MAY 5 16 SIT EC y POL
WHITE LIES DON'T MATTER .. The Fact is the Clinton represent the 1%, not the Nation
NO HILLARY
ENDORSEMENT! .. NOT, NOT, NOT!!
GO SANDERS GO, … UNITED WE WILL WIN!!
“GO BERNIE & JILL”
… UNITED WE WILL WILL!!
PEOPLE .. UNITED.. WILL NEVER BE DEFEATED!!
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ZERO HEDGE
ECONOMICS
Party's
Over - High Yield Bond ETF Crushed By Largest Outflows Ever. Submitted by Tyler Durden on 05/05/2016 : It appears the credit market's
dead-cat-bounce party is over. Following the almost unprecedented bounce
off the February lows, the last few days have seen HYG (the largest high yield
bond ETF) tumble back below its 200-day moving average as credit spreads (in IG
and HY) start to widen significantly. The driver of this sudden weakness is now
clear - a $2.3bn 4-day outflow which is the most sudden and largest
redemption ever.
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3
"Reality-Check" Charts For America As Initial Jobless Claims Spike
Most In 16 Months. Submitted by Tyler
Durden on 05/05/2016
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A
"Recovery" Paradox: Job Cuts In 2016 Are Highest Since 2009 As
Initial Jobless Claims Tumble. Submitted by Tyler Durden on 05/05/201
The paradoxical divergence between the government's data on
initial jobless claims, which in just over half an hour is expected to print at
or close to another multi-decade low, and the actual number of layoff
announcements by employers as tracked by Challenger Gray, and which continues
to soar is puzzling to say the least. In the first four months of 2016,
employers have announced a total of 250,061 planned job cuts, up 24% from the
201,796 job cuts tracked during the same period a year ago. This represents
the highest January-April total since 2009, when the opening four months of the
year saw 695,100 job cuts in the aftermath of the biggest financial crisis in
modern history.
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Frontrunning:
May 5. Submitted by Tyler
Durden on 05/05/2016 -
- Europe shares, oil snap four-day losing streaks (Reuters)
- Oil rallies as Canada fire and Libya violence threaten supply (Reuters)
- How Trump Won—and How the GOP Let Him (WSJ)
- Hedge Fudge Managers Lose Their Swagger (BBG)
- Turkey Premier Said to Give Up as Erdogan Tightens Grip (BBG)
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QUICK NEWS on economics from zero hedge
Futures
Rebound As Crude Regains $45 On Canada Fears; Turkey Hammered. Submitted by Tyler Durden on 05/05/2016. : Crude,
which rebounded from yesterday's post inventory-build lows and briefly printed
above $45/bbl over uncertainty related to the impact of Canada wildfires on
production and how long will last. The bounce in WTI has meant Brent briefly
traded at parity with West Texas for the first time in 6 weeks.
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"Rich"
Americans Confidence Crashes Most Since 2013. Submitted by Tyler Durden on 05/05/16
As Bloomberg's Consumer Comfort index slumps to its weakest
since Dec 2015, high-income (over $75k) Americans suffered their biggest
plunge in confidence since October 2013 seemingly unable to revive their
animal spirits as much as CFOs and their buybacks.
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Surprise!
Baltic Dry Index Plunges Most Since November As Commodity Bubble Bursts. Submitted by Tyler Durden on 05/05/2016 : Well,
just as we
warned very explicitly, the ramp in the index merely reflected the
frenzied speculation in industrial metals by the Chinese and as authorities
have cracked down on that idiocy, so the Baltic Dry has plunged by the most
since November... as real demand punches back.
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Has
The Long Yen Trade Run Its Course?. Submitted by Tyler
Durden on 05/05/2016 : Despite an unprecedented amount of monetary
easing taking place at the Bank of Japan, the yen has - since the middle of
2015 - been on a consistently strengthening trend versus the USD… That
reality may be about to take a breather, though, as too many investors
have moved to the same side of the boat in betting on yen appreciation while
the “smart money” is net short the yen.
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Commodities
Are Surging As The Dollar Rolls Over. Submitted by Tyler
Durden on 05/05/2016 Overnight
strength in the USDollar has begun to rollover, most notably against the Yen,
and that is sparking a bid in commodities - industrial and precious metals. Canada
headlines (and Libya) along with dismal
US jobs data have also piled on, sending WTI Crude to test $46 (and
copper is rallying) as Gold and Silver surge...
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POLITICS
"Don't
Forget, I'm The King Of Debt, I Love Debt" - Trump Chimes In On Puerto
Rico. S-by Tyler
Durden on 05/05/2016
EL PEZ CAE POR LA BOCA “if trump is the king of
debt” means that he’s profiting from debt,
in other words he is the king of vulture capital o capital buitre . He is getting richer with the poverty
of Latino people in the south & the sovereign debt of states in LA, WATCH THIS VIDEO: https://youtu.be/dezVw9XMHfg .
