An Assam-based NGO has filed a petition in the Supreme Court challenging the clearance by the National Green Tribunal to the 2000 MW Lower Subansiri Hydroelectric Project straddling the Assam-Arunachal border. NHPC had in 2005 started work but the construction was stopped in 2011 following anti-dam protests. On July 31, the NGT ordered NHPC to restart the project.
Brace for potentially devastating typhoon approaching PH – NDRRMC Stronger peso trims PH debt value to P7.9 trillion Kammuri turning to super typhoon less likely but possible — Pagasa UAAP Starting 5: Week 10 MOST READ Japan ex-PM Nakasone who boosted ties with US dies at 101 LATEST STORIES John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding QC cops nab robbery gang leader, cohort Typhoon Kammuri accelerates, gains strength en route to PH Trending Articles PLAY LIST 00:50Trending Articles01:58With new role in drug war, Robredo might ‘baby’ the drug lords – Bong Go00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games FILE – Portuguese soccer player Cristiano Ronaldo, second from right, and son Cristiano Ronaldo Jr., right, sit beside Argentinian soccer player Lionel Messi, left, and wife Antonella during the The Best FIFA 2017 Awards at the Palladium Theatre in London, Monday, Oct. 23, 2017. (AP Photo/Alastair Grant)MADRID — Soccer star Cristiano Ronaldo has announced that he is the father of a baby girl.Ronaldo posted a photo Sunday on Twitter of him with the baby’s mother, Georgina Rodriguez, and his oldest son in a hospital in Madrid.ADVERTISEMENT Read Next CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA The Real Madrid and Portugal forward accompanied the image with the message written in Portuguese: “Alana Martina has just been born! Both Geo and Alana are fine! We are all very happy!”The baby is Ronaldo’s fourth child. He had two children earlier this year, reportedly through a surrogate mother.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutRonaldo made his relationship with Rodriguez public last year. Don’t miss out on the latest news and information. View comments
Read Next Kevin Durant out with Achilles injury; to undergo MRI on Tuesday PLAY LIST 03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:43Who are Filipinos rooting for in the NBA Finals?02:25Raptors or Warriors? PBA players take their pick of NBA champ01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Brace for potentially devastating typhoon approaching PH – NDRRMC Kerr called a pair of timeouts minutes apart in the first half. The second one came after the play he designed wasn’t run the way he drew it up. Curry took the blame for that one.“I forgot the play,” he said. “Four dribbles in, I didn’t know what I was supposed to do with the ball.”RESPECT THE PROCESSEmbiid, Simmons and the rest of the young Sixers left an impression on the Warriors.“They’re gonna be a load coming up for years,” Durant said. “You’re seeing a team that you should start following.”Kerr praised Philadelphia’s dynamic 1-2 punch.“Embiid and Simmons are different,” he said. “You don’t see that anymore. Simmons is incredibly gifted. The two of them together are difficult to cover.”TIP-INSWarriors: The 47 points allowed in the first quarter was their most given up in any quarter since Portland had 48 in the fourth quarter of a game on Nov. 14, 1992.76ers: J.J. Redick scored 20 points, and Dario Saric had 13 points and 10 rebounds. LATEST STORIES Japan ex-PM Nakasone who boosted ties with US dies at 101 Irving, Brown help Celtics rally for 15th straight win QC cops nab robbery gang leader, cohort “I was extremely aggressive in the first quarter, just didn’t make the shots,” Curry said. “We were more calculated in the third quarter.”A raucous, sellout crowd that chanted “Trust the Process” most of the night went silent while the Warriors put on a shooting clinic in the second half.Even veteran David West came off the bench and made big shots in the fourth quarter to give the Warriors distance. He finished with 14 points. Klay Thompson had 16.“We weren’t locked in, we weren’t focused in the first half,” Kerr said. “It took the embarrassment of being blown off the floor to get us going.”Embiid was coming off a career-best performance — 46 points, 15 rebounds, seven blocks, seven assists — in a 115-109 win at the Los Angeles Lakers on Wednesday.ADVERTISEMENT Don’t miss out on the latest news and information. Kris Aquino ‘pretty chill about becoming irrelevant’ MOST READ It looked as if he was on his way to another monster game in the first quarter. Embiid embraced the frenzied fans and slapped hands with a guy sitting courtside after a dunk.But the Warriors showed why they’re the best by stifling Philadelphia in the second half to improve to 12-4.The Sixers, who lost 135-114 at Golden State one week ago, fell to 8-7.“We have to play for 48 minutes,” Embiid said.Playing his first game since receiving a lucrative contract extension, Robert Covington had 20 points for Philly.Back home for the first time following a five-game road trip to the West Coast, the Sixers showed no jet lag in the first half.They jumped ahead 15-4 following a 3-pointer by Embiid. Covington stripped Durant and hit a 3 to make it 37-18, electrifying the crowd.Durant’s dunk off Green’s alley-oop pass got the Warriors within 70-51 late in the second. But Embiid finished off the half with a dunk that sent the Sixers into the locker room up 74-52.“We have to focus, we have to take care of the ball and handle our defensive assignments,” Simmons said.TIME-OUT TIMES TWO CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Typhoon Kammuri accelerates, gains strength en route to PH Kammuri turning to super typhoon less likely but possible — Pagasa “We take everybody’s best shot every night but they fight and fortunately we turned it around,” Warriors coach Steve Kerr said.Joel Embiid scored 21 points and Ben Simmons had 23 points and 12 assists for Philadelphia, which led 47-28 after one quarter and 74-52 at the half.