Kalashnikov

Summary:

• One police officer has been killed in a shooting on the Champs Elysees in Paris
• The shooting suspect, who was armed with a Kalashnikov rifle, has been shot dead
• Reports of more shots fired a new location new the Champs Elysees
• One suspect shot dead
• At least one other suspect thought to be on the loose
• An arrest warrant has been issued for the second suspect who arrived from Belgium by train
• Attack comes three days before presidential election

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Update 9:

Since it first entered service with the Soviet army in 1948, the AK-47 and its derivatives have become the world's most widely used assault rifles.

As Statista's Niall McCarty writes, in his book "AK47: The Story of The People's Gun", author Michael Hodges estimates that there are as many as 200 million Kalashnikov rifles in circulation, one for every 35 people on earth. Its popularity among soldiers, criminals and militants is primarily due to its cheap price, durability, reliability and sheer simplicity.

By Chris at www.CapitalistExploits.at

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.

Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.

Via Patrick Buchanan of Buchanan.org,

The founding fathers of the Munich Security Conference, said John McCain, would be “be alarmed by the turning away from universal values and toward old ties of blood, and race, and sectarianism.”

McCain was followed by Foreign Minister Sergey Lavrov who called for a “post-West world order.” Russia has “immense potential” for that said Lavrov, “we’re open for that inasmuch as the U.S. is open.”

Submitted by Judith Bergmann via The Gatestone Institute,

• In Sweden, comments that object to sexual violence against women in the Quran are prosecuted, but calling homosexuality a "virus" is fine.

• Antisemitism has become so socially acceptable in Sweden that anti-Semites can get away with anything, and no one even notices, as Nima Gholam Ali Pour reports.