Archive for June 26th, 2011

Stephen Lendman Infowars.com June 26, 2011 Economist Michael Hudson calls it “Replacing Economic Democracy with Financial Oligarchy” in a June 5 article by that title, saying: After being debt entrapped, or perhaps acquiescing to entrapment, the Papandreou government needs bailout help to pay bankers that entrapped them. Doing so, however, requires “initiat(ing) a class... »

ENENews.com June 26th, 2011 Flood berm collapses at Nebraska nuclear plant, Associated Press, June 26, 2011: The had inspectors at the plant 20 miles north of Omaha when the 2,000-foot berm collapsed about 1:30 a.m. Sunday. Water surrounded the auxiliary and containment buildings at the plant, it said in a statement. ... »

Joe Weisenthal BusinessInsider.com Jun. 26, 2011 Newsflash: The radioactive crisis near Fukushima isn’t getting any better. This has been something we discussed in the last few weeks, but now there are some new disturbing details. From Japan Times: More than 3 millisieverts of radiation has been measured in the urine of 15 Fukushima residents... »

EconomicCollapseBlog.com Are you familiar with Robert Kiyosaki? He is best known for the “Rich Dad, Poor Dad” series of books. Over 26 million books authored by Kiyosaki have been sold and he is recognized as a financial expert by millions of people across the globe. Well, guess what? Even Robert Kiyosaki is warning that... »

ENENews.com June 26th, 2011 Flood berm collapses at Nebraska nuclear plant, Associated Press, June 26, 2011: The berm’s collapse didn’t affect the reactor shutdown cooling or the spent fuel pool cooling, but the power supply was cut after water surrounded the main electrical transformers, the NRC said. Emergency generators powered the ... »

. Deborah Dupre Examiner.com Emergency Update: At approximately 1:00am Sunday, June 26, the aqua-berm quickly constructed around Fort Calhoun Nuclear Station broke and electricity had to be cut. The plant is now reportedly running on emergency generators as workers try to restore electricity after water surrounded main electrical transformers. The auxiliary building at Ft.... »

Toby Helm GuardianUK June 26, 2011 Norbert Schwaiger is a true veteran of EU summits. Now in his early 70s, the amiable German recalls with relish the triumphs and disasters from 34 years of service in Brussels as if they all happened yesterday. He chats about Delors, Kohl, Mitterrand, Chirac, Thatcher and the great... »

Motokoa Rich The New York Times June 26, 2011 A drumbeat of disappointing data about consumer behavior, factory sales and weak hiring in recent weeks has prompted economists to ratchet down their 2011 economic forecasts to as little as half what they expected at the beginning of the year. Two months ago, Goldman Sachs... »

by Tyler Durden ZeroHedge.com 06/26/2011 We hadn’t previously discussed the situation at the Fort Calhoun, Nebraska nuclear power plant, as there was still a possibility that it was containable, and the deterioration had been largely blown out of proportion. Alas now that the Missouri River flood waters have penetrated the last ditch water-filled wall,... »

by Tyler Durden Zero Hedge.com 06/26/2011 A global public debt crisis, in which private sector deleveraging is offset by public debt, to the point where Reinhart and Rogoff say “no more” (and often times beyond) has only four possible outcomes. These are: 1) a debt trap; 2) hyperinflation; 3) austerity but in conjunction with... »