UK starts countdown to new £1 coin
The U.K. Treasury said Sunday that it will begin circulating its new £1 coin on March 28. …read more
Source: UK starts countdown to new £1 coin
Archive for the ‘Uncategorized’ Category
Former Lifelong Democrat Admits "Obama Is A Failed President"
By Tyler Durden
Authored by Eric Zuesse via Strategic-Culture.org,
I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President.
It’s true not just because of the sad realities such as that “Top Ex-White House Economist Admits 94 % Of All New Jobs Under Obama Were Part-Time? — or, as the economists Alan Krueger and Lawrence Katz wrote in the original of that study: “94 percent of the net employment growth in the U.S. economy from 2005 to 2015 appears to have occurred in alternative work arrangements?. (“Alternative work arrangements? referred there to Americans who were involuntarily working only part-time jobs — they simply couldn’t find full-time, though that’s what they wanted.) In other words: Obama’s failure isn’t just because of America’s increasingly sales-clerk, and burger-flipping, workforce.
And Obama’s failure is also not just because “Poverty Rose In 96 % Of U.S. House Districts, During Obama’s Presidency?. (However, that reality turned out to be decisive in Hillary Clinton’s loss to Donald Trump on November 8th, as Nate Cohn pointed out in The New York Times on December 23rd, headlining, “How the Obama Coalition Crumbled, Leaving an Opening for Trump?. Hillary was running on Obama’s poor record.)
Obama’s failure is also because of other important reasons. Among them is the uncounted thousands of people who were killed in, and the uncounted millions of people who became refugees from, the places where Obama (or else his installed regimes) bombed and caused the residents to either die or flee. George W. Bush’s destructions of Iraq and even Afghanistan were now being followed by the destructions of Libya by Obama and Sarkozy, and of Syria by Obama and Saud and Thani and Erdogan, who armed the tens of thousands of jihadists and sent them into Syria to overthrow and replace Assad — and Bush’s destructions were followed also by Obama’s keeping in power the barbaric junta-regime that replaced the democratically elected Honduran Presiden Manuel Zelaya on 28 June 2009 shortly after Obama entered the White House (and this junta-regime, in turn, caused Honduras’s murder-rate to soar 50% to become the world’s highest, which then caused hundreds of thousands of Hondurans to flee and become undocumented U.S. immigrants, against which Donald Trump campaigned).
The Obama regime has thus created far more misery outside America, than inside it. Failures such as those didn’t cost Hillary Clinton many (if any) votes (because most voters didn’t even know about these foreign-affairs matters), but those failures were actually even bigger than Obama’s failures in purely domestic U.S. policy matters (which voters do know about). Trump campaigned against ‘illegal immigrants’, but he never even called attention to those people’s fleeing the hells that the U.S. regime had created in not only Honduras but earlier in Guatemala and El Salvador — coups and U.S.-trained death squads.
In noting Obama’s failures, I’m not a Republican; I’m no one who is condemning Obama for his allegedly being a ‘Marxist' ‘Muslim’, …read more
Source: Former Lifelong Democrat Admits "Obama Is A Failed President"
Criminal Witch Hunt In Dallas Pension Fiasco
By Tyler Durden
Submitted by Michael Shedlock via MishTalk.com,
In the wake of the near collapse of the Dallas police and fire pension fund, a Dallas News editorial says Former Police, Fire Pension Managers Should Face Criminal Investigation.
Mayor Mike Rawlings is right to ask for a state criminal investigation into shady practices by the Dallas Police and Fire Pension System’s prior management.
The fund is on the verge of a potentially catastrophic collapse that could leave public safety workers, taxpayers and the City of Dallas on the hook for billions of dollars. And the reason stems from abuses under the former administrator Richard Tettamant, who was ousted in 2014.
The fund’s former managers bet heavily on risky investments such as luxury homes in Hawaii, a resort and vineyard in California and Dallas’ Museum Tower itself, and promised its hardworking police and fire employees unrealistic returns while enjoying lavish perks.
Those returns didn’t materialize, saddling the retirement fund’s new managers with $2 billion to $5 billion in unfunded liabilities. Frightened police officers and firefighters began a run on the fund, pulling more than $500 million out of it in recent weeks at a pace that would have drained the fund’s cash to dangerous levels.
The city of Dallas contends it is not legally responsible for the actions of the pension fund’s former managers, in part, because the city doesn’t control the fund, which was set up decades ago by the Texas Legislature. But the city is on the hook nonetheless; a failure of the fund would betray promises made to current and retired public safety workers and would make it much more difficult for the city to recruit new police officers and firefighters.
Too many people are at risk and those who put them there need to be called to account for their actions.
Criminal Witch Hunt
I am not here to defend the investment schemes of the fund managers. And I certainly take exception to alleged lavish perks. But this case is going nowhere.
