Major U.S. city next target for Islamic terror

ISIS militants not planning to stop in Iraq

WASHINGTON – Beyond Iraq, what is the intent of the Islamic State of Iraq and Syria?

There appears to be short- and long-term goals, with a hint of those intentions in the name ISIS has chosen for itself.

Its real name is the Islamic State of Iraq and the Sham, meaning Greater Syria.

ISIS, morphing from the Islamic State of Iraq before it was excommunicated from al-Qaida central in Pakistan last year for its extreme Wahhabi brutality, appears to have intentions of re-creating Greater Syria into an Islamic caliphate, subject to strict Shariah law. Continue reading

Jim O’Neill: Global income redistribution could be coming

With discussion of income inequality reaching a fever pitchfrom New York City Mayor Bill de Blasio’s “tale of two cities” message to the headline-grabbing sermons of Pope Francisformer Goldman Sachs asset management chairman Jim O’Neill believes the global economy could be at a tipping point.

“I wonder if we could be in the very early stages of a redistribution of wealth from capital back to mass income through government policies, whether it be from taxes or things being done to boost minimum wages,” O’Neill told CNBC’s “Squawk on the Street” on Wednesday. “But obviously this is something else just as human beings, nevermind investors, that we all have to watch closely.” Continue reading