Day: July 13, 2018

Guardian revives debunked smear that Ethiopian Israelis were given contraception against their will

In a Guardian op-ed published today (“Labour’s antisemitism code is the gold standard for political parties”, July 12) British Labour Party official John Lansman defended his party against criticismbynearly every major UK Jewish group over their new policy on antisemitism, which departs significantly from the IHRA Working Definition of Antisemitism.

(You can see a short rebuttal of his risible claim that Labour’s policy is actually stronger than the IHRA Working Definition here.)

In an attempt to justify his party’s decision not to label it antisemitic to charge that the state of Israel is a racist endeavor, Landsman alleged that the state is in fact deeply racist, citing as evidence the following:

And ethnic minorities within Israel have been treated appallingly, such as the Sudanese and Eritrean refugees who have been detained and deported, and questions over the treatment of Ethiopian women, including allegations…

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Federal Deposit Insurance: A Banking System Built on Sand

Notes On Liberty

Federal deposit insurance grew out of a turbulent time in American history: the Great Depression. During two waves of bank failures in the 1930s an astonishing 9,000 banks closed and millions of depositors lost some or all of their savings. The Federal Deposit Insurance Corporation (FDIC) began operations in 1934, insuring deposit accounts up to $5,000 per person (roughly $80,000 in today’s money).

The bank failure rate then dropped dramatically and never again rose anywhere close to the level of the 1930s. And such bank failures that have occurred have cost insured depositors nothing; many uninsured depositors were made whole as well. Bank runs are a distant memory, revived occasionally by reruns of It’s a Wonderful Life.

Yet it may be premature to pronounce deposit insurance a success. It can take a long time for an unsustainable program to unravel: Witness Social Security and Medicare. Seventy-five years after the…

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