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[TC] AI photo editor FaceApp goes viral again on iOS, raises questions about photo library access FaceApp. So. The app has gone viral again after first doing so two years ago or so. The effect has gotten better but these apps, like many other one off viral apps, tend to come and go in waves driven by influencer networks or paid promotion. We first covered this particular AI photo editor  from […] Published:7/16/2019 10:09:00 PM
[Entertainment] Watch Beyoncé and Blue Ivy Roar in The Lion King's ''Spirit'' Music Video Beyonce, The Lion King London Premiere Can you feel the love from the Beyhive tonight? After much anticipation, Beyoncé released the official music video for "Spirit," a new song featured on The Lion King...
Published:7/16/2019 10:09:00 PM
[Politics] USA Today releases new video in Spanish to help illegals AVOID being deported by ICE AOC does it. Nancy Pelosi does it. And now USA Today is doing it, releasing a new video to help illegals avoid deportation by ICE: The video is narrated completely in Spanish . . . Published:7/16/2019 10:09:00 PM
[Politics] USA Today releases new video in Spanish to help illegals AVOID being deported by ICE AOC does it. Nancy Pelosi does it. And now USA Today is doing it, releasing a new video to help illegals avoid deportation by ICE: The video is narrated completely in Spanish . . . Published:7/16/2019 10:09:00 PM
[The Blog] Big government is always the biggest threat to liberty

Now and forever.

The post Big government is always the biggest threat to liberty appeared first on Hot Air.

Published:7/16/2019 10:09:00 PM
[Markets] The World Needs A Water Treaty

Authored by Conn Hallinan via Counterpunch.org,

During the face-off earlier this year between India and Pakistan over a terrorist attack that killed more than 40 Indian paramilitaries in Kashmir, New Delhi made an existential threat to Islamabad.

The weapon was not India’s considerable nuclear arsenal, but one still capable of inflicting ruinous destruction: water.

“Our government has decided to stop our share of water which used to flow to Pakistan,” said Indian Transport Minister Nitin Gadkarikinon February 21.

“We will divert water from eastern rivers and supply it to our people in Jammu and Kashmir and Punjab.”

India controls three major rivers that flow into Pakistan.

If India had followed through, it would have abrogated the 1960 Indus Water Treaty (IWT) between the two counties, a move that could be considered an act of war.

In the end, nothing much came of it. India bombed some forests, and Pakistan bombed some fields. But the threat underlined a growing crisis in South Asia, where water-stressed mega-cities and intensive agriculture are quite literally drying the subcontinent up. By 2030, according to a recent report, half the population of India — 700 million people — will lack adequate drinking water. Currently, 25 percent of India’s population is suffering from drought.

“If the wars of this century were fought over oil, the wars of the next century will be fought over water,” warns Ismail Serageldin, a former executive for the World Bank.

Bilateral Strains

While relations between India and Pakistan have long been tense — they have fought three wars since 1947, one of which came distressingly close to going nuclear — in terms of water sharing, they are somewhat of a model.

After almost a decade of negotiations, both countries signed the IWT in 1960 to share the output of six major rivers. The World Bank played a key role by providing $1 billion for the Indus Basin Development Fund.

But the ongoing tensions over Kashmir have transformed water into a national security issue for both countries. This, in turn, has limited the exchange of water and weather data, making long-term planning extremely difficult.

The growing water crisis is heightened by climate change. Both countries have experienced record-breaking heat waves, and the mountains that supply the vast majority of water for Pakistan and India are losing their glaciers. The Hindu Kush Himalaya Assessment report estimates that by 2100, some two-thirds of the area’s more than 14,000 glaciers will be gone.

India’s response to declining water supplies, like that of many other countries in the region, is to build dams. But dams not only restrict downstream water supplies, they block the natural flow of silt. That silt renews valuable agricultural land and also replenishes the great deltas, like the Ganges-Brahmaputra, the Indus, and the Mekong. The deltas not only support fishing industries, they also act as natural barriers to storms.

The Sunderbans — a vast, 4,000 square-mile mangrove forest on the coasts of India and Bangladesh — is under siege. As climate change raises sea levels, upstream dams reduce the flow of freshwater that keeps the salty sea at bay. The salt encroachment eventually kills the mangrove trees and destroys farmland. Add to this increased logging to keep pace with population growth, and Bangladesh alone will lose some 800 square miles of Sunderban over the next few years.

As the mangroves are cut down or die off, they expose cities like Kolkata and Dhaka to the unvarnished power of typhoons, storms which climate change is making more powerful and frequent.

The Third Pole

The central actor in the South Asia water crisis is China, which sits on the sources of 10 major rivers that flow through 11 countries, and which supply 1.6 billion people with water. In essence, China controls the “Third Pole,” that huge reservoir of fresh water locked up in the snow and ice of the Himalayas.

And Beijing is building lots of dams to collect water and generate power.

Over 600 large dams either exist or are planned in the Himalayas. In the past decade, China has built three dams on the huge Brahmaputra that has its origin in China but drains into India and Bangladesh.

While India and China together represent a third of the world’s population, both countries have access to only 10 percent of the globe’s water resources — and no agreements on how to share that water. While tensions between Indian and Pakistan mean the Indus Water Treaty doesn’t function as well as it could, nevertheless the agreement does set some commonly accepted ground rules, including binding arbitration. No such treaty exists between New Delhi and Beijing.

While relations between China and India are far better than those between India and Pakistan, under the Modi government New Delhi has grown closer to Washington and has partly bought into a U.S. containment strategy aimed at China. Indian naval ships carry out joint war games with China’s two major regional rivals, Japan and the United States, and there are still disputes between China and India over their mutual border. A sharpening atmosphere of nationalism in both countries is not conducive to cooperation over anything, let alone something as critical as water.

And yet never has there been such a necessity for cooperation. Both countries need the “Third Pole’s” water for agriculture, hydropower, and to feed the growth of mega-cities like Delhi, Mumbai, and Beijing.

Stressed water supplies translate into a lack of clean water, which fuels a health crisis, especially in the sprawling cities that increasingly draw rural people driven out by climate change. Polluted water kills more people than wars, including 1.5 million children under the age of five.  Reduced water supplies also go hand in hand with waterborne diseases like cholera. There is even a study that demonstrates thirsty mosquitoes bite more, thus increasing the number of vector borne diseases like zika, malaria, and dengue.

Regional Pacts Won’t Cut It

South Asia is hardly alone in facing a crisis over fresh water. Virtually every continent on the globe is looking at shortages. According to the World Economic Forum, by 2030 water sources will only cover 60 percent of the world’s daily requirement.

The water crisis is no longer a problem that can be solved through bilateral agreements like the IWT, but one that requires regional, indeed, global solutions. If the recent push by the Trump administration to lower mileage standards for automobiles is successful, it will add hundreds of thousands of extra tons of carbon dioxide to the atmosphere, which, in turn, will accelerate climate change.

In short, what comes out of U.S. auto tailpipes will ultimately be felt by the huge Angsi Glacier in Tibet, the well spring of the Brahmaputra, a river that flows through China, India, and Bangladesh, emptying eventually into the Bay of Bengal.

There is no such thing as a local or regional solution to the water crisis, since the problem is global. The only really global organization that exists is the United Nations, which will need to take the initiative to create a worldwide water agreement.

Such an agreement is partly in place. The UN International Watercourses Convention came into effect in August 2014 following Vietnam’s endorsement of the treaty. However, China voted against it, and India and Pakistan abstained. Only parties that signed it are bound by its conventions.

But the convention is a good place to start. “It offers legitimate and effective practices for data sharing, negotiation, and dispute resolution that could be followed in a bilateral or multilateral water sharing arrangement,” according to Srinivas Chokkakula, a water issues researcher at New Delhi’s Center for Policy Research.

By 2025, according to the UN, some 1.8 billion people will be living in countries or regions with absolute water shortages, and two-thirds of the world’s population could be under “water stress” conditions. There is enough fresh water for seven billion people, according to the UN, but it is unevenly distributed, polluted, wasted, or poorly managed.

If countries don’t come together around the conventions — which need to be greatly strengthened — and it becomes a free for all with a few countries holding most of the cards, sooner or later the “water crisis” will turn into an old-fashioned war.

Published:7/16/2019 10:09:00 PM
[Markets] The Margin: Washington Monument gets turned into a life-sized rocket for Apollo 11 anniversary The Smithsonian Institution’s National Air and Space Museum is projecting a life-sized, animated image of a Saturn V rocket on the launch pad onto the face of the Washington Monument in honor of the 50th anniversary of the Apollo 11 mission, which culminated with the first men walking on the moon.
Published:7/16/2019 10:09:00 PM
[The Blog] Planned Parenthood aborts new president after eight months

Early termination.

The post Planned Parenthood aborts new president after eight months appeared first on Hot Air.

Published:7/16/2019 9:39:13 PM
[Entertainment] Bachelor Nation's Dean Unglert Addresses Caelynn Miller-Keyes Dating Rumors Dean Unglert, Caelynn Miller-KeyesCould Dean Unglert be a changed man? Well, it certainly seems like it! In a sneak peek of iHeartRadio's "Help! I Suck at Dating" podcast, the Bachelor in Paradise contestant...
Published:7/16/2019 9:39:13 PM
[storytype:standard] US pushes for talks as North Korea hints it may lift nuclear test moratorium Published:7/16/2019 9:39:12 PM
[16d90c46-4dc7-5de2-9bf9-0315b430124e] Doug Schoen: Trump stops Dems from feuding with each other – They unite to condemn his attack on congresswomen I fundamentally disagree on issues of policy and politics with four far-left Democratic congresswomen who were attacked by President Trump in an angry tweet Sunday and again in later comments. But I agree with the action by the House Tuesday night to condemn the president for what I consider his unacceptable and racist attack against the four congresswomen. Published:7/16/2019 9:39:12 PM
[Markets] PFAS Crisis Expands As Millions Of Americans In 43 States Are Exposed To Toxic Chemicals 

Tens of millions of Americans in 43 states may have been exposed to toxic fluorinated compounds known as PFAS in their drinking water.

In a report from May, the non-profit Environmental Working Group (EWG) showed how PFAS had exposed upwards of 19 million Americans through contaminated groundwater. EWG found 610 contaminated locations ranging from public water systems, military bases, military and civilian airports, industrial plants, dumps, and firefighter training sites.

Now the environmental advocacy group has identified 58 more military sites where high levels of PFAS used in firefighting foam have been detected in groundwater or drinking water, from Elmendorf Air Force Base and Fort Richardson, Alaska to Fort Eustis, Virginia, reported the Military Times.

Many of the new locations contain PFAS levels over 100,000 parts per trillion.

"The EPA and the Department of Defense have utterly failed to treat PFAS contamination as a crisis demanding swift and decisive action," said Ken Cook, president of EWG, in a statement announcing the additional contaminated sites.

"'It's time for Congress to end new PFAS pollution and clean up legacy contamination," Cook said.

For decades, the military and other civilian agencies used firefighting foams that contained PFAS. These dangerous chemicals are also in hundreds of everyday household products.

The Centers for Disease Control and Prevention (CDC) has warned that the toxic chemicals are present in the blood samples of the general population. Prior studies have shown the dangerous chemicals have been linked to weakened childhood immunity, thyroid disease, cancer, and other major health issues.

DoD officials are prioritizing cleanup operations for 401 of the sites, said Deborah Morefield, manager of the Defense Environmental Restoration Program in the office of the deputy assistant secretary of defense for the environment.

The cleanup process occurred under a law known as the Comprehensive Environmental Response, Compensation and Liability Act, or CERCLA, she said. "'It's a long process, and it 'doesn't happen overnight."

Under new DoD policy, the firefighting foam has been banned from training,  maintenance, or testing exercises, Morefield said. "It's only being used for real fire emergencies, and even in those cases, we're treating it as a spill response. We're collecting and trying to make sure it 'doesn't get into the environment further," she said.

Morefield said Congress had allocated additional monies for cleanup sites. "We are trying to get our hands on this, trying to make sure we get the appropriate funding to move forward to take care of our cleanup responsibilities."

Congress introduced new legislation earlier this year that would require the EPA to set new limits for PFAS by 2021-22.

EWG's reports reveal that America's drinking water crisis goes way beyond Flint.

Published:7/16/2019 9:39:12 PM
[Markets] Tech’s day of reckoning on Capitol Hill was long and harsh Tech’s day of reckoning Tuesday on Capitol Hill started with skepticism about Facebook Inc.’s proposed digital currency, and ended with a spirited debate over charges of anti-conservative bias on Alphabet Inc.’s Google search. In between, the industry’s big four took some body blows from both political parties.
Published:7/16/2019 9:39:12 PM
[6d3d1605-41c4-564f-b15b-f2d473b11b58] Leslie Marshall: Trump deserves condemnation for ‘racist’ comments – Now Dems must unite against him The 240-187 House vote Tuesday night to approve a resolution titled “Condemning President Trump’s racist comments directed at Member of Congress” was justified and necessary to hold the president accountable for his unacceptable attack on four Democratic House members who are all women of color. Published:7/16/2019 9:12:12 PM
[Markets] Illegal Alien In Sanctuary City Charged With Sexual Assault Of A 6-Year-Old Child

Records obtained by CBS 17 North Carolina show that a Raleigh, North Carolina man is facing multiple child sex charges stemming from a case dating back to January.

The 32 year old man, Alejandro Duarte Aldama, was arrested last week and charged with "indecent liberties with a child and statutory sex offense – child less than 13; defendant 18+" according to a Wake County arrest warrant. 

The warrant claims that he “attempt[ed] to engage in a sex act with…a child who was under the age of 13, namely 6 years old” on Jan. 4.

A follow up report by Breitbart says that law enforcement officials said Aldama "entered the U.S. without inspection, which indicates that he is in the country illegally". Raleigh, where he had been living, is a sanctuary city that protects illegal aliens from being deported. 

As the article points out, this isn't the first case out of North Carolina this year involving illegal aliens and sex crimes against children: 

North Carolina, this year, has seen a number of cases in which illegal aliens have been accused of sex crimes against children. In February, an illegal alien was charged with raping a 14-year-old girl in Harmony, North Carolina, before attempting to flee the U.S. Likewise, two illegal alien teenagers were charged last month for allegedly gang-raping a 13-year-old girl in Chapel Hill, North Carolina.

Aldama is currently being held on $1 million secured bond. 

Published:7/16/2019 9:12:12 PM
[Politics] [VIDEO] CNN has on a White Supremacist so they can DUNK on Trump CNN actually had on the air today Richard Spencer, an infamous White Nationalist, all so they could connect Trump to White Nationalists. Watch: CNN just had Richard Spencer, a literal white supremacist, . . . Published:7/16/2019 9:12:12 PM
[Politics] [VIDEO] CNN has on a White Supremacist so they can DUNK on Trump CNN actually had on the air today Richard Spencer, an infamous White Nationalist, all so they could connect Trump to White Nationalists. Watch: CNN just had Richard Spencer, a literal white supremacist, . . . Published:7/16/2019 9:12:12 PM
[] Overnight Open Thread (07-16-2019)
******
Published:7/16/2019 9:12:12 PM
[Politics] Sen. Scott: Trump 'Injected GOP Into a Democratic Fight' President Donald Trump has "injected [Republicans] into a Democratic fight," Sen. Tim Scott, R-S.C, the lone Republican senator who is black, lamented to Newsmax's John Gizzi on Tuesday. Published:7/16/2019 8:39:40 PM
[Entertainment] All the Details on Sarah Hyland's Massive Diamond Engagement Ring From Wells Adams Sarah Hyland, Wells AdamsWells Adams put a ring on it! The former Bachelorette star shared the exciting news on Tuesday evening that he and Sarah Hyland are officially engaged. "I'll be Johnny, you be...
Published:7/16/2019 8:39:40 PM
[worldNews] Trump administration plans to divert $40 million in aid to Venezuela's opposition U.S. President Donald Trump's administration plans to divert more than $40 million in humanitarian aid for Central America to support the U.S.-backed opposition in Venezuela, according to an internal document obtained by Reuters on Tuesday.
Published:7/16/2019 8:39:40 PM
[The Blog] Rush: “All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around”

"Nobody is a fiscal conservative anymore."

The post Rush: “All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around” appeared first on Hot Air.

Published:7/16/2019 8:39:40 PM
[Markets] Congress Courageously Sticks US Taxpayers WIth A $6 Trillion Liability

Authored by Simon Black via SovereignMan.com,

There seems to be an unwritten rule with lawmakers that, every time they create a terrible piece of legislation, they give it the most noble-sounding name.

The USA PATRIOT Act from 2001 was a great example. It sounds great. Who wouldn’t love a law named for Patriots?

And yet that was easily among the most freedom-killing laws ever passed in US history, giving the federal government nearly unlimited authority to wage war and spy on its own people.

