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A Media Unmoored from Facts
A Media Unmoored from Facts Exclusive: Mainstream U.S. journalism has completely lost its way, especially in dealing with foreign policy issues where bias now overwhelms any commitment to facts, a dangerous development, writes Robert Parry. Several weeks ago, I received a phone call from legendary investigative reporter Seymour Hersh who had seen one of my recent stories about […]
Intelligence Community Olive Branch on Data Sharing Greeted With Skepticism
Intelligence Community Olive Branch on Data Sharing Greeted With Skepticism TOP INTELLIGENCE COMMUNITY lawyer Robert Litt has offfered a rare olive branch to privacy advocates on Wednesday, in the form of information. In a post on one of their favorite blogs on Wednesday, Litt, general counsel for the Office of the Director of National Intelligence, outlined new intelligence data-sharing guidelines that he said […]
Brazil Is Engulfed by Ruling Class Corruption — and a Dangerous Subversion of Democracy
Brazil Is Engulfed by Ruling Class Corruption — and a Dangerous Subversion of Democracy THE MULTIPLE, REMARKABLE crises consuming Brazil are now garnering substantial Western media attention. That’s understandable given that Brazil is the world’s fifth most populous country and eighth-largest economy; its second-largest city, Rio de Janeiro, is the host of this year’s Summer Olympics. But much of this Western media coverage mimics […]
“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests
“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests Just yesterday, we said the following about Brazil: It seems as though this country can’t get through a single day without some piece of political news or economic data creating confusion and turmoil. We said that on the way to noting that central […]
Sweden Minister Says Cashless Society “Not Possible”; Elderly, Disabled People Blamed
Sweden Minister Says Cashless Society “Not Possible”; Elderly, Disabled People Blamed It was just a little over a week ago when we reported that Sweden had begun a 5-year countdown to becoming a cashless utopia. As The Local reported, “cash transactions today represent no more than two percent of the value of all payments made in Sweden, [and that […]
Forget the Praise: BC’s Carbon Tax Is a Failure
Forget the Praise: BC’s Carbon Tax Is a Failure Higher emissions, slow growth, regressive taxation. Sorry, what’s to celebrate? ‘We think in British Columbia a carbon tax is a really successful way to go,’ BC’s premier said last year. The only problem is it doesn’t work. Photo of Premier Clark at GLOBE 2016 by Mychaylo […]
Obama to Expand Surveillance State Powers by Signing a 21 Page Memo
Obama to Expand Surveillance State Powers by Signing a 21 Page Memo As the Apple vs. FBI battle rages in the court system and throughout the halls of Congress, Obama decides to do what he does best. Using “his pen” to make consequential decisions unilaterally. Just another day in the American banana republic. The New York Times reports: WASHINGTON […]
An Escalating War on Cash
An Escalating War on Cash On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the 500 euro bill getting closer.” The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior Fellow Peter Sands, concluding that […]
New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill
New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill I cannot overstate the significance of today’s New York Timeseditorial board endorsement of the elitist scheme to ban large denomination cash from public circulation. This is the latest example of the editorial board putting the interests of the establishment ahead of the […]
Repricing Reality
Repricing Reality It ought to be a foregone conclusion that Mr. Obama’s replacement starting January 20, 2017 will preside over conditions of disorder in everyday life and economy never seen before. For the supposedly thinking class in America, the end of reality-optional politics will come as the surprise of their lives. Where has that hypothetical […]
Negative Interest Rates Show Desperation of Central Banks
Negative Interest Rates Show Desperation of Central Banks Image: MarketWatch Japan has joined the EU, Denmark, Switzerland and Sweden in imposing negative interest rates. Indeed, more than a fifth of the world’s GDP is now covered by a central bank with negative interest rates. The Wall Street Journal notes: TOKYO—Japan’s central bank stunned the markets Friday by setting the […]
Stocks Slump After Saudis Threaten Nukes Against “Nefarious” Iran
Stocks Slump After Saudis Threaten Nukes Against “Nefarious” Iran Earlier this month, a black swan landed in the Mid-East when Saudi Arabia executed prominent Shiite cleric Nimr al-Nimr along with 46 other “terrorists.” Most of those executed were not Shiites but that didn’t matter. Al-Nimr was a key voice among Saudi Arabia’s dissident Shiite minority […]
Budget Cuts and Negligence Poisoned the Drinking Water in Flint, Mich.
Budget Cuts and Negligence Poisoned the Drinking Water in Flint, Mich. Michigan Gov. Rick Snyder in 2011. (Michigan Municipal League / CC BY-ND 2.0) Calls for the resignation of Michigan Gov. Rick Snyder are intensifying in the face of evidence that he allowed 100,000 residents of the city of Flint to continue cooking, drinking and bathing in […]
One Way to Unrig Stock Trading
One Way to Unrig Stock Trading AMERICA’S equity markets are broken. Individuals and institutions make transactions in rigged markets favoring short-term players. The root cause of the problem is that stocks trade on numerous venues, including 11 traditional exchanges and dozens of so-called dark pools that allow buyers and sellers to work out of the […]
“I Know Of No One Who Predicted This”: Russian Oil Production Hits Record As Saudi Gambit Fails
“I Know Of No One Who Predicted This”: Russian Oil Production Hits Record As Saudi Gambit Fails In late October, we noted that for the second time this year, Russia overtook Saudi Arabia as the biggest exporter of crude to China. Russia also took the top spot in May, marking the first time in history that Moscow beat out […]
