Afghan Peace Council Member Assassinated

A former Taliban minister who had been a go-between in potential peace talks was assassinated as he headed toward a meeting with the government about reconciliation.
Mullah Arsaia Rahmani had been living in Kabul under protection from the Afghan Intelligence Service.  He died when a gunman approached his car and opened fire.  The assassin escaped according to another member of the Council. Continue reading

California Deficit Reaches $16 Billion

California’s budget deficit has swollen to $16 billion after legislators ignored Governor Jerry Brown’s calls for cost cuts.

Governor Brown had estimated in January that the budget would be short by $9.2 billion dollars.  The federal government stepped in to block budget cutting measures and tax revenue was $2 billion under projections which led to the increase in the deficit. Continue reading

JPMorgan Chief Investment Officer Leaves After $2 Billion Loss

Ina Drew, the chief investment officer for JPMorgan Chase, resigned after 30 years with the company due to mismanagement that led to a $2 billion dollar loss by the largest US bank.  The bank’s co-chief of global fixed income will take over as CIO.

The poor investments have apparently been restricted to the company’s London office where other staff members are expected to resign or be terminated.  Continue reading

Whooping Cough Epidemic In Washington State

Washington state health officials have declared an epidemic and are fearful of higher spikes in occurrences of whooping cough.
Washington has already had 10 times the cases reported in 2011 as has Wisconsin who has yet to declare an epidemic.
The state is providing free vaccinations against the disease and Governor Chris Gregoire announced $90,000 for a public awareness campaign about the disease.  State health Secretary, Mary Selecky, said it’s the first declaration of an epidemic she’s made in 13 years on the job. Continue reading

JP Morgan $2 Billion Dollar Loss Stuns Wall Street

JPMorgan Chase, the largest bank in the United States, has shocked the financial community by reporting a two billion dollar loss on investments made by the bank’s traders.
Officials with the bank blamed “errors, sloppiness and bad judgment” for the losses and stated that it was possible another billion dollars could be lost because of the strategy that has been in place for investors.
The bank’s chief investment office will lose an estimated 800 million dollars in the second quarter of the year even when accounting for gains in other investment areas.   Continue reading

Al Qaeda Yemen Has Entire Unit Devoted To US

A source working closely with US intelligence has identified a group within Al Qaeda Yemen whose entire purpose is designing attacks against the United States according to CNN.

The unit is working to help develop explosives that are designed to get back the X-Ray screening at major airports. The unit, based in southern Yemen, has yet to pull off a successful attack against American troops or civilians. Continue reading