If one wants to place blame, then blame rests squarely on the shoulders of the legislature that authorized the plan and established the absurd pension assumptions.
Perks did not cause the pension plan to be ridiculously underfunded. Rather, ridiculous plan assumptions steered the managers into risky assets.
In hindsight, it’s easy to say the fund should have thrown it all at Google, Apple, etc. Care to make the same case going forward?
Taxpayers on the Hook?
Taxpayers should not be on the hook for this mess. The promises were bound to fail from the get go.
The fault for this mess is squarely in the hands of politicians, not those running the fund.
Nearly every public pension plan in the nation is severely underfunded. There is nothing special about Dallas.
However, politicians will never point the finger at themselves. So the witch hunt is on.
Related Articles
- Dallas Police Retiring in Droves, Taking Lump Sum Pensions, Fearing the Money Isn’t There (And It Isn’t)
- Dallas Pension Showdown: Mayor Seeks to “Target Those Who Got Rich From …read more
Source: Criminal Witch Hunt In Dallas Pension Fiasco
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At Least 35 People Killed After Shooters Dressed As Santas Open Fire In Istanbul Nightclub – Live Feed
By Tyler Durden
Live Feed from Istanbul courtesy of RT:
* * *
Turkey greeted the New Year in a tragic fashion with at least 35 people were killed and 40 wounded around 1:15 am local time, after gunmen dressed as Santas opened fire on New Year’s revelers at a nightclub in Istanbul on Sunday morning, Istanbul Governor Vasip Sahin told reporters.
Turkey’s probably most famous night club Reina attacked by 2 who were dressed as Santas and opening fire randomly, local media reports
— Fercan Yalinkilic (@FercanY) December 31, 2016
Ambulances line up in front of the Reina nightclub in Istanbul, where a gun
attack took place during a New Year party.
The attacker shot a police officer and a civilian as he entered the popular Reina club in the Ortakoy district of Istanbul before opening fire inside the building, Sahin said, in what he described as a terrorist attack.
#BREAKING Istanbul Governor says at least 35 people killed, 40 wounded in attack at Reina night club #Turkey pic.twitter.com/irZD4Djtj1
— CNN Türk ENG (@CNNTURK_ENG) January 1, 2017
Attackers w kaleshnikovs reportedly still inside famous #Reina club.
Seen several dead & injured people footage & photos. #IstanbulAttacked. pic.twitter.com/3lNYNNeixS— ilhan tanir (@WashingtonPoint) December 31, 2016
Sahin told local media that the assailants first killed the police officer, who was standing at the door of the club, and then went on a rampage inside, killing innocent civilians. A policeman and a civilian are reported to be among the two known casualties at the nightclub. There were two attackers involved, according to NTV, but conflicting reports also described a lone gunman.
The gunmen were dressed in Santa Claus outfits, wielding assault rifles, Turkish media said
??te ilk götüntüler. 40 civar? yaral? oldu?u belirtiliyor. pic.twitter.com/FExbV7e7Qy
— Murat ?ahin (@SunucuSpiker) December 31, 2016
The gunmen were dressed in Santa Claus outfits, wielding assault rifles, Turkish media said.
breaking An armed attack on a local club, Reina, in #Istanbul. Many casualties reported. At least 2 dead and over 50 ambulances on scene pic.twitter.com/GF1vhcCoW7
— Jewish Breaking News (@JBN) December 31, 2016
According to RT, one of the gunmen has reportedly hidden inside the club, while the whereabouts of the second one were not immediately clear. The number of casualties may rise, as local press estimates that between 700 and 800 people could have been in the club at the time of the attack, Mynet Haber reports.
Emergency crews have been evacuating injured people from the building as the police search for suspects. After the attackers stormed into the building, some club-goers jumped into the sea in panic, Turkish media cited eyewitnesses as saying.
A search and rescue operation for those who jumped in the water is being carried out by maritime police.
NBC and Charter extend talks before deadline
NBCUniversal and Charter Communications extended talks over a carriage deal Saturday while working to avoid a blackout. …read more
Source: NBC and Charter extend talks before deadline
Narrative Smashed By Stats – "Most Americans" Did Not Vote For Hillary Clinton
By Tyler Durden
Submitted by Salil Mehta via Statistical Ideas blog,
Happy New Year! As we wrap up another successful year of the statistics blog (now with >50k followers), we would be remiss not to recognize some nice friends who are still feeling disappointed over the outcome of the recent U.S. election. It is worth exploring a little more about the election results, based on the most updated voting records. Particularly as the Democrats have pivoted the tête-à-tête from recount and FBI director Comey, to popular vote and Russian president Putin.
What does it mean to now imply that “most Americans” voted for Democratic ideals, given the results (looked at through the prism of a popular vote tabulation) showed Hillary Clinton won by only a couple percent?
