Fox News dominates CNN, MSNBC in Wednesday ratings, topping both networks’ combined viewership

March 28, 2019

Fox News Channel was the big winner in cable news on Wednesday night, beating CNN’s and MSNBC’s combined average primetime viewership on a night when CNN hosted a much-publicized Town Hall special with Democratic presidential candidate Senator Cory Booker (D-NJ), and Fox News’ Sean Hannity interviewed President Donald Trump.

Fox News

http://www.infowars.com

See author's posts

Author: Fox News

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Panopticon Expands

7 December 2019

The Panopticon Expands

Authored by Eric Peters via EricPetersAutos.com,

Precedent always becomes practice.

Having established as legitimate the use of cameras to robotically ticket people for “speeding” and “running” red lights – timed to go red quickly, so as to ensnare as many drivers as possible – it was only a matter of time before the principle was extrapolated – now to include automatically ticketing people for using their cell phones while driving.

But it’s more than just cameras now – and it will be more than just cell phone use that’s targeted for confiscation (of your money, that is).

Because why shouldn’t it be?

If it is okay to steal people’s money (which is what we’re talking about here, shorn of the euphemistic language about “fines”) for those things, why not this thing?

Why not anything the government and its corporate “partners” who profit from it decide is ungood?

Buckle-up laws, for instance? How about breaking traction?

In Australia – the same place that is the first place to use the AI cameras to “catch” cell phone “violators” – who will be mulcted to the tune of $344-$457 for not harming anyone – performing a burnout is already a major bust that can result in confiscation (and forfeiture) of the offender’s vehicle.

But an armed government worker had to witness the burnout.

The cameras witness everything – everywhere.

All the time.

A network is being erected that will make it impossible to “get away” with ignoring any edict issued by the control freaks and busybodies who lord it over us. Pre-Panopticon, the myriad tyrannical laws on the books had the upside of being to a great extent ignorable.

Armed government workers can’t be everywhere.

Cameras can. They already are.

Have a look around – and up – the next time you’re out driving around. In most parts of the country these Creepy Cams are perched on top of every traffic signal arm, or curbside.

Armed government worker’s vehicles are being equipped with mobile cameras, also tied into the panopticon. There is talk – and more than just talk – of replacing parking meters in cities with “smart” meters with cameras in them – also tied into the same panopticon.

Soon, wherever you drive – and park – you will be seen. Anything – everything – that is not in ordnung will be noticed. Not by a human. But by an artificial intelligence overlord that – to quote an eerily predictive line from the original Terminator movie, way back in 1984 – cannot be reasoned with or bargained with . . .

Literally.

Another precedent that was allowed to pass into practice with the adoption of camera enforcement was the vitiation of the government’s obligation to establish guilt before fleecing. This was accomplished by shifting traffic offenses from court-adjudicated to civil administrative actions, where it became (and remains) the obligation of the presumed guilty to – somehow – reverse the camera’s verdict.

The rules of court procedure – of due process – do not apply. The presumed guilty verdict is subject to reversal not by evidence or its lack but rather according to the whim of whomever – or whatever – the government-corporate nexus gives . . . administrative power to.

You can sometimes send in an “explanation” – and whatever else you like – but it’s perfunctory, like the practice in Elizabethan times of permitting the condemned to say a few words before the executioner lopped off his head. The head-lopping was never in doubt.

Today, if the government wants your money, they’ll take your money (to borrow a turn of phrase from another eerily prescient movie).

There is one upside to all of this, though.

When it becomes impossible to leave your driveway (and maybe not even that) without being observed – and mulcted – people might begin to object. Try to imagine what it would be like if you had to obey every speed limit – to the letter – else payin’ paper. Full stop – and wait a three second count – at every stop sign. Never dare a right-on-red, an HOV “violation” or an unbuckled ride.

No “aggressive” acceleration, either.

Your papers – all of them – always in ordnung.

