Daily Archives: March 10, 2017

Leeds City Council to step up gambling support – ITV News

Posted: March 10, 2017 at 3:38 am

Leeds City Council is taking steps to improve gambling support after new research found there could be over 10,000 'problem gamblers' in the city.

10,000

No. of people in Leeds that could be identified as 'problem gamblers'

Research conducted by Leeds Beckett University also concluded there could be a further 30,000 people who may be 'at risk of harm' from gambling.

Leeds City Council funded the research to find out the extent of problem gambling in the city and assess the availability of specialist support and referral services to help people experiencing problems resulting from gambling.

The research findings have led to the establishment of an expert project group bringing together key national organisations from the gambling industry to work with local third sector agencies and the city council to develop a co-ordinated approach to improve and strengthen the support available to those suffering from gambling-related harm.

The council's initial plans will be presented today at a national conference at Leeds Civic Hall.

Support services provide vital assistance to individuals with gambling-related problems. However, all acknowledged difficulties in supporting individuals due to the hidden nature of the problem and few were aware of specialist support in Leeds.

To address these issues, several stakeholders pointed to the comprehensive approach taken within Leeds to tackle addiction issues, poverty and homelessness as a good foundation on which to develop problem gambling support.

Dr Neil Ormerod, Leeds Beckett University

Leeds City Council is now taking steps to improve the support offered to gamblers in Leeds.

They will work with services across the city to increase knowledge and awareness of the support available.

The researchers found that the biggest impacts on the health and wellbeing of gamblers were debt, relationship breakdowns and mental health issues.

Our findings showed that many people enjoy gambling as a fun and sociable activity. But for some that is not the case. Some gamblers told me they hid their gambling habits from family and friends, lied about their whereabouts, borrowed money or spent grocery money on gambling and sometimes gamble away their wages to 'chase the big win'.

Dr Alexandra Kenyon

The findings of the study not only raise our understanding and awareness of the issue in the city but; crucially, we intend that it will be the catalyst for action to better support those suffering from gambling-related harm.

As a council we place great emphasis on early support for people with a whole range of issues who may otherwise fall through the cracks and find themselves in even greater difficulty.

Councillor Debra Coupar, Executive Member for Communities

Last updated Fri 10 Mar 2017

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Fannie And Freddie: Low-Probability, Speculative Gambling – Seeking Alpha

Posted: at 3:38 am

(source)

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are low-probability binary bets, and the market's steep discounts to the stocks reflects the tiny likelihood of a shareholder favorable outcome.

Regarding the bullish coverage of Fannie and Freddie, one would be justified assuming the long thesis a slam dunk before the recent court decision proved it otherwise. For almost two years, a narrative suggesting the U.S government 'unfairly' stole private property prevailed. And while the analysis has been sound - it has been undeniably colored by bias.

Free market efficiency exists in everything, and when counterbalance is impeded, securities (or any other variable affected by dissenting factors) become mispriced. In the case of the GSEs, there is a lack of bearish voices to counterbalance the bullish thesis that has mislead investors for so long - not because it was a bad thesis, but because it was allowed to run without opposition.

The GSE court case argument to go long Frannie was based on a biased interpretation of a binary event just as the current bullish thesis rests on an even more unlikely binary event.

The Weak Case for Government Intervention

The bullish legal case for the GSEs has failed, and now investors turn to the Trump administration's Steve Mnuchin for salvation - analyzing every word he says for clues about his intentions. Regardless of the speculation, there is quantifiable evidence that the likelihood of a shareholder-favorable outcome to the GSE situation is a low-probability binary event.

As per the efficient markets theory, the likelihood of GSE privatization can be estimated by the valuations of the stocks themselves. For this example, we can use Fannie Mae:

Fannie Mae posts TTM revenue of almost $20 billion on a market cap of $3.38 billion. This translates to a P/S ratio of 0.16. The average industry P/S ratio is around 3-5, and if Fannie Mae were valued at its 2005 P/S of 3.75, the market cap would be around $75 billion - over 2000% upside from the current price.

