Newspaper

Sterling Surges, UK Stocks Enter Bull Market After Andrea Leadsom Quits UK Leadership Race

With the race for next Tory leadership and the next UK prime minister all down to two women, Theresa May and Andrea Leadsom, moments ago both BBC and Sky News reported that in a statement due shortly, Andrea Leadsom would announce she was quitting the UK leadership race which means the only candidate to be Britain’s next prime minister would be the soft pro-remain candidate Therea May.

Theory Of "Conspiracy Theorists"

It seems to have become one of the most popular ways of ridiculing somebody’s argument or position, calling into question someone’s sanity or even somebody’s right to their very own existence in recent years are "You’re a conspiracy theorist!","That sounds like a conspiracy theory to me!" The definition of conspiracy insists on the “evil, harmful, bad” side of things.  In other words; in the English language, it is impossible to conspire to do good. Here however are some alternative definitions of “conspiracy theorist”: someone who has seen through the bullshit; and/or someone who questions the statement of known liars.

 

China To Use Pension Funds As $300 Billion "Plunge Protection Team"

The country’s local retirement savings managers, which manage about $300 billion, are handing over some of their cash to the National Council for Social Security Fund, which will oversee their investments in securities including equities. Why the shift? Simple: to help stabilize markets during the next rout. During last year’s tumble, policy makers armed state-run investing company China Securities Finance Corp. with more than $480 billion to try and limit declines. Now it's the pensions' turn.

Black Lives Matter Activist DeRay McKesson Arrested In Baton Rouge

DeRay McKesson, one of the most prominent activists associated with the Black Lives Matter movement, was arrested in Baton Rouge, where he traveled earlier Saturday to demonstrate in solidarity with residents.  News of McKesson’s arrest exploded on social media, with more than 100,000 tweets before dawn using the hashtag #FreeDeray. Many urged people to call Baton Rouge police and demand his release.

4 Shot, 1 Killed After Black Gunman Fires At Passing Cars On Tennessee Highway, Targeting Police, Whites

A man accused of shooting indiscriminately at passing cars and police on a Tennessee highway told investigators he was angry about police violence against African-Americans, authorities said Friday. Scott, who is black, was wounded in the shootout with police. One woman died and three others, including one police officer, were injured in the rampage All the people he shot were white, police confirmed.

Germany's New "No-Means-No" Rape Law

When it comes to immigration, political correctness often overrides the rule of law in Germany, where many migrants who commit sexual crimes are never brought to justice, and those who do stand trial receive lenient sentences from sympathetic judges. As Rainer Wendt, head of the German police union, exclaimed, "every police officer knows he has to meet a particular political expectation. It is better to keep quiet [about migrant crime] to avoid problems."

Frontrunning: July 5

  • Pound Tumbles to 31-Year Low as Its Post-Brexit Selloff Resumes (BBG)
  • Bad Debt Piled in Italian Banks Looms as Next Crisis (WSJ)
  • Stock Market to Bond Market: ‘La-La-La I Can’t Hear You' (WSJ)
  • A Prime Minister, a Referendum and Italy’s Turn to Get Worried (BBG)
  • Brexit Vote Paralyzes Companies Across Europe  (WSJ)

German Arms Exports Nearly Double In 2015

Germany exported 7.86 billion euros ($8.75 billion) of arms last year (compared with 3.97 billion euros in 2014) including a controversial 1.6 billion euros sale to Qatar - the Gulf Arab state has been labeled by German opposition parties as an alleged source of funding for ISIS.

Queen Urges "Keep Calm" As Scotland Seeks To Block Brexit

"If there is a way to stay in the EU, I am determined to pursue it," proclaimed Scottish First Minister Nicola Sturgeon in an interview with Greece's To Ethnos newspaper, noting that Scottish parliament is looking into legal grounds for a new referendum on secession from UK. This confirms JPMorgan's base case that Scotland will vote for independence and institute a new currency at that point. Shortly after Sturgeon's comments, The Queen made her first post-Brexit speech (ironically in Scottish parliament) urging Britons to "stay calm and focused," pointedly noting "real leadership requires deeper and more dispassionate thinking in turbulent times."

Frontrunning: July 1

  • Bond yields sink as central banks head for easier policy (Reuters)
  • PM hopeful Gove says UK leader must believe in Brexit (AP)
  • U.K. Can’t Bank on EU’s Rationality in Talks (WSJ)
  • Gove Makes Case for U.K. Premiership After Johnson Betrayal (BBG)
  • ECB not debating abandoning capital key in QE buys (Reuters)

Why Was A Gun Used in The Paris Terrorist Attacks Linked To "Fast And Furious"

One of the guns used in the November 13, 2015 Paris terrorist attacks came from Phoenix, Arizona where the Obama administration allowed criminals to buy thousands of weapons illegally in a deadly and futile “gun-walking” operation known as “Fast and Furious.”  ATF leaders went out of their way to keep the information under the radar and ensure that the gun owner’s identity was “kept quiet,” according to law enforcement sources involved with the case. “