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Tuesday, 13 September 2016

EYE on the World - "Teacher Seeks Pupil" - Ishmael






 Stories Going Beyond The Mainstream 


 

"Teacher Seeks Pupil"- Ishmael


Without Gorilla Will There be Hope For ...? 



 
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Earth's Future At Risk As Great Apes Face Extinction



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http://www.ishmael.org/origins/ishmael/

Four out of six great apes one step away from extinction – IUCN Red List


Today’s IUCN Red List update also reports the decline of the Plains Zebra due to illegal hunting, and the growing extinction threat to Hawaiian plants posed by invasive species. Thirty eight of the 415 endemic Hawaiian plant species assessed for this update are listed as Extinct and four other species have been listed as Extinct in the Wild, meaning they only occur in cultivation.
The IUCN Red List now includes 82,954 species of which 23,928 are threatened with extinction.
Mammals threatened by illegal hunting

The Eastern Gorilla (Gorilla beringei) – which is made up of two subspecies - has moved from Endangered to Critically Endangered due to a devastating population decline of more than 70% in 20 years. Its population is now estimated to be fewer than 5,000. Grauer’s Gorilla (G. b. graueri), one subspecies of Eastern Gorilla – has lost 77% of its population since 1994, declining from 16,900 individuals to just 3,800 in 2015. 



Realty Check: The Whole Economic System Is On Welfare


Central Banks = Welfare for the Wealthy

Central banks can only do one thing, and that's provide monetary welfare for the wealthy.

The fact that central banks provide welfare for the wealthy is now entering the mainstream. The fact that all central bank policies since 2008 have dramatically increased wealth and income inequality is now grudgingly being accepted as reality by mainstream economists and the financial media.
The central banks' PR facade of noble omniscience on behalf of the great unwashed masses has cracked wide open. Even The Wall Street Journal is publishing critiques of Federal Reserve policies that suggest the Fed has no idea how the U.S. economy actually works because their policies have failed to help the bottom 95%.

Suncor Unloading Oil-Sands Assets


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Suncor Energy Seeks Permission to Abandon Some Oil-Sands Assets

Suncor Energy Inc., SU -0.58 % Canada’s largest oil producer, is in talks with government officials for permission to “strand,” or abandon, some high cost and greenhouse gas-intensive crude-oil deposits, the company’s chief executive said Wednesday. The Calgary-based company is seeking an easing of rules designed to maximize oil-sands production from leases on government land, CEO Steve Williams said at a Barclays BCS -0.66 % energy conference in New York, reiterating a strategy he first announced in July. “We’ve begun to have conversations with the government of Alberta and the current regulators about the design of their policy, which actually requires the maximum amount of resource to be extracted regardless of the economic or environmental value,” he said. The request comes as Suncor and other oil producers struggle to cut costs...

The Wall St Lambs: Wells Fargo Terminates 5,300 Rank & File Banksters


What About These Guys?


"The Oversight Dream Team"

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Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States


Wells Fargo Bank, one of the nation's largest banks, has been hit with $185 million in civil penalties for secretly opening millions of unauthorized deposit and credit card accounts that harmed customers, federal and state officials said Thursday. 


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  Top Global Bonds Manager Positioning For Higher Rates


Unusual move sees manager Richard Woolnough protect £15 billion M&G Optimal Income fund from high bond prices and rising inflation.



Woolnough moves to 'negative duration' on UK bonds

The country’s leading bond manager, Richard Woolnough, has moved to ‘negative duration’ on UK debt for the first time in response to the rising threat of inflation and the surge in bond prices since the EU referendum.
Expressed in years, duration is the measure used to show a bond fund’s sensitivity to interest rate changes.
The current overall duration  for  Woolnough's  15 Billion M&G Optimal Income fund is currently at a low 2.6 years, reflecting the view that interest rates in the developed world are expected to slowly rise following the first increase in US rates at the end of last year.




Rigged Stock Markets Won't Signal Economic Collapse


These are the signs of an economic collapse


Image result for bond market 200 hundred years

What does the beginning of an economic collapse look like?
Do you see grocery stores closing? Do you see other retailers, like clothing stores and department stores, going out of business?
Are there shuttered storefronts along your Main Street shopping district, where you bought a tool from the hardware store or dropped off your dry cleaning or bought fruits and vegetables?
Are you making as much money annually as you did 10 years ago?



