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Business/Economy (Bloggers & Personal)

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  • Iran discovers shale oil reserves

    04/28/2016 12:06:16 PM PDT · by 2ndDivisionVet · 4 replies
    Hellenic Shipping News ^ | April 28, 2016 | Azer News
    Energy-rich Iran, which is the fourth country in the world for its proven oil reserves of 158 billion barrels, has discovered shale oil reserves in the Lorestan Province. This was announced by the Director of Center for Exploration and Production at the country’s Oil Ministry, Mohammad Reza Kamali on April 25. The project of studying the shale reserves is completed by 47 percent, he said, adding that the studies, conducted in cooperation with German RWTH Aachen University prove the existence of significant reserves of shale oil in Lorestan Province. However, Kamali did not disclose whether Iran plans to extract shale...
  • Oil Prices Jump To Six-Month High

    04/28/2016 11:55:35 AM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 28-04-2016 | Chemokuurtje
    Oil prices surged to their highest levels in six months on Wednesday as the Fed left interest rates unchanged. WTI jumped by 2.8 percent to $45.29 per barrel and Brent climbed by 3.17 percent to $47.19 per barrel. Those are the highest prices so far in 2016 and the oil markets continue to bet on rising momentum for crude. The Federal Reserve added strength to oil when it announced its decision to leave interest rates unchanged, a move that caused the dollar to weaken and oil prices to rise. The Fed also softened its language regarding its concerns over the...
  • Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy

    04/28/2016 11:47:41 AM PDT · by jazusamo · 10 replies
    NLPC ^ | April 28, 2016 | Mark Modica
    Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits? If Tesla has proven that EVs can be profitably manufactured, it is...
  • Oof: U.S. GDP growth a horrendous 0.5 percent in 2016 1Q

    04/28/2016 8:58:02 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 04/28/16 | Dan Calabrese
    The new normal: The economy is not good. The economy has not been good for the entire Obama presidency Businesses aren’t spending money. Neither are consumers. And while the unemployment rate is made to look good, record low labor-force participation tells a different story. The economy is not good. The economy has not been good for the entire Obama presidency. And while Democrats hope we’re getting used to horrendous news like this, we shouldn’t be: The U.S. economy grew at its slowest pace in roughly 2 years, climbing just 0.5 percent in the first three months of 2016.
  • In 1 Out Of Every 5 American Families, Nobody Has A Job

    04/27/2016 6:20:35 PM PDT · by SeekAndFind · 24 replies
    TEC ^ | 04/27/2016 | Michael Snyder
    If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring...
  • First “Illegal” Shipment Of Oil Leaves Eastern Libya

    04/27/2016 11:52:15 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2016 | Slav
    A cargo of 650,000 barrels of crude left the Libyan port of Hariga yesterday, in the eastern part of the conflict-torn country, sparking what promises to be another phase in the conflict as the Islamic-leaning government in Tripoli vows to block the maneuver. This premature attempt at crude oil exports could have huge implications for international efforts to unite the country under the new Government of National Accord (GNA), which was formed with UN support, because eastern Libya is controlled by a government based in Tobruk, which has not yet recognized the GNA of Fayez Serraj.
  • Research university hides results of fracking study which fails to prove it’s dangerous

    04/26/2016 4:53:07 PM PDT · by 2ndDivisionVet · 18 replies
    Hot Air ^ | April 26, 2016 | Jazz Shaw
    What happens when a university research department is tasked with conducting a study of the harmful effects of fracking on ground water and other environmental concerns? Well, that depends on who provides their research money and what the results turn out to be. In the case of the University of Cincinnati, a lot of their funding comes from groups which have a vested interest in proving how harmful fracking is so it’s hardly a surprise that they lost interest in the study when it failed to produce any evidence of ground water contamination near commercial fracking sites. Jeff Stier, senior...
  • Could Sabotage Cause A Surge In Oil Prices?

