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Tag: 1929

nukes

Obama Lied: There Are No Ballistic Missile Restrictions in Iran Deal

President Barack Obama boasted last week that his administration forced Iran to accept an eight-year delay in the lifting of ballistic missile sanctions, when Iran wanted those restrictions canceled immediately. (Never mind that Iran made the demand at the last minute, raising a “non-nuclear” issue of the sort Obama says the U.S. could not make with regard to American captives.) Now, Obama’s brag turns out to have been a lie. There are no ballistic missile restrictions in the deal: Iran is merely “called upon” to refrain, voluntarily, from such technology.

Mao (Greg Baker / AFP / Getty)

China Just Nationalized $6 Trillion of Stock Losses

China’s stock market had what traders call a “Dead Kitty” bounce on Thursday as the communist authorities dispatched police and security personnel to “encourage” insider-buying and to arrest short sellers. With the Chinese market still highly inflated even after falling $3 trillion in value, China took action last night to “nationalize” about $6 trillion in losses.