Biggest coal company in the United States misses loan payment – may file bankruptcy


Burn, baby, burn – not much longer — Click to enlarge

The largest American coal miner, Peabody Energy, is delaying an interest payment due this week and warned that it may have to file for Chapter 11 bankruptcy protection.

Shares of Peabody Energy Corp. plummeted more than 40 percent before the market opened Wednesday. Its shares have already lost half their value in the last three months.

A slowing global economy and toughening environmental standards have slammed the coal industry, which is already beset by bankruptcies, shuttered mines and layoffs. Many electric power companies have shifted to using natural gas, which costs less than coal and produces less pollution…

And there’s an increasing number of regions smart enough to move towards the future by developing wind power and solar power.

St. Louis-based Peabody said it didn’t pay more than $70 million in interest payments that were due Tuesday. If the company doesn’t make the payment in 30 days, it would default and its said there’s “substantial doubt” it would be able to go on.

More of these dinosaurs need to join the bankruptcy parade. Not just for financial reasons – though they’ve been hustling consumers for years with political pimps at their side. They are representative of bankrupt technology, 19th Century practices and methods. Time to go.

Danes top the world happiness report, again

smiles and peace

Denmark, perhaps better known for its fictional, suicide-agonizing prince Hamlet and fierce marauding Vikings than being a nation of the happiest people, has just won that very accolade. Again.

Even U.S. Democratic presidential candidates Hillary Clinton and Bernie Sanders have singled out the small Scandinavian country as an example of a happy, well-oiled society. On Wednesday, the United Nations made it official: It found Danes to be the happiest people on Earth in a study of 156 countries…

The Scandinavian nation of 5.6 million has held the happy title twice before since the world body started measuring happiness around the world in 2012. The accolade is based on a variety of factors: People’s health and access to medical care, family relations, job security and social factors, including political freedom and degree of government corruption.

Egalitarian Denmark, where women hold 43 percent of the top jobs in the public sector, is known for its extensive and generous cradle-to-grave welfare.

Few complain about the high taxes as in return they benefit from a health care system where everybody has free access to a general practitioner and hospitals. Taxes also pay for schools and universities, and students are given monthly grants for up to seven years…

Jeffrey Sachs from Columbia University, one of those behind the report, says that happiness and well-being should be on every nation’s agenda.

“Human well-being should be nurtured through a holistic approach that combines economic, social and environmental objectives,” he said in a statement before the World Happiness Report 2016 was to be officially presented in Rome on Wednesday…

After Denmark, the next happiest nations last year were Switzerland, Iceland and Norway, followed by Finland, Canada, the Netherlands, New Zealand, Australia and Sweden.

The United States was 13th place, two spots higher than the previous year.

We’re Number 13, We’re number 13! Can’t you hear a crowd of Trump supporters chanting that?

BTW, a previous survey popular for gauging a happy nation in the European Union was the “Eurobarometer”. Denmark topped that list every year since its inception — in 1973.

Till death — a self portrait

till death

Body paint artist Dewayne Flowers was inspired by body paint artist Lana Chromium, to have his own body painted after twenty years of painting other people. They painted each other for this lovely blacklight picture.

This was a spontaneous UV blacklight piece. We spent a couple of hours painting each other “anatomically enough” to pull off the effect. I adjusted colors a bit to remove some of the blacklight blue and bumped the contrast to blacken out what skin was visible for the illusion. Her hair was glowing as well, so that helped.

This was a pretty big deal for me. I have been a bodypainter for 20 years, grossly overweight until I was in my 30’s and until now, was terrified at the notion of being the subject of my own art. Until her…

The leg and arms crossing isn’t a hard effect, especially in black light and you plan your pose. Very minor Post production.

Thanks, Ursarodinia