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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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Chevron profit falls 5.8% on lower refining margin : Report

Chevron Corp.'s third-quarter earnings slipped 5.8% as lower margins for refined products hit the company's downstream profits
Weak refining margins and profits have pressured many big oil companies' results in the latest quarter
Chevron, the second-largest U.S. oil company by market value, after Exxon Mobil Corp., said last month its third-quarter global oil and gas production would rise slightly from the year-ago quarter, but warned downstream earnings would be "significantly lower."
The latest period included about $276 million in foreign-exchange losses, compared with a loss of $293 million last year
Chevron reported a profit of $4.95 billion, or $2.57 a share, down from $5.25 billion, or $2.69 a share, a year earlier
Revenue edged up 0.8% to $58.5 billion
Analysts polled by Thomson Reuters had most recently forecast earnings of $2.71 a share on revenue of $58.41 billion
Exploration-and-production earnings slipped 0.9% to $5.09 billion
Global oil-equivalent production increased to 2.59 million barrels per day from 2.52 million barrels per day a year earlier, due to lower maintenance-related downtime at Tengizchevroil and project ramp-ups in the U.S., Nigeria and Angola
The profit from its refining, marketing and chemical operations, known as the downstream segment, fell 45% to $380 million due to lower margins on refined product sales and higher operating expenses
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