More importantly, what's your take? — jorndoe
Ah. I don't think Fannie and Freddie caused the 2008 crisis, though. It was derivatives, right? — frank
It was a lot of things, a real witches brew. The derivatives were a major issue, but it was the entire structure of the US housing and lending market that led to the explosion of derivatives in the first place. You can add in the rating agencies too. But part of the reason that the ratings agencies, pension funds, etc. didn't worry as much as they should have is the idea of the implicit state backing for loans made by the parastatals. — Count Timothy von Icarus
Nope. It wasn't government run banks that made the 2008 financial crisis. Ninja-loans happened because of the twisted incentives in the market like the other reasons for the excessive mortgage lending (like MBS etc). A very classic speculative bubble.But at least part of the 2008 financial crisis was due to the perverse incentives faced by massive government run banks, and America's student loan crisis shows how these sorts of problems are not easily dealt with. — Count Timothy von Icarus
Oh, those will surely go. But that won't do it. Sooner or later will come a hickup in the form of a crisis. US administrations just push it forward and hope a crisis doesn't happen on their watch.There is zero chance that DOGE / Musk will go after United Health Care, et al. The sort of government spending that will be sacrificed are USAID, Corporation for Public Broadcasting, National Public Radio, National Endowment for the Humanities. The Library of Congress? How many congressmen ever check out books there, anyway? Sell it to Amazon! — BC
This will only happen through a crisis. And that crisis will happen through the markets, or as the classic political jargon is: the speculators did it and the (add here your enemy that you portray to be behind everything).The size of the national debt does concern me. I understand that deficit spending keeps the economy afloat, particularly, consumption.
people do consume a lot; I do my part. It's good for the economy. BUT if we wanted to tighten our belts and spend less on consumption and spend more on national debt reduction, where could we save a significant amount of money??? — BC
US aid has also played a critical role in managing Al-Hol and Al-Roj camps in northeast Syria, which house over 46,000 displaced individuals—primarily women and children—from former Islamic State of Islamic State of Iraq and al-Sham (ISIS) territories. Essential water and sanitation services managed by US-funded humanitarian staff were suddenly suspended, placing camp residents at greater risk of lack of access to safe drinking water, as well as water and vector-borne disease spread. Also alarming was the effect of the sudden pause on funding that contributes to the security and administrative management of major detention facilities holding close to ten thousand ISIS fighters in these areas, which raised concerns among counterterrorism officials about mass prison breaks and a potential ISIS resurgence.
That's why independent inspector generals would be a problem, as you said.But that is not what is happening. This is like the US equivalent of Krystalnacht. — Wayfarer
What in the WW2 example is usually forgotten is that huge change that happened of one spending totally ending, fighting the war, that opened another type of spending and demand. For example the US autoindustry stopped making cars for the public and transfered everything to making tanks actually earlier than Nazi Germany did such move! Private demand was curbed and limited, all that debt that people willingly bought war bonds went to military production of bombs and tanks. Which then totally ended once the war was over, and the millions in the armed forces went back to civilian life.Can this be done, difficult as it is? Sure -- it just won't be done, in all likelihood. — BC

He will start to insist on the actions he talks about. No way to avoid that. This is why we will have the trade war. Rubio, clearly a normal Republican politician with a sane mind, will likely be pushed out at some time.What I think might bring Trump down is what I'm expecting him to deliver: an economic mess (if not catastrophe, and let's hope not). He still thinks, to this day, that the Chinese pay the American tarrifs on their exports and nobody can persuade him otherwise. He lives in an alternative reality, one devoid of fact, but the unfortunate thing is that tens of millions of people have decided to join him there. — Wayfarer
PANAMA CITY, Feb 2 (Reuters) - U.S. Secretary of State Marco Rubio on Sunday warned Panama's President Jose Raul Mulino that Washington will "take measures necessary" if Panama does not immediately take steps to end what President Donald Trump sees as China's influence and control over the Panama Canal.
