Seagate lays off 6,500 employees. Labor market continues to deteriorate. Wholesale inventories hold at recessionary highs. IMF cuts Italy’s outlook and says the contagion might spread to other banks. The mystery has been solved of why the stock market it continually going up and making new highs. Obamacare is completely falling apart and more co-ops close, now Obama is calling for the public option. Harvard study shows the Dallas shooting and others is not race motivated, the corporate media and government is trying to convince us that it is. Police are collecting Iris scans and sharing the data with other agencies.South Sudan is on the brink of war, another US invasion and take over of a country did not work. North Korea is being pushed into starting a war. Lavrov and Kerry are meeting to discuss Syria. Russia bombs terrorist base of operation, while the US took the information and warned the terrorists to get out of the area.
Check Out The X22 Report Spotlight YouTube Channel – X22Report Spotlight
Please check Newzsentinel.com for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.
Current News – 07.12.2016
- lay off 14% of it workforce, or some 6,500 people. in late June, the company announced it planned to cut “only” 1,600 jobs
- job openings to declined the drop was far steeper than expected.
- In May, the BLS reported that the number of total hires was only 5.036MM, the third month in a row of declines, and the lowest print since November 2014 as suddenly employers clamped down on new (seasonally-adjusted) hiring.
- the Beveridge curve, is showing the same pattern as 2007-2008
- inventories remain 0.5% higher YoY with sales down 2.5% leaving the inventories-to-sales ration hovering at 1.35x – previous recession highs.
- Inventories continue to rise and sales drop…
- leaving inventories-to-sales at recessionary peaks…
- Italy’s economy will grow by less than one percent this year, reports the International Monetary Fund (IMF), cutting earlier growth projections.
- with investors pulling money out of equity funds (at last check for 17 consecutive weeks) at a pace that suggests a full-on flight to safety,
- Matt King reports “a surge in net global central bank asset purchases to their highest since 2013.”
- Only a third of Obamacare co-ops are still in operation after two more co-ops announced they were closing their doors in the past week.
- Connecticut’s co-op, HealthyCT, was placedunder an immediate order of supervision on July 5 after being forced to pay $13.4 million for the Affordable Care Act’s risk adjustment program.
- eight co-ops in existence out of the 23 initially created under Obamacare.
- President Obama joined the chorus of Democrats calling for the creation of a government run health insurance program as Obamacare is facing growing problems.
- A public option would mean a government run health insurance plan.
- The public health insurance option, also known as the public insurance option or the public option, was a proposal to create a government-run health insurance agency which would compete with other private health insurance companies within the United States. The public option is not the same as publicly funded health care, but was proposed as an alternative health insurance plan offered by the government. The proposal was initially part of the debates surrounding the Patient Protection and Affordable Care Act, but was not passed in the final reconciled bill.
- A very recently published Harvard study on racial bias in police use of force finds that, as the mainstream narrative proffers, black men and women are treated differently in the hands of law enforcement. the study calls”the most surprising result of my career,” when it comes to the most lethal form of force – police shootings – the study finds no racial bias, contradicting the mental image of police shootings that many Americans hold.
- Roland G. Fryer Jr., author of the study and a professor of economics at Harvard – which examined more than 1,000 shootings in 10 major police departments, in Texas, Florida and California, was “surprised” to find that when it comes to the most lethal form of force — police shootings — the study finds no racial bias.
- In officer-involved shootings in these 10 cities, officers were more likely to fire their weapons without having first been attacked when the suspects were white. Black and white civilians involved in police shootings were equally likely to have been carrying a weapon. Both of these results undercut the idea that the police wield lethal force with racial bias.
- As a modestly sized department — policing 2 million citizens with just over 1,800 sworn officers — the San Bernardino Sheriff’s Department doesn’t seem like it would be on the cutting edge of surveillance technology. But the department has quietly become one of the most productive nodes in a nationwide iris-scanning project, collecting iris data from at least 200,000 arrestees over the last two and a half years, . In the early months of 2016, the department was collecting an average of 189 iris scans each day. “
- North Korea on Monday threatened to take a “physical counter-action” if the United States follows through with plans to deploy an advanced missile defense system in the South.
- Obama described the North Korean regime as “a massive challenge.”
- He said North Korea is “erratic enough” and the country’s leader, Kim Jong Un, is “irresponsible enough that we don’t want them getting close.”
