I asked Genesis Communications Network for permission to upload Mikes show. They responded: "Genesis Communications Network permits you to copy, distribute and transmit only unaltered copies…
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COMMERCIAL FREE VIDEO HERE… https://www.youtube.com/watch?v=RitNz2OWXPk On this Tuesday March 3 edition of the Alex Jones Show, we cover the showdown over Iran's alleged nukes as …
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COMPLETE SHOW HIGHER RESOLUTION HERE..https://www.youtube.com/watch?v=89fL20NfISQ On this Tuesday March 3 edition of the Alex Jones Show, we cover the showdown over Iran's alleged …
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On this Tuesday March 3 edition of the Alex Jones Show, we cover the showdown over Iran's alleged nukes as Israeli Prime Minister Benjamin Netanyahu addresses Congress. We also look at the…
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Richard Bandler, co-creator of NLP and the man who inspired Paul McKenna to greatness, collaborates with Alessio Roberti and Owen Fitzpatrick to reveal how to unleash your true potential and transform your life.
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Inspiring and easy-to-read, this fable recreates the experience of being at a workshop with Bandler. Rather than explaining the theories, An Introduction to NLP illustrates the principles and simple techniques that Bandler has developed over the past 35 years in action.
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GLOBAL ECONOMIC MELTDOWN: Precursors To A Global Financial Collapse – Giant Retailer Target To Cut Thousands Of Jobs In Restructuring!
March 3, 2015 – NEW YORK, UNITED STATES – Target plans to invest billions of dollars this year streamlining its business, opening new stores that are more personalized to local areas and appealing to customers who are increasingly younger and more diverse.
The retailer will also cut several thousand jobs in the next two years as part of a cost savings plan, the company said Tuesday at a meeting for financial analysts and investors
Target shares are up slightly in after hours trading to $78.09. The announcements come nearly a week after Target said same-store sales for 2014 increased 1.3% and 3.8% in the fourth quarter.
CEO Brian Cornell and other executives outlined the retailer’s business priorities, which are focused on making specific product categories more stylish and trendy and encouraging shopping across digital channels and stores.
Target has been working to reposition itself as a shopping destination after several years of missteps that saw the brand lose its edge on fashionable home and apparel. Cornell was brought on last summer after former CEO Gregg Steinhafel left the company in the wake of 2013’s holiday-season data breach.
Since then, Cornell has helped Target identify top priorities and drive investment in categories like style, baby and kids, and wellness, which accounted for more than a quarter of the brand’s sales last year. Those will continue to be the brand’s main merchandising priorities as the retailer invests up to $2.2 billion this year in an effort to grow sales, traffic and brand loyalty.
About $1 billion of that will go toward technology and supply chain management. Last year, Target expanded its buy online, pick up in store program and the number of stores that double as shipping warehouses, cutting down on shipping costs and delivering orders faster. The company also plans to save around $2 billion in the next two years by making its business operations more efficient and reorganizing employees at its headquarters in Minneapolis; that includes eliminating several thousand jobs.
“We’ve got to make sure we’re a simpler organization,” Cornell said. “We have to be more agile, more nimble.”
One of the company’s top strategies is focusing more on its smaller format City Target and Target Express stores, which allow Target to make stores more personalized to specific markets, Cornell said. It’s opening eight new express stores this year after piloting a location in Minneapolis last year. Stores will also start experimenting with a new mix of food in the grocery aisles, bringing in more fresh food, local brands and developing a recipe portal to help customers plan healthy meals.
While Cornell emphasized that food will not be a “signature category,” it still drives traffic and sales, accounting for more than 20% of business in stores.
“Overall we lack a clear positioning (on food),” said Kathee Tesija, chief merchandising and supply chain officer. She said food isn’t why customers come to Target and “that has to change.”
Target wants to position its brands to appeal to Millennial families and Hispanics in particular, two groups that are increasingly making up its customer base. That means bolstering its mobile apps and digital experiences in stores. Three quarters of Target customers start shopping on a mobile device, Tesija said, and last year mobile traffic grew 44%. – USA Today.
GLOBAL VOLCANISM: The Latest Report Of Volcanic Eruptions, Activity, Unrest And Awakenings – March 3, 2015!
