Monthly Archives: July 2021

Betixon to provide online casino games in Greek gaming market with Novibet – The Indian Wire

Posted: July 10, 2021 at 3:31 am

Games provider Betixon is set to make its debut in Greeces newly regulated online gaming market.

This will be done in partnership with Novibet, which will have access to Betixons full portfolio of casino games and make it available the same for Greek customers.

As per Gambling Insider, Lior Cohen, Co-founder and CTO of Betixon said: This is a major milestone for us. Were thrilled to be able to provide our games to the Greek market and its great that we can do it with Novibet, one of the leading operators.

We want to be among the first to enter new markets as they regulate, and we think Greece is an exciting prospect with plenty of growth potential.

Dimitris Argyriou, Business Development Manager at Novibet, stated: Betixon are doing some of the most imaginative things in the gaming arena right now and their games achieve the high level of quality and engagement we want for our Greek customers.

At Novibet we stay focused on providing the most personalised gaming experience to our members, which starts with offering them the most appealing content. I strongly believe that we will achieve great things together in this exciting market.

It would be the first opportunity for the mobile gaming company, Betixon, to operate in the Greek market and endeavor to expand its global presence.

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Duterte Changes Stance on Gambling Due to COVID-19 Impact on The Philippines – GamblingNews.com

Posted: at 3:31 am

Once a fierce opponent of gambling activities, Philippine president Rodrigo Duterte has changed his position to urge wagering in order to attract funds after the devastating impact of the pandemic.

Philippine President Rodrigo Duterte has softened his tone with regards to gambling in the country due to the negative impact of the COVID-19 pandemic. During a meeting with political party officials on Wednesday, he said gambling should be encouraged within the country as a source of funds to address the health crisis and recover the money lost due to the pandemic.

A transcript released by Dutertes office on Wednesday reads:

Go ahead and gamble. Now that we need money, the most sensible thing is really just to encourage those activities.

Duterte acknowledged that although his stance might sound controversial to some people, the change was necessary in order to secure funds for the country. Duterte said that the available reserves were used to contain the virus from rampaging throughout the country.

Duterte had previously pronounced himself harshly against gambling activities and even overturned new casino developments in Boracay and Manila. In 2016, he targeted online gambling operations and ordered regulators to revoke all licenses saying that the funds would go for health services for the poor.

In 2017, Duterte described gambling as a threat to society that breeds corruption, and mobilized the police and the National Bureau of Investigation against the illegal activities. The operation came after allegations that Chinese junket tycoon Jack Lam tried to bribe Philippine officials to allow him to operate an illegal online casino. The order also banned online gaming operators from serving customers outside the territorial jurisdiction of the licensing authority, according to the order.

Last month, the Philippine President urged lawmakers to pass a bill that would require POGOs to pay 5% on gross gaming revenue and would increase the income tax for employees to 25%.

In 2018, Duterte canceled the famous US$500-million casino project by Macaus Galaxy Entertainment Group in partnership with Leisure and Resorts World Corp in Boracay. In the same year, Duterte suspended a 50-year land lease deal for the development of a US$1.5-billion integrated resort in Manilas Entertainment City.

Recently, however, the country has become more welcoming to domestic online gambling. Earlier this year, the Philippine Amusement and Gaming Corporation (PAGCOR) gave the green light to Tiger Resort, Leisure and Entertainment to enter the online gaming market.

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Most Profitable Online Business Ideas to Make Money in 2021 – The Press Stories

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2020 was a tough year for everyone, and the aftermath spilled over to 2021, but we are all regaining our footing. The past year has been a catalyst that sparked many people to rage quit their jobs and to evaluate what they want in life.With many businesses closing their doors last year and other people suffering from losing their jobs, many people have turned to more unconventional but possibly much more profitable ventures. We are here today to help you find the most suitable route to pursue an online business. Read on to discover some of the most profitable online business ideas out there.

Lockdowns happened in many countries around the world, leaving people with nothing to do all day but to watch Netflix and chill and scroll through their phones. This is why the gambling industry has seen a boom over the past year. There is no better time to consider starting an online casino business, especially since the gambling age in Sweden is quite low compared to other countries. Online gambling in casinos such as bsta online casino is open to all people over 18 years of age. For those looking to step into land-based casinos, the age starts at 20. Gambling is a fun pastime for players, but it can be a very lucrative business in 2021. Just ask our online casino expert Amy Martinsson. You can read more about her extensive knowledge here.