Future Grid Electricity Cannot Rely On Intermittent Renewables



Many people are hoping for wind and solar PV to transform grid electricity in a favorable way. Is this really possible? Is it really feasible for intermittent renewables to generate a large share of grid electricity? The answer increasingly looks as if it is, “No, the costs are too great, and the return on investment would be way too low.” We are already encountering major grid problems, even with low penetrations of intermittent renewable electricity: US, 5.4% of 2015 electricity consumption; China, 3.9%; Germany, 19.5%; Australia, 6.6%.
In fact, I have come to the rather astounding conclusion that even if wind turbines and solar PV could be built at zero cost, it would not make sense to continue to add them to the electric grid in the absence of very much better and cheaper electricity storage than we have today. There are too many costs outside building the devices themselves. It is these secondary costs that are problematic. Also, the presence of intermittent electricity disrupts competitive prices, leading to electricity prices that are far too low for other electricity providers, including those providing electricity using nuclear or natural gas. The tiny contribution of wind and solar to grid electricity cannot make up for the loss of more traditional electricity sources due to low prices.

Friday, 9 September 2016

ALERT: Top Global #Bonds Manager Positioning For Higher Rates


Unusual move sees manager Richard Woolnough protect £15 billion M&G Optimal Income fund from high bond prices and rising inflation.




Woolnough moves to 'negative duration' on UK bonds

The country’s leading bond manager, Richard Woolnough, has moved to ‘negative duration’ on UK debt for the first time in response to the rising threat of inflation and the surge in bond prices since the EU referendum.
Expressed in years, duration is the measure used to show a bond fund’s sensitivity to interest rate changes.

The current overall duration  for  Woolnough's  15 Billion M&G Optimal Income fund is currently at a low 2.6 years, reflecting the view that interest rates in the developed world are expected to slowly rise following the first increase in US rates at the end of last year.
Rising interest rates are bad for fixed interest bonds as they make their returns look unattractive. Rates also tend to rise when inflation is increasing, which erodes the fixed returns from bonds. An inflation or interest rate ‘shock’ can cause bond prices to fall quickly, as in 1994 when an unexpected series of US interest rate rises caused the bonds market to temporarily collapse and hit confidence in broader stock market.

Tax Office data shows that unpaid tax obligations are expected to reach 7.618 billion euros from January to July. Each month, foreclosures increase while more tax payers are crushing under the burden as they enter the state’s “black” list.

Equity valuations between Japanese and European banks will converge with quantitative easing (QE) programs and negative interest rate policies set to continue for the long term, according to a team at JPMorgan.


With euro-area inflation stuck near zero for almost two years and Brexit now threatening to undercut the region’s recovery, economists see European Central Bank President Mario Draghi as highly likely to lengthen quantitative easing for a second time. That would take the asset-buying program beyond its current end-date of March 2017 and above the target of 1.7 trillion euros ($1.9 trillion).



Suncor Energy Seeks Permission to Abandon Some Oil-Sands Assets


Image result for suncor oil sands projects
Suncor Energy Inc., SU -0.58 % Canada’s largest oil producer, is in talks with government officials for permission to “strand,” or abandon, some high cost and greenhouse gas-intensive crude-oil deposits, the company’s chief executive said Wednesday. The Calgary-based company is seeking an easing of rules designed to maximize oil-sands production from leases on government land, CEO Steve Williams said at a Barclays BCS -0.66 % energy conference in New York, reiterating a strategy he first announced in July. “We’ve begun to have conversations with the government of Alberta and the current regulators about the design of their policy, which actually requires the maximum amount of resource to be extracted regardless of the economic or environmental value,” he said. The request comes as Suncor and other oil producers struggle to cut costs amid […]

Thursday, 8 September 2016

Wall St Lambs: Wells Fargo Terminates 5,300 Rank & File #Banksters


What About These Guys?

"Oversight Dream Team"

Image result for banksters



Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States


WELLS FARGO FINES


Wells Fargo Bank, one of the nation's largest banks, has been hit with $185 million in civil penalties for secretly opening millions of unauthorized deposit and credit card accounts that harmed customers, federal and state officials said Thursday.


Employees of Wells Fargo (WFC) boosted sales figures by covertly opening the accounts and funding them by transferring money from customers' authorized accounts without permission, the Consumer Financial Protection BureauOffice of the Comptroller of the Currencyand Los Angeles city officials said.


Shadow loans had already reached 12.6 trillion yuan at the end of last year, according to calculations by UBS, about a fifth of China's entire annual economic output. And credit rating agency Fitch said in July that around a third of system credit resides outside bank loan books, undermining asset quality data.