There are so many other examples– the USA FREEDOM Act from 2015 (which renewed many of the worst provisions of the PATRIOT Act).

Or the HIRE Act from 2010, which created some of the most heinous tax rules of the last fifty years.

The names of these laws all sounded wonderful. But their effects were absolutely terrible.

The new SECURE Act will likely be no different.

If you haven’t heard of SECURE, it’s a new piece of legislation aimed at ‘fixing’ the US retirement system.

SECURE stands for “Setting Every Community Up for Retirement Enhancement”, which is pretty clever when you think about it.

People want to associate their retirement with a word like ‘secure’. So even without knowing anything about the law, most people will probably have good feelings about it based solely on the name.

But if you actually read the legislation, SECURE contains a number of predictably terrible consequences.

For starters, SECURE is a basically a gigantic tax increase. And it’s a tax increase that will particularly affect your children when you pass away.

Under current law, you could leave your IRA to your children in a fairly tax efficient way. That’s actually one of the nice things about an IRA.

If your kids inherit your IRA, they’re required to pay out a small portion of the funds each year… and those distributions would be taxable income.

But the current rules only require tiny distributions; your kids are allowed to stretch out the annual payouts over the course of their lives, resulting in very minor taxation.

The new rules completely eliminate this benefit.

Under the SECURE Act, your kids would have ten years to pay out (and be taxed on) the entire value of your retirement account.

This means that the annual payouts would be MUCH larger… thus bumping your children up to a higher tax bracket… meaning that they’ll end up paying much higher taxes on your retirement savings.

This is tantamount to a huge estate tax increase. And it’s one that primarily affects the middle class.

For wealthy people, retirement accounts typically only comprise a small percentage of their assets. So this rule change won’t have much of an impact.

But for the middle class, retirement accounts are often one of the largest sources of their estates. And this legislation will be a significant hit for them.

The US House of Representatives already passed the SECURE Act. And just in case you’re about to start hating on your least favorite political party, you should know that it was passed with almost unanimous support from both parties.

(though I have my doubts whether most members of Congress even read the legislation…)

It’s currently in the Senate and seems likely to pass, so this is a reality to prepare for.

In related news, Congress also made some movement on the Rehabilitation for Multiemployer Pensions Act.

Sadly this one doesn’t have a catchy acronym. But in essence the legislation is their comical attempt to address the multi-trillion dollar problem of unfunded pension plans in the Land of the Free.

We’ve talked about this before a number of times– the vast majority of state, local, and even corporate pension plans in the United States (and worldwide for that matter) simply don’t have enough money to keep their promises.

Moody’s Investor Service estimated last year that the total pension funding gap in the US is $4.4 trillion. A few months ago the American Legislative Exchange Council estimated it at nearly $6 trillion.

Bottom line, it’s a big number.

Pension plans in the United States are currently guaranteed by a quasi-government agency called the Pension Benefit Guarantee Corporation.

The PBGC is sort of like an FDIC for pension funds… so that if a pension plan goes bust, the PBGC will step in with a bailout.

Problem is, the PBGC itself is nearly insolvent and will run out of money in 2025. And its balance sheet is trivial compared to the multi-trillion dollar pension problem.

So Congress came up with a solution: go into DEBT!

According to the new legislation, whenever a pension plan runs out of funds, Congress wants them to borrow money in order to keep making payments to beneficiaries.

This raises an obvious question: who would be insane enough to loan money to an insolvent pension fund?

Well, you’ll be pleased to know that your esteemed members of Congress have courageously signed you up for the task, putting the American taxpayer on the hook for this potential $6 trillion liability.

Clearly this plan is the work of genius.

If nothing else, these two laws point to an obvious conclusion: it’s more important than ever to get your house in order when it comes to retirement planning.

Pension funds aren’t going to be able to keep their promises. Even Social Security, according to its own annual report, will run out of money in 15 years.

And even when you responsibly set aside your own money for retirement, lawmakers will suddenly change the rules and impose a major tax increase on the middle class.

Just imagine the things they’ll do if the Bolsheviks come to power next year…

Published:7/16/2019 8:39:40 PM
[Uncategorized] “Intersectionality” has become “a toxic mixture of racial and identity politics where anti-Zionism is the unifying feature” My presentation at the Department of Justice Summit on Combatting Anti-Semitism. Published:7/16/2019 8:09:11 PM
[Alexandria Ocasio-Cortez] Democrats: We’re So Smart, We Inspire Felonies! (John Hinderaker) Self-knowledge is not typically characteristic of Democratic politicians. Hawaiian Senator Mazie Hirono, a dim bulb by any normal standard, explains that the Democrats’ problem is that they are too smart. They know too much. They are too “left brain.” Republicans appeal to voters’ hearts, while Democrats are stuck with their heads: Of course, some Democrats do get emotionally involved. Like Willem Van Spronsen, the aging hippie and Antifa member who Published:7/16/2019 8:09:10 PM
[Entertainment] Bachelor Nation Reacts to Sarah Hyland and Wells' Adams Engagement Sarah Hyland, Wells Adams, InstagramIt's safe to say that Wells Adams and Sarah Hyland are going to have a huge wedding. Within minutes of their engagement announcement, celebrities from Bachelor Nation and Hollywood at...
Published:7/16/2019 8:09:10 PM
[The Blog] Kellyanne: “I’m taking one for the team here…”, fights committee subpoena

"We are sick and tired of people"

The post Kellyanne: “I’m taking one for the team here…”, fights committee subpoena appeared first on Hot Air.

Published:7/16/2019 8:09:10 PM
[structure:news/uk-news] UK enjoys partial lunar eclipse on 50th anniversary of Apollo 11 moon mission launch Published:7/16/2019 8:09:10 PM
[Right Column] BBC features Morano in 10 year Climategate anniversary whitewash – Climate Depot corrects

BBC tries to whitewash Climategate. Morano featured on BBC report. Watch 2019 BBC TV report here: 

Flashback 2009: Climategate Professor to Morano on Live BBC TV: ‘What an A**hole’

Correct history of Climategate here: Watch & Read: Climategate – The UN Top Scientists Exposed – See Morano debating in 2009 & 2010 –

Published:7/16/2019 8:09:10 PM
[Markets] The Top 25 Metro Areas Make Up Half Of US GDP

The top 25 metro areas make up half of the U.S. GDP. The other 359 smaller cities account for a little over 38 percent of national GDP. As Statista's Sarah Feldman points out, it only takes 19 of the biggest powerhouse cities to make up the same percent of total GDP as the other 359 cites.

The rural-urban divide gets a lot of press, while the divide between major metropolises and smaller ones often gets overlooked.

Infographic: The Top 25 Metro Areas Make Up Half of U.S. GDP | Statista

You will find more infographics at Statista

These smaller cities often face the struggles of aging populations, young workers leaving to coastal cities, and shrinking economies, once bolstered by manufacturing jobs and industries. These U.S. cities, like Cleveland, Columbus, and Buffalo have been struggling to jump start economic development.

The division between bigger cities and smaller cities has a geographic component to it too. Over half of the top 25 economic powerhouses are located on one of the coasts, further playing into the divide between coastal metro areas and the interior of the country.

Published:7/16/2019 8:09:10 PM
[The Blog] Minneapolis suburb: On second thought, let’s bring back the Pledge of Allegiance

“I think the Pledge of Allegiance celebrates our diversity, that we’re all united.”

The post Minneapolis suburb: On second thought, let’s bring back the Pledge of Allegiance appeared first on Hot Air.

Published:7/16/2019 7:39:13 PM
[Uncategorized] Elizabeth Warren has a temper tantrum after trying to shame Defense Secretary nominee Mark Esper

Elizabeth Warren is really upset that someone would interrupt the campaign speech she'd slipped in there.

The post Elizabeth Warren has a temper tantrum after trying to shame Defense Secretary nominee Mark Esper appeared first on twitchy.com.

Published:7/16/2019 7:39:13 PM
[Markets] "They Crushed Our Growth And Ruined Our Product:" YouTube's Ex-Partners Plot Antitrust Revenge

YouTube is headed for a significant antitrust confrontation with its ex-partners, now turned rivals, that seek trustbuster attention on the video giant's advertising platform, Bloomberg reports.

AppNexus Inc., founded by Brian O'Kelley in 2007, helped companies advertise anywhere on the internet. The software was easy to use, was able to be integrated into Google, the biggest ad seller, and Google's YouTube video service.

By 2015, Google halted companies from buying ads on YouTube using external software, which would eventually collapse AppNexus because its clients could no longer advertise on the video platform.

"They crushed our growth and ruined our product," said O'Kelley, who stepped down as AppNexus chief executive officer last year. YouTube represented a large portion of the video inventory that AppNexus offered to advertisers. Those marketers couldn't just ignore YouTube "because it's pretty much a monopoly in that space," he added. "It's not a supply-and-demand problem. It's a 'You just broke our entire business' problem.'"

Bloomberg notes advertising and media entrepreneurs created multi-billion dollar operations around YouTube, only to be crushed by the video giant after a change in the rules of engagement.

Rivals and former employees, who remained anonymous, said Google used YouTube's popularity to attract media and tech firms onto the platform, gaining exclusive access to more videos and ad space.  YouTube then used that supply to, manipulate ad prices, and harvest data about viewers, crushing anyone that tried to compete.

People familiar with this said YouTube didn't wipe out the competition right away. Instead, the video giant made decisions to consolidate the video ad-buying process, with no consideration for its partners and regulatory checks. This triggered a tidal wave of failed companies and fewer choices for advertisers, sources said.

YouTube has no competition in the video advertising space. Interactive Advertising Bureau estimates the video advertising space was roughly $16.3 billion last year. BMO Capital Markets said the video giant accounts for $16 billion in 2018 sales, efficiently commanding the entire industry.

YouTube disagrees with this depiction of its video ad dominance, said it pays out a little more than half of its ad sales to contributors.

Regulators and politicians have taken notice about YouTube squeezing its partners. The Department of Justice is considering an antitrust investigation of Google/YouTube.

YouTube is preparing for upcoming antitrust investigations, its executives contacted its partners to ask how its practices have affected their ad sales, according to another source.

Vevo is one of the best examples of how YouTube squeezed its partners with the intent of crushing them into near bankruptcy.

Vevo was founded in 2008, collected music videos and original programming from creators and distributed the content across the internet -- on Facebook, YouTube, and Vevo.com. The goal of Vevo was to be the MTV of the internet to get higher advertising rates.

As YouTube experienced rapid growth, the relationship with Vevo faltered. Vevo music video were some of the hottest videos on YouTube, and advertisers paid more to advertise on those videos. But YouTube came across a significant problem when Vevo featured a video on its platform: it couldn't advertise because Vevo had exclusive rights. The google unit explored ways to correct this error; it first tried to renegotiation with Vevo, then tried to buy it outright, sources said.

YouTube proposed a new contract in 2012 that would have enabled it to also sell ads on Vevo videos operating on its platform, which would effectively crush Vevo's share of the revenue from those ads. Vevo executives declined YouTube's attempt to buy it, and what followed next was shocking: YouTube said it would delete Vevo videos from its platform before the existing contract would expire.

Vevo executives then filed an injunction describing what they said was bullying tactics, and asked a judge to prevent the video giant from removing its videos. The ploy worked. YouTube agreed to a new deal that would keep Vevo videos on the platform and keep exclusive rights to its ad inventory.

Google then acquired a minority stake in Vevo.

YouTube's attempts to kill Vevo continued for years, according to sources. With no way in accessing Vevo's ad inventory, YouTube effectively reduced its influence on the platform.

In 2018, Vevo discontinued its effort to compete with YouTube for a broad consumer audience, "shutting its app and website, and cutting product and engineering staff," Bloomberg said. Months later, YouTube signed a deal with Vevo in what industry sources said it wanted all along: the right to sell ads on Vevo videos.

The Justice Department's top trustbuster Makan Delrahim recently discussed how some tech companies have become too large, and their influence on competition is dangerous. Sort of like when oil refineries declined to sell themselves to Standard Oil about a century ago, the giant cut prices to drive rivals out of business.

YouTube said its tactics were reasonable - industry insiders disagree.

O'Kelley said that the Department of Justice is more attentive than ever before in investigating if YouTube violated antitrust laws. In May, he testified before the Senate Judiciary Committee on digital advertising. "This is not a functioning market," he said. "It enables Google, which doesn't produce content, to monopolize all aspects of the programmatic business and take a disproportionate tax for its trouble."

Published:7/16/2019 7:39:13 PM
[Entertainment] Johnny Clegg, anti-apartheid musician in South Africa, dies South African musician Johnny Clegg, who performed in defiance of apartheid and celebrated the country’s change to democracy under Nelson Mandela, has died Published:7/16/2019 7:39:13 PM
[Middle Column] Prince Charles at it again: Issues yet another climate tipping point deadline after previous ‘100 month’ deadline expires

The Prince of Wales has warned global leaders that if we don’t tackle climate change in 18 months the human race will go extinct in a speech in London yesterday to foreign ministers from the Commonwealth. "I am firmly of the view that the next 18 months will decide our ability to keep climate change to survivable levels and to restore nature to the equilibrium we need for our survival," Prince Charles said. 

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Flashback: Climate activist Prince Charles has his shoelaces ironed every morning, travels with own toilet seat

Published:7/16/2019 7:39:13 PM
[Politics] Trump's 'New Tactic' at the Fed Something is missing, it strikes us, from Alan Blinder's sally against Judy Shelton, the woman President Trump is preparing to nominate for a governorship of the Federal Reserve. Mr. Blinder, who was made vice chairman of our central bank by President Clinton, says that Ms. Shelton is part of a "new tactic" in President Trump's war on the Fed. "The idea," he avers in a column in the Wall Street Journal, "is to undermine the chairman and make the job harder." Mr. Blinder certainly spe... Published:7/16/2019 7:39:13 PM
[World] Trump Rolls the Dice on Sanctions and Wins…War? Squeezing another country until they are desperate--how did that work out in 1941? Published:7/16/2019 7:39:13 PM
[US News] Report: Ousted Planned Parenthood president refused to use trans-inclusive language

Word on the street is that Leana Wen didn't want to isolate the unwoke citizens of the Midwest.

The post Report: Ousted Planned Parenthood president refused to use trans-inclusive language appeared first on twitchy.com.

Published:7/16/2019 7:10:22 PM
[Entertainment] Scooter Braun Hints the Taylor Swift Drama Has Taken a ''Toll'' on Him Taylor Swift, Scooter BraunScooter Braun is breaking his silence... The 38-year-old music manager is making light of his recent drama with Taylor Swift on social media. "Last couple of weeks have really taken a...
Published:7/16/2019 7:10:22 PM
[Entertainment] Former director of clinic in alleged IVF mix-up sued for lying, having sex with client Former CHA Fertility Center director faced two medical examiner boards, receiving a reprimand and settling a malpractice lawsuit for $130,000.
      
Published:7/16/2019 7:10:22 PM
[Politics] US Nixes Protected Status for Venezuelans in US A request by a group of 24 senators to provide Venezuelans in the United States temporary immigrant benefits in light of the humanitarian crisis in the South American country has been denied by the Trump administration. Published:7/16/2019 7:10:22 PM
[worldNews] Trump administration plans to divert $40 million in aid to Venezuela's opposition: L.A. Times U.S. President Donald Trump's administration plans to divert more than $40 million in humanitarian aid for Central America to support the U.S.-backed opposition in Venezuela, the Los Angeles Times reported on Tuesday, citing sources and an internal memorandum.
Published:7/16/2019 7:10:22 PM
[Politics] The ‘Squad’ aims to guillotine the Democratic old guard The Democratic Party bears little resemblance to the themes Barack Obama and Hillary Clinton embraced in the 2008 primaries. The parameters of marriage — “between a man and woman,” in Obama’s words — has now transmogrified beyond gay civil unions to legal gay marriage to transgendered fixations. Obama once protested that he was no king... Published:7/16/2019 7:10:22 PM
[Entertainment] National Philharmonic bows out abruptly The Maryland-based orchestra says it lacks funding needed to save the upcoming season. Published:7/16/2019 7:10:22 PM
[structure:news] R Kelly pleads not guilty as singer denied bail on US charges of sex crimes Published:7/16/2019 7:10:22 PM
[Markets] "If You Provoke The Entire World, Something Very Terrible May Happen"

Authored by Andre Vltchek via Off-Guardian.org,

The United States believes that it is so invincible, exceptional and so frightening that no one would ever dare to protest, let alone defend its people against constant humiliation, economic embargos and military threats.

It used to be like this for quite some time. In the past, the West used to bully the world before and after each well-planned assault. Also, well-crafted propaganda used to be applied.

