Welcome, Guest
You have to register before you can post on our site.



Search Forums

(Advanced Search)

Forum Statistics
» Members: 858
» Latest member: eduard
» Forum threads: 4,049
» Forum posts: 30,451

Full Statistics

Online Users
There are currently 56 online users.
» 2 Member(s) | 52 Guest(s)
Bing, Google, brunt, DaveGillie

Latest Threads
How "sexism" feels from t...
Forum: Gloves Off
Last Post: brunt
1 hour ago
» Replies: 5
» Views: 1,128
well, that didn't take lo...
Forum: Politics
Last Post: DaveGillie
2 hours ago
» Replies: 2
» Views: 16
President Biden Cartoons
Forum: Politics
Last Post: mason
3 hours ago
» Replies: 54
» Views: 1,576
Da Ice Storm Rant
Forum: Markets, Money & Investing
Last Post: da bear
6 hours ago
» Replies: 19
» Views: 637
Voter Fraud Found
Forum: Politics
Last Post: aqua
9 hours ago
» Replies: 3
» Views: 75
How's your global warming...
Forum: Politics
Last Post: aqua
9 hours ago
» Replies: 19
» Views: 302
Stimulus Cartoons for 202...
Forum: Markets, Money & Investing
Last Post: aqua
9 hours ago
» Replies: 8
» Views: 640
Trump Impeachment - Take ...
Forum: Politics
Last Post: aqua
9 hours ago
» Replies: 35
» Views: 546
Leave Texas befor the bil...
Forum: Markets, Money & Investing
Last Post: aqua
9 hours ago
» Replies: 21
» Views: 489
The vendetta against Trum...
Forum: Politics
Last Post: aqua
9 hours ago
» Replies: 2
» Views: 29

  well, that didn't take long....
Posted by: andrew_o - 8 hours ago - Forum: Politics - Replies (2)

You're bombing people already. 

Biden Orders U.S. Military Strikes Against Infrastructure Used by Iranian-Backed Militias in Syria

President Joe Biden ordered his first military airstrikes on Thursday, targeting “multiple facilities” used by by Iranian-backed militia groups in eastern Syria, according to the Pentagon.

The strikes were in response to recent attacks against American and U.S.-led Coalition personnel in Iraq and to “ongoing threats” to those personnel, Pentagon Press Secretary John Kirby said in a statement Thursday evening.

Print this item

  Biden Rescinds Trump’s Apprenticeship Program
Posted by: andrew_o - 02-25-2021, 08:04 PM - Forum: Politics - No Replies

In other words, the trades guilds will be back to preventing people getting training so as to restrict competition. Nice going Joe!

Biden Rescinds Trump’s Apprenticeship Program By Executive Order

Former President Donald Trump’s apprenticeship program, aimed at empowering workers and employers and cutting governmental red tape, has been cut by President Joe Biden.

The Industry-Recognized Apprenticeship Program, or IRAP, was rescinded by Biden earlier this month by Executive Order.

“The White House is discontinuing a Trump administration workforce initiative that sought to deregulate government-funded apprenticeship programs by shifting oversight to industry groups,” Bloomberg Law reported last week.

Whereas Trump’s order directed the Labor Department to lead industry-recognized apprenticeship programs, Biden’s will “instead focus on the Labor Department’s traditional registered apprenticeships favored by organized labor—which require tougher standards for program operators—as the pathway to expand the nation’s earn-as-you-learn job-training system,” the report added.

Last month, Ivanka Trump, daughter of President Trump and former advisor, praised her father’s employment efforts, namely the IRAP.

Quote:“POTUS has invested more than $800 million for apprenticeships with more than 860,000 NEW apprentices since 2017 + created the Industry-Recognized Apprenticeship Program (IRAP) to grow apprenticeships in new and emerging fields,” Ivanka posted on Jan. 17.

“We established a public-private sector workforce policy advisory to rethink how we prepare ALL Americans for the jobs of today and tomorrow,” she added. “Together, we created a massive ad campaign to increase awareness of the multiple pathways to good-paying jobs.”

