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By Michael Snyder

Barack Obama actually did it.  Despite enormous pressure from the government of Israel, President-elect Donald Trump and members of his own party in Congress, Barack Obama decided to stick a knife in Israel’s back at the United Nations.  On Friday, the UN Security Council adopted a resolution that calls for a “two-State solution based on the 1967 lines” and that shockingly states that “the establishment by Israel of settlements in the Palestinian territory occupied since 1967, including East Jerusalem, has no legal validity”.  This resolution was approved by a vote of 14 to 0, and the U.S. abstained from voting.  But essentially the outcome of the vote was going to be determined by Barack Obama.  For decades, the U.S. veto power on the UN Security Council has shielded Israel from these types of resolutions, but this time around Obama decided to betray Israel by allowing this vote to pass.  Needless to say, this vote is going to have enormous implications for Israel, for the United States, and for the entire globe.

Just five days ago, I published one of the most important articles that I have ever written.  It was entitled “The Real Reason Why America Has Been Given A Reprieve“, and in that article I explained why the U.S. has experienced a season of blessing since blocking a potential UN Security Council resolution that France wanted to introduce that would have formally divided the land of Israel in September 2015.  If you have not read that article yet, please go back and read it, because it will be of great aid in understanding why this new UN Security Council resolution is so incredibly important.

As I stated in that previous article, it is my contention that the reason why things have gone so well for the United States over the past 16 months is because Barack Obama made the right decision in September 2015 and chose to protect the land of Israel from being divided.

But now that Barack Obama has reversed course and has greatly betrayed Israel, is America’s reprieve now over?

For months, I have been warning that Barack Obama may do something like this at the UN during the waning days of his presidency.  You can see some examples of my previous warnings here, here and here.  And I have also been warning about the severe consequences that the United States would face if our government did ultimately decide to betray Israel.

This UN Security Council resolution that was passed on Friday was originally going to be put up for a vote on Thursday.  But after enormous pressure from the government of Israel and from President-elect Donald Trump, Egypt decided to withdraw the resolution that they had proposed at the last moment.

When that happened, it looked like everything was going to be okay.

However, temporary members of the UN Security Council New Zealand, Malaysia, Venezuela and Senegal immediately objected to Egypt’s move, and they indicated that they would submit the resolution for a vote if Egypt would not.

So …read more

Source: Obama Betrays Israel At The United Nations – Is America’s Reprieve Now Over?

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By Tyler Durden

Just over six years ago, in December of 2010, we wrote “Charting America’s Transformation To A Part-Time Worker Society“, in which we predicted – and showed – that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a “gig” economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers. It also explains why despite the 4.5% unemployment rate, which the Fed has erroneously assumed is indicative of job market at “capacity”, wage growth not only refuses to materialize, but as we showed yesterday, the growth in real disposable personal income was the lowest since 2014.

When we first penned our article, it was dubbed “fringe” tinfoil hattery, or in the latest vernacular, “fake news.”

Fast forward 6 years, when a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or “gig” work is defined as “temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers”, and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was “surprised” by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.

While the finding is good news for some, such as graphic designers and lawyers who hate going to an office, for whom new technology and Obamacare has made it more appealing to become an independent contractor. But for those seeking a steady administrative assistant office job, the market is grim. It also explains why despite an apparent recovery in the labor market, wage growth has been non-existant, due to the lack of career advancement and salary increase options for this vast cohort which was hired over the past decade.

The decline of conventional full-time work has impacted every demographic. Whether this …read more

Source: Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

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By Tyler Durden

We can only imagine the establishment’s reaction to their arch-nemesis appearance on their doorstep, but as TASS reports, Russian President Vladimir Putin said on Friday he is ready to pay a visit to the US if the new US President Donald Trump sends an invitation to him.

“If Trump invites to come to the United States, then I will certainly come,” Putin told reporters.

The Russian president refrained from providing the exact date of his possible meeting with the US President-elect.

“It’s difficult to say now, first the president-elect of the United States has to take the time to put together his future cabinet,” Putin stressed.

According to our records this would be Putin’s first official visit to the United States since July 2007.

…read more

Source: Mr. Putin Comes To Washington? "If Trump Invites Me, Of Course I’ll Come"

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By Tyler Durden

While the Russian government in general, and Putin in particular, supposedly has a grudge on US voters and, according to the serious press, orchestrated the hacking of the US elections, China’s interests appear to be focused on America’s money. In the latest such breach, according to Reuters, the FBI is investigating how Chinese military hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010.

