Video of the Day – Here’s What Happened When a Member of European Parliament Tried to Read the TTIP Text

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TTIP is just one of several phony “trade” deals written by corporate lawyers and lobbyists, and negotiated in secret between the Obama administration and various world leaders. This particular scam involves the U.S. and Europe, and it has seen increased public resistance and attention as of late, something I highlighted in the post, Leaked Documents Expose the TTIP Trade Deal as a Subversive Imperial Scam.

Now watch what happened when a MEP (member of European parliament) tried to read the thing. It’s very blurry, but you’ll get the point.

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State Department “Unable To Find” Hillary Emails To IT Aide, Apologizes For Incompetence

To say the least, it's going to be an interesting couple of months for Hillary Clinton. As the FBI probe into Clinton's handling of classified information makes its way to Clinton herself, the Clinton camp will also need be focused on trying to stave off attacks by GOP presidential nominee Donald Trump.

More on the FBI probe in a moment, but first, one of the key areas that Trump will inevitably be focused on is trying to frame Hillary Clinton as just another typical insider who despite the rhetoric, is as cozy with Wall Street as any other bought and paid for politician. To that end, the Republicans are not letting go of the fact that Hillary has yet to release any transcripts of her speeches given to Wall Street. As The Hill reports, Republican operatives are scouring the country for transcripts, notes, or secret recordings of those Wall Street speeches that the Clinton camp refuses to discuss in any great detail – probably because Goldman Sachs alone paid Clinton $675,000 to speak. We're going to go out on a limb here, but Clinton probably was not brought in to speak multiple times by Wall Street firms just so they could hear how bad they were, which is precisely why the GOP wants to get its hands on anything they can related to those speeches (recall: The Real Reason Hillary Clinton Refuses To Release Her Wall Street Transcripts).

Ian Prior, communications director for Republican group American Crossroads, said that information on the Goldman speeches would prove cataclysmic for the Democratic party. "Just mail the Goldman Sachs transcripts to every Bernie supporter. There's your targeted mail program right there" Prior said, while also noting that it certainly would be one way to stop Bernie's supporters from voting for Clinton. Of course, the Democrats view the entire thing as a "total non-issue."

Thus far, the Republicans have not been able to come up with anything significant outside of some attendee's recollection that the speech "was pretty glowing about us." One GOP official said the while efforts have been made, this is one of those situations where high profile and potentially damaging documents remain out of reach.

Speaking of high profile and potentially damaging documents, as the FBI probe is winding down (with the conclusion of the investigation perhaps being an interview of Clinton directly), the State Department reiterated claims it made last December that it still can't seem to locate any emails to or from Clinton IT aide Bryan Pagliano

Spokeswoman Elizabeth Trudeau told reporters Monday that the State Department hasn't been able to locate a single email Pagliano sent or received from May 1, 2009 to February 1, 2013. In addition to a gap in email correspondence, the State Department also does not have any text messages or BlackBerry Messenger messages sent to or from Clinton during her time in office according to The Hill.

As The Weekly Standard notes, we know that at least one email was sent directly from Pagliano to Clinton during the missing time period…

 

Of course, it has been able to locate emails for the time period after Clinton left the State Department…

"The department has searched for Mr. Pagliano's e-mail PST file, and has not located one that covers the time period of Secretary Clinton's tenure.

 

To be clear, the department does have records related to Mr. Pagliano and we are working with Congress and FOIA requesters to provide relevant material. The department has located a PST for Mr. Pagliano's recent work at the department as a contractor.

 

But the files are from after Secretary Clinton left the department. We are continuing to search for Mr. Pagliano's e-mails which the department may have otherwise retained.

 

"The department does acknowledge, we must work to improve our systems for record management and retention as part of the ongoing effort, the department is not automatically archiving Secretary Kerry's e-mails as well as the e-mails of numerous senior staff."

Here are some headlines from Bloomberg:

  • *DEPARTMENT SAYS HAS SOME RECORDS FROM AFTER CLINTON'S DEPARTURE
  • *STATE DEPT. SAYS STILL LOOKING FOR PAGLIANO E-MAILS
  • *STATE DEPT: WE HAVE WORK TO DO TO IMPROVE RECORDS MANAGEMENT
  •  *REPUBLICANS HAD SOUGHT E-MAILS FROM/TO BRYAN PAGLIANO

We'll let the readers draw their own conclusions from the State Departments comments, but once again we remind everyone that the Justice Department has granted immunity to Bryan Pagliano in exchange for his cooperation with the FBI investigation. Also as a reminder, as former U.S. attorney Matthew Whitaker pointed out, if the FBI does interview Clinton, they will only be asking questions that they already have the answers to – answers that could be provided by Pagliano's own computer, which the FBI already has in its possession.

