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By Tyler Durden

Friday was the second anniversary of Russia’s annexation of Crimea from Ukraine.

To mark the event, Vladimir Putin paid a visit to the island of Tuzla, where he checked in on a construction project aimed at bridging the Black Sea peninsula with the Russian mainland. The bridge, which is expected to cost somewhere in the neighborhood of €3 billion, will be the first direct link between Crimea and Russia and will span about 12 miles across the Kerch Strait.

Putin called the effort “a historical mission,” that will boost Crimea’s economic growth. It’s expected to be completed by December of 2018. Also in the works is an undersea power cable meant to help prevent the types of blackouts that have beset Crimea due to its dependence on Kiev for power.

“State-sponsored concerts and public festivities took place across Russia to commemorate the March 2014 takeover that Moscow insists followed a referendum in which Crimea residents voted overwhelmingly to swap countries,”

(“Are you him?”)

“The president’s comments were figurative,” the Kremlin later said, dryly.

The US and the West have said that Putin will eventually have to leave Crimea and return the peninsula to Ukraine. Somehow, we think all of the above seems to suggest that Moscow isn’t about to be “returning” anything to anyone anytime soon.

Meanwhile, the fate of Ukraine still “hangs” in the balance, so to speak.

…read more

Source: Putin Looks For "Someone To Hang" In Case Road To Crimea Bridge Isn’t Finished On Time

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…read more

Source: Chapter Four: The businessmen behind a global psychic empire

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By Tyler Durden

Fresh off a characteristically controversial performance at a Friday night rally in Utah where the GOP frontrunner questioned whether newfound nemisis and self-styled party elder Mitt Romney is “really a Mormon,” Donald Trump is set to speak in Arizona today and protesters are now blocking traffic on a highway.

As a local ABC affiliate reports:

“Protesters lined the streets of Fountain Hills on Saturday morning to block traffic to the Donald Trump rally.”

Air15 video showed protesters blocking Shea Boulevard with a couple of Maricopa County Sheriff Deputies on scene.

A tow truck was able to move two vehicles but the protestors remained. At one point, a jeep plowed into the protesters. No one appeared to injured.

Anti-Trump demonstrators have also taken to the city streets with the usual collection of signs and banners in a show of outrage against the billionaire. Below, find the live feed.

…read more

Source: Protesters March, Form Highway Blockade At Trump Rally In Arizona – Live Feed

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By Tyler Durden

Last week, one day before the Fed unleashed a statement that stunned Wall Street by its dovishness and admission that the Fed had been far too optimistic on the state of the US (and global) economy, when it slashed its forecast on the number of rate hikes from 4 to 2,

Second, and more important, is that as Bank of America reported earlier this week, in the latest week “during which the S&P 500 climbed 1.1%, BofAML clients were net sellers of US stocks for the seventh consecutive week. Net sales of $3.7bn were the largest since September and led by institutional clients (where net sales by this group were the second-largest in our data history). Hedge funds and private clients were also net sellers, as was the case in each of the prior two weeks, but a different group has led the selling each week. Clients sold stocks across all three size segments, and net sales of mid-caps were notably the largest since June ’09.”

BofA’s summary: “clients don’t believe the rally, continue to sell US stocks” and they were selling specifically to corporations whose repurchasing activity is near all time highs: “buybacks by corporate clients accelerated for the third consecutive week to their highest level in six months, which is also above levels at this time last year.“

Next week this “accelerating” buyback activity ends, and the question will be whether the S&P at a high enough level to give institutional investors comfort that without the buyback bid, in fact the only bid for the past seven weeks, they should now buy on their own, or will the selling, which took place as the market has soared from its recent lows in its biggest quarterly comeback ever…

… continue, only this time with a cheap debt-funded, price indiscriminate buyer on the other side to absorb all the selling. We will have the answer in just about one week’s time.

…read more

Source: Buyback Blackout Period Starts Monday: Is This The Catalyst That Ends The S&P Rally?

