Economy 19 Sept 2018 – no lessons learned from 2008

"The financial crisis of 2008 was no ordinary crisis. It brought the U.S. banking system to its knees, destroyed millions of jobs, and nearly caused the break-up of the Eurozone. And this is just a short list of the damage it caused. Given how bad it was, it may have...

Climate 18 Sept 2018 record hot streak in Colorado

"Monday became the eighth day in a row of temperatures in the 90s, breaking the record for heat streaks in September. "The roasting has been caused by a high-pressure system sticking around the central part of the country, said National Weather Service Meteorologist...

Economy 18 Sept 2018 full-blown trade war

China has a huge debt-problem and a net energy problem, as its own energy production is dwindling. The last thing it needs is a full-blown trade war... "The trade war with China began in earnest Monday. "In announcing a wave of tariffs on $200 billion worth of Chinese...

Climate 17 Sept 2018 massive floods in Nigeria

"More than 100 people have died in floods after Nigeria's two major rivers burst their banks, authorities say. "The National Emergency Management Agency (Nema) says heavy rains caused the Niger River and Benue River to overflow. "It has resulted in a series of floods...

Economy 17 Sept 2018 leveraged growth is not recovery

Highly leveraged growth is not true growth. Our 'recovery' is borrowed from a fantastical future of bountiful prosperity. "As a profession, economists are absolutely hopeless at forecasting recessions... When a weather forecaster says a hurricane is imminent, the...

Economy 14 Sept 2018 too much global debt

Global debt has risen from  $84 trillion at the turn of the century, to $173 trillion at the time of the 2008 financial crisis, to $250 trillion a decade after Lehman Brothers Holdings Inc.’s collapse: "In many ways, all the talk about global central banks beginning a...

Climate 13 Sept 2018 dust warming Arctic

"Large amounts of dust from Asian deserts could be contributing to the warming of Arctic sea surfaces, but satellites are misreading these temperatures as being colder than they are. "That's according to a recent study published in Scientific Reports by Ron Vincent,...

Economy 13 Sept 2018 Gordon Brown warns of new crisis

"A leaderless world is sleepwalking towards a repeat of its near meltdown in late 2008 and early 2009 because it has failed to remedy the causes of the financial crash of a decade ago, former prime minister Gordon Brown has warned. "Britain’s leader during the period...

Climate 12 Sept 2018 super typhoon

"As the US east coast braces for Hurricane Florence, an even stronger super typhoon is barreling down on southeast Asia, with Hong Kong and Macau square in its path. "Super Typhoon Mangkhut, known as Super Typhoon Ompong in the Philippines, is currently equivalent to...

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