Showing posts from June 30, 2016

Boris Johnson Pulls Out of British Prime Minister Race

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[Both of the Eton- and Oxford-educated rich ninnies who created this mess have now stepped aside to enjoy a happy retirement from politics. *RON*]

Inae Oh, Mother Jones, 30 June 2016

Boris Johnson, a leading proponent for Britain to withdraw from the European Union, announced on Thursday he would not seek to replace David Cameron as the next prime minister.

"Having consulted colleagues and in view of the circumstances in Parliament, I have concluded that person cannot be me," Johnson said at a press conference in London, where he was expected to announce he was officially running.

"My role will be to give every possible support to the next Conservative administration to make sure that we properly fulfill the mandate of the people that was delivered at the referendum, and to champion the agenda that I believe in, to stick up for the forgotten people of this country."

The former mayor of London was widely viewed as a favorite to wi…

CPP Expansion Would Be 'Devastating,' Business Groups Say. Economists Disagree.

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[More self-serving Henny-Penny-ism from Canadian Federation of Independent Business.
By Daniel Tencer, Huffington Post, 21 June 2016

Business groups are objecting loudly to the CPP expansion plans announced Monday, saying they say will cause job losses and reduce wages. But some of Canada’s most prominent economists are lauding the move, and say the bigger problem is the country’s retirement savings crisis.

The Canadian Federation of Independent Business (CFIB) called the proposed reforms announced Monday evening “a devastating move for Canadian workers and the economy in general.”

It cited internal polling indicating that 67 per cent of small businesses would feel pressure to freeze or reduce wages after a CPP expansion, and 35 per cent would be under pressure to lay off employees.

Calling a Crime “Inspired By” Terrorism Is a Useless Distinction

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[Comparing warped radical offshoots to mainstream religions or ideologies only alienates those in the mainstream, and doesn't stop the violence. And since, practically speaking, there is nothing you can do to stop an ideology from existing, it is also useless. *RON*]

By David A. Siegel, Political Violence at a Glance, 30 June 2016

Over at HuffPost Joe Young recently argued that it is important to distinguish between “directed by” and “inspired by” when doing our post-mortem after an attack like that on the Pulse Night Club in Orlando. I agree that the distinction is important, but would go further. Knowing that terrorism was directed by a group is important. Believing it to be inspired by a group is not. We’d be better off dispensing with the distinction of “inspired by” terrorism entirely.

In the aftermath of a horror like the Orlando mass shooting, we often turn to religious or political ideologies as explanation. For example, we wonder wh…

U.S. Criticizes Myanmar Over Human Trafficking

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[Sadly, the glow has come off famed Buddhist Nobel Peace Prize winner Aung San Suu Kyi since she succeeded in rising to political power in Myanmar. *RON*]

By Emmarie Huetteman, New York Times, 30 June 2016

WASHINGTON — The Obama administration on Thursday listed Myanmar as among the worst offenders in human trafficking, consigning a country President Obama only four years ago brought in from the diplomatic cold to the same ranking as Iran, North Korea and Syria.

The designation, contained in the State Department’s annual Trafficking in Persons Report, came just weeks after the Treasury Department lifted a broad array of sanctions on Myanmar, including those applying to state-run banks and businesses. Senior officials argued then that although the country’s human rights record was not perfect, its leaders deserved to be rewarded for their steps toward democratization, and relaxing the sanctions would serve as an incentive for the government to furt…

Canada Mortgage Rule Tightening Would Be Tragic, Says Mortgage Industry

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[Mortgage vendors form a Greek chorus and pull out their hair. The frightening thing, really, is that the Canadian economy is incapable of finding more than one thing at a time to drive itself by - oil or housing - so creating an endless string of bandwagons and bubbles. "Statistics Canada noted that housing accounted for about half of the country's economic growth in 2015." See also: 'This is a bubble. A very big bubble. And it is going to end in tears'.
By Jesse Ferreras, Huffington Post, 29 June 2016

Even George R.R. Martin couldn't dream up the calamity that would befall us if Canada tightened mortgage rules.

That about sums up the sentiment espoused by Will Dunning, chief economist of Mortgage Professionals Canada on Tuesday.

In a stunning news release, he said that tightening lending conditions would have "tragic" consequences for the Canadian economy. He went on to say there's "insufficient p…

'Unprecedented': Scientists Declare Global Climate Emergency After Jet Stream Crosses Equator

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[It's something that "would not happen in a normal world." *RON*]
By David EdwardsRaw Story / AlterNet
30 June 2016

Climate scientists this week expressed alarm after “unprecedented” data showed the Northern Hemisphere Jet Stream crossing the Equator.

In a column on Tuesday, environmental blogger Robert Scribbler noted that the Northern Hemisphere Jet Stream had merged with the Southern Hemisphere Jet Stream.

“It’s the very picture of weather weirding due to climate change. Something that would absolutely not happen in a normal world,” he wrote. “Something, that if it continues, basically threatens seasonal integrity.”