For those that wish to have blood shoot out of their eyes and ears, here is the State Department press conference…

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Citi: “Wage Growth Only For The Wealthy”

Over the weekend we showed a Citi presentation in which Matt King laid out why he is growing concerned as the systemic tipping point approaches.

However, one slide deserves particular attention, the one in which King shows that job creation since 2009 has been largely bimodal, benefiting the two income extremes, or as he puts it “Chefs and CEOs, with not much in between.” But even more notable is the chart on the right which King summarizes very simply: there has been wage growth but “only for the wealthy.

Surely the Obama administration’s response to the above would be that King is merely “peddling fiction” and to just look at the tremendous success that is the S&P 500, trading just shy of its all time highs.

Source: Citi

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Where Is the Public on the Transgender Bathroom Controversy? Depends How You Ask!

Restroom signDon’t believe everything you read, including bold claims about the percentage of Americans who do or don’t support laws requiring transgender people to use one bathroom or another. There is very strong evidence that poll responses can vary dramatically depending on how a question is worded, such that the “hard data” people love to share can start to look pretty squishy.

The Public Religion Research Institute (PRRI) is circulating numbers from January showing that “most (71 percent) Americans, including more than six in ten (64 percent) North Carolina residents, favor general LGBT nondiscrimination laws.”

At the same time, the latest Reuters/Ipsos poll finds a bare plurality of respondents answering that “people should use public restrooms according to their biological sex” rather than “according to the gender with which they identify.”

Can both those things be true? 

I could parse the different methodologies, observing, for instance, that PRRI aggregated interviews taken over the course of a full year, while Reuters looks at a five-day rolling average. But the more important thing to understand here is how much question wording matters.

Back in 2014 I pointed out that just adding a reference to “religious or moral objections” could flip people from supporting to opposing Obamacare’s contraception mandate (the provision requiring even faith-based employers to provide birth control coverage to their workers). I hypothesized that the same would be true on what we at Reason have come to refer to as the gay cake question. I wrote:

It’s one thing for a respondent to be against letting businesses “refuse to serve same-sex couples.” It’s another thing to say people shouldn’t be allowed to “decline to participate in a same-sex wedding.” The former evokes the image of a restauranteur or shopkeeper throwing gay people out of his business, while the latter sounds more like he’s politely reserving the right not to take someone on as a new client. The end result might be the same, but the connotations are worlds apart.

On the transgender bathroom issue, too, it’s very likely that people are responding more to the way the specific question they’ve been asked makes them feel than they are revealing any deep-seated beliefs about how this controversy ought to be resolved.

To prove my point, I direct your attention to a third survey, this one conducted by ORC on behalf of CNN.

When that poll asked people what they thought of laws “that require transgender individuals to use facilities that correspond to their gender at birth rather than their gender identity,” 57 percent held the “liberal” position of strongly or somewhat opposing such legislation (compared to 38 percent who held the “conservative” position of strongly or somewhat supporting it). But when the same poll asked the same people about “laws that guarantee equal protection for transgender people in jobs, housing and public accommodations,” an overwhelming three out of four took the liberal position of saying they were in favor.

The lesson here is that when you frame an issue in terms of “equal protection” and “guaranteeing rights,” you can get a different picture than when you bring up specific policy questions. Note that PRRI asked about non-discrimination laws generally while Reuters queried people on bathroom use by people whose gender identity differs from their biological sex, a potentially more fraught topic.

Likewise, the Reuters question, which had to do with people’s opinion about which bathroom others should ideally use, returned a more conservative result than did CNN’s, which asked about support for a law that would impose a legal requirement on them. Even if a significant chunk of the population isn’t totally comfortable with biological men using a women’s public restroom (or vice versa!), fewer seem to want to get the state involved to stop it.

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Social Conservatives Call for Stricter TV Ratings

SlimeThe V-chip, a device designed to let parents block TV shows that they don’t want their kids to see, was always doomed to disappoint the social conservatives who pushed for something like it. An assortment of those conservatives—including officials from the Parents Television Council, the American Family Association, Morality in Media, and many similar groups—have just declared their displeasure in an open letter to the Federal Communications Commission.

