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Riot Breaks Out At Italian Refugee Center: Migrants Start Fires, Hold Staff Hostage

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By Tyler Durden

Migrants and asylum seekers at a refugee center in Cona near Venice, Italy set fires inside the facility and blocked the gates, forcing social workers to barricade themselves inside their offices, after a protest broke out over living conditions following the death of a young woman, Reuters reported.

A 25-year-old woman, later identified as Sandrine Bakayoko from the Ivory Coast, was found unconscious in the bathroom and was believed to have died because of an alleged delay in medical assistance. The town mayor, however, told La Repubblica TV that she had of natural causes on Monday afternoon. Her fellow migrants reacted angrily, and started rioting, cutting off the electricity supply to the centre, setting fires and barring the exit, leaving 25 staff members barricaded inside, local media said.

Protest in the refugee camp of Cona after the death of an Ivorian woman

Shortly after, riot police were called to the scene, and Italian security forces later quelled the unrest according to RT. The stand-off ended in the early hours of Tuesday after law enforcement convinced the protesters to open the gates and allow the staff to leave, local police chief Angelo Sanna told la Nuova di Venezia e Mestre newspaper. None of the camp workers were injured.

Mayor Alberto Panfilio said calm had been restored at the center, where up to 1,500 people have been placed in a facility originally meant for 15 migrants. Many were housed in tents. Police had persuaded the protesters to open the gates shortly after midnight on Monday, let the staff leave, and re-connect electricity, local police chief Angelo Sanna told la Nuova di Venezia e Mestre newspaper.

Early reports said the protest had been caused by a delay between the young woman being taken ill and an ambulance arriving to treat her. The protesters said the ambulance arrived some eight hours after being called and that Bakayoko died after the medics arrived, according to Ruptly agency. Yet, local police and health and social care services claimed it took the ambulance some 20 minutes to arrive to the center after the emergency call.

“The hour and place of death are still to be determined,” Sanna told Ruptly, adding that the deceased woman’s “countrymen were obviously worried about the cause of her death and the speed of the first aid delivery, and this has induced them to start a protest.” Prior to the incident, the camp’s administration had reportedly been investigated over allegations of fraud and maltreatment, according to Il Sole-24 Ore radio.

“This death is not directly linked to the high concentration (of people) but I hope it can be useful to change a situation that is no longer sustainable,” Mayor Panfilio said.

The mayor told local media that the centre had opened in 2015. Numbers had ballooned dramatically last year. The Cona facility, which was initially intended to house just 15 people, is hosting up to 1,500 migrants, many of whom are living in tents. The centre is one of many temporary migrant reception centres in …read more

Source: Riot Breaks Out At Italian Refugee Center: Migrants Start Fires, Hold Staff Hostage

    

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Celebs Call On Congress To "Obstruct Racist, Sexist, Xenophobic" Trump

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By Tyler Durden

A number of disaffected Hollywood celebs, including Sally Field, Rosie Perez, “Westworld’s” Jeffrey Wright, and “Boardwalk Empire” actor Steve Buscemi, have utilized the former pro-Hillary social media group known as “Humanity for Hillary” to create yet another attack message aimed at President-elect Trump. In this latest message, which refers to Trump as “racist, sexist and xenophobic,” the disaffected Hollywood snowflakes call on Congress to “vigorously oppose” and “obstruct” Trump on any policy that “violates our core values as diverse Americans.”

The video opens by citing all the key buzz words that will undoubtedly “trigger” the leftists in Congress and suggests that “hate crimes in the U.S.” have risen as a result of Trump’s election….

“The majority of Americans, regardless of who they voted for, did not vote for racism, for sexism, or for xenophobia. And yet, Donald Trump won.”

“And since he won, hate crimes are rising, women have been attacked in his name, people of color have been attacked in his name.”

…then continues with a demand that Congress “vigorously oppose” Trump’s policies that “violate our core values as diverse Americans.”

“Here’s what we demand: To the extent Trump pursues racist, sexist, anti-immigrant, anti-worker, anti-muslim, anti-semitic, anti-environmental policies, we demand that you vigorously oppose him.

“We expect you to use your Congressional powers to obstruct anything that violates our core values as diverse Americans.”

We wonder whether these celebs condone the mass riots held by Hillary supporters in the days after the election…does this count as a “hate crime?”

Or how about the shooting of 5 people at an anti-trump protest in Seattle (see “5 Shot, 2 Life-Threatening Injuries During Anti-Trump Protest In Seattle“)? Or how about the DNC’s efforts to incite violence at Trump rallies (see “Undercover Footage Shows Clinton Operatives Admit To Inciting “Anarchy” At Trump Rallies“)?

Somehow we suspect we’ll never hear from Hollywood celebrities regarding these “hate crimes.”

…read more

Source: Celebs Call On Congress To "Obstruct Racist, Sexist, Xenophobic" Trump

    

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Wired taps Nicholas Thompson to take over as top editor

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Scott Dadich is leaving as editor-in-chief at Wired after four years. Nicholas Thompson will be taking over. …read more

Source: Wired taps Nicholas Thompson to take over as top editor

    

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Megyn Kelly leaving Fox News for NBC News

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Megyn Kelly will leave Fox News later this year and join NBC News in a new role, three sources with knowledge of the matter confirmed. …read more

Source: Megyn Kelly leaving Fox News for NBC News

    

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New York Governor Proposes "Free Tuition" For Public Universities

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By Tyler Durden

Student Loan Debt

There is little doubt that easy access to federally subsidized student loans have contributed to the astronomical increase in the cost of attending college in the United States. After all, what 18 year old would turn down $200,000 in free money to party for 4 years? As an added bonus, when you figure out upon graduation that your degree in anthropology if fairly worthless, you can always just move back in with mom and force taxpayers to pick up your debt burden. Anything less would be a substantial “triggering” event and we just can’t have that.