Blogging or running your own website can be a very expensive venture or a very affordable one, depending on what resources you choose to enlist. Simply using a free version of Wix and creating your own informative platform for your niche is easy. You can also insert and integrate more complicated technologies such as funnel builders and blockchain applications. Once you have traffic, you can consider becoming an affiliate marketer. An affiliate marketer partners up with an e-commerce retailer such as Amazon and makes a percentage off of the sales they funnel to the site via affiliate links. This is a great way to make money without shelling out much out of your own pocket because there is no need to invest in inventory or deal with the shipping and handling.

You dont have to work for an online e-commerce giant such as Amazon when you can try your hand at opening your own store. There are plenty of online platforms that give people a fair start to opening their own shop. Etsy and Shopify are two famous sites that come to mind. Etsy is geared towards handmade items, while Shopify focuses on dropshipping and much more intricate functions. You can also try it the hard way by creating your own website, your own products, and trying to gain an online presence from the ground up. Whatever you choose to do will take time, but consistency, patience, and unwavering determination are the keys to success.

If your background is in business, then you can extend your skills to help entrepreneurs. To be successful in this area, you need to focus on what you excel in and stay in your niche. It would be helpful if you had some credentials, and after a few successful cases and happy clients, you can add these triumphs onto your resume. Once you have acquired a significant amount of happy clients and 5-star reviews, you could even think about opening your own business consulting firm.

Another fun idea that can be very profitable is to create your own YouTube channel or Podcast. There are also numerous platforms and applications that allow you to gain exposure online such as Spotify for podcasts, but remember that you are going head-to-head with thousands upon thousands of other channels. One of the most important factors to success in this business is to identify your niche and be different from all the rest. It could take time to find your unique trait, but again, patience, consistency, and determination will go a long way.

In todays digitally-focused world, adapting to the online economy is an excellent way to succeed. Try our profitable online business ideas above and maximize your potential.

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Galaxy Gaming Delivers First Terrestrial Perfect Pairs Progressive with Aspers Casino in the United Kingdom – Yahoo Finance

Posted: at 3:31 am

LAS VEGAS, July 09, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the worlds largest independent developer and distributor of casino table games and technology, announced that they have installed the first Perfect Pairs live gaming dual progressive jackpots across 11 tables with Aspers Westfield, Stratford. Galaxy Gaming delivered this new progressive as part of their partnership agreement with John Wicks, creator of Perfect Pairs, to exclusively provide a Perfect Pairs live gaming progressive jackpot on land-based table games in the United Kingdom.

When asked about the project, Gavin Wright, Galaxy Gamings Europe Sales Consultant commented, Aspers have seen the value that a Perfect Pairs Progressive can bring to their casino floor, together with the initiative to go all-in with a dual jackpot offering. This new and exciting product adds to the player experience and builds on the value of the Perfect Pairs brand that Galaxy has first-hand knowledge and understanding of through its partnership with John Wicks in the iGaming space. Gavin added As a result of Galaxys omnichannel expertise, we hold a wealth of experience when it comes to game and paytable design. Galaxy Gaming delivers solutions that work for both the casino and player.

Steve Bailey, General Manager at Aspers Casino, Westfield Stratford City, London shared We are excited to work together with both Galaxy Gaming and their new partnership with John Wicks to introduce the first Perfect Pairs progressive in a land-based UK casino. Having always offered the Perfect Pairs side bet since the opening of our Stratford casino in December 2011 and working with Galaxy Gaming over the years with various other games and side bets, I feel this is a really exciting time to bring together such a popular side bet in a progressive format and look forward to adding this unique offering for our guests.

About Galaxy Gaming

Headquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative games, bonusing systems, and technology solutions to physical and online casinos worldwide. Galaxy Gaming offers games that are proven to perform developed by gaming experts and backed by the highest level of customer support. Through its subsidiary, Progressive Games Partners, Galaxy Gaming is the worlds leading licensor of proprietary table games to the online gaming industry. Connect with Galaxy Gaming on Facebook, YouTube, Instagram, and Twitter.