It was declared that things are done ‘legally’ and rationally. There were certain stages to colonialist and imperialist attacks: “define your goals”, “identify your victim”, “plan”, “brainwash your own citizens and people all over the world”, and then, only then, “bomb some unfortunate country back to the stone ages”.

Now, things are slightly different.

“The leader of the free world” wakes up in the middle of the night, and he tweets. What comes from his computer, tablet or phone, (or whatever he uses), is spontaneous, unpolished and incredibly dangerous. Similar in substance to what made him wake up in the middle of the night, in a first place.

He does not seem to plan; he shoots off from the hip. Today, as I am writing this essay, he has declared that he has “five strategies for Venezuela”. Go figure. Bravo!

Earlier, as he was about to land outside London, he embarked on insulting the Mayor of the British capital, calling him names. A bit like we used to do to each other, when we were five years old, in the neighborhood playground.

He has been regularly offending Mexico, and of course Iran, China and Russia.

He basically tells the leader of the most populous nation on earth – China – to “be there”, at the G20 Summit, or else.

Whenever he and his lieutenants are in the mood, they get busy antagonizing everyone: Cuba and Nicaragua, DPRK and Venezuela, Bolivia and Syria.

Of course, the main “culprits” are always the ‘biggest bad boys’, Russia and China.

Anyone, at any time, could easily land on the proverbial hit list of President Trump, and hawks of his United States of A. It could be India (which, during ‘good submissive times’ is called by the West the “biggest democracy”, or perhaps Turkey (militarily the second mightiest NATO country). The world had been converted into an entity which appears to be run by a bloodthirsty and unpredictable dictatorship. The world is an entity where everyone is terrified of being purged, imprisoned, starved to death, or directly attacked, even liquidated.

It was always like this, at least in the modern history of the planet. Colonialism, neo-colonialism, imperialism: they have many different faces but one common root. A root that has been often hidden deep under the surface.

But this time it is all in the open, raw and brutally honest.

*  *  *

Both George W. Bush and Donald Trump have one thing in common: they are honest.

Bill Clinton and Barrack Obama were both ‘suave’ presidents. They were loved in Europe, as they knew how to speak politely, how to dine elegantly, and how to commit mass murder in a ‘rational, righteous way’; ‘old-fashioned, European-style’.

The brutal, vulgar ways of W. Bush and Donald Trump have been consistently shocking all those individuals who are pleased when things are done ‘stylishly’ and ‘politically correctly’; be it a coup or the starvation to death of millions through embargos. Or be it invasions or ‘smart’ bombing (practically, ‘smart’ meaning very far from the inquisitive eyes).

But it is not only the ‘offended sensibilities’ of predominantly European population, that matter.

The danger is that someone might take Donald Trump seriously, and respond accordingly.

In the past, verbal insults similar to those unleashed now by the US President, could easily have led to a war, or at least to the breaking up of diplomatic relationships.

And now?

In case Westerners have not realized it, yet – people all over the world are indignant. I talk to Libyans, Afghans, Iraqis, Venezuelans, Cubans, Iranians: they hate what comes from Washington; hate it with passion. They know that what is being done to them is terrorism, thuggery. But for now, they do not know how to defend themselves. Not yet, but they are thinking.

The entire world now resembles a brutal ghetto, or a slum, where a heavily armed gang controls the streets, and in fact every corner and alley.

At least in the past, subjugated people were able to hide behind decorative words and ideological pirouettes. They were able to ‘save their face’. They were sodomized in the name of ‘freedom’, ‘democracy’ and ‘human rights’. Now, a horrible reality is flying directly into all directions: “You will do as you are told!” “It is us who will decide.” “Obey, because we said so”. Entire proud nations are being reduced into states of slaves or even worse – lap dogs.

*  *  *

As everyone is well aware, even lackeys and slaves often hold grudges. And abused dogs can bite.

Throughout history, slaves rebelled. True heroes came from rebellious and enslaved nations.

This, what we have now on our planet, is not good, not a healthy situation.

The more countries that are being intimidated, the higher the chances are that somewhere, soon, things will let go; collapse.

Only terrible fear, so far, assures that if a Syrian or a Libyan or an Afghan city is leveled to the ground, there is no real retaliation: urban areas in the USA stay intact.

Only incredible patience of the Russian or Chinese leaders guarantees that, so far, even as their economies are being battered by ridiculous sanctions, the two powerful nations do not retaliate and ruin the US financial system (which is only a paper tiger).

Trump dares. He tortures and humiliates more than half of the world, then looks straight ahead and laughs: “So what are you going to do now?”

So far, the world is doing nothing.

Even the proud and mighty Iran is not ‘crossing the line’. As millions of its people are suffering because of insane sanctions, the Iranian navy is not yet engaging the US battleships that are sailing very near its shores.

Even as more and more US bases are being built right next to both Russia and China’s borders, so far there are no substantial military bases being erected by Moscow or Beijing in places such as Nicaragua, Cuba or Venezuela.

*  *  *

All this may change, soon.

And the so much dreaded (by Washington) “domino effect” may actually take place.

Non-Western leaders have also their ‘bad days’ and terrible nights. They also wake up in the middle of the night, and think, want to communicate and to act.

Imagine an Iranian leader, waking up at 2AM, and suddenly feeling overwhelmed by wrath, because Iranian men, women and children are suffering, for no reason, as a result of the perverse sadism being regurgitated by the West. What if he Tweets an insult, too? What if he just orders, on a spur of the moment, to have all those obsolete US aircraft carriers and destroyers that are floating in the vicinity, be sunk? Iran can do it: everyone knows that it can! Technically, militarily, it is easy: those ships are just sitting ducks.

Then what? Will Washington nuke Iran?

Someone may say: The West is killing millions every year, anyway. Better to fight it, in order to stop it, once and for all. Others may join. And then, then what? Will Trump give orders to kill tens of millions, just to maintain control over the world?

What if the US navy vessels bump into a Russian or a Chinese ship, as they almost did in the South China Sea, recently? What if a Russian or Chinese ship sinks, dozens of sailors die. And there is a retaliation? Then what?

What if Syria has enough and begins shooting down Israeli military jets that are bombing it, and attacking North American and European ‘special forces’ that are still located, illegally, on its territory?

The US is engaged all over the world. France and the UK, too. And if you talk to the people in Africa, Asia, the Middle East, you very soon realize what the real feelings towards Washington are!

If you provoke the entire world, something very terrible may happen!

Now, there is an entire coalition of powerful nations, ready to defend themselves, and also defend each other. Militarily, economically, and ideologically.

The world is not a slave of the West, or the United States. It is not a latrine.

This is the new world. Considering the horrors that were spread by the West, for many long years and centuries, Asia, Africa, “Latin America”, the Middle East and Oceania, are unbelievably patient and forgiving. But the USA and Europe should not take this tolerance for granted. They should not provoke its former and present victims.

Now, we (the people from the previously ruined part of the world) are beginning to speak up: about what is being done to us – to China and Russia, to South America and Africa, and the Middle East. With awareness comes courage. With courage comes pride.

Do not misinterpret our kindness. It is not a weakness. Not anymore. Think twice before you speak (or Tweet). Think a thousand times, before you act!

Published:7/16/2019 7:10:22 PM
[] Why Not? Thanks to Brian in New Orleans, your next governor of Mississippi:... Published:7/16/2019 7:10:22 PM
[Politics] EDITORIAL: Why Trump is WRONG about Turkey and the F-35s Tom Rogan, a foreign policy focused commentary writer for the Washington Examiner, has published a piece explaining why Trump is wrong about the missed business opportunity he lamented earlier today with respect . . . Published:7/16/2019 6:46:41 PM
[Markets] House Democrats vote to condemn Trump’s ‘racist’ tweets House Democrats vote to condemn Trump’s ‘racist’ tweets Published:7/16/2019 6:46:41 PM
[World] Trump tweets force Democrats to embrace party extremists

When I saw President Trump's odd tweets over the weekend — the ones that told four American lawmakers to "go home" — my first thought was about Napoleon Bonaparte, who famously said, "Never interfere with an enemy while he's in the process of destroying himself."

That's just what the Democrats ... Published:7/16/2019 6:46:41 PM

[Entertainment] Sarah Hyland and Wells Adams Are Engaged Wells Adams, Sarah HylandIt looks like Sarah Hyland accepted Wells Adams' final rose! The couple announced on social media Tuesday evening that they are engaged. "That can't eat, can't...
Published:7/16/2019 6:46:41 PM
[Markets] Netflix is about to pass yet another subscriber milestone When Netflix Inc. reveals its subscriber additions Wednesday afternoon, it should pass a milestone: 150 million paying subscribers. Published:7/16/2019 6:46:41 PM
[Markets] Earnings Watch: Netflix is about to pass yet another subscriber milestone When Netflix Inc. reveals its subscriber additions Wednesday afternoon, it should pass a milestone: 150 million paying subscribers.
Published:7/16/2019 6:46:41 PM
[The Blog] Kellyanne Conway to reporter who asked which countries the Squad should go back to: “What’s your ethnicity?”

Origins.

The post Kellyanne Conway to reporter who asked which countries the Squad should go back to: “What’s your ethnicity?” appeared first on Hot Air.

Published:7/16/2019 6:46:41 PM
[Open Threads] Bookworm Beat 7/16/19 — an illustrated edition

It’s a short illustrated edition, thanks to a shingles vaccination sapping my energy today, but it’s still a very good illustrated edition.

The post Bookworm Beat 7/16/19 — an illustrated edition appeared first on Bookworm Room.

Published:7/16/2019 6:46:41 PM
[Media] ‘Take down the flag’! WaPo reveals that the Apollo 11 landing was actually pretty ‘racist and sexist’

"Democracy dies with horrible woke takes on life."

The post ‘Take down the flag’! WaPo reveals that the Apollo 11 landing was actually pretty ‘racist and sexist’ appeared first on twitchy.com.

Published:7/16/2019 6:46:41 PM
[Markets] The 2nd Zimbabwean Hyperinflation

Authored by Serban V.C. Enache via Hereticus Economicus blog,

Zimbabwe is once again facing rampant inflation, a rate of almost 100 percent recorded in the month of May.

I felt the need to investigate its macros. As usual, the graphs are based on info from tradingeconomcis. An important development is that last month, the Government removed the legal tender status of foreign currencies and made the new Zimbabwean Dollar [RTGS] the sole legal tender.

The country dropped its national currency back in 2009, and replaced it with a multi [foreign] currency system in efforts to combat hyperinflation at the time. The recent reverse measure, taken by Emmerson Mnangagwa’s administration, comes in response to dire commodity shortages across the country. Mnangagwa replaced Robert Mugabe as president two years ago in a coup. However, without sufficient US dollars to pay for imports, the country’s fuel stations have frequently run out and gasoline prices more than doubled between the months of January and April.

Fuel going up, coupled with the currency’s depreciation, made the cost of food, transportation, and housing utilities to soar. Due to the lack of confidence, as expected, more and more vendors set prices in US dollars.

In a milestone deal with the IMF last month, the Government agreed to cease net money creation [deficit spending] in order to pay its bills, which was a root cause of the sudden hyperinflation. The IMF is monitoring economic reforms for a year under a mutually agreed program. Debt relief was promised at the end of this year, provided the Government respects the deal. Companies are meant to trade RTGS dollars on an official market, but there were few takers. Analysts said that the Government’s gamble to force greater adoption of the RTGS might very well backfire, pushing transactions in foreign currencies underground.

With all these developments in mind, let’s see Zimbabwe’s flow of funds, and later on we’ll look at other indicators. The country has been a net exporter of Aggregate Demand and a net importer of goods for ten years straight. The Domestic Private sector [composed of domestic firms and households] has been going severely into debt for those same ten years. Only in the last two years was it able to net save financial assets, when the Government seriously expanded fiscal deficit spending.

We also see how the country’s money supply shot up, especially in 2018 and 2019. The M2 measurement [which includes cash and checking deposits + savings deposits, money market securities, mutual funds, and other time deposits] reached an all time high of 10.55 billion US dollars last March.

The unemployment figure has remained stable throughout years, but I don’t put much faith in the accuracy of this data, simply because of how the State defines being unemployed. For example, people like subsistence farmers, who consume all of their own output, are categorized as employed. And more to the point, the graph below is based on the “strict unemployed” definition [one who has been without work, is available for work and is actively seeking work]. The broader definition doesn’t require the latter condition.

Those working in the grey [informal] economy include people who do unpaid labor for a family business or paid employees who are not entitled to sick leave or paid holidays. In Zimbabwe, there are a great many who work in these circumstances. If we count as employed those workers on a payroll with taxes deducted at source and pension coverage, then the unemployment estimate is huge.

On to trade. South Africa owns the largest share of Zimbabwe’s exports. In my opinion, the country is far too dependent on its southern neighbor for commerce, and South Africa’s socio-political stability looks bleak these days. It would be better to seek out markets in different countries, in order to minimize risk and better handle potential negative demand shocks [for Zimbabwean exports] and negative supply shocks [for Zimbabwean imports].

The graph below shows Zimbabwe’s exports by countries of destination.

The graph below shows Zimbabwe’s imports by countries of source.

According to the World Bank, Zimbabwe’s exports sector as percentage of GDP last year was 22.9 percent and its imports sector 25.5 percent.

It’s safe to say that strategic bilateral relations cannot be formed, so long as Zimbabwe’s political class doesn’t compromise on a certain vector the country needs to maintain long term. Foreign investors [state and private agents] won’t be willing to come in, if they believe their investments will be at risk at the next election cycle, or if the chances for political instability and social upheaval are high. In recent years, Russia has been paying more attention to Africa, the northern states in particular, investing mostly in oil rigs and nuclear power plant deals. That’s one potential partner state with which the Mnangagwa administration should seek to do business.

Going back to Zimbabwe’s main trade partner, South Africa… that country is experiencing serious problems in rising criminality, and Ramaphosa’s land reform [confiscation without compensation] is bound to fail. In South Africa, since 1994, 21 percent of farms were put into Black African ownership. But more than 80 percent of those farms failed to remain economically active. If you ask Black farmers the reason for that miserable success rate, they blame the Government, and that’s absolutely true. That’s how you know it was a simulation of reform and not a legit effort behind it; because a singular reform, in and of itself, can’t be successful when everything else remains the same. In order to be a commercial success, an agribusiness requires access to infrastructure, to financial and physical capital, crop insurance, skilled labor, competent management, and access to markets capable of absorbing its output at a price which covers operation costs plus the markup.

South Africa [and Zimbabwe] needs a holistic approach to its national problems, and that means a combination of measures. Changing ownership doesn’t fix anything. The goal should be to decommodify land, which can be done via nationalization or [my personal preference] through site value taxation. Complementary measures should include: community land trusts, community banking, a national infrastructure investment plan, a national health care and education service, a national trade strategy, and last but not least, asset-side reform of the financial sector.

Reducing bureaucracy should be a priority as well. Currently, Zimbabwe is ranked 155th in 190 countries in the category of ‘ease of doing business.’ The more complex the laws and regulations are, the more wasteful and corrupt the system is. The State-dirigist method and Single Tax philosophy don’t require more time spent between citizen and bureaucrat, quite the opposite!

After Mugabe’s land reform, Zimbabwe isn’t out of the woods, and its population is growing too.

Using the printing press without any regard to budgetary rules, without any clear goal in mind, will only make the situation worse. The Zimbabwean Dollar [RTGS], in order to appreciate in value, requires a combination of tighter supply and higher demand for it. The Government’s specialists need to determine the country’s potential output vis-a-vis actual output and adjust fiscal policy in consequence. A negative output gap occurs when actual output is less than what the economy can produce at full capacity – while a positive output gap is the reverse and is inflationary.

The Government should aim for a near zero fiscal deficit; should temporarily ban the importation of luxury items, at least for a few years if not several years; should prioritize the importation of vital commodities – fuel, water, pharmaceuticals, grain, milk, and the like. The Central Bank should be ordered to run permanent zero interest rate policy. Reduced interest payments into the economy means a smaller supply of Zimbabwean currency. And the Government should only accept RTGS in payment of its exports, and it should only guarantee bank deposits denominated in RTGS. This combo would be sufficient to halt inflation, bring price stability and political confidence in state institutions and fuel hope for a better tomorrow.