The most important thing to understand here is that the V-chip never really did what its proponents promised it would do. Twenty years ago, President Bill Clinton pushed it as a form of “parental control,” and that phrase keeps recurring when people discuss the technology. Yet parents do not have much say in which programs the chip will block. A distant committee assigns a rating to each TV program, and users then decide what ratings will be filtered from their sets. If Dad disagrees with the committee’s judgment about which shows get which ratings, he’s S.O.L.

Needless to say, plenty of people are going to disagree with the committee’s judgment. Parents are offended by different things, and kids are scared of different things; there’s a big, diverse world out there, and no single set of decisions is going to please everyone in it. But groups like the ones behind this letter are especially likely to object to the ratings.

The ratings-makers, you see, mostly come from the TV industry. (As the letter-writers put it sourly, “the body charged with oversight of the television content ratings system is comprised of those whom it is supposed to be monitoring.”) And from the industry’s point of view, there is a rough social consensus out there as to what sort of programming is acceptable; its task is to figure out those preferences and then reflect them. Groups like the American Family Association, by contrast, want to change the consensus. Their core constituency consists of people who feel left behind by shifting social mores. They’re going to be disappointed with the V-chip directorate’s decisions no matter how conscientiously the committee approaches its task, because it has a fundamentally different attitude toward the task in question.

So have the letter-writers realized the folly of their ways and given up on the V-chip dream? No, of course not; that’s against their domineering nature. They just want people like them to run the committee. “The first step toward correcting the egregious problems with the TV ratings system,” they declare, “must include an overhaul of the self-serving Oversight Monitoring Board.”

Meanwhile, we’re barreling past the Cable Age into an era when “television” dwells online. Traditional TV isn’t dead, but it’s dwindling; each year, a system calibrated for the old broadcast-TV world is going to strike more and more people as anachronistic and useless. The V-chip never was going to give social conservatives what they wanted, and pretty soon we’ll reach a day when it doesn’t even give them the system they got instead.

Bonus link: Back in 2004, after one of Janet Jackson’s areolae made a surprise cameo at the Super Bowl, I made a similar point about the FCC’s indecency regulations:

[T]he war on indecency isn’t going to do what its supporters want it to do. It might chill a lot of speech and cost some broadcasters a lot of money, but the angry mammophobes pushing the FCC to regulate the airwaves more harshly aren’t mad merely because one nipple popped out on national TV and one rock star said the F-word at an awards ceremony. The whole halftime show was smutty, not just the flash at the climax; and you can’t walk two blocks in any densely populated area without hearing someone cursing. Social mores have changed considerably in the last four decades, and the FCC isn’t exactly equipped to change them back again. So no matter how much the government does, there’s going to be pressure on it to do more; the censors’ victories will feel as frustrating as their defeats. That’s why it’s possible for [FCC Commissioner] Michael Copps to wail that his commission isn’t “taking a firm stand against indecency on the airwaves” even as it’s taking its firmest stand in years.

You can read the rest here.

Bonus link #2: One person who signed the letter to the FCC is Nell Minow, daughter of former FCC chief Newton Minow. And it was 55 years ago today that Minow delivered a famous speech declaring TV a “vast wasteland.” For more on Minow’s misbegotten speech, go here.

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Is Online Free Speech Under Attack?

Submitted by Rudy Takala via The Washington Examiner,

Regulators in Washington are showing increasing interest in tightening rules on political speech on the web, arguing that the dissonant voices enabled by "new media" have become too influential. If that effort is successful, experts wonder whether it could impact more traditional media as well, especially in how it relates to conservatives.

"The best example we can give is going back a few years to when the [Federal Communications Commission] was looking at trying to silence talk radio, which was obviously a realm of conservatism," said Drew Johnson, executive director of the nonprofit group "Protect Internet Freedom."

 

He was referring to the agency's "Fairness Doctrine," which required broadcasters to grant equal time to opposing political candidates.

Democrats on the Federal Election Commission demonstrated a similar regulatory ambition in February, when they voted unsuccessfully to apply campaign finance laws, which are traditionally intended to govern paid political advertisements, to unpaid political accounts on Twitter.

"The Twitterverse has carved out for itself a unique and increasingly important role in American elections and political debate," Democratic Commissioner Ellen Weintraub wrote in support of the effort, adding that she believed it "reasonable to count Twitter profiles as among a political committee's websites."

