The American Israel Education Foundation (AIEF), the educational wing of hardline right-wing pro-Israel lobbying organization the American Israel Public Affairs Committee (AIPAC), is taking all but three freshmen US House Representatives on a tour of Israel, in hopes of turning them against the Iran nuclear deal.Share | Comment
Andrew Watt has written a passionate critique of my support for Brexit (“Progressive economists should support Remain not Brexit – a response to Steve Keen”), and it highlights a key feature of this peculiar referendum: people who normally find themselves on the same side in most economic and political debates have been divided by this referendum. Andrew comments that he broadly agrees with my economic analysis on most issues, but vehemently opposes me here. Likewise, good friends like the heterodox economist Geoffrey Hogdgson; Ann Pettifor, who led the successful Jubilee 2000 campaign to cancel the debt of the world’s poorest nations; and Yanis Varoufakis, who knows a thing or two about the EU, all strongly support Remain.Share | Comment
Thousands of Brits have rushed to buy foreign currency during the last week over fears the pound will drop more than 20 percent if the UK votes to leave the EU. The Post Office reports sales of currencies are 74 percent higher this week than they were during the same week last year. Market jitters over a potential Brexit have prompted some online money transfer companies to suspend services temporarily on polling day, while City hedge funds are paying for private exit polls so they can bet on the outcome of the referendum.Share | Comment
After years of tireless scheming behind hermetically closed doors, the time is almost due for the European Commission to give the respective national parliaments of the EU’s 28 Member States a chance to vote on the proposed trade agreement with Canada, the so-called Comprehensive Economic and Trade Agreement (CETA). At long last, a secret agreement that received absolutely no input from the general public and a heck of a lot of input from the world’s biggest corporations and their lobbyists will be presented to and voted on by Europe’s elected representatives.Share | Comment
We’re going to war — either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering. She’s comparable to Bill Clinton’s choice of Cold War crackpot Madeleine Albright as one of the worst Secretary of States we’ve had since … Condi Rice? Albright boasted, “If we have to use force it is because we are America; we are the indispensable nation. We stand tall and we see further than other countries into the future.”Share | Comment
I am bullish on gold and I own gold and mining stocks, because gold is in a bull market. I have been trying to do my best to tell people this, but many people simply do not believe it. Gold and the mining stocks went through a very brutal bear market for five years and that makes it hard for people to believe that any of the rallies are real. What is more there are several “experts” that keep calling for gold to fall to $1,000 or even $250 an ounce that are scaring people out of gold.Share | Comment
President Barack Obama arrives at Joint Base Andrews aboard Air Force One. Photo credit: Pete Souza / White House President Barack Obama’s recent trips to Europe and Asia were more than farewell tours with photo ops. While the media focused on an admittedly cute picture of thepresident shaking hands with Prince George, and dutifully reported his official remarks in Vietnam and Hiroshima, Obama was busy pushing some of the policies he sees as integral to his “legacy.” These include a military buildup against a newly assertive China and beating the drums for two international trade deals that are increasingly opposed in the United States, Europe and Asia as being too corporate-friendly.Share | Comment
In 2003, police raided Neverland Ranch while investigating charges of child molestation that had been brought againstMichael Jackson. Jackson was acquitted in 2005—but now, seven years after the late pop star’s death, a newly surfaced police report details what Santa Barbara County Sheriff’s Department found during their raid: a disturbing collection of pornography that included images of children’s faces superimposed on adult bodies, as well as materials police said can be used to de-sensitize young children in order to groom them for future abuse.Share | Comment
It is now common knowledge that the plant called marijuana possesses medicinal value. But, the big question is why the Drug Enforcement Administration (DEA) in the United States is unwilling to allow for a complete scientific research on the plant. The DEA is the United States federal law enforcement agency and is tasked with combating drug smuggling and use within the country. Although some people have made frantic efforts with their own resources to investigate the plant, it is still appropriate that scientific research on marijuana is carried out under government funding.Share | Comment
According to CNN, Federal investigators are trying to find out more specifically what Omar Mateen's wife, Noor Salman (profiled here), knew about the planned attack at the Pulse Nightclub in Orlando. The intent is to bring evidence before a federal grand jury to determine whether or not charges will be brought against Salman. As US Attorney General Loretta Lynch said today, federal authorities are going back and looking at all of the contact with Omar Mateen, as well as those around him in order find out if there is anything that was missed.Share | Comment
A faculty committee has proposed adding a three credit hours requirement in diversity to the general education curriculum at Wayne State University. It also recommended that WSU drop its university-wide requirement in mathematics, an idea that was carried out on June 13. “We are proposing the creation of specific ‘Diversity’ courses, with students required to take one course in this designation,” said a document from the General Education Reform Committee, which is recalibrating what the university will expect from all students who earn a degree from the state university. It released the proposal in May.Share | Comment
Last week, the General Accountability Office (GAO) released a report describing the FBI’s facial recognition systems and powers. The report revealed that the FBI has agreements with 16 states to grant the FBI’s Facial Analysis, Comparison, and Evaluation (FACE) Services Unit access to driver’s license images, and that the Bureau is in active negotiation with 18 states to do the same. Massachusetts is one of the states reportedly negotiating such an agreement.Share | Comment
According to the Tax Foundation, it will take Americans 8.9 billion hours to comply with IRS tax-filing rules in 2016, which equals a compliance cost of about $409 billion. In addition, the Tax Foundation reported that the U.S. tax code has grown from 409,000 words in 1955 to 2.4 million in 2015 – an increase of 486%.Share | Comment
The Constitution-free buffer zone near our nation's borders ensures those who wander too far away from the center of our country will be robbed of their rights, thanks to ongoing wars vs. drugs and terrorism. They may also be robbed of their dignity. There's apparently very little law enforcement personnel won't do when in pursuit of drugs. The gloves come off, only to be replaced with other gloves, which are then forcefully inserted into every orifice on a "suspect's" body. We saw this happen to New Mexico native David Eckert back in 2013. The list of invasions and indignities perpetrated on him by the Deming police and a far-too-compliant "medical professional" is long, ugly and comprehensive.Share | Comment
The City of London and the pound would both benefit from the U.K. leaving the EU, says billionaire Peter Hargreaves. Brexit may knock the pound initially, but it would rebound, the co-founder of Hargreaves Lansdown — the largest U.K. retail broker, with more than $84.1 billion equivalent in assets — told Bloomberg Briefs’ Geoff King in a June 17 interview.Share | Comment
The New York Fed just warned about the ticking mortgage subprime time bombs once again being amassed, and what happens to them when home prices decline. But unlike during the last housing bust, a large portion of these time bombs are now guaranteed by the government. Subprime mortgages are what everyone still remembers about the Financial Crisis. They blew up has home prices fell. Folks who thought they were “owners with equity” found out that they were just “renters with debt.”Share | Comment
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