All New Victoria's Secret T-Shirt Bra (VIDEO)

Watch, at Theo Spark's, "Victoria’s Secret T-Shirt Bra TV Commercial (August 2015)."

Jorge Ramos Interviewed on 'CBS This Morning'

Following-up from yesterday, "'Go Back to Univision!': Donald Trump Boots Jorge Ramos from Iowa Press Conference (VIDEO)."

And at CBS, "Univision's Jorge Ramos on confrontation with Trump."

Also at CNN, "Univision's Ramos booted from Trump event."

Reporter Alison Parker and Photographer Adam Ward Shot and Killed During Live Broadcast (VIDEO)

Here's the video, "WDBJ Journalist Alison Parker and Photographer Adam Ward Shot Dead During Live TV Broadcast."

More on Facebook and Memeorandum.

And at CNN, "Shooting occurs during live television report: A reporter and cameraman from CNN affiliate WDBJ were killed during a shooting incident that occurred on live television, according to the station," and "WDBJ VP annouces death of journalists."

'Go Back to Univision!': Donald Trump Boots Jorge Ramos from Iowa Press Conference (VIDEO)

Heh.

At Politico, "Univision anchor Jorge Ramos gets tossed out of Donald Trump event."

Victoria's Secret Model Adriana Lima Claims She Was Duped Into Making Turkish Terror Salute (VIDEO)

Watch, at the New York Daily News, "Adriana Lima duped into making Turkish terror group salute."

More at Free Beacon, "Victoria’s Secret Model Salutes Terrorist Group That Tried to Kill Pope John Paul II," and the Jerusalem Post, "Victoria's Secret model gives terror group salute sparking outrage."

Coach Steve Sarkisian Will Enter Treatment After Drunken F-Bombs at Salute to Troy Event (VIDEO)

Here's the background, at Lost Lettermen, "Steve Sarkisian Allegedly Gets Drunk at Event, Makes Ass of Himself."

And at the O.C. Register, "VIDEO: USC football coach Steve Sarkisian says he mixed alcohol with medication, apologizes again for his behavior":

LOS ANGELES - USC coach Steve Sarkisian acknowledged he was intoxicated and again apologized for his recent behavior while meeting with the media Tuesday morning for the first time since an ugly incident at a school event over the weekend.

Sarkisian said his altered state at the annual “Salute to Troy” rally was the result of mixing unspecified medication that he takes with alcohol. He is not facing a suspension and will continue to coach the team, barring further developments.

Sarkisian did say that he will participate in a treatment program. He did not specify what that is but said it will not be full-on rehab. He also said he does not believe he has a drinking problem. Here's a full transcript of Sarkisian's remarks...

Keep reading.

Also at LAT, "Five important questions raised by Steve Sarkisian's news conference."

Here's Michael Walsh's New Book, The Devil's Pleasure Palace

I would've blogged this book sooner, but I haven't started reading it yet.

I'm ordering on Amazon, and the preview matter at the link is freakin awesome!

Here: The Devil's Pleasure Palace: The Cult of Critical Theory and the Subversion of the West.

More blogging tonight.

Andrea Tantaros: Hillary Clinton on the Verge of Political Collapse (VIDEO)

Watch: "From 'Outnumbered', August 17, 2015: Tantaros, Hillary Clinton is on the verge of political collapse."

$30 Pizzas at Lanesplitter Pizza & Pub in Emeryville

How's that minimum wage hike working out for you?

At the Los Angeles Times, "A minimum wage arms race has broken out in the Bay Area":

Nina Gates, 44, and Ira Gibson, 39, are employees of Lanesplitter Pizza & Pub in Emeryville, Calif., whose workers earn $15 to $25 an hour as part of a business model that also did away with gratuities and raised prices, making meals at all five locations “sustainably served … no tips necessary.”

 "Sustainably served," and expensive as hell.

The Fed's Stock-Price Correction

From Martin Feldstein, the George F. Baker Professor of Economics at Harvard, and former Chairman of Council of Economic Advisers during the Reagan administration, at the Wall Street Journal:

The unfolding stock-market collapse—the Dow Jones Industrial Average plummeted more than 1,000 points on Monday morning, rebounding later to nearly 600 points down, following several days of decline last week—is the inevitable result of the Federal Reserve’s policies, namely quantitative easing that produced abnormally low interest rates. The decline on Wall Street has spread to every stock market on the globe, many of which were also weakened by their own policies of excessively easy money.

