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Tuesday June 30, 2015
News Articles

The Rise of Violent Right-Wing Extremism, Explained
MotherJones | Jaeah Lee | 06/30/15

The US law enforcement community regards homegrown violent extremists, not radicalized Islamists, as the most severe threat from political violence in the country, according to a new study from the Triangle Center on Terrorism and Homeland Security. Released late last week, the report comes amid renewed focus on the problem ever since a 21-year-old avowed white supremacist carried out a mass shooting at a historic black church in Charleston, South Carolina. There is a growing body of research highlighting the threat from right-wing extremists, but who or what exactly does that term encompass, and how big really is the problem? Mother Jones examined various reports and contacted experts to find out more. Read more

What are "far-right" or "right-wing" extremists?
While there is no uniform definition, these terms loosely encompass individuals or groups associated with white supremacist, antigovernment, sovereign citizen, patriot, militia, or other ideologies that target specific religious, ethnic or other minority groups.

Think Today's Refugee Crisis Is Bad? Climate Change Will Make It a Lot Worse
HP | Elliott Negin | 06/30/15

Last year was the worst year on record for refugees. The number of people fleeing war and persecution jumped to nearly 60 million, the highest figure since the United Nations' refugee agency began keeping records 50 years ago, and that doesn't even include people driven from their homes by poverty, gang violence or natural disasters.

Smugglers are preying on refugees, social services in poor Middle Eastern and African countries have been stretched to the limit, and Europe and Australia are turning back exiles at their borders. António Guterres, U.N. high commissioner for refugees, acknowledged that relief agencies are overwhelmed. "We don't have the capacity and we don't have the resources to support all the victims of conflict around the world to provide them with the very minimal level of protection and assistance," he told reporters at a mid-June press conference. ... Read more

Gross Says Hold Cash, Prepare For "Nightmare Panic Selling"
ZeroHedge | author | 06/30/15

... Some have suggested, for instance, that if corporate bond fund managers were suddenly inundated with a cascade of redemptions, the absence of dealer liquidity in the secondary market could create the conditions for a firesale.

The problem, as we've been keen to point out, is that when fund flows are one-way (i.e. everyone is selling), fund managers must either i) meet redemptions with cash, or ii) trade the underlying securities. Note that the latter option is so undesirable in illiquid markets (indeed, trading large blocks into illiquid markets poses a systemic risk), that some fund managers are now lining up emergency liquidity lines with banks so that they can at least meet an initial wave of selling with cash and avoid, for a time at least, sparring with illiquidity. ... Read more

Don't Blame Austerity: Five "Dastardly" Ways Italy (& Greece) Burned Through Taxpayer Money
ZeroHedge | author | 06/30/15

It took years (after our initial report in 2011) but finally the Greeks realized that the main reason the Troika had been fleecing them all along, is that of the €227 billion in bailout funds disbursed to Greece, the amount that actually reached the Greek population was... 11%. The rest went back to repaying Greek creditors in some form.

So what was really going in Europe over the past 5 years, if the debt load kept creeping higher, and yet little money was actually making its way to the broader population?

The answer is simple: abuse of taxpayer funding, also known as fraud and corruption. And while it may come as a surprise, more European tax money has been lost to fraud in Italy than in any other European country, Greece included (perhaps because most of the free cash was already earmarked for creditor repayment). ... Read more

Democracy Now! U.S. and World News Headlines for Tuesday, June 30 [7:11]
*DN | As Greece Heads for Default, Voters Prepare to Vote in Pivotal Referendum on More Austerity (06/30/15) [13:32]
*DN | Historic Iran Nuclear Deal Hangs in the Balance as Talks Enter Final Round (06/30/15) [7:50]
*TRNN | Robert Scheer: Plundering Our Freedom with Abandon, Part 8 (06/30/15) [27:11]

