The Alberta Energy Regulator has given Cenovus (CVE:TSE) the go-ahead on its proposed Grand Rapids thermal oil sands project, 300km north of Edmonton. The project is adjacent to Cenovus' exsiting Pelican Lake Wabiskaw operation in the Greater Pelican region. Grand Rapids will produce approximately 180,000 barrels of oil per day at maximum capacity and will be developed in multiple phases. Cenovus...Read More
Executive orders: Part of the framers' grand plan … President Barack Obama … is now using executive orders and other unilateral exercises of executive power to advance his agenda rather than wait on Republicans in Congress. The GOP has grown increasingly outraged by the president's actions. House Republicans last week passed the "Enforce the Law Act," part of a contin...Read More
Exclusive: Uruguay may import marijuana from Canada … While it waits for weed to grow, the South American country could turn to Canadian pot producers to kickstart its newly legalized marijuana industry, top lawmakers – including the first lady – tell GlobalPost. … Growing weed takes a while. Cultivating fields of it, figuring out how to keep the fields safe from poachers,...Read More
Executive orders: Part of the framers' grand plan … President Barack Obama … is now using executive orders and other unilateral exercises of executive power to advance his agenda rather than wait on Republicans in Congress. The GOP has grown increasingly outraged by the president's actions. House Republicans last week passed the "Enforce the Law Act," part of a contin...Read More
Exclusive: Uruguay may import marijuana from Canada … While it waits for weed to grow, the South American country could turn to Canadian pot producers to kickstart its newly legalized marijuana industry, top lawmakers – including the first lady – tell GlobalPost. … Growing weed takes a while. Cultivating fields of it, figuring out how to keep the fields safe from poachers,...Read More
Budget 2014: Britain's false recovery is a credit mirage, unlike real recovery in the US … UK has a current account deficit running at more than 5pc of GDP, the worst in a quarter of a century and by far the worst of the G7 … David Bloom, from HSBC, says sterling is all of a sudden the "least ugly" currency in a world where even the Japanese and the Swiss are holding down...Read More
Feds launch contest to tout wood skyscrapers as 'global warming' mitigation tool … 'Programs are both part of the Obama administration's Climate Action Plan' … The Agriculture Department announced the launch today of a prize competition for high-rise wood architecture and a training program to support the use of wood in buildings. – Climate DepotDominant Socia...Read More
Budget 2014: Britain's false recovery is a credit mirage, unlike real recovery in the US … UK has a current account deficit running at more than 5pc of GDP, the worst in a quarter of a century and by far the worst of the G7 … David Bloom, from HSBC, says sterling is all of a sudden the "least ugly" currency in a world where even the Japanese and the Swiss are holding down...Read More
Feds launch contest to tout wood skyscrapers as 'global warming' mitigation tool … 'Programs are both part of the Obama administration's Climate Action Plan' … The Agriculture Department announced the launch today of a prize competition for high-rise wood architecture and a training program to support the use of wood in buildings. – Climate DepotDominant Socia...Read More
The truth is out: money is just an IOU, and the banks are rolling in it … The central bank can print as much money as it wishes. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning". Last week, something remarkable h...Read More
Changing Americans' Minds on Climate Change … The American Association for the Advancement of Science is trying to awaken more Americans to the dangers of climate change, with a report today that focuses on a clear and accessible explanation of the evidence. It's a commendable and necessary effort, but what if the problem goes deeper than language? The available polling data suggests...Read More
The truth is out: money is just an IOU, and the banks are rolling in it … The central bank can print as much money as it wishes. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning". Last week, something remarkable h...Read More
Changing Americans' Minds on Climate Change … The American Association for the Advancement of Science is trying to awaken more Americans to the dangers of climate change, with a report today that focuses on a clear and accessible explanation of the evidence. It's a commendable and necessary effort, but what if the problem goes deeper than language? The available polling data suggests...Read More
'It could be structured by cows and we'd rate it' … A popular narrative of the ratings agencies' role in the financial crisis goes something like: banks paid ratings agencies a lot of money to rate mortgage-backed securities, so the ratings agencies gave a lot of those securities undeserved AAA ratings, so a lot of investors were deceived into thinking those securities were s...Read More
Looming property default in China raises fears of broader crisis … Nomura said the number of ghost towns has spread beyond the well-known disaster stories of Ordos and Wenzhou to at least eight other sites … China faces the biggest property default on record as credit curbs threaten to break the housing boom, leaving a string of "ghost towns" across the country. The Chinese n...Read More
'It could be structured by cows and we'd rate it' … A popular narrative of the ratings agencies' role in the financial crisis goes something like: banks paid ratings agencies a lot of money to rate mortgage-backed securities, so the ratings agencies gave a lot of those securities undeserved AAA ratings, so a lot of investors were deceived into thinking those securities were s...Read More
Looming property default in China raises fears of broader crisis … Nomura said the number of ghost towns has spread beyond the well-known disaster stories of Ordos and Wenzhou to at least eight other sites … China faces the biggest property default on record as credit curbs threaten to break the housing boom, leaving a string of "ghost towns" across the country. The Chinese n...Read More
George Soros Predicts Ukraine Could Ruin The EU … The billionaire financier says in its tepid response to Russia's Crimea land grab, the EU flubbed a key chance to breathe new life into the stale union. George Soros, one of the world's leading investors, has warned that the European Union is in danger of falling apart if it fails to confront Vladimir Putin's naked aggression in U...Read More
Gold is king, but there may be a better way to store wealth … A great investing mistake is to try to predict the future. Really, an investment decision is more about the price you pay and whether you can afford to be wrong … Bitcoin needs to move past its current use as a payments processing tool to a realistic medium-term store of value. Its chief competitor is clearly gold. – S...Read More
George Soros Predicts Ukraine Could Ruin The EU … The billionaire financier says in its tepid response to Russia's Crimea land grab, the EU flubbed a key chance to breathe new life into the stale union. George Soros, one of the world's leading investors, has warned that the European Union is in danger of falling apart if it fails to confront Vladimir Putin's naked aggression in U...Read More