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Weekend Reads 10/5/19

The good news is the same as the bad news: This market looks just like 1998

“Similar to 1998, where stocks rallied for 18 months (advancing 68%) from the cyclical low to the point of maximum public bullishness, the 3/2000 ‘Tech Bubble Top,’” Emanuel explained in a note, “we expect the current four-month S&P 500 trading range to resolve with new all-time highs as the prospect of higher interest rates... results in fund flows to stocks and the public’s eventual embracing of the ‘most hated bull market of all-time.’” The downside: We all remember — or should — what happened in the aftermath of that “point of maximum public bullishness.”

Refusal of Interracial Couple Shows How Slippery the Slope of LGBTQ Refusal Really Is

As the Christian right, bolstered by evangelical donors and the Trump administration, continues to undermine justice for LGBTQ people through religious exemptions based on a narrow theology, rhetoric like that of the Mississippi wedding hall owner gives one pause for thought. In states where same-sex marriages neither need to be solemnized nor honored, are interracial marriages far behind? And if people like Donna Russell believe their refusal to honor interracial marriages is rooted in faith how solid is the holding in Loving?

Why Ajit Pai’s “unhinged” net neutrality repeal was upheld by judges

The case at the US Court of Appeals for the District of Columbia Circuit turned on the FCC's decision to reclassify broadband as an information service instead of as a telecommunications service. Telecommunications services are regulated under common-carrier laws, which provided the legal basis for net neutrality rules. The act of reclassifying broadband as an information service deregulated the broadband industry and removed the legal underpinning for the net neutrality rules.

This Is the Moment Rachel Maddow Has Been Waiting For

Maddow does not administer beat-downs or deliver epic rants. She is not a master of the sound bite. Instead, she carries her viewers along on a wave of verbiage, delivering baroque soliloquies about the Russian state, Trump-administration corruption and American political history. Her show’s mantra is “increasing the amount of useful information in the world,” though the people who watch it do not exactly turn to it out of a need for more information. They already read the papers and scroll through Twitter all day. What Maddow provides is the exciting rush of chasing a set of facts until a sane vision of the world finally comes into focus.

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