I don’t advocate irresponsible environmental behavior, but I’m shaking my head. It’s seems that shareholders in the miners just get bent every time.

BP’s $20.8 Billion Gulf Spill Settlement Nets $15.3 Billion Tax Write-Off

The government’s $20.8 billion out-of-court settlement with BP would resolve the charges related to the Gulf Oil spill. You might assume a fine of this nature is serious enough not to be tax deductible. But BP should be able to write off the vast majority, a whopping $15.3 billion. The proposed deal designates only about one quarter, $5.5 billion, as a non-tax-deductible Clean Water Act penalty. BP can write off the natural resource damages payments, restoration, and reimbursement of government costs.

One big critic of the deal is U.S. Public Interest Research Group, which often rails against tax deductions claimed by corporate wrongdoers. U.S. Public Interest Research Group has asked the Justice Department to deny tax deductions for BP and other corporate defendants in the past. The organization has a research report here (link) on settlement deductions. But a change to the tax code may be needed to have the desired effect.

The present tax code allows businesses to deduct damages, even punitive damages. Restitution and other remedial payments are also fully deductible. Only certain fines or penalties are nondeductible. Even then, the rules are murky, and companies routinely deduct payments unless it is completely clear that they cannot. read article at Forbes

I’m not against the military training but there needs to be limits on their impact. Those acoustic experiments can really screw over the whales. How much is necessary?

In Major Shift, Obama Cancels US Troop Withdrawal From Afghanistan

As the old adage goes: if it ain’t broke, don’t fix it, and as the recent bombing of a Doctors Without Borders hospital in Kunduz clearly shows, the US military presence in Afghanistan is doing wonders for stability and security which is presumably why the Obama administration has just done a 180 on troop deployment in the country.

Under Obama’s previous plan, Washington would withdraw most of the 9,800 troops operating in the country by the end of next year, leaving a force of just 1,000.

Now, all 9,800 troops will remain for “most” of next year and 5,500 troops will remain in 2017.

more http://www.zerohedge.com/news/2015-10-15/major-shift-obama-cancels-us-troop-withdrawal-afghanistan

VW faces compulsory EU recall of up to 8 mln vehicles

http://finance.yahoo.com/news/germany-orders-recall-2-4-080809924.html

KOW (knock on wood)

10 day gold

Vote Vote

Chinese media: military must be ready to counter US in South China Sea

Chinese media criticised the US on Thursday for “ceaseless provocations” in the South China Sea, with Washington expected to soon send warships close to artificial islands Beijing has built in disputed waters.

An editorial in the Global Times, which is close to China’s ruling Communist party, condemned US “coercion”, adding: “China mustn’t tolerate rampant US violations of China’s adjacent waters and the skies over those expanding islands.”

It said China’s military should “be ready to launch countermeasures according to Washington’s level of provocation”.

Tensions have mounted since China transformed reefs in the area – also claimed by several neighbouring countries – into small islands capable of supporting military facilities, a move the US says threatens freedom of navigation.

Following a meeting of American and Australian officials on Tuesday, the US defense secretary, Ash Carter, warned Beijing that Washington would continue to send its military where international law allows, including the South China Sea.

The remarks were backed by the Australian foreign minister, Julie Bishop, who said the two countries were “on the same page”.

Senior officials in Washington have indicated that the US military could sail by these islands in the coming days or weeks.

The warship or ships would pass within the 19km (12-mile) territorial limit China claims around the structures, to demonstrate that US commanders do not recognise it.

Such a move, the Global Times suggested, could be a “breach of China’s bottom line”.

“If the US encroaches on China’s core interests, the Chinese military will stand up and use force to stop it,” the paper warned.

http://www.theguardian.com/world/2015/oct/15/chinese-media-military-must-be-ready-to-counter-us-in-south-china-sea

of the Clinton ,Wasserman(Handler)  symbiotic relationship  …stupid may go to Jail .(Remember Clinton was our first black President)….they didnt get “SLICK” ,but Hillary aint so protected anymore   ..The FBI may get her…Would they be able to flip Hillary  and get the Handler …wouldent that be a sight  !

WHITE KNIGHT  attorney Prosecutor  to FLIP the Stupid one and get the (Puppet Master “Handler”)..

That could be a Career Maker  for a good attorney….

Stealing School money mess with bribery and kickback  involving Black School Administrator going to jail and  The Mayor  Emmanuel pulling the puppets Strings ,He hired her,He approved the NO BID School contract …This is what happens when the Symbiotic relationship hits the FAN …..stupid goes to Jail……

The reason the Fed is having a problem explaining why they dont raise interest rates if Unemployment is at 5.1% is because its based on a LIE  just like Obama and Hillery  ..So the Fed lies too ! The unemployment rate is more like 20 % and that would explain why they dont do it.  Jeffery Lacker of Richmond Fed  is really stupid for advocation a raise unless he’s playing Politics and wants the economy to collapse so as to establish BLAME to Democrats   ….Which would mean the Fed is Political and in that case should be done away with….So the Money Changers(FED) have a problem of their own making.   Either way they lose credibility..  Either the unemployment rate is accurate and they should raise rates  or its not and they collapse the economy and they take the Blame …Why would the FED take a hit for a Black President  ..well its seams there is a symbiotic relationship going on between the TWO..   like I didnt know !  The Money Changers and the Blacks  who knew!?

How’s the hotel construction going? Got any new pics?

B2Gold says to restart operations at Nicaragua mine

http://finance.yahoo.com/news/b2gold-says-restart-operations-nicaragua-214612735.html

Orosur Mining: Fiscal Q1 2016 Results

http://finance.yahoo.com/news/orosur-mining-fiscal-q1-2016-060000158.html

Zimbabwe threatens to re-impose platinum tax if miners don’t process locally

http://finance.yahoo.com/news/zimbabwe-threatens-impose-platinum-tax-102123437.html

Alamos Consolidates Ownership of Lynn Lake Project With Acquisition of Carlisle Goldfields

http://finance.yahoo.com/news/alamos-consolidates-ownership-lynn-lake-110000275.html

Fortuna Reports Production of 1.7 Million Ounces of Silver and 10,963 Ounces of Gold for the Third Quarter 2015

http://finance.yahoo.com/news/fortuna-reports-production-1-7-110000815.html

SAS reports Q3 2015 production of 23,317 ounces of gold, and announces release date for Q3 2015 financial results and conference call

http://finance.yahoo.com/news/sas-reports-q3-2015-production-123000391.html

Argonaut Gold Announces Third Quarter 2015 Production of 28,876 Gold Equivalent Ounces

http://finance.yahoo.com/news/argonaut-gold-announces-third-quarter-123127620.html

Coffee fresh from the boiler….  The Milwaukee Road 261 doing the fall colors tour
http://www.railpictures.net/viewphoto.php?id=550159
http://railpictures.net/photo/550035

looks they the boyz are going to try to take us back below the 200 DMA

USD up pretty hard

Caught this over at Zerohedge.

Well, then my Pet Rocks will be right at home… when they hatch.