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Keyword: collapse

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  • The continuing and non-existent collapse of Donald Trump

    08/24/2016 7:24:23 AM PDT · by Sean_Anthony · 18 replies
    Canada Free Press ^ | 08/24/16 | Dr. Steve Allen
    "Don't get cocky." That's the problem with lying to your opponents: Sometimes, you fall for your own lie [Continuing our series on deception and misdirection in politics and public policy.] Donald Trump’s continuing decline in the polls is a clear indicator that the GOP is facing disaster—that Trump will lose cataclysmically in November, perhaps becoming the first candidate to win a negative number of electoral votes, and that every other Republican on the ballot, from governors to U.S. Senators to Zika mosquito squashers, will perish in a landslide comparable to the Ruatoria debris avalanche off North Island, New Zealand, circa...
  • A lengthening crack is threatening to cause an Antarctic ice shelf to collapse (Larsen C Ice Shelf)

    08/22/2016 6:20:34 PM PDT · by NormsRevenge · 43 replies
    Yahoo ^ | 8/22/16 | Andrew Freedman - Mashable
    A large rift is widening across an increasingly fragile Antarctic ice shelf, scientists found. The crack is spreading across the Larsen C Ice Shelf at an increased rate, threatening to carve out an iceberg the size of Delaware while destabilizing a larger area of ice roughly the size of Scotland. When this iceberg calving event happens — no one knows exactly when it will occur, except that it's getting closer — it will be the largest calving event in Antarctica since 2000, the third-biggest ever recorded and the largest from this particular ice shelf, scientists say. About 10 to 12...
  • Pa. Turnpike wedded to toll hikes, mired in debt

    08/20/2016 8:06:18 PM PDT · by Tolerance Sucks Rocks · 35 replies
    The Lehigh Valley Express-Times ^ | July 31, 2016 | Express-Times Letter to the Editor
    Is it possible that a toll road could price itself right out of its market? That's essentially what the Pennsylvania Turnpike is prescribing for itself. Last week the Turnpike Commission informed us that tolls will go up a ninth consecutive year in 2017 — and stay on a steadily upward trajectory until 2044. And of course, there's no guarantee after that. By then, we can only hope, the turnpike will have morphed into a giant solar-powered car-train — for self-driving cars, of course. "Unsustainable" is an overused word these days, but it applies to the toll road's future. The turnpike...
  • Collapse Fatigue

    08/13/2016 4:54:49 AM PDT · by SkyPilot · 82 replies
    Zerohedge ^ | 12 Aug 16 | Mr. and Mrs. Cognitive Dissonance
    When we initially awaken and realize life is not what we were taught, inner alarms scream for our attention. Even though we can sense a danger we didn’t previously perceive, we cannot judge how close it is. There is no scale to measure proximity, only the palpable fear of a real and present danger. Naturally, most of us will desperately grasp for answers. How can this be? What does this mean? What do I do now? And who is to blame? We need answers! Or at least we think we do. As we search for answers, we find there is...
  • Nassim Taleb Warns The Biggest Black Swan Event Of All Is Coming

    08/11/2016 8:37:58 AM PDT · by blam · 59 replies
    TMO ^ | 8-11-2016 | Jeff Berwick
    Jeff BerwickAugust 11, 2016 We are at an incredible moment in history. US stock markets are at nominal all-time highs. Government bonds are at or near all-time highs. Yet, central banks worldwide sit at 0% interest rates or less because things are too precarious to even raise rates a paltry 0.25% for fear of collapsing the entire system. In “traditional” economics this makes no sense. But we are far out of “traditional” now… we are in the extreme end-stages of a collapsing system. When that happens, nothing makes sense from a traditional/normal perspective. In the third quarter of 2015, during...
  • BEWARE! America’s 2nd War for Independence has begun!

