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India Just Staged The Biggest Strike In History As 200 Million Workers Took To The Streets
India Just Staged The Biggest Strike In History As 200 Million Workers Took To The Streets In what may be the largest worker strike in history, last week India came to a halt for two days when at least 200 million workers – about 16% of India’s 1.25 billion population – in the country’s public, […]
Turkey Dismisses Trump’s Threat To Devastate Economy Over Kurds
Turkey Dismisses Trump’s Threat To Devastate Economy Over Kurds Turkey has brushed off a Sunday threat by President Trump to “devastate” them economically if they attack the Kurdish militia (YPG) in northern Syria, which US forces have fought alongside against the Islamic State (IS). Turkey regards the YPG as terrorists. ✔ Starting the long overdue […]
China Imposes Death Penalty On Canadian Convicted Of Drug Smuggling
China Imposes Death Penalty On Canadian Convicted Of Drug Smuggling As was widely expected after a Chinese court ordered a retrial of Canadian national Robert Schellenberg on drug trafficking charges last month, the Canadian national has now been sentenced to death for allegedly smuggling “an enormous amount of drugs” into China. He had earlier been […]
A Massive Winter Storm Buries Parts Of The US, Kills Seven
A Massive Winter Storm Buries Parts Of The US, Kills Seven After what was a quiet but abnormally warm start to 2019, a severe winter storm has left seven people dead as it charged across the Midwestern US, striking the Mid-Atlantic coast on Sunday. By late Saturday night, the storm had shifted over the Virginia, Washington, D.C., and Baltimore region, where 4 to 7 […]
California’s Monarch Butterfly Population Collapses By 86% In One Year
California’s Monarch Butterfly Population Collapses By 86% In One Year In 1981 the Xerces Society, a non-profit environmental organization that focuses on the conservation of invertebrates, counted more than 1 million Western Monarchs wintering throughout California. The group’s most recent count, over Thanksgiving weekend, estimated 20,500 Western Monarchs in 2018, an 86% decline from the nearly 148,000 spotted the previous […]
China Using Twitter History To Arrest, Interrogate Dissidents
China Using Twitter History To Arrest, Interrogate Dissidents China’s notorious crackdown on internet activity has resulted in the arrest, imprisonment and interrogation of people posting over Twitter, according to the New York Times. A growing number of users who have been using the blocked platform through Virtual Private Networks (VPNs) have been swept up in a […]
German Business Blasts Trump’s NordStream 2 Sanctions As “Attack On EU Sovereignty”
German Business Blasts Trump’s NordStream 2 Sanctions As “Attack On EU Sovereignty” A German business group said on Friday that any attempts by the United States to stop Europe from buying Russian gas in the form of additional sanctions against Moscow would be an attack on European sovereignty, reports Reuters. “If the U.S. decided to sanction […]
Turkish Lira Tumbles As Tanks Amass Along Syrian Border
Turkish Lira Tumbles As Tanks Amass Along Syrian Border After an already painful start for the Turkish lira this year, shedding more than 3.5% of its value against the dollar during the first three days of 2019 when it flash crashed after Mrs Watanabe puked on the carry trade after Apple shockingly guided lower, and after […]
Bankrupt, Eh? Insolvency Filings Soar In Almost All Canadian Provinces
Bankrupt, Eh? Insolvency Filings Soar In Almost All Canadian Provinces The pronounced aftershock from what would historically be considered as very mild interest rate hikes in Canada is continuing. Bloomberg reported that the number of consumers seeking debt relief was up 5.1% to 11,320 in November, according to the Ottawa-based Office of the Superintendent of Bankruptcy. Combining October […]
We Are Entering The “Quantitative Failure” Narrative
We Are Entering The “Quantitative Failure” Narrative For a decade, the world brushed off any concerns about soaring global debt under the rug for a simple reason: between the Fed, the ECB and the BOJ, there was always a buyer of last resort, providing an implicit or, increasingly explicit backstop to bond prices, in the […]
Bank Of England Boss: China’s Renminbi Will Rival The Dollar As Global Reserve Currency
Bank Of England Boss: China’s Renminbi Will Rival The Dollar As Global Reserve Currency The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions […]
France Moves To Ban All Protests As PM Announces Major Crackdown On Yellow Vests
France Moves To Ban All Protests As PM Announces Major Crackdown On Yellow Vests France is signaling it’s making preparations for a massive new crackdown on the gilets jaunes or “yellow vests” anti-government protests that have gripped the country for seven weeks. A new law under consideration could make any demonstration illegal to begin with if not previously approved by […]
World Bank Urges ‘Leave Central Banks Alone’ As Global Economic Outlook Darkens
World Bank Urges ‘Leave Central Banks Alone’ As Global Economic Outlook Darkens If we were a cynical thinking group, we could be persuaded that the World Bank just wrote a politically-charged ‘mini-project-fear’ report aimed directly at President Trump. But that would be paranoid so we won’t consider that. However, see if you can spot their […]
Wikileaks Warns Reporters Not To Publish 140 “False And Defamatory” Statements About Julian Assange
Wikileaks Warns Reporters Not To Publish 140 “False And Defamatory” Statements About Julian Assange WikiLeaks is sick and tired of mainstream media outlets publishing inaccurate and at times defamatory claims about its founder, Julian Assange. So in a recent email to journalists who regularly cover the organization, Wikileaks described 140 “false and defamatory” claims about […]
How The Federal Reserve Quietly Bankrupted The US Pension System
How The Federal Reserve Quietly Bankrupted The US Pension System Actions have consequences. Even for the Fed. That’s not a reference to the market’s grumpy reaction to the central bank’s continued rate hikes and quantitative tightening. No. The impact of both on financial assets were as obvious as they were inexorable. To be sure, Wall […]
