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Rep. Tlaib Rejects Israel’s New Offer To Visit West Bank

Rep. Rashida Tlaib, who was barred from entering Israel on Thursday, says she won’t accept the country’s new offer to allow her to visit her grandmother in the West Bank on humanitarian grounds. 

“Silencing me & treating me like a criminal is not what she wants for me. It would kill a piece of me. I have decided that visiting my grandmother under these oppressive conditions stands against everything I believe in — fighting against racism, oppression & injustice,” Tlaib said Friday on Twitter. 

In another Friday statement, Tlaib said “In my attempt to visit Palestine, I’ve experienced the same racist treatment that many Palestinian-Americans endure when encountering the Israeli government.” 

Israel on Friday said that Tlaib could visit her family under the condition that she not restate her support for a boycott of Israel during the visit – a condition laid out by Prime Minister Benjamin Netanyahu. 

U.S. Ambassador to Israel David Friedman called the trip, supposed to start this weekend, “nothing more than an effort to fuel the BDS engine,” referencing the “boycott, divestment and sanctions” movement against Israel over the country’s treatment of Palestinians, who Omar and Tlaib have voiced support for. The decision to block the visit reversed a previous announcement in July, from Israeli Ambassador to the U.S. Ron Dermer, that Israel would permit the women to enter out of respect for Congress. -Bloomberg

Tlaib rejected Netanyahu’s offer, saying that her family would not have wanted her to agree to Israel’s restrictive conditions and “bow down to their oppressive and racist policies.” 

“When I won, it gave the Palestinian people hope that someone will finally speak the truth about the inhumane conditions. I can’t allow the State of Israel to take away that light by humiliating me,” Tlaib said earlier Friday. 

via ZeroHedge News https://ift.tt/33DlKYq Tyler Durden

Historic Rate Repricing Is Crushing Those With Convexity/Gamma Exposure

On Thursday evening, we laid out a quick lesson in bond duration but especially convexity: the Austrian 100 Year bond, to wit.

And while this is of course great news for anyone who was long the Austrian century bond – or any other bond with extended duration – it is terrible news for those who were short rates, such as virtually everyone who listened to sellside research for most of 2018 and much of 2019.

It is this convexity exposure that is the topic of the latest note of Mizuho rates strategist Peter Chatwell who writes this morning that “Convexity repricing has increased the potential of € carry trades.”

Below we excerpt from his note.

The dramatic bullish repricing of global rates continued with vigor this week, with 30Y UST trading as low as 1.91% intraday. This is a massive repricing of duration, which we have been advocating since Q1 of this year, and the pace of the move has made an impact on those with convexity/gamma exposure. The classic convexity hedging trades have been evident all week – long-end swap spreads are tighter in most currencies and the 10s30s curves have accelerated their flattening.

The convexity repricing is a particularly strong indicator that this move has a fundamental basis behind it. Moreover, as equity markets have weakened this week, it is evident that markets are reflecting elevated global recession risks. The manufacturing sector in the US and Germany are likely to already be in recession and, with Germany’s Q2 GDP having printed at -0.1% QoQ, the weakness of soft data are now being confirmed by the hard data, allowing markets to price recession risks much higher. The 2s10s inversion of UST and UK Gilt curves has seen the recession fears enter mainstream news, allowing the market’s fears to begin to be transmitted to the real economy. This should hurt corporate investment and consumer sentiment in the coming quarters.

“We need a significant and impactful easing package in September” was the comment from ECB’s Olli Rehn which really got EGBs moving yesterday. It is more telling of how distressed rates markets have gotten, with the huge bull flattening/convexity move in recent weeks, that such a comment made such an impact. After all, global data have simply been awful, stock markets are very weak, Donald Trump and other global actors as volatile as ever. The market should feel much more confident in monetary easing from the ECB than is currently the case.

Indeed, our most recent Fair Value In Rates publication, “go long duration as currency war drags on easing impact“, is almost out of date given the recent downside surprises on the macro and geopolitical front. We had assumed a measured easing process from the ECB.

