APR 1 SIT EC y POL
ZERO HEDGE
Our
Current Illusion Of Prosperity. Submitted
by Tyler Durden on 04/01/2015. Current policy
coming from the Fed seems to be geared to create a never-ending series of
booms and busts, with the hope that the busts can be shortened with more debt
and easy money. Yet one major driver behind the financial crisis in 2008
was too much debt - much of which led to taxpayer-funded bailouts. In spite
of this, the best the Fed can come up with now is to lower interest rates to
boost demand to induce households and governments to borrow even more.
Interfering with interest rates, however, is by far the most damaging
policy. The economy is not a car, and interest rates are not the gas pedal.
Interest rates
play a critical role in aligning output with society’s demand across time. Fiddling
with them only creates an ever-growing misalignment between demand and supply
across time requiring an ever larger and more painful adjustment.
----
What
Happens After A Mega Corporation Raises Its Workers' Wages. Submitted
by Tyler Durden on 04/01/2015. http://www.zerohedge.com/news/2015-04-01/what-happens-after-mega-corporation-raises-its-workers-wages
Here is what happens when mega-corporations such as WalMart
and McDonalds, whose specialty are commoditized products and services and have
razor thin margins, yet which try to give an appearance of doing the right
thing, raise minimum wages. They start flexing their muscles, and in the process
trample all over the companies that comprise their own cost overhead: their
suppliers and vendors. Take the case of WalMart: the world's biggest retailer
"is increasing the pressure on suppliers to cut
the cost of their products, in an effort to regain the mantle of
low-price leader and turn around its sluggish U.S. sales.". [ it also mean cuts in
either quantity or quality .. that we are seeing in many products ]
When WMT (or MCD or GAP or Target) boosts the living
standards of its employees by the smallest of fractions, it cripples the cost and wage structure of the entire
ecosystem of vendors that feed into it, and what takes place is a
veritable avalanche effect where a few cent
increase for the lowest paid megacorp employees results in a tidal wave of layoffs for said megacorp's vendors.
A new CEO Mr. McMillon said,
according to a transcript. “Our pricing strategy is aimed at one objective,
and that is building trust.”
... what he means is that "our
strategy is to remind our vendors that we call all the shots and since we can't cut prices any more, they will have to do it."
Which is another way of saying "deflation"
in compensation, also synonymous for "lower wages for everyone else."
Because now that each of WalMart's suppliers is forced by WMT management to cut
their costs and to be "price competitive", they will either reduce
wages of its own workers or, comparably, force their own suppliers to
reduce pricing, and so on, until ultimately the entire economy is gripped in wage
deflation. Which also means that Obama, should start realizing that
it is not minimum wage that he should be focusing on but maximum
hours as explained before
When faced with what now appears certain sliding wages
across a deflating US economy, not even Obama will be able to come up with
mutually offsetting executive orders fast enough to fix what is now a runaway
train on a collision course.
In fact, the only winner here, once again, will be the banks who will continue to fabricate, spin and perpetuate the lie that the only thing that can fix the next
wave of declining wages is, as always, QE - QE whose only intention and
purpose is to steal from the poor and middle class and give to the 0.01%.
----
The
Fed's Big Problem: "De-Risking A Bull Market Is Very Different From
De-Risking A Bear Market". Submitted by Tyler
Durden on 04/01/2015. No one thinks this market is real. Everyone
believes that it’s a by-product of outrageously extraordinary monetary policy
actions rather than the by-product of fundamental economic growth and
productivity, and what the Fed giveth … the Fed can taketh away. This is a
big problem for the Fed, as their efforts to force greater risk-taking in
markets through LSAP and QE (and thus more productive risk-taking, or at least
inflation, in the real economy) have failed to take hold in investor hearts and
minds. Yes, we’re fully invested, but only because we have to be. To
paraphrase the old saying about beauty, risk-taking is only skin deep for today’s
investor, but risk-aversion goes clear to the bone. It’s also the root of our
current advisor-investor malaise. De-risking a bull market is a very
different animal than de-risking a bear market. And neither is the same as
diversification.