Published:7/16/2019 6:46:41 PM
[worldNews] R. Kelly pleads not guilty, denied bail on U.S. charges of sex crimes R&B singer R. Kelly pleaded not guilty on Tuesday to a raft of federal charges accusing him of running a scheme to force women and girls to provide sex for himself and others, and a judge ordered that he remain in jail without bail.
Published:7/16/2019 6:46:41 PM
[TC] iOS and Android are about to get a bunch of new emoji Tomorrow is World Emoji Day. Why is there a World Emoji Day? No idea! But it’s tomorrow! To recognize the day, Apple and Google have both shed some light on their plans regarding new emoji coming to their operating systems in the coming months. Both companies are adding around 60 new emoji in all, from […] Published:7/16/2019 6:46:41 PM
[a123cc18-4ba3-53ab-b054-e74329c89d6b] Sarah Hyland and Wells Adams are engaged Sarah Hyland and Wells Adams are getting married.  Published:7/16/2019 6:46:41 PM
[] Squad Goals!: Democrats Will Be Forced to Vote on Impeachment, Which Is What Nancy Pelosi Was Hoping to Avoid I agree with the Squad on this, and not in an ironic way, either: I'm tired of the establishment of either party (actually, two wings of the same overparty) deciding which debates will be permitted to be had publicly and... Published:7/16/2019 6:46:41 PM
[Entertainment] Amy Schumer shares Emmy nod with her baby son, 'We were both on stage during filming' After receiving an Emmy nomination for her Netflix special "Growing," Amy Schumer shouted out her littlest co-star, her baby son Gene.
      
Published:7/16/2019 6:08:16 PM
[The Blog] Morning Consult: Biden keeps on keepin’ on

Three tiers, no waiting.

The post Morning Consult: Biden keeps on keepin’ on appeared first on Hot Air.

Published:7/16/2019 6:08:16 PM
[Politics] Buttigieg Raises More in NYC Than de Blasio Does Nationwide South Bend, Indiana Mayor Pete Buttigieg has received more campaign money from New Yorkers than New York City Mayor Bill de Blasio has raised nationwide, according to the New York Post. Published:7/16/2019 6:08:16 PM
[Politics] Bass (D): I ‘Absolutely’ Believe Trump Will Have Blood on His Hands for ‘Racist’ Tweets

Rep. Karen Bass (D., Calif.) on Tuesday responded in the affirmative that President Donald Trump will have "blood on his hands" if anyone commits a "racially inspired attack" because of his tweets aimed at Rep. Alexandria Ocasio-Cortez (D., N.Y.) and the three other female progressive Democrats known as "the squad." Bass appeared on MSNBC's Deadline: ...

The post Bass (D): I ‘Absolutely’ Believe Trump Will Have Blood on His Hands for ‘Racist’ Tweets appeared first on Washington Free Beacon.

Published:7/16/2019 6:08:16 PM
[Politics] EDITORIAL: Why Trump is WRONG about Turkey and the F-35s Tom Rogan, a foreign policy focused commentary writer for the Washington Examiner, has published a piece explaining why Trump is wrong about the missed business opportunity he lamented earlier today with respect . . . Published:7/16/2019 6:08:16 PM
[worldNews] U.S. imposes sanctions on Myanmar commander in chief over Rohingya abuses The United States on Tuesday announced sanctions on the Myanmar military's Commander-in-Chief Min Aung Hlaing and other military leaders it said were responsible for extrajudicial killings of Rohingya Muslims, barring them from entry to the United States.
Published:7/16/2019 6:08:16 PM
[Uncategorized] Planned Parenthood aborts Leana Wen’s presidency in its 44th week Planned Parenthood will be kept comfortable as its future direction is discussed. Published:7/16/2019 6:08:16 PM
[topics:places/iran] Nazanin Zaghari-Radcliffe transferred to hospital mental ward, says husband Published:7/16/2019 6:08:16 PM
[Markets] Iran Claims It Rescued "Missing" UAE Tanker After US Said IRGC "Forced" It Toward Iran

The saga of the UAE "mystery" tanker which seems to have disappeared after its transponder went dark late Saturday night, and which no one has heard from since it drifted toward Iranian waters in the Strait of Hormuz over the weekend, has deepened after Iran contradicted US media reports of IRGC involvement. 

The semi-official news agency ISNA said hours after initial reports on Tuesday suggested Iran's military "forced" the vessel into Iranian waters that Iranian navy vessels actually came to the assistance of the disabled foreign oil tanker. The statement indicated the vessel was partially disabled and in desperate need of repairs. 

"(Spokesman) Abbas Mousavi said... that an international oil tanker was in trouble due to a technical fault in the Persian Gulf... After receiving a request for assistance, Iranian forces approached it and used a tugboat to pull it toward Iranian waters for the necessary repairs to be carried out," ISNA said, as cited by Reuters

UAE-owned oil tanker Riah, via The Daily Mail

The AP reported how it all started over the weekend:

Tracking data shows an oil tanker based in the United Arab Emirates traveling through the Strait of Hormuz drifted off into Iranian waters and stopped transmitting its location over two days ago, raising concerns Tuesday about its status amid heightened tensions between Iran and the U.S.

The report detailed that the Riah, a 58-meter oil tanker which operates frequently in the region, switched off its transponder for the first time in three months after 11pm on Saturday, based on tracking data. 

As of Monday "red flags" were raised as US officials began inquiring of the Riah's status. CNN's Pentagon correspondent Barbarra Starr had this to say based on intelligence sources: "US intel increasingly believes UAE tanker MT RIAH forced into Iranian waters over the weekend by #IRGC naval forces. UAE isn't talking."

Via Marine Traffic/The Daily Mail

Summarizing the statements of anonymous US intelligence and defense officials, the Jerusalem Post reported:

US officials believe that the Panama flagged tanker M/I RIAH was seized by the Iranian Revolutionary Guard on Saturday night, when it was crossing the Strait of Hormuz in international waters. Information from the US intelligence agency indicated that the IRGC troops forced the tanker to enter Iranian territorial waters before withdrawing the vessel to Iran's Qeshm Island.

However, this could be another case of hawkish US intelligence and defense officials hyping a false threat. Starr continued based on her source: "Some Gulf sources say ship simply broke down/towed by Iran. US says though no contact with crew. Last location Qesham Island."

Following the UK's controversial and aggressive move to seize a tanker carrying 2 million barrels of Iranian oil of Gibraltar earlier this month, Tehran's military has threatened to in turn intercept UK vessels.

This also comes after repeat pledges over the past year by Iran's leaders following a US sanctions campaign that if Iran is blocked from exporting its oil out of the gulf then no country would be able to traverse the vital oil shipping lanes either. 

The question remains: is this yet another knee-jerk attempt of US officials to immediately "blame Iran" in order to ramp up pressure? Could the "missing" UAE vessel just be the result of an accident or being disabled at sea? 

Published:7/16/2019 6:08:16 PM
[Politics] Planned Parenthood FIRES their new CEO after just 10 months… Leana Wen didn’t even make it a full year as CEO of Planned Parenthood before baby killing organization just aborted her career in a ‘secret meeting’. Sounds a bit ‘Unplanned’ to me: . . . Published:7/16/2019 5:39:30 PM
[Issues] ATF Announces Campaign to Crack Down on Straw Purchases in Baltimore

The Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), a gun industry trade group, and local law enforcement announced an initiative targeting illegal straw purchases in Baltimore on Thursday.

The post ATF Announces Campaign to Crack Down on Straw Purchases in Baltimore appeared first on Washington Free Beacon.

Published:7/16/2019 5:39:30 PM
[106c65c5-ddaf-5cfb-9d38-eb663c4f12dd] 'Bachelor' creator Mike Fleiss accused of attacking pregnant wife, demanding she get abortion: docs Laura Fleiss -- wife of "The Bachelor" and "The Bachelorette" creator Mike Fleiss -- has been granted a temporary restraining order against him following claims he attacked her at their Hawaii home after he allegedly "demanded" she get an abortion, according to court documents.  Published:7/16/2019 5:39:30 PM
[Entertainment] Gretchen Rossi Fires Back After Being Criticized for Not Sharing Photos of Baby Gretchen Rossi Gretchen Rossi is sending a message to her haters. The Real Housewives of Orange County alum, who welcomed daughter Skylar Gray with beau Slade Smiley last week, returned to social media...
Published:7/16/2019 5:39:30 PM
[Columnists] Women’s Soccer Team More Proof the Left Ruins Everything It Touches

For the first time in my life, I did not root for an American team. Whatever the sport, I have always rooted American. But if... Read More

The post Women’s Soccer Team More Proof the Left Ruins Everything It Touches appeared first on The Daily Signal.

Published:7/16/2019 5:39:30 PM
[US News] ‘Are you kidding me!?’ Hey, who’s up for a lecture on ‘true patriotism’ from Ilhan Omar? [video]

"You are literally the LAST person I want to hear from about patriotism."

The post ‘Are you kidding me!?’ Hey, who’s up for a lecture on ‘true patriotism’ from Ilhan Omar? [video] appeared first on twitchy.com.

Published:7/16/2019 5:39:30 PM
[worldNews] U.S., Iran send conflicting signals on their disputes Iran and the United States sent mixed signals on Tuesday about resolving their disputes as Iran's supreme leader threatened to further breach the 2015 nuclear deal while the U.S. president cited "a lot of progress."
Published:7/16/2019 5:39:30 PM
[Markets] Dow Jones Futures: Two Big Earnings Movers Late; Lawmakers Hammer Big Tech Stock futures: The market rally stalled Tuesday on President Trump's China trade war threat. United Airlines and CSX moved late on earnings. Lawmakers continued to grill Facebook, Apple and Amazon. Published:7/16/2019 5:39:30 PM
[Markets] Trump To Turkey: "We're Not Going To Sell You The F-35" After Russian Missile Purchase

Turkish President Recep Tayyip Erdogan celebrated the delivery of the first S-400 anti-air missiles on Tuesday, even going so far as to suggest that Turkey and Russia (the system is made by Russian defense contractor Almaz-Almaty) might collaborate on building weapons. But across the Atlantic, President Trump was less than amused.

Washington has repeatedly insisted that if Turkey bought the S-400 over a steeply discounted Patriot missile system, that the US would block the sale of Lockheed Martin's F-35 fighter jets - and unprecedented punishment for a NATO member. And as it turns out, that's exactly what President Trump is planning to do.

Trump

During a Cabinet meeting on Tuesday, Trump said "we are now telling Turkey...we're not going to sell you the F-35 fighter jets."

Trump added: "It’s a very tough situation that they’re in. And it’s a very tough situation that we’ve been placed in the United States," Trump said. "With all of that being said, we’re working through it. We’ll see what happens, but it’s not really fair."

But Trump was mum on a more pressing issue: Whether Washington will subject Ankara to sanctions under the Countering America’s Adversaries Through Sanctions Act, or CAATSA. While Erdogan has suggested that Trump would find a way to avoid the sanctions, last year, Congress set a high bar for waiving sanctions under CAATSA.

And what's more, if Washington doesn't make an example of Ankara, it could have a full-blown mutiny on its hands, as New Delhi is also eyeing the S-400.

Trump isn't the only senior US official talking tough about the S-400. During his Senate Armed Services Committee confirmation hearing, Esper said that he has told his Turkish counterpart that "you can either have the S-400 or the F-35, you cannot have both."

But who knows? Maybe one one-on-one phone call between Erdogan and Trump will resolve everything.

Published:7/16/2019 5:39:30 PM
[Politics] Pelosi Runs Afoul of House Rules in Calling Trump Tweets Racist House Speaker Nancy Pelosi suffered an embarrassing setback Tuesday after Republicans called her out for violating the chamber's rules by saying President Donald Trump's comments about four freshman House members were racist."These comments from the White House are... Published:7/16/2019 5:39:30 PM
[World] Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes Published:7/16/2019 5:39:30 PM
[] Mark Sanford, Who Abandoned His State to Dally with His Mistress in Argentina, Ponders Running Against Trump in the GOP Primary The Valparaiso Vagabundo, the Buenos Aires Aranador is a real attractive candidate for the Morality Police who pretend to be Republicans, such as Noted Marriage Advocate Charlie Sykes. Former South Carolina congressman Mark Sanford is considering launching a bid for... Published:7/16/2019 5:39:30 PM
[Entertainment] Harry Styles Is Rumored to Play Prince Eric in The Little Mermaid Live-Action Remake The Little Mermaid, Prince Eric, Harry StylesWill Harry Styles be part of Disney's world? Fans are crossing their fingers! There's industry chatter that the former One Direction member is early in talks to play the iconic...
Published:7/16/2019 5:09:18 PM
[Uncategorized] Arrest Made in Gruesome Murder of Louisiana Civil Rights Activist, Sadie Roberts-Joseph Ronn Jermaine Bell has a lengthy rap sheet, but police are not yet suggesting an alleged motive Published:7/16/2019 5:09:18 PM
[Politics] Women for Trump at Pa. Rally: ‘Four More Years’

Approximately 1,000 women donning Make America Great Again hats, patriotic apparel, and waving flags chanted "four more years" and "USA, USA" at the official launch of the Woman for Trump rally in Pennsylvania on Tuesday.

The post Women for Trump at Pa. Rally: ‘Four More Years’ appeared first on Washington Free Beacon.

Published:7/16/2019 5:09:18 PM
[Politics] McConnell says all sides should lower ‘temperature’ over Trump comments ?Senate Majority Leader Mitch McConnell on Tuesday ?defended President Trump ?from accusations of racism after his “go back” ?to where you came from ?tweets about four minority Democrats. “The president is not a racist,” McConnell told reporters at the Capitol. “And I think the tone of all of this is not good for the country.... Published:7/16/2019 5:09:18 PM
[Markets] Market Extra: Why Greece is selling new bonds at ‘risk-free’ levels akin to U.S. Treasurys Some are hedging their exposure in dollars for positive returns
Published:7/16/2019 5:09:17 PM
[worldNews] ACLU files suit to block Trump rule to stop asylum seekers The American Civil Liberties Union sued U.S. President Donald Trump's administration on Tuesday, challenging a sweeping new rule that would bar almost all migrants from seeking asylum at the southern border of the United States.
Published:7/16/2019 5:09:17 PM
[Politics] Planned Parenthood FIRES their new CEO after just 10 months… Leana Wen didn’t even make it a full year as CEO of Planned Parenthood before baby killing organization just aborted her career in a ‘secret meeting’. Sounds a bit ‘Unplanned’ to me: . . . Published:7/16/2019 5:09:17 PM
[Markets] Dow Jones Futures: Stock Market Rally Stalls; Apple, Facebook, United Airlines, CSX Active Late Stock futures: The market rally stalled Tuesday on President Trump's China trade war threat. United Airlines and CSX moved late on earnings. Lawmakers continued to grill Facebook, Apple and Amazon. Published:7/16/2019 5:09:17 PM
[Economy] Improper Payments Are Costing Taxpayers a Fortune

We all make mistakes, but most of us don’t make mistakes with billions of dollars of someone else’s money. We can easily forgive the drive-thru... Read More

The post Improper Payments Are Costing Taxpayers a Fortune appeared first on The Daily Signal.

Published:7/16/2019 5:09:17 PM
[The Blog] Humans. Have we reached “peak intelligence?”

Really? In 2019?

The post Humans. Have we reached “peak intelligence?” appeared first on Hot Air.

Published:7/16/2019 5:09:17 PM
[Entertainment] 25 years later, ‘The Lion King’ roars again (with Beyoncé) ‘The Lion King’ roars again, with a little help from new technology (and Beyoncé) Published:7/16/2019 5:09:17 PM
[Media] CNN, which attacked Trump’s summit of ‘right-wing extremists,’ hosts white nationalist Richard Spencer

So the same people fretting over Trump inviting "right-wing trolls" to the White House invite Richard Spencer on as a guest?

The post CNN, which attacked Trump’s summit of ‘right-wing extremists,’ hosts white nationalist Richard Spencer appeared first on twitchy.com.

Published:7/16/2019 5:09:17 PM
[Markets] Will The Multi-Polar World Be Backed By Gold?

Authored by Tom Luongo,

It’s not news that China and Russia have been buying gold by the hundreds of tonnes. It’s not news that Russia divested itself of most of its U.S. Treasury holdings last year in response to Donald Trump’s sanctions on Rusal, upsetting the global Aluminum market.

Russia has led the charge on central bank gold buying, having increased its official holdings from 400.3 tonnes in Q1 of 2007 to 2168.3 tonnes as of the end of Q1 2019. That’s a 442% increase in gold reserves.

China, on the other hand, has only in the past couple of years joined Russia’s party of announcing its gold buying on a monthly basis. Previously, China would simply drop a 500-600 tonne bomb on the markets and see what would shake out of it.

Now, few people who follow this stuff believe China’s government only owns 1916.3 tonnes of gold. Estimates range from 4000 to 6000 tonnes. Like Russia, very little of China’s domestic production of gold (404 tonnes in 2018) leaves China and makes its way into the global market.

It is mostly absorbed by the Chinese population via purchases off the Shanghai Gold Exchange (SGE). And the PBoC itself uses Chinese banks as proxies to buy its gold overseas from the U.K., Singapore and Switzerland.

Russia’s gold buying consumes most, and sometimes all, of Russia’s domestic production (297 tonnes in 2017). The same is true for Kazakhstan (68.4 tonnes) and a few other countries.

