- Berning up, protesters hit Philly streets July 24, 2016It may be Hillary Clinton's convention, but on a blistering Sunday supporters of Bernie Sanders took over Philadelphia with hot anger.
- Hillary Clinton: 'Criticizing me' is the only thing unifying Republicans July 24, 2016Hillary Clinton thinks Republican National Convention rallying cries to throw her in jail "felt very sad."
- This indicator shows S&P rally in trouble July 24, 2016This indicator may humble investors riding the S&P 500's rally.
- DNC's chair steps down after leaks July 24, 2016DNC chair Debbie Wasserman Schultz will resign under intense pressure from a leaked trove of emails.
- Bloomberg set to back Clinton July 24, 2016Mike Bloomberg will endorse former Secretary of State Hillary Rodham Clinton out of concerns about the candidacy of Donald Trump, reports say.
- How Hillary would try to save USPS July 24, 2016The Democratic platform laid out some of the party's main talking points, but also included one that may seem bizarre.
- Turkey's woes may wash up on Europe July 24, 2016A failed coup in Turkey could create new headaches for Europe as it struggles to stem the flow of migrants.
- CA blaze doubles as evacuations mount July 24, 2016A blaze near Los Angeles intensified, forcing officials to order evacuations, NBC reports.
- Student loan grace period can be costly July 24, 2016Most student loans offer a six-month grace period before borrowers have to pay, though interest usually keeps accruing.
- IOC to allow Russia to compete in Rio July 24, 2016The IOC will not impose a blanket ban on Russia for next month's Rio Olympics over its doping record but will impose conditions on the delegation.
- Verizon, Yahoo close to $5B deal July 24, 2016Verizon and Yahoo are close to striking a deal, sources tell Recode.
- Safe havens as danger zones? July 24, 2016Stephen Parker, of J.P. Morgan Private bank, says these common safe havens may be too pricey.
- Italy insists there's 'no banking problem' July 24, 2016Top finance officials in Italy have moved to play down the issues the country's banking industry is facing, just days ahead of crucial stress tests.
- Heineken USA CEO reflects on year 1 July 24, 2016Heineken USA's chief explains to CNBC why "small exceptions" matter in crafting big beer plans.
- Top DNC official apologizes after leak July 24, 2016The chief financial officer of the Democratic National Committee apologized for the "insensitive" contents of an email leaked by WikiLeaks.
- G-20 chiefs hit back at rising protectionism July 24, 2016Anti-trade rhetoric might be growing across the globe, but finance ministers from the G-20 group of nations are trying to play down its importance.
- World Bank mulls different approach July 24, 2016At a time when weaker global growth prospects are a cause for concern, President Jim Yong Kim is taking a different tact to confront the challenge.
- DNC leak steps on Kaine news July 23, 2016Wikileaks's release of a massive DNC email cache threatened to overshadow the start of the Democrats' convention.
- Kabul blast kills dozens, hundreds hurt July 23, 2016A suicide bombing ripped through Kabul, leaving more than 60 people dead and hundreds more wounded.
- Oil looking like '08-'09: Technician July 23, 2016A chart watcher tells CNBC why he thinks oil looks a lot like the dog days of the 2008 crisis.
- Berning up, protesters hit Philly streets July 24, 2016
- UN praises Colombia and FARC's agreement on women July 25, 2016The UN welcomes an agreement between the Colombian government and FARC rebels giving specific guarantees to women as part of a peace accord.
- Germany blast: Ansbach explosion 'kills suspected bomber' July 25, 2016An explosion in the German city of Ansbach, near Nuremberg, has killed a suspected bomber and injured 12 other people, police say.
- Germany machete attack: Syria migrant kills woman July 25, 2016A woman is killed and two other people injured in south-western Germany in a machete attack by a Syrian asylum-seeker.
- On its own July 25, 2016Africa’s only gay radio station broadcasts from South Africa, trying to counter homophobia and break down stereotypes.
- School's out July 25, 2016After several more schools were set alight in Kenya, pupils, parents and officials tell the BBC what they think is behind the arson.
- From curry to pizza July 24, 2016As the Indian kitchen has moved up from the ground to a waist-high counter, the food cooked has also changed, writes Amita Baviskar
- Socialised robot July 24, 2016A robot which is learning how to move through pedestrian environments is being developed by Stanford University
- Fear factor July 24, 2016Donald Trump says America is in a "moment of crisis". Why it is to his advantage to convince voters that this is so.
