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November 27, 2013
Revolving Door Sham: JPMorgan CFO Admits $7 Billion of DOJ Settlement is Tax-Deductible
http://www.truth-out.org/buzzflash/commentary/item/18327-revolving-door-sham-jp-morgan-cfo-admits-7-billion-of-doj-settlement-is-tax-deductibleo hear the number $13 billion dollars as a fine in the much-leaked-but-finally-announced Department of Justice (DOJ) settlement with JPMorgan Chase is meant to imply that the DOJ is getting tough on Wall Street. After all, $13 billion dollars is a jaw-dropping pile of money.
In reality, it is, according to The New York Times only "half the banks annual profit." As BuzzFlash at Truthout has pointed out in the past, that still means roughly $6.5 billion dollars in profit for the behemoth financial institution, no apparent cut in the oligarchical compensation of the likes of JPMorgan's chief executive, Jamie Dimon, and no major changes in the salaries or composition of Dimon's executive team.
Furthermore, the NYT reports that "Marianne Lake, JPMorgans chief financial officer, emphasized that $7 billion of the settlement was tax-deductible." In addition, as BuzzFlash reported in an earlier commentary, JPMorgan may -- if you can believe this -- may receive several billions of dollars in FDIC coverage that would offset as much as a third of the $13 billion fine.
But then we get down to the basic fact that the DOJ still cannot answer. How can a bank-too-bit-to-fail commit $13 billion worth of fraud and yet no one committed a crime? Yes, the agreement allows for a Sacramento US prosecutor to pursue some relatively minor criminal charges in California, but that looks like about it.
In reality, it is, according to The New York Times only "half the banks annual profit." As BuzzFlash at Truthout has pointed out in the past, that still means roughly $6.5 billion dollars in profit for the behemoth financial institution, no apparent cut in the oligarchical compensation of the likes of JPMorgan's chief executive, Jamie Dimon, and no major changes in the salaries or composition of Dimon's executive team.
Furthermore, the NYT reports that "Marianne Lake, JPMorgans chief financial officer, emphasized that $7 billion of the settlement was tax-deductible." In addition, as BuzzFlash reported in an earlier commentary, JPMorgan may -- if you can believe this -- may receive several billions of dollars in FDIC coverage that would offset as much as a third of the $13 billion fine.
But then we get down to the basic fact that the DOJ still cannot answer. How can a bank-too-bit-to-fail commit $13 billion worth of fraud and yet no one committed a crime? Yes, the agreement allows for a Sacramento US prosecutor to pursue some relatively minor criminal charges in California, but that looks like about it.
November 26, 2013
Starving boy and missionary
Diego Frazão Torquato, 12 year old Brazilian playing the violin at his teachers funeral. The teacher had helped him escape poverty and violence through music
A firefighter gives water to a koala during the devastating Black Saturday bushfires in Victoria, Australia, in 2009
The Graves of a Catholic woman and her Protestant husband, Holland, 1888
26 of the Most Thought Provoking Photographs of All Time (Graphic warning!)
http://indulgd.com/26-of-the-most-thought-provoking-photographs-of-all-time/Starving boy and missionary
Diego Frazão Torquato, 12 year old Brazilian playing the violin at his teachers funeral. The teacher had helped him escape poverty and violence through music
A firefighter gives water to a koala during the devastating Black Saturday bushfires in Victoria, Australia, in 2009
The Graves of a Catholic woman and her Protestant husband, Holland, 1888
November 26, 2013
Non Sequitur - fallout from the executive Christmas party
November 26, 2013
Republican votes to cut food stamps, then hosts "Hunger and Homelessness Summit"
That would be Wisconsin reality-show-lumberjack and guy-who-said-he-couldn't-make-it-on-only-$174,000-a-year Sean Duffy.
http://bloggingblue.com/2013/11/best-laugh-of-the-week-5/
If youre drinking something right now youd better swallow before you read this or youll have it shooting out your nostrils. Sean Duffy is hosting a Hunger and Homelessness Summit in Wausau on December 18th! Can you say brazen hypocrite? I knew you could!
Duffy voted to cut food stamp benefits by 40 billion dollars over the next ten years, has repeatedly voted to repeal the Affordable Care Act without offering an alternative which leaves working families vulnerable to medical bankruptcy and crushing debt, and when over 100 constituents gathered in front of his Wausau office in the summer of 2012 demanding that he support legislation that would increase the minimum wage one of his staffers called them a bunch of professional protesters . What a guy.
Heres an idea, Sean. Instead of posing for a campaign photo op at a summit of professional organizations that are actually trying to do something about these problems, why dont YOU do something too? Grow a spine and issue a public statement in support of the Fair Minimum Wage Act of 2013.
Fair wages puts a roof over the heads of, and food on the tables of, working families all across Wisconsin. Thats the Real World, Sean. Photo opportunities and cheap publicity stunts are mighty short on both shelter and nutritional value.
Duffy voted to cut food stamp benefits by 40 billion dollars over the next ten years, has repeatedly voted to repeal the Affordable Care Act without offering an alternative which leaves working families vulnerable to medical bankruptcy and crushing debt, and when over 100 constituents gathered in front of his Wausau office in the summer of 2012 demanding that he support legislation that would increase the minimum wage one of his staffers called them a bunch of professional protesters . What a guy.
