One of the two men who used stolen passports to board the missing Malaysia Airlines jet has been identified according to the nation’s inspector general of police. Authorities are not releasing details of his nationality but confirmed he is neither Malaysian nor from Xinjiang, China (the home of the Uighur separatists who have come under suspicion following Taiwanese authorities tip last week warning that terrorists were targeting Beijing’s international airport).
- Index of largest Chinese stocks drops to lowest since February 2009 (BBG)
- Plane-Debris Hunters Seek Suspected Aircraft Window Part (BBG)
- New-Home Building Is Shifting to Apartments (WSJ)
- Forward Guidance Risks Stoking Instability, BIS Says (BBG)
- Alleged Bitcoin Millionaire Nakamoto Gets $28,000 Donations (BBG)
- Mexico kills drug kingpin reported dead years ago (Reuters)
- Tencent to Buy 15% Stake in JD.com to Boost E-Commerce (BBG)
- Bitcoin exchange MtGox 'faced 150,000 hack attacks every second’ (Telegraph)
- Noyer Says Stronger Euro Creates Unwarranted Pressure on Economy (BBG)
- Russian Forces Gain in Ukraine as Separatist Vote Looms (BBG)
Everyone Agrees that Ukraine Sniper Attacks Were a False Flag … They Only Argue About WHO's Behind ThemSubmitted by George Washington on 03/09/2014 21:06 -0400
On Thursday a senior Indian official appeared to endorse Russia’s position in Ukraine in recent days, even as Delhi urged all parties involved to seek a peaceful resolution to the diplomatic crisis. When asked for India’s official assessment of the events in Ukraine, National Security Adviser Shivshankar Menon responded: “We hope that whatever internal issues there are within Ukraine are settled peacefully, and the broader issues of reconciling various interests involved, and there are legitimate Russian and other interests involved…. We hope those are discussed, negotiated and that there is a satisfactory resolution to them." Local Indian media noted that Menon’s statement about Russia’s legitimate interests in Ukraine made it the first major nation to publicly lean toward Russia. The larger question, of course, is why India decided to take such a relatively pro-Russian stance on the Ukraine issue? There are a number of possibilities...
The dismal news overnight that a Malaysian Airlines jet, carrying over 200 passengers and crew, had "gone missing" appears to have become considerably more troublesome. News this morning of pools of oil off the Vietnam coast - suggestive of a crash - are dreadful but, as NBC News reports, perhaps more crucially, U.S. officials told NBC News on Saturday they are investigating terrorism concerns after two people listed as passengers on the missing Malaysia Airlines jet turned out not to be on the plane and had reported their passports stolen (while in Thailand).
- Putin rebuffs Obama as Ukraine crisis escalates (Reuters)
- Behind the $100 Billion Commodity Empire That Few Know (BBG)
- Initial Public Offerings Hit Pace Not Seen in Years (WSJ)
- Russian Parliament Will Back Crimea Split From Ukraine (WSJ)
- Nakamoto Named as Bitcoin Father Denies Involvement, Flees Press (BBG)
- Chaori Can’t Make Payment in China’s First Onshore Default (BBG)
- Zombies Spreading Shows Chaori Default Just Start (BBG)
- Pimco's Gross declares El-Erian is 'trying to undermine me' (Reuters)
- U.S. Fighters Circle Baltics as Putin Fans Fear of Russia (BBG)
While the mainstream media in the US are painting a picture of a tyrannical Putin invading and then folding, the Chinese and Russians have a different perspective. On one hand, the Chinese are essentially making the West out to be the belligerents, the Russians to be defending their interests, and the Chinese as the strong diplomats who are pushing for peace. And on the other hand, the Russian papers are highlighting the utter hypocrisy of US foreign policy – it’s OK for America to invade whatever country it likes, but not for Russia to defend its own interests.
