Big banks are cringing as crude oil is crumbling.
Now that the oil glut has caused prices to crash below $30 a barrel, turmoil is rippling through the energy industry and souring many of those loans. Dozens of oil companies have gone bankrupt and the ones that haven’t are feeling enough financial stress to slash spending and cut tens of thousands of jobs.
Saudi Arabia’s economic war on America’s oil industry will soon start to show its effect. Declining prices mean less profit. Less profit means operating costs, mainly wages, are unsustainable. Unustainable operating costs mean layoffs and bankruptcies. This leads to collapse of the oil industry.
Three major investment banks — Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc. — now expect the price of oil to crash through the $30 threshold and into $20 territory in short order as a result of China’s slowdown, the U.S. dollar’s appreciation and the fact that drillers from Houston to Riyadh won’t quit pumping despite the oil glut. Continue reading
Part 3: The Chinese government controls much of the content broadcast on a station that is blanketing the U.S. capital with pro-Beijing programming. WCRW is part of an expanding global web of 33 stations in which China’s involvement is obscured.
BEIJING/WASHINGTON – In August, foreign ministers from 10 nations blasted China for building artificial islands in the disputed South China Sea. As media around the world covered the diplomatic clash, a radio station that serves the most powerful city in America had a distinctive take on the news.
Located outside Washington, D.C., WCRW radio made no mention of China’s provocative island project. Instead, an analyst explained that tensions in the region were due to unnamed “external forces” trying “to insert themselves into this part of the world using false claims.”
Behind WCRW’s coverage is a fact that’s never broadcast: The Chinese government controls much of what airs on the station, which can be heard on Capitol Hill and at the White House. Continue reading
HOUSTON, Texas – Armed Black Panther members marched in front of the Waller County jail and shouted, “You’re gonna stop doing what you’re doing, or we will start creeping up on you in the darkness.”
The statement was made just two weeks prior to the assassination of a Harris County deputy sheriff.
Shannon Miles, a black male, allegedly came “creeping up” behind Harris County Deputy Darren Goforth in the darkness on the night of August 28. While Goforth stood at a convenience store pumping gas into his patrol vehicle, Miles allegedly raised a pistol and shot him dead. Continue reading
Please see the website source for more videos as there are too many to post here.
Despite tough rhetoric from national and Texas leaders, the vast majority of the U.S.-Mexico border remains unsecured. Areas with frighteningly insufficient security are of particular concern in the state of Texas, largely due to differences in the nature between the transnational criminal organizations that control Mexico immediately south of Texas and the organizations that control the border in New Mexico, Arizona, and California. To be specific, foreign terrorists would likely enter the U.S. through Texas because the behavior of the transnational criminal groups we more commonly call the Gulf cartel and the Zetas cartel routinely indicate that they are more interested in short-term gains and profit-making than long-term profit sustainability, unlike the various other transnational criminal groups that align themselves under the banner of the Sinaloa Federation. A willingness to accept a large sum of money from a terrorist or group, regardless of the fact that it would lead to a temporary shutdown of the U.S.-Mexico border in the area where the illegal crossing occurred, would be necessary on the part of a specific cartel in order for them to allow such a crossing — and crossings rarely occur unless a cartel allows it. Continue reading
Someone jabbed him with a needle in an airport in Nigeria. Was it the beginning of a new type of terrorism?
The terminal at Murtala Muhammed International Airport in Lagos, Nigeria, was packed. Inside, a small team of U.S. air marshals wormed its way through the crowd. They had a plane to catch: United Flight 143 to Houston. It was Sunday, Sept. 7, and that was the day’s mission.
The exact size of this group of air marshals is an operational secret. Even how many people are employed by the federal air marshal service is not shared. But the number has certainly grown since the attacks of Sept. 11, 2001, renewed fear of hijacked planes.
The air marshals in Lagos were following an expediter – a Nigerian airport worker charged with guiding them through the terminal and helping them get through security, said Jon Adler, president of the Federal Law Enforcement Officers Association. But the air marshals were having trouble keeping up. They kept losing sight of the expediter. He was moving too fast. The air marshals were walking through the airport, nearly to the security checkpoint, other travelers passing them in every direction, jostling for space, when two men approached from the opposite direction. These two men didn’t stand out, until they brushed past the U.S. agents.
It happened in a flash, Adler said. One of the men jabbed a hypodermic needle into the arm of an air marshal and then melted into the crowd, he said. No shouting. No fighting. It took a moment to even realize what had occurred. By then, the two passing men had disappeared. Continue reading
UPDATE: Texas Governor Rick Perry, Lt. Gov. David Dewhurst, and Speaker Joe Straus today directed the Texas Dept. of Public Safety (DPS) to immediately begin law enforcement surge operations on the Texas/Mexico border. The DPS will attempt to combat the flood of illegal immigration into the state in the absence of adequate federal resources to secure the border. State leaders have authorized approximately $1.3 million per week to fund border security operations.
HOUSTON, Texas—State Representative Debbie Riddle (R-Tomball) told Breitbart Texas she spoke with Governor Rick Perry’s (R-TX) Office and they confirmed the surge to deal with the Texas border crisis is about to begin. Details are not available at this time, but Riddle said, “It is going to happen.” Continue reading
Marc Gilbert got a horrible surprise from a stranger on his 34th birthday in August. After the celebration had died down, the Houston resident heard an unfamiliar voice coming from his daughter’s room; the person was telling his sleeping 2-year-old, “Wake up, you little slut.” When Gilbert rushed in, he discovered the voice was coming from his baby monitor and that whoever had taken control of it was also able to manipulate the camera. Gilbert immediately unplugged the monitor but not before the hacker had a chance to call him a moron. Continue reading
Today, beginning at 8 a.m. in Bryant Park, scheduled events include teach-ins, art performances and a staging area for “direct action and civil disobedience,” such as bank blockades.
Occupy-related events are planned in 115 cities throughout the U.S., from college towns such as Amherst, Massachusetts, and Ann Arbor, Michigan, to Los Angeles, Houston, Chicago and Philadelphia.
In San Francisco, a group calling itself the Golden Gate Bridge Labor Coalition abandoned a plan to close the span while carrying on with a day of picketing to support bridge, ferry and bus workers seeking reduced health-care benefit costs, according to its website. Protesters still plan a rally at 7 a.m. at the toll plaza, without blocking the bridge, the group said in a statement.
Across the bay in Oakland, protesters said they intend morning marches on banks and the Chamber of Commerce, followed by an afternoon rally and a march downtown.
Full article: Occupy Wall Street Plans Global Protests in May Day Resurgence (Bloomberg)