UK - The European Union is "disastrous" for Britain, a Cabinet minister has warned in a clear warning to the Prime Minister that members of his top team are preparing to campaign to leave the EU. In a Telegraph article, Chris Grayling makes clear that he does not believe in staying in the EU “with our current terms of membership unchanged” and warns that Brussels is heading down “a path that the UK will not and should not follow”. His article is carefully worded but effectively puts the Prime Minister on notice that he is preparing to play a prominent role in the campaign to leave the EU. Mr Grayling also calls for fellow eurosceptics to conduct the referendum campaign in a “grown-up and mature way” and makes clear that the Prime Minister will not have to quit if he loses the coming debate.
USA - The scholars behind the study asked the question: “who really rules?” Researchers Martin Gilens along with Benjamin I Page concluded that over the past few decades in particular, the US political system has gradually changed in a way that has warped the Democratic Republic into a nearly pure oligarchy, where the elite 1% rule with almost total influence and control over the government and even police state apparatus.
CANADA - It was just yesterday when we documented the continuing slide in the loonie, which is suffering mightily in the face of oil’s inexorable decline. As regular readers are no doubt acutely aware, Canada is struggling through a dramatic economic adjustment, especially in Alberta, the heart of the country’s oil patch.
SAUDI ARABIA - Saudi Arabia's King Salman bin Abdulaziz Al Saud is suffering from periodic blackouts and inability to speak, a new report says. The health of the 80-year-old monarch is increasingly deteriorating and he is under regular medical care, the Palestinian Manar online newspaper cited an Arab official as saying on Wednesday. The unnamed source further said that King Salman has lost awareness of his surroundings, prompting physicians to advise his sons to restrict their father’s public appearances in a bid not to disclose the worsening conditions. The king is said to have been confined in one of the rooms of his palace. There has been mounting discontent at the Saudi king's decisions, including his controversial appointments, the brutal and costly war against impoverished Yemen, and the execution of prominent Shia cleric Nimr al-Nimr.
USA - Wall Street's disastrous start to 2016 has caused roughly $1 trillion to vanish from the stock market. The eye-popping losses highlight the deep fears that have gripped financial markets over China's economic slowdown and crashing oil prices.
USA - Notorious "uber bear" Albert Edwards warns that the world is about to "reap the whirlwind" of the US Fed's quantitative easing. Notorious “uber bear” Albert Edwards has warned of “global deflation and recession” in his latest notes to clients, predicting that US stocks could lose almost three-quarters of their value.
USA - When it comes to Texas' relationship with the Federal government, the word "rocky" comes to mind. And nobody embodies said rockiness better than Texas governor Greg Abbott, who recently made headlines after announcing that irrelevant of DC's demands, Texas would refuse to accept any Syrian refugees.
USA - President Barack Obama has vigorously defended his legacy while striking an optimistic note for America's future in his final State of the Union address. He criticised the negative tone of the current presidential race, arguing the US has the "strongest, most durable economy in the world".
USA - Rand Paul’s signature “Audit the Fed” legislation failed to garner the 60 votes needed in the Senate to move the measure forward. Of course, this is merely the latest in a never-ending series of banker victories, and a truly devastating blow against liberty, free markets, transparency and any hope for government by the people and for the people. Ensuring that light is never shined on the Fed’s shady, corrupt and unaccountable bailout activities has always been a key goal of the American oligarchy, and they succeeded once again.
USA -Republican Virginia state Senator Dick Black said Saudi Arabia and Turkey are the greatest threats to world peace in an interview with RT, adding that Saudi Arabia’s “absolute barbarity” is overlooked because of its long-standing relationship with the US.
POLAND - From the courts to the media, Poland's new government has passed a number of new reforms that have the EU concerned about creeping autocracy. Complaints thus far have fallen on deaf ears in Warsaw, triggering calls for firmer action from Brussels.
NORTH KOREA - North Korea claims it’s ready to detonate its H-bomb capable of wiping out the whole of the US “all at once.” The comments come amid increased week-long tensions on the Korean Peninsula following Pyongyang’s claim about its latest underground nuclear test.
USA - In anticipation of President Barack Obama’s last State of the Union Address on Tuesday night, Franklin Graham said he could already reveal the condition of our nation – it is broken, morally, spiritually, politically, and racially. [He] added that he hoped President Obama would “turn to God for wisdom and direction” in leading America for his last 12 months in office. “Tonight the president is set to give his final State of the Union address,” said Graham in a January 12 post on Facebook. “I can tell you the state of our union. Our nation is broken - it's broken morally; it's broken spiritually; it's broken politically; it's broken racially,” he said.
USA - Families who have digital smart energy meters installed in their homes could find the devices are being used to spy on their habits, campaigners have warned. A Mail investigation has discovered how marketing firms are targeting data collected by smart meters, which reveal how customers use their gas and electricity, and hoping to turn the information they provide in to a steady stream of cash. Experts say the devices might be used to provide companies with clues to information about customers’ lives which can be used for profit. Privacy campaigners fear that in the most extreme cases sensitive data could be sold onto healthcare companies which could try and sell specially targeted goods and services to these customers.
USA - On the coldest morning New York City has seen this winter, a stream of teenage students hit a bottleneck at the front of a Brooklyn school building. They shed their jackets, gloves and belts, shivering as they wait to pass through a metal detector and send their backpacks through an x-ray machine. School safety agents stand nearby, poised to step in if the alarm bleats.