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07 декабря, 17:03

ReneSola (SOL) Grapples with Unfavorable Industry Dynamics

ReneSola (SOL) is struggling to survive the cyclical nature of the solar industry and market volatility

07 декабря, 07:46

Colorado secretary of state slams rogue electors

Colorado's Republican secretary of state lashed out Tuesday at a lawsuit filed by two of the state's Democratic presidential electors in support of their national push to stop Donald Trump's election.The electors, Polly Baca and Robert Nemanich, are suing in federal court to overturn a Colorado law that forces them to support the statewide popular vote winner -- in their case, Hillary Clinton. It's part of a strategy to undermine similar laws in 28 other states and encourage Republican electors there to buck Trump when the 538 members of the Electoral College vote on Dec. 19.But Colorado Secretary of State Wayne Williams thrashed the push as an "illegal conspiracy" to subvert the will of Colorado's voters and pledged to fight against their suit."Make no mistake, this is not some noble effort to fight some unjust or unconstitutional law; rather, this is an arrogant attempt by two faithless electors to elevate their personal desires over the entire will of the people of Colorado," Williams said in a statement. "The very notion of two Colorado electors ignoring Colorado’s popular vote in an effort to sell their vote to electors in other states is odious to everything we hold dear about the right to vote," he continued." It is this type of evil that President Franklin Roosevelt warned us about when he cautioned that voters – not elected officials such as these faithless electors – are 'the ultimate rulers of our democracy.'"Baca, a former Democratic National Committee vice chair, is a veteran of Colorado politics. Nemanich is a high-school math teacher and self-described liberal activist. Yet they're part of a long-shot effort -- along with half a dozen other Democratic electors and one Texas Republican elector -- to elect an alternative Republican candidate. They argue that Trump is uniquely unqualified for the presidency and that the country's Founders intended the Electoral College to be a safeguard against his election.Nemanich told POLITICO that Williams' sharp reaction may be the result of the fact that his office has promised specifically to remove Nemanich as an elector if he attempts to cast his vote for anyone other than Clinton. That comment became part of his suit to overturn the state's law."It was so over the top that it makes him look very weird," Nemanich said in an email. "Evil? Is it evil to sue for constitutional affirmation of civil rights like Free Speech in carrying out the duties of an elected official? Is it a cabal where one seeks counsel from other elected officials in carrying out own's duty? Is it a conspiracy to talk to Republican Electors about a candidate for President that one believes unfit by their daily actions?"Electoral College members will meet in their respective state capitals on Dec. 19 to cast the only constitutionally official vote for president. So far, the eight Democrats and one Republican elector signaling that they'll reject their party's nominees would represent the largest-ever level of "faithless" electoral votes against presidential candidates in American history.In support of their lawsuit, Baca and Nemanich cite Alexander Hamilton's initial conception of the Electoral College in the Federalist Papers, in which he argues that the body should be deliberative to ensure the election of a highly qualified candidate.In his retort, Williams cites the same document. "Indeed, the very Federalist 68 they cite cautions us that 'every practical obstacle should be opposed to cabal, intrigue, and corruption,'" he notes. "Yet that is exactly what the electors here have succumbed to: cabal, intrigue and corruption."

