China built a $50 billion military stronghold in the South China Sea
Two Theories of Immaculate Disinflation, and Their Implications: Paul Krugman
China built a $50 billion military stronghold in the South China Sea
Two Theories of Immaculate Disinflation, and Their Implications: Paul Krugman
The Worst of Crypto Is Yet to Come: No matter who wins in November, the digital-asset market could be on the brink of a deregulation-fueled bonanza. - "Dennis Kelleher, the CEO of the nonprofit Better Markets, told me the real reason the crypto industry doesn’t want tokens to be classified as securities is that disclosure rules would expose them as financially dangerous. 'If you had to fully and truthfully disclose the risks associated with crypto, the people who would engage in crypto would be near none,' he said."
She said she had a miscarriage — then got arrested under an abortion law
Opinion So, what did you think of Harris’s October surprise? Across the country, the vice president’s field operation dwarfs Trump’s. - "Democrat Josh Stein will almost certainly win the governor’s race, and Democrats will likely take a couple more statewide races. But the congressional delegation 'will either be 71 percent Republican or 79 percent, in a state Kamala Harris may very well win,' Nickel said."
Companies ready price hikes to offset Trump’s global tariff plans: Executives say Americans, not foreign countries, will pay the tariffs. - "In fact, American importers pay all tariffs to the U.S. Customs and Border Protection agency at the time their products enter the country."
These women are all in for abortion rights — and for Donald Trump: Harris is making abortion part of her closing argument. But some voters say they aren’t worried about what a Trump presidency would mean for abortion. - "Republican and independent voters who plan to split their ticket on abortion — voting for an abortion referendum and for Trump — said they were willing to give Trump the benefit of the doubt on the issue, with some feeling reassured by his recent promises not to crack down further on abortion. Despite Trump’s decision to appoint the three conservative Supreme Court justices who helped revoke the constitutional right to abortion, a few voters said they believed Trump was secretly 'pro-choice.'" [ed. note: everyone is about to get everything they deserve]
Opinion There’s a better term for Trump than ‘fascist’: He’s a demagogue. - "Originally, demagogue (dēmagōgós, literally “leader of the people”), signified a political type in Greek democracy who rallied nonelite voters to the support of causes by appealing to class prejudices and resentments. Only after decades of observation did political philosophers begin to catalogue the extraordinary dangers posed by this type.
...
"Modern academics have refined the term. In his 1954 book 'American Demagogues,' historian Reinhard Luthin defined a demagogue as 'a politician skilled in oratory, flattery and invective; evasive in discussing vital issues; promising everything to everybody; appealing to the passions rather than the reason of the public; and arousing racial, religious, and class prejudices — a man whose lust for power without recourse to principle leads him to seek to become a master of the masses.'"
New housing construction slowed as campaigns focus on affordability: Fresh data from the Census Bureau underscores the difficulty in finding federal solutions to housing problems at the local level. - "Trump’s plan doesn’t tackle new construction. Instead, the focus is on freeing up existing homes that he claims are occupied by undocumented immigrants, whom he wants to deport by the millions. Economists have widely debunked this claim, saying other forces play a much bigger role in driving up prices and that undocumented immigrants are more likely to live in lower-income rental units than owner-occupied houses. They also note that new immigrants make up about a third of the construction workforce, which would be a crucial part of the push to build new homes and fix years-long shortages."
'What Did It Achieve?': Documentary Examines Largest Immigration Raid In U.S. History [ed. note: from 2018, about 2008] - '"The demographic impact was huge. The town lost almost half of its population after the raid. It was also devastating economically. The plant that was the main economic motor of the town went bankrupt and later reopened under a foreign owner. Many workers didn't get paid for months and eventually lost their jobs. A lot of local businesses closed down. The whole county, not only the towns, suffered, immigrants and nonimmigrants alike.
"'I think this documentary can really shed light on the efficiency of these worksite enforcement operations when we think about are they really efficient? This raid in 2008 cost over $5 million that came out of taxpayer pockets, and what did it achieve? Those jobs did not go back to Americans. They went to Somali refugees.'"
Russian economy overheating, but still powering the war against Ukraine: Putin’s massive spending on the war is overheating the economy, but he has the resources to keep doing it. - "The failure of sanctions is closely watched by autocrats, he said.
"'The big message it sends to the Kremlin and to Beijing and any other autocratic potential troublemaker is that the West isn’t serious. The West is more interested in making money in the short term than in confronting autocrats. That’s the number one message, and that is deeply harmful,' he said."
DC Council Passes Bill That Would Bring Thousands Of New EV Stations To The City
Satellite images show major expansion at Russian site with secret bioweapons past: New construction at a military research site near Moscow reveals a specialized laboratory complex designed to research and handle deadly pathogens, experts say. - "State Department officials have ridiculed Russian allegations that the United States is working on biological weapons, alone or with partners. But U.S. officials and experts say Russian scientists may legitimately believe that the threat exists, and thus feel justified in creating and testing new weapons."
Opinion On political endorsement A note from the publisher: [ed. note: "We are returning to our roots, which is to not endorse candidates, except when we do, which is whenever we want, which is not now, because I, William Lewis, am a Rupert Murdoch crony and wide-spectrum dirtbag."]
The Washington Post says it will not endorse a candidate for president Publisher William Lewis explained the decision as a return to the newspaper’s roots. - "The decision not to publish was made by The Post’s owner — Amazon founder Jeff Bezos — according to the same sources." [ed. note: bracing gutlessness from a billionaire afraid of what a Trump win could do to his fortunes]
Does Ghost-Hunting Gear Work? We Tested Some in a Haunted Place to Find Out.
Opinion By electing Trump, America would break its closest allies’ hearts: Anxiety levels in Europe over the U.S. election are very high. - "Jørn Brøndal, chair of USD’s Center for American Studies, offered a view that turns 'America First' rhetoric on its head. 'I always saw Trump as an import from Europe,' Brøndal said. 'He’s outside the American mainstream and comes from a right-wing populist tradition in Europe that shows some of the same tendencies.' Brøndal said this before Trump, in the style of 1930s autocrats, spoke of immigrants bringing 'a lot of bad genes in our country right now.'"
Opinion Why Harris’s pitch to Muslim and Arab American voters is failing: Caught in the bind of the Gaza war, the VP failed to cement herself as the choice for this bloc. - "There’s a tendency in liberal circles to accuse these voters of betraying their own interests by supporting Trump or voting third-party. But Muslim and Arab voters aren’t abandoning Harris because they don’t understand what’s at stake. They’re abandoning her because they do." [lol let's see how that goes]
Fox News edited Trump’s rambling answers and false claims in barbershop interview, full video shows
Trump says gas should be $1.87 a gallon. Here’s what that would mean.: Experts say that the former president’s campaign promise of cheap gasoline could have severe economic consequences. - "Companies generally can’t break even on oil production when the price of a barrel falls below $45, according to Ed Hirs, an energy economist at the University of Houston. If crude prices plummeted to $20 a barrel, Hirs said, top U.S. oil producers would probably pull back on major investments.
"In this scenario, spending on drilling could screech to a halt. Refineries could shutter. The impacts could be especially acute in energy-rich states such as New Mexico, Colorado and others, where taxes on oil and gas production help fund schools and local governments."