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  • Inflation

    05/16/2022 3:19:59 AM PDT · by sodpoodle · 9 replies
    email from a friend | 5/16/2022 | unknown
    Inflation is so bad that…. My neighbor got a pre-declined credit card in the mail. Exxon-Mobil laid off 25 Congressmen. I saw a Mormon with only one wife. McDonald's is selling a 1/4 ouncer. Angelina Jolie adopted a child from America. Fifty Cent is now Eleven Cent. Parents in Beverly Hills fired their nannies and learned their children's names. A truckload of Americans was caught sneaking into Mexico. A picture is now worth 200 words. The Treasure Island Casino is now managed by Somali pirates. When I called to get Blue Book Value on my car, they asked if gas...
  • Exclusive-U.S. asked Brazil's Petrobras if it could raise oil output; it said no -sources

    05/10/2022 10:51:03 AM PDT · by Oldeconomybuyer · 13 replies
    Reuters via Yahoo ^ | May 10, 2022 | By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier
    RIO DE JANEIRO (Reuters) - U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed, the sources said. Officials at Petrobras, formally Petroleo Brasileiro SA, said output levels were a function of business strategy rather than diplomacy and also that a significant short-term production boost would not be logistically possible, the sources said. "We are ... doing everything possible with our allies and partners to mitigate the economic impacts of Russian...
  • Saudi Arabia flexing its geopolitical oil power

    05/08/2022 4:54:45 AM PDT · by FarCenter · 3 replies
    ... According to the former publisher of The Wall Street Journal, Karen Elliott House, Burns went to Saudi Arabia for a “mating dance” with Prince Mohammed – namely, the prince must cooperate on a new oil-for-security strategy to “increase production to save European nations from energy shortages.” Burns’ visit to the kingdom took place just ahead of the fifth round of Saudi-Iranian normalization talks in Baghdad between the Saudi intelligence chief and the deputy head of Iran’s Supreme National Security Council. Iraqi Prime Minister Mustafa al-Kadhimi, who was acting as mediator and attended the latest round of talks, told state...
  • Within Days of Macron’s Re-Election France Rolls Out Digital ID

    05/05/2022 11:26:15 AM PDT · by Roman_War_Criminal · 12 replies
    Daily Exposé ^ | 5/1/22 | Rhoda Wilson
    Despite obvious resistance, within days of Emmanuel Macron’s re-election, France began progressing with the fourth dose of Covid injections for everyone and introduced a “digital identity assurance” app. The European Union (“EU”) as a whole is planning to introduce their digital identity application sometime this year to enable people to enjoy the “greater flexibility ideal for post-pandemic life.” However, a mere two days after his victory over Marine Le Pen, Macron launched a new law compliant with Brussels’ demands – the creation of the “Digital Identity Guarantee Service” (“SGIN”) which will allow French citizens to have a digital identity card...
  • Return of Weimar? German Inflation Hits Highest Level in Four Decades

    04/30/2022 8:42:22 AM PDT · by blam · 19 replies
    Breitbart ^ | 4-30-2022 | by Kurt Zindulka
    Inflation rose to its highest level in over four decades in Germany, as the economic fallout from years of lockdown restrictions and the Russian invasion of Ukraine continue to bite the leading economic power of the European Union. Germany’s statistics agency Destatis announced on Thursday that consumer prices rose by 7.4 per cent in the month of April compared to the same time last year. The inflation rate is the highest level since 1981 in West Germany, when the country was divided by the Berlin Wall. The government agency said that fuel costs, which have been steadily rising since last...
  • Russia cuts gas to Poland as U.S., allies to send Ukraine more heavy weapons

    04/27/2022 7:38:21 AM PDT · by Kevmo · 171 replies
    National Post ^ | April 27 2022 | Marek Strzelecki and Tsvetelia Tsolova and Pavel Polityuk
    Ukraine accused Russia of blackmailing Europe over energy in an attempt to break its allies, as fighting heads into a third month without Russia capturing a major city WARSAW/SOFIA/KYIV — Russia halted gas supplies to Poland under the Yamal contract on Wednesday, data from the European Union network of gas transmission operators showed, in a deepening of the rift between the West and Russia over its invasion of Ukraine. Bulgaria, like Poland a NATO and EU member, said earlier that Russia would also halt supplies of gas to it. Ukraine accused Russia of blackmailing Europe over energy in an attempt...
  • Gazprom to Stop Gas Supplies to Bulgaria From April 27 - Media Citing Ministry

