Category Archives: Finance & Economics

Oil Is Not Milk

Dark and oiled

You can drink the latter but not the former.


“Extraordinary & Worrisome” – WSJ Demands To Know How FBI ‘Meddled’ In 2016 Elections

Congress needs to learn how the FBI meddled in the 2016 campaign.

When Donald Trump claimed in March that he’d had his “wires tapped” prior to the election, the press and Obama officials dismissed the accusation as a fantasy. We were among the skeptics, but with former director James Comey’s politicized FBI the story is getting more complicated.

CNN reported Monday that the FBI obtained a warrant last year to eavesdrop on Paul Manafort, Mr. Trump’s campaign manager from May to August in 2016. The story claims the FBI first wiretapped Mr. Manafort in 2014 while investigating his work as a lobbyist for Ukraine’s ruling party. That warrant lapsed, but the FBI convinced the court that administers the Foreign Intelligence Surveillance Act (FISA) to issue a second order as part of its probe into Russian meddling in the election.

Guess who has lived in a condo in Trump Tower since 2006? Paul Manafort.

The story suggests the monitoring started in the summer or fall, and extended into early this year.

While Mr. Manafort resigned from the campaign in August, he continued to speak with Candidate Trump.

It is thus highly likely that the FBI was listening to the political and election-related conversations of a leading contender for the White House.

That’s extraordinary – and worrisome.

Mr. Comey told Congress in late March that he “had no information that supports those [Trump] tweets.”

Former Director of National Intelligence James Clapper was even more specific that “there was no such wiretap activity mounted against—the President-elect at the time, or as a candidate, or against his campaign.”

He denied that any such FISA order existed.

Were they lying?

The warrant’s timing may also shed light on the FBI’s relationship to the infamous “Steele dossier.” That widely discredited dossier claiming ties between Russians and the Trump campaign was commissioned by left-leaning research firm Fusion GPS and developed by former British spy Christopher Steele—who relied on Russian sources. But the Washington Post and others have reported that Mr. Steele was familiar to the FBI, had reached out to the agency about his work, and had even arranged a deal in 2016 to get paid by the FBI to continue his research.

The FISA court sets a high bar for warrants on U.S. citizens, and presumably even higher for wiretapping a presidential campaign. Did Mr. Comey’s FBI marshal the Steele dossier to persuade the court?

All of this is reason for House and Senate investigators to keep exploring how Mr. Comey’s FBI was investigating both presidential campaigns.

Russian meddling is a threat to democracy but so was the FBI if it relied on Russian disinformation to eavesdrop on a presidential campaign. The Justice Department and FBI have stonewalled Congressional requests for documents and interviews, citing the “integrity” of Special Counsel Robert Mueller’s investigation.

But Mr. Mueller is not investigating the FBI, and in any event his ties to the bureau and Mr. Comey make him too conflicted for such a job. Congress is charged with providing oversight of law enforcement and the FISA courts, and it has an obligation to investigate their role in 2016. The intelligence committees have subpoena authority and the ability to hold those who don’t cooperate in contempt.

Mr. Comey investigated both leading presidential campaigns in an election year, playing the role of supposedly impartial legal authority. But his maneuvering to get Mr. Mueller appointed, and his leaks to the press, have shown that Mr. Comey is as political and self-serving as anyone in Washington.

No investigation into Russia’s role in the 2016 campaign will be credible or complete without the facts about all Mr. Comey’s wiretaps.

From Zerohedge: Meddling in the 2016 Presidential Election

Black Sky Hazards and Systems Engineering


Growing risks to our tightly interwoven infrastructures, on an unprecedented scale, have put national continuity, and our lives, in jeopardy. There is now a unique opportunity to meet this challenge.

Emerging “Black Sky” hazards ranging from largescale cyber or electromagnetic-pulse attacks to extreme space weather or regional earthquake zones could cause subcontinent-scale power outages – a new class of extreme risks to the United States and the industrialized world. Water, fuel, and the other utilities our lives depend on cannot function without electricity, and cascading infrastructure failures would disrupt the resources essential for power grid restoration and restart, amplifying and expanding the outage and the cascading failures.

