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This is a continuation of: https://miningawareness.wordpress.com/2015/01/04/the-ongoing-saga-44-news-updates-tidbits-trivia/ It continues here: https://miningawareness.wordpress.com/2015/01/25/the-ongoing-saga-46-news-updates-tidbits-trivia/ The most recent update is on top, excepting the image. This post ran from 16 Jan. to 24 Jan. 2014. New post related to most recent topics below: https://miningawareness.wordpress.com/2015/01/25/which-is-worse-a-mayor-who-seems-allergic-to-free-speech-or-a-lazy-not-so-bright-harvard-ph-d-courthouse-as-no-go-zone/
70 yrs is enough Campaign;  modified from USG

Saturday, 24 January 2015

New post: https://miningawareness.wordpress.com/2015/01/24/no-money-for-nuclear-power-stop-brussels-campaign/

When Nolan Peterson said on Fox News that police were afraid, he was referring this time period:
10 Officers Shot as Riots Worsen in French Cities By CRAIG S. SMITH, Published: November 7, 2005
PARIS, Monday, Nov. 7 – Rioters fired shotguns at the police in a working-class suburb of Paris on Sunday, wounding 10 officers as the country’s fast-spreading urban unrest escalated dangerously.

While we continue to be appalled by Paris Mayor Hidalgo’s proposed lawsuit against FOX, and her apparent allergy to free speech, we are shocked by the carelessness of Daniel Pipes, who seems to be the one responsible for making ZUS (Sensitive Urban Zones) synonymous with No-Go Zones. He is a Harvard Ph.D. who was the son of a Harvard Ph.D. He is famous so his words carry weight. [Update: He used to be known as a right wing academic, a quarter of a century ago; now he is apparently well-known as simply right wing of questionable intelligence.]

His faux pas goes back to ca 2006. Thus, he could have easily asked by e-mail what a ZUS is. It seems to include urban renovation, though the French don’t make it easy to find out, and we’ve no time to dig deeper. How many Ph.D. dissertations did his mistake make it into before he finally corrected it? How many books? Pipes was already famous over 20 years ago. Anyone would have answered his e-mail request. If he would have read about ZIPs and ZUPs he might have better understood, or if he requested maps. ZIPs were, and maybe are still, priority industrial or industrialization zones, if we recall correctly. The “I” can also mean “intervention”. We weren’t making this up in yesterday’s post. We were laughing at planning with no change, except a name change-ZIP, ZUP, ZUS. This should be a separate issue from any “no-go zones”. Pipes could have written to people at a university sitting by a ZUS zone – there is at least one. While zone is a pejorative word meaning slum (ghetto) in street French, it also has a similar meaning to US zoning. The funny thing is that one of the ZUS zones has an important Justice court, as can be seen on the map and now on google. So, while no-go zones may exist within some ZUS, they are not ZUS. Pipes more recently has said that he doesn’t feel endangered in the ZUS he visited. This, however, is meaningless. There are areas in the US which feel safe and which in fact are very dangerous, especially at night. [Update: Pipes is Jewish but speaks Arabic and looks like a cross between Nasser and a vampire cartoon. So, he’s hardly a litmus test for an Islamic extremist neighborhood. We propose as litmus test if women, especially unveiled women, feel safe. Another litmus test is what is going on between 3 and 5 am? It’s not if you can go eat lunch in a neighborhood or wander around in daylight. We conclude that the man is not very intelligent, which reflects poorly on Harvard.]

What FOX says about France doesn’t matter so much. However, mistakes made by an academic or by newspapers like the New York Times DO matter. They end up in academic research and books and taught at universities. Pipes is apparently at the origin of the FOX mess-up. The NYT had government plants telling lies about President Aristide. That was serious and even deadly.

Here is the ZUS which includes the Court, Palais de Justice, as can be seen on the map Red outline is the ZUS. A university backs onto the ZUS.
cropped from ZUS Palais Creteil http://sig.ville.gouv. fr/Atlas/ZUS/ http://sig.ville.gouv.fr/Atlas/ZUS/ http://fr.wikipedia.org/wiki/Palais_de_justice_de_Créteil

That Palais de Justice has doors shaped like a guillotine, when they are shut at night!
Palais de Justice Creteil Guillotine doors
This is what some of the ZUS housing near the Palais de Justice looks like. These used to be called cabbages by the locals.
Tours-Chous Creteil
Oh, remember Haiti’s PM Lamothe? At one time he wanted to sue those who said negative things about him. His mother studied in Franco’s Spain. Free Speech! Hello Mme. Hidalgo! Free Speech! Franco’s dead, remember?

Reuters News Feed Selection

REFILE-BRIEF-Apache enters into executive retirement agreement with Steven Farris
Posted:Fri, 23 Jan 2015 17:23:07 -0500
(Corrects spelling of “agreement” in headline) Jan 23 (Reuters) – Apache Corp : * Says on January 19, co and Steven Farris entered into an executive retirement agreement – SEC filing * Farris will… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/C97eFOan-DM/apache-brief-idUSWNAB05R6420150123

Russia details bank recapitalisation scheme
Posted:Fri, 23 Jan 2015 13:42:13 -0500
MOSCOW, Jan 23 (Reuters) – Russian banks with at least 25 billion roubles in capital and willing to increase lending to key sectors of the economy will be able to participate in a 1 trillion rouble… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/QIeDLYn3IpM/russia-crisis-banks-recapitalisation-idUSL6N0V23Z620150123

Industry jitters after SEC charges former S&P staffer Posted:Fri, 23 Jan 2015 13:27:24 -0500
LONDON, Jan 23 (IFR) – US regulators shocked the ratings industry this week when it announced charges against a former employee of Standard & Poor’s, claiming she misled investors about some CMBS… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/xgwJYzRJkXc/sp-ratings-sec-idUSL1N0V21D720150123

Anadarko finalizes Tronox settlement – filing
Posted:Fri, 23 Jan 2015 13:16:40 -0500
HOUSTON, Jan 23 (Reuters) – Anadarko Petroleum Corp said in a regulatory filing on Friday that it has finalized its $5 billion settlement with Tronox Ltd, ending a long-running legal saga related to… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/uYKuwgD0AeA/anadarko-petrol-tronox-ltd-settlement-idUSL1N0V21MY20150123

UPDATE 2-Oanda and ETX Capital enter race for Alpari UK Posted:Fri, 23 Jan 2015 11:31:58 -0500
LONDON, Jan 23 (Reuters) – Toronto-based Oanda and Britain’s ETX Capital joined the race to buy fellow online foreign exchange broker Alpari UK, looking to expand aggressively in the sector shakeout… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/OvF-mdnQJKE/swiss-snb-brokers-idUSL6N0V22E520150123

Regions Financial reaches $125 mln settlements over funds’ collapse Posted:Fri, 23 Jan 2015 10:50:24 -0500
NEW YORK, Jan 23 (Reuters) – Regions Financial Corp has agreed to $125 million of settlements to resolve lawsuits accusing it of mismanaging three Morgan Keegan bond mutual funds that collapsed in… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/iot45-tSpUY/regionsfinancial-settlement-mutualfunds-idUSL1N0V211420150123

UPDATE 1-Global bank watchdog to review rule on zero-risk weighting for sovereign debt
Posted:Fri, 23 Jan 2015 10:46:49 -0500
LONDON, Jan 23 (Reuters) – Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/zrwJYOlKTS4/basel-sovereign-regulations-idUSL6N0V22ZO20150123

UPDATE 1-Boss of collapsed UK hedge fund Weavering jailed for 13 years Posted:Fri, 23 Jan 2015 10:42:38 -0500
LONDON, Jan 23 (Reuters) – The former boss of failed hedge fund Weavering, the collapse of which cost investors $536 million, was sent to jail for 13 years on Friday, one of the longest for fraud in… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/_BOYJ2LHV8Q/weavering-hedgefunds-fraud-idUSL6N0V237X20150123

Russia faces $40 billion battle to stave off banking crisis Posted:Fri, 23 Jan 2015 10:41:10 -0500
MOSCOW, Jan 23 (Reuters) – Russia may have to spend more than $40 billion this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/pNi19aLpt2s/russia-crisis-banking-idUSL6N0UZ47720150123

Friday, 23 January 2015

New Post: https://miningawareness.wordpress.com/2015/01/23/france-muzzles-free-speech-public-debate-frighteningly-it-is-not-alone-in-europe/ The state of the world is always full of shockers, it seems. It will actually be fun to watch Paris Mayor Hidalgo sue FOX news, but her attitude reflects an apparently deep French (and Spanish, for she IS Spanish) allergy to free speech and public debate, also reflected in AREVA’s continual lawsuits against anti-nuclear activists. Is the Spanish Inquisition still active? Insulting the Spanish crown is still a criminal offense. You can now insult the President of France, without it being a criminal offense and Queen Elizabeth II. If you travel in Europe or live there, read and make sure you don’t end up in jail for insulting a King or Queen! Who knew? Oh, Hidalgo wants to institute ID cards for Paris! She said some blah, blah about Paris pride, but for any thinking person it appears an attempt to keep the suburban poor out of wealthy Paris proper.

