Author Archive: Stephen Green

CHANGE: Venezuela Eases Currency Controls Amid Economic Meltdown.

Venezuela repealed portions of laws governing foreign exchange, enabling businesses and individuals to swap money at designated trading houses and increasing access to hard currency after more than a decade of strict controls.

The changes passed by the politically omnipotent constituent assembly Thursday are to take effect Aug. 20, when the government is simultaneously planning to slash five zeroes off denominations of its near-worthless bolivar currency. Inflation that could reach 1 million percent this year and a deep depression have forced President Nicolas Maduro to begin dismantling a Byzantine system that has left citizens desperate for food and medicine.

Well, good. But it’s weird how the new Assembly’s wider powers failed to stem the country’s currency woes and they ended up having to inject a little capitalism back into the system.

LIZ SHELD’S MORNING BRIEF: Public Enemies and Much, Much More. “Yesterday, White House Press Secretary Sarah Huckabee Sanders performed a beat down on anti-Trump resistance activist Jim Acosta of the political street gang known as CNN.”

SHE’S STILL GOT IT: Navy’s Old Harpoon Anti-Ship Missile To Get New Tricks After Scoring Six For Six At RIMPAC.

During the U.S. Navy’s giant Rim of The Pacific (RIMPAC) international naval exercises, which occurs every other year off the coast of Hawaii, six Harpoons of various sub-types were fired off at targets, which include two decommissioned warships, the ex-USS Racine and the ex-USS McKlusky. These six missiles were fired from U.S. and Australian P-8 Poseidon maritime patrol aircraft in the air, from the Singaporean frigate RSS Tenacious on the ocean’s surface, and from an American Los Angeles class fast attack submarine from below the waves.

Out of the six missiles fired, every one of them worked just as advertised, resulting in an awesome showing for Boeing’s supposedly near-obsolete anti-ship missile.

What’s really remarkable is that the US-fired missiles probably spent the last 20 years in storage.

ASHE SCHOW: Study Shows Liberal Universities Show Liberal Bias Even In Tweets.

Andrew Selepak, a researcher at the University of Florida, analyzed more than 1,000 tweets sent by the top 25 and bottom 25 universities on the U.S. News and World Report’s 2016 college ranking. He found that more than 80% of the tweets were politically neutral, but tweets that included political statements by the top 25 schools were overwhelmingly liberal, according to Campus Reform’s Toni Airaksinen.

“Among the elite universities, for example, Selepak documented 87 pro-liberal tweets in comparison to 30 pro-conservative tweets, whereas less prestigious colleges sent out more politically balanced tweets: 35 liberal tweets compared to 30 conservative-leaning tweets,” Airaksinen wrote.

Honestly I would have expected the numbers to be much more lopsided. Perhaps Selepak could gather a larger sample, because 1,000 tweets is not that many.

BECKET ADAMS: CNN contributor (wrongly) accuses Trump of treason.

They keep using this word. I do not think it means what they think it means. Ret. Lt. Col. Ralph Peters, who fled Fox News for CNN in March, accused President Trump this week of treason.

“Collusion outright may not be a crime in and of itself,” he said in an interview with CNN’s Anderson Cooper, “[but] treason is a crime. Collaborating and conspiring with a hostile foreign power against the United States is a crime.”

Peters added, “Receiving material support, clandestine material support from a hostile foreign power is a crime. And we get to the people around Trump. Money laundering is a crime. Tax fraud is a crime. Lying under oath is a crime.”

Let’s back this train up for a second and look at his treason allegation. The politest way to respond is to say: He’s full of it.

I’ve enjoyed reading Peters’ novels since the late ’80s. Red Army, The War in 2020, and especially Flames of Heaven remain favorites to this day. And his non-fiction work for the US Army War College magazine Parameters during the Nineties and early Naughts was always brilliant and frequently prescient.

But lately he’s really come unhinged.

TYLER O’NEIL: RNC Declares War on the Kochs. “Tells donors it is ‘NECESSARY’ to keep the Party in business.”