In fact, on the verge might not be the right way to put it; in the middle of might be more accurate. Steve Hanke estimates that inflation is running at 70% a month. This is, as Alex Tabarrok points out, nowhere near a record. Still, it's a Big Deal. Hyperinflation has brought down governments--Iran is experiencing protests over the collapsing rial. And it's not hard to see why. At the current rate of inflation the value of a savings account (or a mattress stash) is now barely 40% of what it was one month
Comments: Maybe our best weapon against Iran would be to send them Obama's economic team.
My question is, what makes anyone think that even IF the civilian population rises up in revolt that it will result in an outcome that is positive for the USA?
The Iranian regime can now point to prolonged western sanctions as the culprit as to why people are suffering, and they will do so, whether it's true or not. Does anyone really think a pro-USA, pro-democracy regime change is going to rise up any time soon from a starving populace of islamic people who believe the west has not only abandoned them previously, but now is largely responsible for their current hardship?
The current regime is very likely to hold on to power, even if there is civil war. They have all the weapons and all the money. It does not seem that parts of the military will break away as in Syria or elsewhere.
And really, our biggest concern is the nuclear program -- which the average Iranian is not against and doesn't want to bow to western pressures on any more than the mullahs do. It will continue until it is destroyed. Their economic issues don't change that any.
Unfortunately we do not have a media that covers what actually happens anywhere. And the CIA -- they don't know, but will opine. But there questions: Are the Iranians getting a little tired of mullahs after 33 years?
At the RedState Gathering in New Orleans on Friday, Sen. Ted Cruz called for a grassroots effort to persuade Republicans to eliminate funding for President Obama’s health care law. Or as he put it, the “biggest and the most important battle 113th Congress is going to face” — the battle to defund ObamaCare. Senator Cruz told the gathering of Conservative activists that the best way to defund ObamaCare is with the continuing resolution needed to fund the federal government after the current continuing resolution expires on Sept. 30, 2013. (snip) This is how Senator Cruz said this could work:
Whatever the opposite of a charm offensive is, President Obama is on it. In Chicago on July 24, Obama delivered an hour-long speech in which he complained that “with this endless parade of distractions and political posturing and phony scandals, Washington has taken its eye off the ball.” The mother of one of the four Americans murdered at the U.S. diplomatic facility in Benghazi immediately objected. “He’s wrong. My son is dead. How could that be phony?” A short while later, Obama was at it again. Describing an Oval Office visit with the Vietnamese president Truong Tan Song, Mr. Obama
In large swaths of conservative America, the thinking is that the Republican who may be best positioned to win the White House is not really a Republican. New Jersey Governor Chris Christie is branded with a four-letter word, RINO (Republican In Name Only). Pundit Ann Coulter declares that Christie is "dead" to her. Talk radio poobah Rush Limbaugh says Christie will be the 2016 presidential nominee – for the Democrats. Meanwhile, liberals and moderates see him as a Republican they could learn to like, if not love. Bill Clinton invited him for a friendly chit-chat on stage to culminate his
In each of his nightmares, the 6-foot-9, 300-pound former Army sergeant fights with the man accused of shooting him and nearly four dozen others in the 2009 Fort Hood massacre. “Sometimes I win. Sometimes I lose,” Alonzo Lunsford said. As the court-martial begins Tuesday and Lunsford takes the witness stand, he’ll have to face the man in person. Maj. Nidal Hasan is representing himself at trial. There will be no defense lawyer as a buffer between the victims and the defendant. Instead, Hasan will be the one to cross examine the men and women who say they were attacked by him
In an interview with Scotland on Sunday, Sir Donald Miller, former chairman of both the South of Scotland Electricity Board and of ScottishPower, has described the SNP’s current energy policy on producing 100 per cent of Scotland’s needs from renewables as “disastrous”. (Snip) an independent Scotland could find itself in the same position as Denmark, which produces much of its energy from wind and has the highest household bills in the world – about 70 per cent more than the UK – because it has to import at premium prices from Norway when the wind is not blowing.
