One provocation follows another against the endless drumbeat of Western media reports about “Russian aggression”. The war preparations greatly reduce European security and the chances for revival of constructive dialogue between Russia and NATO – something Russia has been calling for so many years. Instead, the bloc is doing its best to provoke an arms race with unpredictable results.
"We refugees... do not want to live in the same country with you. You can, and I think you should, leave Germany. And please take Saxony and the Alternative for Germany (AfD) with you... Why do you not go to another country? We are sick of you!" - Aras Bacho an 18-year-old Syrian migrant
With a flurry of political risk events over the coming months, and a new global focus on fiscal policy, Draghi needs to reassure market players that the ECB has more ammunition as well as laying to rest the taper talk that spooked bond markets this month.
Draghi will make clear that tapering has not yet even been considered. He will emphasize that the program runs until March, at least, and so they have plenty of time to plan the exit. There’ll be no taper-tantrum today. Far from tapering, it’s likely that the Asset Purchase Program will be prolonged even further beyond March, although perhaps not formally so at this meeting. An extension will require technical adjustments that may need more time to work out.
"They are deploying all of the Northern fleet and much of the Baltic fleet in the largest surface deployment since the end of the Cold War," a NATO diplomat said on condition of anonymity. "This is not a friendly port call."
The Norwegian military has released pictures taken by surveillance aircraft of a fleet of Russian warships sailing in international waters off the coast of Norway and reported to be heading to Syria. Among the ships observed was the aircraft carrier Admiral Kuznetsov and the Pyotr Velikiy battle cruiser, on their way to join the Russian military effort in Syria.
US futures were little changed, with European shares lower, and Asian stocks higher as caution returned after last night's Chinese economic data did little to clear up how the world's second largest economy is performing, and provided few positives for investors ahead of the third and final U.S. presidential debate; imminent announcements from both the ECB and the Fed also will keep traders on their toes today.
For those who still believe in the concept of individual freedom, Adolf Hitler had this to say: “Society’s needs come before the individual’s needs.” This concept has been thoroughly supported by modern day American politicians of both parties. Hillary Clinton echoes the Fuehrer’s view as follows: “We must stop thinking of the individual and start thinking about what is best for our society.” The Sedition Act has now become a permanent condition in the US, and Europe is not far behind.
The hostage situation has concluded after the suspect surrendered to police. According to newspaper Derniere Heure, witnesses report that the hostage taker's only statement was that he "doesn't want to go to jail." It is unlikely he will get his wish.
“It’s as clear as day that this decision was not made by the bank. And not any other bank – banks don’t make such decisions on their own,” Sergei Lavrov said. "I believe an old saying is appropriate here: don’t treat others the way you don’t wish to be treated yourself"
A Swedish prosecutor has ruled that the ISIS flag does not constitute hate speech and is therefore legal under Swedish law. Prosecutor Gisela Sjövall announced last week that she would not prosecute a 23-year-old man who had posted the black ISIS flag on his Facebook page in June. "Put simply, one can say that he is expressing contempt for “all others”, and not against a specific ethnic group."