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Gold Fix Drawing Scrutiny Amid Knowledge Tied to Eruption

Gold Fix Drawing Scrutiny Amid Knowledge Tied to Eruption | EconMatters | Scoop.it
Every business day in London, five banks meet to set the price of gold in a ritual that dates back to 1919.
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Samsung Galaxy Note 7 Crisis Signals Problems at Korea Inc.

Samsung Galaxy Note 7 Crisis Signals Problems at Korea Inc. | EconMatters | Scoop.it
A countrywide, top-down corporate culture stifles South Korean innovation and may have contributed to the company’s problems, critics say.
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Most laid-off energy workers remain out of work, UH study says

Most laid-off energy workers remain out of work, UH study says | EconMatters | Scoop.it
Nearly 90 percent of oil and gas workers who lost jobs during the oil bust either remain unemployed or have left the sector for other industries, dramatically altering the size and shape of the global energy workforce, according to a study by University of Houston researchers. Roughly one in four laid-off energy workers have found jobs in other industries, and many more might follow and leave the industry for good, the survey of 720 respondents around the world concludes. "A good number of people are lost to other industries," said Christiane Spitzmuller, principal investigator with the Center for Applied Psychological Research at the University of Houston. A former University of Texas swimmer who left the sport after participating in the 2004 Olympic trials, he started a swim coaching service in October. The permanence of people leaving the industry translates into high recruitment and training costs for companies as they may be forced to hire workers with no energy experience, according to the researchers. Even before the recent downturn, the energy sector was still grappling with a generational skills gap that resulted from people avoiding the industry after the 1980s crash, as well as a recent wave of retirements. The research results recommend better internal communication about how layoff decisions are made and how laid-off employees are treated.
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EIA: US crude inventories up 2.3 million bbl

EIA: US crude inventories up 2.3 million bbl | EconMatters | Scoop.it
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 2.3 million bbl during the week ended Jan. 13 compared with the previous week's, according to the US Energy Information Administration’s Petroleum Status Report.
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Microchip giant Taiwan Semiconductor Manufacturing Co. (TSMC) says it will create more jobs in the US as the firm posted record profits

Microchip giant Taiwan Semiconductor Manufacturing Co. (TSMC) says it will create more jobs in the US as the firm posted record profits | EconMatters | Scoop.it
Microchip giant Taiwan Semiconductor Manufacturing Co. (TSMC) says it will create more jobs in the United States as the firm posted record profits.
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EIA Sees Lower 48 NatGas, Oil Output Rising Through 2018 - Fueladdicts

EIA Sees Lower 48 NatGas, Oil Output Rising Through 2018 - Fueladdicts | EconMatters | Scoop.it
The U.S. Energy Information Administration (EIA) expects Lower 48 natural gas and crude oil production to trend higher this year than in 2016, in tandem with rising commodity prices.
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Sessions defends his civil rights record as protesters disrupt confirmation hearing

Sessions defends his civil rights record as protesters disrupt confirmation hearing | EconMatters | Scoop.it
Sessions, a 70-year-old Alabama Republican, has faced criticism from Democrats and civil rights groups ahead of his hearing.
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Authorities reveal the surprising way the Ft. Lauderdale shooter got a gun in an airport

Authorities reveal the surprising way the Ft. Lauderdale shooter got a gun in an airport | EconMatters | Scoop.it
Authorities now say the gunman …
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Five Natural Gas Charts For The New Year

Five Natural Gas Charts For The New Year | EconMatters | Scoop.it
Happy New Year 2017! For the new year, let's take a look at a few charts for natural gas. And why not? Gas is our fastest growing major fuel, and will be leaned on most to reduce greenhouse gas emissions while also backing up intermittent wind and solar power. Gas prices have [...]
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Attack on Berlin is bound to change Germany 

Attack on Berlin is bound to change Germany  | EconMatters | Scoop.it
Germany's long-held fears have become reality, but it doesn't end here. The attack in Berlin is bound to change the country, says DW editor in chief Alexander Kudascheff.
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2017 will be the 4th year in a row of capex reductions for Chevron

2017 will be the 4th year in a row of capex reductions for Chevron | EconMatters | Scoop.it
Chevron has announced its capital expenditure program for 2017, which will see the company spend US$19.8 billion next year, 24 percent lower than the figure for 2016
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Donald Trump calls Taiwan's president, Tsai Ing-wen, risking major diplomatic dispute with China

