http://www.zerohedge.com/fullrss2.xml en Syriza Forms Coalition Government With Anti-Bailout Independent Greeks: What Happens Next http://www.zerohedge.com/news/2015-01-26/syriza-forms-coalition-government-anti-bailout-independent-greeks-what-happens-next <p>There was some excitement in the capital markets overnight, when what was initially seen as an outright victory for Syriza, giving it an absolute, 151-seat majority in parliament - a fear that briefly pushed the EURUSD under 1.11 when the Euro PPT stepped in - ended up being a placing just shy of a majority with 149 seats. However, that same excitement fizzled several hours ago when the "radical left" party agreed to form a government with the "rightwing" group of the Independent Greeks in the aftermath of Syriza's historic win which harnessed the public backlash against years of belt-tightening, job losses and hardship.</p> <p>As the <a href="http://www.ft.com/intl/cms/s/0/f5c1dbda-a547-11e4-ad35-00144feab7de.html">FT reports</a>, Panos Kammenos, leader of the fiercely anti-bailout Independent Greeks, said as he left Syriza’s headquarters after a meeting with Alexis Tsipras, the prime minister-elect: <strong>“The country has a government. Independent Greeks will give a vote of confidence to Alexis Tsipras.</strong>” The deal would give Syriza a comfortable working majority in parliament but Mr Tsipras has yet to confirm anything as he continued coalition negotiations with other parties.</p> <p>So in a parliament in which the nationalist Golden Dawn placed third, the new leadership will be comprised of a far left and a far right group, both united by the hatred of European bailouts and the stifling Greek economy, both of which they are eager to blame on Germany and the Troika.&nbsp; </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Despite their ideological differences, the two leaders established regular contacts while the previous centre-right New Democracy government was in office, based on their shared stance that Greece should abandon austerity and seek a debt write-off, while remaining a member of the eurozone. </p> <p>&nbsp;</p> <p>Mr Kammenos, a former deputy merchant marine minister in a New Democracy government, left the party in 2012 to set up his own party, taking a handful of lawmakers with him. </p> </blockquote> <p>This means that any potential agreement with the next party Tsipras is looking to work alongside, the new To Potami party, becomes of secondary importance:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Mr Tsipras was meeting Stavros Theodorakis, leader of the centre-left To Potami (The River) party later in the day to discuss possible co-operation. Mr Theodorakis has refused to participate in a Syriza-led government but could offer support even if his party is not part of a formal coalition. To Potami finished fourth in the election with 6.4 per cent of the vote and 17 seats.</p> </blockquote> <p>And while bankers across Europe were fast to talk down the possibility of a hardline Syriza, having failed to get those two elusive seats, the fact that it has aligned itself with a just as rabid anti-Europe party will actually end up forcing Tsipras hand to deliver on at least some of his anti-bailout, anti-Troika, promises, all of which Germany has shot down apriori.</p> <p>So what happens next? </p> <p>Well, on one hand, as RBS' Greg Gibbs points out, the ECB's just announced QE "substantially" increases the incentive for Greece to stay in an acceptable EU/IMF austerity program as a decline in EUR and regional bond yields provide a draw for the country. He adds to expect a lot of “bluff and bluster” from both sides of the Greek debate in 1H2015 especially since EU members will concede little ground to Syriza-led Greek government. The problem is that Syriza can hardly agree to no concessions as it has built reputation on easing austerity.</p> <p>This leads Gibbs to conclude that the most likely outcome is just enough ground conceded on both sides to save face. </p> <p>Immediate focus likely to be troika review expected end-March; most important deadlines expected when Greece faces repayment pressure on large amount of bonds in July/Aug.</p> <p>The take of Morgan Stanley's Hans Redeker is less optimistic: he, alongside other fx strategists, thinks that the Greek election outcome don’t bode well for the Euro, adding overnight that investors will watch which party Syriza reaches out to. We now know that said party is the a rightwing anti-bailout organization, which weaknes the compromise angle. </p> <p>MS says to expect a modest core European opposition against Greek debt restructuring as no doubt current debt levels are unsustainable. </p> <p>Friction with EU partners will probably be on reforms as Syriza has not only called for the end to austerity, but wants to roll back some structural reforms and re-hire in public sector. </p> <p>The conclusion: it will be up to the German government to "make a difficult decision."</p> <p>So what was Germany's kneejerk take?&nbsp; Well as Michael Grosse-Broemer, chief whip of German Chancellor Angela Merkel’s party, said in a N-TV television interview, Alexis Tsipras will have to face reality “once the smoke of the election campaign lifts" adding that "you have to abide by agreements that were made in the past. <strong>Tsipras has promised a lot, but he will have to deliver if Greece wants aid disbursements to continue.</strong>" It is not quite <em>bailoutmail </em>but if the word fits.</p> <p>Merkel's lawmaker concludes that the Greek left is “a bit blinded by their ideology,” and that the German-led approach has worked in other euro-area countries that received bailouts. </p> <p>It almost makes one wonder if it wasn't "austerity" as much as corruption and incompetence that is behind the endless Greek drama...