NAV

Sunday, April 12, 2015

Dividend doubts creep in after Shell’s £47bn swoop for BG Group

Dividend doubts creep in after Shell’s £47bn swoop for BG Group

Screen Shot 2015-04-08 at 08.12.04Article by Andrew Neil published 11 April 2015 byproactiveinvestors.co.uk

Dividend doubts creep in after Shell’s £47bn swoop for BG Group

“We think Shell’s acquisition of BG will likely be viewed as strategically smart and opportune, but should oil prices stay lower for longer, it could put pressure on UK dividends and be detrimental to UK pension investors.”

Shell’s swoop for BG Group (LON:BG.) failed to win over the Anglo-Dutch oil giant’s investors yesterday.
As BG soared, Shell shares (LON:RDSB) moved in the opposite direction and eventually posted their biggest fall since 2008.
At £47bn, the problem for boss Ben van Beurden is that some stakeholders fear he’s been too generous with his offer.
Shell’s dividend, which accounts for close to 10% of the total pay-out to UK equity investors, is also a particular concern.
“Shell has stuck its dividend reputation to the mast with this deal,”Investec oil and gas analyst Neill Morton told Proactive.



The TRUTH will set you FREE.

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Associated Press article published by Fox News 11 April 2015

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Screen Shot 2015-04-05 at 10.17.15

Screen Shot 2015-04-08 at 08.50.40

SEATTLE –  Greenpeace says six activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago.

The organization said in an email Saturday that rough seas prompted the decision. The protesters rappelled off the rig and got into inflatable boats before returning to a Greenpeace ship stationed nearby.
The six climbed the Polar Pioneer about 750 miles northwest of Hawaii on Monday. A heavy-lift vessel called the Blue Marlin is transporting the rig to Seattle for staging before possibly heading to the Arctic.
Royal Dutch Shell, which leased the rig, sued in U.S. District Court in Anchorage, Alaska, last week seeking a court order to remove the protesters. A judge heard arguments on Friday but declined to rule immediately.


The TRUTH will set you FREE.

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

Screen Shot 2015-04-12 at 14.30.55

Screen Shot 2015-04-12 at 14.33.58Article by CORAL DAVENPORT published APRIL 10, 2015 by The New York Times

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

WASHINGTON — The Obama administration is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP oil spill in the Gulf of Mexico, administration officials said Friday.
The announcement of the Interior Department regulation, which could be made as soon as Monday, is timed to coincide with the five-year anniversary of the disaster, which killed 11 men and sent millions of barrels of oil spewing into the gulf. The regulation is being introduced as the Obama administration is taking steps to open up vast new areas of federal waters off the southeast Atlantic Coast to drilling, a decision that has infuriated environmentalists.



The TRUTH will set you FREE.

City of Angels Criminalizes Sidewalk Vendors


City of Angels Criminalizes Sidewalk Vendors


LA Criminalizes Street Vendors
A recent study by the Economic Roundtable found that when sidewalk vendors in Los Angeles sell their wares close to brick-and-mortar businesses, area businesses experience increased revenues and employment opportunities.
Sidewalk vending is illegal in Los Angeles, though no visitor would guess from its bustling and dynamic commercial corridors. Astonishingly, sidewalk vending is a municipal code misdemeanor, punishable by up to six months in jail and $1,000 in fines.
Students in UCLA School of Law’s Criminal Defense Clinicrecently represented sidewalk vendors in the City’s municipal “traffic” court. Even when charged as infractions, vending violations result in hefty fines and fees. As detailed in the “Criminalizing the Sidewalk” report we issued this week, a $50 municipal court fine balloons to $306 with penalty assessments and court fees.
True, community service can be granted to accommodate vendors unable to pay, but the required hours are determined by dividing the total fines and fees by the minimum wage. A single sidewalk vending infraction for $306 would therefore require approximately 38 hours of community labor to “pay.” Those who do not comply suffer additional fines and fees, further deepening their criminal justice debt.
Such severe punishment is unmerited—especially since vendors respond as entrepreneurs to unmet needs in lower income South Los Angeles, San Fernando Valley and other “food desert” areas where residents are calamitously underserved by “big box” grocery and retail stores.
Such criminalization is also unmerited in light of decades-long efforts by generations of sidewalk vending Angelenos to gain status as law-abiding businesspeople.
LA Criminalizes Street Vendors
Students from UCLA School of Law’s Criminal Defense Clinic represent Rosa Calderon in her criminal trial for sidewalk vending at Los Angeles’ Metropolitan Courthouse.
In 1994, the City Council actually approved a framework to legalize vending in designated districts. The details languished until 1999, when the first and only district ever established was finally unveiled in MacArthur Park. Although MacArthur Park’s vending district is still on the books, the framework was never wholly implemented, its efficacy arguably compromised by a lack of ingenuity, political will and leadership from our city’s top policymakers.
Last year, our City Council again approved a legalization framework. As City Hall’s process unfolds, nearly 50,000 Angelinos continue to subsist and care for their families on sidewalk vending income. They anxiously await—and in some cases, demand—reform. The urgency is palpable; even as lawmakers explore the practical and technical issues surrounding regulation of their trade, 50,000 vendors continue working in fear of harsh prosecution.
Criminalization of sidewalk vendors must end. Whether through an exercise of the City Attorney’s prosecutorial discretion or a new legislative act of the City Council, a resolution is needed to stop the unjust treatment of some of the lowest-earning—yet hardest-working—Angelenos.
Like it or not, vendors are our neighbors, having shared the city’s sidewalks for decades. While vending opponents rightfully clamor to be heard in the democratic process, it is hard not to see opponents’ support of criminal prosecution as a silencing tactic, deployed against Angelenos whose voices have been marginalized by the political process for generations.
Sidewalk vendors eke out a living, accumulate assets, and—as we all do—hope to build that “better life.” This is the essence of the American Dream, and I am ashamed that in the City of Angels, we prosecute that.
Pui-Yee Yu

