Tattoos May Be The Next Great Generational Divide

While tattoos and body piercings have become more mainstream, they still cause some to blanche. And where there’s blanching, there may also be some employment discrimination. A few years ago, Texas A&M business professor Brian Elzweig reported that discrimination in employment decisions based on tattooing and body piercing was actually not illegal.

According to what Elzweig wrote, courts have consistently rejected public employees’ constitutional claims, the most common of which is that the tattoo or piercing is protected by the First Amendment (freedom of speech or expression). Tattoos and piercings are considered to be alterable; therefore, they do not automatically receive any special legal protection, the article said.

“Employees need to use discretion in the workplace,” Elzweig warned at the time. “In addition, employers need to recognize that the paradigm is shifting and that body modifications are becoming more mainstream.”

A 2012 Harris Poll survey found that one in five adults has a tattoo.

Huff/Post50 asked our Facebook fans what they thought of tattoos and body piercings in the workplace. Are they a big deal or not? Their responses left our eyes stinging and ears ringing!

Mark Hammond said “If given a choice, I would avoid doing business with a company where the employees had visible tattoos.” Tamara Hall da Silva said she “can’t stand to see [tattoos or piercings] at the doctor’s office – labs, hospitals. [It] makes me uncomfortable.” And Mike Ashley noted that if you work for a company that wants you “to be presentable to their customers,” then you need to abide by their rules if you want the job.” He adds, “Otherwise take a hike and let someone who really wants it have it.”

Sandy Clutter advises this for those with tattoos: “Keep them covered.” Iona Warmack called body piercings and tattoos “barbaric.” And many agreed with Paula Rehnlund when she called them “unprofessional.”

Beth Greenshields Courrau said she can deal with “a small tattoo,” but added that “some people are so covered that I find myself totally distracted by it.” Her advice is that having a tattoo “can work against you — whether that is fair or not.”

Jane T. Brodbar, however, said our question was “WAY too vague and displays an actual misunderstanding of body art altogether. Your question needs to be more specific to even have any kind of a rational or civil conversation about this.” Ren Zelaya agreed that we asked “Too vague of a question to be able to answer intelligently,” but added this: “For the most part though…if you seek a job within a standard business doing standard business practices that require client interactions…making yourself look like a gangster or punk rocker isn’t going to get you a second interview for the position.”

Gayle Hobbs also noted that it “depends on the job.” Francine Scism says piercings are “a very big deal, especially in the food service business. I do not want my waiter or waitress having body piercings anywhere! Tattoos are different, but I do not like anyone sporting a tattoo and that is my opinion.”

Peggy M. Raddatz encouraged employers to not “judge a book by its cover — no matter what the job is. Period.” And Ed Milnes says that “Body art/modification says nothing about the content of the person.”

Beth Duncan says she sees growing acceptance of tattoos in her home state of Texas. “There was a time when you never saw a tattoo or piercing but it is becoming more commonplace.”

Gilda Cobretti says tattoos are “no big deal anymore.” Rae Ann Nolan says, “I prefer them covered but I can deal.”

Where is offense?

Like most of us I have been following the tempest succeeding the Charlie Hebdo killings in Paris, the wave of anti-terrorist rhetoric, the rendering of Mohammed as a kind of ‘we’ll-show-you’ counter-punch, the counter-counter punch of Muslims being offended by the rendering, and on it goes. Everyone seems offended by something.

I spend a lot of time thinking about and trying to observe the phenomena that are being referred to in ordinary conversation — when we are speaking and listening. My point of view, is that if we cannot observe something then whatever we’re talking about isn’t actionable. For example, when we generalize about someone or speak about their ‘personality’ we may have a sense of what we’re talking about, but in all likelihood different people will have different views and none of them can be verified independent of the speakers, and in most cases rarely leads to action or any real change. This can in turn become part of our conventional wisdom, such as ‘people’s personalities and human nature don’t change in fundamental ways’, which then for all practical purposes become ‘facts’. Put this kind of thinking into a political or religious context, and it is a set up for a never ending and irresolvable condition, like a ‘family-feud’ that takes on a life of its own. It becomes the source of institutionalized suffering and violence.