07 декабря, 04:16

How To Tackle Trump? Start At The State Level And Work Up, Democrats Say

WASHINGTON ― Since their disastrous losses on Nov. 8 handed Republicans full control of Washington and historic majorities at the state level, Democrats across the country have gone through the five stages of grief: denial, anger, bargaining, depression and acceptance. While those still hoping for a recount or the Electoral College as their only hopes are stuck in the bargaining stage, the mood at the State Innovation Exchange conference was one of acceptance and a resolute desire to fight back. The conference, held Monday and Tuesday in Washington, D.C., was the first mass gathering of Democratic lawmakers since the election of Donald Trump and countless other Republicans. Nick Rathod, executive director of the State Innovation Exchange, or SiX, started the conference with a statement meant to move the 400-plus state legislators in attendance beyond anger and blame and toward action to thwart the Republican agenda. “I’ve been hearing lots of theories,” Rathod said. “It was racism. Progressives ignored the white working class. People are dumb. It’s the millennials’ fault. Secretary Clinton was a flawed candidate. It was the FBI. It was the Russians. It was because of the electoral college. It was everyone’s fault but our own.” The epic failure of the Democratic Party in 2016 was a long time coming, according to Rathod. State legislators in the room know this best, he said, because before Trump won the White House, Republicans swept statehouses, governorships and other statewide offices across the country. “All of you have seen the writing on the wall. It’s been in the making for nearly a generation, and progressives have basically been asleep at the wheel.” On the other hand, Media Matters founder David Brock, who spoke next, had not gotten to acceptance yet. While promising resources to help SiX and state legislative elections and calling for an independent audit of Democrats’ failure, Brock declared that he was still stuck in the anger stage of grief. He then proceeded to run through the laundry list of blame: It was the Russians, FBI Director James Comey, the media, fake news, millennials and racists. This would be the last recitation of blame for the rest of the conference. Instead, the speakers and the state legislators in attendance showed their resolute desire to retain the gains of the Barack Obama years, to fight back against the Trump administration, go on offense in states they control and win back the states that they don’t. Democratic House Leader Nancy Pelosi (D-Calif.) declared her support for a focus on state legislative elections ahead of the next round of redistricting as a priority. She also previewed how congressional Democrats will fight back in Washington. She compared the situation to when President George W. Bush won reelection and Republicans gained seats in the House and Senate. As congressional Democrats used Bush’s Social Security privatization as their unifying opposition issue then, they will use the proposal to privatize and voucherize Medicare to organize opposition to Trump and House Speaker Paul Ryan (R-Wis.). Former Attorney General Eric H. Holder Jr. announced that he would be the chairman of a new organization called the National Democratic Redistricting Committee. This would be a central hub to support state legislative campaigns to win back statehouses to regain the power to draw district maps, manage legal strategies in states controlled by Republicans and to oppose gerrymandering. He hinted that this effort may be joined by Obama when he leaves the White House. Sen. Elizabeth Warren (D-Mass.), meanwhile, drew clear lines on the values that Democrats should and do stand for. Those values run from the belief that “no one in America should work full time and live in poverty” to the conviction that “this is the time for progressives to say loudly and clearly there is no place for bigotry in the United States of America.” In general, the often convoluted debate about whether Democrats should speak to economic concerns as opposed to so-called identity politics was not taken on at the conference. Instead, panelists and speakers noted that there was no way to separate the issues of racism, sexism and other bigotries from the economic realm. “For me, economic justice is racial justice,” said Rashida Tlaib, a former Michigan state representative. She noted that when sports teams ask cities and states for tax breaks to build their stadiums, that comes out of money that could be directed to classrooms or to help improve black and brown communities. Dorian Warren, fellow at the liberal Roosevelt Institute, noted that racism stacks the deck against the economic opportunities for minority communities. Further, every progressive economic program helps minority communities. He urged the state legislators attending the conference to make sure that they fight back against any effort by state-level Republicans or congressional Republicans to impose new work requirements for social and health benefits. “Please resist the work requirements,” Warren said. “Resist that at all cost.” Rev. William Barber, head of the North Carolina NAACP, simply said, “If someone asks you, ‘Is it race or class?’ you just say, ‘It is.’” But, for the most part, the discussion and energy of the conference was focused on ensuring that Democrats at the state level were not going to be abandoned by the national party. SiX was founded specifically to be a part of a new infrastructure to support Democrats at the state level. Rathod explained to The Huffington Post that Republicans have built up a large infrastructure to not only elect party members up and down state ballots but also to provide them with a legislative agenda and intellectual support. There is the Republican State Leadership Committee, the American Legislative Exchange Council, the Franklin Center, State Policy Network and the Koch brothers’ Americans for Prosperity. If Democrats want to have any chance of countering Trump and rebuilding the party, they will need to do it from the bottom up, he argues. “The problem that progressives have had is that we have spent way too much time focused on Washington,” Rathod said. “So, that’s trying to get big massive bills passed in D.C. and then trying to educate everyone on the back end on why that’s a noble or good thing. What we haven’t done as well with is organizing locally, building our presence locally, developing and creating policies that speak to communities where they’re at and then talking about those policies in a way that makes sense to those communities.” For Rathod and the state legislators in attendance, this is the necessary final step to move beyond grief. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

