Friday, May 29, 2015
The official added that the artillery pieces are no longer visible -- having either been removed or concealed -- following a U.S. Navy P8-A Poseidon surveillance mission over the area. CNN was on board the flight, which took place last week. '
Wednesday, May 27, 2015
The rule, issued jointly by the Environmental Protection Agency and the U.S. Army Corps of Engineers, is estimated to put about 3% more waterways throughout the U.S. under new federal jurisdiction. That will require a new federal permit to pollute those waters and could restrict access altogether….
"The rule is being shoved down the throats of hardworking people with no input, and places landowners, small businesses, farmers, and manufacturers on the road to a regulatory and economic hell," House Speaker John Boehner (R., Ohio) said in a statement Wednesday. '
Tuesday, May 26, 2015
From: John Coffey
And in the three cases where I could see supporting data about premium revenue and losses, those losses appear to be large. Moda of Oregon says that its claims were 139 percent of revenue, making for a margin of -61 percent. If I am reading their somewhat confusing table right, Health Service Corporation of New Mexico says it lost $23 million on revenue of $121 million. CareFirst of Maryland says that claims were 120 percent of revenue, which if we add in some money to pay for overhead, amounts to ... less than or equal to what they're asking from regulators. I can't find claims experience data for Tennessee, but that state told the Wall Street Journal that it lost $141 million on exchange plans last year.
Now, this is not the whole story. These are only the biggest insurers in some states…'
This doesn't just mean that they have some quirky and unpleasant views. It means that they don't understand how politics work, why economies behave as they do, or how power is constructed in the modern world. As I wrote in an earlier post on this subject, "Jew haters don't understand how the world works; anti-Semitism is both a cause and a consequence of a basic failure to comprehend the way pluralistic and liberal societies behave. As a result, nations and political establishments warped by this hatred tend to make one dumb decision after another — starting at shadows, warding off imaginary dangers, misunderstanding the nature of the problems they face."
There are many forms of prejudice and bigotry, and they are all twisted and ugly, but Jew hatred may well be the most damaging to the hater's ability to understand the world. Jew hatred takes the form of a belief that conspiratorial groups of super-empowered Jews run the world in secret, cleverly manipulating the news media and the intelligentsia to hide the truth of their control. Someone who really believes this isn't just a heart-blighted ignorant boor; someone who believes this lives in a house of mirrors, incapable of understanding the way the world actually works.'
In the new policy document published on Tuesday, China outlined its plans to shift from a defensive military posture to placing emphasis on offensive capabilities…
In an editorial in The Global Times, a tabloid owned by the Chinese Communist Party through another newspaper, the paper described the construction of runways, harbour facilities and buildings on the disputed Spratly Islands as the nation's "most important bottom line".
The article – which appeared just days after a US aircraft ignored repeated warnings from the Chinese military to fly a reconnaissance mission over the islands – said Beijing does not want a conflict with the US, "but if it were to come, we have to accept it."
"If the United States' bottom line is that China has to halt its activities, then a US-China war is inevitable in the South China Sea", said the paper, which is often seen as a mouthpiece of the government in Beijing.'
Optimists take the view that, like a skilled pilot, Fed chairwoman Janet Yellen will be able to bring the size of the balance sheet down smoothly and steadily without hitting too much turbulence.
Pessimists, however, believe the pilot is flying blindly through dense clouds with a faulty radar and constant risk of storms, making the policy normalisation process particularly risky.
"For me the new thing to look out for is what they do to the portfolio," says Robert Michele, chief investment officer at JPMorgan Asset Management. "We know about moving the [interest rate] corridor. What we should be worried about is what they do with the balance sheet."
The Fed's strategy for reducing its bloated balance sheet has evolved over time, but in September policy makers said the Fed will cease or start phasing out reinvestments only after it first begins increasing short-term interest rates. The balance sheet would shrink in a "gradual and predictable manner", but the details were left unclear — as well as the timing, which will depend on how economic and financial conditions evolve.
One market concern is that allowing assets to roll off automatically as they mature could lead to a jagged path of balance-sheet reduction. BlackRock's Investment Institute pointed out in a recent report that a third of the Fed's entire Treasury portfolio, about $785bn, comes due by the end of 2018. Allowing the balance sheet to deflate that quickly could spook markets.'
Importantly, it speaks to the sheer volume of social media activity by pro-ISIS users, and the challenge that poses for analysts and investigators.
"The large number of social media postings by US-based ISIL supporters is challenging for investigators in differentiating those supporters focused only on promoting pro-ISIL rhetoric, which may be protected speech, vice [versus] detecting those prepared to engage in violence on the group's behalf," the bulletin said.
The bulletin warned the "reach and popularity" of social media platforms has made it easier for U.S.-based extremists to "identify and connect" with foreign terrorist organizations, which can "potentially direct" them. It said the FBI estimates there are "hundreds, possibly thousands" of people in the U.S. getting "recruitment overtures or directives to attack the United States," and ISIS is using social media in "unprecedented ways" to send messages advocating attacks in the U.S. '
Thursday, May 21, 2015
During a Rose Garden press conference with visiting Japanese Prime Minister Shinzo Abe, Obama repeated a promise to defend the Senkaku Islands, a statement that is likely to anger China, which claims the uninhabited islands as its own, calling them the Diaoyu Islands.