The woman charged with defacing portions of the Washington National Cathedral with green paint will be monitored by both federal immigration and local officials after her release from the D.C. Jail. D.C. Superior Court Judge Frederick Sullivan on Friday ordered 58-year-old Jia M. Tian to wear a GPS monitoring bracelet and be released to a halfway house, where she would not be allowed to leave or have visitors, rather than staying in jail pending trial. But because Ms. Tian is in the country illegally — she has a Chinese passport and was traveling on an expired visa when she was arrested
Deer Trail, Colo. - The small town of Deer Trail, Colorado is considering a bold move. The town board will be voting on an ordinance that would create drone hunting licenses and offer bounties for unmanned aerial vehicles. Deer Trail resident, Phillip Steel, drafted the ordinance. "We do not want drones in town," said Steel. "They fly in town, they get shot down." Even though it´s against the law to destroy federal property, Steel´s proposed ordinance outlines weapons, ammunition, rules of engagement, techniques, and bounties for drone hunting. The ordinates states, "The Town of Deer Trail shall issue a reward
President Obama and his family will return to Chilmark for their summer family vacation, The Times has learned. Though not confirmed by the White House, the Obamas are expected to stay in a four-bedroom house valued at $7.6 million with an attached two-bedroom guesthouse on Snail Road, off South Road and surrounded by woodlands. Friday, a White House official confirmed that the president and Ms. Obama will travel to Martha´s Vineyard on Saturday, August 10. They will remain on the Vineyard until Sunday, August 18, when they will return to Washington. The White House said there are no public
Two U.S. government officials warned on Wednesday that the launch of new state healthcare exchanges could potentially be delayed, raising further doubts about the implementation of President Barack Obama´s signature legislation. (snip) Many states have refused to set up the exchanges, adding to the federal government´s burden in implementing the law, which begins for individuals next year. The federal government has to set up exchanges for individuals in 34 states. The U.S. Treasury and White House said earlier this month that businesses would not be required to offer health coverage, or pay a fee, for 2014 to give businesses
A single-storey workshop on a nondescript business park in Oxfordshire is not the sort of place where you would expect scientific revolutions to take place. But behind the white-painted walls of this small start-up company, scientists are talking about the impossible – a potential cure for cancer. For the past 20 years, the former academics who set up Immunocore have worked hard on realising their dream of developing a totally new approach to cancer treatment, and finally it looks as if their endeavours are beginning to pay off. (snip) using the body´s own immune system to fight tumour cells.
The media´s sneakiest dirty trick in the book is bias by omission, because it is so hard to find, when journalists decide "what the people don´t know won´t hurt them," or more precisely, "what the people don´t know won´t hurt our candidate." In Barack Obama´s case this omission emerged in 2012 over his biographical narrative: his 1995 memoir Dreams From My Father (snip) Ask a journalist if he supports the notion of a president whose life story is one part mythology, like George Washington and the cherry tree. Some media people have been stunned when they are told of
Two days ago, Daily Intelligencer reported that, on at least two occasions over the past few months, an NYPD vehicle was witnessed blasting the "Imperial March" — also known as the theme song of Darth Vader — in or around Prospect Park. The NYPD has taken notice, and it is not thrilled. Both of our sources for the story, musician Tyler Sargent and TV editor Scott Rosann, were contacted by NYPD investigators yesterday. In both cases, the investigators were looking for details that might help them identify which officers were responsible for what seems like, at the least, a PR
In 2008 and then again in 2012, after retired four-star General Colin Powell endorsed and then voted for Barack Obama, the former Secretary of State´s sanity was already in question. At least now, after having his email account hacked by high-level security-breacher Guccifer, Colin Powell´s besmirching of the Republican Party´s "shift to the right" and "identity crisis" finally makes sense. It seems that for years the mannerly and always professional Colin Powell has been cyber-comporting with a 46-year-old Romanian European Parliament member, Social Democrat, and past spokesperson for Romanian president Ion Iliescu named Corina Cretu
Conservatives have for years attempted to put our finger upon precisely why Barack Obama strikes us as queer in precisely the way he does. There is an alienness about him, which in the fever swamps is expressed in all that ridiculous Kenyan-Muslim hokum, but his citizen-of-the-world shtick is strictly sophomore year — the great globalist does not even speak a foreign language. Obama has been called many things — radical, socialist — labels that may have him dead to rights at the phylum level but not down at his genus or species. His social circle includes
For nearly a year, we have had no answer to why the administration lied about Benghazi — why it told the world, not to mention the parents of our murdered SEALs at the funeral of their sons, that the cause of that fatal conflagration was an anti-Islamic video no one saw, when the various arms of our executive branch (White House, State and intelligence) already knew, or strongly suspected, it was a terror attack orchestrated by al-Qaeda affiliates. You only have to read the now infamous talking points to know that. That this lie was deeply immoral is obvious.
