Saturday, July 2, 2016

#UK - Sadiq Khan: 'Leave' camp must explain rising xenophobia - UpFront: Al Jazeera English

Published on 2 Jul 2016
Just a week after Britain's vote to leave the European Union, the UK is facing a potential economic downturn, a political crisis and a spate of racist attacks.

During the referendum, those on both sides of the debate accused each other of lies, smears and racism, but with Islamophobic and racist abuse now on the rise, who is to blame for the spike in attacks?

In this week's Headliner, Mehdi Hasan speaks to London Mayor Sadiq Khan, who says the leaders of the "Leave" campaign must explain why there is now a sharp increase in racist attacks.

"You can't escape the fact that the ['Leave'] campaign was horrible," he adds.

When asked how best to combat Islamophobic rhetoric, the London mayor says that the country must "beat it one person at a time, one newspaper at a time, one media outlet at a time."

Watch more of Mehdi Hasan's interview with Sadiq Khan, in which they discuss the political crisis facing the Labour party and Jeremy Corbyn.

#Serbia - 'Jealous' man guns down five, wounds 22 in Zitiste cafe: euronews (in English)

Published on 2 Jul 2016
Five people were killed and another 22 wounded on Saturday (July 2) when a man entered a cafe in northern Serbia and opened fire with an assault rifle he owned illegally.

Police said they arrested the gunman, in his late 30s, immediately after the shooting during a local festival in the village of Zitiste, around 80 kilometres north of Belgrade.

The gunman reportedly aimed for his estranged wife and another woman. He had no criminal record and authorities say jealousy could be a motive.

Serbi…
READ MORE : http://www.euronews.com/2016/07/02/je...

#Australia - Turnbull says he can still form government: ABC News (Australia)

Published on 2 Jul 2016
Malcolm Turnbull says the Coalition can form a majority government in the new Parliament, despite the election being too close to call. Read more here: http://ab.co/29d6Pvp

#UK - Brexit protesters take to streets of London: AFP news agency

Published on 2 Jul 2016
Thousands march through London to protest against Britain's vote to leave the EU, which has sparked political turmoil and polarised public opinion

 https://petition.parliament.uk/petitions/131215 4,097,482 signatures

Protect Your Portfolio From Volatile Markets With This Strategy: TheStreet

Published on 2 Jul 2016
If the second half of 2016 looks anything like the first, investors are in for quite a volatile equity market. 'Markets always have some volatility, but it's been increasing the last couple of years,' said Nardin Baker, chief strategist at Guggenheim Partners, a global investment firm with $240 billion in assets under management. 'Events seem to cause a spike in volatility, volatility may fall and then stay at a somewhat higher level than in the past.' While it's anyone's guess as to what those events are going to be, Baker said investors should be cautious about taking on too much risk right now. The VIX, Wall Street's fear index, which measures volatility, traded at an average of 18 year-to-date. On Friday, the VIX traded near 14.8. Its high for the year was 28.14, reached on Feb. 11, the same day the blue-chip Dow Jones Industrial Average hit its 2016 low of 15,660,18. At the start of 2016, worries about China's economy sparked worries of a global recession, leading to a markets swoon. To grapple with volatility Baker stressed the importance of an optimized volatility strategy, where a portfolio's holdings are altered based on various market conditions. 'With optimized volatility, we measure which stocks have been rewarded in the recent past: high risk ones or low risk ones,' Baker said. 'Then we find an optimized portfolio that tilts towards those either high risk or low risk ones - whichever is being rewarded.' Baker said this changes the portfolio's risk exposure, but only after the market has started to reward risk. Markets usually reward risk after major selloffs. 'You don't have to do anything in terms of making decisions - we are always measuring what the reward to risk is and the portfolio automatically shifts the exposure,' he said. Baker said investors can take part in this strategy through an exchange traded fund. Guggenheim offers the U.S. Large Cap Optimized Volatility ETF , which contains 120 S&P 500 names. Meanwhile, Baker is watching two factors for the remainder of 2016: the dollar's strength and interest rates. '[If the 10-Year Treasury yield] stays low at 1.5 percent, we're probably in for some slow [economic] growth,' he said. On Friday, the 10-Year yield fell to 1.385 percent, a record low, as investors continued to flood safe-haven government bonds, following the historic June 23 Brexit vote. Baker also doesn't expect the Federal Reserve to hike interest rates in 2016. 'If you look at future curves, the markets aren't forecasting much growth or much inflation,' he said. 'The Fed would like to raise rates, but they're not really compelled to at this time.' TheStreet's Scott Gamm reports from Wall Street.

#USA - To defeat ISIS, we must be as ruthless as they are: Fox News

Published on 2 Jul 2016
Fox News strategic analyst Ralph Peters gives his take on 'Fox & Friends'

#Bangladesh - 20 Hostages Killing in Dhaka Restaurant Standoff #BangladeshAttack: ABC News

Published on 2 Jul 2016
ISIS claims responsibly for the attack, though authorities are still investigating.

#USA - Trump to Turkish Reporter: Are you friend or foe? CNN

Published on 2 Jul 2016
During a campaign event, presumptive Republican presidential nominee Donald Trump asked a Turkish reporter if he was "friend or foe."