New York City
"Why are Western leaders expressing their determination to “destroy” ISIS using all means necessary, while avoiding the most significant factor of all: the material infrastructure of ISIS’ emergence in the context of ongoing Gulf and Turkish state support for Islamist militancy in the region."
Many campus activists have lashed out in frustration at “free speech purism,” which they regard as misplaced in the context of institutionalized oppression. But it is extremely short-sighted to sacrifice universal principle on the altar of identity politics for the sake of marginalized groups.
"And certain things will be done that we never thought would happen in this country in terms of information and learning about the enemy. And so we’re going to have to do certain things that were frankly unthinkable a year ago."
You didn’t think the surveillance state would give up that easily did you? Of course not. Unsurprisingly, fresh off the heels of the Paris terror attacks, the usual authoritarian suspects in the U.S. government are running around exploiting the tragedy in a bid to further erode privacy and civil liberties.
First it was Texas. Then five other states - Louisiana, Alabama, Arkansas, Indiana, and Michigan - followed in refusing to admit any Syrian refugees. It has since became an avalanche, and at last check, at least 27 states - represented by more than half the nation's governors - say they oppose letting Syrian refugees into their states.
Washington’s capacity to foster crony capitalist larceny and corruption never ceases to amaze. But as we recently noted, Wall Street’s shameless thievery from US taxpayers is about to get a whole new definition.
The idea that hard work leads to prosperity is increasingly becoming an American pipe dream, in some places more than others.
The growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the planet”, and it is getting worse with each passing year. During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true?
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 Federal Reserve was supposed to serve the nation, however as even Bloomberg observes today, ended up "steamrolling" Main Street. One reason why: directors such as this one. Presenting former Morgan Stanley CEO, James Gorman, whose former employer got a $107 billion loan from the Federal Reserve to avoid implosion.
- World stocks on course for best month in four years (Reuters)
- Global Stocks Up Amid Stimulus Hopes (WSJ)
- BOJ Refrains From Adding Stimulus Even as Inflation, Growth Wane (BBG)
- U.S. Avoids Debt Default as Congress Passes Fiscal Plan (BBG)
- China naval chief says minor incident could spark war in South China Sea (Reuters)
- Exclusive Club: No High-Frequency Traders Allowed at Luminex (WSJ)
No, Ben S. Bernanke will be someday remembered as the world’s most destructive battleship admiral. Not only was he fighting the last war, but his whole multi-trillion money printing campaign after September 15, 2008 was aimed at avoiding an historical Fed mistake that had never even happened!
Global Capitalism is trapped in its own Prisoner’s Dilemma; fourty four years after the end of the Bretton Woods System global central banks have manipulated the cost of risk in a competition of devaluation leading to a dangerous build up in debt and leverage, lower risk premiums, income disparity, and greater probability of tail events on both sides of the return distribution. Truth is being suppressed by the tools of money. Market behavior has now fully adapted to the expectation of pre-emptive central bank action to crisis creating a dangerous self-reflexivity and moral hazard. Volatility markets are warped in this new reality routinely exhibiting schizophrenic behavior. The tremendous growth of the short volatility complex across all assets, combined with self-reflexive investment strategies, are creating a dangerous ‘shadow convexity’ that will fuel the next hyper-crash.
If you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you have just been promoted to the top of the government’s terrorism watch list.