Items tagged with: economy
Escalating U.S.-China trade war causing anxiety in America’s heartland
Blake Nicholson, BISMARCK, N.D.
The Associated Press, Published May 14, 2019, Updated May 15, 2019
When U.S. President Donald Trump began talking about tariffs in 2017, Upper Midwest soybean farmer Jamie Beyer suspected that her crop could become a weapon. Two years later, she and her family are watching the commodity markets on an hourly basis as an escalating trade war between the U.S. and China creates turmoil in rural America.
“It’s hard to concentrate on planting when you’re constantly checking your phone to see if another (Trump) tweet has prompted a dip in the market,” said Beyer, of Wheaton, Minnesota. Beyer’s family farms about 3,500 acres in Minnesota and South Dakota and she figures it has lost about $230,000 because of the trade war.
These are days of “a little bit of panic” among farmers, she said, and the anxiety is spreading to the agricultural lending industry. One economist said the farm sector might face its greatest downturn in three decades.
Soybean prices plunged early this week to a 10-year low after Trump’s decision late last week to impose punitive duties on $200-billion of imports from China and China’s retaliatory tariff hikes Monday on $60-billion of American goods. U.S. officials then listed $300-billion more of Chinese goods for possible tariff hikes, and China on Tuesday vowed to “fight to the finish.”
The trade war that began last summer has already hurt farmers, despite $11-billion in relief payments that were doled out last year by the federal government. The personal income of farmers declined by $11.8-billion through the first three months of 2019, according to the U.S. Commerce Department. A similar pace of decline is expected in the coming months, according to the Federal Reserve Bank of Kansas City.
“The domestic stress caused by the administration’s trade policy is nowhere more evident than in the agricultural sector,” said Joseph Brusuelas, chief economist at the consultant RSM. “Should the current policy pathway not be changed, the farm sector is going to experience the greatest downturn since the late 1980s, driven by widespread bankruptcies and consolidation.”
The price of U.S. soybeans, which have been targeted by Chinese tariffs since last year, fell Monday to a 10-year low on fears of a protracted trade war. The Associated Press
During the farm credit crisis of the 1980s, high interest rates and falling land prices led to widespread farm foreclosures. One positive difference now is that land and farm asset values have been holding their own, and “overall, farm balance sheets look pretty good,” said Kent Thiesse, senior vice-president and farm management analyst at MinnStar Bank in Lake Crystal, Minnesota.
But working capital is becoming a problem, as the trade war comes after recent poor crop years in some areas. Most farmers were able to get financing to plant a crop this spring, thanks in part to the federal relief payments, but “if there’s no government assistance this year we’re going to be looking at some serious losses by fall,” Thiesse said.
Trump said Monday that more aid is planned. U.S. Sen. John Hoeven, a North Dakota Republican who heads the Senate Agriculture Appropriations Committee, put the estimated amount at $15-billion.
That could be key to some farmers. In southern Minnesota, for example, soybeans for fall delivery are bringing a price of about $7.50 per bushel, about $2 lower than a year ago and about $1 lower than the break-even price.
“A lot of farmers say they’re not getting too excited to go out and plant soybeans because you’re probably guaranteeing yourself a loss when you put them in the ground,” Thiesse said.
The trade war is also affecting other crops, such as corn, as well as other industries, such as livestock and steel, from which farm equipment is made.
“Everything that I need to run my business or supply my business is going up,” said Randy Richards, who farms near Hope, North Dakota. “What I have to sell is going down.”
Bob Metz, a fifth-generation farmer from northeastern South Dakota, said he’s been talking to business owners in small towns and “they are suffering up and down Main Street. The farmers don’t have any extra cash to come to town and buy a TV or a couch or go out to dinner in the evening.”
The American Soybean Association said it supports Trump’s overall goals, but that it “cannot support continuing and escalating the use of tariffs to achieve them.”
“The soybean market in China took us more than 40 years to build, and as this confrontation continues, it will become increasingly difficult to recover,” said American Soybean Association President Davie Stevens, who farms soybeans in Kentucky. “With depressed prices and unsold stocks expected to double by the 2019 harvest, soybean farmers are not willing to be collateral damage in an endless tariff war.”
Soybean prices rose a bit on Tuesday, and Beyer, the Upper Midwest farmer, said “it’s a bit of a roller coaster.”
