Journalist Sydney Schanberg dies
Former NY Times journalist Sydney Schanberg died on Saturday. Schanberg was known for his coverage of the terror in Cambodia during the 1970’s. …read more
Source: Journalist Sydney Schanberg dies
Archive for the ‘Uncategorized’ Category
Thousands Protest Police Violence Across US Cities; Tear Gas Used In Phoenix "Black Lives Matter" Rally
By Tyler Durden
In the aftermath of Thursday’s Dallas and Tennessee shootings, thousands of mostly peaceful protesters took to the streets of U.S. cities for the second night in a row on Friday to denounce the fatal shooting by police of two black men this week. Overnight demonstrators clogged roadways in New York City, Atlanta and Philadelphia, and events in San Francisco and Phoenix also drew large crowds.
Arizona
Six people were injured and three were arrested in Phoenix, after confrontations broke out between protesters and police. Officers in riot gear used pepper spray on protesters, some of whom threw rocks at the police, the Phoenix Police Department said in a statement. The use of impact munitions didn’t lead to any injuries, and no arrests have been made, Phoenix Police Chief said. The Black Lives Matter march kicked off outside Phoenix City Hall at 8 pm.
#BREAKING: Officers block protesters in Phoenix, Arizona, deployed pepper spray. INFO: https://t.co/W0CbaiyzdFhttps://t.co/PVXZV9uopz
— 12 News (@12News) July 9, 2016
Protester hit with pepper spray in Phoenix, Arizona, march. Info: https://t.co/W0CbaiyzdFhttps://t.co/mEv97siGMa
— 12 News (@12News) July 9, 2016
“Get in formation, let’s go!”
Beyoncé jokes fly. #PhoenixRally @azcentral pic.twitter.com/cxC0dzh7Gj
— Alden Woods (@ac_woods) July 9, 2016
Time lapse: I-10 is stopped due to rally in downtown Phoenix.https://t.co/SZO6O3DkXv
— 12 News (@12News) July 9, 2016
An estimated 1,000 participants chanted: “Black lives matter” and “Hands up, don’t shoot” as they marched. Police officers escorting the march weren’t dressed in riot gear. Rev. Jarrett Maupin, one of the civil rights leaders that helped stage the march, acknowledged the route of the march was changed to shut down Interstate 10.
We’re about to walk into oncoming traffic. “There are drivers that do not care!” an organizer said. #PhoenixRally pic.twitter.com/F6q2INkrj0
— Alden Woods (@ac_woods) July 9, 2016
Around 11 pm, the police declared the demonstration an “unlawful assembly.”
LATEST: Riot police asking the crowd to leave. Info: https://t.co/W0CbaiyzdFhttps://t.co/yQWdkq5c9p
— 12 News (@12News) July 9, 2016
#PhoenixRally #BlackLivesMatter pic.twitter.com/sSlu2Tv38B
— Kelcie Grega (@KelcieGrega) July 9, 2016
The time had come to disperse the crowd, Phoenix Police Chief Joe Yahner said, declaring the protest “successful” and saying the demonstrators’ message had been heard, ABC News reported.
Louisiana
In Baton Rouge, where Alton Sterling was fatally shot Tuesday, protesters marched near police headquarters. About 300 protesters faced officers in riot gear under heightened tensions. Community leaders and local officials tried to calm down the crowd by forming a line between police and protesters. Tempers flared when several protesters hurled plastic bottles of water and cups of ice at police.
Most demonstrators dispersed later in the evening only after police agreed to pull away cops in riot gear and rifles.
New York:
Protesters in Rochester, New York, sat in the street chanting “black lives, black lives.” Some protesters stood in front of police who were clad in riot gear. Video from CNN’s affiliate in Rochester showed officers attempting to move …read more
1 winning ticket sold in $540M Mega Millions
Friday’s drawing produced one winning ticket for the seventh largest lottery jackpot of all time: A $540 million Mega Millions. …read more
Source: 1 winning ticket sold in $540M Mega Millions
A Portrait Of Quantitative Failure
By Tyler Durden
Simply put, it's not working stupid!
Especially in Japan…
But, as BofAML's Michael Hartnett notes, the details of what has been done and the consequences of those actions is, simply put, just embarrassing for all the central planners…
- Dec’17: first FOMC meeting which market assigns >40% probability of rate hike
- 659: number of global rate cuts since Lehman bankruptcy
- $12.9tn: outstanding amount of bonds currently yielding <0% (= 29% of total)
- $24.6tn: outstanding amount of global central bank holdings of financial assets
- -1.1%: the most negative bond yield in the world (3-year Swiss government bond)
- 107 years: time it takes to double your savings in 1-year US deposit account
- 1387 years: time it takes to double your savings in 1-year German deposit account
- 6932 years: time it takes to double your savings in 1-year Japanese deposit account
- 5.7%: level of investor cash as % AUM (Jul’16 FMS), highest since Nov’01
- $1.6tn: level of cash at US corporate sector, near record high
- 1978: the year US labor market participation rate was as low as it is today
- 21,084,000: current number of unemployed men and women in Europe
- 49%, 45%, 39%: youth unemployment rate in Greece, Spain & Italy
- 0.16%: the infinitesimal increase in Japan’s real GDP in the past 8 years
- 25%: annualized YTD return from global government bonds in 2016, a 30-year high
Eisteinian Yellenian madness… “doing the same thing over and over again and expecting different results.”
Source: A Portrait Of Quantitative Failure
How George Soros Singlehandedly Created The European Refugee Crisis – And Why
By Tyler Durden
By David Galland and Stephen McBride, Garret/Galland Research
How George Soros Singlehandedly Created the European Refugee Crisis – And Why
George Soros is trading again.
