Media Companies Panic as Customers Ditch Cable TV

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This is a no brainer. Personally, we canceled our Comcast cable a few months ago, and now only pay for wifi and use Apple TV to watch movies, shows, etc. Apparently, we’re not the only ones.

From Bloomberg:

Cord-cutting is gaining steam.

Pay-TV services recorded their biggest-ever quarterly drop in subscribers, losing 625,000 TV customers, according to a report Thursday from the research firm SNL Kagan.

While about 100.4 million households still pay for traditional pay TV, the report underscored investors’ fears that cord-cutting is gaining momentum and starting to fray the TV industry’s business model.

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Jeb Bush Calls Iraq War a “Good Deal,” Expresses Support for Torture and NSA Spying While Campaigning in Iowa

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Apparently jealous that Hillary Clinton is hogging all the embarrassing headlines, Jeb Bush decided to go on a neocon diatribe while campaigning in Iowa.

Just in case there’s any doubt about how anti-freedom he is, Jeb! decided to make things crystal clear. From him calling the Iraq War a “good deal,” to expressing support for torture and unconstitutional NSA spying, the man is a dyed in the wool authoritarian. Which is precisely why establishment Republican oligarchs love him.

Let’s tackle the torture angle first. The New York Times reported the following:

DAVENPORT, Iowa — Republican presidential candidate Jeb Bush on Thursday declined to rule out resuming the use of torture under some circumstances by the U.S. government.

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Turkey Bombs Kurds Fighting ISIS, Then Hires Same Lobbying Firm Supporting U.S. Presidential Candidates

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The one group in the Middle East that is actually standing up to ISIS and successfully resisting it militarily are the Kurds. So what does U.S. ally Turkey do to the Kurds? It bombs the shit out of them, naturally.

From the New York Times:

Clearly cognizant of how bad this looks, the government of Turkey went ahead and hired lobbying firm, Squire Patton Boggs, the same firm tied to 2016 Presidential candidates Jeb Bush and Hillary Clinton.

We learn from the Intercept that:

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Released Hillary Clinton Emails Reveal…She Was Reading a Book on How to Delete Emails

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As I’ve said many times before, the best part about Hillary Clinton running for President, is that she’s so unbelievably corrupt and shady, not a week goes by without a new scandal or embarrassment. It makes the insulting charade of U.S. elections at least somewhat comical.

In the latest gaffe, we learn (through her own emails), that she asked to borrow a book titled, Send: Why People Email So Badly and How to Do It Better.” Chapter Six of this book is titled, “The Email That Can Land You In Jail,” which includes a section titled: “How to Delete Something So It Stays Deleted.”

You can’t make this stuff up.

From ABC News:

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New Poll Results Show – 37% of British Workers Think Their Jobs are Meaningless

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Earlier this year, I highlighted an excellent article by David Graeber in the post: A Practical Utopian’s Guide to the Coming Collapse – David Graeber on “The Phenomenon of Bullshit Jobs”. Here’s an excerpt:

Graeber’s argument is similar to one he made in a 2013 article called “On the Phenomenon of Bullshit Jobs”, in which he argued that, in 1930, economist John Maynard Keynes predicted that by the end of the century technology would have advanced sufficiently that in countries such as the UK and the US we’d be on 15-hour weeks. “In technological terms, we are quite capable of this. And yet it didn’t happen. Instead, technology has been marshalled, if anything, to figure out ways to make us all work more. Huge swaths of people, in Europe and North America in particular, spend their entire working lives performing tasks they believe to be unnecessary. The moral and spiritual damage that comes from this situation is profound. It is a scar across our collective soul. Yet virtually no one talks about it.”

But what happened between the Apollo moon landing and now? Graeber’s theory is that in the late 1960s and early 1970s there was mounting fear about a society of hippie proles with too much time on their hands. “The ruling class had a freak out about robots replacing all the workers. There was a general feeling that ‘My God, if it’s bad now with the hippies, imagine what it’ll be like if the entire working class becomes unemployed.’ You never know how conscious it was but decisions were made about research priorities.” Consider, he suggests, medicine and the life sciences since the late 1960s. “Cancer? No, that’s still here.” Instead, the most dramatic breakthroughs have been with drugs such as Ritalin, Zoloft and Prozac – all of which, Graeber writes, are “tailor-made, one might say, so that these new professional demands don’t drive us completely, dysfunctionally, crazy”

Graeber believes that since the 1970s there has been a shift from technologies based on realising alternative futures to investment technologies that favoured labour discipline and social control. Hence the internet. “The control is so ubiquitous that we don’t see it.” We don’t see, either, how the threat of violence underpins society, he claims. “The rarity with which the truncheons appear just helps to make violence harder to see,” he writes.

