Daily Digest 5/21 - Independent JP Morgan Investigation Needed, A Phone-Controlled Bicycle, Euro Policy Action Becoming Critical
- China Will Speed Up Approvals for Qualified Foreign Investors
- Global Markets Weekahead: Euro Zone Policy Action Becoming Critical
- Cracks are appearing in Europe's state-backed lenders
- The Need For An Independent Investigation Into JP Morgan Chase
- Baby Boomers Confound Experts With Their Housing Choices
- Ultra-Efficient Green Diesel to be Produced from Natural Oils and Animal Fats
- Audi Develops 50 Mph, Smartphone-Controlled Bicycle
- Illinois Department of Agriculture secretly destroys beekeeper's bees and 15 years of research proving Monsanto's Roundup kills bees
China will work to speed up approvals of qualified foreign institutional investors looking to buy into its domestic securities, as part of reforms aimed at adding depth to the country’s capital markets.
The now familiar European cycle of crisis followed by political action, temporary respite, then another crisis enters that crucial second stage next week when leaders of the 27-member European Union seek solutions in Brussels.
Financiers are becoming increasingly concerned that many taxpayer-backed borrowers are losing their ability to access private funding markets. The development raises the prospect of already heavily indebted eurozone national governments being forced to take on hundreds of billions of euros of additional debts.
“Cracks are appearing in the funding markets for these institutions. If you don’t like the sovereign risk, why would you take the risk of buying the debt of the institutions they support,” said one credit banker.
Hopefully, too-big-to-fail is not forever. The Federal Deposit Insurance Corporation is working on a mechanism that could conceivably allow that agency to handle the “failure” of a bank-holding company while protecting the creditors of operating subsidiaries – limiting the potential contagion effect.
One problem is that you cannot pigeonhole any age group. Too many “experts” seem to have made too many assumptions about boomers. Anecdotal evidence now suggests that boomers are delaying moving until the real estate market improves, and that many are changing their houses to remain longer than planned.
There are people who want to move to something smaller. There also are those who have no plans to move.
The technology which was jointly developed by UOP and Eni SpA can create a biofuel which has far higher performance levels than other biofuels or petroleum-based diesels. It has a cetane value (A measure of the combustion quality; the higher the value, the more efficient the combustion.) of 80 compared with the normal 40-60 of petroleum diesel.
Audi, the German automaker, has developed a bicycle concept that uses an electric motor to assist its rider in pedaling up to 50 Mph. Named the Wörthersee, the bike is made with carbon fiber and can be locked and disabled via an app on a smartphone. The concept has not yet been put into production. Video courtesy of Audi. (Source: Bloomberg)
Not only did Kivikko, as well as her colleague Eleanor Balson and superior Steven D. Chard, break the law by trespassing Ingram's property on numerous occasions without a warrant, but they also committed numerous crimes by stealing his hives and equipment and destroying pertinent evidence before a hearing, which Ingram believes may have ultimately been rooted in a deliberate conspiracy by the state to hide the truth about Roundup, and subsequently steal his most vibrant bees.
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