I heard a great podcast of an interview with Terry Gross of NPR’s ‘Fresh Air’ and Maajid Nawaz, a very articulate and thoughtful author who became an Islamist at the age of 16 and was able to extricate himself 10 years later. (click here to listen) He tells a compelling story of the arguments used to recruit youth into Jihad and the difficulties faced once one is on the inside of Islamist organizations, which like other cults become closed and self-referential systems. On the question of how to think about this issue of offense to Islam by rendering what Muslim’s consider to be blasphemous, he offers a very simple but essential distinction.

Specifically, he suggests that Muslims (or anyone) who are offended by any form of expression are entitled to being offended. But they do not have a right, if the offense is some form of legal self-expression in a free and democratic society, to punish or promote violence against the offenders. In a closed Muslim community members may have and choose to enforce their own rules, but to apply those rules to those not
belonging to their community is a form of theological or ideological fascism, and cannot co-exist in a free society. Nawaz is the author of the memoir Radical: My Journey Out of Islamist Extremism.

The question I use to test if something can be observed is, ‘where is it’? Show me. If the word is trust, what I might see is that trust can be observed as specific judgments. I can’t observe a feeling or an emotion, although I can observe my thinking and my behavior that I label as an emotion or feeling.

I am suggesting that any form of ‘being offended’ is similar to feeling someone is ‘nagging’. It is a phenomenon that only occurs (and can be observed) in our listening and the meaning we give to what is being said. It is entirely a function of our interpretation, our values and our commitments and it is never caused by something outside ourselves. I may consider you to be a jerk, that what you are saying to be inappropriate, and even judge a statement to ‘offensive’. But to then say that the statement you are making OFFENDS ME, is to react to the statement, and abdicate any responsibility for how I relate to and listen to the statement. My view is that your statement is causing something that it is not, and cannot, be the cause of. Said differently, we become prisoners of our own belief system, and then ‘react’ to anything that challenges or calls our beliefs into question.

Finally when we are responsible for our feelings, particularly our negative feelings like being offended, then we can express ourselves in ways that can open dialogue, allow for education and at some moment bring us closer together. Rarely does someone try to intentionally offend someone else. Yet, people get offended all the time. As we learn to listen more deeply, acknowledge our differences and communicate our intentions, we may also learn that whether we like it or not, we are always co-creating our reality. The opportunity is there to co-create a world that works for all of us, and when we do, we may discover that being offended is a choice.

OFFENSE is always a function of the interpretation (listening) of those who are offended. It is legitimate to declare that “I am feeling offended”, it is not legitimate or accurate to say “you (or the statement) are the cause of my feelings.

Seth Rogen Clarifies 'American Sniper' Tweet

On Sunday, Seth Rogen tweeted that he thought “American Sniper” reminded him of “Nation’s Pride,” the fake Nazi propaganda film about a sniper shown in Quentin Tarantino’s “Inglourious Basterds.”

Rogen’s tweet was picked up by numerous media outlets, including TMZ, The Hollywood Reporter, USA Today, The Daily Beast, Breitbart and Fox News. Twitter users also blasted Rogen for making the connection.

On Monday, Rogen explained the intention behind his initial tweet.

He also took a dig at publications that wrote about his tweet:

Rogen isn’t alone in being embroiled in controversy over “American Sniper.” Michael Moore called snipers “cowards” in a tweet posted Saturday, though he didn’t make any mention of Clint Eastwood’s movie. Moore later clarified his remarks after they were picked up and offered a review of “American Sniper” on his Facebook page.

Martin Luther King Brought the Hebrew Prophets to Life

Martin Luther Ling Day is today and to any American it should mean a rebirth of the principles enumerated on the Fourth of July. The latter commemorates the formation of our country upon the values of freedom and equality. When we remember Martin Luther King, however, we commemorate the man who brought America to conform to those founding principles which were being violated. But to Jews, too, this day is one of unique importance.

