Tuesday's News Links

[Bloomberg] Venezuela's Currency Just Collapsed 30% on the Black Market

[Bloomberg] Chinese Stocks Surge Most Since 2008 for World’s Biggest Rally

[Bloomberg] German Bonds Jump as Multiplying Political Risks Spur Safety Bid

[Bloomberg] Dollar Jumps on Fed Rate Outlook as Italian, Spanish Bonds Fall

[Reuters] Varoufakis says Greece committed to reforms, rules out more austerity

[Bloomberg] China’s Bailout Window May Shut in Three Months, OCBC Says

[Bloomberg] California Dreaming: Record $500 Million Tag on L.A. Home

[NYT] Pensions and Politics Fuel Crisis in Illinois

[CNN] China gets a new billionaire every week

[Reuters] China to extend military reach, build lighthouses in disputed waters

[Bloomberg] China Unveils Plans for Greater Naval Role Beyond Its Coasts

[Reuters] Erdogan's ambition heralds turbulence after Turks vote

[Bloomberg] El Nino Data Mimic Record 1997-98 Event as IMF Warns on Food