Nine Dead In Charleston Church Shooting, Gunman Still At Large

Nine people are dead after a gunman went on a deadly shooting spree at a church in Charleston, South Carolina.

The gunman — a white male — opened fire during a prayer meeting at the historically black Emanuel AME Church Wednesday evening. One of the victims was church pastor Rev. Clementa Pinckney, who also served as a state senator. Pinckney helped pass a bill in April mandating that police officers wear body cameras. The bill passed following the death of an unarmed black male, Walter Scott, by a white police office in neighboring North Charleston.

Authorities have described the massacre as a hate crime.

A tenth victim has been hospitalized.

The gunman is still at large as of Thursday morning. The FBI has joined the Charleston Police Department in the investigation.

This story is developing…

[Image via AP Images.]

6/17 CBS2 Thursday Morning Weather Headlines

By Victoria Cavaliere
CBS2 Weather Intern

Good morning all,

This morning be sure to pack your umbrella, as rain — heavy at times — will dominant your morning commute. Today, we’re looking at a high of only 72° with showers lingering into the afternoon, particularly south and inland.

Tonight, the chance for showers remains, especially after 11 p.m. Friday, temperatures warm up with a high of 83° and some wet weather possible early but clearing out in time for your afternoon and evening plans.

(Credit: CBS2)

(Credit: CBS2)

Saturday looks like the better pick of the weekend although temperatures only approach 80° with partly cloudy skies.

(Credit: CBS2)

(Credit: CBS2)

That’s all I have for now. Be sure to check back later for more weather updates!

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Disrupted public finances: Osborne’s plan ignores technology

Last week, Chancellor George Osborne made the headlines with his Mansion House speech announcing plans to make it illegal for the UK to post a budget deficit during normal times.

Assuming there is no recession, Mr Osborne envisages a scenario in which public spending is funded by tax receipts. Common sense might suggest the plan adds up, but common sense overlooks technology.

The Osborne plan is built on the premise that public spending is either funded by tax receipts or borrowing. There is a third way. It is massively controversial, some say dangerous, but view it in the context of technology, and indeed demographics, and it may make total sense. The Osborne plan seems ignorant of this.

We are on the verge of a new technological revolution – at least that is one of the claims made in the book iDisrupted by John Straw and Michael Baxter. This new revolution is occurring at a time when across much of the world the population is expected to decrease. Technology can solve some of the biggest challenges of the 21st century, and create wealth. There is a very real danger we will mess up, however, and convert extraordinary opportunity to abject disaster.

Examples of how technology can transform the world and create wealth, include the Internet of Things transforming both industry and agriculture. Armed with sensors measuring the health of crops, or assessing where bottlenecks occur in the production process, the Internet of Things has the potential to enable us to generate more food, to mine more raw materials, and manufacture more goods worldwide for less cost.

Robotics creates the possibility of producing more goods and services for less labour input. New technologies offer the potential to reduce greatly the cost of energy, and advances in nanotechnology, stem cell research and genetics offer the potential to transform the way in which we grow our food. They may even enable us to grow our meat, avoiding the inefficacy of feeding animals. Smart cities will promote greater efficiency, and vertical farms will enable us to make greater use of our land.

In addition, we have the emergence of the sharing economy – iDisrupted predicts that within the next decade or two, the sharing economy will converge with self-driving cars. Few of us will own cars, and we will require fewer cars to meet demand.

Demographic projections suggest that the populations of Russia, Germany and Japan are on the verge of declining – or already are. Expectations are for China’s population to decline by the end of the decade after next. Populations age before they decline. The challenge of meeting the needs of a growing retired population from a dwindling working population will perhaps be the single biggest challenge of the next few decades. Technology can solve the challenge by enabling us to produce more from less input.

On the other hand, technology also threatens to have a devastating effect on jobs. Recent history also seems to indicate it can create distortions in the way wealth is distributed. This creates an even bigger gap between the few people who own capital and those skilled enough to master technology, and everybody else.

The combination of new technologies and an ageing population is a potential recipe for decades of deflation, unemployment and massive inequality at a time when technology should be producing abundance for all.

The fix can lie with the government spending more than tax receipts, and funding the deficits via central banks and the creation of money. This could take the form of permanent quantitative easing, in which the profits enjoyed by the central banks are paid as dividends to respective governments. The idea is not new. The Chicago Plan proposed a similar concept in the wake of the 1930s depression. In 2012, a paper from the IMF entitled The Chicago Plan Revisited updated the idea. In these plans, the ability to create money is stripped from banks, which are only allowed to match borrowing with capital. Instead, the central banks control the money supply.

