On the first trading day of the year, stocks crashed after China shocked the world with a circuit-breaking market slide that was not contained by the government. On the second trading day, after the Chinese government intervened drastically, global equities stabilized if just barely.
by Keith Weiner
There is a populist idea of money printing. The idea is that banks can just print what they want, enriching themselves in a massive fraud. But, does it really work this way?
Let’s start with a simple case, which is clearly not money printing. We will build a series of examples by adding one element at a time, working our way up to banks, and the central bank. Then we can examine this idea of printing.
Standard & Poor’s slashed the credit ratings of 112 corporations around the globe to default (D) or selective default (SD) in 2015, according to S&P Capital IQ Global Credit. The highest number of global defaults since nightmare-year 2009, when a previously unthinkable 268 companies defaulted, and not far behind the second highest default tally of 125, in 2008.
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.