Vladimir Putin has said a war in Korea could be more devastating than the Chernobyl disaster as Pyongyang was warned against another nuclear test.
The Russian President said he was “worried about the escalation on the Korean peninsula, because we are neighbours”.
And Mr Putin, who also praised a US decision to postpone a planned missile test as part of efforts to reduce tensions, said he feared a situation worse than that [...]
A robust and self-sustaining U.S. recovery is not on the cards, and we should now expect below trend growth for many years to come, according to Nouriel Roubini, the economist famed for his bearish views.
Roubini, best-known for calling the 2008 economic crisis, outlined five reasons the bulls have been wrong and argued that an American economic cold will lead the rest of the world to catch pneumonia in a post [...]
U.S. stocks have risen in recent years, but mainly due to the Federal Reserve’s moves to stimulate the economy.
The Fed may move again to prop up the country and stave off recession, but results will be weak and stock prices will plummet when the monetary sugar rush ends, said New York University economist Nouriel Roubini.
Previous calls for U.S. gross domestic product growth of around 3% this year have been [...]
NYU economist Nouriel Roubini thinks the idea that economic growth in the U.S. will pick up in the second half of the year is a “fairy tale.”
In a new op-ed on Project Syndicate, Roubini discusses various reasons that growth will continue to slow and send the economy toward stall speed going forward.
One of those catalysts for a slowdown could be a plunge in stock prices, according to Roubini:
The gravity of weaker growth will [...]
From Mark Grant
We’re Not In Wonderland Anymore, Alice!
“You may call it ‘nonsense’ if you like,” she said, “but I’ve heard nonsense, compared with which that would be as sensible as a dictionary!”
-The Red Queen
Greece Through the Looking Glass
With all of the talk of Greece leaving the Eurozone and forfeiting the Euro as its currency; what if it does not? That, my friends, is now the question. The current estimation of [...]
Death of a Fairy Tale
By PAUL KRUGMAN
Published: April 26, 2012
This was the month the confidence fairy died.
For the past two years most policy makers in Europe and many politicians and pundits in America have been in thrall to a destructive economic doctrine. According to this doctrine, governments should respond to a severely depressed economy not the way the textbooks say they should — by spending more to offset falling private [...]
I’ve argued before that it is good to scare your kids, so it’s probably no surprise that I was excited to read in The Guardian that over 500 previously unpublished fairy tales have been discovered in Germany. Dating back to the 1800s, these stories were collected by historian Franz Xaver von Schönwerth, a contemporary of the Grimm brothers, and were recently reintroduced to the world by Oberpfalz cultural curator Erika Eichenseer who [...]
In a withering assault on the onshore wind turbine industry, the Duke said the farms were “a disgrace”.
He also criticised the industry’s reliance on subsidies from electricity customers, claimed wind farms would “never work” and accused people who support them of believing in a “fairy tale”.
The Duke’s comments will be seized upon by the burgeoning lobby who say wind farms are ruining the countryside and forcing up energy bills.
There are a whole lot of things about the U.S. economy that don’t make any sense whatsoever. Sadly, most adults have been so programmed to accept the way that things are by years and years of relentless propaganda that they don’t even bother to question the status quo any longer. But little kids are different. Many little kids are not afraid to say the darnedest [...]
A picture taken on July 8, displays a two-head Albino California Kingsnake at the terrarium of “Skazka” (Fairy tale) Zoo in the Crimean city of Yalta. The snake will be on display at the zoo until mid-September.
A snake with two heads, each able to think and eat separately and even steal food from each other, has become a popular attraction at a Ukrainian zoo.
The small [...]
Everything was great as the citizens of Bubbleville bought into the teachings of the great one called Greenslime. Greenslime was the great protector of Bubbleville and saved them from any pain with the pull of a lever and other assorted hocus pocus. Soon the citizens, believing that the prosperity was never ending, saved nothing and in fact borrowed from the never ending rise in their assets courtesy of Greenslime.
Then one [...]