If we cannot find a solution, the first of these extreme hazards to strike the United States would be devastating. It would mean the end of our society, as we know it today.

Over the last five decades U.S. aerospace companies invented, developed and refined a powerful new methodology to found our high-tech world. Smoothly integrating the hyper-complexities of diverse disciplines into the dependable high-tech tools and devices we now take for granted, systems engineering has become the fundamental organizing principle used to integrate and transform disparate technologies into satellites, aircraft carriers and spaceships.

As the new Administration in Washington D.C. begins detailing its ambitious goals for securing the nation’s infrastructures, understanding the Black Sky resilience shortfalls and interdependencies putting our lifeline infrastructures and national continuity at risk will be essential. To accomplish this, and look to industry to build the coordinated solutions that will be essential, systems engineering will be an indispensable tool.

And the work has already begun.


Download PDF: Black Sky Hazards & Systems Engineering PDF

The Surest Foundation of a People’s Prosperity

Learn that true religion lays the surest foundation of a people’s prosperity. Righteousness exalteth a Nation, Prov. 14. 34. When we turn to God by Jesus Christ, and do works meet for repentance; we take the best way to obtain salvation from the help of his countenance, who is the Father of Lights, from whom cometh down every good & every perfect gift. It’s sin that separateth between God and his people: When this accursed thing is therefore put away from among them, that God to whom belong the issues from death, will draw nigh to them with his saving health, and appear for their deliverance.

And if God be for us, who can be against us? There is no Wisdom nor Understanding, nor Counsel against the Lord. The Horse is prepared against the Day of Battle: But Safety is of the Lord. Prov 21. 30, 31. Certainly then, the one thing needful is to secure the presence and favour of God; and this we do when we return to him in hearty repentance, and then walk before him in new obedience. Blessed is that people whose God is the Lord: No weapon form’d against them shall prosper, and that good word shall be fulfilled unto them, God is our Refuge and Strength, a very present Help in Trouble, Psal. 46. 1. and v. 5. God is in the midst of her, she shall not be moved. God shall help her, and that right early, O that God would impress on our minds the firm belief of these things! O that he would affect our hearts suitably with them! That we might strive together in our prayers this day, crying to God with the prophet, O Lord, revive thy Work in the midst of the Years, in the midst of the Years make known; in Wrath remember Mercy. Hab. 3. 2.

Source: Joseph Sewall, “Ninevah’s Repentance and Deliverance”, 1740.

Top 10 Contributions of Aristotle

Born in 384 BC in Stagira, a small town on the northern coast of Greece, Aristotle’s is argua1bly one of the most well-known figures in the history of ancient Greece. He was a popular pupil of famous ancient Greek philosopher Plato. But unlike Plato and Socrates, Aristotle displayed an instinct to conclude about his study of nature using scientific and factual reasoning – a trait his predecessors routinely discarded in favor of their philosophical discerns. Perhaps it was his unyielding fascination for nature, logic and reason that he went on to make some pivotal contributions that are still reflected today in modern day mathematics, metaphysics, physics, biology, botany, politics, medicine and many more. He truly earns the honor of being called the “First Teacher” in the west. Further delving into the details of his achievements, here is a list of top 10 contributions of Aristotle.

Invented the Logic of the Categorical Syllogism

Syllogism represents a certain form of reasoning where a conclusion is made based on two premises. These premises always have a common or middle term to associate them together, but this binding term is absent in the conclusion that is decided upon. This procedure of logical deduction invented by Aristotle, perhaps, lies at the epitome of all his famous achievements. He was the first person to come up with an authentic and logical procedure to conclude a statement based on the propositions that are at hand. These propositions or premises are either provided as facts or simply taken as assumptions provided beforehand. For instance – Socrates is a man. All men are mortal. These two premises can be concluded as – ‘Socrates is mortal.’

The logic behind finding a reasoning based on a proposition and an inference that has something common with the said proposition is clearly pretty straight forward. Its deductive simplicity and ease of use catapulted Aristotle’s theory of syllogism to attain an unparalleled influence on the history of western logic and reasoning. Although in the post renaissance era leading up to the modern age, we came up with logical approaches that were based more on mathematical deductions (and were far more accurate), and less on the uncertainty of non-plausible premises. That being said, Aristotle’s logical theory of categorical syllogism attained a stature that makes it far more than a mere historical curiosity.

