Before getting into the nitty-gritty data, let's quickly brush up on our physics by understanding the difference between potential and kinetic energy. An object at the top of a hill has stored energy as it rests. However, as the stored energy is released when gravity acts upon the object, the stored energy becomes kinetic (active) energy. The energy in a drawn bow before an arrow is released is another example of potential energy (stored); releasing the arrow transforms the arrow's potential energy into its kinetic energy (active energy, or the arrow's flight).
Everyone Should Be Thrilled By The Gold Crash (Nervous Nelly)
Conversely you have critics who slam the arrogance of economists and central planners, and who have predicted that all of this economic acrobatics would result in an economic collapse, hyperinflation, and an explosion in the price of gold. Gold is important to their worldview, because it represents a quasi-money that's not tied to any government or central bank.
IMF downgrades global growth forecast again (Nervous Nelly)
The IMF expects the U.S. economy to expand 1.9 per cent this year. That's below its January estimate of 2.1 per cent and last year's U.S. growth of 2.2 per cent. Still, the IMF says the U.S. economy should expand 3 per cent in 2014.
As for Canada's economy, the IMF expects it will likely slow to about 1.5 per cent this year from 1.8 last year, before picking up to 2.4 per cent in 2014.
Prior to 2005, officials spent years investigating Egglishaw and his clients, which include Hogan and his partner John ”Strop” Cornell. After years of legal battles, Hogan and Cornell agreed to a confidential settlement with the tax office over tax evasion claims at that time.
While traditional cybercriminals sought information that could be used to profit from identity theft, many attackers now have a different motivation: "We're seeing a lot of what we believe is corporate espionage or espionage of some sort or other."
What isn't clear, O Murchu said, is who is behind the attacks.
I will take an aside, and say that the claims that monetization are not yet causing inflation proves nothing. All that proves is that one can give wheelbarrows of money to their friends to prop up their bad debts, as long as the friends keep the money in their own bank and trading accounts. The first result will be bubbles in financial assets, and the accumulation of wealth in a narrow segment of the target population.
It’s not often one hears about Libya’s energy portfolio outside of oil and gas. Since the discovery of oil in 1959, Libya’s economic progress has been driven by hydrocarbon profits. Typically, oil and gas wealth has represented up to 90% of Libya’s income. Nonetheless, renewable energy has been a part of Libya’s energy policy since the 1970’s. Libya’s Center for Solar Energy Research and Studies was established in 1978. In 2007, Libya also created the Renewable Energy Authority. The Authority’s Planning and Studies Department was working on structured plans for balancing renewable and traditional energy sources as recently as 2011.
It's data driven. We [the Grantham Foundation for the Protection of the Environment] were gracefully moving into the environment, save these animals and habitats, and all these good things, then the data on resources – starting about four years ago – made me realise that some of these were really urgent. That we were already entering a food crisis, for example. This time last year I thought it was clear from the data that we were already five years into a food crisis and it is highly unlikely to go away. And unless we get our act together it is likely to become a cascading problem.
Gold & Silver
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