We are entering unique times. The combination of technological advances and ageing across much of the world has no precedent. This time it is as different as it can be. However, if the result of technology is job losses, extreme inequality and poverty, we will have failed. Governments can address the rising gap between potential and reality via the creation of tax credits, funding education and training, and subsidising the ownership of capital among the populace at large, in the form of massive tax incentives at the lower end of the income scale to invest in pensions. It cannot fund such spending by taxation; basic economics will make this impossible. Only the creation of money can fund it.

It appears George Osborne’s proposed law will make it impossible to respond to the great challenges of the 21st century.

For More Information Please Contact:

Chanelle McGarry
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cover challenge ntna top24

cover challenge ntna top24

this is a close up my of nails next top nail artist “cover challenge” I made it through this round and am now in the top 18. I will be posting photos of my next challenge next Wednesday! stay tuned! I am truly blessed to have made it this far. thank you nails magazine and cnd for giving me this opportunity to show the world my talent!

Follow @bestofnailart on Twitter

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Real Madrid Transfer News: Latest Mauro Icardi and Raphael Varane Rumours

Real Madrid boss Rafa Benitez has told Florentino Perez he wishes to sign Inter Milan striker Mauro Icardi, according to Italian website Sport Mediaset (h/t AS).

The new boss is hoping to “increase” Karim Benzema’s competition in the squad and will look to Icardi “if the club finally decides not to exercise their option on Chicharito Hernandez,” per the aforementioned report.

Icardi netted 22 goals to finish joint top-scorer in the 2014-15 Serie A season, joined by Verona‘s evergreen Luca Toni. The Argentinian also provided seven assists in 36 appearances and remained creative despite Inter’s continued struggles, per WhoScored.com.

It would be a major challenge for him to maintain a starting spot at the Bernabeu, though. This is particularly true if Benzema remains at the club, because neither are likely to accept a rotational role. AS (h/t Adam Shergold of the Daily Mail) recently reported that Benitez will hand Cristiano Ronaldo a lone No. 9 role, an obstacle that will render other strikers nothing more than back-up.

Icardi would likely be utilised in the same manner as Javier Hernandez, who managed just seven La Liga starts during the recently concluded season.

This wouldn’t help the 22-year-old’s development—Icardi needs to be given responsibility to hone his talent—nor would it greatly improve Madrid’s chances of success. There’s little point spending big on Icardi if he’s to fulfill the Alvaro Morata role—remaining a peripheral figure until he heads back to Italy to find success.

Icardi also recently signed a new four-year contract, tweeted by Inter:

His valuation will be at its absolute highest with this in mind. Although Benitez will understandably want to make an impact on the Los Blancos squad, spending heavily on a striker who is improving—yet nowhere near the complete package—makes little sense. The Real Madrid manager’s attacking options are vast and other areas must be balanced first.

Marca‘s J.L. Calderon believes Manchester United are waiting with “open arms” for defender Raphael Varane. It is suggested the Red Devils asked about the Frenchman’s availability during negotiations for United stopper David De Gea, but that Madrid made it clear “there is absolutely no way” Varane will leave.

The 22-year-old defender could be given greater opportunities to impress under Benitez. He has remained reliable cover for Sergio Ramos and Pepe, but he needs greater playing time to develop into one of the world’s best.

B/R UK’s Ryan Bailey and Jonathan Johnson recently discussed plenty of questions that Benitez will face in his first transfer window with the club:

Varane is immensely talented, an excellent reader of the ball and quality in possession. He could make United fans very happy, even though the likelihood is that he remains in Madrid until his time to shine finally arrives.

Benitez is expected to take a pragmatic approach to getting Madrid on track. It would be a huge call to sell Varane, particularly after the centre-back’s terrific stand-in performances over the years.

Yet, the Spanish manager must make sure everyone within his squad is contributing and genuinely adding to Madrid’s quality. It’s questionable whether Icardi would be able to achieve that just yet.

Greek crisis: Eurozone finance ministers hold last-ditch talks to avoid ‘catastrophe’ – live updates

Can Eurogroup meeting yield a breakthrough to ward off the danger of a Greek default?

Good morning.

Finance ministers from across the eurozone are heading to Luxembourg today to discuss Greece, which has less than a fortnight to reach a deal with creditors before its bailout expires.

Today’s @guardian on #Greece: "can’t pay, won’t pay", and the striking numbers on unemployment, cuts pic.twitter.com/eDXt3SQ98S

“This is the 11th hour.”

“The only sensible proposals on the table at the moment are those that we have tabled. The other side have not come to the party,”

#grexit merkel delivers govt statement to bundestag thur morn on next week’s eu summit. she always does that on summit day, not a week early

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Letting The Freedom Of Truth Uncover The Value Of Life

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