“Having fallen from the eternal, the evil one’s desires are endless, insatiable. Having fallen from pure Being, he is driven by the desire to possess, to fill his emptiness. But the problem is insoluble, always. He is compelled to have and to hold, to possess and consume, and nothing else. All he takes, he destroys. Certainly he rules the material, as he is called the Prince of this World in the gospels.”
As Andrew McCarthy points out in his recent article, there was no chance that the DOJ was going to indict Hillary because that would have required implicating President Obama. That was never going to happen. From thereafter, DOJ officials acted with that understanding, however illegal, in mind.
Cryptocurrencies are among the largest unregulated markets in the world. We find that approximately one-quarter of bitcoin users and one-half of bitcoin transactions are associated with illegal activity. Around $72 billion of illegal activity per year involves bitcoin, which is close to the scale of the US and European markets for illegal drugs. The illegal share of bitcoin activity declines with mainstream interest in bitcoin and with the emergence of more opaque cryptocurrencies. The techniques developed in this paper have applications in cryptocurrency surveillance. Our findings suggest that cryptocurrencies are transforming the way black markets operate by enabling “black e-commerce.”
The Market Meltdown Is an Ominous Sign (Tiffany D.)
Technical analysts use RSI to assess whether a stock is becoming overbought or oversold. RSI values of 70 or above suggest a stock is becoming overbought or overvalued, and therefore at risk of a correction. An RSI of 30 or below signals the opposite — oversold or undervalued. It might be a profit opportunity.
On Tuesday, Democrats on the House Oversight Committee, which has been investigating the contract, asked Representative Trey Gowdy, the committee chairman, to subpoena FEMA for all documents relating to the agreement. Lawmakers fear the agency is not lining up potential contractors in advance of natural disasters, leading it to scramble to award multimillion-dollar agreements in the middle of a crisis.
Shale Reality Check (Paul W.)
How sustainable is shale production in the long term given optimistic government and industry forecasts of robust production through 2050 and beyond? This report endeavors to answer that question by assessing the viability of the projections of the U.S. Energy Information Administration (EIA), which are widely used by policymakers, industry, and investors to make long-term plans. The report is based on an analysis of well production data for all major shale gas and tight oil plays in the U.S. These plays make up 88% of the EIA’s Annual Energy Outlook 2017 reference case cumulative production forecast for shale gas and tight oil for the period 2015–2050.
Oil Prices Ravaged By Financial Turmoil (Michael K.)
That led to a selloff for Brent and WTI. And if the turmoil continues, the trouble for oil benchmarks will also linger. “The potential is present for a big move lower should fear return to the stock market and spark liquidations across the board,” analysts at TAC Energy said Friday, according to The Wall Street Journal. “The cross-asset class correlations have returned over the past several weeks.”
The mercury trapped in the Arctic has been frozen in place since the last Ice Age. Mercury is mostly found in the atmosphere, but it can bind to particles in soil and water.
The latest findings are the results of nearly a decade of sediment core sampling in Alaska. Scientists measured 793 gigagrams, or 15 million gallons, of mercury in frozen soil samples. Researchers estimate the Arctic region is home to 1,656 gigagrams of mercury.
Gold & Silver
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