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Sunday, May 18, 2014

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Gold Price Triangle Pattern Near Completion

Posted: 18 May 2014 12:50 PM PDT

marketoracle

CHARTS - Gold Price Triangle Pattern Near Completion

Posted: 18 May 2014 12:20 PM PDT

marketoracle

Gold Is Forming A Golden Triangle. Major Breakout Coming?

Posted: 18 May 2014 12:20 PM PDT

goldsilverworlds

Gold at Risk for Major Break Next Week- FOMC Policy Outlook in Focus

Posted: 18 May 2014 12:20 PM PDT

dailyfx

Precious Metals Stuck In Neutral, But That Could Soon Change

Posted: 18 May 2014 11:57 AM PDT

Gold and silver prices continue to be range-bound, for gold around $1,300 an ounce and for silver between $19 and $20 an ounce, but with the recent break-out for another safe-haven in Treasuries last week, it's possible the metals will soon break free of their recent trading ranges as well. Unfortunately for gold bulls, a move to the upside has been made more difficult by the U.S. dollar that is again strengthening, and this appears set to continue amid talk of monetary easing by the European Central Bank that could lead to a weaker euro.

The situation in the Ukraine is not improving, but gold traders seem to be getting bored with this story again despite escalating violence and there being no peaceful resolution in sight. Instead, traders pored over a bevy of U.S. economic data last week but, despite clear signs of accelerating inflation in the U.S., this generated

Alasdair Macleod: Firmer Tone for Gold & Silver

Posted: 18 May 2014 11:00 AM PDT

Alasdair Macleod: Firmer Tone for Gold & Silver

This week started with a severe markdown in gold and silver prices when markets opened in the Far East on Monday morning, taking gold down $12 to $1278 and silver only 12 cents to $19.03. The clue in this was the resilience of silver, which hardly moved: it was an attack on the gold price [...]

The post Alasdair Macleod: Firmer Tone for Gold & Silver appeared first on Silver Doctors.

Big Trouble in the Pacific – Vietnamese Mob Burns Foreign Factories in Anti-China Riots

Posted: 18 May 2014 09:00 AM PDT

Big Trouble in the Pacific – Vietnamese Mob Burns Foreign Factories in Anti-China Riots

As the war/civil unrest cycle continues to march forward, there appear to be two main geopolitical tinderboxes percolating at the moment. While we all know about Ukraine/Russia, which will only get worse in the months ahead, the South China Sea looks like it may be about to burst out into overt conflict.   Submitted by [...]

The post Big Trouble in the Pacific – Vietnamese Mob Burns Foreign Factories in Anti-China Riots appeared first on Silver Doctors.

Russia: The Cheapest Emerging Market You're Overlooking

Posted: 18 May 2014 06:54 AM PDT

Is there anything better to an investor than buying a sure-thing at dollar-store prices?

Let me throw some numbers at you to make my point: price-to-earnings multiple of 7.2, 61% cheaper than the U.S.; price-to-revenue multiple 57% cheaper; price-to-tangible book-value 80% cheaper. Return on assets, 67% better than America. Net-income margins, nearly 40% stronger.

These are some of the metrics I look at when gauging stocks and stock markets, be they big developed markets like America, or a less-big emerging market like, in this case ….Russia.

Yes, Russia.

The country's leading stocks, Russia's version of the S&P or the Dow Jones Industrial Average, represent a remarkable opportunity for investors who can see past what will ultimately prove to be a temporary flap over Ukraine. Russian stocks are simply too cheap … they're as close to a sure-thing as I can find in global stock markets today.

Let's dispatch with Ukraine

Do We Need A Catalyst For The Next Big Drop In Gold?

Posted: 18 May 2014 06:26 AM PDT

Since I warned of topping action in GLD (GLD) in the $131.50-$133 region, we have not seen much in the way of upside strength in the metals. Rather, all rallies have been quite weak.

This past week, we saw tensions escalate in the Crimea, yet, we saw the metals finish the week relatively flat. Does gold no longer care about what is going on in Crimea? The better question is, "Did it ever?" Yet, I can assure you that there are many that have been burned of late in going long on the expectation that the Crimea events will cause a significant rally in the metals.

