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Oberlin Is An Insane Asylum

Everybody’s talking about the new Nathan Heller piece in The New Yorker, profiling the new left-wing student activist generation at Oberlin College.  And boy, is it quite a read. You can read it and guffaw at the crazy Social Justice Warriors, but there’s something deeper going on there (and on many other campuses). Here’s the nut graf:

Why China Is Being Flooded With Oil: Billions In Underwater OPEC Loans Repayable In Crude

Why China Is Being Flooded With Oil: Billions In Underwater OPEC Loans Repayable In Crude

When the price of oil was above $100, many of the less developed oil exporting OPEC members decided to capitalize on the high price and cash out by taking loans using the precious liquid as collateral very much the same way corporate CEOs use their inflated stock (thanks to buybacks they authorize) to issue loans against said stock. And why not: even if the price of oil were to drop, they could just pump more until the principal is repaid.

Can Russia Survive Washington's Attack?

Authored by Paul Craig Roberts,

It is not only American generals who are irresponsible and declare on the basis of no evidence whatsoever that “Russia is an existential threat to the United States” and also to the Baltic states, Poland, Georgia, Ukraine, and all of Europe. British generals also participate in the warmongering.  UK retired general and former NATO commander Sir Richard Shirreff, Deputy Supreme Allied Commander in Europe until 2014, has just declared that nuclear war with Russia is “entirely possible” within the year.  

Famine Looms For 50 Million In Africa: UN

The UN has warned that Africa could be facing the worst food crisis in 25 years as the continent struggles with severe drought. By Christmas up to 50 million people will need food. ITV reports: Severe weather conditions caused by the worst El Niño – a weather phenomenon that affects rainfall patterns – in 30 years are worsening and drought has ravaged crops and driven up food prices. More than 31 million need food now and 20 million more are likely to run out this year, the UN said.

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