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rollover

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  1. Defying a presidential veto threat, the House of Representatives passed a bill approving the construction of the Keystone XL pipeline. http://edition.cnn.com/2015/01/09/politics/nebraska-keystone-pipeline/
  2. Angela Merkel: But David, you know this is a red line for us. We can’t change the European Union’s principles on immigration just to suit you.
  3. The Germans continue to think Europe can deflate its way to recovery, austerity killing EU, but how about a Transatlantic Trade and Investment Partnership?
  4. EU made the first step and now thinking how to get out of the hole. I think, more sanction may help.
  5. Argentine stocks closed down 6.26 percent Monday, with energy companies leading the losses after US oil prices dipped below $50 a barrel for the first time since 2009. The Merval stock index closed at 8,123.70 points, with Argentine state oil company YPF losing 7.01 percent and Brazilian oil giant Petrobras losing 10.77 percent. Brazil's Petrobras also took a beating at home, as the damage sank in from falling oil prices and a corruption scandal involving alleged kickbacks to top politicians. Markets also sank Monday in Europe and the United States, weighed down by concerns about the eurozone and punishing losses for petroleum-related stocks. https://uk.news.yahoo.com/argentine-stocks-lose-6-oil-210831050.html#U2nZqOx
  6. More than three million people fear they will miss their rent or mortgage payments this month as the cost of Christmas takes its toll, according to research. One in nine people (11 per cent) who pay rent or a mortgage are worried about being able to pay their housing costs this month, equating to 3.2 million people across Britain, according to a survey by the housing charity Shelter. It follows research that showed, overall, six million Britons are thought to be at risk of falling behind with their finances this month partly due to expense hangovers from the festive season, according to the Money Advice Trust. http://www.independent.co.uk/news/uk/shelter-one-in-nine-affected-by-housing-payment-fears-9956848.html
  7. The Saudis may have irretrievably damaged their large oil fields by over-pumping salt water into the fields in an effort to maintain the fields' pressure and boost short term oil extraction. http://en.wikipedia.org/wiki/Oil_reserves_in_Saudi_Arabia
  8. It looks like Saudi can't take the foot off the gas and keep pumping the same amount of oil regardless of price.
  9. Premier of war: Yatsenyuk not seeking peaceful solution for E. Ukraine Czech President Milos Zeman has slammed Ukrainian Prime Minister Arseny Yatsenyuk, calling him “a prime minister of war” because he is unwilling to peacefully solve the civil conflict in the country. "From the statements byPM Yatsenyuk, I think that he is a ‘prime minister of war’, because he does not want a peaceful solution to the crisis [in Ukraine] recommended by the European Commission,” Yatsenyuk wants to solve Ukrainian conflict “by the use of force." According to Zeman, the current policy of Kiev authorities has two “faces.” The first is the “face” of the country’s president, Petro Poroshenko, who “may be a man of peace.” The second “face” is that of PM Yatsenyuk, who has an uncompromising position toward self-defense forces in Eastern Ukraine. Zeman said: "Maidan was not a democratic revolution, and I believe that Ukraine is in a state of civil war,” Zeman said, responding to what he described as "poorly informed people" who compared Maidan with Czechoslovakia’s Velvet Revolution in 1989. Kiev’s central Independence Square - Maidan Nezalezhnosty - was turned into a battlefield as Ukrainian protesters clashed with police through January and February. The unrest resulted in a coup that toppled Yanukovich and his government in February. Link for Damik: http://www.novinky.cz/domaci/357720-zeman-jacenuk-nechce-mirove-reseni-je-premierem-valky.html http://rt.com/news/219595-ukraine-prime-minister-war/
  10. Is Saudi Arabia running out of steam and may not be able to perform the role of global swing producer for many more years, despite being credited with oil reserves in the order of 260 billion barrels?
  11. Banks respond to ring-fence plansThe UK's biggest banks will tell the Bank of England this week how they plan to respond to controversial new rules designed to protect consumers from lenders’ riskier investment banking arms. The rules require large banks to legally separate their volatile wholesale arms from their UK retail banks. Although some of these banks to submit plans this week are not yet of a size that requires them to meet the ring-fencing requirements, any bank that expects to be by 2019 must submit details of their expected structuring. https://uk.finance.yahoo.com/news/banks-respond-ring-fence-plans-201524291.html
  12. Merkel prepared to let Greece exit eurozoneGerman Chancellor Angela Merkel is prepared to let Greece leave the eurozone if Greeks elect a government that jettisons the country's current austerity course. https://uk.news.yahoo.com/merkel-prepared-let-greece-exit-214815049.html#lFvfhtu
  13. Euro Global Reserve Holdings Decrease to Lowest in a DecadeThe percentage of global reserve holdings of the euro fell to the least in more than a decade in the third quarter, according to International Monetary Fund figures. fell to 22.6 percent, according to the data, the least since 2002. The $1.4 trillion in euros held by central banks worldwide were down from $1.5 trillion in the second quarter. The U.S. dollar, with $3.9 trillion in holdings, up from $3.8 trillion. “This is really big news” that reflects “emergency selling” of the euro, Sebastien Galy, a senior currency strategist at Societe Generale SA in New York, said by phone. “The loss of status as a foreign reserve in the short term is very good for risky assets in the euro zone, because it means euro-dollar is actually going to drop more. And that’s very good, of course, for the euro zone in terms of the inflation expectations and equities.” http://www.bloomberg.com/news/2014-12-31/euro-global-reserve-holdings-decrease-to-lowest-in-a-decade.html
  14. Syrian opposition to discuss Russian peace planThe main Western-backed Syrian opposition group opened a three-day meeting Friday to discuss a range of issues, including a Russian initiative to hold peace talks in Moscow to broker a resolution to Syria's civil war. The meeting comes amid a push by Russia, a key supporter of President Bashar Assad, to try to bring the Syrian government and the opposition together in Moscow for talks to end a civil war. https://uk.news.yahoo.com/syrian-opposition-discuss-russian-peace-plan-113705969.html#ITIpLTL
