Themes for today’s LinkSwarm: Jihad, rape and China. Not necessarily in that order…
A New Mexico state judge ruled Monday that five alleged Muslim extremists accused of training children to conduct school shootings do not have to remain in jail while they await trial for child abuse.
Judge Sarah Backus released the five defendants, Siraj Wahhaj, Hujrah Wahhaj, Subhannah Wahhaj, Jany Leveille, and Lucas Morten, on a $20,000 “signature bond,” according to the Albuquerque Journal. That means that the defendants will not have to pay money unless they violate the conditions of their release
It’s a good thing there’s not a huge foreign nation immediately to the south with a porous border they can flee to…
And authorities just bulldozed the compound?
If China really had a savings rate of 46%, the economy would look quite different. There would be very little debt in the system; the banks would have a very low loans to deposits ratio and low leverage, like banks in nineteenth century Britain. Consumer debt would be almost non-existent, while the Chinese market would have an enormous variety of saving and investment schemes, to take care of all the accumulated wealth. New company formation would be very high, but “venture capital” would be very scarce, because new companies would be capitalized from the savings of the founders’ relatives and friends. Overall, China might well have a rapid growth rate, but it would be a very contented, stable economy.
A recent Financial Times examination of China’s economy illustrates the problem; it shows consumer debt almost doubling as a share of GDP, from roughly 20% to 40% in the last five years and tells pathetic stories of young, highly educated Chinese who max out their credit cards, desperately hoping to boost their earnings sufficiently to pay that debt back. But Chinese elite youths brought up in a society with a 46% savings rate would have neither the desire nor the need for heavy credit card usage. First, they would have been brought up in families with a fanatical devotion to deferring consumption, so would regard the over-indebted Western Millennial lifestyle with undiluted horror. Second, because of their families’ savings habits, such elite youths would be beneficiaries of very substantial trust funds from their relatives, and so would have no need of credit cards.
If the savings rate is fiction, then so are all China’s economic statistics. GDP is at least one third lower than claimed, to account for the missing savings, and growth rates over the last decades correspondingly lower, On the other hand, China’s foreign debt is all too real, and most of the domestic debt also appears to be solid, so China’ s gross debt, already alarmingly high at 299% of GDP according to the Institute for International Finance, is in reality about 450% of true GDP, substantially higher than that of any other country. With such a level of debt, China is not about to overtake the West, it is in imminent danger of collapse. Indeed, it is at first sight something of a mystery why it has not collapsed already under the weight of its excesses.
(Hat tip: Iain Murray at Instapundit.)
A theme that keeps recurring in histories of the worst abusers is that they were trained in seminaries that were run by homosexual men and saturated with gay-liberationist subculture. Reading accounts of students at one notorious California seminary making a Friday-night ritual of cruising gay bars, it becomes hard not to wonder if gay culture itself has not been an important enabler of priestly abuse.
Along those lines, the book Goodbye, Good Men: How Liberals Brought Corruption into the Catholic Church made this argument shortly after the original Catholic Church pedophilia scandal broke, and was promptly ignored by the media for not fitting the narrative.
I will not be subject to one of your rules and yet permit you to be free of your own rule. If it’s your rule, you shall suffer under it just the same as me.
We do not (yet) have a formal caste system in America, despite the obvious longing from the left and the NeverTrump rump to establish over-castes and under-castes.
And it’s MUH #SacredPrinciple that we shall not have a tiered system of citizenship that the leftwing establishment as well as the “right”-leaning establishment so clearly crave.
And I’ll sacrifice anyone to make sure that they do not put me in their designated under-caste.
Trump may be both more relentless and obnoxious than his predecessors, but cries of “Fake News!” from the Oval Office are old hat. Presidents always blame the messenger. Even Barack Obama, the object of so much media fawning, groused about distorted coverage.
This time, though, we are taking it personally. Striking at the bait Trump dangles. Joining the war he’s declared. Allowing him to goad us into abandoning the fundamental principles of our profession.
Donald Trump is not responsible for the eroding trust in the media. He lacks the credibility to pull that off. The damage to our standing is self-inflicted.
The independent press was built on a foundation of objectivity. Through a tradition of conscientious commitment to telling all sides of a story we convinced our readers, listeners, viewers that we were the source of fair and balanced coverage. We were equal opportunity scourges of scoundrels on both sides of the political aisle.
Now, too many of us are following the websites, cable networks and blogosphere into point-of-view journalism that presents the news with equal parts fact and opinion. We’ve infused our reports with commentary and call it context.
Journalists once kept their personal views personal, lest anyone challenge the motives behind their reporting. Now reporters post their opinions on Facebook and Twitter. They sob in newsrooms over the results of an election. News meetings and editorial boards are often indistinguishable.
Respected journalists openly question whether remaining objective in the Donald Trump era is a sell-out rather than a virtue. Some have joined the resistance movement, blending journalism with activism.
No one in our profession can say with a straight face that we cover Donald Trump the same way we have past presidents. We are not only giving him more scrutiny — rightly so — but we are making more mistakes in our haste to discredit him. Our accuracy ratings have fallen as we turn to poorly vetted anonymous sources and repeat every rumor that fits the narrative that Trump is a disaster.
Yes, Trump is an extraordinary case. Chaos is the hallmark of his governing style. His personal conduct falls well short of presidential. But his administration has had successes, and the press is not as eager to cover those as it is his failures.
Journalism seems to have turned a corner in search of some higher purpose beyond simply digging out the truth, presenting it to our readers and letting them decide what to do with it.
Nothing about Donald Trump justifies tossing aside the standards that have allowed journalists to remain the trusted eyes and ears of the people.
Yes, the rumors are true…I am considering doing a MILITANT NORMALS book signing at The Gathering of the Juggalos.#Miracles @icp @centerstreet https://t.co/TsJ4b709vd https://t.co/xJGjDNiw12
— Kurt Schlichter (@KurtSchlichter) August 16, 2018