- High Stakes Limit Bid to Cow Putin (WSJ)
- Russia says can't control Crimea troops ahead of U.S. talks (Reuters)
- Crimea Crisis Haunted by Ghosts of Bungled World War I Diplomacy (BBG)
- Putin’s Ukraine Gambit Hurts Economy as Allies Lose Billions (BBG)
- Germany Says It Provided Equipment and Training to Ukraine's Riot Police (WSJ)
- China signals focus on reforms and leaner, cleaner growth (Reuters)
- China Shares in Hong Kong Decline Amid Default Concern (BBG)
- Beijing Signals New Worry on Growth (WSJ)
- Russian markets hit as Putin tightens grip on Crimea (Reuters)
- Ukraine Sees More Russian Incursions as Standoff Worsens (BBG)
- Ukraine Crisis Roils Global Markets (WSJ)
- Cold War Ghosts Haunt East Europe in Moves for Crimea (BBG)
- How Moscow Orchestrated Events in Crimea (WSJ)
- Russia Gas Threat Shows Putin Using Pipes to Press Ukraine (BBG)
- Euro-zone PMI slowed less sharply than estimated (MW)
- Two top Microsoft execs to leave in reshuffle (Reuters)
- Soaring Luxury-Goods Prices Test Wealthy's Will to Pay (WSJ)
- IQ-Boosting Drugs Aim to Help Down Syndrome Kids Learn (BBG)
The Bitcoin phenomenon has now reached the mainstream media where it met with a reception that ranged from sceptical to outright hostile. The recent volatility in the price of bitcoins and the issues surrounding Bitcoin-exchange Mt. Gox have led to additional negative publicity. It is clear that on a conceptual level, Bitcoin has much more in common with a gold and silver as monetary assets than with state fiat money. The supply of gold, silver and Bitcoin, is not under the control of any issuing authority. It is money of no authority – and this is precisely why such assets were chosen as money for thousands of years. Gold, silver and Bitcoin do not require trust and faith in a powerful and privileged institution, such as a central bank bureaucracy. Under a gold standard you have to trust Mother Nature and the spontaneous market order that employs gold as money. Under Bitcoin you have to trust the algorithm and the spontaneous market order that employs bitcoins as money (if the public so chooses). Under the fiat money system you have to trust Ben Bernanke, Janet Yellen, and their hordes of economics PhDs and statisticians.
Everyone is curious who those unmarked men in unforms that have been seen in youtube clips from the Crimea are. Courtesy of Russian blogger Lev Shlosberg who writes for the newspaper Pskovskaya Guberniya, we now have an answer: according to him they are the officers of the 76th Chernihov (Pskov) Storm Troops Division and have slowly dispersed across key choke points in Ukraine.
The mainstream financial media nearly wet its collective pants with excitement in reporting that the planet's corporations paid $1 trillion in dividends in 2013. What they didn't report is that clearing billions in profit is about to get much harder. The point is this: technology lowers margins, and credit bubbles inevitably pop. Any company or nation that depends on maintaining high margins in credit-bubble-based "growth" is about to find that it's much harder to net $1 billion, much less $1 trillion.
Kevin Lau, the 49-year-old former editor of the respected Ming Pao newspaper (who was unexpectedly replaced last month by journalist with no experience) following his reporting on human rights abuses in China is in critical condition after being attacked with a meat-cleaver. As The Daily Mail reports, slashed three times by a man in a crash helmet in a residential neighbourhood who then fled on a motorbike, police said. His sudden dismissal sparked protests across the city over freedom of the press as the move raised fears among journalists that the newspaper's owners were moving to curb aggressive reporting on human rights and corruption in China. It appears, given this attack, they were right.
Including a Direct Contact with Bin Laden by an FBI Resource In 1993
- California couple finds $10 million in buried treasure while walking dog (Reuters) ... not bitcoin?
- Dimon Says Threats to JPMorgan Span Google to China Banks (BBG)
- Stocks So Many Love to Hate Buoyed by Fed’s Jobs Priority (BBG)
- White House Weighs Four Options for Revamping NSA Phone Surveillance (WSJ) ... to pick the fifth one
- Credit Suisse Executives Weren’t Aware of U.S. Tax Dodges (BBG)
- Militias Hunt Kiev Looters From Central Bank to Bling Palace (BBG)
- Crisis Gauge Rises to Record High as Swaps Avoided (BBG)
- Obama to Propose Highway-Repair Program (WSJ)
- Ukraine Pledges to Protect Deposits as Kiev Rally Called (BBG)