By Nick Cunningham: “The oil and gas industry tried to bully us into backing down, but we took our fight all the way to New York’s highest court,” said a town supervisor. The battle has moved on to other states. A thorny setback for the industry.
Entries by Contributor (613)
By Michael Gorback, M.D.: FB's psychological experimentation on hundreds of thousands of unwitting users is illicit human experimentation and a gross human-rights violation.
Jim Probasco: FB’s big study proved “emotional contagion occurs without direct interaction between people, and in absence of nonverbal cues.” But it lacked just one little thing.
By Don Quijones: Under the guise of austerity, taxes on the middle class and small businesses in Spain and other countries have reached confiscatory levels. But for the wealthy, there is a special deal – and it erupted into a scandal.
By Dan Dicker: The ruling by the Commerce Department to allow two companies to export condensates effectively ends the oil export ban. A decision that is blind to long-term US energy needs. All it does is increase the profits of a few domestic E+P players..
By Amy Gleich: Steal less, invest more, run a fair game, and sell off the pipeline system that Moscow is using to keep Ukraine in line — energy experts at a forum in Kiev.
By David Moenning: After peaks in optimism since 1995, the S&P has lost on average 256 points and never gained until after the next extreme pessimism reading.
By David Stockman: GM blamed a low-level engineer for its ignition switch fiasco. That doesn’t even merit an “oh puleese!” I speak from personal experience: I owned a supplier that was smashed to smithereens by GM’s engineering and purchasing bureaucracy.
By Don Quijones: Quietly, the rules governing global trade and financial markets are being changed. Despite the enormous impact they have on our lives, the public is not consulted. Most people are not even aware it is happening.
By David Stockman: Coach just had an earnings fiasco. Sales plunged 21%. Prospects are worse for the period ahead. Store closings are coming. That's the payoff for playing the destructive game of the Wall Street casino.
By Hilary Barnes: The impression that the French government was not going to cave to trade unions on its reform of the state rail system was wrong. After causing rail chaos for 10 days, trade union militants got what they wanted.
By Jeff Clark: There were no surprises in the Fed’s announcement yesterday. But interest rates may give us one anyway. Take a look at this chart of the 30-year Treasury bond yield.
By Andrew Topf: No-brainer? Thorium is abundant and reactors are more efficient than uranium reactors. They yield less waste, which is also less radioactive. So what's the snag?
By Scott Belinksi: Gazprom’s mega-deal with China sent shockwaves around the world. But Gazprom might not be able to honor the deal if shale reserves are not tapped soon. And that might not happen because capitalism à la russe is a harsh mistress.
By David Stockman: The headline is a thunderbolt: “Fed Looks At Exit Fees On Bond Funds”—exit fees designed to stop small investors from exiting bond funds in a crisis. But it could trigger the very kind of run on bond funds it’s designed to prevent.
By Lee Adler: Here’s something I missed that started back in May, and it just got bigger. It makes me mad as hell. And it should make you mad as hell too.
By David Stockman: These realities reflect a dangerous fiscal and social policy breakdown. They're also thumping proof that monetary policy has exactly nothing to do with employment conditions and job creation.
Executive Report, ISA Intel: OPEC’s 2nd largest producer has the 5th largest reserves in the world and is one of the last places with enormous amounts of underexplored low-cost oil.
By Don Quijones: When it comes to creative accounting, few can hold a candle to Spain's finance minister Cristobal Montoro, who unveiled his latest scheme to “grow” the economy: adding prostitution and illegal drugs to GDP to solve a host of urgent problems.