The Egyptian military said it has found EgyptAir Flight MS804 debris 290 km north of the Mediterranean coastal city of Alexandria. Egyptian army spokesman Brg. Gen. Mohammed Samir said on his verified Facebook page Friday that his military's search planes and vessels had discovered parts of the Airbus A320 along with some passengers' belongings.The military is certain the debris comes from Flight MS804 Samir told NBC News by phone, adding that the wreckage will be brought back to Egypt for investigation.
Once again the Chicken Littles of the U.S. mainstream media are “warning us” that the sky could fall, because of “bubbles in China”. Somehow, all of the U.S.’s gigantic/precarious bubbles are completely invisible to these Chicken Littles. Whose bubbles are bigger? Whose bubbles are worse? The answer could not be more obvious.
With Trump going after billionaire-funded media in America, and Italy facing probes over its banking-system-controlled media, it is perhaps no surprise that yet another generally corrupt nation - Greece - is facing a parliamentary committee investigation into spuriously large 'bank loans' and highly-concentrated advertising spend made to various political parties and media groups in 2015. Probably just a coincidence that all the media that received the large amounts of advertisement were also pro Bailout- and Austerity-supporters ever since 2010.
Saxo Bank chief economist Steen Jakobsen said that zero rates, zero growth, zero productivity, and zero reforms have left a great many countries adrift in a “new nothingness”. The products of this nothingness, said Jakobsen, include apathy, stagnation and “an economic outlook based more in peoples’ heads than in reality”.
After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of natural gas that will help the continent diversify away from Russia. The route begins at the Caspian Sea in Azerbaijan, where the South Caucuses Pipeline will carry Caspian gas from the large Shah Deniz-2 gas field, delivering it to the border with Turkey.
The Last Minutes Of Crashed EgyptAir Flight MS804: 22,000 Foot Drop In 2 Minutes, Violent Swerving; Crash Debris FoundSubmitted by Tyler Durden on 05/19/2016 09:11 -0400
Most critical appears to be the 2 minute interval from 3:27 to 3:29, when according to the Greek defence minister cited by the Guardian, there was a dramatic change in the plane's attitude and direction. It was in this two minute period when the plane made a 90 degree swerve left and dropped from 37,000 feet to 15,000 feet before swerving 60 degrees right and vanishing at 10,000 feet ten to 15 miles inside Egyptian air space.
Six months after an Airbis A321 operated by Russia's Metrojet exploded shortly after takeoff from Egypt's Sinai peninsula en route to St. Petersburg, killing all 224 people on board in what was an ISIS-inspired terrorist attack, overnight there has been another aircraft-related tragedy when an EgyptAir flight carrying 66 passengers and crew on a flight from Paris to Cairo disappeared from radar over the Mediterranean shortly before landing, at 2:30am local time. Officials said they believed the jet has come down in the Mediterranean sea. A search and rescue operation is currently underway and authorities have said that no scenario can be ruled out, including terrorism.
After yesterday's algo-driven mad dash to close the S&P green both for the day and for the year following Fed minutes that came in shocking hawkish, the selling has continued overnight, led by the commodity complex as rate hike fears have pushed oil back down some 2% from yesterday's 7 month highs, which in turn has dragged global stocks lower to a six-week low, while pushing bond yields higher across developed nations as the market suddenly reprices the probability of a June/July rate hike.
The EU-Turkey migrant deal, designed to halt the flow of migrants from Turkey to Greece, is falling apart just two months after it was reached. European officials are now looking for a back-up plan - a confidential plan to house all migrants arriving from Turkey on Greek islands in the Aegean Sea. Migrants would remain on the islands permanently while their asylum applications are being processed. The plan, which Bild reports is being discussed at the highest echelons of European power, would effectively turn parts of Greece into massive refugee camps for many years to come.
Buy gold and silver coins and bars for delivery and storage has advocated a leading financial adviser in Ireland. Eddie Hobbs has given advice to his clients and says that they should buy bullion in order to protect from the coming global financial crisis.
- As Brexit vote looms, U.S. banks review their European commitments (Reuters)
- Oil’s Strength Continues to Boost Global Stocks (WSJ)
- Trump closing gap with Clinton, poll shows (Hill)
- In Adjacent Pennsylvania Counties, Republicans Are Split on Donald Trump (WSJ)
- Make America Gold Again: Calls for Everyone's Favorite Standard Are Back (BBG)
"What Is Worrisome Is The Increasing Scale Of Violence" - Anti-Immigrant Rhetoric Turns To Arson In GermanySubmitted by Tyler Durden on 05/16/2016 20:10 -0400
By now everyone is well aware that the sentiment in Germany is beginning to take on a very anti-immigrant (specifically Muslim immigrant) tone. Not only is sentiment shifting, but now violent actions are being put behind the ever growing contempt for immigrants within Germany as well.
Just two years after the US provided generous amounts of modern weapons to both the "moderate" Syrian rebels as well as the Iraq military, which then conveniently and almost immediately "fell into the wrong hands" and served to arm what was then a little known group of Muslim fundamentalists that went by the name of the Islamic State, the US is about to do it again.
“Workers struggle to cope with this denial of a basic human need. They urinate and defecate while standing on the line; they wear diapers to work; they restrict intake of liquids and fluids to dangerous degrees,”
Michael O’Leary was forthright and humorous as ever at a conference when he warned that Brexit could lead to contagion in the EU. With regard to diversifying into gold, the CEO of Ryanair, one of Europe’s largest airlines, said that the airline would be unlikely to as it is a “risky asset.”