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Jim Quinn – DEPARTMENT STORE RESULTS IMPLODING

The government issued their monthly retail sales this past week and four of the biggest department store chains in the country announced their quarterly results. The year over year retail sales increase of 2.4% is pitifully low in an economy that is supposedly in its sixth year of economic growth with a reported unemployment rate of only 5.3%. If all …

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Andrew Moran – Impending U.S. Dollar Collapse Should Be Getting Attention, Not China’s Devaluation, Financial Analyst

Peter Schiff, CEO of Euro Pacific Capital and bestselling author of “Crash Proof,” believes the impending collapse of the United States dollar should be getting the attention of investors and news outlets and not the devaluation of the Chinese yuan. Speaking in an interview with Newsmax TV on Tuesday, Schiff explained that the U.S. economy has an abundance of problems but China’s …

ocare

Wolf Richter – Obamacare? Wall Street Suddenly Scrambles to Buy Doctors, “Leverage” Their Patients

For PE firms, the fracking boom was nirvana. An eternal-growth industry. A big part of the money they poured into the scrappy oil & gas companies is now going up in smoke. Other industries are mired in a no-growth or shrinking environment. Chaos keeps breaking out in the international markets, most recently over Greece and China. So, healthcare, which accounts …

Silver

The Silver Market: Don’t Push a Bad Position! By Bill Holter

“Don’t push a bad position”!  This is good advice in many varied quests.  It is good advice in games like chess or poker.  Good advice in sports, business, politics, geopolitics and certainly in militarily ventures.  Today we will look at two separate issues where “bad positions” are being pushed to the wall! First, we have an insane situation brewing in COMEX …

The Coal Industry’s Unabated War on Americans’ Health

The Coal Industry’s Unabated War on Americans’ Health   Richard Gale & Gary Null, PhD Progressive Radio Network, December 7, 2009   Eight AM on a Saturday morning, fresh snow has been falling for two hours. My daughter Shelly asked if we could make snow ice cream. I said sure. We got a large bowl and went outside. As I …

oil and nuclear

Taxpayer Subsidies for Fossil Fuels on a Warming Planet in One Word: ‘Absurd’ – Jon Queally

A new investigation by the Guardian, highlighting the large campaign contributions given by fossil fuel corporations to lawmakers who then back public subsidies for those same companies, has led presidential candidate Sen. Bernie Sanders (I-Vt.) to describe the arrangement—especially in light of the dangers posed by runaway climate change—with one word: absurd. In their examination of three specific fossil fuel projects run by Shell, …

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Is Solving Climate Change as Simple as Sucking Carbon Out of the Air? – Tara Lohan

It sounds almost too obvious. But we may be able to stave off some of the major effects of catastrophic climate change simply by sucking out of the air the vast amounts of carbon dioxide we’ve been spewing for decades. It’s not a new idea, but it’s one that has never been economical. Until now, perhaps. Graciela Chichilnisky believes her …

exxon mobil

ExxonMobil’s Dangerous Business Strategy – Jeffery D. Sachs

ExxonMobil’s current business strategy is a danger to its shareholders and the world. We were reminded of this once again in a report of the National Petroleum Council’s Arctic Committee, chaired by ExxonMobil CEO Rex Tillerson. The report calls on the US government to proceed with Arctic drilling for oil and gas – without mentioning the consequences for climate change. …

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If Anyone Doubts That We Are in a Stock Market Bubble, Show Them This Article

The higher financial markets rise, the harder they fall.  By any objective measurement, the stock market is currently well into bubble territory. Anyone should be able to see this – all you have to do is look at the charts.  Sadly, most of us never seem to learn from history.  Most of us want to believe that somehow “things are …

oil vs solar

Oil Can’t Match Solar On Cost, Even At $10/Barrel

One of the biggest banks in the Middle East and the oil-rich Gulf countries says that fossil fuels can no longer compete with solar technologies on price, and says the vast bulk of the $US48 trillion needed to meet global power demand over the next two decades will come from renewables. The report from the National Bank of Abu Dhabi …