So, it brings me to the question of what "catalyst" will cause the metals to go up? Then again, isn't the better question whether the metals are actually set up to go up so a catalyst can have an effect? Yes, I know this

7 Signs China's Economy Is Headed For Collapse

Posted: 18 May 2014 06:21 AM PDT

I have been warning for years that the greatest - and final - bubble to burst, in this century of bubbles, would be China. Now that cracks in the great red dragon's economy are widening, it's time to prepare for the worst.

China has a unique, state-driven model of capitalism that clueless economists have hailed as the "new model for economic success."

But I say China's model (and economy) will fail drastically, proving once and for all that government-planned economies do not work as well as free market capitalism balanced by democracy.

China has massively overbuilt everything: industrial capacity, housing, offices, malls, infrastructure, you name it.

It's overbuilt twice as much, and for twice as long, as any other government-driven emerging economy ever has. In fact, the last government-driven overinvestment spree occurred in Southeast Asia, and it resulted in a financial crisis between late 1997 and late 2002. And China

Greater Upside Ahead For Spectra Energy Partners

Posted: 18 May 2014 06:16 AM PDT

To quote Peter Lynch of Magellan Fund:

During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.

Hence instead of investing in drillers, we are going to invest in the modern day shovel makers, in this case, Spectra Energy Partners (SEP).

Background of Spectra Energy Partners

Spectra Energy Corporation (SE) is a Fortune 500 company, and Spectra Energy Partners is a Master Limited Partnership formed by Spectra Energy Corp. as its dedicated investment arm. By and large, they can be seen as one company, even when they are listed separately, as the management of both companies is essentially the same.

Spectra Energy Partners, based in Houston, is one of the largest fee-based MLPs in North America, and its mandate is to supply energy to underserved markets with high demand for natural gas, liquefied natural

Links 5/18/14

Posted: 18 May 2014 03:55 AM PDT

Dear readers,

Thanks for the great responses to our request for contacts with activists in Greece and Spain. The ideas and leads were very helpful.

I can decline to renew our agreement with Onswipe, which provides the mobile version of our site. The overwhelming majority of those who use mobile devices opt out and view the desktop version. If any of you would really miss the mobile offering, speak up in comments. Otherwise, I’ve gotten enough complaints that it probably should go.

Most Lethal Actors of All Time, by # of On-Screen Kills Barry Ritholtz

Third case of MERS confirmed in Illinois resident Daily News

Static Electricity Defies Simple Explanation Science

Excess heat from air conditioners causes higher nighttime temperatures PhysOrg (Chuck L)

New plastics created ‘by accident’ BBC

Top Arbitration Lawyer Says Corporate Sovereignty System Needs ‘Complete Overhaul’ Techdirt (Chuck L)

Lufthansa Halts Caracas Ticket Sales, Joining Other Carriers Bloomberg

Ken Rogoff warns China is next bubble to burst Telegraph

On high seas, Vietnam and China play tense game Associated Press

China evacuating nationals from Vietnam after wave of anti-China riots leaves two dead Agence France-Presse

‘The Regime Could Collapse Quickly’ Foreign Policy (Lambert)

A democratic anti-corruption discourse for Thailand New Mandala (Lambert)

Thaksin’s real war Bangkok Post (Lambert)

Serbian city #Obrenovac nr. Belgrade to be completely evacuated #floods Water level still rising! pic.twitter.com/4EVVXrMIAm @ Save Janjic

Greeks Head to Election Polls Discontent and Disillusioned Wall Street Journal

More than meets the eye in Nigeria… Sic Semper Tyrannis (Chuck L)

The touching, eternal optimism of liberal hawks Dan Fejes

This spread of ‘holy fascism’ is a disaster Patrick Cockburn, Independent (Chuck L)

Ukraine

Ukraine ‘sliding towards chaos’ – UN BBC

Failing Ukraine state plays in to Russia’s hands Reuters

Ukraine Rebels Ask to Join Russia as Fighters Free Leader Bloomberg

In Taking Crimea, Putin Gains a Sea of Fuel Reserves New York Times. Not news, so wonder why this is being flagged now.

