Headlines 

Hedge-Fund Investors Pour Into Oil as Firms Predict Surge to $80

Hedge funds investing in oil are luring capital at the fastest pace in more than a year. With crude climbing to levels not seen since 2014, commodity funds have recovered the client outflows they suffered last year. And if firms such as Saudi Arabia, the world’s biggest exporter, wants to push prices to $80 a barrel to help pay for the government’s policy agenda. Declining output in Venezuela and falling global inventories are also playing their part, as are the worsening tensions in Syria, which threaten to disrupt supply from…

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Odds and Ends 

Beto ORourke Wins Texas Senate Primary, Rolls Into Fight With Ted Cruz

Voters in Texas headed to the polls for the first primaries of the 2018 midterms on Tuesday, following record early voting turnout for Democrats. In the states 15 largest counties, almost 50,000 up 98 percent from the 2014 midterm cycle. Republican turnout was up just 16 percent. Yet still, the challenge for Democrats to make any gains in Texas will be daunting as Republicans made up ground in vote totals on primary day. Democrats have specifically targeted three House races in the Houston, San Antonio, and Dallas areas, where Hillary…

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Headlines 

Texas newspaper edits son’s same-sex marriage out of mother’s obituary

It wiped John completely off the picture like he didnt exist says Barry Giles as editor, a Baptist pastor, calls decision to delete ethical and lawful When Brenda Light died last month, her obituary in a small-town Texas newspaper included a wealth of biographical details. But one important family connection was missing the fact that her son is married to another man. The obituary submitted to the Olton Enterprise included the line Those left to cherish her memory include her son, Barry Giles, and his husband, John Gambill of Dallas.…

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Headlines 

The Democratic party is now publicly attacking progressive candidates | Lawrence Douglas

A liberal candidate for office is being maligned. The surprising twist? Its her own party that is funding the ads In their desperation to win back the House in the 2018 midterm elections, the Democrats have turned to eating their own. How else to make sense of the unhappy drama unfolding in Texas 7th congressional district? The district, which includes much of affluent west Houston, has a Republican incumbent named John Culberson, but was carried by Hillary Clinton in 2016. Culberson, a gun-loving, climate change-denying champion of Donald Trump, is…

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Headlines 

Days After Parkland, Its Business as Usual at a Florida Gun Show

It’s another week after another mass shooting in the U.S., and something finally feels different. In the days following the Feb. 14 school shooting in Parkland, Florida, that killed 17 students and faculty members, a vociferous movement of young people has risen up to say enough is enough. The generation that grew up in the wake of the 1999 carnage in Columbine is demanding new gun restrictions. The teenagers are adding a fresh voice to a gun control debate that has plodded, despite a number of high-profile massacres in the…

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Headlines 

California Could See the Return of $4 Gasoline by May

Motorists in California, the state with the most expensive gasoline, could see pump prices that begin with a 4 again as oil markets rally. Gasoline, which is currently averaging $3.30 a gallon in California, may reach $4 by Memorial Day, the traditional start of the demand-heavy summer driving season, according to Patrick DeHaan, head of petroleum analysis at Boston-based GasBuddy, which monitors fuel prices across the U.S. It would be the first time the state has seen $4 gasoline since July 2014. Pump prices, which include taxes, are already 47…

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Headlines 

Ray Dalio Says End of the SALT Deduction Will Further Divide the Nation

Billionaire legislation. The Senate bill mirrors the House legislation by calling for the repeal of state and local tax deductions, while allowing up to $10,000 for property tax deductions. According to a study by the Tax Policy Center, 7 percent of taxpayers would pay more tax in 2019, 10 percent in 2025, and 48 percent in 2027, compared to current law. On average in 2027, taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Tax Revenues On its face, ending so-called Read more about the…