</p> <p>In any event, both sides are now on collision course, with Tsipras knowing full well that if he dilutes his promises sufficiently his political career will also be measured in months. Speaking of Tsipras, here are some amusing snippets about his ideological position <a href="http://www.theguardian.com/world/2015/jan/25/alexis-tsipras-profile-greece-syriza-leader">from the Guardian</a>:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>As Greece descended into economic crisis, there were almost no signs that the young ideologue, an ardent admirer of Ernesto “Che” Guevara – he named the youngest of his two sons after the Argentinian Marxist revolutionary – would emerge as the wild card to challenge Europe or Athens’ own dynastic politics and vested interests.</p> <p>&nbsp;</p> <p>...</p> <p>&nbsp;</p> <p>Tsipras, perhaps more than any other Greek politician, has flourished on the back of crisis, his anti-austerity rhetoric and dexterity as a political operator becoming sharper by the day. His determination to learn English – swotting from textbooks in his spare time – helped turn him into a polished performer and earned grudging respect from his greatest opponents. </p> <p>&nbsp;</p> <p><strong>“Although trapped in his own rhetoric, he is very good at deflecting criticism and often using it to his advantage,”</strong> says Dr Eleni Panagiotarea, a research fellow at Greece’s leading thinktank, Eliamep. “His electoral campaign has been slick and very media-savvy.”</p> <p>&nbsp;</p> <p>...</p> <p>&nbsp;</p> <p>At 40, the former communist party youth activist, student leader, self-avowed atheist and firebrand appears determined to jolt not only his own country but also Europe. Nonconformity is part of the package. Others, say aides, will have to wake up to the reality that the radicals – for they wish to be called nothing else – will be doing things differently. </p> <p>&nbsp;</p> <p>Under Syriza, Athens will challenge fundamentals: the politics of austerity, fiscal policies, how business is done. With the eyes of the world media on him, Tsipras rammed home that message himself on Sunday after casting his vote in Athens. </p> <p>&nbsp;</p> <p>"Our common future in Europe is not austerity, it is the future of democracy, solidarity and cooperation," he announced.</p> <p>&nbsp;</p> <p>...</p> <p>&nbsp;</p> <p>Greek politicians are unaccustomed to taking Europe by storm. And they are certainly not used to being seen as trailblazers capable of galvanising public opinion in the 28-nation bloc. </p> <p>&nbsp;</p> <p>But, mixing chutzpah and charisma, Tsipras has managed to do both. From political unknown he has become the gadfly tormenting the big players in the EU. </p> <p>&nbsp;</p> <p><strong>"Merkelism,” he says, is in his sights. </strong>It is hard to overestimate the significance of this outcome for the left. Or Tsipras’s role in uniting groups that, famously, have remained fractured on the edge of political spectrum. </p> <p>&nbsp;</p> <p>Deploying unrivalled communication skills, the telegenic Tsipras has allowed Syriza to speak for a whole sector of society that for decades was hounded and harassed by authoritarian rightwing rule. </p> <p>&nbsp;</p> <p>In a nation still polarised by the fault lines of a bloody left-right civil war, both he and his alliance of Euro-communists, socialists, Maoists, Trotskyists and greens – since united into a single force – were only three years ago firmly relegated to the sidelines of Greek politics. </p> <p>&nbsp;</p> <p>Outside the eclectic world of Syriza committee meetings, congresses and conventions, they were not a force to be reckoned with. </p> </blockquote> <p>Maybe they are, but Europe is well-aware that any Greek renegotiation means one thing: an impairment of the ECB balance sheet, something which is also a non-starter for the central bank which is already toying dangerously close with losing all credibility as well as big losses for German taxpayers now that the bulk of Greek debt exposure has been mutualized outside of the banking sector,&nbsp; </p> <p>Whatever happens, expect a substantial increase in volatility in coming weeks as Greek pre-election promises and the harsh European reality finally collide, and lots and lots of red flashing headlines and FX kneejerk responses.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="567" height="378" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/tsipras%20win.jpg?1422272957" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-26/syriza-forms-coalition-government-anti-bailout-independent-greeks-what-happens-next#comments Bond Capital Markets Corruption Eurozone Germany Greece headlines Reality Volatility Mon, 26 Jan 2015 11:49:28 +0000 Tyler Durden 500964 at http://www.zerohedge.com "Out Of My Face Please" - Why Are US Soldiers In Mariupol? http://www.zerohedge.com/news/2015-01-25/out-my-face-please-why-are-us-soldiers-mariupol <p>Amid the devastation of yesterday's Mariupol artillery strikes which killed or wounded dozens, which was promptly blamed by both sides on the "adversary" - and has been proclaimed by both 'sides' <em>(more on that later)</em> as more violent than before the truce - an 'odd' clip has emerged that appears to provide all the 'proof' a US intelligence officer would need to surmise that US military boots are on the ground in Ukraine. As the following clip shows, a Ukrainian journalist approaches what she thinks is a Ukrainian soldier <em>(since he is wearing a Ukrainian military uniform and is carrying an AK)</em> and asked him as they run through the battlezone, "<strong>tell me, what happened here</strong>?" His response, which requires no translation, speaks for itself.