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Nigeria’s <b>oil</b> exports to slip in October

August 19, 2017 http://crude-oil.top/ 0

The Nigerian National Petroleum Corporation raised official selling prices in September for Bonny Light and Qua Iboe crude oil to dated Brent plus 48 …

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Angola on cusp of change after 40-year journey from Marxism to crony capitalism

August 19, 2017 http://crude-oil.top/ 0

The state, Africa’s second-biggest producer of crude oil, has been hit hard by the global fall in oil prices, with revenues crashing from $60bn three …

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Missouri Senator Who Said “I Hope Trump Is Assassinated” Refuses To Resign

August 19, 2017 Tyler Durden 0

The Missouri State Senator who published a Facebook post calling for President Donald Trump’s assassination is refusing to resign despite finding herself in hot water with both the Secret Service and her fellow Democrats, according to the Kansas City Star.

In her response, State Sen. Maria Chappelle-Nadal struck what the newspaper described as a “defiant” tone, saying that she published the post out of “anger and frustration” after President Donald Trump said “both sides” were to blame for an attack in Charlottesville Va. last weekend that killed one counter-protester and injured more than 20 others. She explained that it would be hypocritical for her to be punished for her speech when Trump makes similarly offensive comments on a regular basis.

“Out of anger and frustration, I said something that could have been reframed,” she said. “And I refuse to shy away from the hypocrisy and chaos our country is enduring under Trump.”

Somewhat ironically, Chappelle-Nadal accused the White House of “traumatizing” people of color, saying in a tweet that “when (people of color) are respected by this (White House) & they are willing to do real work, I’ll sit down with them. People are traumatized!”

I am not resigning. When POC are respected by this WH & they are willing to do real work, I’ll sit down with them. People are traumatized! https://t.co/rmsL4pQSTg

— MariaChappelleNadal (@MariaChappelleN) August 18, 2017

Several of Missouri’s top Democrats, including Missouri Democratic Party Chairman Stephen Webber and US Senator Claire McCaskill, who is one of 10 Democratic senators from a state won by Trump, joined the growing chorus of local lawmakers insisting that Chappelle-Nadal should go, according to the Hill.

“The Missouri Democrat told CBS News that she thought Democratic state Sen. Maria Chappelle-Nadal’s Facebook post, in which she said, “I hope Trump is assassinated,” was “outrageous.”

 

‘I condemn it. It’s outrageous,” McCaskill said. “And she should resign.’”

Even House Minority Leader Gail McCann Beatty, the Missouri legislature’s highest-ranking black Democrat, joined calls for Chappelle-Nadal’s resignation, saying she had “foreited the right” to hold office.

“Also calling for her resignation was House Minority Leader Gail McCann Beatty, a Kansas City Democrat and the highest-ranking black lawmaker in Missouri.

 

‘Suggestions of violence have no place in our political discourse, and an elected official who expresses hope for someone’s murder has forfeited the right to hold office,’ McCann Beatty said. ‘Given state Sen. Maria Chappelle-Nadal’s repugnant social media post suggesting the president should be assassinated, she must resign.”

Meanwhile, the Missouri Legislative Black Caucus said it “does not condone” her comments, but stopped short of calling for Chappelle-Nadal to resign.  

“Although we hold both offices in very high respects, their inappropriate behavior and disturbing comments only act as catalyst for more violence and racial division in our country.”

If she doesn’t go willingly, Chappelle-Nadal’s colleagues in the senate could vote to expel her using a provision of the Missouri Constitution that requires a two-thirds vote. Missouri Gov. Eric Greitens has already endorsed her expulsion.

 “Lt. Gov. Mike Parson’s office said Friday that he would call for Chappelle-Nadal’s expulsion from office under Article III, Section 18 of the Missouri Constitution, which allows the Senate to expel a member with a two-thirds vote.