*TRNN | UMKC's Bill Black and Michael Hudson: US Hedge Funds Get Bailed Out if Greeks Pass Bailout Referendum (06/30/15) [8:22]
TRNN | Technicalities are slowing it down but the bulk of the deal is most likely already complete, say National Iranian American Council's Jamal Abdi and University of Minnesota Economics Professor Cyrus Bina (06/30/15) [9:41]
TYT | Five Black Churches Have Burned To The Ground In One Week (06/29/15) [5:18]
TYT | MSNBC Pathetically Cowers To Bill O'Reilly Over Flag Flap (06/29/15) [8:10]
TYT | Supreme Court EPA Ruling Is A Big Polluted Kiss To Conservatives (06/29/15) [5:22]
TYT | Should Greece Answer The Debt Crisis By Pulling A Trump? (06/29/15) [6:59]
RT | CrossTalk: Minsk 2.0 RIP? (06/29/15) [24:09]
RT | Keiser Report: IMF failed Greece long before bailout (E776) (06/27/15) [25:37]
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Reaganism...A Failure From Kansas to Greece (06/30/15) [4:50]
ThomHartmann | Greece vs. Europe...Day of Destiny Approaches (06/30/15) [11:25]

06.30.2015. 12:58

Monday June 29, 2015
News Articles

The Next Few Days Have the Potential to Transform Greece and Europe
NYTimes | Neil Irwin | 06/28/15

It has been easy to ignore the doings in Greece for the last few years, with the perpetual series of summits in Brussels that never seem to resolve anything. But it's time to pay attention. These next few days are shaping up to become a transformational moment in the 60-year project of building a unified Europe. We just don't yet know what sort of transformation it will be.

The immediate headlines that got us to this point are these: After an intractable series of negotiations over a bailout extension with Greece's creditors, the nation's left-wing government left the table Friday and said it would hold a referendum on July 5. Greek leaders think the offer on the table from European governments and the International Monetary Fund is lousy, requiring still more pension cuts and tax increases in a depressed economy ... Read more

It was more or less impossible for Greek banks to open on Monday, once the European Central Bank announced it was turning off emergency lending to them.

Because in the absence of any increase in this so called Emergency Liquidity Assistance, the banks had no way to supply cash to Greek depositors who have been anxiously withdrawing their savings.
Update 21:10
Greek banking sources tell me that the banks have been instructed to close for at least a week and a day.

And during that period of closure the following capital controls will be imposed:

a) a maximum of 60 euros can be withdrawn per bank card per day or per account per day;

b) no cash can be moved abroad at all, except for vital commercial transactions that would have to be pre-approved.

The Hidden Intelligence Breakdowns Behind the Mumbai Attacks
propublica.org | Sebastian Rotella | 04/21/15

This story was co-published with PBS Frontline.

After Edward Snowden, the government said its controversial surveillance programs had stopped a terrorist -- David Coleman Headley. In "American Terrorist," ProPublica and PBS "Frontline" show why the claim is largely untrue.

In a rush to provide success stories, senior officials cited the capture of an American terrorist whose case I knew well. I had spent several years reporting about David Coleman Headley, whose reconnaissance for Pakistani spymasters and terrorist chiefs was crucial to the 2008 terrorist attacks in Mumbai that killed 166 people, including six Americans. Now the intelligence community was claiming the National Security Agency had played a key role in preventing Headley's follow-up plot against a Danish newspaper in 2009. ... Read more

Resistencia: The Fight for the Aguan Valley, Honduras (trailer) (2009) [1:29]
Resistencia: The Fight for the Aguan Valley by Jesse Freeston on the plantation occupation movement that rose up in response to the 2009 coup d'etat in Honduras. (full) (2009) [1:31:38]
A date that marks both the sixth anniversary of the military coup in Honduras and the sixth birthday of the national resistance that is still struggling to overthrow the coup regime.

An unprecedented nationwide resistance movement is born, known simply as La Resistencia. Without question, the most daring arm of the movement is that of the farmers of the Aguan Valley. With the president that promised to help them get their land back overthrown, they decide to take control of their own destiny. In a matter of minutes they seize control over 10,000 acres of palm oil plantations belonging to the country's most powerful landowner. Located on some of the most fertile land in all of Central America, the farmers announce that they have no plans of ever giving the plantations back.

