The Loser Party

Source: RealClearPolitics
by Debra J Saunders

“During the usual midterm elections, a 50-50 Senate could be expected to fall to the opposition party. Yet with victory obtainable, Sen. Rick Scott, R-Fla., chairman of the NRSC, has chosen to use his power to promote Trump, who isn’t on any ballot. ‘Still my president,’ reads one NRSC slide as if the mayor of Mar-a-Lago is on the ticket. Here Scott has something in common with President Joe Biden. Biden also wants to make 2022 not about his flailing administration but about Trump.” (09/08/22)

US jobless claims fall to 3 1/2-month low of 222,000; layoffs still near record low

Source: MarketWatch

“The number of people who applied for unemployment benefits in the first week of September fell to a 3 1/2-month low of 222,000, a sign layoffs are still near a record low even as the U.S. economy softens. New jobless claims declined by 6,000 in the seven days ended Sept. 3 from a revised 228,000 (initially 232,000) in the prior week. New claims have dropped four weeks in a row. … The economy has slowed due to rising interest rates orchestrated by the Federal Reserve to try to rein in high inflation. Yet the labor market remains quite strong and that could make the Fed’s job harder. The central bank wants hiring to slow to ease the worst labor shortage in modern times and restrain the growth in worker pay. The Fed worries that rapidly increasing wages could fuel more inflation.” (09/08/22)

Pinning the Tail on Satoshi Nakamoto — How Journalists Erroneously Used Circumstantial Evidence Over the Years to Identify Bitcoin’s Creator

by Jamie Redman

“The search for Satoshi Nakamoto, Bitcoin’s mysterious inventor, has been an ongoing hunt for the last 13 years. Since 2014, dozens of so-called candidates have appeared, but none of them have convinced the greater community that they are Bitcoin’s creator. Furthermore, journalists from publications like Newsweek have pointed to a few specific individuals, and nearly every one of them has denied playing a role in the creation of the world’s leading crypto asset.” (09/08/22)

How to Fight Mass Incarceration and Win

Source: In These Times
by Mark Engler & Paul Engler

“In the late spring and summer of 2020, protests for racial justice erupted in response to the police murder of George Floyd. Mobilizations spread throughout the country and continued for months, producing what scholars identified as arguably the largest wave of mass protest in U.S. history. However, as with other surges of popular uprising, the actions died down over time. At that point, critics claimed that protesters made a lot of noise and drew public attention but were unable to translate their discontent into concrete policy gains. When the moment of peak protest passed, these detractors held, the movement disappeared with little to show for its efforts. This narrative overlooks ongoing organizing efforts that have made important gains both before and after mass protests captured the spotlight. And there are few better places to see such organizing in action than Los Angeles County.” (09/07/22)

A Way Out

Source: American Institute for Economic Research
by Antony Davies

“‘Saving’ Social Security is a fool’s errand because it can’t be saved. People who were above retirement age when the program began received retirement benefits even though they had never paid into the system. This made Social Security a Ponzi scheme rather than a savings plan. Ponzis end when they run out of new investors to pay off the old investors. And, as with all Ponzi schemes, extending Social Security’s life doesn’t make the insolvency go away. It just shifts the insolvency to a future generation where it will be an even bigger problem than it is now. The only way to escape from a Ponzi scheme is to shut it down. We don’t need a fix for Social Security. We need a way out. And it turns out that there is a way out.” (09/08/22)

The Anti-Monopoly Fight Will Be in the States

Source: The American Prospect
by Robert Hitt

“Rising consumer prices, reduced worker power and lower wages, clogged ocean ports, baby formula shortages, and higher health care costs are symptoms of a larger problem: corporate concentration. Antitrust advocates are pushing for elected officials to make fighting corporate power a priority, and the public seems to agree with them. A majority of Americans have been ‘somewhat dissatisfied’ or ‘very dissatisfied’ about the size and influence of major corporations for two decades, with the share of ‘very dissatisfied’ more than doubling, from 17 percent in 2002 to 42 percent in 2022. Meanwhile, market concentration has been on the rise, with the number of annual corporate mergers increasing almost sevenfold between 1985 and 2020. But with federal antitrust legislation looking increasingly unlikely in the near term, as David Dayen reports, the main battles against concentrated corporate power may play out in the states.” (09/08/22)

NASA’s Asteroid-Smashing DART Mission Snaps First Look at Its Target

Source: CNet News

“The moonlet Dimorphos is strolling through space with its larger asteroid companion Didymos, minding its own business, blissfully unaware of what’s coming. Meanwhile, NASA’s DART spacecraft is eying Dimorphos like a crouched cat preparing to pounce. On Wednesday, NASA released DART’s first view of its target, a long-distance look at the Didymos system. DART stands for Double Asteroid Redirection Mission. The spacecraft will fling itself into Dimorphos to try to change its orbit around Didymos. All this effort is in the name of planetary defense and figuring out if hulk-smashing a dangerous asteroid could nudge it away from impacting Earth some day in the future.” (09/08/22)

My Prediction on the CIA’s Secret Assassination Files

Source: Future of Freedom Foundation
by Jacob G Hornberger

“This coming December 15 is the date that President Biden set for the release of the CIA’s long-secret JFK-related records. I would like to place my prediction on the record three months in advance of that deadline. I predict that the CIA will, once again, request Biden to, once again, extend the time for secrecy. Further Biden, citing national security, Covid, the communist threat, the Russian threat, the terrorist threat, or some other nonsensical justification, will grant the CIA’s request for continued secrecy of its assassination-related records. There has to be a good reason that the CIA has steadfastly insisted on keeping those records secret for more almost 60 years. Whatever that reason is, it is obvious that it has not disappeared. Otherwise, the CIA would have authorized U.S. presidents to release its long-secret assassination-related records a long time ago.” (09/08/22)