"This Is Catastrophic" - Thousands Of Gallons Of Deadly Radioactive Waste Leak At Nuclear Storage Site

Submitted by Tyler Durden on 04/19/2016 - 18:09
Thousands of gallons of radioactive waste leaked from the Hanford Nuclear Reservation Site in Washington State, as workers pumped sludge from the tank during the weekend. "This is catastrophic. This is probably the biggest event to ever happen in tank farm history. The double shell tanks were supposed to be the saviors of all saviors (to hold waste safely from people and the environment),” said former Hanford worker Mike Geffre.

Eric Hunsader: The Financial System Is "Absolutely, Positively Rigged"

Submitted by Tyler Durden on 04/19/2016 - 16:25 "I've been apoplectic for so long I am just spent. Nothing would surprise me anymore. I really honestly don’t know how this is going to get corrected. I know it can’t continue."

Intel Fires A Massive 12,000 Workers, 11% Of Its Entire Workforce, As It Misses Q1 Sales, Guides Lower

Submitted by Tyler Durden on 04/19/2016 - 16:08 There were some rumors reported late last week that the world's biggest chip maker was about to fire a major portion of its workforce. Moments ago the company confirmed these rumors, when it reported that it was firing a whopping 11% of its entire workforce, laying off a massive 12,000 workers. Confused? Don't be: it's all part of the new normal recovery, and don't forget the spin: don't think of its as 12,000 highly paid engineers and tech workers fired, think of it as 12,000 brand spanking new waiters and bartenders.

China Launches Yuan Gold Fix To "Exert More Control Over Price Of Gold"

Submitted by Tyler Durden on 04/19/2016 - 09:35 Overnight a historic event took place when China, the world's top gold consumer, launched a yuan-denominated gold benchmark on Tuesday as had been previewed here previously in what Reuters dubbed "an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market."

Kuwait Oil Workers Strike Over: Local Press

Submitted by Tyler Durden on 04/19/2016 - 17:35 The catalyst that moved oil prices higher over the past two days, and which had overriden the "bad news" from the Doha talks failure, was the Kuwait oil workers strike announced over the weekend and which resulted in up to 1.6mmb/d in production being taken offline. As of moments ago, however, according to Kuwait's Aljarida press website, the strike appears to be over.

Has The ECB's QE Been A Failure? This Is What Europe's Banks Think

Submitted by Tyler Durden on 04/19/2016 - 17:14 "Over the past six months, has your bank used the additional liquidity arising from the ECB's asset purchases for granting loans to corporations, for housing loans or for consumer loans?"

"Unequivocally" Great News America - Gas Prices Are Soaring

Submitted by Tyler Durden on 04/19/2016 - 16:50 Judging by the exuberant equity market, it is not 'low' gas prices, but high gas prices that are "unequivocally good" for America - after all the market is ultimate arbiter of how the average joe feels, right? However, if you drive a car - or gas-hungry truck - you may have noticed something in the last month or so - gas prices at the pump are up almost 25% from the mid-Feb lows, the biggest surge since July 2009.

Stocks Stumble As Silver Soars Into Bull Market, Dollar Hits 10-Month Lows

Submitted by Tyler Durden on 04/19/2016 - 16:03

Sam Zell Predicts Recession Next Year: "I'm Being Realistic, Not Pessimistic"

Submitted by Tyler Durden on 04/19/2016 - 15:50 "If somebody needs a bell ringing to figure out that the [market] frothy right now, then I’m in the business of selling hearing aids..."

As Expected, New York's Primary Is Already A Pathetic Mess

Submitted by Tyler Durden on 04/19/2016 - 15:30 “They told me the key to the building had not arrived yet...I am sure there are many people who tried to vote and had to leave who will not be able to come back,”

Largest U.S. Health Insurer Is Done With Obamacare: UnitedHealth To Exit Most State Exchanges

Submitted by Tyler Durden on 04/19/2016 - 15:03 UnitedHealth made its divorce with Obamacare complete when it announed plans to exit most of the Affordable Care Act state exchanges where it currently operates by 2017. During a conference call with analysts Tuesday, CEO Stephen Hemsley noted that "next year we will remain in only a handful of states."

Ben And Jerry Explain Why They Were Arrested At The Capitol

Submitted by Tyler Durden on 04/19/2016 - 15:16 "If you care about something, you have to be willing to risk it all — your reputation, your values, your business — for the greater good.  The post on Ben & Jerry's website said the protests are just a start to make sure the peoples' voices are heard. Sometimes, when something really matters, you have to put your body on the line. You have to take a stand.

Tough To Swallow: Michigan Gov. Snyder Says "Will Drink Flint Water For At Least 30 Days"

Submitted by Tyler Durden on 04/19/2016 - 14:50 Is Michigan governor Rick Snyder "stupid"-er than a Monsanto lobbyist?

US Economy - Ongoing Distortions

Submitted by Tyler Durden on 04/19/2016 - 14:30 The economy’s capital structure remains imbalanced as a result of the enormous amount of monetary pumping since 2008 (total TMS-2 growth since then: approx. 128%). There is a limit to this though, even if it cannot be quantified. What can be stated though is that the greater the boom, the greater the eventual bust usually is. There are now more and more indications that a decisive inflection point may be quite near.

Iran Is Ready To Flood The World With Oil... It Just Has No Ships To Deliver It

Submitted by Tyler Durden on 04/19/2016 - 14:29 As increasingly more of Iran's tanker fleet is currently utilized or is otherwise out of commission, Iran desperately needs foreign ships to execute its plans for a big export push to Europe and elsewhere and meet its target of reaching pre-sanction sales levels this year. There is just one problem: nobody is willing to give their spare tankers to Tehran, no matter the price.

Massive NJ Brushfire Visible From Manhattan Suspends NJ Transit, Amtrak

Submitted by Tyler Durden on 04/19/2016 - 14:28 New Jersey transit trains between Newark and New York City have been suspended due to massive brush fires according to abc7 news. The fires started in the Meadowlands in Kearny and Secaucus sometime around noon.



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