Thursday, 22 January 2015

New Post: https://miningawareness.wordpress.com/2015/01/22/ex-speechwriter-confidante-dr-vincent-harding-on-dr-martin-luther-kings-courageous-and-overlooked-antiwar-and-economic-justice-activism/
Martin Luther King, Jr., speaking against the Vietnam War, St. Paul Campus, University of Minnesota, 27 April 1967  CC-BY:  Minnesota Historical Society
Martin Luther King, Jr., speaking against the Vietnam War, St. Paul Campus, University of Minnesota, 27 April 1967 CC-BY: Minnesota Historical Society https://www.flickr.com/photos/minnesotahistoricalsociety/5355384180/sizes/o/in/photostream/

Beyond Vietnam: A Time to Break Silence” Speech delivered by Martin Luther King, Jr. at Riverside Church in New York City on April 4, 1967: http://www.commondreams.org/views/2015/01/19/beyond-vietnam-time-break-silence
It was ghost written or co-written by his friend of 10 years, Dr. Vincent Harding, as explained here: https://miningawareness.wordpress.com/2015/01/22/ex-speechwriter-confidante-dr-vincent-harding-on-dr-martin-luther-kings-courageous-and-overlooked-antiwar-and-economic-justice-activism/ King’s style is not only for beauty, but as a teaching tool. It’s a style for oral cultures where remembering stories is important. There’s a lot of repetition, for this reason. So, after 10 years, Harding probably knew many of King’s phrases and style by heart, as well as the man.
There is a lot of King in the speech, unless Harding was writing the whole time!

Exclusive: Newly Discovered 1964 MLK Speech on Civil Rights, Segregation & Apartheid South Africa. MONDAY, JANUARY 19, 2015. Read and listen here: http://www.democracynow.org/2015/1/19/exclusive_newly_discovered_1964_mlk_speech
A few excerpts: “I must say to you tonight that I never intend to become adjusted to the madness of militarism … for in a day when Sputniks and explorers are dashing through outer space and guided ballistic missiles are carving highways of death through the stratosphere, no nation can win a war. It is no longer the choice between violence and nonviolence; it is either nonviolence or non-existence. And the alternative to disarmament, the alternative to a greater suspension of nuclear tests, the alternative to strengthening the United Nations and thereby disarming the whole world, may well be a civilization plunged into the abyss of annihilation.

He also points out: “And somewhere along the way it is necessary to see that human progress never rolls in on the wheels of inevitability. It comes through the tireless efforts and the persistent work of dedicated individuals who are willing to be co-workers with God. And without this hard work, time itself becomes an ally of the primitive forces of social stagnation. And so we must help time, and we must realize that the time is always ripe to do right.

The speech was done for a British audience and provides historical context going back to the arrival of blacks in America in 1619, one year prior to the arrival of the Pilgrims.

He states regarding the need for boycott that “In a world living under the appalling shadow of nuclear weapons, do we not recognize the need to perfect the use of economic pressures? Why is trade regarded by all nations and all ideologies as sacred?

He mentions the boycott of gold and oil to break the South African apartheid system:
If the United Kingdom and the United States decided tomorrow morning not to buy South African goods, not to buy South African gold, to put an embargo on oil, if our investors and capitalists would withdraw their support for that racial tyranny that we find there, then apartheid would be brought to an end.
(Boycotting South Africa was promoted from 1959: http://en.wikipedia.org/wiki/Anti-Apartheid_Movement )


Haruna Yukawa’s wife died of cancer and he lost everything to bankruptcy in Japan. How can Reuters speak of him as a “troubled loner”? What happened to widower? Isn’t it normal to be “troubled” and alone if you lose your wife and go bankrupt? Was this before or after the Fukushima disaster? We haven’t found the answer.

Citizen’s panel may still indict TEPCO execs, even though prosecutors won’t.

Reuters News Feed

Prosecutors won’t indict former Tepco execs over Fukushima Posted:Thu, 22 Jan 2015 04:24:44 -0500
TOKYO, Jan 22 (Reuters) – Japanese prosecutors have stuck to their decision not to indict three former Tokyo Electric Power Co (Tepco) executives over their handling of the 2011 Fukushima disaster, but a rarely used citizen’s panel could still force an indictment. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/6MBhjTs1DI8/japan-nuclear-prosecution-idUSL4N0V130420150122

Japanese reporter’s bid to save friend led to Islamic State abduction
Posted:Wed, 21 Jan 2015 23:29:02 GMT
TOKYO (Reuters) – It is an unlikely friendship that ties the fates of war correspondent Kenji Goto and troubled loner Haruna Yukawa, the two Japanese hostages for which Islamic State militants demanded a $200 million ransom this week. http://feeds.reuters.com/~r/reuters/topNews/~3/pXtG4scZ8bM/story01.htm

China’s smog provides cover for burglar in novel by environment official
Posted:Thu, 22 Jan 2015 03:30:04 -0500
BEIJING, Jan 22 (Reuters) – China’s pollution crisis has inspired an environmental regulator in a smog-blanketed northern province to write a novel whose extracts have gone viral online, spurring plans for two more books. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/7OUPtpWDoBI/china-pollution-idUSL4N0V12GI20150122

UPDATE 1-Russia’s Norilsk Nickel starts Arctic plant after first upgrade
Posted:Thu, 22 Jan 2015 03:08:15 -0500
TALNAKH, Russia, Jan 22 (Reuters) – Russia’s Norilsk Nickel , the world’s largest nickel and palladium miner, has started pilot operations at its Arctic-based Talnakh concentrator plant after the first stage of an upgrade to improve productivity. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/qw9UXnusgH4/russia-crisis-mmc-norilsk-nick-plant-idUSL6N0V10NJ20150122

Chairman to leave Sweden’s Industrivarden in revamp of group boards Posted:Thu, 22 Jan 2015 02:47:29 -0500
STOCKHOLM, Jan 22 (Reuters) – Swedish investment group Industrivarden said on Thursday its chairman, Sverker Martin-Lof, would leave his positions at the group and its companies this spring, leading to a string of management changes at big Swedish firms. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/bNNJd2ImwXs/industrivarden-moves-idUSL6N0V10DQ20150122

New Year rally in gold miners conceals troubles that run deep Posted:Wed, 21 Jan 2015 15:31:18 -0500
VANCOUVER/TORONTO, Jan 21 (Reuters) – The New Year’s rally in gold stocks offers a respite for the beaten-down sector, but it masks deep-seated problems of bloated debt, weak growth prospects and overvalued assets that will emerge when miners post year-end results in coming weeks. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/Gyhvbd-frNY/gold-industry-outlook-idUSL1N0UX0DJ20150121

Italy takes full control of troubled Ilva steel plant Posted:Wed, 21 Jan 2015 10:58:43 -0500
LONDON, Jan 21 (Reuters) – Italy’s government has taken full control of the troubled Ilva steel plant, Europe’s biggest by output capacity, following a request the company said it submitted on Wednesday. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/CZP5c_8vFpc/italy-steel-ilva-idUSL6N0V03LQ20150121

UPDATE 3-India revives sell-off drive in race to hit deficit target
Posted:Wed, 21 Jan 2015 10:43:46 -0500
* Indian asset sales way short of target (Updates to add no decision on IOC stake sale) http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/TqFhB19CW60/india-stakesale-nmdc-idUSL4N0V03Q320150121

