Distinction Matter - Subscribed Feeds

  1. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Postscript to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  2. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 18 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  3. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 15 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  4. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 12 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  5. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 9 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  6. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 6 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  7. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  8. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Introduction to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  9. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 20 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  10. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 17 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  11. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 14 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  12. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 11 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  13. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 8 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  14. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 5 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  15. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Chapter 2 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  16. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Preface to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  17. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan McMaken
    Ryan McMaken's Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities in audiobook format. Narrated by John Quattrucci.
  18. Site: Ron Paul Institute - Featured Articles
    1 week 3 days ago
    Author: John W. And Nisha Whitehead

    Nothing is real,” observed John Lennon, and that’s especially true of politics.

    Much like the fabricated universe in Peter Weir’s 1998 film The Truman Show, in which a man’s life is the basis for an elaborately staged television show aimed at selling products and procuring ratings, the political scene in the United States has devolved over the years into a carefully calibrated exercise in how to manipulate, polarize, propagandize and control a population.

    Take the media circus that is the Donald Trump hush money trial, which panders to the public’s voracious appetite for titillating, soap opera drama, keeping the citizenry distracted, diverted and divided.

    This is the magic of the reality TV programming that passes for politics today.

    Everything becomes entertainment fodder.

    As long as we are distracted, entertained, occasionally outraged, always polarized but largely uninvolved and content to remain in the viewer’s seat, we’ll never manage to present a unified front against tyranny (or government corruption and ineptitude) in any form.

    Studies suggest that the more reality TV people watch—and I would posit that it’s all reality TV, entertainment news included—the more difficult it becomes to distinguish between what is real and what is carefully crafted farce.

    “We the people” are watching a lot of TV.

    On average, Americans spend five hours a day watching television. By the time we reach age 65, we’re watching more than 50 hours of television a week, and that number increases as we get older. And reality TV programming consistently captures the largest percentage of TV watchers every season by an almost 2-1 ratio.

    This doesn’t bode well for a citizenry able to sift through masterfully-produced propaganda in order to think critically about the issues of the day.

    Yet look behind the spectacles, the reality TV theatrics, the sleight-of-hand distractions and diversions, and the stomach-churning, nail-biting drama that is politics today, and you will find there is a method to the madness.

    We have become guinea pigs in a ruthlessly calculated, carefully orchestrated, chillingly cold-blooded experiment in how to control a population and advance a political agenda without much opposition from the citizenry.

    This is how you persuade a populace to voluntarily march in lockstep with a police state and police themselves (and each other): by ratcheting up the fear-factor, meted out one carefully calibrated crisis at a time, and teaching them to distrust any who diverge from the norm through elaborate propaganda campaigns.

    Unsurprisingly, one of the biggest propagandists today is the U.S. government.

    Add the government’s inclination to monitor online activity and police so-called “disinformation,” and you have the makings of a restructuring of reality straight out of Orwell’s 1984, where the Ministry of Truth polices speech and ensures that facts conform to whatever version of reality the government propagandists embrace.

    This “policing of the mind” is exactly the danger author Jim Keith warned about when he predicted that “information and communication sources are gradually being linked together into a single computerized network, providing an opportunity for unheralded control of what will be broadcast, what will be said, and ultimately what will be thought.”

    You may not hear much about the government’s role in producing, planting and peddling propaganda-driven fake news—often with the help of the corporate news media—because the powers-that-be don’t want us skeptical of the government’s message or its corporate accomplices in the mainstream media.

    However, when you have social media giants colluding with the government in order to censor so-called disinformation, all the while the mainstream news media, which is supposed to act as a bulwark against government propaganda, has instead become the mouthpiece of the world’s largest corporation (the U.S. government), the Deep State has grown dangerously out-of-control.

    This has been in the works for a long time.

    Veteran journalist Carl Bernstein, in his expansive 1977 Rolling Stone piece “The CIA and the Media,” reported on Operation Mockingbird, a CIA campaign started in the 1950s to plant intelligence reports among reporters at more than 25 major newspapers and wire agencies, who would then regurgitate them for a public oblivious to the fact that they were being fed government propaganda.

    In some instances, as Bernstein showed, members of the media also served as extensions of the surveillance state, with reporters actually carrying out assignments for the CIA. Executives with CBS, the New York Times and Time magazine also worked closely with the CIA to vet the news.

    If it was happening then, you can bet it’s still happening today, only this collusion has been reclassified, renamed and hidden behind layers of government secrecy, obfuscation and spin.

    In its article, “How the American government is trying to control what you think,” the Washington Post points out “Government agencies historically have made a habit of crossing the blurry line between informing the public and propagandizing.”

    This is mind-control in its most sinister form.

    The end goal of these mind-control campaigns—packaged in the guise of the greater good—is to see how far the American people will allow the government to go in re-shaping the country in the image of a totalitarian police state.

    The government’s fear-mongering is a key element in its mind-control programming.

    It’s a simple enough formula. National crises, global pandemics, reported terrorist attacks, and sporadic shootings leave us in a constant state of fear. The emotional panic that accompanies fear actually shuts down the prefrontal cortex or the rational thinking part of our brains. In other words, when we are consumed by fear, we stop thinking.

    A populace that stops thinking for themselves is a populace that is easily led, easily manipulated and easily controlled whether through propaganda, brainwashing, mind control, or just plain fear-mongering.

    This unseen mechanism of society that manipulates us through fear into compliance is what American theorist Edward L. Bernays referred to as “an invisible government which is the true ruling power of our country.”

    To this invisible government of rulers who operate behind the scenes—the architects of the Deep State—we are mere puppets on a string, to be brainwashed, manipulated and controlled.

    Yet as I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, it’s time to change the channel, tune out the reality TV show, and push back against the real menace of the police state.

    If not, if we continue to sit back and lose ourselves in political programming, we will remain a captive audience to a farce that grows more absurd by the minute.

    Reprinted with permission from The Rutherford Institute.

  19. Site: RT - News
    1 week 3 days ago
    Author: RT

    China has criticized Washington’s decision to provide new military assistance to the self-governed island

    Washington’s latest decision to supply arms to Taiwan increases the risks faced by the self-governed island instead of bolstering its security, according to the Chinese Foreign Ministry.

    Taipei is set to get $8 billion in security assistance under a bill recently approved by the US Congress. The US decision to arm what it  recognizes offficially as a part of China was met with resignation in Beiging, with Wang Wenbin, the spokesman for the Chinese Foreign Ministry, criticizing the decision during a press briefing on Wednesday.

    “It will only increase tensions and the risk of conflict across the Taiwan Strait, and will ultimately be an act of shooting oneself in the foot,” he warned.

    Congress approved $95 billion in foreign aid, most of it military, on Tuesday, with most of the spending related to Ukraine. President Joe Biden is set to sign the bill into law this week.

    Taiwan was the last refuge of nationalist forces during the Chinese civil war of the 1940s, and has since remained de facto independent from Beijing and allied with Washington. The One-China policy, which forms the core of its government’s relationship with Taiwan, states that there is only one Chinese national state.

    Read more  J-20 stealth fighter jets rehearse for the Changchun Air Show in China, July 24, 2023. US would beat China in a war – intel official

    Under the policy, Beijing seeks the peaceful reintegration of the island and the prevention of any attempt to declare it a sovereign nation, threatening the use of military force if necessary. China has claimed that some political forces in the US are encouraging Taipei to secede, and that the military support offered by Washington fuels separatist sentiments which are part of a US strategy to contain Beijing.

    Military ties with the US cannot “save the doomed fate of Taiwan independence,” Wang warned, urging Washington not to create new tensions in the region with its arms supplies.

    The rebuke coincided with the arrival of US Secretary of State Antony Blinken in China for a three-day visit. According to Western media, one of his key goals is to put pressure on Beijing over its friendly relations with Moscow, and its decision to reject economic restrictions on Russia relating to the Ukraine crisis.

    “We see China sharing machine tools, semiconductors, other dual-use items that have helped Russia rebuild the defense industrial base,” Blinken stated last week after a G7 meeting.

    READ MORE: US denies submarine pact will trigger arms race

    The US is drafting measures to punish Chinese banks involved in such trade, and Blinken intends to use that threat as “diplomatic leverage” during the talks, according to the Wall Street Journal.

  20. Site: ChurchPOP
    1 week 3 days ago
    Author: Fr. Bill Peckman

    I believe the most powerful tool the devil has at his disposal is fear.

    When I say “fear,” I do not mean “fear of the Lord,” which is a spiritual gift that helps us respect God.

    No, I mean the fear which tells us that God does not want what is good for us. I mean the fear that ultimately leads to rebellion. For if I do not trust a person in authority because I do not believe that they are interested in my good, I will rebel against them. It is human nature to rebel against that kind of abusive authority.

    Indeed, the devil himself is driven by fear. He feared our creation as somehow diminishing his own. He didn’t trust God and His will. His fear led to rebellion and hate; not just of God, but of us as well. His main tool is what drives him.

    In the garden, his temptation is based in fear, a fear the devil himself is motivated by: “God does not want what is good for you. Don’t trust Him.” It is why the first emotion Adam and Eve feel after the fall is fear (they notice they are naked) and that fear leads them to try and hide from God.

    Fear is the biggest reason why Catholics do not evangelize. 

    We are afraid of rejection, of having our lack of knowledge of the faith exposed, of persecution, of having to step out from society. Indeed, to evangelize is to say what the world offers is insufficient. That might as well expose us to ridicule, persecution, or rejection. It might as well expose our own lack of knowledge.

    Fear is what destroys vocations.

    A young man or woman will fear rejection, accusation, loss of independence, and various other things. They will be shown the absolute worst examples: unfaithful priests, unhappy married people, bitter religious, [or] criminal behavior. They will be told this is the norm and who they will become should they follow such a road. Fear will be cultivated until even the thought of seeking God’s will is yanked up by its roots.

    Fear is what destroys our liturgies. 

    Fear? Absolutely! Fear that I won’t get anything out of it, fear that people will leave, fear that I will be seen as irrelevant, fear that I will be seen as dated, etc.

    Fear causes us to put the focus on ourselves. It insulates us. If my modus operandi is self-protection/self-pleasure/self-satisfaction, they all scream to God, “I do not trust you! I have to look out for my own good!”

    Because proper worship is focused away from ourselves and towards God. If I do not trust God, then Mass either becomes placating an unfair God, or a completely disposable event. Why worship something that is not looking out for our good?

