Wednesday Reads: A Mixed Bag of News
Posted: June 10, 2026 | Author: bostonboomer | Filed under: just because | Tags: 60 Minutes, Bari Weiss, boat strikes, California governor primary, CBS News, David Ellison, Donald Trump, Epstein Files, gas prices, Graham Platner, human trafficking, inflation, Iran War, Jeffrey Epstein, Maine governor primary, Nancy Mace, press freedom, Scott Pelley, South Carolina Governor primary, Steve Hilton, Susan Collins, Xavier Becerra | 11 CommentsGood Afternoon!!
There’s lots of news today, so this post will be a mixed bag with stories on the Iran war, Trump’s boat strikes, last night’s primaries, the CBS/60 Minutes controversy, and more.
Trump’s war on Iran is getting stupider by the day. For several weeks now, Trump has been saying that a deal to end the war was just days away. A short time ago, he told Netanyahu not to respond to strikes by Iran in Israel. Netanyahu quickly proceeded to bomb Iran anyway. Then a U.S. helicopter went down in the Strait of Hormuz, and Trump responded even though it’s not clear that the helicopter was deliberately shot down. It may have just collided with a Iranian drone.
BBC: US strikes Iran in response to downing of military helicopter.
The US says it has carried out a series of strikes on Iranian military and surveillance sites in response to the downing of an American helicopter in the Gulf.
Air defence systems, ground control stations and radar sites were targeted near the Strait of Hormuz, the US military Central Command (Centcom) said.
In response, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it launched strikes on 21 targets at US bases in the region, one in Bahrain and the other in Jordan, while Kuwait’s army said it was also intercepting an attack.
The US has described its strikes as “a proportional response” for the Apache helicopter downing on Monday, while the IRGC described the attacks as “vicious”.
US President Donald Trump had earlier accused Iran of shooting down the helicopter and said the US “must, of necessity” respond. The two crew members survived and were rescued by an American sea drone.
According to US officials, Iran used a drone to launch the attack on the helicopter. But it is not clear whether the Iranian drone had deliberately attacked, an unnamed US official told CBS News, the BBC’s US partner. The semi-official Mehr News Agency reported that Iran had not claimed responsibility for the downed aircraft.
So now the war is back on, after months of Trump promising the end was near. This morning, Trump threatened Iran with more attacks.
BBC: Trump and Iran trade new threats after strikes exchanged.
US President Donald Trump and Iran’s senior officials have traded new threats of further action, after the two sides exchanged strikes.
Trump said Tehran had taken “too long to negotiate a deal” and would now “have to pay the price”, without giving specific details. He said Iran had been “completely defeated” and was “all talk and no action”.
It came after Iran’s Foreign Minister Abbas Araghchi earlier warned his country would “leave no attack or threat unanswered”, saying that the US had suffered “defeats on the battlefield”.
The US said it struck Iranian sites on Tuesday in response to the downing of a US army helicopter in the Gulf. Iran then launched strikes at US bases in the region.
Iranian defence systems, ground control stations and radar sites were targeted near the Strait of Hormuz, the US military Central Command (Centcom) said.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said it launched strikes on 21 targets at US bases in the region, one in Bahrain and the other in Jordan, while Kuwait’s army said it was also intercepting an attack.
Writing on his social media platform Truth Social on Wednesday, Trump said: “Iran’s Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn’t even exist anymore – They have been completely defeated.”
He added: “They’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!”
Trump’s comments were in contrast to Tuesday, when he told journalists the US and Iran were “in the final throes of what will be a very, very good deal”.
Also on Wednesday, Iran’s foreign ministry spokesman Esmaeil Baqai accused the US of “damaging this diplomatic process through the contradictory messages it sends, its repeated shifts in positions and demands, and, worst of all, through repeated violations of the ceasefire”.
