More than 50 years after King was assassinated, his vision of a world without racism, militarism and materialism remains a distant dream. Indeed, the reality we must contend with is far different from King’s dream for the future: America has become a ticking time bomb of racial unrest and injustice, police militarization, surveillance, government corruption and ineptitude, the blowblack from a battlefield mindset and endless wars abroad, and a growing economic inequality between the haves and have nots. King’s own legacy has suffered in the process.
Mission Accomplished? The U.S. Spent Half A Billion On Mining In Afghanistan With "Limited Progress"Submitted by Tyler Durden on 01/18/2016 19:05 -0500
The United States has spent nearly half a billion dollars and five years developing Afghanistan’s oil, gas and minerals industries — and has little to show for it, a government watchdog reported today. In fact, the task force spent $46.5 million to try to convince companies to agree to develop the resources, but not one ended up signing a contract.
The last time the major political parties disintegrated, back in the 1850s, the nation had to go through a bloody convulsion to reconstitute itself. The festering issue of slavery so dominated politics that nothing else is remembered about the dynamics of the period. Today, the festering issue is corruption and racketeering, but none of the candidates uses those precise terms to describe what has happened to us. Nobody knows where the shit show of 2016 is leading. The uncertainty around it is helping to sink what remains of the old economy, and one can easily discern a very dangerous set of feedbacks creeping into place.
Three pressing questions about Bitcoin and blockchain answered
There are now more than 100 FBI agents investigating Hillary Clinton. Her denial that she is at the core of their work is political claptrap with no connection to reality. It is inconceivable that the FBI would send such vast resources in the present dangerous era on a wild-goose chase. It is the consensus of many of us who monitor government behavior that the FBI will recommend indictment. If the FBI recommends indictment and the attorney general declines to do so, expect Saturday Night Massacre-like leaks of draft indictments, whistleblower revelations and litigation, and FBI resignations.
For imprisonments, the US really does have no close second: it’s the unquestionable global market-leader, for prisons and prisoners. And this gets us to the market-leader for prisons within America itself, and to the stunning corruption that stands behind it. So, here’s that extraordinary example, and the story behind its corruption, which will provide a close-up view of America’s general corruption, from the top (including the government itself) on down.
The state of our nation under Obama has become more bureaucratic, more debt-ridden, more violent, more militarized, more fascist, more lawless, more invasive, more corrupt, more untrustworthy, more mired in war, and more unresponsive to the wishes and needs of the electorate. Most of all, the government, already diabolical and manipulative to the nth degree, has mastered the art of "do what I say and not what I do" hypocrisy.
This decline is inevitable in fast-expanding economies that play fast and loose with credit/debt and leverage. All the phantom wealth piled up in China's boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets.
In what may be the latest bad news for Hillary Clinton, whose various "previous life" scandals - from emails, to Clinton foundation donations - refuse to go away, the Hill reports, citing Fox News, that the FBI has expanded its investigation of Hillary Clinton's use of a private email server during her time as secretary of State to determine whether her Clinton Foundation work violated public corruption laws.
- David Bowie, musical legend behind Ziggy Stardust, dies at 69 from cancer (Reuters)
- With No Powerball Winners, Jackpot Grows to Estimated $1.3 Billion (ABC)
- Stock Gains Short-Lived as Chinese Volatility Hurts Oil, Metals (BBG)
- China's yuan spikes higher, but stocks tumble (Reuters)
- Arch Coal Files for Bankruptcy (WSJ)
- Yuan Loan Rates Soar in Hong Kong as PBOC Halts Currency's Slide (BBG)
- China stocks close down at lowest level since September (Reuters)
- Fed Eyes Margin Rules to Bolster Oversight (WSJ)
“Are they really going to create their own tax authority and other state structures? Ignore the rhetoric and declarations, follow the actions.”
It was an ominous beginning to what is poised to be a most tumultuous year. Market participants are quickly coming to appreciate that China does in fact matter. Few understand why. Most – from billionaires to fund managers to retail investors – will “Do Nothing.” This has worked just fine in the past – repeatedly. Not understanding and not doing anything will be detriments going forward.
Time Magazine cover says she could lead the only Chinese democracy. The same woman also said "Violence Is Normal in a Democratic Society"
We used to have notions of ‘proprietary programmed code’ but the Investment Banks learned that they could make their life a lot easier by working together instead of cross purposes.