Iran says it responded to several letters by Obama

TEHRAN, Iran — A top security official in Iran said Wednesday the Islamic Republic has written back in response to letters sent by US President Barack Obama, the first acknowledgement of such correspondence. However, it’s not clear whether Supreme Leader Ayatollah Ali Khamenei wrote the letters himself.

The letter writing is part of a recent thaw in relations between the two countries since the 1979 Islamic Revolution that toppled the US-backed shah and the storming of the US Embassy in Tehran, where 52 Americans were held hostage for more than a year. It also comes as a US-led coalition battles the Islamic State terror group in neighboring Iraq and as Iran and world powers negotiate a permanent deal regarding the country’s contested nuclear program.

“This is not the first time that such a thing has taken place,” said Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, during an appearance on state television Wednesday night. “It had previously taken place and necessary response was given to some of them.” Continue reading

Kalashnikov, AK-47 designer, wrote penitent letter

‘The pain in my soul is unbearable,’ Kalashnikov wrote several months before death

Mikhail Kalashnikov, the designer of the AK-47 assault rifle, reportedly wrote a regretful letter several months before his death asking the head of the Russian Orthodox Church if he was to blame for the deaths of those killed by the guns.

The Russian daily Izvestia reported Monday that Kalashnikov, who died last month at 94, wrote to Patriarch Kirill in April and told him he kept asking himself if he’s responsible. Continue reading

REPORT: UBS Is Going To Send A Letter That Could Scare The Heck Out Of Clients Invested In Bonds

In order to avoid financial loss for the clients as well as the business, UBS is now classifying what were once medium-risk investors into high-risk investors. It also doubles as a warning which possibly indicates anticipation of a looming catastrophe.

It really looks like the investment industry is trying to get investors to participate in this “great rotation” from bonds to equities.

According to Charlie Gasparino (via Josh Brown) some clients of UBS are about to get a shocking letter in the mail. Continue reading