It seems many workers in the UK agree. We learn the following from a recent YouGov poll:

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The Dissident Dad – Teaching Children to Save in a 0% World

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At the age of 5, I clearly remember walking into my local Bank of America to open up my first savings account. It was almost a thrill, receiving my small, beige deposit book, where my father noted the first entry: $260.

I had found a wallet on the floor of a hotel about 6 months prior to that. After no one claimed it, the hotel mailed me a check. Perhaps it’s because I’ve always had an interest in finance, but opening up that first savings account is one of my earliest memories. It ended up helping me to become a disciplined saver from an early age.

Moving along, in the late 1990s, I remember opening up a 1-year CD at 6% when I was barely an adult. Looking back, depositing money at a bank made sense at the time. Fast forward to today, and I don’t think teaching my children to store their money in a bank is prudent, or even a smart thing to do.

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The Oligarch Recovery – Renting in America is Most Expensive Ever

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Characterizing the upward transfer of virtually all American wealth to a handful of oligarchs a “recovery,” represents a grotesque insult to the english language as well as common sense.

The writing was on the wall from the very beginning. I knew as soon as TARP passed that we as society would regret the day we bailed out the bankers who destroyed the world economy. It didn’t take long.

Bailed out Wall Street banks went ahead and paid themselves record bonuses less than one year after the bailouts. Then, in early 2013, the financial community’s next scheme to feed off the carcasses of the American public became crystal clear. They wanted to become America’s slumlord by buying millions of foreclosed homes and then renting them back to former homeowners. When I realized what was happening I published the post, America Meet Your New Slumlord: Wall Street. Here’s the opening paragraph:

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Bernie Sanders Takes the Lead from Hillary in Latest New Hampshire Poll

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Of all the political developments this year, including the rise of Trump amongst misguided conservatives, the most surprising of all to me has been the success of Bernie Sanders.

Six months ago, the idea of Bernie seriously challenging Hillary was laughable. It was her turn. She’s a woman. Bernie is old, crotchety and a self-proclaimed socialist. Who’s gonna go for that? Apparently, a lot of people.

While I disagree with Bernie Sanders on at least 50% of the issues, there is a big difference between Bernie Sanders and Hillary Clinton. Sanders is genuine, Clinton is not. Sanders want to do the right thing for the country, whether or not I think his solutions are misguided. Clinton worships money and power to such an extent she is willing to lie, cheat and steal to get it. At the end of the day, voters are picking up on this, and that’s a very good thing.

From the Wall Street Journal:

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Neocon Godfather Francis Fukuyama Warns of “Too Much Transparency” in Government

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Although he’s attempted to distance himself from it in recent years, there is little doubt about the role American political scientist, Francis Fukuyama, has played in popularizing the cancerous ideology know as neo-conservatism.

In case you harbor any doubts, he was one of the signatories to Bill Kristol’s infamous open letter to George W. Bush on September 20, 2001, which amongst other things, argued for military involvement in Iraq. A move that ultimately manifested in 2003, and represents one of the greatest foreign policy blunders in U.S. history. Here’s the Iraq section from that letter, signed by Mr. Fukuyama:

We agree with Secretary of State Powell’s recent statement that Saddam Hussein “is one of the leading terrorists on the face of the Earth….” It may be that the Iraqi government provided assistance in some form to the recent attack on the United States. But even if evidence does not link Iraq directly to the attack, any strategy aiming at the eradication of terrorism and its sponsors must include a determined effort to remove Saddam Hussein from power in Iraq. Failure to undertake such an effort will constitute an early and perhaps decisive surrender in the war on international terrorism. The United States must therefore provide full military and financial support to the Iraqi opposition. American military force should be used to provide a “safe zone” in Iraq from which the opposition can operate. And American forces must be prepared to back up our commitment to the Iraqi opposition by all necessary means.

Of course, what Mr. Fukuyama is most famous for, is the ridiculous assertion in his book, The End of History and the Last Man, that the worldwide spread of liberal democracies and free market capitalism of the West and its lifestyle may signal the end point of humanity’s sociocultural evolution and become the final form of human government.

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Turning Humans Into Algos – The Trend of Employees Wearing “Biosensing Wearable Devices” at Work

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The future is here.

Just yesterday, I published an article titled, “Minority Report”-esque Big Brother Billboards are Coming to England. Here’s an excerpt in case you missed it:

Much of the shift is being driven by today’s enhanced data-collection and analysis power. Ocean’s three new billboards in Birmingham, shaped like large human eyes, will broadcast ads like regular digital billboards, but have the ability to change based on how many of a certain group are within “eyesight” of the camera. 

But software will analyze the feeds to pick up facial features and how long a person looked at an advertisement, according to Olivier Duizabo, chief executive of Quividi, the company that made the software.

Today, I came across a Bloomberg article that highlighted how some companies, particularly hedge funds looking for an edge, are having employees wear “biosensing wearable devices,” in order to collect detailed analytics about them and hopefully improve performance.

We learn that:

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