Submitted by Joseph Jankowski via PlanetFreeWill.com,
Social media giants Facebook Inc., Twitter Inc., Google and Microsoft Corp. have vowed to tackle online hate speech in less than 24 hours as part of a joint commitment with the European Union to combat the use of social media by terrorists, reports Bloomberg Technology.
Visiting Hiroshima last week, President Obama expressed the wish that in the future no community would ever have to suffer the horrors inflicted on that city in 1945, and moreover, that the bombing should never be forgotten. Those sentiments were obvious and unexceptionable. Much more debatable, though, was his restatement of his desire to see a world free of nuclear weapons. If expressed as a general platitude, that is fine, but if it represents any kind of serious strategy or policy goal, it is dangerous to the point of insanity.
Submitted by John Rubino via DollarCollapse.com,
The most widely-reported result of the recent G-7 meeting was Japan’s attempt to convince the other major economies to admit that a crisis is imminent and take appropriately radical steps. The response seems to have been a bunch of blank stares. As India’s Business Standard noted:
G7 pact offers minimal cover for Abenomics reset
Sadly, everyone has seemingly forgotten that the lessons of the past can help prepare us for the future. For example, one would assume that the sting of owning an truck or SUV during the financial crisis would stick with consumers long enough to deter them from falling back into the same trap again just because oil was trading lower... then again, just as assuming market participants would remember that time period, one would be wrong.
Submitted by Pater Tenebrarum via Acting-Man.com,
Victims of the Boom-Bust Cycle
The world is drowning in steel – there is huge overcapacity in steel production worldwide. This is a direct result of the massive global credit expansion that has taken place over the past 15 years. Much of this capacity is located in China, but while the times were good, iron ore and steel production (and associated lines of production) was expanded everywhere else in the world as well.
Steel factory