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[World] Luther Strange Alabama Roy Moore Lies and Mistruths

The Alabama special Senate race Tuesday night for Jeff Sessions' vacated seat has attracted national attention after President Trump campaigned for his candidate of choice.

Published:9/26/2017 8:48:46 AM
[7e71ff0e-7cbf-4ce9-9fda-a05810944e23] NFL anthem controversy: Does the left ever want to win elections again? For all of Donald Trump’s often baffling social commentary, he could not have asked for better opponents in an ongoing culture war that has the political left crying foul Published:9/26/2017 8:48:45 AM
[Entertainment] The Real Housewives of Dallas' Shocking Hot Mic Moment Explained? LeeAnne Locken, Brandi Redmond and Cary Deuber Speak Out Real Housewives of DallasThe Real Housewives of Dallas had perhaps one of the most shocking hot mic moments ever. Yes, even more shocking than all of Tom D'Agostino's hot mic moments on The Real Housewives of New...
Published:9/26/2017 8:48:44 AM
[The Blog] The ACLU has a problem with the police using drones

They must be doing something right

The post The ACLU has a problem with the police using drones appeared first on Hot Air.

Published:9/26/2017 8:48:44 AM
[Politics] Daily Presidential Tracking Poll

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 42% of Likely U.S. Voters approve of President Trump’s job performance. Fifty-six percent (56%) disapprove.

The latest figures include 25% who Strongly Approve of the way the president is performing and 47% who Strongly Disapprove. This gives him a Presidential Approval Index rating of -22. (see trends).

Regular updates are posted Monday through Friday at 9:30 a.m. Eastern   (sign up for free daily email update).

Published:9/26/2017 8:48:44 AM
[Markets] U.S. stocks open higher in rebound from recent dip U.S. stocks open higher in rebound from recent dip Published:9/26/2017 8:48:44 AM
[Business] One Trader Warns "There's A Serious Amount Of 'Scary' Out There"

By all appearances it seems the market has now reduced the half-life of global nuclear armageddon threats to around 20 hours as Gold's gains have been erased overnight and USDJPY retraced its losses...

Which is not surprising given the new normal's continued bulletproof markets. However, as former fund manager Richard Breslow discusses today, at some point these now-ingrained biases - this expectation that every dip is a buy, no matter what - may be set for a challenge as he reminds raeders "you know what they say happens when you assume."

Via Bloomberg,

We’re getting some jockeying of positions as befits the lead-up to the start of the fourth quarter. And it’s happening with a very confused and confusing backdrop of conditions tugging in different directions. It will be especially important to avoid assuming the same causality in every trade. We will get meaningful periods of risk on or off, but that isn’t what we’ve been experiencing. Certainly not yet.

The S&P 500 begins today within a stone’s throw of all-time highs. If you hate it, you haven’t missed the trade. If you like it, there’s plenty of technical indicators telling you it has still avoided doing anything wrong. The Korean won and Kospi index have ceded some ground but are trading, in orderly markets, at very familiar levels. They too have oodles of chart points to tell you when it’s time to panic. And if you think potential gap risk is too great, you shouldn’t be running the position to begin with.

 

So on the one hand, you have a global economy putting up some decent numbers. And when that’s a global phenomenon, it can be contagious.

 

On the other hand, there’s a serious amount of scary, or at the very least, disappointing, happenings out there.

 

So what will it be? Look on the bright side or embrace your inner disgust? One thing you should know at this time of year is that there will be serial overshoots in price action and you’ll need to decide just what a particular day’s movements actually signify -- opportunity to fade or trend extension. Take today’s move in kiwi as a good example where both sides of that question can be reasonably argued.

 

We often marvel at the difficulty markets have putting a price on geopolitical risk. Especially in a central bank world where they are only too happy to write puts for you. But trust me, very few of us really have any clue about North Korea or Kurdistan. Even easy ones like Venezuela keep tripping up smart people.

 

And now there is one new known unknown that, in theory, we should be pretty good at trying to analyze, and that is Sunday’s election results in Germany. I’m watching in fascination how investors take it. With remarkable sanguinity so far. But it’s no mean feat putting together a coalition with potential partners whose make-or-break conditions will undoubtedly affect European fiscal integration, energy policy, migration and a whole lot more. Including how the ECB tiptoes toward tapering.

 

This is a really big deal, no matter how you score it. Is Germany Europe? Will this make burden-sharing DOA or ultimately open the door? There are countless portfolios constructed with a view about the economy, central bank intentions and policies that will either be reinforced by business as usual or shot to pieces. What an interesting issue to contemplate as you await quarter-end rebalancing and the technical support the euro is trading right on top of.

But don’t ignore it: global markets are highly correlated no matter what anyone says and bund yields now trade back below 40 basis points. Which is something really important to contemplate as we anxiously await Chair Yellen’s speech on inflation, uncertainty, and monetary policy.

So all eyes on 1245ET with a view to what happens next...

Published:9/26/2017 8:48:44 AM
[Quick Takes] Equifax CEO Resigns After Huge Data Breach The breach exposed personal info of almost 150 million Americans. Published:9/26/2017 8:48:44 AM
[Arctic] Plastic is so cool! “Plastic chunks on Arctic ice show how far pollution has spread.” Ohhhhhh noooooooo!!! Guest ridicule by David Middleton The Grauniad: The gift that keeps on giving! A British-led expedition has discovered sizeable chunks of polystyrene lying on remote frozen ice floes in the middle of the Arctic Ocean. The depressing find, only 1,000 miles from the north pole, is the first made in an area that was previously… Published:9/26/2017 8:48:44 AM
[Science] Steve Bannon: NFL players should take a knee and 'thank God' Trump is president "He has saved this country so much grief. He has done such a tremendous job with virtually no help," Bannon said. Published:9/26/2017 8:48:44 AM
[The Declaration] Ever Wonder What Sean Hannity Does During Segment Breaks? People Can't Stop Watching This We didn't see this coming. Published:9/26/2017 8:48:44 AM
[In The News] Trump pushes for ‘no kneeling’ rule in NFL

By Rich Mitchell

President Donald Trump continued his defense of the flag, anthem and American national pride saying that the NFL should create a rule to prohibit unpatriotic and disrespectful protests by players. “The NFL has all sorts of rules and regulations,” he posted to Twitter. “The only way out for them is to set a rule that you can’t kneel during our National Anthem!” This came about 2 hours after a tweet saying that the Dallas Cowboys mid-field kneel before the anthem was “progress.” “But while Dallas dropped to its knees as a team, they all stood up for our National Anthem. Big ...

The article Trump pushes for ‘no kneeling’ rule in NFL is original content from Conservative Daily News.

Published:9/26/2017 8:48:44 AM
[TC] Amazon adds Alexa voice control to the Amazon Music app  Amazon today is bringing Alexa to the Amazon Music app on iOS and Android, allowing listeners to use voice controls with their music. The feature is available in the U.S., U.K., Germany and Australia, the company says, and will let users do things like request a song, artist, or music for various activities or moods, like “road trips” or “running,” – the same as… Read More
Published:9/26/2017 8:48:44 AM
[US Politics] San Juan Mayor Carmen Yulín Cruz: ‘We need to get our s*it together because people are dying’

San Juan Mayor Carmen Yulín Cruz gave an emotional interview to CBS News a few minutes ago where she talked about the logistical challenges of getting aid into the hands of the people who need it around Puerto Rico. At the 1:07 mark she bluntly says, “I’m going to say it and you can bleep […]

The post San Juan Mayor Carmen Yulín Cruz: ‘We need to get our s*it together because people are dying’ appeared first on twitchy.com.

Published:9/26/2017 8:48:44 AM
[PAID] Equifax CEO Smith to Exit Following Big Data Breach Equifax Chief Executive Richard Smith is leaving the credit-reporting company after a massive data breach under his watch exposed the information of about 143 million Americans. Published:9/26/2017 8:48:44 AM
[] Mid-Morning Open Thread St. Peter In Prison Rembrandt Harmenszoon van Rijn If you're going to take a knee, have a good reason.... Published:9/26/2017 8:48:44 AM
[World] Health Care Senate Mitch McConnell Ingraham Cant Lead Stop Promising

Laura Ingraham came down hard on Senate Majority Leader Mitch McConnell as the latest GOP health bill looks headed for failure once again.

Published:9/26/2017 8:19:20 AM
[World] The Glee over the Uber Ban Reveals How Corbyn's Economic Policy Would Work

Ryan Bourne

On Uber, reactions speak louder than words. Set aside for a moment the issue of Uber’s compliance with the Transport for London (TfL) rules, and whether revoking their licence was justified or proportionate.

The celebratory tone of the supposed “labour movement” to news that 40,000 contractors will see their main source of income effectively banned (a higher number than employed in the much-discussed steel industry) was far more eye-opening, and should lead many to question the hard left’s true concern for “workers”.

In fact, this whole episode has offered a revealing insight into how a Corbyn-governed Britain might operate when it comes to business and the labour market.

The willingness to revoke licenses and stop businesses operating at short notice creates substantial uncertainty, deterring investment and innovation.

First, there’s the obvious: the unions running riot. Delirious from this “victory”, the general secretary of the Trade Union Congress, Frances O’Grady, tweeted chillingly: “Firms have a choice. Sit down with us and work out a fair deal for workers. Or end up in court and all over the front pages. #Uber”.

Never mind that Britain has a labour market with low levels of unemployment and a high number of vacancies — suggesting workers have market power and choices available. Under a Corbyn government, emboldened unions would use their bullying tactics to narrow that choice to firms where they consider strong “rights” available, no doubt shaped by existing models of employment.

In other words, in truly Orwellian double-speak, we’ll see unions who purport to care about workers’ rights — apart from the right to work for the company you want to.

Second, there’s the complete disregard for consumers.

Perhaps I’ve missed it, but I’ve yet to hear one Labour supporter of the TfL decision acknowledge that it could have a downside for the public who actually regularly need to get around London.

While most economists would weigh up the impact of any intervention using a cost and benefit analysis, including the impact on prices and availability for customers, the Corbynistas only seem to see things through the lens of the incumbent producers. Hence the obsession with “stopping undercutting of workers”.

This would no doubt permeate other aspects of their economic programme, with more in the way of protectionism for beleaguered industries on arbitrary “quality” grounds, and an opposition to expansive liberalising trade deals. The result? Higher prices, and a less dynamic economy.

Third, there’s the reach for the nationalisation of everything. In the aftermath of the Uber decision, some Corbynistas are already urging TfL to create what is in effect a publicly-owned, or “mutually-owned, publicly-backed”, version of Uber called “Khan’s Cars” — a play on the “Boris bike” scheme. Talk about reinventing the wheel (or, rather, the app).

Far from viewing the role of government as to supply only what cannot be provided efficiently by the market, these guys reach for the state as the first resort for provision.

And to what end? Uber was innovatively providing its service cheaply to Londoners, with some critics even claiming it was subsidising journeys to encourage use. So either a publicly-owned scheme would be more expensive for consumers, or else it would instead be subsidised by taxpayers — increasing the tax burden further for no good reason beyond an ideological pet project. Wasteful spending would proliferate.

Fourth, and perhaps most worrying, is the arbitrary nature of the views held by Corbynistas about why Uber shouldn’t be able to operate, and what this would therefore mean for the role of government.

TfL had specific concerns (at least in the public reasoning for its decision) about Uber’s reporting of criminal offences and the use of its controversial “Greyball” technology.

But others have since thrown in other gripes, egged-on by the black cab trade, for why Uber should be banned — from its role increasing congestion, to its contractor model and tax structure. The well-connected Corbynista journalist Paul Mason even tweeted that Uber “erodes social capital” as an apparent reason to oppose its existence.

This arbitrary, rather than rules-based, decision-making leads both to emboldened vested interests (in this case, the black cab trade, which played on Labour gripes with Uber in their campaigning), and businesses second-guessing the ideological preferences of the government.

The willingness to revoke licenses and stop businesses operating at short notice creates substantial uncertainty, deterring investment and innovation.

But worse is the longer term consequence for remaining firms. Rather than spending time meeting the wants and needs of customers, companies would essentially become lapdogs to the Labour agenda — getting treats and tax breaks when they did something “progressive”, and the newspaper to the nose when they did not.

This is the ideal world, according to the anti-Uber Corbynistas.

Ryan Bourne occupies the R Evan Scharf Chair in the Public Understanding of Economics at the Cato Institute in Washington DC.
Published:9/26/2017 8:19:20 AM
[Political cartoons] How cartoonists are skewering Trump’s #TakeAKnee controversy
How cartoonists are skewering Trump's #TakeAKnee controversy

PRESIDENT TRUMP might fancy himself a lone star, but this week, even deep in the heart of a Texas team, they #TakeAKnee. It was last week at a rally in Alabama that Trump returned to his reality-show persona, this time turning his “You’re Fired!” catchphrase into blustering encouragement for NFL owners. He saved his profanity […]
Published:9/26/2017 8:19:19 AM
[The Blog] Question the timing? Cowboys add new wrinkle to (non-) anthem protest

Creativity.

The post Question the timing? Cowboys add new wrinkle to (non-) anthem protest appeared first on Hot Air.

Published:9/26/2017 8:19:19 AM
[Backwardation] Bill Blain: "Oil Could Change Everything"

Submitted by Bill Blain of Mint Partners

Blain's Morning Porridge: A Short Distraction In The Oil Market

Did I detect a distinct change in the market wind yesterday? There is a new freshening blow out the East. It feels like the world is changing: a slide in tech stocks and a wobble in sentiment, stronger oil prices and all the noise about Germany and where that leaves Europe, and Macron’s France’s dreams of Empire closer union.

Of course we still have all the usual worries, like North Korea saying Trumps twittering gives them carte blanche to shoot down American planes – which, to be honest, is unlikely because nobody is really that stupid… are they? And as Trump plays to red-neck sports fans, we also saw the death knell spike delivered on Obamacare reform. Then there is Spain vs Catalunya – perhaps a topic we should pay more attention to. And I think there was probably more news about Brexit, but to be honest I wasn’t paying attention and could not be ar**d to read about it. Bored of it. Get on with it.

As always, there is so much to think about.

Oil is one I’m watching closely because it’s the global commodity and market price that could change everything.

We’ve been arguing across the desk these past few years about whether $55-45 is the new normal range for oil, or do prices revert back towards $100? Some argue a stronger global economy means higher prices, others that the demand and supply dynamics have so fundamentally changed that a lower long term range is nailed-on for decades.

In this current rising oil phase – highest levels in over 2 years - prices have been driven higher on a number issues: concerns about Kurdistan supply (a whole can of worms in itself), OPEC generally sticking to cutting production, an uptick in anticipated demand from Asia and China in particular as it builds reserves, declining stockpiles, and the general sense the world is in recovery. That’s a long-term plus: as the global economy has “recovered” we’ve seen oil demand expand about 1.9%, while supply has lagged at 1.1% expansion. I’m seeing expressions like “rebalancing”, “turning a corner” and “price reversion” in the reports.

The fact China is supposedly building up strategic reserves as a hedge against future energy stocks is fascinating. But that’s a strategic rather than market issue. The FT reports one oil trader saying “China has helped to clean up the glut.”

Meanwhile, Bloomberg are looking to backwardation in the oil futures and predicting a potential scarcity of supply by 2019, quoting Citicorp reports on weak investment in new drilling. These sound like arguments for a higher long-term price – and all the implications that will have on global inflation.

But, the oil equation is a particularly interesting one in light of the “new-oil” revolution of the 2000s identifying new more efficient production methods and new sources – of which fracking, oil sands and shale were just part. The cost of oil has changed dramatically. In recent weeks we’ve seen US oil stocks back in vogue and a bright spot in stocks – they weathered the price crash, cut costs to the bone, and can now pump out as much oil as America needs at a far lower swing price.

Energy exports are underway – putting the US head-to-head with OPEC and its allies. The fact the US can profitably turn on the gas spigot whenever they like means they stand to benefit from any rally, and stem it. That puts the oil-funded spending junkies of OPEC at a chronic disadvantage. The old strategic oil imperatives change dramatically now the US is oil-independent and offering to supply core allies.

Of course there is always a rogue element in oil – for instance Iran, coming back on line after years of sanctions and able to produce at cheapest levels, while Saudi is so broke it just has to produce..  

As a story, oil has further to run. The issue for markets is how dramatically will higher oil prices impact inflationary expectations in the current rosy Macro world-view? That could solve the lack of inflation at a stroke – but probably push stressed full employment economies like the UK into stagflation.

Published:9/26/2017 8:19:19 AM
[Science] Employees worried VA used veterans as 'cash cows' to boost funding Several VA workers asked openly if the reconnection effort was mostly a drive to keep up funding levels, instead of helping veterans. Published:9/26/2017 8:19:19 AM
[Entertainment] These Once Upon a Time Season 7 Character Portraits Will Take Your Breath Away Once Upon a TimeYou've never seen your Once Upon a Time favorites quite like this! In advance of the ABC hit's rebooted seventh season premiere, the network's sharing some seriously...
Published:9/26/2017 8:19:19 AM
[Media] ‘For all its flaws …’ NYT op-ed on the upside of Communism met with HILARIOUS mockery

If you think there is an upside to Communism, at all, you’re doing it wrong. So it should come as no surprise that the New York Times released this op-ed: For all its flaws, the Communist revolution taught Chinese women to dream big https://t.co/Fci82iAPxM — NYT Opinion (@nytopinion) September 26, 2017 From the NYT: Researchers […]

The post ‘For all its flaws …’ NYT op-ed on the upside of Communism met with HILARIOUS mockery appeared first on twitchy.com.

