Thursday Morning News Roundup 6-12-2014

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Here is a collection of some of the stories making the Internet rounds this morning. Click the links for the full stories.

  • Fighters for the al Qaeda-linked Islamic State of Iraq and Syria (ISIS) took Mosul Wednesday, giving the militant group control of Iraq’s second largest city and setting the country on a path toward chaos. ISIS militants already control Fallujah, a city that American Marines took in 2004 in what was the bloodiest battle of the Iraq War. Now, with both Mosul and Fallujah under their control, nearly half of Iraq is in the grips of a group that is a formal affiliate of a terrorist group. Source: The Fiscal Times…
  • Iraqi forces sought to check the rapid advance of ISIS Islamist militants who had seized major cities, as Prime Minister Nouri al-Maliki responded to the greatest threat to his government since taking power. The surge in violence across northern and central Iraq, three years after U.S. troops withdrew, has raised the prospect of a return to sectarian civil war in OPEC’s second-biggest oil producer. Source: Bloomberg…
  • During the same Internet Q&A in which he said gun violence in the United States is “off the charts,” President Barack Obama also said the rest of the world is “less violent than it’s ever been.” Source: Real Clear Politics…
  • Vice President Joe Biden has insulted Germany, the EU’s biggest economy and America’s most important ally in Europe, with a gratuitous and ignorant accusation that the German people are hostile towards immigrants and “xenophobic.” Offering no evidence, Biden told an audience in Washington to “Look at Germany. Look at the rest of the world.” He put Germany among the countries that were not “as welcoming” to outsiders. America is “the only non-xenophobic nation in the world that’s a major economy.” Source: Breitbart… 
  • The White House is adopting enhanced security procedures during foreign trips after the name of a CIA official was accidentally leaked to the press during President Barack Obama’s visit to Afghanistan late last month. However, no one was disciplined or fired as a result of the leak. Source: Business Insider…
  • With the $500 million purchase of Skybox, a startup that shoots high-res photos and video with low-cost satellites, Google can extend its reach far across the offline world. Thanks to its knack for transforming mass quantities of unstructured data into revenue-generating insights, the unprecedented stream of aerial imagery to which the company is gaining access could spark a whole new category of high-altitude insights into the workings of economies, nations, and nature itself. One Skybox insider says that satellite images alone could be used to estimate any country’s major economic indicators. Source: Wired…
  • California Governor Jerry Brown, running for an unprecedented fourth term, says that if he can curb his fellow Democrats’ spending dreams, the most-indebted State may win its highest credit rating in five years. Brown wants to finance unfunded pension costs and pay off what he calls a “wall of debt” that former governors racked up in balancing prior budgets. The tax increases that Brown championed have stoked investor interest in California tax-exempt debt. Source: Bloomberg…

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