Just another 6-year old dead boy washed up on Lesbos Nov 2 2015 • Industrial-Scale Misery As Soaked Refugees Pour Onto Greece’s Lesbos (CBC) • Record 218,000 Migrants Crossed Mediterranean In October, Says UN (AFP) • Total Of 19 Dead Recovered From Aegean Sea On Sunday (AP) • Plastic Boat Sinks Off Greece, Killing 11 Refugees (NY Times) • Refugee Crisis Was Not Unexpected, Top UN Official Says (Kath.) • Merkel’s Refugee Troubles Mount as Allies Clash on Border Plans
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RLOppenheimer New flag for EU 2015 To reiterate: People are genetically biased against change, because change means potential danger. People are also genetically biased against acknowledging this bias, because they wish to see themselves as being able to cope with both change and danger. Put together, this means that when changes come, people are largely unprepared or underprepared. Take this beyond the bias of the individual, and apply it to that of the group (s)he belongs to, the vantage point
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Unknown Drowned baby boy, Lesbos Oct 25 2015 • New Tragedy In The Aegean, Sinking 11 Dead, 4 Babies (In.gr) • ‘So Many Of Them Were Babies. We Saw At Least 30 Bodies In The Water’ (HRW) • Crunch Talks For Merkel On Refugee Crisis As Thousands More Arrive (Reuters) • Greek Banks Need Extra €14 Billion To Survive Dire Economic Downturn (Guardian) • Greek Bad Debt Rises Above 50% For The First Time, ECB Admits (Zero Hedge) • Cash
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Louise Rosskam General store in Lincoln, Vermont 1940 • US on Road to Third World (Paul Craig Roberts) • Janet Yellen Just Got Some Pretty Bad News (CNBC) • Fed’s Updated Model of Economy Suggests It’s Time to Raise Rates (Bloomberg) • China Has Created A Steel Monster And Now Must Tame It (Reuters) • VW Sticks to $24.2 Billion China Spending Plan Amid Cost Cuts (Bloomberg) • Chevron to Cut Up to 7,000 Jobs (WSJ) • Saudi Arabia Credit
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Arthur Rothstein Migratory fruit pickers’ camp in Yakima, Washington 1936 • It Is Already Too Late To Scrap China’s One-Child Policy (AEP) • Li Floats New China Five-Year Growth Minimum of Around 6.5% (Bloomberg) • China Steel Industry Outlook ‘Worst Ever Amid Unprecedented Losses’ (Zero Hedge) • 28 Chinese Investors In Fanya Metal Exchange Go Missing After Protest (Quartz) • Shell Has Biggest Loss in More Than a Decade on Price Slump (Bloomberg) • London House Prices Most Overvalued In
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Harris&Ewing National Emergency War Garden Commission display, Wash. DC 1918 • Fed Keeps Interest Rates Unchanged But Hints At December Rise (Guardian) • Fed Keeps December Rate Hike in Play (Hilsenrath) • The Death Of Monetary Policy In 1 Dismal Chart (Zero Hedge) • Inflation Fixated Central Banks Have Lost Their Way (Stephen Roach) • The Unnatural Rate Of Interest -Ultra Wonkish- (Steve Keen) • Britain Is Heading For Another 2008 Crash: Here’s Why (David Graeber) • Paris Climate Deal
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Lewis Wickes Hine Newsies Gus Hodges, 11, and brother Julius, 5, Norfolk VA 1911 • Weak US Business Spending Plans Point To Slower Economic Growth (Reuters) • Chinese Consumer Sentiment Indicator Slumps In October (CNBC) • Japan’s Retail Sales Fall Piles Pressure On Bank of Japan (CNBC) • China Steel Head Says Demand Slumping at Unprecedented Speed (Bloomberg) • Why Don’t We Save Our Steelworkers The Way We Saved Bankers? (Chakrabortty) • In China’s Alleyways, Underground Banks Move Money (WSJ)
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‘Daly’ Store, Manning, South Carolina 1941 • What’s Happened To International Bank Lending? (WEF) • Greek Creditors Refuse To Make Next Loan Payment (Zero Hedge) • ‘Giant Wave of Money’ Headed for Sweden Creates Policy Nightmare (Bloomberg) • Oil Supply Hits 85-Year High in US (Bloomberg) • Bakken Oil Companies Declare Bankruptcy (BT) • Economists Prove That Capitalism Is Unnecessary (Steve Keen) • Keen vs. Keen: Will the Real Steve Keen Please Stand Up? (Mish) • Bernanke’s Bogus Contra-Factual, 1:
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LIFE How to kiss 1942 On the day after a bunch of European countries headed into yet another -emergency- meeting, and as the refugee situation in Greece and the Balkans was more out of hand than ever before, not in the least because the numbers of refugees arriving from -in particular- Turkey are larger than ever, let’s reiterate what should always be the guiding principle driving the response to issues like this. That is, the only way to approach a
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Wyland Stanley Chalmers touring car 1922 • US Economic Data Has Never Been This Weak For This Long (Zero Hedge) • US Companies Warn of Pending Recession (WSJ) • EU Agrees To Tighten Border Controls And Slow Migrant Arrival (AP) • Tensions Rise Between European Nations Over Refugee Crisis (Bloomberg) • Greece Says Refugees Are Not Enemies, Refuses to Protect Borders From Them (WSJ) • European Trust: The Perfect Storm (Mungiu-Pippidi) • China Containerized Freight Index Collapses to Worst Level
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