Over the weekend, Heather Linebaugh wrote a powerful Op-ed in The Guardian newspaper lamenting the lack of public understanding regarding the American drone program. Heather should know what she’s talking about, she served in the United Stated Air Force from 2009 until March 2012. She worked in intelligence as an imagery and geo-spatial analyst for the drone program during the occupations of Iraq and Afghanistan.
"Few of these politicians who so brazenly proclaim the benefits of drones have a real clue of what actually goes on. I, on the other hand, have seen these awful sights first hand."
Without question, 2013 was a jam-packed year for national security, defense and foreign policy watchers in the Asia-Pacific. Don’t expect the Asia-Pacific to be any less fraught next year.
Even Before 9/11, NSA Knew In Real-Time Which Countries Both Parties to Phone Calls Were In
Passage of Budget Bill Is NOT a Victory for the American People … Only for the Military-Industrial ComplexSubmitted by George Washington on 12/27/2013 14:13 -0400
The People Want Peace, But D.C. Wants War
It is perhaps ironic that the creator of the AK-47 assault rifle, also known as the Kalashnikov named for its creator Mikhail Kalashnikov, and of which there are between 70 and 100 million in circulation making it the world's most popular weapon, has just passed away from what is essentially old age, at 94. "It is difficult and sad to realize that Mikhail Kalashnikov is no longer with us. We have lost one of the most talented, memorable and committed patriots of Russia, who served his country throughout his life,” said the statement from the press secretary of the Udmurtia administration Viktor Chulkov.
All of the Chairs of the 9/11 Commission and the Congressional Investigation Into 9/11 Say It’s “Implausible” that the 9/11 Hijackers Acted Without GOVERNMENT Backing
US Gets Involved In Another Foreign Conflict, Will Support French Troops In Central African RepublicSubmitted by Tyler Durden on 12/09/2013 15:19 -0400
One of the underreported stories from last week, noted here previously, was that quietly, on the day in which French unemployment soared to a new 16 year high, French president Hollande did what every true Keynesian in his position would do and dispatched troops to the Central African Republic due to a "duty to intervene" and stop the "alarming, frightening massacres" taking place there. There were no YouTube clips available to justify said massacres yet: we assume they are being produced currently. A few days later the fighting has begun with Reuters reporting that French troops fought gunmen in Bangui, the capital of Central African Republic, on Monday as they searched for weapons in an operation to disarm rival Muslim and Christian fighters responsible for hundreds of killings since last week. Shooting erupted near the airport in the morning after gunmen refused to hand over their weapons, and French forces later came under attack by former rebels in the city centre. France said it was prepared to use force if fighters rejected calls to disarm or return to barracks. Paris boosted its military presence to 1,600 troops at the weekend as waves of religious violence swept its former colony.
You know that game involving word association at the psychotherapists? The one where you have to say the first word that springs to mind.
For the First Time In 50 Years, a Majority of Americans Think the U.S. Should “Mind Its Own Business”Submitted by George Washington on 12/04/2013 21:11 -0400
The American public finally catches up to Ron Paul ... and the Founding Fathers
Although Vice President Joe Biden’s trip to Northeast Asia this week will likely focus on defusing tensions over China’s new Air Defense Identification Zone (ADIZ), this is hardly the only issue plaguing the U.S. in Asia. In general, U.S. Asia policy during the second Obama administration has lacked focus as senior officials have been preoccupied with domestic and other international challenges. Moreover, a number of other issues suggest that the administration continues to give inadequate attention to the Asia-Pacific, and the results it is getting reflect this relative neglect.
- M&A Mystery: Why Are Takeover Prices Plummeting? (WSJ)
- Hedge-Fund Fight Club Traded Illegal Tips Not Punches (BBG)
- Speed Traders Meet Nightmare on Elm Street With Nanex (BBG)
- A new wave of U.S. mortgage trouble threatens (Reuters)
- Penny Lane: Gitmo's other secret CIA facility (AP)
- US hardens threat to leave Afghanistan with no troops (WSJ)
- Russian Prison Stuns Captain of Greenpeace’s Bombed Ship (BBG)
- ECB's Weidmann Warns Central Banks Might Be Too Dominated by Fiscal Concerns (WSJ)
- China Air Move Splits Japan as Carriers Obey New Rules (BBG)
- Inside the Breakup of the Pritzker Empire (WSJ)
After a year of talks over the post-2014 US military presence in Afghanistan, the US administration announced last week that a new agreement had finally been reached. Under the deal worked out with Afghan President Hamid Karzai, the US would keep thousands of troops on nine military bases for at least the next ten years. In fact, much of the US government’s desire for an ongoing military presence in Afghanistan has to do with keeping money flowing to the military industrial complex. Addressing Afghan tribal elders last week, Karzai is reported to have expressed disappointment with US assistance thus far: “I demand tanks from them, and they give us pickup trucks, which I can get myself from Japan… I don’t trust the U.S., and the U.S. doesn’t trust me.” Let us hope that Karzai sticks to his game with Washington. Let the Obama administration have no choice but to walk away from this twelve-year nightmare. Then we can finally just march out.
- Wonder why: JPMorgan plans to keep pay roughly flat from last year (Reuters) - maybe this: Charles Schwab Warns "We Are In A Manipulated Market"
- Democrats overturn filibuster rule, increasing Obama’s power (FT)
- Day JFK Died We Traded Through Tears as NYSE Shut (BBG)
- When even dictators snub Obama - Afghanistan rejects U.S. call for quick security deal (Reuters)
- Obama Plunges in Investor Poll as Stocks Make New Highs (BBG)
- Iran, six powers struggle to overcome snags in nuclear talks (Reuters)
- Derision for China’s ‘rejuvenation index’ (FT)
- Bottom is in: Paulson Said to Inform Clients He Won’t Add More to Gold (BBG)
- German business sentiment rebounds strongly (WSJ)
- WTO on verge of global trade pact (FT)
- When it fails, do more of it - Bank of Japan hints at extending ultra-loose monetary policy (FT)
- PBOC Says No Longer in China’s Interest to Increase Reserves (BBG)
- Fed casts about for endgame on easy-money policy (Hilsenrath)
- Big trucks still rule Detroit in energy-conscious era (Reuters)
- Debt Limit Rise May Not Be Needed Until June, CBO Says (BBG)
- Some Insurance Regulators Turn Down White House Invitation (WSJ)
- Say Goodbye to the Car Salesman (WSJ)
- U.S. drone kills senior militant in Pakistani seminary (Reuters)
- French business sector contracts sharply (FT)
- How Germany's taxman used stolen data to squeeze Switzerland (Reuters)
- Fed casts about for endgame on easy-money policy (WSJ)
- France, Italy call for full-time Eurogroup chief (Reuters)
Yet another chart that perfectly tracks the performance of the S&P (or Fed balance sheet). Guess what it shows...