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Professors Pledge To "Use Regular Class Time" To Protest Trump

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By Tyler Durden

A national “teach-in” movement is asking professors to set aside class time between Martin Luther King, Jr. Day and the presidential inauguration to “protest” oppression and challenge “Trumpism.”

As CampusReform's Anthony Gockowski reports, so far, 17 American colleges and universities have signed on to participate in the campaign originating out of UCLA, including such prestigious institutions as Princeton and UC-Berkeley.

The movement, known as “Teach, Organize, Resist,” is set to kick-off on January 18, strategically “poised between Martin Luther King Jr. Day and the presidential inauguration” as an explicit means of “challenging Trumpism.”

“Transform your classrooms and commons into spaces of education that protest policies of violence, disenfranchisement, segregation, and isolationism,” the organizers urge educators on the movement’s homepage, clarifying elsewhere on the site that participation “is an opportunity to affirm the role of critical thinking and academic knowledge in challenging Trumpism.”

“On that day, we intend to teach about the agendas and policies of the new administration, be it the proposed dismantling of economic and environmental regulations or the threatened rollback of the hard-won rights that form the fragile scaffolding of American democracy,” a description for the teach-in explains, later accusing Trump of institutionalizing “white supremacy” and allegedly proposing the “expansion of state violence targeting people of color” and other marginalized groups.

“On that day, we intend to organize against the proposed expansion of state violence targeting people of color, undocumented people, queer communities, women, Muslims, and many others,” the description continues.

“On that day, we intend to resist the institutionalization of ideologies of separation and subordination, including white supremacy, misogyny, homophobia, Islamophobia, and virulent nationalism.”

The movement, which has been spreading on social media under the hashtag “J18,” was started by “departments, centers, and collectives at UCLA,” but has since amassed the support of 18 other institutions, many of them public.

Professors at the University of California, Santa Barbara, for instance, are asking “all UCSB faculty to actively support” the teach-in, even suggesting that they “insert a note” about it in syllabi or “use your regular class time to attend a panel with your students.”

Those professors who elect not to require their students to attend the events, however, are still asked to “not penalize students for a missed class if they intend to attend panels.”

Scripps College, on the other hand, will be hosting a teach-in on “conservatism and right wing movements,” which will discuss Republican “strategies and tactics of mobilizing support, producing consent, and fragmenting opposition” in order to “help fellow students understand our present political moment.”

Other prestigious institutions, including Princeton University and the University of California, Berkeley, are also among the 17 American institutions participating (two others are foreign, and another is the American Anthropological Association). All told, nine of the participating schools are public, and a total of 46 teach-ins are currently scheduled to take place.

“Let it be known that on #J18 and beyond, universities, colleges, and high schools refused to bear silent witness to the politics of hate and fear; that in …read more

Source: Professors Pledge To "Use Regular Class Time" To Protest Trump

    

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The "Most Bearish Hedge Fund" Capitulates: "We Are Beginning To Close Parts Of Our Short Book"

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By Tyler Durden

One month ago we reported that having successfully avoided a calamity for most of 2016 despite being massively net short, somewhere to the tune of around -90%, at times rising as high as -105%, Horseman Global, finally had a bad month, in fact, losing -12.80% in November, the hedge fund which we previously dubbed “the world’s most bearish hedge fund”, just suffered its worst month in history as “the short book, the bond book and the forex book lost money.”

And, with just one month left in the year, we wondered if Horseman, which was down over 16% in the first 11 months, would also have it worst year ever, outpacing the -24.7% return in 2009. We now have the answer, and it’s no… but just barely. After a 7.81% drop in December, Horseman Global has closed the books on 2016 with a 24.03% net loss, its second worst in history.

So what happened? Instead of paraphrasing, here is the answer straight from the horse’s mouth.

* * *

Horseman Capital December Letter by Russel Clark, CIO

Your fund lost 7.81% net this month to end the year down 24.03% net.

So how did a year that started so well end so badly? Since the Trump election, we have lost money in currency, bonds, and the short book. But in total over the year, we have made money in bonds and currencies. The real losing trade for 2016 has been short equities.

