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Bloodbath in the Energy Markets!

 

Due to crashing oil prices, thousands of folks are losing their jobs.  Today a colleague of mine got laid off from an energy firm.  This energy engineer told me that the day before he got his pink slip his boss told him that he'd done an "outstanding" job during his tenure with the firm.  I thought, hmm..., is this a new HR strategy? Prop the employee up before the big letdown!  So, to try to cheer the poor guy up, I emailed him the song "Outstanding" by The Gap Band!

50,000+ Energy Job Losses in Past 3 Months

 

oil crash

A prolonged period of weak oil prices is expected to result in additional energy sector job losses, as the industry fails to overcome profitability concerns due to oversupply.

That’s the takeaway from a Wall Street Journal story that points to nearly 50,000 energy job losses in the past three months, according to Graves & Co., a Houston energy consultancy. 

Please read more here.

U.S. Lawmakers Vote to Let Obama Take Americans' Passports Without Trial

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by Alex Newman

In a radical attack on the due-process rights of Americans that received virtually no media attention, the Republican-controlled House of Representatives voted to give the Obama administration the unilateral power to strip you of your passport and right to travel without a trial or even criminal charges. The scheme does not even include a way to challenge your status as a non-person involuntarily trapped inside U.S. borders on orders from the secretary of state. Lawmakers, some of whom could themselves be caught in the dragnet along with myriad administration officials, praised the effort as a way to stop alleged terrorists from travelling. But critics said it was yet another attack on the fundamental rights of Americans, such as due-process protections, and that it must be resisted.

Please read more here.

Greece rocked by reports of secret plan to raid banks...

(The Guardian UK)  Some members of Greece’s leftist-led government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports that highlighted the chaos in the ruling Syriza party.

It is not clear how seriously the government considered the plans, attributed to former energy minister Panagiotis Lafazanis and ex-finance minister Yanis Varoufakis. Lafazanis was sacked from his post and Varoufakis resigned earlier this month. However, the revelations have been seized on by opposition parties who are demanding an explanation.

Please read more here.

Military Veteran to Obama: “Step Up or Step Down”

A U.S. Marine veteran unleashed his anger at President Barack Obama in a direct video message that quickly went viral.

The unnamed Marine, a resident of Chattanooga, Tennessee, first took Obama to task for his response to the deaths of five servicemen in a terrorist attack in the city.

Please read more here.

U.S.A. Wins Mathematics Olympiad For First Time In 21 Years!!!

Head coach Po-Shen Loh (far left) and assistant coaches John Berman and Alex Zhai (far right) flank the members of the winning squad: Shyam Narayanan, David Stoner, Michael Kural, Ryan Alweiss, Yang Liu and Allen Liu.

Head coach Po-Shen Loh (far left) and assistant coaches John Berman

and Alex Zhai (far right) flank the members of the winning squad:

Shyam Narayanan, David Stoner, Michael Kural, Ryan Alweiss,

Yang Liu and Allen Liu.

Courtesy of Po-Shen Loh

(NPR) In one of this year's most intense international competitions, the United States has come out as best in the world — and this time, we're not talking about soccer.

 

This week, the top-ranked math students from high schools around the country went head-to-head with competitors from more than 100 countries at the International Mathematical Olympiad in Chiang Mai, Thailand. And, for the first time in more than two decades, they won!

What a great achievement.  Kudos to these young mathematicians!

New Orleans Jazz Funeral: Riding to the Cemetery on a Coffin!

(New Orleans Advocate) For 132 years, Charbonnet-Labat-Glapion Funeral Home has made a name for itself in the Treme neighborhood by ensuring that families — even those who weren’t sure how they could pay for it — saw their loved ones buried in style.

On Monday, the family-owned institution laid to rest one of its own, sending off co-owner Armand Charbonnet with a church service and jazz funeral that resounded with the traditions his own career helped carry forward for generations....

Just one more reason I LOVE my hometown Nawlins!  LOL!

Trumpet Great Miles Davis (Tokyo, Japan)

After my hometown New Orleans of course, I think Tokyo has the best jazz clubs in the world!

Arigatou!

PEHub's Jobs of the week: Goldman Sachs, Pimco, HarbourVest and Bainbridge are hiring

 

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Some interesting jobs leads just in from the private equity newsletter PE HUB... 

Police: Woman Blames Obama For Counterfeiting Money

 

 

A woman reportedly told police she was counterfeiting money because she read online that President Barack Obama created a new law stating that people can start printing their own money...

“I don’t give a ****, all these other b****** get to print money, so I can too,” she reportedly told police when she was arrested.

Please read more about this hilarious story here. LOL!

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