This Problem With Fracked Oil and Gas Wells Is Occurring ‘at an Alarming Rate’

By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmogBlog. On February 15, 2018, a fracked natural gas well owned by ExxonMobil’s XTO Energy and located in southeast Ohio experienced a well blowout, causing it to gush the potent greenhouse gas methane for nearly three weeks. The obscure accident ultimately resulted in one of the […]

Electric vehicle maker Rivian: expect prices lower than previously announced

MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. The Rivian R1T all-electric truck is pictured at an event, held by […]

When the market drives you crazy

That is the title of the paper, by Corrado Giuletti, Mirco Tonin, and Michael Vlassopoulos, the subtitle is “Stock market returns and fatal car accidents,” here is the abstract: This paper provides evidence that daily fluctuations in the stock market have important–and hitherto neglected–spillover effects on fatal car accidents. Using the universe of fatal car […]

The feminization of society, installment #1637, suffragist peace edition

Preferences for conflict and cooperation are systematically different for men and women. At each stage of the escalatory ladder, women prefer more peaceful options. They are less apt to approve of the use of force and the striking of hard bargains internationally, and more apt to approve of substantial concessions to preserve peace. They impose […]

Is Another Black Death On The Way?

Authored by Eric Margolis, Plagues from the east are nothing new… The Black Death and other epidemics arrived in Europe from China during the 1300’s, killing a large percentage of its population. Much of this pestilence came from rats that stowed away on merchant ships coming from the east. At the end of World War […]

TEPCO Proposes 44-Year Plan To Decommission Fukushima No. 2 Nuclear Plant

About a decade ago, a powerful earthquake triggered a 15-meter tsunami that disabled the power supply and cooling of three reactors at the Fukushima Daiichi nuclear power plant.  The accident led to nuclear cores of three reactors to meltdown, causing widespread radiation release, along with the evacuation of thousands of people within a 30-kilometer radius.  Tokyo Electric […]

Russell Simmons Documentary Premieres Amid Controversy

PARK CITY, Utah — Outside the Sundance Film Festival premiere of “On the Record,” the documentary about women who have accused the hip-hop mogul Russell Simmons of sexual misconduct, a truck flashed an electronic sign in support of survivors: “Hold sexual abusers accountable.” Inside, the directors were thanking the festival for its support after Oprah […]

Pompeo Denounces News Media, Undermining U.S. Message on Press Freedom

WASHINGTON — Secretary of State Mike Pompeo escalated his clash with a respected NPR journalist on Saturday, lashing out at her and what he called the “unhinged” news media in an extraordinary statement. A day earlier, he abruptly ended an interview with her and delivered what the news outlet described as a profanity-laced rant. The […]

Did China Steal Coronavirus From Canada And Weaponize It

Submitted by Great Game India Last year a mysterious shipment was caught smuggling Coronavirus from Canada. It was traced to Chinese agents working at a Canadian lab. Subsequent investigation by GreatGameIndia linked the agents to Chinese Biological Warfare Program from where the virus is suspected to have leaked causing the Wuhan Coronavirus outbreak. Coronavirus Bioweapon – […]

This Is How China Is Hiding The True Number Of Coronavirus Deaths

As the world’s cortisol and stomach acid levels rise every hour in parallel with the number of officially reported Coronavirus infections (and deaths), which as of Saturday morning was roughly 1,400… Source: Johns Hopkins GIS and Data. … the world has an unpleasant flashback to 2003 when for weeks Beijing would lie and hide the […]

20,000 US Troops Have Surged Into Mideast Since Last Spring To 'Counter Iran'

The Associated Press reports a staggering surge of US troops into the Middle East since last Spring: “Over the past eight months, the United States has poured more than 20,000 additional troops into the Middle East to counter the escalating threat from Iran that peaked with the recent missile attack on American forces in Iraq.” This despite President Trump’s […]

Martenson: The Risk Of A True Pandemic Is Higher Than We're Being Told

Via, OK, there’s a LOT of uncertainty and confusing/conflicting information currently circulating right now about the new coronavirus outbreak that has suddenly erupted out of Wuhan, China. What’s really going on? What exactly is the ‘coronavirus’? And most important: How worried do we need to be? Given the poor communication so far by government health […]

Yale Cancels Prestigious Art History Course For Being “Too White”

A story and “justification” so absurd and absolutely bonkers that we sincerely wish this was The Onion and not from the oldest college daily newspaper in the United States and at one of the nation’s most elite Ivy League schools:  Yale will stop teaching a storied introductory survey course in art history, citing the impossibility of […]

'Shifty' Schiff: Warmongering Stooge Of The Deep State

Authored by Daniel Lazare via, All the usual suspects are praising Adam Schiff’s marathon two-and-a-half-hour Senate speech on Wednesday to the skies. Neocon columnist Jennifer Rubin calls it “a grand slam” in the Washington Post. Legal analyst Jeffrey Toobin describes it as “dazzling” on CNN.  Hillary Clinton: “Every American should watch this” John Legend: “This is brilliantly argued […]

