That Old Gas Stove Is Not Your Friend

By Jean Tepprman – Re-Blogged From East Bay Express

As the United States has begun transitioning away from the use of coal and petroleum as a source of electricity and fuel, natural gas has been viewed as a relatively benign fossil fuel. After all, natural gas produces less carbon dioxide when burned than those other fossil fuels. It remains the energy source in about half of California’s buildings.

But scientists have increasingly warned that methane, the main component of natural gas, is itself a key heat-trapping gas — 84 times more potent than carbon dioxide in the first twenty years after release, according to the Environmental Defense Fund. In addition to the carbon dioxide created by its burning, the inevitable leaks as natural gas is extracted and shipped, make gas a serious climate threat in its own right.

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Europe Circumvents U.S. Sanctions On Iran

By Frances Coppota – Re-Blogged From Forbes

Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running.

The three governments announced the successful implementation of INSTEX at a meeting of the Joint Commission of the Joint Comprehensive Plan of Action (JCPOA) on June 28, 2019. The meeting was chaired on behalf of the EU by the Secretary General of the European External Action Service (EEAS), Helga Schmid, and was attended by representatives of China, France, Germany, Russia, the United Kingdom, and Iran.

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EPA’S Adoption of LNT for Cancer Risk Assessment

By Edward J. Calabresea, & Robert J. Golden – Re-Blogged From Junk Science

1. IntroductionThe US Congress passed, and President Richard Nixon signed intolaw the Safe Drinking Water Act in 1974. A significant provision of theAct involved engaging the US NAS to advise the EPA on multiple sci-entific and technical areas such as chemical and radiation risk assess-ment, including cancer risk assessment. To achieve these goals the NAScreated the Safe Drinking Water Committee (SDWC) in 1975. In 1977the SDWC published the 700 pageDrinking Water and Health[1] reportoffering EPA widespread guidance, including cancer risk assessmentand its underlying scientific foundations that supported the LNT.Within two years EPA would issue the first national drinking waterstandard for a chemical carcinogen using the LNT for total trihalo-methanes (THM) [2]. This action would jump start an avalanche ofother LNT based cancer risk assessments by EPA, not just for drinkingwater but for other environmental media as well.

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How to Become a Dangerous Person

How do you become “dangerous”? Writer and Portland-based podcaster Nancy Rommelmann would have thought she was the last person to answer that question — until she publicly dared to raise some questions about the #MeToo movement. Then her life suddenly changed and she became public enemy number one. She tells her astonishing story — what happened and why — in this compelling video.

Please watch the Video.

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Federal Debt Ceiling Reached As Federal Spending Rages

By Clint Siegner – Re-Blogged From Gold Eagle

The federal government will soon run up against its self-imposed borrowing cap once again.

Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some pressure to address the cap right now.

Treasury Secretary Steve Mnuchin has been fulfilling what seems to be the most sacred responsibility of his position: borrowing money. It’s one that each of his predecessors has also undertaken, without fail and without regard to party affiliation, in recent decades.

He is solemnly arguing why it would be wholly irresponsible for Congress not to approve another massive increase in what the Treasury can borrow.

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It’s Been A Great Recession For A Few

By David Haggith – Re-Blogged From Silver Phoenix

This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That’s something, right? Something? Let’s take an honest look at what we now call great.

By “the longest expansion” we mean the longest period in which US GDP has been growing without a recession. Now, that’s something to crow about, right?

Not so fast for many reasons. It’s also been the most anemic expansion on the books, and it’s not too hard to see why it’s been the longest, having nothing at all to do with a great economy. It has cost us far more than any expansion (by an order of magnitude) because we’ve piled up ten times the national debt over any amount we accumulated during previous expansions. (I’ve said before, it’s easy to let the “good times” roll when you are buying it all on the company credit card.) We also quadrupled the size of the Fed’s balance sheet. That didn’t cost anything, but we sure didn’t get much bang for the buck! We actually got less bang than in any previous expansion!

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Will Fed Easing Turn Out Like ’95 Or ‘07?

By Michael Pento – Re-Blogged From PentoPort

You should completely understand that the market is dangerously overvalued and that global economic growth has slowed to a crawl along with S&P 500 earnings. However, you must also be wondering when the massive overhang of unprecedented debt levels, artificial market manipulations, and the anemic economy will finally shock Wall Street to a brutal reality.

Artificially-low bond yields are prolonging the life of this terminally-ill market. In fact, record-low borrowing costs have been the lynchpin for perpetuating the illusion. Therefore, what will finally pull the plug on this market’s life support system is spiking corporate bond yields, which will manifest from the bursting of the $5.4 trillion BBB, Junk bond and leveraged loan markets. And, for that to occur, you will first need an outright US recession and/or a bonafide inflation scare.

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