    04/26/2022 1:47:52 PM PDT · by marshmallow · 136 replies
    Sputnik News ^ | 4/26/22 | Alexandra Kashirina
    Russia decided to make "unfriendly nations" pay for its gas in rubles after the Western countries and their allies imposed harsh sanctions on Moscow over its military operation in Ukraine.Gazprom, major Russian gas company, is to suspend supplies to Bulgaria starting from April 27, the Agence France-Presse (AFP) reported on Tuesday, citing a statement from the Bulgarian economy ministry. The ministry announced that the country’s state-owned company Bulgargaz and the Bulgarian Energy Holding (BEH) assessed the possibility of implementing the new two-stage payment procedure proposed by the Russian government and said it “does not comply with the contract valid until...
  • {Head of central bank of Russia} admits sanctions are crippling the economy as the country grapples with a selloff and mass shortages

    04/25/2022 1:21:54 AM PDT · by Cronos · 29 replies
    Fortune ^ | 22 April 2022 | Christian Hetzner
    In revealing testimony before the Duma parliament, the head of CBR told she had to throw everything but the kitchen sink just to prevent a full-blown run on the banking system. “The sanctions imposed against Russia affected the situation in the financial sector, spurred the demand for foreign currencies, and caused fire sales of financial assets, a cash outflow from banks, and surging demand for goods,” said Elvira Nabiullina ... Presenting the CBR’s annual report to parliament, Nabiullina painted a picture to lawmakers of just how grim the situation was that confronted her. Depositors withdrew 2.4 trillion rubles in the...
  • PG&E eyes higher electric and gas bills as utility seeks more revenue

    04/24/2022 10:03:49 AM PDT · by nickcarraway · 47 replies
    San Jose Mercury News ^ | April 22, 2022 | GeorgeAvalos
    Utility asks state regulators for permission to harvest more revenue from customersIn what could represent a fresh jolt for customers, PG&E is seeking state approval to capture more revenue from ratepayers to help bankroll costs for an array of facilities and operations, according to a new regulatory filing. The utility is seeking revenue increases — which typically are extracted from ratepayers — for its estimated capital costs, the filing with the Securities and Exchange Commission states. “In the next five years, the company projects to fund essential infrastructure investments between $40 billion and $53 billion to modernize our system with...
  • UK’s Largest Supermarket Begins Rationing Cooking Oil Amid Supply Disruption

    04/24/2022 8:42:21 AM PDT · by blam · 10 replies
    Zubu Brothers ^ | 4-24-2024
    If record-high food prices weren’t enough. The Russia-Ukraine conflict has choked off the world of sunflower oil supply, forcing the largest supermarket in the UK to begin rationing. The Guardian reports that Tesco, with more than 4,000 retail stores, placed buying limits of three cooking oil bottles per customer. It follows Waitrose and Morrisons, other supermarket chains that set limits of just two per customer. The UK’s biggest retailer is experiencing sourcing issues with cooking oil, especially sunflower oil, which much of it comes from Ukraine. As retailers panic about sourcing edible oils, it has driven retail cooking oil prices...
  • Germany to stop Russian oil imports by end of this year

    04/20/2022 9:53:46 AM PDT · by Oldeconomybuyer · 46 replies
    BBC News ^ | April 20, 2022
    Germany has said it will stop importing oil from Russia by the end of the year. "We will halve oil by the summer and will be at zero by the end of the year, and then gas will follow," said German Foreign Minister Annalena Baerbock. Germany currently buys a quarter of its oil and 40% of its gas from Russia and has warned that it could face a recession if supplies suddenly stopped. The US has already banned Russian oil imports, while the UK plans to phase them out by the end of the year. The EU has said it...
  • Trump’s Worst Judge Just Made Travel a MAGA Nightmare

    04/19/2022 6:13:56 AM PDT · by where's_the_Outrage? · 143 replies
    The Daily Beast ^ | Apr 18, 2022 | Lawrence O. Gostin
    The coronavirus pandemic may feel like a past-tense phenomenon for many Americans, even though the dangers are real and ongoing. But a federal judge appointed by Donald Trump just did everything she could to send the nation back into chaos. On Monday, Judge Kathryn Kimball Mizelle in Florida threw out the Centers for Disease Control and Prevention’s mask mandate for air travel and other forms of mass transportation. Deaths from COVID-19—and the mask mandates intended to prevent them—may be on the wane nationwide, but whatever you think about such policies, this is the latest and most egregious example of a...
  • Shocking Estimates Show Ukraine's Crop Harvest Could Be Halved

