Sep 052019
 
 September 5, 2019  Posted by at 8:30 am Finance Tagged with: , , , , , , , , ,


Henri Matisse Bathers by a river 1909-16

 

UK Government Gives Up Trying To Stop Brexit Delay Bill In Parliament (R.)
Bill Designed To Stop No-Deal Brexit ‘Will Clear Lords’ (BBC)
Fed’s Rate-Cut Debate Focuses On ‘Robust’ US Consumer (R.)
Why Millions Of Millennials Are Not Homeowners (CNBC)
Inequality and Taxes (Flassbeck)
Chinese Paper Says Hong Kong Demonstrators Now Have No Excuse For Violence (R.)
John Doe Begs Judge Not To Name Names In Epstein Gal Pal Case (NYP)
‘Hundreds Of Other People Could Be Implicated’ In Epstein, Maxwell Case (CNBC)
Erdogan Says It’s Unacceptable That Turkey Can’t Have Nuclear Weapons (R.)
US Offered Millions In Cash To Captain Of Iranian Tanker (AFP)
400 Million Facebook Users’ Phone Numbers Exposed In Privacy Lapse (AFP)
Plastic Pollution Has Entered The Fossil Record (G.)

 

 

Good lines: “There was a realization by those on the other side that this was more than usually stupid, and they were looking stupid, and we needed to find a way forward .. ”

UK Government Gives Up Trying To Stop Brexit Delay Bill In Parliament (R.)

British Prime Minister Boris Johnson’s government abandoned attempts in the upper house of parliament to block a law aimed at stopping the country from leaving the European Union without a deal. The move paved the way for Johnson being required to ask the EU for a three-month extension to the Brexit deadline, if he fails to reach a renegotiated transition deal with the bloc by the middle of October. Johnson has said he is opposed to an extension and that he is prepared to take Britain out of the EU without a deal if necessary. Conservative Party members of the upper house of parliament had tabled a series of amendments in an attempt to run down the clock on the delay bill and prevent it being passed before parliament is suspended on Monday.


But in the early hours of Thursday, the government in the upper house, known as the House of Lords, announced it was dropping its opposition to the legislation. Richard Newby, an opposition member of the Lords, who had taken his duvet to parliament in preparation to spend the night discussing the law, said the government dropped its opposition after suffering heavy defeats on some of the proposed amendments. “There was a realization by those on the other side that this was more than usually stupid, and they were looking stupid, and we needed to find a way forward,” he told BBC Radio.

Read more …

OK, what’s next? Friday is the last day Parliament is in session until mid-October.

Bill Designed To Stop No-Deal Brexit ‘Will Clear Lords’ (BBC)

The government has said a bill to stop a no-deal Brexit will complete its passage through the Lords on Friday. The proposed legislation was passed by MPs on Wednesday, inflicting a defeat on Prime Minister Boris Johnson. There were claims pro-Brexit peers could deliberately hold up the bill so it could not get royal assent before Parliament is prorogued next week. But the Conservative chief whip in the Lords announced a breakthrough in the early hours after talks with Labour.


The peers sat until 01:30 BST, holding a series of amendment votes that appeared to support predictions a marathon filibuster session – designed to derail the bill – was under way. But then Lord Ashton of Hyde announced that all stages of the bill would be completed in the Lords by 17:00 BST on Friday. He added that the Commons chief whip had also given a commitment that MPs will consider any Lords amendments on Monday and that the government intends that the “bill will be ready” to be presented for royal assent.

Read more …

End the Fed.

Fed’s Rate-Cut Debate Focuses On ‘Robust’ US Consumer (R.)

Slowing global economies, the escalating trade war between Washington and Beijing and a warning sign of recession flashing in the U.S. Treasury market have all fed expectations the Federal Reserve is poised to lower rates at the close of its Sept. 17-18 meeting. But sentiment is much less well-defined within the Fed over whether to reduce borrowing costs for the second time this year, and if so by how much. In remarks this week, their last chance to speak publicly before their next rate-setting meeting, U.S. central bankers broadly agreed that trade policy uncertainty is hurting U.S. businesses. Whether they believe a rate cut is in order appears to hinge largely on their view of the consumer.

