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  • Bank Run Imminent? Catalan Separatists Urge Supporters To Pull Cash From Bank

    As tension escalate in Spain, Catalan Separatists are potentially about to do some real damage and hit Spain where it really hurts.
    In a tweeted message to their 270,000 followers, Assemblea Nacional urged supporters to pull cash from CaixaBank and Banco Sabadell branches between 8 am and 9am Friday to protest at their decision to shift their legal domiciles out of the region…
    Dem , priorit riament de 8 a 9 h, ves a un dels 5 principals bancs i retira la quantitat que vulguis en efectiu. Sn els teus diners! pic.twitter.com/TqQUESFOZJ
    — Assemblea Nacional (@assemblea) October 19, 2017

    This post was published at Zero Hedge on Oct 19, 2017.


  • Tech Vs. Trump: The Great Battle Of Our Time Has Begun

    Social media helped Donald Trump take the White House. Silicon Valley won’t let it happen again…

    In the 1962 Japanese sci-fi classic King Kong vs Godzilla, the two giant monsters fight to a stalemate atop Mount Fuji. I have been wondering for some time when the two giants of American social media would square up for what promises to be a comparably brutal battle. Finally, it began last month – and where else but on Twitter?

    This post was published at Zero Hedge on Oct 13, 2017.


  • Trump, the Chaos President, Adds Cruelty to His Brand

    Donald Trump, the President of the United States, who took his companies through bankruptcy six times, picked the three-week anniversary of Hurricane Maria delivering an epic humanitarian crisis to Puerto Rico to shame the U. S. territory for its financial troubles and to traumatize the struggling residents by suggesting he may yank Federal workers from Puerto Rico.
    The President, whose key job is to rally people in the time of crisis, posted the following, insanely cruel Tweet yesterday to a region where 84 percent of the residents still lack electrical power; one-third lack clean running water; and only 8 percent of the roads are passable according to government statistics: ‘We cannot keep FEMA, the Military & First Responders, who have been amazing (under the most difficult circumstances) in P. R. forever!’ Trump posted to his Twitter page. That post came shortly after Trump retweeted a statement suggesting that Puerto Rico’s ‘financial crisis looms largely from their own making.’
    The three-week time frame for Trump’s patience to be running out in the midst of a humanitarian crisis contrasts with the three-year time frame, from 2007 to 2010, in which the Federal government’s patience and money were lavished on Wall Street to the tune of $16 trillion. Wall Street’s crisis was not the product of Mother Nature but a thundering herd of greed-obsessed banksters hell bent on looting the investing public and the public purse. (See Puerto Rico Relief Efforts Pale to that for Just One Wall Street Bank.)

    This post was published at Wall Street On Parade By Pam Martens and Russ Marte.


  • 13/10/17: Debt Glut and Building Dublin

    Just back from Ireland, a fast, work-filled trip, with some amazing meetings and discussions, largely unrelated to what is in the ‘official’ newsflow. Some blogposts and articles ahead to be shared.
    One thing that jumps out is the continued frenzy in building activity in Dublin, predominantly (exclusively) in the commercial space (offices). Not much finished. Lots being built. For now, Irish builders (mostly strange new players backed by vultures and private equity) are still in the stage where buildings shells are being erected. The cheap stage of construction. Very few are entering the fit-out stages – the costly, skills-intensive works stage. And according to several sector specialists I spoke to, not many fit-out crews are in the market, as skilled builders have not been returning to the island, yet, from their exiles to the U. S., Canada, Australia, UAE, and further afield.
    Which should make for a very interesting period ahead: with so many construction sites nearing the fit-out stages, building costs will sky rocket, just as supply glut of new offices will start hitting the letting markets. In the mean time, many multinationals – aka the only clients worth signing – have already signed leases and/or bought own buildings on the cheap. Google owns its own real estate (hello BEPS tax reforms that stress tangible activity over imaginary revenue shifting); Twitter has a refurbished home; Facebook is quite committed to a lease (although it too might take a jump into buying); and so on. Tax inversion have slowed down and Trump Administration just re-committed to Obama-era restrictions on these, while Trump tax plan aims to take a massive chunk out of this pie away from Ireland. So demand… demand is nowhere to be seen.

