For the latest indication of how bad the recession in the US sector field is, we took a look at last night's Schlumberger results which were modestly better than expected, beating expectations of $0.37 by one cent, however as usual the non-GAAP adjusted bottom line did not tell the full story. The Company's net income plunged nearly 50%, to $501 million, or 40 cents a share, from $975 million, or 76 cents, a year earlier.
According to the British NGO, War on Want, the real reason why Obama wants Britain to stay in the EU is to impose the TTIP deal on Europe They warn that the US President is currently in the UK to force the “toxic” Transatlantic Trade and Investment Partnership deal on Britain, a move which would allow US firms to demolish the state health system and more… Obama penned an opinion column in Britain’s Daily Telegraph newspaper where among other things he outlined why he believes Britain should remain in the European Union (EU).
Just as US equity futures were about to roll over following some very substantial misses yesterday by the likes of Google, Microsoft, Starbucks and a plunge in Visa shares, overnight who came to the markets' rescue but the BOJ, when shortly after midnight Bloomberg reported that "according to people familiar with talks at the BOJ" which is the traditional keyword for a BOJ source testing out the market's reaction, Japan's central bank may "help" local banks to lend by offering a negative rate on some loans.
You know the British establishment is in full panic mode when not only do they allow President Obama to visit the nation just a month after throwing Cameron "distracted by other things" and his European neighbors under the bus over the collapse of Libya, but, despite 100 members of Parliament signing a letter telling Obama "not to interfere" with Britain's domestic affairs, The Telegraph prints an Op-Ed in which the lame-duck president lords it over the British citizenry with a veiled threat that should they "his friends" leave Europe, the "special relation
Submitted by Michael Snyder via The Economic Collapse blog,
If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?