BPA plastics chemical poses no health risk, says European watchdog
Posted:Wed, 21 Jan 2015 08:21:41 -0500
LONDON, Jan 21 (Reuters) – The chemical bisphenol A, used to stiffen some plastic food containers, poses no health risk to consumers of any age, including unborn children, at current levels of exposure, Europe’s food safety watchdog said on Wednesday. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/P_MkGfNrgAc/health-europe-bisphenola-idUSL6N0V02I520150121

UPDATE 2-U.S. solar product trade ruling opens way to import duties on China, Taiwan
Posted:Thu, 22 Jan 2015 04:24:59 -0500
WASHINGTON, Jan 21 (Reuters) – The U.S. International Trade Commission said on Wednesday imports of solar products from China and Taiwan injure U.S. producers, clearing the final hurdle for import duties and prompting China to express “serious concerns”. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/AOZ6i5RDZng/usa-china-solar-idUSL1N0V01J220150122

UPDATE 2-Kinder Morgan entering Bakken with $3 billion deal Posted:Wed, 21 Jan 2015 19:13:24 -0500
HOUSTON, Jan 21 (Reuters) – Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it will enter North Dakota’s Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Officer Harold Hamm. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/7pM9Kytcmvc/kinder-morgan-highland-idUSL1N0V02LW20150122

Pipeline spill clean-up efforts in Montana continue despite ice Posted:Wed, 21 Jan 2015 17:36:46 -0500
NEW YORK, Jan 21 (Reuters) – Responders recovered 240 barrels of oil from a breached pipeline in Montana, despite icy conditions that were slowing down efforts, the Environmental Protection Agency and Bridger Pipeline LLC said Wednesday. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/UgMW08A4-D4/bridgerpipeline-oilspill-idUSL1N0V02P720150121

UPDATE 2-Total likely to ditch current Cyprus offshore gas search – minister
Posted:Wed, 21 Jan 2015 12:01:22 -0500
* French group says in talks over further exploration (Adds Total comments) http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/gYwbW7WagLY/cyprus-gas-total-idUSL6N0V01YW20150121

Justice Department said ready to clear Ferguson officer: N.Y. Times Posted:Thu, 22 Jan 2015 02:50:23 GMT WASHINGTON (Reuters) – The U.S. Justice Department is about to close the investigation into the shooting death of an unarmed black teenager in Ferguson, Missouri, and clear the white police officer involved of any civil rights charges, The New York Times reported on Wednesday. http://feeds.reuters.com/~r/reuters/topNews/~3/-SI8-bCvwKw/story01.htm

Russia has 9,000 troops in Ukraine, Poroshenko tells Davos forum Posted:Thu, 22 Jan 2015 00:26:42 GMT
DAVOS, Switzerland (Reuters) – Ukrainian President Petro Poroshenko accused Russia on Wednesday of sending 9,000 troops to back separatist rebels in the east of his country, and the IMF chief said she backed extra financial help for Kiev as the conflict inflicts severe economic damage. http://feeds.reuters.com/~r/reuters/topNews/~3/c4jBzG8Z6uE/story01.htm

Wednesday, 21 January 2015

New Post: https://miningawareness.wordpress.com/2015/01/21/nuclear-lobbygate-amec-nmp-labour-uk-politicians-for-hire/

UK Green Party Nuclear Policy:
EN261 We will cancel construction of new nuclear stations and nuclear power will not be eligible for government subsidy; the Green Party opposes all nuclear power generation and is particularly opposed to the construction of new nuclear power stations, electricity from which is likely to be significantly more expensive per unit supplied than other low-carbon energy sources, and too slow to deploy to meet our pressing energy needs. Cancellation will avoid the costs and dangers of nuclear energy and waste being passed on to future generations long after any benefits have been exhausted.

EN262 Money earmarked for new nuclear plant research, development and construction will be reallocated to energy efficiency measures and renewable energy infrastructure, but sufficient funding for decommissioning redundant power stations, and for research into the safe storage or disposal of existing radioactive waste stockpiles will be retained.http://policy.greenparty.org.uk

If Fukushima doesn’t kill off the Pacific, China seems hell-bent to do so
http://en.wikipedia.org/wiki/Nuclear_power_in_China http://en.wikipedia.org/wiki/Nuclear_power_in_China

Reuters News Feed Selection

REFILE-China General Nuclear says to launch 5 new reactors in 2015 Posted:Wed, 21 Jan 2015 06:19:40 GMT
BEIJING, Jan 21 (Reuters) – China’s biggest reactor operator, China General Nuclear Power Group (CGN), will put another five reactor units into operation this year, company executives said, adding that they remain confident in the sector’s growth despite approval delays. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/S3q-FTl5j88/story01.htm

UPDATE 1-BHP Billiton slashes shale drilling amid oil crash Posted:Tue, 20 Jan 2015 18:00:11 -0500
* Global miner sticks to plan to spin off South32 (Adds analyst comment, production details) http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/4WIjnjfsEAA/bhp-billiton-production-spending-idUSL4N0UZ6J220150120

UPDATE 2-Lonza delays full-year forecast after Swiss franc surge Posted:Wed, 21 Jan 2015 03:14:10 -0500
* Shares rise four percent after heavy falls of past week (Adds comments from CEO, CFO, share indication) http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/hpUFVDb5LBs/lonza-group-results-idUSL6N0V00EA20150121

Hochschild silver output rises; hedges below spot prices Posted:Wed, 21 Jan 2015 04:19:48 -0500
Jan 21 (Reuters) – Silver miner Hochschild Mining Plc said 2014 production exceeded its expectations and that it had hedged 6 million ounces of silver for this year. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/oNFBjRn_rV8/hochschild-min-outlook-idUSL4N0V02WE20150121

Obama calls on Congress to back bipartisan infrastructure plan Posted:Wed, 21 Jan 2015 02:15:52 GMT WASHINGTON, Jan 20 (Reuters) – President Barack Obama on Tuesday called for the U.S. Congress to pass a bipartisan infrastructure plan to provide modern ports, stronger bridges, faster trains and the fastest Internet connections. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/_ZYwy2F6V8k/story01.htm

CORRECTED-Japan says jets scrambling at record pace to counter Chinese, Russian intrusions
Posted:Wed, 21 Jan 2015 02:13:43 GMT
TOKYO, Jan 20 (Reuters) – Japanese air force jets are scrambling at a record pace to counter Chinese fighters intruding into its air space along its southern flank and Russian bombers and spy planes probing its northern defences, the Defence Ministry said on Tuesday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/MUQWchkKDP8/story01.htm

Tuesday, 20 January 2015

New Post: https://miningawareness.wordpress.com/2015/01/20/theodore-parker-on-the-lack-of-morality-of-the-controlling-class/
Nuclear power will destroy the planet, if it is not stopped, and the waste properly secured. Thus, it remains a moral issue.

Agnotology (formerly agnatology) is the study of culturally induced ignorance or doubt, particularly the publication of inaccurate or misleading scientific data. The neologism was coined by Robert N. Proctor,[1][2] a Stanford University professor specializing in the history of science and technology.[3] Its name derives from the Neoclassical Greek word ἄγνωσις, agnōsis, “not knowing” (confer Attic Greek ἄγνωτος “unknown”[4]), and -λογία, -logia.[5] More generally, the term also highlights the increasingly common condition where more knowledge of a subject leaves one more uncertain than before. A prime example of the deliberate production of ignorance cited by Proctor is the tobacco industry’s conspiracy to manufacture doubt about the cancer risks of tobacco use. Under the banner of science, the industry produced research about everything except tobacco hazards to exploit public uncertainty.[5][6] Some of the root causes for culturally induced ignorance are media neglect, corporate or governmental secrecy and suppression, document destruction, and myriad forms of inherent or avoidable culturopolitical selectivity, inattention, and forgetfulness.[7]http://en.wikipedia.org/wiki/Agnotology (Emphasis added).

German taxpayers will probably have to help pay for nuclear decommissioning

Any surprises there? The companies take the profit and leave the liability. Germany’s big Nuclear Energy Co’s E.ON, RWE, EnBW and Vattenfall have 36 billion euros ($42 billion) set aside for nuclear commissioning, which Reuters says may now not be secure. It also probably won’t be enough. Compare to £110bn (143.37 billion Euro), or even double, estimated for the UK. Japanese taxpayers must pay for Fukushima, while TEPCO turns a profit. On 7 Nov. 2012, Bloomberg reported that TEPCO was asking for $137 billion for Fukushima cleanup. Some give a much higher figure; some lower.

