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  Multiculturalism Is Mainstream
Posted by: andrew_o - 9 hours ago - Forum: Politics - Replies (1)


Memo to the Washington Post: In Europe, Criticism of Multiculturalism Is Mainstream

worth a read

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Smile Cartoon of the day for Aqua
Posted by: StingingNettle - Yesterday, 05:11 PM - Forum: Politics - Replies (1)

[Image: 889718926139469824]

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  Mike Pence VP Cartoons
Posted by: aqua - Yesterday, 02:29 PM - Forum: Politics - No Replies

With a possible new occupant arriving in the oval office in the near future, maybe we need to look at Mike Pence?

[Image: 08-29-Ax-EditToon-Arpaio-Pardon-1024x727.jpg]
[Image: 35547429001_5556998919001_5556988261001-...quality=10]

[Image: cg599d0eb4e6f10.jpg]

[Image: mike-pence-and-barron-trump-as-they-prep...187839.png]
[Image: Vice+presidents+meme+presidents_059efa_6194823.jpg]
[Image: 0add78b3f7861296-420x400.png]

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  Want to fix the #MeToo problem? Start with eliminating abstinence-only sex education
Posted by: ModestProposals - Yesterday, 02:49 AM - Forum: Gloves Off - Replies (1)

But Barrica said abstinence-only education puts the burden of consent almost exclusively on women, creating a culture of shame that keeps abuse hidden. “As a kid, I was taught that men would try to get sex from me, and my job was to say no,” Barrica said. “When we teach girls that their job is to say no, it places the blame on us when we ‘fail’ — meaning we are less likely to report such violations. That internal shame is something predators count on.”

The U.S. government has spent about $2 billion on abstinence-only sex education programs in the past two decades, according to reproductive health nonprofit the Guttmacher Institute.

These government-sanctioned programs have very little proof of being effective, said James Hamblin, a lecturer on preventative medicine at Yale University’s School of Public Health. “Sex is never 100% going to be without risks of all sorts, from unwanted pregnancies to sexually transmitted infections,” Hamblin said. “The whole question is how you minimize harm and the conclusive evidence shows by avoiding talking about these issues you actually make them worse.”

Evidence shows teens are more likely to delay sex and have healthy, responsible and mutually consensual relationships when they do become sexually active if they are given comprehensive, rather than abstinence-only sex education, a 2010 study from Sexuality Information and Education Council of the United States (SIECUS) found.


The road to Hell is paved with good intentions.

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  Whatta deal
Posted by: aqua - 09-20-2018, 04:03 PM - Forum: Markets, Money & Investing - No Replies

LOL.  The Blackstone Group is buying a company.

They are going to finance it by having the company being purchased borrow most of the money for them.

Maybe ModestP and I should team up to buy out GM ? ? ?

Got a $1.98 somewhere to speculate with, ModestP ? ? ?


Just How Wildly Exuberant is the Junk-Credit Market?
by Wolf Richter • Sep 18, 2018 • 34 Comments
"This deal is “reminiscent of the kind of deal I would have
seen in 2006 and 2007.” They’re still blowing off the Fed.

This is considered a door-opener Leveraged Buyout (LBO): If it flies
and investors buy this $13.5 billion pile of deeply junk-rated debt today,
even riskier and bigger LBOs may fly.

It’s the fourth largest LBO since the Financial Crisis and the ninth largest of
all times in the US and Europe: Thomson Reuters Corporation is separating
its largest division, the financial information, analysis, and risk businesses,
now called “Refinitiv,” to sell a 55% stake to a group of investors led by
private equity firm Blackstone Group.

This being a “leveraged” buyout, the Blackstone consortium is making the target
company, Refinitiv, borrow in total $13.5 billion to fund most of its own buyout.
This consist of $9.25 billion in “leveraged loans” and $4.25 billion in secured and
unsecured bonds. Some pieces are denominated in dollars, others in euros. This
debt sale is being completed today.

The Blackstone Consortium will infuse $3.025 billion in cash equity. Thomson Reuters
will retain a 45% stake and will receive a special dividend from Refinitiv of
approximately $17 billion, according to Moody’s. And there are some other details involved.

Alas, Moody’s gives Refinitiv a corporate credit rating of B3, six steps into junk, considered “highly speculative.”