FNMA Market Cap data by YCharts

We could say the market is discounting the stocks by 95.5% due to doubts about the possibility of privatization and other concerns - put another way, their risk-adjusted value is only 4.5% of fair value. This suggest the market assigns an extremely low probability of privatization in the GSEs. If the efficient market believed there was a substantial chance of GSE cash eventually going to investors, it would afford the GSEs a higher multiple on sales.

The Efficient Market

(Source)

Remember, the market is more rational than any specific investor or analyst, and so 5% should be assumed to be the likelihood of privatization in light of all the available evidence. Investors who are still not convinced should take a look at the financial situations of Fanny and Freddie: Giving these firms to private investors represents a serious economic risk because of their capital structure.

Fannie Mae, for example, is expected to pay $5.5 billion to the treasury this month. The size of this dividend is determined by taking the company's net worth (total assets less liabilities) of $6.1 billion and subtracting this number by the capital reserve of $600 million. This will be done for every quarter of 2017, and in 2018 the capital reserve will drop to zero as per the requirements stipulated in the amended conservatorship agreement.

With a capital reserve requirement of $600 million, Fannie is already very risky (without government support) considering the fact that it provided $635 billion in mortgages financing in 2016 and is the largest risk holder in the sector. Now, and especially when the capital reserve drops to zero, the viability of giving the GSEs to private investors represents a serious risk to the American economy. The firms still need government support because their capital reserves are too small to survive serious economic challenges without tax payer money.

What is the Trump administrations incentive to give the GSEs to private investors? Altruism?

Conclusion

The investing community has an incorrect perception about the nature of investing in the GSEs. Fannie and Freddie are not traditional investments but rather low-probability binary speculations that will likely end in disappointment. Investing in Fannie and Freddie is like gambling.

The low probability of success is reflected in the market's pessimistic valuation of these stocks. With a RAV of only 4.5% fair value - as determined by a P/S multiple of 3.75 - this is much like betting; the lower the probability of success, the greater the potential payout. Frannie's deep discount is not a bullish factor; it should be seen as a grave warning. Investors should only invest in Fannie and Freddie with money they are willing to lose.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

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Recall EXPANDED: Evanger’s Dog and Cat Food, sold nationwide … – fox6now.com

Posted: at 3:37 am


fox6now.com
Recall EXPANDED: Evanger's Dog and Cat Food, sold nationwide ...
fox6now.com
Out of an abundance of caution, Evanger's Dog & Cat Food is voluntarily expanding its recall of Hunk of Beef dog food, and is also recalling Evanger's Braised ...
Evanger's pet food recall due to euthanasia agent found in dog foodWRCB-TV
Recall of dog food tainted by death drug widened - USA TodayUSA TODAY
Dog Food Maker Expands Recall Over Contamination FearsOpposing Views

all 4 news articles »

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Recall EXPANDED: Evanger's Dog and Cat Food, sold nationwide ... - fox6now.com

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Groups push back against widening Quebec euthanasia law – The Catholic Register

Posted: at 3:37 am

OTTAWA Anti-euthanasia groups have expressed dismay at a political push in Quebec for advanced directives for dementia patients, following the murder of a woman by her caregiver husband last month.

If Quebec opens up euthanasia for those who sign advanced directives before they become incapacitated, the rest of Canada could follow, warns Aubert Martin, the executive director of the Quebec grassroots group Living with Dignity/Vivre dans la Dignit.

Quebecs euthanasia law is more restrictive than the federal law, limiting the killing of patients to those who have the capacity to consent and who are terminally ill.

Martin noted the federal euthanasia law passed last year included a study on contentious issues such as advanced directives and euthanasia for consenting minors and for those with mental illness. Whats happening in Quebec will have a great impact on the ongoing studies that started in December, he said.

