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Monthly Archives: July 2017
Odd Mom Out Takes on Ivanka-Esque Faux Feminism – Vogue.com
Posted: July 20, 2017 at 3:04 am
With Carrie Bradshaw and Hannah Horvath in retirement, Jill Weber of Bravos Odd Mom Out has ascended to her rightful place as the pre-eminent New York social diarist on television. The brainchild of creator, writer, and executive producer Jill Kargman , who also plays the leather harness-clad goth mom on the cult cable hit, Jill has given us three seasons of wack Upper East Side trend-spotting, from status cemetery plots to the social warfare that is the kindergarten admissions process. Its only fitting, then, that in season three, which airs its second episode tonight, Odd Mom Out trains its keen satirical eye on a distinct cultural issue of the Trump times: Ivanka-esque faux feminism.
The vessel for this hilarious yet all-too-true plotline is Jills sister-in-law, socialiteturnedhandbag designer Brooke Von Weber (played to perfection by Abby Elliot), one of the only people standing after a Bernie Madofflike Ponzi scheme fells the Upper East Sides bank accounts. (For shamesome people even had to relinquish their art advisers!) Rising like a phoenix in a powder pink power suit, Brooke concludes that her best branding move in this time of crisis would be to pay it forward with an initiative to empoweror as she calls it, empow- her underprivileged women.
Women dont need a handout; they need a hand up, she says in her eureka moment. Give an impoverished woman a bag, so they have a bag for a day. But teach that woman to make a bag? Well, she can eat forever!
Never mind that Brooke is painfully out of touch: Her empow- her initiative, through which Indian women will make her high-end bags, all but amounts to slave labor, but its all about optics. Brooke is the kind of feminist from afar who only symbolically did the Womens March and who is merely launching this initiative out of self-interest. This is my chance to prove that I am an insp- her -ation, a lead- her , and above all, a give- her , she says in next weeks episode.
A wealthy New York handbag designer spouting handy feminist catchphrases to further her brand . . . sound familiar? Whether this was intentional shade in Ivanka Trumps direction (Kargman is an outspoken Trump critic on Twitter) or just more eye-rolling at the abuse of the word empowerthe same word Kim Kardashian West has used to describe her nude selfieswith respect to so-called feminism, Brookes branding scheme smacked as mighty similar to a scene from a recent New York Times profile of Ivanka Trump. It describes how, in 2013, Trump, her husband, Jared Kushner, and a cohort of employees huddled around a whiteboard brainstorming a catchy yet accessible slogan that would make Ms. Trump and her eponymous fashion and accessories brand more friendly to the mass market. They settled, as we all well know, on #WomenWhoWork and, according to the Times , swiftly set about tailoring her image to fit the concept.
Odd Mom Out wrapped its third season before that New York Times article dropped, making its viewpoint all the more prescient. Its become trendy to adopt the mantle of womens empowerment (ahem, empow- her -ment) for the benefit of ones personal brand, spouting buzzwords when, in fact, theres no substance behind themkind of like purporting to be an advocate for the empowerment of women and girls, as Trumps Twitter bio touts, while working as a key adviser for a president who supports defunding Planned Parenthood, has been repeatedly accused of sexual assault, and openly lambasts womens appearances on Twitter. Odd Mom Out nails the hypocrisy of faux feminism as perfectly as it has crunchy, Brooklyn-style parenting. Brooke launching an empowerment initiative for ostensible slave labor says it all: Its only empowerment if it translates to women wielding actual power.
Odd Mom Out also deserves props for finding a way to somehow make this feminist cluster fuck funny. On next weeks episode, a continuation of the empow- her -ment plot, Brooke tells Vanity Fair s Derek Blasberg (in a cameo appearance) that, when in the Hamptons, she actively supports efforts to eradicate female sea sickness on yachts. But Blasberg does her one better. I heard Tory Burch is starting a foundation to empower gold diggers to stand up to their oppressors and divorce their husbands, he says, earnestly. Its called Melanias Tower.
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Why Pageants are Problematic – Study Breaks
Posted: at 3:04 am
Once upon a time, I was a bright-eyed teenager who loved being onstage as a dancer and scholarship pageant titleholder. I embraced the sequins, the smiles, the photoshoots and friendships while knowing I was investing in my future by earning scholarships. As a teen titleholder in the Miss America Organization, I was given the opportunity to volunteer and perform across my home state, gaining confidence with every appearance. I emerged from my year of service as a more well-rounded young woman, and deemed my experience life-changing.