Why You Should Care About Greece's Impending Meltdown... And don't forget Puerto Rico.
MotherJones | Max J. Rosenthal | 06/29/15

... After months of failed negotiations with its creditors, the government of Greece now has 24 hours to pony up a $1.8 billion loan payment to the International Monetary Fund. With the country out of money and the European Union unwilling to soften its stance on Greek debt, finding that much cash is about as likely as it sounds.

If Greece does default on its loans, there are plenty of terrible consequences potentially in store for the country itself: it could be forced to leave the euro, get cut off from international capital markets, and see its already-hurting economy--around a quarter of Greeks are unemployed--shrink even further. But the United States might also suffer. ... Read more

Democracy Now! U.S. and World News Headlines for Monday, June 29 [10:03]
DN | Love Wins: After Decades of Struggle, Marriage Equality Now the Law of the Land (06/29/15) [13:48]
DN | "This Flag Comes Down Today": Bree Newsome Scales SC Capitol Flagpole to Remove a Symbol of Hate (06/29/15) [17:55]
John Oliver
*John Oliver on The Charleston Shooting and Russia's Crazyness (06/22/15) [11:29]
Jon Stewart
*Jon Stewart | Fox News criticizes politicians on the left for using the church shooting in South Carolina to advance their liberal narrative. (06/27/15) [9:13]
PBS Frontline
*PBS Frontline | American Terrorist: In collaboration with ProPublica, the film reveals how secret electronic surveillance missed catching the Mumbai plotters, and how Headley planned another Charlie Hebdo-like assault against a Danish newspaper. (04/21/15) [1:23:15]
*PBS Frontline | The Fight for Yemen: President Obama has pointed to Yemen as a model for the U.S.'s counter-terrorism strategy. But now, an anti-American rebel group known as the Houthis has ousted the president and thrown the country into turmoil. As a Saudi-led military campaign bombards Yemen... (04/07/15) [54:34]
TRNN | Robert Scheer: Plundering Our Freedom with Abandon, Part 7 (06/29/15) [23:08]
| All previous Episodes
TRNN | Saqib Bhatti argues: Why Chicago Won't Go Bankrupt - And Detroit Didn't Have To (06/29/15) [9:47]
TYT | Global Wave Of Terror Rips Through Several Countries (06/27/15) [12:43]
TYT | Right Wing Terror Kills Way More Americans Than Jihadis (06/28/15) [7:23]
Thom Hartmann - www.thomhartmann.com/

06.29.2015. 12:25

Friday June 26, 2015
News Articles

Bernie Sanders Surges In New Hampshire Polls
HP | Marina Fang | 06/25/15

A CNN/WMUR poll released Thursday shows that Sanders is just 8 percentage points behind Clinton. Among Democratic primary voters surveyed, 45 percent said that Sanders "cares the most about people like you," while 24 percent said the same about Clinton. When asked which Democratic candidate "best represents the values of Democrats like yourself," 41 percent said Sanders, and 30 percent said Clinton.

The results are consistent with other recent polling in New Hampshire. Two polls last week had Sanders within 10 points of Clinton's lead, suggesting that Clinton, the presumptive favorite, may be vulnerable in the Granite State. ... Read more
CNN Pool - Click picture to zoom in

Here's how much corporations paid US senators to fast-track the TPP bill
TheGuardian | C Robert Gibson | 05/27/15

The US Senate passed Trade Promotion Authority (TPA) -- the fast-tracking bill -- by a 65-33 margin on 14 May. Last Thursday, the Senate voted 62-38 to bring the debate on TPA to a close.

Those impressive majorities follow months of behind-the-scenes wheeling and dealing by the world's most well-heeled multinational corporations with just a handful of holdouts. Using data from the Federal Election Commission, this chart shows all donations that corporate members of the US Business Coalition for TPP made to US Senate campaigns between January and March 2015, when fast-tracking the TPP was being debated in the Senate: ...

