Ed’s Daily Notes for August 26th   Leave a comment

There isn’t much exciting (or market-moving) on the calendar for this week, which is appropriate for the last week of August, and the week before Labor Day weekend.

Bloomberg: Hague Says U.S., U.K. and France Agree Need for Syria Response

U.K. Foreign Secretary William Hague said Britain is convinced President Bashar Al-Assad is behind last week’s chemical weapons attack in Syria, and there’s agreement with the U.S. and France on the need to respond.

Speaking in an interview with BBC Radio 4, Hague said that diplomatic efforts “would not appear to have worked,” and that a stronger response would be legal and possible even without the full backing of the United Nations Security Council.

“I’m putting here the case that the Assad regime did this, and that the use of chemical weapons on a large scale like this cannot go unaddressed,” Hague said. “I can assure you that our thinking is exactly the same as in the U.S. There’s no difference in our positions, nor with our colleagues in France.”

My response: So? How many Mideastern countries do we have to topple before we realize we cannot fix what is broken over there?

I have a better idea: Western Civilization needs energy independence. We have the means to do it.

How many Americans and Europeans have to die in the Middle East before we get a clue?

The Telegraph: NSA employees spied on their lovers using eavesdropping programme

The headline says it all. As long as the potential for abuse remains with this NSA data collection program, the data WILL be abused. Today, it is just NSA operatives. Tomorrow, maybe a mid-level supervisor who wants to set himself up like J. Edgar Hoover? Or maybe even the president himself?

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Posted August 26, 2013 by edmcgon in Editorial/opinion, Market Analysis, News, Politics

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