Ivanka and then-U.S. Secretary of Labor Alexander Acosta, writing at The Miami Herald, championed the program for its design in empowering workers.

“Imagine if an employer joined forces with others in its industry to develop a cashier-to-store-manager program that would empower employees to have not only a job but a career — one that would allow employees to collect paychecks while at the same time learning the skills needed to climb the career ladder,” the pair outlined.

“We live in an age of acceleration, and the skills required for today’s jobs are changing more rapidly with each passing year,” they continued. “America needs to adapt its approach to skills education and be more nimble and responsive to the pace of change across all industries. We need opportunities to empower individuals to work and learn simultaneously so that students and workers of all ages and backgrounds can earn a living — and at the same time acquire the skills that will enable them to thrive in their current and future careers.”

Biden has already signed dozens of orders and enacted rules reversing the Trump agenda. Last month, for example, Biden’s Department of Health and Human Services (HHS) froze executive actions from his predecessor designed to significantly lower prescription drug prices for Americans, including insulin and epinephrine.

The new administration will apparently re-evaluate the executive action from President Donald Trump toward the end of March. It remains unclear if it will be reinstated.

“The HHS Thursday froze the former Trump administration’s December drug policy that requires community health centers to pass on all their insulin and epinephrine discount savings to patients,” Bloomberg Law reported. “Centers that don’t pass on the savings wouldn’t qualify for federal grants.”

“This freeze is part of the Biden administration’s large-scale effort announced this week that will scrutinize the Trump administration’s health policies,” the report added. “If the previous administration’s policies raise ‘fact, law, or policy’ concerns, the Biden HHS will delay them and consult with the Office of Management and Budget about other actions.”

Print this item

  The vendetta against Trump
Posted by: andrew_o - 02-25-2021, 07:05 PM - Forum: Politics - Replies (2)

Not content with election fraud, they're now pursuing him through the courts in New York.

This is an abuse of the legal process as I see it. Trump's tax affairs rest solely with him, his lawyers and the IRS.

> Politically inspired by a political hack DA

> They will use public money to fund these attacks while he must use his own funds to defend himself

> They will get guaranteed PR because of the massive media bias

> Who knows, they may even get a win if they select a suitably biased jury

> It's an attack against both him and his voters

Viewed from the outside, you'd think this was happening in China or Russia. Terrible!

Print this item

  It's almost like they know something
Posted by: andrew_o - 02-25-2021, 06:52 PM - Forum: Politics - No Replies

Democrats Call On Biden To Relinquish Sole Authority Over Nuclear Strikes

More than 30 Democratic representatives are calling for President Joe Biden to give up his sole authority to order the launch of nuclear weapons.

The group of Democratic House members, led by Rep. Jimmy Panetta (D-CA), signed a letter to addressed to Biden on Monday calling on him to reform the procedure by which the use of a nuclear weapon is approved. The 31 lawmakers suggested several reforms that would include more people in the decision process.

Quote:“As president, two of your most critical and solemn duties are the security of the country and the safeguarding of its nuclear arsenal. You alone possess the authority to order the use of nuclear weapons, which assures that nuclear weapons remain under civilian control,” the letter states. “However, vesting one person with this authority entails real risks. Past presidents have threatened to attack other countries with nuclear weapons or exhibited behavior that caused other officials to express concern about the president’s judgment.”

“While any president would presumably consult with advisors before ordering a nuclear attack, there is no requirement to do so,” the letter adds. “The military is obligated to carry out the order if they assess it is legal under the laws of war. Under the current posture of U.S. nuclear forces, that attack would happen in minutes.”

The letter goes on to suggest several reforms to the process of approving the use of a nuclear weapon. Each suggested reform would make the approval of others outside of the president also necessary before any launch order could be given.

