Home Virginia Politics Virginia News Headlines: Friday Morning

Virginia News Headlines: Friday Morning

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Here are a few national and Virginia news headlines, political and otherwise, for Friday, November 28.

*Our giant welfare state (“When these are added to government’s direct payments, rankings shift. France remains at the top, but the United States vaults into second position with roughly 30 percent of its GDP spent on social services, including health care. We have a hybrid welfare state, partly run by the government and partly outsourced to private markets.”)

*Dehumanizing Ferguson (“By no means would I ever seek to excuse the arson, looting and senseless destruction that took place Monday night. But policing is something that should be done with a community, not to it. Officials were treating the people of Ferguson like a rabble long before the first police car was torched.”)

*New U.S. plan: ‘Leaner, meaner’ Iraqi force

*OPEC inaction sends Brent to four-year low, hits stocks (I think they’re trying, among other things, to damage Canadian tar sands, which require around $80-$85/barrel, and U.S. “tight oil,” which requires around $60-$65 per barrel, to break even.)

*Walmart Is Seeing Its Biggest Black Friday Protests Ever Today

*R-MC’s Trammell reflects on lessons of congressional campaign (“Start earlier. Raise more money. Be more aggressive” Well, since Trammell wasn’t in the slightest bit aggressive against Brat, that shouldn’t be hard.)

*Student action groups finding their voices at UVa

*Letter: Gas pipeline would sacrifice the needs of the many for the profit of the few

*Va. crime panel considers cigarette licensing

*Fairfax County police shot an unarmed man in his home and they won’t say why (They need to be much more forthcoming; why haven’t they been?!?)

*Ethics, baseball, taxes

*Dulles in trouble as traffic shifts to Reagan National (Silver Line to the rescue?)

*Arlington board tensions could hamper work after streetcar vote (“Fisette, Hynes and Tejada are openly frustrated with Garvey, whom they blame more than Vihstadt for spreading misinformation about the project.” I tend to agree, although I blame both of them.)

*A brisk shopping day today; weekend will take a turn for the warmer

  • Horrible, ain’t it? LOL

  • As you can see from the graphic (from “a paper presented at Chatham House, Matthew Hulbert of the European Energy Review,” in which he “presents a graph showing the break-even oil price for each OPEC nation…the price that each country needs in order to maintain the welfare programs their people have come to expect.”), two countries which most certainly are NOT our friends get hurt really badly. Such a shame…not.

    #1. Iran: “needs oil prices well north of $100 per barrel to balance its budget, especially since Western sanctions have made it much harder to export crude. And if oil prices keep falling, the Iranian government may need to make up revenues elsewhere – say, by paring back fuel subsidies for its citizens (always an unpopular move, at least in the short term).”

    #2. Russia: “Now the plunge in global oil prices is putting even further strain on the nation’s economy. Oil revenues account for roughly 45 percent of Russia’s budget, and the government’s spending plans for 2015 had assumed that prices would stay in the $100-per-barrel range. If oil continues to sink below that, the country will either have to draw down from its $74 billion foreign-exchange reserves or cut back on planned spending.”

    P.S. It will be interesting to see how Texas’ economy does if oil prices stay low for a prolonged period of time.