Yet, my current self wouldnt so quickly jump at the chance to be onstage again as a pageant competitor, even to earn scholarships.
Through the first half of my undergrad studies, Ive developed a bit of cynicism, in addition to a tendency to reject most things that uphold traditional gender norms. People frequently ask me when Ill compete again and I rarely know how to politely deflate their excitement; Im truthful in explaining that I have some fundamental issues with the expected image a pageant queen must uphold. I think its a wonderful opportunity for someone, but Im not that girl anymore.
Scholarship pageants are meant to be a source of empowerment for young women, to bring them pride in their personal accomplishments and inspire them to reach higher. In some respects, they do this, in others they fall short. Pageant queens are meant to represent modern, successful women, but to do so properly, pageants need three major updates.
They typical depiction of a pageant queen is a tall, thin woman with fluffy curls, flawless skin and a perfectly white smile, who is dressed to impress. This image isnt based in fiction; its generally accurate. But, it doesnt represent successful women at large. In a row of contestants, I would be an oddball; Ive got chopped, bleached-blonde hair, three tattoos (and counting) and my pasty arms and legs arent exactly swimwear ready.
While the rest of society is celebrating an array of body types and varying overall looks, the pageant world has yet to catch up. There isnt a rule or regulation dictating how a woman must look to be a competitor, but the homogenous appearance of contestants replicates many of the unattainable ideals women are moving away from.
Generally, healthfulness and confidence have replaced traditional beauty standardsas they should. The women seen on pageant stages are certainly confident and health-conscious; their commitment to their bodies is admirable. Yet, it would be refreshing to see a competitor without a six-pack of steel, or one with funky hair, or someone who is more relatable looks-wise to women at large.
For each story about something amazing a queen has accomplished, there are two stories of scandal or bad queen behavior. Often, these disreputable tales tell of queens who are caught at parties or who had naughty photos leaked. The illusion that a queen is perfect is shattered and her title is often stripped as a result.
Maintaining a spotless reputation is challenging. It is frowned upon for queens and contestants to drink, reference their sexuality, curse, be loud or contradictory, or be anything but mannerly. A queen must maintain her demure demeanor in public and private; she is under constant scrutiny. Her social media accounts are combed through, past and current posts are surveyed for content less than newspaper-worthy.
But its important to remember that queens, despite the immaculate image they maintain, are human and are allowed to make mistakes and blunders like anyone else. Binding them to hiding these elements of their lives enforces archaic ideas that women have been trying to shed for decades. Queens should maintain a reputable image and a wholesome persona, but they also should be able to do whatever they damn well please without being scorned for it.
Lingering around the crown is the ancient idea that a woman must be polite, virginal, delicate and donning a well-tailored dress and a smile at all times to be considered a good girl. A woman who has a glass of wine at girls night and posts it on Instagram, or one who has a sex life, can still be a good and successful queen. Contrary ideas should be as out of style as puffy-sleeved ball gowns.
Even with the progress that has been made in LGBTQ rights recently, the pageant scene is still playing catch-up. Eligibility rules often require contestants to be sexually female or fail to define womanhood at all. If the goal of the scholarship organizations is to empower the modern woman, they need to update their definition of woman. The term needs to be all-inclusive, not applicable to only a select group who are assigned it based on someone elses standards.
While scholarship pageants remain unprecedented in encouraging young women to meet their academic and educational aspirations by providing them the scholarship opportunities to do so, they lack in modernizing the concept of a woman. The women who hold titles often seem flawless, their appearance and achievements topping the most elite standards.
Though they are meant to inspire other women to reach their goals and set an example that encourages the belief that anything is possible, their surreal aura is almost disheartening and discouraging because of its seeming unattainability. Even as a former titleholder, I am intimidated by the expectations and pressures that come with the crown. With contestants who incite active changes, the scope of pageantry will begin to look more diverse, inclusive and celebratory of womens successes in their own terms rather than the archaic terms of femininity imposed upon them.
