"The Global Consciousness Project, also known as the EGG Project, is an international multidisciplinary collaboration of scientists, engineers, artists and others continuously collecting data from a global network of physical random number generators located in 65 host sites worldwide. The archive contains over 10 years of random data in parallel sequences of synchronized 200-bit trials every second."
Posted by Warm Southern Breeze on Friday, April 12, 2024
Free thought association…
On the third day of the eighth month in the fifth year of our LORD Ich’bin-Ein Berliner, came the jelly doughnut, a minute triceratops of a man, swimming freely in the oceans’ waters, basking in every bubble from the aerator around which the goldfish swam, as he peered outside its cavernous steel bars into the cat lounging on the spaghetti Bolognese, seeing clearly into its heart, lungs, and digestive system, while fueling the top fuel dragster from which he was born.
🤠
I don’t have opposable thumbs.
Both my thumbs have always worked in conjunction with all my other fingers, and with each other. And, they are in harmonious union with the palms… which should in no wise be conflated with date palms, Palme d’Or, iron ore, wooden oars, Cannes, Campbell’s soup cans, Andy Warhol, or else.
—————
The food we eat (that is to say, the food proffered to us in supermarkets, brands often advertised on teevee, print, and radio, in turn owned by mega-globally-traded behemoth transnational corporations) is largely factory-processed, made nutrient-deficient, hyper-preserved, sodium-laden — for additive preservative purpose — which nether creatively increases flavor, nor improves taste, is shelf-stable practically into perpetuity, and is all done so for one motive exclusively: Profit – to get more money.
Their interests and loyalties are NOT to you, nor to their customers, neither to your family, friends, and loved ones, but rather, are beholden to their corporate shareholders upon whom they openly ingratiate themselves, and to whom they, first and foremost, through a strong sense of obligation via stock ownership or other requirement, owe a substantial share of the profit, and in some cases, the “first fruits.”
And therefore, they work to achieve, or exceed, the expectations of the financial prognosticators and market soothsayers by obeying the edicts of the corporate overlords and executives in all details of business operation. So, when employees of the company’s various stores in select locales complain about employee mistreatment, and low wages combined with decreased hours — EVEN THOUGH the company made $24.6 BILLION in PROFITS for 2023, which in turn, effectively meant that all of its 400,000 employees could have been given an $11,000 raise and STILL have at least $20 BILLION in profit. Instead, the employees must rely upon tips for survival. That company is Read the rest of this entry »
Posted by Warm Southern Breeze on Wednesday, May 10, 2023
I LOATHE ALL CAPS.
ALWAYS HAVE.
ALL CAPS emerged in the teletype era, when ONLY CAPITAL LETTERS WERE ON THE MACHINES, which emerged in the early-to-mid 1800s, i.e., c.1835-1850.
That is now approaching 200 years ago — 188, to be exact. They’re a close relative to Morse code. It’s a modern-day dinosaur.
I’ve seen a few teletype machines. They’re ogres of monstrosity. My now-late father used ‘em in the Navy during the Korean War. I recollect seeing one being used in a small hometown FM radio station that broadcast in monoaural using a block format.
Yeah… THAT OLD.
By the way, the term “teletype” used to describe a teleprinter, first came from the Teletype Corporation in 1928, which trademarked the term, and as with xerography, now called photocopying, early copiers were Xerox brand, and people “xeroxed” papers, instead of making printed copies. Both terms, teletype, and xerox, became ubiquitously associated with both firm’s products, and in turn, became widely used generic descriptors.
The first station where I worked had one collecting dust in an unused corner near the rear entrance by the tube transmitter. Fortunately, the station’s owner had wisely transitioned to a dot-matrix printer for the AP news copy, using tractor-fed, acordion-folded paper.
The 2nd station where I worked used satellite dishes, and computers.
Digitization through the computer and Internet has changed EVERYTHING. LITERALLY, EVERY THING — including broadcast. On the whole, in my considered opinion, it’s been a blessing, but every rose has its thorn, as the saying goes (unless you buy ‘em from a florist, but then they have no fragrance, either), and that thorn in many cases is human behavior, which historically has almost always been problematic, somebodies wanting to get over on (take unfair advantage of) others, resistance to change, etc.
Posted by Warm Southern Breeze on Monday, April 3, 2023
Treasury Secretary Steve Mnuchin & wife Louise Linton hold sheets of money at the Bureau of Engraving and Printing in Washington, D.C., Wednesday, November 14, 2017 show first run of bills featuring his signature.
First healthcare, eliminate personal privacy rights, women’s healthcare, then come children, and oil.
What Next for Oil After Surprise OPEC+ Cuts? Try $100 a Barrel.
• Cartel removes more than 1 million barrels a day from market
• Analysts say the decline in oil inventories will accelerate
Before the announcement, the cartel’s own numbers suggested the group would need to pump more oil, not less, in the second half. With the International Energy Agency expecting a demand surge later this year, there’s now renewed risk of global inflation.
————— US Gasoline Prices Could Hit $4 a Gallon Thanks to Surprise OPEC+ Oil Cut
DUBAI, United Arab Emirates — Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.
Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
It was also likely to further strain ties with the United States, which has called on Saudi Arabia and other allies to increase production as it tries to bring prices down and squeeze Russia’s finances.
———————
Saudi Arabia has NEVER been America’s ally or friend, and does NOT give a shit about us, what we think, need, or want.
Their OPEC oil cartel is THE SINGLE GREATEST REASON WHY America should become 100% energy independent.
American BIG OIL companies have long been in cahoots with the Saudis and other OPEC member nations, contrary to American national security interests, and the EXCLU$IVE rea$on why, is avarice, “greed gone wild,” as evidenced by rapacious Wall$treet corporate profits.
Beginning in earnest with Reagan & his administration, when he removed solar panels from atop the White House (a powerful, though largely symbolic move), Republicans have eschewed research & development of hydrogen fuel cells as abundant, clean, powerful, renewable energy sources for Read the rest of this entry »
Posted by Warm Southern Breeze on Monday, March 6, 2023
The writing style of the majority of bodies of work (especially and particularly “news”) found online is abysmally poor, and uninformative. It’s a problem that I bitch about with seeming regularity. Doubtlessly, there are numerous contributing factors, but it is my opinion that a predominate role has been, and continues to be, played by corporate-profit-driven, Wall-$treet-controlled “media outlets,” whose exclusive concern is… MONEY.
Nothing else.
No concern for truth, no concern for veracity, for authenticity, no concern for quality, no concern for anything but MONEY.
And nowhere is that more excruciatingly shown than at Fox News, which stinking putrid pot has had the purifying and sanitizing light of day shown upon it brought by the MULTI-BILLION dollar defamation lawsuit against it by Dominion Voting Systems of Denver, CO, charging that Fox deliberately spread malicious lies about the November 2020 General Election, falsely claiming that Dominion’s voting machines were part and parcel of a giant conspiracy and fraud to alter the outcome of the election.
They were not.
And as tranche after tranche, raft after raft of documents and communications of myriad kind have shown, and continue to show, not even Fox’s lying talking heads believed the bullshit espoused by the crazies of the Party of Trump.
But more to the point.
Today’s journalists (I use that term loosely) are piss poor writers, uninformative, and more… and worse.
Here’s an example that occurs with calculable regularity.
NONE of that mass-produced, factory-farmed, Made-in-China, Made-for-China gobbledygook.
This does NOT need refrigeration!
And, these pieces are also cooked, of course.
Oh! And you KNOW, that since 2013, Smithfield Foods, in Smithfield, VA, a formerly-American-based company, has been OWNED BY THE COMMUNIST CHINESE “Shuanghui Group” (now known as “WH Group” because it sounds more “American,” you know) because Smithfield’s Wall$teet corporate owners sold their American birthright for a paltry bowl of porridge — a mere US$4.72B.
You DO recall that China is a Communist nation, don’t you?
WH Group’s “global headquarters is strategically located in Hong Kong, with regional headquarters in China and the U.S.,” while the “Headquarters Shuanghui Development in Luohe, Henan Province,” China, and WH Group’s U.S. Headquarters of their Smithfield Foods division is in Smithfield, Virginia.
WH Group is also one of the LARGEST FOREIGN OWNERS of American farmland, with 146,000 acres, and that separate sale (as part of Smithfield’s holdings) was worth US$500M, according to the USDA.
Put another way, 146,000 acres is 228.1252 square miles… that’s nearly 20% (18.79% exactly) of the entire state of Read the rest of this entry »
Posted by Warm Southern Breeze on Tuesday, June 28, 2022
史密斯菲尔德食品
Wan Long, RIGHT, Chairman and CEO of WH Group, formerly called Shuanghui International, shakes hands with Charles Larry Pope, President and CEO of Smithfield Foods, at a press conference of WH Group in Hong Kong, China, 14 April 2014. Two subsidiaries of Henan Shuanghui Investment and Development Co have gained access to the Russian market, after its parent company — WH Group Ltd, the world’s largest pork producer— acquired US pork producer Smithfield Foods Inc and bought a stake in Campofrio Food Group SA of Spain, the largest pan-European packaged meat products company, last year. The two Heilongjiang-based companies — Wangkui Shuanghui Beidahuang Food Co and Heilongjiang Baoquanling Shuanghui Food Industry Co — got the official nod after their production facilities and products were examined and assessed by officials from Russia’s meat products watchdog, the Federal Service for Veterinary and Phytosanitary Surveillance, in August, Shuanghui Development said on its website. To widen its import market for meat, the Russian government agreed to import meat products from five Chinese suppliers by the end of August, indicating the nation has taken a flexible strategy to balance the supply and demand relationship, while the US and its European allies are trying to squeeze the country’s trade space in the world market.
Chinese translated as “Smithfield Food”
Amidst the cacophony of overall price inflation in fuel, food, and other items, there are numerous underlying and related causes.
There are not merely one, two, or even three contributing problems to this lingering miasma, and rather, like a line of dominoes tumbling, one after another, significantly increased prices in consumer goods are taking a toll on Americans, whose incomes — unlike those of CEOs, and other high-level corporate executives — have not risen in response.
Consider food.
The United States Department of Agriculture found national slaughter capacity reductions[i.e., the CLOSING of abattoirs/processors/slaughterhouses] in pork, and cattle, of 35-40%, and 30-40%, respectively, which have translated to hyper-inflated costs to consumers.
NOTE: Big Oil has done similarly. They’ve closed their oil refineries & capped wells, thereby creating a false shortage, and simultaneously INCREASED prices, resulting in record profits not seen since the 1950’s.
THAT is why fuel prices are sky high.
There is NO OTHER REASON.
The Energy Information Administration has a page dedicated to Refinery Utilization and Capacity in the United States which shows that 679 oil refineries were closed and not utilized in 2021 — the GREATEST number ever, since 1985.