07 декабря, 01:23

Behind Trump’s tweet, something of a jet obsession

Donald Trump is obsessed with jets. He owns a fleet of private aircraft. He briefly ran an airline dubbed the Trump Shuttle. And on Tuesday, he put his mark on the multi-billion-dollar program he’s about to inherit, threatening to cancel Boeing’s contract for Air Force One with a single tweet.Trump made no secret of his love for his own Boeing 757 during his presidential run: The hulking machine became a Trump-branded backdrop for his campaign rallies, and he took advantage of the plane to travel home to his Trump Tower penthouse almost every night, even as he criss-crossed the country.The president-elect’s history of owning airplanes, and his bragging about it, might suggest a specialized interest in aviation. But Trump’s love for private jets, according to two of his biographers, is really more a love for the status they convey.“I think, like a lot of things, he’s going for the symbol, and trying to communicate something about himself that indicates wealth and power and also a kind of modern sensibility,” said Michael D’Antonio, who chronicled Trump in the book “Never Enough” last year. “I think that the idea of it being an advertisement for him, across the sky, was also really important.” D’Antonio added that Trump’s tendency to gravitate toward older jets — his Boeing 757 has been around for more than 20 years — further suggests that he owns them largely for show.“He’s much more interested in the symbol of the jet than its utility,” he said. “He’s often operated older, gas-guzzling planes. I think it was because it would allow him to get the most airplane for the buck.”“It’s about more than just convenience or mobility for him,” added Tim O’Brien, whose 2005 book, “TrumpNation,” alleged that Trump’s net worth may have been much less than he claimed. “He knows that it projects power and affluence.”Trump’s outburst about Air Force One on Tuesday — in which he alleged that “costs are out of control” in Boeing’s plans to build a new jet for future presidents and Twitter-shouted, “Cancel order!” — follows complaints he made about President Barack Obama’s use of the aircraft this summer. In July, when Hillary Clinton planned to travel on Air Force One with the president for a joint campaign appearance, Trump called the arrangement a “total disgrace” and a misuse of tax dollars.Trump’s own fleet of aircraft includes his Boeing 757, purchased from Microsoft founder Paul Allen in 2010 for a reported $100 million and later renovated and lined with gold, as well as a smaller jet and three helicopters. Trump also once owned an airline, Trump Shuttle, that he bought for $365 million in 1989. He ended up selling after just a few years after it failed to turn enough of a profit to make up for the debt. As he used his private aircraft over the course of his run for president — a charter company Trump owns, TAG Air, Inc., was paid $6.7 million by his campaign for air travel, according to Federal Election Commission records — they made headlines. The 757 drew aspirational comparisons to Air Force One, and Trump’s smaller jet, too, got attention, since a New York Times report about its expired registration briefly grounded it.The president-elect doesn’t seem to deny that he values the publicity that comes with jet ownership. In an April interview with the Times, he acknowledged that his fleet of private aircraft has “promotional value,” and when he opened his short-lived airline, Trump suggested that it was something of an ego trip.“Truthfully? Truthfully it was great for the Trump ego,” he said, according to The Boston Globe. “I’m not supposed to say that.”Despite his love of the trappings of private jet ownership, there are some indications that Trump does not much enjoy flying. O’Brien, describing Trump as “sort of a homebody,” noted that Trump isn’t generally a big traveler. Bruce Nobles, who briefly managed Trump’s airline, recalls that Trump knew very little about the aviation business or airplanes in general when they worked together; at one point, Trump tried to convince him to cut the number of pilots operating each flight from three to two as a cost-saving measure, despite Nobles’ assertions that such a setup would be unsafe. Nobles also recounted a time when Trump flew to Boston to see crew members after an incident involving a Trump Shuttle that ran into trouble landing. Nobles said Trump appeared visibly uncomfortable flying his own airline, asking him, “Is this safe?”The business venture, Nobles concluded, did not come out of any long-held fascination with or even comfort on airplanes. Instead, it was just part of his overall strategy to further his brand.“He thought it was very emblematic of New York and important,” Nobles said. “All the power brokers in the world were flying back and forth every day on that shuttle, and he wanted to own it.”

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06 декабря, 16:57

Barnes & Noble Education shares down 9.8% in Tuesday premarket trading after Q2 earnings

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

06 декабря, 16:26

Noble Energy (NBL) Hits 52-Week High on Asset Sale Strategy

Shares of Noble Energy, Inc. (NBL) scaled a new 52-week high of $40.38 on Dec 5 and closed at $39.50.