The slippery slope is really a logical extension, said Alex Schadenburg of the Euthanasia Prevention Coalition. Once you legalize killing it becomes discrimination not to allow it for someone under 18, for mental illness alone, or for those with advanced directives.

The mistake was allowing it in the first place, he said. Now how do you put a lid on it?

Schadenburg expressed concern groups like his are not part of the federal government study, which instead seems to be relying on research from euthanasia advocates.

The pressure to open up euthanasia to the mentally incapacitated follows the laying of second-degree murder charges on Feb. 21 against Michel Cadotte for the death of his wife Jocelyne Lizotte, 60, who had Alzheimers disease.

Its going at a very fast speed, the pressure to include advanced directives, said Martin. At first, we were shocked by the reaction of the Quebec government and all parties, actually.

He noted the investigation into the death is only beginning and Cadotte had admitted on Facebook that he had cracked under the pressure of caring for his wife, who had been living in a long-term care facility.

Instead of questioning the lack of resources to support caregivers, the government and all parties jumped to the conclusion that we should open euthanasia to incapacitated people, Martin said.

Its quite shocking. Its not the kind of reaction we would expect a government to have. Its like they are eager to open the debate, as if they were waiting for that somehow.

The Physicians Alliance Against Euthanasia expressed sadness at Lizottes death and outrage at the loneliness her husband experienced, and that of so many other caregivers, relatives or spouses of patients suffering from Alzheimers.

But what is most disturbing is the reaction of politicians for whom the solution to this tragedy is to propose euthanasia by advance directive for people suffering from dementia, said the groups Feb. 27 news release.

Imagine killing a person, who does not ask to die, with composure, because earlier in her life she wrote that she did not want to get where she is now, the Alliance said, noting a case like this happened recently in the Netherlands where a woman had to be held down by her family while a doctor administered a lethal injection she resisted receiving.

Most people with dementia quickly lose consciousness of their condition, the Alliance said.

The vast majority are happy, in a safe and welcoming environment, whether in society, in family or in specialized residences.

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ASPCA reveals historic data for shelter pets: Adoptions are up, euthanasia is down – Today.com

Posted: at 3:37 am

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Go grab your favorite pet gently, gently and sit down to share some great news about shelter dogs and cats.

New data put out by the American Society for the Prevention of Cruelty to Animals, and shared exclusively with TODAY, shows that many fewer animals are landing in shelters in the United States. Those who do have a much, much better chance of getting out alive.

In 2011, 2.7 million animals per year were losing their lives. Today, that figure is 1.5 million, according to the ASPCA.

As of now, about 6.5 million cats and dogs per year are winding up in the country's animal shelters. That's 3.3 million dogs and 3.2 million cats. It's a positive change from the last time the ASPCA looked at this kind of shelter data in 2011. Then, the figure was 7.2 million.

On the adoption front things are getting better, too. About 3.2 million shelter animals are being adopted every year now, up from 2.7 million. In other words, an additional half a million cats and dogs are being adopted out of shelters annually.

RELATED: Monks induct stray dog into their brotherhood as Friar Mustache

Shelter euthanasia has correspondingly gone down. In 2011, 2.7 million animals per year were losing their lives. Today, that figure is 1.5 million 670,000 dogs and 860,000 cats. For those who don't love doing math: that's an additional 1.2 million animals per year whose lives are being saved.

And another bit of cheer: More pets entering shelters as strays are being reclaimed by their owners 710,000 lucky dogs and cats now, versus 649,000 in 2011.

Pumpkin the cat and Winnie the dog were adopted from different shelters, but now they are family.

What accounts for these improvements? Emily Weiss, the ASPCA's vice president for research and development, tells TODAY there are a number of likely factors.

One is that many shelters are doing away with cumbersome adoption procedures, in favor of what's known as "open adoptions" this helps more animals find their ways into loving homes.

