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"Then We Will Fight In The Shade" – A Guide To Winning The Media Wars

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By Tyler Durden

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.

– Sun Tzu, The Art of War

The ongoing battle between independent, alternative media and legacy corporate-government sponsored propaganda media is in full swing following Donald Trump’s victory in the 2016 election. While I’m no big fan of Trump, his win has so emotionally damaged the U.S. status quo they have begun to lash out in a hysterical and careless manner against those they feel prevented Her Highness, Hillary Clinton, from ascending to the throne.

The escalation of this fight, which I have referred to as “The Media Wars” since the summer, was easy to foresee. As I noted in the post, Questioning Hillary’s Health is Not Conspiracy Theory:

As I look at the landscape in 2016 to-date, I observe emergent signs that alternative media is finally beginning to take over from the legacy mainstream media when it comes to impact and influence. The mainstream media (unlike with John McCain in 2008), had decided that Hillary Clinton’s health was not an issue and chose not to pursue it. Many in the alternative media world took a different position, and due to mainstream media’s failure to inform the American public for decades, the alternative media drove that issue to the top of the news cycle.

That’s power.

This is an incredibly big deal, and the mainstream media intuitively knows what it means. It means a total loss of legitimately, prestige and power. All of which is well deserved of course.

So here’s the bottom line. 2016 represents the true beginning of what I would call the Media Wars. Alternative media is now capable of driving the news cycle. Mainstream media now has no choice but to fight back, and fight back it will. It will fight back dirty. This is going to get very ugly, but by the time the dust has settled, I think much of the mainstream media will be left as a shell of its former self.

2016 was the year when alternative, independent media went from being merely influential, to affecting the outcome of a Presidential election. As was widely reported, basically every single newspaper in the nation endorsed Hillary Clinton for President. The fact she lost anyway represented the greatest middle finger to the media (and the status quo generally) doled out by the American public in at least a generation.

While genuinely fake Macedonia-based news sites certainly garnered a lot of clicks (and revenue) by inventing ridiculous stories, anyone who really thinks this is what led to Hillary’s defeat is simply in denial. We all know that independent websites taking Hillary to task on her very real and very deplorable track record of being a compulsive liar is what was truly decisive. The mainstream media knows this, which is why they haven’t actually been focusing on censoring provably …read more

Source: "Then We Will Fight In The Shade" – A Guide To Winning The Media Wars

    

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New Poll Ranks "Credibility" Of Mainstream Media Outlets

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By Tyler Durden

Hillary Press

As the mainstream media’s desperate attempt to salvage it’s reputation by discrediting “fake news” sources (otherwise known as any media outlet expressing a right-of-center opinion) rages on, Morning Consult has released a new poll ranking the “credibility” of the various print and TV media sources.

The major networks, ABC, CBS and NBC, ranked highest in credibility while the cable news outlets fell further down the list, with MSNBC trailing the pack.

The Wall Street Journal edged out the New York Times as the “most credible” print media source. Meanwhile, the Huffington Post, which literally pledged allegiance to Hillary Clinton, was viewed as credible by 46% of those surveyed proving that the polling data is utterly useless. And, as if that wasn’t enough evidence to prove its irrelevance, the poll also found that 18% of respondents found “The Onion,” which is the only openly “fake news” source on the list, to be credible.

And, like many polls released at the tail end of the 2016 presidential election cycle, the results were drastically split along party lines implying that consolidated results could be heavily manipulated through “oversamples” of various groups based on party affiliation and ethnicity.

Among Republicans, Fox News was viewed as the “most credible” news source while The Onion ranked last. That said, Democrats ranked Fox just above The Onion which they found to be more credible than both Breitbart and Infowars.

Fake News

Meanwhile, nearly 50% of respondents said that they see “fake news” at least once a day. That said, it’s pretty difficult to lend any credibility to a poll in which 22% of Democrats surveyed view The Onion as a credible news source.

Fake News

Of course, we assume that the majority of the people surveyed in this poll must have missed the following memo revealed by WikiLeaks and exposing unprecedented coordination between the Hillary campaign and the mainstream media.

They probably also ignored the fact that the guest list included the who’s who of national reporters, many of whom ranked at the very top of the Morning Consult’s poll of the “most credible” media outlets.

Hillary Press

But what do we know? We’re just another “fake news” outlet peddling fiction.

