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Breakdown Of US Citizens Killed By Cops In 2016

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By Tyler Durden

Infographic: Breakdown of U.S. citizens killed by police in 2016 | Statista

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.

…read more

Source: Breakdown Of US Citizens Killed By Cops In 2016

    

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If Senseless Violence Continues, America Will Be A Total Police State In No Time

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By Tyler Durden

Screen Shot 2016-07-06 at 9.42.37 AM

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

As soon as I saw the video of the Alton Sterling shooting on Wednesday, I had a very, very bad feeling about where this was all headed. In fact, I became so concerned I wrote a post titled, A Period of Major Civil Unrest is Coming – How to Win an Inevitable Confrontation with the Status Quo. Here are a few of the key warnings and suggestions I provided:

Increasingly, the general public is coming to the very unpleasant realization that they live in a corporate oligarchy in which they are subjects rather than citizens. The more they are pushed into a corner, the sooner they will lash out in all sorts of ways.

The generational level revolts I anticipate have been a long time coming and will emanate from both rural, largely white America, as well from inner city communities populated mostly by minorities. The key thing we must all bear in mind going into the turbulent times ahead is that we are all in this together.

The other key variable as to whether the forthcoming rebellions result in any positive change will revolve around what form they take. When I say civil unrest, I am well aware that this likely means some degree of violence and looting; however, such expressions of frustration will do far more harm than good. We must recognize that as it stands the status quo has no actual legitimacy, and therefore can only succeed if it’s able to portray the abused public as the bad guys, and sell us on the idea that the U.S. government is the only thing standing between us and violent mobs.

If you want to win this battle, you need to be smart. Winning the hearts and minds of the general public is absolutely critical, and shouldn’t be difficult in an environment in which the establishment discredits itself on a daily basis.

While we don’t know who the police murderers in Dallas were, or their motivations, we do know one thing. Their actions will unquestionably have several very counterproductive and dangerous outcomes.

1. Further divide the country in general.

2. Further the already wide distrust between the police and the general public.

3. Increase the likelihood of more violence, and the eventual imposition of a total police state in America.

Either the people who committed the murders had the above goals in mind, or they were just stupid, violent criminals who didn’t have the meager sophistication necessary to understand the extremely negative implications of their actions.

Unfortunately for us, the horrible massacres that occurred in Dallas are exactly the sort of thing that the status quo wants to see. It further divides the public and it creates a justification for more militarization of the police, more surveillance and less civil liberties. Guess who’s going to be most negatively impacted by …read more

Source: If Senseless Violence Continues, America Will Be A Total Police State In No Time

    

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Maine’s Advocate For $12 Minimum Wage Tried To Hire People For $10

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By Tyler Durden

Ready to be underpaid to fight for the right to demand a raise? In Maine there is an ironic situation taking place. One of the key players fighting to raise the minimum wage in Maine has recently been exposed as a hypocrite. Why? According to the Portland Press Herald, Maine People’s Alliance (MPA) has been one of the louder voices fighting for an increase to the state’s minimum wage from $7.50 to a new level of $12 per hour. However, we’ve learned that MPA had posted an ad offering $429 bi-weekly, for 21.5 hours of work per week. That works out to just over $10 per hour.

Dana Connors, president of the Maine State Chamber of Commerce, said he takes Tipping at his word that the posting was a mistake, but the “optics smack of a double standard.” The state chamber has been one of the leading groups opposing the minimum wage referendum because, Connors said, it increases the wage too much too fast, and because it phases out the credit for tipped workers, such as restaurant servers.

“If this is so important to MPA, it’s an unfortunate mistake. They should certainly practice what they preach,” he said.

Michael Saltsman, research director for the Employment Policies Institute, a free-market group partially funded by the restaurant industry and an opponent of minimum wage increases, tracks the issue around the country and saw the MPA’s job posting this week.

“I think it’s consistent with the ‘Do as I say, not as I do’ attitude of those who support increasing the minimum wage,” Saltsman said. “Now it seems like they are adjusting the wage as they go after being called out.”

The MPA contested the mistake, citing a typo. The ad apparently offered $429 bi-weekly pay instead of $510. We’re perplexed how $429 was entered instead of the $510 level that would have MPA putting their money where their mouth is. The real shady part is that the organization has claimed it was a typo even though the Portland Herald claims MPA has Facebook posting going back as far as February advertising $480 bi-weekly for full time employment (Zero Hedge was unable to confirm the existence of such job offerings).

The issue with the minimum wage hike debate is the unintended consequences most forget to even acknowledge.

For example: As we explained before, if one feels under-compensated for their knowledge, then raising the minimum wage will alienate everyone else, even those who perhaps at first didn’t believe they we under-compensated for their intelligence.

And who could : Seattle has experienced the largest 3 month job loss in its history last year, following the introduction of a $15 minimum wage.

So before we start this again and we have to listen to ankle deep analysis explain to us how raising the minimum wage will help all of us achieve a better standard of living, please review the above chart and consider the unintended consequences, lest you fail upward and become the …read more

Source: Maine’s Advocate For $12 Minimum Wage Tried To Hire People For $10

    

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Jobs Bounce Sends Stocks Soaring To Record High As Bond Yields Hit Record Lows

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By Tyler Durden

Well punk, “do you feel wealthy?”

First things first, there is this… (2130.82 record close, 2134.72 record intra high)

  • *S&P 500 RALLIES 1.6% TO 2,130.83, RISING ABOVE RECORD CLOSE

And then there is this… for 2016…

And since Brexit…

And today…

While on the topic – cash indices reached pre-Brexit levels…

Stocks went sideways after Europe closed…

And S&P Futures managed to run the stops above the Brexit peak…

But financials remain below pre-Brexit levels…

Despite the best efforts to mash VIX, S&P cash couldn't hold above the record close…

Since June's dismal payrolls print, Gold is the major outperformer…

But today's “goldilocks” data meant buy everything…

Trannies rose most in 4 months today – having “death-crossed” on Wednesday…

VIX has dropped over 48% in the last two weeks… the biggest collapse in fear ever….