</p> <p>Forward to 2:36 for the 'Ukrainian' soldier's response:</p> <p> <iframe src="//www.youtube.com/embed/kiwIUsX63Hk" width="560" height="420" frameborder="0"></iframe></p> <p>Here is a clip which focuses just on the exchange in question:</p> <p> <iframe src="//www.youtube.com/embed/jW1JdOXdJkU" width="560" height="420" frameborder="0"></iframe></p> <p>With daily reportage of the 'invasion' of Russian military forces into Ukraine territory (admittedly unconfirmed by NATO), this clip raises many questions about American involvement in the ongoing conflict - most of all, was the US involved in the "staging" the Mariupol massacre, and if so it is clear who should be blamed (and isolated).</p> <p>Of course, US troops, or at least mercs, on the ground, should not be a total surprise, <a href="http://www.zerohedge.com/news/2014-11-25/hacked-us-documents-said-reveal-extent-undisclosed-us-lethal-aid-ukraine-army"><strong>since just 2 months ago, we discussed the hacked US documents that revealed the extent of undisclosed US "lethal aid" being given to the Ukraine army</strong></a>. What was apparently left unleaked was the part of the US aid also includes US-speaking soldiers. The only question is whether US taxpayers are paying their wages.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="590" height="444" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_mariupol.jpg?1422202261" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/out-my-face-please-why-are-us-soldiers-mariupol#comments Ukraine Mon, 26 Jan 2015 03:44:02 +0000 Tyler Durden 500937 at http://www.zerohedge.com Israel's President Refuses To Meet With Obama http://www.zerohedge.com/news/2015-01-25/israels-president-refuses-meet-obama <p>While Obama is doing everything in his power to show that when it comes to commiserating with the Saudis, he is first in line, the US relationship with that "other" US ally in the region, Israel, is in a fast and furious state of "crash and burn." </p> <p>Recall, that it was yesterday <a href="http://thehill.com/policy/international/230625-obama-will-travel-to-saudi-arabia-for-king-abdullahs-funeral">when it was revealed </a>that President Obama will forgo a visit to the Taj Mahal during his visit to India in order to pay respects in Saudi Arabia after the death of King Abdullah, the White House announced early Saturday morning. Vice President Biden was initially scheduled to lead the U.S. delegation, but he will instead now remain in Washington and Obama will add the stop onto his return from India, where Obama is concluding his trip to "foster economic ties with the nation."</p> <p>This, in turn, takes place a day after <a href="http://www.reuters.com/article/2015/01/22/us-israel-congress-idUSKBN0KV1UT20150122\">Obama announced </a>he would not meet Israel's prime minister when he visits Washington in March, the White House said on Thursday, after being blindsided by the Republicans' invitation to Benjamin Netanyahu to address the U.S. Congress on Iran. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Bernadette Meehan, spokeswoman for the White House National Security Council, said Obama was withholding an invitation for Oval Office talks with Netanyahu because of Israel's March 17 elections. </p> <p>&nbsp;</p> <p>“As a matter of long-standing practice and principle, we do not see heads of state or candidates in close proximity to their elections, so as to avoid the appearance of influencing a democratic election in a foreign country," Meehan said in statement. </p> <p>&nbsp;</p> <p>"Accordingly, the president will not be meeting with Prime Minister Netanyahu because of the proximity to the Israeli election, which is just two weeks after his planned address to the U.S. Congress."</p> </blockquote> <p>This in turn led to a stunning retaliation, when Israel indicated earlier today that it has finally had it with Obama, with the above sequence of events <a href="http://www.haaretz.com/news/diplomacy-defense/.premium-1.638995">culminated in what Haaretz described </a>was a reciprocal snub of the "leader of the free world" by Israel's president Reuven Rivlin, who declined a White House invitation to meet with Obama during his upcoming US trip. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>The White House approached senior U.S. officials and advisers of President Reuven Rivlin on Saturday, to examine the possibility of a meeting between Rivlin and President Barack Obama during the former’s upcoming visit to the United States. <strong>Rivlin finally declined the American offer.</strong> </p> <p>&nbsp;</p> <p>Rivlin will be in New York this week to speak at UN Headquarters, for an International Holocaust Remembrance Day event. The President’s Residence had informed U.S. Ambassador Dan Shapiro in early December of Rivlin’s planned visit, and the information was conveyed to the White House. </p> <p>&nbsp;</p> <p>A senior Israeli official said that at first Rivlin did not want to impose himself on Obama, and that he would be happy to go to Washington if invited by the White House. The deputy spokesman for the White House National Security Council, Alistair Baskey, said that Rivlin had asked in December about the possibility of a meeting as part of his visit to New York, and that there had been contacts between the two presidential bureaus over the matter in recent weeks.</p> <p>...</p> <p><strong>After consultations, Rivlin finally declined the American suggestion. His advisers explained to the Americans that the two leaders’ schedules do not overlap, because Rivlin is expected to return to Israel before Obama gets back to Washington.