“That’s Racism!” – ‘Ebony’ Editor Believes Killing White People Is Not A “Hate Crime”

Judging by Ebony Editor Jamilah Lemieux's perspective, "hate crimes" are reserved for minority groups and in her words "not the most comfortable word choice" for the 'hate crime' that Micah Johnson unleashed on numerous white Dallas police officers last week. As Mediaite.com details, Lemieux, speaking on CNN yesterday, disagreed with President Obama's description of the mass murder of white people as a "hate crime."

“There’s so much that we do not know about what took place, what motivated this person. We only have the one account of law enforcement,” Lemieux said.

 

"…when we use a phrase like 'hate crime', we're typically referring to crimes against people of color, people of various religious groups, LGBT people, people who have been historically attacked, abused or disenfranchised on the basis of their identity.

 

To now extend that to the majority group and a group of people that have a history with African-Americans that has been abusive – either police officers or to Caucasians – I think gets into very tricky territory."

CNN contributor and former FBI agent Steve Moore wasn’t buying that argument…

“You can’t just say that only certain groups are allowed to be hated, only certain groups can have crimes designated as hate crimes against them,” he replied.

 

“That’s racism.”

View the conversation below (but perhaps put down any sharp objects first)…

Put it differently – don't repress our domination of the 'hated and repressed' whinefest…"if you're white, nobody can commit a hate crime against you"

via http://ift.tt/2a11bgQ Tyler Durden

You Know It’s Bad In Peripheral Europe When…

For the first time since 2014, Portuguese sovereign credit risk has deteriorated to worse levels than its former Zika-infested, corruption-covered colony Brazil.

 

As Bloomberg notes,

Investors are betting Acting President Michel Temer will be able to pull the South American country out of its worst recession in a century, while Portugal’s outlook has worsened amid concern growth in Europe will slow.

 

“The local interim government seems to be headed in the right direction,” said Alvaro Bandeira, the chief economist at brokerage Modalmais in Rio de Janeiro.

Visualized…

via http://ift.tt/29zssTg Tyler Durden

Putin Claims Biggest Diplomatic Victory In Syria Conflict Yet, As Kerry Arrives In Moscow To “Seek Cooperation”

In the latest confirmation that ISIS is slowly but surely losing the land war against a joint front of US-coalition, Russian and Syrian army forces, overnight ISIS confirmed that Abu Omar al-Shishani, also known as Omar the Chechen, who the Pentagon described as Islamic State’s “minister of war”, was killed in combat in the Iraqi city of Shirqat, south of Mosul.

Shishani ranked among America’s most wanted militants under a U.S. program that offered up to $5 million for information to help remove him from the battlefield. Born in 1986 in Georgia, then still part of the Soviet Union, Shishani had a reputation as a close military adviser to Islamic State leader Abu Bakr al-Baghdadi, who was said by followers to have relied heavily on him.

Shishani once fought in military operations as a rebel in Chechnya before joining Georgia’s military in 2006 and fighting against Russian troops before being discharged two years later for medical reasons, according to U.S. officials. He was arrested in 2010 for weapons possession and spent more than a year in jail, before leaving Georgia in 2012 for Istanbul and later Syria.

He decided to join Islamic State the following year and pledged his allegiance to Baghdadi. The State Department said Shishani was identified as Islamic State’s military commander in a video distributed by the group in 2014.

As often happens with such events, this is the second time the death of the ISIS militant has been reported. Back in March, the Pentagon said that Shishani had likely been killed in a U.S. air strike in Syria, but this was the first time the group appeared to confirm his death. 

Islamic State supporters exchanged notes of praise and condolence on social media, including pictures of the ginger-bearded fighter, and pledged to launch a fresh offensive in his honor.

According to Reuters, Hisham al-Hashimi, a Baghdad-based security expert who advises the Iraqi government, said a source in Shirqat confirmed Shishani had been killed there along with several other militants.

Iraqi forces are advancing towards Mosul, the largest city still under the control of Islamic State. They have mostly surrounded Shirqat, 250 km (160 miles) north of Baghdad, and last week retook a major air base from the militants to use in the main push on Mosul, 60 km further north.

The commander of the U.S.-led coalition battling Islamic State, U.S. Army Lieutenant General Sean MacFarland, expressed confidence in the intelligence that led to the recent strike on Shishani in the Tigris River valley where Shirqat is located, but declined on Thursday to declare him dead. “We’re being a little conservative in calling the ball on whether or not he’s actually dead or not. But we certainly gave it our best shot,” MacFarland told reporters in Baghdad, joking that Shishani might be the “Rasputin of this conflict.”

“(IS) lost something important: the charisma that he had to inspire and seduce Salafists from Chechnya, the Caucasus and Azerbaijan – the former Soviet republics,” Hashimi said.

