• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

News Dump

Help Support Ranchers.net:

iwannabeacowboy

Well-known member
Joined
Mar 28, 2013
Messages
2,742
Reaction score
0
Walmart Inc. and Brazil-Based Subsidiary Agree to Pay $137 Million to Resolve Foreign Corrupt Practices Act Case
Walmart Inc. (Walmart), a U.S.-based multinational retailer and its wholly owned Brazilian subsidiary, WMT Brasilia S.a.r.l. (WMT Brasilia), have agreed to pay a combined criminal penalty of $137 million to resolve the government's investigation into violations of the Foreign Corrupt Practices Act (FCPA). WMT Brasilia pleaded guilty today in connection with the resolution.

Assistant Attorney General Brian A. Benczkowski of the Justice Department's Criminal Division, U.S. Attorney G. Zachary Terwilliger of the Eastern District of Virginia, Assistant Director Robert Johnson of the FBI's Criminal Investigative Division and Special Agent in Charge Kelly Jackson of IRS Criminal Investigation's (IRS-CI) Washington, D.C. office made the announcement.

"Walmart profited from rapid international expansion, but in doing so chose not to take necessary steps to avoid corruption," said Assistant Attorney General Benczkowski. "In numerous instances, senior Walmart employees knew of failures of its anti-corruption-related internal controls involving foreign subsidiaries, and yet Walmart failed for years to implement sufficient controls comporting with U.S. criminal laws. As today's resolution shows, even the largest of U.S. companies operating abroad are bound by U.S. laws, and the Department of Justice will continue to aggressively investigate and prosecute foreign corruption."

"Walmart violated the Foreign Corrupt Practices Act because it failed to implement the internal controls necessary to ferret out corrupt conduct," said U.S. Attorney Terwilliger. "For more than a decade, Walmart experienced exponential international growth but failed to create safeguards to protect against corruption risks in various countries. This resolution is the result of several years of steadfast work by the prosecutors and our law enforcement partners at the FBI and IRS-CI."

"The FBI will hold corporations responsible when they turn a blind eye to corruption," said FBI Assistant Director Johnson. "If there is evidence of violations of FCPA, we will investigate. No corporation, no matter how large, is above the law."

"Walmart's guilty plea is another step in IRS-CI's ongoing effort to pursue corporations that engage in corruption that prevents fair competition around the world," said IRS-CI Special Agent in Charge Jackson. "Through our efforts, we delved through layers of transactions and uncovered the bribery of foreign officials. Today's announcement is a statement that no company, even one as large as Walmart, is above the law."

More at link


https://www.justice.gov/opa/pr/walmart-inc-and-brazil-based-subsidiary-agree-pay-137-million-resolve-foreign-corrupt





Wednesday night on Fox News, Tucker Carlson highlighted how the Koch brothers are working against the interests of the average Republican voter and are actively partnering with groups like the Anti-Defamation League to censor the internet.


Transcript via Breitbart:

Charles and David Koch are two of the richest men in the world. Each is worth tens of billions of dollars. Some of their money is inherited. Much they made themselves. But the Kochs have never been content merely to get richer. They're engaged intellectuals, with a sincere desire to change the world. For years, the brothers have been the single most important funders of Republican politics in Washington.

The Koch network of donors spends hundreds of millions of dollars every election cycle. Virtually every major conservative non-profit in DC takes Koch money. Koch organizations train political organizers and candidates. Many Republican lawmakers owe their careers to the Kochs. For people whose main business is making fertilizer and paper towels, the Kochs have been remarkably effective in politics. Not surprisingly, the left hates them for it. Both the Koch brothers and their families, who by the way are very nice people, have been repeatedly and grotesquely maligned by the media. This, in turn, has convinced many conservatives that the Kochs much be on their side. Anyone who's been slandered by the New York Times has got to be doing something right. That's the idea. It's not a bad standard.

