Palladium surged to a record on Tuesday as the risk of a ban on some Russian exports added to supply concerns for the autocatalyst metal, while gold rose on expectations the U.S. Federal Reserve will stay dovish at its meeting this week.
Gasoline and diesel displacement by electric vehicles will grow by 96,000 barrels a day this year, BloombergNEF said in a report Tuesday. That brings the lost cumulative demand since 2011 at 352,000 barrels a day, about as much as total consumption by some countries, such as Peru or Portugal. By comparison, total global oil demand growth over the same period rose 12 million barrels a day to 100.6 million, according to the International Energy Agency.
Eskom supplies more than 90 percent of the power in Africa’s most industrialised economy but is saddled with 420 billion rand ($29 billion) of debt. It has implemented power cuts every day since Thursday, with up to 4,000 MW cut from the grid.
To stay on schedule with payments toward CalPERS’ debt, known as its unfunded liability, the fund has to make a 7 percent return on its investment. If it falls short of that, local governments and taxpayers and potentially public workers can get stuck owing more to meet pension obligations.
As of the end of February, CalPERS’ return rate for the present fiscal year was just 1.62 percent, Meng told the board Monday.
Under YCC, the BOJ now pledges to guide short-term rates at minus 0.1 percent and the 10-year bond yield around zero percent. The policy has made it tough for banks to profit from traditional business of borrowing short-term funds and lending them at higher yields.
As well as the Champs-Elysées in Paris the PM said demos could also be banned in Place Pey-Berland in Bordeaux and the Place du Capitole in Toulouse which have also witnessed violence in recent months.
The PM also announced that the fine for turning up to an undeclared demo – which currently stands at €38 – will be increased to 135 euros.
Intergenerational Theft (Cornelius999)
This argument was developed by the jurist William Blackstone in the 18th century, whose books were immensely influential in England, America and elsewhere. He contended that a man’s right to “sole and despotic dominion” over land was established by the person who first occupied it, to produce food. This right could then be exchanged for money. This is the underlying rationale for the great pyramid scheme. And it makes no sense.
“The GOP/Fox merger is becoming increasingly formalized. Trump watches and promotes it incessantly, Fox appoints Paul Ryan to its board,” University of Michigan professor Brendan Nyhan tweeted.
Unmasking the College-Admissions Fraud (thc0655)
So what is college about? Primarily, it is about accrediting its graduates and signaling—as Bryan Caplan argues in The Case against Education—their value to future employers as responsible workers. The stampede to get children into as prestigious a school as possible grows more frenzied by the year, driven by the bragging rights that association with a name-brand university confers on status-hungry parents, who also understand the networking potential of those bright college years. There’s the allegiances of alumni, too, whose donations flow more lavishly when their alma mater’s sports teams are winning. Such tribal sympathies confer unjustified admissions authority on college athletics directors. When the sleazy sports directors in the Singer scheme certified the student applicants as varsity material, their word was apparently final in admissions offices.
Reuters said operations in Qatar and Brazil were also under manual operation, but the company said in a public disclosure with the Norwegian stock exchange there was “no indication” of impact on primary plants outside Norway.
Futures File: Floods across corn belt (newsbuoy)
While this extreme weather affects everyone in the area, farmers see some of the worst effects. Blizzard conditions and flooding can kill cattle and hogs, and the water-soaked fields may persist for weeks, preventing Midwestern farmers from being able to plant a timely spring crop. Planting delays can lead to lower crop yields or even force farmers to give up planting some fields, which could cut into U.S. corn production this year.
“Olive trees are very sensitive to certain climatic conditions — sometimes three days of freezing [temperatures] are more important than an average temperature over the year,” he added.
Europe has fallen victim to radical hot and cold weather events in recent years, which scientists say are often caused or exacerbated by man-made climate change.
It is not an exaggeration to say that weather patterns here in the United States are literally going crazy. Los Angeles just had the coldest February that it has seen in 60 years, Seattle just had their snowiest February in 70 years, and some parts of California received more than 500 inches of snow this winter.
And now we are being warned that we could have a very rainy spring, but it is hard to imagine that things could get any worse than they currently are in the central part of the nation.
Complete failure at Oroville Dam (thc0655)
According to national dam expert Scott Cahill of Watershed Services of Ohio, Oroville Dam is on the same failure track as in 2017, with visible water seepage trickling from the foot of the dam and dozens of points along the dam’s principal spillway. Cahill warns that warming temperatures magnified by precipitation is a growing threat to the dam.
Gold & Silver
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