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Chinese state banks ditch US dollar to protect yuan

dollar yuan
China's state-owned banks have reportedly been buying US dollars in forwards on behalf of the central bank (PBOC) and immediately selling them on the spot market for yuan to support the domestic currency.

PBOC deputy governor and head of the foreign exchange regulator Pan Gongsheng said China was confident it could keep the yuan basically stable and at a "reasonable" level.

A government central bank buys domestic currency when it wants to strengthen it. By protecting the buying power of domestic currency the country protects its citizens from inflation risks and rising consumer prices.

Heart - Black

Portland police kill good samaritan trying to break up a fight

police shoot veteran
A community is outraged after a father and U.S. Navy veteran was shot and killed by police while witnesses claim he was trying to break up a fight, but when his handgun fell out of its holster and he reached to pick it up, police did not hesitate to open fire on him.

Jason E. Washington, 45, will be remembered as a beloved father of three daughters who married his high school sweetheart, served in the Navy, and was working as a U.S. postal worker. He was also the only one who attempted to break up a fight that broke out on a street corner in downtown Portland while nearby police did nothing to help.

Witness Keyaira Smith began filming the encounter, and she told Oregon Public Broadcasting that she believes Washington was just "trying to be a good Samaritan" by attempting to break up the fight, and when two Portland State University Police officers approached the scene, they "did not appear to try to stop the fight."

The video shows Washington attempting to corral a man in a blue shirt, who Smith said was responsible for starting the conflict because he was using racial slurs against a Black man nearby.

"The guy in blue had used some racial slurs earlier when they were in the street kiddy corner to where they were in this video and that's what brought it to this point, and started the whole thing," Smith said.

Propaganda

BBC shuts down reporter during broadcast detailing MI6's role in working with Libyan terrorists

Man in chain
© Velar Grant/ Global Look Press
The BBC is facing accusations of covering up Britain's involvement in torture, after a reporter's feed cut out as he was detailing accusations that MI6 worked with Libyan forces against anti-Muammar Gaddafi dissidents.

A widely-circulated clip shows BBC home affairs correspondent Dominic Casciani reporting about British intelligence agency MI6's role in assisting Libyan forces in their abduction of former dissident Abdul Hakim Belhaj. Just 39 seconds into the report, the screen goes grey, cutting back to the alarmed presenter, Jo Coburn, who cites "technical interference" before the transmission is cut off.

Belhaj, following a long court case, was granted an apology from the UK government for its role in his abduction by Libyan forces, and the offer of £500,000 in compensation. Belhaj, a founder of the anti-Gaddafi Islamist al-Watan Party, was abducted in Thailand with his wife in 2004 and brought to Libya, where he was tortured by Gaddafi's forces during six years of detention.


Megaphone

Stop causing the discord that you are whining about

protest occupy ice
The level of verbal discourse in this country has reached a new low with the issue of illegal immigrants entering the country's consciousness because some have been separated from their children. This issue is worthy of a discussion to have as a country. That being said, the level of debate has reached a demeaning and harmful low as some are invoking language and taking actions that are not only improper, but downright uncivil and un-American.

This column does not debate the issues, but rather confronts the behavior of certain individuals. We can all agree that families showing up at our border looking to enter America is a problem that needs to be dealt with by our leadership. This problem has existed for a long while being confronted by the last administration, but has accelerated in recent months. You may think that it is being handled poorly by the current administration, but stooping to some of the name calling and imagery is beneath us as a society.

When you invoke the term "Nazis," you automatically lose unless the people involved adhere to and believe in Nazism -- and that is rare today. Your political opponents are not Nazis and our current government officials are not comparable to Nazis in the treatment of immigrants.

If you have not been to the Holocaust Museum in Washington, D.C., I suggest you go. I was honored to serve four years on the Museum's oversight council. Alternatively, you can stay in your home and watch Schindler's List. After doing either of these, you would feel ashamed for comparing our leadership and government officials to the inhumane behavior that took place during the Holocaust.


Comment: Don't hold your breath. One needs to understand that 'shame' is the last thing those on the left are going to feel about their despicable behaviour to those who hold a different viewpoint.We're way past the "you're a Nazi" slur.


Comment: See also:Behind the Headlines: 2018, The Year The Left Became Completely Unhinged


Bizarro Earth

Mr wins Miss Universe Spain, aims to win Miss (bizarro) Universe

Angela Ponce
© angelaponceofficial/instagram
Angela Ponce
Twenty-six-year-old Angela Ponce has surpassed 22 other contestants, becoming the first transgender person to win Miss Universe Spain. She will represent her country in the Miss Universe beauty pageant later this year. According to media reports, she will become the first woman, born male, to compete six years after the transgender ban was lifted.

The newly crowned Miss Universe Spain, Angela Ponce, stirred social media, becoming the first transgender person to get the title in her country.

Ponce, who is originally from Seville, had already taken part in the country's Miss World Spain beauty pageant in 2015, but failed to secure the winner's crown.

After being crowned Miss Universe Spain, she thanked those who supported her and voiced her commitment to promoting equal rights for the LGBTQ+ community.

