Tuesday, May 13, 2014

News - Daily Summary

In Eastern Ukraine six government soldiers were killed in an ambush. Other than that, not much has happened since parts of Eastern Ukraine voted for self rule. In Venezuela the protests continue amid shortages of food and basic necessities. In Syria the Assad government has essentially won the civil war with the taking of Homs. It did not help that the U.S. did not support the rebels early on and that Iran backed Assad with weapons and troops. In Turkey over 200 miners were killed in a coal mine explosion. There were no major developments across the rest of the Middle East. No new developments with North or South Korea. Tensions are still high with China and Japan and with China and Vietnam. China is also putting pressure on the Philippines of disputed waters.

In the U.S. stocks were mixed today.  Gold was flat while oil was higher. I have noticed that the price of gasoline is starting to fall in Southern California, which is good news. 90 people were arrested today and charged with fraud for filling fake claims with medicare. Authorities claim that this group defrauded the government of $290 million dollars. I wonder how much fraud there is in all the government programs? I bet it runs into the billions. There were no other major developments in the U.S. besides the usual murders, mayhem, corruption, trivialities, and tragedies.

It was another day in the calm before the storm.

What do you think?