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Posts Tagged ‘stock market’

Modern Society Threatened by Solar Storms

February 20, 2011 Comments off
Tuesday’s dramatic X-class solar flare triggered an Earth-bound CME, but the resulting solar storm wasn’t as powerful as expected.
NASA/SDO/AIA

 

The Earth just dodged a solar bullet. But it won’t be the last. Experts say a geomagnetic storm, sparked by a massive solar eruption similar to the one that flared toward the Earth on Tuesday, is bound to strike again, and the next one could wreak more havoc than the world has ever seen.

Modern society is increasingly vulnerable to space weather because of our dependence on satellite systems for synchronizing computers, navigational systems, telecommunications networks and other electronic devices.

A potent solar storm could disrupt these technologies, scorch satellites, crash stock markets and cause months-long power outages, experts said Saturday at the Read more…

German Bank Nears Purchase of NYSE

February 11, 2011 Comments off

Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world’s biggest exchange operator, accelerating a day of takeovers that began with London Stock Exchange Group Plc’s acquisition of Canada’s TMX Group Inc.

NYSE and Deutsche Boerse said they will produce 300 million euros ($410 million) in cost savings, according to a statement. Duncan Niederauer, New York-based NYSE Euronext’s chief executive officer, will hold the same job at the combined company. Frankfurt-based Reto Francioni, CEO of Deutsche Boerse, will be chairman. Deutsche Boerse will own about 59 percent to 60 percent of the joined corporation.

The combination, following a decade-long wave of mergers among exchange companies, would unite equity and derivatives platforms from the U.S. and Germany to France, the Netherlands and Portugal. Since 2000, there has been at least Read more…

Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years

February 5, 2011 Comments off

The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.

Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.

“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…