Eric Margolis: Japan Must Face Up To China

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“The 1960 US-Japan Security Treaty laid the foundation of relations between Washington and Tokyo. […] The key to the treaty was the establishment of permanent US air, land, and sea bases in Japan. They remain, half a century later. Japan thus became a giant US aircraft carrier from which it dominates highly strategic North Asia. In exchange, Japanese industry was given open access to the US market, thus laying the base of Japan’s economic upsurge of the 1960’s. South Korea enjoyed a similar deal. This cozy arrangement is now being challenged by the rapid rise of China’s military and economic power.”

http://ericmargolis.com/2013/07/japan-must-face-up-to-china/

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Women in combat no later than 2016, Pentagon says

“Women could be officially moving into combat roles by 2016, according to top US military officials.  But some lawmakers continue to express concern about whether the Pentagon will be able to make this move without lowering physical standards. Others express concern that the integration of women into fighting units could increase incidents of sexual assault.”

http://www.csmonitor.com/USA/Military/2013/0725/Women-in-combat-no-later-than-2016-Pentagon-says

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Bush Presidential Library Misleads Visitors On WMDs In Iraq

“If you go to war based on what’s later shown to be a lie, how does a museum dedicated to your legacy address it? That’s the overarching question as you set foot into the George W. Bush Presidential Center, which opened last month on Southern Methodist University’s campus. The answer: uncomfortably. In at least eight separate instances, the library offers displays, audio, or video designed to give the impression that Saddam Hussein either possessed weapons of mass destruction, or was on the verge of getting them. It’s the Beetlejuice approach: say ‘weapons of mass destruction’ enough times and they will appear.”

http://thinkprogress.org/security/2013/07/24/2117351/george-bush-wmd/

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House leaders defend voting against bill to rein in NSA spying

“Republican and Democratic leaders in the House of Representatives defended their support for a spy program that sweeps up vast amounts of electronic communications after it survived a surprisingly close vote a day earlier.  Although Speaker John Boehner said he was glad the House had the debate, he was unapologetic about his vote, echoing the contention of the Obama administration and intelligence chiefs that the NSA program was essential for national security. Nancy Pelosi, the top Democrat in the House, who voted against the amendment, said Democrats voted on both sides of the resolution, but ‘stand together’ in their concerns about the program.”

http://www.rawstory.com/rs/2013/07/25/house-leaders-defend-voting-against-bill-to-rein-in-nsa-spying/

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Hey Uncle Sam, Leave Them Kids Alone

Buy-Insusrance

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Homeland Security’s Future Home: A Former Mental Hospital

“Chris Mills frequently gives tours of St. Elizabeths Hospital, a former mental institution where the U.S. Department of Homeland Security is building a $4.5 billion headquarters. It’s the largest construction project in the District of Columbia since the Pentagon was completed in 1943. The project is moving slowly, even by the geologic standards of the U.S. government. It’s been plagued by delays and mounting costs. People might not even remember Napolitano when the building is completed, which might be around 2026.  Today, DHS has 240,000 employees and a yearly budget of $60 billion.”

http://www.businessweek.com/articles/2013-07-25/homeland-securitys-future-home-a-former-mental-hospital

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U.S. lawmakers blast Guantanamo’s $2.7 million per prisoner cost

“The current cost of operating the facility has jumped to $454 million in the fiscal year ended September 30, according to the U.S. Department of Defense, or about $2.7 million for each of the 166 inmates. Overall, $4.7 billion has been spent running Guantanamo since the facility opened in 2002. By comparison, super-maximum security prisons in the United States spend about $60,000 to $70,000 at most to house their inmates, analysts say. Advocates for closure also argue that holding prisoners for years without charge or trial is a stain on the United States. They say Guantanamo is a threat to national security because it is a powerful recruiting tool for militants.”

http://www.rawstory.com/rs/2013/07/25/u-s-lawmakers-blast-guantanamos-2-7-million-per-prisoner-cost/

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What’s Up with Inflation?

“Many argue that these weightings skew the CPI lower, as do hedonic adjustments. The motivation for this skew is transparent: since the government increases Social Security benefits and Federal employees’ pay annually to keep up with inflation (the cost of living allowance or COLA), a low rate of inflation keeps these increases modest.  Those claiming the weighting is accurate face a blizzard of legitimate questions. For example, if healthcare is 18% of the U.S. GDP, i.e. 18 cents of every dollar goes to healthcare, then how can a mere 7% wedge of the CPI devoted to healthcare be remotely accurate?”

http://charleshughsmith.blogspot.com/2013/07/whats-up-with-inflation.html

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Peter Schiff Does Stand Up Comedy 7/21/13 in NYC

Peter Schiff Does Stand Up Comedy 7/21/13 in NYC

“Peter Schiff performing stand up comedy for ‘New York’s Funniest Reporter’ at Comic Strip Live in New York City on July 21, 2013. Peter jokes about the national debt, the Fed, and why he turned down an opportunity to become a porn star.”

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‘Neighbor vs. neighbor’ in US cities, Meredith Whitney says

“Meredith Whitney painted a dire picture in a CNBC interview Wednesday of cities slashing services and communities battling for mere survival. The financial advisor and analyst said the financial woes facing bankrupt Detroit will become common around the country as local governments do whatever they can to escape onerous debt burdens. ‘I think you’re going to see a real issue of neighbor against neighbor on these very issues,’ she said during a ‘Closing Bell’ conversation. ‘That has been glossed over for years. What’s at stake are social services we count on.'”

http://www.cnbc.com/id/100911322

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