Giving supervisors the power to temporarily block bank accounts at ailing lenders is “a feasible option,” a paper prepared by the Estonian presidency of the EU said, acknowledging that member states were divided on the issue.
EU countries which already allow a moratorium on bank payouts in insolvency procedures at national level, like Germany, support the measure, officials said.
“Under economic sanctions imposed by the United Nations Security Council almost 10 years ago, Iraq is denied equipment and expertise to clean up its contaminated battlefields, as Kuwait was cleaned up. At the same time, the Sanctions Committee in New York, dominated by the Americans and British, has blocked or delayed a range of vital equipment, chemotherapy drugs and even painkillers. ‘For us doctors,’ said Dr Al-Ali, ‘it is like torture. We see children die from the kind of cancers from which, given the right treatment, there is a good recovery rate.’ Three children died while I was there.”
Iran Worried U.S. Might Be Building 8,500th Nuclear Weapon (Time2Help, humor)
Amidst mounting geopolitical tensions, Iranian officials said Wednesday they were increasingly concerned about the United States of America’s uranium-enrichment program, fearing the Western nation may soon be capable of producing its 8,500th nuclear weapon. “Our intelligence estimates indicate that, if it is allowed to progress with its aggressive nuclear program, the United States may soon possess its 8,500th atomic weapon capable of reaching Iran,” said Iranian foreign minister Ali Akbar Salehi, adding that Americans have the fuel, the facilities, and “everything they need” to manufacture even more weapons-grade fissile material.
Four years into the rollout of the Affordable Care Act’s major provisions, 29 million Americans still lack health insurance. Millions live in states like Virginia that did not expand Medicaid to childless adults among the working poor, as the law allowed. Even for people helped by government programs like basic Medicaid, veterans’ care and disability, there are many gaps: Low-income people struggle to afford co-payments, the gas to drive to a doctor and prescription drugs.
“We used to look at things through the totality of the circumstances when it came to a removal order—that’s out the window,” the agent told me the other day. “I don’t know that there’s that appreciation of the entire realm of what we’re doing. It’s not just the person we’re removing. It’s their entire family. People say, ‘Well, they put themselves in this position because they came illegally.’ I totally understand that. But you have to remember that our job is not to judge. The problem is that now there are lots of people who feel free to feel contempt.”
Imagine a nuclear blast occurring somewhere above eastern Nebraska. Radiating outwards, the EMP fries electronics in southern Canada and almost all of the United States save Alaska and Hawaii, both safe below the horizon. It permanently damages the grid’s multimillion-dollar high-voltage transformers. Many are old (their average age is about 40). Some burst into flame, further damaging substations.
America runs on roughly 2,500 large transformers, most with unique designs. But only 500 or so can be built per year around the world. It typically takes a year or more to receive an ordered transformer, and that is when cranes work and lorries and locomotives can be fuelled up. Some transformers exceed 400 tonnes.
Why Are Majors Shying Away From Gazprom? (Michael K.)
For Gazprom, it will be essential not to supplant its pipeline-transported volumes bound for Europe with LNG ones, hence, the most pressing need is to force their way through to new markets which are currently not covered by pipeline. Therefore, apart from traders active in the region, Spain’s Gas Natural Fenosa and Iberdrola, Portugal’s Galp, as well as French (ENGIE, Total), Italian (ENI) and Dutch partners (Shell itself) should be considered the most preferred offtakers. Yamal LNG contracts with Total and Fenosa, totaling 6.5 MMtpa possible volumes supplied, have certainly complicated matters for Gazprom to break new ground, however, there is still a lot of maneuvering space. The sweetest spot for Baltic LNG would be the United Kingdom, which gets 97 percent of its 7.4 MMtpa LNG needs from Qatar – with a combination of significantly lower transportation costs and pricing flexibility, Doha might see its dominant share narrowed down.
Five government officials were charged with involuntary manslaughter after an investigation accused them of not doing enough to warn the public of the spread of Legionella bacteria, part of the water chemistry struggle that resulted in Flint’s lead tainted water. In total, 17 officials in Flint face criminal charges.
Gold & Silver
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