Tribune

The Global Plague Of Terrorism

Ask Muslims about the roots of terrorism and they’re quick to point the fingers at the USA or Israel. They’re not thinking. They’re not thinking inwardly. The plague of terrorism is homemade, not foreign. The western countries however prop up the Muslim perpetrators with bribes and political protection so that they can extract economic benefits from the mayhem. Why not exploit the homegrown situation?

Who Gave Us Justice Ginsburg?

The federal code of judicial conduct for U.S. judges states that a “judge should not... publicly endorse a candidate for public office.” But does not Ginsburg’s relentless trashing of Trump constitute a political attack on him, to help his opponent Hillary Clinton? Ginsburg “should resign from the Court before she does the reputation of the judiciary more harm,” says the Journal. There is a precedent...

Frontrunning: July 11

  • Global stocks rise as markets anticipate stimulus (Reuters)
  • Global Stocks Buoyed by Rally in Japan (WSJ)
  • Andrea Leadsom Pulls Out of Conservative Party Leadership Race (WSJ)
  • More protesters arrested, police say Dallas sniper plotted bigger assault (Reuters)
  • Voters Add to Election Turmoil by Threatening to Jump Party Lines (WSJ)

"The World Is A Violent, Terrible, Scary Place" - LGBT Gun Group Memberships Spike After Orlando Shooting

"As awful as Orlando is, I feel like this is a huge-eye opener for a lot of people that the world is not a perfect place, especially for a group that's at risk for this kind of violence. Security should be armed at all gay nightclubs, and all employees should run through a defensive shooting course once a year. When you think about supremacist groups, a gay bar is an easy target. And the shooter knew that. It was like shooting fish in a barrel."

U.N. Official 'Accidentally' Crushes Own Throat Right Before Testifying Against Hillary Clinton

John Ashe, a former President of the United Nations General Assembly, was found dead Wednesday just a few days before being set to testify against Clinton in a corruption case. While the U.N. claimed that he had died from a heart attack, local police officers in Dobbs Ferry, New York, later disputed that claim, saying instead that he died from a workout accident that crushed his throat.

Chicago Is Pushing For A Massive Bailout Of Its Public School System

Perhaps riding high on the small victory of a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, Rahm Emanuel is now quietly asking the city to change investment rules that would allow Chicago to purchase debt from sister agencies such as the Chicago Public School system - said differently, Rahm Emanuel wants to bail out the Chicago Public School system.

Futures Levitate To Session Highs As ECB Enters The Bond Market; Crude Hits $51

In an overnight session dominated by the latest political developments out of the US where Hillary Clinton officially claimed the democratic nomination, the financial newsflow focused on China's trade data, where exports fell 4.1% from a year earlier, in line with expectations, but imports dropped 0.4% from a year earlier, the smallest decline since they turned negative in November 2014, driven entire by soaring "imports" from Hong Kong - aka capital outflows - which soared by 243% y/y.  The other main news was the official launch of the ECB's corporate bond buying, which helped drive government bonds yields in German to new record lows, and the average yields on investment-grade corporate debt below 1%.

Venezuelan Woman Shot In The Face After 500 Looters Storm Food Warehouse

A Venezuelan woman died on Monday after being shot in the face when looters raided state food warehouses in the latest unrest in Venezuela. When security forces chased some of the crowd after they broke in, "they jumped down a bank to protect themselves, and a policeman who was pursuing them shot her. They shot her in the face."

Frontrunning: June 3

  • World stocks edge toward one-month high; U.S. jobs data eyed for Fed clues (Reuters)
  • Commodities Stand on Brink of Bull Market After Oil’s Recovery (BBG)
  • Brent crude oil holds above $50 on signs of rebalance (Reuters)
  • Clinton attacks Trump's foreign policy as a threat to U.S. safety (Reuters)
  • Trump strikes back at Clinton's 'phony' speech (Hill)
  • "We want food!', Venezuelans cry at protest near presidency (Reuters)

Chicago Suffers Deadliest May In 21 Years

A seemingly delusional Chicago police superintendent told reporters that "we've seen a steady downtrend in violence since the beginning of the year. It's not success, but it is some progress, and it does give us room for encouragement." Johnson skirted the fact that Chicago ranks as one of the strictest gun control cities in the nation, and instead directed blame to weak gun laws in neighboring states, an endemic gang culture that ensnares children at younger ages, and a "broken and overwhelmed" judicial system that releases violent offenders too soon. Anything other than the dismal economy of course.

Largest US Health Insurer Exits California, Illinois Obamacare Markets

Earlier today, UnitedHealthcare continued sounding the deathknell for Obamacare , when it first announced that it would stop offering Affordable Care Act plans in Illinois in 2017 followed promptly by news the company was also abandoning California at the end of the year as well.

Over 40 Shot As Violence Erupts In Chicago During Memorial Day Weekend

Less than a week ago, after reporting that shootings in Chicago were up an astonishing 50% from the same time in 2015, Chicago's police superintendent Eddie Johnson proclaimed "as we look toward the summer months, violence will not be tolerated." Johnson didn't give any further details around what the plan was actually going to be to stem the violence other than volunteers would be asked to work overtime during the Memorial Day Weekend. Sadly, as the Chicago Tribune reports, whatever plan Johnson had didn't work and violence in Chicago has erupted once again. So far this Memorial Day weekend, there have been 40 people shot (4 killed, 36 wounded)