- Global Stocks Bounce Back After Market Selloff; Asia Stumbles (WSJ)
- New Hampshire Bucks the Establishment to Back Trump and Sanders (BBG)
- Trump shows his U.S. presidential bid is no mere publicity stunt (Reuters)
- Clinton Is Outdone by a Competitor Once Considered a Fringe Candidate (WSJ)
- Deutsche Bank Jumps as Lender Said to Consider Bond Buyback (BBG)
- Bank Executives Leading Surge of Insider Buying Amid Stock Rout (BBG)
"It's a supply issue", "No, it's a demand issue" - when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what is causing it. Luckily, Obama may provide just the tiebreaker.
- Punxsutawney Phil Does Not see shadow, signifying an early spring (CBS)
- Front-Runners Give Ground as Rivals Make Mark in Iowa (WSJ)
- Republican Cruz bests Trump in Iowa race, Clinton edges out Sanders (Reuters)
- Iowa Narrows the Field (BBG)
- Global stocks snap winning streak as oil pressure returns (Reuters)
- ‘Dark Pool’ Settlements Bring Tangled Relationships to Light (WSJ)
- Global stocks, dollar struggle ahead of Fed as oil falters (Reuters)
- Bond Bulls Bank on Fed Mention of Market Chaos as Drag on Growth (BBG)
- Fees on Mutual Funds and ETFs Tumble Toward Zero (WSJ)
- China Climbs Back Up Janet Yellen's Worry List (BBG)
- The World’s Favorite New Tax Haven Is the United States (BBG)
- New Jersey Gov. Christie backs Atlantic City takeover plan (Reuters)
President Barack Obama’s final State of the Union address came up short of the facts on several topics. Obama apparently omitted part of his presidency in boasting of nearly 900,000 manufacturing jobs “in the past six years.” Over his entire time in office, manufacturing jobs have gone down by 230,000.
We apologize, but 2015 had so many negatives that we’re having trouble seeing the positives. It’s like we’re on the Titanic, and it’s tilting at an 85-degree angle with its propellers way up in the air, and we’re dangling over the cold Atlantic trying to tell ourselves: “At least there’s no waiting for the shuffleboard courts!” Are we saying that 2015 was the worst year ever? Are we saying it was worse than, for example, 1347, the year when the Bubonic Plague killed a large part of humanity? Yes, we are saying that.
Every year, Pew Research Center looks back at the most memorable facts that illustrate important trends shaping our world. From faltering faith in government to the decline of Christians in America and from increased racial tensions to the shrinking American middle-class, here are some of our most striking findings of 2015.
This Is Canada's Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks "And The Worst Is Yet To Come"Submitted by Tyler Durden on 12/23/2015 23:44 -0500
The news out of Canada - and especially out of Alberta, the heart of the country's oil patch - has just gone from disturbing to downright terrifying.
It's grim up north... and getting grimmer. Amid soaring suicide rates, Canada's once-booming oil patch is rapidly accelerating its downward trajectory. "Canadians should be concerned in times like these," warned Tim McMillan, president and chief executive of the Canadian Association of Petroleum Producers, noting that the oil and gas sector will see 100,000 job losses by the end of this year. Apart from the protracted price declines, Alberta’s oil and gas sector has also had to contend with a 20 per cent hike in corporate taxes, increased provincial royalties, a carbon tax and new regulatory policies to limit rein in carbon emissions... and now a new competitot from US exports.
If ecological panic is the primary trigger of collapse, war and industrialized death, the elites escape all blame. They are the ones, after all, trying to “save us” from ourselves by introducing carbon emissions controls, not to mention the idea of population controls. Global warming becomes a catch-all bogeyman, a Frankenstein monstrosity created by humanity and plaguing humanity. Those who deny the existence of global warming or who question the legitimacy of its high priests (climate scientists) are not exercising their right to skepticism; they are contributing to inevitable genocide. Therefore, climate denial would have to be punished by governments, as climate scientists have been publicly suggesting.
"It's a fraud really, a fake," says James Hansen rubbing his head. The former NASA Scientist, considered the father of global awareness of climate change, exclaimed "It's just bullshit for them to say: 'We'll have a 2C warming target and then try to do a little better every five years.' It's just worthless words. There is no action, just promises. As long as fossil fuels appear to be the cheapest fuels out there, they will be continued to be burned."
"Mission Accomplished?" Amid failure after failure for President Obama's 'legacy' policies, Americans can rest assured that the "historic" signing of today's climate accord will be spun in its most positive, "see, I saved the world from its greatest threat" awesomeness, despite, as we detailed earlier, the utter farce of it all.
World Leaders Just Agreed To A "Historic" Climate Accord... Which Is Non-Binding And Has No Enforcement LanguageSubmitted by Tyler Durden on 12/12/2015 14:58 -0500
Great news! The "greatest threat to future generations of the world" has apparently been solved. World leaders Saturday adopted an historic international climate accord in Paris, the first-ever agreement to commit almost every country to fight climate change. However, as we knew all along and just got confirmation, the 31-page pact does not have binding language or a mechanism to force countries to live up to the promises to cut greenhouse gases.
After days of hazardous pollution forced people to wear masks and huddle indoors, residents of Beijing turned their attention to the mayor, Wang Anshun, and his bold vow last year to clear the air. As JapanTimes reports, Wang said, if pollution wasn’t brought under control by 2017, he would cut off his own head and present it to the country’s leadership. So, imagine his relief, when after pollution levels hit 20x WHO's risk limit, a cold front - as caught on tape below - swept away the choking smog (and saved his neck).
Obviously, oil, gas, and coal companies are not going away (at least those not near bankruptcy), but low prices are not the only existential threat facing the industry. The political movement to act on climate change is picking up steam, and the legal case against ExxonMobil perfectly illustrates that growing threat.