    We are told 365 times in the Bible to not be afraid. 

    God knows what fear does to us. Since He actually does love us and wants what is good for us, he tells us to trust Him – to have courage and strength. He knows fear will stall us and eventually and eternally destroy us.

    Not to sound like Yoda, but fear leads to anger. It leads us to darkness. Fear leads us to rebellion and despair. It leads us to an emptiness and dissatisfaction with life. It leads us to strike out against those not bound by fear.

    The devil knows this. He is the penultimate example of “misery loves company.”

    Fear is overcome with faith - one decision at a time. 

    Fortitude, a cardinal virtue, when driven by the theological virtues of Faith, Hope, and Love spurs us to reject fear. It gives us the courage to endure with joy whatever those still in fear will throw at us.

    Live in fortitude infused with faith, hope, and love and evangelization and vocation will not only be something no longer run from, they will be something desired.

    Live in fortitude infused with faith, hope, and love, then the worship of God, and not the entertainment of man, will become the focus of our liturgies again. Prayer will not be seen as a burden to appease God, but as a longing for growth in our relationship with God and the Body of Christ.

    The virtues, though, are disciplines by which we consciously decide what we want to be. We must decide to trust God choice by choice, surrendering our will to His providence. The coldness of fear gets replaced with the fire of love.

    It is your choice. God has one plan for you. The devil also has a plan for you.

    Which plan you follow will be taken step by step by whether you give into or rise above fear.

    This article originally appeared on Facebook.

  21. Site: LifeNews
    1 week 3 days ago
    Author: Joshua Mercer

    Joe Biden made the Sign of the Cross in response to pro-abortion comments made by Democrat Nikki Fried, who was standing next to the president.

    The gesture came while the president was listening to Florida Democratic Party Chairwoman Nikki Fried slam her state’s pro-life law.

    “And then we come back here to [the] state of Florida,” Fried said, as Biden stood next to her. Behind the two Democrats was a backdrop of Biden/Harris 2024 campaign signs.

    “Where … 15 weeks wasn’t good enough so we had to go to six weeks,” Fried said, referring to the gestational limit up until abortion is allowed under state law.

    As soon as Fried said “wasn’t good enough,” Biden began to make a slow sign of the cross. The president is well-known to be a self-professed Catholic. His gesture occurred moments before he delivered a speech in Florida in favor of legal abortion.

    Follow LifeNews.com on Instagram for pro-life pictures and videos.

    “This. Is. VILE!” CatholicVote wrote on X. “You cannot be Catholic and support abortion! You cannot invoke GOD and promote Death!”

    “Biden’s decision to make the Sign of the Cross in support of abortion extremism is a despicable charade that attempts to co-opt a sacred practice in support of his new abortion religion,” said CatholicVote President Brian Burch.

    “His gesture openly mocks the Christian belief in the sanctity of life,” Burch added. “There is no divine support for destroying the lives of innocent children, and he should know better.”

    “Biden’s gesture suggests he is either terribly naive, or senile, or callously indifferent to the foundational beliefs of millions of Christians in America,” he concluded.

    Fried heavily emphasized her pro-abortion views during her failed bid for the Florida governorship two years ago. The lawyer and marijuana lobbyist lost the Democratic primary in a landslide to former Gov. Charlie Crist.

    Crist went on to lose the general election to Republican Gov. Ron DeSantis, also in a landslide.

    Biden’s pro-abortion event was held just over six months before the state’s voters will decide the fate of a proposed constitutional amendment.

    “In America today in 2024 women have fewer rights than their mothers and their grandmothers had because of Donald Trump,” Biden claimed during the speech.

    He further alleged that because of Trump “millions of women in Florida now face … pain and cruelty.”

    “It’s not inevitable,” the president continued. “We can stop it when you vote.”

    Florida is set to concurrently vote on both the presidential election and the “Amendment to Limit Government Interference with Abortion” (Amendment 4) on November 5.

    If 60% of Sunshine State voters approve the amendment, a “right” to abortion before so-called “fetal viability” (usually defined at around 24 weeks gestation) will be added to the Florida Constitution.

    Also during his speech, Biden called Florida’s pro-life law set to take effect next week “one of the nation’s most extreme anti-abortion laws.”

    The legislation, signed by DeSantis almost exactly one year ago, will protect most unborn children after six weeks of pregnancy. The Florida Supreme Court allowed the law to take effect, the same day it allowed Amendment 4 on the November ballot.

    Biden framed the law as “criminalizing reproductive healthcare before women even know they’re pregnant.”

    “This is bizarre,” the Democrat went on. “You can put a doctor in prison if he takes care of a patient.”

    “For 50 years, the Court ruled there was a fundamental constitutional right to privacy,” Biden said, referring to the time when Roe v. Wade was the law of land.

    “But two years ago, that was taken away,” he continued, referring to the Supreme Court’s landmark ruling in Dobbs v. Jackson Women’s Health Organization.

    “Let’s be real clear,” he added. “There’s one person responsible for this nightmare. And he’s acknowledged it and he brags about it. Donald Trump.”

    “In fact Trump’s bragged about overturning Roe v. Wade which meant there’s no federal right, no decision could be made, all those decisions made are [at] the state level,” Biden continued.

    “Trump goes on in saying that those state laws are working, his words, ‘Brilliantly,’” he added.

    He went on to discuss the Arizona Supreme Court’s decision to uphold the state’s 1864 law protecting almost all unborn children earlier this month: “Today, MAGA Republicans refuse to repeal that ban in Arizona. Trump is literally taking us back 160 years.”

    The day after the Arizona ruling, Trump told reporters that he opposed it and will not sign a national pro-life law if one reaches his desk.

    Despite this, Biden continued to tie his opponent to the law: “He says it’s up to the states and this is all about state’s rights.”

    “But he’s wrong. The Supreme Court was wrong,” Biden said, raising his voice. “It should be a constitutional right in the federal Constitution.”

    “This isn’t about state’s rights,” Biden said. “It’s about women’s rights.”

    “Trump is worried voters are going to hold him accountable for the cruelty and chaos he created,” the Democratic president claimed.

    “Folks, the bad news for Trump is we are going to hold him accountable,” Biden stressed.

    After the Florida Supreme Court placed the amendment on the state’s ballot, “the Biden campaign said it viewed Florida as ‘winnable’ and said it aimed to invest heavily in flipping the state,” The Hill reported ahead of Biden’s visit.

    Tuesday marked “Biden’s first visit to Florida since the ruling,” noted The Hill.

    “[Biden] believes he has a chance in Florida based on the issue of abortion,” FOX News hostess Martha McCallum stated on her show shortly before the president began his speech Tuesday afternoon.

    McCallum explained that Biden believes the state’s pro-life law “could help benefit Democrats in the Sunshine State even though it has been very reliably red over the last several elections.”

    In the 2020 election, Biden lost Florida to Trump by 3.4 points. In carrying the increasingly red state, Trump nearly tripled his 1.2 point margin over Hillary Clinton in 2016.

    Then in 2022, DeSantis won re-election by 19.4 points – defeating Crist, who lost by just one point when he was the party’s nominee in 2014.

    DeSantis rebuked Biden’s appearance in his state shortly before the president’s pro-abortion speech.

    “All I can say is this is a guy who has intentionally opened the borders of this country and caused great harm,” the governor stated earlier on Tuesday. “[Biden’s] policies have caused families to suffer with higher prices and higher interest rates.”

    “And now he’s coming down to try to support a constitutional amendment that will mandate abortion up until the moment of birth, that will eliminate parental consent for minors, and that is written in a way that’s intentionally designed to deceive voters,” he continued.

    “Floridians are not buying what Joe Biden is selling,” DeSantis emphasized. “[A]nd in November, we’re going to play an instrumental role in sending him back to Delaware where he belongs.”

    A poll from earlier this month found that the “yes” side of Amendment 4 has a 17 point lead over the “no” campaign.

    However, the percentage of voters who indicated they would support the amendment (42%), was well short of the required 60% threshold for it to pass.

    “In order for the amendment to pass, it has to garner 60% of the vote,” CatholicVote reported on April 11. “This means that the pro-abortion side needs to win 56% of the currently “unsure” voters – a somewhat encouraging sign for the pro-life movement.”

    The same poll found that Trump had a 13 point lead over Biden in Florida. “If this trend holds, Trump would be the first presidential nominee from either party to win Florida by double digits since George H.W. Bush in 1988,” CatholicVote noted.

    LifeNews Note: Joshua Mercer writes for CatholicVote, where this column originally appeared.

    The post Joe Biden Makes Sign of the Cross at Pro-Abortion Rally appeared first on LifeNews.com.

  22. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

    Justice (sic) Department Conspired with Biden, FBI, National Archives, and NY Times to Concoct a “Documents Case” against Trump

    Paul Craig Roberts

    The absence of integrity in the US Department of Justice (sic) is one of the many unremarked threats to American freedom.

    Recently unsealed documents that the DOJ gangster special counsel Jack Smith tried to keep secret reveal that the Biden White House colluded with the National Archives, FBI and apparently the New York Times to concoct a DOJ documents case against Donald Trump. [Remember, Biden was cleared of the same charges by the DOJ on the grounds that Biden was “not mentally competent” to stand trial–but he is competent to be president.]

    In other words, the documents “case” against Trump was the product of a conspiracy at the highest levels of the American government to frame Donald Trump on a fake charge. Zero Hedge reports: https://www.zerohedge.com/political/fking-clown-show-unsealed-court-docs-reveal-biden-doj-colluded-national-archives-target

  23. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

    Tucker Carlson Explains that Watergate Was an Orchestration to Remove President Nixon from Office

    Paul Craig Roberts

    I have several times reported the same. Nixon was removed because he was making arms limitation agreements with the Soviets and opening to China. This was normalizing the enemy that the military/security complex needed for its budget and power. It was for the same reason that President Kennedy was assassinated by the military/security complex. The growing suspicion about Kennedy’s assassination meant that the military/security complex could not risk a second violent assassination, so Nixon was politically assassinated.

    The same strategy was applied to Trump. When Trump said he intended to normalize relations with Russia, he presented himself as the same threat to the military-security complex as Kennedy and Nixon. That is what Russiagate was about, and what documentsgate, Jan 6 Insurrection, and two failed impeachments are all about. When Russiagate and the impeachments failed, they decided to steal the election. When Trump’s support survived all of this, they decided on the indictments. In the least, the indictments will keep Trump off the campaign circuit and use up his resources in legal fees.

