Orrin Judd

THE POPULAR GOVERNMENT OF THE NATION:

Where did Hamas come from and what does it want?: A thorough examination of the terror group’s origins is necessary if there is ever going to be a lasting peace (EMILE NAKHLEH, DEC 18, 2023, Reponsible Statecraft)


Hamas (Harakat al-Muqawama al-Islamiyya—Islamic Resistance Movement; the acronym means Zeal) emerged in 1987 in the West Bank and Gaza under the Israeli occupation after the first Palestinian Intifada as an alternative to the secular PLO. Israel, Jordan, and a few other Arab states were concerend about the growing strength of the PLO’s secular nationalist ideology and thus initially supported Hamas’s creation. Like other local Sunni Islamic political parties and movements — for example, PAS in Malaysia, Refah and AKP in Turkey, the Islamic Action Front in Jordan, and the Islamic Movement in Israel — Hamas was grounded in the ideology of the Muslim Brotherhood.

Hamas’s political program and charter focused primarily on resisting the occupation and the state of Israel. Hamas never followed the Wahhabi Salafi radical Tawhidi doctrine of Islam emanating from Saudi Arabia. In most of its history, Hamas, unlike al-Qaida and ISIS, never subscribed to or practiced global jihad against the perceived enemies of Islam. Its operational context has always been Palestine and its leaders have always been Palestinians. Many of them spent years in Israeli jails where they learned Hebrew. Most of Hamas’s political leaders are currently in exile in different Middle Eastern countries, especially in Qatar with whose leadership they maintained close relations.

Hamas also comprises a political wing, which over the years participated in governing institutions in the West Bank and Gaza, and a military wing (Qassam Brigades) that has built a fighting force and planned and executed military operations against Israel. Hamas is not a monolithic group, which reflects the reality of Palestinian society in Gaza and the West Bank.

Hamas’s charter rejects the existence of the State of Israel in Palestine, but its political wing has engaged with Israel, especially since 2007, on pragmatic matters that affect the Palestinians’ daily lives in Gaza and has shown a willingness to accept a two-state solution. […]


The most recent public opinion poll in the West Bank and Gaza shows a significant rise in Hamas’s popularity in both areas with nearly 90% calling on Mahmoud Abbas, the Palestinian Authority president in Ramallah, to resign. The poll, which was conducted between November 22 and December 2, finds that Palestinians view Hamas as the most legitimate group in the West Bank and Gaza.

AND AMERICANS ARE RICH PEOPLE:

Trump bemoans record stock market as just making ‘rich people richer’ (Tim Reid, December 17, 2023, Reuters)


The Dow Jones Industrial Average hit a record high last week, topping 37,000 and surpassing the previous record set in 2022. In a 2020 debate with Biden, Trump said that if Biden won the election, “the stock market will crash.”

Biden defeated Trump in the 2020 election.

In an attempt to give a populist and anti-Biden twist on the new record stock market high, Trump, a self-described billionaire, told a crowd of supporters in Reno, Nevada: “The stock market is making rich people richer.”

For the Right, the problem is that the better the economy the more attractive we are to, and the greater our need for, immigrants.

BECAUSE IT IS OBJECTIVE:

The decline of beauty: Why has the concept been rejected by the art world? (Pierre d’Alancaisez, 12/18/23, The Critic)

Ask the contestants of Family Fortunes about the purpose of art, and the concept of beauty is sure to top the list. A kindergartner, likewise, would display an instinctive understanding of the word. In exhibition writing and art criticism today, however, it is as though beauty never existed. Tate wouldn’t dare describe a painting as beautiful, and any artist trying to market their work in such terms would be cast out as an amateur. To speak about beauty today is to be reactionary, without the redemption once offered by thinkers like Roger Scruton. In contemporary art discourse, the concept of beauty is essentialist and deterministic and thus of no use.

