Obama's Kenyan-born uncle allowed to remain in US
BOSTON (AP) — President Barack Obama's Kenyan-born uncle, who ignored a deportation order more than two decades ago, on Tuesday was granted permission to stay in the United States.
Judge Leonard Shapiro made the decision after Onyango Obama, 69, testified that he had lived in the U.S. for 50 years, been a hard worker, paid income tax and been arrested only once.
Asked about his family in the U.S., he said he has a sister and two nieces, then added, "I do have a nephew." Asked to name the nephew, he said, "Barack Obama," then added, "He's the president of the United States."
Onyango Obama, the half brother of the president's late father, testified he has lived in the U.S. since 1963, when he entered on a student visa. He had a series of immigration hearings in the 1980s and was ordered to leave the country in 1992 but remained.
During his testimony, he identified himself as Obama Okech Onyango. Court records and authorities have identified him as Onyango Obama, and no explanation was given for the discrepancy.
Obama told the judge he had led a quiet, simple life, graduating from high school in Cambridge, then attending Boston University, where he received a degree in philosophy. He said he has worked for years as a manager at a family-owned liquor store in Framingham, just west of Boston. He also said he has worked for decades to help African immigrants find housing and settle in the U.S.
The judge, while announcing his decision, cited a law that entitles immigrants who are "out of status" to become permanent residents if they arrived in the U.S. before 1972, maintained continuous residence and are of good moral character.
Obama testified he hasn't been back to Kenya since he entered the U.S. and said it would be difficult for him to return after all these years.
"Mr. Judge, America is a land of opportunities, a land of chances,"
Yep, still battling the brown tree snakes which are devastating the indiginous bird populations of Guam.
BS: Of course, since Mr. Lakeed has never seen a brown tree snake, he still doesn't believe they exist. lol
A group of 2,000 dead mice equipped with cardboard parachutes have been airdropped over a United States Air Force base in Guam in order to poison brown tree snakes.
It may sound like the plot to an animated movie starring the vocal talents of Gilbert Godfried, but we assure you this is actually happening.
NBC News reports that the dead mice were pumped full of acetaminophen, the active ingredient in Tylenol. The hope is that the snakes, which are invasive to the area and cause harm to exotic native birds and the island's power grid, will be drawn to the toxic rodents, eat them, and then croak. Other animals face minimal risk, reports the Air Force Times.
Dan Vice, the Agriculture Department's assistant supervisory wildlife biologist for Guam, told KUAM that the mice are dropped in a time sequence from low-flying helicopters. Each rodent is strung up to a tiny parachute made of cardboard and tissue paper.
Via NBC News:
"The cardboard is heavier than the tissue paper and opens up in an inverted horseshoe," Vice said. "It then floats down and ultimately hangs up in the forest canopy. Once it's hung in the forest canopy, snakes have an opportunity to consume the bait."
So how will workers know if the plan is working? After all, it's not like the mice can radio back to base. Or can they? The workers behind the plan told NBC News that some of the mice will have data-transmitting via radios.
The mission is part of an $8 million program from the Interior and Defense departments, PhysDOTORG reports. If the mission is successful, experts may expand it to other parts of Guam. In other words, maybe a sequel is forthcoming
Hi Mr. Napp,
Do you have a link? I could not find an article related to a cancellation of 5 vlccs by Fredriksen, or 13 in total.
I did find a cancellation of 1 VLCC, and a shift of other newbuilds to another company.
Best of luck,
CNBC's Phil LeBeau reports on protests over low wages at stores around the country. Only 3 of the 75 or so protesters outside a Chicago store are actually employees, he reports. Wal-Mart CEO Bill Simon says he is going to all he can to assist employee ...
The sad thing, of course, is that the press is coming to the "people are getting sad letters from their insurers" story well after it might have mattered. If you want to know when the "I lost my health care coverage" holocaust happened, it was back when the press was napping. Between January 2008 and December 2010, over 44,000 Americans were receiving the sad news about losing their insurance every week. That's a lot of people who are probably wondering why reporters are suddenly interested in what's been going on in their lives.
BS: That was when I got zapped. I thought it was an odd thing that just happened to folks in New Hampshire since there was no news reporting of it at the time. But apparently it was happening all over but it wasn't being reported.
If it had been reported as it happened, maybe so many wouldn't be surprised when the big cancellation roll out started taking place.