Published:9/26/2017 8:19:19 AM
[Markets] Home-price gains accelerate in July Home-price gains accelerate in July Published:9/26/2017 8:19:19 AM
[Artificial Intelligence] Zoom brings a dash of augmented reality and artificial intelligence to meetings in latest release  At Zoomtopia, Zoom’s very first user conference this week, the company announced a series of enhancements to its popular meeting software including the introduction of augmented reality meetings, automated intelligent transcripts and full integration with several partners including Slack and Workplace by Facebook. Let’s start with AR. While it’s a limited feature for now, it… Read More
Published:9/26/2017 8:19:19 AM
[box office] ‘It’ Sequel Gets Release Date—We Have an Idea for a Title Here's when Pennywise will return. Published:9/26/2017 8:19:19 AM
[Politics] Trump Holds a Joint Press Conference with President Rajoy [Live Stream]

By Rich Mitchell

President Donald Trump will hold a joint press conference with President Mariano Rajoy of Spain. The press conference is scheduled to begin at 1:45 PM EDT.

The article Trump Holds a Joint Press Conference with President Rajoy [Live Stream] is original content from Conservative Daily News.

Published:9/26/2017 8:19:19 AM
[Politics] MUST WATCH: Otto Warmbier’s parents open up about N. Korea and their son’s death This morning Otto Warmbier’s parents opened up for the first time publicly about their son’s death. They describe what N. Korea did to him and the actual state he was in when . . . Published:9/26/2017 8:19:19 AM
[Politics] MUST WATCH: Otto Warmbier’s parents open up about N. Korea and their son’s death This morning Otto Warmbier’s parents opened up for the first time publicly about their son’s death. They describe what N. Korea did to him and the actual state he was in when . . . Published:9/26/2017 8:19:19 AM
[topics:in-the-news/brexit-negotiations] Donald Tusk warns Theresa May she has not done enough to break the Brexit deadlock Published:9/26/2017 8:19:19 AM
[World] Newt Gingrich on Hillary Clinton Saying President Trump Criticized Black Athletes

On "Hannity" last night, Newt Gingrich slammed Hillary Clinton for suggesting race played a role in why President Donald Trump criticized NFL players' national anthem protests.

Published:9/26/2017 7:50:19 AM
[Cartoons and illustrations] Gloria E. Anzaldua: Google Doodle salutes ‘Borderlands’ author who defied divisive bias
Gloria E. Anzaldua: Google Doodle salutes 'Borderlands' author who defied divisive bias

GLORIA E. ANZALDÚA did not abide border walls of the mind and map, but rather strode into those culturally fertile places that we simply cannot wall off. Anzaldúa traveled where true scholars do not fear to tread: Into the intellectual lands that seek not division, but common understanding. And so today, Google celebrates the late author […]
Published:9/26/2017 7:50:18 AM
[Markets] Apple's stock tries to snap losing streak as analyst boosts price target to $180 Apple's stock tries to snap losing streak as analyst boosts price target to $180 Published:9/26/2017 7:50:18 AM
[topics:people/cherie-blair] Tony Booth, Cherie Blair's father and Till Death Us Do Part actor, dies at 85 Published:9/26/2017 7:50:18 AM
[World] John Kasich refuses to say Trump leads the GOP "Obviously, the president is always viewed as being the titular head, but that doesn't mean I have to go along with that philosophy," Kasich... Published:9/26/2017 7:50:18 AM
[Politics] Is Football Falling As A Fan Favorite?

Football still reigns supreme as America’s favorite sport, but it appears to have lost fans over the last five years.

A new Rasmussen Reports national telephone and online survey finds that 41% of American Adults still say football is their favorite sport to follow, but that's down from 53% in November 2012 when we first asked this question. Only 12% now name “America’s pastime,” baseball, as their favorite, while just as many (12%) say basketball. Auto racing, tennis and soccer rate four percent (4%) support each, while three percent (3%) choose hockey and golf. Eight percent (8%) prefer some other sport. (To see survey question wording, click here.)

(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on or Facebook.

The survey of 1,000 American Adults was conducted on September 20-21, 2017 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Published:9/26/2017 7:50:18 AM
[Entertainment] Edie Falco's Best Roles From The Sopranos to Will & Grace and Beyond Edie FalcoEdie Falco has two Golden Globes and four Emmys, not that anyone's counting. Falco is making her return to TV in Law & Order True Crime: The Menendez Murders, premiering Tuesday, Sept. 26...
Published:9/26/2017 7:50:18 AM
[Uncategorized] Jared Kushner has Used Private Email Account to Conduct White House Business Do. Not. Use. Your. Account. Published:9/26/2017 7:50:18 AM
[Entourage] 9 Actors Who Could Star in the Show About Prince Harry and Meghan Markle Meghan Markle's ex-husband is turning her relationship with the prince into a new TV show. Published:9/26/2017 7:50:18 AM
[Automotive] Daimler answers Elon Musk’s Twitter challenge on EVs  Elon Musk uses Twitter to express his thoughts frankly and directly, and he just took issue with a USA Today story about the size of a rival automaker’s bet on electric vehicle technology. Musk noted that the reported $1 billion Daimler was spending on taking on Tesla was not enough for such a large company – and Daimler agreed. In response to Musk’s tweet that the $1… Read More
Published:9/26/2017 7:50:18 AM
[Around The Blogosphere] Puerto Rico’s Governor Dismantles Media Attacks on Trump’s Response to Hurricane Irma Published:9/26/2017 7:50:17 AM
[Alt-right] Angry Steve Bannon Blasts NFL And Mitch McConnell; Predicts "Day Of Reckoning" For Republicans

Last night, after a fiery campaign appearance for Judge Roy Moore in Alabama, former White House Chief Strategist Steve Bannon took to Fox News to lash out at everyone from NFL players taking a knee at football games to the "spineless" Republican establishment.  Here's a recap of the more salient points:

“If people in this country take a knee and the national football players want to take a knee, they should take a knee at night, every night, and thank God in heaven Donald J. Trump is president of the United States."

 

“He has saved this country so much grief. He has done such a tremendous job with virtually no help."

 

"I stepped out to make sure that Mitch McConnell and the Republican establishment start to have a Republican back.  Mitch McConnell wouldn’t be majority leader if Donald Trump didn’t drag half a dozen senators across the goal line in November."

 

"So it's time for the Republican establishment to step up and have the back of President Trump."

Meanwhile, as Politico notes, Bannon's comments on Fox News were somewhat tame compared to the verbal lashing he levied upon McConnell and crew at Moore's campaign event in Alabama.

“For Mitch McConnell and Ward Baker and Karl Rove and Steven Law — all the instruments that tried to destroy Judge Moore and his family — your day of reckoning is coming,” Bannon said, referring to the Republican Senate leader and a trio of prominent GOP strategists backing incumbent Sen. Luther Strange. “But more important, for the donors who put up the [campaign] money and the corporatists that put up the money, your day of reckoning is coming, too.”

 

Bannon said mainstream Republicans behind Strange's campaign regard Alabama voters as “a pack of morons. They think you’re nothing but rubes. They have no interest at all in what you have to say, what you have to think or what you want to do. And tomorrow, you’re gonna get an opportunity to tell them what you think of the elites who run this country!”

 

“Mitch McConnell and his permanent political class is the most corrupt, incompetent group of individuals in this country!” Bannon said to loud applause.

Of course, if you believe the polls then it's looking increasingly likely that Bannon's candidate, Roy Moore, will score an easy victory in tonight's runoff election.

RCP

Published:9/26/2017 7:50:17 AM
[Science] Most support a corporate tax cut if it boosts US competitiveness: Poll Most voters are interested in cutting corporate tax rates if doing so would help American companies compete with their foreign counterpar... Published:9/26/2017 7:50:17 AM
[Entertainment] ‘X-Files’ actors use #TakeAKnee protest to promote upcoming season which is filming in Canada

It appears the #TakeAKnee protests from this weekend’s NFL games have spread to Hollywood. Here’s Gillian Anderson with her “X-Files” castmate David Duchovny: #TheXFiles #TakeAKnee pic.twitter.com/65GJiBAOsl — Gillian Anderson (@GillianA) September 26, 2017 Duchovny posted the same photo: #TheXFiles #TakeAKnee pic.twitter.com/QvhtQ9aF0R — David Duchovny (@davidduchovny) September 26, 2017 We particularly like that the sci-fi duo […]

The post ‘X-Files’ actors use #TakeAKnee protest to promote upcoming season which is filming in Canada appeared first on twitchy.com.

Published:9/26/2017 7:50:17 AM
[World] Luther Strange Alabama Roy Moore Most Frustrated Person Senate

Polls will open today for the GOP runoff election for Jeff Sessions' Senate seat, a race that has attracted attention given President Trump's interest in it.

Published:9/26/2017 7:19:51 AM
[topics:places/israel] Three Israelis killed by Palestinian gunman in settlement near Jerusalem Published:9/26/2017 7:19:50 AM
[Politics] Trump Praises Dallas Cowboys for Standing During National Anthem: ‘Big Progress Being Made’

President Donald Trump praised the Dallas Cowboys Tuesday for rising for the national anthem before their Monday night game against the Arizona Cardinals.

The post Trump Praises Dallas Cowboys for Standing During National Anthem: ‘Big Progress Being Made’ appeared first on Washington Free Beacon.

Published:9/26/2017 7:19:49 AM
[Politics] Will NFL Demand Respect for Old Glory? By Patrick J. Buchanan

"America refuses to address the pervasive evil of white cops killing black men, and I will not stand during a national anthem that honors the flag of such a country!"

That is the message Colin Kaepernick sent by "taking a knee" during the singing of "The Star Spangled Banner" before San Francisco '49s games in 2016. No NFL owner picked up his contract in 2017. But a few players began to copy Colin and to "take a knee."

Published:9/26/2017 7:19:49 AM
[Markets] Ann Taylor parent Ascena shares surge 15% as analysts weigh in on earnings Ann Taylor parent Ascena shares surge 15% as analysts weigh in on earnings Published:9/26/2017 7:19:49 AM
[World] Experts: North Korea lacks ability, intent to attack US planes They view the remark by North Korean foreign minister and a recent propaganda video simulating such an attack as tit-for-tat responses to fi... Published:9/26/2017 7:19:49 AM
[Entertainment] Jennifer Aniston, Alec Baldwin, Jennifer Lawrence, Gwyneth Paltrow and Emma Watson Read Mean Tweets on Jimmy Kimmel Live! Mean Tweets, Jimmy Kimmel LiveTwitter has too many twit-wits. "When it comes to mean tweets, no one touches our President [Donald Trump]," Jimmy Kimmel said in Monday's episode of ABC's Jimmy Kimmel...
Published:9/26/2017 7:19:49 AM
[Fundings & Exits] Vimeo acquires Livestream, launches its own live video product  After abandoning its plans to launch a subscription video-on-demand business earlier this year, IAC-owned streaming video site Vimeo announced today that it’s acquiring the live video streaming platform, Livestream, and launching its own live streaming product, Vimeo Live. The move to integrate Livestream’s technology into Vimeo will allow video creators to capture, edit, stream… Read More
Published:9/26/2017 7:19:49 AM
[The Blog] How Target wins the “Fight for 15”

The free market works its magic again

The post How Target wins the “Fight for 15” appeared first on Hot Air.

Published:9/26/2017 7:19:49 AM
[Tech] BMW 530e hybrid will get Wireless Charging Pad in 2018 BMW is the world first car manufacturer to offer a wireless charging pad for it electric powered hybrid cars. Published:9/26/2017 7:19:49 AM
[Science] John Kasich refuses say Trump leads the GOP Ohio Gov. John Kasich on Tuesday declined to say that President Trump is the national leader of the Republican Party. "In my mind?... Published:9/26/2017 7:19:49 AM
[Around The Blogosphere] Trump Has ESPN Thinking They’re Actually CNN Published:9/26/2017 7:19:49 AM
[Access Hollywood] Nancy O’Dell Already Sold This Pasadena House The 'Entertainment Tonight' co-anchor listed the resort-style abode less than a month ago Published:9/26/2017 7:19:49 AM
[Entertainment] ‘WAS educated?!’ Guy Benson OWNS Lebron James for dissing intelligence of Ohioan Trump voters

Seems Lebron doesn’t think much of some of his fans. LeBron on Ohioans who voted heavily for Trump: "I don't think a lot of people was educated." Yeah, good look, man. — Guy Benson (@guypbenson) September 26, 2017 ‘I don’t think a lot of people was educated’ … nice. "Was"? — Doc Washburn (@DocWashburn) September […]

The post ‘WAS educated?!’ Guy Benson OWNS Lebron James for dissing intelligence of Ohioan Trump voters appeared first on twitchy.com.

Published:9/26/2017 7:19:49 AM
[World] Sean Hannity at New Time With Interviews With Bill O'Reilly, Paul Ryan, Rush Limbaugh

Sean Hannity is kicking off his first week back in the 9:00 p.m. ET timeslot with a huge lineup of powerful interviews.

Published:9/26/2017 6:48:26 AM
[World] As senators defect, GOP concedes health bill's fate bleak WASHINGTON (AP) — Republican Sen. Susan Collins' decision to oppose the GOP push to repeal President Barack Obama's health care overhaul leaves the effort all but dead, with even party leaders conceding that their prospects are dismal. Published:9/26/2017 6:48:24 AM
[Entertainment] Will & Grace: 15 Karen Walker One-Liners That Are Even Funnier Today Megan Mullally, Will & GraceIt's Will & Grace week, honey! With just a few short days standing between us and the return of the beloved NBC sitcom after 11 long years off the air, our anticipation is...
Published:9/26/2017 6:48:24 AM
[Science] Trump makes final pitch for 'Big Luther' Strange in Alabama Senate election "Luther Strange has been shooting up in the Alabama polls since my endorsement. Finish the job - vote today for "Big Luther,"" Trump tweeted... Published:9/26/2017 6:48:24 AM
[worldNews] North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates SEOUL/BEIJING (Reuters) - North Korea has boosted defenses on its east coast, a South Korean lawmaker said on Tuesday, after the North said U.S. President Donald Trump had declared war and that it would shoot down U.S. bombers flying near the peninsula.
Published:9/26/2017 6:48:24 AM
[Quick Takes] Suspended Pro-Antifa Prof Reportedly Uses Communist Grading System “Few academic or professional endeavors are the result of individuals acting alone” Published:9/26/2017 6:48:24 AM
[Enterprise] ProsperWorks raises $53M for its G Suite-centric CRM service  ProsperWorks, a service that offers a set of Google-centric CRM tools, today announced that it has raised a $53 million Series C round led by Norwest Venture Partners, with participation from GV (the fund you probably still remember as Google Ventures). This new round brings the company’s total funding to $87 million, which, in ProsperWorks’ own words, makes t the “#1 funded… Read More
Published:9/26/2017 6:48:24 AM
[structure:news] The UK has got happier since the Brexit vote: Where does your area rank? Published:9/26/2017 6:48:24 AM
[American people of German descent] "Great Anger": Trump Slams NFL Whose "Ratings Are Way Down" After "Tremendous Backlash"

President Trump continued his feud with NFL "kneelers" for the fifth consecutive day, when early on Tuesday he tweeted that ratings for NFL games are "way down except before the game starts, when people tune in to see whether or not our country will be disrespected."

The president noted the boos heard when the Dallas Cowboys knelt before the national anthem Monday night saying there was “Great anger.” As shown last night...

... the Cowboys and owner Jerry Jones knelt before the anthem began, leading to boos from the crowd, but then stood as the anthem was sung.

Trump then said that "while Dallas dropped to its knees as a team, they all stood up for our National Anthem. Big progress being made-we all love our country!"

Following Trump's attack on Friday night in which he slammed on players who do not stand during the national anthem in which he said "wouldn't you love to see one of these NFL owners, when somebody disrespects our flag, to say, 'Get that son of a bitch off the field right now. He is fired", more than 200 players kneeled after his comments during games on Sunday.

“Tremendous backlash against the NFL and its players for disrespect of our Country,” the president tweeted Monday evening.

Meanwhile, Trump has been criticized for focusing on the NFL as Puerto Rico’s governor warns of a humanitarian crisis in the wake of Hurricane Maria. He mentioned the territory on Twitter late Monday for the first time since last Wednesday, saying it is in “deep trouble” while pointing to the island's vulnerable infrastructure and financial crisis.

Published:9/26/2017 6:48:24 AM
[Markets] Axovant shares tumble 70% premarket after late-stage Alzheimer's trial fails Axovant shares tumble 70% premarket after late-stage Alzheimer's trial fails Published:9/26/2017 6:48:24 AM
[Markets] Need to Know: Why tech bulls need to step up big time today An early-week pullback for tech stocks may have left investors a bit stymied. Sure, it’s just one day and North Korea had something to do with the jitters, but our call of the day says bulls need to step up.
Published:9/26/2017 6:48:23 AM
[Headlines] Protesters, beware: Americans adore the flag Old Glory is almost certainly the most honored flag in the world. The late political scientist Samuel Huntington marveled at its place in our national life: We pledge allegiance to it. The national anthem celebrates it. An incredibly elaborate code … Continued Published:9/26/2017 6:48:23 AM
[World] 'Big Bang Theory' premiere recap: Did Sheldon put a ring on it? Sheldon and Amy weren't the only ones with big news, though.
     
 
 
Published:9/26/2017 6:18:39 AM
[FB] Facebook And Russia Published:9/26/2017 6:18:39 AM
[Tech] Google Pixel 2 & Pixel XL 2 – Arriving October 4th Google’s new flagship smartphones will look similar to the previous handhelds. Published:9/26/2017 6:18:38 AM
[source:wirecopy] Sadistic killer caught on camera torturing victim jailed for at least 39 years Published:9/26/2017 6:18:38 AM
[Across the Curve] Euro Tumbles Ahead Of Yellen, Macron Speeches As Stocks Shake Off Korean Crisis

S&P futures are flat after Monday’s drop in the S&P 500 where a rout in Apple weighed on tech companies and tensions with North Korea persist; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the French president.

