APR 17 SIT EC y POL
ZERO HEDGE
One
Last Look At The Real Economy Before It Implodes - Part 5. by
Brandon Smith via Alt-Market.com, (click here for Part
1, Part
2, Part
3, and Part
4). Submitted by Tyler
Durden on 04/17/2015. The endgame has indeed arrived. At the very
least, the international elites seem to think success is within their grasp,
for they now openly expose their own criminality. But they do so in a way that
attempts to divert blame or to rationalize their actions as being for the
"greater good." All signs and evidence point to what the IMF calls
the "great global economic reset.”" The plans for this reset do
not include U.S. prosperity or a thriving dollar.
The criminals are coming into the light, and they are
wearing the masks of saviors.
Alan Greenspan is now suddenly a staunch promoter of
economic caution, warning that “something big … a significant market event …”
is about to happen, and that gold is now a good investment as opposed to the
dollar.
Janet Yellen has openly conceded that cash is not a
convenient store of value.
Jamie Dimon is getting in on the prognosticator action,
asserting that another financial crisis is coming.
The IMF now consistently warns of “shadow banking risks” bringing disaster to the economic
environment.
The World Bank has been
polite enough to warn the public that “now is the time to prepare for the next
crisis.”
The BIS now produces statements on a regular basis predicting a
possible “violent reversal of global markets,” just as it conveniently alerted the public to the possibility of credit collapse in
2007 right before the derivatives crisis.
Literally every elitist and his drunken uncle now
publicly discuss the danger of another market crash. I
would like to point out, though, that banker warnings of volatility and
crisis are generally given far too late for average people to act accordingly.
… All signs and evidence point to what the IMF calls the “great global economic
reset.” The plans for this reset do not include U.S. prosperity or a thriving
dollar. http://www.zerohedge.com/news/2015-04-17/one-last-look-real-economy-it-implodes-part-5
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Putting
The Real Story Of Energy & The Economy Together. Submitted by Tyler
Durden on 04/17/2015. What is the real story of energy and the economy?
We hear two predominant energy stories. One is the story economists tell: The
economy can grow forever; energy shortages will have no impact on the economy.
We can simply substitute other forms of energy, or do without. Another version
of the energy and the economy story is the view of many who believe in the
“Peak Oil” theory. According to this view, oil supply can decrease with only
a minor impact on the economy. The economy will continue along as before,
except with higher prices. These higher prices encourage the production of
alternatives, such wind and solar. At this point, it is not just peak
oilers who endorse this view, but many others as well. In our view, the real
story of energy and the economy is much less favorable than either of these
views.
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Is
The Student Debt Bubble About To Witness Its 2007 Moment?. Submitted by Tyler
Durden on 04/17/2015. Moody's puts $3 billion in student debt-backed ABS on
default watch leading us to wonder when 30% delinquency rates in a market where
nearly $1.3 trillion in credit has been extended will finally result in the
bursting of what is America's most spectacular debt bubble.
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300
US Paratroopers Arrive In Ukraine After Russia Says Its Missiles Will Target
NATO Member States. Submitted
by Tyler Durden on 04/17/2015. "About 300
paratroopers, from the 173rd Airborne Brigade, arrived at the International
Peacekeeping and Security Center, April 14 - 15, to begin a six-month training
rotation with Ukrainian national guard forces."
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Did
WalMart Close A California Store To Punish Employees Who Protested Wages And
Working Conditions?. Submitted
by Tyler Durden on 04/17/2015. Presenting the
history of the Pico Rivera WalMart store which was closed as part of the
company's mysterious, nationwide "plumbing" problem. Could the
closure be related to the location's history of protests against low wages,
poor working conditions, and retaliation? Read and decide for yourself...