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Freedom Caucus to try to force vote on Obamacare repeal – Politico
Posted: at 3:04 am
House Freedom Caucus Chairman Rep. Mark Meadows says that his group wants to delay the traditional August recess until work is accomplished on health care, the debt ceiling and tax reform. | J. Scott Applewhite/AP
House conservatives are launching a late effort to force their colleagues to vote on an outright repeal of Obamacare.
Leaders of the hard-line House Freedom Caucus on Wednesday evening will jump-start a process intended to force the measure a mirror of the 2015 repeal proposal that President Barack Obama vetoed to the floor as early as September.
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The idea, sources say, is to create pressure on GOP leaders in the House and Senate ensuring Republicans dont give up on their seven-year campaign promise.
There's no reason we should put anything less on President Trump's desk than we put on Obama's, said Freedom Caucus Chairman Rep. Mark Meadows (R-N.C.). "President Trump wants to sign repeal it's time Congress send it to him."
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Their effort is unlikely to result in a bill landing on Donald Trumps desk many Republicans have rejected calls to eliminate the core of Obamacare without having a comprehensive replacement plan ready. But if the group garners enough signatures to trigger the floor vote, it would force many mainstream and moderate Republican lawmakers into the uncomfortable position of rejecting a repeal measure they backed just two years ago.
Meadows and Jim Jordan will have the backing of conservative outside groups, like Club for Growth and FreedomWorks. The Club and activist group Tea Party Patriots launched a website Wednesday called Obamacare Repeal Traitors to pressure senators who opposed the latest GOP efforts to replace Obamacare. The senators defections have all but derailed Republican efforts to replace the 2010 health care law.
The Freedom Caucus strategy begins with a technical push to force the 2015 repeal measure to the House floor. Meadows and Jordan are seeking a discharge petition, which would enable them to bypass House leaders to put the bill up for a vote. To begin that process, the lawmakers plan to file a special rule Wednesday evening to consider the proposal. That rule will sit in the Rules Committee for at least seven business days.
After seven days, lawmakers can file a discharge petition, which requires signatures from at least half the House 218 members to bring the bill to the floor. Theyre unlikely to succeed, but the effort would quickly identify which Republicans rescinded their support for the 2015 bill.
The group could receive some support from conservatives in the Republican Study Committee, who talked during a Wednesday meeting about asking GOP leaders to allow them to vote on a repeal-only bill before recess.
The push by House conservatives has grown more urgent in light of the apparent failure by the Senate to adopt an Obamacare replacement plan. The House narrowly passed its own version in May, but Senate efforts collapsed this week, after moderates rejected the plans deep reductions in Medicaid funding.
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Journalists Remain Shackled in Aung San Suu Kyi’s Newly Democratic Myanmar – TIME
Posted: at 3:04 am
In this image made from video released by the Democratic Voice of Burma, Lawi Weng, Aye Nai and Pyi Phone Aung leave the court in Hsipaw, Shan state, Myanmar, on July 18, 2017.Democratic Voice of Burma/AP
(YANGON, Myanmar) In the old, military-ruled Myanmar, it would not have been a surprising scene: three journalists, bound together in chains, raising shackled hands in unison and speaking out against their repressive government.
But this moment, captured on video by a local news organization, the Democratic Voice of Burma, was not from another era. It was recorded Tuesday, and it underscores how little has changed in the Southeast Asian country since the party led by Nobel Peace Prize laureate and longtime opposition leader Aung San Suu Kyi won elections a year and a half ago.
"Just look at these chains. This is what we get for being journalists," said Lawi Weng, one of three reporters detained by the military on June 26 for covering a drug-burning ceremony organized by an ethnic rebel group in the northeast.
"How can we say this is democracy?" Weng asked before entering a police van headed back to jail after a brief court hearing in Shan state's Hsipaw township.
The reporters each face three years in prison for violating the nation's Unlawful Associations Act, which was designed to punish people who associate with or assist "illegal" groups in this case, the Ta'ang National Liberation Army, one of more than a dozen small rebel armies that control patches of territory in the north and east. The rebels burned a cache of narcotics to mark the United Nations' International Day Against Drug Abuse.
Members of various rebel groups, along with their sympathizers and some aid workers, have been prosecuted under the Unlawful Associations Act. But rarely, if ever, have journalists many of whom travel regularly to zones controlled by the Ta'ang and other insurgent groups.
