Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56376 Wed, 25 Mar 2015 17:02:31 GMT Beijing to Shut All Major Coal Power Plants to Cut Pollution http://implode-explode.com/viewnews/2015-03-25_BeijingtoShutAllMajorCoalPowerPlantstoCutPollution.html iehi-feed-56365 Tue, 24 Mar 2015 01:15:14 GMT Iran is ready to crash "Pipelineistan" | Pepe Escobar http://implode-explode.com/viewnews/2015-03-23_IranisreadytocrashPipelineistanPepeEscobar.html iehi-feed-56359 Sun, 22 Mar 2015 13:54:31 GMT Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse http://implode-explode.com/viewnews/2015-03-22_PinkSlips100000JobsWipedOutAmidOilPriceCollapse.html iehi-feed-56349 Sat, 21 Mar 2015 12:53:23 GMT ISIS capitalizes on Libya security vacuum, establishes ‘legitimate foothold' -- State Dept. http://implode-explode.com/viewnews/2015-03-21_ISIScapitalizesonLibyasecurityvacuumestablisheslegitimatefoothol.html iehi-feed-56346 Fri, 20 Mar 2015 13:59:40 GMT A major US energy company has filed for bankruptcy http://implode-explode.com/viewnews/2015-03-20_AmajorUSenergycompanyhasfiledforbankruptcy.html iehi-feed-56339 Thu, 19 Mar 2015 13:39:23 GMT ‘Glaring breach': Minsk ‘violation' sees Russia urge France, Germany to act on Ukraine http://implode-explode.com/viewnews/2015-03-19_GlaringbreachMinskviolationseesRussiaurgeFranceGermanytoactonUkr.html iehi-feed-56305 Sun, 15 Mar 2015 14:15:25 GMT China has become main banker in Latin America http://implode-explode.com/viewnews/2015-03-15_ChinahasbecomemainbankerinLatinAmerica.html From 2005 (when the data base Inter-American Dialogue started registering) to 2014, China granted loans to Latin American countries of 119 billion dollars in total [2]. The Chinese grants are higher than the total amount of loans granted by the Ex-Im Bank from the United States, the Inter-American Bank of Development (IABD) and the World Bank. This situation contributes to Washington's weakening financial hegemony in the region 

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More than six years after the outbreak of the financial crisis of 2008 and facing extreme volatility of financial markets as a consequence of increased system vulnerability, the Chinese ended up being the favourite bankers of emergent countries as they offer loans with fewer conditions and at lower interest rates compared to American and European banks. In accordance with estimations made by Fred Hochberg, president of the Ex-Im Bank from the United States, the Chinese state banks have invested approximately 650 billion dollars all over the world during the last two years.

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iehi-feed-56294 Fri, 13 Mar 2015 18:52:07 GMT Stocks tumble as Dow drops 240; oil plunges 4% http://implode-explode.com/viewnews/2015-03-13_StockstumbleasDowdrops240oilplunges4.html iehi-feed-56293 Fri, 13 Mar 2015 18:50:57 GMT Rising Heating Bills Put U.S. Consumers in Sour Mood http://implode-explode.com/viewnews/2015-03-13_RisingHeatingBillsPutUSConsumersinSourMood.html iehi-feed-56287 Fri, 13 Mar 2015 15:34:44 GMT Oil Storage Squeeze May Lead to Another Price Crash http://implode-explode.com/viewnews/2015-03-13_OilStorageSqueezeMayLeadtoAnotherPriceCrash.html iehi-feed-56275 Wed, 11 Mar 2015 19:16:46 GMT Ukraine wins IMF approval for $17.5 billion to rescue economy http://implode-explode.com/viewnews/2015-03-11_UkrainewinsIMFapprovalfor175billiontorescueeconomy.html iehi-feed-56270 Wed, 11 Mar 2015 14:25:21 GMT Once one of Africa's richest countries, oil-dependent Libya spirals towards bankruptcy http://implode-explode.com/viewnews/2015-03-11_OnceoneofAfricasrichestcountriesoildependentLibyaspiralstowardsb.html iehi-feed-56256 Mon, 09 Mar 2015 15:32:09 GMT truthinesslessness | KUNSTLER http://implode-explode.com/viewnews/2015-03-09_truthinesslessnessKUNSTLER.html ... an economist (sic) such as Paul Krugman of The New York Times might ask himself how it is that Zero Interest Rate Policy only trickles down to places where hamburgers are sold. PK was at it again in his Monday column, yammering about "rapid job growth," "partying like it was 1995." Wise men like him are pounding this country down a rat hole faster than you can say Romulus Augustulus.