It’s easy when looking at these trends to see that something big may be on the horizon, that gold is on the verge of being re-monetized and a major shakeup to the world financial system is imminent.

That the multi-polar world is here. It’s not, but it’s coming.

The boys at The Duran had a fascinating (if a bit forward-looking) video recently where they discuss the situation brewing between the U.S. and China.

The basic thesis is that the U.S. and China are headed for a mostly amicable divorce of their economies, a disentangling as it were. And that that would then allow for the emergence of the so-called multi-polar world that both Russian President Vladimir Putin and Chinese Premier Xi Jinping are working towards.

On this point I don’t disagree. It’s a strong point Alex Mercouris makes here that the U.S. and China have acknowledged their growing contention in the global economy but that there is no need for a completely antagonistic relationship.

The U.S. doesn’t have to extend the unipolar moment into infinity to ‘win’ this ‘war’ with China. That is globalist thinking, maximalism to the extreme.

The U.S. and China can, strategically, disengage from each other while cultivating different paths for their futures. And this is the essence of the phrase ‘multi-polar.’ If that is Trump’s vision on this that is an improvement over the globalist Davos Crowd perspective so entrenched in Europe, which brooks no dissent from its Borg-like behavior.

It’s neither optimal nor likely but it sets a tone that will shift the future outcomes in the right direction. To do this Trump has to win re-election and be successful in confronting the Swamp via Jeffrey Epstein like I believe he’s doing.

However, and this is the bigger point coming back to gold, I do think Russia and China setting up their part of the multi-polar world based on a gold standard similar to Bretton-Woods is not workable.

There are a number of reasons for this but the main one is that Bretton-Woods never worked in the first place. The discipline of the reserve currency nation, the U.S., was never in observed. We violated the terms of the $35/ounce gold peg immediately.

First, by selling off the greatest hoard of silver ever amassed and then by simply printing the money during the Johnson and Nixon Administrations. It is insane to think that Russia and/or China will for any length of time exhibit any real fiscal discipline that would allow for a Bretton-Woods-style currency regime to work.

This is libertarian critique 101, folks. Just because the U.S. can’t keep its hand out of the cookie jar, doesn’t mean Russia post-Putin will. And the less said about the Chinese shadow banking bubble the better.

Moreover, the U.S. and the EU still have their gold reserves. Even if some or all of it has been lent out to suppress the price at times. I don’t believe that’s been the case since China opened up the Shanghai Gold Exchange and Russia began accumulating in earnest.

That would have put explosive upward pressure on the price of gold as thousands of tonnes would have had to be sourced to settle those positions. Instead, the U.S. and the EU were likely allowed to unwind any short positions over time which allowed years of annual production to flow east.

And this is the fundamental problem of a government-backed gold standard. It will not ever last. Governments create market interventions which have to be paid for via money printing or debt. And both of those things belie the discipline of the gold standard.

There is an infinite gap between the intention of China and Russia to build a multi-polar global financial system between East and West and the re-emergence of a gold-backed currency regime.

Because, for a moment, let’s get real about who owns what gold.

On the West side of the world we have the U.S., EU, BIS, the IMF and the Gulf states.

On the other side we have the central banks in the Russia/China orbit who are currently accumulating gold or are becoming independent actors on the world stage. It’s a bigger list than in the past twenty years, but that list is still small (The BRI Bloc (as defined by me herein) consists of the following countries: Russia, China, India, Iran, Iraq, Turkey, Qatar, Belarus, Uzbekistan, Tajikistan, Kyrgyzstan, Kazakhstan, Thailand, Malaysia, Serbia and Brazil).

Going through World Gold Council numbers for Q1 2019 we get the following numbers. Just over 7000 tonnes of gold for what I’m calling Eastern BRI Bloc, those countries that are both accumulating gold in their reserves and are important partners in China’s Belt and Road Initiative (BRI). It’s impressive that they have added more than 3000 tonnes over the past six-plus years.

Total Belt + Road Bloc Gold Holdings Still Dwarfed by U.S. Reserves.

However, that’s still less than the U.S.’s 8133.5 tonnes let alone the more than 10,000 tonnes that make up the reserves of the European Union countries and doesn’t include the 2814 tonnes owned by the IMF, the 504 tonnes owned by the ECB itself or the 102 tonnes owned by the Bank of International Settlements.

For any discussion of this bloc challenging the reserve status of the U.S. and European systems, There would have to be at least another 6000 tonnes available between China and Russia that are not on their official books to even being to make that argument look realistic.

Let’s use M1 money supply figures for a proxy of what gold backing would look like, just to get a lay of the land.

For all of the talk of the U.S.’s imminent bankruptcy, the gold reserves at current prices make up 9.6% of M1 at current prices ($1415/oz). China’s official gold reserves make up just 1.0% of M1. Even if you believe the upper end of China’s estimated real gold holdings it’s still only 3.3% of M1.

If you count the estimated 16,000 tonnes held privately in China and that was convertible into currency that would still only get China up to 12.2% backing of M1 with gold.

Russia is the closest there is to a gold-backed currency there is. The ruble by that metric (M1) 84.0% backed by Russia’s official gold reserves.

That is an eye-popping number and it tells you that the Russians have very prudently saved over the past fifteen years or so. They have built what we Austrian economists like to call a ‘pool of real savings’ to lever into higher order investments.

Russia is now ready to deploy a significant part of its trade surplus and even some of its pool of real savings to build new and needed infrastructure for Russia. Putin mentioned in his annual 4-hour direct line that he was ready to begin spending some of Russia’s oil revenues, drifting away from neoliberal and monetarist Alexei Kudrin and towards the nationalist/Keynesian Sergei Glazyev.

Given the state of Russia’s finances and a 10+ billion per month trade surplus, this is a no-brainer really. It’s their down-payment on the multi-polar world.

And it marks a specific shift in attitude which will assist China in building out Belt and Road but it will do nothing to allow for a return to any kind of gold standard until China gets its financial house in order.

To sum up, what killed Bretton-Woods was the same thing that killed the British pound post-WWI, a refusal to price gold accurately by the governments printing the money. Britain could have kept the gold standard and more of its empire had it re-valued the pound to reflect the money supply in 1918.

It didn’t and it destroyed the British post-war economy. The same thing is happening now. And the U.S. will either have to allow the world’s assets to plunge by 50-90% or allow the price of gold to rise to reflect the amount of money in circulation.

Given the numbers I just laid out that should give you an idea of just how much higher gold has to go to balance the books of the world. And no one in power, other than the Russians, are prepared for that kind of event.

Because until that happens there is no incentive for gold to circulate as money, or the discipline of the gold standard to be observed.

What China is doing, like Russia and the rest of the BRI Bloc, is they are building gold reserves to build the confidence of the world for the day when trust in the Western system fails. By having significant gold ‘backing’ but without convertibility those countries today adding to their rainy day funds will be the places capital will flow towards to avoid the whirlwind.

That is when the multi-polar world can be inaugurated.

*  *  *

Join my Patreon if you want to understand how to navigate the gold bull market.

Published:7/16/2019 5:09:17 PM
[Culture] Bring Back the Pledge! (John Hinderaker) On June 17, the City Council of St. Louis Park, Minnesota, a Minneapolis suburb, voted unanimously to stop reciting the Pledge of Allegiance before meetings. A city council member tied the decision to “some racial equity initiatives going on in the city of St. Louis Park” and suggested that the Pledge is political: [He] added that the meaning behind the tradition had changed since 1980, when city officials began saying Published:7/16/2019 5:09:17 PM
[World] Only a president like Trump can unify Democrats

Democrats need a president like Donald Trump to narrow their increasing internal splits.

Currently, Democrats' false unity from opposing Mr. Trump obscures their lack of internal cohesion. While vociferously proclaiming the solution to all of America's problems is Mr. Trump's departure, theirs would only increase. Today's Democrats need nothing less ... Published:7/16/2019 4:39:07 PM

[storytype:standard] British Museum trustee quits over BP sponsorship and 'immovability on looted treasure' Published:7/16/2019 4:39:07 PM
[Politics] Planned Parenthood Terminates Presidency After Eight Months

Planned Parenthood announced on Tuesday that it has removed Leana Wen as president, after less than a year in the job.

The post Planned Parenthood Terminates Presidency After Eight Months appeared first on Washington Free Beacon.

Published:7/16/2019 4:39:07 PM
[Policy] CES will allow sex tech on a one-year trial bias, and finally bans booth babes The Consumer Technology Association, the organization behind the annual Consumer Electronics Show, is slowly getting up to speed with the modern-day. Today, CTA announced it will allow sex tech startups to participate and compete for awards as part of the health and wellness category on a one-year trial basis. This comes after the CTA royally […] Published:7/16/2019 4:39:07 PM
[Markets] What Happened in the Stock Market Today See why J.B. Hunt soared and Domino's plunged on a down day for the broader markets. Published:7/16/2019 4:39:07 PM
[Politics] BREAKING: Speaker Pelosi just got smacked down by the House for using offensive language about Trump! Pelosi was trying to hold a House vote a little while ago to condemn Trump’s tweets, but all of that is on hold now because Rep. Doug Collins called her out on . . . Published:7/16/2019 4:39:07 PM
[Politics] Report: Omar Marriage Questions Rehashed From New Docs A fresh look at the marital history of Rep. Ilhan Omar, D-Minn,, and whether she once married a man, possibly her own brother, to skirt immigration laws has been prompted by documents released by a state agency, according to the Star Tribune. Published:7/16/2019 4:39:07 PM
[5b00c256-2ca8-53c5-be2c-ee3d310c0b54] Grimes reveals she underwent ‘experimental surgery’ to eliminate blue light from her vision Grimes may or may not be trolling us all at this point. Published:7/16/2019 4:39:07 PM
[Law] Deceased Navy Veteran’s Name Cleared in ‘Clean Water’ Case

After being convicted, fined, and imprisoned under the Clean Water Act for digging ponds to protect his Montana home from forest fires, Joe Robertson had... Read More

The post Deceased Navy Veteran’s Name Cleared in ‘Clean Water’ Case appeared first on The Daily Signal.

Published:7/16/2019 4:39:07 PM
[The Blog] Endgame: Beto now polling zero percent in New Hampshire, raised just $3.6 million in second quarter

Death watch.

The post Endgame: Beto now polling zero percent in New Hampshire, raised just $3.6 million in second quarter appeared first on Hot Air.

Published:7/16/2019 4:39:07 PM
[Markets] Trump Is Fueling A Tribal War In Nancy's House

Authored by Patrick Buchanan via Buchanan.org,

President Donald Trump’s playground taunt Sunday that “the Squad” of four new radical liberal House Democrats, all women of color, should “go back and help fix the totally broken and crime-infested places from which they came,” dominated Monday morning’s headlines.

Yet those headlines smothered the deeper story.

The Democrats are today using language to describe their own leaders that is similar to the language of the 1960s radicals who denounced Democratic segregationist governors like Ross Barnett and George Wallace.

Consider what the four women have been saying.

Alexandria Ocasio-Cortez has accused Speaker Nancy Pelosi of attacking “newly elected women of color.” Was she calling Pelosi a “racist”?

“No!” protested AOC. But it sure sounded like it.

AOC’s chief of staff Saikat Chakrabarti attacked Native American Rep. Sharice Davids for her vote on a Pelosi-backed bill that sent $4.6 billion in aid to the border but lacked the restrictions on Trump policies progressives had demanded.

Chakrabarti described Davids’ vote as “showing her … enable a racist system,” adding that some Democrats “seem hell bent to do to black and brown people what the old Southern Democrats did in the ’40s.”

The House Democratic Caucus ripped Chakrabarti, “Who is this guy and why is he explicitly singling out a Native American woman of color?”

At a Netroots Nation conference this weekend, African American Rep. Ayanna Pressley declared: “We don’t need any more brown faces that don’t want to be a brown voice. … We don’t need any more black faces that don’t want to be a black voice.”

This comes close to calling members of the Black Caucus “Uncle Toms.”

Monday, the president doubled down, tweeting:

“We all know that AOC and this crowd are a bunch of Communists, they hate Israel, they hate our own Country, they’re calling the guards along our Border (the Border Patrol Agents) Concentration Camp Guards, they accuse people who support Israel as doing it for the Benjamin’s”

The “Benjamins” recalls the accusation of Somali-born Ilhan Omar of Minnesota that the Israel Lobby buys the votes of members of Congress.

“It’s all about the Benjamins baby.”

Rashida Tlaib of Michigan is the other congresswoman in Trump’s sights. Together, the four have achieved a prominence that almost exceeds that of Majority Leader Steny Hoyer or Majority Whip James Clyburn.

The four — AOC, Tlaib, Pressley, Omar — have no clout in the Democratic caucus. But because of the confrontations they have caused and the controversy they have created, they have a massive media following.

Paradoxically, their interests in winning cheers as the fighting arm of the Democratic Party coincide with the interests of Donald Trump. He entertains and energizes his base by answering in kind their attacks on him and by adopting incendiary rhetoric of his own. He is now assuming the old “America! Love it or Leave it!” stance in going after the four women as anti-American ingrates.

They, by calling Trump a criminal, racist and fascist for whom impeachment proceedings should have begun months ago, elate and energize the outraged left of their party.

Among the presidential candidates, some have begun to side with the four, with Bernie Sanders saying Pelosi has been “a little” too tough on them.

On “Meet the Press,” Bernie added: “You cannot ignore the young people of this country who are passionate about economic and racial and social and environmental justice. You’ve got to bring them in, not alienate them.”

Trump’s Sunday attack forced Pelosi to stand with her severest critics, and she re-elevated the race issue with this tweet: “When Trump tells four American Congresswomen to go back to their countries, he reaffirms his plan to ‘Make America Great Again’ has always been about making America white again.”

Do Democrats believe that refighting the racial battles of the 1960s that were thought to have been resolved is a winning hand in 2020?

Does Pelosi think that demeaning white America is going to rally white or minority Americans to Democratic banners?

The race issue had already arisen in the first debate when Sen. Kamala Harris called out front-runner Joe Biden for befriending segregationist Senate colleagues in the ’70s and ’80s, and for colluding with them to block court-ordered busing to achieve racial balance in the public schools.

Observing the clash between Trump and these women, the rank and file of the Democratic Party are being forced to take sides. Many will inevitably side with the fighters, as Democratic moderates appear timid and tepid.

Trump is driving a wedge right through the Democratic Party, between its moderate and militant wings. With his attacks over the last 48 hours, Trump has signaled whom he prefers as his opponent in 2020. It is not Biden; it is “the Squad.”

Sunday, Pelosi recited again her mantra, “Diversity is our strength; unity is our power.” It sounded less like a proclamation than a plea.

We see the diversity. Where is the unity?

Published:7/16/2019 4:39:07 PM
[worldNews] Pompeo to visit four Latin American nations in security, migration push U.S. Secretary of State Mike Pompeo will visit four Latin American countries this week, with a focus on Venezuela's crisis, the surge of migrants at the U.S. southern border, and more security cooperation, U.S. officials said on Tuesday.
Published:7/16/2019 4:39:07 PM
[US News] Breaking: Rep. Al Green says he’s introducing articles of impeachment — again — tonight

We have literally lost track of how many times Rep. Al Green has introduced articles of impeachment.

The post Breaking: Rep. Al Green says he’s introducing articles of impeachment — again — tonight appeared first on twitchy.com.

Published:7/16/2019 4:39:07 PM
[Markets] The New York Post: Jeffrey Epstein assets listed in financial disclosure form filed by lawyers add up to value of $559,120,954 The single-page document had been kept under seal away from the public until the Manhattan federal judge overseeing Epstein’s sex-trafficking case released it Monday, dismissing it as “cursory.”
Published:7/16/2019 4:39:07 PM
[Entertainment] ‘Game of Thrones’ looks ready for a coronation after dominating Emmy nominations The Television Academy also delivered a drama-filled comedy category, set up "When They See Us" as the miniseries to beat and snubbed some major stars. Published:7/16/2019 4:39:07 PM
[] Peter Thiel: Google May be Infiltrated by Chinese Intelligence He says Google must answer three questions: "Number one: How many foreign intelligence agencies have infiltrated your Manhattan Project for AI (artificial intelligence)?" Thiel reportedly asked. "Number two: Does Google?s senior management consider itself to have been thoroughly infiltrated by... Published:7/16/2019 4:39:07 PM
[Entertainment] Fla. expert captures alligator at Chicago lagoon An alligator expert from Florida has caught Chicago's elusive Chance the Snapper just 36 hours after arriving in Illinois. (July 16)
      
Published:7/16/2019 4:09:55 PM
[Politics] Democratic Challenge to Tom Cotton Off to Dismal Start

The only Democratic challenge announced thus far to Republican senator Tom Cotton's reelection in Arkansas is off to a rocky start, at least where fundraising is concerned.