I have to agree with Iran here. Trump behaves like a 6-year old child–issuing threats while claiming an agreement is close–and using posts on Truth Social to communicate threats that he probably hasn’t discussed with any of his military advisers. And where are the negotiators anyway? Jared Kushner was a the New York Knicks game on Monday night. All this because Trump cancelled Obama’s Iran agreement.
More military news: remember the boat strikes that Trump and Hegseth were so proud of? Nick Turse has a shocking story on those at The Intercept: Top Pentagon Official Admits Boat Strike May Have Killed Victims of Human Trafficking.
Nine months into the Trump administration’s deadly campaign against so-called drug boats, there is a pattern to the strikes. And a glaring anomaly.
The U.S. military has conducted more than 60 attacks, resulting in over 200 extrajudicial killings in the Caribbean Sea and Pacific Ocean. In almost all the strikes, between one and four people lost their lives. In only one strike did the death toll of a single boat reach double digits: the first attack on September 2, 2025.
Since then, experts, lawmakers, and even military officials behind the scenes have been asking a simple but haunting question: Why was that boat packed with 11 people?
“Why would 11 people be on board a boat carrying drugs?” said a government source who attended a classified briefing where the large crew on the first boat attacked was discussed. “It’s a high risk for the cartels. That always stood out.”
One top military officer provided a plausible explanation, behind closed doors on Capitol Hill, The Intercept has learned. His admission raises even more questions about a strike that a high-ranking Pentagon official called a criminal attack on civilians and resulted in a firestorm in Congress last year.
In the briefing, the high-ranking officer on the Pentagon’s Joint Staff stated that some of the people killed by the U.S. military may have been the victims of human trafficking.
Read all the details at The Intercept.
Several states held primaries yesterday. The most watched ones were in Maine and California. In Maine, Graham Platner won the Democratic Senate primary and will face long-time Senator Susan Collins in November.
Sahil Kapur at NBC News: Maine voters set up a Senate showdown: Graham Platner versus Susan Collins.
It’s official: Republican Sen. Susan Collins will face Democrat Graham Platner this fall, NBC News projects, in what will be a marquee election in the fight for control of the Senate.
Collins and Platner both won their primaries Tuesday in a predictable result. Collins, first elected to the Senate in 1996, ran unopposed for renomination as she seeks a sixth six-year term.
And Platner, a veteran and oyster farmer running in his first political race, faced little Democratic competition as two-term Gov. Janet Mills suspended her campaign after she failed to gain traction. She still appeared on the primary ballot.
While the primary results were foreseeable, what happens next is anything but. The Senate election has already become a battleground over the future of the Democratic Party and what voters think is most important, as Platner faces numerous controversies about his past conduct.
And that’s before the real campaigning between the resilient incumbent and the brash outsider has even kicked off, though Platner started the general election with a series of stinging attacks on Collins at a victory speech in Blue Hill, Maine. The Democrat cast her as the “deciding vote” on Republican priorities including Supreme Court Justice Brett Kavanaugh’s confirmation
“Susan Collins may have started her career decades ago in Washington with good intentions, but she has become just as spineless and corrupt as the establishment she now serves,” Platner said. “She got elected promising to protect Roe versus Wade, only to turn around and put on a justice, but a justice of Supreme Court who overturned it. She lied to us.”
In a statement, Collins’ campaign said, “Mainers aren’t looking for bitter campaigns, grand promises, or angry speeches riddled with lies. They’re looking for results. They want affordable health care, safe communities, good-paying jobs, strong schools, and someone who will show up and do the work.”
In California, the race for governor is now set. Laurel Rosenhall at The New York Times: Hilton Beats Steyer to Win Second Spot in California Governor Race.
Steve Hilton, a Republican former Fox News host who was endorsed by President Trump, has secured the second spot in the November general election for California governor, The Associated Press determined on Tuesday. He will face Xavier Becerra, a Democrat who served in the Biden administration.
