- Ruble Sinks to 80 a Dollar Defying Surprise Russia Rate Increase (BBG)
- Oil slumps near $59 for first time since 2009 on oversupply (Reuters)
- Oil sinks, Russian moves fail to quell nerves (Reuters)
- Fed Seen Looking Past Low Inflation to Drop ‘Considerable Time (BBG)
- Students Among Dead as Pakistan Gunmen Kill 126 at Army School (BBG)
- Repsol to buy Talisman Energy for $13 billion (Reuters)
- Indonesia’s Rupiah Erases Decline After Central Bank Intervenes (BBG)
- Anti-Islam Rally Grows as Immigrant Backlash Hits Europe (BBG)
- Saudi Arabia is playing chicken with its oil (Reuters)
Sydney Seige Is Over After Explosions, Shots Fired; 11 Hostages Freed; Gunman & 1 Hostage Dead - Live FeedSubmitted by Tyler Durden on 12/15/2014 11:18 -0500
BREAKING NEWS: HOSTAGE-TAKER KILLED BY GUNFIRE. SKY NEWS
POLICE STORMING SYDNEY SIEGE CAFE, ABC REPORTS
EXPLOSIONS, SHOOTING AT SYDNEY SIEGE SITE: ABC TELEVISION FOOTAGE
TWO PEOPLE KILLED AS POLICE END SIEGE OF SYDNEY CAFE, CNN SAYS
GUNMAN HAS NOT BEEN SEEN LEAVING SYDNEY SIEGE BUILDING: SKY
SYDNEY SIEGE IS OVER, AUSTRALIAN POLICE SAY VIA TWITTER
Up To 40 Hostages In Sydney Financial District Coffee Shop, Jihadists Suspected; US Consulate Evacuated - Live FeedSubmitted by Tyler Durden on 12/14/2014 23:58 -0500
LINDT AUSTRALIA CEO STEVE LOANE: PROBABLY ABOUT 30 CUSTOMERS, ABOUT 10 STAFF WORKING IN SYDNEY CAFE TODAY
"We have moved to a footing of a terrorism event," -NSW Police Commissioner Andrew Scipione
Only weeks after Australia broke up a plan by ISIS to publicly behead a member of public, reports suggest 2 gunmen are holding up to 40 hostages at a Lindt coffee-shop in Sydney, Australia. The terrorists have shown a black jihadist flag - which is not an IS flag - and has paraded the hostages at the windows. The coffee shop is directly across the street from the Reserve Bank of Australia - which is under lockdown.
HELLO ... MAINSTREAM MEDIA ... ANYONE HOME?
CIA Director John Brennan is due to make a rare public statement and answer press questions with regard the Senate Intelligence Committee's report on the CIA's use of torture.
.Gov Tortured and Killed Innocent People for the Specific Purpose of Producing False Propaganda (U.S. Used C-O-M-M-U-N-I-S-T Techniques Specifically Designed to Produce F-A-L-S-E Confessions)
Eric Garner Protesters Swarm New York Tunnels, Squares, & Bridges; 100s Heading For 1 Police Plaza - Live FeedSubmitted by Tyler Durden on 12/04/2014 23:00 -0500
Joint statement by NYC Health Department and NYC Health and Hospitals Corporation
An individual who came to the United States from Mali, a country with limited Ebola transmission, was taken to HHC Bellevue Hospital Center today. Due to the individual's travel history and symptoms, the patient has been isolated, and an Ebola test will be performed. Results are expected later today.
- Banks Had Unfair Advantage From Commodity Units (Bloomberg)
- Report Notes Deals Between Goldman, Deutsche and Others Drove Up Aluminum Prices (WSJ)
- Goldman, Morgan Stanley Commodity Heyday Gone as Units Faulted (BBG) - because when you can no longer manipulate, you move on...
- Lenders Shift to Help Struggling Student Borrowers (WSJ)
- Immigrants face major hurdles in signing up to new Obama plan (Reuters)
- Distressed Debt in China? Ain’t Seen Nothing Yet, Buyers Say (BBG)
- Banking culture breeds dishonesty, scientific study finds (Reuters)
- Amazon Robots Get Ready for Christmas (WSJ)
Ahead of President Obama's address to the nation tomorrow to dictate his executive orders on immigration, potentially allowing millions of undocumented immigrants to stay legally in the US, a new NBC News/Wall Street Journal poll finds nearly half of Americans disapprove of his plan. Only a dismal 38% support the President taking this executive action... which makes us wonder if there has ever been so much revulsion at the policies of a standing President. It's good to be king.
3 Billion Gallons Of Fracking Wastewater Pumped Into Clean California Aquifiers: "Errors Were Made" State AdmitsSubmitted by Tyler Durden on 11/17/2014 23:07 -0500
Dear California readers: if you drank tapwater this morning (or at any point in the past few weeks/months), you may be in luck as you no longer need to buy oil to lubricate your engine: just use your blood, and think of the cost-savings. That's the good news. Also, the bad news, because as the California’s Department of Conservation’s Chief Deputy Director, Jason Marshall, told NBC Bay Area, California state officials allowed oil and gas companies to pump up to 3 billion gallons (call it 70 million barrels) of oil fracking-contaminated waste water into formerly clean aquifiers.
Today is a 'beautiful day' for U2's front-man Bono as a 'miracle' saved him from what could easily have become 'Wednesday bloody Wednesday' for him and his friends as they flew from Dublin to Berlin. As NBC News reports, Bono had a mid-air scare on Wednesday when the rear door of his private jet plummeted at least 15,000 feet to the ground. The pilots said they noticed a rumble similar to turbulence during a right-hand turn on approach, but that they felt no major change in how the plane was flying even as luggage and door fell to earth... The search for the missing door continues but investigators were overheard saying they 'still hadn't found what they're looking for'.
It appears the concept of no consequences is now deeply embedded in the American society. As Student loan debtloads surge ever higher - and opportunities grow ever lower - NBC News reports a rather stunning 24% of Millennials said they expect their loans will ultimately be forgiven, according to study released Wednesday by Junior Achievement and PwC US. That helps to explain why delinquency rates are at record highs - aside from the massive debtloads and no high-paying jobs - as students see bankers rigging every market in the world with little to no consequence, one can only imagine the lessons being learned.
"They are building stuff that nobody really wants or needs," sums up yet another mega ghost city project under development in China. As NBC News reports, China's $50-billion knock-off of the Big Apple - near the port city of Tianjin, some 120 miles from Beijing - complete with its own Rockefeller Center and Twin Towers has been billed as the world's largest financial center in the making. But this Manhattan still has a long way to go...