In The News Today

Posted at 10:12 AM (CST) by & filed under In The News.

James Mattis Calls B.S. On NBC’s Nuclear Weapons Story
October 11, 2017

Today NBC News reported that at a July 20 meeting that President Trump expressed a desire to expand the US nuclear arsenal from 4,000 to 32,000 warheads. The object of the report was clear, to further push the Democrat narrative that Trump is an idiot. Trump protested,

giving rise to yet more anti-Trumpian rage.

Now someone who was there has issued an on-the-record statement:

Defense Secretary James Mattis disputed an NBC News report Wednesday that President Donald Trump sought a tenfold increase in the U.S. nuclear stockpile during a summer meeting

“Recent reports that the president called for an increase in the U.S. nuclear arsenal are absolutely false. This kind of erroneous reporting is irresponsible,” Mattis said in his statement. Trump, during a brief interaction with reporters ahead of a meeting with Canadian Prime Minister Justin Trudeau, mentioned that Mattis would be releasing a statement contesting the NBC News report.

More…

Bill Holter’s Commentary

May God have mercy and help these people. We survived a wild fire that took 1,700 homes, ours included. Many lives will change in ways not even contemplated now. I can state from first hand experience that some of the change is good, especially the new found appreciation of life itself!

New Satellite Photos Reveal The California Wildfire’s Shocking Damage From Space
October 11, 2017

More than a dozen wildfires ignited on Sunday in Northern California, a region at its driest this time of year.

Flames have consumed more than 170,000 acres of land, killed at least 23 people, destroyed thousands of homes, and forced tens of thousands of people to evacuate. Napa and Sonoma counties — the heart of California wine country — are especially hard-hit.

Officials have yet to determine the origin of the Santa Rosa wildfires, but dry and powerful “Diablo winds” that blow in overnight may have stoked and spread the infernos.

Satellites in space are recording shocking views of the disaster, an event that some experts are calling one of the worst firestorms in the state’s history.

On Wednesday night, DigitalGlobe — a satellite-imaging company that captures 100 terabytes’ worth of new photos of Earth each day — released some of the first close-up views of the disaster from orbit.

More…

Bill Holter’s Commentary

The problem is…they cannot pay what is not there and does not exist.

Teamsters Rally In Springfield To Fight Pension Cuts At UPS
October 12, 2017

SPRINGFIELD, Mo. — A large group of teamsters gathered in Springfield Thursday, holding rallies at the local UPS center and at the teamsters Hall.

They are rallying because they oppose a plan by UPS to cut pensions by 20%. Many retired Teamsters from this area and the Kansas City area held a “no cuts rally.”

They started the morning at the UPS center. Ralliers say the change would affect over 400,000 teamsters and their families Nationwide. UPS says they have proposed the cuts because the pension plan is in trouble and if something isn’t done now, the cuts could be more extreme in the future, or the plan could completely fail.

A UPS spokesman says, “UPS is troubled by the difficult and potentially life-changing impact of pension benefit reductions on current and future retirees. Allowing multiemployer plans to default likely brings far deeper cuts than addressing the funding issues today, while there is time to make a difference. Simply hoping for a full federal bailout of failing multiemployer plans is not a viable solution. The company is working to develop alternative solutions that will help address the declining health of multiemployer pension plans.”

Many of those rallying today are from the Kansas City area as well as some from the Springfield area. many are former UPS employees, but some Teamsters worked for other companies, like Burley Swift, who retired from Consumers grocery store in 2001.

More…

Bill Holter’s Commentary

More proof of movement away from the dollar. How much is too much?

China Establishes Yuan-Ruble Payment System
October 12, 2017

SHANGHAI (Reuters) – China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions.

The PVP system for yuan and ruble transactions was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system.

It marks the first time a PVP system has been established for trading the yuan and foreign currencies, said the statement, which was posted on Wednesday on the website of the China Foreign Exchange Trade System (CFETS).

PVP systems allow simultaneous settlement of transactions in two different currencies.

More…