05/06/2016

Tropical Storm Colin Advisory Thread: 06.07 0500 – SC/NC Your Turn

by John Galt June 5, 2016 11:05 ET You just have to love it when you finish updated then drift over to Accuweather to see this as your forecast tomorrow: UPDATE 06.05.16 18:00 ET: Recon has found sustained winds which justify an upgrade to  Tropical Storm Colin by the NHC. This is the earliest time in recorded history that a third Tropical Storm/Hurricane has ever formed since records have been kept by the US Government. UPDATED ADVISORY FROM NHC: 000 WTNT63 KNHC 052135 TCUAT3 TROPICAL STORM COLIN TROPICAL CYCLONE UPDATE NWS…


Saudi Aramco Blunders Again by Raising Oil Prices to Asia During a Bear Market

by John Galt June 5, 2016 10:40 ET The national oil company of Saudi Arabia, ARAMCO, announced today that they will be raising oil prices to Asian customers due to “robust demand.” In reality, this move flies into the face of reality and logic as the bounce in oil prices at this time is nothing more than a dead cat rebound in the midst of an over-supplied global bear market rout. Or did the Saudis just decide to ignore this picture and act for different reasons? Thus the story from Bloomberg…


Swiss Voters Overwhelmingly Reject Universal Basic Income Proposal

by John Galt June 5, 2016 08:10 ET In what will become the debate for all Western societies in the next ten years, Switzerland became the first nation to tackle the concept of the Universal Basic Income (UBI) in the current era. The thinking behind this idea is that technological advances and for capitalism to survive with a ‘human’ approach to dealing with citizens unable to cope with the modern requirements for employment will require taxation and redistribution of wealth to enable those at the lower rungs of society to survive…


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