tyb
SAM302 USAF C-40B departed JBA nw
SAM261 USAF G5 sw also from JBA
R0530909 US Army C-560 (this has been an AZAZ0909 flight with this AC reg prior) also departed JBA sw
from Dec 1st 2018
UBS secures majority stake in a China securities joint venture
Switzerland’s largest bank, UBS, has become the first foreign bank to hold a majority stake in a China securities joint venture, after gaining approval from country’s securities regulator. On Friday, the China Securities Regulatory Commission gave approval for UBS AG to hold the majority stake in its securities joint venture. The Swiss bank, which currently owns 24.99% of the UBS Securities Co joint venture, had applied in May this year to the China Securities Regulatory Commission (CSRC) to raise its stake to 51%. UBS is acquiring from China Guodian Capital Holdings and COFCO their 12.01% and 14% stakes in UBS Securities, respectively.
This makes it the first foreign bank to secure such control under new rules announced by Beijing last year.
UBS Chief Executive Sergio Ermotti said in a statement: “Growing our China business is key element of our strategy. The further opening up of China's financial sector represents great opportunities for our wealth management, investment bank and asset management businesses.” “Since establishing our onshore presence in 1989, we have been at the forefront of foreign investment in China. This step underlines our long-term commitment to this market and we will continue to pursue opportunities.”
This move should allow UBS to expand its business in the world’s second-largest economy. The venture’s existing operations include debt and equity underwriting and financial advisory.
This move is significant as China is traditionally restrictive on foreign firms owning its companies. The biggest global investment banks, which have struggled to build their China businesses under rules that previously limited them to 49% ownership, have long sought the lifting of such limits on joint ventures. Lack of control over joint venture operations in China’s potentially lucrative securities market resulted in difficulties in integrating mainland ventures with global operations.
https://www.swissinfo.ch/eng/china-deal_ubs-secures-majority-stake-in-a-china-securities-joint-venture/44587188
RAF RRR7303 Bombardier Sentinel R.1 GLEX over northern Poland from RAF Waddington
Sentinel’s onboard Airborne Stand-Off Radar, or ASTOR, reconnaissance system delivers accurate target information and speeds decision-making.
The Sentinel R Mk 1 fleet is a key C4ISTAR asset for the UK’s armed forces. Operated by the Royal Air Force’s No5 Army Cooperation Sqn, the Airborne Stand-off Radar system incorporates the Sentinel and ground components with the aircraft’s powerful active electronically-scanned array "dual mode" surveillance radar, combining the best in ground moving target indicator and synthetic aperture radar imagery, for unparalleled situational awareness.
The imagery is passed by secure data links to ground stations at all levels of command and control. By operating at high altitude, and at considerable long range stand-off distances, the radar platform is able to remain over safe territory while providing an excellent “look-down” angle of the target area.
https://www.raytheonintelligenceandspace.com/capabilities/products/sentinel
can't help yourself as usual
Exxon tries to put the worst behind it with $20 billion writedown
Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment, and slash project spending next year to its lowest level in 15 years. The oil major is reeling from the sharp decline in oil demand and prices from the COVID-19 pandemic and a series of bad bets on projects when prices were much higher. New cost cuts aim to protect a $15 billion a year shareholder payout that many analysts believe is unsustainable without higher prices.
The writedown lays bare the size of the miscalculation that the company made in 2010 when it paid $30 billion for U.S. shale producer XTO Energy as natural gas prices went into a decade-long decline. The writedown also includes properties in Argentina and western Canada.
While smaller than the up to $30 billion charge the company forecast a month ago, the quarterly charge to earnings reflects the company’s recent reduction in its outlook for oil and gas prices.
Exxon will continue initiatives in offshore Brazil, Guyana, the Permian Basin shale field in the United States, and in performance chemicals despite plans to implement deeper spending cuts, it said. Not mentioned was its $30 billion Mozambique liquefied natural gas project, which sources do not expect final investment decision on until early 2022.
“Recent exploration success and reductions in development costs of strategic investments have further enhanced the value of our industry-leading investment portfolio,” said Chief Executive Darren Woods.
Business conditions are continuing to show signs of improvement despite the pandemic, he said. The impairment charge “further worsens the company’s already substantial jump in financial leverage,” said Pete Speer, senior analyst at Moody’s Investors Service. “With this charge added to the big rise in debt this year, we see ExxonMobil’s debt/capitalization rising to nearly 30%, from just over 20% at the start of 2020.”
Next year’s spending will fall, to between $16 billion to $19 billion, but Exxon could increase spending by 2025 to more than this year’s about $23 billion level, Woods said. The plan to return to higher levels of capital expense struck investor Mark Stoeckle, senior portfolio manager at Adams Funds, as unusual.
