Archive for 2019

INSTAPUNDIT,PJMEDIA ALSO RED-TAGGED AT FACEBOOK:

Okay, it’s not Facebook per se, but NewsGuard. Which still shows Media Matters as trustworthy.

TRANS ATHLETES: The Death Of Women’s Sports. “Most people don’t care how anyone else identifies. If you’re trans, most people want you to live your life however you see fit, just as long as it doesn’t hurt them. But that’s the crux of the situation. If a biological woman invests a lot of time preparing for a competition, and then the playing field becomes significantly un-leveled, it does hurt her.” Your feelings don’t matter, though, unless you’re a member of the current Special Group. That used to include women, but not anymore.

AN IDEA WHOSE TIME HAS COME (AGAIN): Make Congress Congress again.

The Constitution’s separation of powers is premised in part on each branch being “jealous” of its own powers. What the Founders failed to plan for was a Congress eager to ditch its load onto the Executive.

SO A FRIEND ON FACEBOOK SHARED WILLIAM ANDREW LOOMIS’S PAINTING, “GOING TO CHURCH,” AND I WAS STRUCK: What would have looked ultra-conventional when it was painted seems downright subversive now.

CHANGE: Turkey Enters First Recession Since The Financial Crisis.

For much of the past decade, capital poured into Turkey during an era of record monetary stimulus around the world driven by Erdogan’s push for growth at all costs and his pressure on the central bank to keep interest rates low. However this uninterrupted expansion that boosted the economy by an average of nearly 7% each quarter since late 2009 ended abruptly following a currency crash, policy missteps and an unprecedented diplomatic rift with the U.S, Bloomberg reported.

“This is an indictment of Erdonomics and a direct consequence of a monetary policy in 2018 conducted in the interests of short-term political expediency rather than economic pragmatism,” said Julian Rimmer, a trader at Investec Bank Plc in London.

The recession lays out the dilemma facing both Erdogan and his central bank: while the country desperately needs lower rates to preserve its impressive economic growth rate, inflation remains solidly in the double digits, and any interest rate cuts threaten to unanchor the lira, sending it tumbling once again and unleashing runaway inflation. Meanwhile, investors are worried that that Turkey will face a long slog to recovery as the torrent of foreign capital dries up while households and companies begin paying down debts. Indeed, private consumption tumbled at a whopping 8.9% last quarter, with Turkey’s GDP per capita falling to $9,632 from a little over $10,000 in 2017.

“At least we aren’t Venezuela” isn’t much of a campaign slogan.