Print this item

  Fines Retailers For Separate Boy & Girl toy Depts
Posted by: andrew_o - 02-25-2021, 04:44 AM - Forum: Politics - No Replies

More Looney tunes from the Democrats:

California Bill Requires ‘Gender Neutral’ Stores, Fines Retailers $1000 For Having Separate ‘Boy’ And ‘Girl’ Toy Departments

California’s Assembly is slated to consider a new bill requiring department store childrens’ sections to be largely “gender-neutral” in order to combat “prejudice” and “judgment” against gender non-conforming children.

“Large retailers that sell toys, clothes, and other children’s items in California would have to devote floor space to merchandise marketed to both boys and girls under a new bill,” Politico reported earlier this week. “Stores would be able to sell the same products they do now as long as they maintain some areas where shoppers can find all toys or clothes, regardless of gender-based marketing, under CA AB2826 (19R) from Assemblyman Evan Low (D-Campbell). It would apply to department stores with 500 or more employees beginning in 2023.”

Lowe told Politico that the idea for the bill, which he also introduced last year to little effect, came from one of his staffers, who claims her daughter wanted an item in the “boys” section but felt slighted because she felt the toy was designated for a male child.

“This is an issue of children being able to express themselves without bias,” Lowe told the outlet.

“Keeping similar items that are traditionally marketed either for girls or for boys separated makes it more difficult for the consumer to compare the products and incorrectly implies that their use by one gender is inappropriate,” the text of the bill notes.

Print this item

  Crowder goes looking for voters addresses
Posted by: andrew_o - 02-25-2021, 12:48 AM - Forum: Politics - No Replies

The whole thing is over an hour - very funny and well worth watching - but the bit about nonexistent addresses starts at around 25mins in.

Print this item

  You thought Covid 19 was bad? Try this!
Posted by: andrew_o - 02-24-2021, 06:48 PM - Forum: Misc - Replies (2)

Ancient relic points to a turning point in Earth's history 42,000 years ago

[Image: 602ea836c2f9d.jpg]
El Castillo cave, Spain - the red dots in the center of this image are the oldest cave art known for Europe and were made almost 42,000 years ago. The red ochre handprints are a common motif – and are suggested to represent the use of an ancient form of sunscreen. Credit: Paul Pettitt, Gobierno de Cantabria

The temporary breakdown of Earth's magnetic field 42,000 years ago sparked major climate shifts that led to global environmental change and mass extinctions, a new international study co-led by UNSW Sydney and the South Australian Museum shows

This dramatic turning point in Earth's history—laced with electrical storms, widespread auroras, and cosmic radiation—was triggered by the reversal of Earth's magnetic poles and changing solar winds.

The researchers dubbed this danger period the 'Adams Transitional Geomagnetic Event', or 'Adams Event' for short—a tribute to science fiction writer Douglas Adams, who wrote in The Hitchhiker's Guide to the Galaxy that '42' was the answer to life, the universe, and everything.

The findings are published today in Science.

"For the first time ever, we have been able to precisely date the timing and environmental impacts of the last magnetic pole switch," says Chris Turney, a professor at UNSW Science and co-lead author of the study.

"The findings were made possible with ancient New Zealand kauri trees, which have been preserved in sediments for over 40,000 years.

"Using the ancient trees we could measure, and date, the spike in atmospheric radiocarbon levels caused by the collapse of Earth's magnetic field."

While scientists already knew the magnetic poles temporarily flipped around 41-42,000 years ago (known as the 'Laschamps Excursion'), they didn't know exactly how it impacted life on Earth—if at all.

But the researchers were able to create a detailed timescale of how Earth's atmosphere changed over this time by analysing rings on the ancient kauri trees.

"The kauri trees are like the Rosetta Stone, helping us tie together records of environmental change in caves, ice cores and peat bogs around the world," says co-lead Professor Alan Cooper, Honorary Researcher at the South Australian Museum.

The researchers compared the newly-created timescale with records from sites across the Pacific and used it in global climate modelling, finding that the growth of ice sheets and glaciers over North America and large shifts in major wind belts and tropical storm systems could be traced back to the Adams Event.