The FDIC, officially the organization backstopping the insurance of US bank deposits, is one of three federal agencies that regulate commercial banks in the United States. It oversees confidential plans for how big banks would handle bankruptcy and has access to records on millions of individual American deposits. In other words, taken to an extreme, the Chinese military may have detailed knowledge of US deposits data; assuming of course there is evidence to back up this particular hack unlike the entertaining, if unvalidated, story of Putin costing Hillary her election.

As part of the hack, the Chinese are said to have gained access to dozens of computers including the workstation for former FDIC Chairwoman Sheila Bair. It is now the target of a probe by a congressional committee.

More from Reuters:

Last month, the banking regulator allowed congressional staff to view internal communications between senior FDIC officials related to the hacking, two people who took part in the review said. In the exchanges, the officials referred to the attacks as having been carried out by Chinese military-sponsored hackers, they said. The staff was not allowed to keep copies of the exchanges, which did not explain why the FDIC officials believe the Chinese military was behind the breach.

It wasn’t just the Chinese:

An annual report by the regulator said there were 159 incidents of unauthorized computer access during fiscal year 2015, according to a redacted copy obtained by Reuters under a Freedom of Information Act request. Rather than major breaches by hackers, however, these incidents included security lapses such as employees copying sensitive data to thumb drives and leaving the agency.

Twenty of the incidents were confirmed data breaches, according to an FDIC document provided to Reuters by the U.S. House of Representatives Committee on Science, Space and Technology. That represents a higher number than was previously reported by the regulator under reporting guidelines for major incidents. Throughout the lapses, the FDIC has said it is stiffening information security standards, including a ban on thumb drives and more coordination with the Department of Homeland Security to prevent hacks.

Cited by Reuters, FDIC spokeswoman Barbara Hagenbaugh declined to comment on the previously unreported FBI investigation, or the hack’s suspected sponsorship by the Chinese military, but said the regulator took “immediate steps” to root out the hackers when it became aware of the security breach.

After FDIC staff discovered the hack in 2010, it persisted into the next year and possibly later, with staff working at least through 2012 to verify the hackers were expunged, according to a 2013 internal probe conducted by the FDIC’s inspector …read more

Source: Chinese Military Said To Hack FDIC For Years, Including Computer Of Sheila Bair

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By Tyler Durden

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

People were poor by today's standards, so why do people remember the plantation life fondly? The answer is simple: community, purpose, sacrifice and meaning.

Allow me to connect two apparently unconnected dots. Dot #1: The last sugar plantation in Hawaii is closing down, ending more than a century of plantation life in the 50th state.

Dot #2: a new study found that Nearly 95% of all new jobs during Obama era were part-time, or contract.

The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%. Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding. The disappearance of conventional full-time work, 9 a.m. to 5 p.m. work, has hit every demographic. “Workers seeking full-time, steady work have lost,” said Krueger.

While it's tempting to dismiss the plantation economy as corporate exploitation–a blatant reality in the early decades–once the I.L.W.U. represented the labor force, a more benign version emerged.

Indeed, what is striking is the nostalgia of the workers and residents for the orderly, secure life of the plantations. I attended high school in a classic plantation town in 1969-70, Lanai City, owned by Dole Pineapple, my summer employer.

Housing was cheap, work was plentiful and secure, and any married couple with plantation jobs could save enough to send their kids to college: my classmates are living proof of this.

The plantation town was not just a work place–it was a community. In the old days, bathrooms and showers were communal in sugar camps. You didn't just wave to your neighbor from your car–you shared the communal bath house.

People were poor by today's standards, so why do people remember the plantation life fondly?

The answer is simple: community, purpose, sacrifice and meaning. These are not independent dynamics–they are interwoven.

Work provided purpose and meaning, and the sacrifices made for the betterment of the next generation provides a second layer of meaning. The stable, secure community offered what every human seeks: shared purpose and friendship.

Compare this world with the insecure, isolated, atomized existence of the temporary worker in an economy that is changing fast in profound ways. Shared purpose–are you kidding? As Gustavo Tanaka observed in his essay There is something extraordinary happening in the world:

“No one can stand the (standard) employment model any longer.