Sanofi and Henkel AG are poised to become the first non-financial private companies to sell debt that yields below zero as the busiest year for investment-grade corporate bond issuance resumes.

Pressured by a year-and-a-half of weakening profits and splurges on buybacks and dividends, the once-towering piles of money at American companies have started to topple. Cash and equivalents slipped to a median $860 million at S&P 500 Index members last quarter, touching levels not seen for three years, according to data compiled by Bloomberg.




Enbridge to Buy Spectra Energy in $28 Billion Deal


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Under the deal, announced jointly by the companies, Spectra Energy shareholders will receive shares of Enbridge valued at around $40.33 each, or a premium of about 11.5%, based on the closing price of Enbridge shares on Friday. The arrangement has an enterprise value of about $127 billion and the deal, which has the full support of the boards of both Enbridge and Spectra, is expected to close in the first quarter of 2017, the companies said in a release. On closing, Enbridge shareholders are expected to own about 57% of the combined company, to be called Enbridge Inc., and Spectra Energy shareholders will own the remaining 43%. The merged company will have assets spanning crude oil, liquids and natural gas pipelines, terminal and midstream operations, a regulated utility portfolio and renewable power generation operations. […]

Wednesday, 7 September 2016

There Are Signs G20 Is Losing Its Global #Economic Muscle


G20 is losing its focus, purpose

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The proceedings of the G20 summit which concluded in Hangzhou in China and the statements that came at the end showed how far the grouping has come away from its original purpose and agenda. The G20 came into being after the 2008 global financial crisis and was conceived as a forum which could avert and address future crises through consultation, cooperation and coordinated action among countries. It represented about 85% of the world’s GDP and two-thirds of its population. The G20 did good work in the early years and had a role in guiding the world out of an economic meltdown and slowdown. It also pushed the fight against black money and the need for the best financial practices to the top of the world’s agenda. But once the crisis passed, the grouping seems to have lost its savviness and even utility, and countries have gone back to their own narrow interests and limited agendas.

Deecan Herald


China's pension funds under pressure with rising payments: Xinhua
Many Chinese pension funds are under renewed pressure to break even as local governments race to increase pension payments to meet central government requirements, state news agency Xinhua said in a commentary on Tuesday.

A Pleasant Lull (Don R.)
Events, not personalities, are going to demonstrate where things are at in the late-stage techno-industrial crack-up at hand. The shamans at the Federal Reserve have exhausted their repertoire of incantations for levitating the financial markets and, more ominously, the value of the US dollar. The prankish god they serve has arranged things so that the very faith needed to sustain their illusory influence will run down the drain as November 8 creeps closer. They must be getting awfully nervous down at the Eccles Building.

The world’s biggest oil exporter is taking unprecedented steps to rein in a budget shortfall that ballooned to 16 percent of gross domestic product last year, curtailing fuel and utility subsidies as well as cutting billions of dollars in spending. The International Monetary Fund expects the shortfall to drop to below 10 percent of GDP in 2017.




Volkswagen faces fresh EU claims over emissions scandal


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Volkswagen faces claims that it broke consumer protection laws in 20 European countries by marketing cars at the centre of the “dieselgate” scandal as “green”.  Vera Jourova, the EU justice commissioner, is pushing national authorities to investigate if Volkswagen broke the law on their territory, and if so to take action against the company. She wrote to capitals earlier this summer requesting information on what they had done to probe VW’s actions.  She told the Financial Times the responses showed it is “likely” the German carmaker breached Europe’s “unfair commercial practices directive”, which prohibits misleading advertising claims, in many EU nations.  Whether the law was broken in a particular country could depend on factors such as the type of advertising strategy used by VW there or on exactly how EU law has been incorporated into national statute books, she said.



Tuesday, 6 September 2016

EYE on the World - ``Ìntergalactic Fire Sale






 Stories Going Beyond The Mainstream 

 


" Intergalactic Fire Sale"


 Overpopulated Used Planet Operating Beyond Its Carrying Capacity " 


No Urban Disaster Plans For Climate Events

CLIMATE NEWS

Most city planners have yet to prepare for climate-related risks and the consequences

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Study Assesses Climate Change Vulnerability in Urban America


GEORGE WASHINGTON UNIVERSITY MILKEN INSTITUTE SCHOOL OF PUBLIC HEALTH
WASHINGTON, DC (Aug. 31, 2016) -- Flooding due to rising ocean levels. Debilitating heat waves that last longer and occur more frequently. Rising rates of diseases caused by ticks, fleas, and mosquitoes, such as Lyme disease, Chikungunya, and Zika. Increasing numbers of Emergency Room visits for asthma attacks due to higher levels of ground-level ozone. Impacts of climate change such as these will affect cities across the country.