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Media:Phylicia Middleton (702) 936-5216Investors: Harry Hagerty (702) 938-1753

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Rutgers To Partner With Playtech, Kindbridge On Problem Gambling Research – NJ Online Gambling

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What are the origins of problem gambling, and what treatments are most effective in helping those who come forward to try to break the cycle?

Those are questions that many leading figures in the field of compulsive gambling say have not been the subject of nearly enough research. But now Playtech, known as the worlds leading gambling technology company, has announced it has provided a grant to fund the launch of a research study with the Kindbridge Research Institute to create a teletherapy model for gambling and gaming disorders.

Kindbridge officials say they have commissioned the Center for Gambling Studies at Rutgers University to build the telehealth model independently, so that data produced through the treatment system can be used for peer-reviewed research and to provide data sets on a size and scale never before achieved when analyzing this population.

Casino operators, nonprofit groups, the U.S. Department of Health and Human Services, and state regulators across the country are invited to participate in the program, which seeks to gather a detailed picture of the player journey from the origin of the problematic gambling or gaming behavior, through to what has the greatest impact on outcomes for those seeking help.

The time frame for providing this level of insight is expected to be 18 to 24 months.

The centralized approach that we are taking to offering telehealth services to the gambling community is giving us an inside look at the demographic of individuals and family members that suffer from gambling problems on a scale that should allow data scientists, academics and researchers to gain more insight than ever before, Kindbridge CEO Daniel Umfleet said in a statement.

Mor Weizer, Playtech CEO, said the goal is to help Kindbridge pioneer the next generation of gambling treatment, services and support in the U.S.

Video-game gambling addiction is among the topics for research, said Lia Nower, a professor and director of the Center for Gambling Studies at Rutgers.

Kindbridge is the first treatment agency in the U.S. that is exclusively focused in these areas, and delivering treatment we can test for effectiveness fills an unmet need in this time of rapid expansion [of legal gambling], Nower added.

Playtech Academys team will help Kindbridge therapists digitize its content as part of the new partnership.

Last month, Kindbridge announced a partnership with HIPnation, described as an innovative healthcare solution that removes insurance, its restrictions, and complexities from primary care.

That collaboration is designed to give HIPnation customers in Georgia, Florida, and Texas access to specialist gambling and gaming teletherapy through their existing primary care plans for a small increase in monthly premiums. It is said to be the first healthcare package to include gambling and video-gaming counseling in addition to more common mental health issues, such as stress, anxiety, and depression.

In May, Kindbridge launched a series of educational videos in conjunction with Entain Foundation and Game Quitters as part of a Mind Your Game initiative to help eSports players identify when they become at-risk players and how to manage away from those dangers.

Imagine a world where a player or loved one can quickly find specialist advice and support for problematic gaming or gambling, said Game Quitters Founder Cam Adair. Thats the world I imagine, and thats the world Im excited to help build in collaboration with Kindbridge and Entain Foundation US.

And earlier this year, Kindbridge and Entain teamed up on another project, along with the National Association of Administrators of Disordered Gambling Services and EPIC Risk Management, to conduct what is expected to be the largest problem gambling analysis since 2016.

Image: Shutterstock

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California and Florida battle for the soul of a nation – New York Post

Posted: at 3:30 am

Thanks to the blessings of decentralization, life can vary greatly in America depending on where you sit. Those differences are growing into a chasm of philosophical and practical contrasts between two basic models for the American future. Call them the California way and the Florida way.

On many critical questions facing our culture, our economy and our society, California and Florida offer radically different answers.

Should lots of new housing be built in the interest of affordability? California says no, Florida says yes. Should homeless people be allowed to turn public spaces into tent cities? California says yes, Florida says no. Should public elementary schools teach critical race theory? California says yes, Florida says no. Should gas be $4 a gallon? California says yes, Florida says no. Should biological males be allowed to dominate girls sports? Florida says no. California not only says yes, but it is trolling Florida by forbidding its employees to take state-funded trips to Florida, as well as 16 other states.

