iBankCoin
Wake up. Break the cycle. Teach your children.
Joined Oct 24, 2016
1,143 Blog Posts

OJ Futures Spike After Irma Wipes Out Half Of Florida Crops

Florida has just produced its smallest crop of oranges since WWII after hurricane Irma wiped out almost half of the state’s legendary orange crop with its 160 mph winds, according to the USDA

Gene McAvoy, an agriculture expert with the University of Florida said “About 70 percent of what they were projecting is lost across the board.”

The news sent OJ futures spiking, and is expected to result in higher prices for oranges and orange juice at the store.

Courtesy of ZeroHedge

The November OJ futures contract is up around 20% since the end of August, surpassing the initial spike from Irma.

CNBC reports

“We’ve actually taken out the highs from the hurricane rise,” said Jack Scoville, vice president for Price Futures Group in Chicago. He noted that the futures made it to about $1.60 a pound as Hurricane Irma was hitting but once the storm passed prices fell back to around $1.42 a pound.

McAvoy also said that overall citrus losses in Florida are around 70 percent statewide – and up to 90 percent in the south where the hurricane made landfall. “As you move north in the state, it goes lower,” he said.

California is also a problem

Thanks to heavy rains last spring which helped end the massive drought in CA, many citrus trees lost their blooms – and many more have been weakened from years of drought.

“The California citrus crop is smaller than it’s been in the past five or six years,” said Joel Nelsen, president of the California Citrus Mutual, which represents more than 80 percent of the state’s citrus industry. “We’re attributing that to two things: the rain in the spring knocked off a lot of blossoms and … trees are still tired from the drought.” -CNBC

The good news is that while CA and FL production has been hampered, the citrus industry can import oranges and other fruits from Spain, Morocco, and other regions.

Comments »

Did California’s Plastic Bag Ban Cause Massive Hepatitis A Outbreak?

ZeroHedge is out with another report on the San Diego Hepatitis A outbreak, which on the verge of reaching “statewide epidemic status” after killing over a dozen people and infecting over 400.

The disease is transmitted through contaminated food, or touching surfaces containing infected feces before touching one’s eyes, nose, or mouth. California’s outbreak is being spread primarily person-to-person, almost exclusively within the homeless community.

To combat the outbreak, San Diego has been pressure washing sidewalks with bleach in order to sanitize the streets.

 

And now, the LA Times reports that the outbreak which began in March is spreading through homeless tent cities from San Diego to Sacramento.

 California’s outbreak of hepatitis A, already the nation’s second largest in the last 20 years, could continue for many months, even years, health officials said Thursday.

At least 569 people have been infected and 17 have died of the virus since November in San Diego, Santa Cruz and Los Angeles counties, where local outbreaks have been declared.

Dr. Monique Foster, a medical epidemiologist with the Division of Viral Hepatitis at the U.S. Centers for Disease Control and Prevention, told reporters Thursday that California’s outbreak could linger even with the right prevention efforts.

“It’s not unusual for them to last quite some time — usually over a year, one to two years,”Foster said.

While San Diego is ground zero for the outbreak, over 80 people have been diagnosed in Santa Cruz and L.A. counties – leading many to wonder how it began.

Plastic bag ban?

With the passage of Proposition 67 in the November 2016 election, California became the first state in the nation to institute a state-wide ban of single-use bags – which went into effect the day after the election on November 9.

It stands to reason that with no more cheap, convenient, and ubiquitous plastic bags to use, homeless people are now spreading hepatitis-rich feces all over the streets.

The outbreak in San Diego also comes on the heels of a massive reduction in transitional housing for the homeless, which has increased concentrated ‘tent cities.’

According to the San Diego Union Tribune, many locals feel the Hepatitis outbreak was avoidable.

This whole crisis is man-made,” said Michael McConnell, a La Jolla coin dealer and advocate for homeless residents. “The response is certainly much too late, based on when they knew they had a serious problem. Even today, all they’ve done is the most easy stuff. They have taken zero bold action.”

 “The reason the outbreak has spread so rapidly is because homeless are living in more concentrated areas,” said Dr. Jeffrey Norris, the St. Vincent De Paul medical director who has been managing the charity’s response to the public health threat. “They often have to defecate in their tent, or next to their tent, and that exposes their neighbors on the street. Hygiene becomes incredibly difficulty.”