And stocks and oil decoupled…

Only short-dated yields rose on the day and week as the long-end continued to plunge..

2s30s has flattened for 6 straight days, crushing the yield curve by 28bps in the last 2 weeks – the biggest crash since the US downgrade in 2011

So curve is collapsing… BUY BANKS??!!

30Y Yields closed on the lows today… at an all-time record low…

Stocks-to-Bonds yield spread near 8 year highs…

On the day, the USD Index ended unchanged, despite some significant swings around the payrolls print…

Commodities were mixed with PMs gaining but crude and copper getting crushed…

  • Copper's worst week in 6weeks
  • Crude's worst week in 6 months

  • Gold up for the 6th straight week…longest streak since Aug 2011
  • Silver up for the 6th straight week…longest streak since April 2011

So – to summarize – Buy Stocks, Buy Bonds, Buy Gold, Fade the Dollar, Sell VIX… sounds an aweful lot like front-running QE4 trades.

Charts: Bloomberg

Consumer Credit Jumps $19 Billion In May Thanks To New All Time Highs In Student And Auto Loans

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By Tyler Durden

The latest consumer credit report confirmed what we have now known for years: revolving credit remains stagnant at best, with just $2.3 billion in credit card debt added in May, a modest rebound from last month’s $1.4 billion but certainly nowhere near pre-crisis monthly increase levels. Why not? Because US consumers once again found a way to “fungibly” convert non-revolving credit, namely auto and mostly student loans, into purchasing power.

And sure enough, in May another $16.2 billion in non-credit card debt was added, bringing the total monthly increase to $18.55 billion, above the $16 billion consensus.

What this means is that for one more month Americans became even more encumbered by record amounts of student debt and car loans.

Finally, when it comes to the all too generous sources of consumer credit, one entity sticks out.

…read more

Source: Consumer Credit Jumps $19 Billion In May Thanks To New All Time Highs In Student And Auto Loans

    

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Germany’s New "No-Means-No" Rape Law

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By Tyler Durden

Submitted by Soeren Kern via The Gatestone Institute,

  • The reforms are unlikely to end Germany's migrant rape epidemic.

  • When it comes to immigration, political correctness often overrides the rule of law in Germany, where many migrants who commit sexual crimes are never brought to justice, and those who do stand trial receive lenient sentences from sympathetic judges.

  • “Every police officer knows he has to meet a particular political expectation. It is better to keep quiet [about migrant crime] to avoid problems.” — Rainer Wendt, head of the German police union.

  • “It is unacceptable that asylum seekers are trampling on our society at the same time that they are here seeking our protection.” — Prosecutor Bastian Blaut.

The German parliament has approved changes to the criminal code that expand the definition of rape and make it easier to deport migrants who commit sex crimes.

Under the bill, also known as the “No Means No” (“Nein heißt Nein”) law, any form of non-consensual sex will now be punishable as a crime. Previously, only cases in which victims could show that they physically resisted their attackers were punishable under German law.

The changes, which were prompted by the sex attacks in Cologne, where hundreds of women were assaulted by mobs of mostly Muslim migrants on New Year's Eve, is being hailed as a “paradigm shift” in German jurisprudence.

But the reforms, which are designed to make it easier for victims of sexual assault to file criminal complaints, are unlikely to end Germany's migrant rape epidemic. This is because Germany's politically correct justice system is notoriously lenient when it comes to prosecuting, sentencing and deporting foreign offenders.

The bill was unanimously approved on July 7 by the Bundestag, the lower house of parliament. The measure must still be approved by the Bundesrat, the upper house, which will vote on the reforms after the summer recess.

According to the original law, as stipulated in Paragraph 177 of the Criminal Code, victims were required to prove that they had physically defended themselves for an act to constitute rape. Verbal communication — simply saying “No” — was insufficient to bring charges against an assailant. The original law was written that way to deter false accusations of rape and avoid frivolous lawsuits, according to German legal experts.

The reforms will allow prosecutors and courts to take into account physical, verbal and non-verbal signals from the victim when determining whether or not a rape occurred. Anyone convicted of sexual activity that goes against the “discernable will” (erkennbaren Willen) of the victim faces up to five years in prison. The law also broadens the definition of sexual assault to include groping, which is punishable by up to two years in prison.

Moreover, the new law introduces Paragraph 184j, which will make it crime just to be in a group that carries out sexual assaults. The measure is aimed to deter attacks such as those which occurred in Cologne, although some lawmakers say this provision is unconstitutional because a person could be convicted of …read more

Source: Germany’s New "No-Means-No" Rape Law

    

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The pound is worse off than Argentina’s peso

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The British pound has just beaten Argentina’s peso to a title nobody wants: the worst performing currency of the year. …read more

Source: The pound is worse off than Argentina’s peso

    

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How media coverage unfolded

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A timeline chronicling the media’s response to the shooting of police officers at a Dallas protest against police brutality. …read more

Source: How media coverage unfolded

    

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Top 1% aren’t as rich as they used to be

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for latest details. …read more

Source: Top 1% aren’t as rich as they used to be

    

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Wendy’s credit card hack hit 1,000 restaurants

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Wendy’s releases list showing more than 1,000 U.S. restaurants where it says customer payment data was hacked. …read more

Source: Wendy’s credit card hack hit 1,000 restaurants

    

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