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By Tyler Durden

Submitted by Soeren Kern via The Gatestone Institute,

The EU-Turkey migrant deal, designed to halt the flow of migrants from Turkey to Greece, is falling apart just two months after it was reached. European officials are now looking for a back-up plan.

The March 18 deal was negotiated in great haste by European leaders desperate to gain control over a migration crisis in which more than one million migrants from Africa, Asia and the Middle East poured into Europe in 2015.

European officials, who appear to have promised Turkey more than they can deliver, are increasingly divided over a crucial part of their end of the bargain: granting visa-free travel to Europe for Turkey's 78 million citizens by the end of June.

At the same time, Turkey is digging in its heels, refusing to implement a key part of its end of the deal: bringing its anti-terrorism laws into line with EU standards so that they cannot be used to detain journalists and academics critical of the government.

A central turning point in the EU-Turkey deal was the May 5 resignation of Turkish Prime Minister Ahmet Davutoglu, who lost a long-running power struggle with Turkish President Recep Tayyip Erdogan. Davutoglu was a key architect of the EU-Turkey deal and was also considered its guarantor.

On May 6, just one day after Davutoglu's resignation, Erdogan warned European leaders that Turkey would not be narrowing its definition of terrorism: “When Turkey is under attack from terrorist organizations and the powers that support them directly, or indirectly, the EU is telling us to change the law on terrorism,” Erdogan said in Istanbul. “They say 'I am going to abolish visas and this is the condition.' I am sorry, we are going our way and you go yours.”

Erdogan insists that Turkey's anti-terrorism laws are needed to fight Kurdish militants at home …read more

Source: EU-Turkey Migrant Deal Unravels Turning Greece Into Massive Refugee Camp

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…read more

Source: EgyptAir flight disappears from radar

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By Tim Knight from Slope of Hope

From the Slope of Hope: I was amused this evening to read about the implosion at Theranos, which is located right here in my beloved Palo Alto. Elizabeth Holmes has been the darling of the business press for years, what with her flowing blonde hair, big blue eyes, and slender neck peeking out of the Steve Jobsian black top. Like Holden Caulfield, I have no fondness for “phonies”, and she seemed like one to me.

The thing is, the phenomenon of attractive women leading high-tech companies is a relatively recent one. On the surface, we as a society will pat each other on the back about how progressive we are, now that we have unvarnished gender equality, even at the highest echelons of corporate power. But let me just spoil your little party and tell you something. The reason men gawk at photos like this……….

……..and this……….

isn’t because they are contemplating the strategic vision, administrative excellence, and vigorous business acumen of these long-legged, slender, blonde women. They’re thinking of other things.

And I think it stinks of hypocrisy that we as a society applaud ourselves for elevating these women so high, when I can assure you 50% of the society is doing so mostly to look up their skirts.

The more successful women in business don’t get fawned over to this degree, and in those circumstances, you can probably assume that the woman in question actually knows what the hell she is doing. Take Meg Whitman (please!), who looks like something you might buy in a live bait shop:

And, as long as we’re being gender-blind, let’s remember that the successful businessmen in our society are likewise not required to be handsome (or even generally resembling the species):

My point is this – – when you are presented with a woman at the top of the business world, and she just happens to be very attractive, you might want to take a harder look. And by “look”, I’m talking about with your head, not your eyes, because as experience has shown, that can be a fatal misdirection.

BONUS TIP: Using our same examples above, you can also use the “creepy voice” rule as an important marker. I present to you, once again, Marissa Mayer and Elizabeth Holmes. Enjoy.

…read more

Source: Suicide Blonde

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By Tyler Durden

Submitted by John Whitehead via The Rutherford Institute,

“The vitality of civil and political institutions in our society depends on free discussion… It is only through free debate and free exchange of ideas that government remains responsive to the will of the people and peaceful change is effected. The right to speak freely and to promote diversity of ideas and programs is therefore one of the chief distinctions that sets us apart from totalitarian regimes.”—Justice William O. Douglas, Terminiello v. City of Chicago (1949)

Shame on the U.S. Supreme Court for making a mockery of the First Amendment.

