Berlin is broke.
A German tourist goes to a Greek hotel…. He gives the owner 100 Euros and asks for some room keys so he can take a look at them and see if he likes them. He leaves the 100 euros as a safety deposit…. The hotel owner gives him all the keys because he doesn’t evenContinue reading “European Economy”
Germany is increasing her coal-fired power plants as output from natural gas-fired power plants and wind turbines drop.
U.S. Inventories and Production Levels.
Struggling countries in the eurozone – Italy, Ireland, Greece and Spain … Have been reducing labour costs steadily.
Hurricane Sandy had an impact of around $40B…& ranks 3rd for damaging. in the picture its compared with other cyclones. Please feel free to comment.
The most important naval choke points were first identified by John Fisher in his defense of continued British colonialism (important colonies in parentheses): Hormuz Strait between Oman and Iran at the entrance to the Persian Gulf Strait of Malacca between Singapore and Indonesia Bab-el-Mandeb passage from the Arabian Sea to the Red Sea (Yemen and Socotra) Panama Canal and the Panama Pipeline connecting the Pacific and Atlantic Oceans (British Honduras) Suez Canal and the Sumed Pipeline connecting the Red Sea and Mediterranean Sea (Egypt)Continue reading “Strategic Oil Chokepoints – jpm”