Elephants Are Disappearing At Accelerated Rate

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'Our Living Dinosaurs'


There are far fewer African elephants than we thought, study shows


Linyanti Swamp, Botswana (CNN)Scanning Botswana's remote Linyanti swamp from the low flying chopper, elephant ecologist Mike Chase can't hide the anxiety and dread as he sees what he has seen too many times before. 
"I don't think anybody in the world has seen the number of dead elephants that I've seen over the last two years," he says. 
From above, we spot an elephant lying on its side in the cracked river mud. From a distance it could be mistaken for a resting animal. 


Reality Check: A FED Policy Change Would Cause Unprecedented Trauma

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Jackson Hole – What Have We Learned?

Robert Eisenbeis, Ph.D. 

 Chair Yellen’s much-awaited Jackson Hole speech has been touted in the media as suggesting that there will soon be a second rate hike to follow the FOMC’s December 2015 move. However, many have noted that there was actually little, if anything, new in the speech. She did note that there was continued improvement in the economy, especially on the employment front. Some suggest that a possible move in September would hinge upon the release of the next employment number for August, and some of the FOMC participants in attendance noted that all meetings were still live.



Eurozone 23.5% Unemployment Rate Sits At Staggering Great Depression Levels



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Eurozone Unemployment Is Still A Disaster - Time To Get Rid Of The Euro, Finally

Back a couple of years when the world, well, at least the world of economics wonks, was transfixed by the spectacle of Greece imploding there were some of us who simply pointed out that the euro was a bad idea, had always been and always would be a bad idea, so the best thing Greece could do was leave. We were shouted down because Greece would suffer terrible pain if it did leave and just wait, things will get better in the future. And this is that future right now. 
And youth unemployment in Greece is still over 50%. Unemployment as a whole is up at 23.5% – the sort of level the United States had in the middle of the Great Depression. That future has arrived and things haven’t got better- as we were saying, the euro is a bad idea. And it’s not just in Greece either.

Ultimately China's Credit And Economic Expansion Will Burst Global Bubble


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Red Ponzi Ticking—-China And The Dark 

Side Of The Global Bubble, Part 1


Donald Trump is absolutely correct that China is a great economic menace. But that’s not owing to incompetence at the State and Commerce Departments or USTR in cutting bad trade deals.

Nor is it even primarily due to the fact that China egregiously manipulates it currency, massively subsidizes its exports, wantonly steals technology, chronically infringes patents and hacks propriety business information like there is no tomorrow.




Rumors: Chinese Banks In Trouble As Bad Loans Accelerate


Lenders seek to improve future profitability despite country’s economic slowdown


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Chinese Banks Step Up Bad-Loan Write-Offs

The International Monetary Fund estimates China’s 
nonperforming-loan ratio at 15%, compared with the official 
1.75% figure reported by the government, because of 
differences in the way bad loans are recognized.

Renewable Energy Just A Trendy Oxymoron, That Is A BIG HOAX!!!


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The Challenges & Opportunities In A Transition To 100% Renewable Energy 


Post Carbon Institute Fellows Richard Heinberg and David Fridley gave a joint presentation to the Security & Sustainability Forum—to share the key findings and takeaways that emerged from the analysis they conducted to co-author Our Renewable Future.
Below is a recording of their presentation.


2050 World Population To Reach 10B, Driving More Species Extinctions 

Ever Wonder Who's Next? 
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World Population May Rise To Nearly 10 Billion By 2050

The world population will reach 9.9 billion in 2050, increasing by 33 per cent from an estimated 7.4 billion now, the latest report from the Population Reference Bureau (PRB) has predicted. If the assumptions underlying 2050 projections by the PRB’s World Population Data Sheet are applied to subsequent years, the world population would hit the 10 billion mark in 2053, with set to Asia gain about 900 million to 5.3 billion. 
(ALSO READ: Humans altered 97 per cent of most species-rich places on Earth )
 “Despite declines in fertility rates around the world, we expect population gains to remain strong enough to take us toward a global population of 10 billion,” said Jeffrey Jordan, president and CEO of PRB. “Significant regional differences remain, though. For example very low birth rates in Europe will mean population declines there while Africa’s population is expected to double,”

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