Today, across Africa, Araby and Asia, from Nouakchott to Dhaka, the diplomatic facilities of the United States are closed. There’s a Tsarnaev out there, somewhere – could be the Mahgreb, the Levant, the Horn of Africa, the Indian sub-continent – who knows? So, as Richard Fernandez writes, “Shelter in place, this time globally.” Maybe it will work. Maybe by the end of the day there will be, unlike Benghazi a year on, men in custody. But if not? Daniel Pipes: Don’t know about you, but I find this pre-emptive cringing unworthy of a great country, even humiliating.
He thought he was a woman trapped in a man’s body — but it turns out he’s “just another boring straight guy.” ABC News editor Don Ennis strolled into the newsroom in May wearing a little black dress and an auburn wig and announced he was transgender and splitting from his wife. He wanted to be called Dawn. But now he says he suffered from a two-day bout of amnesia that has made him realize he wants to live his life again as Don. “I accused my wife of playing some kind of cruel joke, dressing
Not only should President Obama cancel a bilateral summit with "schoolyard bully" Russian President Vladimir Putin, Sen. Chuck Schumer, D-N.Y., said Sunday on "Face the Nation," but considering the country granted asylum to National Security Agency leaker Edward Snowden, U.S. allies should try to move next month´s G-20 gathering from St. Petersburg. "President Putin´s behaving like a schoolyard bully, and in my experience, I´ve learned, unless you stand up to that bully, they ask for more and more and more," Schumer said. "He´s always going out of his way, President Putin is, to seem to poke us in
In an interview for The Guardian Weekend magazine, actor Matt Damon recently weighed in with his thoughts on how President Barack Obama has handled the scandals that have engulfed his administration since the spring. Damon, a vocal supporter of the president since his 2008 campaign for national office, said that Obama is overcompensating for his lack of military background with his tough response to controversies like how the government is responding to National Security Agency leaker Edward Snowden. The actor said that Obama is allowing himself to “get bullied” and is acting as though is “manhood”
The truth about Benghazi, the Associated Press/James Rosen monitoring, the IRS corruption, the NSA octopus, and Fast and Furious is still not exactly known. Almost a year after the attacks on our Benghazi facilities, we are only now learning details of CIA gun-running, military stand-down orders, aliases of those involved who are still hard to locate, massaged talking points, and the weird jailing of Nakoula Basseley Nakoula. We still do not quite know why Eric Holder’s Justice Department went after the Associated Press or Fox News’s James Rosen — given that members of the administration were themselves illegally leaking
Republican National Committee Chairman Reince Priebus threatened to pull the group’s partnership with NBC and CNN for 2016 GOP presidential primary debates if the networks moved ahead with plans to air films on Hillary Clinton. “If they have not agreed to pull this programming prior to the start of the RNC’s Summer Meeting on August 14, I will seek a binding vote stating that the RNC will neither partner with these networks in 2016 primary debates nor sanction primary debates they sponsor,” Preibus said in a statement. In individual letters to CNN President Jeff Zucker and NBC Chairman Robert Greenblatt,
Oprah Winfrey on Monday said the killings of Trayvon Martin and Emmett Till are the "same thing." This transpired during an interview with The Grio that aired on NBC´s Today show. OPRAH WINFREY: It´s so easy during this time: Trayvon Martin, Trayvon Martin parallel to Emmett Till, let me just tell you. In my mind, same thing. But you can, you can get stuck in that and not allow yourself to move forward and to see how far we´ve come. Really? Martin and Till are the same thing?
Michelle Obama took to Twitter on Sunday to send her husband an affectionate birthday message -- and a gentle ribbing about the US President´s graying hair. "Happy birthday, Barack! Your hair´s a little grayer, but I love you more than ever," Michelle Obama wrote on her official twitter account, @FLOTUS. The message was accompanied by an undated black and white photo of the Obamas as a young couple relaxing on a sofa. Barack Obama is spending his 52nd birthday weekend at Camp David, the rural Maryland retreat made available to US Presidents. He was to return
In an exclusive interview for The Grio, NBCUniversal’s African-American news and opinion website, Oprah Winfrey weighed in with her unvarnished thoughts on the killing of Trayvon Martin and the acquittal of George Zimmerman. Winfrey said that, in her mind, Martin’s murder and that of Emmett Till in 1955 – whose killers were also acquitted – were the “same thing.” However, she added that it is important to keep in mind how much race relations in America have progressed over the last half-century. In a clip of the interview which aired on NBC’s Today, Oprah told The Grio’s Chris