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Keyword: collapse

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  • United Health to trim ACA exchanges to 'handful' of states (Largest US Insurer Exits on Huge Losses)

    04/19/2016 7:56:10 AM PDT · by xzins · 56 replies
    AP ^ | 19 Apr 16 | TOM MURPHY
    UnitedHealth, the nation's biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states next year after expanding to nearly three dozen for this year. CEO Stephen Hemsley said Tuesday that the company expects losses from its exchange business to total more than $1 billion for this year and last. He added that the company cannot continue to broadly serve the market created by the Affordable Care Act's coverage expansion due partly to the higher risk that comes with its customers. UnitedHealth Group Inc. said it now expects to lose $650 million this...
  • Overpass Project in Kolkata ‘Made Our Lives Hell’ for Years Before Collapse

    04/16/2016 6:58:48 AM PDT · by Tolerance Sucks Rocks · 9 replies
    The New York Times ^ | April 3, 2016 | ELLEN BARRY and HARI KUMAR
    KOLKATA, India — When Sonali Mehrotra realized that a hulking overpass would come within arm’s length of her third-floor balcony, she took refuge in black humor, telling relatives to look at the bright side: Instead of lugging suitcases up the stairs when they came to visit, they could toss them into a bedroom as they drove in from the airport. Anyway, work on the overpass occurred so sporadically — generally, when elections were coming — that a project originally promised in 18 months was unfinished after seven years. At this rate, she joked, the project might not be completed in...
  • World faces 'lost year' as policymakers sleepwalk towards fresh crisis, warns IMF

    04/13/2016 2:43:44 PM PDT · by SkyPilot · 2 replies
    The Telegraph ^ | 13 Apr 16 | Szu Ping Chan
    <p>The world is sleepwalking into a fresh crisis as investors start to lose faith in policymakers’ ability to revive the global economy, according to the International Monetary Fund.</p> <p>In its bluntest warning to date on the costs of policy inaction, the IMF said “financial and economic stagnation" could take hold unless governments prevented a "pernicious feedback loop of fragile confidence, weaker growth, low inflation and rising debt burdens" from forming.</p>
  • Donald Trump's Poll Numbers Collapse as General Election Looms

    04/01/2016 10:01:03 AM PDT · by Bubba_Leroy · 401 replies
    NBCNews.com ^ | BENJY SARLIN
    The bottom is dropping out for Donald Trump. While Trump was never popular outside of his loyal slice of GOP voters, a raft of new polls show his national position hitting new lows, including with groups that are supposed to form his base. America's widespread loathing for Trump puts further pressure on Republican delegates to deny him the nomination in July if he falls short of a majority, a move that would set off an ugly civil war but that some in the party believe would be necessary to stave off generational damage. A collection of recent surveys by Real...
  • Kolkata Overpass Collapse Leaves Dozens Dead or Injured

    03/31/2016 8:43:43 PM PDT · by Ray76 · 28 replies
    New York Times ^ | Mar 31, 2016 | Hari Kumar and Nida Najar
    Rescue teams in Kolkata, India, scrambled on Thursday to retrieve scores of people believed to be trapped under a partly constructed vehicle overpass that collapsed with a deafening blast around midday.
  • Market calm has eerie parallels to pre-swoon August

    03/24/2016 5:58:20 PM PDT · by SkyPilot · 10 replies
    CNBC ^ | 24 Mar 16 | Alex Rosenberg
    Stocks haven't done much in a while. Wednesday marked the eight-straight day that the S&P 500 had closed less than 1 percent above or below its prior closing price. Ominously, the last time the market staged this long a period of quiescence was in early August — shortly before stocks took a gut-wrenching tumble. Now, as then, "we are at a precarious position," Erin Gibbs of S&P Investment Advisory said Wednesday on CNBC's "Trading Nation." "We're trading at fairly high valuation and earnings growth doesn't look that good, so any big shocks — disappointment from China, any movement from the...
  • Global fears as markets lose faith in central banks