Asked about the potential impact, MacFarland said it could disrupt Islamic State operations if Shishani were indeed dead. “They would have to figure out who’s going to pick up his portfolio,” he said.

“We’re being a little conservative in calling the ball on whether or not he’s actually dead or not. But we certainly gave it our best shot,” MacFarland told reporters in Baghdad, joking that Shishani might be the “Rasputin of this conflict.”

* * *

Rasputin may be dead, but the war against ISIS goes on.

And in an unexpected twist, John Kerry arrives Moscow today to seek closer Russian cooperation in the war against Islamic State in Syria, in what some have dubbed a dramatic shift in US military objectives on the ground, and what to most is seen as the clearest diplomatic victory by Putin in the escalating “new cold war” with the west yet.

Kerry’s trip, which State Department officials say is his second to the Russian capital this year takes place as U.S.-Russian relations have worsened with tit-for-tat diplomatic expulsions, escalating aggressive Russian maneuvers toward U.S. aircraft and vessels and vice versa, and a disregard for a cessation of hostilities in Syria, where Russia has bombed U.S.-backed rebels. Relations between Moscow and Washington also remain strained over the Ukraine crisis and what the Kremlin considers NATO’s unjustified activities along its borders, raising fears that disagreements could escalate into confrontations, either accidental in Syria or the result of miscalculations in the air and naval encounters from the Baltics to the Black Sea.

According to the WaPo, the Obama administration’s new proposal to Russia “would open the way for deep cooperation between U.S. and Russian military and intelligence agencies and coordinated air attacks by American and Russian planes on Syrian rebels deemed to be terrorists, according to the text of the proposal I obtained.

The Obama administration is proposing joining with Russia in a ramped-up bombing campaign against Jabhat al-Nusra, al-Qaeda’s Syria branch, which is also known as the Nusrah Front. What hasn’t been previously reported is that the United States is suggesting a new military command-and-control headquarters to coordinate the air campaign that would house U.S. and Russian military officers, intelligence officials and subject-matter experts.

As WaPo adds, “the proposal would dramatically shift the United States’ Syria policy by directing more American military power against Jabhat al-Nusra, which unlike the Islamic State is focused on fighting the regime of Syrian President Bashar al-Assad. While this would expand the U.S. counterterrorism mission in Syria, it would also be a boon for the Assad regime, which could see the forces it is fighting dramatically weakened. The plan also represents a big change in U.S.-Russia policy. It would give Russian President Vladi­mir Putin something he has long wanted: closer military relations with the United States and a thawing of his international isolation. That’s why the Pentagon was initially opposed to the plan.”

Still despite what may be the biggest symbolic victory for Putin since the start of the Syria conflict, it’s not clear that the plan will be accepted by Putin. “Administration officials caution that no final decisions have been made and that no formal agreement has been reached between the two countries. Negotiations over the text are ongoing ahead of Kerry’s arrival in Russia.”

“The participants, through the JIG, should enable coordination between the participants for military operations against” Jabhat al-Nusra, the document states. First, the United States and Russia would share intelligence. Then, if both governments agreed, “the participants should coordinate procedures to permit integrated operations.”

 

The initial mission would include the United States and Russia developing Jabhat al-Nusra and Islamic State targets together and then deciding which air force would fly which missions. Later, if both governments agreed, the two air forces could begin “integrated operations” that include assisting each other in the fight.

 

In exchange for U.S. assistance against Jabhat al-Nusra, the Russian side would be required to limit airstrikes to targets both sides agreed on and also to ensure that the Syrian air force would stand down and not bomb targets in agreed-upon “designated areas.”

Meanwhile, many US-based diplomats are furious at this unexpected olive branch: “It isn’t clear why the secretary of state thinks he can enlist the Russians to support the administration’s goals in Syria,” said one U.S. intelligence official quoted by Reuters. Other U.S. intelligence officers are incensed by the administration’s continued overtures to Russia, in part because they say the Russians knew that two rebel camps they bombed this week were far from any Islamic State fighters and housed U.S.-backed rebels or their families.

But the biggest concession by the US would be the admission that Assad can remain in power. Recall that the entire Syrian war, and the creation of ISIS in the first place, were a pretext to overthrow the Syrian president. However, nobody in the US predicted the stern Russian response, which has preserved Assad’s power for the past three years.

“The Russians want a settlement that would keep (Syrian President Bashar al-Assad or some replacement acceptable to them in power,” said a defense official, who like others who discussed the schism in the administration agreed to do so only on condition of anonymity.

“The president has said that Assad has got to go, and our allies, especially the Saudis, hold that view very strongly. In fact, they keep asking us why we’re cozying up to Moscow.”Assad said in an interview broadcast on Thursday that Russian President Vladimir Putin has never talked to him about leaving power, despite pressure from Washington for Assad to step down.

