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Danny Fortson



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1Vote!

The Financial Meltdown vs. the NBA's Return to Seattle

SuperSonicSoul, reacting to recent news from the governor's office in Washington: ... when the liberal governor of a left-wing state calls for a quarter-million reduction in health care expenditures and skips pay raises for teachers, even an out-of-shape Danny Fortson could stretch to the conclusion that it will be extremely difficult to get any arena proposals through the legislature this session....

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Oil Giants Itching To Invade Iraq

The Big Players Have Been Shut Out Since Nationalisation In 1972. Now They See Their Chance To Get In By Danny Fortson in Kurdistan December 28, 2008 Courtesy Of The Sunday Times (Noel Quidu/Gamma/Camera Press) On guard: security is important for oil companies in Kurdistan, even though the region was largely untouched by the insurgency THE residents of Shiwashok, a dusty village sprouting from the...

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Big bonus for total failure

Something is seriously out of whack in the way Big Business works. John Waples and Danny Fortson report in the (London) Times: Staff at Lehman’s New York office who helped to cause the world’s biggest corporate bankruptcy are to share in a $2.5 billion bonanza. The bonus, which has been described by London staff as a “scandal” [...]

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An ominous warning that the rapid rise in oil prices has only just begun

From the Independent (Hat Tip: Lucianne.com): By Danny Fortson, Business Correspondent The chief executive of the world’s largest energy company has issued the most dire warning yet about the soaring the price of oil, predicting that it will hit $250 per barrel “in the foreseeable future”. The forecast from Alexey Miller, the head of the Kremlin-owned gas giant [...]

1Vote!

Guaranteed NBA contracts prove all too costly

I'll tell you who should chip in to build a new arena for the Seattle SuperSonics. Jim McIlvaine. Calvin Booth. Jerome James. Vin Baker. Patrick Ewing. Kenny Anderson. Danny Fortson. Those and many others should cough up multiple millions as a performance rebate for money stolen while on the Sonics' payroll. read more

1Vote!

Another reminder, Lord Stern warns climate sitation dire

Another voice reminding us of how desperate the climate situation is. From the Independent: Stern warns that climate change is far worse than 2006 estimate By Danny Fortson Lord Stern, the economist whose report on climate change helped galvanise world leaders behind the green energy movement when it was published 18 months ago, has admitted that the situation [...]

1Vote!

The Independent: BP keeps staff off work in Russian visa row

By Danny Fortson, Business Correspondent Wednesday, 26 March 2008 Fresh doubts have surfaced about the security of BP’s business in Russia after its subsidiary TNK-BP told nearly 150 workers not to go to work after Russian authorities warned that their visas were no longer valid. The development is the latest in a string of worrying incidents to have [...]

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The Independent: Shell in Canadian tar sands push to halt falling output: ‘The opaque outlook will do little to reassure investors’

By Danny Fortson Tuesday, 18 March 2008 Royal Dutch Shell plans to quintuple production in the controversial Canadian tar sands in an attempt to halt falling production from resource nationalism and the drying up of old fields. At its annual strategy briefing in London yesterday, Europe’s largest oil company said that its net reserves stayed at 11.9 billion [...]

1Vote!

Yahoo!'s Move to Geneva Raises Fears About Britain's Tax Policy

By Danny Fortson Business Correspondent Fears of an exodus of major companies from Britain intensified yesterday after the internet search giant Yahoo! confirmed its decision to move its headquarters from London to Geneva.

1Vote!

The Independent: BP shrugs off global shortfall fears

By Danny Fortson Thursday, 28 February 2008 Tony Hayward, chief executive of BP, brushed off worries about the world's dwindling oil supplies yesterday by predicting that the company will be able to pump more than 4 million barrels per day through 2020, even if the oil giant doesn't make any new discoveries. Speaking at the company's annual strategy [...]

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Seattle’s Cosmopolitans Continue To Bait A Rich Oklahoman

From Supersonicsoul.com. Hey, if it's any consolation, a Danny Fortson mask for trick-or-treating in Oklahoma City would probably go over poorly, too.