LISTEN: PAINE in the Morning — News Scoops & Analysis for Thursday 6.11.20

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Shootings Surge, Murders up over 100 Percent as Protesters Flood NYC – Shootings surged and murders were up over 100 percent in New York City last week as protesters flooded the streets, along with rioters who shattered windows and destroyed property.

The New York Post reports there were 13 murders from Monday, June 1, 2020, to Sunday night, June 7, 2020. There were five murders during that same time period in 2019. – READ MORE


LAPD: Homicides Up 250% During Past Week of ‘Defund Police’ Peaceful Protests – The defund chatter has been loud in my former city of residence, Los Angeles. Lunatic Mayor Eric Garcetti announced that he would defund the LAPD to the tune of $150 million, all the while implying that the police in L.A. are killers.

Garcetti may want to pump the brakes on his budget cuts and his rhetoric a bit. The locals have been a bit out of hand in the City of Angels recently. – READ MORE


HBO Max Blacklists ‘Gone With the Wind’ – The Woke Taliban have won. HBO Max announced on Tuesday it is blacklisting Gone With the Wind (1939), and with it, Hattie McDaniel’s performance for which she won the Best Supporting Actress Oscar of 1940.

McDaniel was not only the first black actor or actress to win an Oscar, she was the first black person ever to win an Oscar of any kind, and the first black person to even be nominated. Other than Merle Oberon, who was both Asian and Polynesian, McDaniel was the first racial minority ever nominated for any category. – READ MORE


Man Accused Of Killing Black Police Captain Once Got 7-Year Jail Sentence. Never Served A Day In Jail. – The man who the St. Louis Metropolitan Police Department arrested this week for allegedly murdering retired St. Louis Police Captain David Dorn was previously convicted and sentenced to seven years in prison in 2014 — but never spent a day inside of a jail cell.

“Stephan Cannon, 24, was sentenced to seven years for felony robbery but the judge gave him a break,” Fox 2 reported. “Cannon got probation under what’s called a suspended execution of sentence (SES). Court records show Cannon then violated probation — twice — and got two more breaks. He never went to prison.” – READ MORE


Where’s my money? 35 million still waiting on stimulus checks, feds say – An estimated 30 million to 35 million people in the United States are still waiting on federal coronavirus relief payments, CBS News reports.

The payments of $1,200 per person or $2,400 per couple, plus money for each minor child, have been going out to those who qualify since April, CNBC reported. – READ MORE


Fed Officials Project 5% Growth in 2021, No Rate Hikes Through 2022 – Federal Reserve officials projected Wednesday that the economy would grow 5 percent next year as it recovered from a projected 6.5 percent decline this year.

That would be the fastest annual growth in gross domestic product since 1984. – READ MORE


Harvard Nanoscience Professor Indicted for Concealing Work for Communist China, Wuhan University of Technology – The U.S. Department of Justice has indicted Harvard professor and former Department of Chemistry and Chemical Biology Chairman Dr. Charles Lieber, 61, for making false statements to federal investigators. The investigators are looking at Lieber’s work with China’s Thousand Talents program – READ MORE


United Airlines to Require That Passengers Pass Health Checklist – United Airlines Holdings Inc. is requiring its passengers to complete a self-assessment health screening before flying, one of the furthest reaching efforts among carriers to keep the Covid-19 outbreak in check as travel resumes.

Customers will have to confirm they haven’t experienced coronavirus symptoms two weeks before flying and complete a checklist based on recommendations from the Cleveland Clinic, United said Wednesday. – READ MORE


Bipartisan Majorities Move to Override PA Gov. Tom Wolf and End Lockdowns – After weeks of scrutiny over his controversial lockdown orders and restrictions, Pennsylvania Gov. Tom Wolf (D) is losing Democrats as bipartisan majorities in both chambers of the state’s legislature passed a resolution ending his emergency declaration spurred by the coronavirus.

The resolution, lawmakers say, effectively ends the emergency declaration, which Wolf originally signed on March 6. The order was set to expire June 4, but the governor renewed it the day prior, stating that such action “helps state agencies with resources and supports as we continue mitigation and recovery.” – READ MORE


Alarming Study Finds US Public Pensions To Run Out Of Money By 2028 – At a moment a number of US public pension plans have barely recovered – if at all from the 2008 financial crisis – now to be hit with continuing economic fallout from the corona-crisis and domino effect of historic unemployment, an alarming report in FT warns that seven major public pension plans are due to deplete their assets by 2028.

“The correction in the US stock market has increased the long-term structural problems across the entire US public pension system, particularly for the weakest funds,” FT observes. – READ MORE

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