Classification of Living Beings

In his book, History of Animals (Historia Animalium), Aristotle was the first person in human history to venture in the classification of different animals. He would use the traits that are similar among certain animals to classify them under similar groups. For example – based on the presence of blood, he would make two different groups such as animals with blood and animals without blood. Similarly, based on their habitat, he classified animals as ones that live on water and ones that live on land. In his perspective, life had a hierarchical make up and all the living beings could be grouped in this hierarchy based on their position from lowest to highest. He placed human species at the highest strata in this hierarchy.

He also devised the binomial naming convention. Using this system, all living organisms now could be given two different sets of nomenclature defined by name of organism’s ‘genus’ and ‘difference’. Aristotle meant the ‘genus’ of a living being to represent its collective family/group as a whole. The name of the ‘difference’ is what makes the living organism different other members of the family it falls within.

Founder of Zoology

Aristotle is also known as the father of Zoology. As evident from his classification of living being, all his classification procedures and several other treatises he wrote primarily involved different species of animal kingdom only. He wrote a number of treatises that revolved around different aspects of zoology. Some of his popular treatises such as ‘History of Animals’, ‘Movement of Animals’, ‘Progression of Animals’ and others, were based on study of different land, water and aerial animals. Unlike his predecessors who merely documented their routine observations of nature, Aristotle worked on outlining specific techniques that he would use to make specific observations.

He used these empirical methods to carry out, what we could call in modern age designation, several proto-scientific tests and experiments to study the flora and fauna around him. One of his early observational experiments included dissecting the bird eggs throughout different stages of embryo development inside the egg. Using his observations, he was able to study the detailed growth of different organs as the embryo develops into a fully hatched youngling.

Contributions in Physics

To put it out rather bluntly, it is true that while Aristotle established new frontiers in the field of life sciences, his escapades in physics fall shorter in comparison. His studies in physics seems to have been highly influenced from pre-established ideas of contemporary and predecessor Greek thinkers. For instance, in his treatises On Generation and Corruption and On the Heavens, the world setup he described had many similarities with propositions made by some pre-Socratic era theorists. About the makeup of the universe, he tardily embraced Empedocles’ view that everything was created from different compositions of four fundamental elements – earth, water, air and fire.

Similarly, Aristotle believed that any kind of change meant something was in motion. In a rather self-contradicting way (at least the initial interpreters found it to be so), he defined the motion of anything as the actuality of a potentiality. In its entirety, Aristotle understood physics as a part of theoretical science that was in sync with natural philosophy. Perhaps a more synonymous term to adhere with Aristotle’s interpretation would be ‘physis’ or simply the study of nature.

Influences in History of Psychology

Aristotle was the first to write a book that dealt with the specifics of psychology – his book De Anima (in translation read as ‘On the Soul’) being the first book on psychology. In his book, he proposes the idea of abstraction that reigns over body and mind of a human being – they exist within the same being, intertwined such that mind is one of the many basic functions of the body. In his more detailed psychological analysis, he constitutes the human intellect into two essential categories – the passive intellect and the active intellect.

According to Aristotle, it is in human nature to imitate something that, even if on a mere superficial level, provided us with a sense of happiness and satisfaction. Perhaps the highlight of his psychological observations has been the delicate connection that binds the human psychology with the underlying human physiology. His contributions take a giant leap from where the pre-scientific era psychology stood before him, into an age of far more precise qualitative and quantitative analysis.

Advances in Meteorology

For his contemporary time and age, Aristotle was able to put forth a detailed analysis of world around him. At present, the term meteorology specifically encompasses the interdisciplinary scientific study of atmosphere and weather. But Aristotle made a far more generalized approach wherein he also covered different aspects and phenomenon of air, water and earth within his treatise Meteorologica or Meteora.

