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Jim Cramer, ‘Mad Money’ host, declares fossil fuels dead

ExxonMobil and Chevron stocks sank Friday morning after both oil companies reported disappointing fourth quarter earnings. How does influential TV financial analyst Jim Cramer make sense of that? The Mad Money host thinks it’s time to ditch oil companies — and not just because they’re currently a drag on the Dow.

On Friday’s Squawk Box, a pre-market morning show, the TV host and former hedge fund manager stunned CNBC anchor Rebecca Quick by saying that oil companies are in the “death knell phase.”

“I’m done with fossil fuels. They’re done,” he said. “We’re starting to see divestment all over the world. We’re starting to see … big pension funds saying, ‘Listen, we’re not gonna own them anymore.’”

“The world’s changed,” Cramer added later. “This has to do with new kinds of money managers who frankly just want to appease younger people who believe that you can’t ever make a fossil fuel company sustainable.”

It may seem a bit surprising that a volatile baby boomer stock-picker who’s written multiple books with the phrase “Get Rich” in the title just delivered a resounding condemnation of fossil fuel companies on live TV. But this isn’t the first time Cramer has nudged the market in a greener direction: Just last month, he threw his weight behind Tesla’s stock, calling himself a “true believer” in the electric car company.

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Jim Cramer, ‘Mad Money’ host, declares fossil fuels dead

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How Unpopular Is Trump? Clinton Is Courting Mormon Voters in Utah Now.

Mother Jones

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When Donald Trump promised to expand the electoral map this spring, he didn’t mean he’d put Utah in play for his Democratic rival. But on Tuesday we got a little bit more evidence of how shaky the GOP nominee is looking in one of the most consistently Republican states in the country. With polls showing a close race in Utah and two third-party candidates looking to siphon off votes from Trump—former CIA officer and Brigham Young University alumnus Evan McMullin entered the race this week—Democratic presidential nominee Hillary Clinton published an op-ed slamming Trump in the Deseret News, the Salt Lake City newspaper published by the Mormon Church.

Trump has struggled to win over some Mormon voters in large part because of his extreme positions on immigrants and his proposal to crack down on adherents of a specific religion, Islam. (Mormons have endured a history of religious persecution.) In her op-ed, Clinton zeroed in on these policies. “I’ve been fighting to defend religious freedom for years,” she wrote, touting her work with former Utah Republican governor (and 2012 presidential candidate) Jon Huntsman, scion of one of the state’s most powerful families, in protecting Christians in China.

Then she twisted the knife, comparing Trump’s proposals to previous instances of state-sponsored discrimination and violence against Mormons:

But you don’t have to take it from me. Listen to Mitt Romney, who said Trump “fired before aiming” when he decided a blanket religious ban was a solution to the threat of terrorism.

Listen to former Sen. Larry Pressler, who said Trump’s plan reminded him of when Missouri Gov. Lilburn Boggs singled out Mormons in his infamous extermination order of 1838.

Or listen to your governor, who saw Trump’s statement as a reminder of President Rutherford B. Hayes’ attempt to limit Mormon immigration to America in 1879.

The Clinton op-ed gets at just how unusual the 2016 campaign has been. Four years after Romney, the first Mormon presidential nominee, won an astounding 72.6 percent of the vote there, the Democratic nominee is invoking Joseph Smith and Brigham Young in a pitch for Utah votes. And it doesn’t even sound that far-fetched at this point.

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How Unpopular Is Trump? Clinton Is Courting Mormon Voters in Utah Now.

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Yep, Obama Said the N-Word. Here Are the Other Candid Things He Said.

Mother Jones

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Appearing on comedian Marc Maron’s WTF podcast on Friday, President Obama shared his views on gun violence and racism in America—two topics that have been thrust to the forefront of a national conversation following the massacre in Charleston, South Carolina last week. The interview, which was posted online today, featured a number of candid moments for the president, including a rare moment in which he said “nigger” to underscore the reality that the country’s enduring legacy of racism is far from over.

