Both had said before the vote that such a result would allow them to unilaterally declare independence within 18 months, under a plan that would see the new Catalan authorities approving their own constitution and building institutions like an army, central bank and judicial system.
Addressing supporters of Junts pel Si in central Barcelona, Mas said a “democratic mandate” now existed to move forward with independence.
Fed Scared to Raise Rates: Nomi Prins (pinecarr)
Prins goes on to point out, “Now, you have this heightened volatility. Now, you have this heightened negativity. There is only so much of an amount you can inflate asset bubbles before they destruct, and that’s what we are seeing now in the rising volatility in the last six months, this transition to destruction.”
The Final Flush Is At Hand (reflector)
Money Velocity has crashed and so has global trade. Leveraged commodity trades have blown up and left many sectors dysfunctional. Has anyone stopped to think who (other than the sectors themselves) stands to lose with $45 oil? Maybe the lenders? Would this not tighten credit even further? Why do a dozen “advanced” economies already have stock markets in bear (minus 20%+) market territory?
“There’s no conviction in this market whatsoever and there hasn’t been for a very long time,” said Michael Ingram, a market strategist at BGC Partners in London. “If the Fed appears to be so hesitant, why should traders who are putting money to work on a daily basis be any more confident? The other issue is what’s going on in China.”
Shell’s efforts to drill in Alaska have long seemed quixotic. The company’s decade-long project has been dogged by the opposition of environmental activists, who have said oil and gas production would pose unacceptable risks in the fragile Arctic. Shell also encountered mishaps; in 2012 it drilled two shallow wells, but a drilling ship, the Kulluk, ran aground.
EV Market Has An Unlikely Backer (Evan K.)
With hardly 500 electric cars sold so far, EVs have proven to be quite unpopular among the Russian public. This means that the Russian government has an uphill struggle ahead to ignite its domestic EV market. The decision taken by the Russian Prime Minister, as part of his ‘green initiative,’ is intended to kick start the EV market in Russia, but introducing EV charging stations alone might not help the case.
A Low and Distant Paradise (jdargis)
People speak of my home state as though it were uniform in its failings. This is untrue. The distance between Miami and Pensacola is roughly the distance between New York City and Myrtle Beach, South Carolina. About 75 percent of South Florida’s residents live along the coast. As others have noted, “Florida’s coastal development restrictions have not stopped development as much as they have made it more expensive.” In Miami, as in much of the country, the environment is treated as a function of economy, where scarcity implies only that a good will cost more to obtain despite its irreplaceability.
2014 was the hottest year in the instrumental record. The US government agencies NASA and NOAA announced the 2014 record on 16 January, noting that “the 10 warmest years in the instrumental record, with the exception of 1998, have now occurred since 2000”.
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