But in the case of the Kochs, conservatives might want to pause and rethink the relationship. As it turns out, the Kochs don't have much in common with conservatives. They are totally opposed to most conservative policy goals. The Kochs are libertarian ideologues, passionate and inflexible. America first? The Kochs find the very notion absurd, if not fascist. An economic policy that seeks to strengthen families? The Kochs denounce that as "crony capitalism," or "picking winners and losers." They think it's immoral. Controlling our borders? The Kochs consider that racist. A few years ago, Bernie Sanders noted that the Koch brothers are far to the left of him on immigration. Open borders? Quote: "That's a Koch brothers proposal," he said.

https://www.informationliberation.com/?id=60370








1,000 Quakes In 3 Weeks In Key SoCal Seismic Zone: "We're Watching This Actvity Closely"


And what makes this even more concerning is that all of these earthquakes are happening in a location that is very close to the San Andreas Fault. Could it be possible that the San Andreas Fault is about to wake up in a major way? I don't know about you, but if I was living in southern California right now I would find this sort of news to be extremely unsettling…

https://www.zerohedge.com/news/2019-06-20/1000-quakes-3-weeks-key-socal-seismic-zone-were-watching-actvity-closely







https://www.opp.ca/news/#/viewnews/5d0a5a8c58303

Police Take Down 'Big Box Store' of Child Pornography

At a news conference, Commissioner Thomas Carrique, Detective Inspector David MacDonald - major case Manager from the OPP Criminal Investigation Branch and Inspector Tina Chalk - Manager of the OPP Counter Exploitation and Missing Person Section were joined by Toronto Police Service Staff Superintendent Donald Campbell and Daniel B. Hittner representing the United States Department of Homeland Security Investigations to conclude two investigations.

Beginning in October of 2012 with a complaint to the Toronto Police Service, Project Greenwell became a complex, multi-national criminal investigation that first looked at those who uploaded and downloaded images and video files to what could be called a 'big box store' of child pornography, with users in at least 116 different countries. The servers were housed at a business in Toronto known as YesUp Media. A subsequent investigation - Project Blackheath - targeted the operators of the business who knowingly facilitated the sharing of these images for profit. There were 60,000 registered users in at least 116 different countries and at least 19,013 users purchased 30-day premium memberships.







https://ktla.com/2019/06/19/effort-underway-to-recall-mayor-garcetti-over-l-a-s-homeless-crisis/


"The low-key mayor who in 2016 helped convince voters to borrow $1.2 billion to construct housing for the homeless has found himself in an awkward position — explaining why the problems have only gotten worse."



Oregon Senate Republicans Flee State In Protest Of Cap and Trade Bill, Denying Dems Quorum, Governor Dispatches Police to Arrest Them

A state version of cap and trade has been making its way through the Oregon legislature this year. The bill passed the House last week, with two democrats joining the republicans in a futile effort to oppose it. Now that the bill is in the state Senate, all 11 republicans who make up the minority have apparently fled the state in order to deny the democrats a quorum so that no business can take place on the Senate floor.

After pleading with republicans to return, the democrats have asked Governor Kate Brown to exercise her authority to dispatch the state police to arrest the missing republicans and forcibly drag them to the capitol building.

The Oregonian reports:



Oregon's Democratic governor, Kate Brown, has dispatched state troopers to find missing Republican senators and bring them back to Salem to legislate.

All 11 Republican senators are in hiding, at least some of them out of state, in order to prevent the Senate from having the quorum it needs to operate. They can't abide the Democrat-backed carbon cap and spend bill that is up for a Senate vote today.

When Republicans failed to show up on the Senate floor for today's 11 a.m. session, Senate President Peter Courtney of Salem, a Democrat, asked the sergeant at arms to search the Capitol for the missing lawmakers. That search proved fruitless.

In response to the walkout, Courtney formally requested that Brown dispatch Oregon State Police troopers to round up the missing Republicans.

Brown quickly granted that request. "It is absolutely unacceptable that the Senate Republicans would turn their back on their constituents who they are honor-bound to represent here in this building," she said in a statement. "They need to return and do the jobs they were elected to do."

Speaking on the partially vacant Senate floor, Courtney said, "I apologize to the citizens for taking (state troopers) off the streets to look for (missing lawmakers)."

Oregon's constitution allows the majority party to "compel" the attendance of absent members of the legislature. The process is rarely used, though.

