U.S. drone operators are inflicting heavy civilian casualties and have developed an institutional culture callous to the death of children and other innocents, four former operators said at a press briefing today in New York. “We have seen the abuse firsthand... and we are horrified.”
“Unknown air traffic position onto Humeymim 020, redirect to 26 miles. This is Turkish Air Force speaking - en guard. You are approaching Turkish airspace. Change your heading south immediately."
So if Draghi pulls a "Draghi" on December 3, and stuns the market by admitting he merely jawboned the ECB's "assured" easing to death, with the EUR now pricing in both a 15 bps rate cut and more QE, and thus making any actual by the ECB meaningless (and why should the ECB actually launch a bazooka round when jawboning is enough) you have been warned.
What do you do when all of the low hanging fruit is gone? That question is one that oil producers are increasingly facing as they confront an oil price slump that is now more than a year old and shows no serious signs of abating.
When it comes to NATO and the West you can always find a contradiction or two (or five) when it comes to foreign policy rhetoric which is why we weren’t at all surprised (although we were amused) with what we found when we decided to take a look back at what Erdogan said in 2012 after Assad’s air force shot down a Turkish F-4 phantom jet when it crossed into Syrian airspace.
A modest production cut this morning may - or may not - be 'correlated' with the fact that once again the oil rig count declined 9 to 555 rigs, tracking oil's slide. This is the 12th weekly drop in the last 13 weeks to the lowest since June 2010.
"The future of the company seems very black," notes on trader as the bonds and stocks of Spanish renewbles form Abengoa lives up to its name and files for creditor protection, just as we warned was likely. With the stock crashing 70% to 28c and 4-month bonds trading at just 22c on the dollar, market participants face an almost total loss.. but, as we detailed previously, it is the American taxpayer - who thanks to Ex-Im Bank loans to keep this zombie alive - face losses of $230 million as Spain's Solyndra exposes another symptom of the Oligrachic ignorance of where the money comes from.
President Obama Explains Why Americans Should Keep Calm & Spend Amid Global Terror Alert - Live FeedSubmitted by Tyler Durden on 11/25/2015 - 11:49
With Americans facing a day of travel and giving thanks tomorrow, President Obama is set to make a statement we presume urging everyone to get out and spend... but be more alert to bad guys...
The 2 Year auction was strong, the 5 Year auction yesterday was mixed, but one word can best describe demand for today's issuance for "curve belly" 7 Year paper: blistering.
The S&P 500 is up 0.44% in the last three days, a solid return for the buy-and-hold'ers thinking about long-term appreciation. However, under the covers of that move is, just as we predicted, a massive and accelerating short-squeeze is underway, dragging the "Most Shorted" stocks up 4.65% since Friday's open as investors bet increasingly on central-bank-inspired expectations that hedge fund blow ups will force domino-like, sequential short squeezes.
America: Land of the free and future home of censorship? A new study by Pew Research shows that American Millennials are far more likely to support the government banning offensive speech about minority groups than other generations.
"There were no warnings. Not via the radio, not visually. There was no contact whatsoever. That's why we were keeping our combat course as usual. You have to understand what the cruising speed of a bomber is compared to an F-16. If they wanted to warn us, they could have shown themselves by heading on a parallel course. But there was nothing. And the rocket hit our tail completely unexpectedly. We didn't even see it in time to take evasive maneuvres."
"This (bus bombing) is an evolution in the behavior of the terrorists, this time they attacked a symbol of the state and in the heart of the capital."