Money


Saharanpur violence: SSP, DM sacked for failing to control clashes Saharanpur violence: SSP, DM sacked for failing to control clashes
- May 26, 2017

BJP leader S Prakash also held the same opinion and said that it was Mayawati's duty to ensure peace and not speak in a manner which vitiates the atmosphere further. The recent caste clashes in Saharanpur have created a sense of distrust between the members of upper castes and Dalits who have been living together for generations. (more...)
Geely to take over Proton, Lotus Geely to take over Proton, Lotus
- May 26, 2017

A binding condition for the Malaysian government to grant credit to Proton is to seek a foreign strategic partner (FSP). China-based Geely, whose domestic sales rose 50% previous year to 765,851 units, has a strong European brand in Volvo, but is weak in the ASEAN region. (more...)
Trump administration sending Congress $4.1 trillion budget
- May 24, 2017

Longtime GOP Rep. Hal Rogers of Kentucky declared proposed cuts to safety net and environmental proposals "draconian". "I think realism in the way we forecast numbers is part and parcel to a constructive budget process". Other estimates range between 1.6 and 2.1 percent, but no economist, Goldwein says, has arrived at figures close to the 3 percent the White House is projecting . (more...)
Trump's Budget Proposal Is Based On Some Pretty Optimistic Assumptions
- May 24, 2017

Here in Colorado, some potential winners and losers . While the plan boosts defense spending by $54 billion, it falls short of campaign promises for a "historic" hike in military spending amid plans to rebuild the US Navy. And the proposed $143 billion reduction in student loans would jeopardize the futures of young people struggling to afford college and begin work. 'Asking for $12 billion in a budget for a border wall is not going to be met with great receptivity in the Senate, ' ... (more...)
India seeks to avoid ATM tears from WannaCry ransomware
- May 19, 2017

Infosec pros should note that WannaCry is NOT being spread by phishing but by exploiting a hole in Windows the U.S. National Security Agency (NSA) found but was leaked to the world. Experts say that this is just the beginning. Wannacry came about because of a leak of NSA secrets, including a flaw in older Windows systems called Eternalblue . (more...)
Oil Prices Edge Up Ahead of US Stockpile Data Oil Prices Edge Up Ahead of US Stockpile Data
- May 18, 2017

Crude production was down 535k bpd compared to April 2016, the largest year-on-year (y-o-y) decline in almost three years. For 2018, OPEC revenues are projected to be $595 billion, with an increase in forecast crude oil prices, coupled with higher OPEC production and exports, contributing to the rise in overall earnings. (more...)