In 2001, Oregon Senate Democrats walked out and hid to stop a vote on a Republican legislative redistricting bill. They stayed away, bringing Senate business to a halt, for almost a week.

https://www.thegatewaypundit.com/2019/06/oregon-senate-republicans-flee-state-in-protest-of-cap-and-trade-bill-denying-dems-quorum-governor-dispatches-police-to-arrest-them/






Hundreds of Protesters Arrested in India After Water Runs Dry

Drought and a deadly heat wave caused reservoirs to dry up in the country's sixth-largest city.

More than 550 people have been arrested in mass protests in India as some 11 million people in the country's sixth-largest city ran out of clean drinking water. The four reservoirs that supply Chennai in southern India dried up amid a severe drought, reportedly forcing the city's water authority to slash its water output by 40%. Hotels and restaurants were shuttered, some offices instructed workers to remain home to help conserve water, and the city's subway system was forced to shut off air conditioning, despite a deadly heat wave that's caused nearly 200 deaths across southern and eastern India, with temperatures in some regions soaring past 122 degrees.

As water resources ran dry, some residents in the region reportedly began turning to dirty wells and other sources. Authorities were trucking in tankers and bottles of water, but demand led to hundreds of thousands of people to wait in line. Anger and impatience over the situation reportedly erupted in sporadic violence. One man was arrested last week for allegedly stabbing a neighbor in a fight over water. Elsewhere in southern India, water scarcity fueled protests that led to the mass arrests Wednesday.

The crisis comes as climate scientists have issued increasingly dire warnings about global warming and its impact on water supplies around the world, but especially in Southeast Asia. Satellite images have revealed that glaciers and snowpack in the Himalayas are melting at a rapid rate, imperiling water supplies for about a quarter of the world's population. Rainfall in Chennai on Thursday provided a mild reprieve for the city's water crisis. The precipitation exceeded all the rainfall from the last six months, underscoring the infrequency of recent rainstorms and the severity of the region's weekslong water crisis.

https://www.usnews.com/news/world-report/articles/2019-06-20/hundreds-of-protesters-arrested-in-india-after-water-runs-dry








Judicial Watch: New Strzok-Page Emails Reveal FBI Efforts to Muddle Comey Testimony on Clinton Emails; FBI-Media Collusion


Snippets

(Washington, DC) – Judicial Watch announced today it received 345 pages of records from the Department of Justice that show FBI top officials scrambling to write a letter to Congress to supplement then-Director James Comey's Senate testimony in an apparent attempt to muddle his message.

In an email thread starting at 6:34 a.m. on May 9, 2017, with the subject line "Comey's Testimony on Huma Abedin Forwarding Emails Was Inaccurate – ProPublica" nearly a dozen top FBI officials scrambled to draft a letter to Congress about Comey's May 3 Senate testimony.

''

This email thread was concerned with a May 8, 2017, ProPublica report stating that, "Comey's most surprising revelation was that Huma Abedin — [Anthony] Weiner's wife and a top Clinton deputy — had made 'a regular practice' of forwarding 'hundreds and thousands' of Clinton messages to her husband, 'some of which contain classified information.' Comey testified that Abedin had done this so that the disgraced former congressman could print them out for her boss.… FBI officials have privately acknowledged that Comey misstated what Abedin did and what the FBI investigators found." After a flurry of emails, by 8:56 a.m. Comey's chief of staff, Jim Rybicki, sent the group a draft letter for Congress, saying, "Below is a draft that has been reviewed by the Director. Please let me know your thoughts." At 2:02PM, Asst. Director for Congressional Affairs, Greg Brower, asked his colleagues to review the latest iteration of the draft letter to the Senate.

https://www.judicialwatch.org/press-room/press-releases/judicial-watch-new-strzok-page-emails-reveal-fbi-efforts-to-muddle-comey-testimony-on-clinton-emails-fbi-media-collusion/







Senator Hawley Plans to Strip Big Tech of Legal Immunity


U.S. Senator Josh Hawley is taking Silicon Valley to task with new legislation to hold social media platforms like Facebook, Google, and Twitter accountable for their political bias by stripping them of existing Section 230 protections.

The introduction of a new bill follows widespread allegations and evidence that social media platforms treat conservatives and Trump supporters with contempt. The Missouri Republican wants tech companies to demonstrate they are politically neutral in their moderation of user content or be subject to lawsuits they are currently immune to.