Why was the Fukushima water storage tank empty? We can’t be surprised that someone fell and died. Someone fell at a radioactive waste processing plant, in Tennessee, a few months ago and died. Within the last couple of years someone fell into a drain and died at a nuclear power plant in South Korea. Fukushima workers are poor, homeless, and exposed to a lot of radiation. So, the question is why was the tank empty? And, why are we still operating nuclear reactors that will make new Fukushimas? Where will the workers come from for other cleanups? Homeless are reported as disappeared from Tokyo. They are almost certainly kidnapping people from poor countries or tricking them into going to Japan.

Reuters News Feed Selection

UPDATE 1-Public may share costs of Germany’s nuclear afterlife
Posted:Mon, 19 Jan 2015 15:20:28 GMT
* Taxpayers may end up footing part of the bill (Adds details on provisions) http://feeds.reuters.com/~r/reuters/USenergyNews/~3/t3pkCkKZOHs/story01.htm

REFILE-UPDATE 1-Fukushima worker dies after falling into water storage tank Posted:Tue, 20 Jan 2015 03:59:03 GMT TOKYO, Jan 20 (Reuters) – A worker at Japan’s destroyed Fukushima Daiichi nuclear power plant died on Tuesday after falling inside a water storage tank, the latest in a spate of industrial accidents at the site of the March 2011 nuclear disaster, the world’s worst since Chernobyl. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/1LKp_XBP87E/story01.htm

UPDATE 2-Itochu, CP to jointly invest $10 bln in Citic Group Posted:Tue, 20 Jan 2015 00:40:27 -0500
TOKYO, Jan 20 (Reuters) – Japanese trading house Itochu Corp and Thailand’s Charoen Pokphand Group (CP) said on Tuesday that they plan to jointly invest $10 billion in Citic Group, China’s oldest and biggest conglomerate. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/2mTfkbYbBlw/citic-investment-idUSL4N0UZ18L20150120

CITIC warns of up to $1.8 bln impairment on Australia iron ore mine Posted:Mon, 19 Jan 2015 23:54:46 -0500
SYDNEY, Jan 20 (Reuters) – Chinese conglomerate CITIC Ltd warned on Tuesday its 2014 profit would be lower due to an impairment of $1.4 billion to 1.8 billion on its Australian Sino Iron mining project, which was hit by falling global iron ore prices. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/yDm2j6s9tF0/citic-australia-impairment-idUSL4N0UZ26P20150120

China’s CITIC Sec denies media allegations of insider trading Posted:Mon, 19 Jan 2015 22:23:29 -0500
SHANGHAI, Jan 20 (Reuters) – China’s biggest brokerage CITIC Securities Co Ltd has denied engaging in insider trading after media reports asked why its biggest shareholder CITIC Limited had sold shares in the broker before a regulatory ban last week. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/J61WHL256d4/citic-securities-citic-idUSL4N0UZ16D20150120

Japan’s Daicel to lift inflator output after Takata recalls Posted:Mon, 19 Jan 2015 20:00:31 -0500
TOKYO, Jan 20 (Reuters) – Japan’s Daicel Corp said it would boost production of air bag inflators to meet demand for the component at the heart of rival Takata Corp’s quality problems, which have led to the recall of more than 20 million vehicles. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/P6s9-wm2P1E/autos-takata-daicel-idUSL4N0UZ04H20150120

UPDATE 8-Oil slips $1 on China economy worries, record Iraq output Posted:Mon, 19 Jan 2015 20:04:52 GMT
* China faces significant downward pressure on economy – Premier http://feeds.reuters.com/~r/reuters/USenergyNews/~3/Cc7Y_2NERRM/story01.htm

CORRECTED-UPDATE 1-Amid U.S. oil price crash, cost cutting ripples through industry
Posted:Mon, 19 Jan 2015 19:19:52 GMT
NEW YORK, Jan 16 (Reuters) – Any lingering doubt about the depth of the crisis facing the U.S. energy industry is quickly evaporating as even the biggest firms slash spending amid the steepest oil price crash since the recession, sending ripples across the vast sector. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/6jukNuuMx7s/story01.htm

Germany’s Gabriel opposed to aid for loss-making power plants Posted:Mon, 19 Jan 2015 18:40:42 GMT
BERLIN, Jan 19 (Reuters) – Another German leader has said he opposes giving cash to money-losing coal- and gas-fired power stations, after Chancellor Angela Merkel said last week she was against the proposed payments. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/rfDkkVdDV-o/story01.htm

Oil spills in Yellowstone River after pipeline leak Posted:Mon, 19 Jan 2015 18:26:41 GMT
Jan 19 (Reuters) – Crews worked on Monday to clean up crude oil that spilled in and near the Yellowstone River in eastern Montana even as Bridger Pipeline LLC tried to determine what caused the weekend breach, the Wall Street Journal reported. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/hosx3HPUdOA/story01.htm

UPDATE 1-Output stopped at Yemen’s Masila oilfields in Hadramout Posted:Mon, 19 Jan 2015 14:31:51 GMT
ADEN, Jan 19 (Reuters) – Oil companies in Yemen’s Hadramout and Shabwa provinces, including the main gas export facility at Belhaf, have suspended operations amid protests over the seizure of a presidential aide by Shi’ite fighters who control the capital Sanaa, local officials said on Monday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/7iYfOuYWYRM/story01.htm

Italian energy review to target firms’ investment returns Posted:Mon, 19 Jan 2015 17:18:24 GMT
MILAN, Jan 19 (Reuters) – Italy’s energy regulator has signalled it may rein in the high investment returns driving profits for some of the country’s biggest power firms under a review of the sector. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/i6AnF1Xk8FY/story01.htm

ArcelorMittal selling sole Russian asset – FAS
Posted:Mon, 19 Jan 2015 16:34:03 GMT
MOSCOW, Jan 19 (Reuters) – ArcelorMittal, the world’s largest steel producer, is selling its sole asset in Russia, a Siberian coal-mining operation, documents from the federal anti-monopoly service (FAS) showed. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/APV4uJRcjUs/story01.htm

Pope says birth control ban doesn’t mean breed ‘like rabbits’ Posted:Mon, 19 Jan 2015 19:05:35 GMT
ABOARD THE PAPAL PLANE (Reuters) – Catholics should not feel they have to breed “like rabbits” because of the Church’s ban on contraception, Pope Francis said on Monday, suggesting approved natural family planning methods. http://feeds.reuters.com/~r/reuters/topNews/~3/1BbEAC9tb0c/story01.htm

Islamic State issues video purporting to show Japanese hostages Posted:Tue, 20 Jan 2015 07:16:52 GMT
DUBAI (Reuters) – The Islamic State armed group which holds swathes of territory in Iraq and Syria issued a video online on Tuesday purporting to show two Japanese hostages and demanding $200 million from the Japanese government to save their lives. http://feeds.reuters.com/~r/reuters/topNews/~3/YPhGenEBZeU/story01.htm

Monday, 19 January 2015 Martin Luther King Day

We modified our 70 years is enough image (above).
Gracie Mansion, Rev. Martin Luther King press conference / World Telegram & Sun photo by Dick DeMarsico, July 1964
Gracie Mansion, Rev. Martin Luther King press conference / World Telegram & Sun photo by Dick DeMarsico, July 30, 1964

Martin Luther King took inspiration from India’s Gandhi. A few days ago the Russian nuclear power plant, in India, at Koodankulum tripped after only 18 days of commercial operation. The community has been peacefully opposing this nuclear power plant going back to 1988, when the agreement to build it was signed. https://miningawareness.wordpress.com/2015/01/19/standing-at-the-threshold-70-years-of-nuclear-is-enough/ https://miningawareness.wordpress.com/2015/01/19/defective-russian-nuclear-reactor-in-india-tripped-after-18-days-of-commercial-ops/

Other news will have to update later as we are out of time.