Read More: The Arrest of Three Journalists Shows a Disturbing Lack of Press Freedom in Democratic Myanmar
It's unclear why these journalists were singled out. Suu Kyi's government, which is struggling to broker a nationwide cease-fire with the country's rebel armies, simply says they broke the law and should have informed security forces before visiting a conflict zone.
The arrests, combined with the prosecution of critics who have spoken out against the nation's military and civilian authorities, have surprised many who thought Suu Kyi's rise would herald a new era of freedom of expression.
Suu Kyi spent nearly 15 years under house arrest during the nation's long era of military rule, and she was praised worldwide for leading the struggle for democracy. Although her administration is officially in charge, the military still wields most power.
Shawn Crispin, Southeast Asia representative of the Committee to Protect Journalists, said Suu Kyi's administration continues to use "antiquated laws to threaten and imprison journalists."
"Reporters are still being targeted for reprisals and imprisoned for their reporting," Crispin said. "Frankly, that's not what we thought an Aung San Suu Kyi-led government would condone or promote. It's been massively disappointing."
The New York-based press freedom group, which has called for the reporters to be released, had hoped the administration would "prioritize amending or scrapping these draconian provisions," Crispin said. "To our dismay, they've chosen to use them to suppress criticism instead."
Since Suu Kyi's party swept elections in November 2015, at least 67 lawsuits have been filed under the controversial Telecommunications Law, which had been employed by the former military governments to punish dissent and prosecute those who took part in the pro-democracy struggle.
Read More: Aung San Suu Kyi Struggles to Unite a Fractured Myanmar
The law targets anyone "extorting, coercing, restraining, wrongfully defaming, disturbing, causing undue influence or threatening to any person."
At least a dozen people have been charged so far, according to the Telecom-Law Research Team, an independent research group. Several suits have involved alleged insults against Suu Kyi, among them a woman now serving a six-month jail term for criticizing her on social media.
In addition to Lawi Weng, who works for the Irrawaddy media outlet, the two other journalists detained after crossing into rebel territory in Shan state are Aye Nai and Pyae Bone Naing, both from the Democratic Voice of Burma.
Their court appearances have repeatedly been changed without notice, fueling speculation authorities want to minimize media coverage.
Charles Santiago, a Malaysian lawmaker who chairs the ASEAN Parliamentarians for Human Rights, said that "covering developments in conflict areas is already dangerous work."
"Journalists shouldn't have to add to their list of worries the possibility that the military might imprison them based on a century-old law that clearly wasn't intended to apply to them and should have been repealed altogether long ago," he said.
Speaking after their court appearance Tuesday, journalist Aye Nai said Democratic Voice of Burma reporters had traveled repeatedly to other rebel zones controlled by insurgent groups like the Kachin, the Karen and other minorities fighting for greater autonomy.
They had not been charged before, and should not be now, he said.
The government has reached provisional cease-fires with many of the rebel groups. The Ta'ang are among several still fighting, however, along with allies Kachin Independence Army and the Shan State Army-South.
"The government that was elected by the people should ... amend these laws," Aye Nai said. And even though they have detained us, "the belief we have in media will never fade away. We (will) do our job."
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Freedom to adopt – Opinion – Jerusalem Post – The Jerusalem Post mobile website
Posted: at 3:04 am
A rainbow coloured placard in the colors of the LGBT flag [Illustrative]. (photo credit:REUTERS)
LGBT activists plan to demonstrate Thursday against a recent government statement describing LGBT relationships as unusual and deeming LGBT people unsuitable to adopt children. We are against the states discriminatory position. They should be allowed to adopt as is any other couple.
The LGBT community was rightly incensed at this challenge to the equality of rights in our modern society. After we were exposed to another narrow-minded and low government act, the Israeli LGBT association declared in a public statement, we choose not to remain silent.
This is timely, for the accusatory statement was contained in a report submitted in preparation for a High Court hearing of a petition submitted by the Association of Israeli Gay Fathers and the Israel Religious Action Center of the Reform Movement.
The petition aims to secure the rights of same-sex couples to adopt children in an entirely equal way as the customary practice, where both parents are full guardians of the child.
