KTTH Morning Update – June 19, 2014

By Neal McNamara | June 19, 2014
Mideast Iraq

In this June 17 image taken from video uploaded to a militant social media account, al-Qaida-inspired Islamic State of Iraq and the Levant militants arrive to the country’s largest oil refinery in Beiji north of the capital, Baghdad (AP). 

Militants Taking Beiji Refinery: The ISIL Jihadists in Iraq were fighting for control of the country’s largest oil refinery in Beiji on Thursday, and are reportedly largely in control of the facility. The Beiji facility produces 25 percent of Iraq’s oil, around 300,000 barrels per day. Iraqi security forces are fighting back, having killed approximately 100 militants since Tuesday.

Gas Prices Spike: The turmoil in Iraq is causing gas prices to increase. One reason is certainly a cut in world oil supply because of the siege at Beiji. But Wall Street investors who bet on the future of oil prices are also helping to drive up prices by betting that prices … will go up because of the conflict.

Lerner Computer Recycled: After reporting last Friday that her emails were missing, the IRS is telling Congressional Republicans that Lois Lerner’s actual computer hard drive was recycled. The Republicans are investigating Lerner for her role in a scandal where the IRS targeted tea party political groups for special investigation.

Redskins Name Appeal: The Washington Redskins will appeal a Tuesday ruling by the U.S. Patent and Trademark office that six of the team’s trademarks are too offensive to exist. The Tuesday ruling will not go into effect until the appeals process is complete. Find out the one reason why the Washington Redskins name is not offensive.

Innovations Drive Amazon Phone: Amazon CEO Jeff Bezos unveiled the company’s phone in Seattle on Tuesday. The phone has two key features to set it apart from Apple, Windows, and Android phones: a system of sensors that can recognize media like book covers or songs; and another sensor system that allows users to navigate the internet by tilting the device.

Dallas Officials Approve Reparations: The Dallas County Commissioners recently approved a resolution to celebrate Juneteenth, a holiday celebrated by American blacks commemorating the end of the slavery. But the commissioners may not have read the resolution fully, as it also said that blacks should, be “satisfied with monetary and substantial reparations.”

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