How the Fed Became a Giant Hedge Fund

By Arnold Kling Jeffrey Rogers Hummel tells the story. Phase Two of Bernanke’s policies transformed the Federal Reserve from a central bank confined primarily to managing the money supply into an institution that is now a giant government intermediary borrowing massive sums in order to allocate credit. In that respect, the Fed has become similar […]

Trans Day of Remembrance: ‘Why we need a revolution’

By Elliot Guerrero Nov. 20 — Today is Transgender Day of Remembrance. And I’d like to share an anecdote. Back in 2012 there were two separate occasions when I felt threatened because I was trans. Both of them involved groups of people yelling at me, trying to get me to answer the age-old transphobic question: […]

Obama widens post-2014 combat role for U.S. forces in Afghanistan

WASHINGTON/KABUL (Reuters) – President Barack Obama has approved plans to give U.S. military commanders a wider role to fight the Taliban alongside Afghan forces after the current mission ends next month, a senior administration official said. Source: Obama widens post-2014 combat role for U.S. forces in Afghanistan

Occupation is responsible for escalation in Jerusalem

By PFLP The following is a statement from the website of the Popular Front for the Liberation of Palestine, in the aftermath of attacks by racist settlers and the Israeli state, some lethal, on Palestinians in Jerusalem and the West Bank and an attack by two young Palestinians on a synagogue that left seven people […]

Obama’s day off: Golf with baseball great Derek Jeter

NORTH LAS VEGAS Nev. (Reuters) – Of all the more than 200 rounds of golf Barack Obama has played as president, his outing on Saturday will probably prove to be a highlight: Teeing it up with New York Yankees great Derek Jeter. Source: Obama’s day off: Golf with baseball great Derek Jeter

Obama approves fresh guidelines for U.S. military in Afghanistan

WASHINGTON (Reuters) – President Barack Obama has approved plans giving U.S. military commanders broader authority in helping Afghanistan forces repel Taliban fighters after U.S. and NATO combat operations formally end in December, a senior administration official said. Source: Obama approves fresh guidelines for U.S. military in Afghanistan