    03/06/2016 5:42:37 PM PST · by SkyPilot · 23 replies
    The Times ^ | 7 Mar 16 | Patrick Hosking, Financial Editor and Philip Aldrick, Economics Editor
    The global economy is heading for a storm as faith in policymakers dwindles, according to a stark warning from one of the world’s most respected financial institutions. The uneasy calm in financial markets last year has given way to turbulence, the Bank for International Settlements, known as the central bank for the world’s central banks, said in its latest quarterly report. Financial markets are losing faith in the healing power of central banks and their latest policy weapon - negative interest rates - to boost the world's main economies, the bank said.
  • A code violation and a housing crisis

    03/06/2016 9:18:16 AM PST · by artichokegrower · 17 replies
    Santa Cruz Sentinel ^ | 03/05/16 | Micah Posner
    The Sentinel has offered to let me publicly take responsibility for my recent building code violation. I appreciate that. Until very recently, I have had a tenant in a small room behind my house. Renting out this unit was not permitted under the city’s Building Code. As someone making rules about housing, I should not have been breaking the rules. This was a mistake. I am sorry.
  • Cold-Rolled Steel From China Slapped With 265% Anti-Dumping Duties

    03/04/2016 8:12:03 AM PST · by mac_truck · 43 replies
    Metal Miner ^ | 3/2/2016 | Jeff Yoders
    The Department of Commerce today announced its affirmative preliminary determinations in the anti-dumping duty investigations of imports of cold-rolled steel flat products from Brazil, China, India, Japan, South Korea, Russia, and the United Kingdom. In the Brazil investigation, mandatory respondent Companhia Siderurgica Nacional received a calculated preliminary dumping margin of 38.93%. The second mandatory respondent, Usiminas Siderurgicas de Minas Gerais, did not respond to all of Commerce’s requests for information, and therefore received a dumping margin based on adverse facts available. Usiminas and all other producers/exporters in Brazil also received a preliminary dumping margin of 38.93%. China Receives Heavy Duties...
  • Trump Tax Plan Will Bring Tremendous Movement of Capital and Labor Back to United States

    03/04/2016 1:33:47 PM PST · by detective · 10 replies
    Breitbart ^ | 4 Mar 2016 | John Hayward
    Economist, radio host, and CNBC senior contributor Larry Kudlow appeared on Breitbart News Daily Friday morning to discuss economic issues in the presidential race, including his support for Donald Trump’s economic platform, with some disagreement about the best way to handle unfair Chinese trade practices.
  • Fresh recession will cause eurozone collapse, warns Swiss bank

    03/02/2016 4:52:16 PM PST · by SkyPilot · 9 replies
    The Telegraph ^ | 2 Mar 16 | Mehreen Khan
    A recession in Europe could lead to the collapse of the eurozone, as the single currency would buckle under the political turmoil unleashed by a fresh downturn, a leading investment bank has warned. In a research note titled "Close to the edge", economists at Swiss bank Credit Suisse warned the fate of monetary union hangs in the balance if Europe's policymakers are unable to ward off another global slump and quell anti-euro populism. "The viability of the euro is contingent on the current recovery," said Peter Foley at Credit Suisse. "If the euro area were to relapse back into...
  • "The GOP Is On The Verge Of A Meltdown": Senior Republicans Threaten To Vote For Hillary

    02/29/2016 4:12:35 PM PST · by Enlightened1 · 165 replies
    Zero Hedge ^ | 02/29/16 | Tyler Durden
    With Donald Trump set for a yuuge victory in tomorrow's Super Tuesday slugfest - oddsmakers see 80% chance of Trump being the nominee - tensions are mounting dramatically within the Republican establishment. As The FT reports, many mainstream Republicans believe Mr Trump would struggle to beat Hillary Clinton and are urgently rallying around their man Rubio with some senior Republicans saying privately that they might consider voting for Mrs Clinton if Mr Trump were to end up as their party nominee as one conservative commentator exclaimed "we are on the verge of a real meltdown in the Republican party." Trump's...
  • Minister Elkin: PA will collapse - not 'if' but 'when'

