Libya’s worn-out pipelines may give more relief to battered oil market
The troubled pipeline, linking the Samah and Dahra fields to the Es Sider oil terminal, was closed for maintenance on Sunday, the National Oil Corporation (NOC) said. The company explained that multiple leaks were found in the “worn out” pipeline, and it could take up to two weeks to fix it. However, it hopes that the operator of the link, Waha Oil company, can finish the work earlier, in seven to ten days. Also on rt.com Libya throws ONE MILLION barrels of oil into already oversupplied market The recent drop in production wiped out around 16 percent of the nation’s daily oil output, bringing it to around one million barrels per day (bpd). However, the NOC warned that it lacks funds to carry out the repairs at some other sites that … [READ MORE...]
True-Crime Podcast Puts Spotlight on Irish Coach Accused of Abuse
Since then, numerous Irish pedophiles have faced successful prosecution on even older charges, based mainly on victim testimony.In the late 1990s, the Irish police investigated other child sex assault allegations against Mr. Gibney, but public prosecutors declined to press charges or seek his extradition, according to Justine McCarthy, a journalist for The Sunday Times of London and author of “Deep Deception,” a 2009 book about sexual abuse scandals in Irish swimming.When asked for comment, the Office of the Director of Public Prosecutions, an Irish government agency, said it “does not comment on individual cases.”No criminal complaints or charges have been brought against Mr. Gibney in the United States. But Ms. McCarthy said she had interviewed an Irish woman — once a prospect for … [READ MORE...]
Big Tech Has Helped Trash America
And tech has certainly helped trash the place — the place being America.Hence, the need for reinvention, which I discussed with Mayor Francis Xavier Suarez of Miami last month. It seems like an eternity has passed since our conversation — yet it still resonates.I had called the peppy pol because of the spate of attention that the Florida city has gotten recently after a bunch of well-known Silicon Valley investors — like Keith Rabois and Shervin Pishevar — had relocated there from the Bay Area to begin anew.Remember “Miami Vice,” the TV crime drama set in Florida that was an ’80s phantasmagoria of white suits, fast speedboats and a whole lot of artisanal beard stubble? Now, decades later, consider the latest trend: Miami VC.Mr. Suarez, a young Republican rising star, has garnered a lot of … [READ MORE...]
Latest News
Is Inflation About to Take Off? That’s the Wrong Question
If, for example, the overall Consumer Price Index rises through May at a rate consistent with 2 percent annual inflation, it will show a 3.2 percent year-over-year rise from the depressed May 2020 level. That would be the highest level since 2011 — but would also be misleading, a result of “base effects” rather than the true longer-term trajectory of prices.For quite a few individual products and services, those numbers will look even more extreme. The price of home natural gas service is on … [Read More...]
Is Inflation About to Rise? That’s the Wrong Question
If, for example, the overall Consumer Price Index rises through May at a rate consistent with 2 percent annual inflation, it will show a 3.2 percent year-over-year rise from the depressed May 2020 level. That would be the highest level since 2011 — but would also be misleading, a result of “base effects” rather than the true longer-term trajectory of prices.For quite a few individual products and services, those numbers will look even more extreme. The price of home natural gas service is on … [Read More...]
‘We Need to Stabilize’: Big Business Breaks With Republicans
But last week seemed to be a breaking point. Big business could evidently tolerate working with Mr. Trump despite his chauvinism, his flirtations with white nationalism and his claims of impunity, but the president’s apparent willingness to undermine democracy itself appeared to be a step too far.“This thing was a little different. I mean, we had sedition and insurrection in D.C.,” said Jamie Dimon, the chief executive of JPMorgan Chase. “No C.E.O. I know condones that in any way, shape or form. … [Read More...]
Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn
“Out of all the peril of this moment, I want you to know I see the promise,” Mr. Biden said. “I’m as optimistic as I’ve ever been.”The plan was lauded by progressive groups as well as by the nation’s leading business lobby, the U.S. Chamber of Commerce, which was often at odds with the Obama administration over spending and regulations. “We applaud the president-elect’s focus on vaccinations and on economic sectors and families that continue to suffer as the pandemic rages on,” the chamber said … [Read More...]
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Small Business
Big Tech Has Helped Trash America
And tech has certainly helped trash the place — the place being America.Hence, the need for reinvention, which I discussed with Mayor Francis Xavier Suarez of Miami last month. It seems like an eternity has passed since our conversation — yet it still resonates.I had called the peppy pol because of the spate of attention that the Florida city has gotten recently after a bunch of well-known Silicon … [Read More...]
When Can I Apply for a P.P.P. Loan?
She did not directly mention the Paycheck Protection Program — the largest lending program by far in the agency’s nearly 70-year history — but she acknowledged the turmoil many companies are experiencing.“So many small businesses across the country have been devastated by the pandemic and economic crisis,” Ms. Guzman said. “A disproportionate impact has fallen, as it often does, on our businesses … [Read More...]
Your Money
The Estate Tax May Change Under Biden, Affecting Far More People
If this change came to pass, people of greater wealth might switch the assets they put into trust, said Edward Reitmeyer, a partner in charge of tax and business services at Marcum, an accounting firm. People with access to more sophisticated planning could put assets with greater embedded capital gains into a trust and leave others — like cash — directly to heirs.This strategy would minimize the … [Read More...]
How to Pay Off Credit Card Debt
Other financial planners suggest paying off the one with the smallest balance, which can give you a sense of accomplishment and encourage you to keep going.You can also consider consolidating credit card debt, perhaps with a lower-rate personal loan, to make payments more manageable, Ms. McAvoy said. Having just one bill to pay may be less stressful, she said.If you can find a card with a … [Read More...]