Vladimir Putin criticized the West for “sawing at branches” with sanctions against Russia and releasing a “genie in a bottle” with color revolutions. RT looks at the Russian President’s best quotes from his speech in Sochi – READ MORE http://on.rt.com/rs93vd
Daily Archives: October 25, 2014
The Crash Course – Chapter 19 – Energy Economics Chris Martenson
The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.
But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.
In short, on top of all the debt and other economic messes we’ve made for ourselves, constraints from the natural world will increasingly place limits on economic growth in a way we haven’t had to deal with over the past century.
This is why I’m so confident in the claim that the next 20 years will be completely unlike the past 20.
So understanding the dynamics at play here is key to forecasting what the future will be like. Since energy is the master resource, that’s where we’re going to start.
Keiser Report: Sinking British Ship E671 – YouTube
We discuss the increasingly bankrupt British government as a sinking ship on George Osborne’s river of denial. We also discuss the remedy for the ‘too many poor people’ for democracy problem being global trade deals like TTIP and TPP whereby elected leaders can claim ‘their hands are tied’ by contractual obligations. In the second half, Max interviews Helena Norberg-Hodge of LocalFutures.org about the Economics of Happiness in a time of rising inequality.
Read more at http://www.maxkeiser.com/2014/10/kr671-keiser-report-sinking-british-ship/#pMgYEcmC5SI44jZG.99
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the increasingly bankrupt British government as a sinking ship on George Osborne’s river of denial. They discuss the remedy for the ‘too many poor people’ for democracy problem being global trade deals like TTIP and TPP whereby elected leaders can claim ‘their hands are tied’ by contractual obligations. In the second half, Max interviews Helena Norberg-Hodge of LocalFutures.org about the Economics of Happiness in a time of rising inequality.
[KR671] Keiser Report: Sinking British Ship | Max Keiser
We discuss the increasingly bankrupt British government as a sinking ship on George Osborne’s river of denial. We also discuss the remedy for the ‘too many poor people’ for democracy problem being global trade deals like TTIP and TPP whereby elected leaders can claim ‘their hands are tied’ by contractual obligations. In the second half, Max interviews Helena Norberg-Hodge of LocalFutures.org about the Economics of Happiness in a time of rising inequality.
via [KR671] Keiser Report: Sinking British Ship | Max Keiser.
Overcrowded: The Messy Politics of CA’s Prison Crisis – ReasonTV
Watch the video for a deep dive into the politics of California’s prison overcrowding problem, featuring interviews with state prison officials, local sheriffs, and former inmates.
Downloadable versions: http://reason.com/reasontv
Subscribe: http://youtube.com/reasontv
“A prison that deprives prisoners of basic sustenance, including adequate medical care, is incompatible with the concept of human dignity and has no place in civilized society,” wrote Justice Anthony Kennedy for the majority in a Supreme Court ruling against Governor Jerry Brown and the state of California in the 2011 case Brown v. Plata.
The Supreme Court had just affirmed what lower courts had been telling California for decades: Your prisons are too crowded. It’s time to fix the problem.
Three years later, after several extensions asked for and granted, California’s government has managed to reduce the prison population, but not by enough to meet the 137.5 percent of occupational capacity target set by the courts. But they are close enough, at 140 percent, to give Gov. Brown the confidence to declare victory.
“The prison emergency is over in California,” Brown said at a press conference in 2013. “It is now time to return the control of our prison system to California.”
Brown’s strategy to combat overcrowding has been twofold: Send inmates to out-of-state and/or private prisons, and shift low-level offenders down to county jails, and. Predictably, this latter strategy, called “realignment,” has led to an increase in the county jail populations.
“Rather dramatically, overnight, [realignment] changed the makeup of our jails,” says Orange County assistant sheriff Steve Kea.
But Brown has been particularly resistant to one type of change: sentencing reform. While California’s voters amended the state’s Three Strikes law in 2012, without the governor’s endorsement, Brown has taken public stances against further reforms, such as SB 649, which would have given prosecutors the flexibility to prosecute nonviolent drug crimes as misdemeanors rather than felonies.
“California is, traditionally, seen as a liberal state,” says Lauren Galik, Director of Criminal Justice Reform at Reason Foundation. “But not when it comes to their sentencing laws and prison population.”
For years, the California Correctional Peace Officer’s Association (CCPOA), the prison guard union, has been one of the most powerful political forces in the state. They were a key player in the campaign to implement Three Strikes, and against the later failed campaign to repeal it. In 2010, they poured more than $2 million in independent expenditures for Jerry Brown’s gubernatorial campaign. Lynne Lyman, the state director of the California Drug Policy Alliance, says that the enormous lobbying power of the law enforcement unions has hampered serious reform in the state.
“It really doesn’t matter which party an elected official is with,” says Lyman. “The contributions that are coming in from the law enforcement associations and the private prison lobby… they’re tremendous.”
CIA & Panetta clash over ex-chief’s uncensored memoirs – RT
It appears a former CIA chief is at a stand-off with the agency.
That’s after Leon Panetta published a book about his work for the Obama administration without final approval from officials.
It highlights many controversial issues, including the agency’s global drone campaign.
Marc Abrahams: A science award that makes you laugh, then think – YouTube
As founder of the Ig Nobel awards, Marc Abrahams explores the world’s most improbable research. In this thought-provoking (and occasionally side-splitting) talk, he tells stories of truly weird science — and makes the case that silliness is critical to boosting public interest in science.
Adair Turner: The Consequences of Money-Manager Capitalism – INET Economics
In the wake of World War II, much of the western world, particularly the United States, adopted a new form of capitalism called “managerial welfare-state capitalism.”
The system by design constrained financial institutions with significant social welfare reforms and large oligopolistic corporations that financed investment primarily out of retained earnings. Private sector debt was small, but government debt left over from financing the War was large, providing safe assets for households, firms, and banks. The structure of this system was financially robust and unlikely to generate a deep recession. However, the constraints within the system didn’t hold.
The relative stability of the first few decades after WWII encouraged ever-greater risk-taking, and over time the financial system was transformed into our modern overly financialized economy. Today, the dominant financial players are “managed money”—lightly regulated “shadow banks” like pension funds, hedge funds, sovereign wealth funds, and university endowments—with huge pools of capital in search of the highest returns. In turn, innovations by financial engineers have encouraged the growth of private debt relative to income and the increased reliance on volatile short-term finance and massive uses of leverage.
What are the implications of this financialization on the modern global economy? According to Adair Lord Turner, a Senior Fellow at the Institute for New Economic Thinking and a former head of the United Kingdom’s Financial Services Authority, it means that finance has become central to the daily operations of the economic system. More precisely, the private nonfinancial sectors of the economy have become more dependent on the smooth functioning of the financial sector in order to maintain the liquidity and solvency of their balance sheets and to improve and maintain their economic welfare. For example, households have increased their use of debt to fund education, healthcare, housing, transportation, and leisure. And at the same time, they have become more dependent on interest, dividends, and capital gains as a means to maintain and improve their standard of living.
Another major consequence of financialized economies is that they typically generate repeated financial bubbles and major debt overhangs, the aftermath of which tends to exacerbate inequality and retard economic growth. Booms turn to busts, distressed sellers sell their assets to the beneficiaries of the previous bubble, and income inequality expands.
In the view of Lord Turner, we have yet to come up with a sufficiently robust policy response to deal with the consequences of our new “money manager capitalism.” The upshot likely will be years more of economic stagnation and deteriorating living standards for many people around the world.
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