Mulino, after the talks with the top U.S. diplomat in Panama City, signaled he would review agreements involving China and Chinese businesses, and announced further cooperation with the U.S. on migration, but reiterated that his country's sovereignty over the world's second busiest waterway is not up for discussion.
Secretary of State Marco Rubio met with Panamanian President José Raúl Mulino and Foreign Minister Javier Martínez-Acha today in Panama City to address critical regional and global challenges. Secretary Rubio informed President Mulino and Minister Martínez-Acha that President Trump has made a preliminary determination that the current position of influence and control of the Chinese Communist Party over the Panama Canal area is a threat to the canal and represents a violation of the Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal. Secretary Rubio made clear that this status quo is unacceptable and that absent immediate changes, it would require the United States to take measures necessary to protect its rights under the Treaty.
Secretary Rubio also emphasized the importance of collaborative efforts to end the hemisphere’s illegal migration crisis and thanked President Mulino for his support of a joint repatriation program, which has reduced illegal migration through the Darien Gap. The Secretary underscored the desire for an improved investment climate and ensuring a level playing field for fair competition by U.S. firms. The Secretary also praised President Mulino’s regional leadership in support of a democratic, free Venezuela.
Secretary Rubio expressed his gratitude for the productive discussion and underscored the United States’ dedication to making both nations safer, stronger, and more prosperous. He noted this meeting marks an important step in reinvigorating the strategic relationship between the United States and Panama, in line with President Trump’s vision.

As I've stated again and again. Elon Musk will be the most hated man in the US in the future. You see, it will be alright for the South African born billionaire to be hated even by the Trump crowd, as God-Emperor Trump cannot do anything else than his genius blessed acts. But Elon can go. Because this won't end happily, really. The man is bouncing too hard here and there.Anyone else? Surely there must be an alarm bell ringing somewhere about this? — Wayfarer
You are wrong, at least in my opinion. The history wasn't like that. Believe or not, but Lapland was very much uninhabited and is still quite uninhabited. The population density is similar to Santa Cruz province in Argentina or to Alaska. The Sámi people have basically grown in size and actually the number of people speaking Sámi as mother tongue have increased.It seems to me that their small population is due to the fact that their ancestors were forcefully assimilated into the nation-states of Scandinavia, but I could be wrong. — Arcane Sandwich
Well, the domestication of the reindeer happen in historic times, in the late Middle Ages. I think it was first the Norwegians that domesticated mountain reindeer. The Sámi adapted to this, but also other Lapplanders too. Usually domestication of wild animals, if you can call that about herds that freely walk around tundra, has happened far more earlier.You say that as if it happened last Monday or something. — Arcane Sandwich
Well, racist ideologies don't need any logic and there isn't logic. Europeans have been racist towards each other, not only other people.It doesn't seem that the issue here is about having white skin, blond hair and blue eyes. — Arcane Sandwich
Yes. Indeed those kind of ideas were popular during the era of nationalism and the classic racism that eugenics promoted. Wildly popular in Sweden. Yet in fact the opposite happened what you think. This made Sámi identity more evident. In 1917 there was held the first congress of the Sami people in Norway because of the actions of the Norwegian government. Similar "national consciousness" didn't rise in Finland then, because there wasn't much if any tensions between Sámi and other Lapplanders. Or there simple wasn't enough activists.The Sámi have a culture that has been deemed primitive or inferior in some sense, in relation to the modern nation states of Norway, Sweden, Finland, etc., which is why those countries carried out policies to assimilate them in a cultural sense. — Arcane Sandwich
Fascist? Again an awkward use of the term fascism. It's basically eugenics and racist ideas, not fascism. Sweden or Norway (or Finland) weren't fascist states.Would it be fair to say that Norway and Sweden (and to a lesser extent, Finland) carried out fascist policies against the Sámi people? Maybe there's few native people today in Lapland because those are the ones that weren't forcefully assimilated. — Arcane Sandwich
Yeah. Peace with Israel has continued without Islamists taking over. So?and look how that has turned out. — NOS4A2
He sure did. — NOS4A2
(See here)What role does Canada play in the U.S. fentanyl supply?
