“Not Enough”: UAE Rejects US “Proof” Of Iran’s Role In Prior Tanker Attacks

Russia has given official backing to Iran’s version of events concerning last week’s drone shoot down which nearly sparked a major US-Iran war, as Bloomberg reports, and lashed out at the White House’s sanctioning of Iran’s Supreme Leader. “There is a very narrow window left because this is an absolutely insulting step for intergovernmental relations. But hope dies last,” a top Russian Foreign Ministry official in Moscow, Zamir Kabulov told reporters of Washington’s new sanctions on Khamenei. read more

Tailing 5-Year Auction Prices At Lowest Yield In Almost Two Years

After yesterday’s super-strong, stopping-through 2Y auction which printed just as the bond market was sliding following Powell’s latest less dovish than expected comment, moments ago the US sold $41 billion in 5 Year notes, in a less impressive, if nowhere near weak auction.

The high yield of 1.791%, which tumbled from last month’s 2.065% and was the lowest yield since August 2017, tailed the When Issued 1.786% by 0.6bps, although considering the sharp moves in recent days, that may have simply been a precautionary concession. read more

LIBOR Now Inverted: “Rate-Cuts Aren’t Going To Be Insurance; They Are The Alarm Bells”

Authored by Jeffrey Snider via Alhambra Investments,

Last week, for the first time since February 2008, the LIBOR curve inverted. The 3-month tenor has been on the move downward for some time. The 1-month rate has been gentler in its slope. Last Thursday, the two finally crossed. As unnatural as inversion in the UST curve or elsewhere, it’s another sign of imminent rate cuts.

I am somewhat reluctant to point out how it was on August 9, 2007, when this same thing happened for the first time last time around. It doesn’t mean we are repeating 2008, only that the market perceives substantial negative factors which are going to lead the Federal Reserve to begin reducing the interest it pays on its money alternatives soon. read more

How Western Firms Fought Against China’s ‘Cloud Hopper’ Hackers

LONDON–Hacked by suspected Chinese cyber spies five times from 2014 to 2017, security staff at Swedish telecoms equipment giant Ericsson had taken to naming their response efforts after different types of wine.

Pinot Noir began in September 2016. After successfully repelling a wave of attacks a year earlier, Ericsson discovered the intruders were back. And this time, the company’s cybersecurity team could see exactly how they got in: Through a connection to information-technology services supplier Hewlett Packard Enterprise. read more

Savannah: Sweet and Spooky

“Savannah is a city built on its dead,” T.C. Michaels revealed, his enthusiasm for the area’s harrowing history proving difficult to rein in for the hushed tones of a good ghost story.

He meant it literally: many homes, offices, and hotels in Savannah were built atop graveyards and cemeteries, and the spirits of the buried didn’t much appreciate it—or so the story goes. (The digging phase of new construction always proves interesting, a local tells me.)

Savannah’s dead date all the way back to the city’s founding in 1733. Many met their maker within the city limits, often under unfortunate circumstances; Savannah was an important location during America’s Revolutionary and Civil Wars, and surrounding land was ripe for the sort of agricultural plantations that bred the ugliest years of slavery. Thousands died of yellow fever outbreaks in the 1800s. Understandably, the city creaks and whispers with the sighs of the passed. read more

A Berkshire Journal: All Things Green and Growing

“To mow or not to mow?” That is the question. It clings like an unwelcome burr to the back of this day.

Of the two ways to debate it, ecological and practical, there are about 10 more I could find to argue myself out of either, guilt-free.

I sink down onto the slope and stretch out my legs, feet inadvertently pointing toward the mower, where it has been neatly parked under the deck and out of the rain for several weeks. I sense its silent satisfaction with that arrangement. 

The sun runs gentle, equanimous fingers of light through grass grown too tall now for comfortable mowing, subsequently quashing the desire to argue anything really, at all. read more

NASA to Open Moon Rock Samples Sealed Since Apollo Missions

HOUSTON—Inside a locked vault at Johnson Space Center is treasure few have seen and fewer have touched.

The restricted lab is home to hundreds of pounds of moon rocks collected by Apollo astronauts close to a half-century ago. And for the first time in decades, NASA is about to open some of the pristine samples and let geologists take a crack at them with 21st-century technology.

What better way to mark this summer’s 50th anniversary of humanity’s first footsteps on the moon than by sharing a bit of the lunar loot. read more

Man Crushed Under Steel Bars, Passersby Run to His Rescue

A man transporting steel bars was crushed under them as the supports on his vehicle collapsed, only to be rescued moments later by passersby, according to Chinese new outlet Guangdong Econ-Science Channel.

Before and after images of the steel bars falling. (User: KNews/Weibo.com)

The man suffered fractures to his spine. After the steel bars were lifted off of the man, he was conscious, but unable to move.

The man after the bars were removed. (User: KNews/Weibo.com)

Security camera footage caught the incident in Foshan City in Guangdong Province, China on June 13.

People Run to the Rescue

Security footage showed that as the three-wheeled car rolled over a bump, the driver hit the brakes. A three-wheeled car is a common low-cost vehicle used in China. read more

Learning from the Masters


Artist Niko Chocheli. (Joshua Woodroffe)

Georgian Artist Niko Chocheli, of the Chocheli School of Fine Art in Doylestown, Pennsylvania, shares a selection of masterpieces he saw as a teenager. Growing up in Soviet-occupied Georgia meant Chocheli could only travel within the Soviet bloc to view art. Here’s how viewing those artworks shaped his understanding of art.

When I was very young, my parents would take me to great museums. I already loved art, well enough that it was my life, but now I needed to know how it was all done and who these great artists were that I’d been so inspired by. read more

5-Year-Old Boy Thrown From Mall of America Had More Than 15 Procedures, Family Says

The family of a 5-year-old boy thrown from a Mall of America balcony said that the child has undergone more than 15 medical procedures and surgeries.

According to a GoFundMe update on June 25, the boy, Landen, is still in intensive care after falling three stories at the Minnesota mall.

“It has been so hard for our young son and our family. Up until now we have let our hopes govern what we have revealed to the public,” the page said. “However, the injuries and severe complications have now resulted in more than 15 separate medical procedures or surgeries, including surgeries for two broken arms and a broken leg, removal of his spleen, procedures for fluid in his lungs and stomach, as well as for facial and skull fractures.” read more