It is the 25th of June 2017

News

Dragged United Passenger Files Legal Action Over Forceful Deplaning

It was just a matter of time.

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China Reportedly Tells Military To Be Ready To "Move" To North Korea Border

According to the otherwise credible UPI, or United Press International, China has ordered its military to be on nationwide alert, in addition to areas near the North Korea border, as tensions escalate on the peninsula.

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Zimbabwe Central Bank To Accept Cows, TVs, Fridges As Collateral

Long before China Huishan Dairy Holdings, China's largest daily farmer, became known as the latest Chinese corporate fraud whose stock crashed 90% in seconds after a Muddy Waters report brought attention to its questionable shadow banking funding, exposing the company as a hollow sham and leading to the prompt departure of four of its directors who hope (in vain) to escape prison time, the company was best known for being the first ever company to do cow-collateralized stock buybacks.

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Iron Ore Prices Plunge Into Bear Market Amid Record China Glut

Just a week ago we warned of China's record glut of Iron Ore (enough to build 13,000 Eiffel Towers), and following warnings from Barclays and RBA of a likely pullback, futures in Dalian sank to lowest since November as steel sags.

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