</strong> </p> <p>&nbsp;</p> <p>The President’s Residence and the White House released coordinated statements last night identical in their wording, that there had been contact between the relevant parties in Israel regarding a meeting while Rivlin was in New York. </p> <p>&nbsp;</p> <p>“At this stage, it has been agreed not to hold a meeting during his visit, due to the schedule constraints of both leaders, and that a meeting would be scheduled at a later date,” the statement said.</p> </blockquote> <p>"Scheduling conflicts" indeed.</p> <p>At this point it is clear that Obama's foreign policy is beyond salvage. What is less clear is why he has chosen to snub Israel at the expense of Saudi Arabia, especially at a time when it is the Saudis' relentless extermination of every last US shale driller that will soon send America's economy reeling, and push Texas (at first, then many other states) in outright recession. </p> <p>One suggestion is that Obama decided to cut his India trip short so he could diligence in person whether, as the following chart shows, when it comes to corporal punishment, the world's most evil (du jour) terrorist organization is getting all of its pointers from America's biggest "ally" in the Middle East.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150123_saudi.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150123_saudi_0.jpg" width="600" height="1224" /></a></p> <p>&nbsp;</p> <p>Actually scratch that: these days the last thing Obama cares about are facts. So if one had to use a graphic to show what is going on, the following one is far more appropriate.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150123_saudi.png"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150123_saudi.png" width="597" height="435" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="597" height="435" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/20150123_saudi.png?1422240362" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/israels-president-refuses-meet-obama#comments Barack Obama India Iran Israel Middle East national security President Obama Recession Saudi Arabia White House Mon, 26 Jan 2015 03:29:01 +0000 Tyler Durden 500963 at http://www.zerohedge.com Shocking Images Of China's Dire Pollution Problem http://www.zerohedge.com/news/2015-01-25/shocking-images-chinas-dire-pollution-problem <p>China has some stunningly beautiful natural landscapes, but, <a href="http://www.boredpanda.com/pollution-china/">as boredpanda.com explains,</a> they may not count for much when, <strong>in other parts of the country, pollution runs totally unchecked</strong>. China is very close in size to the USA.&nbsp; Yet, <a href="http://www.theburningplatform.com/2015/01/25/pictorial-essay-china-stinks-no-really-china-stinks/">as The Burning Platform notes,</a> their population is the size of the entire Western Hemisphere, plus Japan, Germany, and France. <strong>The land can not support this mass of humanity without very dire consequences</strong>, and these shocking photos show what severe pollution people have to deal with in some parts of China...</p> <p>&nbsp;</p> <p>==============================================</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-1__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Boy Swims In Algae-Filled Water, Qingdao, Shandong</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-2__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Journalist takes a sample of red polluted water in the Jianhe River in Luoyang</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-3__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Heavily Polluted River</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-4__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Pollution from a factory in Yutian, 100km east of Beijing</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-5__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Fishermen row a boat in the algae-filled Chaohu Lake in Hefei, Anhui province</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-6__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Fishermen clean up oil at an oil spill site near Dalian Port, Liaoning province</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-7__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Smog In Beijing</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-8__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Fisherman Covered In Algae, Chaohu Lake</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-9__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Heavily Polluted River</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-10__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Smog In Beijing</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-11__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Child Swims In A Polluted Reservoir, Pingba</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-12__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Worker cleans away dead fish at a lake in Wuhan, central China&rsquo;s Hubei province</strong></span></p> </div> <p>&nbsp;</p> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-13__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Workers clean up floating garbage on the Yangtze Rive</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-15__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Heavily Polluted River In Jiaxing, Zhejiang</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-16__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>child is reflected in a drainage ditch as he jumps over trash at a village which will soon be demolished</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-17__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Buildings In Beijing Surrounded By