shared from

SUNDAY, 12 APRIL 2015

street vendor


City of Angels Criminalizes Sidewalk Vendors

Pui-Yee Yu: Even as lawmakers explore the practical and technical issues surrounding regulation of their trade, 50,000 vendors continue working in fear of harsh prosecution.


comcast


Say "No" to Supersizing Comcast

Tracy Rosenberg: No real competition means no real choice to keep prices in line. Post-merger, consumer bills are not going to increase less rapidly.

march madness


Let's Pay College Athletes

Walter Brasch: We need to get rid of restrictive NCAA rules and pay these athletes. Not just scholarships and room-and-board, but, an actual salary. With benefits. Maybe disability insurance and a retirement plan.
sand pebbles


Understanding America’s Many Wars

Murray Polner: In retrospect, a fearful and angry nation had gone mad. Blacklists, jail terms, a few, but very few, Soviet spies (we had our spies too in Russia), and a shamefully conformist mass media helped scare and silence potential critics.
steven foster


Steven Fraser’s The Age of Acquiescence:
A Celebration and Commentary

Gene Rothman: Perhaps the most problematic and explosive issue facing the Democrats is where the issues of race and class intersect.


The TRUTH will set you FREE.

Saturday, April 11, 2015

BG acquisition offers Shell opportunity for major strategy change

BG acquisition offers Shell opportunity for major strategy change

Screen Shot 2015-04-08 at 15.26.21
Screen Shot 2015-04-08 at 08.12.04By Paddy Briggs
As a Shell “lifer” – more than forty years if you include my time as a Director of the Pension  Fund – I cannot recall a bigger strategic shift than the acquisition of BG. It offers the Corporation a unique opportunity to do what Tom Peters called “stick to its knitting” – to concentrate on what it’s really good at.
BG is an “Upstream” company. It only does exploration and production of oil and gas. And that is what Royal Dutch Shell (RDS) is good at too. To the man or woman in the street it is the Shell emblem standing over a Shell petrol station for which it is best known. But over the years this part of the business – never, in truth, that important to the heavies at the top – has declined in importance. The “Downstream” – the refining and marketing of oil, gas and chemicals – is pretty much cast adrift from the Upstream. The engineers, geologists and accountants in the highest echelons of Shell never really understood it anyway! There are no longer any economies of scale from being involved in oil from wellhead to petrol pump, if there ever were. 



The TRUTH will set you FREE.

SHELL CIRCUMVENTED RA 7641

SYNDICATED ESTAFA


MY QUEST FOR SWINDLED 

RETIREMENT PAY BY SHELL



SWINDLING ITO, SYNDICATED ESTAFA


HOT PURSUIT
DUTY OF LAW ENFORCEMENT ENTITIES


SHELL SWINDLING OF RETIREMENT PAY 5TH YEAR

1001counts
SEE BELOW FOR THE 1001ST   TIME THE REITERATION OF DEMAND PAYMENT OF RETIREMENT PAY WHICH SHELL REFUSED TO HONOR IN THE PRESENCE AND DEEMED APPROVAL OF THE HONORABLE MAGISTRATES OF THE SUPREME COURT OF THE PHILIPPINES


Dishonest scales are an abomination to the Lord, but a just weight is His delight... Proverbs Chapter 11  v. 1
Retirement Pay Law circumvented by Shell subject to penal provision provided for by Article 288 of the Labor Code of the Philippines.





CONTENTS

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