iBankCoin
Home / Crisis (page 11)

Crisis

Dianne Feinstein Moves To Ban ALL Assault Rifles

“The agenda no longer needs to be hidden from public view. With President Obama winning another term and democrats taking control of the Senate, the move to fundamentally change America from within has begun – with a vengeance.

We’re all aware of the restrictive gun laws in the State of California which require low capacity magazines for handguns, fixed magazines for “assault” rifles, and a whole lot of running around just to be granted the right to carry a concealed firearm.

Now, Senator Dianne Feinstein (D-CA), who has championed gun control in her state for decades and co-wrote the original assault weapons ban enacted by the federal government in the 1990′s, wishes to bring even more stringent federal mandates to the land of the free.

 

What is being proposed by Feinstein is the most significant attack on the second amendment in history.”
Read more 

Comments »

There Will Be No Peace in Austerity Stricken Europe

The Greeks are rioting during a vote to reign in spending and install austerity measures. The problem is Greece is not the exception to the rule when it comes to protesting. Get ready for a whole lot of economic disruption in Europe.

Full article

Comments »

#SANDY GONE WILD: GAS FOR SEX

Sandy Gas Woes Continue: People Trading Gas For Sex On Craigslist

via CBS NEWS LOCAL

NEW YORK (CBSNewYork) – How far would go to get gas?

Long gas station lines and empty gas pumps have plagued drivers across New York and New Jersey since Superstorm Sandy slammed into the East Coast last Monday, leaving a gas shortage across the region.

Stories of price gouging and fights at gas stations have also been commonplace. But now it seems people — men in particular — are finding new ways to take advantage of gas-seeking Tri-State residents: Sex.

Comments »

Europe, Central Bank Spar Over Athens Aid

Greece is on strike and EU leaders, central banks, and pundits alike continue to disagree on how to help Greece. Never mind Spain and Italy for the moment.

A cluster fuck indeud….

Full article

Comments »

Report: Asian Credit Boom Planting Seeds for Next Financial Crisis

“An explosion in credit is setting the stage for the next financial crisis in Asia, according to a new research report from Capital Economics, CNBC reports.

The current Asian credit boom is much like the credit explosion in Ireland and the Baltic countries in their run up before the 2008 financial crisis, the report warns. The situation is particularly dangerous in Hong Kong, Vietnam and China.

Hong Kong, where abundant credit has helped home prices boom, now seems disturbingly like Ireland just before the 2008 financial crisis, the research warns, according to CNBC. ”

Read more

Comments »

Despite Reporting Profits Denmark’s Third Largest Lender Files for Bankruptcy, This Calls Into Question the Health of Global Banking

Denmark’s latest regional bank failure shows that even lenders that had reported growing profits can conceal risks big enough to shut them down.

Toender Bank A/S (TNDR), based in southwest Denmark close to the German border, was forced to declare bankruptcy after markets closed on Nov. 2, following an inspection by the Financial Supervisory Authority that revealed bad loans big enough to wipe out the lender’s equity. Sydbank A/S (SYDB), Denmark’s third-largest listed lender, will take over Toender Bank’s 18,000 customers and a balance sheet of 2.3 billion kroner ($396 million). The acquisition won’t include hybrid or supplementary capital.

Denmark’s burst housing bubble has claimed more than a dozen regional lenders since 2008 as continued declines in property values and a struggling farming industry trigger deeper impairments. About 3.2 percent of the nation’s roughly 105 banks are under “intensified supervision due to potential solvency problems,” FSA Director Ulrik Noedgaard said last month. Until last week, Toender Bank had appeared profitable.”

Full article

Comments »

Following the Money

[youtube://http://www.youtube.com/watch?v=xFXgnYlkqH0 450 300]

Comments »

Weather experts on Hurricane Sandy: ‘You have not seen this before’

On satellite, Hurricane Sandy appeared somewhat disheveled. Massive, but weakened, as if it was being pulled apart by the forces around it.

Along the New Jersey Shore, some were already dismissing it, vowing to ignore evacuation orders and ride it out. After all, Tropical Storm Irene wasn’t that bad.

Make no mistake: You have not seen a storm like this.

It is not Irene. It is not the Ash Wednesday Storm of 1962. It is not the Long Island Express hurricane of 1938.

These are some of the worst storms in state history, and forecasters say Sandy could beat them all.

“The message we’re trying to get out to people is, no matter how old they are, they’ve never seen this before,” said Gary Szatkowski, meteorologist in charge at the National Weather Service. “If they’re relying on past experiences, it is not going to serve them well. We want you to be out of harm’s way.”

Read the rest here.

Comments »

Hurricane and Natural Disaster Stocks (*STORM)

Index Description: These companies have either acknowledged the beneficial impact of hurricane-related sales on seasonal performance, or are in direct competition with firms that have.

See the index and its constituents here.

Comments »

5 Reasons Sandy Will Be Epic

Hurricane Sandy is moving toward the northeast. At some point, it is expected to become what’s known as an extratropical storm. Unlike a tropical system like a hurricane, which gets its power from warm ocean waters, extratropical systems are driven by temperature contrasts in the atmosphere. At some point, Sandy will strike the East Coast.

Although Sandy is currently a hurricane, it’s important not to focus too much on its official category or its precise path. It’s a massive system that will affect a huge swath of the eastern U.S., regardless of exactly where it hits or its precise wind speed. For example, tropical storm-force winds can be felt 450 miles away from the storm’s center, according to the National Hurricane Center. The Federal Emergency Management Agency has personnel and supplies spread as far west as the Ohio River Valley, said Craig Fugate, the agency’s director.

Read the rest here.

Comments »

Massive Hurricane Sandy Building a Huge and Destructive Storm Surge

Published: 2:34 PM GMT on October 28, 2012

Massive and dangerous Hurricane Sandy has grown to record size as it barrels northeastwards along the North Carolina coast at 10 mph. At 8 am EDT, Sandy’s tropical storm-force winds extended northeastwards 520 miles from the center, and twelve-foot high seas covered a diameter of ocean 1,030 miles across. Since records of storm size began in 1988, no tropical storm or hurricane has been larger (though Hurricane Olga of 2001 had a larger 690 mile radius of tropical storm-force winds when it was a subtropical storm near Bermuda.) Sandy has put an colossal volume of ocean water in motion with its widespread and powerful winds, and the hurricane’s massive storm surge is already impacting the coast. A 2′ storm surge has been recorded at numerous locations this morning from Virginia to Connecticut, including a 3′ surge at Virginia’s Chesapeake Bay Bridge Tunnel and Sewells Point at 9 am EDT. Huge, 10 – 15 foot-high battering waves on top of the storm surge have washed over Highway 12 connecting North Carolina’s Outer Banks to the mainland at South Nags Head this morning. The highway is now impassable, and has been closed. The coast guard station on Cape Hatteras, NC, recorded sustained winds of 50 mph, gusting to 61 mph, at 5:53 am EDT this morning. In Delaware, the coastal highway Route 1 between Dewey Beach and Bethany Beach has been closed due to high water. Even though Sandy is a minimal Category 1 hurricane, its storm surge is extremely dangerous, and if you are in a low-lying area that is asked to evacuate, I strongly recommend that you leave.


Figure 1. A fright to behold: morning satellite image of massive Hurricane Sandy.

Read the rest here.

Comments »

Another New Record is Set for Student Loan Debt

“The average college student who graduated in 2011 had $26,600 in student loans, according to a new report, which estimates two-thirds of last year’s college graduates had student loan debt.”

Full article

Comments »