Smog</strong></span></p> </div> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-19__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Factory Polluting The Air</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-20__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Fisherman fills his cupped palms with water from the algae-filled Chaohu Lake</strong> </span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-21__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Fishermen Collecting Fish In A Polluted Canal, Beijing</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-25__880.jpg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>A woman collects plastic bottles near a river where water is polluted with a reddish dye in Dongxiang</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-29__880.jpeg" width="585" /><br /> <p class="wp-caption-text">Workers collect dead fish at a park in Shenzhen, Guangdong province,</p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/china-bad-pollution-climate-change-30__880.jpeg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Child drinks water near a stream in Fuyuan county, Yunnan province</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/XX-Photos-Showing-How-Bad-Pollution-In-China-Really-Is__880.jpeg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Flies Gather On Railings Because Of Polluted Water, East Lake, Wuhan</strong></span></p> </div> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/XX-Photos-Showing-How-Bad-Pollution-In-China-Really-Is4__880.jpeg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Girl collects water from a puddle at a dried-up reservoir as her father stands beside her in Baofeng county</strong></span></p> </div> <p>&nbsp;</p> <div class="wp-caption alignnone" style="width: 595px"><img alt="" src="http://static.boredpanda.com/blog/wp-content/uploads/2015/01/XX-Photos-Showing-How-Bad-Pollution-In-China-Really-Is3__880.jpeg" width="585" /><br /> <p class="wp-caption-text"><span style="color: #ff0000;"><strong>Boy tries to avoid scattered rubbish floating on a flooded street in Shantou, Guangdong province</strong></span></p> </div> <p>*&nbsp; *&nbsp; *</p> <p><em><a href="http://www.boredpanda.com/pollution-china/">Source: BoredPanda.com</a> and <a href="http://www.theburningplatform.com/2015/01/25/pictorial-essay-china-stinks-no-really-china-stinks/">The Burning Platform blog</a></em></p> http://www.zerohedge.com/news/2015-01-25/shocking-images-chinas-dire-pollution-problem#comments China France Germany Japan Shenzhen Mon, 26 Jan 2015 03:00:16 +0000 Tyler Durden 500960 at http://www.zerohedge.com Chinese Currency Plunges To Peg Limit Against USDollar, Strongest Against Euro In 14 Years http://www.zerohedge.com/news/2015-01-25/chinese-currency-plunges-peg-limit-against-usdollar-strongest-against-euro-14-years <p>The drop in the Yuan over the past 2 days is the <strong>largest against the USDollar since Nov 2008</strong> as USDCNY nears its highest (CNY weakest) since mid-2012. What is more critical is that for the <strong>first time since the new 2% CNY peg bands, USDCNY is trading at the extremes - <span style="text-decoration: underline;">11.5 handles cheap to the fix</span></strong>. At the opposite end of the spectrum, the <strong>EURCNY just dropped below 7.00 for the first time since June 2001 </strong>with the biggest 2-day strengthening of the Chinese currency against the Euro in almost 4 years. It appears the consequences of ECB QE, SNB volatility, and now Greek concerns continue to ripple through the rest of the world.. and at a time when China faces its ubiquitous new year liquidity squeeze, that is not a good sign.</p> <p><strong>Biggest 2-day drop in the Yuan against the USDollar since 2008</strong></p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_cny1_0.jpg" width="600" height="304" /></p> <p>&nbsp;</p> <p>With USDNCY puishing against its 2% peg band for the first time...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_cny3.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_cny3_0.jpg" width="600" height="316" /></a></p> <p>&nbsp;</p> <p><strong>As the Yuan shifts to its strongest against the Euro since 2001</strong> (almost 2000) - back below 7.000</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_cny2.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_cny2_0.jpg" width="600" height="313" /></a></p> <p>&nbsp;</p> <p>Charts: bloomberg</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="959" height="501" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_cny2.jpg?1422240544" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/chinese-currency-plunges-peg-limit-against-usdollar-strongest-against-euro-14-years#comments China Volatility Yuan Mon, 26 Jan 2015 02:47:59 +0000 Tyler Durden 500962 at http://www.zerohedge.com Greece's New FinMin Warns "We Are Going To Destroy The Greek Oligarchy System" http://www.zerohedge.com/news/2015-01-25/greeces-new-finmin-warns-we-are-going-destroy-greek-oligarchy-system <p><a href="http://www.zerohedge.com/news/2012-12-02/yanis-varoufakis-greeces-destruction-and-europes-bogus-growth-pact">Over two years ago, we first highlighted Yanis Varoufakis&#39; perspectives</a> on the destruction of Greece and <strong>Europe&#39;s bogus growth pacts</strong>. Since then he has grown in both reason and popularity as his no-nonsense discussons of the mis-design of the euro (and potential solutions) have made him the front-runner to be Syriza&#39;s new finance minister. Never one to&nbsp; mince words or play politics, Varoufakis tells Channel 4&#39;s Paul Mason in this brief (but chilling for Brussels) interview, what his party would do if it gets into government in Greece, and admits the prospect of power in Europe is &quot;scary&quot;. As he sums up,<strong><em> &quot;we are going to destroy the Greek oligarchy system,&quot;</em></strong> and with it, we suspect, much of the narrative that holds the fragile European Union together...