Heres an idea, Sean. Instead of posing for a campaign photo op at a summit of professional organizations that are actually trying to do something about these problems, why dont YOU do something too? Grow a spine and issue a public statement in support of the Fair Minimum Wage Act of 2013.
Fair wages puts a roof over the heads of, and food on the tables of, working families all across Wisconsin. Thats the Real World, Sean. Photo opportunities and cheap publicity stunts are mighty short on both shelter and nutritional value.
November 26, 2013
Despite having only 9.9% of the state's population, the Madison metropolitan statistical area (MSA) has accounted for 36.9% of the state's total private job growth since Scott Walker took office, according to an analysis of the Quarterly Census of Employment and Salaries (QCES).
From January 2011 to January 2013, Madison created 21,548 of Wisconsin 58,322 private sector jobs, a speedy annual job growth rate that clocks-in at 4.4%. The Milwaukee MSA -- which accounts for 27.4% of Wisconsin's population and includes Waukesha, Washington and Ozaukee counties -- was a distant second at 14,730 private jobs created, which is an annual job growth rate of only 1.1%.
Overall the state's overall annual job growth of 1.3% has been well below the national annual job growth average of 2.2%, but without Madison, the annual rate of growth in Wisconsin has been a barely-moving .83%. In fact, if the rest of Wisconsin had experienced the same private job growth as Madison, the state would be on pace to have 388,183 new jobs by the end of Walker's first term-- far eclipsing his stated goal of 250,000.
Given these statistics, one would expect that the governor of Wisconsin to be spreading what's working in Madison to the rest of state, right? Nope. In fact, Governor Scott Walker takes every opportunity to belittle Wisconsin's capital city. Recently Walker said, "I think its pretty clear that you have two very different worlds in this state. You have a world driven by Madison and a world driven by everybody else in the state of Wisconsin."
Wisconsin: Walker's Inconvenient Truth: Job Creation Nearly Nonexistent Outside of Madison
http://www.uppitywis.org/blogarticle/walkers-inconvenient-truth-job-creation-nearly-nonexistent-outsiDespite having only 9.9% of the state's population, the Madison metropolitan statistical area (MSA) has accounted for 36.9% of the state's total private job growth since Scott Walker took office, according to an analysis of the Quarterly Census of Employment and Salaries (QCES).
From January 2011 to January 2013, Madison created 21,548 of Wisconsin 58,322 private sector jobs, a speedy annual job growth rate that clocks-in at 4.4%. The Milwaukee MSA -- which accounts for 27.4% of Wisconsin's population and includes Waukesha, Washington and Ozaukee counties -- was a distant second at 14,730 private jobs created, which is an annual job growth rate of only 1.1%.
Overall the state's overall annual job growth of 1.3% has been well below the national annual job growth average of 2.2%, but without Madison, the annual rate of growth in Wisconsin has been a barely-moving .83%. In fact, if the rest of Wisconsin had experienced the same private job growth as Madison, the state would be on pace to have 388,183 new jobs by the end of Walker's first term-- far eclipsing his stated goal of 250,000.
Given these statistics, one would expect that the governor of Wisconsin to be spreading what's working in Madison to the rest of state, right? Nope. In fact, Governor Scott Walker takes every opportunity to belittle Wisconsin's capital city. Recently Walker said, "I think its pretty clear that you have two very different worlds in this state. You have a world driven by Madison and a world driven by everybody else in the state of Wisconsin."
November 26, 2013
http://www.dailyrecord.co.uk/news/health/doctors-say-looking-busty-women-1107578
Sorry about the source, but they do cite a highly regarded medical journal.
I'm going to live forever!
Doctors say looking at busty women for 10 minutes a day is good for your healthhttp://www.dailyrecord.co.uk/news/health/doctors-say-looking-busty-women-1107578
STARING at busty women can lengthen your life, scientists have proved. A German study, published in the New England Journal of Medicine, concludes that staring at women's breasts for a few minutes daily is better for your health than going to the gym.
"Just 10 minutes of looking at the charms of well-endowed females is equivalent to a 30-minute aerobics work-out," said author Dr Karen Weatherby, an expert on ageing. The research team, led by Dr Weatherby, spent five years monitoring the effects of this unique discovery.
The men who were told to stare at bosoms daily had lower blood pressure and slower resting pulse rates and also decreased their risk of coronary artery disease.
Dr Weatherby explained: "Sexual excitement gets the heart pumping and improves blood circulation.
"Just 10 minutes of looking at the charms of well-endowed females is equivalent to a 30-minute aerobics work-out," said author Dr Karen Weatherby, an expert on ageing. The research team, led by Dr Weatherby, spent five years monitoring the effects of this unique discovery.
The men who were told to stare at bosoms daily had lower blood pressure and slower resting pulse rates and also decreased their risk of coronary artery disease.
Dr Weatherby explained: "Sexual excitement gets the heart pumping and improves blood circulation.
Sorry about the source, but they do cite a highly regarded medical journal.
November 25, 2013
How guitars work.
November 24, 2013
Your chance to ask Mary Burke why she supports Geobic mining, offshoring jobs and voucher schools
You are invited to a meet and greet with
Mary Burke
Democratic Candidate for Governor
Tuesday, November 26th, 2013
6:00PM to 7:00PM
Irish's Bar
10 Western Avenue
Fond du Lac, WI 54935
To RSVP, click here
November 24, 2013
What does the US have in common with Lesotho, Swaziland and New Guinea?
November 24, 2013
One of the problems.
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