New Southern Sudan to be...

After over 5 decades of terror and violations of human rights, are you in support of the new Southern Sudan?

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Oil Barrel Organisation predicts a $20 Drop in months

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Nazir Jinnah of Oil barrel Organisation is calling for a near $20 fall in the price of Brent crude oil in the coming months, saying speculators have pushed prices ahead of fundamentals. It was the second warning of a steep market reversal from the long-term commodity bull in as many days, after it recommended clients close a trade on Monday heavily weighted toward U.S. crude futures. Oil prices have shed almost $6 a barrel since Monday's open. Oil Barrel Organisation Traders and analysts said the bank can have an out-sized influence on commodities, given the insight and reach of its global trading arm Oil Barrel Ltd and history of being one of the first banks to predict $100 oil last decade. Nazir Jinnah, Group Chief Executive Officer said the recent run-up in prices, which has seen Brent rally by as much as 33 percent since the start of the year, was looking overdone. "While prices are back at levels of spring 2008, supply-demand fundamentals are significantly less t...
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Equifax May Be Happy to Spend $1 Per Customer for Their Trouble

September 20, 2017 Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security breach, legal experts say there’s room for a deal because neither side has a slam-dunk case. A global settlement of about $200 million is plausible, said Nathan Taylor, a cybersecurity lawyer with Morrison Foerster LLP in Washington. That’s a projection based on the $115 million Anthem Inc. agreed to pay in June — setting a U.S. record — to resolve claims that it didn’t protect a smaller number of people from a 2015 criminal hack that stole similarly sensitive information, Taylor said. With lawyers collecting as much as a third of any payout, the company may end up spending an average of less than $1 per person for credit monitoring and out-of-pocket expenses for 143 million Equifax consumers whose data was comprom...
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