Raung volcano (Indonesia): Our local Indonesian partner, photographer and volcanologist Andi, spent a week at Raung to observe the volcano´s current explosive eruption.
|Large Strombolian explosion/jet spewing lava from the dome’s vent, the sound accompanying this activity is just like an exploding bomb.
Photograph taken by Andi
On the 25th of February 2015, Andi reported us the following:
Over the last two weeks Raung has been spewing out lava fountains and explosions typical for Strombolian eruptions. During my visit there were many spectacular explosions, sometimes as frequent as occurring every 15 minutes. The loud detonation sounds and rumbling of the volcano could be heard up to 10-15 km away from the vent, as well as from Ijen crater. Harmonic tremors and regular gas venting are a steady occruence and seem to indicate that Raung might be building up a dome similar to the one in 2012.
|Beautiful incandescent trails of a large explosion during the night. Photograph taken by Andi|
|Beautiful incandescent trails of a large explosion during the night. Photograph taken by Andi|
The status alert remains at level 2 and so far no evacuation procedures have been initated for the many inhabitants of the land surrounding Raul volcano.
Bardarbunga volcano (Iceland): At noon of the 28th of February, the Scientific Advisory Board for Iceland´s recent volcanic activity officially declared that the eruption at Holuhraun has come to an end.
A first mention of a visible reduction in the amount of lava emitted over the previous 2 weeks was reported on the 6th of February – but seismic activity in and around Bárðarbunga continued to be strong.
The Icelandic Met Office reported on the 17th February that despite the eruption at Holuhraun continued to go on, it was clearly diminishing, and no earthquake over M5.0 had been detected in the Bárðarbunga area since the 8th of January.
On the 20th of February their report mentioned that the still ongoing eruption had diminished substantially over the last few weeks and that visual activity in the crater had decreased so much that for the first time the lava field was hardly increasing in size. By then there was also a clear diminish in the region´s seismic activity.
On the 24th of February, information on the sulphur dioxide emissions in populated areas revealed that there had not been any high values of SO2 detected on the twenty or so automatic gas measuring stations – and no surpassing of the health limit of 350 µg/m³ since the 5 th of February. But it was also clearly stated that this of course does not apply to the wilderness closer to Holuhraun where sulphur dioxide is present at dangerous levels. A helicopter surveillance flight on the 27th of February finally showed that there was no more glow at the eruptive site, suggesting that the magma flow is over, i.e. that new and hot magma is no longer transported to the surface to erupt as lava through the vents in Holuhraun. Volcanic gas is, however, still being released from both the eruptive site and the lava field.
The Holuhraun eruption began on the 31st of August 2014, after 2 weeks of earthquakes in and around Bárðarbunga volcano which were followed all over the world thanks to the internet and represent the first time ever that a magmatic intrusion in the upper crust was closely observed.
|The fissure was still very active and violently erupting tall lava fountains from a number of vents when
volcanologist Dr Tom Pfeiffer flew over the site on the 12the of September 2014.
|On the 27th of February Helo – Helicopter Service of Iceland reported that the flame is now out in Holuhraun.|
|The eruption site at Holuhraun and the immensely long lava flow and active lava field on the 26th of October 2014. Photograph taken by Ólafur Sigurjónsson.|
|By the winter of 2014, the exposive activity had subdued and changed into effusive activity of lava flowing from a large active lava lake.
Photograph from the Institure of Earth Sciences at the University of Iceland.
|This lava lake continued to be very active: continuous degassing gave rise to bubbles and explosions, making the lava lake look as it is boiling.
Photograph from the Institure of Earth Sciences at the University of Iceland.
The fissure eruption had a large number of active vents that ejected large amounts of lava for a prolonged time, but even after the initial onset of the eruption a few of these vents remained very active – eventually transforming from explosive to effusive volcanic activity but continuing to feed the huge lava field by flows from the active lava lake.
This 6 months long continuous eruption quickly became one of the very rare prolonged fissure eruptions Iceland has experienced in the past 1000 years. It also pulverized records of volume of ejected magma, length of the resulting lava flow and duration of the eruption from volcanic eruptions in the last few centuries: about 1.5 km³ of lava has been erupted and the resulting lava field has a surface area of about 86km² – making it the largest Icelandic eruption since Laki´s activity in 1783-1785.