California fancies itself imposing its cultural values on other states and tackling global warming independently; Florida has a more modest view of what a state government does. People are voting on all of this with their U-Hauls. Californias population in 2020 shrank for the first time ever, by 180,000 people, whereas Florida had the second-highest increase in population, after Texas.

During the pandemic, California introduced some of the harshest lockdown measures in the country, crashing its economy, while Florida was among the first states to begin reopening, way back in May 2020, and has been almost entirely open since September. Disney World reopened in July 2020; Disneyland reopened at the end of April 2021. One survey found that Florida had the second-fewest coronavirus restrictions; California ranked 45th by the same measure.

Though Florida has the second-highest percentage of old people of any state, the death tolls look like they will come out about even. Florida stands 26th in COVID-19 fatalities (1,769 deaths per million) while California is 34th (1,614). Yet Californias economy is still suffering, its unemployment rate standing at 7.9 percent in May, the most recent survey. Florida hasnt seen such a high jobless rate since last August; its unemployment has stood below 5 percent throughout 2021.

Whether lockdowns are effective remains an open question, but there is no question that they bring economic calamity.

As for the psychological and emotional effects of locking children out of schools, we may never be able to measure the harm California did to its youngest citizens. The data firm Burbio, which has been tracking school reopenings, ranks California dead last on its index of in-person learning, with four out of five students learning remotely on average. Florida scored 95 percent in-person learning, third-best in the nation.

Relative to Florida Gov. Ron DeSantis (a Republican), California Gov. Gavin Newsom (a Democrat) seems to have gotten very little in exchange for this devastatingly high price. Widespread disgust with his leadership means he will be forced to present himself to voters in a recall election to be held on Sept. 14, although polling suggests he will probably hang on to the office to which he was elected in 2018 with a 62 percent majority.

Newsoms state has a horseshoe economy built to serve two classes of people: the rich and the poor. The middle-class sags, neglected, in the middle. Ordinary working families are all but being invited to go find another state.

Tightly restricted housing policies, high taxes and punishing, traffic-clogged commutes make California increasingly untenable for average earners as wealthy progressives buttress themselves behind high gates, go to work on glistening corporate campuses, and shrug at tax hikes, knowing their property values will continue to zoom upward because its so hard to get anything built.

On the other end of the income scale, a chilling phrase has entered common usage in the Golden State: sanctioned encampments. California has a colossal problem in homelessness, and it is determined to take steps to make it worse. Sanctioned encampments is a euphemism for taxpayer-funded Skid Rows, and Democrats who run California think theyre a great idea. California is mocking its middle class by simply removing grassy lawns, sidewalks and other public spaces that ought to be usable by the middle class and giving them to its underclass. (Great news, though: Some areas of the camps are socially distanced. So, no worries about diseases spreading through these places.)

Democratic Party activists and progressives keep pushing the state and its cities to be ever more indulgent toward the homeless.

Tent cities have popped up in both Northern and Southern California, public defecation is the norm in some areas and the progressive mindset says: Put out the welcome mat. Do so, and people will arrive on your doorstep: Despite having only 12 percent of Americans population, California has one-quarter of the countrys homeless. The more hospitable it becomes to hobos, the more of them it will attract.

In Los Angeles, the city is spending such a mind-boggling amount of money on tents $2,700 each, per month, or more than the average one-bedroom apartment costs to make the homeless comfy that even NPR was taken aback.

Nonprofit agencies calling themselves advocates for the homeless are the middlemen lining their pockets in this boondoggle, seeking and getting lavish government contracts to take care of things like providing portable toilets. The San Jose City Council keeps pushing, reports KPIX in San Francisco, to formalize the hands-off approach to some encampments which meet certain criteria such as not being near a school, not blocking streets or sidewalks and not being in a waterway. The city would also include hygiene and supportive services. Its already doing some of that by paying unhoused people to pick up trash in their encampments, and by providing porta-potties and wash stations.

Near the San Jose Airport, in the largest city in Northern California, hundreds of homeless people are squatting on a nearly mile-long stretch of territory as local and state officials shrug; only the FAA is complaining.

Middle-class Californians scratch their heads, glance at gasoline prices that are more than a dollar above the national average, and think: Seriously? This is what my tax dollars go to? Paying homeless people to pick up their own garbage? Paying homeless advocates $2,700 a month to install a tent in a parking lot?

