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Wake Up!

Wake Up!

Authored by Jeffrey Tucker via DailyReckoning.com,

The last three and a half years have been times of enormous upheaval.

It has…

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Wake Up!

Authored by Jeffrey Tucker via DailyReckoning.com,

The last three and a half years have been times of enormous upheaval.

It has affected politics, economics, culture, media and technology. It’s not just about the spreading of economic, cultural and demographic decay. Millions and billions of lives have been wrecked, to be sure, but there is also a big impact on the way we see the world around us.

What we once trusted, we now doubt and even disbelieve as a matter of new habit. The simple categories of understanding that we once deployed to make sense of the world have been tested, challenged and even overthrown. Old forms of ideological commitments have opened their way to new.

This particularly pertains to intellectuals. Or should in any case.

If you have not shifted your thinking in some respect over these years, you are either a prophet, asleep or in denial.

The way social media works today, influencers are reluctant to admit it lest risk their followings built out of a prior cultural landscape. This is really too bad.

There is nothing wrong with changing, adapting, migrating and calling out truth even if that contradicts what you once said or how you used to believe.

There is no need to change your principles or ideals. What should change in light of evidence is your evaluation of the problems and threats, your outlook on the relative priorities of focus, your perceptions of the functionality of institutional structures, your awareness of issues and concerns about which you had limited prior knowledge, your political and cultural allegiances and so on.

These days, this intellectual migration seems mainly to have affected the left. Nearly daily I find myself having the same conversations with people in person, on the phone or online. It is from an Obama voter and someone with traditionally “liberal” allegiances.

The COVID era utterly shocked them in what they discovered about their own tribe. They aren’t liberal at all.

They supported universal quarantine, forced face coverings and then mandatory jabs pushed by a tax-funded corporate monopoly. Concerns about human rights, civil liberties and the common good suddenly evaporated. Then of course they turned to the most blunt instrument of all: censorship.

The trauma felt by principled people who imagined themselves to be “on the left” is palpable.

But the same is true of people “on the right” who were aghast to observe that it was Trump and his administration that greenlighted lockdowns, spent many trillions forcing COVID compliance and then threw public monies at Big Pharma to rush a shot by bypassing all standards of necessity, safety and effectiveness.

The promise to “make America great again” ended in wreckage coast-to-coast. For Trump partisans, this realization that it all happened under their hero is hard to take, a triangulating rope-a-dope.

Even more strangely, it was the “never Trumpers” on the right who most strongly supported lockdowns, masking and shot mandates.

The libertarians are another story entirely, one that nearly surpasses understanding. Among the higher echelons of this faction in academia and think tanks, the silence from the start and even years later was truly deafening.

Instead of standing up to totalitarianism, as the whole of the intellectual tradition had prepared them to do, they deployed their clever heuristics to justify outrages against core freedoms, even the freedom to associate.

So yes, observing one’s own tribe collapse into craven careerism and coercion is disorienting. But the problem goes even deeper. The most striking alliance of our time has been to observe the lockstep of the elites in government, media, tech and academia.

The reality blows apart the traditional binary of public vs. private that has dominated ideological discussion for centuries.

This binary is nicely represented by the sculpture in front of the Federal Trade Commission.

It shows a man holding back a horse. It’s man vs. beast, completely different species and totally different interests, one demanding to move forward and the other holding it back.

The point of the sculpture is to celebrate the role of government (man) in controlling trade (industry). The contrary position would condemn government for controlling industry.

But what if the sculpture is pure fantasy even at its very structure?

In reality, the horse is either carrying the man or pulling a cart that carries the man. Are they cooperating together in a partnership that is allied against consumers, stockholders, small businesses, the working classes and people more generally?

That realization — the very essence of what was revealed to us in the course of the COVID response — utterly shatters core presumptions behind the dominant ideologies of our times and going far back in time.

That realization requires a recalibration from honest thinkers.

I had to reevaluate my own cherished beliefs about markets and politics, which was painful in many ways. But it was necessary.

Below, I take you on that journey — and show you why we must adjust our thinking to adapt to new realities. Read on.