At the same time, the increased availability of low cost and free spay/neuter surgeries is helping reduce the number of unwanted animals to begin with. Programs to help people care for their critters, even when they are going through rough times themselves, also keep pets out of the shelter. These include pet food banks, veterinary funds, and fosters to take pets temporarily while their owners are coping with an emergency.

RELATED: Dog left at shelter comes with heartbreaking letter from kid who loved him

Skeeter the dog loves his kitten, Roo.

Jurisdictions scrapping "breed specific legislation" laws that regulate pit bulls and other dogs based on breed or appearance, rather than behavior are an additional positive step. These breed bans, among their other ills, place an enormous barrier toward adoption.

Additionally, more folks are microchipping their cats and dogs, meaning more lost pets can be returned. (Though significantly more dogs than cats are microchipped, and returned, as of now so go microchip your cats!)

This all dovetails with a major cultural shift in how we, as a society, view our animal companions, says Weiss.

"They are increasingly viewed as a part of the family," she said in an email.

HarleyQuinn the dog and Memphis the kitten were both adopted from the city shelter in Brooklyn, New York.

But how can we do even better keep more animals out of the shelter, get more shelter pets into homes?

One important way is by expanding safety-net programs "to provide financially challenged pet owners with easy and affordable access to vital pet care services," said the ASPCA's president and CEO Matt Bershadker. "When communities focus on ways to keep pets in the safe and loving homes they have, more animals will be saved from suffering, and more room will be available at local shelters for other pets in need."

RELATED: Injured hiker has tearful reunion with the dog he had to leave behind

We can also work toward repealing the breed bans still in effect in hundreds of North American communities, put resources toward rehabilitating animals rescued from cruelty, and develop more robust transport networks to move homeless pets from parts of the country where they are unlikely to be adopted, to places with a shortage of adoptable animals.

Then there's the one tail-waggingingly easy way you can help right now.

"Make adoption your first option," said Bershadker. "There are still far too many amazing dogs and cats in shelters who need and deserve loving homes."

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Get Used to It, America: Brown People Are Here to Stay – Truthdig

Posted: at 3:36 am

Chief strategist Steve Bannon, right, looms large in Donald Trumps White House. (Evan Vucci / AP)

There might be a new favorite novel among American conservatives these days. No, its not Ayn Rands Atlas Shrugged, which extolled the virtues of selfishness as a justification for free-market capitalism and once held pride of place on right-wing bookshelves. Rands book may well be displaced by one often referred to by White House chief strategist Steve Bannon: The Camp of the Saints written in 1973 by French writer Jean Raspail.

Raspail paints a vivid and terrifying picture of white Europeans being overrun by hordes of savage, brown-skinned Indian migrants. In his paranoid and overtly racist novel, liberal sentiments about tolerance and diversity pave the way for territorial takeover. The book, which succumbs to every imaginable ugly stereotype of Indians, has seen a recent resurgence in sales and is favored by white supremacists and an increasing number of conservatives.

Bannon, Donald Trumps most trusted adviser, seems to fear that Raspails xenophobic dystopian vision offers an appropriate warning for the contemporary world. The Huffington Post cites numerous references Bannon has made to the novel over the past few years, most often with respect to Europes refugee crisis. For example, in 2015 he said, during an interview with then-Sen. Jeff Sessions, Its been almost a Camp of the Saints-type invasion into Central and then Western and Northern Europe.

It is hardly a leap to draw links between Bannons references to the horrifically racist Camp of the Saints and his authorship of Trumps Muslim ban. Bannon clearly fears nonwhite immigrants taking over the spaces inhabited by white Americans. He has said as much, stating in an inaccurate rant that there are too many Asian CEOs in Silicon Valley. Recent attacks on South Asians in the U.S. suggest that this fear is being acted upon by angry, resentful whites.

