Phi Beta Iota: Penguin is a new Contributing Editor who is still learning the system and also undecided about having a bio, even a relatively anonymous one.
In this time of economic strife, which nation stands to lose the most compared to its own expectations, projected path and historic experiences? The Richter Scale takes a closer look.
Get ready for more of the same failed “job creation” policies, enacted by an increasingly unified political eilte
by Jack Rasmus
The Bush tax cuts are now extended. What cost $3.4 trillion over the past decade, 80% of which accrued to the wealthiest households and U.S. corporations, will now cost another $802 billion over the next two years and a projected $4 trillion over the coming decade.
But the Bush tax cut extension just passed by a political elite increasingly united on economic policy—a ‘Repo-Demo’ Party dominated by corporate interests—is only the first of three phases in a new policy offensive designed to protect the incomes of the wealthy and corporate America for another decade, to be paid for directly by middle- and working-class America. Together, the three phases represent the emerging U.S. variant of a general austerity strategy, similar in objective but different in content to other austerity programs now emerging as well in the Eurozone, Japan and elsewhere.
Phase two: draconian spending cuts
Phase three: revising tax code to help the wealthy
Same wine in same bottles, with new label
The key question: Will any jobs be created?
Obama’s 2011 ‘Stimulus 2’ will thus prove no more effective than his 2009 ‘Stimulus 1.’ The past decade has produced repeated tax-cut heavy policies targeting the rich and corporations: Bush II and a Republican Congress 2001-06. Bush II and a Democratic Congress 2006-08. Obama and a Democratic Congress 2008-10. And now Obama and a de facto Republican Congress.
The recent Bush tax cut extensions show the corporate-dominated political elite of both parties are now closing ranks as the economic crisis continues with no resolution for all but the wealthy and corporations. The ‘Repo-Demo’ Party, newly aligned around the same old failed policies, has just begun to do its work. Get ready for more of the same.
Jack Rasmus is the author of Epic Recession: Prelude to Global Depression, published in May 2010 by Pluto Press, Palgrave-Macmillan.
Phi Beta Iota: In the 1990's Tim Hendrickson, at the time one of the best and the brightest at the National Ground Intelligence Center (NGIC) conceptualized GRAND VIEW, a program to look at each couintry in holistic terms to determine a) what direction their science & technology was going in; and b) what their economy could afford in the way of military spending. This was before NGIC was caught fabricating the threat to justify the purchase of weapons and mobility systems that were unaffordable and not needed. We wonder what GRAND VIEW would say about the USA's future, and we wonder if the restoration of integrity within US intelligence might not have an immediate positive effect on personnel, training, concepts & doctrine, and acquisition.
IMPORTANT MONETARY NEWS ALERT: MAJOR, HISTORIC PROGRESS BEING MADE
On Friday December 17th Congressman Dennis Kucinich (D,Ohio, 10th District) took a crucial and heroic step to resolve our growing financial crisis and achieve a just and sustainable money system for our nation by introducing the National Emergency Employment Defense Act of 2010, abbreviated NEED. The bill number is HR6550.
While the bill focuses on our unemployment crisis, the remedy proposed contains all the essential monetary measures being proposed by the American Monetary Institute in the American Monetary Act. These are what decades of research and centuries of experience have shown to be necessary to end the economic crisis in a just and sustainable way, and place the U.S. money system under our constitutional checks and balances. Yes it can be done!
We expect this bill will also be re-introduced next year in the 112th Congress. By putting it in now Congressman Kucinich accomplishes these important things:
* First, the seriousness of intent is underscored;
* Second, it gives our nation the opportunity to view, discuss and understand the necessary provisions, giving the chance to make improvements for re-introduction;
* Third it serves as a beacon to our beleaguered people, cutting through the error, vested interest and disinformation that has blocked monetary reform understanding and action in the past.
The American Monetary Institute has activated its blog to discuss and review any questions about this act. Just click on the blog link at our homepage.
To participate in this process, please sign up at the bottom of our home page at . Then, after reading the proposed legislation feel free to make comments or put questions on the blog, including thoughtful suggestions on how it might be improved.
