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News & Articles By Ethan Huff
09/23/2022
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By Ethan Huff
To avoid margin calls, European energy companies need another $1.5 trillion in bailout money
Massive overleveraging by Europe’s energy sector threatens to leave our neighbors across the pond in the dark this winter. Unless $1.5 trillion is pulled out of thin air to avoid margin calls, European energy companies are in serious trouble, according to Norwegian energy group Equinor. Several European countries are desperately trying to keep the energy […]
09/20/2022
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By Ethan Huff
FedEx cratering as economy implodes, shipping demand falls off cliff
Things are not looking good for global shipping giant FedEx, which just announced the implementation of significant cost-cutting measures due to a “softness” in global shipping volume. Softness, in this context, means that people and companies are no longer shipping things as much as they once were. This is, in part, due to ongoing supply […]
09/16/2022
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By Ethan Huff
Belgian PM says Europe needs to stop virtue signaling against Russia if it wants to survive
Yet another European Union (EU) leader is speaking out about how Western sanctions against Russia threaten to destroy Europe this winter by depriving much of the continent of energy. Well, he did not say it quite like that. In more politically correct fashion, Belgian Prime Minister Alexander De Croo simply warned that letting the pipelines […]
09/15/2022
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By Ethan Huff
SANCTIONS BACKFIRING: European manufacturers closing up shop due to skyrocketing energy costs
There is a pretty good chance that Europe is done for as it pertains to manufacturing. The soaring cost of energy has made it prohibitively expensive for primary-metals producers and other heavy industries to continue doing business across the continent, which is boycotting Russian energy over Vladimir Putin’s invasion of Ukraine. Anti-Russia sanctions have all […]
09/15/2022
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By Ethan Huff
First railroad union votes to STRIKE as negotiations deadline looms
The International Association of Machinists and Aerospace Workers (IAM) has voted to reject a tentative agreement with the nation’s railroads, with a strike authorized for later in the month. As the “cooling off” period comes to an end, IAM’s roughly 4,900 members decided to vote no deal on the proposals. They also voted to strike, […]
09/14/2022
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By Ethan Huff
Leaked documents show British police are preparing for “greater civil unrest” this winter
She has only been on the job for a few days, but new British Prime Minister Liz Truss has maybe a few weeks left to roll out a solid, confidence-inspiring plan to turn around Great Britain’s economy – or else face widespread unrest this fall and winter. Police chiefs across the United Kingdom say that […]
09/14/2022
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By Ethan Huff
Idiocracy: Germany finally admits that “without energy, no economy can run”
Peter Adrian, head of the Association of German Chambers of Industry and Commerce (DIHK), is reportedly coming to grips with the fact that Germany will collapse without Russian energy. It was all fun and games poking the Russian bear for political points. But now that the Nord Stream 1 (NS1) pipeline has been turned off […]
09/14/2022
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By Ethan Huff
60% of Great Britain’s manufacturing sector risks closure due to soaring energy prices
The results of a new survey on the current state of the British economy are dire, suggesting that as many as six in 10 manufacturing businesses throughout the country are at risk of closing due to skyrocketing energy bills. MakeUK, a manufacturing lobby organization in the United Kingdom, announced over the weekend that 42 percent […]
09/13/2022
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By Ethan Huff
Return to the Dark Ages: European steel, metals industries plead with EU to stop de-industrializing the continent with its sanctions against Russia
Dozens of relevant stakeholders sent a letter to European Commission President Ursula von der Leyen, European Council President Charles Michel, and several others in key position of power calling on them to take immediate action to “prevent permanent deindustrialisation from spiralling electricity and gas prices.” Western sanctions against Russia have made it prohibitively difficult for […]
09/09/2022
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By Ethan Huff
PhD economist says energy and financial situation in Europe is “much worse than many understand,” warns of “mayhem” in weeks or months
Forecaster, associate professor, CEO and economist Tuomas Malinen, PhD, says that economic conditions in Europe are much worse than most people – including Europeans themselves, who are being kept in the dark by their politicians as to what is transpiring – think. In addition to the energy crisis – several of Europe’s largest steel mills […]
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