Roseanne Barr’s abhorrent tweet, comparing Obama presidential adviser Valerie Jarrett to an ape, once again put race front and center in the national discourse, where it should remain. Racism’s most odious form, though, is when it appears as official policy, as is the case with the “Black Identity Extremist” classification recently adopted by the FBI. OPINION The “Black Identity Extremist” label was revealed last year in an FBI report leaked to the press, provoking a firestorm of criticism from civil-liberties and racial-justice groups. They alleged that the FBI was reverting back to its counterintelligence practices of decades ago — COINTELPRO — when it criminally targeted, infiltrated and disrupted protest organizations such as the Black Panther Party, leading to the imprisonment and death of many. The leaked FBI report, titled “Black Identity Extremists Likely Motivated to Target Law Enforcement Officers,” was dated Aug. 3, … [Read more...] about Racism is most odious when it’s government policy
Last Updated Aug 24, 2009 5:52 AM EDT It is good to generate power using renewable sources like the wind. The Spotted Owl is good as well. In the State of Washington the Spotted Owl is more good then wind power. The state's Department of Natural Resources (DNR) was thinking of leasing a few thousand acres of land to a lumber company for a possible wind farm. Windmills may be built along a ridge line to catch the wind. Unfortunately for the DNR the land being considered is also a Great Northern Spotted Owl "emphasis area". This land is already restricted for logging which may be why SDS Lumber might be thinking about going into the energy business with some of their own land. The Federal Government through the Endangered Species Act gets to play a big role in the management as does any number of groups or citizens willing to sue over it. The DNR after having gone through a fight recently over another tract of land and another endangered species has decided that it is not worth … [Read more...] about When Dueling Government Policies To Save The World Collide
Last Updated Feb 18, 2011 1:40 PM EST Both investors and the financial media spend much of their time and efforts trying to determine what (if any) changes there will be in government policies and how the changes will impact stock prices. This focus increases during periods of financial crises. The questions for investors and policy makers are:What impact will uncertainty about government policies have on stocks prices? What impact will the actual announcements have? In their paper "Uncertainty About Government Policy and Stock Prices," Lubos Pastor and Pietro Veronesi considered two types of uncertainty: Policy uncertainty relates to the uncertain impact of a given government policy on the proï¬?tability of the private sector. Political uncertainty captures the private sector's uncertainty about whether current policy will change. They found that both types of uncertainty affect stock prices in important ways. The following is a summary of their findings: The … [Read more...] about How Uncertainty About Government Policy Affects Stock Prices
(MoneyWatch) With the elections dominating the headlines, it's a good time to discuss how government policy decisions affect stock prices. For those hoping to hear that specific policies will cause the market to jump, sorry to disappoint you. It's not so much the actual announcement that affects stocks, but whether the markets were expecting it. Government policies shape the environment in which businesses operate in many ways -- taxes, subsidies, regulations, labor laws, environmental policies, trade policies, and so on. Rule changes can bring reactions in financial markets. If the change is anticipated, the reactions are likely to be weak. However, if the change is unanticipated, the reaction can be large, as it was when Lehman Brothers was allowed to fail -- the government signaled a shift in its perceived policy of too-big-to-fail and the S&P 500 Index fell almost 5 percent on Sept. 15, 2008. How uncertainty about government policy affects stock prices How … [Read more...] about How government policy decisions move stocks
(MoneyWatch) Is China's economic slowdown the result of Premier Xi Jinping's efforts to reform the economy or the sign of a crash in the making? On Monday China's purchasing managers' index registered its sharpest fall of the year, declining to a nine-month low of 48.2 in June. Anything below 50 on the index means that Chinese factory output is contracting. The primary reason for the slowdown is the government's move to a tighter currency policy. This is part of Premier Xi's plan to rein in GDP expansion in order to get the nation on a path of slower, more sustainable growth. "Falling orders and rising inventories added pressure to Chinese manufacturers in June," Hongbin Qu, co-head of Asian economic research at HSBC, said in a statement. "And the recent cash crunch in the interbank market is likely to slow expansion of off-balance sheet lending, further exacerbating funding conditions for SMEs [small and medium enterprises]. As Beijing refrains from using stimulus, the ongoing growth … [Read more...] about Is China slowdown government policy or impending crash?