News 

WATCH: Marine Corps releases footage of mass arrest of Marines charged with human smuggling

“The Marine Corps a video showing 15 Marines being arrested in connection to a human smuggling ring at Camp Pendleton in California” reports washingtonexaminer.com. Thirteen were charged with human smuggling and conspiracy while eight others were brought in for further questioning.In July, several members of the 1st Marine Division were arrested for participating in drug and human smuggling rings.The Marine Corps released a statement explaining that 15 had been arrested for their “alleged involvement in various illegal activities ranging from human smuggling to drug-related offenses.” The smuggling rings were exposed…

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SoftBank says WeWork Japan can become profitable ‘in near future’

“WeWork Japan, a joint venture between the U.S. startup, telco SoftBank Corp and its parent SoftBank Group Corp , is growing well with high occupancy rates, SoftBank Corp’s CEO Ken Miyauchi said” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – WeWork’s Japan unit can become profitable “in the near future”, the Japanese partner of the U.S. office-space sharing startup said on Tuesday, amid investor scepticism over its path to profitability. Source: 95kqds.com

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News Oil 

Rogue derivatives trader at Mitsubishi Corp’s PDS subsidiary causes $320m loss

“The loss stems from the trades of an employee who was hired locally by PDS to handle its crude oil trade with China” reports financefeeds.com. Because the employee was manipulating data in PDS’s risk-management system, the derivatives transactions appeared to be associated with actual transactions with PDS’s customers.Petro-Diamond Singapore (Pte) Ltd., which engages in the trade of crude oil and petroleum products, has confirmed that it expects to book a loss of approximately USD 320 million from its trade of crude oil derivatives.Since July, the price of crude oil has…

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Markets News 

News Corp’s Australian arm calls for Google breakup

“In its submission to the same inquiry into the Australian online advertising market, Google said it was a “mistaken premise” to suggest it had “market power in search, search advertising, and news media referrals”” writes Midwest Communications Inc for 95kqds.com. Calling Google’s behavior “anti-competitive”, News Corp accused the Mountain View, California-based internet company of damaging publishers’ ability to generate revenue and ultimately the sustainability of the news industry. Source: 95kqds.com

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John Kelly said he would have served Hillary Clinton if she had been elected president and asked for his help

“Kelly, a four-star Marine Corps general, came out of retirement at Trump’s request to serve as secretary of the Department of Homeland Security” writes David Choi for businessinsider.com. Former White House chief of staff John Kelly said he would have served former secretary of state Hillary Clinton if she had been elected president in 2016 and had requested his service. Source: businessinsider.com

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Kim Jong Un checks into hotel — and the press is ushered out

“Not long before Kim arrived, a notice was distributed to the press corps that the filing center would be moved to a separate filing center for the international press corps at the Cultural Friendship Palace” writes John Hudson for washingtonpost.com. Kim was staying at the Melia hotel tower in the heart of the city, but the hotel also happened to have been booked by the White House as the filing center for the traveling press corps to cover the summit. Source: washingtonpost.com

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GOP lawmakers push to allow guns on US Army Corps of Engineers sites

“Army Corps sites are among the few federally-controlled lands where gun-carrying isn’t allowed” reports washingtonexaminer.com. The Army Corps, which controls 12 million acres of land around lakes and rivers, banned carrying loaded guns on its lands in the early 1970s.A Nixon-era prohibition of guns on federal property controlled by the U.S. Army Corps of Engineers would be lifted under a proposal offered by a group of House Republicans.Gibbs and House Republican co-sponsors contend the areas shouldn’t be treated differently than other federal lands where guns are permitted for recreational purposes. Source:…

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The Trump-Centric Case for Jim Webb as Defense Secretary

“Last night I mentioned the latest Trump-appointment rumor: that the successor at the Pentagon to James Mattis, Marine Corps combat veteran and retired four-star general, might be James Webb, Marine Corps combat veteran and, among other distinctions, a former secretary of the Navy in a Republican administration and U.S. senator as a Democrat” writes James Fallows for theatlantic.com. First, from a reader who was a constituent when Webb was senator from Virginia, and who has long experience in foreign-affairs branches of the U.S. government. Source: theatlantic.com

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Deadly crash between 2 US Marine Corps aircraft is raising concerns about the service’s shockingly high fatality rates

“WLBT-TV via AP On July 10, 2017, a Marine Corps KC-130T tanker aircraft crashed in Mississippi, killing 15 Marines and a sailor” writes Christopher Woody for businessinsider.com. Marine Corps aircraft are also frequently carrying troops, which can make fewer accidents more deadly.The Marine Corps has fewer aircraft than the Navy, so a few accidents can boost the accident rate considerably. Source: businessinsider.com

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News 

Five US Marines missing after aircraft crash into sea off Japan

“Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong” writes unknown author for cnbc.com. The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast.The Marine Corps did not elaborate on the nature of the incident. Source: cnbc.com

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