Gov. Eric Greitens endorsed her removal by Senate vote in a statement Friday: “Senator Chappelle-Nadal said she hopes the President is killed. Republicans and Democrats have called on her to resign. Her response: ‘Hell no.’ Last night, in an interview, she refused to apologize — twice.

‘If she will not resign, the Senate can vote to remove her. I believe they should.’”

The controversy started last week when Chappelle-Nadal posted, then deleted a comment on Facebook which read, “I hope Trump is assassinated!” Unfortunately, as Chappelle-Nadal should have learned by now, the internet never forgets, and the St. Louis Post-Dispatch managed to get its hands on the post and published it.

The Secret Service, which tends to take threats on the life of the President seriously, has already confirmed they’re investigating the situation.

“The U.S. Secret Service is investigating a Facebook post from Missouri state Sen. Maria Chappelle-Nadal, D-University City, in which she stated: “I hope Trump is assassinated!”

 

The U.S. Secret Service’s St. Louis field office “is looking into this,” the office confirmed.

 

Kristina Schmidt, special agent in charge, told the Post-Dispatch that “hypothetically” in such investigations, agents try to “determine intent, to determine if there was a violation of federal law. If there is, then we refer it to the U.S. Attorney.”

 

‘Our primary goal is to determine if there is intent and meaning behind it,’ Schmidt said.”

As the pressure to resign or be fired continues to intensify, we suspect Chappelle-Nadal will be updating her LinkedIn page in the very near future, despite the best efforts of the fledgling “I Stand With Maria” movement, which is probably just her immediate friends and family, anyway.
 

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Love Fest in Boston: Trump Shows Support for ANTIFA Shutting Down Free Speech Rally

August 19, 2017 The_Real_Fly 0

Content originally published at iBankCoin.com
 

I am sure this is just another case of 400DD inter-galactical chess. Before we delve into today’s alt-right embarrassment in Boston, it’s important to note that Trump’s White House is, quite literal…

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Did Stocks Just ‘Cross The Median’?

August 19, 2017 Tyler Durden 0

Via Dana Lyons’ Tumblr,

A key broad market gauge is potentially breaking a major line of support.

If you’ve followed us for awhile, you probably know about our affinity for the Value Line Geometric Composite (VLG). The VLG is an equally-weighted index of approximately 1700 U.S. stocks. It’s unique in its construction as it essentially tracks the performance of the median stock in its universe. As such, its construction makes the index particularly useful in monitoring the health of the overall stock market in the U.S. And if that is indeed the case, the market may be showing the initial symptoms of getting sick.

We say this because of a troubling development on the VLG’s chart. Following the presidential election last fall, the VLG surged to a new 52-week high, challenging its all-time highs in the process. It would run out of steam in December, however, and subsequently entered into an 8-month sideways trading range.

In late July, the VLG was able to finally break out to new highs, along with a barrage of other indices. However, at least for the VLG and other small and broad market averages, the breakout proved short-lived. By the end of July, the VLG had lost its breakout position and had dropped back into the former trading range. Throughout the first half of August, if the VLG continue to slide lower within the range. During last week’s selloff, the VLG was able to hold the bottom of its trading range near 508. The index was not so lucky during yesterday’s decline.

As our Chart Of The Day shows, the VLG closed yesterday below the bottom of its 8-month trading range.

So what is the technical significance of this development? Is it the end of the road for the bull? First of all, it confirms the late-July false breakout and projects a move lower. Secondly, the loss of the range support opens the door for such a move. Just how much of a drop are we talking about? And can a recovery negate this breakdown?

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Live Ventures Inc (LIVE) Showing Negative Momentum in the Technicals

Live Ventures Inc (LIVE) Showing Negative Momentum in the Technicals
Rockville Register – 1 hour ago
Shares of Live Ventures Inc (LIVE) recently touched 10.60, which places the stock below the Ichimoku cloud, indicating bearish momentum and a poten…

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“What Is Happening To Our Young People?” Teenage Drug Deaths Surge 20%

August 19, 2017 Tyler Durden 0

There has been no shortage of depressing headlines tied to America’s opioid epidemic, and to that list we can add one more: A new study has found that the number of teens who died from overdoses climbed by nearly 20% in 2015 after declining for seven straight years, according to the Guardian. But while men represent two-thirds of all drug-related deaths, the recent climb in teenage fatalities has been disproportionately driven by women, as the Guardian explains.

