Daily Digest

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Daily Digest 11/15 - CA Water Conservation Ordered, Time Is Running Out For Pax Americana

Sunday, November 15, 2015, 11:06 AM

Economy

Obama Calls Paris Events ‘an Attack on the Civilized World’ (jdargis)

Mr. Erdogan also strongly condemned the Paris attacks and said that the leaders gathering here for an annual economic summit meeting would take a “firm stance” against terrorism by issuing a strong statement. “We are confronted with a collective terrorism activity around the world,” he said.

French officials: Manhunt in Europe for at least 1 suspect ‘directly involved’ in Paris attacks (jdargis)

The seven people taken into custody on Sunday were relatives of Ismaël Omar Mostefaï, a 29-year old French national with a criminal record and one of the seven assailants who died during Friday night’s deadly siege, according to one French police official who spoke on the condition of anonymity. A petty criminal of Algerian descent, Mostefaï was picked up between 2004 and 2010 for eight minor offenses, including driving without a license.

Time Is Running Out For Pax Americana (jdargis)

The preservation method was attempted by the Ming and Qing dynasties in China, as well as the Tokugawa Shogunate in Japan. It was utilized successfully (in the 19th century) prior to the era of capitalist globalization. But neither of those Eastern civilizations (although fairly robust internally) survived their collision with the technologically more advanced (and hence more militarily and politically powerful) European civilization. Japan found its answer on the path of modernization (reform) back in the second half of the 19th century, China spent a century immersed in the quagmire of semi-colonial dependence and bloody civil wars, until the new leadership of Deng Xiaoping was able to articulate its own vision of modernizing reforms.

The Easy Days Are Over (jdargis)

The libertarianism and isolationism of our time crosses party lines. It affects President Obama, who came into office promising to bring our troops home. But it also affects Republicans. Sen. Lindsey Graham, the Republican presidential candidate who has campaigned on a platform of sending troops to fight ISIS, couldn’t even garner enough support in the polls to get into his party’s undercard debate last week. And if you study surveys on national security and domestic surveillance, you’ll find that Republicans are, by some measures, more hostile to surveillance than Democrats are.

Paris and the Lessons of 9/11 (jdargis)

The United States did not listen. Indeed, many figures on the political right in the U.S. vilified France for its criticism. As it turned out, the Iraq War killed many more Americans than 9/11, cost trillions of dollars, and destabilized the Middle East in ways that directly empowered the regime in Iran and gave rise to the terror group ISIS.

What the Rise of the Yuan Means for the Global Economy (jdargis)

Some 87 percent of foreign-exchange trading involves the dollar, the most recent survey by the Bank for International Settlements showed. "The role of the U.S. dollar as the world’s dominant vehicle currency remains unchallenged," the BIS said in 2013, noting that the euro had declined in the wake of the European debt crisis.

Muslims Around the World Speak Out Against Terrorist Attacks in Paris (jdargis)

Several Muslim religious and political leaders officially denounced the attacks before the group took responsibility, including Iranian president Hassan Rouhani, who called them a “crime against humanity,” and Qatari foreign minister Khaled al-Attiyah, who said they were “heinous.” Rouhani had been scheduled to visit France as part of a wider European trip this weekend but has postponed his plans.

Water Conservation Order Is Extended in California (jdargis)

“The goal of this is not necessarily to deal with next year, but to recognize the fact that we may well be in our own millennial drought,” Ms. Marcus said. “The problem of this drought is it’s beyond anything in our experience.”

Gold & Silver

Click to read the PM Daily Market Commentary: 11/13/15

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Trans Pacific Partnership - Brazen Corporate Power Grab

“The TPP, along with the WTO [World Trade Organization] and NAFTA [North American Free Trade Agreement], is the most brazen corporate power grab in American history,” Ralph Nader told me when I reached him by phone in Washington, D.C. “It allows corporations to bypass our three branches of government to impose enforceable sanctions by secret tribunals. These tribunals can declare our labor, consumer and environmental protections [to be] unlawful, non-tariff barriers subject to fines for noncompliance. The TPP establishes a transnational, autocratic system of enforceable governance in defiance of our domestic laws.”

http://www.truthdig.com/report/item/the_most_brazen_corporate_power_grab...

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Stiglitz on the TPP.

From Jessies cafe.

 

No cognitive dissonance. 

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