Sunday, 20 Jun 2021

Oil Extends Fall As West Agrees To Lift Sanctions On Iran

Playing the Role of New York? Toronto. That View of Paris? It’s Montreal.

At the Venice Biennale, Canada examines its cities’ ability to stand in for television and film locations.

By Sam Lubell

As visitors to the 2021 Venice Architecture Biennale make their way through the broad, leafy pathways of the event’s main exhibition space, the Giardini di Castello, they will quickly notice that one of the national pavilions is wrapped almost completely in green fabric.

Odometer Rollbacks: A Hard-to-Spot Nuisance for Car Shoppers

Nearly half a million vehicles with illegally altered mileage are sold each year, according to federal estimates.

By Paul Stenquist

Of the approximately 40 million used cars sold each year, over 450,000 have odometers that were illegally altered, according to federal estimates.

Marjorie Taylor Greene’s Tweet About Accountability Gets Flipped Back On Her

Rep. Marjorie Taylor Greene’s (R-Ga.) tweet on Wednesday about accountability in Congress did not go well.

“In the Swamp, no one is ever held accountable and no one ever goes to jail,” wrote the QAnon-endorsing Republican who in February was stripped of her House committee assignments for embracing racist conspiracy theories and liking social media posts that suggested executing prominent Democrats.

The far-right firebrand, who to this day continues to back ex-President Donald Trump’s election lies, had the tweet flipped back on her:

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States Where the Most People Are Vaccinated

The Biden Administration announced a target goal of delivering at least one vaccination dose to 70% of American adults by July 4. Whether or not the timeline is achievable remains to be seen. Currently, 124,455,693 people have been fully vaccinated, or 38.0% of the population.

So far, vaccination coordination efforts have been largely left to states to manage themselves — and some have proven more efficient at it than others. Depending on the state, the share of the population that has been fully vaccinated ranges from as low as 26.1% all the way up to 50.0%.

Regardless of the share of the population each state has managed to vaccinate, data reveals inefficiencies in vaccination campaigns everywhere in the country as millions of doses are currently sitting idle under the purview of state governments, yet to be administered. As of May 18, only about 79.5% of the 346,672,500 doses of the vaccine that have been distributed to the 50 states and Washington D.C. have been administered. In one state, only 66.2% of delivered doses have gone into the arms of residents. Meanwhile, the state that has proven most efficient has used 92.8% of the vaccine doses it has received.

As the virus mutates and new variants spread, vaccinating the population as rapidly as possible is critical. In total, there have been 9,971 known infections for every 100,000 people nationwide.

Triumph Group Inc. Q1 adjusted earnings Beat Estimates

Below are the earnings highlights for Triumph Group Inc. (TGI):

-Earnings: -$73.51 million in Q1 vs. -$75.12 million in the same period last year.
-EPS: -$1.27 in Q1 vs. -$1.51 in the same period last year.
-Excluding items, Triumph Group Inc. reported adjusted earnings of $5.64 million or $0.10 per share for the period.
-Analysts projected $0.08 per share
-Revenue: $466.83 million in Q1 vs. $693.11 million in the same period last year.

New York Daily News Taunts Mitch McConnell’s Devotion To Donald Trump With Lapdog Cover

Senate Minority Leader Mitch McConnell (R-Ky.) is “TRUMP’S LI’L MITCH” on Thursday’s cover of the New York Daily News.

The newspaper depicted McConnell as a dog on Donald Trump’s lap in response to the lawmaker’s opposition to a commission to investigate the deadly U.S. Capitol riot, which was incited by the ex-president.

The House voted Wednesday to set up a commission on the violence. Senate Republicans, led by McConnell, oppose the investigation.

“Lapdog pol protects Don from riot probe,” read the subheadline:

It’s not the first time the New York tabloid has transformed McConnell into an animal on its front page.

In January 2020, it turned the then-Senate majority leader into a chicken following his refusal to allow witnesses to testify in Trump’s Senate impeachment trial over the Ukraine scandal.

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Oil Extends Fall As West Agrees To Lift Sanctions On Iran

Oil prices fell around 2 percent on Thursday after Iran’s president said the broad outline of a deal to end sanctions on its oil had been reached.

Brent crude futures for July settlement fell 2.2 percent to $65.25 a barrel amid uncertainties around global supply and potentially lower global demand in the short-term due to a second coronavirus wave raging in India.

West Texas Intermediate Crude oil futures for June delivery were down a little over 2 percent at $62.06 a barrel.

In comments released by the Iranian Fars News Agency, President Hassan Rouhani said that all parties to the talks have agreed to lift all major sanctions on oil, petrochemicals, shipping, insurance, the central bank and so on.

Iranian Deputy Foreign Minister Seyed Abbas Araghchi stressed that some key issues still have not been decided.

Crude oil prices were also weighed down by inflation concerns and data showing an increase in U.S. crude stockpiles.

As inflation risks mount, investors fear that there would be major shift in the approach of central banks.

According to minutes from the Federal Reserve’s April meeting, a number of officials said talking about tapering might be needed at an upcoming meeting.

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