</p> <p>&nbsp;</p> <p><object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,47,0" height="260" id="flashObj" width="370"><param name="movie" value="http://c.brightcove.com/services/viewer/federated_f9?isVid=1" /><param name="bgcolor" value="#FFFFFF" /><param name="flashVars" value="videoId=4007413618001&amp;playerID=69900095001&amp;playerKey=AQ~~,AAAAAEabvr4~,Wtd2HT-p_VhJQ6tgdykx3j23oh1YN-2U&amp;domain=embed&amp;dynamicStreaming=true" /><param name="base" value="http://admin.brightcove.com" /><param name="seamlesstabbing" value="false" /><param name="allowFullScreen" value="true" /><param name="swLiveConnect" value="true" /><param name="allowScriptAccess" value="always" /><embed allowfullscreen="true" allowscriptaccess="always" base="http://admin.brightcove.com" bgcolor="#FFFFFF" flashvars="videoId=4007413618001&amp;playerID=69900095001&amp;playerKey=AQ~~,AAAAAEabvr4~,Wtd2HT-p_VhJQ6tgdykx3j23oh1YN-2U&amp;domain=embed&amp;dynamicStreaming=true" height="260" name="flashObj" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash" seamlesstabbing="false" src="http://c.brightcove.com/services/viewer/federated_f9?isVid=1" swliveconnect="true" type="application/x-shockwave-flash" width="370"></embed></object></p> <p>&nbsp;</p> <p>As Varoufakis previously explained,</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>The Troika is trying to suffocate us and to put pressure on the democratic choice</strong> by telling us: either you follow our requirements, or you will be cast into hell.</p> <p>&nbsp;</p> <p>They actually have their own threats as exogenous circumstances of the situation, as they are simply part. <strong>They are trying to terrorize the Greek voters.</strong></p> </blockquote> <p>Doesn&#39;t seem like much middle-ground there.</p> <p><strong>But if no agreement is possible, or found?</strong></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>So I say this clearly: &ldquo;Death is preferable. </strong>&ldquo;The real deficit in Greece, it is a dignity deficit. It is because of this lack of dignity that we have accepted stupid measures and this has fueled a vicious cycle of indignity which itself maintains discontent, fear and resentment. All this is not good. We must regain our dignity, spirit, October 28, 1940 made ??us say &ldquo;no&rdquo; to the ultimatum of Mussolini&rsquo;s Italy. At this time, we do not have the means to say &ldquo;no&rdquo; and yet we did.<em> (Note: 28 October 1940, the Greek dictator Metaxas refused by a &ldquo;no&rdquo; legendary submit to the Italian ultimatum In the war that followed, the Greeks pushed the Italian army. ).</em> <strong>We must recapture the spirit of 28 October.</strong></p> </blockquote> <p>*&nbsp; *&nbsp; *</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="389" height="314" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_varou.jpg?1422221370" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/greeces-new-finmin-warns-we-are-going-destroy-greek-oligarchy-system#comments European Union Greece Italy Mon, 26 Jan 2015 02:00:26 +0000 Tyler Durden 500958 at http://www.zerohedge.com About That "Strong Dollar" - Corporatism Speaks http://www.zerohedge.com/news/2015-01-25/about-strong-dollar-corporatism-speaks <p><a href="http://www.alhambrapartners.com/2015/01/23/corporatism-speaks/"><em>Submitted by Jeffrey Snider via Alhambra Investment Partners</em></a>,</p> <p><strong>There hasn&rsquo;t been much of Treasury Secretary Jack Lew around the mainstream newsfeed in a long time, maybe even going back to his confirmation.</strong> However, he caused a lit bit of wrinkle by proclaiming his love for a &ldquo;strong dollar&rdquo; while placing it within the context of <a href="http://www.cnbc.com/id/102363240#." target="_blank">perhaps ECB criticism</a>.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;The strong dollar, as all my predecessors have joined me in saying, is a good thing. It&rsquo;s good for America. If it&rsquo;s the result of a strong economy, it&rsquo;s good for the U.S., it&rsquo;s good for the world,&rdquo; he said during an interview at the World Economic Forum in Davos, Switzerland. &ldquo;If there are policies that are unfair, if there are interventions that are designed to gain an unfair advantage, that&rsquo;s a different story.&rdquo;</p> </blockquote> <p><strong>So he&rsquo;s all for the &ldquo;strong dollar&rdquo; as a matter of actual economic progress (without wages) but not in the manner of a currency war or some other perceived financial transgression. </strong>The Japanese have been openly abetting a lower yen, but nothing much is made of that (likely because it has had the <em>opposite</em> effect on Japanese exports and imports). Might the timing of <a href="http://www.alhambrapartners.com/2015/01/22/the-dollar-enters-the-real-economy/" target="_blank">something like this</a> (which will spread throughout this earnings season and those to come) explain the sudden interest in the currency:</p> <p><a href="http://www.alhambrapartners.com/wp-content/uploads/2015/01/ABOOK-Jan-2015-IBM-Revenue.jpg"><img alt="ABOOK Jan 2015 IBM Revenue" class="aligncenter size-full wp-image-28014" height="361" src="http://www.alhambrapartners.com/wp-content/uploads/2015/01/ABOOK-Jan-2015-IBM-Revenue.jpg" width="646" /></a></p> <p><strong>To think that multi-national companies are not complaining to government officials at this very moment is to be fully naïve.</strong> I would not doubt, given where the Treasury Secretary is, if he hasn&rsquo;t been waylaid repeatedly about &ldquo;doing something&rdquo; about that &ldquo;strong dollar.