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutBut the Warriors erased that large deficit with a furious rally in the third quarter. Curry’s 3-pointer got them within one point. He then made a pair of free throws to give Golden State a 90-89 lead.The two-time NBA MVP hit another 3 and Draymond Green blew past a defender for a dunk to make it 99-89 going into the fourth. UP NEXTWarriors: Continue their four-game road trip Sunday afternoon at Brooklyn.76ers: Host Utah on Monday night. Golden State Warriors’ Stephen Curry, left, goes up for the shot with Philadelphia 76ers’ Robert Covington, right, defending during the first half of an NBA basketball game Saturday, Nov. 18, 2017, in Philadelphia. (AP Photo/Chris Szagola)PHILADELPHIA (AP) — A 22-point halftime deficit was no big deal for the defending NBA champions.Stephen Curry scored 35 points, Kevin Durant had 27 and the Golden State Warriors rallied for a 124-116 victory over the Philadelphia 76ers on Saturday night.ADVERTISEMENT Stronger peso trims PH debt value to P7.9 trillion View comments
Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Ronaldo says his ‘brilliance’ bothers people Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Robredo should’ve resigned as drug czar after lack of trust issue – Panelo MOST READ LATEST STORIES National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant Trump strips away truth with hunky topless photo tweet FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Sta. Elena Construction gave Army the boot with a 25-17, 25-19, 29-27 win Wednesday to complete the semifinals cast of the the men’s division of the Premier Volleyball League.League-leading scorer Berlin Paglinawan unleashed 20 points to tow the Wrecking Balls into the Final Four duel, where they will face top-seeded Cignal TV HD Spikers staring Saturday.ADVERTISEMENT The other semis pairing pits No. 2 Mega Builders against third-seed and defending champion Air Force.Isaah Arda, Paolo Publico and Israel Encina each chipped in 10 points for the Wrecking Balls, who also beat the Troopers, 25-15, 22-25, 25-21, 25-23, in their elimination game face-off last July 16.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“The boys were just determined to get the win,” said Sta. Elena coach Arnold Laniog.The Wrecking Balls dominated Café Lupe at the close of the elims to finish tied for fourth with Army at 4-3, and force a sudden death for the last semis seat. Celest Flores-Colina Lacson: SEA Games fund put in foundation like ‘Napoles case’ DILG, PNP back suspension of classes during SEA Games View comments
TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Manchester return? Real Madrid dismiss anti-Man Utd clause claim for Diazby Carlos Volcano10 months agoSend to a friendShare the loveReal Madrid have dismissed claims have an anti-Manchester United clause in their deal for Brahim Diaz.The Spanish midfielder is leaving Manchester City for Real today in a deal rising to €20m. Diaz will sign a Madrid contract to 2025.The agreement includes a 15 per cent sell-on clause, however English media claims of an anti-United clause have been dismissed, says AS.It was suggested City had demanded a clause stating that if Diaz was sold to United, Real would pay 40 per cent of the fee to the Blues. However, this claim has been denied.Diaz will be presented to local media and fans on Monday at the Santiago Bernabeu.
ESPN.Which team deserves to be No. 1 in college football’s preseason polls? According to ESPN, it’s the defending national champions – Alabama. ESPN released its updated preseason top 25 for the 2016 college football season earlier this month, and they’ve got the Crimson Tide at the top. Trailing Nick Saban’s team in the polls are Clemson, Michigan, Florida State and Oklahoma. Here’s the full top 25. Will Alabama win another one this year?1. Alabama 2. Clemson 3. Michigan 4. Florida State 5. Oklahoma 6. LSU 7. Stanford 8. Notre Dame 9. Ohio State 10. Tennessee 11. USC 12. Georgia 13. Ole Miss 14. Oklahoma State 15. Michigan State 16. Washington 17. Houston 18. North Carolina 19. Oregon 20. TCU 21. Texas A&M 22. UCLA 23. Iowa 24. Miami 25. Louisville[ESPN]
Kolkata: Mayor Firhad Hakim reiterated on Monday that funds in the fixed deposit of the civic body will be utilised only for development work and civic amenities and any wastage of such funds will not be tolerated.Replying to a query from Congress councillor Prakash Upadhyay regarding the existing amount in the fixed deposit of the Kolkata Municipal Corporation (KMC) at the monthly meeting, Hakim said: “We have an amount of Rs 17.10 crore till February 2018. The funds in the fixed deposit, whether it is more or less, does not matter. What matters most is offering services and civic amenities to the people. Since the Trinamool Congress took over the board of the KMC in 2010, it has provided civic amenities in the form of potable drinking water, lights, development of slums, an overhaul of the drainage system, scientific plan for solid waste management etc.” According to Hakim, when Subrata Mukherjee of the TMC ended his term as the Mayor in 2005, the amount of fixed deposit stood at Rs 377.16 crore. When Bikash Bhattacharya of the Left Front board took over as Mayor, he sold a number of plots of land and the fixed deposit went up to Rs 721.25 crore. Hakim further informed that when Bhattacharya’s term as Mayor ended in 2010, he left Rs 588. 67 crore in the fixed deposit of the KMC. “The revenue earning is a part our job but our main aim is to ensure that the citizens get the best of amenities,” he maintained. The Mayor further said that the KMC has set a target of three years to ensure the supply of potable drinking water to every single pocket in the city. “There are problems in certain pockets, particularly in the added areas in the southern part, and we are taking all possible measures to augment water supply. The capacity of the Garden Reach Waterways is being raised by 25 million gallon and we are also constructing small booster pumping stations in these areas to boost water supply,” he added.