Sunday, 18 January 2015

New Post: https://miningawareness.wordpress.com/2015/01/18/a-forgotten-40-5-billion-bnfl-nuclear-taxpayer-fleece-liabilities-management-authority-2002-more-nuclear-fleecing-planned/

Reuters News Feed Selection

UPDATE 2-South Africa’s Northam shuts strike-hit mine amid violence Posted:Fri, 16 Jan 2015 04:27:12 -0500
* Company alleges violence, intimidation against non-strikers http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/i1R3G4s_Xak/northam-platinum-strike-idUSL6N0UV0R020150116

Thailand’s biggest gold mine told to address contamination fears Posted:Fri, 16 Jan 2015 04:22:23 -0500 BANGKOK/SYDNEY, Jan 16 (Reuters) – Thailand’s largest gold mine needs to prove it is not the source of arsenic and manganese contamination in nearby villages, the head of the country’s forensic science institute said on Friday, adding the mine must cooperate with the government. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/g3C2TIz0mWg/thailand-australia-mine-idUSL3N0UV2XK20150116

Acacia Mining seeking gold assets across west Africa Posted:Fri, 16 Jan 2015 07:13:07 -0500
Jan 16 (Reuters) – Acacia Mining Plc is looking to buy gold mines and exploration projects in Senegal, Mali and Ghana to expand in west Africa, Chief Executive Brad Gordon said. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/TPH7tClO3SI/acacia-mining-africa-idUSL3N0UV3FN20150116

Swiss franc shock resurrects gold-euro divergence Posted:Fri, 16 Jan 2015 06:58:18 -0500
By Henning Gloystein SINGAPORE, Jan 16 (Reuters) – Investors are finding solace in gold as the Swiss central bank sends the euro reeling, affirming the metal’s status as a safe haven while the single currency increasingly becomes a source of anxiety rather than stability as envisioned by its creators. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/krixzrogDJ4/gold-euro-divergence-idUSL3N0UV3GC20150116

UPDATE 1-Higher volumes of Canadian oil flowing to U.S. Gulf Coast Posted:Fri, 16 Jan 2015 18:23:57 GMT
FREEPORT, Texas, Jan 16 (Reuters) – A combination of two pipelines is starting to do what the controversial Keystone XL oil-pipeline plan hasn’t been able to accomplish: sharply increase flows of Canadian heavy crude to the U.S. Gulf Coast. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/eyLZZEjBSWg/story01.htm

Kosovo moves to take control of mining giant anger Serbia Posted:Fri, 16 Jan 2015 09:28:04 -0500
PRISTINA, Jan 16 (Reuters) – Kosovo’s government said on Friday it planned to take over the giant Trepca mine complex to save it from bankruptcy and restore it to its former glory, angering the country’s former master Serbia. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/AyuGBz9eUv4/kosovo-serbia-mining-idUSL6N0UV1MZ20150116

Indian government eyes Plan B as $10 bln sell-off deadline nears Posted:Fri, 16 Jan 2015 08:52:55 -0500
NEW DELHI, Jan 16 (Reuters) – India’s government is scrambling to put together a ‘Plan B’ to raise even a fraction of its $10 billion target from asset sales, officials said, with potential new sales including part of its stake in refiner Indian Oil. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/mYedi-SM2-Q/india-privatisation-idUSL3N0UV3QJ20150116

Low oil prices will not affect U.S. environmental rules: EPA chief Posted:Fri, 16 Jan 2015 18:56:11 GMT
WASHINGTON (Reuters) – Current low oil prices are a short-term blip and will not affect how the U.S. crafts new environmental regulations, including forthcoming standards for heavy duty vehicles, the Environmental Protection Agency (EPA) chief said Friday. http://feeds.reuters.com/~r/reuters/environment/~3/3eQP17BrcbY/story01.htm

Malawi flooding death toll nears 200, more missing Posted:Fri, 16 Jan 2015 15:02:48 GMT
LILONGWE (Reuters) – The death toll from flooding in Malawi has risen to 176 and others are still missing, Vice President Saulos Chilima said on Friday after touring the worst-hit parts of the southern African country, one of the world’s poorest states. http://feeds.reuters.com/~r/reuters/environment/~3/2k9yK53u26g/story01.htm

BP’s fine for 2010 oil spill capped at $13.7 billion Posted:Fri, 16 Jan 2015 11:12:23 GMT
HOUSTON/LONDON (Reuters) – BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than the U.S. government claimed. http://feeds.reuters.com/~r/reuters/environment/~3/ysgKbJ8broE/story01.htm

India builds solar plants atop canals to save on land, water Posted:Fri, 16 Jan 2015 10:35:39 GMT
VADODARA, India (Thomson Reuters Foundation) – As India moves to ramp up investment in solar power, it is exploring innovative places to install solar plants, including across the top of canals. http://feeds.reuters.com/~r/reuters/environment/~3/XQNrEBiPz2Q/story01.htm

U.S. signals it may downgrade protections for vanishing bat Posted:Fri, 16 Jan 2015 00:22:45 GMT
(Reuters) – The Obama administration signaled on Thursday it may classify a bat decimated by a fungal disease as threatened, rather than endangered, which would allow activities such as logging of trees the bats use for forage and roosting. http://feeds.reuters.com/~r/reuters/environment/~3/mLQbXxWVK5Q/story01.htm

Germany wants robust single energy market, at odds with Britain Posted:Fri, 16 Jan 2015 10:24:49 -0500
BRUSSELS, Jan 16 (Reuters) – Europe’s energy union needs to be bolstered by EU laws binding on each nation, Germany said in a policy paper seen by Reuters that sets it at odds with Britain. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/XW6PzPY_LJI/eu-energy-germany-idUSL6N0UV2V520150116

UPDATE 3-RWE to close gas unit sale to Russian tycoon by early March Posted:Fri, 16 Jan 2015 09:46:12 -0500
* RWE shares rise more than 7 pct (Adds comment from the British government) http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/hBgDOY53kEc/rwe-dea-sale-idUSL6N0UV1ZR20150116

Saturday, 17 January 2015

New Post: https://miningawareness.wordpress.com/2015/01/17/why-has-the-us-nrc-ignored-increased-west-coast-earthquake-hazard-two-decades-after-the-northridge-earthquake-years-after-fukushima/

Friday, 16 January 2015

Judge Ruling Allows BP to Pay Less for Gulf Oil Gusher-Spill

US Chemical Safety Board (USCSB) States that “a reported” 5 Million Barrels of Oil Spilled (http://youtu.be/FCVCOWejlag), but judge rules that it was less, while apparently not understanding the technicalities of the arguments!

(Eleven and a half minute video. If you get tired of technical details after the initial pictures you can fast forward to 10.24 to see the conclusion and more pictures. Some will be very, very interested in this video. It explains that other oil wells could be at risk.)

A former federal prosecutor of environmental crimes, David M. Uhlmann of the University of Michigan Law School, called the decision ‘a major victory for BP’ because it reduced the company’s potential liability by billions of dollars.” (“Judge’s Ruling on Gulf Oil Spill Lowers Ceiling on the Fine BP Is Facing“, By JOHN SCHWARTZ, JAN. 15, 2015, http://www.nytimes.com/2015/01/16/business/energy-environment/judge-sets-top-penalty-for-bp-in-deepwater-horizon-spill-at-nearly-14-billion.html?_r=0)
(Emphasis our own)

Controlled Burn of BP’s Oil gusher

Actually it wasn’t a leak or spill, it was a gusher. Perhaps the fact that they burned off the oil has something to do with why there were fewer barrels? How about the clean air act?
deepwaterhorizonresponse/4624487176 US Coast Guard
GULF OF MEXICO – Aerial view of oil being burned from the Deepwater Horizon/BP incident, May 19, 2010. Favorable weather conditions allowed burns to total more than nine hours. The burns are part of an effort to reduce the amount of oil in the water and are part of the joint federal, state and BP effort to aid in preventing the spread of oil following the April 20 explosion on the mobile offshore drilling unit, Deepwater Horizon. U.S Coast Guard photo by Chief Petty Officer John Kepsimelis.” (Deepwater Horizon Response, Flckr) https://www.flickr.com/photos/deepwaterhorizonresponse/4624487176/sizes/l/in/photostream/

