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Egypt to increase petrol prices by up
to 78% as government cuts subsidies

Reuters, by Staff

Original Article

Posted By:LittleHoodedMonk, 7/4/2014 11:01:05 PM

Egypt will start raising petrol prices by up to 78% from midnight on Friday, an oil ministry source told Reuters, as it tries to cut energy subsidies to ease the burden on its swelling budget deficit. "The increase will start being implemented by midnight," the source said. Food and energy subsidies traditionally eat up a quarter of state spending and the government is taking steps to reform its subsidy programme and revive an economy that has been battered by more than three years of political turmoil. The source said the price of 92-octane petrol would be 2.60 Egyptian pounds (21p) a litre, up 40% from its current price of 1.85 pounds,

Comments:
We are looking at our future, maybe for different reasons. Egypt relies on tourism and we on oil to grease our economy. Without the big bucks to invest in other technology, our economy continues to sink deeper into the unspoken recession we are in. 0bama can lie about the tainted economic numbers because it´s his sycophants making them up like they have in previous election cycles. Green energy will be a death knell to any country who seriously wants to destroy itself from the inside out.

      


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Most Recent Articles posted by "LittleHoodedMonk"



Egypt to increase petrol prices by up
to 78% as government cuts subsidies
Reuters, by Staff    Original Article
Posted By: LittleHoodedMonk- 7/4/2014 11:01:05 PM     Post Reply
Egypt will start raising petrol prices by up to 78% from midnight on Friday, an oil ministry source told Reuters, as it tries to cut energy subsidies to ease the burden on its swelling budget deficit. "The increase will start being implemented by midnight," the source said. Food and energy subsidies traditionally eat up a quarter of state spending and the government is taking steps to reform its subsidy programme and revive an economy that has been battered by more than three years of political turmoil. The source said the price of 92-octane petrol would be 2.60 Egyptian pounds (21p) a litre, up 40% from its current price of 1.85 pounds,

   

 

R-G6-LC
  


 
Father of Nicole Brown Simpson Dies
NBC News, by Phil Helsel    Original Article
Posted By: LittleHoodedMonk- 7/4/2014 10:52:58 PM     Post Reply
The father of Nicole Brown Simpson died Thursday after battling a lengthy illness, his family announced Friday. Louis Brown Jr., 90, whose ex-son-in-law O.J. Simpson was accused of murdering Nicole Brown Simpson in 1994, died with his family at his side, a family spokeswoman said in a statement. O.J. Simpson, 66, currently in prison on a 2008 robbery conviction, was acquitted of his wife’s murder in 1995 after a closely-followed trial. Louis Brown would go on to form the Nicole Brown Charitable Foundation after his daughter’s death, which is an organization that helps victims of domestic violence.

What did $7 billion spent
on opium eradication in
Afghanistan buy? More opium.
Christian Science Monitor, by Dan Murphy    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 9:29:21 PM     Post Reply
With the outcome of Afghanistan´s controversial presidential election still in doubt, and uncertainty over Afghan forces´ ability to stand against the Taliban after most US forces withdraw, it´s hard to say with certainty what the US-led war there has accomplished, or failed to accomplish. But one thing is clear, as shown by latest quarterly report from the US Special Inspector General on Afghanistan Reconstruction: The $7 billion US program to eradicate poppy cultivation there over the past decade has been a flop. The country is today the world´s largest supplier of opium, the purified latex sap from the Papaver somniferum poppy species

VA fix could cost billions
Washington Times, by Jacqueline Klimas    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 9:12:36 PM     Post Reply
The VA’s data on patient wait times is so bad that Congress’s official scorekeeper can’t even calculate the costs for fixing the agency, and that has become a major hurdle as lawmakers push for a quick fix on Capitol Hill. The House and Senate each have passed bills to try to get a handle on the wait times and other problems afflicting care at VA clinics, but when negotiators from each chamber met last month to try to hammer out a compromise, they ran into problems over the cost. Sen. Richard Burr, North Carolina Republican, said they couldn’t even begin to debate what’s in the bill because the cost estimate produced by the

Republicans Turn to Lazard
Banker to Topple Al Franken
Bloomberg News, by Craig Giammona & Kathleen Hunter    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 8:56:05 PM     Post Reply
Investment banker Mike McFadden wants to trade a career at Lazard Ltd. for one in politics and is making his finance background a chief argument for unseating U.S. Senator Al Franken in Minnesota. (Snip) “Senator Franken and the Democrats have no idea what I do,” McFadden said in an interview when asked whether his 20-year career in investment banking could be turned into a political liability. “They don’t have a clue, just like they don’t have any idea how to run this economy.” Republicans need a net gain of six seats in November’s election to take control of the Senate. Franken’s seat has been viewed as safe for Democrats --

