Global Intelligence
By Michael Snyder I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases […]
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Things are rapidly shifting from bad to worse for PIMCO. In a triple whammy this morning, Bloomberg reports the Total Return Fund ETF (managed previously by Bill Gross) has suffered $446 million outflows (or over 12.5% of assets) so far; Morningstar downgrades the fund from ‘gold’ to ‘bronze’ citing “uncertainty regarding outflows and the reshuffling […]
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Diablo Canyon Power Plant (DCPP) Units 1 and 2 Annual Radiological Environmental Operating Report, published April 30, 2014: Isotopic releases occurred in Japan and were carried by the jet stream to the west coast of the United States… [DCPP] periodically detected cesium (Cs-137) within market fish and cow meat due to deposition of Cs-137 from […]
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By Saxo Bank’s Steen Jakobsen Surely not this old chestnut – again? ‘Interest on debt grows without rain’ – Yiddish proverb This proverb explains most of what goes on in policy circles these days. We are now watching Extend-and-Pretend, Episode VI: Promises for improvement amid ever growing debt levels. In brief, we’re still working with […]
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London (AFP) – The British inventor of the World Wide Web warned on Saturday that the freedom of the internet is under threat by governments and corporations interested in controlling the web. Tim Berners-Lee, a computer scientist who invented the web 25 years ago, called for a bill of rights that would guarantee the independence […]
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Last week, President Obama announced an ambitious — and expensive — plan that effectively placed the U.S. military at the forefront of the global fight against the worst Ebola outbreak in history. In an effort that could cost as much as $750 million in the next six months, he assigned up to 3,000 military personnel to West Africa to “combat and […]
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A mostly obscure, privacy-orientated social network – an ‘anti-Facebook’ of sorts – has recently undergone meteoric growth. It poses itself as an advert-free enterprise which is not going to become a tool to manipulate its users. ‘Anti-facebook’ network Ello kicked off in July as an invite-only social network seeking to have an advert-free user-orientated role […]
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In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia’s coffers by hundreds of […]
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The Russian Duma has passed the final reading of a law forbidding holders of foreign passports from controlling or owning more than 20 percent of any media outlet. The law, proposed just ten days ago, will extensively affect Russia’s publishing sector. “The freedom of the press is guaranteed by our Constitution, and won’t be affected,” […]
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It appears Vladimir Putin is willing to hit’em while they’re down. Early European equity weakness (and safe-haven flows) on asset-freeze threats have accelerated as Bloomberg reports, Russian energy minister Alexander Novak threatens gas supply disruptions if the EU continues to re-export Russian gas to Ukraine. 3Y German bond yields have plunged to -4.1bps, a record […]
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