However, “Yesterday I was mad,” she said. “Farm families are doing their job. They’re getting the fields planted where they can, but it just seems like the policy-makers are behind the ball on all this stuff. Announcing the tariffs and not having a plan for American farmers is just not the right way to do things.”
#China #usa #TradeWar #politics #tariffs #economy #MidwesternStates #midwest #soybeans #farmer #bankruptcy #trade
AT&T promised 7,000 new jobs to get tax break—it cut 23,000 jobs instead | Ars Technica
AT&T has cut more than 23,000 jobs since receiving a big tax cut at the end of 2017, despite lobbying heavily for the tax cut by claiming that it would create thousands of jobs.https://arstechnica.com/tech-policy/2019/05/att-promised-7000-new-jobs-to-get-tax-break-it-cut-23000-jobs-instead/
AT&T in November 2017 pushed for the corporate tax cut by promising to invest an additional $1 billion in 2018, with CEO Randall Stephenson saying that "every billion dollars AT&T invests is 7,000 hard-hat jobs. These are not entry-level jobs. These are 7,000 jobs of people putting fiber in ground, hard-hat jobs that make $70,000 to $80,000 per year."
This map shows the most profitable industry in every US state.
for more: @statistics_maps
#map #maps #mapping #happy #fridaysforfuture #asia #america #europe #africa #usa #california #russia #india #brazil #geo #geography #demography #cartography #world #earth #people #urban #meme #peace #love #globe #religion #economy #politics #army
This is an unethical company that has never earned a profit, who exploits contingent workers and spies on its competitors and mobile app users. As such, they do not deserve prosperity. They have not earned it.
#deleteuber #uber #labour #humanrighs #business #economy
On the trade war between the US and China
“I expect that China will retaliate and they will do it in as commensurate a way as they can, and that will include not just imports,” said Susan Shirk, former deputy assistant secretary of state during the Clinton administration. “I think our farmers and our farm exports to China will be targeted because that’s what President Drumpf cares about politically,”
He said China’s shrinking current account balance, and the tariffs re-escalation “will create an opening for the (People’s Bank of China) to accept further market-driven depreciation ” of the yuan in the second half of this year.
#US #USA #News #Politics #China #PRChina #Jinping #Xi #XiJinping #Tariff #Tariffs #TariffWar #Economics #Economy #TradeWar #Nationalism #Patriotism #NoNationalism #NoPatriotism #Currency
HN Discussion: https://news.ycombinator.com/item?id=19893518
Posted by aaronbrethorst (karma: 51152)
Post stats: Points: 138 - Comments: 24 - 2019-05-12T18:19:56Z
#HackerNews #and #collection #data #digital #economy #privacy #rights #senate #testimony
HackerNewsBot debug: Calculated post rank: 100 - Loop: 39 - Rank min: 100 - Author rank: 81
187 countries sign plastic waste agreement - but the U.S. was not among them,
#environment #pollution #plastic #economy #politics #trump
Nearly every country in the world agreed to a treaty aimed at limiting plastic waste pollution, but the U.S. was not among them, as it has not ratified a treaty to which the provision was added.
The governments of 187 countries agreed to add plastic to the United Nations-supported Basel Convention, which regulates the transfer of certain materials between borders, CNN reported Saturday.
The U.S. did not participate in the talks regarding plastic because it is one of just two countries that has not ratified the treaty, according to the TV network. Even though the U.S. did not ratify the treaty its trades with countries that have approved the deal will be affected.
Tata Steel and Thyssen Krupp not going to merge, Thyssen has announced
Thyssenkrupp unveiled plans last September to create two divisions: Thyssenkrupp Industrials, spanning its elevators, car parts and plant engineering businesses, and Thyssenkrupp Materials, which included materials trading and shipbuilding.This story is a little bit behind the latest progress, since only German newspapers seem to have gained this information of the deal's failure.
Thyssenkrupp shares have fallen by 47 percent over the past 12 months, valuing the business at $7.8 billion. That makes it the smallest constituent of Germany's 30-share DAX index, even after a 7 percent bounce on Friday's news.
#Thyssenkrupp #India #Germany #Deutschland #News #Politics #TataSteel #Economy #Economics #Market
… and why it creates inequality.
