Sorry for the late links this week, but Squarespace has been absolutely horrible with Safari lately. My last 4-5 blogs have been almost fully written before crashes wiped them out.
Jonathan Pollard is a traitor. It does not matter who you betray our nation to — friend or foe — if you betray us, you deserve to spend the rest of your days in prison. I’ve already written about how ridiculous it was to have his sentence commuted, but this past week brought news that
Jonathan Pollard is contesting his parole
Namely, he wants to be able to go to Israel, the country he sold secrets to. Since we’re a nation of immigrants, virtually every American has an additional allegiance beyond our country. I’m naturally sympathetic to Ireland. My girlfriend to Britain and Armenia. And friends to Germany, Italy, Japan, China, Korea and elsewhere. But as long as we hold a US passport, that obligation trumps all others. If you do not see your commitment to the United States above that to any other nation, you ought to consider where you want to be a citizen.
Lessons from Dabiq
The Islamic State’s publication, Dabiq, offers a candid view of how they see themselves. Since it is published in English, anyone can spend some time to learn how terrifyingly off-base much of our strategy toward ISIS is (including the laughable assertion that calling them Daesh will help defeat them). They embrace their brutality and the fatality of their struggle. This fight will be long — and only made longer by our inability to grasp what we are fighting.
Finance’s coming Uber moment
Any market with high consumer dissatisfaction is ripe for disruption. If you don’t like who you’re doing business with, you’ll always be more likely to try someone new. That’s the lesson coming soon for banking, where the overwhelming number of people do not like their current institution (count me in — after years as a thrilled Commerce customer, I’ve seen my service, happiness and loyalty evaporate with TD). The ex-CEO of Barclays predicts the moment of disruption for banking has already begun, and will hammer large banks with job losses and decreased profitability in the coming years.