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As Xinhua reports,
A researcher with China's central bank on Tuesday blamed wide expectation of a Fed rate rise in September for the global market rout.
Yao Yudong, head of the People's Bank of China's Research Institute of Finance, said the expected Fed rate hike next month had been the "trigger" for the wild market swings.
Analysts worried that the Fed rate hike could accelerate the plunge of U.S. stocks andtrigger a sell-off of assets worldwide and even a new global credit crisis.
Yao said the Fed should remain patient before the U.S. inflation reaches 2 percent.
© Larry Downing / ReutersA view shows the Federal Reserve building
Speaking to RT, economist Peter Schiff of Euro Pacific Capital Inc. said that there is a lot of "scapegoating" surrounding China and the yuan's devaluation when it comes to the recent downward fortunes of global stock markets, but that the Federal Reserve is the more responsible culprit when it comes to any instability in the American economy.
"This is not about China. This problem is made in America. It's all about the Fed. The Fed inflated this bubble and now they're threatening to prick it. Everybody expects the Fed to actually raise interest rates," Schiff said, after US stocks rallied early Tuesday before crashing in the final hour of trading.
He went on to say that he believes the possibility of the Fed raising rates is "a bluff," and that doing so would trigger another financial crisis.
© twitter.comAirstrikes on ISIS positions
The investigation began after at least one civilian Defense Intelligence Agency analyst told the authorities that he had evidence that officials at United States Central Command — the military headquarters overseeing the American bombing campaign and other efforts against the Islamic State — were improperly reworking the conclusions of intelligence assessments prepared for policy makers, including President Obama, the government officials said.
Fuller details of the claims were not available, including when the assessments were said to have been altered and who at Central Command, or Centcom, the analyst said was responsible. The officials, speaking only on the condition of anonymity about classified matters, said that the recently opened investigation focused on whether military officials had changed the conclusions of draft intelligence assessments during a review process and then passed them on.
© Jason Lee
Reality doesn't mean early onset doom and gloom.
The danger of making 2 plus 2 equal 5 or 6 in this volatile interim is all too real. So is another week of panic in the bond and equity markets—as bad as or worse than the wholly unwarranted freak-out we've just been through.
© Kate Munsch / ReutersPolice guard the Municipal Court in Ferguson, Missouri, March 2015.
Issued by Ferguson Municipal Court Judge Donald McCullin, the order applies to all arrest warrants prior to December 31, 2014, whether for minor traffic violations or more serious offenses. Close to 10,000 warrants are affected by the decision, municipal prosecutor Stephanie Karr told the St. Louis Post-Dispatch.
"These changes should continue the process of restoring confidence in the court, alleviating fears of the consequences of appearing in court, and giving many residents a fresh start," said McCullin, who was appointed to the post in June. His predecessor, Ronald Brockmeyer, resigned in March following a scathing Department of Justice report accused Ferguson of unconstitutional practices and racial profiling.
Comment: Wow, a town of 21,000 voids 10,000 arrest warrants! That is almost half of the population! This seems like great news but will do little to really change the town's image of racial profiling.
© Vladimir Astapkovich / RIA Novosti
Sergey Lavrov's article 'History Lessons and New Frontiers' has been published in Russian Rossiyskaya Gazeta and the Chinese People's Daily along with a piece by China's Foreign Minister Wang Yi.
"Today we see barefaced craving to falsify the history of war (WWII) and equalize victims and slaughterers. This urge does not only revolt feelings of our people, but also undermines the basis of the modern world order perpetuated in the United Nations' Statute," Lavrov wrote.
It is highly important that Russia and China present a united front in persistently presenting the historical truth, Lavrov stressed, paying special attention to the significance of Chinese leader Xi Jinping's visit to Russia on the Victory Day and the march of Chinese soldiers on Red Square during the celebrations.
Comment: It's easy to see why Russia and China are painted as villains by the West when you read Lavrov's words. The U.S. believes in the exact opposite of what they do. Since the leaders of the U.S. are bound and determined to hold full hegemonic control of the world, they cannot let either country get enough control to change the global geopolitical makeup. Unfortunately for them, and fortunately for humanity, they are failing.
© Flickr/ Michael Baird
Chairman of the Joint Chiefs of Staff Martin Dempsey entered certified Donald "known unknown" Rumsfeld territory when he recently tried to conceptualize the "threat"; "Threats are the combination, or the aggregate, of capabilities and intentions. Let me set aside for the moment, intentions, because I don't know what Russia intends."
So Dempsey admits he does not know what he's talking about. What he seems to know is that Russia is a "threat" anyway — in space, cyber space, ground-based cruise missiles, submarines.
And most of all, a threat to NATO; "One of the things that Russia does seem to do is either discredit, or even more ominously, create the conditions for the failure of NATO."
So Russia "does seem" to discredit an already self-discredited NATO. That's not much of a "threat".
All these rhetorical games take place while NATO "does seem" to get ready for a direct confrontation with Russia. And make no mistake; Moscow does view NATO's belligerence as a real threat.
© Khaled Abdullah / Reuters
The apparent war crime committed has tragically become an almost daily occurrence during five months of relentless aerial bombardment of Yemen by a Western-backed coalition of foreign powers.
In recent days, there were similar air strikes on civilian centers in the Red Sea port city of Hodeida and the northern province of Saada. In the Hodeida strike, which killed several dock workers, the British charity Save the Children said it believed the attack was a deliberate bid by the Saudis to sabotage aid supplies to the civilian population.
Surely, this should be front page news, with CNN, the BBC and France 24, among other big Western media outlets, splashing it as their top story. The onus is on them because their governments are implicated in grave crimes. However, there has been no news coverage of the tragic events. Aside from some brief, vague reports of a generalized humanitarian crisis, there has been a wall of silence as to how the Western-backed Saudi-led coalition is pulverizing Yemeni civilians and creating the crisis. That suggests a deliberate blackout by Western media.
© Shannon Stapleton / Reuters
Long billed as a groundbreaking tool to thwart terror plots or other major crimes, a suitcase-sized cell-site simulator was used by the Baltimore Police Department to nab a phone thief, catch a woman who sent "threatening and annoying" text messages, and someone who stole credit cards to pay two months' rent at a self-storage unit.
Surveillance records show that Baltimore police used stingray technology in 837 criminal cases identified by USA Today. In addition, Baltimore authorities routinely hid proof of stingray usage in court, with about a third of cases ending up in dismissal and only about a 50-percent conviction rate.
Maryland state law requires defense lawyers to be told about any use of electronic surveillance.
Comment: See also:
- Feds instructed police to lie about using Stingray mobile phone equipment
- LAPD using controversial spy tool in routine crime cases
- To prevent ACLU review, U.S. Marshals transfer controversial 'Stingray' cellphone surveillance
- StingRay - the cellphone tracking tech police won't talk about
Comment: Falsifying records, deceiving the public, "possibly misleading" the supreme decision-makers...and the penalty for this might be...? Or is this just another layer of problem solving to pull the wool, gain confidence and divert a real investigation or something else. From the looks of it, we have a 3-D pseudo war of Distortion, Deception and Disinformation. "Service Bias"...now there's an interesting term for manipulation and lying!