USA - The State Department acknowledged that the crew of the destroyer USS Donald Cook has been gravely demoralized ever since their vessel was flown over in the Black Sea by a Russian Sukhoi-24 (Su-24) fighter jet which carried neither bombs nor missiles but only an electronic warfare device.
USA - A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE - the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote about earlier, what lingers in the air of “post-taper” time is an absence of absence. For QE is not over. Instead, in the United States, the process has simply morphed from being predominantly executed by the Federal Reserve (Fed) to being executed by its major private bank members. Fed Chair, Janet Yellen, has failed to point this out in any of her speeches about the labor force, inflation, or inequality.
MIDDLE EAST - US secretary of state meets with [Palestinian Authority President] Abbas and then holds trilateral meeting with [Israeli Prime Minster] Netanyahu and [Jordanian King] Abdullah. Calm must be restored in Jerusalem before direct or regional Israeli-Palestinian peace talks can commence, said US Secretary of State John Kerry on Thursday, following a meeting in Amman with Prime Minister Benjamin Netanyahu and King Abdullah of Jordan.
ISRAEL - As the bloodthirsty demon of Arab terror once again raises its ugly head this week and claims innocent Jewish lives, the public debate over infraction of the 'status quo' on the Temple Mount reaches a deafening, uncivil, and disproportionate level. It’s the old game of blaming the victim, with some going so far as to say that the Jews who want to pray peacefully on the Temple Mount, are causing all the problems.
MIDDLE EAST - Militant leaders from the Islamic State group and al-Qaida gathered at a farm house in northern Syria last week and agreed on a plan to stop fighting each other and work together against their opponents, a high-level Syrian opposition official and a rebel commander have told The Associated Press.
USA - Former US Secretary of State Henry Kissinger has given a chilling assessment of a new geopolitical situation taking shape amid the Ukrainian crisis, warning of a possible new Cold War and calling the West’s approach to the crisis a “fatal mistake.” The 91-year-old diplomat characterized the tense relations as exhibiting the danger of “another Cold War.”
RUSSIA - Russia intends to have its own international inter-bank system up and running by May 2015. The Central Bank of Russia says it needs to speed up preparations for its version of SWIFT in case of possible “challenges” from the West.
UK - Britain can ban European Union migrants from claiming "special non-contributory cash benefits" for up to five years, according to a landmark judgement in Luxembourg. The EU courts have ruled that it is up to the Government, not Brussels, how it drafts legislation that excludes foreign, European nationals from claiming social assistance benefits. As well as asserting national sovereignty over out-of-work welfare benefits, the European Court of Justice has stopped unemployed migrants from using human rights legislation to appeal against measures blocking them from benefits.
USA - Do you want to know why Millennials seem so angry? We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the "American Dream". We told them not to worry about accumulating very high levels of student loan debt because there would be good jobs waiting for them at the end of the rainbow once they graduated.
USA - Scientists report that they found evidence of six kinds of toxic flame retardants in Americans. The researchers tested urine samples from California residents and found detectable levels of a rarely studied group of flame retardants known as phosphates, and one — tris-(2-chloroethyl) phosphate (TCEP) — has never been seen in Americans before. TCEP, a known carcinogen that can also damage people’s nervous and reproductive systems, was detected in 75 percent of the people tested, the scientists said. This flame retardant is used in polyurethane foam, plastics, polyester resins and textiles. Another cancer-causing flame retardant detected in nearly all of the study participants was TDCIPP (chlorinated tris), which is similar to TCEP. This came as a surprise because TDCIPP was phased out of children’s pajamas in the 1970s, the researchers noted.
UK - The Church of England has raised alarm over the Education Secretary Nicky Morgan’s drive to make schools teach “British values” branding it potentially dangerous, divisive and undemocratic. The Church, which is responsible for the schooling of around a million children in England, voiced fears that what it sees as a narrow definition of British values introduced in the wake of the Trojan Horse scandal is being used as a test of whether people are "loyal" and "safe". It singled out the use of inspectors to "police" whether schools are promoting ideas about equality and diversity as a major concern. And it accused Mrs Morgan of giving herself and her successors "very wide powers" and "closing down" public debate. The warning comes after complaints that new guidelines, designed to prevent infiltration by Muslim extremists following allegations surrounding schools in Birmingham, are being used against faith schools in general.
UK - Britain's chances of exiting the EU are ‘just under 50 per cent’ and will increase unless other member states agree to qualify the right to free movement for migrants, Sir John Major warned last night. The former Conservative prime minister – the last to win a Commons majority – used a speech in Germany to say the UK welcomed hardworking incomers but the ‘sheer scale of the influx’ had put ‘strains on our health, welfare, housing and education services’.
UK - Dozens of traders face prosecution after five banks were fined £2.6 billion yesterday for fixing currency markets. Damning transcripts of City workers bragging about making ‘free money’ and laughing at ‘numpties’ not in on their scam were published by regulators. Calling themselves ‘players’, ‘musketeers’ or members of the ‘A-Team’, the traders congratulate each other on ‘killing it’ with rigged deals.
USA - It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts. “We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."
JORDAN - Palestinian Authority leader Mahmoud Abbas is to meet Washington's top diplomat to discuss the upsurge in violence in Jerusalem, Judea and Samaria, his spokesman told AFP on Wednesday. The meeting with US Secretary of State John Kerry will take place in the Jordanian capital at 1:00 pm (1100 GMT) on Thursday, Nabil Abu Rudeina said.