“The jump in fatalities was driven by heroin and synthetic opioid use and by an increasing number of deaths among teenage girls. Deaths among teenagers represent a tiny portion of drug overdose deaths nationally – less than 2%.”

Last week, President Donald Trump informally declared the opioid epidemic a national emergency, and pledged to formulate a plan of action to curb the rising death toll. Presumably, the administration will follow some, if not all, of the recommendations made by a Commission on Combating Drug Addiction and the Opioid Crisis. Led by New Jersey Gov. Chris Christie, the commission offered a few strategies for combating the epidemic in a preliminary report released earlier this summer. The recommendations include granting Medicaid waivers to all 50 states, allowing them to quickly eliminate barriers to drug treatment, and funding a federal incentives program to increase access to medication-assisted treatment programs.

The study’s authors said they wanted to document the falling death rate among teenagers. However, it appears the data had other plans.

“We wanted to document that in this age group there had been a decline [in deaths],” said Sally Curtin, lead author of the study. “The trends were unique for this age group. But, once again, it did increase again between 2014 and 2015.”

The rate of teenage drug-related deaths declined by 27% between 2007 and 2014 even as the rate for all Americans skyrocketed. But most of that decline was reversed by the jump in fatalities that occurred during 2015. Like the broader crisis, the surge in teenage deaths has been driven by powerful synthetic opioids like fentanyl and carfentanil which can be as much as 100 times more powerful than morphine.

The report looked at the rate of overdose deaths for teens aged 15-19 between 1999 and 2015. Researchers found the rate of teens who died from a drug overdose dropped 26% between 2007 and 2014. Among boys, the death rate fell by one-third. But in 2015, the rate of overdoses among American teens increased by almost one-fifth. That year, 772 teens died of drug overdoses. The number of deaths in 2014 was 658, according to the Guardian.

Infographic: Teen Overdose Deaths Doubled From 1999 To 2015 | Statista

You will find more statistics at Statista

While the rate of teen boys overdosing dropped dramatically in the last decade, the rate of overdoses among girls held steady and then increased in the last two years. As one might expect, the fall in rates of drug-related deaths mirrored a decline in rates of drug use among teens – a trend that has persisted for nearly two decades.

“Indeed, fewer teens reported even trying drugs. A 40-year-running, nationally representative survey called Monitoring the Future recently recorded the lowest rates of drug, alcohol and tobacco use among middle and high school students since the 1990s.

 

The trend prompted researchers to question whether smartphones might be replacing the inclination of previous generations of teens to abuse drugs.”

The jump in fatalities was driven by heroin and synthetic opioid use and by an increasing number of deaths among teenage girls, who were twice as likely to die from intentional overdoses than their male peers.

“Traci Green, a professor at Brown University School of Medicine who studied the drug use habits of college-aged Rhode Islanders, said that the study reflects “a very messy use environment” in which heroin may be tainted with the synthetic opioid fentanyl, fentanyl may be pressed into illegal pills, and users may mix drugs such as opioids and benzodiazepines (typically used to treat anxiety).

 

“It is of course very upsetting and worth thinking about what is happening with our young people – your young men and your young women,” Green said. Deaths among “young women, we have known for a long time, happen for different reasons and present differently”.

Though the data examined in the study predates their deaths, two 13-year-old boys in the Utah ski-resort town of Park City died late last year after ingesting a synthetic opioid called U-47700, better known as “pinky.” It’s believed the boys obtained the drug legally by ordering it from a Chinese lab over the internet.