    02/29/2016 1:26:42 AM PST · by Eleutheria5 · 8 replies
    Arutz Sheva ^ | 29/2/16 | Hezki Ezra
    Minister for Immigration and Jerusalem Affairs Ze'ev Elkin (Likud) gave a talk at Bar Ilan University this morning (Monday), in which he presented his approach to the challenges that will face Israel once Mahmoud Abbas no longer runs the Palestinian Authority. "The current wave of terror is a preview for the collapse of the PA. Most of the likely scenarios for the day after Abu Mazen [another name for Mahmoud Abbas] will lead to a lack of organized inheritance, to an internal fight for succession, to anarchy and the dismantling of the PA," he said. "The ones who will have...
  • The World's Biggest Banks May Very Well Grow Even Larger

    02/23/2016 7:11:16 PM PST · by Tolerance Sucks Rocks · 14 replies
    Fortune ^ | February 23, 2016 | Eleanor Bloxham
    Ever since the financial crisis, many outside the wealthy elite (sometimes referred to as populists) have argued that the largest banks are too big and too risky. Minneapolis Federal Reserve president Neel Kashkari recently echoed those beliefs.Yet if a new Federal Reserve proposal goes through, Wells Fargo and other large banks might get even bigger and riskier, adding billions to their balance sheets that could increase the banks’ risk profiles.The Federal Reserve says the proposal, which specifies the amount and kind of debt that systemically important large banks must hold, could help make sure that those banks can be wound...
  • Recession 2016: In Some States, A Very Deep Economic Downturn Has Already Arrived

    02/23/2016 2:39:12 PM PST · by SkyPilot · 21 replies
    Economic Collapse ^ | 22 Feb 16 | Michael Snyder
    Did you know that there are some U.S. states that have already officially fallen into recession? Economic activity all over the planet is in the process of slowing down, and there are some areas of the country that are really starting to feel the pain. In particular, any state that is heavily dependent on the energy industry is hurting right now. During the years immediately following the last recession, the energy industry was the primary engine for the growth of good paying jobs in America, but now that process is completely reversing. All over the U.S. energy companies are...
  • Central Banking Goes Negative

    02/18/2016 8:40:29 PM PST · by MtnClimber · 3 replies
    Project Syndicate ^ | 18 Feb, 2016 | STEPHEN S. ROACH
    NEW HAVEN - In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have been entrusted to manage. First came zero interest rates, then quantitative easing, and now negative interest rates - one futile attempt begetting another. Just as the first two gambits failed to gain meaningful economic traction in chronically weak recoveries, the shift to negative rates will only compound the risks of financial instability and set the stage for the next crisis. The adoption of negative interest rates - initially launched in Europe in 2014 and now embraced...
  • Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists

    02/16/2016 11:08:01 AM PST · by Trumpinator · 12 replies
    nbcnews.com ^ | Feb 16 2016, 9:34 am ET | Reuters
    Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists by Reuters Feb 16 2016, 9:34 am ET Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint OPEC and non-OPEC deal in 15 years, aimed at tackling a growing oversupply of crude and helping...
  • 'Look out, we are heading for a crash again', warns William White, the central banker (tr)

    The world is facing a new crisis caused by an explosion in debt. So warns William White, the central banker who famously predicted the crisis of 2008. As financial markets reeled last week and fears of a fresh recession or even banking crisis sparked panic, White was more than willing to issue yet another prophecy of doom. The world is now facing a crunch that could see a collapse in property prices, including those in London; a new global banking crisis; waves of cheap commodities savaging Western industrial centres; and the need for debts to be written off on a...
  • Questions grow over banks as profit warnings pile up

    02/11/2016 6:18:56 PM PST · by SkyPilot · 8 replies
    The Associated Press ^ | 11 Feb 16 | GREG KELLER
    PARIS (AP) -- Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings. France's Societe Generale became Thursday the latest bank to issue a confidence-shattering profit warning, which helped trigger a new sell-off in financial stocks. The bank saw its share price stumble 12 percent and major rivals like Deutsche Bank and UniCredit saw losses of nearly 10 percent. European banks are not the only ones to suffer. Japanese bank Mitsubishi Financial fell 7 percent on Thursday. In the U.S.,...
  • "I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb

