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A series of
geopolitical events pushed prices higher by raising concern that
oil supplies could be disrupted, even though no disruptions were
imminent. The Obama Administration announced new sanctions against
Russian energy firms after the market closed on Wednesday,
including against Rosneft, Russia's biggest oil producer. While
analysts say it is unlikely to cause any dip in production or
exports in the short term, it could prevent or delay future
exploration and production.
The crash of a Malaysian Airlines passenger plane over Ukraine — which Ukrainian officials said was shot down — raised the risk of a sharper conflict between Ukraine and Russia that could lead to even tighter sanctions against Russia. And fighting in the Gaza strip intensified after a shaky cease-fire expired, yet another source of turmoil in the Middle East, the world's most important oil-producing region.
"Although oil balances will not be impacted, it gives the oil ...
According to a working paper from researchers at Harvard University and the University of British Columbia, the five happiest cities in the U.S. all happen to be located in one state, which also ranks as the happiest state...
That state is Louisiana. Specifically, the list-toppers of cities include Lafayette, Houma, Shreveport-Bossier City, Baton Rouge and Alexandria. Although some disagree that Louisiana is the happiest state, some research is proving otherwise. Polls that disagree typically use determinants such as financial, economic and purpose driven objectives many of which are career oriented, none of which apply (or have a significant impact) on happiness levels of Louisianans. Some studies have even declared Louisana to be one of the unhappiest states according to tweets and other statistics which are being proven wrong....
On the other end of the spectrum, the unhappiest cities had New York City topping the list, followed by St. Joseph ...read more
Advances in US shale have coincided with political upheaval in big oil-producing countries. Political instability in Libya, Iraq and Venezuela has stoked concerns about disruption and threats to future supplies. International sanctions on Iran have also reduced the global supply of oil, and Nigeria’s industry is plagued by theft.
Were it not for the new production in the US, which has cut the country’s imports sharply, there would probably be talk of another world oil crisis. As a global energy supplier, it is, in the words of Madeleine Albright, the former secretary of state, the “indispensable nation”.
Please read more in the Financial Times.
The Rebirth Brass Band is a New Orleans brass band. Rebirth is known for combining traditional New Orleans brass band music, including the New Orleans tradition of second line with funk, jazz, soul and hip hop.
Microsoft confirmed it will cut up to 18,000 jobs over the next year, part of the tech titan's efforts to streamline its business under new CEO Satya Nadella.
In a statement released Thursday, Microsoft says about 12,500 of the professional and factory positions will be cut as part of its $7 billion acquisition of Nokia's handset business, which the company closed in April.
"My promise to you is that we will go through this process in the most thoughtful and transparent way possible," said Nadella in a memo to employees.
Please see more here.
A band of young jazz players, the oldest of which could not have been a day over 16. Some serious raw talent on the streets of New Orleans.
The selected candidate will be responsible for supporting all planning and performance management activities for the assigned business.
The analyst must be capable of managing planning and performance related activities in a dynamic portfolio of businesses and is able to adapt to changing priorities.
In addition, they will be responsible for analyzing periodic performance and for preparing the resulting management reports using plan, actual, and forecast data, thus enabling the business to actively manage performance.
Please read more here.
JP Morgan executive director Julian Knott blasted his wife Alita to death with a shotgun before turning the gun on himself.
The 45-year-old, who worked for the investment bank in London until July 2010, shot his 47-year-old wife multiple times before committing suicide with the same weapon.
Please read more here.
WE'RE NOT BROKE is the story of how U.S. corporations have been able to hide over a trillion dollars from the U.S. government, and how seven fed-up Americans from across the country, take their frustration to the streets . . . and vow to make the corporations pay their fair share.
WILLISTON, N.D. (AP) -- Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota's oil patch that's home to booming towns, low unemployment rates and high incomes.
SelectUSA, a government foreign investment initiative, said the state has drawn at least 31 publicly announced foreign investment projects since 2003 worth a total of $1.04 billion.
Now two foreign companies are planning a pair of large oil patch developments worth $800 million.
Williston Economic Development head Tom Rolfstad said there's likely more foreign investment than what's immediately visible.
Among the latest projects is Swiss firm Stropiq's plan for a $500 million, 219-acre mixed-use development called Williston Crossing featuring 1 million square feet of retail, entertainment and hotel space along with offices and residential plots ...read more