“The legacy of slavery, Jim Crow, discrimination in almost every institution of our lives, you know, that casts a long shadow, and that’s still part of our DNA that’s passed on,” Obama said. “We are not cured of it and it’s not just a matter of it not being polite to say nigger in public. That’s not the measure of whether racism still exists or not. It’s not just a matter of overt discrimination.”

On the issue of gun violence, he expressed his continued frustration with how little legislative action has been taken on gun control.

“I have done this way too often,” he said. “During the course of my presidency, it feels as if a couple times a year, I end up having to speak to the country and to speak to a particular community about a devastating loss. The grieving that the country feels is real, the sympathy, the prioritizing, the comforting of the families, all that’s important. But I think part of the point that I wanted to make was that it’s not enough just to feel bad. There are actions that could be taken to make events like this less likely. And one of those actions we could take would be to enhance some basic, common sense gun safety laws—that by the way, the majority of gun owners support.”

In his remarks shortly after Dylann Storm, the suspected gunman who killed nine people in the Charleston church, was captured Thursday, the president said that most other advanced countries don’t see the kind of mass killings that have become all too familiar in America. He reiterated this point to Maron on Friday, telling him gun violence is “unique to our country.”

Listen to the incredible hour-long interview here.

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Yep, Obama Said the N-Word. Here Are the Other Candid Things He Said.

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Kids, Obama Is Going to Close Gitmo And This Time He Means It.

Mother Jones

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Scene: President Obama, driving slowly toward the White House, announces yet again that he wants to shut down the Guantanamo prison camp. A clamor erupts in the back seat.

Kids, I’ve already told you a million times—I’m going to close Guantanamo.

This time I mean it. And no bellyaching.

Listen, I know you don’t like it, but it’s time we behaved like civilized human beings.

I don’t care who started it. That doesn’t make it right.

Will you please quiet down? I can’t even hear my own executive order over all that racket!

I’m serious now. End of discussion.

Because I am your president, that’s why!

Don’t make me pull this prison camp over. Because I will.

Just wait until your next president hears about this. Hoo boy is she gonna be mad.

Keep it up and you won’t be extralegally detaining anyone for a solid month, mister!

We’ve been over the drone thing. When you’re a president you can do whatever you want with a drone.

Don’t you “habeas schmabeas” me, young lady!

That’s it! I am so drafting a new, even stronger statement as soon as we get home.

And stop asking if we’re there yet! We’ll end this War on Terror when we get there!

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Kids, Obama Is Going to Close Gitmo And This Time He Means It.

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Here Is "Stone Cold" Steve Austin’s Wonderful Defense of Gay Marriage

Mother Jones

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Hello. Good afternoon.

“Stone Cold” Steve Austin’s defense of gay marriage is filled with cursing and common sense. All in all, pretty great!

I don’t give a shit if two guys, two gals, guy-gal, whatever it is, I believe that any human being in America, or any human being in the goddamn world, that wants to be married, and if it’s same-sex, more power to ’em. What also chaps my ass, some of these churches, have the high horse that they get on and say, ‘We as a church do not believe in that.’ Which one of these motherfuckers talked to God, and God said that same-sex marriage was a no-can-do? Okay, so two cats can’t get married if they want to get married, but then a guy can go murder 14 people, molest five kids, then go to fucking prison, and accept God and He’s going to let him into heaven? After the fact that he did all that shit? See that’s all horseshit to me, that don’t jive with me.

Listen:

(via Deadspin)

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Here Is "Stone Cold" Steve Austin’s Wonderful Defense of Gay Marriage

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Seven Thousand Ways to Listen – Mark Nepo

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Seven Thousand Ways to Listen

Staying Close to What Is Sacred

Mark Nepo

Genre: Self-Improvement

Price: $11.99

Publish Date: October 9, 2012

Publisher: Atria Books

Seller: Simon and Schuster Digital Sales Inc.


