Posts Tagged ‘pollution’

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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The Problem with Factory Farms

In the first article, Claire Suddath interviews author David Kirby about his book "Animal Factory: The Looming Threat of Industrial Pig, Dairy, and Poultry Farms to Humans and the Environment."  In the second article below, David Kirby takes on manure and argues its benefits are wildly over-rated. – Ilene  

The Problem with Factory Farms

By Claire Suddath, courtesy of TIME 

Factory Farms - David Kirby interview at TIMEIf you eat meat, the odds are high that you’ve enjoyed a meal made from an animal raised on a factory farm (also known as a CAFO). According to the USDA, 2% of U.S. livestock facilities raise an estimated 40% of all farm animals. This means that pigs, chickens and cows are concentrated in a small number of very large farms. But even if you’re a vegetarian, the health and environmental repercussions of these facilities may affect you. In his book Animal Factory: The Looming Threat of Industrial Pig, Dairy, and Poultry Farms to Humans and the Environment, journalist David Kirby explores the problems of factory farms, from untreated animal waste to polluted waterways. Kirby talks to TIME about large-scale industrial farming, the lack of government oversight and the terrible fate of a North Carolina river.

What exactly is a factory farm?

The industrial model for animal food production first started with the poultry industry. In the 1930s and ’40s, large companies got into the farming business. The companies hire farmers to grow the animals for them. The farmers typically don’t own the animals — the companies do. It’s almost like a sharecropping system. The company tells them exactly how to build the farm, what to grow and what to feed. They manage everything right down to what temperature the barn should be and what day the animals are going to be picked up for slaughter. The farmer can’t even eat his or her own animals. People who grow chickens for Perdue in Maryland have to go down to the market and buy Perdue at the store.

We collectively refer to these facilities as factory farms, but that’s not an official name. The government designation is CAFO, which stands for Concentrated Animal Feeding Operation. Basically, it’s any farm that has 1,000 animal units or more. A beef cow is an animal unit. These animals are kept in pens their entire lives. They’re never outside. They never breathe fresh air. They never see the sun.

What are the health and
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China Faces Crash Scenario

China Faces Crash Scenario

Courtesy of Mish

Problems in China continue to mount. Money supply is growing rampantly out of control, property prices are in a bubble, exports are weak, commodity speculation is pervasive, and GDP growth is more of a mirage than real.

Smoking opium, mid 19th

Money Supply Growing Record 29.74%

Please consider China Monthly New Loans Are 294.8 Billion Yuan, Above Forecast

New local-currency loans totaled 294.8 billion yuan ($43.2 billion), compared with 253 billion yuan in October, according to data released by the People’s Bank of China on its Web site today. The median forecast of 19 economists in a Bloomberg News survey was 250 billion yuan.

M2, the broadest measure of money supply, rose a record 29.74 percent in November from a year earlier.

China’s banking regulator plans to slow new lending to between 7 trillion yuan and 8 trillion yuan next year, a person familiar with the matter said this week. China is trying to ensure that there is enough credit to support an economic recovery without increased risks of bad loans and asset bubbles.

“We believe slower credit growth in 2010 will be key to avoid a boom-bust scenario in the economy,” Wang Tao, a Beijing-based economist for UBS AG, said in a report.

What is China doing with all that printing?

Please take a A 4-Minute Tour of the China Property Bubble to find out.

The world’s largest shopping mall, South China Mall in Guangzhou, China, is almost entirely empty. Click on the link to see a fascinating video.

China Plans To Control Property Prices

Please consider China Can Boost Growth as It Cools Property, Merrill Says.

The government “plans to control property prices by accelerating property investment and increasing supply,” economists Lu Ting and T.J. Bond said in an e-mailed note today. That contrasts with efforts in 2006 to cool prices by controlling investment, the economists said.

China Is Overbuilding Already

Note the insanity. China want to control prices by building more. It already has completely empty shopping centers, condos, and even a completely empty city.

China’s Empty City

That is an amazing video of a completely empty city.