At 12:45pm ET Janet Yellen is due to speak at an economics conference in Cleveland on the topic of "inflation, uncertainty and monetary policy", while other U.S. and European central bankers will also offer more clues to the path of monetary policy. Investors will be parsing Yellen's words for clues on whether the U.S. central bank will stick to plans to raise interest rates in December. “Investors are not fully up to speed with the risk of hawkish signals from Fed officials,” Mizuho strategist Antoine Bouvet said. “The Fed is back in a situation where it would want to show optimism at the very least, and the market should be pricing in more hikes in the coming months and quarters than it is currently.” Money markets currently point to a 70 percent chance of a hike in December but only a 20% chance of a further hike in March 2018, and just under 3 rate hikes for the next two years.

Another big speech on today's calendar will be delivered by French president Emmanuel Macron: it is being billed as a big Euro integration platform, although it comes as a bad time, just 2 days after Merkel's ability to embrace the idea has taken a set-back. Looking at what’s expected from Macron, the press have suggested that the speech will include plans for a permanent finance minister for the euro area, a euro area  budget worth several percentage points of aggregate GDP and a “European Monetary Fund”. As if to acknowledge the necessity of progress, German Finance Minister Schaeuble recently reciprocated, saying he intends to publish proposals for a reinvigorated ESM shortly after the election. We will see if the German election result cautions either. After the dust settles in Germany, the rush to integrate may need to slow. Merkel’s room for manoeuvre on conditionality just got narrower, meaning progress towards integration will likely be slower and the scale of common resources agreed will likely be more limited.

While global equities were mostly flat, the big movers overnight were the rising dollar, and the sliding euro. Indeed, as Bloomberg notes, markets attempted to stabilize as investors digested a host of catalysts from North Korean war threats and central-bank policy to tailwinds for oil and the aftermath of the German election.

The euro tumbled below $1.1800, its weakest since August 25, sliding below its 55-DMA for the first time in 5 months, as investors continued to unwind long positions, with fresh tactical selling pressure setting in ahead of Yellen's speech. What started off as a knee-jerk reaction after the German election now appears to have become a broader hit on euro bulls’ conviction. Concern that the European Central Bank may not shed sufficient light on stimulus tapering even at its next meeting is weighing on the sentiment, amid growing speculation that the $1.20 level marks the limit of the central bank’s tolerance for gains in the common currency for now, Bloomberg notes. Additionally, the euro’s inability to stage a significant rally during the most recent war of words between the U.S. and North Korea also raised doubts whether it can re-test $1.20 level soon enough.

The good news for Europe is that a weaker euro automatically meant higher European stocks, and the Stoxx 600 was trading about 0.2% higher at publication time after opening in the red.  In terms of sector specific performance, healthcare names sit at the bottom of the pack with Swiss heavyweight Roche trading lower after being downgraded at Exane. To the upside, energy names lead the way higher amid yesterday’s surge in crude prices, with RBC’s downgrade of Total failing to place too much pressure on the sector.

There was no further reaction in Asia trading hours to the most recent threats from North Korea, and the risk-off moved quickly stalled (though it has not yet been reversed). The general feeling in Asia is that this is simply further noise – although as Citi notes some spooky parallels have been drawn with the infamous 1969 EC-121 shoot-down incident, when NK did shoot down a US reconnaissance plane, and Nixon resisted the urge to hit the big red button. Asian stocks fluctuated without clear direction with neither large gains or losses across the the main indexes. The Korean Kospi was modestly lower as won drops following latest escalation in U.S.-North Korea rhetoric.  Yesterday's Nasdaq rout pressured ASX 200 (-0.22%) and Nikkei 225 (-0.33%), although strength in energy names following a 3% rally in crude later helped stem downside in Australia. Hang Seng (+0.05%) and Shanghai Comp. (+0.06%) also conformed to the lacklustre, indecisive tone amid a lack of drivers and a weaker PBoC liquidity operation.

As the Euro fells, the dollar strengthened against most G-10 peers as recovery from the multi-year low hit earlier this month continues. The New Zealand dollar underperformed after business confidence plunged to a two-year low. The pound briefly supported as EUR/GBP cross breaks through yesterday’s session low. Treasuries edge lower from overnight highs, initially spurred by North Korean risks. Yields marginally higher across the curve, long-end flattens with most participants eagerly awaiting Yellen speech for hints on next policy direction

Meanwhile safe havens such as gold took a breather. The yellow metal and the Swiss franc pared some of yesterday’s gains, which followed North Korea’s declaration it could shoot down U.S. warplanes. WTI crude fell, but remained close to a five-month high after also surging on Monday as Turkey threatened to shut down Kurdish crude shipments.

In bigger picture terms, markets continue to oscillate between risk-on and risk-off stances since early August as tensions simmer on the Korean Peninsula. Equities have edged away from recent record highs as the U.S. and North Korea trade threats, and now an assortment of global political risks look set to further cloud the outlook.

“I think we have a classic case of risk-on, risk-off across markets,” said Saxo Bank’s head of FX strategy, John Hardy. “There is a lot being attributed to North Korea but I think there are a lot of other factors here,” he added, citing the drop in Apple and big U.S. tech stocks and the weekend German elections that saw a far-right party enter parliament.

The yen, which traditionally performs strongly in jittery markets, was beginning to fade meanwhile having gone as high as 111.550 yen to the dollar as gold also dropped off a 1-week high it had hit on Monday. That came after North Korea’s foreign minister said a tweet by U.S. President Donald Trump that “little Rocket Man” might not be around for too long amounted to a declaration of war.

The bond market’s reaction to the latest escalation in tension between North Korea and the U.S. proved short-lived. Yields on U.S. Treasuries and German Bunds fell to a day’s low follow North Korean Foreign Minister’s Ri Yong Ho comments on Trump’s tweet. Both traded back up early on Tuesday in what analysts say reflects a widespread belief that diplomacy will prevail. All other euro zone bond yields were also a touch higher.

A rise in oil to a 26-month high, which bolsters inflation, and an upcoming sale of two-year German debt should also keep upward pressure on yields. Brent crude futures dipped fractionally to $58.85 a barrel, having earlier hit $59.49, the highest since July 2015 and more than 34 percent above the 2017 low. The rise was supported by Turkey’s threat to cut crude exports from Iraq’s Kurdistan region as well as signs that market rebalancing is accelerating. Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline that carries 500,000-600,000 barrels of crude per day from northern Iraq to the Turkish port of Ceyhan, intensifying pressure on the Kurdish autonomous region over its independence referendum.

Alongside geopolitics, this week’s bevy of central bank speakers continues to offer more clues to the path of monetary policy and the fate of stimulus. It’s Federal Reserve Chair Janet Yellen’s turn on Tuesday, who will weigh in as policy makers continue to disagree on whether to raise U.S. interest rates again this year. Finally investors will be monitoring the ongoing saga that President Donald Trump’s domestic policies have become in a bid to gauge the chances of any meaningful tax reform in the world’s biggest economy.

Economic data include new home sales, consumer confidence. Scheduled earnings include Nike, Carnival, Micron

Market Snapshot

  • S&P 500 futures down 0.01% to 2,495.25
  • STOXX Europe 600 up 0.2% to 384.55
  • MSCI Asia down 0.3% to 161.66
  • MSCI Asia ex Japan down 0.5% to 529.61
  • Nikkei down 0.3% to 20,330.19
  • Topix unchanged at 1,672.74
  • Hang Seng Index up 0.05% to 27,513.01
  • Shanghai Composite up 0.06% to 3,343.58
  • Sensex down 0.05% to 31,610.25
  • Australia S&P/ASX 200 down 0.2% to 5,670.98
  • Kospi down 0.3% to 2,374.32
  • Brent Futures down 0.6% to $58.65/bbl
  • Gold spot down 0.3% to $1,306.87
  • U.S. Dollar Index up 0.2% to 92.85
  • German 10Y yield rose 0.2 bps to 0.402%
  • Euro down 0.3% to $1.1811
  • Italian 10Y yield unchanged at 1.814%
  • Spanish 10Y yield fell 0.2 bps to 1.622%

Bulletin Headline Summary from RanSquawk

  • European and Asian equities traded with little in the way of firm direction as equity markets shrugged off mounting geopolitical tensions
  • NZD extended on political uncertainty, as USD gains some ground as markets await Yellen
  • Looking ahead, highlights include US new home sales, APIs, ECB’s Praet, Fed’s Yellen, Mester and Brainard, US 2yr note auction

Top Overnight News

  • The U.S. has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions remain high between the two countries
  • U.S. Senate Republicans fail in their push to repeal Obamacare; Senator Susan Collins said Monday the bill would cause too many Americans to lose insurance
  • French Prime Minister Emmanuel Macron will make proposals for re-shaping Europe that he acknowledges will need German Chancellor Angela Merkel’s support to push through
  • U.K. Prime Minister Theresa May’s speech last week failed to break the Brexit stalemate, as the EU demands more from the U.K. if there’s to be any hope of a discussion about trade next month. As the fourth round of talks kicked off, both sides remain divided over when Britain should agree to the size of its bill
  • While Austria may have successfully sold a 100-year bond this month, other European countries may be slow to follow suit given the concerns over demand, liquidity and legal restrictions
  • The Bank of Greece plans to start stress tests for the country’s four systemic banks in late February with a view to determine by June if they need fresh capital before the end of the Greek bailout program
  • CVC Is Said to Mull Options for $4 Billion Drugmaker Alvogen
  • Baidu’s iQiyi Is Said to Seek a U.S. IPO at Over $8b Valuation
  • Jaguar Land Rover Is Said to Hunt for Luxury Brand Purchases
  • Demise of Obamacare Repeal Shows How Far GOP Remains From Goal
  • Turkey Warns Iraq Kurds It Can ‘Close Valves’ on Oil Exports
  • Nestle Aims to Boost Profitability Amid Pressure From Loeb
  • Trump’s State-Tax Plan Could Cause Headaches for 52 Republicans
  • Banks Lobbying to Stem MiFID’s Spread Spark a U.S. Client Revolt
  • Uber’s New ‘Good Cop’ Tack Will Face Test in U.S. City Tussles

Asian stocks lacked any solid direction after the weak momentum from US where all 3 major indices closed negative due to geopolitical concerns, while the Nasdaq took the brunt of the worst day for the tech sector in over a month. This pressured ASX 200 (-0.22%) and Nikkei 225 (-0.33%), although strength in energy names following a 3% rally in crude later helped stem downside in Australia. Hang Seng (+0.05%) and Shanghai Comp. (+0.06%) also conformed to the lacklustre, indecisive tone amid a lack of drivers and a weaker PBoC liquidity operation. 10yr JGBs were relatively flat with only minimal support seen from the cautious risk tone in Japan, while today’s 40yr auction also failed to spur firm demand despite the b/c at the highest since 2015, as this was relatively stable from the prior. PBoC injected CNY 40bln via 14-day reverse repos and CNY 10bln via 28-day reverse repos. PBoC set CNY mid-point at 6.6076. BoJ Minutes from July 19th-20th meeting stated that Japan's economy was expanding moderately and that financial conditions were highly accommodative. The minutes also stated that exports are on an increasing trend and that momentum towards achieving the 2% price stability target was being maintained. RBA's Bullock says high levels of debt leave households vulnerable and that RBA will take this into consideration for monetary policy.

Top Asian News

  • Cindat Capital Says Estimates Put China NPLs Up to $1 Trillion
  • Euro Hits One-Month Low as Stops Triggered Across the Board
  • Iron Ore Faces ‘New Reality’ on Flight to Quality, BHP Says
  • Modi Starts $2.5 Billion Plan to Electrify Every India Home
  • Singapore Cryptocurrency Firms Facing Bank Account Closures

European equites started the session on the backfoot, albeit modestly so with lingering geopolitical tensions continuing to act as a source of concern for investor sentiment. In terms of sector specific performance, healthcare names sit at the bottom of the pack with Swiss heavyweight Roche trading lower after being downgraded at Exane. To the upside, energy names lead the way higher amid yesterday’s surge in crude prices, with RBC’s downgrade of Total failing to place too much pressure on the sector. From a fixed income perspective, the 10yr Bund trades relatively flat after initial losses have been pared throughout the morning. However, analysts at IFR highlight that paper could be halted at 162.05 which marks the 50% retracement of the 8th-21st September move. In the periphery, yields continue to remain resilient to the fallout of the German election with RBC downplaying the concerns for peripheral markets in a research note this morning. That said, investors will continue to remain wary over potential Catalan-related headlines over the coming days.

Top European News

  • ECB Is Said to Start Stress Tests at Greek Banks in February
  • EU Dangles Praise for U.K. But Asks More for Brexit Trade
  • London Luxury Home Values Set for 20% Rebound Over Five Years
  • BNP Paribas Aims to Grow German Revenue 8% Per Year Through 2020
  • Monte Paschi Restructuring Will Cut Bank in Half: EU Official
  • Pandora’s U.S. September Campaign Failed, Carnegie Says: Ritzau
  • Deutsche Wohnen, Vonovia Lead Europe Real Estate Stocks Higher

In currencies, the JPY remains at better levels after yesterday’s comments from the North Korean Foreign Minister in which he stated that the
war of words from President Trump has been deemed as a declaration of war. Additionally, PM Abe also called a snap election which will likely be held around late October, as such uncertainty heading into the event could suggest that risks are skewed to the
downside in USD/JPY.
With regards to the USD itself, the USD-index is broadly higher as participants await comments from Fed’s Yellen and
look for any further clarity on the train of thought at the Fed after last week’s meeting very much left a Dec hike on the table.
Additionally, broader USD strength has also likely been supported by EUR softness which was initiated by a break of September’s
lower in EUR/GBP.
NZD notably weaker overnight with NZD/USD slipping 0.45%, as political uncertainties, alongside poor overnight data weighed on
the Kiwi. As it stands, the RBNZ are not seen lifting interest rates until Sep’18, according to OIS markets. Focus will be on the
comments from the RBNZ where there may be an air of caution given the latest election results.

In commodities, both WTI and Brent have given back a small percentage of yesterday’s noteworthy gains which were largely triggered by tensions surrounding the Kurdish independence referendum. As  such, WTI has briefly moved back below the USD 52/bbl level in early European trade. However, markets will likely remain sensitive to any Turkish involvement in the matter after President Erdogan threatened to cut off the pipelines that transfer oil from Northern Iraq. Elsewhere, copper was seen higher during Asia-Pac trade while safe-haven gold was mildly underpinned as geopolitical concerns  lingered. Local press reports state that ASX will likely suspend most of Australian listed gold sector if WA government budget with new gold royalty increases is passed

Looking at the day ahead, there is the Conference board consumer confidence index, Richmond Fed manufacturing index, CoreLogic house price data for key cities as well as new home sales data. Onto other events, there is the BOJ Minutes for its July meeting. In the US, the Fed’s Mester, Brainard and Bostic will speak. Further, Mrs Yellen will speak on inflation, uncertainty and monetary policy. Back in the Europe, UK’s PM May and EU president Tusk will meet to discuss Brexit, while France’s Macron will outline his plans to reform the EU.

US Event Calendar

  • 9am: S&P Case Shiller 20-City MoM SA, est. 0.2%, prior 0.11%; 20-City YoY NSA, est. 5.7%, prior 5.65%
  • 9:30am: Fed’s Mester Moderates Session NABE
  • 10am: New Home Sales, est. 585,000, prior 571,000; New Home Sales MoM, est. 2.45%, prior -9.4%
  • 10am: Conf. Board Consumer Confidence, est. 120, prior 122.9; Present Situation, prior 151.2; Expectations, prior 104
  • 10am: Richmond Fed Manufact. Index, est. 13, prior 14
  • 10:30am: Fed’s Brainard Speaks on Labor Market Disparities
  • 11:30am: Fed’s Bostic Speaks to the Atlanta Press Club
  • 12:45pm: Yellen Speaks on Inflation, Uncertainty, and Monetary Policy

DB's Jim Reid concludes the overnight wrap

What happens when you cross a middle aged man with two recent knee
operations and a trampoline at a 2 year olds birthday party. Answer a very sore
and 'clicky' knee. Over the weekend I went on a trampoline for possibly the first
time in around 4 decades and got my timing a bit wrong. I bounced high in the air
and then misjudged the landing and over extended just as the trampoline came
to meet my leg. It was quite painful at the time and 3 days later it just clicks all the
time. I'm hoping I haven't done any damage! As a minimum it’s going to make
me very bad at surveillance going forward. It does worry me that the next few
years I'm going to be doing more and more silly things to impress my children or
their friends or probably their parents! I may as well already book in a surgeon for
a few weeks after my first sports day whenever that is!

Bunds bounced better than me at the weekend after the uncertain German
election results with 10 year bunds 4.6bps lower yesterday. In both bonds
and equities the core outperformed the peripheral (more below). For today, we
have a Yellen speech at 12:45pm ET entitled "inflation, uncertainty and monetary
policy" to look forward to and a Macron speech where timing is not ideal given
that it was billed as a big Euro integration platform 2 days after Merkel's ability
to embrace the idea has taken a set-back.

Looking at what’s expected from Macron, the press have suggested that the
speech will include plans for a permanent finance minister for the euro area, a euro
area budget worth several percentage points of aggregate GDP and a “European
Monetary Fund”. As if to acknowledge the necessity of progress, German Finance
Minister Schaeuble recently reciprocated, saying he intends to publish proposals
for a reinvigorated ESM shortly after the election. We will see if the German election result cautions either. After the dust settles in Germany, the rush to
integrate may need to slow. Merkel’s room for manoeuvre on conditionality just
got narrower, meaning progress towards integration will likely be slower and the
scale of common resources agreed will likely be more limited. For more details,
please refer to DB’s Mark Wall’s “Reality check for the Macron Pivot”.

