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Bill USA

Profile Information

Member since: Wed Mar 3, 2010, 04:25 PM
Number of posts: 3,451

About Me

Quotes I like: "Prediction is very difficult, especially concerning the future." "There are some things so serious that you have to laugh at them.” __ Niels Bohr Given his contribution to the establishment of quantum mechanics, I guess it's not surprising he had such a quirky of sense of humor. ......................."Deliberate misinterpretation and misrepresentation of another's position is a basic technique of (dis)information processing" __ I said that

Journal Archives

Israeli army says three kidnapped teenagers found dead

Source: Washington Post

JERUSALEM — The Israeli army confirmed Monday evening that search teams found the bodies of three kidnapped Israeli teenagers, and Prime Minister Benjamin Netanyahu vowed that the Islamist militant group accused of the abductions would pay a heavy price.

Speaking at the start of a meeting of his security cabinet following the grisly discovery, Netanyahu said, “Hamas is responsible, and Hamas will pay.” He said the three “were kidnapped and murdered in cold blood by wild beasts.” The teenagers were abducted June 12 as they made their way home from their religious school in the Israeli-occupied West Bank.

While few details were released on the exact fate of the three teens, security officials said the bodies of Naftali Fraenkel and Gilad Shaar, both 16, and Eyal Yifrach, 19, were found in an open area close to Hebron, in the West Bank, near the location where the teens disappeared. Fraenkel was a dual U.S.-Israeli citizen.

Lt. Col. Peter Lerner, an Israeli army spokesman, said the bodies were discovered around 5 p.m. Monday afternoon by civilian volunteer searchers near the village of Halhul just north of Hebron.
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Read more: http://www.washingtonpost.com/world/middle_east/three-kidnapped-israeli-teenagers-found-dead-reports-say/2014/06/30/4e6a271a-007a-11e4-8572-4b1b969b6322_story.html

NBC's Cynthia Mcfadden asks Jarrett - "what happened?" to Pres. Obama's approval ratings

... once again we have a GOP toady of M$M asking "what happened" to the President's approval ratings, as if they in the M$M haven't been passing on the GOP narrative that everything is Obama's fault - as if the GOP haven't been sabotaging everything the President and the Democrats have been trying to do and setting records for filibustering - which the fascist fearful M$M hasn't considered newsworthy.


http://www.democraticunderground.com/11741180

Cynthia McFadden 'did her bit' for the GOP cause in her interview of Valerie Jarrett she asked:

https://www.nbcumv.com/%E2%80%9Cmeet-press%E2%80%9D-clips-transcript-%E2%80%93-sunday-june-29-2014

CYNTHIA MCFADDEN: So the president came into office with an astounding approval rating and it's now down to 41%. What happened?

VALERIE JARRETT: Look, we're going through some tough times now. But I'll tell you something that I learned very early in the first campaign, is that you just can't look at the daily polls. I mean, my goodness, if we listened to the polls, he would've abandoned the race in the middle of the primary session.




I really wish one Obama administration rep would answer such a question - where the interviewer is playing dumb about their complicity in helping to sell the GOP narrative that leaves out their dedicated sabotage of everything Obama and the Democrats have tried to do to repair the economy from the Republican's Trickle Down disaster.....something like the following:



"Well, I think the people are frustrated by the Government's slow progress on building an economic recovery to the Trickle Down - Deregulation disaster - and on other matters. But gosh Cynthia, certainly you know that the public's impression of the President - and of others in Washington - is dependent a lot upon where they get their news - and how the news is reported. Most people get their news from you people in the M$M.

And I'm surprised, Cynthia you'd ask that question when you know since the President came into office you people in the M$M must have had hundreds of conversations - with the usual favored pundits - about the President's "leadership" while during that same time period the word "filibuster" seems to have been taboo on M$M. In fact I don't think since President Obama came into office the word 'filibuster' has passed the lips of anyone on M$M - even though the Republicans have set new records for filibustering (formally and by amendment) during that time period. The result is the latest Congress has been recognized - in the print media anyway - as the least productive Congress in our history.

But tell me, Cynthia, because I am not a media news producer - why is it nobody in M$M has whispered the word 'filibuster' since President Obama entered the White House, despite the fact that the Republicans have set records for filibustering..??? Explain that to me please, Cynthia, how THAT is not news?

... Far be it from me to accuse anybody of promulgating disinformation, but do you think that this kind of selective reporting of the news might have something to do with the public's attitude re the President?"



>>>>... what do you have to say Cynthia? .... Oh, cat got your tongue?





.... M$M worried about losing audience to the internet would be better served by actually reporting on what is going on - rather than putting on disgusting advertisements about how their quazi-news programs stars really caring about and really being friends of us 'common buggers'. Yeah, right!

