By way of excuse for what President Obama called "a tragic incident," (and The UN called a 'war crime') US officials have claimed that the Taliban were fighting from within the Kabul hospital (which was destroyed by a US air strike yesterday killing at least 19 including 3 children) using aid workers as "a human shield." However, this justification for the 'collateral damage' has been vehemently denied by Medecins Sans Frontier (MSF) who have issued a statement dismissing the US claims, "the gates of the hospital compound were closed all night so no one that is not staff, a patient or a caretaker was inside the hospital when the bombing happened..." but, the US strike has done one thing, as one local health official concluded, "this city is no longer for the living."
"The Americans were startled once again when tragic news break out about the deadly campus shooting in Oregon on Thursday. However, the United States is "the only advanced country on earth that sees these kinds of mass shootings every few months," just like President Barack Obama has painfully acknowledged. How come a country as powerful as the United States has been unable to stop this kind of brutal attacks against innocent civilians? The problem is deeply rooted in the country's political system, where bipartisan politics and interest groups exert huge influence, to the point that security of the American people have to give way to political correctness and corporate interests."
- U.S., Allies Demand Russia Stop Attacks on Syria Opposition (BBG)
- Russian Airstrikes Defend Strategic Assad Regime Stronghold on Syria’s Coast (WSJ)
- Emerging Stocks Head for Weekly Advance Before U.S. Jobs Data (BBG)
- Wage Strife Clouds Car-Sales Boom (WSJ)
- Oregon town reels from classroom carnage (Reuters)
- Oregon shooter came from California, described as shy and skittish (Reuters)
"It's living in hell in Syria. They are living in hell," according to Donald Trump, blaming President Obama's failed policies. However, in a reversal of policy - earlier this month he told Fox News the US should take in more refugees - Trump told a New Hampshire rally: "If I win, they're going back."
In a recent appearance before Congress, Deputy Attorney General Sally Quillian Yates declared that the US Department of Justice is going to ratchet up its prosecution of individuals employed in corporations as part of a larger push against “white collar crime.” Within the next year, we should expect to see mid-level business and finance executives doing “perp walks” in front of the news media, as federal prosecutors will charge them with various “economic crimes” in hopes that they will implicate their superiors. All of us by now know the drill and in a time of anemic economic growth complete with business failures, it won’t be hard to find scapegoats.
- Commodities in crisis as Asian shares tumble and shipper files for bankruptcy (Reuters)
- Global Rout Eases as S&P 500 Futures Advance With Oil, Glencore (BBG)
- Chinese Stocks Decline Most in a Month in Hong Kong on Economy (BBG)
- India cuts interest rates by more than expected (BBC)
- Glencore Rebounds as $50 Billion Plunge Is Seen as Excessive (BBG)
- How Congress May Have Saved Goldman Sachs From Itself (BBG)
- Headline winner: "Read Beyond Massive Job-Cuts Headlines: Labor Market Is Fine" (BBG)
- And speaking of lies: The More Yellen Talks Up Inflation, the Less Traders Believe Her (BBG)
- How Some Investors Get Special Access to Companies (WSJ)
- Victorious Catalan separatists claim mandate to break with Spain (Reuters)
- Russia seizes initiative in Syria (Reuters)
- Former VW boss Winterkorn investigated for fraud (Reuters)
- Investors Pull Back From Junk Bonds (WSJ)
In "Sweeping" Interview, Putin Calls US Syria Strategy "Illegal", Details Russia's Support For AssadSubmitted by Tyler Durden on 09/27/2015 10:27 -0400
"In my opinion, provision of military support to illegal structures runs counter to the principles of modern international law and the United Nations Charter."
Did Australia's Prime Minister Tony Abbott just lose his job because of fears that a probe and audit of the "data" and "statistics" behind global warming could threaten to destroy Goldman Sachs' best laid cap-and-trade, emissions trading scheme and carbon tax plans?
"If accurate, the report of NSF members providing equipment to al Nusra Front is very concerning and a violation of Syria train and equip program guidelines"...
As Russia gears up for an offensive designed to rout anti-government forces operating in Syria, the US finds itself in the awkward position of having to partner with two of Washington's fiercest critics in the fight against terror. With the clock ticking on America's Mid-East strategy, Obama is set to sit down for a critical one-on-one with Putin that could have major geopolitical implications.
Government poses a threat to liberty, that much is clear. But what may be surprising is that almost half of Americans clearly identified government as a clear and “immediate” threat, and are obviously outraged about what is going on. It is time that Americans embrace their anger at government, and focus their attention past the politicians to the real problem. Start with the bankers, follow the money, and see where it goes...
- Stocks slip for fifth straight day, euro holds steady (Reuters)
- VW recall letters in April warned of an emissions glitch (Reuters)
- VW Cheating Scandal Threatens to Ensnare BMW as Probe Widens (BBG)
- Pope Francis set to address fractious U.S. Congress (Reuters)
- Norway Cuts Rates to Record Low to Save Economy From Oil Slump (BBG)
- Taiwan Cuts Rate for First Time Since 2009 as Exports Falter (BBG)
- Janet Yellen to speak at UMass on Thursday (Daily Collegian)
- A Big Bet That China’s Currency Will Devalue Further (NYT)
- Debt Relief for Students Snarls Market for Their Loans (WSJ)
As Bloomberg reports, "President Vladimir Putin, determined to strengthen Russia’s only military outpost in the Middle East, is preparing to launch unilateral airstrikes against Islamic State from inside Syria if the U.S. rejects his proposal to join forces, two people familiar with the matter said."