Donald Trump calls Taiwan's president, Tsai Ing-wen, risking major diplomatic dispute with China | EconMatters | Scoop.it
Donald Trump spoke with the president of Taiwan on Friday in move that risked a diplomatic row with China and was a major departure from decades of US policy in Asia.
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OPEC Focuses on Shrinking Stockpiles to Pave the Way for $60 Oil

OPEC Focuses on Shrinking Stockpiles to Pave the Way for $60 Oil | EconMatters | Scoop.it
OPEC’s first production cuts in eight years are intended to shrink the world’s bloated oil stockpiles back to a normal level, paving the way for prices to rise to more than $60 a barrel.
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Donald Trump's Inauguration Day makes memes great again

Donald Trump's Inauguration Day makes memes great again | EconMatters | Scoop.it
It's Trump's big day, and social media is inaugurating a batch of trending topics. From Kellyanne Conway's Hot Dog on a Stick outfit to Michelle Obama's Jim-from-The-Office face, here's a look at the most-shared memes.
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Amazon is going to kill more American jobs than China did

Amazon is going to kill more American jobs than China did | EconMatters | Scoop.it
Amazon says it will hire 100,000 workers this year, but it won’t say that eventually Amazon will kill more jobs than China ever did, writes Rex Nutting.
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OPEC Says Oil Output Fell After Production Deal, but U.S. Output Rising

OPEC Says Oil Output Fell After Production Deal, but U.S. Output Rising | EconMatters | Scoop.it
OPEC production fell in December after the cartel made a historic agreement to slash output, but its members still have some way to go before achieving their targeted reduction in petroleum output.
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In first press meet after election, Trump assails ‘fake news’ dossier

In first press meet after election, Trump assails ‘fake news’ dossier | EconMatters | Scoop.it
called BuzzFeed “a failing pile of garbage” and refused to allow the CNN reporter a question.
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Texas governor meets with Tsai, commits cultural faux pas | Taiwan News

Texas governor meets with Tsai, commits cultural faux pas  | Taiwan News | EconMatters | Scoop.it
Gift gaffe did not mar Tsai's meeting with Texas governor to discuss trade ties.During a meeting between Taiwan president Tsai Ing-wen and Texas governor Greg Abbot to discuss trade relations, the well-intentioned Abbot inadvertently gave Tsai a clock, which is a bad omen in Chinese culture.
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VW executive charged with fraud in connection to emissions cheating

VW executive charged with fraud in connection to emissions cheating | EconMatters | Scoop.it
Oliver Schmidt, Volkswagen’s former US head of compliance, would have been in charge of the company’s adherence to emissions regulations during the scandal
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Slick Gains: Speculative Money Fueling Oil Rally

Slick Gains: Speculative Money Fueling Oil Rally | EconMatters | Scoop.it
OPEC’s recent agreement to limit crude production is unleashing a tide of speculative bets on rising oil prices, raising the prospect that the oil market could reverse suddenly if the cartel fails to deliver.
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US crude settles at $52.33, down 2.6%, hitting two-week low on strong dollar

US crude settles at $52.33, down 2.6%, hitting two-week low on strong dollar | EconMatters | Scoop.it
Oil prices turned sharply lower as the U.S. dollar strengthened, making greenback-denominated commodities like crude more expensive to some buyers.
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Trump says U.S. not necessarily bound by 'one China' policy

Trump says U.S. not necessarily bound by 'one China' policy | EconMatters | Scoop.it
U.S. President-elect Donald Trump said the United States did not necessarily have to stick to its long-standing position that Taiwan is part of "one China," questioning nearly four decades of policy in a move likely to antagonize Beijing.
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Nerves enough to send oil prices higher

Nerves enough to send oil prices higher | EconMatters | Scoop.it
Anticipation building over a weekend meeting between OPEC members and other producers helped lift oil prices in early trading Friday, though doubts remain.
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Oil falls on production cut skepticism, OPEC and Russia output rise

Oil falls on production cut skepticism, OPEC and Russia output rise | EconMatters | Scoop.it
Oil prices on Tuesday fell for the first session since OPEC agreed to cut output last week after data showed crude production rose in most major export regions and on growing skepticism that the cartel would be able to reduce production.
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The Labor Department says unemployment is at 4.6% — but here's the bigger picture

The Labor Department says unemployment is at 4.6% — but here's the bigger picture | EconMatters | Scoop.it
Relying on that one headline number as an indicator of the economy's direction ignores a lot of important information just below the surface.
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