During a 45-minute conference call with journalists this morning, Jack Gerard shared some startling predictions about the future health of the nation’s oil and natural gas industry if the Obama Administration gets its way in adding more regulation and increasing taxes on offshore drilling in the Gulf of Mexico. The biggest one of all is [...]
SHOCK! Offshore Drilling Moratorium Would Cost United States 175,000 Jobs Per Year Through 2035
July 27th, 2010 · 4 Comments
Tags: · 000 Jobs Per Year Through 2035, american petroleum institute, api, Bloomberg, Bloomberg News, dallas morning news, dow jones, dow jones newswire, employment, gdp, gross domestic product, gulf of mexico, hearst newspapers, indirect employment, Jack Gerard, jobs, labor income, moratorium, natural gas, obama adminstration, offshore drilling, oil, oil imports, oil production, regulation, Reuters, SHOCK Offshore Drilling Moratorium Would Cost United States 175, taxes, Wall Street Journal
President Obama to Hold Banking Summit Monday
December 10th, 2009 · No Comments
President Barack Obama plans to hold a Banking Summit Monday, according to a Bloomberg report today. Among those participating in the event, said to be a forum for discussing the president’s proposals to boost small-business lending and overhaul industry regulations, will be executives from 12 banks, including Citigroup, Goldman Sachs and JPMorgan Chase and others [...]
Tags: · bailout, bailout banks, bank summit, banking industry, banking industry regulations, banking summit, Barack Obama, Bloomberg, borrowing, business owner, citigroup, credit, Goldman Sachs, jpmorgan chase, Obama, president barack obama, president obama, President Obama to Hold Banking Summit Monday, Small Business, small business owner, small-business lending
China, Russia Opt Out of Printing Obama Op-Ed (Updated)
March 24th, 2009 · No Comments
Though 30 newspapers around the globe today published President Barack Obama’s op-ed, “A time for global action,” no one should be surprised by the fact that newspapers in China and Russia did not. The decision by Chinese and Russian leaders to opt out of publishing President Obama’s call — dubbed a “rare simultaneous op-ed” in [...]
Tags: · a time for global action, Barack Obama, Bloomberg, China, china's central bank, chinese, council on foreign relations, dollar tumbles, Financial Times, g20, g20 meeting, imf, international monetary fund, international reserve currency, Kremlin, lack of faith, Moscow Times, new global system, Obama, obama op-ed, one-world currency, president barack obama, president obama, replace the collar, reserve currency, Russia, Russian, supranational reserve currency, u.s. economy, White House, White House blog, world financial system, zhou xiachuan
Greatest Wealth Transfer in Nation’s History No Longer Voluntary, Thanks to President Obama
March 6th, 2009 · 2 Comments
As recently as two years ago, the prospect of being involved in what was expected to be the greatest transfer of wealth in the history of the United States had financial planners, philanthropists, development officers and others licking their chops. Today, thanks to President Barack Obama, that excitement has waned as involuntary wealth transfer appears [...]
Tags: · 41 trillion, Barack Obama, Bloomberg, boston college, center on wealth and philanthropy, change, charities paul g. schervish, charity, development officer, dow, dow jones, dow jones industrial average, financial planners, Greenhouse Gas, greenhouse gas emitters, high earners, hope, inauguration day, nonprofits, Obama, obama bear market, philanthropist, president barack obama, president obama, Redistribution of Wealth, Stock Market, transfer of wealth, wealth, wealth transfer
Obama Stimulus Plan Could Ruin Your Health
February 10th, 2009 · No Comments
Tragically, writes Betsy McCaughey in an opinion piece published by Bloomberg yesterday, no one from either party is objecting to the health provisions slipped into the so-called “economic stimulus package” without discussion. And that opinion piece by McCaughey, former New York lieutenant governor and current adjunct senior fellow at the Hudson Institute, has the nation [...]
Tags: · Arlen Specter, Barack Obama, betsy mccaughey, Bloomberg, Canada, daschle, Democrat-Controlled Congress, economic stimulus package, electronic medical records, great britain, health and human services, health care system, health provisions, health rules, hudson institute, mccaughey, national coordinator of health information technology, nationalized medicine, Obama, Olympia Snowe, president barack obama, president obama, Republican, Socialized Medicine, susan collins, tom daschle
Senate Approves ‘Economic Stimulus Package’ (Updated)
February 9th, 2009 · 4 Comments
UPDATE 2/10/09 at 11:55 a.m. Central: The U.S. Senate just passed the now-$838 billion “economic stimulus plan by a vote of 61-37. It now moves to a conference committee where members of both the House and Senate will iron out their differences over the bill before voting on it again and, presumably, forwarding it to [...]
Tags: · Bloomberg, conference committee, economic stimulus package, financial crisis, pork, pork-laden, Senate, senate vote, stimulus, stimulus package, taxpayers, U.S. Senate
Paulson Among Buyers of Failed IndyMac Bank
January 5th, 2009 · 3 Comments
The FDIC issued a news release Friday to let the world know the agency’s board had approved a letter of intent to sell IndyMac Bank to a thrift holding company controlled by IMB Management Holdings LP. Though one of the men involved in purchasing the bank shares the same last name as Treasury Secretary Henry [...]
Tags: · Associated Press, banking system, Bloomberg, ESPN, espn sports center, failed bank, fdic, george soros, hank paulson, hedge fund, hedge-fund operators, imb management holdings, indy mac bank, indymac bank, john alfred paulson, Los Angeles Times, madison avenue, paulson, pseudo-journalists, public affairs office, san jose business journal, sports center, treasury department, treasury secretary henry m. paulson, walek and associates, Wall Street Journal
