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Small EU Firms Hold Mountain Of Debt, Could Be Next Major Headache For Banks 

The European Union is doing the same as they did in 2008-09, extend and pretend, dishing out cheap loans to businesses and hoping for a recovery.  What’s worrying today is that excessive optimism comes as European governments invest in the recovery by increasing public spending as the central bank keeps rates low and floods capital…

Major Airstrikes Rock Iran-Backed Iraqi Militias Near Baghdad, Casualties Reported

update: Moments ago US Central Command denied that the United States was involved in the reported airstrikes on Iraqi paramilitary positions south of Baghdad. New: @CENTCOM isn’t aware of **any** strikes tonight in #Iraq per @Reuters. https://t.co/CbeMDYCDlf — Jason Brodsky (@JasonMBrodsky) January 19, 2021 * * * In what could be the start of a last-minute…

China Reports Stronger Than Expected GDP, Is Only Major Economy To Grow In 2020

China, which a little over a year ago unleashed a global pandemic on the world which reshaped economies, global supply chains, capital markets, and societies and was directly responsible for the downfall of a US president, was hell bent on demonstrating that it was the biggest winner from said plague, and early on Monday local…

2020 Saw Unprecedented Murder Spike In Major U.S. Cities

In late December the Associated Press reported that 2020 was on track to become the deadliest year in U.S. history with the total number of deaths forecast to rise 15 percent compared to 2019, primarily due to the coronavirus pandemic. There were also several other smaller contributory factors, however, including higher death tolls from heart & circulatory…

Facebook Played Major Role Coordinating 'Capitol Riot' As Sandberg Deflects Blame

Over the last week, Twitter alternative Parler was summarily executed by Amazon, which kicked the conservative social media platform off of its servers due to ‘far-right’ users coordinating last week’s protest at the Capitol which turned into a riot after a small group split off, gained access to the Capitol building, and ran amok. Now…

Oil Algos Confused By Crude Draw, Major Product Build, Weak Demand

After ramping notably overnight (after API reported a big surprise crude draw), WTI tumbled back below $53 this morning as the dollar strengthened, and as Bloomberg reports, even with Saudi Arabia’s pledge to unilaterally cut oil output, the supply picture remains precarious. Oil inventories for the Organization for Economic Co-operation and Development are 160 million…

Pompeo Accuses Iran Of Being Major Al-Qaeda State Sponsor

On Tuesday the Trump administration is expected to once again go on the anti-Iran offensive a day after on Monday it declared its intent to label Yemen’s Iran-backed Houthi rebels a designated terrorist organization. Secretary of State Mike Pompeo will accuse Iran of aiding and sheltering top al-Qaeda terrorists in an anticipated speech on Tuesday, Reuters…

Brexit Creates Major Problem For UK Energy Companies

Authored by Leonard Hyman and William Tilles via OilPrice.com, In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with excess reserves like Canada and those in deficit. The UK is in a deficit by about 7% of its annual requirements. Undersea…

All Major Western Media Outlets Take "Private Dinners", "Sponsored Trips" From Chinese Communist Propaganda Front

By Natalie Winters of The National Pulse A host of corporate media outlets including CNN, The New York Times, The Washington Post, and MSNBC have participated in private dinners and sponsored trips with the China-United States Exchange Foundation, a Chinese Communist Party-funded group seeking to garner “favorable coverage” and “disseminate positive messages” regarding China, The…

Major Covid Vaccine Glitch Emerges: Most Europeans, Including Hospital Staff, Refuse To Take It

All is not going according to plan in the biggest global rollout of what is arguably the most important vaccine in a century, and it is not just growing US mistrust in the covid injection effort that was rolled out in record time: an unexpected spike in allergic reactions to the Pfizer/BioNTech vaccine (and now,…

Pandemic Now Reaches Every Continent After Major Outbreak At Antarctic Research Base

Until this week Antarctica was the last continent on earth that was entirely coronavirus free. But now local news reports say there’s been a significant outbreak at Chile’s permanently staffed O’Higgins research base. There have now been at least 36 positive COVID-19 cases confirmed there, after Chile mobilized a major effort to transfer the infected to the city…

'Elite' Californians Are Making Major Hospital 'Donations' To Jump The Line For COVID Vaccinations

Given that Pfizer’s vaccine is in short supply and stringent temperature requirements for shipment and storage have limited vaccinations only to frontline hospital workers and long term elderly patients – there’s a growing movement among wealthy Americans offering five-figure donations to hospitals to cut in line and receive an early dose of the vaccine.  Wealthy…

5G “Small Cell” Guidelines and Ordinance Writers Had Major Conflicts of Interest, According to Berkeley, CA Activists

By B.N. Frank California residents have been tireless in their activism against cell towers and antennas – both 4G and 5G – being installed near their homes, kids’ schools, and throughout their communities (see 1, 2, 3, 4, 5, 6, 7, 8, 9, 10. 11, 12, 13). An op-ed signed by 24 activists provides valid…

“No Exceptions” – UPS Places Shipping Limits On Major Retailers Amid Online Sales Boom

By Tyler Durden An internal memo reviewed by WSJ and confirmed by United Parcel Service workers outlines how the package delivery company imposed shipping restrictions on major retailers on Cyber Monday as the unprecedented pandemic-fueled online shopping season stretched delivery networks thin. The memo informs delivery drivers that on Cyber Monday, they were not to pick…

Home Prices In Every Major City Jump More Than Double The Fed’s Inflation Target

While various Fed speakers are vowing this week that there will be no rate hikes until at least 2023 or 2024, the Fed may be surprised to learn that if it were to broaden its definition of inflation, it would find it is quite ample already. One month ago, we looked at the housing market…

Tech Adviser Primed For “Major Role” In Biden Admin Recently Authored Book Denouncing Section 230

The frontrunner to be Joe Biden’s technology adviser is seen as someone who would likely pave the way to more technology regulation. And among that regulation could be a roll back of the coveted Section 230, which big tech companies have been hiding behind while selectively censoring their users in the name of wokeness.  As…

Goldman Capitulates On “Major” Stimulus, Now Sees Just $700BN Fiscal Aid In Early 2021

Back on September 24, long after we repeatedly said that any hopes for another major stimulus before the election (and certainly after, absent a Democratic sweep) was nothing but a pipe dream, Goldman – which until that point had predicted that Congress would pass a $1.5-$2 trillion fiscal stimulus “shortly” – threw in the towel…

European Vega Rocket Suffers ‘Major Failure’, $400 Million In Satellites Destroyed 

A European Vega rocket suffered a cataphoric failure shortly after launch on Monday evening, leading to the loss of $400 million in satellites for Spain and France, reported Space News.  Around 2053 ET Monday, the Vega rocket blasted off from the spaceport at Kourou, French Guiana. The rocket’s initial phases appeared to go well, but…

Two Major Mall Landlords File Bankruptcy Amid Retail “Carnage”

By Tyler Durden While the Wall Street crowd has since moved on from shorting malls, aka the “Big Short 2.0”, in some distinct cases with massive profits, to shorting hotels which as we first presented here earlier this year has emerged as the “Big Short 3.0” trade, this weekend we got a vivid reminder of…

Coronavirus shock: How Neil Ferguson was bankrolled by major pharmaceutical companies

NEIL FERGUSON, one of the Government’s senior scientific advisors on the coronavirus response was financed by the pharmaceutical industry in the run-up to the 2009 Swine Flu pandemic, unearthed reports reveal. Professor Neil Ferguson is one of the most senior advisors to the Government on the coronavirus outbreak. Tasked with shaping the UK’s response, Prof Ferguson sits on the…