It's Back To Cold War Days Over The Baltic

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Authored by Wayne Madsen via The Strategic Culture Foundation, It was like a day from the 1970s. Except the close encounter between a Russian SU-27 fighter-interceptor and a US Air Force RC-135V intelligence-gathering plane and a Swedish Gulfstream IV spy plane occurred on June 10. The incident, which occurred within Polish maritime airspace near the… Read More

AMCU opening wage demand unlikely to win support of PGM producers

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SOUTH African platinum group metal (PGM) producers were unlikely to agree to the R17,000 per month minimum wage asked by the Association of Mineworkers and Construction Union (AMCU), said Bloomberg News citing Nedcor Securities analyst, Arnold van Graan. “I don’t believe these types of demands are affordable for the industry [they] would put its sustainability… Read More

UK Millennials 'Have Secret Cocaine Addiction And Drug Is Used Everywhere'

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Researchers at Substance abuse charity, Addaction, discovered cocaine use in the UK is much higher than previously thought. Approximately 80% of the respondents admitted using marijuana, while 70% said they use cocaine and crack cocaine. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> This is the most extensive study of its kind, surveyed 8,500 drug users in Scotland… Read More

South32 lowers estimated coal reserves of Illawarra Metallurgical Coal

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SOUTH32, a company listed in Sydney and Johannesburg, had lowered the estimated coal reserves at its Illawarra Metallurgical Coal project, said Reuters citing a company announcement on Monday. Coal reserves for the Bulli seam have been reduced by 22 million wet metric tonnes (Mt) to 114Mt following conclusion of a commercial agreement to relinquish a portion… Read More

UK Deploying 100 Elite Royal Marines To Gulf After Tanker Attacks

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Iran says it has summoned the British ambassador over the weekend after the UK publicly came out in support of the White House assessment pinpointing Iranian forces behind last Thursday’s two tanker attacks in the Gulf of Oman.  Last Friday Foreign Secretary Jeremy Hunt said the attacks were “almost certainly” carried out by Tehran. Hunt… Read More

How Much of Your "Wealth" Is Hostage to Bubbles and Impossible Promises?

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All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the owner sells at the top of the bubble and invests the proceeds in an asset which isn’t losing purchasing power. Transferring “wealth” to another asset bubble that is… Read More

Monday’s News Links

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[Reuters] Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting [Reuters] Strong data keeps dollar near two-week highs before Fed meeting [Reuters] Uncertainty looms as Hong Kong protests drag into new week [Reuters] Australian home price dive levels out as auctions lift [Reuters] Pressure builds on Hong Kong leader as democracy activist vows to join protests… Read More

Morning News Call – India, June 17

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To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT – COMMODITIES FOCUS Clyde Russell, Reuters Asia commodities and energy columnist, joins us to discuss crude oil… Read More

Gottfried: No, America Isn't In Danger Of Becoming A Socialist Nation

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Authored by Paul Gottfried via The American Conservative, The old S-word bugaboo has surfaced again but the real threat comes from globalism and social progressivism… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> At a dinner in his New Jersey home to which John O’Sullivan and I had both been invited, former president Richard Nixon posed the question:… Read More