Michael Snyder – May 23, 2016
If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet. Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, Moody’s just downgraded their debt to two levels above junk status, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities.
Tyler Durden – May 22, 2016
When the news hit on May 5 that Turkey’s Prime Minister Ahmet Davutoglu would unexpectedly stand down from his post as a result of sharply escalating fighting behind the scenes over president Tayyip Erdogan’s relentless attempt to rule Turkey with virtually no checks and balances, the market was not happy, and the volatility of the Turkish Lira soared the most in the past decade.
Since then the Turkish market has modestly tamed, even if the Erdogan’s push for supreme control has done anything but, and during today’s congress of Turkey’s AKP, Erdogan confirmed an impotent lapdog, Binali Yildirim – a close ally for two decades and a co-founder of the ruling AK Party – as his new prime minister on Sunday, which as Reuters explained was “a big step towards the stronger presidential powers [Erdogan] has long sought.” In plain English, Turkey is unofficially a dictatorship, in which Erdogan is president only in title and in reality a supreme despot as there is no longer anyone who can politically challenge the president.
Elsevier Health Sciences – May 23, 2016
The spread of yellow fever (YF) is a global health threat. In response to current outbreaks in Angola, other African countries, and China, which represents the first ever documented cases of YF in Asia, the World Health Organization (WHO) convened an emergency committee on May 19, 2016 to underscore the severity of the outbreak. In the current issue of the International Journal of Infectious Diseases, noted infectious disease authorities from South Africa and Singapore explain the epidemiology and ecology of YF and discuss the factors that can increase and decrease the likelihood of progression from outbreak to epidemic.
Raymond Ibrahim – May 22, 2016
The man known as the pope and the vicar of Christ – but who in light of what follows is probably best referred to by his real name, Jorge Mario Bergoglio – recently gave an interview demonstrating why “so many people think he is the anti-Christ.”
Bob Unruh – May 24, 2016
An affidavit in one of the court cases resulting from an undercover video investigation of Planned Parenthood’s for-profit sale of the body parts of unborn babies reveals a Texas prosecutor shared confidential details with Planned Parenthood during the investigation.
“The recent filings by the Harris County district attorney confirm that the DA shared confidential documents and information with abortion provider Planned Parenthood, colluding with it in the prosecution of David Daleiden,” said Daleiden’s attorney, Thomas More Society special counsel Peter Breen.
Leonardo Blair – May 23, 2016
Youth Trans Critical Professionals, a group of “psychologists, social workers, doctors, medical ethicists, and academics” who identify as “pro-gay-rights” and “left-leaning,” say vulnerable children are being recruited online to believe they are transgender and mental health professionals are affirming the belief of these victims.
“We are alarmed by the trend among mental health professionals to affirm a young person’s self-diagnosis as transgender with minimal exploration. In many cases, these young people come to identify as trans after binges on social media sites such as tumblr, reddit, or YouTube on their website.
Tim Hume and Jomana Karadsheh – May 24, 2016
(CNN)The United Nations says it fears for the safety of an estimated 10,000 families trapped in Falluja as Iraqi forces press in to retake the city from ISIS.
Fierce fighting has been raging around Falluja since Iraq’s military launched an offensive Monday to reclaim the traditionally Sunni-dominated city, about 65 kilometers (40 miles) west of Baghdad, from the terror group.
And with tens of thousands of residents unable to flee the clutches of ISIS, the U.N. fears that civilians will pay a heavy toll for the liberation of the city.
David Barno and Nora Bensahel – May 24, 2016
The United States has entered an era of perpetual war. The U.S. military has been at war for 15 straight years with no end in sight, and President Obama will soon have the dubious distinction of being the only American president to have been at war for all eight years of a two-term presidency. The traditional logic of American wars — that the United States would mobilize, fight, win, and end its wars through overwhelming force of arms — no longer seems to apply. Today’s wars can be characterized more as conflicts in the gray zone, ambiguous battles with less-defined shapes and even less-clear outcomes. This increasingly blurred line between peace and war is posing a range of new challenges for the U.S. military, for elected officials, and for the nation as a whole.
Jason Douglas – May 23, 2016
LONDON—The opposing camps in the debate over the U.K.’s membership of the European Union traded blows over the economy Monday, with anti-EU campaigners criticizing an official analysis suggesting Britain could be plunged into a yearlong recession if Britons vote to leave the bloc in a referendum next month.
The U.K. treasury said in a new analysis that the British economy would likely experience “a profound shock” if voters decide to quit the 28-member EU, potentially causing “a marked deterioration in economic prosperity and security.”
AFP – May 24, 2016
Caracas (AFP) – Venezuelans on Tuesday woke up to discover that the government-controlled price of corn flour — used to make corn patty arepas, a staple of local cuisine — has risen 900 percent.
The socialist government of President Nicolas Maduro had kept the price of corn flour frozen for 15 months at 19 bolivares a kilogram (two pounds).
But late Monday the government’s Superintendent of Fair Prices increased the price to 190 bolivares a kilo, or $19 at the government rate used for imports such as medicine and scarce food.