Is America Able To Handle COVID-19? – Global Prospects Hang On This Question

March 31, 2020@11:05 PM TFP Editor 0

Is America Able To Handle COVID-19? – Global Prospects Hang On This Question Authored by Alastair Crooke via The Strategic Culture Foundation, As the lockdowns across Europe began to bite, the U.S. Establishment began its ‘wobble’. The more elegant amongst élite circles pointed to a dangerous mis-match in timelines: The medical advice has been: ‘lockdown until the virus begins to subside’, but that advice encompassed too, the possibility of Covid-19 returning later in the year in a Phase Two, thus requiring further personal distancing. Hands [Read More]

It’s Happening: Oil Producers Are Now Paying Clients As Wyoming Sour Price Turns Negative

March 31, 2020@10:57 PM TFP Editor 0

It’s Happening: Oil Producers Are Now Paying Clients As Wyoming Sour Price Turns Negative When Goldman’s crude oil analysts wrote on Monday that “This Is The Largest Economic Shock Of Our Lifetimes“, they echoed something we said last week – nameley that the record surge in excess oil output amounting to a mindblowing 20 million barrels daily or roughly 20% of global demand… … which is the result of the Saudi oil price war which has unleashed a record gusher in Saudi oil production, coupled [Read More]

Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist

March 31, 2020@10:33 PM TFP Editor 0

The biggest ever consolidation exercise in the public sector banking space is slated to take shape on Wednesday when six PSU lender will be merged into four in a bid to make them globally competitive. The exercise assumes significance as it is taking place at a time when the entire country is under the grip of COVID-19 outbreak. It has triggered 21-day lockdown to contain the spread of the deadly virus. Experts said merger at this point of time will not be very smooth and [Read More]

Coronavirus: Zoom under increased scrutiny as popularity soars

March 31, 2020@10:20 PM TFP Editor 0

Image copyright Getty Images The videoconferencing app Zoom has come under fresh high-level scrutiny as its popularity soars during the coronavirus pandemic. New York’s attorney general has written to the firm raising concerns over its ability to cope with the rise in users. Zoom is now being used by millions of people for work and leisure, as lockdowns are imposed in many countries. But its data security and privacy measures have been questioned. The letter from the office of New York Attorney General Letitia James [Read More]

‘Texas Miracle’ “On Ice For Time Being” As Crude-Carnage & COVID-Chaos Double-Whammy Strikes Lone-Star State

March 31, 2020@9:25 PM TFP Editor 0

‘Texas Miracle’ “On Ice For Time Being” As Crude-Carnage & COVID-Chaos Double-Whammy Strikes Lone-Star State West Texas Intermediate (WTI) spot prices plunged 7.5% to the 19-handle on Sunday evening, hitting lows not seen since 2002.  WTI has crashed 70% in the last 56 trading sessions amid the COVID-19 crisis triggering a demand bust across the world. As a result, an economic storm risks triggering a shale debt bomb in Texas, jeopardizing the state’s $1.8 trillion economy and may damage crude output from the Permian basin that has [Read More]