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wmulnea

BBC News - Falling oil prices: Who are the winners and losers? - 0 views

www.bbc.com/...business-29643612

shared by wmulnea on 13 Feb 15 - No Cached
  • The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production. Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
  • Russia loses about $2bn in revenues for every dollar fall in the oil price,
  • Russia has confirmed it will not cut production to shore up oil prices.
  • ...12 more annotations...
  • Venezuela is one of the world's largest oil exporters, but thanks to economic mismanagement it was already finding it difficult to pay its way even before the oil price started falling.
  • Saudi Arabia, the world's largest oil exporter and Opec's most influential member, could support global oil prices by cutting back its own production, but there is little sign it wants to do this.
  • There could be two reasons - to try to instil some discipline among fellow Opec oil producers, and perhaps to put the US's burgeoning shale oil and gas industry under pressure.
  • Saudi Arabia needs oil prices to be around $85 in the longer term, it has deep pockets with a reserve fund of some $700bn - so can withstand lower prices for some time.
  • were to force some higher cost producers
  • In the 1980s the country did cut production significantly in a bid to boost prices, but it had little effect and it also badly affected the Saudi economy.
  • Saudi Arabia, Gulf producers such as the United Arab Emirates and Kuwait have also amassed considerable foreign currency reserves, which means that they could run deficits for several years if necessary.
  • Islamic State, capturing oil wells. It is estimated it is making about $3m a day through black market sales - and undercutting market prices by selling at a significant discount - around $30-60 a barrel.
  • "The growth of oil production in North America, particularly in the US, has been staggering," says Columbia University's Jason Bordoff.
  • It has been this growth in US energy production, where gas and oil is extracted from shale formations using hydraulic fracturing or fracking, that has been one of the main drivers of lower oil prices.
  • "Shale has essentially severed the linkage between geopolitical turmoil in the Middle East, and oil price and equities," says Seth Kleinman, head of energy strategy at Citi.
  • With Europe's flagging economies characterised by low inflation and weak growth, any benefits of lower prices would be welcomed by beleaguered governments. A 10% fall in oil prices should lead to a 0.1% increase in economic output, say some. In general consumers benefit through lower energy prices, but eventually low oil prices do erode the conditions that brought them about.
cbrock5654

Islamic State: Turkey's Erdogan Likens Syrian Kurdish Fighters To PKK Terrorists - 0 views

www.ibtimes.com/ighters-pkk-terrorists-1707526

ISIS PKK Kurds Ergodan

shared by cbrock5654 on 20 Oct 14 - No Cached
micklethwait liked it
  • cbrock5654 on 20 Oct 14
     
    This news report in International Business Times covers quite a bit of information, as a lot has happened during the past week in regards the conflict with ISIS. The US has declared support for the PKK and other Kurdish forces, because they are fighting against ISIS. Meanwhile, Turkey's President Ergodan, has condemned the US for supporting the PKK, as the US and Turkey are long-standing allies, and the PKK and Turkey have been embroiled in a decades-long conflict. Kurdish fighters are currently battling ISIS forces in the Syrian town of Kobani, and Turkey is opposing giving the fighters any weapons, and equating them with the PKK.
aavenda2

Oil prices slide as Saudi production hits record in March - RT Business - 0 views

rt.com/...49-saudi-oil-production-record

saudi oil prices production

shared by aavenda2 on 11 Apr 15 - No Cached
  • aavenda2 on 11 Apr 15
     
    The Saudi government is more interested in keeping market share rather than cutting production to increase prices.
aavenda2

Oil rises towards US$58 - 0 views

www.thestar.com.my/...r-weekly-gain-as-Iran-supports

Saudi Arabia Oil Demand

shared by aavenda2 on 11 Apr 15 - No Cached
  • aavenda2 on 11 Apr 15
     
    The expect increase in demand for oil by Saudi Arabia is not pointing to the expected lower prices
kbrisba

Pollution in Tunisia: Dirty business | The Economist - 0 views

www.economist.com/...sphate-industry-dirty-business

shared by kbrisba on 19 Apr 15 - No Cached
  • kbrisba on 19 Apr 15
     
    Locals claim that the state-managed industry is causing pollution and illness. Najib Chairat, 52, who worked in the refinery from the age of 32 can barely move and speak. His family believes it was caused by years of breathing in the noxious fumes. Strikes and protests over pollution, wages and unsafe working conditions caused Tunisia's phosphate production to halve after the 2011 revolution.
aavenda2

