Juan Cole at Informed Comment has a post up by Will de Freitas Should we cover the Sahara Desert with Solar Panels to Fight Climate Disaster? A map of North Africa is shown, with a surprisingly small box somewhere in Libya or Algeria shaded in. An area of the Sahara this size, the caption will say, could power the entire world through solar energy. Over the years various different schemes have been proposed for making this idea a reality. Though a...
Read More »Michigan, Do Not Be Fooled – You Just Lost More Than You Got in Return
No Fault Auto Insurance I am active in Michigan politics and many do not like me. The state’s no fault insurance has been a cost burden on many people. There is a lack of transparency in how the fees for the Personal Injury Protection portion of No Fault insurance were calculated, how fees to doctors and hospitals are set, and how much is in the PIP fund. Over the last couple of weeks Republican Senate Leader Mike Shirkey and the Republican House Leader...
Read More »SOCIAL SECURITY, a little bad news (sorta) and a little good news (sorta)
by Dale Coberly The bad news is that we have slipped past the day when we could have saved Social Security from ever reporting “short term actuarial insolvency” by raising the payroll tax one tenth of one percent per year (about a dollar per week). This is only sorta bad because it doesn’t really matter . . . sorta. Social Security can still pay ALL promised benefits forever…by raising the payroll tax one tenth of one percent per year. The reason it...
Read More »Has Austerity Been Vindicated?
Harvard University Professor Alberto Alesina has returned to the debate on budget deficits, austerity, and growth. Back in 2010, Alesina told European finance ministers that “many even sharp reductions of budget deficits have been accompanied and immediately followed by sustained growth rather than recessions even in the very short run” (my italics). Now, with fellow economists Carlo Favero and Francesco Giavazzi, Alesina has written a new book entitled Austerity: When It Works and When It...
Read More »Paul Robinson — Book Review – John Helmer
If you are aware of John Helmer's blog Dancing with Bears, frequently linked to here, you may be interest in this. Otherwise, not so much.IrrussianalityBook Review – John HelmerPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa
Read More »Morehouse Keynote Speaker To Graduates, I am Paying Off Your Student Loan Debt
Morehouse College seniors got a surprise Sunday, Billionaire investor Robert F. Smith announced during his commencement speech he would pay off the student-loan debt for the historically black college’s graduating class. Morehouse President David A. Thomas; “The total amount of student loan debt from the 396 students adds up to about $40 million. He called Smith’s gesture “a liberation gift.” Smith: “‘When you have to service debt, the choices about what...
Read More »Swiss Propaganda Research — The Propaganda Multiplier: How Global News Agencies and Western Media Report on Geopolitics
It is one of the most important aspects of our media system, and yet hardly known to the public: most of the international news coverage in Western media is provided by only three global news agencies based in New York [AP], London [Reuters] and Paris [AFP].... Why you can't always (ever?) believe what you see and hear on "the news," which is actually an echo chamber.The obvious question is, echoing whose voices? The article attempts to answer this but the subject is purposefully oblique...
Read More »We Already Passed a Constitutional Crisis into Presidential Autocracy
I don’t think we have entered a constitutional crisis. I think for all intents and purposes we are already past it, because of the ineffectual response to Trump’s autocratic behavior. On February 15, he brazenly abrogated Congress’s appropriations power with this diversion of funds for his “border wall.” Presidential Proclamation on Declaring a National Emergency Concerning the Southern Border. On March 15, he vetoed Congress’s downvote of that...
Read More »Credit Card Interest Rates
Marquette Nat. Bank of Minneapolis v. First of Omaha Service Corp., 439 U.S. 299 (1978). In a unanimous U.S. Supreme Court decision, the court held states anti-usury laws regulating interest rates unenforceable against nationally chartered banks based in other states. Justice William Brennan: It was the intent of Congress when it passed the National Banking Act, nationally chartered banks would be subject only to federal regulation by the Comptroller of...
Read More »Iran: An Unfortunate Anniversary And Getting Worse
Iran: An Unfortunate Anniversary And Getting Worse It was a year ago today that President Trump removed the United States from the JCPOA nuclear agreement with Iran as well as Russia, China, UK, France, Germany, and the EU, under the auspices of the UN Security Council. According to IAEA inspectors, Iran was fulfilling its part of the agreement, and it has continued to do so up until now as well, despite this unwarranted action by the US, although that...
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