Archive for the 'Economy' Category
“Iran Vows to Secure Strait of Hormuz”
July 24th, 2019It’s hard to know how much of the Iran situation is simply noise. The problem is that we can go from noise to a genuine crisis in the blink of an eye due to the tight geography of the Strait of Hormuz. How many warships can be packed in there before confusion or a false […]
Trump Tells Pentagon to Find Better Sources of Rare Earth Magnet
July 23rd, 2019Via: Reuters: U.S. President Donald Trump on Monday told the Pentagon to find better ways to procure a rare earth magnet used in specialty motors, warning that the nation’s defense would suffer without adequate stockpiles. Attention is growing on rare earths, an obscure grouping of 17 minerals used to build weapons, consumer electronics and a […]
A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes
July 21st, 2019Hint: Deutsche Bank was buying the worst of the toxic waste that Lehman was generating before the last financial crisis. I wonder how much of that stuff is still burning a hole in Deutsche Bank… Via: Economic Collapse Blog: Could it be possible that we are on the verge of the next “Lehman Brothers moment”? […]
Lockheed: Practical Fusion Power Still 20 Years Away
July 20th, 2019— “$21 Trillion Dollars Is Missing from the U.S. Government” Via: The Drive: Lockheed Martin’s Skunk Works is building a new, more capable test reactor as it continues to move ahead with its ambitious Compact Fusion Reactor program, or CFR. Despite slower than expected progress, the company remains confident the project can produce practical results, […]
Will USA Ban Bitcoin?
July 18th, 2019Via: In It for the Money:
Road-Tripping with the Amazon Nomads
July 15th, 2019Via: The Verge: The majority of goods sold on Amazon are not sold by Amazon itself, but by more than 2 million merchants who use the company’s platform as their storefront and infrastructure. Some of these sellers make their own products, while others practice arbitrage, buying and reselling wares from other retailers. Amazon has made […]
Giant Batteries and Cheap Solar Power Are Shoving Fossil Fuels Off the Grid
July 12th, 2019If the electricity from solar plus storage is, “Cheaper than any power generated with fossil fuel,” why aren’t these systems shooting up like weeds? The availability of batteries is the bottleneck. We’ve heard about Tesla’s rumored 1GWh energy storage system and things like the 800MWh system below. This is a drop in the bucket, in […]
Ship Seized in Record $1.3 Billion Cocaine Bust Belongs to JPMorgan
July 10th, 2019Fascinating. Via: ZeroHedge: Today we learn that the vessel, the MSC Gayane, is owned by JP Morgan, and has been seized by US authorities according to the Wall Street Journal. The Gayane is the world’s second-largest container ship – operated by Switzerland-based Mediterranean Shipping Co, MSC.
Deutsche Bank Cuts 18,000 Jobs, Exits Equities
July 7th, 2019Via: Bloomberg: Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability.
List of Alternatives to All Google Products
July 4th, 2019Via: TechSpot: With growing concerns over online privacy and securing personal data, more people than ever are considering alternatives to Google products.