Joe Bongiovanni explains how money is created as debt by private banks and how that system heavily favors principles and values that are in direct opposition to those who seek a more just and sustainable world.
We are all playing by monetary rules that were written by our opponents. It’s a game we are bound to lose unless we change the rules.
For more information on HR 2990 visit: http://www.monetary.org
Debt: The First 5000 Years by David Graeber
This video was recorded by Jason Bosch on Friday, September 20th, 2013 in Chicago, IL
The Lost Science of Money by Stephen Zarlenga
Stephen A. Zarlenga (1941 – 25 April 2017) was a researcher and author in the field of monetary theory, trader in stock and financial markets, and advocate of monetary reform.
Theories on money and banking:
Zarlenga argued that, in a world where “the nature of money is a fiat of the law, an invention or creation of mankind,” even in times of the gold standard, [note 1] the authority to “create money” should be the sole prerogative of a sovereign government.
He supported the distinctions made by 18th century author Henry George between wealth and money,[note 2] between money and credit, and between what George had called “privately-created credit, used in place of money and for private profit” and “government- or publicly- created money for the common good.”
Hence, Zarlenga’s support for the incorporation of the Federal Reserve System, which he considered to be a “private institution,”[note 3] into the U.S. Treasury, “where all new money would be created by government as money, not interest-bearing debt”, and “the nationalization of the monetary system,”[note 4] thus ending fractional banking. In an article published in the Barnes Review, to which he also reviewed publications, he blamed the hyperinflation in Weimar Germany on “the privately controlled Reichsbank that created “far too many German marks.”
He wrote numerous articles on the subject of monetary reform along these lines, and, in 2002, authored the book The Lost Science of Money, first published in German in 1999, as Der Mythos Vom Geld – Die Geschichte Der Macht (The Mythology Of Money – The Story Of Power), where he also criticized the European common-currency regime.
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #reform #debt #cash #loans #loan #bank #banking #inequality #nature #climate
Originally posted at: https://altcoopsys.org/2019/05/08/joe-bongiovanni-why-monetary-reform-should-be-our-number-one-priority/
At the end of 8-years of #energy driven #economic #growth, with high #anti-China #tariffs growing the #domestic #industrial #economy, the #political ground will have moved out from under the #globalist #elites in #DC and #NYC.~ comment from this article
You can’t make people who have enjoyed the first #good #economy of their life time go back to a “ #freetrade” and “ #openborders” policies that #impoverished them.
This is as much of Pres. #Trump’s political/ #economic / political #planning as promoting #working class #family formation.
The only thing they leave out is the rapidly failing family #farms of the #midwest. But failing or flowering, I doubt any gay/socialist/pedophile/racist/ #democrat candidate will be able to convince #midwest #farmers to #vote for their #failed #policies.
Like all #prudent folks, let's hope for a #renaissance , but plan for a #disaster.
Bolsonaro's government lost fight against SC and opposition to remove protection from rain forest
Taken together, this means that Bolsonaro’s signature action to start the rollback of indigenous territories and declare open season on Amazon deforestation – which needs both congressional and judicial approval to fly – looks to be crashing on takeoff. It’s also a glimmer of hope for indigenous and environmental protections in a country now led by a president openly hostile to Brazil’s indigenous peoples and Amazon rainforest – repositories of its vast social and biological diversity, and key to stabilizing the global climate.
On its first day in office, the Bolsonaro administration decided in executive action MP 870 to remove the authority to legally recognize and physically demarcate indigenous lands from the National Indian Foundation (FUNAI) and give it to the Ministry of Agriculture, Ranching and Supply (MAPA). MAPA is controlled by politicians affiliated with the anti-indigenous agriculture caucus of the congress bent on expanding their lands into the rainforests that belong to indigenous communities. Destroying these rainforests will have devastating effects not only for indigenous communities, but for the world’s climate.
