Unlike the author's assertion below, I personally experienced the real issue small banks experience, caused by the stranglehold the OCC and Fed have. These unchecked regulatory bodies' goals may be altruistic, but their methods place hardships and truly common sense-defying and unsupervised constraints that ensure banks remain at a serious disadvantage to any other institution. Scott Shields Katy, Scott Shields Houston America's community banks in danger of extinction due to credit union tax loophole By Alex Sanchez Published April 01, 2019 Opinion FOXBusiness Reposted by Scott Shields Houston, Scott Shields Katy Facebook Twitter Print Number of banks in America is at a historical low: Florida Bankers CEO Florida Bankers Association CEO Alex Sanchez on the outlook for Federal Reserve policy, the state of the financial sector, the regulatory environment and the challenges for companies in the cannabis industry to get fina...
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UAE to Establish Itself as Tech Hub
SEARCH FOR: Abu Dhabi Aims To Lure Start-Ups With Investment In New Technology Hub FILE PHOTO: General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Picture taken January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo March 24, 2019 By Stanley Carvalho, reposted by Scott Shields Katy, Scott Shields Houston ABU DHABI (Reuters) – Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of the United Arab Emirates continues its push to reduce reliance on oil revenue. Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P. The emirate launched a 50 billion dirh...
US Crude Production Sets New Record; Future Rate of Growth To Slow
Shale drillers are cutting billions of dollars in spending, raising questions about US oil output PUBLISHED MON, MAR 11 2019 • 8:14 AM EDT | UPDATED MON, MAR 11 2019 • 11:17 AM EDT Tom DiChristopher @TDICHRISTOPHER KEY POINTS Independent shale oil drillers are cutting spending, but U.S. oil output is still expected to surge this year.Smaller publicly traded drillers are throttling back capital expenditures, while their bigger rivals are making smaller cuts on a percentage basis. Private drillers increased output in the second half of last year and could do the same again this year, Barclays warns. Robert Nickelsberg | Getty Images, reposted by Scott Shields Katy, Scott Shields Houston. The shale drillers behind booming U.S. oil and natural gas output have survived a bevy of challenges in recent years, from a historic oil price downturn to an effort by OPEC to wash them out of the market with a flood of cheap crude. Now, with U.S. output at all...