06 декабря, 02:41

Man Who Was Serving More Than 13 Years Over Two Joints’ Worth Of Marijuana Gets Sentence Reduced

Bernard Noble, a 50-year-old father of seven, has spent the last six years in prison in Louisiana serving out a sentence of 13 and a half years for possession of what was the equivalent of two joints’ worth of marijuana. Noble’s case was a rallying cry for those seeking reform of harsh sentencing for nonviolent drug offenders. And Monday, after years of litigation, multiple articles on his case (including from The Huffington Post), documentaries, podcasts, rallies and petitions, Orleans Parish District Attorney Leon Cannizzaro agreed to resentence Noble to eight years, Noble’s attorney Jee Park announced in a statement. That means he could be free in less than two more years given the time he’s already served behind bars.  “To me, eight years is still too long for Bernard and his family,” Park said, “but the prospect of going home and being reunited with his children in less than 2 years brought relief to Bernard.” Park said she’s hopeful that Noble, who she described as a “caring and responsible father, successful entrepreneur, [with] no violence in his past” might be paroled and released even sooner. Noble’s previous sentence did not include the possibility of parole. Noble was caught with the equivalent of two joints’ worth of marijuana in 2010. At first, Noble was sentenced to five years in prison. But the Orleans Parish District Attorney’s office appealed that ruling and took the case all the way to the state Supreme Court. Noble had seven prior convictions on his record, stretching back to 1989. All were convictions for possession of small amounts of drugs; two were for cocaine and the rest were for marijuana. All were nonviolent, and four were misdemeanors and three were felonies. The state used two of the felony charges in their branding of Noble as a “habitual offender” under Louisiana law. That allowed them to apply the maximum possible sentence against Noble, without a chance of parole. In 2015, the state Board of Pardons and Parole rejected Noble’s petition for clemency simply because he hasn’t served 10 or more years in prison yet — state law requires inmates to have been in custody of the Department of Corrections for a minimum of 10 years before they’ll consider an inmate’s application for clemency.  “All of our collective advocacy finally softened the district attorney’s resolve,” Park said Monday, thanking his supporters. “Thank you all for never giving up on Bernard, and as Bernard says, for answering his prayers.” Read HuffPost’s full interview with Noble from 2015 here. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

05 декабря, 17:11

Big 5 Sporting (BGFV) Gains Momentum: Did You Stock Up?

Big 5 Sporting Goods Inc. (BGFV) continues to gain momentum driven by its solid surprise history, impressive growth strategies and financial strength.

05 декабря, 16:31

ФИНАМ: Еженедельный обзор: Факторы влияния на рынок российских евробондов на этой неделе останутся прежними