Is the West DIRECTLY Responsible for the Massacres In Ukraine? George Washington

Ukraine: Recommended Reading Moon of Alabama

Big Brother is Watching You Watch

Six Reasons to Be Afraid of the Private Sector/Government Security State Truthout (Nikki)

DOJ Still Trying To Hide The Fact It Flat Out Lied To The Supreme Court About Domestic Surveillance Techdirt (Chuck L)

Looks Like Sprint Did Challenge FISC Order For Call Data, Asked If It Was Serious Techdirt (Chuck L)

Why the death of net neutrality would be a disaster for libraries Washington Post

ObamaCare Clusterfuck: Medicare doesn’t need a “CEO” because it’s a simple, rugged, and effective single payer system, not an insanely complex Rube Goldberg device Lambert. The proposal is insane and pathetic. Can we ridicule it enough to get it withdrawn? Where are the Yes Men when you really need them? And I really don’t like “CEO” applied to any government role. It looks designed to legitimate the sellout to private interests.

Social Security under 'Sustainable Solvency': Debt & Deficit Revisited Angry Bear

This 25-Year-Old Occupy Protester Could Be Sentenced To Seven Years In Prison Monday Mother Jones

New questions in FBI Boston bombing witness killing CounterPunch (Chuck L)

I Have Seen the Future, and It’s ‘Wisdom Journalism’ American Prospect. I find the coinage jarring. “Wisdom” connotes old sages loftily offering their views while “journalism” is (or should be) gumshoe types ferreting out breaking stories, scandals, and improprieties.

Warning: The Reading Could Make Students Squirm New York Times. So please tell me how we can have wise anything if students demand not to be made upset? Any good Buddhist will tell you that the human condition is about suffering and learning how to deal with that fact. As for being educated, the whole point of pretty much everything Kafka wrote is to upset readers. And the dentistry scenes in Thomas Mann are painful by design. How about great literature horrors like Medea or (not as revered) Titus Andronicus? And how many of these students who are asking for psychological protection in class are reading or watching Game of Thrones?

Geithner Pants on Fire

Geithner, Staying on Script Gretchen Morgenson, New York Times

Tim Geithner, unreliable narrator Felix Salmon. Felix flags a misrepresentation by Geithner of a 2004 speech at the NY Fed. Morgenson mentions a March 2007 speech by Geithner that he mentions in a presentation that she attended as sounding a warning. It didn’t. I wrote it up at the time and it was clearly intended to be reassuring while throwing in all the right caveats.

Tim Geithner on Alexander Hamilton: "America's Original Mr. Bailout" Matt Stoller

The Hot Seat: 'Stress Test,' by Timothy F. Geithner Michael Lewis. This isn’t a review. It’s a book report. What sexual favors were exchanged for this to happen? Oh, and the “I was just an ordinary guy” posture is pure Bob Rubin, who made the appearance of modesty a big part of his persona (too bad that never rubbed off on Larry Summers)

The record amount being borrowed by investors is a worrying sign for markets Pieria

The Right Way to Control the Banks New York Review of Books

Antidote du jour (Tracey). A selfie!

10269631_10152828274028135_8900609428296467601_n

See yesterday’s Links and Antidote du Jour here.

Stagflation Is Now On The Table

Posted: 18 May 2014 02:24 AM PDT

The one word we haven't heard tossed around for a very long time is "stagflation." Yet the message of the markets is beginning to signal just that. We're seeing slow growth from China, Japan, Europe, and the US, and most of the emerging economies around the world; and this at a time when many commodities are rising.

We haven't seen stagflation in this country for over 40 years. It's a phenomenon where the economy virtually slows to a crawl but is plagued by persistent and progressively higher prices. In the 1970s we saw the US growth rate at around plus or minus 2% for ten years. During that time we saw inflation progressively rise from 2% to 12%. Interest rates rose to 21%, unemployment to over 10%. The dollar plunged, gold soared, and the stock market fell and stayed flat on its back for a decade.

I'm not saying that

Peter Daniels Talks On "Gold" Part 2

Posted: 17 May 2014 11:00 PM PDT

Anglo Far East

Japanese Gold reserves, end of last month

Posted: 17 May 2014 09:50 PM PDT

Bank of Japan

Eastern regions of Ukraine ask to join Russia as insurgents storm border post to free rebel leader

Posted: 17 May 2014 09:08 PM PDT

Last weekend’s referendums may have passed off relatively peacefully but any complacency about the outlook should be dismissed. The breakaway regions of Donetsk and Luhansk has declared their intention to merge and join Russia, if the mother country will have them back.