As protests waged through Ferguson and New York City these past few months, anti-Israel activists pounced on the opportunity to hijack the tragedies to their own ends. Mixed in with the “Black Lives Matter” billboards were a handful of other signs reading “Palestinian Lives Matter.” What the Israel haters are trying to do is to drive a wedge between the Jewish and black communities.

The relationship between blacks and Jews is one of true depth, one which strikes at the core of both peoples. It was not built on a shared oppression, but on a shared faith, not upon a common history, but upon a common destiny. Not on shared interests, but on shared values. Not upon a mutual alienation from the mainstream, but upon a mutual commitment to social justice.

Faith has always been the central pillar of the black community. The civil rights movement, far from being a simple political response to injustice and oppression, was a religious movement – one conceived in churches, led by ministers, and which marched to the sounds of old “Negro spirituals.”

Faith fueled the soldiers of the civil rights movement and sacrifice sustained them. And it was this burning faith that serves as the true secret to their success. The world has seen so many liberation movements succumb to the battling egos of their leaders or simply replace the original oppressor with a newer one: Czar Nicholas with Lenin and Stalin, Batista with Fidel Castro, or a white-ruled Rhodesia for a Mugabe-controlled Zimbabwe.

The leaders of the civil rights movement, being men and women of deep faith and spiritual conviction, exhibited the most incredible humility. They always put the interest of the people before any personal lust for power. Walter Abernathy and Fred Shuttlesworth could easily have resented Martin Luther King Jr. for his higher profile, and King could have wanted more for himself than to die on the lonely balcony of a second-rate Memphis motel. But their objective was not personal advancement but rather to lead God’s children toward a promised land of equal rights and human dignity. They put the people before their egos and placed reconciliation with the white man ahead of fratricidal civil war.

The same chains of slavery that bound the Jews in ancient Egypt and the blacks in the New World may have imprisoned their bodies. However, it liberated their spirit. Those chains taught Jews and blacks, above all else, to see in God the source of their salvation rather than in any professed human liberator, be he as righteous as Moses or as determined as Lincoln. Both became nations to whom faith was endemic and sustaining.

For most people, religion is a guide to gaining entry into the afterlife, a way of avoiding hell. For blacks and Jews, religion was a guide to finding hope and comfort in this life, so that their earthly existence might transcend the hell it often was. Other religions reinforced the oppression of the faithful by instructing them in the divine right of kings. But Jews and blacks always held fast to the faith that no man was born subject to another. To them, all men were princes.

Other religions taught men to accept their suffering in this world in exchange for the comforts of paradise, which would more than compensate. But the faith of Jews and African Americans inspired them to challenge existing prejudices, because man is not born to suffer. Man dare not await the paradise of Eden. His highest obligation is to create heaven on earth.

As a Jew, my attachment to King’s speeches has little to do with the injustice of segregation, to which I was thankfully never subject, and everything to do with a modern preacher who brought the ancient Hebrew prophets to life. While studying at yeshiva I related to Isaiah, Jeremiah, and Micah as characters in a book. But after listening to King’s magical orations, many of which I have tried to memorize, I related to them as living figures – as emboldened and animated opponents of injustice. Like Moses, King never reached the promised land. But like Moses, he found redemption in a life of service over adventure, winning righteousness over recognition.

That the Jewish and black communities are distinguished by their attachment to their faith is further evidenced by the unique problems faced by each upon the abandonment of that faith. The Jewish break with ritualistic tradition has at times led to materialism. Assimilation has led to questioning one’s identity, a futile attempt to erase distinctive Jewish characteristics, and a misguided attempt to blend and disappear into the mainstream. For many in the African-American community, a loss of the anchor of faith has led to a breakdown in familial and social bonds.