We are reaching our limits. People working with big corporations can’t stand their jobs. The lack of purpose knocks on your door as if it came from inside you like a yell of despair.

People want out. They want to drop everything. Take a look on how many people are willing to risk entrepreneurship, people leaving on sabbaticals, people with work-related depression, people in burnout.”

Community? People move constantly to either move up financially or to chase work. Stability is rare, …read more

Source: "It’s Time To Get Real.. Wishful Thinking Is Not A Solution"

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By Tyler Durden

Submitted by Ryan McMaken via The Mises Institute,

Anonymous leakers at the CIA continue to make claims about Russia and the 2016 election. In response to demands to provide evidence, the CIA has declined to offer any, refusing to meet with Congressional intelligence committees, and refusing to issue any documents offering evidence. Instead, the CIA, communicating via leaks, simply says the equivalent of “trust us.”

Not troubled by the lack of evidence, many in the media and in the Democratic party have been repeating unsubstantiated CIA claims as fact.

Of course, as I've noted before, the history of CIA intelligence is largely a history of missing the forest for the trees. Sometimes, the failures have been spectacular.

One of the questions that immediately arises in the media in situations like these, however, is “has the CIA been politicized?”

When used in this way, the term “politicized” means that the CIA is involved in helping or hurting specific political factions (e,g., specific ideological groups, pressure groups, or presidential administrations) in order to strengthen the CIA's financial or political standing.

All Government Agencies Are Politicized

The use of the term, however, rather naïvely implies that it is possible for a government agency to not be politicized. A non-political government agency, it is assumed, acts without regard to how its actions and claims affect its political standing among powerful interests in Washington. Such an agency has never existed.

Indeed, when a government agency relies on taxpayer funding, Congressional lawmaking, and White House politics to sustain itself, it is absurd to expect that agency to somehow remain not “politicized.” That is, it's a logical impossibility to think it possible to set up a government agency that relies on government policymakers to sustain it, and then think the agency in question will not attempt to influence or curry favor with those policymakers.

This idea might seem plausible to school children in junior-high-school civics classes, but not to anyone who lives in the real world.

In fact, if we wish to ascertain whether or not an institution or organization is “politicized” we can simply ask ourselves a few questions:

• Does the organization depend on a legal monopoly to accomplish its mission? That is, does the organization benefit from a government prohibition on other organizations — especially private-sector ones — doing the same thing?
• Does the organization depend on taxpayer funding for a substantial amount of its budget?
• Was the organization created by government legislation?
• Are senior officials appointed by government policymakers (i.e., the President)?
• Does the organization engage in what would be illegal activities were it not for protective government legislation?

If the answer to any of these questions is “yes” then you are probably dealing with a politicized organization. If the answer to all of these questions is “yes” — as is the case with the CIA — then you're definitely dealing with a very politicized organization. (Other “non-political” organizations that fall well within this criteria as well include so-called “private” organizations such as …read more

Source: Has The CIA Been Politicized?

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By Tyler Durden

There is an odd divergence in the latest UMichigan consumer sentiment print: on one hand, the December index of Consumer Sentiment rose from 93.8 in November to 98.2, up from the preliminary 98.0 print, even as long-term inflation expectation, those in the 5-10 year bucket, dropped from 2.50% to 2.30%, a new all time low print. Which is strange, because the reason for the surge in the confidence is precisely due to the recent spike in the market, driven higher by expectations or rising inflation, something which apparently has not filtered through to orderinary US consumers, who instead are hoping to have their Dow Jones 20,000 hat, while basking in the glow of dropping prices and a “deflationary mindeset.”

It wasn’t just long-run inflation expectations – the 1-year inflation outlook similarly slipped from 2.3% to 2.3%, the lowest print in 6 years, suggesting that Trump’s reflationary policies will fail.

According to the report, while the surge in confidence following Trump’s surprise election ended by mid December, it nonetheless led to the highest level of the Sentiment Index since January 2004. Compared with the rapid gains made in late November and early December, the Sentiment Index was barely higher than at mid month and barely higher than the January 2015 peak – in both cases, just two-tenths of a point – but that small difference was enough to establish a twelve year peak.

