Free Republic

(Reuters) - Morgan Stanley (MS.N) will be straying ever further from its Wall Street roots in the coming months as it shifts more operations to lower cost cities like Mumbai and Budapest as it aims to slash costs. The investment bank on Tuesday announced an initiative to cut up to $1 billion by 2017 by using technology and outsourcing jobs now in its New York headquarters and other higher cost cities. However, it declined to give specific details about the number of jobs it would move to lower cost centers. While shifting so-called back office operations to cities where salaries...

After the Fox News-Google debate Megyn Kelly interviewed Ted Cruz. [7:40 Video begins with a 1:00 clip of the earlier debate] Kelly continued to pursue the "amnesty" angle that she'd begun during the debate [starting at 3:41] - about his history on illegals, immigration and amnesty, but concedes: Kelly: "I look at your record, a lot, to see: Did Ted Cruz really want legalization, or didn't he?" "I think the record supports you - that you did not want it; it does." "It really was a poison pill amendment." Then there is back and forth where Kelly states that Cruz...

Best debate so far Kelly asked Rubio to defend his getting elected to Senate by opposing amnesty, then working with Senate Dems to pass their Obama amnesty bill. She even asked Cruz to defend his trying to amend the same Senate bill on citizenship without specifically calling for it to oppose all legalization of illegals. These FNC questions are tough. Cruz asked to defend his opposition to ethanol. So far none of them have walked off the stage in protest. Trump made a good decision to no-show, since he says that him being questioned on his past statements is being...

Supermajors Shell and Italian Eni could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion barrels of crude oil at risk. As the new Nigerian government launches a rampaging anticorruption campaign, local media are reporting government recommendations to reclaim block OPL 245 from oil giants Shell and Eni. Nigerian Justice Minister and Attorney General Abubakar Malami is behind the recommendation, and is a key figure advising the government on the case. At issue is how Shell and Eni landed the block in the first place—a controversial deal that is...

A world where the government can take your children, your land, tax or fine you out of livelihood, seize your bank accounts, your property, impose the laws of eminent domain and tell you where you can and cannot pray The tragedy of Tuesday’s Oregon Malheur refuge affair is that like most other Americans, the occupiers mistakenly assume they still have freedom of movement in today’s America. They didn’t and don’t. And now a dead cowboy, barely mentioned in the Fox/Trump mainstream media saturation coverage, is the tragic result. The shooting which claimed the life of rancher LaVoy Finicum, father of...

Vietnam vets memorial at NYC brings tears, embraces, outrage By RANDALL HACKLEY Associated Press Writer NEW YORK 1AP r -- 1885 Thousands of Vietnam veterans who returned home to indifference or worse gathered in wheelchairs, military fatigues and business suits to help dedicate the ci-ty's memonal to these who fought in Southeast Asia Today. an estimated 20.000 veterans will get the homecoming they never received a decade ago when the last Americans left Vietnam A tickettape parade is planned across the Brooklyn Bndge into the -Canyon of Heroes" in Wall Street About A 000 Vietnam veterans came together Monday night...

Digital Currency: The Key Tool of 21st Century Monolithic Nanny State Tyranny   January 28, 2016 - 6:47 am | Current Events & Politics, Economics & Investing There has been talk of doing away with paper currency for several decades, but up until now that has mostly been idle conjecture and mostly bluster. Gradually, however, the building blocks of such a system have indeed been developed. These enabling technologies include: Credit cardsDebit cardsPostal metersCredit and debit card enabled pay phonesCredit and debit card enabled vending machinesCredit and debit card enabled “pay before you exit” parking garage kiosksGrocery and warehouse...

Volvo has made a pretty bold statement this week. It says it wants to make things so that no one dies in a Volvo or because of a collision with one by the year 2020. "If you meet Swedish engineers, they're pretty genuine," said Lex Kerssemakers, CEO of Volvo Cars North America. "They don't say things when they don't believe in it." A pretty serious lot it seems. People who say what the mean and mean what they say. "With the development of full autonomy we are going to push the limits of automotive safety," says Volvo safety engineer Erik...

Oil prices surged by midday on Wednesday on comments from Russian officials hinting at possible coordination with OPEC on production cuts in an effort to arrest the decline in prices. The day didn’t start off on such a positive note. The EIA reported a massive increase in oil storage levels – a jump of 8.4 million barrels last week. Inventories are at their highest levels in at least 80 years. That pushed oil prices down in early trading on Wednesday.

Hello folks. Taxcontrol here and I am taking over the Brewer/Vintner ping list from Red_Devil 232. The list is for all that work with yeast to produce alcohol. So Beer, Wine, Mead, Spirits, even fuel producers are all welcome. So some questions: - I am going to assume that you want to be on the list unless you tell me otherwise - How often is an approprite regularly scheduled ping to the list (any time a relevant article is posted, weekly, bi weekly, monthly)? - How often should we cover recipes and when? Friday perhaps? - any other thoughts or...