One of their first clues was that megafauna across mainland Australia and Tasmania went through simultaneous extinctions 42,000 years ago.

"This had never seemed right, because it was long after Aboriginal people arrived, but around the same time that the Australian environment shifted to the current arid state," says Prof. Cooper.

The paper suggests that the Adams Event could explain a lot of other evolutionary mysteries, like the extinction of Neandertals and the sudden widespread appearance of figurative art in caves around the world.

"It's the most surprising and important discovery I've ever been involved in," says Prof. Cooper.

[Image: ancientrelic.jpg]
Using an ancient kauri tree log from Ngāwhā, New Zealand, scientists have dated the timing and environmental impacts of the last magnetic pole switch. Credit: Nelson Parker (nelsonskaihukauri.co.nz)

The perfect (cosmic) storm

The magnetic north pole—that is, the direction a compass needle points to—doesn't have a fixed location. It usually wobbles close to the North Pole (the northern-most point of Earth's axis) over time due to dynamic movements within the Earth's core, just like the magnetic south pole.

Sometimes, for reasons that aren't clear, the magnetic poles' movements can be more drastic. Around 41,000-42,000 years ago they swapped places entirely.

"The Laschamps Excursion was the last time the magnetic poles flipped," says Prof. Turney. "They swapped places for about 800 years before changing their minds and swapping back again."

Until now, scientific research has focused on changes that happened while the magnetic poles were reversed, when the magnetic field was weakened to about 28 percent of its present-day strength.

But according to the team's findings, the most dramatic part was the lead-up to the reversal, when the poles were migrating across the Earth.

"Earth's magnetic field dropped to only 0-6 percent strength during the Adams Event," says Prof. Turney.

"We essentially had no magnetic field at all—our cosmic radiation shield was totally gone."

During the magnetic field breakdown, the Sun experienced several 'Grand Solar Minima' (GSM), long-term periods of quiet solar activity.

Even though a GSM means less activity on the Sun's surface, the weakening of its magnetic field can mean more space weather—like solar flares and galactic cosmic rays—could head Earth's way.

"Unfiltered radiation from space ripped apart air particles in Earth's atmosphere, separating electrons and emitting light—a process called ionisation," says Prof. Turney.

"The ionised air 'fried' the Ozone layer, triggering a ripple of climate change across the globe."

Into the caves

Dazzling light shows would have been frequent in the sky during the Adams Event.

Aurora borealis and aurora australis, also known as the northern and southern lights, are caused by solar winds hitting the Earth's atmosphere.

Usually confined to the polar northern and southern parts of the globe, the colourful sights would have been widespread during the breakdown of Earth's magnetic field.

"Early humans around the world would have seen amazing auroras, shimmering veils and sheets across the sky," says Prof. Cooper.

Ionised air—which is a great conductor for electricity—would have also increased the frequency of electrical storms.

"It must have seemed like the end of days," says Prof. Cooper.

The researchers theorise that the dramatic environmental changes may have caused early humans to seek more shelter. This could explain the sudden appearance of cave art around the world roughly 42,000 years ago.

"We think that the sharp increases in UV levels, particularly during solar flares, would suddenly make caves very valuable shelters," says Prof. Cooper. "The common cave art motif of red ochre handprints may signal it was being used as sunscreen, a technique still used today by some groups.

"The amazing images created in the caves during this time have been preserved, while other art out in open areas has since eroded, making it appear that art suddenly starts 42,000 years ago."

Uncovering ancient clues

These findings come two years after a particularly important ancient kauri tree was uncovered at Ngāwhā, Northland.

The massive tree—with a trunk spanning over two and a half metres—was alive during the Laschamps.

"Like other entombed kauri logs, the wood of the Ngāwhā tree is so well preserved that the bark is still attached," says UNSW's Dr. Jonathan Palmer, a specialist in dating tree-rings (dendrochronology). Dr. Palmer studied cross sections of the trees at UNSW Science's Chronos 14Carbon-Cycle Facility.

