Wednesday September 02, 2015
February 19th, 2015
Sweden has fired another salvo in the escalating currency wars by joining Denmark, Switzerland and the European Central Bank in introducing negative interest rates. As this battle intensifies, some market soothsayers are starting to whisper about capital controls as a possible nuclear option for central banks determined to win the race to the bottom of foreign-exchange rates.
In hindsight, the tip-off that Brian Williams was making up that story about getting shot at over Iraq in 2003 was that he seemed to think it was something to brag about in the first place.
The world is awash in debt -- but a lot of it isn't real. The culprits are the big accounting firms that have been mass-marketing tax avoidance strategies to their clients. The result is that official statistics have become so skewed that it's almost impossible to draw intelligent conclusions from them.
Because I'm not running for anything, I can give it to you straight: Christianity pretty much got out of the genocide business when church and state became separated in the United States and Europe following the American Revolution. As a consequence, all of the truly impressive mass murders in living memory were carried out by secular ideologues worshipping the nation state -- a superstition to which millions of Americans are not entirely immune.
President Barack Obama committed the ultimate political blunder the other day. He blurted out the truth.
Speaking at the National Prayer Breakfast, he warned his Christian brethren against “getting up on our high horse” when condemning the violence of Muslim terrorists.
In North Carolina, three young Muslims who were active in charity work were murdered, allegedly by a man who identified as atheist and expressed hostility to Islam and other faiths. Police are exploring whether it was a hate crime, and it spurred a #MuslimLivesMatter campaign on Twitter.
Republican lawmakers have largely greeted President Barack Obama’s new spending plan as dead on arrival.
But at least one provision has a chance of becoming law: a plan to tax the profits that large U.S. corporations have parked in offshore tax shelters and use that money to rebuild the nation’s crumbling infrastructure.
By framing measles vaccinations as a matter of choice, Senator Rand Paul made himself — along with all politicians who value individual liberty more than the common good — look silly.
Bruce Jenner is sporting nail polish and a ponytail. If the Olympic gold medalist gets both a new identity a personal reality TV show, it may take a bite out of discrimination against trans people.