Focusing back now on the German election and its near term implications. As a
recap, Merkel’s CDU/CSU remained the strongest party, scoring 33% of the votes,
but it’s also the worst result since 1953 and substantially less than 2013 (41.5%).
A feasible alliance to govern is the Jamaica coalition between the CDU/CSU, the
Greens and the FDP. Looking ahead, DB’s Barbara Boettcher believes markets
will face a period of political uncertainty as coalition building will take time.
Further, coalition talks are unlikely to turn serious before the elections in Lower
Saxony on Oct 15. Thus, it is likely that Merkel will be re-elected as chancellor
only just-in-time for the December EU summit. Overall, the risk of a failure of
coalition forming is small, in part as German voters demand predictability and
responsibility in uncertain times.

This morning in Asia, markets are trading a bit softer. As we type, the Hang Seng
(-0.03%), ASX 200 (-0.13%) and the Kospi (-0.39%) is down slightly. Elsewhere,
the Nikkei is down -0.40% as the initial optimism from PM Abe’s stimulus package
and his call for a snap election has somewhat faded. The new election is likely to
take place on 22 October and is opportunistic from Abe in an attempt to capitalise
on his growing approval ratings (now c50% vs. c30% in July).

Moving on to markets yesterday now. US bourses softened following rising
geopolitical tensions and weakness in large cap tech stocks. The S&P and Dow
both closed c0.2% lower following North Korea’s Foreign minister threatening to
shoot down US warplanes in any airspace given that “the US has declared a war”.
The Nasdaq fell 0.88% (worse day since mid-August), impacted by increased
selling in the FANG stocks (down 1% to 4.7% each). Elsewhere, suppliers to Apple
and Apple’s own shares were down c3% and -0.88% respectively, after Digitimes
reported Apple has instructed suppliers to slow down delivery of some of the
component shipments for the production of the iPhone X. Elsewhere, the energy
sector rose 1.47% (+9.3% for the month) on the back of higher oil prices (more
below).

European markets were mixed but little changed, the Stoxx 600 and the Dax rose
0.18% and 0.02% respectively following Merkel’s election win. Across the region,
most indices traded lower though, with the FTSE (-0.13%) and CAC (-0.27%) down
slightly, while the peripherals slightly underperformed (FTSE MIB -0.63%; IBEX
-0.86%), perhaps a reflection of the rising populist vote in Germany.

Over in government bonds, there was a similar theme with core bond markets
firmer but peripherals underperforming. Core bond yields were modestly lower
in the US (UST 2Y: -1bp;10Y: -3bp) and also across Europe, with Bunds (2Y:
-3bp; 10Y: -5bp), Gilts (2Y: -1bp; 10Y: -2bp) and French OATs (2Y: -3bp; 10Y: -3bp)
all down 1-5bp across maturities. Conversely, peripherals such as Italian BTPs
(2Y: +0.3bp; 10Y: unch) and Portuguese (2Y: +2bp; 10Y: +2bp) bond yields were
slightly higher.

Turning to currencies, the EURUSD fell 0.86%, partly reflecting the uncertainties
with Merkel’s new coalition mandate. Elsewhere, the US dollar index gained
0.52% while Sterling was little changed (-0.28%). In commodities, WTI oil rose 3.08% and Brent jumped 3.80% to $59.02/bbl (the highest close since
November 2015) after Turkey indicated it may shut down Kurdish oil exports
that pass through its territory. Precious metal were slightly higher (Gold +1.04%;
Silver +1.08%) while other base metals are also trading higher this morning, with
Copper (1.12%), Zinc (+2.87%) and Aluminium (+0.30%) all slightly higher.

Away from the markets and onto central bankers commentaries. In the US,
the NY Fed’s Dudley has noted that inflation should eventually pick up and
“stabilise around the Fed’s 2% goal over the medium term”. Thus in response,
“the Fed will likely continue to remove monetary accommodation gradually”.
Elsewhere, the more dovish Chicago Fed’s Evans disagreed and noted that “as
the FOMC comes to decision points over the coming months, I think we need
to see clear signs of building wage and price pressures before taking the next
step in removing accommodation”.

Over in Europe, ECB’s Draghi talked up the economy, noting “economic
expansion is now firm and broad based across countries and sectors”, but gave
little away on the extent and potential approach on the tapering plans. Notably,
he said “we have to be sensitive about the danger of halting a recovery through
hasty monetary policy decisions” and that we know “a very substantial degree
of monetary accommodation is still needed for the upward inflation path to
materialize.” Elsewhere, ECB’s Executive Board member Coeure indicated that
the ECB was not “scared” by the prospect of QE exit, but noted that exit would
have to be carried out carefully.

Moving onto Brexit, the EU’s Chief Brexit negotiator Barnier has signalled he is
unwilling to discuss a trade deal until the UK provides more clarity. He said “what
is important now is for the UK government to translate the (PM May’s) speech
into a clear negotiating position”. His counterpart David Davis has reiterated UK
will honour its financial commitments, but has avoided specifics. We wait and
see how the Brexit talks evolves.

With the US congressional leaders expected to release the parameters of a tax
framework shortly, DB’s Binky Chadha gauges that little or nothing has been
priced in. He expects the fundamental impact of a cut in corporate tax rate to be
modest at the aggregate level, but the relative impacts could be large for small
vs. large companies. For more details
Finally, the latest ECB CSPP holdings were released yesterday. They bought
€1.77bn last week which equates to €353mn/day vs. €349mn/day since CSPP
started. Overall, the CSPP/PSPP ratio of net purchases continues to run well
above average, at 14.8% last week (vs. 19.2%, 13.6%, 12%, 10.3% and 9.6%
in previous weeks), which continues to suggest the ECB has tapered credit
purchases less than government bonds.

Before we take a look at today’s calendar, we wrap up with other data releases
from yesterday. Over in the US, the September Dallas Fed manufacturing
activity index was above the markets’ expectations at 21.3 (vs. 11.5 expected)
– the highest reading since February. Within the details, the employment index
rose 6.4pts to the highest reading since April 2014 and the prices paid index also
rose to the highest since July 2011. Moving along, the Chicago Fed National
index was a touch lower at -0.31 (vs. -0.25 expected), although there were positive revisions to the prior month and the three-month average remained close
to the zero mark, which suggests an economy growing at around trend.

In Germany, the September IFO business climate index fell slightly to 115.2
(vs. 116 expected), driven by weaker expectations (107.4 vs. 108 expected)
and current assessment (123.6 vs. 124.7 expected). However, DB’s Marc
Schattenberg does not see the dip in the IFO index as a signal of a marked
slowdown in Germany's growth prospects for Q3, as the average reading of the
IFO index increased further in Q3 to 115.7 from 114.3 in Q2.

Looking at the day ahead, in France, there is the September manufacturing and
business confidence indicators. In the UK, there is finance loans for housing. Over
in the US, there is the Conference board consumer confidence index, Richmond
Fed manufacturing index, CoreLogic house price data for key cities as well as
new home sales data. Onto other events, there is the BOJ Minutes for its July
meeting. In the US, the Fed’s Mester, Brainard and Bostic will speak. Further,
Mrs Yellen will speak on inflation, uncertainty and monetary policy. Back in the
Europe, UK’s PM May and EU president Tusk will meet to discuss Brexit, while
France’s Macron will outline his plans to reform the EU.

Published:9/26/2017 6:18:38 AM
[China] Rattled ‘Rocket Man’ Claims Right to Intercept US Aircraft—Which Would Mean War Shooting at a U.S. aircraft that is not conducting an attack, however, would be an act of war. Published:9/26/2017 6:18:38 AM
[Venture Capital] IVP announces $1.5 billion venture fund  IVP, one of the original late-stage venture capital firms, is announcing its sixteenth fund. And at $1.5 billion, it’s the largest yet. This brings the group’s total committed capital to $7 billion. With a slew of exits this year, including Snap, AppDynamics, MuleSoft and Yext, and a historical IRR of 43%, it was enough to convince LPs that they’re ready for a little more money. Read More
Published:9/26/2017 6:18:38 AM
[Uncategorized] If you love how sports were politicized, just wait for your next visit with Dr. Progressive No place left to hide. Published:9/26/2017 6:18:38 AM
[Science] Trump: Dallas Cowboys protest shows 'big progress' is being made with NFL protests "But while Dallas dropped to its knees as a team, they ALL stood up for our National Anthem," Trump tweeted. Published:9/26/2017 6:18:38 AM
[] The Morning Report 9/26/17 Good morning kids. Well, with the NFL on life support, I guess I was naive to pray that someone like Jerry Jones would be the last bastion of sanity who would stand in front of the oncoming SJW tank... Published:9/26/2017 6:18:37 AM
[Entertainment] ICYMI: Here's a Video Mashup to Catch You Up on Season One of This Is Us This Is UsTry to prevent yourself from squealing out loud right now (but we won't blame you if you can't)...This Is Us returns tonight! Yes, the beloved NBC series returns for the premiere...
Published:9/26/2017 5:47:41 AM
[Business] "Emerging Markets May Be Suddenly Hit On Multiple Fronts At Once", Trader Warns

With emerging markets the best performing conventional asset class in 2017 by a wide margin (excluding cryptocurrencies of course), with a total return of nearly 50% YTD, performance not seen since 2009...

... Bloomberg macro strategist and commentator Mark Cudmore warns that we are now entering dangerous territory for Emerging-market whose "assets may be suddenly hit on multiple fronts at once" noting that "one of the core themes of 2017 has been the resilience of EM. And it’s precisely because of its solid and steady performance all year that pain can intensify so quickly. Complacent longs might soon be questioning what happened."

He explains why in his full Macro View note below.

Emerging Market Bearishness Can Come at You Fast:   

 

Emerging-market assets may be suddenly hit on multiple fronts at once. 

 

One of the core themes of 2017 has been the resilience of EM. And it’s precisely because of its solid and steady performance all year that pain can intensify so quickly. Complacent longs might soon be questioning what happened.

 

Between the Fed’s plan to reduce the balance sheet and the dollar’s nascent rebound, the environment is suddenly looking more difficult for EM. But similar macro concerns have been brushed off many times this year. The difference this time is that those macro pressures are being combined with a broad array of idiosyncratic negatives.

 

Asia will suffer due to a trifecta of rising oil prices, weakening tech stocks and a North Korean problem that appears to be intensifying by the week. That will be compounded by extended holidays in several of the region’s major markets -- China, South Korea and Taiwan. And a fear that the Xi Jinping "put" on economic growth in China may expire after the Communist Party Congress in mid-October.

 

Eastern Europe will be vulnerable to some retrenchment amid political tensions in both Germany and Spain. Greater integration, and hence convergence trades, will be on the back-burner for a few weeks.

 

As a major energy importer, Turkey is getting hit by the double-whammy of the geopolitical pressure from the Kurdish independence referendum and the related spike in oil prices.

 

South Africa, with by far the most liquid financial markets on the continent, is seeing a sharp terms-of-trade deterioration, due to lower metals prices but higher energy costs. That’s dangerous for a country with a large current-account deficit, minimal growth, high unemployment and a volatile currency.

 

Latin America will feel the pinch from weaker metals, but also suffer a deleveraging blow from yet another U.S. domestic policy failure.

From all sides, EM is likely to start feeling the pressure. And as long-time EM traders know well, sometimes the liquidity you saw on the way in just isn’t there on the way out.

 

 

Published:9/26/2017 5:47:41 AM
[Media] Dueling NYC tabloid covers on Anthony Weiner: Which one is best?

Now that Anthony Weiner has been sentenced to 21 months in prison for sexting with an underage girl, let’s see how the NYC tabloids covered the news, shall we? Here’s today’s New York Daily News: OK that's a good pun. pic.twitter.com/QGjOqRKkVI — Colin Campbell (@colincampbell) September 26, 2017 And today’s New York Post: A+ to […]

The post Dueling NYC tabloid covers on Anthony Weiner: Which one is best? appeared first on twitchy.com.

Published:9/26/2017 5:47:40 AM
[topics:things/coronation-street] Liz Dawn, Coronation Street legend who played Vera Duckworth, dies aged 77 Published:9/26/2017 5:47:40 AM
[Markets] Outside the Box: Harvey and Irma won’t bail out the auto makers Some analysts think Hurricanes Harvey and Irma will provide a boost to auto sales to replace damaged vehicles, but the industry faces longer-term headwinds, writes Andrew Duguay.
Published:9/26/2017 5:47:39 AM
[World] Tuesday's HOT MIC Join us all day, every day. Published:9/26/2017 5:47:39 AM
[World] NFL politics, a test for the media -- and a solution

If NFL players have a right to on-field free expressions of speech, then that means pro-life players can take a knee during the playing of the national anthem to show solidarity with all the babies who could have been, save for America's legal rubber-stamp of abortion.

Right?

After all, if ... Published:9/26/2017 5:10:15 AM

[topics:places/australia] Tony Abbott's daughter says she wants to see her aunt get married, in emotional video for Australian gay marriage campaign Published:9/26/2017 5:10:14 AM
[Enterprise] Lively raises $4.2M as it adds investment capabilities for health savings accounts  Lively co-founder Shobin Uralil likes to describe the health savings account as the “401(k) for healthcare” — but that it’s woefully underused as an investment vehicle like a 401(k). So instead of just relying on it as a way to pay for healthcare, Uralil and his co-founder Alex Cyriac set out to build a way to not only help people start up health savings accounts, but… Read More
Published:9/26/2017 5:10:14 AM
[2017 Gubernatorial Race] NJ Politics Digest: Melgen Attorney Threatened Government Officials, Witness Says Roundup of daily news. Published:9/26/2017 5:10:14 AM
[Markets] Metals Stocks: Gold futures edge back from the prior day’s sizable gain Gold futures inch down Tuesday, erasing a bit of the previous session’s sharp rise that came as tensions between the U.S. and North Korea ramped up again.
Published:9/26/2017 5:10:14 AM
[World] In Ivanka Trump's China, business ties shrouded in secrecy SHANGHAI (AP) — It is no secret that the bulk of Ivanka Trump's merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an Associated Press investigation has found. Published:9/26/2017 4:49:47 AM
[Markets] Outside the Box: How an investing pro handles 3 challenges in finding quality-value stocks Todd Wenning looks at how to analyze potential when a possible investment meets only two of his three criteria.
Published:9/26/2017 4:49:46 AM
[Alternative currencies] As Cash Use Plummets, Swedish Government Begins Testing Cryptocurrencies

Authored by Mac Slavo via SHTFplan.com,

Riksbank, Sweden’s central bank, is taking a serious look at Bitcoin. As cash use plummets and the amount of currency in circulation dwindles, central banks are looking to cryptocurrencies as government-backed money.

In Sweden, the number of banknotes and coins in circulation has fallen to its lowest level in three decades.

Riksbank estimates that cash transactions made up only 15 percent of all retail transactions last year. That number is down from 40 percent in 2010, thanks in large part to massively popular mobile payment services. That leaves the bank wondering if a technology similar to that of Bitcoin’s could be implemented in Sweden.

Riksbank isn’t the only central bank taking a serious look at blockchain, the technology that makes Bitcoin and other cryptocurrencies run.

 

These systems, also called distributed ledgers, rely on networks of computers, rather than a central authority like a bank, to verify and record transactions on a shared, virtually incorruptible database.

 

Government bankers across the world believe this has the potential to replace cash and make other payment systems more efficient.

 

– Technology Review

Riksbank is investigating not only distributed-ledger technology (which it describes as unproven yet “progressing incredibly rapidly”) but also traditional, centralized accounting methods for its “e-krona” (pdf) project. Many central banks are looking into this type of currency, but Sweden appears to be at the forefront of the movement.

According to Rod Garratt, an economics professor at the University of California, Santa Barbara, a cryptocurrency that’s available to all consumers “opens up a whole host of issues” and would pose new challenges for makers of monetary policy.

First, there’s the question of who, exactly, should verify the transactions and maintain the distributed ledger. Even if that’s solved, the new system would be, in a sense, too streamlined, making it easier for bank runs to occur in a moment of crisis or panic. In most current financial systems, large-scale withdrawals of funds are naturally slowed by the time it takes for a central bank to produce the paper money people are demanding. But if the currency is purely digital, no such brakes exist—a panicked citizenry could empty their accounts almost instantly, leaving an entire country’s banking system all but penniless.

 

A new journal article (pdf) published by the Bank of International Settlements, a kind of central bank for central banks, suggests a more straightforward approach than trying to use cryptocurrency to replace cash. In the article, Garratt and Morten Bech, a researcher at the BIS, draw an important distinction between a “retail” cryptocurrency like FedCoin and a “wholesale” one that would only be used by banks.

 

Technology Review

China’s central bank has also begun testing of a digital currency. Speeches and research papers from officials at the People’s Bank of China show that the bank’s strategy is to introduce the digital currency alongside China’s renminbi. But there is currently no timetable for this, and the bank seems to be proceeding cautiously.

But the main issue for governments is that they are losing their grip and control on currency. Sweden’s dwindling cash usage is increasing reliance on mobile payment systems risks marginalizing people who don’t use them or can’t access them. Those systems are also run by private companies, which means that commercial forces, rather than government policies, could end up determining how effectively the financial system serves people and the economy.

