Leading health charities should divest from fossil fuels, say climate scientists | Environment | The Guardian

Senior scientific figures, including influential climate researcher Michael Mann, have called on the world's two leading health charities to review their fossil fuel investments in light of a series of Guardian investigations published this week.

The Big Carbon investigations uncovered examples of industry misinformation campaigns, legal transgressions and alleged human rights abuses. 

Mann, along with other senior scientists and commentators, said the immense moral authority of the Bill and Melinda Gates Foundation and the Wellcome Trustwas in danger of being undermined by their continued investments in companies with such questionable corporate practices.

http://www.theguardian.com/environment/2015/may/23/leading-health-charities-should-divest-from-fossil-fuels-say-climate-scientists

Big Oil to Rachel Notley: Bring on a carbon tax - Business - CBC News

Government to toughen up the province's environmental policies.

To hear an oil industry chieftain advocate for a carbon tax, as Suncor's Steve Williams did in front of a downtown Calgary crowd on Friday, may feel incongruous, but consider who those comments were directed to — the NDP — and the situation takes on a tinge of the surreal. 

http://www.cbc.ca/news/business/big-oil-to-rachel-notley-bring-on-a-carbon-tax-1.3084357

The scramble for the South China Sea - Al Jazeera English

http://www.aljazeera.com/programmes/countingthecost/2015/05/scramble-south-china-sea-150522111011004.html

George Soros: World War 3 Between U.S. And Russia, China ‘No Exaggeration’

In a related report by the Inquisitr, Russian experts are recommending that Vladimir Putin use Russia's nuclear weapons against the Yellowstone volcano in order to make the supervolcano blow, but is that war strategy even possible?

The comments from George Soro came during a Bretton Woods conference at the World Bank. He believes that if the Chinese economy begins to falter then it is possible the Chinese government could look to World War 3 as a "solution" for holding on to power. Vladimir Putin's Russia has also been rattling their sabers for over a year now, and both countries have made economic and military alliances in addition to a dramatic increase in military spending.

While Soros does not believe China would go directly after the United States, he seems to believe it's possible the Chinese could attack a country that is allied with America.

"If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war," Soros said.

In this case, World War 3 would be triggered by economic conditions. While most Americans seem to think the tide has turned, Ann Pettifor, director of Policy Research in Macroeconomics, says the world is on the tipping point of another money meltdown.

Read more at http://www.inquisitr.com/2112387/george-soros-world-war-3-between-u-s-and-russia-china-no-exaggeration/#Fjp14UV0EPmSzTGZ.99

http://www.inquisitr.com/2112387/george-soros-world-war-3-between-u-s-and-russia-china-no-exaggeration/

These Videos of Nuclear Weapon Tests Are Terrifying But Spectacular

http://io9.com/these-videos-of-nuclear-weapon-tests-are-terrifying-but-1706320127

Warren Buffett thinks the poor should stop blaming inequality on the rich - People - News - The Independent

People need to stop blaming the rich for income inequality in America according to the third richest man in the world, Warren Buffett

In an opinion piece written for the Wall Street Journal Mr Buffett, who is estimated to be worth $71.3bn by Forbes magazine, claims that the depressing fact is that "the poor are most definitely not poor because the rich are rich".

Citing the likes of Henry Ford and Steve Jobs as examples of innovation, Mr Buffett goes on to say that the rich are not undeserving and that "most of them have contributed brilliant innovations or managerial expertise," to America's economy.

http://www.independent.co.uk/news/people/warren-buffett-thinks-that-the-poor-need-to-stop-blaming-inequality-on-the-rich-10271780.html?icn=puff-4

Isis claims it could buy its first nuclear weapon from Pakistan within a year - Middle East - World - The Independent

Isis has used the latest issue of its propaganda magazine Dabiq to suggest the group is expanding so rapidly it could buy its first nuclear weapon within a year.

The hyperbolic article, which the group attributes to the British hostage John Cantlie, claims Isis has transcended its roots as "the most explosive Islamic 'group' in the modern world" to evolve into "the most explosive Islamic movement the modern world has ever seen" in less than twelve months.

http://www.independent.co.uk/news/world/middle-east/isis-claims-it-could-buy-its-first-nuclear-weapon-from-pakistan-within-12-months-10270525.html

Deflation: An abject failure in the BOE's monetary policy. : FOREX

Deflation: An abject failure in the BOE's monetary policy

I tell my students that when inflation rises above 10% then people really begin to notice and start to change their spending habits. In the past double rather than a single digit attracted a lot more media attention and the effect of people bringing forward purchases increased the velocity of circulation of money. In turn this increased monetary demand and pushed up the rate of inflation even higher.

However if we move the decimal point two places to the left then 0.1% deflation tends to have a similar, though opposite, effect on peoples spending habits as they start to hold back purchases. This slows down the velocity of circulation of money as there is no rush to buy when prices are falling and the value of money is rising. Should this deflation become entrenched then even expansions in the money supply may not offset the contraction in monetary demand due to a slowing velocity.

http://education.forexlive.com/!/deflation-an-abject-failure-in-the-boes-monetary-policy-20150523

Milke: Grasping Alberta’s budget problems | Calgary Herald

http://calgaryherald.com/opinion/columnists/milke-grasping-albertas-budget-problems