The post Democratic Challenge to Tom Cotton Off to Dismal Start appeared first on Washington Free Beacon.

Published:7/16/2019 4:09:55 PM
[Entertainment] All the Times Hannah Brown Proved She's the Clapback Queen of Bachelor Nation Hannah Brown/Peter Weber, BacheloretteHannah Brown is not afraid to speak her mind. The Bachelorette star has had fans cheering for her clapbacks this season, both on and off the screen. During the reality show's infamous...
Published:7/16/2019 4:09:55 PM
[The Blog] DoJ: No charges against police officer in Garner chokehold death

Civil Rights Division objected?

The post DoJ: No charges against police officer in Garner chokehold death appeared first on Hot Air.

Published:7/16/2019 4:09:55 PM
[Politics] Schumer Backs Slavery Reparations Study Senate Minority Leader Chuck Schumer, D-N.Y., will support the bill to study reparations for slavery and discrimination, according to BuzzFeed News. Published:7/16/2019 4:09:55 PM
[storytype:standard] Jeffrey Epstein 'abused a woman while on work release' claims lawyer Published:7/16/2019 4:09:55 PM
[US News] Sen. Mazie Hirono calls Trump’s social media summit ‘a rogues gallery of social media’s leading racists’

President Trump's social media summit has really gotten under the skin of Democrats and "real" journalists.

The post Sen. Mazie Hirono calls Trump’s social media summit ‘a rogues gallery of social media’s leading racists’ appeared first on twitchy.com.

Published:7/16/2019 4:09:55 PM
[Markets] The Dow Slipped 24 Points Because More China Tariffs Are Back in Play The three main U.S. stock indexes all drifted lower on Tuesday after President Donald Trump said at a White House cabinet meeting that he could impose more tariffs on Chinese imports if he wanted. Big banks reported better-than-expected earnings for the second quarter. Published:7/16/2019 4:09:55 PM
[Politics] Americans Are the Real Casualties of the Trump-‘Squad’ Showdown

Many Americans probably have no idea of the long history of the “go back to your country” taunt and how it was used to denigrate... Read More

The post Americans Are the Real Casualties of the Trump-‘Squad’ Showdown appeared first on The Daily Signal.

Published:7/16/2019 4:09:55 PM
[worldNews] Puerto Rico governor vows to remain in office after violent protests Puerto Rico Governor Ricardo Rossello said on Tuesday he will stay in office despite protests calling for his resignation that turned violent overnight.
Published:7/16/2019 4:09:54 PM
[8VC] Peter Thiel’s Attack on Google’s ‘Treason’ Is Confusing and Sort of a Double Standard Thiel's Palantir co-founder said Google's 'treasonous' act is an open secret in Silicon Valley. Published:7/16/2019 4:09:54 PM
[Politics] BREAKING: Speaker Pelosi just got smacked down by the House for using offensive language about Trump! Pelosi was trying to hold a House vote a little while ago to condemn Trump’s tweets but all of that’s on hold now because Rep. Doug Collins threw called her out on . . . Published:7/16/2019 4:09:54 PM
[Markets] NATO Affiliate 'Accidentally' Reveals Locations Of 150 US Nuclear Weapons In Europe

A NATO-affiliated body accidentally published a document which revealed the locations of US nuclear weapons throughout Europe, according to the Washington PostThe document was subsequently deleted and replaced with a final version of the report which omits where US bombs are stored. 

A version of the document, titled “A new era for nuclear deterrence? Modernisation, arms control and allied nuclear forces,” was published in April. Written by a Canadian senator for the Defense and Security Committee of the NATO Parliamentary Assembly, the report assessed the future of the organization’s nuclear deterrence policy.

But what would make news months later is a passing reference that appeared to reveal the location of roughly 150 U.S. nuclear weapons being stored in Europe. -Washington Post

A copy of the document was published Tuesday by Belgian newspaper De Morgen, which reads "These bombs are stored at six US and European bases — Kleine Brogel in Belgium, Büchel in Germany, Aviano and Ghedi-Torre in Italy, Volkel in The Netherlands, and Incirlik in Turkey." 

As a matter of practice, neither the US nor its European partners disucss the location of America's nuclear weapons on the continent. 

"We do not comment on the details of NATO’s nuclear posture," said a NATO official cited by the Post, who added "This is not an official NATO document."

A number of European outlets, however, viewed the report as confirmation of an open secret. “Finally in black and white: There are American nuclear weapons in Belgium,” ran the report in De Morgen. “NATO reveals the Netherlands’s worst-kept secret,” said Dutch broadcaster RTL News.

The presence of U.S. nuclear weapons in Europe was indeed “no surprise,” Kingston Reif, director for disarmament and threat-reduction policy at the Arms Control Association, said in an email. “This has long been fairly open knowledge.” -Washington Post

And while there has never been an official disclosure of this nature regarding the US stockpiles, a diplomatic cable from a US ambassador to Germany revealed concerns over how long the weapons would be stored. 

"A withdrawal of nuclear weapons from Germany and perhaps from Belgium and the Netherlands could make it very difficult politically for Turkey to maintain its own stockpile," reads the November 2009 memo written by then-US Ambassador Philip Murphy. 

As the Post notes, the placement of US weapons around Europe stems from an agreement reached during the 1960s, designed as both a Cold War deterrent to the Soviet Union, as well as to convince European nations that they don't need to develop their own nuclear weapons programs. 

But times have changed. In 2016, after a coup attempt and the rapid spread of the Islamic State extremist group next door, analysts openly wondered whether Turkey was really such a great place to store nuclear weapons.

Meanwhile, near Germany’s Büchel air base, the failure of arms-control treaties with Russia has prompted fears about a new arms race. -Washington Post

"The military mission for which these weapons were originally intended — stopping a Soviet invasion of Western Europe because of inferior U.S. and NATO conventional forces — no longer exists," according to Reif. 

Published:7/16/2019 4:09:54 PM
[Markets] Deep Dive: 3 stocks that can make you money despite a trade war or recession Brian Beitner of Chautauqua Capital Management names three companies he believes can easily navigate rough waters.
Published:7/16/2019 4:09:54 PM
[Entertainment] Ariana Grande Finally Gets Her Grammy 5 Months After Her Big Win Ariana Grande, costumesCongratulations are in order for Ariana Grande. While the 26-year-old singer won her first Grammy five months ago, she didn't receive her trophy until today. The artist...
Published:7/16/2019 3:37:50 PM
[Column] Retail role play Retail isn’t dying, it’s evolving. How democratizing data access is changing the rules -- and roles -- for both brands and merchants. Published:7/16/2019 3:37:49 PM
[b00efeb5-c9cf-5e78-8b3f-9615cc925ffb] R. Kelly ordered held without bond on sex crime charges A federal judge has ordered R&B singer R. Kelly held in a Chicago jail without bond on sex crime charges. Published:7/16/2019 3:37:49 PM
[Politics] Federal Judge PERMANENTLY blocks Trump from adding citizenship question to Census A federal judge has now permanently blocked the Trump administration from adding the citizenship question to the 2020 census: CNN – A New York federal judge has issued an order definitively blocking . . . Published:7/16/2019 3:37:49 PM
[Politics] Federal Judge PERMANENTLY blocks Trump from adding citizenship question to Census A federal judge has now permanently blocked the Trump administration from adding the citizenship question to the 2020 census: CNN – A New York federal judge has issued an order definitively blocking . . . Published:7/16/2019 3:37:49 PM
[worldNews] Iran says it came to help of disabled foreign oil tanker in the Gulf Iranian navy vessels came to the assistance of a disabled foreign oil tanker in the Gulf that needed repairs, Iran's foreign ministry spokesman was quoted as saying on Tuesday by the semi-official news agency ISNA.
Published:7/16/2019 3:37:49 PM
[World] Saudi Arabia Now Controls North America’s Largest Refinery Ahead of its expected IPO, Kingdom-owned Aramco now has 100 percent stake in this Texas facility. Published:7/16/2019 3:37:49 PM
[Markets] Stocks close down after Trump says ‘a long way to go’ on trade and investors digest bank earnings U.S. stocks retreat Tuesday as investors digest trade war talk and a trio of bank earnings, a day after major equity indexes eked out a round of fresh all-time closing highs Monday Published:7/16/2019 3:37:49 PM
[Entertainment] The 7 most pleasant surprises of the Emmy nominations, from ‘Schitt’s Creek’ nods to a sweep from ‘When They See Us’ Plus a strong showing from Phoebe Waller-Bridge's series, "Fleabag" and "Killing Eve." Published:7/16/2019 3:37:49 PM
[Planned Parenthood] ‘Their body, their choice’: Planned Parenthood has prematurely terminated president Leana Wen

"I mean they really discontinued her term abruptly. Didn't even consent with her. She was there about 9 months and they just terminated her."

The post ‘Their body, their choice’: Planned Parenthood has prematurely terminated president Leana Wen appeared first on twitchy.com.

Published:7/16/2019 3:37:49 PM
[storytype:standard] Theatre ushers now wear body-cameras to record growing number of aggressive incidents Published:7/16/2019 3:37:49 PM
[eCommerce] Amazon Prime Day sees competition from more than expected number of retailers Amazon’s Prime Day continues to gain competition from rival retailers piggybacking on the annual event with their own sales. Ahead of this year’s Prime Day, RetailMeNot had forecast that this year’s sale would see competition from 250 retailers. Today, the firm upped this figure to over 300, saying it found that more retailers than earlier […] Published:7/16/2019 3:10:37 PM
[Entertainment] Jay-Z, Blue Ivy, Kendrick Lamar appear on new Beyonce album Beyonce’s new album inspired by “The Lion King” features collaborations with husband Jay-Z and daughter Blue Ivy Carter Published:7/16/2019 3:10:37 PM
[Markets] The Moneyist: I treated my girlfriend to a vacation for paying off her car loan — how do I convince her to pay off her student debt? ‘Are these major red flags or is it just a matter of financial literacy?’
Published:7/16/2019 3:10:37 PM
[topics:places/new-zealand] First the Cricket World Cup, now England takes New Zealand's steepest street crown in equally controversial fashion  Published:7/16/2019 3:10:37 PM
[worldNews] Peru ex-president Toledo arrested in U.S. as prosecutor seeks extradition Former Peruvian President Alejandro Toledo was arrested in the United States under an extradition order on Tuesday, the South American country's public prosecutor's office said in a post on its official Twitter account.
Published:7/16/2019 3:10:37 PM
[The Blog] Sanders: You bet I’ll be breaking up the tech giants

Throw down the tech patriarchy

The post Sanders: You bet I’ll be breaking up the tech giants appeared first on Hot Air.

Published:7/16/2019 3:10:37 PM
[Politics] WATCH: Kevin McCarthy and Mitch McConnell DEFEND Trump against racist accusations Both Kevin McCarthy and Mitch McConnell defended Trump today against accusations of racism from Democrats and media everywhere. First up, Kevin McCarthy:   And here’s Mitch McConnell: “The president is not a . . . Published:7/16/2019 3:10:37 PM
[Markets] Turbocharged Trannies Outperform As Semis Suffered; Crude & Cryptos Crash

If Trump is Tariff-Man, then Powell is Rocket-Man, sending stocks to the moon Alice (but today his chatter could not hold markets green)...

 

Trump tamped down stocks by raising concerns about the China trade truce, Powell promised to save the world in a speech in Paris... but it wasn't enough...

 

S&P broke a 5-day win streak but Nasdaq was worst on the day with Trannies soaring...

 

FANG Stocks appears to have hit the wall again...

 

 

German stocks dominated Europe's continued dip-buying bounce...

 

But Chinese stocks went nowhere after Monday's mysterious panic bid...

 

Credit markets decompressed notably on the day (though rallied back a little in the afternoon)...

 

Treasury yields were up 2-3bps across the curve today but 30Y remains lower (in yield) on the week...

 

The dollar surged back up near last week's Powell comments levels...

 

Cryptos were clubbed today as the Facebook Libra hearings raised the specter of further regulatory panic among US lawmakers...Ethereum has bloodbath'd down almost 30% since Friday...

 

With Bitcoin battered back below $10k, near one-month lows...

 

Big day for silver as crude prices were pummeled...

 

Oil prices plummeted as positive words from Pompeo on Iran derisked any geopol premium in crude...

 

Gold was down on the day but futures remained above $1400...

 

Silver is dramatically outperforming gold (after the ratio hit 26 year highs)

 

Finally, Deutsche is not Lehman, ok!

And Tesla is not Enron.

And 2019 is not 1998...

Trade accordingly.

Published:7/16/2019 3:10:37 PM
[Markets] Stocks end lower, retreating from records after Trump stokes trade uncertainty Stocks end lower, retreating from records after Trump stokes trade uncertainty Published:7/16/2019 3:10:37 PM
[Media] ‘Houston, we have a problem’: DC news outlet ultimately aborts mission after attempting to commemorate Apollo 11 [screenshots]

"Can't stop laughing."

The post ‘Houston, we have a problem’: DC news outlet ultimately aborts mission after attempting to commemorate Apollo 11 [screenshots] appeared first on twitchy.com.

Published:7/16/2019 3:10:37 PM
[c8eae790-5bc2-5d04-bd02-067df3b174ff] Chip and Joanna Gaines’ 1-year-old son, Crew, takes his first steps: 'It was a good day!' Chip and Joanna Gaines’ youngest child has officially taken his first steps.  Published:7/16/2019 3:10:37 PM
[Markets] US STOCKS SNAPSHOT-U.S. stocks end lower on concerns about bank earnings, trade Published:7/16/2019 3:10:37 PM
[Hispanic Society Museum] Next Year’s Winter Show to Feature an Exhibition of Masterpieces by El Greco and Vela´zquez Think of these painters from the Spanish Golden Age as a prescription against seasonal affective disorder. Published:7/16/2019 3:10:36 PM
[Ilhan Omar] Loose threads in the curious case (10) (Scott Johnson) Given the elevated attention President Trump has devoted to Ilhan Omar, the Drudge Report now links to the June 23 page-one Star Tribune story by Patrick Coolican and Stephen Montemayor under the awkward headline “New documents revisit questions about Rep. Ilhan Omar’s marriage history.” The Star Tribune story provides mainstream validation to points we have made here repeatedly over the past three years, including the points we made in our Published:7/16/2019 3:10:36 PM
[] Poll: The Public is Defining the Democrat Party by Alexandria Donkey-Chompers, and the Public Loathes Alexandria Donkey-Chompers Panic time? Top Democrats are circulating a poll showing that one of the House's most progressive members ? Rep. Alexandria Ocasio-Cortez ? has become a definitional face for the party with a crucial group of swing voters. ... "If all... Published:7/16/2019 3:10:36 PM
[World] How tariffs threaten to undo what Donald Trump has accomplished

When it comes to international trade, China has long been up to no good. It steals our intellectual property, puts up barriers to make it harder for American companies to sell their products in China, and subsidizes its own products in an attempt to tilt the game board in its ... Published:7/16/2019 2:38:11 PM

[TC] Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security A Swiss regulatory agency that Facebook executive David Marcus said in Congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report. Highlights from Facebook’s Libra Senate hearing CNBC is reporting that the Swiss Federal Data Protection and […] Published:7/16/2019 2:38:11 PM
[Politics] Graham Challenger Takes In Over $15,000 From Lobbyists

Democrat Jaime Harrison, a well-connected former corporate lobbyist running to unseat Republican senator Lindsey Graham in South Carolina, received over $15,000 from at least two dozen lobbyists during the second quarter of 2019. 

The post Graham Challenger Takes In Over $15,000 From Lobbyists appeared first on Washington Free Beacon.

Published:7/16/2019 2:38:11 PM
[Media] ‘White power poetry’? David French has apparently inspired the second coming of Walt Whitman [screenshots]

"What that 'poem' lacks in moral virtue, it also lacks in artistic value. Utter sh*t."

The post ‘White power poetry’? David French has apparently inspired the second coming of Walt Whitman [screenshots] appeared first on twitchy.com.

Published:7/16/2019 2:38:11 PM
[The Blog] House to vote on resolution condemning Trump for “go back” tweets this afternoon

Censure.

The post House to vote on resolution condemning Trump for “go back” tweets this afternoon appeared first on Hot Air.

Published:7/16/2019 2:38:11 PM
[Markets] Johnstone: New CNN Assange Smear Piece Is Amazingly Dishonest, Even For CNN

Authored by Caitlin Johnstone via Medium.com,

CNN has published an unbelievably brazen and dishonest smear piece on Julian Assange, easily the most egregious article of its kind since the notoriously bogus Assange-Manafort report by The Guardian last year. It contains none of the “exclusive” documents which it claims substantiate its smears, relying solely on vague unsubstantiated assertions and easily debunked lies to paint the WikiLeaks founder in a negative light.

