Euro zone worsens in September. Spain’s recovery is non existent. In the U.S. spending is up but only in auto sales. Real estate continues to decline, pending sales drop. Retail investors are piling into the stock market while institutional investors jump ship. Afghanistan is signing the bilateral security deal to ramp up troops. Russia and UK evacuating citizens from Yemen. U.S. airstrikes in Syria are destroying its infrastructure. Obama says that the U.S. cannot stabilize Syria with Assad in power. New crisis response team flying in 2100 soldiers to Kuwait and are now being put on alert. The White Widow is back and training suicide bombers.
Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.
Current News – 09.29.2014
- Euro zone economic sentiment deteriorated in September to levels last seen in late 2013
- The European Commission said on Monday that economic sentiment in the 18 countries sharing the euro fell to 99.9 this month from 100.6 in August.
- Retail sales are down month-over-month and year-over-year in July. August and September are both projected to be weak.
- Manufacturers and Retailers Warn of Another Consumption Slowdown.Price Deflation Sets In. Spain’s consumer price index fell by 0.5% on the year in August, the biggest percentage decline since the country experienced a dip in prices in October last year. In July, prices had dropped by 0.3% after a few months of small increases.
- Personal spending however jumped 0.5%, beating the 0.4% expectations, and its equal best growth since March. What was spending focused on? Why autosales, which accounted for about half of the spending. And what funded this spending? Why subprime car loans of course; it sure wasn’t the real disposable income per capita which was a paltry $37,684 in August.
- pending home sales would tumble over 4.1% YoY, and drop 1.0% MoM (missing expectations of a 0.5% drop) and the 2nd biggest drop in 2014.
- NAR’s chief economist, says… “fewer bargain-priced homes’
- The Obama administration on Monday said the country’s giant load of student loan debt would not lead to a “meltdown”
- “None of us now expects a student loan meltdown because there is a great deal of integrity and stability in the student loan market,”
- Kazakhstan’s President has suggested establishing a free trade zone involving Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan; all bordering the Caspian Sea and oil-rich.
- “Taking into consideration the situation on the world market, we could investigate the possibility of bringing the economies of our countries closer to involve mutual trade. Before regulating the legal status of the Caspian [Sea] we may lay down the foundations for mutual economic activities.
- According to a USDA press rep, the guns are necessary for self-protection.
- “OIG Special Agents regularly conduct undercover operations and surveillance. The types of investigations conducted by OIG Special Agents include criminal activities such as fraud in farm programs; significant thefts of Government property or funds; bribery and extortion; smuggling; and assaults and threats of violence against USDA employees engaged in their official duties,” wrote a USDA spokesperson.
- “They should do what the rest of us do, call the local sheriff.”
- The British inventor of the World Wide Web warned on Saturday that the freedom of the internet is under threat by governments and corporations interested in controlling the web.
- Tim Berners-Lee, a computer scientist who invented the web 25 years ago, called for a bill of rights that would guarantee the independence of the internet and ensure users’ privacy.
- “If a company can control your access to the internet, if they can control which websites they go to, then they have tremendous control over your life,”
- “If a Government can block you going to, for example, the opposition’s political pages, then they can give you a blinkered view of reality to keep themselves in power.”
- Afghanistan will on Tuesday sign a crucial security agreement
- The United States on Monday asked Hong Kong’s leaders to show restraint amid mass democracy protests
- “The United States urges the Hong Kong authorities to exercise restraint and for protesters to express their views peacefully,” White House spokesman Josh Earnest told reporters.
- Ukraine has said it is purchasing unmanned drone aircraft from Poland,
- Speaking at the 11th Arms and Security exhibition in Kiev, Ukrainian chairman of parliament said that the government is buying drone aircraft from Poland to assist ‘anti-terrorist’ operations in rebel-held areas of eastern Ukraine.
- Meanwhile, Ukrainian prime minister Arseniy Yatsenyuk has told the UN General Assembly that despite a ceasefire had been agreed on 5 September, with a buffer zone of 30km between Ukrainian forces and separatist fighters, it was too early to consider dropping sanctions against Russia.
- Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia’s coffers by hundreds of billions if not more, when a vast pool of crude was discovered in the Kara Sea region of the Arctic Ocean, showing the region has the potential to become one of the world’s most important crude-producing areas, arguably bigger than the Gulf Of Mexico.
- Well, one person who may have been as happy as Putin is the CEO of Exxon Mobil, since the well was discovered with the help of America’s biggest energy company (and second largest by market cap after AAPL). Then again, maybe not: as Bloomberg explains “the well was drilled before the Oct. 10 deadline Exxon was granted by the U.S. government under sanctions barring American companies from working in Russia’s Arctic offshore.
- Iran has been negotiating with foreign companies for new energy exploration.
- Officials said the Teheran regime has been talking to 18 foreign companies regarding crude oil and natural gas exploration.
- The Netherlands will support the Lebanese Army with $3.2 million worth of weapons,
- A new NBC News/Wall Street Journal/Annenberg poll finds that, despite President Barack Obama’s promises to the contrary, 72% of Americans believe the United States will end up using combat troops in the war against the Islamic State (ISIS).
- The majority of active-duty troops in the US military are opposed to sending ground soldiers to Iraq to battle ISIL, and believe the US war in Iraq was not successful, according to a new survey. Slightly more than 70 percent of rank and file troops are against sending a substantial number of combat troops to fight in Iraq again, a Military Times poll released Sunday shows.
