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The billion-dollar boondoggle behind the runaway blimp

+ The 6,000-foot-long multibillion-dollar surveillance blimp that broke loose on Wednesday afternoon and came down in pieces over Pennsylvania represents the last gasp of one of the Pentagon’s more bizarre boondoggles, reports the Intercept. It was one of only two airships in the 18-year, $2.7-billion-dollar Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System, which was once supposed to include 36 blimps to protect the country from cruise missiles.

+ Deutsche Bank is close to settling a regulatory probe into alleged violations of U.S. sanctions laws against Iran and other rogue nations, probably paying about $200 million, reports Bloomberg News.

+ That shocking video of a black high-school student in South Carolina being tossed out of her desk, dragged across the floor and handcuffed is not an isolated case. Across the country, in less-publicized incidents, “thousands of students are also getting arrested, ticketed, interrogated and searched by police officers, often in connection with minor indiscretions or allegations they were disruptive,” reports the Center for Public Integrity. Just yesterday, an Oklahoma City police officer was criminally charged after video emerged of him punching a student in the face.

+ Many of the biggest donors to Republican presidential candidate John Kasich’s super PAC have longstanding business ties to the governor that prompted ethics complaints, which could revive “cronyism concern,” reports Politico’s Isaac Arnsdorf.