EIGHT CARS DETECTED USING ILLEGAL FUEL IN JOINT POLICE/CUSTOMS OPERATIONHM REVENUE AND CUSTOMSillegal fuelPSNI MAGHERAFELT ShareTweet “Seven of the vehicles were restored to owners and more than £4,000 paid in fines.“There were numerous detections made by police for motoring offences including driving with no licence and driving without insurance.“Other matters addressed included the execution of an outstanding money warrant,” added the spokesperson.EIGHT CARS DETECTED USING ILLEGAL FUEL IN JOINT POLICE/CUSTOMS OPERATION was last modified: October 21st, 2016 by John2John2 Tags: THE PSNI say its Magherafelt Neighbourhood Policing Team along with Local Policing Team colleagues conducted a joint operation with HM Revenue and Customs this week.This operation concentrated on motoring offences and targeted vehicles operating on illegal fuel.A spokesperson said: “HMRC seized eight vehicles detected using illegal fuel.
(Interviewed by Louis James, Editor, International Speculator)L: Doug, we’ve had a lot of questions from readers about the apparent push governments are making to go to paperless currency – all electronic, no cash. Do you think that’s likely, and what would be the implications?Doug: I think it’s probably inevitable. It’s not just cash, but the whole world is becoming increasingly digital. Credit cards already work very well all around the world, and everyone in the world, it seems, will soon have a smartphone – or at least everyone who might have any cash.But it’s not just a question of evolving technology. Governments hate cash for lots of reasons, starting with the fact it costs a couple of cents to print a piece of paper currency, and they have to be replaced quite often. As the US has destroyed the value of the dollar, they’ve had to take the copper out of pennies, and soon they’ll take the nickel out of nickels. Furthermore, with modern technology, counterfeiters – including unfriendly foreign governments – can turn out US currency that’s almost indistinguishable from the real thing. And the stuff takes up a lot of space if it’s enough to be of value. So sure, governments would like to get rid of tangible currency. They’d like to see all money kept in banks, which are today no more than arms of the state. But it’s not so simple: increasing numbers of people trust neither banks – most of which are insolvent – or currencies – most of which are on their way to their intrinsic values.L: Hm. On the technology front, when I was in central Africa a few weeks ago, plastic money was accepted happily everywhere I went – Rwanda, Burundi, the DRC, and Kenya – though not by street vendors yet. And I had access to the Internet everywhere I went, even in the middle of the jungle…Doug: Yes, the move towards digital currencies is already happening, and not just as a result of government efforts. Remember Bitcoin. And, as you know, I’m a big fan of Goldmoney.com, which is leading the way to a sound digital currency. Although Goldmoney.com has bowed to government pressure and has suspended its service allowing customers to transfer funds among one another, it’s another sign of the times…L: Yes, and Goldmoney.com is not the first attempt, nor will it be the last. We should mention to new readers that you are an investor in Goldmoney.com.Doug: The world’s going to digital currencies is in part a good thing, because it’s convenient. But it’s definitely a double-edged sword, because of government involvement in the field. If it were a strictly market phenomenon, I’d have no problem with it. It’d be just another choice. But if the state runs it, it would reduce people’s choices – and privacy. But that’s entirely apart from the fact that government – and I know this assertion will be shocking to most readers – has no business creating currency or minting money. Money, of all things, should be a purely market phenomenon. Government, as an institution, inevitably and necessarily corrupts everything it touches. Money is far too important to be left to the tender mercies of the state.L: Sure. A completely digital currency would be an unlimited license to print and spend. Need to give people more welfare? Just tap a few keys, and it appears in their bank accounts. Need to buy more missiles? Just a few more taps on the keyboard… But the privacy issue is even scarier: digital money would seem like Big Brother‘s dream come true. They wouldn’t even have to send their minions out to go through people’s trash. They could see everything anyone ever spent money on and where they were physically when they did it, search for activity nearby, and much more, just by having computers report the details of people’s accounts.Doug: Exactly. They would justify it with a host of phony excuses ranging from the so-called War on Terrorism to the so-called War on Drugs. Maybe they’ll tie it in to their disastrously failed War on Poverty. As the War on Islam heats up, one front will be an attack on the excellent Muslim hawala system, which allows cheap and reliable transfer of money between countries; that system, which is kind of a private SWIFT network, is excellent for evading FX controls. Ironically, Islamic countries are some of the very worst perpetrators of currency controls.L: Maybe that’s why the informal network exists in the first place? But yes, they gotta stop those evil money launderers from washing their money and hanging it out to dry…Doug: Don’t get me started on “money laundering.” It’s a completely artificial crime. It wasn’t even heard of 20 years ago, because the “crime” didn’t exist. Now, everyone speaks of it as though it were a real crime, like murder. It’s ridiculous, and further proof of the totally degraded state of the average person worldwide, absolutely including US citizens – what we used to call Americans. The government proclaims something as a law, and “sheeple” robotically assume it’s part of the cosmic firmament. If an official tells them to do or not to do something, they roll over on their backs like whipped dogs and wet themselves out of fear. The War on Drugs may be where “money laundering” originated as a crime, but today it has a lot more to do with something infinitely more important to the state: the War on Tax Evasion.Incidentally, not that a US citizen can open an account with a Swiss bank anyway any