The End of Dollar Hegemony

The announcement that the Fed Cuts Interest Rate by Quarter Point is another nail in the coffin of dollar hegemony. Dollar hegemony, for those of you who aren't familiar with the term, is the phenomenon whereby the status of the dollar as the world's premier reserve currency affords the greenback "privileges" that other currencies lack.  …

When Vision Fails

From Black Swan Trading: Just when you thought it was safe to go back in the water, subprime rears its vicious jaws again; this time in Europe. As reported in Bloomberg this morning, “UBS AG, Europe's largest bank by assets, reported its first quarterly loss in almost five years after declines in the U.S. subprime …

Glad We Didn’t Have to Put Our Siamese Cat Through This

One of the newer blessings (other than same-sex blessings for people) that Episcopalians can avail themselves of is the "blessing of the animals."  Needless to say dear old Bethesda-by-the-Sea in Palm Beach not only did this, but got a video of this in the online Shiny Sheet.  (Who needs YouTube when you have the Palm …

St. Jerome’s Idea of Bishops and Presbyters

One of the reasons why people join churches like Anglican, Orthodox and Roman Catholic churches (especially the last one) is to have a church which can have continuity with the "Fathers of the Church."  For Roman Catholics, one of the four "Doctors of the Church" (the most important of the Fathers) is St. Jerome, the …

The Mother of All Tax Reforms and Battles, Spiritual and Otherwise

Charles Rangel is proposing the "Mother of All Tax Reforms."  But he may not know the origin of the phrase he's using to describe it. It's obviously a takeoff of Saddam Hussein's "Mother of All Battles" description of what turned out to be (for him) the rout of the first Gulf War.  In a place …

The Class Dilemma of the Edwards Campaign

The news report put out by the Carolina Week staff (video below) and the attempt by John Edwards' campaign to get it pulled shows the dilemma that every candidate that runs on the left has in dealing with the "contradictions" (as Mao Dun would put it) in advancing their cause. Conventional wisdom would have us …

He Won’t Need a Translator. But a Few Subtitles Might Help.

There's no doubt that Miami Dolphins' player Channing Crowder is relieved that he won't need a translator when he's in London.  But he may not be out of the woods with the language barrier just yet. On some American news channels, when a British speaker of English is being interviewed, we'll sometimes see subtitles just …

Terror watch list swells to more than 755,000

The terror watch list has expanded to include more than 755,000 names. Almost six years ago I wrote Levelling the Playing Field, and proposed the following hypothetical government action in the wake of 9/11: Enacted restrictions on who could fly, empowering the government to "prequalify" travellers on the commercial air system.  In a country as …

Why I Cannot Vote for Hillary, and Other Matters

Greg Cruey has come back with some interesting points in his response to "Keeping Liberals Entertained."  But let me start with his last one, namely voting for Hillary Clinton. One of the enduring problems with the current occupant of the White House is that he will not change his idea when events demonstrate that it …

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