#LatinAmerica #SouthAmerica #Brazil #Bolsonaro #RainForest #AmazonRegion #Amazon #IndigenousPeople #GlobalWarming #News #Politics #Environmentalism #Environment #Economy #Economics #Capitalism #Corporatism #CapitalismKills #CorporatismKills #Nationalism #Patriotism #Trump #DonaldTrump #NoNationalism #NoPatriotism
Trump experiences highest poll rating during his entire presidency
"In addition to the initial interpretation of the Mueller report, which Drumpf claimed vindicated him from charges that he had colluded with Russia, the economy has offered several reasons for Americans to look more favorably on Drumpf. These include a strong jobs report on April 5, news that U.S. gross domestic product increased by 3.2 percent in the first quarter and U.S. stocks reaching new highs."While reading this, remember that we are still talking of about 46 percent in a reliable poll, compared to pollsters like Rasmussen. 46 percent - this is hardly half of the American people, although we shouldn't interpret polls too much, they are not as representative as they would like to be. They only offer us a spy through the looking-glass.
Gallup noted, however, that its survey was conducted before controversy arose over Attorney General William Barr's characterization of special counsel Robert Mueller's report. It is unclear whether Barr's actions will negatively impact the president's approval rating once it is factored into future tracking poll results.Low down - once again...
#US #USA #News #Politics #Trump #DonaldTrump #Gallup #ApprovalRating #Economy
Yes, you did just read that heading correctly! We will be shipping a real Linux kernel with Windows that will make full system call #compatibility possible. This isn’t the first time Microsoft has shipped a Linux kernel, as we have already shipped one in 2018 when we announced #Azure Sphere . However, this will be the first time a Linux kernel is shipped with Windows, which is a true testament to how much Microsoft loves Linux!#software #os #win10 #economy #OpenSource #news
Marx already realized it – modern days capitalism is a highly unstable system.
bad if your life depends on the inflow of money – you are basically trusting your life to windows 95 – it could crash any moment – nobody knows when – but everybody knows it will…
…just praying will not do the job.
“Suicides resulted in 828,000 global deaths in 2015, an increase from 712,000 deaths in 1990. ” (src: en.wikipedia.org) (+16% in in 25 years, so you can say +0.6% increase every year?)
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system
Originally posted at: https://altcoopsys.org/2019/05/07/capitalism-is-like-windows-95-is-there-a-future-in-capitalism-with-its-massive-instability/
Poll shows around 80% of Canadians believed they were paying more for fuel and products due to the carbon tax, in a survey taken two weeks before the tax was implemented. 🙃
#cdnpoli #environment #economy
It’s old news but since 2015 and drowning refugees and raped and even murdered women – it is more present than ever before.
capitalism wants cheap workers – no matter where they are from – so they recruit whoever is willing to enslave him/her more than others.
To capitalism – it is not even important if a migrant integrates well into society or if they learn the language – all that matters if they can clean the floor at the lowest possible price.
Australia: Soon a Chinese colony?
In Australia – the first language spoken could be Chinese, then Hindu then English.
During my visit to Australia i wanted to order a Pizza next to a Tesco shopping center.
The women behind the counter only understood Chinese and was unable to order the pizza.
Seriously – how can you EMPLOY someone in AUSTRALIA that does not speak even basic English?
It just does not work!?
When will those fucking capitalist realize it?
I am furious and angry at those Porsche driving idiots.
The long history of cheap foreign workers that do not speak German in Germany:
Reckless capitalism enables a highly unsustainable race to the bottom creating conflicts between people living in Germany since generations – also in need of a job.
i have witnessed German cleaning companies compete with Turkish cleaning companies on a race to the bottom.
The pretend-to-be-cheaper wins.
If mankind is about money and money only it will become ugly – an ugly society, full of fraud, abuse, violence, conflict, terror and satanism and satanism only.
Real estate “investors” even welcomed the refugees crisis of 2015 because refugees will drive up demand for housing which drives up costs for housing, which is their profits.
in short: those sick bastards profit from pain and misery of other people while completely disregarding the consequences and misery they create – they should experience what they created – be raped and killed by a refugees and have their kidneys sold on the black market.
Even Mrs Merkel said “Multi Kulti has failed” meaning: unchecked open borders – unlimited free trade and out of control migration creates a lot of problems and even failed states.
It is a well established fact – that Turkish people have (mostly) less problems with tossing trash into the open.
This is similar to Arab people dropping their trash where they stand.
This massively conflicts with respect for nature and German culture of cleanliness.
In this case – sorry – the Turkish culture is lacking behind – not the culture of the ex-Nazis – soon again Nazis because exactly of this mess.
