United States

The United States is constructing two air bases in Kurdish-controlled northern Syria. One base is nearing finished being set up and another dual purpose military-civilian base is under construction, according to a Kurdish website. Reuters UK reports: The Erbil-based news website BasNews, quoting a military source in the Kurdish-backed Syria Democratic Forces (SDF), said most of the work on a runway in the oil town of Rmeilan in Hasaka was complete while a new air base southeast of Kobani, straddling the Turkish border, was being constructed.

Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

Yesterday, when reading the latest note by JPM's "Gandalf" head quant Marko Kolanovic, we noted something strange: for the first time we observed a JPM quant not only commenting on such sensitive topics as social fairness, but daring to challenge the oligarch orthodoxy implying that Buffett is wrong that "the babies being born in America today are the luckiest crop in history."

This is what he said:

Amid growing tensions in the Korean peninsula, over 2,000 US troops have arrived in South Korea to take part in a joint military exercise. The joint US-South Korean exercises will be largest military drills to be staged on the Korean Peninsula and are both a warning to Pyongyang as well as an effort to reassure the ‘jittery public‘ in the South. Following recent UN sanctions and citing growing enemy threats, the North Korean leader Kim Jong-un ordered his military forces to prepare for using nuclear weapons.

It never ceases to amaze (and amuse) us how much time big bank "economists" and "strategists" spend on Zero Hedge - even though we have never compensated said banks either directly or with soft dollars - instead of doing research, or spending time with their paying clients.

Just one week ago, it was CitiFX's Brent Donnelly who was "critical" why the financial media, supposedly, "highlights bearish stories" (perhaps has has missed the past 8 years of CNBC "reporting"... we don't know). This is what he said:

Give the people what they want