"I want to reiterate that our treaty commitment to Japan's security is absolute, and that Article 5 covers all territories under Japan's administration, including Senkaku Islands," Obama said in a carefully crafted statement…
The day after the Sept. 11, 2012, attacks on American outposts in Benghazi that killed Mr. Stevens and three other Americans, Mr. Blumenthal sent Mrs. Clinton a memo with his intelligence about what had occurred. The memo said the attacks were by "demonstrators" who "were inspired by what many devout Libyan viewed as a sacrilegious internet video on the prophet Mohammed originating in America." Mrs. Clinton forwarded the memo to Mr. Sullivan, saying "More info." (Pages 193-195)
The next day, Mr. Blumenthal sent Mrs. Clinton a more thorough account of what had occurred. Citing "sensitive sources" in Libya, the memo provided extensive detail about the episode, saying that the siege had been set off by members of Ansar al-Shariah, the Libyan terrorist group. Those militants had ties to Al Qaeda, had planned the attacks for a month and had used a nearby protest as cover for the siege, the memo said. "We should get this around asap" Mrs. Clinton said in an email to Mr. Sullivan. "Will do," he responded. That information contradicted the Obama administration's narrative at the time about what had spawned the attacks.'
Wednesday, May 20, 2015
The announcement might set back international efforts to reach an agreement that would assure the world that Iran is not developing nuclear weapons. Any such agreement would rely on international inspections of Iran's nuclear facilities.'
The Islamic State claimed responsibility for the March attack on the Bardo Museum in the capital Tunis which killed British mother Sally Adey.
Abdel Majid Touil, 22, was arrested at the house where he lives with his mother and brothers in Gaggiano, near Milan last night.
The accusations listed in the Tunisian arrest warrant include premeditated murder, conspiracy to commit attacks against the internal security of the state, belonging to a terrorist group and recruiting and training others to commit terrorist attacks, police said.'
'The news fueled criticism of Italy's migrant rescue operations by anti-immigrant politicians, who have warned that Islamic extremists could slip into Italy among the thousands of would-be refugees fleeing Libya aboard smugglers' boats.'
The unsettling development is China's decision to equip its most powerful missile — the DF-5 for Dong Feng or East Wind, which can reach the United States — with multiple warheads instead of just one. The information was reported publicly for the first time earlier this month in the annual Pentagon report on China's military and security programs.
Tuesday, May 19, 2015
At a Georgetown University conference last week, President Obama appeared on a panel billed as a "conversation" on poverty. It proved illuminating, though not in the way its sponsors intended.
Begin with the panel itself. A solitary conservative, the American Enterprise Institute's Arthur Brooks, was pitted against two liberals, President Obama and Harvard social scientist Robert Putnam. The panel was moderated by the Washington Post's E.J. Dionne.
To put it another way, what we had here was a "conversation" stacked in favor of liberals, moderated by a liberal, and taking place before a liberal crowd at a liberal university…
Nor were these the only ones called out. While paying lip service to the notion that those who disagree with him might in fact have hearts, Mr. Obama—rather than engage with Mr. Brooks—used the occasion to review his enemies list. It included the Republican Congress (their budgets prove they don't care), hedge-fund managers (they take money that belongs to kindergarten teachers), the churches (they're not committed to helping the poor because they worry too much about abortion and marriage), Fox News (it vilifies the poor) and, for good measure, parents who send their children to private schools (they are withdrawing from the "commons").
The unifying progressive contention here is the assertion that America isn't "investing" enough in the poor—by which is meant the government isn't spending enough. Though President Obama did acknowledge the importance of family by defending his past criticisms of absent fathers, he went on to declare it will be next to impossible to find "common ground" on poverty until his critics accept his spending argument. '
More specifically they seem to think that the distribution of wealth is too far out of balance, hence the need for government coercion.
On May 19, 2015, at 10:13 AM, <larry.r.trout wrote:
Elizabeth Warren is ready to fight … against everything Reagan believed in. Watch the video
'She faulted President Ronald Reagan, a former California governor who lived in Los Angeles, for what she said was a three-decade assault on the middle class.
"They attacked wages. They attacked pensions. They attacked health care. They attacked unions," Warren said. Republican policies "attacked all the pieces that had built Americas great middle class."'
Tuesday, May 12, 2015
Brigadier General Hossein Salami, the deputy commander of the Revolutionary Guard Corps, said in an interview on state-run television that a battle with the US would only serve to highlight Iran's strengths.
"We welcome war with the US as we do believe that it will be the scene for our success to display the real potentials of our power," he said, according to a report by the semi-official Fars news agency. "We have prepared ourselves for the most dangerous scenarios and this is no big deal."