Confirming what we explained here, Goldman Sachs notes that the publication of a new CNY exchange rate index suggests an increased focus on broader CNY moves against other non-USDollar currencies and reinforces the likelihood of further depreciation versus the USD.

Goldman Sachs writes...

There is blame to be shared for fomenting murderous passions -- not between reproductive health clinics and those who smear them, but between the right-wing propagandists who create the smears and their corporate enablers who through credulous pseudo-journalism transmute the smears into "news."

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

As technology generally continues to advance, one thing you can be sure of is the criminal justice system’s use of innovative new “tools” will grow exponentially. This can be a good thing, but it can also be a very dangerous thing. Pennsylvania’s new law that permits the use of data showing whether people are “deemed likely to commit additional crimes” in criminal sentencing, is a perfect example of how an over reliance on technology can be a threat to liberty and due process.

Excerpted from Stephen Walt's "The Unbearable Lightness of America’s War Against the Islamic State" originally published in FP

If Washington were really serious about defeating terrorism, it would have an entirely different playbook.

In the classic World War II novel The Caine Mutiny, author Herman Wouk quoted an “ancient adage” about the typical bureaucratic response to a crisis:

“When in danger or in doubt, Run in circles, scream and shout.”

Two weeks ago, we predicted that if the same September storm clouds return, and if December, which is increasingly looking as shaky as August as a result of a return of China deval fears, soaring dollar concerns and - the cherry on top - the collapse in junk bonds, forcing the Fed to have some literally last minute concerns about a rate hike, then the Fed's official mouthpiece, Jon Hilsenrath will be very busy...