Today, as we experience a subtle rise of anti-Semitism and racism, Jews and African Americans need each other more than ever. To that end, Martin Luther King and the day that commemorates the great man should serve as a constant reminder.

It's Time to Focus on Shared Goals

In his 2010 State of the Union Address, President Obama said he’d “like to begin monthly meetings with both Democratic and Republican leadership.” Unfortunately, he did not follow through on that good intention. We appeal to him to do so in 2015, starting with his State of the Union address on January 20.

Imagine how refreshing it would be to hear a State of the Union Address that is a list of shared goals instead of the all-too-typical wish list developed in a White House vacuum. Imagine a State of the Union in the voice not of “I,” but of “we” — meaning we, your elected leaders.

Now imagine the ripple effect of such a speech. We can easily imagine the stock market surging, consumer sentiment rising and small-business optimism ascending from its doldrums. Because having faith in our leaders, and confidence that they are working hard to solve problems instead of just scoring political points, makes Americans feel positive and confident. And when we are feeling good, when we are on our game … we Americans are unstoppable.

We believe it is never too late to make good on good intentions, and that it is critical for the president to not just hold one or two meetings or photo opportunities with congressional leaders, but to really lead the problem-solving process in Washington, D.C. with an ongoing dialogue that takes place on a regular basis, face-to-face.

This would be good policy and good politics — we know the majority of Americans want their national leaders to have a shared set of goals, regardless of party affiliation. A Wall Street Journal/NBC poll recently showed 63 percent of Americans want the 114th Congress to make agreements across the aisle.

Since we come from different points on the political spectrum ourselves, we also know that this is achievable. We disagree on issues, but we also agree on a lot more. Furthermore, we know that establishing goals is the first step toward solving problems.

We are not asking the president and congressional leaders to agree on every aspect of the most contentious issues of the day, but we know that there is broad agreement among our citizens on many things — like the need for job creation and energy security, and goals like balancing the federal budget and making Social Security and Medicare solvent for future generations. The president and congressional leaders need simply to pick from a list of goals that are already widely-agreed-upon, then sit down, roll up their sleeves, and negotiate the kinds of compromise agreements that can solve some of America’s problems.

There is ample evidence that congressional leaders are ready for this important process to begin. Senate Majority Leader Mitch McConnell recently told The New York Times, “All of us from time to time make a point. But it is time now to make a difference.”

The current atmosphere truly could not be better for the president to invite Republican and Democratic congressional leaders to the White House on a regular basis and for them to wholeheartedly commit to those discussions. The start of a new year and a new Congress carry a feeling of possibility and, yes, hope. This is not a partisan feeling. It is an American feeling. The president and congressional leaders of both parties should capitalize on it.

Guy Maddin's <i>Forbidden Room</i>

Ariane Labed by Kim Morgan

The Forbidden Room.

Here’s on-set pictures I took just about three years ago in Paris while working on what would become Guy Maddin’s The Forbidden Room (co-directed by Evan Johnson) soon to be seen at Sundance and Berlin. These pictures are from the project, then called Spiritismes, shot at the Centre Pompidou, which I wrote about here and here. For me, it all started in July 2010, appearing in what was called Hauntings (during that time I also co-wrote with Guy and starred opposite a white wolf in our short/installation project, Bing & Bela.) It then grew and changed (as outlined in this interview with Guy) and has shaped into a feature film. I was happy to take part as additional story writer and actress. Here’s the official wesbite with more information to follow. 

  Adèle Haenel and Charlotte Rampling by Kim Morgan

This has been a long journey (for this writer and contributor, since 2010) for all involved and quite meaningful, in many, many ways, for me. 

Here’s more of my photos. Click on the pictures for larger images.

