“Greek Default Will Trigger an Immediate Magnitude 10 Earthquake” Mr. Szalay-Berzeviczy is no arm-chair quarterback. He sits atop one of the biggest banks in the world and is the former head of the Hungarian stock exchange, and he’s not beating around the bush. The Greeks will, without a doubt, default on their loans. In fact, this weekend we found out that they are incapable of meeting their deficit targets despite extreme austerity measures already taken. In the very near future, they will be incapable of making good on their payments, and once that happens, the seismic effects across the entire globe will be felt almost instantly. more
Bad Financial News Keeps Pouring In: 14 Facts That Just Might Scare The Living Daylights Out Of You: Will the bad financial news ever stop? A lot of people in the financial world were hoping for a much better fourth quarter after an absolutely disastrous third quarter. Well, if Monday was any indication, October could end up being a really rough month for global financial markets. So much bad financial news keeps pouring in that it really is a challenge to try to keep track of it all. Greece seems to get closer to defaulting on their debts with each passing day, and it appears that Germany is not going to contribute any more bailout money beyond what they have already committed to. more
Anak Krakatau (Child Of Krakatoa) Erupts: Anak Krakatau, a volcanic island in the Sunda Strait between the islands of Java and Sumatra in Indonesia, erupted on Tuesday sending columns of ash and rock hurtling high into the air. The rise in volcanic and earthquake activity prompted authorities to put in place a 2km exclusion zone for tourists and local fishermen. The Indonesian Volcanology and Geology Disaster Mitigation Centre reported that an estimated 6,000-7,000 volcanic earthquakes were recorded daily during the weekend and on Monday. Daily earthquake totals usually do not exceed 100-200. more
Volcano Alert Level Not Raised Despite Sulphur Smell: Skiers on the Whakapapa ski field in the central North Island have reported smelling hydrogen sulphide gas in recent weeks. Volcanologist Brad Scott says this is because the temperature of the crater lake is cooler, which tends to produce more gas. The latest Volcanic Alert Bulletin says the lake’s temperature on 29 September was 17.6 degrees Celsius. In March, the temperature peaked at 41 degrees Celsius. morego to archives
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