&rdquo; Unfortunately, he cannot come right out and say that corporatism despises it so the administration, like those before, would prefer it sinking like a rock. <strong>Like monetarism, the fiscal side prefers not currency stability but their own, specific brand of instability.</strong></p> <p>They talk about a &ldquo;strong dollar&rdquo; as something that might actually exist, but in this financially-dominated economic reality it doesn&rsquo;t relate. This is why it is so easy for policymakers to say that while openly courting the opposite &ndash; better for IBM, so they believe, not to have to take such negative currency &ldquo;pressure.&rdquo; Secretary Lew might continue to talk about it in the same manner as his predecessors, but <a href="http://www.alhambrapartners.com/2015/01/21/what-is-a-dollar/" target="_blank">the dollar is not what it used to be</a> and neither are the implications of its &ldquo;strength.&rdquo;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="598" height="328" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_ibm.jpg?1422203242" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/about-strong-dollar-corporatism-speaks#comments Davos Reality Switzerland Yen Mon, 26 Jan 2015 01:00:41 +0000 Tyler Durden 500947 at http://www.zerohedge.com The New "Shadow Of The Crisis Has Passed" Normal (In 1 Fact-Ridden Chart) http://www.zerohedge.com/news/2015-01-25/new-shadow-crisis-has-passed-normal-1-fact-ridden-chart <p>If the 'shadow' of the crisis has passed, does that mean the actual 'crisis' is about to appear?</p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_moredepends.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_moredepends_0.jpg" width="600" height="406" /></a></p> <p>&nbsp;</p> <p>Of course, now that the ECB has unleashed QE, everything will be fixed, just like it was when The Fed unleashed QE3...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150122_ECBQE_1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150122_ECBQE_1.jpg" width="600" height="316" /></a></p> <p>&nbsp;</p> <p><em>h/t @Not_Jim_Cramer</em></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="787" height="532" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_moredepends.jpg?1422206697" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/new-shadow-crisis-has-passed-normal-1-fact-ridden-chart#comments fixed Jim Cramer Mon, 26 Jan 2015 00:00:41 +0000 Tyler Durden 500946 at http://www.zerohedge.com Obamacare Website Funneling Private Consumer Data To Private Companies http://www.zerohedge.com/news/2015-01-25/obamacare-website-funneling-private-consumer-data-private-companies <p><a href="http://libertyblitzkrieg.com/2015/01/21/yep-you-guessed-it-obamacare-website-funneling-private-consumer-info-to-private-companies/"><em>Submitted by Mike Krieger via Liberty Blitzkrieg blog</em></a>,</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>Now, the government may step in, at least to ensure consumers are protected. President Obama on Monday proposed a new law called the Personal Data Notification and Protection Act, which would create a basic set of rules for how companies handle their customer information. It also would criminalize international trade in stolen personal identity information.</strong></em></p> <p>&nbsp;</p> <p>From a recent CNET article:&nbsp;<a href="http://www.cnet.com/news/obama-data-breach-plan-has-privacy-advocates-optimistic-cautious/">Obama&rsquo;s Data-Breach Initiative has Privacy Advocates Optimistic, Cautious</a></p> </blockquote> <p>As you may have guessed, as America&rsquo;s Bullshitter in Chief, Barack Obama, parades around talking about the sanctity of consumers&rsquo; personal data, the website that his administration is most responsible for is eagerly leaking private medical data to an unknown number of private firms, including advertisers and data miners. You just can&rsquo;t make this stuff up.</p> <p>From <a href="http://bigstory.ap.org/article/31490a20926d4ed3b98ff2d0ed8fc81d/new-privacy-concerns-over-governments-health-care-website">the <em>Associated Press</em></a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>WASHINGTON (AP) &mdash; <strong>The government&rsquo;s health insurance website is quietly sending consumers&rsquo; personal data to private companies that specialize in advertising and analyzing Internet data for performance and marketing,</strong> The Associated Press has learned.</em></p> <p>&nbsp;</p> <p><em>The scope of what is disclosed or how it might be used was not immediately clear, <strong>but it can include age, income, ZIP code, whether a person smokes, and if a person is pregnant.</strong> It can include a computer&rsquo;s Internet address, which can identify a person&rsquo;s name or address when combined with other information collected by sophisticated online marketing or advertising firms.</em></p> <p>&nbsp;</p> <p><em><strong>The Obama administration says HealthCare.gov&rsquo;s connections to data firms were intended to help improve the consumer experience.</strong> Officials said outside firms are barred from using the data to further their own business interests.</em></p> </blockquote> <p>See it&rsquo;s for your own good! In fact, it&rsquo;s so good for you, that you don&rsquo;t have a choice in the matter. That&rsquo;s how good it is.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>There is no evidence that personal information has been misused. But connections to dozens of third-party tech firms were documented by technology experts who analyzed HealthCare.gov and then confirmed by AP. <strong>A handful of the companies were also collecting highly specific information. That combination is raising concerns.