In our time of general abolition, there may be convincing arguments for the museum’s war on old ideas. But, as the critic Dave Hickey noted already in the 1990s, beauty has been out of favour in the art school for so long that hardly anyone remembers why. Yet, even now, the assault on the beautiful continues. In The Cult of Beauty at London’s Wellcome Collection, beauty has a problem: we have been “obsessed” with it for over three centuries. From Nefertiti to TikTok, the exhibition questions “the influence of morality, status, health, age, race, and gender” on the notion of beauty before dismantling it to make way for a “more inclusive” version.

It is the morality they rebel against.

NOW MAKE IT 100%:

More Americans Than Ever Own Stocks (Hannah Miao, Dec. 18, 2023, WSJ)

About 58% of U.S. households owned stocks in 2022, according to the Federal Reserve’s survey of consumer finances released this fall. That is up from 53% in 2019 and marks the highest household stock-ownership rate recorded in the triennial survey. The cohort includes families holding individual shares directly and those owning stocks indirectly through funds, retirement accounts or other managed accounts.

The data provide the most comprehensive snapshot yet of how the Covid-era explosion in investing has reshaped Americans’ personal finances. Stuck at home during the pandemic with extra cash, millions jumped into the stock market for the first time. The elimination of commission fees on stock trading across U.S. brokerages made investing cheaper than ever.

“It created a whole generation of investors,” said Anthony Denier, chief executive of mobile brokerage Webull U.S.

FEAR OF CHINA IS JUST RESIDUAL YELLOW MENACE HYSTERIA:


The country should stimulate consumption with spending on education, healthcare and public housing (CHETAN AHYA, 12/11/23, Financial Times)

Its gross domestic product deflator — the broadest measure of prices, taking in all goods and services of a country — is at minus 1.4 per cent and has contracted for two consecutive quarters. Consequently, China’s nominal GDP growth was just 3.5 per cent in the third quarter, much lower than the 6.4 per cent of the US.

A deflationary backdrop poses a few challenges. First, real rates after taking into account deflation will rise, increasing the burden on debtors. Second, even as debt growth slows, it will probably remain higher than nominal GDP growth. And so debt-to-GDP ratios will continue to climb. More crucially, a weaker GDP deflator negatively affects the trends in corporate revenues and profits. If deflation continues to eat into these, companies will cut wage growth, creating a vicious “loop” of even weaker aggregate demand and deflationary pressures.

These issues are particularly challenging in China’s context, considering that it is also facing elevated debt ratios and weakening demographic trends. Along with deflation, these factors combine to present a challenge to China we term the “3 Ds”.

The deflationary pressures in China stem from the deleveraging of the balance sheets of the property sector and local governments. When you consider that the combined debt on these balance sheets accounts for about 100 per cent of GDP, it is hardly a surprise that demand and price pressures are as weak as they have been.

BUT MORE FUN TO BLAME THE PALESTINIANS…:

Israel’s Netanyahu ‘proud’ of preventing Palestinian statehood, labels Oslo Accords ‘fateful mistake’ (The New Arab, 17 December, 2023)

Netanyahu, who was speaking alongside Defence Minister Yoav Gallant and war cabinet member Benny Gantz, also claimed that he had halted the progression of the Oslo peace process, which began in 1993 calling the accords “a fateful mistake”.

The Oslo Accords were an agreement signed by Israel and the Palestinian Liberation Organisation that saw the establishment of the Palestinian Authority in the West Bank and Gaza as part of a process that were meant to lead to a two-state solution to the Palestinian-Israeli conflict.

…and then wonder what they’re so upset about.

THE ESENTIALS OF REPUBLICAN LIBERTY:

‘No Taxation Without Representation’ (JUSTIN STAPLEY, DEC 16, 2023, Freemen News-Letter)

When we think of tyranny, we think of the systems of absolute despotism concocted by the likes of Hitler, Stalin, Un, and Mao. But the definition of tyranny held by the early patriots was any arbitrary government act. The power to tax, in their view, was the power to destroy, and thus taxation must derive from a representative body. Were it to derive from any other place, it would demonstrate a threat to their fundamental rights to life, liberty, and property. The question of tyranny, for them, extended beyond specific acts of tyranny and encompassed a consideration of the legitimacy of government power and how it could be used if the people were subjected to arbitrary authority.

