A project of the multilateral development banking system, the Rockefeller Foundation and the New York Stock Exchange recently created a new asset class that will put, not just the natural world, but the processes underpinning all life, up for sale under the guise of promoting “sustainability.”
Wall Street’s Takeover of Nature Advances with Launch of New Asset Class.
hattip Gallier for sharing these cartoons reflecting on the recent US election.Clearly E& R is having some fun with this election!I'm just going to include 5 of them, that easily cross any language or cultural bridges.Gallier did translate them all in his comment below (at the link) and all cartoons are accessible at highlighted link.Enjoy!Merci Gallier
This is quite a crime. Quite a crime! I'm surprised this story hasn't garnered way more attention then the handful of news items I saw this morning. Huge operation. Multi layered.But, Israeli based criminals? You know if they would have been Chinese or Russians the coverage would be over the top! So let's read about the largest data hack in US financial history:Cybercrime: Largest data hack & more in US financial history
It looks as if there is no deal. And there was never a deal in place that should have, realistically or rationally, caused the stock market to rise today. That is, if the stock market was anything but a rigged casino game? Yes, the house always wins! In fact it is unlikely there will be any deal before the end of this month! So another 8 days to go. So here are two news items:Most fund managers expect a Greek default
An update on the impending liquidity crisis. Sure looks like something catastrophic is afootRecall this news from a week or so ago?Bank of Canada Proposes Changes for Market Ops and Emergency Lending The liquidity problem is far bigger then Canada. As one savvy commenter had already pointed out.Read on
SOTT Radio interviews Stefan Verstappen
While taking down the Swiss economy? Right before the so called 'shocking' move by the Swiss bank, Swiss business leaders and politicians were at the Whitehouse, talking job creation, in the US??? What the hell!? Flashback to Thursday..
A price war is brewing between Canada and Latin America over who will satisfy U.S. Gulf Coast refiners’ hunger for heavy oil.The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels a day starting in January, according to Calgary-based based ARC Financial Corp.
While reading at Gilad Atzmon's I stumbled across a post of his, linked below. After reading through I knew the article he referenced was linked here when it was first published! Although it dealt with a previously covered topic it was nice to see the subject get such a prominent mention in a more broadly read outlet then my little blog.
