The lines have been drawn in many police departments: it’s us vs. them. Trust in many departments has been utterly shattered within some communities because the police hold themselves to a different standard than they do the populace. But the recent cases of police brutality are simply a symptom of a much larger problem. Society in the US is breaking down, civility has been lost, and the country is rapidly becoming uncivilized. This extends within and across all of the most important institutions.
Texas Department of Public Safety trooper Abraham Martinez doesn't take kindly to motorcyclists who run stop signs, which is why when Steven Gaydos ignored a red octagon and led Martinez on a high speed chase, he ended up getting shot in the thigh before suffering the wrath of the trooper's flying jumpkick.
"I've said it before, and I'll say it again: In a situation with the police, it's not immediately about who is right or wrong, it's about staying alive,” a former Alabama state trooper says, in an open letter to African Americans across the country.
California is an interesting place. Probably something like California never existed before. A barren state with no substantial natural resources, with cities constructed mostly directly over major fault lines, no water, the highest per capita immigrant population of any US state, and of course, also the state with the highest population per capita of lawyers. "Land of fruits and nuts." or "La La Land" according to the LA Times:
The American justice system is broken. Completely and totally broken... "The Justice Department and FBI have formally acknowledged that nearly every examiner in an elite FBI forensic unit gave flawed testimony in almost all trials in which they offered evidence against criminal defendants over more than a two-decade period before 2000."
Understanding Jackson’s Bank War is critical to our future. He was absolutely correct insofar as following the Jeffersonian view that a National Debt would not be a Blessing as Hamilton proclaimed, but the servitude of the people that would ultimately consume all liberty.
On the heels of the South Carolina “confrontation” which led to the shooting death of Walter Scott, we get a new video out of Tulsa in which one Eric Courtney Harris — who apparently sold an illegal firearm to undercover agents and who CNN compassionately describes as a “possibly PCP-addled felon” — is “accidentally” shot by a 73-old reserve deputy who apparently could not distinguish between his Taser and his glock.
A man leads San Bernardino, CA police on a two hour, highspeed horse chase before being tased and beaten by officers who were attempting to arrest him for identity theft and police in Cottonwood, AZ end up in a fatal melee with a family Christian band (who officers say were immune to pepper spray, stun guns, and batons) living out of their car in a Wal-Mart parking lot.
Former Secretary of State Hillary Clinton is expected to officially announce her candidacy for the 2016 presidential election on Sunday, putting an end to months of speculation about her plans. Here are some key things to know about the first Democrat to declare her candidacy...
“If a guy runs, officers will chase him. But you can’t just shoot a guy"...
Activists plan to protest in South Carolina today, according to Reuters, after a white police officer was caught on video fatally shooting a 50-year-old black man in the back as he ran away following a traffic stop. The officer has been charged with murder and the FBI and U.S. Justice Department are investigating the shooting, the latest in a series of incidents that have raised questions about U.S. policing and race relations.
- Shell Will Buy BG Group for $70 Billion in Cash and Shares (BBG)
- IMF warns of long period of lower growth (FT)
- Wall Street sanguine as it heads into worst earnings season in six years (Reuters)
- Switzerland First With 10-Year Bond at Negative Yield (WSJ)
- U.S. Dot-Com Bubble Was Nothing Compared to Today’s China Prices (BBG)
- Rahm Emanuel Re-Elected as Mayor of Fiscally Ravaged Chicago (BBG)
- Oil falls on U.S. stock build, record Saudi output (Reuters)
- White South Carolina policeman charged with murdering black man (Reuters)
- German Factory Orders Drop for Second Month (BBG)
- A third of Republicans support Iran nuclear deal (Reuters)
In the same style as we have grown used to around the world, a major negotiation has ended with all sides claiming victory and no sides offering any actual solutions. Iran proclaims the talks have made "significant progress," yet Western diplomats are saying progress is "limited," only to be confused even more by Iran's Foreign Minister stating that "but still we have not agreed on the reviewed solutions." So in summing it all up, a press conference will be held shortly to explain that 'they agree on the outline of a plan which will pave the way for an agreement but aren't sure how much of the plan or hypothetical agreement they want to share'. New normal geopolitics... no deal is the new deal.
- Samaras Says He’d Join Alliance to Keep Greece in Euro (BBG)
- Tensions with Warren camp could loom over Clinton campaign (Reuters)
- Ackman Report on Herbalife in China Figures in Probe (WSJ)
- Al Shabaab storms Kenyan university, 14 reported killed (Reuters)
- Iraq’s Four-Mile Line of Supertankers Fuels Shipping-Rates Surge (BBG)
- Menendez's fate could sharpen Republicans' edge in Senate (Reuters)
- IRS Chief Chides Ted Cruz Over 'Abolish the IRS' Mantra (BBG)
- Yemen Houthi fighters backed by tanks reach central Aden (Reuters)
As the market anxiously await Janet Yellen's Humphrey-Hawkins testimony this morning, hanging on every word and intonation, ConvergEx's Nick Colas is reminded of Harry Truman’s famous request: “Give me a one-handed economist!” The U.S. central bank clearly feels challenged by the cross currents of the global economy even as it reiterates confidence in domestic growth prospects. In an effort to help clear things up, Colas brings some 21st century data to the Fed’s distinctly old-school toolset and looks at the historical popularity of 10 Google search terms with a decidedly economic twist. Bottom line: the Google data is clear. The Fed needs to wait a while longer before raising interest rates.