----
5
Charts Which Show That The Next Economic Crash Is Dead Ahead. by
Michael Snyder via The Economic Collapse blog, Submitted by Tyler
Durden on 04/01/2015. When an economic crisis is coming, there are
usually certain indicators that appear in advance...
For example, commodity prices usually start to plunge before
a recession begins. And as you can see from the Bloomberg Commodity Index
which you can find right here, this
has already been happening. In addition, I have previously written about how the U.S. dollar
went on a great run just before the financial collapse of 2008. This is
something that has also been happening over the past few months. ..
We can look back over history and see patterns that keep
repeating. And a lot of the exact same patterns that happened just before
previous stock market crashes are happening again right now. For example, let’s
talk about the price of oil. There are only two times in history when the
price of oil has fallen by more than 50 dollars in a six month time period. See charts..
As a result of crashing oil prices, we are witnessing oil
rigs shut down in the United States at a blistering pace. In fact, almost
half of all oil rigs in the U.S. have already shut down. The
following commentary and chart come from Wolf Richter…
In recent years, Wall Street banks have made a massive
amount of money packaging up energy industry loans, bonds, etc. and selling
them off to investors. If that sounds similar to the kind of behavior that
preceded the subprime mortgage meltdown, that is because it is.
At the same time, we are also witnessing a slowdown in global
trade. .. it is so alarming that the total volume of global
trade in January was down 1.4 percent from December. According to Tyler Durden of Zero Hedge,
that was the largest drop since 2011…
We are seeing some troubling signs in the U.S. as well.
I shared the following chart in a previous article, but it bears
repeating. It comes from Charles Hugh Smith, and it shows that new orders
for consumer goods are falling at a rate not seen since the last recession… see graphics.. .
Well, what about the stock market? It was up more
than 200 points on Monday. Isn’t that good news?
Yes,
but the euphoria on Wall Street will not last for long. When
corporate earnings per share either start flattening out or start to decline,
that is a huge red flag. We saw this just prior to the stock market crash
of 2008, and it is happening again right now. The following commentary
and chart come from Phoenix Capital
Research…
And guess what?
According to CNBC, a lot of the “smart money” is pulling
their money out of the stock market right now while the getting is good…
It doesn’t matter if you are a millionaire “on paper” today.
What matters is if the money is going to be there when you
really need it.
At the moment, a whole lot of people have been lulled
into a false sense of complacency by the soaring stock market and by the bubble
of false economic stability that we have been enjoying.
But under the surface, there is a whole lot of turmoil
going on.
Those that are looking for the signs are going to see the
next crisis approaching well in advance.
Those that are not are going to get absolutely blindsided by
what is coming.
Don’t let that happen to you.
----
The
Committee To Destroy The World. Submitted by Tyler
Durden on 04/01/2015. Now we can see the real tragedy of negative interest
rates: they not only have the perverse effect of reversing the flow of time,
but they demonstrate that borrowers are not acting with the good faith
incentives normally associated with someone who needs money. Rather than paying
forward, borrowers are paying backwards because they are effectively trying to
return something they don’t want. Such an arrangement renders it impossible for
an economy to grow. By destroying the temporal and moral structure of money,
negative interest rates destroy the economy. When tomorrow cannot be paid, the
current regime must fail. The only question to be determined is the form that
failure will assume. This may sound like philosophy but it is cold, hard
reality.
----
The
Two Most Important Numbers Of The First Quarter. Submitted by Tyler
Durden on 04/01/2015. Now we can
see the real tragedy of negative interest rates: they not only have the
perverse effect of reversing the flow of time, but they demonstrate that
borrowers are not acting with the good faith incentives normally associated
with someone who needs money. Rather than paying forward, borrowers are paying
backwards because they are effectively trying to return something they don’t
want. Such an arrangement renders it impossible for an economy to grow. By
destroying the temporal and moral structure of money, negative interest rates
destroy the economy. When tomorrow cannot be paid, the current regime must
fail. The only question to be determined is the form that failure will assume.