In his treatise, in his own words, he lays out details of ‘different affections’ that are common in between air and water, as well as the different kinds and parts of the earth, and the affections that associate those parts together. The highlight of his ‘Meteora’ treatise are his accounts for water evaporation, earthquakes, and other common weather phenomena. His analysis for these different meteorological occurrences is one of the earliest representations of such phenomena. Though that doesn’t say much about the accuracy of his meteorological studies. Aristotle believed in the existence of ‘underground winds’ and that the winds and earthquakes were caused by them. Similarly, he categorized thunder lightning, rainbows, meteors and comets as different atmospheric phenomena.


An attempt to summarize the rich details of Aristotelian ethics within the bounds of a couple of paragraphs will only put it short. Having said that, Nicomachean Ethics stand as the major highlight of Aristotelian ethics. It represents the best-known work on ethics by Aristotle – a collection of ten books maintained based on notes taken from his various lectures at the Lyceum. The Nicomachean Ethics lays out Aristotle’s thoughts on various moral virtues and their respective details.

Aristotelian ethics outline the different social and behavioral virtues of an ideal man. The confidence one bears in the face of fear and defeat stacks up as courage. The ability to resist the temptations of physical pleasures stand out as a person’s temperance. Liberality and magnificence speak the volumes of wealth one can give away for the welfare of others. Any ambition can never be truly magnanimous unless it attains an impeccable balance between the honor it promises and the dues it pays. These, along with other pivotal excerpts, build the groundwork for Aristotle’s endeavors in ethics. In this ethical essence, Aristotle believed that ‘regardless of the various influences of our parents, society and nature, we ourselves are the sole narrators of our souls and their active states.’


Aristotelianism is the biggest exemplary to the influence Aristotelian philosophy has had on the entire subsequent philosophical paradigm itself. Aristotelianism represents the philosophical traditions that takes its roots from the various works of Aristotle in philosophy. This route of conventional philosophy is highly influenced from different aspect of various Aristotelian ideologies including his view on philosophical methodology, epistemology, metaphysics, aesthetics, ethics and many more.

The fact remains that Aristotle’s ideas have become deeply engraved in the social and communal thought structure of overall civilization that followed in the western world. His philosophical works were first rehearsed and defended by the members of Peripatetic school. The Neoplatonist followed suit soon after, and made well documented critical commentaries on his popular writings. Historians also point out major references of Aristotelianism in early Islamic philosophy where in contemporary Islamic philosophers such as Al-Kindi, Al-Farabi and others translated and incorporated Aristotle’s work in their learning.


The word politics is derived from the Latin word ‘polis’ which in ancient Greece simply represented any city-state. Aristotle believed that ‘polis’ reflected the topmost strata of political association. Being a citizen of a polis was essential for a person to lead a life of good quality. Attaining the stature of such a citizen meant you needed to make necessary political connections to secure a permanent residence. In Aristotle’s view, this very pursues concluded the fact that ‘man is a political animal.’

Without a doubt, the various ventures of Aristotle’s life helped shape up his political acumen in ways his predecessors and contemporaries could not. His progressive adventures in the biology of natural flora and fauna are quite visible in the naturalism of his politics. He divides the polis and their respective constitutions into six categories, of which three he adjudges as good and remaining three as bad. In his view, the good ones are constitutional government, aristocracy, and kingship, and the bad ones include democracy, oligarchy and tyranny. He believes that the political valuation of an individual directly depends on their contributions in making the life of their polis better.


Many of the records of Aristotle’s take on art and poetics, much like many other documents of his philosophical and literary works, were composed around 330 BCE. Most of these exist and survive to this day because they were duly noted down and preserved by his pupils during his lectures. Aristotle’s insight in poetics primarily revolve around drama.

Perhaps in one of those subsequent periods when Aristotelianism was gaining more ground around the world, his original take on drama was divided into two separate segments. The first part now focused on tragedy and epic, and the second part discussed the various details of comedy. According to Aristotle, a good tragedy should be able to involve the audience and make them feel katharsis (a sense of purification through pity and fear).


It has been more than 2300 years since the last day of Aristotelian era in ancient Greece, yet the research and work of Aristotle remains as influential in this time and age. From fields that significantly incline towards a structurally scientific orientation such as physics and biology, to the very minute details about the nature of knowledge, reality and existence – his multitudinous all-around contributions truly make him one of the most influential people in human history.

Original article: Ten Contributions by Aristotle