​Saudi Arabia eyes boosting oil supplies to China - RT Business - 0 views

rt.com/...243941-saudi-arabia-china-oil

saudi arabia oil supplies china

shared by aavenda2 on 29 Mar 15 - No Cached
  • aavenda2 on 29 Mar 15
     
    Saudi Arabia's state-owned oil company, Saudi Aramco, aims to increase supplies to China. It sees big opportunities in Beijing's efforts to restructure the country's economic growth model and believes supplies could double at some point.
aavenda2

Saudis begin strikes, crude oil spikes - South Bend Tribune: Business - 0 views

www.southbendtribune.com/...d5-5370-a8a7-4a6fb72b0201.html

Saudi Arabia strikes oil

shared by aavenda2 on 30 Mar 15 - No Cached
  • aavenda2 on 30 Mar 15
     
    This article provides a closer look at the actual conflicts that are taken place in Yemen & Saudi, but more importantly, their effects on the recent price spike of oil prices.
petergrossmanseu

Syrian Civil War: New Russian Weapons Sent To Assad's Forces - 0 views

www.ibtimes.com/ons-sent-assads-forces-2101610

Syrian Civil War Russian ground-forces

shared by petergrossmanseu on 10 Feb 16 - No Cached
  • petergrossmanseu on 10 Feb 16
     
    An article from the International Business Times discussing the involvement of Russian troops in the Syrian Civil War and a video of Russian troops "training" in Syria. I've put the word "training" because I believe that as much is I believe that as much as I believe Pres. Kennedy when he said we sent "advisers" to Vietnam.
natphan

Isis is strangling Syrian trade but a new orange co-operative is turning to Russia - 0 views

www.theguardian.com/...ge-farmers-export-trade-russia

Syria Russia ISIS conflict

shared by natphan on 09 Mar 16 - No Cached
  • natphan on 09 Mar 16
     
    Syria's economy has been strangled by the ongoing conflict. This follows an orange co-op that has been turning to Russia trying to start an export business.
yperez2

Egypt | Gender Equality and Women's Empowerment | U.S. Agency for International D... - 1 views

www.usaid.gov/...quality-and-womens-empowerment

shared by yperez2 on 29 Sep 14 - No Cached
micklethwait liked it
  • We address gender inequalities in education, support women’s and girls’ civic participation and political rights, reduce and respond to violence against women and children and support women’s economic empowerment by providing jobs, training, loans for small businesses and improved access to trade opportunities.
  • kristaf on 29 Sep 14
     
    The webpage lays out the larger plans and goals when providing aid to Egypt's women to promote equality. The goals range from various aspects including career development, civic participation, reducing poverty (including an increase in girl's enrollment in school), and an increase in healthy habits and standards. The concerns and goals listed also reflect the outline of the  U.N. Commission on the Status of Women. 
  • ...1 more comment...
  • micklethwait on 07 Oct 14
     
    This is the aid program I mentioned in class last week.
  • kristaf on 02 Nov 14
     
    The webpage lays out the larger plans and goals when providing aid to Egypt's women to promote equality. The goals range from various aspects including career development, civic participation, reducing poverty (including an increase in girl's enrollment in school), and an increase in healthy habits and standards. The concerns and goals listed also reflect the outline of the  U.N. Commission on the Status of Women. 
  • yperez2 on 12 Apr 15
     
    USAID helps women gain equality and they promote women empowerment. It helps through various programs in agriculture, education, and health.
mwrightc

Footage shows suspects in Brussels attack - CNN.com - 0 views

www.cnn.com/...brussels-explosions

ISIS footage brussels attack

shared by mwrightc on 23 Mar 16 - No Cached
  • blantonjack on 23 Mar 16
     
    It's one key piece of evidence authorities are looking at as they search for suspects after two explosions at the Brussels airport and another at a busy metro station in the Belgian capital Tuesday killed at least 30 people and wounded 230 others. This explosion and attack was said to be caused by ISIS in their latest message to the western powers.
  • mwrightc on 23 Mar 16
     
    This footage provides evidence that could explain what happened in the airport at Belgium. At least one of the bombings was a suicide bombing.
mcooka