As we noted roughly a year ago, the amount of student debt outstanding is on track to reach nearly $17 trillion by 2030…which is clearly enough artificial demand to send the price of almost any commodity product soaring.

Well, apparently New York’s Governor doesn’t think that misinformed government policies are doing nearly enough to drive up college tuition costs. As a result, he has decided to jump on the Bernie Sanders bandwagon with a new proposal that would provide free tuition at public state and city colleges to any student whose parents earn less than $125,000.

As the New York Times notes, Cuomo’s plan could apply to as many as 1 million New York families though it was not “immediately clear how the program would be paid for”…which is just a minor detail anyway.

Mr. Cuomo hopes for a quick start for his idea, with a three-year rollout beginning in the fall, though it will require legislative approval, a potential snag when the governor and lawmakers on both sides of the aisle have been at odds over a pay raise and other issues.

It was not immediately clear how the program would be paid for, though the administration said the state already provided nearly $1 billion in support through its tuition assistance program; those awards are capped at $5,165, and many of the grants are smaller.

If the plan is approved, the Cuomo administration estimates the program would allow nearly a million New York families with college-age children, or independent adults, to qualify.

Current tuition at four-year State University of New York schools for state residents is $6,470; at two-year community colleges the cost is $4,350. Costs for City University of New York schools are approximately the same.

Of course, “free tuition” isn’t really free and is estimated to cost New York taxpayers roughly $163mm by the time it’s fully implemented in 2019.

Oh well, we guess this is just a simplification in the process…why go through the bother of underwriting student loans just to have taxpayers pick up the bill later anyway? With the governor’s plan, you just go straight to taxpayers for a handout upon enrollment. Moreover, taxpayers save on the interest costs associated the defaulted student loans so this is really a win for everyone.

How The Game Is Played In Financial Markets (Video)

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By EconMatters

By EconMatters


We provide some game training for the uninitiated regarding financial markets, fund flows via the currency crosses, to move assets around the trading board in this video. Be careful of rallies in markets, that you don`t become the sucker that is taken advantage of to profit take at your expense.

© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle

…read more

Source: How The Game Is Played In Financial Markets (Video)

    

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World’s Largest Hedge Fund Manager Slams Mainstream Media’s Fake & Distorted News Epidemic

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By Tyler Durden

Ray Dalio, founder of Bridgewater – the world's largest hedge fund, has “been reflecting for quite a while on the destructive effects that fake and distorted media are having on our society’s well-being,” but it appears a recent Wall Street Journal article about his fund – full of intentional distortions, appears to have pushed the billionaire over the edge at just “how destructive and widespread these 'fake' and 'distorted' agendas are.”

Via LinkedIn.com

To me, fake and distorted media are essentially the same problem in different degrees. My own experience, which I will share later in this piece, is just one small case within an epidemic. While Bridgewater will survive this case—and even if we didn't, the world would be just fine—it is questionable whether the world will be just fine if this fake and distorted media epidemic is not arrested. As Martin Baron, the Washington Post's Executive Editor, said in reflecting on the problem, “If you have a society where people can't agree on the basic facts, how do you have a functioning democracy?”

Distorted pictures lead us to make bad decisions. In my opinion, if people don't correct such inaccuracies and don't fight against this problem, continued distortions in the media will prevent the public's accurate understanding of what is happening, which will threaten our society's well-being. We in the financial community now openly talk about fake or distorted media being used to manipulate market prices to the harm of many, and similar conversations are taking place in most areas.

This is not just a fringe media problem; it is a mainstream media problem. And while it is widely recognized, there is no discussion underway about how to rectify it. The Associated Press said that only 6 percent of Americans surveyed have “a lot of trust” in the media. A recent Gallup study showed that Americans' trust in the media has dropped to an all-time low, with only 32 percent of those surveyed saying that they have either a “fair” or “great deal” of trust in the media. That compares with 55 percent having such confidence in 1999 and 72 percent in 1976. The dramatically decreased trustworthiness has even plagued icons of journalistic trust such as The Wall Street Journal and The New York Times, as sensationalism and commercialism have superseded accuracy and journalistic integrity as primary objectives.‎ Many, if not most, “journalists” are trying to write the story that they want to write and fit the facts to it rather than accumulating facts to accurately report pictures of what is true. To be clear, I am not saying that this is the case for all people in the news media as there are a number of true journalists who do seek to convey accurate information; I’m just saying that they are a rapidly shrinking percentage of the total and the poll numbers reflect that.

The failure to rectify this problem is due to there not being any systemic checks on the news media’s quality. The news media is unique …read more

Source: World’s Largest Hedge Fund Manager Slams Mainstream Media’s Fake & Distorted News Epidemic

    

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Ford cancels Mexico plant

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Ford scraps plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 U.S. jobs. …read more

Source: Ford cancels Mexico plant

    

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Trump threatens GM with ‘big border tax’

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Donald Trump sent a threat Tuesday to General Motors: Make your Chevrolet Cruze in the United States or face a hefty tax. …read more

Source: Trump threatens GM with ‘big border tax’

    

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France gives workers ‘right to disconnect’ from email

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for latest details. …read more

Source: France gives workers ‘right to disconnect’ from email

    

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