Cleaning Oil off of the Louisiana State Bird

deepwaterhorizonresponse/4615576100 US Navy Cleaning Pelicans
FT JACKSON, La (May 15, 2010) — Danene Burtel, Wild life rehabilitator, Dr. Heather Nevill, and Dr. Erica Miller, members of the Louisiana State Wildlife Response Team cleanse a pelican of oil at the Clean Gulf Associates Mobile Wildlife Rehabilitation Station on Ft. Jackson in Plaquemines Parish, La., May 15. The station stood up to provide support for animals that are affected as a result of the April 20 explosion on the Mobile Offshore Drilling Unit Deepwater Horizon. (U.S. Navy photo by Mass Communication Specialist 2nd Class Justin Stumberg/Released)https://www.flickr.com/photos/deepwaterhorizonresponse/4615576100/

Swiss National Bank SNB
Swiss National Bank
Recall that the wife of the previous Swiss National bank head, Philipp Hildebrand, made a profit over the suddenly weakened Swiss franc (from pegging the it to the Euro). He “claimed to have no knowledge of the transaction“. See: “Thomas Jordan – ‘the most hated man in foreign exchange?’The central bank chief’s decision to reverse his pledge not to abandon the Swiss franc cap has made him instantly unpopular in Switzerland“, by Angela Monaghan, The Guardian, Thursday 15 January 2015 16.46 GMT http://www.theguardian.com/business/2015/jan/15/thomas-jordan-swiss-national-bank-chief-profile

Now who REALLY believes that Hildebrand’s wife didn’t know about the devaluation of the Swiss franc ahead of time and benefit from it intentionally? They don’t talk to each other? Even those with a tiny bit of money benefit from currency fluctuations. There must have been some legal loophole or others benefited from the knowledge and are protecting him!

Investigation dropped against former SNB head
NOV 23, 2014 – 13:57 http://www.swissinfo. ch/eng/investigation-dropped-against-former-snb-head/41130676

So, the investigation was dropped less than two months ago, and the new SNB head suddenly reversed Hildebrand’s action leading to a rapid revaluation of the Swiss franc! Companies dependent on the export market need to demand an investigation.

As a consequence, a Swiss banking group can snatch up Coutts’ International branch on the cheap. The timing just happens to COINCIDENTALLY be PERFECT!? Coutts is entirely owned by the Royal Bank of Scotland, itself 84% owned by the UK, due to a bailout. http://en.wikipedia.org/wiki/Coutts The Royal Bank of Scotland was founded to take care of the bribes paid by England to Scottish parliamentarians to vote for Scotland to merge with England. (1707 Acts of Union). http://en.wikipedia.org/wiki/The_Royal_Bank_of_Scotland Coutts is the Queen’s bank so they aren’t selling the UK part of the bank.

Yes, the Swiss are bankers and accountants, with a few small farmers thrown in.
Many of the workers in their industries drive across the border and their unemployment is a problem for France, Germany and Italy and not for Switzerland. So, if those people lose jobs because a strong Swiss franc makes exports harder, they don’t really give a damn anyway. The Swiss just send their worker-slaves home. Those same Swiss bankers can continue to buy up assets all over the world. The Swiss National Bank also increased the cost of keeping a Swiss bank account. Who Rules Switzerland? Bankers.

According to Reuters (2015/1/15), a financial institutions banker pointed to a potential competitive advantage for Swiss groups bidding for Coutts International Bank (owned by Royal Bank of Scotland), which would come with the increased value of the Swiss franc. A source close to Xavier Niel, who just bought Orange Switzerland for 2.3 billion euros reportedly noted that “without doing anything, you suddenly end up with an asset worth much more than what you bought it for“. Swiss “Sunrise” could also gain. See “ Pending deals seen unaffected by Swiss franc leap“, Thu Jan 15, 2015 9:22pm IST” http://in.reuters.com/article/2015/01/15/swiss-snb-ma-idINL6N0UU27320150115 The pending deals referred to are some other ones.

It also cut a key interest rate from -0.25% to -0.75%, raising the amount investors pay to hold Swiss deposits.” (“Swiss franc soars as Switzerland abandons euro cap“, 15 Jan 2015) http://www.bbc.com/news/business-30829917

India says “Help Wanted”! (See Reuters below) We volunteer Fareed Zakeria to return home and he can even tell Modi which funerals he should go to. Fareed, and some other people from India, need to understand that “American Indian” has nothing to do with India. Maybe a start is to learn the difference between the “West Indies” and “East Indies”. People from India are not the indigenous people of America, as he seems to think.

China appears to want to benefit from French State owned Areva’s anticipated demise, and become the new nuclear monstrosity. NO! NO! NO! 70 YEARS IS ENOUGH! In fact, 70 years is too much! BASTA!

Reuters News Feed Selection

Swiss franc jumps 30 percent after Swiss National Bank dumps euro ceiling Posted:Thu, 15 Jan 2015 12:29:06 GMT
LONDON (Reuters) – Switzerland’s franc soared by almost 30 percent in value against the euro on Thursday after the Swiss National Bank abandoned its three-year old cap at 1.20 francs per euro. http://feeds.reuters.com/~r/reuters/MostRead/~3/PXUehIpVcDk/story01.htm

From watchmakers to ski resorts, Swiss firms hammered by franc surge Posted:Thu, 15 Jan 2015 11:39:10 -0500
ZURICH/LONDON, Jan 15 (Reuters) – Switzerland’s companies warned of a plunge in exports, tourist revenues and profits after the country’s central bank scrapped its cap on the Swiss franc, sending the currency soaring up to 30 percent and crushing their competitiveness in world markets. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/rkQqCN9jXU4/swiss-snb-companies-idUSL6N0UU3NU20150115

UPDATE 2-Hedge funds, speculators face big losses on Swiss franc rally Posted:Thu, 15 Jan 2015 20:42:12 GMT
NEW YORK/LONDON, Jan 15 (Reuters) – Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National… http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/MF_GGVjbk5k/story01.htm

Commodities traders’ costs soar with Swiss franc’s leap
Posted:Thu, 15 Jan 2015 19:29:46 GMT
LONDON, Jan 15 (Reuters) – A dramatic rise in the value of the Swiss franc sent costs soaring for the country’s commodity trading houses on Thursday, adding to pressures from tax and regulatory uncertainty that has already pushed many abroad. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/BVX98cd1E9o/story01.htm

UPDATE 5-Swiss shares post biggest one-day fall since 1989 on franc furore Posted:Thu, 15 Jan 2015 13:02:36 -0500
* Huge losses for major stocks Swatch, Richemont (Updates with closing prices) http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/kWs-wNExaSQ/markets-stocks-europe-idUSL6N0UU2OS20150115

China’s Premier urges nuclear firms to boost overseas presence
Posted:Fri, 16 Jan 2015 07:28:41 GMT
BEIJING, Jan 16 (Reuters) – China will push its big nuclear firms to improve their competitiveness and boost their presence overseas as it bids to become one of the world’s dominant nuclear energy powers, the country’s premier Li Keqiang said. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/Oa5H4spbZ4E/story01.htm

Heavy fighting in northeast Congo as talks with militia falters Posted:Thu, 15 Jan 2015 12:33:24 -0500
KINSHASA, Jan. 15 (Reuters) – Heavy fighting took place in northeastern Democratic Republic of Congo on Thursday between the Congolese army and a rebel militia following a breakdown of talks, U.N. officials said. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/eBbpptql7wE/congodemocratic-rebels-idUSL6N0UU3XC20150115

UPDATE 1-Freeport-McMoRan in $137.5 mln settlement over acquisitions Posted:Thu, 15 Jan 2015 12:16:19 -0500
Jan 15 (Reuters) – Freeport-McMoRan Inc on Thursday agreed to pay $137.5 million to resolve a lawsuit claiming that executives and directors had conflicts of interest that caused the natural
resources company to overpay significantly for two oil and gas companies in 2013. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/3WAshsxGmz8/freeportmcmoran-settlement-idUSL1N0UU1FU20150115

Humans push planet beyond boundaries towards “danger zone” – study – TRFN Posted:Thu, 15 Jan 2015 14:00:00 -0500
ROME, Jan 15 (Thomson Reuters Foundation) – Human activity has pushed the planet across four of nine environmental boundaries, sending the world towards a “danger zone”, according to a study published on Thursday in the journal Science. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/hqx7qOdaKn8/climatechange-science-food-idUSL6N0UT2OY20150115

