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Archive for the ‘Uncategorized’ Category

The Media Divides Us With Gorillas To Enable The Crimes Of The Government

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By Tyler Durden

Submitted by Claire Bernish via TheAntiMedia.org,

By now, we’ve all witnessed selective outrage in real time — a misdeed, tragedy, or other infuriating item blows up national headlines and almost immediately receives backlash in the vein of, ‘well, why isn’t anyone irate about ___ ?’ It’s as if society has developed not only an odd hypocritical corner on the market of concern, but a notable inability to impassion itself with more than one issue at once.

Dichotomized moral outrage receives an altogether greedy leg up from corporate media. After all, networks understand all too acutely how tragedy drives opportunity – and what better way to cash in on casualty than by capitalizing on ethical wedges people invariably manufacture?

Cleaving division, in fact, comprises the bulk of propaganda. Intense bickering and debate saturate social media, both obfuscating other potentially significant happenings and setting the foundation for further division in the future. If personally invested in passionate disagreement over one issue, people’s resentments linger — prejudicing friends, colleagues, and associates against one another when an equally divisive topic or incident takes place in the future.

Now that we’re about halfway through 2016, having seen this polarity replayed innumerable times, one conclusion can be surmised with a degree of certainty — people simply favor certain things over others. And the examples comprise a list both telling and distressing in scope.

1. Harambe, an endangered western lowland gorilla living in a confined space at the Cincinnati Zoo, died after staff decided extreme measures were necessary to save a hapless four-year-old boy — who inexplicably managed to escape his mother’s notice and slip into the animal’s habitat. When zoo director Thane Maynard faced the media to justify the shooting of Harambe, social media had already amplified the controversy to a feverish pitch.

Though Maynard’s confirming the shooting had been unavoidable served to fan a growing conflagration, Cincinnatians familiar with his normal enthusiasm saw a fierce struggle underlying the resolute public stance — particularly as primatologists, animal behaviorists, and a whole spate of experts threw their personal opinions into the mix.

To varying degrees, Maynard, the zoo, the child’s mother, the people filming instead of somehow preventing the child’s foray into the enclosure, and even protesters and those mourning the loss of Harambe all became targets of countless arguments and rants across social and news media.

Was the shooting really justified? Why wasn’t that mother watching her kid? How did an entire crowd of people not stop this four-year-old, even if the parents didn’t? Who cares about an animal when a human child’s life was at stake? Why wasn’t Harambe’s habitat better fortified against errant kids? Must zoos be a thing?

As soon as these questions hit keyboards, the inevitable expansion of the backlash also hit. Why should we care about one gorilla when so many endangered animals are poached in the wild? What about factory farming? Why all the attention on an animal when millions of innocent people perish in multiple wars? What about the …read more

Source: The Media Divides Us With Gorillas To Enable The Crimes Of The Government

    

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Brutal jobs report belies solid US economy

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for latest details.

…read more

Source: Brutal jobs report belies solid US economy

    

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U.S. Women’s Soccer team can’t strike, court says

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A court ruled in favor of U.S. Soccer in its lawsuit over whether the women’s national team can go on strike.

…read more

Source: U.S. Women’s Soccer team can’t strike, court says

    

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Vox suspends editor for backing riots at Trump rallies

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Vox has suspended editor Emmett Rensin for tweeting, “If Trump comes to your town, start a riot.” …read more

Source: Vox suspends editor for backing riots at Trump rallies

    

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Investors still greedy despite job market woes

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for latest details. …read more

Source: Investors still greedy despite job market woes

    

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The Only Constant Is Change

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By Capitalist Exploits

By Chris at www.CapitalistExploits.at

There are times when you just have to say no. It might be tough but it’s the best way. Right now, I’m saying NO to a huge portion of my life I’ve been dedicated to for the last few years. I decided to share some of my thoughts on this with you as it might inspire you to think deeply about what really matters in your life.

But a bit of a background first…

This blog began for me as an accident.

Having sold a real estate investment business I’d built from scratch, growing the initial capital 60x in the process, I’d “retired” to quietly managing my various interests. I wanted to focus solely on investing, trading, raising a small family, and traveling the world with them, looking for both adventure and unique investment opportunities.

I had never considered blogging and, if you’d asked me about it at the time, I’d have told you that blogging wasn’t a career. Far as I could tell it was a weird hobby practiced by camera toting backpackers on their first overseas travel experiences, by bad smelling, pale faced teenagers in their parents’ basements, or by people who spend far too much time worrying about their Facebook status. It simply wasn’t on my radar.

A hedge fund buddy told me I had it all wrong and suggested it was in fact a great way to expand one’s network, fully develop ideas, and grow a business. Having at the time no intentions of a business, the thought of developing ideas and expanding my network was however very appealing. And so, together with a partner I’d recently met and who knew about this “blogging” thing, we began the Capitalist Exploits blog.

What’s the worst that could happen, I asked myself?

I don’t like it? Simple. I stop.

I like it and it expands my thinking and networks? Win.

This seemed like just the type of deal I’ve spent my career hunting for and participating in. Favourable upside and limited downside.

A Product Is Born

Identifying the shift of global capital from public equity into private equity wasn’t difficult. It was a topic I discussed repeatedly on this blog. And so, just as a dog can’t help himself chasing a cat and wishing to get behind this trend, in late 2012 we formed a membership based virtual angel-investing group to explore and invest in exciting opportunities in the private equity space.

It was both a means of leveraging capital and monetizing the blog and it made sense. With my background as a professional investor, derivatives trader, entrepreneur, and recovering investment banker, and with my partner Mark’s background in marketing, web design, and investor relations, a synergistic and beneficial partnership for a membership based service dedicated to angel investing was born.