Using radiocarbon dating—a technique to date ancient relics or events—the team tracked the changes in radiocarbon levels during the magnetic pole reversal. This data was charted alongside the trees' annual growth rings, which acts as an accurate, natural timestamp.

The new timescale helped reveal the picture of this dramatic period in Earth's history. The team were able to reconstruct the chain of environmental and extinction events using climate modelling.

"The more we looked at the data, the more everything pointed to 42," says Prof. Turney. "It was uncanny.

"Douglas Adams was clearly on to something, after all."

An accelerant like no other

While the magnetic poles often wander, some scientists are concerned about the current rapid movement of the north magnetic pole across the Northern Hemisphere.

"This speed—alongside the weakening of Earth's magnetic field by around nine percent in the past 170 years—could indicate an upcoming reversal," says Prof. Cooper.

"If a similar event happened today, the consequences would be huge for modern society. Incoming cosmic radiation would destroy our electric power grids and satellite networks."

Print this item

  Nothing Much to change under Biden
Posted by: aqua - 02-24-2021, 02:50 PM - Forum: Politics - Replies (1)

Shy Shy  Michael Hudson seems to thing nothing much will change with Biden as President.

I shorten it up, because it is rather long.


Michael Hudson Discusses the Economic Winds of [Non] Change Under Biden on Radical Imagination
Posted on February 24, 2021 by Yves Smith
Yves here. Michael Hudson describes the fealty of Biden and the Democratic party to neoliberal policies and how, as Biden himself said, nothing fundamental will change. Hudson agrees nothing much will improve for ordinary citizens as long as the current Democratic party is calling the shots. He lays out a way to tackle rentierism by promoting building of moderate-priced homes and setting strict terms for FHA mortgages.

Jim Vrettos:   We’re waiting to see how the rhetoric of the new Biden administration will play out in actual policies.
Hudson: Biden’s long political career has been right-wing. He’s the senator from Delaware, the country’s most pro-corporate state – which is why most U.S. corporations are incorporated there. As such, he represents the banking and credit-card industry. He sponsored the regressive bankruptcy “reform” written and put into his hands by the credit-card companies. As a budget hawk, he’s rejected MMT, and also “Medicare for all” as if it is too expensive for the government to afford – thereby making the private sector afford to pay 18% of US GDP for health-insurance monopolies.

Hardly by surprise, Biden has chosen cabinet members as corporate lobbyists, including the new Secretary of Defense. And on February 9 he invited Jamie Dimon and other business leaders to the White House and asked them what they recommended. These billionaires said that they didn’t need $1.400, so why should anyone else? They pretended that spending money might cause inflation – yet we are in the midst of debt deflation and falling disposable income for most families.

Biden’s prejudices are why the Democratic National Committee pushed him as their candidate over Sanders, and why Rep. Jim Clyburn made his pharmaceutical industry backers happy by pushing Biden over the top in South Carolina, delivering the black vote in that state’s big primary.

What amazes me is the ability to attract this vote despite the degree to which Biden has sponsored legislation that hurts blacks and other minorities: his cutbacks in welfare spending, his anti-crime laws falling mainly on the black community, his bankruptcy laws, and of course his denial of universal public medical care to that part of the population with the highest death rates, shortest lifespans and worst medical care.

He has tried to cover up this history by appointing Neera Tanden as head of the budget, claiming that she’s a progressive presumably simply because she’s non-white. Yet she’s a leading opponent of Bernie Sanders’ Medicare for All proposals.

In our polarized economy, wages have stagnated since 1971 – home ownership rates have fallen as foreclosures, evictions and homelessness have jumped dramatically during the 2020-2021 Covid pandemic.
The big decline in home ownership was the result of Obama’s double-crossing his campaign promises by bailing out the banks and leaving all the junk-mortgage debts and other fraudulent loans on the books. This led to foreclosures and evictions of about 9 million American families, most of them Hispanic and black. Home ownership rates plunged from 68 to 61 percent of the population (an enormous and rapid 10% drop).