Adèle Haenel by Kim Morgan

Christophe Paou by Kim Morgan

Charlotte rampling shoes photo by Kim Morgan

 Maria de Medeiros and kid by Kim Morgan

Slimane Dazi by Kim Morgan

Charlotte rampling photo by Kim Morgan

Mathieu Amalric by Kim Morgan

Udo Kier gun photo by Kim Morgan

Adèle Haenel by Km Morgan

Udo Kier directed by Guy Maddin by Kim Morgan

Jacques Nolot by Km Morgan

Charlotte Rampling and Adèle Haenel by Kim Morgan

Ariane Labed and Geraldine Chaplin photo by Kim Morgan

Charlottle Rampling on phone photo by Kim Morgan

Udo Kier eye photo by Kim Morgan

Read more Kim Morgan at Sunset Gun.

Yemen = (Somalia + Libya) / Syria x Saudi Arabia + Iran

What do the Paris terror attacks and the failing, chaotic nation of Yemen have in common? Far too much it turns out.

Until the horrific events in Paris, the dangerous jihadi underground express running to and from Europe and the U.S. via Turkey to Syria and beyond had preoccupied counter-terrorism officials. No more.

As investigators uncover more facts about the Kouachi brothers – responsible for the terrorist attack against Charlie Hebdou’s staff – it turns out that Cherif Kouachi was trained by Al Qaeda in Yemen and radicalized by Anwar al-Awlaki – the sinister American-born “emir” of Al Qaeda in the Arabian Peninsula (AQAP). The Kouachis then attended Awlaki’s Paris prison “finishing school” – and further brainwashed by Awlaki’s European mastermind Djamel Beghal — who was captured while plotting to blow up the U.S. Embassy in Paris in 2001.

Although Awlaki was killed in a 2011 U.S. drone strike, he, more than any other Al Qaeda leader, indeed other than Bin Laden himself, was responsible for inspiring the most lethal and aborted attacks against the West – the foiled airline underwear bomber attack, the failed Detroit Christmas airline attack, Nidal Hassan’s rampage at Fort Hood, Texas, the stabbing of a British MP, the lethal Boston Marathon bombing, and the attack on Charlie Hebdou (before he was killed Awlaki publicly called for the murder of Charlie Hebdo’s editor, Stephane Charbonnier.

AQAP is the flagship Yemen-based franchise for Al Qaeda’s decomposing central command under Ayman al Zawahiri – Bin Laden’s successor. It is by most accounts the Al Qaeda franchise that has the most lethal intent and capability to commit terror against the West. In fact, the NSA continues to intercept orders from Zawahiri to AQAP’s current leader – Nasser al-Wuhayshi (once Bin Laden’s personal secretary) to launch attacks against the U.S. Zawahiri recently appointed Wuhayshi “general manager” of Al Qaeda – placing him in overall operational command of the AQ franchise network (Al Nusra Front in Syria, Al Qaeda in the Maghreb, Al Shabab in Somalia, Ansar al Sharia in Mali and in Egypt).

Despite relentless U.S. drone strike campaign against AQAP, which in addition to taking down Awlaki also removed his second-in-command, Said al-Shiri (the printer cartridge bomber mastermind) and other mid-level bomb-makers, Yemen’s resurgent AQAP is proving more deadly and more resilient than at any time since 2011.

Where is AQAP’s crucial financing and logistical support coming from? AQAP is not only receiving a huge infusion of Arab gulf cash to prevent the dreaded Iran-backed Shiites from gaining control of Yemen – opening the next front in the proxy war between Shiite Iran and Sunnis Saudi Arabia — but it has found a huge reservoir of sympathy among Yemeni tribal Sunnis in a backlash against a potential Shiite Houthi takeover – and Sunni safe havens are the mother’s milk for Al Qaeda. Indeed, Sunni support in southern Yemen enabled AQAP to declare an Islamic emirate in Abyan province in early 2012, but which was eviscerated under a Yemeni/U.S. attack last year after it alienated the local population, scattering AQAP operatives to its new base of operations Yemen’s eastern Hadhramaut province — ideal real estate for AQAP – inaccessible, rocky and close to Saudi smuggling routes. Yet, despite the relentless U.S. – backed special operations campaign against it, AQAP has strongholds in 16 of Yemen’s 21 provinces.