  1. Out of the total $1,148,971 given, an average of $17,676.48 was donated to each of the 65 "yea" votes.
  2. The average Republican member received $19,673.28 from corporate TPP supporters.
  3. The average Democrat received $9,689.23 from those same donors.
Read more

[Greece] Tsipras Rejects Ultimatums, Says "Won't Be Blackmailed"
magazine | author | date

On Friday, the German press reported (and Bloomberg later confirmed) that Greece's creditors had presented PM Alexis Tsipras with a document (essentially an outlining the following available funds that could theoretically be part of either an extension of the country's second bailout or a third program (with the latter having been previously ruled out by the IMF and German lawmakers). The details are as follows: ... Read more

The Single Biggest Driver For Stocks Is Collapsing
ZeroHedge | author | 06/26/15

Earnings are what drive stocks. Investors sometimes forget this during periods of speculative manias such as the one we're experiencing today. But the reality is that there is no rational reason to buy a stock (company) other than to share it its profits via Earnings or Dividends.

Earnings Per Share or EPS leads stock prices as the below chart shows. Note the large divergence that occurred in 2007 at a time when EPS rolled over (EPS is the blue lines). We all know what came after this (2008). Now look at the massive divergence occurring today (the right black square). It makes the 2007 divergence look small by comparison!

Stocks are more stretched than at any point in the last 10 years. At the very least we should see a 10-15% correction if not an outright Crash in the coming months. ... Read more

Click picture to zoom in
Truth is Stranger than Fiction

Kim Kardashian To Deliver Speech About Objectification Of Women

Let us remind ourselves that the individual below -- whose only achievement to date has been having a large posterior and appearing in amateur sex videos -- has a disturbingly large portion of society captivated day after day, year after year.



Democracy Now! U.S. and World News Headlines for Friday, June 26 [6:19]
DN | "The 9/11 of the Black Church": Mourners Flock to SC as Funerals Begin for Emanuel Massacre Victims (06/26/15) [10:57]
60 Minutes
*60 Minutes | Clarissa Ward speaks with Islamic radicals in London about accusations they recruit British citizens for battlefields in Syria and Iraq. (06/14/15) [13:45]
60 Minutes | Lesley Stahl reports on how Duke Energy is handling over 100 million tons of coal ash waste in North Carolina. (06/14/15) [14:15]
Jon Stewart
Jon Stewart | Jon Stewart Has A Blast With GOP Response To Pope's Climate Change Encyclical (06/25/15) [6:09]
*TRNN | Professor Gerardo Ceballos explains: Human Survival in The Sixth Extinction (06/26/15) [8:07]
*TRNN | Robert Scheer: Plundering Our Freedom with Abandon, Part 6 (06/26/15) [19:09]
| All the Episodes
TRNN | Alvatore Babones: Sixteen Proposals for Effective Solutions in '16, Part 4 (06/26/15) [13:52]
TYT | Conservatives Pout About Obamacare Ruling (06/25/15) [11:18]
TYT | Conservative Pundits Say Removal Of Confederate Flag Will Destroy The South (06/25/15) [8:32]
TYT | Kim Kardashian To Deliver Speech About Objectification Of Women (06/25/15) [5:05]
*RT | CrossTalk: Greek pain (06/26/15) [24:06]
RT | Keiser Report: Grexodus, Brexit & Too-Big-To-Fail (E775) (06/25/15) [25:31]
Thom Hartmann - www.thomhartmann.com/

06.26.2015. 10:27

Thursday June 25, 2015
News Articles

Supreme Court Rejects Obamacare Lawsuit, Preserving Insurance For Millions
HP | Jonathan Cohn | 06/25/15

he latest and possibly the last serious effort to cripple Obamacare through the courts has just failed. On Thursday, for the second time in three years, the Supreme Court rejected a major lawsuit against the Affordable Care Act -- thereby preserving the largest expansion in health coverage since the creation of Medicare and Medicaid half a century ago.

