New York Times
China "can't determine" what chemicals were warehoused in an industrial zone that exploded on Wednesday, leading local residents to question whether the air is safe to breathe. Meanwhile, Greenpeace suggests a hard rain risks driving air borne pollutants into the groundwater even as Beijing swears there's no evidece of chemicals in seawater.
Rather than rely on the same signals everyone else has, accredit yourself. Don't rely on the declining value of credentialing signals: demonstrate you have the skills.
During six months of protracted and terribly fraught negotiations between Athens, Berlin, Brussels, and the IMF, the idea that Spain, Italy, and Ireland somehow represented austerity "success stories" was frequently trotted out as the rationale behind demanding that Greece embark on a deeper fiscal retrenchment despite the fact that the country is mired in recession. For many in the periphery, the notion of an economic recovery is fiction, plain and simple.
The bail out is a cynical ruse, not to benefit Greece as a whole, but to benefit the banks and other creditors (the ECB and the IMF) who should take their medicine and move on. The one thing keeping the whole blighted euro project in place is an arrogant denial of the facts. A loss of political face now is a small price to pay for a much better outcome that will disadvantage far fewer people than the disorganised chaos into which Euroland will descend if the current bunch of lunatics are not put back in the asylum. Is this a Europe we want to be part of?
If these sorts of negative consequences arise from a voluntary equal pay scheme, we don’t think we could expect anything better from an involuntary one on a national level.
The violence in Turkey has escalated meaningfully over the past 48 hours as the country's crackdown on "terrorists" gathers steam and as Washington and Ankara ready a "comprehensive" plan to take the fight to ISIS in Syria. Meanwhile, Saudi Arabia's foreign minister met with his Russian counterpart in Moscow where the two argued about the fate of Bashar al-Assad, while al-Qaeda refused to back the US and Turkey's "ISIS-free zone" because they believe it serves only to advance Ankara's narrow political interests. In short: "It's a friggin' mess."
"Oops." On the heels of a lackluster performance in the "losers" bracket of the first GOP primary debate last week, Rick Perry has reportedly stopped paying staffers in what may be the beginning of the end for the former Texas governor's second run at The White House.
Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment report was a continuation of a long string of bad news spun into good news.
There are two ways to win, at any game: One is by improving one’s own performance. The other is by weakening the performances by all of one’s competitors. The United States is now relying almost entirely upon the latter type of strategy.
"I’ve just slogged through all ninety-two pages of Donald Trump’s financial disclosure submission to the Federal Election Commission, and I can’t make heads or tails of it. I cannot tell how much Trump is worth, if anything. His empire, if he has one, is as mysterious as his haircut, and as impervious as his skyscraper in Chicago - a gigantic phallic mirror named after himself."
We're regularly told by the Fed and defenders of the current incumbent president that the economy is humming along pretty well. People who write columns for the New York Times and who compile government reports are doing pretty well. Unfortunately for those who don't write columns or enjoy comfortable government jobs, things seem less rosy. In fact, in an economy with a rising cost of living (especially in housing), stagnant real wages, and falling worker productivity, many in the so-called working class are very, very worried about the future. And this is a reason that Donald Trump is doing so well in the polls...
GOP Presidential hopefuls expressed plenty of distaste for the Iran nuclear deal during last night’s debate, but it was the voice of a Democrat that mattered most on Thursday evening as Chuck Schumer, the influential Jewish Senator from New York, came out in opposition to the accord.
In case you’ve been living under a geopolitical rock for the last couple of years, you’d know that despite a brief period of time during which Egypt appeared headed toward a democratic form of government, it went from one brutal dictator to another. As was the case during Hosni Mubarak’s decades of rule, this is precisely how the U.S. government likes it. So much so, that U.S. officials are not only selling arms to the latest despot, General Abdelfattah al-Sisi, but they are actively bragging about it on Twitter.
"What can we do?"