Debt Market Cracks Expanding as Cycle Impact Intensifies
"Every single major world central bank is either raising rates, cutting QE, or both."
Survey: Investor Optimism Highest Since Crash of ’87
"The difference between bulls and bears hasn't been this high in 30 years, according to Investors Intelligence. The last time investor sentiment was this far apart, stocks rallied – until they didn’t. The Dow Jones Industrial Average collapsed 22 percent on Oct. 19, 1987, the worst one-day selloff in history. Euphoria is a dangerous stage in the market cycle -- when investors feel invulnerable and start to overpay for stocks. They become complacent with the expectation that they can sell their stocks to a 'bigger sucker.'"
Saudi Arabia intercepts ballistic missile near capital Riyadh
"The Saudi air force shot down the alleged weapon on Saturday, Al Arabiya reports, adding that no damage has been caused. The missile was allegedly aimed at the King Khalid International Airport. Yemeni Houthi forces have claimed responsibility for the attempted strike, Al Jazeera reported, citing a spokesman for the rebels. A missile with a range of more than 800 kilometers (500 miles) was launched toward Riyadh late Saturday, having flown more than 500 kilometers (300 miles) over the border."
Post 9/11 AUMF Law Gives Trump Power to Wage Perpetual War
"Post 9/11 authorization to use military force has been used to intervene in 19 countries. Congress ought to reclaim its authority to declare war, explains Col. Larry Wilkerson."
US nuclear arsenal upgrade to exceed $1 trillion
"That planned modernization would increase the total costs of maintaining the current number of nuclear weapons and delivery system by 50 percent over normal operating costs, according to the CBO. The trillion-dollar question on everybody’s mind is: How exactly will the US government foot the bill for such a massive program?"
Bermuda offshore wealth firm reveals 2016 hack of client data
"According to Appleby's website, its experts advise global public and private companies, financial institutions, and 'high net worth' individuals. A profile on Chambers and Partners says its clients include financial institutions, FTSE 100 and Fortune 500 companies."
Researchers: Government shouldn’t use AI if it can’t explain decisions
"Government institutions are already blindly following the direction the algorithms give. A report by ProPublica found that an algorithmic system for criminal sentencing was biased against black people—not by understanding the color of their skin but by using flawed data correlated with race. Teachers in Texas recently won a case where their job performance was being evaluated by an algorithm—a circuit court found that the unexplainable software violated the teachers’ 14th amendment rights to due process."
Japan’s Abe to push for rearmament, war powers after election win
"Amending the charter’s pacifist Article 9 would be hugely symbolic for Japan. Supporters see it as the foundation of post-war democracy but many conservatives view it as a humiliating imposition after Japan’s defeat in 1945. It would also be a victory for Abe, whose conservative agenda of restoring traditional values, stressing obligations to the state over individual rights and loosening constraints on the military, centers on revising the constitution."
Trump Unleashes CIA Kill Teams In Afghanistan
"Trump previously loosened CIA drone strike rules in Afghanistan that will now allow for some civilian casualties relative to the importance of the target. 'We’ll be here as long as it takes until you change your mind,' Secretary of State Rex Tillerson said recently in a message to the Taliban."
Millions of high-security crypto keys crippled by newly discovered flaw
"A crippling flaw in a widely used code library has fatally undermined the security of millions of encryption keys used in some of the highest-stakes settings, including national identity cards, software- and application-signing, and trusted platform modules protecting government and corporate computers."
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