- Big numbers July 24, 2016The media is full of reports saying that Pokemon Go was downloaded 15 million times in its first week in the US, and is the biggest mobile game in history, but how reliable are these figures?
- Russia Olympics decision criticised July 24, 2016The World Anti-Doping Agency is "disappointed" its recommendation to ban Russia from the Olympics has been rejected.
- Baby talk July 24, 2016Whether your children are problems or prodigies, is it damaging to your career to talk about them too much in the workplace?
- Munich shootings: Police arrest 16-year-old Afghan July 24, 2016A 16-year-old Afghan friend of David Ali Sonboly, who killed nine people on Friday, is arrested on suspicion of failing to report the attacker's plans.
- California struggles to contain wildfire near Los Angeles July 24, 2016Fire crews in California battle a wildfire that has destroyed 18 homes and threatens hundreds of others in mountains north of Los Angeles.
- US election: Democrats' chair steps aside amid email row July 24, 2016The US Democratic Party chair says she will resign as a row over leaked emails threatens efforts for party unity ahead of the presidential nominating convention.
- England v Pakistan: Hosts lead by 489 runs in second Test at Old Trafford July 24, 2016England stretch their lead over Pakistan to 489 runs after choosing not to enforce the follow-on on day three of the second Test.
- Tour de France 2016: Chris Froome completes third race victory July 24, 2016Chris Froome reaches the finish line in Paris to become the first British rider to defend the title and win three Tours de France.
- Turkey failed coup: Tens of thousands in pro-democracy rally July 24, 2016Tens of thousands of people from both opposition and government parties demonstrate in a rally in Istanbul to condemn the country's attempted coup.
- Verizon 'agrees $5bn Yahoo deal' July 24, 2016US telecoms giant Verizon Communications is to buy Yahoo's core internet business for $5bn (£3.8bn), according to media reports.
- Bangladeshi boy, 10, murdered by fellow textile workers July 24, 2016A 10-year-old Bangladeshi boy who worked in a spinning mill dies after other workers pumped air into his body, in a case similar to one last year, media say.
- Shawshank Redemption oak tree falls and fans grieve July 24, 2016One of the most iconic trees in cinematic history has been felled by the wind.
- UN praises Colombia and FARC's agreement on women July 25, 2016
prancing political peacocks—on the cliff
By Bob Jentges (Editor Emeritus, Clarion Advisory) 12-8-12
If those in the private sector approached negotiating contracts or resolving lawsuits like the prancing political peacocks are approaching the ”fiscal cliff,” nothing would get accomplished and our courts would be faced with an even more unmanageable backlog!
President Obama and the Democrats are stuck on income tax rate increases for the “wealthiest” 2%—which if agreed to would provide sufficient revenue to operate the federal government for about only eight day’s…with no cuts to entitlement spending. Polls now show a majority support those positions—myopia squared! When will our dysfunctional society realize have a spending problem, not a revenue problem?
Earlier in the week, Senate Majority Leader Harry Reid blocked a vote in the Senate on President Obama’s proposal to avoid the “fiscal cliff.” It’s difficult to be sure if Democrats are for or against raising tax rates on the “middle class”—they have been on both sides of that issue! It is becoming more obvious every day that the Democrats’ main objective is political, and deals more with getting Republicans to capitulate than it does with a good faith effort to avoid the “fiscal cliff.”
Republicans should call the bluff, withdraw all previous offers, agree to tax the “rich”, take some entitlements off the table so to speak, all in exchange for eliminating some costly unconstitutional federal departments e.g. Education, HUD, etc., and leave them with the respective states and the people pursuant to the Tenth Amendment. Moreover, HHS has more than 60 different jobs programs and the Department of Agriculture operates more than 240 subsidy programs. Many of which could be drastically cut, if not eliminated.
If the Democrats reject the offer, and they certainly will, it should become obvious the only way toward significant spending cuts is at the bottom of the cliff when sequestration goes into effect. Polls say that 2 to 1 the people will hold Republicans responsible–as they seem to hold Republicans responsible for almost everything that goes wrong—but that could very well end-up as a positive down the road.
In a few months the main stream media, the people, and even some Democrats will realize the Republicans are serious. Continuing to blame Republicans for higher taxes on the “middle class”, sequestration across the board spending cuts involving many popular programs, losing important defense contracts, etc., etc., will accomplish about as much toward solving deficit/debt problems as pounding sand.
