06:02:29 01/07/2017
https://youtu.be/4MvFw37SdSk
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No rest because of the wicked
Ah, Saturday, we’re supposed to have a little lighter fare today, aren’t we? I’m afraid that’s not going to be possible. For those of us here in the Midwest, we’re waking up to temperatures at or below zero, which makes being out at all for any length of time rather dangerous. It’s not going to get much warmer, either, as highs today will still be well below 20 degrees. Be thankful that you’re not in the Carolinas or Eastern Tennessee, however, as they got socked pretty hard with a winter storm yesterday. Fortunately, it was not as widespread as initially feared.
For a Saturday there are a surprising amount of things to talk about. Indianapolis had two more murders overnight. The president-elect is attempting to pick on Arnold Schwarzenegger over television ratings, and prison gangs in Brazil decapitated some 30 inmates as the violence there continues to escalate. These are not the type of things we like to deal with on a Saturday, but they are things you need to know. So, adult up and let’s look at our top 5 things you should know.
This isn’t supposed to be possible
Americans were taken aback yesterday when 26-year-old Esteban Santiago of Anchorage, Alaska, a National Guard veteran who served in Iraq, stepped off a plane in Ft. Lauderdale, FL, retrieved his legally-checked baggage, pulled out a gun and started shooting1. Witnesses say there was no apparent motive or reason to his shooting. Santiago simply shot at anyone and everyone until he was out of ammunition. By the time he was done, five were dead and eight others injured.
Immediately, people begin asking how and why this happened here, in Ft. Lauderdale of all places. Naturally, it’s too early to have all the answers, but a couple of things are evident at this point. First, Santiago’s family states that he had been receiving mental health care and that he “wasn’t right” after returning from Iraq2. This isn’t the first time we’ve heard of soldiers having emotional and mental difficulties after returning from service. We also have to realize and come to grips with the fact that the mental health care we give our veterans sucks. If mental health proves to be part of the cause, then we all have to accept part of the blame.
At the same time, many are wondering how he was able to get a gun through the airport in his luggage. Guess what: it’s perfectly legal. Guns can be shipped in checked luggage as long as they are locked, ammunition is stored separately, and shipped in a hard-sided container. All Santiago had to do was retrieve his hard-case from the baggage area. He then went to the bathroom, assembled and loaded the weapon, and came out shooting. It’s up to the ATF now to determine whether this calls for a change in the rules. I think a lot of people flying would support that.
Russian hacking isn’t done
The National Intelligence director released a declassified copy of the same report given to President Obama and the president-elect yesterday, and what they are saying is a bit more frightening that what we first thought. There is a lot of information in the report, of course, but one of the most troubling items to stick out is the prediction that, even though the election is over, the Russians aren’t done hacking3.
The report is the most detail we’ve seen yet from national intelligence sources concerning the source and severity of Russian-backed hacking efforts regarding the election. According to the assessment, intelligence agencies have a “high amount of confidence that the GRU (a top Russian intelligence agency) relayed material it acquired from the DNC and senior Democratic officials to WikiLeaks.” While the public version lacks the supporting evidence, since that is necessarily a closely-guarded secret, the information made available makes a very strong case against the Russian government and Vladimir Putin.
Contents of the report stand in strong opposition to statements made by both the president-elect and WikiLeaks founder Julian Assange this week4, both of whom denied any involvement by Russia in the election. However, what you should know is that the report is the combined work of 17 different intelligence agencies with thousands of people involved at various levels. This is much more in-depth and authoritative than a tweet pulled out of someone’s ass.
Retail continues to suck
If there is an industry that is currently in decline more than fashion retail, please let me know what it is. Just two days after Macy’s and Sears both announced large layoffs and store closings, The Limited, headquartered here in the Midwest in New Albany, Ohio, announced that it is closing all of its brick-and-mortar stores at the end of business this Sunday5. That’s right, they’re only open today and tomorrow and then they’re gone.
While the store will continue to operate online, the website is showing a 50% discount across the board, indicating a severe inventory sell-off as stores begin shipping back whatever is left on their shelves when they close Sunday evening. This is a huge blow not only to the retail sector, but also to the suburban malls in which most Limited stores are located. As both retail fashion and mall shopping decline, they leave in their wake a significant blight of empty stores and large, vacant buildings.
This doesn’t come as a big surprise to The Limited’s employees. The company had announced back in the fall that it would be closing some stores and laying off employees. Both the CEO and CFO left at the end of the year with no replacement. Some stores have already been offering steep discounts up to 90%. If you have some expendable cash, this might be a good day to go shopping, but don’t expect there to be much left. No new inventory has come to the stores since the first of the year.