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Men Go Mad In
Herds. Submitted by Tyler
Durden on 04/17/2015. by
Jim Quinn via The Burning Platform blog. [This
is about global recession. Case in point: China. Moraleja: mal de todos,
Consuelo de tontos]. Central bankers in the U.S., Europe and Asia
have created another massive bubble. This time it is a bubble in stocks, bonds
and real estate simultaneously. There is no place to hide. But we’d put my
money on war, chaos, and revolution. There will be no impunity for our
gambling.
The Chinese real
estate bubble has been imploding for the last year. The Chinese economy is
barely growing at 1.6% after decades of 10% growth. There are millions of
unoccupied condos. There are dozens of ghost cities and empty office towers.
It’s the most corrupt nation on earth. We are in the midst of a global
recession.It’s pure madness that the Chinese stock market would soar when its
leading economic indicators crash to 2008 lows.
“Nations, like individuals, cannot become desperate gamblers with
impunity. Punishment is sure to overtake them sooner or later.” ? Charles Mackay
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Congress
Is Trying To Reauthorize Key Patriot Act Provisions by Sneaking it Into 'USA
Freedom Act'.Submitted by Tyler
Durden on 04/17/2015. June 1, 2015 is a very important day for American
civil liberties and the Constitution. On that day, Section 215 of the
Patriot Act, one of the most egregious pieces of legislation passed in U.S.
history, will expire automatically without reauthorization from Congress.
Naturally, this is causing a panic attack within the heart of the NSA, FBI and
all the authoritarian lackey legislators in Washington D.C. With the chances of
a clean reauthorization next to none, these crafty “representatives” and
their puppeteers need to figure out a way to sneak it into another piece of
legislation. What better way to do this than making it a part of something
that ostensibly appears to be reining in surveillance powers. Enter the USA
Freedom Act.
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China's Bursting Bubble + Grexit Trouble = Dow Rubble. Submitted by Tyler Durden on 04/17/2015.
The Straw ... meet camel's back... [Listen audio] Link location: http://twitter.com/StockCats/status/589154559366275073/photo/1
Before we start, it is perhaps worth noting that the US
equity market is now the worst performing asset YTD (beaten by gold,
credit, bonds, and oil)... see graphic
Year-to-Date, Trannies are ugly, The Dow just went
red then was liofted to close pefectly unchanged YTD, and the S&P is up
less than 1%... see graphic
Dow 17823 was what mattered - MUST KEEP GREEN STOCKS YTD
DREAM ALIVE... see graphic
Big down day in stocks started with Chinese regulators
cracking down, continued through Europe with BBG down, pushed further on Grexit
fears, then legged lower on DoJ anti-trust news... see graphic
On the day, Nasdaq came under pressure from AAPL weakness
and Trannies outperformed (Dow lost 18,000; S&P lost 2,100; Nasdaq
lost 5,000) and all that with a handful of hopeful Greek headlines which typically
would have sent algos rushing higher...
see graphic
On the week... everytthing ended clumped together around
1-1.5% lower.... see graphic
Futures volume was huge compared to recent averages... see graphic
How many more times are stocks going to pump'n'dump back to
bond reality? See graphic
Another whipsaw day in bond yields and another down day for
yields ending the week 6-11bps lower (with the long-end outperforming today)...
Everey bond selloff is met by buying...
see graphic
The dollar slipped once again - the first 4 day losing
streak in a year (since April 10 2014) - the streak of buying and selling
swings intraday continues also... see
graphic
This is the 2nd worst week for the USD since October
2011
Despite the USD weakness, gold and silver lost ground on the
week (Gold held $1205) but copper popped and crude soared... see graphic below
WTI Crude had its biggest week since Feb 2011 surgiung
8.75% to close above $56 for the first time in 2015... see graphic
Charts: Bloomberg
Bonus Chart: US Macro data has printed a new low this
week... see graphic
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"We're
All Frogs In Boiling Water" Santelli Says After Lacy Hunt Warns "This
Is Far From Over". Submitted by Tyler
Durden on 04/17/2015. Global debt has expanded by $35 trillion since
the credit crisis and as Lacy Hunt exclaims, "that's a net negative,
debt is an increase in current consumption in exchange for a decline in future
spending and we are not going to solve this problem by taking on more and
more debt." "This process is far from over,"
Hunt concludes, "rates will move irregularly lower and will remain
depressed for several years." Santelli sums up perfectly,
"we're all frogs in boiling water," as we await the consequences of
central planning.