Comment: Your gender doesn't change just because you've had reassignment surgery and take massive amounts of hormones. But in the end, no sane person cares about these 'beauty' pageants anyway, they already were a sign of the end times. And this is just another example of the peak distortion of reality we are living in that the height of female beauty is now a male in a dress: Also check out SOTT radio's: The Truth Perspective: Explaining Postmodernism - Interview with Stephen Hicks


Bizarro Earth

European Court of Human Rights obliges Russia to repay Soviet bond debt to Russian claimants

soviet
© Wikipedia
Moscow mulled ending its cooperation with the Court earlier this year due to the fact that many of its decisions were said to run counter to Russia's interests.

In a press release put out by the Court Tuesday, the ECHR reported that it has urged Russia to settle an undisclosed amount of Soviet premium bond debt from 1982 being held by private individuals in Russia which it said Moscow had undertook to pay off but failed to redeem.

"In today's Chamber judgement in the case of Volokitin and Others v. Russia...the European Court of Human Rights held, unanimously, that there had been: a violation of Article 1 of Protocol No.1 (protection of property) to the European Convention on Human Rights in respect of several of the applicants," the statement read.

Comment: Russia seems to have settled its debts quite amicably and has been dealing quite fairly for many years, so one would think if these individuals were due compensation they would have received it.


Marijuana

Georgia cops accidentally find 'grow house' with $1.2M-worth of marijuana

Marijuana
© Facebook
Georgia deputies got a lucky break when they stumbled upon a massive, $1.2 million marijuana grow house, while making a house call on an unrelated matter in Cherokee County.

The Cherokee County Sheriff's Office paid a visit to the home of Carlos Suarez-Diaz Canton on Friday, looking for a suspect to serve a felony arrest warrant. They found a lot more than they'd bargained for when they entered the basement: A forest of plump marijuana plants.
"When deputies attempted to make contact with the wanted subject, not Suarez-Diaz, they located an unsecured door in the basement area of the home." Cherokee County Sheriff Frank Reynolds said in a statement. "When the deputy opened that door they observed what appeared to be a large marijuana grow house."
The grow house contained a whopping 247 plants and over 100 pounds of weed. According to authorities, the drugs had a street value of $1,287,000.

"This is not a mom and pop operation. This is a very sophisticated operation," Cmdr. Phil Price of Cherokee Multi-Agency Narcotics Squad told WSBTV.

Comment: The tide is turning on the criminalization of hemp and marijuana. See also:


Sheriff

Negligent cop runs over 2-year-old toddler after serving a warrant

injured toddler
The Overton County Sheriff's department has launched an investigation after a 2-year-old toddler was allegedly run over by a deputy in front of the family's home on Friday. In a dramatic Facebook post, the boy's mother posted images and called out police.

The family of Kayden Blodgett, the 2-year-old victim took to Facebook Friday night after the incident to explain what happened, noting that a "county cop in Livingston" ran him over.

"So I just ran outside, and before I could even ask what happened, I saw his face covered in blood," his mother, Cassie Blodgett, recalled.

Joshua Blodgett, Kayden's father told News Channel 5 that his son was run over just after he'd spoken to the deputy. According to the family and the sheriff's office, the deputy was at the home to serve a civil warrant Friday night.

"And then he got back into his car while I was talking to the other deputy, and I guess he took off and didn't look around, look at his surroundings or anything. I guess he hit my son, and he went about ten feet that way, and then stopped and my son ran to me," Blodgett said.

Handcuffs

UK healthcare worker held on suspicion of murdering 8 babies in neonatal unit

Countess of Chester hospital
© Andrew Yates/Reuters
Countess of Chester hospital.
A healthcare worker at the Countess of Chester hospital in Cheshire was arrested Tuesday, on the suspicion of murdering eight babies and attempting to kill six others.

Cheshire police stated that the woman was in custody following an investigation into the deaths of 17 babies, and 15 "non-fatal collapses" between March 2015 and July 2016, the hospital's neonatal unit.

Leading the investigation, DI Paul Hughes said: "Whilst this is a significant step forward in our enquiries it is important to remember that the investigation is very much active and ongoing at this stage.

"There are no set timescales for this coming to a conclusion but we remain committed to carrying out a thorough investigation as soon as possible."

Newspaper

Annapolis residents hold candlelight vigil for Capital Gazette victims

candlelight vigil
© Jose Luis Magana / AP
Residents gather for a candlelight vigil June 29, 2018.
Gathered near the capitol building in Annapolis under a darkening sky Friday, residents shocked by the deadly shooting at their hometown newspaper just a day earlier expressed grief, anger, and pride - pride that officers responded so quickly and that the Capital Gazette staff put out a paper despite the tragedy.

"Awesome," Hal Whitacre, a city resident of 30 years, said of the newspaper's resolve, his voice trembling with emotion. "That's the only word for it."

On Thursday, a man opened fire in the Capital Gazette offices, killing five staffers and injuring two others. The suspect, 38-year-old Jarrod W. Ramos, was charged with five counts of first-degree murder. The dead included Wendi Winters, an award-winning reporter who covered community news; Robert Hiaasen, an editor known for his humor; Gerald Fischman, an editorial writer; Rebecca Smith, a new sales assistant; and John McNamara, who worked for the Capital Gazette in various roles for more than 20 years.