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.
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.
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.
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?
Guest Post: The Big Business Of Cancer - 100 Billion Dollars Was Spent On Cancer Drugs Last Year AloneSubmitted by Tyler Durden on 05/07/2015 20:50 -0400
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?
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.
- 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)
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.
"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."
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.
- Police enforce curfew in Baltimore, disperse protesters (Reuters)
- Saudi king resets succession to cope with turbulent times (Reuters)
- Euro-Area Bank Lending Increases for First Time Since 2012 (BBG)
- Riksbank Increases Bond Purchases as Key Rate Left Unchanged (BBG)
- Greek Banks Get More Funds as ECB Weighs Collateral Discount (BBG)
- Greek bank deposits drop 1.36 pct in March for sixth month in a row (Reuters)
- Sarao Remains in Jail After Failing to Pay Bail at Hearing (BBG)
The collapse of Q1 GDP has been placed squarely on the shoulders of weather (too hot, too cold, and definitely not just right) and the dockworkers strike which shut 29 seaports. As Q1 GDP plunged, so Q2 was lifted hockey-stick-like to keep the growth dream alive but so far in Q2, data has not shown the bounce expected... so we are going to need a bigger excuse. We have found one! As NBC Los Angeles reports, truck drivers who haul goods from the nation's busiest port complex in Los Angeles and Long Beach went on strike Monday in the latest action as part of a long-running labor dispute (it wasn't immediately clear how many of the 16,000 truckers would walk off the job).
"Louisiana faces a $1.6 billion budget shortfall in the coming fiscal year, a result of both plunging oil-tax revenue and the state’s failure to enact adequate tax increases or spending cuts after the economic downturn in 2009. The latest plans would mean an 82 percent cut to the state’s public colleges and universities."
Anthrax Was As Important As 9/11 In "Justifying" the War on Terror, the Iraq War, and the Patriot Act
Based on the newsflow in the last few weeks, Americans must increasingly consider themselves lucky just to avoid getting shot in the back or being run over by trigger-happy, heavily armed officers of the law. Unfortunately while we (hope we) mostly jest, the reality is that America has quietly turned into a heavily weaponized police state right under everyone's noses. A police state in which one doesn't have to be considered even a remote threat by the authorities to suffer. Consider the completely innocuous act of feeding the homeless, with a permit, which as San Antonio philanthropist Joan Cheever, founder of the nonprofit food truck, the Chow Train, discovered last week was enough to get her ticketed and fined $2000 for feeding the homeless.