Обзор российского рынка Повышательная динамика нефти и рост доходности базовых активов оказали разнонаправленное воздействие на российский рынок суверенного долга, в результате чего российская долларовая кривая практически не сдвинулась с места по итогам прошлой недели. Доходности "Россия-30" и "Россия-42" остались на отметках 2,5 и 5,2% соответственно, в то время как доходность "Россия-23" снизилась до 3,9%. В результате спред к 10-летним казначейским облигациям США составил 157 б. п., что близко к минимуму за последние 12 месяцев (154 б. п.). Евробонды российских банков и корпораций выглядели лучше суверенного сегмента, особенно наиболее ликвидные выпуски. На фоне восходящей динамики черного золота росли в цене бонды нефтегазовых компаний. Продолжил рост "вечный" евробонд "Альфа-Банка", подорожавший с момента размещения 31 октября уже на три "фигуры". Уровень кредитного риска на "Россию" CDS 5Y закончил пятницу на отметке 231 б. п., где он находится с середины октября. Стоимость страховки от дефолта для российских компаний не показала какой-либо выраженной динамики. Мы ожидаем сохранения факторов влияния на рынок российских евробондов на этой неделе: с одной стороны, долговые инвесторы будут отслеживать динамику нефтяных котировок, с другой — держать в уме предстоящее заседание ФРС, на котором будет приниматься решение по ставке. Инвестиционные идеи (российские евробонды) 30 ноября агентство Fitch подтвердило долгосрочные рейтинги дефолта эмитента в иностранной и национальной валюте "Газпром нефти" на уровне BBB- со "стабильным" прогнозом. Аналитики агентства отмечают, что рейтинги "Газпром нефти" отражают сильный бизнес-профиль компании, ее растущую нефтедобычу и значительные объемы нефтепереработки. Кроме того, в пресс-релизе Fitch подчеркивается, что затрагивающие компанию антироссийские санкции могут сказаться на ней в долгосрочной перспективе, но в настоящее время не оказывают влияния на ее кредитоспособность. По-нашему мнению, оба выпуска "Газпром нефти" выглядят интересно на фоне бумаг схожего рейтинга и дюрации. На прошлой неделе "Альфа-Банк" раскрыл отчетность за 9 месяцев 2016 г. по МСФО. Хотя чистая прибыль в III квартале кв/кв увеличилась, за 9 месяцев эмитент заработал всего около 2 млрд руб. (против 42,4 млрд руб., показанных за 12 месяцев 2015 г.), что стало следствием курсовых потерь. Тем не менее значение чистой процентной маржи на совокупные активы остается на достаточно высоком уровне (4,4 %), что свидетельствует о здоровом состоянии бизнеса банка. Нам нравится кредитное качество "Альфа-Банка", а из линейки его евробондов мы выделяем старший выпуск с погашением в 2017 г., входящий в ломбардный список ЦБ РФ. Инвестиционные идеи (иностранные евробонды) В сегменте иностранных бумаг со сравнительно высоким рейтингом отметим долларовый евробонд канадской компании METHANEX. Старший необеспеченный выпуск объемом 300 млн долл. с погашением в 2024 г. размещен в ноябре 2014 г. По бумаге предусмотрен один колл-опцион, за три месяца до погашения. Мы полагаем, что по соотношению риска и доходности MXCN 4 ¼ 12/01/24 выглядит привлекательно. METHANEX CORPORATION производит и продает метанол, использующийся для изготовления потребительской продукции, включая жидкость для омывания ветрового стекла, полы из клееной фанеры, краски, кремнийорганические герметики и синтетические волокна. Штаб-квартира расположена в Ванкувере (Канада). В 2015 г. выручка, EBITDA и чистая прибыль составили 1226, 433 и 201 млн долл. США соответственно. Количество занятых — 1,3 тыс. Акции эмитента торгуются на фондовой бирже Торонто с текущей рыночной капитализацией 3,9 млрд долл. США. В сегменте высокодоходных бумаг обратим внимание на один из выпусков британской Noble Corp Plc. с погашением в 2020 г. Старший необеспеченный евробонд объемом 500 млн долл. размещен в июле 2010 г. По бумаге не предусмотрено опции ни по досрочному отзыву, ни по пересмотру купона. Мы отмечаем умеренную дюрацию NE 4.9 08/01/20 и его сравнительно высокую доходность. Noble Corp Plc. предоставляет разнообразные услуги для нефтяной и газовой промышленности. Корпорация является подрядчиком по буровым работам и располагает парком морских буровых установок, расположенных в различных частях света. В 2015 г. выручка, EBITDA и чистая прибыль составили 3,4, 1,6 и 0,5 млрд долл соответственно. В подразделениях компании занято 3,3 тыс. чел. Акции эмитента торгуются на NYSE с текущей рыночной капитализацией 1,5 млрд долл.

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05 декабря, 15:53

Ramesses II, victor of Kadesh: a kindred spirit of Trump?

Much like the president-elect, Ramesses II knew that bombast can sometimes outweigh truth. His tale of triumph at the Battle of Kadesh is a perfect exampleIn 1274BCE, near the Levantine town of Kadesh, a miracle occurred: Ramesses II of Egypt, isolated from his forces due to faulty intelligence, single-handedly destroyed a Hittite army. Out of the 2,500 chariots attacking him, not one survived. The pharaoh subsequently threw countless enemies into the river Orontes, only sparing the Hittite king after he begged for mercy. It was a mighty victory – and a mighty mix of fact and fiction. This version of events is found in two texts commissioned by Ramesses: the so-called Official Record and the Poem of Pentaur (named after the scribe of Papyrus Sallier III). After the Kadesh campaign, the pharaoh used these texts to portray himself as the archetypal glorious commander: feared by the enemy and protected by the gods. These works appeared primarily on royal architecture, such as the monumental temples at Abu Simbel, Karnak, Luxor and Abydos. Carved in stone, the inscriptions were designed for eternity, and the detailed reliefs accompanying them meant that even the illiterate majority could understand. Meanwhile, the Poem was also circulated on papyrus, allowing the story to travel rather than being confined to immobile monuments. Thus, Ramesses did everything to spread the word to everyone – from humble peasants gazing at temple walls to nobles enjoying court poetry. Continue reading...