Bannons paranoia is reminiscent of the dark era of American McCarthyism, when fear of communists infiltrating every aspect of American government and society led to witch hunts, baseless accusations and ruined lives. Sen. Joe McCarthy of Wisconsin, who led the aggressive attacks, has been rightly judged by history to be a villain. But Bannon appears to think McCarthy should have been vindicated. In 2013, during an interview with a conservative author Diane West, Bannon said, The place was infested with either traitors that were on the direct payroll of Soviet military intelligence or fellow-travelers who were kind of compliant in helping these guys get along. I mean, theres absolutely no question of it. Referring to McCarthy being seen as a villain today, Bannon asked, How has pop culture so changed it that white is black and black is white?

It is highly ironic that in a series of bizarre and baseless rants on Twitter on Saturday, Trump invoked the idea of McCarthyism in claiming President Obama wiretapped his phones. But it is a habit of this administration to depict the opposite of truth as reality.

Bannons fear of immigrants taking over the U.S. is reflected in the politics of racial resentment that drove Trumps election. Whiteness as the default identity of the nation is threatened by demographic shifts toward a browner country, and the backlash has taken the form of President Trump.

But even if Trump succeeds in restricting people from some Muslim-majority nations from entering the U.S., and even if he tries to round up and deport as many undocumented immigrants as possible, it is too late to stop the demographic manifestation of whiteness from shrinking in the U.S. The year 2011 was the first time more nonwhite babies were born in the U.S. compared with white babies, and 2050 is projected to be the year when the nation as a whole will become a majority minority state.

This inevitable trend frightens many white Americans. A 2014 psychology study showed as much, reporting that white respondents reacted negatively to ideas of diversity and multiculturalism when presented with graphics of this trend. One reviewer concluded that the study proved that when white people sense their special status is threatened, it changes how they view politics and the world. He added, quite presciently, Certainly worth keeping an eye on as American politics adapt to a changing demographic landscape.

We may imagine that young whites are more progressive than their elders. It is an often-expressed sentiment that racism in the U.S. will simply die out along with older, white Americans. A look at those who voted for Trump in last Novembers election reveals otherwise. Forty-eight percent of white Americans ages 18-29 voted for Trump, compared with 43 percent who voted for Hillary Clinton. Studies confirm that youthfulness among whites does not tame racist sentiments. Bannon, Trump and their ilk are desperately trying to save the sinking ship of white supremacy and are counting on white Americans, young and old, to back them.

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Will: A wry squint into our grim future – Opinion – Daily Commercial … – Daily Commercial

Posted: at 3:36 am

By George Will The Washington Post

WASHINGTON -- Although Americas political system seems unable to stimulate robust, sustained economic growth, it at least is stimulating consumption of a small but important segment of literature.

Dystopian novels are selling briskly Aldous Huxleys Brave New World (1932), Sinclair Lewis It Cant Happen Here (1935), George Orwells Animal Farm (1945) and 1984 (1949), Ray Bradburys Fahrenheit 451 (1953) and Margaret Atwoods The Handmaids Tale (1985), all warning about nasty regimes displacing democracy.

There is, however, a more recent and pertinent presentation of a grim future. Last year, in her 13th novel, The Mandibles: A Family, 2029-2047, Lionel Shriver imagined America slouching into dystopia merely by continuing current practices.

Shriver, who is fascinated by the susceptibility of complex systems to catastrophic collapses, begins her story after the 2029 economic crash and the Great Renunciation, whereby the nation, like a dissolute Atlas, shrugged off its national debt, saying to creditors: Its nothing personal. The world is not amused, and Americans subsequent downward social mobility is not pretty.

Florence Darkly, a millennial, is a single mother but such mothers now outnumber married ones. Newspapers have almost disappeared, so print journalism had given way to a rabble of amateurs hawking unverified stories and always to an ideological purpose. Mexico has paid for an electronic border fence to keep out American refugees. Her Americans are living, on average, to 92, the economy is powered by the whims of the retired, and, desperate to qualify for entitlements, these days everyone couldnt wait to be old. People who have never been told no are apoplectic if they cant retire at 52. Antibiotic-resistant bacteria are ubiquitous, so shaking hands is imprudent.