Gender equality? It doesn't exist anywhere in the world - LA Times - 1 views

www.latimes.com/...lobal-womens-rights-story.html

women inequality million higher education

shared by mcooka on 08 Mar 16 - No Cached
  • t's been more than 100 years since the world began observing International Women's Day, and yet no country has achieved full gender equality.
  • But in Yemen, the country that ranks lowest according to the same data,
  • About two-thirds of countries in the developing world have achieved gender equality in primary education according to U.N. data, but the progress is less substantial at the secondary school level.
  • ...9 more annotations...
  • In Africa and South Asia for example, boys remain 1.55 times more likely to complete secondary education than girls, according to World Bank data.
  • Even when girls make it into the classroom they still “continue to face particular risk in chaotic conflict settings,”
  • n Pakistan, for example, the Taliban has declared war on girls' education, and frequently attacks educational institutions
  • “They don’t translate into greater equality in the labor market,” said Sarah Gammage, director of gender, economic empowerment and livelihoods at the International Center for Research on Women. “Around the world women have disproportionately been part of the informal economy.”
  • hey are typically responsible for providing care services for family members, Gammage said. Other duties include child rearing, cooking, and other household chores. It is work for which they are not paid. Women perform three times more unpaid work than men, according to the U.N.’s 2015 Human Development Report.
  • eing able to make decisions, such as voting, owning land, and deciding whom to marry “is where we see the most significant difference between the least developed and developed countries,” said Varia.
  • In Saudi Arabia, women are not permitted to drive and cannot open bank accounts without their husbands' permissio
  • Uganda forbids women to gain permanent custody of children after a divorce,
  • Honor killings, the traditional practice that allows the slaying of a family member who is believed to have brought dishonor on a family, claims thousands of women’s lives every year in South and Central Asia.
  • pvaldez2 on 08 Mar 16
     
    This article is a response to International Women's Day, saying that gender equality doesn't exist in the world. In the middle of the article, they show a chart of the gender gap between men and women. Egypt is last in the chart.
  • mcooka on 08 Mar 16
     
    This article goes into depth about the inequality in the Middle East which extends to today. This looks at the ideas of democratization which would promote higher education. Greater rights for women. and improve infant morality rates 
mcooka

The kingdom is king | The Economist - 0 views

www.economist.com/...-higher-education-kingdom-king

arab egypt college education

shared by mcooka on 31 Mar 16 - No Cached
  • But Saudi Arabia is gaining an unlikely reputation for learning in the Middle East. Earlier this year it gained three of the top four spots in an annual ranking of Arab universities by Times Higher Education (THE), a British weekly magazine. Topping the chart was King Abdulaziz University in the western city of Jeddah, which was founded only in 1967.
  • The kingdom rarely pulls things off as well as, let alone better than, its more savvy fellow Gulf states.
  • ut by world standards, Arab universities do not offer students a very good deal. King Abdulaziz only just made it into the global top 300. Teaching in the Arab world tends to emphasise rote learning rather than developing analytical skills.
  • ...2 more annotations...
  • who are assigned to subjects according not to their own choice, but to their school grades. Medicine, engineering and political science require high results. Low-scorers are concentrated in arts, business and education courses.
  • The very wealthy send their sons and daughters abroad. Many never come back, contributing to a brain drain in the Arab world.
  • mcooka on 31 Mar 16
     
    In Egypt there is a university which has been promoted as the ebst school in the Middle East. Except, it is very limited. It does not offer a reason to develop analytical skills, so often their students do poorly in the job world. in Egypt students are assigned a major and classes based off of their grades, they do not get to pursue what they want. 
natphan

Syria, Russia Consider Creating Joint Banks to Simplify Trade - 0 views

sputniknews.com/...syria-russia-joint-banks.html

Syria Russia Sputnik Economics

shared by natphan on 26 Apr 16 - No Cached
  • natphan on 26 Apr 16
     
    Syria and Russia are considering the possibility of setting up joint banks to carry out transactions between the two countries, Syrian Prime Minister Wael Nader Halqi told Sputnik. "The Russian-Syrian business council has expressed a wish to open a joint Russian-Syrian bank with an equity participation of 50 percent by each side.
mjumaia

As Oil Prices Fall, Who Wins And Who Loses? - 0 views

www.npr.org/...es-fall-who-wins-and-who-loses

OPEC Saudi economy oil Oil Prices Fall GCC Iran

shared by mjumaia on 28 Apr 15 - No Cached
  • mjumaia on 28 Apr 15
     
    This is one likely reason the Saudis have been willing to pump oil at high levels even though that's contributing to low prices. The Saudis publicly cite a business motive, saying they want to maintain their current share of the oil market. But the Saudis are also well aware that low prices mean less money for archrival Iran.
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