    This post was published at True Economics on Friday, October 13, 2017.


  • Facebook, Instagram Experiencing “Extreme” Outages As Complaints Pile Up

    Oh, Facebook is down. pic.twitter.com/eykcDkizxq
    — Kazuhiro Sera (@seratch) October 11, 2017

    Facebook and Instagram are down for thousands of users across the world this morning, with websites like Outage Report recording ‘extreme’ outages in the US Hungary, Kosovo, Germany, Poland and other countries. The sites went down shortly after 11 a.m.
    This is the second widespread outage for both social networks (Instagram is owned by Facebook) in less than two months. Facebook blamed the most recent outage, which occurred on Aug. 26, on unspecified ‘technical issues.’

    This post was published at Zero Hedge on Oct 11, 2017.


  • Blaming Russia for Major U.S. Problems Raises Risk of Not Seeing Enemy Within

    The U. S. House and Senate Intelligence Committees have asked executives from Google, Facebook and Twitter to appear at their respective public hearings on November 1. The hearings will seek testimony on evidence already turned over to the Committees by the companies on how Russia used social media accounts, bots, trolls and advertising to influence the outcome of the 2016 Presidential election.
    The New York Times reported yesterday that ‘On Facebook, fake Russia-linked accounts – in which fictional people posed as American activists – promoted inflammatory messages on divisive issues. Those accounts bought advertising to promote those messages and reach a bigger audience within the Facebook universe, while promoting the incendiary posts to different locations or people with established political leanings for maximum impact.’
    Facebook has turned over information on 3,000 Russia-linked ads that appeared on its network in the leadup to the 2016 presidential election. Google this week disclosed that Russia-linked ads had also appeared on its platforms during the presidential campaign. Twitter has provided evidence to the Committees that RT, a Russian, state-funded television network previously known as Russia Today, had advertised on its network during the presidential campaign period.

    This post was published at Wall Street On Parade on October 10, 2017.


  • NFL Chief Goodell Flip-Flops: “We Believe Everyone Should Stand For The Anthem”

    Update 2 (6 pm ET): While NFL owners are preparing to discuss a unilateral rule change to ban kneeling, Deadspin has pointed out that, technically, such a rule change has already been made.
    An excerpt from the league’s ‘game operations manual’ – officially titled the ‘Policy Manual for Member Clubs” – that has made the rounds on social media clearly shows that players can be fined of suspended if they don’t stand, or aren’t present on field for, the anthem.
    .@mortreport referencing @NFL game operations manual policy for national anthem on Monday Countdown. Here it is in full: pic.twitter.com/ifSMYuvOV9
    — Kevin Seifert (@SeifertESPN) October 9, 2017

    This post was published at Zero Hedge on Oct 10, 2017.


  • Feud Breaks Out Between Melania And Ivana Trump Over Who Is “First Lady”

    It was only a matter of time before an episode of “Real House Wives of the White House” played out before the entire world.
    On Monday morning Donald Trump’s ex-wife, Ivana Trump, appeared on Good Morning America where jokingly she said that “I’m basically first Trump wife. I’m first lady.’
    Ivana Trump says she has Pres. Trump's direct White House number: "I'm basically first Trump wife. I'm first lady." pic.twitter.com/0DQ5AMQ311
    — Good Morning America (@GMA) October 9, 2017

    This post was published at Zero Hedge on Oct 9, 2017.