    It is the determination and ability of the military/security complex to protect its budget and power that makes peace impossible and wars our way of life.

    https://twitter.com/CollinRugg/status/1781484602756124759

  24. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

    “War Is a Racket” — US Marine General Smedley D. Butler

    Paul Craig Roberts

    The Western military security complex has orchestrated a “Russian threat” for the purpose of keeping profits rolling into the coffers of armaments manufacturers and their marketing teams. It has reached such absurd levels as tiny Estonia’s finance minister proposing a “security tax” so that Estonia can protect itself from Russia. And this absurdity is taken seriously.

    No amount of “security tax” could protect Estonia from Russia. Moreover, only Estonian stupidity could cause Russia to attack the tiny country. All over Europe there is a ramping up of government agitation for more “defense” spending against a non-existing threat. Remember, it is Washington and NATO that has consistently refused all Russian efforts in behalf of a mutual defense treaty.

    As Europe has little capability in armaments manufacture, the spending will flow into the pockets of the US armaments companies–more US fighter jets, missiles, tanks. It is a racket. Stir up a threat and profits rise and executive “performance bonuses” with them.

    https://www.rt.com/news/596499-estonia-defense-spending-security-tax/

  25. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

  26. Site: Novus Motus Liturgicus
    1 week 3 days ago
    Onec again, we are grateful to Mr Robert Keim for sharing some of his writing with us, this time in a two part article on the subject of the liturgical use of bells. Part 1 of this article, which explores the paschal significance of bells in Old Testament liturgy, may be found here. Mr Keim is a secular brother of the London Oratory of St. Philip Neri, a linguist, and a literary scholar Gregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
  27. Site: LES FEMMES - THE TRUTH
    1 week 3 days ago
    Author: noreply@blogger.com (Mary Ann Kreitzer)
  28. Site: AsiaNews.it
    1 week 3 days ago
    Three cases are still pending in court following the tragedy in which over 1,000 textile workers died. At the beginning of the year, the Supreme Court intervened, ordering the judicial process to be closed by July. The victims say they were left to their own devices, while only Sohel Rana, the owner of the building, is in prison.
  29. Site: RT - News
    1 week 3 days ago
    Author: RT

    Moscow ‘condones’ online scams that target the UK’s elderly, Ben Wallace has claimed

    The UK is facing certain forms of “unconventional warfare” waged by its enemies, potentially including Moscow-backed online scams that target the elderly, former British Secretary of Defence Ben Wallace has claimed.

    The Conservative MP, who resigned from the cabinet last August, told Sky News on Wednesday that the world today reminded him of the interwar periods during the last century.

    The situation, Wallace explained, is similar to “the 1930s, but with an added challenge of terrorism and a challenge of unconventional warfare.” As examples of the latter, he cited “disinformation campaigns, the enemies in this country using cyber to divide us, to rob from us, to spy on us, and to create frictions in our society.”

    When asked by host Kay Burley which nation posed the biggest threat to the UK, Wallace said it was Russia.

    READ MORE: Canadians are ‘target No.1’ for Ukrainian scammers – media

    ”Many of the big cyber-crime syndicates are based in Russia, curiously protected by the Russian state,” he claimed. “They are the ones robbing your granny and my parents with phishing emails. So, Russia is directly challenging us at all levels.”

    Earlier this month, British police reported busting a UK-founded international ring of scammers, which since 2021 alone has stolen from some 70,000 victims in the country. Thirty-seven people were arrested around the world in the LabHost case, the force reported. The statement didn’t mention Russia.

  30. Site: RT - News
    1 week 3 days ago
    Author: RT

    Moscow ‘condones’ online scams that target the UK’s elderly, Ben Wallace has claimed

    The UK is facing certain forms of “unconventional warfare” waged by its enemies, potentially including Moscow-backed online scams that target the elderly, former British Secretary of Defence Ben Wallace has claimed.

    The Conservative MP, who resigned from the cabinet last August, told Sky News on Wednesday that the world today reminded him of the interwar periods during the last century.

    The situation, Wallace explained, is similar to “the 1930s, but with an added challenge of terrorism and a challenge of unconventional warfare.” As examples of the latter, he cited “disinformation campaigns, the enemies in this country using cyber to divide us, to rob from us, to spy on us, and to create frictions in our society.”

    When asked by host Kay Burley which nation posed the biggest threat to the UK, Wallace said it was Russia.

    READ MORE: Canadians are ‘target No.1’ for Ukrainian scammers – media

    ”Many of the big cyber-crime syndicates are based in Russia, curiously protected by the Russian state,” he claimed. “They are the ones robbing your granny and my parents with phishing emails. So, Russia is directly challenging us at all levels.”

    Earlier this month, British police reported busting a UK-founded international ring of scammers, which since 2021 alone has stolen from some 70,000 victims in the country. Thirty-seven people were arrested around the world in the LabHost case, the force reported. The statement didn’t mention Russia.

  31. Site: AsiaNews.it
    1 week 3 days ago
    A quickvisitto the island for the Iranian leader on his returnfrom Pakistan. The focus of the day was the signing of five memoranda of understanding (MoUs) and the inauguration of a hydroelectric power plant. Analysts underline the Islamic Republic's attempt to strengthen relations with South Asia at a time of tensions in the Middle East, with heavy repercussions on international trade.
  32. Site: RT - News
    1 week 3 days ago
    Author: RT

    NATO member Estonia is considering a new measure to ‘protect’ itself from Russia, its finance minister has told local media

    Growing defense costs would leave Estonia with no other option but to introduce a security tax in the coming years, the EU country’s Finance Minister Mart Vorklaev said on Tuesday.

    The Estonian government had already agreed to increase the nation’s defense budget to 3% of GDP between 2024 and 2027, up from 2.85% last year, and sharply up from NATO’s 2% threshold, as it seeks to counter a supposed threat from Russia. The former Soviet republic, which shares a 284-kilometer border with Russia, joined the EU and NATO in 2004.

    Vorklaev was commenting on an initiative by Estonian Defence Forces’ chief General Martin Herem, who earlier this week proposed increasing his country’s defense spending to 5% of GDP. According to Herem, this would enable Tallinn to buy €1.5 billion worth of ammunition to “deter Russia or destroy its infrastructure” in the event of an attack.

    Speaking to news outlet ERR, Minister Vorklaev said that when allocating 5% of GDP to defense, Estonia would have to introduce a broad-based security tax, adding, however, that the new tax would not be introduced until 2026.

    The proposal has already sparked criticism, with Vadim Belobrovtsev, a member of the Center Party parliamentary faction, saying he could not imagine where €1.5 billion could come from. Authorities should keep the national economy in focus and think about “how we get out of this economic hole,” the politician said.

    Read more Estonian Defence Minister Hanno Pevkur. Every NATO member has military personnel in Ukraine – Estonia

    Last year, the Baltic country’s GDP decreased by 3%, to €37.7 billion ($40.8 billion), data shared by Statistics Estonia shows.

    Estonia, along with Latvia and Lithuania, has been on the frontline of the West’s confrontation with Moscow since the beginning of the Ukraine conflict in 2022.

    Earlier this year, multiple senior officials from NATO member states, including the UK, Germany, and Estonia, alleged that Russia was planning an attack on the bloc within the next few years.

    Moscow has consistently denied the claims, with President Vladimir Putin insisting that Russia “has no interest … geopolitically, economically or militarily ... in waging war against NATO.”

  33. Site: RT - News
    1 week 3 days ago
    Author: RT

    NATO member Estonia is considering a new measure to ‘protect’ itself from Russia, its finance minister has told local media

    Growing defense costs would leave Estonia with no other option but to introduce a security tax in the coming years, the EU country’s Finance Minister Mart Vorklaev said on Tuesday.

    The Estonian government had already agreed to increase the nation’s defense budget to 3% of GDP between 2024 and 2027, up from 2.85% last year, and sharply up from NATO’s 2% threshold, as it seeks to counter a supposed threat from Russia. The former Soviet republic, which shares a 284-kilometer border with Russia, joined the EU and NATO in 2004.

    Vorklaev was commenting on an initiative by Estonian Defence Forces’ chief General Martin Herem, who earlier this week proposed increasing his country’s defense spending to 5% of GDP. According to Herem, this would enable Tallinn to buy €1.5 billion worth of ammunition to “deter Russia or destroy its infrastructure” in the event of an attack.

    Speaking to news outlet ERR, Minister Vorklaev said that when allocating 5% of GDP to defense, Estonia would have to introduce a broad-based security tax, adding, however, that the new tax would not be introduced until 2026.

    The proposal has already sparked criticism, with Vadim Belobrovtsev, a member of the Center Party parliamentary faction, saying he could not imagine where €1.5 billion could come from. Authorities should keep the national economy in focus and think about “how we get out of this economic hole,” the politician said.

    Read more Estonian Defence Minister Hanno Pevkur. Every NATO member has military personnel in Ukraine – Estonia

    Last year, the Baltic country’s GDP decreased by 3%, to €37.7 billion ($40.8 billion), data shared by Statistics Estonia shows.

    Estonia, along with Latvia and Lithuania, has been on the frontline of the West’s confrontation with Moscow since the beginning of the Ukraine conflict in 2022.

    Earlier this year, multiple senior officials from NATO member states, including the UK, Germany, and Estonia, alleged that Russia was planning an attack on the bloc within the next few years.

    Moscow has consistently denied the claims, with President Vladimir Putin insisting that Russia “has no interest … geopolitically, economically or militarily ... in waging war against NATO.”

  34. Site: Mises Institute
    1 week 3 days ago
    Author: Aaron Sobczak
    A common knock on libertarianism is that it is so individualistic that it rejects the concept of community. (Think of the political cartoon in which the libertarian lifeguard let people drown.) In truth, strong communities also need free individuals.
  35. Site: Voice of the Family
    1 week 3 days ago
    Author: Peter Newman

    If you walk across the Kidron Valley, from the Cenacle in Jerusalem to the Chapel of the Ascension at the summit of the Mount of Olives, you pass between the Garden of Gethsemane on your right and the Tomb of the Blessed Virgin on your left. From the perspective of Our Lord returning on the […]

    The post The Almighty has done great things for me, Holy His Name appeared first on Voice of the Family.

  36. Site: Voice of the Family
    1 week 3 days ago
    Author: Peter Newman

    From Christ in His Mysteries (1919) It is from our baptism that we share in this grace of the Resurrection. St Paul affirms this: “We are buried together with Him by baptism unto death; that as Christ is risen from the dead by the power of the Father, so we also may walk in newness […]

    The post Si Consurrexistis Cum Christo (2) appeared first on Voice of the Family.

