Chriss W. Street

Latest News

German Diplomat Wounded During Al-Qaeda Offensive

Gunmen believed to be affiliated with al Qaeda in the Arabian Peninsula (AQAP) attempted to stop and kidnap two German diplomats in Sanaa, Yemen, Monday. The gunmen opened fire when the Germans’ car refused to stop, and one diplomat was shot in the leg, according to Reuters. Apr 28, 2014 6:17 PM PT

Pfizer Plans to Relocate to UK to Cut Tax Rate in Half

In a huge rejection of the United States's corporate income tax rate – the highest in the world – America’s second-largest drug company, Pfizer, Inc., just proposed a merger with Britain’s AstraZeneca that would move the company away from New York’s combined 42.1% corporate rate and into the United Kingdom’s 20% rate. Apr 28, 2014 2:39 PM PT

Almost 10% of American Families Had an Unemployed Member in 2013

Almost 10% of American families had at least one member of the family unemployed in 2013, according to the U.S. Bureau of Labor Statistics (BLS). Despite improvements in the U.S. economy, widespread effects of unemployment are still leading to declines in individual and family well-being. Apr 28, 2014 12:12 PM PT

Pro-American Abdullah Abdullah Leads in Afghanistan Elections

Pro-American former Afghan Foreign Minister Abdullah Abdullah won 44.9% of the vote in Afghanistan's April 5th presidential election and will face former Finance Minister Ashraf Ghani Ahmadzai, who received 31.5% of the vote, in a run-off expected to be held on May 29th, according to Afghanistan’s Tolo News. Apr 27, 2014 2:25 PM PT

Obama Heats Up Asia Trade War

The real purpose of President Obama’s trip to Asia was to fortify an economic and military alliance to counterbalance China's growing influence in the region. In the preceding weeks, China has shown its displeasure by backing Russia in the Ukraine and meeting with Russian Foreign Minister Sergei Lavrov to negotiate a deal to redirect natural gas from Europe to China. Apr 26, 2014 6:31 AM PT

Eurasia Group: Record U.S. Oil Inventory Threatens Collapse of OPEC

The United States Energy Information Administration (EIA) said American crude oil stockpiles rose 3.5 million barrels to 397.7 million barrels last week, the highest level since the 1930s. With the U.S. and Canada expected to grow production by another 2.4 MBD in the next two years, Ian Bremmer, President of Eurasia Group, says one of the “top risks” of 2014 is that oil prices could “crater” and OPEC could “fall apart.” Apr 25, 2014 5:43 PM PT

California Aqueduct to Saves Farms by Pumping Backwards

Kern County Water Agency intends to rescue hundreds of farms from the state’s severe drought this spring by reversing the flow of the California Aqueduct. Water districts in the San Joaquin Valley are proposing a drought tactic that’s never been tried: they want to reverse the state’s plumbing by running the California Aqueduct backwards. Apr 25, 2014 3:55 PM PT

Standard and Poor's Downgrades Russia's Credit Rating

Standard & Poor’s downgraded Russia’s credit rating to BBB-, just one notch above junk, and warned that the nation faced a further downgrade in the event of tighter financial sanctions by members of the North Atlantic Treaty Organization (NATO). To prevent a big drop in the exchange rate of their ruble currency, Russia’s central bank increased its benchmark interest rate to 7.5% in an effort to trim inflation. Apr 25, 2014 2:16 PM PT

New Unemployment Claims Fall to Eight-Year Low

Lee Adler of the Wall Street Examiner just reported that the advance number of “actual” initial unemployment in the United States fell to an eight-year low according to the newest Department of Labor announcement. Apr 24, 2014 11:58 AM PT

Alaska Energy Boom Starts Cranking Up

In a flurry of Alaskan oil deals, London-based BP announced a sale of interests to Houston-based Hilcorp in four North Slope oil fields and the use of the proceeds for a big growth of investments on the North Slope. The major reason for America’s energy crisis over the last two decades was the 72% decline of Alaska oil production. However, passage of Bill 21’s exploration and development tax cuts is igniting a new American energy boom. Apr 23, 2014 1:08 PM PT

Stockton Facing May 12th Trial to Invalidate Public Pension

With Franklin Tax-Free Income going to court on May 12th to invalidate the pension for making Stockton, California, insolvent, all unfunded public pensions in California may be at risk of being invalidated by the court. Apr 23, 2014 10:43 AM PT

No One Cares How Many Predictions Earth Day Founders Got Wrong

Over the last 44 years Earth Day has often been hijacked by political opportunists and faux scientists, but it is great fun to look back and see just how wrong the original Earth Day environmental experts were about the science and the future. Apr 22, 2014 6:52 PM PT

Fed Chair Janet Yellen Demands Japan End Quantitative Easing

Fed Chair Janet Yellen, after declaring the U.S. Federal Reserve is abandoning Quantitative Easing – code words for money printing – is now demanding the Bank of Japan (BOJ) also curtail its Quantitative Easing. Apr 22, 2014 11:22 AM PT

California Imitates France as Middle-Aged Move in with Parents

The Los Angeles Times ran an article Monday called “Moving in with Parents Becomes More Common for the Middle-aged " that seems to knock off a February story in the French magazine Le Monde called “Meet France's Boomerang Kids, Moving Back In With Parents At Middle Age.” Apr 21, 2014 9:36 PM PT


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