The big question, is why wasn't it reported?
Just my take.
Best of luck,
a net loss attributable to the Company of $36.4 million
a net loss attributable to the Company of $36.4 million
average total cash cost breakeven rates for the remainder of 2013 on a TCE basis for VLCCs and Suezmax tankers of approximately $22,400 and $16,700, respectively.
The average daily TCEs earned in the spot and period market in the nine months ended September 30, 2013 by the Company's VLCCs and Suezmax tankers were $15,800 and $13,600, respectively
As of September 30, 2013 the Company was committed to make newbuilding installments of $87.9 million with expected payment of $6.2 million in 2013 and $81.7 million in 2014.
The Company issued 329,532 new ordinary shares under the ATM program in the third quarter. 78,843,586 ordinary shares were outstanding as of September 30, 2013, and the weighted average number of shares outstanding for the quarter was 78,838,476.
In October 2013, the Company entered into a private agreement to exchange $25.0 million of the outstanding principal amount of the Company's 4.5% Convertible Bond Issue 2010/2015 for an aggregate of 6,474,827 shares and a cash payment of $2.25 million.
The order book counted 56 vlccs at the end of the third quarter, which represents nine percent of the VLCC fleet. The order book counted 41 vessels at the end of the third quarter, which represents approximately nine percent of the Suezmax fleet.
While the VLCC spot market recently has shown signs of recovery, the Board is of the opinion that it may take some time before a reasonable market balance is restored and sustained recovery of the tanker market occurs. The Board believes that such a market balance and sustained recovery of the tanker market will be dependent on the extent of phase out of existing tonnage as well as global growth conditions.
As of September 30, 2013 Frontline had total debt and lease obligations, excluding non-recourse debt in ITCL of $1,122 million comprised of $841 million in lease obligations to Ship Finance, $66 mill
By Alaric Nightingale - Nov 26, 2013 7:01 PM ET
Record Asian oil demand is spurring the region’s refineries to charter the most supertankers in a year, driving shipping rates to the highest level since 2010.
Traders hired enough carriers in the spot market from owners including Frontline Ltd. (FRO) and Mitsui O.S.K. Lines Ltd. to load 35.9 million metric tons in the four weeks ended Nov. 24, according to data compiled by Bloomberg from broker reports. The shipments, the largest this year, expanded 53 percent since the end of August, during which time a glut of shipping capacity in the Persian Gulf shrank by about the same amount.
Asian economies are growing about three times faster than the global average, spurring the International Energy Agency, an adviser to 28 nations, to predict the region’s oil demand will rise to a record this quarter. Earnings from the tankers jumped to $50,801 a day on Nov. 22, a 34-fold gain from August, according to Clarkson (CKN) Plc, the biggest shipbroker.
“Owners have strong momentum and the kind of optimism you get when there’s sudden sunshine after months of rain,” said Per Mansson, a shipbroker at Platou London LLP who’s worked in the industry since the 1970s. “The market will stay quite firm until at least February,” boosted by winter demand in the Northern Hemisphere, he said.
The vessels, known as very large crude carriers, or VLCCs, earned an average of $10,907 a day this year, the lowest in at least 16 years, Clarkson data show. They need $10,350 to cover running costs including crew, repairs and insurance, according to accountant Moore Stephens LLP, which tracks industry expenses. Frontline, the largest tanker company, says its VLCCs need $25,000 to break even once financing expenses are included.
The Hamilton, Bermuda-based company, led by billionaire John Fredriksen, split in two at the start of la
Frontline Ltd.'s third quarter and nine months 2013 results will be released on Wednesday November 27, 2013 and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m U.S. Eastern Time).
First Solar Building 1.4 MW Solar Plant for Japan
By Rich Smith November 25, 2013 |
Hedging its bets as politicians debate the wisdom and practicality of closing down all of the nation's nuclear power plants in the wake of 2011 Fukushima Daiichi disaster, Japan is expanding its ability to power itself with solar.
The country has begun construction of a new solar project in Kitakyushu-shi, with U.S. solar power contractor and thin film specialist First Solar (NASDAQ: FSLR ) doing the work. First Solar hopes to have a 1.4-megawatt solar power plant up and running by the first quarter of next year.