All the justices had to do was right a 60-year wrong that made it illegal to exercise one’s First Amendment rights on the Supreme Court plaza.

It shouldn’t have been a big deal.

After all, this is the Court that has historically championed a robust First Amendment, no matter how controversial or politically incorrect.

Over the course of its 227-year history, the Supreme Court has defended the free speech rights of Ku Klux Klan cross-burners, Communist Party organizers, military imposters, Westboro Baptist Church members shouting gay slurs at military funerals, a teenager who burned a cross on the lawn of an African-American family, swastika-wearing Nazis marching through the predominantly Jewish town of Skokie, abortion protesters and sidewalk counselors in front of abortion clinics, flag burners, an anti-war activist arrested for wearing a jacket bearing the words “F#@k the Draft,” high-school students wearing black armbands to school in protest of the Vietnam War, a film producer who created and sold videotapes of dogfights, a movie theater that showed a sexually explicit film, and the Boy Scouts of America to exclude gay members, among others.

Basically, the Supreme Court has historically had no problem with radical and reactionary speech, false speech, hateful speech, racist speech on front lawns, offensive speech at funerals, anti-Semitic speech in parades, anti-abortion/pro-life speech in front of abortion clinics, inflammatory speech in a Chicago auditorium, political speech in a private California shopping mall, or offensive speech in a state courthouse.

So when activist Harold Hodge appealed to the U.S. Supreme Court to defend his right to stand on their government plaza and silently protest the treatment of African-Americans and Hispanics by police, it should have been a no-brainer, unanimous ruling in favor of hearing his case.

Unfortunately, the Supreme Court is not quite as keen on the idea of a robust First Amendment as it used to be, especially when that right is being exercised on the Court’s own front porch.

Not only did the Court refuse to hear Hodge’s appeal, but in doing so, it also upheld the 60-year-old law banning expressive activity on the Supreme Court plaza. Mind you, this was the same ban that a federal district court judge described as “unreasonable, substantially overbroad…irreconcilable with the First Amendment,” “plainly unconstitutional on its face” and “repugnant” to the Constitution.

Incredibly, one day after District Court Judge Beryl L. Howell issued …read more

Source: Shame On The Supreme Court For Making A Mockery Of The First Amendment

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Headlines hit every week about “Empire’s” latest shocking twist. Just Google “Empire” and “shocker,” and you’ll find a bundle: “Pregnancy Shocker,” “Baby Daddy Shocker,” “Violent Shocker. Being consistently shocking, however, isn’t easy. …read more

Source: ‘Empire’ finale highlights limits of ‘shocking’ TV

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By Tyler Durden

The top cities are dominated by the tech community, with San Jose, CA and San Francisco, CA taking the top two spots in the overall ranking.

Here is the list of top 25 cities based on their overall ranking – Bloomberg points out that San Jose has risen from No. 7 to No. 1

As Bloomberg reports, Glassdoor Inc., a career website has published its list of the top 25 cities for jobs. Considerations that went into the ranking were salary, job satisfaction, and cost of living.

Breaking down the details, here is the list for the median salary component – again led by tech heavy cities such as San Jose and San Francisco.

Job satisfaction…

And cost of living… note how incredible the cost of living is in San Jose and San Francisco, surely indicative of the run up in tech companies over the past few years in Silicon Valley, as those high wages and overzealous cash infusions by venture capitalists led to higher cost of living.

Established tech communities such as San Jose, San Francisco, as well as up and coming tech cities such as Seattle, Boston, and Austin dominate the lists. “This demonstrates why so many people are looking to move to the San Francisco Bay area: Job satisfaction, work-life balance, and hiring opportunities are unparalleled compared to anywhere else in the country. It's not a surprise to see cities like Seattle and Austin at the top since they all have rising technology communities, great institutions for higher education and research, as well as affordable neighborhoods.” said Dr. Andrew Chamberlain, chief economist at Glassdoor.