Published:9/26/2017 4:18:39 AM
[Apps] Transit raises another $5M from Accel to become a hub for public transportation  Transit started off as a slick app that helped you get in a complex metro area with public transportation, but now CEO Jake Sion has higher ambitions than that: being the go-to spot for getting from point A to point B, regardless of method. WIth bike-sharing, ridesharing, carsharing, and plenty of other methods of transportation that you can plant “sharing-” at the front, Sion… Read More
Published:9/26/2017 4:18:39 AM
[Markets] Market Snapshot: Dow industrials flirt with fourth daily drop in a row U.S. stock futures on Tuesday point to a small drop at the open, putting the Dow on track to retreat for a fourth consecutive session.
Published:9/26/2017 4:18:39 AM
[storytype:standard] The graph that shows why Bali's Mt Agung volcano could erupt at any minute, as 75,000 flee Published:9/26/2017 4:18:39 AM
[PAID] Why Emerging Markets Aren't Too Hot to Handle The Fed’s apparent desire to push on with tightening policy may give emerging markets a pause. But if global growth continues, then a pause is all it should be. Published:9/26/2017 4:18:39 AM
[World] As senators defect, GOP concedes health bill's fate bleak WASHINGTON (AP) — Republican Sen. Susan Collins' decision to oppose the GOP push to repeal President Barack Obama's health care overhaul leaves the effort all but dead, with even party leaders conceding that their prospects are dismal. Published:9/26/2017 3:47:47 AM
[PAID] Amazon Hopes Alexa Will Offer Traction for Music App Amazon Music listeners will now be able to ask Alexa to DJ on-the-go. Amazon.com said it would launch the personal assistant technology in its mobile music streaming apps on Tuesday. Published:9/26/2017 3:47:46 AM
[Bailout] And Europe's Best-Performing Bond Market In 2017 Is...

Greeks are working longer for less pay, suffering from depression and committing suicide at a record pace, and seeing a mass exodus of young talented workers amid continued capital controls and pension cuts.

So it should be no surprise that Greek government bonds are being bought with both hands and feet by global investors reaching for yield, sparking GGBs to a return of almost 17% year-to-date - the best across Europe - even as concerns linger about the sustainability of Greece’s economic recovery once the current rescue program ends in 2018. 

Is this front-running hope for a fruitful review, starting mid-October, of the nation’s financial bailout? Or anticipation of Draghi extending The ECB's buying program to junk?

Remember, the market is not the economy...

Published:9/26/2017 3:47:46 AM
[worldNews] North Korea appears to bolster defenses after flight by U.S. bombers as rhetoric escalates SEOUL/BEIJING (Reuters) - North Korea appears to have boosted defenses on its east coast, South Korea's Yonhap news agency said on Tuesday, after the North said U.S. President Donald Trump had declared war and that it would shoot down U.S. bombers flying near the peninsula.
Published:9/26/2017 3:47:46 AM
[Markets] The Moneyologist: This wife took swift action to close an account her husband used to hide money Her brother-in-law asked her husband to stash a six-figure cash windfall.
Published:9/26/2017 3:47:46 AM
[storytype:standard] Female US Marine becomes first woman to make it through infantry officer training course Published:9/26/2017 3:47:46 AM
[World] As senators defect, GOP concedes health bill's fate bleak WASHINGTON (AP) — Republican Sen. Susan Collins' decision to oppose the GOP push to repeal President Barack Obama's health care overhaul leaves the effort all but dead. Even party leaders concede that their prospects are dismal. Published:9/26/2017 3:16:59 AM
[DVN] Most Overbought And Oversold S&P Stocks Published:9/26/2017 3:16:58 AM
[Climate Communications] Bali Volcano the Latest Excuse for the Lack of Warming Guest essay by Eric Worrall The grumbling Bali Volcano Mount Agung has not erupted yet, but experts are already talking up the dramatic short term global cooling it will cause when it blows. Bali volcano: Here’s why the Earth will get a little cooler after Mount Agung erupts By Alle McMahon Something very interesting will… Published:9/26/2017 3:16:58 AM
[Markets] Futures Movers: Oil futures pull back after entering bull market Oil futures slipped Tuesday, pulling back from a sharp jump that was in part spurred by a threat from Turkey’s president to cut off oil exports from a Kurdish region of Iraq.
Published:9/26/2017 3:16:58 AM
[c1849a62-cb66-4d50-827e-a90333fa39b8] Now friendships are on busybody schools' hit list - can they leave NOTHING alone? Do you remember your first best friends? Schools in the U.K., and even here in the United States, are now taking aim at robbing kids of those deep friendships that teach them empathy, character and, yes, even heartbreak. Published:9/26/2017 3:16:58 AM
[20th century in the United States] How World War One Still Haunts America

Authored by James Bovard via The Future of Freedom Foundation,

This year is the 100th anniversary of Woodrow Wilson’s pulling America into World War I. Many people celebrate this centenary of America’s emergence as a world power.

But at a time when the Trump administration is bombing or rattling sabers at half a dozen nations and many Democrats are clamoring to bloody Russia, it is worth reviewing how World War I turned out so much worse than the experts and politicians promised.

Wilson was narrowly reelected in 1916 on the basis of a campaign slogan, “He kept us out of war.” But Wilson had massively violated neutrality by providing armaments and money to the Allied powers that had been fighting Germany since 1914. At the same time, he had no quarrel with the British blockade that was slowly starving the German people. In his April 1917 speech to Congress seeking a declaration of war against Germany, he hailed the U.S. government as “one of the champions of the rights of mankind” and proclaimed that “the world must be made safe for democracy.”

American soldiers helped turn the tide on the Western Front in late 1918. But the cost was far higher than Americans anticipated. More than 100,000 American soldiers died in the third-bloodiest war in U.S. history. Another half- million Americans perished from the Spanish Flu epidemic spurred and spread by the war. But the political damage lasted far longer.

In his speech to Congress, Wilson declared, “We have no quarrel with the German people” and feel “sympathy and friendship” towards them. But his administration speedily commenced demonizing the “Huns.” One Army recruiting poster portrayed German troops as an ape ravaging a half-naked damsel beneath an appeal to “Destroy this Mad Brute.” Wilson’s evocations of fighting for universal freedom were quickly followed by bans on sauerkraut, beer, and teaching German in public schools. Tolerance quickly became unpatriotic.

The Wilson administration sold the war as an easy win — failing to realize how close France and Russia were to either collapsing or surrendering.

When fewer than 100,000 Americans volunteered for the military, Congress responded by authorizing conscripting 10 million men.

Wilson proclaimed that “it is in no sense a conscription of the unwilling. It is, rather, selection from a Nation which has volunteered in mass.” But people had voted against the war. Regardless, Wilson touted the draft as a new type of freedom:

“It is nothing less than the day upon which the manhood of the country shall step forward in one solid rank in defense of the ideals to which this Nation is consecrated.”

It was as if Wilson was presaging George Orwell’s motto in 1984 — “Freedom is Slavery.”

Wilson acted as if the congressional declaration of war against Germany was also a declaration of war against the Constitution. Harvard professor Irving Babbitt commented in 1924, “Wilson, in the pursuit of his scheme for world service, was led to make light of the constitutional checks on his authority and to reach out almost automatically for unlimited power.” Wilson even urged Congress to set up detention camps to quarantine “alien enemies.”

Wilson unleashed ruthless censorship. Anyone who spoke publicly against military conscription was likely to get slammed with federal espionage or sedition charges. Possessing a pamphlet entitled “Long Live the Constitution of the United States” earned six months in jail for a Pennsylvania malcontent. Censorship was buttressed by fanatic propaganda campaigns led by the Committee for Public Information, a federal agency whose shameless motto was “faith in democracy … faith in fact.” The government cared so much about the American people that it could not burden them with details of government follies and fiascoes.

The government also assumed it was entitled to practically brainwash any and all conscripts. As Thomas Fleming noted in his masterpiece The Illusion of Victory: America in World War One, soldiers were subject to many hours of exhortations “to resist sexual temptation…. Spokesmen for the Committee on Training Camp Activities urged soldiers to stop thinking about sex: ‘A man who is thinking below the belt is not efficient.’” The Wilson administration strove for the creation of “‘moral and intellectual armor’ that would sustain the soldiers when they went overseas and were beyond the U.S. government’s ‘comforting and restraining and helpful hand.’” The failure of the purity campaign was best reflected in the lyrics of a 1919 hit song: “How ya gonna keep ’em down on the farm after they’ve seen Paree?”

To broaden support for the war, Wilson partnered with the Prohibition movement. Prohibition advocates “indignantly insisted that … any kind of opposition to prohibition was sinister and subversively pro-German,” noted William Ross, author of World War 1 and the American Constitution. Even before the 18th Amendment (which banned alcohol manufacture, sale, and transportation) was ratified, Wilson banned beer sales as a wartime measure. Prohibition itself was a public-health disaster; the rate of alcoholism tripled during the 1920s. To punish lawbreakers, the federal government added poisons to industrial alcohol that was often converted into drinkable hooch; 10,000 people were killed as a result. Deborah Blum, the author of The Poisoner’s Handbook, noted that “an official sense of higher purpose kept the poisoning program in place.” It took more than half a century for the quality of American beer to recover from Prohibition. And the effects of the booster shot that organized crime received in those years lasted even longer. Even worse, the war on alcohol paved the way for the war on drugs; many former Prohibition agents signed up to crusade against marijuana after the ban on booze ended.

Attacking speech, ruining farms

World War I exposed the cravenness and authoritarianism of progressive intellectuals. As journalist Randolph Bourne wrote, “‘Loyalty,’ or rather war orthodoxy, becomes the sole test for all professions, techniques, occupations. Particularly is this true in the sphere of the intellectual life.” Bourne lamented,

It has been a bitter experience to see the unanimity with which the American intellectuals have thrown their support to the use of war-technique in the crisis in which America found herself. Socialists, college professors, publicists, new-republicans, practitioners of literature, have vied with each other in confirming with their intellectual faith the collapse of neutrality and the riveting of the war-mind on a hundred million more of the world’s people…. Herd-instinct became herd-intellect.

Writers who failed to join the stampede found themselves banished or, in some cases, persecuted. One of the Post Office’s primary targets for suppression was magazines guilty of “high-browism.” The collapse of honest, thoughtful criticism was invaluable to Wilson’s effort to spur mass mindless obedience. Unfortunately, with the same pattern of servility repeated in subsequent wars, few intellectuals seem to recall how World War I set the model for cravenness.

As Bourne noted, “War is the health of the state.” The war provided the pretext for unprecedented federal domination of the economy — and endless debacles. In early 1918, the government “shut down all the factories in the country east of the Mississippi River for a week” to save fuel, as Fleming noted. Even Wilson’s Democratic congressional allies were aghast at the mismanagement and inefficiency. Wilson was outraged at criticism, declaring that it showed “such an ignorance of the actual conditions as to make it impossible to attach any importance” to the charge. But presidential indignation failed to straighten out the snafus from central control of production processes.

Perhaps the most dramatic economic impact fell on American farmers. Washington promised that “food will win the war” and farmers vastly increased their plantings. Price supports and government credits for foreign buyers sent crop prices and land prices skyrocketing. However, when the credits ended in 1920, prices and land values plunged, spurring massive bankruptcies across rural America. They in turn spurred perennial political discontent that helped lead to a federal takeover of agriculture by the Roosevelt administration in the 1930s. When the New Deal imposed price controls across the economy in 1933, World War I was the model that administrators touted.

Making the world safe

Before the war began, Wilson declared in April 2015, “No nation is fit to sit in judgement upon any other nation.” In his war speech to Congress in 1917, he portrayed the Kaiser as a dictator (though Germany was actually far more democratic than most parts of the British Empire). By 1919, Wilson had totally reversed his moral compass, declaring, “In the last analysis, my fellow countrymen, as we in America would be the first to claim, a people are responsible for the acts of their government.” Unfortunately, that became the lodestar for subsequent U.S. warring — including the massive civilian bombings of Germany and Japan in World War II, in North Korea in 1952, in Vietnam, and in Iraq in this century.

World War I was ended by the Treaty of Versailles, which redrew European borders willy-nilly and imposed ruinous reparations on Germany. Wilson had proclaimed 14 points to guide peace talks; instead, there were 14 separate small wars in Europe towards the end of his term — after peace had been proclaimed. The League of Nations charter was written so smarmily that the United States could have been obliged to assist Britain and France in suppressing revolts in the new colonies they garnered from the war.

The chaos and economic depression sowed by the war and the Treaty of Versailles helped open the door to some of the worst dictators in modern times, including Germany’s Adolf Hitler, Italy’s Benito Mussolini, and Russia’s N. Lenin — whom Wilson intensely disliked because “he felt the Bolshevik leader had stolen his ideas for world peace,” as historian Fleming noted.

Despite winning the war, Wilson’s Democratic Party was crushed at the polls in both 1918 and 1920.

H.L. Mencken wrote on the eve of the 1920 election that Americans were sickened of Wilsonian “idealism that is oblique, confusing, dishonest, and ferocious.”

Unfortunately, the recoil against bogus idealism was temporary.

Starting in 2002, George W. Bush practically recycled Wilson en masse to whip up fervor for invading Iraq.

Have today’s policymakers learned anything from the debacle a century ago? Wilson continues to be invoked by politicians who believe America can achieve great things by warring abroad. The bellicosity of both Republican and Democratic leaders is a reminder that Wilson also failed to make democracy safe for the world.

Published:9/26/2017 2:46:24 AM
[AfD] Why Germans Voted For The Far-Right 'AfD'

The main headline from the German election yesterday is not Angela Merkel getting a fourth term in charge, but rather her party's weakened position - caused chiefly by a surge in support for the right wing nationalist party 'Alternative für Deutschland' (AfD).

The AfD is a controversial party - one which not only ran on a program of anti-immigration and anti-Muslim policies, but one which is at least in part represented by people who have expressed racist and xenophobic views.

Nevertheless, provisional results indicate that the party has received 12.6 percent of the total vote, making it the third strongest in the country.

Why then did this happen? As Statista's Martin Armstrong shows in the infographic below, AfD voters were primarily motivated by fears of terrorism, fears of crime and dissatisfaction with the influx of asylum seekers into Germany since the 2015 crisis.

Infographic: Why Germans Voted for the Far-Right 'AfD' | Statista

You will find more statistics at Statista

Perhaps key to understanding the lurch to the right is the indication that the majority of AfD voters say they made their decision not based on belief in the party, but rather as a reaction to their disappointment in the other parties.

Published:9/26/2017 2:16:38 AM
[Comedy] Nambia

The world's top exporter of covfefe.

Nambia's health system is increasingly self-sufficient.

Published:9/26/2017 2:16:38 AM
[al-Qaeda] A Failing Empire, Part 1: Russia & China's Military Strategy To Contain The US

Authored by Federico Pieraccini via The Strategic Culture Foundation,

Looking at the global political landscape over the last month, two trends are becoming more apparent.

  1. The infamous military and economic power at America’s disposal is declining,
  2. whereas in the multipolar field, an acceleration has occurred in the creation of a series of infrastructures, mechanisms and procedures to contain and limit the negative effects of America’s declining unipolar moment.

This series of three articles will focus firstly on the military aspect of these ongoing changes, then the economics at play, and finally, how and why smaller countries are transitioning from the unipolar camp to the multipolar field.

One of the most tangible consequences of the decline of US military power can be observed in the Syrian conflict. Over the past few weeks, the Syrian Arab Army (SAA) and its allies have completed the historic and strategic liberation of Deir ez-Zor, a city besieged for more than five years by Islamists belonging to Al Qaeda and Daesh. The focus has now shifted to the oilfields south of the liberated city, with a frantic rush by both the US-supported Syrian Democratic Forces (SDF) and the SAA to free territories still held by Daesh. The final goal is to claim Syria's resources and strengthen a weak US position (the US is not even part of the Astana peace talks) in future negotiations concerning the country's future. To understand how much the US dream of partitioning Syria is failing, one only need note repeated US failures as seen in the liberation of Aleppo and then Deir Ez-Zor, and now the crossing of the Euphrates river. In spite of American intimidation, threats, and sometimes even direct aggression, the Syrian army continued to work against Daesh in the province of Deir Ez-Zor, advancing on oil rich sites. Thanks to the protection given by the Russian Federation Air Force during the conflict, Damascus has obtained a protective umbrella necessary to withstand attempts by the US of balkanize the country.

Further confirmation of Washington’s failed strategy to divide the country a la Yugoslavia appears evident from the strategic realignment of the most loyal allies of Washington in the region and beyond. In the course of the last few weeks, several meetings have taken place in Astana and Moscow between the likes of Putin and Lavrov with their TurkishSaudi, and Israeli counterparts. These meetings outlined the guidelines for Syria’s future thanks to Moscow’s red lines, especially regarding Israel’s desire to pursue regime change in Syria and an aggressive attitude towards Iran. Even the most loyal allies of the United States are beginning to plan a future in Syria with Assad as president. US allies have started showing a pragmatic shift towards a reconciliation with the factions that are clearly winning the war and are going to call the shots in the future. The long-held dreams and desires of sheikhs (Saudi-Qatar) and sultans (Erdogan) to reshape Syria and the Middle East in their image are over, and they know it. Washington's allies have been let down, with the US incapable of keeping its promises of fulfilling a regime change in Damascus. The consequences for the US have just begun. Without a military posture capable of bending adversaries and friends to her will, the US will have to start dealing with a new reality that involves compromise and negotiation, something the US is not accustomed to.

An example of what can happen if Washington decides to go against a former friend can be seen with the Gulf Crisis involving Qatar. Since the beginning of the aggression against Syria, the small emirate has been at the center of plots and schemes aimed at arming and financing jihadists in the Middle East and Syria. Five years later, after billions of dollars spent and nothing to hold onto in Syria, the Gulf Cooperation Council, as expected, has plunged into a fratricidal struggle between Qatar and other countries like Saudi Arabia, Kuwait, UAE and Egypt. The latter accuse Doha of funding terrorism, an undeniable truth. But they omit to acknowledge their own ties to the jihadists (Egypt in this framework is excluded, fighting continually with terrorists inspired by the Muslim Brotherhood in the Sinai), showing a hypocrisy that only the mainstream media can rival.