VOTE FOR THE 1%?: Solo los latinos que perdieron su dignidad votarian por Trump o por
Hillary
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ME & WORLD ISSUES
Guest
Post: The Great Western Retreat.
Submitted by Tyler Durden on 05/05/2016 : "This
massive deployment of armed forces in our own cities is a departure from
history. It is a moral disarmament, before a military one. It is Europe's
new Weimar moment.."
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A
Summary Of The Sheer Political Chaos In Brazil In Under 150 Words. S-by Tyler
Durden on 05/05/2016 :
Here, in under 150 words, is the best summary of the utter
political chaos and corruption that is playing out behind the scenes in Brazil
at this moment.
..
A Brazilian Supreme Court justice
ruled on Thursday that the powerful lawmaker who orchestrated the effort to
impeach President Dilma Rousseff must step down as he faces graft charges,
ratcheting up tensions in the country.
And in a further blow to Brazil’s
scandal-plagued political establishment, Vice President Michel Temer, the
man preparing to take control of the government from Ms. Rousseff, had his
conviction on charges of violating limits on campaign financing upheld earlier
this week, a ruling that makes him ineligible to run for elected office for
eight years.
The rulings are not expected to
save Ms. Rousseff’s presidency. Support for her ouster remains strong in the
Senate, which is preparing to vote next week on whether to remove her from
office and put her on trial over claims of budgetary manipulation. But the
decisions reflect the potential for greater political turmoil in the country.
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Why
Gazprom's 'Monopoly' In Europe Is Far From Over. Submitted by Tyler
Durden on 05/05/16
The first U.S. shipment of liquefied natural gas (LNG)
arrived in Portugal last week and Gazprom did not immediately cut its own
gas prices for Europe. While European media has hailed the entry of U.S. gas
into the market as a game-changer and a monopoly-breaker, in the short term,
nothing has changed at all.
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
John Kerry Draws New Red Line For Assad In
Syria. By Natasha Bertrand
Kerry insisted the US would not allow Aleppo to be liberated
by the government
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A Tale Of Two Hospitals By Brandon
Turbeville
Potentially Fabricated Bombing Incident VS Open Terrorist
Targeting Of Facilities In Aleppo
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US Air Strikes Kill Hundreds of Civilians in
Mosul By Nicolas J. S. Davies
Reports of hundreds of civilians killed by air strikes
reveal some of the human costs of the U.S. air war and the new rules of
engagement
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Raised By
War: This Is What It’s Like To Come Of Age In Iraq. By Jane Arraf
The figures are staggering. Analysts believe more than
800,000 Iraqi children have been orphaned by conflict since 2003
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Point of No
Return. Obama’s Legacy in the Middle East. By Seymour M. Hersh
Obama’s has maintained many of the core elements initiated
by his predecessor — assassinations, drone attacks, heavy reliance on special
forces, covert operations
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Saudi
Arabia and Israel's Growing Alliance, a Match Made in Hell. By Alli McCracken,
Raed Jarrar
The Iran nuclear deal is redrawing political lines in the
Middle East.
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Uproar Over
the 28 Pages: The Saudi/CIA Connection?. By Kristen Breitweiser
Fifteen years after the 9/11 murders, we have uncovered a
part of that truth.
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COUNTER PUNCH
Bernie Sanders supporters are facing the dilemma of what to
do next. .. the answer for these voters may lie less with who is elected, and
more with activism and activist groups.
While Sanders supports could almost taste the victory, it
was unlikely the party would ever have allowed him the nomination in the first
place. Rallying behind a candidate such a Clinton only empowers the party to
continue to push out those like Sanders, along with Howard Dean, and Dennis
Kucinich before him. It’s time for those who want Sanders in office to look
outside the party for their revolution.
It will be up to activists, from inside and outside the
Sanders camp to push for these changes from the bottom up. Electing local
officials, much like Socialist Alternative did in 2013 when they helped elect
Kshama Sawant to the city council in Seattle, to the more than 150 locally
elected Green Party politicians throughout the country.
Making waves, especially ones that upset the status quo and
send a direct message to neoliberals in the Democratic Party that their
positions are no longer safe and that while Sanders may not have succeeded in
taking the White House, he did succeed in igniting an unstoppable movement that
has been building for decades and thrusting into the spotlight and making these
once underground issues mainstream.
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[ Here is something about the power of activism and activism to
create social power.]
For those who see themselves working in the traditions of
the Black Panthers, Students for a Democratic Society, and other socialist
groups looking beyond the limits of the capitalist imagination, negation and
radical critique will remain as important and necessary as ever.
