For the first time since the Cold War the German government is advising citizens to stockpile food and water for use in a national emergency.
Some opposition MPs said the new civil defence concept, to go before ministers on Wednesday, was scaremongering.
Citizens are advised to store enough food to last them 10 days, because initially a disaster might put national emergency services beyond reach.
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Time For Truth: (10 News) – Germans told to stockpile food and water for civil defence
For the first time since the end of the Cold War, the German government plans to tell citizens to stockpile food and water in case of an attack or catastrophe, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.
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Time For Truth: (Reuters) – Germany to tell people to stockpile food and water in case of attacks: FAS
Cash levels are rising, the latest sign that investors aren’t wildly enthusiastic about stocks after a rally since mid-February.
Average cash balances rose to 5.4% from 5.1% in March, just below the 15-year high of 5.6% hit in February, according to Bank of America Merrill Lynch’s fund-manager survey for April. While a cash balance rising above 4.5% is typically a contrarian signal to buy stocks, the bank’s strategists note that it is only “superficially bullish” this time around. The combination of elevated cash levels and high valuations likely mean stocks and other risk assets will remain in a trading range, the analysts add.
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Time For Truth: (Wall Street Journal) – Investors Stockpile Cash, In Latest Hint that All’s Not Well for Stocks
Tebie Gonzalez and Ramiro Ramirez still have their sleek apartment, a fridge covered with souvenir magnets from vacations abroad, and closets full of name brand clothes. But they feel hunger drawing near.
So when the Venezuelan government opened the long-closed border with Colombia this weekend, the couple decided to drain what remained of the savings they put away before the country spun into economic crisis and stock up on food. They left their two young sons with relatives and joined more than 100,000 other Venezuelans trudging across what Colombian officials are calling a “humanitarian corridor” to buy as many basic goods as possible.
Illinois farmer David Erickson admits that what he and many U.S. farmers are about to do doesn’t seem to make much sense. With bulging stockpiles of corn and soybeans left over from last year’s harvest, they’re planting more in 2016 — even though the crops probably won’t be profitable.