What began as elevated temperatures at the start of fall in parts of the United States have become “dramatically” warmer around the Great Lakes and New England, according to Deke Arndt, chief of the Climate Monitoring Branch at the National Oceanic and Atmospheric Administration’s National Climatic Data Center. And in the Washington area, the...
The European Union’s 27 member-states meet in January to approve an embargo on Iranian oil, with effect on 25 percent of Iran’s energy exports. Next month, too, President Barack Obama plans to sign into law an amendment authorizing severe penalties for foreign banks trading with Iran’s central bank, CBI, including the loss of links...
The Saudi Arabian monarchy will be overthrown by Qatar very soon, a leaked confidential conversation by Qatar’s Prime Minister Sheikh Hamad bin Jassem Al Thani has revealed. According to an audio file which has gone viral on the Internet, the premier said Qatari troops would occupy Qatif in Eastern Province and the Al Saud...
With higher stakes for all of us: even with falling economic growth in Asia, recession in Europe and near recession in the US the global economy still needs about 89 million barrels of oil each day. Any sharp recovery of the global economy will drive up oil demand and radically drive up prices. Any...
…the UK languishes in the grip of a national debt crisis and lack of bank credit. Britons continue to be better off and enjoy a far higher standard of living than the vast majority of people in Brazil but the latter’s 203million population provides huge economic clout. ‘The punching power of Brazil as a...
Iraq’s vice president Tariq al-Hashemi has alleged that a series of bombings which killed scores of people in Baghdad on Thursday were organised from within the Iraqi government. “Nobody else could be qualified for that at all. And it’s not the first time. This style of terrorist attack, it’s well beyond even Al Qaeda...
Real estate woes are already sending shockwaves through China’s broader economy. Chinese steel production — driven in large part by construction — is down 15 percent from June, and nearly one-third of Chinese steelmakers are now losing money. Chinese radio reports that half of all real estate agents in the southern city of Shenzhen...
The great bear market rally is now about over, following a very long period of deceptive distribution. I am warning all my subscribers again that we are back in the grip of a vicious and ruthless bear. The bear has been held back for almost two years, due to the so-called quantitative easing of...
Think your job is safe against automation? Think again. Up until recently, the introduction of robotics and computers into the workplace has primarily posed a major threat to low-wage earners who carry out tasks usually on assembly lines. However, as the world marches headlong into the second decade of the 21st century, technology is...
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