Boeing 777X jetliner successfully completes maiden flight

A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, U.S. January 25, 2020. REUTERS/Terray Sylvester SEATTLE (Reuters) – Boeing Co (BA.N) on Saturday successfully completed the maiden flight of the world’s largest twin-engined jetliner, the 777X. The 252-foot-long passenger jet landed at Boeing Field near downtown […]

Clayton Christensen, Guru of ‘Disruptive Innovation,’ Dies at 67

Clayton M. Christensen, a professor at Harvard Business School whose groundbreaking 1997 book, “The Innovator’s Dilemma,” outlined his theories about the impact of what he called “disruptive innovation” on leading companies and catapulted him to superstar status as a management guru, died on Thursday at a hospital in Boston. He was 67. The cause was […]

Bernie Sanders Surges To 7-Point Lead In Iowa: Times Poll

A week to go until the Iowa caucuses, and a new Times-Siena poll published Saturaday shows Bernie Sanders opening up a sizeable lead, with Biden dropping to third under Buttigieg. Sanders is now 7-points ahead of the closest Democrat contender in Iowa, which marks an impressive 6-point jump since the last Times-Siena College survey of likely caucusgoers done in […]

Indonesia Releases U.S. Journalist Detained Over Visa Issue

JAKARTA, Indonesia — An American environmental journalist accused of violating the terms of his visa has been freed after three days in jail and is likely to be deported soon, a top Indonesian government minister said. The journalist, Philip Jacobson, 30, who works for the nonprofit news site Mongabay and is known for exposing environmental […]

Davos Man – Misbegotten Progeny Of Keynesian Central Bankers

Authored by David Stockman via, There were a reported 119 billionaires attending the Davos confab this year – plus the Donald, who took a day off from Impeachment to address this august gathering of the world’s movers and shakers. There was also 1500 private jets crowding the surrounding airports – plus the notable train-traveling […]

“Bullcrap”: Schiff Outrages GOP Senators With “Head On A Pike” Remark

After being held captive for three days while House Democrats litigated their impeachment case against President Trump, House Impeachment Manager Adam Schiff (D-CA) enraged Senate Republicans last night during his closing remarks when he referred to an anonymously sourced media report that they would face retribution from the White House if they voted to convict […]

EU plans more protectionist antitrust rules, data sharing in policy shake-up

BRUSSELS (Reuters) – The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows. FILE PHOTO: European Union flags fly outside the European Commission headquarters in […]

Fashion retailer H&M says data protection breaches unacceptable

FILE PHOTO: The H&M clothing store is seen in Times Square, New York, Nov. 15 2019. REUTERS/Mike Segar/File Photo STOCKHOLM/FRANKFURT (Reuters) – Fashion retailer H&M (HMb.ST) said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into […]

Don't Be Too Sure…

Authored by Charles Hugh Smith via OfTwoMinds blog, Don’t be too sure that the coronavirus will blow over and have no effect on global growth. If there is anything that characterizes this moment in history, it’s complacency: everyone’s so sure that current trend lines will continue, onward and upward, and risk has been tamed for the […]

56 Million Chinese On Lockdown As Virus Spreads To Australia, Malaysia

As we move into Saturday evening on the ground in Wuhan, it’s becoming increasingly obvious to the broader global community that China’s authoritarian government has failed to contain this viral outbreak. Chinese authorities expanded the travel restrictions on Saturday to cover 56 million Chinese, Al Jazeera reports. At least 18 cities in central Hubei are […]

Watch Live: Trump's Lawyers Begin Defense Against Impeachment

Watch Live: [embedded content] Update: Trump’s lawyers began their opening arguments Saturday by slamming Democrats for having “no evidence” to support their argument that Trump’s conduct with Ukraine warrants impeachment and removal. “They’re asking you not only to overturn the results of the last election but, as I’ve said before, they’re asking you to remove […]

UK Researcher Predicts Over 250,000 Chinese Will Have Coronavirus In Ten Days

When it comes to estimating the human capital and potential fallout from a highly contagious epidemic, arguably the most important variable is the R0 (“R-naught”) value of the disease, which represents the average number of secondary cases arising from an average primary case in a entirely susceptible population. That’s the technical definition, a simpler one […]

Woke terrorists what about plastic straws?

