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Monday, October 2, 2017

The Political Page, T+255 -- October 2, 2017

Trump's "favorite" for the "next" "Fed" chairperson? According to CNBC, it is not Janet Yellen. Kevin Warsh has moved out in front. For me, this was a bit confusing, to say the least, on several levels.
Kevin Warsh, the favorite to be the next chairman of the U.S. Federal Reserve, apparently believes the central bank has become a servant to the stock market after years of loose monetary policy.
Uber-bear Albert Edwards, an economist at Societe Generale's strategy team, said Monday that after listening to Warsh speak at a banking conference last week, he would be his choice to lead the Fed. He also revealed Warsh felt the Fed had been captured by the "secular stagnation" ideas of former U.S. Treasury Secretary Larry Summers and had become persuaded by the idea that more monetary stimulus is needed.
If I'm interpreting that correctly, it is the "Fed" that has become persuaded by the idea that more monetary stimulus is needed, apparently something that "uber-bear Edwards and Warsh are against.

In addition, Warsh is seen as more hawkish than Janet Yellen, suggesting that rates would go higher faster under Warsh than under Yellen. The dollar would likely strengthen, all things being equal, something Trump does not want.

Clear as mud. As usual.

Some explainin' to do: tell me again why this is not treasonous?

The National Anthem: this probably could have been written differently -- from The Washington Post:
It’s a reversal of course, one that reflects the network’s decision to remain nimble as far as showing the anthem during this season of “Monday Night Football.” It had intended to return to its new, normal practice of not showing the anthem until at least 50 people were shot to death and more than 400 injured in the shooting in Las Vegas.
The pro-athlete disrespect for the flag and national anthem is looking more and more trivial every day. It seems a bit hypocritical that it takes a sniper to turn a concern into a killing field for a network to change course. Another NFL-free Monday night for me.

Running scared: CBS took no time to fire VEEP for tweeting "no sympathy" for Vegas victims. VEEP said victims were most likely Republicans. So much for free speech at CBS:
CBS has parted ways with one of the company’s top lawyers after she said she is “not even sympathetic” to victims of the Las Vegas shooting because “country music fans often are Republican,” when discussing the tragic mass shooting that occurred in Las Vegas late Sunday night. 
Her tweet:
“If they wouldn’t do anything when children were murdered I have no hope that Repugs [sic] will ever do the right thing,” Geftman-Gold wrote in a now-deleted message that was first reported and captured by The Daily Caller.
Geftman-Gold continued: “I’m actually not even sympathetic bc [sic] country music fans often are Republican gun toters [sic].”
I wonder if she kneels?

How low will the go? CNN also reports that the Vegas casualties were probably Trump supporters.

Democrat delays impeachment bill. With 500+ injured; and 50+ killed; and, some/many/most Trump supporters, the Democrat says this is not the right time to bring the impeachment bill to the floor of the House. Well, that's nice. I wonder how "Saturday Night Live" will handle this. I'm sure Tina Fey will figure it out.

Banned. I don't get it. How could the killer use the long gun that he used? It was banned in 1986. Fortunately he didn't have a silencer on that gun -- Hillary says the tragedy could have been much worse had he used a silencer on the automatic weapon. I am not making this up. 

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Camille Paglia on Hugh Hefner's Passing

Link here.

It's unfortunate the interviewer did not preface the interview with a bit of background. This little bit of personal history is critical for those trying to "understand" Hefner:
In 1949, Hefner married Northwestern University student Mildred ("Millie") Williams. They had two children: daughter Christie (b. 1952) and son David (b. 1955). 
Before the wedding, Mildred confessed that she had an affair while he was away in the army. He called the admission "the most devastating moment of my life." A 2006 E! True Hollywood Story profile of Hefner revealed that Mildred allowed him to have sex with other women, out of guilt for her own infidelity and in the hope that it would preserve their marriage. The two were divorced in 1959.

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