But business practices, related closures and production slowdowns in abattoirs and processing facilities have their roots elsewhere in time, and policy.
On June 10th, 2022, the communist Chinese-owned Smithfield Foods announced the following:
Smithfield Foods, Inc. today announced that it will cease all harvest and processing operations in Vernon, California in early 2023 and, at the same time, align its hog production system by reducing its sow herd in its Western region. The company will decrease its sow herd in Utah and is exploring strategic options to exit its farms in Arizona and California. Smithfield harvests only company-owned hogs in Vernon. Smithfield will service customers in California with its Farmer John brand and other brands and products from existing facilities in the Midwest.
• A little less than a year ago, in early July 2021, Smithfield settled (for $83M) a Class Action Federal lawsuit filed in U.S. District Court for the District of Minnesota accusing it of price-fixing, and Read the rest of this entry »
Posted by Warm Southern Breeze on Tuesday, June 28, 2022
The
EXCLUSIVE REASON
WHY GAS PRICES ARE HIGH
is because
OIL COMPANIES HAVE CLOSED REFINERIES
&
REDUCED REFINERY INPUTS.
The U.S. Energy Information Administration’s website (https://www.eia.gov/) has a page dedicated to “Refinery Utilization and Capacity” (https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_a.htm) which shows that, NOT ONLY have BIG OIL companies CLOSED REFINERIES, they have also DECREASED OIL PRODUCTION (Gross Inputs to Refineries) — BOTH which have contributed EXCLUSIVELY to hyper-inflated gas prices, and bank-busting profits for BIG OIL & their stockholders.
In other words, they’ve also “capped oil wells.”
One way to INCREASE PROFITS is to PRICE GOUGE, another is to MANIPULATE THE MARKET.
BIG OIL companies are doing BOTH.
Refineries — which are owned by oil companies — have been CLOSED BY THE OIL COMPANIES, despite making bank-busting RECORD PROFITS. Read the rest of this entry »
Posted by Warm Southern Breeze on Friday, June 17, 2022
“Russia is scouring the country for manpower and weapons, including old tanks in the Far East, after using up much of its military capacity since invading Ukraine”
In the coming months & years, Russia will be verging on the brink of utter & thorough economic collapse. Political collapse is also all but certain, for NO NATION — including the United States — can continually sustain war/armed conflict efforts without some sort of price which they’ll pay — in one way, or another.
For us, since 2001 until this administration, in the Middle East (Afghanistan, then Iraq), we have opted to build weapons of war, over repairing & rebuilding our internal infrastructure here at home. We have quite literally “beat our ploughshares into swords, and our pruning hooks into spears.”
We have opted to subsidize the makers & builders of bombs, bullets & matériels of death, over life-giving, life-sustaining healthcare & education “to the least of these, my brethren.”
Grim Reaper statue, Cathedral of Trier, Trier, Germany
We have paid the piper, because we CHOSE to dance to the merry macabre tune of death, rather than choosing LIFE for those who are breathing, and food for the living.
We have given to the rich, and demanded from the poor, we have turned upside down & perverted the Constitution by saying “corporations are people, my friend,” and given power to them, while robbing it from The People, all while allowing the coarse grit of wealth to abrade the thin veneer of “justice” by Read the rest of this entry »
WH Group’s “global headquarters is strategically located in Hong Kong, with regional headquarters in China and the U.S.,” while the “Headquarters Shuanghui Development in Luohe, Henan Province,” China, and WH Group’s U.S. Headquarters of their Smithfield Foods division is in Smithfield, Virginia.
WH Group is also one of the LARGEST FOREIGN OWNERS of American farmland, with 146,000 acres and that separate sale was worth US$500M, according to the USDA.
Put another way, 146,000 acres is 228.1252 square miles… that’s nearly 20% (18.79% exactly) of the entire state of Rhode Island, which has 1214 square miles.
Unbridled greed in the extreme, aka AVARICE, is to blame. And Americans laws DO NOT FORBID, nor punish, such BAD BEHAVIOR. In fact, it’s REWARDED & ENCOURAGED.
Blame Congress — which has been bought & paid-for by Corporate lobbyists — for their FAILURE TO PROTECT AMERICAN DOMESTIC INTERESTS. THAT is a matter of NATIONAL SECURITY.
But let’s do something else. Let’s examine HOW MUCH U.S. land is owned, or controlled by, foreign interests.
Using a 1978 law — the Agricultural Foreign Investment Disclosure Act, which requires foreign entities to report farmland transactions to the USDA’s Farm Service Agency — the Midwest Center for Investigative Reporting examined USDA & other Federal data to determine how much land is owned/controlled by foreign interests.
They found that in 2016, foreign investors that year acquired at least 1.6M acres of U.S. farmland. And USDA data shows that either through direct ownership, or long-term leases, foreign investors control at least Read the rest of this entry »
Posted by Warm Southern Breeze on Saturday, October 30, 2021
FACEBOOK is now Dead.
Long live Facebook!
The company formerly known as “Facebook,” whose CEO/Chairman of the Board is Mark Zuckerberg – whom is Jewish – amidst increasingly withering criticism of longstanding unscrupulous, unAmerican, and unethical activity by the company, has recently announced that he has unilaterally decided to change the company’s name to “Meta.”
The perverse irony of that matter, is that the English word “meta,” as spoken, is the Hebrew word for “dead.”
The Hebrew word מֵ֣ת (mêṯ) is a verb, in the perfect, third person tense, and is the singular of מוּת (muth) meaning “to die,” or “to kill.”
That’s entirely appropriate, of course, considering that the company has conducted internal research which has conclusively proven that Facebook’s secret algorithms have caused suicides in pre-teens, especially little girls.
Frances Haugen, a former Facebook executive and data scientist for the social media behemoth, testified October 5, 2021 before the United States Senate Commerce Committee’s Sub-Committee on Consumer Protection, Product Safety, and Data Security, and stated in part that, Read the rest of this entry »
Posted by Warm Southern Breeze on Tuesday, August 10, 2021
Summer just doesn’t get any better, does it?
First, the COVID-19, and then, just when you think it’s safe to go in the water… delta variant emerges.
Back to square one.
And now, as if sunburn wasn’t enough, there’s cancer-causing sunscreen.
It’s almost like the bizarre reducēs in the 1993 Bill Murray movie “Groundhog Day.” By the way, the word “reducēs” (pronounced ree – doo – sees), is the nominative, accusative, and vocative masculine and feminine plural cases of “redux.” So now, you know.
“Valisure LLC has tested and detected high levels of benzene, a known human carcinogen, in several brands and batches of sunscreen, which are Read the rest of this entry »
Posted by Warm Southern Breeze on Monday, July 5, 2021
NOTE TO THE READER: It’s almost impossible to discuss food and its preparation these days without getting into history, and business ethics practices. But before you go off half-cocked, know for a certainty that in NO WAY am I opposed to the consumption of pork, nor of bacon, neither of the flesh of any animal. Presumably, because you’re now more curious, you must read further to more precisely determine what is meant by the headline — especially, and particularly if you enjoy bacon.
Earlier, I had replied to a friend who complained about having eaten “a cheeseburger for lunch and was tired and sleepy for most of the afternoon.”
My initial thought and response was “carbohydrate-induced somnolence,” and I wrote that “the meat patty was the only source of protein in the meal – if all you had was a cheeseburger. If you had fries with them, [that was] more simple carbs.”
Giving a rather simple analogous explanation, I stated that, “the (most likely highly-processed white) bread: Simple carbs – they burn quickly – like a bottle rocket. Up quick, burns out just as quickly.”
And from there, I wrote further about the addition of cheese on the burger, by writing “Cheese: Most likely “American” which is not genuinely cheese.”
From Cheese.com:
“American cheese is processed cheese made from a blend of milk, milk fats and solids, with other fats and whey protein concentrate. At first, it was made from a mixture of cheeses, more often than not Colby and Cheddar. Since blended cheeses are no longer used, it cannot be legally called “cheese” and has to be labelled as “processed cheese,” “cheese product,” etc. Sometimes, instead of the word cheese, it is called “American slices” or “American singles.” Under the U.S. Code of Federal Regulations, American cheese is a type of pasteurised processed cheese.”
From TasteOfHome.com:
“… it’s not actually cheese—at least, not legally. The FDA calls it “pasteurized processed American cheese product.” In order for a food product to be a true “cheese,” it has to be more than half cheese, which is technically pressed curds of milk. Each slice of American contains less than 51% curds, which means it doesn’t meet the FDA’s standard.”
Subpart B – Requirements for Specific Standardized Cheese and Related Products
Sec. 133.169 Pasteurized process cheese.
Food — it’s production, variety, growing, farming, harvesting, preparation, etc. — is an interest of mine, and like many others, I enjoy not only a good meal, but also have an interest in some understanding about the whys and wherefores of a particular dish’s origins — its history — which also give greater, and a more full understanding to us in numerous ways.
Nitrite-free, dry cured, air dried, pork bellies which will become bacon. Image by The Elliott Homestead.
For example, the simple, almost ubiquitous dish of beans and rice is a fully complemented dish, meaning that it has a full and complete range of proteins. Beans, by themselves have very little protein, and are primarily carbohydrates, and the same holds true for rice – very little protein, and is primarily a carbohydrate. And the proteins that each separate food has – the rice and the beans – are not “complete” proteins, meaning that individually, they do not contain the 9 essential amino acids which are found in “complete” proteins, and which are necessary in order to build and repair protein tissues (muscles) in the body.
Without exception, ALL animal-based food — regardless of the origin/source — contain complete proteins, and that includes eggs, as well as muscle and organ tissue, though it does not include fat. Fat, however, is never found outside the presence of protein. Fats and proteins could be thought of as “kissing cousins,” because they’re ALWAYS found in combination with each other. They are NEVER apart. Where there’s fat, there’s protein. As an example, consider natural peanut butter — that is, peanut butter which only added ingredient is salt. Peanuts and salt SHOULD BE the ONLY ingredients in peanut butter, and technically, as well as legally, they are, but so many other products are mistakenly called “peanut butter” when they’re actually “peanut butter spread” or something else entirely different.
A simple, even cursory, examination of the labels of Jif®, Skippy®, Peter Pan®, and other brands – including their websites – demonstrates that in the exceeding majority of cases, their most well-known, and most widely-sold products are NOT authentically genuine peanut butter. Each of those, and others’, products labels and websites state that their products are “peanut butter spreads,” rather than being “peanut butter.”
Peter Pan® brand is manufactured and distributed by Conagra Brands, while Jif® is owned by The J.M. Smucker Company, and Skippy® is owned by Hormel Foods, LLC.