    04/26/2016 3:22:22 PM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 26-04-2016 | Dwayne Purvis
    Hidden among the ballyhoo about a collaborative freeze in production growth, a less visible but far more effective dynamic has affected, and likely will affect, oil supply and price: military intervention. There have always been three routes out of the unsustainably low prices: natural decline/growth of supply/demand, collaboration constraints on supply, and military conflict. Since January, while the talk of a growth freeze had no effect whatsoever on actual supply, the natural decline/growth did reduce the overhang by a couple of hundred thousand barrels of oil per day. Meanwhile, two little-discussed and less-understood military interventions took a combined 900,000 bopd...
  • Are Oil Dividends Worth it?

    04/26/2016 2:32:38 PM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 26-04-2016 | Paperchaser
    Are you tempted by nice dividends such as BP’s 7.53 percent and Shell’s 7.31 percent? Long-term investors are. They’re lapping up the oil majors on dips to cash in on their impressive dividend yields in hopes that the massive rally in crude oil from the lows of $27.10 per barrel is an indication that crude has bottomed out and higher prices are around the corner. The large investors are pursuing the oil majors for their stability and safety, which has boosted their prices, but even after the rise, prices remain below their 2015 highs. The oil majors are expected to...
  • The Science ISN'T Settled: A Response to the Climate Change Crybullies (Feat. Mark Steyn)

    04/26/2016 6:38:08 AM PDT · by fredericbastiat1 · 10 replies
    The New Criterion ^ | 4/25/16 | The New Criterion
    In the face of a monolithically climate alarmist academia, media and government, several courageous individuals are working to unsettle the purportedly “settled science” of climate change, arguing that carbon dioxide atmospheric enrichment provides manifold benefits for mankind, that flawed economic models are being used to justify anti-capitalist and destructive public policies, that mild warming of the planet ought to be celebrated and fighting back courageously against those who wish to chill free speech by using the law to litigate science. This is their story. Featured speakers include Mark Steyn, international bestselling author and commentator, Dr. Craig Idso, Founder Former President...
  • Wildcatters try to strike Alaska's next big oil score

    04/25/2016 10:55:28 PM PDT · by 2ndDivisionVet · 3 replies
    CNBC ^ | April 22, 2016 | Tom DiChristopher
    For the past 50 years, the oilfields of Alaska's North Slope have been dominated by BP, Exxon Mobil and ConocoPhillips. The big three produce much of the state's oil and gas, but independent drillers are now trying to pioneer the Last Frontier's energy future. Independent exploration and production companies have historically been willing to take on the country's riskier oil plays, operating with skinny profit margins and applying new technology to try for potentially huge payoffs. In Alaska, recent discoveries could hold the key to stemming a nearly three-decade decline in the state's oil output. The finds could rank among...
  • [VANITY] Chip in Debit and Credit Cards. Should I Be Worried?

    04/25/2016 4:34:42 PM PDT · by Extremely Extreme Extremist · 121 replies
    EEE | 25 APRIL 2016 | EEE
    Just received my new debit card from my bank. It has a chip in it. Is this the Mark of the Beast?
  • Climate deniers: It’s time to stop denying

    04/25/2016 4:05:32 PM PDT · by 2ndDivisionVet · 72 replies
    The Hill ^ | April 25, 2016 | Bill Nye
    Thirty-five dollars: As I write, that’s the price for a barrel of oil. We’re extracting like crazy and burning like there’s no tomorrow, for real, pumping carbon dioxide into the air we all share. Meanwhile, very few pumps are turning a profit. Ten thousand dollars: that’s what I would have offered a climate change denier pundit, who prefers to be called a climate change “doubter.” I was ready to pay Marc Morano $10,000 if 2016 turns out not to be one of the 10 hottest years ever recorded. He didn’t take the bet, because 2016 will indeed be among the...
  • Drill will: America, not OPEC, decides the fate of global oil markets

    04/25/2016 2:55:17 PM PDT · by 2ndDivisionVet · 11 replies
    The Economist ^ | April 23, 2016
    “WE DON’T care about oil prices,” Muhammad bin Salman, Saudi Arabia’s deputy crown prince, recently told Bloomberg, a news agency: “$30 or $70, they are all the same to us.” Such comments by the man calling the shots in the world’s biggest oil power should be taken with a pinch of salt. Low oil prices cost the country billions, threaten its credit rating and are turning it from creditor to debtor: this week it set out to raise $10 billion from global banks. Yet the claim is not entirely hollow, either. Saudi Arabia is determined not to give any succour...
  • The Real Reason Saudi Arabia Killed Doha