The bill he proposes will strip companies of legal immunity for user-generated content provided under Section 230 of the Communications Decency Act unless they can prove their moderation practices are not politically motivated.

"With Section 230, tech companies get a sweetheart deal that no other industry enjoys: complete exemption from traditional publisher liability in exchange for providing a forum free of political censorship," said Senator Hawley. "Unfortunately, and unsurprisingly, big tech has failed to hold up its end of the bargain."

"There's a growing list of evidence that shows big tech companies making editorial decisions to censor viewpoints they disagree with," he added.

"Even worse, the entire process is shrouded in secrecy because these companies refuse to make their protocols public. This legislation simply states that if the tech giants want to keep their government-granted immunity, they must bring transparency and accountability to their editorial processes and prove that they don't discriminate."

The Communications Decency Act currently protects tech companies from liability for illegal content posted on their platforms. It was created during the nascent stages of the Internet to protect their growth and allow the proliferation of free speech online.

The Internet has long passed its infancy. Tech companies that enjoyed this government subsidy now possess the resources to moderate content. It's clear platforms like Facebook and Twitter no longer need these protections and are instead abusing the carve out to protect themselves from liability for their political practices.

"Something is happening with those groups of folks that are running Facebook, Google and Twitter," said President Donald Trump in March. "I do think we have to get to the bottom of it … It's collusive and it's very, very fair to say that we have to do something about it."

The President's comments came in the wake of a $250 million lawsuit against Twitter over allegations of shadow banning conservatives. Shadow banning is the practice of making the posts invisible to anyone but the original poster.

Big Tech has fought back against charges of bias.

Twitter and Google argue that conservatives removed from the platforms were banned for violating their rules against hate speech and harassment.

Senator Hawley's bill will remove automatic immunity under Section 230 from big tech companies. It will provide platforms the ability to earn immunity through external audits. They would have to prove to the Federal Trade Commission (FTC) by "clear and convincing evidence" that their algorithms and content-removal practices are politically neutral.

Furthermore, the FTC will not be able to certify Big Tech companies for immunity except by a supermajority vote. These companies would be responsible for the auditing costs, and only allowed to reapply for immunity every two years.

The Senator's office added that the legislation does not apply to small and medium-sized tech companies. The bill only applies to companies with more than 30 million active monthly users in the United States, or more than 300 million active monthly users worldwide, or who earn more than $500 million in global annual revenue.

In other words, Twitter, Google, and Facebook would be subject to it.

As Hawley's office writes, "Because these companies control the very information we receive, we must ensure that they moderate content in a politically neutral manner. Today's most powerful companies must not be allowed to interfere with the policy Congress established, when passing the CDA, to ensure "a forum for a true diversity of political discourse." 47 U.S.C. § 230(a)(3)."

"It is time to shine light onto what big tech companies do and force them to provide transparency about their content moderation practices."

https://humanevents.com/2019/06/19/senator-social-media-twitter-facebook-section-230-immunity/
 
Oregon Republican senator threatens state troopers, warns them to 'come heavily armed'

Updated Jun 19, 2019;

The governor's hint that she would consider sending troopers in the event of a second walkout triggered an aggressive response from Boquist, which was captured by a KGW news team at the Capitol.

"This is what I told the superintendent," Boquist said, referring to OSP Superintendent Travis Hampton. "Send bachelors and come heavily armed. I'm not going to be a political prisoner in the state of Oregon. It's just that simple."

Embedded video

Pat Dooris



@PatDooris

Oregon state senator @BrianBoquistGOP said if R's walk out to stop a vote on Cap and Trade and @OregonGovBrown sends state police to bring him back, they should be single and well armed. Your take?

290

2:53 PM - Jun 19, 2019

604 people are talking about this

Twitter Ads info and privacy

A spokeswoman for the Oregon State Police did not respond to an inquiry Wednesday afternoon about whether the agency is investigating Boquist's threat. Baertschiger's spokeswoman also did not respond to a request for comment. Senate President Peter Courtney's spokeswoman said she might have a comment, but had not responded by 6 p.m.

In an email to The Oregonian/OregonLive Wednesday afternoon, Boquist stuck with his earlier statement and rejected a reporter's characterization of his threat to troopers as "thinly veiled."