The candidates survived an unprecedented barrage of spending for a California governor’s race. Tom Steyer, a billionaire who ran as a progressive Democrat, devoted more than $216 million of his personal fortune toward his primary campaign, finishing third.
Under California rules, the top two finishers in the primary election, regardless of party, advance to the general election. There had been a chance that Mr. Steyer would face Mr. Becerra in an intraparty battle in November, but Tuesday’s outcome instead sets up a lopsided contest in a state where a Republican has not won the governor’s office in two decades.
The winner will replace Gov. Gavin Newsom, who cannot run again because of term limits and is considered a potential Democratic presidential candidate for 2028.
This sets up a likely win for Democrats, since California is one of the bluest states in the country.
Mr. Hilton’s top-two finish seems to run counter to Mr. Trump’s claims in recent days that California elections are “rigged” to benefit Democrats. Mr. Hilton said on Tuesday that he takes the concern seriously, but that he has had lawyers monitoring the voting process and they have not seen signs of fraud.
The November matchup is one that Mr. Becerra and many Democrats had hoped for, knowing that Mr. Hilton was not just a Republican, but one endorsed by Mr. Trump, who remains deeply unpopular in California.
Days before the election, Mr. Becerra released an ad that highlighted the differences between him and Mr. Hilton, whom the ad called “Trump’s favorite.” While the ad ostensibly bolstered Mr. Becerra’s anti-Trump credentials, it also seemed designed to encourage Republicans to coalesce behind Mr. Hilton and give him enough support to finish second and prevent Mr. Steyer from reaching the general election.
In South Carolina, Trump foe Nancy Mace lost in the primary for governor. Alec Hernandez at Politico: Nancy Mace loses GOP primary for South Carolina governor.
Republican firebrand Rep. Nancy Mace lost her GOP primary for South Carolina governor, potentially ending her rollercoaster political career.
Mace failed to advance to a runoff Tuesday. She was considered a top contender in the race until a series of scandals cut into her in-state support and she bucked President Donald Trump to help release the Jeffrey Epstein files.
Trump’s preferred candidate, South Carolina Lt. Gov. Pamela Evette, and Attorney General Alan Wilson advanced to a runoff June 23.
The Palmetto State primary was for months defined by Trump’s absence from the race, despite the six Republicans candidates vying for his attention and support. Trump only endorsed Evette in the final two weeks, touting her closeness with his ally and early backer, outgoing GOP Gov. Henry McMaster.
In an interview ahead of the primary, Mace acknowledged that she likely forfeited her chance at the president’s support after her role in releasing the Epstein files late last year. She nevertheless pushed ahead, even in the face of several million dollars of negative ads from her opponents.
It’s the latest victory for Trump on the heels of his success ousting Rep. Thomas Massie (R-Ky.), Mace’s ally on the Epstein files, and Sen. Bill Cassidy (R-La.), among other GOP defectors.
There’s more bad news on the economy. Steve Kopack and Allie Canal at NBC News: Inflation jumps to 4.2%, the highest since early 2023.
Inflation surged in May to the highest level since early 2023, as Iran war-related fuel costs worked their way through the broader economy.
Overall, the yearly inflation rate rose to 4.2% in May from a year ago, up 0.5% from April.
“Inflation remains the major economic pain point regardless of who has to absorb it,” said Peter Boockvar, chief investment officer at One Point BFG Wealth.
Heather Long, chief economist at Navy Federal Credit Union said, “the frustration for many Americans is that so many of the basics are up in price right now — gas, food, electricity, and medical care are all clear pain points that are above 3% inflation.”
“This isn’t just ‘bad vibes’ about the economy,” she added.
Rising inflation comes as wage growth is falling.
For the second month in a row, inflation surpassed wage growth, which was tracking at 3.4% in the most recent jobs report. That pace has slowed since late last year, when average hourly earnings were growing consistently at nearly 4%.
On Wednesday, the Bureau of Labor Statistics announced separately that real average weekly earnings decreased 0.2 % during May and 0.7% from a year ago.