With all of this wasted public expenditure, its no surprise that California is second only to New York in the category of highest marginal income tax rate. In overall tax burden, it ranks 10th-highest in the nation, according to one survey that ranks Florida as the fifth-lowest. Floridas budget is $102 billion; Californias is $262 billion. (Californias population is less than double that of Florida, 40 million to 22 million.)

Each year, more bad decisions get made on where to direct Californias billions. The Defund the police movement led to a reduction of funding of $150 million for the Los Angeles police, while San Francisco lawmakers stripped $80 million from the cops budget while proposing to spend hundreds of millions of dollars to bolster the tent cities that look like social rust to everyone not trained in elite thinking.

The combined effects of a 2014 statewide referendum to reduce thefts valued at less than $950 to misdemeanors and a vow by San Franciscos leftist district attorney, Chesa Boudin, not to prosecute minor crimes is being taken as an engraved invitation by San Francisco shoplifters; the middle class suffers as favorite retailers such as Walgreens and Target say they are forced to close their doors.

Disorder has a way of feeding on itself. San Francisco has become the nations leader in property crime, and statewide murders were up 31 percent last year. (They were up 15 percent in Florida.)

Any visitor to Florida can tell you the state simply looks orderly. Florida municipalities use a variety of measures to discourage loitering on the streets, including arresting for trespassing, and it largely works: When was the last time you read about an epidemic of homelessness in Fort Lauderdale?

As a society, we shouldnt want people sleeping on the streets. If the police stop them from doing so, theyll either find someone to stay with or report to a shelter. It is an insult to the public for its government to simply ignore concerns about orderly streets out of fear that some advocacy group hoping for a fat payout will denounce its agents as mean for denying people the right to set up camp on the streets.

Maintaining basic order and the rule of law is the first duty of government; a healthy society depends on people feeling secure. Secure people are free to pursue their dreams.

Florida in 2020 feels reminiscent of California in the 1950s, writes Jacksonville resident Charles C.W. Cooke in National Review, calling it a place to which ordinary people are flocking in order to take advantage of the nice weather, good economy, open spaces and explosive construction.

California may be a dynamic and diverse state, but Florida is no slouch in either department, a place where youre equally likely to meet refugees from socialist Venezuela or socialist New York.

Florida is Americas freest state, according to a Cato Institute survey: No. 1 in fiscal freedom, No. 1 in educational freedom. Cato dubs California one of the least free states and flat-out dubs it the most cronyist state in the union, meaning government and its chosen allies work to milk the public purse for all they can.

Somehow Floridas lean government even manages to operate efficiently. British emigre Cooke writes that when I moved here from Connecticut, I walked in without an appointment and, within 18 minutes, I had two new license plates and two new drivers licenses, and my wife had registered to vote. This was typical.

Even the famous Florida Man news items of hilariously eccentric doings are a sign of healthy government: Due to sunshine laws, criminal proceedings and virtually everything else related to government are accessible on demand. Other states give us less to laugh at because they are less transparent.

A 2016 survey gave Florida a grade of A for providing online access to how it spends its taxpayer dollars; California got an F and was the worst-scoring state.

It wasnt long ago that America looked to California for guidance; even Ronald Reagan implicitly promised to spread the California way across the nation. Now California is a model only for dysfunction, and if Newsom attempts to follow Reagans path to the White House, hell be as much of a punchline as his predecessor, Jerry Brown, the man who first started to steer California on its present heartbreaking path.

No one from Florida has ever become president, nor has any Italian American. The success of DeSantis as governor of Americas model state suggests he could be the man to shatter both of those molds.

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The Back Mic: Democrat Calls for $5 Billion Property Tax Cut, Abbott Announces $55 Million War Chest, State Revenue Estimate Improves Fiscal Outlook -…

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Austin, TX, 21 hours ago Dont Miss The Back Mic

An exclusive look inside Texas politics and policy, every Friday.

Governor Greg Abbott included property tax relief on the list of special session items, but a Texas Democrat has called on him to be more specific about the charge.

Rep. Richard Pea Raymond (D-Laredo) called on Abbott to include a $5 billion property tax compression of school district Maintenance & Operations rates similar to what the legislature did in 2019 to the special session agenda.