The plant will generate power from First Solar's cadmium telluride thin-film PV modules, rather than the polysilicon-based panels more usual in solar power plants. Although First Solar actually buys the glass it uses to face its solar panels from Japan -- from Nippon Sheet Glass to be precise -- this will be First Solar's first project in the country. First Solar will own 100% of the project, and will use local contractors Obayashi and Yaskawa Electric to build the plant.
Said First Solar Chief Commercial Officer Joseph Kishkill, "We are honored to begin our long-term strategic investment in Japan with the Kitakyushu-shi project."
BS: I don't see anything in the article about storage. Maybe with the lack of power in Japan today, people will be glad to get electrical power during sunny days.
I just came across this article:
By JONATHAN FAHEY 8 hours ago
NEW YORK (AP) — Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not allow Iran to export more oil.
In the short term, the deal may make it easier for Iran to sell the oil it is already allowed to sell under the sanctions, which would increase supplies on the world market. And the newfound cooperation between Iran and the West eases tensions that pushed oil prices higher in recent years.
But the deal, described by both sides as only a first step, raises the possibility that a more comprehensive agreement would eventually allow Iran to restore oil production to pre-sanctions levels. That could add 1 million barrels per day of oil to world markets — enough to meet the entire global growth in demand for 2014 projected by the International Energy Agency.
More in article
Hi Mr. Path,
There is a conspiracy theory that Obamacare was never intended to work. The plan from the beginning was to wreck the system really bad. Then, the democrats would step in to fix the mess by putting everybody on medicaid, and demanding everybody pay proportionally according to their income.
I am not saying I am buying into the theory, but it is an interesting thought.
Another thought has come out. Just because the Obamacare exchanges exist, does not keep the insurance companies from selling competing plans. They won't be required to rob from the rich to subsidize the poor as the exchanges do. But, they will be required to accept people with pre-existing conditions and cover things as forced by the ACA law.
A lot of people that have had their insurance cancelled, and are being set up to be taxed heavily by Obamacare, may be looking for alternatives.
I will be checking back with our insurance agent right after Thanksgiving.
If this is true, and such insurance is available, it will probably be a lot cheaper than Obamacare for people that don't get government subsidies. If true, it's hard to think of how Obamacare could possibly survive as fiscally neutral.
We shall see.
Best of luck,
Hi Mr. Napp,
I am questioning when Iran will be able to sell more oil into the market. I am estimating that their production capabilities are around 4 million barrels per day. I expect that they would like to be selling 2-3 million barrels per day. Current consumption is around 1 to 1 and a half million barrels per day. They are constrained in sales due to international embargos.
So, I expect they are producing from their cheapest sources, and over running a bit and placing some excess on tanker for sea storage.
The article is saying that they will be able to increase their "international" production back up to 1 million barrels per day. There are some countries they are shipping to which do not require international approval. So, this will probably take them back up to 1.5 million barrels shipped per day.
The article does not say they will be free to ship all they want. But they will be able to ship more.
If they were just released and allowed to ship all they want, I would expect that they would start paring down their tanker sea storage. Some of those tankers would make sail, and would return to the fleet looking for loads. 37 suzies full of crude would sell for over 3.7 billion dollars on the global markets.
If they are allowed to sell all they want, the big question is whether or not shipping from Iran would make a longer trip than the oil that it is replacing. If it's longer, it will require more tanker days to transport.
So, I see a situation where tankers are coming off of storage, and at the same time average oil time at sea in transport could be longer, the same, or shorter.
I expect the net effect would be an expansion of the glut.
More interesting, I think, will be what will happen to global oil prices. The US is producing more and more itself, not needing as much imported. OPEC is already under pressure because sales are flat to off slightly. Iranian oil will eat into OPEC sales. How will they hold prices?
Obama proposed delaying for a year the subsidy cuts for hospitals to give states more time to expand Medicaid. Congress didn’t go along with his proposal.
Joanne Peters, a spokeswoman for the U.S. Health and Human Services Department, said governors who chose not to expand Medicaid are to blame for the hospital closures. The administration “strongly encourages” states to expand Medicaid, which would “dramatically reduce the amount of unpaid bills that hospitals are left with,” Peters said in an e-mail.
Georgia’s Republican Governor, Nathan Deal, has said the state can’t afford to expand Medicaid. Even though the federal government says it will initially cover the costs, the price tag will be too high in the future, he said.