The Scales Fell From My Eyes

I was going through an archive of writings from the 2010s in search of some insight or possibly something to reprint. I found many hundreds of articles. None of them jumped out at me as necessarily wrong but I found myself rather bored with their superficiality. Yes, they are entertaining and fascinating in their way but what precisely did they reveal?

There was no consumer product unworthy of rhapsodic celebration, no pop tune or movie that didn’t reinforce my biases, no new technology or company undeserving of my highest praise, no trend in the land that was contrary to my conception of progress all around us.

It’s exceedingly difficult to recreate an older state of mind but let me try. I saw myself as a composer of hymns to material progress all around us, a cheerleader of the glories of all market forces. I lived with this public-private binary.

All that was good in the world came from the private sector and all that was evil came from the public sector. That easily became for me a simplistic, good vs. evil conception of the great struggle, and also blinded me to the ways that these two ideal types play together in real life.

Armed with this ideological weaponry, I was ready to take on the world.

And so Big Tech came in for massive celebration from me, even to the point that I completely ignored warnings of capture and surveillance. I had a model in mind — migration to the digital realm was emancipatory while attachment to the physical world was mired in stagnation — and nothing could shake me from it.

I had also implicitly adopted an “end-of-history” style of triumphalist thinking that befits the generation that saw freedom win the great Cold War struggle.

And so the final victory of liberty was always at hand, at least in my fevered imagination.

This is why the lockdowns came as such a shock to me. It flew in the face of the linear structure of historical narrative that I had constructed for myself in order to make sense of the world.

This is why the best comparison of the COVID years might be to the Great War, the global calamity that was simply not supposed to happen based on the wild optimism cultivated during the Gilded and Victorian epochs of decades earlier.

The very foundations of peace and progress had gradually eroded, and prepared the way for terrible war, but that generation of observers did not see it happening simply because they were not looking for it.

To be sure, and uniquely so far as I can tell, I had been writing about the prospect of pandemic lockdowns for the previous 15 years. I read their research, knew of their plans and followed their germ games. I drummed up awareness and called for hard limits on what the state could do during a pandemic.

At the same time, I had become accustomed to treating the academic and intellectual worlds as something external to the social order. In other words, I never once believed that these cockamamie ideas would ever leak into our own lived realities.

Like so many others, I had come to regard intellectual discussion and debate as a challenging and most enjoyable parlor game that had little impact on the world. I knew for sure that there were crazy people extant who dreamed of universal human separation and the conquering of the microbial planet by force.

But I had presumed that the structures of society and the trajectory of history embedded too much intelligence to actually implement such delusions. The foundations of civilization were too strong to be eroded by gibberish, or so I had believed.

What I had overlooked were several factors.

  • First, I didn’t understand the extent of the rise, independence and power of the administrative state and the impossibility of controlling its authority through elective representatives. I simply did not anticipate the fullness of its reach.

  • Second, I had not understood the extent to which private industry had developed a full working relationship with the structures of power in its own industrial interests.

  • Third, I had overlooked the way consolidation and cooperation had developed between pharmaceutical companies, public health, digital enterprises and media organs.

  • Fourth, I had failed to appreciate the tendency of the public mind to drop knowledge accumulated from past wisdom. For example, who would have believed that people would forget what they once knew, even from thousands of years of experience, about exposure and natural immunity?

  • Fifth, I did not anticipate the extent to which high-end professionals would give up all principles and curry favor with the new policy priorities of the government/media/tech/industry hegemon. Who knew that nothing about the main themes of patriotic songs and movies would have stuck when it most mattered?

  • Sixth, and this is perhaps my greatest intellectual failing, I had not seen how rigid class structures would feed conflicting interests between the professional class of laptop workers and the working classes who still need the physical world to accomplish their goals.

On March 16, 2020, the laptop class conspired in a forced digitalization of the world in the name of pathogenic control, and this came at the expense of some two-thirds of the population who depended on physical interactions for their livelihood and psychological well-being.

This aspect of class conflict — which I had always chalked up to be a Marxian delusion — became the defining feature of the whole of our political lives. Instead, the lack of empathy from the professional class was evident everywhere, from academic opinion to media reporting. It was a society of serfs and lords.

