Share to Twitter Share to Linkedin Reports have been circulating that OPEC (or OPEC+) is considering a 1 mb/d reduction in production quotas at its meeting on Wednesday, which resulted in a quick $5/barrel surge in oil prices, not devastating but significant. For most of the members, the issue is moot: outside the Gulf production is already below quotas because of a technical inability to meet them. Low investment levels and lack of maintenance, partly due to the pandemic, have reduced Angola and Nigeria 1.2 mb/d below their quotas already. It is unlikely that the group will simply point to that and declare ‘Mission Accomplished.’ Yet the range of possible oil market balances is probably wider than even the dark days of the 2008 financial crisis, as the combination of possible recession, efforts to curtail Russian oil exports—so far minimally successful—and worries about more Chinese covid lockdowns all cloud the picture. Add to that the possibility that Iranian … [Read more...] about What’s OPEC+’s Next Move?
Homelessness reduction act 2018 summary
Share to Twitter Share to Linkedin January 1 st , 2026 may not be on your radar. But if you are married, wealthy, and own appreciable assets like a growing business, a real estate portfolio, or investments that could be worth tens of millions or more before you die, it should be. Why? Because once 2026 arrives, many of the tax adjustments that were part of the 2017 Tax Cuts and Jobs Act (TCJA) are expected to expire. For wealthy couples, the most impactful change could be a significant reduction in the estate tax exemption, which in 2022 currently stands at $12.06 million per person (or $24.12 million per couple). Based on current law, these higher exemption amounts will revert to the 2010 level of $5 million, adjusted for inflation, or roughly $6.4 million ($12.8 million per couple) in 2026 - about half of what it is today – with a federal tax rate on estates over these exemption amounts of 40%, plus state death taxes if you reside in a state that has one. … [Read more...] about Is 2026 An Important Year For Your Wealth?
In the 1970s and 80s, there was a ‘Gulf wave’ that swept across Kerala. Thousands of youngsters wanted to migrate to the Gulf countries, hoping to make it big. The idea of a big job was getting one in Dubai or some other Gulf country. Among them, there were many with big entrepreneurial ambitions. There were stories of both success and failure. Ramachandran , who hailed from a sleepy village of Thrissur in Kerala, was one of them. On October 1, he died in a Dubai hospital following a heart attack. He was 80. Though he gained wealth and popularity in later years through his gold jewellery business in the Middle East, that’s not where he started his professional career. A banker touches gold Close His first job in the Middle East was that of a banker in 1974 at the Commercial Bank of Kuwait as International Divisions Manager, with the responsibility of the bank’s operations in London and New York. That was a few years of working in India across different … [Read more...] about Of dreams, movies, gold and dust: The rise and fall of ‘Atlas’ Ramachandran
Share to Twitter Share to Linkedin “Climate change is the biggest challenge of our generation,” stated Daniel Weissland, the President of Audi of America, in an interview for a recent episode of the Kugler Maag Curious podcast . “It’s our responsibility to save our planet and provide a safe future for our kids and grandchildren.” The criticality of this issue has been highlighted by multiple natural disasters in the past few weeks ranging from mass flooding in Puerto Rico and Pakistan, record fires in Brazil (which have already surpassed 2021’s total and, not shockingly, is 75% higher than a decade ago) and a prediction by the National Oceanic Atmospheric Administration (NOAA) that the upcoming 2022 hurricane season will be above-normal with 14-20 named storms with the obvious inclusion of Hurricane Ian. And so many individuals — who are powerless to control politicians and regulations — vote with their wallet, e.g., buy stock in automotive companies … [Read more...] about Investors And Buyers: Very Confusing Sustainability Choices In The Auto Industry
- A + A KUALA LUMPUR (Oct 4): Hibiscus Petroleum Bhd, which had previously questioned the imposition of state sales tax (SST) on its two units operating in Sabah, has proceeded to pay the tax amounting to RM85.7 million. The SST was imposed on revenues from petroleum products sold by SEA Hibiscus Sdn Bhd under the North Sabah production sharing contract (PSC) and Hibiscus Oil & Gas Malaysia Ltd (previously known as Repsol Oil & Gas Malaysia Ltd) under the 2012 Kinabalu Oil PSC. "In order to create a stable environment for continuing investment and smooth operations in Sabah, SEA Hibiscus and Hibiscus Oil & Gas on Sept 21 proposed, without prejudice to their respective rights as applicable, to pay the claims imposed The Sabah government accepted the proposal on Sept 27, the group added in a Bursa Malaysia filing on Tuesday (Oct 4). "The group has made the appropriate accruals for all liabilities related to this matter in [financial year 2022] amounting … [Read more...] about Hibiscus pays RM85.7 mil sales tax to Sabah govt