This may sound like philosophy but it is cold, hard reality.
----
Iceland
Stuns Banks: Plans To Take Back The Power To Create Money. Submitted by
Tyler
Durden on 04/01/2015. Who knew that the revolution would start with those
radical Icelanders? It does, though. The ruling Progress Party, issued a report
today that suggests taking the power to create money away from commercial
banks, and hand it to the central bank and, ultimately, Parliament.
----
Calamitous Consequences. Submitted by Tyler Durden on 04/01/2015. Is it possible that capitalism’s underlying focus on profits, and the necessity for endless purchases of goods and services, has a practical limit? . http://www.zerohedge.com/news/2015-04-01/calamitous-consequences
EXPLANATION: It is quite
possible that future developments in capitalism will have profound and on-going
influence on markets and valuations. Let me first go on record and say that in
the 135 years since Marx’ death, capitalism has been the single greatest engine
for human advancement. It
has certainly been an outstanding way to organize the production and
distribution of goods and services. Its free-market structure encouraged
innovation, leading to new methods and products whose technological
advancements allowed for globalization and the general shrinking of the
world. Entrepreneurship aided improvements to health and education, and
was the cornerstone to economic progress. No other social construct in history
has done more to advance the human condition, or lift more people out of
poverty, than capitalism.
A capitalist structure’s main quest is to ensure the real
appreciation of capital. Corporate
leaders are incentivized to maximize shareholder value at almost any cost: the
best means is to increase output per hour worked (productivity).
Can this be sustained forever?
Marx exposed the
inherent contradictions where he believed that weak aggregate demand leads to
workers not being hired in an endless loop causing capitalism to ultimately
self-destruct. Is it possible that capitalism’s underlying focus on
profits, and the necessity for endless purchases of goods and services, has a
practical limit?
The necessity for growth has led to over-capacity, which
has been a root cause of deflation, and one driver of the Fed’s futility. QE and ZIRP
(Zero Interest Rate Policy) have only served to turbo-charge this loop. Going
forward, markets will have to contend with servicing the large amounts of debt
created under ZIRP. High levels of indebtedness require a minimum
degree of economic growth just to ensure debt-servicing is possible.
There are currently profound and complicated
relationships between, capitalism and inequality, between labor and capital, and
between governments and its citizenry. Social tensions are swelling between: business owners and workers, voters
and politicians, rich and poor, old and young, and amongst
countries. Tensions are spurring general resentment, nationalism,
and religious vehemence.
The question becomes
how will these tensions be resolved? Feelings of inequality and
injustice are constraints on economic growth that ultimately affect everyone
negatively with the potential for calamitous consequences. Easy
solutions do not exist. Eradication of US inequality, for instance, will
require more than redistribution and wealth transfer policies, especially since
the US system is already progressive and steep in subsidies. At an
extreme, they risk making everyone worse off.
As Paul Tudor Jones said during
his ‘Ted Talk’, these conditions typically lead to “war, revolution, or higher
taxes”. Maybe the early warning signs before those
occur are organized protests, police backlash, racial tensions, currency wars,
protectionism, voter backlash, rise of fringe political parties, Sunni/Shia
tensions, and ‘Arab Spring’ (etc.)
Maybe central banks simply cannot afford to have market interest
rates rise too high due to the cost of debt servicing extreme levels or global
indebtedness; and due to terrible demographics in developed world
economies.
---
Maybe corporate revenue growth will be challenged for
decades to come.
---
Maybe the mindset of maximizing profits at all costs has a
practical limit.
---
Maybe for capitalism to survive peacefully, the perceived
divide - between wages and profits and labor and capital - needs to shrink and
unite (hurting profit margins).
Central bank’s
powering risk assets higher may no longer be possible. Higher prices may
only be achievable through elusive economic growth. Maybe bonds just
aren’t as bubble-like as pundits claim. Maybe it is equities (and forward
earnings estimates) that have greater bubble-like characteristics.
