Archive - Dec 25, 2015 - Story
Oil Bankruptcies Hit Highest Level Since Crisis And There's "More To Come", Fed Warns
Submitted by Tyler Durden on 12/25/2015 11:30 -0500"Oil and gas sector bankruptcies have reached quarterly levels last seen in the Great Recession. At least nine U.S. oil and gas companies, accounting for more than $2 billion in debt, have filed for bankruptcy so far in the fourth quarter."
'Dear Santa' - An Activist Hedge Fund Manager Addresses St. Nick's "One Long Party"
Submitted by Tyler Durden on 12/25/2015 10:48 -0500Dear Santa Claus, I am an activist investor in your company who has been infuriated for many years by your wilfully eccentric approach to capital allocation, pricing, brand strategy and supply chain management. Life at St Nicholas is one long party. Free food for your elves, who receive generous compensation to make bespoke, non-standardised products. Presents offered to anyone who writes you a begging letter and has been “good” according to some vague metric. Jingle bells, rides in one-horse open sleighs, eggnog cocktails: Oh, what fun you have with my money.
"Unstoppable" California Gas Leak Now Being Called Worst Catastrophe Since BP Spill
Submitted by Tyler Durden on 12/25/2015 10:12 -0500Since initially reporting on California's Alison Canyon gas leak, more details have emerged on the scale (and potential for no solution) of the problem... "the enormity of the Aliso Canyon gas leak cannot be overstated. Gas is escaping through a ruptured pipe more than 8,000 feet underground, and it shows no signs of stopping." Methane - a greenhouse gas 72 times more impactful in the atmosphere than carbon dioxide - has been leaking with force equivalent “to a volcanic eruption” for about two months now.
East Coast Celebrates Christmas With Warmest Weather On Record
Submitted by Tyler Durden on 12/25/2015 09:45 -0500It was just 10 months ago that Boston smashed its all time snowfall record, and the US was blanketed in freezing weather from west to east as the Polar Vortex unleashed cold air for the second year in a row. It was so cold, the GDP report for the winter period had to be double-seasonally adjusted as the sharp economic slowdown simply did not make sense otherwise. Fast forward to today when according to AccuWeather, the east coast is celebrating Christmas with the warmest weather on record.
"Secret" Documents Show ISIS May Be Flesh-Eating, Organ Harvesters, US Says
Submitted by Tyler Durden on 12/25/2015 09:03 -0500"The apostate's life and organs don't have to be respected and may be taken with impunity. A group of Islamic scholars have permitted, if necessary, one to kill the apostate in order to eat his flesh."