I have asked Governor Abbott to allow the people of Texas to vote on a property tax cut this November. We can do this by using $5 billion from the Rainy Day Fund, Raymond said in a press release.

If it passes and I believe it would pass with overwhelming support it would still leave at least $6.5 billion in the Rainy Day Fund.

Texas school finance system functions like a seesaw: as the states share of the funding increases the local school districts share decreases, reducing rates at the local level. The tax compression last session injected $5.1 billion toward reducing local tax rates.

Raymonds proposal would take similar shape.

Abbotts campaign announced Thursday he has accumulated a $55 million war chest. This comes after a 10-day fundraising period during which the incumbent governor raised $18.7 million.

Our record-breaking fundraising period is a testament to the success of the 87th Legislative Session and paints a clear picture of what matters most to Texans: freedom, opportunity, and economic prosperity, Abbott said in a release.

These values embody the spirit of Texas, and these values are what our campaign fights for every single day. Thanks to the generosity of our supporters, we will continue to secure an even brighter future for the Lone Star State by keeping Texas red and ensuring our state remains the greatest state in the nation.

Abbott is facing a three-person primary challenge between former state Sen. Don Huffines, conservative humorist Chad Prather, and outgoing Texas GOP Chair Allen West.

The Texas governors fundraising rush is likely at least partially due to the endorsement of former President Donald Trump.

The July semiannual filing deadline passed on July 1, but the reports are not due until July 15. Once that passes, the financial situation of the GOP gubernatorial primary and the challengers proximity to Abbott will become more clear.

About a year after the dire projection of a $4.6 billion budget shortfall, the Texas Comptroller of Public Accounts now estimates a $5 billion surplus for the 2020-2021 fiscal year. He also projects about $8 billion more in available general revenue spending for the 2022-2023 biennium compared with his January estimate.

The legislature appropriated $116 billion in general revenue funds less than the $123 billion estimated by the comptroller this month.

The Texas economy rebounded strongly this spring as vaccination rates increased and the economy opened more fully, and we remain optimistic about growth in the near term as the states economy continues to return to pre-pandemic patterns, Comptroller Glenn Hegar, said in a letter to state leaders.

Hegar further projects an over $3 billion deposit into the State Highway and Economic Stabilization Funds over the next biennium the latter estimated to end the biennium with a balance of $12 billion.

Citing the global supply chain stress combined with increased demand for goods and the nations rehiring struggles, Hegar pumped the brakes on total fiscal optimism.

Until supply-side issues are resolved, economic output may remain below its potential, and rising costs could erode consumer purchasing power.

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Letter to the editor | Democrats will break it – TribDem.com

Posted: at 3:30 am

The Democrat/liberal motto is: If it aint broke, well break it!

Here is a list of broke: God, Jesus and any stance on Christianity; family unity; American patriotism, exceptionalism; education: public education; most colleges; preschool (in lieu of lowering taxes for mothers to stay at home with their children and teach them themselves); mostly all roads; Boy Scouts; Girl Scouts; elections; marriage; sexuality; civility; law and order; justice systems; legal institutions; civil service; the armed forces; truth; history; science; disciplining children with logical and natural consequences; work force; work ethic (brought to you by AFL-CIO); incentive to earn a living; entrepreneurialism; medical facilities; medical professions; taxation without representation; banking; fiscal responsibility; home ownership; liberty; communications: entertainment; mainstream media; movies; sitcoms; commercials; radio airwaves (NPR); newspapers (including The Tribune-Democrat); environmental (mis)management; fish and game sports; all sporting (except hockey, for now); Super Bowl; NFL; freedom of speech is equal to, lets just say, every Constitutional freedom outlined by our founders; sanity; respect for anything but themselves; race relations; wars on: poverty, drugs, terror, etc.; immigration; America; freedom; mental health; traveling; security; justice in general; accountability; fairness; self-sufficiency; presumptuous weather predictions; and, this just in: Olympics.

Just to name a few. Who wants to align with that debacle?

Politicizing everything and more, the left continues to divide America by way of the almighty American idol the television, technology and public education systems.

Paul told the Galatian church: I really wish that these people who weigh you down with corrupt counsel would mutilate themselves! Dittos from me.

