Earlier this year I wrote an article discussing the pathetic state of the airline industry in the U.S. due to consolidation of carriers. For travelers it has become a nightmare flying from Point A to Point B. Equity investors have treated most airline stocks like rotten fish that are best avoided at all costs. A …
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Lloyds Banking Group (LYG) and Royal Bank of Scotland(RBS) are two of the top five banks based in the U.K. Both these banks used to have solid dividend yields and performed well up until the credit crisis of 2008-09 hit. In order to prevent the banks from collapsing due to heavy losses the British government …
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The elevator industry is highly concentrated with just four companies accounting for two-thirds of the global market. The these companies are: Otis, part of United Technologies of the USA Kone of Finland ThyssenKrupp, part of the conglomerate by the same name of Germany Schindler of Switzerland Some of these firms can be considered as the world’s …
Inside Russia Today: counterweight to the mainstream media, or Putin’s mouthpiece? ( New Statesman) The bizarre world of petrol pricing: How it’s decided what motorists pay at the pumps (This is Money) The biggest investment mistakes of the last 20 years (Trustnet) Inequality rising in wake of crisis (OECD Insights) Why austerity may be wrecking the recovery (Maclean’s) …
Continue reading ‘Knowledge is Power: Russia Today TV, Liquidity Trap, Inequality Edition’ »
The U.S. crude production is estimated to reach 7.4 million bbl/d this year and 8.2 million bbl/d in 2014 according to EIA. However gasoline consumption alone is projected to be 8.68 million barrels per day. When other products of crude oil such as jet fuel are added the daily consumption far exceeds production making the …