Rip-off By The Federal Reserve (Jim C.)
A mathematical analysis reveals the Fed operates a Ponzi scheme designed to inherently bankrupt the nation and steals the wealth of the nation.
Why This Slump Has Legs (PBD)
How do we know a ‘recovery’ is so far off it’s really no use to even talk about it? As I said, it’s easy. Let me lead this in with a graph I saw just today, which deals with a topic the Automatic Earth has covered a lot: marginal debt, or more precisely, the productivity/growth gained from each additional dollar of debt.
In recent years, comparative risk studies performed by EPA and its Science Advisory Board (SAB) have consistently ranked indoor air pollution among the top five environmental risks to public health. Good IAQ is an important component of a healthy indoor environment, and can help schools reach their primary goal of educating children.
Market Meltdown? Move Into Gold! (Tiffany D.)
There will be sectors that plummet, some stocks will fall to zero, while others will thrive, like the opportunity today — we may even see another bounce in the market before shares fall off the cliff.
But that’s exactly why I’m not recommending a typical blue-chip U.S. stock. Instead, we are going to go into one of the only safe havens during a market meltdown: gold.
Puerto Rico’s democracy at risk (thc0655)
The authority will also make “recommendations” on all the financial affairs of Puerto Rico — including all personnel salaries, firing of workers, reduction of pensions, elimination of services and the use of “alternative service delivery mechanisms, including privatization and commercialization.”
Ikea exec says we’ve hit ‘peak home furnishings’ (Uncletommy)
“Demand [for furniture and furnishings] has not really picked up as much as it could have due to the growing proportion of consumers renting rather than owning their own place,” said Ratna Sita to the Financial Times in the U.K., adding that they’re more frequently buying portable multi-use products, like sofa beds.
Klaus Schwab, the World Economic Forum’s founder and one of the best-connected men on the planet, is nonetheless using the forum’s website to urge the cadre of bankers, politicians, tech executives and trend makers to ponder “the fusion of technologies across the physical, digital and biological worlds, which is creating entirely new capabilities and dramatic impacts on political, social and economic systems.”
Brown points out that U.S. net crude oil imports for December 2015 grew from the previous December, according to the U.S. Energy Information Administration (EIA), the statistical arm of the U.S. Department of Energy. U.S. statistics for crude oil imports include condensate, but don’t break out condensate separately. Brown believes that with America already awash in condensate, almost all of those imports must have been crude oil proper.
High-sulfur grades are more expensive to refine and thus fetch lower prices at market. As Bloomberg goes on to note, “Enbridge stopped allowing high-sulfur crudes on its pipeline out of North Dakota in 2011, forcing North Dakota Sour producers to rely on more expensive transport such as trucks and trains [and] the price for Canadian bitumen — the thick, sticky substance at the center of the heated debate over TransCanada Corp.’s Keystone XL pipeline — fell to $8.35 last week, down from as much as $80 less than two years ago.”
Iron is a trace nutrient that is critical for photosynthesis. The Southern Ocean has low concentrations of dissolved iron compared to other oceans, leading to lower levels of carbon sequestration—approximately 10 percent of the global sequestration. However, scientists think that sources of iron can lead to elevated localized levels, which could dramatically increase carbon sequestration. The impact of these local changes on the overall carbon sequestration of the Southern Ocean is not well understood.
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