    02/09/2016 4:33:25 PM PST · by SkyPilot · 14 replies
    Zero Hedge ^ | 9 Feb 16 | Tyler Durden
    "I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb: "When The Crunch Comes, Bank CEOs Lie" Following this morning's proclamation by Deutsche Bank co-CEO John Cryan that Germany's largest bank is "rock solid," David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago... "in my experience is that when the crunch comes, bank CEOs lie" Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming... "I don't trust Deutsche Bank. I don't trust what they're saying. And there's reason why the banks are being sold all across...
  • U.S. bank stocks and bonds clobbered by recession worry

    02/09/2016 4:31:58 AM PST · by EBH · 17 replies
    Yahoo Finance ^ | 2/9/2016 | Caroline Valetkevitch and Will Caiger-Smith
    NEW YORK (Reuters/IFR) - U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly.... Meanwhile, bonds issued by U.S. banks extended their decline, with the yield premium demanded by investors to hold these securities, rather than safer U.S. Treasury debt, climbing to the highest in three-and-a-half years, according to Bank of America Merrill Lynch Fixed Income Index data. "Investors' attitudes seem to be worsening relative to the likelihood of a global recession. I think that's what financials...
  • Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here

    02/08/2016 6:01:55 PM PST · by SkyPilot · 111 replies
    Economic Collapse ^ | 8 Feb 16 | Michael Snyder
    There is so much chaos going on that I don't even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let's start with Deutsche Bank. The stock of the most important bank in the "strongest economy in Europe" plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and...
  • Tea Party Revolts Against Obama’s Budget as Debt Exceeds $19 Trillion

    02/06/2016 7:08:26 PM PST · by Lorianne · 14 replies
    Fiscal Times ^ | 04 February 2016 | Eric Pianin
    n what appears to be an extraordinary snub of White House budget director Shaun Donovan, the Republican chairs of the House and Senate Budget Committees announced on Thursday they would not host Donovan’s testimony on President Obama’s final budget submission next week. Obama will unveil his fiscal 2017 budget request next Tuesday, just barely meeting the statutory deadline for submitting a new budget to Congress. But Senate Budget Committee Chair Mike Enzi (R-WY) and House Budget Committee chief Tom Price (R-GA) issued a joint statement tonight saying Donovan wasn’t welcome to testify because the administration wasn’t serious about addressing the...
  • Debt, defaults, and devaluations: why this market crash is like nothing we've seen before

    02/06/2016 6:42:17 AM PST · by SkyPilot · 61 replies
    The Telegraph ^ | 6 Feb 16 | Mehreen Khan,
    A pernicious cycle of collapsing commodities, corporate defaults, and currency wars loom over the global economy. Can anything stop it from unravelling? A global recession is on the way. This truism of economics holds at any point in which the world is not in the grips of a contraction. The real question is always when and how deep the upcoming downturn will be. "The crash will come, but it would be nice if it came two years from now", Thomas Thygesen, head of economics at SEB told over 200 commodity investors and analysts in London last month. His audience was...
  • Construction crane collapses in lower Manhattan, killing at least one person

    02/05/2016 6:40:07 AM PST · by SMGFan · 29 replies
    Daily news MSN ^ | February 5, 2016
    One person was killed and another was critically injured when a construction crane tumbled onto a Tribeca street Friday morning, officials said. The crane fell on a row of parked cars when it toppled over on Worth St. near Church St. about 8:30 a.m. as heavy snow fell onto the city. One person died at the scene, officials. A second person was trapped inside a vehicle and was freed by responding firefighters.
  • Venezuela is on the brink of a complete economic collapse

