Daily Digest 10/2 - "Sell Everything" Ahead Of Stock Market Crash, Twilight For The Sawfish
In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.
“There could be benefits to the ability to buy either equities or corporate bonds,” she said in reply to a question from the audience. “There would also be costs as well that would have to be carefully considered in deciding whether that would be a good idea.”
The Fed doesn’t have legal authority to buy stocks. After the financial crisis, it bought Treasurys and mortgage-backed securities to push down long-term yields to encourage borrowing, spending, hiring and investment.
The mainstream media portrays the fight for Aleppo as one between Syrian President Assad and the people, painting Assad as someone killing his citizens for the fun of it. In other words, as they did with Iraq and Libya, etc. the mainstream media again happily takes up the role of mouthpiece of the US government. The reality is quite different, in fact. Today's Liberty Report speaks with independent journalist Vanessa Beeley, who has recently returned from an investigative trip to Syria including in Aleppo. What's really going on there? Tune in!
I was actually quite surprised by the results when I compared the calculations. In 2015, the U.S. Federal Government paid $402 billion just to service the interest on its debt. This figure can be found at TreasuryDirect.gov. According to the Federal Reserve Q1 2016 Statistical Release, the U.S. Federal Government spent a total of $4.02 trillion in 2015. Thus, the interest on U.S. debt consumed 10% of the total budget.
Before the crash, the railroad administration had been considering other enforcement actions against New Jersey Transit, including a compliance agreement to require additional changes. Officials at the administration declined to comment on the audit on Saturday, citing the continuing investigation by the safety board.
he Dutch pilot-psychologist Sidney Dekker, one of the pioneers in studying large technological breakdowns, has written that the true cause of most disasters is not so much the initial accident “but the failure to identify the accident early in its birth.” The blowout of BP’s Macondo Prospect well was a case study in how a series of small mistakes and misjudgments, when not caught in time, can snowball into catastrophe.
The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to cut spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska.
Twilight For The Sawfish (jdargis)
Now researchers struggle to find even lone survivors in areas where the fish once abounded. As I thought about this, I began wondering about the disappearance of the sawfish and what it says about the lives of the people who live along the West African coast. So I set off south in search of answers, leaving the banks and markets of Senegal to meet researchers working in the mangroves and swamps of Guinea-Bissau. In that country of rivers and islands, people have reported sightings of sawfish in recent years.
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