Watching the Anti-Freedom Actions of Francois Hollande

Anthony-Wile1

“Francois Hollande has come into his own. After nearly bankrupting France and raising taxes so aggressively that he has driven many of France’s best and brightest abroad, Hollande has found his voice as a wartime president.  Bombing Syria is not going to forestall further violence in France. In fact, such actions will surely increase the chaos and over time add to the bloodletting. But Hollande has found his voice! He bays for blood and lobbies Britain to join him in bombing Syria. The Middle East mistakes of the past decade are about to be repeated. And actually, after a point one cannot call them ‘mistakes.'”

http://www.thedailybell.com/editorials/36664/Anthony-Wile-Watching-the-Anti-Freedom-Actions-of-Francois-Hollande/

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‘There is no hiding place… our bombs will kill people’: Jeremy Corbyn

“Jeremy Corbyn today warned Labour MPs there is ‘no hiding place’ if they ignore his pleas and back British airstrikes against ISIS in Syria.  The Labour leader warned pro-bombing MPs they will have to answer to party members if they ignore grassroots opposition to military action in tomorrow’s crunch vote and support action which will lead to civilian deaths.  In an attempt to apply more pressure Stop the War supporters will march on Labour’s headquarters in London tonight after gathering in Parliament Square. Mr Corbyn was humiliated by his own shadow cabinet yesterday, when frontbenchers lined up to insist they would vote in favour of bombing ISIS.”

http://www.dailymail.co.uk/news/article-3340717/Cameron-cancels-PMQs-SEVEN-hours-debate-bombing-ISIS-Syria-airstrikes-launched-tomorrow-night.html

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Hollande begs UK Labour Party to back bombing ISIS in Syria

“President Hollande issued a dramatic appeal to Labour MPs last night to allow
Britain to join the bombing campaign against Islamic State in Syria, further
isolating Jeremy Corbyn. France’s Socialist leader said that action was needed ‘to defend our vision of mankind’. ‘I do hope that the House of Commons will be able to meet the
request of the prime minister,’ he told a news conference in Malta. Later he made clear that he was addressing all MPs, and asked them to ‘show solidarity with France’. Tom Watson, the deputy Labour leader, joined a growing mutiny against Mr
Corbyn’s refusal.”

http://www.thetimes.co.uk/tto/news/uk/defence/article4626411.ece

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Paris Attacks Spur Emergency Edict and Intense Policing in France

“All over France, from Toulouse in the south to Paris and beyond, the police have been breaking down doors, conducting searches without warrants, aggressively questioning residents, hauling suspects to police stations and putting others under house arrest.  The extraordinary steps are now perfectly legal under the state of emergency decreed by the government after the attacks on Nov. 13 in Paris that left 130 dead — a rare kind of mobilization that will continue. The French Parliament voted last week to extend the emergency for three more months, which means more warrantless searches, more interrogations, more people placed under house arrest.”

http://www.nytimes.com/2015/11/24/world/europe/in-france-some-see-the-police-security-net-as-too-harsh-paris-attacks.html

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As Distressed Debt Climbs, High-Yield Bonds Underperform

“The increase in distressed debt is being driven by low and falling commodity prices. Yields on many energy issues—which make up 14% of the high-yield market—have risen, pushing their prices lower and leading to a greater number of distressed bonds.  Distressed debt as a percentage of the high-yield corporate market has risen to its highest level since August 2012.  Investors lowering their credit quality in search of better returns haven’t been rewarded. The bonds that offered the highest yields at the end of last year have generated the lowest total return to date, and vice versa. Caa-rated bonds have suffered the largest price declines.”

http://www.schwab.com/public/schwab/nn/articles/How-Has-the-Rise-in-Distressed-Debt-Affected-the-High-Yield-Bond-Market

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We Haven’t Seen This Big Red Flag since the Great Recession

“When the economy slows down, companies in poor financial shape feel the pain first. That’s why junk bonds often point out problems before other assets do.   On Monday, one of the biggest junk bond ETFs hit its lowest level in over six years.  Yesterday, Financial Times reported that half of all corporate bonds have a junk rating, and that companies are defaulting on bond payments at the highest rate since the financial crisis. Last month, The Wall Street Journal reported that corporate downgrades are at their highest level since the Great Recession. The Federal Reserve has encouraged companies to borrow obscene amounts of money, which is a big reason for this mess…”

http://www.caseyresearch.com/articles/we-havent-seen-this-big-red-flag-since-the-great-recession

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European banks sitting on €1tn mountain of bad debt, survey finds

“European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses.  The €1tn (£706bn) of so-called non-performing loans amount to almost 6% of the total loans and advances of Europe’s banks and 10% when lending to other financial institutions are excluded. The equivalent figure for the US banking industry is around 3%. As well as bad debts, the EBA pointed to the cost inefficiencies and the cost of so-called conduct issues, such as fines, compensation and legal costs, which absorb almost 4% of banks’ operating income.”

http://www.theguardian.com/business/2015/nov/24/european-banks-one-trillion-euros-bad-debt

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4,000 silver coins found in Roman treasure trove in Swiss orchard

“The coins’ excellent condition indicated that the owner systematically stashed them away shortly after they were made, the archaeologists said. For some reason that person had buried them shortly after 294 and never retrieved them. Some of the coins, made mainly of bronze but with a 5% silver content (an unusually high amount), were buried in small leather pouches.  The archaeologists said it was impossible to determine the original value of the money due to rampant inflation at the time, but said they would have been worth at least a year or two of wages. How much the coins were worth today was beside the point, Matter said.”

http://www.theguardian.com/world/2015/nov/19/roman-treasure-found-in-swiss-orchard-exceeds-4000-coins

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The Feds Won’t Stop Terrorism This Way

“While the current rationale for encryption back doors is to fight terrorism, they wouldn’t be used just for that purpose. For proof, just look at the history of the PATRIOT Act. This law gives the US government unprecedented civil forfeiture authority over the US ‘correspondent accounts’ of any bank in the world. If an alleged terrorist or other criminal deposits money at the bank overseas, the PATRIOT Act allows the government to seize an equivalent sum of money in the correspondent account in the US.  Proponents justified the law as a necessary escalation in the ‘War on Terror.’ But the very first time the government used its new civil forfeiture authority, it had nothing to do with terrorism.”

http://www.nestmann.com/the-feds-wont-stop-terrorism-this-way

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Does fear make Americans stupid?

ddc-header1

“Terrorists strike, people feel fear, and the terrorists win. This is foolish. More Americans are killed by their cars or bathtubs, but you don’t fear those things. You shouldn’t fear terrorism either. Fear has been bad for America.  Every time the public feels afraid the politicians do something stupid. For example: We felt fear about 9-11 so we imposed the Patriot Act and the TSA on ourselves.  We felt fear about supposed weapons of mass destruction, and so we invaded Iraq. That invasion was the petri dish for ISIS.  Now we’re afraid of ISIS. So that means we must be on the verge of doing something else idiotic. Please refuse to participate in the stupidity. Instead, actively oppose it.”

https://downsizedc.org/blog/does-fear-make-americans-stupid

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