“If
you drive a car, I’ll tax the street
If you try to sit, I’ll tax your seat
If you get too cold, I’ll tax the heat
If you take a walk, I’ll tax your feet”
The Beatles
----
4
Dead In Pemex Oil Platform Explosion, Hundreds Evacuated. Submitted by Tyler
Durden on 04/01/2015. [ TWO BIRDS IN ONE SHOOT?
.. oil business prosperity here and political debacle over there.. is that possible by chance?.. Check this: Production
Cut Sparks Crude Rally As Inventory Rise Reaches Longest Streak On Record,
.. So, Pemex revamp & survival
depends on US investors? ]
----
The
"Mysterious" Source Of Surging Demand For GM Cars, Revealed. Submitted by Tyler
Durden on 04/01/2015. Thanks to recently disclosed data, we now know that
"once a Government Motors, always a Government Motors",
because just the first quarter of 2015, the average annual increase in sales
to Uncle Sam, aka the Government was a whopping 24%, just about
100% higher than GM's headline rate of sales increase!
----
Central
Banking Refuted In One Blog - Thanks Ben!. Submitted by Tyler Durden on 04/01/2015. Blogger Ben’s work
is already done. In his very first substantive post as a civilian he gave
away all the secrets of the monetary temple. The Bernank
actually refuted the case for modern central banking in one blog. The
truth is the real world of capitalism is far, far too complex and dynamic
to be measured and assessed with the exactitude implied by Bernanke’s
gobbledygook. In fact, what his purported necessity for choosing a
rate “somewhere” actually involves is the age old problem of socialist
calculation.
----
It's
Official: Fed Sees 0.0% GDP Growth In The First Quarter. Submitted by Tyler
Durden on 04/01/2015. The Atlanta Fed's GDPNow model forecast for real GDP
growth (seasonally adjusted annual rate) in the first quarter of 2015 has been
downgraded once again... to 0.0 percent on April 1, down from 2.3
percent on Feb, Friday 13th,
2015.
----
Hillary
Clinton Caught In Another Lie. Submitted by Tyler
Durden on 04/01/2015. [ Get the point.. what these lies were useful for?.. who
benefit and who was & is hurt from them? .. Will this be enough to put down
both mafias (democrats & republican) or is this a zero sum game .. the
space she got, she took it from her
rivals or theState-Nation .. from whom? .. and how is this? .. Does this
includes the killing of the US Ambasador & 3 staff members in Libya?..]
----
WTI
Crude Tops $49.50 After Iran Talks Reportedly "Paused". Submitted
by Tyler Durden on 04/01/2015. Crude oil prices
continue to push higher. Following the earlier drop in US crude production this
week and PEMEX oil rig fire, we now have more substantive headlines from
Switzerland:
*IRAN TAKES PAUSE IN TALKS, NO DOCUMENT SEEN TODAY: TASS
CITES UNIDENTIFIED EUROPEAN DIPLOMAT
Of course, one wonders who really wants a deal now...
with over-supply already a problem, any sanctions-lifting would boomerang back
to US Shale firms and further destabilize the illusion of recovery in America.
----
A
Shocking Admission: "The Federal Reserve Is A Criminal Conspiracy".
Submitted by Tyler Durden on 04/01/2015. "If
you’re incompetent, you can’t know you’re incompetent. [...] the skills you
need to produce a right answer are exactly the skills you need to recognize
what a right answer is."
----
Here
Is The "Rate Hike Decision" Waterfall Analysis Goldman Gave To The
Fed. Submitted by Tyler Durden on 04/01/2015 [this look like
passenger screaming’s caught on a phone from the Germna plane that crashed
recently “The scenes seen on the video were chaotic
and very wobbly, said Bild, adding,
screams and shouts of "My God" in various languages could be heard,
indicating the passengers knew what was happening.” FROM Bild
Reports On "Indisputably Authentic" Video Of Germanwings Final
Moments
At this critical time to the Fed's rate hike decision, it
was none other than Hatzius who moments ago schooled the Fed during the "20th
Annual Financial Markets Conference: Central Banking in the Shadows: Monetary
Policy and Financial Stability Postcrisis."