  37. Site: Voice of the Family
    1 week 3 days ago
    Author: Peter Newman

    “He shall glorify me, because he shall receive of mine …” Today, as we are halfway through Eastertide, the Church begins to turn her attention to the coming of the Holy Ghost. As Christians, we confess one God in three Persons — Father, Son, and Holy Spirit — equal and undivided. We have all eternity […]

    The post The Holy Ghost: fourth Sunday after Easter appeared first on Voice of the Family.

  38. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    How Nvidia Uses Gold

    Via SchiffGold.com,

    What is Nvidia? If you’re a committed gamer the question may sound like nonsense. Nvidia, which was founded in 1993, is a tech company that makes GPUs and other products. It originally specialized in making products for the video game industry, that assisted in 3D rendering. If you were a committed gamer, you probably owned their products. If you weren’t, you might not have heard of them.

    But with sudden advances in artificial intelligence, it has been everywhere in the news because its products can also be used for artificial intelligence. Its fourth-quarter revenue from Q4 2022 to 2023 literally increased 265%.

    A decade ago, its market capitalization hovered around $10 billion In 2016, it was around $50 billion.. As of April 2024, it was worth over $2 trillion. The Motley Fool ranked it third most valuable publicly traded company in the world, just behind Apple. It is now over five times more valuable than Walmart. It is one of the best-performing stocks of the last few years.

    Sometimes the stock market, particularly tech stocks, are placed in a different mental bucket than traditional investments and stores of value, such as gold and silver.

    But often precious metals are more closely connected to tech than some think.

    And that is because one of the essential components in many of its products is gold. Nvidia uses various metals to make its products- gold of course, as well as tantalum, tungsten and tin. SchiffGold has long covered how demand for industrial silver use is forecasted to rise, but many high-tech industries depend on the industrial use of gold as well.

    GPU microchips are made with gold as well as other metals like minum, silicon, and copper because of their useful conductive properties. Of course, the monetary value of gold provides an incentive to minimize its use, but the chemical properties of gold remain so useful that manufacturers continue to use gold in chips and sometimes in internal computer wiring and switches despite their cost.

    As competition for the best GPUs heats up and the price of GPUs is likely going to rise due to advances in artificial intelligence, the cost of the metal in GPUs will become less relevant to the overall cost of gold. 

    This means that manufacturers can use more gold in their products without dramatically increasing the cost of their GPUs and other products.

    Perhaps that’s why some savvy investors are betting on both gold and artificial intelligence companies.

    One prominent example is Stanley Druckenmiller who shifted his allocation away from big tech and towards AI and gold.

    More gold may currently be used for investment or jewelry than in high-tech, but it’s intriguing that humanity’s newest and most advanced technology, artificial intelligence, has looped around to depend on our oldest kind of money.

    Gold’s resilience depends on its historic, current, and future usage as money. It’s buoyed by its beauty and use in jewelry and decoration. But its value is also driven by its unique chemical features that power the greatest technologies in the world.

    The cost of gold encourages companies to seek alternatives to it, but its natural features guarantee that it’s still used as a vital component of computers and GPUs despite its cost.

    Tyler Durden Wed, 04/24/2024 - 06:30
  39. Site: RT - News
    1 week 3 days ago
    Author: RT

    One country should not be able to censor the entire internet, the tech billionaire has argued

    Tech billionaire Elon Musk has insisted he will not comply with an Australian order to remove a video in which a priest was stabbed from his X (formerly Twitter) platform. The entrepreneur has been told to withdraw the content, which features a non-fatal knife attack on an Assyrian bishop, for users worldwide.

    The stabbing took place during a live-streamed sermon at a church in the suburbs of Sydney on April 15. Footage of the attack, which the Australian authorities have deemed to be terrorism, quickly garnered multiple views online and allegedly prompted heated protests near the crime scene.

    The following day, Australia’s eSafety commissioner, Julie Inman Grant, ordered X and Meta to delete the footage entirely from their social platforms within 24 hours, including for users outside the country. “Every minute counts, and the more this content is up there, the more it is reshared, the more the velocity and the virality continues and we need to stem that,” she argued.

    While Meta swiftly complied with the order, X said that it had only removed the video in Australia “pending a legal challenge.” Inman’s order for the clip to be brought down worldwide “was not within the scope of Australian law,” it argued. The company added that Canberra had threatened it with a daily fine of AUS$785,000 (US$510,000) over its reluctance to fulfill the demand.

    Read more Elon Musk changes Twitter name and logo to X on July 24, 2023 Musk’s X threatens legal action over church stabbing footage

    On Monday, a federal court in Sydney ordered a temporary ban on the stabbing video for all X users, pending a hearing on a permanent ban on Wednesday. In its injunction against the platform, the eSafety Commission claimed that “geoblocking” of the footage by X was not enough due to the ability of the Australians to access it through VPN.

    On Tuesday, Australian Prime Minister Anthony Albanese labeled Musk an “arrogant billionaire who thinks he’s above the law, but also above common decency.” Albanese claimed to ABC that the Tesla and SpaceX CEO was “out of touch” over his willingness to go to court in order to keep violent content online.

    Musk responded to Albanese a few hours later, explaining that “our concern is that if any country is allowed to censor content for all countries, which is what the Australian ‘eSafety Commissar’ is demanding, then what is to stop any country from controlling the entire Internet?” 

    READ MORE: No Russian misinfo on X, but Western influence ops present – Musk

    He also shared a post revealing that X has now become the most downloaded app in Australia. “The Australian people want the truth. X is the only one standing up for their rights,” Musk wrote.

  40. Site: RT - News
    1 week 3 days ago
    Author: RT

    The Netherlands’ most-wanted criminal was allowed out on bail due to an apparent judicial lapse

    A regional judge in Spain has released a presumed Moroccan mafia leader on bail, whom Dutch authorities suspect of having plotted to abduct or kill the heir apparent to the country's throne as well as the its acting prime minister, Mark Rutte. A lapse by a higher court has effectively allowed him to escape extradition, according to media reports.

    A Dutch citizen of Moroccan origin on Interpol’s most wanted list, Karim Bouyakhrichan was arrested in the Spanish city of Marbella in early January, after a years-long manhunt. The alleged crime kingpin became a high-priority target after his criminal organization threatened to kill Princess Catharina-Amalia, Princes of Orange and daughter of the Dutch King, Willem Alexander.

    Dutch security services have characterized Bouyakhrichan as the “most wanted and dangerous criminal in the Netherlands.”

    According to local media, the suspect also faced money laundering charges in Spain, which prompted the magistrate’s court in Marbella to remand him in custody. However, after the term elapsed within about a month, a Malaga provincial court released the supposed mafia boss on a €50,000 ($53,400) bail bond, on the condition that Bouyakhrichan hand in his passport and appear in court every 15 days.

    The last time Bouyakhrichan was seen was on April 1, with the media outlet SUR quoting unnamed sources as saying the suspected drug lord had since fled Spain.

    Read more Members of the National Police remain in the place where Prosecutor Cesar Suarez was shot dead in Guayaquil, Ecuador on January 17, 2024 Prosecutor probing Ecuador hostage crisis assassinated (VIDEO)

    SUR claimed the regional judge had made the decision to set the man free despite strong opposition from the prosecutor’s office.

    Local media outlets have described how the Provincial Court in Malaga declined to execute a Dutch extradition order, arguing that Bouyakhrichan first had to face money laundering charges in Spain.

    Amsterdam then reportedly filed a new, urgent request, with Spain’s High Court in Madrid acquiescing. However, according to the Cadena SER radio network, Judge Ismael Moreno for some reason neglected to issue a detention order that would have kept the suspected criminal boss behind bars, to secure his extradition to the Netherlands.

    Cadena SER quoted anonymous police sources as saying that the judge’s dubious decision had resulted in “five years of investigation thrown to the garbage.” Unnamed Dutch security sources have described the legal mix-up to the press as an “unforgivable error.”

    According to Politico, back in 2022 Dutch Princess Amalia had to be whisked away from her student campus after the authorities obtained credible evidence of the Moroccan mafia’s plans to either kidnap or murder her. Dutch outlet De Telegraaf has also alleged that caretaker Prime Minister Mark Rutte could be on Bouyakhrichan’s kill-list.

  41. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Senates Passes $95 Billion Aid Bill For Ukraine, Israel And Taiwan, Forces Sale Of TikTok

    The republicans do what they always do best: fold like cheap lawn chairs.

    Moments ago, in a 79-18 vote, the Democrat-controlled Senate passed a long-delayed $95.3 billion foreign-aid package sending $60.8 billion in ammunition and military equipment to Ukrainian soldiers, as well as billions of soon-to-be-embezzled dollars to the offshore real estate agents of Ukraine's corrupt oligarchs while also fortifying Israel’s missile defense systems with $26.4 billion, and leaving $8 billion for Taiwan as if that will do anything to stop a Chinese invasion. Oh, and speaking of Chinese invasions, the Senate also just forced the sale of the China-owned TikTok in the U.S.

    There will be, of course, no change to the invasion at the southern US border because here too Republicans keep folding like cheap lawn chairs to the Democrat ploy to flood the US with illegal aliens who will get free shit for life if only they keep voting for the blue team.

    The bill had broad support in the Senate, with backing from almost all Democrats and a majority of Republicans. Several Republicans who had opposed an earlier iteration of the package, which came after a failed push to attach it to a border-policy overhaul, switched their vote to support Tuesday’s bill. The breakdown of the votes is as follows:

    GOP NO VOTES:

    • Barrasso
    • Blackburn
    • Braun
    • Budd
    • Cruz
    • Hagerty
    • Hawley
    • Johnson
    • Lee
    • Lummis
    • Marshall
    • Rubio
    • Scott (FL)
    • Schmitt
    • Vance  

    DEM NO VOTES:

    • Merkley
    • Sanders
    • Welch

    The vote brought to a close months of pointless sound and fury, and endless debate over Ukraine, that allegedly split the Republican Party,  with rank-and-file members openly rebelling against their leaders, who succeeded in outdemocrating the democrats.

    Biden, McConnell, Schumer, Johnson, and major media players are taking a victory lap over pushing through an additional $61 billion in funding from struggling taxpayers as year 3 of the Ukraine proxy war begins. They want to own this and absolutely should be forced to own this.