…read more

Source: New Poll Ranks "Credibility" Of Mainstream Media Outlets

    

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Tinder CEO steps down to head dating-focused fund

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Sean Rad will be stepping away from his day-to-day duties as Tinder CEO in order to run Swipe Ventures. …read more

Source: Tinder CEO steps down to head dating-focused fund

    

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Life Expectancy In U.S. Drops For The First Time In Decades – "This Is A Big Deal"

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By Tyler Durden

Life Expectancy

For the first time in two decades, according to a new study released by the U.S. Department of Health and Human Services, the life expectancy of the average American declined in 2015. Of course, with America’s obesity epidemic spiraling out of control it probably shouldn’t be a surprise that the occurrence of deaths related to America’s number 1 killer, heart disease, is on the rise (see “FatLivesMatter: At Least 1 Out Of Every 5 People Are Obese In All 50 States“).

While the life expectancy rate ticked down only marginally to 78.8 versus 78.9 in 2014, the fact that it reversed course from a multi-decade rise is “a big deal” according to Philip Morgan, a demographer at the University of North Carolina, Chapel Hill. Per NPR:

So the news out of the federal government Thursday is disturbing: The overall U.S. death rate has increased for the first time in a decade, according to an analysis of the latest data. And that led to a drop in overall life expectancy for the first time since 1993, particularly among people younger than 65.

“This is a big deal,” says Philip Morgan, a demographer at the University of North Carolina, Chapel Hill who was not involved in the new analysis.

“There’s not a better indicator of well-being than life expectancy,” he says. “The fact that it’s leveling off in the U.S. is a striking finding.”

According to the study, death rates per 100,000 people increased for every demographic of the American population with the exception of “Black Females.”

While that’s not a lot, it was enough to cause the overall life expectancy to fall slightly. That’s only happened a few times in the past 50 years. The dip in 1993, for example, was due to high death rates from AIDS, flu, homicide and accidental deaths that year.

On average, the overall life expectancy, for someone born in 2015, fell from 78.9 years to 78.8 years. The life expectancy for the average American man fell two-tenths of a year — from 76.5 to 76.3. For women, it dropped one-tenth — from 81.3 to 81.2 years.

Life Expectancy

Meanwhile, many of the leading causes of death, including heart disease, stroke, Alzheimer’s and diabetes, all ticked up year-over-year sparking a debate of whether higher death rates were linked to obesity and/or higher stress related to the 2008 economic crisis.

Most notably, the overall death rate for Americans increased because mortality from heart disease and stroke increased after declining for years. Deaths were also up from Alzheimer’s disease, respiratory disease, kidney disease and diabetes. More Americans also died from unintentional injuries and suicide. In all, the decline was driven by increases in deaths from eight of the top 10 leading causes of death in the U.S.

“When you see increases in so many of the leading causes of death, it’s difficult to pinpoint one particular cause as the culprit,” Anderson says.

The obesity epidemic could be playing a role in the increase …read more

Source: Life Expectancy In U.S. Drops For The First Time In Decades – "This Is A Big Deal"

    

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Here’s how much NFL ratings were affected by the election

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The 2016 Election did have an impact on the NFL’s ratings this year, but it wasn’t the only issue the league faced. …read more

Source: Here’s how much NFL ratings were affected by the election

    

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Starbucks introduces Pokémon Go Frappuccino

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Now we’ll know what Pokémon tastes like. …read more

Source: Starbucks introduces Pokémon Go Frappuccino

    

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Pantone’s 2017 color of the year is …

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for latest details. …read more

Source: Pantone’s 2017 color of the year is …

    

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Oscar Health opens brick and mortar space

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Oscar Health, the $2.7 billion dollar startup cofounded by Joshua Kushner, opened its first doctor’s office in downtown Brooklyn. …read more

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JPM’s Quant Wizard Returns To The Dark Side, Warns Of Coming "Market Turmoil"

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By Tyler Durden

Having taken a jaunt with all the other recently converted bulls over the past month – ever since Trump’s presidential victory, which nobody anticipated and all the experts predicted would be bearish for stocks – JPM’s quant wizard, Marko Kolanovic has released an “add on” to his wildly bullish “Outlook for Equities” piece from last week, in which he makes a gracious return to the dark(ish) side, warning that “further withdrawal of monetary accommodation would likely lead to turmoil in financial markets” although, he adds, higher oil prices and lack of investor focus on China/CNY mean risks are lower than last January.

He notes that the initial market reaction to the election, with positive equities and the idea of reflation, have been accepted as base-case, however he then warns that this will revert similar to the first quarter of this year, and we will see a pullback in USD, and outperformance of EM assets, commodities, and value equities.

Kolanovic also says the “risk on” nature of the market reaction (bonds down, equities up) prevented a more rapid deleveraging among quant-driven funds going into the U.S. election, however should bond yields continue increasing, with 10Y beyond 2.75%, this will risk an equity selloff that usually triggers a broader deleveraging of var-based strategies. As a reminder, 2.75% on the 10Y is also the threshold which Goldman said last week would result in a stocks selloff.

