Lots of scary stuff going on now.
And you just thought it was the Halloween madness.
Obama Keeps Pentagon Spigot Open
A Military-Backed Comedian Will Be Guatemala’s Next President & Activists Aren’t Laughing
Reminder: The Bubonic Plague Is Alive and Well
Reliable Rebel
Jeremy Corbyn and the Revival of the Radical Left
The disciples of New Labour lost spectacularly to Jeremy Corbyn, an easy-going leftist. His strategy was simple: he talked in plain terms about the moral wrongness of a Tory agenda to which Labour had ceased to offer clear opposition—and about what Labour could do to create a more just and equal country. The party once closely identified with the cautious, compromised politics of the Third Way is now, against all expectations, led by a socialist.
Corbyn is a mainstay of the British left. For years, he has demonstrated alongside trade unionists, left-wing students, and assorted other radicals.
_ _ _ _ _ _ _
The stock market's advance is immortal - isn't it?
What would Halloween be without a scary chart of "The Stock Market That Cannot Die?" We know the stock market cannot die because we're constantly told it's immortal:
(Click on photo to enlarge)
You know the drill: the Federal Reserve will never let the market fall, never, never, never: it will continue to loft higher for all time, in immortal glory.
Like a blood-sucking vampire, the market is parasitically feeding off the real economy. As the host weakens, the parasite increases its control. Now the market is telling the real economy: if I die, you die, too.
The entire Status Quo is now utterly dependent on a rising stock market: not just for the illusion of the wealth effect, but for tax revenues, pension fund stability, and the fantasy that a rising market is a substitute for a healthy economy.
It's terribly frightening to be in thrall to a parasite that will bleed its host dry to maintain itself. But that's not the scariest possibility.
The scariest possibility is that the stock market will fall despite all the promises that its advance is immortal.
If this were to happen, all those "safe" index funds would implode along with the broad market.
One of my pumpkins whose entire 401K retirement account is in "safe" S&P 500 index funds looked at the chart above and completely lost it. The possibility that the market is not only not immortal but might be poised for a staggering decline can drive even the most trusting investor to drink.
Posted by Charles Hugh Smith
_ _ _ _ _ _ _
A calm, definitive take about a very scary situation from my buddy at
The Green Eagle:
Working the Refs
Well, now that the dust has cleared from the most recent Republican excuse for a debate, it is becoming more clear what they accomplished. Here's a short list:
1. Managing to define the totally business-controlled CNBC as a dastardly part of the "liberal press," out to do them harm by asking any question they don't find it convenient to answer.
2. Finally make it totally legitimate to deal with any question that challenges them in any way, by ignoring it and simply going off on a tirade against the press, accompanied by thunderous applause from their hand-picked audience of ignorant savages.
This method of dealing with things was, of course, raised from an occasional dodge to SOP by Sarah Palin. This is one of the legacies that she left us: utterly misplaced anger is now a substitute to answering a question.
3. By canceling the upcoming debate that was to have been run by NBC, they have established that they do not need to have even the pretense that this is a real effort to examine the candidates' beliefs. They are now free to run these debates as nothing but a cynical political sideshow; a self-awarded freedom they will certainly take advantage of.
4. Surrendering to the candidates the right to determine what sort of questions get asked. Given the cynical bunch of grifters they have assembled, you can imagine how that will work out.
There has been a decade long (at least) trend among Republican candidates to insist that they not be forced to answer any questions they don't want to, or submit to anything even resembling an impartial interview.
They have turned the right of the public to know who the candidates are, into the right of the candidates to have nothing known about them except their packaged publicity. This is ideal for Republicans, of course, because their real agenda - stripping the country of its wealth, to give to their rich backers - is hardly likely to have widespread appeal.
In order to win elections, it is vital to them that they prevent any real information about themselves from seeing the light of day. This newest manipulation of the debate process is one more step toward an election process that is as forthright as a Volkswagen pollution control system.
And from my buddy at
The Field Negro:
I am still trying to figure out why the RNC is still whining about the debates Wednesday night.
They actually cut ties with NBC because of the perceived bias against the poor republicans by that network.
I honestly don't get it. Obviously Ben Carson and company does not understand the meaning of the word debate. In a debate you are supposed to get tough questions and answer them to the satisfaction of the person asking them.