Meanwhile the violence has continued with some 200 insurgents attacking the Dovzhanskyi border station yesterday to free the Luhansk insurgent leader Valeriy Bolotov, who had been detained crossing from in from Russia.

Breakaway regions

The Ostrov newswire reported that Alexander Boroday, leader of the self-proclaimed Donetsk People's Republic, said it will ask to split from Ukraine and join its eastern neighbor in the near future. The separatists have declared the regions of Donetsk and Luhansk independent and have vowed to ‘burn and wipe out’ government forces there if they don't withdraw.

‘We're going to do all of this very urgently,’ Boroday reportedly told Ostrov in remarks that echoed the Russia's annexation of the Black Sea peninsula Crimea in March. Russia has not commented on its intentions with regard to the eastern regions.

The situation remains explosive rather than merely tense in eastern Ukraine. But in the Black Sea port city of Mariupol, rebels and police agreed to end fighting three days ago under a deal brokered by Ukraine's richest man, Rinat Akhmetov who owns iron and steel plants in the city.

Quite what happens next is anybody’s guess, although the strong suspicion is still that Moscow knows only too well as this is a centrally planned operation. However, any land grab in the eastern regions could be opposed by military force and that might lead to an overt military intervention by Russia.

Black swan

The Ukraine still has the potential to quickly become a geopolitical flashpoint with enormous consequences for energy prices, gold and over-bought global stock markets. It’s an ongoing geopolitical crisis whose resolution seems far away and the liklihood of things spiraling out of control is relatively high.

The ArabianMoney investment newsletter (click here) continues to recommend staying in cash, precious metals and bonds and to avoid equities, though its exact advice is for paying subscribers only.

Jesses Cafe Americain: How long can Phase II of the gold pool be sustained?

Posted: 17 May 2014 09:02 PM PDT

GATA

An Open Letter to the Good People of Switzerland: Your Gold is Gone!

Posted: 17 May 2014 09:01 PM PDT

An Open Letter to the Good People of Switzerland: Your Gold is Gone!

I hate to be the bearer of bad news, Switzerland, but what you suspected all along is actually true. Your gold is gone. All of it. Leased and sold away by your central bankers and politicians.       By T. Ferguson, TFMetals Report: As recently as 1996, the Swiss Franc was considered “good as gold”. [...]

The post An Open Letter to the Good People of Switzerland: Your Gold is Gone! appeared first on Silver Doctors.

Geopolitics and debt monetization outlook make gold a winning investment class this year

Posted: 17 May 2014 08:06 PM PDT

Geopolitical issues by the bucket load and $5 trillion in debt to be monetized make gold a winning investment class, up almost 10 per cent this year against struggling equity markets.

Ed Moy, chief strategist at Morgan Gold, talks about the outlook for the gold market. He speaks with Adam Johnson, Scarlet Fu, and Tom Keene on Bloomberg Television’s ‘Surveillance.’ Author and economist Steven Levitt also speaks…

Gold & Silver Trading Alert: Important Price-Volume Link

Posted: 17 May 2014 07:15 PM PDT

SunshineProfits

PM Fund Manager: Smoking Gun on The Fed’s Money Laundering T-Bond Purchases

Posted: 17 May 2014 03:37 PM PDT

PM Fund Manager: Smoking Gun on The Fed's Money Laundering T-Bond Purchases

Precious Metals Fund Manager Dave Kranzler joins the show this week to discuss: Cartel capping gold at $1300 and silver at $20 London silver fix to end in August after 117 years- is the end of the silver manipulation at hand? Kranzler discusses the Smoking Gun on The Fed’s money laundering US Treasury purchases through [...]

The post PM Fund Manager: Smoking Gun on The Fed’s Money Laundering T-Bond Purchases appeared first on Silver Doctors.

This posting includes an audio/video/photo media file: Download Now

GEAB N°85 is available! European leadership crisis: the Ukrainian crisis gathers all the conditions together to give a saving jolt to Europe

Posted: 17 May 2014 01:44 PM PDT

- Public announcement GEAB N°85 (May 15, 2014) -
GEAB N°85 is available! European leadership crisis: the Ukrainian crisis gathers all the conditions together to give a saving jolt to Europe
After two deliberately alarmist issues, our team wants to get back on the path of positive anticipation. Not that Europe is yet out of trouble but Political Anticipation (1) as conceived by its inventor, Franck Biancheri, stating that man is the author of his own destiny provided that he arms himself with the means to have a good understanding of the trends at work, aims to envisage desirable and feasible futures and identify players, openings and choices to draw upon to build this desirable and feasible future. Political anticipation isn't afraid of being wrong in its forecasts (2) provided that it has contributed to a better understanding of the dynamics at work, pick up the trends supporting a positive future and show how to capitalize on these future paths. Because political anticipation isn't a crystal ball but a rational tool to help make a decision and thus "armageddonist" scenarios (3) whose purpose is to paralyse people by terrifying and crushing them will never be the basis of its business.

