News 

F18 fighter plane crashes on takeoff near Madrid, killing pilot

“An F18 fighter jet crashed on takeoff at a military base near Madrid on Tuesday, killing the pilot – the second time a military plane has come down in Spain in a week” writes Our Foreign Staff for telegraph.co.uk. “The pilot of the airplane has died as a consequence of the accident, which happened during take-off,” the Spanish defence ministry said in a tweet following the crash near the Torrejon de Ardoz base, around 20 kilometres (12 miles) from Madrid.”Rescue teams are on their way to the scene of the…

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News 

What cosmic crash confirmed: Einstein was as good as gold

“Astronomers thought they came from two neutron stars colliding, and when they saw this crash they confirmed it” writes Seth Borenstein for seattletimes.com. Astronomers weren’t quite sure where short gamma ray bursts came from, but figured that a crash of neutron stars was a good bet.WASHINGTON (AP) — When two extremely dense neutron stars crashed together in a distant galaxy, astronomers struck scientific gold, confirming previously unproven theories, including some from Albert Einstein.Measurements of the light and other energy that the crash produced helped them answer some cosmic questions. Source: seattletimes.com…

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Markets News Stocks 

Wall Street pros recall ‘sheer panic’ of October 1987 stock-market crash

“Read: 30 years after Black Monday, could stock market crash again?” writes News Editor for marketwatch.com. The October 1987 stock-market crash that holds the record for the deepest one-day percentage drop still evokes memories of its carnage 30 years later.A rules-based automated strategy, structured to buy Treasurys and sell stock futures when markets fell to protect investors’ portfolios, instead exacerbated the very fall from which it was supposed to protect, he said.One of those main products was portfolio insurance designed to protect investors from unexpected falls in the market. Source: marketwatch.com…

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Markets News Oil 

Oil will crash to $10 a barrel with electric vehicle revolution, strategist says

“Oil prices are poised to crash to just $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of Longview Economics, told CNBC on Friday” writes Heinz-peter Bader for cnbc.com. When looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market would most likely be Saudi Aramco’s initial public offering (IPO) in the second half of next year.And when he was asked about Saudi Arabia’s state oil group being launched on…

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News 

Chinese space station will crash to Earth within months

“An 8.5-tonne Chinese space station has accelerated its out-of-control descent towards Earth and is expected to crash to the surface within a few months” writes Michael Slezak for theguardian.com. But in 2016, after months of speculation, Chinese officials confirmed they had lost control of the space station and it would crash to Earth in 2017 or 2018.In 1991 the Soviet Union’s 20-tonne Salyut 7 space station crashed to Earth while still docked to another 20-tonne spacecraft called Cosmos 1686. Source: theguardian.com Share This:

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Crypto News 

Bitcoin Just Smashed Through the $5,000 Barrier Again. Here’s Why

“But for investors who held their nerve, the crash may as well have never happened” reports fortune.com. Remember bitcoin’s big crash in September?. It was caused by Chinese regulators cracking down on the cryptocurrency and figures such as Jamie Dimon talking it down.Japan, too, recently started keeping cryptocurrency exchanges under a watchful eye in order to stop bitcoin’s misuse, but its licensing scheme for exchanges also pointed to the cryptocurrency’s slow move toward the mainstream. Source: fortune.com Share This:

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News 

All southbound lanes of I-95 reopened in Stafford, Va., after fatal crash

“A crash near the Marine Corps Base Quantico in Virginia has closed all southbound lanes of Interstate 95 in the area” reports washingtonpost.com. The driver of a 2003 Dodge van got onto the southbound lanes of the interstate and headed north.Virginia State Police said the driver of a van was killed in a crash early Thursday morning along the southbound lanes of Interstate 95 in Stafford after it went the wrong way on the highway. Source: washingtonpost.com Share This:

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Driver in fatal DUI crash had blood-alcohol level 4 times legal limit: cops

“A driver arrested after a crash Sunday that killed a woman and four children near Salem, Ore., had a blood-alcohol level nearly four times the legal limit, police revealed Tuesday” writes Fox News for nypost.com. Lisette Medrano-Perez, 25, of Molalla, Ore., was killed in the crash, along with four children, Oregon State Police said.Medrano-Perez was the mother of the three oldest children and an aunt and temporary legal guardian of the youngest child, police said.The crash happened on Oregon State Highway 99 East when a Land Rover driven by Garcia…

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Markets News 

A US fiscal stimulus now would up inflation, crash markets and cause a recession

“I like Hayek’s quip because it points to the pain that follows from exceeding the economy’s capacity to handle rising pressures on available labor and (physical) capital resources” writes unknown author for cnbc.com. But the sad truth is even that growth rate of 2 percent is more than the current factors of production (labor and physical capital) can deliver under conditions of non-accelerating inflation. Source: cnbc.com Share This:

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