There is now a significant risk that, rather than the ECB delivering 2x10bp cuts (and restarting QE with a lag), the ECB delivers more aggressively. Part of the massive convexity move has been due to a reach for yield in recent weeks, as structural duration views have been slashed by investors, but if this move begins to slow down, then the carry trades should resurface, as they did briefly in yesterday’s session. We continue to hold a combination of long-duration, 10s30s flatteners, and bull-steepeners in 2s10s and 5s10s in the EUR rates portion of our model portfolio .

via ZeroHedge News https://ift.tt/2Z7TjP1 Tyler Durden

Consumer Confidence Crashes As Rate-Cut Triggered “Apprehensions About A Recession”

But, but, but… yesterday CNBC was telling us about how strong the consumer is and how bonds must be wrong.

UMich Consumer Sentiment collapsed in August (flash data) ,slumping to 92.1 from July’s 98.4, missing all forecasts in Bloomberg’s survey of economists. The gauge of current conditions decreased to 107.4 while the expectations index dropped to 82.3, bringing both readings to the lowest levels since early this year.

Current economic conditions are at their weakest since Trump was elected (Nov 2016).

And buying conditions crashed to cycle lows…

Consumers “strongly reacted” to the proposed increases in tariffs on Chinese goods, a subject that was spontaneously cited by 33% of those surveyed, near the recent peak of 37%, according to the report. Americans also concluded, following the Federal Reserve’s first interest-rate cut in a decade, that they may need to be more cautious about spending in anticipation of a potential recession, the report said. As UMich notes:

Consumers concluded, following the Fed’s lead, that they may need to reduce spending in anticipation of a potential recession.

Perhaps the most important remaining pillar of strength for consumer spending is favorable job and income prospects, although the August survey indicated some concerns about the future pace of income and job gains. It is likely that consumers will reduce their pace of spending while keeping the economy out of recession at least through mid 2020.

So, Powell’s rate-cut backfired beautifully.

via ZeroHedge News https://ift.tt/2z4ZI30 Tyler Durden

With Friends Like These It’s No Wonder Bonds Continue To Rally

Authored by Bryce Coward via Knowledge Leaders Capital blog,

How in the heck can the 30 year Treasury bond yield be trading at just 1.97%, an all-time low, when just 10 months ago it was up at 3.46% and “breaking out” to the upside? We were supposed to have a bond-pocalypse, after all, with yields never again coming close to the levels that prevailed back in 2016.  In reflecting on the answer, we are reminded of a quote from the cult classic film, The Big Lebowski:

Dude: With friends like these, huh, Gary?

Gary: That’s right, Dude.

Just replace the word, “friends” with “economic data” and the explanation for the rally in bonds makes sense. Contrary to what appears to consensus opinion, the economic data is in fact weak and set to get weaker. Take, for example, today’s releases of retail sales, industrial production and unemployment claims. All of them are lagging indicators and closely follow the ISM PMI data, which itself is coincident.

Based on the ISM, the “strong” retail sales number is actually behaving as expected and set to get weaker through year end. Furthermore, if we strip out “Prime Day”, the actual retail sales in July would have grown about half as much.

Industrial production, which was not affected by a one-off event, fell .2% MoM missing expectations for a gain of .1%. This behavior is completely in line with what we’d expect given ISM’s more leading measure of manufacturing production, and more downside should be expected.

Finally, there are the jobless claims. Here we focus specifically on continuing claims. The trend of lower continuing claims clearly ended in the 4th quarter of 2018, which makes sense since peak economic growth for the cycle occurred in the 2nd quarter of 2018. Continuing claims are now morphing into an uptrend and this lagging series is set to worsen for at least the next four months, according to the leading relationship the ISM PMI shares with this employment series.


Are bond investors crazy, or just not getting any help from their friends?

via ZeroHedge News https://ift.tt/2KNO7KV Tyler Durden

Mississippi ICE Raids Highlight Glaring Weakness With E-Verify, Immigration Restrictionists’ Favorite Big Government Program

Last week’s Immigration and Customs Enforcement (ICE) raids at food processing plants in Mississippi highlight a major failing of the federal government’s database program that’s meant to stop illegal immigrants from being hired.

That program, known as E-Verify, requires that employers run prospective employees’ personal information through databases maintained by the Social Security Administration and the Department of Homeland Security prior to hiring. In theory, a worker is allowed to take a job only after the database check verified his or her immigration status. The Center for Immigration Studies, a group that favors limiting immigration, has called the E-Verify system a “useful, massive data-base…to keep illegal aliens from being hired” and has criticized President Donald Trump for not doing more to expand the program’s use.

