Many decades ago in Chicago, my favorite of several part-time student jobs was operating the “old-style” telephone switchboard at a small hospital called Forkosh Memorial. The console of coils and plugs included a mirror so operators could keep an eye on the hospital entrance, which on weekends and evenings was also monitored by an elderly, unarmed security guard named Frank. He sat at a classroom style desk near the entrance with a ledger book. Over the course of four years, on weekends and evenings, “security” at the hospital generally consisted solely of Frank and me. Fortunately, nothing much ever happened. The possibility of an attack, invasion or raid never occurred to us. The notion of an aerial bombardment was unimaginable, like something out of “War of the Worlds” or some other sci-fi fantasy.
Now, tragically, hospitals in Gaza and the West Bank have been attacked, invaded, bombed and destroyed. News of additional Israeli attacks is being reported on a daily basis. Last week, Democracy Now! interviewed Dr. Yasser Khan, a Canadian ophthalmologist and eye surgeon who recently returned from a humanitarian surgical mission at the European Hospital in Khan Yunis in Gaza. Dr. Khan spoke of bombings taking place every few hours resulting in a constant influx of mass casualties. The majority of patients he treated were children from age 2 to 17. He saw horrific eye injuries, shattered faces, shrapnel wounds, abdominal injuries, limbs severed above the bone, and traumas caused by drone launched laser guided missiles. Amid the overcrowding and chaos, health care workers tended to patients while lacking basic equipment, including anesthesia. Patients lay on the ground in unsterile conditions, vulnerable to infection and disease. Most of them also suffered from severe hunger.
Normally, a child who undergoes an amputation faces as many as twelve additional surgeries. Khan wondered who would do the follow-up care for these children, some of whom have no surviving relatives?
Or is it a sign that the remaining inflation in the system is "sticky", and going to prove harder for the Federal Reserve to get under control?
Some analysis have been warning that we may be falling into the same trap as we did in the 1970s, which saw a series of rollercoaster surges and drops in inflation until Fed Chair Paul Volker was forced to rise interest rates up to a crippling 20% to get prices under control.
Is that kind of pain possibly in our future?
To find out, we're fortunate to hear today from Michael Lebowitz, portfolio manager at Real Investment Advice. He works closely with Lance Roberts, who regular viewers see on this channel with me every Saturday.
And as inflation expectations go, so go interest rates. Michael also shares where he thinks those and bond prices are headed from here
It comes as royal experts say that his well-choreographed call for an end to the Gaza conflict showed he plans to be a hands-on King - while MPs have questioned whether King Charles knew about his son's statement before it was released.
The comment comes just the day before MPs will debate and vote on an SNP measure calling for an unqualified 'immediate ceasefire' to end the bloodshed, even if Israeli hostages are not returned.
Claire's Observations: Prince Williams has the intelligence to know precisely what is going on here, and that Israel's conflating "self defense" with "genocide" is a morally despicable move, on the part of the Israeli government. Israel has given Hamas until the start of Ramadan (the evening of Sunday, 10 March) to return all the hostages, or Rafah gets invaded, and "ethnically cleansed."
Benny Ganz made Israel's position quite clear, as reported at the independent.co.uk last Sunday:
"If by Ramadan our hostages are not home, the fighting will continue to the Rafah area," Mr Gantz, a former prime minister and part of Mr Netanyahu’s three-member war cabinet, told a conference of Jewish American leaders.
10 March... is just 18 days away from today. Many of the hostages are most probably already dead, as the medical infrastructure in Gaza has been as totally destroyed as has been humanly possible, courtesy of the IDF.
Israel has pretty much stopped listening to anything anyone in the US/UK government has to say about a cease-fire. Most British MPS and US Congressional representatives have been compromised/co-opted by the Israeli government.
And in spite of how horrific the optics here are, the Bidenistas are still providing the bombs and bullets through which Israel is committing this genocide.
But what if Israel ultimately, is, unable to win their fight against Hamas and Hezbollah militarily, even with massive US aid?!? What then?!? What happens if Israel's neighbors unite, and are supported by Russia and/or China's military?!?
Yes, Israel has nuclear weapons; but using them close to Israeli territory, means that their own people will get badly hit with fallout, and you will have massive disease and death in Israel.
Were I a US/Israeli tactician, these questions are what would be keeping me up at night.
Fani In The Hot Seat: Former Harvard Professor Warns DA Willis May Have Committed Perjury
Retired Harvard Law professor Alan Dershowitz said that Fulton County’s district attorney may have lied under oath last week during hours of testimony in court to determine whether she would be disqualified from prosecuting a case in Georgia against former President Donald Trump.
The district attorney, Fani Willis, is prosecuting a case against President Trump and more than a dozen co-defendants, alleging that they were involved in a criminal conspiracy to change the outcome of the 2020 presidential election.
Ms. Willis was grilled by defense lawyers on Feb. 15 regarding her relationship with special counsel Nathan Wade, including about when their relationship started and whether she paid Mr. Wade back for multiple vacations.
A co-defendant in the Trump case filed a motion last month that accused her of concealing the relationship and of profiting from taxpayer funds after her office paid Mr. Wade.
Defense lawyers contended that the relationship started before Ms. Willis hired Mr. Wade and that she improperly benefited from his earnings, creating a conflict of interest that should disqualify the district attorney from the case. Robin Yeartie, Ms. Willis’s former friend and co-worker, testified on Feb. 15 that she saw the two hugging and kissing before Mr. Wade was hired in November 2021.
Attorneys for the state called two key witnesses of their own on Feb. 16: Ms. Willis’s father, who said he didn’t know about his daughter’s relationship until recently, and former Gov. Roy Barnes, who testified that Ms. Willis asked him to serve as special prosecutor, testimony the attorneys used to back her claim that Mr. Wade wasn’t her first choice for the job.