The previous citations were necessary in order to understand what follows, to demonstrate that just because people call a thing by some name, the name by which they call it is not necessarily the proper term. A four-legged animal with hooves and horns could be a bull, a boar, a ram, or a buck, and are all males of the species of cattle, hogs, sheep, goats, and deer. But they’re not females.
And while we’re continuing on the topic of food…
I have come to loathe most commercially-available “bacon.”
Why?
Not only does it taste retched, but also because in the classic, traditional sense, it is NOT bacon.
Yes, it comes from a hog – and not always pork bellies – but the method in which it’s made (“processed,” would be a much more accurate term) bears little resemblance to traditional bacon. Modern “bacon” is flash-smoked, pressure-processed with nitrites, salt-cured, and hustled out the factory door just as quickly as possible in order to continue reaping corporate profits for their Wall$treet masters.
Traditional, original “Old Skool” bacon was/is often smoked in a smokehouse, which not only imparts unique flavor and aroma, but is an important part the preservative curing process – the main intent of which was/is to retard the spoiling process – or turned rancid, the term applied to fats and oils which have spoiled – “spoilage” being oxidation, including discouraging growth of Read the rest of this entry »
Posted by Warm Southern Breeze on Sunday, May 30, 2021
Who doesn’t like their iPhone?
The world’s most popular smartphone is ubiquitous.
And we Westerners must genuinely appreciate the slave labor used to manufacture the parts that go into the handheld electronic communication device.
And without access to cheap slave labor from our Oriental brothers and sisters in Vietnam, China, and other Southeast Asian nations, we couldn’t enjoy using the electronic devices that so captivate our attention, anesthetizing us to their, and others’ suffering.
The liberal ideal of so-called “free trade” has been perverted.
Rather than being used by our nation as a tool to sow seeds of freedom, and cultivate the fruits of liberty, it’s being abused to enslave others far from our shores in the guise of “profitability” and “progress.”
Aided and abetted by their Wall Street corporate masters and pecuniary overlords, American slavery has been exported as a material good to enrich the few at the expense of the many.
And Republicans scoff at Massachusetts Democratic Senator Elizabeth Warren’s chastizement of JPMorgan Chase CEO Jamie Dimon and other banksters who enriched themselves, and their corporate coffers, by TENS OF BILLIONS OF DOLLARS by simply continuing to charge overdraft fees to their customers who’d lost their livelihoods, jobs, and income during the the coronavirus pandemic – even though the Federal Reserve not only cut them significant fiscal slack, but also encouraged them to pass such beneficence along to their customers by forgiving such fees.
They did no such thing.
And what will democratic, freedom-loving American beneficence and largesse do in this instance?
My bet is on “Nothing.”
Gotta’ make no’ munny fuh massa’.
Vietnam Detects New Highly Transmissible Coronavirus Variant : Coronavirus Updates
Vietnam has detected a new coronavirus variant that is highly transmissible and has features of two other strains.
“Vietnam has uncovered a new COVID-19 variant combining characteristics of the two existing variants first found in India and the U.K.,” Health Minister Nguyen Thanh Long said, according to Reuters. “That the new one is Read the rest of this entry »
Posted by Warm Southern Breeze on Wednesday, March 31, 2021
Today, the NCAA is appearing before the United States Supreme Court today arguing about… money.
Yes, money.
This case verges on indentured servitude, and hypocrisy is open, and plainly evident.
But hey… what else is new when it comes to treatment of the impoverished, females, and minorities?
Meanwhile, the BIG BUCKS go to build lavish facilities for the male athletes, not all of which are for training, to the coaches for their $alarie$ and compen$ation, and to build extravagant stadiums and arenas.
Not even a fraction goes to the athletes.
And none of it goes to the students.
Not one thin dime.
Here’s an idea instead of paying coaches eye-popping salaries, how about capping their compensation, and placing about half of the money toward student scholarship?
It’d be an INVESTMENT in education, for that is the primary (hopefully) reason the athletes chose to become students at the university where they play.
And best of all, it would ALL come from the Private Sector, one of many “holy cows” of the GOP Brahmans.
Take To The Court: Justices Will Hear Case On Student Athlete Compensation
March 31, 2021, 5:00 AM ET
Heard on Morning Edition
by Nina Totenberg
Nina Totenberg at NPR headquarters in Washington, D.C., May 21, 2019. (photo by Allison Shelley)
As March Madness plays out on TV, the U.S. Supreme Court takes a rare excursion into sports law Wednesday in a case testing whether the NCAA’s limits on compensation for student athletes violate the nation’s antitrust laws.
The outcome could have enormous consequences for college athletics.
Posted by Warm Southern Breeze on Monday, February 1, 2021
Unless you’ve been in a cave in Tora Bora for the past week, or so, by now, you’ve probably heard of the Reddit/GameStop/Robinhood ordeal.
Here are the “players”:
• Vlad Tenev, CEO of the trading app Robinhood
• National Securities Clearing Corporation (NSCC)
• Day traders using the Robinhood app who also were participants in a Reddit group Wall Street Bets (properly as “r/wallstreetbets” – a forum called a “subreddit” on the popular website Reddit, which is a social platform and discussion group that also rates web content.)
• GameStop, a electronics/video game retailer
The long and short of it (a most befitting pun, wouldn’t you say?) is that a no-fees stock brokrage company named Robinhood, which uses an app for a mobile device to effectuate trades, had ceased processing orders on a company named GameStop, which raised the hackles of some observers, including Elon Musk, and other news reporting groups.
The reason why Robinhood ceased activity on trades for GameStop, and other companies was because a loose-knit group of day trader investors in the subReddit forum WallStreetBets – which totals over 4 million strong, and describe themselves as “degenerates” – decided to take on the abuses of Wall Street power players, most typically as hedge funds.
Hedge funds are alternative investments using pooled funds that employ different strategies to earn active returns, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).
It is important to note that hedge funds are generally only accessible to accredited investors as they require less SEC regulations than other funds. One aspect that has set the hedge fund industry apart is the fact that hedge funds face less regulation than mutual funds and other investment vehicles.
Each hedge fund is constructed to take advantage of certain identifiable market opportunities. Hedge funds use different investment strategies and thus are often classified according to investment style. There is substantial diversity in risk attributes and investments among styles.
Legally, hedge funds are most often set up as private investment limited partnerships that are open to a limited number of accredited investors and require a large initial minimum investment. Investments in hedge funds are illiquid as they often require investors to keep their money in the fund for at least one year, a time known as the lock-up period. Withdrawals may also only happen at certain intervals such as quarterly or bi-annually.
A former writer and sociologist Alfred Winslow Jones’s company, A.W. Jones & Co. launched the first hedge fund in 1949. It was while writing an article about current investment trends for Fortune in 1948 that Jones was inspired to try his hand at managing money. He raised $100,000 (including $40,000 out of his own pocket) and set forth to try to minimize the risk in holding long-term stock positions by short selling other stocks. This investing innovation is now referred to as the classic long/short equities model. Jones also employed leverage to enhance returns.
In 1952, Jones altered the structure of his investment vehicle, converting it from a general partnership to a limited partnership and adding a 20% incentive fee as compensation for the managing partner. As the first money manager to combine short selling, the use of leverage shared risk through a partnership with other investors and a compensation system based on investment performance, Jones earned his place in investing history as the father of the hedge fund.
Hedge funds went on to dramatically outperform most mutual funds in the 1960s and gained further popularity when a 1966 article in Fortune highlighted an obscure investment that outperformed every mutual fund on the market by double-digit figures over the previous year and by high double-digits over the previous five years.
High-profile money managers deserted the traditional mutual fund industry in droves in the early 1990s, seeking fame and fortune as hedge fund managers. Unfortunately, history repeated itself in the late 1990s and into the early 2000s as a number of high-profile hedge funds, including Robertson’s, failed in spectacular fashion.
Since that era, the hedge fund industry has grown substantially. Today the hedge fund industry is massive—total assets under management in the industry are valued at more than $3.2 trillion according to the 2018 Preqin Global Hedge Fund Report. Based on statistics from research firm Barclays hedge, the total number of assets under management for hedge funds jumped by 2335% between 1997 and 2018.
The hedge funds had all “shorted” GameStop, which is well-known tactic to make money by the failure of a stock – “failure,” defined as a reduced price. In this case, Wall Street hedge fund managers had all “shorted” GameStop, and others, waiting for the price to drop before they sold the shares they were holding.
In a “short” sale (as it pertains to Wall Street trading), an entity “borrows” a stock from its owner, and holds it for a period of time, in anticipation that its price will drop enough so that they can then sell it (return its purchase price to the owner), and pocket the difference. It’s not illegal, and has been done for quite some time.
As you might imagine, by so doing (shorting), a stock can significantly, and adversely be affected.
But… a short sale can “go bad,” and that’s what the 4 million+ members of the subReddit group WallStreetBets did – ruin the day (or even longer) of many vulture capitalists hedge fund managers by driving up the price per share of GameStop.
GameStop, which has the ticker symbol GME, and is traded on the New York Stock Exchange (NYSE), has faced a decline in sales, 7 brokerages have issued twelve-month price objectives for GameStop’s shares which range from $3.50 to $33.00 per share. And on average, they expect GameStop’s per share stock price to be $11.93 in the next twelve months. That suggests that the stock has a possible downside of 96.3%.
For the last 5 years, GameStop stock price has been relatively stable, and only minimally changed, and has ranged from the lower $30 range to slightly over $4 per share. Their last dividend payment was March 14, 2019, which was $0.38 per share, which represented an increase from 2012 when it was $0.12 per share. Aside from the most recent price fluctuations, over its lifespan, GameStop’s price per share has ranged from $3.91 to $63.68 from February 2002 though August 2020.
At its highest, GameStop was valued at $483 per share on January 25, 2021. That’s where the Wall Street Bets Redditors (participants in Reddit) come into play. Their trading of the stock – specifically as purchases – drove up the stock to terrific heights, which in turn, caused problems with the hedge funds that held a short position on the stock – SIGNIFICANT problems.
In effect, the Redditors caused what’s called a “short squeeze” which is a market condition that occurs when investors who are betting against the stock (thinking it will fall in price) are forced to close out their position by buying the stock, which in turn, adds fuel to the fire.
So far this year, the Redditors have cost short-sellers over $19 billion in losses on GameStop alone. Much of Wall Street’s trades are now done by computer algorithm, which almost completely eliminates human involvement. So day traders, and others who may use apps to trade, are an anomaly in an otherwise almost-wholly automated market.
Melvin Capital, a roughly $12 billion hedge fund has suffered a more than 30% decline largely due to its short position in GameStop.
Payment For Order Flow (PFOF) is a practice in which brokerage firms are compensated to route their customers’ trading orders to certain market makers to execute the trades rather than directly to an exchange, which creates a potential conflict of interest between the brokerage and the customer.
