The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• China Stocks Sink Again: Shanghai Down 3.52% (Bloomberg) 
• China Sells Record FX In August, Shows Pressure After Devaluation (Reuters) 
• China Spending Surge Means Debts Will Only Get Larger (WSJ) 
• China Grabs Unused Funds To Spend On New Projects As Growth Slows (Reuters) 
• Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover (Bloomberg) 
• Pimco, Fidelity Stung by Collapse of Petrobras’s 100-Year Bond (Bloomberg) 
• Deutsche Bank To Cut 23,000 Jobs, A Quarter Of Its Workforce (Reuters)
• UniCredit, Italy’s Biggest Bank, Plans To Cut Around 10,000 Jobs (Reuters) 
• ‘Syria Is Emptying’ (WaPo) 
• Refugees Confounded By Merkel’s Decision To Close German Borders (Guardian) 
• Thousands Of Refugees To Lose Right Of Asylum Under EU Plans (Guardian) 
• EU Plan To Share 120,000 Refugees Has Fallen Apart (FT) 
• Border-Free Europe Unravels As Migrant Crisis Hits Record Day (Reuters) 
• Europe Fortifies Borders as Germany Predicts 1 Million Refugees (Bloomberg) 
• EU Governments Set To Back New Internment Measures (Guardian)
• Hungary Transports Refugees To Austria Before Border Clampdown (Guardian) 
• Cameron Invents The Humanitarian Offside Rule (Frankie Boyle) 
• US Officials Cover Up Housing Bubble’s Scummy Residue (David Dayen) 
• Defining Neoliberalism (Jeremy Smith) 
• One In Six Americans Go Hungry. We Can’t Succeed On An Empty Stomach (Guardian)