Shared posts

13 Jun 23:52

Iran FM: "Suspicious Doesn't Begin To Describe" Attack On Japanese Tanker During Abe's State Visit

by Tyler Durden

With the words "Gulf of Tonkin" trending on Twitter this morning at a moment that a senior American defense official told CBS News that "it's highly likely Iran caused these attacks," it appears the general public is not even close to buying the claim that Iran attacked two tankers near the strategic Strait of Hormuz this morning. 

Iranian Foreign Minister Javid Zarif pointed out a crucial obvious factor not likely to make it across the US mainstream airwaves or headlines: 

"Suspicious doesn't begin to describe what likely transpired this morning," he said. 

This especially crucial according to his comments — given that one of the vessels is a Japanese tanker supposedly "attacked" by Iran in the middle of a visit to Tehran by Japan's Prime Minister Shinzo Abe.

Japan's Trade Ministry later confirmed that one of the ships hit Thursday morning was carrying "Japan-related cargo."

Via The Japan News/The Yomiuri Shimbun: Prime Minister Shinzo Abe attends a joint press conference with Iranian President Hassan Rouhani following their summit meeting in Tehran on Wednesday.

The details of the Japanese tanker are described by the AP as follows:

The Japanese operator of a tanker that was damaged in a suspected attack in the Strait of Hormuz says all of its crewmembers are now safe onboard a U.S. Navy warship.

The chemical tanker Kokuka Courageous, operated by Kokuka Sangyo Co., was apparently attacked as it was passing through the Strait of Hormuz toward Singapore and Thailand destinations to deliver methanol.

Currently Iran is desperately attempting to salvage the 2015 nuclear deal with other world powers at a time its economy is being crushed under US sanctions, and Wednesday's visit by the Japanese PM appears an attempt to mediate. The tanker incident and emergency nature of what transpired "eclipsed the Abe visit, an unexpected bit of outreach to Iran by someone Trump calls a friend," as CNN noted

The Panama-flagged and Japanese-owned Kokuka Courageous was one of the two vessels reportedly attacked, possibly by torpedo fire, mine, or underwater drone, in the Gulf of Oman. 

Speaking of CNN, we've really entered new territory when even it's pundits are quickly raising the question of a 'false flag' in our midst:

Iran doesn't appear to have a lot to gain. Say what you like about Tehran's malicious intent, these incidents heighten the global drumbeat for greater isolation and boosts those who seek to apply military pressure on Iran. Its economy is in a bad condition. Before President Donald Trump pulled the US out of the JCPOA (colloquially known as the Iran nuclear deal), Tehran was at its peak of regional influence. With diminished economic resources, its potency is likely to wane.

The incidents also came in the middle of a visit to Tehran by Japan's Prime Minister Shinzo Abe, apparently trying to mediate over the nuclear deal (although Tokyo says he's not an envoy for Washington). The apparent attacks eclipsed the Abe visit, an unexpected bit of outreach to Iran by someone Trump calls a friend.

And quite surprisingly, more from CNN:

Iran's chief moderate, Foreign Minister Javid Zarif, was right to point out that "suspicious doesn't begin to describe what likely transpired this morning." When one party is so easily blamed, it is likely blameless, or unfathomably stupid.

Meanwhile anonymous US officials are blaming a "state actor" in what is very likely just the beginning of a hail of evidence-free accusations and threats to follow. 

And separately, a spokesman for the Saudi-led coalition supporting Yemen's government in the country's civil war has come out and blamed Iran for Thursday's attack, saying they believe they can connect it to a similar tanker bombing last year in the Red Sea committed by Yemen's Iran-backed Houthi rebels.

The spokesman called the attack a "major escalation", and reiterated in what sounded to us like a thinly veiled threat that Saudi Arabia has the capacity to protect its vital institutions.

Office of the Iranian Supreme Leader via AP Photo

It will be interesting to see what Japan officially concludes when it releases further statements and perhaps more details of its findings on the incident. On Wednesday, just before the attack, Japan's Abe told Rouhani that "no one wants a military clash" while speaking of the US so-called "maximum pressure" campaign and ratcheting tensions with Washington. Abe said at a press conference while standing beside Rouhani: “I decided to visit Iran as part of my efforts to ease tensions.”