When the Obama administration’s poorly designed 2009 stimulus legislation failed to produce a strong economic turnaround, then-Fed Chairman Ben Bernanke announced that the central bank would pursue an “unconventional monetary policy” by purchasing immense amounts of long-term bonds and promising to hold short-term interest rates near zero for an extended period.

Mr. Bernanke explained that the Fed’s policy was designed to drive down long-term interest rates, inducing portfolio investors to shift from bonds to stocks. This “portfolio substitution” strategy, as he labeled it, would increase share prices, raising household wealth and therefore consumer spending.

The Fed’s strategy worked, causing household net worth to increase by $10 trillion in 2013. Households responded by spending more, leading to an accelerated rise in gross domestic product and a decline in unemployment.

The increase in share prices took the price-earnings ratio of the S&P index to about 30% above its historic average before the market downturn began last week. An alternative measure of the price-earnings ratio that looks at inflation-adjusted earnings over the past decade was even higher, at more than 50% over its historic average.

With virtually no yield available on government bonds and other low-risk fixed-income securities, investors were tempted to climb on the bandwagon of rising share prices. Some sophisticated investors realized that the rapid increase of share prices was a bubble that would end when interest rates returned to normal. They invested on the mistaken theory that they would know when to pull out.

Though the recent decision to start selling was triggered by a variety of events, including the collapse of oil prices world-wide and financial chaos in China, the high price-earnings ratios were enough to make the downturn inevitable. All that was needed was a spark to start the process, just as the increased defaults of subprime mortgages did in 2007.

The excess price of equities was not the only mispricing caused by the Fed’s unconventional monetary policy. As investors reached for yield in a very low-yield environment, they depressed the spreads between Treasury rates and the yields on high-risk bonds and emerging market debt. The prices of commercial real estate have also been pushed to extremely high levels, driving down yields to unsustainably low levels. Banks and other lenders have boosted their short-term earnings by lending to lower-quality buyers and making loans with fewer conditions.

Much of this mispricing will likely unwind in the months ahead. What isn’t clear is whether the fall of equity prices and other corrections will have adverse systemic effects as they did in 2007-08, bringing down consumer spending and business investment and thereby reversing the recent labor-market improvement. Only time will tell...

Boy, that sure sounds familiar.

But keep reading.

Black Women 'Humiliated' After Getting Thrown Off Napa Wine Train for Laughing Too Loud (VIDEO)

Hey, now this is hilarious!

Throw that black mama from the wine train!

And watch, at CBS News San Francisco, "Racism Alleged In ‘Humiliating’ Ejection of Book Club Members From Napa Wine Train."

Also at the San Francisco Chronicle, via Memeorandum, "Black women ‘humiliated’ after getting kicked off Napa Valley Wine Train."

Sorry not sorry, but these big black bitches can be freakin' obnoxious as hell. I'm not surprised they got booted. Not at all.

And see Lisa Renee Johnson's Facebook thread, "Facebook Family, we have a problem!"

Young Albino Amputees from Tanzania

Well, certainly not something you see everyday.

At WSJ, "New Start in New York City for Hunted Albino Children."

Photos chronicle a summer stay in New York for a group of young albino amputees from Tanzania: http://t.co/QG4zDLm77T pic.twitter.com/ZRni3H4Hev

— Chelsea Matiash (@cmatiash) August 24, 2015

Conservatives Need to 'Get Activist'

This is interesting, from Neo-Neocon, at Legal Insurrection, "Problem: Passive Right, Activist Left."

However, I don't know if conservatives are truly "passive." Are they right-wing Alinskyites? Not sure, but the tea party movement wasn't bean bag.

Investors Seek Answers Amid Stock Market Rout

You think?

Maybe they needed some faster circuit breakers, or something.

At the Wall Street Journal, "Investors Grasp for Answers Amid Wild Stock Rout":

Concerns about China’s economy intensified, accelerating the selloff across global markets as investors tried to assess whether the rout was just a short-term pullback or a signal of deeper trouble.

The market misery marched from China though Europe to the U.S., where the Dow Jones Industrial Average fell 1,089 points Monday morning—the worst intraday drop in its history—then popped back up like a cork and fell again in a jagged line to finish 588.40 points down, extending a slide that has left the blue-chip index off 11% this year.

European and Asian shares suffered even deeper declines, with the Shanghai Composite Index tumbling 8.5%, entering negative territory for 2015, having risen as much as 60% at its peak in June.

“Meltdown was the only word that can be used to describe price action in equities,” said ANZ Bank Senior Economist Mark Smith.

Asian stocks continued to be volatile early Tuesday in China, though markets elsewhere in the region showed signs of tempering. China’s Shanghai Composite opened 6.4% lower.