  15. It's probably both. Oversupply play big part of it.
  16. U.S. sanctions take toll on Yamal LNGFrance's Total and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic's biggest liquefied natural gas development. But they're still looking for a way around a freeze in U.S. financing. Coface is France's answer to the U.S. Ex-Im bank. Novatek executives including CEO Leonid Mikhelson and co-owner Gennady Timchenko, who is on a sanctions list, have said they hope to receive more than $10 billion from Chinese banks. Total has also raised the possibility of backing from other European export-credit agencies, as well as Russian financing. Novatek, Russia's second-largest gas producer, has requested about $2.5 billion to finance Yamal from the country's Wellbeing Fund. http://www.arcticgas.gov/2014/us-sanctions-take-toll-yamal-lng
  17. Iran says Saudi Arabia should move to curb oil price fallFalling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump. Hossein Amir Abdollahian described Saudi Arabia's inaction in the face of a six-month slide in oil prices as a strategic mistake and said he still hoped the kingdom, Tehran's main rival in the Gulf, would respond. The comments highlight continued tensions between the Shi'ite Muslim republic and Sunni Muslim kingdom, locked in a battle for regional power and influence despite hopes of rapprochement since the inauguration of Iran's President Hassan Rouhani in August 2013. http://www.cnbc.com/id/102304969
  18. Warlords and armed groups threaten Ukraine’s rebuilding A minority of the fighters were ideologically motivated members of far-right movements. These included the ultra-conservative Right Sector and the notorious Azov brigade, whose members had been shunned during the Maidan protests because of their white-supremacist, anti-democratic views. Other volunteer brigades, such as the Dnepr-1, were recruited by business oligarchs, who financed them and commanded their loyalty. In the months that followed, most were integrated into the interior or defense ministries as special-status units. But now several of these units, especially those linked to oligarchs or the far right, are revealing a dark side. In recent months, they have threatened and kidnapped government officials, boasted that they will take power if Ukrainian President Petro Poroshenko fails to defeat Russia, and they served as armed muscle in illegal attempts to take over businesses or seize local governments. In August, members of the Dnepr-1 battalion kidnapped the head of Ukraine’s state land fund to prevent him replacing an official deemed inimical to business interests. On Dec. 15, these volunteer units interdicted a humanitarian convoy destined for the Russia-controlled Donbas, where a major emergency is emerging. On Dec. 23, the Azov brigade announced that it was taking control of order in the eastern port city of Mariupol, without official approval from local or national officials. Government prosecutors have opened 38 criminal cases against members of the Aidar battalion alone. A pattern of blatant disregard for the chain of command, lawlessness and racketeering is posing a growing threat to Ukraine’s stability at a critical juncture. Concern about volunteer groupings is widely shared in the Poroshenko administration, which reportedly raised the question of dealing with these dangers at a meeting in November of his National Security and Defense Council. Most alarming, however, is the role of Ukraine’s interior minister, Arsen Avakov. Instead of reining in these fighters, conducting background checks on their records and reassigning those who pass muster, he instead has offered them new heavy weapons, including tanks and armored personnel carriers, and given them enhanced brigade status. Amazingly, in September he even named a leader of the neo-Nazi Azov brigade to head the police in the Kiev region. Equally worrying is the activity of Ihor Kolomoyskyy, the governor of Dnipropetrovsk oblast. Kolomoyskyy, who played a crucial and widely respected role in stabilizing his East Ukrainian region, is now flouting central authority by interdicting aid convoys headed to the Donbas and permitting brigades he finances to engage in activities that contravene the law. What can be done? Poroshenko clearly wants this problem resolved but has been reluctant or unable to act. For him to succeed will likely require coordination with Prime Minister Arseniy Yatsenyuk, who has also been slow to address the threat, possibly because Avakov is one of his key political allies. Western donors, however, must make countering incipient warlordism a top priority and press Ukraine’s leaders to reassign qualified members of the volunteer brigades into regular militia and military units. Ukraine’s elected leaders can no longer sweep this emerging threat under the rug for fear of stoking resistance or stirring up negative international headlines. http://www.washingtonpost.com/opinions/the-rise-of-warlords-threatens-ukraines-recovery/2014/12/30/a23b2d36-8f7b-11e4-a412-4b735edc7175_story.html