The PFOF practice has enabled $0 commission trading, which was jump started by Robinhood’s launch in 2015, and was considered groundbreaking at the time when most investors had to pay upwards of $10 for every buy or sell order.
According to a SEC filing by Robinhood, they make a bulk of their money from the PFOF practice, and generated upwards of $100 million in revenue in the first quarter of 2020 from a number of market makers, including Citadel Securities.
Now, another free-trading brokerage firm is bucking the PFOF practice and shifting its business model to tipping.
In a blog post on Monday, Public.com said it would end the practice of selling its customers’ order flow to market makers, and would instead route them directly to exchanges like the Nasdaq and New York Stock Exchange.
The company issued a press release which stated in part that they would remove that inherent conflict of interest from their business model, “To align our incentives with those of our members, we will stop participating in the practice of PFOF and instead introduce a tipping feature on trades. Trades will remain commission-free and tipping is entirely optional.”
APEX, which is Public.com’s clearinghouse firm, was notified on January 30 of their intent to be taken off the “PFOF rails,” according to a blog post by the company, noting that all trade orders at the brokerage firm will be directly routed to exchanges for execution. The company said that transition away from PFOF and towards tipping could take a few weeks, but that “Transparency is a core pillar of building trust, and we think it’s important that we live up to our name. Direct routing to the exchanges is more expensive, and therefore we’re turning what used to be a revenue stream (PFOF) into a cost center and we’re optimistic that the difference will be offset by the optional tipping feature.”
Now, nearly every brokerage firm offers $0 commission trading.
But the PFOF practice is facing backlash from many, including venture capital investor Bill Gurley, who tweeted on Sunday, “If the SEC/government wants to ‘fix the plumbing’ the number one thing they should do is ban Payment for Order Flow.”
Gurley said that the practice “smells bad” and is already outlawed in the United Kingdom, and in Canada.
We’ve Seen This Before: The Current GameStop Drama Has Grassroots In The 2008 Housing Crash
by Liam O’Hara
• Main Street played by the rules, but Wall Street changed them mid-game.
• Retail traders on Reddit’s r/wallstreetbets had a simple buy-and-hold strategy for an overleveraged short position on GameStop held by Melvin Capital — until Wall Street shut it down.
• The game has been rigged all along and now it’s out in the open for all to see.
It’s been only a few days since news about the feud between Main Street and Wall Street entered the public’s awareness and the internet is already filled with more articles and stories about it than one could realistically hope to keep up with.
As a retail investor who bought a long position in GameStop (I am not a financial advisor, I just like the stock) only hours before its historic ascent, I only have my limited perspective and experience to offer. But, as a millennial who came of age during the subprime mortgage crisis of 2008 — and decided to study finance and accounting specifically because of it — I believe I have a somewhat unique, but relatable viewpoint.
For many retail traders, GameStop was a chance to get in on the ground floor of an arguably undervalued stock with the added benefit of watching the high and mighty of Wall Street squirm after being caught in an embarrassing position.
We’ve been through this type of thing before.
It is impossible to escape the fact that many of these small-time traders have vivid memories of the financial equivalent of an atomic bomb that Wall Street and government regulators dropped on the world in 2008. In the fallout of the housing crisis, hundreds of millions of people’s lives were upended.
Save for a few, like Lehman Brothers and Bear Stearns, many Wall Street banks came out ahead because of obscure and convoluted financial derivatives that left regular people holding the bag.
Unemployment skyrocketed, families’ houses were foreclosed on, pensions were decimated, and the middle class was suddenly forced to scrape by just to feed their families. To add insult to injury, the federal government awarded these same banks $700 billion dollars of taxpayer money because they were “too big to fail.”
I was only 18 years old then and didn’t understand much about what was happening, but seeing my family suffer motivated me to learn more, and I’ve learned much since then. In many ways I’ve been waiting 13 years to write about it.
I was raised in a working class family in the suburbs of middle America.
My parents both worked hard to provide the best upbringing and educationavailable to us. Both are college educated and have worked in a variety of jobs, with my mother eventually settling into a role working for the county, and my father working in mortgage lending until the subprime mortgage crisis when he was forced to look for work elsewhere which he found at a large manufacturing company.
As the dust of the crisis settled and the recession loomed on the horizon, my dad was eventually let go during one of the multiple rounds of layoffs by his employer. We were fortunate enough to keep our house, but had little more to spend since most of the jobs available at that point were minimum wage. Between meager wages, intermittent unemployment benefits, and trips to the food banks, we managed to make it through one of the deepest recessions in decades.
In October 2008, two months after I began my freshman year at university (only made possible by generous scholarships), the $700 billion Troubled Asset Relief Program, or TARP, was Read the rest of this entry »
Prescription drug prices in the United States are significantly higher than in other nations, with prices in the United States averaging 2.56 times those seen in 32 other nations, according to a new RAND Corporation report.
The gap between prices in the United States and other countries is even larger for brand-named drugs, with U.S. prices averaging 3.44 times those in comparison nations.
The RAND study found that prices for unbranded generic drugs—which account for 84% of drugs sold in the United States by volume but only 12% of U.S. spending—are slightly lower in the United States than in most other nations.
“Brand-name drugs are the primary driver of the higher prescription drug prices in the United States,” said Andrew Mulcahy, lead author of the study and a senior health policy researcher at RAND, a nonprofit, nonpartisan research organization. “We found consistently high U.S. brand name prices regardless of our methodological decisions.”
The RAND analysis is based on 2018 data and provides the most up-to-date estimates of how much higher drug prices are in the United States as compared to other countries in the Organisation for Economic Co-operation and Development.
Researchers calculated price indexes under a wide range of methodological decisions. While some sensitivity analyses lowered the differences between U.S. prices compared to those in other nations, under all the scenarios overall prescription drug prices remained substantially higher in the United States.
Prescription drug prices in the United States are, on average, 2.56 times higher than the prices in 32 other countries. That’s according to a new RAND report.
Brand-name drugs are the primary driver of America’s higher prescription drug prices: For branded drugs, U.S. prices averaged 3.44 times higher than those in other nations. Prices for generic drugs, on the other hand, are slightly lower in the United States than in most other countries.
Posted by Warm Southern Breeze on Friday, January 29, 2021
So… today, this morning, I spent about $10 with Krispy Kreme.
If you’re a Southerner reading this, you know what that means.
If you’re not a Southerner, or are otherwise uninformed, Krispy Kreme is the North Carolina-heeadquartered company that has for years made the most delightfully light, fluffy, airy doughnuts.
They’re NOT at all like Dunkin’ Doughnuts, which are heavy, doughy, bread-cake like doughnuts. There is NO comparison whatsoever.
It’s like the difference between a Model-T, and a F1. Even though they’re both cars, they’re worlds apart.
But what I wanted to focus upon is a portion of the brief, pleasant exchange I had with the clerk in the store.
I had decided to stop in as I was returning home from taking Queenie to the veterinarian’s office for ACL surgery today. As I was nearing the area, the thought “doughnuts” occurred to me, and I knew the KK was nearby. As I drew closer, another thought occurred to me: The locally-owned-and-hometown-operated doughnut shop a little further down the road.
Not wanting to drive any further, even though it wasn’t far, per se, I opted for the nearest shop, which was the KK.
Even though I’m not a “shopaholic,” nor adherent, nor promoter of “retail therapy,” I’m fortunate to live in an area that’s conveniently located to many different shops and retailers. Some folks have to drive quite a distance to do so almost anything, whereas I do not. So, I count my blessings, in a manner of speaking.
I had donned a facemask before I walked in, looked around briefly – I was the only customer present – and Read the rest of this entry »
Posted by Warm Southern Breeze on Wednesday, December 16, 2020
Good-for-nothing bastard.
The late Reverend Dr. Martin Luther King, Jr. had something to say about such abuse:
Whenever the government provides opportunities in privileges for white people and rich people they call it “subsidized” when they do it for Negro and poor people they call it “welfare.”
The fact that is the everybody in this country lives on welfare. Suburbia was built with federally subsidized credit. And highways that take our White brothers out to the suburbs were built with federally subsidized money to the tune of 90 percent.
Everybody is on welfare in this country.
The problem is that we all too often have socialism for the rich and rugged free enterprise capitalism for the poor. That’s the problem.”
From a sermon entitled “The Minister to the Valley,” February 23, 1968, from the archives of the Southern Christian Leadership Conference.
Scores Of Private Charitable Foundations Got Paycheck Protection Program Money
Scores of private charitable foundations, set up by some of the nation’s wealthiest people, received money from the federal government’s Paycheck Protection Program, which was created last spring to save jobs at small businesses as the coronavirus tanked the economy.
NPR has identified at least 120 foundations that collectively received more than $7.5 million in PPP funding. That’s a small slice of the overall program, which disbursed about a half-trillion dollars, but some of the foundations are linked to individuals of considerable means: An oil magnate, a cable television tycoon, a dermatologist called the father of modern hair transplantation, and an aviation entrepreneur who founded companies with annual sales of more than a billion dollars.
President Trump speaks as Jovita Carranza, Administrator of the Small Business Administration; Treasury Secretary Steven Mnuchin; and Ivanka Trump, advisor to the president, listen during a Paycheck Protection Program event in the East Room of the White House on April 28, 2020.
Posted by Warm Southern Breeze on Tuesday, December 15, 2020
If you want to know what a person will do, simply look at their past.
That’s a generally good rule to observe, and that principle is found in practically every activity of human life – even in politics.
So, let’s examine Georgia’s Banana Republican Senator David Perdue, who was formerly Dollar General CEO from 2003 to 2007 of the Goodlettsville, TN-based business.
David Perdue has been selling out Americans for a long time. As long as it made a fast buck for him, or whoever hired him, he was okay with that.
Posted by Warm Southern Breeze on Saturday, October 24, 2020
When in the history of our nation have you EVER heard of ANY President denigrating the FBI and other agencies of the United States government – for ANY reason whatsoever?
So, what’s the endgame for the far right?
Total anarchy & chaos, or are they actually going for an authoritarian state?
What’s the difference between “Big Government” and autocracy?
The derisive term “big government” is one used by anti-government anarchists, even though they’d NEVER call themselves that. But then again, White Supremacists don’t call themselves anti-Constitutional terrorists, either.
Frankly, I have long maintained that, contrary to the numerous assertions we’ve heard spouted, our government is NOT “too big,” but rather is TOO SMALL to be either effective, or efficient.
Think of it in restaurant terms.
Go to a 5-star Michelin restaurant, and you’d expect to find only one cook, and one wait staff… right?
OF COURSE NOT!
For such a fine dining experience, with a patronage seating of 100 or so (minus bar space), it would be REASONABLE to have AT LEAST 25, or likely even more, staff of all kinds – ranging from maître d’hôtel, to sous chef, to chef de cuisine, to line cooks, kitchen porters, to wait staff, to sommelier, to bus staff, dishwashers, and others – including bartenders, runners, housekeepers, and more.
