Reading

Created
Mon, 27/02/2023 - 16:00

The media caters to a particular demographic, telling that demographic what it already believes — even when it is unverified or false. This pandering defines the coverage of the Trump-Russia saga.

The post Chris Hedges: The Trump-Russia Saga and the Death Spiral of American Journalism appeared first on scheerpost.com.

Created
Mon, 27/02/2023 - 13:44
If you cast your mind back to the peak of the GFC, when people were actually talking about the dissolution of the Economic and Monetary Union (EMU), a.k.a. the Eurozone, or more specifically, a unilateral exit by Greece or Italy, we were told by the ‘experts’ that it would be catastrophic. Over and over, headlines…
Created
Mon, 27/02/2023 - 10:30
I like the guy but …no It’s bad enough that we have wingnut anti-vaxxers spreading lies and making the world a more dangerous place. Do we really need supposedly left wing movie actors doing the same thing? After a winding story about smoking weed — shouting-out his pot shop in West Hollywood, The Woods, and claiming his manager, Jeremy, transported weed from the LA shop to New York for him — Harrelson went into a spiel about the pandemic. The self-proclaimed “anarchist” joked about a supposed movie script, a clear metaphor for the pandemic, that went, “The biggest drug cartels in the world get together and buy up all the media and all the politicians and force all the people in the world to stay locked in their homes, and people can only come out if they take the cartel’s drugs — and keep taking them — over and over.” Except for the deadly virus that actually killed well over a million people in the US alone in less than two years, this is super right on. He’s been saying stupid shit about the pandemic for a while. Maybe he could just hang out with Joe Rogan and do that instead of going on SNL?
Created
Mon, 27/02/2023 - 09:46
Video and transcript.
In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson explain the end of the British empire’s sterling area with the rise of the US dollar system, its central role in imperialism, and why it ultimately failed to accomplish Washington’s hegemonic goals.

RADHIKA DESAI: Hello everyone. Welcome to the fourth Geopolitical Economy Hour, our fortnightly show on the political and geopolitical economy of our times....
Geopolitical Economy
The rise of US dollar imperialism, and why it failed – with Radhika Desai & Michael Hudson

Created
Mon, 27/02/2023 - 09:22

To residents of Memphis’s resource-poor, predominantly nonwhite neighborhoods, the Scorpions were easy to spot. The plainclothes patrols were known for driving their unmarked Dodge Chargers through the streets, often all too recklessly, sowing fear as they went, spitting venom from their windows, jumping out with guns drawn at the slightest sign of an infraction. On the night of January 7th, Tyre Nichols was two minutes from home when members of that squad pulled him over. Probable cause: reckless driving (if you believe the official story). Five Scorpions, all of them trained use-of-force specialists, proceeded to take turns hitting him with everything they had, including boots, fists, and telescopic batons. The 29-year-old photographer died three days later. Cause of death? “Excessive... Read more

Created
Mon, 27/02/2023 - 09:00
This piece in Forbes takes a look at Trump’s signature building Trump Tower. Let’s just say that like everything else about Trump it’s more BS than reality: The offices of the New York attorney general and the Manhattan district attorney have both focused on Trump Tower as part of their probes into Donald Trump’s efforts to mislead lenders about the value of his assets. The attorney general filed a $250 million civil suit in September, accusing Trump, his business and his underlings of fraud. Manhattan District Attorney Alvin Bragg inherited a related criminal probe when he took office last year, but he hesitated to file charges, and two top prosecutors resigned. Bragg’s office says it is still investigating. Perhaps the district attorney is hoping to turn up additional information. Forbes has some. Since the early 1980s, long before our efforts had anything to do with a quarter-billion-dollar lawsuit or potential criminal charges, we have been scrutinizing various aspects of Trump’s properties.
Created
Mon, 27/02/2023 - 08:48
Short read. Nothing Mike has not gone into already.

The Lens
More on the Interest-Income Channel
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
Created
Mon, 27/02/2023 - 08:41
Last weekend, I wrote about Warren Mosler’s argument that the Fed’s rate hikes could be undermining its effort to bring down inflation. While Mosler is a leading proponent of Modern Monetary Theory (MMT), the notion that “monetary tightening” (conventionally defined as central banks raising interest rates) might cause inflation to run hotter isn’t unique to MMT.
Created
Mon, 27/02/2023 - 07:30
It’s hard to believe that these right wingers are whining incessantly about free speech and cancel culture but this is just fine:: IN EARLY 2018, the American national security apparatus was fixated on reports that North Korea was building nuclear weapons that could reach the U.S. or that Russia was plotting chemical weapons assassinations in Europe. Meanwhile, President Donald Trump was busy targeting his idea of an enemy of the state: late night host Jimmy Kimmel.  The then-president, according to two former Trump administration officials, was so upset by Kimmel’s comedic jabs that he directed his White House staff to call up one of Disney’s top executives in Washington, D.C., to complain and demand action. (ABC, on which Jimmy Kimmel Live! has long aired, is owned by Disney.) In at least two separate phone calls that occurred around the time Trump was finishing his first year in office, the White House conveyed the severity of his fury with Kimmel to Disney, the ex-officials tell Rolling Stone.
Created
Mon, 27/02/2023 - 06:57
Another Message Board Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here I’m also trying out Substack as a blogging […]
Created
Mon, 27/02/2023 - 06:45
In October 2022, about eight months after the war in Ukraine started, the University of Cambridge in the UK harmonized surveys conducted in 137 countries about their attitudes towards the West and towards Russia and China.

The findings in the study, while not free of a margin of error, are robust enough to take seriously.

These are:
  • For the 6.3 billion people who live outside of the West, 66 percent feel positively towards Russia and 70 percent feel positively towards China, and,
  • Among the 66 percent who feel positively about Russia the breakdown is 75 percent in South Asia, 68 percent in Francophone Africa, and 62 percent in Southeast Asia.
  • Public opinion of Russia remains positive in Saudi Arabia, Malaysia, India, Pakistan, and Vietnam.
Sentiments of this nature have caused some ire, surprise, and even anger in the West. It is difficult for them to believe that two-thirds of the world’s population is not siding with the West.