Mississippi was one of the first states to adopt the E-Verify program in 2011, and all employers in Mississippi are required to use it. But if E-Verify lived up to the hype, it should have made last week’s ICE raids in Mississippi an exercise in futility—rather than one of the largest immigration enforcement actions in recent history.

That’s pretty good evidence that E-Verify doesn’t work, writes Alex Nowrasteh, the director of immigration studies at the Cato Institute. Part of the problem is that illegal immigrant workers can pass off someone else’s documentation as their own, and there’s no way for the program to detect or prevent that low-level (and often voluntary) identify theft. Another problem is that employers are often in on the scam. Mississippi’s E-Verify compliance rates are among the lowest in the country.

That seems to be what happened at the Koch Foods plants in Mississippi. In a statement, the company said it uses the E-Verify system to check employees’ immigration status, but warrants obtained before the raids allege that the company “willfully and unlawfully” employed people who lacked the authorization to work in the United States.

“The cynical public choice-influenced economist in me thinks that E-Verify is popular among immigration restrictionist politicians because it doesn’t work but it makes the politician look like a tough enforcer,” Nowrasteh writes. “Thus, many will get the political benefits of being an immigration restrictionist without forcing their districts to pay a heavy economic cost.”

But like any good, obvious government failure, last week’s raids will likely produce calls for the E-Verify program to be used more, rather than scrapped. That has implications even for people who aren’t illegal immigrants. Anti-immigrant politics and the government programs born of them are inevitably turned against law-abiding American citizens too—as border “checkpoints” that are nowhere near the border and the years-long detentions of American citizens by immigration cops attest.

FREE MINDS

Smoke pot for research. The National Institute on Drug Abuse has announced plans to expand its marijuana research objectives beyond the health effects of smoking pot. In a notice published Wednesday, the federal agency says it is seeking funding for research into topics like the “initiation and continued use of marijuana for therapeutic purposes” and “how cannabis industry practices, including research on marketing, taxes, and prices, impact use and health outcomes.”

Marijuana Moment, a publication that tracks weed-related news, says the announcement is “one of the latest signs that the federal government is recognizing the reality of the marijuana legalization movement’s continued success.”

Expanding research into marijuana’s uses is good. Even better would be for the Drug Enforcement Administration to stop blocking efforts to grow pot for research purposes.

FREE MARKETS

America is in the middle of another housing boom, but the supply of housing has actually become less elastic in recent years, notes Alex Tabarrok at Marginal Revolution.

What’s that mean? Since the housing market bottomed out in 2012, house prices “have risen a little bit faster in this boom than in the 1996-2006 boom and they have risen much faster relative to income,” Tabarrok writes. But the number of new houses being built has not risen as rapidly—which means it’s not getting easier for people to afford new homes, even in the midst of a supposed “boom.”

“Housing supply remains especially constrained in the coastal cities by regulation and limited land capacity and those constraints are becoming more binding over time,” he concludes.

QUICK HITS

  • Having solved all the more important issues facing America, Donald Trump sets his eyes on acquiring Greenland.
  • Everyone has a price. America just hasn’t found Greenland’s yet:

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Mississippi ICE Raids Highlight Glaring Weakness With E-Verify, Immigration Restrictionists’ Favorite Big Government Program

Last week’s Immigration and Customs Enforcement (ICE) raids at food processing plants in Mississippi highlight a major failing of the federal government’s database program that’s meant to stop illegal immigrants from being hired.

That program, known as E-Verify, requires that employers run prospective employees’ personal information through databases maintained by the Social Security Administration and the Department of Homeland Security prior to hiring. In theory, a worker is allowed to take a job only after the database check verified his or her immigration status. The Center for Immigration Studies, a group that favors limiting immigration, has called the E-Verify system a “useful, massive data-base…to keep illegal aliens from being hired” and has criticized President Donald Trump for not doing more to expand the program’s use.

Mississippi was one of the first states to adopt the E-Verify program in 2011, and all employers in Mississippi are required to use it. But if E-Verify lived up to the hype, it should have made last week’s ICE raids in Mississippi an exercise in futility—rather than one of the largest immigration enforcement actions in recent history.

That’s pretty good evidence that E-Verify doesn’t work, writes Alex Nowrasteh, the director of immigration studies at the Cato Institute. Part of the problem is that illegal immigrant workers can pass off someone else’s documentation as their own, and there’s no way for the program to detect or prevent that low-level (and often voluntary) identify theft. Another problem is that employers are often in on the scam. Mississippi’s E-Verify compliance rates are among the lowest in the country.