The stakes of the case, King v. Burwell, were enormous. Had the plaintiffs prevailed, millions of people who depend upon the Affordable Care Act for insurance would have lost financial assistance from the federal government. Without that money, most of them would have had to give up coverage altogether. And the loss of so many customers would have forced insurers to raise premiums, seriously disrupting state insurance markets. ... Read more

Merkel "Won't Be Blackmailed By Greece", Demands Deal Before Market Open On Monday.
Grexident Looming: Eurogroup Meeting Ends Prematurely With No Deal.

CEO pay at US's largest companies up 54% since recovery began in 2009
TheGuardian | Suzanne McGee | 06/25/15

According to the latest annual survey by the Economic Policy Institute, a progressive think tank, CEOs at the 350 largest companies in the country pocketed an average of $16.3m in compensation each last year. That's up 3.9% from 2013, and a whopping gain of 54.3% since the recovery began in 2009.

The average annual earnings of employees at those companies? Well, that was only $53,200. And in 2009, when the recovery began? Well, that was $53,200, too. In other words, while the CEOs have seen their compensation soar by 54%, the typical worker's paycheck hasn't budged. Read more

Click picture to zoom in

These Three Events Will Shatter "Liquidity Illusion", Trigger Crisis, OECD Says
ZeroHedge | author | 06/25/15

The OECD has released its first Business and Finance Outlook which the organization describes as "an annual publication that presents unique data and analysis that looks at what might affect and change.. tomorrow's world of business finance and investment."

Over some 250 pages, the first edition offers a sweeping look at the global financial landscape and outlines, in excruciating detail, many of the major themes we've built on in these pages including companies' propensity to spend on buybacks and dividends at the expense of capex, the dangers of employing unrealistic pension fund investment return assumptions in a ZIRP world, and, of course, the liquidity paradox, wherein trillions in central bank cash injections mask underlying illiquidity -- especially in bond markets. Here's how Reuters summarizes the report: Read more

Business and Finance Outlook by OECD
Democracy Now! U.S. and World News Headlines for Thursday, June 25 [8:26]
*DN | The Death Penalty is Revenge, Not Healing: Father of OKC Victim on Dzhokhar Tsarnaev's Sentencing (06/25/15) [11:41]
*DN | Does U.S. Ignore Right-Wing Terror? More Killed by White Extremists Than Jihadists Since 9/11 (06/25/15) [17:42]
Short, Thought Provoking Videos
*TRNN | Alvatore Babones: Sixteen Proposals for Effective Solutions in '16, Part 3 (06/25/15) [18:08]
TRNN | Dimitri Lascaris: Greek Pensioners Demonstrate Against Inhumane Austerity Demands (06/25/15) [13:53]
TYT | The Right Declares War On The Pope (06/24/15) [2:08]
TYT | Kill More Civilians, Rages Blood-Starved Warmongers (06/24/15) [8:41]
TYT | What Exactly Are Confederate Flag-Lovers Defending? (06/24/15) [7:49]
Thom Hartmann - www.thomhartmann.com/
*ThomHartmann | Economist Dr. Richard Wolff: The Greek Implosion (06/24/15) [12:16]
ThomHartmann | Kevin Kamps, Beyond Nuclear: The worst nuclear accident in recent history wasn't unexpected (06/24/15) [6:23]

06.25.2015. 11:46

Wednesday June 24, 2015
News Articles

The Bush Family Goes for Number Three (With the Help of Its Bankers)
HP | Nomi Prins | 06/24/15

This piece has been adapted and updated by Nomi Prins from her book All the Presidents' Bankers: The Hidden Alliances That Drive American Power

It's happening. As expected, dynastic politics is prevailing in campaign 2016. After a tease about as long as Hillary's, Jeb Bush (aka Jeb!) officially announced his presidential bid last week. Ultimately, the two of them will fight it out for the White House, while the nation's wealthiest influencers will back their ludicrously expensive gambit.

