US Oil Giants Report Big Losses, Prepare for Longer Downturn

Exxon Mobil and Chevron reported hefty losses in the latest quarter Friday as the weakened economic outlook because of the coronavirus pandemic pressures the industry to double down on cost cuts.”We’ve never seen a market demand crash so far so deep,” said Neil Chapman, Exxon Mobil senior vice president.While he noted early signs of recovery in motor fuel demand, a recovery in jet fuel is “likely to be much slower,” Chapman said, pointing to a dearth of international flights.Exxon Mobil reported a loss of $1.1 billion in the second quarter, the biggest since the Exxon-Mobil merger in 1999.Chevron lost $8.3 billion in the same period, as it slashed the value of assets on expectations that commodity prices would stay down longer.The figures incorporated a downgrade to the value of assets in Venezuela.Weak economic conditions could weigh on Chevron’s results “into the third quarter” because of “significantly reduced” demand for petroleum-based products, Chief Executive Mike Wirth warned.”Given the uncertainties associated with economic recovery, and ample oil and gas supplies, we made a downward revision to our commodity price outlook which resulted in asset impairments and other charges,” he said.FILE – A Chevron gas station sign is shown in Cardiff, California, Jan. 25, 2016.And Chevron’s chief financial officer, Pierre Breber, said on a conference call that the company was preparing for oil prices that are “lower for longer.”More deals ahead?The losses came on the heels of similar reports Thursday from Royal Dutch Shell, Total and Eni and underscored the depressed state of affairs globally for a sector tied closely to the real economy.Exxon Mobil’s revenues fell by more than 50% to $32.6 billion in the quarter, while Chevron’s revenues fell by almost two-thirds to $13.5 billion.FILE – A customer holds a gas pump handle at an Exxon station in Vancouver, Wash.Although oil prices have returned to around $40 a barrel, they were still significantly below the same period of 2019. That led to losses at both companies in exploration and production.  Weak demand also weighed on downstream operations, although Exxon Mobil’s international refining arm was profitable thanks to lower expenses and improved operations compared with the 2019 period.Chapman, in a conference call with analysts, said the company was reevaluating its oil price assumptions, but signaled it would rein in spending and not take on any more debt.The company in April slashed its capital spending plan to $23 billion from $33 billion.Chapman said the company would reduce its rig fleet in the Permian Basin in Texas in the second half of 2020. He also said the 2021 capital budget would be under $19 billion.However, he defended the dividend to investors of $0.87 a share as a major priority and said the view on energy demand in the longer term had not changed.In comparison, rival Royal Dutch Shell slashed its dividend in May. The Anglo-Dutch company has also pledged to be carbon-neutral by 2050.Deal-making often accelerates in the oil industry as stronger companies gobble up financially strapped competitors.Chevron earlier this month announced it would acquire U.S. shale producer Noble Energy for $5 billion, the biggest petroleum acquisition amid the downturn.

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China Considers Toughening Rules for Foreign English Teachers

China recently issued new draft rules aimed at toughening oversight of foreign teachers in the country, requiring them to undergo ideological training sessions and creating a new social credit rating system to monitor their conduct.Arrests and deportations of foreign teachers in China have soared since 2018 amid a broad crackdown on teachers without proper work visas and Beijing’s push for a more patriotic education system.Analysts told VOA this is partly due to the deterioration of U.S.-China relations and China’s relations with other English-speaking countries. Yet parents say they are still interested in having their children learn English.Draft regulationThe FILE – A Chinese teacher writes English words on a blackboard at a class in Shanghai, April 26, 2002.What about learning English?English teaching has a huge market in China. The China Science News reported that more than 300 million people in China are learning English. English classes, mandated by the Ministry of Education, cost nearly 164 billion RMB (about $24 billion) annually.Yet as China’s relationship with the U.S. and other major English-speaking countries worsens, some worry the situation will mirror what happened in the 1960s, when passion to learn Russian sharply decreased after ties between Beijing and Moscow deteriorated.Commentator Qin Weiping said there’s a possibility that English might be less important if China keeps its aggressive foreign policy and is further isolated by the U.S. and other major economies down the road.Professor Zhan Jiang disagreed, saying that the current situation was temporary.“Some kids can’t go abroad, and some international students can’t come back. There are lot of reasons — COVID-19, Sino-U.S. relations. But I think most Chinese students will still learn English as their second language. That trend won’t change,” he told VOA.Li Ping, parent of a Beijing student, told VOA that he still wanted his child to learn English well, so he has the opportunity to go to the U.S. for further education. He added that he thought China’s current foreign policy and international environment would change one day. “We must invest in education,” he said.