05 декабря, 15:52

Quotation of the Day…

(Don Boudreaux) Tweet… is from page 205 of the 1992 collection of some of William Graham Sumner’s best essays, On Liberty, Society, and Politics (Roger C. Bannister, ed.); specifically, this quotation is from Sumner’s famous 1883 essay, “The Forgotten Man“: It is true that, until this time, the proletariat, the mass of mankind, have rarely had the […]

04 декабря, 03:05

The Observer is part of a noble tradition, treating a complex world with compassion

Over 225 years, the newspaper has unleashed billions of words and phrases challenging its readers always to see things in context• Click here for more on the Observer at 225You are reading this. That’s all I know for sure. Whoever you are, wherever you are, whenever you are, you are reading this. I am definitely correct about that. And if I’m not, these words have gone into no one’s head so no one knows I wasn’t. I am either right or the secret of my wrongness could not be safer.You are now reading this, though after a paragraph like the above you may be fewer in number. My prose will be slashing people down like the German machine-guns at the Somme. Although, actually, I don’t know whether you, who are reading this, also read the first paragraph. That could have been torn away or obscured by ketchup or not visible over the person on the crowded train’s shoulder. This bit may be the only fragment you’ve seen – perhaps it’s being quoted on a website dedicated to exposing flippant references to mass death, or maybe you’ve just exposed this single yellowed inch when tearing up a carpet in a flat you’ve just bought to see what the floors are like underneath, or maybe these words are frozen on the screen of your crashed computer after you accidentally clicked on the wrong link while looking for an interview with David Mitchell the novelist and you’re just glassily staring at them while contemplating posting a turd to the head office of Hewlett-Packard. Continue reading...

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03 декабря, 22:03

How To Make Noble Purpose A Strategy, Not Just A Slogan

A Noble Purpose is a succinct statement defining your impact on customers. Our clients see substantial revenue gains as a result of Noble Purpose. But, it’s important to remember, revenue is a lagging indicator. We use leading indicators: sales activity, leadership language, and customer engagement.

03 декабря, 19:36

West Ham United 1-5 Arsenal: Premier League – as it happened

Arsenal are up to second after Alexis Sánchez put in a stellar solo performance, scoring a hat-trick and setting up Mesut Özil’s opener, as West Ham suffered more humiliation at home 7.39pm GMT November proved no problem for Arsenal, and December is off to a brilliant start. Even with a number of players out, anything’s possible if Sánchez can stay fit and in this kind of form.West Ham have been even more unlucky with injuries, and are having a terrible time settling at their new home. After an unwelcome trip to Anfield next week, they face Burnley (H), Hull (H), Swansea (A) and Leicester (A) over the festive period. 7.27pm GMT Arsenal climb to second after embarrassing West Ham on their own patch, in a rout led by Alexis Sánchez, who on days like this is as good as anyone in the league. Continue reading...

03 декабря, 18:55

Weekend Reading: Abraham Lincoln: State of the Union Address (December 3, 1861)

**Abraham Lincoln:** [State of the Union Address](http://www.infoplease.com/t/hist/state-of-the-union/73.html): "Fellow-Citizens of the Senate and House of Representatives... >In the midst of unprecedented political troubles we have cause of great gratitude to God for unusual good health and most abundant harvests. [State of the Union Address]: http://www.infoplease.com/t/hist/state-of-the-union/73.html >You will not be surprised to...

03 декабря, 01:56

How To Trade The OPEC Deal

OPEC delivered a very substantial production cut on Wednesday in Vienna, and first, I need to take a victory lap: – I was one of the very few (I believe Francisco Blanch of BofA was the only other), who predicted that OPEC would be successful. In my last oilprice premium column, I also gave two stocks to buy to play the meeting, Noble Energy (NBL) and Oasis Resources (OAS), which were up 11% and 28% on Wednesday. I'd call those two pretty good trades. No time to stand on your laurels – everyone wants to know where I think oil prices…