That’s the biggest year-over-year decline in real earnings since February 2023, according to federal data.
“The index for energy rose 3.9 percent in May, after rising 3.8 percent in April and 10.9 percent in March,” BLS said. “The energy index accounted for over sixty percent” of the overall number’s rise, it added.
Core inflation, which excludes food and energy, rose 2.9%, as expected. From the month before, it rose just 0.2%.
The disparity between the core inflation figure and the overall 4.2% rate was due largely to the impact of energy costs. According to BLS, energy accounted for more than 60% of the total increase in prices over the month.
And what does Trump think about this?
Q: Are you concerned about the latest inflation numbers that came out this morning?TRUMP: No, I love it. I love the inflation. You know why? Because as soon as this war is over — do you know we've been taking out millions of barrels of oil? You know who doesn't know? Iran until right now.
And on gas prices:
Trump on gas prices: "If you notice, the price is not very high relatively speaking"
Here’s the latest on the war on press freedom. Very soon, CNN will join CBS under the control of billionaire David Ellison, and now we learn that Bari Weiss will be the new CNN boss. Raw Story: Bari Weiss on verge of major promotion for ‘fantastic job’ bosses think she’s doing at CBS.
Bari Weiss could be taking over the editorial leadership of another news network.
Paramount has begun preliminary conversations with several top media executives about a business-side counterpart to Weiss, the CBS News editor-in-chief, as the company awaits regulatory approval of its proposed merger with Warner Bros. Discovery, two sources familiar with the matter told Axios.
“The search implies that if Paramount Skydance’s deal with Warner Bros. Discovery goes through, Weiss would oversee all news editorial across both CBS News and CNN,” Axios reported. “Her potential counterpart would manage business operations across both companies.”
Among the candidates under consideration are NBCUniversal News Group chairman Cesar Conde, CNN Worldwide CEO Mark Thompson and former NBC News president Noah Oppenheim. Paramount had also weighed Ben Sherwood, CEO of the Daily Beast and former ABC News president, and David Rhodes, former CBS News president and current Sky News executive chairman, according to a source familiar with the search.
One candidate faces a procedural hurdle. Because Paramount is still awaiting regulatory clearance to acquire WBD, company executives are barred from holding conversations with any WBD personnel — which would include Thompson.
Currently, CBS News president Tom Cibrowski serves alongside Weiss, reporting to George Cheeks, chair of TV media at Paramount. Weiss reports directly to Paramount chairman and CEO David Ellison….
“The Paramount brass loves Bari Weiss,” the source said. “She has the full confidence of David Ellison, who believes Bari has done a fantastic job as editor-in-chief.”
On the 60 Minutes front, Ellison is promising “independence,” after the firing of most of the people who used to work there. Benjamin Mullin and Michael M. Grynbaum at The New York Times: Paramount C.E.O. Promises Editorial Independence for ‘60 Minutes,’ Lesley Stahl Says.
David Ellison, the chief executive of Paramount, promised to respect the editorial independence of “60 Minutes” in a call with Lesley Stahl, one of the show’s correspondents, she told The New York Times on Tuesday.
The call to Ms. Stahl, made on Sunday, was one of the first signs that Mr. Ellison was personally taking steps to calm the turmoil at the news network after the firing of the show’s leadership and several of its star correspondents. The overhaul, overseen by Bari Weiss, the network’s editor in chief, was met with a rebuke from Scott Pelley, a star correspondent at “60 Minutes” who has since been fired.
Ms. Stahl told the news program’s staff about Mr. Ellison’s call during a champagne toast she held at the “60 Minutes” offices in Midtown Manhattan on Monday in an attempt to shore up morale at the program.
She, Bill Whitaker and Jon Wertheim, the remaining stars of the program, had agonized about whether to stay in the aftermath of the staff changes and Mr. Pelley’s firing. But in a letter to the show’s staff Friday, they concluded that they had to remain at the show because they didn’t “want to see ‘60 Minutes’ die.”
