Frontrunning: April 18

  • Crude's Losses Drag Ruble, Loonie Lower; Stocks Pare Their Drop (BBG)
  • Grand Oil Bargain Is Victim of Saudi Arabia's Iran Fixation (BBG)
  • Both Parties’ Presidential Front-Runners Increasingly Unpopular (WSJ)
  • It's up to you, New York: state takes center stage in election campaign (Reuters)
  • Rousseff Hangs by a Thread After Losing Impeachment Vote (BBG)
  • China March home prices rise at fastest rate in two years, top cities boom (Reuters)
  • Shaken Ecuador hunts for survivors amid 7.8 quake debris (Reuters)

How The American Neoconservatives Destroyed Mankind’s Hopes For Peace — Paul Craig Roberts

How The American Neoconservatives Destroyed Mankind’s Hopes For Peace

Paul Craig Roberts

When Ronald Reagan turned his back on the neoconservatives, fired them, and had some of them prosecuted, his administration was free of their evil influence, and President Reagan negotiated the end of the Cold War with Soviet President Gorbachev. The military/security complex, the CIA, and the neocons were very much against ending the Cold War as their budgets, power, and ideology were threatened by the prospect of peace between the two nuclear superpowers.

Morgan Stanley Profit Plunges By More Than 50% As Trading Revenue Tumbles 40%

Morgan Stanley Profit Plunges By More Than 50% As Trading Revenue Tumbles 40%

Moments ago Morgan Stanley became the fourth major US bank to report earnings which unlike its previously reporting peers, JPM, Wells and Citi, were far more simple to digest due to the lack of bank loan balance sheet arbitrage and reliance on Net Interest Margin. After all, after Goldman Sachs, Morgan Stanley is the closest to relying almost entirely on marginal trading revenue as well as its all important wealth management unit.

Huge Crack Appears On Dorset’s Jurassic Coast

A huge crack running for 100m (328ft) has opened up along a section of the Jurassic Coast in Dorset. It was said to be over a metre deep on April 12th and appeared between Bowleaze Cove and Redcliff Point at Preston near Weymouth. People have been urged to stay away  from the popular clifftop beauty spot a as the soil is very unstable. This area is well-known for landslips due to its geology of permeable limestone over impermeable clay. The movement has been going on for several years but this latest slip has happened quickly.

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