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Australian Truck Drivers Vow To Block Every Major Highway In Radical Anti-Lockdown Strike
Australian Truck Drivers Vow To Block Every Major Highway In Radical Anti-Lockdown Strike As Australians take to the streets to protest the country’s lockdown measures – most recently clashing with police over the weekend, Aussie truck drivers are planning to shut down every major highway across the country and have advised people to ‘stock up on groceries.’ One driver, […]
Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse
Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse You came in like a wrecking ball “There was nothing that I or anyone else saw that indicated a collapse in 11 days.” At some point ahead, if the Fed announces QE tapering at the September FOMC meeting –despite an evident economic slowdown, no […]
Beirut Goes Dark As Economic Tailspin Sees Dire Fuel & Electricity Shortages
Beirut Goes Dark As Economic Tailspin Sees Dire Fuel & Electricity Shortages Starting Wednesday night Lebanon’s Central Bank announced that fuel subsidies have been halted, already at a moment where there’s been scarcity of both gas and electricity. Fuel prices are expected to at least quadruple, leading to a national scramble for fuel, exacerbating rolling blackouts akin to what’s […]
Supply-Chains Brace For Collapse: Port Of LA Fears Repeat Of “Shipping Nightmare” As China Locks Down
Supply-Chains Brace For Collapse: Port Of LA Fears Repeat Of “Shipping Nightmare” As China Locks Down Yesterday we reported that with container shipping rates already blowing out to never before seen levels amid continued chaos in Transpacific shipping as a result of massive port backlogs and production delays in China due to the relentless onslaught of the […]
Plunging Crop Supplies Send Prices Soaring And Reignite Food Inflation Fears, WASDE Reports
Plunging Crop Supplies Send Prices Soaring And Reignite Food Inflation Fears, WASDE Reports The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report was released Thursday afternoon and pointed to declining grain supplies that sent grain futures prices higher and will keep food inflation in focus. The closely watched supply and demand report slashed estimates for corn […]
200 Million Americans Roast In Two Massive “Heat Domes”
200 Million Americans Roast In Two Massive “Heat Domes” At the beginning of the week, we told readers the dog days of summer have finally arrived with above-average temperatures for most of the country. By late Thursday, watch/warning/advisory alerts for dangerous heat extended to nearly 200 million Americans as multiple heat domes scorch the Pacific Northwest, Central […]
IEA, OPEC Slash Oil Demand Outlook Amid “Headwinds” From Spreading Delta Variant
IEA, OPEC Slash Oil Demand Outlook Amid “Headwinds” From Spreading Delta Variant The International Energy Agency and Goldman Sachs are both warning that global oil demand is facing headwinds due to the spread of the COVID-19 Delta variant: “Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in […]
Frost Bites Brazilian Sugar Crop As Prices Zoom Higher
Frost Bites Brazilian Sugar Crop As Prices Zoom Higher Brazil’s top producing regions for coffee, oranges, and sugar have been devastated by the worst weather in decades and could leave a lasting impact on prices, according to Bloomberg. The South American country is one of the world’s leading coffee, sugar, and orange producers experienced a cold snap and drought this […]
“Code Red For Humanity” – UN Warns Climate Change Likely Can’t Be Stopped, And China Is Biggest Contributor
“Code Red For Humanity” – UN Warns Climate Change Likely Can’t Be Stopped, And China Is Biggest Contributor Paging Greta Thunberg… On Monday morning millions of smartphone users awoke to a flurry of push alerts from news organizations touting urgent, ground-breaking news: what Bloomberg described as an “epochal” new report from “the world’s top climate scientists” warned […]
Dixie Wildfire Becomes Largest Active Fire In US, Charing Nearly Half Million Acres
Dixie Wildfire Becomes Largest Active Fire In US, Charing Nearly Half Million Acres The Dixie Wildfire continues to ravage hundreds of thousands of acres, fueled by strong winds and bone-dry vegetation in Northern California. The wildfire has become the third-largest in California history, and the largest in the US as more than a hundred large […]
“Agricultural Catastrophe” – France Forecasts 30% Plunge In Wine Production Amid Cold Spells, Heavy Rains
“Agricultural Catastrophe” – France Forecasts 30% Plunge In Wine Production Amid Cold Spells, Heavy Rains Oenophiles will be heartbroken to learn that the world’s second-largest wine-producing country is expected to slash production by as much as 30% this year due to spring frosts and summer downpours caused disease in grapes. “Wine production in 2021 is […]
Lake Oroville Hydro Power Plant Shut Down For First Time Due To Megadrought
Lake Oroville Hydro Power Plant Shut Down For First Time Due To Megadrought One of California’s most important hydroelectric plants has ceased operations due to falling water levels, according to the Department of Water Resources (DWR). On Wednesday, Lake Oroville fell to a record low of 642-feet above mean sea level. By Thursday, the lake stood at […]
Southeastern Europe Devastated By Wildfires
Southeastern Europe Devastated By Wildfires A dangerous heat wave is ravaging parts of southeastern Europe resulting in wildfires across Turkey, Greece, and Italy, according to VOA News. Firefighters across the European Union arrived in Turkey on Monday. The wildfires have burned for at least one week as political opposition mounts against President Recep Tayyip Erdogan for his sluggish […]
“Apocalyptic Scenes” – Wildfires Consume Turkey
“Apocalyptic Scenes” – Wildfires Consume Turkey Wildfires have been ravaging Turkey’s Mediterranean coast for the past few days, killing four, burning thousands of building structures, and affecting more than a dozen provinces. Turkish presidential spokesman Ibrahim Kalin called the wildfires a national disaster. According to Reuters, at least 60 wildfires have broken out across the country’s […]
China’s Taishan Nuclear Reactor Shut Down For “Maintenance” Amid Fears Of Radiation Leak Cover-Up
China’s Taishan Nuclear Reactor Shut Down For “Maintenance” Amid Fears Of Radiation Leak Cover-Up Weeks ago the Chinese government sought to downplay – but also admitted – an incident at Taishan nuclear plant near Hong Kong which involved damage to fuel rods, also amid wider suspicions of a radiation leak, mainly being spotlighted by entities based outside […]