Janet Lord

Jerome

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The Day That Richard Nixon Changed U.S. Economic Policy Forever – The New Republic

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Inflation continued to be a problem in 1971, with forecasts showing an acceleration into 1972, which presented a growing political problem for Nixon.

Inflation continued to be a problem in 1971, with forecasts showing an acceleration into 1972, which presented a growing political problem for Nixon. Although inflation was unpopular, so were actions such as higher interest rates to moderate it. Those on the left had a simple answer: wage and price controls. On July 20, 1971, Harvard economist John Kenneth Galbraith, who had helped administer wage and price controls during World War II, testified before the Joint Economic Committee that there was really no choice in the matter because there was no combination of monetary or fiscal policies that could curb inflation without sharply raising the unemployment rate. Continuing, Galbraith said:

There is only one way to have an effective economic policy. That is to leave the monetarists and fiscalists to continue their academic quarrel and recognize that adequate employment and reasonably stable prices can only be reconciled by coming to grips with the wage-price spiral. That requires controls. The first step in getting an effective economic policy must be a general freeze.

Ironically, Galbraith, who was widely known for being a supporter of Keynesian economics, added that Mr. Nixon has proclaimed himself a Keynesian at the moment in history when Keynes has become obsolete. Galbraith thought that big corporations could now charge monopoly prices, which negated Keynesian policies.

Nixons CEA chairman Paul W. McCracken was alarmed by Galbraiths testimony and penned an attack on it in a Washington Post op-ed article on July 28. Wage and price controls would seriously erode personal freedom, McCracken said, and quickly collapse unless the underlying monetary and fiscal sources of inflation were restricted. He was also dubious about the governments ability to administer an all-encompassing set of wage and price controls.

What really set in motion the actions of August 15 was a demand by Britain to exchange $3 billion of U.S. dollars it held from running a trade surplus for gold. Although American citizens were prohibited from owning gold, the Bretton Woods system permitted governments to do exactly what Britain wanted to do. The problem was that the U.S. had only about $10 billion of gold at that time and had no intention of giving such a large chunk of it to the British. Every other country holding dollars would have instantly demanded gold as well and there wasnt enough to go arounda classic run on the bank.

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What the French Revolution can tell us about the history of social rights – OpenGlobalRights

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Over the past four decades, it has become common to refer to social rights as second generation rights as recent additions to the civil and political rights bequeathed by the European Enlightenment. This generational theory emerged in the 1970s as a kind of shorthand for categorising rights but soon took on a life of its own. This is a shame because it obscures the deeper and more interesting history of social rights.

Like civil and political rights, social rights stretch back to the eighteenth century, and arguably, much further. Throughout the medieval and early modern eras, poverty was considered a legal condition entitling the poor to assistance. Ironically, it was during the age of the Enlightenment that social rights lost much of their legitimacy. Neither the English Bill of Rights of 1689, which grew out of the Glorious Revolution, nor the American Bill of Rights of 1791, promulgated after the American Revolution, acknowledged them.

The French Revolution stands out as an exception and a quite significant one. Social rights appeared in the Jacobin rights declaration of 1793, promulgated just as the Revolution was sliding into the Terror. But these rights had already been proposed in 1789, well before Jacobins and sans-culottes sprang into existence. Whats more, they were proposed by individuals who would be considered conservatives or free-market liberals today.

Take, for example, the rights proposed by Pierre-Samuel Dupont de Nemours a free-market theorist, ministerial advisor under Louis XVI and direct ancestor of the American Dupont dynasty, which would fund neoliberal think tanks in the mid-twentieth century. He declared that All men have the right to assistance from other men and that society had a sacred debt to provide jobs for those who could work and subsistence for those who couldnt. Yet, he also believed that the best welfare policy a government could adopt was to spend little and let capital and labour drive the economy (laisser faire le peuple).

To understand this seeming contradiction, we must put aside anachronistic notions of the welfare state. Duponts social rights expressed his belief that a regenerated society could morally and economically regulate itself. Once property was secure (he called for property rights) and markets were free (the corollary of property), abundance would follow, lifting all boats. Social rights necessitated the duties to work and provide charity, but these were the responsibilities of individuals, not the fiscal-redistributive state.