Present illogical regulations recognize only one person as the legal guardian of the child, and not the gay couple.
This petition for equal rights comes against the background of mounting attacks on Jewish LGBT activists abroad for the crime of Zionism. The clear and undeniable nexus of anti-Zionism and antisemitism means that Israels treatment of its own gay community is another target that must be defended by the state.
Israel cannot ignore the insulting fact that three Jewish participants in Chicagos recent Dyke March who were carrying rainbow flags emblazoned with the Star of David were expelled from the event, because they were supporters of Israel.
LGBT activism teaches all of us, gay or not, the importance of inclusiveness. An egregious example of this is occurring in Britain, where a Jewish school risks closure for refusing to teach LGBT issues.
According to an Ofsted (the Office for Standards in Education, Childrens Services and Skills) report, the school contravenes the Equality Act 2010, which makes it mandatory for British schools to educate on a range of protracted characteristics, including age, disability, race, sex and sexual orientation. This means that pupils have a limited understanding of the different lifestyles and partnerships that individuals may choose in present-day society.
LGBT Jews abroad say its increasingly difficult to be pro-Israel. According to Idit Klein, executive director of Keshet, an LGBT Jewish organization, the tensions over Israel in the broader LGBT community also exist within the LGBT Jewish community. Conversations over Israel have become increasingly touchy, because people have overlapping identities.
Theres an extra layer of identification as a group that experiences injustice, so that adds a layer of intensity, the Keshet leader said. It makes it a struggle to enable people to be in one space together. I havent figured it out and nor has anyone else.
Except, perhaps, in Israel, where more than 200,000 people packed Tel Avivs streets for this years annual LGBT Pride Parade, making it the largest-ever pride parade in the Middle East and Asia, according to the Tel Aviv-Jaffa Municipality.
The Tel Aviv event included an impromptu protest by gay activists. We are not protesting the gay pride parade, we are participating in the parade as protesters, said Noa Bassel, an organizer with Pinkwashing Israel. What we are protesting against is the PR that Israel carries out using the gay community, and we claim abuse and that [Israel is] not giving us our rights and is portraying itself as liberal and democratic when it essentially is not.
Discrimination will continue as long as there are homophobic politicians. A case in point is Bayit Yehudi MK Moti Yogev, who tweeted that a Jewish family is a father and mother who naturally bring life into the world.
This understandably sparked the outrage of LGBT rights activists and accusations of homophobia from Zionist Union MK Omer Bar-Lev.
One politician who should champion this years upcoming Jerusalem Pride Parade as a teaching moment is Mayor Nir Barkat, who should reconsider his announced decision not to participate. Israels capital should be led from above by its mayor, not from below by a minority of the city council. He should lead the march on the second yahrzeit of the murder of 16-year-old Shira Banki by a religious fanatic at the 2015 parade.
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Freedom and community revisited – Rutland Herald
Posted: at 3:04 am
Over the holiday weekend, rummaging through old file boxes in the barn, I came across a folder of my five-minute commentaries aired on WDEV radio 30 years ago. The final one in 1988, entitled Vermonts Future, got my attention. So here it is, slightly updated:
L ast years debate on school centralization and this years battle over growth control have brought to center stage the question: What kind of future can we expect for Vermont? Two very different pictures have emerged. One is Vermont as land of freedom. The other is Vermont as land of community. These twin themes, freedom and community, have swirled back and forth throughout Vermont history, and indeed, through American history.
The land of freedom is the land of individual rights. It is the land of private property ownership, a competitive economic system and the opportunity to grow and become. In the land of freedom, independent citizens, their property and their rights secured by a limited government, will be happy, productive and compassionate toward the less fortunate. They will come together, not as subjects, but as free and independent citizens, to meet great crises and govern themselves.
The land of community is the land of working together, of shared values, of cooperation. It is the land of we, as in we dont want Vermont to turn into New Jersey. In the land of community citizens are expected to yield to the will of the majority rather than pursue their personal interests and private rights.
The land of freedom can be any scale, but the land of community has definite limits. For some purposes all of Vermont is a community. We were a community when as one we spoke out for halting the spread of slavery and sent our soldiers to save the Union. We were a community with all Americans when the Japanese bombed Pearl Harbor.