Soldiers in combat fatigues, wielding metal detectors, search houses for gold illegally still in private hands. The government monitors every movement and the IRS, renamed the Bureau for Social Contribution Assistance, siphons up everything, on the you-didnt-build-that principle: Morally, your money does belong to everybody. The creation of capital requires the whole apparatus of the state to protect property rights, including intellectual property.

Social order collapses when hyperinflation follows the promiscuous printing of money after the Renunciation. This punishes those who had a conscientious, caretaking relationship to the future. Government salaries and Medicare reimbursements are linked to an inflation algorithm that didnt require further action from Congress. Even if a Snickers bar eventually cost $5 billion, they were safe.

In a Reason magazine interview, Shriver says, I think it is in the nature of government to infinitely expand until it eats its young. In her novel, she writes: The state starts moving money around. A little fairness here, little morefairness there. ... Eventually social democracies all arrive at the same tipping point: where half the country depends on the other half. ... Government becomes a pricey, clumsy, inefficient mechanism for transferring wealth from people who do something to people who dont, and from the young to the old which is the wrong direction. All that effort, and youve only managed a new unfairness.

Florence learns to appreciate the miracle of civilization. It is miraculous because failure and decay were the worlds natural state. What was astonishing was anything that worked as intended, for any duration whatsoever. Laughing mordantly as the apocalypse approaches, Shriver has a gimlet eye for the foibles of todays secure (or so it thinks) upper middle class, from Washingtons Cleveland Park to Brooklyn. About the gentrification of the latter, she observes: Oh, you could get a facelift nearby, put your dog in therapy, or spend $500 at Ottawa on a bafflingly trendy dinner of Canadian cuisine (the citys elite was running out of new ethnicities whose food could become fashionable). But you couldnt buy a screwdriver, pick up a gallon of paint, take in your dry cleaning, get new tips on your high heels, copy a key, or buy a slice of pizza. Wealthy residents might own bicycles worth $5K, but no shop within miles would repair the brakes. ... High rents had priced out the very service sector whose presence at ready hand once helped to justify urban living.

The (only) good news from Shrivers squint into the future is that when Americans are put through a wringer, they emerge tougher, with less talk about ADHD, gluten intolerance and emotional support animals.

Speaking to Reason, Shriver said: I think that the bullet we dodged in 2008 is still whizzing around the planet and is going to hit us in the head. If so, this story has already been written.

George Will (georgewill@washpost.com) is a columnist for TheWashington Post.

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What Is Wrong In Washington? – CleanTechnica

Posted: at 3:36 am

March 9th, 2017 by George Harvey

By the early 1900s, express passenger trains were fast enough that their stopping distances were well over a mile. At such a distance, if the engineer of a train saw something blocking the track ahead, it was usually already too late to stop the train in time to avoid a collision.

Accidents were avoided with signals, which had come into use in the 19th century. An engineer who saw a signal to proceed could have a high degree of confidence that the railroad was clear all the way to the next signal, even though he could not see that far ahead. But if the signal told him to stop, there was often no telling what the problem might be. A train could be stalled. A bridge could be out. There could be a wildfire. Even though many tracks were supposed to carry only trains going in the same direction, in an emergency a train might be coming from the opposite direction.

Let me put a question to you. Suppose someone decided to ignore a signal to stop. Perhaps he wants to keep up with his schedule. Perhaps he suspects the signal was broken. He has a train loaded with passengers, but he ignores their safety because he finds protecting their lives inconvenient. Suppose you were on a train whose operator did this. How would you feel about that?

That image is, unfortunately, where the United States is on climate change, under the Trump administration. It is headed toward a possible wreck, against the signal. In fact, the person at the throttle is making every indication of increasing speed.

Some people take comfort in the idea that the government in Washington is under the control of conservative Republicans, who are acting in good faith for the benefit of the people of this country. As a person who lived most of his life as a conservative Republican, I can assure you that this is not the case.