    04/25/2016 11:46:55 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 25-04-2016 | Captain Hook
    Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason. The Russians and others agreed to proceed without Iran, planning to include them at a later date. So if everything was known beforehand, why did the Saudi’s pour cold water on the aspirations of the remaining members, risking its alienation from Russia and the OPEC community? Was it simply Saudi enmity toward Iran? Not exactly. Upon closer scrutiny, we can find the Saudi masterstroke behind Doha. It is well known that Saudi Arabia is heavily dependent on oil revenues, and that...
  • U.S. Government Is Now a Major Counterparty to Wall Street Derivatives

    04/24/2016 7:43:59 PM PDT · by Lorianne · 19 replies
    Wall Street on Parade ^ | 21 April 2016 | Pam Martens and Russ Martens
    According to a study released by the Federal Reserve Bank of New York in March of last year, U.S. taxpayers have already injected $187.5 billion into Fannie Mae and Freddie Mac, two companies that prior to the 2008 financial crash traded on the New York Stock Exchange, had shareholders and their own Board of Directors while also receiving an implicit taxpayer guarantee on their debt. The U.S. government put the pair into conservatorship on September 6, 2008. The public has been led to believe that the $187.5 billion bailout of the pair was the full extent of the taxpayers’ tab....
  • Jackson loses the battle of Political Correctness

    04/24/2016 9:32:33 AM PDT · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 04/24/16 | Jeff Crouere
    In 2016, angry citizens tired of being abused and mistreated are looking for a leader like Andrew Jackson once again In many of our history books today, Christopher Columbus did not discover America, instead he was a ruthless white European marauder who brutalized peaceful indigenous people and helped spread disease among their midst. This type of historical revisionism was on full display this week when one of our greatest Presidents and military heroes, Andrew Jackson, was removed from the front of the $20 bill. Eventually, he will be featured on the back of the bill, while the image of Harriet...
  • Obama tries telling Brits wanting out of the EU what to do

    04/24/2016 9:22:22 AM PDT · by Sean_Anthony · 13 replies
    Canada Free Press ^ | 04/24/16 | Judi McLeod
    But then again Marxist name-calling of their enemies is now universal The most ridiculous sound in the world has gotta’ be the one of an overbearing Barack Obama rattling his saber at Brits who want out of the EU. It’s going to take more than insipid “back off” orders from from the likes of Obama to frighten Brits from voting the way they want on Brexit. A feeble quack from a lame duck on his way out of public office will never dim the knowledge that it comes from a no-boots-on-the-ground in jihadist-held territory, no-skin-in-any-game-but-his-own, semi-golf pro, part-time president.
  • The Future Of Vending Machines: Freshly Made Pizza, Do-It-Yourself Muffins

    04/23/2016 7:58:42 PM PDT · by 2ndDivisionVet · 30 replies
    WBBM-AM ^ | April 14, 2016 | Vince Gerasole
    Vending machines and food might conjure up some negative images: -Shaking the machine when your potato chips get stuck. -Not the best options for dining. CBS 2’s Vince Gerasole reports that’s all changing. He paid a visit to a vending machine trade show in Chicago. How’s this for a treat? A TCBY yogurt with Oreo crumbs. It starts with a touch screen where you choose sizes, flavors and toppings. No, an army of oompa loompas isn’t inside the big box. It’s a robotic assembly line. Meanwhile, Matty Castellano is selling fresh pizza from a vending machine....
  • Japan's Next Generation of Farmers Could Be Robots

    04/23/2016 5:03:07 PM PDT · by 2ndDivisionVet · 19 replies
    Bloomberg | April 22, 2016 | Aya Takada
    Link only due to copyright issues: http://www.bloomberg.com/news/articles/2016-04-23/robots-replacing-japan-s-farmers-seen-preserving-food-security
  • The Porn Industry Is Terrified of Ted Cruz, Thinks Donald Trump Is a Joke

