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unclefulbert 243 posts  |  Last Activity: 12 hours ago Member since: Mar 8, 2003
  • Big news is Crude. I still can remember Wall Street crooks warned us of $150 oil because of political uncertainty and China demand. As they warned, reports of oil tankers circling in the oceans filled with oil. Gold was above $1800 going to $3000.

    Commodities: Crude -3.5% to $35.48. Gold +0.43% to $1,076.60.

  • Congress sent President Barack Obama a short-term spending bill to keep the government open through next Wednesday as lawmakers and the White House rushed to finalize a $1.1 trillion government-wide spending bill and a sprawling tax package.

    The measure was approved by voice vote Friday hours ahead of a midnight deadline. The bill will give Congress and the administration more time to complete negotiations.

    "I believe we're making good progress on a final-year package," said Rep. Hal Rogers, R-Ky., chairman of the House Appropriations Committee.

  • unclefulbert by unclefulbert Dec 11, 2015 12:15 PM Flag

    The oil States were dotted with boom towns a year ago. Interesting Mother Jones story. Wonder if the protagonist is still working there:
    I hadn't driven nearly 2,000 miles from Brooklyn to work as a cocktail waitress in a strip club. (That only happened after I ran out of money.) I had set off with the intention of reporting on the domestic oil boom that was reshaping North Dakota's prairie towns as well as the balance of both global power and the earth's atmosphere.

    This spring, production in North Dakota surged past one million barrels of oil a day. The source of this liquid gold, as it is locally known, is the Bakken Shale: a layered, energy-rich rock formation that stretches across western North Dakota, the corner of Montana, and into Canada. It had been considered inaccessible until breakthroughs in drilling and hydraulic fracturing made the extraction of oil from it economically feasible. In 2008, the United States Geological Survey (USGS) announced that the Bakken Shale contained 25 times more recoverable oil than previously thought, sparking the biggest oil rush in state history.

  • S&P off ~2% but NAS still up 5%.

    ZIRP will come to an end next week and Wall Street pigs will find less gruel in the trough.

  • unclefulbert by unclefulbert Dec 11, 2015 9:11 AM Flag

    Russia 'now supports FSA'

    Russia began air strikes in Syria in September, at the request of its ally President Bashar al-Assad.

    In an update on Russian operations, Mr Putin said the military was now supporting Free Syrian Army (FSA) forces.

    There has been no confirmation from the FSA, who are fighting President Assad and have been bombed by Russia.

    The Kremlin has denied accusations by the US-led coalition operating in Syria it often targets moderate Syrian opposition, rather than Islamic State (IS) militants.

  • NEW YORK (Reuters) — When health insurer Humana Inc reported worse-than-expected quarterly earnings in late 2014 — including a 21 percent drop in net income — it softened the blow by immediately telling investors it would make a $500 million share repurchase.

    In addition to soothing shareholders, the surprise buyback benefited the company’s senior executives. It added around two cents to the company’s annual earnings per share, allowing Humana to surpass its $7.50 EPS target by a single cent and unlocking higher pay for top managers under terms of the company’s compensation agreement.

    Who needs R&D?

    As reported in the first article in this series, share buybacks by U.S. non-financial companies reached a record $520 billion in the most recent reporting year. A Reuters analysis of 3,300 non-financial companies found that together, buybacks and dividends have surpassed total capital expenditures and are more than double research and development spending.

  • Suddenly we were told we were meant to be fighting a worldwide movement ... Let's just say we got a bit careless about distinguishing between people who would like to do terrible things and people who were actually doing them. We became indiscriminate about the methods we used. It was dog eat dog. Only problem is, we're not dogs. --- But we are getting closer to being one.

  • unclefulbert by unclefulbert Dec 9, 2015 3:47 PM Flag

    GLASGOW, Scotland — “My mother was born in the Hebrides, in Stornoway, so that’s serious Scotland,” Donald Trump told an interviewer in 2010.

    The U.S. presidential candidate has long made much of his Scottish roots. He likes Scotland so much that he chose Aberdeenshire as the location for a controversial £1 billion golfing complex.

    But the plutocrat’s relationship with his adopted home has been a rocky one. The Scots appear to be turning on him in the wake of this week’s call for “a total and complete shutdown of Muslims entering the United States.”

    The Herald, one of Scotland’s largest newspapers, carried a front page advert Tuesday for another of Trump’s Scottish golfing interests, at Turnberry. By Wednesday, almost all of Scotland’s political establishment, and even its universities, had made clear their disapproval of Trump’s latest outburst.

    Nicola Sturgeon, Scotland’s first minister, announced she was withdrawing the U.S. mogul’s membership of GlobalScot, an international business network, with “immediate effect.”

  • "In May, when two terrorists attempted to kill a whole bunch of people in Garland, Texas, and were stopped by great local law enforcement ... that morning before one of those terrorists went to attempt mass murder, he exchanged 109 messages with an overseas terrorist," Comey said.

    "We have no idea what he said because those messages were encrypted. And to this day I can't tell you what those messages said with that terrorist 109 times the morning of that attack. That's a big problem, and we have to grapple with it."

