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Yearly Archives: 2016

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On November 27, 2015, staff at the Planned Parenthood clinic in Colorado Springs, Colorado were forced to take cover after gunfire erupted outside their building. Over the course of the attack, a dozen people were shot. Three of the victims died, including one police officer and two civilians. What kind of person could open fire on pregnant women, doctors, and police officers? A man with an exceptionally checkered past: 57-year-old Robert Lewis Dear. According to reports from The Daily Beast, Dear had many previous run-ins with police, including accusations of domestic abuse, stalking, leering, and animal cruelty. In 2002, Dear was arrested on “peeping tom” charges. His neighbor, Lynn Roberts, “noticed Mr. Dear in the bushes by their house.” The police report reads: “Since March 2002, he has been leering at Ms. Roberts on a regular basis.” In 2003, he was arrested for animal cruelty, suspected of shooting his neighbor’s service dog. The police report for that incident reads: “His dog was walking down the driveway when a shot was fired from  residence next to his and  dog yelped out and ran over to him.” The dog had been shot with a BB gun, but luckily survived. Dear wasn’t convicted on either charge. Previous to those arrests, police responded to a domestic dispute between Dear and his wife, Pam. According to the police report, Dear “took her keys from her and locked her out of their residence.” “The victim then walked around the residence to gain entry through a window,” it continues. “The victim entered the residence and the suspect then hit her and pushed her out the window.” Mrs. Dear didn’t file any charges against her husband or take advantage of Colorado’s domestic violence laws. She did, however, indicate that she “wanted something on record of this incident occurring.” The report also notes that she had bruises on her body. Mrs. Dear told police she got the bruises when Mr. Dear pushed her in the chest. In 2004, another complaint was lodged against Dear, this time by his neighbor. The police report says Dear “told him that he was going to do bodily harm to him because the suspect thought the victim pushed his motorcycle over on the ground.” This was the same neighbor whose dog was found shot near Dear’s house. The report also notes:  “This is  ongoing problem between the victim and the suspect.” Ozy Licano, who survived the shooting at the Colorado Spring Planned Parenthood center, described a terrifying moment when he encountered Dear as he was fleeing from the scene in his car. “He came out, and we looked each other in the eye, and he started aiming, and then he started shooting,” Licano told the Associated Press. “I saw two holes go right through my windshield as I was trying to quickly back up and he just kept shooting and I started bleeding. He was aiming for my head. It’s just weird to stare in the face of someone like that. And he didn’t win.”

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Malaysian PM Najib Razak has been cleared of corruption in a long-running financial scandal that has gripped the country. According to the attorney-general's office, the...
health

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Health is an extremely important part of life. Everyone needs to ensure that they take care of themselves. Healthy people will live a lot...

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Chinese shares saw steep losses in late trade on January 26 as investors worried about oil prices, and despite an injection of liquidity into...

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Denmark’s lawmakers will vote on January 26 on a highly controversial proposal to confiscate asylum seekers' valuables to pay for their upkeep. The proposal drew...

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The Revenant has topped the US box office in a weekend affected by the East Coast snowstorm. The Oscar nominated movie, starring Leonardo DiCaprio, is...

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McDonald's has reported better than expected sales in Q4 of 2015, boosted by the launch of all-day breakfasts in the US. The fast food giant...

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The World Health Organization (WHO) has warned that Zika virus is likely to spread across nearly all of the Americas. The Zika virus, which causes...

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Oil prices fell again on January 25, eroding last week's gains, as OPEC called for co-operation from oil-producing nations outside the cartel. Brent crude fell...

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According to preliminary figures published by Russia's statistics service, the country’s economy contracted by 3.7% in 2015. Retail sales plunged by 10% and capital investment...

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Avatar 2’s release date is being delayed and it could be because of Star Wars. The follow-up to the 2009 blockbuster was supposed to be...

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Adidas has announced it is to terminate the IAAF -the International Association of Athletics Federations - sponsorship deal four years early. The sportswear giant is...

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Japan stock market has traded higher, despite the latest trade figures showing exports falling for a third straight month. Its exports fell by 8% in...
trade-oil