    07/31/2016 12:28:14 PM PDT · by HomerBohn · 45 replies
    Tea Party Email | 7/30/2016
    Know this: Sedition has infested our government and a diabolical scheme to commandeer America has been exposed. Our citizen-driven Republic is being turned into a totalitarian state right under our nose! What the Global Elitists can’t have they now seek to destroy. Think I’m kidding? Keep reading! BREXIT was the UK’s Tea Party. The UK figured out the Global Elitist’s secret weapon. They discovered that the use of uncontrolled migration was the kingpin to commandeer any nation… leaving it helpless in the face of the advancing hordes. Watch out! Just like the Global Elitists tightened their grip on the throats...
  • Chicago’s Collapse Has Begun

    07/13/2016 4:10:26 AM PDT · by detective · 70 replies
    American Thinker ^ | July 13, 2016 | Michael Bargo, Jr
    The city of Detroit, now famous as an economic disaster, began its decline when it lost jobs. This was accompanied by a loss of population, a rapid rise in poverty, increasing dependence upon federal entitlement programs and an unstoppable downward economic spiral. Puerto Rico is now undergoing an economic collapse sparked not by population loss but by excessive government spending. Chicago is in the same situation. Government overspending and over taxation comes first, population loss follows. Chicago is technically bankrupt. Its expenditures have exceeded its receipts for about ten years. All big rust belt cities in the Midwest, East, and...
  • A staggering percentage of Americans are too poor to shop

    07/08/2016 8:29:44 PM PDT · by dynachrome · 207 replies
    NY Post ^ | 7-6-16 | Lisa Fickenscher
    Retailers have blamed the weather, slow job growth and millennials for their poor results this past year, but a new study claims that more than 20 percent of Americans are simply too poor to shop. These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year and supporting two to four children — and exist largely under the radar, according to America’s Research Group, which has been tracking consumer shopping trends since 1979.
  • Markets around the world start freaking out

    06/23/2016 8:22:28 PM PDT · by Berlin_Freeper · 93 replies
    cnn.com ^ | June 23, 2016 | CNN
    With investors on razor's edge, markets around the world turned sharply negative as initial results from the British referendum on European Union membership showed a nail-bitingly close vote. The pound plunged to its lowest level since 1985 as results gave a narrow lead to the Leave campaign. Amid volatile trading, the British currency sank below $1.35 after earlier touching $1.50.
  • IMF warns the US over high poverty

    06/22/2016 3:48:05 PM PDT · by Ennis85 · 47 replies
    BBC news ^ | June 22th 2016 | BBC news
    The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work.
  • Why I Refuse To Apologize For My Son Wearing a Dress

    06/21/2016 7:47:02 PM PDT · by GuavaCheesePuff · 59 replies
    The Huffington Post ^ | June 20, 2016 | Martie Sirois
    Transgender: The American “hot button” du jour. Even as I type this article, Dr. Phil is on the TV in the background, interviewing a man who is sobbing over the pain he feels with his adult son transitioning to female. He feels that “someone has got him;” that “something has come over” his son. He absolutely cannot accept his son as anything other than male. He is shaking and seething as Dr. Phil says, “We’re going to soon meet ‘Steph’,” (the man’s trans daughter, who wishes to debut as her “authentic self” on national TV). Earlier today, Kathie Lee &...
  • “World’s First 24/7 Solar Power Plant Powers 75,000 Homes” for 3 hours per day.

    06/21/2016 11:11:48 AM PDT · by rktman · 31 replies
    wattsupwiththat.com ^ | 6/21/2016 | David Middleton
    While the production will almost certainly improve this summer, “SolarReserve’s Crescent Dunes Project in Tonopah, Nevada [isn’t even] quietly providing clean, green solar energy to 75,000 homes in the Silver State even when the sun [is] shining”… The average U.S. residential utility customer uses about 900 kWh per month. 75,000 homes * 900 KWh/month = 67,500,000 kWh/month = 67,500 MWh/month In its best month so far, Crescent Dunes generated 9,095 MWh… About 3 hours of electricity per day for 75,000 homes. This is the Venezuela version of 24/7 /SARC.
  • Singer Meat Loaf collapses during concert in Canada