An all-time record number of consumers (18%) spontaneously mentioned the expected favorable impact of Trump’s policies on the economy. This was twice as high as the prior peak (9%) recorded in 1981 when Reagan took office. To be sure, nearly as many consumers referred unfavorably to anticipated changes in economic policies, but those references were less than half as frequent as the peak level recorded just three years ago (16% vs. 37%). Consumers anticipated that a stronger economy would create more jobs, although expected wage gains were quite meager.

Smaller income gains were offset by record low inflation expectations. Needless to say, the overall gain in confidence was based on anticipated policy changes, with specific details as yet unknown. Such favorable expectations could help jump-start growth before the actual enactment of policy changes, and form higher performance standards that will be used to judge the Trump presidency.

And confirming that the UMich report is nothing more than a politically biased attempt to push and pull “confidence”, moments after the report, UMich Chief Economist Richard Curtin pulled away the curtain so to speak, on what is coming:

• MICHIGAN’S CURTIN: SENTIMENT LIKELY TO FALL IN COMING MONTHS

For those wondering, this is a statement Curtin has never made before, suggesting that as many speculate, the economy – and stocks – are primed for a drop following Trump’s inauguration.

…read more

Source: An Odd Disconnect: Consumer Confidence At 12 Year HIgh As Inflation Expectations Tumble To All Time Lows

    

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Posted December 23rd, 2016 in Uncategorized.

College costs here are about to go up 50%

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This is what happens when states cut funding for higher education …read more

Source: College costs here are about to go up 50%

    

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Posted December 23rd, 2016 in Uncategorized.

The U.S. Interfered In Foreign Presidential Elections 81 Times From 1946-2000

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By Tyler Durden

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Something we should all be aware of.

From the LA Times:

The CIA has accused Russia of interfering in the 2016 presidential election by hacking into Democratic and Republican computer networks and selectively releasing emails. But critics might point out the U.S. has done similar things.

The U.S. has a long history of attempting to influence presidential elections in other countries – it’s done so as many as 81 times between 1946 and 2000, according to a database amassed by political scientist Dov Levin of Carnegie Mellon University.

That number doesn’t include military coups and regime change efforts following the election of candidates the U.S. didn’t like, notably those in Iran, Guatemala and Chile. Nor does it include general assistance with the electoral process, such as election monitoring.

Levin defines intervention as “a costly act which is designed to determine the election results [in favor of] one of the two sides.” These acts, carried out in secret two-thirds of the time, include funding the election campaigns of specific parties, disseminating misinformation or propaganda, training locals of only one side in various campaigning or get-out-the-vote techniques, helping one side design their campaign materials, making public pronouncements or threats in favor of or against a candidate, and providing or withdrawing foreign aid.

The U.S. hasn’t been the only one trying to interfere in other countries’ elections, according to Levin’s data. Russia attempted to sway 36 foreign elections from the end of World War II to the turn of the century – meaning that, in total, at least one of the two great powers of the 20th century intervened in about 1 of every 9 competitive, national-level executive elections in that time period.

In the 1990 Nicaragua elections, the CIA leaked damaging information on alleged corruption by the Marxist Sandinistas to German newspapers, according to Levin. The opposition used those reports against the Sandinista candidate, Daniel Ortega. He lost to opposition candidate Violeta Chamorro.

In Haiti after the 1986 overthrow of dictator and U.S. ally Jean-Claude “Baby Doc” Duvalier, the CIA sought to support particular candidates and undermine Jean-Bertrande Aristide, a Roman Catholic priest and proponent of liberation theology. The New York Times reported in the 1990s that the CIA had on its payroll members of the military junta that would ultimately unseat Aristide after he was democratically elected in a landslide over Marc Bazin, a former World Bank official and finance minister favored by the U.S.

The U.S. also attempted to sway Russian elections. In 1996, with the presidency of Boris Yeltsin and the Russian economy flailing, President Clinton endorsed a $10.2-billion loan from the International Monetary Fund linked to privatization, trade liberalization and other measures that would move Russia toward a capitalist economy. Yeltsin used the loan to bolster his popular support, telling voters that only he had the reformist credentials to …read more

Source: The U.S. Interfered In Foreign Presidential Elections 81 Times From 1946-2000

    

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Posted December 23rd, 2016 in Uncategorized.

China hits GM joint venture with $29M fine

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Chinese regulators have fined GM’s local joint venture the equivalent of $29 million, saying it broke antitrust rules. …read more

Source: China hits GM joint venture with $29M fine

    

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Posted December 23rd, 2016 in Uncategorized.

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