longer – except with at least seven figures and loads of paperwork – but now the policy in Switzerland is to insist that clients prove that their funds are all tax paid. The situation is out of control. And the world’s governments are increasingly working together to make sure no one slips through the net.L: Gotta keep the cattle in line.Doug: That’s right; the US has sent swarms of agents all around the world to bully and cajole bureaucrats in other countries into giving them access to bank account information and to impose income taxes in places that didn’t have them. In Uruguay, where I was last week, for example, there was no income tax two years ago. Now there is. And they’re trying to do the same thing in Paraguay. That’s about the last personal-income-tax holdout among the larger countries of the world.L: When I was in Paraguay last, they had passed an income-tax law, but it was being blocked from implementation by the legislature itself, on procedural grounds. I was told that since all of the legislators are deeply corrupted, none of them want to have to account for their income, and that’s why the measure will never be implemented. “Never” seems a bit optimistic, but it reminds me of your call to make corruption your friend. At any rate, why would the US government care if other countries have income taxes – so they can have tax treaties with them?Doug: I’m sure that’s part of it. A bigger part may be that countries with high tax burdens want so-called tax harmonization, so it’s less tempting to businesses and individuals to leave their borders and go where they can benefit from a lower tax burden – or pay no taxes at all. Governments all around the world, in spite of their differences, share a concern about their income streams – especially since most of them are absolutely bankrupt now – and their bureaucracies work together closely when it suits them. For example, the reason why you get asked if you are carrying more than $10,000 in cash on you when you board an international flight these days, even in a tiny African or South American country, is that it’s an OECD standard that’s been… enthusiastically encouraged. When it first started, it was only $3,000, but that generated too much work for them, so they raised it to $10,000. But all the bad ideas in the world now seem to be coming out of the US.You know, up until the Bank Secrecy Act of 1971, Americans didn’t have to report foreign bank accounts or brokerage accounts. Reporting income generated by such accounts was required, but the existence of the accounts themselves was not required. The rules and reporting requirements have now become so draconian that most foreign banks don’t even want to see a US taxpayer darken their door, let alone open an account for one. It’s a cancer, spreading out from the US.L: So, is this trend inevitable? At some point will Big Brother know everything about all transactions?Doug: Yes. And if they can’t get everything they want from you off your cell phone, which will probably also become your wallet with a digital credit-card app at some point in the near future, they will be able to monitor everything physically via the swarms of tiny spy drones they will flood the skies with. The technology will soon make this cheap as dirt, and computational power is increasing rapidly to the point where it will be possible to process all the images.L: Only if the people don’t divulge everything they are doing and whom they are doing it with on Facebook and Twitter.Doug: [Laughs] Ah, yes, Facebook, the CIA’s most successful covert op. I idiotically opened a Facebook account some years back because someone convinced me it would be a good way to keep in touch with old school friends I’d lost touch with. Now I get scores of people who want to friend me every month, and I know very, very few of them. It will be one-stop shopping for Homeland Security to round up the usual suspects when they feel the time is right. I hate Facebook and never use it for anything. I wonder how many of my Facebook friends are actually government stooges out looking for somebody to railroad…L: A sobering thought.Doug: I have to say that the prognosis for privacy is very grim. The only possible saving grace I can see is that the snoops may end up with information overload, most of it worthless or irrelevant. That’s what seriously impeded the East German and Romanian secret police. But with computer technology getting better and better, there’s not much reason to believe Homeland Security will be buried the way the Stasi was with its primitive technology.I really see no way to stop this trend, nor hide from it – at least in the US or Europe. There’s one thing, however, we can hope for: the coming collapse of the modern nation-state. This will happen, sooner or later, in Europe and North America, at least. This is a possible bright side of the building worldwide financial collapse; it might bring down Big Brother… although it’s more likely, I’m afraid, that he’ll redouble his efforts to control everything. Unfortunately, the immediate aftermath of that collapse is likely to be very unpleasant, especially for those in the most developed and powerful countries.The best way to insulate yourself from this, therefore, is to live in a country whose government doesn’t have the power, financial resources, or technical ability to do these things. As per our last conversation, Africa might be a good place to get out of harm’s way, but it’s a bit too far off the beaten path for my taste and has way too many problems. That’s why I like Latin America.L: What about the hope that if people get pushed too far, they may rebel? Everyone has things they don’t want made public, even those with absolutely nothing nefarious about them. A total lack of privacy would seem intolerable, after some – probably short – period of time. As Princess Leia told Governor Tarkin in the original Star Wars movie: the tighter they squeeze their fist, the more people will slip through their fingers. Or maybe not. It is, frankly, very dismaying to me that the Big Brother concept has been turned into a “reality” TV show.Doug: People may think it’s funny now, or even an egalitarian ideal to live in a society in which no one has any secrets, but that won’t last. If only in relation to currency