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"Jesus, Marx, & Darwin Would Be Banned From Today’s Universities" – Oxford Professor Slams ‘Safe-Space’ Politics

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By Tyler Durden

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The impact of US-style “safe space” politics, in which causing offense is held to be a grave sin, is also limiting freedom of speech abroad. As Oxford Professor of European Studies Timothy Garton Ash exclaimed, figures like Jesus, Charles Darwin and Karl Marx would all be banned from British universities today due to the rise of social justice warrior pressure groups and correspondingly populist counter-extremism legislation.

This is “a double-pronged attack on free speech,” Ash told an audience at the Hay literary festival on Monday.

As RT reports, as well as Marx, Darwin and Jesus, he warned that philosophers like Rousseau and Hegel would today be banned from campuses.

Referring to the UK government-led Prevent scheme, intended to keep extremism out of educational institutions, Garton Ash warned that:

“securocrats in the Home Office” are imposing bans which would “prevent even non-violent extremists speaking on campus.”

“Now non-violent extremists? That’s Karl Marx, Rousseau, Charles Darwin, Hegel, and most clearly Jesus Christ, who was definitely a non-violent extremist,” the academic said. The Home Office “wouldn’t want him preaching on campus,” he added.

But state intervention is only one side of the coin, Garton Ash said, arguing that the impact of US-style “safe space” politics, in which causing offense is held to be a grave sin, were also limiting freedom of speech.

He said there is a “certain push from below from our own students demanding so-called safe spaces” which involved “no platforming” people simply on the basis that particular students disagreed with them.

“It’s one group of students censoring another,” he said, warning this resulted in free speech being “salami sliced” away.

Garton Ash said the UK, “which in a way invented the modern version of free speech in the 17th century, is in my view much too feeble when it comes to standing up for free speech.”

As we explained previously,

The Only Safe Space Is Your Home

No matter where you go in life, someone will be there to offend you. Maybe it’s a joke you overheard on vacation, a spat at the office, or a difference of opinion with someone in line at the grocery store. Inevitably, someone will offend you and your values. If you cannot handle that without losing control of your emotions and reverting back to your “safe space” away from the harmful words of others, then you’re best to just stay put at home. Remember, though: if people in the outside world scare you, people on the internet will downright terrify you. It’s probably best to just accept these harsh realities of life and go out into the world prepared to confront them wherever they may be waiting.

…read more

Source: "Jesus, Marx, & Darwin Would Be Banned From Today’s Universities" – Oxford Professor Slams ‘Safe-Space’ Politics

    

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Alan Greenspan: "We’re Running To A State Of Disaster"

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By Tyler Durden

Back in March, the former Fed chairman said that we're in trouble because “productivity is dead in the water, and real capital investment is way below average because business people are very uncertain about the future.” Greenspan went on to add that entitlement programs are crowding out capital investment, and thus crowding out productivity.”

Alan Greenspan is back delivering more warnings about the state of the global economy, hammering home the same key points made back in March.

“We have a global problem of a shortage in productivity growth and it's not only the United States but it's pretty much around the world, and it's being caused by the fact that populations everywhere in the Western world are aging, and we're not committing enough of our resources to fund that. We should be running federal surpluses right now not deficits. This is something we could have anticipated twenty five years ago and in fact we did, but nobody's done anything about it. This is the crisis which has come upon us.”

Of course nobody has done anything about it Alan, your prior employer makes it so that precisely zero fiscal accountability needs to take place.

Entitlements are still a hot button issue with Greenspan (as they should be for everyone), saying that if we don't fix this issue we're headed for a disaster. Greenspan wants entitlements (and the America's inability to fund them in any way shape or form) to be the central issue of the presidential debate.

Entitlements are crowding out savings, and hence capital investment. Capital investment is the critical issue in productivity growth, and productivity growth in turn is the crucial issue in economic growth. We're running to a state of disaster unless we turn this around.

This should be the central issue of the presidential debate. Unless and until we can rein in entitlements, which have been rising at a nine percent annual rate in the United States and comparable levels throughout the world, we are going to find that productivity is going to maintain a very low rate of increase”

Greenspan also doesn't really view recession as the biggest problem right now, he is concerned (rightfully so) about the longer term problem of low economic growth and soaring entitlement growth.

“I don't think that's our problem. Our problem is not recession which is a short-term economic problem, I think youhave a very profound long-term problem of economic growth at the time when in the Western world there is a very large migration from being a worker to being a recipient of social benefits

* * *

As we said last time Greenspan spoke some truthiness for once, if only he hadn't gotten us into this mess in the first place.

