DPC Coaches at Holland House Hotel on Fifth Avenue, NY 1905 • Oil Prices Plunge After Doha Output Talks Fail (AFP) • Oil Producers Get Worst Possible Outcome, Destroy Remaining Credibility (R.) • Failure To Reach Oil Output Deal Sparks Selloff Across Emerging Markets (BBG) • Loonie, Aussie Drop After Doha Failure; Yen Near 1 1/2-Year High (BBG) • The Bad Smell Hovering Over The Global Economy (G.) • Untried, Untested, Ready: Remedies for the Global Economy (BBG Ed.) •
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Underwood&Underwood Chicago framed by Gothic stonework high in the Tribune Tower 1952 • South Korea Exports To China Tumble 15.7% In Q1 (Yonhap)
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NPC Pennsylvania Avenue storefront view, Washington DC 1921 • ECB Sees No Evidence Of Asset Bubbles: Draghi (Reuters) • China Buys ‘Recovery’ With A Record Amount Of New Debt (ZH) • Flood of Chinese Cotton Exports Sends Global Prices Tumbling (BBG) • Greek Banks’ EFSF Notes Eligible For ECB’s QE Purchases (Reuters) • Startup Investors Hit the Brakes (WSJ) • Goodrich Petroleum Files For Chapter 11 Bankruptcy Protection (WSJ) • Saudi Prince Reiterates Oil Freeze Depends on Others Joining (BBG)
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Gottscho-Schleisner Plaza buildings from Central Park, NY 1933 • A Year After European Stocks Hit Record, Crash Angst Hits Traders (BBG) • The One Chart That Shows ECB Money Printing Is Failing (Ind.) • Oil Demand Falls Much Faster Than Supply (Berman) • Oil Producers Head For Doha Counting $315 Billion Cost Of Slump (BBG) • Soured Corporate Loans Surge at Biggest US Banks on Oil (BBG) • China’s Economy Faces Recovery Without Legs (WSJ) • China’s Giant Bonfire Of
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Unknown Butler’s dredge-boat, sunk by Confederate shell, James River, VA 1864 • SocGen: Corporate America Is Nearing A ‘Toxic’ Debt Crisis (BI) • US Corporations Have $1.4 Trillion Hidden In Tax Havens: Oxfam (G.) • US Banks Not Prepared For Another Financial Crisis (G.) • The Beginning of the End of Central Bank Easing (BBG) • Negative Swap Rates Impede Kuroda’s Push To Boost Japan Lending (BBG) • Currencies Across Asia Fall Sharply Against US Dollar (WSJ) • China’s Trade
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Lewis Wickes Hine Child labor at Gorenflo Canning Co., Biloxi, Mississippi 1911 • What in the World’s Going on with Banks this Week? (WS) • The “Independent” Fed Is About to Become Partisan (JR) • IMF Cuts World Growth Forecast, Warns Over Brexit (AFP) • Don’t Trust Ben Bernanke On Helicopter Money (Steve Keen) • Bundesbank’s Weidmann Rebukes Draghi Critics In Berlin (FT) • China Rail Freight Volume Plunges 10.5%, and The Economy Still Grows 6.9%? (WS) • Peabody, World’s
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Gottscho-Schleisner Fulton Market pier, view to Manhattan over East River, NY 1934 • US Bank Stocks Are Having A Terrible 2016 (WSJ) • BofA Warns “Europe Looks Frightening” (ZH) • The Party’s Over (BBG) • Olivier Blanchard Eyes Ugly ‘End Game’ For Japan On Debt Spiral (AEP) • Smash The Mafia Elite, Treat Offshore Wealth As Terrorist Finance (Mason) • Aussie Hazards From Mortgages to Mines Lift Bond Risk (BBG) • Australia’s Housing Bubble And The Road To Private Serfdom
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Dorothea Lange Butter bean vines across the porch, Negro quarter, Memphis, Tennessee 1938 • US Banks’ Dismal First Quarter Spells Trouble For 2016 (Reuters) • US Faces ‘Disastrous’ $3.4 Trillion Pension Funding Hole (FT) • Abenomics Rebuked As BlackRock Joins $46 Billion Japan Pullout (BBG) • Beijing Risks ‘Sterling-Style’ Currency Crisis As Deflation Persists (AEP) • Chinese Buyers Double Their Aussie Property Investments, Again (BBG) • In BP’s Final $20 Billion Gulf Settlement, US Taxpayers Pay $15.3 Billion (F.) •
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Jack Delano Bridge with 5-ton coal bucket, Milwaukee Western Fuel Co 1942 • Britain Is The Heart And Soul Of Tax Evasion (RT) • How a US president and JP Morgan Made Panama and Turned It Into A Tax Haven (G.) • Cameron Faces Questions Over £200,000 Gift From Mother (Observer) • Panama Papers: Act Now. Don’t Wait For Another Crisis (Piketty) • The Next Recession Will Blow Out the US Budget (Mauldin) • Schäuble: Time is Near to End
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Wyland Stanley Pedestrians ascending steep grade, San Francisco 1935 • David Cameron’s Gift To The World: Trickle-Down Tax-Dodging (G.) • The Brexit Nightmare Is Becoming Reality (G.) • Swiss Finance Minister Offers Defense For Rich Caught Up In Panama Papers (R.) • Tax Scandal Reheats Iceland Politics (FT) • Germany Takes Aim at the European Central Bank (Spiegel) • The Eurodollar As An Economic No-Man’s Land (Kaminska) • Iran Steps Up Offense in Oil Market War With Price Discount (BBG)
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