Following up to the mass-raping of German woman in front of the Railway station Köln, Mrs Wagenknecht (The Left) publicly said: “if you missuses your guest-right – you lose your guest-right” – which i 100% agree with – people that become criminal while seeking asylum should go to prison straight – have their DNA taken (so next time they try to enter – there is no entry with fake passports possible) and be moved back to their homelands as soon as possible.
For these works Mrs Wageknecht got a cake smashed into her face by pro-refugee activists.
worst case: rape and murder
“Ethnologist and head of the Research Centre of Global Islam at the Goethe University Frankfurt, Susanne Schröter, said that Z. lacked respect for German society, German women, and German police, and spoke of a culture clash, whilst not making a blanket accusation against refugees, Arab men or Muslims. In an interview with web.de, she said that there were no young women in Germany for migrants like him.
She suggested that Germany needed to develop a new approach for dealing with aggressive men shaped by patriarchal cultures. She said that the perpetrator had no respect for German society nor the police, and had viewed the girl as nothing but a sex object.”
Unfortunately this is also true for most immigrants with Muslim background – they regard German women fit for exploitation but not fit for marriage.
In Munich black refugees from Africa sit around in public parks like monkeys in a zoo without fences – making people feel insecure and uncomfortable.
Even the police patrols the parks only in large groups.
It’s just completely out of control.
Not civil war like out of control – but this still can happen.
While the Arabs once embracing science were ahead of Western culture – now the Arab culture lacks a 1000 years behind.
Obviously this will create clashes of modern values and the middle ages.
The root cause of the refugee crisis is – poverty in Africa – but also the US lead geopolitical wars / interventions for “democracy” in Afghanistan, Iraq, Syria, Libya and soon Iran? (i hope not)
Did i mention the Rockefellers are now exploiting Libyan oil? No? Well now you know.
“LONDON/TUNIS (Reuters) – French energy company Total (TOTF.PA) substantially raised its presence in Libya with the purchase of a 16.33% stake in Libya’s Waha concessions from U.S. Marathon Oil (a Rockefeller Company) (MRO.N) for $450 million on Friday.
Total has been in Libya for decades and holds a production share of 31,500 boe/d in 2017 from concessions in the offshore Al Jurf field and the onshore Sharara field. It also has a share in Mabruk field, which has been closed for several years because of poor security.” (src: Reuters)
This massive injustice sickens me.
Not the refugees are to blame – but the profit seeking bastards who let them in.
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #rockefeller #libya #refugees #refugee #migration #germany #rape #murder #profit #australia #china
Originally posted at: https://altcoopsys.org/2019/05/07/the-migration-catastrophe-clash-of-cultures/
new cold war 2.0 – but this time it has nothing to do with communism – but with two nations with high-tech weapons wanting to extend their sphere of influence and trade as many weapons as they can.
i only know the Sukhoi Su-57 from video games (deadly skies 2) where it was a very agile airplane.
“Washington has threatened to expel Ankara from the multinational program if Turkey deploys the Russian-made S-400 surface-to-air missile system on its soil.”
“if Turkey accepts the S-400, “no F-35s will ever reach Turkish soil,” four powerful U.S. senators have warned.” (src: defensenews.com)
Erdogan is pissed: first his last election results in the big cities was not that great – second after the failed coup against him – the guy to blame Fethullah Gulen lives in USA Pennsylvania and Erdogan wants to punish him – but the US protects Gulen.
“Turkey’s president has accused the West of “supporting terrorism” and said the coup in his country was organised by foreign powers.
Recep Tayyip Erdogan suggested Turkey would be unable to continue its strategic allegiance with the US if it continues to “harbour” the exiled cleric Fethullah Gulen, who is accused by the Turkish government of instigating the coup attempt.” (src: independent.co.uk)
The Gulen-movement is to say the least – obscure – running private schools more or less secretly all over Europe and the US – like a sect – why? Why the secrecy if you have nothing to hide?
“Owing to the outlawed status of the Gülen movement in Turkey, some observers refer to those the movement’s volunteers who are Turkish Muslims as effectively of a sub-sect of Sunni Islam;” (src: wikipedia.org)
It is speculative but – the Saudis are also Sunni (very conservative and strict way of Islam, you can compare it to strict Catholicism).
“The ultraconservative Wahhabi religious movement within Sunni Islam has been called “the predominant feature of Saudi culture”, with its global spread largely financed by the oil and gas trade.” (src: wikipedia.org)
It is suspected that the Saudis – the closest Islamic allies of the US – are one of the biggest sponsors of Islamic terrorism on this planet.
