Africa

One recurring theme observed throughout the oil rally since the February 13 year lows, has been increasingly more aggressive hedging action by producers, who are willing to give up upside gains in order to protect from yet another swoon lower in prices. And, as Goldman cautions in its latest note on ongoing imbalances in the oil market, "the rally in long-dated prices has taken prices to levels ($50/bbl in 2017) where hedging activity is ramping up which suggests it will soon stall."

At Aleteia, John Burger wrote a really good piece about the Benedict Option and why it appeals to many Christians these days. He has examples: a Catholic one, an Evangelical one, and an individual one. The piece begins like this:

For the most part, Christians have had a happy — some would even say “privileged” — time of it in America, where Christianity and Christian churches were essentially left alone as they freely exercised their religion within society both privately and, up until recently, in partnership with the government.

Since the end of the Cold War, we’re had a lot of very instructive experience in the Middle East. Back in 2010, I compiled the real-time analyses I had made of our policies and their results in a book titled America’s Misadventures in the Middle East. The book holds up well as an explanation for the origins and evolution of most of our difficulties in the region. Unfortunately, both the situation in the Middle East and our position there have continued to deteriorate.

Authored by Noam Chomsky, originally posted at TomDispatch.com,

[This piece, the first of two parts, is excerpted from Noam Chomsky’s new book, Who Rules the World? (Metropolitan Books).]

When we ask “Who rules the world?” we commonly adopt the standard convention that the actors in world affairs are states, primarily the great powers, and we consider their decisions and the relations among them. That is not wrong. But we would do well to keep in mind that this level of abstraction can also be highly misleading.

Submitted by Charles Hugh-Smith via peakProsperity.com,

The dictum “demographics is destiny” proposes that all the complexities of finance, society and politics are ultimately guided by demographics: the relative size of each generation, birth rates, death rates, etc.

For example, an oversized generation of retirees and an undersized generation of workers to support them has far-reaching consequences that can’t be legislated away.