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Florida Teen Charged in Massive Twitter Hack, Bitcoin Theft

A Florida teen hacked the Twitter accounts of prominent politicians, celebrities and technology moguls to scam people around globe out of more than $100,000 in bitcoin, authorities said Friday. The 17-year-old boy was arrested earlier Friday in Tampa, where the Hillsborough State Attorney’s Office will prosecute the case. He faces 30 felony charges, according to a news release. The hacks led to bogus tweets being sent out July 15 from the accounts of Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. Celebrities Kanye West and his wife, Kim Kardashian West, were also hacked. FILE – American reality-show star Kim Kardashian West takes a selfie as she rides on a classic car next to her husband, rap singer Kanye West in Havana, Cuba, May 4, 2016.The tweets offered to send $2,000 for every $1,000 sent to an anonymous bitcoin address. Twitter previously said hackers used the phone to fool the social media company’s employees into giving them access. It said targeted “a small number of employees through a phone spear-phishing attack.”  “This attack relied on a significant and concerted attempt to mislead certain employees and exploit human vulnerabilities to gain access to our internal systems,” the company tweeted.  After stealing employee credentials and getting into Twitter’s systems, the hackers were able to target other employees who had access to account support tools, the company said. FILE – Dutch anti-Islam politician Geert Wilders answers questions during an interview with Reuters in the Hague, Netherlands.The hackers targeted 130 accounts. They managed to tweet from 45 accounts, access the direct message inboxes of 36, and download the Twitter data from seven. Dutch anti-Islam lawmaker Geert Wilders has said his inbox was among those accessed.  Spear-phishing is a more targeted version of phishing, an impersonation scam that uses email or other electronic communications to deceive recipients into handing over sensitive information.  Twitter said it would provide a more detailed report later “given the ongoing law enforcement investigation.”  The company has previously said the incident was a “coordinated social engineering attack” that targeted some of its employees with access to internal systems and tools. It didn’t provide any more information about how the attack was carried out, but the details released so far suggest the hackers started by using the old-fashioned method of talking their way past security.  British cybersecurity analyst Graham Cluley said his guess was that a targeted Twitter employee or contractor received a message by phone asking them to call a number. “When the worker called the number they might have been taken to a convincing (but fake) helpdesk operator, who was then able to use social engineering techniques to trick the intended victim into handing over their credentials,” Clulely wrote Friday on his blog.  It’s also possible the hackers pretended to call from the company’s legitimate help line by spoofing the number, he said.  
 

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Тиждень слави! 22-29 липня 2014 року. Антизрада. ЗСУ заслужили на згадку!

Тиждень слави! 22-29 липня 2014 року. Антизрада. ЗСУ заслужили на згадку!
 

 
 
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Интернет локаут путляндии произойдет в 2022 году

Интернет локаут путляндии произойдет в 2022 году.

Власти подлампичили закон о “суверенном интернете”, который вступит в силу в 2022 году, согласно которому из страны будет минимизирована передача данных, а внутренний трафик будет жестко подконтролен
 

 
 
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Лукашенко пошел ва-банк: пленные “вагнеровцы”, “лечение трактором” и “пощечина” пукину…

Лукашенко пошел ва-банк: пленные “вагнеровцы”, “лечение трактором” и “пощечина” пукину…

На “выборах” в Беларуси вырисовывается богатая сюжетная линия, не вполне понятной пока кривизны…
 

 
 
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Обида дегенерата кадырова из за санкций. Попытка путляндии украсть вакцину

Обида дегенерата кадырова из за санкций. Попытка путляндии украсть вакцину.

Хабаровск бастует, придурок дегтярев несет бред, якобы он упокоил граждан, хотя сам общается только с массовкой, а вот путляндия хочет создать первой вакцину и уверяет, что для этого есть все шансы, правда некоторые страны Европы и Америка обвиняют банду карлика пукина в том, что хакеры пытаются украсть их наработки в сфере вакцины. Цап-царап, как говорил чекист. Ну а наш дегенерат кадыров очень расстроен, что его родных внесли в санкционные списки
 

 
 
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Лукашенко врубил Вагнера обиженному карлику пукину, а тот засунул голову в песок

Лукашенко врубил Вагнера обиженному карлику пукину, а тот засунул голову в песок.