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Louisiana students are afraid they could lose a scholarship next year that covers a big part of their college costs. A massive state budget shortfall puts the college TOPS scholarships in jeopardy.

…read more

Source: 50,000 Louisiana college students could lose their scholarships

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Source: Pope Francis gains 100,000 Instagram followers

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By Tyler Durden

On March 3, Mitt Romney made a horrible mistake.

He got up in front of a crowd at the University of Utah and lambasted Donald Trump. “If we Republicans choose Donald Trump as our nominee, the prospects for a safe and prosperous future are greatly diminished,” Romney said. “If Donald Trump’s plans were ever implemented, the country would sink into prolonged recession.”

And that was the nice part of the speech.

Romney has thrown his hat – and voice – into the GOP melee as the party becomes more desperate to put the brakes on the Trump freight train. In what will almost certainly turn out to be an ill-fated effort to play party elder, Romney has inserted himself into a battle between Trump and the establishment and in case Mitt didn’t get the message, the establishment is on the ropes.

But Romney has another disadvantage when it comes to trading barbs with Trump. He lost the national election to President Obama in 2012. In other words, he’s a “loser.” And Trump hates losers.

Well, on Friday night, Trump was in Salt Lake City – home to the Church of Jesus Christ of Latter-day Saints’ headquarters – for a characteristically raucous campaign rally that largely consisted of the frontrunner explaining how “great” everyone is, how great he is, and how unbelievably bad he beat the field last Tuesday. But it was Trump’s Mormon comments that stole the show.

Watch below as the billionaire – who appears to think that everyone in Utah is a Mormon – asks the crowd if they know how much he loves Mormons. Next, he calls Romney a “choke artist” before asking whether anyone has actually bothered to verify Romney’s Mormon credentials.

Donald Trump: “I have a lot of friends,… Mitt Romney is not one of them. Are we sure he’s a Mormon?” https://t.co/jP5Pet0Xu6

— CNN Tonight (@CNNTonight) March 19, 2016

And outside of the rally, poilce stood guard and did their best to keep the peace as angry protesters demanded the event be “shut down.”

BREAKING: ugly scene as trump protesters tear down security tent. Officers forcefully pushed back pic.twitter.com/VLEebqVUZA

— Peter Doocy (@pdoocy) March 19, 2016

…read more

Source: "Are We Sure He’s A Mormon?": Trump Questions "Choke Artist" Romney’s Religious Credentials In Utah Rally

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By Tyler Durden

For the fourth time this year and the second time in seven days, one of Turkey’s major cities has been hit with a deadly suicide bombing.

Just six days after an explosion ripped through a transit hub in Ankara’s Kizilay neighborhood killing 34 people and wounding more than 100, a bustling shopping street in Istanbul was shaken by a powerful blast on Saturday.

The death toll now stands at 5 and frankly, it probably would have been much, much worse had the blast come later in the day. “The attack took place on Istiklal Caddesi, a pedestrian street that was relatively quiet Saturday morning but is usually thronged with shoppers, strollers and buskers later in the day,” AFP reports. “The street, which adjoins Taksim Square in the European part of the city, was evacuated after the attack.”

The area is extremely popular with tourists. The TAK – the Kurdistan Freedom Falcons – have warned foreigners about supporting the country’s tourism industry which the group says feeds the Erdogan regime.

“Tourism is one of the important sources feeding the dirty and special war, so it is a major target we aim to destroy,” the group said flatly, after last weekend’s bombing which was carried out by a 24-year-old female student and apparent TAK sympathizer named by the group as Seher Cagla Demir. “We warn the foreign and native tourists not to go to the tourist … areas in Turkey.

It wasn’t just the TAK warning tourists. The US embassy in Ankara cautioned American citizens that more attacks could be forthcoming ahead of Kurdish Nevruz.

