Archive - Nov 17, 2014

Tyler Durden's picture

3 Billion Gallons Of Fracking Wastewater Pumped Into Clean California Aquifiers: "Errors Were Made" State Admits





Dear California readers: if you drank tapwater this morning (or at any point in the past few weeks/months), you may be in luck as you no longer need to buy oil to lubricate your engine: just use your blood, and think of the cost-savings. That's the good news. Also, the bad news, because as the California’s Department of Conservation’s Chief Deputy Director, Jason Marshall, told NBC Bay Area, California state officials allowed oil and gas companies to pump up to 3 billion gallons (call it 70 million barrels) of oil fracking-contaminated waste water into formerly clean aquifiers.

 

Tyler Durden's picture

GruberGate: "Senator" Obama Vs "President" Obama





If you like your Jon Gruber "brightest minds from academia, that I have stolen ideas from liberally", you can keep your Jon Gruber...

 

Tyler Durden's picture

America Truly Is Becoming A '1984' Society





If only George Orwell could see us today.  When he wrote “1984” back in 1948, he probably never imagined that the “totalitarian, bureaucratic world” that he imagined would ever actually become a reality.  But that is precisely what is happening. The control freaks that run our society are absolutely obsessed with watching, tracking, recording and monitoring virtually everything that we do.  We truly are becoming a “1984” society, and if we continue on the path that we are currently on eventually our world will be transformed into something more hellish than anything that George Orwell ever imagined.

 

Tyler Durden's picture

Modern Slavery: It's Not Just For Greek Teachers





While forcing citizens to work for no money may appeal to European policy-makers as a solution to their youth unemployment problem (as we discussed here and here), it is a problem that covers a stunning 35.8 million people in the world who are classified as slaves, according to the latest data.

 

Tyler Durden's picture

Fed Inflation Barometer Tumbles To Lowest Since 2008





Despite The Fed's Jim Bullard proclaiming last week that inflation expectations had rebounded (by which we assumed he meant the Dow), 5-year forward 5-year inflation expectations just dropped in the US to the lowest since 2008. The rest of the world is no better. In spite of promised and delivered policies Japanese and European inflation expectations are also near multi-year (if not all-time) lows... which must mean only one thing - we need moar money printing.

 

Tyler Durden's picture

Japan Goes Full Helicopter-Ben: Prints "Free Gift-Cards" To Spark Consumption





Since Ben Bernanke reminded the world of the existence of government printing-presses, echoed Milton Friedman's "helicopter drop" solution to fighting deflation, and decried Japan for not being as insane as it could be... it has only been a matter of time before some global central bank decided that the dropping of cash onto the populace was the key to economic recovery. Having blown their wad on QQE (and been left with a triple-dip recession), it appears Japan has reached that limit. As Japan's News47 reports, Prime Minister Shinzo Abe has instructed his cabinet to develop economic measures such as handing out 'gift certificates' to the poor to "support personal consumption directly."

 

Tyler Durden's picture

This Is What Taking An Exam In China Looks Like





How many teachers does it take to proctor 1200 students taking college exams simultaneously in Baoji, Shaanxi...

 

Tyler Durden's picture

It's Official, Obama Is 3 Times More "Folksy" Than Bush





... and 10 times more "folksy" than Clinton.

 

Tyler Durden's picture

Illinois Pension Debt Soars To $111 Billion





Pension debt in the Land of Lincoln is a big problem. So big, in fact, that it would take three years of a complete government shutdown, during which the entire general fund went toward pensions, just to break even. Illinois politicians have looted and mismanaged public-employee pension funds for decades. The system is no longer sustainable or affordable.

 

Tyler Durden's picture

Carl Icahn: "One Day You'll See A Break Like A Few Weeks Ago But The Market Won't Come Back"





It seems Carl Icahn will not be going activist on the S&P500 after all. During the Reuters Investment Outlook Summit in New York on Monday, the 78 year old billionaire said that "I am still concerned that one day you'll see a break like you had a few weeks ago but it won't come back."

 

George Washington's picture

Americans Still Have NO CLUE About How Much Inequality We Have





Politicians, Media and Wall Street May Be Trying to Hide the Size of the Gap

 

Tyler Durden's picture

Here Is Your "Global Recovery" In 24 Charts





No, this is not a joke.

 
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