PM Abe also called on Tehran's leaders to play a “constructive role” toward stabilizing the region and pursuing a calming of tensions. 

And following this positive meeting with Japan's head of state that went in Iran's favor, what did Iran decide to do a mere hours later?... Attack a nearby Japanese tanker of course!

13 Jun 23:48

5 Reasons Jon Stewart’s Rant About Congress Was Completely Ignorant

by Christopher Jacobs
Noting that lawmakers tweeted about never forgetting the heroes of 9/11, Jon Stewart accused them of ‘callous indifference and rank hypocrisy’ for not listening to him rant.
13 Jun 23:48

Lee Daniels Blames Smollett for 'EMPIRE' Cancellation...


Lee Daniels Blames Smollett for 'EMPIRE' Cancellation...


(Third column, 20th story, link)


13 Jun 23:48

Cereals contain ROUNDUP ingredient, study finds...


Cereals contain ROUNDUP ingredient, study finds...


(Third column, 22nd story, link)


13 Jun 23:48

Tarantino R-rated 'STAR TREK' will be f*cking foulmouthed...


Tarantino R-rated 'STAR TREK' will be f*cking foulmouthed...


(First column, 19th story, link)


13 Jun 23:47

PUTIN: U.S.-Russia relations getting 'worse and worse'...


PUTIN: U.S.-Russia relations getting 'worse and worse'...


(First column, 18th story, link)


13 Jun 23:47

NASA Eyes Wild Space Tech to Mine Moon...


NASA Eyes Wild Space Tech to Mine Moon...


(Second column, 18th story, link)


13 Jun 23:46

LIMBAUGH: HAVE YOU LOOKED AT DRUDGE LATELY? IS AMERICA FINISHED?


LIMBAUGH: HAVE YOU LOOKED AT DRUDGE LATELY? IS AMERICA FINISHED?


(First column, 11th story, link)


13 Jun 23:46

Texas to make sex jokes on campus a criminal offense?


Texas to make sex jokes on campus a criminal offense?


(First column, 6th story, link)


13 Jun 23:46

'If you're trying to silence me through the Hatch Act, it's not going to work'...


'If you're trying to silence me through the Hatch Act, it's not going to work'...


(Second column, 7th story, link)


13 Jun 23:46

USA BLAMES IRAN


USA BLAMES IRAN


(Main headline, 2nd story, link)

11 Jun 13:46

GOOGLE made $4.7 billion using press content...

11 Jun 13:46

$339,000 for a restroom? Politicians balk at cost of toilets for LA homeless...


$339,000 for a restroom? Politicians balk at cost of toilets for LA homeless...


(Third column, 24th story, link)


11 Jun 13:46

High-speed rail route took land from farmers. The money owed never arrived...


High-speed rail route took land from farmers. The money owed never arrived...


(Second column, 31st story, link)


11 Jun 13:45

NYTIMES Correspondent Barred From Reporting...

11 Jun 13:45

CHOPPER CRASH LANDS ON NYC SKYSCRAPER...


CHOPPER CRASH LANDS ON NYC SKYSCRAPER...


(Second column, 5th story, link)


11 Jun 13:45

Fear-mongering...


Fear-mongering...


(Third column, 2nd story, link)


11 Jun 13:44

Mike Tyson plans marijuana resort...


Mike Tyson plans marijuana resort...


(Third column, 29th story, link)


11 Jun 13:44

Legal L.A. pot industry fed up with rogue shops...


Legal L.A. pot industry fed up with rogue shops...


(Third column, 28th story, link)


11 Jun 13:44

Pentagon eyes ketogenic diet in bid to build more lethal warriors...


Pentagon eyes ketogenic diet in bid to build more lethal warriors...


(Third column, 21st story, link)


11 Jun 13:43

ABCNEWS scorched for 'wrong' climate predictions...


ABCNEWS scorched for 'wrong' climate predictions...


