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EconomicPolicyJournal.com: Rent Control Horror Returning to NYC; Real Estate Developers in Shock

Posted by M. C. on June 15, 2019

Still, surely it is worth knowing that the pathologies of San Francisco’s housing market are right out of the textbook, that they are exactly what supply-and-demand analysis predicts.

https://www.economicpolicyjournal.com/2019/06/rent-control-horror-returning-to-nyc.html

By Robert Wenzel

This is very bad.

Democrats in the state of New York have announced new bills that would significantly bring back the horrors of rent control that crushed much of New York City real estate for decades and made it near impossible to find an apartment.

New York City developers are in shock.

Developers, including Douglas Durst, Richard LeFrak and William C. Rudin, who are involved with some of the most iconic buildings on the New York City skyline, including One World Trade Center and 3 Times Square, reached out to NY Governor Andrew Cuomo for help to block the legislation.

Cuomo’s answer was along the lines of, “Not my department.”

From The New York Times:

[O]n Wednesday, Mr. Cuomo rebuffed the developers, telling them that “they should call their legislators if they want to do something about it,” said a person briefed on the call, which lasted about 15 minutes.

The phone call capped a humiliating moment for an industry that had long reigned in the state capital.

“I’m in shock. I think many of us in my industry are in shock,” said James R. Wacht, president of the firm Lee & Associates and a board member of Real Estate Board of New York, the industry’s leading trade group. “It’s a lot worse than we anticipated.”

The bills announced on Tuesday night by the Democratic leaders of the State Senate and the Assembly would abolish rules that let building owners deregulate apartments and close loopholes that permit them to raise rents.

The legislation would directly impact almost one million rent-regulated apartments in New York City, which account for more than 40 percent of the city’s rental stock, and allow other municipalities statewide beyond New York City and its suburbs to adopt their own regulations.

Real estate industry groups said the bills would do serious damage to housing in the city by reducing incentives for landlords to renovate existing apartments and to build affordable new ones.

Existing rent laws expire on Saturday. The rent regulation package is expected to be approved in Albany by legislators and Cuomo is expected to sign it today.

Tyler Cowen points to a column on the horrors of rent control that was penned by Paul Krugman in 2000, where he wrote: Read the rest of this entry »

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The Senate basically just voted to arm ISIS with your tax dollars

Posted by M. C. on June 15, 2019

https://www.washingtonexaminer.com/opinion/the-senate-basically-just-voted-to-arm-isis-with-your-tax-dollarsh

by Jack Hunter

Sen. Rand Paul, R-Ky., said on the senate floor Thursday, before a vote that would bar U.S. arm sales with three Arab states: “The facts are not contested. Saudi Arabia, Qatar, and Bahrain have allowed U.S. arms to be funneled to radical Islamist groups throughout the Middle East.”

Paul is right. No one really contests this.

President Trump, who supports the arms sale, agrees that these countries have supported extremists. If Hillary Clinton had been elected president, apparently she knew too. President Barack Obama knew.

Clinton’s tenure as secretary of state made clear the U.S. was backing countries that aided our enemies. As Paul observed in his floor speech Thursday, “Even Hillary Clinton admitted in an email to John Podesta: ‘We need to use our diplomatic and more traditional intelligence assets to bring pressure on the governments of Qatar and Saudi Arabia, which are providing clandestine financial and logistic support to Isis and other radical groups in the region'” (emphasis added).

Paul also noted that in 2009 — a decade ago, because, yes, this is how long this has been going on — Hillary Clinton sent the State Department a cable that read, “Saudi Arabia remains a critical financial support base for al-Qaeda [and] the Taliban.”

Al Qaeda. The very group that attacked the U.S. on Sept. 11 and who most Americans probably think we are still trying to fight. Also, the Taliban, the entire reason we went to war in Afghanistan in 2001 — apparently U.S. foreign policy had indirectly bolstered both?

Again, these are not secrets. These leaders knew.

Congress knows. But that didn’t stop them Thursday from voting 43-56 to proceed with these arms sales.

The only Republicans who voted to stop this were Sens. Paul, Mike Lee, R-Utah, and Jerry Moran, R-Kan. Every other Republican voted to give arms and aid to countries that have histories of coddling terrorists.