That seems to be what happened at the Koch Foods plants in Mississippi. In a statement, the company said it uses the E-Verify system to check employees’ immigration status, but warrants obtained before the raids allege that the company “willfully and unlawfully” employed people who lacked the authorization to work in the United States.

“The cynical public choice-influenced economist in me thinks that E-Verify is popular among immigration restrictionist politicians because it doesn’t work but it makes the politician look like a tough enforcer,” Nowrasteh writes. “Thus, many will get the political benefits of being an immigration restrictionist without forcing their districts to pay a heavy economic cost.”

But like any good, obvious government failure, last week’s raids will likely produce calls for the E-Verify program to be used more, rather than scrapped. That has implications even for people who aren’t illegal immigrants. Anti-immigrant politics and the government programs born of them are inevitably turned against law-abiding American citizens too—as border “checkpoints” that are nowhere near the border and the years-long detentions of American citizens by immigration cops attest.

FREE MINDS

Smoke pot for research. The National Institute on Drug Abuse has announced plans to expand its marijuana research objectives beyond the health effects of smoking pot. In a notice published Wednesday, the federal agency says it is seeking funding for research into topics like the “initiation and continued use of marijuana for therapeutic purposes” and “how cannabis industry practices, including research on marketing, taxes, and prices, impact use and health outcomes.”

Marijuana Moment, a publication that tracks weed-related news, says the announcement is “one of the latest signs that the federal government is recognizing the reality of the marijuana legalization movement’s continued success.”

Expanding research into marijuana’s uses is good. Even better would be for the Drug Enforcement Administration to stop blocking efforts to grow pot for research purposes.

FREE MARKETS

America is in the middle of another housing boom, but the supply of housing has actually become less elastic in recent years, notes Alex Tabarrok at Marginal Revolution.

What’s that mean? Since the housing market bottomed out in 2012, house prices “have risen a little bit faster in this boom than in the 1996-2006 boom and they have risen much faster relative to income,” Tabarrok writes. But the number of new houses being built has not risen as rapidly—which means it’s not getting easier for people to afford new homes, even in the midst of a supposed “boom.”

“Housing supply remains especially constrained in the coastal cities by regulation and limited land capacity and those constraints are becoming more binding over time,” he concludes.

QUICK HITS

  • Having solved all the more important issues facing America, Donald Trump sets his eyes on acquiring Greenland.
  • Everyone has a price. America just hasn’t found Greenland’s yet:

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Epstein Reportedly Spent Time Alone With Attractive Young Woman In Private Prison Room

Shortly after being taken off of suicide watch, Epstein was spotted sitting in a room reserved for lawyers to meet with their clients at the Metropolitan Correctional Center, the jail where he died, accompanied by a young-looking woman who may have been one of his attorneys, or…maybe not.

Forbes’ source, a visiting attorney who asked not to be named because he didn’t want to cause problems with the prison, said the optics were “startling.”

“The optics were startling. Because she was young. And pretty,” the visiting attorney said. He speculated the woman could be a lawyer, but was unsure. It has been reported that Epstein paid lawyers just to sit with him in these meeting rooms for eight hours a day simply so he could avoid his cell.

Forbes’ source said the sighting took place on July 30, the day after Epstein was taken off suicide watch. During his time at the prison, the source said he didn’t see Reid Weingarten, or other named Epstein attorneys visit him.

“If I was him, I would have hired…an old bald guy,” the anonymous lawyer, who said the young woman was in the room with Epstein for at least two hours, added that these rooms are locked when prisoners go in, allowing them to remove their handcuffs. Handcuffs are put back on when the doors are unlocked and the parties move.

The lawyer also suggested that Epstein’s daily pow-wows with his attorneys was one reason why he was taken off suicide watch: In the SHU – special housing unit – there are only two conference rooms available for clients and their attorneys, and waiting for them often takes forever.

Epstein’s daily occupation of the room in the SHU was a sore point for attorneys trying to visit their clients. Instead of waiting 15 minutes for a room, the wait could stretch for two hours, as it was that day. “They wouldn’t move anybody until he got where he was going, which is what they used to do with El Chapo, too,” the visiting attorney said. There are 12 attorney visiting rooms at MCC, but only two are for attorneys visiting SHU clients. That means Epstein was monopolizing a scarce resource.