Their deaths made national news, and drew attention to what’s probably the most significant cause of the spike in teenage deaths: The fact that, thanks to the dark web, it’s now easier than ever for teens to order deadly drugs over the internet and have them shipped straight to their home.

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When Haters Hijack History

August 19, 2017 Tyler Durden 0

Authored by Ned Barnett via AmericanThinker.com,

Is anything and everything related to the Confederacy be wiped from the face of the earth?  Doing so, these radicals risk losing sight of American history.

True, there were some Confederates who were virulent racists.  Nathan Bedford Forrest, an untutored cavalry genius and perhaps the best cavalry leader of the war, was a former slave trader. He was so lost to hatred that he massacred black Union soldiers he’d captured at Fort Pillow.  After the war, he founded the KKK.  Anybody who still honors Forrest for his exceptional war-fighting ability is either psychotic or ignorant.

However, there were other Confederates who cared nothing for slavery, including General Robert E. Lee, the focus of the Charlottesville brouhaha. At the start of the war, President Lincoln – clearly no friend of slavery – offered Lee – the pre-eminent soldier of his generation – the command of the entire Union Army.  Lee, who in early 1861 had opposed the creation of the Confederacy, graciously refused his President’s request, not because he supported slavery – he didn’t – but because he would not fight against his home state.  He told Presidential advisor Francis P. Blair:

“I look upon secession as anarchy. If I owned the four millions of slaves in the south I would sacrifice them all to the Union [here, Lee did not mean “human sacrifice,” but instead freedom for those four million slaves]. But how can I draw my sword upon Virginia, my native state?”

Late in the war, Lee strongly advocated to Jefferson Davis – as well as to individual slave-holders – that slaves should be freed on the condition that they enlist in and fight for the Confederacy.

Lee and his immediate family opposed slavery.  His wife and mother-in-law were active in a pre-war Christian Southern movement to liberate slaves, relocating them to Liberia.  Lee’s wife and daughter set up an illegal school for slaves at Arlington Plantation, teaching them to read the bible.  On December 27, 1856, Lee wrote to his wife Mary Anna Lee:

“… In this enlightened age, there are few I believe, but what will acknowledge, that slavery as an institution, is a moral & political evil in any Country. It is useless to expatiate on its disadvantages.”

In 1862, Lee freed the remainder of the family’s slaves, many of whom were direct descendents of slaves owned by the adopted grandson of President George Washington.

Despite this, it would be inaccurate to view Lee as an active abolitionist. Like many Christian Southerners of his class and station, he felt slavery was a moral wrong, one that God would sort out in His own time.  Lee had other priorities.  Yet despite his willingness to free his family’s slaves, as well as to free and enlist slaves into his Army, and despite his post-war support of civil rights for blacks, far-left radical racists still want to banish Lee from America.

Where does this hijacking of American history take us?

Statue of a Confederate soldier toppled by a mob in Durham, NC

The far-right racist Nazis and Klukkers want to enshrine their spiritual father, Nathan Bedford Forrest as a hero for his undoubted gifts as a cavalry leader – as well as for founding the KKK.  Fortunately, no matter how many violent rallies they hold, this will never happen.  They will not succeed.

However, the far-left racists from Black Lives Matter have enough media credibility to push for more dramatic changes, and they’ve already begun to succeed.  Having triumphed over Confederate heroes and symbols, they are now targeting our twelve slaveholding Presidents.  Those Presidents whose honors are – or will soon be – on the chopping block include:

  • George Washington, who in his will freed all his slaves

  • Thomas Jefferson, who actively opposed slavery and freed some slaves in his will

  • James Madison, who did not free his slaves or actively oppose slavery

  • James Monroe actively opposed slavery and supported the creation of Liberia, a homeland in Africa for freed slaves – its capital, Monrovia, is named for him

  • Andrew Jackson, who owned slaves and may have been a slave trader, never freed any slaves

