Israel

Erdogan Apologizes To Putin Over Death Of Russian Pilot, Calls Russia "Friend", Restores Ties With Israel

In two stunning geopolitical developments over the past 24 hours, Turkey - which is finding itself increasingly snubbed by not only Europe but also the US - has pivoted dramatically and shortly after restoring full deplomatic ties with another country that has recently seen the cold shoulder from the Obama administration, namely Israel, moments ago apologized to Russia for last year's downing of a Russian jet which allegedly crossed above its territory as part of the Russian campaign against ISIS.

Frontrunning: June 27

  • After ‘Brexit’ Vote, Europe’s Leaders Debate Timing of U.K.’s Departure (WSJ)
  • Pound Slumps, Banks Tumble on Brexit Fallout; Bonds Extend Gains (BBG)
  • To Brexit or Regrexit? A dis-United Kingdom ponders turmoil of EU divorce (Reuters)
  • ‘Brexit’ Sparks Political Turmoil Across U.K. (WSJ)
  • 10 ways to leave EU lover; scenarios for Brexit (Reuters)
  • The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit (BBG)

Voting Begin: Stocks Surge, Sterling Hits 2016 Highs, Futures Flirt With 2100

On the day voting for the UK referendum finally began, what started off as a trading session with a modest upward bias, promptly turned into a buying orgy in painfully illiquid markets shortly after Europe opened as an influx of buy orders pushed European stocks 2% higher, propelled by cable which was above 1.49 for the first time since December and USDJPY climbing over 1.05 in sympathy, following the release of the final Ipsos Mori poll which showed Remain at 52% to 48% for leave.

Is The Syrian War About To Experience A Major Escalation?

"We’re going to war - either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering."

Frontrunning: June 22

  • Nervy global investors revisit 1930s playbook (Reuters)
  • Stocks Trade Near Week High Before Brexit Vote; Commodities Gain (BBG)
  • Yellen May Face Tougher Crowd in House Appearance (WSJ)
  • In SolarCity Bid, Tesla’s Musk Targets Customers Wanting All (BBG)
  • Trump to detour from campaign to visit Scotland golf properties (Reuters)

The Top 100 Hedge Funds Of 2016 According To Barron's

Here is the table of the Top 100 best performing hedge funds of 2016 ranked by their 3-year compound return, with an average return of 16.98% (ranging from 30% to 12%), outperforming the S&P's 3 year return of 15.13%.

Trump Says Muslims Should Be Profiled

"I think profiling is something that we're going to have to start thinking about as a country," Trump said when asked on CBS whether he supported more profiling of Muslims in America. "It's not the worst thing to do. You look at Israel and you look at others, and they do it and they do it successfully. And you know, I hate the concept of profiling, but we have to start using common sense," he added.

Noam Chomsky On The Breakdown Of American Society & A World In Transition

The US is facing uncertain times. While it remains the only global superpower, it is no longer able to influence events and outcomes to its liking, at least not for the most part. Frustration and worry about the risk of upcoming disasters seem to far outweigh US voters' hopes for a more rational and just world order. Meanwhile, Noam Chomsky argues, the rise and popularity of Donald Trump is occurring due to the fact that US society is breaking down. In this exclusive interview with Truthout, Noam Chomsky addresses contemporary developments in both the United States and around the world and challenges prevailing views about class warfare, neoliberalism as the outcome of economic laws, the role of the US as a global power, the status of emerging economies and the power of the Israel Lobby.

Violence Begets Violence: The Orlando Shootings And The War On Terror

We can rail against ISIS, hate crimes, terror threats, Islamic radicalization, gun control and national security. We can blame Muslims, lax gun laws, a homophobic culture and a toxic politic environmental. But until we start addressing the U.S. government’s part in creating, cultivating and abetting domestic and global terrorism - and hold agencies accountable for importing and exporting violence, breeding extremism and generating blowback, which then gets turned loose on an unsuspecting American populace - we’ll be no closer to putting an end to the violence than we were 15 years ago when nearly 3,000 individuals were killed on Sept. 11, 2001.

ISIS-Linked Islamist Kills Two French Policemen In Latest "Abject Act Of Terrorism"

A suspected Islamist attacker stabbed a French police commander to death outside his home and later killed his companion, a policewoman, in an attack claimed by Islamic State and denounced by the government as "an abject act of terrorism".  The assailant, a 25-year-old Frenchman of Moroccan origin, was jailed in 2013 for helping Islamist militants go to Pakistan and had been under security service surveillance, including wiretaps, at the time of the attack, police sources said.

Paul Craig Roberts On The "Frustrations Of Telling The Truth"

"All of my life I have confronted the vast bulk of humanity living in a false reality created by self-serving powerful interest groups and the government that they control. People believe the lies that define their reality, because they lack the education and the emotional and intellectual strength to confront the obvious lies."

Frontrunning: June 9

  • European Bond Yields Hit Record Lows as Stocks Tumble (WSJ)
  • Oil prices soften on profit taking after hitting 2016 highs (Reuters)
  • Wooing Sanders supporters will be tough task for Clinton (Reuters)
  • Clinton ally Warren weighs potential VP role, sees hurdles (Reuters)
  • Rise of the Machines Fueled by Higher Asia Manufacturing Wages (WSJ)