In fact, AQAP is proving so resilient it continues to publish the English-language online magazine Inspire which contains recipes on how to build bombs. The social media impact of Inspire must not be underestimated. It is the Al Qaeda English language handbook that has gotten into the hands of so many Islamic radical wannabees and is one of AQAP’s principal tools of recruitment to this day. AQAP rivals ISIS in the volume of English-language videos and social media messages it releases.

Against this backdrop of a more lethal AQAP, Yemen is spiraling out of control. Its capital, Sana’a is in chaos. Yemen is not just on the brink of becoming another dangerous failed state and, it is the next regional epicenter of the Sunni-Shiite conflagration gripping the Middle East – sort of a “Son of Syria” with all of the combustible elements we are witnessing in Syria. And Al Qaeda in the Arabian Peninsula (AQAP) is hovering like a vulture to feed on the carcass.

Just today, the government of President Abd Rabbo Mansour Hadi – the weak successor to the now deposed autocratic dictator Ali Abdullah Saleh, is on the verge of collapse, waging a losing power struggle of the insurgent, Iranian-funded Houthi (Shiite) rebels (named for their leader, Abdelmalek al-Houthi) who are determined to seize the entire country of Yemen and hold it for all sorts of ransom.

Just who are these Houthi insurgents?

This Houthi/Shiite rebellion has been simmering since 2004 – pitting the federal Yemeni government against the local Houthi tribesmen who have demanded more autonomy, and more subsidies, from the government in Sana’a. The Houthis form the Zaydi revivalist branch of Shiite Islam and are the dominant tribe in Yemen’s northwestern territories. They are a minority within Yemen’s Sunni majority (one-third of Yemen’s 26 million people), but have steadily gained military and financial support from Iran to become a real threat to Yemen’s U.S.-backed government. In fact, there are reports that the Houthi are collaborating with Yemen’s deposed President Saleh, who is about to be sanctioned – yes sanctioned – by the United Nations for undermining Yemen’s fragile democratic transition after he was deposed. What is Saleh doing back in the mix? Obviously, trying to regain dictatorial control over Yemen, which he left in a shambles after being run out of Sana’a.

Confused? So am I!

The deteriorating situation in Yemen’s beleaguered capital of Sana’a is so bizarre that if it weren’t so dangerous, it would make for a grade B movie. The Houthis waltzed into Sana’a several months ago and unleashed a mafia-like extortion and rackets operation shaking down government officials, private companies, and even foreign diplomats. They took over intersections, set up checkpoints, and seized media outlets in order to force President Hadi’s government to capitulate to their welfare demands.

The random tales of Houthi pillaging and lawlessness unleased a backlash by disgusted residents and Yemenite Sunnis that has played right into the hands of AQAP. What were the Houthis after? Well, for starters, restoration of a fuel subsidy which the beleaguered, bankrupt Yemeni government was forced to slash. But apparently after months of chipping away at the legitimacy of the Yemeni government, the Houthis have decided why not seize power altogether.

Tonight, a shaky cease fire is barely preventing the Houthi from deposing Hadi altogether, which will place Sana’a in the hands of Iran’s Houthi proxies and likely force an evacuation of U.S. and other western diplomats. Then what? An Al Qaeda-led Sunni tribal army marching on Sana’a?

American counter-terrorism officials had higher hopes for Yemen’s stability – until now. Yemen’s descent into a gory failed state poses a clear and present danger to Europe, the U.S. and the West. The unquenchable capacity of AQAP to leverage Yemen’s instability – by relying on Awlaki’s evil hand from the grave – is a sad reminder how lethal AQAP remains to the homeland.

Democrats Take on Wall Street with Financial Transactions Tax

The House Democratic Party leadership made a remarkable step forward last week in putting out a proposal for a financial transactions tax (FTT). The proposal is part of a larger package which includes a substantial tax credit for workers, and also a limit on the tax deductibility of high CEO pay, but the FTT portion is the most remarkable.