While we're happy for all of these tech heavy cities making this list, we would caution those reading not to pack up and head to the West Coast just yet. While Silicon Valley has undoubtedly had a good run, the reality is that the second great tech bubble has popped, and impacts are only just beginning to be felt.

* * *

As a refresher for those who are curious, here is a quick timeline chronicling the bursting of the second tech bubble. We first pointed out back in January of 2014 when venture capitalists first started to grow overly speculative and began to pour large sums of money into tech start-ups that the second tech bubble had arrived – at that time there were more than 30 companies in the US, Europe, and China that were valued at $1 billion or more by the private markets.

Our analysis was confirmed a year later when investment bankers had to deliver the news to Dropbox that there was no way it could IPO at its $10 billion private valuation, let alone provide any upside to recent investors.

Then in January of this year we pointed out that as markets were crashing, more and more “unicorns” (companies with a private valuation in excess of $1 billion) were going to be forced to raise capital at lower …read more

Source: The Best US Cities For Jobs… For Now

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American Airlines plans to spend $4 million to hire contract workers to help reduce TSA security lines. …read more

Source: This airlines will spend millions to speed up TSA lines

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By Gold Money

The non-linearity of inflation psychology and the present danger of stagflation

Submitted by John Butler at GoldMoney Inc. The full report can be accessed here.

Introduction

Ever since the 2008-09 global financial crisis there has been a lively debate between those anticipating a prolonged deflation and those predicting a transition to inflation. In certain respects, both sides of the debate have been correct, if sometimes confusing monetary, credit and price inflation. Recent data indicate, however, that the terms of debate are now shifting decisively in favor of those expecting price inflation or, more precisely, stagflation. Not only is US core CPI trending higher; the dollar uptrend has given way to a downtrend, implying the end of low headline CPI. The result could be CPI above 4% by 2017. The psychological effect of 4%+ CPI, combined with timid action by the Federal Reserve on rates, could represent a ‘tipping-point’ in public inflation expectations. Once this occurs, there is a risk that economic behavior changes in unpredictable ways that can damage real potential economic growth. Investors should prepare accordingly.

The concept of a ‘tipping-point’ can apply to a wide range of phenomena.

One classic example is that of a crowded theatre slowly filling with smoke. At first, perhaps only one person notices the smoke and, comforted by the fact that others remain calm, remains seated, if slightly on edge. But then a handful of others also notice and become concerned. Finally, at some point, these folks stop watching the show and instead start watching each other. As the growing concern across the theatre becomes evident, someone finally makes for the exit, triggering a rush by others. Yet many of those rushing out might not have noticed any smoke. The critical point is reached not because more people notice the smoke; rather, more notice changes in others’ behavior and thus change their own.

The danger of inflation for economies and financial markets can also be understood in this way. As prices begin to creep higher, a few investors, businesses and households begin to notice. Rather than just going about their business as usual, they begin to watch the behavior of others more closely. Finally, a handful of economic agents suddenly change their behavior in a significant and highly visible way, triggering similar responses by others, who might not even have noticed that prices were rising.

What sorts of behavioral changes might those be? Perhaps investors begin to favor assets which protect against inflation. Perhaps businesses take out loans in order to finance stockpiles of inventories, in anticipation of higher prices. Perhaps consumers begin to do the same with durable household goods. By these very actions, investors, businesses and consumers all begin to reinforce a vicious inflationary circle, limiting the available market supply of broad ranges of goods and thereby driving up prices. Regardless, once the inflation tipping-point is reached, the rush to the exit–to protect against rising prices in some way–is damaging to economic efficiency, especially within the highly specialized global economy of today, implying …read more

Source: The Inflation Tipping-Point

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Donald Trump calls himself the ‘king of debt,’ but he likes stocks too. He invests heavily in hedge funds, Apple and bonds. …read more

Source: Donald Trump’s favorite stocks

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Facebook’s Mark Zuckerberg is set to court nearly a dozen conservative leaders following charges that the site was biased against conservative news stories.

…read more

Source: Mark Zuckerberg set to woo conservatives

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