• Daily Digest

    Daily Digest – 1/25 – Coronavirus fears weigh on global equity markets, Chinese city stops outbound flights, trains

    by Daily Digest

    Saturday, January 25, 2020, 12:38 PM

Economy

Coronavirus fears weigh on global equity markets (Thomas R.)

The biggest tumble in Chinese stocks in more than eight months led global equity markets lower on Thursday as concern mounted about the coronavirus outbreak in China.

“Ultimately, the coronavirus is a slow-burning but important story for markets that is likely to last for months rather than just a few days,” said TD Securities’ European head of currency strategy, Ned Rumpeltin.

At least 22 dead, more than 1,200 injured in Turkey earthquake (Thomas R.)

At least 22 people died and hundreds injured in eastern Turkey after an earthquake rattled the region on Friday evening, according to authorities.

The 6.7-magnitude quake struck near the town of Sivrice, in eastern Elazig province, collapsing at least 10 buildings, Turkish Interior Minister Sulyman Soylu said.

A high-security lab in ground zero Wuhan could hold key to cure Coronavirus (Sparky1)

As the central Chinese city of Wuhan grapples with a previously unknown strain of virus and is on the verge of getting physically sealed from the outside world, ironically, the top laboratory in China equipped to find a cure for it lies right in the middle of the city’s 11 million population.

Gangsters are stashing knives in playgrounds to get round stop an search (Thomas R.)

Gangsters are stashing knives, guns and drugs in children’s playgrounds in order to circumvent the increase in stop and search, a senior police officer has said.

Officers in north London recovered a terrifying haul of eight lethal blades, including a Samurai sword style knife, during three routine weapons sweeps earlier this week.

Democratic White House contender Gabbard sues Hillary Clinton for ‘Russian asset’ comment (Thomas R.)

Democratic presidential contender Tulsi Gabbard sued Hillary Clinton for defamation on Wednesday, seeking at least $50 million in damages for harming her reputation by suggesting last year that one of the party’s White House contenders was a “Russian asset.”

Chinese city stops outbound flights, trains to fight deadly new virus (Thomas R.)

Chinese state media say the city of Wuhan is shutting down outbound flights and trains as the country battles the spread of a new virus that has sickened hundreds and killed 17.

The official Xinhua News Agency said Thursday that the city also asked people not to leave Wuhan without specific reasons.

 

Energy

Trump administration approves Keystone pipeline on US land (Sparky1)

The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom.

The approval signed by Interior Secretary David Bernhardt and obtained by The Associated Press covers 46 miles (74 kilometers) of the pipeline’s route across land in Montana that’s controlled by the Bureau of Land Management and the U.S. Army Corps of Engineers, said Casey Hammond, assistant secretary of the Interior Department.

Oil falls 2% as specter of China virus threatens fuel demand (Thomas R.)

Oil prices fell 2% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.

Environment

The Trump administration on Thursday finalized a rule to strip away environmental protections for streams, wetlands and groundwater, handing a victory to farmers, fossil fuel producers and real estate developers who said Obama-era rules had shackled them with onerous and unnecessary burdens.

From Day 1 of his administration, President Trump vowed to repeal President Barack Obama’s “Waters of the United States” regulation, which had frustrated rural landowners.

U.S. drinking water widely contaminated with ‘forever chemicals’: environment watchdog (Thomas R.)

The contamination of U.S. drinking water with man-made “forever chemicals” is far worse than previously estimated with some of the highest levels found in Miami, Philadelphia and New Orleans, said a report on Wednesday by an environmental watchdog group.

The chemicals, resistant to breaking down in the environment, are known as perfluoroalkyl substances, or PFAS. Some have been linked to cancers, liver damage, low birth weight and other health problems.

London just broke a 300-year-old weather record – but you probably didn’t even notice it (Thomas R.)

In the early hours of Monday January 20 2020, something unusual was happening in the atmosphere above the southern British Isles. Just after midnight, air pressure records for London were broken at Heathrow airport, where the barometer reached 1,049.6 millibars. That’s the highest level since records began in 1692. It broke the previous record for London of 1,049.1 millibars, which was recorded at Kew Observatory at 11am on January 18 1882.

Snakes could be the source of the Wuhan coronavirus outbreak (Thomas R.)

Snakes — the Chinese krait and the Chinese cobra — may be the original source of the newly discovered coronavirus that has triggered an outbreak of a deadly infectious respiratory illness in China this winter.

The many-banded krait (Bungarus multicinctus), also known as the Taiwanese krait or the Chinese krait, is a highly venomous species of elapid snake found in much of central and southern China and Southeast Asia.

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2 Comments

  • Mon, Jan 27, 2020 - 9:54am

    #1
    pokjbv

    pokjbv

    Status Member (Offline)

    Joined: Sep 09 2017

    Posts: 7

    2+

    Markets Drop

    Not worried about the Dow dropping, the Fed will do what it always does, invent some new electronic money and stuff it into the hands of Wall Street Banksters.

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  • Mon, Jan 27, 2020 - 12:50pm

    #2
    ezlxq1949

    ezlxq1949

    Status Bronze Member (Offline)

    Joined: Apr 29 2009

    Posts: 306

    1+

    Waters drop

    Good grief, open slather on polluting and destroying US waterways? The mind boggles.

    Technology will save you, surely.

    Won’t it?

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