The covid epidemic is leading to enormous arrears mounting up – for renters and for mortgage debtors. Evictions have been suspended by moratoriums that expire in March or April, and unpaid mortgages have been added onto later due dates (with appropriate penalties making this remunerative for the banks).

So the question is whether Biden can outdo Obama in reducing U.S. home ownership rates by another 10% — say, to just 56% of the population.

Let’s look at what could be done – today and a decade ago. Obama and Biden COULD have written down the junk mortgages to realistic market prices (and thrown the mortgage brokers and bankers in jail for fraud). Instead, they supported the fraudsters against the voters who had been promised “hope and change.” Most of the millions of foreclosed homes were bought by absentee owners and turned into rental property. Companies such as Blackstone were major players. The evicted families entered the rent market – and U.S. rent charges have soared. So consumer income has been spent much more on real estate, finance and insurance than for goods and services.

It’s most severe and unstable at the bottom of the housing market where tenants who have lost jobs have amassed $11 billion in rental arrears — a broader measure which includes all delinquent renters puts the number at $53 billion.

There are two kinds of results. The first will be an enormous accrual of back-rent debts and mortgage arrears to be paid off. For commercial businesses such as restaurants, these arrears are so large that they probably will choose to go out of business rather than paying all the profits for the next few years to their landlords.

Unless these debts are written down, most of the population is too debt-strapped to buy goods and services. So corporate profits can come only from rising prices, or getting government subsidy,

A second result is going to be a rise in homelessness in many cities. Entire camps of evictees will be forming in tents, perhaps in the major parks – or on the subways as in the past.

Many properties will be sold – yet housing prices are still rising......

In a recent N.Y. Times piece, David Leonhardt raises the question of why the U.S. economy has fared so much better under Democratic presidents than Republicans? In fact, he argues the gap is “startlingly large” when one measures annual growth rate, Gross Domestic Product growth rate, jobs, incomes, productivity – even stock prices.

Well, the New York Times has been the leader in “fake news,” not least for its support of real estate and financial interests, and of the Democratic Party.

The focus on growth rates as measured by GDP is a travesty of reality. Since 2008, GDP for 95% of Americans has actually declined. We are still in the Obama Depression – that was the state of affairs when the covid-19 crisis hit. Pavlina Tcherneva at the Levy Institute at Bard College has produced the statistics.

When debtors fall behind and have to pay penalty interest rates to banks and credit card companies, this is counted as an “increase in GDP,” classified as “financial services.” As if the banks are providing a service by charging higher fees to indigent debtors who are unable to keep current on their living costs.

About 7% of GDP is hypothetical “homeowners rental value” – what homeowners would have to pay themselves if they rented out their homes to themselves as tenants. As rents have risen (largely by absentee owners who bought homes that were foreclosed), this increases GDP. It leaves out minority owners, whose home ownership rate is much lower than that of whites.

What The New York Timesand others looking at GDP leave out of account is how unequal the distribution of wealth and income have become since 2008, and indeed since the 1980s. Economists are now talking about a K-shaped recovery: up for owners of stocks and bonds (about One Percent of the population owns something like 80 percent of these securities), and real estate. But wage earners are being squeezed. The “recovery” is not a recovery for them. It’s a boom for the wealthy, for the rentierclass, mainly in the Finance, Insurance and Real Estate (FIRE) sector.....

Central to Biden and America’s neoliberal vision of world order is an economic philosophy of privatization and financialization. How do you think this will play itself out in the Biden administration’s foreign and economic policy of military spending and arms sales and use of military threats and force if necessary, to enforce U. S. international dominance and technological hegemony?

Biden has spent his career defending the financial sector, and its leading policy is to privatize basic infrastructure. That means blocking governments from providing basic services at cost or on a subsidized basis – education, health care, roads and communications. Yet that is how America became the leading industrial economy from the late 19thcentury onward. Financialization and privatization have left it a high-cost economy, uncompetitive in world markets. that is why the economy is de-industrialized.