CCTV caught the moment of Saturday’s blast:

Istanbul terror attack pic.twitter.com/APC3uSnLyt

— Malcolmite (@Malcolmite) March 19, 2016

Authorities say at least three dozen people were injured, seven of which are in critical condition.

Source via @ValkryV pic.twitter.com/EZtjbf5mY7

— Michael Horowitz (@michaelh992) March 19, 2016

The Kurdish New Year (March 21) is expected to be a dangerous time in Turkey. Erdogan has stepped up the military siege on Kurdish enclaves in the southeast and the PKK and TAK have responded in kind. Cities like Cizre have been reduced nearly to rubble and look more like Aleppo than they do like Turkish urban centers. Erdogan is also irate about Syrian Kurds’ move to declare federalism on Turkey’s southern border. Here are images from the aftermath of today’s attack:

And here’s a Google street view, which should give you an idea of what kind of targets are being hit in Turkey.

Expect either the PKK or the TAK to be blamed/claim the attack in fairly short order. This is a self-fulfilling prophecy and it was set in motion intentionally by Erdogan in the wake of last June’s elections. The more Kurdish-linked attacks there are, the more …read more

Source: Deadly Blast Rips Through Turkey’s Most Popular Tourist Street, CCTV Footage Captures Blast

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By Tyler Durden

A Boeing 737-800 operated by Dubai-based budget carrier Flydubai, flying from Dubai to Russia, crashed yesterday at 0340 local time (0040 GMT) on its second attempt to land at Rostov-on-Don airport on Saturday, Russian officials said. All 62 people on board, most of whom were Russian. were killed.

“The aircraft hit the ground and broke into pieces,” the Investigative Committee of Russia said in a statement on its website. “There were 55 passengers aboard and seven crew members. They all died.” Six of the crew were non-Russians, with LifeNews reporting citizens of Cyprus (captain), Colombia, Kirgizia, Russia, Spain (2) and the Seychelles were among the crew members.

“During the landing approach a Boeing-737 crashed. It had 55 passengers on board. All of them died,” a regional spokesman told TASS. “The plane, according to preliminary data, crashed during the second approach,” the source told Interfax.

Flydubai said in a statement that there were 44 Russians among the 55 passengers, eight Ukrainians, two Indians and one Uzbek. Four children were among the dead.

According to

A view shows the crash site of Flight FZ981

Flydubai’s CEO Ghaith al-Ghaith told a press conference in the Gulf Arab emirate that it was “too early” to determine the cause of the crash. “We will have information about the circumstances of the incident and the black box in the future, and an investigation is being conducted in cooperation with the Russian authorities and we are waiting to see the results,” Ghaith said.

The CEO added that he had no information to indicate that the pilot had issued a distress call and said both the pilot and co-pilot, a Cypriot and a Spaniard respectively, each had over 5,000 hours of flight experience.

As can be seen in the flight map below, the plane was in a mid-air holding pattern for about two hours and the crash occurred more than two hours after the plane, flight number FZ981, was scheduled to land.

Flight radar route of #FZ981 that crashed on landing https://t.co/bfeuoVdREn pic.twitter.com/QFVm3WKyX6

— RT (@RT_com) March 19, 2016

The plane came down inside the airport’s perimeter, about 250 meters (yards) short of the start of the runway. ITs wing hit the ground on its second attempt to land and burst into flames, the Rostov region’s emergency ministry said in a statement.

Dramatic, if grainy, footage from a security camera pointing towards the airport, which were broadcast on Russian television, showed a large explosion at ground level, with flames and sparks leaping high into the air.

According to the Flight Safety Foundation, there was strong wind with a speed of 12 meters per second, with gusts up to 19 meters, but visibility was reasonable. According to RT, flight FZ981 arrived in Rostov-on-Don at about 1:30am, but due to harsh weather conditions, strong side winds gusting at 25-30 meters per second, it spent the next two hours …read more

Source: Dramatic Footage Of Flydubai Boeing Crashing On Landing In Russia, Killing Everyone On Board

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