United States

A think tank has warned that North Korea has the potential to launch a devastating EMP attack on U.S. power grids. An EMP attack could disrupt electrical and electronic systems needed for modern life and cause widespread chaos. The Sunday Express reports: The possibility of an electromagnetic pulse (EMP) attack, where a nuclear device is programmed to produce an electromagnetic wave with such force to destroy electronic systems, has plagued mankind since the Cold War, according to the Center for Security Policy.

Prosthetic eyeballs go for anywhere from $2,000 to $9,000 at an ocularist. You'll be thanking me for this information, as the US election ramps into high gear and the deluge of political propaganda, I mean advertising, puts sane people everywhere at severe risk of stabbing their own eyes out with knitting needles.

After refusing to even consider the possibility of a recession in the US for over a year, the first cracks in Goldman's armor are starting to appear. Over the weekend chief equity strategist David Kostin said that while the probability of a recession according to GS economists remains low, saying that "their model suggests the US has an 18% probability of recession during the next year and 24% likelihood during the next two years", Goldman's clients and investors "continue to inquire about the impact a contraction would have on the US equity market."

At the peak of the last financial crisis, as the credit liquidation wave was jumping from one highly levered product to the next, one of the hardest hit sectors was Collateralized Loan Obligations (CLO) space, where the rout and massive P&L losses across most tranches led to a revulsion for new issuance, which effectively shut down the sector for the next 3 years.

American political analyst Dr. Kevin Barrett has said that the entire political establishment in the U.S. have served Israel for decades, and will continue to do so in the future – regardless of who is elected President in the 2016 elections.  Barrett says that if Republican candidate Ted Cruz gets elected he will ignore Palestinians completely, offering Israel unwavering support in a show of  “shameful subservience”. Presstv.com reports: Speaking at a town hall meeting in South Carolina on Friday night, Cruz said, “Let me tell you this: As president, I have no intention of being neutral.