“In this environment it makes no sense to me at all. What’s the hurry?” he said. “I don’t think it’s going to help them with investors.”
Exxon said last month it could cut 14,000 employees, or 15% of its global workforce, by the end of 2021.
https://www.reuters.com/article/exxon-mobil-outlook/corrected-update-4-exxon-tries-to-put-the-worst-behind-it-with-20-bln-writedown-idUSL4N2IG4LY
RAF RRR7303 Bombardier Sentinel R.1 GLEX that was over northern Poland heading back to RAF Waddington
SWISS AF SUI004 Falcon 900 EX nw from Abu Dhabi after an overnight-prior stop at Tel Aviv prior to arrival at Abu Dhabi yesterday-departed from Lugano on 1128
FALCN68 USAF Learjet nw from Burgas, Bulgaria and back to Ramstein AFB
was getting around to dat.
wuz busy attending to the guests next door.
They are really losing it nao.
keep doing it…I've posted less stuff in there in the last two weeks-mostly to see if anyone paying attention. Most are not so
dp and moi plus another sticking it to 'em
fuck'em they reap what they sow.
68-10336 USAF U-2S Dragon Lady up from Skunkworks and at 60k/ft
America's Darkest Secret: The Exchange Stabilization Fund
Who would like to know where $21 trillion of US taxpayer dollars disappeared to between 1995 - 2015? Earmarked for the DOD and HUD this money disappeared down a black hole of criminal corruption that has funded some of the most profound criminal activity in the last 100 years, if not all of history. Most everyone in the truth movement knows that the Kennedy assassination was an inside job- but where did the funding for such a massive undertaking come from? The answer to this riddle and much more lies within one of America's best kept secrets… the Exchange Stabilization Fund.
The ESF has been behind every major US fraud/scandal since 1934, according to researcher Eric de Charbonnel of MarketSkeptic. These include the London Gold Pool (that eventually led Nixon to taking us off the gold standard), the Kennedy assassinations (both), Iran/Contra, CIA drug trafficking (and likely human trafficking), HIV/AIDS and more.
The ESF was established as a part of the Gold Reserve Act of 1934 as a part of the Treasury Department. Conducted through the NY Federal Reserve Bank, its stated purpose is to stabilize the dollar and keep it that way. In 1934, $2 billion was transferred to the Treasury with absolutely no Congressional oversight effectively establishing a slush fund. Since then it has controlled both domestic and international finance.
We all like to blame the Fed for the fiat currency crisis as well as any other fiscal and monetary problems, but as we shall see it is in fact the Treasury through the ESF that controls the economy… the Gold Reserve Act in effect denuded the Fed of most of its power. Since its inception the ESF has consistently debased the value of the US dollar that it was created to protect.
Since WWII the ESF has been a "secret weapon" for funding black ops of every sort. During the war, OSS (the precursor to the CIA) used it for covert financial operations to "keep Nazis out of Mexico and Central America." They are able to accomplish this because the Secretary of the Treasury is under no obligation to obey the laws of the US thus the ESF has been funding black ops around the world for over 80 years.
It was the ESF that was behind the Bretton Woods agreement establishing the IMF and World Bank. Under Harry White, a Treasury Dept. employee and member of the OSS Committee the ESF began using taxpayer dollars to interfere in foreign elections and later laundering money from CIA drug ops, all through the NY Fed. White also became the first president of the IMF.
moar
https://steemit.com/informationwar/@richq11/america-s-darkest-secret-the-exchange-stabilization-fund
Citi Reorganizes Equities Division in Push to Move Up Rankings
Citigroup Inc. reorganized its equities division as the bank seeks to move up the league-table rankings for stock trading.
Julia Raiskin will lead the equities-sales efforts in the Asia-Pacific region, Dirk Keijer will have a similar role for Europe, the Middle East and Africa, and Cedric Pauwels will be in charge of those efforts for the Americas, according to a company memo. Antonin Jullier will leave his post as global head of equity sales to explore other opportunities.
The moves are meant to help the bank become a top-four competitor in equities trading within two to three years, according to the memo from Fater Belbachir, who joined Citigroup from Barclays Plc earlier this year to lead the global equities-trading operation.
“I have spent a significant amount of time with many of you over the last few months since I joined Citi. The engagement and enthusiasm to drive the equities franchise forward was evident in all discussions,” Belbachir said in the memo. “Delivering the firm and platform in a client-centric model is going to be critical for our success.”
https://www.bnnbloomberg.ca/citi-reorganizes-equities-division-in-push-to-move-up-rankings-1.1530231
SAM187 USAF G5 on final approach (and on ground now) for Boston-Logan Int'l from JBA depart
stol'd it
Dollar plummets on U.S. stimulus hopes; bitcoin hits all-time peak
The dollar stumbled on Tuesday to its lowest level in more than 2-1/2 years, as investors’ appetite for risk increased on prospects of further fiscal stimulus from the United States as well as expectations of a solid global recovery. News of a proposed COVID bill sank the dollar further, as did the resumption of talks between U.S. Treasury Secretary Steve Mnuchin and House of Representatives Speaker Nancy Pelosi on Tuesday about a stimulus package.
