New York Times

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The Forgotten War – Understanding The Incredible Debacle Left Behind By NATO In Libya





"In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state... As bad as Libya’s human rights situation was under Qaddafi, it has gotten worse since NATO ousted him."

 
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The Austrian Solution to Greece





Fill In The Blank: "Greece will achieve economic success when ____"

 
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Another U.S. Veteran Passionately Pleads: "Please Don't Thank Me For My Service"





"...when he gets thanked it can feel self-serving for the thankers, suggesting that he did it for them, and that they somehow understand the sacrifice, night terrors, feelings of loss and bewilderment. Or don’t think about it at all." Rather than saying “thank your for your service,” it appears increasingly clear the appropriate sentiment should be something like, “I’m really sorry American leadership carelessly sacrificed your life for no good reason.”

 
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3 Things - Forward Estimates, Valuations vs. Returns, Told You So





The real issue here is that economic weakness is likely much greater than headline statistics, and the vast majority of mainstream economists, actually suggest.  Furthermore, as we have repeatedly stated in the past, the ability for the U.S. economy to withstand the global storm of deflation is vastly limited. It will be interesting to see what the Federal Reserve does next.

 
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Frontrunning: February 18





  • Greece to submit loan request to euro zone, Germany resists (Reuters)
  • Ukrainian forces start to quit besieged town (Reuters)
  • Bank of Japan maintains policy, no surprises (FT)
  • China Considering Mergers Among Its Big State Oil Companies (WSJ)
  • Soros Shifts to Europe, Asia as Investors Cut U.S. Equities (BBG)
  • Putin tells Kiev to let troops surrender as Ukraine ceasefire unravels (Reuters)
  • Venezuela Squanders Its Oil Wealth (BBG)
  • Swiss prosecutor raids HSBC office, opens criminal inquiry (Reuters)
 
GoldCore's picture

NSA Trojan Firmware Widespread, U.S. International Tech Reputation May Suffer. Tech Privacy Has Been a Myth.





The global economy is thoroughly integrated and processes and knowhow are increasingly delivered on distributed architecture made up of lattices of public and private networks. This approach has wonderful benefits and can deliver scale and flexibility and speed in equal measure. But therein lies the risk, the physical spying infrastructure with engineered back doors must remain hidden in order to be effective and useful to the spies who placed them there. What the intelligence community has done has created the mother of all “single point of failures” and the potential for calamity and social disintegration is almost too great to countenance. They assume that with adequate controls these systems can be kept safe and used effectively. They said the same about nuclear procurement and weaponised viruses.

 
GoldCore's picture

International Hacking Group Steals $300 Million – Global Digital Banking System Not Secure





The attacks demonstrate a shocking vulnerability in the highly interconnected global banking system. The Kaspersky Lab report gives a fascinating insight into the hackers operation.

 
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In NYT Op-Ed, Yanis Varoufakis Says Greece Is Not Bluffing, "Will Not Cross Red Lines It Has Drawn"





With only a few short hours until the process of everyone's cards being revealed in Brussels begins, it is once again Greece' turn to remind the other players on the table that no matter the quality of cards it has, it is not bluffing. Which is precisely what anyone bluffing would say.  In a just released Op-Ed in the NYT (were there no European newspaper willing to accept the Greek finance minister's Op-Ed one wonders that he had to go all the way to the bastion of the left... in the United States) the new Greek finance minister says that not only is he not bluffing adding "that I have no right to bluff", but using recent military jargon says that "the lines that we have presented as red will not be crossed. Otherwise, they would not be truly red, but merely a bluff."

 
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"The World's Most Sophisticated Cyber Attack" - How Hackers Infiltrated The Banks & Stole Millions





Since late 2013, The NY Times reports that an unknown group of hackers has reportedly stolen $300 million ­- possibly as much as triple that amount - from banks across the world, with the majority of the victims in Russia. The attacks continue, all using roughly the same modus operandi...

 
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World Press Freedom Index Plunges – USA Now Ranked #49 Globally





The 2015 World Press Freedom Index highlights the worldwide drastic decline in freedom of information in 2014. The rise in overall violations of freedom of information was evident in all continents, but for America - the bastion of press freedom in the land of the free and "the most transparenet administration ever" - fell once again... to 49th!!

 
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