When the Soviet Union collapsed in 1990, Cuba’s economy went into a tailspin. With imports of oil cut by more than half and food by 80 percent people were desperate. This film tells of the hardships and struggles as well as the community and creativity of the Cuban people during this difficult time. Cubans share how they transitioned from a highly mechanized, industrial agricultural system to one using organic methods of farming and local, urban gardens. It is an unusual look into the Cuban culture during this economic crisis, which they call “The Special Period.” The film opens with a short history of Peak Oil, a term for the time in our history when world oil production will reach its all-time peak and begin to decline forever. Cuba, the only country that has faced such a crisis the massive reduction of fossil fuels is an example of options and hope.
Duration : 0:2:8
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(Bloomberg) — The dollars role in international trade should be reduced by establishing a new currency to protect emerging markets from the confidence game of financial speculation, the United Nations said.
UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI
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The following is a summary of the main economic events from the Asia-Pacific and European sessions:
*UN Trade and Development Agency proposes setting-up a new world reserve currency based on a basket of global FX mediums.
*Former Feds Greenspan tells audience in Mumbai, India, that U.S. banks need to hold higher capital ratios than they do currently to offset any future crises.
*Gold breaks above the $1000-per-ounce mark for the first time since late February 2009.
*Chinese Finance Ministry says it will sell CNY 6.0 billion in government bonds; they will be issued in Hong Kong on September 28.
*PBOC Vice Governor Su tells audience at a finance conference that the central bank will continue providing appropriately loose monetary policy.
*UK Chancellor Darling tells audience in Cardiff, Wales, that while the government will not back away from cutting public spending, it will properly signal the move to market agents.
*Expansion interview: ECBs Gonzalez-Paramo says markets could be overreacting to the recent global wave of positive economic data; adds that excesses are always bad.
*UK industrial production rises 0.5% month-over-month in July, beating calls for a 0.2% increase and below the previous 0.6% gain; annual production contracts 9.3% compared to forecasts for a 10.1% fall and following the previous 10.7% decline.
*UK manufacturing production surges 0.9% month-over-month in July, beating forecasts for a 0.3% increase and the previous 0.6% gain; annual production declines 10.1% compared to forecasts for an 11.1% decline and after the previous 11.3% fall.
* German trade surplus rises to €13.9 billion in July, despite calls for a decline to €11.3 billion from €12.1 billion; current account surplus falls to €11.0 billion, a smaller drop than forecasts for a contraction to €10.0 billion from €13.5 billion the month prior.
*Swiss unemployment rate rises to 4.0% in August, despite calls for an increase to 4.1% from 3.9% the month prior.
*Japanese Eco Watchers current economic index falls to 41.7 in August, despite calls for an increase to 43.0 from 42.4 the month prior.
*Japanese trade surplus (BOP basis) drops to ¥437.3 billion in July, more than the expected fall to ¥495.1 billion from ¥602.2 billion in June; meanwhile, current account total increases to +¥1265.6 billion in July from +¥1152.5 billion, disappointing the consensus call, however, for a rise to +¥1452.6 billion.
*Australian NAB business conditions index rises to a +4 reading in August from +1 the prior month; meanwhile, business confidence component increases to +18 from +10 in July.
*UK BRC retail sales monitor declines 0.1% in August, worse than the expected flat reading but improving upon the prior 8.1% drop.
*Kraft Foods says it will continue its £10.2 billion ($16.7 billion) hostile bid to acquire Cadbury, after the chocolate maker rejected an offer by the American foods giant; Kraft is offering 300 pence, or slightly more than a quarter-of-a-share in Kraft, for every Cadbury share.
*British regulators fine Barclays £2.45 million ($4.0 million) for failing to provide accurate transactions information.
*Toyota announces it will hire 800 temporary employees in Japan in October due to improving auto sales.
*Taiwans PM Liu resigns due to the controversy over the governments response to the deadly typhoon last month.
