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S&P Downgrades Venezuela To “Selective Default” After Bondholder Meeting Devolves Into Total Chaos
S&P Downgrades Venezuela To “Selective Default” After Bondholder Meeting Devolves Into Total Chaos Creditors had little expectations from today’s ad hoc meeting with “soon-to-default” Venezuela, and with good reason: not only was the meeting attended by several sanctioned Venezuelan officials, potentially jeopardizing the legal status of any bondholders who voluntarily appeared at the Caracas meeting […]
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018 True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of a key meeting of the […]
Arab League To Hold Urgent Meeting On Iran As Saudis Reportedly Mobilize Fighter Jets
Arab League To Hold Urgent Meeting On Iran As Saudis Reportedly Mobilize Fighter Jets The Arab League is set to hold an emergency meeting on Iran at Saudi Arabia’s request, this according to Reuters and various regional sources, at a moment when Saudi fighter jets may be mobilizing for war in an attempted show of […]
Israel Shoots Down Syrian Recon Drone Over Golan Heights
Israel Shoots Down Syrian Recon Drone Over Golan Heights Early this morning, Reuters reported that Israel has intercepted and downed a Syrian reconnaissance drone approaching its northern border over Golan Heights. The drone was shot down by the US-MIM-104 Patriot surface-to-air missile (SAM) system… Over the Golan demilitarized zone that has separated Israeli and Syrian […]
Geopolitical Tsunami: Pax Americana, Petrodollar, & The Coming Crisis In The Gulf
Geopolitical Tsunami: Pax Americana, Petrodollar, & The Coming Crisis In The Gulf It’s easy to get lost in all things Middle East, especially concerning the chaotic events that unfolded over the weekend in Lebanon and Saudi Arabia. Three days after the most stunning purge in recent Saudi history – which was really a countercoup, that […]
How Facebook and Google threaten public health – and democracy
How Facebook and Google threaten public health – and democracy The sad truth is that Facebook and Google have behaved irresponsibly in the pursuit of massive profits. And this has come at a cost to our health ‘Substance cannot compete with sensation, which must be amplified constantly, lest consumers get distracted and move on.’ Photograph: Anadolu […]
“This Is A Dangerous Iranian Escalation”: Bahrain Blames Pipeline Explosion On Iran, Terrorists
“This Is A Dangerous Iranian Escalation”: Bahrain Blames Pipeline Explosion On Iran, Terrorists There was something odd about Friday’s night’s explosion of an oil pipeline belonging to Bahrain’s state-run oil company BAPCO, which local authorities initially said was the result of an accident: as we said, the giant fireball had all the hallmarks of either […]
Spanish Government Blames Russian “Dezinformatsiya” Campaign For Catalan Uprising
Spanish Government Blames Russian “Dezinformatsiya” Campaign For Catalan Uprising No, not The Onion… In what is perhaps the least surprising tactic from the Spanish establishment, a government-backed research institute in Madrid has stated that Spain’s struggle to quash separatism in its Catalonia region was disrupted by Russian hackers agitating for a break-up, in a hallmark […]
Northeast Facing Record-Low Temperatures As Polar Vortex Returns
Northeast Facing Record-Low Temperatures As Polar Vortex Returns The return of the dreaded polar vortex is battering much of the eastern US this week, sending temperatures well into freezing territory and close to record lows – a phenomenon that could persist for much of the week leading up to Thanksgiving. According to the New York […]
“This Is Crazy” – Antarctic Supervolcano Is Melting The Ice-Caps From Within
“This Is Crazy” – Antarctic Supervolcano Is Melting The Ice-Caps From Within As we’ve pointed out, the supervolcano phenomenon is hardly unique to Yellowstone National Park, where a long dormant volcano with the potential to cause a devastating eruption has been rumbling since mid-summer, making some scientists uneasy. Surprisingly active supervolcanos have been documented in […]
Monsanto In Court Again As Powerful New Herbicide Accidently Kills 3.6 Million Acres Of Crops
Monsanto In Court Again As Powerful New Herbicide Accidently Kills 3.6 Million Acres Of Crops Monsanto thought they had developed an amazing scheme to corner the Midwest farming market when they developed new genetically engineered seeds that were resistant to their new herbicide called dicamba. The resistance of Monsanto’s new magical seed crops to dicamba […]
Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze
Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was […]
DOJ To Russia Today: Register As A Foreign Agent Or Face Arrest
DOJ To Russia Today: Register As A Foreign Agent Or Face Arrest Congress is using a decades-old piece of legislation to force Russia Today to register as a foreign agent in the US, adding that if the site doesn’t comply with the order by Monday, the DOJ could move to shutter its operations and arrest […]
Venezuela Just 24 Hours Away From Formal Declaration Of Default
Venezuela Just 24 Hours Away From Formal Declaration Of Default Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never […]
