White House

Iran Releases Captured US Sailors After Questioning, Apology

“Following technical and operational investigations and in interaction with relevant political and national security bodies of the country and after it became clear that the US combat vessels’ illegal entry into the Islamic Republic of Iran’s waters was the result of an unpurpuseful [sic] action and a mistake and after they extended an apology, the decision was made to release them."

President Obama's Final State Of The Union Address - Live Feed

As President Obama prepares to unleash his final State Of The Union speech, The White House has conveniently focused attention on the following six "success stories": The Economy (record low number of men in workforce), The Climate (too hot for retail, too cold for construction), Foreign Policy (bwuahahaha), Health Care (record number of Americans cutting back to afford medical costs), and Social Progress (record high racial tensions, police state, surveillance state,  and record low trust in government). But apart from that, Americans have The Kardashians, iGadgets, record levels of syphillis, and, of course, a record surge in national debt during any President's "reign."

What Bernie And The Donald Portend

Three weeks out from the Iowa caucuses, and clarity emerges. Hillary Clinton, the likely Democratic nominee, is in trouble. But if a cloud is forming over the Clinton campaign, the sun continues to shine on The Donald. What does the surge for socialist Sanders and the Republican base’s backing of the outsiders Trump and Cruz and collective recoil from the Republican establishment candidates tell us? As Dylan sang, "The times they are a changing."

Futures Jump After Oil Rebounds From 11 Year Low On Turkish Terrorist Attack

With China now "murdering" Yuan shorts, markets are content that the Chinese debacle seems to be contained if only for a while, and so the attention of both traders and algos alike has focused on oil, which earlier in the session dragged global equities lower as it dropped by 3%, just shy of the $30 level, a new 11 year low, before staging another dramatic rebound in minutes, wiping out all losses in the aftermath of what appears to have been a deadly suicide bomber terrorist explosion on a square the middle of Istanbul's historic district.

The State Of The Nation: A Dictatorship Without Tears

The state of our nation under Obama has become more bureaucratic, more debt-ridden, more violent, more militarized, more fascist, more lawless, more invasive, more corrupt, more untrustworthy, more mired in war, and more unresponsive to the wishes and needs of the electorate. Most of all, the government, already diabolical and manipulative to the nth degree, has mastered the art of "do what I say and not what I do" hypocrisy.

The (Uncensored) 2016 State Of The Union

While the President will do his best to put a positive spin on the current economic environment, and the success of his policies, when he gives his “State of the Union” address, it would be worth remembering whom he is actually addressing. It is also worth considering that much of this is likely the reason that Donald Trump is surging in Conservative polling. As with all things – it is the lens from which you view the world that defines what you see. For Wall Street, things could not be better. For Main Street, most everything could be better. The President has a lot of “convincing” to do if he expects to change voter’s attitudes between now and the 2016 Presidential election.

Caught On Tape: Iran Conducts Live-Fire Rocket Drill Next To US Carrier

Late last month, amid heightened tensions between Washington and Tehran, Iran conducted a live-fire exercise in the Strait of Hormuz in close proximity to the USS Harry Truman, one of Ash Carter’s fleet of aircraft carriers. On Saturday, the US released a video of the incident.

Frontrunning: January 7

  • China turmoil sends oil, stocks sliding (Reuters)
  • China's Stock Traders Go Home After 29 Minutes (BBG)
  • Yuan hits weakest since Feb 2011 on fresh low midpoint (Reuters)
  • Stocks Extend Rout, Oil Slides on China as Soros Warns of Crisis (BBG)
  • China's 29 Minutes of Chaos: Stunned Brokers and a Race to Sell (BBG)
  • North Korea Uses Bomb Test to Boost Dictatorship (WSJ)

TransCanada Sues Obama Administration; Says Keystone Pipeline Rejection Was Unconstitutional

Obama's Keystone pipeline rejection "mission accomplished" banner has just led to a big slap on the face of the former constitutional expert, and could carry a multi-billion dollar chage after late this afternoon, TransCanada filed a lawsuit in Federal court in Houston, suing the U.S. government and claiming the Obama acted unconstitutionally when he rejected the Keystone XL, while also seeking $15 billion alleging the pipeline denial was "arbitrary and unjustified."

Paul Craig Roberts: The Rule Of Law No Longer Exists In Western Civilization

American justice is a joke. It does not exist. The USA is a lawless country. By that we do not mean what conservative Republicans mean, which is, if we understand them, that racial minorities violate law with something close to impunity. What we mean is that only the mega-banks and the One Percent have legal protection, and that is because these people control the government. For everyone else law is a weapon in the hands of the government to be used against the American people.

Is The US Criminalizing Free-Speech?

Eighty-two leading Democrats have cosponsored a House Resolution (H.Res. 569) "Condemning violence, bigotry, and hateful rhetoric towards Muslims in the United States". As of now, H.Res. 569 has been referred to the House Committee on the Judiciary. Americans had better hope that the House Committee will see it for what it is: An attempt to destroy the First Amendment, shield Islam from criticism, and bring "Death to Free Speech."