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Well
That's Never Happened Before - Exhibit 1. Submitted by Tyler
Durden on 04/17/2015. We have never, ever, seen the US equity market so disconnected
from underlying macro fundamentals. See graphic.
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The
ECB Is Considering A Parallel Greek Currency. Submitted by Tyler
Durden on 04/17/2015.
Today, to our dismay, we find that the ECB has not only
considered a "parallel currency" alterantive but for Greece this may
be a reality before long. According
to Reuters, the ECB "has analyzed a scenario in which Greece runs
out of money and starts paying civil servants with IOUs, creating a virtual
second currency within the euro bloc, people with knowledge of the exercise
told Reuters." "The fact is we are not seeing any progress... So
we have to look at these scenarios."
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Clash
Of The Wealth Redistributing Titans: Caption Contest. Submitted by Tyler
Durden on 04/17/2015. When Barry met Yanis... "honest
broker" Barack Obama left Greek FinMin Yanis Varoufakis
disappointed yesterday when, as Bild reports, US will not give financial aid
to Greece (but will send advisers to Athens to compile a list of possible
savings measures).
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Greece
Is About To Be 'Fixed' For Good. Submitted by Tyler
Durden on 04/17/2015. What could possibly go wrong?
Just wait until he tells the Greek PM that "debt
doesn't matter."
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Hillary
Clinton Is Grooming A Former Goldman Banker To Become America's Next Treasury
Secretary. Submitted by Tyler
Durden on 04/17/2015. Should Gary Gensler truly be Clinton's chief
financial officer, and should Hillary become America's next president, then
ladies and gentlemen, in the fine tradition started by Hank Paulson who nearly
brought the entire wastern world to ruin, the next US Treasury Secretary
will be the following fine former Goldman Sachs employee and "champion for
everyday Americans." [Hillary is selling her soul to crock bankers… are you still
democrat?
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The
Changing World Of Work 5: "Human Robots" and High-Level Skills.
Submitted by Tyler Durden on 04/17/2015. The severe
limitation of human robot jobs is that they rarely offer much
opportunity to learn a wide variety of skills--precisely what enables us to
create more value with our labor.
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Which
Companies Paid The Most Income Tax In 2014. Submitted by Tyler
Durden on 04/17/2015. Apple's market capitalization of $730 billion may now
be more than double that of Exxon Mobil, but when it comes to taxes paid to the
US government, it's no contest. Ironically,
it is Exxon Mobil, which paid $4 billion more in tax than Apple, yet whose
valuation has been cut by 15% over the past year as a result of the collapse in
oil prices.
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European
Sovereigns Have Worst Week In 5 Years, Stocks Slump. Submitted by Tyler
Durden on 04/17/2015. As Grexit contagion spreads so European
peripheral bond risk has surged. Portuguese, Italian, and Spanish risk has
increased by the most since May 2010. It appears that the hope of
"containment" in Europe via Q€ purchases is overwhelmed by the
outflows - this was extremely evident in German markets today that saw
'someone' selling both bonds & stocks as Grexit fears rose. European
stocks were all battered - the worst week of the year - with Germany worst as European
VIX soared 5 to 25.05 - its biggest jump in 4 months.
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Is
Saudi Arabia Setting The World Up For Major Oil Price Spike?. Submitted by Tyler
Durden on 04/17/2015. In order to maintain a grip on market share by
pushing U.S. shale producers out of the market, Saudi Arabia (and OPEC) is
willing to use up its spare capacity. That could lead to a price spike.
