The Chinese Stock Bubble Bursts: Any Questions? (sand_puppy)
When financial authorities are in full-blown panic, they cut rates. When financial authorities are in full-blown panic, they deny being in a panic, which proves they are in a full-blown panic.
A reasonable technical target is the 200-week moving average, roughly 50% of the recent high. “Impossible,” say recent buyers of Chinese stocks. Yes, of course it is. The authorities will never let the market decline by 50%. As always, this time it’s different.
But there is no getting around the truth of the matter, he said. Without a deal with its European creditors, the country will default and Greek stocks and bonds will tank when the markets open.
Meanwhile in Greece, the Parliament approved a request from Prime Minister Alexis Tsipras for a public referendum on Greece’s debt negotiations, to be held next Sunday. Mr. Tsipras said he was calling the referendum because Greece’s creditors — the International Monetary Fund, the European Central Bank and the eurozone countries — had refused to negotiate in good faith and present a fair compromise.
Banks will remain shut until at least after a July 5 referendum called by Prime Minister Alexis Tsipras on whether to accept austerity in exchange for a European bailout, Kathemerini newspaper reported, citing unnamed sources.
The group is still seen as primarily focused on its regional ambitions in Iraq and Syria, where the Islamic State has maintained its grip on large tracts of territory despite recent military setbacks. U.S. officials have said that the organization seems far less driven to launch elaborate, overseas terrorist plots than al-Qaeda and its affiliates.
On top of those issues, one major consumer of recyclables—China—has implemented recent changes that add to recycling woes. These include new regulations on importing materials as well as a new emphasis on the use of domestic sources. A general slowdown of manufacturing in the country hasn’t helped, either.
There are different levels of processing, as Mandy Oaklander wrote in Time when reporting on a recent study. A bagged salad would count as “minimally processed.” A single food that has just had something added to it, like oil or sugar, would be “basic processed.” “Moderately processed” foods have additives but are still recognizable in their true form as meat or vegetables or what have you. “Highly processed” foods are made of multiple ingredients, and there’s no way to know where anything originally came from. In the study, 61 percent of Americans’ calories came from highly processed foods, and 16 percent from moderately processed.
Over two months, they caught ten calving events that generated glacial earthquakes detected by the global network of seismometers. In one representative example, a 790-meter-thick iceberg with a top area of almost half a square kilometer cracked off and rotated up onto its side. During that process, which took several minutes to play out, the GPS sensors back from the edge moved about ten centimeters back away from the water, before shifting back to their original position. The sensors also sunk downwards a similar amount, only to bob back up.
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