Department of Justice

• The Department of Justice has opened an initial probe into the metals warehousing industry (WSJ)
• Obama Says Budget Debate a Battle for Middle Class Future (BBG)
• Death Toll From Spanish Train Crash Hits 77 (WSJ)
• ‘Fabulous Fab’ takes to witness stand (FT)
• Banks Said to Weigh Suspending Dealings With SAC as Charges Loom (BBG) - what about Anthony Scaramucci?
• How the Muslim Brotherhood lost Egypt (Reuters)
• German Business Confidence Rises for a Third Month (BBG)
• Fraternities Lobby for Tax Break Without Hazing Penalties (BBG)
• China charges Bo Xilai with corruption, paves way for trial (Reuters)
• Airbus Pushes Higher-Density A380 to Counter Luxury Image (BBG)

Real, meaty analysis and ideas!

At first, it was just GlaxoSmithKline, which “confessed” to having paid bribes in China, including “sexual bribes.” Now more drugmakers are on the hot seat.

US AG Eric Holder, who it appears is not busy committing perjury before Congress, or failing to prosecute one single TBTF bank due to their systemic nature, or eavesdropping on the AP, or recording every American electronic communication, or selling weapons to Mexican drug cartels, or generally using the constitution as one-ply toilet paper, has found some time to peddle his thoughts on the Trayvon Martin shooting at an NAACP convention in Orlando. So what did the head of the US department of justice say? He proceeds to blast "Stand your ground" laws, because, you see, having the right to self-defense is dangerous and may lead to escalations. No really: "Separate and apart from the case that has drawn the nation's attention, it's time to question laws that senselessly expand the concept of self-defense and sow dangerous conflict in our neighborhoods." In other words, Holder is spreading a very christian message: when slapped, present the other cheek.

Despite the worst fears of many that this morning America might wake up to a redux of a flaming Compton and Watts, so far there have been no widespread riots or looting, even if vandalism has broken out sporadically among the countrywide angry protests.

Independence? Corzine's cooked and so is the Fed.  But why did it take the CFTC two years to hunt down Corzine?

Things are turning from bad to worse for the real-life version of The Terminal's Edward Snowden, who a day after applying to 21 countries for political asylum has been flooded with rejection letters near and far, even as he was forced to cancel his application to his current host nation, Russia, after being told he would have to stop leaking secrets as a condition to stay. More from the FT: "The 30-year-old fugitive’s options narrowed further on Tuesday when China reacted coolly to the idea of him moving there, Poland rejected an application and other European nations said asylum requests had to be made in the country."

72% of Likely U.S. Voters Know the NSA Has Monitored the Private Communications of Congress, Military Leaders and Judges

The Swiss Parliament basically told the US Department of Justice to fuck off.

"It is getting to the point where the mark of international distinction and service to humanity is no longer the Nobel Peace Prize, but an espionage indictment from the US Department of Justice." - Julian Assange

Head of Mainstream News Group: “The Government May Love This [Destruction of the Free Press]. I Suspect That They Do. But Beware The Government That Loves Secrecy Too Much”

NSA Leaks Help – Rather than Hurt – the United States

A Roundup of What's REALLY Going On ...

Are Emergency Plans Meant Only for Nuclear War the Real Justification for Spying?