Why - after commodities - China is set to change the landscape on energy in the coming years
World Health Organization: Prolonged Exposure to Even LOW Level Radiation Increases the Risk of CancerSubmitted by George Washington on 10/29/2015 21:01 -0400
With Russia now in the driver's seat in terms of supplying crude to China, and with Iranian supply set to come back online with the lifting of economic sanctions, Saudi Arabia faces a serious threat to its dominance of the global oil market. Given the increased cooperation between Moscow and Tehran in Syria, it comes as no surprise that Ruusia and Iran are now in talks on some $40 billion in energy projects which the two countries say could lead to the formation of a new development bank.
- China's central bank cuts rates for sixth time since November (Reuters)
- Global stocks hit two-month high on dovish Draghi message (Reuters)
- $6.5 Billion in Energy Writedowns and We're Just Getting Started (BBG)
- Alphabet, formerly Google, sets share buyback, shares jump (Reuters)
- Hurricane Patricia, Stronger Than Katrina, Nears Mexico (BBG)
- TVA Cleared to Start First New U.S. Nuclear Power Plant in Nearly 20 Years (WSJ)
- ECB Haunted by Paradox as Draghi Weighs Risk of QE Signaling (BBG)
- At odds with Republicans, Hillary Clinton to testify on Benghazi (Reuters)
- House tees up conservative plans to raise debt limit (Hill)
- U.S., Russia to Meet at Syria Conference to Discuss Crisis (WSJ)
- Putin Gains Record Support Among Russians Over Syria, Poll Shows (BBG)
- China Plans 2020 Deadline for Dismantling Capital Controls (BBG)
- Nyrstar Drops the Most on Record as Mining Hit by Metal Rout (BBG)
For the biggest, and most criminal, cover up by a Japanese government in recent history, the irradiated chickens are coming home to roost and earlier today Japan finally acknowledged the first "possible casualty" from radiation at the wrecked Fukushima nuclear power plant, a worker who was diagnosed with cancer after the crisis broke out in 2011.
- Canada's Trudeau topples PM Harper in shock election win (Reuters)
- Where Canada’s Harper Hit Hurdles (WSJ)
- Pugnacious Trudeau Steps Out of Father's Shadow and Into Power (BBG)
- European Stocks Decline, Euro Rallies as ECB QE Optimism Fades (BBG)
- Valeant, Under Pressure About Price Increases, Plans Changes (WSJ)
- Syrian rebels say they receive more weapons for Aleppo battle (Reuters)
- China economic growth seen slowing despite policy easing (Reuters)
- FBI, Justice Department Investigating Daily Fantasy Sports Business Model (WSJ)
- Obama to slow pace of withdrawal of U.S. troops from Afghanistan (Reuters)
- Corporate America's Epic Debt Binge Leaves $119 Billion Hangover (BBG)
- Islamic State battles insurgents as Syria army prepares assault (Reuters)
- Why Hillary Clinton Can’t Win by Going After the NRA (BBG)
After several purported incursions into Turkish airspace by Russian fighter jets, Ankara is "irate" at Moscow and now, tensions over Syria threaten to undermine the two countries' energy relationship. Thus, the Nord Stream line to Germany - the capacity of which is set to double - has now become more important than ever for Gazprom.
With the "adult supervision" of US markets gone today as bond markets are closed for Columbus day, and the USDJPY tractor beam also missing with Japan also offline for Health and Sports day, stocks took their cues from China where speculation was rife that in lieu of cutting RRR, the PBOC has unleashed even more incremental QE by expanding its Collateral Asset Refinancing Program (CAR). Specifically, the central bank said this weekend it will expand a program allowing lenders to use loan assets as collateral for borrowing from the central bank, opening it up to nine more cities from the program's test in Shandong province and Guangdong. The new areas for the program include Beijing and Shanghai. According to some estimates released several trillions in liquidity into the market, and not only sent government bond futures to new highs, but pushed the Shanghai Composite up over 3% overnight.
The United States government deliberately hid “the worst nuclear disaster in U.S. history,” according to experts and an in-depth investigation by NBC4 Southern California. Whistleblowers have also come forward to expose the little-known catastrophe, which occurred north of Los Angeles in 1959 and leaked over 300 times the allowable amount of radiation into surrounding neighborhoods. That contamination is now linked to up to a 60% increase in cancer in the area, but the government still refuses to acknowledge its colossal mistake.
To the extent the memory of Fukushima had faded over the last several years, the "fallout" (no pun intended) from the nuclear-like blast that tore through an industrial complex at the Chinese port of Tianjin last month served to remind the world of how far-reaching and unpredictable the consequences can be when disaster strikes at a site that houses potentially toxic materials. Well, don’t look now but experts now say the No. 2 reactor at Fukushima may have suffered a complete meltdown.
"The capability to maintain continuous deterrent patrols is a big milestone for a nuclear power. Once deployed it will provide China with a capability to strike targets in the continental U.S."
- Fed is out so...BOJ brainstorms stimulus overhaul as options dwindle (Reuters)
- And... Yellen Pause Ups Pressure on Draghi as Global Pessimism Mounts (BBG)
- But... Eurozone Nears Limits of What Monetary Policy Can Do (WSJ)
- Global shares struggle on global growth concerns (Reuters)
- VW's Emissions Cheating Found by Curious Clean-Air Group (BBG)
- David Cameron allegedly fucked a dead pig's head (Mirror)
To comply with the 2005 Real ID Act, which the U.S. government has been slowly implementing for the past decade, citizens in a number of different U.S. states will now be forced to obtain a passport if they want to board an airplane - even for domestic flights.