That’s what’s coming. Unless we decide to reject the principle – and establish a new precedent. There’s still time.

The clock, however, is ticking – and midnight approaches.

* * *

If you like what you’ve found here please consider supporting EPautos. We depend on you to keep the wheels turning! Our donate button is here.

Tyler Durden Fri, 12/06/2019 - 21:05

Tennessee Offered Free College To Fix Its Crumbling Educational System. Then Something Unexpected Happened

7 December 2019

Tennessee Offered Free College To Fix Its Crumbling Educational System. Then Something Unexpected Happened

As the frontrunners in the Democratic Party Presidential nomination race battle each other to offer more and more free stuff (funded by the 'rich' paying their 'fair share') - most notably "a college education" - one state that did just that has had some rather unexpected results.

Here's what the frontrunners are proposing...

Bernie Sanders Abolish tuition and fees at four-year public universities, community colleges, and trade schools. Cancel $1.6 trillion in student debt and expand Pell Grants to cover expenses beyond tuition.

Elizabeth Warren Free tuition and no fees at two- and four-year public colleges, plus forgiveness of as much as $50,000 in student debt for 42 million Americans.

Pete Buttigieg Free tuition at public schools for 80% of American families. Expand the Pell Grant program and create a $1 billion community college fund to pay for ancillary costs of college, such as child care and transportation.

Joe Biden Two years of tuition-free community college or high-quality training for recent high school graduates and many adults. The “first-dollar” program means students can use Pell Grants and other aid toward expenses beyond tuition.

All sounds awesome, right? Free college, the promise of increased earnings potential, no debt worries to reduce your post-grad consumption capabilities...

Well, as Bloomberg details, Republican-controlled Tennessee has tried this "free college" approach with its Tennessee Promise program... and the results are disappointing to say the least.

The state became the first in the U.S. to offer tuition-free community or technical college for every graduating high school senior when the program was signed into law in 2014.

The good news (maybe) - The state’s college-going rate of high school graduates rose to 64% in 2015, the first year of implementation, from 58.1% the year before.

The bad news (definitely) - Among the first batch of Promise students, the roughly 16,200 who started college in fall 2015, about 18% dropped out after one semester. After three years, about 49% had quit.

So, not exactly surprising really - enrollment rates soared (well, it's free!) and dropout rates remain terribly high (and clearly a waste of 'rich' taxpayers money).

So maybe there's more to this whole "education" thing than simply being free...

“There are just inherently complex social and emotional factors that a financial aid program doesn’t address,” says Mike Krause, executive director of the Tennessee Higher Education Commission & Student Assistance Corp., which administers the program.

As Bloomberg notes, Promise is what policymakers call a “last-dollar” program, meaning it pays the cost of tuition not covered by federal Pell Grants or state awards and scholarships. The program doesn’t cover expenses associated with being a student such as transportation, child care, school materials, and other costs. Funds can be used at the state’s community and technical colleges, as well as universities with eligible programs.

Which means Democrats should focus on not just free college, but free transportantion to college, free child care, and free school materials... because that will fix everything.

There is one group who are cock-a-hoop at the government paying for students to attend college...

Terri Bryson, a vice president at Motlow State Community College, which has graduated 1,566 Promise students, proclaims that free tuition has “done a great, huge job, but it’s not a magic wand."

Indeed, you get a government-guaranteed income stream and more students!

So, if what you want for America is more students dropping out of colleges, vote for "free college" - otherwise, let's leave the meritocracy well alone because government intervention has not worked (just look at the student loan debacle - sponsored by government-provided loans) and more intervention will create - as Tennessee shows - more unintended consequences.

Tyler Durden Fri, 12/06/2019 - 20:45 Tags Education

The Fed Detests Free Markets, Part 2

7 December 2019

The Fed Detests Free Markets, Part 2

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

It wasn’t really the plan to make this a series, but it seems to have turned into one. Part 1 is here: The Fed Detests Free Markets. Part 3 will follow soon. And yeah, I did think perhaps I should have called this one “End The Fed” Is No Longer Enough. Because that’s the idea here. But what’s in a name?