The beginning of America’s decline began in earnest with Ronald Reagan, who, in his grandfatherly-like tones, and “aw, shucks” disarming humor, won American’s hearts, and their minds followed. That included Democrats who voted for him in almost unprecedented numbers over incumbent Democrat Jimmy Carter who introduced America to Energy Independence, Energy Conservation, Renewable Energy, and placed solar collectors/solar hot water heater panels atop the White House… which were promptly removed by the Reagan administration.
In his first Inaugural Address, “the Great Communicator,” as he was monikered, stated bluntly that “government is the problem.” It never occurred to anyone that if government was the problem, the obvious solution that problem is the elimination of it. And that’s precisely what he and the GOP set out to do. But it wouldn’t be called treason.
Of course, as a VERY skilled orator, having traveled across America on GE’s dime years earlier, he frequently gave talks that were very much sympathetic to BIG BUSINESS interests, all couched in patriotic language.
With his blessing, and encouragement, and the insidiousness of Newt Gingrich of Georgia as Speaker of the House, and their misguided fallacious “Contract With America” the GOP began to Read the rest of this entry »
Kelly Loeffler was appointed by narrow-margin-of-victory Georgia Republican Governor Brian Kemp to fill the unexpired term of three-term Georgia Republican US Senator Johnny Isakson who resigned from office at the end of 2019 due to Parkinson’s disease.
The gubernatorially-appointed temporary fill-in “Republican Sen. Kelly Loeffler told Politico she is not dropping out of the Georgia Senate special election despite facing scrutiny over $20 million in stock sales she made following a closed-door Senate briefing in January about the coronavirus.
““Not only am I not dropping out, but I’m gonna win,” Loeffler told the news outlet Thursday.
“Loeffler, who is married to New York Stock Exchange CEO Jeff Sprecher, has said she does not control her own stock portfolio and that she was unaware of the exchanges. She has submitted documents to the Justice Department and the Securities and Exchange Commission, both of which are investigating trading action among senators around the coronavirus pandemic.”
Loeffloer’s net worth is reportedly well over $500,000,000, and is being investigted by the FBI and the Senate for suspicious stock sales timing in response to insider knowledge of the coronavirus obtained in the Senate.
Posted by Warm Southern Breeze on Monday, April 20, 2020
Appointed Georgia Senator Kelly Loeffler, R
The United States Senate is controlled by a corrupt cabal of Republicans, none of whom are racial/ethnic minority. It’s LITERALLY (at least on the GOP side) an all-White enclave – with one extraordinary exception: Tim Scott of South Carolina – the Senate’s only Black Republican.
Yesterday at his incessant bully pulpit coronavirus harping press conference, the Liar in Chief claimed to not have known about her insider trades. That, strangely coming from a man who prides himself in, and publicly boasts about having all sorts of knowledge, and whom is known to be well-attuned to media (especially television, and Twitter) of all kinds.
Here’s the pertinent excerpt from the “Remarks by President Trump, Vice President Pence, and Members of the Coronavirus Task Force in Press Briefing” (linked above) held in the James S. Brady Press Briefing Room, April 19, 2020, 6:28 P.M. EDT:
Q: Mr. President, why on that task force did you include Senator Kelly Loeffler? There’s some questions about whether she may have —
THE PRESIDENT: Well, because she’s the senator from a great state, a state that I love: Georgia.
Q: But there’s some insider trading issues with her.
THE PRESIDENT: Well, I — that, I don’t know. I really don’t know about that. But she’s a senator from Georgia, and she was included in the list, absolutely.
Go ahead. A couple of more. Go ahead, please. Yeah.
Most folks want to talk about Richard Burr, the first known case of Insider Trading on coronavirus information in the Senate..
But, let’s take a look at who’s shafting the American public by NOT playing fair and square and abusing their insider knowledge:
• Richard Burr, Republican North Carolina Senator – Net Worth $3M+
• Kelly Loeffler, Republican Georgia Senator – Net Worth $500M+
• James M. Inhofe, Republican Oklahoma Senator – Net Worth $9M+
• Ron Johnson, Republican Wisconsin Senator – Net Worth $30M+
Senator Richard Burr, R-NC
• Diane Feinstein, Democrat, California Senator – Net Worth $90M+
Nope, no trend or common denominators at all. Totally random. /sarcasm
All Senators,
80% Republican,
60% Male,
97% White,
100% Multi-Millionaires
• When he retires from the Senate in 2022, Burr will have been in Congress (House & Senate) a TOTAL of 27 years
• Loeffler is married to the CEO of the company that owns the New York Stock Exchange, and numerous other fims, is a political “newbie” appointed by Georgia Republican Governor Brian Kemp to temporarily fill the unexpired 2016 term of Johnny Isakson who resigned 31 December 2019 to care for his Parkinson’s disease. Loeffler intends to campaign for the office during a Special Election.
• Inhofe has been in Congress 33 years, and 17 years in Oklahoma State & Local politics TOTAL POLITICAL TIME=50 years
• Johnson is a political newcomer, and was first elected in 2010 to the US Senate
TOTAL POLITICAL TIME=10 years
• Feinstein was first elected to the Senate in 1992, before that she was 18 years in California Local politics
TOTAL POLITICAL TIME=46 years
Here’s a very simple solution:
Require all such financial assets (stocks, bonds, securities, including real estate, etc.) to be placed into a Blind Trust for the duration of their term of office.
Insider trading by Congress? It’s time to fix the law
By Patrick Augustin, Francis Cong and Marti G. Subrahmanyam, Opinion Contributors — 04/19/20 01:30 PM EDT
Is trading by Congress illegal? Should members of Congress be allowed to trade financial securities that are sensitive to private information? The “coronavirus trades” made by Sen.Richard Burr(R-N.C.) and his wife just prior to the March ’20 market crash raise these questions and signal the need for changes to the law. Some proposals go as far as banning stocktrading by members of congressoutright. The other extreme is to allow full discretion. The right solution is in between: Only allowing public officials to trade securities based on broad market indices.
Co-Chief Investment Officer & Co-Chairman of Bridgewater Associates, L.P.
Summary
I was fortunate enough to be raised in a middle-class family by parents who took good care of me, to go to good public schools, and to come into a job market that offered me equal opportunity. I was raised with the belief that having equal opportunity to have basic care, good education, and employment is what is fair and best for our collective well-being. To have these things and use them to build a great life is what was meant by living the American Dream.
At age 12 one might say that I became a capitalist because that’s when I took the money I earned doing various jobs, like delivering newspapers, mowing lawns, and caddying and put it in the stock market when the stock market was hot. That got me hooked on the economic investing game which I’ve played for most of the last 50 years. To succeed at this game I needed to gain a practical understanding of how economies and markets work. My exposure to most economic systems in most countries over many years taught me that the ability to make money, save it, and put it into capital (i.e., capitalism) is the most effective motivator of people and allocator of resources to raise people’s living standards. Over these many years I have also seen capitalism evolve in a way that it is not working well for the majority of Americans because it’s producing self-reinforcing spirals up for the haves and down for the have-nots. This is creating widening income/wealth/opportunity gaps that pose existential threats to the United States because these gaps are bringing about damaging domestic and international conflicts and weakening America’s condition.
I think that most capitalists don’t know how to divide the economic pie well and most socialists don’t know how to grow it well, yet we are now at a juncture in which either a) people of different ideological inclinations will work together to skillfully re-engineer the system so that the pie is both divided and grown well or b) we will have great conflict and some form of revolution that will hurt most everyone and will shrink the pie.
I believe that all good things taken to an extreme can be self-destructive and that everything must evolve or die. This is now true for capitalism. In this report I show why I believe that capitalism is now not working for the majority of Americans, I diagnose why it is producing these inadequate results, and I offer some suggestions for what can be done to reform it. Because this report is rather long, I will present it in two parts: part one outlining the problem and part two offering my diagnosis of it and some suggestions for reform.
Why and How Capitalism Needs to Be Reformed
Before I explain why I believe that capitalism needs to be reformed, I will explain where I’m coming from, which has shaped my perspective. I will then show the indicators that make it clear to me that the outcomes capitalism is producing are inconsistent with what I believe our goals are. Then I will give my diagnosis of why capitalism is producing these inadequate outcomes and conclude by offering some thoughts about how it can be reformed to produce better outcomes.
Posted by Warm Southern Breeze on Thursday, March 5, 2020
Take notice of this text of the upper area of the note:
“Why are we sending you a Notice of our Privacy Policy?
“Federal law permits banks, investment companies, and insurance companies to provide all their services under one organization. This same law requires State Farm to share our Notice of Privacy Policy in writing with you each year you are insured with us or maintain an account with us.”
Let me re-emphasize this point: “Federal law permits banks, investment companies, and insurance companies to provide all their services under one organization.”
This law – the Glass-Steagall Act – since its inception in Great Depression era America in 1933, FORBADE the incestuous fiscal orgy under which this nation now suffers.
The Glass-Steagall Act was the subject of intense lobbying efforts by Banks, Insurance Companies and Stock Brokerage Houses to repeal the law, and especially intensified circa 1960’s, climaxing in the late 1990’s under a Republican-controlled House and Senate.
The 1999 repeal of the Glass-Steagall Act allowed commercial banks, investment banks, securities firms, and insurance companies to consolidate, or commingle, their business.
Previously, it prohibited any of those institutions (banks, insurance companies, and stock brokerage houses) from acting as any combination of an investment bank, a commercial bank, or insurance company.
WHY IS THIS IMPORTANT TO YOU and ME, AND HOW DOES THIS AFFECT YOU and ME?
The recent financial melt-down in this nation – now being called “The Great Recession” – is due in large part to the elimination of the Glass-Steagall Act, because the banks that made bad loans, the insurance companies that insured the real estate and commercial paper, and the stock brokerage houses that traded the stocks of both, and owned both, were greedy for more gain, and eventually began to invent complex mechanisms and artificial commercial paper which came to be known as “derivatives.”
In essence, those “derivatives” were based upon Credit Default Swaps – another complex and inherently evil type of financial thing/device – which was described by German Chancellor Angela Merkel, in March 2010 as “Credit-default swaps, where you insure your neighbor’s house just to destroy it and make money from it, that’s exactly what we have to curb. We must succeed at putting a stop to the speculators’ game with sovereign states.”
The types of investments that most people tend to be familiar with, such as stocks and bonds, involve betting that a company or government will do well. In stark contrast, a credit default swap (CDS) allows an investor to bet that a certain bond issuer will do poorly, or fail – not be able to meet its obligations. In financial markets, the CDS is sometimes thought of as a form of Read the rest of this entry »
Posted by Warm Southern Breeze on Saturday, December 7, 2019
“You all just got a lot richer.”
