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Feb 15, 2016

The Guardian | Opinion | Australian Economy - February 15, 2016: Ending Negative Gearing Won't Matter. The Economic Risk is Already Baked In

Lindsay David
The debate on negative gearing is heating up in Canberra as Labor seeks to change policy on the most sensitive of tax issues. In the mix of this discussion is a handful of powerful lobbyists such as the Property Council of Australia (former employee: Scott Morrison) and the Housing Industry Association, who are warning that house prices and rents will rise if there is an end to negative gearing.

WSJ | Closing Forex on February 15, 2016.

The Wall Street Journal Forex Closing
Major Currencies
Monday, February 15, 2016

GATA | THE GATA DISPATCH - February 15, 2016: Turk Tells KWN Why Silver's Charts Hint at Spectacular Rise.

Submitted by cpowell on February 15, 2016. February 15, 2016

GoldMoney founder and GATA consultant James Turk today explains to King World News why price charts suggest that the price of silver is likely to soar:

The Guardian | Opinion | Turkey - February 15, 2016: Syrian Refugees in Turkey are Pawns in a Geopolitical Game by Cihuan Tugal

In September 2015, Donald Tusk, the president of the European Council, alarmingly prophesied: “We are talking about millions of potential refugees trying to reach Europe, not thousands.” In a short space of time his worries were confirmed. Today, Europe’s best bet against the mounting crisis seems to be to deploy the new regime in Turkey, the ruling Justice and Development party (AKP), with its mutating mixture of extreme nationalism, conservative religion, and militarisation. A harsh crackdown on refugees within Turkey began in October and has continued unabated. As one lawyer put it, Europe has “outsourced its border security to Turkey”.

European Markets at Close Report on February 15, 2016, by CNBC: Stocks Rally 3%, Draghi "Ready to Act" on Euro Area."

Arjun Kharpal, Alexandra Gibbs
European markets traded sharply higher on Monday, on remarks made by the European Central Bank Chief Mario Draghi and a recovery in banks and commodities.

The Guardian | Opinion | Climate Change - February 15, 2016: Why Don't We Treat Climate Change With The Rigor We Give to Terror Attacks? by Ruth Greenspan Bell.

Ruth Greenspan Bell
Extreme weather, water shortages and the spread of mosquito-borne diseases like Zika are all having very real effects on everyday realities globally, and they are all linked to a fast-heating earth system. Yet we still don’t treat climate change with the reverence we reserve for something like a terrorist attack.

Reuters | Deal - February 15, 2016: Shell Pursues Transition Plan After Sealing $53 B
By Ron Bousso
LONDON Royal Dutch Shell (RDSa.L) on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world's top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition.

U.S. Stock Market Future Indications - February 15, 2016, by MarketWatch: Dow Futures Rally More than 200 Points as Analysts Call Market Bottom

 Normal Trading in the US is Closed For Presidents Day
Sara Sjolin
U.S. stock futures moved sharply higher on Monday, mirroring solid gains in Asia where weak data spurred hopes that central banks will launch more easing measures.
Investors were also speculating whether a bottom has been reached after the recent selloff, with some analysts arguing the market is oversold in the short term.

Bloomberg View | The Editors: - February 15, 2016: Send Putin a Message in Eastern Europe.
The Editors
President Barack Obama’s new budget is very generous to the Pentagon -- at $600 billion, overly so. But one welcome proposal is a quadrupling of military spending in Eastern and Central Europe, to $3.4 billion. As a message to Russia and to ease the rising fears of the ex-Soviet Baltic states, it could be money well-spent.

The Guardian | UK | Media | Media Briefing - February 15, 2016: Today's Media Stories From The Papers.

Today's media stories from the papers

Asian Markets at Close Report on February 15, 2016, by MarketWatch: Japan Stocks Post Biggest Gains Since September, While China Slips
Chao Deng 
Shares in Japan surged Monday to post their biggest gain since September, as investors bought up recently battered financial stocks and the Japanese yen continued to ease from its strongest levels against the U.S. dollar in more than a year.