*BBC: Reyes Heroles, the head of Mexicos state-owned oil company Pemex, is replaced by Juan Jose Suarez; Mexican Attorney General Eduardo Medina Mora, integral to the countrys war on drug cartels, also loses his position.
http://www.fxstreet.com/fundamental/market-view/the-overnight-express-north-american-edition/2009-09-08.html
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The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the worlds standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.
http://rawstory.com/08/news/2009/09/07/united-nations-calls-for-new-world-currency/
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Duration : 0:4:6
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Biofuel F-18 fighter jet – called the Green Hornet – will be flown for the first time on Earth Day. President Obama Opens Offshore Oil and Gas Drilling w New Bio Fuel Fighter jet at Andrews Air Force Base AFB Energy Security and Independence Defense Department has invested $2.7 billion this year alone to improve energy efficiency.
President Obama announces plans to open new offshore areas for oil and gas development in ways that protect the environment and as part of a larger strategy to ensure energy security and independence.
Duration : 0:13:39
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huge governmental gold sales behind the scenes, american soldiers working to supply oil to China, pickpocketing because of red tide toxic algae, us treasury rigging the market in summer of 2008 to jack up the value of the dollar and lower the price of crude oil, recorded on September 20th 2008
Duration : 0:4:33
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(1/27/10) Barack Obama–State of the Union: “To create more of these clean energy jobs, we need more production, more efficiency, more incentives. That means building a new generation of safe, clean nuclear power plants in this country. It means making tough decisions about opening new offshore areas for oil and gas development. It means continued investment in advanced biofuels and clean coal technologies.”
Background Article:
“Obama Said to Seek $54 Billion in Nuclear-Power Loan Guarantees”: http://www.bloomberg.com/apps/news?pid=20601087&sid=a44IdhfYkf2s
Duration : 0:3:15
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Jan. 29 (Bloomberg) — Pavel Molchanov, an analyst at Raymond James & Associates, talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for Chevron Corp. after it said fourth-quarter net income dropped 37 percent as slumping demand for diesel and gasoline outweighed gains from oil production and prices.
Molchanov also discusses prospects for the company’s refineries and the outlook for Exxon Mobil Corp.’s earnings. (Source: Bloomberg)
Duration : 0:4:42
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Music by Muse, Exogenesis from the album Resistance.
http://www.facebook.com/onearth
The latest video from Sustainable Earth. Includes new reports from government, the military, intelligence agencies and major NGO’s. It ends on a positive note; the reality of consequence will finally free humanity from short-term thinking.
I looked at literally dozens of reports for this short video…in the end I picked the most credible and those that summed up the prevailing thinking of the world’s best experts. Unfortunately it was impossible to include every detail; this is just an introduction to the subject. For further reading the files which make up this video are below.
Hirsch Report Peaking of World Oil Production: Impacts, Mitigation, and Risk Management (US Dept of Energy): http://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf
Energy Trends and Implications for U.S. Army Installations(US Marine Corp): http://handle.dtic.mil/100.2/ADA440265
Global Oil Depletion (UK Energy Research Centre): http://www.ukerc.ac.uk/support/Global%20Oil%20Depletion
Coming Oil Supply Crunch(Chatham House): http://www.chathamhouse.org.uk/publications/papers/view/-/id/652/
Peak Oil: A Survey of Security Concerns(Center for New American Security):http://www.cnas.org/node/26
Global Trends 2025: A World Transformed(US National Intelligence Council/Director of National Intelligence):
http://www.dni.gov/nic/NIC_2025_project.html
DCDC Strategic Trends 2007-2036(UK Ministry of Defence): http://www.mod.uk/DefenceInternet/MicroSite/DCDC/OurPublications/StrategicTrends+Programme/
Global Atmosphere Watch Strategic Plan: 2008 – 2015 (World Meteorological Programme United Nations): http://www.wmo.int/pages/prog/arep/gaw/gaw_home_en.html
The Great Transition(New Economics Foundation): http://www.neweconomics.org/publications/the-great-transition
Music by Muse: Exogenesis from album Resistance http://muse.mu/
Duration : 0:10:18
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Easy Way For Your Course.
Tensions are mounting over British plans to start oil production near the Falkland Islands. London says drilling will start on Sunday despite Argentina’s vehement opposition.
In this movie you can see something that bad for the world and what you can do better.