Other people looking for work
The Limited employees aren’t the only ones looking for work. United States Ambassadors appointed under the Obama administration are expected to resign and return home by January 206. The mandate applies only to politically-appointed positions and not career diplomats. On one level, this is pretty much business as usual during a presidential transition period.
However, what is different this time around is the requirement that everyone actually be back by the inauguration. Typically, exceptions are made for those who have children in school as well as politically sensitive locations such as Germany, Canada, and Great Britain. Failing to leave some ambassadors in place means that the United States has no Senate-confirmed envoys in those countries until Congress gets through the painfully long process of approving the president-elect’s appointments.
The move not only shows complete disregard for the importance of a cohesive foreign policy, but also leaves our closest allies without a diplomatic relationship with the White House. Ambassadors are now struggling to find new accommodations and secure visas for families who need to stay until the end of school.
And finally …
We can end today on a bit of a high note as employment figures released yesterday showed the economy creating 156,000 new jobs last month even as unemployment ticked up a tenth of a percent to 4.77. This is seen are solid growth despite the minor increase in unemployment. Hiring has continued a slow but steady increase over the past seven-and-a-half years, climbing steadily from the recession President Obama inherited from the Bush administration.
Even the unemployment was good news. The reason for that small increase was that more people were looking for jobs during the period, something that had been a point of concern for economists who were afraid too many people had simply given up. Healthcare was the sector with the largest employment gains, with restaurants and bars coming in a close second. Manufacturing finally managed to add a few new jobs last month as well, after having lost the previous four months.
Those who are gainfully employed are also making more with hourly wages up 2.9 percent, the biggest jump in the past seven years. What remains to be seen, of course, is whether this upward trend continues under the new administration. While the president-elect has bullied some companies into keeping jobs in the US, the actual number of those jobs has not been significant and could still result in yet another retreat in the manufacturing industry. We’ll just have to wait and see.
That’s all we have time for today. With weather as cold as we’re experiencing across the Midwest this morning, you’ll want to exercise extreme caution if you get out. Better yet, just stay home, stay safe, and catch up some reading. We are, again, taking tomorrow off, hoping nothing major happens over the next 24 hours or so. We’ll be back bright and early Monday morning. Enjoy your weekend.
5 Things You Should Know: 01.13.2017
05:04:22 01/13/2017
Is Anybody Out There?
Here it is, the first Friday the 13th of the year. Of course, there’s trouble brewing as temperatures going into this evening sit right on the cusp of providing freezing rain or sleet and making everything a mess. Best guess at this point is that most of the mess is going to stay South of Indianapolis, but expect this evening’s rush hour to be a pain in the ass. Of course, why should traffic be any different from the rest of the day?
And that is why this is likely to be the last edition of 5 Things You Should Know, at least in this format. It’s too much of a pain in the ass for the few people who bother to read or view it. We spend at least six hours, often more, sorting through the news, choosing the right stories, and then selecting pictures. And for what? No one’s watching. On average, we have the same five people visiting every day. The past two weeks we’ve been asking for sponsors and gotten no response. Maybe it’s time to move on.
But did anyone notice?
Anyone who is plugged into any form of media the past twelve hours already knows that there was a ten-minute span yesterday when the C-Span feed was replaced with the feed for Russia Today1. The switch occurred about 2:30 Thursday afternoon as Congresswoman Maxine Waters was trying to convince her more ignorant colleagues why the Securities and Exchange Commission is actually an important part of our government. The feed cut Ms. Waters off mid-sentence and went to music.
You’ve seen this story all over the media because Russia Today has been implicated by US intelligence as participating in the Russian effort to interfere with and influence the presidential election. Could this have been more of the infamous hacking over which everyone has been arguing? Probably not. The private company that owns C-Span released a statement saying that it was much more likely that the error was due to a routing problem.
The question that is on my mind is how long it took before anyone actually noticed that there was an interruption? It’s not like C-Span is the highest-rated network in the country. Most the people who watch it are hard-core political nerds and reporters desperately looking for something resembling a story. If Russia wants to really undermine faith in our political system, perhaps they should consider hacking the feed for the inauguration next week. Although, once again, would anyone notice?
Applying a little lube
We know Congress is about to screw us. They said when they were running for election that they were going to screw us and for some stupid reason we voted for them anyway. So, we should not be surprised by the fact that Congress is about to make it easier for them to repeal the Affordable Care Act2. Assuming the House of Representatives votes along party lines, which is what they’ve been doing the past six years, they’ll change the rules today so that repeal bills can pass through the Senate without chance of a Democratic filibuster.