The 85-year-old political activist and philanthropist hit the headlines post-Brexit saying the event had “unleashed” a financial-market crisis.
Well, the crisis hasn’t hit Soros just yet.
He was once again on the right side of the trade, taking a short position in troubled Deutsche Bank and betting against the S&P via a 2.1-million-share put option on the SPDR S&P 500 ETF.
More interestingly, Soros recently took out a $264 million position in Barrick Gold, whose share price has jumped over 14% since Brexit. Along with this trade, Soros has sold his positions in many of his traditional holdings.
Soros had recently announced he was coming out of retirement, again.
First retiring in 2000, the only other time Soros has publicly re-entered the markets was in 2007, when he placed a number of bearish bets on US housing and ultimately made a profit of over $1 billion from the trades.
Since the 1980s, Soros has actively been pursuing a globalist agenda; he advances this agenda through his Open Society Foundations (OSF).
What is this globalist agenda, and where does it come from?
The Humble Beginnings
The globalist seed was sowed for young George by his father, Tivadar, a Jewish lawyer who was a strong proponent of Esperanto. Esperanto is a language created in 1887 by L.L. Zamenhof, a Polish eye doctor, for the purpose of “transcending national borders” and “overcoming the natural indifference of mankind.”
Tivadar taught young George Esperanto and forced him to speak it at home. In 1936, as Hitler was hosting the Olympics in Berlin, Tivadar changed the family name from Schwartz to Soros, an Esperanto word meaning “will soar.”
George Soros, who was born and raised in Budapest, Hungary, benefited greatly from his father’s decision.
Allegedly, in 1944, 14-year-old George Soros went to work for the invading Nazis. It is said that until the end of the war in 1945, he worked with a government official, helping him confiscate property from the local Jewish population.
In an 1998 interview with 60 Minutes, Soros described the year of German occupation as “the happiest time in my life.”
Soros’s Venture into Finance
When the war ended, Soros moved to London and in 1947 enrolled in the London School of Economics where he studied under Karl Popper, the Austrian-British philosopher who was one of the first proponents of an “Open Society.”
Soros then worked at several merchant banks in London before moving to New York in 1963. In 1970, he founded Soros Fund Management and in 1973 created the Quantum Fund in partnership with investor Jim Rogers.
The fund made annual returns of over 30%, cementing Soros’s reputation and putting him in a position of power—one he utilizes to this day to advance the agenda of his mentors.
The Currency Speculations That Threw Britain and Asia into Crisis
In the 1990s, Soros began a string of large bets against national currencies. The first was in 1992, when he sold short the pound sterling and …read more
Source: How George Soros Singlehandedly Created The European Refugee Crisis – And Why
The Dallas Massacre: This Is The Kind Of Civil Unrest That I Have Been Warning Is Coming To America
Today is a day to mourn and pray for America. In Dallas, Texas last night, a hate-filled gunman ruthlessly started gunning down police officers. A total of 12 officers were shot, and five of them are now dead. If we do not learn to love one another, there is no hope for us as a nation. Unfortunately, the love of most people has grown cold, and today messages of hate and division from people on all sides of the debate are being posted all over social media. The massacre in Dallas represented the deadliest day for law enforcement officers in the United States since 9/11, and this is the kind of civil unrest that I have been repeatedly warning is coming to America. I have warned about this in my books, on radio and on television. But of course I am best known for my articles, and the following are just a handful where I warned about what we would soon see…
–A Spirit Of Violence And Civil Unrest Is Rising In America
–Trump Rallies Reveal Increased Tensions Among Americans As This Nation Plunges Toward Civil Unrest
–Civil Unrest Has Begun In Baltimore And This Is Only Just The Start Of Something MUCH Bigger
–Prepare Your Homes And Neighborhoods For The Violence That Is Going To Sweep America
Earlier this week, I warned that “the thin veneer of civilization that we all take for granted is evaporating“, but this is one instance when I am definitely not happy to have been proven right. Shooter Micah X. Johnson was a 25-year-old former Army reservist with no criminal history. He was deployed to Afghanistan from November 2013 to July 2014, and what he experienced over there may have deeply scarred him mentally and emotionally. According to the police, the motivation for the shooting was because he “wanted to kill white people, especially white officers”…
Johnson, from Mesquite, Texas, a 20 minute drive from Dallas, reportedly told law enforcement that he was a veteran, and claimed to have acted alone, countering initial reports that as many as four gunmen were involved in the massacre.
‘The suspect said he was upset about Black Lives Matter. He said he was upset about the recent police shootings of black suspects. He said he was upset at white people. The suspect stated he wanted to kill white people, especially white officers,’ Dallas Police Chief David Brown revealed at a 7:30am press conference.
Around 11pm on Thursday, cops cornered Johnson at El Centro College and attempted to negotiate, but four hours later the talks failed and a …read more
Source: The Dallas Massacre: This Is The Kind Of Civil Unrest That I Have Been Warning Is Coming To America
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Breakdown Of US Citizens Killed By Cops In 2016
By Tyler Durden
In the U.S. a total of 509 citizens have been killed this year alone by police. The body count for the previous year stands at a grand total of 990 people shot dead, according to the Washington Post. As the below infographic from Statista shows, most of those killed by police are male and white. 123 of those shot were Black Americans. This is a relatively high share, keeping in mind that close to 13 percent of Americans belong to that ethnic group.
You will find more statistics at Statista
What’s also disturbing is that according to the data compiled by the Washington Post a big proportion of those killed obviously showed signs of mental illness. Of the 509 killed this year at least 124 were thought to be suffering from such conditions.
Many of those killed carried guns according to police records. In at least 22 cases officers mistook toy guns for the real thing.
Source: Breakdown Of US Citizens Killed By Cops In 2016