“My toast was, ‘to us,’ meaning the survivors,” Ms. Stahl said in a text message on Tuesday. “Maybe ‘us’ with a twinge of survivor’s guilt.”
Mr. Ellison’s takeover of Paramount last year raised questions about the kind of steward he would be for CBS News. Mr. Ellison has been friendly with President Trump as his company, Paramount, seeks federal sign-off on a $111 billion deal to buy Warner Bros. Discovery. He has said he wants CBS News to appeal to what he describes as the 70 percent of Americans who consider themselves center-right or center-left.
In an interview with The Times, Mr. Pelley also said that Ms. Weiss had put her “thumb on the scale” for Mr. Trump during the last season of “60 Minutes,” a charge the network has denied. That assertion echoed a complaint from Sharyn Alfonsi, another correspondent, who said Ms. Weiss’s editorial guidance on one of her stories was “political.”
Last week, scores of prominent journalists, including well-known veterans of CBS News, signed an open letter to Mr. Ellison, who took over Paramount’s CBS last year, asking him to commit to the show’s independence. He has not yet weighed in publicly.
I’ll believe it when I see it, especially if Bari Weiss is still running CBS.
Scott Pelley warns CBS News is “on fire”youtu.be/Az8KobdJ84g?…
— Scott MacFarlane (@macfarlanenews.bsky.social) 2026-06-08T21:03:12.469Z
Epstein is back in the news. The New York Times has a bit story by Maggie Haberman and Jonathan Swan (gift article): Inside the White House Freakout Over the Epstein Files.
On July 17, 2025, at around 6 o’clock in the evening, President Trump’s top officials filed into the White House Situation Room — the secure bunker where classified and high-stakes national security matters are discussed and decided. This was where President Barack Obama, along with Vice President Joe Biden, Secretary of State Hillary Clinton and the president’s national security team, watched the raid that ended with the death of Osama bin Laden in 2011.
Now, however, Trump’s most senior advisers had gathered — without him — to figure out how to gain some measure of control over a very different kind of crisis threatening to engulf the presidency: the Epstein files.
Ten days earlier, the Justice Department and the F.B.I. had jointly released a memo that bluntly stated that their review had found no “client list” of powerful men for whom the notorious pedophile Jeffrey Epstein had allegedly procured underage girls and young women. Intended to put to rest years of speculation and end the pressure campaign to release the voluminous material in the department’s possession, the memo instead had the opposite effect, setting off a backlash that was notably loud among the MAGA base.
And it was about to get worse: The Wall Street Journal was preparing a damaging article about Trump’s relationship with Epstein. The president’s desperate attempts to kill the story had failed. His team now had to get everyone onto the same page about how to counter the growing swarm of attention. They needed a gesture of transparency to appease an increasingly angry base, but also a way to convey the message that the president was sympathetic to his supporters’ concerns. Which itself was a problem, because he clearly wasn’t.
Vice President JD Vance took a seat at the head of the table in the John F. Kennedy Conference Room of the Situation Room complex. “This is a huge problem,” he told the group. Arrayed around him were the White House chief of staff, Susie Wiles; the White House counsel, David Warrington; the press secretary, Karoline Leavitt; the deputy chief of staff Taylor Budowich; the communications director, Steven Cheung; the deputy attorney general, Todd Blanche; the associate attorney general, Stanley Woodward Jr.; and the deputy chief of staff James Blair. Attorney General Pam Bondi and the F.B.I. director, Kash Patel, joined on speakerphone.
The vice president appeared panicked to others in the room about the way the subject of Epstein was already dividing the MAGA coalition. Some senior officials had the impression that Vance had bought into the darkest theories about Epstein and a cabal of predators hidden within the country’s ruling class. Wiles would tell others that the vice president had proved himself to be a major conspiracy theorist. Another top official said later that Vance had been pounding on the Epstein issue since the release of the memo. He was privately pressing for the administration to release all the Epstein files, everything in the Justice Department’s possession, even encouraging a congressional investigation.