controls – what we started out talking about – I think there’s something to your Star Wars quote. The more total the monitoring and control the state achieves over the legal economy, the more it will push people into the black market. We saw that in Soviet times. Stringent and very intrusive state monitoring, compulsion, and punishment only made the informal market flourish all the more. I’m sure this will happen. Even North Korea has an active black market. But I don’t like that term. What’s called “the black market” is really the free market; it’s heroic. The legal market – with all its taxes and regulations – is actually the one in need of either radical reform or abolition.L: But the monitoring beyond finance – your drone swarms – might make noncompliance too risky for most people to try.Doug: True. And maybe the US will get not just 10% of the population hooked on stuff like Prozac, but 20% or 50%. As Aldous Huxley pointed out in Brave New World, it’s much easier to control zombies. That’s another reason why I think that hope for the future rests in what are today derided as corrupt Third-World countries. If you’re going to have a ridiculous number of impossible laws, corruption is a good thing. Increasingly, what matters is not the number or even nature of laws on the books in the place you live, but the amount of actual control the state has over private individuals. Corruption subverts idiotic laws; it’s the next best thing to abolishing them.L: I’ve often said that on paper, the US is freer than Mexico, but in fact, Mexico has become much freer than the US, in spite of its legally powerful socialist government. The average Mexican considers tax evasion to be a universal given, but US taxpayers fear their government – a letter from the IRS can cause instant weight loss.Doug: It’s certainly true that in Argentina, where I’m building a new home, people don’t fear their government. Well, not in the police-state sense, anyway; they see it as more of a nuisance. It’s probably more accurate to say they are resigned to their government destroying the economy periodically than to say they actively fear it. If I get pulled over for speeding in Argentina – which itself would be highly unusual – I feel that I have nothing to fear at all, whereas back in the US, I could end up getting tased, have my car taken, and do jail time for saying or doing the wrong thing, even without harming anyone. Any contact with the police in the US brings an increasing risk of a lethal outcome these days. I understand that there are about 40,000 SWAT raids on real and imagined targets every year, and the number is growing fast.Another contrast: in Argentina, most people despise the police and military, whereas in the US, they are apotheosized. This tells you a lot about the psychological states of these populations – it’s a very bad trend in the US.L: On the subject of Argentina, perhaps we should mention that readers who’d like to meet you could head down there for the upcoming harvest celebration.Doug: Well, I’m in the middle of one right now, but another is coming up next week, and there’s still time to sign up for that one. Sure – we have a lot of readers, and I’ve enjoyed meeting many, but it would be nice to get to know more of them. And it’s a nice time to get away from the dying days of winter in the northern hemisphere and come to a place where the weather is pleasant and the wines are fantastic. And I’m really tickled with our world-class gym, spa, and all the rest of it.L: Very well. Investment implications?Doug: Well, this highlights the importance of owning gold, but not for investment purposes or even for the financial prudence we’ve spoken of before, but for a different kind of prudence: privacy – and even freedom.One thing that has changed since we started having these conversations – back when gold was trading at about $600 per ounce – is that having approached $2,000 per ounce, and being likely to surpass that level soon, governments are going to start clamping down on gold more and more. Back when gold was under $300 an ounce, it wasn’t convenient to carry large nominal sums in gold – it was too bulky, too heavy. A roll of hundred-dollar bills was less trouble. But now you can hide $20,000 in one hand using gold. This has not gone unnoticed by the bad guys, and customs and immigrations forms of several countries have started asking not only if you are carrying more than $10,000 in cash, but specifically gold. Incidentally, to keep up with this type of thing, I urge readers to sign up at International Man, which has a great, free daily letter.L: I agree; it’s an excellent publication. That’s an interesting admission for Big Brother to make, asking people to declare cash and gold; in effect, it admits gold’s value as money… But okay, if the state achieves total monitoring and control of the legal economy, and the informal economy becomes much larger, would that not greatly increase the demand for gold? The black market is, as you say, a free – if somewhat chaotic – market, so, according to you and Aristotle, would not gold emerge as the money of choice in that market? And would that not add to the speculative reason for owning gold in addition to the reasons of prudence?Doug: Yes, and yes. Other sub-trends speculators might look for, within the overall trend of digitalization of our world, would lie in various new technologies this will make possible. Many of them would be very positive and profitable for those who deploy them commercially first. This is the sort of thing Alex Daly keeps tabs on in our Casey Extraordinary Technology letter.L: That reminds me of what you said about our phones becoming our wallets. You already don’t really need a physical card to make most revolving credit purchases, just the information on the account. Not only do we buy all sort of thing online these days with this information, but there are chips that transmit gas-card info to gas pumps so we don’t even need to get our wallets out to fill up our tanks. Who knows where that will end up, but I can imagine that as phones and computers (and what used to be TVs) all merge into one technology – which already includes payment systems – money will get folded into this technology as well.Doug: I fully expect that, even though I still