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Afghanistan: Roadside bomb and Taliban attack kill 14

December 22, 2014
Zee News [India]    
Posted in News

"A roadside bomb and a Taliban attack on a police post have killed 14 people including children in Afghanistan, officials said Sunday. Seven civilians died when a bomb hit a pickup truck travelling from Asadabad, the capital of the eastern province of Kunar, to Nari district near the border with Pakistan on Saturday. ... In northern Afghanistan Saturday seven police were killed and about a dozen wounded when some 200 Taliban fighters attacked their post in the Qushtapa area of Jawzjan province, provincial police spokesman Ahmad Farid Azizi told AFP." (12/21/14)

http://tinyurl.com/pzg9zrl  

How Dodd-Frank financial regulation is messing up that thing where you surf zero-APR credit cards this Christmas

December 22, 2014
Clyde Wayne Crews Competitive Enterprise Institute
by Clyde Wayne Crews  
Posted in Commentary

"Dodd-Frank financial regulation is the gift that keeps on taking. If you’re juggling Christmas bills, or soon will be -- or maybe trying to take advantage of some great travel reward credit card to see loved ones -- you might have to make an unanticipated interest payment if you’re not careful. Partly owing to Dodd-Frank’s bundle of constraints, the credit-card APRs banks collect are sky high these days, even though everyone else loses money on sub-1% money market and CD accounts thanks to ordinary inflation." (12/18/14)

http://tinyurl.com/o8vclgm  

For truly better relations with Cuba, open the door and get out of the way!

December 22, 2014
US Rep. Ron Paul (R-TX) Antiwar.com
by Ron Paul  
Posted in Commentary

"What is particularly encouraging about this move is that the 50 year freeze in US/Cuba relations was thawed by a simple telephone call between President Obama and his Cuban counterpart, Raul Castro. I have opposed the isolationist policies of sanctions and embargoes and have encouraged US presidents to simply use diplomacy -- even a simple telephone call -- to clear up differences. There is a lesson in this for similarly tense US relations with Iran, Russia, Syria, and others. I am optimistic about this policy shift by the US government but I am also very cautious." (12/22/14)

http://tinyurl.com/lbszqr3  

India: Three killed, four injured in Manipur explosion

December 22, 2014
Hindustan Times [India]    
Posted in News

"Three people were killed and four others seriously injured in a powerful blast in Manipur's capital city of Imphal Sunday morning, police said. 'An IED (Improvised Explosive Device) that was planted by the roadside near Khuyathong area, close to Imphal market, exploded killing three labourers and wounded four others,' a police official said. ... No militant group has claimed responsibility for the blast as yet." (12/21/14)

http://tinyurl.com/qj2rn8t  

Over-privileged discourse

December 22, 2014
Unqualified Offerings
by Thoreau  
Posted in Commentary

"For any social or political topic, there will be a multitude of useful frameworks within which one might analyze it. Using every possible framework would eventually paralyze one, and amount to an inability to see that some framings are more useful for some issues than for others. On the other end, focusing primarily on one sophisticated framework that the audience does not subscribe to does not seem like a good tactic for public persuasion, but it might be a good tactic for educating people if they have shown up with the understanding that they will focus on a particular framework in a particular setting. However, focusing on a framework that the audience does not subscribe to can also be a good way to make a display about oneself." (12/19/14)

http://highclearing.com/index.php/archives/2014/12/19/18280  

Markets describe reality; models should explain market reactions

December 22, 2014
Scott Sumner EconLog
by Scott Sumner  
Posted in Commentary

"Paul Krugman has a new post that explains why he is pessimistic about monetary stimulus at the zero bound. He briefly describes his 1998 paper on the zero bound problem. This paper shows that if base money and bonds are perfect substitutes at the zero bound, and if monetary stimulus is expected to be temporary (i.e. not to affect future money supplies) then conventional open market purchases are ineffective at the zero bound. From a technical perspective, there is nothing wrong with Krugman's model. The real problem is the way he uses the model." (12/20/14)

http://econlog.econlib.org/archives/2014/12/markets_describ.html  

Pakistan makes arrests in Taliban school carnage

December 22, 2014
Newnan Times-Herald    
Posted in News

"Authorities made several arrests in the case of the Taliban school attack that killed 148 in the northwestern city of Peshawar, on Sunday, officials said. 'Quite a few suspects who were facilitators in one way or the other have been taken into custody,' Interior Minister Chaudhry Nisar Ali Khan said, adding that the interrogations were 'moving ahead in a positive manner.' He did not disclose their identities or say how many they were." (12/21/14)

http://tinyurl.com/krwfgtr  

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