The consequences of Riyad’s actions against Doha, backed up by a large part of the American establishment, seems, almost six months later, to have finally pushed Qatar and Iran together, reopening diplomatic ties. These are two countries that have for years been on opposite sides of many conflicts in the Middle East, reflecting contrasts and divisions dictated by the respective positions of Tehran and Riyadh. This seems to be no more, with Doha and Tehran coming closer and circumnavigating sanctions and blockades, overcoming common difficulties. This shift can only be described as a strategic failure by Riyadh.

Looking back six years, one of the reasons for the eruption of the conflict in Syria has everything to do with the famous pipeline that Iran intended to build connecting Iraq and Syria. Incredibly, the end of the conflict will see a new transport line emerging between countries that for years have had opposing and diverging strategic goals. Iran and Qatar are currently engaging in trade agreements, and rumors have it that a joint effort to build a new pipeline that should cross Iraq and Syria, to end in the Mediterranean, is in the making. The idea is to jointly exploit the world's largest gas field, and in so doing become a new supplier for a Europe that is looking to diversify its energy imports. Riyadh and Washington will have to take full responsibility for this failure of epic proportions.

A clear sign of how fast things are changing in the region and beyond comes from Israel. Even the Jewish State has had to abandon any dream of territorial expansion into Syria, despite several attempts by Netanyahu to persuade Putin of the existential danger that Israel faces with Iran’s presence in Syria. A smart and pragmatic Putin is able to let Israel know that any request to impose conditions on Russian or its allies in Syria will be firmly refused. But at the same time, Moscow and Tel Aviv will continue to pursue good relations with each other. Russian political figures are far to smart to play double games with their long-standing allies in Syria or to underestimate the capacity that Israel has to disrupt the region and plunge it into chaos. Furthermore, Assad has invited Russia into Syria as well as Iran and Hezbollah. Even if Putin were willing to help Netanyahu, which is doubtful, international law prohibits this. If anything is clear, it is that Moscow respects international law as few nations do. All other foreign nations operating in Syria, or flying over Syrian skies, have no right to be there in the first place, let alone to impose decisions over a sovereign territory.

If Tel Aviv’s goal was to expand the illegal border in the Golan Heights and proceed with regime change, the situation has ended up totally different six years later. Iran has expanded its influence in Syria thanks to aid provided to Damascus in combating terrorism. Hezbollah has increased its battle experience and arsenal, as well as expanded its network of contacts and sympathizers throughout the Middle East. Hezbollah and Iran are seen as Middle Eastern peacemakers, playing positive roles in fighting the plague of jihadist terrorism as well as against Israel and Saudi Arabia, states that have tried in every way to assist terrorist organizations with weapons and money. Washington, Riyadh and Tel Aviv six years later find themselves in a totally different environment, with hostile neighbours, less collaborative friends, and in general, a Middle East increasingly orbiting around the Iranian and Russian spheres of influence.

Another indicator of American decline in military terms can be clearly seen on the Korean peninsula. The DPRK has obtained a full nuclear capability through a development program that has paid scant attention to American, South Korean and Japanese threats. The imperative for Pyongyang was to create a nuclear deterrent capable of dissuading the desire of many US policymakers enact regime change in North Korea. The strategic importance of a regime change in the DPRK follows the strategy of containment and encirclement of the People's Republic of China, a failed doctrine well known as the Asian pivot.

Beside its nuclear deterrent, the US is unable to attack the DPRK because of the conventional deterrent that Pyongyang has patiently put in place. Trump and his generals continue the rhetoric of fire and flames, dragging Seoul and Tokyo into a dangerous game of chicken between two nuclear powers. Not surprisingly, Trump’s words worry everyone in the region, especially the Republic of South Korea, which would pay the heaviest price were war ever to break out. In light of this assessment, it is worth pointing out that the military option is simply unthinkable, with Seoul and perhaps even Tokyo ready to break with its American ally in case of disastrous unilateral action against Pyongyang.

Kim Jong-un, as well as Assad and other world leaders facing pressure from Washington, have fully understood and taken advantage of America’s declining military power. Trump and his close circle of generals are full of empty threats, unable to change the course of events in different regions around the world, from the Middle East to the Korean peninsula. Whether it is through direct action or through proxies, little changes and the results remain the same, showing a continuous failure of goals and intents.

The underlying rule guiding US policy makers is that if a country cannot be controlled, such as with a Saudi-style regime serving only American interests through something like the petrodollar, than that country is useless and ought to be destroyed in order to stop other peer competitors from expanding their ties with that country. The Libyan example is still fresh in everyone's minds. Luckily for the world, Russia has stepped in militarily, and on more than one occasion has, together with her allies, sabotaged or deterred the US military from taking reckless actions (Ukraine, Syria and DPRK).

In this sense, Hillary Clinton's defeat, more than Trump's victory, seems to have instilled some sense into this declining empire, if one ignores the persisting strong rhetoric. One can only shudder on imagining a Clinton presidency in the current environment, with her predictably careening at full speed towards a conflict with Russia in Ukraine and Syria or a nuclear standoff with the DPRK in Asia.

Trump and his generals are slowly adapting to a new reality where it is not only impossible to control countries, but where it is increasingly difficult to destroy them. The old doctrine of wreaking chaos on the world, with a view to emerging once the dust settles down as the world's hegemonic power, now seems like a distant memory. Just looking at the Middle East, even Syria, in spite of the unprecedented destruction, is on the road to reconstruction and pacification.

Russian military power and Chinese economic might have thus played an invaluable role in restricting the US war machine. The DPRK even took a further step by attaining a formidable nuclear and conventional deterrent, effectively blocking the United States from influencing domestic events by bringing about destruction and chaos.

While this reality is difficult for Washington to take, it must come to accept it. After almost seventy years of imperialistic chaos and destruction wrought all over the globe, America’s friends and enemies are starting to react to this situation. Washington is left with a president full of sound and fury, but a credible militarily posture is now but a thing of the past.

The financial mechanisms that have allowed for this indiscriminate military spending are based on an intrinsic bond between dollar, oil, and the role of American money as the world reserve currency. The transition of the world order from a unipolar reality to a multipolar one is deeply tied to the economic and diplomatic strategies of Russia and China.

The next article will explore the role of gold, investment, diplomacy and the petroyuan, which are all decisive factors that have accelerated the transformation and division of power on a global scale.

Published:9/26/2017 1:47:12 AM
[topics:people/wes-streeting] Labour activists compare Israel to Nazi Germany as Jeremy Corbyn accused of behaving like 'ostrich' over anti-Semitism Published:9/26/2017 1:47:12 AM
[Artificial Intelligence] AI startup Appier hires Sean Chu from Microsoft to head its Asia growth strategy  Appier, the artificial intelligence startup that recently raised a $33 million Series C from three of Asia’s biggest Internet companies, has hired former Microsoft Japan marketing senior director Sean Chu to oversee its growth strategy. As Appier’s new chief strategy officer, Chu will be based in Tokyo and helm Appier’s operations in Japan and Korea. Read More
Published:9/26/2017 1:47:12 AM
[News] Lawmakers and Intelligence Community Differ on Surveillance Powers Before Reauthorization Showdown "We're going to pull out all the stops to fight a flawed bill," Wyden told IJR. Published:9/26/2017 1:16:39 AM
[Terror] BREAKING: Palestinian murders three Israelis in terrorist attack, severely wounds another… Another horrible Palestinian terrorist attack has happened in Israel. Unfortunately three Israelis were killed and another wounded severely. The terrorist was shot dead. Breaking: Three Israelis killed in Palestinian terror attack in . . . Published:9/26/2017 1:16:39 AM
[World] In Ivanka's China, business ties shrouded in secrecy SHANGHAI (AP) — It is no secret that the bulk of Ivanka Trump's merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an Associated Press investigation has found. Published:9/26/2017 12:47:53 AM
[topics:organisations/nhs] Fat attack: medics warning after liposuction almost kills woman  Published:9/26/2017 12:47:52 AM
[Bits and Pieces] Are food allergies an analogy to breaking the NFL habit?

Just as food allergies create a sickness in the body, the NFL creates a sickness in the soul. Taking both out of your life will make you much happier. I know. I know. It’s one of my stranger analogies, but stick with me on this one. Those who have developed food allergies know what it […]

The post Are food allergies an analogy to breaking the NFL habit? appeared first on Bookworm Room.

Published:9/26/2017 12:47:52 AM
[Terror] BREAKING: Palestinian murders three Israelis in terrorist attack, severely wounds another… Another horrible Palestinian terrorist attack has happened in Israel. Unfortunately three Israelis were killed and another wounded severely. The terrorist was shot dead. Breaking: Three Israelis killed in Palestinian terror attack in . . . Published:9/26/2017 12:47:52 AM
[World] In Ivanka's China, business ties shrouded in secrecy SHANGHAI (AP) — It is no secret that the bulk of Ivanka Trump's merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an Associated Press investigation has found. Published:9/26/2017 12:19:13 AM
[2017 News] Sponsor Drops Brandon Marshall For Kneeling During National Anthem Sponsor Drops Brandon Marshall For Kneeling During National Anthem. Sorry but it’s about time someone made a move. We are not against their right to protest, this is not the right venue. LB Brandon Marshall took a knee during the national anthem. Marshall & Colin Kaepernick were teammates at Nevada. pic.twitter.com/QruIeCGBdu — SportsCenter (@SportsCenter) September […] Published:9/26/2017 12:19:12 AM
[PAID] The Michigan Comeback Story How business-tax reform helped revive the state’s economy. Published:9/25/2017 11:47:55 PM
[Fraud] EXPOSED: @Twitter Censors Citizen Journalist Who Confronted @HillaryClinton #WeHappened

Twitter censored the account of citizen journalist Jefferson Lee, who confronted failed presidential candidate Hillary Clinton on Saturday at her book-signing event in Chappaqua, New York. 48 hours after Lee posted the video, in which he tells Clinton that her husband Bill is in fact a rapist, the social media website notified him that he […]

The post EXPOSED: @Twitter Censors Citizen Journalist Who Confronted @HillaryClinton #WeHappened appeared first on GotNews.

Published:9/25/2017 11:47:54 PM
[worldNews] North Korea bolsters defenses after flight by U.S. bombers, rhetoric escalates SEOUL/NEW YORK (Reuters) - North Korea has been boosting defenses on its east coast, South Korea's Yonhap news agency said on Tuesday, after the North said U.S. President Donald Trump had declared war and that it would shoot down U.S. bombers flying near the Korean peninsula.
Published:9/25/2017 11:47:54 PM
[topics:people/donald-trump] Donald Trump reminds Puerto Rico of its 'billions of dollars' of Wall Street debt as satellite image highlights humanitarian crisis Published:9/25/2017 11:18:12 PM
[Congress] New York Democrats Moving to Force Vote on DREAM Act Congressional Democrats are urging Republican lawmakers to sign a discharge petition that would bring about a vote on the DREAM Act on the House floor. Published:9/25/2017 11:18:12 PM
[Politics] President Donald Trump’s Schedule for Tuesday, September 26, 2017

By Rich Mitchell

President Donald Trump will receive his daily intelligence briefing then meet with bipartisan representation from the House Committee on Ways and Means. Afterward, the President will receive a briefing on hurricane recovery efforts. In the afternoon, the President will meet with President Mariano Rajoy of Spain, and, after a working luncheon with him, the two leaders will hold a joint press conference. The President will then depart the White House for Joint Base Andrews, en route to New York, NY where the President will participate in a U.S. Mission greeting then meet with the Chairwoman of the Republican National Committee (RNC). ...

The article President Donald Trump’s Schedule for Tuesday, September 26, 2017 is original content from Conservative Daily News.

Published:9/25/2017 11:18:12 PM
[army] Patriots And Protesters Should Take A Knee For The Constitution

Authored by John Whitehead via The Rutherford Institute,

By all means, let’s talk about patriotism and President Trump’s call for “respect for our Country, Flag and National Anthem.”

At a time when the American flag adorns everything from men’s boxers and women’s bikinis to beer koozies, bandannas and advertising billboards (with little outcry from the American public), and the National Anthem is sung by Pepper the Parrot during the Puppy Bowl, this conveniently timed outrage over disrespect for the country’s patriotic symbols rings somewhat hollow, detracts from more serious conversations that should be taking place about critical policy matters of state, and further divides the nation and ensures that “we the people” will not present a unified front to oppose the police state.

First off, let’s tackle this issue of respect or lack thereof for patriotic symbols.

As the U.S. Supreme Court has made clear, Americans have a right to abstain from patriotic demonstrations and/or actively protest that demonstration, for example, by raising one’s fist during the Pledge of Allegiance. Likewise, Americans have a First Amendment right to display, alter or destroy the U.S. flag as acts of symbolic protest speech.

In fact, in Street v. New York (1969), the Supreme Court held that the government may not punish a person for uttering words critical of the flag. The case arose after Sidney Street, hearing about the attempted murder of civil rights leader James Meredith in Mississippi, burned a 48-star American flag on a New York City street corner to protest what he saw as the government’s failure to protect Meredith. Upon being questioned about the flag, Street responded, “Yes; that is my flag; I burned it. If they let that happen to Meredith, we don’t need an American flag.”

In Spence v. Washington (1974), the Court ruled that the right to display the American flag with any mark or design upon it is a protected act of expression. The case involved a college student who had placed a peace symbol on a three by five foot American flag using removable black tape and displayed it upside down from his apartment window.

Finally, in Texas v. Johnson (1989), the Court held that flag burning was protected speech under the First Amendment.  The case arose from a demonstration near the site of the Republican National Convention in Dallas during which protesters marched through the streets, chanted political slogans, staged “die-ins” in front of several corporate offices to dramatize the consequences of nuclear war, and burned the flag as a means of political protest.

In other words, if freedom means anything, it means that those exercising their right to protest are showing the greatest respect for the principles on which this nation was founded: the right to free speech and the right to dissent. Clearly, the First Amendment to the Constitution assures Americans of the right to speak freely, assemble freely and protest (petition the government for a redress of grievances).

Whether those First Amendment activities take place in a courtroom or a classroom, on a football field or in front of the U.S. Supreme Court is not the issue: what matters is that Americans have a right—according to the spirit, if not always the letter, of the law—to voice their concerns without being penalized for it.

Second, let’s not confuse patriotism (love for or devotion to one’s country) with blind obedience to the government’s dictates. That is the first step towards creating an authoritarian regime.

One can be patriotic and love one’s country while at the same time disagreeing with the government or protesting government misconduct. Indeed, real patriots care enough to take a stand, speak out, protest and challenge the government whenever it steps out of line.

It’s not anti-American to be anti-war or anti-police misconduct or anti-racial discrimination, but it is anti-American to be anti-freedom.

America requires more than voters inclined to pay lip service to a false sense of patriotism. It requires doers—a well-informed and very active group of doers—if we are to have any chance of holding the government accountable and maintaining our freedoms.

After all, it was not idle rhetoric that prompted the Framers of the Constitution to begin with the words “We the people.”

This ultimate responsibility for maintaining our freedoms rests with the people.

Third, we need to stop acting as if showing “respect” for the country, flag and national anthem is more important than the freedoms they represent.

Listen: I served in the Army. I lived through the Civil Rights era. I came of age during the Sixties, when activists took to the streets to protest war and economic and racial injustice. As a constitutional lawyer, I defend people daily whose civil liberties are being violated, including high school students prohibited from wearing American flag t-shirts to school, allegedly out of a fear that it might be disruptive.

I understand the price that must be paid for freedom. None of the people I served with or marched with or represented put our lives or our liberties on the line for a piece of star-spangled cloth or a few bars of music: we took our stands and made our sacrifices because we believed we were fighting to maintain our freedoms and bring about justice for all Americans.

Love of country will sometimes entail carrying a picket sign or going to jail or taking a knee, if necessary, to preserve liberty and challenge injustice. And it will mean speaking up for those with whom you might disagree. Tolerance for dissent, we must remember, is a vital characteristic of the citizens of a democratic society.

The problems facing our generation are numerous and are becoming incredibly complex.

As I make clear in my book Battlefield America: The War on the American People, we’re at a very crucial crossroads in American history. We have to be well-informed, not only about current events but well-versed in the basics of our rights and duties as citizens. If not, in perceived times of crisis, we may very well find ourselves in the clutches of a governmental system that is alien to everything for which America stands.

Therein is the menace to our freedoms.

So stop falling for the distractions. Stop allowing yourself to be fooled by propaganda and partisan politics. Stop acting as if the only thing worth getting outraged about is whether a bunch of football players stand or kneel for the National Anthem.

Stop being armchair patriots and start acting like foot soldiers for the Constitution.

Published:9/25/2017 11:18:12 PM
[World] Trump's DACA decision hit with five lawsuits in three weeks Three weeks ago, the Trump administration announced it would end DACA. Since then, national groups and state leaders have taken significant.... Published:9/25/2017 11:18:12 PM
[Science] Roy Moore pulls his gun out in front of the crowd at campaign rally Moore and Strange's run-off election is Tuesday. The successful candidate will continue to the general election to determine who will serve.... Published:9/25/2017 11:18:12 PM
[Abortion] Planned Parenthood backs ‘Do No Harm’ campaign but with MAJOR exceptions Hippocrates hijacked Published:9/25/2017 11:18:12 PM
[Football] Redskins best Raiders on and off the field (Paul Mirengoff) I’ve been a Washington Redskins fan since 1958. I almost never miss a Redskins game and rarely watch NFL regular season games that don’t involve the Redskins. However, if the Redskins had refused to come out on the field during the playing of the National Anthem or if most the team had taken a knee while the Anthem was played, I think I would have ended my 60 year relationship Published:9/25/2017 10:46:04 PM
[Politics] Sanders: ‘I Speak Only for Myself’ on Wanting to Guarantee Health Care for All

The post Sanders: ‘I Speak Only for Myself’ on Wanting to Guarantee Health Care for All appeared first on Washington Free Beacon.