  • Martin Van Buren’s father owned six slaves. The President owned one slave, Tom who escaped to the north, and – after Tom was caught – Van Buren insisted he remain free.  Politically, Van Buren opposed the expansion of slavery to western territories

  • William Henry Harrison inherited several slaves and lobbied to extend slavery to Indiana – this was opposed by slave-holding President Thomas Jefferson

  • John Tyler considered slavery evil, but he owned slaves and did not free them

  • James K. Polk owned slaves – his will would have freed them, but Lincoln ended slavery before Polk’s will could be executed

  • Zachary Taylor owned slaves but resisted the expansion of slavery into the territories – he may have been poisoned by slavery advocates

  • Andrew Johnson owned a few slaves and successfully pushed Lincoln to exempt Tennessee from the Emancipation Proclamation

  • Ulysses S. Grant’s wife inherited a few slaves, and Grant owned one slave for two years – yet despite crushing financial need, Grant freed that one slave in 1859. During the war, he enlisted slaves into his army and paid them for their service; after the war, he pushed for civil rights for former slaves, and for American Indians

Using the far-left Black Lives Matter movement’s flawed logic, our nation’s capital – along with one of our states – will have to change their names. 

The monument built to honor our first President will have to be torn down.  Yes, President Washington despised slavery and wrote often of his desire to abolish it, but obviously, that isn’t enough.  Joining President Washington’s “dethroning” will have to be President Jefferson. Will we have to abandon the Declaration of Independence, which he wrote?  Clearly, Monticello must be torn down, while the University of Virginia in Charlottesville will have to renounce its founder.  Ultimately, all twelve slave-owning Presidents will find their statues ripped down, their names banished from public property, and their real merits lost to history.

While nobody with any sense can find any logic in the far-right racist groups like the Nazis or the Klukkers, Black Lives Matters’ media power – and the fear many have of being labeled a racist for opposing them – will continue to give haters on the far left the power to rewrite American history.

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Lord Rothschild: “Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk”

August 19, 2017 Tyler Durden 0

One year ago, the financial world was abuzz when the bond manager of what was once the world’s biggest bond fund had a dire prediction about how “all of this” will end (spoiler: not well).

Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode one day

— Janus Henderson U.S. (@JHIAdvisorsUS) June 9, 2016

Two months later, it was the turn of another financial icon – if from a vastly different legacy and pedigree – that of Rothschild Investment Trust Chairman himself, Lord Jacob Rothschild, who echoed Bill Gross with an unexpectedly gloomy warning in his 2016 half-year financial report, saying that central bankers are continuing “what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.

His outlook was just as gloomy: “the geo-political situation has deteriorated with the UK having voted to leave the European Union, the presidential election in the US  in November is likely to be unusually fraught, while the situation in China remains opaque and the slowing down of economic growth will surely lead to problems. Conflict in the Middle East continues and is unlikely to be resolved for many years. We have already felt the consequences of this in France, Germany and the USA in terrorist attacks.”

One year later, the scion of the most (in)famous name in all of finance, is back and in his latest letter to RIT Capital Partners investors,  Lord Jacob Rotschild has released what is perhaps his gloomiest outlook ever; here are the highlights:

We do not believe this is an appropriate time to add to
risk. Share prices have in many cases risen to
unprecedented levels at a time when economic growth is
by no means assured. The S&P is selling at 25 times
trailing 12 months’ earnings, compared to a long-term
average of 15
, while the adjusted Shiller price earnings
ratio, which averages profits over 10 years, is
approximately 30 times.  

 

The period of monetary
accommodation may well be coming to an end.
Geopolitical problems remain widespread and are proving
increasingly difficult to resolve. We therefore retain a
moderate exposure to equity markets and have
diversified our asset allocation towards equity
investments where value creation is driven by some
identifiable catalyst or which are exposed to longer-term
positive structural trends.