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Is May 9 The
Grexit Date?. Submitted by Tyler
Durden on 04/17/2015. Greek FinMin Varoufakis is meeting sovereign debt
lawyer Lee Buchheit today, the ‘fairy godmother to finance ministers in distress’... The big
questions concern not just the difference between on the one hand, economic
issues and on the other, political ones. Syriza doesn’t have the mandate to take
Greece out of the eurozone. That is a huge point. But neither does it have the
mandate to give in to the troika’s insistence on pensions cuts. At a certain
moment, it may come down to what can be explained to the Greek people, and how
well it can be explained. This explanation will almost certainly have to come
after the fact, since holding a referendum pre-Grexit would carry far too
much potential risk of uncontrolled demolition of the entire Greek economy and
banking system.
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BofA
"Explains" Why Optimistic Economist Forecasts Have Been So Wrong In
The Past 5 Years. Submitted by Tyler
Durden on 04/17/2015 Bank of America argument:
- 2010: The first full year of the recovery was a growth recession with a collapse in inventories (after the restocking was complete), and continued private sector deleveraging.
- 2011: There were a series of events, including the Japanese tsunami, spike in oil prices and US debt downgrade by S&P.
- 2012: The crisis in the Eurozone intensified with concerns over a Greek exit and a breakup of the Eurozone. The policy response abroad was lackluster and there were concerns of another financial crisis.
- 2013: The combination of the sequester, debt ceiling fight and government shutdown created an environment of heightened uncertainty and fiscal restraint.
- 2014: The polar vortex delayed economic activity and led to a permanent loss of growth.
- 2015: Rapid appreciation of the dollar and heightened uncertainty about the winners and losers from plunging oil prices has hurt growth. A small part of the weakness may be related to the weather and the dock strike.
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Chinese
Stocks Are Still Crashing. Submitted by Tyler
Durden on 04/17/2015, As
we noted earlier, the catalyst appears to be a regulatory decision to
increase the number of 'shortable' securities.
Both of these actions were taken as 'signals' that policymakers may be
getting nervous about the ebullient wealth creation... Chinese stock futures
are now down almost 7% - the 2nd biggest drop in 7 years.
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Greek
Bank "Quarantine" Abroad Sparks European Selloff. Submitted
by Tyler Durden on 04/17/2015. A large number of
European countries have effectively quarantined Greece in a bid to minimize
the consequences on their credit systems in case of a Greek
"accident." As
ekathimerini reports, the actions are being taken in order to shield
themselves and minimize the danger of contagion in case the negotiations
between the Greek government and the eurozone do not bear fruit. This has
sparked broad-based selling across global risk assets but particularly in
Europe. Stocks from Germany to Spain are having their worst day of the year, European
sovereign bond risk is exploding higher (contagion Mr. Schaeuble?), and
Greek bank bonds and stocks are getting crushed.
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Submitted by Tyler
Durden on 04/17/2015 - 07:53
- Fed Shies Away From June Rate Hike (Hilsenrath)
- Europe Stocks Fall Most in Three Weeks Amid Greece as Banks Drop (BBG)
- China Futures Tumble on Trust Curbs, Expansion of Short Selling (BBG)
- Oil slips below $64 as ample supplies weigh (Reuters)
- Fed officials lean all ways on rate hikes, data in focus (Reuters)
- Eurozone deflation eases in March (FT)
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FUTURE FAST FORWARD
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PRESSTV
‘Obama
mending ways to end N-issue’. Sat Apr 18, 2015 A political analyst says
Obama’s new stance over the possibility of the immediate removal of anti-Iran
sanctions shows Washington is mending its ways toward the Iranian nuclear
issue. See below: Obama
forced to bow to Congress on Iran
.