But in most things we do, Vermont is not a true statewide community, a fact long recognized in the old Mountain Rule, which alternated the governorship between the east and west sides of the Green Mountains. Bennington and Newport have very little in common, in any practical sense. The real battle for the soul of Vermont is over the extent to which the people in control of state government will force their idea of community on people who rarely have much in common.
The backers of the land of community idea seem always eager to homogenize our society. They want to equalize, standardize and unify what they conceive to be the various diverse parts of a statewide community. In doing so, they give short shrift to the advocates of freedom, for they see freedom and individual rights as bothersome obstructions to their goal of creating a land of community in all things, regulated and enforced by the central power in Montpelier.
It is the land of community people who think up school regionalization schemes, so that all communities will be efficiently managed from Montpelier to produce the same thing for all of our children.
It is the land of community people who want growth managed from the center, for the benefit of everybody. It is the land of community people who deplore the private ownership of property, for they are convinced that with freedom and property, individuals will undermine their vision of the common good.
To the land of freedom people, individual liberty comes first. They believe that only independent men and women can govern themselves in a republic, and they believe that centralized control over the things that are locally different signals the beginning of a tyranny which aims to strip them of their rights. Thus they want to keep control of their childrens schools, and they oppose every attempt to strip them of their rights in land and, for that matter, their right to own guns.
The freedom advocates are today on the defensive, as the centralizers and standardizers and controllers have the upper hand in our state government. But the time may come when the pendulum swings back and I for one hope it does.
My signoff for that 1988 commentary was: This will be my last broadcast with you, for today I am becoming a candidate for the state Senate. Ive enjoyed doing these shows, and I hope you have enjoyed listening or if you have hated every minute of them, I hope Ive at least made you think.
John McClaughry is vice president of the Ethan Allen Institute (www.ethanallen.org).
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City of Ghosts review astonishing look at Syrian freedom fighters – The Guardian
Posted: at 3:04 am
An image from the documentary City of Ghosts. Photograph: Dogwoof
Matthew Heinemans documentary is about a remarkably courageous group in Raqqa, Syria, who have formed something between a digital citizen journalist collective and a resistance cell. When Islamic State moved into the city after the anti-Assad insurgency and established a brutal reign, these people took out their smartphones and formed an activist group called Raqqa is Being Slaughtered Silently. They uploadedtheir videos to YouTube and social media, and showed the world the violence and sheer psychopathic spiteof Isis. This film showed me horrible images Ive neverseen before, having been squeamish about searching them out online: beheadings, executions, mockcrucifixions and Nazi-style placard shaming. RBSS, as they are known, took on Isis in the digital media war, matching the jihadis increasingly sophisticated propagandavideos with material of their own. Some of their most devastating images concern Isiss ruthless recruitment of children.As RBSS put it: Children are Isiss firewood. Now most people in the group have taken refuge in Germany, where they live in fear of being assassinated. Their fight goes on. This is a powerful testament to a new kind ofcitizens digitaljournalism.
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"Humans of Freedom Fest": Portraits from the Largest Annual Gathering of Libertarians – Reason (blog)
Posted: at 3:04 am
Editor's note: FreedomFest, held every July in Las Vegas, is the largest annual gathering of libertarians in the country. Today is the first day of the four-day long conference, which is being headlined in its 10th year by William Shatner, John Stossel, Greg Gutfeld, and others. Taking inspiration from the site Humans of New York, Reason is happy to offer Humans of FreedomFest, a series of portraits and brief interviews with various attendees. This is the first installment.
Sarah Rose Siskind, Reason
"This hand and this tattoo is in more pictures with celebrities than anybody else's hand or tattoo. I've got the most famous GOP tattoo."
Are you the black sheep of the family?
"Oh yeah. My dad was a Marine and a Democrat. And he was one of those guys who voted because of my mom, so his vote wouldn't be canceled out. I've been a conservative and a hippie for most of my life."
Sarah Siskind, Reason
"My dad couldn't make it to this year's [FreedomFest], so I came with [my cousin's Jaden's] family. I earned my money so I could come."Roy Lee (above, right)
You earned your money so you could come?
"I work. I do a little bit of flooring. Construction. I'm helping pay for gas. Paying for food."
"Our parents teach us to be individuals."Jaden
Sarah Rose Siskind, Reason
What is your most controversial opinion?
