Massive Pipeline Explosion Near Milford, Texas; Entire Town Being Evacuated – Live Choppercam

Every day in the New Normal, it is either a mass shooting or an explosion in some pipeline or crude-carrying train. Moments ago, a pipeline in Texas exploded in a massive fireball and has prompted the evacuation of the nearby town of Milford.

From Breaking911:

Smoke and flames are visible for miles. There is a fear that an additional pipe may explode. Nearby schools have all been evacuated as well. NUmerous rescue teams responding; unknown if there are any injuries at this time.

 

UPDATE 11:30AM EST: According to county officials, a 10-inch pipeline east of U.S. Highway 77 and Farm-to-Market Road 308 was being worked on when it exploded.

 

UPDATE 11:31AM EST: NBC reports that there are no injuries.
– See more at: http://www.breaking911.com/breaking-pipeline-explosion-near-city-of-milf…

 

Live chopper cam from CBS FDW:

CBS Dallas Live Stream


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/fIQqt-nglmI/story01.htm Tyler Durden

Obama Folds: You ‘Can’ Keep Your Plan (For Now) – Live Webcast

Between last night’s dismal reality of enrollees in Obamacare, the collapse to record lows of Obama’s approval rating, and the growing disillusionment among the President’s own party have forced the administration to “fix” Obamacare. As Politico reports, the president’s proposal would allow insurers to offer plans in 2014 that were previously slated to sunset this year, but require the companies to let consumers know how — if at all — their policies don’t comply with the minimum benefits of the Affordable Care Act, according to a source briefed on the proposal. Insurance companies are not amused as risk pools will need to be adjusted. We leave to our policy-changer-in-chief to explain the nuances of this fiasco and why this is not a “fold”, not an admission that the law is FUBAR, and not in any way similar to the Tea-Party’s suggestion that Obamacare be delayed by one year…

 

As CNN reports:

As the story of the Obamacare website fiasco unfolds, senior administration aides tell me that the President is “mad, frustrated and angry.“

 

Mad that his signature legislative achievement is stuck at the gate, frustrated that he’s running out of time to fix it and angry that he’s got a second-term agenda now going nowhere. He’s so furious, in fact, that he stepped out of character to vent to an assembled group of top aides. “If I had known (about the website problems),” the steaming President reportedly said, according to The New York Times, “we could have delayed the website.”

Live Feed:

 

 

Can we get a web cam of Ted Cruz’s office?


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/_gyfnUcMVTQ/story01.htm Tyler Durden

Obama Folds: You 'Can' Keep Your Plan (For Now) – Live Webcast

Between last night’s dismal reality of enrollees in Obamacare, the collapse to record lows of Obama’s approval rating, and the growing disillusionment among the President’s own party have forced the administration to “fix” Obamacare. As Politico reports, the president’s proposal would allow insurers to offer plans in 2014 that were previously slated to sunset this year, but require the companies to let consumers know how — if at all — their policies don’t comply with the minimum benefits of the Affordable Care Act, according to a source briefed on the proposal. Insurance companies are not amused as risk pools will need to be adjusted. We leave to our policy-changer-in-chief to explain the nuances of this fiasco and why this is not a “fold”, not an admission that the law is FUBAR, and not in any way similar to the Tea-Party’s suggestion that Obamacare be delayed by one year…

 

As CNN reports:

As the story of the Obamacare website fiasco unfolds, senior administration aides tell me that the President is “mad, frustrated and angry.“

 

Mad that his signature legislative achievement is stuck at the gate, frustrated that he’s running out of time to fix it and angry that he’s got a second-term agenda now going nowhere. He’s so furious, in fact, that he stepped out of character to vent to an assembled group of top aides. “If I had known (about the website problems),” the steaming President reportedly said, according to The New York Times, “we could have delayed the website.”

Live Feed:

 

 

Can we get a web cam of Ted Cruz’s office?