When/if that happens the blame for causing the problems just might shift to President Obama and the Democrats. They might feel the pressure and be agreeable to a reasonable retroactive resolution early in 2013, including tax reform and immediate spending cuts—that is if they are more interested in the future of the country than they seem to be in satisfying the base of their political party.
So to Republicans I say, do what’s right and risk consequences, because the risk is worth the reward.
- Fast-spreading wildfire north of Los Angeles prompts evacuations(Reuters) - Firefighters struggled on Sunday to contain a fast-spreading wildfire that has killed at least one person, destroyed 18 homes and forced hundreds of evacuations in the drought-stricken canyons north of Los Angeles, officials said. […]
- Iran says detains Iranian-American dual nationalDUBAI/WASHINGTON (Reuters) - Iran confirmed on Sunday the detention of an Iranian-American visiting the country, the latest in a string of arrests of dual nationals in the past year. […]
- California police officer shot at after traffic collision(Reuters) - A Northern California police officer was shot at while sitting inside a patrol car after a traffic accident, police said on Sunday. […]
- Four people, including child, shot dead at Texas home(Reuters) - Four people, including a child, were shot and killed at an apartment complex in Texas on Saturday, authorities said. […]
- Venezuela first lady's nephews confessed to drug scheme, U.S. saysNEW YORK (Reuters) - Two nephews of Venezuela's first lady, who face charges of conspiring to import cocaine into the United States, confessed to U.S. agents after being arrested in November to being involved in the drug scheme, newly-filed court records state. […]
- Seventeen people hurt when Hudson River ferry hits pier in New JerseyNEW YORK (Reuters) - Seventeen people were injured on Saturday when a ferry crossing the Hudson River from Manhattan hit the dock it was approaching in Jersey City, authorities said. […]
- Veteran Mexican drug lord says he didn't kill DEA agentMEXICO CITY (Reuters) - Veteran drug lord Rafael Caro Quintero denied carrying out one of the most notorious murders in Mexico's narco wars -- the killing of U.S. anti-drugs agent Enrique "Kike" Camarena in 1985 -- and said he was no longer involved in drug trafficking. […]
- Black Lives Matter protest Rio police violence ahead of OlympicsRIO DE JANEIRO (Reuters) - American activists from the Black Lives Matter movement marched with Brazilian partners through central Rio de Janeiro on Saturday, to protest police violence before the city hosts the first-ever Olympics in South America next month. […]
- Tropical Storm Darby nears Hawaii, emergency declared(Reuters) - Tropical Storm Darby bore down on Hawaii on Saturday, prompting its governor to declare an emergency over a storm expected to make landfall with strong winds and heavy rain later in the day. […]
- Dallas police job applications surge after fatal ambush attacksDALLAS (Reuters) - The Dallas Police Department, which was struggling to recruit officers, has seen a surge in job applications after the ambush shooting this month that killed five officers and brought global attention to the Texas city, officials said on Friday. […]
- Fast-spreading wildfire north of Los Angeles prompts evacuations
- Debbie Wasserman Schultz to depart as Democratic Party chairwoman after leaked emailsAllen ConePHILADELPHIA, July 24 (UPI) -- Debbie Wasserman Schultz will step down as Democratic National Committee chairwoman after leaked internal emails suggested favoritism toward Hillary Clinton.
- Munich killer planned attack for one year, German investigators sayAllen ConeMUNICH, Germany, July 24 (UPI) -- The gunman who killed nine people at a Munich mall Friday planned the attack for one year and visited the site of a 2009 school massacre, officials said Sunday.
- Zero-fuel Solar Impulse plane begins last leg of global journeyYvette C. HammettCAIRO, July 24 (UPI) -- Solar Impulse, a zero-fuel plane circumnavigating the globe, is now on its last leg of its worldwide journey.
- Turkish detainees tortured after failed coup, Amnesty International saysAllen ConeANKARA, Turkey, July 24 (UPI) -- Amnesty International claims credible evidence shows that detainees in Turkey are being beaten and tortured, including rape, after a failed coup.
- Baghdad suicide bombing targets Shia area, at least 21 deadYvette C. HammettBAGHDAD, July 24 (UPI) -- A suicide bomber targeted the mostly Shiite Iraqi neighborhood of Kadhimiya Sunday morning, killing at least 21 people.