"Among the general public? Eliminating the Federal Reserve. Among libertarians? I'm not a huge open-borders guy. There's a joke that if you get five libertarians in a room, you'll get 10 opinions."
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Nasdaq and S&P 500 Reach Record Highs Thanks to Technology Stocks – Fortune
Posted: at 3:03 am
Nasdaq signage is seen in New York City, USA. on Oct. 17, 2015 The NASDAQ Stock Market, is an American stock exchange. It is the second-largest exchange in the world by market capitalization. (Photo by Roberto Machado Noa/LightRocket via Getty Images)Roberto Machado Noa LightRocket via Getty Images
A broad barometer of global stock s posted a ninth straight session of gains on Wednesday as earnings season in the United States and Europe heated up, while the dollar clawed back from 10-month lows and oil prices jumped.
The S&P 500 and Nasdaq marked record highs in the United States, picking up from strong performances by major European stock indexes, with the tech sector giving a boost in both regions.
MSCI's world stock s index marked its longest winning streak since October 2015. The global index gained 0.46 percent, setting a record high for a fifth straight session.
In the U.S., the earnings season seems to be surprising a little bit on the upside," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland.
"What we have seen recently in the economic reports suggests it should be even better overseas ... So we have come to the point where things looks pretty good in the U.S. and it looks even better in prospect overseas, so whats not to like about equities."
The Dow Jones Industrial Average rose 66.02 points, or 0.31 percent, to 21,640.75, the S&P 500 gained 13.22 points, or 0.54 percent, to 2,473.83 and the Nasdaq Composite added 40.74 points, or 0.64 percent, to 6,385.04.
Morgan Stanley shares climbed 3.3 pct after the bank's profit report.
Biotech Vertex soared 20.9 pct after stunning cystic fibrosis drug data.
Not all was rosy in earnings season, as IBM shares dropped 4.2 pct after its report, holding back the Dow's gains.
About a week into the heart of second-quarter reporting season, S&P 500 earnings are now expected to rise 8.7 percent, up from an expectation of an 8-percent rise from the start of July, according to Thomson Reuters I/B/E/S.
"Coming off a first quarter which was the strongest in terms of corporate earnings growth since 2011, this market needs to see a continuation of that trend to support these valuations," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. "And I think, so far so good."
In Europe, the pan-European FTSEurofirst 300 index rose 0.71 percent. Dutch semiconductor equipment maker ASML's shares gained 5.8 pct after the firm's quarterly report, lifting the region's tech sector to its biggest daily percentage gain since September.
The dollar edged higher against a basket of currencies a day after the greenback's sharp decline was sparked by a fresh setback to President Donald Trump's domestic agenda.
The dollar index rose 0.21 percent, with the euro down 0.33 percent to $1.1514.
But the greenback hit a more than three-week low against the yen as traders awaited meetings of the European Central Bank and the Bank of Japan (BoJ). Market watchers will be looking to see if the recent strength of the euro and the yen influence their policy outlooks.
"FX investors had a very substantial long dollar/yen position," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York. "I think theyre just squaring up ahead of the BoJ," he said.
U.S. Treasury yields were little changed on light trading volume with benchmark yields hitting their lowest levels in nearly three weeks in advance of Thursday's ECB meeting.
Benchmark 10-year notes last fell 2/32 in price to yield 2.2678 percent, from 2.263 percent late on Tuesday.
Oil prices jumped after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stock s along with a surprise drop in distillate inventories.
U.S. crude rose 1.51 percent to $47.10 per barrel and Brent was last at $49.69, up 1.74 percent on the day. The New York Stock Exchange is seen on Wall Street on May 1, 2012 in New York City.
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The Next Sexual Revolution Is Going to be All About Technology – Futurism
Posted: at 3:03 am
Disclaimer: Futurism only supports products that we trust and use. This post is in partnership with Abundance 360, and Futurism may get a small percentage of sales. Want to take a class with Peter Diamandis? Click here to learn more!
Sex is one of the most powerful, fundamental human drives. Its caused wars, and built and destroyed kingdoms. It occupies a significant percentage of most peoples thoughts. As such, its worth a conversation about how exponential technologies will change our relationship with sex.