Apparently the US Bureau of Labor Statistics missed the job bloodbath in the oil industry, especially over in Frackville where the latest western phenomenon is the ghost man-camp (along with ghost pole dancing parlors). It's a veritable hemorrhagic fever of job layoff announcements: 9,000 here, 7,000, there, thousands of thousands everywhere -- Halliburton, Schlumberger, Baker Hughes -- like an Ebola ward in the oil services sector

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iehi-feed-56237 Sat, 07 Mar 2015 04:10:45 GMT Libya declares force majeure on 11 oilfields due to insecurity - state oil co http://implode-explode.com/viewnews/2015-03-06_Libyadeclaresforcemajeureon11oilfieldsduetoinsecuritystateoilco.html Libya is caught up in a conflict between two rival governments, and several of its oil ports and oilfields have been hit in battles or taken over by Islamist militants profiting from the chaos as the United Nations tries to broker a peace deal. ]]> iehi-feed-56231 Fri, 06 Mar 2015 03:27:23 GMT An Oil Firm That Raised Money Seven Months Ago Just Missed Its First Bond Payment http://implode-explode.com/viewnews/2015-03-05_AnOilFirmThatRaisedMoneySevenMonthsAgoJustMissedItsFirstBondPaym.html iehi-feed-56222 Wed, 04 Mar 2015 18:07:07 GMT Ukraine agrees tough austerity package to gain $17.5bn IMF bailout http://implode-explode.com/viewnews/2015-03-04_Ukraineagreestoughausteritypackagetogain175bnIMFbailout.html iehi-feed-56208 Tue, 03 Mar 2015 14:16:17 GMT US Savings Rate Surges To Highest Since 2012 As Consumers Save "Gas Tax Cut" Instead Of Spending http://implode-explode.com/viewnews/2015-03-03_USSavingsRateSurgesToHighestSince2012AsConsumersSaveGasTaxCutIns.html iehi-feed-56207 Tue, 03 Mar 2015 01:11:26 GMT HOW'S THAT DEFLATION WORKING OUT FOR YOU? http://implode-explode.com/viewnews/2015-03-02_HOWSTHATDEFLATIONWORKINGOUTFORYOU.html The BLS put out their monthly CPI lie last week. They issued the proclamation that inflation is dead. Did you know your costs are 0.1% lower than they were one year ago. They then used these deflation numbers to proclaim your real wages soared last month. It's all good. The American consumer is so flush with cash, they decided to spend less money for the second month in a row.

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And now for the BIGGEST LIE in the entire report. The have the balls to tell you that health insurance only makes up 0.753% of your entire annual budget and it has FALLEN by 0.5% in the last year. This must be some cruel Obamacare joke perpetrated by these government apparatchiks. I haven't met anyone who has seen their health insurance costs go down in the last year. My premiums went up by 20% and my annual family deductible went from $0 to $2,000. How the BLS can get away with issuing this drivel is beyond my comprehension. It's pure and utter bullshit.

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iehi-feed-56205 Mon, 02 Mar 2015 22:32:05 GMT India's Tata strikes a deal with Russia's biggest coal producer (+OLIGARCH BUYS GERMAN NORTH SEA ASSETS) http://implode-explode.com/viewnews/2015-03-02_IndiasTatastrikesadealwithRussiasbiggestcoalproducerOLIGARCHBUYS.html Russian oligarch buys North Sea oil and gas assets.]]> iehi-feed-56202 Mon, 02 Mar 2015 14:39:22 GMT Europe's largest gas field, Dutch, In Peril Due To Quakes http://implode-explode.com/viewnews/2015-03-02_EuropeslargestgasfieldDutchInPerilDueToQuakes.html