A recession is now inevitable. It was too much to expect China sustaining rapid economic growth in the face of a global slowdown. And China was our last hope…
How bad is it in Europe? “If I was a politician in Europe, I would commit suicide,” says it all. But European leaders have an ace up their collective sleeve…
Europe has effectively weighed down Greece’s private sector with a ball and chain and then asked it to jump 2 feet in the air. How do you think that went?
Why did European markets crash on Monday? One country is responsible and it’s not the US…
Accidents happen. And once-in-a-lifetime accidents could happen in YOUR lifetime. And so we come to the unsolvable core of nuclear power’s problem. You have to plan for the absolutely worst-case scenario. Even though it has a one-in-a-million chances of happening, you have no choice. So you put in place the “necessary” contingency/emergency/safety
Is there a more sad-sack sector than nuclear? Uranium is going for $54 a pound. It was $70 just a few months ago. Germany, Italy and Switzerland will be shutting down all of their reactors over the next 10-20 years. Nuclear’s future looks grim indeed. But is it really? Did you know
Greece is drowning in debt. And it has no way of paying it back. So it’s going to the European Central Bank (ECB) for yet another handout. And we get to play a guessing game: How much longer will the ECB keep handing out loans to the bankrupt Greek government? Nobody knows
While the crisis is cooling down in Japan it’s heating up in Europe. Japan’s earthquake drew attention away from Europe’s growing debt problems. But it’s Europe that’s in big trouble. The EU chose to attack its growing debt burden through austerity measures. The problem is that austerity kills demand and economic growth.