Okay, let’s talk a bit more about finance again. Though I still think this requires caution, because the meaning of the terminology used in such conversations appears to have acquired ever more diverse meanings for different groups of people. Up to the point where you must ask: are we really still talking about the same thing here?

I’ve said multiple times before that there are no more markets really, or investors, because central banks have killed off the markets. There are still “contraptions” that look like them, like the real thing, but they’re fake. You can see this every time a Fed chief opens their mouth and every single person involved in the fake markets hangs on their lips.

They do that because that Fed head actually determines what anything will be worth tomorrow, not the markets, since the Fed buys everything up, and puts interest rates down so more people can buy grossly overpriced property and assets, and allows companies to buy their own shares so nobody knows what they’re worth anymore.

The Fed today is in the business of propping up zombies. And when I say the Fed, that also means the ECB and BOJ, western central banks. I won’t get into the PBOC here, but they’re not far behind.

Recently, Christine Lagarde, the new ECB head, said the most incredible thing (at least to my ears, I guess not to hers):

We should be happier to have a job than to have our savings protected … I think that it is in this spirit that monetary policy has been decided by my predecessors and I think they made quite a beneficial choice.

Who on earth ever claimed jobs vs savings is some necessary or inevitable “choice”? Why should it be? If this were true, isn’t that a sign that something is terribly wrong? That you can have a job, but you can’t save anything? And aren’t the central banks to blame for that then?

The entire system has been built for decades around the notion that people save, either to purchase big items, or for their old age, and that people put money into their pension systems. And now central banks come along and in no time destroy what has been valid for all these years. And they never even warned about it.

Anyway, after Lagarde’s remarks, I guess the Fed’s Jay Powell felt he couldn’t be left behind and said:

US central bankers see a “sustained expansion” ahead for the country’s economy, with the full impact of recent interest rate cuts still to be felt and low unemployment boosting household spending, Federal Reserve chairman Jay Powell said on Wednesday in remarks that brushed aside any worries of a looming slowdown.

“The baseline outlook remains favorable,” and the current level of interest rates “appropriate,” Mr Powell said in remarks prepared for delivery to the joint economic committee of congress, a panel that includes some members from the House of Representatives and Senate.

His comments tracked closely to those in his news conference last month after the US central bank cut rates for the third time this year and signaled it was likely done reducing borrowing costs absent a significant change in the economic outlook. Despite “noteworthy risks” including slowing global growth and fallout from the US-China trade war, “my colleagues and I see a sustained expansion of economic activity … as most likely,” Mr Powell said in his prepared remarks for the hearing.

Former Goldman and Bear Stearns banker, and friend of the Automatic Earth, Nomi Prins, tweeted yesterday: “Tuesday, the Fed added $95 billion in liquidity to financial markets. Today, Fed’s vice chair told Congress, “The Board’s latest [review] confirms the current health of the banking system. It depicts a stable, healthy, and resilient banking sector…” The Fed’s official for supervision and regulation told Congress, “The Board’s latest Supervision and Regulation Report… describes steady improvements in safety and soundness, with a gradual decline in outstanding supervisory actions at both the largest & smallest organizations..”

“The baseline outlook remains favorable,” Powell said. That must be why they have been pulling out all the stops and invented new ones, for a decade+. Bernanke, Yellen, the lot of them, all because the baseline has remained so favorable. Why would anyone want to listen to this guy, who so obviously dabbles in complete nonsense? Well, because he’s the one giving the money away.

I think I can tell Mr. Powell what the “full impact of recent interest rate cuts” will be, what it will feel like, and it won’t be anywhere near what he pretends it will be. I must think he knows that too, or he’s an utter fool, and I don’t think he is. He’s just doing a job, while he’s worth $100 million, and that job is very different from how it’s presented to the public.