NBC's McFadden services GOP in interview of Valerie Jarrett - what happened with Obama's ratings?

Cynthia McFadden 'did her bit' for the GOP cause in her interview of Valerie Jarrett she asked:

https://www.nbcumv.com/%E2%80%9Cmeet-press%E2%80%9D-clips-transcript-%E2%80%93-sunday-june-29-2014

CYNTHIA MCFADDEN: So the president came into office with an astounding approval rating and it's now down to 41%. What happened?

VALERIE JARRETT: Look, we're going through some tough times now. But I'll tell you something that I learned very early in the first campaign, is that you just can't look at the daily polls. I mean, my goodness, if we listened to the polls, he would've abandoned the race in the middle of the primary session.



I really wish one Obama administration rep would answer such a question - where the interviewer is playing dumb about their complicity in helping to sell the GOP narrative that leaves out their dedicated sabotage of everything Obama and the Democrats have tried to do to repair the economy from the Republican's Trickle Down disaster.....something like the following:



"Well, I think the people are frustrated by the Government's slow progress on building an economic recovery to the Trickle Down - Deregulation disaster - and on other matters. But gosh Cynthia, certainly you know that the public's impression of the President - and of others in Washington - is dependent a lot upon where they get their news - and how the news is reported. Most people get their news from you people in the M$M.

And I'm surprised, Cynthia you'd ask that question when you know since the President came into office you people in the M$M must have had hundreds of conversations - with the usual favored pundits - about the President's "leadership" while during that same time period the word "filibuster" seems to have been taboo on M$M. In fact I don't think since President Obama came into office the word 'filibuster' has passed the lips of anyone on M$M - even though the Republicans have set new records for filibustering (formally and by amendment) during that time period. The result is the latest Congress has been recognized - in the print media anyway - as the least productive Congress in our history.

But tell me, Cynthia, because I am not a media news producer - why is it nobody in M$M has whispered the word 'filibuster' since President Obama entered the White House, despite the fact that the Republicans have set records for filibustering..??? Explain that to me please, Cynthia, how THAT is not news?

... Far be it from me to accuse anybody of promulgating disinformation, but do you think that this kind of selective reporting of the news might have something to do with the public's attitude re the President?"

... what do you have to say Cynthia? .... Oh, cat got your tongue?



Lawrence Lessig's Super PAC wants to kill Super PACs - Lessing talks to Ezra Klein on VOX.com



http://www.vox.com/2014/6/30/5857450/lawrence-lessigs-super-pac-wants-to-kill-super-pacs

Harvard law professor Lawrence Lessig believes he’s found a way to fight — and possibly end — superPACs  forever. But first, he needs to form a SuperPAC of his own. Lessig talked to Ezra Klein about how big money influences policy, why he launched his own superPAC, and how to make politicians listen — really listen — to ordinary Americans.

The Supremes will be delivering a major blow to public sector Unions Monday - Vox.com

you can count on the Roberts court to produce a decision (an easy one for them) that will help advance our decline further into a Corporate Fuedalist state....Roberts, Scalia's and ScAlito's idea of a utopia. What conservatives never 'get' is that serfs don't have enough disposable income to support a strong growing economy. Businessmen will find it hard to grow sales and profits and therefor to grow their businesses. As a result you get mediocre job creation - at best - and elevated unemployment rates.




The Supreme Court could cut union membership in half on Monday


The Supreme Court is expected to rule any day now on the case of Harris v Quinn, a somewhat obscure tale of a mother's reimbursement payment for providing her disabled son with home-based health care that's exploded into a potential political earthquake that potentially holds the fate of public sector labor unions in the balance. Most observers expect an unfavorable ruling for unions, and indications that Samuel Alito will likely write the decision have liberals worry that the Court will deliver a sweeping blow to public sector unions.

~~
~~


What's the case about?

Broadly speaking, the case is about the legality of mandatory fees — "fair share fees" as unions like to call them — for public sector workers who benefit from collective bargaining agreements but who aren't members of the labor union that negotiated the agreement.

The issue arises because of a basic collective action problem in union organizing.
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UPDATE: Eric Cantor Plotted to Sabotage US Economy in Secret Meeting with Hensarling & Luntz

http://www.dailykos.com/story/2014/06/11/1306103/-Eric-Cantor-Jeb-Hensarling-Kevin-McCarthy-Plotted-to-Sabotage-US-Economy-in-Secret-Meeting

I think today we should all remember that on January 20, 2009 (inauguration day) GOP House Leaders & GOP Senators plotted to sabotage the US Economy along with failed candidate for President, Newt Gingrich, and GOP Propaganda Minister Frank Luntz.

