Tag Archives: U.S. politics

The Onion weighs in on Saudi killings

This one is pretty brilliantly on the mark, in my opinion.

“The potential murder of a high-profile journalist critical of their regime raises grave concerns for us, and we appeal to the leaders of Saudi Arabia to restrict their extrajudicial murders to Yemeni people who don’t have any public platform,” said President Trump, adding that the White House would not sit idly by as the Saudis caused the deaths of innocent people unless they were Yemeni children in a school bus or a group of Yemeni people attending a wedding. “The United States asks Crown Prince Mohammed bin Salman to content himself with killings that don’t affect business deals or call our diplomatic ties into question, such as airstrikes on Yemeni infrastructure, fueling mass cholera outbreaks, or blocking food and medical supplies from reaching civilians. Look, we don’t even mind if you dismember and murder people inside the Turkish consulate, as long as they’re unknown Yemenis whose deaths won’t cause an international scandal. For the sake of all parties, we demand that the Saudis only kill people who hardly anyone in America cares about.”

democrats likely to run for President in 2020

Five Thirty Eight has a list of who they think is currently serious about a run for President in 2020. It’s a long list. I’ve added their ages in parentheses.

  • Lawyer Michael Avenatti (47)
  • South Bend, Indiana, Mayor Pete Buttigieg (36)
  • Montana Gov. Steve Bullock (52)
  • former Vice President Joe Biden (75)
  • New Jersey Sen. Cory Booker (49)
  • former Secretary of Housing and Urban Development Julian Castro (44)
  • Colorado Gov. John Hickenlooper (66)
  • Los Angeles Mayor Eric Garcetti (47)
  • New York Sen. Kirsten Gillibrand (51)
  • California Sen. Kamala Harris (53)
  • Former Attorney General Eric Holder (67)
  • former New Orleans Mayor Mitch Landrieu (58)
  • Sen. Jeff Merkley of Oregon (61)
  • former Maryland Gov. Martin O’Malley (55)
  • Rep. Seth Moulton of Massachusetts (39)
  • Rep. Tim Ryan of Ohio (45)
  • Vermont Sen. Bernie Sanders (77)
  • Rep. Eric Swalwell of California (37)
  • businessman and pro-impeachment activist Tom Steyer (61)
  • Massachusetts Sen. Elizabeth Warren (69)

To break it down a little:

  • 20 candidates
  • by age: 3 in their 30s, 5 in their 40s, 5 in their 50s, 5 in their 60s, 2 in their 70s
  • by gender: 3 women, 17 men
  • by ethnicity: 4 black or Hispanic people, 16 white people (from a very quick scan, and I could easily have missed someone)

I can really only say I am familiar with five of these names: Joe Biden, Bernie Sanders, Eric Holder, Elizabeth Warren, and Cory Booker. At least there is some variety in the list. Maybe the DNC learned a lesson last time – not to put their thumb on the scale and try to force a particular candidate, rather than just letting the primary process play out.

Trump still has a number of challenges between now and when he faces one of these people in two years: criminal prosecution of close associates and possibly even family members or himself, possible impeachment by a majority Democratic House of Representatives, and possible challengers in the Republican Primary. It seems like a lot, but you have to admit Trump is a man who has tended to get his away against the odds and I have learned not to underestimate him.

making people disappear is wrong

This article in Project Syndicate is called The New Disappeared and is about dictatorships around the world that are making political opponents disappear, including Saudi Arabia. It’s certainly wrong, but it’s not only dictatorships doing it. Let’s not forget “extraordinary rendition”, where the U.S. kidnapped people off the street in friendly democratic countries, drugged them and bundled them onto airplanes, then delivered them to be tortured and murdered in secret prisons in places like Thailand and Egypt, all without any sort of due process.

more reasons to worry about the global financial system

William White, formerly with the Bank of Canada among other jobs, has another cheery list of reasons to worry about a new financial crisis.

  • large increases in dollar-denominated debt in the private sectors of emerging market economies,
  • high property prices in many countries,
  • asset-management and private equity firms acting as lenders in place in traditional banks, with less regulation and fewer limits on risk taking,
  • disparities in interest rates between countries leading to capital movement
  • flash crashes,
  • algorithmic trading,
  • passive investing, and
  • the possibility of slower growth, higher inflation, and political meddling in monetary policy in the U.S. caused in part by Trump’s misguided policies.

Project Censored’s Top 25

Project Censored has released its top 25 censored stories for 2017-2018 (2019 is available for sale as a book). Among the interesting ones:

The Florida Parkland High School shooter was a member of the school’s Junior Reserve Office Training Corps and was taught to shoot surplus military weapons by something called the Junior Marksmanship Program.

“Solutions journalism” is a relatively simple idea to offer solutions along with coverage of problems to avoid “negative news overload”.