    01/29/2016 5:48:57 PM PST · by NRx · 62 replies
    WaPo ^ | 01-29-2016 | Matt O'Brien
    The only question now is whether Venezuela's government or economy will completely collapse first. The key word there is "completely." Both are well into their death throes. Indeed, Venezuela's ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it's hard to see that getting any better for them any time soon — or ever. Incumbents, after all, don't tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It's no wonder, then, that markets...
  • PETER SCHIFF: We're Going To Have An Economic Collapse And Negative Rates Before The Election

    01/29/2016 12:01:58 PM PST · by blam · 82 replies
    BI ^ | 1-29-2016 | Bob Bryan
    Bob BryanJanuary 29, 2016 Based on today's GDP release, it appears that the US economy is slowing but not near any sort of massive collapse. Peter Schiff begs to differ. The CEO and chief global strategist for Euro Pacific Capital, and noted perma-bear, said that serious economic destruction is just a few months away. "I think the Fed is going to have negative interest rates before the election because we're going to be in a serious recession," Schiff told Business Insider on Friday. In fact, Schiff said that we may already be in recession and this one is going to...
  • OPEC Economies On Their Last Legs

    01/28/2016 1:08:17 PM PST · by Citizen Zed · 15 replies
    oilprice.com ^ | 1-27-2016 | Euan Mearns
    In November 2014 the OPEC countries met in Vienna and agreed to keep pumping oil to maintain their market share rather than cut production to support the oil price. In a post written a month later I addressed the question of how these countries were positioned to withstand an extended period of low oil prices and high budget deficits. More than a year has now passed, so it's time to take a look at how they have done so far and to see what their actions presage for the future. Results to date: OPEC is known to have suffered economic...
  • Digital Currency: The Key Tool of 21st Century Monolithic Nanny State Tyranny

    01/28/2016 6:57:35 AM PST · by amorphous · 4 replies
    SurvivalBlog.com ^ | 28 Jan 2016
    Digital Currency: The Key Tool of 21st Century Monolithic Nanny State Tyranny   January 28, 2016 - 6:47 am | Current Events & Politics, Economics & Investing There has been talk of doing away with paper currency for several decades, but up until now that has mostly been idle conjecture and mostly bluster. Gradually, however, the building blocks of such a system have indeed been developed. These enabling technologies include: Credit cardsDebit cardsPostal metersCredit and debit card enabled pay phonesCredit and debit card enabled vending machinesCredit and debit card enabled “pay before you exit” parking garage kiosksGrocery and warehouse...
  • Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated

    01/25/2016 5:44:17 PM PST · by SkyPilot · 66 replies
    The Economic Collapse ^ | 25 Jan 16 | Michael Snyder
    We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the "real economy" consists of people making, selling and shipping stuff, then it is in incredibly bad shape. Here in the United States, the dismal economic numbers continue to stun all of the experts. For example, on Monday we learned that the Texas general business activity index just...
  • Saudis 'will not destroy the US shale industry'

    01/24/2016 11:17:44 PM PST · by Cincinatus' Wife · 34 replies
    The Telegraph ^ | January 24, 2016 | Ambrose Evans-Pritchard, International Business Editor, Davos
    "...Daniel Yergin, founder of IHS Cambridge Energy Research Associates, said it is impossible for OPEC to knock out the US shale industry though a war of attrition even if large numbers of frackers fall by the wayside over coming months. Mr Yergin said groups with deep pockets such as Blackstone and Carlyle will take over the infrastructure when the distressed assets are cheap enough, and bide their time until the oil cycle turns. "The management may change and the companies may change but the resources will still be there," he told the Daily Telegraph. "It takes $10bn and five to...
  • Recession Indicators Flashing Red

    01/24/2016 1:37:44 PM PST · by EBH · 29 replies
    Wall Street Journal ^ | 1/24/2016 | Josh Zumbrun
    successfully navigated, global growth could be derailed." Of the warning signs, the decline in U.S. industrial production has one of the best track records. The output from mines, factories and utilities has always begun to decline before recession strikes. "Manufacturing tends to lead the economic cycle and it tends to be an indicator of the swings," said Thomas Costerg, senior economist at Standard Chartered. "Manufacturing is struggling." A strong U.S. dollar and weak economies internationally are taking a toll. But unlike past declines in industrial production, today's decline has been driven primarily by the collapse in the oil industry. The...
  • 'Worse than 2007': Top banker warns of looming wave of worldwide bankruptcies