San Diego was supposed to have set up hand-washing stations, however foot dragging and red tape leave the homeless community without a way to clean up after defecating. “The city has failed in the worst possible way,” McConnell said. “The city and the county have failed in the worst possible way.”

Comments »

Virtue Signaling Ben Affleck ‘Saddened and Angry’ About Weinstein, Immediately Called Out For Molesting Two Women

After actor Matt Damon had to answer for pressuring a New York Times reporter to drop a negative story on disgraced Hollywood Mogul Harvey Weinstein, his good buddy Ben ‘get them titties out‘ Affleck was called out by two women who claim the actor sexually molested them, while a third says he was well aware of Weinstein’s predatory behavior.

After Affleck’s virtue signaling statement that he was “saddened and angry” at Weinstein’s behavior (without actually naming him), actress Rose McGowan – featured in the bombshell NYT report on Weinstein’s inappropriate behavior – called BS on his statement…

Ben allegedly didn’t “do” much to make sure it didn’t happen to Rose (again)…

And on Wednesday, actress Hilarie Burton responded to a tweet that Affleck had grabbed her breasts during an appearance on MTV’s “TRL” (Total Request Live):

For which Affleck apologized:

Only to be accused hours later of molesting another Hollywood female, makeup artist Annamarie Tendler, at a Golden Globes party three years ago.

One has to wonder if Ben is “saddened and angry” that he just got called out?

Comments »

Hackers Penetrate PornHub Ads, Users Shafted By Wide Spread ‘Malvertising’ Campaign

Cybersecurity firm Proofpoint has uncovered a year-old scheme to infect PornHub users with malware while they’re blowing off steam; a ‘malvertising’ ad campaign which tricks users into downloading a ‘software update’ for Chrome, Firefox and Adobe Flash which tracks users and sends information to a third party.

Newsweek reports:

The so-called malvertising campaign reportedly exposed millions of potential victims in the U.S., Canada, the U.K. and Australia but has since been shut down after PornHub and its ad network were notified of the activity.

The malvertising group behind the latest campaign, nicknamed KovCoreG by the researchers, used their ads on the porn site to redirect users to a scam site that asked them to download a browser update.

Different variations were used with Chrome, Firefox and Internet Explorer to trick the user to download the update.

Instead of downloading the update, the user inadvertently installed Kovter, a variant of malware that allows hackers to track a victim’s traffic and personal information. Most users may not have even noticed a change in their systems when the malware downloaded, according to the researchers.

Javvad Malik from of security firm AlienVault, said: “Malvertising campaigns are a favoured avenue for many attackers. In 2016, Google removed 12 million bad ads which, aside from malware, included illegal product promotion and misleading ads.”

Meanwhile, PornHub said they “acted swiftly” to remove the infected content and eliminate the risk to users who may be tricked into installing malicious updates.

“While the payload in this case is ad fraud malware, it could just as easily have been ransomware, an information stealer, or any other malware.”

In other words – instead of just tracking user habits, the PornHub exploit could have raped wallets.

Comments »

Kobe Steel Loses 34% Of Market Value In Two Days Amid Falsified Data Scandal

Kobe Steel Group has lost 34% of its market value in two days as a serious scandal engulfs the Japanese metals company. Last weekend, Kobe announced that it had falsified data on the quality of aluminum and copper it sold, igniting a firestorm affecting the global supply chain and throwing Japan’s reputation for precision manufacturing into doubt.

The announcement is likely to affect hundreds of companies, including automakers such as Toyota, GM, and Ford, as well as aircraft manufacturers Boeing and Mitsubishi heavy industries. Roughly 19,300 tons of flat-rolled and extruded aluminum products, 19,400 units of aluminum casting and forgings, and 2,200 tons of copper products were affected.

On Wednesday, the scandal deepened, as Kobe Steel announced that iron powder products had been affected as well. Iron powder is used to cast all sorts of high-stress engine and other mechanical parts, such as camshafts, shock absorbers, and transmission parts.

Employees at four Kobe factories had altered inspection certificates from September 2016 – August 2017 in order to make it appear as if the metals had met manufacturing specifications required by customers – including requirements for safety-related tolerances such as tensile strength.

Complicated business

Now, affected industries will have to forensically determine if metal they’ve purchased has come from Kobe Steel – a daunting task, as multinationals tend to source from many suppliers and producers. If and when substandard materials are discovered, it will undoubtedly lead to massive recalls on planes, trains, automobiles, building construction materials, bridges, ski lift cables, and a variety of other applications in which failure means potential death.

