—- 200 YearsOfScorchitude: ProfessorWarns California ToBraceFor A "Mega-Drought" // ZeroHedge Two years into California’s drought and locals are repeating (mantra-like) "we’veneverseenanythinglikeit." They are right, of course, since this is the worst period of rainlessness since records began… but if Cal Berkeley professor Lynn Ingram is correct, they ain’t seen nothing yet. The paleoclimatologist fears, if very long-run history repeats, California should brace itself for a … Seguir leyendo 200 Years Of Scorchitude: Professor Warns California To Brace For A “Mega-Drought”

Según publica este martes Vozpópuli un juzgado de Oviedo ha condenado por primera vez a Bankia a reintegrar el dinero invertido en la colocación de acciones de la OPV de 2011. El juez ha considerado que se produjo mala comercialización por parte de la entidad al entender que a los clientes se les estaba engañando con el precio de las acciones y con una gran demanda … Seguir leyendo La Justicia considera una estafa la salida a Bolsa de Bankia y obliga a devolver el dinero

—- ChineseIron Ore StockpilesRiseToRecord As EndDemandPlummets // ZeroHedge It may not be one of the core three (somewhat) realistic and accurate econometric indicators of China’s economy (which as a reminderaccordingtopremier Li Keqiang are electricityconsumption, rail cargo volumeandbanklending), but when it comes to getting a sense of capacity bottlenecks in China’s fixed investment pipeline – be it in ghost cities or the latestskyscraperbuildingspree– nothing is quite … Seguir leyendo Chinese Iron Ore Stockpiles Rise To Record As End Demand Plummets

—- Energyconsumptiondownby 8% between 2006 and 2012 inthe EU28 // Eurostat Newsreleases Over the last two decades, gross inland energy consumption in the EU28, which stood at 1 670 million tonnes of oil equivalent (Mtoe) in 1990, rose to a peak of 1 830 Mtoe in 2006 and then decreased to 1 680 Mtoe in 2012. Between 2006 and 2012, gross inland energy consumption in … Seguir leyendo Energy consumption down by 8% between 2006 and 2012 in the EU28

—- JapaneseGDPandExportsSeriouslyUnderperformExpectations // Mish’s Global EconomicTrendAnalysis The huge string of unexpectedly sour economic data continues to pour in. Add Japan to the spotlight. The BBC reports Japan’sQuarterlyGrowthDisappointsAheadof Sales TaxHike. Japan’s economy grew less than expected last year, despite forecasts it would benefit from a jump in spending ahead of a sales tax increase in April. Gross domestic product rose by 1% on an annualized basis … Seguir leyendo Japanese GDP and Exports Seriously Underperform Expectations

—- U.S. PlungesTo 46th InWorldPressFreedomIndex… BelowRomania // ZeroHedge SubmittedbyMikeKriegerofLibertyBlitzkriegblog, Oneofmymost popular postsof 2013 highlightedthe decline ofAmerica’s once largeandenviablemiddleclass. Itwastitled: HowDoesAmerica’sMiddleClassRankGlobally? #27, andithelpedtodispelmanymythsAmericans (particularlythemainstream propaganda media) continuetotelltothemselves. As you might expect, the economic decline of a nationinto rule by a handfulofcorruptoligarchswillhavemanyothernegativerepercussions. One of these is a loss of civil rights and freedoms that many of us have taken for granted. Reporters Without Borders puts out their … Seguir leyendo U.S. Plunges To 46th In World Press Freedom Index… Below Romania

—- ErikSolheimcallsfor OECD countriesto do more toclampdownonillicitfinancialflowsfromthedevelopingworld. – ProjectSyndicate —- Shared via myfeedlyreader Seguir leyendo Erik Solheim calls for OECD countries to do more to clamp down on illicit financial flows from the developing world. – Project Syndicate

—- Chinese Capital MarketsFrozen As BadLoansSoarToHighestSince Crisis // ZeroHedge Chinese capital markets are quietlyturmoiling as debtissues are delayed and demand for "Trust" products – the shadow-banking-system’s wealth management ‘investments’ – is tumbling. As Nikkeireports, since January, 9 companieshavepostponedorcanceledissuanceplans (around $1 billion) and is most pronounced in privately-owned companies (who lack an implicit government guarantee). This, of course, is exactly what the PBOC wanted (to instill … Seguir leyendo Chinese Capital Markets Frozen As Bad Loans Soar To Highest Since Crisis

—- The Crisis CircleIs Complete: WellsFargoReturnsTo Subprime // ZeroHedge Those of our readers focused on the state of the housing market will undoubtedly rememberthischartwe compiled using the data from the largest mortgage originator in the US, Wells Fargo. In case there is some confusion, as a result of rising interet rates (meaning the Fed is stuck in its attempts to push rates higher), the inability … Seguir leyendo The Crisis Circle Is Complete: Wells Fargo Returns To Subprime

—- GreekUnemploymentHits New Record; PeopleEmployedDropsToRecordLow; 61.4% OfYouthWithout A Job // ZeroHedge Something funny happened on the Grecovery: the Grecession…. Actually, make that the Gepression. In a nutshell – according to Elstat, Greek unemployment in November rose to a record high on both a seasonally adjusted and unadjusted basis with 28% of the labor force without a job, the number of people unemployed rose to a … Seguir leyendo Greek Unemployment Hits New Record; People Employed Drops To Record Low; 61.4% Of Youth Without A Job