    01/20/2016 11:44:23 AM PST · by Roman_War_Criminal · 27 replies
    Business Insider ^ | 1/20/2016 | David Scutt
    The world's financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, according to a leading global banker. William White, chairman of the OECD's review committee and former chief economist of the Bank for International Settlements, suggests the stresses in the financial system are "worse than it was in 2007." Speaking with the UK Telegraph's Ambrose Evans-Pritchard before the start of the World Economic Forum in Davos, Switzerland, White warned that macroeconomic ammunition to fight further economic downturns was essentially "all used up."
  • Canadians Panic As Food Prices Soar On Collapsing Currency

    01/13/2016 4:11:35 PM PST · by Kartographer · 148 replies
    Zerohedge ^ | 1/13/16 | Tyler Durden
    The currency's decline is having a pronounced effect on Canadians' grocery bills. As Bloomberg reminds us, Canada imports around 80% of its fresh fruits and vegetables. When the loonie slides, prices for those good soar. "With lower-income households tending to spend a larger portion of income on food, this side effect of a soft currency brings them the most acute stress," Bloomberg continues. Of course with the layoffs piling up, you can expect more households to fall into the "lower-income" category where they will have to struggle to afford things like $3 cucumbers, $8 cauliflower, and $15 Frosted Flakes. Have...
  • When stripper wells are stripped away, oil may rise

    01/12/2016 12:57:29 PM PST · by thackney · 49 replies
    Midland Reporter-Telegram ^ | January 8, 2016 | Collin Eaton
    Crude oil has become so cheap it could speed the oil market to a recovery. U.S. crude plunged on Thursday to a 12-year low, an ominous milestone for Houston's oil hub, which already has shed thousands of jobs in the 19-month oil downturn. With crude now fetching less than $34 a barrel, about half the nation's scattered collection of 400,000 aging, nearly depleted wells may have to be shut in as their product becomes less valuable than their operating costs. Called stripper wells, these produce a negligible amount of oil individually but together account for about a tenth of U.S....
  • Tumbling oil trades below $30 a barrel for first time in 12 years

    01/12/2016 12:38:57 PM PST · by familyop · 13 replies
    Reuters, Yahoo News ^ | Jan 12, 2016 | Catherine Ngai
    NEW YORK (Reuters) - Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.
  • Half of US shale drillers may go bankrupt: Oppenheimer's Gheit

    01/11/2016 7:59:35 PM PST · by familyop · 18 replies
    CNBC ^ | Jan 11, 2016 | Tom DiChristopher
    Half of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, Fadel Gheit, said Monday...By then it will be too late for many marginal U.S. drillers, who must drill into and break up shale rock to release oil and gas through a process called hydraulic fracturing. Fracking is significantly more expensive than extracting oil from conventional wells.
  • This investor called the financial crisis - and is predicting market falls again

    01/07/2016 4:19:53 PM PST · by SkyPilot · 24 replies
    The Telegraph ^ | 7 Jan 16 | Kyle Caldwell
    Martin Gray, one of a handful of fund managers who made money during the financial crisis, is concerned global equity stock markets are ripe for a fall An investor who delivered a 12.3pc return for investors during the financial crisis despite global stock markets falls has said he is moving into cash again and "cannot help but feel bearish" about shares. Martin Gray, formerly of fund firm Miton but now running his own business, Coram Asset Management, is concerned that "overvalued" stock markets are ripe for a fall. Mr Gray's former fund, Miton Cautious Multi Asset, was one of just...
  • The Ghost Empire - Climate Change, Global Warming, Drought and Desertification

    06/09/2013 7:45:49 AM PDT · by blam · 16 replies
    TMO ^ | 6-9-2013 | Richard Mills
    The Ghost Empire - Climate Change, Global Warming, Drought and Desertification Commodities / Climate Change June 08, 2013 - 07:29 PM GMT By: Richard Mills Drought is a normal recurring feature of the climate in most parts of the world. It doesn’t get the attention of a tornado, hurricane or flood. Instead, it’s a slower and less obvious, a much quieter disaster creeping up on us unawares. Climate change is currently warming many regions, overall warmer temperatures increase the frequency and intensity of heat waves and droughts. We can prepare for some climate change consequences with public education, water conservation...
  • Be Prepared!