The Obama administration shouldn’t have cut subsidies to hospitals that treat the uninsured, said Brian Robinson, a spokesman for Deal.
“There are numerous ways to go that don’t include a huge new burden on states, who unlike Uncle Sam can’t print money or run a deficit,” Robinson said.
Hospitals that treat the uninsured where Medicaid isn’t expanding are being forced to decide whether to close or eliminate care for “the people who use the transplant services, the people who need to be flown to the trauma center, or the infants who need the neonatal intensive care unit,” said Siegel, of the hospital group.
More in article
States don't want them, but they have to take them.
More than 100,000 people were approved for Medicaid last month in the 25 states that have opted not to expand the government program, according to a CNNMoney analysis. These folks currently qualified for Medicaid, but had not enrolled. Likely drawn in by all the campaigns to enroll the uninsured, the so-called woodwork effect, they applied through the federal Obamacare exchange.
"They are picking up people who should have been on Medicaid all along, but there was never this outreach effort," said Sara Rosenbaum, law professor at George Washington University's School of Public Health.
Expanding Medicaid has split the nation since the Supreme Court ruled in 2012 that states could decide whether to widen coverage to all residents up to 138% of the poverty level, or $15,900 for individuals and
$32,500 for a family of four, as Obamacare called for. The federal government will pick up the total cost of the expansion for the first three years, after which the funding will phase down to 90%.
Many states, mainly led by Republican governors and legislators, have said they cannot afford to extend the public health program, which has 54.1 million adults and 5.5 million children enrolled nationwide. Medicaid ate up a quarter of total state spending in fiscal 2013, outstripping every other category, according to the National Association of State Budget Officers.
Currently, states set their own eligibility criteria. Some are generous. New York, for instance, allows parents with incomes up to 150% of poverty and childless adults up to the poverty line to enroll. Others are much more restrictive, such as Texas, which only extends the benefits to working parents with incomes up to 25% of the poverty line and jobless parents up to 12%.
But many states also don't do a good job reaching out to people who meet the current standards.
BEIJING – Rescuers have found more bodies at the scene of oil pipeline blasts in eastern China, bringing the death toll in one of the country's worst industrial accidents this year to 52.
The Qingdao government information office said on its microblog Sunday that four more bodies had been found. Eleven other people are still missing following Friday's explosions from a ruptured oil pipeline owned by China's largest oil refiner, Sinopec.
The information office says rescue efforts are continuing. A total of 136 people have been injured, 10 of whom are in critical condition.
Sinopec apologized Saturday for the explosions that ripped slabs of pavements and overturned vehicles. It said it would investigate and "give timely reports."
Iran’s crude oil sales will still be limited to about 1 million barrels a day under international sanctions that remain in force as part of the nuclear accord reached in Geneva today, according to the White House.
The volume of Iran’s unsold oil being stored on tankers rose to about 37 million barrels in October, the IEA estimated.
BS: If true, 37 million barrels of oil would tie up 18 VLCCs or 37 suezmax tankers. This would be a major removal of tankers from the operating fleet.
The article claims that Iran cannot release more than 1 million barrels per day. At some point, most of these tankers will return to the fleet.
Maybe this is the major variable holding up spot rates right now. I had no idea it was this many tankers.
Swiss voters overwhelmingly rejected a proposal to cap the salaries of top executives Sunday, heeding warnings that the limit could damage its economy and businesses.
The "1:12 -- for fair wages" initiative, which proposed capping executive salaries at 12 times the lowest paid employee's, was rejected by 65.3% of voters, and failed to win majority support in any of the country's 26 districts.
Hi Mr. Rami,
I am not quite sure what you are asking, but I shall take a stab at a response.
I honestly think, that "if" spot rates keep rising over the coming years, that FRO "will" get in the 4 to 5 dollar per share range.
However, I think it unlikely that spot rates will continue to rise through 2015.
I think we are experiencing a short term blip up in spot rates which will soon start trending down returning to levels below Frontline's publicized break even.
We should have a much better feel for this from Frontline's 3rd qtr announcement currently scheduled for November 29th.
Just my take.
Best of luck,
Hi Mr. Rami,
With relatively high spot rates currently in place, I would expect FRO's share price to float up into the announcement. At least, I think it more likely to float up than to float down or slam down.
Just my take.
Best of luck,