These are all characteristics of the long-wave social-economic cycle that is entering the disintegrative (winter) phase. Souring social mood, loss of purchasing power, stagnating wages, rising inequality, devaluing currencies, rising debt, political polarization and elite disunity are all manifestations of this phase.
Life In Obamacare’s Dead Zone (jdargis)
“I tried to get Obamacare,” Foy recalls. “I called the number, and when the woman told me what it would cost me, I just about dropped the phone. She told me I’d needed to make at least $12,000 a year for there to be any help to make it something I might be able to afford. Which still doesn’t make a lot of sense to me, even now, that having no money meant I got no help when I really needed it.”
Employees were given specific instructions to create the videos. “We need to make this style of video and we’ve got to use Al-Qaeda’s footage,” Wells was told. “We need it to be 10 minutes long, and it needs to be in this file format, and we need to encode it in this manner.”
The videos were created to play on Real Player which needs an internet connection to run. The CDs were embedded with a code linking to Google Analytics which allowed the military to track IP addresses that the videos were played on.
As the lawyers like to say, res ipsa loquitur. Please tweet and circulate this letter widely. You will notice that our attorney Jim Moody is a seasoned litigator who has won cases before the Supreme Court. He has considerable experience in First Amendment and defamation actions. Past high profile representations include Westomoreland v. CBS and defending Linda Tripp.
I also hope, particularly for those of you who don’t regularly visit Naked Capitalism, that you’ll check out our related pieces that give more color to how the fact the Washington Post was taken for a ride by inept propagandists, particularly our introduction to our spoof PropOrNot.org site, which uses the PropOrNot project as an example of sorely deficient propaganda and shows where it went wrong, or the humor site itself. Be sure not to miss its FAQ.
The Mafia State (richcabot)
This fevered speculation and mounting inequality, made possible by the two ruling political parties, corroded and destroyed the mechanisms and institutions that permitted democratic participation and provided some protection for workers. Politicians, from Reagan on, were handsomely rewarded by their funders for delivering their credulous supporters to the corporate guillotine. The corporate coup created a mafia capitalism. This mafia capitalism, as economists such as Karl Polanyi and Joseph Stiglitz warned, gave birth to a mafia political system. Financial and political power in the hands of institutions such as Goldman Sachs and the Clinton Foundation becomes solely about personal gain. The Obamas in a few weeks will begin to give us a transparent lesson into how service to the corporate state translates into personal enrichment.
But as celebrities parade into Ms. Trump’s offices, a different cast is preparing to populate the government. Overseeing the transition at the Environmental Protection Agency is Myron Ebell, an internationally prominent skeptic of climate science and opponent of climate policy who directs environmental and energy policy at the Competitive Enterprise Institute, a business advocacy group in Washington partially funded by the coal industry.
How Russia Outsmarted OPEC (Josh O.)
What’s perhaps more interesting is that Russia did not, in fact, obligate itself to cut from essential production. It surfaced last week that the country’s total output had reached a new post-Soviet record of over 11.2 million barrels per day. The precise figure, according to Deputy Energy Minister Kirill Molodtsov, was 11.231 million barrels, and it is from this production level that Russia will take off the 300,000 bpd it agreed to cut to help OPEC in its market rebalancing efforts.
Incidentally, Libya, which has been granted an exemption from the agreement, plans to ramp up its own output by 300,000 bpd by the end of 2016.
The huge surge in cheap American corn flowing to Mexico, completely unhindered by tariffs, royally screwed Mexican farmers. It’s estimated that NAFTA, along with some advances in technology, killed 1.5 million jobs in Mexican agriculture within two decades. (It’s also worth noting that the price of corn didn’t drop in Mexico; NAFTA also stripped their subsidies of tortillas as an unfair promotion of domestic industry.)
Gold & Silver
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