Mining giant BHP Billiton has just written off $13 billion of its $20 billion US shale oil and gas asset purchases since 2011.
ISDS is getting out of hand: an absurd case of a Canadian company setting up a mailbox in the US and uses this ‘US company’ to sue Canada under NAFTA IS
Bail-in mechanisms in G20 countries enter implementation phase in 2016.
“With a single press release, TransCanada has proven what concerned citizens have argued for decades—that the primary purpose of ISDS is to subvert democratic processes and the public interest, in the name of private profit,”
The “solar singularity” is the point where solar becomes so cheap in a majority of countries around the world that it is established as the default new power source. At this point, solar will very likely go vertical in its growth curve.
Another bail-in. this time senior Portuguese bank bond holders are on the hook to bail out another failed bank.
Bail-ins happening to Italian banks. Ellen Brown summaries how legislation puts depositors on the very bottom of the totem pole when a private bank fails.
Last week Congress ended the US oil export ban, ostensibly due to the over-abundant supply from tight oil. But the irony, as Art Berman explains, is that the US is far more economically vulnerable and dependent on foreign oil today than it was when cru …
The New Silk Road vision announced by China, even if half successful, would usher in a tectonic shift rocking the economic, geopolitical and monetary status quo, and will be the single most significant geopolitical development since the fall of the Soviet Union.
Faced with mounting losses in their bond portfolios and massive redemption requests, mutual and hedge funds begin suspension of any and all redemption requests. The next phase of the junk bond crisis has begun.