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/_gyfnUcMVTQ/story01.htm Tyler Durden

Senate Republicans Blast John Kerry Iran Briefing For Being “Solely an Emotional Appeal,” Warn of a “Future of Nuclear War,” Democrats Mostly Mum

don't fuck this one up guysIt’s hard not to wonder whether the
interest by some senators to bring fear mongering on Iran back to
the forefront of Washington’s agenda is related to what a shit job
that body’s done on everything from developing a federal budget to
passing the mess that Obamacare has revealed itself to be as is in
the first place. It’s certainly also possible that Secretary of
State John Kerry is so far down the rabbit hole of “the White House
is never wrong” that he can’t make a credible argument in favor of
an Administration policy even when that policy is sound.

Whatever the case, John Kerry was apparently not successful in
convincing Senate hawks that renewing sanctions while negotiations
with Iran have not yet collapsed is a bad idea. In fact,
Republicans
reportedly stormed out of yesterday’s briefing while Democrats
didn’t want to comment.
Via Foreign Policy:

“It was solely an emotional appeal,” Sen. Bob Corker
(R-TN) told reporters after the briefing. “I am stunned that in a
classified setting, when you’re trying to talk with the very folks
that would be originating legislation relative to sanctions, there
would be such a lack of specificity.”

“Today is the day in which I witnessed the future of nuclear war in
the Middle East,” said Sen. Mark Kirk (R-IL), a staunch Iran hawk.
“This administration, like Neville Chamberlain, is yielding large
and bloody conflict in the Middle East involving Iranian nuclear
weapons.” Kirk added that he felt the briefing was
“anti-Israeli.”

The vituperative GOP response was matched by relative silence by
exiting Democrats.

“I’m not gonna comment,” said Sen. Patty Murray (D-WA).

“No comment,” said Tim Johnson (D-SD), the chairman of the Senate
Banking Committee.

Sen. Harry Reid (D-NV) declined to answer questions about sanctions
as he ascended a congressional escalator. 

“Was this a helpful briefing?” asked The Cable.

“Yes. Very helpful,” said Reid.

When asked how so, Reid did not elaborate.

Corker, Kirk and the rest can read a case against new Iran
sanctions not rooted on emotional appeal
here. John Kerry’s welcome to lift from it, no footnotes
necessary.

They can all also read more Reason commentary on Iran here.

from Hit & Run http://reason.com/blog/2013/11/14/senate-republicans-blast-john-kerry-iran
via IFTTT

The Only Two Charts That Matter For The Fed

Here are the only two charts that matter:

First, the Fed now owns a third or 32.47% of all 10 Year equivalents, up 32.22% from the prior week, and rising at a pace of 0.3% per week.

 

Second, the Fed is now monetizing a record 70% of all net US 10 Year equivalent issuance.

 

That is all.

Source: Stone McCarthy and RBS


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/EqvtxoYWPjo/story01.htm Tyler Durden

Ohio Governor Delays Man’s Execution over Prospect of Organ Donations

Ronald PhillpsRonald Phillips was supposed to
die today in Ohio, sentenced to be executed for raping and killing
a 3-year-old girl. He made an unexpected last-minute request: to

donate his organs after execution. His attorney said in a
letter that it wasn’t a delaying tactic but an attempt to “do a
charitable act,” reported the Associated Press. Phillips’ own
mother could be a potential beneficiary of such charity. She is on
dialysis for kidney disease.

Prison officials initially rejected the request because it was
made so late they couldn’t accommodate him. But Ohio Gov. John
Kasich announced that the state will delay the execution until July
in order to determine if organ donation is a possibility. The
Columbus Dispatch
reported:

Kasich’s action is unprecedented in the nation in the case of an
imminent execution, a death-penalty expert said.

The Republican governor said he halted Phillips’ execution “so
that medical experts can assess whether Phillips’ nonvital organs
or tissues can be donated to his mother or possibly others.”