China met 2014 pollution control targets – ministry
Posted:Thu, 15 Jan 2015 07:19:50 -0500
BEIJING, Jan 15 (Reuters) – China has met its 2014 targets for air and water pollution control, the official news agency Xinhua said on Thursday. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/GdgUQDycrag/china-pollution-idUSL3N0UU4CH20150115

UPDATE 1-Kerry pledges support to Bulgaria over energy supplies Posted:Thu, 15 Jan 2015 10:01:15 -0500
* Washington pushing Sofia to improve rule of law (Adds details, official quotes) http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/DigZNkUZKOQ/bulgaria-usa-idUSL6N0UU2CT20150115

Shell joins India LNG project with raised 26 pct stake
Posted:Thu, 15 Jan 2015 09:30:07 -0500
NEW DELHI, Jan 15 (Reuters) – Royal Dutch Shell Plc will take a 26 percent stake in the planned Kakinada liquefied natural gas terminal on the east coast, an official at partner Indian gas firm GAIL said, slightly higher than previously proposed. http://feeds.reuters.com/~r/reuters/utilitiesNews/~3/yFee3IM9xdE/india-lng-shell-idUSL3N0UU4FS20150115

Polish finance minister to meet with central bank after Swiss franc surge Posted:Thu, 15 Jan 2015 22:28:39 GMT
WARSAW, Jan 15 (Reuters) – Poland’s finance minister said on Thursday he called a meeting for Tuesday with the central bank’s governor and heads of Polish commercial banks with large portfolios of… http://feeds.reuters.com/~r/reuters/bondsNews/~3/F-Z-p_NxzV8/story01.htm

TREASURIES-U.S. 30-year yield hits record low after Swiss rate cut Posted:Thu, 15 Jan 2015 21:17:52 GMT
* 70 pct chance ECB to pursue QE next week-Reuters poll (Updates record low yield on 30-year bonds) http://feeds.reuters.com/~r/reuters/bondsNews/~3/V6CgaS-bCN0/story01.htm

N.Y. police arrest son in murder of hedge fund founder
Posted:Tue, 06 Jan 2015 06:45:41 -0500
NEW YORK (Reuters) – The son of a hedge fund founder was arrested on Monday and charged with the murder of his father, who was discovered shot to death in his New York apartment over the weekend,… http://feeds.reuters.com/~r/news/hedgefunds/~3/0-dHbUIoRF0/usa-crime-wainscott-idUSKBN0KF0ZU20150106

Hedge fund manager Andurand strikes gold again by betting on oil crash Posted:Tue, 06 Jan 2015 06:45:18 -0500
LONDON (Reuters) – Energy hedge fund Andurand Capital returned 38 percent in 2014 betting on the collapse in oil prices, a source familiar with the matter said on Tuesday, emerging as one of the… http://feeds.reuters.com/~r/news/hedgefunds/~3/klPpsjlWA-M/andurand-results-idUSKBN0KF0ZS20150106

GLOBAL MARKETS-Franc, European shares soar after Swiss currency cap lifted Posted:Thu, 15 Jan 2015 21:35:40 GMT
* Markets rocked as Switzerland abandons three-year-old franc cap http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/EJSfBTZbg4g/story01.htm

UPDATE 2-FX market absorbs ‘meteorite’ of Swiss shock
Posted:Thu, 15 Jan 2015 22:05:31 GMT
LONDON, Jan 15 (Reuters) – The foreign exchange market defied worries about systemic failure on Thursday as Switzerland’s move to cut its franc currency loose jolted it with the biggest market swing… http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/vsIN7Pv1fbM/story01.htm

Regional U.S. mortgage agency settles subprime lawsuits with banks Posted:Thu, 15 Jan 2015 20:14:07 GMT
NEW YORK (Reuters) – The Federal Home Loan Bank of San Francisco said on Thursday it reached a settlement worth $459 million with certain banks it sued after buying subprime mortgage-backed… http://feeds.reuters.com/~r/news/wealth/~3/mfLMz6OwRbM/story01.htm

U.S. regulators question whether Credit Suisse has rule-breaking culture Posted:Thu, 15 Jan 2015 20:06:08 GMT
WASHINGTON (Reuters) – U.S. pension regulators questioned Thursday whether criminal violations in one unit of Credit Suisse Group AG reflect broader compliance problems at the Swiss bank, in an… http://feeds.reuters.com/~r/news/wealth/~3/ukVeA4pIXwg/story01.htm

How to play the interest rate game in 2015
Posted:Wed, 14 Jan 2015 20:30:53 GMT
NEW YORK (Reuters) – Most experts expect U.S. interest rates to rise in 2015, but no one knows when and by how much. http://feeds.reuters.com/~r/news/wealth/~3/9NcZt4k2laA/story01.htm

Help wanted: India’s ‘Make in India’ drive lacks skilled labor
Posted:Tue, 30 Dec 2014 04:14:09 GMT
MUMBAI (Reuters) – In a classroom of construction firm Larsen & Toubro’s training center outside the Indian city of Mumbai, an instructor lifts up a tool and shows it to his students: “Clawhandle,”… http://feeds.reuters.com/~r/news/economy/~3/AfuyaNCwcBA/story01.htm

As oil falls, Russia choked by military, social spending
Posted:Tue, 30 Dec 2014 08:01:40 GMT
MOSCOW (Reuters) – Russian authorities are facing some unpalatable options as they try to keep the economy afloat – unless they can persuade President Vladimir Putin to curb massive military… http://feeds.reuters.com/~r/news/economy/~3/5FvN4g6nmT0/story01.htm

Japan’s ruling coalition approves corporate tax cuts to spur growth Posted:Tue, 30 Dec 2014 07:24:54 GMT
(Reuters) – Japan’s ruling coalition has approved a tax reform plan that will cut corporate taxes from April and pledges further reductions in coming years in a bid by Prime Minister Shinzo Abe to… http://feeds.reuters.com/~r/news/economy/~3/uHa9x-87fVg/story01.htm

China to relax restrictions on banks’ yuan trading, adding transparency Posted:Tue, 30 Dec 2014 05:35:32 GMT
SHANGHAI (Reuters) – China will relax restrictions on banks’ yuan trading starting in 2015, in a small but significant move towards relaxing its capital controls. http://feeds.reuters.com/~r/news/economy/~3/L9E1bCIXgXk/story01.htm

UPDATE 2-BP’s max fine for spill cut by billions on court ruling Posted:Thu, 15 Jan 2015 23:14:43 GMT
HOUSTON, Jan 15 (Reuters) – BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller than the U.S. government claimed. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/kxwSZdE3UB8/story01.htm

UPDATE 2-Freeport-McMoRan in $137.5 mln settlement over purchases Posted:Thu, 15 Jan 2015 22:53:26 GMT
Jan 15 (Reuters) – Freeport-McMoRan Inc agreed on Thursday to pay $137.5 million to resolve a lawsuit claiming executives and directors had conflicts of interest that caused the natural resources company to overpay significantly for two oil and gas companies in 2013. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/lhdAtbNkyI4/story01.htm

UPDATE 1-Schlumberger to cut 9,000 jobs as oil prices plunge
Posted:Thu, 15 Jan 2015 22:39:17 GMT
Jan 15 (Reuters) – Schlumberger Ltd, the world’s No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs in response to a continuing fall in oil prices. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/kus5MpKDrF0/story01.htm

UPDATE 1-U.S. judge rules that BP spill smaller than feared
Posted:Thu, 15 Jan 2015 22:25:36 GMT
HOUSTON, Jan 15 (Reuters) – BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller than thought. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/kxwSZdE3UB8/story01.htm

Schlumberger revenue rises 6 pct
Posted:Thu, 15 Jan 2015 21:31:17 GMT
Jan 15 (Reuters) – Schlumberger Ltd, the world’s No.1 oilfield services provider, reported a 6 percent rise in quarterly revenue, helped by efficiency improvements in North America and resilient drilling activity in the Middle East and Asia. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/Vk7Sa5aKLQQ/story01.htm

UPDATE 1-Canada postpones Three Amigos summit amid Keystone XL tension Posted:Thu, 15 Jan 2015 20:59:19 GMT
OTTAWA, Jan 15 (Reuters) – Canada has postponed a summit with the leaders of the United States and Mexico, officials said on Thursday, amid persistent tensions over the construction of TransCanada Corp’s Keystone XL pipeline and other issues. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/KKi0KoKaix0/story01.htm