The losses in the short book came during two periods. The first was in February and March of this year. The bear market in commodities and emerging market had a huge reversal, and they have continued to rally all year. The fund held on to these shorts for a while, but in March decided that the dollar was in a weakening bias, and closed emerging market and commodity shorts, and in fact reversed Brazilian short positions to go long. The flip side of this was to move the fund to European and Japanese short positions, and to be long Euro and yen.

This strategy worked well into Brexit, but with the Trump election, the previously well performing short book in Europe and Japan as well as airlines reversed. Unusually, a strong dollar has also been accompanied by higher commodity prices and bond proxies have held up despite the selloff in bonds.

Shorting has been hard this year. I would say that most of my shorts have been down 30% at some point this year, but the majority have finished the year much higher. A good proxy for this would be the Dow Jones Transport Index. This was down 16% for the year in January. From the lows, it has rallied as much as 48%, to close the year up 20%.

One of the reasons that I run the fund the way that I do is that I do believe that a Chinese financial or currency crisis (probably both at the same time) seems inevitable. The implications of this to me have been that commodities would …read more

Source: The "Most Bearish Hedge Fund" Capitulates: "We Are Beginning To Close Parts Of Our Short Book"

    

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In Scathing Attack, CIA Director Brennan Warns Trump To "Watch What He Says"

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By Tyler Durden

The departing CIA director John Brennan has launched a scathing attack on Donald Trump, warning the President-elect does not fully understand the threat posed to the US by Russia.

“I think Mr. Trump has to understand that absolving Russia of various actions it has taken in the past number of years is a road that he needs to be very, very careful about moving down.“

As Reuters reports, Brennan's comments, during an interview on “Fox News Sunday,” exposed the simmering tensions between the president-elect and the intelligence community he has criticized and is on the verge of commanding.

“Spontaneity is not something that protects national security interests and so therefore when he speaks or when he reacts, just make sure he understands that the implications and impact on the United States could be profound,” Brennan said.

“It's more than just about Mr. Trump. It's about the United States of America.“

“What I do find outrageous is equating intelligence community with Nazi Germany,” Brennan said. “I do take great umbrage at that.”

Brennan also questioned the message it sends to the world if the president-elect broadcasts he does not have confidence in the United States' own intelligence agencies.

“The world is watching now what Trump says and listening very carefully. If he doesn’t have confidence in the intelligence community, what signal does that send to our partners and allies as well as our adversaries?”

“There is no basis for Mr Trump to point fingers at the intelligence community for 'leaking' information that was already available publicly,”

Speaking earlier on Sunday, President Barack Obama's chief of staff Denis McDonough said the intelligence community was “staffed by an unbelievably cadre of professionals” and he dismissed the notion that they would seek to undermine Mr Trump's victory as the President-elect has suggested. As Jacob G. Hornberger warns:

In a truly remarkable bit of honesty and candor regarding the U.S. national-security establishment, new Senate minority leader Charles Schumer has accused President-elect Trump of “being really dumb.”… for taking on the CIA and questioning its conclusions regarding Russia.

“Let me tell you, you take on the intelligence community, they have six ways from Sunday at getting back at you…. He’s being really dumb to do this.”

[…]

No president since John F. Kennedy has dared to take on the CIA or the rest of the national security establishment […] They knew that if they opposed the national-security establishment at a fundamental level, they would be subjected to retaliatory measures.

Kennedy… After the Bay of Pigs, he vowed to tear the CIA into a thousand pieces and scatter them to the winds. He also fired CIA Director Allen Dulles, who, in a rather unusual twist of fate, would later be appointed to the Warren Commission to investigate Kennedy’s murder.

Kennedy’s antipathy toward the CIA gradually extended to what President Eisenhower had termed the military-industrial complex, especially when it proposed Operation Northwoods, which called for fraudulent terrorist attacks to serve as a pretext for invading Cuba, and when it suggested …read more

Source: In Scathing Attack, CIA Director Brennan Warns Trump To "Watch What He Says"

    

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This Bloomberg Editorial Claims Experts Are Necessary for Government – We Disagree

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By TDB

Via The Daily Bell

Sometimes the People Need to Call the Experts … The government about to take over in Washington has more billionaires than the Boston of Buckley’s time, but it seems willing to test the theory that academics can be dispensed with for the most part.

