Another East-Ukraine City Falls To Pro-Russian Protesters As Ukraine Denies Sending Troops To CrimeaSubmitted by Tyler Durden on 03/09/2014 10:04 -0400
Despite clear evidence otherwise, presented here extensively yesterday, this morning Ukraine has denied that is has "plans to send armed forces to Crimea. They are doing their routine work which the armed have always had." Adding somewhat to the confusion was the statement by Pavlo Shysholin, head of country’s border guard service tells reporters in Kiev, who said that so far Ukrainian border guards denied entry to 3,500 people and that Ukraine border troops remain in Crimea, would leave only if "forced" but more importanly: UKRAINE BORDER TROOPS BOOST FORCES ON EAST BORDER: SHYSHOLIN. So there is an escalation in the mobilization, only not toward Crimea, which the Russians already control entirely, but the critical East, which as everyone knows, is the next target for Putin annexation once the Crimean referendum passes in one week. Confirming just this were just released photos from another major city in east Ukraine, this time Lugansk, where pro-Russian protesters just stormed and took over the city administration building. Their demand: to be part of the March 16 referendum to become part of Russia.
For the past few weeks we have seen stock markets surge as macro-economic data has collapsed around the world. The 'excuse' given for this apparent dichotomy - weather. But now it seems "weather" is to blame for other problems in the world too. As Russia Today reports, in its latest Quadrennial Defense Review, the US Department of Defense (DoD), stressed threats to global stability and American hegemony posed by climate change warning that that an erratic climate will likely cause increased “terrorist activity,” among other impacts..."The pressures caused by climate change will influence resource competition while placing additional burdens on economies, societies, and governance institutions around the world...these effects are threat multipliers."
The promise that each generation will be better off than the last is a fundamental tenet of modern society. By and large, most advanced economies have fulfilled this promise, with living standards rising over recent generations, despite setbacks from wars and financial crises. So far, every prediction in the modern era that mankind's lot will worsen, from Thomas Malthus to Karl Marx, has turned out to be spectacularly wrong. Technological progress has trumped obstacles to economic growth. Periodic political rebalancing, sometimes peaceful, sometimes not, has ensured most people have benefited, albeit some far more than others. But past growth performance is no guarantee that a broadly similar trajectory can be maintained throughout this century.
Warning Shots Fired At OSCE Mission In Crimea; Russia Warns Of Treaty Force Majeure Over "Unfriendly NATO Threats"Submitted by Tyler Durden on 03/08/2014 10:21 -0400
Perhaps it is time to finally admit that anyone who thought Putin's Tuesday press conference, which the market so jubilantly assumed was a case of "blinking" and de-escalating tensions with the west, was wrong. If there is still any confusion, following yesterday's news that Gazprom officially threatened Ukraine with cutting off its gas supplies, as well as the storming of a Ukraine base by Russian troops - luckily with no shots fired so far - then today's developments should any remaining doubts. Moments ago AP reported that as the latest, third in a row, group of OSCE inspectors tried to enter Ukraine, they were not only barred from doing so, but warnings shots were fired to emphasize the point by pro-Russian forces.
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).
According to Goldman, the median company’s EV/sales ratio is now the highest in 35 years, surpassing even the dot com bubble.
BREAKING: Crimea TV reporting that Russians have begun storming Ukraine air-force base on the peninsula, ramming the gates with a truck
— Simon Shuster (@shustry) March 7, 2014