The Big Short’s Michael Burry Warns “The Little Guy Will Pay” For The Next Crisis

The Big Short’s Michael Burry Warns “The Little Guy Will Pay” For The Next Crisis:

We are sure, just as many of the so-called “smartest men in the room” ignored him last time, so every status-quo-maintaining, asset-gathering, commission-taker will be quick to dissonantly shrug off Michael Burry’s (the economic soothsayer from Michael Lewis’ book “The Big Short”) warnings this time.

As NYMag.com reports, in an email, which readers of the book will recognize as his preferred method of communication, the real-life head of Scion Asset Management answered some of questions about the state of the financial system, his ominous-sounding water trade, and what, if anything, we can feel hopeful about…

The movie portrays all of you as kind of swashbuckling heroes in some ways, but McKay suggested to me that you were very troubled by what happened. Is that the case?

Read moreThe Big Short’s Michael Burry Warns “The Little Guy Will Pay” For The Next Crisis

Emergency center activated at U.S. nuclear site — ‘Dead body found at facility’

death_wipp

Emergency center activated at U.S. nuclear site — “Dead body found at facility”… “Officials confirm one death” — “Sheriff’s office is actively investigating the incident”:

Albuquerque Journal, Dec 28, 2015 (emphasis added): A 62-year-old employee was found dead Sunday at the Waste Isolation Pilot Plant in southeastern New Mexico. Robert Staffel, an employee at the nuclear waste repository’s quality assurance department, was found unresponsive by emergency response personnel around 8 p.m. after family members alerted staff that they had tried to reach him by phone, according to a spokesman… Eddy County Sheriff’s Office and state medical examiner responded to the site and an investigation is ongoing. Staffel is believed to have died of natural causes… Phil Breidenbach, NWP president and project manager [said] “We will continue to support the investigation into Mr. Staffel’s death.”

Read moreEmergency center activated at U.S. nuclear site — ‘Dead body found at facility’

Britain: Police Surveillance Database Logs 30 Million Car Journeys Every Day

surveillance

Eyes on the road: Police surveillance database logs 30mn car journeys every day:

Britain’s surveillance commissioner has questioned the legality of a police database that holds the details of 22 billion road journeys and was established without parliamentary consent.

A network of 8,300 sophisticated cameras capable of recognizing vehicle registration plates take photos of up to 30 million cars traveling on roads throughout England and Wales each day.

The Automatic Number Plate Recognition (ANPR) system is believed to be the biggest in the world and is used to find stolen cars and uninsured drivers.

Read moreBritain: Police Surveillance Database Logs 30 Million Car Journeys Every Day

17 million people face flood threat as Missouri rivers reach record high level

Submerged roads and houses are seen after several days of heavy rain led to flooding, in an aerial view over Union, Missouri December 29, 2015
Submerged roads and houses are seen after several days of heavy rain led to flooding, in an aerial view over Union, Missouri December 29, 2015

17mn people face flood threat as Missouri rivers reach record high level:

Missouri is in a state of emergency as flooding continues with record water levels expected over the coming days.

Seventeen million people in the US are currently living in areas with flood warnings, with 400 river gauges nationwide over their flood capacity. Missouri is one of the worst affected areas with three major rivers, the Missouri, the Meramec and the Mississippi all above the flood stage.

Plutonium detected in recent California air samples — ‘Fallout from Fukushima nuclear accident’ may be to blame

Plutonium

Gov’t Report: Plutonium detected in recent California air samples — “Fallout from Fukushima nuclear accident” may be to blame:

Lawrence Livermore National Laboratory (pdf), Sept 28, 2015 (emphasis added):

  • Ambient Air Radioactive Particulates
  • Composite samples were analyzed by alpha spectroscopy for plutonium-239+240, which was detected in 2 out of 206 samples taken in 2014. Detections at the Livermore Site and Livermore off-site locations [in California] for plutonium-239+240 are attributed to a number of factors including the following: resuspension of plutonium-contaminated soil (see Chapter 6); ambient air from historical operations; resuspended fallout from previous atmospheric testing; or fallout from the Fukushima nuclear accident.
  • The highest values and percentage of the DCS for the plutonium-239+240 detections were as follows: Livermore Site perimeter: 13.4 nBq/m3 (0.36 aCi/m3)… Livermore off-site locations: 10.4 nBq/m3 (0.28 aCi/m3).

US created ISIS, seeks discord among Muslims – Ayatollah Khamenei

US created ISIS, seeks discord among Muslims – Ayatollah Khamenei:

The US is hostile towards Islam and tries to create divisions between Muslims, said Iran’s Supreme Leader Ayatollah Khamenei, also accusing Washington of conceiving the Islamic State terrorist group.

“One of the main tools used by the enemies to prevent the birth of modern Islamic civilization is through creating divisions among Muslims,” Ayatollah Seyed Ali Khamenei said on Tuesday, as cited by Fars news agency.

Khamenei believes that the US is against the principles of Islam and promoting terror groups such as Islamic State (IS, formerly ISIS/ISIL).

Read moreUS created ISIS, seeks discord among Muslims – Ayatollah Khamenei

Britain to strip migrants of benefits while Germany pledges £12.5bn refugee relief

Britain to strip migrants of benefits while Germany pledges £12.5bn refugee relief:

Thousands of teenage migrants in Britain could be denied state benefits as soon as they turn 18 in the hope they’ll be forced to leave the country. The Immigration Bill amendment came as Germany announced a huge cash injection to help refugees.

Chancellor Angela Merkel pledged to give an extra £12.5 billion (US$18.5 billion) to help displaced persons seeking asylum in Germany, where up to a million refugees have arrived this year.

By contrast, Britain’s Immigration Bill, which is currently being reviewed in the House of Lords, could strip immigrants of their right to state support when they leave care at age 18.

Read moreBritain to strip migrants of benefits while Germany pledges £12.5bn refugee relief