- Nepal prime minister resigns ahead of no-confidence voteYvette C. HammettKATHMANDU, Nepal, July 24 (UPI) -- Nepal Prime Minister K.P. Oli resigned Sunday ahead of a no-confidence vote, accusing the Congress and Maoists of plotting a conspiracy against his government.
- ASEAN ministers begin annual negotiations amid South China Sea acrimonyYvette C. HammettVIENTIANE, Laos, July 24 (UPI) -- ASEAN foreign ministers are beginning negotiations in Laos amid intensive frustration over the gridlock created by China's stance on the South China Sea. […]
- G20 leaders say Brexit heightens risk to global economyYvette C. HammettCHENGDU, China, July 24 (UPI) -- Brexit heightens risks for the world economy, G20 summit leaders said of the UK vote to exit the European Union.
- Body found amid raging wild fire in Southern CaliforniaYvette C. HammettSANTA CLARITA, Calif., July 24 (UPI) -- A homicide investigation is under way after a body was found amid the wreckage of a raging wild fire in California.
- Democrats to bind two-thirds of superdelegates to state resultsYvette C. HammettPHILADELPHIA, July 24 (UPI) -- The Democratic Rules Committee voted to create a "unity commission" that will limit the role of super delegates.
- UPI Almanac for Sunday, July 24, 2016By United Press International On July 24, 1969, Apollo 11 returned to Earth, splashing down in the Pacific Ocean, where astronauts Neil Armstrong, Buzz Aldrin and Michael Collins were picked up by the recovery ship USS Hornet.
- Tropical Storm Darby bearing down on HawaiiEric DuVallHONOLULU, July 23 (UPI) -- Tropical Storm Darby is nearing landfall on the eastern short of the Big Island of Hawaii, bringing heavy rain and a potential for flooding and landslides.
- Small plane crashes into Connecticut house, injuring oneEric DuVallHADDAM, Conn., July 23 (UPI) -- At least one person was injured when a small plane crashed into a house in Connecticut on Saturday afternoon.
- Tappan Zee Bridge reopens after crane collapseEric DuVallTARRYTOWN, N.Y., July 23 (UPI) -- The Tappan Zee Bridge north of New York City has reopened to traffic in both directions five days after a construction crane collapsed on the span.
- Hillary Clinton officially unveils Tim Kaine as VP pickEric DuVallMIAMI, July 23 (UPI) -- Hillary Clinton unveiled her vice presidential pick, Virginia Sen. Tim Kaine, at a rally, calling him "everything that Donald Trump and Mike Pence are not."
- Flooding in China kills at least 170Eric DuVallXINGTAI, China, July 23 (UPI) -- More than 170 people have been killed and scores more are missing after flooding across China due to heavy rain over the past week, officials said.
- Search for missing Indian air force jet intensifies, hindered by bad weatherDaniel UriaCHENNAI, India, July 23 (UPI) -- India Defense Minister Manohar Parrikar joined an armed forces operation as the search for the missing military transport plane intensified.
- DNC emails appear to show staff plotted against Bernie Sanders during primaryEric DuVallWASHINGTON, July 23 (UPI) -- Emails sent within the Democratic National Committee have been posted online, showing apparent bias against former presidential candidate Bernie Sanders.
- China demolishes buildings at Tibetan Buddhist academy Larung GarDaniel UriaSICHUAN, Tibet, July 23 (UPI) -- China has reportedly begun demolishing buildings at Larung Gar, one of the largest Buddhist academies in Tibet.
- Gunmen release police officers held as hostages in Armenian capitalDaniel UriaYEREVAN, Armenia, July 23 (UPI) -- The National Security Service of Armenia confirmed the final four police officers who had been held hostage in a police station in Yerevan were released.
- Debbie Wasserman Schultz to depart as Democratic Party chairwoman after leaked emails
- Reports: Verizon to announce takeover of YahooAllen ConeNEW YORK, July 24 (UPI) -- Verizon Communications will announce plans to acquire Yahoo for around $4.8 billion, possibly by Monday, business news websites reported Sunday. […]
- Big banks getting serious about Venmo-style online transactionsEric DuVallWASHINGTON, July 23 (UPI) -- Several of the nation's largest banks are reviving efforts to get into the person-to-person online payment industry after the success of third-party app Venmo.
- Hershey Trust agrees to changes amid allegations of corruptionEric DuVallHERSHEY, Pa., July 23 (UPI) -- Hershey Trust Co. has agreed with the Pennsylvania attorney general's office to make governance reforms in the wake of a failed $23 billion takeover attempt.