“ANKARA, Turkey — Russia is “ready to cooperate” with Turkey to sell its new-generation Su-57 fighter jet in case the Ankara government and Turkish companies are expelled from the U.S.-led F-35 program, according to a senior Russian defense official.
“These fifth-generation Russian fighter jets [Su-57] have outstanding qualities, and show promise for export,” said Sergei Chemezov, head of Russia’s state-owned Rostec Corporation.
Chemezov’s statement came in confirmation of an Apr. 19 Defense News story that said if U.S. officials were to expel Turkey from the multinational group that builds the F-35, Turkish defense officials likely would pursue Russian fighter jet technology.
“We cannot afford to leave the F-35 not substituted,” a senior Turkish military officer told Defense news.
He declined to comment on the replacement options, as this would require “technological, economical and political deliberations.”
But a defense procurement official said a “geostrategic assessment” would make Russian options emerge as the natural choice.
“Russian fighter technology would the first best choice if our American allies behaved in an un-allied way and questioned Turkey’s membership in the Joint Strike Fighter program,” the official said.
Washington has threatened to expel Ankara from the multinational program if Turkey deploys the Russian-made S-400 surface-to-air missile system on its soil.
If Turkey accepts the S-400, “no F-35s will ever reach Turkish soil.
And Turkish participation in the F-35 program, including manufacturing parts, repairing and servicing the fighters, will be terminated, taking Turkish companies out of the manufacturing and supply chain for the program,” wrote a group of bipartisan lawmakers from the Senate Armed Services Committee and Senate Foreign Relations Committee.”
About the Coup against Turkish President Erdogan:
“Turkey witnessed the bloodiest coup attempt in its political history on July 15, 2016, when a section of the Turkish military launched a coordinated operation in several major cities to topple the government and unseat President Recep Tayyip Erdogan.
Soldiers and tanks took to the streets and a number of explosions rang out in Ankara and Istanbul.
Turkish fighter jets dropped bombs on their own parliament, while the chairman of the Joint Chiefs of Staff, Hulusi Akar, was kidnapped by his own security detail.
As news of the coup attempt spread via social media, thousands of ordinary citizens, armed with nothing more than kitchen utensils, gathered in streets and squares around Anatolia to oppose the coup.
The crowds resisted tank fire and air bombardments and, with the help of loyalist soldiers and police forces, they defeated the coup attempt in a matter of hours. The government swiftly declared victory and scores of troops that had taken part in the coup surrendered on the Bosphorus Bridge in Istanbul.
Yet the overall price of victory was high: 241 people were killed and 2,194 others were injured.
The Turkish government blames the failed coup attempt on Fethullah Gulen, a Turkish preacher and businessman who has lived in self-imposed exile in the United States since 1999.
Gulen is the leader of a widespread and influential religious movement known as “Hizmet” (Service), which owns foundations, associations, media organisations and schools in Turkey and abroad.
Gulen was once a strong ally of Erdogan, and during the Justice and Development Party’s (AKP) struggle to end the military’s influence in Turkish politics in the late 2000s, his organisation had its golden years.
During this period, the AKP-Gulen alliance turned into direct staffing of public positions. Many people in the bureaucracy were removed without due process and replaced with Gulenists.
Yet the Gulen-AKP relationship was eroded by incidents such as the 2010 Mavi Marmara raid, and by National Intelligence Organisation (MIT) Undersecretary Hakan Fidan, a close Erdogan confidant, being called in for questioning by police officers close to the Gulen movement.
A corruption investigation in December 2013, which saw renowned businesspeople and senior bureaucrats close to the AKP arrested by Gulenist police officers, gave way to an all-out war between the government and the Hizmet movement.
Erdogan reacted furiously to the crackdown and claimed that those behind the investigations were trying to form a “state within a state”, in an apparent reference to the Hizmet movement.
From this point on, the AKP government was always open about its plans to eradicate Gulen and his followers from Turkish political life, as the MIT conducted several investigations into Gulen and his followers.
Today, Turkish officials say that the July coup attempt materialised because Gulenists were increasingly concerned that the government investigation into their illegal actions was coming to an end, and they would be arrested.
