Joan Miró Caballo, Pipa y Flor Roja (Horse Pipe and Red Flower) 1920 I was surprised to see how surprised I was, like I’m sure millions of people were, to see the term ‘fake news’ pop up in what are still called ‘respectable’ (which is by now really just another word for ‘old’) news outlets. Because a huge part of what they have been feeding their readers and viewers for years is that very thing: fake news. Who needs
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Konstantinos Polychronopoulos, Athens Christmas Day 2016 • Recession, Market Crash Next Year, Expect Rate Cuts: Rickards (CNBC) • Did Donald Trump Just Jump The ‘Dow 20,000’ Shark? (ZH) • Yuan Trading Volume Has Been Surging In December (BBG) • ECB: Monte dei Paschi Must Now Raise €8.8 Billion After Recent Withdrawals (R.) • War & The Rejection of Peace (Rossini) • Israel Claims ‘Evidence’ That Obama Orchestrated UN Resolution (G.) • Corbyn Hits Back After Obama Suggests Labour Is
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Paul Gauguin Christmas Night (The Blessing of the Oxen) , 1902-1903 • One Industry Will Keep Holding North America Together (CNBC) • China Bank Calls Documents ‘Fake’ After Bond Default Linked To Alibaba (R.) • The Trump Rally Is Young (CNBC) • What Is Productivity And Why Is The UK’s So Poor? (G.) • What’s Behind Obama’s Attacks On Putin (Carley) • British Councils Admit Massive Use Of Spying Powers On Public (G.) • Humankind Has Created 30 Trillion Tons
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William-Adolphe Bouguereau La naissance de Vénus 1879 • Alec Baldwin Offers To Play Inauguration: ‘I Wanna Sing Highway To Hell’ (G.) • Terminally Ill Dutch Boy Raises £2 Million With Nail-Painting Challenge (G.) • Syrian Chef Serves Up Slice Of Home In Greek Camp (AFP) • An Illegal Hub For Paywalled Science Papers (Nature) • The Radical Jesus (Whitehead) I was going to do a good news only Debt Rattle, but I’m afraid I’ve come up a tad
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Alfred Palmer Annette del Sur in salvage campaign, Douglas Aircraft Co., Long Beach, CA 1942 • The Connection Between Work and Dignity (B.) • 2016 Year In Review: A Clockwork Orange (Dave Collum) • A Week On Jury Duty With Rex Tillerson (Roden) • Putin Shrugs Off Trump’s Nuclear Plans, Says Democrats Sore Losers (R.) • President Xi Open to Growth in China Falling Below 6.5% (BBG) • Barclays Refuses To Settle With US DoJ Over ‘Craptacular Loans’ (G.) •
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Ben Shahn Quick lunch stand in Plain City, Ohio 1938 • Donald Trump Can’t Stop The Next Financial Crisis – Jim Rickards (MW) • “Russia Did It” – The Last Stand Of The Neocons (GEFIRA) • 94% Of All New Jobs Created During Obama Era Were Part-Time Or Contract (IC) • World Trade Falls to 2014 Level, Trump “Trade War” Might Make it Worse (WS) • Central Banks Have Cut Interest Rates 690 Times Since Lehman Brothers (CNBC) • Italian
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Shirley Temple Chrismas 1939 • Americans Are Now In More Debt Than They Were Before The Financial Crisis (MW) • Americans Want To ‘Live Big’ In The Trump Era (CNBC) • Percentage of Young Americans Living With Parents Rises to 75-Year High (WSJ) • Republican Presidents Can’t Seem To Avoid Recessions (BBG) • Plan To Tax US Imports Has Better Odds Of Becoming Law Than Many Think (CNBC) • Home Ownership Among 25-Year-Olds In England, Wales Halved In 20 Years
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Konstantinos Polychronopoulos, Athens December 2016 Apologies, but I have to talk one more time before Christmas about why I’m in Greece, again. Some of what I am about to say will repeat earlier articles, but I promise, there’s plenty of new things. Because I’m coming to grips with the situation I’m in here, seeing the landscape, seeing things in their perspective. I never had much use for -humanitarian- aid, I always had the same suspicion of what was going
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Laurits Andersen Ring At Breakfast 1898 • Most Expensive Housing Ever: A 1% Mortgage Rate Surge Changes Everything (MH) • This Christmas Americans Will Spend An Average Of $422 Per Child (EC) • Ray Dalio Says Animal Spirits Under Donald Trump Just Getting Started (F.) • Someone Has to Tell The Fed Inflation Is Not Accelerating (CEPR) • Brace Yourself For Italy’s Bankruptcy (Gavekal) • Italy Bank Rescue Won’t Fill $54 Billion Hole in Balance Sheets (BBG) • Top French
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Dorothea Lange Homeless mother and child walking from Phoenix to Imperial County CA 1939 • China Talks the Talk on Property Curbs, but Can it Walk the Walk? (BBG) • China May Be Losing Cat-and-Mouse Game With ‘Hong Kong Insurance’ Buyers (BBG) • New Italy PM Asks Parliament To Approve Borrowing €20 Billion For Banks (BBC) • After Aleppo: We Need A New Syria Policy (Ron Paul) • We’re About To Sign A Deal With Canada That’s Just As Bad
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