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Oil Prices Slip Amid Falling U.S. Rig Count

September 8, 2017 Julianne Geiger 0

The number of active oil and gas rigs in the United States rose this week by 1 rig. Baker Hughes Rig Count last week was largely unchanged as well, with data for 47 counties South Texas largely unavailable last week due to the Hurricane, according to BH. The total oil and gas rig count in the United States, two weeks post-Harvey, now stands at 944 rigs, up 436 rigs from the year prior, with the number of oil rigs in the United States decreasing by 3 this week and the number of gas rigs increasing by 4. Oil rigs in the United States now number 756—342…

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Why did the US target Somali civilians hiding under banana trees?

On 25 August, the United States alongside Somali forces conducted a counterterrorism raid on a village near Baiire, southern Somalia – lower Shabelle region, in search of Al-Shabaab fighters associated with Al-Qaeda. The raid resulted in the killing and maiming of ten civilians including three children and women. The Al-Shabaab fighters were not at the village as they had been cleared out by Somali troops early in the same year. Only a few weapons were kept in the village to defend threats from a neighbouring clan, due to tensions based on tribal politics. In total, the village owned eight guns which were in storage at the time of the raid and one in operation for a watch-keeper. It was not […]

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Top Legislators Question FCA Over Aramco Listing Rules

September 8, 2017 Irina Slav 0

The chairs of two UK parliament committees have approached the Financial Services Authority over a proposal to relax LSE listing rules in a bid to win the business of Saudi Arabia when it floats Aramco next year. Nicky Morgan, chair of the Treasury Select Committee, and Rachel Reeves, head of the Energy and Industrial Strategy Committee, wrote to the watchdog with a number of questions regarding whether FCA’s proposal for a consultation to look into a change of listing rules was in any way motivated by interest expressed by Aramco’s…

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Manafort’s Russia Meeting Notes Contain “No Damaging Information” About Don Jr.

September 8, 2017 Tyler Durden 0

A day ago, the New York Times dropped its latest embarrassing, but ultimately meaningless, leak from Senate investigators, who told the Grey Lady (under the cover of anonymity, of course) that Donald Trump Jr. had testified that he was trying to determ…

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US drone strike kills Al-Shabaab fighter in Somalia  

September 8, 2017 Middle East Monitor 0

A United States drone strike has killed one Al-Shabaab fighter in Somalia, the Washington Post has reported. The US drone strike was executed yesterday in Barowe Town, in the Shabelle region of southern Somalia. US AFRICOM confirmed that one Al-Shabaab fighter was killed without any civilian casualties. “No civilians were anywhere near the site,” Anthony Falvo of US Africa Command confirmed to the Associated Press. The drone strike comes off the back of Wednesday’s targeting of three Al-Shabaab fighters in Somalia’s Bay region. Read: US investigates civilian casualties in Somalia Since March, President Donald Trump introduced new legal rules that permit the US military and the central intelligence agency to launch strikes and raids without US congressional approval. The United […]

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Protests against UK arms sales to UAE at arms expo

September 8, 2017 Middle East Monitor 0

Campaign groups are teaming up tomorrow to protest against UK arms sales to the UAE in front of one of the largest arms expos in the world at the London ExCel Centre. Activists and campaigners from the International Campaign for Freedom in the UAE (ICFUAE) will be joining a host of other campaigning organisations such as the Campaign Against the Arms Trade (CAAT) at the Defence and Security Equipment International exhibition (DSEI) arms fair to protest against millions of dollars of arms trade with a regime, activists describe as being a notorious human rights violator. The week of campaigning, which began with a protest against Israeli arms sales, will see crowds of people calling on the UK government to end […]

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Retail Bloodbath After Target Announces Price Cuts On “Thousands Of Items”

September 8, 2017 Tyler Durden 0

Amazon may have the most razor thin margins in the entire retail world, but that doesn’t mean that its peers can’t catch up as the global race to the deflationary bottom enters its final stage.

Moments ago, that’s precisely what Target did when it announced on its blog that it has taken a “close look” at products most important to its customers to ensure they’re priced right daily, and has cut prices on “thousands of items.” The company also unveiled that it has “eliminated more than two-thirds of our price and offer call-outs so you can more easily spot the savings” and that it is not “ditching promotions.”

In short, Target just pre-preannounced that it will very shortly be guiding both margins and earnings much lower. The only question is whether Amazon will allow it to expand revenues by enough to offset the bottom line drop.

Judging by the market, the answer is no…

… and not only at Target, but the entire retail sector has been similarly crushed as Amazon takes another multi-billion chunk in market cap from of its comeptition.

Below is the full Target blog post that inspired today’s retail bloodbath:

Pssst… Here’s How to Save Big During Your Target Run (And There’s No Math Required!)    

 

If you love Target for incredible exclusive brands, super-chic collaborations and one-stop shopping for pretty much everything on your list, you’re going to really love this: We’ve lowered our prices on thousands of items, from cereal and paper towels to baby formula, razors, bath tissue and more.

 

Sure, there’s nothing like that victorious rush of nabbing a spectacular deal, but having to figure out what “As Advertised!” and “Temporary Price Cut” mean or waiting for just the right sale to roll around can be, well … super frustrating.

 

So, we’ve put our prices and promotions under the microscope. Our mission? To cut through the clutter and provide guests with great everyday value, while continuing to offer additional savings on the right products at the right times.

 

“We want our guests to feel a sense of satisfaction every time they shop at Target,” says Mark Tritton, Target executive vice president and chief merchandising officer. “Part of that is removing the guesswork to ensure they feel confident they’re getting a great, low price every day. We’ve spent months looking at our entire assortment, with a focus on offering the right price every day and simplifying our marketing to make great, low prices easy to spot, all while maintaining sales we know are meaningful to guests. And guests are taking note, appreciating much easier, more clear—and more consistent savings—at Target.”

 

Ready for a few tips for saving big every day at Target?

  • Fill your cart with confidence. Go ahead, choose from thousands of items, from milk and eggs to crayons, markers and more … and simply drop them in your cart. We’ve taken a close look at the products that are most important to our guests, making sure they’re priced right daily.
  • Watch for simple, easy messages. Say goodbye to all those little signs and ads letting you know about the “Weekly Wow!” or “Bonus Offer.” We’ve eliminated more than two-thirds of our price and offer call-outs so you can more easily spot the savings.
  • Delight in the right sales. Don’t worry—we’re not ditching promotions! We’re just making sure to offer only our best, most compelling sales—when it makes the most sense for our guests.

 

Here’s to even happier Target runs—and a break for your budget!

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Who will stop the Israeli settlements?

The Palestinian reaction to the decision of the Israeli defence minister to grant 800 settlers in the centre of Hebron independence from the municipality of Hebron was weak and did not match the action taken by the Israelis. The Ramallah government warned against the fierce settlement attack waged by the Israeli government, through which it seeks to end any chances to revive the political process and end any trace of the international efforts in this regard. Warnings no longer scare Israel and it will not stop settlement expansion. Furthermore, the content of the warning exposed the Ramallah government, showing that its concerns are limited to maintaining the peace process, far from the Palestinians’ angry reaction and the resistance of settlements. […]

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