don’t own a cell phone and really loathe the things. As an individual human being, I’m going to keep on paying for things in cash for as long as I can – and to me, gold is the real cash of the world. But as a speculator, I think there’s a lot of money to be made investing in the developers of these technological innovations.L: Good luck with that fight. As Locutus of Borg said, “Resistance is futile. You will be assimilated.” There are computer chips in clothing, in cars – heck, it won’t be long before they’re in our food and in the drinking water… Only to help doctors monitor our health, of course.Doug: I know, I know. The prison planet we live on could get pretty ugly before it frees up again. I fear that before things get better, they will have to get much worse, and our world will soon come to resemble a cross between Huxley’s Brave New World and Orwell’s 1984 – or maybe Soylent Green if it gets really bad.L: Another cheerful thought, Doug.Doug: You know I call ’em like I see ’em. I hope many of our current readers will look into The Casey Report as well, if only because this month has part two of a long article that I’m rather fond of, titled Evil, Stupidity, and the Decline of America, which examines the root causes of the pickle the West is now in.But the greater the invasion of privacy, the greater the need for privacy there will be – and the market will respond. I doubt you’ll need stolen eyeballs for retina scans, as in the movie Minority Report, but technologies that identify you to the monitors as a Boy Scout from Iowa (with a perfect grade-point average, totally clean driving record, and no arrests or interrogations) will certainly become available. Clean digital identities should become highly lucrative commodities, all the more so for being illegal. But, with any luck, when the revolution comes – and it will, even though it will be most unpleasant, inconvenient, and dangerous – I hope it turns out more like the revolutions in V for Vendetta or the American Revolution than the one in France under Robespierre. In any event, there’s no doubt in my mind that things will get much worse before the world reboots and gets better again.L: Well, that’s marginally better. As has been observed before, as in the times of chattel slavery, for example, when laws become unjust, just people must become outlaws.Doug: Just so. Maybe we’ll all have our chance to play Robin Hood against an evil king.L: Right then. Thanks for your thoughts… I’ll have to take a closer look at our technology picks for my own investment portfolio.Doug: You should. And you’re welcome. Talk to you soon. In the meantime, live, and be wellL: Until next time.
In 1946, an American singer, Merle Travis, recorded a song called “Sixteen Tons.” The song told the story of a poor coal miner in Kentucky, who lived in a small coal mining town. The town’s economy revolved entirely around the mine.c The mining company owned a “company store,” which had a monopoly on the sale of provisions. It charged rates that were designed to use up the weekly paycheque of the miner, so that the miner, in effect, was a slave to the mining company. As the song states, You load sixteen tons, what do you get Another day older and deeper in debt Saint Peter don’t you call me ’cause I can’t go I owe my soul to the company store Negative Interest Rates Let’s put the song aside for the moment and have a look at a concept that has been bandied about by the European Central Bank (ECB) for a while now. Since the collapse of the central banks would doom the world (their claim, not mine), it is essential that the banks be saved no matter what else must be sacrificed. Efforts to “save” the situation have been implemented through quantitative easing (QE) and the setting and continuation of low interest rates. Unfortunately, in spite of record profits by banks and staggering bonuses handed out to senior bank executives, somehow the QE and low interest rates have not created the prosperity desired. The economy is still in the tank. What to do? A solution being considered is to create “negative interest rates.” Sounds logical, doesn’t it? If low interest rates have kept the economy from crashing but haven’t fixed it, surely, negative interest rates can only be more positive. And what are negative interest rates? Well, it simply means that, if you keep your money in a bank, instead of the bank paying you interest, you pay the bank to hold your money. No central bank has ever done such a thing, so, not surprisingly, it sounds like a bitter pill to swallow. However, the ECB will present it as an “unfortunate necessity.” Electronic Currency Let’s once again change subjects for the moment. If the fiat currencies, such as the euro and the dollar, collapse (as I believe is all but inevitable), the EU and US are likely to immediately come up with an alternate currency (or currencies), since if an alternative is not made readily available, people will turn to whatever currency is handy in order to be able to continue to purchase goods and to trade. We are in the electronic age. We are also seeing the EU and US heading in a direction that is marked with increasing controls on the capital held by their citizens. Therefore, the ideal currency would be an electronic one. No more paper notes in the wallet, no more coins in the pocket; just a plastic debit card to take care of all purchases. All purchases. Whether the purchaser buys something as major as a car or as insignificant as a Cadbury bar, the card would be used for every monetary transaction. This, of course, is a handy solution to the fuss of dealing with what was formerly regarded as money. But there is an extra advantage—quite a major one, in fact—to the government. It now has a record of every single transaction that you make. There could be no “under the table” transactions, as only the debit card would represent currency. Of course, a bank would be needed to handle the transactions. The bank would receive your electronic paycheck directly from your employer, and you would spend what you had in your account. The bank would be the central clearing house though which all your financial transactions took place. An extra advantage to the government would be that they would no longer need to chase their citizens for taxation. Since