Europe

By EconMatters

We reported last week that BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. What happened was BP's Board approved an executive compensation package including a 20% raise in 2015 to nearly $20 million for its CEO Bob Dudley. Although we do not have the detail of other executive compensations, they must be pretty generous judging from Dudley's 20% raise.

By Chris at www.CapitalistExploits.at

Taking a glance at the headlines in Europe, all I see is the world's "woes" cropping up. Either we're dealing with cowboys, or the market sentiment is decidedly bearish. I'll let you be the judge...

Down in Fredrick, MD, visiting with the KBRA FIG team this week. Last week we published a research note, "Will Negative Interest Rates Save Europe’s Banking System?"  You can read the full report with footnotes at the link below (registration is free).

https://www.krollbondratings.com/show_report/4042

• Crude's Losses Drag Ruble, Loonie Lower; Stocks Pare Their Drop (BBG)
• Grand Oil Bargain Is Victim of Saudi Arabia's Iran Fixation (BBG)
• Both Parties’ Presidential Front-Runners Increasingly Unpopular (WSJ)
• It's up to you, New York: state takes center stage in election campaign (Reuters)
• Rousseff Hangs by a Thread After Losing Impeachment Vote (BBG)
• China March home prices rise at fastest rate in two years, top cities boom (Reuters)
• Shaken Ecuador hunts for survivors amid 7.8 quake debris (Reuters)

How The American Neoconservatives Destroyed Mankind’s Hopes For Peace

Paul Craig Roberts

When Ronald Reagan turned his back on the neoconservatives, fired them, and had some of them prosecuted, his administration was free of their evil influence, and President Reagan negotiated the end of the Cold War with Soviet President Gorbachev. The military/security complex, the CIA, and the neocons were very much against ending the Cold War as their budgets, power, and ideology were threatened by the prospect of peace between the two nuclear superpowers.