The Chinese Communist Party’s official newspaper claims the U.S. is trying to foment a “color revolution” in Hong Kong. Although China has strongly implied that foreigners were secretly controlling the Hong Kong protests in recent weeks, the commentary was the first time it so explicitly accused the U.S. of being behind the movement.
UPDATE: Nevache confirmed that the "suspicion was over" and the people were allowed to leave
Following news of the death of a British man in Macedonia from Ebola, RTL reports that 60 people are locked inside a Department of Medical and Social Coordination (DASS) building in Cergy-Pontoise (on the northeast edge of Paris) following Ebola-like symptoms in 4 people who returned from Guinea.
Ebola Pandemic Hits Germany, Turkey, And Australia As Infected Spanish Nurse Went Un-Quarantined For A WeekSubmitted by Tyler Durden on 10/09/2014 08:12 -0500
Despite the still confident exclamations from officials that the Ebola pandemic is 'contained', more and more nations are admitting to Ebola-symptomatic cases or bringing infected patients back from Africa for treatment. Australia has its first potential case of the deadly disease, as Bloomberg reports a nurse who returned from volunteering in Africa has developed Ebola-like symptoms. Despite claims that Nigeria's outbreak is over, a Turkish worker there has been hospitalized in Istanbul after signs of high fever and diarrhea. Health officials from Germany confirm a 3rd Ebola patient has arrived in the country - having contracted the disease in Liberia. And finally, just as in the sad case of Thomas Duncan in Dallas, The Guardian reports the infected Spanish nurse went untreated and unquarantined for a week despite reporting symptoms at least three times to hospital officials. It seems the world is ill-prepared for this...
Here we go again. Exactly two months after the deadly shooting of Michael Brown by a local police officer in Ferguson, MO, it is time for part two. Overnight, in nearly the same spot as the Brown shooting, a white off-duty policeman shot and killed a black teenager in St Louis, officers said, triggering a night of protests just miles from the site of another police shooting of another black youth in the suburb of Ferguson. Reuters has the details: police said the 18-year-old was armed and fired three shots while he was being chased by the officer, and they had recovered a gun at the scene. The youth was killed almost two months to the day since sometimes violent protests erupted in Ferguson after a white police officer shot dead unarmed black 18-year-old Michael Brown. Said otherwise, cops say Myer was armed but witnesses say he was only holding a sandwich when he was tased, fell over & then was shot at 17 times of which "only" three hit.
While geopolitics has largely dropped of the front news page, replaced by updates on the global Ebola epidemic (which until recently was considered nothing but fearmongering by those who prefer to avoid reality ews until it is far too late), things in the Middle East are getting worse, and while the US attack against ISIS has achieved absolutely nothing (in fact, the revelation of US strategies may have facilitated the incursion of ISIS into the town of Kobani, a mostly Kurdish city in north Syria), the latest geopolitical hotspot over the past few days has become NATO member Turkey (we provided a big picture summary in "Turkey, The Kurds And Iraq - The Prize & Peril Of Kirkuk"). It is here that violent clashes broke out across the southeast of the nation with several people reported dead and curfews imposed, as the region’s Kurdish people protested the advance of Islamic State just across the border with Syria.
- Liberian Rubber Farm Becomes Sanctuary Against Ebola (WSJ)
- The World’s Most Powerful Central Banker: Janet Who? (BBG)
- Islamic State moves into south west of Syrian Kurdish town (Reuters)
- Waldorf to Be Biggest Chinese Property Purchase in U.S. (BBG)
- Spain Seeks People in Contact With Ebola-Infected Nurse (BBG)
- Hong Kong protests at crossroads as traffic, frustration pile up (Reuters)
- Immigration: Grim Caseload at the Border (WSJ)
- China Cuts Thousands of ‘Phantom’ Workers From State Payroll (BBG)
- U.S., U.K. Regulators Push to Settle Deutsche Bank Libor Case This Year (WSJ)
- Wall Street Moles Go to NY’s Top Cop, Spurning SEC Cash (BBG)
- Pimco's outflow headaches only just beginning (Reuters)
- Japan Lawmakers Flag Need for Exit Strategy as Yen Falls (BBG)
Spanish Ebola-Infected Nurse Is First Case Of Contagion Out Of Africa; Salzburg Activates Ebola Emergency ResponseSubmitted by Tyler Durden on 10/06/2014 13:47 -0500
By now it should be clear to everyone that any myth that the Ebola epidemic, which has clearly gone global, is contained is about as real as the S&P 500 at 2000. And if it isn't, the latest confirmation came moments ago from BBC which reports that a Spanish nurse who treated an Ebola victim in Madrid has contracted the virus herself in the first case of contagion outside Africa, health officials say. What is different about this case is that the nurse contracted the virus in Madrid while she was part of the team that treated Spanish priest Manuel Garcia Viejo, who died of Ebola on 25 September, despite being treated with the same drug regiment that previous is said to have worked on US Ebola patients.