Reuters reported the big picture: Jan Hatzius said on
Wednesday he believed the Federal Reserve will likely raise interest rates late
this year or early next year, given the amount of slack still present in the
labor market.
Hatzius, speaking on a panel here
at an Atlanta Federal Reserve Bank event, said his view on the timing reflected
a significant amount of slack still in the labor market and weak wage growth.
"My own view is that it's not
yet time. Certainly not high time yet," Hatzius said, adding that
Goldman's forecast for the first hike is for September.
"My opinion in terms of when
monetary policy ought to be tightened is very late this year, or early next
year."
Which is precisely what he does in the presentation he
delivered earlier today titled "Hiking
Rates in the Name of Financial Stability."
Here is the punchline: Goldman's waterfall analysis on what
the Fed should think about as it is about to announce a rate hike: see above graphics
And while Goldman is ok with layer 1 through 4, the one
place that Hatzius tells the Fed to hold back on is item #5: "It the
macroeconomy ready?" Goldman's answer: it may not be ready yet.
- While some job market measures such as job openings and headline unemployment have tightened a lot, broad measures such as U6 and E/P still show substantial slack.
- The continued weakness of nominal wage growth supports a focus on broad as opposed to narrow slack measures.
- Core inflation remains well below the 2% target, and only some of this is explained by oil and dollar pass-through.
- The risks to global growth and inflation remain on the downside.
- At the ZLB, hiking too early is riskier than hiking too late.
What is left unsaid that the one place that currently is
most at risk from an "early" rate hike (because 7 years of ZIRP is
clearly not enough) is Goldman's 2015 bonus pool.
----
Production
Cut Sparks Crude Rally As Inventory Rise Reaches Longest Streak On Record,
Submitted by Tyler Durden on 04/01/2015. Following
last night's pump'n'dump after API inventories exceeded expectations (5.2mm
vs 4.2mm exp.), WTI crude prices have dropped to almost a $46 handle and
recovered as chatter of "no deal" from Switzerland picks up. DOE
reports a 4.766mm barrel build, greater than expected, for the 12th week in
a row - the longest streak since records began in 1982. Crude prices are
however surging as production dropped wekk-over-week for only the 2nd time this
year...
----
Greek
Fears, Weak Data Send Gold Surging Over $1200. Submitted by Tyler Durden on 04/01/2015. A combination of
Greek default fears rising (safety reach) and considerably weaker than expected
data (moar easing) has sparked a $20 surge in gold prices this morning, back
above $1200... [gold boom = USD crash nears? .. is that true? ]
----
ISM
Manufacturing Tumbles To 22-Month Lows, Longest Losing Streak Since Lehman. Submitted by Tyler
Durden on 04/01/2015. US Manufacturing PMI beat expectations,
printing 55.7 up from 55.3 prior to its highest since Oct 2014, once again flying
in the face of the collapse in US hard-data-base macro. Under the covers, it is even uglier with the
lowest New Orders since Jan 2014 as US Manufacturing data has missed 5 of the last
7 months and dropped for 5 months in a row - which hasn't happened since
2008.
----
Greece
Hints At Default, Russian Pivot:"Will Not Respect IMF Deadline" -
What Happens Next. Submitted by
Tyler
Durden on 04/01/2015. Update: GREECE GOVT DENIES PLAN TO DELAY
APRIL 9 IMF PAYMENT: REUTERS
For now the algos
can't decide if Greece is joking about making the payment or joking about not
making the payment.
----
Yemen
On Verge Of "Total Collapse" As Civilian Casualties, Ground Invasion
Calls Mount. Submitted by Tyler
Durden on 04/01/2015. "The country seems to be on the verge of total
collapse," the UN says, citing civilian deaths and children in
"desperate need." Meanwhile, Saudi and Houthi troops are engaged
in "heavy" border clashes as the coalition continues its bombing
raids.
