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Purveyor's Journal
Purveyor's Journal
June 14, 2016

Convention is going to be a 'sleeper' with most likely the lowest

ratings in the history of convention coverage unless there is something of interest to watch.

Hillary isn't it.

June 11, 2016

England And Russia Fans Riot In Marseille At Euro 2016


MARSEILLE, France (AP) -- England and Russia fans rioted Saturday at the Old Port in Marseille and outside the city's Stade Velodrome before the two countries met in a soccer match at the European Championship.

It was the third straight day of violence in the Mediterranean port city, reviving bitter memories of clashes involving England fans at the 1998 World Cup.

Police fired tear gas and water cannons at rioters around the city to rein in violence that authorities said left at least five people injured. Some fans walked through the city bare-chested and with blood dripping from head wounds.

Amid the broken beer bottles and gray clouds of tear gas, families and tourists walked around the picturesque port, sometimes forced to skirt around lines of riot police leaning on their shields. Groups of people watched the chaos from the rear decks of two gleaming white yachts.

Read more: http://hosted.ap.org/dynamic/stories/S/SOC_EURO_2016_MARSEILLE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-06-11-16-04-58

June 11, 2016

Thousands March For Gay Rights In Poland, Croatia, Italy


WARSAW, Poland (AP) -- Thousands of people marched Saturday in colorful gay pride events in Italy, Poland and Croatia urging support for minority rights in the mostly Catholic nations.

The parades in Poland and Croatia come amid mounting right-wing sentiments that pose new challenges to gay rights activists. Italian participants, however, had more reason to celebrate after winning the right to form same-sex civil unions this year.

Still, the Italians said there is far more to be done given the limited nature of the new civil union law, which took effect last Sunday.

Italy doesn't allow same-sex marriage, and gay rights proponents failed to get the civil unions law to include adoption by a gay civil union partner of the biological child of the other person in the union.

Read more: http://hosted.ap.org/dynamic/stories/E/EU_EUROPE_GAY_RIGHTS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-06-11-16-01-32

June 11, 2016

Damn is this place going to shit! Only 6 LBN topics in the last 12 hours? Shouldn't be long

now until the "echo" resounds totally.

5 days, just 5 days...

June 11, 2016

"Trump Sucks" Shirtless Fan Gets Tackled In Game 4 Of NBA Finals After Running On To Court


A fan decided to make a political statement in Game 4 of the NBA Finals. It likely didn't go as he planned.

Running on to the court in the fourth quarter, a shirtless man with the words "Trump Sucks" written on his body was quickly tackled by arena security before he could reach any players. He was also carrying something in his hand (perhaps his phone) which went flying down the court after being taken down.

Here's another angle, which shows the sheer number of security guards that surrounded the anti-Trump protester:

Kudos to the Quicken Loans Arena security staff who quickly took the man down before he could get to any of the players. However, how he even got on the court is still puzzling. The NBA takes player security very seriously and this is the second time in three years that a fan has run on to the court in Cleveland. Coupled with a young boy running onto the court in New Orleans and another child getting on the court in Miami, the NBA may ask teams to beef up courtside security next season as it seems like fans somehow keep getting past guards throughout the league.

Read more: http://www.cbssports.com/nba/news/watch-shirtless-fan-gets-tackled-in-game-4-of-nba-finals-after-running-on-to-court/

June 10, 2016

UPDATED: Guest/Panel Lineups For The Sunday News Shows (Sanders on SOTU, FTN, This Week, MTP)

State of the Union 2016 politics: Democratic presidential candidate Sen. Bernie Sanders (D-Vt.); 2016 politics, Hillary Clinton’s campaign: Former Clinton White House chief of Staff John Podesta; 2016 politics: Former Gov. Mitt Romney (R-Mass.).

Fareed Zakaria GPS The economy, last week’s jobs numbers, China, the “Brexit,” possible Puerto Rico default, world leaders’ opinions of Donald Trump: Treasury Secretary Jacob J. Lew.