The effort failed narrowly in a 3-3 split along party lines. Had it succeeded, Republicans warned, it could have been a gateway to regulating traditional media. "Social media platforms as diverse as Facebook and Instagram to Snapchat and the New York Times comment boards would be swept into a cumbersome and often speech-prohibitive disclaimer scheme," the FEC's three GOP commissioners argued in a joint statement.

Some conservatives agree that the Internet has changed the nature of media, but not in an auspicious way. "We're not seeing the best and the brightest anymore," said Jason Lewis, a 25-year talk radio host who retired from his syndicated broadcast in 2014.

However, he added, "Someone in their pajamas in the basement can say and write anything he wants without much consequence. The good news is that not very many people will read it."

The move to crack down on speech has also faced pushback from conservative regulators. Speaking about the prospect of his agency looking at regulations in the future, FCC Commissioner Ajit Pai told the Washington Examiner the debate was symptomatic of a broader skepticism of free speech that wasn't healthy for the country.

"[It] poses a special danger to a country that cherishes First Amendment speech, freedom of expression, even freedom of association," Pai said. "I think it's dangerous, frankly, that we don't see more often people espousing the First Amendment view that we should have a robust marketplace of ideas where everybody should be willing and able to participate."

As one of only two Republicans on the five-member FCC, Pai has limited power to thwart policies that his Democratic colleagues support. However, he has amplified the voice of critics who say the agency has exceeded its congressional mandate. The FCC's 2015 "net neutrality" order, which included a ruling that stripped Internet service providers of First Amendment protections, is facing a legal challenge partly on that basis.

In order for pro-regulatory forces to reach the level of success they have long sought, they may need a more sympathetic Congress, or another president who favors their cause.

"I think the threat right now is more from regulatory agencies and the administration. Congress has been a bit more willing to be more 'hands off' on the Internet, and there's not a strong partisan divide," Johnson said. "There are different members who feel different ways about Internet regulation, but it seems like the real threat is the FCC and the FEC and the administration abusing regulatory powers to sort of compromise freedom on the Internet."

Though the next president could have a significant impact on the regulatory landscape, neither party's presumptive nominee has said much about the specific issues involved, with one exception of a promise by Hillary Clinton to enforce "strong net neutrality rules" should she be elected.

But with tight divisions among regulators and the high stakes involved, observers are going to be watching closely to see how the dialogue evolves.

"I could see a situation, particularly if a Democrat controlled the White House again, where you could see that sort of threat or concern regarding political speech in both new media and old," Johnson said.

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Everybody Sues over N.C. Transgender Bathroom Law, Donald Trump Maybe Doesn’t Want to Raise Taxes, Bernie Sanders Would Make $18 Trillion Deficit: P.M. Links

  • RestroomsNorth Carolina and the Department of Justice are suing each other over HB2, the state law that (among other things) requires transgender people to use the bathrooms of whichever gender is on their birth certificates in government buildings and public schools.
  • The latest Donald Trump ¯\_(ツ)_/¯: Maybe he didn’t actually mean he was willing to raise taxes on the rich, after all.
  • A pair of studies claim that Bernie Sanders’ spending plans would increase the federal deficit by $18 trillion by 2026, even when accounting for the candidate’s plans to increase federal revenue.
  • A Muslim student whose name is Bayan Zehlif was rechristened “Isis Phillips” in her California high school yearbook. The school says it was mistake and that there’s another student at the school who is actually named “Isis,” and this might not have been intended as a reference to the terrorist group. But they’re investigating.
  • The new speaker of Brazil’s lower house of Congress has annulled the vote to impeach President Dilma Rousseff.
  • Austria’s chancellor abruptly resigned Monday citing lack of party support and decreased popularity of the Social Democrats.

Follow Reason on Twitter, and like us on Facebook.  You can also get the top stories mailed to you—sign up here. 

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Biotech-Buying Spree Helps Stocks Shrug Off China Crash, Commodity Collapse, & Credit Crunch

There is some serious turmoil going on in credit, commodities, and FX.. but stocks shurugged it all off because jobs were shitty enough to warrant a bid??