This article says that people ought to run the country except when “experts” do a better job, and that’s a lot of the time.

The article maintains that it “prefers citizens for broad questions of policy and society. The citizens are more likely to be in touch with the concerns of everyday life, and less likely to embrace utopian schemes. They are more likely to be politically and culturally diverse. Overall, they are more conservative in both the “small c” sense of that word and the more political sense.”

Not only that, but the article stresses that Democrats might make better decision-makers than Republicans and that having the people rule might result in a less immigration, less free trade, more law and order and more nationalism.

But – and there’s a big but – when it comes to the “the nuts and bolts of governance,” experts are preferable according to the article.

Typically I would prefer to be ruled by the Harvard faculty, even recognizing the biases of experts. They understand the importance of applying expertise to complex problems, and they realize many issues do not respond well to common-sense fixes.

The citizenry usually cannot make good decisions, or for that matter expert appointments, when technocracy is required. If I had to pick a single area where faculty rule would be most appropriate, it is the Federal Reserve. (The Environmental Protection Agency would be another candidate.)

The article goes on to defend this preference. Few citizens, it says, understand much about inflation, interest or shadow banking. And its no accident, it adds, that recent Fed chairman have come from toplevel academic environments.

In contrast, normal people would just talk about easy money or hard money. The article disapproves of such talk when it comes to specific problems. In fact, the article is concerned about the possibility the Fed is headed away from a reliance on expertise.

The article is also concerned about the trend away from acadmic advice generally. President-elect Donald Trump has seemingly emphasized business sucess above almost anything else.

Trump’s attraction to alternative views when it comes to vaccines is also “worrying.” Generally there’s a “time and place” for generalist viewpoints but such viewpoints have been overdone.

For us, the problem of the Federal Reserve is easily solved. It ought to be done away with. Vaccines ought to be entirely voluntary. And business success is not neccesarily better than other kinds of success. Again, when it comes to appointing people to office, the main priority ought to be offering fewer of them – a lot fewer.

Conclusion: The article stresses the considered opinions that academics can bring to the table. But outfits like the Fed are monopolies and surely not worth maintaining to begin with. Having academic commentaries on such things …read more

Source: This Bloomberg Editorial Claims Experts Are Necessary for Government – We Disagree

    

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Cable Plunges To October Flash-Crash Lows After May’s "Clean & Hard Brexit" Headlines

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By Tyler Durden

As we warned earlier, following UK PM Theresa May’s “clean and hard” Brexit comments, cable has tumbled very close to a 1.19 handle in very early (and illiquid) AsiaPac trading. This is the lowest level for sterling relative to the dollar since the October flash-crash…

It appears the New Zealand FX traders are active early…

…read more

Source: Cable Plunges To October Flash-Crash Lows After May’s "Clean & Hard Brexit" Headlines

    

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By williambanzai7

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Source: ReTuRN oF THe STaTiST FaSCioNiSTaS…

    

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Theresa May To Call For "Clean And Hard Brexit" As UK Warns Of "Market Correction"

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By Tyler Durden

While the track record of the Sunday Times over the past 24 hours is somewhat spotty, following a report that as his foreign trip abroad once officially president, Trump is planning a summit with Putin in Reykjavik, which in turn was promptly denied by Trump staffers who called the story “fantasy”, overnight the paper also reported that UK Prime Minister Theresa May will announce that Britain is “seeking a clean and hard Brexit” in a speech this week that will promise to create a “strong new partnership” with the European Union.

The paper further notes that in the speech, scheduled for Tuesday, the PM will “finally lay her cards on the table”, making clear that the UK is set to pull out of the single market and the European customs union in return for the ability to curb immigration, strike commercial deals with other countries, and escape the jurisdiction of the European Court of Justice, the Sunday Times said without saying how it obtained the information.

In a separate interview with German newspaper Welt am Sonntag, May’s finance chief, Philip Hammond, said Britain would be willing to abandon “mainstream economic and social thinking” if it is unable to craft a favorable post-Brexit EU deal. Hammond said he hoped the U.K. could remain in the mainstream, but was prepared for the consequences for a hard Brexit.

