Over 60% Of Americans Fear "Corruption Of Government Officials" Above Anything Else
Elite bankers and the pathetic economists who serve as apologists for their frauds specialize in proving our family saying that it is impossible to compete with unintentional self-parody. The subtitle of the WSJ article providing the latest proof is “Fines on banks translate into $5 trillion of ‘reduced lending capacity,’ bank says.” The “bank” referred to is the Bank of England, which is supposed to be the UK’s primary bank regulator. To be kind, the “study” by BOE is so embarrassing that a better descriptor of the BOE would be “fraud enabler.”New Economic Perspectives
Here’s some details about the Millennials (sources listed at end of article):Counterpunch
- 43% non-white
- Best educated generation in US history
- Only 1/4 are married; 44% say that marriage is becoming obsolete
- More tolerant of races and groups than older generations (47% vs. 19%)
- Less religious
- Views of media growing more negative
- 61% “worried about the state of the world and feel personally responsible to make a difference”
- 92% “believe that business success should be measured by more than just profit”
- 83% “agreed with the statement, ‘there is too much power concentrated in the hands of a few big companies,’” which is higher than all other generations
- 64% “would rather make $40,000 a year at a job they love than $100,000 a year at a job they think is boring”
These are helpful characteristics and admirable traits for the challenges that face us. By 2020, Millennials will make up 40% of the electorate so we could be in for a big shake-up…
- 88% “prefer a collaborative work culture rather than a competitive one”
It has become crystal clear.
For the record, here it is.
She has big ambitions, which she does not spell out for fear of frightening part of the electorate, but which are perfectly understood by her closest aides and biggest donors.She wants to achieve regime change in Russia.
She enjoys the support of most of the State Department and much of the Pentagon, and Congress is ready to go..…
In a robust ruling in favor of Abu Ghraib detainees, an appellate court ruled Friday that torture is such a clear violation of the law that it is “beyond the power of even the president to declare such conduct lawful.”
The ruling from a unanimous panel of judges on the Fourth Circuit Court of Appeals reinstates a lawsuit against a military contractor for its role in the torture of four men at the notorious prison in Iraq.
Last June, a district court ruled that a “cloud of ambiguity” surrounds the definition of torture, and that despite anti-torture laws, the decision to torture was a “political question” that could not be judged by courts.
That ruling echoed the widely discredited legal theories of the Bush administration, which argued that the war on terror gave the president the inherent authority to indefinitely detain and torture terror suspects, and conduct mass surveillance on Americans’ international communications.
But the Fourth Circuit soundly rejected that theory, saying that the United States has clear laws against torturing detainees that apply to the executive branch.…The Intercept
While it’s almost forgotten now, the George W. Bush campaign was planning to challenge the results of the 2000 vote if he lost the electoral vote, but won the popular vote. His campaign hoped to spark a national movement to pressure members of the Electoral College in states where the popular vote went for Al Gore to ignore that and instead vote in line with the national popular vote — thus making Bush president.
In the end, the reverse happened. Bush won the Electoral College vote while losing the popular vote.
But in the weeks before the November 7, 2000, election, it seemed more likely that Gore would get a majority of electoral votes, while Bush, buoyed by a wide margin in his home state of Texas, would have the most votes by actual people. This possibility was widely discussed, including in the Boston Globe and Christian Science Monitor and in an Associated Press polling analysis.
Gore was even preemptively criticized for winning under these circumstances. It “would be an outrage” said Rep. Ray LaHood, R.-Ill. NBC’s Chris Matthews said that “knowing him as we do, [Gore] may have no problem taking the presidential oath after losing the popular vote to George W. Bush.” (Matthews lost interest in this issue when the opposite occurred. He later said that he himself had voted for Bush in 2000.)
There’s no money left. That was the message that Liam Byrne, chief secretary to the Treasury under Gordon Brown, left to the incoming Tory government in 2010, a missive the Labour politician regretted bitterly.
There was no such memo from George Osborne, the former chancellor, to his successor, Philip Hammond, but there might well have been.…The Bank of England has run out of keystrokes! Maybe they all developed carpal tunnel syndrome at once.
At this point it makes for Americans to ignore the capricious polls, and simply vote their conscious on Election Day. The numbers in the polls don't add up to the significance the polling conclusions convey.Statistical Ideas
"We take in $3.1 trillion and we spend $3.7 trillion," Wynn said Thursday to guest host Eric Bolling. "And that $600 billion deficit is at the rate of $50 billion a month. Our government is printing money and it's degrading the living standard of every person in America. It's the cause of frustration, anger and confusion.