 

China stocks crashed…

 

China Commodities collapsed….With Iron Ore now down 22% from the meltup highs, entering a bear market…

 

And Steel Rebar down 25%, extending losses in the US session…

 

Stocks were caught between a rallying JPY carry trade and a tumbling crude correlation…

 

And traded in a very narrow range around VWAP all day…

 

Dow ended the day red and Trannies cluing to unch at the close…Seems like the momnent Europe closed everything was awesome…

 

And VIX was slammed to keep S&P off the redline for 2016…VIX selling has been non-stop since Payrolls dats

 

Credit markets continue to weaken (HYG down 6 days in a row), decoupling from stocks once again…

 

Investors sought the safe haven of Biotech stocks…best day in a month…

 

As LendingClubbed like a baby seal…

 

Treasury yields dropped, decoupling lower from stocks…

 

The USD Index rose for the day in a row, driven by JPY's tumble (3rd biggest drop of the year)…

 

Despite the modest USD gains, commodities were monkey-hammered as China contagion spreads…

 

  • Gold's worst day in 6 weeks
  • Silver's worst day in 6 weeks

  • Copper's worst day in 4 weeks (down 6 days in a row)
  • Crude's worst day in 4 weeks

Finally, crude gave back all its Saudi headlines gains and stalled at what appears a key band of support…

 

Charts: Bloomberg

Bonus Chart: US remains the most expensive equity market by at least 1.7x turns…

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Trigger Warning: At Oxford, Squeamish Law Students Can Avoid Classes About Violence and Sex

OxfordOxford University has joined American law schools in discouraging the teaching of uncomfortable subjects—such as laws relating to sexual violence. The university evidently sees no problem with humoring the emotional fragilities of its would-be lawyers and judges—rather than force them to confront what they fear, it would rather let them remain uneducated.

I previously reported on the testimony of Jeannie Suk, a Harvard University law professor who reports that teaching rape law has become an impossible task for many professors. Squeamish students—some of them victims of sexual assault—veto discussions of subjects that offend them. One professor, according to Suk, was asked by a student to stop using the word violate—as in “Does this conduct violate the law?”—because it was reminiscent of violence. Faced with such a minefield of potential triggers, many professors feel they have no choice but to skip over challenging subjects.

A similar climate is overtaking Oxford, according to The Daily Mail:

They are destined to be barristers and judges – but undergraduates studying law at Oxford are being told before lectures on cases involving violence or death that they can leave if they fear the content will be too ‘distressing’.

The revelation marks the arrival from the US of ‘trigger warnings’ – the politically correct notion that students should be warned before they encounter material that could elicit a traumatic response.

Lecturers have been asked by the director of undergraduate studies for law to ‘bear in mind’ using trigger warnings when they give lectures containing ‘potentially distressing’ content.

One law student explained: ‘Before the lectures on sexual offences – which included issues such as rape and sexual assault – we were warned that the content could be distressing, and were then given the opportunity to leave if we needed to.’

Warning students that they are about to encounter difficult material is one thing. Exempting them from studying it entirely is quite another. A university education should in some sense, require students to grapple with touchy subjects. And  it’s obviously the case that law students who were accommodated every time a professor provoked them will be unprepared for law in the real world. Judges, attorneys, and prosecutors involved in sexual assault cases won’t have the option of leaving the courtroom to protect themselves from exposure to potential triggers. 

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Taxpayers Spent $34 Million on a Minor League Hockey Arena. Two Years Later, The Team is Leaving

Portland PiratesStop me if you’ve heard this one. 

A professional sports team threatens to leave a small to mid-sized city unless a publicly-financed arena is provided to them. Politicians sell the idea of spending millions of dollars on a speculative real estate project for a private company on the grounds that the investment will “pay for itself.” The project becomes a money-loser and taxpayers are left holding the bag. 

It’s an all-too-familiar tale of crony capitalism, and the latest victim of the worst suckers’ bet in sports is the city of Portland, Maine. The picturesque port town was informed last week that its minor league hockey franchise, the Portland Pirates, would be breaking its lease two years after a $34 million renovation of the team’s home, Cross Insurance Arena, was completed.

Voters approved the bond which financed what was then called the Cumberland County Civic Center in 2011, and according to the Portland Press-Herald, “The lease has provisions in the event the team breaks the agreement that limit the damages the arena can claim to $100,000.”

The Pirates had the worst and second-worst attendance in the American Hockey League (AHL) in each of the past two seasons, drawing on average about 3,000 fans in an arena that seats over 6,700. The arena reportedly ran a $600,000 loss last year, which the taxpayers are also on the hook for. 

We have noted often here at Reason that professional sports arenas are almost always a detriment rather than a stimulus to local economies, and publicly-financed arenas are misbegotten boondoggles which enrich no one but wealthy team owners and politicians who live to be photographed holding shovels at sdium tagroundbreaking ceremonies. 

Watch Reason TV’s doc on Hartford (Conn.)’s experience in subsidizing a minor league ballpark below. 

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