"Nothing thinly veiled," Boquist wrote. "I have been in political coup attempts. I have been held hostage overseas. I have been jailed politically overseas … Not going to be arrested as a political prisoner in Oregon period."

As Willamette Week has reported, Boquist is a U.S. Army veteran whose businesses include military training and an international operation that journalists described in the 1990s as a paramilitary force of armed American and Russian ex-military officers.

Boquist contends that state troopers only have the power to enforce criminal violations and arrest warrants, not to compel absent lawmakers to return to the Capitol during a legislative session.

SAUCE,

https://www.oregonlive.com/politics/2019/06/oregon-republican-senator-issues-threat-to-state-troopers.html




Court: Trump Admin Can Cut Planned Parenthood Family Planning Funding

A federal appeals court held Thursday that the Trump administration's rule that ends taxpayer family planning funding of abortion providers such as Planned Parenthood may take effect.



https://www.breitbart.com/politics/2019/06/20/court-trump-admin-can-cut-planned-parenthood-family-planning-funding/

Massive explosion at gas refinery in Philadelphia: reports

https://www.foxnews.com/us/massive-explosion-at-gas-refinery-in-philadelphia-reports


Hampton Roads Va. cities suing Big Pharma over cost of opioid crisis

310 pages, Norfolk's lawsuit says the producers and manufacturers should pay for:

Medical care for patients suffering from opioid-related addiction or disease,

Treatment, counseling and rehabilitation services,

Treatment for infants born with opioid-related medical conditions,

The cost of providing care for children whose parents suffer from opioid-related disability or incapacitation, and

Costs associated with law enforcement and public safety relating to the opioid epidemic.

https://pilotonline.com/news/government/local/article_880d7b74-9374-11e9-8314-435f544a1f1a.html



An accused child rapist has died after a vigilante mob ripped off his testicles in a frenzied attack in the South African city of Johannesburg.

The incident took place after a local allegedly stumbled across at least three men gang raping two girls aged 14 and 18 in the Ivory Park settlement of Lindokuhle on Saturday night.

The passer-by called other community members for back up and a group raced to the scene to rescue to victims, Gauteng Police Colonel Lungelo Dlamini told News24.

The vigilantes collared the trio before two of the men managed to break free and escape.

A third man could not outrun the mob and was badly beaten before having his testicles ripped off, resulting in his death, Col Dlamini said.

https://www.news.com.au/world/africa/vigilante-mob-rips-off-accused-child-rapists-testicles/news-story/d1b89284782f41e2488268884dd5aad4


Researcher develops mind-controlled robotic arm


Washington D.C. [USA], June 20 (ANI): A collaborative team of researchers has developed the first-ever successful mind-controlled robotic arm, which can help people with disability.

Being able to noninvasively control robotic devices using only thoughts will have broad applications, in particular benefiting the lives of paralysed patients and those with movement disorders, says a recent study published in the Journal of 'Science Robotics.'

Using a noninvasive brain-computer interface (BCI) has been shown to achieve good performance for controlling robotic devices using only the signals sensed from brain implants. When robotic devices can be controlled with high precision, they can be used to complete a variety of daily tasks.

Until now, however, BCIs is successfully controlling robotic arms through invasive brain implants. These implants require a substantial amount of medical and surgical expertise to correctly install and operate, not to mention the cost and potential risks to subjects, and as such, their use has been limited to just a few clinical cases.

A grand challenge in BCI research is to develop less invasive or even totally noninvasive technology that would allow paralysed patients to control their environment or robotic limbs using their own "thoughts." Such noninvasive BCI technology, if successful, will bring such much-needed technology to numerous patients and even potentially to the general population.

https://www.aucklandmagazine.com/researcher-develops-mind-controlled-robotic-arm/



Cancer patients welcome breakthrough 'living drug' that reprograms immune systems to fight disease

In a groundbreaking treatment, cancer patients' immune systems are being genetically reprogrammed to fight their terminal cancer for them, with promising results.

In the UK, a number of National Health Service (NHS) patients with lymphoma at King's College Hospital have been given CAR-T, a "living drug" that is unique to each patient as it contains some of their own cells.

"It is a very exciting new development and it gives new hope to a lot of our patients," Victoria Potter, haematologist at King's College Hospital told the BBC. "It's amazing to be able to see these people, who you may have not been able to give any hope to, actually achieving remission."