U.S. oil train safety proposal due in May
Posted:Thu, 15 Jan 2015 20:48:40 GMT
WASHINGTON, Jan 15 (Reuters) – The U.S. Transportation Department will offer a new design for oil trains by mid-May as officials try to make sure crude oil is moving safely on the tracks, officials said this week. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/3-MvS3QsYnk/story01.htm

Strike causes fuel shortage in Argentina’s Mendoza province
Posted:Thu, 15 Jan 2015 20:03:12 GMT
BUENOS AIRES, Jan 15 (Reuters) – Argentina’s state-run energy company YPF said on Thursday an open-ended strike by oil workers in the province of Mendoza was causing a shortage of fuel at its service stations there and risked impacting supply throughout the country. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/svAPoI93O-4/story01.htm

UPDATE 1-Canada pushes back budget to April due to market instability Posted:Thu, 15 Jan 2015 19:43:54 GMT
CALGARY, Jan 15 (Reuters) – The Canadian government will unveil its budget this year later than it usually does, waiting at least until April because of market volatility, Finance Minister Joe Oliver said on Thursday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/uCIjtWzelOw/story01.htm

Britain to launch review of its oil and gas industry
Posted:Thu, 15 Jan 2015 17:39:09 GMT
LONDON, Jan 15 (Reuters) – Britain will launch a review to identify key risks to oil and gas production in response to the collapse in oil prices, after oil majors BP and ConocoPhillips said they were cutting more than 500 jobs in their North Sea operations. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/VaZkVcJyR4E/story01.htm

Putin’s defence fixation deepens Russian budget problems
Posted:Thu, 15 Jan 2015 17:26:43 GMT
MOSCOW, Jan 15 (Reuters) – President Vladimir Putin’s insistence on huge defence spending makes it hard to see how a government plan to make deep budget cuts will see Russia through a deepening economic crisis. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/4-wtYXeLCBU/story01.htm

Russia’s Putin, Venezuela’s Maduro discuss oil markets – Interfax Posted:Thu, 15 Jan 2015 17:19:05 GMT
MOSCOW, Jan 15 (Reuters) – Russian President Vladimir Putin and Venezuelan President Nicolas Maduro held a “detailed discussion” on the global oil market situation, Interfax news agency quoted Kremlin spokesman Dmitry Peskov as saying after the leaders’ meeting on Thursday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/Mi5WiiNzB6Y/story01.htm

UPDATE 1-Big global copper surplus? Mine cutbacks force rethink Posted:Wed, 14 Jan 2015 13:08:56 -0500
* Analysts’ consensus last Oct was for 350,000 T surplus this year http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/60oti1AHmig/copper-balance-idUSL6N0UT4D720150114

Banks withdrawal opens doors for niche financiers in gold sector Posted:Wed, 14 Jan 2015 09:10:59 -0500
LONDON, Jan 14 (Reuters) – Struggling gold miners are turning increasingly to alternative sources of finance for funds as banks and equity investors shy away. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/SNQ6h_xrMig/gold-mining-financing-idUSL6N0UT26F20150114

Wells Fargo examines its energy loans after oil-price drop
Posted:Wed, 14 Jan 2015 20:02:40 GMT
NEW YORK, Jan 14 (Reuters) – Wells Fargo & Co, one of the biggest lenders to U.S. energy companies, is reviewing each of its loans to the sector in the wake of oil prices tumbling 60 percent since last summer, executives said Wednesday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/7nPyGLL-Tnk/story01.htm

UPDATE 2-Venezuelan president to meet Putin as oil-dependent economies sink Posted:Wed, 14 Jan 2015 16:53:09 GMT
MOSCOW, Jan 14 (Reuters) – Venezuela’s President Nicolas Maduro will meet Russian leader Vladimir Putin on Thursday as he ends his tour aimed at trying to persuade big oil producers to cut output to stop the price rout. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/D0pDpgql-mQ/story01.htm

MMG see sharp 2015 output drop at ageing Century zinc mine
Posted:Wed, 14 Jan 2015 21:31:42 -0500
SYDNEY, Jan 15 (Reuters) – Australia’s Century mine, one of the world’s biggest sources of zinc, will see production decline by up to 31 percent in 2015, its final year of operation, owner MMG Ltd said on Thursday. http://feeds.reuters.com/~r/reuters/basicmaterialsNews/~3/2xFC9W4TWlg/mmg-australia-zinc-idUSL3N0UU1GE20150115

West Virginia governor sees brighter future from energy, businesses Posted:Wed, 14 Jan 2015 20:20:35 -0500
WASHINGTON, Jan 14 (Reuters) – West Virginia’s economy and budget are climbing out of recent lows, and the state must embrace the U.S. energy renaissance and attract more businesses in order to reach… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/T7TOzNsrznI/usa-west-virginia-governor-idUSL1N0UU03B20150115

After 15 convictions, Madoff prosecutions appear to be over
Posted:Wed, 14 Jan 2015 19:47:43 -0500
NEW YORK, Jan 14 (Reuters) – After more than five years and 15 convictions, the U.S. government’s criminal investigation of Bernard Madoff’s colossal Ponzi scheme may finally be coming to an end. http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/nNFPFFrY9t4/madoff-workers-idUSL1N0UT2V320150115

Oppenheimer loses bid to collect $30 mln from Deutsche Bank
Posted:Wed, 14 Jan 2015 18:51:36 -0500
* Brokerage firm claimed reliance on German bank in sale of auction-rate securities http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/Uv4QN4SB39U/oppenheimer-auctionrate-loss-idUSL1N0UT27S20150114

U.S. risk council to discuss reforms for designating risky firms Posted:Wed, 14 Jan 2015 17:23:47 -0500
WASHINGTON, Jan 14 (Reuters) – The U.S. risk council will hold a public meeting next week to discuss potential reforms to its process for deciding which financial firms should be designated as… http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/K1-DVu1xzaw/usa-riskpanel-idUSL1N0UT2PM20150114

Carlos Slim becomes NY Times largest shareholder
Posted:Wed, 14 Jan 2015 17:19:57 -0500
Jan 14 (Reuters) – New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. http://feeds.reuters.com/~r/reuters/governmentfilingsNews/~3/ikCMOnk09IY/new-york-times-warrants-carlos-slim-idUSL3N0UT5I720150114

RPT-UPDATE 2-Oil price drops bring pain to Texas, North Dakota – Fed Posted:Wed, 14 Jan 2015 21:20:30 GMT
WASHINGTON, Jan 14 (Reuters) – A plunge in energy prices is hitting America’s oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve said on Wednesday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/r3DifxlwshU/story01.htm

UK North Sea oil drilling work lowest in 15 years
Posted:Thu, 15 Jan 2015 00:01:00 GMT
LONDON, Jan 15 (Reuters) – The number of oil wells drilled in the British part of the North Sea fell to the lowest level in 15 years last year, data showed on Thursday, underlining the basin’s struggle with high exploration costs that have contributed to a decline in output. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/dPEvmbX3Vtg/story01.htm

UPDATE 1-Continental CEO Hamm pledges $2.6 bln in shares to secure personal loan Posted:Wed, 14 Jan 2015 23:15:59 GMT
Jan 14 (Reuters) – Continental Resources Inc said that Harold Hamm, its chief executive officer and majority shareholder, has pledged about one-fourth of the company shares he owns as collateral for a personal loan, according to a regulatory filing. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/Jrg0RwLFaxA/story01.htm

UPDATE 2-Morgan Stanley names new commodity chiefs in surprise switch Posted:Wed, 14 Jan 2015 23:12:56 GMT
NEW YORK, Jan 14 (Reuters) – Morgan Stanley appointed two new executives on Wednesday to run one of Wall Street’s last big commodity trading operations following the unexpected departure of the previous co-heads. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/hMRMLThlTCc/story01.htm

Conoco seeks U.S. guidance on light oil exports -CEO
Posted:Wed, 14 Jan 2015 22:54:33 GMT
WASHINGTON, Jan 14 (Reuters) – ConocoPhillips has asked the U.S. Commerce Department for guidance on whether it can ship its minimally treated light oil abroad, though the company does not believe it makes sense to export it now, the company’s CEO said on Wednesday. http://feeds.reuters.com/~r/reuters/USenergyNews/~3/mJjuVfvF6Yg/story01.htm