</strong></em></p> <p>&nbsp;</p> <p><em>Albright said HealthCare.gov comports with standards set by the federal National Institute for Standards and Technology. But recent NIST guidance cautions that collecting bits of seemingly random data can be used to piece together someone&rsquo;s identity.</em></p> <p>&nbsp;</p> <p><em>In a recent visit to the site, AP found that certain personal details &mdash; including age, income and smoking habits &mdash; were being passed along,<strong> likely without consumers&rsquo; knowledge</strong>, to advertising and Web analytics sites.</em></p> <p>&nbsp;</p> <p><em>Google said it doesn&rsquo;t allow its systems to target ads based on health or medical history information. &ldquo;When we learn of possible violations of this policy, we investigate and take swift action,&rdquo; the company said in a statement.</em></p> <p>&nbsp;</p> <p><em>Still, the outside connections surprised a tech expert who evaluated HealthCare.gov&rsquo;s performance for the AP.</em></p> <p>&nbsp;</p> <p><strong><em>&ldquo;Personally, I look at this &hellip; and I don&rsquo;t know what is going on between the government and Facebook, and Google, and Twitter,&rdquo; said Mehdi Daoudi, CEO of Catchpoint Systems. &ldquo;Why is that there?&rdquo;</em></strong></p> <p>&nbsp;</p> <p><em>Daoudi&rsquo;s company, Catchpoint Systems,<strong> came across some 50 third-party connections embedded on HealthCare.gov. They work in the background, unseen to most consumers.</strong></em></p> <p>&nbsp;</p> <p><em>The AP replicated the results. In one 10-minute visit to HealthCare.gov recently, dozens of websites were accessed behind the scenes. They included Google&rsquo;s data-analytics service, Twitter, Facebook and a host of online advertising providers.</em></p> <p>&nbsp;</p> <p><em>&ldquo;I think that this could erode &hellip; confidentiality when dealing with medical data and medical information,&rdquo; said Cooper Quintin, a staff technologist with the Electronic Frontier Foundation, a civil liberties group.</em></p> </blockquote> <div> <p>For related articles on the Obamacare boondoggle, see:</p> <p><em><a href="http://libertyblitzkrieg.com/2014/11/10/video-of-the-day-obamacare-architect-credits-lack-of-transparency-and-stupidity-of-the-american-people-for-bills-passage/" rel="bookmark" title="Permanent Link to Video of the Day – Obamacare Architect Credits “Lack of Transparency” and “Stupidity of the American People” for Passage of Healthcare Law">Video of the Day &ndash; Obamacare Architect Credits &ldquo;Lack of Transparency&rdquo; and &ldquo;Stupidity of the American People&rdquo; for Passage of Healthcare Law</a></em></p> <p><em><a href="http://libertyblitzkrieg.com/2014/07/25/obamafraud-gao-study-finds-almost-all-fake-applicants-are-approved-for-subsidized-obamacare/" rel="bookmark" title="Permanent Link to ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare">ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare</a></em></p> <p><em><a href="http://libertyblitzkrieg.com/2014/01/20/computer-security-expert-claims-he-hacked-the-obamacare-website-in-4-minutes/" rel="bookmark" title="Permanent Link to Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes">Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes</a></em></p> </div> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="235" height="203" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_ocare.jpg?1422206163" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/obamacare-website-funneling-private-consumer-data-private-companies#comments Barack Obama Google Obama Administration Obamacare President Obama SWIFT Transparency Twitter Twitter Sun, 25 Jan 2015 23:20:41 +0000 Tyler Durden 500945 at http://www.zerohedge.com Today Athens, Tomorrow Madrid http://www.zerohedge.com/news/2015-01-25/today-athens-tomorrow-madrid <p>The picture that Brussels' bureaucrats are most afraid of...</p> <p>&nbsp;</p> <blockquote class="twitter-tweet"><p>First we take Athens, then we take Madrid <a href="https://twitter.com/Pablo_Iglesias_">@Pablo_Iglesias_</a> <a href="https://twitter.com/hashtag/syriza?src=hash">#syriza</a> <a href="https://twitter.com/hashtag/ekloges2015?src=hash">#ekloges2015</a> <a href="https://twitter.com/hashtag/ChangeEurope?src=hash">#ChangeEurope</a> <a href="https://twitter.com/hashtag/Podemos?src=hash">#Podemos</a> <a href="https://twitter.com/europeanleft">@europeanleft</a> <a href="http://t.co/ZQ413PwDQn">pic.twitter.com/ZQ413PwDQn</a></p> <p>— a.tsipras (@atsipras) <a href="https://twitter.com/atsipras/status/558341855147204610">January 22, 2015</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>While Alexis Tsipras name (and face) are now well known, we suspect few are yet fully aware of Pablo Iglesias, general secretary of Spain's left-wing Podemos party...</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>“<strong>Winds of democratic change are blowing in Europe.</strong></p> <p>&nbsp;</p> <p><strong>The change in Greece is called Syriza, in Spain it’s called Podemos.</strong></p> <p>&nbsp;</p> <p><strong><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_tsipras1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150125_tsipras1.jpg" width="477" height="291" /></a><br /></strong></p> <p>&nbsp;</p> <p>The Hope is coming.</p> <p>&nbsp;</p> <p>Hasta La Victoria. SYRIZA – PODEMOS … Venceremos! ” (Until victory – We will win!“</p> </blockquote> <p>*&nbsp; *&nbsp; *</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="712" height="442" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20150125_tsipras.jpg?1422222039" /> </div> </div> </div> http://www.zerohedge.com/news/2015-01-25/today-athens-tomorrow-madrid#comments Greece Twitter Twitter Sun, 25 Jan 2015 22:45:42 +0000 Tyler Durden 500959 at http://www.zerohedge.com