    — Mollie (@MZHemingway) April 24, 2024

    The theatrical "fight" also called into question both how far the US would go to defend Ukraine, now in the third year of trying to repel Russia’s invasion, as well as America’s leadership role in the world, once the latest rescue funding is exhausted in a few months, which it will be, with the Ukraine having made zero progress in its war with Russia.

    The measure passed the House on Saturday and now goes to President Biden’s desk. Biden, who has been pushing for a big foreign-aid package since the fall, said he would quickly sign the measure into law Wednesday.

    President Biden on Senate’s passage of $95 billion aid package with funding for Ukraine, Israel and Taiwan: “I will sign this bill into law and address the American people as soon as it reaches my desk tomorrow so we can begin sending weapons and equipment to Ukraine this week.” pic.twitter.com/eOAbtzNqWq

    — Joey Garrison (@joeygarrison) April 24, 2024

    As broken down below, the measure contains money for Ukraine, Israel and Taiwan, as well as humanitarian aid for Gaza—largely matching an earlier Senate bill—plus additions made by the House, such as sanctions on Russia and Iran and the TikTok provision. Leaders in the GOP-controlled House also changed roughly $9.5 billion in economic aid to Ukraine into forgivable loans rather than grants, to make it more politically palatable to Republicans, as if Ukraine will ever repay anything.

    Senate Majority Leader Chuck Schumer (D., N.Y.) credited the White House as well as Republicans who backed Ukraine for advancing the measure, noting that House Speaker Mike Johnson (R., La.) put his political future on the line when he moved forward with the package.

    “In a resounding bipartisan vote, the relentless work of six long months has paid off,” Schumer said on the senate floor. In a statement, Biden thanked lawmakers of both parties, saying they answered “history’s call at this critical inflection point” by sending a message to allies and foes about American power.

    And just like that the deeply embedded deep state operative formerly known as the House speaker has become the media's darling overnight:

    All it takes to get the media to change from mocking and reviling you to slobbering you with praise is to do what they want. It only takes $100B and the betrayal of your voters' policy goals, but what are those silly things compared to praise from the media! https://t.co/id0VrzC77D

    — Mollie (@MZHemingway) April 24, 2024

    Of course, while superficially the bill says "aid to Ukraine" where the majority of the money is really going is to the US military industrial complex. As the WSJ reports, the proposal has roughly $60 billion for Ukraine, most of which would flow to the U.S. defense industry for additional weapons such as ammunition and rocket launchers. The new aid comes on top of the more than $100 billion spent on the Defense Industry Kyiv since Russia invaded in February 2022.

    And while most muppets in the House and Senate are clearly in the pocket of the military-industrial complex and the deep state, a few holdouts remains.

    Sen. Eric Schmitt (R., Mo.), who voted against the measure, called the support for Ukraine to defend its borders “an insult to the American people” while the U.S. struggles with an influx of migrants at its own border with Mexico.

    Sen. Ted Cruz (R., Texas) called his opposition to the proposal’s advancement “one of the toughest votes I’ve cast during my years in the Senate,” saying he couldn’t overcome his concern that humanitarian aid would end up in the hands of terrorists, among other worries.

    Others were more "malleable" in their ideological beliefs.

    Sen. Markwayne Mullin (R., Okla.), who switched from voting against the Senate’s aid package in February to supporting the revised version on Tuesday, said that the politics were complicated.   “Our approach this time was to make sure that the politics are set, meaning that President Trump was on board, it’s something that could be passable, it’s something that could be explained,” he said.

    Sen. James Lankford (R., Okla.), who also switched his vote, said he didn’t want to “punish Israel and Ukraine” over the lack of border provisions. Lankford had led a failed bipartisan effort to find a compromise on immigration, which was shot down by Republicans earlier this year as not tough enough.

    Asked why some Senate Republicans were slow to support aid for Kyiv, 3000-year-old Senate mummy Mitch McConnell cited the “demonization of Ukraine” by conservative political commentator Tucker Carlson. “He had an enormous audience, which convinced a lot of rank and file Republicans that maybe this was a mistake,” McConnell said in a press conference. Carlson declined to comment.

    Mummified Mitch also laid blame on former President Donald Trump, Democrats and the border crisis for the amount of time it took to get most Republican lawmakers to acquiesce in continuing to fund the Ukrainian war effort.

    “I think the former president had sort of mixed views on it,” he said of Trump’s position on Ukraine aid. “We all felt that the border was a complete disaster, myself included,” McConnell continued, noting that the attempt earlier this year to attach border security provisions to Ukraine funding required senators to “deal with Democrats … and then a number of our members thought it wasn’t good enough.”

    “And then our nominee for president didn’t seem to want us to do anything at all,” McConnell said. “That took months to work our way through it.”

    Last but not least, the bill also starts the clock on TikTok’s Chinese-controlled owner ByteDance to find a new owner for the video app in the U.S. within a year, or risk a shutdown. But the matter is expected to be decided by the federal courts which means that it will quietly die on some bench in the corrupt US legal system. A court dispute would likely require judges to weigh the national security objectives of the ban against the First Amendment rights of TikTok and its users.

    Tyler Durden Wed, 04/24/2024 - 05:58
  42. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Senates Passes $95 Billion Aid Bill For Ukraine, Israel And Taiwan, Forces Sale Of TikTok

    The republicans do what they always do best: fold like cheap lawn chairs.

    Moments ago, in a 79-18 vote, the Democrat-controlled Senate passed a long-delayed $95.3 billion foreign-aid package sending $60.8 billion in ammunition and military equipment to Ukrainian soldiers, as well as billions of soon-to-be-embezzled dollars to the offshore real estate agents of Ukraine's corrupt oligarchs while also fortifying Israel’s missile defense systems with $26.4 billion, and leaving $8 billion for Taiwan as if that will do anything to stop a Chinese invasion. Oh, and speaking of Chinese invasions, the Senate also just forced the sale of the China-owned TikTok in the U.S.

    There will be, of course, no change to the invasion at the southern US border because here too Republicans keep folding like cheap lawn chairs to the Democrat ploy to flood the US with illegal aliens who will get free shit for life if only they keep voting for the blue team.

    The bill had broad support in the Senate, with backing from almost all Democrats and a majority of Republicans. Several Republicans who had opposed an earlier iteration of the package, which came after a failed push to attach it to a border-policy overhaul, switched their vote to support Tuesday’s bill. The breakdown of the votes is as follows:

    GOP NO VOTES:

    • Barrasso
    • Blackburn
    • Braun
    • Budd
    • Cruz
    • Hagerty
    • Hawley
    • Johnson
    • Lee
    • Lummis
    • Marshall
    • Rubio
    • Scott (FL)
    • Schmitt
    • Vance  

    DEM NO VOTES:

    • Merkley
    • Sanders
    • Welch

    The vote brought to a close months of pointless sound and fury, and endless debate over Ukraine, that allegedly split the Republican Party,  with rank-and-file members openly rebelling against their leaders, who succeeded in outdemocrating the democrats.

    Biden, McConnell, Schumer, Johnson, and major media players are taking a victory lap over pushing through an additional $61 billion in funding from struggling taxpayers as year 3 of the Ukraine proxy war begins. They want to own this and absolutely should be forced to own this.

    — Mollie (@MZHemingway) April 24, 2024

    The theatrical "fight" also called into question both how far the US would go to defend Ukraine, now in the third year of trying to repel Russia’s invasion, as well as America’s leadership role in the world, once the latest rescue funding is exhausted in a few months, which it will be, with the Ukraine having made zero progress in its war with Russia.

    The measure passed the House on Saturday and now goes to President Biden’s desk. Biden, who has been pushing for a big foreign-aid package since the fall, said he would quickly sign the measure into law Wednesday.

    President Biden on Senate’s passage of $95 billion aid package with funding for Ukraine, Israel and Taiwan: “I will sign this bill into law and address the American people as soon as it reaches my desk tomorrow so we can begin sending weapons and equipment to Ukraine this week.” pic.twitter.com/eOAbtzNqWq

    — Joey Garrison (@joeygarrison) April 24, 2024

    As broken down below, the measure contains money for Ukraine, Israel and Taiwan, as well as humanitarian aid for Gaza—largely matching an earlier Senate bill—plus additions made by the House, such as sanctions on Russia and Iran and the TikTok provision. Leaders in the GOP-controlled House also changed roughly $9.5 billion in economic aid to Ukraine into forgivable loans rather than grants, to make it more politically palatable to Republicans, as if Ukraine will ever repay anything.

    Senate Majority Leader Chuck Schumer (D., N.Y.) credited the White House as well as Republicans who backed Ukraine for advancing the measure, noting that House Speaker Mike Johnson (R., La.) put his political future on the line when he moved forward with the package.

    “In a resounding bipartisan vote, the relentless work of six long months has paid off,” Schumer said on the senate floor. In a statement, Biden thanked lawmakers of both parties, saying they answered “history’s call at this critical inflection point” by sending a message to allies and foes about American power.

    And just like that the deeply embedded deep state operative formerly known as the House speaker has become the media's darling overnight:

    All it takes to get the media to change from mocking and reviling you to slobbering you with praise is to do what they want. It only takes $100B and the betrayal of your voters' policy goals, but what are those silly things compared to praise from the media! https://t.co/id0VrzC77D

    — Mollie (@MZHemingway) April 24, 2024

    Of course, while superficially the bill says "aid to Ukraine" where the majority of the money is really going is to the US military industrial complex. As the WSJ reports, the proposal has roughly $60 billion for Ukraine, most of which would flow to the U.S. defense industry for additional weapons such as ammunition and rocket launchers. The new aid comes on top of the more than $100 billion spent on the Defense Industry Kyiv since Russia invaded in February 2022.

    And while most muppets in the House and Senate are clearly in the pocket of the military-industrial complex and the deep state, a few holdouts remains.

    Sen. Eric Schmitt (R., Mo.), who voted against the measure, called the support for Ukraine to defend its borders “an insult to the American people” while the U.S. struggles with an influx of migrants at its own border with Mexico.

    Sen. Ted Cruz (R., Texas) called his opposition to the proposal’s advancement “one of the toughest votes I’ve cast during my years in the Senate,” saying he couldn’t overcome his concern that humanitarian aid would end up in the hands of terrorists, among other worries.

    Others were more "malleable" in their ideological beliefs.

    Sen. Markwayne Mullin (R., Okla.), who switched from voting against the Senate’s aid package in February to supporting the revised version on Tuesday, said that the politics were complicated.   “Our approach this time was to make sure that the politics are set, meaning that President Trump was on board, it’s something that could be passable, it’s something that could be explained,” he said.