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Headlines 

Typhoon Lan Poses a $35 Billion Threat to Japan in Worst Case

Typhoon Lan, which is forecast to strike near Tokyo early Monday morning, may cause an estimated $25 billion to $35 billion in damage, said Chuck Watson, a disaster modeler with Enki Research in Georgia. Lan is about 1,169 miles (1,881 kilometers) south of Tokyo with top winds of almost 150 miles per hour. That would make it the equivalent of a Category 4 hurricane on the five-step Saffir-Simpson scale, according to the

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Headlines 

Oils Biggest Rigs Head to the Junkyard

Ensco Plc brought its DS-4 drillship back from cold stack, but it wasn’t mothballed as long as Transocean’s rigs and was tied to a dock, allowing it access to more auxiliary power while parked.) With Pathfinder, and a cousin called the GSF Jack Ryan that’s also being scrapped after its Caribbean cold stacking, Transocean will never know for sure. The Vernier, Switzerland-based company declined to comment for this story. For Transocean and the others that went the cold-stacking route, “this has been a very painful process,” said Greg Lewis, an…

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Headlines 

The Making of a Millionaire and a Massacre

Five days after the deadliest mass shooting in modern American history, Jeremiah Cottle, ashen-faced and unshaven, looks toward the four flags by his company’s front gate in Moran, Texas. There’s the Lone Star State flag, the Stars and Stripes, a POW-MIA one, and another with the green-and-black logo of his company, Bump Fire managers told the court they’d hired subcontractors to make its bump stocks and that they had sold more than 2,000 in Texas alone, Slide Fire’s main market. In court, Slide Fire said Bump Fire’s price-cutting had cost…

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Headlines 

Trump Says Puerto Rico Has Thrown the Budget Out of Whack

President Donald Trump took measure of the widespread damage in Puerto Rico almost two weeks after Hurricane Maria, expressing concern about its impact on the federal budget as his administration finalizes a $29 billion disaster aid request covering a series of major storms. Trump paid a four-and-a-half-hour visit to the island Tuesday, greeting local officials and offering consolation to residents who have been without power and, in many cases, drinking water since the storm struck on Sept. 20. Some in Puerto Rico’s government already are estimating reconstruction costs will be…

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Headlines 

Houston dam begins to overspill as Harvey triggers unprecedented impact

We have never faced this before, we have uncertainty in how the water is going to react official says, as water levels in reservoirs threaten monitoring equipment A vital dam in suburban Houston that protects the central city began overspilling on Tuesday, and officials said the rainfall from Harvey is so unprecedented they do not know what

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Headlines 

Trump visited Texas and just HAD to talk about crowd size

"What a crowd, what a turnout."Image: JIM WATSON/AFP/Getty Images After all these months it’s still unclear whether or not Donald Trump knows he’s not on reality television. Since his inauguration the man has made his obsession with ratings and crowd size very clear, and on Tuesday when he visited Texas for a briefing on Tropical Storm Harvey relief efforts, he just couldn’t help himself from celebrating the really great press that came out of the storm. SEE ALSO: Hey, everyone, please shut up about Melania Trump’s shoes During the trip…

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Headlines 

Trump to visit Houston as storm death toll rises under ‘historic’ flooding

Up to 50in of rainfall expected as storm pours on to a city poorly prepared for inundation, prompting recommendation that residents should take to rooftops Donald Trump will visit Texas on Tuesday, the White House said as tropical storm Harvey brought intense rainfall that threatened historic flooding in Houston, freeways turning into rivers and water rushing into homes in Americas fourth-largest city. As coastal Texas cleaned up from Harvey, which made landfall as a Category 4 hurricane on Friday night before weakening, the storm shifted its attention inland. Amid predictions…

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Headlines 

Mexican laborer: we were told Texas ride that killed 10 would be air-conditioned

Adan Lalravega, who fainted during the sweltering ride in a tractor-trailer, describes hearing children begging for water: People were despairing Adan Lara Vega said he was told the $5,500 he was being charged to be smuggled into the United States would include an air-conditioned truck ride. Instead, the 27-year-old Mexican laborer climbed with his friends into a pitch-black, metal tractor-trailer compartment that lacked ventilation a deadly oven that would

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