Financialization is what happens when the people-in-charge “create” colossal sums of “money” out of nothing — by issuing loans, a.k.a. debt — and then cream off stupendous profits from the asset bubbles, interest rate arbitrages, and other opportunities for swindling that the artificial wealth presents.
He breached out of the horse latitudes in the Great Sea of Politics last spring and destroyed all the lesser whales with his mighty flukes, but now the Democratic Pequod, with its diverse and inclusive crew has vowed to chase him
Have you all lost your mind?” Vladimir Putin replied to one of Megyn Kelly’s thrusts about alleged Russian perfidy toward the US in the gala interview that debuted her new Sunday Night star-chamber on CNN. Old Vlad put his finger on…
This is one of the things I find funny about the radical Left protests on campus…. You want to have it both ways. Y
Entropy never sleeps. It works remorselessly to transform things of value into useless, dissipated waste and heat. Complexity stokes it especially as the law of diminishing returns multiplies the wheels of futility spinning down to zero.
In case you wonder how our politics fell into such a slough of despond, the answer is pretty simple. Neither main political party, or their trains of experts, specialists, and mouthpieces, can construct a coherent story about what is happening in this country
What you’re seeing in the political miasma of “RussiaGate” is an exercise in nostalgia.
First mistake: Emmanuel Macron’s handlers played Beethoven’s “Ode to Joy” instead of the French national anthem at the winner’s election rally. Well, at least they didn’t play “Deutschland Über Alles.” The tensions in the Euroland situation remain:
If you seek to know why this country is in so much trouble, check out the lead reports about the health care reform bill in today’s New York Times, WashPo, and CNN. You will find there is no intelligible discussion
And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season.