Associated Press. What is happening now.

 


Alternate text

February 18, 2022

 

Morning Wire 

Here is today’s selection of top stories from The Associated Press at this hour to begin your day. 

Today's Headlines

I'm an image

KYIV, Ukraine (AP) — Russia announced massive drills of its nuclear forces Friday amid soaring East-West tensions, as the U.S. issued some of its starkest, most detailed...Read More

Former President Donald Trump, who repeatedly called Black Lives Matter protesters "thugs" and...Read More

MINNEAPOLIS (AP) — The former suburban Minneapolis police officer who said she confused her handgun...Read More

For more of today's news, go to APNews.com >>

Editor Selections

BEIJING (AP) — The gold medalist said she felt empty. The silver medalist pledged never to skate...Read More

NEW YORK (AP) — To plead the Fifth, or not to plead the Fifth? That is the question Donald Trump may...Read More

SACRAMENTO, Calif. (AP) — California became the first state to formally shift to an "endemic"...Read More

Cross Section

WASHINGTON (AP) — When relatives of American oil executives jailed in Venezuela met virtually with a...Read More

If knowledge is power, knowing the intimate secrets of one's DNA could be a powerful weapon. That...Read More

BEIJING (AP) — Rocks and ice, meet mobile devices and big data. The 500-year-old sport of curling...Read More

Alternate text
 
FacebookTwitterYouTube

---------- Forwarded message ---------
From: The Associated Press <morningwire@apnews.com>
Date: Fri, 18 Feb 2022, 11:07
Subject: Friday AP Morning Wire
To: <warren.a.lyon@gmail.com>



Comments

Popular Posts

THE DAILY TELEGRAPH & FLEET STREET FINANCIAL DISPATCH LONDON — SEPTEMBER 2025 — SPECIAL ECONOMIC INVESTIGATION THE ARCHITECTURE OF GLOBAL CAPITALISM AND THE MECHANICS OF UNIVERSAL DEMAND An Analytical Examination of the Post-War Industrial Order, the Fallacy of Unfettered Laissez-Faire, Mechanisation, and the State-Guaranteed System of Participatory Remuneration BY OUR SPECIAL ECONOMIC CORRESPONDENT IN FLEET STREET, Warren A. Lyon with Cheuy Leon Stephen Lam Tom. LONDON — In the tenth year following the cessation of European hostilities in 1955, as the Western world navigates the transition from wartime economic controls to the mid-century industrial consensus, thoughtful observers in Fleet Street, Westminster, and the City must confront a fundamental problem of political economy. The modern capitalist apparatus—stretching across the United Kingdom, the Commonwealth, North America, and Western Europe—operates upon a single, immutable law: the imperative equilibrium between Supply and Demand. Yet, despite the vast expansion of mechanized production, factory automation, and electronic computation, our financial architectures continue to suffer from a crippling structural defect: the systemic failure to guarantee requisite consumer purchasing power (ability to pay/ATP) across the whole of the populace. I. THE LESSONS OF THE POST-WAR CONSCIOUSNESS: SUPPLY, DEMAND, AND THE ELECTRIC CIRCUIT To comprehend the crisis of modern industrial organization, one must discard the antiquated Victorian dogma that human existence is defined solely by manual toil. Under the classical doctrine of laissez-faire, labour was treated as an elastic commodity, hired when factories required muscle and cast aside into poverty when machines replaced handiwork. In an age dominated by automatic machinery, conveyor systems, and early electronic computing, such a doctrine is not merely obsolete; it is actively destructive to the civic health of the realm. Consider the macro-economic structure as an electrical power grid carrying a constant current of thirty amperes. Under a rational and balanced order, this current is bifurcated equally along two parallel conductors: fifteen amperes are directed to energise the lamp of Industrial Supply (the manufacturing apparatus, capital investment, and technological innovation), while the remaining fifteen amperes flow uninterrupted to power the lamp of Demand—the Ability to Pay vested within the consumer public. In an unregulated laissez-faire system, however, an artificial blockage is introduced along the conductor powering Consumer Demand. It acts as a deliberate obstruction—resembling a corkscrew jammed into the brass fittings of a ship's engine room. The electrical energy, unable to reach the lamp of Demand, encounters extreme resistance; heat builds rapidly within the circuit, insulation scorches, and the entire socio-economic edifice is threatened with catastrophic conflagration. Energy in an economic system, like energy in physics, is never destroyed; if it is denied its proper outlet in legitimate consumer spending, it manifests as market collapse, civil unrest, shoplifting, and social decay. Click here.