  19. Warlords and armed groups threaten Ukraine’s rebuilding A minority of the fighters were ideologically motivated members of far-right movements. These included the ultra-conservative Right Sector and the notorious Azov brigade, whose members had been shunned during the Maidan protests because of their white-supremacist, anti-democratic views. Other volunteer brigades, such as the Dnepr-1, were recruited by business oligarchs, who financed them and commanded their loyalty. In the months that followed, most were integrated into the interior or defense ministries as special-status units. But now several of these units, especially those linked to oligarchs or the far right, are revealing a dark side. In recent months, they have threatened and kidnapped government officials, boasted that they will take power if Ukrainian President Petro Poroshenko fails to defeat Russia, and they served as armed muscle in illegal attempts to take over businesses or seize local governments. In August, members of the Dnepr-1 battalion kidnapped the head of Ukraine’s state land fund to prevent him replacing an official deemed inimical to business interests. On Dec. 15, these volunteer units interdicted a humanitarian convoy destined for the Russia-controlled Donbas, where a major emergency is emerging. On Dec. 23, the Azov brigade announced that it was taking control of order in the eastern port city of Mariupol, without official approval from local or national officials. Government prosecutors have opened 38 criminal cases against members of the Aidar battalion alone. A pattern of blatant disregard for the chain of command, lawlessness and racketeering is posing a growing threat to Ukraine’s stability at a critical juncture. Concern about volunteer groupings is widely shared in the Poroshenko administration, which reportedly raised the question of dealing with these dangers at a meeting in November of his National Security and Defense Council. Most alarming, however, is the role of Ukraine’s interior minister, Arsen Avakov. Instead of reining in these fighters, conducting background checks on their records and reassigning those who pass muster, he instead has offered them new heavy weapons, including tanks and armored personnel carriers, and given them enhanced brigade status. Amazingly, in September he even named a leader of the neo-Nazi Azov brigade to head the police in the Kiev region. Equally worrying is the activity of Ihor Kolomoyskyy, the governor of Dnipropetrovsk oblast. Kolomoyskyy, who played a crucial and widely respected role in stabilizing his East Ukrainian region, is now flouting central authority by interdicting aid convoys headed to the Donbas and permitting brigades he finances to engage in activities that contravene the law. What can be done? Poroshenko clearly wants this problem resolved but has been reluctant or unable to act. For him to succeed will likely require coordination with Prime Minister Arseniy Yatsenyuk, who has also been slow to address the threat, possibly because Avakov is one of his key political allies. Western donors, however, must make countering incipient warlordism a top priority and press Ukraine’s leaders to reassign qualified members of the volunteer brigades into regular militia and military units. Ukraine’s elected leaders can no longer sweep this emerging threat under the rug for fear of stoking resistance or stirring up negative international headlines. http://www.washingtonpost.com/opinions/the-rise-of-warlords-threatens-ukraines-recovery/2014/12/30/a23b2d36-8f7b-11e4-a412-4b735edc7175_story.html
  20. It Is Time To Play Your AceYou've got to know when to hold 'em Know when to fold 'em Know when to walk away And know when to run You never count your money When you're sittin' at the table There'll be time enough for countin' When the dealin's done. First, Russia should join with China in a new gold, oil and natural resource backed monetary union as an alternative to the failed debt democracy model pushed by Wall Street, the central bank cartel and self-serving politicians in the West. It simply does not work in the long term to finance prosperity and improved standards of living through mountains of debt placed on future generations. Second, Russia should act offensively rather than defensively on the financial front by creating corporate tax-free/low income tax zones and welcoming corporations, successful individuals and entrepreneurs to take up residence and create jobs and prosperity. The Hong Kong model does work to create industry, service industry and free-market prosperity and to win, Russia needs far more than a resource-based economy. http://www.zerohedge.com/news/2014-12-26/putin-it-time-play-your-ace-hole
  21. Lower oil prices should help boost Global Economy and Europe also is expected to benefit from it. But Deflation it's big problem for ECB debt.
  22. CIA fingerprints’ all over Kiev massacreThe armed coup in Kiev is painfully similar to CIA operations to oust unwanted foreign leaders in Iran, Chile and Venezuela, said US filmmaker Oliver Stone after interviewing Ukraine’s ousted president for a documentary. “Details to follow in the documentary, but it seems clear that the so-called ‘shooters’ who killed 14 police men, wounded some 85, and killed 45 protesting civilians, were outside third party agitators,” he said. “Many witnesses, including Yanukovych and police officials, believe these foreign elements were introduced by pro-Western factions – with CIA fingerprints on it.” The truth is not being aired in the West,” Stone wrote. “It’s a surreal perversion of history that’s going on once again, as in Bush pre-Iraq ‘WMD’ campaign. But I believe the truth will finally come out in the West, I hope, in time to stop further insanity.” http://rt.com/news/218899-stone-kiev-massacre-cia/
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