I’ll tell you about that full impact in part 3 of this Fed essay, which I left on the shelf for a long time because I thought people would declare me nuts, but which now, with increasing chatter of a next recession, maybe can be exposed to daylight. It’s about how grave the damage is that central banks have inflicted on their economies, something I never see discussed. Powell and Draghi/Lagarde and Kuroda are not just the ones giving the money away, they’re also taking it away, just not from the same people. And that latter part is much more important to societies and economies.

A third quote, just to complete the “circle”, deals with BOJ chief Kuroda; it’s from a June 2019 Reuters article entitled How Japan Turned Against Its ‘Bazooka’-Wielding Central Bank Chief:

The direction taken by the BOJ could determine whether Japan’s banking sector avoids a hard landing and whether Abe or his successor will lean on the central bank to take the most extreme step remaining: printing money for the explicit purpose of financing a national debt that is now more than twice the size of Japan’s economy. That could risk a costly downgrade by credit rating agencies for Japan, and, by extension, Japanese corporate borrowers.

The spurning of Kuroda-nomics also has political implications. It is part of a broader public dissatisfaction with what has been labeled “Abenomics” – the prime minister’s plan to reflate the economy out of prolonged stagnation through a combination of aggressive monetary easing, bold fiscal spending and fundamental structural reforms in the economy.

“Kuroda’s radical stimulus kept interest rates low, allowing politicians to delay reforms to get Japan’s fiscal house in order,” said Koichi Haji, executive research fellow at NLI Research Institute. “The foot-dragging could cost Japan dearly. The options left for the BOJ all seem extreme.”

Options left for the BOJ will be even more extreme because Japan’s Birth Rate Has Hit Its Lowest Level Since Records Began In 1899. As a Dutch comment on that report said: “by 2050 there will be one working Japanese for every child or pensioner [..] Japan adopted a law in April designed to make it easier for foreigners to work in Japan. The goal was to attract 350,000 foreign workers. 8 months later, just 400 had arrived”.

And just this week we read that Japan is preparing another $120-$230 stimulus package. Extreme has become normal in no time. Only, the ratings agencies could lower their rating for Japan, because of this. Then again, why should they do it only for Japan? Everyone’s in “extreme” territory, or as Ben Bernanke called it in 2008, “uncharted territory”. Same difference.

But Lagarde is right on one thing: it is “the monetary policy decided by her predecessors” that has destroyed savings -and pensions-. How on earth she can call that “beneficial” is very hard to grasp. What is the goal, what is all these central bankers’ goal? That in the end nobody has any savings or pensions anymore, and they all must go into debt or perish? That would create entire societies made up of zombies. And that’s “policy”?

It’s policy to spin a fantasy tale so people like Jay Powell can claim that “the baseline outlook remains favorable” and “sustained expansion” lies ahead for the economy, and it’s policy to pay for that fantasy with money that belongs to savers and pensioners, and that you can then hand out to a bunch of zombie “investors”. That’s policy.

The role of today’s central bankers is possible only because the public are made to think these are very smart people that have the interest of Joe Blow at heart, and because they have “unlimited resources” to make stocks and bonds and the housing market look good. But what would happen if Joe Blow knew what is going on?

The Fed is now considering “policy” that “makes up for lost inflation”. No, stop laughing, I’m serious. Their extreme policies in uncharted territory have failed so dismally, they’ve obviously not been extreme enough.

Once they’ve gone down the path of extreme stimulus (not that they call it that), there’s no way back. Because they’ve just destroyed the markets, and then they go: let’s see how the markets react to that. Well, they don’t. They’re dead. You killed them. There are parties left who love feeding off of your free money teats, but they’re not the markets or even market participants. They’re rich socialists. But they’re also the only ones the Fed cares about.

