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Sunday, June 26, 2016

Democrats At Last Stand Up To The Gun Lobby

Earlier this week (June 22), John Lewis, Georgia congressman and civil rights icon, helped his Democratic colleagues revive some old tactics for a righteous cause: fighting the gun lobby. They staged a sit-in on the floor of the House of Representatives to demand a vote on commonsense gun control measures.

Their protest didn’t work, but that shouldn’t be counted as defeat. Lewis and fellow Democrats — who even sang, with slightly revised lyrics, the old standby “We Shall Overcome” — succeeded in highlighting the cruel and crazy intransigence of the gun lobby and its claque of political water-carriers. In an election season, that gives the forces of sanity a fighting chance.…

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Is Disarmament An Insurrectionist Myth?

Among gun some gun rights advocates, talk of “control” and “regulation” can eventually end up at “conspiracy”.

Some are convinced national political leaders want firearms confiscation.

But why would the U.S. government want to take everyone’s guns?

To begin, according to the government, it doesn’t. Mainstream proponents for gun-control do not call for disarmament — only the most extreme do, but what’s actually being asked for on Capitol Hill is universal background checks with every gun purchase and a ban on assault rifles like the one used two weeks ago in the Pulse nightclub massacre in Orlando, which claimed the lives of 49 people.…

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Surprise Brexit Vote Unleashes Scramble For Dollars

Britain’s historic vote to leave the European Union sparked traders on Friday to scramble for dollars in an effort to buy U.S. bonds and to exit dollar-based bets based on U.K. voters favoring to stay in the bloc.

The dash for greenbacks drove up the cost for Wall Street to fund its dollar-based trades to the highest in nearly three months.

The stunning outcome in Thursday’s Brexit referendum increased reluctance among money market funds and other cash investors to lend as global stock markets plunged.

“The front end of the market had been illiquid,” Tom Simons, money market strategist at Jefferies & Co in New York said of reduced lending with the looming end of the second quarter.…

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