they had a full record of every penny you earned and spent, they could advise you of the amount of your tax obligation and simply deduct it periodically. If you presently pay tax annually, the deductions could be broken up—say, monthly, or even weekly. And the tax need not be under one heading. Just as your bank now lists a host of confusing charges on your credit card, so the government may have a wide variety of confusing and even redundant taxes that it deducts on a regular basis. Just as with the bank, the rates for each tax might go up or down (but mostly up) without explanation. (The more numerous the tax categories and the greater the frequency of deductions, the more confusion and, therefore, the fewer the complaints.) How Does All This Fit Together? Let’s go back to the ECB. If a negative interest rate exists, the bank no longer pays you interest to encourage you to keep your money with them. They now control all your monetary transactions, and you cannot function without them. The servant has become the master. Therefore, it would not be possible to cease to use the bank for your transactions, should their “negative interest rates” start to climb. At this point, the government and the bank would, between them, control your money totally. You would find yourself, in effect, “owned by the company store.” It’s even possible that bank fees and tax rates could be increased as your income increased, so that you might never be able to truly save money, invest, or indeed, act independently of your “owners.” The flow of your money would have become centralised, and you could not function without them. Of course, this is all theory. Surely, this could not come to pass, because people inherently do not wish to be enslaved. And yet it happened on a wholesale basis in Kentucky and other mining areas in the US. So the question really is, “How did it become possible that people in mining towns volunteered for their own slavery?” First there was a depression. Many people lost their jobs and their incomes and were prepared to do anything in order to feed their families. So they signed up for the only game in town: the mines. It was dangerous work, there were no benefits, and the coal dust would kill a miner after a time. But as long as he lived, his family had enough to eat. He accepted the deal, because (again) it was the only game in town. So, back to the present day, where the Greater Depression will soon be on us in full force. A large percentage of jobs will be destroyed, but in addition, this time around, the currency will also be destroyed. In order to pay for goods, particularly food, people will do whatever they have to, to obtain currency. Desperate times, indeed. But there’s a light at the end of the tunnel! The government has chosen to eliminate bank notes and coins, as they ultimately proved to be so destructive. Never again will this be allowed to happen. The new Electronic Currency System will ensure that all money is centrally managed. The press will declare the new system brilliant, and the harder an individual has been hit by the Greater Depression, the more quickly he will jump on board. The greedy rich have all but destroyed his life, and his government, like a knight in shining armour, has come to save him. Like the miner, he will not be musing on how this will all play out over the decades; he will opt for the promise of relief for his family now. If this all plays out as described above, it will not be just Kentucky, but entire nations. Editor’s note: The day after this article was written, the ECB announced the introduction of a negative interest rate: 0.1% on deposits. As predicted, the media have already begun to the praise the measure. To see what the consequences of economic mismanagement can be, and how stealthily disaster can creep up on you, watch the 30-minute documentary, Meltdown America. Witness the harrowing tales of three ordinary people who lived through a crisis, and how their experiences warn of the turmoil that could soon reach the US. Click here to watch it now.
Welcome to a new season of Invisibilia! The NPR program and podcast explores the invisible forces that shape human behavior. Episode 3 involves two brothers who are happy about the polite, helpful tenant who moves into their mother’s house, until they start to suspect he has sinister motives. Here at Shots, we are exploring the main theme of the story — the things left unsaid, and the havoc they can cause on your personal relationships — with an essay by behavioral scientist Nicholas Epley.The average human brain contains roughly 100 billion neurons, each of which is attached to thousands of other neurons, meaning that another person’s brain is likely to be the most complicated thing you will ever think about. And yet, despite this dizzying complexity, you and I routinely guess what’s going on in the mind of other people almost as easily as we breathe.It takes only a split second to form an impression about another person’s intelligence or intentions, guess what our spouse or a homeless person is feeling, and predict what a political opponent is thinking. You can even leap quickly to conclusions about people in situations you’ve never experienced before, from what’s going on in the mind of our president to the mind of a homeless person begging for food. Making judgments about another person’s mind is easy. Making judgments accurately, however, is hard. In fact, our research indicates that it is surprisingly hard.Consider, for instance, an experiment that Tal Eyal, Mary Steffel and I conducted that put people’s beliefs about their mind reading abilities to the test. We recruited people who we thought would know something about each other, namely romantic couples. These couples had been together for an average of 10 years. Fifty-eight percent were married.One person in each couple played the role of Responder, reading 20 statements and reporting how much he or she agreed with each one on a scale ranging from minus 3 (strongly disagree) to 3 (strongly agree). These statements included, “I would like to spend a year in London or Paris,” “I would rather spend a quiet evening at home rather than go out to a party,” and “Our family is too heavily in debt today.”The other member of each couple played the role of