What would it take to convert Twitter Inc. into a user-owned cooperative? In September, after news broke that the company was in talks with potential buyers, Nathan Schneider, scholar in residence of media studies at the University of Colorado, Boulder, penned an op-ed in The Guardian inviting readers to conceptualize the idea. He wrote:
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- Pentagon Paid PR Firm $540 Million to Make Fake Terrorist Videos
- "Fake News" Site Threatens Washington Post With Defamation Suit, Demands Retraction
- The Mafia State
- Trump’s Meeting With Al Gore Gives Environmental Activists Hope
- How Russia Outsmarted OPEC
- How Does Trump’s Pledge To Destroy NAFTA Affect Agriculture?
For seniors who want to age in a supportive community environment, cohousing is an exciting alternative to traditional options such as retirement homes and assisted living centers. In senior cohousing spaces, rather than relying on administrators, people rely on each other to lend a hand when needed and provide much-needed social engagement.
In 2014, the city of Amsterdam and Airbnb signed an agreement that allowed Amsterdammers to share their residence for up to 60 days a year. It was one of the first city policies that allowed homesharing on a limited basis while discouraging the conversion of housing into illegal hotels thereby contributing to rising housing costs.
- "My Government Ends Here" Renzi Resigns After Losing Italian Referendum: The Full Rundown
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- Fed’s Dudley Says Financial Regulation Job Remains Unfinished
- A Gallic Dark Horse Emerges
- Euro Gains With Stocks as Italy Vote Absorbed in ‘Three Minutes’
- Solar-Panel Roads to Be Built on Four Continents Next Year
- The Wider Ramifications Of The OPEC Deal
- Monsanto Says Next Breakthrough for Farmers Is a Friendly Fungus
The Italian vote delivered the most unsurprising surprise today – another rejection of the elites by the people.
Oh the humanity!
Time for the elites to get out of their echo chambers and find out what life is like for the people laboring under their poorly thought through and inhumane policies.
Remember, we humans like it better when things are fair and just. Heck, it goes further than that; primates like it better when things are fair and just.
- Stanford Study Reveals California Pensions Underfunded By $1 Trillion Or $93k Per Household
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- The Collapse of Paper Assets
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Get ready to live in an era of rising interest rates. It's going to be unfamiliar territory for all of us...
A wonderful exploration of various pine and conifer trees and the different properties the leaves have.
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- NASA’s Biggest Space Garden Ever Is Almost Ready To Fly
In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- A Bottom For Miners?
- Mish thinks this may be a good purchasing window
- Hit To Housing
- Rising interest rates are kryptonite to home prices
- Vanishing Jobs
- Trump can't replace the jobs lost to automation
- The Year Of The Iconoclast
- Anti-establishment platforms gather steam around the world
After years and years of declining/0% interest rates, the trend may be reversing. Market interest rates have risen faster over the past month than in decades.
Chris and Mish see this as having implications that will ripple through all asset classes. As Mish warns:
I’m watching interest rates just rise and rise. And the thing here is everyone’s betting on this massive inflationary scenario under Trump. I’m not sure I get it. Now, long term, we can all look at this and say, “Yeah, he’s going to take less money in in taxes, he’s going to waste more on infrastructure, he wants to increase military spending.” Of those, the only one I agree with is lowering taxes but the analysis is negative, negative, negative from Congressional CBO and all the people who figure this stuff out.
So we’ve got this surge in interest rates and money pouring into the dollar. The dollar’s going higher. I look at all of this and I think, “Hmm, a surge in interest rates. Ah, it’s likely to affect an ugly market.” The rising US dollar impacts exports in a negative fashion. The stock market is incredibly overvalued. And we know what generally happens when interest rates rise: I’m looking at a potential deflationary bust. Especially when we factor in Trump’s trade policies that might very well cause a global trade war.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
- Home Prices Recover Ground Lost During Bust
- How to protect yourself from a World Financial Crisis?
- Jim Rogers: A Crisis ‘Worse Than Anything You’ve Seen In Your Lifetime’
- Trump is meeting with an ex-bank CEO who wants to abolish the U.S. Federal Reserve
- The New Labor Wars
- An interesting perspective on the War on Cash
- When It Comes to Fake News, the U.S. Government Is the Biggest Culprit
- Will Trump Send Electricity Bills Soaring?
- Coinbase ordered to turn over customers' records to IRS
- Climate Change: A Matter Of Degree
- Australia's Great Barrier Reef suffers worst ever coral bleaching
It's hard to convey what the sharing movement is about without describing how it looks in practice. No matter how well you lay out its basic principles, you need concrete examples and visual imagery to help people reach that aha moment.
Through borrowing way too much, bailing out rather than prosecuting bad actors, printing trillions of "thin air" dollars, a deliberate pursuit of financial repression and other schemes -- the future prosperity of the "everyday American" has been stolen by those in power and those positioned closest to the trough. Mathematically, this orgy of excess needs to be balanced by severe austerity; an austerity the elites are forcing onto everybody else. No wonder the masses are pissed.
Few visuals drive this injustice home better than this one of historical bank CD interest rates. Note how they've been in steady collapse since the mid-1980s.