And Afghanistan has a record 810,000 acres producing opium.
Tuesday, September 11, 2018
Oliver Bullough for The Grauniad blames all the wealth inequality today on an invention of a Jewish banker
Siegmund George Warburg, here, whose invention destroyed the Bretton Woods system.
Except Bullough never mentions he's the descendant of a long line of Jewish bankers who originated in Venice:
One banker in particular was not prepared to tolerate this: Siegmund Warburg. Warburg was an outsider in the cosy world of the City. For one thing, he was German. For another, he hadn’t given up on the idea that a City banker’s job was to hustle for business. In 1962, Warburg learned from a friend at the World Bank that some $3bn was circulating outside the US – sloshing around and ready to be put to use. Warburg had been a banker in Germany in the 1920s and remembered arranging bond deals in foreign currencies. Why couldn’t his bankers do something similar again?
Investors Business Daily thinks no one noticed Obama's recent public embrace of Bernie's radical socialism
Here.
We noticed. We just didn't mention it because we've been pointing out Obama's socialism for nine years already. Yawn.
But Obama was only a fair weather friend of socialism for most of that time because most of the Democrat Party remained neoliberal. Nothing points up his lackluster leadership and servile character throughout that time better than his constant fear of a backlash from the neoliberal wing of a party he supposedly led. Actually it led him. Obama was relieved to wash his hands of the economic crisis and delegated fixing it to Bill Clinton's neoliberal retreads. The guy couldn't even take the socialist baton of Pelosi's single payer plan for crying out loud, or embrace a Paul Krugman approved properly sized stimulus spending bill. And making the Bush tax cuts permanent? That was hardly the work of the leader (in his head) of world socialism.
Freed from the strictures of politics, Obama is now free to advance his fanciful sympathies without consequences, as long as the wind is blowing in that direction. My guess is the left wing of his party sees this as nothing more than his feeble attempt to be relevant again when to them he had already become an object of contempt by the end of 2009.
The author of Dreams from My Father is just dreamin', that's all. All he ever did.
Monday, September 10, 2018
Two months out Real Clear Politics has just nine Republican seats "likely" going Democrat: That's no blue wave
Democrats and liberals, however, want you to think it's already hopeless for Republicans. Like Al Hunt, who thinks Democrats will turn out because Trump is their great motivator to do so. Al, however, thinks the toss ups are already down to 20 to 25 seats. If it's true, as he thinks, that Republicans tend to reduce their polling deficits as the election nears, his already low estimation of the size of the field of prospects suggests this is a lot closer than he's willing to admit. The generic Congressional poll currently favors Democrats by +2 to +4 (Rasmussen). Remember Rasmussen had Hillary at +2. Al thinks the current math means Democrats need 23 seats to take the House. That means almost all of his toss ups have to flip.
Not likely!
USA Today had it right predicting Naomi Osaka's U.S. Open victory: Osaka had already whopped Serena back in March
Osaka already showed her hand. Back in March, she played Serena for the first time, showed no sense of nerves and rolled her 6-3, 6-2 in the first round in Miami. Now, that match doesn’t tell us much about how Osaka’s style will contrast with Serena’s in Saturday’s U.S. Open final, as the first match was just Serena’s fourth since returning from maternity leave and, as she’d later admit, she wasn’t in the right shape to be winning matches. Still, even with Serena playing at 40% of her capabilities, we saw how Osaka responded to seeing her across the net. There was no fear, no awe, no deference. Osaka says she often asks herself “what would Serena do?” And what Osaka did in that Miami match is exactly what a young Serena would have done to one of the stars of the game back in 1999. No fear. ... [I]n the past year, she’s defeated the world Nos. 1 and 2 in hard-court matches and took home the title at the prestigious Indian Wells tournament. ... PREDICTION: Naomi Osaka in straight sets.
Serena is an old cow (36) compared to Osaka (20). So is Roger Federer (37), who didn't lose recently just because it was hot and humid. Tiger Woods is 42 and hasn't won anything important in ten years but keeps trying. The old bulls fall to the young bucks, eventually, that's nature's way.
The old bulls just don't want to accept it sometimes, that's all. And then out come the excuses. Too bad for tennis that this time the excuses were political. But hey, Kaepernick paved the way. Expect more of the same.
