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Food will never be so cheap again - Telegraph
What seems certain is that the terms of trade between country and city will revert to the norms of the Middle Ages. Landowners will be barons again.
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What seems certain is
that the terms of trade between country and city will revert to the norms of
the Middle Ages. Landowners will be barons again. -
Food will never be so cheap again
Biofuel refineries in the US have set fresh records for grain use every month
since May. Almost a third of the US corn harvest will be diverted into
ethanol for motors this year, or 12pc of the global crop.
Money figures show there's trouble ahead - Telegraph
Private credit is contracting on both sides of the Atlantic. The M3 money data is flashing early warning signals of a deflation crisis next year in nearly half the world economy. Emergency schemes that have propped up spending are being withdrawn, gently or otherwise.
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Private credit is contracting on both sides of the Atlantic. The M3 money data
is flashing early warning signals of a deflation crisis next year in nearly
half the world economy. Emergency schemes that have propped up spending are
being withdrawn, gently or otherwise.
The Automatic Earth
About this site - Stoneleigh and Ilargi present a daily overview of Debt, Diesel and Dämmerung.
The contents of this website should be used for entertainment purposes only. Hypothetically, that is.
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About this site
Spain tips into depression - Telegraph
Spain is sliding into a full-blown economic depression with unemployment approaching levels not seen since the Second Republic of the 1930s and little chance of recovery until well into the next decade, according to a clutch of reports over recent days.
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Spain is sliding into a full-blown economic depression with unemployment
approaching levels not seen since the Second Republic of the 1930s and
little chance of recovery until well into the next decade, according to a
clutch of reports over recent days.
Wall Street risks red October as rebound looks frothy | Reuters
NEW YORK (Reuters) - Financial markets are off to the races and Wall Street has all but declared victory.
A surge in prices for both risky and safe assets is alarming some analysts who say emergency rescue measures that helped markets rebound may be setting them up for a new fall.
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NEW YORK (Reuters) - Financial markets are off to the races and Wall Street has all but declared victory.
A surge in prices for both risky and safe assets is alarming some analysts who say emergency rescue measures that helped markets rebound may be setting them up for a new fall.
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NEW YORK (Reuters) - Financial markets are off to the races and Wall Street has all but declared victory.
A surge in prices for both risky and safe assets is alarming some analysts who say emergency rescue measures that helped markets rebound may be setting them up for a new fall.
HSBC bids farewell to dollar supremacy - Telegraph
The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.
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The sun is setting on the US dollar as the ultra-loose monetary policy of the
US Federal Reserve forces China and the vibrant economies of the emerging
world to forge a new global currency order, according to a new report by
HSBC.
Libraries post notice warning of Oct. 2 closing | Philadelphia Inquirer | 09/14/2009
Besides closing libraries, the Nutter administration's so-called Plan C doomsday budget includes eliminating court-system funding, shutting down all recreation centers and laying off up to 3,000 workers, including police and firefighters.
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The Free Library of Philadelphia has posted notices at its branches and on its web site advising users that all libraries will close at the end of business on Oct. 2 if the state Legislature does not act on the city's budget request.
The notices also say that all material will now be due Oct. 1 and that nothing can be borrowed after Sept. 30.
Besides closing libraries, the Nutter administration's so-called Plan C doomsday budget includes eliminating court-system funding, shutting down all recreation centers and laying off up to 3,000 workers, including police and firefighters.
Layoff notices could go out on Friday if the Legislature does not approve the city's request for a temporary sales-tax hike and a two-year deferral of payments into the pension fund.
In its online notice, the Library urges its customers to contact their elected officials and provides links on how to do that.
The following is the text of the notice posted by the Free Library:
PSU oil cos may lose Rs 45000cr - India Business - Business - NEWS - The Times of India
NEW DELHI: State-run retailers IOC, BPCL and HPCL may lose about Rs 45,000 crore on selling auto and cooking fuels below cost this fiscal, two-third of which will be compensated by the government by issuing bonds.
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NEW DELHI: State-run retailers IOC,
BPCL and HPCL may lose about Rs 45,000 crore on selling auto and cooking fuels
below cost this fiscal,two-third of which will be compensated by the government
by issuing bonds.
Real Unemployment Rate Now Near 14% « True Cost – Analyzing our economy, government policy, and society through the lens of cost-benefit
The Wall Street Journal explores this issue, and estimates current unemployment at 13.3% using the pre-1994 measurement method. Using this broader measure, 1 in 7 Americans can no longer find enough work.
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The Wall Street Journal explores this issue, and estimates current unemployment at 13.3% using the pre-1994 measurement method. Using this broader measure, 1 in 7 Americans can no longer find enough work.
Project World Awareness » Blog Archive » US tyre duties spark clash
A full-blown trade row erupted on Sunday night between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.
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A full-blown trade row erupted on Sunday night between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.
A Surge in Homeless Children Tests School Aid Programs - NYTimes.com
The rise, to more than one million students without stable housing by last spring, has tested budget-battered school districts as they try to carry out their responsibilities - and the federal mandate - to salvage education for children whose lives are filled with insecurity and turmoil.