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02 декабря, 19:41

Dear Majority, Please Stop Telling Me You Stand With Me

I hear it a dozen times a day. "Don't worry!" say the kind and good people. "We'll stand with you when the registries/camps/oppression come!" What a noble sentiment. It is supposed to reassure people like me  --  a disabled brown guy. And yet. It doesn't. Why not? Let's do some quick moral accounting, so we can see whether this grand declaration of solidarity carries any water. Every single minority of any kind can tell you stories. Not just one, but many. Of being ridiculed, tormented, heckled, harassed, bullied, demeaned. From the very day that they entered the classroom, the playground, the boardroom, the office, the bus, the train, the cafe, the restaurant. Every single person -- whether they are a woman, a person of color, a disabled person, gay, whatever -- can tell you about countless incidents of abuse, big and small. There is not a single minority in this country that hasn't experienced it. Now. Where have you been, the good and kind majority, when all this was going on? There are three possibilities -- and only three. You turned a blind eye. You egged it on. Or you were part of it. The incidents happened, right? So by definition, you did nothing to stop them, prevent them, mitigate them, ameliorate them. You didn't step in then. The millions of thens. And now you tell me that you will finally step in? Am I to believe this with a straight face? My point is not to shame you or to blame you. It is for you to grow into a fuller, better person. How can you do that? You've failed to stand with me, us, a million times before, every single day of your life. In grade school, high school, college, work, play, public life, at the bar, restaurant, cafe. The sentiment that "I will stand with you!" is just that. A sentiment. It is not a reality. You haven't done it so far. So why would you start now? Your sentiment is fanaticism, escapism, a way to assuage your pride and ego, the preservation of your inner goodness. But how good have you really been? As I said, you've failed to stand with me, us, a million times before, every single day of your life. In grade school, high school, college, work, play, public life, at the bar, restaurant, cafe. Just go ahead and really think about it. You turned a blind eye to that racist incident. You never stepped in to stop that bully. The pattern repeated. By definition. Quad erat demonstrandum. How else would we get here? To a place of institutionalized racism and fascism? All this wouldn't be happening today if you had stood with me, with us, then, in each of those moments, would it? We got here precisely through the way of your negligence, and no other way. Through all these little dehumanizations. The grade school bully that cries "kike!" is not so different from a Trump. You stood by and watched then. Maybe you laughed. That is how we got here. So how do we heal? We heal not by avoiding the truth, running away from the painful reality of our mistakes. But by facing them. How else would we get here? To a place of institutionalized racism and fascism? All this wouldn't be happening today if you had stood with us. What do I want? I want you to be a real person now. Not this easily broken shell spouting fantasies to defend yourself from admitting your own moral failures. I want you to take some fucking responsibility. Some moral responsibility. You too are culpable, and crying "but I will stand with you" does not excuse your culpability. It only deepens it. For it tells me that you are not even aware of your own guilt, that you have no sense of shame, that you are still blind to the very abuse you have been a part and parcel of from the very day that, as children, we began to clumsily try to live together. So I don't want your kind sentiments. I don't want to hear that you will stand with me when we both know you haven't so far. I want something truer and harder. The admission, the acknowledgement that you did not, could not, would not, when you should have. I don't want to hear that you will stand with me when we both know you haven't so far. That and only that is how you will grow as a person. Maybe then my children and your children will not abuse each other like we abused each other. And maybe then they won't grow into what we are now. But you will not grow as a person by telling me you will stand with me when you have failed to do so every single day of my life so far. You are just patronizing me, and pandering to yourself, which is another kind of little dehumanization, isn't it? You will grow as person when you come to face your moral shortcomings in this life. That is true for each and every human soul. For that is when and only when the human heart reclaims its moral agency, its humanity, its freedom, its worth. Not just in my eyes, but in your own. And only then can you really hope to share anything with me, and me with you. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