Published:9/25/2017 10:46:04 PM
[Bitcoin] "Bitcoin Jesus" Is Trying To Create A Sovereign "Libertarian Utopia"

Roger Ver - a.k.a bitcoin Jesus - and Olivier Janssens are trying to transform a long-sought after libertarian ideal into a reality. As CoinTelegraph reports, the pair has announced that they’re in the process of creating the first independent state governed by libertarian values – and they’ve invited any like-minded individuals to join them.

The pair said Friday that they’re working with a team of lawyers to try and figure out how to legally create their own independent country. Ver is a longtime advocate of bitcoin who surrendered his US citizenship and became a citizen of St. Kitts and Nevis a few years back.

The pair have yet to disclose the location, nor has indicated what entry standards would be required.

The country, which would be reminiscent of Ayn Rand’s Galtian paradise, is intended to be a place where those who reject governmental controls and seek to maintain libertarian freedoms can gather and promote a truly free society.

CoinTelegraph reports that the locations being evaluated include areas that are safe and conflict-free, but also enjoy proximity to economic centers in the US, Europe, and Asia, while also being accessible by water. The team is hoping to offer a stable government with substantial national debt a way to eliminate some of that debt with a land lease to FreeSociety. On its website, the team says they’ve started preliminary talks with governments and interest “is much higher than initially expected.”

While Ver told CoinTelegraph that the country “isn’t an ICO”, it’s unclear how the FreeSociety team would acquire the money needed to purchase land upon which to build their sovereign nation.

Of course, Ver & Co. aren’t the first to attempt this. In 2008, billionaire venture capitalist Peter Thiel launched an initiative to develop a floating city, called a seastead, that would serve as a permanent, politically autonomous settlement. He invested some $1.7 million in The Seasteading Institute, and resigned from its board in 2011. Back in February, he told the New York Times’s Maureen Dowd. However, it appears the Seasteading Institute plans to soldier on without Thiel.

According to Business Insider, the group recently met with officials in French Polynesia, an island chain located in the South Pacific, and discussed plans to develop a seastead off its coast. If things go as planned, the institute might break ground as early as 2017.

Published:9/25/2017 10:46:04 PM
[Markets] Asia Markets: Tech stocks, North Korea tensions drag Asian markets down Equity markets in Asia were lower on Tuesday, hurt by fresh threats from North Korea and weakness among key technology stocks.
Published:9/25/2017 10:46:04 PM
[Government] Twitter says it hasn’t deleted Trump’s provocative North Korea tweet because of “newsworthiness”  After North Korea’s top diplomat described President Donald Trump’s recent tweets about the country as a “declaration of war,” Twitter explained why it hasn’t deleted the offending tweets. Read More
Published:9/25/2017 10:46:04 PM
[69244054-cc05-4348-96ce-7f85159e8cc6] Marc Anthony to Trump: Shut the f--- up about NFL, worry about Puerto Rico Marc Anthony has some scathing words for Donald Trump, pleading with the president to forget about football and focus instead on hurricane-hammered Puerto Rico. Published:9/25/2017 10:46:04 PM
[Issues] Dallas Cowboys, Owner Jerry Jones, Kneel Before Anthem

The Dallas Cowboys briefly took a knee on Monday night, joined by owner Jerry Jones in a display of solidarity with other protesting football teams.

The post Dallas Cowboys, Owner Jerry Jones, Kneel Before Anthem appeared first on Washington Free Beacon.

Published:9/25/2017 10:18:08 PM
[The Declaration] Jordin Sparks Sings National Anthem During Monday Night Football — But Sneaks in a Hidden Message Look closely... Published:9/25/2017 10:18:06 PM
[American people of German descent] Series Of Videos Reveal That ESPN's Transition To MSNBC-Lite Is Now Complete

We should have known the moment that their Asian announcer, Robert Lee (did we mention he's Asian), got pulled from the William and Mary vs. University of Virginia college football game last month for having the same name as a Confederate General that ESPN's transition from sports commentary to 'MSNBC-Lite' was inevitable.  Now, just one month after that fateful decision, it appears that ESPN's metamorphosis is complete.

As the Daily Caller noted, the following series of clips from today on ESPN proves that the network has turned into a running political talk show centered around one man: President Trump.

When asked if Sunday’s protests were primarily against Trump rather than against racial injustice, ESPN commentator and former NFL safety Louis Riddick simply responded, “Sure.”

 

“Sure, because the players felt attacked and disrespected. The players are like, you are going there name calling because we are trying to protest against something we have a right and freedom to protest against peacefully, and you make it personal and use derogatory names and paint us all with a derogatory brush?” Riddick said.

 

“[Trump] is what they were protesting yesterday in and of itself, and spurred on the spike [in protests]. But I think the players in general, African-Americans in general, minorities in general, still have a bigger picture in mind. There is something bigger they are after. They are after equality and fair treatment but we can’t get there because all we keep talking about is, ‘should you had stand or shouldn’t you stand,'” he complained.

 

Meanwhile, Max Kellerman questioned whether President Trump would make it to the end of his first term in office just before launching into a tirade over Trump losing the popular vote.

 

And here is Kellerman explaining why LeBron James has every right to call the President a bum...though we do wonder whether he would have held the same opinion if a player made the same comments about President Obama.

 

Meanwhile, these guys managed to link the weekend's entire controversy back to immigration reform!?!?

 

It seems that an incredibly aggressive strain of Trump Derangement Syndrome is now spreading throughout television studios all across the country.

Published:9/25/2017 10:18:06 PM
[The Blog] LeBron James on why Ohio voted for Trump: Lack of education

"I don't think a lot of people was educated."

The post LeBron James on why Ohio voted for Trump: Lack of education appeared first on Hot Air.

Published:9/25/2017 10:18:06 PM
[Markets] Nvidia strikes deals for AI-focused chips with Chinese tech giants Nvidia Inc. CEO Jensen Huang announced late Monday evening that the company will be supplying its GPU hardware to several of China’s largest cloud computing providers and server hardware manufacturers.
Published:9/25/2017 10:18:06 PM
[Artificial Intelligence] JD X taps Nvidia for drone deliveries, rescue and agricultural use  GPU maker Nvidia has announced that it will work with retail giant JD.com to help with an outdoor robotics initiative that sprung out of JD X, the commerce company’s innovation lab. JDrone and JDrover are two new robots, the former aerial and the latter ground-based, and both Nvidia’s Jetson platform for embedded AI-based navigation intelligence. JDrover is going to be put to use… Read More
Published:9/25/2017 10:18:06 PM
[Entertainment] WATCH: Amid chorus of boos, Cowboys owner Jerry Jones takes knee with team in Arizona

"As they take a knee collectively boos can be heard from this sellout crowd."

The post WATCH: Amid chorus of boos, Cowboys owner Jerry Jones takes knee with team in Arizona appeared first on twitchy.com.

Published:9/25/2017 10:18:06 PM
[World] The Latest: Graham defends McCain vote against health bill WASHINGTON (AP) — The Latest on the Republican effort to overhaul the Obama health law (all times local): Published:9/25/2017 9:51:14 PM
[Constitution] A Constitutional Anniversary To Forget

Authored by Antonius Aquinas,

While not a jubilee year, last week marked the 230th anniversary of the US Constitution.

Naturally, most of its devotees enthusiastically praised the document which by now is seen on a par with Holy Writ itself.  An editorial from Investor’s Business Daily provides an example of such hagiography:

The Constitution’s beauty is that it not only delineates our rights as Americans, but expressly limits and defines government’s ability to interfere in our private lives.   This equipoise between citizens’ duties, responsibilities and rights makes it the defining document or our nation’s glorious freedom.

 

But America is wonderful largely because of the Constitution and those who framed it . . . . What we have is too precious to squander . . . .

Most of the piece laments about the widespread ignorance of its sacred contents among the denizens in which it rules over and encourages the unlearned “to bone up a bit on your constitutional heritage . . . .” 

The editorial fails, as do most others on the Right, to understand that it is not a lack of knowledge of the Constitution’s contents among the populace which lies at the heart of America’s social, economic, and political problems, but the very document itself.

One of the main reasons why the Constitution continues to be so widely venerated is due to the deliberate distortion of history that its “founders” promoted and that generations of its sycophants have continued to perpetuate to this very day. 

The official narrative runs that the Constitution was enacted because of widespread popular support for a change to the supposed inadequacies and deficiencies of the Articles of Confederation.

This is a myth.

Instead, the Constitution was a coup deliberately schemed by the leading political and mercantile classes to set up a powerful central government where ultimate authority rested in the national state. 

The use of the term “federal” to describe what was created in Philadelphia in those fateful days was a ruse much like the banksters and politicos used “Federal Reserve” to describe the central bank created in 1913.  It was neither “federal” – a decentralized monetary order – nor a “reserve” of gold, but a monetary institution which could create money out of thin air and eventually eliminate the gold standard.

It was a similar political maneuver 230 years ago as a new American national state was established and touted as a decentralized form of government where power was evenly divided between state and national levels and between the different branches of the government itself  – “separation of powers.”  In actuality, however, the “federal system” was the elevation of central power at the expense of local authority which had previously existed.  Section VI of the Constitution says it all:

The Constitution and the laws of the United States  . . . shall be the supreme law of the land; and the judges in every state shall be bound thereby, anything in the Constitution or laws of any state to the contrary notwithstanding.

Elementary political science has shown and plain common sense knows that any person or institution given “supreme authority” will misuse and abuse such power.  Power tends to corrupt and absolute power corrupts absolutely is an undeniable dictum of human nature.  A truly decentralized system of governance would not contain a plank as “supreme law of the land” as part of its foundation.  Instead, real federalism would be dispersed, as it existed in the past in such political arrangements as confederacies, leagues, and, certainly, under the much maligned feudal social order.

Even the Constitution’s celebrated Bill of Rights is flawed and has proven to be ineffective in protecting basic human freedoms.  It is the federal government which enumerates and interprets what freedom individuals should possess.  Thus, the meaning and extent of individual liberties will be in the hands of federal jurists and courts who will invariably rule on cases in favor of the state.  The ensnaring of individual rights within the central government’s authority did away with the venerable common law which was a far greater defender of liberty than federal courts.

Just as important, the enactment of the Constitution, which brought all the individual states under it suzerainty, did away with one of the most significant checks on state power – “voting with one’s feet.”  When there are multiple governing authorities, if one jurisdiction becomes too oppressive, its subjects can move to freer domains.  This still happens on a local level as high tax and regulatory states such as California and New York have lost demographically to freer places like Nevada and Texas.  Yet, from the Federal Leviathan there is no escape, except expatriation.

Unless and until Americans and all the other peoples of the Western world who live under constitutional rule recognize that it is the type of government which is the cause of most of the political turmoil, social unrest, and economic malaise  which they face, there is no hope of turning things around.

Published:9/25/2017 9:51:14 PM
[Entertainment] Adam Levine Reveals Surprising Emotional Connection to The Voice's Dave Crosby and His Daughter Claire Adam Levine, The VoiceSay it with us now: Awwww! As if viral video stars Dave Crosby and his daughter Claire hadn't already stolen our hearts a million times over with their adorable duets of Disney...
Published:9/25/2017 9:51:14 PM
[Politics] Dallas Cowboys TAKE A KNEE on Monday Night Football… but NOT during National Anthem! Well this was clever. People are freaking out because “America’s Team” took a knee before the game in union tonight. BUT they didn’t do it during the National Anthem. They did it . . . Published:9/25/2017 9:51:14 PM
[Politics] Dallas Cowboys TAKE A KNEE on Monday Night Football… but NOT during National Anthem! Well this was clever. People are freaking out because “America’s Team” took a knee before the game in union tonight. BUT they didn’t do it during the National Anthem. They did it . . . Published:9/25/2017 9:51:14 PM
[World] Steve Bannon demands 'review' of Trump's Luther Strange endorsement "This is unnacceptable," Bannon said of the attack ads against Moore. Published:9/25/2017 9:51:14 PM
[Markets] Trump: Puerto Rico is in ‘deep trouble’ Hurricane-battered Puerto Rico is in “deep trouble,” President Donald Trump said Monday night, citing its “broken infrastructure” and “massive debt.”
Published:9/25/2017 9:51:14 PM
[Science] Jimmy Kimmel applauds Susan Collins for pulling her support from Graham-Cassidy healthcare bill "Thank you @SenatorCollins for putting people ahead of party," Kimmel tweeted. "We are all in your debt." Published:9/25/2017 9:51:14 PM
[World] Ken Burns’s ‘Vietnam War’ is No Profile in Courage Celebrated filmmaker continues tradition of avoiding inconvenient truths. Published:9/25/2017 9:51:14 PM
[World] Hillary Clinton Rips Female Trump Supporters Publicly Disrespecting Themselves

Hillary Clinton said women who support President Trump are "publicly disrespecting themselves."

Published:9/25/2017 9:15:14 PM
[News] Tucker on NFL: It's 'Disgusting' to See 'Pampered Millionaires Giving the Rhetorical Finger to' US "When our elites attack our national symbols..." Published:9/25/2017 9:15:11 PM
[Entertainment] How Kevin Can Wait Handled Donna's Death in Season 2 Premiere Erinn Hayes, Kevin Can WaitViewers no longer have to wait. In a unexpected twist, it was a sitcom that delivered one of the most buzzed-about deaths of the season, with Kevin Can Wait finally revealing how Donna...
Published:9/25/2017 9:15:11 PM
[Charlotte Jones Anderson] Crowd Boos As Entire Cowboys Team, Owner, & G.M. 'Take A Knee' In Arizona

In an apparent demonstration of unity, the entire Dallas Cowboys team, Cowboys owner and general manager Jerry Jones, as well as executive vice presidents Stephen Jones, Charlotte Anderson and Jerry Jones Jr., all decided to 'take a knee', notably before the national anthem was sung.

Boos were heard from the crowd in Arizona which reportedly included a large number of Dallas fans...

"as they take a knee collectively, boos can be heard from this sell-out crowd in Arizona..."

As ESPN reports, Jerry Jones and his daughter, Charlotte Jones Anderson, said their players wanted to take a knee as a statement for equality and unity, but also wanted to separate that message from the national anthem.

A little less than an hour before kickoff, Jerry Jones said he respected the players "individually and collectively," but he did not want to get into the political element of the debate.

"We want them to do what's in the best interest of the Dallas Cowboys," Jones said.

 

"That's where the obligation is and again I don't want to get into this area of debate but I do want to emphasize how important it is to me that we respect the sanctity of the flag."

Jones was one of seven NFL owners to donate to Trump's inauguration.

Published:9/25/2017 9:15:11 PM
[World] Steve Bannon: I wear McConnell's contempt 'with a badge of honor' "The elites represented by Mitch McConnell hold me in contempt," Bannnon told Fox News' Sean Hannity in a rare TV interview. "They think I'm... Published:9/25/2017 9:15:11 PM
[Academic left] The Disgrace at Hamilton College (Steven Hayward) I have a hypothesis that some day I’ll get around to gathering evidence about; namely, that private liberal arts colleges are actually worse for their narrow political correctness than big research universities like Berkeley, the University of Colorado at Boulder, or Harvard. Although Berkeley has been wracked recently over the issue of free speech and the promised/threatened visit by Milo, the most shocking events of the past year have occurred Published:9/25/2017 9:15:11 PM
[The Blog] Sanders: If NFL players are upset about police brutality, why aren’t they protesting police at the game?

Wut.

The post Sanders: If NFL players are upset about police brutality, why aren’t they protesting police at the game? appeared first on Hot Air.

Published:9/25/2017 9:15:11 PM
[Entertainment] George Takei sets #TakeTheKnee phasers to HOT TAKE & melts Twitter

You just KNEW there was a North Korea angle to all this!

The post George Takei sets #TakeTheKnee phasers to HOT TAKE & melts Twitter appeared first on twitchy.com.

Published:9/25/2017 9:15:11 PM
[Science] Lindsey Graham: Bernie Sanders is the 'most honest person in the Senate' The two senators sparred over healthcare in a debate Monday night. Published:9/25/2017 9:15:11 PM
[] Monday Overnight Open Thread (9/25 (My kind of downtown) ***** The Quotes of The Day Quote I Education without values, as useful as it is, seems rather to make man a more clever devil. C. S. Lewis Quote II A successful individual typically sets... Published:9/25/2017 9:15:11 PM
[Markets] Russian operatives used Facebook ads to exploit America’s racial and religious divisions A sophisticated influence campaign tried to employ such things as Black Lives Matter and wariness of Muslims as wedges. Published:9/25/2017 8:48:42 PM
[World] Sean Hannity Blasts Roger Goodell NFL National Anthem Kneeling Players

Sean Hannity blasted NFL players who knelt during the national anthem, as well as league commissioner Roger Goodell.

Published:9/25/2017 8:48:42 PM
[World] Collins' opposition all but kills GOP health care drive WASHINGTON (AP) — The last-gasp Republican drive to tear down President Barack Obama's health care law essentially died Monday as Maine Sen. Susan Collins joined a small but decisive cluster of GOP senators in opposing the push. Published:9/25/2017 8:48:41 PM
[Entertainment] This Is Us Season 1's Most Emotional Moments Ranked by the Tears They Made Us Shed This Is UsIt's no secret that the first season of This Is Us left us sitting in puddles of our own tears by the time the credits rolled, week in and week out. Seriously, if you told us the NBC show had...
Published:9/25/2017 8:48:40 PM
[Uncategorized] Dear NFL: I’m not “boycotting” you. I just don’t care anymore, about you. You tried to make me care, but now I don't care at all. Published:9/25/2017 8:48:40 PM
[The Blog] Sadly the NY Times is back to questioning the value of free speech

"Undoubtedly, left-wing 'antifa' groups have contributed to the security risks..."