----
Obama
Dictates National "Cyber Security" Emergency. Submitted by Tyler
Durden on 04/01/2015. It's business as usual in Washington. President Obama
has just signed another Executive Order declaring a National Emergency to deal
with cyber threats:
*OBAMA ORDER CREATES NEW AUTHORITY TO RESPOND TO CYBER
THREATS TO BE USED IN 'TARGETED MANNER'
*OBAMA ORDER ALLOWS SANCTIONS FOR CYBER THREATS
*OBAMA ORDER ALLOWS SANCTIONS FOR CYBER THREATS
This new authority,
yet another layer of government oversight, we are sure is for your own
protection and in Obama's words will "augment work to fight cyber
threats." All your internet is belong to us...
----
Treasury
Yields Are Tumbling Post-ADP. [If ADP stands for Automatic Data Processing]. Submitted
by Tyler Durden on 04/01/2015. 30Y yields are back
below 2.50% - the
lowest level since last Thursday's yield-ramp (following consecutive weak
auctions) - as ADP data showed a lot less exuberant escape-velocity-ness
than expected. The entire bond complex is seeing yields tumble post-ADP,
extendionb the drop from the overnight session which did not bounce back like
stocks... http://www.zerohedge.com/news/2015-04-01/treasury-yields-are-tumbling-post-adp
----
ADP
Employment Misses By Most In 4 Years, Lowest In 14 Months. Submitted by Tyler
Durden on 04/01/2015. ADP EMPLOYMENT CHANGE:
After missing expectations in a dismally weak February print, March turned out
even worse. Despite Mark Zandi's reassurances that Feb was a weather-related
blip, March ADP employment change was a mere 189k (against expectations of
225k) dropping to its lowest since January 2014. Large business hiring was the worst, adding a
mere 19k. Zandi said in Feb that "jobs growth is strong but
slowing," but now it appears weak and accelerating lower. And the now
recurring punchline: manufacturing jobs -1,000. http://www.zerohedge.com/news/2015-04-01/adp-employment-misses-most-4-years-lowest-14-months
----
Greek
FinMin: "Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us A
Deal". Submitted by Tyler
Durden on 04/01/2015. While Greece’s lenders are pushing the Greek
government to accept their terms in order to allocate funds so the country will
not go bankrupt, Greek Finance Minister Yanis Varoufakis seems to have
another ace up his sleeve. The second top thinker in the world according to prospect magazine
surprised even his closest aids at a secret meeting when he said “We ‘ve
had enough, we ‘ll run on Bitcoin.”
According to a
source close to the Greek Prime Minster the Finance Ministry is planning to
hold free special seminars for all Greek citizens on how to use the
Bitcoin. As of today a forum on the Bitcoin and its use has been set up in
Greek here.
It is expected that the Greek Economy will be running on Euro and Bitcoin
simultaneously at least for one year until all citizens get familiar with the
use of the digital currency.
The next crucial
Eurogroup for Greece’s future should be held in the next two weeks.
* * *
***
[what about frauds by hackers on the users of Bitcoins? ]
---
----
Submitted by Tyler
Durden on 04/01/2015 - 07:26
- Oil holds around $55 as Iran nuclear talks drag on (Reuters)
- Bob Diamond’s African Banking Venture Runs Into Problems (WSJ)
- Iran Nuclear Talks Resume With Lavrov Saying Deal at Hand (BBG)
- Wal-Mart Ratchets Up Pressure on Suppliers to Cut Prices (WSJ)
- Renegades of Junk: The Rise and Fall of the Drexel Empire (BBG)
- Explosion at Yemen factory kills at least 25: residents, medics (Reuters)
- Macerich Rejects Simon Property’s $16.8 Billion Takeover Bid (WSJ)
- Reckoning Arrives for Cash-Strapped Oil Firms Amid Bank Squeeze (BBG)
====
PRESSTV
Gunmen
raid pres. palace in south Yemen. Thu Apr 2, 2015 Suspected al-Qaeda
militants attack separate government buildings in Yemen’s port city of
al-Mukalla.