    Sen. James Lankford (R., Okla.), who also switched his vote, said he didn’t want to “punish Israel and Ukraine” over the lack of border provisions. Lankford had led a failed bipartisan effort to find a compromise on immigration, which was shot down by Republicans earlier this year as not tough enough.

    Asked why some Senate Republicans were slow to support aid for Kyiv, 3000-year-old Senate mummy Mitch McConnell cited the “demonization of Ukraine” by conservative political commentator Tucker Carlson. “He had an enormous audience, which convinced a lot of rank and file Republicans that maybe this was a mistake,” McConnell said in a press conference. Carlson declined to comment.

    Mummified Mitch also laid blame on former President Donald Trump, Democrats and the border crisis for the amount of time it took to get most Republican lawmakers to acquiesce in continuing to fund the Ukrainian war effort.

    “I think the former president had sort of mixed views on it,” he said of Trump’s position on Ukraine aid. “We all felt that the border was a complete disaster, myself included,” McConnell continued, noting that the attempt earlier this year to attach border security provisions to Ukraine funding required senators to “deal with Democrats … and then a number of our members thought it wasn’t good enough.”

    “And then our nominee for president didn’t seem to want us to do anything at all,” McConnell said. “That took months to work our way through it.”

    Last but not least, the bill also starts the clock on TikTok’s Chinese-controlled owner ByteDance to find a new owner for the video app in the U.S. within a year, or risk a shutdown. But the matter is expected to be decided by the federal courts which means that it will quietly die on some bench in the corrupt US legal system. A court dispute would likely require judges to weigh the national security objectives of the ban against the First Amendment rights of TikTok and its users.

    Tyler Durden Wed, 04/24/2024 - 05:58
  43. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Senates Passes $95 Billion Aid Bill For Ukraine, Israel And Taiwan, Forces Sale Of TikTok

    The republicans do what they always do best: fold like cheap lawn chairs.

    Moments ago, in a 79-18 vote, the Democrat-controlled Senate passed a long-delayed $95.3 billion foreign-aid package sending $60.8 billion in ammunition and military equipment to Ukrainian soldiers, as well as billions of soon-to-be-embezzled dollars to the offshore real estate agents of Ukraine's corrupt oligarchs while also fortifying Israel’s missile defense systems with $26.4 billion, and leaving $8 billion for Taiwan as if that will do anything to stop a Chinese invasion. Oh, and speaking of Chinese invasions, the Senate also just forced the sale of the China-owned TikTok in the U.S.

    There will be, of course, no change to the invasion at the southern US border because here too Republicans keep folding like cheap lawn chairs to the Democrat ploy to flood the US with illegal aliens who will get free shit for life if only they keep voting for the blue team.

    The bill had broad support in the Senate, with backing from almost all Democrats and a majority of Republicans. Several Republicans who had opposed an earlier iteration of the package, which came after a failed push to attach it to a border-policy overhaul, switched their vote to support Tuesday’s bill. The breakdown of the votes is as follows:

    GOP NO VOTES:

    • Barrasso
    • Blackburn
    • Braun
    • Budd
    • Cruz
    • Hagerty
    • Hawley
    • Johnson
    • Lee
    • Lummis
    • Marshall
    • Rubio
    • Scott (FL)
    • Schmitt
    • Vance  

    DEM NO VOTES:

    • Merkley
    • Sanders
    • Welch

    The vote brought to a close months of pointless sound and fury, and endless debate over Ukraine, that allegedly split the Republican Party,  with rank-and-file members openly rebelling against their leaders, who succeeded in outdemocrating the democrats.

    Biden, McConnell, Schumer, Johnson, and major media players are taking a victory lap over pushing through an additional $61 billion in funding from struggling taxpayers as year 3 of the Ukraine proxy war begins. They want to own this and absolutely should be forced to own this.

    — Mollie (@MZHemingway) April 24, 2024

    The theatrical "fight" also called into question both how far the US would go to defend Ukraine, now in the third year of trying to repel Russia’s invasion, as well as America’s leadership role in the world, once the latest rescue funding is exhausted in a few months, which it will be, with the Ukraine having made zero progress in its war with Russia.

    The measure passed the House on Saturday and now goes to President Biden’s desk. Biden, who has been pushing for a big foreign-aid package since the fall, said he would quickly sign the measure into law Wednesday.

    President Biden on Senate’s passage of $95 billion aid package with funding for Ukraine, Israel and Taiwan: “I will sign this bill into law and address the American people as soon as it reaches my desk tomorrow so we can begin sending weapons and equipment to Ukraine this week.” pic.twitter.com/eOAbtzNqWq

    — Joey Garrison (@joeygarrison) April 24, 2024

    As broken down below, the measure contains money for Ukraine, Israel and Taiwan, as well as humanitarian aid for Gaza—largely matching an earlier Senate bill—plus additions made by the House, such as sanctions on Russia and Iran and the TikTok provision. Leaders in the GOP-controlled House also changed roughly $9.5 billion in economic aid to Ukraine into forgivable loans rather than grants, to make it more politically palatable to Republicans, as if Ukraine will ever repay anything.

    Senate Majority Leader Chuck Schumer (D., N.Y.) credited the White House as well as Republicans who backed Ukraine for advancing the measure, noting that House Speaker Mike Johnson (R., La.) put his political future on the line when he moved forward with the package.

    “In a resounding bipartisan vote, the relentless work of six long months has paid off,” Schumer said on the senate floor. In a statement, Biden thanked lawmakers of both parties, saying they answered “history’s call at this critical inflection point” by sending a message to allies and foes about American power.

    And just like that the deeply embedded deep state operative formerly known as the House speaker has become the media's darling overnight:

    All it takes to get the media to change from mocking and reviling you to slobbering you with praise is to do what they want. It only takes $100B and the betrayal of your voters' policy goals, but what are those silly things compared to praise from the media! https://t.co/id0VrzC77D

    — Mollie (@MZHemingway) April 24, 2024

    Of course, while superficially the bill says "aid to Ukraine" where the majority of the money is really going is to the US military industrial complex. As the WSJ reports, the proposal has roughly $60 billion for Ukraine, most of which would flow to the U.S. defense industry for additional weapons such as ammunition and rocket launchers. The new aid comes on top of the more than $100 billion spent on the Defense Industry Kyiv since Russia invaded in February 2022.

    And while most muppets in the House and Senate are clearly in the pocket of the military-industrial complex and the deep state, a few holdouts remains.

    Sen. Eric Schmitt (R., Mo.), who voted against the measure, called the support for Ukraine to defend its borders “an insult to the American people” while the U.S. struggles with an influx of migrants at its own border with Mexico.

    Sen. Ted Cruz (R., Texas) called his opposition to the proposal’s advancement “one of the toughest votes I’ve cast during my years in the Senate,” saying he couldn’t overcome his concern that humanitarian aid would end up in the hands of terrorists, among other worries.

    Others were more "malleable" in their ideological beliefs.

    Sen. Markwayne Mullin (R., Okla.), who switched from voting against the Senate’s aid package in February to supporting the revised version on Tuesday, said that the politics were complicated.   “Our approach this time was to make sure that the politics are set, meaning that President Trump was on board, it’s something that could be passable, it’s something that could be explained,” he said.

    Sen. James Lankford (R., Okla.), who also switched his vote, said he didn’t want to “punish Israel and Ukraine” over the lack of border provisions. Lankford had led a failed bipartisan effort to find a compromise on immigration, which was shot down by Republicans earlier this year as not tough enough.

    Asked why some Senate Republicans were slow to support aid for Kyiv, 3000-year-old Senate mummy Mitch McConnell cited the “demonization of Ukraine” by conservative political commentator Tucker Carlson. “He had an enormous audience, which convinced a lot of rank and file Republicans that maybe this was a mistake,” McConnell said in a press conference. Carlson declined to comment.

    Mummified Mitch also laid blame on former President Donald Trump, Democrats and the border crisis for the amount of time it took to get most Republican lawmakers to acquiesce in continuing to fund the Ukrainian war effort.

    “I think the former president had sort of mixed views on it,” he said of Trump’s position on Ukraine aid. “We all felt that the border was a complete disaster, myself included,” McConnell continued, noting that the attempt earlier this year to attach border security provisions to Ukraine funding required senators to “deal with Democrats … and then a number of our members thought it wasn’t good enough.”

    “And then our nominee for president didn’t seem to want us to do anything at all,” McConnell said. “That took months to work our way through it.”

    Last but not least, the bill also starts the clock on TikTok’s Chinese-controlled owner ByteDance to find a new owner for the video app in the U.S. within a year, or risk a shutdown. But the matter is expected to be decided by the federal courts which means that it will quietly die on some bench in the corrupt US legal system. A court dispute would likely require judges to weigh the national security objectives of the ban against the First Amendment rights of TikTok and its users.

    Tyler Durden Wed, 04/24/2024 - 05:58
  44. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Meet The New ETFs That Are Offering '100% Downside Protection'

    If 100% downside protection is the norm for banks that are too big to fail on Wall Street, why shouldn't it be for everyday investors?

    This is the question that a number of ETF innovators are apparently asking, as a wave of new ETFs offering '100% downside protection' are getting ready to hit the market, in the push to find the newest ETF fad. 

    After all, something has to replace all of the ESG ETFs that have shuttered in the last year.

    Calamos Investments has introduced new exchange-traded funds offering partial returns tracking the S&P 500, Nasdaq 100, and Russell 2000, coupled with complete downside protection through derivatives, Bloomberg reported this week.

    The inaugural ETF, Calamos S&P 500 Structured Alt Protection ETF, aims to mirror the SPDR S&P 500 ETF Trust's price returns up to a 9.65% cap.

    Full protection requires purchasing the ETF on its launch day, May 1, 2024, and maintaining the investment until April 30, 2025. This ETF, and others soon to be launched, will use call and put options to manage market volatility, though their effectiveness in fully safeguarding against losses is not guaranteed.

    Matt Kaufman, head of ETFs at Calamos commented: “With risk-free rates north of 5% today, options-based product issuers are able to deliver meaningful upside participation with 100% capital protection."

    He continued: "For those issuing ‘protective’ products, the cost of hedging by selling an option — or series of options — to offset the premium to buy a protective put becomes cheaper as rates rise.”

