US Treasury introduces ‘extraordinary measures’ as Feb. 27 debt deadline looms
The US government will have exhausted its emergency funds by the end of February unless Congress can once again conjure up the political will and public patience to pass a new budget deal.
Worse than Greece: Fitch says Ukraine's default risk high
The worsening political and economic circumstances in Ukraine has prompted the Fitch Ratings agency to downgrade Ukrainian debt from B to a pre–default level CCC. This is lower than Greece, and Fitch warns of future financial instability.
Some European banks need to 'die in an orderly fashion’
Weak banks need to fail in order for the European Central Banks’ stress tests on lenders to be successful and credible, the new chair of the supervisory arm of the bank Daniele Nouy said. Only "good" banks with strong capital will survive.
Use of NSA metadata to find drone targets kills civilians
Citing documents leaked by Edward Snowden and testimonies from former Joint Special Operations Command (JSOC) members, Glen Greenwald and colleague Jeremy Scahill have revealed the extent which the US military is using NSA intel to establish targets for drone strikes in an article in the Intercept. http://rt.com/news/nsa-drones-civilian-casualties-383/