1. Netanyahu heads the only undeclared nuclear weapons entity on the planet yet still ludicrously alleges that non nuclear Iran is trying to exterminate the state of Israel with its 100s of warheads in its Dimona secret arsenal, (all of which are outside the inspection of the IAEA), in an abortive effort to damage the agreed Iran peace deal, painstakingly negotiated by the UN Security Council members and the EU. His convoluted political machinations, in Washington and Europe, have resulted in ignominious failure as Iran rejoins the international community.
2. His government also refuses to be a party to both the Chemical and Biological Weapons Conventions (CWC / BWC) to which all EU members and most other UN states are signatories
3. His rightwing, extremist government supports the continued illegal occupation and settlement of the Palestinian West Bank, East Jerusalem and the Golan Heights in violation of international law, in addition to continuing a blockade of essential materials to 1.8 million in Gaza that has received global condemnation. Continue reading »
10/02/2016 –Austria – Asylum seekers jump the hospital queue
Last week large numbers of people turned up at Austrian hospitals because of a flu epidemic, but had to wait to see doctors whilst asylum seekers were seen to get priority treatment. Now health officials have admitted they were ordered not to make asylum seekers wait but to give them fast track treatment.
The reason given is that part of the asylum process sees migrants receiving a health check for which expensive translators are needed to aid communication with doctors, and Austrian officials do not want to pay translators to sit in waiting rooms.
10/02/2016 –VIENNA, Austria – Extra measures to secure southern border
Austria’s government is set to announce ten new ‘border management systems’ to secure its southern border crossings in Tyrol and Carinthia, a place where migrants faced with stricter controls at the border with Slovenia are likely to cross.
The measures will include fences, barriers and increased patrols by police and soldiers. There will also be army patrols on Austria’s border with Hungary, the main crossing point for migrants last summer.
And yes, the Fed is above the law …
Update: DJIA FUTURES AT DAY’S LOW, FALL 361PTS; S&P -38, NASDAQ -91
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For nearly one year, Wisconsin Rep. Sean Duffy has been Janet Yellen’s nemesis over the ongoing probe into Fed leakage of material inside information via Medley Global and any other undisclosed channels, one which has seen subpoeans be lobbed at the Fed which has been doing everything in its power to stall said probe, and which cost Pedro da Costa his job when he dared to ask questions at a Fed presser that were not precleared by his WSJ “Fed mouthpiece” peers.
Today, during Yellen’s appearance before the House Financial Services committee, Duffy finally had enough, and in a heated exchange asked Yellen what on legal authority is the Fed exerting privilege to ignore a Congressional probe into what is clearly a criminal leak, one which has nothing to do with monetary policy and everything to do with the Fed providing material, market moving information to its favorite media and financial outlets.
The exchange highlights are below: Continue reading »
H/t reader squodgy:
“This is interesting. Yahoo finance graphs of the World’s Stockmarket, recently decided to not show how Italy was doing.
Nobody bothered to check. But I heard the Southern end of Italy will not take Euros anymore, but only hard currency and GBP!!!!!
This is why….”
Italy Stock Market (FTSE MIB) 1997-2016
Italy FTSE MIB Index decreased 727.9 points or 4.36% to 15949.15 on Thursday February 11 from 16677 in the previous trading session. Looking back, Italy FTSE MIB Index lost 4617 points or 22.45 percent during the last 12 months from 20,565.80 points in February of 2015. Historically, the Italy Stock Market (FTSE MIB) reached an all time high of 50108.56 in March of 2000 and a record low of 12362.50 in July of 2012.
H/t reader squodgy:
“Seems Monsatan has been part of John Perkins’ Hitmen Group for decades…
– Monsanto and the Mustard Seed By Vandana Shiva
(Article in full down below.)
And they’re still at it, destroying economies, cultures, health…who needs war when Monsatan’s about?
In 2013, India’s former Agriculture Minister Sharad Pawar accused US companies of derailing the nation’s oilseeds production programme. Similar claims had been made before. For instance, we could revisit the 1998 mustard oil tragedy. At the time, Rajasthan Oil Industries Association claimed that a “conspiracy” was being hatched to undermine the mustard oil trade and charged that the “invisible hands of the multinationals” were involved (see the article ‘Monsanto and the Mustard Seed’).
