Submitted by Robert Parry via ConsortiumNews.com,
A curious reality about Official Washington is that to have “credibility” you must accept the dominant “group thinks” whether they have any truth to them or not, a rule that applies to both the mainstream news media and the political world, even to people who deviate from the pack on other topics.
On Friday, we noted that at least some local businesses in Texas are sympathetic to the pitiable plight of the state’s beleaguered oil patch workers.
Houston-based Gramercy Cleaners on Richmond avenue, we observed, is demonstrating their compassion for the imploding energy sector by offering service discounts.
The U.S. government have been secretly colluding with Saudi Arabia who have funded the CIA’s “black op” programs in Syria. A New York Times investigation has found that President Obama authorised the CIA to arm Syrian rebels in 2013 with money and weapons from the brutal Saudi Arabian regime. Thefreethoughtsproject.com reports: Code-named Timber Sycamore, the clandestine operation initially authorized the CIA to provide nonlethal assistance and training to the rebels but not weapons.
Early last month, just as Puerto Rico Governor Alejandro García Padilla traveled to Capitol Hill in an ill-fated effort to convince lawmakers that the island’s various bankrupt public entities should be allowed to utilize US bankruptcy laws, PREPA (the commonwealth’s heavily indebted power utility) was busy cementing the largest restructuring in muni market history.
The deterioration of the indicators highlighted below point to a downside break for the late-stage cyclical bull market from 2009, according to BofAML. Should 1,867 decisively give way, the 1820 (October 2014 low) provides additional support but the bigger risk is a top that projects down to 1,600-1,575; and derspite the last 2 days' bounce, volume and breadth suggest a market under distribution or selling pressure, not primed for new highs.
Many indicators have rolled over in advance of price