And here's a hint: don't bet on Jeb not to make it through the Republican gauntlet of 12 candidates (so far). After all, the really big money's behind him. Last December, even though out of public office since 2007, he had captured the support of 73% of the Wall Street Journal's "richest CEOs." Though some have as yet sidestepped declarations of fealty, count on one thing: the big guns will fall into line. They know that, given his family connections, Jeb is their best path to the White House and they're not going to blow that by propping up some Republican lightweight whose father and brother weren't president, not when Hillary, with all her connections and dynastic power, will be the opponent. That said, in the Bush-Clinton battle to come, no matter who wins, the bankers and billionaires will emerge victorious. ... Read more

All the Presidents' Bankers: The Hidden Alliances that Drive American Power by Nomi Prins

Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in Washington, DC.

All the Presidents' Bankers sheds new light on pivotal historic events--such as why, after the Panic of 1907, America's dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgan's ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt's son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.
Fox News Dumps Sarah Palin
Big Picture: Get Big Money Out of Politics (06/23/15) [2:59]

Greece Rejects "Totally Unacceptable" IMF Counterproposal Demanding Pension Cuts: Full Redline Comparison
ZeroHedge | author | 06/24/15

The renewed optimism that's surrounded Greek debt negotiations since Monday evening evaporated like deposits on a hot summer day in Athens this morning as the IMF has indicated it will stick to its "red lines" on pension cuts and the VAT, meaning PM Alexis Tsipras will either surrender unconditionally or embrace an EMU exit. ... Read more

Click picture to zoom in
More News
  1. Greece Handed New Terms as Tsipras Approaches Decision Time (BBG)
  2. As U.S. Probes $12.7 Trillion Treasury Market, Trader Talk Is a Good Place to Start (BBG)
  3. Signs Swedish QE Backfiring as Liquidity Evaporates (BBG)
  4. ECB approves ELA funding requested by Greece- banking source (Reuters)
  5. Greek Millennials Can't Find Work But Actually Want to Keep the Euro (BBG)
  6. Greek deal or not, the euro is now a different beast (Reuters)
  7. Promoter's Arrest Sheds Light on Cynk's $6 Billion Surge (BBG)
  8. The World's Biggest Economies Are About to Feel the Impact of China's Slowdown (BBG)
  9. Senate Clears Trade Bill's Way to Passage (WSJ)


Democracy Now! U.S. and World News Headlines for Wednesday, June 24 [12:02]
*DN | Celebration Day at the U.S. Chamber of Commerce? A Debate on Who Benefits from the TPP (06/24/15) [6:28]
DN | "I Am Not Nonviolent": New Nina Simone Film Captures Singer and Activist’s Uncompromising Voice (06/24/15) [9:10]
Edward Snowden
*Edward Snowden Censored 9/11 & Boston Bombing on NBC (05/29/14) [3:23]
*TRNN | Robert Scheer: Plundering Our Freedom with Abandon, Part 5 (06/24/15) [19:35]
*TRNN | Salvatore Babones: Sixteen Proposals for Effective Solutions in '16, Part 2 (06/24/15) [17:16]
TYT | Disturbing Racism Behind The Confederate Flag, Bill O'Reilly Disagrees (06/23/15) [8:49]
TYT | Apparently Corporations Are People BUT FEC Commissioners Aren't (06/23/15) [2:22]
A recent decision by the Federal Election Commission that Commissioner Ellen Weintraub was not able to enforce campaign finance rules because "the rules say any person can file a petition, that we weren't actually persons." The Federal government continues to rule that corporations are people and have the same rights as people, but apparently people aren't people.
RT | CrossTalk: Kiev Cul-de-sac (06/24/15) [24:06]
Ukraine on Wikipedia
Thom Hartmann - www.thomhartmann.com/
Shara Palin - Game Change
*Sarah Palin: HBO movie Game Change (excerpt) [0:59]
Everything That Is Wrong With The Republican Party in 1:48 [1:48]
Matt Damon Slams Sarah Palin (08/27/10) [1:42]
HBO | Game Change 2012 () [1:57:52]
Other Videos and Documentaries I Ran Across
Note: I don't endorse any of the videos in this section.
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.

06.24.2015. 11:01

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