Posts Tagged ‘environmental disasters’

China’s Environmental Disasters on the Rise — Quietly

China’s Environmental Disasters on the Rise — Quietly

By Austin Ramzy / Beijing, courtesy of TIME 

A massive explosion in a southern Chinese city is only the latest in a series of industrial accidents that have hit China in recent weeks. While the country’s economic boom has always been dogged by environmental and safety hazards, the frequency of disasters this summer has raised new questions about whether the country can maintain its pace of expansion without doing catastrophic harm to its people and the environment. "These accidents are happening all over China, and the scale … has become larger and larger," says Wen Bo, a senior fellow with the San Francisco–based NGO Pacific Environment. "You see something you have never seen before, and then you see it again on a larger and larger scale."

The July 28 explosion at a shuttered plastics factory in Nanjing rocked the surrounding neighborhood, killing at least 10 people and injuring another 300, according to state media reports. Investigators suspect the rupture of a propylene pipeline, possibly caused by workers who were dismantling the factory, triggered the midmorning blast. The explosion collapsed nearby structures, shattered windows in the surrounding area and sent columns of acrid black smoke into the air. "I heard a loud bang that lasted for about one second," said a teacher at the Nanjing Technical College of Special Education, which is about a kilometer northwest of the factory. "My first reaction was to run downstairs because I thought it was an earthquake … As soon as I got outside the building, I saw most of the windows on the first floor were shattered." 

On the same day, thousands of barrels containing toxic industrial chemicals were spotted in the Songhua River in northeast China. Floodwaters had swept the containers from a nearby storage depot and into a tributary of the river, Jilin province environmental authorities reported. Some 7,000 barrels are estimated to have been lost in the river, including 3,000 that contained chemicals used in making synthetic rubber, among other applications. China’s Ministry of Environmental Protection said Thursday that "no abnormalities" had been detected in a test of the river’s waters.

Those disasters were preceded by a July 16 oil spill at the port city of Dalian in northeast China. Some 1,500 tons of crude spilled into the Yellow Sea when two pipelines belonging to the state-owned China National Petroleum…
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Phil's Favorites

Why the FCC's proposed internet rules may spell trouble ahead

 

Why the FCC's proposed internet rules may spell trouble ahead

Courtesy of David ChoffnesNortheastern University

How fast is that video really coming in? hvostik/Shutterstock.com

As the Federal Communications Commission takes up a formal proposal to reverse the Obama-era Open Internet Order, a key question consumers and policymakers alike are asking is: What difference do these ru...



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Zero Hedge

Hundreds Of Victims Are Suing MGM Resorts Over Las Vegas Shooting

Courtesy of ZeroHedge. View original post here.

In a lawsuit that could have wide-ranging ramifications for the nightlife industry in Las Vegas, Business Insider reports, hundreds of victims of the Oct. 1 mass shooting have joined class-action lawsuits against MGM Resorts International, owner of the Mandalay Bay resort and casino, where shooter Stephen Paddock fired on a crowd of 20,000 country music fans from his perch in a 32nd floor hotel suite in what became the deadliest mass shooting in US his...



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Chart School

Russell 2000 and Semiconductor New Highs / S&P Breaks

Courtesy of Declan.

The S&P broke higher to confirm a 'bear trap' and also closed at a new all-time high. Volume climbed to register an accumulation day but there were further losses in relative performance and continued losses in the MACD.


The Nasdaq posted a gap-driven 1% gain to bring it ever closer to channel resistance. It hasn't yet tagged resistance but it looks well placed to do so by the end of the week. Technical are all bullish.

...

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Insider Scoop

The Urban Outfitters Q3 Print: Jefferies' Likes And Dislikes

Courtesy of Benzinga.

Related URBN 13 Key Technical Levels To Watch On Tuesday 5 Biggest Price Target Changes For Tuesday ...

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Digital Currencies

As Bitcoin Tops $8,200, Only 39% Of Survey Respondents Say It's A Bubble

Courtesy of ZeroHedge. View original post here.

Having first surged above $8000 overnight amid Zimbabwe's chaos, it appears uncertainty in the core of Europe has driven further demand for cryptocurrencu protection, sending Bitcoin to a new record high of $8247 - up 50% from the 'Bitcoin Cash' crash weekend lows.

...



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Biotech

The two obstacles that are holding back Alzheimer's research

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

The two obstacles that are holding back Alzheimer's research

Courtesy of Todd GoldeUniversity of Florida

Family members often become primary caregivers for loved ones with Alzheimer’s disease. tonkid/Shutterstock.com

Thirty years ago, scientists began to unlock the mysteries regarding the cause of Alzheimer’...



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ValueWalk

Robert Mugabe Under House Arrest, Military Takes Control Of Zimbabwe

By Andjela Radmilac. Originally published at ValueWalk.

Zimbabwe’s head of state, 93-year-old Robert Mugabe, has been placed under house arrest after what seems to be a military coup took place in the nation’s capital.

By U.S. Navy photo by Mass Communication Specialist 2nd Class Jesse B. Awalt/Released [Public domain], via Wikimedia CommonsRobert Mugabe is safe

Following numerous reports on social media late Thursday night about the increased military presence in Harare, the capital of Zimbabwe, the country’s military took...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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