Archive for the 'Collapse' Category
There Is No Excuse for How Universities Treat Adjuncts
January 24th, 2016This is what Soviet-style systems do. The U.S. Government is the enabler via the student loan scam. Via: The Atlantic: Writing a few years ago for this publication, the Johns Hopkins professor Benjamin Ginsberg described colleges and universities as now being “filled with armies of functionaries—vice presidents, associate vice presidents, assistant vice presidents, provosts, associate […]
Oil Breaks Below $27, Down Over 5%
January 20th, 2016S&P500 October 2014 low is taken out intraday. — S&P500 leaning over, real ugly. Through all recent weekly supports now. If anyone at the PPT is awake at the switch… This is it. —- USO bids $8 — This move is nuts. Crude Oil Feb 16 (CLG16.NYM) -NY Mercantile $26.86 Down $1.60(5.62%) 11:07AM EST — […]
The Planet’s Fisheries Are In Even Worse Shape Than We Thought
January 20th, 2016Via: Huffington Post: The world’s oceans have been overfished far more than reported, according to a new study. The report, published in the journal Nature Communications, reanalyzed worldwide catch data and compared it to information that the Food and Agriculture Organization of the United Nations uses. Researchers found that from 1950 to 2010, up to […]
Delhi: The Sleep Mafia
January 18th, 2016Via: New York Times: When midnight approaches in Old Delhi and a thick, freezing fog settles over the city, the quilt-wallah Farukh Khan sits on his corner, watching the market for his services come to life. They shuffle up one by one, men desperate for sleep. The bicycle rickshaw pullers, peeling one of his 20-rupee, […]
Big Banks Brace for Oil Loans to Implode
January 18th, 2016Via: CNN: Big banks are cringing as crude oil is crumbling. Firms on Wall Street helped bankroll America’s energy boom, financing very expensive drilling projects that ended up flooding the world with oil. Now that the oil glut has caused prices to crash below $30 a barrel, turmoil is rippling through the energy industry and […]
Mistake? Refiner Bids -50 Cents Per Barrel for Low Grade Oil
January 18th, 2016Via: Bloomberg: Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday […]
5 Countries Spew More Plastic Into the Oceans Than the Rest of the World Together
January 18th, 2016Via: GlobalPost: In a recent report, Ocean Conservancy claims that China, Indonesia, the Philippines, Thailand and Vietnam are spewing out as much as 60 percent of the plastic waste that enters the world’s seas. “At this rate, we would expect nearly one ton of plastic for every three tons of fish in our oceans by […]
62 People Now Own the Same Wealth as Half the World’s Population
January 17th, 2016Via: Independent: Wealth inequality has grown to the stage where 62 of the world’s richest people own as much as the poorest half of humanity combined, according to a new report. The research, conducted by the charity Oxfam, found that the wealth of the poorest half of the world’s population – 3.6 million people – […]
Obama Declares Emergency in Michigan Over Lead-Contaminated Water
January 17th, 2016Via: CBC: U.S. President Barack Obama signed an emergency declaration Saturday that clears the way for federal aid for Flint, Michigan, which is undergoing a drinking water crisis due to lead-contaminated water. … The tap water in Flint, population 99,000, became contaminated after the city switched from the Detroit water system to the Flint River […]
Oil Trades Below $30 a Barrel for First Time in 12 Years
January 12th, 2016Via: Reuters: Oil fell briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Prices settled down 3 percent, a seventh straight daily decline for oil. Traders have all but […]