Still, a central bank that doesn’t have the population at large, at the center of its policies, is a scourge on a society and/or country. And it should be abolished. But in the case of the Fed, ECB and BOJ, it is probably already too late for that. They have done their damage. “End The Fed” is no longer enough. Societies need to develop emergency measures to counter the damage done, or face untold misery, unrest and eventually, revolution.

People don’t see this, because these central banks -temporarily- taper over the disaster they’ve wrought with their “policies”. Time for the media to step in? No, it’s too late for that too, and besides, what media? They’ve been silent all along, why would they speak up now?

More in part 3.

* * *

Please support the Automatic Earth on Paypal and Patreon so we can continue to publish.

Tyler Durden Fri, 12/06/2019 - 20:25 Tags Business Finance

November Heavy Duty Truck Orders Resume Collapse, Down 39% To Weakest Since 2015

7 December 2019

November Heavy Duty Truck Orders Resume Collapse, Down 39% To Weakest Since 2015

The collapse in heavy duty trucking is getting tougher to blame on difficult YOY comps and is more and more looking like the symptom of a real manufacturing recession in the U.S.

Class 8 orders against collapsed in November, culminating a dismal year that some thought had seen a reprive with October's improved bookings. But new data from FreightWaves shows that the collapse has continued its trend, indicating that the sluggish economy is to blame for lackluster replacement demand.

Orders totaled 17,300 units for the month, which marks the slowest November since 2015 and a 39% collapse from November 2018. The slowdown in orders is prompting layoffs of hundreds of production workers by companies like Daimler Trucks North America, Volvo Trucks North America, Paccar Inc. and Navistar International Corp.

Other names in the Class 8 supply chain are also dealing with the negative effects. For instance, engine manufacturer Cummins Inc. is "laying off 2,000 white-collar employees globally in the first quarter of 2020".

Meanwhile, November used to be a month when fleets would be busy placing orders for the upcoming year. After October's slight tick up in orders, many analysts thought November could follow suit. That didn't happen, and sequentially November's order book was down 21% from October.

Tim DeNoyer, ACT Research vice president and senior analyst said: “The freight market downturn worsened in the past month, and uncertainty surrounding trade and tariffs continue to weigh on truck buyers’ psyches.”

Don Ake, FTR vice president of commercial vehicles commented: "The stalling of freight growth is causing fleets to exercise caution in placing orders for 2020. There will still be plenty of freight to haul, so we expect fleets will continue to be profitable and to replace older equipment. However, there won’t be a need for much additional equipment on the roads.”

“The industry thrives on stability, but we are now on a rocky road,” Ake concluded.

The rolling 12-month average for Class 8 orders is now 180,000 units and the industry backlog has collapsed to less than half of what it was in December 2018.

Tyler Durden Fri, 12/06/2019 - 20:05

The Moral Case For Decoupling From China

7 December 2019

The Moral Case For Decoupling From China

Authored by David Archibald via AmericanThinker.com,

One of the first people to see that the infatuation with China would end in tears was Robert Kaplan. In 2005 he wrote an article entitled “How We Would Fight China”, though he didn’t say when or why we will be doing that fighting, or even the how as per the title.

Well the tears are flowing now as the relationship is mostly over. China’s share of world exports peaked just shy of 15% in 2015 and is now contracting. China’s share of world GDP is also about 15% and that too will contract.

In Carroll Quigley’s ‘Tragedy and Hope’ first published in 1966, he wrote that the Chinese Communist regime in the first years after its founding was “insanely aggressive.” The Chicoms reverted to type about ten years ago and went back to ‘snarl diplomacy.’ Only being poor had kept them from trying to impose their will on others.

The corporate retreat from China is proceeding as fast as factory production can be relocated. But even if China wasn’t in breach of its WTO obligations to have a free market economy and a convertible currency, didn’t steal intellectual property, and wasn’t bullying its neighbours, there is another reason why we should completely decouple from China and it is a reason that is overarching and critical to our self-worth as a civilisation.