Almost none. In its fact sheet, the Trump administration says Canada has a "growing footprint" in narcotics distribution with Mexican cartels active in the country. But law enforcement and drug policy experts agree that Canada plays a minimal role in fentanyl smuggling into the U.S.
Imagine the actual consequences in Africa and the Middle East. So you stop vaccination programs in Afrinca? Ok. Any thought about the consequences on that? So you basically stop the education department in Jordan? Ok. If people don't know, the US supports directly the Jordanian government:Imagine the predicament of those staffers, many of whom have dedicated their lives to the welfare of their recipient states and nations, who's entire careers are now being ended under the MAGA jackboots. — Wayfarer
The new MOU is subdivided into four baskets of funds, including $610 million in Economic
Support Funds (ESF) for direct U.S. budget support for the Jordanian government—the most of any country worldwide; $400 million in Foreign Military Funds (FMF) for Jordanian Armed
Forces to procure U.S. equipment; $350 million in ESF for USAID programming; and $75
million in “incentive” ESF to support Jordanian economic and public sector reforms.
Lol. Nope, hopefully not. And those smart lefties here on this forum won't defend the Soviet Union or Marxism-Leninism either. They might be not as hostile and will note some positive aspects, but in general they do use their brains and don't just loyally support something religiously.Are you expecting me to defend Maduro? I'm not quite getting what it is that you expect from me. — Arcane Sandwich
Oh no! On the contrary. Read some Lenin and you can see the populist elements in bolshevism and in Marxism-Leninism. Imperial Russia wasn't obviously a democracy, but right from the start democracy wasn't something that the leftist revolutionaries had in mind. After all, the dictatorship of the Proletariat isn't in any way "democratic" with it's class enemies and violent revolution against the capitalists.So there's no such thing as left-wing populism, in your view? It's always right-wing populism? — Arcane Sandwich
Yes, it can lead. Best example of left-wing populism is Venezuela. Would that be a fascist state? Democracy isn't working there. But hey! Maduro is happily taking back Venezuelan illegals from the US and Venezuelan oil isn't under the Trump tariffs (yet).Or are you saying that both left-wing and right-wing populisms lead to fascism? — Arcane Sandwich
Kash Patel in his confirmation hearing of the Senate Judiciary Committee naturally had no idea of the insurrectionist that had pleaded guilty and now were pardoned. And simply wouldn't reply on who he will be going after. But if he gets to be the FBI director, nobody will be as loyal and a willing bulldog for Trump. Until when Trump is disappointed at him when he cannot give everything Trump wants.The second development is Trump's demands for a list of all the FBI agents that worked on the Jan 6th insurrection and stolen documents cases. It seems many hundreds or even thousands of individuals could be fired or demoted for doing their jobs, following the exoneration pardoning of hundreds of insurrectionist police-bashers. — Wayfarer
And here's why populism leads to fascism: by emphasizing the divide between the rulers and the "ordinary people" and stating that key societal problems are because of the rulers, populism can easily descend into fascism as populism embraces strong leaders, wants to take the power away form the real or many times imagined "elite" and replace it with the movements followers, who will follow their leader. Above all, fascism opposes democracy and democratic system where decisions have to be negotiated with other political factions. It sees democracy as the reason for corruption. Also this leads to a command economy, because the leader has to be in charge of everything.Indeed. The fascist appeals to the irrational sentiments of his followers. He riles them up with vitriolic rhetoric about some other group of people who, for some reason, must take the blame for every key societal problem. — Arcane Sandwich
Schiff pushed back on that notion, warning that “if we don’t have good and independent inspector generals, we are going to see a swamp refill.”
He added, “It may be the president’s goal here ... to remove anyone that’s going to call the public attention to his malfeasance.”