    04/23/2016 4:30:23 AM PDT · by 2ndDivisionVet · 38 replies
    The Daily Beast ^ | April 22, 2016 | Aurora Snow
    Now that the 2016 presidential election season is in full swing, which candidate(s) are people in the adult industry supporting? Every election year is a nail-biter for pornographers, who are wracked with worry over potential persecution from the next presidential administration. Demonizing the porn industry under the guise of protecting the public’s morality is an old politician’s trick. Charge XXX producers with obscenity, collect fines and put a dent in the debauchery. “Obscene” porn is illegal but not all porn is obscene. Content that was considered extreme 15 years ago might be closer to the norm now. In the late...
  • De Blasio to mandate energy retrofits for privately owned buildings

    04/22/2016 3:33:59 PM PDT · by 2ndDivisionVet · 41 replies
    The Politico New York ^ | April 22, 2016 | David Giambusso
    Mayor Bill de Blasio announced Friday that he will impose mandates on the commercial real estate sector to achieve dramatic greenhouse gas emissions among the city's building stock — by far the city's biggest contributor to global warming. In an announcement tied to Earth Day, the mayor's office said the requirements, along with city programs and incentives, would help kickstart the mayor's goal of cutting building emissions dramatically over the next 35 years. The mandates are a significant development for the city's real estate world. When de Blasio announced a plan two years ago to cut building emissions, he threatened...
  • Target Is Off the Mark with It's Latest Decision

    04/22/2016 9:13:02 AM PDT · by Stand Up For America Today · 38 replies
    Stand Up For America Today ^ | 4/22/2016 | AJ Watson
    Target has decided to allow its customers to use the toilet facility of the gender that they "associate with." So the next time you send your daughter into the bathroom by herself, she may very well be in a stall beside a man....by herself....without you. Take that in for a second. Or do you even care? In just another step that baffles common sense, Target along with several state legislatures are informing Americans that we have had our "potty privileges" wrong all these years. Clearly we were backwards in thinking that women should go to bathrooms emblazoned with "WOMEN" signs...
  • Northeastern Launches Consortium To Develop Nanotech Materials

    04/22/2016 2:10:55 AM PDT · by 2ndDivisionVet · 7 replies
    WBUR-FM ^ | April 19, 2016 | Erica Morrison
    BURLINGTON, Mass. -- Northeastern University will create a consortium of private companies and universities to develop smart sensors and other nanomaterials, or extremely small components that are built by “nanoscale” printing processes. Northeastern President Joseph Aoun announced the plan Tuesday at the university’s Kostas Research Institute for Homeland Security on its Burlington campus. The consortium will be housed there, as well as at Tufts University and University of Massachusetts Boston. Nanomaterials are crucial to the so-called “Internet of Things,” the emerging network of objects that can collect and share data. Possible commercial applications could include highly precise monitoring of premature...
  • Can We Stop Freaking Out Over Trump's Bathroom Comments?

    04/21/2016 3:42:46 PM PDT · by Extremely Extreme Extremist · 222 replies
    EEE | 21 APRIL 2016 | EEE
    Here's what Trump said: “Leave it the way it is. North Carolina, what they’re going through with all the business that’s leaving, all of the strife — and this is on both sides. Leave it the way it is.” He continued, “There has been so little trouble. And the problem with what happened in North Carolina is the strife and the economic — I mean, the economic punishment that they’re taking.” (1) Where exactly, did Trump stand up for the rights of male perverts and trannies to take a whiz or go #2 alongside with or do worse things to...
  • Not in my bathroom!’ a coming trend?

    04/21/2016 11:58:57 AM PDT · by Sean_Anthony · 17 replies
    Canada Free Press ^ | 04/21/16 | Judi McLeod
    Why all of a sudden has the Transgender issue in the bathroom become the latest craze of the lib-left? Why is it that there are few, if any, Transgender Bathrooms in the White House, the House of Commons, at Brussels EU headquarters, the UN or in the hallowed halls of any other nation’s ivory towers? Many of the occupants of these edifices, who spent taxpayers’ billions in renovation projects, didn’t see the march of the transgenders coming? It’s because like taxes, bylaws, decrees, ordinances and rules sent down the pike from authorities the world over, the forced use of transgender...
  • More Woes for Tesla from Consumer Reports