Violence Erupts As Hong Kong's Leader Threatens To Use "All Necessary Measures To Restore Social Order"Submitted by Tyler Durden on 10/04/2014 16:00 -0500
Having tried (unsuccessfully) to break up the pro-democracy protesters in the heart of Hong Kong using local triad gangs (as opposed to the optics of actual police), it appears the Chinese government is rolling back from its "wait-and-see" approach and becoming more aggressive once again. Hong Kong's Chief Executive Leung Chun-ying, as DPA reports, demanded protesters end their blockade of major roads by Monday, or the government will take "all necessary measures to restore social order." Tensions continue to rise, with clashes breaking out sporadically, as the protesters have broken off talks with the government. As fears of another Tiananmen square debacle loom, former Hong Kong governor Chris Patten noted, "I cannot believe it would be so stupid as to do anything like send in the army."
Despite constant cries of "isolation" from The West, China's popular support for Russia has risen since Moscow's confrontation with the West over Ukraine - rising to 66% in July from 47% a year earlier. That is borne out dramatically, as WSJ reports, books on Mr. Putin have been flying off shelves across China since the crisis in Ukraine began, far outselling those on other world leaders; leaving book-shop staff members with no doubt which foreign leader customers are most interested in: President Vladimir Putin, or "Putin the Great" as some Chinese call him.
While all the western banks are clearly envious at the facility with which Zimbabwe managed to hyperinflate away its debt mountain after simply printing a few trillion in fiat monetary equivalents, which instead of the stock market hit the broader economy, there is much more the "developed" world can learn and is learning from Robert Mugabe domain of experimental yet practical monetarism.
- European Bond Yields Go Negative (WSJ)
- Traveler from Liberia is first Ebola patient diagnosed in U.S. (Reuters)
- Hong Kong Protesters Step up Pressure on Leung to Quit (BBG)
- JPMorgan to face U.S. class action in $10 billion MBS case (Reuters)
- Turkey mulls military action against Islamic State (Reuters)
- Singapore Home Prices Fall for Fourth Straight Quarter on Curbs (BBG)
- Italy's Economic Woes Highlight Dilemma for European Central Bank (WSJ)
- Advanced iOS virus targeting Hong Kong protestors (Reuters)
- Fed Scrutiny of Leveraged Loans Grows Along With Bubble Concern (BBG)
- Mosquito Virus That Walloped Caribbean Spreads in U.S. (BBG)
In a striking admission that Mario Draghi's "strategy" about the ECB's Private QE future, aka ABS monetization plan, is nothing short of converting Europe's central bank into a "bad bank" repository for trillions in bad and non-performing debt, the FT yesterday reported that "Mario Draghi is to push the European Central Bank to buy bundles of Greek and Cypriot bank loans with “junk” ratings, in a move that is set to exacerbate tensions between Germany and the bank." It is expected that the former Goldmanite will unveil details of a plan to buy hundreds of billions of euros’ worth of private-sector assets at tomorrow's ECB meeting.
There Might Be Some Truth to China's Accusation that the U.S. is Doing Its Best to Stir Up Hong Kong
Brinkmanship, a failure of diplomacy and increasing militarism appears to have the world on the verge of a serious military conflict. Everybody should own some physical gold as a hedge and a safe haven asset to protect against the significant risks challenging us today which include bail-ins, currency wars, terrorism and war.
We would like to be able to commiserate with Ukraine's US-muppet regime, we really would, but when Ukraine's PM Argeny Yatseniuk, or Yats as he is known to Victoria Nuland, almost cried in an interview with Reuters yesterday when he pleaded that "[Russia] wants us to freeze... This is the aim and this is another trump card in Russian hands.... So, except military offense, except military operation against Ukraine, they have another trump card, which is energy". we have just two things to say to him: i) he is absolutely correct, about Russia having the trump card that is - something obvious to everyone with half a brain from the start of the conflict, and ii) perhaps Ukraine should finally pay Gazprom not only for the gas they would like to use in the future, but also the gas they have already used and payment for which is overdue and which the IMF, i.e., the US taxpayer, gave Ukraine explicit money to pay for and instead was embezzled by the people in power.