What do you know, nuclear deterrence works.Only if it's a realistic possibility, which it isn't. The US and Europe are and never were going to risk WW3 over Ukraine. — Tzeentch
All I'm saying that this is quite similar as many other reasons given for conflicts. I agree that it's totally unfruitful to ponder who is right and wrong. The fact is that Jews moved into Israel and established their state on a former British mandate that earlier was part of the Ottoman Empire. That there is no will (on both sides, I guess) to assimilate the population that lived there causes a problem.Unfortunately it’s very much different, Jews can hold Samaria, Judea and Jerusalem their “native” land given their culturale heritage. — neomac
It really isn't so different. It's just marketed as such.The Israeli-Palestinian conflict is about conflicting claims over the same “native” land, re-location of people and colonization. — neomac
Of course. And the real issue perhaps is how not only does the "Overton Window" of what is acceptable change, a lot of policies can have a surprising effect. When Trump declares that he wants to increase the territory of the US and doesn't rule out military action either in Panama or against an ally, this can have the effect that it undermines the whole internationally based order system and the UN charter. Might makes right is the outcome, if the international order based structures fall.Hope you're right. But he could do a lot less than the most dire, and still be dire. Consider what is within his power, a misjudgement in an international economic or military crisis could be *extremely* dire. — Wayfarer
As he is the head of the executive branch, I guess that is called self-loathing then.He hates Government, and he's in an ideal place to disable it. — Wayfarer
I guess that the reasoning of remember 10/7 will have the lifespan as 9/11 was the reason for intervening everywhere. About two decades at most.I get it; you don't want to believe that this is the case. It would be too ugly. Many of the 10/7 victims living on those kibbutzim on the border felt the same. We can see the world how we want to, or how it is. — BitconnectCarlos
I'm not following your reasoning here at all. It doesn't make any sense.And while we can invoke national self-determination and statehood to counter imperial ambitions (see Soviet Union and Russia), we can’t do the same when national self-determination and statehood can be achieved only at the expense of other people’s national self-determination and statehood like in Rwanda, Azerbaijan, Yugoslavia. That’s the impasse I was talking about and the reason why the cycle of violence can easily re-emerge, escalate and get vicious. — neomac
They likely would want to come to the US. Still you can "become" American, even if Trump is making a great effort to stop that idea and go with the more traditional nativity. Many of them would even go along with the idea that they would be now Americans and not anymore just Palestinians.I think quite a few Gazans would choose to leave voluntarily if it were purely their own decision and they were promised stability elsewhere. — BitconnectCarlos
Neomac, that is the issue here.Let’s not shift from “sending hundreds of thousands of Palestinians in different neighbouring charitable and brotherly muslim-arab countries” to “forced removal of people”, — neomac
Lol.Appeal to national self-determination and national statehood historically emerged and worked better at time of empires. But neither Palestine nor Israel (however shaped as a colonialist project in modern times) are empires. That’s also why comparisons to Stalin’s Russia (which actually deported Crimean Tatars) or Putin’s Russia (which actually deported Ukrainians), both motivated by imperialist ambitions, aren’t as compelling as you think. — neomac
If both sides would want genuine peace, yes. But they don't. The Likud wants a victory over the Palestinians, Israel being from the river to the sea without any Palestinian entity between it. And they believe that they are succeeding in this. And why not. There seem to be no actual negative things for this as Bibi only needs Trump's ear. Europe doesn't matter at all and China isn't interested.Are there more desirable outcomes? — neomac
These kind of statistics were given and noticed in Brexit, btw, when people started looking at what the Poles and other EU-citizens were doing in the UK."More than two-thirds of U.S. crop workers are foreign born, according to the USDA. Many of them came to the country through the H-2A visas, but officials estimate that 42% of the workers are undocumented migrants." -- https://www.cbsnews.com/news/trump-deportation-plan-effects-undocumented-farmers/
So the cost of harvesting will increase, and some may not get harvested at all. — Relativist
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
(Alarabiya News/AFP)Far-right Israeli Finance Minister Bezalel Smotrich on Sunday welcomed US President Donald Trump’s idea to “clean out” Gaza by relocating Palestinian residents of the territory to Egypt and Jordan.