    04/21/2016 11:06:58 AM PDT · by jazusamo · 50 replies
    NLPC ^ | April 21, 2016 | Paul Chesser
    As it continues to defy common sense and the laws of economics with its lofty stock price, Tesla has again shown it has little corporate competence in the ability to deliver a consistently functional product that satisfies customers. The latest evidence comes in the recently rolled out Model X, which is allegedly an SUV, but looks like just another car. Retailing at a price only the extremely wealthy can afford ($138,000), the all-electric follow-up to the similarly troubled Model S automobile has stumbled out of the gate. The problems were outlined in a Consumer Reports article posted online Tuesday,...
  • Left pretty excited to see racist Americans recoil at $20 bills featuring Harriet Tubman

    04/21/2016 5:48:30 AM PDT · by Sean_Anthony · 58 replies
    Canada Free Press ^ | 04/21/16 | Dan Calabrese
    Too bad for them almost no one is doing so Left pretty excited to see racist Americans recoil at $20 bills featuring Harriet Tubman You almost wonder if they did it just to bait certain people into racist reactions, because boy, what a story that would be for the race-baiting left and their media allies in a presidential election year. Defeat the Tubman-hating racist Republicans! Of course, there’s nothing at all wrong with Harriet Tubman being on the $20 bill, because a) she was a perfectly admirable historical figure; and b) it doesn’t matter in the slightest whose face is...
  • Inspectors Delay Cuba Cruise Brand's Test Trip (SJW cruises)

    04/20/2016 7:11:19 PM PDT · by 2ndDivisionVet · 6 replies
    The Maritime Executive ^ | April 12, 2016 | Staff
    The 700-passenger cruise vessel Adonia, operated by the new Carnival Group "social impact" Cuba travel brand Fathom, has been prohibited from departing on its first cruise due to inoperable fire doors, the U.S. Coast Guard said in a statement Tuesday. The Adonia was to leave Sunday for its first weeklong trial cruise to the Dominican Republic, but a Coast Guard inspection found that 30 fire doors tested inoperable. A USCG spokesman told Cruise Critic that the agency was working with Carnival to get the problem corrected before Adonia sails. "The cruise ship failed several portions of the [inspection] ....
  • McDonald's tests smaller Big Macs, which kind of defeats the purpose of a Big Mac

    04/20/2016 3:25:02 PM PDT · by 2ndDivisionVet · 94 replies
    AOL Lifestyle ^ | April 20, 2016 | Clint Rainey, Grub Street
    (VIDEO-AT-LINK)Pushing pause on that mission to simplify, McDonald's has moved in the other direction and unleashed a whole family of different-size Big Macs. Yesterday, the original size was joined by smaller and larger extremes in two test markets, Dallas and central Ohio. Columbus Business First reports the trio will remain on store menus until June 6, at which point the chain will see how customers reacted. At the more petite end is the new Mac Jr., a single-layer sandwich supposedly designed to be easier to eat, although the menu has six plain, smaller-size burgers already. The largest size has been...
  • There's an even better solution to poverty than a $15 minimum wage (Basic universal income)

    04/20/2016 2:16:51 PM PDT · by 2ndDivisionVet · 33 replies
    Tech Insider ^ | April 20, 2016 | Chris Weller
    Bernie Sanders and Hillary Clinton spent a great deal of time debating the merits of raising the minimum wage at the last Democratic debate on April 14. Sanders, ever the radical, stood behind the popular $15 minimum wage figure that will soon take hold in California and New York. Clinton, who's long pushed for $12, updated her position in support of $15 figure. Both could be misguided. While raising the minimum wage does make sense on paper — working people need to make more to survive than they can on today's minimum wage, so we should give them more money...
  • Lithium War Heats Up After Epic Launch Of Tesla Model 3

    04/20/2016 8:31:48 AM PDT · by bananaman22 · 45 replies
    Oilprice.com ^ | 20-04-2016 | Elon
    The unveiling of Tesla’s Model 3 electric car was no less than the lifting of the final curtain on a game-changing energy revolution. And if we follow that revolution to its core, we arrive at lithium—our new gasoline for which the feeding frenzy has only just begun. Unveiled just on 31 March and already with 325,000 orders, it seems that the market, too, understands that the Model 3 is more than just another electric vehicle. In one week alone, Tesla has racked up around $14 billion in implied future sales, making it the “biggest one-week launch of any product ever.”...
  • Who says Obama can’t create jobs? Full-time Gun industry jobs increased almost 75% since 2008

