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by Charles Hugh Smith from Of Two Minds In a Dysfunctional Status Quo, Reform Triggers Collapse You cannot “reform” away the dysfunction of the Status Quo without dismantling the vested interests and the ruling Elites that benefit from the Status Quo. The dream of every conventional reform movement is to rid the system of its dysfunctional features while preserving the Status Quo. But what the reformers don’t understand is that the Status Quo is dysfunctional [...] A University of Colorado analysis of state-by-state factors leading to the Electoral College selection of every U.S. president since 1980 forecasts that the 2012 winner will be Mitt Romney. The key is the economy, say political science professors Kenneth Bickers of CU-Boulder and Michael Berry of CU Denver. Their prediction model stresses economic data from the 50 states and the District of Columbia, including both state and national unemployment figures as [...] http://www.theage.com.au/business/economic-models-can-be-too-neat-for-reality-20120708-21pep.html MANY people don’t realise the economics we hear from politicians, business people, economists and the media morning, noon and night is just one way of analysing how the economy works. Almost everything we’re told about what causes what is inspired by the ”neoclassical” model. It’s long been the dominant way of explaining why things happen and predicting what will happen, but it’s not the only way. And it’s far from infallible. [...] by Michael Don’t you wish that someone had told you the truth before you went to college? Don’t you wish that someone had told you that college has become a giant money making scam that is designed to drain as much money out of students and parents as possible? Yes, college can be a profitable endeavor if you pick your field of study wisely, if you can get someone else to [...] BERLIN — They were christened the “children of Marx and Microsoft” by one German newspaper last year and dismissed by many political insiders as lunatics and illegal downloaders. Now, eight months later, the Pirates are represented in three German statehouses, are poised to enter a fourth Sunday and are polling nationally at 14 percent. The small, upstart party known as the Pirates has the political establishment sitting up and taking notice. Analysts attribute the [...] All young adults who think they’re getting a raw deal in today’s economy, let me tell you about how it was back in my day. In 1984, my final undergraduate year of university, tuition cost more or less $1,000. I earned that much in a summer without breaking a sweat. When I went looking for a new car in 1986, the average cost was roughly half of what it is now. It [...] Encyclopedia edited by team of 90,000 volunteers One of Wikipedia’s crew of volunteer editors has become the first to edit the online encyclopedia a million times – averaging 385 edits per day since he began in 2005. Justin Knapp, 30, of Indianapolis has edited pieces about politics, philosophy and pop culture. Knapp said: ‘Being suddenly and involuntarily unemployed will do that to you.’ Knapp’s millionth edit was [...] Alternative currencies within the US…..
NEW YORK (CNNMoney) — It may seem like Monopoly money to outsiders, but a growing number of communities across the U.S. are using homegrown local currencies to stimulate their economies and protect themselves from the nation’s broader economic woes. While there were only about 20 active community currencies in the United States in 2009, there has been a recent resurgence, with at least a dozen communities developing [...] MSNBC’s Contessa Brewer, you may remember just yesterday said the attack on Rupert Murdoch at a hearing encapsulated what the British were feeling. Today, Contessa “educated” a conservative Representative that if Congress does not raise the debt raising, the country would be “reverting into a depression.” Rep. Mo Brooks (R-AL) said he disagreed which prompted the MSNBC host to ask him if he had a degree in [...] by usnews.com In stunning proof that a single vote can doom a lawmaker’s career in Washington, a new review of the 2010 healthcare vote found that 13 Democrats lost their reelection last November because they backed President Obama’s health reform bill. What’s more, it put many other Democrats in jeopardy of losing their seats because it automatically cost them six to eight percentage points even before voting started. [See photos [...] |
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Charles Hugh Smith: The Argument Industry – Hyping Controversy And Avoiding Solutions
by Charles Hugh Smith from Of Two Minds
The Argument Industry – Hyping Controversy And Avoiding Solutions
The mainstream media has always loved controversy and wars, military and cultural alike. Now we have an “Argument Industry” that thrives on keeping problems insoluble.
That much of the “news” is artifice and propaganda is a given. How can a society make good decisions about its future when the “facts” such as the unemployment rate are massaged [...]