[ Que Obama está
corrigiendo la posición chantajista que mostro frente a Iran en la 1ra parte de
los diálogos?: Ver para creer dijo un ciego. It is hard to believe it, FIRST because it implies to abandon Israel, whose lobby in the US
control the senate and Obama already give up his presidential autonomy in favor
of the senate on matter of foreign policies. SECOND, because correcting the stance on Iran means immediate lift
of sanctions… NOW, before the 2nd round of talking start… otherwise
this should be considered one more usual deceptive bla-bla of Mr. Obama. THIRD because
US diplomacy of war –like the one on Iran- depends on the power for war, and
the current power correlation of war is in the hands of US-Israel. So the only
way to balance an honest and fair diplomatic dialogue is to contain and disarm
Israel, the bully one. That is, to apply to Israel the same rules applied to
Iran and before the start of the 2nd round. FOURTH, neither Iranian people nor the international community is
blind nor speechless to believe in automatic transit from the blackmail of the
first round toward an honest 2nd round. They may believe so but if -and
only if- the economic terrorism of sanctions against Iran are: A- lifted before the start of the 2nd round, and B- if the
same rules of NPT (non proliferation of nuclear weapons) are applied to Israel before the start of the
2nd round. C- if the IAEA
(International Atomic Energy Agency) apply similar checking to Israel NOW. D- Since Obama
did not say nothing about these issues, so his words do not deserve any credit]
----
World
racing toward nuclear ‘precipice’.
Sat Apr 18, 2015 Noam Chomsky
says the world is racing toward a nuclear “precipice” and the United States
poses the “greatest threat” in this regard.
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Argentina
sues UK firms over Malvinas. Sat
Apr 18, 2015 Argentina launches a lawsuit against three UK and two US firms for
drilling oil off the disputed Malvinas Islands.
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‘Israelis
support Netanyahu crimes’ Sat Apr 18, 2015 A political analyst says
Netanyahu’s re-election shows Israelis support crimes against Palestinians.
[so they deserve whatever
consequences comes from their
pro-war stance]
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‘Complicated
talks needed for Iran deal’. Sat Apr 18, 2015 China says Iran and the
P5+1 countries are required to hold more complicated talks to finalize a
nuclear deal.
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Will
Washington’s nukes kill us all?. Sat Apr 18, 2015 Did you know that
Washington keeps 450 nuclear ICBMs on “hair-trigger alert”? writes Paul Craig
Roberts.
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Obama,
Salman discuss Yemen crisis. Sat Apr 18, 2015 US President Barack Obama
has called Saudi Arabian King Salman to discuss the kingdom’s offensive against
neighboring Yemen, the White House says.
----
US
generals oppose Saudi aggression. Sat Apr 18, 2015 A number of senior
US military officers believe the Saudi military aggression in Yemen will
possibly turn into a quagmire for Riyadh.
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Obama
forced to bow to Congress on Iran. Sat Apr 18, 2015 Sen. Bob Corker
says the Obama administration was forced to bow to American lawmakers over
Iran. SEE ALSO: Republicans: Obama deal with Iran not acceptable without
Congress approval. http://www.presstv.com/Detail/2015/03/09/400986/Next-US-president-can-revoke-Iran-deal . READ:
In an open letter
to Iran on March, Monday 9, 47 senators explained that the agreement would not
last after President Obama leaves office in January 2017, Bloomberg reported. “The
next president could revoke such an executive agreement with the stroke of a
pen and future Congresses could modify the terms of the agreement at any time,”
they added. The possible contenders of the next US presidential election,
Senators Marco Rubio, Ted Cruz, and Rand Paul signed the letter.
[this is that I called the other side of the same coin of “blackmailing
Iran”. Nothing has been done to trash this coin. On the contrary, Obama
continue delaying the lift of embargo & similar rules to Israel]
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Iran
presents 4-point Yemen peace plan. Sat Apr 18, 2015 Iran submits a four-point peace plan for Yemen to the
UN in an attempt to end the bloodshed in the Arab country.
[fake title: they did not listed the abcd points for peace.
Where are they?]
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Bolton:
Israel speeds up Iran war plan .
Fri Apr 17, 2015 John Bolton says Israel has speeded up its decision to attack
Iran following Russia’s move to sell S-300 missile system to Iran.