    12/26/2015 1:22:24 PM PST · by amorphous · 5 replies
    JSMineset.Com ^ | 26 Dec 2015 | Jim Sinclair
    JSMineset is an educational site which presents information throughout the year for your consideration. The information provided can be about precious metals, the markets, geopolitical events and other topics and articles of general information. Today, I would like to share with you an outline and some suggestions to consider about general emergency preparedness. We have written about getting out of the system (GOTS). Getting out completely isn't possible for most people. Whether you are in the system, and to what degree, and having precious metals isn't going to be enough to keep you safe in an emergency situation. Being prepared...
  • China’s Renminbi Is Approved by I.M.F. as a Main World Currency [Video behind link.]

    11/30/2015 12:48:55 PM PST · by familyop · 34 replies
    New York Times ^ | NOV. 30, 2015 | KEITH BRADSHER
    HONG KONG--The International Monetary Fund on Monday designated the Chinese renminbi as one of the world's elite currencies, a major milestone that underscores the country's rising financial and economic heft. The decision will help pave the way for broader use of the renminbi in trade and finance, securing China's standing as a global economic power. Just four other currencies--the dollar, the euro, the pound and the yen--have the I.M.F. designation...Many central banks follow this benchmark in building their reserves, which countries hold to help protect their economies in times of trouble. By adding the renminbi to this group, the I.M.F....
  • Global Trade In Freefall:

    11/04/2015 2:11:03 PM PST · by amorphous · 38 replies
    Zero Hedge ^ | 4 Oct 201 | Tyler
    Over the past year we have regularly contended that a far greater threat to the global economy than either corporate earnings, currency devaluations, rate cuts (or hikes), reserve outflow, or even the stock market, is the sudden, global trade crunch which has been deteriorating rapidly since late 2014 and has seen an even more dramatic drop off as 2015 is winding down. Actually, that is incorrect: global trade is merely a manifestation of the true state of the above listed items. ... We have in the past joked that the only thing that could possibly save the world from what...
  • Jeb Bush and his family 'are set to attend meeting that will consider the Republican 2016 hopeful's

    10/24/2015 2:07:14 PM PDT · by jimbo123 · 109 replies
    Daily Mail ^ | 10/24/15 | ZOE SZATHMARY
    Jeb Bush and his family 'are set to attend meeting that will consider the Republican 2016 hopeful's finances and his candidacy'. Republican presidential candidate Jeb Bush will reportedly be in Houston, Texas, for a finances meeting. CBS News reported that Bush, along with his brother and both of his parents, are going to be at the Sunday and Monday meeting. The website reported it is 'designed to assess where Bush's candidacy stands in the face of large-scale staff cutbacks and underwhelming poll numbers.'
  • Multiple injuries’ after massive scaffolding collapse in Houston

    A large amount of scaffolding collapsed Friday outside a building under construction in Houston, causing “multiple injuries,” a city agency said. Video from the scene showed piles of metal lying on the ground outside a roughly seven-story building. The collapsed scaffolding appeared to cover a large section of a city block. Houston’s Office of Emergency Management reported the injures from the collapse, which happened near the corner of Crawford and Preston streets — an area not far from Minute Maid Park, the home of Major League Baseball’s Houston Astros. People were urged to steer clear of the area so emergency...
  • Unusual happenings with inactive radio stations, signaling something big about to happen?