Face the Nation 2016 election: Sen. Bernie Sanders (D-Vt.); new plan to combat poverty, Trump campaign: House Speaker Paul D. Ryan; opposition to Trump’s candidacy: Sen. Jeff Flake (R-Ariz.); 2016 election: Trump campaign manager Corey Lewandowski.

Meet the Press Democratic presidential candidate Sen. Bernie Sanders (D-Vt.); Sen. Jeff Flake, R-Ariz

This Week With George Stephanopoulos House Speaker Paul D. Ryan (R-Wis.); Sen. Bernie Sanders (D-Vt.); Trump campaign strategist Paul Manafort; U.S. Atty. Preet Bharara, Southern District of New York.

Fox News Sunday With Chris Wallace 2016 election, Trump campaign: Sen. Jeff Sessions (R-Ala.); 2016 election, Hillary Clinton’s possible pick for vice president: Sen. Amy Klobuchar (D-Minn.).

Reliable Sources Twitter wars, Clinton’s celebration, Trump’s teleprompter and BuzzFeed’s Trump ad ban; being a Trump surrogate; third-party candidacies.

June 10, 2016

DEA Wants Inside Your Medical Records to Fight the War on Drugs

The feds are fighting to look at millions of private files without a warrant, including those of two transgender men who are taking testosterone.

Marlon Jones was arrested for taking legal painkillers, prescribed to him by a doctor, after a double knee replacement.

Jones, an assistant fire chief of Utah’s Unified Fire Authority, was snared in a dragnet pulled through the state’s program to monitor prescription drugs after someone stole morphine from an ambulance in 2012. To find the missing morphine, cops used their unrestricted access to the state’s Prescription Drug Monitor Program database to look at the private medical records of nearly 500 emergency services personnel—without a warrant.

Jones was arrested along with another firefighter and a paramedic on suspicion of prescription fraud.

Now the Drug Enforcement Administration wants that same kind of power, starting with access to an Oregon database containing the private medical data of more than a million people.

The DEA has claimed for years that under federal law it has the authority to access the state’s Prescription Drug Monitor Program database using only an “administrative subpoena.” These are unilaterally issued orders that do not require a showing of probable cause before a court, like what’s required to obtain a warrant.

In 2012 Oregon sued the DEA to prevent it from enforcing the subpoenas to snoop around its drug registry. Two years ago a U.S. District Court found in favor of the state, ruling that prescription data is covered by the Fourth Amendment’s protection against unlawful search and seizure.



June 10, 2016

How Far Can Oil Rally? Investors Wager on Surge Above $100

Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years -- a clear sign some believe today’s bust is sowing the seeds of the next boom.

The options deals, which brokers said bear the hallmarks of trades made by hedge funds, appear to be based on the belief that current low prices will generate a supply crunch as oil companies cut billions of dollars in spending on developing fields. The International Energy Agency forecasts that non-OPEC supply will suffer its biggest decline in more than two decades this year.

"The market faces a supply crunch in the next 24 months," said Francisco Blanch, head of commodities research at Bank of America Merrill Lynch in New York. "Some hedge funds are betting that oil prices will need to rise sharply to bring demand down again -- that’s why they are buying deep out-of-the-money call options."

Over the last month, investors have bought call options -- giving the right to buy at a predetermined price and time -- for late 2018, 2019 and 2020 at strike prices of $80, $100 and $110 a barrel, according to data from the New York Mercantile Exchange and the U.S. Depository Trust & Clearing Corp.

Even before the most recent flurry, some investors had already built super-bullish positions. The largest number of outstanding contracts -- or open interest -- across both bullish and bearish options contracts for December 2018 is for calls at $125 a barrel. For December 2020, it’s for $150 calls.

"I do think we are setting up for a spike higher, but it’s probably not till 2018, or maybe late 2017, because we are losing immense amounts of supply," said Amrita Sen, chief oil analyst at consultants Energy Aspects Ltd.