John Williams, president of the hugely influential New York Federal Reserve, said on Wednesday consumer spending is “robust” and one reason the U.S. economy is in a “favorable” place.” Still, after his prepared remarks he told reporters: “I don’t see consumer spending really continuing to grow faster into the future like it has been.” Household spending accounts for about 70% of the U.S. economy and surged last quarter despite a drop in business investment. The Fed, he said, is ready to “act as appropriate” to help America avoid an economic downturn, echoing closely language used by Fed Chair Jerome Powell used last month which fed expectations of another quarter-point interest-rate cut in September.

But Williams also told reporters he expects the economy to grow at an above-trend pace of 2.0%-2.5% in 2019. “Doesn’t sound like someone ready to ease 50 basis points. Or at all,” quipped Northern Trust economist Carl Tannenbaum on Twitter. Boston Fed President Eric Rosengren, who in July opposed the first Fed rate cut since 2008, said on Tuesday there is no reason to cut rates as long as the economy keeps growing at around 2%.

Read more …

Because the Fed has blown a gigantic housing bubble and made millenials poorer in the process. That’s why.

Why Millions Of Millennials Are Not Homeowners (CNBC)

Homeownership eludes millions of millennials. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents. “In my generation — I’m a baby boomer — you bought a home as quickly as you could,” said Laurie Goodman of the Urban Institute. “You didn’t take a vacation for years to save for the down payment on your first home.” Millennials are in less of a rush to get their hands on house keys, Goodman said. Delayed marriage has one of the biggest impacts on their low homeownership rate, the Urban Institute found. Marriage increases one’s likelihood of owning a home by 18 percentage points.

Yet millennials are wedding later — and less. In 1960, the average age at which women and men first married was in their early 20s. Today, the median age for a first marriage is closer to 30. And millennials are three times as likely to have never married as members of the silent generation — those in their 70s and 80s — when they were young. “Homeownership represents a stable place to live for the rest of my life,” Goodman said. “And a lot of single people think this isn’t the rest of my life — I’m going to find a mate and we’re going to put roots down together.” To be sure, even without saying, “I do,” many young people still want to become homeowners. Unmarried couples accounted for 16% of first-time homebuyers in 2017, the highest share on record, according to the National Association of Realtors.

Single men and women accounted for a quarter of first-time homebuyers. Today, just 57% of first-time homebuyers are married, compared with 75% in 1985. Young people are also in no rush to have kids. The share of married households with children, aged 18 to 34, dropped to 25% in 2015, from 37% in 1990. And having a child increases a person’s chance of owning a house by 6 percentage points, the researchers at the Urban Institute calculated. Millennials are also a far more diverse generation than previous ones, and homeownership rates are lower among Hispanic, black and Asian Americans compared with white Americans. While almost 39% of white millennials, aged 18 to 34, own a house, just 14.5% of those black Americans do, according to the Urban Institute.

Read more …

Germany has much less of a housing bubble, but they’re not doing much better. The inequality discussion will have to be had. America’s most prosperous era, the baby boomer boom, took place against a backdrop of 70-80% income taxes for the rich.

Inequality and Taxes (Flassbeck)

A modest proposal by a small party to reintroduce a wealth tax is rejected by conservatives quietly foaming at the mouth. This shows us a little of what is really going on in Germany. Germany at the end of summer 2019 is a country lacking any perspective. It doesn’t know how to deal with climate change; it lacks any notion of what to do about the obvious recession in its own country; it has no way of tackling the serious shortcomings in its infrastructure; it has no idea how to tame its disrupted agriculture and prevent traffic congestion; it debates this and that, but largely without any sense and without any intellectual or political direction.

What is particularly remarkable is how the plans of a small party to (re)introduce a very small and modest wealth tax have been answered by fuming attacks across almost all media and conservative political parties. Remember, this tax was once disposed of politically simply by doing nothing after a limp ruling by the Federal Constitutional Court. It is also worth remembering that inequality in income and wealth has since reached completely new dimensions. Don’t forget that the conservative parties constantly make the average voter believe that they are there for him. The media and political reaction to this modest proposal, which currently has no chance of being implemented, gives an idea of what power-relations in the country really are like and what would happen if one seriously tried to do something about inequality.