    Issuers are launching funds that blend equity exposure with downside protection amid fluctuating interest rates, Bloomberg writes

    For example, the Innovator Equity Defined Protection ETF, launched in July, has amassed $230 million by offering complete downside protection over two years. BlackRock, the top ETF issuer globally, is also proposing similar funds.

    Unlike earlier "buffer ETFs" introduced in 2018 that protect against initial losses up to a point (such as the first 10%), these new funds from Calamos offer less upside potential but greater downside security.

    Kaufman concluded: “For people as they age, nearing retirement — they can’t afford the significant drawdowns of the market, but they also can’t afford to not be in the market. So this gives them an opportunity.”

    Tyler Durden Wed, 04/24/2024 - 05:45
  45. Site: Real Investment Advice
    1 week 3 days ago
    Author: Michael Lebowitz

    Most NFL general managers (GMs) are optimistic and displaying overconfidence today as they prepare for tomorrow’s NFL draft. The draft is a once-a-year opportunity for GMs to acquire talent.

    Like investors, GMs often think they are smarter than their competitors, aka the market. Yet, they frequently have similar mindsets and follow the same narratives that drive their competition.   

    As we will share, overconfidence and groupthink among football GMs and investors are behavioral flaws that often harm performance. Having the tools and strategies to mitigate our behavioral traits is extremely valuable and can lead you to better returns.

    Overconfidence In The NFL

    Four of the first five picks in the draft are expected to be quarterbacks. Not only is the quarterback the most important position on the field but this year’s draft is hyped as having several future greats.

    Based on data from Warren Sharp, an NFL analyst, most of the quarterbacks taken in the early rounds will be average. His Fox Sports article entitled The success rate of first round QBs makes Lamar Jackson’s case for him, quantifies just how poor the odds are of drafting the next Super Bowl-winning quarterback. 

    There have been 38 quarterbacks drafted in the first round since 2011, the year the NFL changed the collective bargaining agreement.

    These 38 first-round quarterbacks have made a total of 1,909 starts. Their record? 1034-1035-7.

    He claims that of those 38 quarterbacks, only one, Patrick Mahomes, has won a Super Bowl. Furthermore, of the 28 from that group who are no longer on their initial contracts, the average time they were a starter was a mere 3.4 years.

    Despite the proven mediocrity of quarterbacks taken in the first round, we have little doubt that overconfidence will be on full display by the GMs drafting quarterbacks with their top picks after they make their selections.

    Groupthink In The NFL

    This behavioral trait arises when people seeking conformity think and act similarly. Typically, groups reach a consensus opinion without proper evaluation and with minimal alternative viewpoints.

    For instance, it is widely accepted that the four quarterbacks likely to go in the top five, Williams, Daniels, Maye, and McCarthy, will be excellent pros. Most NFL analysts offer differences between the quarterbacks but praise the physical and mental traits they believe will make them NFL starts. Very few analysts have poor ratings on any of those four quarterbacks.

    Choosing one of the four quarterbacks is comforting. Simply, GMs have cover if their pick is a dud. Who could have known? Every expert thought he would be a superstar!

    Ad for financial planning services. Need a plan to protect your hard earned savings from the next bear market? Click to schedule your consultation today.

    Investor Overconfidence And Groupthink

    Replace players with investment ideas and GMs with investors. The overconfidence and groupthink mentality impacting GM draft day decisions are similar to those investors always face.

    We quantified the odds of GMs picking above-average quarterbacks earlier. Per DFA Funds, the odds of an investor outperforming the market are even more daunting.

    We saw from the data above that an investor has about a 75% chance of underperforming the market in any given year, which means you have a 25% chance of beating the market in any given year.

    The message to take away from that statistic is to leave your confidence at the door!

    Regarding groupthink, most investors, like GMs, find comfort in knowing that many other investors are doing the same thing. Market narratives are a form of groupthink. Narratives help explain market movements and trends. Often, a narrative develops after a trend has started. In other words, rightly or wrongly, the narrative is the rationale.

    Today, narratives appear to be quicker to form and longer lasting. Maybe the advent of social media has allowed for their quicker dissemination and growth.

    Narratives describe the mindset of a group of investors. When you unknowingly invest based on a narrative, you are likely setting yourself up for failure.

    Strategies To Combat Behavioral Traits

    Appreciating that GMs have a one in three chance of successfully using a precious top-five draft pick on a quarterback or that only a quarter of investors will beat the market, we best have tools to manage our behavioral traits and improve our odds of success.

    Zig

    Warren Sharp advises GMs to “zig while others zag.”

    To zig is to have a contrarian mindset. For instance, it’s important for your portfolio to have popular stocks leading the market higher. But at the same time, understand that confidence can wane quickly, and a new set of stocks will take the throne soon enough. Don’t overstay your welcome in a narrative.

    It wasn’t that long ago that the Magnificent Seven stocks were all the rage. Their returns handily beat almost every stock and index. Holding a meaningful subset of the seven stocks was vital to keep up with the broad market indexes. However, the Magnificent Seven’s period of outperformance has either ended or is on pause. But, the narrative still thrives, and whether it’s already happening or will occur shortly, investing in the aged groupthink will catch many investors offside.

    the magnificent seven versus the market Ad for The Bull/Bear Report by SimpleVisor. The most important things you need to know about the markets. Click to subscribe.

    Take Profits 

    It’s hard to sell when others are buying. Still, when the narrative-driven stocks fall out of favor, the prior profits and reduced position sizes will bolster returns and lessen the risk of underperforming the market.

    Appreciating what the market, and not popular narratives, tell you is equally vital. For instance, have you noticed that utilities and energy are the best-performing sectors lately? Those solely holding the Magnificent Seven and neglecting other sectors are falling behind.

    The SimpleVisor table below shows the relative performance of the Magnificent Seven stocks and XLU, the utility ETF, versus the S&P 500 over various time frames. Other than NVDA, most of the seven have been underperforming the market as of late. Also, the once poorly performing utility sector has been beating the market for the last 45 days. Selling the Magnificent Seven 45 days ago to buy utilities would go against groupthink, but it was a smart call.

    simplevisor magnificent seven returns investors

    Appreciate Your Options

    The GMs with the top five picks have a precious option. Instead of picking a quarterback with limited odds of success, they can trade the pick to another team. In exchange, they might receive multiple high-level draft picks, boosting the odds of success.

    Other positions in the NFL draft have much better success rates than quarterbacks. If a GM can set aside their confidence in their ability to pick the right quarterback, they can increase the odds that they could easily land at least two very good players and possibly a pro bowler. Maybe they can even use one of the picks to get a quarterback in the later rounds. Let’s not forget Brock Purdy, the San Francisco quarterback who led the 49ers to the Superbowl, was Mr. Irrelevant, the last person taken in the draft.

    Investors have options, too. Many stocks, sectors, and factors will likely outperform the market but do not fit the narrative du jour. While buying what others aren’t may be uncomfortable, it may be more profitable.

    The other lesson is to diversify. Putting most of your eggs in one basket can significantly impact your relative performance. You will underperform if you are proven wrong, as is most common.

    Let Winners Run

    One of the most popular Wall Street sayings is, “Cut your losses short and let your winners run.”

    If our chances of beating the market are one in four, doesn’t it make sense to trade your portfolio actively? Many investors do the opposite. Their confidence and the attraction of groupthink keep them in underperforming stocks. At the same time, alternative stocks that are less followed may be the best bets.

    It can be appropriate and profitable at times to follow the crowd. However, at all costs, don’t ignore alternative views.

    Ad for SimpleVisor. Get the latest trades, analysis, and insights from the RIA SimpleVisor team. Click to sign up now.

    Summary

    We risk underperforming the market by falling victim to our natural behavioral traits. Therefore, we owe it to ourselves to entertain and understand alternative views. As odd as it may seem these days, we need to watch FOX News and read the New York Times. We must challenge ourselves to understand better things that may not be comfortable.

    Seek out and study the views of others with whom you disagree. By better understanding opposing opinions, you will strengthen your existing views or better recognize flaws in your current logic. Either way, an investment thesis is better for it.

    Most importantly, remember that you are only human. The Patrick Mahomes of the investment world are few and far between. At times, overconfidence is a good trait, but it can also be a critical flaw.

    The post Overconfidence In NFL Drafts: A Lesson For Investors appeared first on RIA.

  46. Site: Fr Hunwicke's Mutual Enrichment
    1 week 3 days ago
    So Thomas Blackburn iniquitously secreted away alabaster tablets within Ripon church; subsequently, he denied having removed them from the church! Which, obviously, was true! It was recorded in 1871 that, during alterations within the choir, three of the alabasters were found: a statue of a bishop (may we nominate dear S Wilfrid?), and two tablets, respectively of the Resurrection and of theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com0
  47. Site: Crisis Magazine
    1 week 3 days ago
    Author: Michael Ippolito

    The dropping of the atomic bomb was evil. For the average conservative commentator, this comment automatically causes a knee-jerk reaction with the same old platitudes. For decades, the American Right has been the defender of our usage of the atomic bomb, with either “it saved more American lives” or “it was the lesser of two evils” being some of the strongest candidates.

    Source

  48. Site: Crisis Magazine
    1 week 3 days ago
    Author: Tim Murphy, Ph.D.

    Beneath the papal altar in St. Peter’s Basilica in Rome, among the grottos and tombs, is the chapel of the Madonna della Bocciata. Inspiring. Revered. But often overlooked. Few of the five million annual Vatican visitors venture down the steps to tour the grottos, and of those that do, many miss the fresco of the Madonna placed there in the 1600s. Painted by Pietro Cavallini (c. 1250-1330)…

    Source

  49. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    AI Chatbots Refuse To Produce 'Controversial' Output - Why That's A Free Speech Problem

    Authored by Jordi Calvet-Bademunt and Jacob Mchangama via TheConversation.com,

    Google recently made headlines globally because its chatbot Gemini generated images of people of color instead of white people in historical settings that featured white people. Adobe Firefly’s image creation tool saw similar issues. This led some commentators to complain that AI had gone “woke.” Others suggested these issues resulted from faulty efforts to fight AI bias and better serve a global audience.

    The discussions over AI’s political leanings and efforts to fight bias are important. Still, the conversation on AI ignores another crucial issue: What is the AI industry’s approach to free speech, and does it embrace international free speech standards?

    We are policy researchers who study free speech, as well as executive director and a research fellow at The Future of Free Speech, an independent, nonpartisan think tank based at Vanderbilt University. In a recent report, we found that generative AI has important shortcomings regarding freedom of expression and access to information.