But judging by the description of the anonymous young woman seen sitting with Epstein, she seems a little…old…for his tastes.

As for Epstein’s companion, the visiting attorney noted that she didn’t seem to have any files with her. He speculated that she could have been a first-year associate, and that she was dressed casually. “It was slacks and a blouse…Could have been jeans or another kind of pants,”  he said. “But, like, Sunday brunch attire.”

The visiting attorney said the treatment reminded him of Epstein’s lifestyle in Florida when he served 13 months on a prostitution charge in a much-criticized plea deal with federal prosecutors. Then, Epstein would leave jail and go to his office on a work release program for  up to 12 hours a day, six days a week. “It sounded to me like a replay of the Florida thing where he got to go to the office … and sit around rather than sit in the cell,” he said.

It’s more likely that she was hired simply to babysit him during these sessions, since it’d be cheaper than paying a partner’s rate.

via ZeroHedge News https://ift.tt/2OZyDZB Tyler Durden

Schiff: Looming “Great Recession” Will Jeopardize Trump’s Re-Election Efforts

Authored by Mac Slavo via SHTFplan.com,

Economic analyst and gold bug Peter Schiff is warning that another “Great Recession” will grip the United States and that when it does, it is going to jeopardize President Donald Trump’s reelection efforts.

According to a report by Fox Business, Schiff, the CEO of Euro Pacific Capital says that the United States economy is heading into a free fall that will be worse than the Great Recession of 2008. The economic forecaster is predicting the Federal Reserve (the central bank) will cut interest rates to zero and launch quantitative easing, a monetary policy where the central bank purchases Treasuries from financial institutions to stimulate the economy.

“The dollar is going to go through the floor and it’s going to take the bond market with it and the next crisis, it’s not subprime mortgages, it’s going to be in the Treasury market,” he said on Wednesday.

“There’s no way out and it’s a political disaster for Trump because the recession is going to start before he finishes this term, which means he won’t have a second term” Schiff added.

This is not the first time Schiff has warned about Trump’s reelection chances.  The president’s best hope is that any recession holds off until after the 2020 election.

“It’s a bubble. Powell doesn’t seem to understand that. He seems to think the economy is doing OK. It’s not. The economy today is in worse shape than it was before it collapsed in 2008. The Fed inflated a much bigger bubble this time than it did last time. And yes, the longer we succeed in kicking the can down the road, the greater the imbalances grow as a result of this bubble, and the more painful it is when the air comes out. And that’s what’s going to happen. And what’s going to be so much worse about the coming recession is that it’s going to be inflationary. We’re going to have stagflation except it’s going to be a recession, not just stagnation, and the inflation rate is going to be far higher than it was the last time we had stagflation, which was in the 1970s.”

Schiff has been warning of a recession for a while now, and he has a gloomy outlook for the world’s future when it comes to the centralized planning and elimination of free trade and free societies. His warnings appear to be falling on deaf ears, however, as we still have people actually defending the trade war and tariffs which have been levied on the already cash-strapped American consumer.

Schiff’s comments come after the Dow Jones Industrial Average plummeted 800 points, marking the worst drop of the year and the fourth-largest daily point drop in history. The yield on the 10-year U.S. Treasury bond fell below the yield on the 2-year U.S. Treasury for the first time since the Great Recession, worsening global recession fears.

“As we move into this recession, consumer prices are going to rise even faster and once the dollar starts to fall that’s going to push consumer prices up even more,” he said saying we will see major inflation and a complete devaluation of the dollar.

Unfortunately, the risks of another recession continue to rise and some analysts say there’s nothing the government or the Fed can do to stop it this time. Especially considering both the government and the Fed are to blame for every recession in history.

“You have a little bit of panic going on here about the state of the economy and the bond market is reflecting that,” said Richard Bernstein, founder of investment firm RBAdvisors.

“The bond market is telling you that growth is slowing and the economy may be a lot sicker than people believe.”

via ZeroHedge News https://ift.tt/2Z6SSsl Tyler Durden

Despite Record Low Rates, Housing Starts Plunge Amid Rental Unit Crash

Despite the hype of tumbling interest rates and rising mortgage applications, housing starts tumbled again in May, dropping a whopping 4.0% MoM in July to 1.191MM, the biggest drop and the lowest print since February, drastically missing expectations for a 0.2% rise as a result of a 17.2% crash in multi-family units. The silver lining: permits jumped by a much better than expected 8.4% MoM, rising to 1.336MM from 1.232MM, keeping the series roughly flat for the past three years.