#STEVE WYNN SPEAKS OUT: #Printing Money #Degrades Living Standard, Causes Anger... Healthcare Goes Up, Product... https://t.co/3QzKXcsnGx— Drudge Report (@drudgeheadlines) October 21, 2016
This seems to suggest to me that the explanation must be related to the short term nominal rate, which is a policy decision of the central bank, rather than something that affects the levels of inflation, and according to some theories (the loanable funds) what that does to savings. If I'm right then, the cause of the low rates is the financial excess of the last three decades, that forced central banks to keep rates low to save the economy, and preclude further problems. Very unlikely that would change any time soon.Naked Keynesianism
As the heirs to classical political economy and the German historical school, theAmerican institutionalists retained rent theory and its corollary idea of unearned income. More than any other institutionalist, Veblen emphasized the dynamics of banks financing real estate speculation and Wall Street maneuvering to organize monopolies and trusts. Yet despite the popularity of his writings with the reading public, his contribution has remained isolated from the academic mainstream, and he did not leave a “school.” The rentier strategy has been to make rent extraction invisible, not the center of attention it occupied in classical political economy. One barely sees today a quantification of the degree to which overhead charges for rent, insurance and interest are rising above the cost of production, even as this prices financialized economies out of world markets.Michael Hudson
The idea has been percolating around for a while, and now we’re ready. It is a unique moment. The time is ripe for advancing peace and liberty.
Our goal is to unite the libertarian movement and more importantly to realign American politics around our agenda — prioritizing opposition to the worst of state power: the permanent war state, the prison and police states, and the corporate welfare, corrupt contracts, and bank bailouts that rig the economy for the wealthy and politically connected.
The Libertarian Institute’s mission is to stress these issues and work with other groups from across the political spectrum against these greatest of abuses.
I am proud to announce that Managing Editor Will Grigg and Executive Editor Sheldon Richman join me in this ambitious venture. Their heroic legacies of authorship and activism will surely inspire confidence and help solidify the Institute’s place in the libertarian movement and the broader political conversation.
Jared Labell of Taxpayers United of America, deeply inspired by the idea, has taken on the launch of the Libertarian Institute as a personal project, already putting immense effort into making it bigger and better than we even hoped. We welcome his expertise as Executive Director and happily anticipate his fine writing.
We have begun inviting those who today best represent libertarianism in our country to write for our website and blog, and to collaborate on many projects. They come from many places and perspectives. This diversity will set the standard for our group and mission.The Libertarian Institute
The Committee for a Responsible Federal Budget, an organization that is virtually unknown outside of Washington, was nonetheless cited in four different questions during this year’s presidential and vice-presidential debates.
Moderators Elaine Quijano and Chris Wallace, seemingly unable to string together an intelligent thought about domestic policy on their own, outsourced their questions to a cabal of self-styled serious grown-ups who believe that advocating for cutting Social Security and Medicare makes them look like paragons of virtue.…Sociologists, psychologists and PR people call it cultivating an image — of being VSPs —Very Serious Persons.
My name is Deia Schlosberg and I am an independent filmmaker and climate reporter. I was arrested while filming an act of nonviolent civil disobedience in North Dakota and I’m currently facing felony charges that I believe are unjust. I am a climate reporter; my specialty is following the story of how humankind is creating a grave problem for civilization by continuing to flood the atmosphere with greenhouse gases through the burning of fossil fuels and other industrial processes. I don’t think there is nearly enough reporting on climate change nor the movement of people around the world working to lessen the impacts of climate change.…
When I was arrested, I was doing my job. I was reporting. I was documenting. Freedom of the press, guaranteed by the First Amendment, is absolutely critical to maintaining an informed citizenry, without which, democracy is impossible.Counter Current News
We will continue where we left off with a look at budget deficits, surpluses and the national debt. Previously, we’ve discussed US Dollars, what they are, where they come from, how they enter and leave the US economy, and US paper currency. In case you’ve been linked to this particular article, here is the series so far:
Ellis Winningham — MMT and Modern Macroeconomics
Introductory Series: The Monetary System – US Currency Part 1
Introductory Series: The Monetary System – US Currency Part 2
Introductory Series: The Monetary System – US Paper Currency
Also, let me restate the purpose of this series. The purpose of this introductory series is two-fold: Firstly, for those students considering economics as a major, the series will give you a solid understanding of the basics from which macroeconomic reality flows. In other words, from the get go, you won’t fall for mainstream fantasy, and then one day, obtain an influential position in government where you will create recessions and high unemployment for a living and then deny responsibility. Secondly, for the general public and interested laypersons who do not wish to be economists, but rather, who do wish to obtain a firm grasp on the basics of how federal spending and the monetary system actually works. Following today’s discussion, we will then take a look at other aspects of the monetary system, including banking operation and central bank operations, as well as a look at how the monetary system applies to Social Security. Let’s get started.…
AJB: On the Right they hoped to find the opportunity to create that alternative perception of reality necessary for fulfilling their radical aspirations. The essence of those aspirations was simplicity itself: to fuse American power to American principles, ensuring the survival of those principles and subsequently their propagation to the benefit of all humankind."Doing good" while also "doing well."
Paul Mason is a leading British economic journalist, currently a columnist for The Guardian. He is also a long time left political activist. His new book, Postcapitalism: A Guide to Our Future (Farrar, Strauss and Giroux. New York, 2015) is a challenging, sometimes obscure, sometimes brilliant, eminently worthwhile read, and an optimistic take that the left might, once again, be marching in tune with the forces of history.…The Bullet