Every Democrat voted to stop arms sales, except for seven: Sens. Doug Jones, D-Ala., Angus King, I-Maine, Joe Manchin, D-W.Va., Jeanne Shaheen, D-N.H., Kyrsten Sinema, D-Ariz., Jon Tester, D-Mont., and Mark Warner, D-Va.

These seven Democrats apparently agree with the overwhelming majority of Republicans that allowing U.S. weapons to end up in the hands of ISIS and al Qaeda is worth whatever security benefit the United States allegedly gets from these exchanges.

The senators who support this insist it is to guard against Iranian influence in the region, which is a lazy rationale at best. “Maybe we should consider a peace plan that doesn’t include dumping more arms into a region aflame in civil unrest, civil war, and anarchy,” Paul said on the floor. “The argument goes that we must arm anyone who is not Iran. We are told that because of Iran’s threat, the U.S. must accept selling arms to anyone who opposes Iran, even bone-saw-wielding countries brazen enough to kill a dissident in a foreign consulate.”

“What would happen if we just said no?” Paul asked. “What would happen if we simply conditioned arms sales on behavior?”

Great question. In addition to arming ISIS and Saudi Arabia murdering a U.S.-based journalist last year, the American-backed Saudi war in Yemen continues to yield a civilian death toll so high we don’t exactly know what that number is…

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America's sport

Government’s favorite sport-War

 

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America Is Stuck With a $400 Billion Stealth Fighter That Can’t Fight

Posted by M. C. on June 15, 2019

If during a steep climb the fighters exceed a 20-degree “angle of attack”—the angle created by the wing and the oncoming air—they could become unstable and potentially uncontrollable.

https://www.thedailybeast.com/america-is-stuck-with-a-dollar400-billion-stealth-fighter-that-cant-fight

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Craig Murray – The Gulf of Credibility

Posted by M. C. on June 15, 2019

Yet we sell arms to 9/11 attacker Saudi Arabia…who re-sells them to ISIS

Iran attacked US…when?

https://www.craigmurray.org.uk/

Craig Murray

I really cannot begin to fathom how stupid you would have to be to believe that Iran would attack a Japanese oil tanker at the very moment that the Japanese Prime Minister was sitting down to friendly, US-disapproved talks in Tehran on economic cooperation that can help Iran survive the effects of US economic sanctions.

The Japanese-owned Kokuka Courageous was holed above the water line. That rules out a torpedo attack, which is the explanation being touted by the neo-cons.

The second vessel, the Front Altair, is Norwegian owned and 50% Russian crewed (the others being Filipinos). It is owned by Frontline, a massive tanker leasing company that also has a specific record of being helpful to Iran in continuing to ship oil despite sanctions.

It was Iran that rescued the crews and helped bring the damaged vessels under control.

That Iran would target a Japanese ship and a friendly Russian crewed ship is a ludicrous allegation. They are however very much the targets that the USA allies in the region – the Saudis, their Gulf Cooperation Council colleagues, and Israel – would target for a false flag. It is worth noting that John Bolton was meeting with United Arab Emirates ministers two weeks ago – both ships had just left the UAE.

The USA and their UK stooges have both immediately leapt in to blame Iran. The media is amplifying this with almost none of the scepticism which is required. I cannot think of a single reason why anybody would believe this particular false flag. It is notable that neither Norway nor Japan has joined in with this ridiculous assertion…

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The Other Saudi Assassination

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“There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.”

Posted by M. C. on June 15, 2019

Ayn Rand

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A Good Start – Kunstler

Posted by M. C. on June 15, 2019

https://kunstler.com/clusterfuck-nation/a-good-start/

James Howard Kunstler

Campus Wokesters with boundary problems got “woke” for real on Thursday when an Ohio jury laid an additional $33-million for punitive damages on top of $11-million in compensatory damages already awarded against Oberlin College for running a “social justice” campaign to ruin the business of a four-generation small-town bakery that followed the shoplifting arrest of three black Oberlin College students there in 2016.

