By the time the Federal Reserve completes its plan to funnel another $600 billion into the U.S. economy by buying treasuries and mortgage-based bonds from banks, it will have added an estimated $2.3 trillion to the nation's overall money supply. And it has done this without causing inflation — at least the official inflation rate posted by the government. How has this been … [Read more...] about The Fed’s Magic Trick: Creating $2.3 trillion New Dollars Without Creating Inflation
Middle East Revolutions Herald America’s Demise: Kayhan, Islamic Republic of Iran
Are we witnessing the beginning of the end of Western civilization - or to be more accurate - non-Muslim civilization? According to columnist Hussein Shariatmadari of Iran's state-run Kayhan newspaper, ancient prophecies of the Prophet Muhammad are now coming true - and there is little or nothing that Washington can do to avert the end. For Kahyan, Hussein Shariatmadari … [Read more...] about Middle East Revolutions Herald America’s Demise: Kayhan, Islamic Republic of Iran
‘Harry’ Too Lefty Even For This Old Liberal Lion
The first episode of the new law TV series "Harry's Law" I saw on NBC Saturday night was flooded with so many liberal causes I drowned. And, I'm a liberal. For an hour, one favorite progressive ideologue after another was piled on top of the other with so much corn fructose that my blood sugars elevated 100 points in that span, a record in that time slot. It was so much … [Read more...] about ‘Harry’ Too Lefty Even For This Old Liberal Lion
Saturday Night Live Lampoons Michele Bachmann’s State of the Union Address Response
SNL has lampooned Tea Party favorite Rep. Michele Bachmann's response to President Barack Obama's State of the Union address, which she delivered to the wrong camera. Here's the spoof: And here's the real Bachmann response which had sparked lots of comment: … [Read more...] about Saturday Night Live Lampoons Michele Bachmann’s State of the Union Address Response
Special Report: The Revolt in Egypt and U.S. Policy (Guest Voice)
Special Report: The Revolt in Egypt and U.S. Policy By Barry Rubin There is no good policy for the United States regarding the uprising in Egypt but the Obama Administration may be adopting something close to the worst option. This is its first real international crisis. And it seems to be adopting a policy that, while somewhat balanced, is pushing the Egyptian regime out … [Read more...] about Special Report: The Revolt in Egypt and U.S. Policy (Guest Voice)
Egypt: Fighter Jets Military Show of Force, Al Jazeera Banned, and Protests in Sudan
Events in Egypt continue to move at break-neck speed: fighter jets ominously swooped over Cairo in a military show of force...Al Jazeera, which is to events in Cairo what the young CNN was to the first military invasion of Iraq, has been banned...and protests have now broken out in Sudan. Which raises some questions as events swiftly unfold: is the government of embattled … [Read more...] about Egypt: Fighter Jets Military Show of Force, Al Jazeera Banned, and Protests in Sudan
Boffo Smash or Miserable Flop? (Guest Voice)
Boffo Smash or Miserable Flop? Raging Moderate, by Will Durst Once again, in terms of political theater, the president has managed to flummox both critics and angels alike. Reviews of his State of the Union address have been more mixed than a Kansas Cuisinart stuck in a tornado on puree. Notwithstanding the ritualistic 79 applause breaks by his Geek Chorus, the production … [Read more...] about Boffo Smash or Miserable Flop? (Guest Voice)
Pharaoh Mubarak Teeters
More prison breaks freeing more criminals and terrorists. Mubarak's perch wobbles a bit. Some Updates Via Twitter: nytimes The New York Times Despite new crackdown on Al Jazeera, live stream still showing protest scenes (lo-rez) from Cairo. http://bit.ly/VGnK 2 minutes ago » AmelahG Amy Greenbaum RT @BorowitzReport: #Mubarak says that he got the idea of … [Read more...] about Pharaoh Mubarak Teeters
Wild Card – The Egyptian Military
One part of the unfolding story of Egypt that has been largely ignored by the press is that the top guns from the Egyptian Military were in Washington for a previously scheduled meeting when the hostilities began. Why is this important? I'm sure that the original agenda was altered when the Egyptian people started their mass demonstrations. We won't know for … [Read more...] about Wild Card – The Egyptian Military
Movie Hog Heaven
The year I was born, Charlie Chaplin filmed a classic scene in "The Gold Rush," boiling and eating his shoe while snowbound. This month, as driveways are piled high, I know just how he felt, consuming not footwear but an overdose of many movies made since then. In the grip of cabin fever, the mind reels at thoughts of lowering the deficit, Winning the Future or understanding … [Read more...] about Movie Hog Heaven
