Economic principles explain why the Saudis began, in late 2014, to pump crude as fast as they could – or close to as fast as possible. In fact, there is a good reason why the Saudi princes are panicked and pumping.
People are assuming there’s only one way to fight a war today of global proportions. We're not in that camp. We believe it will come monetarily – not military. At least at first. For once it takes place all bets are off as to what happens next.The obvious first mover advantage for China (and all its current allies) would be to use the rhetoric coming out of the current U.S. political arena, along with current, as well as proposed monetary policies via the Fed, ECB, and Japan.
Lurched back and forth in the ever-quickening spiral of an American empire circling the drain, we - as a people - have chosen battle lines on nearly every issue from politics to foreign policy, domestic surveillance to policing. Thrust back into national focus, the last issue - policing in the U.S. - might even surpass in contention the ongoing race to the White House.
To all Americans tonight, in all our cities and towns, I make this promise: We Will Make America Strong Again. We Will Make America Proud Again. We Will Make America Safe Again. And We Will Make America Great Again. THANK YOU.
The hacktivist group Anonymous is now calling for nationwide Day of Rage protests on Friday, July 15th. No matter how great your empathy might be for those who have unjustly lost their lives, these protests are not safe places to be.
Having promised the world more "Sceret Master Plan" smoke and mirrors in a tweet, P.T.Musk now faces an SEC probe for possible securities law breach after Tesla failed to notify investors of the recent autopilot accident, according to The Wall Street Journal. The stock is sliding modestly after-hours...
A police officer was shot in the left arm and finger after shots were fired at the Berrien County Courthouse in St. Joseph, Michigan, according to local news outlets. According to media reports, at least 4 people have been shot with unconfirmed reports of 3 casualties.
The sorts of predicaments the world faces -- ranging from over $200 trillion in debt, to our unsustainable addiction to fossil fuels, to our over-stressed ecosystems -- all require that we get deadly serious about confronting them ASAP, and make difficult decisions and trade-offs. However, our global leaders always seem to opt to kick the can down the road if at all possible. Short-term thinking and near-term priorities dependably get precedence over doing the right thing for the future. Tomorrow’s generations are thrown under the bus by selfishly motivated actors today.
Dale Vukovich of the Pennslvania State Police, who responded to the crash, said Scaglione told him that he had activated the Autopilot feature. In his crash report Vukovich stated that Scaglione's car was traveling east, near mile marker 160, about 5 p.m. when it hit a guard rail "off the right side of the roadway. It than crossed over the eastbound lanes and hit the concrete median."
"I'm just waiting for the government to do the right thing," he says. "Not just for me, but for everyone in this same situation. The government shouldn't have taken our money, and they need to give it back."
Perhaps riding high on the small victory of a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, Rahm Emanuel is now quietly asking the city to change investment rules that would allow Chicago to purchase debt from sister agencies such as the Chicago Public School system - said differently, Rahm Emanuel wants to bail out the Chicago Public School system.
Maintaining the status quo of red tape, high taxes, high junk fees and indifference to small business realities guarantees decline and failure. The motto of the most dynamic elements of our economy is: trust the network, not the corporation or the state.The most creative places share three essential characteristics: disorder, diversity and discernment. In other words, the exact opposite of places designed to preserve the privileges of vested interests and a sclerotic status quo.