"'We were betrayed,” he (Rance Priebus) said, “and I think the candidates were betrayed by CNBC.”'
Huh? "Betrayed"? These men (and woman) are trying to lead the most powerful country on earth and they can't handle a couple of questions from CNBC moderators? That's not a good look. Hillary hung in for 11 hours while facing down Trey Howdy Gowdy and his faux Benghazi (drink,drink, gulp) hearings. They are lucky Black folks don't care about them, because, like Hillary, they would have had to deal with the Black Lives Matter kids as well.
“It’s not about me and gotcha questions, it’s abut the American people and whether they have the right to actually hear what we think,” Carson insisted.
Ben, we hear what you think, we just can't believe that you are serious.
As a very dangerous (and highly media-touted) politician has been being called a
wonk by "reporters" for many years (although how a
real wonk could be so ignorant about so many academic/scientific subjects is a topic for another essay), it may be more enlightening to call him what he really is.
An economics-incompetent ideologue who demands obedience to his secretive decisions about what should be funded (and should not be funded) with U.S. taxpayer money.
And our peace prize president ushers us
back into Afghanistan for decades to come?
Wouldn't you have liked to be a fly on the wall in the meetings urging that?
Some taxpayer input, at least, should have been a part of the decision-making process, shouldn't it?
Want to meet a government official who tells the truth — in spades? Then you will definitely want to set aside time to hear of the stunning findings of the top US investigator for spending in Afghanistan.
The biggest problem is not theft, but waste, he says. For example, the $500 million spent on airplanes that no one could fly, and that ultimately had to be scrapped, a process that cost yet more thousands of dollars. Or the gift of soybeans, which the Afghans will not eat and will not grow. Or how about the creation of a navy for Afghanistan — a country that is landlocked?
The biggest source of the problem is the lack of accountability, he says. But that is changing.
“God bless whistleblowers,” says Sopko. “If we didn’t have them, things would be a hundred times worse.” And some of his sources of information would surprise you.
Not all of the money was wasted in Afghanistan, he says. You cannot believe where all the money (from corruption in Afghanistan) has ended up — but a lot of it is here in the United States.”
If anyone can find it, it’s probably John Sopko.
Click HERE to Download Mp3
_ _ _ _ _ _ _
More Halloween scares needed?
Not really.
By Charles Pierce, Esquire
30 October 15
On the story of Dan Rather and Mary Mapes' pursuit of the 43rd president's National Guard records, and a parallel — and more successful — effort at the "Boston Globe."
indly Doc Maddow had Dan Rather on her show on Thursday to talk about the new movie, Truth, which depicts the events surrounding the 60 Minutes II investigation into George W. Bush's still-largely-vaporous service in the Texas Air National Guard.
According to people I know who have seen it, the movie portrays both Rather and producer Mary Mapes (played by Cate Blanchett) as people who got the story right, but got the details just wrong enough to leave the door open for attacks on their credibility from Republican ratfckers. The attacks were so virulent that CBS caved completely, Mapes and Rather wound up losing their jobs, and the story fairly well disappeared from the news, even though there is a wealth of other detail to suggest that C-Plus Augustus ducked out of his sworn duty—including Garry Trudeau's bounty of 10K to anyone who can prove C+A made it to Alabama, which, as far as I know, remains uncollected.
As kindly Doc Maddow pointed out, CBS was far from the only news organization to question Bush's devotion to duty. In September of 2004, The Boston Globe ran a story in which the newspaper proved fairly convincingly that, at least twice, Bush clearly shirked his obligations. One of these episodes should have gotten him a round-trip ticket to Tan Son Nhut Airbase as punishment but, curiously, it did not.
The story was written by Walter Robinson, and reported out by the Globe's crack Spotlight team. I mention all of this because the two stories are about to collide at a multiplex near you. At about the same time that Truth opens, a movie called Spotlight also will be released, and it depicts the battle that the Globe undertook to bring the scandal of clerical sex-abuse in the Boston Archdiocese to light. A lot of the same people, including Robinson, Sasha Pfeiffer, Steve Kurkjian, and my old pal Mike Rezendes, who are portrayed in Spotlight, shared a by-line on the Bush story 11 years ago. These were great reporters then, and they were great reporters when they cracked the Church story, and they are still great reporters today. And C-Plus Augustus dodged a 50-caliber shell when the attack on CBS killed this story for good.