Moody’s also rates the loans and bonds being sold today, ranging from B2 to Caa2 for
some unsecured bonds, which is eight notches into junk, and just three notches above
default, considered “extremely speculative” (here’s my cheat sheet for corporate credit ratings categories).

Seeing strong demand for this debt, Refinitiv on Monday increased the size of the debt sale
by $1.25 billion and lowered the proposed yields on all but one piece. For investors, this means
even more risks (more debt piled on the company) at even lower yields for investors.
But hey, these are the good times.

This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007,” Scott
Roberts, head of high-yield investments at Invesco, told the Wall Street Journal. In addition
to the large amount of debt being issued, “you have a covenant package that’s extremely weak.”

OK, but weak covenants have become a pandemic. Companies issuing leveraged loans
love weak covenants, and creditors will rue the day, but for now everything flies.

The share of these so-called “covenant-lite” (“cov-lite”) loans compared to all leveraged
loans outstanding keeps setting new records. LCD of S&P Global Market Intelligence
reported today that cov-lite loans in August accounted for 78.6% of outstanding
leveraged loans, and up from 55% in mid-2014...."

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  Another sign of a bubbling top ?
Posted by: aqua - 09-20-2018, 03:28 PM - Forum: Markets, Money & Investing - No Replies

Do you need another over priced collectible to add to your collection of Beanie Babies and crypto-currencies ? ? ?  Now the speculators/promoters have another collectible from the US Mint to foist off on the gullible public.


[Image: 2018-W-25-Proof-American-Palladium-Eagle...10x381.jpg]

"The 2018-W $25 Proof American Palladium Eagle lasted less than five minutes from its Sept. 6 launch before
becoming unavailable. Its first-day sales reached 14,782 out of the possible 15,000 mintage."

It climbed a bit since to 14,796, according to the latest United States Mint sales stats. That figure will change
again and again as the U.S. Mint continues to reconcile orders. The 1-ounce, .9995 platinum coins was the
Mint’s strongest weekly seller....."

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  History Quiz
Posted by: aqua - 09-20-2018, 03:09 PM - Forum: Misc - No Replies

Gee, only 10 questions?

93% of Americans won't know all of these history facts.

There's a reason we all learn quite a lot about history in school.
After all, those who don't know history are doomed to repeat it -- at
least, that's how the saying goes.......


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  Pecker goes bad on Trump
Posted by: aqua - 09-19-2018, 04:05 PM - Forum: Politics - No Replies

So.........whatever became of that safe the National Enquirer was using to keep Trump's secrets in ?

It seems to have fallen off the radar.

"David Pecker, the publisher of the National Enquirer and longtime friend of
President Donald Trump, has been granted immunity by federal prosecutors
in their investigation into Michael Cohen, a person with knowledge of the
matter told NBC News on Thursday.

Cohen, Trump's former personal attorney, pleaded guilty Tuesday to eight

counts of tax evasion, bank fraud and campaign finance violations, including
two counts related to hush-money payments made to women that he
said he made at the direction of Trump....

he Wall Street Journal first reported the granting of immunity to Pecker. The
paper also said Pecker met with prosecutors to discuss the involvement of
Cohen and Trump in making the payment.

A spokesperson for the U.S. Attorney's Office in New York declined to comment....."


[Image: 1smiz3.jpg?1535922786]

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  Military Tribunals Coming?
Posted by: StingingNettle - 09-19-2018, 12:03 AM - Forum: Politics - Replies (1)

Armstrong notes that we have blocked the ICC from prosecuting American war criminals:


I don't think the ICC has ever charged anyone.   There is a theory going around that this is a move to prevent a white wash and we will hold our own tribunals within the U.S.

The above may make sense if we consider why there were odd questions about military tribunals during Kavanagh's hearing: 


And of course DC seems to be in panic mode as the dig up some women from 30 years ago on alleged attempted rape charges.  Where she can't remember key details, is a Democrat resister and now has the cause of the perfect grudge: 


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  I spoke to hundreds of American men who still can’t find work
Posted by: ModestProposals - 09-18-2018, 12:15 AM - Forum: Gloves Off - Replies (1)

Ten years since the financial crisis and millions of American men aren’t working.

Take Lorne, a middle-aged man in the Midwest with two degrees, who lost his job in information technology during the Great Recession (I changed all the names in this article to preserve anonymity). He hasn’t “dropped out” of the workforce, he said emphatically: “I’ve been kicked out.”


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