Privatized and financialized economies are high-cost. America spends 18% of its GDP on health care – far more than any other country. And then there is the military budget. A year ago January, Bidenwrote an article in Foreign Affairsin January 2020 promising that his incoming “foreign policy agenda will place the United States at the head of the table.”[1]

So what is he going to lead? He’s already said that he’s not going to negotiate with Iran, but to keep the Trump administration policies in place. He’s appointed neocon hawks to leadership positions, especially Victoria Nuland and other anti-Russians. Biden seems to want to use sanctions to isolate countries he sees as rivals or enemies – which is turning out to be a rising share of the world’s population, from Russia and China to Venezuela and Iran.....

The looming global fracture is becoming a fight against the most basic organizing principles of economies throughout history. All successful economies have been mixed. And to promote survival and prosperity, it is necessary to subordinate private gain-seeking to public objectives benefitting the 99 Percent, not just the One Percent.

That isn’t Biden’s policy or any other Democratic or Republican policy.

You see a basic conflict between financialized rentiereconomies and democratic-socialist ones that seek to promote public objectives benefiting the 99 percent, not just the one percent.
Privatized economies are high-cost economies. This is mainly because basic infrastructure is a natural monopoly: roads and other transport, communications, the post office. When they are privatized, they are run for a profit – consisting mainly of monopoly rent, over and above normal profits, plus capital gains as these rentier claims are capitalized into stocks and bonds at rising prices.

The policy of American industrial capitalism in the 19thcentury is the same as that of socialism: to minimize the cost of living and doing business. Privatization is largely responsible for de-industrializing the U.S. economy. While leaving 95 or 99 percent of the population to stagnate, it has been a bonanza for the 5 to 1 percent.

Could you expand on what you mean by that conflict and where you see the Biden administration heading on it?
The conflict often is put by juxtaposing Wall Street to Main Street – that is, the FIRE sector to the industrial goods-and-services economy. Wall Street’s objective is to increase wealth. This is done largely by capital gains, not by hiring workers to produce more goods and services – such investment is done mainly abroad by today’s multinational firms.

How does the $1.9 trillion stimulus aid package fit into this debate?
I don’t think you should call it a “stimulus.” It’s disaster relief. The idea is to catch up. The aim should be to at least put the economy back where it was before – that is, still in the Obama Depression.

What WAS a “stimulus” was the $6 to $8 trillion created by the Federal Reserve t buy stocks and bond, including junk bonds, to fuel the Wall Street boom. That is the essence of the K-shaped recovery. Rising prices for wealth, falling wages and net disposable income for living labor, after deducting the payments to the FIRE sector that families have to pay off the top – rent and debts, medical insurance contributions, FICA paycheck withholding (the most regressive tax), and monthly payments to privatized utility monopolies.

The $1.9 trillion checks of $1,400 or $2,00 actually should be sent out monthly, not part time. Europe pays its laid-off work force 80 percent of their normal wages, so that they will not be plowed under by the covid shutdowns.

There’s profound disagreement about how to handle increased bankruptcies here and in Europe.
Biden himself is largely responsible for the bankruptcy problem. He was the politician who steered the regressive bankruptcy reform through Congress, making it harder for low-income families to wipe out their debts – and making it impossible to wipe out student debt through bankruptcy.

In that sense, he “owes” it to the economy to make up for his opportunistic water-carrying for his campaign backers in corporate-run Delaware.

Will he do it? Can he do it? He’s a deficit hawk, and has appointed deficit hawks such as Neera Tanden to his cabinet. He also promised that “nothing will change.” This is just how the Obama administration was run (demagogically running on a slogan of “hope and change”). So will Biden be Trump 2.0 or Obama 3.0? It really doesn’t matter much. Because both Obama and Biden were basically Republicans running with a different ethnic profile for the voters that they delivered to their campaign contributors.

