‘They have dollars, we have God’

Recep Tayyip Erdoğan is a Turkish 

politician serving as President of Turkey 

since 2014. He previously served as 

Prime Minister from 2003 to 2014 

and as Mayor of Istanbul 

from 1994 to 1998. Wikipedia

Said: Turkish President Recep Tayyip Erdogan calling on his people to trust God during a rallying call to supporters in the Black Sea province of Rize on August 10. He said, "Today we are better than yesterday, tomorrow we will be better than today. You do not need to worry at all. Various manipulations were running. You shouldn't pay attention to those manipulations. Don't forget that, if they have their dollars we do have our people, we do have our God." 

Erdogan was pointing in Washington’s direction when he said “they have dollars, we have God.”

The exchange rate is around 6.6 liras for one dollar, and 7.5 liras for a euro, compared to 3.5 liras for one dollar and 4.1 liras for one euro in August last year.

Politico, in its July 14 post titled "Europe watches as Turkey burns" has indicated that Turkey's current crisis is the result of years of loose fiscal and monetary policies and is almost entirely of Erdoğan’s own making. 

Another observation made in this article points out that "a big part of what makes the situation so dangerous for Turkey is that Erdoğan is the only one with the power to fix things. He is unlikely to do so in the near term."

Instead of pursuing a compromise in his standoff with the Trump administration over Turkey’s imprisonment of an American pastor, Erdoğan is digging in his heels, signalling this week that he’s prepared for “war.” On Tuesday he said Turks would boycott iPhones and other American electronics. He also lashed out at domestic critics of Turkey, calling them “traitors” and “economic terrorists.” (Politico)

Erdoğan has already announced ‘boycott’ of American electronics, according to the latest reports.

Read the full article of Politico here.

“I’m a low-key understated guy but that should not be mistaken for what my spine is made of - so I’ll just leave it at that."

Christopher Wray

Said FBI Director Christopher Wray when asked if he’d threatened to quit his post at any point, in a question-and-answer session at the Aspen Security Forum in Colorado, reported Bloomberg.

Here are the highlights of what else Director Wray opined:

1. Mueller investigation is NOT a “witch hunt.” I think it’s a professional investigation conducted by a man that I’ve known to be a straight shooter.
2. I stand by the assessment of U.S. intelligence agencies that Russia acted - and continues to act - to interfere in American politics.
3. Russia is “by far the most aggressive actor” trying to disrupt U.S. society and continues to engage in “malign influence operations” aimed at sowing discord and divisiveness.

Asked if he’d threatened to quit his post at any point, Wray said, “I’m a low-key understated guy but that should not be mistaken for what my spine is made of -- so I’ll just leave it at that."

Read the full article here.

Also the video of the event below.

“You can almost see the picture of Snowden in handcuffs being dragged into Air Force One"

Said Prof. Geoffrey Stone of the University of Chicago Law School as per an article titled "Trump-Putin summit mystery: What about Snowden?" written by Stephanie Murray in today's Politico.

Murray notes that as a candidate, Trump “guarantee[d]” he would bring home the infamous National Security Agency whistleblower. But as president, however, he has shown no desire to bring Snowden back. Murray in his article writes "some experts think handing over Snowden would be an easy way for Putin to do Trump a favor — giving the president a victory that would especially please intelligence and national security officials angry he hasn’t done more to counter Russian election meddling. Before Trump was sworn in in January 2017, former Deputy CIA Director Michael Morell wrote that handing over Edward Snowden would be “the perfect inauguration gift” from Putin to Trump."

Source: sputniknews.com

“If Trump wants this as a victory then I don’t see why Putin wouldn’t give it to him. If Putin wants to either do a favor for Trump or make Trump look good, and if Trump wants this, it would be an easy thing for Putin to do. You can almost see the picture of Snowden in handcuffs being dragged into Air Force One,” Prof. Stone is reported saying.

Read the full article here.

"Capitalism is not a game where the person who dies with the most money wins. Wealth is deferred consumption, and if you die without spending your money or giving it away, then you’ve deferred that consumption a bit too much."

Source

Said: Felix Salmon, a regular Slate contributor and host of the Slate Money podcast, in his July 8, 2018 piece "Takeaway From the New Billionaires Ranking: Zuckerberg and Bezos Don’t Give Away Enough Money" in slate.com.  

Felix explains how and why 'Mark Zuckerberg Tops Warren Buffett' in the Bloomberg’s list of world’s-richest people. In the same way how Amazon's Jeff Bezos has now become richer than Bill Gates. The difference in the net worth is the result of the fact that Bill Gates and Warren Buffet are also in "the competition to give away the most money in service of making the world a better place." 