And let’s be clear right off the bat, it is most certainly a smear piece. The article, titled “Exclusive: Security reports reveal how Assange turned an embassy into a command post for election meddling”, admits that it exists for the sole purpose of tarnishing Assange’s reputation when it reports, with no evidence whatsoever, that while at the Ecuadorian embassy Assange once “smeared feces on the walls out of anger.” Not “reportedly”. Not “the Ecuadorian government claims.” CNN reported it as a fact, as an event that is known to have happened. This is journalistic malpractice, and it isn’t an accident.

Whenever you see any “news” report citing this claim, you are witnessing a standard smear tactic of the plutocratic media. Whenever you see them citing this claim as a concrete, verified fact, you are witnessing an especially aggressive and deliberate psyop. The Ecuadorian embassy was easily the most-surveilled building in the world during Assange’s stay there, and the Ecuadorian government has leaked photos of Assange’s living quarters to the media in an attempt to paint him as a messy houseguest in need of eviction, so if the “feces on the walls” event had ever transpired you would have seen photos of it, whether you wanted to or not. It never happened.

“New documents obtained exclusively by CNN reveal that WikiLeaks founder Julian Assange received in-person deliveries, potentially of hacked materials related to the 2016 US election, during a series of suspicious meetings at the Ecuadorian Embassy in London,” the article begins.

In its very first sentence the article invalidates all the claims which follow it, because its use of the word “potentially” means that none of the documents CNN purports to have contain any actual evidence. It’s worth noting at this time that there is to this day not one shred of publicly available evidence that any of the Democratic Party emails published by WikiLeaks in 2016 were in fact “hacked” at all, and could very well have been the result of a leak as asserted by former British ambassador Craig Murray, who claims to have inside knowledge on the matter.

The glaring plot holes in the Mueller report’s assertions about Russia being the source of the 2016 WikiLeaks drops have already been ripped wide open by journalist Aaron Maté’s meticulous analysis of the report’s timeline in an article accurately titled “CrowdStrikeOut: Mueller’s Own Report Undercuts Its Core Russia-Meddling Claims”. The CNN smear piece, which claims to “add a new dimension to the Mueller report”, is entirely relying on this porous timeline for its reporting. Plot holes include the fact that Mueller claims (and CNN repeats) that the Russians transferred the emails to WikiLeaks on or around July 14, which Maté notes is “a full month after Assange publicly announced that he had them.”

CNN kicks off its smear piece with the inflammatory claim that “Assange met with Russians and world-class hackers at critical moments”, mentioning both “Russians” and “hackers” in the same breath in an attempt to give the impression that the two are related. It’s not until paragraph 43 and 46, long after most people have stopped reading, that the articles authors bother to inform their readers that the “hackers” in question are German and have no established connection to the Russian government whatsoever. The “Russians” counted among Assange’s scores of visitors consist of RT staff, who have always consistently reported on WikiLeaks, and a “Russian national” about whom almost nothing is known.

The article falsely labels Assange a “hacker”, a defamatory claim the mass media circulates whenever it wants to tarnish Assange’s reputation. Assange, of course, is a publisher. WikiLeaks publishes materials which are given to it, it doesn’t “hack” them.

CNN also repeats the long-debunked lie that RT “published articles detailing the new batches of emails before WikiLeaks officially released them” during the 2016 election, citing no evidence because this never happened. RT reported on a WikiLeaks release in October 2016 after it had been published by WikiLeaks but before the WikiLeaks Twitter account had tweeted about it, and western propagandists willfully conflated WikiLeaks publications with tweets from the WikiLeaks Twitter account in order to make it look like RT had insider knowledge about the publications.

In reality, RT was simply watching the WikiLeaks site closely for new releases in order to get an early scoop before other outlets, because Podesta email leaks had been dropping regularly.

“That is a LIE that’s been debunked over and over,” tweeted RT America editor Nebojša Malic? in response to the smear. “We published ONE article about the emails that were RELEASED already, just not TWEETED about yet, because WikiLeaks had been releasing them like clockwork and we paid attention. It’s called journalism, they should try it sometime.”

“Yes that is fake news,” tweeted RT’s Ivor Crotty. “I was the editor on the team that monitored wikileaks and by Podesta 6 we knew they tweeted at 9am EST each day (1pm Dublin) — so we checked the database by reverse searching and discovered a new dump, tweeted about it, and the conspiracy theorists jumped.”

“RT already addressed this in 2016, convincingly if you read the sequence of events they lay out: the Podesta emails appeared on the WikiLeaks website before WikiLeaks sent a tweet about it,” Maté tweeted at CNN’s Marshall Cohen. “Ignoring that allows for the conspiracy theory you propose. It’s ridiculous to suggest that RT-Wikileaks ‘were coordinating behind the scenes’ based on the fact that RT tweeted about the Podesta emails AFTER they appeared on WL’s site, but BEFORE WL tweeted about them. You’re implicating RT in a conspiracy… for doing journalism.”

It’s not possible to research the “RT had advance knowledge of WikiLeaks drops” conspiracy theory without running across articles which debunked it at the time, so the article’s authors were likely either knowingly lying or taking dictation from someone who was.

“Spanish newspaper El Pais on July 9: ‘Spanish security company spied on Julian Assange’s meetings with lawyers’. Add little security state propaganda and 6 days later you get from CNN: ‘How Julian Assange turned an embassy into command post for election meddling’,” notedShadowproof managing editor Kevin Gosztola in response to the CNN smear, a reminder of how a little narrative tweaking can turn a story on its head in support of the powerful.

This would be the same CNN who told its viewers that it’s against the law to read WikiLeaks, with Democratic Party prince Chris Cuomo lying “Remember, it’s illegal to possess these stolen documents; it’s different for the media, so everything you learn about this you’re learning from us.” The same CNN which falsely reported that Assange is a pedophile not once, but twice. The same CNN which has been caught blatantly lying in its Russiagate coverage, which has had to fire journalists for misreporting Russiagate in a media environment where that almost never happens with Russia stories, which has deleted evidence of its journalistic malpracticeregarding Russiagate from the internet without retraction or apology.

So this latest attempt to tarnish Julian Assange’s reputation from CNN is not surprising. Nor is it surprising that the article contains exactly zero of the “exclusive documents” which it says validate its claims and insinuations. Nor is it surprising that CNN is using invisible evidence which almost certainly came into its hands through a government agency to give weight to its smear. But the sheer volume of disinformation and deceit they were able to pack into one single article this time around was just jaw-dropping. Even for CNN.

*  *  *

The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for my website, which will get you an email notification for everything I publish. My work is entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, throwing some money into my hat on Patreon or Paypalpurchasing some of my sweet merchandise, buying my new book Rogue Nation: Psychonautical Adventures With Caitlin Johnstone, or my previous book Woke: A Field Guide for Utopia Preppers. For more info on who I am, where I stand, and what I’m trying to do with this platform, click here. Everyone, racist platforms excluded, has my permission to republish or use any part of this work (or anything else I’ve written) in any way they like free of charge.

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Published:7/16/2019 2:38:11 PM
[Entertainment] Fans hated ‘Game of Thrones’ this season. It just earned a record number of Emmy nominations. Huh? The trade-off to reward a season that felt like a long sigh in order to cling to some cultural relevancy makes an awful lot of sense. Published:7/16/2019 2:38:11 PM
[Markets] US STOCKS-S&P 500 edges lower after mixed bank earnings, Trump comments Published:7/16/2019 2:38:11 PM
[Markets] The New York Post: Disneyland has been empty of late — by Disney park standards — and the new ‘Star Wars’ attraction appears to be a factor Crowd-control measures put in place to coincide with the June opening of Star Wars: Galaxy’s Edge, a new “land” that added 20% to the California park’s capacity, may be working too well, depending on one’s perspective.
Published:7/16/2019 2:38:11 PM
[Politics] Trump: US Won't Sell Fighter Jets to Turkey President Donald Trump says the U.S. is not going to sell F-35 fighter jets to Turkey after Ankara decided to buy a missile defense system from Russia.The Trump administration has repeatedly told Turkey that it will be cut off from buying F-35s if it buys the S-400 Russian... Published:7/16/2019 2:08:22 PM
[worldNews] Germany's Von der Leyen secures powerful EU executive top job Germany's Ursula von der Leyen secured European parliamentary approval on Tuesday to become the first female European Commission president on a platform of a greener, fairer and rule-based Europe.
Published:7/16/2019 2:08:21 PM
[Entertainment] Travis Scott's Rare Video With Stormi Webster Will Leave You Smiling All Day Long Travis Scott, Stormi WebsterPrepare yourselves for a serious dose of cuteness. On Tuesday morning, Travis Scott was enjoying some father-daughter bonding with baby Stormi Webster. Lucky for fans, the rapper decided...
Published:7/16/2019 2:08:21 PM
[Markets] Trump turns up trade pressure on China as he threatens Google probe President Donald Trump on Tuesday turned up fresh pressure on China over trade with the U.S., as he vowed to “take a look” into allegations that Google’s work with Beijing is treasonous. Published:7/16/2019 2:08:21 PM
[ccf90f19-7e0b-53a3-ac67-10021463be87] Brad Pitt teases Leonardo DiCaprio about infamous ‘Titanic’ door scene Leonardo DiCaprio gave Brad Pitt a cold shoulder as big as an iceberg when his co-star asked about the famous door scene at the end of “Titanic”. Published:7/16/2019 2:08:21 PM
[Uncategorized] No, the Trump Administration Did Not Delay the Harriet Tubman $20 Bill Redesign Obama officials said the plan was always to release the new bill in 2030. Published:7/16/2019 2:08:21 PM
[Society] Trump’s Deplorable Tweets Overshadow How His Policies Benefit Minorities

President Donald Trump clearly enjoys his unfiltered ability to communicate directly with the American people. But because of a racially charged tweet Sunday morning, he’s... Read More

The post Trump’s Deplorable Tweets Overshadow How His Policies Benefit Minorities appeared first on The Daily Signal.

Published:7/16/2019 2:08:21 PM
[TC] Japan Aerospace Exploration Agency and Toyota sign 3-year deal to develop a fuel cell Moon rover Toyota will work with the Japan Aerospace Exploration Agency (JAXA) on a fuel cell Moon rover vehicle, with a target launch date of a Moon mission currently set for 2029. The two previously announced their collaboration, but on Tuesday they signed a formal agreement which defines a three-year joint research agreement to co-develop pressurized lunar […] Published:7/16/2019 1:57:13 PM
[Politics] WATCH LIVE: Ted Cruz holds committee hearing on “Google and Censorship through Search Engines” Chairman Ted Cruz is holding a committee hearing at 3:15pm (originally scheduled for 2:30pm) on “Google and Censorship through Search Engines”. You can watch it live below: Since hearing was delayed, I’ll . . . Published:7/16/2019 1:57:13 PM
[Issues] Oklahoma, J&J Reach End of First National Opioid Trial

Lawyers for the state of Oklahoma on Monday called on a judge to find pharmaceutical concern Johnson and Johnson legally culpable for the opioid crisis.

The post Oklahoma, J&J Reach End of First National Opioid Trial appeared first on Washington Free Beacon.

Published:7/16/2019 1:57:13 PM
[worldNews] Trump laments U.S. prohibition on selling F-35s to Turkey President Donald Trump on Tuesday signaled reluctance to punish Turkey over its acquisition of a Russian air defense system, saying it was "not fair" that the United States would now be prohibited from selling Ankara billions of dollars worth of F-35 stealth fighter jets.
Published:7/16/2019 1:57:13 PM
[The Blog] Percentage who think Trump wins a second term now at… 60?

"Believe" is the key word

The post Percentage who think Trump wins a second term now at… 60? appeared first on Hot Air.

Published:7/16/2019 1:57:13 PM
[Markets] Stocks slip after Trump says ‘a long way to go’ on trade and investors digest bank earnings U.S. stocks retreat Tuesday as investors digest trade war talk and a trio of bank earnings, a day after major equity indexes eked out a round of fresh all-time closing highs Monday Published:7/16/2019 1:57:13 PM
[Media] ‘Good rant’: Conservative tweeter’s thread puts MSM meltdowns over Trump’s tweets in much-needed perspective

"Show me some consistency and fairness in your reporting and we’ll talk."

The post ‘Good rant’: Conservative tweeter’s thread puts MSM meltdowns over Trump’s tweets in much-needed perspective appeared first on twitchy.com.

Published:7/16/2019 1:57:13 PM
[Entertainment] South African musician Johnny Clegg dies at 66 after cancer Groundbreaking South African musician Johnny Clegg dies at 66 after fighting pancreatic cancer Published:7/16/2019 1:57:13 PM
[Markets] Rickards: Trump's Currency War Declaration Has Sparked A Multi-Year Gold Rally

Authored by James Rickards via The Daily Reckoning,

Trump has had it!

He is apparently declaring a currency war on the rest of the world. Trump resents China and Europe cheapening the yuan and the euro against the dollar in order to help their exports and hurt ours.

He says it’s time for the U.S. to cheapen the dollar also. Trump has a point. If you put a 25% tariff on many Chinese exports to the U.S. (as Trump has done) or a 25% tariff on German cars exported to the U.S. (as Trump has threatened to do), it can be a powerful way to reduce the U.S. trade deficit and generate revenue for the U.S. Treasury.

But a trading partner can undo the effect of the tariff just by cheapening its currency.

Let’s say a Chinese-made cellphone costs $500 in the U.S. If you slap a 25% tariff on the imported phone, the immediate effect is to raise the price by $125.

A simple solution to tariffs is to devalue your currency by 20% against the dollar. Local currency costs do not change, but the cellphone now costs $400 when the local currency price is converted to U.S. dollars.

A 25% tariff on $400 results in a total cost of $500 — exactly the same as before the tariffs were imposed. Tariff costs have been converted into lower production costs through currency manipulation.

There’s only one problem with Trump’s currency war plan. There’s nothing new about it. The currency wars started in 2010 as described in my 2011 book, Currency Wars. 

As soon as one country devalues, its trading partners devalue in retaliation and nothing is gained. It’s been described as a “race to the bottom.” Currency wars produce no winners, just continual devaluation until they are followed by trade wars.

That’s exactly what has happened in the global economy over the past 10 years. But the final step in the sequence is often shooting wars. That’s what happened leading up to WWII. Let’s hope the currency wars and trade wars don’t turn into shooting wars as they did in the 1930s.

Meanwhile, the Fed is a critical player in the currency war because it has a major influence on the dollar.

The world is waiting to see what it does at its policy meeting on July 31. There is almost no chance the Fed will raise rates. The choices are to cut rates or keep rates unchanged. The market is betting heavily on a rate cut, for what it’s worth.

If the Fed cuts rates, we’ll have to see how other central banks react. But the Fed has many factors to consider when it meets later this month…

For the past 10 years, Fed policy changes have been relatively straightforward to forecast, based on a simple model. The model said the Fed would raise rates consistently in 0.25% increments until rates are normalized around 4% (the amount needed to cut in case of recession).

The exceptions (where the Fed would “pause” on rate hikes) would occur when job creation is low or negative, markets are disorderly or strong disinflation threatens to turn to deflation. Markets certainly became disordered late last year, when the U.S. stock market nearly entered a bear market. And so the Fed paused.

None of those conditions apply today. Job creation is strong, markets are at all-time highs and disinflation is mild. But a new factor has entered the model, which is the fear of causing a recession.

Estimated growth for the second quarter of 2019 is 1.3% annualized, compared with 3.1% in the first quarter. Using the Fed’s own models (which are different from mine), the Fed is concerned that if they don’t cut rates, a market correction and recession may occur.

But if they do cut rates, inflation may result due to tight labor markets and higher costs due to tariffs.

This Fed decision will likely come down to the wire. Second-quarter GDP will be reported on July 26, and personal income and outlays will be reported on July 30. Both data points (and underlying inflation data) will be available right before the July 31 decision date.

Markets will cheer a rate cut and probably sell off if the Fed does not cut rates. But both the markets and the Fed itself will have to wait until the last possible minute before this conundrum is resolved.

And the world will be watching very closely.

The dollar price of gold has been on a roller-coaster ride for the past six years. But the past six weeks have been a turbocharged version of that. Investors should expect more of the same for reasons explained below.

The six-year story is the more important for investors and also the more frustrating. Gold staged an historic bull market rally from 1999 to 2011, going from about $250 per ounce to $1,900 per ounce, a 650% gain.

Then, gold nose-dived into a bear market from 2011 to 2015, falling to $1,050 per ounce in December 2015, a 45% crash from the peak and a 51% retracement of the 1999-2011 bull market. (Renowned investor Jim Rogers once told me that no commodity goes from a base price to the stratosphere without a 50% retracement along the way. Mission accomplished!)

