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Repsol Sinopec announces new oil discoveries in Brazil Repsol Sinopec Brasil announced new pre-salt oil discoveries at the Campos bay in Brazil. The recoverable volume is of about 1.2 billion barrels of oil and gas. … more

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As Congress this week inches toward a new set of rules to avert another global financial collapse, it is focused on two conflicting goals: reforming the banking system to protect consumers while still giving lenders the freedom to take risks. So far the score looks like: Bankers 1, Consumers 0. More than a year after a wave of risky mortgage bets brought Wall Street to its knees, banks and other financial institutions are still playing by the same rules that got them into the mess.

A coalition of security experts from more than 30 organizations is urging enterprises to exert more pressure on software vendors to ensure that they use secure code development practices. The group, led by the SANS Institute and Mitre Corp., offered enterprises recent hacks of Google draft contract language that would require vendors to adhere to a strict set of security standards for software development. In essence, the terms would make vendors liable for software defects that lead to security breaches. "Nearly every attack is enabled by [programming] mistakes that provide a handhold for attackers," said Alan Paller, director of research at SANS, a security training and certification group.

Of course, a more general way to address this and other "business" generated problems / abuses (like expensive required "arbitration" by companies owned and in bed with the companies requiring the arbitration!), is to FORBID contract elements that effectively strip any party of certain "rights" (like the right to sue for defectives; the right to freedom of speech; the right to warranty protections; the right to hold either party to public or published promises / representations, etc.). Basically, by making LYING and DECEIT and NEGLIGENCE liability and culpability unrestricted. Or will we hear / be told that being honest and producing a quality product is "anti-business"? What!? Is this like, if I can't lie and cheat being in business isn't worth it!? If that is true, then those parties and businesses could just as well "go away"! Just as "conservatives" say other criminals like that should. One may have argued that the software industry would never have "gotten off the ground" (at least, as fast as it did) if such strict liability had been enforced (as say, was eventually and is more often applied to physical building and their defects / collapses). That is, that the EULAs and contracts typically accompanying software ("not represented as fit for any purpose" more or less!) had been restricted. On the other hand, we might have gotten software somewhat slower but BETTER - NOT being associated with or causing the BILLIONS of dollars in losses due to bugs, security holes, etc. Others will rail that this will merely "make lawyers richer". So what if it will? As long as government isn't primarily "on the side" of the majority of the people (you know, like a "democracy" should be), then being able to get a individual "hired gun" is one of the only ways for the "little guy" to effectively defend themselves from corporate criminals and other "special interest" elites.

On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross. Two weeks later Gundlach was confronted, fired, and then pursued on foot out of a Los Angeles skyscraper by two lawyers working for TCW, the money management firm with $110 billion in assets where Gundlach had worked for 24 years.

Jim Rogers : We will have another Recession and this time it is going to be much worse

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Future of US Economy Will Be Very Bleak Marc Faber

- On Tue, 3/13/18, Erick Mango wrote: > From: Erick Mango > Subject: Fwd: WELCOME TO ROYAL BANK OF SCOTLAND FUND TRANSF…

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With the mega gains Rivian Automotive has experienced in pre market by adding almost 50% to its price the news has gripped the EV investor community. RIVN stock has been victim of trading. A single trader purchase $14 call options and $13 call options both set to expire on June 28. If pre market gains hold and extend even further until the June 28 deadline the profit will multiple. If Rivian stock currently trading at $16.95 in pre market maintains its upward momentum the holder of options stands to make substantial profits that measure in million from this investment of $16,000. RIVN stock rise has caused millions of dollars worth of losses to short sellers with high interest of 18.85% in Rivian shares and average coverage of 4.48 days the most of them liquidated. The high level of short seller activity combined with stock surge could cause a potential short squeeze of RIVN stock pushing its price hike. The bad performance of RIVN stock since start of 2024 where if lost 43% of its value during past six months there have been only 7 sales for total of 128,945 RIVN shares have been worth over $1 million.