MARK NEPO MOVED AND INSPIRED millions of people with his #1 New York Times bestseller The Book of Awakening, a spiritual daybook that draws on his awakening through cancer to offer life lessons from all the spiritual traditions. In his continuing exploration of the human journey, Nepo has been called “one of the finest spiritual guides of our time,” “a consummate storyteller,” and “an eloquent spiritual teacher.” In his latest book, he inquires into the endless ways we are asked to listen. Experiencing hearing loss himself, Nepo affirms that listening is one of the most mysterious, luminous, and challenging art forms on Earth: “Whatever difficulty you face, there are time-tried ways you can listen your way through. Because listening is the doorway to everything that matters. It enlivens the heart the way breathing enlivens the lungs. We listen to awaken our heart. We do this to stay vital and alive.” In Seven Thousand Ways to Listen , Nepo offers ancient and contemporary practices to help us stay close to what is sacred. In this beautifully written spiritual memoir, Nepo explores the transformational journey with his characteristic insight and grace. He unfolds the many gifts and challenges of deep listening as we are asked to reflect on the life we are given. A moving exploration of self and our relationship to others and the world around us, Seven Thousand Ways to Listen unpacks the many ways we are called to redefine ourselves and to name what is meaningful as we move through the changes that come from experience and aging and the challenge of surviving loss. Filled with questions to reflect on and discuss with others and meditations on how to return to what matters throughout the day, this enlightening book teaches us how to act wholeheartedly so we can inhabit the gifts we are born with and find the language of our own wisdom. Seven Thousand Ways to Listen weaves a tapestry of deep reflection, memoir, and meditation to create a remarkable guide on how to listen to life and live more fully.

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Oil company executive swears at analyst, tries to get recording off the internet

Oil company executive swears at analyst, tries to get recording off the internet

Encana is a Canadian oil and gas company that’s seen its share of troubles in recent years, as oil and gas companies are wont to do. One of its wells in Colorado exploded last August, killing a worker. In 2009, the EPA found evidence that its fracking fluid was contaminating water in Wyoming. In December, we learned that Encana has a permit from the EPA to do a little aquifer polluting, prompting a bit of blowback for both company and agency.

Encana executives, therefore, will be forgiven for feeling a little frustrated. They’re just trying to drill up oil and gas and sell it at a profit while letting your lungs and the atmosphere incur the cost of the pollution, is that so wrong? So when a reporter asked executives a question they found insulting, one responded more colorfully than would be generally recommended. From Reuters:

Encana Corp, Canada’s largest natural gas producer, apologized on Thursday because one of its executives cursed after an analyst asked about whether new Canadian investment rules would prohibit its takeover by foreign state-owned entities.

When asked the question by Canaccord Genuity analyst Phil Skolnick, interim CEO Clayton Woitas said: “The answer would be no.” Then, in a whispered comment that was clearly audible on a replay of the call, someone can be heard saying, “fucking asshole.”

The good folks at Boing Boing got ahold of audio of the comment in question.

Clearly the company is obsessed with gas-filled orifices.

A fuckin’ gashole in Pennsylvania.

Of course, oil company executives being what they are, Encana is now trying to have the clip removed from the internet. From The Globe and Mail:

Encana, in its request, says:

“Encana is the copyright owner of the Recording. It was expressly stated at the outset of the Conference Call that ‘this conference call may not be recorded or rebroadcast without the express consent of Encana Corporation’,” the letter states.

“The Recording has been posted without Encana’s consent. The unauthorized use of this Recording clearly constitutes copyright infringement. … Encana views this matter extremely seriously and requests that you respond to the undersigned on or before the close of business on Friday, February 22, 2013, failing which, Encana will have no other recourse but to take all actions as may be available to it to protect its proprietary rights.”

Ha ha, oh, Encana. Clearly modern technology is not your strong suit. Demanding a clip be removed from the internet is basically equivalent to standing on top of a mountain and screaming HEY INTERNET, LISTEN TO THIS. So: Hey, internet! Listen to this audio clip, conveniently embedded above!

And, in fact, that request is basically the only reason we wrote this post. You know what members of the media are like, after all. Fucking assholes.

Philip Bump writes about the news for Gristmill. He also uses Twitter a whole lot.

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Oil company executive swears at analyst, tries to get recording off the internet

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