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HALF-FULL REPORT 02/26/16

 

Brilliant, or Too Little Too Late?

GOPdbate2016This week: South Carolina and Nevada; debate wrap-up; is Trump inevitable, and is Ted dead? (Answer: not necessarily.)

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Also, Trump's big endorsements, Hillary's dangerous Hispanic defections, the geopolitical earthquake of U.S. oil exports, the very real possibility of Brexit and what might come next, and Republican spines reappear in the Supreme Court fight. All this and a lot more in this week's Half-Full Report.

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THE SC AFTERMATH

History is pre-determined by prevailing economic conditions, said Karl Marx, which indicates he knew as little about history as he did about economics.

History has been shaped by what people who could influence events did or did not do.

Because men like Walsingham and Washington are rare, and men like Ewell and Chamberlain are not, human events are determined more by the ignorance, stupidity, cowardice, vanity, selfishness and greed of people in a position to influence them than by their virtues.

That’s why a thin-skinned misogynist demagogue who largely shares the “Progressive” views of Hillary Clinton (and lies as often as she does) could become the clear frontrunner for the Republican nomination for president.

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SCARED WITLESS

[Skye’s posts on the Forum are among the most valuable assets to being a TTPer. His is the voice of calm reasoned argument. I have treasured his friendship for well over 40 years. As someone whose IQ could not be measured by MIT as it went so far beyond the upper measurable limit of 220, Skye’s words deserve our careful consideration. --JW]

Everyone is scared witless by the potential outcome of the upcoming election.  Some more, some less – but there is more than enough reason for much of these fears. 

Conservative, libertarian, and constitutionalist Republicans fear populist Republicans.  Establishment Republicans fear all of the above and vice versa.  Establishment Democrats fear populist/socialist Democrats and vice versa.  Republicans fear Democrats, Democrats fear Republicans, and Independents fear both.

Unfortunately, these severe fears are not paranoid delusions.  The central government has become so powerful, so out of control of both the Constitution and the electorates, so deeply wrapped around the roots of everyone’s everyday life, that the “other” truly has become an existential threat.

 

The only hope that I can think of for escape from the onrushing Armageddon of Americans warring against Americans with the guns of the central government is restoration of constitutional restraints on the central government.

Thus the vital question: who among the various candidates is the most determined to restore constitutional limitations on the central government?

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NOT SO FAST, DONALD

In his victory speech in South Carolina, Donald Trump vowed to sweep the twelve primaries held on Super Tuesday, March 1, and implied the race would then be over: “Let’s put this thing away!”

He also belittled rivals who claimed that as the field shrinks, they will be able to close on Trump and deny him the nomination. “They’re geniuses!” he mocked. “They don’t understand that as people drop out, I’m going to get a lot of those votes also.”

Not so fast, Donald.

Trump is the front-runner, but he has to find a way to win a majority of the delegates, and the kind of campaign he’s running is making it harder for him to crack a ceiling of about a third of the vote.

In the run-up to South Carolina, Trump came out in favor of the health-care mandate, defended Planned Parenthood, accused George W. Bush of lying about the Iraq War, and stood by his call to impeach Bush. (He later retreated on the mandate and on Bush’s supposedly lying.)

His consistent inconsistency helps explain why only four in ten GOP voters in a new Associated Press poll view Trump in a positive light. He will have trouble growing his coalition to win a majority of delegates, even as more candidates drop out.

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US SHALE REVOLUTION WILL RUIN RUSSIA, IRAN, AND OPEC

The current crash in oil prices is sowing the seeds of a powerful rebound and a potential supply crunch by the end of the decade, but the prize may go to the US shale industry rather OPEC, the world's energy watchdog has predicted.

America's shale oil producers and Canada's oil sands will come roaring back from late 2017 onwards once the current brutal purge is over, a cycle it described as the "rise, fall and rise again" of the fracking industry.

"Anybody who believes the US revolution has stalled should think again. We have been very surprised at how resilient it is," said Neil Atkinson, head of oil markets at the International Energy Agency.

Contrary to widespread assumptions, the IEA report said Saudi Arabia and the OPEC club will lose market share, treading water as North America and Brazil's "pre-salt" basin in the Atlantic account for most of the growth in global output by the early 2020s. Algeria, Venezuela, Nigeria and Indonesia are all going into decline.

Iran’s fields are 70 years old and on the wane, while Russia will be the biggest casualty of all.

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THE ECONOMICS OF ALICE

MadhatterWhat the world’s major central banks have been doing is not working. Rather than go back to the tried and true, they are now digging in deeper on policies that are bound to fail, such as the move to negative interest rates, which many will find personally harmful.

The first bank-like institutions started more than 2,000 years ago by serving as a place for safekeeping of one’s gold and silver coins, with the understanding that the “bank” would lend out some of these coins in exchange for a payment — known as interest.

But now the financial world has been upended with the efforts of the major central banks to ...

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PRICELESS

Dan wakes up with a huge hangover after attending his company's Christmas Party.

Dan is not normally a drinker, but the drinks didn't taste like alcohol at all and he got carried away.

He didn't even remember how he got home from the party. As bad as he was feeling, he wondered if he did something wrong. Dan had to force himself to open his eyes, and the first thing he sees is a couple of aspirins next to a glass of water on the side table.

And, next to them, was a single red rose!!

Dan sits up and sees his clothing in front of him, all clean and pressed. 

He looks around the room and sees that it is in perfect order, spotlessly clean; so is the rest of the house.

He takes the aspirins, cringes when he sees a huge black eye staring back at him in the bathroom mirror. 

Then he notices a note hanging on the corner of the mirror written in red with little hearts on it and a kiss mark from his wife in lipstick:

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HALF-FULL REPORT 02/19/16

ScaliaThis week: Scalia's legacy, Democrats on late-term Supreme Court nominations past, the question of whether Republicans will find their spines, and whether they can avoid a recess appointment even if they do.************ Also, Sanders surges against Hillary both nationally and in Nevada, Cruz surges against Trump both nationally and in South Carolina, and Trump and the Pope have (separate) meltdowns. ************Plus, the meltdown of U.S. foreign policy in Iran and North Korea, contempt for Obama in Moscow, and a graphical representation of the real enemy. ************It's all right here, in this weeks' Half Full Report.

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BERNIE IN INDIA

Cochin, Kerala, India. Welcome to India’s Malabar Coast, known as the Garden of Spices for 5,000 years.

Trade routes for black pepper and other spices were established with ancient Sumer by 3,000 BC, and continued with Babylon, Egypt, Greece and Rome. By 573 BC, there was a flourishing Jewish merchant community here.

In 52 AD, St. Thomas the Apostle, one of Jesus’ 12 Disciples, arrived in Cochin to establish one of the very earliest Christian churches, which continues to thrive today, the St. Thomas Christians.

After Vasco da Gama’s pioneering a sailing route from Portugal around Africa to here in 1498, the Portuguese made Cochin the center of their spice trade, ruling here for 163 years and further cementing Christianity.

They were followed by the Dutch, then the British, thus after almost 2,000 years, it is little wonder that there are Christian churches of various denominations everywhere and devoutly attended – from huge centuries-old cathedrals to modern glass temples: [see photos in main text]

Thus it is also little wonder that Kerala is India’s most prosperous state, with many people living very well:

But where there is prosperity, there is envy. So it is little wonder too that Kerala is the bastion of the Communist Party of India (CPI), and of the Communist Party of India-Marxist (CPI(M)) for whom the CPI isn’t sufficiently filled with envious hate:

The Hammer and Sickle is ubiquitous:

Bernie Sanders would feel right at home.

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