The precipitating incident happened the day after the presidential election when the Oberlin College campus suffered a collective emotional breakdown over the election results. Gibson’s Bakery and Food Mart, on the Oberlin town square, also sells wine and deli products and has been a fixture in downtown Oberlin for generations. The three students first tried to buy wine with fake ID and, failing to do that, attempted to walk out with two bottles. They were followed outside by one of the Bakery family members, Allyn Gibson. A fight ensued. Police arrested the kids. The college’s attempt to steer the case out of the court system failed. The three students eventually pleaded guilty in August 2017 to theft and aggravated trespassing, and were required by their plea agreements to declare that they had behaved wrongfully and that the bakery was not a racist establishment.

In the event, Oberlin College Dean of students, Meredith Raimondo, had organized students, faculty, and staff to mount days of demonstrations outside Gibson’s Bakery, accusing it of racism and systematic profiling of black students. At times, Ms. Raimondo appeared to lead the demonstration with a bullhorn, and handed out leaflets labeling Gibson’s as “racist.” The college also dropped its business arrangement with Gibson’s, which had supplied the college with donuts and bagels for decades. Gibson’s then sued both Oberlin College, and Ms. Raimondo in particular, for libel and for attempting to ruin its business.

The Oberlin case is of a piece with the widespread dishonest, despotic, and sadistic behavior syndrome that has roiled college campuses all over the country, and infected every corner of national life, including the giant social media companies, the corporate HR departments, the entire Democratic Party, virtually all show business, and the US Military. Wokesterism employs the same tactics used by Mao Zedong’s Red Guard during China’s “cultural revolution” of the 1960s — an epic fiasco of mass coercion in which millions of innocent people were imprisoned, tortured, and executed to consolidate the ageing and ailing Mao’s power and purge all dissenters. Even the Chinese communist party got sick of it and quashed the hysteria after Mao’s death.

Oberlin’s lame defense in the penalty phase of the court case was to plead poverty despite a nearly one-billion-dollar endowment — at a school which charges $70,000-a-year to attend. The punitive damages required the jury to find actual malice in the college’s behavior. In fact, the jury’s award of $33.2-million exceeded a statutory Ohio punitive damages cap of double compensatory damages (the $11-million).

In many cases like Oberlin’s around the nation — such as the mob that attacked author Charles Murray (The Bell Curve) at Middlebury College, the mobs that drove out biology professor Bret Weinstein at Evergreen College, the mob that bullied Nicholas Christakas at Yale, the serial mobs that disrupted many speakers at UC Berkeley — the mysterious common denominator is the acquiescence of college presidents and other campus authorities to the hysteria of the moment. The truth is, they were AWOL at best and often complicit in the action. The uproar at Oberlin may have been “triggered” by the dismaying election results of 2016, but a lot of this quasi-religious hysteria has been going on since long before the much-reviled Mr. Trump came on the scene. Campus deans and presidents have a lot to answer for. Until now, they have all skated neatly from scrutiny, with the help of an amazingly incurious news media. The hefty dollar judgment against Oberlin may be a caution to other college admins across the land that there actually are consequences for their cowardly and dishonorable behavior…

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The Ron Paul Institute for Peace and Prosperity : Seven Reasons To Be Highly Skeptical Of The Gulf Of Oman Incident

Posted by M. C. on June 14, 2019

http://ronpaulinstitute.org/archives/featured-articles/2019/june/14/seven-reasons-to-be-highly-skeptical-of-the-gulf-of-oman-incident/

Written by Caitlin Johnstone

In a move that surprised exactly zero people, Secretary of State Mike Pompeo has wasted no time scrambling to blame Iran for damage done to two sea vessels in the Gulf of Oman on Thursday, citing exactly zero evidence.

“This assessment is based on intelligence, the weapons used, the level of expertise needed to execute the operation, recent similar Iranian attacks on shipping, and the fact that no proxy group operating in the area has the resources and proficiency to act with such a high-degree of sophistication,” Pompeo told the press in a statement.

“The United States will defend its forces, interests, and stand with our partners and allies to safeguard global commerce and regional stability. And we call upon all nations threatened by Iran’s provocative acts to join us in that endeavor,” Pompeo concluded before hastily shambling off, taking exactly zero questions.

Here are seven reasons to be extremely skeptical of everything Pompeo said:

1. Pompeo is a known liar, especially when it comes to Iran.

Pompeo has a well-established history of circulating blatant lies about Iran and the behavior of the Iranian government, and he recently told an audienceat Texas A&M University that when he was leading the CIA, “We lied, we cheated, we stole. We had entire training courses.”

