The International Monetary Fund is absolutely right that inequality is bad for stability. But even before the I.M.F. documented this relationship, the United Nations Commission of Experts on Reforms of the International Monetary and Financial System identified increasing inequality as one of the most important factors contributing to the Great Recession of 2008.
In “The Price of Inequality,” I explain the channels through which inequality commonly leads to instability. Both were in evidence in our recent crisis.
Internet service providers such as AT&T, Verizon, Comcast, Cablevision and Time Warner Cable have agreed to crack down on online media pirates. By that I mean you, not Jack Sparrow. *Based solely on information that I’ve read in the news, and while researching this post* I understand that people have been downloading stuff from the internet for a very long time.
In case you’ve consistently missed the boat for the last 15 years, virtually everything digital has been available to anyone on the internet with a Torrent client such as µTorrent (or usenet groups or whatever)
Adam Weinstein has written a splendid head-knocker taking note of one of Mitt Romney's top choices for his "Military Advisory Council." It's Gen. Tommy Franks, U.S. Army, retired. No. 4 on a Foreign Policy list of worst U.S. generals that includes Benedict Arnold as No. 2.
Casting aside for the moment that the imperialist Iraq invasion should never have occurred in the first place, Gen. Franks was the guy who, in the words of Michael O'Brien, served as Defense Secretary Donald Rumsfeld's "water boy." Gen. Eric Shinseki, now secretary of Veterans Affairs, had said that the invasion would require half a million troops, but Rumsfeld wanted to do it on the cheap, 150,000 at most. He turned to Franks:
India has approved a $1.5 billion deal to buy 200 supersonic cruise missiles and 10,000 anti-tank missiles from Russia.
The cruise missiles are modified versions of the Russian-Indian BrahMos supersonic cruise missile, while the anti-tank missiles are Russian-made Invars, RIA Novosti reported.
The deal was approved Thursday by India's Cabinet Committee on Security.
The air-launched cruise missiles will be deployed on India's Su-30MKI strike aircraft and will receive their initial test in December.
Congressman Richard Hanna (R-NY) is fed up with the GOP.
Hanna singled out Michele Bachmann’s “suggestion that Secretary of State Hillary Clinton aide Huma Abedin be investigated to see if she has ties to Egypt’s Muslim Brotherhood” as an example of a party that has gone off the rails.
The Republican challenger tries to distance himself from Dubya, but the facts tell a different story.
Mitt Romney clearly wants to run away from the Bush legacy of unnecessary war, budget-busting tax cuts for the rich and economic collapse. When a town-hall debate questioner finally forced the GOP nominee to directly compare himself to Dubya earlier this week, Romney insisted: "President Bush and I are different people." But place the two men's biographies side by side, and the similarities that emerge are not just striking, they're uncanny.
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