  • MIKE PENCE WASTED TAXPAYER MONEY ON THE NFL IN POLITICAL PR STUNT

    Vice president Mike Pence spent more money than most Americans make in one year to perform a political public relations stunt at a National Football League game over the weekend. Some of his flagrant waste of taxpayer dollars went straight into hands of the NFL too – the organization which many on the right have decided to boycott.
    Mike Pence made a big show out of leaving a football game early. Not just any game though. He went to an Indianapolis Colts game at home against the much-hated by the right, San Franciso 49ers. He then proudly declared himself upset and offended that some players knelt during the singing of the Star Spangled Banner (which he knew well in advance would happen.) ‘I will not dignify any event that disrespects our soldiers, our flag, or our national anthem,’ he declared on Twitter.
    Looking forward to cheering for our @Colts & honoring the great career of #18 Peyton Manning at @LucasOilStadium today. Go Colts! pic.twitter.com/C3aCYUNpqG
    — Vice President Pence (@VP) October 8, 2017

    This post was published at The Daily Sheeple on OCTOBER 9, 2017.


  • ESPN’s Jamele Hill Urges Fans To Boycott Anti-Kneeling NFL Advertisers

    If you strongly reject what Jerry Jones said, the key is his advertisers. Don't place the burden squarely on the players. — Jemele Hill (@jemelehill) October 9, 2017

    Having been reprimanded by her boss (and President Trump) for her previous divisive remarks, ESPN’s Jamele Hill called on football fans to boycott advertisers who are aligned with teams pushing back against ‘kneeling’.
    As a reminder, after her last outburst, here is what ESPN president John Skipper said in a memo to staffers:
    “ESPN is about sports… It is not a political organization.”
    So much for that…
    As Fox News reports, the ESPN anchor who called President Trump a ‘white supremacist’ on Twitter last month is now calling for a boycott of advertisers aligned with “America’s Team.”
    Jemele Hill, host of “SC6,” called on fans to take indirect action against the Dallas Cowboys after owner Jerry Jones told players they would be benched if they didn’t stand up during the national anthem.

    This post was published at Zero Hedge on Oct 9, 2017.


  • Spanish Government Issues Veiled Death Threat To Catalan Leader

    In a quite shocking escalation of the rhetoric in Spain, a spokesman for the ruling People’s Party just issued a (barely) veiled death threat to the Presdident of Catalonia.
    1. PP spokesman says Puigdemont might end up like Lluis Companys (in 1934) if he declares independence tomorrow…pic.twitter.com/II2HGUtUdH
    — The Spain Report (@thespainreport) October 9, 2017

    This post was published at Zero Hedge on Oct 9, 2017.


  • America’s Urban War Zone: Baltimore Doubles Chicago’s Homicide Rate In 2017

    Back in June, President Trump used Twitter to officially announce America’s urban crisis.
    ***
    He hit the ground running calling out the death and destruction in Chicago.
    Trump made it clear that he was ‘sending in Federal help’ to contain the dying city.
    Crime and killings in Chicago have reached such epidemic proportions that I am sending in Federal help. 1714 shootings in Chicago this year!
    — Donald J. Trump (@realDonaldTrump) June 30, 2017

    This post was published at Zero Hedge on Oct 8, 2017.


  • Bill Blain: “More And More Folk Are Pinching Themselves To Check If This Is Real”

    Submitted by Bill Blain of Mint Partners
    ‘Always the hurricane’s blowing, always the population growing, and the money owing..’ Who will be the next Fed Head?
    Marvellous start to the day as a cyclist stopped to say hello. He was one of my ‘nippers’ from a Canary Wharf HQ’d bank I once worked for. He started as a junior in Debt Capital Markets origination – today’s he’s head of their whole Sovereign, Supranational and Agency Group! Fantastic! He’s successfully built up the bank’s reputation to be a top name in the sector! I know many SSA issuers read the porridge and will know who he is, so give the lad a mandate from me! Quite proud of him and others I worked with at that bank…
    Meanwhile, the markets continue to amaze me. Nothing has really changed re the fundamental picture: stocks continue to bound upwards, economic data is positive, but more and more folk are having to pinch themselves to check if this is real.
    Clue: it is not..
    Meanwhile, the disastrous intervention of Donald Trump’s twitter-feed on Puerto Rico debt on Tuesday night really should be the subject of a criminal investigation. Anyone with an erg of authority tweeting a borrower is bust is bound to impact prices: Trump’s intervention to say Puerto Rico would go bust caused prices to spike 20 points lower on $74 billion of its debt, before officials were able to restore sanity, and prices to spike back up.
    But the damage is done. His ill-informed tweets undo confidence across the whole US municipal bond sector – funding everything from states to local football stadiums. He said, of Puerto Rico: ‘We have to look at their debt structure. They owe a lot of money to your friends on Wall Street. We’re going to have to wipe that out.’

