
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.
by Joel B. Pollak21 Jul 2015, 4:27 PM PST0

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.
by Chriss W. Street9 Jul 2015, 1:49 PM PST0

Promising to reverse a stock market crash over the last 14 trading days that has been worse than the US crash in October 2008, China’s state-owned banks, stock brokers, and fund managers committed $200 billion to rescue stock prices over the weekend.
by Chriss W. Street6 Jul 2015, 4:34 AM PST0