    04/19/2016 6:12:25 PM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 04/19/16 | Robert Laurie
    Profits, wages, and tax revenues skyrocket too! Sometimes we’re tough on President Obama. He’ll make some specious claim about the economy and we’ll be right there, ready to point out all the reasons it’s a load of hogwash. Today, however, we’re not going to do that. Today, we’re going to congratulate him. Barack Obama is history’s greatest gun salesman. He’s inspired Americans - particularly women - to purchase record numbers of weapons and that’s created (pardon the pun) a gun-industry boom. Jobs, wages, profits, and tax revenue have risen sharply during his tenure. In fact, a new report suggests that...
  • Will we ever stop using fossil fuels?

    04/18/2016 4:39:30 PM PDT · by 2ndDivisionVet · 63 replies
    MIT News ^ | February 24, 2016 | Peter Dizikes
    In recent years, proponents of clean energy have taken heart in the falling prices of solar and wind power, hoping they will drive an energy revolution. But a new study co-authored by an MIT professor suggests otherwise: Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas, and coal we can, unless governments pass new taxes on carbon emissions. “If we don’t adopt new policies, we’re not going to be leaving fossil fuels in the ground,” says Christopher Knittel, an energy economist at the MIT Sloan School of Management. “We need both a policy...
  • ISIS Tries To Sow Chaos In Libya To Scare Oil Workers Away

    04/18/2016 4:11:35 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 18-04-2016 | Moammar
    As Libya wrangles over who is going to control its oil, the Islamic State is closing in, using sporadic attacks designed to rattle nerves and force oil-field evacuations or worker strikes out of fear. In recent months, ISIS has deployed a large number of fighters at several oil fields, and has been planning attacks on foreign workers as well as oil wells. In February 2015, one of the ISIS-inspired attacks on the Mabruk field killed nearly 12 people including four foreign nationals. In early January, ISIS launched an attack on the Es-Sidra and Ras Lanuf oil export terminals in the...
  • Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?

    04/18/2016 1:58:16 PM PDT · by SeekAndFind · 44 replies
    TEC ^ | 04/18/2016 | Michael Snyder
    The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving away from the big cities? Could it be possible that they have many of the same concerns that “preppers” do about what is coming? For quite a while, I have been writing about how the...
  • CrazyRussianHacker, Plagiarist and DMCA abuser! #WTFU

    04/18/2016 1:24:11 PM PDT · by EveningStar · 9 replies
    YouTube ^ | April 17, 2016 | Thunderf00t
    So when I first made a video showing that CrazyRussianHackers idea about using dry ice for an air conditioner was basically suicidal, I really didnt think anything would come of it. Then recently he filed a DMCA takedown of my video. This resulted in a strike against my account and me losing access to certain features. Now thats a special brand of idiot who makes a video about a suicidal way to chill the air, then files a baseless copyright takedown of the only warning about how dumb that idea is. Especially against a guy like me who has a...
  • Surprising no one, Bernie flip flops on suing gun manufacturers

    04/18/2016 12:05:43 PM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 04/18/16 | Robert Laurie
    Buh-bye, principles. I'm losing! Last week, we talked about Hillary’s ridiculous desire to let victims of gun crime sue the manufacturer of the weapon in question. Essentially, if some dirtbag shoots you with a Remington, Hillary wants to let you sue Remington Arms. It’s not about justice or recompense; it’s about enacting a de facto firearm ban by suing their makers out of existence. It’s also a horrible precedent that could be applied to virtually any item in existence. If someone uses a car, knife, baseball bat, Furby, or frying pan to commit a violent act, the aggrieved party would...
  • Great: Obama encouraging health insurers to sue federal government, then offering fat settlements