    This post was published at Zero Hedge on Oct 5, 2017.


  • Mandalay Bay Shooter’s Girlfriend Speaks: “I Loved Him”

    After spending most of the day at the FBI’s Los Angeles field office, Marylou Danley, the 62-year-old longtime girlfriend of Mandalay Bay shooter Stephen Paddock, has released her first official statement since Paddock, a 64-year-old retired account and inveterate gambler, carried out the deadliest mass shooting in modern US history Sunday night.
    It’s unclear whether Danley has provided any useful information to authorities, who have reportedly been baffled by the utter lack of any clues about Paddock’s motives. No official statement about the interview has been released, and so far, nothing has leaked (although we imagine that will soon change). Searches of Paddock’s homes and electronic devices have provided no indication about what might’ve inspired the shooting – which authorities say was meticulously premeditated. And Paddock’s brother
    Eric Paddock said he isn’t aware of any religious or political affiliations that might’ve inspired the shooting.
    WATCH: Attorney reads statement from Marilou Danley, the Vegas attacker's girlfriend pic.twitter.com/YAmyM8KpfH
    — Breaking911 (@Breaking911) October 4, 2017

    This post was published at Zero Hedge on Oct 4, 2017.


  • Tillerson Vows To Stay On, Slams NBC ‘Moron’ Report

    Secretary of State Rex Tillerson on Monday denied he has ever considered resigning from his post. Tillerson gave an unscheduled statement after NBC News reported he was on the verge of quitting over the summer, calling Trump a moron and prompting Mike Pence to intervene.
    ‘My commitment to the success of the president and the country is as strong as it was’ upon taking office, Tillerson told reporters Wednesday at the State Department in Washington. ‘I have never considered leaving this post.’
    “The vice president has never had to persuade me to remain as secretary of State because I have never considered leaving,” he told reporters at the State Department. Tillerson refused to deny a claim in the report that he called President Trump a “moron” following tense meeting with national security officials over the summer.
    Tillerson said of the ‘moron’ report, ‘I’m not going to deal with petty stuff like that.’ He added that he hasn’t spoken to the president on Wednesday morning.
    Notably, President Trump appeared to refer to the report in a Twitter post just moments before Tillerson spoke, saying ‘NBC news is #FakeNews and more dishonest than even CNN. They are a disgrace to good reporting. No wonder their news ratings are way down!’

    This post was published at Zero Hedge on Oct 4, 2017.


  • Goldman Shuns JPMorgan’s Dimon – Plans Bitcoin Trading Operation

    GOLDMAN SACHS SAID TO WEIGH BITCOIN TRADING OPERATION: WSJ
    wait what… pic.twitter.com/WKyrfDIHca
    — zerohedge (@zerohedge) October 2, 2017

    While JPMorgan CEO Jamie Dimon said he “would fire” any employee found trading Bitcoin, Goldman Sachs’ leadership is embracing reality as WSJ reports the bank is weighing a new trading operation dedicated to bitcoin and other digital currencies.
    On the heels of IMF Chief Christine Lagarde’s comments that:
    “… the technology itself can replace national monies, conventional financial intermediation, and even puts a question mark on the fractional banking model we know today… So I think it may not be wise to dismiss virtual currencies.”
    Bitcoin’s price has continued higher – erasing the losses from China and Jamie Dimon’s comments…

    This post was published at Zero Hedge on Oct 2, 2017.


  • Google Supporting Tyranny?

    Google has blocked an app that shows where to vote for "political reasons" (via @mandineSanchez) pic.twitter.com/RuRdRYcNRk
    — Tim Pool (@Timcast) October 1, 2017

    Anyone who supports the Spanish Madrid government is no different than those who supported the Kings of England and France during the American and French Revolutions. Google picks the wrong side. Does this mean they will side with government every time? Dangerous precedent.