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The rise, to more than one million students without stable housing by last spring, has tested budget-battered school districts as they try to carry out their responsibilities — and the federal mandate — to salvage education for children whose lives are filled with insecurity and turmoil.
Insiders sell like there's no tomorrow - Sep. 10, 2009
Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?
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Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?
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Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?
US imposes 35% additional duty on Chinese tyres - International Business - Business - NEWS - The Times of India
In an effort to protect the domestic tyre market, US President Barack Obama has imposed a whopping 35% additional import duty on
Chinese tyres.
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WASHINGTON: In an effort to protect
the domestic tyre market, US President Barack Obama has imposed a whopping 35%
additional import duty onChinese tyres. The additional import duty would be in
force for three years, however, it would decline by five per cent each in
subsequent years.
The Automatic Earth: September 11 2009: Through the prism of fraud and poverty
That doesn't make them any more true, though. You simply can't grow your economy by borrowing money from yourself. Still, that is, in the final analysis, the only underlying cause for the rally we're about to see run out the door never to return.
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The human mind in all its segments and facets, developed over millions of years, is the ultimate and perfect sucker for such ideas.
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On August 15th, when BB&T (BBT) purchased failed US bank Colonial Bank, it wrote down Colonial Bank’s loans and real estate collateral by 37% and Colonial Bank’s construction loans by 67%. Yes, 67%! The severe markdowns of Colonial Bank’s assets should have set off warnings akin to a five-alarm fire among the financial media, but it did not, for the media increasingly caters to the interests of the elite bankers of this world at the cost of truth and freedom.
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Weatherford Cut 3,000 Jobs; More Reductions Planned (Update2) - Bloomberg.com
July 20 (Bloomberg) -- Weatherford International Ltd., the world’s biggest provider of artificial-lift services that boost oil flow in wells, has cut more than 3,000 jobs and plans more reductions as customers keep pressing for lower rates.
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July 20 (Bloomberg) -- Weatherford International Ltd., the
world’s biggest provider of artificial-lift services that boost
oil flow in wells, has cut more than 3,000 jobs and plans more
reductions as customers keep pressing for lower rates.
Economic Survey 2008-09: Over 60% Indians live on Rs 20/day - India Business - Business - NEWS - The Times of India
The debate over poverty levels in the country found resonance in the Economic Survey with the report stating that 60.5% of the population was capable of spending only Rs 20 a day as per the latest National Sample Survey.
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The debate over poverty levels in the
country found resonance in the Economic Survey with the report stating that
60.5% of the population was
capable of spending only Rs 20 a day as per the
latest National Sample Survey.
Pensions experts predict 'horrific news' on funds - Telegraph
Calls for the trustee system to be overhauled, as the retirement funds crisis deepens and Royal Mail mulls changes to its pensions scheme.
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Calls for the trustee system to be overhauled, as the retirement funds crisis
deepens and Royal Mail mulls changes to its pensions scheme.
Project World Awareness
Our principles upon which we place our mission are Liberty, Integrity, Fraternity and Equality or LIFE. Seeming to clash at times, we believe that these principles provide the foundation upon a growing, free and changing society, community and individual can understand the ourselves and each other.
The Oil Drum | The Psychological and Evolutionary Roots of Resource Overconsumption Revisited
Editor's note: I have learned a great deal more on the twin drivers of consumption - relative status and habituation/addiction since what follows was first written. However, despite best intentions, I am personally even more habituated to stimulation offered in modern American culture and my life still has about the same physical dependence on oil's emergent properties as it did back then. On the bright side however, I have continued my decade long shift of 'competition for status' away from pecuniary metrics...
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Editor's note: I have learned a great deal more on the twin drivers of consumption - relative status and habituation/addiction since what follows was first written. However, despite best intentions, I am personally even more habituated to stimulation offered in modern American culture and my life still has about the same physical dependence on oil's emergent properties as it did back then. On the bright side however, I have continued my decade long shift of 'competition for status' away from pecuniary metrics...
The Oil Drum | Status and Curiosity - On the Origins of Oil Addiction
“Selfish behaviors are reward driven and innate, wired deeply into the survival mechanisms of the primitive brain, and when consistently reinforced, they will run away to greed, with its associated craving for money, food, or power. On the other hand, the self restraint and the empathy for others that are so important in fostering physical and mental health are learned behaviors – largely functions of the new human cortex and thus culturally dependent. These social behaviors are fragile and learned by imitations much as we learn language". Dr. Peter Whybrow - "American Mania"
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“Selfish behaviors are reward driven and innate, wired deeply into the survival mechanisms of the primitive brain, and when consistently reinforced, they will run away to greed, with its associated craving for money, food, or power. On the other hand, the self restraint and the empathy for others that are so important in fostering physical and mental health are learned behaviors – largely functions of the new human cortex and thus culturally dependent. These social behaviors are fragile and learned by imitations much as we learn language". Dr. Peter Whybrow - "American Mania"
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