“If we have no access to the European market, if we are closed off, if Britain were to leave the European Union without an agreement on market access, then we could suffer from economic damage at least in the short-term. In this case, we could be forced to change our economic model and we will have to change our model to regain competitiveness. And you can be sure we will do whatever we have to do.”

To avoid fallout from the breakup and grant businesses some certainty over the outlook, May will seek a transitional phase between splitting from the EU and the beginning of a new trading relationship, the Sunday Times said, citing Brexit Secretary David Davis. “We don’t want the EU to fail, we want it to prosper politically and economically, and we need to persuade our allies that a strong new partnership with the U.K. will help the EU to do that,’’ Davis wrote in the newspaper. “If it proves necessary, we have said we will consider time for implementation of new arrangements.’’

The market is likely to have an adverse reaction to the leaked (if unconfirmed speech): as Bloomberg points out, “May’s blueprint for Brexit risks alarming investors, bankers and company executives who will fret that May is prioritizing social issues over economic growth.” A Downing Street source said that May had “gone for the full works”, although the prime minister’s staff admitted her words were likely to cause a “market correction” that could lead to a fresh fall in the pound.

Of course, that may be inaccurate, because as the recent record streak of 14-winning days in the British …read more

Source: Theresa May To Call For "Clean And Hard Brexit" As UK Warns Of "Market Correction"

    

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Facebook to alert fake news before German election

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With a federal election looming in Germany, Facebook is beginning to attach warning labels to made-up stories posted by German users of the web site. …read more

Source: Facebook to alert fake news before German election

    

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Facebook to warn users of fake news before German election

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With a federal election looming in Germany, Facebook is beginning to attach warning labels to made-up stories posted by German users of the web site. …read more

Source: Facebook to warn users of fake news before German election

    

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Trump Ensnares Media in Yet Another Fake News Boondoggle

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By The_Real_Fly

IMG_6113

The media was rife with ‘I told you so’ headlines yesterday, after reports from more unnamed sources said the first order of business for the Trump administration was to hold a summit with Vladimir Putin, in Iceland, just like Reagan did with Gorbachev, circa 1986.

The headlines were smug and the Twitterati of newly born left wing militarist war mongers were resplendent with calls for martial law or protests or anything that could stop Donald Trump, an obvious traitor against America — a revolting person of low qualities who enjoys to be urinated upon by Russian hookers.

The only problem with that narrative, as touching as it may seem, is that it’s completely false. According to Trump’s press secretary, it’s all fake news.

Here is what Bloomberg peddled for news yesterday.

Donald Trump’s advisers have told U.K. officials that the incoming president’s first foreign trip will be a meeting with Russian President Vladimir Putin, potentially in Reykjavik within weeks of taking office, the Sunday Times reported.

Trump plans to begin working on a deal to limit nuclear weapons, the newspaper said, without providing details. It cited an unidentified source for the summit plans, and added that Moscow is ready to agree to the meeting, based on comments from officials at the Russian embassy in London.

The paper, citing an unidentified adviser to Trump, told the Times that the president-elect, who will be sworn in on Jan. 20, will meet with Putin at a neutral venue “very soon.”

In eyeing Iceland’s capital, Trump’s team may be hoping to recreate the optics of a Reagan-era nuclear agreement. Former President Ronald Reagan and Mikhail Gorbachev, then general secretary of the Soviet Union’s Communist Party, held a two-day summit in Reykjavik in October 1986 to work on what eventually became a major nuclear disarmament treaty between the two superpowers in 1987.

Trump’s transition team didn’t immediately respond to a request for comment.

Did the media just make up this story out of thin air in an attempt to further deride Trump? I must admit, only in a bizarre world, such as the left find themselves creating for themselves, is holding meetings with a military super power in the attempts to normalize relations and preserve peace a bad thing. Alas, we are living in an era of war, where the military industrial complex works overtime to control useful idiots to foment anger and sway public opinion toward (you guessed it) MOAR WAR.

This story was likely leaked by team Trump on purpose, in order to make the media look like jackass fools. By leaking falsehoods to an ornery and invective media, Trump keeps them on their toes and makes them second guess anything they hear coming out of his quarters, an effective disinformation strategy used to fool an enemy during a time of war.

…read more

Source: Trump Ensnares Media in Yet Another Fake News Boondoggle

    

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