Loss of honor and reputation

The New York Times writes:

The scandal hits a tender spot for Japan. The country relies on its reputation for quality manufacturing as a selling point over China and other countries that offer cheaper alternatives. But its reputation has been marred by a series of problems at some of Japan’s biggest manufacturers.

Last week, Nissan Motor said unqualified staff members had carried out inspections at its factories, prompting the carmaker to recall 1.2 million vehicles, though it was not clear if the quality of the vehicles had been affected. Mitsubishi Motors and Suzuki Motor both admitted last year that they had been exaggerating the fuel economy of their vehicles by cheating on tests.

Perhaps the biggest blow to Japan’s reputation for quality has come from Takata, the airbag maker that was at the center of the largest auto safety recall in history, involving tens of millions of vehicles. Its faulty airbags have been blamed for more than a dozen deaths. Takata declared bankruptcy in June.

“The falsification problem has become an issue that could destroy international faith in Japanese manufacturing,” said Japanese financial newspaper Nikkei on Tuesday.

Japan’s reputation for quality and precision has helped its metals industry to hold its own against China – the world’s #1 manufacturer of steel.

Kobe Credit Default Swaps (CDS) through the roof

Five-year CDS on Kobe Steel have gone up 400% in two days, reaching 248 basis points according to the Financial Times.

Kobe Steel said that “tens” of employees were responsible for the falsifications. What a disaster.

Comments »

California Wine Enthusiasts Brace For Higher Prices And ‘Smoke Taint’ After Fires Destroy Five Vineyards

As fire rages across Northern California, killing 15 and forcing over 20,000 people to evacuate after burning at least 73,000 acres, Napa valley wine enthusiasts are bracing for a rise in wine prices from smaller producers, as well as a phenomenon referred to as “smoke taint,” which occurs when smoky particulates in wildfire-affected areas are absorbed by grape vines and berries.

Often referred to as “off-flavors,” connoisseurs sometimes describe “smoke taint” flavors as “‘smoky,’ ‘bacon,’ ‘campfire’ and ‘ashtray,’ are usually long lasting and linger on the palate even after the wine is swallowed or spit out,” according to a smoke taint primer from ETS Laboratories, which performs scientific analyses for the wine industry.

With zero containment of the active fires in Napa and at least five vineyards destroyed so far, it is impossible to gauge which remaining wineries will be most affected or how much of the 2017 crop will be affected by smoke taint. Despite the fact that much of the 2017 harvest already in, fruit left to ferment in open-air containers as well as grapes left on the vine to extract maximum flavor are at risk.

The Reno Gazette Journal reports:

“Some of these grapes are left to hang to create more sugar content, more ripeness, more voluptuousness, to create the Napa style,” said Christian O’Kuinghttons, a sommelier and cellar master in Reno, Nev., with ties to the California wine country lying about 3 1/2 hours west.

“You could have smoke taint with whatever is left to be harvested. The vines have no other choice but to breathe it in.”

While methods exist to remove the smoke taint flavoring, they “take away all the character of the wine,” O’Kuinghttons said.

Atlas Peak Fire

The main fire in Napa County is the Atlas Peak Fire, which started late Sunday night. Atlas Peak, in the foothills of the Vaca range, lies northeast of the city of Napa. The Atlas Peak appellation is known for growing varietals like cabernet sauvignon, cabernet franc, merlot, malbec and petit verdot that producers fashion into boldly flavored reds.

The Atlas Peak fire spread from the Vaca foothills to the southwest, roughly along Silverado Trail, a major Napa Valley artery, until it reached the outskirts of the city of Napa. The blaze has encompassed about 25,000 acres.

According to the Associated Press, affected wineries in the Atlas Peak Fire zone include Signorello Estate, a now-destroyed producer of reds and red blends, and William Hill Estate Winery, a producer of chardonnay and Bordeaux-style reds whose sign and landscaping were singed but whose winery survives.

PlumpJack Winery, at the edge of the zone to the north, posted to Facebook on Tuesday that “by some miracle, all four of our Napa Valley wineries were untouched by the devastating fire,” although “both PlumpJack and Odette Estate wineries are without power and inaccessible.”