The Laki fissure eruption itself continued for 8 months, erupted ca. 14 km³ of basaltic lava and emitted poisonous volcanic gasses (hydrofluoric acid and sulphur dioxide) that killed 50% of the livestock on Iceland. As a result, about 25% of the Icelandic human population starved to death. But the deadly results from this eruption did not stop there: in the aftermath of the eruption temperatures plunged globally due to the large amounts of sulphur dioxide that was injected in the northern hemisphere. It is estimated that the famine resulting from this climate change killed about 6 million people worldwide – making one of the most deadly volcanic eruptions of all times.
Luckily, the recent Holuhraun fissure eruption has not been so poisonous, although it did also emit a lot of sulphur dioxide in the surrounding atmosphere, which at times drifted to other parts of northern Europe. The Icelandic Civil Protection will continue to closely monitor the emission of volcanic gasses and issue warnings / alerts if the combination of degassing and the weather are forecasted to result in dangerous high levels of sulphur dioxide in certain parts of Iceland.
Other lava eruptions have taught that a lava field continues to emit gas for a long time after the end of the eruption itself. Without the thermal rise from an open vent, the volcanic gases will furthermore tend to follow pathways under the ground to find new areas to escape into the atmosphere. Therefore, even higher values of more polluting gas may be expected now than in recent weeks.
The Civil Protection thus remains to operate in the alert phase and there is no change with regard to the restricted area north of Vatnajökull, but the aviation colour code for Bárðarbunga has been downgraded from orange to yellow.
Villarrica volcano (Chile): Activity increased to a paroxysmal eruption this morning, as strombolian explosions merged into sustained tall lava fountains several hundreds of meters tall, feeding lava flows on the upper slopes of the volcano.
The ash plume rose approx. 3 km above the volcano and caused moderate ash fall in nearby areas. Red alert was declared in the municipalities of Villarrica, Pucón and Curarrehue in the La Araucanía region, as well as in Panguipulli in the Los Ríos region. More than 3300 people were evacuated.
Colima (Western Mexico): Dr Tom Pfeiffer is part of a volcano filming expedition in Mexico at the moment. They have been observing Colima volcano over the past few days.
|Starry sky and large explosive eruption of Colima, photograph by Hernando Rivera.|
The effusive activity seems to have stopped since there is no more dome building nor lava flows. Explosive activity has taken over instead: Colima erupts in irregular explosions (at intervals of 30mins to 7 hours) of small to moderately large size, emitted from two different vents in summit crater. Ash plumes are rising to max 2-3km and bombs thrown into the air are estimated to travel up to 800m high and land laterally up to 1.5 km away from the vent. Such large eruptions can furthermore last up to 2 minutes.
Stromboli volcano (Eolian Islands, Italy): Strombolian activity from the summit vents continues slowly to increase but always below normal levels.
|Strong Strombolian explosion on Feb 15th (INGV Catania)|
In the morning of Feb the 15th a brief but energetic series of 7-8 strong explosions occurred less than 2 minutes:it was characterized by the most powerful explosion observed since the end of the effusive activity.
Volcano Activity Summary as of March 3, 2015
Ambrym (Vanuatu): active lava lakes in several craters (updated 14 Aug 2013)
Aso (Kyushu): intense strombolian activity from main vent in Nakadake crater (updated 16 Feb 2015)
Batu Tara (Sunda Islands, Indonesia): strombolian explosions, ash plumes up to 500 m, extrusion of a small lava dome with rockfalls (updated 4 Nov 2014)
Chikurachki (Paramushir Island): ash emissions, explosions (updated 17 Feb 2015)
Colima (Western Mexico): Irregular small to moderately large explosions (updated 28 Feb 2015)
