D. Cohn, the president’s chief economic adviser; Jerome H. Powell, the only Republican on the Fed’s board of governors; John B. Taylor, a Stanford University economist who has criticized … [Read More...]
A MacArthur ‘Genius’ on Overcoming Modern Farm Slavery
I went to Haiti after school and worked for three years with a peasant movement that was trying to build democracy. There was a remarkable effort by peasant organizations in the countryside, by unions in the cities, to mobilize a population that had never voted in a real election. I got to be a part of that process.I learned Creole and came back to the States. Then a couple years later, my wife was working with farmworkers in Pennsylvania, and she got involved with some Haitian workers who were … [Read More...]
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Small Business
Entrepreneurship: As ‘Unicorns’ Emerge, Utah Makes a Case for Tech Entrepreneurs
“Founders viewed their companies like they’re building the family business or a farm — they’re building them to keep,” said Ryan Smith, the founder of Qualtrics, a data analytics company that focuses on surveys and other research for corporate and academic clients. “With no outside funding, there’s no lifeline and you have to figure it out on your own.” AdvertisementContinue reading the … [Read More...]
Entrepreneurship: A Paintbrush in One Hand, and a Drink in the Other
“We don’t really see this trend ending anytime soon,” said Marci Freede, who opened the Paint Place on the Upper West Side of Manhattan in 2014 and added a second location, in Astoria, Queens, last year.Photo Paper plates served as palettes at Painting With a Twist. “It’s just relaxing,” said a woman who attended a session in August. “I’m a teacher’s aide, so I need some … [Read More...]
Your Money
Before You Pay for Financial Advice, Read This Guide
All of this means that the onus remains on savers to ensure the professional they choose is the right one. AdvertisementContinue reading the main storyHere are several questions to ask yourself when considering paying for financial advice.What kind of adviser should I work with?If you’re thinking about hiring a financial planner, read this primer first.You’ll want to hire the type of … [Read More...]
Wealth Matters: Your Child’s Tuition Is Paid While You’re in Tahiti
When Mr. Ross and his wife sailed their yacht Restless on a six-month journey that took them from the Caribbean through the Panama Canal and on to the Galápagos, Tahiti and New Zealand (with several land stops along the way), “It was nice to know someone was looking after our stuff,” he said. AdvertisementContinue reading the main storyHe set up a bank account and gave Total Personal … [Read More...]