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An American In ISIS: Meet Doug McCain, One Dead Jihadist





Perhaps the only question emerging from this profile of the first document US citizen casualty fighting for the Islamic State, whose name earlier was revealed as Douglas McAuthur McCain, is whether he and John are related.

 
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San Francisco Bay Area Hit By Strongest Earthquake In 25 Years; Wine Country Shakes - LIve Webcast





An earthquake of 6.0 magnitude, the largest in the region for 25 years, shook the San Francisco Bay Area early on Sunday, waking residents and causing some power outages and minor damage, according to initial reports.

 
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Ebola Patient Dr. Kent Brantly Leaves Hospital - Live Feed





After 19 days in isolation, The Fort Worth doctor who became infected with the Ebola virus while serving as a missionary in Africa will be released from an Atlanta hospital later today, the hospital announced early Thursday. As NBC reports, Dr. Kent Brantly is scheduled to make a brief statement to reporters Thursday morning before leaving to spend time with his family at an undisclosed location, the hospital said. Fellow missionary Nancy Writebol, who also became ill with Ebola while working in Liberia, is still being treated at Emory Hospital. No timetable has been given for her release.

 
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Car Repos Soar 70% As Auto Subprime Bubble Pops; "It's Contained" Promises Fed





The auto loan subprime bubble may be the latest to burst (after student loans) as the rate of car repossessions jumped 70.2 percent in the second quarter, with much of that increase coming from finance companies not run by automakers, banks or credit unions. "The number of delinquencies and repossessions rising is what we would expect as the auto industry sells more vehicles," "But this slight uptick is one to keep an eye on." The surge in delinquencies and repossessions is being driven primarily by borrowers with subprime and deep subprime credit scores.

 
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Ferguson Curfew Cancelled As National Guard Arrives; Holder Demands To "Remove The Damn Tanks"





The Missouri Governor Jay Nixon gave "no heads up" to the White House before deploying The National Guard and has now made another abrupt decision as The National Guard closes in on Ferguson:

*NIXON'S CALL TO HALT CURFEW TONIGHT MADE IN E-MAILED STATEMENT

We presume when there are military tanks rolling through the streets of a town, there is no need for the actual implementation of a curfew... This once again rubs the administration's nose in it as AG Holder's comments from last week hang in the air: "get those damned tanks out of there."

 
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Mission Creep: From Rescuing Iraq Refuges, The US Is Now Assisting Kurds In Fighting ISIS With Drones, F-18s





Just over a week ago, Obama announced that the US military intervention in Iraq would be solely under the pretext of "humanitarian intervention" while US troops would be deployed exclusively as "advisers", and nothing else. 7 days later, the siege on Mount Sinjar is virtually over with the US announcing that "far fewer Iraqi refugees were found on mount Sinjar", and yet the US finds it difficult to leave: something which the current president crusaded against his predecessor over. And today it was finally confirmed that the latest US airborne assault of Iraq (so far without a land invasion force) has just suffered terminal mission creep, when US airstrikes, by both F-18s and drones, were used not to protect and safeguard the besieged refuges but to aid Kuridsh forces in retaking the critical Mosul dam from ISIS militants who took control of the critical piece of infrastructure in early August.

 
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Looting Resumes In Ferguson; Local Police Ordered To Stand Down





After a day of relative peace, things turned ugly again in Ferguson when shortly after midnight crowds again resorted to looting and vandalism in multiple businesses along West Florissant Ave with the focal point being the QuikTrip convenience store which Mike Brown allegedly robbed. The incidents seemed to gather steam after 12:00am. According to KTVI, at least 200 St. Louis County Police officers were on scene and helping handle the situation. They confirm the Domino’s Pizza on West Florissant was set fire and burned. They also confirm multiple businesses vandalized and looted. But the shocker happened when county Police told Fox 2 News that its officers were at the Ferguson Market earlier when looters showed up, but were ordered to “Stand down” by Missouri State Highway Patrol incident commanders at the scene and basically withdrew and allowed the looters to have their way with the store.