CAIN WINS:

Robots Free Humans from Repetitive Tasks (Janna Lu, December 16, 2023, AIER)

Furthermore, Amazon is experimenting with a multi-robot system called Sequoia at an Amazon facility in Houston, Texas. Sequoia delivers all the totes to employees at an ergonomic workstation, where the employee only has to do work between mid-thigh and mid-chest height. This innovation eliminates the need for regular reaching or squatting, further reducing the injury rate.

Sequoia has improved the identification and storage of incoming inventory by 75 percent, reducing the time to list and update inventory on Amazon.com. It has also reduced order processing time by 25 percent, speeding up shipping times.

With the implementation of robotics and AI, Amazon can reduce injuries and ship much faster. In some same-day facilities, packages “prepared for dispatch within 11 minutes of an order placement at same-day facilities,” about an hour faster than in next-day or two-day facilities.

AI also helps Amazon create efficient delivery routes, “adapting in real-time to traffic and weather conditions,” and helps Amazon forecast daily demand for packages so that the company can predict where and when things will be ordered. Delivery hubs can handle over 110,000 packages within the holiday season, up from the 60,000 that they typically handle.

AI and robotics will impact jobs and change various industries, but automation will first start to replace the jobs that people do not want to do.

ISRAEL’S ONLY EXISTENTIAL THREAT IS INTERNAL:

Are Israel and the United States on a collision course? (DANIEL BRUMBERG, DEC 16, 2023, Responsible Statecraft)


In a December 8 story that seems to have received little attention in western press coverage of Israel’s expanding military campaign in Gaza was this nugget of information: Israel’s military expects combat operations to continue until the end of January, “followed by a three-to-nine-month lower grade insurgency.” Reported by the Jerusalem Post, an English daily whose correspondents appear to have good ties to the Israel Defense Forces, this prediction likely rang alarm bells in the Biden administration. The White House is well aware of Prime Minister Benjamin Netanyahu’s promise to do whatever it takes to “destroy” Hamas. But beyond doubting that this goal is feasible, US officials likely have concluded that Israel is not capable of pursuing its campaign in Gaza without killing many more Palestinian civilians, or is not ready to do so. With the threat of disease and starvation growing as Gazans flee to the south in a nearly hopeless search for safety, the prospect of a major crisis in US-Israel relations is growing. Thus while Israeli leaders applauded the White House’s veto of last week’s United Nations Security Council resolution calling for an immediate ceasefire, they know that the Biden administration supports a wider political and diplomatic approach that Israel’s current government—as Netanyahu has stated—totally rejects.

On December 12, President Joe Biden showed clear dissatisfaction with the Israeli government and Netanyahu. In remarks to donors, Biden reportedly said that Israel is losing support around the world because of how it is conducting the Gaza war. He also reportedly said that Netanyahu “has to change” and that the Prime Minister rejects the two-state solution on which the president has staked his approach to the Palestinian-Israeli conflict.

TAXES DICTATE BEHAVIORS:

Baseball Star Shohei Ohtani’s New Contract Is a Massive Tax Avoidance Scheme. Nice! (ERIC BOEHM, 12.15.202, reason)

But unlike most sports contracts, that $700 million won’t be doled out over the 10-year term of the deal—and, as a result, both Ohtani and the Dodgers are poised to dodge (sorry) some of the taxes they might be otherwise obligated to pay on the record-breaking deal.

The 29-year-old Ohtani will collect $2 million in each of the next 10 years. The rest of Ohtani’s $68 million salary will be deferred for a decade, and the Dodgers will owe it to him in annual installments starting in 2034. By the time Ohtani collects the last of those payments in 2043, he’ll be 49 years old (and almost certainly well into retirement).

Because he’ll be playing most of his games in high-tax California, taking most of his pay via what’s effectively a fixed annuity gives Ohtani the possibility of avoiding some massive tax payments. “By the time he starts receiving the $68 million payments, he may be able to avoid state income taxes by living someplace like Florida without an income tax, or by moving back to Japan,” The Wall Street Journal reported this week.

Disincentives work.