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Frontrunning: October 16

  • Iraq forces seize Kirkuk outskirts in advance on Kurdish-held territory (Reuters)
  • Iraq-Kurd Fighting Threatens to Undo Anti-ISIS Coalition (WSJ)
  • Oil rises as fighting escalates in Iraq's oil-rich Kirkuk (Reuters)
  • Madrid moves towards direct rule over Catalonia (Reuters)
  • Spain Signals It Will Suspend Catalan Self-Rule This Week (BBG)
  • Central Bankers Cling to Stimulus Amid Weak Inflation (WSJ)
  • White House pitches corporate tax cut as win for workers (Reuters)

Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes

Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes

World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply.  Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in the green, as both European and Asian stocks are higher.

Chris Hedges: Elites "Have No Credibility Left"

Chris Hedges and David North via TruthDig.com,

On Monday, WSWS International Editorial Board Chairman David North interviewed Chris Hedges, the Pulitzer Prize-winning journalist, author, lecturer and former New York Times correspondent. Among Hedges’ best-known books are War is a Force That Gives Us Meaning, The Death of the Liberal Class, Empire of Illusion: the End of Literacy and the Triumph of Spectacle, Days of Destruction, Days of Revolt, which he co-wrote with the cartoonist Joe Sacco, and Wages of Rebellion: the Moral Imperative of Revolt.

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