    04/18/2016 11:53:46 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 04/18/16 | Dan Calabrese
    Circumventing Congress's ban on the use of federal money to bail out ObamaCare casualties. I’m sure you’re all quite familiar with the Obama Administration’s proclivity for ignoring Congress and doing whatever it wants, whether that means refusing to enforce the law or attempting to shove gun control down the nation’s throat. But if you think Obama only does this via executive orders, you haven’t quite grasped the full scope of his lawlessness. Let’s say you want to spend money to bail out health insurers that you have driven to the brink of ruin by passing ObamaCare. But Congress (thanks in...
  • Half Of Kuwaiti Oil Production Offline After Massive Strike

    04/18/2016 9:22:28 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 18-04-2016 | Ali
    While everyone is talking about the failure of the Doha negotiations, Kuwait has more than made up for OPEC’s failure all on its own. Kuwait’s oil workers walked off the job this weekend, flexing their muscles over a pay dispute. The state-owned Kuwait Oil Company took to Twitter to report the damage done by the workers strike, announcing that oil production fell to 1.1 million barrels per day on Sunday, a catastrophic development considering it normally produces nearly 3 mb/d. Also, Kuwait Petroleum Corp., the state-owned refining company, said that its production of refined products dropped from 930,000 to 520,000...
  • Revolutionary steel treatment paves the way for radically lighter, stronger, cheaper cars

    04/18/2016 12:15:38 AM PDT · by 2ndDivisionVet · 35 replies
    GizMag ^ | December 10, 2015 | Loz Blain
    Back in 2011, we wrote about a fascinating new way to heat-treat regular, cheap steel to endow it with an almost miraculous blend of characteristics. Radically cheaper, quicker and less energy-intensive to produce, Flash Bainite is stronger than titanium by weight, and ductile enough to be pressed into shape while cold without thinning or cracking. It's now being tested by three of the world's five largest car manufacturers, who are finding they can produce thinner structural car components that are between 30-50 percent lighter and cheaper than the steel they've been using, while maintaining the same performance is crash tests....
  • This California Town Wants to be the Next Marijuana Mecca

    04/17/2016 11:53:01 PM PDT · by 2ndDivisionVet · 16 replies
    NBC News ^ | April 16, 2016 | Heesun Wee, CNBC
    If California is the land of reinvention, the small desert city of Adelanto fits the bill. Roughly a two-hour drive east from Los Angeles, Adelanto was founded in 1915 by an inventor who wanted to sell land to World War I veterans. His dream never materialized and the region was taken over by orchard farms, then poultry ranches. The nearby George Air Force Base opened and eventually closed in the early 1990s. The city more recently made a solar play, but the energy market fizzled. City unemployment hovers at 14 percent, well above the national unemployment rate of under 5...
  • Carbon3D Unveils Breakthrough CLIP 3D Printing Technology, 25-100X Faster

    04/17/2016 9:27:21 PM PDT · by 2ndDivisionVet · 17 replies
    3D Print ^ | March 16, 2016 | Brian Krassenstein
    In what may be one of the biggest stories we have covered this year, a new company, Carbon3D has just emerged out of stealth mode, unveiling an entirely new breakthrough 3D printing process, which is anywhere between 25 and 100 times faster than what’s available on the market today.The privately-held Redwood City, California-based company, Carbon3D, was founded in 2013, and since then has been secretly perfecting a new 3D printing technology which promises to change the industry forever. The technology that the company calls Continuous Liquid Interface Productiongo technology (CLIP) works by harnessing the power of light and oxygen to...
  • NY Times Bosses Warn Managers: Meet Diversity Goals or Get Fired

    04/17/2016 9:13:38 PM PDT · by Olog-hai · 51 replies
    NewsBusters ^ | April 17, 2016 | 10:11 PM EDT | Tim Graham
    Washington Post media blogger Erik Wemple reports that The New York Times is getting very serious about diversity goals in recruiting, hiring, and promoting. Chief Executive Mark Thompson raised eyebrows at a gathering of managers on the business and news sides of the newspaper. According to three Wemple sources, “Supervisors who fail to meet upper management’s requirements in recruiting and hiring minority candidates or who fail to seek out minority candidates for promotions face some stern consequences: They’ll be either encouraged to leave or be fired.” …
  • Survey: Most Millennials Do Not Support Reparations to Black People for Slavery

