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  • In a speech delivered Tuesday in Paris, billionaire investor George Soros warned that the world could be on the brink of another devastating financial crisis, as debt crises reemerge in Europe and a strengthening dollar pressures both the US's emerging- and developed-market rivals.And Europe, with Italy dragging worries about the possible dissolution of the euro back to the forefront, won't be far behind. Political pressures like the dissolution of its transatlantic alliance with the US will eventually translate into economic harm. Presently, Europe is facing three pressing problems: The refugee...

    Frontrunning: May 29

    Zero Hedge
    :Tuesday, 29 May
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    Italy Sparks Global Fear of Fresh Euro Crisis (WSJ)Brazil Truckers Strike to Cost Government $2.6 Billion Through End of Year (WSJ)Delays and poison pills: NAFTA talks run out of road (Reuters)Oil Drops After Saudi-Russia Output Revival Plan Rattles Traders (BBG)Italy's fresh election risks being referendum on euro (Reuters)China and Russia Push Into Iran, Exploiting Europe’s Caution (WSJ)Kim Jong Un Sends Right-Hand Man to U.S. for Pre-Summit Talks (BBG)Shipping Pulls Back From Iran as New Nuclear Sanctions Loom (WSJ)FX Abuses Persist Even After $10 Billion in Fines, Traders Say (BBG)"Everything Has...
    Steven Brill on his new book “Tailspin,” and how American meritocracy actually produced an era of oligarchyExtreme wealth and income inequality are a threat to democracy.The Citizens United decision by the U.S. Supreme Court declared that unlimited political spending is a type of protected free speech. By this logic corporations are now people and can use their near-limitless resources to undermine democracy by subverting the will of the American people. Gangster capitalists such as the Koch Brothers -- who also do not believe in basic principles of democracy -- are...
    Commenting on today's sheer market chaos as the US and UK return from holiday, Bloomberg writes that "fixed-income markets have descended into panic amid mounting concern over the risk of Italy leaving the euro or leading to its break-up" and while Italy is suffering the biggest losses in peripheral debt, core bonds and Treasuries are spiking higher.For those who stayed away from market news over the holiday weekend, this is what happened and why we are here today: Italy PM-designate Conte gave up on efforts of forming a government after...
    The Kiev mayor was one of the most dominant fighters of his era, and he says sport gave him skills he uses every day in his new careerBefore he became one of boxing’s most dominant heavyweight champions and even longer before he entered the decidedly more treacherous arena of Ukrainian politics, a teenage Vitali Klitschko led tourists visiting Kiev on excursions through the capital. He was 16 and it was his first paying job. Thirty years later Klitschko, who was elected mayor of Kiev four years ago, is still making...
    The issue has divided the country pitching politics against faith....
    EditorialIf you think Lenin’s ideas about the revolutionary paper are dusty and out of date, then you need to get acquainted with our redesigned and turbocharged SocialistWorker.org.IF YOU’RE reading this article at SocialistWorker.org, you probably already have an idea of how important it is for the left to have its own independent publications.We need own newspapers and websites to set the record straight from all the media misinformation, to amplify the voices from the struggles that aren’t always heard, to tell the radical history that isn’t taught in school, to...
    Rachel Maddow looks at the role of the potential impeachment of Donald Trump in Democratic politics, and Steve Kornacki talks with former Rep. Tom Davis about how political miscalculations about impeaching Bill Clinton ahead of midterm elections ended up...
    France's fourth-richest man was not only a giant of industry, but also an influential figure in the country's politics and media scenes. Former French President Nikolas Sarkozy said he had "lost a friend."...

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