Finally, the biggest question is just why did the US expend so much military power and resources over a mission that has led to a dead-end.

“I think quite frankly (Kerry’s) visit is a microcosm of the confusion about U.S. policy towards Russia,” said Heather Conley, director of the Europe Program at the Center for Strategic and International Studies think tank in Washington. “It’s a lot of political capital to send the secretary of state if you don’t have a clear objective of what you want to accomplish,” she told Reuters.

Actually, scratch that: we know why. As Reuters also reportted yesterday, “U.S. arms sales approvals on track to reach nearly $40 billion.” And that makes all the death and suffering worth it.

via http://ift.tt/2acHr6w Tyler Durden

Singapore Market “Glitch” Sends Stocks Soaring

It appears ‘officials’ in Singapore have discovered what US officials know very well. The best way to stop selling pressure is to stop trading and so, as FinExtra reports, with STI beginning to weaken to the day’s lows, a “technical glitch” ended trading on The Singapore Stock Exchange at 1138am local time for the rest of the day. You’ll never guess what happened next!!

Panic-buying in futures!!

This is not the first time…

The lock-out of South East Asia’s largest stock market spoiled the one-year anniversary celebrations of chief executive Loh Boon Chye, who had promised that trading would restart at 2pm and then 4pm before admitting defeat.

The Exchange said that the malfunction was caused by duplicated trade confirmation messages, halting trading in blue chip stocks.

In the last of a series of terse message on the SGX wesbite, the bourse states: “SGX informs that the securities market will not resume trading at 1600 hours and will not re-open today.”

 

No further explanations or reassurances about the prospect for a restart have been divulged.

 

In June last year, the Exchange was forced to spend S$20 million upgrading its technology and freeze its fees after being reprimanded by the city state’s regulator over two outages in the space of a month.

 

In November the bourse was hit by a power failure that stopped stock and derivatives trading. Just a month later a software error saw the opening of trading delayed by more than three hours.

And given the success today, it won’t be the last.

via http://ift.tt/29Hbbtm Tyler Durden

How the War on Drugs Fails Black Communities: New at Reason

BLMAs recent events have demonstrated, more than 50 years after much-delayed civil rights legislation was passed by Congress and signed into law, very different views on the persistence of racism still exist in America. According to the Pew Research Center, 38 percent of whites believe that “our country has made the changes needed to give blacks equal rights with whites,” but just 8 percent of blacks agree.

Here’s something that all Americans should agree on: Many policies have a disproportionately negative effect on black families—and, by extension, on all of us. The most insidious of them all, however, may be the war on drugs, writes Veronique de Rugy.

View this article.

from Hit & Run http://ift.tt/29AXdqc
via IFTTT

Supreme Court Justice Ginsburg “Regrets” Her “Ill-Advised” Bashing Of Donald Trump

Facing a firestorm of criticism from both the left for her repeated bashing earlier this week, according to which Trump is a “faker” and that she would move to New Zealand if the Donald is elected president, moments ago Supreme Court Justice Ruth Bader Ginsburg told CNN that she “regrets” her “ill-advised” comments regarding the Trump candidacy.

According to the AP, Supreme Court Justice Ruth Bader Ginsburg says she regrets her “ill-advised” public criticism of Donald Trump. Ginsburg says in a statement issued by the court on Thursday that judges should avoid commenting on a candidate for public office. She promises to be more circumspect in the future.

Ginsburg told The Associated Press last week that she did not want to think about the prospect of Trump winning the presidency. She escalated her criticism in subsequent media interviews.

 

She herself came under attack for her comments in recent days, leading to Thursday’s statement.

In a statement issued by the court Thursday, she said that judges “should avoid commenting on a candidate for public office.”

Of course, the damage has already been done and the deep political bias within the supposedly “impartial” US Supreme Court have been exposed for the entire nation to see.

via http://ift.tt/29AV7Xp Tyler Durden

Bank of England Holds Off On Additional QE, But For How Long?

 

 

 

 

 

Bank of England Holds Off On Additional QE, But For How Long?


Written by Nathan McDonald (CLICK FOR ORIGINAL)
 

 

 

The markets are disappointed. It was expected that the Bank of England would usher in a new wave of Quantitative Easing (QE) at its most recent meeting, yet this was not the case. Mark Carney has surprised many investors, sticking to the data and stating that no significant impact can yet
be seen from the recent successful Brexit vote.

 

The fact is that the market is simply overreacting. The UK was and is going to remain one of the largest economies in the world. This economic powerhouse, although currently facing extreme uncertainty, is not going to disappear overnight.