June 10, 2016

Obama Expands Military’s Role in Afghan War He Sought to End

U.S. troops will deploy alongside conventional Afghan forces as President Barack Obama, in a sign that peace negotiations and nation-building in Afghanistan have foundered, broadens a mission he had long hoped would be over by year-end.

American forces will have an expanded mandate to target groups including the Taliban in Afghanistan, aiding their Afghan counterparts not only in training and advising but also accompanying them on the ground and in the air, an administration official said. The U.S. has had troops in Afghanistan since just after the September 11, 2001 terrorist attacks.

“It is a realization that the policy that stressed on peace-making and political dialogues was premature and not framed according to ground realities,” Omar Samad, a former Afghan ambassador to Canada and France, said in an e-mail. “This is now Obama’s war, and part of his legacy will be determined by how he handles the end stage and what he leaves behind for the next administration.”

Drone Strike

Obama, who ran for his second term on a platform that included ending U.S. involvement in wars in Afghanistan and Iraq, decided in October 2015 to delay a planned draw-down and maintain 9,800 U.S. troops in Afghanistan through 2016. The expanded U.S. role comes less than a month after a U.S. drone strike in Pakistan killed Taliban leader Mullah Akhtar Mohammad Mansour. Obama said that action sent “a clear signal to the Taliban and others that we’re going to protect our people” because Mansour and the Taliban had been “specifically targeting U.S. personnel and troops inside of Afghanistan.”



June 10, 2016

Brexit Poll Sees 10-Point ‘Leave’ Lead Two Weeks Before Vote

Source: Bloomberg

The campaign for Britain to leave the European Union took a 10 percentage-point lead in a poll published late Friday, less than two weeks before the country votes in a referendum.

The survey of 2,000 people by ORB for the Independent newspaper found 55 percent in favor of a so-called Brexit, up 4 points since a previous poll in April, with 45 percent for “Remain,” down 4 points. It’s the biggest “Leave” lead recorded by ORB in polls for the newspaper.

It’s the latest online poll to suggest an advance for the “Leave” campaign, while a YouGov survey published Monday put “Remain” narrowly ahead. Polling companies themselves have expressed doubt about the reliability of their surveys, having failed to forecast the result of last year’s British general election.

The pound slumped after the poll as doubt creeps into some investors minds that Prime Minister David Cameron will be able to pull off the biggest political gambles in recent British history. While pollsters have cautioned against over-interpreting their findings and another survey this week showed “Remain" in the lead, Cameron himself is showing signs of unease.

Read more: http://www.bloomberg.com/news/articles/2016-06-10/brexit-poll-shows-leave-in-10-point-lead-two-weeks-before-vote

Stocks, Oil Sink While Dollar Rallies as Brexit Risk Ramps Up

Global stocks posted their steepest drop in four months, the dollar rallied, and bond yields slid to record lows, as investors braced for a series of events later this month that could renew turbulence in markets.

The British pound tumbled and stocks took another leg down after poll results showed a majority favor the nation leaving the European Union.

Both the MSCI All-Country World Index and S&P 500 Index wiped out weekly gains. Treasury 10-year note yields declined, as yields from Japan to Germany fell to all-time lows, before next week’s Federal Reserve meeting and Britain’s referendum this month. Oil dropped to around $49 a barrel, leading commodities lower.

“It’s getting ugly,” Mark Kepner, managing director and equity trader at Themis Trading LLC in Chatham, New Jersey, said by phone. “There’s another Brexit poll out and the market just tanked. We’ve got our Fed meeting next week and we’re less than two weeks away from this vote. We’ve had some good gains and nice rally so when a poll late in the afternoon comes out it’s just taking some chips off the table.”

Optimism that drove riskier assets from equities to commodities higher this week may have peaked before meetings by the Fed and the Bank of Japan, Britain’s vote and U.S. political conventions, all of which have the potential to roil markets. Investors also face simmering concerns over the health of the economy, lackluster corporate profits and the effectiveness of central-bank stimulus. While policy makers have tried to shore up economies, they’ve pushed yields lower, hurting earnings prospects for banks.



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