“Absent another leg of the market rally, this overhang will weaken and at some point reverse, leading to an increase in realized volatility levels” Kolanovic notes.

Next, when looking at his bread and butter, volatility, Kolanovic says the VIX appears to be 3 points too cheap (1 standard deviation) relative to dozens of different macroeconomic variables, however instead of buying the bottom in VIX, Kolanovic is a seller of bounces and repeats his call that VIX in 2017 will likely trade in a similar range to 2016. To wit:

Periods of low volatility are likely to mask underlying fundamental risks and be followed by quick outbursts of volatility that may not last long enough (due to unwinding of hedges, opportunistic selling of volatility) to be captured by an average investor. Hedgers may buy volatility ahead of an event and sell shortly before the catalyst to capture volatility grinding higher. To gauge market risks, equity investors should watch for further increases in bond yields and strengthening of USD.

Still, he does warn that “an upside risk to our base case volatility view is if the US were to enter a recession (to which our Economists assign only a ~25% chance over the next 12M), and a downside risk for volatility would be a quick and effective US fiscal stimulus alongside continued monetary accommodation that causes a rally in risky asset classes.”

When looking at sector and factor dispersion, the JPM quant believes low volatility stocks and segments of tech and discretionary (large cap Internet) may continue to be under pressure due to rotations.

Furthermore, confirming something we have been saying since 2009, Kolanovic …read more

Source: JPM’s Quant Wizard Returns To The Dark Side, Warns Of Coming "Market Turmoil"

    

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Portland "Orecrats" Target Income Inequality: Pass Massive 25% Tax On Corps With "Excessive CEO Pay"

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By Tyler Durden

portland-tax

Submitted by Michael Shedlock via MishTalk.com,

Liberals in the city of Portland Oregon have put their foot down against income inequality.

The “Orecrats” are not going after CEOs, but rather corporations that have CEO salaries the “Orecrats” deem excessive.

The tax penalty on corporations is as much as 25%.

Please consider Portland Adopts Surcharge on C.E.O. Pay in Move vs. Income Inequality.

Moving to address income inequality on a local level, the City Council in Portland, Ore., voted on Wednesday to impose a surtax on companies whose chief executives earn more than 100 times the median pay of their rank-and-file workers.

The surcharge, which Portland officials said is the first in the nation linked to chief executives’ pay, would be added to the city’s business tax for those companies that exceed the pay threshold. Currently, roughly 550 companies that generate significant income on sales in Portland pay the business tax.

Under the new rule, companies must pay an additional 10 percent in taxes if their chief executives receive compensation greater than 100 times the median pay of all their employees. Companies with pay ratios greater than 250 times the median will face a 25 percent surcharge.

The tax will take effect next year, after the Securities and Exchange Commission begins to require public companies to calculate and disclose how their chief executives’ compensation compares with their workers’ median pay. The S.E.C. rule was required under the Dodd-Frank legislation enacted in 2010.

Thomas Piketty, a professor at the Paris School of Economics and an authority on income inequality who wrote “Capital in the Twenty-First Century,” said he favored the Portland tax as a first step.

“This is certainly part of the solution,” Mr. Piketty wrote in an email, “but the tax surcharge needs to be large enough; the threshold ‘100 times’ should be substantially lowered.”

Another supporter of the tax is Charlie Hales, the mayor of Portland.

“Income inequality is real, it is a national problem and the federal government isn’t doing anything about it,” Mr. Hales, a Democrat, said in a telephone interview. “We have a habit of trying things in Portland; maybe they’re not perfect at the first iteration. But local action replicated around the country can start to make a difference.”

Mr. Hales, who did not seek re-election, will leave office at the end of the month.

Attacking Symptoms

Portland attacks the symptom of the problem, not the problem. The Portland legislation may even enhance the problem.

If possible, CEO’s will take stock options and bonuses to escape the rule. If this idea catches on (and most economically foolish ideas promoted by the Left do catch on) corporations will reduce hiring and expansion plans.

Economic illiterate of the day, Thomas Piketty, says “the threshold ‘100 times’ should be substantially lowered.”

It would behoove Piketty to think about what the real problem is, instead of attacking symptoms of the problem.

The problem is not CEO pay. The problem is a Fed hell-bent on promoting inflation in a deflationary world. Combine that with financial repression tactics of central …read more

Source: Portland "Orecrats" Target Income Inequality: Pass Massive 25% Tax On Corps With "Excessive CEO Pay"

    

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