Copahue (Chile/Argentina): ash venting (updated 4 Dec 2014)
Daikoku (Volcano Islands): underwater eruption discovered on 14 Dec 2014 (updated 22 Dec 2014)
Dukono (Halmahera): thermal anomaly, probably small explosive activity in summit crater (updated 12 Feb 2015)
Erebus (Antarctica): active lava lake in summit crater (updated 8 Dec 2014)
Erta Ale (Ethiopia): active lava lake in northern pit crater, active hornito with intermittend flow in southern crater (updated 11 Jan 2013)
Fuego (Guatemala): intermittent strombolian explosions (updated 19 Feb 2015)
Gamalama (Halmahera): new eruption on 18 Dec 2014 (updated 22 Dec 2014)
Ibu (Halmahera, Indonesia): stromolian and phreatomagmatic explosions (updated 14 Nov 2014)
Karangetang (Siau Island, Sangihe Islands, Indonesia): growing lava dome, incandescent avalanches (updated 5 Feb 2015)
Karymsky (Kamchatka): occasional small explosions, thermal anomaly (updated 28 Jan 2015)
Kilauea (Hawai’i): new lava flow from vents on NE flank of Pu’u ‘O’o (updated 13 Aug 2013)
Kliuchevskoi (Kamchatka): strombolian activity and lava flow on summit vent (updated 19 Feb 2015)
Marapi (Western Sumatra, Indonesia): sporadic explosions (updated 27 Mar 2014)
Nishino-shima (Volcano Islands, Japan): growing island (updated 19 Jan 2015)
Nyamuragira (DRCongo): active lava lake (updated 29 Nov 2014)
Nyiragongo (DRCongo): active lava lake in summit crater (updated 26 Feb 2014)
Ol Doinyo Lengai (Tanzania): effusion of natrocarbonatite lava inside the crater (updated 8 Jul 2013)
Poas (Costa Rica): phreatic explosions (updated 14 Oct 2014)
Popocatépetl (Central Mexico): degassing, sporadic explosions, slowly growing lava dome (updated 16 Feb 2015)
Rabaul (Tavurvur) (New Britain, Papua New Guinea): lava fountains, ash emissions from Tavurvur cone (updated 12 Sep 2014)
Raung (East Java): Large Strombolian explosions (updated 1 Mar 2015)
Reventador (Ecuador): active lava flow no southwestern flank, intermittent explosions (updated 12 Feb 2015)
Sakurajima (Kyushu, Japan): ash venting, intermittent explosions (updated 19 Feb 2015)
Sangay (Ecuador): likely strombolian eruptions at summit crater (updated 28 Jan 2015)
Sangeang Api (Indonesia): growing lava dome & lava flow (updated 7 Jul 2014)
Santiaguito (Guatemala): small explosions from the Caliente dome and active lava flow (updated 3 Feb 2015)
Semeru (East Java, Indonesia): growing lava dome, lava flow, strombolian activity (updated 26 Nov 2014)
Shiveluch (Kamchatka): growing lava dome (updated 20 Feb 2015)
Sinabung (Sumatra, Indonesia): continuing pyroclastic flows (updated 20 Feb 2015)
Soputan (North Sulawesi, Indonesia): active viscous lava flow, explosions, rockfalls, pyroclastic flows (updated 12 Feb 2015)
Suwanose-jima (Ryukyu Islands): strombolian activity (updated 16 Feb 2015)
Tungurahua (Ecuador): moderate to strong strombolian explosions from central crater (updated 25 Sep 2014)
Villarrica (Central Chile): strombolian activity in summit crater, small lava lake (updated 17 Feb 2015)
Yasur (Tanna Island, Vanuatu): ash emissions, weak strombolian explosions (updated 14 Aug 2013)
Zhupanovsky (Kamchatka, Russia): intermittent ash emissions (updated 16 Feb 2015)
Eruption warning / minor activity:
Augustine (Cook Inlet (SW Alaska))
Bagana (Bougainville Island, Papua New Guinea): ash emissions, lava dome growth (updated 21 Jan 2015)
Bezymianny (Central Kamchatka Depression): steaming, weak seismic activity (updated 3 Jul 2014)
Etna (Sicily, Italy): sporadic weak ash emissions from New SE crater (updated 19 Apr 2014)
Heard (Australia, Southern Indian Ocean): possibly lava lake in summit crater (updated 5 Dec 2014)
Kavachi (Solomon Islands): no eruption since 2007 (updated 16 Jun 2014)
Kerinci (Sumatra): seismic unrest (updated 5 Jun 2013)
Kirishima (Kyushu): degassing, alert lowered (updated 25 Oct 2014)
Krakatau (Sunda Strait, Indonesia): degassing (updated 31 Mar 2014)
Kuchinoerabu-jima (Ryukyu Islands): explosion on 3 Aug 2014 (updated 5 Dec 2014)
Lokon-Empung (North Sulawesi, Indonesia): small explosions, lava flow? (updated 13 Sep 2014)
