Beijing, which has struggled for more than a week to bend the market to its will, unveiled yet another battery of measures to arrest the sell-off, and the People's Bank of China said it would step up support to brokerages enlisted to prop up shares.
UPDATE: NYSE reopens after four hour suspension ~ link ~
New York Stock Exchange stops trading after computer "glitch" ~ link ~ link ~ Either someone is sending a message with the triple attack on the NYSE, WSJ and airlines, or the powers that be 'pulled the plug' today on the NYSE to prevent a collapse, and the WSJ and airlines computer problems are just 'smoke screen' to divert attention!!! Stirling
The New York Stock Exchange (NYSE) has suspended trading on all shares for technical reasons, but says there is no cyber attack. The NYSE said it would provide more details as soon as possible. All open orders would be cancelled, according to Reuters.
The Wall Street Journal website is also experiencing technical problems.
United Airlines has computer 'issues' and all its flights are grounded ~ link ~
Greece and the EU Situation ~ link ~
Washington has a higher interest than the interests of the US financial interests who purchased discounted sovereign debt with a view toward profiting from a deal that pays 100 cents on the dollar. Washington also has higher interest than the interests of the European One Percent intent on using Greece’s indebtedness to loot the country of its national assets. Washington’s higher interest is the protection of the unity of the EU and, thereby, NATO, Washington’s mechanism for bringing conflict to Russia.
If the inflexible Germans were to have Greece booted from the EU, Greece’s turn to Russia and financial rescue would put the same idea in the heads of Italy and Spain and perhaps ultimately France. NATO would unravel as Southern Europe became members of Russia’s Eurasian trade bloc, and American power would unravel with NATO.
This is simply unacceptable to Washington.
The World is Engaged in the Same Lie as Greece ~ link ~
Karl Denninger of Market-Ticker.org says the US is headed for the same fate as Greece. Denninger says, “Not only have they not cut anything, but they have been expanding the spending of government, the debt taken on, at twice the rate of economic output. This is going to explode in our face. If we as Americans do not put a stop to this, we are going to face what Greece is facing now.”
Denninger also predicts that the next financial calamity is on the way and guaranteed to be much bigger than the 2008 meltdown. Denninger explains, “In 2000, for us to bring the economy back into balance, we needed to have a 10% contraction in GDP top to bottom. In 2007, I ran the same calculations and the number was closer to 20%. It is now approaching 40%. . . . This sounds impossible. It is not, and furthermore, it is survivable if you break the medical monopolies. They go from 19% of GDP to 3 ½%, five times overrepresented right now. That’s $1 trillion.”
Despite efforts to stem the losses, the dramatic sell-off in China's main stock market continued on Wednesday, with the Shanghai Composite plunging 6.8%. That took share values nearly 30% below their June peak.
China facing the largest stock market crash since the Great Depression ~ link ~
US Treasury Dept.: Europe must 'restructure' the Greek debt ~ link ~ Yes, but the key question is the 'haircut' that the banksters must take and how big this 'haircut' is to be! Otherwise it is all BS. Stirling
Massive anti-austerity demonstrations in the UK ~ link ~ Notice how it is the masses that have to put up with Austerity Fascism not the .01%. Stirling
Anti-austerity campaigners are to hold nationwide protest rallies to demand an end to the Conservative government’s spending cuts.
Organized by the People’s Assembly Against Austerity, the protests are to take place in more than 40 cities across the UK, including Manchester, and Newcastle on Wednesday.
Over one million vulnerable pensioners without state care in UK ~ link ~
A newly-published report by a British charity has revealed that more than one million British pensioners are struggling at home alone without proper social care.
According to the report by Age UK, these vulnerable people have trouble washing, dressing and getting out of bed and are in urgent need of assistance.
“Not only are they without help from the social care system, they are also not getting it from family, friends or neighbours either,” said director of Age UK, Caroline Abrahams.
Next generation S-350 Russian mid-range air defense missiles replacing the S-300 ~ link ~
Russian air defense is getting ready to deploy S-350 Vityaz mobile SAMs to replace outgoing versions of S-300 anti-aircraft systems. The core of the new system features missiles with state-of-the-art active radar-homing warheads.