Dating in past generations was local and linear. You had access to a small number of potential mates based on where you lived, where you went to school and your social status. In the 1960s, over 50% of marriages globally, and 95% of marriages in India, were arranged. Today that number has dropped to less than 15% (globally). In 1960, the median age at first marriage for the bride was 20 and the groom was 23 years old. Today, the median age is closer to 29 for women and 30 for men. A cultural shift is happening, and its changing the game. Dating has gone digital. As such, it has gone from local and linear to global and exponential. Today, 40 million Americans use online dating services (thats about 40% of the single population in the U.S.), driving the creation of a $2.4 billion online dating industry.
These services transcend geography and social strata. People are matched from around the world. Between 1995 and 2005, there was exponential growth among heterosexual couples meeting online. (See the green line in the chart below.)
For same-sex couples, the online dating trend has been even more dramatic, with more than 60% of same-sex couples meeting online in 2008 and 2009 (see the green line in the chart above).
The implications of this are staggering. Besides moving the marriage age back, there are a number of sociological effects such as decision fatigue, gamification of dating, and the commoditization of people that will start to have population-level effects as mating behaviors change. And this is just the beginning.
In the very near future, we will see machine learning / artificial intelligence-based matchmakers that will find the perfect match for you based upon everything from your genomics to your psychographics. Once youre on a date, your augmented reality glasses will give you real-time dating info, calling up any info you want to know, as you need to know it. Perhaps you want to understand how she/he is feeling about you, and your AR camera is watching her pupillary dilation and capillary flushing. Like all technology, these applications are double-edged swords. My hope is that this tech actually increases the number of successful, meaningful relationships in the world and, in turn, has a net positive impact. But while dating is one side of the coin, sex is another and the implications of exponential technology on sex can be shocking.
Today, sex has been digitized; as such, it has been dematerialized, demonetized and democratized. Sex, in the form of pornography, is free, available to anyone with an internet connection and pervasive across many platforms. In 2015, just one pornography website reported that their users watched over 4.3 billion hours of porn (87 billion videos) that year. The proliferation of internet connectivity, online video players and streaming, mobile phones, and advertisement delivery networks have propelled pornography into a $97 billion industry. This is causing a number of negative social phenomena. More than half of boys and nearly a third of girls see their first pornographic images before they turn 13. In a survey of hundreds of college students, 93% of boys and 62% of girls said they were exposed to pornography before they turned 18. Pornography is influencing everything from how teens language and frame sexuality to how and why they pierce certain body parts to what they expect to give and receive in intimate relationships, says Jill Manning, Ph.D, Witherspoon Institute.
In Japan, a growing population of men report that they *prefer* having virtual girlfriends over real ones (i.e. they believe they are dating virtual avatars that they largely control). 45%of Japanese single women, and 25 %of Japanese single men aged 16 to 24 claim they arent even interested in sexual contact. Given these trends, unless something happens to boost Japans birth rate, its population will shrink by a third between now and 2060. In other words, there is serious concern of significant UNDERpopulation. But again, this is only the beginning as virtual reality (VR) becomes more widespread, one major application will inevitably be VR porn. It will be much more intense, vivid, and addictive and as AI comes online, I believe there will be a proliferation in AI-powered avatar and robotic relationships, similar to those characters depicted in the movies Her and Ex Machina.
VR porn promises to offer a virtual world filled with more sex, better sex, endless sex, and new varieties of sex. The dark secret, however, is that the further a user goes into that fantasy world, the more likely their reality is to become just the opposite. Many psychologists believe that VR porn may numb us to sexual desire and pleasure in the real world, leading to less and less satisfying sex. For many, VR (as well as other exponential technologies such as robotics, sensors and A.I.) will act as a complete replacement for intimacy and human relationships, as it is more easily accessible, cheaper, on-demand, and, well, controllable. As the father of two five-year-old boys, this is really concerning to me. That said, are there upsides too? Perhaps a bit of intimacy (if even technological) for those who are infirmed, aged, crippled and thereby alone. We shall see. One thing is for sure: as with every technology in history, from the printing press to VHS and the internet, pornography will be on the front line funding the advance of technology.
This is the sort of conversation we explore in my digital communitycalled Abundance 360. The program is highly selective. If youd like to be considered, apply here.
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