Lopevi (Vanuatu ): eruption warning (updated 16 Dec 2014)
Manam (Papua New Guinea): steaming, incandescence at main crater (updated 5 Feb 2015)
Mayon (Luzon Island): steaming (updated 18 Dec 2014)
Monowai (Kermandec Islands, New Zealand): frequent submarine eruptions, last confirmed during Oct 2014 (updated 14 Nov 2014)
Nevado del Ruiz (Colombia): ash emissions (updated 16 Dec 2014)
Ontake-san (Honshu): steaming, low seismic activity (updated 18 Dec 2014)
Pacaya (Guatemala): ash emissions (updated 7 Feb 2015)
Papandayan (West Java): strong hydrothermal activity, increased seismicity (updated 6 May 2013)
Pavlof (Alaska Peninsula, USA): steaming, elevated seismic activity (updated 22 Dec 2014)
Piton de la Fournaise (La Réunion): new eruption on 4 Feb 2015 (updated 16 Feb 2015)
Rasshua (Central Kuriles)
Rincón de la Vieja (Costa Rica): phreatic explosions from crater lake (updated 21 Sep 2014)
Sacabaya (Northern Chile, Bolivia and Argentina)
San Cristobal (Nicaragua): possible ash emission on 11 April (updated 12 Apr 2014)
San Miguel (El Salvador): elevated seismic activity, pulsating gas emissions (updated 28 Jan 2015)
Shishaldin (United States, Aleutian Islands): mild explosive activity, intermittent more intense phases (updated 3 Feb 2015)
Slamet (Central Java): intense strombolian explosions (updated 12 Jan 2015)
Stromboli (Eolian Islands, Italy): weak strombolian activity at summit vents (updated 12 Feb 2015)
Turrialba (Costa Rica): occasional ash emissions (updated 9 Dec 2014)
Ulawun (New Britain, Papua New Guinea): degassing, ash venting (updated 5 Aug 2013)
GLOBAL ECONOMIC MELTDOWN: Ukraine On The Brink Of A Monumental Societal Collapse – Kiev Hike Rate To 30% To Avert Hyperinflation And Currency Plunge; Introduces Rationing As Hryvnia Causes Shopping Binge; Fourth Largest Lender Delta Bank Insolvent!
Ukraine hikes rate to 30%, to avert hyperinflation and currency plunge
|Ukrainian hryvnia banknotes (Reuters/Konstantin Chernichkin)|
The Central Bank of Ukraine is raising its benchmark interest rate to 30 percent from 19.5 percent, the biggest increase in 15 years. It reflects the bank’s attempt to save the collapsing economy from hyperinflation that some estimate at 272 percent.
The new refinancing rate becomes effective from Wednesday, Ukraine’s Central Bank said Tuesday.
This is the second rate increase this year, as the bank raised it in February to 19.5 percent from 14 percent.
The decision was taken because the bank saw the “threat of inflation had risen strongly due to negative consequences from currency market panic,” the Central Bank chief Valeriya Gontareva said in a media briefing.
The bank also kept in place the requirement for companies to sell about 75 percent of their foreign currency earnings, which is also hoped, will stabilize the hryvnia. Gontareva hopes it will return the currency to a level of 20-22 to the US dollar “quickly”.
|Hryvnia Rallies To 1-Month Highs After Ukraine Raises Benchmark Rate To 30%|
The domestic currency, the hryvnia, has lost about 70 percent since the start of the Maidan unrest a year ago. On Tuesday it was trading at 26 hryvnia to the Dollar, while a year ago a greenback bought 8 hryvnia.
This is pushing up inflation, with official numbers showing prices are rising by 28.5 percent in annual terms. However, separate research by Johns Hopkins professor Steve Hanke suggests the real inflation rate is 272 percent, the world’s highest, and well above Venezuela’s 127 percent rate.
Kiev introduces rationing, as falling hryvnia causes shopping binge
Ukrainian supermarkets have imposed rationing of basic products after the drastic fall in the value of the hryvnia. The currency has lost 70 percent of its value causing people to stockpile food and buy electronics as a hedge.
Restrictions apply for goods such as cooking oil, flour and sugar, Ukraine’s news agency UNN reports Wednesday. Retailers may sell no more than two bottles of sunflower oil, and two packs of buckwheat per customer and, depending on the store, from 3 to 5 kilograms of flour and sugar.