“Ronald Phillips committed a heinous crime for which he will
face the death penalty,” Kasich said in a statement less than 18
hours before the condemned man was to be lethally injected using
two drugs never before used in combination. “I realize this is a
bit of uncharted territory for Ohio, but if another life can be
saved by his willingness to donate his organs and tissues, then we
should allow for that to happen.”

The governor said if Phillips “is found to be a viable donor to
his mother or possibly others awaiting transplants of nonvital
organs, such as kidneys, the procedures would be performed and then
he would be returned to Death Row to await his new execution
date.”

A commenter at the Dispatch noted the connection
between what may happen to Phillips and the “Known Space” sci-fi
works of author Larry Niven, where the Earth’s government used
condemned criminals for organ replacements, ultimately leading to a
repressive society where every crime was made a capital crime (for
the sake of my future as a presidential candidate, I haven’t read
these works myself and am taking the explanation from Wikipedia).

Fortunately, given where real science is actually heading with

bioengineering and 3D-printing new body parts, we won’t likely
be descending into Niven’s scenario.

More Reason on organ donations, and the restrictive regulations
that result in a governor hoping to get a condemned man’s kidneys,
here.

from Hit & Run http://reason.com/blog/2013/11/14/ohio-governor-delays-mans-execution-over
via IFTTT

Yellen Timestamp: “No Bubble”

For the benefit of the revisionist media (if there is any media left) once the final asset bubble has popped in a few years time, and which like now will try – incorrectly – to make Yellen appear Oracular in her prophetic “bubble warnings”, we would just like to “timestamp” what she just said:

  • YELLEN SAYS FED DOESN’T SEE BUILDUP OF FINANCIAL RISKS
  • YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD’
  • YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
  • YELLEN DOESN’T SEE `MISALIGNMENTS’ IN ASSET PRICES

So there you have it: No risks, no bubbles, and on the record. Thank you Mr. Chairwoman. And now, you may continue BTFATH.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/NtSwqL7ZruQ/story01.htm Tyler Durden

Yellen Timestamp: "No Bubble"

For the benefit of the revisionist media (if there is any media left) once the final asset bubble has popped in a few years time, and which like now will try – incorrectly – to make Yellen appear Oracular in her prophetic “bubble warnings”, we would just like to “timestamp” what she just said:

  • YELLEN SAYS FED DOESN’T SEE BUILDUP OF FINANCIAL RISKS
  • YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD’
  • YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
  • YELLEN DOESN’T SEE `MISALIGNMENTS’ IN ASSET PRICES

So there you have it: No risks, no bubbles, and on the record. Thank you Mr. Chairwoman. And now, you may continue BTFATH.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/NtSwqL7ZruQ/story01.htm Tyler Durden

Gold Spikes As QEeen Yellen Mentions Fed’s Tools (Then Slides As She Warns “QE Can’t Go On Forever”)

UPDATE: Gold is slipping back as Yellen notes:

  • *YELLEN SAYS QE `CANNOT CONTINUE FOREVER’
  • *YELLEN SAYS FED TAKES RISKS OF QE `VERY SERIOUSLY’

 

Yesterday was equity markets turn to get all exuberant over Yellen’s promises. Today, it is the reality that she will do whatever it takes and her mention of data-dependence and ongoing use of Fed tools that is sending gold (and silver) higher.

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/wGJw4uHHADs/story01.htm Tyler Durden

Gold Spikes As QEeen Yellen Mentions Fed's Tools (Then Slides As She Warns "QE Can't Go On Forever")

UPDATE: Gold is slipping back as Yellen notes:

  • *YELLEN SAYS QE `CANNOT CONTINUE FOREVER’
  • *YELLEN SAYS FED TAKES RISKS OF QE `VERY SERIOUSLY’

 

Yesterday was equity markets turn to get all exuberant over Yellen’s promises. Today, it is the reality that she will do whatever it takes and her mention of data-dependence and ongoing use of Fed tools that is sending gold (and silver) higher.

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/wGJw4uHHADs/story01.htm Tyler Durden