----
‘182
Palestinian kids in Israeli jails’. Thu Apr 2, 2015 A new report says
182 Palestinian children were in Israeli jails at the end of February.
----
HRW
slams Bahrain over jail conditions. Thu Apr 2, 2015 Human Rights Watch
(HRW) demands that Bahraini regime allow inmates at the notorious Jaw Prison to
contact their families.
----
UK
firms tied to rights abuses abroad. Thu Apr 2, 2015 5:58AM . A new
report warns that hundreds of British firms operating overseas may be
implicated in human rights abuses.
----
‘Ball
in US’s court in Iran nuclear talks’. Thu Apr 2, 2015 A political
analyst says Iran has shown an enormous amount of flexibility in nuclear talks
and now the ball is in the US’s court to make key decisions.
----
US,
Israel test new missile system. Thu Apr 2, 2015 The US and Israel
announced on Wednesday that they had successfully tested a new missile system
through a barrage of tests.
----
UN
hails Iraq victory over ISIL in Tikrit. Thu Apr 2, 2015 The UN praises
Iraqi forces for the recapture of the strategic city of Tikrit from Takfiri
ISIL militants.
----
Greeks
hold anti-austerity rallies. Thu Apr 2, 2015 Hundreds of Greek
pensioners hold anti-austerity protests in several cities across the country.
----
‘25k
foreign terrorists mostly in Iraq, Syria'. Thu Apr 2, 2015 Over 25,000
militants have joined al-Qaida and ISIL Takfiri terrorists in Iraq, Syria, and
other countries, a report says.
----
Russian
consulate bombed in Yemen’s Aden . Wed Apr 1, 2015 Saudi-led coalition
airstrikes damage the Russian consulate in the Yemeni city of Aden.
----
Iraq
rejects Saudi onslaught on Yemen. Wed Apr 1, 2015 Iraqi foreign
minister has condemned the Saudi military aggression against Yemen as
“unacceptable.”
----
US
stocks fall for 2nd day in a row. Wed Apr 1, 2015 Stocks in the United
States fall for the second consecutive day due to disappointing US data that
has caused concerns about economic growth.
----
Issues
still linger in Iran N-talks: Zarif. Wed Apr 1, 2015 Iran’s Foreign
Minister Zarif says there are still issues that need to be resolved in talks
over Tehran’s nuclear program.
----
US irony of policing nuclear energy. Wed Apr 1, 2015 It is “ironic” that the United States is “policing” which countries may get the potential for nuclear weapons.
----
EU
condemns Saudi attacks on Yemen. Wed Apr 1, 2015 EU foreign policy
chief condemns attacks on basic infrastructure, hospitals, and homes in Yemen.
----
Mexico
oil platform fire kills 4. Wed Apr 1, 2015 A fire at an offshore oil
platform in the Gulf of Mexico kills at least 4 worker and injures 16 others.
----
‘IMF
won’t let Chinese money in its basket’ Wed Apr 1, 2015 China’s yuan
does not qualify to join the currency basket of the International Monetary
Fund, says US. [ IMF have not voice in their funeral .. ]
----
‘Tikrit
recapture major blow to ISIL’. Wed Apr 1, 2015 A commentator says the
liberation of Tikrit is a major blow not only to ISIL but also to all terrorist
organizations in the Middle East.
----
US
hegemony hinders Iran nuclear talks. Wed Apr 1, 2015 The “hegemonial” policies of the United States and the
influence of the Israel lobby are hindering the nuclear talks with Iran, Gareth
Porter says.
----
‘Deal
to unlock Iran’s huge econ. potential’. Wed Apr 1, 2015 A nuclear deal
between Tehran and the P5+1 countries will unleash Iran’s economic powers, says
report.
----
‘Tikrit
recapture shows Iraqis resolve’. Wed Apr 1, 2015 A commentator says the
liberation of Tikrit shows the Iraqi forces have a strong determination in
their anti-ISIL fight.