The paid scribblers in the dominant media know exactly what they have to do when the interests of those in power in the big media houses are threatened. The fact that a newspaper like Handelsblatt comes up with the headline “Robbery of the rich” on the subject of a wealth tax shows that all reason has been abandoned and all standards set aside when it comes to issues of wealth distribution. The Süddeutsche Zeitung shamelessly characterises the SPD’s initiative as an attempt “to make the discrediting of performance and success socially acceptable”. The newspaper, which still has a liberal image, accuses the SPD of betraying its own goal of “advancement” and “mobilising against high performers” (although, to be fair, the SZ also wrote a commentary in favour of a wealth tax, which I should not conceal from you).

Read more …

Christopher Balding on Twitter: “No, she hasn’t formally withdrawn the bill. The video with the subtitles say she hasn’t withdrawn the bill. She will PROPOSE withdrawing the bill in a month when the legislature reconvenes.”

Chinese Paper Says Hong Kong Demonstrators Now Have No Excuse For Violence (R.)

Hong Kong leader Carrie Lam’s withdrawal of a controversial extradition bill that had sparked widespread protests was an olive branch that leaves demonstrators with no excuse to continue violence, the official China Daily said on Thursday. The withdrawal of the bill on Wednesday came after weeks of protests that had sometimes turned into pitched battles across the former British colony of more than 7 million people. More than 1,000 protesters have been arrested. The bill would have allowed extraditions to mainland China, where courts are controlled by the Communist Party. Its withdrawal was one of the five key demands of the protesters.


The state-run China Daily said the decision was “a sincere and earnest response to the voice of the community … (that) could be interpreted as an olive branch extended to those who have opposed the bill over the past few months”. The protests began in March but snowballed in June and have evolved into a push for greater democracy for the city, which returned to China in 1997 as a Special Administrative Region (SAR). It was not clear if pulling the bill – which had been suspended since June – would help end the unrest. The headline of the China Daily’s editorial said “protesters now have no excuse to continue violence”

Read more …

Who do we protect, the victims or some John Doe?

John Doe Begs Judge Not To Name Names In Epstein Gal Pal Case (NYP)

An anonymous man terrified he’s about to be named in court papers related to Jeffrey Epstein and Ghislaine Maxwell’s alleged child sex trafficking ring is begging a judge not to release his name and identities of others accused — because it could tarnish their reputations, according to a surprise motion filed Tuesday. Lawyers for the John Doe filed the letter Tuesday — just a day before Epstein’s self-proclaimed “sex slave” Virginia Roberts Giuffre is expected to join her lawyers in court as they continue efforts to unseal thousands of pages of documents related to her civil lawsuit against the dead pedophile’s alleged procuress.

“As a non-party to these proceedings, Doe lacks specific knowledge about the contents of the Sealed Materials,” his lawyers wrote to Manhattan federal court judge Loretta Preska. “But it is clear that these materials implicate the privacy and reputational interests of many persons other than the two primary parties to this action, Giuffre and Maxwell.” The letter goes on to say a prior judge overseeing the case summarized the still-secret documents as containing a “range of allegations of sexual acts involving Plaintiff and non-parties to this litigation, some famous, some not; the identities of non-parties who either allegedly engaged in sexual acts with Plaintiff or who allegedly facilitated such acts.”

Doe’s lawyers do not say in the papers if he is famous, or what accusations he expects to face in the court papers. Meanwhile, Giuffre’s lawyer David Boies told The Post he expects Wednesday’s hearing to determine a roadmap for how to deal with the remaining mountain-range of material. “It’s a whole new set of documents, five to 10 times larger in volume than what has been released so far,” the lawyer said, referring to nearly 2,000 pages of case documents that were made public on Aug. 9 — just a day before Epstein’s death by suicide at a lower Manhattan jail. Boies said the still-sealed tranche contains depositions from never-before-heard witnesses, but declined to provide any names. And he said that while his client is planning to attend, he doubts her legal adversary will appear.

Read more …

Why we need Julian Assange. He helped Australian police track down pedophiles, he can do it again in the US.

