A new scientific study published in Toxicology and Applied Pharmacology has proved that fracking wastewater causes cancer in humans. The paper titled, Malignant human cell transformation of Marcellus Shale gas drilling flow back water, confirms the suspicions already held by many people – that fracking pollution is carcinogenic. Scott.net reports: The new collaborative study was conducted by scientists at esteemed institutions in both the U.S.
Many people start a new year with renewed optimism. However, "New Year, Same Problems" is the meme of 2016... and recent trading has dashed some of that optimistic 'This time it's different' hope.
Courtesy of: Visual Capitalist
NEW YEAR, SAME PROBLEMS
Most investors and central bankers find themselves between a rock and a hard place to start 2016.
The Federal Reserve finally raised rates in December, but mainly in the interest of preserving credibility.
Submitted by Richard Ebeling via The Future of Freedom Foundation,
If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not the government.
Dow futures are down over 100 points from the cash close, testing the lows of the day following carnage in the Chinese currency markets. Despite the biggest drop in onshore Yuan since August devaluation, Offshore Yuan has collapsed to its lowest since September 2010. What is more worrisome (or positive for Kyle Bass) is that the spread between onshore and offshore Yuan has blown out to 1250 pips - a record - indicating dramatic outflows and/or expectations of further devaluation to come.
Yuan is in free-fall...
Everyone knows that at $35/barrel oil, virtually every US shale company is cash flow negative and is therefore burning through cash and other forms of liquidity such as bank revolvers and term loans, just as everyone knows that should oil remain at these prices, the US shale sector is facing an avalanche of defaults.
What is less known is who will be the next round of companies to default.