Daily Digest

Daily Digest 10/2 - China Buying Energy Resources, Foreclosure Fraud And Freeze, 50 Ways To Eat Sustainably

Saturday, October 2, 2010, 9:41 AM
  • Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis
  • Bank of America to Freeze Foreclosure Cases
  • Human Landscapes In Southwest Florida
  • Lone $4.1 Billion Sale Led to ‘Flash Crash’ in May
  • Germany Shocked by 'Disproportionate' Police Action in Stuttgart
  • The Tale Of The Asian Tiger
  • Fears of Chinese Land Grab As Beijing's Billions Buy Up Resources
  • What's Wrong With Our Food System
  • 50 Ways To Eat Sustainably: Resolutions Aren’t Just for January
  • More Schools Serving Students Locally Grown Food

Follow our steps to prepare for a world after peak oil, such as how to store & filter water

Economy

Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis (Davos)

This is Rep. Alan Grayson explaining the crisis of foreclosure fraud and how it links to the entire securitization chain of Wall Street.

Bank of America to Freeze Foreclosure Cases (jdargis)

Spokesmen for the bank said that they were uncertain how many cases the lender currently had in court. They provided no timeline or explanation for the freeze, saying only that the bank planned to eventually resubmit all the cases.

The moratorium is likely to further fuel the uproar over the foreclosure tactics of the big lenders, which continued to have political ramifications on Friday.

Human Landscapes In Southwest Florida (jdargis)

Boom and bust residential development has drastically affected parts of southwest Florida for decades now, and I spent some time (with the help of Google Earth), looking around the area. With permission from the fine folks at Google, here are a few glimpses at development in southwest Florida.

Lone $4.1 Billion Sale Led to ‘Flash Crash’ in May (jdargis)

In a long-awaited report on one of wildest days in Wall Street’s history, regulators said that the automated sale of a large block of futures by a mutual fund — not named in the report, but identified by officials as Waddell & Reed Financial, of Overland Park, Kan. — touched off a chain reaction of events on May 6. The Dow Jones industrial average plunged more than 600 points in a matter of minutes that day and then recovered in a blink.

Germany Shocked by 'Disproportionate' Police Action in Stuttgart (Regina F.)

The Stuttgart 21 project involves moving the city's main railway station underground and turning it from a terminus into a through station. The project is controversial partly because of its price tag -- it is slated to cost €4.1 billion ($5.38 billion) -- and because of the trees that will be cut down in the Schlossgarten park. There is also criticism that the project does not make sense from a transport point of view, as few main lines go through the city.

The Tale Of The Asian Tiger (Ilene)

Strong data boosted the Asian indexes overall with China’s PMI rising to 53.8 from 51.7 in August while India’s PMI pulled back slightly from 57.2 to 55.1 but that’s good as over 50 is expansion and 57.2 is running a little hot. Korean exports rose 17.2% in September, also a little too hot as their CPI topped 3.6% but mainly driven by food prices, which seems temporary. China’s upbeat PMI reading indicates that the negative impact of government measures to control the property market is probably waning, ING’s Mr. Condon said. This means China’s slowdown will probably be less abrupt than expected, especially in the fourth quarter.

Energy

Fears of Chinese Land Grab As Beijing's Billions Buy Up Resources (Adam T.)

State-owned Sinopec clinched the deal with Spain's Repsol yesterday to buy 40 per cent of its Brazilian business, giving China's largest oil company access to Repsol Brasil's estimated reserves of 1.2 billion barrels of oil and gas. The whopping price tag for Repsol Brasil – which values the company at nearly twice previous estimates – is a sign of China's willingness to pay whatever it takes to lock in its future energy supplies and avoid social unrest. It will give the company enough cash to develop all its current oil projects, including two fields in the Santos Basin.

Environment

What's Wrong With Our Food System (Mr. Fri)

11 year-old Birke Baehr spoke about "What's Wrong With Our Food System? And How Can We Make A Difference?" The world is ready to listen to what youth have to say. We need to hear their wisdom.

50 Ways To Eat Sustainably: Resolutions Aren’t Just for January (pinecarr)

In fact, some -- like resolving to be a truly eco-conscious eater -- are best undertaken during the summer, when fresh food is everywhere. There are a ton of little things you can do that have a huge impact.

More Schools Serving Students Locally Grown Food (pinecarr)

Hamilton College isn’t entirely dependent on local farmers. A student-run garden offers an opportunity for CSA (campus supported agriculture) for those who volunteer on the farm. Throughout the year, the garden has provided the dining hall with basil for 30 gallons of pesto, cucumbers for 40 gallons of pickles among other items.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

4 Comments

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
Re: Daily Digest 10/2 - China Buying Energy Resources, ...

wow this was really good imho.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/29_Ben_Davies.html

TerryJo's picture
TerryJo
Status: Member (Offline)
Joined: Jan 20 2011
Posts: 1
Re: Daily Digest 10/2 - China Buying Energy Resources, ...

All the rules have changed in the last couple of months. Lending banks are now being held accountable for the trap they set, borrowing money they didn't themselves have, while using loose and illegal practices in the process. The massive lawsuit against Wells Fargo / Wachovia, Indymac / OneWest bank, Citibank, Bank of America, JP Morgan Chase, GMAC..............can actually, not only put a stop to your foreclosure, but also pause your house payments with no loss to you............

https://sites.google.com/site/sueyourlendernow/

 

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Re: Daily Digest 10/2 - China Buying Energy Resources, ...

Last year ranked as the warmest year on record, together with 2005 and 1998. (ABC News: Timothy Marshall)

 

The UN's World Meteorological Organisation (WMO) has confirmed 2010 was the warmest year on record, verifying a "significant" long-term trend of global warming.

The trend also helped to melt Arctic sea ice cover to a record low for December last month, the WMO said in a statement.

Last year "ranked as the warmest year on record, together with 2005 and 1998," the WMO added, confirming preliminary findings released at the global climate conference early December that were based on a 10-month period.

"The 2010 data confirm the Earth's significant long-term warming trend," WMO secretary-general Michel Jarraud said.

"The 10 warmest years on record have all occurred since 1998."

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