John Vachon Trucks loaded with mattresses at San Angelo, Texas Nov 1939 • COP-21 Climate Deal In Paris Spells End Of The Fossil Era (AEP) • Oil’s Big Players Line Up for $30 Billion of Projects in Iran (Bloomberg) • India Opposes Deal To Phase Out Fossil Fuels By 2100 (Reuters) • Beijing Smog Levels So High They Move ‘Beyond Index’ (Bloomberg) • World’s Biggest Pension Fund Loses $64 Billion Amid Equity Rout (Bloomberg) • Iron Ore Falls Below $40
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Edwin Rosskam Provincetown, Massachusetts 1937 • US Black Friday Sales Fall 10% From Last Year (AP) • China’s Shadow Banking Risk Shifts To Booming Bond Market (Reuters) • Chinese Pull Back From US Property Investments (WSJ) • Chinese Cash Floods US Real Estate Market (NY Times) • Giant ‘Green Energy’ Boondoggle Flops in Spain (Tenebrarum) • How Green Energy Really Works (Tenebrarum) • Kremlin Says Putin ‘Fully Mobilized’ To Tackle Threat From Turkey (Reuters) • Vladimir Putin Announces Russian Sanctions
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Sign on Greece/FYROM border Nov 2015 How black would you like your Thanksgiving Friday slash weekend? Many Americans don’t even appreciate the term, or the events, at all anymore (or so they say), but the idea of getting what you don’t need, or want, on the cheap, will still prove irresistible. But then, when all of your desires have been fulfilled, food wise and gadget wise, and you’re still feeling empty, maybe we can help and offer a sweeping redefinition
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Russell Lee Secondhand store in Council Bluffs, Iowa 1936 • US Energy Sector “On The Cusp Of A Staggering Default Wave” (EI) • Black Friday Crowds Thin In Subdued Start To US Holiday Shopping (Reuters) • Salting The Economy To Death (Gordon) • Student Debt in America: Lend With a Smile, Collect With a Fist (NY Times) • China Calm Shattered as Brokerage Probe Sparks Selloff in Stocks (Bloomberg) • Half of Gold Output May Not Be ‘Viable’ as Price
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Jack Delano Freight train on the Chicago & North Western, Chicago to Clinton, Iowa 1943 • The $400 Billion Ripoff That Could Destroy The Greek Bailout (CNBC) • Good News, Holiday Shoppers: Retailers Are Desperate (MarketWatch) • China’s Stocks Sink Most in Three Months as Broker Probes Widen (Bloomberg) • China October Industrial Profits Fall For Fifth Straight Month (Reuters) • China’s Stock-Market Regulator is Investigating Citic Securities (WSJ) • Japan Spending Slumps Even As Unemployment Hits 20-Year Low (Reuters)
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G.G. Bain Scramble for pennies – Thanksgiving, New York Nov 1911 • China’s Desperate Commodity Sector Demands State Buy Up Surplus Metals (ZH) • China’s New Silk Road Dream (Bloomberg) • End of EU Border-Free System Could See Euro Fail, Warns Juncker (WSJ) • ECB Alternatives Could Include Penalties On Banks Hoarding Cash (Reuters) • UK Mortgage Lending Hit Seven-Year High In October (Guardian) • Osborne Plans To Eradicate Deficit Dissolve Into Puddle Of Excuses (Bell) • George Osborne Delays
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Harris&Ewing F Street, Washington, DC 1935 • European Banks Sitting On €1 Trillion Mountain Of Bad Debt (Guardian) • If China Killed Commodities Super Cycle, Fed Is About to Bury It (Bloomberg) • US, German Manufacturers Can’t Shake The Slowdown In China (Forbes) • China’s Latest Economic Indicators Make For Gloomy Reading (Bloomberg) • Iron Ore Rout Deepens as Rising Supply, Weaker Demand Feed Glut (Bloomberg) • Presenting SocGen’s 5 Black Swans For 2016 (Zero Hedge) • Elite Funds Prepare
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Kostas Tzioumakas Constantinos Polychronopoulos 2015 That’s right, I am at last able to come back to Athens, starting today. Alas, without Nicole Foss, who was supposed to join me in the city earlier this year but is back in New Zealand now. Why that plan never materialized, and why I couldn’t return myself, is all about the illness and subsequent passing of my mother, a process I write about in Eulogy for Johanna. And there are still too many things
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Russell Lee Proprietor of small store in market square, Waco, Texas Nov 1939 • Negative Interest, the War on Cash and the $10 Trillion Bail-In (Ellen Brown) • Sub-Zero Debt Increases To $2 Trillion In Eurozone On Draghi (Bloomberg) • Soaring Global Debt – The Reality Check in Numbers (O’Byrne) • The Closing Of The Global Economy (Calhoun) • Harmless Commodity Crash Accelerates As Dollar Soars (AEP) • Ireland Is Backing Itself (David McWilliams) • Greek Home Rental Costs 40%
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Kennedy and Johnson Dallas, Morning of November 22 1963 • Commodity Slump Deepens as Dollar Gains; European Stocks Slide (Bloomberg) • Europe Warned On ‘Permanent’ Downturn Amid PMIs (CNBC) • Euro Drops To Seven-Month Low As Draghi Feeds Bears (Bloomberg) • Zinc Producers Keep Cutting Back, Yet Prices Keep Falling (Bloomberg) • Barclays Bets On Stock Boom As World Money Growth Soars (AEP) • Masters of the Finance Universe Are Worried About China (Bloomberg) • Is the Surge in Stock
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