Daily Digest 1/19 - 22 Signs Point To Global Recession, 2 Missing In Nigeria Oil Rig Fire, Chinese Dragon To Unshackle Renmibi
- Twenty Two Signs Pointing To A Devastating Global Recession
- London Trader - Staggering Gold Demand Creating Shortages
- 'Uncertainty And Danger': World Bank Warns Of Downturn Worse Than 2008
- Activists push Philadelphia to recoup losses on interest-rate swaps
- Chinese Dragon To Unshackle Renminbi
- The Global Risks You Need To Freak Out About In 2012
- Chevron Nigeria oil rig fire: Two missing
- Investors: All You Need To Know About Iran, $200 Oil, and $6.00 Gas Prices
- Why Wind Power Doesn’t Live up to its Environmental Promises
- TSA to test its airport scanner operators for radiation exposure
- Do Experts Assess Risk Better than the General Public?
Investors are pulling money out of the stock market at a rapid pace right now. In fact, as an article posted on CNBC recently noted, investors pulled more money out of mutual funds than they put into mutual funds for 9 weeks in a row. Are there some people out there that are quietly repositioning their money for tough times ahead?
The demand for euro gold here in London is so intense it’s shocking to some of the players. This is what has left some market participants in the US wondering why the price of gold has risen along with the dollar. It’s because demand in the eurozone is unimaginably strong. The euro physical gold demand is off the charts and it is creating shortages for metal, in size, here in London.
Developing countries that have enjoyed relatively strong growth while the United States and Europe struggled might be hit hard, Lin said. He said they should line up financing in advance to cover budget deficits, review the health of their banks and emphasize spending on social safety nets.
Swaps "were heavily marketed" by bankers who stood to profit from the sales, Ward said. Schools and local governments that bought swaps were effectively betting on the future direction of U.S. interest rates. The banks helped the governments that bought swaps borrow money at competitive rates. But the swaps required that, if market interest rates fell below certain low levels, the governments had to pay the banks the difference. When interest rates fell instead of rising, governments owed millions.
Chinese consumers come from a different vantage point: afraid of inflation and limited in ability to invest abroad, the Chinese put much of their money into stocks, real estate, and precious metals. Of these choices, real estate has been most broadly embraced so far. We don’t doubt for a minute that Chinese real estate prices could plunge. However, we take exception to the conclusion that China is thus destined to suffer the same consequence as Spain or the U.S. When leverage is not employed, consumers may react to a drop in real estate prices similarly as they would to a drop in stock prices.
The World Economic Forum names a new financial crisis among the biggest impact risk of the year. Equally worrying is the threat of a water or food crisis.
Chevron Nigeria oil rig fire: Two missing (ScubaRoo)
The BBC's Mark Lobel in Lagos says residents heard a loud explosion as the KS Endeavor exploration rig was engulfed in flames.
A major build-up of gas pressure from drilling caused the explosion in the gas exploration well, according to the Nigeria's state run oil company.
Chevron says it is still investigating the cause of the incident.
Dr. Moors is an advisor to six of the world’s top 10 oil companies, including natural gas producers throughout Russia, the Caspian Basin, the Persian Gulf and North Africa. He also consults for high-level officials from the U.S., Russian, Kazakh, Bahamian, Iraqi and Kurdish governments on all things energy related.
n reality, the U.S. industrial wind business was rescued by Ken Lay and Enron with quick, low-risk profit as its core goal. As Gabriel Alonso, chief executive of Horizon Wind Energy LLC – one of America’s biggest wind developers, often reminds his employees … their goal isn’t to stage a renewable-energy revolution … “This is about making money!”
Critics of the TSA support the idea of testing TSA workers. But they continue to call on the TSA to perform independent studies of the full-body scanners to ensure that airline passengers are not being exposed to dangerous levels of radiation.
Scientists and experts have always tended to rate the risks associated with nuclear weapons proliferation as rather high, while the general public has always been much more concerned about catastrophic reactor accidents. Arguably, the empirical record of nuclear energy and nuclear weapons suggests that the public’s concerns have been better founded than those of scientists.
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