Thursday, May 15, 2014

USAF Searches For Alternatives To Russian Rocket Engines -- Wow! Who Would Have Guessed; Obama Legacy

Market drops another 130 points: Wal-Mart's 1Q14 sales growth was the weakest in five years.  Not to worry: Wal-Mart is blaming it on the harsh winter that "kept customers from visiting our stores."


Active rigs:


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The Wall Street Journal

Nervous investors pile into bonds.

A high-stakes US-Russian plan for destroying Syria's chemical weapons is in jeopardy on several fronts. I assume US sanctions on Russia did not help.

Well, duh. Many state governments were pulled out of the recession by a surge in tax revenue from their residents' stock-market gains. But that money spigot has slowed, leaving budget holes and debates over the reliance on the wealthy just as many governors face re-election.

The nominee for the government's top health-care job told a Senate panel the federal health agency should use the full extent of the law to recover funds deemed misspent on state insurance exchanges. Perhaps, she should start with fund misspent at the Federal level.

Bill Clinton says wife's health is great -- despite six months it took to recover from a "concussion" and, oh, yeah, that blood clot to the brain.

It looks like China will win the battle over the disputed oil between China and Vietnam. Wasn't that what the war was all about in the first place? Looks like the US bet on the wrong horse in that war also. Or, perhaps better said, Vietnam was fighting the wrong enemy.

Ukraine is close to civil war.

Air Force searches for alternatives to Russian rocket engines. This is amazing, a huge story. Obama legacy. Again. Several story lines here. It's bad enough the US isn't even making its own rocket engines any more but the nation depends on the Russians. What's wrong with that picture?

New York Times replaces top editor: the woman was "too pushy"; demanded "equal pay for equal work" ... for herself. Previously posted.

Heard on the street: Ukraine crisis is pushing Russia closer to striking a long-awaited deal to sell natural gas to China which now has leverage on price.