Paul Craig Roberts: Summary of USG Financial Fraud from Clinton to Obama

03 Economy, 11 Society, Commerce, Corruption, Government
Paul Craig Roberts
Paul Craig Roberts

The US Economy Has Not Recovered and Will Not Recover

CounterPunch, 19 February 2016

The US economy died when middle class jobs were offshored and when the financial system was deregulated.   . . .   The Federal Reserve’s zero interest rate policy was designed to support the balance sheets of the mega-banks and denied Americans interest income on their savings.  This policy decreased the incomes of retirees and forced the elderly to reduce their consumption and/or draw down their savings more rapidly, leaving no safety net for heirs.  Read more.

Stephen E. Arnold: Print – and Digital – Media Dead

IO Impotency
Stephen E. Arnold
Stephen E. Arnold

Print and Digital: Both Goners

I read in McPaper this article: “Wolff: Print’s Dead — but So Is Digital.” Okay, I learned from Dr. Francis Chivers (Duquesne University professor in the 1960s) that God is dead. I learned from Francis Fukuyama (assorted universities) that history is dead. Now I learn from McPaper that print and digital are dead. A two’fer! That is what makes McPaper so darned compelling.

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Graphic: Water Conflict Events

12 Water, Earth Intelligence, Peace Intelligence
Click on Image to Enlarge
Click on Image to Enlarge

Among the most disturbing trends in 2015 was the intentional and unintentional targeting of water infrastructure in several of the ongoing conflicts in the Middle East and the Ukraine, attacks on water pipelines and water supply systems in Syria and Iraq, and the use of major dams as weapons of war in Iraq. In other parts of the world, however, we also saw several instances of violence over access to water, from low-level fights among land owners to the deaths of thousands in Yemen in armed fights over wells and other water access points.

Source

See Also:

Water Conflict Chronology List

Tip of the Hat to Berto Jongman.

Stephen E. Arnold: Computational Demand — Moore’s Law Broken

IO Impotency
Stephen E. Arnold
Stephen E. Arnold

Computational Demand: Not So Fast

Analytics, Big Data, and smart software. The computer systems today can handle the load. The death of Moore’s Law; that is, the drive to make chips ever more capable is dead. I just learned this. See “Moore’s Law Really Is Dead This Time.” If that is the case, too bad for some computations. With the rise of mobile and the cloud, who worries about doing complex calculations? As it turns out, some researchers do. Navigate to “New Finding May Explain Heat Loss in Fusion Reactors.” Here’s the passage that underscores the need to innovate in computational systems:

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