Vance had also floated to colleagues an extraordinary P.R. gambit — that the White House enlist Tucker Carlson to interview Epstein’s longtime girlfriend and co-conspirator, Ghislaine Maxwell, in prison. It might help the president if Maxwell was willing to state that Trump had not been part of any wrongdoing with Epstein.
Vance told the group he believed all the files should be released as soon as possible. He argued that Congress was going to force the release of the files eventually. It was already clear that a bipartisan coalition in favor of such action was forming on Capitol Hill, and the momentum was going in one direction. If the administration got out ahead of this and released everything voluntarily — including whatever material existed about the president — it would at least get credit for transparency. The alternative was to let the story drag on for months as information dripped out, each new revelation renewing the cycle of suspicion and fury. Better to rip the bandage off and move on.
That’s a taste of it. You can use the gift link to read the rest.
Those are the stories that caught my attention today. What’s on your mind?
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Tuesday Reads: Utter Exhaustion Edition
Posted: December 23, 2014 | Author: bostonboomer | Filed under: Barack Obama, Foreign Affairs, morning reads, U.S. Economy, U.S. Politics | Tags: "white" Southerners with black ancestors, Christopher Manney, Civil Rights, Department of Justice, Dish Network, DNA, Dontre Hamilton, Fox News, gas prices, GDP growth, internet outage, North Korea, police involved shootings, police unions, Racism, Stock Market | 15 CommentsGood Morning!!
I finally arrived in Boston yesterday after driving for three days. With the days so short, and the nights so dark, I ended up having to stop for the night earlier than I would have in the summer. I was tired last night, but I’m even more exhausted this morning. Everything hurts, and my brain isn’t working properly. I’m supposed to drive up to New Hampshire for Christmas, and I have no idea how I can do that.
I’d like to write a beautifully organized post, but I don’t think I’m capable of it. So here are some news stories that caught my flawed attention this morning.
Another police officer gets away with murder, this time in Milwaukee. From the Journal-Sentinel:
In one of the most highly anticipated legal decisions in recent memory, Milwaukee County District Attorney John Chisholm announced Monday that former Milwaukee police officer Christopher Manney will not be charged in the fatal shooting of Dontre Hamilton at Red Arrow Park.
Chisholm determined that Manney’s use of force was justified self-defense.
Hamilton’s family has repeatedly called for Manney, who has since been fired, to face criminal charges.
Speaking to supporters outside the federal courthouse in Milwaukee, Hamilton’s brother Nathaniel said he and the other family members would not waver in their determination.
“We deserve justice,” he said. “Justice is our right.”
As you’ve probably already guessed, Dontre Hamilton was a black man, and Christopher Manney is white. This is getting to be a regular thing, and it’s really getting old. The police unions can complain all they want. The simple truth is that police officers are killing a hell of a lot of black men.
The NY Daily News reports that the Department of Justice will review the shooting to determine whether Hamilton’s civil rights were violated.
There’s been some pushback on the claims by police unions that protesters of police-involved deaths like those of Michael Brown and Eric Garner and government officials who sympathized with their families are responsible for the recent murders of two NYPD police officers in Brooklyn. Here’s an essay by Kareem Abdul Jabbar in Time Magazine: The Police Aren’t Under Attack. Institutionalized Racism Is.
According to Ecclesiastes, “To every thing there is a season, and a time to every purpose.” For me, today, that means a time to seek justice and a time to mourn the dead.
And a time to shut the hell up.
The recent brutal murder of two Brooklyn police officers, Rafael Ramos and Wenjian Liu, is a national tragedy that should inspire nationwide mourning. Both my grandfather and father were police officers, so I appreciate what a difficult and dangerous profession law enforcement is. We need to value and celebrate the many officers dedicated to protecting the public and nourishing our justice system. It’s a job most of us don’t have the courage to do.