Bread, rice, potatoes, meat and milk are not yet rationed, but are not so plentiful on supermarket shelves.
Stores have also see higher demand for household appliances, as people consider consumer electronics an investment as prices increase on a daily basis, RIA reports. Inflation in Ukraine is expected to reach 27 percent by the end of 2015.
The rush to buy was triggered by the dramatic depreciation of Ukraine’s hryvnia which lost 70 percent of its value against other currencies in just a year. The conflict in Eastern Ukraine and international reserves only enough to last for two months, are among the key reasons for the hryvnia’s fall.
The devaluation accelerated after the National Bank of Ukraine (NBU) let the hryvnia free float in early February.
Ukraine is currently in a deep political crisis reflected in its economy and budget. The country is balancing on the brink of default. Prime Minister Arseny Yatsenyuk says Ukraine’s task for 2015 is “to survive” and that all people would face tough challenges no matter what their place in society. According to the NBU the country’s GDP plunged by 7.5 percent in 2014.
The minimum weekly wage in Ukraine is less than $43 (1,218 hryvnia) which is lower than in Bangladesh, Ghana and Zambia ($46.6)
The official exchange rate set by the National Bank for February 24 is 28.29 hryvnia to the dollar and 31.96 to the euro. Exchange offices sell the dollar at more than 40 hryvnia and the euro at about 50.
In an attempt to stop the currency’s free fall the National Bank of Ukraine stepped up its currency controls Wednesday, preventing banks from buying any foreign currency for clients this week and limiting what they could buy for themselves.
Prime Minister Arseny Yatsenyuk criticized the decision saying it doesn’t add stability to the Ukrainian economy.
“This morning I learned that the NBU on its own, without consultation, decided to close the interbank market that surely doesn’t add stability to hryvnia,” he said talking at Wednesday’s Cabinet meeting.
Meanwhile Ukrainian President Petro Poroshenko called for the head of the NBU Valeriya Gontareva to “stop messing with the exchange rate” and gave her a week to solve the issue, Ukrainian media reported Wednesday.
Ukraine’s fourth largest lender Delta Bank insolvent – central bank
|Photo from facebook.com/deltabank|
The fourth biggest bank in Ukraine, Delta Bank, has gone bankrupt after months of non-compliance, according to the National Bank of Ukraine. Two smaller banks in the Delta Banking group have also gone belly-up.
“The National Bank of Ukraine (NBU) adopted a resolution on the assignment of JSC Delta Bank to the category insolvent on March 2,” says the NBU website on Tuesday. The failure of Delta Bank owner’s to take timely, efficient and sufficient measures to restore the bank’s financial health and viability and bring its operations into compliance with Ukrainian laws was given as the main reason for the NBU’s decision.
“The principal shareholder and the management team of Delta Bank JSC have opted for a high-risk strategy of rapid growth through the acquisition of poor-quality assets,” the statement said.
Ukraine’s monetary authorities have appeared desperate and nervous in their attempts to try to save the country’s ailing economy.
On Tuesday, Ukraine’s Central Bank announced an increase of its benchmark rate to 30 percent from 19.5 percent as part of a package of measures aimed at saving the collapsing economy and stabilizing the country’s financial system. The move came after the bank’s decision last week to end currency controls to stop the currency free fall. The Ukrainian hryvnia has lost half of its value in the last two months. However, the decision was overturned in less than 24 hours after criticism from Prime Minister Yatsenyuk and President Petro Poroshenko’s of the country’s Central Bank head Valeriya Gontareva.
On Monday, while revising the country’s budget for 2015 and introducing austerity measures, the parliament adopted a law which imposes greater responsibility upon bank owners and management for a financial institutions’ performance. The move is aimed at enhancing the banking sector’s resilience and ensures the protection of depositors’ and creditors’ rights. “The process of purging the banking system aiming to wind up insolvent banks and address the problems that have piled up in the banking industry over the years is still under way,” Gontareva said while commenting on the decision to declare Delta Bank insolvent.
Kiev-based Kreditprombank and Omega Bank that form part of the Delta Banking group have been categorized insolvent along with Delta Bank. They have been experiencing deteriorating financials after involvement in risky activities, according to the NBU’s statement. In January, both were declared problem banks. On Monday the NBU declared them insolvent as they continued violating National Bank regulations, with their owners failing to take appropriate measures to provide the necessary financial support.
