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...
If you like your boots-on-the-ground, you can keep them... and have some more. Whether a strawman or not, Reuters reports that according to US officials, the U.S. military has drawn up plans to significantly increase the number of American forces in Iraq, which now total around 1,400, as Washington seeks to bolster Iraqi forces battling the Islamic State. The White House and Pentagon were expected to announce further details later Friday.
- Republicans expect gains, but many races close on election day (Reuters)
- Ahead of tough election, White House blames dismay with Washington (Reuters)
- On Election Day, a Tale of the Young and the Old (WSJ)
- Because the recovery: Sprint to Cut 2,000 Jobs as Mobile Customers Keep Leaving (BBG)
- Ukraine's rebel leader is sworn in, crisis deepens (Reuters)
- Brilliant: Burkina Faso Army Promises Religious Leaders It Will Step Down (BBG)
- More Unknowns Leave Central Banks Facing Greater Internal Strife (BBG)
- Scapegoat found: IBM to Change Leadership at Global Services Unit (WSJ)
- Explains why Europe just slashed its GDP forecast: Don’t Be Fooled by Warm Spell as Cold Air About to Return (BBG)
U.S. Ignoring Earthquake Risks to Nuclear Plants
Two headlines came across my screen today, which taken together pretty much sum up the effects of policy decisions made by Central Bankers and politicians since the financial crisis. The financial oligarchs got bailed out, and the rich got richer due to decisions made by “leaders” around the globe. As such, the entire planet has now been transformed into a neo-feudal tinderbox.
"We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must." - Cramer
"Seek not the favor of the multitude; it is seldom got by honest and lawful means. But seek the testimony of few; and number not voices, but weigh them." - Immanuel Kant
- Fed set to end one crisis chapter even as global risks rise (Reuters)... you mean, for the third time?
- Insider-Trading Probe Focuses on Medicare Agency (WSJ)
- He's sorry: Rajoy Apologizes as New Wave of Graft Allegations Hits Spain (BBG)
- China could 'punish' Hong Kong over protests, says ex-HK central bank chief (Reuters)
- Dubai Insists the Boom is Not a Bubble This Time Around (BBG)
- Bank-Data Sharing Accord Expands Push to Find Tax Cheats (BBG)
- Deutsche Bank Sinks to Third-Quarter Loss on Legal Costs (BBG)
- Kim Jong Un Executes 10 Officials for Watching Soap Operas (BBG)
- French drugmaker Sanofi sacks CEO Viehbacher (Reuters)