At the same time, however, we need to understand that their deaths are in no way related to the massive protests against systemic abuses of the justice system as symbolized by the recent deaths—also national tragedies—of Eric Garner, Akai Gurley, and Michael Brown. Ismaaiyl Brinsley, the suicidal killer, wasn’t an impassioned activist expressing political frustration, he was a troubled man who had shot his girlfriend earlier that same day. He even Instagrammed warnings of his violent intentions. None of this is the behavior of a sane man or rational activist. The protests are no more to blame for his actions than The Catcher in the Rye was for the murder of John Lennon or the movie Taxi Driver for the attempted assassination of Ronald Reagan. Crazy has its own twisted logic and it is in no way related to the rational cause-and-effect world the rest of us attempt to create.
Those who are trying to connect the murders of the officers with the thousands of articulate and peaceful protestors across America are being deliberately misleading in a cynical and selfish effort to turn public sentiment against the protestors. This is the same strategy used when trying to lump in the violence and looting with the legitimate protestors, who have disavowed that behavior. They hope to misdirect public attention and emotion in order to stop the protests and the progressive changes that have already resulted. Shaming and blaming is a lot easier than addressing legitimate claims.
More at the link.
The Washington Post and Los Angeles Times have each editorialized on the issue.
WaPo: The blame game over police deaths in New York goes too far.
LA Times: Protesters didn’t cause slayings of New York police officers.
The Daily Beast: The NY Police Union’s Vile War with Mayor De Blasio.
And from HuffPo: Police Unions ‘Standing Down’ After Controversial Comments In Wake Of NYPD Shooting.
Despite all the complaints about Obama’s leadership from Republicans, the economy is growing; and wealthy Americans sure seem to be doing okay.
The Hill, GDP grows by 5 percent as US economy picks up strong pace.
The economy grew at a 5 percent rate from July to September, the fastest pace in 11 years.
The strong growth recorded by the Commerce Department adds to the sense that the economy is approaching full speed for the first time since the recession of 2008 — and since President Obama was first elected….
The government found consumer spending grew by 3.2 percent from July to September, compared to 2.5 percent in the previous quarter.
The Commerce Department also shifted its estimate for the second quarter, finding strong growth of 4.6 percent between April and June. That’s up from its previous estimate of 3.9 percent.
Reuters, Dow Tops 18,000 for First Time on Upbeat GDP Report.
The Dow Jones Industrial Average broke through 18,000 for the first time Tuesday, propelled higher by a better-than-expected report on the economy in the third quarter. If the Dow closes above 18,000, it will have taken the index only six months to climb there from 17,000.
It took only seven months to get from 16,000 to 17,000.
The independent living in chula vista has been good news for Americans who own shares, including the wealthy, corporations, financial firms and workers with retirement funds and pensions invested in stocks. For those who don’t own shares, it could mean a widening wealth gap, however.
How much wider can it get?
But there’s also good news for us ordinary folks. From CNN, 89 straight days of lower gas prices.
The streak, the longest on record according to AAA, has shaved nearly $1 off the national average price of regular gas, taking it to $2.38 a gallon for the first time in five years. September 25 was the last day prices were higher for drivers. That day they increased by only a tenth of a cent. Prices have tumbled 36% since the high of the year, which was back in late April.
Not only have they been falling, but the plunge in gas prices has been picking up speed, tumbling nearly 2 cents between Monday and Tuesday.
Prices were 15 cents higher only a week ago and 44 cents higher a month ago. In numerous cities — including Dallas-Fort Worth, Kansas City, Missouri, Tulsa, Oklahoma, and Topeka, Kansas — the average price now stands less than $2 a gallon, according to AAA. Springfield, Missouri became the first state to break the $2 average price last week. Missouri drivers are enjoying the lowest statewide average price at $2.05 a gallon.