Bill Gates has donated more than 700 million shares of Microsoft since 1994 and Warren Buffett some 290 million Berkshire Hathaway B-shares since 2006 for the charity work being done throughout the world. Felix writes that if they’d simply held on to those shares instead, Bill Gates today would be some $71 billion richer having a net worth of $165 billion, making him comfortably the world’s richest man. Similarly, Warren Buffett would have about $54 billion extra to his current net worth of $81.2 billion, and he would be worth roughly $135 billion today. That’s way more than Zuckerberg.

It’s to their credit that Bill Gates and Warren Buffett aren’t in the world’s-richest-man competition, and both are quite happy to be overtaken in the richest-man stakes by others. 

"The important thing to remember is that capitalism is not a game where the person who dies with the most money wins. Wealth is deferred consumption, and if you die without spending your money or giving it away, then, assuming you’re not interested in starting a dynasty, you’ve deferred that consumption a bit too much. If Gates wanted to play the wealth-maximization game, then he would still be the world’s richest person by a comfortable margin. It’s to his credit that he isn’t playing that game, and it’s to Buffett’s credit that he’s happy to be overtaken in the richest-man stakes by Zuckerberg," Felix observes.


Read the full article here.

"In Silicon Valley, after all, math is less important than intangibles like vision. And when $1 billion can become $1.5 billion, or even $2 billion, in a manner of weeks, you’ve entered a world of abstraction".

Said: Maya Kosoff in her column titled "[“I Want No Part In It”: The Hysterical Debate Over Silicon Valley’s Next Big Thing"] in Vanity Fair of June 14. Her comment was based on the astronomical rise in the valuation of Bird, the electric-scooter start-up, from $300 million in March this year to $1 billion at the end of May and now the startup is seeking a fresh round of $200 million funding at $2 billion valuation - double the valuation in less than one month!

Maya beautifully illustrates the arguments for and against the scooter culture that is gripping the Metros like San Francisco and Los Angeles where the sudden preponderance of Bird scooters has created a cottage industry of people who collect and charge Bird scooters, known as “Bird hunters.” 

Positive:

True believers see things differently. “It’s been [over] a decade” since the Segway, another scooter-start-up investor told me of the inevitable comparison. “Plenty of things didn’t work a decade ago that work now, due to cultural shifts.” Car- and bike-sharing services have already inaugurated a new way of thinking about public and private transportation, acclimating consumers to the idea that they don’t need their own vehicles to get around. Kevin Roose, reporting for The New York Times, grudgingly admitted that electric scooters, while “kind of dorky,” are also weirdly useful, under the right circumstances. “I wanted to hate the scooters. I really did,” he wrote, before traveling to Los Angeles for work. “Tech hubris on wheels - what’s not to loathe?” Instead, he fell in love. The scooters are ubiquitous, easily discovered and unlocked via smartphone app, and driving is simple: a throttle controls the speed, which tops out at a breezy 15 miles per hour, and a hand brake brings you to a smooth stop. When you arrive at your destination, you leave the scooter wherever you like and lock it with the app.

Negative:

Indeed, the vigor expressed by Bird enthusiasts may be matched only by the company’s detractors, who have condemned the scooters as a plague, a nuisance, and even an existential danger. “It’s wheelmageddon,” one San Francisco resident told me in April. “They are everywhere . . . People are zooming past pedestrians without a single fuck to give.” 

Read Maya's full article here.

You can also watch below how this new breed of electric scooters is invading San Francisco (Courtesy: Engadget):

"Lying is second nature to Trump... Trump has the ability to convince himself that whatever he is saying is true, or sort of true, or at least ought to be true."

Said: Tony Schwartz, Donald Trump's Ghostwriter and Trump’s Art of the Deal co-author in an interview with Ari Melber of CNBC.

Screen shots from the MSNBC interview

Watch full video 

"You can’t get in trouble for what you don’t say.”

Sean Spicer

Said Former White House Press Secretary Sean Spicer commenting on the functioning of Sarah Sanders who replaced him in July last year. The comment appears in The Washington Post story on "As a willing warrior for Trump, Sarah Sanders struggles to maintain credibility."

“Sarah has done a fantastic job of keeping in line with understanding how to effectively communicate what the president’s thoughts are at any given time, recognizing that it is a very dynamic and fluid situation in many cases,” Spicer said. “What she has done is, she has realized, you can’t get in trouble for what you don’t say.”

Read the full story here.

Watch Sarah Sanders' press briefing below:

(Courtesy: PBS - a publicly funded 

American broadcaster Wikipedia)