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Generational Dynamics Web Log for 24-Jun-2014
24-Jun-14 World View -- Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence

Web Log - June, 2014

24-Jun-14 World View -- Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence

Ebola virus is 'out of control' in western Africa

This morning's key headlines from GenerationalDynamics.com

Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence
Boomers have no one to sell their stocks and real estate to
Ebola virus is 'out of control' in western Africa

Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence

Caged Al-Jazeera journalists in court on Monday (AP)

Caged Al-Jazeera journalists in court on Monday (AP)

Countries and human rights organizations around the world are condemning the convictions by an Egyptian court of three Al-Jazeera reporters, with sentences ranging from 7 to 10 years in jail. they were accused of "spreading false news," falsely portraying Egypt as being in a state of "civil war," as well as aiding or joining the banned Muslim Brotherhood. The trial was closely watched by journalists and governments around the world, with all the proceedings widely reported, and apparently not a shred of evidence was provided supporting the charges. The evidence that was presented was irrelevant, and a lot of it was completely phony. In one case, a BBC (not Al-Jazeera) podcast was presented as evidence.

(Definition of "Kangaroo Court": Slang for a court of law in which the violations of procedure, precedents, and due process are so gross that fundamental justice is denied. It usually means that the judge is incompetent or obviously biased.)

According to several analysts, the logic behind the ruling is as follows:

Al-Jazeera is funded by Qatar.

Qatar supported Egypt's Muslim Brotherhood, and disparaged the army coup that forced him out of office and put an army junta in place.

The Arabic version of Al-Jazeera aired many interviews and reports that criticized the coup.

The kangaroo courts in Egypt have sentenced thousands of Muslim Brotherhood supporters to jail, and in some cases to death, in mass trials with no evidence presented at all.

The Al-Jazeera reporters work for Al-Jazeera English (not Al-Jazeera Arabic), they were good reporters, presenting fair and objective reports, but they've been given 7-10 year sentences because Egypt's junta wants to get even with Qatar's government.

Al Ahram (Cairo) and Al Ahram and BBC

Boomers have no one to sell their stocks and real estate to

A web site reader referred me to the article excerpted below:

The Generational Short: Who Will Boomers Sell Their Stocks To?

The implicit conclusion: the Baby Boomers won't have anyone to sell their stocks, real estate and bonds to. Correspondent Eric A. demolished the fantasy that Gen X will have the income and assets to buy the Boomers' stocks held in IRAs, local government and union pension funds and 401K accounts.

The idea that Gen-Y will have the wealth (not to mention the desire) to buy the Boomers' stock market portfolios at nosebleed valuations poses a peculiar conundrum: the only way Gen-Y will have the wealth to buy Baby Boomers' assets is if the Boomers sell their assets and pass the wealth along to Gen-Y.

So if both Gen-X and Gen-Y are out as buyers, who's left to buy the tens of trillions of dollars of Boomer assets at bubblicious prices? Given that other nations face the same demographic dilemma, the answer appears to be: no one. ...

A Tale of Two Dows

A Tale of Two Dows

If this is the New Normal, then what that means is a bubble and crash every 7+ years is now the expected cycle. ...

Doesn't it boil down to this? If we can't come up with a viable cohort who can afford (and is willing to place that generational bet) to buy Baby Boomer assets at current bubble-level prices, then it follows that as the first Boomers start selling their assets, prices will fall as there is nobody left to buy them, at least at these valuations.

Those who see the current era as an aberration have one logical action: sell now and get out while the getting's good. Zero Hedge

Ebola virus is 'out of control' in western Africa

Doctors Without Borders is calling the Ebola epidemic in western Africa "out of control." There have been 567 cases and 350 deaths since the epidemic began in March. The outbreak has spread to 60 different locations in Guinea, Sierra Leone and Liberia. The virus is spreading widely because people are traveling without realizing that they're infected with the virus. It can take 2-21 days for someone to feel sick after they've been exposed. Once symptoms show, many die within 10 days. There's no danger of a worldwide epidemic, since Ebola is only spread through contact with the bodily fluids of an infected person, as opposed to a virus that can spread through the air. CNN

(Comments: For reader comments, questions and discussion, see the 24-Jun-14 World View -- Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence thread of the Generational Dynamics forum. Comments may be posted anonymously.) (24-Jun-2014) Permanent Link
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Generational Dynamics Web Log for 24-Jun-2014 24-Jun-14 World View -- Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence

Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence

Boomers have no one to sell their stocks and real estate to

Ebola virus is 'out of control' in western Africa

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Generational Dynamics Web Log for 24-Jun-2014
24-Jun-14 World View -- Egypt's Kangaroo Court finds Al-Jazeera journalists guilty with no evidence