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Sunday, December 21, 2014

Cuban Oil May Prove A Boon For U.S. Companies

This outcome is far from certain. With Saudi Arabia refusing to cut oil output, which would stabilize prices, and previous offshore efforts yielding unsuccessful results, many experts believe that most of Cuba's 124 million barrels will remain inaccessible. Brazilian, Malaysian and Spanish companies have failed to produce any major wells during exploration efforts in the last few years. Pavel Molchanov, an energy company analyst with Raymond James, told Politico that there is "not going to be a Cuban oil rush."

Saturday, December 20, 2014

Sony is not giving up on The Interview quite yet. On Friday, the corporation said it was in the process of exploring alternative ways for releasing the comedy after a terrorist threat -- allegedly driven by North Korean hackers -- prompted the country's largest theater companies to cancel their scheduled Christmas Day openings. Sony insisted its decision to pull the movie from theaters was based solely on those owners choosing not to screen the film, and did not represent a cave-in to the extortionists' demands. "[We are] actively surveying alternatives to enable us to release the movie on a different platform," the company said. "It is still our hope that anyone who wants to see this movie will get the opportunity to do so."

The Prison Reform Blues

Chris Epps wanted to reform Mississippi's harsh, decrepit prison system. Now he's facing three centuries in the slammer.

Thursday, December 18, 2014

Canadian energy delivery company Enbridge Inc. has temporarily shut down and isolated one of its crude oil pipelines that connects to the United States after a 1,350-barrel, or 56,700-gallon oil spill, the company reported Wednesday evening. read more

Electronic Frontier Foundation: The public got an early holiday gift today when a federal court agreed with us that six weeks of continually video recording the frontyard of someone's home without a search warrant violates the Fourth Amendment. In United States v. Vargas local police in rural Washington suspected Vargas of drug trafficking. In April 2013, police installed a camera on top of a utility pole overlooking his home. Even though police did not have a warrant, they nonetheless pointed the camera at his front door and driveway and began watching every day. read more


#9 | POSTED BY SNOOFY AT 2014-12-28 10:35 AM | FLAG: Actually it was GM and Chrysler as Ford did not need a bailout.

Posted by MSgt at 2014-12-28 12:52 PM | Reply


Yesterday, the federal government released the names of companies and the amounts of loans handed out during the financial crisis of 2008 to keep loans flowing as credit dried up everywhere. A number of those companies were the lending arms of automakers.

Automotive blog Jalopnik broke down which automotive lending companies got the most help, and leading the way was Ford Credit, which borrowed $15.9 billion. GMAC, GM's financing arm which provided auto loans beyond the GM family of vehicles, took $13.9 billion. BMW took $6.2 billion. Chrysler $4.9 billion and Toyota $4.6 billion.


WASHINGTON -- President Obama decided in recent weeks to authorize a more expansive mission for the military in Afghanistan in 2015 than originally planned, a move that ensures American troops will have a direct role in fighting in the war-ravaged country for at least another year.


Senate Probe Of IRS Scandal Finds Liberals Targeted Too


New Records: IRS Targeted Progressive Groups More Extensively Than Tea Party


Neocon Robert Kagan believes Hillary is a neocon, though she and her suppporters won't admit it.

"I feel comfortable with her on foreign policy," Mr. Kagan said, adding that the next step after Mr. Obama's more realist approach "could theoretically be whatever Hillary brings to the table" if elected president. "If she pursues a policy which we think she will pursue," he added, "it's something that might have been called neocon, but clearly her supporters are not going to call it that; they are going to call it something else."

That's not true. Kagan worked for the Brookings Institute as a foreign policy advisor and a commentator. The Brookings Institute financed PNAC.

#29 | Posted by Twinpac at 2014-12-27 02:13 PM | Reply | Flag:


Kagan was a cofounder of the Project for the New American Century (PNAC), a now defunct pressure group that helped build Beltway support for the U.S. invasion of Iraq throughout the 1990s and early 2000s. In the early years of the Obama administration, he reprised this role as a cofounder of the Foreign Policy Initiative, a PNAC successor group. - See more at: www.rightweb.irc-online.org

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