(Third column, 5th story, link)

Related stories:
Fear-mongering...

11 Jun 13:43

World's most costly painting...


World's most costly painting...


(Second column, 16th story, link)


11 Jun 13:42

Motions hearing continued in Alexandria attempted feticide case

by Melissa Gregory, Alexandria Town Talk

The defense attorney for an Alexandria man accused of trying to hire someone to kill his girlfriend's unborn child said Monday that the case might resolve itself.

      
11 Jun 13:41

Another arrest 'forthcoming' in Alexandria food-stamp fraud case

by Melissa Gregory, Alexandria Town Talk

A third arrest is "forthcoming" in an Alexandria food-stamp fraud investigation, which also has seen more than 100 recipients have their eligibility revoked.

      
11 Jun 13:41

Gulf of Mexico’s oxygen-starved ‘dead zone’ approaches record size

Heavy rain and fertilizer runoff has rendered a massive patch of the Gulf of Mexico deadly to marine life.
11 Jun 13:40

Human brain uniquely tuned for musical pitch

The human brain is uniquely tuned to appreciate music, according to a new study.
11 Jun 13:39

FBI Probe...

11 Jun 13:39

Wife of famed artist Peter Max kills self in NYC apartment...


Wife of famed artist Peter Max kills self in NYC apartment...


(Second column, 22nd story, link)


11 Jun 13:39

DNA testing identifies victim of 9/11 attacks at New York's World Trade Center

Nearly 18 years after the Set. 11, 2001, attacks in New York City, authorities have identified another person whose remains were found near a Manhattan skyscraper.
11 Jun 13:39

Amazon Launches Credit Card For Deadbeats

by Tyler Durden

Submitted by Nick Colas of DataTrek Research

Amazon launched a new credit card offering today for individuals with bad/no credit. If disruptive innovation always starts with addressing the low end of a market (and it does…) then this move merits attention. If anyone has the technological horsepower to crack the low end of the financial services marketplace, it’s Amazon.

Most of what passes for “disruptive innovation” doesn’t actually fit that description too well. We haven’t talked about this idea for a while, so as a reminder:

  • Harvard Business School professor Clayton Christensen’s original disruption paradigm describes a business that starts life addressing the low end of a market.

  • To be profitable competing in this segment, the company has a unique edge. Think Japanese “lean manufacturing” in the auto industry or Amazon’s original business of selling books on the Internet. Both were novel for their time and gave a definable competitive/financial advantage.

  • Since these new entrants are only attacking the low end of a market, established competitors cede ground since they don’t make much money here anyway.

  • Over time, the new company moves upscale using the same competitive advantage. Again, established companies retreat since they still have the high end to keep them profitable.

  • Eventually, the upstarts become the status quo as the old guard dies and the whole cycle begins anew.

We bring all this up because Amazon’s news today that it is launching a secured credit card for individuals with bad/no credit history fits this pattern better than a lot of things that pass for “disruption” these days. A few details:

  • The underbanked/unbanked/low credit score cohort clearly fits the definition of the “low end” of the market for financial services. While community banking laws mean the bad-old-days of redlining are largely past, there is still a sizable community of Americans with little access to the financial products most of us take for granted.

  • Amazon Credit Builder is the name of the company’s new secured credit card offering. A customer deposits $100 - $1,000 with Amazon’s affiliated bank (mailing a check/money order is an option) and receives a credit card with a line of credit of equal amount.

  • Repayment is fixed at 6, 12, or 24 months, customers can track their credit score online and also see how timely repayment is improving their FICO score on a monthly basis.

  • Clients of Amazon Credit Builder can upgrade to the company’s standard credit card offerings in as little as 7 months provided they make timely payments. At that point their security deposit is refunded in full.

  • The only downside (but it’s a lulu)…. An annual percentage rate of 28.24%.

Our thought: Amazon is famous for only addressing large markets but often starting small and this product seems to fit both characteristics. If anyone has the technology (and lack of branch infrastructure) to make a profitable go of it at the low end of consumer banking, it is Amazon.