Parts of a patient's immune system, the white blood cells, are taken and frozen in nitrogen before being sent to laboratories in the US where they are genetically reprogrammed to find and destroy cancer, instead of killing viruses and bacteria like they normally would. The cells then become chimeric antigen receptor T-cells, or CAR-T and are put back into the patient's bloodstream, where they grow and get to work battling cancer.

https://www.rt.com/uk/462389-immune-cancer-fighting-treatment/


Producer shooting ad for prospective US Senate candidate likely drowned: officials

https://www.foxnews.com/us/crew-member-dies-while-filming-political-ad-for-prospective-u-s-democratic-senate-candidate-officials


Georgian Parliament Speaker Resigns Amid Protests - Ruling Party

TBILISI (Sputnik) - The speaker of the Georgian parliament, Irakli Kobakhidze, has resigned amid protests in the country's capital, the secretary general of the country's ruling Georgian Dream party, Kakha Kaladze, said on Friday.

"This decision has been made to fulfill his responsibility toward the [Georgian] people," Kaladze said at a briefing.

Protests swept Tbilisi on Thursday, with the demonstrators opposing the participation of Russian delegates in the session. At first, Georgian opposition lawmakers left the session as IAO President and Russian lawmaker Sergey Gavrilov opened the meeting in the seat of head of the parliament. The session was interrupted, then the building was assaulted by radicals.

The opposition subsequently joined the demonstrators, calling for the resignation of the government and the parliament speaker. The protests were subsequently dispersed but demonstrators reportedly broke into the office of the ruling Georgian Dream party and ransacked it.

https://sputniknews.com/europe/201906211076008780-georgian-parliament-speaker-resigns/


MSC Gayane Cocaine Bust: Affidavit Details High-Seas Rendezvous' and Crew's Effort to Conceal Drugs

June 20, 2019 by Mike Schuler

New details are coming in about the massive cocaine bust in the Port of Philadelphia earlier this week, revealing an elaborate scheme involving members of the ship's crew who used the ship's crane to load the drugs during high-seas rendezvous's with small boats.

This week's cocaine bust on board the MSC Gayane Packer Marine Terminal in Philadelphia has blown up into one of the largest drug busts in U.S. history.

Authorities boarded the ship on Monday where they discovered some 16.5 tons of cocaine, worth an estimated street value of more than $1 billion, hidden inside shipping containers. While there, they arrested two of the ship's crewmembers, Forofaavae Tiasaga, an able seaman, and Ivan Durasevic, the Second Mate, who admitted to their roles in the scheme in interviews with authorities. The details of the interviews were contained in a criminal complaint which included an affidavit by Homeland Security Special Agent Eric Mooney.

The affidavit revealed that Durasevic and Tiasaga, along with three other crew members, stood to be paid about $50,000 each for their respective roles in helping load and hide the drugs. It also showed that the ship was met by multiple small boats on at least two separate occasions during the ship's previous voyage, and the drugs were loaded using the ship's crane.

The Courier-Post has more of the details:

The vessel was leaving Peru when Durasevic got a call from the chief officer to come down to the deck. There, he saw nets on the port-side stern by the ship's crane, according to the affidavit.

Durasevic said he and others, some of whom were wearing ski masks, pushed the nets containing blue or black bags with handles toward the ship's holds.

"Durasevic stated that he knew the bags contained drugs, but he was unaware of what type," the affidavit said.

While talking to agents, Durasevic identified Tiasaga as one of the crew members who assisted in loading the cocaine

Tiasaga "admitted to his role in bringing the cocaine onboard the vessel and helping to conceal it within legitimate cargo," adding that Durasevic enlisted him into trafficking, the affidavit said.

The MSC Gayane took on drug cargo in open waters as it traveled between Central and South America, investigators said they learned from Tiasaga.

As the vessel proceeded southbound between Panama and Chile, it was approached by six boats during the night.

"Durasevic operated the crane to bring on numerous bales of cocaine that were wrapped in netting. Along with bales of cocaine were replacement seals, which would be utilized on the containers in which the cocaine was concealed," the affidavit said.

Then, as the ship made its way northbound between Chile, Peru and Panama, another eight boats approached with cocaine to load onboard, according to the affidavit.

