U.S. demand for coal has fallen in recent years and export has become ever more important to domestic coal producers. Asia is the obvious export target, but challenges abound.
Asia's exploding demand for methamphetamine has left them with a problem... too few cooks and not enough ingredients. As AFP reports, strong and growing demand for drugs in Asia is driving up global production of methamphetamine, with seizures in the region tripling in five years to record levels, a UN report below shows. China has had particularly severe problems, it said. In 2008, Chinese authorities seized six tonnes of methamphetamine. That figure soared to more than 16 tonnes in 2012, accounting for about 45 percent of total methamphetamine seizures for Asia that year, the UNODC said. The drug is often trafficked long distances, as we show below, adding the routes being used by drug sellers are becoming increasingly well-trodden. As demand rises, so production has increasingly shifted to Asia with 'Walter Whites' making bases in China, Myanmar, and the Philippinnes.
A one man douche squad...
Underappreciated risks to electronic bitcoin and all forms of investments and savings today, including gold, that are held electronically come in the form of modern warfare - involving as it does cyberwarfare and electromagnetic warfare. No electricity and no computer or internet access and you cannot access your savings, investments and money ...
As the price of meat continues to skyrocket, will it soon be considered a "luxury item" for most American families? This week we learned that the price of meat in the United States rose at the fastest pace in more than 10 years last month. This is really bad news if you like to eat meat. The truth is that the coming "meat crisis" is already here, and it looks like it is going to get a lot worse in the months ahead. Could rapidly rising food prices cause civil unrest in the United States eventually? It won't happen today, and it won't happen tomorrow, but some day it might. Meanwhile, you might want to start carving out a significantly larger portion of the family budget for food for the foreseeable future.
"The DEA doesn’t want the drug war to end,” said Nelson, when asked about a possible connection between the agency’s hatred of legal pot and its buddies in Sinaloa. “If it ends, they don’t get their toys and their budgets. Once it ends, they aren’t going to have the kind of influence in foreign government. I’m not a conspiracy theorist, but where there’s smoke there’s probably fire.”
“We’ve spent 1.3 trillion since 1972 on the drug war. What have we gotten for that? Drugs are cheaper and easier to get than ever before,”
However, the Mexican drug cartels have been bailed out by America’s drug warriors who have cracked down on prescription pain killers.
When The Head Of The European Central Bank Lies To Zero Hedge On The Record: Presenting Europe's "Plan Z"Submitted by Tyler Durden on 05/15/2014 15:16 -0400
We are happy to report that Zero Hedge is the first media outlet that Mario Draghi has very publicly, officially, and on the record, lied to. Because as we learned overnight, Europe most certainly had a "plan in place so that the markets don't basically collapse." Only it wasn't as Margio Draghi called it, Plan B. It was a different letter of the alphabet. Thanks to the FT's Peter Spiegel we now know that just over a year ago, in order to preserve the myth that Europe's power echelons are so "confident" with the Eurozone staying together they did not even consider a break up as a potential outcome, Draghi explicitly and on the record lied.
Presenting Europe's Plan Z.
When "new" GM emerged from bankruptcy, in addition to losing billions of taxpayer funds so the government can buy a few hundred thousand labor union votes, the narrative sold to the public is that the company is a new, and vastly improved version of the legacy monster that went bankrupt in 2009, and instead of worrying about its balance sheet, the company would have the freedom to innovate and impress new customers. However, following the recent spate of scandals rocking the "new" GM, the only thing that the bankruptcy appears to have done is pushed its litigation libailities into the pool of prepetition unsecured claims. As for the quality, well, not so much, which explains why recalls are now becoming a daily event such as the most recent one which as we learn today involves a whopping 3 million cars and trucks worldwide to fix five different safety problems that have triggered hundreds of complaints and some injuries, but no deaths. The bttom line: this most recent recall GM brings the total number of recalls for 2014 alone to 24 and includes 12.8 million vehicles worldwide,
- More than 20 dead, doctor says, as anti-China riots spread in Vietnam (Reuters)
- Russia's Gazprom plans Singapore stock exchange listing (Reuters)
- Inside Europe’s Plan Z (FT)
- Ukraine slides deeper toward war as Russia warns to vote (BBG)
- Fast-Food Protests Spread Overseas (NYT)
- BOJ Beat, Officials Could Upgrade Outlook for Capex (WSJ)
- Euro-Zone Economy Shows Weaker-Than -Expected Expansion (WSJ)
- Yahoo to YouTube Ads Spreading Viruses Rile Lawmakers (BBG)
- New York Times Ousts Jill Abramson as Executive Editor, Names Dean Baquet (BBG)
- NYT Publisher Said to Always Have Clashed With Abramson (BBG)
- Google gets take-down requests after European court ruling - source (Reuters)
There is something very, very wrong with the Albuquerque, New Mexico police department, and the citizens have just about had enough.
A bill passed in a House energy committee aims to amend the rules for cross-border energy projects, suggesting the political fight over Keystone XL is over.
This week markets are likely to focus on a few important data prints in DMs, including Philly Fed in the US (expect solid expansionary territory) and 1Q GDP releases in the Euro area (with upside risks). In DMs, the highlights of the week include [on Monday] Japan’s trade balance data and Australia business conditions; [on Tuesday] US retail sales, CPI in Italy and Sweden; [on Wednesday] US PPI, Euro area IP, CPI in France, Germany and Spain; [on Thursday] US Philly Fed, CPI, capacity utilization, Euro area and Japan GDP; and [on Friday] US Univ. of Michigan Confidence. In the US, we expect Philly Fed to print in solidly expansionary territory (at 14, similar to consensus) and to inaugurate what we call the active data period of the month. We also expect CPI inflation to print at 0.3% mom (similar to consensus), and core CPI inflation at 0.18% mom (slightly above consensus).
The US approach to the Russia/Ukraine situation reflects a serious misunderstanding of the situation. Russia has little choice but to try to raise the price of products it is selling, any way it can. It needs to cut out those who cannot afford its products, including the Ukraine. If Europe increasingly cannot afford its products, Russia needs to find customers who can afford them. There is little chance that the United States is going to be able to help Europe with its natural gas needs in any reasonable timeframe. Our best chance at keeping the global economy “working” for a little longer is to try to keep globalization working as best we can. This will likely require “making nice” to countries we are unhappy with, and putting up with what looks like aggression. Policymakers like to think that the US has more power than it really does, and like to encourage stories suggesting great power in the press. Unfortunately, these stories are not true; we need policymakers who understand our real situation
With the Biotech bubble busted and social media stocks slaughtered, it seems disappointment is spreading for the world's wealthy living off the fat of the Fed. As NY Times reports, on Wednesday, many in the art world converged upon Sotheby’s for the sales of Impressionist and modern art... but nearly a third of the art went unsold. The mediocre results followed an unexciting night at Christie’s on Tuesday and suggest that yet another central-bank-fueled excess-money-has-to-spill-out-of-our-silk-lined-pockets-somewhere trickle-down bubble is bursting. With Chinese property prices tumbling and PBOC cracking down on Macau money-laundering, it is perhaps no surprise that what demand Sotheby's saw was Asia buyers.