Share to Twitter Share to Linkedin Many people are disappointed they don’t have or ride in a self-driving car yet, expecting it sooner. In part-one of this two part series (with videos) some of the key issues standing in the way were explored. Here in part two, some other issues, many of which are logistic and social, are laid out. Road Citizenship Making vehicles safe, and proving it, is one thing. Another important skill might be called “road citizenship,” namely being a productive driver on the road, not getting in other people’s way, not impeding traffic, not acting unpredictably. In the early days, all robocars tend to be programmed to drive conservatively in order to stay safe. There is almost a dial you can turn between being conservative and safer and being assertive and not slowing traffic. The natural instinct is to turn that dial to “conservative” when you begin, but it can’t stay there forever. You might make a very safe car but it … [Read more...] about Why Don’t You Have A Self-Driving Car Yet? Part Two Outlines Some Social Problems
Share to Twitter Share to Linkedin I think we can all agree that change is not easy. There can be so many factors that contribute to the habits and routines that we have set up in our lives that often those habits become an automatic part of how we live and who we are. Rarely do we even think about questioning them. The Stages of Change Model (formally known as the Transtheoretical Model of Change) introduced by Prochaska, Norcross and DiClemente has opened the door towards understanding the psychology of behavior change from the perspective of biological, psychological and societal factors. This model has demonstrated that change progresses through 5 distinct stages before it’s made permanent. Understanding these stages of change and how they relate to our financial life can provide us with an awareness of what stage we might be in for a given financial goal, allow us to give ourselves credit where it’s due, and help us identify strategies that we can … [Read more...] about How Understanding The Stages Of Change Can Help You Transform Your Financial Life
Atlas Ramachandran, Non-resident Indian businessman and filmmaker, passed away on Sunday at the age of 80 in Dubai. According to media reports, Ramachandran died in the late hours of Sunday at Dubai's Aster Hospital due to a heart attack after battling age-related illnesses. Ramachandran was admitted to the hospital in Mankhool on Saturday after complaining of chest pain. According to the reports, he had been unwell for some time due to age-related issues. Wife Indira Ramachandran and daughter Manju Ramachandran were at his bedside in his final moments. Ramachandran, the founder of the now-defunct Atlas Jewellery, had been a long-time expat in the UAE, celebrating his 80th birthday at his Bur Dubai residence in August this year. Close Ramachandran was an ardent lover of Cinema. Besides being a producer of well-known Malayalam movies Vaishali, Vasthuhara, Dhanam and Sukrutham, Ramachandran also acted in 13 movies and directed one including. Movies, which he … [Read more...] about Atlas Ramachandran, well-known Kerala businessman and filmmaker, dies in Dubai at 80
Atlas Ramachandran Though not very close, I’ve had the joy of being acquainted with Atlas Ramachandran, who died at the age of 80 due to age-related ailments, at several functions. Like me, he was also from Thrissur district in Kerala. I’ve always noticed him with much respect and awe as an entrepreneur for his optimistic attitude and perseverance on the face of difficulties. After completing B.Com he started his career as a bank employee and worked in a number of banks in India. Later on, he moved to Kuwait to work for a bank there. It was at a time when he got promotion and was well settled in his banking career that he decided to take the risk of starting a venture of his own in the jewellery business. He successfully started a chain of jewellery outlets in Kuwait. It was at that time Saddam Hussain attacked Kuwait. Ramachandran experienced a huge loss and was forced to move to Dubai. Close However, he didn’t lose heart at that. He started a jewellery … [Read more...] about V-Guard’s Kochouseph Chittilappilly remembers ‘Atlas’ Ramachandran, a man who never easily gave up
Share to Twitter Share to Linkedin T he Federal Aviation Authority (FAA) is announcing that flight attendants will soon get an extra hour of rest time between long workdays. Between shifts of up to 14 hours, flight attendants will now get a minimum mandated break of 10 hours instead of nine hours. “President Biden delivered today,” says Sara Nelson, president of the Association of Flight Attendants-CWA, the country’s largest labor union of its kind, noting that this change was actually approved by Congress in 2018 after “an overwhelming bipartisan vote to equalize minimum rest with commercial airline pilots.” MORE FROM FORBES Here's How Much Money Flight Attendants Make In Every State In 2022 By Andrew DePietro But the change was never finalized. “The Trump administration put our rest on a regulatory road to kill it,” Nelson says. “President Biden promised to make this a top priority to correct this and today under the leadership of … [Read more...] about ‘President Biden Delivered’: Flight Attendants Get An Extra Hour Of Rest Between Long Workdays