This is the type of action that you might think would be illegal. After all, the Consitution created the allowance for a filibuster so that the minority party could at least give the majority party a chance to think before they did something stupid. However, Republicans don’t like to think and they certainly don’t want to give the American people time to rally around a filibuster and express their disagreement with what politicians are wanting to do.
The rule change does not require a presidential signature. Once both bodies have approved the change it goes into effect. Be sure, this is all about making it easier for the rich to avoid paying taxes and to eliminate things such as Medicaid expansion and subsidies to help pay for health insurance. This bill is nothing more than the lube being applied before we all get screwed. This is the Congress you elected. Don’t act so fucking surprised.
Fashion isn’t so profitable
We’ve talked frequently before about how fashion retail tends to be in a tailspin. Now, it would seem that at least some designers are getting caught up in the downturn as well. Bibhu Mohapatra, the New York-based Indian designer who has often dressed Michelle Obama, filed for bankruptcy this week3. Fortunately, this does not mean that the colorful designer is going out of business. Rather, the bankruptcy protection allows the company to restructure its debt and continue operating.
What this underscores is just how difficult it is for an independent label to survive in the current fashion climate. Mohapatra is one of a handful of small labels that operates on both sides of the Atlantic and has a reasonably strong following. However, with the general climate in fashion going toward more casual wear and a fast fashion model, designers like Bibhu find themselves in a position of having to alter both their aesthetic as well as their business model if they hope to keep up.
This also puts a light on how dependent small designers are on department stores. Mohapatra’s collection is available largely through upper-end retailers such as Bergdorf Goodman and Saks Fith Avenue, both have which, like many fashion retailers, have struggled to maintain their clientele. The struggles at the store trickle down to the designers whose operations are too small to open their own storefronts. The debt restructuring should make the small brand more attractive to investors. We know LVMH has been doing some shopping and the brand might fit well within that conglomerate.
Trying to find something different
Hedi Slimane seems to be having some difficulty finding where he fits best. The former creative director at Yves Saint Laurent, who left suddenly without explanation last March, was probably hoping that another label would want to take advantage of his often controversial design habits. They didn’t. While there were plenty of transitions throughout the fashion industry last year, none of the major labels even expressed an interest in Slimane. So, he has decided to become a photographer, instead4.
Now, to be fair, this isn’t totally an out-of-reach move for the now former designer. When he was at Saint Laurent, he would sometimes step behind the camera to shoot the brand’s campaign himself. However, we should also note that his doing so largely copied that same habit by Chanel’s Karl Lagerfeld and neither of them manage to actually impress anyone who knows anything about fashion photography. At least Lagerfeld has some experience behind him whereas Slimane has none.
So, here goes the designer into a crowded field of people who know a lot more about photography than he does, banking largely on the recognizability of his name to make up for a lack of talent and experience. What we’ve seen from him so far is a very high contrast black and white style that falls flat and fails to show any real imagination. While I never really liked Slimane as a designer, I don’t think photography is where he belongs, either. Perhaps he should enroll in a community college somewhere.
And finally …
All good things must come to an end, as we know, and often times those ends come without much fanfare or appreciation for what was accomplished. Many people retire and find themselves sitting alone on park benches talking to the pigeons while wondering if anything they’ve done in their life is worthwhile. Joe Biden will not be one of those people, however. After nearly 50 years of public service, the last eight spent as the ultimate sidekick to President Obama, Biden finally got some recognition yesterday in the form of the Presidential Medal of Freedom, with distinction5.
Almost immediately, video of the moment when the vice president realized what was happening went viral. Somehow, despite existing in an atmosphere where nothing seems to ever be secret, the president and his staff were able to surprise his friend with the nation’s most prestigious non-military award. I’ve no clue what Joe thought was about to happen, but he was clearly caught off guard and had to turn away and wipe tears from his eyes as the president made the announcement.
While vice presidents generally come and ago without much notice or notoriety, over the past eight years Joe Biden has become the nation’s favorite grandfather figure and his BFF relationship with the president has inspired thousands of memes and points of humor, which the pair have played up much to everyone’s delight over the past year. What we don’t want to overlook, however, is that Vice President Biden would be deserving of this award even if he wasn’t so chummy with the president. His is a record of incredible service and when he boards the train back to Deleware next week, we’re going to miss him very much.
And that’s it. We’re done. I have no idea what’s coming next, if there’s anything coming at all. What I do know is that the lack of response we’ve gotten to this format requires I take a step back and consider some form of change. I thought there might be value in cutting through all the mass media bullshit and fake news. Apparently, I was wrong. So, we’ll take the weekend off, re-evaluate what seems reasonable, and perhaps come back with something new. Or not. Either way, good luck and have a good day.
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