Terrorist group al Shabaab has banned single-use plastic bags. The Somali militant Islamist group, which has links to al Qaeda, has long had an interest in environmental issues. It made the official announcement on Radio Andalus, which is operated by al Shabaab. Jubaland regional leader Mohammad Abu Abdullah said the group had come to the […]

Barclays Bankers Bemoan “Double-Digit” Bonus Cuts As Profits Rebound

Paging all European investment bankers (or at least the ones who still have jobs): If you haven’t already, now would probably be a good time to update your resume and reach out to that old counterparty at JPM. Because Barclays is the latest European investment banking giant to slash banker bonuses for 2019, despite all […]

MiB: Barbara Tversky, Cognitive Psychologist

This week, we speak with Barbara Tversky, professor of psychology at Stanford and Columbia University, and the author of more than 200 research papers in experimental psychology. Her new book is Mind in Motion: How Action Shapes Thought. It details how the 9 Rules of Cognition affects our thought processes. Tversky’s research focuses on visual-spatial […]

Turkey Moves Toward Passage Of Controversial “Marry Your Rapist” Law

Authored by Jonathan Turley, We have often discussed the struggle of women in Muslim countries in resisting religious-based requirements for coverings and limitations on their movements and interactions. Turkey was once the exception among these countries as a secular, modern nation. That was before the rise of Islamic parties under the authoritarian President Recep Tayyip […]

Scientists In Britain May Have Just “Accidentally” Found A Cure For Cancer

Every once in a while, medical researchers simply have a stroke of good luck. In this case, that “stroke of good luck” could have a profound effect on the medial community.  Researchers at Cardiff University that were in the midst of analyzing blood from a bank accidentally stumbled into an “entirely new type of T-cell”, according […]

Saturday links: responsible tourism

Saturdays are the day we catch up with all the non-finance related stuff we didn’t get to during the week. You can check out last week’s edition here. Autos Energy Environment Transport Shipping Travel Science Technology Medicine Fitness Fake meat Restaurants Food Drink Coffee Dogs College Earlier on Abnormal Returns Mixed media

Longform links: appreciating excellence

Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how to tell good science from bad in the age of pseudoscience. Quote of the Day “While there is nothing wrong with having wealth or wanting more, this should be of secondary, not primary, importance. […]

Links 1/25/2020

Drumming duck will have you ‘quacking’ up New York Post (David L) Scientists Re-Create Voice of 3,000-Year-Old Mummy Associated Press Royal Row Harry and Meghan’s attempt to trademark Sussex Royal brand is blocked Daily Mail (Li). I am told that this is not likely to be someone saying they have an existing mark but rather […]

10 Weekend Reads

The weekend is here! Pour yourself a cup of crappy hotel Keurig, grab a seat at what passes for a desk, and get ready for our longer form weekend reads: • The Tesla Skeptics Who Bet Against Elon Musk (Businessweek) • What interest rates dating back to 1311 tell us about today’s global economy (Quartz) […]

Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme

(Reuters) – The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to […]

Your Credit Score May Soon Change. Here’s Why.

Your credit score — that all-important passport within the financial world — may be about to change. And it won’t necessarily be because of anything you did or didn’t do. The Fair Isaac Corporation, the company that creates the widely used three-digit FICO score, is tweaking its formula. Consumers in good financial standing should see […]

Vancouver vending machine markets in everything

Health advocates say a safe supply of opioids is critical to help prevent people from overdosing on tainted street drugs. Now, a pilot project in Vancouver’s Downtown Eastside provides some high-risk users with access to an automated machine that dispenses opioids prescribed by a doctor… The machine, called MySafe, is stocked with hydromorphone tablets that are released on […]

Local Climate Policy Run Amok, Bellingham Edition

Yves here. This post on Bellingham is a mini-case study in a community-level climate change initiative. Since local politics is where citizens typically can have the biggest impact, it’s therefore germane to a lot of readers. What it illustrates, sadly, is that even on a small scale, devising good policy is often hard. By Peter […]

The 3 critical questions your prospective clients need you to answer

Photo: Shutterstock. Before you market anything to anyone, there are 3 critical questions your prospective customers need you to answer. Here’s why this matters. Almost all marketing from small and medium-sized businesses gets this wrong. And in doing so, they needlessly lose out on additional sales or new clients. I don’t want that to happen to […]

My spring 2020 Industrial Organization reading list and syllabus

It is long, do note that many topics are covered in the other half of the class, I tried to put this beneath the fold, but today WordPress software is not cooperating… Productivity American Economic Review Symposium, May 2010, starts with “Why do Firms in Developing Countries Have Low Productivity?” runs pp.620-633. Nicholas Bloom, Raffaella […]

Starbucks shuts shops, suspends delivery in China's Hubei amid virus outbreak

FILE PHOTO: visitor drinks coffee at a Starbucks outlet inside the Forbidden City in Beijing January 18, 2007. REUTERS/Claro Cortes IV BEIJING (Reuters) – Starbucks has closed all shops and suspended delivery services in China’s Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from its capital Wuhan has caused […]

Poland's Disgraceful Denial Over Holocaust Commemoration

Via The Strategic Culture Foundation, There was good reason why Polish President Andrzej Duda was prevented from addressing the Holocaust memorial event in Israel this week. The organizers anticipated he would use the event to make ugly and foolish accusations against Russia for having alleged complicity in the Nazi genocide. On being refused the opportunity […]

What You Need to Know to Visit Spain as a Tourist

Featured image from Pixabay on Pexels Every business owner needs a break from time to time. Are you thinking about some international travel for your next vacation from running your business? For instance, would you like to visit Spain? If you do, you’re going to need a visa in addition to your passport. In this […]