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Investors might find it somewhat difficult to decide on where to put their money this year because the headlines coming from investment circles are mostly depressing. The weakness in Chinese economy is weighing down much of Asia and American manufacturers are starting to feel the pinch. Geopolitical tensions in the Middle East remain unresolved and oil prices are in troubled waters. Economic data in the U.S. is mixed and the fact that 2016 is an election year doesn’t provide much of an economic direction. It is already obvious that 2016 will be very volatile year in the global economic scene. The move by the U.S. Federal Reserve to raise interest rates at the end of 2015 was the harbinger of things to come. Economic  events in the first three weeks of 2016 has shown that 2016 will be characterized by a rollercoaster of exciting highs and depressing lows in the global economy. This piece seeks to explore the outlook in stocks, precious metals, and global oil prices so that investors might pitch their tents on the winning side. Stocks are swimming in wild swings If you have investments in the equities market, you'll have already seen the handwriting on the wall that stocks will be volatile this year. On Wednesday, all the major U.S. market indices were down. For instance, the S&P 500 was down by a significant 1.56%, the Dow Jones Industrial Average was down 1.17%, and the NASDAQ Composite was down 0.12%. More so, all the major market sectors (except healthcare) were down in yesterday's session, with the energy sector taking the biggest hit with a 3.14% decline. The global equities scene was also not impressive. In Asia, stocks are suffering in China as the Shanghai index dropped 3.23%. The situation was not different in Japan as Nikkei 225 had a 2.43% decline while Hong Kong's Hang Seng Index was down 1.82%. The situation also appears to be worse in Europe as Euro STOXX 50 was down 0.19% and France's CAC 40 was down 0.16%. It is well known saying in the equities market that as "January goes, goes the year"; hence, stock investors will not be surprised if they make massive gains in a session and then lose everything in the next session. The outlook for oil is uncertain Crude oil has been facing significant headwinds since last year and it seems that the situation has taken a turn for the worse this year. Oil futures have dropped to the lowest price since September 2003 this week, as a glut in the supply of oil and drop in demand (especially from China) has caused the price to fall lower. On Thursday, Benchmark Brent was down 3.2%o $27.10 per barrel. The West Texas Intermediate (WTI) crude futures were down an incredulous 6.7% to $26.55 per barrel. The decline marks the largest monthly fall since May 2003. Hans van Cleef, senior energy economist at ABN Amro in Amsterdam notes that "There are worries surrounding demand and oversupply". Dominick Chirichella, oil analyst at the New York-based Energy Management Institute also notes that “no matter how one looks at the fundamental data every angle points toward lower prices as supply is continuing to outstrip demand.” However, the uncertainties in oil prices provide smart traders with an opportunity to benefit from trading oil futures. If you know how to trade oil, you'll find the current weakness in oil prices as a good opportunity to make consistent gains from the economic dynamics of oil. It is obvious that oil prices are searching for a bottom and you can make gains when you sell. When the geopolitical tensions in the Middle East are resolved, you can expect oil prices to recover and then you'll buy oil futures. The safe-haven status of gold might be back The weakness in the global equities market as discussed earlier is already causing investors to think twice about investing in stocks and they are running into the inherent stability of gold. Gold is considered a safe-haven asset because it tends to keep its value over time, because it is a good hedge against inflation and because it tends to outperform fiat currencies. The reigniting of the safe haven status of gold suggests that 2016 might be the year of precious metal investors. A Bloomberg data analysis shows that in the five days to January 14, investors have bought 26.8 metric tons of gold through ETFs that are physically backed by the bullion. Gold prices per ounce have climbed more than 4% since the market opened this year in sharp contrast to the decline in equities. Citigroup analysts in their 2016 commodities outlook note, "gold's safe haven rationale is back in vogue". They also mentioned that "geopolitical issues typically tend to be short-lived in terms of lending support to gold prices; we expect ongoing global macro concerns to lend support this quarter, aided by a modestly more benign U.S. dollar outlook."

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Israel’s ex-President Shimon Peres has been taken to hospital after suffering chest pains, 10 days after he had a small heart attack. Shimon Peres, 92,...

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Hong Kong has experienced its coldest day in 59 years at three degrees Celsius. "It is very cold and windy over Hong Kong. People are...

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Eight employees at the Egyptian Museum face trial over the botched reattachment of the beard on the burial mask of Tutankhamun, Egyptian media say. It...

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Walmart has been ordered to give jobs back to 16 workers it fired for missing shifts to take part in a strike. Administrative Law Judge...

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The widow of American billionaire Douglas Tompkins has begun talks with Chilean President Michelle Bachelet over the donation of a vast nature reserve in...

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Authorities in Rio de Janeiro have announced plans to prevent the spread of the Zika virus during the Olympic Games later this year. Zika outbreak...

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A Canadian teenager has been charged with four counts of first-degree murder after shootings in Saskatchewan province, police say. The boy - who cannot be...

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One Direction singer Louis Tomlinson has confirmed that he has become a dad for the first time. After much speculation, Louis Tomlinson tweeted that his...

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Ex-NYC Mayor Michael Bloomberg is thinking about running for president as an independent candidate, several outlets report. Unnamed advisers told the New York Times that...

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Eastern states have received more than two feet of snow fall in a huge blizzard that is sweeping across the region. Heavy snow began falling...

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Aston Martin will auction one of 10 DB10 cars made for James Bond movie SPECTRE along with 23 other Bond-related items for charity. The car,...
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