…the “EJECT!” button?
Russia risks Soviet-style collapse as rouble defence fails
Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after “shock and awe” action by the central bank failed to stem the collapse of the rouble.
“The situation is critical,” said the central bank’s vice-chairman, Sergei Shvetsov. “What is happening is a nightmare that we could not even have imagined a year ago.”
…Michal Dybula, from BNP Paribas, said the rouble’s plunge risks setting off a systemic bank run. “A large-scale run on deposits, once under way, would make capital controls pretty much unavoidable,” he said, adding that the authorities may start by forcing state-controlled companies to sell foreign assets and repatriate funds.
In Washington, the White House said it had no intention of easing pressure on Russia to halt the freefall. “It is president Vladimir Putin’s decision to make. The aim is to sharpen the choice that he faces,” it said.
President Barack Obama will not veto a law passed by Congress imposing a raft of new sanctions against Russia, even though he warned previously that it goes too far for European leaders and risks splitting the trans-Atlantic front. The measures include $350m of military assistance to Ukraine, and authorize Mr Obama to impose curbs on energy companies investing in Russia, as well as to prohibit credit to Gazprom.
…After years of bluster and suggestions by Mr Putin that the US is a paper tiger, the Kremlin is now coming face to face with the cataclysmic consequences of what it has done by invading Ukraine and changing Europe’s borders by force. By the same token, Washington needs to move with care since it would be a geostrategic miscalculation of the first order to push a nuclear-armed Russia too far into a corner, or to perpetuatue a cycle of grievance.
Anthony Peters, from SwissInvest, said Russia’s leaders had misled their own people and have until now been in denial about the crisis engulfing them. “Not since Soviet times have we seen such steadfast refusal by the Kremlin to acknowledge the presence of severe political and economic problems while sacrificing the people in the name of orthodoxy. The Russian people are legendarily stoic in the face of hardships but beware if, and when, their patience runs out,” he said.
The rouble crash has doubled the cost of servicing nearly $700bn of external debt owed by Russian banks, companies and state bodies, mostly in dollars. They must repay $30bn this month and a further $100bn next year. Oil giant Rosneft has requested $49bn of state aid to weather the crisis.
I have complete confidence that our Super Geniuses in DC will manage to engender the worst possible outcome.
That’s the Gift they have.
These are dangerous times, and we are ruled by petulant children.
132 children peacefully slaughtered in Pakistan.
Taliban militants killed dozens of children in an attack on an army-run school in the northwestern Pakistani city of Peshawar that left 132 people dead so far, the country’s deadliest terrorist attack since at least 2007.
Two attackers are still holding 40 teachers and 20 students hostage, Mushtaq Ghani, information minister for Khyber Pakhtunkhwa province, said by phone. Four attackers blew themselves up and another was shot dead by soldiers, he said.
…Terrorism has killed more than 50,000 people in Pakistan since 2001 and complicated efforts to revive South Asia’s second-biggest economy.
Yeah, that’s one word for it.
All by a scumbag they weren’t allowed to defend themselves from.
Remember: when seconds count, the police are minutes away.
He had at least 12 people at one point, it seems a few have gotten away thankfully, he’s making them hold up a black ISIS flag but his motives are, of course, “unknown.”
UPDATE: They’ve stormed the store
If you’ve got a few minutes read this to get an update on how things are going with Germany’s drive to generate only Green EcoPower.
Here’s a hint: not well.
When the Scots were all ready to use that Sweet Sweet North Sea oil money to finance their independent dreams in September, Brent crude was at $96 per barrel.
Right now it’s $64.00
Much like Russia, Norway is hosed
The governor of Norway’s central bank says western Europe’s biggest oil producer is facing a major economic slowdown as crude prices continue to plunge.
“Our job now is that we need to prevent a severe downturn in the economy,” Oeystein Olsen said today in an interview after a press conference in Oslo. “Overall, that is presently the major concern of the board. That explains why we have reduced the rate.”
…Oil prices have plunged 44 percent from a June high, the worst decline since the financial crisis erupted in 2008. Norges Bank estimates oil investments will decline by 15 percent next year, with the risk of “spillover” effects on the rest of the economy and rising unemployment.
Norway depends on the oil industry for almost a quarter of its economic output and has built an $860 billion wealth fund from its offshore revenue.
I laugh every time I see a Prius.
And I wish I had bought that bigger SUV…
…that make me question the wisdom of allowing my Beloved Bride to use my Amazon account:
Bingley, How Do You Like Your Women’s Tights?
I do not dress in them and hang around in bars.
The comments angered cops, with one saying, “Did he tell his son to be wary of his police bodyguards, that he should be afraid of them as they pick him up at school and drive him where he needs to go?”
Reaction to Mayor de Blasio’s remarks from the other night.
I wonder if he “warned his son about the dangers” of the 47 member police security detail that went with him and his family on their vacation to Italy this Summer?
It looks like this will be a more glancing blow, which is a good thing, as it will have sustained winds of 190 and gusts to 230 when it comes ashore.
Heading up Church Street towards the Holland Tunnel when everyone on the bus starts laughing: alongside us, atop a flatbed truck, was a black Porsche with “Loser!! I’m leaving you!!” spray painted all over it in very large yellow letters.
Ah, love spurned…
(unfortunately I was on the wrong side to get a picture)
From dropping off her pop at the airport after a lurvly Thanksgiving visit, and there standing right next to the driveway quite unabashed is this fairly large 8 point buck, just looking at us in a ‘why-are-you-bothering-me’ sort of way. So of course I said “wow, what a great rack!”
Can someone tell me why I got slapped?
via ZeroHedge, here’s some interesting data on something that the media and activists keep ignoring in their Ferguson Focus
While the events down in Ferguson play out, back in Chicagoland the same old bullshit continues day in and day out with nary a peep. In the 107 days since officer Darren Wilson shot and killed 18 year old Michael Brown – 12:03pm, Saturday, August 9th – the following stupidity has taken place in Chicago:
155 homicides (74% black males)
725 shot & wounded
Six (6) 18 year olds killed: Kawantis Montgomery, Kamaal Burton, Tony McIntos, Alexandra Burgos, Rayvon Little, Johnathan Cartwright
59 18 year olds shot & wounded
29 teenagers (13-19) killed
244 teenagers (13-19) shot and wounded
10 shot (5 killed) by the CPD
2 teens – 17yo Laquan McDonald & 19yo Roshad McIntosh – shot & killed by the CPD
9yo Antonio Smith was executed by 4 jagoffs
3yo Donnell Coakley killed by his mother
Brutal, yet incredibly asinine and absurd to say the least.
So what is it about these stats that hasn’t caused people to lose their collective shit?
After all, there have been plenty of opportunities to march, chant, throw shit, break stuff, come up with a hashtag, etc… in the past few months, not only in Chicago, but all over the nation. So where is the national media? The cable news talking heads? The race pimpin’ super duo of Jesse and Al? The professional agitators and social justice warriors? The exploiting politicians? Almost 900 shootings and homicides in the past three months and not one is worthy of their attention.
It’s all about the Narrative, kids, and how that can be turned to their advantage.
No one gives a shit about the bodies.
For some reason I am on Salon.com’s email list. Whilst it is an interesting glimpse into the attitude of the obnoxious, bossy Left, I usually just delete the emails right away because, well, I just can’t be bothered.
But I have to admit that today’s email both annoyed me and made me sad. Here’s what the top story was:
How to win Thanksgiving: Your guide to arguing with relatives
JIM NEWELL It’s going to be especially hard to avoid politics at Thanksgiving this year. Here’s how you can defeat Uncle Dingo
Now, this is always the style with them, these pretentious “Here’s How” articles to help the Enlightened Left exert their proper moral authority over us Cromagnonian rubes and out wit us with their Superior Logic™ (which is, of course, obviously a wasted effort as we can’t understand logic in the first place, being schtupid and all).
But what makes me especially sad is this concept that every conversation, every event, every Holiday is a political contest that needs to be “won” in some way or another, that the very people who so loudly and incessantly decry the lack of “diversity” and “respect for others” are so insistent that their point of view not only is correct but in fact must be assiduously imposed upon every occasion, upon every conversation until complete adherence to the acceptable orthodoxy is obtained.
It’s not actually “especially hard to avoid politics at Thanksgiving this year.” It’s quite simple.
You avoid it.
You shut up.
If someone says some overtly political statement, you say “yes, a pity. Would you like more cranberry sauce?”
When everything becomes a contest, a contested event, we all lose.
…that there are places like California or Florida
A Florida man named Phuc Kieu tried to sexually assault and rob a man on Sunday, the Gainesville Sun reported.
Kieu — more formally Phuc X. Kieu — was watching gay porn on a portable DVD player in his car when a second man walked by after withdrawing $220 from an ATM, according to local authorities.
and then I really don’t feel so bad.
Or at least I think it’s spam
I lustrous up the whole cup OF white-colored wine beverage by myself ahead we all hit the exact bar council! going to had perhaps 3 double vodka and water at a drink station and a few well known look.
It may in fact be the transcript of my weekend.
What could possibly go wrong?
GIVEN THE POTENTIAL FOR MAJOR TRAVEL DISRUPTION DURING THE PEAK PRE THANKSGIVING TRAVEL PERIOD ON TUESDAY AND WEDNESDAY…THE FORECAST FOR THIS STORM IS QUITE CRUCIAL. A SIGNIFICANT CYCLONE IS EXPECTED TO DEVELOP IN THE EASTERN GULF OF MEXICO ON TUESDAY EVENING AND THEN RIDE UP ALONG THE EAST COAST ON WEDNESDAY. A BAND OF SIGNIFICANT QPF IS EXPECTED TO DEVELOP WITHIN THE ENTRANCE REGION OF A 200 KT 250 MB JET OVER THE NORTHEAST. NOT UNEXPECTEDLY…THERE ARE QUITE A NUMBER OF DIFFERENT SOLUTIONS WITH VERY DIFFERENT IMPACTS. RIGHT NOW…THE MOST SIGNIFICANT DIFFERENCES INVOLVE WHETHER THE STORM BECOMES RATHER INTENSE ON A SLIGHTLY MORE WESTERLY TRACK VERSUS A SLIGHTLY WEAKER MORE EASTERLY TRACK…THOUGH THERE MAY ME A TREND TOWARD SOME MIDDLE GROUND BETWEEN THESE FORECASTS. IN EITHER EVENT…SIGNIFICANT SNOW IS POSSIBLE ALONG THE I95 CORRIDOR..WHETHER OR NOT IT IS ALONG THE CORRIDOR OR SLIGHTLY WESTWARD. THE DETERMINISTIC FORECAST MADE SHOWED THE HEAVIEST SNOW JUST INLAND WITH SOME ACCUMULATIONS IN THE BIG CITIES REFLECTING A COMBINATION OF RAIN CHANGING TO SNOW.
SNOW IS EXPECTED TO INITIALLY DEVELOP ALONG THE APPALACHIANS ON
TUESDAY EVENING/NIGHT…POSSIBLY AS FAR SOUTH AS THE HIGHER
ELEVATIONS OF NORTHEAST GEORGIA ACROSS NW SOUTH CAROLINA/WESTERN
NORTH CAROLINA AND WESTERN VIRGINIA AND EASTERN WEST VIRGINIA.
SNOW AND COASTAL RAIN SHOULD CONTINUE TO SPREAD NORTHEASTWARD
ACROSS THE REST OF THE EASTERN SEABOARD ON WEDNESDAY/DAY 3…THE
PEAK OF THE PRE HOLIDAY TRAVEL AND THEN END ACROSS EASTERN MAINE
ON THANKSGIVING MORNING.
HOWEVER…THIS SCENARIO IS MERELY ONE OF MANY THAT TYPIFY
POTENTIAL SIGNIFICANT SNOW EVENTS ALONG THE EAST COAST.
All this snow is PROOF of Gerbil Warmening.
It’s pretty accurate, brutal…and about 6 years too late.
Update: meh, I see NBC has blocked the video. Oh well, it’s also here.
Every time I think about our government I feel like a penguin
Things are heating up in the cold climes of the sub-Antarctic. On a remote, and mostly desolate island, seals have been caught engaging in an extreme form of sexual behaviour.
Specifically, they have been trying to have sex with penguins.
More than one fur seal has been caught in the act, on more than one occasion.
And it’s all been captured on film, with details being published in the journal Polar Biology.
The video, well, you have been warned…
You didn’t get pasted in the mid-terms because of Freemasons sharing information on Twitter for god’s sake
Washington (CNN) — Republicans and outside groups used anonymous Twitter accounts to share internal polling data ahead of the midterm elections, CNN has learned, a practice that raises questions about whether they violated campaign finance laws that prohibit coordination.
The Twitter accounts were hidden in plain sight. The profiles were publicly available but meaningless without knowledge of how to find them and decode the information, according to a source with knowledge of the activities.
The practice is the latest effort in the quest by political operatives to exploit the murky world of campaign finance laws at a time when limits on spending in politics are eroding and regulators are being defanged.
I find it so pathetic that the Dems are so up in arms that the polls they commissioned and took ahead of the election were wrong…the polls, mind you, not, say, their awful policies.
But yes, of course, so now the rallying cry will be “Government control of da Interwebz is needed to keep us Free!”
I admit it, this (via Ace) brought back memories and I cried. But what a schweet fun loving boy!
The full-bore belly giggles from the child are priceless.
Time to break out the wool boxers.
That whole “War-To-End-All-Wars” stuff sadly never really seems to work out, does it?