Predictor, guessing how his or her partner would respond to each statement, and also predicting how many of the statements he or she guessed correctly. Think of this as something like The Newlywed Game for science.Our Predictors believed they guessed an average of 13 items out of 20 exactly correctly. In truth, the task was much harder than our predictors expected. They actually guessed only five, on average, correctly.The problem with our inferences about others is not incompetence, but hubris. We tend to think we understand each other better than we actually do.So what’s a person trying to understand the most complicated thing on this planet to do? Dale Carnegie offered a suggestion in 1936: Principle 8. In what has become the Bible of social relations, How to Win Friends and Influence People, Carnegie describes his eighth principle as a method that will “work wonders” for you: “Try honestly to see things from the other person’s point of view.” That is, do some perspective-taking.Even if you never read Carnegie’s book, his suggestion has a powerful ring of common sense to it. Indeed, the vast majority of people we surveyed predicted that actively adopting another person’s perspective would help them understand another person better in a variety of ways, from understanding another person’s reaction when looking at a picture to predicting movie preferences.Our research, however, suggests that this bit of common sense is at least somewhat mistaken. When we tested the impact of perspective-taking on accuracy in a series of 25 experiments we recently published, we found no evidence that actively considering another person’s perspective systematically increased accuracy.If anything, perspective-taking tended to decrease accuracy, including in the romantic couples study I described earlier. This experiment included another condition in which one member of each couple was asked to put themselves in their partner’s shoes before predicting their partner’s responses. This perspective-taking actually decreased accuracy compared to the control group I already described, but it slightly increased the number of items these perspective-takers thought they had predicted correctly. Perspective-taking may work some wonders for your social life, but understanding another person better does not seem to be one of those wonders.Instead, accurate insight reliably comes only when you actually gain knowledge about what it is like to be another person. We refer to this as perspective-getting, as opposed to perspective-taking. The easiest way to get another’s perspective is by simply asking them to describe what’s actually going on in their minds in a context where they can report it both honestly and accurately.This solution may seem painfully obvious, but it is not so obvious to people who are in the midst of actually using it. The romantic couples study I’ve described included another condition in which predictors were given a chance to ask their partner to report their feelings about each of the statements before predicting how he or she would respond. This increased accuracy dramatically, even though those who asked did not have any more confidence in the accuracy of their judgments than those who guessed their partners’ reactions. Even those who take the right approach to understanding the mind of another person — asking directly and listening carefully — seem unaware of how much they had learned.True insight into the minds of others is not likely to come from honing your powers of intuition, but rather by learning to stop guessing about what’s on the mind of another person and learning to listen instead.Nicholas Epley is the John Templeton Keller Professor of Behavioral Science at the University of Chicago Booth School of Business. He is the author of Mindwise: Why We Misunderstand What Others Think, Believe, Feel, and Want. Copyright 2018 NPR. To see more, visit http://www.npr.org/.
The World Health Organization said Friday that security concerns in the Democratic Republic of the Congo’s North Kivu region were preventing aid workers from reaching certain areas — and leaving open the possibility of the Ebola virus spreading.At least 1,500 people could be exposed to the virus, WHO spokesperson Tarik Jasarevic told reporters in Geneva, according to Reuters.Congo’s health ministry declared an outbreak of Ebola on Aug. 1 in the North Kivu region. As of Wednesday, the WHO reports 51 confirmed cases and 27 probable cases of Ebola in the region, with 44 people (17 confirmed, 27 probable) having died of the disease.”We don’t know if we are having all transmission chains identified. We expect to see more cases as a result of earlier infections and infection developing into illness,” Jasarevic reportedly said. “We still don’t have a full epidemiological picture. … The worst-case scenario is that we have these security blind spots where the epidemic could take hold that we don’t know about,” the wire service quoted him as saying.North Kivu — “a lawless, mineral-rich area in the northeast of the country,” as NPR’s Jason Beaubien describes it — is home to 8 million people. “Over the last decade armed groups in North Kivu have massacred civilians and each other while vying for control of the province’s deposits of gold, diamond and coltan, an ore used in cellphones and other electronics,” Beaubien reports.The WHO says the area “has been experiencing intense insecurity and worsening humanitarian crisis, with over one million internally displaced people and a continuous efflux of refugees to the neighbouring countries, including Uganda, Burundi and Tanzania.” About 1,500 miles away in the DRC’s northwest Équateur province, the WHO had just declared a previous Ebola outbreak over on July 24. It said the next day that 33 people had died in that outbreak that had been declared in early May — a relative success compared with the devastating outbreak in 2014 through 2016 in West Africa that left more than 11,300 people dead.The WHO’s response in May involved the first widespread use of the experimental Ebola vaccine rVSV-ZEBOV since testing started in 2015.On Friday, the WHO said more than 500 people, including health workers, had been vaccinated against the disease in the North Kivu outbreak. Copyright 2018 NPR. To see more, visit http://www.npr.org/.