Gulen, on the other hand, denies any role in the coup and has even alleged that Erdogan orchestrated it himself “to build a dictatorship” – a claim the president, Turkish spy agencies and even the Turkish opposition have vehemently denied.
n the aftermath of the coup attempt, MIT officials admitted that they received the very first intelligence report about a possible attack on July 15, only hours before their own headquarters was under heavy artillery fire.
They also admitted that the undersecretary of the MIT tried to reach Erdogan to inform him about this initial report around 7pm local time, but failed to get him on the phone.
He said that he had learned about the extraordinary developments taking place in Ankara and Istanbul on the night of the coup attempt not from the MIT, but from his brother-in-law.
Intelligence officials said that in the months before the failed coup attempt, the country’s spy agency decoded millions of secret messages sent by suspected Gulenists, but found no mention of the plot.
Thousands of military officials, pilots, police officers, civil servants, academics and even teachers were sacked from their jobs for alleged links to the “terrorist” preacher and his movement.
Dozens of media outlets suspected of having links to the Hizmet movement were also shut down.
As of today, more than 100,000 people have been sacked or suspended and 50,000 arrested in an unprecedented crackdown. The government has deemed the crackdown necessary to “root out all coup supporters from the state apparatus”.
In another move, the ability of universities to elect their own rectors was also abolished. Erdogan will now directly appoint nominees.
Many people questioned how the Turkish government managed to determine the names of tens of thousands of people with alleged links to the Hizmet movement only days after the attempted coup.
Turkish officials say that they were able to act swiftly because intelligence agencies had been investigating Gulen and his followers for more than two years.
Gulenists have been using an encoded communication application called Bylock since 2014.
another encoded application for communication named Eagle.
The post-coup purge led to a rift in Turkey’s relations with the European Union, which accused Erdogan of using the coup attempt as an excuse to eliminate the opposition.
Turkey’s relations with the US also deteriorated as a result of this incident, as Washington refused to extradite Gulen.
to this day, US authorities insist that they do not have enough evidence to arrest Gulen or to start the formal process for his extradition.
In a statement to Al Jazeera last August, Yasin Aktay, the deputy chairman of the ruling AKP, said that Washington’s reluctance to return Gulen to Turkey, or to arrest him, was unacceptable.
“It is bizarre for us that they [the US] have not been convinced, considering the scope of evidence we presented to them,” Aktay said. ”
“The testimony of the suspects who were arrested red-handed and documents we gave them are clear. If you add the statements of Gulen regarding the goal of his organisational movement, we believe there is nothing to question. Strong American intelligence should be well aware of who he really is.” (src: aljazeera.com)
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #russia #turkey #weapons #trade #f-35 #su-57 #s-400 #coldwar #military #weapon #equipment
Originally posted at: https://altcoopsys.org/2019/05/06/from-the-new-cold-war-2-0-front-russia-vs-usa-high-tech-arms-trade-russia-pitches-su-57-should-us-not-deliver-f-35/
May 3, 2019 Joseph E. Stiglitz
“After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy.
NEW YORK – Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income statistics already knew: in most advanced countries, the market economy has been failing large swaths of society.
Nowhere is this truer than in the United States. Long regarded as a poster child for the promise of free-market individualism, America today has higher inequality and less upward social mobility than most other developed countries.
After rising for a century, average life expectancy in the US is now declining. And for those in the bottom 90% of the income distribution, real (inflation-adjusted) wages have stagnated: the income of a typical male worker today is around where it was 40 years ago.
Meanwhile, many European countries have sought to emulate America, and those that succeeded, particularly the UK, are now suffering similar political and social consequences…”
Unfortunately this article – they want money for it. so this is only an excerpt.
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #Stiglitz #trump #usa #America
Originally posted at: https://altcoopsys.org/2019/05/06/joseph-e-stiglitz-the-economy-we-need/
Thanks to Trump's tariff threat, Dow Jones slumps approx. 450 points
Dow Jones Industrial Average futures implied an opening decline of about 450 points as of Monday morning stateside. S&P 500 and Nasdaq-100 Index futures also pointed to declines for the two indexes at Monday’s open.Hooray! Thanks, President Trump. This is exactly what the economy needed: A bloodletting decline.