Furthermore, Rothschild continued the shift away from US capital markets exposure announced one year ago, noting that “we have a particular interest in investments which will benefit from the impact of new technologies, and Far Eastern markets, influenced by the growing demand from Asian consumers.” What is surprising is how aggressively Rothschild has cut its allocation to US-denominated assets in just the past 6 months.

Not surprisingly, RIT’s investment portfolio continues do quite well, and has now returned over 2,200% since inception

Below is a snapshot of where every hedge fund wants to end up: the Rothschild investment portfolio.

Finally, for all those wondering where the Rothschild family fortune is hiding, here is the answer.

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‘Voice of reason’: Arab tweeps welcome Qatar’s Sheikh Abdullah as possible mediator to end rift with Doha

August 19, 2017 rbksa 0
Author: 
ARAB NEWS
Sun, 2017-08-20 03:00
ID: 
1503174219436272700

JEDDAH: Following a series of high-profile meetings with the Saudi leadership, which resulted in King Salman ordering the easing of border restrictions and offering to cover all costs for Qatari pilgrims who wish to embark on this year’s Hajj, the recently-launched Twitter account of Sheikh Abdullah bin Ali Al-Thani, a senior member of the Qatari royal family, became an instant hit among Arabs who voiced hope that he could achieve a full reconciliation between Doha and members of the Anti-Terror Quartet (ATQ), including Saudi Arabia, the UAE, Bahrain and Egypt.
Last night, Sheikh Abdullah used his first Twitter post to thank King Salman for ensuring that Qatari pilgrims can take part in this year’s Hajj.
Sheikh Abdullah is regarded as an influential mediator, both in Saudi Arabia and by scores the region, given that he is a member of the Qatari royal family. His grandfather was the third ruler of Qatar, Sheikh Abdullah bin Jassem Al-Thani, his father was the fourth ruler of Qatar, Sheikh Ali bin Abdullah Al-Thani, and his brother was the fifth ruler of Qatar, Sheikh Ahmed bin Ali Al-Thani.
Sheikh Abdullah also tweeted that he requested that King Salman establish a hotline for Qataris who wish to visit relatives in Saudi Arabia.
“The king, as usual, approved my request and ordered the allocation of a special operations room to handle Qatari affairs run by a Saudi crew under my supervision, in light of the severed ties (between the two countries).”
He went on to share the hotline number, saying: “The special operations room for (the) Qatari people — from pilgrims (to) visitors and business owners — (is) 00966122367999.”
He added: “I call on all my brothers in Qatar, and those in need, to contact the number and their matters will be solved, God willing.”
He later addressed rumors that Qatari currency would no longer be allowed in Saudi Arabia, saying: “I asked my brother, the governor of the Saudi Arabian Monetary Agency (SAMA), about the accuracy of the suspension of the Qatari Riyal exchange for Qatari citizens and (he) denied the news.”
Meanwhile, many other users suggested he is a “sheikh of wisdom, voice of reason and a mediator for good.”
Others, mainly media personalities linked to Doha, have been skeptical of Sheikh Abdullah’s efforts and sought to ridicule his role and say that he does not represent the Qatari people or government.
For his part, Sheikh Abdullah went on to explain the intentions behind his mediation efforts, saying that he is working for the benefit and comfort of the Qatari people.
“The descendant of the rulers came looking for the interests of the brotherly Qatari people after the politically-adolescent approach adopted by the government of Qatar,” said one Twitter user.
Earlier, the Saudi king approved a plan to re-open the Salwa border crossing between Saudi Arabia and Qatar and also approved the dispatch of a private aircraft from Saudia’s fleet to Doha to fly Qatari pilgrims to Jeddah.
Qatari pilgrims were also allowed to pass through the border crossing for Hajj without electronic permits.
It has been nearly three months since the Anti-Terror Quartet severed ties with Doha over accusations of its support for terror and meddling in the internal affairs of its neighbors. Many world leaders and top diplomats, including the emir of Kuwait, have tried mediating but none have been successful in ending the rift.

Main category: 

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