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James B. Gattoni To Succeed Henry H. Gerkens As Landstar CEO

PR Newswire

In President Barack Obama’s speech at the United Nations on Tuesday, he made the case for sustained American engagement in the Middle East:

“The danger for the world is that the United States, after a decade of war, rightly concerned about issues back home, and aware of the hostility that our engagement in the region has engendered throughout the Muslim World, may disengage, creating a vacuum of leadership that no other nation is ready to fill. I believe that would be a mistake. I believe America must remain engaged for our own security. I believe the world is better for it.”

When we look at Obama’s speech, the two biggest trends in American foreign policy are conspicuous by their absence. First, while Obama describes the need for sustained American engagement in the Middle East, the opposite is already on full display today — and Obama has contributed to this disengagement at almost every turn. In the 2012 election, only 5 percent of voters dubbed foreign policy as their priority. You needn’t look further than Obama’s decision to punt on Syria strikes in the face of withering domestic support. The failed G20 summit in St. Petersburg made it painfully clear that “a vacuum of leadership” is already the reality in our G-Zero world. The United States’ ability and leverage to drive outcomes in the Middle East is increasingly limited.

Second, the United States’ interest in redirecting that leverage from the Middle East towards Asia was nowhere to be found in the speech. Obama’s address was completely at odds with broader U.S. foreign policy as outlined by Secretary of State Hillary Clinton in Obama’s first term. The Hillary Doctrine involved a pivot to Asia, with an emphasis on engagement with China and its neighbors, as well as a push for economic statecraft: the utilization of economic policy to drive political outcomes. At the U.N., all of this was swept under the rug. Obama issued a clarion call for the global community to engage on the deepest Middle East security issues, discussing Iran at length (25 mentions), as well as Syria and its civil war (20) and the conflict between Israel and Palestine (15 and 11, respectively). Meanwhile, China was only mentioned once — and that was with regard to Iran — and no other East Asian nation was mentioned at all.

For as long as Hillary Clinton served as Secretary of State, her Asia-oriented doctrine filled the vacuum of Obama’s foreign policy. Obama adopting her doctrine was the closest he has yet come to establishing one of his own.

The Boeing 737 narrow-body jet has been certified in Europe and Israel for airport towing by the TaxiBot system developed by Israel Aerospace Industries (IAI) and its partners, the state-owned Israeli company said on Monday.

IAM Members Ratify New Labor Agreement For Middletown Works

PR Newswire

Union Dental Acquires Significant Additional Equity Investment in Drinkable Air

Lending platform Prosper continues to prosper with $25 million of new funding.

Prosper powers a peer-to-peer marketplace that connects people who need to borrow money with people who can lend it to them. This round follows closely on the heels of the last one — Prosper closed $20 million in January and has raised nearly $120 million in venture capital since its founding in 2006.

Since then, the peer-to-peer lending industry has gain major momentum, and this financing will fuel Prosper’s growth.

Traditionally, people take out loans with banks. Prosper cuts the banks out of this process by connecting people who want to invest money directly with people who want to borrow money. Borrowers list loan requests between $2,000 and $35,000. Individual lenders invest as little as $25 in each loan and earn returns of up to 9 percent.

Prosper has 1,960,000 members and has funded $630 million in personal loans to date.

RADNOR, Pa., May 21, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today announced that it will participate in five upcoming investor conferences.

PVA will participate in Brean Capital's 2014 Global Resources & Infrastructure Conference in New York on Wednesday, May 28, 2014. James W. Dean, Vice President, Corporate Development, will present an overview of PVA's operations, including a discussion of strategy and recent activities in investor meetings.

PVA will participate in RBC Capital Markets' Global Energy and Power Conference in New York on Monday, June 2, 2014 and Tuesday, June 3, 2014. Steven A. Hartman, Senior Vice President and Chief Financial Officer, will present an overview of PVA's operations, including a discussion of strategy and recent activities in investor meetings.

TORONTO, Oct. 14, 2014 (GLOBE NEWSWIRE) -- Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V:EOG) (NSX:EOG) is pleased to announce that, through its wholly-owned subsidiary, it has closed the previously announced farm out transaction with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc. ("Tullow"), including receiving all necessary Government of Namibia approvals, and the entering into an amended and restated joint operating agreement ("JOA") with Tullow, the National Petroleum Corporation of Namibia ("NAMCOR"), and Azimuth Namibia Ltd ("Azinam").

As described in the Company's news release dated July 17, 2014, the Company and Tullow have entered into a Farm-Out Agreement (the "Farm-Out Agreement"), pursuant to which Tullow agreed to acquire up to a 40% working interest in the Company's Cooper block (the "Block"). With the signing of the JOA, all of the conditions in the Farm-Out Agreement with respect to the initial transfer of a 25% working interest in the Block have been satisfied. Eco Atlantic expects to receive a contribution of its past costs in the amount of approximately CAD$1 million. Eco Atlantic now holds a 45% carried working interest in the Block, Azimuth holds a 20% working interest, NAMCOR holds a 10% carried working interest and Tullow holds a 25% working interest.

Gil Holzman, Chief Executive Officer of Eco Atlantic commented: "The successful closing of the farm-out transaction with Tullow Oil, and formalization of  the amended and restated JOA agreement with our partners Tullow, Azinam and NAMCOR on the Cooper Block,  is a very important milestone for Eco. We are pleased to satisfy our work program obligations ahead of time, and advance the exploration on the Block. We are confident that our focused exploration program on Cooper will continue to create value for our shareholders and stakeholders."

Italy's government, buoyed by a strong showing in European elections, is stepping up efforts to boost domestic oil and gas output as mounting tension in Russia and North Africa raises the spectre of disruption to energy imports.

Euro zone industrial output rebounded with a twice-as-strong as expected monthly rise in April thanks to energy and non-durable goods production, official data showed on Thursday, pointing to an acceleration of economic growth in the second quarter.