- In a widely anticipated, though purely symbolic decision, just over an hour ago a UN tribunal, the Permanent Court of Arbitration in The Hague, ruled unanimously in favour of the Philippines in its case against China’s extensive claims in the South China Sea. It found that China’s claim to historic rights in most of the South China Sea has no legal basis, the U.S. fears could intensify Chinese efforts to establish its control by force.
- The Philippines first brought the case to the International Tribunal for the Law of the Sea at The Hague in 2013, raising 15 instances in which it held China’s claims and activity in the South China Sea had violated international law,
- China didn’t take part in the tribunal, which it said had no jurisdiction on the case, and Chinese officials have said repeatedly in recent weeks that Beijing won’t comply with the ruling.
- the tribunal ruled that China couldn’t claim 12 nautical miles of territorial seas around the two largest of the seven artificial islands that Beijing has built in the Spratlys. That means that U.S. and foreign naval ships can legally come within 12 nautical miles of those two structures, Mischief Reef and Subi Reef, which both have airstrips.
- South Sudan is heading into a full scale war, with the exact same factions, as fighting between supporters of President Kiir and Vice President Machar is again scaling up.
- when South Sudan was created as a new country and held as a beacon of success back in 2011, both the US and European allies alike were saying this was the best thing for the country.
- The breakdown in relations between the two sides can be blamed almost entirely on oil. Although South Sudan inherited 75 percent of Sudan’s oil reserves, the third largest oil reserves in sub-Saharan Africa, most of the pipelines are under control of the north.
- America is the single largest aid donor to South Sudan. The country has received nearly $1.6 billion in contributions since 2013.
- But there’s another country with a big interest in South Sudan. China, which has also sent peacekeepers to the country, is now the biggest stakeholder in Sudan’s oil industry. US pushed for a liberalized, independent South Sudan was to dislodge the Chinese, who already had existing agreements in place with Northern Sudan. And many said the push for independence was seen as leverage against the Chinese to dislodge the control they had on the oil… We must remember that the oil is predominantly in South Sudan where the vast majority of the oil wealth sits.
- – The senior U.S commander in Afghanistan will have greater freedom to strike at the Taliban under broad new powers approved last month by President Barack Obama,
- Under the authorities previously granted to Nicholson, who commands both the NATO-led Resolute Support mission and a separate U.S. counterterrorism mission, his forces could generally only intervene against the Taliban when Afghan government troops requested emergency assistance.
- “It obviously, to me, makes a lot more sense to be doing it the way we’re doing it now,” Carter said
- The Ukrainian-American maneuvers Sea Breeze will begin in Ukraine on July 18,
- “The drills will be held in the Odessa region , as well as in the north-western part of the Black Sea,” b
- al-Nusra, the Syrian al-Qaeda branch, is negotiating with the Syrian government to be granted a safe exit from its besieged bastion in southern Damascus.
- US State Secretary John Kerry who will arrive in Moscow on July 14,” “We want the regime of cessation of hostilities to be observed in full adherence to the agreements outlined in the UN Security Council resolution, in particular that the regime does not cover Islamic State, Jebhat al-Nusra and other terrorist organizations that are designated as such by UN Security Council,”
- “The problem with implementing this agreement is that Jebhat al-Nusra disguises itself, especially near Aleppo, sets up groups with other names around itself that are allegedly not part of it and that say they are ready to join the regime of cessation of hostilities, but in reality work together with Jebhat al-Nusra,” he noted.
- On July 8, a Russian Mi-35M helicopter (pictured above) engaged a group of insurgents who were advancing toward Palmyra, Syria. The helicopter crew was in the process of heading back to base after thwarting the advance, when it was attacked by what the Russian government claims was an American made TOW missile
- The helicopter was struck by the missile and fell to the earth, killing both of the pilots on board. Footage of the attack has since been released to the public:
- “In the morning of July 12, six long-range Tu-22M3 bombers, which took off from the home airfield on the territory of the Russian Federation, delivered a combined strike with high-explosive ammunition at facilities of the ISIL terrorist group (former name of the Islamic State terrorist organization) east of Palmyra and As-Suhnah.”
- “(A) great amount of enemy manpower,” weapons, munitions, combat vehicles and related equipment were destroyed.
- Washington and its “coalition” allies were informed of the strike, its timing, targets and transit corridors in advance, The US notified the terrorist groups, which allowed them to escape
- A titanic battle is currently underway for Aleppo city