There has long been interest in financial transactions taxes among progressive Democrats. The list of people who have proposed financial transactions taxes over the years includes Representatives Peter DeFazio and Keith Ellison, along with Senators Tom Harkin and Bernie Sanders.

But the proposal last week came from Representative Chris Van Hollen, who is part of the party’s leadership. And Minority Leader Nancy Pelosi indicated that she also supports the proposal. This means that financial transactions taxes are now part of the national debate on tax and financial policy.

And there should be no mistake; this is a really big deal for the financial industry. The proposal outlined by Van Hollen is modeled after one being debated in the European Union. It would apply a tax of 0.1 percent on each stock trade and 0.01 percent on trades of derivatives like options, futures, and credit default swaps. The European Commission estimated that this rate structure would generate an amount of revenue equal to 0.4-0.5 percent of GDP. In the United States, this would be between $70 billion and $90 billion a year.

The best thing about this story is that almost all of the revenue would come from the financial industry. While the tax rate would be low even if borne by investors, research shows that trading volume will decline roughly in proportion to the increase in trading costs. This means that if the tax raises trading costs by 50 percent, we would expect trading volume to decline by roughly 50 percent. The amount that normal investors, for example people with 401(k)s, pay for trading will remain pretty much the same.

Investors care about what they spend on trading costs, not what they spend on trading taxes. In this case, the additional amount they spend on taxes is offset by a decline in the amount they spend on other trading costs (e.g commissions and fees to the industry), leaving their total costs unchanged. And since investors don’t on average gain through trading (for every winner there is a loser), this means that the financial industry will bear almost the entire burden of the tax.

Needless to say, the industry will not be thrilled about this prospect. The cost to them of the FTT is almost certainly larger than all the provisions in Dodd-Frank put together. Enormous profits and massive paychecks have been earned in recent times through the proliferation of complex derivative instruments and the promotion of the rapid turnover of stock and other assets. This would all change with the FTT that Van Hollen is proposing.

To be clear, this is not a story of shutting down the financial industry. The financial industry plays a central role in sustaining a healthy economy. It provides the money families need to buy a home or start a business. It also provides businesses with the capital they need to expand. But the financial sector has grown way beyond the size necessary to fill these purposes, with the core financial sector (investment banking and securities and commodities trading) expanding five-fold as a share of the economy since the 1970s.

Research from the Bank of International Settlements shows that a financial sector of this size is a drag on the economy. It pulls highly skilled workers away from productive sectors like computers and biotech. It also pulls capital away from smaller firms, as money goes into speculation rather than the expansion of rapidly growing businesses.

The Van Hollen proposal would raise the cost of trading stock and other financial instruments back to where to where it was 15-20 years ago. The United States had a large and dynamic capital market in 1995; it would have a large and dynamic capital market in 2015 if trading costs returned to their levels of twenty years ago.

The Democrats deserve a lot of credit for adopting this proposal. The financial industry is enormously powerful and will do everything it can to bury Van Hollen’s plan before it gains any traction. Look for a slew of economic studies showing that a tax of 0.1 percent on stock trades will be the end of the economy as we know it. The reality is that it just means the end of speculative finance as they know it, and this is a very good thing.

Behind the scenes of "behind the scenes at National Geographic"

Have you seen that “behind the scenes at National Geographic” photo where those guys are running from a bear? It’s pretty amusing. But it’s a fake . Super duper, 100 percent fake. So where did it come from?

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Lizard Squad Kept Its Hacker-for-Hire Customers' Info in Plain Text

Lizard Squad Kept Its Hacker-for-Hire Customers' Info in Plain Text

Somebody hacked the Lizard Squad’s super stupid DDoS-for-hire service last week, and guess what? The Lizard Squad sucks at cybersecurity. Not only did the hackers leave their so-called LizardStresser service vulnerable, the money-hungry kids left all their customers’ data in plain text and $11,000 in bitcoin on the table.

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