Orvis to bring fishing groups to Cuba in 2016
Orvis, one of the largest fly fishing outfitters in the world, will announce that it will begin guided trips to Cuba in 2016. …read more
Source: Orvis to bring fishing groups to Cuba in 2016
Archive for the ‘Uncategorized’ Category
The April jobs report: 5 key things to watch
CNNMoney predicts 197,000 jobs added in April and the unemployment rate remaining at 5%.
…read more
Source: The April jobs report: 5 key things to watch
Lawmakers To Obama: Don’t Supply Syrian Rebels With Stingers
By Tyler Durden
Authored by Brendan McGarry via DoDBuzz.com,
More than two dozen U.S. lawmakers are urging President Barack Obama to refrain from supplying Syrian rebels with American-made shoulder-fired surface-to-air missiles.
The 27 members of Congress, led by Reps. John Conyers, a Democrat from Michigan, and Ted Yoho, a Republican from Florida, on Tuesday sent a letter to the president “urging him to maintain his policy of refusing to transfer shoulder-fired surface-to-air missiles (MANPADS) to Syrian combatants,” including those trained by the Pentagon and Central Intelligence Agency.
The missiles are primarily designed to target helicopters. One type is the FIM-92 Stinger, made by Raytheon Co., whose use against Soviet aircraft in Afghanistan during the 1980s was popularized by the book and movie, “Charlie Wilson’s War.”
“While we may have differing perspectives regarding the appropriate US response to the horrific violence in Syria, we agree that MANPADS would only lead to more violence, not only in Syria, but potentially around the world,” Conyers said in a statement released Wednesday by his office.
The release cites an April 12 article in The Wall Street Journal by Adam Entous that reported the CIA and its partners in the region had prepared plans to arm moderate rebels in Syria with more potent weapons than the Soviet-era BM-21 “Grad” truck-mounted rocket launchers:
The agency’s principal concern focuses on man-portable air-defense systems, known as Manpads. The CIA believes that rebels have obtained a small number of Manpads through illicit channels. Fearing these systems could fall into terrorists’ hands for use against civilian aircraft, the spy agency’s goal now is to prevent more of them from slipping uncontrollably into the war zone, according to U.S. and intelligence officials in the region.
Coalition partners have proposed ways to mitigate the risk. They have suggested tinkering with the Manpads to limit how long their batteries would last or installing geographical sensors on the systems that would prevent them from being fired outside designated areas of Syria. But Washington has remained cool to the idea.
Syrian rebels have also reportedly acquired other U.S.-made weaponry.
A YouTube video published Feb. 26 appears to depict a Syrian rebel in Sheikh Aqil, a town near Aleppo, firing a BGM-71 TOW (for tube-launched, optically tracked, wire-guided) missile at a T-90 tank, Russia’s main battle tank that entered service in the 1990s, presumably operated by Assad forces.
U.S.-backed rebels in the country may have acquired both the older TOW, developed in the 1970s and also manufactured by Raytheon, as well as the newer FGM-148 Javelin anti-tank missile, developed in the 1990s and made by Raytheon and Lockheed Martin Corp.
In his letter, Conyers cites recent instances in which extremist organizations captured U.S.-supplied weaponry in Syria:
In late 2014, the headquarters of the CIA-backed militia Harakat Hazm — one of the biggest recipients of U.S. arms including powerful TOW anti-armor missiles — was overrun by Jabhat al-Nusra, al-Qaeda’s primary Syrian affiliate. Harakat Hazm fled its positions, leaving behind many of their weapons that were seized by al-Nusra. Last September, Syrian rebels vetted and trained by …read more
Source: Lawmakers To Obama: Don’t Supply Syrian Rebels With Stingers
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Deep State Democrats & The Donald – Ron Paul Destroys The 2-Party System Myth
By Tyler Durden
Submitted by Nick Bernabe via TheAntiMedia.org,
Longtime congressman and former presidential candidate Ron Paul made it clear in a recent interview on CNN that he will vote 3rd party if the presidential race comes down to Donald Trump versus Hillary Clinton.
Though Paul didn’t specify which candidate he would vote for, he did say Libertarian or Independent party candidates are a possibility. Paul also said he couldn’t support Ted Cruz, who has since dropped out of the race, because he’s a “theocrat” who wants to rule with religion. Paul didn’t comment on his specific reasons for not supporting Clinton, but one can speculate the fiercely anti-war Paul opposes her militaristic tendencies.
Then Paul went even further, saying both the Republican and Democratic parties — from Reagan to Obama — are controlled by the “Deep State” and powerful special interests.
Watch the interview below:
Source: Deep State Democrats & The Donald – Ron Paul Destroys The 2-Party System Myth
Will Turkey Become An "Islamic State"?
By Tyler Durden
Submitted by Emad Mostaque via GovernmentsAndMarkets.com,
“Erdogan once said that democracy, for him, is a bus ride … ‘once I get to my stop, I’m getting off’ ”
Jordan’s King Abdullah recalling a conversation with the Turkish President
Tonight is H?drellez in Turkey, celebrating spring and the day on which the Prophets al-Khidr and Elijah.
Traditionally wishes come true today and it would seem that President Erdo?an’s wish for an executive Presidency has come one step closer to reality with the resignation of Prime Minister Davuto?lu.
When we downgraded Turkey in last week’s Governments and Markets update, it was primarily due to negative shifts in governance as the pressure to move to a Presidential system and crack down on the Kurds increased. We weren’t sure of the timing of these events, although key factors like the HDP being effectively banned and the President needing to assert control over more elements of the government seemed certain.