    This post was published at Armstrong Economics on Oct 1, 2017.


  • Journalism Is Broken – Twitter, Trump, & The NYTimes

    Authored by Chris Arnade via Medium.com,
    Leaving Twitter means people send you articles about others who leave Twitter, so I saw the story of a NY Times reporter leaving Twitter, and then the follow-up analysis of what that means. That analysis article ended with these helpful guides:

    My reaction was
    Congrats to the NY Times reporter! That the bullet points need to be stated is sad. Five years ago I was a progressive that fully bought into the idea journalism was on the nasty end of a disingenuous conservative campaign to discredit it.
    Then I joined Twitter.
    Now I flip between two theses:
    On a good day: Journalism has been badly degraded by the twin forces of economic loss and the immediacy and brutality of Twitter. On a bad day: Journalism is fundamentally slanted, narrow, and nasty. Many journalists are removed, smug, know-it-alls who don’t understand or like voters.

    This post was published at Zero Hedge on Sep 30, 2017.


  • Monitor Releases Simulation Of What Nuclear Explosion Near North Korea Would Look Like

    A scientist tasked with monitoring the proliferation of nuclear weapons has published what he described as a ‘rough simulation’ of what would happen if North Korea follows through with threats to test a hydrogen bomb over the Pacific Ocean.
    The upshot of the simulation – which was published by Lassina Zerbo, the head of the Comprehensive Nuclear Test Ban Treaty Organization – is that such an ‘atmospheric burst’ could spread a ‘radio-isotope cloud’ of radiation across the planet, potentially leading to the catastrophic loss of life.
    In response to inquiries: Rough simulation (Sept15-29) of #radio-isotope cloud from hypothetical atmospheric burst over Pacific: #CTBT #IMS pic.twitter.com/361ZBkoUy7
    — Lassina Zerbo (@SinaZerbo) September 28, 2017

    This post was published at Zero Hedge on Sep 29, 2017.


  • Frontrunning: September 29

    Republican Tax Plan Hits First Hurdle (WSJ) A $6.4 Billion Windfall Awaits Big U. S. Banks in Trump’s Tax Cut (BBG) How Does the Trump Tax Plan Affect You? WSJ Answers Your Questions (WSJ) Twitter suspends Russia-linked accounts, but U. S. senator says response inadequate (Reuters) Flight ban on Iraqi Kurds imposed after independence vote (Reuters) Elon Musk’s New Vision: Anywhere on Earth in Under One Hour (BBG) Kurdistan region refuses to hand over border crossings to Iraqi government: Rudaw (Reuters) Independence Vote Tests Catalonia’s Police Force (WSJ) Uber CEO Khosrowshahi to Visit U. K. to Rescue London License (BBG) Chinese Money Is Still Leaking Into the World’s Housing Markets (BBG) Russia accuses CNN International of violating Russian media law (Reuters) Dems on Trump’s Voter Fraud Panel Push Back (BBG) Schumer says senators close to bipartisan deal on health exchanges (Reuters) VW’s dieselgate bill hits $30 billion after another charge (Reuters) VW Takes New $2.9 Billion Hit From Diesel Scandal (WSJ) Iron Ore Becomes Punch Bag as China Concerns Drive 20% Collapse (BBG) U. S. visas to six Muslim nations drop after Supreme Court backs travel ban (Reuters) P&G CEO Blasts Nelson Peltz as Tensions Mount Over Board Vote (BBG) Lyft IPO puts investors in self-driving cars as well as ride services (Reuters) World’s Biggest Oil Company Promised Expats Idyllic Lifestyle – Then Fire Erupted (WSJ) Chaos and hackers stalk bitcoin investors (Reuters)
    Overnight Media Digest
    WSJ
    – A day after announcing their tax plan, Senate Republicans debated scaling back one of their largest and most controversial proposals to pay for lower tax rates – repeal of the individual deduction for state and local taxes. on.wsj.com/2yJB9qV

    This post was published at Zero Hedge on Sep 29, 2017.