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alwaysinasnit

Profile Information

Name: Dolores
Gender: Female
Hometown: California
Home country: USA
Current location: California
Member since: Thu Nov 30, 2017, 02:58 PM
Number of posts: 1,003

Journal Archives

Two of capitalism's biggest defenders just confessed that it's no longer working for a lot of

Americans.

https://www.rawstory.com/2019/03/capitalism-isnt-working-everyone-even-free-market-champions-realize/

Most of us have figured that out but I think it is significant that some experts are now admitting it too. It's a start at any rate.
Posted by alwaysinasnit | Mon Mar 18, 2019, 02:38 PM (13 replies)

While we are being distracted with 45's shenanigan's, this is happening...

https://www.nytimes.com/2019/03/06/business/bank-regulation.html?action=click&module=Top%20Stories&pgtype=Homepage

The Federal Reserve said it would adjust the structure of its annual “stress tests,” which measure the ability of leading banks to withstand a potential economic or financial storm. The changes are likely to make it easier for banks to get regulatory approval to pay higher dividends or buy back their own shares.

Separately, a federal oversight panel announced that it planned to no longer designate big, non-bank financial institutions — insurers, asset managers and the like — as “systemically important.” The classification subjected such firms to more intrusive government regulation.

Taken together, the announcements on Wednesday represented a big win for the financial industry, which has been arguing since the Obama administration that a flurry of regulations imposed following the financial crisis were onerous and made it harder for banks to make loans and support economic growth. Bank executives also argue that because the industry is much financially stronger than it was a decade ago,many recent regulations are now unnecessary.
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Critics, however, argued that the relaxation of the rules, while financially beneficial to bank shareholders and executives, will lead to a less safe, less transparent financial system that is more vulnerable to a repeat of last decade’s devastating crisis.


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Opening the door to another severe recession like the one we had 11 years ago????
Posted by alwaysinasnit | Wed Mar 6, 2019, 11:20 PM (4 replies)

To the thoughtful senders of hearts, my sincere appreciation and I wish you tranquility and health.

Posted by alwaysinasnit | Sat Feb 9, 2019, 03:17 AM (2 replies)

To whomever sent me that heart, you made my day (and then some). Many thanks!

Posted by alwaysinasnit | Fri Feb 8, 2019, 03:54 AM (3 replies)

tRump's talking smack about Venezuela seems to be a distraction, but if this administration does

decide to use military action, then Venezuela is an easier target than John Bolton's wet dream of attacking Iran. However, I think it is important to acknowledge that US policy regarding Latin America is one that we should not be proud of.

https://www.alternet.org/2019/01/cia-in-venezuela-7-rules-for-regime-change/

Posted by alwaysinasnit | Wed Jan 30, 2019, 09:38 PM (0 replies)

Can Republican congress critters be considered "accessories after the fact" if they continue

to defend or even stand by and do nothing (complicit) to remove tRump after these last devastating filings by Mueller and SDNy?

Accessory After The Fact
Definition

An accessory-after-the-fact is someone who assists 1) someone who has committed a crime, 2) after the person has committed the crime, 3) with knowledge that the person committed the crime, and 4) with the intent to help the person avoid arrest or punishment. An accessory after the fact may be held liable for, among other things, obstruction of justice.

Any thoughts?
Posted by alwaysinasnit | Sat Dec 8, 2018, 06:20 PM (8 replies)

What the President Could Do If He Declares a State of Emergency

https://www.theatlantic.com/magazine/archive/2019/01/presidential-emergency-powers/576418/


It would be nice to think that America is protected from the worst excesses of Trump’s impulses by its democratic laws and institutions. After all, Trump can do only so much without bumping up against the limits set by the Constitution and Congress and enforced by the courts. Those who see Trump as a threat to democracy comfort themselves with the belief that these limits will hold him in check.

But will they? Unknown to most Americans, a parallel legal regime allows the president to sidestep many of the constraints that normally apply. The moment the president declares a “national emergency”—a decision that is entirely within his discretion—more than 100 special provisions become available to him. While many of these tee up reasonable responses to genuine emergencies, some appear dangerously suited to a leader bent on amassing or retaining power. For instance, the president can, with the flick of his pen, activate laws allowing him to shut down many kinds of electronic communications inside the United States or freeze Americans’ bank accounts. Other powers are available even without a declaration of emergency, including laws that allow the president to deploy troops inside the country to subdue domestic unrest.

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OMG! What if tRump pulled some of this crap?
Posted by alwaysinasnit | Thu Dec 6, 2018, 05:41 PM (6 replies)

Pentagon fails audit.

https://www.reuters.com/article/us-usa-pentagon-audit-idUSKCN1NK2MC

"The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve."

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Rather than continuing to throw money down this black hole, the Pentagon budget should be slashed after every year that it fails an audit. That way, maybe we can limit boondoggles like the F-35's.

https://www.cnbc.com/2014/07/31/how-dods-15-trillion-f-35-broke-the-air-force.html
Posted by alwaysinasnit | Thu Nov 15, 2018, 04:22 PM (6 replies)

Democrats pick up first GOP House seat -- Jennifer Wexton defeats Barbara Comstock in VA-10

Source: Rawstory

Congressional Democrats have claimed their first big House win of the night.

Multiple pollsters are projecting that Democrat Jennifer Wexton has defeated incumbent Rep. Barbara Comstock in Virginia’s 10th Congressional district.

Cook Political analyst Dave Wasserman projects that Wexton has won by ten percentage points, which was in line with what polls conducted in the district were predicting.

Read more: https://www.rawstory.com/2018/11/democrats-pick-first-gop-house-seat-jennifer-wexton-defeats-barbara



Bit of good news.
Posted by alwaysinasnit | Tue Nov 6, 2018, 09:51 PM (3 replies)

"Wealthy tax cheats?" written by David Cay Johnston

https://www.dcreport.org/2018/11/01/tax-cheating-its-not-just-the-trumps/
Posted by alwaysinasnit | Sun Nov 4, 2018, 12:48 AM (0 replies)
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