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Earlier today, a massive explosion shook the Turkish capital of Ankara, where a vehicle packed with explosives was detonated while military buses were passing by.  It was “an act of terrorism,” Deputy Prime Minister Bekir Bozdag said. “We reaffirm our strong partnership with our NATO ally Turkey in combating the shared threat of terrorism attacks,” US State […]Read More

Another month and another massive deflationary print for Chinese Producer Prices. Year-over-year, PPI dropped 5.3% (‘better’ than the 5.3% drop expected and the 5.9% plunge last month) making this the 47th month in a row of deflation with mining’s collapse picking up again to -19.8% YoY. On th emore worrisome side, CPI rose 1.8% YoY, […]Read More

Late last month, we reported that ISIS has cut its fighters’ salaries in half due to “exceptional circumstances the caliphate is facing.” Those “exceptional circumstances” include Russia’s unrelenting aerial campaign against the group’s illicit oil trafficking business in Syria. The US-led “coalition” likes to take credit for helping to cripple the oil trade, but in […]Read More

Maybe because between the specter of defaulting in under three months, the threat of handing over its gold to Deutsche Bank, or the reality of rampant hyperinflation and a collapsing society, the already crushed population of Venezuela did not have enough things to worry about, moments ago Venezuela’s Nicolas Maduro unveiled a double whammy of […]

Submitted by James Brovard via The Mises Institute, In Iraq and Afghanistan, US military officers routinely handed bundles of cash to local residents to buy influence and undermine resistance to the American occupation. Such payments came in especially handy after US troops inadvertently killed innocent civilians or sheep. Billions of dollars were shoveled out with […]

For the latest confirmation of just how trapped in a corner of its own making the Fed now finds itself, look, or rather read no further than the presentation given moments ago by St. Louis Fed president James Bullard before the CFA Society in St. Louis which was circular, confusing, illogical, and thus a splendid […]

As part of its support for Nigeria’s power sector, the Japanese government has offered $800 million credit line to Nigeria that will be used to rehabilitate and extend the lifespan of the Jebba power plant. Consequently, the federal government and the government of Japan are expected to firm up all relevant agreements that will ease […]

The exchange rate between the naira and the dollar closed Wednesday at N370 to $1 hitting another new low. The exchange rate has depreciated to a new low every day since last Friday as dollar scarcity continues to bite hard. Black market operators spoken to by Nairametrics opine that the exchange rate could depreciate to […]

Judge Posner, clearly exasperated by the procedural muck that was made out of a relatively routine easement case, killed the landowner’s dreams of establishing a prescriptive easement to a public road in the Seventh Circuit. “The duration of this litigation,” he vented, is inexplicable and inexcusable — for it’s a pretty simple case!” Easements The […]Read More

If you work in-house at a large company, you’re probably familiar with secondments, the temporary placing of an outside attorney within the company. The term is military in origin, referring to sending off an officer to aid another organization but the idea is the same: Admiral IP Lawyer joins the team for a few months […]

Federal Reserve officials are split into two camps, according to Wall Street Journal’s Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast. As The Wall Street Journal reports, Federal […]

Submitted by Bill Bonner via Bonner & Partners, Investors are losing confidence… They’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numbskulls who buy back shares in their companies at record prices just before a major selloff? Or maybe they’re wondering whether the world’s $200 trillion […]Read More