    10/15/2015 6:33:13 AM PDT · by Enlightened1 · 125 replies
    On SKYKING (8992 or 11175 kHz USB) a call sign called “COLLAPSE” which has not been heard since 2001 has just broadcasted 4 messages to numbered stations/units in the last few minutes. “FUXEBOX” and “Reykjavik,” have also broadcast in the last few days and they haven’t been heard since 1991 (collapse of the Soviet Union). “COLLAPSE” has sent 3 messages in the last few minutes. COLLAPSE message one: http://vocaroo.com/i/s1hGyA2GR6HI Collapse message Two: http://vocaroo.com/i/s1ETZ3l9fp0G Collapse message Three: http://vocaroo.com/i/s03ZI6ui70LY Message Four from “FLATTOP!” (ANOTHER STATION NOT HEARD IN YEARS!): http://vocaroo.com/i/s01smhgkyNDL We do not know what these codes mean, but it considered These...
  • Rand Paul: I Wouldn’t Be Doing ‘Dumbass Livestreaming’ if I Wasn’t Still Running

    10/14/2015 7:17:06 PM PDT · by cripplecreek · 42 replies
    Breitbart.com ^ | 14 Oct 2015 | Breitbart TV
    On Tuesday, Sen. Rand Paul, a candidate for the 2016 Republican presidential nomination, took some questions on a livestream about his campaign. One of the questions he fielded was one that was the third-most popular on Google, which was, “Is Rand Paul still running for president?” “Uh, I don’t know,” Paul replied. “Wouldn’t be doing this dumbass livestreaming if I weren’t. So yes, I still am running for president. Get over it.”
  • America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming…

    10/07/2015 10:20:56 AM PDT · by amorphous · 60 replies
    SHTF Plan ^ | 7 Oct 2015 | Mac Slavo
    A collapse is coming… but not as quickly as many are expecting. There are many people high up in the power structure who not only see an end to the dollar coming soon, but an economic collapse that could trigger the death of tens of millions of Americans – rendered vulnerable by the lack of services and the stopping of checks, and harmed by the resulting looting, starvation and violence that is likely to occur. According to an anonymous source who claims to have high level insider sources, everything from the power grid to the grocery store, to the government...
  • Stage backdrop COLLAPSES on Carly Fiorina in front of screaming crowd but she brushes it off...jokes

    09/27/2015 7:19:20 PM PDT · by sheikdetailfeather · 69 replies
    Daily Mail ^ | 9-27-2015 | Chris Pleasance
    Carly Fiorina narrowly escaped injury this evening after a stage backdrop collapsed on her during a campaign event in San Antonio, Texas. Fiorina, who is ranked third in the Republican Presidential nomination race alongside Marco Rubio, was taking part in a Q&A session for female business owners when the accident happened. Midway through the event at the Marriott Hotel, the stage backdrop, made up of curtains held in place with metal poles, dropped forward to cries from the crowd.
  • China shares lead losses in Asia on growth fears (Shanghai Composite loses 3.55% overnight)

    09/15/2015 2:41:29 AM PDT · by SkyPilot · 2 replies
    CNBC ^ | 15 Sep 15 | Staff
    <p>Chinese shares took another tumble on Tuesday amid persisting worries about the health of the world's second-biggest economy.</p> <p>Other bourses in the region also wobbled as cautious sentiment prevailed ahead of the Federal Reserve's highly-anticipated meeting, alongside other risk events such as a sudden leadership change down under.</p>
  • Hillary addresses a virtually empty room during campaign stop in Ohio

    09/10/2015 11:53:58 PM PDT · by InMemoriam · 27 replies
    Daily Mail ^ | September 10, 2015 | Wills Robinson
    Hillary Clinton made a campaign stop in the crucial swing state of Ohio on Thursday. But it seems the hall she spoke in was mostly empty. The Democratic presidential hopeful arrived in downtown Columbus to talk about women's issues, but only around 200 people showed up. The modest-sized ballroom was half empty for her event, with supporters herded into a cordoned-off area to give the impression of a packed crowd. While pictures taken at the 'Women for Hillary' event show her smiling and giving a thumbs up to those in the crowd, others, including The Washington Post's Karen Tumulty, captured...