    04/17/2016 3:25:53 PM PDT · by 2ndDivisionVet · 51 replies
    The Atlanta Black Star ^ | April 13, 2016 | David Love
    A 2016 Fusion Issues Poll surveyed 1,045 adults from ages 18 to 35. The survey revealed how young people feel about a number of social justice issues related to race, especially reparations. For example, 62 percent of young people say they are opposed to the government providing reparations to African-Americans for slavery, while 32 percent support the measure. However, the breakdown is much different along racial lines. For example, 62 percent of Blacks and 40 percent of Hispanics say they support reparations, while a paltry 21 percent of whites are in favor. Moreover, even when it comes to a mere...
  • Sport Chalet closing all of its stores

    04/16/2016 8:16:14 PM PDT · by chrisinoc · 66 replies
    OC Register ^ | 4/16/2016 | LILY LEUNG and LOU PONSI
    Sport Chalet announced on Saturday that it is closing all of its stores and has stopped selling goods online. "While our online store is no longer available, all Sport Chalet stores will remain open for several weeks, offering customers the opportunity to use their remaining rewards and gift cards, and to take advantage of great sales," the chain says on its website. Michelle De Leon, a department head at the Sport Chalet in Lake Forest, said employees found out about the store closure through their general managers on Thursday.
  • Sanders Says Unemployment a ‘Viable Weapon in War against Global Warming’ [semi-satire]

    04/16/2016 11:58:16 AM PDT · by John Semmens
    Semi-News/Semi-Satire ^ | 17 Apr 2016 | John Semmens
    In Thursday’s debate, Democratic presidential candidate Sen. Bernie Sanders (S-Vt) wowed the Party faithful by promising that “economic dislocation and job losses will necessarily be part of our strategy to combat global climate change. The demise of any business or any individual, for that matter, must be a price we’re willing to pay to save the planet.” “Our addiction to prosperity must end,” Sanders demanded. “Most of humanity around the globe lives without the conveniences to which Americans have become accustomed. How can we justify luxuries like air conditioning, cable television, and private automobiles when the cost of these items...
  • New Book Claims Americans Don’t Really Like Guns

    04/16/2016 8:05:21 AM PDT · by PROCON · 38 replies
    nraila.org ^ | April 15, 2016
    Gun control supporters will no doubt be all aflutter about a new book that tries to validate one of their longtime favorite theories, while appearing to help their preferred presidential candidate appeal to anti-capitalist voters within the Democratic Party. The theory, which makes perfect sense to voters who believe that demand is driven by supply, is, as the Washington Post describes it, that “[g]uns in America were no big deal until big business made us love them.” The book, The Gunning of America: Business and the Making of American Gun Culture, points its accusatory finger at the Winchester Repeating...
  • 3D Printing Houses from Concrete

    04/15/2016 4:39:22 PM PDT · by 2ndDivisionVet · 15 replies
    Hackaday ^ | April 15, 2016 | James Hobson
    We’ve seen 3D-printed houses before, but most make use of prefabricated chunks. This hurricane and tornado resistant hotel suite in the Philippines was printed in one shot. Sound familiar? This is the work of [Andrey Rudenko], who started by building a concrete 3D printer in his garage 2 years ago, moved on to 3D printing his kids a concrete castle in his backyard later that year and now appears to have a full-blown company offering commercial 3D printed houses. Way to go [Andrey]! The building was designed in Sketchup no less, and the printer makes use of Pronterface for the...
  • U.S. Oil Industry Fears That New Regulation Could Cost $25B

    04/14/2016 1:43:40 PM PDT · by bananaman22 · 6 replies
    Oilprice.com ^ | 14-04-2016 | Charly
    The Obama administration unveiled new regulations on offshore drilling on Thursday, rules that were several years in the making. The regulations stem from the 2010 Deepwater Horizon disaster in the Gulf of Mexico, a well blowout that resulted in the death of 11 workers and one of the worst environmental disasters in U.S. history. The regulations call for new well-control measures, limits the volume of fluids that can be injected into wells, and requires heightened well monitoring. ExxonMobil and other companies say the rules will impose costs as high as $25 billion over the next decade, pushing many offshore projects...