Despite strong support, social rights were not included in the final draft of the Declaration of the Rights of Man and of the Citizen of 1789. But Duponts liberal-economic vision was widely shared and shaped early revolutionary policies with disastrous results. The more the economy was liberalised, the more unstable the situation became. After the monarchy was toppled and a republic was declared in 1792, revolutionaries had to draft a new constitution. Calls to include social rights came from all parts from radical sans-culottes, who also clamoured for price controls, to well-heeled moderates in the National Convention, who still believed that economic freedom would remedy deprivation. Even some anti-revolutionary Catholic priests were espousing social rights at the time.

This consensus on social rights papered over deep divisions over how to finance them. The Constitution of 1793, which included rights to work, subsistence, and education made society the duty-bearer. What society meant, however, was anyones guess. Did it refer to philanthropic individuals or the fiscal-redistributive state?

Lacking clarity, officials took matters into their own hands. They solicited, taxed, and extorted according to their predilections and the circumstances. As prisons filled up with enemies of the people and guillotines rolled into cities across France, the Jacobin constitution became associated with terror. What was, at its root, a problem of reconfiguring obligations for an egalitarian society was simplistically recast as the problem of social rights. When still another constitution was drafted during the conservative backlash of 1795, social rights were decidedly omitted.

Throughout the nineteenth and twentieth centuries, republicans were increasingly willing to adopt social provisioning measures, but only as a matter of government, not as a matter of right. Alexis de Tocqueville drove home this distinction in a speech to the National Assembly in the Revolution of 1848. Countering socialists, he drew inspiration from the Revolution of 1789, the social aims of which, he insisted, had been limited to introducing charity into politics. With charity, recipients dont have claims on givers. There is nothing [in the 1789 revolution] that gives workers a right in respect of the state [] nothing that authorizes the state to intervene in industry, to impose restrictions upon it. Socialists, for their part, had only minimal, if any, commitments to social rights. Many saw human rights as nothing more than bourgeois claptrap. Like the free-market liberals of the Enlightenment, they held a vision of a morally and economically self-regulating society. But unlike those liberals, they did not use the language of rights to express it.

For a variety of factors, social rights re-emerged in the twentieth century, appearing in constitutions in Europe and the Americas: Mexico (1917), Weimar Germany (1919), Ireland (1922, 1937), USSR (1936), and elsewhere. In his famous speech of 1944, Franklin Delano Roosevelt called for a Second Bill of Rights, which included freedom from want. Eleanor Roosevelt chaired the Commission on Human Rights at the United Nations, which included social rights in its draft of the Universal Declaration of Human Rights of 1948. Despite the growing recognition of social rights, they remained contested, especially after the start of the Cold War. The French Revolution, I believe, can shed light on the reasons why.

The failure of revolutionaries to agree on the terms of obligation in 1793 (who pays and on what terms?) undermined social rights by facilitating the view that they lead to violence and oppression (the Terror). Many of the arguments levied against social rights in the twentieth century harken back to the Terrors aftermath, when liberals rejected social rights for the authoritarian risks they were thought to entail. In On Revolution (1963), Hannah Arendt concluded that attempts to resolve the social question through political means the rights of the sans-culottes are inevitably doomed to terror. Her view was echoed by Aryeh Neier, first Director of Human Rights Watch, who stated in his memoirs of 2001: Authoritarian power is probably a prerequisite for giving meaning to economic and social rights.

For critics of social rights, the French Revolution looms as a cautionary tale. But perhaps the real lesson is how important, yet difficult, it is to achieve a consensus on the terms of social obligation in a society based on equality rather than hierarchy. Social rights traversed the medieval and early modern eras; they stumbled through the modern. Rather than dismissing them as nave or dangerous, we might do better to reflect more deeply on our social contract on what free people owe each other as equal members of society. In practice, this means doing what historian Rutger Bregman did at the World Economic Forum in Davos in 2019, when, before a crowd of billionaires, he distinguished between charity (stupid philanthropy schemes) and taxes. In the end, social rights depend not on altruism but on the obligation to pay ones fair share.

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What the French Revolution can tell us about the history of social rights - OpenGlobalRights

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