Pentagon draws red line on Iraqi attack
Washington Times, by Maggie Ybarra & Guy Taylor    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 8:41:22 PM     Post Reply
The Pentagon came as close as it has to date on Thursday to identifying a red line that would need to be crossed for the Obama administration to justify an aggressive U.S. military attack on the al Qaeda-inspired extremists who have declared a new Islamic state spanning the border between Syria and Iraq. The Defense Department’s top uniformed official said the Islamic State of Iraq and the Levant, which has seized vast territory over the past month, would have to become a serious threat to the U.S. homeland before the administration alters its existing strategy of collecting intelligence and advising the Iraqi military.

   

 

R-TA-Wide
  


 
Iraqi forces need help to regain territory,
says US military chief Martin Dempsey
Agence France-Presse, by Staff    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 8:31:54 PM     Post Reply
The US military’s top officer says Iraqi forces have shored up their defences against Sunni militants but would be hard-pressed to regain territory without outside help. General Martin Dempsey, chairman of the US Joint Chiefs of Staff, said American advisers were still evaluating the state of the Iraqi army, and he suggested US military action was not imminent. General Dempsey told a news conference that Iraqi forces were not yet in a position to stage a major counteroffensive after being driven back by Sunni extremists in recent weeks. US military advisers in the capital found that Iraqi security forces are “stiffening,

Blast in Egypt train as
police crush pro-Morsi protests
Agence France-Presse, by Jay Deshmukh    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 8:21:57 PM     Post Reply
Cairo - Two people were killed in clashes, and a bomb blast in a train wounded nine, security officials said, as police quashed protests marking the anniversary Thursday of Egyptian president Mohamed Morsi´s ouster. The violence came as the pro-Morsi Muslim Brotherhood-led Anti-Coup Alliance issued an aggressive rallying cry demanding a "day of anger" to mark the occasion. Nine people were wounded when a bomb hidden in a briefcase near a passenger seat exploded inside a train compartment in the Mediterranean city of Alexandria late Thursday, security officials and state media said.

Lawsuit Contests New York’s
Teacher Tenure Laws
New York Times, by Al Baker    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 8:08:48 PM     Post Reply
An education advocacy group on Thursday threw down the first challenge to New York’s teacher tenure laws in the wake of a landmark court decision in California last month finding such laws there unconstitutional. A lawsuit filed in State Supreme Court on Staten Island argues that the tenure laws violate the State Constitution’s guarantee of a “sound basic education” by making it difficult to fire bad teachers and by protecting the most veteran teachers in the event of layoffs, regardless of their quality. The suit, filed against city and state education officials, names as plaintiffs 11 public school students whose parents belong to a

ICE Removes ´Alien´ from Term
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Breitbart Big Government, by Caroline May    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 7:55:05 PM     Post Reply
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US declines to meet Iran ‘half way’ in
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Jerusalem Post [Israel], by Michael Wilner    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 7:44:37 PM     Post Reply
Washington - Fewer than three weeks remain for the world’s most weathered diplomats to forge a comprehensive deal with Tehran over its nuclear program, a fact on the minds of all present in Vienna on Thursday, as high-level negotiations resumed. Delegations from the United States, United Kingdom, France, Russia, China and Germany – formally known as the P5+1 powers – arrived in Vienna at the beginning of July and will effectively set up camp in the Austrian capital until July 20, a self-imposed deadline for the parties to reach a deal, extend the talks, or go home. (Snip) And the congressional midterm elections in the US, with control

   

 



 
College wins U.S. top court temporary
exemption on Obamacare birth control
Reuters, by Lawrence Hurley    Original Article
Posted By: LittleHoodedMonk- 7/3/2014 7:28:53 PM     Post Reply
Washington - The U.S. Supreme Court gave a Christian college in Illinois a temporary exemption from birth control coverage required by President Barack Obama´s health reform law, days after ruling that for-profit employers can opt out for religious reasons. The court said on Thursday in a split 6-3 decision by the justices that Wheaton College, which has objected on religious grounds, did not have to comply with the government compromise process for nonprofit groups with religious affiliations while litigation continues, an unsigned order showed. On Monday, the court said on a 5-4 vote that closely held for-profit corporations



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