During that precipitous decline after 2011, gold hit a level of $1,417 per ounce in August 2013. It was the last time gold would see a $1,400 per ounce handle until last month when gold briefly hit $1,440 per ounce on an intra-day basis. At last, the six-year trading range was broken. Better yet, gold hit $1,400 on the way up, not on the way down.

The range-bound trading from 2013 to 2019 was long and tiring for long-term gold investors. Gold had rallied to $1,380 per ounce in May 2014, $1,300 per ounce in January 2015, and $1,363 per ounce in July 2016 (a post-Brexit bounce).

But, for every rally there was a trough. Gold fell to $1,087 per ounce in August 2015 and $1,050 per ounce in December 2015. The bigger picture was that gold was trading in a range. The range was approximately $1,365 per ounce at the top and $1,050 per ounce at the bottom, with lots of ups and downs in between. Yet, nothing seemed capable of breaking gold out of that range.

The good news is that gold has now broken out to the upside. The $1,440 per ounce level is well within reach and the $1,400 per ounce level seems like a solid floor, despite occasional dips into $1,390 per ounce territory. Gold’s trading at $1,416 today.

More importantly, a new multi-year bull market has now emerged. Turning points from bear to bull markets (and vice versa) are not always recognized in real time because investors and analysts are too wedded to the old story to see that the new story has already started.

But, looking back it’s clear that the bear market ended in December 2015 at the $1,050 per ounce level and a new bull market, now in its fourth year, is solidly intact. The recent break-out to the $1,440 per ounce level is a strong 37% gain for the new bull market. This price break-out has far to run. (The 1971 – 1980 bull market gained over 2,100%, and the 1999 – 2011 bull market gained over 650%).

The price action over the past six weeks has been even wilder than the price action over the past six years. As late as May 29, 2019, gold was languishing at $1,280 per ounce. Then it took off like a rocket to $1,420 per ounce by June 25, 2019, an 11% gain in just four weeks.

Gold just as quickly backed-down to $1,382 per ounce on July 1, rallied back to $1,418 per ounce on July 3, and fell again to $1,398 per ounce on July 5. These daily price swings of 1.5% are the new normal in gold. Again, the good news is that the $1,400 per ounce floor seems intact.

What’s driving the new gold bull market?

From both a long-term and short-term perspective, there are three principal drivers: geopolitics, supply and demand, and Fed interest rate policy; (the dollar price of gold is just the inverse of dollar strength. A strong dollar = a lower dollar price of gold, and a weak dollar = a higher dollar price of gold. Fed rate policy determines if the dollar is strong or weak).

The first two factors have been driving the price of gold higher since 2015 and will continue to do so. Geopolitical hot spots (Korea, Crimea, Iran, Venezuela, China and Syria) remain unresolved and most are getting worse. Each flare-up drives a flight-to-safety that boosts gold along with Treasury notes.

The supply/demand situation remains favorable with Russia and China buying over 50 tons per month to build up their reserves while global mining output has been flat for five years.

The third factor, Fed policy, is the hardest to forecast and the most powerful on a day-to-day basis. The Fed has a policy rate-setting meeting on July 31. There is almost no chance the Fed will raise rates. The issue is whether they will cut rates or stand pat.

The case for cutting rates is strong. U.S. growth slowed in the second-quarter to 1.3% (according to the most recent estimate) from an annualized 3.1% in the first-quarter of 2019. Inflation continues to miss the Fed’s target of 2.0% year-over-year and has been declining recently. Trade war fears are adding to a global growth slowdown.

On the other hand, the June employment report showed strong job creation, continued wage gains, and increase labor force participation. All of those indicators correspond to higher future inflation under Fed models. The G20 summit between President Trump and President Xi of China led to a truce in the U.S.-China trade war and the prospect of continued talks to end the trade war.

In short, there’s plenty of data to support rate cuts or no cuts in July. The Fed is biding its time. Meanwhile, the market is highly uncertain. A good headline on trade results in a stronger dollar and weaker gold. The next day, a bad headline on growth results in a weaker dollar and stronger gold.

This dynamic explains the erratic up-and-down price movements of the past week. The dynamic is likely to continue right up until the July 31 Fed meeting in two weeks.

With so much uncertainty and volatility in the dollar price of gold lately, what is the prospect for a rally in precious metals prices and stocks that track them?

Right now, my models are telling us that the gold rally will continue regardless of the Fed’s action on July 31.

Expectations today are that the Fed will cut rates at the next FOMC meeting, but the probabilities are far from a sure thing. If the Fed cuts rates, the market will simply move its expectations of further rate cuts to the next FOMC meeting (September 18). The weak dollar/strong gold rally will continue.

If the Fed does not cut rates, gold may suffer a short-term drawdown, but markets will assume the Fed made a mistake. Expectations for a 50bp (0.5%) rate cut in September will start to build.

That new forward expectation will power gold higher just as surely as the missed July rate cut.

That covers gold. But what about silver?

Many investors assume there is a baseline silver/gold price ratio of 16:1. They look at the actual silver/gold price ratio of 100:1 and assume that silver is poised for a 600% rally to restore the 16:1 ratio. These same investors tend to blame “manipulation” for silver’s underperformance.

That analysis is almost entirely nonsense. There is no baseline silver/gold ratio. (The “16:1 ratio” is an historical legacy from silver mining lobbying in the late 19th century, a time of deflation, when farmers and miners were trying to ease the money supply by inflating the price of silver with a legislative link to gold.

The result was “bimetallism,” an early form of QE. The ratio had nothing to do with supply/demand, geology, or any other fundamental factor. Bimetallism failed and was replaced with a strict gold standard in 1900).

This does not mean there is no correlation between gold and silver prices. As Chart 1 below reveals, there is a moderately strong correlation between the two. The coefficient of determination (expressed as r2) is 0.9.

This means that over 80% of the movement in the price of silver can be explained by movements in the price of gold. The remaining silver price factors involve industrial demand unrelated to gold prices.

Chart 1

Recently, a huge gap has opened up between the rally in gold prices (shown in gold on Chart 1 with a right-hand scale) compared to silver prices (shown in grey on Chart 1 with a left-hand scale).

Given the historically high correlation between gold and silver price movements, and the recent lag in the silver rally, the analysis suggests that either gold will fall sharply or silver will rally sharply.

Since I have articulated the case for continued strength in gold prices, my expectation is that gold will continue to outpace silver.

Either way, both metals are heading higher.

Published:7/16/2019 1:57:13 PM
[Politics] Warren Clashes With Esper Over Raytheon Work

Sen. Elizabeth Warren (D., Mass.) aggressively questioned Secretary of Defense nominee Mark Esper Tuesday over the ethical implications of his prior lobbying for Raytheon, the defense giant with ties to Warren.

The post Warren Clashes With Esper Over Raytheon Work appeared first on Washington Free Beacon.

Published:7/16/2019 1:38:07 PM
[Politics] WATCH: Trump DEFENDS Erdogan purchase of Russian missile defense system, blames Obama! Well this is interesting. Today Trump defended Erdogan’s purchase of the non-NATO Russian S-400 missile defense system, blaming Obama for puttting them in that situation: Watch: Trump blamed Obama for refusing to . . . Published:7/16/2019 1:38:07 PM
[The Blog] Victim attorney: Epstein continued predatory behavior while in “jail”

"He will never stop sexually abusing children until he is in jail."

The post Victim attorney: Epstein continued predatory behavior while in “jail” appeared first on Hot Air.

Published:7/16/2019 1:38:07 PM
[Entertainment] Julia Roberts' Reaction to Her 2019 Emmys Snub Is Priceless HomecomingFrom the moment Julia Roberts was attached to star in and executive produce Homecoming, an Emmy was predicted for her future. Until it wasn't. Roberts played Heidi Bergman in the...
Published:7/16/2019 1:38:06 PM
[CULTURE] Twitter Bans Free Speech Champion Lindsay Shepherd For “Abusing” Trans Activist

Twitter exposes its double standards by allowing a transgender activist to hurl misogynistic insults at a woman, whom the platform banned for responding.

The post Twitter Bans Free Speech Champion Lindsay Shepherd For “Abusing” Trans Activist appeared first on Human Events.

Published:7/16/2019 1:38:06 PM
[Entertainment] Parsons snub, ‘Schitt’s Creek’ love among Emmy surprises Among the snubs and surprises this year at the Emmy nominations were Jim Parson being ignored, ‘Schitt’s Creek’ finally getting some love and an unhappy streak continuing for ‘The Tonight Show’ Published:7/16/2019 1:38:06 PM
[worldNews] Von der Leyen secures powerful EU executive top job Germany's Ursula von der Leyen secured European parliamentary approval on Tuesday to become the first female European Commission president after she won over socialists and liberals with her vision of a greener, fairer and rule-based Europe.
Published:7/16/2019 1:38:06 PM
[Markets] IEA: Huge Oil Glut Coming In 2020

Authored by Nick Cunningham via OilPrice.com,

The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns.

Global oil supply exceeded demand by about 0.9 million barrels per day (mb/d) in the first six months of this year, according to the International Energy Agency’s latest Oil Market Report. This retrospective look upends the prevailing sentiment that occurred just a few weeks ago. For instance, the IEA said that the oil market saw a surplus of about 0.5 mb/d in the second quarter, while the agency previously thought there was going to be a 0.5 mb/d deficit.

“This surplus adds to the huge stock builds seen in the second half of 2018 when oil production surged just as demand growth started to falter,” the IEA said.

“Clearly, market tightness is not an issue for the time being and any re-balancing seems to have moved further into the future.”

The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty, but the IEA said it “does not change the fundamental outlook of an oversupplied market.”

The conclusions echo those of OPEC itself, which said in its own report published a day earlier that the “call on OPEC” will be significantly lower next year. Rising U.S. shale production will exceed additional demand both this year and next, which means that the market could see a significant surplus in 2020. In other words, OPEC+ faces a conundrum: Keep its current production cut deal intact and face a worsening glut, or cut further.

“On our balances, assuming constant OPEC output at the current level of around 30 mb/d, by the end of 1Q20 stocks could increase by a net 136 mb. The call on OPEC crude in early 2020 could fall to only 28 mb/d,” the IEA said. OPEC produced 29.83 mb/d in June.

OPEC put demand for its oil at a higher 29.3 mb/d next year, which, to be sure, is a rather significant discrepancy from the IEA figure. However, the conclusion is the same – OPEC may be forced to slash production further if it wants to head off a price slide. OPEC’s figures imply that it may need to cut output by 560,000 bpd; the IEA implies a deeper 1.8 mb/d reduction might be needed.

The IEA was diplomatic, saying that the threat of a renewed surplus “presents a major challenge to those who have taken on the task of market management.” Notably the IEA did not downgrade its demand forecast, sticking with growth of 1.2 mb/d for this year. Days earlier, the U.S. EIA downgraded its demand estimate to 1.1 mb/d. The Paris-based IEA was more optimistic about a rebound in economic growth, even as it downgraded its second quarter demand growth figure by a whopping 450,000 bpd to just 800,000 bpd year-on-year.

All three of the major forecasters – OPEC, IEA and EIA – see robust supply growth from U.S. shale. The specific figures vary, but they generally see non-OPEC production (with U.S. shale accounting for most of the total) growing by around 2 mb/d this year, and by even more next year. In other words, non-OPEC supply growth for both 2019 and 2020 exceed demand.

The one bit of uncertainty in those forecasts is the unfolding slowdown in the U.S. shale industry. As Bloomberg reported, “pipeline limits, reduced flow from wells drilled too close together, low natural gas prices and high land costs” are putting a squeeze on Texas shale drillers. Financial results are bad, and have been rather grim for quite some time. Despite huge increases in production (or, because of such extraordinary growth) North American oil companies have burned through $187 billion in cash since 2012.

The big question is whether or not the blistering rate of growth begins to slow as investors sour on the industry. Right now, there is only patchy evidence of this, with the rig count down and the pace of growth seemingly on the wane. Bloomberg cited more than a half dozen shale drillers that have dramatically scaled back their production growth forecasts as they slow the pace of drilling. It remains to be seen if, in the aggregate, U.S. output begins to flatten out.

If that occurs, it would be a massive relief to OPEC, which would find its task of rebalancing a bit easier. Otherwise, by 2020, the cartel may be forced to cut production by even more than it already has.

Published:7/16/2019 1:38:06 PM
[d63a19ab-1cf5-59fc-bae0-eec09454532c] South African musician Johnny Clegg dies at 66 after battle with cancer Johnny Clegg, a groundbreaking South African musician, has died after a battle with pancreatic cancer. He was 66. Published:7/16/2019 1:38:06 PM
[Issues] More Than 1,200 Illinois Gun Dealers Yet to Apply for New License

More than half of Illinois's 2,351 federally licensed gun dealers haven't yet applied for state licenses required by the new Illinois's Firearm Dealer License Certification Act, which takes effect Wednesday.

The post More Than 1,200 Illinois Gun Dealers Yet to Apply for New License appeared first on Washington Free Beacon.

Published:7/16/2019 1:38:06 PM
[Politics] WATCH LIVE: Ted Cruz holds committee hearing on “Google and Censorship through Search Engines” Chairman Ted Cruz is holding a committee hearing at 3:15pm (originally scheduled for 2:30pm) on “Google and Censorship through Search Engines”. You can watch it live below: Since hearing was delayed, I’ll . . . Published:7/16/2019 1:38:06 PM
[Markets] Earnings Outlook: Snap earnings: Investors need to see clear signs of a turnaround Snap shares have soared this year on expectations that the company is finally turning its business around, and the Snapchat maker will be looking to prove that narrative with its next earnings report.
Published:7/16/2019 1:38:06 PM
[] 007 Will Now Be a Black Woman or Something I don't think it's real. I mean, part of it is real. But it's not really real. Ages ago, Barbara Broccoli (daughter of EON co-founder "Cubby" Broccoli) was asked if she'd ever make a Female James Bond movie, and... Published:7/16/2019 1:38:06 PM
[Microsoft] Slack’s CEO Compares Microsoft Teams ‘Threat’ to Failed Bing Efforts He likened Teams to Microsoft's Bing. Published:7/16/2019 1:16:33 PM
[Volokh Conspiracy] [Stewart Baker] Supply chain illuminati Episode 272 of the Cyberlaw Podcast Published:7/16/2019 1:16:33 PM
[Issues] Former CNN Contributor: Mainstream News Outlets Are ‘Zionist Organizations’

Marc Lamont Hill, a Temple University professor and former CNN commentator, said that mainstream news outlets are "Zionist organizations" that create "Zionist content" during an appearance at a progressive conference.

The post Former CNN Contributor: Mainstream News Outlets Are ‘Zionist Organizations’ appeared first on Washington Free Beacon.

Published:7/16/2019 1:16:33 PM
[Politics] Trump Unveils Immigration and Border Security Bill in Cabinet Meeting President Donald Trump presented a bill to his Cabinet on Tuesday aimed at boosting border security and overhauling the current immigration system to make it more merit-based, a senior administration official said. Published:7/16/2019 1:16:33 PM
[Entertainment] 2019 Emmys: Anthony Bourdain Lands Posthumous Nomination 1 Year After Death Anthony Bourdain, Parts UnknownAnthony Bourdain may be gone, but he will not be forgotten at the 2019 Emmys. The late chef and host was nominated for Outstanding Informational Series or Special and Outstanding Writing...
Published:7/16/2019 1:16:33 PM
[Politics] Not a ‘Racist Bone in My Body’ Says Trump, as Pelosi Urges House to Condemn

President Donald Trump is pushing back against critics of the tweets he posted Sunday, saying that they were not inappropriate or racist, even as House... Read More

The post Not a ‘Racist Bone in My Body’ Says Trump, as Pelosi Urges House to Condemn appeared first on The Daily Signal.

Published:7/16/2019 1:16:33 PM
[Politics] WATCH: Trump DEFENDS Erdogan purchase of Russian missile defense system, blames Obama! Well this is interesting. Today Trump defended Erdogan’s purchase of the non-NATO Russian S-400 missile defense system, blaming Obama for puttting them in that situation: Watch: Trump blamed Obama for refusing to . . . Published:7/16/2019 1:16:33 PM
[Column] What seed-stage dilution tells us about changing investor expectations Round sizes are up. Valuations are up. There are more investors than ever hunting unicorns around the globe. But for all the talk about the abundance of venture funding, there is a lot less being... Published:7/16/2019 1:16:33 PM
[topics:people/donald-trump] Donald Trump says he does not have a 'racist bone' in his body amid Democrat row Published:7/16/2019 1:16:33 PM
[Media] Historian Jon Meacham says Trump’s tied for ‘most racist president in American history’ (and people have thoughts) [video]

"Why can't he criticize Trump's comments without saying something so obviously dumb?"

The post Historian Jon Meacham says Trump’s tied for ‘most racist president in American history’ (and people have thoughts) [video] appeared first on twitchy.com.

Published:7/16/2019 1:16:33 PM
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