Ambushing a helicopter

Footage has been released of a Colombian army helicopter being blown up by guerrillas.  The Telegraph reports: The Black Hawk helicopter exploded shortly after landing on 22 June in the Norte de Santander department about 264 miles northeast of the capital Bogota. The military said an explosive was manually set off and the Colombian government said four soldiers were killed and six others were injured in the attack. . . . … guerrillas from the National Liberation Army (ELN) took responsibility for the attack on Saturday in a message posted on its Twitter account stating that eight soldiers had been

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Unions, politics and ‘hit job’ journalism

Regular readers of this blog will know that I support neither the Democratic nor Republican parties.  I regard both of them as inimical to US interests.  They seem far more focused on achieving their partisan political objectives than serving the country – and neither seems to give a damn about the wishes, desires and interests of the American people. With that in mind, I’m cynically amused by the fuss over who should represent each party in next year’s Presidential elections.  With very few exceptions, all of the candidates are playing to their party’s base, trying to represent the party rather

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Peter Schiff lays it down about our economy

Well-known financial analyst Peter Schiff offers some blunt thoughts about the state of the US and world economies, in two excerpts from a video interview he conducted with Reason magazine. In the first, relatively short excerpt, he speaks of how the US economic situation resembles that of Greece or Puerto Rico.  Money quote: “”Once the Greek creditors began to question the solvency of Greece they demanded higher interest rates. The minute our creditors figure out we are in the same position as Greece or Puerto Rico, they’re going to demand higher interest rate from us and we can’t pay either.”

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About that Arab-Israeli rapprochement . . .

. . . that I forecast earlier this month, and again yesterday? Headline:  “Jordan acquires ex-Israeli Cobra attack helicopters“. Israel has transferred 16 Bell AH-1 Cobra attack helicopters to Jordan to assist its air force in the fight against Islamic State militants, US sources have confirmed. The rotorcraft involved had been phased out of use by the Israeli air force several years ago, and were refurbished prior to being flown to Jordan, the sources add. . . . Foreign sources have claimed that Israel and Jordan have been cooperating in the fight against Islamic State, in most cases through joint

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Doofus Of The Day #846

Today’s award goes to a group of unidentified schoolchildren in England. Children burning their books on the last day of school found themselves in hot water after the blaze reached power lines and knocked out electricity to almost 140,000 homes. Police believe the blaze that caused buildings across east London and Essex to be without power was started by students taking part in a celebratory burning ritual. Flames rising from blazing planners and exercise books, which were set alight in a park in Upminster, east London, torched power cables in a bridge above. . . . Police are investigating the

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China’s mind-boggling economic crisis

We’ve spoken recently about the economic crisis in China (follow those four links for more information).  Don’t believe reports that it’s getting better.  What you’re seeing is a massive, central-government-controlled push to force discipline upon the markets by command authority, ignoring the economic reality that underpins them.  It’s a frightening picture. Just look at how the Chinese government intervened in its stock markets.  Talk about dictatorial!  Caixin Online (an authoritative source about the Chinese economy) reports: Top executives from 21 securities firms spent the morning of Saturday July 4 pinned to government office chairs while the future of China’s stock

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