– POTUS Donald Trump, to friends Friday night, December 22, 2017 at his Mar-a-Lago club in Palm Beach, FL, after signing his tax cut bill, the Tax Cuts and Jobs Act of 2017 (P.L. 115-97)
In response, Vermont Senator Bernie Sanders Tweeted that “At least Trump is finally telling the truth about his tax bill.”
The Congressional Research Service, a non-partisan, objective investigative branch of Congress, reported that the Trump tax cuts did not benefit the average American worker. Only $28 Read the rest of this entry »
Posted by Warm Southern Breeze on Tuesday, October 29, 2019
Democratic Presidential nominee candidates Senators Bernie Sanders (VT) and Elizabeth Warren (MA) continue to make the case that corporate America has harmed, and continues harming, the very field upon which they sow the seeds of their profit.
They further make the case that such governmentally-approved behavior is not merely injurious, but is unsustainable – if not fatal – to those same corporations, and ultimately, to the American economy upon which it feeds.
Citing examples of such greed and rapacious corporate profiteering by their über-wealthy owners and Wall Street overlords (to whom they are fiscally accountable and must share profits), and in conjunction with misguided Federal tax policy (led almost in whole part by Republicans), Senators Warren and Sanders show how overseas and foreign “outsourcing” – all in the name of increased corporate profits – have damaged average American families, including the cities, towns, and states wherein they reside, whom have all witnessed and suffered from wholesale corporate abandonment to foreign soil.
Slow learners are discovering that America’s narsicisstic wealthy “businessman” president – whom they elected, hoping he would be their knight in shining armor coming to their economic rescue – has also sold them out for his own self interests, exactly like his party’s predecessors. They were merely expendable pawns whom he deceived in his egocentric reality show/chess game. They’re merely the red-capped collateral damage in his monkey-business trade war.
Nowhere are the result of such policies more
plainly and painfully evident than in middle America,
where once-thriving factories have become hollowed-out shells
–
the veritable rotting skeletal corporate detritus which has
fostered and driven
the Opioid Epidemic in many states.
Once-renown industrial cities like Detroit, where the Big Three of the automobile industry – Ford, Chrysler, and General Motors – reigned since the early 1900’s, and supplied high-paying Labor Union wages with genuine, and significant healthcare and retirement benefits to generations of families. Children attended well-funded public schools, states and cities prospered, thrived and expanded exponentially. Teens who chose to attend college or university did so without incurring debt, and training for technically-skilled jobs and labor was supported by almost all secondary schools.
Then, as if seemingly unnoticed, small things began to change. It was if America’s hard-working men and women, and middle-class families had become the proverbial frogs in a pot of water, never noticing the water temperature was increasing, until they were boiled to death… while yet alive.
Life-saving medications like insulin for diabetics, antibiotics to treat and cure once-deadly infections, blood pressure medications which reduced strokes and many other hypertension-associated health problems, even the plastic bags which contained Normal Saline – typically given as adjunctive intravenous therapy in hospitals – began to be manufactured overseas, and along with it, came precipitous price hikes. So-called “pharma bros” took shockingly unjust and unimaginably avaricious pecuniary advantage of old-line medications – which had for years been off-patent – and jacked up their prices 5000%, or more, which placed them out of reach for many whose very lives depended upon them.
The giant, sloppy, wet kiss given to the Pharmaceutical Industry by Republicans under President George W. Bush in Medicare Part D didn’t help. Pharmaceutical companies were allowed to, and did, raise their prices, and Medicare – the single largest purchaser of medications in the world – was forbidden from negotiating for better, lower prices by that same law, which in turn, passed the price increases along to the insured, most of whom live on nominal, and fixed incomes.
Exorbitant pharmaceuticals hold patients hostage to disease,
as hapless physicians and feckless regulators are
paralyzed to become
Wall Street extortionists’ socioeconomic ransom.
The Supreme Court’s 2010 ruling in “Citizens United v. Federal Election Commission” which solidified corporate personhood, and essentially said that “money is free speech” has neither helped. For if money was free speech, then the poor man would have none (thus violating the Constitution’s Equal Protection clause of the 14th Amendment, and the First Amendment which guarantees Freedom of Speech), and our laws were, and are, written for all equally.
They state further that, “Commission regulations provide a test, called the “irrespective test,” to differentiate legitimate campaign and officeholder expenses from personal expenses. Under the “irrespective test,” personal use is any use of funds in a campaign account of a candidate (or former candidate) to fulfill a commitment, obligation or expense of any person that would exist irrespective of the candidate’s campaign or responsibilities as a federal officeholder.”
But indirectly?
That’s a horse of an entirely different color.
In the white-collar criminal underground, that’s called “money laundering,” which is the practice of shifting money through legitimate business enterprises in order to make it appear as if the money was obtained legitimately.
And that is but one reason why the FBI encourages accounting majors in university to consider joining their service – because scouring the financial books of businesses and other entities takes a well-trained eye to discern criminal wrong-doing.
With that remark in part, he announced his candidacy to be the GOP’s nominee for President.
Of note, that was also when he’d made his now-infamous remark that, “When Mexico sends its people, they’re not sending their best. They’re not sending you. They’re not sending you. They’re sending people that have lots of problems, and they’re bringing those problems with us. They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people. But I speak to border guards and they tell us what we’re getting. And it only makes common sense. It only makes common sense. They’re sending us not the right people. It’s coming from more than Mexico. It’s coming from all over South and Latin America, and it’s coming probably — probably — from the Middle East. But we don’t know. Because we have no protection and we have no competence, we don’t know what’s happening. And it’s got to stop and it’s got to stop fast.”
Posted by Warm Southern Breeze on Sunday, July 21, 2019
It’s said that “power corrupts, and absolute power corrupts absolutely.”
Though Lord Acton (John Emerich Edward Dalberg Acton (1834–1902), the first Baron Acton) is often attributed with originating that phrase in an 1887 letter to Bishop Mandell Creighton, the idea itself was not new to him, and was known to have been expressed in 1770 by in a speech to the UK House of Lords by William Pitt the Elder, Earl of Chatham, who was British Prime Minister 1766–1778.
Our nation’s Founders understood that principle quite well, as evidenced by the systems of oversight, and the establishment of three separate, co-equal branches of government which they established via the Constitution – which was ratified June 21, 1788.
Absolute power, in a market sense, is about money and corrupting influence that almost always accompanies unchecked concentrated power. In this era, we see it commonly as a desire to abolish rules, regulations, and laws designed to protect the people.
That’s but one underlying reason why the GOP wants to abolish “ObamaCare” – so that power (and money) may be concentrated in the hands of the already-powerful.
Posted by Warm Southern Breeze on Thursday, May 2, 2019
Editor’s Note: This article was originally written 11 May 2015, though unpublished. The TPP (Trans-Pacific Partnership), is/was a “free-trade” pact among the nations of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and United States signed on 4 February 2016, though it was NOT ratified, and thus, did NOT take effect. All 12 members nations signed the TPP 4 February 2016.
However, because it was NOT ratified by all signatories before 4 February 2018, it will become effective ONLY after ratification when at least 6 nations with a combined GDP of more than 85% of the GDP of all signatories have signed.
Further, because the United States withdrew from the TPP, it also significantly and adversely affected it. The TPP agreement will become active only after all signatories have ratified it within two years of signing.
—//—
President Obama recently criticized Massachusetts Senator Elizabeth Warren (D) for her clarion call warning of the potential damage the Trans-Pacific Partnership could do to United States’ economy.
Sen. Warren has said that “This is hardly a hypothetical possibility: We are already deep into negotiations with the European Union on a trade agreement and big banks on both sides of the Atlantic are gearing up to use that agreement to water down financial regulations.”
The President countered saying, “This is pure speculation. She and I both taught law school, and you know, one of the things you do as a law professor is you spin out hypotheticals. And this is all hypothetical, speculative.”
President Obama further dismissed her criticisms out of hand saying, “she’s absolutely wrong,” about the concerns she and others have raised, and appeared to throw down the gauntlet for open, frank discussion of the still-secret trade pact which would include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
The President gives the USTR broad power to keep secret information about the trade policies it advances and negotiates.
United States Senator Ron Wyden (D-OR) said, “More than two months after receiving the proper security credentials, my staff is still barred from viewing the details of the proposals that USTR is advancing.”
A Senate bill – S. 3225 – which would require the Office of the U.S. Trade Representative (USTR) to disclose all its TPP (Trans-Pacific Partnership) documents to every member of Congress was introduced May 23, 2012 by Sen. Wyden, who is Chairman of the Senate Finance Committee’s Subcommittee on International Trade, Customs, and Global Competitiveness. In that capacity, his office is responsible for conducting oversight over the USTR and trade negotiations.
Speaking from the Senate floor, Sen. Wyden said the purpose of the bill was “to ensure that the laws and policies that govern the American people take into account the interests of all the American people, not just a privileged few. Congress passed legislation in 2002 to form the Congressional Oversight Group, or COG, to foster more USTR consultation with Congress. I was a senator in 2002. I voted for that law and I can tell you the intention of that law was to ensure that USTR consulted with more Members of Congress, not less.”Read the rest of this entry »
Posted by Warm Southern Breeze on Wednesday, January 16, 2019
NPR, along with a few other news reporting agencies, has today published a story detailing how the Sackler family – with an estimated net worth of $13 Billion and listed by Forbes as the 19th wealthiest family in the United States – whose privately-held Purdue Pharma falsified, neglected, and purposely withheld information, and aggressively peddled their habit-forming narcotic medication branded as “OxyContin” to physicians, hospitals, and medical colleges as an acceptable, even benign medication for pain relief, despite overwhelming evidence to the contrary.
Purdue Pharma President Richard Sackler, and wife Beverly are the biggest narco-traffickers in the United States.
In a 274 page filing, the Massachusetts Attorney General, Maura Healey, carefully detailed how the Sackler family carefully and deliberately manipulated, and crafted opportunities with Massachusetts’ legislators, regulators, and others, to sell increasing volumes of the narcotic medicine.
The documents state that in a 2-15-2011 email, after one week of prescriptions doubled the company’s profit forecasts, Richard Sackler wrote to the sales staff that “I had hoped for better results.”
But here’s where an otherwise LEGAL pharmaceutical firm became complicit with international narco-traffickers and street-level drug pushers, rapidly escalated America’s Opioid Crisis, and in the process became equals with terrorists like al Qaeda and the Taliban.
Posted by Warm Southern Breeze on Tuesday, December 25, 2018
Musicians and artists are the voices of the prophets.
They ARE our prophets.
