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Dril-Quip's Declining Backlog Is Disconcerting PDF Print E-mail
Dril-Quip (NYSE:DRQ) reported Q2 revenue of $142.4 million and eps of $0.96. The company beat on earnings but missed on revenue by over $6 million. The stock sold off over 1% on the news. Dril-Quip's revenue is in free fall . Total revenue fell 14% Q/Q and 34% Y/Y; the company has now suffered three consecutive quarters of revenue declines. Revenue from Subsea Technology was even worse, falling 17% sequentially and 37% Y/Y. According to a Wood Mackenzie study billions in deep water projects are being delayed and there are expected to be a dearth of orders going forward.
Philando Castille Girlfriend: "Not One, Two, Three, Four, But Five Shots" PDF Print E-mail
Philando Castile's girlfriend, Diamond Reynolds, was visibly shaken and enraged after her boyfriend was shot and killed in front of her and her four year old daughter. Every time another African-American is shot by the cops the media and politicians attempt to change the narrative to "too many guns" and "cops sure have a dangerous job."
Weatherford: Financing Venezuela's PDVSA Could Amplify Negative Cash Flow PDF Print E-mail
ImageLast month Venezuela state-owned oil company PDVSA announced it signed financing agreements with oil services companies Weatherford (NYSE:WFT) and Halliburton (NYSE:HAL) to help alleviate its payment difficulties. PDVSA has more than $20 billion in unpaid bills which had prompted Schlumberger (NYSE:SLB) and Halliburton to halt or slow work. Both Weatherford and Halliburton have been struggling to find new sources of revenue amid the slump in oil prices and E&P. Venezuela is one of the world's largest oil producers and a loss of its business would have stung the oil services giants.
"Shock Exchange" Author Says Congress Plagiarized Idea To Tax College Endowments PDF Print E-mail

Orrin Hatch, Paul Ryan eating off inner-city black kids' plates?

The cost of college has been growing at over three times the rate of inflation for over a decade, yet politicians have been loathe to do anything about it. The critically acclaimed, Shock Exchange: How Inner-City Kids From Brooklyn Predicted The Great Recession And The Pain Ahead, recommended taxing colleges with the biggest endowments as a practical plan to tamp down these rising costs. Now Congress is listening. In October Congressman Tom Reed (NY) recommended taxing colleges with the largest endowments. In April the Senate Finance and House Ways and Means committees queried the 56 wealthiest private colleges about the size of their endowments and how they were being managed. However, Congress never cited Shock Exchange as the source of its information. Below is a synopsis of the June 5, 2016 "cease and desist" letter I sent to the House Ways and Means and Senate Finance Committees:

Did Clippers Cut Branden Dawson Over Domestic Violence Charge? PDF Print E-mail
ImageThe Clippers officially waived Branden Dawson after having only played in six games for the Clippers last season. The former McDonald's All-American high school player was the typical Michigan State spartan -- gritty, hard-nosed and fundamentally sound. However, he didn't do much his rookie season and according to ( http://nba.nbcsports.com/2016/07/17/clippers-waive-branden-dawson/?utm_source=dlvr.it&utm_medium=twitter ) NBC Sports, the move was driven by the Clippers' need to cut costs.
What We Know About Gavin Long, Killer Of Baton Rouge Cops PDF Print E-mail
Image The man who shot six Baton Rouge police officers on Sunday morning, killing three, has been identified as 29 year old Gavin Eugene Long. Reports suggested five men from Missouri lured police to a business area and then opened fire. Long was killed in the shoot-out, but apparently, two other suspects have been detained and law enforcement agencies have engaged someone at Long's last known address in Kansas City, MO. Long was a marine veteran who served in Irag. His online presence indicates the was agitated about police killings of black men and surveillance of him by the government. 
Source: Gunmen From Missouri Lured Baton Rouge Policemen To Their Deaths PDF Print E-mail

The plot thickens on the goings on in Baton Rouge, LA where three cops were killed and three injured in a shoo-out. A source suggests gunmen from Missouri lured the officers to a business area and then opened fire:

Five men from Missouri are reported to have lured law enforcement officers to a Baton Rouge business before opening fire on them Sunday morning ... WDSU reporter Jennifer Crockett said a source at Mayor Kip Holden's office in Baton Rouge told her the information before Sunday's news conference with Gov. John Bel Edwards ... The five men from Missouri, who have not been identified, took up shelter at a fitness equipment business next to a convenience store near Airline Highway and Old Hammond Highway ... one of the gunmen called 911 and lured law enforcement officers to the area before opening fire on them.

One of the gunmen is an African-American male, Gavin Long, who is dead. Two other people have reportedly been detained.

Three Baton Rouge Police Officers Feared Dead In Shoot-Out PDF Print E-mail

After a shoot out with a suspect in Baton Rouge, LA several police officers have been shot, and three are feared dead. The incident comes after the killing of Alton Sterling at the hands of police over a week ago and the recent killing of five Dallas police officers by Micah Xavier Johnson. An eyewitness said a man dressed in black began shooting after walking out of a convenience store. The situation is fluid but this sounds crazy. The violence that Ralph Baker's Shock Exchange: How Inner-City Kids From Brooklyn Predicted The Great Recession And The Pain Ahead predicted seems to have materialized. The U.S. is a powder keg right now. 

Is This The Violence "Shock Exchange" Predicted? PDF Print E-mail


The U.S. has been under a state of turmoil over the past week. The state-sanctioned killings of Philando Castile and Alton Sterling set off alarm bells. Castile was stopped for what cops say was a "busted tail light." He was shot and killed after alerting an officer that he had a gun -- allowed in Minnesota which is an open carry state. Cops approached Sterling in Baton Rouge, LA for selling CDs. Despite pinning Sterling to the ground, cops pumped four bullets into Sterling. He later died. Those killings apparently set off Micah Xavier Johnson, the Dallas sniper who shot 12 Dallas police officers, killing five. The question remains, "Is this the violence 'Shock Exchange' predicted?"

They Got Deray PDF Print E-mail

This past weekend was one of the most active for protests over police killings of African Americans. Videos of state-sanctioned killings of Philando Castile in Minnesota and Alton Sterling in Baton Rouge, LA have shocked the nation. Black Lives Matter protests took place over the weekend in Chicago, Minnesota, NYC, Baton Rouge, Washington, DC, Dallas. While live streaming a protest in Baton Rouge, Deray McKesson was rushed by cops from behind and arrested.



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