I remember someone saying that basically set theory was first seen as a way to finally solve the problematic nature of analysis.This has come up before. There are categories in my own subject of complex analysis, but in order to work with them you need a solid background of complex analysis at the beginning grad level. — jgill
I was a casualty of this "New Math" myself: on first grade they really started with set theory and believe me, for a first grader, it was indeed confusing. The old style with relating numbers to pieces of apples and toy cars with addition and substraction was far more understandable. I only remember how confusing "union of sets", "set substraction" and "intersection" was back then, because the teacher didn't give us any hint that somehow this was related to the old school addition and substraction. I also remember my grandfather and grandmother, both math teachers from my mother's side, having this negative attitude towards the new thing and talking with my parents and my other grandmother, that this is too difficult for a first grader.Category theory seems to be more a graduate school offering, whereas set theory can be presented at a much lower level. However, "New Math" of the 1960s and 1970s flopped when this was tried. Feynman was very critical of the effort. — jgill
Israel's basic paradox is that it would need a strong state capable of defending it's territory (as Egypt and Jordan) in order for there to be peace. These two countries can keep non-state actors out. Lebanon is a perfect example of a weak state incapable of controlling it's borders. Yet as there is no trust or faith in the other side, this won't happen. A Palestinian state capable of controlling it's borders would also present a threat to Israel. Hence it looks like present administration Israel wants to go for some kind of a "final solution" option in the long term.I agree it's an undesirable situation. Unrestricted borders would be too big of a security risk for Israel. — BitconnectCarlos
Category theory would be the philosophers companion here, but uh... we haven't been trained in category theory in school or in the university. That is really something lacking!I like this. However, category theory - which includes categories of sets - an outgrowth of algebraic topology and what ever else of similar abstraction seem to have gotten into the game. — jgill
Your enemy in a conflict is naturally destabilizing. How could it be something else, because it's your enemy?But if Palestinians (not Hamas, Palestinians) are destabilising for Jordan and Egypt despite being mostly all charitable arab-muslim brothers, then it shouldn’t be hard to understand that Palestinians ruled by Hamas can be destabilising for Israel, right? — neomac
I disagree. The PLO doesn't have it's roots in Islamism, as Hamas has. As the area had been part of the Ottoman Empire, with the exception of Egypt, there hadn't existed Lebanon, Syria or Jordan as we now know these countries now. But this isn't at all some kind of refutation. Just as there hadn't been an independent state called Finland, that doesn't mean that there hadn't existed Finns. And anyway, I despise people who talk about "the artificiality" of any people compared to others, when millions of people do relate being of a nationality. Usually these people have very dubious incentives for this strange argumentation."Palestinianism" is nothing but a front for the expansion of Islam. An identity built purely on revanchism. — BitconnectCarlos
And here lies the absurdity of the situation: you are referring to PA and Palestinians under Hamas, but then again would they have then their independent statehood? No. Hence they aren't the responsibility of Israel, but then they cannot be responsable in the way a sovereign state is of it's borders. And in the era of Trump, just shove them somewhere else.Regarding different laws, all Israeli citizens have the same laws. But yes, Palestinians under the PA or Hamas will have their own laws. ↪ssu — BitconnectCarlos
Clausewitz looks at war from the perspectives of nations states, but there's the notion of war as a civil war, which is a rather different kind of monster.I’d question the idea that failed diplomacy is always due to stupidity or irrationality. People’s interests are shaped by emotions, power dynamics, and values not just logic. Even when opinions and interests seem irreconcilable, there are often ways to avoid war if both sides are willing to make concessions. The challenge is that compromise often feels like a loss, which is why diplomacy sometimes falters. — ZisKnow