On Monday, oil slid below $39 a barrel in New York, and emerging-market currencies like Turkey’s lira and Russia’s ruble fell against the dollar.

The euro and U.S. Treasurys were notable exceptions, gaining in value as investors sought out safer havens for their money.

Richard Madigan, chief investment officer of J.P. Morgan Chase & Co.’s private bank, called an emergency investment committee meeting following the morning drop in U.S. stocks. The executives spent more than an hour discussing what they were seeing and what had changed.

“Some of this is knowing what you don’t know,” Mr. Madigan said. “And not trying to overthink what we’re seeing but just try to understand what is real, fundamental and deserved…what may create opportunities.”

The severity of the selloff in stocks—shares of J.P. Morgan were down more than 20% at one point early Monday—confounded some observers, because the U.S. economy is showing few of the red flags that preceded major market downturns in the past. The economy continues to expand, corporate earnings outside the energy sector are staying aloft, and credit remains widely available at historically low interest rates even for some junk-rated companies.

Still, the risk is that the market turmoil could spill over into the U.S. economy if the selloff persists. The wide-ranging declines are already raising concerns for officials around the world, notably the Federal Reserve, where officials are debating whether to raise interest rates this year. Beyond that, the rise in the euro and turbulence in emerging markets are threatening the already shaky growth in Europe’s export-driven economies.

Meanwhile, China is pursuing new measures to boost lending and economic growth. The sharp drop in the Shanghai Composite, its worst single-day percentage decline in more than eight years, rippled across Asia, with Japan’s Nikkei Stock Average dropping 4.6% and Australia’s S&P/ASX 200 index falling 4.1%...

More.

'Freshman Daughter Drop Off' — Old Dominion University's Sigma Nu Frat Suspended During Probe Into Sexually Suggestive Signs

Hmm... And the frat boys didn't think they'd get suspended?

At NBC News, "Crass, sexually suggestive banners "welcoming" freshman women to a Virginia college last week have sparked outrage and led to the suspension of at least one of the school's fraternities."

Plus, at WTKR News 3 Hampton Roads, Virginia, "Sigma Nu Fraternity suspends ODU chapter after display of offensive banners."

Hat Tip: Memeorandum, "Banners hung at home near ODU prompt response from University President: 'I am outraged about the offensive message...'"

Sara Sampaio on Becoming a Victoria’s Secret Angel (VIDEO)

Watch: "Portuguese supermodel Sara Sampaio talks about how she was discovered, auditioning for the Victoria’s Secret Fashion Show and her journey to becoming an Angel."

Hey, summer's winding down. It's never too late to prepare for that smokin' fashion show, heh.

IndyCar Driver Justin Wilson Has Died

Man, you just never know.

At the Washington Post, "IndyCar driver Justin Wilson dies from head injury suffered in race."

And watch from yesterday, at AP, "IndyCar Driver Justin Wilson in Coma After Wreck":

British IndyCar driver Justin Wilson remains in a coma and in critical condition after a piece of debris that broke off another car hit him in the head at Pocono Raceway yesterday.

GOP Establishment Plotting Against Donald Trump, Working to Force Him Off Primary Ballots (VIDEO)

I thought Republicans are supposed to about rugged individualism and equal opportunity for everyone.

Well, not Donald Trump, it turns out. They don't like him and are looking to devious ways to drive him off the ballot.

Pretty reprehensible, not to mention cowardly.

At Politico, "State GOP leaders plot to tie Donald Trump’s hands":

Amid mounting concerns about Donald Trump’s candidacy from the GOP establishment, Republican leaders in at least two states have found a way to make life a lot harder for him.

The Virginia and North Carolina parties are in discussions about implementing a new requirement for candidates to qualify for their primary ballots: that they pledge to support the Republican presidential nominee — and not run as a third-party candidate — in the general election.

The procedural moves are clearly aimed at Trump, who pointedly refused to rule out a third-party run during the first GOP debate.

They come amid Republican fears that the real estate mogul is gaining strength in the primary contest, and that his jeremiads against undocumented immigrants will alienate Hispanic voters. Despite coming under a hail of criticism in recent weeks, Trump has held steady atop state and national polls.

John Whitbeck, chairman of the Republican Party of Virginia, said the proposal was among many that the organization was considering as it sketches out its ballot access requirements for the 2016 GOP primary. The ultimate decision, he said, would be made by the 84 members who comprise the state party’s central committee, which is slated to meet on Sept. 19. The requirements must be submitted to the Republican National Committee by Oct. 1.