Two sources briefed on talks confirmed that news to CNBC. The Chinese may back out of negotiations this week after Drumpf’s escalated tariff threat, they said, abandoning a six-month truce after Beijing waffled on some previously discussed commitments.Works out for him, doesn't it?
The president’s announcement also appeared to contradict fresh suggestions from Treasury Secretary Steven Mnuchin and White House chief of staff Mick Mulvaney. Asked Tuesday about Mnuchin’s prior suggestion that the White House could announce an agreement with Beijing in the next two weeks, Mulvaney said, “I think that’s fair.”
#us #USA #Trump #DonaldTrump #News #Politics #DowJones #Nasdaq #Economy #Economics #China #PRChina #TariffWar #Trade #ForeignAffairs #ForeignPolicy #Jinping #XiJinping #Xi
HN Discussion: https://news.ycombinator.com/item?id=19833737
Posted by ranvir (karma: 633)
Post stats: Points: 123 - Comments: 86 - 2019-05-05T17:07:24Z
#HackerNews #access #distribution #economy #normal #the #vanishing #why
HackerNewsBot debug: Calculated post rank: 110 - Loop: 147 - Rank min: 100 - Author rank: 103
Demagogue = Populist
A demagogue /ˈdɛməɡɒɡ/ (from Greek δημαγωγός, a popular leader, a leader of a mob, from δῆμος, people, populace, the commons + ἀγωγός leading, leader) or rabble-rouser is a leader who gains popularity in a democracy by exploiting prejudice and ignorance among the common people, whipping up the passions of the crowd and shutting down reasoned deliberation. Demagogues overturn established norms of political conduct, or promise or threaten to do so.
Historian Reinhard Luthin defined demagogue thus: “What is a demagogue? He is 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. He has for centuries practiced his profession of ‘man of the people’. He is a product of a political tradition nearly as old as western civilization itself.”
Demagogues have appeared in democracies since ancient Athens. They exploit a fundamental weakness in democracy: because ultimate power is held by the people, it is possible for the people to give that power to someone who appeals to the lowest common denominator of a large segment of the population. Demagogues usually advocate immediate, forceful action to address a national crisis while accusing moderate and thoughtful opponents of weakness or disloyalty.
Socrates basically was killed by a democratic decision of 500 Athens.
… the silent way to revolutionize mankind (= aka the world) can be a growing awareness of what lifestyle changes are needed to be done in order to allow a sustainable future and secure the survival of mankind.
You do not have to kill anyone for this – a little boring – changing your own lifestyle – bit by bit – step by step.
growing vegetables yourself but also studying science and developing technology that allows humans to travel to distant planets and settle there – would be such thing.
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #trump #populism #democracy #demagoguery
Originally posted at: https://altcoopsys.org/2019/05/05/demagoguery-populism/
US department of inferior to decrease regulations on offshore drilling
The changes reduce the amount of live data that operators are required to provide onshore monitors and the amount of safety test reporting that they must provide to the Interior Ministry, the U.S. government department responsible for the management of public lands and natural resources.
“The Drumpf administration, in other words, wants to hand over responsibility for industry safety to the very entity the commission warned against entrusting with that responsibility,” said Bob Deans, a spokesman for the advocacy group the Natural Resources Defense Council, according to the Times.
#Environment #Environmentalism #DepartmentOfInferior #Economy #Economics #Capitalism #Corporatism #CorporatismKills #CapitalismKills #Trump #DonaldTrump #US #USA
Sure, low unemployment is nice. More jobs were gained last month, but what kinds of jobs? Minimum wage?
Is minimum wage enough? Not in this economy, and the push to $15/hr is not favored by the Trumpists.
Can a minimum wage earner afford rent or a mortgage? How about school?
How about medical insurance?
They talk about how good the economy is. Sure, for Corporations and Stockholders. How many wage earners have stocks/bonds, and 401k plans?
Is GDP growing apace with population growth?
Are exports increasing?
Why are they not talking about the budget deficit?
Who is going to pay for it?
#politics #progressives #trumpresign #gop #resist #impeach #economy #budget #unemployment
Remote Code Execution on most #Dell computers
I’ll be looking at a Remote Code Execution vulnerability I found in Dell #SupportAssist, #software meant to “proactively check the health of your system’s hardware and software” and which is “preinstalled on most of all new Dell devices”.#news #fail #economy #danger #warning #computer #hack #hacker #web