    06/17/2016 6:44:33 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Jun 17, 2016 6:43 AM EDT
    Rock singer Meat Loaf collapsed on stage during a concert in Edmonton, Alberta, on Thursday night and was taken to a hospital in unknown condition. The 68-year-old had canceled two other concerts in recent days — in Moose Jaw on Saturday and in Calgary on Tuesday — citing ill health. A video of the performance at Edmonton’s Jubilee Auditorium showed the singer dropping his microphone and falling to the floor amid a performance of his classic “I’d Do Anything for Love (But I Won’t Do That).” Musicians went to his side to help, and the music eventually stopped. …
  • Nissan proposes ethanol for future fuel cell cars, to avoid hydrogen fueling

    06/16/2016 3:42:13 PM PDT · by jjotto · 23 replies
    Motor Authority ^ | June 15, 2016 | John Voelcker
    Electric cars are showing up all over the place, but hydrogen fuel-cell cars have lagged behind, with only three Asian makers committed to offering them in the U.S. That's partly because setting up a network of hydrogen stations to fuel them is slow and expensive. Now Nissan has a better idea. Rather than pumping hydrogen into the cars at very high pressure, the company proposes to offer a different kind of fuel-cell car — one that is filled with ethanol instead. That fuel, or an ethanol-and-water blend, is "reformed" to produce a supply of hydrogen on board the car itself....
  • GOP Agrees to Vote on Gun Control After 15-Hour Filibuster

    06/16/2016 10:26:03 AM PDT · by PROCON · 112 replies
    time.com ^ | June 16, 2016 | Justin Worland
    A nearly 15-hour filibuster led by Sen. Chris Murphy of Connecticut ended early Thursday morning after Republicans agreed to hold votes on gun control measures. The Senate will vote on a measure banning gun sales to people on the terrorist watch list and a provision requiring background checks at shows and over the internet. Republicans may also offer their own gun control measures. The filibuster comes just days after a shooting in Orlando that killed 49 people and wounded dozens others. Murphy, joined by most of his Democratic colleagues, recalled his own state’s loss of 27 people during the 2012...
  • Scientists Gather In San Diego To Talk About Global Warming

    06/16/2016 10:32:16 AM PDT · by Oldeconomybuyer · 23 replies
    KPBS ^ | June 15, 2016 | By Susan Murphy
    Scientists from San Diego and a dozen countries around the world are gathered at the University of San Diego this week to share their latest research. Among some of the major topics at the American Association for the Advancement of Science conference are climate change, heat waves and ocean acidification. Geophysicist Peter Ward, who worked for the U.S. Geological Survey for nearly three decades, discussed warming global temperatures during his Wednesday session. "There's a very interesting correlation between warming and volcanism at the end of the last ice age," Ward said. He said the past two years of record warmth...
  • Congress is Close to Drafting Our Daughters

    06/14/2016 10:31:01 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | June 14, 2016 | Phyllis Schlafly
    Ever since Donald Trump effectively won the Republican presidential nomination by decisively defeating Ted Cruz in the Indiana primary, Congressional Republicans led by House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell have engaged in unseemly public hand-wringing about whether they will or will not accept the people's choice. Unwilling to support the positions that Trump campaigned on -- reducing immigration, adopting a pro-American trade policy, and returning education to the local level -- Speaker Ryan dusted off his own policy agenda and promised to roll out a series of position papers to compete with those of the presumptive...
  • The left’s grand, green vision

    06/12/2016 3:55:48 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Washington Times ^ | June 5, 2016 | Stephen Moore
    Like a crazed serial killer, the liberal green groups are celebrating their “victory” of putting America’s major coal producers out of business — to say nothing of the tens of thousands of miners placed in unemployment lines. Several thousand more mining jobs were lost last month. Now to get their next homicidal high, the leftists have turned their ambitions on the oil and natural gas industries. Here is how the Sierra Club spokeswoman, Lena Moffit, explains the grand, green vision: “We have moved to a very clear and firm and vehement position of opposing gas. We oppose any new gas-fired...
  • You will be impotent/know the pain of pine needles in your guts Witches hexing of Stanford rapist

