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US-Israeli Oil Drilling Begins In Golan Heights, Locals Protest

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Living in a border area disputed by two nations may be hard enough, but the Druze community in the Golan Heights are now facing another difficulty - that of oil exploration on their doorstep. An American company has started drilling wells there with Israel"s approval, but locals fear they won"t reap any benefits, as Paula Slier found out.

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What We Read Today 27 February 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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 more features, analysis, studies, and news published in the last week

The Song Remains The Same

by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

Eleven trillion dollars: that"s how much of so-called Quantitative Easing the world"s central banks have done since the 2008 crisis. To put that in perspective, with eleven trillion dollars you could pay off pretty much all U.S. household debt - all mortgages, all car and student loans, credit cards - you name it.

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Infographic Of The Day: Going To A Paperless Office

When they were told that the average office worker uses 833 pieces of paper each month (that’s 10,000 sheets of paper each year)! In terms of trees, every office worker goes through 7.45ft of tree every year!

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Video of the Day:

Living in a border area disputed by two nations may be hard enough, but the Druze community in the Golan Heights are now facing another difficulty - that of oil exploration on their doorstep. An American company has started drilling wells there with Israel's approval, but locals fear they won't reap any benefits, as Paula Slier found out.

video of day picture



 more investing, markets, precious metals & forex

The Big Bang (as in Bust) Theory of Markets



 more opinion

The Banking Protection Racket

Remember When Carmen Segarra Exposed the NY Fed"s Refusal to Stop Goldman Sachs and Banco Santander"s Scam to Inflate Santander"s Capital? How"d that Work Out?

by William K. Black, New Economic Perspectives

On September 30, 2014 I wrote an article to explain the true significance (and horrific analysis by the NY Fed and much of the media) of Carmen Segarra"s key disclosure. My title was "A "Perfectly Legal" Scam is Perfectly Unacceptable to Real Bank Supervisors." Segarra was the NY Fed examiner who was fired for her criticisms of Goldman Sachs.

Click for larger image at Twitter.
carmen.segarra.380x180

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 USA economy at a glance (boxed items are updates in last 7 days)

Second Estimate 4Q2014 GDP Revised Down to 2.2%

Written by Doug Short and Steven Hansen

The second estimate of fourth quarter 2014 Real Gross Domestic Product (GDP) is now a positive 2.2%. This data point was +2.6% in the advance GDP estimate. The downward revision to the percent change in real GDP primarily reflected downward revision to private inventory investment.

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