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Our Snapchat Wars

One of the most popular apps these days is Snapchat. It allows the sender to set a timer for any photo dispatched via the app, so that a few seconds after the recipient opens the message, the photo is automatically deleted. The evidence of what you did at that party last night is seen and then disappears. POOF!

Who Rules The World? Part 1

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.

Goldman Cuts 2017 Oil Price Forecast Due To Slower Market Rebalancing

Goldman Cuts 2017 Oil Price Forecast Due To Slower Market Rebalancing

In yet another paradoxical move that will leave many scratching their heads, just days after throwing in the towel on its bullish dollar call (now that it expects far less rate hikes over the next year), Goldman moments ago announced that it is also cutting back on its longer-term oil price forecasts (which paradoxically are linked to a stronger dollar) for the coming year, as a result of a rebalancing that is taking far longer to take place than previously anticipated.

This is how Goldman explains its bearish pivot on crude:

Washington's Military Addiction (And The Ruins Still To Come)

Submitted by Tom Engelhardt via TomDispatch.com,

There are the news stories that genuinely surprise you, and then there are the ones that you could write in your sleep before they happen. Let me concoct an example for you:

“Top American and European military leaders are weighing options to step up the fight against the Islamic State in the Mideast, including possibly sending more U.S. forces into Iraq, Syria, and Libya, just as Washington confirmed the second American combat casualty in Iraq in as many months.”

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