http://www.reuters.com/article/us-spain-...SKCN0ZB0XY

Quote:Spain's two biggest left-wing parties, the Unidos Podemos alliance and the Socialist party, could come close to clinching an absolute majority together in a Sunday's parliamentary election, several exit polls showed.

Unidos Podemos ("Together We Can"), a coalition of several leftist parties led by anti-austerity newcomer Podemos were seen winning 87 to 95 seats, and the Socialists 81 to 86 seats.

Together they would have more than the 176 seats needed for an absolute majority, the exit polls from state broadcaster TVE and the ABC newspaper and Cope radio station showed...





http://www.reuters.com/article/us-spain-...SKCN0ZB0XY

http://www.pleeps.org/2016/06/23/the-mys...-politics/

Quote:Millennials are politically weird. If it were just that they’re generally more liberal than older folks, that wouldn’t be weird. In fact, that might be a reasonable thing to expect from a racially diverse and less religious group that has been unduly punished by the Great Recession. But the weirdness comes in the detailed pattern of their liberalism—in the issues on which the do (and do not) show unusual liberal tendencies. This pattern, as far as I can tell, is genuinely new and remains almost wholly unexplained.

First I’ll show the pattern. Then I’ll talk about it, though it’ll mostly be about how the usual ideas fail to make sense of it. The chart below shows the extent to which Millennials are more liberal (bars to the left) or occasionally slightly more conservative (bars to the right) on ideology measures and on specific issues in public opinion. The green bars show simple correlations—without taking anything else into consideration, to what extent are Millennials different from the rest of the public? The blue bars show what’s left over in these correlations when the statistical model also takes into account standard demographics such as race, immigrant status, religion, education, and income—to what extent are Millennials different from the rest of the public after taking standard demographics into account...




http://www.pleeps.org/2016/06/23/the-mys...-politics/

http://www.telegraph.co.uk/news/2016/06/...live-maps/

 Looks like "leave" has a decent chance of winning, in area where the results have come in leave is doing much better than expected.

A lengthy piece about Murphy who may well be the first Millennial in the Senate.

Quote:Today Congressman Patrick Murphy is on the fast track to the United States Senate. After just three years in the House, the Democrat from West Palm Beach is the anointed star of his party, enjoying the full-throated backing of President Barack Obama and Vice-President Joe Biden – both of whom came to Miami in recent weeks to campaign for him.
Tens of millions of dollars will be spent to get him elected, with Democrats hoping to take back control of the Senate if he prevails.
Republicans, fearing no one can stop the handsome 33-year-old, have pressured Marco Rubio to jump back into the race and try and retain his seat.




http://miami.cbslocal.com/2016/06/22/the...ck-murphy/

http://www.politico.com/magazine/story/2...ent-213756

Quote:This is not a joke. Senator Al Franken should be the Democratic Party’s choice for vice president.
If I had said that 10 years ago, or even six months ago, the notion would have been preposterous: a former Saturday Night Live writer, perhaps best known as the mock self-help guru Stuart Smalley, Franken became synonymous with left-wing bombast thanks to his best-selling book Rush Limbaugh is a Big Fat Idiot. He took the presidency itself as a joke, writing a satirical campaign memoir, Why Not Me, in which Franken wins the White House on a platform of eliminating ATM fees, only to be quickly chased out by the “Joint Congressional Committee on the President's Mood Swings...

Read more: http://www.politico.com/magazine/story/2016/03/2016-elections-al-franken-vice-president-213756#ixzz4CHifZkw4
Follow us: @politico on Twitter | Politico on Facebook

Call it Andy Stern meets Milton Friedman.

1. Give every U.S. citizen not in jail and over 21 a $12,500 refundable tax credit, indexed annually to the CPI.

2. Subject all income to a flat tax, say 25%, with no exemptions or credits whatsoever - no exceptions - besides #1 above.

3. Abolish the minimum wage altogether.

One side of our political divide wants to judge the poor for their laziness, while the other side wants to judge the rich for their greed.

But how about an economic policy that judges nobody?

(06-20-2016, 11:16 PM)Ragnarök_62 Wrote: Well then, in the event of a draft, blue state inhabitants go and red state inhabitants stay.  

Quote:"Smarter" as per Eric's criteria.  Non sequiter.

Quote:That would be a case of prolonged adolescence.  Middle aged folks who think they can outdo some young buck who has been to boot camp are pretty much deluded, IMHO.  Now... Rags knows he's middle aged and confines gun usage only to squirrels and game fowl.   12 gauges and .22's are pretty mickey mouse wrt any sort of military sort of thingie. Of course since they're mikey mouse, .gov needs to butt out of that stuff.

Quote: there is a serious needle in haystack problem here. It is for that reason, the FBI botched Orlando.
What do the spooks want now?  Less worthless data populating their diskie dumpies?  Fuck no, stupid is as stupid does, they want more worthless data like adding spy stuff to lamp posts.   I mean really, I have to use the Ruskie's news to find out useful stuff nowadays.

Quote:The MSM = a bunch of worthless sycophants.

http://www.bloomberg.com/news/articles/2...an-stanley

Quote:To understand today’s global economy, look back 80 years.
 Just like in the 1930s, growth is being constrained by companies unwilling to spend, falling inflation expectations and governments backing away from fiscal stimulus. 
The trigger for the current malaise was the financial crisis that left a hangover of debt and deleveraging amid tighter banking regulations that are exacerbating deflationary pressures. It’s similar to the kind of shock that preceded the 1930s slump, according to an analysis by Morgan Stanley economists led by Hong Kong-based Chetan Ahya...



http://www.bloomberg.com/news/articles/2...an-stanley

Came across this piece today. It cites governmental regulations as the reason why Millennials are not entrepreneurs. I think it is a generational thing too. The Hero generation is generally raised to be followers rather than risk-taking entrepreneurs. Thoughts?

https://fee.org/articles/why-are-so-few-...IwQk0wPSJ9

http://www.mauldineconomics.com/frontlin...haos-ahead

Quote:“This generation of Americans has a rendezvous with destiny.”
– Franklin D. Roosevelt
“Each generation imagines itself to be more intelligent that the one that went before it, and wiser than the one that comes after it.”
– George Orwell

After a lifetime of watching financial markets, the speed at which traders react still amazes me. Sometimes it seems to me like they hail from the “ready, shoot, aim,” school of thinking. Economic trends almost never turn on a dime; and though we can look back and find a moment that was the exact bottom or top, there were forces building that caused people to move from one side of the boat to the other, tilting the economy or markets or society in a different direction. New data can alter our probabilities – but rarely as fast as trading algorithms seem to think. Long-term trends, by definition, change slowly.
I had that thought in mind when I asked Neil Howe to be our kick-off speaker at the Strategic Investment Conference and invited Niall Ferguson to wrap it all up three days later. As historians, they both gaze back through time to identify patterns and draw lessons. They were the bookends who framed the wide-ranging discussions in between. They have both been very influential in helping me develop my understanding of the world.
As I said two weeks ago, the experts I brought to the conference, even the ones I expected to be raging bulls, were mostly bearish. The surprise was Niall Ferguson, who has become the new raging bull. That’s pretty much the one thing you can count on at my conference: surprises! But you can see that even Niall is deeply concerned about much of what is happening in the world...



http://www.mauldineconomics.com/frontlin...haos-ahead