Лукашенко очень не хочет повторить судьбу януковича, поэтому будет создавать пукину неприятности до тех пор, пока не выторгует для себя более выгодную перспективу чем Ростов
 

 
 
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Trump Again Alleges Election Fraud from Mail-in Ballots

U.S. President Donald Trump alleged again Friday that the November election could be rigged because of mail-in votes.  “It’ll be fixed, it’ll be rigged,” Trump told reporters on the South Lawn of the White House before traveling to Tampa, Florida. Without providing any evidence, the president said Russia and China could forge U.S. paper ballots and said, “This is going to be the greatest election disaster in history.”  President Donald Trump speaks with reporters on the South Lawn of the White House, July 31, 2020.The comments come one day after Trump suggested delaying this year’s presidential election, alleging on Twitter that mailed ballots, which take longer to count, would make the 2020 presidential balloting the “most INACCURATE & FRAUDULENT Election in history.” The president added, “It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???” Trump told reporters at the White House later Thursday that he does not want to delay the vote but also does not want to wait “weeks, months or even years” for the results of the election because of problems he predicts will occur with mailed-in ballots. The president does not have the power to delay the election, which lies solely with Congress. Lawmakers, including both Republicans and Democrats, were quick Thursday to reject any suggestion that the election would be delayed.  Trump has criticized voting by mail since April. However, representatives for the National Association of Secretaries of State (NASS) and the National Association of State Election Directors (NASED) told VOA in July that if there is any evidence to support Trump’s claims of potential mail-in ballot fraud, the administration has yet to share it with them. Most states offer some form of mail-in voting, so-called absentee ballots, but because of the coronavirus pandemic, some states have moved to expand the use of mail-in ballots for the November election. Five states conduct all of their elections completely by mail: Colorado, Hawaii, Oregon, Washington and Utah. Steve Herman contributed to this report.
 

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Twitter Bans Account of Former KKK Leader David Duke

Twitter Inc said on Friday it has permanently suspended the account of David Duke, a former leader of the white supremacist group Ku Klux Klan, as the social media company tries to curb the spread of hateful content on its website.Duke’s account had been suspended for repeatedly violating Twitter’s policy on hateful content and harmful links, the micro-blogging site said.Under Twitter’s hateful conduct policy, any threats of attacks directed at people on the basis of their religion, race or ethnicity is prohibited on its website.Twitter has long been under pressure to clean up hateful content on its platform and has come under the scanner to control misinformation especially during the COVID-19 pandemic.The KKK is the oldest white supremacist group in the United States and its roots trace back to the Reconstruction period in the South that followed the Civil War.In addition to anti-Black views, the KKK has expressed anti-semitic, anti-immigrant and anti-gay views. 

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Botswana’s Capital Back in Lockdown After COVID-19 Cases Double

Botswana has put its capital, Gaborone, back into a two-week lockdown starting Friday, closing schools and restricting movements, after confirmed local COVID-19 transmissions doubled this week.Botswana’s health minister, Dr. Lemogang Kwape, said a return to lockdown was needed after the capital saw what he called a “worrying rise” in local cases of COVID-19.”I now regret to inform you that the situation has worsened in the last 24 hours,” he said. “Botswana has recorded 30 new positive cases of COVID-19, with the majority of the cases emanating from schools in the greater Gaborone.”Students walk near a school as classes are cancelled in response to a surge of new COVID-19 cases, in Gaborone, Botswana. (Mqondisi Dube/VOA)Authorities closed schools in Gaborone on Friday and, except for essential workers, resumed requiring temporary permits for anyone to move around.Schools elsewhere in Botswana remain open.Confirmed, local transmissions of the virus in Gaborone doubled in the last week, from 70 to 140, most of them recorded in schools. Kwape said contact tracing had become more complex.He said some transport operators were failing to keep a passenger register, as required by COVID-19 regulations.”During the course of this week the disease has taken an unexpected turn. This now requires that we place the greater Gaborone zone under lockdown for a minimum period of two weeks to enable us to contain the disease,” Kwape said.Soldiers and police monitor a roadblock in the capital, Gaborone, which is under a two-week lockdown, July 31, 2020. (Mqondisi Dube/VOA)This is the second time Botswana has returned the capital to lockdown after lifting the restrictions since the pandemic began.Botswana, with 804 recorded cases of COVID-19 and two deaths, has been relatively unscathed by the virus, compared to other African countries.Botswana’s neighbor, South Africa, is the worst-hit on the continent, with confirmed COVID-19 cases approaching half a million.The majority of Botswana’s confirmed cases were along the border – and most of them foreigners.

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Obama Takes Aim at Trump in Fiery Eulogy for Civil Rights Icon John Lewis

In a fiery eulogy for longtime U.S. Representative John Lewis on Thursday, former President Barack Obama took a series of thinly veiled shots at the actions of his successor that he said tore at the legacy of the Black civil rights icon being laid to rest.  
 
The funeral for Lewis, who played an instrumental role in passing the Voting Rights Act of 1965, came on the same day Republican President Donald Trump suggested the Nov. 3 election could be delayed. Trump has also waged a war against mail-in ballots, a tactic critics say is aimed at suppressing votes.
 
