Sickening Images Of China Plagued By "Extremely Hazardous" Record Smog As Winter Heating Season ArrivesSubmitted by Tyler Durden on 11/09/2015 23:10 -0500
"...middle-aged whites have lost the narrative of their lives. ... while universal health care, higher minimum wages, aid to education, and so on would do a lot to help Americans in trouble, I’m not sure whether they’re enough to cure existential despair."
The failure of the Fed’s policies of massive money creation, corporate bailouts, and quantitative easing to produce economic growth is a sign that the fiat money system’s day of reckoning is near. The only way to prevent the monetary system’s inevitable crash from causing a major economic crisis is the restoration of a free-market monetary policy.
Last week, under pressure from companies including Buffett’s BNSF - which has spent more money lobbying Congress this year than any other railroad - U.S. legislators passed, and President Obama signed, a law that delays the so-called positive train control mandate. That means railroad operators can put off having to buy and install equipment that safety advocates say would have prevented accidents that have claimed more than 245 lives and caused over 4,200 injuries since the NTSB began calling for the technology in 1969.
The EU expects 3 million refugees in 2016. This year, there will be ‘only’ 1 million. Of which resettlement deals have been made for 160,000, and at last count 116 have actually been resettled. The 1 million refugees in 2015 have already strained resources, international relationships and indeed entire governments to such an extent, wars could start just because of that. Add another 3 million, and the chances of a peaceful 2016 in Europe grow terribly slim.. The fact is that Europe risks being strained to the point of military conflict.
Based on last week’s developments, which included the launch of an investigation into the world’s largest oil company and the rejection of the most politicized energy project to date, the “above ground” problems for the energy industry are growing much worse. That could complicate the future fortunes of oil and gas companies.
In May, Police Chief Leonard Campanello of the Gloucester, Massachusetts Police Department announced via Facebook that his department would adopt the new policy of treatment over arrest. Five months since the program launched, Campanello reports positive results: over 260 addicts have been placed in treatment. This summer, shoplifting, breaking and entering, and larceny dropped 23% from the same period last year. “We are seeing real people get the lives back,” he said. “And if we see a reduction in crime and cost savings that is a great bonus.”
The self-inflicted wounds of Hillary Rodham Clinton just keep manifesting themselves. She has two serious issues that have arisen in the past week; one is political and the other is legal. Both have deception at their root.
Obama Explains Why He "Rejected" Keystone XL Pipeline Days After Transcanada Withdraws Application - Live FeedSubmitted by Tyler Durden on 11/06/2015 11:04 -0500
After seven long years, and following the State Department's denial of TransCanada’s request to suspend its permit application, the Obama Administration, according to The Wall Street Journal, is set to reject the Keystone XL Pipeline (the controversial project to link oil sands in Alberta to U.S. Gulf of Mexico refineries). Speaking from The White House shortly, President Obama is expected to cite the urgency of climate change as a key reason behind his decision (though is unlikely to name the biggest winner from this decision..).
"People who have spoken truth to power get retired," raged McCain, "all you have to do is look at a map of the Middle East in 2009 and then compare it to a map of today," to see an utterly failed strategy..." adding - as perhaps a veiled threat - "there’s a level of dissatisfaction among the uniformed military that I’ve never seen in my time here."
It is now open season on "climate change deniers" everywhere.
In the next phase of the Obama administration's other war on drugs, The Centers for Medicare & Medicaid Services (CMS) has issued a letter to the CEOs of four large drug providers (AbbVie, Gilead, Johnson & Johnson, and Merck), warning that "manufacturers have a role to play in ensuring access and affordability to these medications," asking for "value-based purchasing arrangements." While there is no "or else" in the letter, the focus on 'significance to many', 'costs', and 'accessible' suggest an overhang of government intervention as new specialty drugs account for nearly a third of overall costs, but represent less than 1% of prescriptions.
"The Trans-Pacific Partnership means that America will write the rules for 21st century trade," according to President Obama, but as Reuters reports, U.S. unions, lawmakers and interest groups questioned the long-awaited text of a landmark U.S.-backed Pacific trade deal on Thursday. "It's worse than we thought,” Lori Wallach, director of Public Citizen’s Global Trade Watch, told members and U.S. labor representatives said the agreement contained weak, poorly worded or unenforceable provisions, concluding "we do not believe those improvements are significant or meaningful for workers." It appears, that ObamaTrade may be a boon for factory and export economies like Malaysia and Vietnam, but - as expected - will achieve little for the average joe in America.
President Obama has just unleashed a new executive order to remove admission of a criminal history from job applications, or in The White House's words, to reduce potential discrimination against former convicts in the hiring process for federal government employees. As NBC News reports, this is a further step towards what many criminal justice reformers call "ban the box" – the effort to eliminate requirements that job applicants check a box on their applications if they have a criminal record - and continues Obama’s emphasis on assisting criminals who want to re-enter society as part of his continuing agenda items from his "My Brother’s Keeper Task Force."
The Pentagon just won another small skirmish in its long war with Social Security and Medicare. That is the unstated message of the budget deal just announced gleefully by congressional leaders and the President. To understand why, let’s take a quick trip down memory lane.