That said, for more than two months not only our team has let itself be overcome by a certain despair noting the incredible collapse of European political leadership (if there are no more decision-makers what can one do with our tool to help make a decision?), but we also felt that a justified pessimism would also contribute to creating the conditions for the necessary jolt.

« Europe will be forged from crises and will be the sum of the solutions to these crises", wrote Jean Monnet and the fact is that the global systemic crisis got Europe – Euroland to be exact – to take giant steps forward. It's these developments that the GEAB has accurately analysed and anticipated since 2006. But, from the beginning, as we mentioned in the last issue, the political crisis which has arisen from this huge transition has an inevitable deadline. Either European politics finds its creative energy there, or the European project and the European countries with it, go into the dustbin of history.


[…]

Layout of the full article:
1. THE UKRAINIAN CRISIS IS TESTING EUROPE'S INDEPENDENCE
2. SERIAL LOSS OF SOVEREIGNTY
3. THE HUGE CRISIS IN EUROPEAN LEADERSHIP
4. AN ALREADY VISIBLE JOLT?
5. UKRAINIAN CRISIS AND EUROPEAN ELECTIONS
6. THE EU INSTITUTIONAL BLOCKING – COULD IT BE DESIRABLE AFTER ALL?
7. GIVING AWAY THE SINGLE THOUGHT IN THE ECONOMY ... AND ELSEWEHERE

This public announcement contains excerpt from sections 5 and 6.


UKRAINIAN CRISIS AND EUROPEAN ELECTIONS
The media world shows here again its role in Europe's de-politization process. The most glaring example is the decision of the CSA that France Television, the French public television, would not re-broadcast the trans-European debates. This is outrageous! What on earth could justify such a decision? (42)

Despite this type of democratic blocking, it is yet difficult to completely escape the European election campaign which, in the context of a major crisis all over Europe, is creating the conditions for public speaking and debates bringing out different positions on issues related to Ukraine, the Euro-Russian relations, independence and peace in Europe, the weight of lobbies, the TTIP, etc. This debate is, of course, too poorly relayed by the mainstream media, but the candidates' campaign activity, through the social networks, is already creating an interesting buzz, illustrating the real opinions, which the decision makers can use to strengthen some of their actions. Let's quote again the case of the Landing Commemoration: it is not so sure that François Hollande, outside the election campaign and having a better ability to listen to opinions, would have dared impose Putin to participate. The media could have more easily thrown their hands up in horror "on behalf" of the French people. During campaigns, the politicians have the opportunity to listen more carefully to their citizens.

The candidates of the major European parties, being under a coalition for the first time in the European electoral history, are unfortunately inaudible. The media does not speak about them, we already stated that. Also, they convey a speech too low considering the seriousness of the situation and their ability to change things.

Most Europeans didn't understand the fact that these elections were different from others due to the significantly more trans-European content, thanks to their candidates and joint programs. What a pity, because, apart from the opportunity they provide for public expression, these elections will not do much things to inform European citizens about the issues facing the continent and the ways forward.

The main messages transmitted to the citizens are those asking them to vote and to trust the major parties which are not responsible for the problems (search for the error) rather than vote for the extreme-sided parties. This is called blocking the citizens' political thinking within a heartbreaking alternative: the "establishment" or Hitler. But there are dozens of small and medium-sized progressive parties (PMP) which, as well as the small and medium enterprises (SMEs), are the real platforms of political innovation. If the major parties are, unfortunately, ever-present at the national level, the European level is a virgin democratic arena which can convey a renewal space for content and political methods in Europe. Of course, these PMP are weak, very disorganized and, finally, very national (43).