If implemented, Whitbeck said, the provision would be similar to ones the party adopted for statewide races held in 2013 and 2014.

“It happens to be one of the things that we are discussing for the 2016 primary,” said Whitbeck, who expressed confidence that Trump would eventually commit to supporting the GOP nominee.

The Virginia proposal has earned the support of Ken Cuccinelli, the state’s former attorney general and 2013 gubernatorial nominee, who has been promoting the idea to members of the state party central committee. He has also been in touch with Whitbeck.
“Anybody who wants to seek the Republican nomination should have to commit to supporting the ultimate Republican nominee,” Cuccinelli said in a Monday interview. “I don’t see anything wrong with that.”

In North Carolina, Republican Party officials are considering a similar move, and are already in talks with lawyers about how best to implement it.

The topic recently came up during a meeting of state party staffers and is expected to be discussed more extensively on conference calls during the coming weeks. One state party official said a lawyer would soon be drafting language for a provision asking each candidate to support the nominee...

I mean really?

This has gotta be one of the dumbest things I've ever heard. So, state GOP leaders are going to "plot" against the Republican frontrunner, with the most recent polling showing Trump up at 32 percent? These idiots cannot be serious. *SMH*

Still more.

Plus, "GOP insiders to Trump: Enough already."

Elderly Russian Man and Former Boxer Knocks Out Two Drunken Thugs Who Tried to Rob Him (VIDEO)

This is great!

Watch: "Russian thugs pick the wrong old man to try to rob he's a boxer."

Dow Dives 588 Points to 18-Month Low Amid Global Market Selloff

Following-up from earlier today, "Dow Falls 1000 Points on Opening Bell."

At the Wall Street Journal, "Dow Industrials Tumble 588 Points to 18-Month Low Amid Global Market Selloff":

U.S. stocks tumbled on Monday, with the Dow Jones Industrial Average dropping to an 18-month closing low in a tumultuous trading session that saw the blue-chip benchmark briefly plummet more than 1,000 points.

The Dow plunged as much as 1,089 points in the first six minutes of trading before paring losses as traders said mutual funds and other investors began stepping in to buy up beaten down stocks. More than 13.9 billion shares changed hands, making Monday the largest volume day since August 2011.

The Dow industrials ended down 588.40 points, or 3.6%, to 15871.35, its lowest closing level in 18 months.

The S&P 500 dropped 77.68 points, or 3.9%, to 1893.21, joining the Dow industrials in correction territory, defined as a decline of 10% from a recent peak. The Nasdaq Composite fell 179.79 points, or 3.8%, to 4526.25.

Traders attributed the early morning drop in part to big investors scrambling for ways to protect themselves against losses outside the U.S., as well as to a cascade of automatic selling by retail investors. Traders said the sharp morning declines triggered so-called stop-loss orders, which are designed to protect investors by instigating a sale once a stock falls to a certain level. They are typically used by brokers who manage money for retail investors.

The Dow’s tumble marked its largest one-day point decline ever on an intraday basis, as intensifying growth fears sparked steep stock-market losses world-wide. Large retail brokerages hosted calls with their legions of financial advisers, encouraging them to stay calm and possibly buy beaten down companies. Mutual funds and hedge funds also began scooping up stocks, traders said.

“When a big selloff comes, it tends to be herd mentality,” said Ryan Larson, head of U.S. equity trading for RBC Global Asset Management. “But once that herd gets out of the way, there can be some very good buying opportunities.”

Many investors said they remain optimistic about U.S. stocks and stepped in to buy shares.

“Stock prices have dropped sharply and fears have increased sharply,” said Kate Warne, investment strategist at Edward Jones. “But it’s really important to keep in mind while stock prices have changed and obviously emotions have changed, fundamentals for the U.S. haven’t changed. Even with China selling sharply and emerging markets selling off, we’re still seeing solid U.S. economic growth.”

Investors stampeded into relatively safe assets such as U.S. government bonds, the Swiss franc and the yen. The 10-year Treasury yield, a foundation for global finance and a key indicator of investors’ sentiment toward growth and inflation, was 1.997%, down from 2.052% Friday. Yields fall as prices rise.

Fears that China’s economy is slowing dramatically sparked the heavy selling in stocks around the globe in recent days. Beijing’s unexpected move to devalue its currency two weeks ago raised the alarm that the world’s second-largest economy may be in worse shape than many had thought. Since then, weak economic data have fueled worries that a drop-off in Chinese growth could cause a global slowdown...

Still more.