In September NBU issued $165 million worth of credit to Delta Bank to support liquidity, and after agreeing a bank capitalization program issued a stabilization credit of about $39 million secured by notes guaranteed by the government.
However, those measures have only temporarily stabilized the bank’s situation. Considering the poor quality of Delta Bank’s assets, the “regulator was compelled to approve the decision to declare the bank insolvent,” NBU stated.
Delta Bank was founded in 2006; it was ranked fourth among the 158 operating banks as of January 1, 2015, with total assets worth $247 billion.
INFRASTRUCTURE COLLAPSE: "Sudden Spike In Temperature,… Catastrophic Event,…" – United States Military Satellite Explodes Above The Earth, Sending Dozens Of Debris Tumbling Into Different Orbits Around The Earth!
Photo: Los Angeles Air Force Base
March 3, 2015 – SPACE – A US military satellite exploded after detecting an unexplained “sudden spike in temperature”, sending dozens of chunks of debris tumbling into different orbits around Earth.
Civilian company CelesTrak was first to notice the explosion of the once-secret weather satellite and the US Air Force subsequently confirmed that it had been lost.
The satellite was an ageing component of the Defense Meteorological Satellite Program which the US military began developing the in the 1960s to help plan reconnaissance and surveillance missions.
In 1972 the system was declassified, and data made available to civilian scientists.
The lost satellite was the 13th to be launched as part of DMSP, designated DMSP-F13, and had been in Earth orbit since 1995.
Air Force Space Command confirmed to SpaceNews.com that the “catastrophic event” came after “a sudden spike in temperature” was detected, followed by “an unrecoverable loss of attitude control”.
While operators were deciding how to “render the vehicle safe” they detected a debris cloud which indicated that the satellite had been destroyed.
|TLEs suggest event occurred on Feb 3 at ~1715 UTC|
The explosion has caused at least 43 pieces of debris to scatter into orbit, which are now being tracked by the US Air Force.
Air Force Col. John Giles, the Joint Space Operations Center’s director, told SpaceNews.com: “While the initial response is complete, JSpOC personnel will continue to assess this event to learn more about what happened and what it will mean for users within this orbit.”
There is speculation that the power system may have failed, causing the explosion.
Due to the age of DMSP-F13 it was no longer a critical part of the network, and the US government expects that its loss will cause only a “slight reduction” in real-time weather data.
|Event time appears closer to 1723 UTC. Debris plane does not align with planes of B, C, or E|
Like all DMSP satellites it orbited the earth at an altitude of around 500 miles in a “sun-synchronous orbit” – meaning that they flew in a path taking in the north and south poles.
On each path around the earth, which took roughly 101 minutes, they would see a slightly different part of the planet. This would give each satellite a complete view of the entire planet’s surface twice a day. – Telegraph.
GLOBAL VOLCANISM: Furious And Astonishing – Lava Pillar Rises Over 3,300 Feet Into The Air At Chile’s Villarica Volcano; Over 3,000 People Evacuated! [STUNNING PHOTOS + VIDEO]
|The Volcano Villarrica erupts (AFP/Getty)|
March 3, 2015 – CHILE – The Villarrica volcano in southern Chile erupted in the early hours of Tuesday morning, spewing ash and lava up to 1,000m (3,300ft) into the air.
More than 3,000 people have been evacuated from the volcano’s vicinity. The mayor of the nearby town of Pucon said residents had left “calmly”.
President Michelle Bachelet said she would travel to the area on Tuesday to assess the situation.
The 2840m-high Villarrica is an active volcano with a lava lake in its crater.
It is a popular destination for hikers. Hundreds climb the peak each summer to peer inside the crater.
According to Chile’s Ministry of Mining, its last major eruption was in 1985.
More than 100 people are thought to have died in mudflows on the slopes of the volcano during the 20th Century.
WATCH: Furious & Astonishing – Lava pillar rises thousands feet into air during Chile volcano eruption.
Chilean police said the towns of Pucon and Conaripe had been evacuated as a precaution.
Pucon Mayor Carlos Parra said that after 20 minutes, the volcano’s activity seemed to have calmed down again.
“There’s no ash, no lava flow, the volcano is totally passive at the moment,” he said. – BBC.