The plunging price of oil — a 50% drop off the cost of barrel of crude since April, is the main driver in the gas price slide. But there are many other factors also affecting prices. Weakening economies in Europe and Asia, as well as more fuel efficient vehicles worldwide, have all cut demand for gasoline.
Unfortunately, I can testify that gas prices on the New York Thruway are still very high, with regular priced at close to $3.00 a gallon.
North Korea suffered a major internet breakdown yesterday. Was the NSA responsible? The CIA. If so, good work! From Reuters, North Korea’s Internet links restored amid U.S. hacking dispute.
North Korea, at the center of a confrontation with the United States over the hacking of Sony Pictures, experienced a complete Internet outage for hours before links were restored on Tuesday, but U.S. officials said Washington was not involved.
U.S.-based Dyn, a company that monitors Internet infrastructure, said the reason for the outage was not known but could range from technological glitches to a hacking attack. Several U.S. officials close to the investigations of the attack on Sony Pictures said the U.S. government had not taken any cyber action against Pyongyang.
U.S. President Barack Obama had vowed on Friday to respond to the major cyberattack, which he blamed on North Korea, “in a place and time and manner that we choose.”
Dyn said North Korea’s Internet links were unstable on Monday and the country later went completely offline. Links were restored at 0146 GMT on Tuesday, and the possibilities for the outage could be attacks by individuals, a hardware failure, or even that it was done by North Koreaitself, experts said.
Matthew Prince, CEO of U.S.-based CloudFlare which protects websites from web-based attacks, said the fact that North Korea’s Internet was back up “is pretty good evidence that the outage wasn’t caused by a state-sponsored attack, otherwise it’d likely still be down for the count”.
Almost all of North Korea’s Internet links and traffic pass through China and it dismissed any suggestion that it was involved as “irresponsible”.
So what happened then, I wonder . . . . ?
Here’s a story that should please JJ: Dish Network dumps Fox News, setting off social media war on Facebook.
Satellite-TV provider Dish Network dropped the Fox News Channel and Fox Business Network on Saturday night after the companies couldn’t come to terms on a new distribution contract, reports TVNewser.
According to Fox Executive Vice President of Distribution Tim Carry, contract talks have broken off and nothing is happening, depriving Dish’s 14 million subscribers of Fox News’ “fair and balanced” approach to current event coverage.
“Our phone line is open, we’re willing to talk,” Carry said. “Am I negotiating right now? I’m not.”
Executives at Dish say Fox is playing hardball with them by attempting to use the news channel as leverage to increase fees for their sports and entertainment channels normally covered by separate contracts.
“It’s like we’re about to close on a house and the realtor is trying to make us buy a new car as well,” said Warren Schlichting, Dish Network’s Senior Vice President of programming. “Fox blacked out two of its news channels, using them as leverage to triple rates on sports and entertainment channels that are not in this contract.”
Hahahahaha! The Fox fans in Banjoville must being going nuts. But at least they can watch Turner Classic Movies.
And here’s some even more scary news for racist Southerners. From Raw Story: Southern whites have more black DNA than whites in the rest of US: study.
Some of the states with the most racially charged attitudes towards African-Americans are also the states where the most whites have black ancestors, according to a recently released study.
Researchers examined 145,000 DNA samples provided to genetic testing company 23andme for ancestry analysis to determine that at least six million Americans who called themselves white had 1 percent or more African ancestry.
The study published this month in the American Journal of Human Genetics found that whites in the South were far more likely to have at least 1 percent black ancestry than any other part of the country.
“European Americans with African ancestry comprise as much as 12% of European Americans from Louisiana and South Carolina and about 1 in 10 individuals in other parts of the South,” the authors wrote….
And black Americans living in the South also had more African ancestry than any other region of the country. African-Americans in West Virginia and Oregon had the lowest percentage of African ancestry.
So . . . . what stories are you following today? Please post your thoughts and links in the comment thread and have a terrific Tuesday!
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