Tag: oil

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George Sorbane Quotes: “When the lower half rules, the upper half suffers.

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George Sorbane kindle books https://www.amazon.in/Kindle-Store-George-Sorbane/s?rh=n%3A1571277031%2Cp_27%3AGeorge+Sorbane

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1…………> Today’s White House Tweets

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Donald J. Trump

@realDonaldTrump

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https://twitter.com/realDonaldTrump?ref_src=twsrc%5Eappleosx%7Ctwcamp%5Esafari%7Ctwgr%5Eprofile

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2…………> Provide Funds To US Oil, Gas Industry: Trump’s Orders

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American businesses – especially in the petroleum sector – suffered a heavy blow due to the collapsing oil markets during the past week, as the global pandemic has resulted in a dramatic drop in crude oil prices around the world:

“We will never let the great US Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future”, President Trump tweeted.

The news comes as Democratic Senate Minority Leader Chuck, “I cried tears for the Muslims” Schumer announced that there will be a deal between legislators on corona-virus funding. The upper chamber of the US Congress is expected to approve a bill on economic measures to curb the crisis later in the day.

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https://sputniknews.com/us/202004211079043543-trump-instructs-treasury-energy-depts-to-devise-plan-to-fund-us-oil-gas-industry/

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3…………> Long Overdue: Trump’s Immigration Ban To Hit Tech Sector

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President Trump’s immigration ban could be a big blow for the fast-growing US technology sector, affecting a large number of migrant workers, particularly from Asia, that now provides large numbers of the new working population.

This supply of “cheap” talent could soon be cut off under Mr. Trump’s temporary ban, aimed at stopping the virus spreading and protecting American jobs, since it has been estimated that more than one million immigrants arrive in the US each year, with India accounting for most of the new foreign workforce, followed by Mexico, China and Cuba.

“This will definitely impact immigration movements into the IT sector in the US from India and China, being two countries with large migration numbers globally, China and India also have other business sectors where the ban will impact their movements to the States, further crippling trade and the economy adversely”, said Latha Olavatth, at immigration specialist.

“Trump’s immigration ban will hurt US tech companies’ ability to recruit the talent necessary to remain competitive and focus on innovation. Instead of staying in America and building America’s tech prowess, top talent will return to their home countries and build the next round of innovation powerhouses. Now, with the immigration ban, more top Chinese, Indian and other foreign talent will seek jobs in tech hubs globally like Shenzhen, Seoul and Bangalore rather than Silicon Valley. They will push invention and innovation in software, hardware and in semi-conductors”, said Shaun Rein, managing director of the China Market Research Group.

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https://www.bbc.com/news/business-52364411

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4…………> Virgin Australia Caves In: A Wave Of Bankruptcies Coming?

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Ticket revenue had dried up following the world-wide corona-virus travel bans, making Virgin Australia its first big corporate casualty of the pandemic, confirming it has entered voluntary administration, as the country’s second-largest carrier cut almost all flights last month following wide-spread travel bans, and already struggling with a long-term debt.

The airline is now seeking new buyers and investors, after failing to get a loan from Australia’s government, company’s chief executive Paul Scurrah saying that:

“Our decision today is about securing the future of the Virgin Australia Group and emerging on the other side of the Covid-19 crisis. Australia needs a second airline and we are determined to keep flying”.

Meanwhile, Sir Richard Branson – whose Virgin group is a part-owner of Virgin Australia – has offered a Caribbean island as collateral to help get a UK government bailout of Virgin Atlantic,

by offering a Caribbean island to secure bailout, with the shares had been suspended in the firm for the past fortnight as it struggled to find a survival plan.

Canberra refused a request from the company for a loan, but in the past month had announced support for all local airlines.

Virgin Australia has turned just two statutory profits in the past decade.

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https://www.bbc.com/news/world-australia-52363428

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5…………> Life Under COVID-19 War Times: Adjust, Hope, Pray & Love

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With lock-downs in place in many countries, concerts and tours have been cancelled, and the prospects for live performances look bleak, but in the Islamic Sheikdom of UK, a platform originally used for booking artists is now offering musicians an alternative way of making money.

Another group of fine art connoisseurs, many museums have started collecting corona-virus pandemic ‘artifacts’ in the middle of the COVID-19 crisis, as many are documenting the historic event with photos of empty seats, self-made face masks, or pandemic diaries, all archived for future generations.

Meanwhile, US states, horrified by the looming 1929-like crash, have moved to ease stay-at-home rules, as health experts urge caution, and debates over stay-at-home orders rise in US, despite confirmed cases topping 780,000. 

Reopening our economy today would backfire two-fold, should the bet turns sour, and an 2nd wave of COVID-19 mutations hit’s the world.

 

https://www.dw.com/en/encore-helping-musicians-through-the-pandemic/av-53196525

 

https://www.dw.com/en/museums-collect-coronavirus-pandemic-artifacts/a-53189713

 

http://www.xinhuanet.com/english/2020-04/21/c_138996212.htm

 

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