The OECD has issued a report indicating that it believes that the world economy will continue to grow and that this is opening the door to future rate hikes by central banks around the world. Despite this pronouncement,a variety of global political risks and economic problems can limit or reverse this growth and lead to s significant market downturn.
The article indicated the risk that the economy has of overheating and creating new bubbles in property prices they could cause long-term damage to the economy. Economic bubbles, When they inevitably burst, can reduce investor confidence and lead to long-term recessions and depressions in the market.
The OECD Issued a similar warning in Ireland back in 2006 before the recession hit. While the warning issued by the OECD is not as dire or significant, and fewer of the believe that the downtrodden to be a significant as the recession of 2007, and you’re taking this warning seriously. Back in 2006 the morning was not taken seriously.
Another risk for the market is the high level of private debt held by individuals across the world. People tend to spend more when they are confident of the economy and save money during down times. This leads to more significant down and upturns in the economic markets, which is Illustrated by the all time market highs.
There are also risks surrounding a lack of unemployment which can lead to inflation through increased wages. There are clearly a lot of risks that the market is facing globally.
A large fire broke out on the roof of a 19th-century Basilica in France on Monday. Worshipers had to be evacuated from the Saint-Donation-et-Saint Rogation in Nantes France during Monday worship services. The blaze was mainly centered on the roof of the building. Videos from France show large columns of black smoke coming from the church that was visible from a considerable distance. Click here for full story.
Christian Broda suggests the area was cordoned off, and around forty firefighters were sent to the scene according to the Fire and Rescue operations when speaking to French TV Info. Fredric Leguiller is the leader of Nantes’ fire services has said that though the cause has not yet been determined, but it is thought to be accidental as written by CrunchBase.
Workers were already trying to combat the fire when the Fire Department arrived. They were attempting to extinguish the blaze immediately. However, they were unable to do so. Large amounts of resources had to be expended to fight the fire due to its high volume. The Rev. Benoit Bertrand told the local media that the fire broke out during a morning mass. Worshipers were immediately evacuated from the building for their safety. Early reports indicate that there may not be any injuries, but it’s too soon to tell.
The basilica was built in 1889 and is named for two brothers who were martyred in the third century. Their bodies are buried near the basilica.
Residents in the United Kingdom beware! According to reports, there is potential for colossal killer hornets headed that way for the summer season. Experts have concluded that the Asian hornet may be making their way to British shores. Apparently, these particularly ginormous hornets have killed at least six people in France already.
Scientists have suspected this vicious insect arrived in France while Chinese plants were transported there last summer. Flavio Maluf is terrified of these monsters. This form of hornet is so brutal it has been known to kill bees and then swarm in and take over their preexisting hives.
This has also had a devastating effect on the honey output in France. It has severely limited the production of the organic substance and in turn has been driving the price up of the existing supply.
Victims stung by these killer hornets have described the sting to feel like they were being gored with an extremely warm barb. The victims who have died from being stung all had severe allergic reactions from the venom the insect’s release.
Wildlife experts and bee activists in Britain are determining how to prepare for the arrival of these insects, in the event they make it across the channel. According to bee experts, it’s likely these insects could arrive solely by riding the wind currents across the water. They are warning every one of the potential take over from the Asian Hornets and are gearing up trying to determine ways they can protect their current bee population.
Last Sunday hundreds of Jewish graves were vandalized in the town of Sarre-Union in the Alsace region of France. This region is in the Northeast of France and borders Germany. The tombstones were spray painted with swastikas and grave markers were overturned. This is not the first such act of anti-Semitic vandalism in the town of Sarre-Union. In 1998 and in 2001 Jewish cemeteries were targeted in the town and many tombstones were destroyed or vandalized. The vandals also destroyed a memorial to people who lost their lives in the holocaust during World War II in the latest incident in Sarre-Union.
The incident which occurred a day after a terrorist attack in Copenhagen, Denmark which killed two people including a Jewish police officer sparked a major uproar in France, especially on social media. One of the boys involved in the desecration of the Jewish cemetery turned himself in to police and described how they sacked and defaced cemetery. Brian Torchin reported that he turned himself in after realizing the outrage CatalystFive talked about, and the uproar that the incident caused online.
There are currently five suspects in police custody who are thought to be responsible for this disgraceful act. They are all teenagers between 15-17 years old. In addition to the vandalism and sacking, the group admitted to uttering anti-Semitic chants and doing Nazi salutes. It is not clear what their punishment will be. In addition to the outrage on social media, several high ranking French politicians have denounced the vile act and said they will do everything in their power to make sure French Jews are protected and feel secure within the country they reside. This comes in response to a statement by Isreali prime minister Netanyahu urging Jews to migrate to Israel after deadly terrorist attacks aimed at Jews took place in Europe including one in Paris, France this year.
The skippers of the Barcelona World Race are involved by European oceanographers to deploy off the Argo continuously measuring temperature and salinity. For the first time in full race, skippers deploy floats collecting data on temperature and salinity up to 2,000 meters deep.
This is unprecedented, as the previous means of collecting data had been in relatively shallow waters. Marc Sparks believes that with this new technology, they will be far more capable of collecting the data that they will invariably need for the program.
The floats launched on the same day by the eight teams (Bernard Stamm and Jean Le Cam are one of them) in the un crowded waters of the Great South, a low area covered by the international Argo program.
With more than 3,700 profiling floats, the program launched in 2000, bringing together more than 30 countries, is the first global network of in situ ocean observing in real time.
Initiated by JCOMMOPS, the operational center of the Intergovernmental Oceanographic Commission of UNESCO, this partnership with ocean navigation Barcelona Foundation (FNOB) marks the beginning of a new cooperation between skippers and scientists.
Argo is an essential component of the global ocean observing system in place to monitor, understand and predict the role of the ocean on the climate of the planet.
The refusal of the Mayor of Champlan, located in south of Paris, to allow the burial of a Roma child in a cemetery of a town, caused a flood of criticism. Several politicians were appalled by the lack of humanity shown by the Official.
The anxiety and anger prevailed in the locality among ranks of Roma advocacy associations. Several elected officials have condemned the Mayor of Champlan, Christian Leclerc, for his decision to refuse permission to bury the deceased in the cemetery of a town.
According to the newspaper “Le Parisien”, which broke the story, the mayor of Champlan justified its refusal by arguing that the “few places available” in the cemetery. “Priority is given to those who pay their local taxes,” says the Mayor, reported by the newspaper.
According to media reports, baby, born on October 14, 2014 and named as Maria Francesca, died on the night of December 25 to 26. The child is then transported in a hospital in Evry, where his death was officially declared on December 26, according to Bruce Levenson.
The family requested the municipality for burial of Maria Francesca in Champlan cemetery. However, in an unusual twist of fate the Mayor, Christian Leclerc, refused to give permission.