It turns out that this sort of conclusion is false, and instead it leads to one party presuming to hold a mighty moral high-ground from their ? voting share?
From a peak in 2008, now through 2016, those not caring to vote (in white below) continuously rose to 45% (from 43%). This is a higher voter apathy than in virtually all other advanced countries. And frankly, it is the largest American segment of 114m (up from 99m). Last-minute undecideds (including me) rose.
Additionally, the voting share for the popular vote “winner” (in blue below) fell to 48% (from 53%), or as a portion of the entire eligible population (as opposed to as a portion of voters) it fell to 26% (from 30%). So on net, even as the population grew, a small fraction voted (and within that an even smaller fraction voted for the popular vote “winner”). This results in Hillary Clinton not epitomizing the views of “most Americans” even if she “won the popular vote”, but rather supported by only 66 million Americans (down from 70 million who voted for Barack Obama in 2008).
I'm with her? Observe their share of the pie, below! Democrats have simply seen a continuously dwindling moral-standing to speak for all Americans, even as the population has grown in the past 8 years.
So now back to my friends who are still feeling sour over the Presidential election and looking for relief. I feel a particular sense of responsibility since my polling probability research was read by millions and continuously solicited/shared by one party, and always properly showed Donald Trump had much stronger odds (~3x) versus what MSM polls or Nate Silver were “scientifically” suggesting. It is worth noting something here at year-end: it's an acutely individual loss, to not see that there are so many tremendous and long-term opportunities we get to enjoy, just living in a great nation such as the United States. We get most things right, most of the time. We get to argue about politics and not worry about a knock on our door in the middle of the night. …read more
Source: Narrative Smashed By Stats – "Most Americans" Did Not Vote For Hillary Clinton
Narrative Smashed By Stats – "Most Americans" Did Not Vote For Hillary Clinton
By Tyler Durden
Submitted by Salil Mehta via Statistical Ideas blog,
Happy New Year! As we wrap up another successful year of the statistics blog (now with >50k followers), we would be remiss not to recognize some nice friends who are still feeling disappointed over the outcome of the recent U.S. election. It is worth exploring a little more about the election results, based on the most updated voting records. Particularly as the Democrats have pivoted the tête-à-tête from recount and FBI director Comey, to popular vote and Russian president Putin.
What does it mean to now imply that “most Americans” voted for Democratic ideals, given the results (looked at through the prism of a popular vote tabulation) showed Hillary Clinton won by only a couple percent?
It turns out that this sort of conclusion is false, and instead it leads to one party presuming to hold a mighty moral high-ground from their ? voting share?
From a peak in 2008, now through 2016, those not caring to vote (in white below) continuously rose to 45% (from 43%). This is a higher voter apathy than in virtually all other advanced countries. And frankly, it is the largest American segment of 114m (up from 99m). Last-minute undecideds (including me) rose.
Additionally, the voting share for the popular vote “winner” (in blue below) fell to 48% (from 53%), or as a portion of the entire eligible population (as opposed to as a portion of voters) it fell to 26% (from 30%). So on net, even as the population grew, a small fraction voted (and within that an even smaller fraction voted for the popular vote “winner”). This results in Hillary Clinton not epitomizing the views of “most Americans” even if she “won the popular vote”, but rather supported by only 66 million Americans (down from 70 million who voted for Barack Obama in 2008).
I'm with her? Observe their share of the pie, below! Democrats have simply seen a continuously dwindling moral-standing to speak for all Americans, even as the population has grown in the past 8 years.
So now back to my friends who are still feeling sour over the Presidential election and looking for relief. I feel a particular sense of responsibility since my polling probability research was read by millions and continuously solicited/shared by one party, and always properly showed Donald Trump had much stronger odds (~3x) versus what MSM polls or Nate Silver were “scientifically” suggesting. It is worth noting something here at year-end: it's an acutely individual loss, to not see that there are so many tremendous and long-term opportunities we get to enjoy, just living in a great nation such as the United States. We get most things right, most of the time. We get to argue about politics and not worry about a knock on our door in the middle of the night. …read more
Source: Narrative Smashed By Stats – "Most Americans" Did Not Vote For Hillary Clinton
Asshat of the Year Award: Doug Kass
By The_Real_Fly
It was a year replete with Asshats, men and women making complete fools of themselves — as mankind tends to do on a continuous basis. But, just like in the book Animal Farm, some fools are more equal than others.
Enter Doug Kass.
During the height of Hillary Clinton’s campaign, buoyed by a biased media and rigged polls, Mr. Kass took time out from his day to venture on over to have a chat with the strange man at Bloomberg, who is seemingly obsessed with bow-ties and what college professors are up to, Tom Keene. During his interview, accompanied by an analyst from Citi, Kass predicted, quite effervescently and with ample degrees of energy, that Donald Trump would, in fact, DROP OUT of the race for President of the United States.
