Political Polarization & Media Habits
Amy Mitchell, Jeffrey Gottfried, Jocelyn Kiley And Katerina Eva Matsa
Krugman concludes: "The truth is that a lot of what’s going on in American politics is, at root, a fight between democracy and plutocracy. And it’s by no means clear which side will win."
It is interesting to consider what would have befallen the UK had it been part of the Eurozone in 2008. To get a small sense of that, one should consider the period in the late 1980s and early 1990s, when the UK joined the Exchange Rate Mechanism (ERM), which was the forerunner to the European Monetary Union. One major reason for the collapse of the UK economy in the early 1990s was the property bubble crashing/bursting, although it was also a product of the UK’s stupid entry into the Exchange Rate Mechanism (ERM), which meant that the Bank of England was conducting monetary policy with a view toward sustaining an increasingly overvalued exchange rate (which meant higher and higher prices, which in turn crushed demand and killed the property boom). The existence of the property bubble made the fall that much more calamitous. But in fact, George Soros did the country a huge favour when he led a speculative attack on the pound, forced it to leave the ERM and thereby gave the UK economy the flexibility to grow again through a combination of sterling devaluation (which boosted exports – much like Canada in the early 2000s) and giving debtors a relief from high interest rates, which were abandoned when sterling was allowed to float freely again.Macrobits by Marshall Auerback
Congressional neocons are determined to sink negotiations to constrain but not end Iran’s nuclear program – all the better to get on with bombing Iran at the heart of their agenda. They are now disguising their sabotage as a constitutional argument, as ex-CIA analyst Paul R. Pillar explains.Regime change is the neocon goal and they won't settle for less in the march toward neoliberal globalization under oligarchic "democracy."
The day before another member of Putin's inner circle, Vyasheslav Volodin, made similar remarks, telling foreign journalists "an attack on Putin is an attack on Russia."I came to a similar conclusion about at orchestrated attempt at regime change some time ago. It's either abysmal reporting or an organized campaign or some of both. I suspect some of both, with the planted messaging being picked up by the echo chamber without verifying facts or presenting other views, creating an impression of monolithic truth. What made me particularly suspicious was the obvious attempt to front-run the news and capture the news cycle. This likely explains Putin's strong choice of words in his address at the Valdai discussions.
The logic, they argue, is that by defaming the leader of a country, you weaken his power domestically by undermining popular support for him, and internationally, by rallying popular opinion to support policies against that country. The ultimate goal, they argue, is to weaken the country itself. They also talk about regime change.
They argue that if one looks at the facts, that there is evidence of ongoing character assassination which cannot be explained by a vague popular zeitgeist in the West, but is more likely the result of a dedicated effort to introduce this defamation into the news flow.…
The issue of manipulation of news by intelligence services has been in the news recently with revelations that the CIA and German Secret Service (GSS) have long-running programs to influence how media executives and top journalists convey and interpret the news, including direct cash payments.
@Where-Wolf:So long as Putin and You believe Russia can help save the world from fascism I have reason to hope.
I don't think that Russia can save the world, at best Russia can save Russia, but by saving Russia Russia can indeed help others, such as the Ukraine and, frankly, even the USA. At the core, this is not about nations, nationalities or ethnicities, it is about politics: on one side - imperialism, violence, wars, aggression, lies, exploitation, deception, social degeneration, an ideology of profit and greed above all else, injustice, discrimination and hatred, hatred and more hatred. On the other, I see a very diverse constellation of different forces of resistance who in many ways are very different from each other, but who *accept* that diversity and refuse to turn the planet in a mix of a McDonald's and the Gulag in Gitmo. By refusing to be incorporated into the AngloZionist "Borg" Russia can, and does, lead the rest of the countries who dare defy our planetary overlords. And, to be honest, I am absolutely sure that we all will prevail. The question for me is at what costs. That is what keeps me awake at night and fearful for the future of my kids.
This post is a short follow-up to the Ukraine mini-SITREP: very ominous developments post I did a couple of days ago.
Several of you have noticed what can only be called a declaration of war on Russia by one of the top figures of the AngloZionist international capital, George Soros who has declared that "Russia is an existential threat to Europe". First, Khodorkovsky, now Soros - it is pretty clear who is gunning for Russia and how, and it is equally clear that what these financiers are really admitting by their bellicose statements is that Putin is an existential threat to them. In the latter statement, they are actually 100% correct (proving one more time that those who say that Putin is an oligarchic puppet are just useful and manipulated idiots).
Nuland, Soros, Khodorkovsky, Hillary, Friedman and the list goes on and on and on. The entire Neocon cabal is out for war and they are putting tremendous pressure on the rest of the planet to join…The globalizers are getting concerned that things are not playing out as they wish and that some people have other ideas.
Vladimir Putin on Friday addressed a session of the Valdai international discussions clubTASS
Let’s agree right off the bat that $25 million is a lot of money.
The number of American households with a net worth of $25 million or more — excluding their home — reached a new record last year, according to a recent report by wealth management research provider Spectrem Group.
Yet the same survey found that those wealthy Americans still have plenty of financial concerns. Actually, they sound fairly miserable…and that’s in a survey taken well before the stock market took a tumble last week.
They may travel more, go to ballgames or concerts, or buy nice jewelry, but 70 percent of those surveyed said they get more satisfaction out of saving and investing their money than from spending it.
More than half said they worry about the next generation wasting the money they inherit. And almost a quarter (23 percent) said they worry “constantly” — constantly — about their financial situation.