India was almost self-sufficient in edible oils by the mid-1990s. Its farmers met 97% of domestic need. However, its edible oil import bill has increased dramatically since then. By 2013, India was the world’s second biggest importer of edible oils. Food and trade policy analyst Devinder Sharma notes that between 2006-07 and 2011-12 alone edible oil imports rose by 380%. Continue reading »
H/t reader squodgy:
“Las Vegas now cleans its waste water & efflent for re-cycling back into Lake Mead to get more allowances to meet growing demand for fresh water.
London UK has been doing that for decades. They used to say “every glass of water you drink has passed through ten people……hmmm.
Nevertheless, Las Vegas will run out of water in 2021, five years on.
I wonder if the slimeball who owns the casinos has better contingency plans?”
Will the threat of water shortages be enough to convince Vegas to stop gambling on overdevelopment?
When writing about how Las Vegas is taking a huge risk with its water supply, it’s impossible to avoid clichéd gambling metaphors. So I’m going to get them all out of my system right now.
Here goes: They’re doubling down when they should be holding. They’re putting all their chips on aqua and praying that their luck holds. They’ve had way too much to drink, and it’s clouding their ability to calculate the odds and make smart bets.
JPM estimates that if the ECB just focused on reserves equivalent to 2% of gross domestic product it could slice the rate it charges on bank deposits to minus 4.5%. In Japan, JPM calculates that the BOJ could go as low as -3.45% while Sweden’s is likely -3.27%. Finally, if and when the Fed joins the monetary twilight race, it could cut to -1.3% and the Bank of England to -2.69%.
With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient condition to a regime of global NIRP.
And while in recent days we have seen op-eds by both Bloomberg and FT urging the banning of cash, the most disturbing development we have seen yet in the push for a cashless society has come from the following slide in a Morgan Stanley presentation, one in which the bank’s head of EMEA equity research Huw van Steenis, pointed out the following… Continue reading »
With its markedly ironic title, The Ministry of Truth in George Orwell’s dystopian novel, 1984, is one of the most important agencies of the government. For, as enotes.com writes, an uninformed or misinformed populace can be confused, deceived, and directed easily by controlling powers. Keeping the people confused about who is at war with whom and what is the reality of things causes them to become involved in nothing and, therefore, no threat to the power structure.
With that background in mind, Twitter today unveiled its “Trust & Safety Council.” Continue reading »
Tomorrow, John Kerry will meet Sergei Lavrov and several of his other counterparts from Europe and the Mid-East in Munich in a last ditch effort to revive Syrian peace talks, which fell apart amid an intense Russian air assault on rebel positions in Aleppo.
For all intents and purposes, the rebels are surrounded. Initially, it appeared that the “moderate” opposition might be able to persist and bog down the Russians and the Iranians with the help of supplies from the US, Turkey, and Saudi Arabia. Those hopes faded over the past two weeks when Hezbollah advanced on Aleppo and ultimately encircled the city, cutting the rebels off from key supply lines and triggering a mass civilian exodus. Continue reading »
MUCH WORSE than 2008!
Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company.
To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line – the company’s golden goose and the world’s largest container operator – racked up $182 million in red ink last quarter and the outlook for 2016 isn’t pretty either. The company now sees demand for seaborne container transportation rising a meager 1-3% for the year. Continue reading »
Wait until the the real war is starting.
Rumors of ECB monetization (which would be highly problematic in the new “bail-in” world) and old news of the emergency debt-buyback plan have sparked an epic ramp in Deutsche Bank’s stock this morning (+11% – the most since Oct 2011). This extreme volatility is, however, eerily reminiscent of 2007/8 when headline hockey sparked pumps and dumps on a daily basis in Lehman stock… until it was all over.
“Deutsche Bank is fixed”?
Or is it?
Things are already fading…
We suspect every bounce will be met by opportunistic selling as an inverted CDS curve has seldom if ever reverted back to life.
Two months ago the Australian media, which unlike its US counterpart refuses to be spoon fed ebullient economic propaganda, called bullshit on the spectacular October job numbers, when instead of adding 15,000 jobs as consensus expected, Australia’s Bureau of Statistics reported that a whopping 58,600 jobs had been added. We covered this in “Australian Media Throws Up All Over ‘Stellar’ Jobs Report: “Don’t Believe The Jobs Figures!”
