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Thursday Humor? Oman To Join Saudi "Anti-Terror Alliance"

While we can understand shifting regional alliances, we - and everyone else - laughed out loud when reading that in order to show his "ideological proximity" to the Saudis, Oman’s defense minister sent a letter to Deputy Crown Prince Mohammed bin Salman, in which the small Gulf nation decided to join the... wait for it, Islamic Military Alliance Against Terrorism.

Italy Slams ECB For Revealing It Has A "Bank Run" Problem

"It would have been useful, if not kind, to have a bit more information from the ECB about the criteria that led to this assessment," Italy's economy minister Pier Carlo Padoan told Il Sole 24 Ore, as he slammed the ECB. "I was a bit surprised to receive the news, out of the blue and on Christmas day."

China Rattles Sabre - Tests Prototype Fifth-Generation Stealth Fighter

As president-elect Trump plays Boeing and Lockheed off against each other, China flexed its military muscles once again - after sending its aircraft carrier Liaoning into the western Pacific - by testing the latest version of its fifth-generation stealth fighter, state media reported on Monday, as it tries to end the West’s monopoly on the world’s most advanced warplanes.

The Great "Fake News" Scare Of 1530

"The statements that make [established] people maddest are the ones they worry might be believed... If Galileo had said that people in Padua were ten feet tall, he would have been regarded as a harmless eccentric. Saying the earth orbited the sun was another matter. The church knew this would set people thinking..."

Frontrunning: December 27

  • Monte dei Paschi Rescue Cost Jumps as Deposits Fall (WSJ)
  • Russia finds first black box from Black Sea crash jet (Reuters)
  • Prat-Gay Fired as Argentine Finance Minister After One Year (BBG)
  • Fear of Trump Triggers Deep Spending Cuts by Nation's Second Largest Union (BBG)
  • Xi’s Power Play Foreshadows Change in How China Is Ruled (WSJ)

The War On Terrorism Just Keeps Making It Worse

The war on terror has failed more demonstrably than most wars: al-Qaeda numbered in the hundreds in 2001, but today – along with ISIS – it has tens of thousands of fighters and supporters spread across dozens of countries. Political leaders are not blameless, but they tend to be blamed for the wrong thing.

Mystery Surrounds NATO Auditor General's Suspicious Death

Police in Belgium are probing the suspicious circumstances surrounding the death of a high ranking NATO official - the auditor general, whose responsibilities included probing terror financing - after his body was discovered in his car with a gunshot wound to the head.