    04/10/2022 6:21:22 AM PDT · by blam · 29 replies
    TalkMarkets ^ | 4-10-2022
    Ukraine is one of the world's top exporters of corn, sunflower oil, and wheat. Disruptions stemming from Russia's invasion of Ukraine have stoked fears the war-torn country could experience a 50% decline in crop output this year, according to Bloomberg.PixabayForecast data from ag expert UkrAgroConsult show Ukraine's corn output could be as low as 19 million tons, about half of last year's 41 million tons. UkrAgroConsult's pessimistic outlook follows huge production uncertainties as farmers experience shortages of diesel and fertilizer and bombed-out infrastructure. The outlooks of two other ag firms aren't as gloomy. Black Sea research firm SovEcon expects Ukraine's...
  • Germany: G7 rejects Russia’s demand to pay for gas in rubles

    03/28/2022 7:08:14 AM PDT · by marcusmaximus · 80 replies
    AP ^ | 3/28/2022 | FRANK JORDANS
    The Group of Seven major economies have agreed to reject Moscow’s demand to pay for Russian natural gas exports in rubles, the German energy minister said Monday. Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.”
  • The Economic Side Dish

    03/24/2022 8:05:27 AM PDT · by kiryandil · 17 replies
    The Market Ticker ^ | March 24, 2022 | Kalr Denniger
    All the great globalist plans, and those of so-called "mavens" in America who have thought for years that putting labor and material supply overseas as a means to avoid paying market wages in the US, along with evading environmental laws by putting the pollution somewhere else, are now up against the law of unintended consequences.Russia has announced that it will soon require payment for its natural gas (and, presumably, all other exports) in Rubles. This is of course quite reasonable, since the resource depleted is theirs, and thus payment should be in their currency.I smelled this coming when the sanctions...
  • Gillibrand: Russia Is Trying to Dodge Sanctions, Ensure an Oil Market in Iran Talks

    03/23/2022 5:53:57 PM PDT · by ChicagoConservative27 · 6 replies
    Breitbart ^ | 03/23/2022 | Ian hatchett
    On Wednesday’s broadcast of the Fox News Channel’s “Special Report,” Sen. Kirsten Gillibrand (D-NY) argued that Russia is not participating in the Iran nuclear deal negotiations “in a legitimate or honest way” and is trying to get around sanctions and ensure a market for their oil. She warned that “we have to be very careful in not negotiating against ourselves,” and that “any negotiations with regard to an Iran deal will be quite difficult to accomplish in the near term.”
  • Foreigners Banned From Selling Russian Stocks as Market Set for Limited Reopening

    03/23/2022 1:44:21 PM PDT · by marcusmaximus · 8 replies
    US News ^ | 3/23/2022 | Reuters
    Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though - they will be barred from selling stocks and OFZ rouble bonds until April 1. Trading in blue chips, including state lenders Sberbank and VTB, energy majors Rosneft and Gazprom, will take place between 0650 and 1100 GMT, with short-selling banned, the central bank said on Wednesday. Russian stocks last traded on the Moscow Exchange on Feb. 25.
  • Putin Says “Hostile” States Should Pay In Rubles For Russian Natural Gas

    03/23/2022 1:41:25 PM PDT · by hardspunned · 27 replies ^ | 3/23/22 | Charles Kennedy
    Putin: unfriendly states will pay Russia in rubles for natural gas. Putin ordered the Russian Central Bank to develop a system for payments in rubles within a week. The list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others...
  • Roscosmos To Switch To Payments In Rubles On Foreign Contracts - Rogozin

    03/23/2022 1:39:45 PM PDT · by marshmallow · 102 replies
    UrduPoint ^ | 3/24/22 | Daniyal Sohail
    Russian space agency Roscosmos will now seek payment in rubles when doing business with foreign entities and countries, Roscosmos chief Dmitry Rogozin said on Wednesday. Earlier in the day, Russian President Vladimir Putin announced that all gas contracts will be in rubles and ordered the government to instruct Gazprom to make the relevant changes to existing deals. "We will now also conclude all of our foreign contracts with the ruble (as Currency)," Rogozin told the Russian broadcaster Channel One.
  • Putin: 'Unfriendly' States to Pay for Russian Gas in Rubles

    03/23/2022 7:47:21 AM PDT · by marshmallow · 31 replies
    Russian President Vladimir Putin has said his country would start selling gas to certain nations in Russia's own currency, prompting a rise in the ruble's value on the Moscow Stock Exchange.Russian President Vladimir Putin said on Wednesday that gas sales to countries deemed unfriendly to Moscow would have to be paid in rubles, saying a freeze on Russia's assets by foreign nations had destroyed Moscow's trust. As of January 27, some 58% of Russian gas giant Gazprom's sales of natural gas to Europe and other countries were settled in euros. "Russia will continue, of course, to supply natural gas in...