- Ukraine Talks Stall as Russia Sees Only Progress on Aid. Russia’s foreign minister said talks on the conflict in Ukraine haven’t produced a resolution, with progress made only on humanitarian aid deliveries. The crisis, in which government troops have been battling pro-Russian separatists for months in the nation’s easternmost regions, can only be stemmed once Ukraine calls off its army as part of an unconditional cease-fire, Sergei Lavrov told reporters today in Berlin after meeting with his Ukrainian, German and French counterparts. He said he expects truckloads of Russian aid for the Luhansk region to be delivered soon. “As long as they’re betting on a military solution, and as long as the authorities in Kiev are using military victories over their own people to shore up their position in Kiev, I don’t think there’s any point to what we’re trying to do now,” Lavrov said.
- Kurdish Forces Oust Militants From Dam With U.S. Airstrikes. Kurdish and Iraqi forces seized control of Iraq’s largest dam from Islamic State militants as the U.S. deployed air power that helped reverse some gains made by the Sunni-Muslim insurgents in the north. Kurdish forces, known as the peshmerga, and government anti-terrorism units “with joint air support, have taken over the Mosul Dam entirely,” Iraqi military spokesman Qassim Ata said on state-sponsored Iraqiya television. Their progress has been slowed by militants wearing suicide vasts, booby-trapped buildings and roadside bombs, Abo Maan Al-Taie, a spokesman for Sunni tribes supporting the insurgents, said by phone.
- Bundesbank Casts Doubt on German Economic Rebound in Second Half. The Bundesbank said geopolitical tensions may impede a rebound of the German economy, Europe’s largest, after it contracted in the second quarter. “The economic outlook for the German economy has clouded over in the middle of the year in response to unfavorable international news,” the Frankfurt-based central bank said in its monthly report for August published today. “Expectations for a strengthening of economic momentum in the second half of 2014 underlying the spring projections are called into question by current data.”
- European Stocks Rise as Ukraine Concern Eases; Renault Up. European stocks advanced, after equities had their biggest weekly gain in more than a month, as Ukrainian and Russian officials met for talks. United Internet AG added 3.8 percent after saying it bought a 10.7 percent stake in Rocket Internet AG. Renault SA advanced 2.5 percent, helping a gauge of automakers post the biggest gain among 19 industry groups in the Stoxx Europe 600 Index. Aker Solutions ASA dropped 1.6 percent. The Stoxx 600 rallied 1.2 percent, the most in a week, to 333.6 at the close of trading in London, after advancing 1.5 percent last week.
- Why the Islamic State Represents a Dangerous Turn in the Terror Threat. The Danger Extends to America's Friends and Foes Alike Across the Middle East and Even Europe.
You can mark it down: The summer of 2014 is the time when the terrorism threat morphed into something new, more ambitious and more dangerous. This threat represents a long-term danger to the U.S., but a more immediate threat to America's friends and foes alike across the Middle East and even Europe. It imperils Iraq, of course, but also Saudi Arabia, Israel, Turkey, Egypt, Russia and Iran.
- Wary Ferguson Awaits National Guard. Missouri Governor Calls in National Guard After Another Night of Clashes in St. Louis Suburb. Missouri Gov. Jay Nixon lifted the nighttime curfew here, hours after the worst violence from protests over the shooting death by police of an unarmed 18-year-old. The curfew was in effect between midnight and 5 a.m. on Sunday and Monday following looting and other vandalism on Friday night. But the past two nights saw violent clashes between protesters and police in the hours just before the curfew took effect.
- Fed Economists Criticize SEC Money-Fund Restrictions. Federal policy makers are warning a central plank in the Securities and Exchange Commission’s plan to rein in risks posed by the $2.6 trillion money-market mutual-fund industry will inadvertently encourage investor stampedes rather than quell them.
- Chinese hackers stole info on 4.5 million U.S. hospital patients. If you've been to a hospital in a small town or anywhere in the southeastern portion of the United States in the last few years, it's worth keeping an eye on your personal information.
- Is The Correction Over? (graph)
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Reuters:
- Yazidis haunted by cries for help as militants bury victims alive. Refugee Samo Ilyas Ali has nine children to feed but he can't focus on the future because the sounds of women and children crying out for help while being buried alive by Islamic State militants in northern Iraq often consume his mind. Tens of thousand of Yazidis fled their ancient homeland of Sinjar and other villages to escape a dramatic push by the Sunni militants who regard the ethnic minority as devil worshippers who must embrace their radical version of Islam or die.The refugees sit idle in camps in the semi-autonomous Kurdish region in northern Iraq. Suddenly the men began digging ditches - soon to become mass graves. "We did not understand. Then they started to put people in those holes, those people were alive," said former grocery shop owner Ali, 46, pausing to weep. "After a while we heard gunfire. I can't forget that scene. Women, children, crying for help. We had to run for our lives, there was nothing to be done for them."
- Xi Says China to Set Up Media Groups With Big Influence. China to set up a few media groups with high credibility and influence, President Xi Jinping said at meeting of leading group for deepening reform. Meeting approved guidelines to promote integrated development of traditional media and new media.
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