Franklin

Back in 2013, markets tumbled (if briefly) on the news that Detroit would file for bankruptcy, at the time the biggest municipal bankruptcy in US history with over $18 billion in liabilities. Yesterday, algos barely even bothered to look up when Puerto Rico's governor announced that the US Commonwealth would submit Title III (aka bankruptcy) protection, despite a debt load of more than $70 billion, or nearly four times greater than Detroit's.

Authored by Paul Brodsky via Macro-Allocation.com,

“Be even more suspicious…of all those who employ the term we or us without your permission. This is another form of surreptitious conscription, designed to suggest that we are all agreed on our interests and identity.”- Christopher Hitchens

Authored by Jim Quinn via The Burning Platform blog,

Authored by Carey Wedler via TheAntiMedia.org,

The CIA’s chickens have come home to roost as distrust of the agency swells amid recent revelations from Wikileaks regarding the agency’s extensive spying and hacking practices.

Via Ben Hunt of Salient Partners' Epsilon Theory blog,