The post Sadly the NY Times is back to questioning the value of free speech appeared first on Hot Air.

Published:9/25/2017 8:48:40 PM
[World] Tax cut for all Americans will help workers

Trimming corporate taxes puts more money in workers' pockets

When you hear the phrase "corporate tax cut," what do you picture? Middle-class workers, or Uncle Moneybags, the character from the Monopoly board game?

Probably the latter, unfortunately. Too many Americans buy into the popular misconception that such a cut would ... Published:9/25/2017 8:48:40 PM

[eCommerce] Package delivery startup Doorman is shutting down Doorman girl signing Doorman, a startup delivering packages when you schedule them will be no more after October 6th, 2017. The startup sent a letter over the weekend letting customers know it would no longer be in business in two weeks, saying it was “joining forces with a larger team.” We’re not sure if this joining of forces means Doorman has been acquired or if it’s some other structure. Read More
Published:9/25/2017 8:48:40 PM
[American imperialism] The Exit Strategy Of Empire

Authored by Wendy McElroy via The Future of Freedom Foundation,

The Roman Empire never doubted that it was the defender of civilization. Its good intentions were peace, law and order. The Spanish Empire added salvation. The British Empire added the noble myth of the white man’s burden. We have added freedom and democracy.

 

- Garet Garrett, Rise of Empire

The first step in creating Empire is to morally justify the invasion and occupation of another nation even if it poses no credible or substantial threat. But if that’s the entering strategy, what is the exit one?

One approach to answering is to explore how Empire has arisen through history and whether the process can be reversed. Another is to conclude that no exit is possible; an Empire inevitably self-destructs under the increasing weight of what it is — a nation exercising ultimate authority over an array of satellite states. Empires are vulnerable to overreach, rebellion, war, domestic turmoil, financial exhaustion, and competition for dominance.

In his monograph Rise of Empire, the libertarian journalist Garet Garrett (1878–1954), lays out a blueprint for how Empire could possibly be reversed as well as the reason he believes reversal would not occur.  Garrett was in a unique position to comment insightfully on the American empire because he’d had a front-row seat to events that cemented its status: World War II and the Cold War. World War II America already had a history of conquest and occupation, of course, but, during the mid to late 20th century, the nation became a self-consciously and unapologetic empire with a self-granted mandate to spread its ideology around the world.

A path to reversing Empire

Garrett identifies the first five components of Empire:

  • the dominance of executive power: the White House reigns over Congress and the judiciary.
  • the subordination of domestic concerns to foreign policy: civil and economic liberties give way to military needs.
  • the rise of a military mentality: aggressive patriotism and obedience are exalted.
  • a system of satellite nations in the name of collective security;
  • and a zeitgeist of both zealous patriotism and fear: bellicosity is mixed with and sustained by panic.

These are not sequential stages of Empire but occur in conjunction with one another and reinforce each other. That means that an attempt to reverse Empire in the direction of a Republic can begin with weakening any of the five characteristics in any order.

Garrett did not directly address the strategy of undoing Empire but his description of its creation can be used to good advantage. The first step is to break down each component of Empire into more manageable chunks. For example, the executive branch accumulates power in various ways. They include:

  • By delegation — Congress transfers its constitutional powers to the president.
  • By reinterpretation of the Constitution by a sympathetic Supreme Court.
  • Through innovation by which the president assumes powers that are not constitutionally forbidden because the Framers never considered them.
  • By administrative agencies that issue regulations with the force of law.
  • Through usurpation — the president confronts Congress with a fait accompli that cannot easily be repudiated.
  • Entanglement in foreign affairs makes presidential power swell because, both by tradition and the Constitution, foreign affairs are his authority.

Deconstructing these executive props, one by one, weakens the Empire. When all five components are deconstructing, the process presents a possible path to dissolving Empire itself.

A sixth component of Empire

But in Rise of Empire, Garet Garrett offers a chilling assessment based on his sixth component of Empire. There is no path out. A judgment that renders prevention all the more essential.

That was why Garrett does not deal with how to reverse the process of Empire. Once an empire is established, he argues, it becomes a “prisoner of history” in a trap of its own making. He writes, “A Republic may change its course, or reverse it, and that will be its own business. But the history of Empire is a world history and belongs to many people. A Republic is not obliged to act upon the world, either to change it or instruct it. Empire, on the other hand, must put forth its power.”

In his book For A New Liberty, Murray Rothbard expands on Garrett’s point: “[The] United States, like previous empires, feel[s] itself to be ‘a prisoner of history.’ For beyond fear lies ‘collective security,’ and the playing of the supposedly destined American role upon the world stage.”

Collective security and fear are intimately connected concepts. It is no coincidence that the sixth component of Empire — imprisonment — comes directly after the two components of “a system of satellite nations” and, “a complex of vaunting and fear.”

Satellite nations

“We speak of our own satellites as allies and friends or as freedom loving nations,” Garrett wrote.

 

“Nevertheless, satellite is the right word. The meaning of it is the hired guard.” Why hired? Although men of Empire speak of losing China [or] Europe … [how] could we lose China or Europe, since they never belonged to us? What they mean is that we … may lose a following of dependent people who act as an outer guard.”

An empire thinks that satellites are necessary for its collective security. Satellites think the empire is necessary for territorial and economic survival; but they are willing to defect if an empire with a better deal beckons. America knows this and scrambles to satisfy satellites that could become fickle. Garrett quotes Harry Truman, who created America’s modern system of satellites. “We must make sure that our friends and allies overseas continue to get the help they need to make their full contribution to security and progress for the whole free world. This means not only military aid — though that is vital — it also means real programs of economic and technical assistance.“

In contrast to a Republic, Empire is both a master and a servant because foreign pressure cements it into the military and economic support of satellite nations around the globe, all of which have their own agendas.

Garrett also emphasizes how domestic pressure imprisons Empire. One of the most powerful domestic pressures is fear. An atmosphere of fear  — real or created — drives public support of foreign policy and makes it more difficult for Empire to retreat from those policies. In his introduction to Garrett’s book Ex America, Bruce Ramsey addresses Garrett’s point. Ramsey writes, Empire has “‘less control over its own fate than a republic,’ he [Garrett] commented because it was a ‘prisoner of history’, ruled by fear. Fear of what? ‘Fear of the barbarian.’”

It does not matter whether the enemy is actually a barbarian. What matters is that citizens of Empire believe in the enemy’s savagery and support a military posture toward him. Domestic fear drives the constant politics of satellite nations, protective treaties, police actions, and war. Foreign entanglements lead to increased global involvement and deeper commitments. The two reinforce each other.

The fifth characteristic of Empire is not merely fear but also “vaunting.” Vaunting means boasting about or praising something excessively — for example, to laud and exaggerate America’s role in the world. Fear provides the emotional impetus for conquest; vaunting provides the moral justification for acting upon the fear. The moral duty is variously phrased: leadership, a balance of power, peace, democracy, the preservation of civilization, humanitarianism. From this point, it is a small leap to conclude that the ends sanctify the means. Garrett observes that “there is soon a point from which there is no turning back….The argument for going on is well known. As Woodrow Wilson once asked, ‘Shall we break the heart of the world?’ So now many are saying, ‘We cannot let the free world down’. Moral leadership of the world is not a role you step into and out of as you like.”

Conclusion

In this manner, Garrett believed, Empire imprisons itself in the trap of a perpetual war for peace and stability, which are always stated goals. Yet, as Garrett concluded, the reality is war and instability.

It is not clear whether he was correct that Empire could not be reversed. Whether or not he was, it is at its creation that Empire is best opposed.

Published:9/25/2017 8:48:40 PM
[US Politics] Another serious injustice: Now Twitter gets to teach Kamala Harris how bail works

The Kamala Harris 2020 platform is shaping right up: health care should be free, and so should anyone waiting to be bailed out of jail.

The post Another serious injustice: Now Twitter gets to teach Kamala Harris how bail works appeared first on twitchy.com.

Published:9/25/2017 8:48:40 PM
[World] Trump trolls John McCain by posting video of him repeating repeal and replace "John McCain never had any intention of voting for this Bill, which his Governor loves," he tweeted Saturday morning. "He campaigned on Repe... Published:9/25/2017 8:48:40 PM
[Science] Bernie Sanders defends government-run healthcare proposal as building on Obamacare Sen. Bernie Sanders, I-Vt., defended his Medicare for All Act. Published:9/25/2017 8:48:40 PM
[] Mike Rowe: If You Want to Change the Media, Stop Whining About it and Take Action -- Just Turn the Damn TV Off I love the way he puts this. No one said freedom was delivered to your doorstep in two days with Amazon Prime. In fact, quite a few people have said it requires active participation, and sometimes, even a sacrifice or... Published:9/25/2017 8:48:40 PM
[Politics] Senate GOP effort to unwind the ACA collapses Monday Sen. Susan Collins’s opposition, after the CBO estimated millions would lose coverage, doomed the bill. Published:9/25/2017 8:15:06 PM
[World] Tucker Carlson Rips NFL Players Kneeling For National Anthem Protests

Tucker Carlson criticized NFL players who knelt during the national anthem.

Published:9/25/2017 8:15:06 PM
[The Response] Ivanka Trump Gets Her Own Emailghazi Scandal Another day, another private email used for government business by a Trump. Published:9/25/2017 8:15:05 PM
[Entertainment] Jeffrey Dean Morgan and Hilarie Burton: Inside the Hollywood Pair's Private Relationship Hilarie Burton, Jeffrey Dean MorganWhen it comes to undercover celebrity couples, Jeffrey Dean Morgan and Hilarie Burton's years-long relationship is almost unrivaled. But perhaps that's why The Walking Dead star...
Published:9/25/2017 8:15:05 PM
[Bali] 50,000 Evacuated From Bali As Nation Faces Imminent Volcanic Eruption

Authored by Mac Slavo via SHTFplan.com,

Fears of an imminent eruption on the Indonesian tourist island of Bali have led to the evacuation of an estimated 50,000 people.  

The Mount Agung volcano is going to erupt, scientists say.

Waskita Sutadewa, the spokesman for the disaster mitigation agency in Bali, said people have scattered to all corners of the island and some have crossed to the neighboring island of Lombok.

Indonesian authorities raised the volcano’s alert status to the highest level on Friday following a dramatic increase in seismic activity. It last erupted in 1963, killing about 1,100 people.

Villagers are staying in temporary camps, sports centers, village halls, or with friends and relatives. Some do return to the exclusion zone during the day to tend to their livestock or shift the animals to areas further from the volcano for their safety. Others say they are selling their cows because they don’t know when they’ll be able to return.

“It’s obviously an awful thing. We want to be out of here just to be safe,” said an Australian woman at Bali’s airport who identified herself as Miriam. National Disaster Mitigation Agency spokesman Sutopo Purwo Nugroho said hundreds of thousands of face masks will be distributed in Bali as part of government humanitarian assistance that includes thousands of mattresses and blankets. Indonesia is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

Government volcanologist Surono, who uses one name, said the feared eruption could be huge and potentially also close airports in East Java and Lombok, according to local media reports. Agung is in the north of the island about 43 miles from the tourist hotspot of Kuta. People have been told to stay at least 6 miles from the crater, but to stay 7.5 miles away when to the north, northeast, southeast, and south-southwest.

Over the past 5,000 years, Agung has erupted once a century on average and about a quarter of its eruptions have been a similar or stronger strength than 1963. Macquarie University volcanologist Heather Handley said the eruptions in 1843 and 1963 had a Volcanic Explosivity Index of about 5 on a scale where 8 would be the strength of an ancient supervolcano eruption such as Yellowstone in the U.S. or Toba in Indonesia.

Although officials have said there is no immediate threat to tourists, a significant eruption would force the closure of Bali’s international airport, stranding thousands. The island is famous for its surfing, beaches and its elegant Hindu culture is still safe to visit. Bali’s Ngurah rai International Airport has been operating normally since the alert status for Mount Agung was raised to the highest level on Friday.

Nearly 5 million tourists visited Bali last year.

Published:9/25/2017 8:15:05 PM
[The Blog] Video: Best hit in NFL action yesterday was …

Minnesota Nice.

The post Video: Best hit in NFL action yesterday was … appeared first on Hot Air.

Published:9/25/2017 8:15:05 PM
[Crime] Violent Crime Rates Rise, But Liberals Take No Responsibility (John Hinderaker) We have written a number of times about the U.S.’s rapidly increasing violent crime rate, which dates to the Ferguson fiasco and the rise of Black Lives Matter. Liberals, meanwhile, assure us that it is all a coincidence. The Associated Press admits that violent crime has spiked: Violent crime in America rose in 2016 for the second straight year, driven by a spike in killings in some major cities, but Published:9/25/2017 8:15:05 PM
[Science] Trump breaks Twitter silence on Puerto Rico: It's 'in deep trouble' "Texas & Florida are doing great but Puerto Rico, which was already suffering from broken infrastructure & massive debt, is in deep.... Published:9/25/2017 8:15:05 PM
[US Politics] Poster observing #NativeWomenEqualPay Day earns the respect it deserves

If you forgot to observe Native Women Equal Pay Day by wallowing in misery, don't worry; Latina Women Equal Pay Day is just around the corner.

The post Poster observing #NativeWomenEqualPay Day earns the respect it deserves appeared first on twitchy.com.

Published:9/25/2017 8:15:04 PM
[World] Michel Faulkner Former NYJ Player Says Keep Teams in Locker Rooms If They Kneel

New York City Public Advocate candidate Rev. Michel Faulkner (R) offered a solution to the epidemic of national anthem kneeling at NFL games.

Published:9/25/2017 7:47:55 PM
[The Blog] Walmart offers to send a stranger to your house to stock your fridge when you’re not home

How did we not think of this before?

The post Walmart offers to send a stranger to your house to stock your fridge when you’re not home appeared first on Hot Air.

Published:9/25/2017 7:47:54 PM
[Brazil] Russians & Chinese Are More Worried About 'Fake' Content Than Americans

The Germans are the people least worried about fake content on the internet.

According to a survey by the BBC, only 14 percent are very perturbed by content possibly being fake. Another 33 percent are somewhat worried. So, while 47 percent overall are worried to some degree, this is a low figure compared to how worried people in other countries are.

However, as Statista's Dyfed Loesche notes, in Brazil, most people are concerned: 92 percent are worried about what's real and what's fake.

Perhaps most notably however, while American politicians (on the left) continue to push the narrative of 'fake' content, fewer Americans "worry about what is real and fake in the web" than in Russia, China, Spain, France, or Greece (though notably the percentage who 'strongly agree' is dramatically high relative to other nations).

Infographic: Who's Most Worried About Fake Content on the Web? | Statista

You will find more statistics at Statista

The study also finds that more people in 2017 than in 2010 say that the internet should never be regulated by government (58 percent in 2017 to 51 percent in 2010).

But slightly less people than in 2010 think the internet is a safe place to express their opinions (46 to 48 percent).

16,542 adults in 18 countries took part in the survey, of which 11.799 used the internet, conducted by GlobeScan.

Published:9/25/2017 7:47:54 PM
[Science] Adm. Scott Swift will retire after not being tapped for commander of the U.S. Pacific Command "Whether my timeline of remaining service is six weeks or six months, I will fill that time with the energy of an Ensign and the wisdom draw... Published:9/25/2017 7:47:54 PM
[Entertainment] Kelly Ripa Can't Get Enough of Ryan Seacrest and His Girlfriend Shayna Taylor Kelly Ripa, Ryan Seacrest, Live! With Kelly and RyanWe can officially count Kelly Ripa in the Ryan Seacrest--Shayna Taylor fan club. As LIVE With Kelly and Ryan viewers know, being a great co-host partly means you are open and honest about...
Published:9/25/2017 7:47:54 PM
[Markets] The Wall Street Journal: Fed’s Kashkari again says more Fed rate hikes are a bad idea Federal Reserve Bank of Minneapolis President Neel Kashkari reiterated Monday that he believes raising rates right now is a mistake.
Published:9/25/2017 7:47:54 PM
[Politics] Susan Collins a No Vote on Graham-Cassidy Repeal and Replace Plan

Senator Susan Collins (R,. Maine) announced Monday evening that she opposes the Graham-Cassidy healthcare bill, effectively sinking the GOP's last repeal and replace effort.

The post Susan Collins a No Vote on Graham-Cassidy Repeal and Replace Plan appeared first on Washington Free Beacon.

Published:9/25/2017 7:47:54 PM
[Politics] TRUMP TWEETS that John Kelly agrees with him, BASHES NFL and media… While people are literally dying from lack of resources in the areas stricken by hurricanes, President Trump is showing his critics that he’s a serious leader by stomping down anyone who disagrees . . . Published:9/25/2017 7:47:54 PM
[Politics] TRUMP TWEETS that John Kelly agrees with him, BASHES NFL and media… While people are literally dying from lack of resources in the areas stricken by hurricanes, President Trump is showing his critics that he’s a serious leader by stomping down anyone who disagrees . . . Published:9/25/2017 7:47:54 PM
[The Declaration] After Coach's Response, Look at What Steelers Player Who Stood Alone for Anthem Is Now Saying "People die for the flag." Published:9/25/2017 7:14:49 PM
[Politics] Dem Rep. Jeffries Implies Trump is a KKK Member

The post Dem Rep. Jeffries Implies Trump is a KKK Member appeared first on Washington Free Beacon.

Published:9/25/2017 7:14:49 PM
[Entertainment] It Movie Sequel Set to Scare Audiences in September 2019 Bill Skarsgard, Pennywise the Dancing Clown, ItWe have two years to prepare ourselves for Pennywise's return! On Monday it was announced by Warner Bros. and New Line Cinema that the It movie sequel will be released in theaters on...
Published:9/25/2017 7:14:48 PM
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