“We no longer have to guess the number of jelly beans in a jar in order to cast a ballot,” Obama said in the eulogy, referring to one way Black people were once disqualified at the ballot box.
 
“But even as we sit here, there are those in power doing their darnedest to discourage people from voting by closing polling locations and targeting minorities with restrictive ID laws and attacking our voting rights with surgical precision.”
 
Obama also referred to reported moves to undermine “the postal service in the run-up to an election that could be dependent on mail-in ballots so people don’t get sick.”
 
Obama, joined at the funeral by two fellow former presidents, Republican George W. Bush and Democrat Bill Clinton, spoke of Lewis’s rise from humble beginnings on a Troy, Alabama, farm to become a leader of the 1960s struggle for equal rights for Black Americans. Ultimately, the man known as the “conscience of Congress” never gave up his drive to make “good trouble” in the cause of justice, Obama said.
 
Obama and others spoke or sang in front of his casket draped in the American flag at the historic Ebenezer Baptist Church, where the Reverend Martin Luther King Jr. once preached. King, who was assassinated in 1968, had been a mentor to Lewis.
 
Lewis, who was first elected in 1986 to represent Georgia in the U.S. House of Representatives, died on July 17 at age 80 after a battle with pancreatic cancer. His death came at a time of reckoning across the United States over racial injustice ignited by the death of George Floyd in Minneapolis on May 25.  
 
Obama – a Democrat who was the nation’s first black president and who awarded Lewis the Presidential Medal of Freedom in 2011 – argued that the man whose sharecropping parents “picked someone else’s cotton” now should be counted among the Founding Fathers.
 
“America was built by John Lewis. He as much as anyone in our history brought our country closer to its highest ideals,” the Democratic former president said.
 
In his speech, Bush remembered joining Lewis in Selma, Alabama, for the 50th anniversary of the watershed 1965 march across the Edmund Pettus Bridge. “The story that began in Troy isn’t ending here today, nor is the work.”
 
The funeral capped a week of memorial services. Lewis’s coffin was escorted across the bridge on Sunday, decades after his beating there drew a national spotlight to the struggle for racial equality, including suppression of the Black vote in the South. And on Monday his casket was taken to the U.S. Capitol in Washington where it lay in state through Tuesday.
 
Eric Terrell, 65, of Atlanta, sat outside the church in his wheelchair, in the heat and thick air of an Atlanta summer morning, waiting to get a glimpse of former Presidents Clinton and Bush, but especially Obama. He was camped out before 6:30 a.m. so he could bow his head as Lewis’s funeral procession rolled by.
 
And he held his homemade sign until his arms got tired. It read, “Get your ass out and vote.” “He put his life on the line in Selma so we could vote,” said Terrell, who is Black. “So we better do it,” he said before joining the throng of onlookers outside the church watching the services on a Jumbotron.
 
In an essay written shortly before his death and published in the New York Times on Thursday, Lewis called on the younger generation to get into “good trouble,” using perhaps his most famous utterance about the importance of challenging inequality.
 
“In my life I have done all I can to demonstrate that the way of peace, the way of love and nonviolence is the more excellent way,” he wrote, before invoking a famous line from King: “Now it is your turn to let freedom ring.”

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Турецкая ловушка: обиженный карлик пукин выдохся и теряет последние силы

Турецкая ловушка: обиженный карлик пукин выдохся и теряет последние силы.

В общем, если Турция переходит на альтернативные российским нефть и газ, то ей нужно иметь возможность парировать любые угрозы со стороны путляндии и ее временных или постоянных сателлитов. Эрдоган принял мяч у Порошенка и показывает довольно неплохую игру. И не удивительно, что он получает критику за свое активное противодействие обиженному карлику пукину из тех самых источников, с которых выгребал и Порошенко. А это говорит о том, что Турция все делает правильно
 

 
 
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“Доходяга” пукина: “авианосец” «кузя» самоуничтожается даже без вмешательства врага

“Доходяга” пукина: “авианосец” «кузя» самоуничтожается даже без вмешательства врага.

Проще списать в утиль, чем продолжать его ремонт: ржавый пукинский так называемый авианосец “адмирал кузнецов” можно увидеть даже из космоса…
 

 
 
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Азербайджанский “тычок”: Эрдоган показал миру настоящее лицо обиженного карлика пукина

Азербайджанский “тычок”: Эрдоган показал миру настоящее лицо обиженного карлика пукина.

Турция – это страна, которая не боится путляндии и делает всё, что считает нужным, реализуя свои национальные интересы…
 

 
 
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