Personally I can't wait for Osaka to cream Serena again.
Ari Fleischer to anonymous op-ed writer: Who the hell are you to decide what the right direction is?
"No White House staffer is above the will of the people, especially one whose name none of us know."
Counting illegal aliens as population in California unlawfully gives it 5 more seats in the US House than it should have
The State of Alabama and Mo Brooks are suing the federal government to stop the practice.
The story is here.
Sunday, September 9, 2018
Ken Rogoff calls Adam Tooze's new book CRASHED an ambitious but flawed work
Rogoff takes Tooze to task for certain inaccuracies and omissions, including about Rogoff's own published work.
It's a longish read, but well worth it, here. And don't miss the second part, which reviews Sebastian Edwards' AMERICAN DEFAULT.
T. A. Frank tries to dial down the hysteria a notch or two: This still isn’t the behavior of a dictator, the press is doing just fine
T. A. Frank for Vanity Fair, here:
Finally, this still isn’t the behavior of a dictator. As much as Trump blusters about libel laws and maligns journalists, the press is doing just fine. A truly dangerous president would cloak his aims in high principles and ask Congress to pass new laws. He would ignore someone like Woodward and say quietly, to henchmen behind the scenes, “Who will rid me of that meddlesome journalist?” He wouldn’t pick up the phone and have a fumbling phone call with Woodward asking if the book was going to be bad, before concluding, glumly, “I assume that means it’s going to be a negative book. But you know, I’m sort of 50 percent used to that. That’s all right. Some are good and some are bad. Sounds like this is going to be a bad one.”
But all of this is, again, one more confirmation of what we already knew: Trump talks tougher than he acts. He also struggles to get his way, everywhere. ... Trump knows how to stoke his base, and he has started to reshape the G.O.P., but he has had a hell of a time implementing his campaign promises. He lacks the self-discipline and intuition.
And the best lines of all:
Why campaign like Pat Buchanan if you staff up like Jeb Bush? ... The man who insulted Goldman Sachs and Saudi princes and promised infrastructure and walls instead hired Goldman Sachs, did the bidding of Saudi princes, and stuck to tax cuts.
Can't very well become Donaldus Magnus if you won't appoint people to fight for and implement your agenda.
Saturday, September 8, 2018
My latest utility bill: "We are pleased to pass along the savings from federal tax reform"
$4.99-
What oh what will I do with this unexpected windfall?
The percentage of the population working plunged under Obama: If it's a boom under Trump why isn't it recovering?
From 1984 through 2008 the average percentage of the population working had been 62.6%. In August it was only 60.3%. The difference between the two is 6 million jobs.
If this a boom, an economy "on fire", where the hell are they?
We have not recovered from the disaster under Obama, not by a long shot.
Sorry Charlie: Jeff Cox of CNBC wildly exaggerates wages under Trump, "the last missing piece of the economic recovery"
Here in "Trump has set economic growth on fire":
Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009. That made it the best gain since the recession ended in June 2009. ... Indeed, the economy does seem to be on fire, and it's fairly easy to draw a straight line from Trump's policies to the current trends.
The wage series used by Cox for all workers differs little in August 2018 from the series for the 80% of workers who are production and nonsupervisory, except that the latter goes back much farther than 2006, giving a truer picture of where we are at. And where we are at is slightly better off than under Obama, but that's about it. It's still not as good as under George W. Bush, for crying out loud. And it's certainly not "on fire".
This is not an economic boom for most working people.
Friday, September 7, 2018
China's richest man, Jack Ma, suddenly retires at age 54
The story here makes it sound like he wanted to retire to pursue a life of philanthropy and education.
Sure he did. Rather later than sooner.
"For Chinese tycoons to step aside in their 50s is rare; they usually remain at the top of their organizations for many years."
Mark Meadows is a libertarian open borders fanatic posing as a Trump supporter when he's really supporting his GOPe
From the story here:
Chairman Mark Meadows of North Carolina has argued that entering into a spending battle that could shutter the government in October would be unwise without a cohesive plan, appearing to side with GOP leaders who fear a shutdown before midterms would upend their House majority. ... “I don’t see a deliberate plan on how we secure our border happening by the end of September, and so having that debate over the next three months is probably more prudent than trying to have it in the next week and a half,” Meadows said.
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