Their consciences are often our nation’s collective voice of conscience. For many radio stations, the only profit they care about is traded on Wall Street, and their consciences are not tethered to trouble, or pricked by care for others’ problems. Their profit is all that matters, for their god is green and cold, and easily fits into any wallet. It has crowded out natural love in the calculi of their now-inhuman hearts.
And, for one reason, or another, it seems that these days, there are very few voices “crying in the wilderness,” or elsewhere, about social injustice.
But three years ago – in 2015 – musician/artist Chip Taylor wrote a song entitled “Refugee Children.” It should be heard by everyone, though it certainly hasn’t.
Whether one is a believer in the story of the virgin birth, or any god, the basic fundamental element of that ageless story is that a small family with a young pregnant bride were refugees, homeless, with only the clothes on their backs.
Any well-read person, regardless of any religious belief, or not, should be familiar with the story told in Read the rest of this entry »
Posted by Warm Southern Breeze on Monday, December 24, 2018
But not in ‘Murka. We’se too smart f’dat!
Why can’t America have nice things?
Because the Republicans are stealing the money to pay for any of it, and giving it to their rich friends.
Authorities in Australia have expressed worries about the number of drones being flown in restricted areas in recent months.
Almost 140,000 air travellers were delayed last week after reports of drone sightings caused huge delays at Gatwick Airport in England. UK police are still searching for the culprits, although they have also raised the possibility that witness reports of the aircraft were mistaken.
The incident “highlights” the need for a drone-spotting capability, Casa spokesman Peter Gibson told the news agency Agence France-Presse.
The surveillance system would be able to spot the types of drone being flown, read their serial numbers and work out where the pilot was located, he said.
Efforts to identify pilots would be aided by the introduction of the registration scheme for commercial and casual drone owners, he added.
Anyone breaking rules could face fines of up to 10,000 Australian dollars ($7,058; £5,600) as well as checks on the safety of their craft.
“2019 will be a drone safety crackdown,” said Mr Gibson.
As well as airports and other sensitive locations, the drone-spotting systems will be installed in other places known to be popular with drone owners such as the Sydney Harbour Bridge.
Posted by Warm Southern Breeze on Thursday, December 21, 2017
Why Can’t Alabama Have Nice Things? -or- Why FCC’s Net Neutrality Repeal Could Be Good For Alabama’s Economy
Already, following quickly on the heels of GOP FCC Chairman Ajit Pai’s (a former corporate lawyer for Verizon) Net Neutrality repeal, ISPs (Internet Service Providers) such as Comcast, Cox Communications, and Frontier Communications have announced increased costs starting January. see: https://www.digitalmusicnews.com/2017/12/19/comcast-cox-frontier-net-neutrality/
<sarcasm>I suppose the “savings” regular families get from the GOP’s Tax Scam bill will offset any additional costs.</sarcasm>
Now, here’s the (easy to understand) “deal”:
Those firms want to increase sales, and by extension, increase profits. Not merely margins. In order to do that, one must TRULY compete on a “level playing field.”
But, let’s consider another thought, that being of service. There are, even now, many areas in our nation WITHOUT ISP, or options. It’s VERY “close to home.”
For example, I can drive 30-45 minutes and be in a VERY remote area… which, until this point, had NO ISP, save for satellite service. At my urging, relatives, whose example I am referencing, began to collaborate with their neighbors to get ISP to “lay line” to their, and others’ residences.
They (area residents) were already paying for a service (satellite ISP) which quality was poor, unreliable, and costly. The “wire line” ISP (falsely) claimed that to extend service to that area (even though it was already nearby – at the road), would not be “profitable.” I demurred, urged and encouraged them ALL THE MORE to Read the rest of this entry »
Posted by Warm Southern Breeze on Wednesday, December 6, 2017
By now, you’ve likely heard, or read about Paul Manafort’s bail being revoked.
Manfort, of course, was briefly then-candidate Donald Trump’s Presidential Campaign Manager, and has been arrested by the FBI as part of former FBI Director Robert Mueller’s (b.1944) ongoing investigation into illegal activity by foreign nations in the United States, some of which may have been related to the General Election of 2016.
Manfort (b.1949) is a Georgetown University School of Law-educated attorney, and among other activities, has made his money lobbying for, and advising the national political campaigns of such presidential candidates as Gerald Ford, Ronald Reagan, George H.W. Bush, and Robert “Bob” Dole.
Manafort has also advised political campaigns in totalitarian dictatorial regimes, and has lobbied for, advised, and represented some highly unsavory international criminal characters including Read the rest of this entry »
Posted by Warm Southern Breeze on Sunday, August 6, 2017
Mark Weber, who blogs as “Jersey Jazzman,” is earning his Doctorate in Research and Statistics while teaching in a New Jersey public school. He is a sharp critic of shoddy research, especially of charter schools’ fantastical claims.
Journalists, who have little expertise in evaluating research claims, eagerly, though ignorantly, promote such unsound claims by writing things like School X produces an additional “number of days of learning.”
That happened most recently in Texas, where charter schools finally matched the test scores of public schools – aka so-called “failing schools” for which charter schools are supposed to be the rescuers.
Posted by Warm Southern Breeze on Saturday, April 1, 2017
Recently, in response to posts of the images herein, some made remarks pursuant to Americans’ involvement in Russian matters. More specifically, they concerned visits by retired Lt. Gen. Mike Flynn’s December 2015 visit to Russia in December, and Rex Tillerson’s 2013 award by Vladimir Putin.
Me: “The image of United States Secretary of State Rex Tillerson with Putin is from Putin’s award to him with Russia’s Order of Friendship medal in 2013.
“Here’s another goodie!
“Michael Flynn and Vladimir Putin at a 2015 dinner for the RT news channel in Moscow. RT is Russia’s propaganda “news” agency, along with “Sputnik.” Photograph: Michael Klimentyev/ Sputnik/Kremlin/EPA”
A: “You can also find where Obama and his cronies met with Russians too”
Me: When President Obama met with Putin at the G8 and G20 summits, it was in his official capacity as President and world leader.
“When Mike Flynn met with Putin December 10, 2015, he did so as a private citizen/civilian, because he retired from the Army in April 2014 after he had been fired from his position as Director of Defense Intelligence Agency because, which as Colin Powell had been told by Defense Intelligence Agency director Vincent R. Stewart, was because Flynn was “abusive with staff, didn’t listen, worked against policy, bad management, etc.”
Michael Flynn (seated LEFT, holding device to ear) and Vladimir Putin (seated RIGHT) at a December 10, 2015 dinner for the RT news channel in Moscow. RT is Russia’s propaganda “news” agency, along with “Sputnik.” Photograph: Michael Klimentyev/ Sputnik/Kremlin/EPA
“After he retired from the Army, Flynn went to work for RT, which is the Russian government-supported propaganda agency. Flynn is also a Registered Foreign Agent with the Justice Department.
“In their January 2017 report “Assessing Russian Activities and Intentions in Recent US Elections,” America’s intelligence agencies reported that RT was “The Kremlin’s principal international propaganda outlet” and that RT America is set up as an autonomous nonprofit organization “to avoid the Foreign Agents Registration Act.”
“Same thing for Secretary of State Rex Tillerson – who has never held public office or trust – he was a private citizen when Putin awarded him Russia’s Order of Friendship medal.
“And let me tell you something and make it EXPLICITLY CLEAR:
Anyone friendly to Russia is Read the rest of this entry »
Posted by Warm Southern Breeze on Monday, February 6, 2017
I am a FIRM PROPONENT of ENTREPRENEURSHIP, FREE ENTERPRISE, and FAIR COMPETITION.
For that reason, and others, I have NOT purchased an AB-InBev product in quite some time, not only because of the inferior quality of their products, but because it is a greedy, global, monolithic oligopolic (virtually monopoly) enterprise.
It is NOT an American company, and ceased being an American company when it SOLD OUT to the Belgian brewing company InBev for around $52 billion in 2008. From then, the company was named AB-InBev.
Posted by Warm Southern Breeze on Monday, February 6, 2017
Nick Hanauer, a multi-billionaire about whom few have likely heard, authored a highly publicized article not too long ago warning about wealth inequity. Increasingly, the wealthy are realizing that a strategy of cutting taxes upon the wealthy and their corporations is not a recipe for American success, precisely for the reason that it adversely affects economic infrastructure, and jobs, among other damages.
However, one needn’t be wealthy to realize and understand that money, and the unreasonable desire for it known as avarice (an extreme form of greed), and the unwieldy power that accompanies it, are corrupting influences in any nation, and particularly in our United States because of SCOTUS ruling in the 2010 Citizens United v Federal Election Commission decision which Read the rest of this entry »
Posted by Warm Southern Breeze on Tuesday, December 6, 2016
Fact is, “ObamaCare” – which is properly known as the Patient Protection and Affordable Care Act, or ACA for short – though it’s monikered with POTUS Obama’s name, was largely a Republican brainchild from the über-conservative Heritage Institution.
Posted by Warm Southern Breeze on Saturday, November 26, 2016
Cuban President Raoul Castro – Fidel Castro’s younger brother – announced on Cuban television late last night (Friday, 25 November 2016) that Fidel had recently died, aged 90.
There are powerful lessons in Cuba for America.
Among them:
• When Corporations rule government, corruption inevitably ensues.
• American Foreign Policy has almost always favored Corporate Business Interests, especially in modern history.
• For well over 60 years, American Foreign Policy has largely been a disastrous failure.
The United States had dominated Cuba ever since the island nation became independent from Spain following the Spanish-American War in 1898, and Castro deeply distrusted America for that reason. Shortly after he assumed power in Cuba, at the invitation the American Society of Newspaper Editors, Fidel Castro made his only trip to the United States, and later met with then-Vice President Richard Nixon April 15, 1959 shortly before returning to Cuba. Eisenhower purposely avoided Castro, and specifically played golf that day to avoid any possible opportunity of meeting with him. Within four months of Castro’s trip to Washington D.C., the Eisenhower administration had drawn up a plan to overthrow him.
“In a manner certain to antagonize the Cuban people, we used the influence of our Government to advance the interests of and increase the profits of the private American companies, which dominated the island’s economy. At the beginning of 1959 U.S. companies owned about 40% of the Cuban sugar lands – almost all the cattle ranches – 90% of the mines and mineral concessions – 80% of the utilities – and practically all the oil industry – and supplied two-thirds of Cuba’s imports.”
Acknowledging that it was a “glaring failure of American foreign policy… that our own shortsighted policies helped make,” then-Senator John F. Kennedy, remarked at a Democratic Dinner, Cincinnati, Ohio, October 6, 1960 that Cuban regime change under Castro “ended in the overthrow of the brutal, bloody, and despotic dictatorship of Fulgencio Batista.”
