NEW YORK — The revelation that the Dow Jones industrial average and the Standard and Poor’s stock index closed at historic highs this past Thursday afternoon reminded me of an early autumn afternoon a dozen years ago in a glorious San Francisco apartment high in the sky.
Despite California having a vigorous economy, 20% of Californians are suffering economic hardship, mostly due to the cost of housing. Moderate wage earners age 35 to 44 are leaving California due to rising crime, heavy traffic, a growing homeless epidemic and, especially high taxes. [These are the natural effects of collectivism. Only the wealthy and the impoverished will remain in the state. Eventually, everyone will be impoverished except the ruling elite.]
Killer cops, socialist construction and administration alerts + this day in history w/the Chelsea/Seaside bombings and our song of the day by Sick Of It All on your Morning Monarchy for September 17, 2018.
To say that poor people don’t have enough hope, tenacity and aspiration is to deny their agency as well as the size of the structural odds they face. (OD Op-ed) — In a recent article in the New York Times, the development economist Seema Jayachandran discusses three studies that used Randomised Controlled Trials (or RCTs) to understand the benefits of […]
Stealing Life with the Big Bad Retail King — One-third of All Buying Transactions
Good name in man and woman, dear my lord,
Is the immediate jewel of their souls.
Who steals my purse steals trash; ’tis something, nothing;
‘Twas mine, ’tis his, and has been slave to thousands;
But he that filches from me my good name
Robs me of that which not enriches him,
And makes me poor indeed.
— Iago, Shakespeare’s Othello
ATHENS – It is a tale of two realities. Later this week, Greek Prime Minister Alexis Tsipras will give his annual speech to the nation – Greece’s equivalent of the State of the Union address — at the 83rd Thessaloniki Trade Fair.
An aggressive sign of an affluent society can usually be gauged by its invidious misuse of its privilege. Poverty is deemed necessary, and the rich must try to understand it. To be privileged is to be guilty, a tickling of the conscience as the pennies pile up and the assets grow; and from that premise, efforts must be made to give shape to the forgotten, and, in most cases, the invisible.
The white race – and I mean Israeli, Iberian, Slovak, Anglo-Saxon, Caucasian, and the lot of us – is crazy. We do not need Susan Sontag to declare the white race as cancer on the world to ramify the point, since it’s been more than 50 years since she declared:
Liz Wheeler gives three reasons, complete with examples, why socialism does not work. She concludes that, under socialism, after the state takes all the money from the rich and the middle class, eventually it runs out of people to tax, and everyone becomes equally poor. [...]
Maduro is hoping that his new measures, including raising minimum wages by 3,000 per cent, will curb the economic downward spiral [PPIO]
Calm returned to the streets of the Brazilian border town of Pacaraima Monday after President Michel Temer ordered the military and security forces to the area.
On Saturday, Pacaraima residents clashed with Venezuelans who had streamed across the border, particularly through the border town of Santa Elena de Uairen.
