Submitted by Gail Tverberg via Our Finite World blog,
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into surpluses and low prices. What is going on that was missed by M. King Hubbert, Harold Hotelling, and by the popular understanding of supply and demand?
Scared... you should be...
These guys were...
Can it get worse?Flight 666 to HEL on Friday 13th pic.twitter.com/sZeaSFpVCD
— Mike (@FR24mike) May 13, 2016
Submitted by Jim Quinn via The Burning Platform blog,
I find J.C. Penney to be a sick joke. The executives of this company think they can put out positive press releases and have their financial statements not properly show in the earnings press release to cover up the fact their financial results are deteriorating – not improving. CNBC will dutifully report the corporate lies. Checkout the press release where, for some reason, the financial results don’t format. Must be a glitch. Right?
For those confused by the whole power triangle between Ted Cruz, Hillary Clinton, and Donald Trump, and which candidate stood for what and represents whom, the following brief anecdote from the Guardian should explain all one needs to know.
The world’s top 25 hedge fund managers earned $13bn last year – more than the entire economies of Namibia, the Bahamas or Nicaragua. Kenneth Griffin, founder and chief executive of Citadel, and James Simons, founder and chairman of Renaissance Technologies, shared the top spot, taking home $1.7bn each.
Anonymous hackers claim they have taken down the Bank of England’s internal email server as part of an operation dubbed ‘OpIcarus’ The hacktivist collective Anonymous said they were launching cyber-attacks on major financial institutions across the world, including the Bank of England, in order to “start an online revolution.” RT reports: Mail.bankofengland.co.uk was down for part of Friday.