But their diversity allows everyone to choose the one having a closer speech to their own and thus express their opinion. However, for a serious vote, we advise our readers to compare the intent statements and actual votes of the candidates of those parties who are already in the European Parliament (44). Hopefully, one day, the gathering of these small progressive parties on a trans-European platform could create a founding event for the European democracy.

THE EU INSTITUTIONAL BLOCKING – COULD IT BE DESIRABLE AFTER ALL?
Meanwhile, the European election and the perfectly unsound democratic system which is inaugurated there, expose the whole EU to a dreadful risk of institutional deadlock. We had described its outcome in the December issue; our analysis remains almost the same ten days before the election. We continue to anticipate serious difficulties in the process of appointing key positions of the EU system: President of the Commission, the Council Presidency, the Parliament Presidency, the Eurogroup Presidency, the EEAS Presidency. An article presented in the EUobserver newspaper describes very well the situation, we therefore recommend a careful lecture (45).

In the last issue, we even imagined that the institutional deadlock, possibly also the political one (especially caused by a breakthrough of anti-democratic parties "justifying" the interruption of the whole EU democratic process and the non-recognition of the vote) could have served certain interests. Today, our team is wondering whether the Member States would not be interested in such a blockage (an institutional one, anyway) in order to ultimately weaken the EU or even record its implosion, and launch some new dynamics ... around the euro zone, for example.

After all, if the EU institutional machinery starts to pinch, it will be perfectly legitimate to accelerate the construction of a Euro Area political union, as recommended by the GEAB since several years. We remind you that Schäuble regularly calls for the creation of a Parliament of the Euro Zone, which implies the idea of elections in the Euro Zone, meaning a new invention of modern trans-European electoral system, meaning the emergence of new trans-European parties, meaning the emergence of Euro-citizens and the inauguration of the Euro Zone polical union. And then we can say that Europe is inventing itself in times of crises and is the sum of the solutions it brings.

The current European Parliament could even go on having the control in such an evolutionary time, by launching the initiative not under the form of an ex-nihilo new Parliament, but the creation of a super-committee of the Euroland (or a sub-Parliament of the Euro Zone) gathering 28 states representatives electing a "board" composed of 18 Euro Zone member States representatives. This super-committee would instantly become the representative body, so much needed by the ECB and the Eurogroup in order to articulate democratically their decisions and give them weight and legitimacy. Some kind of a crisis, this time from above, would be foreseeable at that point, especially if the EP decides to choose a unique meeting place ... and that place would certainly not be Brussels! (46)

[…]

----------
Notes:

1 Also taught by the Foundation for Education and Training in Political Anticipation, FEFAP.

2 Of course, the success rate is an indication of the anticipations' quality, but a 100% success rate is an impossible aim. Humility is needed when we speak of the future…

3 "God sent" plagues such as meteorites, epidemics, US invincibility, global warming, etc.

42 Source: Euractiv, 06/05/2014

43 The one and only really trans-European party is Newropeans, created in 2005 by Franck Biancheri, with no national basis, directly at European level. This party chose not to run for the 2014 elections, certainly because the conditions were still not fulfilled to make more difference inside the campaign then outside. Nevertheless, Newropeans has just launched an interesting questionnaire for the candidates running the elections, on their positions concerning « « Six burning issues for historical European elections ».

44 Thanks to the website site www.votewatch.eu

45 Source: EUObserver, 12/05/2014

46 We are referencing once again the work of Europe 2020 since early 2000, speaking of the Euroring project and the "unghettoing" of the EU institutions: Euroring, for a new institutional geography of Europe.

Koos Jansen: Chinese real estate debt is being settled in silver

Posted: 17 May 2014 12:31 PM PDT

GATA

Links 5/17/14

Posted: 17 May 2014 03:55 AM PDT

A reader request from a friend of a Andrew Dittmer, who edited ECONNED and is a sometime contributor to NC:

I’m a history major at Amherst College writing my senior thesis on the European Sovereign Debt Crisis and anti-austerity protests. Andrew told me you might be able to put me in contact with activists in Europe. I’d like to focus on Greece and Spain. Those who speak English would be of greater short-term use, as well.

I’ve given him some leads. If readers have any contacts (and sympathetic journalists could be a good avenue), please write me at yves@nakedcapitalism.com with “Activists in Europe” as the headline. Thanks!