Chapter 11 bankruptcy filings in the U.S. rose in the third quarter to the highest level since the 2010 financial crisis.  In the last week 900,000 Americans have filed new unemployment claims.
John Williams’ Shadow Statistics puts the real unemployment rate at 20 percent. Many people have dropped out of the work force, as no jobs are available, at least, no jobs for them.

The rent moratorium has enabled many unemployed or low-income workers to remain in their homes. If they’re evicted and become homeless, how can they work? The real crisis is scheduled to fall in March and April. Small businesses such as restaurants and stores will give up and close.

Europe has been more receptive in extending national programs to keep troubled businesses afloat, but there too a sharp debate exists as to whether a strategy of protecting businesses and workers “at all costs” will cement a recovery or whether it will leave economies less competitive and more dependent on government aid when the pandemic recedes.

Europe and other countries are trying to avoid disaster. U.S. policy is to see disaster as an opportunity. It’s easier to make fortunes in a disaster than in normal times, at least if you are wealthy, liquid and have access to bank credit to buy up distressed businesses and properties.......

Print this item

  NIGHTMARE Interview for Kamala Harris
Posted by: andrew_o - 02-22-2021, 07:14 PM - Forum: Politics - No Replies

Start at 2.30

Endless ducking & diving because in the final analysis she won't confront the teachers unions

The CDC's science based approach is that it's safe to open schools, yet she struggles with that fact.

Print this item

  Biden's lies
Posted by: andrew_o - 02-22-2021, 06:47 PM - Forum: Politics - No Replies

You thought the last guy was a liar?

Try this:

‘Verbal stumble’ or blatant lie? Biden says US had no vaccine when he took office as new admin criticizes Trump’s jab rollout

[Image: 602cacf22030276bce6cbe48.JPG]

U.S. President-elect Joe Biden receives his second dose of a Covid-19 vaccine at ChristianaCare Christiana Hospital in Newark, Delaware, US, January 11, 2021.

Joe Biden, who was fully vaccinated before his inauguration, has been accused of playing loose with the facts after stating that there was no Covid-19 shot when he entered office. But some insist it was a harmless verbal slip.

Speaking with CNN’s Anderson Cooper at a town hall event on Tuesday, the US president explained in a rather disjointed way that the United States lacked both vaccines and health workers capable of administering them when he moved into the White House last month.

“The biggest thing though…it’s one thing that the vaccine, which we didn’t have when we came into office, but a vaccinator. How do you get the vaccine into someone’s arm?” he said.

The only problem: Both the Moderna and the Pfizer/BioNTech vaccines were given emergency use authorization by the US Food and Drug Administration before Biden was sworn in on January 20. In fact, Biden himself received his first dose of the Pfizer vaccine on December 21. The procedure was even televised live in an effort to reassure Americans that the drug was safe. As CNN reported, when Biden received his second dose of the drug on January 11, some nine million Americans had already been vaccinated.

Biden’s assertion that no shots were on the market at the end of January was left uncorrected by Cooper, but social media pundits were far less forgiving.

Steve Guest, a GOP operative and advisor for Senator Ted Cruz (R-Texas), accused Biden of spouting a “massive lie.” Others wondered why CNN had not fact-checked the dubious claim.

Maybe Biden was not lying. Maybe he just does not remember getting the first and second doses of the vaccine during the Trump administration? Either way, it's a big deal

So what are the latest facts?

In summary:

The Israelis were the first to complete their rollout of the Pfizer vaccine and have subsequently done a considerable amount of research on the results of it:

1. Just the first of two jabs provides a immunity in the high 90's %

2. The vaccine eliminates transmission. This is a big deal and runs contra to a lot of lies being spread on the web

3. At the vaccination rate set up BEFORE Biden took office the USA will have administered 300+ million vaccines by the end of this year.

Conclusion - it will be all over this year and anyone suggesting you might need to wear a mask in 2022 is trying to control you.

Print this item