For those who are researchers, writers, academics or just curious people who want to understand the world better — even improve it — to have one’s intellectual operating system so profoundly disturbed is an occasion of profound disorientation. It is also a time to embrace the adventure, recalibrate and set about correcting and finding a new path.

When your ideological system and political allegiances fail to provide the explanatory power we are seeking, it is time to improve them or give them up entirely.

Not everyone is up to the task. Indeed, this is a major reason why so many want to forget about the past three and a half years. They would rather close their eyes to the new realities and default back to their intellectual comfort zones.

For any writer or thinker of integrity, this should not be an option. As painful as it might be, it is best just to admit where we went wrong and set out to discover a better path. This is why so many of us have adopted a paradigm called the “COVID test.” Few pass. Most fail. They failed in shockingly public and inexcusable ways: left, right and libertarian.

The influencers who flopped so badly in these years and have yet to own up to it deserve neither attention nor respect. Their attempt to pretend they were never wrong and then move on as if nothing much has happened is embarrassing and disreputable.

But those who come to terms with the wreckage all around us and seek to understand its causes and the way forward deserve a listen and appreciation. For it is these people who are doing their best to save the world from another round of disaster.

As for the rest, they are taking up air space and should, in a just world, be tutoring the children with learning losses and delivering meals to the vaccine-injured.

Tyler Durden Tue, 08/22/2023 - 23:25

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International

Angry Shouting Aside, Here’s What Biden Is Running On

Angry Shouting Aside, Here’s What Biden Is Running On

Last night, Joe Biden gave an extremely dark, threatening, angry State of the Union…

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Angry Shouting Aside, Here's What Biden Is Running On

Last night, Joe Biden gave an extremely dark, threatening, angry State of the Union address - in which he insisted that the American economy is doing better than ever, blamed inflation on 'corporate greed,' and warned that Donald Trump poses an existential threat to the republic.

But in between the angry rhetoric, he also laid out his 2024 election platform - for which additional details will be released on March 11, when the White House sends its proposed budget to Congress.

To that end, Goldman Sachs' Alec Phillips and Tim Krupa have summarized the key points:

Taxes

While railing against billionaires (nothing new there), Biden repeated the claim that anyone making under $400,000 per year won't see an increase in their taxes.  He also proposed a 21% corporate minimum tax, up from 15% on book income outlined in the Inflation Reduction Act (IRA), as well as raising the corporate tax rate from 21% to 28% (which would promptly be passed along to consumers in the form of more inflation). Goldman notes that "Congress is unlikely to consider any of these proposals this year, they would only come into play in a second Biden term, if Democrats also won House and Senate majorities."

Biden also called on Congress to restore the pandemic-era child tax credit.

Immigration

Instead of simply passing a slew of border security Executive Orders like the Trump ones he shredded on day one, Biden repeated the lie that Congress 'needs to act' before he can (translation: send money to Ukraine or the US border will continue to be a sieve).

As immigration comes into even greater focus heading into the election, we continue to expect the Administration to tighten policy (e.g., immigration has surged 20pp the last 7 months to first place with 28% in Gallup’s “most important problem” survey). As such, we estimate the foreign-born contribution to monthly labor force growth will moderate from 110k/month in 2023 to around 70-90k/month in 2024. -GS

Ukraine

Biden, with House Speaker Mike Johnson doing his best impression of a bobble-head, urged Congress to pass additional assistance for Ukraine based entirely on the premise that Russia 'won't stop' there (and would what, trigger article 5 and WW3 no matter what?), despite the fact that Putin explicitly told Tucker Carlson he has no further ambitions, and in fact seeks a settlement.

As Goldman estimates, "While there is still a clear chance that such a deal could come together, for now there is no clear path forward for Ukraine aid in Congress."

China

Biden, forgetting about all the aggressive tariffs, suggested that Trump had been soft on China, and that he will stand up "against China's unfair economic practices" and "for peace and stability across the Taiwan Strait."

Healthcare

Lastly, Biden proposed to expand drug price negotiations to 50 additional drugs each year (an increase from 20 outlined in the IRA), which Goldman said would likely require bipartisan support "even if Democrats controlled Congress and the White House," as such policies would likely be ineligible for the budget "reconciliation" process which has been used in previous years to pass the IRA and other major fiscal party when Congressional margins are just too thin.