 
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Missouri Governor Nixon Delivers Statement On Ferguson Turmoil





In a few moments, Missouri Gov. Jay Nixon will speak at 4:00 p.m. ET. about the turmoil in Ferguson. As NBC reports, Nixon canceled a planned visit to the state fair and said he would visit the St. Louis suburbs Thursday after a fourth night of civil unrest over the police killing of Michael Brown, an unarmed black teenager. Nixon said in an earlier statement that the worsening situation in Ferguson was “deeply troubling.”

 
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The Iraq War Officially Begins (Again): US Troops Prepare For Rollout As US Drones Strike ISIS Positions





UPDATE: U.S. SAID TO LAND TROOPS ON MT. SINJAR IN IRAQ, ABC NEWS SAYS

U.S. military officials say an armed American MQ-1 Predator drone has attacked and destroyed a mortar position of Islamic militants in northern Iraq. As WaPo reports, the drone attack marks a departure for the U.S. military, which had said previously that drones were flying missions over Iraq only to collect intelligence. No boots hit the ground in the carrying out of this action...

 
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US Airstrikes Caught On Tape; ISIS Retaliates By Capturing Hundreds Of Yazidi Women





Update: US has launched another round of airstrikes

As the following clip shows, the explosions from two F-18s dropping 500lb bombs were large and Iraq officials stated that 45 ISIS fighters were killed (and 60 injured). While The Islamic State's response was to demand blood for US intervention, it appears they went domestic first. As AP reports, Iraqi officials say hundreds of Yazidi women (under 35) have been taken captive by Islamic State militants (and held in schools in Mosul).

 
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Europe Continues To Deteriorate Leading To Fresh Record Bund Highs; All Eyes On Draghi





There were some minor fireworks in the overnight session following the worst Australian unemployment data in 12 years reported previously (and which sent the AUD crashing), most notably news that the Japanese Pension Fund would throw more pensioner money away by boosting the allocation to domestic stocks from 12% to 20%, while reducing holdings of JGBs from 60% to 40%. This in turn sent the USDJPY soaring (ironically, following yesterday's mini flash crash) if only briefly before it retraced much of the gains, even as the Pension asset reallocation news now appears to be entirely priced in. It may be all downhill from here for Japanese stocks. It was certainly downhill for Europe where after ugly German factory orders yesterday, it was the turn of Europe's growth dynamo to report just as ugly Industrial Production which missed expectations of a 1.2% print rising only 0.3%. Nonetheless, asset classes have not seen major moves yet, as today's main event is the ECB announcement due out in less than an hour. Consensus expects Draghi to do nothing, however with fresh cyclical lows in European inflation prints, and an economy which is clearly rolling over from Germany to the periphery, the ex-Goldmanite just may surprise watchers.

 
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US Army General Killed In Kabul Officers Academy Attack





A two-star US General has been killed in Afghanistan, according to ABC News, which appears to be the highest-ranked US officer KIA since The Vietnam War. The attack took place in the relative safety of the officers academy at Camp Qargha, Kabul, when a gunman wearing an Afghan army uniform apparently turned his weapon against Americans and other Afghans. In addition to the US general's death, a German brigadier general was injured along with 15 other ISAF personnel. Afghan President Karzai said the attack was "an act by the enemies who don’t want to see Afghanistan have strong institutions."

 
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Ebola Comes To America





If the worst Ebola outbreak in recorded history reaches the United States, federal law permits "the apprehension and examination of any individual reasonably believed to be infected with a communicable disease". These individuals can be "detained for such time and in such manner as may be reasonably necessary". In other words, the federal government already has the authority to round people up against their will, take them to detention facilities and hold them there for as long as they feel it is "reasonably necessary". Think that is a little extreme, think again. As NBC reports, Emory University Hospital, Atlanta will be treating a patient with Ebola in the next several days.

 
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