Conservative Republicans have historically protected the environment. Abraham Lincoln, Ulysses S. Grant, Theodore Roosevelt, and Richard Nixon all signed acts or orders protecting environments, ecological systems, and species. They were responsible for national parks, wildlife preserves, and the creation of the Environmental Protection Administration (EPA). If they thought science was undecided on an issue, they erred on the side of caution, as Ronald Reagan did when he was confronted with the possibility of a hole in the ozone layer. What we see now is the reverse of this aspect of conservatism.

It is not the only area of traditional thinking that is being assailed. They claim to have Christian values, but attempts to exclude Muslims show clearly that they understand neither the Constitution nor the parable of the Good Samaritan. They do not hold to real conservative ideas on human rights, which many in the party started to abandon in the 1960s, shortly after Eisenhower enforced integration in the schools. They do not show a conservative approach to the empirical use of financial resources, for if they did, they would not be attempting to gut the EPA, which saves the country 10times as much money as it costs. They are not interested in education, which I was taught was necessary foreffective democracy. They are not interested in truth, and, in fact, appear to be horrified by it. Instead, they choose to follow ideology blindly.

A short look at the group in power in Washington shows that they do not represent the people of the country. They do not even represent traditional Republicans. In fact, they do not even represent big business. What they represent is the small portion of businesses and people that profit from fossil fuel extraction.

To excuse their deeds, many of them look for ideological guidance to the writings of Ayn Rand. And here, I believe, we can see where they have gone wrong. Ayn Rand is taken to be a great proponent of competence, but if you take a critical look at her writings, you can see fairly quickly that neither she nor her protagonists has any idea of what competence is.

Dagny Taggart was a main character of Atlas Shrugged. Early in the book, as an officer of a railroad, she ordered an express train full of passengers to proceed against a signal without any knowledge of why the signal told the train not to proceed. She did not belong in a railroad boardroom because of some ability she might have had. She belonged in prison because she recklessly endangered peoples lives for the sake of a schedule and her own convenience.

Ayn Rand did not understand that competence requires understanding and wisdom, and that means experience and knowledge. She was unable to see that assertive self-assurance, in the absence of wisdom and understanding, is merely a self-promotional form of gross incompetence. So she wrote about things she did not understand, creating horrors that looked attractive to people who also do not understand.

Combining the mindless egotism of Ayn Rand with what is termed a Free Market is having disastrous results. What is meant by Free Market is clearly anything but free, as it provides a framework within which the most powerful forces can exercise their greed without reference to the needs or rights of others. This concentrates power into the hands of a very few. It is a very few that may be competent at organizing a business or engineering takeover of a political system, but it is not made up ofpeople who can competently run a nation full of people in a world in such a crisis as climate change.

Adherence to Rands ideology is sufficiently blind that it ignores virtually all else. While conservative Republicans may claim other important issues on their agenda, hijackers have made it all subject to the free market, and the conservatives have been sufficiently grateful to the hijackers for their partys takeover of the Congress, that they have allowed themselves to be led by them.

This sort of capitalism is very flawed in part because it places the emphasis on the near term typically, next quarters profits. It fails badly at long-term planning. And it fails utterly at putting value on anything that cannot be monetized in the marketplace. The environment only has value if it is in a park that can attract paying visitors. A species only has value if it can be exploited. Science and truth only have value if they contribute to short-term profitability. For the current government in Washington, dignity has no value, honor has no value, and grace has no value. Faith, hope, and charity have given way to the of a religion that can be monetized, the worship of Mammon.

Even as the cost of dealing with climate change is growing, the cost of electricity from wind, solar, and storage is falling to the point where they can compete successfully with natural gas. The question is not, I believe, whether the fossil fuels industry is heading to a derailment, but how many plants, animals, and human beings will be hurt.

A real conservative pays attention to signals.