‘Hundreds Of Other People Could Be Implicated’ In Epstein, Maxwell Case (CNBC)

Still-secret court filings related to sexual predator Jeffrey Epstein and his alleged procurer Ghislaine Maxwell could implicate “hundreds of other people,” Maxwell’s lawyer said Wednesday during a hearing. But finding out who they are will take some time. Maxwell’s lawyer and an attorney for women who claim Epstein, a financier, sexually abused them told U.S. District Judge Loretta Preska they have not agreed how the documents should be unsealed. Preska was clearly irritated with their lack of progress on the documents, which are part of a defamation lawsuit that one of Epstein’s accusers, Virginia Giuffre, filed several years ago against Maxwell, a British socialite.

The case files are known to contain claims by Giuffre that she was sexually abused by “numerous prominent American politicians, powerful business executives, foreign presidents, a well-known Prime Minister and other world leaders.” “Did you people not talk about this?” Preska asked the lawyers in federal court in Manhattan when she was told there was no plan in place for reviewing the documents. Preska ended the hearing with a tentative plan to have the attorneys take the next two weeks to hash out a process for categorizing the thousands of pages of sealed documents. After that, the lawyers would have a week to designate which group of documents should be unsealed first, with a rolling week-to-week process thereafter to evaluate the material and argue over how much or how little should be disclosed publicly.

There could be up to 10 categories for the documents. Jeffrey Pagliuca, a lawyer for Maxwell, said the sealed documents include “literally hundreds of pages of investigative reports that mention hundreds of people.” “There are hundreds of other people who could be implicated” in the documents, Pagliuca said.

Read more …

Patriotism on steroids.

Erdogan Says It’s Unacceptable That Turkey Can’t Have Nuclear Weapons (R.)

Turkish President Tayyip Erdogan said on Wednesday it was unacceptable for nuclear-armed states to forbid Ankara from obtaining its own nuclear weapons, but did not say whether Turkey had plans to obtain them. “Some countries have missiles with nuclear warheads, not one or two. But (they tell us) we can’t have them. This, I cannot accept,” he told his ruling AK Party members in the eastern city of Sivas. “There is no developed nation in the world that doesn’t have them,” Erdogan said. In fact, many developed countries do not have nuclear weapons. Turkey signed the Nuclear Nonproliferation Treaty in 1980, and has also signed the 1996 Comprehensive Nuclear-Test-Ban Treaty, which bans all nuclear detonations for any purpose.

Read more …

“Having failed at piracy, the US resorts to outright blackmail..”

US Offered Millions In Cash To Captain Of Iranian Tanker (AFP)

A senior US official personally offered several million dollars to the Indian captain of an Iranian oil tanker suspected of heading to Syria, the State Department confirmed Wednesday. The Financial Times reported that Brian Hook, the State Department pointman on Iran, sent emails to captain Akhilesh Kumar in which he offered “good news” of millions in US cash to live comfortably if he steered the Adrian Darya 1 to a country where it could be seized. “We have seen the Financial Times article and can confirm that the details are accurate,” a State Department spokeswoman said. “We have conducted extensive outreach to several ship captains as well as shipping companies warning them of the consequences of providing support to a foreign terrorist organization,” she said, referring to Iran’s elite Revolutionary Guards.


The Adrian Darya 1 was held for six weeks by the British overseas territory of Gibraltar on suspicion that it was set to deliver oil from Iran to its main Arab ally Syria — a violation of European Union sanctions on President Bashar al-Assad’s iron-fisted regime. Gibraltar released the ship, formerly called the Grace 1, on August 18 over US protests after receiving written assurances that the vessel would not head to countries sanctioned by the European Union. Iranian Foreign Minister Mohammad Javad Zarif mocked Hook’s initiative as he pointed to the Financial Times story. “Having failed at piracy, the US resorts to outright blackmail — deliver us Iran’s oil and receive several million dollars or be sanctioned yourself,” Zarif tweeted.

Read more …

Facebook does not rhyme with privacy.