[Bolton is one of several war-mongers against Iran. This puppet of Karl
Rove has not the power he had with Bush. Bolton is only expressing wishes,
typical in all neocons.. nothing but stupid things could come from his own sick
mind. The case is: A- Israel attack won’t happens without US support; if
happens they will open a Pandora box that the US will never be able to closed
back, that will be the start of the WW3. B- Any attack on Iran will be
responded immediately and Netanyahu knows the missile capability of Iran, so
maybe dimona will be wiped out and their
whole nation will be endangered. I don’t think Netanyahu is a pawn of Bolton
now.. that was just wishful thinking ]
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'West
troops in Ukraine destabilize situation'. Fri Apr 17, 2015 Russia says the presence of Western troops in Ukraine
will only further complicate the situation in country.
[ A new world economic recession is at portas.. to start a WW3
will be the worse way of attempting to solve economic problems.. we are not in
the same situation of previous world wars .. todays war will be a nuclear war
that put at risk the existence of the whole humanity… any nuclear missile
toward Russia or China will be responded with hundreds of nuke missiles on the
US, London, Israel, Saudis and several east countries in Europe .. that will be
the real inhuman end of history .. Powerful nations should better start
thinking in other way of solving current economic problems. ..To me it is a
matter of bringing back the Glass Steagall Act and setting up a NEW
INTERNATIONAL DEAL to solve many problems of common concern. Among them, the
dismantling of nuclear arms, that should start from top-dawn .. that was an incomplete
task started before that has to be
re-taken now]
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P5+1 open to lift Iran sanctions: Obama. Fri Apr 17, 2015. Obama says the US and its negotiating partners in nuclear talks with Iran are open to lift sanctions immediately.
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Republicans
put Israel ahead of US: Poll. Fri Apr 17, 2015 Republicans by a ratio
of more than 2-to-1 say the US should support Israel even when its stances
diverge with American interests, a new poll finds. [THIS IS THE SENATE they will put down any attempt to solve Iran
nuclear issue diplomatically .. they want the war of Israel on Iran, once the latter
is disarmed. That is the purpose of N-talks. Sanctions on Iran is not the main
issue .. bombing Iran is it. They can say they
will lifted now & next day bomb Iran: read ‘History
proves US breaks all deals’... are Iranians so naïve to trust US war
diplomacy?. Just test your bomb .. and they will stop]
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‘History
proves US breaks all deals’. Fri Apr 17, 2015 An analyst says history
shows the US does not abide by any of the agreements it signs with other
countries.
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Ukraine
death toll exceeds 6,100: UN. Fri Apr 17, 2015 The UN says the
estimated death toll from a year of turmoil in eastern Ukraine has surpassed
6,100. [neo-nazis
murders are also our crimes]
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‘US
satisfaction near historic lows’. Fri Apr 17, 2015 Twenty-eight percent
of Americans are satisfied with the way things are going in the country, while
70 percent are dissatisfied, according to a new poll.
[I hope they do not recycle their misery by voting dems or
reps in the coming elections]
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‘Iran,
China to boost defense ties’. Fri Apr 17, 2015 Iran says Tehran and
Beijing are determined to strengthen defense relations.
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‘Israel
engaged in ethnic cleansing’. Fri Apr 17, 2015 An activist says Israel
is engaged in ethnic cleansing of the Palestinians.
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‘Clock
ticking on Al Saud collapse’ . Fri Apr 17, 2015 A senior Iranian cleric
says the rule of Al Saud dynasty is on the brink of collapse.
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UN
appeals for $274mn to aid Yemen. Fri Apr 17, 2015 The UN appeals for
USD 274 million to meet the needs of the Yemeni people beset by the ongoing
crisis in their country.
[What ?.. is the US unable to support directly their
mercenaries in Yemen?? ]
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Assad
hails Russia talks as 'breakthrough'. Fri Apr 17, 2015 Syrian President
Bashar al-Assad hails as a 'breakthrough' the latest round of Moscow talks on
Syria peace.
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