- Johnson & Johnson subsidiary pays $18 million to U.S. in settlementSarah MuléWASHINGTON, July 23 (UPI) -- Johnson & Johnson's subsidiary, Acclarent, will pay $18 million to resolve allegations that the company marketed a medical device for use without FDA approval.
- Last known VCR manufacturer to stop productionSarah MuléOSAKA, Japan, July 23 (UPI) -- The last known VCR manufacturer will cease production of the machines at the end of July.
- BAE's first new rigid inflatable boat for Royal Navy competeGeoff ZiezulewiczPORTSMOUTH, England, July 22 (UPI) -- BAE Systems has completed the first of 60 next-generation Pacific 24 Mark-4 rigid inflatable boats being built for the British navy.
- Russia carries out Iskander-M electronic launches: ReportGeoff ZiezulewiczVLADIVOSTOK, Russia, July 22 (UPI) -- Missile troops in Russia's Far East have carried out first electronic launches from Iskander-M tactical ballistic missile system.
- China delivers third C28A corvette to AlgeriaGeoff ZiezulewiczALGIERS, Algeria, July 22 (UPI) -- China delivered a third C28A-class corvette to the Algerian navy earlier this month, China Daily reports.
- North Korea building bigger submarine pens: ReportGeoff ZiezulewiczWASHINGTON, July 22 (UPI) -- North Korea building fortified structure with what appears to be covered docks that could shelter ballistic missile submarines, Jane's Defence Weekly reports.
- Cotecmar delivers two ships to ColombiaGeoff ZiezulewiczBOGOTA, July 22 (UPI) -- The Colombian navy has taken delivery of two new Cotecmar-made amphibious landing ships, the Ministry of Defense announced Thursday.
- Kazakhstan's first special forces ship enters serviceGeoff ZiezulewiczASTANA, Kazakhstan, July 22 (UPI) -- Kazakhstan has launched its first modernized special forces ship for the country's naval forces, the ministry of defense announced.
- Oil prices drift lower, balancing modest industry optimismDaniel J. GraeberNEW YORK, July 22 (UPI) -- Crude oil prices held relatively flat at the start of trading Friday, with modestly upbeat industry sentiment balancing against lingering European concerns.
- Russia expands Pacific submarine fleet with quieter, better armed vesselsRakesh Krishnan Simha, Special to Russia Beyond the Headlines Russia's pivot to Asia is resulting in a revamp of its Pacific fleet, which over the next decade will go from its smallest to its biggest naval asset.
- Poll: Republican voters see Big Oil as big dealDaniel J. GraeberCLEVELAND, July 22 (UPI) -- Though most would-be voters back a strong U.S. energy sector, a survey finds a hawkish oil and gas policy is backed more by those considered Republicans.
- Polish antitrust body wary of Nord Stream IIDaniel J. GraeberWARSAW, Poland, July 22 (UPI) -- An expansion to a Russian natural gas pipeline in the Baltic Sea, Nord Stream, would inhibit market competition, a Polish antitrust authority said Friday.
- Australia's Santos sees lingering industry pressuresDaniel J. GraeberADELAIDE, Australia, July 22 (UPI) -- Showing quarterly pressures, but year-on-year improvements, Australian energy company Santos said its strategy is supporting forward momentum.
- Transocean's latest rig contract revised lowerDaniel J. GraeberZUG, Switzerland, July 22 (UPI) -- Offshore rig company Transocean revealed it started on a new contract for drilling in the deep waters of the U.S. Gulf of Mexico, though at a reduced day rate.
- Total lands LNG deal with JapanDaniel J. GraeberPARIS, July 22 (UPI) -- French energy company Total said Friday it landed a 17-year agreement to supply liquefied natural gas to the Japanese market starting in 2019.
- Schlumberger: We've reached the bottomDaniel J. GraeberLONDON, July 22 (UPI) -- The energy market has clearly turned the corner, but the industry still faces headwinds without significant price recovery, Schlumberger's CEO said.
- Antitrust officials sue to block mergers of four major U.S. health insurersDoug G. WareWASHINGTON, July 21 (UPI) -- U.S. officials filed lawsuits Thursday to block mergers among four of the largest American health insurers, over concern they will lead to higher costs.
- Reports: Verizon to announce takeover of Yahoo