The main fire in Sonoma County, the Tubbs Fire, also began late Sunday, near the city of Calistoga in Napa County, before spreading over the border to the city of Santa Rosa and surrounding areas. The fire has engulfed more than 27,000 acres.

Tubbs Fire

On the Napa side, a portion of the Calistoga appellation lies within the Tubbs Fire zone. The appellation, with vineyards as high as 1,200 feet in elevation, is known for its cabernet sauvignon, zinfandel, merlot and cabernet franc, all red varietals, and its sauvignon blanc, a white varietal.

Chateau Montelena Winery, famed for winning the white wines in the 1976 Judgment of Paris tasting, when upstart California wineries bested several vaunted French houses, lies within the Calistoga appellation.

On Monday, the winery posted to Facebook that “the winery remains out of harms way, but with fires still burning, roads closed and many of our employees evacuated,” all tours and tastings have been canceled.

On the Sonoma side, the Tubbs Fire zone includes an area tightly populated by wineries in the southern portion of the Russian River Valley to the north of Santa Rosa. According to the Associated Press, Paradise Ridge, a producer of sauvignon blanc, chardonnay and pinot noir, has been destroyed.

‘Too early to tell’

Even wineries left untouched or lightly touched by actual flames can be affected by smoke taint from surrounding fires. And some wineries will face far worse than taint: the partial or total destruction of their vineyards by wildfire.

“The only thing the winery can possibly do is treat the soil and replant,” O’Kuinghttons, the sommelier and cellar master, said. “It’s going to take five to seven years or even more to get fruit that is even comparable to the fruit you used to get. You’re looking at a seven-year drought for wine. That’s concerning.”

Economics of wine

Riley added that consumers should not assume an automatic rise in wine prices next year as a result of the wildfires.

A smaller winery affected by the fires, one that produces only a few thousand cases annually, could very well increase its prices for the 2017 vintage and several vintages beyond, Riley said.

But “if it’s a large winery, if they are financially stable and can handle (the effects of the fire) long-term, they may say, ‘We’ve got other assets, we’ve got vineyards in Chile,’ and hold their prices. There’s a lot of economics involved.”

Comments »

Terry Crews Says Weinstein Case Giving Him PTSD After Recalling Time Hollywood Exec Grabbed His Dick

After the New York Times report on sexual predator Harvey Weinstein broke, the floodgates appear to have opened – as several Hollywood stars have come forward with their stories of abuse at the hands of executives.

Actor Terry Crews went public with his own tale of abuse over Twitter in a series of tweets Tuesday afternoon, revealing that he was groped by an unnamed male Hollywood executive at an industry party last year.

Crews says he almost beat the guy down, but didn’t out of concern for negative press – tweeting “240 lbs. Black Man stomps out Hollywood Honcho.”

The unnamed exec apologized the next day, and Crews let the incident go over fear of being blacklisted.

Read Terry’s tweets below:

Comments »

NFL’s Roger Goodell Bends The Knee, Says “Everyone Should Stand” For National Anthem

It appears NFL leadership has gotten its shit together over the whole National Anthem kneeling thing – as Dow Jones reports team owners are considering a rule change which would require players to stand during the national anthem, while Commissioner Roger Goodell has had a change of heart – declaring that “everyone should stand for the national anthem.”

The Hill reports:

Goodell said the controversy over NFL players kneeling in protest during the anthem “is threatening to erode the unifying power of our game, and is now dividing us, and our players, from many fans across the country.”

“Like many of our fans we believe that everyone should stand for the National Anthem. It is an important moment in our game. We want to honor our flag and our country, and our fans expect that of us,” Goodell added in his statement.

“We also care deeply about our players and respect their opinions and concerns about critical social issues. The controversy over the anthem is a barrier to having honest conversations and making real progress on the underlying issues. We need to move past this controversy, and we want to do that together with our players.”

This is in stark contrast to Goodell’s Sept 23rd statement, chastising President Trump’s condemnation of players refusing to stand:

“The NFL and our players are at our best when we help create a sense of unity in our country and our culture… Divisive comments like these demonstrate an unfortunate lack of respect for the NFL, our great game and all of our players.

Maybe Goodell and the team owners have some sort of new incentive to keep their players in line?

Meanwhile, Deadspin reports that a rule change sometime in the last three years allows the NFL to technically fine or suspend players for not standing during the anthem.

