To Russia, with food, tons of it (archived)
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Jeffrey Sachs Discusses The War in Ukraine, ‘Shock Therapy,’ and More
Tag: Larry Summers
NYT hypes China threat: They’re reading the internet
NYT hypes China threat: They’re reading the internet
That Beijing is mining publicly available information is not new or surprising but fear mongering about it in Washington is good for business.
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The Times was passing on findings from an analysis by threat intelligence company Recorded Future, which says a Chinese open-source intel company has been mining publicly available information from the Office of Net Assessment, a Pentagon think tank, and the U.S. Naval War College.
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Exclusive: Google, CIA Invest in ‘Future’ of Web Monitoring
The investment arms of the CIA and Google are both backing a company that monitors the web in real time — and says it uses that information to predict the future. The company is called Recorded Future, and it scours tens of thousands of websites, blogs and Twitter accounts to find the relationships between people, […]
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When Liberals Fell in Love With Benito Mussolini
When we speak of concepts like “totalitarianism” and “corporatism,” it is often assumed that fascism stands very far from the liberal market society that went before it, and which we are still experiencing today. But if we pay closer attention to Italian fascism’s economic policies, especially during the 1920s, we can see how some combinations typical of both the last century and our own were experienced already in the first years of Benito Mussolini’s rule. A case in point is the association between austerity and technocracy. By “technocracy,” I refer to the phenomenon whereby certain policies that are common today (such as cuts in social spending, regressive taxation, monetary deflation, privatizations, and wage repressions) are decided by economic experts who advise governments or even directly take over the reins themselves, as in several recent cases in Italy.
When Liberals Fell in Love With Benito Mussolini
What if we cut the defense budget to give Americans inflation relief?
Jeffrey Sachs Discusses The War in Ukraine, ‘Shock Therapy,’ and More
Jeffrey Sachs Discusses The War in Ukraine, ‘Shock Therapy,’ and More
Perhaps the most stunning bit of information in the interview comes from Sachs’s disclosure of the reason for the failure of “Shock therapy” in Russia. “Shock therapy” is the name given to the abrupt transition from the Soviet-style command economy to a market-oriented economy. It was a success in Poland, but a failure in Russia where it led to a depression deeper and more costly than our own Great Depression. Why? Sachs was an advisor to Poland and then Russia for the “therapy.” So he had witnessed a “controlled experiment,” as he put it elsewhere. At a certain point it the process, financial help from the outside was needed to revive the economy on a new basis. It was provided to Poland; but when Sachs called for the same help in Russia, it was refused by the West, specifically by the White House. This happened despite Sachs’s direct pleas to the White House. The depression that followed was neither accidental nor a surprise. Far from it. This was the first time that the US attempted to “weaken” post-Cold War Russia, an attempt that was eventually reversed under Putin.
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With the collapse of the Soviet Union, the United States Agency for International Development (USAID) funded a project by the HIID to help rebuild the Russian economy on the basis of western concepts of ethics, democracy and free markets. Jeffrey Sachs was said to have “packaged HIID as an AID consultant”. USAID were glad to accept help from Harvard, since they lacked expertise for such a project. The HIID oversaw and guided disbursement of $300 million of US aid to Russia with little oversight by USAID. HIID advisers worked closely with representatives from Russia, notably Anatoly Chubais and his associates. Once USAID accepted help from the HIID, HIID was in a position to recommend U.S. aid policies while being a recipient of that aid. It also put the HIID in a position of power overseeing some of their competitors. The project, which ran from 1992 to 1997, was headed by economist Andrei Shleifer and lawyer Jonathan Hay. HIID received $40.4 million in return for its activities in Russia, awarded without the normal competitive bidding approach.
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Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
Bill Gates and the Secret Push to Save Biden’s Climate Bill
Bill Gates and the Secret Push to Save Biden’s Climate Bill
Gates started wooing Manchin and other senators who might prove pivotal for clean-energy policy in 2019 over a meal in Washington DC. “My dialogue with Joe has been going on for quite a while,” Gates said. “Almost everyone on the energy committee” — of which Manchin was then the senior-most Democrat — “came over and spent a few hours with me over dinner.”
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Also at Manchin’s insistence, automakers also will see new strings attached to electric vehicle tax incentives so they will have to be made in North America and, by 2024, can’t use batteries sourced from China. Labor leaders bemoaned that the final package doesn’t contain much support for workers who lose their jobs in the green transition.
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There’s been such whiplash from 2016 when, as Gates puts it, green spending from the US government “had dropped to near zero.” Six years later, American climate finance has been “reinvigorated,” and Gates now sees innovation “going way faster than I expected. That’s why I’m optimistic that we will solve this thing.”
The working class is going to be thrown under the bus, but at least Bill Gates is happy. 🤷🏼♀️
Biden: July Inflation Was 0%. Actual July Inflation: 8.5%. Media: Eh, Close Enough.
In July, the price of eggs and milk went up. The price of fruits and vegetables went up. The price of new cars went up. Electricity cost more. Medical costs rose. Alcohol became more expensive. Rent went up.
Biden: July Inflation Was 0%. Actual July Inflation: 8.5%. Media: Eh, Close Enough.
Larry Summers warns unemployment must rise to cool inflation
Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.
Larry Summers warns unemployment must rise to cool inflation
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Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation
Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!
Ukraine/Russia: Negotiations. Neutrality. Celebrity degenerate Bono appears
Yesterday I wrote about Sean Penn, warning that celebrity influencers should be shunned. Always. In that same report Bono was named as one that should be outed for the fraud he is!
Ukraine/Russia: Negotiations. Neutrality. Celebrity degenerate Bono appears
More About Bono:
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Ms. Cat’s Chronicles 
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