Disaster

A weird spectacle has been filmed in the skies of Morocco as a group of citizens say that they have witnessed clouds falling from the sky. The rare phenomenon occurred just days after weird sky sounds were heard in other parts of Morocco. Meteorologists have denied that the substance falling to the ground is clouds – saying that it would be impossible for that to occur. Instead, they say that the white fluffy substance falling to the ground in Doukkala is “artificial foam”. If the mysterious substance is artificial foam, where does it come from?

A meteorite is believed to to have killed a bus driver and injured three others in southern India. If confirmed it would be the first recorded human fatality from a piece of space rock. The meteorite crashed into the gardens of a private engineering college on Saturday. ars technica reports: According to local reports, a bus driver was killed on Saturday when a meteorite landed in the area where he was walking, damaging the window panes of nearby buses and buildings. Three other people were injured.

Syrian forces with support from their allies are creating a humanitarian crisis along the Syrian Turkish border with 110,000 refugees headed toward Turkey to escape fighting in western Aleppo, in northern Syria. Syrian government troops are within a few miles of encircling and cutting off Aleppo in a move that the locals fear can lead to siege and starvation.

While there are numerous financial institutions in the world that are full of hidden NPLs and over-leveraged, trading at extreme levels of risk, the FSA's "Too-Interconnected-To-Fail" list of systemically critical banks is where global investors' attention is really focused.

BMO Capital Markets breaks down the world's most systemically critical financial institutions using their own "special sauce" of CDS levels, CDS term structure, equity price, liquidity, and spread trends.

Just as the S&P turned red, and oil crossed back into negative territory, this happens...