The proposed relief bill of $908 billion would fund measures through March 31, including $228 billion in additional paycheck protection funds for hotels, restaurants and other small businesses. Pelosi said on Tuesday Mnuchin would review both bipartisan Senate proposal as well her and Senator Charles Schumer’s COVID relief plan.
Currencies that thrive in times of risk appetite such as the euro, sterling, as well as the Australian, and New Zealand dollars all rose against the greenback. The euro and the New Zealand dollar both hit 2-1/2-year highs.
Bitcoin was also on a tear, hitting a record high just under $20,000. The virtual currency though was last down 3.8% at $18,961. In afternoon trading, the dollar index fell 0.7% to 91.318, hitting 91.263, the lowest since late April 2018.
The euro hit a 2-1/2-year high vs dollar at $1.20.55 and last traded 1% higher at $1.2049. Sterling climbed to a three-month peak versus the dollar after Times Radio said Brexit trade deal talks have entered the “tunnel” stage of negotiations. The “tunnel” is a term for an intense final stage of secretive, make-or-break negotiations. The Fed meets to set policy on Dec. 15-16.
Fed Chairman Jerome Powell and Treasury’s Mnuchin on Tuesday also urged Congress to provide more help for small businesses amid a surging coronavirus pandemic and concern that relief from a vaccine may not arrive in time to keep them from failing.
The New Zealand dollar hit its highest level since June 2018 and was last up 0.7% at US$0.7055, while the Canadian dollar rose versus the greenback, which dropped 0.4% to C$1.2954. Data showed Canada’s economy grew by 40.5% on an annualized basis in the third quarter, rebounding from a historic plunge in the second.
https://www.reuters.com/article/global-forex/forex-dollar-plummets-on-u-s-stimulus-hopes-bitcoin-hits-all-time-peak-idUSL1N2IH2DI
https://www.marketwatch.com/investing/index/dxy
https://www.kitco.com/charts/livegold.html
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
NY Fed's Logan says emergency facilities could be reinstated quickly
The emergency lending programs the Federal Reserve set up during the pandemic served as helpful backstops and could be revived quickly if needed after they expire at year end, a senior New York Federal Reserve official said on Tuesday. “From an operational perspective, we could reinstate the expiring facilities quickly if needed,” said Lorie Logan, manager of the System Open Market Account, during a virtual discussion on Tuesday organized by the Money Marketeers of New York University. Logan said the Fed also has other tools it can use to keep markets functioning smoothly, including asset purchases.
https://www.reuters.com/article/usa-fed-logan-facilities/ny-feds-logan-says-emergency-facilities-could-be-reinstated-quickly-idUSL1N2IH2II
SAM125 USAF G5 ne from Austin-Bergstrom Int'l after a ground stop,additional gs at Arlington Muni Airport,TX heading back to origin of JBA
SAME40 USAF Rivet Joint heading back to Majors Airport-Greenvile, TX after some work over New York, Vermont and New Hampshire
Walmart, Inc sold by Walton Family Trust: $103.30m-Nov 30, Dec 1
from March 9, 2020
Waltons Transfer $48 Billion of Walmart Shares to Family Trust
The world’s wealthiest family moved $48 billion of Walmart Inc. stock to a different holding company in an action that may signal future share sales and bolster their philanthropy. Walton Enterprises LLC, the main investment entity of the retailer’s founding clan, transferred about 15% of Walmart’s outstanding shares to the Walton Family Holdings Trust, according to regulatory filings last week. The shift of 415 million shares represented about 29% of the shares held by Walton Enterprise. This entity now owns about 1 billion shares.
https://www.bnnbloomberg.ca/waltons-transfer-48-billion-of-walmart-shares-to-family-trust-1.1402575
Walton Enterprises, LLC Statement
on above
https://corporate.walmart.com/newsroom/2020/03/06/walton-enterprises-llc-statement
from 2013
Trusts allow Walton family to safeguard wealth
https://www.stltoday.com/business/local/trusts-allow-walton-family-to-safeguard-wealth/article_147c1c1c-c38a-5e1a-b977-34cff3c2218f.html
Robson Walton
https://www.finviz.com/insidertrading.ashx?oc=1219112&tc=7
Alice Walton
https://www.finviz.com/insidertrading.ashx?oc=1013440&tc=7
Jim Walton
https://www.finviz.com/insidertrading.ashx?oc=1219106&tc=7
2 ANON US Navy Ospreys at NAS North Island