400 Million Facebook Users’ Phone Numbers Exposed In Privacy Lapse (AFP)

Phone numbers linked to more than 400 million Facebook accounts were listed online in the latest privacy lapse for the social media giant, US media reported Wednesday. An exposed server stored 419 million records on users across several databases — including 133 million US accounts, more than 50 million in Vietnam, and 18 million in Britain, according to technology news site TechCruch. The databases listed Facebook user IDs — unique digits attached to each account — the profiles’ phone numbers, as well as the gender listed by some accounts and their geographical locations, technology website TechCrunch reported.


The server was not password protected, meaning anyone could access the databases, and remained online until late Wednesday when TechCrunch contacted the site’s host. Facebook confirmed parts of the report but downplayed the extent of the exposure, saying that the number of accounts so far confirmed was around half of the reported 419 million. It added that many of the entries were duplicates and that the data was old. “The dataset has been taken down and we have seen no evidence that Facebook accounts were compromised,” a Facebook spokesperson told AFP.

Read more …

We can not stop ourselves.

Plastic Pollution Has Entered The Fossil Record (G.)

Plastic pollution is being deposited into the fossil record, research has found, with contamination increasing exponentially since 1945. Scientists suggest the plastic layers could be used to mark the start of the Anthropocene, the proposed geological epoch in which human activities have come to dominate the planet. They say after the bronze and iron ages, the current period may become known as the plastic age. The study, the first detailed analysis of the rise in plastic pollution in sediments, examined annual layers off the coast of California back to 1834. They discovered the plastic in the layers mirrors precisely the exponential rise in plastic production over the past 70 years.

Most of the plastic particles were fibres from synthetic fabrics used in clothes, indicating that plastics are flowing freely into the ocean through waste water. “Our love of plastic is being left behind in our fossil record,” said Jennifer Brandon, at the Scripps Institution of Oceanography at the University of California San Diego, who led the study. “It is bad for the animals that live at the bottom of the ocean: coral reefs, mussels, oysters and so on. But the fact that it is getting into our fossil record is more of an existential question. “We all learn in school about the stone age, the bronze age and iron age – is this going to be known as the plastic age?” she said. “It is a scary thing that this is what our generations will be remembered for.”

Many millions of tonnes of plastic are discarded into the environment every year and are broken down into small particles and fibres that do not biodegrade. Microplastics have been found everywhere from the deepest oceans to high mountains and even the Arctic air, showing pervasive pollution of the planet. Research is limited but eating plastic is known to harm marine creatures. Humans are believed to consume at least 50,000 microplastic particles a year through food and water. The health impact is unknown but microplastics can release toxic substances and may penetrate tissues.

Read more …

 

The Hong Kong government runs ads in the international press:

 

 

 

 

 

Home Forums Debt Rattle September 5 2019

This topic contains 14 replies, has 6 voices, and was last updated by  lasttwo 2 weeks ago.

Viewing 15 posts - 1 through 15 (of 15 total)
  • Author
    Posts
  • #49570

    Henri Matisse Bathers by a river 1909-16   • UK Government Gives Up Trying To Stop Brexit Delay Bill In Parliament (R.) • Bill Designed To Stop N
    [See the full post at: Debt Rattle September 5 2019]

    #49572

    lasttwo
    Participant

    john doe imho release the name of every single pervert. take their assets and give it to the victims. Turn them out for smokes in prison. let them have the experience they gave those girls and women — just a thought.

    #49573

    Dr. D
    Participant

    Yes, but they are not released en masse, to the public, they are PROSECUTED, as required by and through THE LAW, unless you prefer mob rule to courts, evidence, and procedures. Because if you do, be sure they will be coming for you next for some Post you wrote in 2004.

    #49574

    Dr. D
    Participant

    “John Doe Begs Judge Not to Name Names in Epstein Gal Pal Case (NYP)”

    Unfortunately, this is a problem. Now if they were suing John Doe, or charging him, that WOULD be public record and released. But if there are no charges and no legal interest, you should remain private. But how private? Since court documents ARE public, should the fact that you were the greengrocer for Jeffrey Dahmer taint your reputation? How are you related to his case? And I’m sure among the extensive black book, there ARE in fact many innocent people, caterers, golf partners, even friends who he hasn’t tried to compromise yet. Do they have rights? How is protecting their rights at all hurting the victims, who are not trying to sue those third parties they know nothing about?