Watch the latest video at video.foxbusiness.com

Brexit Bounce, Crude Crumble, & Dismal Data Slam Stocks, Bid Bonds & Bullion

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By Tyler Durden

Spending rose (thanks to higher costs for energy) and everything else was dismal… and then Brexit moved into the lead – Inconceivable…

Following the flash crash in China overnight…

From Friday's close, things went a little turbo with crude crumbling and gold and bonds bid…

Which left “Sell In May” working for Trannies.. but the late-day panic bid (sparked by USDJPY) saved the month for The Dow…

PMs were May's laggard (Silver was worse than gold), Crude oil the big winner…

* * *

On The Month:

  • USD Index Up 3% – best month since Nov 15
  • AUD Down 4.9% – Worst month sine Jul 15
  • WTI Up 4.8% – 3rd monthly gain in a row
  • Gold Down 5.9% – Worst month since Nov 15
  • Silver Down 10.4% – Worst month since Sept 14

30Y Treasuries were the only part of the complex lower in yield on the month as 2Y yield soared 15bps (before plunging today)…

The USD Index rose over 3% on the month led by AUD weakness offset by Cable strength…

Silver notably underperformed gold on the month but crude was the biggest winner…

* * *

Since Friday, Treasury yields tumbled as a slew of weak data this morning suggested the rebound is not there…

And stocks began to leak yesterday (futures) then accelerated lower today…before melting up to VWAP

As 17,773.64 was all that mattered today – Getting The Dow green for May… (note 17,740 is the 50-day moving average)

Since Friday, it was chaos as the rebalance meltup managed to get the S&P green for a second before the last minute dump…

Cable was the big loser today as Brexit polls showed a pickup in “leave” support…but the USD remains marginally higher on the week…

Gold drifted higher all day as silver dropped. Crude and Copper tumbled as Europe closed…

Crude algos seemed to run out of stops to churn above $50 and puked it all back…

Charts: Bloomberg

…read more

Source: Brexit Bounce, Crude Crumble, & Dismal Data Slam Stocks, Bid Bonds & Bullion

    

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It Is Being Reported That Turkish Military Forces Have Entered Syria

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By Michael Snyder

Turkey Syria Border - Google Maps

There are international news reports that claim that Turkish military forces have entered Syrian territory and have established positions near the towns of Azaz and Afrin.  If these international news reports are true, then Turkey has essentially declared war on the Assad regime.  Back in February, I warned that escalating tensions in the region could be the spark that sets off World War III, but things seemed to cool down a bit in March and April.  However, this latest move by Turkey threatens to take the war in Syria to a whole new level, and everyone will be watching to see how the Russians and the Iranians respond to this ground incursion.

So far, it is the Russian media that it taking the lead in reporting about this movement of Syrian forces.  For example, the Sputnik news agency was one of the first to report Turkish military activity around the town of Azaz…

Amid violent clashes between militants of Daesh and troops of the Free Syrian Army (FSA) in the town of Azaz in northern Aleppo district, reports are surfacing suggesting that the Turkish Army units have been seen located in the district of Azaz.

In addition, Sputnik claims that Turkish military forces entered a small village called Hamam near the town of Afrin on Saturday

“Two days ago, the Turkish military entered the village of Hamam in Afrin area. We are ready to repel any attack. Meanwhile, FSA units are suffering serious defeat in clashes with Daesh. They have already lost control of 12 villages. If Daesh comes to Azaz, ‘Democratic Syrian Forces’ will repel the jihadists, and not allow them to enter the city,” Arac stressed.

The map that I have posted below comes directly from Google Maps, and it shows how far south of the Turkish border the towns of Azaz and Afrin are…

In particular, the Azaz corridor is considered to be extremely important because that is the primary route that Turkey has been using to resupply jihadist rebels in Aleppo.  So Turkey wants to keep that road open at all costs.

Meanwhile, an Iranian news source is also reporting on this Turkish incursion into Syria…

Member of the Syrian Kurdish Democratic Union Party (PDS) Ahmet Arac said that the hundreds of the Turkish soldiers crossed the Syrian border at Bab al-Salameh border-crossing and deployed their forces in al-Shahba’a region near Marea and Azaz.

“The Turkish Armed Forces are preparing an offensive in the Azaz and Marea regions that have been the scenes of tough battles between the ISIL terrorists and its rival group of the Free Syrian Army,” Arac added.

“Also yesterday the Turkish Army carried out rocket attacks on the positions of Democratic Forces of Syria,” he went on to say.

