Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55290 Sat, 25 Oct 2014 14:17:54 GMT Putin Warns Of Risk Of "Global Anarchy", Says Dollar Losing Reserve Currency Status iehi-feed-55276 Thu, 23 Oct 2014 14:33:54 GMT Russia Loses Oil Ally in De Margerie After Moscow Crash iehi-feed-55274 Thu, 23 Oct 2014 13:55:12 GMT Big nations snub Beijing bank launch after US lobbying iehi-feed-55253 Tue, 21 Oct 2014 17:59:41 GMT UBS Private Wealth Boss To Stand Trial in US The biggest fish to be caught in the net is now about to have his day in court. On October 14th jury selection started in a federal court in Florida for the trial of Raoul Weil, who as head of UBS's global private-banking business was responsible for the division that had fallen foul of the authorities. In 2009 America issued an international arrest warrant for Mr Weil. He was nabbed last year at an Italian hotel, while on holiday with his wife, and was extradited to the United States, where he has been under house arrest.

Prosecutors allege that Mr Weil, as head of UBS's wealth-management division, oversaw and knew about efforts by a team of 60 or so Switzerland-based private bankers to court American clients and to help them hide as much as $20 billion of undeclared money. This was done using sham companies and foundations, according to court filings.

iehi-feed-55242 Sat, 18 Oct 2014 14:54:18 GMT ISIS fighters withdraw from Syria's embattled Kobani iehi-feed-55241 Sat, 18 Oct 2014 14:53:23 GMT Europe will reconcile with Russia, and soon. It can't afford not to After months of escalating tensions over Ukraine and talk of a new cold war, Russia and the West could soon reach a surprising rapprochement. The eurozone economy is suffering badly and sanctions against Russia are partly to blame. Winter is also upon us, and that reminds every-one Vladimir Putin still holds the cards when it comes to supplying gas.

The clincher, though, is that Ukraine is heading towards financial meltdown. Unless an extremely large bailout is delivered soon, there will be a default, sending shockwaves through the global economy. That's a risk nobody wants to take -- least of all Washington, London or Berlin.

iehi-feed-55219 Tue, 14 Oct 2014 20:44:09 GMT Ukraine crisis: Putin orders thousands of troops away from border iehi-feed-55217 Tue, 14 Oct 2014 20:30:13 GMT The Ukraine, As We Know It, Is Gone Forever - Mike Whitney interviews The Saker iehi-feed-55213 Tue, 14 Oct 2014 15:56:23 GMT Why Oil Is Plunging: US "Handshake Deal" With Saudis iehi-feed-55210 Tue, 14 Oct 2014 03:28:49 GMT Popular Silver Blogger's Site Pulled By Google Based On Mystery Court Order iehi-feed-55207 Mon, 13 Oct 2014 17:14:04 GMT "Isolated" Russia Watch: 8th Largest Bank in World Opening Operations in Russia. It's Chinese. iehi-feed-55202 Mon, 13 Oct 2014 15:04:33 GMT "De-Dollarizing" Russia Pays Down Near-Record $53 Billion In Debt In Third Quarter iehi-feed-55195 Fri, 10 Oct 2014 15:33:12 GMT The Consequences of the Economic Peace - Grant Williams iehi-feed-55193 Fri, 10 Oct 2014 15:12:09 GMT What's the deal between Iran and the US? - Pepe Escobar iehi-feed-55191 Fri, 10 Oct 2014 15:02:38 GMT Russia and the west should stop punishing one another How can we stop the downward spiral of sanctions? Two things need to be done. First, there should be a peace treaty between Ukraine and Russia, combining an agreement on borders with a commitment from Kiev to uphold the rights of Russian speakers, and a commitment from Moscow to stop supporting the rebels in eastern Ukraine. This offers both sides a face-saving way out. Second, Russia and the west should reconfirm their commitment to the so-called Helsinki

principles: respect of territorial integrity and human rights. The Helsinki Accords will turn 40 next summer. This would be a good time to renew these vows. If Moscow chooses this course, the west should begin to dismantle the


It sounds idealistic, and perhaps it is. Just in case, Finland and Sweden should join Nato in due course. Moscow might complain that the western sphere of influence was again expanding. But these two countries are already part of the west. Their membership in Nato would benefit Russia: it would bring in two pragmatic countries who want to make Russia and Nato partners again. As surprising as it may sound these days, it is possible to balance idealism and pragmatism in a constructive way.

iehi-feed-55189 Thu, 09 Oct 2014 19:48:06 GMT Dutch Official: Oxygen Mask Found Around Neck of Malaysia Airlines Crash Victim ("Ruh-Roh" for NATO-Approved MH17 Story!) iehi-feed-55170 Tue, 07 Oct 2014 16:14:27 GMT Truce Bypasses Donetsk Airport, Symbol of Conflict in E. Ukraine iehi-feed-55166 Tue, 07 Oct 2014 03:37:05 GMT Obama Threatens More Sanctions Against Zimbabwe Over Russian-Platinum Deal iehi-feed-55162 Mon, 06 Oct 2014 15:53:16 GMT SWIFT Doesn't Like Being Used As A Sanctions-Bullying Whore iehi-feed-55156 Mon, 06 Oct 2014 15:06:50 GMT Putin Clans Gridlocked Over Arrest as Sanctions Bite