Halliburton Brings Strong Quarterly Revenues, Remains Optimistic About Oil and Gas Industry, an Industrial Info News Alert
Posted 22 October 2008 @ 07:15 am EST
SUGAR LAND, TX -- (Marketwire) -- 10/22/08 -- Researched by Industrial Info Resources(Sugar Land, Texas) -- On Monday, October 20, Halliburton Company(NYSE:HAL) (Houston, Texas) reported its earnings for the third quarter of2008. The company brought in consolidated quarterly revenue of $4.9billion, up 24% from the third quarter of 2007. Halliburton's net incomeof $687 million, however, represented a decrease from the $727 million ofrevenues earned in 3Q07, a quarter in which Halliburton took advantage ofpreviously unrealized tax credits. Additionally, in a new releaseregarding the earnings, Halliburton stated, "The hurricanes in the Gulf ofMexico negatively impacted third quarter revenue by approximately $74million." Industrial Info is currently monitoring more than $1 billion ofHalliburton's projects in the U.S., as well as other internationalprojects.
http://www.ibtimes.com/prnews/20081022/halliburton-company.htm
In recent weeks:
-- More than 20 million video disc copies of a film called "Obsession: Radical Islam's War Against the West" were included as advertising supplements in newspapers across the country, many in battleground states where Obama is in a close fight with Republican candidate John McCain. The film, distributed by a private group unaffiliated with the McCain campaign, features suicide bombers, children being trained with guns, and a Christian church said to have been defiled by Muslims.
-- A city council candidate in Irvine, California, who is a Muslim convert, said he got a telephone call saying "I want to cut your head off just like all the other Muslims deserve," the Los Angeles Times reported.
-- A mosque in a suburb of Chicago, Obama's home city, was vandalized four times in less than two months, with anti-Islamic messages left on its outer walls, and windows and doors broken...
Credit crisis sends wool price tumbling
Wednesday, 22/10/2008
A wool trading company says the wool market experienced a significant drop in prices overnight, because of the global financial crisis.
BWK Elders trading manager John Roberts says overnight prices dropped by 62 Australian cents, one of the biggest falls this year.
He says his company didn't buy any wool overnight, because markets like China are experiencing credit problems and didn't make any orders.
"This has been on the cards for a while, currency has been assisting to some extent, but I think with a very large offering this week, that's certainly released the pressure valve a bit and things started to really tumble."
Carl Leubsdorf: McCain blew it by steering off course
01:38 PM CDT on Wednesday, October 22, 2008
In endorsing Barack Obama, Colin Powell said he was disappointed and troubled by John McCain's "narrow" campaign approach and the promise of a further "rightward shift" in a McCain administration.
In particular, he cited the choice of Sarah Palin as vice president and the likelihood Mr. McCain would name at least two more conservative Supreme Court nominees.
Mr. Powell not only gave an insight into his own beliefs but illustrated how Mr. McCain has undercut his own candidacy. If he loses, as polls indicate is likely, the principal reason will be the advantage Democrats have enjoyed as a result of this year's poor political climate for Republicans.
But a contributing factor has been Mr. McCain's decision to emulate the Bush approach in the two previous elections, with strongly conservative positions and rhetoric.
Learn the truth about Obama's experience
Published Wed, Oct 22, 2008 12:00 AM
I'm tired of hearing about Barack Obama's lack of experience.
In the U.S. Senate, he's served on the Foreign Relations; Homeland Security; Veterans Affairs; and Health, Education, Labor and Pensions committees.
He served eight years in the Illinois state Senate.
He graduated top of his class at Harvard Law School and was president of the Harvard Law Review. He earned a degree in political science, specializing in international relations.
He worked in Chicago as a community organizer. He helped initiate an effective job training program, college preparatory tutoring program, and a tenants' rights organization. In three years, the Developing Communities Project grew from a staff of one and budget of $70,000, to a staff of 13 and budget of $400,000.
He was a civil rights attorney for nine years and a lecturer/professor on Constitutional law at the University of Chicago for 12 years.
In the U.S. Senate he's sponsored 570 pieces of legislation; in the state Senate it was 823.
His first law was passed with Republican Tom Coburn, a measure allowing Americans to go online to view how every dime of their tax dollar is spent.
He's also been the lead voice in championing ethics reform, rooting out Jack Abramoff-style corruption in Congress.
He traveled to Russia with Republican Dick Lugar to begin a new generation of non-proliferation efforts designed to find and secure deadly weapons around the world.
Become educated, voters. Please don't buy into untruths and hype without checking the facts.
Helaine Kinsey
Lady's Island
October 22, 2008
Citizen Arrest of Karl Rove Fails
Code Pink protester Janine Boneparth tried to place former Bush administration aide Karl Rove under citizen arrest at the Mortgage Bankers Association in San Francisco yesterday. As Boneparth tried to arrest him for treason while speaking on stage, Rove "elbowed the woman away as she was escorted off the stage." A total of five Code Pink activists were removed from the building, but no one was charged.
Pardon Me?: The Constitutional Case Against Presidential Self-Pardons
Brian C. Kalt August 1, 1974. As Richard Nixon's presidency rapidly neared its end, his aides outlined his options. One possibility discussed was for Nixon to pardon himself and then resign. His lawyers prepared a short memorandum concluding that a self-pardon would be legal.1 Nevertheless, Nixon decided against a self- pardon, resigned, and left his fate in the hands of President Gerald Ford.2 Christmas Eve 1992. President George Bush had lost his bid for reelection and would be in office for only one more month. Special Prosecutor Lawrence Walsh had persisted in his pursuit of Iran-Contra suspects. Bush decided to pardon several of them, leaving himself as the most prominent prosecutable figure.3 Several commentators speculated that Bush might pardon himself for his role in the scandal, and many assumed that such an act would be valid.4 One stated, "[F]or a president to pardon himself would, admittedly, be an act of unprecedented chutzpah, but the Constitution does not forbid it, containing nothing that circumscribes the power ...."5 Others disagreed, including Walsh and his staff.6 As one commentator wrote: "We have not recognized…
Kalt, Brian C.. “Pardon Me?: The Constitutional Case against Presidential Self-Pardons,”
The Yale Law Journal, Vol. 106, No. 3 (Dec., 1996), pp. 779-809
Veteran reporter Judith Miller joins Fox News
Mon Oct 20, 2008 4:57pm EDT
By Paul J. Gough
NEW YORK (Hollywood Reporter) - Former New York Times reporter Judith Miller, who spent 85 days in jail for contempt of court during the Valerie Plame affair, has joined the Fox News Channel as a contributor, the network said Monday.
Miller will be an analyst at Fox News on security and international affairs and write for FoxNews.com.
Before joining Fox News Channel, Miller was a New York Times reporter for 25 years. She was jailed in 2005 when she declined to reveal the name of a confidential source to a federal grand jury investigating Plame's unmasking as a CIA operative.
Miller won the 2002 Pulitzer Prize for Explanatory Reporting about terrorism and has written about that topic and many others. She also is an adjunct at the Manhattan Institute.
Reuters/Hollywood Reporter