So far, there has been no confirmation of this invasion from the mainstream media in the western world.  But of course since Turkey is our ally, the Obama administration would not want the media talking about this.  So instead, our big media outlets are giving us headlines such as “Judge sentences Catholic to attend Baptist church” today.

If you have been following my work for …read more

Source: It Is Being Reported That Turkish Military Forces Have Entered Syria

    

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Katie Couric regrets ‘misleading’ part of gun film

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Source: Katie Couric regrets ‘misleading’ part of gun film

    

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SodaStream brews up a do-it-yourself beer machine

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The do-it-yourself carbonated beverage company is now trying to tap into the emerging home brewing market. But can SodaStream successfully take on the likes of Anheuser-Busch InBev and Molson Coors? …read more

Source: SodaStream brews up a do-it-yourself beer machine

    

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Meet the 19-year-old who’s managing millions

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Teenage venture capitalist Patrick Finnegan has a message for corporate America: Look out for Gen Z. It’s about to change everything. …read more

Source: Meet the 19-year-old who’s managing millions

    

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Chevron is the Poster Child for an Overpriced Market (Video)

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By EconMatters

By EconMatters

When reviewing the financial metrics of CVX, this stock is overpriced relative to the fundamentals of the company. CVX should Conservatively Retest $88 before year end. With over $42 Billion in Debt, a $50 oil price, and a 4% dividend this company is mismanaging capital right now trying to prop up the stock in the short term versus prudent fiscal management for the long term. This stock is a short on any pops into year end. Even with $60 oil this stock is overpriced as costs in the oil services sector are only going to go up from here! There are a lot of overpriced stocks right now, but CVX is one of the most offensive in our opinion.

© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle

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Source: Chevron is the Poster Child for an Overpriced Market (Video)

    

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Facebook, Twitter to remove hate speech within 24 hours

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Facebook, Twitter, YouTube and Microsoft are teaming up with the European Union to crack down on online hate speech. …read more

Source: Facebook, Twitter to remove hate speech within 24 hours

    

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Apple Back Under $100 On News It Will Extend iPhone Lifecycle To 3 Years, Cites Slowing Demand

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By Tyler Durden

In what, if confirmed, would be a major move for Apple’s product development cycle, overnight Japan’s Nikkei reported that Apple is moving from its existing “innovation cycle” with a major iPhone refresh every two years to a three-year cycle. To wit:

Apple will likely take three years between full-model changes of its iPhone devices, a year longer than the current cycle. In a typical two-year term, fall 2016 was supposed to see a major upgrade. But the changes on the model to be launched this autumn will be minor, such as improved camera quality.

According to Nikkei the move is prompted by two factors, and is “largely due to smartphone functions having little room left for major enhancements. A slowing market is another factor.

In other words, Apple admits it may be nearing “peak technology” and more troubling, “peak demand.”

As it has done before, the Nikkei references the impact on the Japanese supply-chain. It also notes that the iPhone 7 “will look almost identical to the current iPhone 6 and offer relatively minor new features is consistent with other reports.”

The new version slated for this autumn will look almost identical to the current iPhone 6. Functions such as the camera, water resistance and battery capacity will likely be improved, and the headphone jack will be removed. Also, a high-end version of the model will give users better-quality photo capabilities via correction functions.

According to 9to5Mac, these include a KGI report last month stating that the design would be largely unchanged and that it would not have “many attractive selling points.”

As the Mac blog adds, “the claim will likely hurt AAPL stock, which has rebounded in recent weeks with help from a big investment from Warren Buffet’s Berkshire Hathaway.”

Bloomberg adds as much, noting that Dialog and AMS already fell on the report of an extended product cycle, and adds that in US trading, Apple and Apple suppliers may move on the report. AAPL was down 0.5% pre-market, Dialog Semiconductor down as much as 4.9% in European trading. Among the suppliers who may be impacted are Cirrus Logic, Qorvo, Skyworks, Broadcom, NXP Semiconductors, Knowles, Analog Devices

As for the new iPhone, 9to5 Mac adds that according to various claimed sketches, renders and photos seen, the iPhone 7 will be very similar in appearance to the iPhone 6 and 6s – right down to identical dimensions – followed by an all-glass phone for the iPhone 8.

Most troubling is the Nikkei suggestion that Apple is not expecting iPhone sales to return to growth until next year.

…read more

Source: Apple Back Under $100 On News It Will Extend iPhone Lifecycle To 3 Years, Cites Slowing Demand

    

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