China Has Trouble Maintaining Demand Growth

In spite of obvious speculation and overheating in the housing sector,

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Pollution in China – A Must Read

Pollution in China – A Must Read 

Courtesy of Karl Denninger at The Market Ticker

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The Facts You Need To Know About Student Debt

By VW Staff. Originally published at ValueWalk.

Student debt has become a cloud hovering over the heads of young Americans. In order to get the education necessary to land a well-paying job, many needed to take out large amounts of student loans to be able to pay for college. Even for students whose parents had saved for their education, the skyrocketing costs of college in the last decade meant that many still didn’t have enough to cover everything.

Now, as they face high monthly payments, young adults are seeing their lives negatively impacted. As the following infographic — compiled by Gradvisor, an employee benefit that helps p...

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Zero Hedge

The Smoking Gun: Cheryl Mills Tells Podesta "We Need To Clean This Up - Obama Has Emails From Her"

Courtesy of ZeroHedge. View original post here.

Recall that in a March 2015 interview with CBS, just after the NYT reported of Hillary's use of a private email server, president Obama told the American public he had only learned about Hillary's "unusual" arrangement from the press.

As we further reminded readers one month ago, CBS News senior White House correspondent Bill Plante asked Mr. Obama when he learned about her private email system after his Saturday ap...

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Phil's Favorites

Brexit Common Sense From Sweden; Export Pain and EU Goats

Courtesy of Mish.

No one wins trade wars. And it makes no sense to try. At long last someone has figured that out, most likely because a trade collapse has already started.

Please consider Sweden Holds Out Olive Branch to Brexit Britain.

Sweden has warned that it would be a serious mistake to chastise Britain for voting to leave the EU, appealing instead for an amicable settlement to minimise damage for both sides.

“The softer the Brexit, the better. We’re an open country and we are in favour of free trade, and we want to see a solution that is as beneficial as possible for everybody,” said Magdalena Andersson, the Swedish finance minister....

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Chart School

Tech Hold Breakout,.but S&P Wedge Bound

Courtesy of Declan.

It was a mixed day for indices. Large Caps remain bound by wedge support/resistance, but Tech broke upside yesterday from similar wedges and held those breakout today.

There was little change for the S&P over the last couple of days. The one technical change was the MACD trigger 'buy' as other technicals stayed on the bearish side.

Meanwhile, the Nasdaq cleared wedge resistance yesterday, and was able to hang on to the breakout despite today's loss. It too enjoyed a MACD trigger 'buy', but had an On-Bal...

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Kimble Charting Solutions

U.S. Dollar Rally: A tale of two chart patterns

Courtesy of Chris Kimble.

This article was originally written for See It Market.

The U.S. Dollar Index has been trading in a wide consolidation pattern over the last 18 months or so.  But after the recent U.S. Dollar rally, that consolidation has formed two distinct chart patterns.

And as you may have guessed… one is bullish while the other is bearish.



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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

Oil Rises as OPEC Chief Barkindo Seeks to Resolve Output Plan (Bloomberg)

Crude advanced as OPEC’s secretary-general was due to visit Baghdad on Tuesday for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts.

Iron Ore Hoisted on Coat-Tails of Coal’s Record Rally in China (Bloomberg)

Iron ore is surging thanks to its bulk-commodity compatriot, coal. Iron ore futures in Singapore ad...

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Members' Corner

A Lack of Faith, Disturbing?

Courtesy of Nattering Naybob.

Over at Philstockworld... High Finance for Real People - Fun and Profits...   

Phil – "long-term rates are suddenly ticking up as bond buyers have lost faith that the Central Banksters will be able to keep a lid on inflation"More so a rebirth of hope for much needed monetary flows in the form of "dollars" and some form of economic recovery rising in the distance.  Good luck there.  

By now those rogue bond traders should know the power of the dark side and all the carnage which that widow makers trade has left in its wake. J...

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Swing trading portfolio - week of October 24th,2016

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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Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...

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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.


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Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...

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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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PSW is more than just stock talk!


We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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