London’s new Mayor Sadiq Khan has accused Prime Minister David Cameron and defeated Tory candidate Zac Goldsmith of maintaining a nasty, negative and divisive campaign during the recent mayoral elections. Khan says the conservatives set out to divide London’s ethnic communities by adopting Donald Trump style campaign tactics during an election that broke records, with a 45.6% turnout on Thursday. The Tories have defended their tactics. Chancellor Osborne called them a robust bit of “rough and tumble,” common in today’s politics and necessary for democracy.

Millions of pounds worth of British aid to  war stricken Syria may have ended up in the hands of ISIS, according to a Government report. The revelation was made in a December report by the Department for International Development (DFID), a British government institution responsible for administering foreign spending According to the Mail Online, the DFID admits that ‘the most serious risk’ to its programmes in the war-torn country is ‘from the large scale diversion of aid, including for the purposes of terrorism’.

Submitted by Danielle DiMartino Booth via DiMartinoBooth.com,

In his latest must read presentation, Citigroup's Matt King continues to expose - and be very concerned by - the increasing helplessness (and cluelessness) of central bankers, something this website has done since 2009, fully aware how it all ends.

Take Matt King's September 2015 piece in which he warned that one of the most serious problems facing the world is that we may have hit its debt ceiling beyond which any debt creation is merely pushing on a string leading to slower growth and further deflation.

After more than 5,000 US-led coalition airstrikes against ISIS targets some Iraqis believe that the U.S. is not doing enough to eradicate the terror group. Some Iraqis blame the U.S. for supporting IS and question the effort it has made over the past two years to help Iraqi forces defeat the terror group. The U.S. military has been providing advisers and equipment to Iraqi and Kurdish forces to roll back the Islamic State. 5,000 US-led coalition airstrikes have been carried out against ISIS targets, mostly in Iraq and some in Syria, at a total cost of $7 billion.