The risk of nuclear terrorism is hyped by some as possible and high consequence (Allison 2006) while others dismiss the strategy as too difficult and too risky for terrorist organizations (Jenkins 2008). However, analysts have no data from which to directly analyze the probability of terrorist acquisition and use. One methodological solution is to extend the range analysis to include analogous cases: private military corporations (PMCs) are one class of non-state actors (NSAs) who may possess the capacity and autonomy to pose a risk of nuclear terrorism for their state masters. I find that the while the technical and military capabilities of PMCs may be greater than those of terrorist organizations with respect to nuclear weapon construction or delivery, they are still be insufficient (and PMCs must also somehow acquire fissile materials). Also, PMCs benefit from agency slack, as demonstrated by Blackwater’s performance in Iraq, but this autonomy does not appear sufficient to carry out an illicit nuclear plot. Therefore, PMCs may be more capable than most terrorist organizations if they sought to acquire nuclear weapons but they are still unlikely to succeed.
Keywords: Nuclear Weapons, Terrorism, Private Military Corporations, Blackwater, Xe
Working Paper Series
Brown, Robert L., Private Military Corporations: A Non-State Actor-Nuclear Terror Nexus? (August 16, 2010). Available at SSRN: http://ssrn.com/abstract=1659785
‘Net neutrality' sounds nice, but the Web is working fine now. The new rules will inhibit investment, deter innovation and create a billable-hours bonanza for lawyers.
Tomorrow morning the Federal Communications Commission (FCC) will mark the winter solstice by taking an unprecedented step to expand government's reach into the Internet by attempting to regulate its inner workings. In doing so, the agency will circumvent Congress and disregard a recent court ruling.
Phi Beta Iota: The public is now much more aware that neither of the two political parties can be trusted, and that trust for any given government element, policy, or point of view is contingent on a much deeper examination of bias and motive than many would wish. There are two sides to this issue, irrespective of the competency and good faith of government: on the one side are the corporations, including Google and Verizon, that wish to hijack cyber-space and claim that they own it. This will allow them to charge premium prices for access to high-speed services. On the other are those whose taxes paid for the creation of the Internet in the first place, the US taxpayer–they see the vital importance of open spectrum, open source software, and open source intelligence as the tri-fecta of cyber-freedom. At OSS '92 John Perry Barlow said that the Internet interprets censorship as an outage, and routes around it. Our view is that the corporations will succeed in hijacking cyberspace in the near term, but in the mid-term and beyond OpenBTS and other bottom-up public innovation solutions will restore the noosphere to its rightful owners, the human minds that comprise the World Brain.
An investment group with ties to the founder of the company formerly known as Blackwater announced Friday that it has bought the security firm, which was heavily criticized for its contractors' actions in Iraq.
USTC Holdings said in a statement that the acquisition of the company now called Xe Services includes its training facility in North Carolina.
Terms of the deal were not disclosed. But the statement said owner and founder Erik Prince will no longer have an equity stake and no longer be involved in Xe's management or operations. The company will be managed by a board appointed by the equity holders and will include independent, unaffiliated directors, the statement said.
The ownership group is led by two private equity firms, including New York-based Forte Capital Advisors. Forte managing partner Jason DeYonker has been a longtime financial adviser to Prince, helping him expand the Moyock, N.C., training grounds and negotiating Blackwater's first training contracts with the U.S. government.
“The future of this industry belongs to those companies with the highest standards of governance, transparency, and performance,” DeYonker said.
Phi Beta Iota: Winston Churchill is known for saying Americans always do the right thing, they just try everything else first. Similarly, Russell Ackoff is known for saying that we have to stop doing the wrong things righter, and instead do the right thing. Private Military Contractors (PMC) are the wrong thing! Multinational hybrid task forces are the right thing–cheaper, faster, better in all respects. All we need to bring is integrity and intelligence (decision-support). PMC's loot our own highly qualified human resources; cheat the taxpayer twice over (the government does it once first by hiring them in the first place); and are one step short of air dropping liquid feces over an entire area of responsibility (AOR). Not cool at all. Everyone means well, but this is about as dumb as it gets on all levels of thinking.
Few devices know more personal details about people than the smartphones in their pockets: phone numbers, current location, often the owner's real name—even a unique ID number that can never be changed or turned off.
These phones don't keep secrets. They are sharing this personal data widely and regularly, a Wall Street Journal investigation has found.
