• Phoenix Capital...
    05/30/2015 - 12:50
    In simple terms, if the system is ever under duress again, money market funds can lock in capital (meaning you can’t get your money out) for up to 10 days. This is just the start of a much...

NBC

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Military "Accidentally" Sends Live Anthrax To 9 States Via FedEx





The US military inadvertently shipped live anthrax samples to labs in nine states and one lab in South Korea. The army says it simply doesn't know what went wrong at the Dugway, Utah site from which the samples originated. Dozens of people are now being treated for possible exposure.

 
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Plains All American Pipeline Ruptures; 21,000 Barrel 4-Mile Oil Slick On Santa Barbara Beaches





Emergency officials and Exxon Mobil were responding Tuesday afternoon to a ruptured pipeline that was leaking crude oil into the ocean off the Santa Barbara County coast, authorities said. The Santa Barbara County office of emergency management has identified the responsible party as Plains All American Pipeline. As The LA Times reports, by 3:45 p.m., the leak had left a four-mile-long sheen of oil extending about 50 yards into the waters along Refugio State Beach in Goleta, said U.S. Coast Guard Petty Officer Andrea Anderson.

 
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Seymour Hersh Slams Establishment Media: "I Am Not Backing Off Anything I Said"





"...if anyone didn’t think the president was going to f##k [the Pakistani military] they are out of their mind. He was always going to f##k them.... The White House has been very clever about this. They have gone after me personally. They don’t like me boo hoo hoo.... Don’t turn this into some sort of profound anti-American statement."

 
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Miami Beach Cops Caught Exchanging 100s Of Racist, Pornographic Emails





Just as race relations in America leave the front-pages for a day - as the news cycle briefly and sadly focuses on Amtrak - Miami Beach police department drags the nation back into debate. According to Miami-Dade State Attorney Katherine Fernandez Rundle, more than a dozen Miami Beach Police officers exchanged numerous racist and pornographic emails. "This is a very sad day for Miami Beach," Mayor Levine concluded, after Rundle explained that the officers are involved in 540 cases, with about 30% of them involving black defendants.

 
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In Stunning U-Turn, NBC Retracts Story That Obama Lied About bin Laden





It would appear someone at NBC News got a rather large tap on the shoulder. In what is a stunning reversal of their confirmation that President Obama lied and lying about the killing of bin Laden, NBC News has updated their original story - that "two intelligence sources tell NBC News that the year before the U.S. raid that killed Osama bin Laden, a 'walk in' asset from Pakistani intelligence told the CIA where the most wanted man in the world was hiding" - to this - "Sources say that while the asset provided information vital to the hunt for bin Laden, he was not the source of his whereabouts." As Slate concludes, while NBC’s story doesn’t use the word correction or retraction, that’s what this appears to be.

 
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Caught On Tape: Moment Of Deadly Amtrak Train Crash





Amtrak Regional 188, with over 200 passengers aboard, was traveling at 106 mph just before "the entire train derailed" in Philadelphia, federal investigators said Wednesday, according to NBC News, more than twice the speed limit at the curve where it hurtled off the tracks. With the death toll now raised to seven, and officials still unable to account for everyone on board, Philadelphia Mayor Michael Nutter exclaimed, "I don't believe that anyone standing here today has any memory of a derailment of this kind in 50 years," and judging by the following clip - we are stunned the fatality count was so low.

 

 
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NBC Confirms Obama Lied About Bin Laden Raid





It looks like all those ‘conspiracy nuts’ who took issue with the “official” story following the President’s original announcement of bin Laden’s death were not so crazy after all. There’s a reason millions of Americans have lost trust in their government, and especially with the sitting President of the United States. It’s because we have been consistently lied to about anything and everything of any significance.

 
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Riddle Me This: The Difference Between Headlines And Reality





What is extremely clear is that there is something amiss with the statistical headline employment and economic data. While there are indeed pockets of improvement, which should be expected following a recessionary contraction, there is a lack of widespread recovery. That sentiment is clearly reflected in every major poll of American's over the last year. What is important is that there is a clear disconnect between the financial markets, statistical economic headlines, and the reality of the vast majority of American consumers. So, riddle me this - what happens when that disconnect is eventually resolved?

 
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Guest Post: The Big Business Of Cancer - 100 Billion Dollars Was Spent On Cancer Drugs Last Year Alone





If you are an American, there is a 1 in 3 chance that you will get cancer during your lifetime.  If you are a man, the odds are closer to 1 in 2.  And almost everyone in America either knows someone who currently has cancer or who has already died from cancer.  But it wasn’t always this way.  Back in the 1940s, only one out of every sixteen Americans would develop cancer. Despite billions spent on research and all of the technological progress we have made over the years this plague just continues to spiral wildly out of control.  Why is that?

 
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96% Of Americans Expect More Civil Unrest In U.S. Cities This Summer





Are you ready for rioting, looting and mindless violence in major U.S. cities all summer long?  According to a brand new Wall Street Journal/NBC News poll, 96 percent of all Americans believe that there will be more civil unrest in America this summer.  That leaves only 4 percent of people that believe that everything will be just fine.  In this day and age, it is virtually impossible to get 96 percent of Americans to agree on anything.  So the fact that just about everyone agrees that we are going to see more civil unrest should really tell you something.

 
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Frontrunning: May 5





  • Fed's Yellen says met firm at heart of leak probes (Reuters)
  • EU Raises Growth Outlook as ECB Counters Greek Threat (BBG)
  • Hillary Clinton Takes Hit in WSJ Poll, but Holds Edge Over GOP Rivals (WSJ)
  • China stocks slump on tighter margin rules, IPOs; Hong Kong down (Reuters)
  • McDonald’s Chief Promises Turnaround in a Restructuring (NYT)
  • German Bond Market Selloff Continues (WSJ)
  • Vanguard overtakes Pimco’s Total Return following outflows in wake of Bill Gross’s departure (WSJ)
  • EU Demands Concessions as Greece Hurtles Toward Deadlines (BBG)
  • Junk Bonds Are The New Haven Assets (BBG)
 
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ISIS Claims Responsibility For Texas Shooting That Leaves Two Dead, Police Officer Injured





Yesterday, around 7 pm, dozens of people were at a contest hosted by New York-based American freedom Defense Initiative at the Curtis Culwell Center in Garland, Texas when police said two men pulled up in a vehicle and shot a Garland Independent School District Security guard in the ankle at about 7 p.m. The men were then shot and killed by Garland police. While the FBI did not have any immediate comments or speculation on the reason behind the attac, according to the Site intel group, overnight it was Islamic State supporters who took "credit" for the bungled shooting attack.

 
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1%-ers Encounter An Unexpected Parking Problem At The Kentucky Derby





"Sir, we know you spent $13,000 on a seat for the Derby but as you can see, we are full. Please take your Citation over to Lexington. We hear they have some spots."

 
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Meanwhile, In Baltimore





The Baltimore riots may have calmed down but their aftermath remains, and nowhere is it more tangible than what is taking place in Orioles Park right now.

 
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