"All of the drugs, including what had previously been loaded onto the vessel, were taken below deck and concealed within containers."

Both Durasevic and Tiasaga are accused of knowingly and intentionally conspiring to possess with intent to distribute approximately 16.5 tons of cocaine, a Schedule II controlled substance.

Parts of the criminal complaint were also tweeted out by Steve Keeley of Fox29:

Update: Arrest Affidavit Details massive cocaine seizure at Philadelphia Port how crewmembers wore ski masks, agreed to be paid $50,000 to help load cocaine at sea from 6 or 7 boats up port side of ship in containers, then hide it in 7 cargo shipping containers @FOX29philly pic.twitter.com/DP8u7pUDEA

— Steve Keeley (@KeeleyFox29) June 19, 2019

Update contd: $1 Billion street value cocaine discovered on ship in Philadelphia loaded into ship at sea in two deliveries by smaller boats pulling to side of ship it left Peru. First delivery made by six small boats, 2nd delivery by 8 boats. Crane hoisted it up @FOX29philly pic.twitter.com/jlN2SShO7h

— Steve Keeley (@KeeleyFox29) June 19, 2019

The incident remains under investigation.

https://gcaptain.com/msc-gayane-cocaine-bust-affidavit-details-plot-to-load-and-conceal-drugs-by-the-ships-crew/


'Significant military/US Navy nexus' found in Kitsap human trafficking bust


komonews.com/news/local/several-illegal-massage-parlors-in-kitsap-co-busted-for-human-trafficking

Kitsap County, Washingston State // South Puget Sound [near Ketron Island]

Kitsap County Sheriff's Office

On Thursday, June 20th, 2019, several search warrants were obtained for locations in Bremerton, Silverdale, and Poulsbo.

Shortly after noon, investigators arrived at each of the locations to serve search warrants, rescue human trafficking victims, and make arrests of persons who have violated the law.

www.facebook.com/kitsapcountysheriff/


China overnight repo rate falls to 4-year low as PBOC tries to calm funding jitters

China's benchmark overnight repo rate fell to a four-year low of nearly 1 percent on Friday as the central bank continued to inject funds into money markets to ensure ample liquidity ahead of a seasonal surge in cash demand at the end of June.

Typical market jitters over liquidity at this time of year have been amplified after regulators took over credit-laden Inner Mongolia-based Baoshang Bank in May. Some smaller banks and brokers have since struggled to get short-term funding and their financing costs have spiked.

The volume-weighted average rate of China's benchmark overnight repo for banks fell to 1.10 percent on Friday morning, the lowest since June 2015.

The People's Bank of China injected a net 285 billion yuan ($41.56 billion) for the week via open market operations, more than four times the amount last week.

However, the weighted average repo rate of the same tenor traded on the Shanghai Stock Exchange was 1.9550 percent, about 85.5 basis points higher than the over-the-counter interbank money market.

"The fact is that the central bank has kept pouring liquidity, but the transmission is not functioning well," said a trader at a medium-sized Chinese bank, adding the recent generous cash injections by the central bank should not be interpreted as a sign of a change in its monetary policy stance.

Late June usually sees strong demand for cash in China as financial institutions have to shore up their balance sheets to meet half-year end regulatory requirements.

In China, many small lenders and non-bank financial institutions do not have direct access to the PBOC's various liquidity facilities and need to rely on bigger banks.

Traders said some smaller institutions were denied loans in interbank markets last week, prompting regulators to warn larger lenders not to cut off such firms from funding markets.

Non-bank financial institutions have increasingly turned to stock exchanges to borrow cash, where requirements for collateral remained less stringent.

Rising demand for cash on the exchange triggered spikes in the interest rates and trading volume.

Volume of 14-day repos traded on the Shanghai Stock Exchange leapt to an all-time high of 208.9 billion yuan ($30.47 billion) on Monday.

For the week, the PBOC also injected 240 billion yuan of long-term funding through its medium-term lending facility.

$240b yuan=$35b

https://www.reuters.com/article/us-china-markets-repo/china-overnight-repo-rate-falls-to-4-year-low-as-pboc-tries-to-calm-funding-jitters-idUSKCN1TM0CW?
 

Latest posts

Top