USA - The government keeps on lying about how it’s spying on Americans without authorization from a court. It keeps lying about the scope of its spying. It keeps lying about the need for mass surveillance and the way that the information gained from spying will really be used … to harass political opponents.
USA - Ted Kaczynski, aka the Unabomber, was rightly imprisoned for life in 1998 for sending bombs that maimed and killed three people and injured 23 more, from 1978 to 1992. No one can excuse his terrorism. Kaczynski’s ideas, however, described in a manifesto entitled, "Industrial Society and Its Future," cannot be dismissed, and are increasingly important as our society hurtles toward individual disempowerment at the hands of technology and political forces that erode autonomy.
USA - If you have a “sweet tooth” or are under the age of 15, an ice cream shop can seem like heaven on earth — coolers filled with tubs of the cold, smooth, sweet stuff, in countless different flavors and colors. Sometimes ice cream makers reach a little too far in their flavor creations, and recent developments in meat processing could push that envelope way too far, in using animal meat waste as an ice cream ingredient.
USA - The US Federal Reserve has jumped the gun. It has mishandled its exit strategy from quantitative easing, triggering a global bond rout that it did not anticipate, and is struggling to control.
UK - Millions of households would be plunged into crisis by even a small rise in interest rates, a Bank of England report has shown. The Bank has launched an urgent investigation into the impact of a rise, amid fears millions will struggle to cope.
USA - What does it look like when a 30 year bull market ends abruptly? What happens when bond yields start doing things that they haven't done in 50 years? If your answer to those questions involves the word "slaughter", you are probably on the right track.
USA - The vast majority of Americans are going to be absolutely blindsided by what is coming. They don't understand how our financial system works, they don't understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems.
EUROPE - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.
USA - The US Supreme Court delivered a major victory for gay rights today with a landmark ruling to give married same-sex couples the same benefits as their straight counterparts. In one of the most significant civil rights decisions since the end of segregation, the high court ruled it was unconstitutional for the federal government to define marriage as exclusively between a man and a woman.
SWITZERLAND - The Geneva conference on the Syrian Civil War was supposed to take place in June, but the only talks that ever happened in Geneva came today, when the US and Russia spent five solid hours trying to reach a deal on the talks. And failing.
USA - Leading liberal Noam Chomsky said yesterday: “The Obama administration is dedicated to increasing terrorism. In fact, it’s doing it all over the world. Obama is running the biggest terrorist operation that exists, maybe in history: the drone assassination campaigns, which are just part of it. All of these operations, they are terror operations.”
USA - President Bill Clinton released a statement, together with his wife Hillary Clinton, hailing the Supreme Court's decision to overturn the Defense of Marriage Act, a bill he signed into law in 1996. "By overturning the Defense of Marriage Act, the Court recognized that discrimination towards any group holds us all back in our efforts to form a more perfect union. We are also encouraged that marriage equality may soon return to California. We applaud the hard work of the advocates who have fought so relentlessly for this day, and congratulate Edie Windsor on her historic victory," the Clintons' statement reads. The statement makes no mention of their previous support for the law.
USA - Dissenting from this morning's opinion on the Defense of Marriage Act, Justice Antonin Scalia – as expected – holds nothing back. In a ripping dissent, Scalia says that Justice Anthony Kennedy and his colleagues in the majority have resorted to calling opponents of gay marriage "enemies of the human race."
VATICAN - Pope Francis ordered an inquiry into the activities of the Vatican bank today, after fresh accusations of corruption and continued questions about its secrecy. Francis named a commission to investigate the bank's legal structure and activities 'to allow for a better harmonization with the universal mission of the Apostolic See,' according to the legal document that created it. The announcement came after prosecutors in Salerno placed senior Vatican official Monsignor Nunzio Scarano under investigation for alleged money-laundering.
USA - The American economy runs on confidence, confidence that the world accepts the US dollar as world reserve currency, confidence that the US bond market will remain the standard.