Details of those new powers have yet to be released, but justice minister Peter MacKay indicated to reporters that they will include measures to allow the preventive detention of suspected would-be terrorists.
“We’re examining all those sections of the criminal code, and all measures under the law that will allow us, in some instances, to take pre-emptive measures,” he said.The Guardian
According to the latest Global Wealth Report by the Boston Consulting Group, worldwide private wealth grew by about 15 percent last year, almost twice as fast as in the 12 months previous.
The data expose a dangerous malfunction in capitalism's engine room. Banks, mutual funds and investment firms used to ensure that citizens' savings were transformed into technical advances, growth and new jobs. Today they organize the redistribution of social wealth from the bottom to the top. The middle class has also been negatively affected: For years, many average earners have seen their prosperity shrinking instead of growing.
Harvard economist Larry Katz rails that US society has come to resemble a deformed and unstable apartment building: The penthouse at the top is getting bigger and bigger, the lower levels are overcrowded, the middle levels are full of empty apartments and the elevator has stopped working.
It's no wonder, then, that people can no longer get much out of the system. According to polls by the Allensbach Institute, only one in five Germans believes economic conditions in Germany are "fair." Almost 90 percent feel that the gap between rich and poor is "getting wider and wider."
In this sense, the crisis of capitalism has turned into a crisis of democracy. Many feel that their countries are no longer being governed by parliaments and legislatures, but by bank lobbyists, which apply the logic of suicide bombers to secure their privileges: Either they are rescued or they drag the entire sector to its death.
"Recent accounts of athletes falling into financial distress have spurred some business schools to create specialized MBA programs for [athletes]"
Multibillionaire investor George Soros has issued a warning to Europe's democracies over the threat that a resurgent Russia poses to the continent.Business Insider
In an essay published Thursday in the New York Review of Books, Soros calls for more economic and military support for Ukraine, as well as the abandonment of the eurozone's current austerity programs.
In this, the third of the three pieces published by Foreign Affairs, Professor John Mearsheimer responds to the criticisms by former US Ambassadors Michael J. McFaul and Stephen Sestanovich of his original article in Foreign Affairs, which criticised US foreign policy towards Russia from a “realist” position. You can find Professor Mearsheimer’s original article here and those of McFaul and Sestanovichhere and here.Russia Insider
Lately, Germany has been taking a keen interest in the upcoming October 26 Ukrainian parliamentary elections. Bizarrely, they are full of praise for neo-nazi candidates.Russia Insider
For example, the publication Frankfurter Allgemeine Zeitung perhaps Germany’s most prestigious daily, recently dedicated a very sympathetic article to Oleh Lyashko. Who is this “Oleh”?
Lyashko was elected to parliament despite having a criminal record and having spent quality prison time for embezzlement. His neo-nazi militia group has been condemned by Human Rights Watch and Amnesty International for war crimes. His response to this was the Ukrainian equivalent of “in the fog of war stuff happens”. Ironically, he is also chairman of a subcommittee on - wait for it - “Rules and Ethics”.
Also recently, Die Zeit, Germany’s most prestigious weekly, published a profile interview with Semyon Semenchenko, the commander and founder of a neo-nazi militia referred to as the Donbass Battalion.
On June 29th members of his battalion staged a protest in front of the parliament demanding the immediate cessation of the truce declared on June 21st . A truce is bad news, of course, for bad-boy Nazi wannabes who want to rid Ukraine of communists, jews and Russians.
Not the least problem with giving positive coverage to extremists is that you embolden them. Semenchenko recently openly threatened President Poroshenko, calling “a traitor”, saying he would force Poroshenko to flee for his life from Ukraine unless hostilities against the pro-Russian separatists are resumed.
In a remarkable feat of irrationality Sementchenko even admitted to his battalion wearing Nazi insignia: "Yes, we wear swastikas, but such symbols do not mean much anymore".
The country's in fine condition: Weather Service stops receiving satellite data - http://t.co/Jj4k0BoGzs
— Ann Coulter (@AnnCoulter) October 23, 2014
"DOJ’s strategy is a legal obscenity and has produced the greatest strategic failure to prosecute elite (and not so elite) white-collar criminals in DOJ’s modern history. DOJ has made it clear to senior (and even middling) bank executives that they can loot with absolute personal impunity. This guarantees future financial crises will be far more severe. But DOJ has reached a new nadir by giving top agency awards to those who lead its abject failures and by claiming that it cannot prosecute bank officers (hilariously rebranded by DOJ as “rocket scientists”) because DOJ attorneys cannot do 5th grade math."
"DOJ just gave its lead prosecutor team a 2nd "highest award," for failing to prosecute ANYONE at JPMorgan."Wow! Maybe we should pay ALL citizens for NOT working! You suppose? :(
"The top 'quant' at Enron, the honest and brilliant top risk officer, Vincent Kaminski, wrote recently about his regrets that he was unable to spot the fraud, at a firm that was 'rotten to the core,' because he did not understand accounting control fraud techniques."If so, then he should have been relieved of responsibility long before. Which just means that corp/national governance & risk-mgt was totally trashed, and inadequate. That's a good way to lose an adaptive race.Brilliant? You be the judge.
What'd Bill Black just document? What on Earth is happening?"Three years ago, in the dark days of the housing crisis, regulators pressed for a controversial rule that aimed to crack down on shoddy and dishonest lending practices. Now they’re rolling back their plans."
They doth protest too much?:(