7 September, 2014 by The TZ Newswire Staff Comments Off on UK government lends hand to BP in U.S. Gulf oil spill ruling
UK government lends hand to BP in U.S. Gulf oil spill ruling
Supreme Court to review an appeals court ruling against BP Plc (BP.L) over a 2010 Gulf of Mexico oil spill that produced one of the largest class actions in American history. In a friend of court brief, the UK government said the ruling by U.S. District Judge Carl Barbier raises grave international concerns by undermining confidence in the “vigorous and fair resolution of disputes.” The filing said BP, which has “gone to great lengths to restore the Gulf Coast”, was now being required to pay large sums to others who were not injured by the Deepwater Horizon oil spill.
7 September, 2014 by The TZ Newswire Staff Comments Off on Shinzo Abe’s Six Most Worrisome Charts
Shinzo Abe’s Six Most Worrisome Charts
It is not hard to find an exemplary chart of the collapse of the Japanese economy – as we have been diligently exposing for the past few years despite Abenomics’ promises (tonight’s especially). Even Japanese government advisors are concerned:
7 September, 2014 by The TZ Newswire Staff Comments Off on Bank Fees Survey Mid-2014: Fees Hit New Highs
Bank Fees Survey Mid-2014: Fees Hit New Highs
The cost of banking is going up, but choosing wisely and following good banking habits can help you sidestep some of the rising fees.
7 September, 2014 by The TZ Newswire Staff Comments Off on NATO & 21st Century War-Time Currency Counterfeiting
NATO & 21st Century War-Time Currency Counterfeiting
Submitted by Martin Armstrong via Armstrong Economics,
The justification for war has been escalated where NATO now considers it legitimate to respond to a large-scale cyber attack on a Member State with military force.
This position has been the decision of the 28 Heads of State and Government at the NATO meeting regarding its new proclaimed jurisdiction with respect to cyberspace.
7 September, 2014 by The TZ Newswire Staff Comments Off on Maybe it was better when they ignored us
Maybe it was better when they ignored us
Nicolas Goetzmann sent me the following article in the FT, by Wolfgang Munchau:
7 September, 2014 by The TZ Newswire Staff Comments Off on Sunday Video With Setups
Sunday Video With Setups
The post Sunday Video With Setups appeared first on UpsideTrader.
7 September, 2014 by The TZ Newswire Staff Comments Off on To QE, or not to QE, that is NOT the question (Reply to Simon Wren-Lewis)
To QE, or not to QE, that is NOT the question (Reply to Simon Wren-Lewis)
We really ought to consider adopting a whole new monetary regime, NGDPLT. But what if the Fed refuses. What then? Then we are in the world of second best—QE and negative IOR. These are not good policies, but they are less bad than deep depressions or wasteful government spending. Here’s Simon Wren-Lewis: