Jim Sinclair’s Commentary
Mr. Williams shares the following with us.
- Booming GDP – Strongest Growth in More than a Decade Is Nonsense
- Magnitude of GDP Revisions Suggests Unstable Data and Unusual Internal-Reporting Issues at Bureau of Economic Analysis
- Basic Durable Goods Orders Slowed Sharply in Third-Quarter 2014, On Track for Fourth-Quarter Contraction
- Home Sales Also Showed Patterns of Stagnation and Renewed Downturn
"No. 684: GDP Revision, November Durable Goods, New- and Existing-Home Sales"
C.D.C. Ebola Error in Lab May Have Exposed Technician to Virus
By DENISE GRADY and DONALD G. McNEIL Jr.DEC. 24, 2014
A laboratory mistake at the Centers for Disease Control and Prevention may have exposed a technician to the deadly Ebola virus, federal officials said on Wednesday. The technician will be monitored for signs of infection for 21 days, the incubation period of the disease. A small number of other employees, fewer than a dozen, who entered a lab where the mistake occurred will also be assessed for exposure.
The error occurred on Monday when a high-security lab at the C.D.C. in Atlanta, working with Ebola virus from the epidemic in West Africa, sent samples that should have been inactivated to another C.D.C. laboratory, which was down the hall. But the lab sent out the wrong samples, ones that had not been inactivated and that may have contained the live virus. The second lab was not equipped to handle the live virus. The technician who worked with the samples wore gloves and a gown, but no mask, and may have been exposed.
The error was discovered on Tuesday.
The accident is especially troubling because dangerous samples of anthrax and flu were mishandled at the C.D.C. in June, eroding confidence in an agency that has long been one of the most respected scientific research centers in the world. The C.D.C. promised last summer to improve its safety procedures.
Jim Sinclair’s Commentary
The downtrend in the price of oil is not all good for the USA as Financial TV claims continually.
Oil Drillers Are Under Pressure to Scrap Rigs to Cope With Downturn
By David Wethe Dec 24, 2014 12:59 PM ET
Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an unprecedented pace.
The recent five-year low in oil prices is threatening an industry already grappling with a flood of new vessels and weakening demand. More than 200 new rigs are scheduled to be delivered in the next six years. That’s a 25 percent jump from the number currently under contract.
To cope, many rig owners will try to keep revenue up by culling older vessels to balance supply and demand.
“The older assets, particularly those built before the 2000 time period, are really less desired by the industry,” James West, an analyst at Evercore ISI in New York, said in a phone interview. Those vessels “are only causing the customer base to use those rigs against higher quality rigs to get pricing lower.”
About 140 older rigs would need to be scrapped to make way for the new vessels scheduled for delivery by 2020, according to Andrew Cosgrove, an analyst at Bloomberg Intelligence. That pace would double the number scrapped in the previous six years and even eclipse the 123 vessels retired since 2000, according to data compiled by Bloomberg.
Booming offshore exploration earlier in the decade encouraged a flurry of rig orders. That’s now leading to a potential market crash in a global industry pegged to generate revenue of $61.5 billion this year. Low oil prices are compounding the problem, alarming investors.
Excited Puppy Starts To Dance After Spotting Its Owner
The Huffington Post | By Jade Walker
2015 Will Be A Year Of Surprise, Panic, Desperation & Radical Change
Today one of the greats in the business warned King World News that 2015 will be a year of panic, desperation, and radical change for the world. He also said 2015 will be a year of surprises that will have an incredible impact not only people but also major markets and economies around the globe.
Egon von Greyerz: “As we approach 2015 the world is on the cusp of a deflationary collapse. Central banks around the world are fighting trying desperately keep their economies afloat. Zero percent interest rates are no longer helping, so negative interest rates have been introduced in an attempt to create inflation….