So there you have it. With no actual accomplishments to speak of, Biden can only attack Trump, lie, and make empty promises.

Tyler Durden Fri, 03/08/2024 - 18:00

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Government

Jack Smith Says Trump Retention Of Documents “Starkly Different” From Biden

Jack Smith Says Trump Retention Of Documents "Starkly Different" From Biden

Authored by Catherine Yang via The Epoch Times (emphasis ours),

Special…

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Jack Smith Says Trump Retention Of Documents "Starkly Different" From Biden

Authored by Catherine Yang via The Epoch Times (emphasis ours),

Special counsel Jack Smith has argued the case he is prosecuting against former President Donald Trump for allegedly mishandling classified information is “starkly different” from the case the Department of Justice declined to bring against President Joe Biden over retention of classified documents.

(Left) Special counsel Jack Smith in Washington on Aug. 1, 2023. (Drew Angerer/Getty Images); (Right) Former President Donald Trump. (David Dee Delgado/Getty Images)

Prosecutors, in responding to a motion President Trump filed to dismiss the case based on selective and vindictive prosecution, said on Thursday this is not the case of “two men ‘commit[ting] the same basic crime in substantially the same manner.”

They argue the similarities are only “superficial,” and that there are two main differences: that President Trump allegedly “engaged in extensive and repeated efforts to obstruct justice and thwart the return of documents” and the “evidence concerning the two men’s intent.”

Special counsel Robert Hur’s report found that there was evidence that President Biden “willfully” retained classified Afghanistan documents, but that evidence “fell short” of concluding guilt of willful retention beyond reasonable doubt.

Prosecutors argue the “strength of the evidence” is a crucial element showing these cases are not “similarly situated.”

Trump may dispute the Hur Report’s conclusions but he should not be allowed to misrepresent them,” prosecutors wrote, arguing that the defense’s argument to dismiss the case fell short of legal standards.

They point to volume as another distinction: President Biden had 88 classified documents and President Trump had 337. Prosecutors also argued that while President Biden’s Delaware garage “was plainly an unsecured location ... whatever risks are posed by storing documents in a private garage” were “dwarfed” by President Trump storing documents at an “active social club” with 150 staff members and hundreds of visitors.

Defense attorneys had also cited a New York Times report where President Biden was reported to have held the view that President Trump should be prosecuted, expressing concern about his retention of documents at Mar-a-lago.

Prosecutors argued that this case was not “foisted” upon the special counsel, who had not been appointed at the time of these comments.

“Trump appears to contend that it was President Biden who actually made the decision to seek the charges in this case; that Biden did so solely for unconstitutional reasons,” the filing reads. “He presents no evidence whatsoever to show that Biden’s comments about him had any bearing on the Special Counsel’s decision to seek charges, much less that the Special Counsel is a ’stalking horse.'”

8 Other Cases

President Trump has argued he is being subjected to selective and vindictive prosecution, warranting dismissal of the case, but prosecutors argue that the defense has not “identified anyone who has engaged in a remotely similar battery of criminal conduct and not been prosecuted as a result.”

In addition to President Biden, defense attorneys offered eight other examples.

Former Vice President Mike Pence had, after 2023 reports about President Biden retaining classified documents surfaced, retained legal counsel to search his home for classified documents. Some documents were found, and he sent them to the National Archives and Records Administration (NARA).

Prosecutors say this was different from President Trump’s situation, as Vice President Pence returned the documents out of his own initiative and had fewer than 15 classified documents.

Former President Bill Clinton had retained a historian to put together “The Clinton Tapes” project, and it was later reported that NARA did not have those tapes years after his presidency. A court had ruled it could not compel NARA to try to recover the records, and NARA had defined the tapes as personal records.

Prosecutors argue those were tape diaries and the situation was “far different” from President Trump’s.

Former Secretary of State Hillary Clinton had “used private email servers ... to conduct official State Department business,” the DOJ found, and the FBI opened a criminal investigation.

