disclosure

Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

Rain's picture

 

Huffington Post - 11/12/13, Luke Johnson

http://www.blogcdn.com/www.dailyfinance.com/media/2012/12/elizabeth-warren-banking-435cs120412.jpg

Sen. Elizabeth Warren (D-Mass.) warned in a speech Tuesday that the problem of banks considered "too big to fail" has only gotten worse since the 2008 financial crisis, potentially sowing the seeds of a future crisis.

"Today, the four biggest banks are 30 percent larger than they were five years ago. And the five largest banks now hold more than half of the total banking assets in the country," Warren said in a keynote address at a conference on the future of financial reform put on by the Roosevelt Institute, a think tank. "Who would have thought five years ago, after we witnessed firsthand the dangers of an overly concentrated financial system, that the 'too big to fail' problem would only have gotten worse?"

Video and more: huffingtonpost.com

 

Could California’s Shale Oil Boom Be Just a Mirage?

Silver's picture

Desmogblog.com, By: Sharon Kelly, 11/08/2013

Flickr - Oil - notsogoodphotography

Since the shale rush took off starting in 2005 in Texas, drillers have sprinted from one state to the next, chasing the promise of cheaper, easier, more productive wells. This land rush was fueled by a wild spike in natural gas prices that helped make shale gas drilling attractive even though the costs of fracking were high. As the selling price of natural gas sank from its historic highs in 2008, much of the luster wore off entire regions that had initially captivated investors, like Louisiana’s Haynesville shale or Arkansas’s Fayetteville, now in decline.

 

But unlike natural gas prices, oil prices remain high to this day, and investors and policymakers alike remain dazzled by the heady promise of oil from shale rock. Oil and gas companies have wrung significant amounts of black gold from shale oil plays like Texas’s Eagle Ford and North Dakota’s Bakken.

 

For more on this story visit www.wakingtimes.com

Madrid workers continue indefinite strike

Rain's picture

 

Press TV - 11/12/13, MSM/MN/HN/HRB

http://previous.presstv.ir/photo/20131112/334271_Spain-trash-collectors.jpg

Rubbish is piling up on the streets of the Spanish capital Madrid as the city’s street sweepers, as well as public park and garden workers continue their indefinite strike over proposed layoffs and wage cuts.

Unions are angered over plans by private companies that provide cleaners for the city's streets and public gardens to slash the employees’ salaries by up to 40 percent and lay off 1,135 people.

Video and more: PressTV.ir

Similar Stories:

Spain: six thousand rubbish collectors go on strike in Madrid

Trash Piles Up in Madrid as Strike Enters Seventh Day

 

Rise in Autism Rates go Hand-in-Hand with Increased Vaccinations

Silver's picture

Natural Society, By: Paul Fassa, 11/11/2013

vaccine gene 263x164 Rise in Autism Rates go Hand in Hand with Increased Vaccinations

Another effort to discount vaccinations as a source of autism has gone into research to prove defective genes as the major culprit. Some epidemiological studies based on twins with autism spectrum disorders was done as early as the mid-1970s. Since then, autism has increased 40-fold. All this from a sudden case of bad genes? This rapid autism rise has coincided with a dramatic increase of early childhood vaccination schedules over the same period, which has been an almost four-fold increase.

 

The gene theory does not explain how healthy babies suddenly became autistic after undergoing part of an intense series of vaccinations, some shots with multiple-vaccines, at newly born or toddler age. As a matter of fact, there is very little effort to objectively pursue the autism-vaccination connection. Gene research opposition to the gene theories of autism, or gene theories of many diseases, comes from those who consider environmental causes as primary causal factors, not vaccinations.

 

Prime Minister: Austerity Should Last Forever

Rain's picture

 

Cameron: Austerity should last for ever and Britain must get used to being a 'leaner, more efficient state'

Mail Online - 11/11/13, James Chapman

Keynote speech: The dinner is a chance for the Prime Minister to make a major announcement

Pro austerity: Prime Minister David Cameron made his comments at the annual Lord Mayor's Banquet at Guildhall in London alongside other ministers and lords
 

The age of austerity is not just a passing phase and  Britain should get used to having a ‘permanently’ smaller state, David Cameron said last night.
 

The top table

Nurse who tried to save JFK says she saw a DIFFERENT bullet in his neck to those later shown as evidence

Rain's picture

 

JFK was killed 'by a mystery bullet': Nurse who tried to save President claims she saw a DIFFERENT bullet in his neck to those later shown as evidence

Mail Online - Kieran Corcoran, 11/09/13

Motorcade: President John F Kennedy and Texas Governor John Connally ride through Dallas moments before Kennedy was assassinated

Motorcade: President John F Kennedy and Texas Governor
John Connally ride through Dallas moments before
Kennedy was assassinated

 

Pages

Subscribe to RSS - disclosure