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Fukushima May Be At Risk Of Imminent "Hydrogen Explosion"

Containers holding contaminated water at the crippled Fukushima nuclear power plant are at risk of hydrogen explosions, The Telegraph reports, with 10% of them found to be leaking. The discovery was reported to the Nuclear Regulation Authority (NRA), which raised concerns surrounding the potential hazards of accumulated hydrogen building up in the containers warning that "a spark caused by static electricity could cause a container to explode." TEPCO officials reassuringly note that they "think the possibility of an occurrence of hydrogen explosion from these storage facilities is extremely low, since there is no fire origin, or anything that generates static electricity nearby," but this is the same company that a recent IAEA report blasted for "failing to implement adequate safeguards at Fukushima – despite being aware of the tsunami risk."

 



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Why "Average Joe" Will Never Do Well In The Stock Market

Because "normal people" just do not think like this...



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The Coming Capital Controls Are Designed To Protect The Banks From You

If governments have proven anything to us over the last seven years, it is that they will do anything to keep the banks from going down.  If just 10% of people hit their breaking points and withdrew their money in cash - there wouldn’t be enough cash in the system to support this demand. And the banks would subsequently collapse. When a government is bankrupt, the central bank is nearly insolvent, the banking system is illiquid, and an entire population suffers from interest rates that are either negative or below the rate of inflation, capital controls are a foregone conclusion. In fact, we expect the next round of capital controls will be designed to protect the banks... from you.



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Primer For Indebted Students: Here Are Your Options

2015's heavily-indebted graduating class of college seniors has a lot of options. Not paying their loans is one of them. Read on...



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IRS Hacked: Government Admits 100,000 Taxpayers' Data Stolen

In an unprecedented move against a government agency, which we are just waiting to hear blamed on Russia, The IRS has admitted that its data has ben compromised...

*IRS SAYS THIEVES ACCESSED TAX INFORMATION ON 100,000 PAYERS, IRS'S KOSKINEN SAYS THERE WAS UNAUTHORIZED ACCESS FEB-MAY

One wonders if they found Lois Lerner's emails while they were in there?



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And Just Like That, Volume Is Back

Surprise!



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Chuck Norris Warns Washington On Jade Helm: "Don't Mess With Texas"

Even as some Republicans — including former Texas Governor and one-time Presidential hopeful Rick Perry — insist that a (re)annexation of Texas isn't in the cards, some observers including 'Texas Ranger' Chuck Norris aren't buying it and insist that at the end of the day, it all comes down to one thing: no one, not even Washington, messes with Texas.



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Meet The Man Responsible For Oklahoma's Earthquake Epidemic

Between 1974 and 2009 there were 62 magnitude 3.0 or stronger earthquakes in Oklahoma. In the past five years there have been 1,070 M3.0+ quakes. The chart of Oklahoma's quake surge correlates perfectly with the amount of wastewater injected into the state. And when it comes to Oklahoma's "induced seismicity" there is nobody more responsible for either Oklahoma's "shale miracle" or the resultant earthquake epidemic than David Chernicky, CEO of Tulsa-based New Dominion.



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"We're Living In A Make-Believe World" Biderman Warns "A Global Recession Is Inevitable"

"Right now, we’re living in a make believe world. Debt can’t be the main source of growth. Without a pick-up in final demand a lot of bad debts are out there. As long as you have excess capacity in the commodity production you have bad loans throughout the system. That means you have governments who can’t repay their debt without selling new loans and all their bad loans are funded by the central banks.... I think a global recession is inevitable...You just can’t devalue your way to prosperity. As long as the number of shares keeps declining, stock prices are going to go up and nobody cares [but] in the long term there has to be a major correction."



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"It's A Madhouse" - At Least 6 Dead, 12 Missing As Floods "Hammer" Texas & Oklahoma

"We got hammered," Houston's emergency management coordinator Rick Flanagan told CNN, and as the following stunning images show, that is an understatement. "We've seen flooding before, but not nearly to this extreme," said one resident, adding "It rains and it rains and it rains, and there's really nowhere for the water to go... It's ridiculous." Perhaps even more stunningly, as Mashable's Andrew Freeman notes, the floods have been a remarkable turn of events for a region that was still mired in drought as of three weeks ago. That drought, which had affected Texas since 2010, is now effectively over in most areas, as is a long-running drought in Oklahoma. Authorities are still searching for 12 members of two families who went missing over the weekend.



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Russia Tells France It Gives Up On Mistral Ship Deal

With French ministers crowing about their better-than-expected GDP data (+0.7%) as some trend reversal that heralds a revolution, it appears Vladimir Putin is about to put a dent in their hopes and dreams. As Sputnik News reports, Moscow has finally given up on the $1.3 billion deal for two Mistral-class helicopter carriers and plans to build its own. Even worse for France, now Russia will discuss only the sum that Paris should pay Russia for the failed contract. However, as with everything in the world, there may be aulterior motive, as China comes sniffing as a white knight for the amphibious vessels (at a reduced price) and then sells to its 'ally' Russia (who has already pocketed the contract cancellation fees).



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Do You Smell Smoke?

...or just see the mirrors...



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Today's Economic Data Enough To Push Q2 GDP By Whopping 0.1% To 0.8%

... at least according to the Atlanta Fed. Based on the one GDP model which hasn't lost all credibility and which for the past 3 months has captured the attention to wannabe weathermen and other Wall Street strategists, today's bevy of stronger than expected data, everything from Durable Goods, to core CapEx, to New Home Sales, to Case Shiller, to Consumer Confidence, and even the Richmond Fed was sufficient to push Q2 GDP... by 0.1% to 0.8%.



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