EYE on the World - Turn, Turn, Turn...

 "Stories Going Beyond The Mainstream"   

      Turn, Turn, Turns... Upside Down  

Carbon Emissions Highest In 66 Million Years 

Carbon emission release rate ‘unprecedented’ in past 66m years 

Researchers calculate that humans are pumping out carbon 10 times faster than at any point since the extinction of the dinosaurs

Humanity is pumping climate-warming carbon dioxide into the atmosphere 10 times faster than at any point in the past 66m years, according to new research.

The revelation shows the world has entered “uncharted territory” and that the consequences for life on land and in the oceans may be more severe than at any time since the extinction of the dinosaurs.

 Read More

Heat Records Soar For 13th Straight Month 

 

The hottest May in modern history: Earth breaks heat record for 13th month in a row

• 
  
• Record May heat put global average at 60.17 degrees Fahrenheit
• 1.57 degrees above the 20th-century average says NOAA
• 
  
• If you live in Arizona, California or Nevada, watch out for temperatures as high as 120 degrees in the next few days.
• 
  
• That is not a typo 
• 
  
• Read More
• 
  

 Brexit "HUGE VICTORY" For  UK Democracy, Liberty and Sovereignty 

World Markets Roiled by Brexit as Stocks, Pound Drop; Gold Soars

Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years while sparking demand for haven assets from U.S. Treasuries to gold. 

The Dow Jones Industrial Average fell 587 points, or 3.4 percent, erasing gains for 2016 as bank shares plunged. European stocks bore the brunt of the carnage, with the Stoxx 600 Index sliding 7 percent in its worst day since October 2008. The yen briefly strengthened past 100 per dollar for the first time since 2013. Treasury yields had their biggest drop in more than four years and gold rallied above $1,300 an ounce. Volatility surged, with the CBOE’s measure of anxiety jumping 30 percent.

Read More

WARNING: Canadian Housing Crash Could Impair BIG Banks' Equity 

 

Housing crash in Canada could cost mortgage lenders almost $12 billion, Moody’s warns 

There are “systemic vulnerabilities” in the Canadian mortgage market that would be exposed if the country were hit by a U.S.-style housing meltdown, according to a report from Moody’s Investors Service.

A crisis on that scale could result in combined losses of more than $17 billion for the Canadian banks and mortgage insurers, with house prices falling by as much as 35 per cent, the ratings agency said in the report, published Monday.

Among the vulnerabilities cited in the analysis 

Read More

Banks' Stress-Tests Are A Joke - "The Name's Tucker, Not SUCKER" 

 

The 33 Biggest Banks Beat the Fed's Stress-Test Minimums for 2nd Straight Year 

For the second straight year, the biggest U.S. banks all had sufficient capital to withstand a severe financial downturn, according to results of the Federal Reserve's annual stress tests. 

It was a close call for some, including Morgan Stanley (MS) , BMO Financial (BMO) , Huntington Bancshares (HBAN) and KeyCorp (KEY) . The tests are the first phase of the review and will be followed by scrutiny of how the companies' plans for dividends and stock buybacks would affect their balance sheets. 

 Read More

Beautiful Orcas Starving 

The Orcas Are Starving

Vancouver photographer Mark Malleson took this photograph of the Southern Resident killer whale known as J-34, or Doublestuf, breaching while he was in the interior waters of the Salish Sea this spring. It’s a remarkable and frightening photo for orca lovers, because the male orca’s ribs appear to be protruding prominently.

That’s abnormal, especially for a resident killer whale at this time of year, when the orcas are typically well fed after a winter of preying on Chinook salmon. And so Malleson’s photo set off a number of alarm bells in the Northwest whale-watching community as it circulated on social media.

 Read More  

Billions To Suffer As Potash Causes Surge In Food Prices

Potash Price Surge Could Lead To Higher Food Costs For Billions

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it. If you can add 200,000 people every day to the global population and account for a significant loss of farmland at the same time, you can begin to understand the dire food situation facing the planet. This is why potash is so important: It’s the fundamental element that everyone takes for granted, despite the fact that a projected 7.7 billion lives will depend upon it by 2020. No commodity is more fundamental than potash—and there is a lot of pressure riding on an element that many people aren’t even familiar with. Of the key commodities taken for granted, potash is on the top of the list. The challenge for farmers—and for the world—is to increase crop yields on less land, which is being lost to climate […]

  oilprice.com 

World Markets Upended by Brexit as Stocks, Pound Drop; Yen Soars  

Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and European banks to their steepest losses on record.

"It’s Scary, And I’ve Never Seen Anything Like It" - Where Markets Are The Morning After 

European, Asian stocks and S&P futures plummet, as U.K. votes to leave European Union membership. FX carry trades everywhere go haywire, with the Dollar and Yen spiking while the Cable overnight plunged to 30 year lows and at last check was trading just around 1.37, down 1,300 pips from yesterday's highs. A modest rebound was experienced when first the Bank of England and shortly after all other central banks promised to pump virtually unlimited liquidity into the financial system. Ironically, all of this takes place a day after Fed’s stress tests showing all 33 banks exceed minimum requirements - we may find out just how "unstressed" they are as soon as today.

Brexit: What Happens Now?  

Although it was his responsibility to remain in No 10 to "steady the ship" - including by attending a meeting of EU leaders next week - he announced he would step down in the autumn as he was not the right "captain to steer the country to its next destination".  

Brexit Approval Sparks Both Celebration And Fears Of Global Economic Meltdown 

Voter approval of the Brexit – Britain’s exit from the European Union – led to celebrations for supporters and fear-mongering over the possibility of a global economic meltdown.

Shortly after a vote of 51.9 percent in favor of Brexit and 48.1 percent against it, world financial markets reportedly went into a tailspin. The U.S. economy could also suffer, The Wall Street Journal reported.

Economic instability sparked by the vote could signal the start of another crisis similar to the one in 2008, according to numerous reports.

“The vote instantly creates the biggest global financial shock since the 2008 economic crisis, this time with interest rates around the world already at or near zero, stripping policymakers of the means to fight it,” Reuters news reported.

But those in favor of the Brexit called it a victory for people who are sick of EU’s unbridled immigration and other globalist agendas. For supporters, the Brexit’s approval was a statement by people who are fed up with the lies and rip-offs perpetrated by big government, big banking, and big business.

Following the vote, Nigel Farage, leader of the UK Independence Party, said the EU is a “doomed project.”

“Dare to dream that the dawn is breaking on an independent United Kingdom,” he said. 

Inquisitr