As MLK said in 1968: “We are
dealing with issues that cannot be solved without the nation spending billions
of dollars and undergoing a radical redistribution of economic power.”
Beyoncé’s “Formation” isn’t a unique brand of
economically-void political intervention; it is a synecdoche for a broader
trend in leftist politics. It is boutique activism, to borrow Chris
Hedge’s term: an activist position that leads working class organizers and
writers to laud a song and a Super Bowl performance that substitutes
multiculturalism and an African-American identity for a real progressive
political action position.
Now we got a singer who performs radicalism for a millennial
generation interested in social change, before changing outfits to have lunch
with Barack Obama, or proudly endorsing the reactionary progressivism of
Hillary Clinton. This kind of response resides itself to the level of
individualism, identity, sublimated progressive politics, and the limits of the
neoliberal imagination, without ever extending into the realm of revolutionary
politics, much less collective action, which is exactly what the survival of
BLM, the working class, and the left will depend on.
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WASHINGTON BLOG
On May 4th, Russia’s
Sputnik news agency headlined “Lavrov: US Tried to Include Al-Nusra Front Positions in ‘Silent’ Period”,
and … Al Qaeda in Syria calls itself “Al Nusra.”
The “zone of silence”
(and there are other phrases for it) refers to the areas
in Syria that would be excluded from the ceasefire. ⇒ Keep Reading
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These talks broke
down on April 18th because Al Nusra
was facing imminent defeat in the key city of Aleppo, and because such a
defeat was unacceptable to Mohammed Alloush, the Saudi agent, and head of the
Saudi-Wahhabist group, the Army of Islam. He
was selected by King Saud to lead the rebel side at Syria’s peace
negotiations. “There was ‘no way’ the opposition could resume formal talks
amid a military escalation and a worsening humanitarian situation, senior
opposition negotiator Mohammed Alloush told Reuters,” on
April 18th. ⇒ Keep Reading
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By Michael Snyder, the Economic Collapse Blog.
At this point, U.S.
firms are laying off people at a rate that we have not seen since the last
financial crisis. Here is what Zero Hedge had to say about these latest
numbers…
..
While one can debate the veracity of the BLS’ seasonally adjusted data,
one thing is certain: when a company announces it will layoff thousands, it will. So for all those who suggest
that all is well with the US jobs picture based on initial claims reports, here is the
latest report from Challenger according to which the pace of downsizing
increased in April jumped by 35% to 65,141 during the month of April, from the
48,207 layoff announcements in March.
⇒ Keep Reading
⇒ Keep Reading
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By David Haggith, the Great Recession Blog.
Donald Trump. Here is
how they bill it anyway — a plan to help laborers. They have heard through their
marble walls that some of you are not happy with wages that have been
stagnant for decades. So, they have hatched brave new plan.
Are you ready? Their
creative plan is to make it illegal for unions to withhold union dues
automatically “so that you have more money in your paycheck.” That’s it. Boost
your pay by stripping as much back from unions as they can. It is the best they
can do.
Never mind that
unions are the only thing that might give you enough unified strength
to get your pay or benefits improved against cost-slashing corporations.
Never mind that your pay stopped going up as soon as Reagan started breaking
unions. That’s right. That is when pay stagnated while corporate profits soared
… unless you were working in upper management where you pay soared.
What the Republicans
call “the Employee Right Act” is just another disembowelment of unions
to make sure that the corporate execs and stockholders continue to get the
lion’s share of the revenue. How else will they pay for their bonuses and
dividends and buy back the company’s own stocks in order to inflate the
value of their stock-options package?
⇒ Keep Reading
⇒ Keep Reading
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When the blue line is up, more of the population has a
job. (the blue line is the
Employment-Population ratio.)
The red line is money velocity, the rate at which money changes hands. (Money buried in the coffee can
in the back yard has a money velocity of zero.)
As Joseph noted, the
correlation between the percentage of people working and money velocity was
strong until 2010. In the post-2009 recession “recovery,” the percentage of the
populace with jobs rose modestly, but money velocity absolutely cratered to
unprecedented lows.
(The one other
disconnect was triggered by the 1987 stock market crash, which caused money
velocity to dip even as more people entered the workforce. This absence of
correlation was relatively brief.)
The correlation between more people working and money
velocity is commonsensical. More
people working = more household income = more spending = higher money velocity.
But something changed in 2010. Did the quality and
compensation of work change? Joseph observed: People started going back to
work after the official recession ended in Q4 2009 but they were working for
lower pay. With lower pay comes less disposable income, hence the cliff-like
drop off in velocity.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Capitalismo degenerativo. Andrés Piqueras. crónica del mayor robo
jamás perpetrado
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Chile. Cuando se jodió
Chile?. Miguel Lawner
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PRESS TV
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