Sunday, July 21, 2019

21 July - My Yahoo! - 1 of 2


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  • Chris Wallace Shuts Down Stephen Miller's Lie About Racist 'Send Her Back' Chants

    The "Fox News Sunday" host also grilled the president's policy adviser about the racist birther conspiracy theory Trump has peddled about Obama.
    HuffPost
  • Dear AOC and Bernie Sanders: Socialism Destroyed This Once Rich Country

    Friedrich Hayek famously observed that socialist central planning puts countries on the road to serfdom.The latest dead end on that highway to hell—already littered with the human victims of past failed attempts in places like Cuba and the old Soviet Union—is in Caracas, Venezuela.That is where, last weekend, President Nicolás Maduro and the thousands of Cuban communists who actually run his government took the final step to squash the rights of individual Venezuelan citizens and impose an authoritarian dictatorship.(This first appeared back in 2017.)Hayek could have told us: It is the logical last act in the Venezuelan tragedy that began nearly 20 years ago with the election of Maduro’s mentor (and Fidel Castro’s protégé), Hugo Chavez.As The Economist magazine reported earlier this year, the damage in Venezuela is extensive.The economy has contracted dramatically—gross domestic product in 2017 will be nearly 25 percent smaller than when Chavez died in 2013. Hyperinflation—and the complete economic collapse it signals—seems to be just around the corner.Inflation is predicted to exceed 1,600 percent this year and the value of the country’s currency—the bolivar—has plummeted. As wags on Twitter have noted, it is now worth less than the virtual gold tokens in the “World of Warcraft” video game.Which would be funny, were it not for the immense human suffering right now in Venezuela. People are losing weight because there is not enough to eat in this workers’ paradise.There are shortages of everything, everywhere. Just like in the old Soviet Union, people line up at the first rumor that some basic item—bread, rice, cooking oil, etc.—might be available.
    The National Interest
  • Iran seizes British-flagged oil tanker — here’s what you need to know about the Strait of Hormuz

    A narrow waterway in the Middle East that marks the most sensitive transportation choke point for global oil supplies remained in focus Friday after Iran's Islamic Revolutionary Guard said it seized a British-flagged tanker in the Strait of Hormuz, and another vessel lost contact with its owners and was reported to have abruptly changed course for Iran. The action was the latest in a series of incidents in the region that have seen tensions rise between the U.S. and Iran following the Trump administration's decision to withdraw from a 2015 nuclear deal and reimposed sanctions on Tehran. It also marks rising tensions between Iran and the U.K. after British authorities detained an Iranian oil tanker accused of breaching sanctions on Syria.
    MarketWatch q

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