    ISIS (also known as the Islamic State and ISIL) claimed responsibility for the Garland attack. Two gunmen, who authorities have said inspired by ISIS rather than directly tied to the group's core base in the Middle East, opened fire at a contest that featured drawings of the Prophet Muhammad. The gunmen, who started shooting outside the venue where the contest was held, wounded a security guard before other officers shot and killed them.

    One of the shooters was reportedly known to the FBI long before the Garland attack. For weeks before the shooting, ISIS supporters on the internet had been calling for attacks on the drawing contest.

    It's not just Garland, either — the issue of encryption came up again after terrorists affiliated with ISIS carried out attacks across Paris in November, killing 130 people and wounding hundreds more.

  • Reply to

    Bring back Joseph Welch

    by w.heinlein Dec 9, 2015 2:01 PM
    unclefulbert unclefulbert Dec 9, 2015 2:32 PM Flag

    heinlein,

    How do you stand up to change the mob's mind that Obama was born in Kenya and a Muslim brotherhood plant?

  • Reply to

    Rush just unloaded on Carly

    by langosta_fla Dec 9, 2015 12:52 PM
    unclefulbert unclefulbert Dec 9, 2015 2:29 PM Flag

    lang,

    That's a silly question. Let's assume Jed Bush got the nod as the Democratic nominee and it were just between Jed and Donald. Jed might likely going to 'wipe the floor.'

    Problem with the GOP camp is that those likely voters are conservatives who are set in their old ways of life --- bring back racial segregation, hang all sinners and the earth is the center of the universe etc.

  • Reply to

    Why is the oil price drop bad news?

    by w.heinlein Dec 7, 2015 2:12 PM
    unclefulbert unclefulbert Dec 8, 2015 2:50 PM Flag

    heinlein

    You can't look at a single months data while the impact of more efficient autos is a big factor on petro demand. Suggest you search for " Gasoline Volume Sales and our Changing Culture
    November 23, 2015 by Jill Mislinksi " to see a better trend.

  • By David Lawder and Richard Cowan

    WASHINGTON (Reuters) - As negotiations over a $1 trillion U.S. spending bill dragged on, Republican leaders in the U.S. House of Representatives said on Tuesday they would seek to pass a stop-gap spending bill to avoid a government shutdown early on Saturday.

    House Speaker Paul Ryan said the extension would likely last a "handful of days" to allow work on the spending bill to be completed, potentially over the weekend. Current government agency spending authority expires at midnight on Friday.

  • Reply to

    Lying and bee-essing

    by w.heinlein Dec 7, 2015 2:33 PM
    unclefulbert unclefulbert Dec 7, 2015 4:09 PM Flag

    heinlein,

    The public seemed to take the truth from performers like Trump, Religious crusader Carson and Blowhard Fiorina's (convincing fetus act.) Well, we deserve what we deserve in the White House.

  • unclefulbert unclefulbert Dec 4, 2015 3:32 PM Flag

    Only one liked the jokie?

    From the same film:

    Kev: Why won't a cannibal eat a clown?
    Chook: Dunno.
    Kev: 'Cause he thinks it tastes funny.

  • Kev: Obama went to a fancy dress party with a woman on his shoulders. And, uh, the people at the party said, "Well, what have you come as?" And he says, "Oh, I've come as a tortoise." And they said, "Well, why have you got a woman on your shoulders?" And he said, "Oh, that's Michelle."
    Chook: Why is that funny?
    Kev: Michelle, mate. Michelle. Michelle ... my shell. Get it?

  • The Nov. 10 report by Forbes real estate writer Betsy Schiffman says: "The median home price in 94027 -- the most expensive ZIP code for three years running -- was $10.6 million over the summer. Last year, it was a little over $9 million. ... Or as town resident David Jones told The Daily News in May, "you get more bang for your buck" in Atherton than in other cities such as Palo Alto, where smaller houses on smaller lots sell for almost as much. At least in Atherton most lots are full acres and the houses are often quite large, he added.

    "In Atherton, unlike other areas, you get a large floor area," Realtor Brent Gullixson told Forbes. "You have room for a dedicated theater or garage space for car collectors. Obviously there's a big connection here to tech, and we're near the epicenter of the boom, but Atherton doesn't necessarily have to rely on it."

  • unclefulbert unclefulbert Dec 4, 2015 11:03 AM Flag

    helen,

    No, we are just getting older by the day boomers.

  • unclefulbert unclefulbert Dec 4, 2015 10:27 AM Flag

    nd,

    The guy who lives down my street has been out of work for 20 years or more. I am out of work for 14 ... So, what is your angle? Not the low Labor Participation Rate again I hope.

  • unclefulbert by unclefulbert Dec 4, 2015 9:13 AM Flag

    Canada lost 36K jobs in November and the unemployment rate edged up 10 basis points to 7.1%. Expectations had been for a loss of 10K jobs, with the unemployment rate steady.
    October had shown a job gain of 44K.
    Both October's outsized gain as well as the November give-back appear to be tied to temporary hiring around the final weeks of the country's elections.
    Stronger on the session before the number, the loonie is now lower by 0.3% to $0.7466. Also at work is the solid U.S. jobs report which came out at the same time as the Canada number.

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