Wall Street kicked off trading in the wake of an East Coast snowstorm, but the results weren’t pretty.
U.S. stocks fell dramatically immediately following the opening bell Tuesday morning after a series of big U.S. companies issued dour earnings reports, and a drop in durable goods orders shook investors’ confidence in the economic outlook for 2015.
The Dow Jones Industrial Average plummeted at the open, and was lately down more than 350 points. One week after a market surge nearly wiped out all of market’s losses for the year, the blue-chip index is now more than 500 points below where it started 2015.
Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article pointed out that the US had entered a new economic era in which American workers face “direct global competition at almost every job level–from the machinist to the software engineer to the Wall Street analyst. Any worker whose job does not require daily face-to-face interaction is now in jeopardy of being replaced by a lower-paid equally skilled worker thousands of miles away. American jobs are being lost not to competition from foreign companies, but to multinational corporations that are cutting costs by shifting operations to low-wage countries.” Roberts and Schumer challenged the correctness of economists’ views that jobs off-shoring was merely the operation of mutually beneficial free trade, about which no concerns were warranted.
Israel has communicated a stern warning to Lebanese Shi’ite terror group Hezbollah against targeting any Israeli institutions abroad in retaliation for last week’s attack on a convoy of senior Iranian and Hezbollah military operatives on the Golan Heights, the Arab-language daily Al-Hayat is reporting on Monday.
The newspaper quoted Western diplomats as saying that officials in Jerusalem sought to convey the message through indirect channels. Israel does not have diplomatic relations with Lebanon.
The diplomats told Al-Hayat that “Israel would hold Hezbollah responsible for any attack against its institutions and nationals [abroad], including areas known to be frequented by Israelis in far-off places around the globe.”
Over the weekend, it was reported that Hezbollah promised senior government officials in Beirut that it will refrain from retaliating against Israel, which it blames for last week’s attack, from Lebanese soil.
The meeting of Nato foreign ministers in Brussels this week will be dominated by the crisis in Ukraine and the wider ramifications of the deteriorating relationship between Moscow and the West.
For the Atlantic Alliance, the onset of a new mini-Cold War is hardly a welcome development.
Nonetheless it offers both a challenge and an opportunity.
Can Nato move swiftly to counter the resurgent Russian threat?
Can it use the strains with Moscow to establish an appropriate level of defence spending that shares the military burden more fairly?
Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish. I will just present this information and let you decide for yourself what you want to think about it.
In my previous article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“, I discussed many of the economic cycle theories that all seem to agree that we are on the verge of a major economic downturn in this country. But there is an economic cycle that I did not mention in that article that a lot of people are talking about right now. And if this cycle holds up once again in 2015, it will be really bad news for the U.S. economy.
Looking back, the most recent financial crisis that we experienced was back in 2008. Lehman Brothers collapsed, the stock market crashed and we were plunged into the worst recession that More >
Frieden says it’s possible, although not very many people would be at risk. “It is certainly possible that someone who had contact with this individual … could develop Ebola in the coming weeks. But there is no doubt in my mind that we will stop it here,” Frieden said.
The man first felt sick Sept. 24 and went to the hospital in Dallas. But staff didn’t suspect Ebola then, so he went home. He came back by ambulance on Sept. 28. He’s now critically ill in isolation in the hospital’s intensive care unit.
Frieden has been clear that no one on the flight to the United States would have been at risk because the patient wasn’t sick yet when he flew. The patient had been staying with family and not at a hotel, and in the affected countries in West Africa, family members, caregivers and health care workers who tend to patients have the highest risk of infection.
“We have identified all the people who could have had contact with the patient while he was infectious,” Frieden said. “It is only someone who is sick with Ebola who can spread the disease.”
And Ebola only spreads in bodily More >
In 2005, 37-year-old Amal Graafstra decided to implant himself with two rice-grain-sized radio frequency identification, or RFID chips based on a simple premise.
In 2005, the 37-year-old decided to implant himself with two rice-grain-sized radio frequency identification, or RFID, chips based on a simple premise.
“Authorization to get into a place is really built on identity, not having a key that’s secure,” Graafstra said.
Implanting yourself with an RFID tag is a process that takes less than a minute, and the chips are not visible under Graafstra’s skin and he says he that cannot feel them.
Graafstra has successful built prototypes that allow the implanted RFID chip to communicate with smartphones, share contact details with friends and even open doors. The technology is called NFC, or near-field communication. Graafstra’s next step is crowd funding.