Continuing a trend observed in recent months, the weakness in starts was largely due to multi-family units, which plunged from 366K to 303K annualized, a whopping 17.2% drop to the lowest level since August 2017, even as single family units remained relatively flat, and rose 1.3% in July.

On the other end, and in a mirror image to the permits picture, the better than expected print for permits, at 1.336MM, above the 1.270MM expected, was thanks to a massive spike in multi-family, or rental units, which surged by 24.8%, even as single-family permits were also barely changed at 1.8%.

The bottom line: not exactly a picture of health for the future of millennial homeownership as rental nation remains front and center, despite record low interest rates.

via ZeroHedge News https://ift.tt/2YOKJJE Tyler Durden

Medical patient falls off the examination table, sues his physician. . .

Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week.

New Zealand officially legalizes paying employees with crypto-currency 

New Zealand issued a tax bulletin this month officially recognizing that it is legal for employers to pay employees with crypto-currencies like Bitcoin.

The crypto-currencies just have to be able to be converted into fiat currency… which is typically the case with every major crypto.

This is another step towards working crypto-currencies into the system, instead of killing their adoption due to ambiguity about legal issues.

Click here for the full story.

Finally a judge rules sensibly in a Civil Asset Forfeiture case

Governments routinely seize people’s assets without any trial or due process. It’s called Civil Asset Forfeiture… and there are very few rules limiting their authority.

We’ve written about this a LOT over the years– police and various government agencies confiscating property like cash, cars, even houses, simply because they -suspect- someone of committing a crime.

Often the property’s owner is never even charged with a crime. The whole matter is dropped. But the government still keeps their stuff… and then an innocent civilian has to spend a boatload of money on lawyers to get their assets back.

In March 2017, Alabama police pulled a man over for a minor traffic violation and discovered that he had $52,000 of physical cash on him.

Bear in mind– having cash is NOT a crime. But the cops seized every penny of it.

They had no suspicion that the man was a criminal, or any evidence of any wrongdoing. They just took the money… yet did not file any charges.

The police even admitted in testimony that there was absolutely zero evidence that the driver had committed a crime.

Seriously, how is this not THEFT?

But finally, after a TWO YEAR legal battle, an Alabama state court sided with the driver.

This will hopefully set a minimum standard for the police: you can’t just steal from people… there has to be at least some evidence of a crime.

Click here for the full story.

Man denied firearm due to 72-hour involuntary hospital stay

Many states have already enacted “red flag laws” targeting firearms owners. These allow the courts to confiscate guns from anyone deemed mentally ill by a judge.

What you may not know is the federal government already claims the power to deny gun ownership to anyone “adjudicated mentally ill or committed to a mental institution.”

So a man who was briefly and INVOLUNTARILY treated at a mental health clinic in 2003 for less than 72 hours was denied by the background check system when he tried to purchase a firearm 15 years later.

He sued, alleging his due process rights were violated. And the courts just agreed that his brief hospitalization did not meet the standard to take his Second Amendment right to bear arms.

Simultaneously, however, the courts still said that had the man been involuntarily committed with a judge’s order, he could have been stripped of his rights.

So if, back in 2003, the judge had ruled he should be committed for even a single day, the man would have lost his rights to own a firearm forever.

This is starting to set a very clear legal precedent for how Red Flag laws can be applied.

Click here for the full story.

Medical patient falls off table, sues his physician…

An elderly patient was sitting on the examination table in his doctor’s office.

Then when his physician left the room, the man fell off the table.

So the the patient is suing his doctor, alleging negligence for leaving him alone on a table without a railing.

Apparently now in the Sue-nited States of America, you can’t even be expected to sit on a table by yourself anymore. That’s simply too much responsibility.

Just another example of why you might want to have some assets protected.

Click here for the full story.

Injured cop can sue random Black Lives Matter activist

At a 2016 Black Lives Matter protest, a local police officer was attacked with a brick.

The officer was injured, and, to this day, they never found the assailant.

So instead the officer is suing a prominent Black Lives Matter organizer.

It’s obvious that assault and violence are wrong. But it’s also obvious that the organizer was clearly NOT the person who threw the brick.

Yet now this activist has to go to court to defend himself because of someone else’s actions.

Click here for the full story.

Source

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