Prosecutors argued this was a different situation where the secretary’s emails showed no “classified” markings and the deletion of more than 31,000 emails was done by an employee and not the secretary.

Former FBI Director James Comey had retained four memos “believing that they contained no classified information.” These memos were part of seven he authored addressing interactions he had with President Trump.

Prosecutors argued there was no obstructive behavior here.

Former CIA Director David Petraeus kept bound notebooks that contained classified and unclassified notes, which he allowed a biographer to review. The FBI later seized the notebooks and Mr. Petraeus took a guilty plea.

Prosecutors argued there was prosecution in Mr. Petraeus’s case, and so President Trump’s case is not selective.

Former national security adviser Sandy Berger removed five copies of a classified document and kept them at his personal office, later shredding three of the copies. When confronted by NARA, he returned the remaining two copies and took a guilty plea.

Former CIA director John Deutch kept a journal with classified information on an unclassified computer, and also took a guilty plea.

Prosecutors argued both Mr. Berger and Mr. Deutch’s behavior was “vastly less egregious than Trump’s” and they had been prosecuted.

Former White House coronavirus response coordinator Deborah Birx had possession of classified materials according to documents retrieved by NARA.

Prosecutors argued that there was no indication she knew she had classified information or “attempted to obstruct justice.”

Tyler Durden Fri, 03/08/2024 - 17:40

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International

United Airlines adds new flights to faraway destinations

The airline said that it has been working hard to "find hidden gem destinations."

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Since countries started opening up after the pandemic in 2021 and 2022, airlines have been seeing demand soar not just for major global cities and popular routes but also for farther-away destinations.

Numerous reports, including a recent TripAdvisor survey of trending destinations, showed that there has been a rise in U.S. traveler interest in Asian countries such as Japan, South Korea and Vietnam as well as growing tourism traction in off-the-beaten-path European countries such as Slovenia, Estonia and Montenegro.

Related: 'No more flying for you': Travel agency sounds alarm over risk of 'carbon passports'

As a result, airlines have been looking at their networks to include more faraway destinations as well as smaller cities that are growing increasingly popular with tourists and may not be served by their competitors.

The Philippines has been popular among tourists in recent years.

Shutterstock

United brings back more routes, says it is committed to 'finding hidden gems'

This week, United Airlines  (UAL)  announced that it will be launching a new route from Newark Liberty International Airport (EWR) to Morocco's Marrakesh. While it is only the country's fourth-largest city, Marrakesh is a particularly popular place for tourists to seek out the sights and experiences that many associate with the country — colorful souks, gardens with ornate architecture and mosques from the Moorish period.

More Travel:

"We have consistently been ahead of the curve in finding hidden gem destinations for our customers to explore and remain committed to providing the most unique slate of travel options for their adventures abroad," United's SVP of Global Network Planning Patrick Quayle, said in a press statement.

The new route will launch on Oct. 24 and take place three times a week on a Boeing 767-300ER  (BA)  plane that is equipped with 46 Polaris business class and 22 Premium Plus seats. The plane choice was a way to reach a luxury customer customer looking to start their holiday in Marrakesh in the plane.

Along with the new Morocco route, United is also launching a flight between Houston (IAH) and Colombia's Medellín on Oct. 27 as well as a route between Tokyo and Cebu in the Philippines on July 31 — the latter is known as a "fifth freedom" flight in which the airline flies to the larger hub from the mainland U.S. and then goes on to smaller Asian city popular with tourists after some travelers get off (and others get on) in Tokyo.

United's network expansion includes new 'fifth freedom' flight

In the fall of 2023, United became the first U.S. airline to fly to the Philippines with a new Manila-San Francisco flight. It has expanded its service to Asia from different U.S. cities earlier last year. Cebu has been on its radar amid growing tourist interest in the region known for marine parks, rainforests and Spanish-style architecture.

With the summer coming up, United also announced that it plans to run its current flights to Hong Kong, Seoul, and Portugal's Porto more frequently at different points of the week and reach four weekly flights between Los Angeles and Shanghai by August 29.

"This is your normal, exciting network planning team back in action," Quayle told travel website The Points Guy of the airline's plans for the new routes.

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