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Frontrunning: May 27

  • Oil prices ease from seven-month high to below $49 (Reuters)
  • Wall Street Waits for Yellen Before Taking Off for a Long Weekend (BBG)
  • Donald Trump Celebrates Clinching GOP Delegate Race (WSJ)
  • Trump vows to undo Obama's climate agenda in appeal to oil sector (Reuters)
  • Japan Fails in Bid to Have G-7 Warn of Global Crisis Risk (BBG)
  • Valeant Rejected Joint Takeover Approach From Takeda, TPG (WSJ)
  • Activist William Ackman, Valeant Investor, Tries Life as an Inside Man (WSJ)

Dalai Lama: Putin Is Right, U.S. Created ISIS

The Dalai Lama has praised Russian President Vladimir Putin for his brave and relentless crusade against ISIS in the Middle East, saying that he believes that the U.S. government are responsible for their creation.  The Tibetan Buddhist spiritual leader urged the Obama administration to alter America’s catastrophic foreign policies in the Middle East before its too late. Awdnews.com reports: His remarks came at Moscow’s Bolshoi Theatre, where he inaugurated the 2nd Dalai Lama international festival dubbed “Tibet: Traditions, Art, Philosophy and Peace”.

The Death of Working-Class America

“Something startling is happening to middle-aged white Americans. Unlike every other age group, unlike every other racial and ethnic group … death rates in this group have been rising, not falling.”

The big new killers of middle-aged white folks? Alcoholic liver disease, overdoses of heroin and opioids, and suicides. So wrote Gina Kolata in the New York Times of a stunning study by the husband-wife team of Nobel laureate Angus Deaton and Anne Case.

Examining American Exceptionalism

Submitted by Stephen Bergstrom via The Saker blog,

On the surface, American exceptionalism appears to represent a boldly-stated concept but when contrasted to the subtleties of personal experience, the lessons and flow of history and individual geographically-rooted place, horribly small-minded and delusional, conceivable only as a statement by a crazed, power-hungry overlord to an underling.

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