If one were so inclined, one could imagine that the relentless barrage of domestic scandals plaguing Obama have been orchestrated with a simple reason: to divert attention from the worst US foreign policy in four decades. And sure enough, even a casual glimpse of all the raging international crises, in which the US is currently embroiled, is enough to make one wonder if the next global crisis will be fought not in the capital markets but in the actual battlefield. As the WSJ recounts, "a convergence of security crises is playing out around the globe, from the Palestinian territories and Iraq to Ukraine and the South China Sea, posing a serious challenge to President Barack Obama's foreign policy and reflecting a world in which U.S. global power seems increasingly tenuous. The breadth of global instability now unfolding hasn't been seen since the late 1970s, U.S. security strategists say, when the Soviet Union invaded Afghanistan, revolutionary Islamists took power in Iran, and Southeast Asia was reeling in the wake of the U.S. exit from Vietnam."
Governments from Around the World – Including Western, Islamic, Asian and African Nations – ADMIT They Use False Flag TerrorSubmitted by George Washington on 07/08/2014 11:12 -0400
If We Don't Learn Our History, We're Doomed to ... "KaBoom!"
The only thing that is more shocking than yesterday's stunning defeat of Republican Eric Cantor at the hand of a completely unknown tea-party candidate, David Brat - an outcome many have called the "biggest blow to the GOP establishment in years" and one which may be reverberating in equities today as "same as it ever was" politics was dealth a major blow - is just how unknown (and underfunded) David Brat is (and was). So for all those curious to learn some more about this Cantor-slaying "David", here it is from the horse's mouth: his CV from Randolph-Macon College in Virginia.
While The Tea Party had been relatively aggressive in the race, it is still quite shocking to the establishment that the second-highest House Republican just got unseated (despite outspending Brat by a ratio of 5-to-1) by a local tea-party-backed economics professor:
HOUSE MAJORITY LEADER CANTOR LOSES VIRGINIA REPUBLICAN PRIMARY
DAVID BRAT BEATS CANTOR IN VIRGINIA PRIMARY, AP REPORTS
TEA PARTY CHALLENGER BEATS SECOND-HIGHEST HOUSE REPUBLICAN: AP
Echoing Europe's dissatisfaction with the status quo, it appears the announcement of the death of the Tea Party was a little premature. Cantor was elected to Congress in 2000... looks like we have to add one to initial jobless claims this week. Meet the man who just crushed Eric Cantor...
soaring food prices are not only already here but are set to surge even more, especially for those who rather eat real meat than mystery meat dispensed with largesse at your favorite $0.99 fast food. So what are food processors to do facing soaring meat input costs and unwilling to suffer bottom line hits? Why, return to that old staple of unknown origin of course.
Here comes Pink Slime... again.
No need to consider potentialities folks...
If We Don’t Learn Our History … We May Very Well Blow Off Our Own Foot
"I will pursue Herbalife to the end of the earth," is the threat Bill Ackman made and the hedge fund manager acknowledges spending more than $20 million in a lobbying and media campaign against the health product company. But on the heels of his non-front-running non-insider-trading transactions in the Allergan deal, details about the Herbalife whistleblower's "deal" raise more questions about ethics. Giovanni Bohorquez has now been named as Ackman's inside-man and the $3.6 million secret deal he will receive for spilling inside information about Herbalife's actions is raising significant questions about conflicts of interest. Having flatly denied being paid, "I'm not getting any benefit," during an on-camera ABC interview, ABC now reveals that Ackman agreed to the deal after Bohorquez balked at going public because he feared his disclosures could make it difficult for him to find work at an executive level. It seems $3.6 million promptly relieved any fears of not being able to get a job.
- Ukraine's leaders say have U.S. backing to take on 'aggressors' (Reuters)
- Goldman Sachs Stands Firm as Banks Exit Commodity Trading (BBG)
- Obama reassures Japan, other allies on China as Asia trip begins (Reuters)
- China Challenges Obama’s Asia Pivot With Rapid Military Buildup (BBG)
- Google’s Stake in $2 Billion Apple-Samsung Trial Revealed (BBG)
- No bubble here: Numericable Set to Issue Record Junk Bond (WSJ)
- 'Bridgegate' scandal threatens next World Trade Center tower (Reuters)
- Supreme Court Conflicted on Legality of Aereo Online Video Service (WSJ)
- Barclays May Cut 7,500 at Investment Bank, Bernstein Says (BBG)
On the one year anniversary of the Boston Marathon Bombing (which oddly enough the NSA did not prevent, even before its expansive anti-terrorist exploits were revealed by Edward Snowden) it was practically unavoidable that there would be some echos of that tragic day. Sure enough as CBS reports, "the area near the finish line of the Boston Marathon was evacuated Tuesday night after two unattended backpacks were left at the finish line. Police tape has been put up around the photo bridge on Boylston Street. WBZ-TV photographers on scene say they saw a person with the backpack screaming “Boston Strong” before police cleared everyone from the area."
- Putin Threatened With More Sanctions as Russia Out of G-8 (BBG)
- China Faces ‘Mini Crisis’ on Debt Defaults, Ex-PBOC Adviser Says (BBG)
- Don't laugh too hard: Obama to propose ending NSA bulk collection of phone records (Reuters)
- SEC Is Probing Dealings by Banks and Companies in Loan Securities (WSJ)
- Japan GPIF asset review not aimed at supporting domestic stocks (Reuters)
- Chinese families clash with police, slam Malaysia over lost plane (Reuters)
- Russian Capital Flight Surges in First Quarter, Fueled by Ukraine Crisis (WSJ)
- Democrats ditch Nate Silver after data whiz predicts dismal midterm outcome (DN)
- China’s Urbanization Loses Momentum as Growth Slows (BBG)
Utah state prosecutors have received accusations of wrongdoing and gathered evidence in a wide-ranging corruption scandal involving Majority Leader Harry Reid and rising Republican Senator Mike Lee. However, as The Washinton Times reports, FBI agents have been thwarted in their efforts to launch a full federal investigation by the Justic Department. "DOJ risks creating the perception of a cover-up," warned one senior FBI official.
Including a Direct Contact with Bin Laden by an FBI Resource In 1993
Would you like to buy a house for one dollar? If someone came up to you on the street and asked you that question, you would probably respond by saying that it sounds too good to be true. But this is actually happening in economically-depressed cities all over America. Of course there are a number of reasons why you might want to think twice before buying any of these homes...