Both him and the Citi analyst were practically orgasmic over the specter of such a humiliating occurrence — which would, of course, equate to the ascension of the first female president of the United States, Hillary Clinton.
Watch.
As the campaign carried on, I kept tabs on Mr. Kass to make sure he knew that he owned that video and would one day pay for it.
.@DougKass Wondering if you still believe Trump will drop out of the race? Thanks in advance.
— The_Real_Fly (@The_Real_Fly) September 19, 2016
Today is that day.
Congratulations Mr. Douglass Kass for winning 2016’s Asshat of the Year Award. You certainly earned the distinction.
Content originally generated at iBankCoin.com
Source: Asshat of the Year Award: Doug Kass
Pentagon Admits US Airstrike On Hospital "May Have Killed Civilians"
By Tyler Durden
Submitted by Jason Ditz via TheAntiMedia.org,
Adding to concerns about the civilian toll of the US air war against ISIS targets, the Pentagon yesterday admitted that they carried out an airstrike against the parking lot of a Mosul hospital, conceding that they “may have killed civilians” in the attack.
The Pentagon’s Combined Joint Strike Force said in a statement that they were after a van they suspected of carrying ISIS fighters, and they blew it up in the parking lot of what “was later determined to be a hospital.” The US has previously insisted all hospital sites in Mosul were well known and that they were taking extreme care not to hit civilians.
Yet this is the second time this month the US-led coalition has bombed a hospital’s property, with a previous attack deliberately targeting the city’s main hospital complex at the behest of the Iraqi government. The Pentagon insisted at the time they “did not have any reason to believe” they killed any civilians, but conceded they had no idea if there were even patients at the hospital.
The Pentagon has made a habit of dramatically underreporting civilian casualties in the ISIS war, with some reports suggesting that the actual toll of civilians killed by the US may be as many as ten times the “official” figures.
This is the result of the Pentagon largely not investigating allegations of large figures they deem “not credible,” and revising downward the numbers slain in already well-documented incidents by the time they get around to putting them in the reports.
Source: Pentagon Admits US Airstrike On Hospital "May Have Killed Civilians"
2016 Ended: Saying Goodbye To A Roller-Coaster Year
By Tyler Durden
Submitted by Andrei Akulov via Strategic-Culture.org,
The year 2016 was a time of numerous major events providing no clue to what the world will be like in the 21st century. It could be anything – from plunging into devastating wars and economic downturns to unheard of prosperity and stability leaving the present turmoil in the past. There is no clear trend of global development and it’s impossible to say where the world is heading to. At least, not at the threshold of 2017.
The importance of information grew exponentially. 2016 will be remembered as a year of information wars. This factor is becoming increasingly instrumental in international affairs. No information sources are fully trusted anymore but the influence of media outlets and social networks is immense as the US electoral campaign showed.
Internet has become a battlefield where information wars are waged to influence large masses of people and a considerable number of world leaders. A media outlet has become the most powerful weapon used by a “warring side?.
Geopolitical instability was increasing. There were geopolitical uncertainties, such as Brexit, the slowdown of China’s economic development to affect the global economic situation, and slow-moving trends in demographics and productivity growth.
2016 will be remembered as the year of the fourth industrial revolution – a phenomenon expected to change the world as we know it today. It started with consequences unknown. Despite rapid changes in technology, greater productivity, and the progress in labor force skills, the global economy was going through another year of stagnation. Internet, nanotechnology, bioscience, electronics, photonics, advanced materials and renewable energies have so far failed to produce a qualitative leap in the lives of many ordinary people, with social problems remaining as acute as ever.
And so far nothing gives ground to say 2017 will be the year of rapid economic growth. The ongoing political and economic uncertainties around the world are expected to negatively affect the fourth industrial revolution. At least, that’s what it was like in the year that’s gone.
In 2016, the China-offered Free Trade Area of Asia-Pacific was launched while the US-initiated Trans-Pacific Partnership (TPP) has a slim chance to ever come to fruition. The China’s sponsored Asian Development Bank and European Bank for Reconstruction and Development started to sponsor the new Silk Road plan. If successful, these two projects can change the economic map of the contemporary world to benefit many other states and damage the US in terms of global standing.
The Silk Road Economic Belt will connect China with Central Asia, Russia and the Baltic countries in Europe; with the Persian Gulf and the Mediterranean Sea through Central Asia and West Asia; and with Southeast Asia, South Asia and the Indian Ocean. The Maritime Silk Road, meanwhile, will link China’s coast to Europe through the South China Sea and the Indian Ocean in one route, and from China’s coast through the South China Sea to the South Pacific in the other. 2016 …read more
Source: 2016 Ended: Saying Goodbye To A Roller-Coaster Year
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