United Kingdom

Submitted by Mark Tovey via The Mises Institute,

• Oil extends rally towards $35 after Iran welcomes output freeze (Reuters)
• Overproduction Swamps Smaller Chinese Cities, Revealing Depth of Crisis (WSJ)
• House Flipping Is Making a Comeback in Las Vegas (BBG)
• Trump leads Republican field nationally by more than 20 points (Reuters)
• Turkey blames Kurdish militants for Ankara bomb, vows response in Syria and Iraq (Reuters)
• Brexit nerves knock FTSE as oil rally cools (Reuters)
• Fed’s Kashkari: 25% Capital Requirement May Be Right for Banks (WSJ)

Both the US and UK governments have issued new public warnings about a possible nuclear war, issuing various TV broadcasters new warning messages to play to the public in the event of an attack.  The alerts, labelled “Nuclear Attack Emergency Alert System Messages!”, are designed to prepare the public in the event of a massive nuclear attack and the radioactive fallout.

RAF Typhoon jets were scrambled on Wednesday to intercept two Russian Tu-160 Blackjack bombers heading towards UK airspace. The Telegraph reports: The Typhoon jets were dispatched from RAF Coningsby in Lincolnshire on Wednesday afternoon following the security alert. An RAF spokesman said the situation was “on-going” and was not uncommon. He said: “We have Typhoons up on a quick reaction alert. The situation is on-going.” It is believed the aircraft are with the Long Range Aviation branch of the Russian military. They have never penetrated UK airspace.

Bernie Sanders’ older brother Larry from Oxford in England, is getting undue applause from the public for having a brother named Bernie campaigning 3,000 miles away to become the next president of the United States. Sanders Junior happens to be setting the 2016 U.S. presidential campaign on fire with his socialist ideas and revolutionary approach. Larry Sanders, an 80-year-old retired academic, is a campaigner for the Green Party and has recently been appointed as the party’s national spokesman on health. Business Insider UK reports: Vermont Sen.