    06/10/2016 12:46:25 PM PDT · by Gamecock · 29 replies
    Daily Mail ^ | 8 June 2016 | | CHRIS PLEASANCE
    Thousands of witches angered by the lenient sentence given to Stanford rapist Brock Turner have performed a mass hexing after organizing online. As well as creating the event, Hexen posted instructions for the spellcasting ceremony online. Followers were told to get a black candle, piece of string, and a representation of Brock Turner, noting that the candle could be anointed with 'urine, menstrual blood or hexing oil'. Next, the hexers were told to draw a circle of power around themselves for protection - with salt being recommended as a good material - before marking 13 crosses on the candle and...
  • US unemployed have quit looking for jobs at a 'frightening' level: Survey

    06/08/2016 1:11:17 PM PDT · by 2ndDivisionVet · 24 replies
    CNBC ^ | June 8, 2016 | Jeff Cox
    Nearly half of unemployed Americans have quit looking for work, and the numbers are even worse for the long-term jobless, according to a poll released Wednesday that paints a grim picture of the labor market. Some 59 percent of those who have been out of work for two years or more say they have stopped looking, the Harris Poll of unemployed Americans showed. Overall, 43 percent of the jobless said they have given up, according to the poll released in conjunction with Express Employment Professionals, a job placement service. "This is a tale of two economies," Express CEO Bob Funk...
  • Robots will take over most jobs in the world by 2045

    06/06/2016 3:04:31 PM PDT · by plain talk · 87 replies
    The Economic Times ^ | Jun 6, 2016 | Techradar
    As we reach the middle of the 21st century, half the population of the world will lose their job to a machine. The latest comes from Moshe Vardi, professor at Rice University , Houston, who delivered a talk to the American Association for the Advancement of Science , exploring the question: "If machines are capable of doing almost any work humans can do, what will humans do?" Vardi reckons that half of workers across the globe will be replaced by machines within the next 30 years, wiping out middle-class jobs and "exacerbating inequality". He noted that robots would take over...
  • Time Enough for Collapse

    06/03/2016 12:48:34 PM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 06/03/16 | Douglas V. Gibbs
    Whether we've got the time, or not, we have to educate, and we have to implement the battle tactics of a republic - not that of a democracy. Otherwise, the period through which we reside in bondage may be fiercer, and longer in time “Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters.”—Benjamin Franklin “A well-instructed people alone can be permanently a free people.”—James Madison At a meeting of patriots I attended, where the attendees were the kind of people who desire to either reclaim the republic, or survive...
  • Boykin bounced: Fort Riley cancels Delta Force hero's prayer breakfast speech

    06/02/2016 3:46:50 PM PDT · by jazusamo · 37 replies
    Fox News ^ | June 2, 2016 | Todd Starnes
    A Kansas military base abruptly canceled an upcoming prayer breakfast that featured retired Lt. General Jerry Boykin after complaints were lodged that Boykin is anti-Muslim and anti-gay. Military Religious Freedom Foundation founder Mikey Weinstein told Army Times that Boykin’s invitation had caused great angst among soldiers at Fort Riley – leading some to break down in tears. “I have clients of ours weeping on the phone about this,” he said. Weeping? Oh, please. “I sincerely doubt that America can expect to win wars if the people who are tasked to do so are frightened by an old retired general with...
  • Now Japanese Prime Minister Abe Predicts Imminent Global Economic Catastrophe

    06/01/2016 4:52:33 PM PDT · by blam · 10 replies
    The Market Oracle ^ | 6-1-2016 | Jeff_Berwick
    Jun 01, 2016 Jeff Berwick We continue to report on important mainstream investors, professional and private, who have warned about an impending, global financial catastrophe. Now, add Japanese Prime Minister Shinzo Abe to that list. George Soros, Stanley Druckenmiller, and Carl Icahn among others have all made dire statements. They’ve also reconfigured their portfolios and taken positions in gold and silver and shorted the market. The latest to join this list of doomsayers is Japanese Prime Minister Abe. This past Thursday at the G7 meeting he warned about the upcoming global crisis. Abe was trying to generate support for global...
  • Alan Greenspan Warns That Venezuelan Style Martial Law Will Soon Come To The US