    Well, they’ll have to hash it out. You can only tell this by having good faith in the spirit of the law, and executing competing interest as best you can. Really most of the law is this, and not usually the clear and exciting stuff.

    From the spin though, I’m guessing Doe is no innocent.

    “Erdogan Says It’s Unacceptable that Turkey Can’t Have Nuclear Weapons (R.)”

    They can have them. Everyone can. He would just need to do it. Certainly Israel and Pakistan don’t care about the law, so I don’t know what overlord he declares he’s still reporting to. NoKo never signed non-proliferation, so the West and their psychotic handmaidens have no legal right over their program at all. …As if the U.N., and international law, exist, ever existed, or anyone cares about it more than in posture. Lookin’ at you U.S. and Britain and your 15 illegal wars of aggression, including one against civilians in Yemen this very minute. Which country has used nuclear weapons specifically against a civilian targe that was surrendering: Turkey? Or the United States?

    “US Offered Millions in Cash to Captain of Iranian Tanker (AFP)”

    Speaking of no international law, the U.S., piracy on the high seas! Ah, but only in defense of an illegal blockade, which is a de facto act of aggressive war against a civilian population which is itself an international war crime. Impeachment anyone? Of course not! We would never, never impeach for illegally killing millions of people worldwide! That’s what you get medals for, silly-billy. Reported on by Rachel “Russia will shut off your heat” Maddow, Brian “beautiful bombs” Williams.

    BTW, clearly Trump is a Putin puppet to illegally embargo Russia’s regional ally at risk of re-starting the Syrian and thus the Third World War. The Russians are really tricky like that, attacking themselves where you’d never expect it.

    “400 Million Facebook Users’ Phone Numbers Exposed in Privacy Lapse (AFP)”

    Facebook collects the data, then hands it to China and the Deep State ‘by accident.’ Oopsie! Did I forward all top secret emails to my private bathroom server and CC’d every line to a Chinese company? My bad. China and the Deep State use it. The 4th Amendment and its principles become irrelevant in the merger of corporation and state. Democracy dies. No one goes to jail. Oh, except Assange. RussiaRussiaRussia.

    “Plastic Pollution Has Entered the Fossil Record (G.)”

    …Along with everything else, as EVERYTHING is in the fossil record. It’s called “Archeology.” Anyway, better tell Asia and Africa to knock it off, since almost all the ocean plastic comes from them. I’m sure they’ll listen tout suite.

    #49575

    zerosum
    Participant

    The USA news media is unbelievable on its silence.
    Only the USA can do illegal acts with no comments by the news media.
    Yet, …. they call out Iran for “blackmail” instead of denouncing USA and instead of encouraging for negotiation.

    • US Offered Millions In Cash To Captain Of Iranian Tanker (AFP)

    “State Department chief spokeswoman Morgan Ortagus hit back using Zarif’s exact words, accusing Iran of “outright blackmail” with its call for $15 billion from European powers to be paid back from Iran’s future oil sales.

    Iran says that, if it receives the credit line, it will come back into full compliance with a 2015 nuclear accord from which US President Donald Trump withdrew.”

    #49576

    zerosum
    Participant

    If you’re retired and got free time then you could read the latest on Brexit
    https://www.bbc.com/news/uk-politics-49588186
    Brexit: Bill designed to stop no-deal ‘will clear Lords’

    #49577

    lasttwo
    Participant

    Then lets hope the DA has the guts to prosecute, to the fullest extent, the people that abused the girls and women with Epstein. Then make the names public and share the assets amongst the victims and the rest of what I said earlier. Lets hope the DA is an angry women. Maybe there is a use for Kamala Harris after all. .I don’t mean the greengrocer but I do mean anyone from any of the three branches of government or law enforcement who turned a blind but well paid eye to the serial rape and abuse. but we all know better it will all be hidden and covered up and lied about unless it will make for a diversion of some other horrific screwing of the 99%