 

Despite the jawboning from EU officials, and fearmongering from the bitter who lost in the recent referendum, countries are going to continue to trade with the UK and are going to continue to want British pounds.

 

The pound, although a fiat currency, deserves to go to zero just like all other fiat currencies. But it has not deserved the beating it has taken when compared to all other fiat currencies in the world.

 

Granted, if you were one of the wise, who had the foresight to move a portion of your wealth into precious metals ahead of time, then you would have seen stunning gains in the recent weeks, rapidly increasing your wealth.

 

Although there is not to be any QE at the moment, fear not! The Bank of England has not ruled out delving once more into this dangerous pus-ridden pool. They have openly stated that a QE package may be announced early next month if data indicates that the British economy is beginning to ACTUALLY tank, proving the current speculation correct.

 

If this does occur, then they have said they have a number of options to use. These include, but are not limited to, rate cuts, bond re-purchasing, extending purchases to corporate debt, and boosting the supply of credit to households and businesses via ultra-cheap credit.

 

For those of you that were hoping that the BOE had turned over a new leaf and was going to do what was right, sorry to tell you – you were wrong. More of the same is to come, especially since they are already preparing for this scenario and expect it to play out.

 

For now, there is no additional QE, but you can bet that it is coming as soon as they have the slightest excuse to do so. Therefore, expect both gold and silver to continue to rise higher and higher. This renewed bull market is far from over.

 

 

Please email with any questions about this article or precious metals HERE

 

 

 

 

 

Bank of England Holds Off On Additional QE, But For How Long?


Written by Nathan McDonald (CLICK FOR ORIGINAL)
 

via http://ift.tt/29zeiBM Sprott Money

BOE “Disappointment” Leads To VIX Flash Crash

It appears the machines were not expecting Mark Carney to disappoint this morning. When the Bank of England decision hit at 7amET, US equities instantly tumbled but VIX flash-crashed to almost an 11 handle, before reversing almost instantly back above 13.

 

Having run all the stops lower, it appears the machines have run out of VIX stomping ammo as stocks roll over at the open.

via http://ift.tt/29zeLnF Tyler Durden

“We Shouldn’t Be At New All Time Highs” – Even Larry Fink Doesn’t Get It

Shortly after Blackrock announced results this morning, which beat deeply discounted expectations (BLK reported EPS of $4.78, above the $4.77 consensus, even though expectations were higher than the reported earnings just one week ago even as revenues declined 3.5% Y/Y), the CEO of the world’s largest asset manager, Larry Fink, appeared on CNBC to give his opinion on the US equity market. However, instead of cheerleading the recent torrid rally, Fink said the stock market should not be trading at record highs because the data on fund flows don’t support the moves.

“I don’t think we have enough evidence to justify these levels in the equity market at this moment,” Fink said Thursday on CNBC’s “Squawk Box.” This is something we showed recently when we showed the unprecedented outflows from equity funds, wondering who is buying.

Fink then confirmed that the buying scramble has little to do with an inflow of new money, and is mostly the result of the record short squeeze which we highlighted several days ago.

 

According to Fink, the recent rally has been supported by institutional investors covering shorts. “Since Brexit, we’ve seen ETF flows almost at record levels … $18 billion of inflows,” Fink said. “However, in the mutual fund area, we’re continuing to see outflows.”

What that tells you is retail investors are pulling out, he said. “You’re seeing institutions who were short going into Brexit … all now rushing in to recalibrate their portfolios.”

Another curious fund flow: the ongoing rush into dividend plays. Fink said he’s been seeing huge inflows in fixed-income products. “So you’re seeing a risk-off trade, as we call it, around the world.

Fink also confirmed what we showed two days ago, namely that the true force behind the recent surge is a familiar one: central banks.

Fink said extraordinary central bank asset purchases has been inflating stocks prices. “I don’t think we should be at new [stock] highs,” he said. “All the stock repurchases, you’re seeing this reduction in investable assets.”

HIs summary:

“We are seeing investors worldwide pausing, we are seeing quite a large sum of money being pulled out of equities over the last year. And yet we are at record highs. That’s just a sign of how much money is being taken out by central banks in their bond purchases, and stock repurchases from companies.”

We showed this on Tuesday as follows: 

But while Fink is skeptical about the market at these prices, he noted that there’s not enough information to say whether the stock market is overvalued at these levels. Earnings season will be key to answering that question, he added. “If corporate earnings are going up, then it may validate these [market] prices.”

“If we don’t see better-than-anticipated corporate earnings I think the rally will be shortlived,” he added.

Considering that on a GAAP basis, the S&P500 is currently generating about 90 in earnings, or equivalent to a 24x P/E multiple, it is hard to see how one can justify the move “fundamentally.”

via http://ift.tt/29xPZId Tyler Durden