New York Times
BK wants to join forces with McDonald’s to create the McWhopper and support Peace One Day – giving consumers a shot at massive indigestion while supporting a cause.
For Saudi Arabia, The Music Just Stopped: Scramble To Slash Spending Begins As Oil Math Reveals Dire PictureSubmitted by Tyler Durden on 08/25/2015 17:20 -0400
With declining crude revenues clashing head on with the cost of simultaneously financing the state while intervening militarily in Yemen, the Saudis are looking to tap the bond market (a move which could increase debt-to-GDP by a factor of 10 by the end of next year) and some are speculating that the riyal’s dollar peg could ultimately prove unsustainable. Now, as Bloomberg reports, "Saudi Arabia is seeking to cut billions of dollars from next year’s budget because of the slump in crude prices."
The trouble is that it’s not inconceivable Trump could get elected. Farfetched, perhaps, but not out of the question. The USA is heading for a very rough patch of history — as those of you with your eyes on the stock indexes lately may suspect. The country stands an excellent chance of waking up some morning soon to discover it is broke and broken. When that happens, all the anxiety and animus will be focused on looking for scapegoats, and they are likely to be the wrong ones. World leaders considered Hitler a clown in the early going, too, you know.
There are still guys out there like this, it's good to know. I'm sure if Caitlyn Jenner had been there instead, she would have tried something, but it's tough what with the ball gown's hemline and all.
As the capital markets from Shanghai to New York were melting down in ways hearkening back to the early days of the prior financial crisis - a period of time many would like to forget (or act) as if it never happened - the Nobel Laureate economist Paul Krugman decided it was time once again to weigh in with what will surely be viewed by the so-called “smart crowd” as a brilliant perspective on what ails the world: Not enough debt. He came out blazing with what seems the only bullet in his arsenal as a cure-all for what ever the ailment might be (e.g., debt.) as he argues this view in his latest: Debt Is Good.
Last year, when alternative economic analysts were warning that the commodities crush and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that the commodities jolt was temporary. Perhaps the fact needs repeating that it’s not paranoia if they are really out to get you. Only a short time later, it is truly amazing how the rhetoric from the mainstream economic yes-men is changing. So now that the mainstream is willing to report on clear economic dangers, what happens next?
Facing a growing public backlash and seeking to deflect charges that the government is complicit in a massive coverup of a completely avoidable disaster that ultimately caused the deaths of more than 100 people, Beijing has compelled the Party-affiliated majority shareholders of Tianjin International Ruihai Logistics to admit their role in circumventing restrictions on the storage and handling of hazardous chemicals.
Governments from around the world admit they carry out false flag terror. People are slowly waking up to this whole con job by governments who want to justify war. More people are talking about the phrase “false flag” than ever before.
China "can't determine" what chemicals were warehoused in an industrial zone that exploded on Wednesday, leading local residents to question whether the air is safe to breathe. Meanwhile, Greenpeace suggests a hard rain risks driving air borne pollutants into the groundwater even as Beijing swears there's no evidece of chemicals in seawater.
Rather than rely on the same signals everyone else has, accredit yourself. Don't rely on the declining value of credentialing signals: demonstrate you have the skills.
During six months of protracted and terribly fraught negotiations between Athens, Berlin, Brussels, and the IMF, the idea that Spain, Italy, and Ireland somehow represented austerity "success stories" was frequently trotted out as the rationale behind demanding that Greece embark on a deeper fiscal retrenchment despite the fact that the country is mired in recession. For many in the periphery, the notion of an economic recovery is fiction, plain and simple.
The bail out is a cynical ruse, not to benefit Greece as a whole, but to benefit the banks and other creditors (the ECB and the IMF) who should take their medicine and move on. The one thing keeping the whole blighted euro project in place is an arrogant denial of the facts. A loss of political face now is a small price to pay for a much better outcome that will disadvantage far fewer people than the disorganised chaos into which Euroland will descend if the current bunch of lunatics are not put back in the asylum. Is this a Europe we want to be part of?
If these sorts of negative consequences arise from a voluntary equal pay scheme, we don’t think we could expect anything better from an involuntary one on a national level.
The violence in Turkey has escalated meaningfully over the past 48 hours as the country's crackdown on "terrorists" gathers steam and as Washington and Ankara ready a "comprehensive" plan to take the fight to ISIS in Syria. Meanwhile, Saudi Arabia's foreign minister met with his Russian counterpart in Moscow where the two argued about the fate of Bashar al-Assad, while al-Qaeda refused to back the US and Turkey's "ISIS-free zone" because they believe it serves only to advance Ankara's narrow political interests. In short: "It's a friggin' mess."