Dr Arthur Waldron, now a professor at the University of Pennsylvania, has been studying China for over 50 years. He married a Chinese lady so his views are not those of an inherent Sinophobe. In an online interview he provides interesting detail on the mistakes made in our relationship with China, starting with Nixon.

Dr Waldron starts the interview by reminding us that:

China is the most evil regime the world has seen since the Third Reich, setting aside the Soviet Union.

[youtube https://www.youtube.com/watch?v=w-2cArChw5M]

The whole 68-minute interview is interesting but where he is a thought leader is in his parable of the delicatessen, transcribed below:

Suppose you lived on 86th st and at the local delicatessen with fine produce, at the front of the shop were all these goodies.

But if you went to the very back of the shop there were sort of vats which were kept just above freezing which had freshly harvested kidneys and livers and hearts and all the things which are used at this moment. …

People are being killed so their organs can be used for transplants. Many of which go to the very elderly Chinese leadership or their children. The son of one of the recent leaders of China has had cancer and he has had many organs replaced.

Well, what would you say about this shop. Would you say, well, I think I’ll just shop in the front of the shop and I won’t pay any attention to the fact that there are all these living human organs, God knows where they came from, that are in the back.

What you would say is ‘What the heck is this shop doing in America?’

You can’t decouple these things. This is one integral system.

And that is one of the reasons we have to quarantine China economically.

A rationalisation for saying ‘Well yes it’s true that there is some question with what Hitler is doing with the gypsies and the Jews but Leica still makes a hell of a good camera.”

In the late 1930s when it was quite evident that Hitler was persecuting and killing minorities, would you have bought any German goods, knowing that in doing so you were an enabler of that evil regime? It is no different today. Every Chinese plastic toy or Christmas decoration plucked off the shelves at Walmart contributes to a future U.S. combat death, but beyond that there are also metaphorical vats of human organs at the back of the Walmart store that the buyer is enabling.

Thankfully killing people for their organs is repugnant to us and that needs to continue if we are to remain a good and kind civilisation. But trading with, speaking with, interacting with people who kill people for their organs debases us.

If we continue trading with such people that makes us morally complicit in their barbarism. For our souls, for our self-respect at least, we must stop trading with such people, and training them in our universities, and letting them into the country.

Dr Waldron’s view is that without our trade the Chinese polity will disintegrate; their state-owned enterprises aren’t enough to sustain their economy. The Chinese people’s best chance of liberation is if we nudge things in that direction.

Thank-you Dr Waldron for your insights.

* * *

David Archibald is the author of American Gripen: The Solution to the F-35 Nightmare.

Tyler Durden Fri, 12/06/2019 - 19:45

Matt Smith and Claire Foy took convincing roles in The Crown as rumours swirl of off-screen romance

7 December 2019

Lily James and Matt Smith began dating in 2014 and moved in together in North London last year. But their relationship ended a few months ago with rumours circulating that Claire Foy was in some way involved.

SIX Saudi nationals arrested after Pensacola naval base shooting

7 December 2019

The men were detained near the scene of the shooting, which took place at Naval Air Station in Pensacola early Friday morning.

Amazon delivery drivers are told to stop taking advantage of the elderly

7 December 2019

Founder of the Silver Line - a UK charity helpline for the elderly - Dame Esther Rantzen said a 'code of conduct' should be made to make sure the elderly don't feel obligated to take packages in.

I'm A Celebrity's Caitlyn Jenner breaks down in tears and she and Nadine Coyle are eliminated

7 December 2019

I'm A Celebrity's Caitlyn Jenner broke down in tears and said she 'missed her family terribly' as NO-ONE came to meet the former Olympian during a double elimination with Nadine Coyle on Friday.

Leaked documents used by Jeremy Corbyn WERE leaked by Russia, Reddit reveals

7 December 2019

The campaign shared the same pattern of activity as a Moscow-controlled operation dubbed 'Secondary Infektion' uncovered by Facebook earlier this year.