It seems you don’t have to shoot the messenger any more, just get a Texas grand jury to forget about that ham sandwich and indict the messenger, in this case David Daleiden, director of the Center for Medical Progress, and another pro-life activist, Sandra S. Merritt, for their videos exposing Planned Parenthood’s booming business of selling the body parts of aborted babies for cash.

The left loves to use false comparisons of unrelated numbers to make bad arguments.  In a recent article about the Shooting, Hunting and Outdoor Trade (SHOT)  Show in the Guardian, a far-left British newspaper, the reporters start with an off the cuff remark from an economics professor.  From the guardian.com: “People are buying guns as part of the American dream of freedom and liberty,” said Brauer, who is based at the Hull College of Business at Augusta University. “And also, the hope and the dream of being able to use guns in self-defence.” The Guardian then adds this: People...

With the internet age and its endless possibilities in the realms of publishing, communication, and collaboration, opportunities have never been so widely accessible for creators. But how has our new digital world affected the pathways to invention? In Inventology: How We Dream Up Things That Change the World, out today, journalist Pagan Kennedy offers a fresh take on how the digital era has upended the traditional pathways for creation. When Kennedy began writing about inventors for The New York Times, she soon "would marvel at how few of the people were professional inventors, designers, in corporate innovation labs." It led...

Inventories will continue to rise, but the momentum is slowing. The following are some observations as to how we got here and how we’re gonna get out. 9 reasons why oil has taken so long to bottom: 1. OPEC increased production in 2015 to multiyear highs, principally in Saudi Arabia and Iraq where production between the two added 1.5 million barrels per day (mb/d) to inventories after the no cut stance was adopted. 2. Russian production increased in 2015 to post Soviet highs. 3. Long planned Gulf of Mexico production began coming on in late 2015. 4. An overhang of...

The U.S. Supreme Court Upholds FERC Order 745: Bad News for Electric Generators and Good News for Consumers On Monday (January 25) the U.S. Supreme Court, by a 6 to 2 decision, issued a ruling supporting the U.S. Federal Energy Regulatory Commission Order 745 in a case titled Federal Energy Regulatory Commission vs Electric Power Supply Association (FERC vs EPSA). The issue before the court was whether FERC could compel regional power markets in the U.S. to pay consumers who reduce their electricity usage at critical periods. And if so, at what price? Consumers have adopted a panoply of energy...

Anecdotal evidence surrounding Chicago City Council’s Dec. 2, 2014, vote to hike the minimum wage by 58 percent over four and a half years suggests this trend will continue. The owner of the iconic Original Rainbow Cone ice cream shop in Beverley said she would be forced to cut the number of students her business employs over the summer by half. A Panera Bread location cited the hike when it decided to close, as did Home Run Inn pizza when it killed plans to open a new location in Portage Park.

Palestinian condition is based on their repeated rejection of generous Israeli peace offers Boycott, Divestment, and Sanction campaigns are not built on any solid foundation. They are built on a hypothesis, hypothesis being a proposed explanation based on limited evidence, or no evidence at all. It is used by BDS as their starting point and its lack of intellectual depth and honesty is draped in a mantle of emotional claims and sloganeering. No need to elaborate or produce facts or statistics. Emotional sloganeering is more effective in rousing support. Something hypothetic is based on an imagined situation rather than fact....

Iraq has been one of the key contributors to the uptick in OPEC oil production over the past year and a half. Despite the fact that the country’s crude oil output has continuously been plagued by security concerns and faltering payments to international oil companies from both the Kurdish regional government (KRG) and Baghdad and an ongoing row over oil export rights, it has still managed to ramp up production to record levels. Iraq’s consistent and record oil output last year is, by and large, contributable to the production in the south of the country. According to a January 16....

I've seen a photo copy posted on FR threads that purports to prove that Donald Trump has been a Republican since 1980. "Smoking Gun" has reported that Trump has often changed parties citing the same source - New York City Board of Elections. I don't know if this New York City Board of Elections information sourced in this article has been added to the mix [showing party affiliation changes on forms signed by Donald Trump] so I'll add it here for discussion. ".......According to the New York City Board of Elections, Trump has changed his party affiliation five times since...

Picture from The Canadian Press Details about the school shooting in Canada are still in short supply.  But it seems likely that the shooting was motivated by the media coverage that is given to mass shooters, especially school shootings, in the western world.  From thestarphoenix.com: "The community usually pulls together really strong in times like this," said Clearwater River Dene Nation Chief Teddy Clark on Friday. "Both Clearwater and La Loche, a lot of people are in shock. This is something that you only see on TV most of the time." (skip) Desjarlais-Thomas forwarded to The Canadian Press a...