One month later, the situation got even more ridiculous, when instead of the expected 10,000 drop in November, the “statistical” bureau announced that 71,400 jobs had been added, the most in 15 years, and the equivalent of 1 million jobs added in the US. Once again the local media cried foul as we documented in “Australian Media Throws Up All Over ‘Stellar’ Jobs Report, Again” Continue reading »
More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.
And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely tanking.
So a rumor made Deutsche Bank rise as much as 15% in the early hours, closing at +10,20%.
While algos patiently await the only thing that matters for US stocks today which is Janet Yellen’s testimony before Congress. expected to be released at 8:30 am (and previewed here), the rest of the world this morning is a hot mess of schizophrenic highs and lows.
Now that the Syrian army, with help from Russia, is taking back Syria, “Syrian refugees” are fleeing to Europe?
– Turkey fears new influx of up to 600,000 Syrian refugees (The Times of Israel):
Ankara says current objective is to keep wave of people on other side of its borders, provide needed aid there
NKARA, Turkey — The Turkish government fears that fierce fighting in Syria’s Aleppo province will spark the arrival of up to 600,000 refugees at its border in a “worst case scenario”, Deputy Prime Minister Numan Kurtulmus said Monday.
“The worst-case scenario that could happen in this region in the short term would be a new influx of 600,000 refugees at the Turkish frontier,” Kurtulmus told journalists following a cabinet meeting.The clashes in the north of Aleppo province — sparked by a week-long government assault with Russian air support — have displaced tens of thousands of people.
The debate on genetically modified (GM) brinjal variety continues to generate heat. Former managing director of Monsanto India, Tiruvadi Jagadisan, is the latest to join the critics of Bt brinjal, perhaps the first industry insider to do so.
Jagadisan, who worked with Monsanto for nearly two decades, including eight years as the managing director of India operations, spoke against the new variety during the public consultation held in Bangalore on Saturday. Continue reading »
The President of the Portuguese Medical Association, José Manuel Silva, has called for a Global ban on the World’s most used herbicide, Glyphosate, over the many health concerns surrounding the chemical.
Editorial by José Manuel Silva, President, Portuguese Medical Association. Published first in Portuguese in the July/August 2015 issue of the Portuguese Medical Association Magazine.
The New Statutory Rights of the Portuguese Medical Association and Glyphosate Continue reading »
Monsanto Co will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday.
The Securities and Exchange Commission also said that three accounting and sales executives have also agreed to settle charges in connection with the case. Continue reading »
The EU Commission should not authorize the use of glyphosate-tolerant GM soybeans in food and feed, said the European Parliament on Wednesday.
MEPs noted that glyphosate, a herbicide, classified as “probably carcinogenic” by the World Health Organisation (WHO), and that GMOs are being authorized in the EU without the support of member states. Continue reading »
On Friday it was revealed that the global GMO promoters Cornell Alliance for Science, funded by the Bill and Melinda Gates Foundation, are giving Hillary Clinton as an example of one of the ‘powerful people‘ who supports GMOs and the Biotech industry worldwide.
Hillary Clinton, who is currently in a race with anti-GMO Senator Bernie Sanders to become the Democratic Party’s Presidential candidate, is coming under increasing pressure following a series of revelations regarding her ties to Monsanto and the Biotech Industry. Continue reading »
Washington State University researchers have concluded that feeding a growing global population with sustainability goals in mind is possible. Their review of hundreds of published studies provides evidence that organic farming can produce sufficient yields, be profitable for farmers, protect and improve the environment and be safer for farm workers.
The review study, “Organic Agriculture in the 21st Century,” is featured as the cover story for the February issue of the journal Nature Plants and was authored by John Reganold, WSU regents professor of soil science and agroecology, and doctoral candidate Jonathan Wachter. Continue reading »
The Health and Environment Alliance (HEAL) is calling on Europe’s most influential cancer societies to urge governments to put an immediate ban on glyphosate, a chemical used as a herbicide.
In a letter sent on World Cancer Day (4 February) from HEAL’s President, Dr Peter van den Hazel, he reminds leading national cancer groups that a ban on glyphosate represents a significant opportunity in cancer prevention.
Glyphosate was classified as a “probable carcinogen” on the basis of currently available data by the World Health’s Organization’s (WHO) International Agency for Research on Cancer (IARC) in March 2015. Continue reading »
Full article and more photos here: