Mad Statists

Ted Koppel: ‘Can You Imagine A Day When We’ll Be Without The TSA?’

"'The terrorists have achieved more with one phone call than we have achieved with all our response,' Koppel said. 'Terrorism is imply the weapon by which the weak engage the strong,' Koppel said. 'They cause the strong—in this case us—to overreact. We are the ones who went into Iraq and spent about a trillion and a half dollars doing it, losing 4,500 men and women, god knows how many tens of thousands injured. We are the ones who created a bureaucracy. The TSA has what—57,000 people operating within the TSA? Can you imagine a day when we will ever be without that bureaucracy? All imposed upon ourselves.'" Continue reading →

Continue ReadingTed Koppel: ‘Can You Imagine A Day When We’ll Be Without The TSA?’

U.S. Navy admiral pushes officers to curtail ‘jargon and gibberish’

"The fight against acronyms, adjectives and adverbs is one Kirby attacked with a handful of examples. 'The world isn’t a dangerous place. It’s a ‘dynamic and complex international environment'' Kirby mocked. 'We didn’t tell people we were reducing to one the number of carriers in the Middle East. We told them we were responding to a ’1.0 carrier presence requirement in the CENTCOM AOR.'' Faced with declining resources and a growing gap between the military and the American people, officers must communicate better, the email implored." Continue reading →

Continue ReadingU.S. Navy admiral pushes officers to curtail ‘jargon and gibberish’

McCain: Young Americans admire Snowden, see him as ‘some kind of Jason Bourne’

"A deep distrust of government has led young Americans to hold up NSA leaker Edward Snowden as a hero, Sen. John McCain said Sunday. 'There’s a young generation who believes he’s some kind of Jason Bourne,' the Arizona Republican said during on 'Fox News Sunday,' referring to the lead character in the Bourne movie trilogy who battled his own government, particularly the CIA. 'Right now there’s kind of a generational change. Young Americans do not trust this government,' Mr. McCain said. 'Without trusting government you can’t do a lot of things.'" Continue reading →

Continue ReadingMcCain: Young Americans admire Snowden, see him as ‘some kind of Jason Bourne’

Sputtering War on Drugs In Afghanistan

"By the Pentagon’s own definition, the U.S. and its allies have failed to curb the drug trade in Afghanistan that provides 90 percent of the world’s heroin and is the main source of funding for the Taliban. The United Nations has pledged to fill the counter-narcotics vacuum left by the withdrawing allies, but that effort will be dependent on continuing contributions from donor states. To continue anti-drug efforts past 2014, the U.S. must include DEA agents with the long-term residual force that President Obama plans to leave behind post-2014, according to the Senate Caucus on International Narcotics Control." Continue reading →

Continue ReadingSputtering War on Drugs In Afghanistan

Japan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise

"The country’s outstanding public debt including borrowings reached a record 1,008.6 trillion yen as of June 30, the finance ministry said in Tokyo today. Larger than the economies of Germany, France and the U.K. combined, the amount includes 830.5 trillion yen in government bonds. The world’s heaviest debt burden will weigh on Abe when he decides next month whether to implement a two-step plan to double the tax on consumers in a nation with ballooning welfare costs. Moody’s Investors Service yesterday warned that a worsening of finances would erode confidence in government bonds." Continue reading →

Continue ReadingJapan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise

Janet Yellen: “A Wise and Humane Policy Is Occasionally to Let Inflation Rise”

"Yellen comes out of the economic school of thought that holds the view that printing money can somehow boost the economy. In essence, she holds the thought that the economy can somehow at times get stuck, that prices at such time don't adjust to supply and demand and that thus money needs to be printed by the Fed via Wall Street cronies to distort prices via monetary and price inflation and fool the public into doing transactions they wouldn't do without the distortions. This is what is held these days as 'utterly unquestioned credentials.'" Continue reading →

Continue ReadingJanet Yellen: “A Wise and Humane Policy Is Occasionally to Let Inflation Rise”

Why “Tapering” Will Not Go Smoothly — and What That Means for Bonds and Stocks

"If you buy the party line that Wall Street and the Federal Reserve is pushing, the process of 'tapering' back on Quantitative Easing (QE) will be relatively painless. All the Fed has to do is gradually, slowly, predictably, and gently ease back on its bond purchases and, they say, it will have minimal market impact. My take? Fuhgeddaboudit … it will be anything but smooth. And this week, I’ll use the Fed’s own comments — and a shocking Fed chart — to show you why." Continue reading →

Continue ReadingWhy “Tapering” Will Not Go Smoothly — and What That Means for Bonds and Stocks

Scott Brown’s brother arrested with weapons arsenal after impersonating officer and commandeering boat

"Bruce W. Browne told officers responding to the call that he was the owner of the vehicle, and he admitted to wearing battle dress uniform (BDU) pants and carry a 9mm weapon. Inside of the vehicle, officers located three 9mm handguns, two sets of handcuffs, 12 fully-loaded magazines and over 200 rounds of ammunition. Browne also had law enforcement gear, including a tactical bullet-proof vest with the word 'POLICE' on the front and back and a metal TSA badge. Browne had IDs from when he worked for the TSA and Coast Guard, but the Connecticut State Police determined that he was no longer affiliated with those agencies." Continue reading →

Continue ReadingScott Brown’s brother arrested with weapons arsenal after impersonating officer and commandeering boat

Common Core Exams: New York Schools Get an F

"No one knows what to do. They are in panic mode. Watch the videos. Parents are outraged. School officials are in hunker-down mode. The top educational official in the country is the Secretary of Education. She says this: no problem! Parents should not be alarmed, she says. The test results will 'give a clear picture of where our students are on the trajectory toward college and career readiness.' Yes, they do. The kids are not ready. Then, she added, don't blame tax-funded education. No, no, no. 'The lower proficiency rates that we will see . . . do not reflect that teachers are teaching less or students are learning less.'" Continue reading →

Continue ReadingCommon Core Exams: New York Schools Get an F

Greek youth unemployment soars to 64.9% as Biden claims stake in Greece’s success

"Greek prime minister Antonis Samaras will hold talks with US President Barack Obama later on Thursday. Mr Samaras is keen to secure US approval for stimulus policies for Greece's recession-hit economy, in contrast to the austerity emphasis preferred by many of its European partners, most notably Germany. US vice president Joe Biden said America had 'a stake' in Greece's economic recovery and wanted the crisis-hit nation to stay in the eurozone. 'The administration has always taken the view that it's overwhelmingly in our interest to have Greece remain a strong and vital part of the eurozone,' he said." Continue reading →

Continue ReadingGreek youth unemployment soars to 64.9% as Biden claims stake in Greece’s success