Oscar S. Wyatt Jr., a cunning and influential Texas oilman, has passed away at the age of 101, leaving behind a legacy of remarkable business deals, high-stakes diplomacy, and a conviction for corruption. Through his company, Coastal Corporation, Wyatt amassed billions of dollars in the energy sector, rubbing shoulders with presidents and dictators along the way.Born in 1921, Wyatt began his career in the oil and gas industry in the 1940s, eventually founding Coastal Corporation in 1955. Over the years, he grew the company into a major player in the energy sector, making savvy investments and forging strategic partnerships that yielded enormous profits.Wyatt's business acumen and charisma earned him a spot at the table with world leaders, including U.S. presidents and foreign dictators. He was known to have cultivated relationships with powerful figures, often using his charm and wealth to secure lucrative deals.However, Wyatt's success was not without controversy. In 2007, he was convicted of conspiring to pay kickbacks to the Iraqi government in exchange for oil contracts. The scandal, which involved the United Nations' Oil-for-Food program, led to a prison sentence and a tarnished reputation.Despite his later years being marred by scandal and imprisonment, Wyatt's impact on the energy industry and global politics cannot be overstated. He remained a significant figure in Texas and beyond, and his passing marks the end of an era for the state's oil and gas sector. Wyatt's remarkable life, marked by both brilliant business deals and ignominious scandal, serves as a testament to the complexities and contradictions of a bygone era.
In a significant escalation of violence in the Palestinian territory, Israel carried out its first airstrike in the West Bank in months, killing three militants affiliated with the Hamas militant group. The strike, which occurred on , was confirmed by a Hamas-allied militant group, marking a concerning uptick in fighting...
Brazil's domestically developed digital payment system, PIX, has taken the country by storm with its lightning-fast and fee-free transactions. However, the Trump administration has set its sights on this homegrown success story, claiming that it unfairly disadvantages American companies. Launched in 2020, PIX allows users to make instant payments using...
Gianni Infantino, the president of FIFA, the world governing body of soccer, has made headlines with his unexpected appearance at a recent summit on Gaza. The move has sparked curiosity, particularly given Infantino's tendency to rub shoulders with high-profile leaders, including US President Donald Trump, at events outside the sporting...
A coalition of organizations has filed a lawsuit challenging the Trump administration's recent decision to impose a hefty $100,000 fee on certain H-1B visa applications. The plaintiffs argue that this new fee will disproportionately harm a wide range of entities, including schools, hospitals, churches, and small businesses across the United...
In a move that will bring relief to many federal student loan borrowers, the cancellation of loans is set to resume for those enrolled in a specific income-driven repayment plan. The process had been stalled for most of the year, but borrowers who meet the eligibility criteria may start receiving...
The highly anticipated Consumer Price Index (CPI) report for September was finally released, albeit belatedly, due to the recent government shutdown. The data, which provides a comprehensive snapshot of inflation trends in the US economy, may reveal the early effects of President Trump's tariffs on a broad range of imported...