2. The US empire is known to use lies and false flags to start wars.

The US-centralized power alliance has an extensive and well-documented history of advancing preexisting military agendas using lies, false flags and psyops to make targeted governments appear to be the aggressors. This is such a well-established pattern that “Gulf of Tonkin” briefly trended on Twitter after the Gulf of Oman incident. Any number of government agencies could have been involved from any number of the nations in this alliance, including the US, the UK, the KSA, the UAE, or Israel.

3. John Bolton has openly endorsed lying to advance military agendas.

I wrote an article about this last month because the Trump administration had already begun rapidly escalating against Iran in ways that happen to align perfectly with the longtime agendas of Trump’s psychopathic Iran hawk National Security Advisor. At that time people were so aware of the possibility that Bolton might involve himself in staging yet another Middle Eastern war based on lies that The Onion was already spoofing it.

On a December 2010 episode of Fox News’ Freedom Watch, Bolton and the show’s host Andrew Napolitano were debating about recent WikiLeaks publications, and naturally the subject of government secrecy came up.

“Now I want to make the case for secrecy in government when it comes to the conduct of national security affairs, and possibly for deception where that’s appropriate,” Bolton said. “You know Winston Churchill said during World War Two that in wartime truth is so important it should be surrounded by a bodyguard of lies.”

“Do you really believe that?” asked an incredulous Napolitano.

“Absolutely,” Bolton replied.

“You would lie in order to preserve the truth?”

“If I had to say something I knew was false to protect American national security, I would do it,” Bolton answered.

This would be the same John Bolton who has been paid exorbitant speaking fees by the pro-regime change MEK terror cult, promising the cult in a 2017 speech that they’d be celebrating regime change in Tehran together before 2019. This would also be the same John Bolton who once threatened to murder an OPCW official’s children if he didn’t stop getting in the way of his Iraq war agenda.

4. Using false flags to start a war with Iran is already an established idea in the DC swamp.

Back in 2012 at a forum for the Washington Institute Of Near East Policy think tank, the group’s Director of Research Patrick Clawson openly talked about the possibility of using a false flag to provoke a war with Iran, citing the various ways the US has done exactly that with its previous wars.

“I frankly think that crisis initiation is really tough, and it’s very hard for me to see how the United States president can get us to war with Iran,” Clawson began.

“Which leads me to conclude that if in fact compromise is not coming, that the traditional way that America gets to war is what would be best for US interests,” Clawson added. “Some people might think that Mr. Roosevelt wanted to get us into the war… you may recall we had to wait for Pearl Harbor. Some people might think that Mr. Wilson wanted to get us into World War One; you may recall we had to wait for the Lusitania episode. Some people might think that Mr. Johnson wanted to get us into Vietnam; you may recall we had to wait for the Gulf of Tonkin episode. We didn’t go to war with Spain until the USS Maine exploded. And may I point out that Mr. Lincoln did not feel that he could call out the Army until Fort Sumter was attacked, which is why he ordered the commander at Fort Sumter to do exactly that thing which the South Carolinians said would cause an attack.”

“So if, in fact, the Iranians aren’t going to compromise, it would be best if somebody else started the war,” Clawson continued. “One can combine other means of pressure with sanctions. I mentioned that explosion on August 17th. We could step up the pressure. I mean look people, Iranian submarines periodically go down. Some day, one of them might not come up. Who would know why? We can do a variety of things, if we wish to increase the pressure (I’m not advocating that) but I’m just suggesting that this is not an either/or proposition — just sanctions have to succeed or other things. We are in the game of using covert means against the Iranians. We could get nastier at that.”

5. The US State Department has already been running psyops to manipulate the public Iran narrative. Read the rest of this entry »

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Exclusive: Facebook’s Process to Label You a ‘Hate Agent’ Revealed

Posted by M. C. on June 14, 2019

…and as we saw with the Daily Beast doxing story, the platform will publicize private information on their users to assist the media in hitjobs on regular American citizens…

https://www.breitbart.com/tech/2019/06/13/exclusive-facebooks-process-to-label-you-a-hate-agent-revealed/

by ALLUM BOKHARI

Facebook monitors the offline behavior of its users to determine if they should be categorized as a “Hate Agent,” according to a document provided exclusively to Breitbart News by a source within the social media giant.

The document, titled “Hate Agent Policy Review” outlines a series of “signals” that Facebook uses to determine if someone ought to be categorized as a “hate agent” and banned from the platform.

Those signals include a wide range of on- and off-platform behavior. If you praise the wrong individual, interview them, or appear at events alongside them, Facebook may categorize you as a “hate agent.”

Facebook may also categorize you as a hate agent if you self-identify with or advocate for a “Designated Hateful Ideology,” if you associate with a “Designated Hate Entity” (one of the examples cited by Facebook as a “hate entity” includes Islam critic Tommy Robinson), or if you have “tattoos of hate symbols or hate slogans.”…

Facebook will also categorize you as a hate agent for possession of “hate paraphernalia,” although the document provides no examples of what falls into this category.

The document also says Facebook will categorize you as a hate agent for “statements made in private but later made public.” Of course, Facebook holds vast amounts of information on what you say in public and in private — and as we saw with the Daily Beast doxing story, the platform will publicize private information on their users to assist the media in hitjobs on regular American citizens…

The Benjamin addition reveals that Facebook may categorize you as a hate agent merely for speaking neutrally about individuals and organizations that the social network considers hateful. In the document, Facebook tags Benjamin with a “hate agent” signal for “neutral representation of John Kinsman, member of Proud Boys” on October 21 last year…

Here’s how “hate speech” — both on and off Facebook — will be categorized by the platform, according to the document:

Individual has made public statements, or statements made in private and later made public, using Tier 1, 2, or 3 hate speech or slurs:

3 instances in one statement or appearance = signal
5 instances in multiple statements or appearances over one month = signal

If you’ve done this within the past two years, Facebook will consider it a hate signal…

Are you a source at Facebook or any other corporation who wants to confidentially blow the whistle on wrongdoing or political bias at your company? Reach out to Allum Bokhari securely at allumbokhari@protonmail.com.

Allum Bokhari is the senior technology correspondent at Breitbart News. 

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Identity Politics

 

 

 

 

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Reflections on Ron Paul’s Revolution: Taxation is Theft – The Libertarian Institute

Posted by M. C. on June 14, 2019

Economic historian, Burton Fulsom, points out that there’re two types of entrepreneurs: market and political. Market is the entrepreneur based in the private sector, whereas political is lobbying the government for your free goodies that are provided via stealing from the American taxpayers.

https://libertarianinstitute.org/articles/reflections-on-ron-pauls-revolution-taxation-is-theft/

By

Mr. Pseu

Ron Paul’s Revolution: A Manifesto, is without a doubt a cornerstone and gem in Libertarian literature. Some might call it a “soft landing”, but it’s a fantastic entry into exploring Libertarian thought in a perfectly succinct, enlightening, genius way. No offense to Human Action, but to hell with Human Action! I’m joking of course, but this little guy at a whopping 186 pages (if you include the edition with a chapter on the economic crisis) covers all the basic principles of liberty ammunition for any debate, enlightening conversation, and just straight up knowledge to make you a little less dumb…

In Chapter 4: Economic Freedom, I like to think of this as Ron Paul’s “taxation is theft” chapter, but the Super Saiyan form in an eloquent Ron Paul, Southern Gentleman fashion.

In a free society, or economy in this case, everyone has a right to their life and property. Likewise, you don’t have the right to infringe on anyone else’s property. Don’t hurt people, don’t take their stuff. The government is hurting you by forcing you to pay taxes.

The system is set up where people try to use the government to dominate each other. It’s a welfare pissing contest. The people shouldn’t let government do things that individuals couldn’t get away with (taxation = theft, conscription is slavery, war is mass murder, etc.). Let’s not forget, the poor aren’t the only ones who benefit from the state’s free goodies. The rich manipulate government too. Ron Paul explains that “the rich are more than happy to secure for themselves a share of the loot – for example, in the form of subsidized low-interest loans (as with the Export-Import bank), bailouts when their risky loans go sour, or regulatory schemes that hurt their smaller competitors or make it harder for new ones to enter an industry.”…

Government power should just be used to protect individual rights: life and property, NOT control the economy. That’s OUR job as consumers by voting with our dollar in the free market to say what goods will be provided and a what price. We dictate supply and demand. This creates competition amongst businesses to decrease cost and increase quality. Government only distorts this beautiful equilibrium…

“Given that the politically influential and well connected – neither of which includes the middle class or the poor – are the ones who tend to win privileges and loot from the government, I do not understand why we take for granted that the net result of all this looting is good for those who are lower on the economic ladder.”