    Generative AI is a type of AI that creates content, like text or images, based on the data it has been trained with. In particular, we found that the use policies of major chatbots do not meet United Nations standards. In practice, this means that AI chatbots often censor output when dealing with issues the companies deem controversial. Without a solid culture of free speech, the companies producing generative AI tools are likely to continue to face backlash in these increasingly polarized times.

    Vague and broad use policies

    Our report analyzed the use policies of six major AI chatbots, including Google’s Gemini and OpenAI’s ChatGPT. Companies issue policies to set the rules for how people can use their models. With international human rights law as a benchmark, we found that companies’ misinformation and hate speech policies are too vague and expansive. It is worth noting that international human rights law is less protective of free speech than the U.S. First Amendment.

    Our analysis found that companies’ hate speech policies contain extremely broad prohibitions. For example, Google bans the generation of “content that promotes or encourages hatred.” Though hate speech is detestable and can cause harm, policies that are as broadly and vaguely defined as Google’s can backfire.

    To show how vague and broad use policies can affect users, we tested a range of prompts on controversial topics. We asked chatbots questions like whether transgender women should or should not be allowed to participate in women’s sports tournaments or about the role of European colonialism in the current climate and inequality crises. We did not ask the chatbots to produce hate speech denigrating any side or group. Similar to what some users have reported, the chatbots refused to generate content for 40% of the 140 prompts we used. For example, all chatbots refused to generate posts opposing the participation of transgender women in women’s tournaments. However, most of them did produce posts supporting their participation.

    Freedom of speech is a foundational right in the U.S., but what it means and how far it goes are still widely debated.

    Vaguely phrased policies rely heavily on moderators’ subjective opinions about what hate speech is. Users can also perceive that the rules are unjustly applied and interpret them as too strict or too lenient.

    For example, the chatbot Pi bans “content that may spread misinformation.” However, international human rights standards on freedom of expression generally protect misinformation unless a strong justification exists for limits, such as foreign interference in elections. Otherwise, human rights standards guarantee the “freedom to seek, receive and impart information and ideas of all kinds, regardless of frontiers … through any … media of … choice,” according to a key United Nations convention.

    Defining what constitutes accurate information also has political implications. Governments of several countries used rules adopted in the context of the COVID-19 pandemic to repress criticism of the government. More recently, India confronted Google after Gemini noted that some experts consider the policies of the Indian prime minister, Narendra Modi, to be fascist.

    Free speech culture

    There are reasons AI providers may want to adopt restrictive use policies. They may wish to protect their reputations and not be associated with controversial content. If they serve a global audience, they may want to avoid content that is offensive in any region.

    In general, AI providers have the right to adopt restrictive policies. They are not bound by international human rights. Still, their market power makes them different from other companies. Users who want to generate AI content will most likely end up using one of the chatbots we analyzed, especially ChatGPT or Gemini.

    These companies’ policies have an outsize effect on the right to access information. This effect is likely to increase with generative AI’s integration into searchword processorsemail and other applications.

    This means society has an interest in ensuring such policies adequately protect free speech. In fact, the Digital Services Act, Europe’s online safety rulebook, requires that so-called “very large online platforms” assess and mitigate “systemic risks.” These risks include negative effects on freedom of expression and information.

    Jacob Mchangama discusses online free speech in the context of the European Union’s 2022 Digital Services Act.

    This obligation, imperfectly applied so far by the European Commission, illustrates that with great power comes great responsibility. It is unclear how this law will apply to generative AI, but the European Commission has already taken its first actions.

    Even where a similar legal obligation does not apply to AI providers, we believe that the companies’ influence should require them to adopt a free speech culture. International human rights provide a useful guiding star on how to responsibly balance the different interests at stake. At least two of the companies we focused on – Google and Anthropic – have recognized as much.

    Outright refusals

    It’s also important to remember that users have a significant degree of autonomy over the content they see in generative AI. Like search engines, the output users receive greatly depends on their prompts. Therefore, users’ exposure to hate speech and misinformation from generative AI will typically be limited unless they specifically seek it.

    This is unlike social media, where people have much less control over their own feeds. Stricter controls, including on AI-generated content, may be justified at the level of social media since they distribute content publicly. For AI providers, we believe that use policies should be less restrictive about what information users can generate than those of social media platforms.

    AI companies have other ways to address hate speech and misinformation. For instance, they can provide context or countervailing facts in the content they generate. They can also allow for greater user customization. We believe that chatbots should avoid merely refusing to generate any content altogether. This is unless there are solid public interest grounds, such as preventing child sexual abuse material, something laws prohibit.

    Refusals to generate content not only affect fundamental rights to free speech and access to information. They can also push users toward chatbots that specialize in generating hateful content and echo chambers. That would be a worrying outcome.

    Tyler Durden Wed, 04/24/2024 - 05:00
  50. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    AI Chatbots Refuse To Produce 'Controversial' Output - Why That's A Free Speech Problem

    Authored by Jordi Calvet-Bademunt and Jacob Mchangama via TheConversation.com,

    Google recently made headlines globally because its chatbot Gemini generated images of people of color instead of white people in historical settings that featured white people. Adobe Firefly’s image creation tool saw similar issues. This led some commentators to complain that AI had gone “woke.” Others suggested these issues resulted from faulty efforts to fight AI bias and better serve a global audience.

    The discussions over AI’s political leanings and efforts to fight bias are important. Still, the conversation on AI ignores another crucial issue: What is the AI industry’s approach to free speech, and does it embrace international free speech standards?

    We are policy researchers who study free speech, as well as executive director and a research fellow at The Future of Free Speech, an independent, nonpartisan think tank based at Vanderbilt University. In a recent report, we found that generative AI has important shortcomings regarding freedom of expression and access to information.

    Generative AI is a type of AI that creates content, like text or images, based on the data it has been trained with. In particular, we found that the use policies of major chatbots do not meet United Nations standards. In practice, this means that AI chatbots often censor output when dealing with issues the companies deem controversial. Without a solid culture of free speech, the companies producing generative AI tools are likely to continue to face backlash in these increasingly polarized times.

    Vague and broad use policies

    Our report analyzed the use policies of six major AI chatbots, including Google’s Gemini and OpenAI’s ChatGPT. Companies issue policies to set the rules for how people can use their models. With international human rights law as a benchmark, we found that companies’ misinformation and hate speech policies are too vague and expansive. It is worth noting that international human rights law is less protective of free speech than the U.S. First Amendment.

    Our analysis found that companies’ hate speech policies contain extremely broad prohibitions. For example, Google bans the generation of “content that promotes or encourages hatred.” Though hate speech is detestable and can cause harm, policies that are as broadly and vaguely defined as Google’s can backfire.

    To show how vague and broad use policies can affect users, we tested a range of prompts on controversial topics. We asked chatbots questions like whether transgender women should or should not be allowed to participate in women’s sports tournaments or about the role of European colonialism in the current climate and inequality crises. We did not ask the chatbots to produce hate speech denigrating any side or group. Similar to what some users have reported, the chatbots refused to generate content for 40% of the 140 prompts we used. For example, all chatbots refused to generate posts opposing the participation of transgender women in women’s tournaments. However, most of them did produce posts supporting their participation.

    Freedom of speech is a foundational right in the U.S., but what it means and how far it goes are still widely debated.

    Vaguely phrased policies rely heavily on moderators’ subjective opinions about what hate speech is. Users can also perceive that the rules are unjustly applied and interpret them as too strict or too lenient.

    For example, the chatbot Pi bans “content that may spread misinformation.” However, international human rights standards on freedom of expression generally protect misinformation unless a strong justification exists for limits, such as foreign interference in elections. Otherwise, human rights standards guarantee the “freedom to seek, receive and impart information and ideas of all kinds, regardless of frontiers … through any … media of … choice,” according to a key United Nations convention.

    Defining what constitutes accurate information also has political implications. Governments of several countries used rules adopted in the context of the COVID-19 pandemic to repress criticism of the government. More recently, India confronted Google after Gemini noted that some experts consider the policies of the Indian prime minister, Narendra Modi, to be fascist.

    Free speech culture

    There are reasons AI providers may want to adopt restrictive use policies. They may wish to protect their reputations and not be associated with controversial content. If they serve a global audience, they may want to avoid content that is offensive in any region.

    In general, AI providers have the right to adopt restrictive policies. They are not bound by international human rights. Still, their market power makes them different from other companies. Users who want to generate AI content will most likely end up using one of the chatbots we analyzed, especially ChatGPT or Gemini.

    These companies’ policies have an outsize effect on the right to access information. This effect is likely to increase with generative AI’s integration into searchword processorsemail and other applications.

    This means society has an interest in ensuring such policies adequately protect free speech. In fact, the Digital Services Act, Europe’s online safety rulebook, requires that so-called “very large online platforms” assess and mitigate “systemic risks.” These risks include negative effects on freedom of expression and information.

    Jacob Mchangama discusses online free speech in the context of the European Union’s 2022 Digital Services Act.

    This obligation, imperfectly applied so far by the European Commission, illustrates that with great power comes great responsibility. It is unclear how this law will apply to generative AI, but the European Commission has already taken its first actions.

    Even where a similar legal obligation does not apply to AI providers, we believe that the companies’ influence should require them to adopt a free speech culture. International human rights provide a useful guiding star on how to responsibly balance the different interests at stake. At least two of the companies we focused on – Google and Anthropic – have recognized as much.

    Outright refusals

    It’s also important to remember that users have a significant degree of autonomy over the content they see in generative AI. Like search engines, the output users receive greatly depends on their prompts. Therefore, users’ exposure to hate speech and misinformation from generative AI will typically be limited unless they specifically seek it.

    This is unlike social media, where people have much less control over their own feeds. Stricter controls, including on AI-generated content, may be justified at the level of social media since they distribute content publicly. For AI providers, we believe that use policies should be less restrictive about what information users can generate than those of social media platforms.

    AI companies have other ways to address hate speech and misinformation. For instance, they can provide context or countervailing facts in the content they generate. They can also allow for greater user customization. We believe that chatbots should avoid merely refusing to generate any content altogether. This is unless there are solid public interest grounds, such as preventing child sexual abuse material, something laws prohibit.

    Refusals to generate content not only affect fundamental rights to free speech and access to information. They can also push users toward chatbots that specialize in generating hateful content and echo chambers. That would be a worrying outcome.

    Tyler Durden Wed, 04/24/2024 - 05:00

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