"A bunch of scrolls written by sheepherders 2000 years ago to reassure themselves that they were important people, does not give you the right to go out and demand the rest of the world live like 2000-year old sheepherders!" -- Michael Rivero

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Wilmington's University and Whist Club quickly settled a lawsuit claiming that as the pandemic raged last summer, employees were made to work without pay and instructed to seek unemployment benefits from the state. 

The lawsuit, filed in federal court in January on behalf of two former managers at the club, was settled earlier this month.

The Organization of the Petroleum Exporting Countries (OPEC) will approve the complete return of Iran to the oil market, when sanctions against its oil industry are lifted, OPEC Secretary General Haitham Al Ghais said in an interview with Iranian agency Shana and the Iran Petroleum magazine.

"Indeed, we welcome the return of Iran’s oil production in the future, when sanctions are lifted. We look forward to that day," he said.

Al Ghais also noted that the oil market and demand for it are growing, adding that Iran is a responsible member of the organization.

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At the G7 summit in Hiroshima, much was talking about “de-risking” from China – which seems to be the new preferred terminology. The summit joint statement said:

“we are not decoupling or turning inwards. At the same time, we recognise that economic resilience requires de-risking and diversifying.”

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The Biden administration’s attempt to thaw U.S.-Chinese relations has hit a significant snag.

The Chinese government said Monday that it has declined a U.S. request for Defense Secretary Lloyd Austin to meet with his Chinese counterpart, Li Shangfu, after Beijing had said several times that no meeting will be forthcoming as long as Li remains under U.S. sanctions. 

Flare-Up Between Kurdistan And Iraq May Delay Oil Export Restart MikeRivero Tue, 05/30/2023 - 08:12

A flare-up between the regional government in Kurdistan and Baghdad has added risk for the resumption of oil flows from the northern Iraqi region.

Rudaw reports that the spike in tension followed amendments in relation to Kurdistan that the Iraq government had made to the federal budget last week. The Kurdish government slammed the changes as unconstitutional.

China has declined a request from the United States for a meeting between their defense chiefs in a new sign of strain between the powers.

The meeting was intended to take place at an annual security forum in Singapore this weekend before China refused the request, saying the U.S. was 'well aware' of the reasons behind the lack of military communication.

Speaker Kevin McCarthy hunkered down in a mostly desolate Capitol building on Monday to build support for his debt limit compromise, dogged by claims of promises he made to become speaker.

For days, the California Republican has said he could “get to yes” on House passage of a cross-party agreement to prevent the nation from defaulting on its $31.4 trillion in debt. Already, the task is appearing stickier than simply rounding up enough floor votes to pass the deal he struck over the weekend with President Joe Biden.

Kazakhstan And China Discuss Expanding Oil Pipelines MikeRivero Tue, 05/30/2023 - 07:35

Kazakhstan's state oil and gas firm KazMunayGas and China National Petroleum Corporation (CNPC) are discussing the possible expansion of two oil pipelines, KazMunayGas officials have told Russian news agency Interfax.

The Kenkiyak-Atyrau and Kenkiyak-Kumkol oil pipelines could see their throughput raised, which could lift the volumes of Kazakhstan's crude oil exports to China.