    #49578

    John Day
    Participant

    http://www.johndayblog.com/2019/09/gray-champions.html
    With your leave, I will advance a thesis that we can look at “history rhyming” within a generational framework, which has periodic growth decay, crisis and restructuring, 4 seasons: summer, fall, winter and spring.
    This is not a new model of looking at history, and any good model can have great utility going into a historical epoch.
    The Bolshevik Economist, Nikolai Kondratiev postulated waves of economic/financial cycle, posthumously named “Kondratiev Waves” (“K-waves”) in his honor, after Comrade Stalin found them to be counter-revolutionary or something, https://en.wikipedia.org/wiki/Kondratiev_wave

    A more recent adaptation of generational cycles of history is that of American authors, Strauss and Howe, who wrote “Generations” and “The Fourth Turning” in the 1990s.
    Basically, there are 4-generational cycles of crisis, rebuilding, health, decay and again, crisis.
    I’m a “baby boomer”, which is a “prophet generation”. My kids are millennials, “hero generation”.
    It is a little hard to find a likable explanation of this theory, but this guy does pretty well.
    https://medium.com/@moshemodeira/strauss-howe-generational-theory-is-the-closest-thing-we-have-to-a-crystal-ball-part-1-f9bc21e3fc75

    The military industrial complex swallowed Red-Riding-Hood’s Grandmother and the economy.
    There’s no way out, and the wolf is dying of peritonitis. The vast “hidden spending” is not even included here.
    ​ ​In the almost 12 hours of Democratic Party presidential primary debates on June 26-27 and July 30-31, the words “Pentagon budget” or “defense spending” were not uttered, except for a fleeting, unanswered comment from Senator Bernie Sanders. (Hmmm, Tulsi Gabbard?)
    C:\Users\Winslow Wheeler\Documents\1 President Campaigns and Politics\2020\PastedGraphic-3.png
    … Fo​r 65 years the military budget’s inexorable expansion has not been controlled by the dramatic changes in America’s actual national security needs but by political and independent cash flow demands from inside the Pentagon, Congress, industry, and think tanks.
    ​ ​Secondly, we need to recognize that this inexorable money growth has shrunk our forces and weakened their capabilities so dramatically that today we would be utterly unready for and incapable of supporting–much less winning–Korean or Vietnam war sized campaigns. War with Iran would be disastrous according to insightful current military assessments.
    ​https://www.counterpunch.org/2019/08/30/bankrupt-and-irrelevant-the-presidential-debates-and-four-recent-studies-on-pentagon-spending/

    The promises of a better future down this road are what politicians have to sell, no matter what they see themselves. I personally think the things Bernie Sanders proposes are dual-use, such as a government jobs program, which is currently needed, and will be needed worse in the next financial crisis, which won’t be papered over. Bernie Sanders is an archetypal Gray Champion, focused more on building and protecting than on battle. I am coming to think that he could actually work well within the country, while Trump fights global trade war. Sanders has said a lot of bad things about Trump, but both men have long personal histories, which show that they don’t dwell on such things when there are deals to make, neither of them… (Yeah, Biden is “gray”, but he’s a senile, corrupt pedophile, washed-up.)
    A few highlights from the Democratic Climate Town Hall statements last night:
    ​ ​“The truth is it costs a lot more to build a new nuclear plant today than it does to build solar or wind,” said Sanders at the town hall. “I think it is safer and more cost-effective to move toward sustainable technologies like wind, solar and geothermal.”
    ​(Nuclear reactor retirement and failure costs are infinite.)
    ​ ​Biden also noted that he plans to double the rate at which the U.S. is currently installing solar and wind. In 2018, according to Wood Mackenzie Power & Renewables, the U.S. installed about 10.7 gigawatts of solar, a decline of 2 percent from additions in the previous year. The wind industry is slated to install 11.9 gigawatts in 2019 and 14.6 gigawatts in 2020.
    ​ ​Several candidates, including Biden, Warren, Harris and South Bend, Indiana Mayor Pete Buttigieg, also floated plans for drastically increasing electric vehicles and charging infrastructure.
    ​ ​The Green New Deal — which many candidates credited for the very existence of a televised climate-focused town hall — also featured prominently, with candidates promising millions of good-paying jobs and support for marginalized communities that have faced disproportionate impacts from pollution and climate change.
    https://www.greentechmedia.com/articles/read/clean-energy-highlights-from-cnn-climate-town-hall#gs.14yt85

    #49580

    From yesterday’s thread:

    V. Arnold,

    I’ve been sharing a lot of Brando and Ali videos lately with a dear friend in the US. Unfortunately, there is not an endless supply of those. And yes, both men were exceptional in their craft as well as their intelligence and courage.