-Ron Paul

…Like income tax, the draft is a form of slavery. Those appendages of the state basically legitimize that they own you and you don’t own yourself. You’re not allowed to make decisions for yourself. That’s not freedom. That is slavery. The government will just pity you and let you keep some of the leftovers after you earn it, HOWEVER you earn it! This isn’t how a free society prospers because individuals need as much capital as possible to invest and make an economy blossom. Government prevents this from happening through intervening via taxes, regulations, lobbies, tariffs, sanctions, you name it. Ending the income tax all together and not replacing it with anything at all would cut government revenue (wasted tax payer money) buy 40%, but this idea isn’t discussed because it would destroy the state if placed on the surface in the public eye…

It’s up to us as individuals to find the alternatives to government. That’s why you have economists like Mises who advocate for the Austrian School of Economics. This school of economic thought is based off embracing the free-market. Austrian economics is the sword to slay the dragon of the state. Private actors and entrepreneurs voluntarily making decisions based on their emotions, needs, subjective value, and self-interest. This is the only economic system which will make us the most free.

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Chicago Cops Use Explosives to Raid Innocent Family’s Home, Hold Kids at Gunpoint, Cuff 8yo Boy – The Libertarian Institute

Posted by M. C. on June 14, 2019

Recruited killers (military), SWATtized, Powerized enforcers

To Serve and Protect – Long ago dead

https://libertarianinstitute.org/articles/chicago-cops-use-explosives-to-raid-innocent-familys-home-hold-kids-at-gunpoint-cuff-8yo-boy/

By

Matt Agorist

Chicago, IL — In only a matter of months, the city of Chicago is now facing its fifth lawsuit for raiding the homes of innocent people — allegedly by mistake. TFTP has reported on several of these lawsuits in which cops raided a four-year-old’s birthday party and held other children at gunpoint. In the most recent lawsuit stemming from violent police negligence, an innocent family was terrorized, a small child handcuffed, and police used explosives to literally blow holes in their home to search it.

On March 15, Alberta Wilson says Chicago police woke her up, along with her four children as cops forced their way into her home. It was below freezing outside with ice on the ground and despite this fact, the entire family was forced from the home and made to stand in the freezing rain.

Thinking he was a threat, the cops even handcuffed Wilson’s 8-year-old son Royal, who was also forced to stand in the freezing cold…

As the family sat outside in handcuffs in the freezing rain, police ransacked their home, tearing mattresses apart, and even using explosive devices to blow holes in their ceiling to look for a non-existent assault rifle.

Not until after a sergeant arrived on scene did any of the cops worry about removing the handcuffs from the tiny child.

“Even after they released him out the handcuffs, they showed no remorse. He’s a baby. Where’s your leadership? ‘Sorry young man. We sorry for placing you in handcuffs, are you ok?’ None of that was shown,” Wilson said.

After cops destroyed the family’s home, they simply left it like it was and didn’t even give them the courtesy of an apology…

Just last August, two little boys who used to look up to police were traumatized and their view of police tarnished after a SWAT team burst into their home at night and held the entire family at gunpoint, including the children. The family was innocent and just like the above case, the raid was on the wrong home.

Those two children now suffer from PTSD and have to attend counseling.

It’s not just children either, Chicago cops have raided the wrong homes of elderly women too.

Elizabeth Harrison, 82, used to tell kids to “respect the law.” Then on March 17, 2016, a gang of Chicago cops raided her home, busting down the door and holding her at gunpoint. Because of this trauma, Harrison had to be rushed to the hospital.

The great-grandmother said police must have had the wrong house, but they insisted it was the correct address based on their “intelligence.” No one believed her when she said she was a widow and lived alone. Harrison was made to sit in a chair, overwhelmed with anxiety, while they searched her home for non-existent drugs. The stress was so overwhelming, Harrison was hospitalized…

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