Natural systems such as rivers are being given legal rights and even personhood in some places.

Regenerative agriculture is an idea to sequester carbon by restoring soil and vegetation on a large scale.

Cell phones might be causing miscarriages.

Also, Russia may be up to no good but at the same time the exhaustive coverage of it may be distracting us from other important issues. Opioid drugs continue to kill a lot of people. And the rich are getting richer. But I don’t think these really qualify as “breaking news” for those who have been paying attention.

Trump and the next pandemic

Add to the stupidity of the Trump administration slashing funding to prepare for and respond to the next deadly pandemic outbreak. These are the unwanted border crossings we should actually be worried about, and by helping people in countries where diseases are breaking out we could also be protecting ourselves.

The investments made after the 2014 Ebola crisis have been slashed in recent proposed federal budgets from the Centers for Disease Control, the agency that works to stop deadly diseases in their tracks, and the U.S. Agency for International Development, which responds to international disasters, including the Ebola outbreak. Moreover, Timothy Ziemer, the top White House official in charge of pandemic preparedness, has left his job, and the biosecurity office he ran was summarily disbanded…

Perhaps most terrifying, difficult to treat and highly fatal strains of H7N9 avian influenza are spreading throughout China.

This strain of bird flu causes rapid respiratory illness with associated multiorgan dysfunction that’s easily spread by a small droplet. That’s why it’s so difficult to control and why recurrent epidemics continue to crop up: There have been five epidemics of H7N9 since 2013 in China alone, the most recent between the fall of 2016 and fall of 2017. Across these epidemics, among the 1,565 confirmed cases, about 40 percent of infected individuals died.

the next financial crisis

There seems to be increasing concern among economists, journalists and politicians that another severe financial crisis could be looming in the next few years. Of course, the next recession, war or disaster is inevitable and to be expected at some point. The question is how resilient or panic-prone our financial system is when something inevitably happens.

Axios suggests that as advanced economies raise interest rates, they could force debt-laden emerging markets into situations where they can’t afford interest payments. Turkey is of particular concern, and owes large amounts of money to European countries. A trade war is also a concern.

Nouriel Roubini gives ten reasons why a severe financial crisis may be coming, starting with interest rates being too low to give countries any chance to react to a crisis by lowering them (which is probably why they are trying to gradually raise them in the first place.) He also mentions poor (or no) U.S. policies towards trade, immigration, and infrastructure, and high-speed trading algorithms.

Jeffrey Frankel, a professor at Harvard, argues that U.S. policy is unnecessarily pro-cyclical in in terms of expanded government spending, lowered taxes, reduced capital requirements for banks, and political criticism of the Federal Reserve.

Let’s hope a consensus among the experts is actually a contrarian indicator.

July 2018 in Review

Most frightening stories:

  • The UN is warning as many as 10 million people in Yemen could face starvation by the end of 2018 due to the military action by Saudi Arabia and the U.S. The U.S. military is involved in combat in at least 8 African countries. And Trump apparently wants to invade Venezuela.
  • The Trump administration is attacking regulations that protect Americans from air pollution and that help ensure our fisheries are sustainable. Earth Overshoot Day is on August 1 this year, two days earlier than last year.
  • The U.S. has not managed a full year of 3% GDP growth since 2005, due to slowing growth and the working age population and slowing productivity growth, and these trends seem likely to continue even if the current dumb policies that make them worse were to be reversed. Some economists think a U.S. withdrawal from the World Trade Organization could trigger a recession (others do not).

Most hopeful stories:

  • Looking at basic economic and health data over about a 50-200 time frame reminds us that enormous progress has been made, even though the last 20 years or so seems like a reversal.
  • Simultaneous Policy is an idea where multiple legislatures around the world agree to a single policy on a fairly narrow issue (like climate change or arms reductions).
  • I was heartened by the compassion Americans showed for children trapped in a cave 10,000 miles away. The news coverage did a lot to humanize these children, and it would be nice to see more of that closer to home.

Most interesting stories, that were not particularly frightening or hopeful, or perhaps were a mixture of both:

June 2018 in Review

Most frightening stories:

Most hopeful stories:

Most interesting stories, that were not particularly frightening or hopeful, or perhaps were a mixture of both:

  • Explicit taxes to fund wars were the norm in the U.S. right up to the Vietnam war.
  • In technology news, Google and Airbus are considering teaming to build a space catapult. The Hyperloop might be a real thing between Chicago’s downtown and airport.
  • Just under 0.1% of migrants crossing the U.S. border are members of criminal gang such as MS-13. About half of border crossers are from Mexico while the other half are mostly from Honduras, Guatemala, and El Salvador. Some are fleeing violence or repression, while others are simply looking for economic opportunity.