    (Come to think of it, I don’t know if they ever met).

    But they are the kind of people a nation needs, because they build awareness and conscience, and courage in the rest of the population.

    Who is there now that you could compare to either, or to MLK, MalcolmX?

    I know who: Julian Assange, Chelsea Manning, and Jeremy Hammond, the “Stratfor hacker” who just got sucked into that vortex again after serving an almost full 10-year sentence.

    See, I think the question is: if Muhammad Ali were the champ today, and spoke out now the way he did in the 1960s, what do you think the odds are he would ever box again?

    You know, vs the odds he’d be in prison for the rest of his life?

    #49582

    Also, on a much unhappier note, Google appears to step up its efforts to de-bank or de-monetize the Automatic Earth. We’re down 90% easily by now.

    Over the past while, I’ve been receiving no-reply mails such as this one today:

    AdSense

    That’s a screenshot, so you can’t click it, but believe me, every time I click the first link, “AdSense Policy Center”, I get a screen that says:

    “We apologize for the inconvenience, but we are unable to process your request at this time. Our engineers have been notified of this problem and will work to resolve it.”

    The other links lead to never ending pages of ‘policies’ which would only lead me to guess blindly which one would apply to us.

    Meanwhile, TAE revenue has gone down even more. 1000s of visitors, but ad revenue now down by 90+%. And you know, I can’t ask these people what it is I violate, because they hide behind a no-reply mail address and they tell me nothing. Same thing as when Facebook shut our account there.

    I literally have zero idea what we are accused of doing in both cases. I could venture a guess, but what use is that?

    Should I write an article about this? Maybe. For now, I’m thinking about how things have changed since we started in Jan 2008 and Google and Facebook could not do these things to people like us. They can now, that much is obvious.

    But yeah, very much yeah!, if you appreciate what you read here every day, do become a subscriber to the Automatic Earth through Paypal, and/or a patron through Patreon, details all at the top of the sidebars on the site, because this is not going to last much longer the way it’s going.

    #49584

    Doc Robinson
    Participant

    every time I click the first link, “AdSense Policy Center”, I get a screen that says: “We apologize for the inconvenience, but we are unable to process your request at this time.

    FWIW, a page in AdSense Help gives this advice about that problem:
    “Make sure you aren’t using any sort of VPN to access your account and turn off any ad-blockers, security, or privacy plugins when trying to access pages in your AdSense account.”

    #49585

    Doc Robinson
    Participant

    Brando and Ali with others

    #49587

    Yeah, let’s find excuses for Google not to communicate with people who make them money.

    #49588

    lasttwo
    Participant

    Well there are many parks and roads and public lands that were built by the ccc and the wpa. Probably better than people starving in the streets. And I think you are correct John for lack of a better term we are facing the fourth turning and corruption and manipulation of our corporations and governments have reached the point where the greed will become our undoing. the media has become babel and to Rauls point the hero’s are silenced. There is no longer a collective consciousness in journalism so even if Ali or Brando did talk his words would be lost in the babel of the fake news information age. By the time his words were repeated and massaged he would appear to be an insane person. Too much boxing for the old boy wouldn’t you say? Why Mr Brando has appeared to lose his mind over having a wounded knee or something. I am afraid for the future of what we have become/ I want to believe that we are capable of solving the problems of the future and we are but not if a few greedy people control the means to solve them . On another more positive note our solar panels have produced 6 MWH since april 18th Our all electric for our home and small shop has been supplied and our power bill for the last 2 months in negative 92 dollars. way better than money in the bank. but as we sit here right at this very moment there is a power outage and my grid tied system leaves us sitting in the quiet of no power while generating 6.7 kwh of electricity every hour that goes nowhere. just came back on

    #49591

    lasttwo
    Participant

    never mind I will trust it went where It was suppose to

Viewing 15 posts - 1 through 15 (of 15 total)

You must be logged in to reply to this topic.