----
UK
economic growth lowest since WWII. Wed Apr 1, 2015 Experts slam the
coalition government for low economic growth since the Second World War. [la pimpocracia UK no fuanciona .. solo
funcionara cuando los Falklands sean retornados a Argentina .. si no ocurre
eso.. se viene una tormenta de non-official sanciones contra UK companies y no
solo in South America .. y funcionara si a la juventud se les da trabajo decente, empezando por la
estudiantes mujeres que tienen que dedicarse a la prostitución para sobrevivir
.. darles trabajo a ellos significa cortar la explosiva desigualdad y eso significa imponer impuestos a lo super-magnates
banqueros y los que se dedican a fabricar armas .. esto no da trabajo .. eso
genera desplazamiento tecnológico de oportunidades de trabajo y aumentar el
mercenarismo terrorista ]
----
‘Al
Saud to pay dearly for Yemen war’ . Wed Apr 1, 2015 A commentator says
the aggression against Yemen is a “failed strategy” and the Saudis will pay
dearly for the assault. [everybody knows what is the solution then..]
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Yemenis
in Iran protest Saudi-led war. Wed Apr 1, 2015 Yemeni nationals in Iran
take to the streets to voice their outrage at the ongoing Saudi-led strikes
against Yemen.
----
‘US
backing Saudi Yemen aggression’Wed Apr 1, An activist says Saudi Arabia
is carrying out airstrikes against Yemen using weapons provided by the United
States.
----
‘BAE
boss must resign from BBC Trust’ Wed Apr 1, 2015 Campaigners warn that BBC must
sever ties with BAE System as the Europe’s largest arms firm.
----
Iran
urges swift UN action on Yemen. Wed Apr 1, 2015 Iran urges the UN to
take swift action against the Saudi-led military aggression on Yemen.
----
US
allies rush to Chinese-led bank. Wed Apr 1, 2015 US allies apply to
join China’s AIIB to the dismay of Washington.
----
‘No
deal without removal of sanctions’, Wed Apr 1, 2015 Iran reiterates
that a potential nuclear deal with the P5+1 should guarantee the removal of all
sanctions.
----
Oil
falls on talks of looming Iran N-deal Wed Apr 1, 2015 Talks of a
looming Iranian nuclear accord with the P5+1 countries push crude prices down.
----
Palestinians
formally join ICC. Wed Apr 1, 2015 Palestinians formally join the
International Criminal Court (ICC), a membership that enables Palestinians to
sue Israeli officials for war crimes.
----
Iran
urges anti-terror bid in Syria. Wed Apr 1, 2015 A senior Iranian
official calls for a serious collective campaign aimed at ending terrorism in
Syria.
----
ALAINET.org y REBELION
El mundo se prepara para colapso del
dólar. Manuel
E. Yepe
----
“El neoliberalismo hoy es una
paradoja que desdibuja la frontera entre arriba y abajo, explotación y
resistencia” Entrevista a Verónica Gago, autora de
"La razón neoliberal"
----
El MAS de Evo derrotado en las
elecciones territoriales. Nuevo escenario politico?
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La manipulación de Argentina. Claudio Katz
----
El futuro de África lo siguen
decidiendo los ricos en Londres. Imperio y colonialismo
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GLOBAL
RESEARCH
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INFORMATION
CLEARING HOUSE
Who
Spies for Israel in Washington’s Nuclear Negotiations?
By James Petras
The failure of the Obama regime to go after its own State Department officials acting as agents for Israel; and its refusal to identify, arrest, prosecute and sentence high-level spies within the Cabinet have severely compromised the sovereignty of the United States.
By James Petras
The failure of the Obama regime to go after its own State Department officials acting as agents for Israel; and its refusal to identify, arrest, prosecute and sentence high-level spies within the Cabinet have severely compromised the sovereignty of the United States.
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No One Is
Free Until All Are Free
By Chris Hedges
The primacy of personal pleasure obtained at the expense of others is the defining characteristic of a civilization in its death throes.
By Chris Hedges
The primacy of personal pleasure obtained at the expense of others is the defining characteristic of a civilization in its death throes.
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