 

Comments »

O’KEEFE: NYT Editor Says He Was ‘Antifa Asset’ For Godfather James Comey

In the latest installment of James O’Keefe’s assault on the MSM, Project Veritas has posted a new undercover video of the New York Times’ Audience Strategy editor Nick Dudich – a former campaign staffer for both Clinton and Obama, who revealed himself to be a literal shill and an agent of the deep state.

Highlights:

  • Admitted to repeatedly promoting content meant to damage President Trump’s businesses
  • Targeted Trump’s “dumb fuck of a son, Donald Jr., and Eric”
  • Admitted to pushing anti-Trump stories to the front page
  • Joined Antifa at the behest of his ‘godfather’ James Comey, former FBI director. “My dad and mom knew him and his wife for a really long time.”
    • “I joined that stuff for them [the FBI]. I was an asset… So it was intelligence gathering, seeing if they were [sic], what their agenda was, whether they’re a threat or not.”
    • Dudich later retracted the Antifa claim
  • Says he should have recused himself over the Comey hearing.

Full video here:

Comments »

Matt Damon Dissed Over Twitter Following Claim He And Russell Crowe Pressured Journalist To Drop Weinstein Abuse Story

Actor Matt Damon was dissed over Twitter Monday evening following viral claims that he and Russell Crowe pressured a New York Times journalist into dropping a negative story on Harvey Weinstein in 2004.

On Sunday, journalist and founder of The Wrap, Sharon Waxman, penned an op-ed detailing how Damon and Crowe called her “directly” to pressure  her into dropping a story about Miramax Italy’s head Fabrizio Lombardo handling “Weinstein’s women needs.”

The next day, actress Rose McGowan – who was featured in a bombshell NYT Exposé detailing Harvey Weinstein’s sexual abuse of young actresses, retweeted the story after it was picked up by vulture.com – asking “Do u realise [sic] how deep the cover ups go?”

Vulture.com reports:

Sharon Waxman, founder of the Wrap, writes that her own investigate reporting, which took her on an international trip to uncover rumors of Weinstein’s sexual misconduct, was cut from the Times in 2004 under pressure from several Hollywood elites. Waxman alleges in the Wrap that Matt Damon and Russell Crowe called her “directly” to dispel the reports she was following about Miramax’s Italian head Fabrizio Lombardo, who was allegedly hired “to take care of Weinstein’s women needs.”

In response to Waxman’s op-ed, the New York Times claims her story “did not have anything near what was revealed in our story,” adding “Mainly, she had an off-the-record account from one woman.”

McGowan then tweeted “Hey @mattdamon what’s it like to be a spineless profiteer who stays silent?”

Harvey’s Swan Song

As a result of the NYT piece last week, Weinstein was fired from his company – but not before he would send an embarrassing email to fellow hollywood bigwigs asking for their immediate support. Weinstein writes:

My board is thinking of firing me. All I’m asking, is let me take a leave of absence and get into heavy therapy and counseling. Whether it be in a facility or somewhere else, allow me to resurrect myself with a second chance. A lot of the allegations are false as you know but given therapy and counseling as other people have done, I think I’d be able to get there. 

I could really use your support or just your honesty if you can’t support me. 

But if you can, I need you to send a letter to my private gmail address. The letter would only go to the board and no one else. We believe what the board is trying to do is not only wrong but might be illegal and would destroy the company. If you could write this letter backing me, getting me the help and time away I need, and also stating your opposition to the board firing me, it would help me a lot. I am desperate for your help. Just give me the time to have therapy. Do not let me be fired. If the industry supports me, that is all I need. 

With all due respect, I need the letter today.

One wonders who wrote letters for Harvey?

The mogul does have his defenders, after all. Fashion Designer Donna Karen, who loves the pizza in Haiti – which is not known for its pizza, suggested to the Daily Mail that Weinstein’s alleged victims may have been ‘asking for it’ in a rambling interview.

Director Kevin Smith, on the other hand, is ashamed to have made money with Weinstein:

A 4chan post from 10 months ago suggests “The Fappening” leak of celebrity nudes all came from Weinstein’s iPhone:

How many Hollywood celebrities and executives – particularly those who feigned outrage at Donald Trump’s ‘pussy grabbing’ comment, have remained silent as countless humans beings were trafficked into Harvey Weinstein’s lair to satisfy his urges?

updated 10/10/17 @ 02:46 to reflect the fact that Damon never had a Twitter account

Comments »