Videos of the Protests In Egypt: Video Roundup
Some videos that reveal the turmoil in Egypt: Protesters clash with riot police in Cairo: Protesters today mourn 15 dead in protests: More on protests today: Rubber bullets and tear gas: AlJazeera English on whether Mubarak is seriously threatened: A reverential video by a protest supporter on the view from the streets: Fox News report on … [Read more...] about Videos of the Protests In Egypt: Video Roundup
Amazing Story: 3-Year Old Calls 911 and Saves Dad’s Life
A truly remarkable, heartwarming story. A 3 year old calls 911 and saves his Dad's life. The story of a brave and smart little boy...and a smart father who taught his son early -- and well. Just listen to the call: … [Read more...] about Amazing Story: 3-Year Old Calls 911 and Saves Dad’s Life
An Interview on the Egyptian Revolt: I’m Worried That Others Aren’t Worried (Guest Voice)
An Interview on the Egyptian Revolt: I'm Worried That Others Aren't Worried By Barry Rubin [Editor's Note: In this interview Barry Rubin interviews himself on the Egypt turmoil.] 1) How do you judge the Egyptian protests? It is tempting to see this as a revolution that will bring down the regime. But Egypt is not Tunisia. And while the demonstrations are passionate it … [Read more...] about An Interview on the Egyptian Revolt: I’m Worried That Others Aren’t Worried (Guest Voice)
UNREST is a Silly Word
Think about it. Much looting in Egypt. Police stations are being ransacked and weapons + ammo stolen. There has been a massive jailbreak freeing, among others, terrorists. I suspect much of the looted weaponry is falling into the hands of terrorists. The populace is not happy with Mubarak's concessions (VP, new PM) but doesn't care for anarchy endangering their homes, … [Read more...] about UNREST is a Silly Word
How’s Obama Doing on Egypt?
How's Obama doing on Egypt? Marc Lynch who writes Foreign Policy's excellent Middle East blog (which we have just added the TMV blogroll under Other Voices) thinks he's doing pretty well and HERE'S WHY. … [Read more...] about How’s Obama Doing on Egypt?
Sometimes, It’s Best Just to Get Out of the Way When History is Rolling Forward
The administration is torn between two competing visions put forward by the foreign policy establishment in Washington of what the US should do and say about the crisis in Egypt, and as is typical, they have chosen to split the difference. This Washington Post editorial represents what might be termed the idealistic faction: The United States should be using … [Read more...] about Sometimes, It’s Best Just to Get Out of the Way When History is Rolling Forward
Videos Speak Louder Than Words In Middle East Conflict
For geo-politically challenged Americans hoping for the next paycheck and seeing no further than our ocean's shorelines, I have a message: Cairo (Egypt, not Ohio) is on fire. You may have seen it live on TV. Keep watching. What's happening in Egypt and a few, for now, other Middle Eastern nations, could come back and bite you on the butt where you stash your wallet. It's … [Read more...] about Videos Speak Louder Than Words In Middle East Conflict
Protests Continue in Egypt As Cabinet Resigns..BREAKING Mubarak Appoints Vice President For First Time (UPDATED) (Plus Egypt News ROUNDUP)
Protests are continuing in Egypt as the cabinet of President Hosni Mubarak has officially resigned. The one tiny problem for Mubarak if he wishes to stop the protests: He himself has not resigned. And it's unlikely the resignation of his cabinet will halt protests aimed at politically deep sixing him and his designated political heir son. Meanwhile, some cell phone service … [Read more...] about Protests Continue in Egypt As Cabinet Resigns..BREAKING Mubarak Appoints Vice President For First Time (UPDATED) (Plus Egypt News ROUNDUP)
Tibetan Leadership Crisis In India: Cash Scandal
Tibetan religious leader in-exile "Karmapa" Ogyen Trinley Dorje, who is likely to replace the Dalai Lama as the world symbol of Tibetan Buddhism and icon of Tibetan aspirations, is now surrounded with a serious controversy. Police in India have raided his monastery near Dharamsala, and allegedly recovered foreign and Indian currency worth nearly Rs 70 million. Dorje, now … [Read more...] about Tibetan Leadership Crisis In India: Cash Scandal
EGYPT, We Have Been Here Before: May As Many As Possible Be Kept Safe
Egyptian people in prayer on bridge today; On the right armored policemen, on the left: The people. High school students on way home 1963 USA … [Read more...] about EGYPT, We Have Been Here Before: May As Many As Possible Be Kept Safe