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Trends This Week – Behind and beyond the Brexit vote – 06.29.16

Although stocks bounced back on “Turnaround Tuesday” on the belief that contagion has been contained following the rout that wiped out $3.6 trillion from equity markets following Great Britain’s referendum last Thursday to “Brexit” the European Union… we disagree. It’s bigger than Brexit. Despite many of the world’s largest hedge funds betting billions on a “Remain” victory and British bookies putting the chances of “Leave” at barely 10 percent, in our June 15 Trend Alert, we wrote, “Should the ‘Leave’ vote win, we forecast the US dollar and gold prices will spike while equity markets, particularly those currently under downward pressure, will sink deeply lower.” Since then, gold hit two-year highs, the British pound fell to 31-year lows and currencies around the world hit new lows against the US dollar – or tested old ones – as investors sought safe-haven assets such as the dollar and Japanese yen.
The criticism in the “investor” world has long been that gold yields no interest. However, as interest rates around the world keep trending lower and holding cash yields nothing, in a climate of ongoing market volatility, for many, holding gold is considered the ultimate safe-haven commodity.

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Black Agenda Radio – 6.27.16

This is Black Agenda Radio, the radio magazine that brings you news, commentary and analysis from a Black Left perspective. Your hosts are Glen Ford and Nellie Bailey, here they are with a weekly hour of African American political thought and action.

– The Great Britain will begin the process of leaving the European Union, after an historic referendum, last week. Capitalists all over the planet are upset. We spoke with Dr. Anthony Monteiro, the Duboisian scholar with the Black Radical Organizing Committee, and asked: “Why are rich people on both sides of the Atlantic so worried about BREXIT.

– In what looked like well-organized political theater, 51 diplomats in the U.S. State Department acted more like employees of the Pentagon, this month. They sent an orchestrated message through the departments complaint channels, calling on the U.S. to launch a bombing campaign against the government of Syria. Meanwhile, U.S. war planes came to the defense of al Qaida terrorists who are under attack by Russian air forces. Sara Flounders, of UNAC, the United National Anti-War Coalition, says the State Department letter-signers are risking war with Russia to save U.S.-backed jihadists in Syria.

– The prosecution against the cops involved in the killing of Freddie Gray, in Baltimore, is batting zero. A judge last week acquitted a police officer of depraved heart murder charges in Grays death. Carl Dix, of the Stop Mass Incarceration Network, spoke to us outside the courtroom.

– Bernie Sanders has conceded that he won’t be the Democratic presidential candidate – and, lots of his supporters are in mourning. But Mumia Abu Jamal, the nation’s best-known political prisoner, says activists must look “Beyond Bernie.”

– Some temporary employment agencies exclude Black job applicants. Instead, they send Latino workers to fill jobs for their clients. Alva Ayala is an attorney for the Workers Law Office, in Chicago. His firm has sued six temporary employment agencies and many of their clients for refusing to hire Blacks. Ayala says temp agencies do the employers’ dirty work, providing companies with the most insecure and easily exploitable workers.

Visit the BlackAgendaReport.com, where you’ll find a new and provocative issue, each Wednesday.

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Erica Etelson – How the Myth of the Meritocracy Ruins Students

The plight of the over-scheduled, over-tested, stressed out student has become the subject of much hand-wringing and several good educational policy prescriptions. ​But if youth are to escape the educational pressure cooker, we need to understand how the pervasive myth of the meritocracy traps them in it. As the instant classic 2009 film, Race to Nowhere, and its 2015 sequel, Beyond …

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Chet Bowers – Is the Digital Revolution Sowing the Seeds of a Techno-Fascist Future?

Before criticizing the title of this piece as excessively alarmist, the guiding ideology of the digital revolution, as well as the cultural changes it has already introduced, need to be compared with the characteristics of fascism. It is also important to recognize that fascism differs between cultures. Italian fascism was different in several important ways from German fascism, and if …

norway parents

Norway is the best place to be a mother, researchers say. Find out what they’re doing right! by Sandy J. Duncan

Norway has been named the world’s best place to be a mother in an annual report released by Save the Children. Save the Children is an independent organization dedicated to helping children throughout the world and has been producing the State of the World’s Mothers report for 13 years now. The rating system takes into consideration factors such as the overall health …