This allowed members to leverage personal capital being deployed into early stage ventures globally. Between late 2012 and the beginning of this year we invested over $30m into a few dozen promising early stage companies.

Fast forward to earlier this year and I’d started to realize …read more

Source: The Only Constant Is Change

    

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Where The Jobs Were (Not) In May, Or How Obamacare Saved The May Jobs Report

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By Tyler Durden

While we have already commented that the “awesomely bad” jobs report was just that, both qualitatively and quantitatively, one question is where the jobs weakness was most pronounced, i.e., which sectors saw the biggest drops in jobs in May. The answer: half of all job sectors posted a decline in May payrolls, a drop that was much broader than just the Verizon miss.

First, the sectors that posted growth were, the near-minimum wage education and health, which added 67,000 jobs in May, followed by Professional services adding 31K, government with 13K, and then another minimum wage boost coming from retail trade and leisure and hospitality, which added 11.4K and 11K respectively. Curiously, the BLS did not get the memo that Financial Activites are now laying off left and right and goalseeked the sector to a +8K jump.

On the downside the weakness was pervasive, and was focused on Information which lost 34K jobs, much of which was probably due to the Verizon strike, followed by that harbinger of labor demand, Temp Services which dropped by 21K, and then two very highly paid sectors in construction which lost 15K, and mining and logging which continues to bleed workers and lost 11K. Since reaching a
peak in September 2014, mining has lost 207,000 jobs, mostly due to the collapse in the US energy industry.

And here is the punchline: if it wasn’t for the 55,400 healthcare jobs added in May, the headline jobs addition of 32,000 would have been negative. Thanks Obamacare?

…read more

Source: Where The Jobs Were (Not) In May, Or How Obamacare Saved The May Jobs Report

    

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Jamie Dimon: ‘lift up’ Americans hurt by free trade

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JPMorgan boss Jamie Dimon defended free trade and capitalism more broadly from attacks this election season. He argued for helping those hurt by trade deals instead of “killing the golden goose.”

…read more

Source: Jamie Dimon: ‘lift up’ Americans hurt by free trade

    

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Deutsche Bank ATMs Block Cash Withdrawal Due To "Technical Glitch"

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By Tyler Durden

In what appears to be a widespread problem, Germany’s Spiegel reports that customers are unable to withdraw cash from Deutsche Bank ATMs due to a “technical glitch.”

Via Google Translate,

A German bank spokeswoman declined to comment on the problem first.

But the bank finally conceded a technical glitch in online banking.


The deposits and withdrawals were partially displayed twice or not ready, the bank said.

“None of these payments twice shown has taken place,” it says in the statement.

Apparently slipped some accounts due to the alleged double deduction into the red. “I could not pay by card. By double counting our account is in the red. Also withdraw money I could not, because our credit limit is not sufficient,” wrote a user on a Facebook.

With everything that is going on, one can only wonder if desperate times have led to desperate measures… or, of course, this could simply be a “technical glitch” which just happened to occur on a Friday evening – the busiest time for cash withdrawals.

…read more

Source: Deutsche Bank ATMs Block Cash Withdrawal Due To "Technical Glitch"

    

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The Structure Of Collapse: 2016-2019

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By Tyler Durden

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

Leaders face a no-win dilemma: any change of course will crash the system, but maintaining the current course will also crash the system.

The end-state of unsustainable systems is collapse. Though collapse may appear to be sudden and chaotic, we can discern key structures that guide the processes of collapse.

Though the subject is complex enough to justify an entire shelf of books, these six dynamics are sufficient to illuminate the inevitable collapse of the status quo.

1. Doing more of what has failed spectacularly. The leaders of the status quo inevitably keep doing more of what worked in the past, even when it no longer works. Indeed, the failure only increases the leadership’s push to new extremes of what has failed spectacularly. At some point, this single-minded pursuit of failed policies speeds the system’s collapse.

2. Emergency measures become permanent policies. The status quo’s leaders expect the system to right itself once emergency measures stabilize a crisis. But broken systems cannot right themselves, and so the leadership is forced to make temporary emergency measures (such as lowering interest rates to zero) permanent policy. This increases the fragility of the system, as any attempt to end the emergency measures triggers a system-threatening crisis.

3. Diminishing returns on status quo solutions. Back when the economic tree was loaded with low-hanging fruit, solutions such as lowering interest rates had a large multiplier effect. But as the tree is stripped of fruit, the returns on these solutions diminish to zero.

4. Declining social mobility. As the economic pie shrinks, the privileged maintain or increase their share, and the slice left to the disenfranchised shrinks. As the privileged take care of their own class, there are fewer slots open for talented outsiders. The status quo is slowly starved of talent and the ranks of those opposed to the status quo swell with those denied access to the top rungs of the social mobility ladder.

5. The social order loses cohesion and shared purpose as the social-economic classes pull apart. The top of the wealth/power pyramid no longer serves in the armed forces, and withdraws from contact with the lower classes. Lacking a unifying social purpose, each class pursues its self-interests to the detriment of the nation and society as a whole.

6. Strapped for cash as tax revenues decline, the state borrows more money and devalues its currency as a means of maintaining the illusion that it can fulfill all its promises. As the purchasing power of the currency declines, people lose faith in the state’s currency. Once faith is lost, the value of the currency declines rapidly and the state’s insolvency is revealed.

Each of these dynamics is easily visible in the global status quo.

As an example of doing more of what has failed spectacularly, consider how financialization inevitably inflates speculative bubbles, which eventually crash with devastating consequences. But since the status quo is dependent on financialization for its income, the only possible response is to increase debt and speculation—the causes of the bubble and …read more

Source: The Structure Of Collapse: 2016-2019

    

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