    05/31/2016 10:32:00 AM PDT · by blam · 70 replies
    The Market Oracle ^ | 5-31-2016 | Jeff_Berwick
    May 31, 2016 Jeff_Berwick It seems barely a day passes now without some big name person warning of imminent collapse. The latest is Alan Greenspan. In an interview on Thursday he told Fox News that Venezuela is now under martial law and that “America is next.” He said that what was happening in Venezuela was inevitably going to take place in the US. I agree with this. In fact, we said this exact thing just last week with our article, “Venezuela Descends Into Chaos… Europe and US Next.” Funny enough, a few brainwashed sheeple said we were crazy for saying...
  • The last time there were this many unsold $100M+ homes on the market, the world economy imploded

    05/30/2016 6:18:16 PM PDT · by SoFloFreeper · 48 replies
    boing boing.net ^ | 5/30/16 | Cory Doctorow
    Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. The glut of super-duper-ultra-luxury houses on the market worries economy-watchers, who view the oversupply as a bellwether for a housing crash -- the last glut (which wasn't nearly as pronounced as the current one) was in 2007/8.
  • Meet Your New Co-worker: The Robot

    05/27/2016 3:39:02 PM PDT · by nickcarraway · 24 replies
    Voice of America ^ | May 27, 2016 | Tina Trinh
    At the RoboUniverse expo in New York City, robots of all shapes and sizes were being put to work. Companies showed off automated machines designed to perform tasks that many humans would consider less than desirable. “There are certain tasks in our society… that will stay on and not be attractive for humans to do. And we cannot get rid of them if we want to live our lives in the usual fashion,” said Preben Hjørnet, founder and CEO of robotics startup Blue Workforce. “Robots have no conscience, no self-awareness, so they’ll never be social,” Hjørnet added, “But they don’t...
  • Janet Yellen says Fed could raise rates in coming months

    05/27/2016 4:16:45 PM PDT · by Olog-hai · 33 replies
    Associated Press ^ | May 27, 2016 4:08 PM EDT
    Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. While economic growth was relatively weak at the end of last year and beginning of this year, it appears to be picking up now based on recent data, Yellen said during a discussion at Harvard University. She said she expects the Fed to “gradually and cautiously increase” its key interest rate “and probably in the coming months, such a move would be appropriate.” …
  • Imagine No Possessions, Imagine Venezuela

    05/23/2016 4:36:47 PM PDT · by Clintonfatigued · 34 replies
    The Federalist ^ | May 20, 2016 | Robert Tracinski
    About the same time I was listening to those girls sing “Imagine,” this item came across my news feed: By morning, three newborns were already dead. The day had begun with the usual hazards: chronic shortages of antibiotics, intravenous solutions, even food. Then a blackout swept over the city, shutting down the respirators in the maternity ward. Doctors kept ailing infants alive by pumping air into their lungs by hand for hours. By nightfall, four more newborns had died. “The death of a baby is our daily bread,” said Dr. Osleidy Camejo, a surgeon in the nation’s capital, Caracas, referring...
  • What Does Maduro’s New State of Emergency Mean for Venezuela?

    05/20/2016 4:53:47 PM PDT · by fella · 11 replies
    Panam Post ^ | 17 May 2016 | Orlando Avendano
    Venezuelan President Grants Himself New List of Powers in Response to "Threats" Last Friday, May 13, the President of Venezuela Nicolás Maduro signed a new decree establishing an economic emergency that extended the original decree made in January 2016, but which included something called a “state of exception” this time around. The state of exception is intended to allow the government to take “exceptional” measures to control the country’s crisis, as well as to protect the Venezuelan people from whatever the government may consider a threat. But it’s still not clear what Maduro is going to do with such tremendous...
  • U.S. intelligence warns of Venezuela collapse (Socialism)

    05/13/2016 10:34:18 PM PDT · by Dallas59 · 18 replies
    LA Times ^ | 5/13/2013 | LA Times
    With dire shortages of basic goods, a looming foreign debt payment, horrific street crime and intransigent political divisions, Venezuela is in danger of collapsing into waves of deadly violence, U.S. intelligence officials warned Friday. Venezuela, which controls the world's largest reserves of crude oil, is in the throes of a potentially explosive political stalemate after opposition parties gained a majority in the national congress in elections late last year. President Nicolas Maduro, a leftist, faces a possible recall vote sponsored by the opposition that he is maneuvering to block.
  • 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.,...