Ironically, under Batista, the twice-president tyrannical military dictator of Cuba, the idyllic island nation was Read the rest of this entry »
In the interview, among the comments Hawking made was that “We certainly have not become less greedy or less stupid. The population has grown by half a billion since our last meeting, with no end in sight. At this rate, it will be eleven billion by 2100.”
Posted by Warm Southern Breeze on Thursday, May 26, 2016
The Mosaic Scriptural principle (which is also referenced in the New Testament) that “you should not muzzle the ox that treads out the grain” is certainly a principle with and by which we should compensate people for their labor. However, there is little disagreement that the committees that set the rewards far too often overcompensate those whom are charged with organizational oversight.
There is something to be said for fair and just compensation according to the terms of a contract, and the wishes and desires of those whom issue them.
Posted by Warm Southern Breeze on Thursday, August 20, 2015
In 9 Sins the Church Is Okay With, Frank Powell asks “Are we changing the Bible to fit our culture or are we changing our culture to fit the Bible?”
“What if the big sins, you know the ones you try hardest to avoid, aren’t the greatest threat to your joy and the church’s mission?
“Maybe it’s the sins lying underneath, the ones considered normal or acceptable, the ones going undetected, that are affecting the church the most.”
His questions are, of course, spot on.
In fact, one could hardly argue with the evidence which consists of vast, tax-free empires built upon the backs of the faithful by the likes of:
Joel Osteen (USA) Net Worth $40 Million;
Robert Tilton (USA) Net Worth $830 Million;
Benny Hinn (USA) Net Worth $42 Million;
Joyce Meyer (USA) Net Worth $8 Million;
Kenneth Copeland (USA) Net Worth UNKNOWN (has claimed he’s a billionaire, no such public records exist documenting his claim);
Creflo Dollar (USA) Net Worth $27 Million;
Eddie Long (USA) Net Worth $5 Million;
Randy & Paula White (USA) Net Worth $2 Million;
Joseph Prince (Singapore) Net Worth $5 Million;
Chris Okotie (Nigeria) Net Worth $10 Million;
Matthew Ashimolowo of Nigeria Net Worth $10 Million;
T.B. Joshua (Nigeria) Net Worth $15 Million;
T. D. Jakes (USA) Net Worth $18 Million;
Paul (late) & Jan Crouch (USA) Net Worth (estimated TBN $1 Billion+);
Chris Oyakhilome (Nigeria) Net Worth $50 Million;
David Oyedepo (Nigeria) Net worth: $150 Million.
Obviously, their “prosperity gospel” message is working quite well for them.
For others, no so much.
And that’d probably cover Avarice, Hubris, and Boasting – or, if you prefer, Greed, Extravagance, and Pride.
But there again, our nation’s laws actually encourage greed through religion by not taxing churches. In fact, John Oliver recently pointed out that “U.S. tax law allows television preachers to get away with Read the rest of this entry »
Posted by Warm Southern Breeze on Sunday, July 12, 2015
A dear friend who is a long-time retiree, aged 78 years, entire subsistence is from a meager pension (earned from a lifetime of work in a unionized organization), supplemented with a paltry Social Security check.
She’s lived through breast cancer surgery (mastectomy) & reconstruction, other major surgeries (knee replacements) and procedures, and lives in a trailer which she owns, situated upon a lot which she rents. She has resided there many, many years.
Posted by Warm Southern Breeze on Thursday, April 30, 2015
UPDATE: Sunday, 14 June 2015 – Found following main body
—
Today (Thursday, 30 April 2015) the Alabama State Senate knocked off at 11:30, and reconvened 1PM. It’s also the final day of the Legislative Session for the week – they only work three days each week – Tuesday, Wednesday, and Thursday.
An hour and a half – that’s a nice, long lunch break for a wealthy man, a powerful man – not a working man. It’s pretty cushy for someone who works three days a week, only 30 days a year. Reckon how your boss would respond if you asked for a three-day work week and a 30-day work year?
How long do you get for lunch?
Most folks get 30 minutes.
The Alabama Senate gets THREE times longer than most working folks.
But then, excesses in Alabama state politics is nothing new.
Recall that – by law– the Alabama Legislature is limited to work <30 days/year (in a 105 day period) & for that privilege, citizens & taxpayers fork over $50K+/yr in pay & compensation to them – 35 in the Senate, and 105 in the House.
TOTAL=140 men (mostly) & women.
In stark contrast, New Mexico’s State Legislators are a Volunteer Legislature (they’re elected, yes, but unpaid), and during Session, by State Law receive a Daily Federal Per Diem, and Two-Way Mileage once during a session EXCLUSIVELY.
Legislative pay in Alabama has been a hot-button issue, particularly in recent years – and, it’s unnecessarily complicated. By State Constitutional Law, their “official” pay is Read the rest of this entry »
Posted by Warm Southern Breeze on Wednesday, July 16, 2014
What should one expect when the whole damn defense industry has been whored out to arm the krazees of the world?
In a very prophetic manner, in his Farewell Address to the nation, January 17, 1961, then-President Dwight David Eisenhower warned about the “military industrial complex,” saying:
“We annually spend on military security more than the net income of all United State corporations.
“This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence-economic, political, even spiritual-is felt in every city, every state house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society.
“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
“We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted only an alert and knowledgeable citizenry can compel the proper meshing of huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.”
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US sells $11 BILLION worth of arms to Qatar
Published time: July 15, 2014 09:46
Edited time: July 16, 2014 12:55
US Defense Secretary Chuck Hagel (L) and Qatar’s Minister of State for Defense Affairs Hamad bin Ali al-Atiyah (C) arrive for a weapons sales signing ceremony at the Pentagon on July 14, 2014 in Washington, DC. (AFP Photo / Mandel Ngan)
US Defense Secretary Chuck Hagel (L) and Qatar’s Minister of State for Defense Affairs Hamad bin Ali al-Atiyah (C) arrive for a weapons sales signing ceremony at the Pentagon on July 14, 2014 in Washington, DC. (AFP Photo / Mandel Ngan)
Washington and Doha have signed the largest arms deal of the year, preparing to enhance Qatar’s military capabilities with $11 billion-worth of Apache assault helicopters, PAC-2 missile defense complexes and Javelin man-portable anti-tank missiles.
The deal has been signed on Monday in Pentagon by US Defense Secretary Chuck Hagel and Qatari Defense Minister Hamad bin Ali al-Attiyah. Altogether Qatar is buying 10 batteries of Patriot missile defense systems and 500 Javelin anti-tank missiles manufactured by US defense industry giants Raytheon and Lockheed Martin, and 24 Apache helicopters made by Boeing, an anonymous US official told the AFP.
Lately, much has been made of raising the Minimum Wage, which does nothing more than establish a minimum standard.
But who cares about minimums?
We should strive to exceed!
Some well-known, publicly-traded, highly profitable firms, however, revel in greed, and wallow in the slop, when they can do far better for the employees who operate their businesses.
The question is often asked “why pay unskilled workers $10 or even more per hour?”
It’s a valid question, and deserves a genuinely thoughtful response.
For instance, shopping. If Walmart doesn’t have it, the nearest outlet is at least two hours away. Now, a Swiss investment firm has announced plans to Read the rest of this entry »
Angola, Africa’s second-largest oil producer, is regarded as one of the most corrupt countries in the world. And American oil lobbyists are only making the situation worse: They are exploiting Angola by seeking to delay and weaken the implementation of a crucial U.S. transparency law.
That law, Section 1504 of the Dodd-Frank Act, also known as the Cardin-Lugar amendment, promises a breakthrough in preventing dirty deals and illicit payments being made for natural resources around the world, similar to the shady transaction recently uncovered by Foreign Policy. If implemented fully, the law would make U.S. oil and mining companies disclose the payments they make to governments across the world, including in Angola. However, oil lobbyists have been making misguided arguments that laws in Angola and three other countries prevent the required disclosures.
Off Shore Oil Drilling Rig – MARTIN BUREAU/AFP/Getty Images
Angolan officials secretly profiting from the country’s oil riches is not a surprise. It is only the latest episode in a sad history that goes back for decades. Global Witness, where we work, began exposing the complicity of the international oil and banking industries in the plundering of state assets during Angola’s 40-year civil war in our 1999 report A Crude Awakening. This was followed by our 2002 report All the Presidents’ Men, which called on the oil companies operating in Angola to “Publish What You Pay” (PWYP). Under this rallying call, Global Witness co-launched the PWYP campaign, which is now an international coalition of more than 790 civil society organizations in over 60 countries, including Angola, advocating for transparency laws such as Section 1504.
These efforts are intended to prevent scandals similar to the Trafigura deal covered in Foreign Policy, which provide a glimpse of the endemic corruption in Angola‘s oil industry. Only a few days before Foreign Policy published its story, media reports about leaked documents relating to other corruption claims caused the share price of SBM Offshore, a Dutch oil services company operating in Angola, to plummet 17.9 percent when markets opened. SBM released a statement challenging the validity of the leaked documents, saying that they are partial, taken out of context, contain outdated information, and are not representative of the facts. SBM had also already disclosed to its investors that it was conducting an internal investigation into questionable payments in Angola. However, the dramatic stock drop suggests that SBM investors had not anticipated the scale of the corruption risk exposure.
Another oil services company active in Angola, Weatherford International, which is listed on the New York Stock Exchange and headquartered in Switzerland, has recently pleaded guilty to violations of the U.S. Foreign Corrupt Practices Act (FCPA), including bribery of the executives of Sonangol, Angola’s state oil company. It has agreed to pay fines of $253 million to settle the case, one of the largest FCPA settlements ever.
These cases illustrate the urgent need for transparency in Angola’s oil sector. The successful implementation of Read the rest of this entry »
Posted by Warm Southern Breeze on Thursday, July 4, 2013
Reverend Carl Ralph Nuss, Cullman, Alabama, has plead GUILTY to violating Federal Law – Servicemembers Civil Relief Act.
This is how he treats our troops?
I have nothing good to say about this, save that he plead guilty.
I hope the judge gives this criminal the maximum sentence.
And you know what else is REALLY sad?
Reverend Carl R. Nuss
Carl R. Nuss is a minister of the Gospel.
Apparently – and sadly so – he doesn’t know the Gospel too well.
Hopefully, this criminal and his criminal enterprise will soon be put out of business.
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CullmanCar DealerPleads Guilty to Violating Legal Protections forActive-DutyService Members
FOR IMMEDIATE RELEASE
June 27, 2013
BIRMINGHAM – A Cullman used car dealer pleaded guilty today for violating federal protections for active-duty military service members by refusing to reduce the loan interest rate and repossessing the vehicle he sold to a man who was later deployed overseas with the Alabama National Guard, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Richard D. Schwein Jr.
THIS! is honest-to-goodness COUNTRY🥓BACON!!😋
Warm Southern Breeze 