- Sydney Siege Sparks Muslim Call for Calm Amid Backlash Fear (BBG)
- Oil Spilling Over Into Central Bank Policy as Fed Enters Fray (BBG)
- Biggest LBO of 2014: BC Partners to acquire PetSmart for $8.7 billion (Reuters)
- Tremble algos: the SEC has hired... "QUANTS" (WSJ)
- When the bubble just isn't bubbly enough: There’s $1.7 Trillion Locked Out of China’s Stock Rally (BBG)
- Oil price slide roils emerging markets, yen rises (Reuters) - may want to hit F5 on that
- Libya Imposes Force Majeure on 2 Oil Ports After Clashes (BBG) ... and will resume production in days
- Amid Crisis, Pimco Steadies Itself (WSJ)
Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I have to question everything I’m told? Life would be much simpler and I could concentrate on more important things like the size of Kim Kardashian’s ass... The willfully ignorant masses, dumbed down by government education, lured into obesity by corporate toxic packaged sludge disguised as food products, manipulated, controlled and molded by an unseen governing class of rich men, and kept docile through never ending corporate media propaganda, are nothing but pawns to the arrogant sociopathic pricks pulling the wires in this corporate fascist empire of debt.
Deny it. Engage in all kinds of mental gymnastics to dismiss it if you must, but the fact is the US dollar is rising, and not just because of negative developments abroad, but positive economic developments in the US.
With the Fukushima disaster having disappeared from all media coverage in recent months (and with the plan to encapsulate the radioactive plant in an ice sarcophagus recently scrapped, Japan has still to reveal what its plans are for dealing with the disaster area), the world occasionally needs a reminder of the waste land that follow when nuclear power goes horribly wrong. For that we go back to the original nuclear disaster, Chernobyl, and US photographer Phillip Grossman who, while having taken numerous pictures of the radioactive sarcophagus and its surroundings in the past, has produced his most amazing work yet courtesy of a camera-equipped drone. It allowed him to use a high powered camera and get a bird’s eye view of the surrounding landscape. The stunning result is shown in the video below.
Several days ago we heard rumors, unsubstantiated, of an accident at Ukraine's Zaporozhye nuclear power plant, Europe's largest and the 5th biggest in the world. Considering Ukraine's history with nuclear accidents, and resultant panics, we decided it would be prudent to wait for an official confirmation before proceeding with a report. We got the confirmation about an hour ago, when Ukraine's new/old Prime Minister Arseny Yatseniuk, or "Yats" as his puppetmaster Victoria Nuland likes to call him, said "on Wednesday an accident had occurred at the Zaporizhye nuclear power plant (NPP) in south-east Ukraine and called on the energy minister to hold a news conference."
1. Heightened uncertainty over the achievability of fiscal deficit reduction goals and containing debt
2. Economic growth policy uncertainties and challenges in ending deflation
3. Erosion of policy effectiveness and credibility could undermine debt affordability
With President Obama proclaiming this morning "it's too early to tell" if a nuclear-deal with Iran is still possible; and apparent confirmation this afternoon that differences are "still significant," the US is said to be discussing extending the nuclear-deal deadline. Yet again no consequences (for a newfound 'ally') and yet again John Kerry finds himself purposeless... and now we hear Vladimir Putin will be calling Iran's Rouhani tomorrow (one can only imagine the topic of conversation).
Some of the major problems that humanity faces today transcend borders, and as such international cooperation is of vital importance. But recent events make such cooperation increasingly more challenging. Without going into the wisdom of the decision, sanctions imposed on Russia over its foreign policy in Ukraine have a wide range of implications that go much beyond the economic sphere. For one, international dialogue is breaking down fast; just this week Russian President Vladimir Putin unceremoniously left the G20 meeting early. Inevitably, this will have repercussions on major international cooperation initiatives, perhaps irreversibly in some cases. Here are a few notable examples...
If there were no puppet masters in Washington DC or the Kremlin, what would happen next week?
- Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
- Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
- Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
- Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
- Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
- Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
- Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
- Some unhappy Yahoo investors asking AOL for rescue (Reuters)
While no US Federal Agency sees fit to monitor ocean radioactivity in coastal waters, the Woods Hole Oceanographic Institute (WHOI) has taken on the task of keeping the information flowing in a world of 'promises' that everything will be ok. As WHOI reports this week, scientists have detected the presence of small amounts of radioactivity from the 2011 Fukushima Dai-ichi Nuclear Power Plant accident 100 miles (150 km) due west of Eureka, California.
With this year's APEC meeting in China having just barely concluded, where the biggest news was not the inability of the US to make any material headway in trans-Pacific trade (who needs trade when you have a printer?) or that China is "willing" to import even more NSA bugs courtesy of Cisco and Qualcomm, but Russia's second "western" mega gas deal with China, as well as the following photo-op of course and with the WSJ reporting that in the now year-old "nuclear"negotiations between the west and Iran, there has been no progress, it was once again Putin's turn to turn the screws on the lame duck president following a report moments ago that Russia inked a deal to build eight nuclear power units in Iran, as a new partnership agreement, guaranteed by the IAEA.
"Weakness, indecision and unreliability are terrible characteristics in a dangerous world. Strength does not mean bombing everyone. It means having capabilities, choosing one’s spots, and doing what you say you will do." The West might be war-weary, but the jihadis and other combatants in the Middle East are just getting started.
U.S. Ignoring Earthquake Risks to Nuclear Plants
Japan Reacts to Worsening Fukushima Disaster By ... Reopening Nuclear Plant Next to Active Volcano Which Is About to BlowSubmitted by George Washington on 10/29/2014 13:01 -0500