02 декабря, 05:49

Jeff Zucker And Corey Lewandowski Drown In River Of Ridicule At Harvard Event

Every four years since 1972, the Kennedy School of Government at Harvard University has hosted an after-action gathering on the presidential election called the Campaign Managers Conference, in which the people who ran the presidential campaigns of both the winners and the losers dish about their successes, rue their failures and try to provide attendees with what the school calls “the first draft of history.” The big news going into this year’s confab was that Trump campaign chairman Steve Bannon was going to steer clear of his alma mater and forego the event. The news coming out of the conference? Lots of fighting! As you might expect with such an acrimonious campaign (if you recall, part of Donald Trump’s platform during the election season was a promise to use the powers at his disposal to prosecute his opponent, Hillary Clinton), the representatives of the two campaigns sparred angrily during their session together. As the Washington Post’s Philip Rucker and Karen Tumulty report, things devolved into a “shouting match,” with the Clinton campaign’s communications director, Jennifer Palmieri, denouncing the way the Trump campaign provided “a platform for white supremacists,” over the vigorous objections of her Trump campaign counterpart, Kellyanne Conway. But enough about that! If you ask me, the real action happened at a Wednesday night dinner at The Charles Hotel in Cambridge, where there was yet another shouting match. Only this time, all of the shouting served two very noble and patriotic purposes: savaging CNN President Jeff Zucker and making former Trump campaign operative-turned-CNN contributor Corey Lewandowski upset. As Politico’s Hadas Gold reports, the dinner discussion, which was supposed to be a genteel and academic discussion among Zucker, Washington Post Editor Marty Baron, Associated Press Executive Editor Kathleen Carroll and Facebook Vice President Elliot Schrage ― presided over by journalist and The Victory Lab author Sasha Issenberg ― quickly took a turn as the various campaign managers for the losing Republican primary candidates came at Zucker like a gang of chum-hungry sharks. Nice! Let us be glad about all of these things that happened. Per Gold, these campaign managers “shouted Zucker down with increasing anger as he defended how much airtime the network gave Trump” during the primary season, contending that it was both out of whack and out of balance. Zucker’s self-defense essentially amounted to asserting that when CNN reached out to the various candidates, Trump was the one who answered the call the most often. Several of the campaign managers assembled told Zucker that they’d not received these alleged calls. Others joked about how CNN was willing to give their candidates only a brief amount of time or air segments at off-hours. As anyone who actually witnessed the primary campaign can tell you, none of the other candidates’ events got the lavish, fulsome coverage that Trump’s got. And that includes coverage of Trump events during times when Trump wasn’t even in range of the camera lens. As one audience member shouted, “You showed empty podiums!” (Which was technically accurate, as there were podiums at these events.) Zucker was unable to sufficiently explain to the assembled campaign managers how it came to pass that CNN offered so many hours of coverage to Trump’s many empty stages and unoccupied lecterns. Perhaps in an effort to reach out to every campaign’s inanimate stage props, only Trump’s returned the call, offering to help CNN air hundreds of minutes of blank space for no good reason. As Gold details, it all got to the point where Lewandowski had to leave the room to cuddle his binky or something: The Trump strategists peppered throughout the room didn’t stand up to defend Zucker or challenge the other strategists, with the exception of former Trump campaign manager and CNN contributor Corey Lewandowski, who stalked out of the room early and returned only after a spell outside. Once Lewandowski returned from psyching himself up in the washroom mirror with repeated pick-me-ups (“You can do it, Corey! You’re a real man, Corey!”), the erstwhile CNN contributor was in more of a fighting mood, getting confrontational once the conversation turned to Zucker’s decision to hire Lewandowski in the first place: Lewandowski seized the microphone from the questioner, who broached the topic, in a bid to defend himself, allowing the student to finish asking it, but insisting he was adding value to the CNN airwaves. Zucker said Lewandowski was a “good investment and decision,” as Lewandowski clapped and the rest of the room remained silent. Please clap! But no. ~~~~~  Jason Linkins edits “Eat The Press” for The Huffington Post and co-hosts the HuffPost Politics podcast “So, That Happened.” Subscribe here, and listen to the latest episode below.  -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

01 декабря, 12:50

More Prisons Are Phasing Out the 'Box’

A new study offers data on the continued use of solitary confinement, and a corrections leader weighs in on the practice’s future.

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30 ноября, 22:40

Tories seek positive uncertainties in a deluge of negative certainties

MPs grill Robert Chote over the OBR’s gloomy post-Brexit predictions: wasn’t it possible all the forecasters were wrong?Just after the chancellor’s autumn statement, Conservative Jacob Rees-Mogg had rubbished the Office for Budget Responsibility for making unnecessarily gloomy predictions about the government’s handling of Brexit and suggested we would all soon be dancing towards fun-filled days of forever summer. A lot can change within a week. Not least that it now appears the OBR was a ray of sunshine compared with almost every other economic forecaster.So when Rees-Mogg got to meet the OBR chairman, Robert Chote, face to face at the Treasury select committee, he was rather more temperate than he had previously been. The OBR had done its work very properly, he observed, the model of noble politesse. It was just completely incorrect in its findings. How could the OBR be so certain about the levels of uncertainty? Continue reading...