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Tags: American politics, Donald Trump, Global Weirding, Republicans

George Harvey After many years as a computer engineer, George Harvey retired. Now he writes on energy and climate change, maintains a daily blog on the same subjects, and has a weekly hour-long TV show, Energy Week with George Harvey and Tom Finnell.

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What Is Wrong In Washington? - CleanTechnica

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Why Israel Matters – Being Libertarian

Posted: at 3:35 am


Being Libertarian
Why Israel Matters
Being Libertarian
A famous political commentator once compared getting a consensus among libertarians to herding cats, he wasn't wrong. Those who identify as libertarians range from the classical liberals (in the mold of our Founding Fathers) to those libertines who ...

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Why Israel Matters - Being Libertarian

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Meet Your (Possible) 2017 Virginia Libertarian Candidate for Governor – Blue Virginia (press release) (blog)

Posted: at 3:35 am

According to VPAP, it looks like theres going to be a Libertarian candidate (named Jason Carrier) for governor of Virginia, assuming of course that hes able to make the ballot (not an easy matter in Virginia). Heres some of what he has to say on his Facebook page. To put it mildly, hes not a fan of liberals, progressives, Democratsall of whom he seems to think are socialists, which he also believes are identical to National Socialists, whichyeah, dont ask.

If we are tired of how the government taxes us, spies on us, restricts our liberty, it is up to regular Americans (Farmer, Truck Drivers, Veterans, IT nerds) to run for office.

So for those of you who dont know, I am running for Governor of Virginia as the Libertarian candidate. The party asked and I said yes. I have never been a politician and I am going to need all the help I can get. This means volunteers and fund raising, etc. The first step is getting 10,000 names ballot petition. If you are interested in helping please let me know. I will be setting up website, and other items I hope this week. If you are interested in helping please PM me. If you have any questions about the LP party where we stand on issues ask them here, I will do my best to answer them.

As a Libertarian I support withholding all federal funds from all states they should stand on there own as much as possible and reject all federal mandates not in the constitution

I keep hearing people refer to Trump as Orange Hitler. I dont understand this label. Hitler was a socialist Trump is into Cronyism. Hitler build camps to keep people in Germany, Trump says he wants to throw people out. Although deportations are down. Hitler passed Universal Health Care, Trump says ObamaCare will be repelled, although he has not done it yet. Hitler passed 100% Gun registration and bans for people that were unstable, Trump says he supports the second amendment. Hitler believed in free education, Trumps says pay your own way. Hitler wanted to tax the rich to pay for social programs, Trumps say 15% flat tax. Hell based on the analysis of the Nazis party platform, Hitler would be head of the Democratic National Community. Just saying these are fact. Call Trump and asshole if you want, but Hitler is a bit of a stretch

I was talking today about the Federal land grabs out west, specifically Utah and Nevada. It is like the government is trying to round it citizen up put them into reservations where they have to buy water, food, shelter, and medical from them. It just seems wrong to me.

This meme is funny but historically inaccurate Nazis were socialists people rioting and burning books are socialists same shit different time

I going to post this and I am sure it is going to piss off my fellow Libertarians. I saw Trump signed an executive order that for every new regulation passed two had to be taken away. This is pretty awesome. So could he be the Libertarian president we were hoping for? Internet trolling done now to work

So ODU just released a study that shows Clinton got at least 800,000 votes from non citizen can we now get voter ID laws. I dont want Republicans to cheat either. Libertarians please feel free to cheat as much as we need to

Love me some Ron Paul

I am not a Trump supporter, but if you are attacking black performers for reaching across the aisle and calling them every racist slur in the book, you are an asshole. I heard what people called Steve Harvey, it is not acceptable.

If they lived in reality they would not advocate Socalism. It has failed for 100 years, and killed 200 million people, but lets give it one more try, with the most technically advanced military in the world, what could go wrong

Nazis were national Socalist party of Germany, same as USSR. I dont know why we dont teach this

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Meet Your (Possible) 2017 Virginia Libertarian Candidate for Governor - Blue Virginia (press release) (blog)

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