Taking some cash off the table after a period of Turkish outperformance seemed sensible and we must now consider where we go from here with Turkish equities having fallen 10% this week alone.
Fighting for the right not to be prosecuted
AKP and HDP members of parliament express their disagreements
While the resignation of the Prime Minister is the main headline news, the start of this week saw jitters following a brawl in the Turkish parliament as the process to strip MP’s of immunity to prosecution began, something that would impact HDP members given accusations of PKK ties, but also some MHP members.
This move was in line with our expectations and unsurprising given the continued escalation of deadly suicide attacks by the Kurdish TAK, linked by the government to the PKK, who are in turn linked by them to the HDP. The March 13th suicide car bomb attack on Ankara was particularly alarming as it confirmed the return of Kurdish attacks on civilian targets, with 37 being killed.
The Syrian civil war has dramatically increased the available ordinance for such attacks, designed to maximize casualties with the car in this case being packed with nails and pellets, injuring a further 127 individuals. The moves by the security forces to push Kurdish separatists out of their urban areas are likely to increase the frequency of such attacks, providing a grim echo of the 90s when they first started.
This is a continuation of the process of reducing Kurdish political influence that we outlined in our notes “A Kurdish Conundrum” on July 31st last year and “Ankara: Cui Bono?” on 20th October 2015, where we predicted the AKP majority and continued political polarization that has occurred.
We also saw continued developments in the chaos that has surrounded the MHP and efforts to oust Bahçeli as leader after 19 years, with the judiciary blocking the proposed extraordinary congress that could make the rule change necessary for a vote to kick him out and accusations by Bahçeli that Gülenist forces are behind this move.
This puts the opposition to the AKP in a bad spot even as the …read more
Source: Will Turkey Become An "Islamic State"?
Jim Grant Asks When The World Will Realize "That Central Bankers Have Lost Their Marbles"
By Tyler Durden
Authored by James Grant via Grant's Interest Rate Observer,
April 15 comes and goes but the federal debt stays and grows. The secrets of its life force are the topics at hand— that and some guesswork about how the upsurge in financial leverage, private and public alike, may bear on the value of the dollar and on the course of monetary affairs. Skipping down to the bottom line, we judge that the government’s money is a short sale.
Diminishing returns is the essential problem of the debt: Past a certain level of encumbrance, a marginal dollar of borrowing loses its punch. There’s a moral dimension to the problem as well. There would be less debt if people were more angelic. Non-angels, the taxpayers underpay, the bureaucrats over-remit and everyone averts his gaze from the looming titanic cost of future medical entitlements. Topping it all is 21st-century monetary policy, which fosters the credit formation that leads to the debt dead end. The debt dead end may, in fact, be upon us now. A monetary dead end could follow.
As to sin, Americans surrender, in full and on time, 83% of what they owe, according to the IRS—or they did between the years 2001 and 2006, the latest period for which America’s most popular federal agency has sifted data. In 2006, the IRS reckons, American filers, both individuals and corporations, paid $450 billion less than they owed. They underreported $376 billion, underpaid $46 billion and kept mum about (“nonfiled”) $28 billion. Recoveries, through late payments or enforcement actions, reduced that gross deficiency to a net “tax gap” of $385 billion.
This was in 2006, when federal tax receipts footed to $2.31 trillion. Ten years later, the U.S. tax take is expected to reach $3.12 trillion. Proportionally, the 2006 gross tax gap would translate to $607.7 billion, and the net tax gap to $520 billion. To be on the conservative side, let us fix the 2016 net tax gap at $500 billion.
Then there’s squandermania. According to the Government Accountability Office, the federal monolith “misdirected” $124.7 billion in fiscal 2014, up from $105.8 billion in fiscal 2013. Medicare, Medicaid and earnedincome tax credits accounted for 75% of the misspent funds—i.e., of those wasted payments to which government bureaus confessed. “[F]or fiscal year 2014,” the GAO relates, “two federal agencies did not report improper payment estimates for four risk-susceptible programs and five programs with improper payment estimates greater than $1 billion were noncompliant with federal requirements for three consecutive years.” It seems fair to conclude that more than $125 will go missing in fiscal 2016.
Add the misdirected $125 billion to the unpaid $500 billion, and you arrive at a sum of money that far exceeds the projected fiscal 2016 deficit of $534 billion.
Which brings us to intergenerational self-deception. The fiscal outlook would remain troubled even if the taxpayers paid in full and the bureaucrats stopped wiring income-tax refunds to phishers from Nigeria. Not even a step-up in the current trudging pace of economic growth would put right …read more
Source: Jim Grant Asks When The World Will Realize "That Central Bankers Have Lost Their Marbles"
How paid family leave could become a reality
A majority of U.S. workers don’t have access to any paid family leave. But more and more states are seriously considering providing insurance programs to change that. …read more
Source: How paid family leave could become a reality
Caught On Tape: 100s Of M1 Abrams Tanks Roll Through Houston, TX
By Tyler Durden
Just days after we exposed Texas police planning for riots and conducting mass arrest drills, the site of hundreds of M1 Abrams battle-tanks rolling on a train through Houston raised more than a few eyebrows…
Several locals reported seeing a train Tuesday, loaded full of tanks, painted in a desert tan color – the second time in a week.
As of now the rail-train’s destination is unknown.
h/t Intellihub.com and @Tabertronic
Source: Caught On Tape: 100s Of M1 Abrams Tanks Roll Through Houston, TX
Female athlete makes history by signing $1M contract
Monica Abbott, fastpitch softball player, becomes the first woman in U.S. team sports to sign a contract that is expected to be worth $1 million. …read more
Source: Female athlete makes history by signing $1M contract
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