- The Syrian government has welcomed a UN Security Council (UNSC) resolution that prohibits providing support for the foreign-backed militants.
- Regarding the move as a victory for the war-torn Arab nation, Syrian Information Minister Omran al-Zoubi expressed on Sunday his government’s support for the UNSC Resolution 2178.
- The Security Council members voted unanimously to approve the resolution that intends to tighten the grip on foreign fighters in conflict zones.
- The resolution further prohibits efforts to recruit, organize, and offer supplies and funding to foreign militants.
- Even as the US and its allies on Saturday launched fresh airstrikes against the Islamic State in parts of Syria, China stressed on the need for political solutions to conflicts.
- Chinese Foreign Minister Wang Yi, in his address to the UN General Assembly on Saturday said, “We should seek political solutions” in the face of various conflicts and “coercive action should have the authorization of the Security Council.”
- The Chinese Foreign Minister also criticized the US for what he described as “interference” in the internal affairs of other countries.
- lawmakers on Sunday stepped up calls for congressional authorization of President Barack Obama’s war against Islamic State militants in Iraq and Syria,
- U.S. House Speaker John Boehner told ABC’s “This Week” that he believed Obama had the legal authority for strikes against Islamic State, but would call lawmakers back from their districts if Obama sought a resolution backing the action.
- Obama and other U.S. officials have said they believe no further vote to authorize force is needed, but political analysts warn that the war could dampen participation by anti-war Democrats in the November elections.
- Senator Tim Kaine, a Virginia Democrat, said he backed the administration’s strategy for fighting Islamic State, but did not believe that current law and the existing war resolutions gave Obama the authority to carry out the full mission.
- “We’re not supposed to start a war without Congress,” Kaine told CBS’s “Face the Nation” program. “It really concerns me that the president would assert he has the ability to do this unilaterally, when as a candidate he made very plain that the president cannot start a war without Congress.”
- The US-led coalition against jihadists in Syria struck late Sunday the entrance to the country’s main gas plant,
- is the largest in Syria,”
- U.S.-led air strikes hit grain silos and other targets in Islamic State-controlled territory in northern and eastern Syria overnight, killing civilians and wounding militants, a group
- The aircraft may have mistaken the mills and grain storage areas in the northern Syrian town of Manbij for an Islamic State base,
- Allied aircraft struck three makeshift oil refineries in an area controlled by Isis in an expansion of attacks intended to damage the militant Islamist group’s financial infrastructure.But the observatory said the refineries struck, in and around Raqqa, were owned by civilians and not Isis. A separate air strike on a plastics factory on the outskirts of Raqqa resulted in the death of a civilian, the group said.
- Syria is committed to the full implementation of the provisions of the Convention of the Prohibition of Chemical Weapons and within the frame of the OPCW.
- “The big question that remains is whether those who are supplying the terrorists with this, and other types of weapons, wilt stop their actions and abide by international law,”
- Turkey’s military on Monday deployed 35 tanks in a border town near Syria after mortar shells landed on Turkish territory, injuring three people, media reported.
- Hundreds of the Islamic State of Iraq and the Levant terrorists fled towards the Kuwaiti and Saudi borders as attacks against the ISIL’s positions in Iraq and Syria have intensified.
- The U.S. military is preparing to deploy a new crisis response force to the Middle East as threats to U.S. facilities and personnel there grow.
- Marine Corps Col. Kenneth DeTreux said the new unit is being set up and will be deployed to the U.S. Central Command area of responsibility in fiscal 2015. The 2,100 troops will be stationed throughout the theater with the headquarters element in Kuwait, he said.
- The force is “currently being built to have rotary wing and fixed wing assets based on the threat,” he told reporters at the Pentagon on Friday.
- The unit consists of about 1,200 Marines plus MV-22 Osprey transport aircraft and KC-130 refueling tankers.
- DeTreux said his unit stands ready to deploy within six hours of receiving the order. When put on high alert, it can move within an hour or two, he told reporters.
- How did the Islamic State terrorists end up in control of so much territory?
- “Well, I think our head of the intelligence community, Jim Clapper, has acknowledged that I think they underestimated what had been taking place in Syria,” Obama responded.
- As a US-led coalition continues to strike ISIL strongholds inside Syria, President Barack Obama says “we are not going to stabilize” the country under President Bashar al-Assad.
- The administration hopes that local forces, comprised of “moderate” militants in Syria and military forces and Kurdish fighters in Iraq, would lead the ground offensive against Assad
ISIL, and recapture the lost territory.
- As part of that strategy, the US Congress approved a plan earlier this month for the Pentagon to begin arming and equipping 5,000 so-called moderate insurgents in Syria.
- Pentagon leaders have said a force of up to 15,000 trained militants was required in Syria to take on both ISIL and the Assad government.
- Al-Qaeda-linked Al-Nusra Front has issued a new threatening audio message featuring its leader warning the West “will pay the heaviest price” for its actions. The Syrian group is reportedly now joining up with the estranged Islamic State militants.
- A British housewife-turned-terrorist known as the “White Widow” is training an all-woman army of suicide bombers for ISIS, it was reported Sunday.
- Lewthwaite, 30, has been the world’s most-wanted woman since Interpol issued a “red notice” for her arrest following last year’s deadly terror attack on the Westgate mall in Nairobi, Kenya.