Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
Next Chapter in the Great American Oil Bust
Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak.
“If prices stay low well into the latter […]
Sources: “Is Your Pension Courting Catastrophe? – Bloomberg View” http://www.bloombergview.com/articles… “Detroit attorney says pension cuts actually close to 50 percent – World Socialist Web Site” http://www.wsws.org/en/articles/2014/… “Public service unions not entitled to $28B pension surplus, says Supreme Court | Toronto Star” http://www.thestar.com/news/canada/20… “Portugal raids pension funds to meet deficit targets – Telegraph” http://www.telegraph.co.uk/finance/fi… “Hungarian savers say government is stealing their pensions | Reuters” http://www.reuters.com/article/2014/1… “Russia Seized Citizens Pension Funds. […]
By Michael Snyder
Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting. The current governing party, New Democracy, only has 28 percent of the […]
Today on The Janssen Report (#91): why have we allowed thin air to be a cashflow generating asset? This in essence what the banking system has created for itself: creating an interest-generating asset (= loans) by typing numbers in a computer.
With the Swiss National Bank unpegging the Franc from the Euro and Mario Draghi of the ECB announcing massive asset and bond buying at 60 billion euros a […]
Last October, IBM (IBM) chief executive Ginni Rometty vaguely hinted the company’s self-styled makeover to analytics, cloud, mobile and security specialist could mean yet another round of layoffs, following last year’s firing of 10,000 workers with another 1,700 shown the door in 2013.
But that was small potatoes compared to what might hit IBM next week amid one report the vendor is prepping to lay off what could amount to […]
— trutherbot (@trutherbot) January 20, 2015
Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China’s assertiveness in the region
Japan’s cabinet has approved the country’s largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China’s increasing assertiveness in the region. Prime Minister Shinzo Abe’s Cabinet endorsed on Wednesday a nearly […]
Chihuahua Snow http://www.jornada.unam.mx/ultimas/20… http://thecelestialconvergence.blogsp… Panhandle record snow Amarillo recorded 12 inches at the NWS office, which is near the airport. Some places in Amarillo recorded upwards of 15 inches. That broke the record for snowfall in Amarillo on Jan. 21. The previous record was for 4.9 inches that fell on that date in 1966. http://www.thepampanews.com/city/arti… Weather Channel forgets to mention record snow http://www.weather.com/storms/winter/… http://edition.cnn.com/2015/01/22/us/… Grand Canyon Snow http://globalnews.ca/news/1752291/pho… Tucson […]
This narrator makes an important point that I’m not sure has been stressed in other threads or the T.V. news. “Hurricane-force Winds” are expected with this storm and possible power-outages. Here is a great wind map for keeping a watch!
And this one is a good one as well–interactive.
If you are in the path of this Monster, you need to get READY ASAP! Check this out:
NEW YORK (CBSNewYork) — A teenage boy from Bushwick, Brooklyn has learned the hard way that you can’t just post anything you want on Facebook.
As CBS2’s Dave Carlin reported Friday evening, police said not just the words that Osiris Aristy posted, but also the digital cartoon images – or emoji – led to his arrest.
Police said Aristy, 17, posted what they call threatening and harassing content.
BY JOHN WARD
Prime Minister Tsipras faces a cold dawn of Monday reality
In a rapid (and smart) move that demonstrates both energy and planning, Alexis Tsipras is this morning 95% of the way into a Coalition with ANEL – better known in the West as the Independent Greeks. This is an anti-euro Party of right-wing Greek nationalists.
In going for this option, Tsipras shows that – unlike most on […]
The Russian military is putting the finishing touches to its very own heavy military UAV. The drone is part of a wider modernization effort, with the cutting-edge flagship S500 missile system coming in 2017.
The drone “already exists,” according to Russian Deputy Defense Minister Yury Borisov.
The heavy UAV, created in cooperation with the Federal Security Service (FSB), will perform “a variety of tactical, operational and strategic tasks,” said Borisov, […]
Leader of Greece’s Coalition of the Radical Left (Syriza) Alexis Tsipras described his party’s electoral victory as shared with all Europeans “who fight against austerity” at a speech in Athens on Sunday.
#BREAKING: Blizzard WARNING issued for NYC Tri-State area. #Juno http://t.co/tTR9f2aG9m pic.twitter.com/muQwC99qA3
— The Weather Channel (@weatherchannel) January 25, 2015
High impact winter storm to affect the region late tonight into Wednesday. #mewx http://t.co/3g8UgOHq5K pic.twitter.com/f6Nqq7yJ0V
— NWS Caribou (@NWSCaribou) January 26, 2015
Winter Storm Statements Note: This page will reload every 5 minutes. Warnings are listed with the most recent first within each state.
Watch the latest video at video.foxbusiness.com
Police State Stupidity: Guy Gets a DUI for Eating a Big Mac from McDonalds- He wasn’t Drunk nor on Drugs
Bob Schieffer: Obama WH Once Again “Blindsided” By World Events After Yemen Collapse (January 25, 2015)