Hero Meteorologist Rescues Kitten from Tornado Rubble in Ohio Gawker. This was a good deed, but I must churlishly note the degrading of the term “hero”. Heros take risk of harm to help others. This rescue was kind, not heroic.

Rapture index closes up 1 on wlld weather, near record high Lambert

‘Biggest dinosaur ever’ discovered BBC

Recycling the Leftovers New York Times. While this is a positive development, notice it’s driven by increasing recognition of food scarcity.

Tech poison killing Chinese Asia Times

Vietnam Tries Damage Control After Anti-Chinese Riots Business Week

Narendra Modi’s difficult road ahead DW

No changes to 'umrah' schedules despite MERS scare, says minister Jakarta Post (Lambert)

Investors continue to pull out of Greece over political risks ekathimerini

Guantánamo force-feeding halted Guardian

New Revelations About GITMO "Suicides", Attorneys for Families of the Deceased Call for International Tribunal To Investigate Center for Constitutional Rights

Ukraine

Ukraine crisis: Country’s richest man steps into the breach to help calm Donbas region Independent

Vladimir Putin tells Crimea’s Tatars their future lies with Russia Guardian

Ukraine: Who Wages The Pipeline War? Moon of Alabama

Russian threats shake US rocket industry Financial Times

BlackRock: Russian Bond Market "Freezing Up" Wolf Richter

Big Brother is Watching You Watch

Obama’s NSA spying reforms fail to satisfy cyber experts Reuters

The "Automated Query" at the Telecoms Will Include "Correlations" Marcy Wheeler

Google faces deluge of requests to wipe details from search index

NSA Spying Has a Disproportionate Effect on Immigrants Atlantic

Cisco Systems Gear Reportedly Bugged By NSA SiliconBeat

Veterans scandal risks engulfing Obama Financial Times

Is this Any Way to Discuss Health Care Policy? – Television Advertising about US Health Care Reform Cost $445 Million from 2010 -2014 Health Care Renewal

Shocker: Cable TV prices went up four times the rate of inflation. ars tecnica. Chuck L: “And Wheeler wants to hand these guys more rent!”

TRNN Debate: Should The Internet Be Regulated Like A Utility? Real News

Equal Rights to Profit from Impoverishing People and Causing a Great Extinction Event Ian Welsh

6 reasons treasury yields should be higher Walter Kurtz

Regulators Fine G.M. Over Safety, Calling It a Lawbreaker New York Times

Goldman fears fallout if rivals plead guilty Financial Times. Wow, Lawsky is pressing for BNP Paribas to have its dollar clearing suspended for a period of time. That would be a very big deal.

Momentum Stock Fiasco Pricks San Francisco Housing Bubble Wolf Richter

Spring Thaw? The State of Housing in Five Charts Nick Timiraos, WSJ Economics

Housing Is Recovering. Single-Family Homes Aren't. New York Times

Class Warfare

The Minimum Wage Isn’t Just a Wage: It’s a Standard Jared Bernstein

Scott Brown says no one should work a minimum-wage job in the U.S. forever. Instead they should move to Canada. Or Germany. Or France. Or … Angry Bear

Wal-Mart Says It Won’t Oppose Increase in Minimum Wage Wall Street Journal

Piketty’s Old News US News

Faith-Based Markets Adam Levitin, Credit Slips

Today’s Must Reads. I was tempted to put up only these two links to make sure you read them:

Should markets clear? Steve Waldman

The Italian Disaster London Review of Books:

Commonplace in a Union that presents itself as a moral tutor to the world, the pollution of power by money and fraud follows from the leaching of substance or involvement in democracy. Elites freed from either real division above, or significant accountability below, can afford to enrich themselves without distraction or retribution. Exposure ceases to matter very much, as impunity becomes the rule. Like bankers, leading politicians do not go to prison. Of the fauna above, only an elderly Greek has ever suffered that indignity. But corruption is not just a function of the decline of the political order. It is also, of course, a symptom of the economic regime that has taken hold of Europe since the 1980s. In a neoliberal universe, where markets are the gauge of value, money becomes, more straightforwardly than ever before, the measure of all things. If hospitals, schools and prisons can be privatised as enterprises for profit, why not political office too?

Antidote du jour. MK: “From an Earth Day event at the Chatsworth Nature Preserve in Chatsworth, CA.”

owl-CN2A1648

See yesterday’s Links and Antidote du Jour here.

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