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Sunday, 24 April 2016

EYE on the World - 23 April 2016

" Stories Going Beyond the Mainstream "  

  

 Big Woes Hit Oil, Goldman Sachs, Silicon Valley & Saudis


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Good News: #Exxongate Climate Investigations Expanding



'The scope of the problem we are facing. . . is massive and it requires a multistate effort,' said New York Attorney General Schneiderman.

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DCI Group Subpoenaed in Expanding

 Exxon Climate Denial Investigation


DCI Group, a Washington DC public relations and lobbying firm, is the latest group subpoenaed in an expanding investigation by state attorneys general into the funding of climate change denial by ExxonMobil, according to court filings reviewed by the Center for Media and Democracy (CMD).

ExxonMobil has now received separate subpoenas from both the New York and U.S. Virgin Islands U.S. Attorneys' Offices. The Competitive Enterprise Institute (CEI) and DCI Group have also been subpoenaed by the U.S. Virgin Islands for records relating to their role in helping ExxonMobil with climate change denial.

Seventeen state attorneys general—calling themselves "AGs United for Clean Power"—held a press conference on March 29, announcing increased collaboration between the states in investigating the opposition to tackling climate change.





Silicon Valley Faces Massive Layoff Carnage


The meltdown of Silicon Valley tech jobs accelerated Tuesday, as Intel announced 12,000 job cuts worldwide and a plan to dump product lines, despite reporting higher profits.


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Intel Corporation (INTC: NASDAQ) reported that first quarter net income rose 2.7 percent to $2.05 billion, and sales climbed 7.2 percent to $13.7 billion. The earnings were 14 percent higher than expected, and the sales were in line with expectations.
But during what was anticipated to be an upbeat earnings call, new President Murthy Renduchintala, brought in from Qualcomm in late November, announced he was presenting a plan to CEO Brian Krzanich to slash employment by 11 percent and give CFO Stacy Smith direct control of manufacturing, sales, and operations.

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Movements Against Arming Saudis Growing Rapidly

Human rights groups and others call for arms embargo, accuse US, UK, France, and Canada of complicity in war crimes


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The flow of weapons to Saudi Arabia over the past year has "facilitated appalling crimes," according to leading international human rights groups, which argue that the United States and other western nations are thus complicit in the killing of thousands of Yemeni civilians.


 Oil Plunges with No Deal in Doha

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            Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any                                           agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices. 

 

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Goldman Sachs Profits Collapse 56.3%



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Goldman Sachs Group Inc.'s profit slumped for the fourth straight quarter as market volatility hit the company's bond trading and investment banking businesses.
Goldman - the last of the big U.S. banks to release first-quarter results - reported a 56.3 percent fall in net income applicable to common shareholders to $1.2 billion, or $2.68 per share, for the three months ended March 31.

Education Of Women Key To Advancing Human Condition



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Why Organized Religion Fears Educated Women


Educating women improves the welfare of families as they become empowered to contribute to the financial success of their household—which in turn creates more opportunities and resources available for their children. 
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For thousands of years women have been defined only in correlation to their relationship to men. They have been kept hidden, prohibited from speaking, forced into submission and treated as the “unclean” gender whose existence is that of mental and physical servitude to her human counterpart. Why has so much emphasis been placed upon the mind and actions of women? What does organized religion fear about the mind of an educated and logically-thinking woman?
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