“One of the things we’re working on is continuing the development in the NFC space, to create a secure storage medium for Bitcoin wallet addresses, private encryption keys, that kind of stuff,” Graafstra said.
Hsuan-hua Chang, creator of a blog called “Everyday NFC” and author of a book by the same name, does not believe human RFID chip implants are very practical.
“The technology changes so fast. If a next-generation tag or chip More >
The Centers for Disease Control and Prevention has warned that between 550,000 and 1.4 million people could be infected by the deadly Ebola outbreak by January if it is not contained. Although the World Health Organization confirmed 5,800 cases earlier this week, which has led to 2,800 deaths, health experts agree the numbers are highly under-reported.Is Ebola Coming To America?
Russia is set to renew the country’s strategic nuclear forces by 100 percent, not 70 percent as previously announced, according to Deputy Prime Minister Dmitry Rogozin.
“The formation of the technical basis for strategic nuclear forces is going at a faster rate, and in fact, we will renew not 70 percent of the SNF, but 100 percent,” Rogozin told Rossiya TV channel.
The deputy premier, who’s responsible for the Russian defense industry, also declared that in 2015 the army and the navy are to switch 30 percent of their weapons to “cutting edge” technology, and by 70 percent in 2020.
“Should we amaze our colleagues, and is it necessary to brandish all types of weaponry to surprise them? Something must be preserved as a quiet secret for yourself to reveal at the most critical moment,” Rogozin said, as quoted by RIA Novosti.
If any Americans remained unconvinced that barbaric evil is at the cold-blooded heart of the terrorist group ISIS, their recent beheading of journalist James Foley made it graphically undeniable. The moral divide between ISIS and us is clearly marked. And yet there are those among us who still cannot bring themselves to use moral terminology to describe the enemy.
Michael J. Boyle for example, an associate professor of political science at La Salle University, contributed an op-ed to the New York Times Saturday on “the moral hazard” of using terms like “evil” and “cancer” to describe the terrorist group ISIS. Sure, he concedes, ISIS has committed thousands of gruesome human rights violations and war crimes, but Boyle wants to put the brakes on the “disturbing return of the moralistic language once used to describe Al Qaeda.”
The concept of order that has underpinned the modern era is in crisis, writes Henry Kissinger. Above, a pro-Russian fighter stands guard at a checkpoint close to Donetsk, Ukraine in July. European Pressphoto Agency
Libya is in civil war, fundamentalist armies are building a self-declared caliphate across Syria and Iraq and Afghanistan’s young democracy is on the verge of paralysis. To these troubles are added a resurgence of tensions with Russia and a relationship with China divided between pledges of cooperation and public recrimination. The concept of order that has underpinned the modern era is in crisis.
The search for world order has long been defined almost exclusively by the concepts of Western societies. In the decades following World War II, the U.S.—strengthened in its economy and national confidence—began to take up the torch of international leadership and added a new dimension. A nation founded explicitly on an idea of free and representative governance, the U.S. identified its own rise with the spread of liberty and democracy and credited these forces with an ability to achieve just and lasting peace. The traditional European approach to order had viewed peoples and states as inherently competitive; to constrain the effects of their clashing ambitions, More >
The official MH17 narrative still prevails: the “pro-Russian rebels” shot down Malaysian airlines MH17 with a Buk missile system provided by Russia.Malaysian airlines MH17 with a Buk missile system provided by Russia.
In a new and rather unusual twist, however, according to the Kiev regime, the Donetsk militia did not intend to shoot down Malaysian airlines MH17. What the “pro-Russian rebels” were aiming at was a Russian Aeroflot passenger plane.
The official MH17 narrative still prevails
“Ukraine’s law enforcement and intelligence agencies have established during the investigation into a terrorist attack on the Boeing… that on that day, July 17, and at that time military mercenaries and terrorists from the Russian Federation planned to carry out a terrorist attack against a passenger aircraft of Aeroflot en route from Moscow to Larnaca… as a pretext for the further invasion by Russia,”
Fighting ISIS with local armiesThe US President revealed this arrangement at the NATO summit in Wales which finished Friday, Sept. 5 debkafile’s military and counterterrorism sources reason that his smooth formula fail to offer the most fundamental part: Military muscle. No outfitted energy fit for undertaking the walking jihadis is to be found in all the immense region of around 144,000 sq. km seized by the Islamist terrorists, between Raqqa in northrn Syria and the northwestern methodologies to Baghdad.