Many talking heads today are saying that either Jeb Hensarling(R) or Kevin McCarthy(R) will take the place of Eric Cantor to be the House Majority Leader and possibly, the future Speaker of the House. But, what those talking heads are failing to mention is that both Hensarling and McCarthy were at that secret meeting in 2009.

According to Bureau of Labor, in January 2009, when President Obama was sworn in, the country lost 818,000 jobs. And, in the months leading up to January 2009, the United States was consistently losing over 700,000 jobs per month, yet these GOP assholes still plotted to do further damage to America and plotted to sabotage our economy.

Here are the Facts:

FACT 1. In Robert Draper's book, "Do Not Ask What Good We Do: Inside the U.S. House of Representatives" Draper wrote that on inauguration night, 2009, during a four hour, "invitation only" meeting with GOP Hate-Propaganda Minister, Frank Luntz, the below listed Senior GOP Law Writers literally plotted to sabotage, undermine and destroy America's Economy.

FACT 2: Draper wrote the guest list included:

The Guest List:
Frank Luntz - GOP Minister of Propaganda
Rep. Paul Ryan (R-WI)
Rep. Eric Cantor (R-VA)
Rep. Kevin McCarthy (R-CA),
Rep. Pete Sessions (R-TX),
Rep. Jeb Hensarling (R-TX),
Rep. Pete Hoekstra (R-MI)
Rep. Dan Lungren (R-CA),
Sen. Jim DeMint (SC-R),
Sen. Jon Kyl (AZ-R),
Sen. Tom Coburn (OK-R),
Sen. John Ensign (NV-R) and
Sen. Bob Corker (TN-R).

Non-lawmakers present Newt Gingrich - Failed GOP candidate for President

How Wall Street Defanged Dodd - Frank - banks didn't want the casino taken away & they made sure it

wasn't.


http://www.thenation.com/article/174113/how-wall-street-defanged-dodd-frank?page=full





The mood was triumphant on the morning of July 21, 2010, when Barack Obama, not quite two years into his presidency, strode to a podium inside the Ronald Reagan Building, a few blocks from the White House. As he prepared to sign the Dodd-Frank Wall Street Reform and Consumer Protection Act—the sweeping legislative package designed to prevent another spectacular financial collapse—into law, the president first acknowledged the miracle of having a bill to sign at all. “Passing this…was no easy task,” he told the crowd of hundreds. “We had to overcome the furious lobbying of an array of powerful interest groups and a partisan minority determined to block change.”

Indeed, some 3,000 lobbyists had swarmed the Capitol in hopes of killing off pieces of the proposed bill—nearly six lobbyists for every member of Congress. For Michael Barr, then an assistant secretary at the Treasury Department, the trench warfare spurred by Dodd-Frank left him shellshocked. “You pick a page at random,” says Barr, now a law professor at the University of Michigan, “and I’ll tell you about all the issues on that page where the fighting was intense.” Remarkably, despite the onslaught, Dodd-Frank “got stronger rather than weaker the closer we got to passage, which is incredibly unusual,” says Lisa Donner, executive director of Americans for Financial Reform, one of a handful of advocacy groups that fought tenaciously for the bill.

That sense of victory barely lasted the morning. The same financial behemoths that had fought so ferociously to block Dodd-Frank were not going to let the mere fact of the bill’s passage ruin their plans. “Halftime,” shrugged Scott Talbott, chief lobbyist for the Financial Services Roundtable, a lobbying group representing 100 of the country’s largest financial institutions. It was 5:30 am on a Friday when a joint House-Senate conference committee approved the bill’s final language. By Sunday, an industry lawyer named Annette Nazareth—a former top official at the Securities and Exchange Commission whose firm counts JPMorgan Chase and Goldman Sachs among its clients—had already sent off a heavily annotated copy of the 848-page bill to colleagues at her old agency. According to a congressional staffer whose boss was a key architect of Dodd-Frank, Nazareth is one of two “generals” running the campaign to undo the bill. The other is Eugene Scalia, a fearsome litigator and son of the Supreme Court justice.

After Dodd-Frank’s passage, lobbyists for the big banks and industry trade groups divided themselves into eighteen working groups, each organized around a different element of the new law. “That’s when the real work began,” Talbott tells me. One working group focused on derivatives reform, including the requirement that these complex financial instruments now be sold on open exchanges in the fashion of stocks and bonds. Another focused on efforts to hammer out the so-called Volcker Rule, which would limit the ability of federally insured banks to wager on risky ventures. A third tackled the new Consumer Financial Protection Bureau (CFPB), created to protect ordinary consumers from Wall Street deceptions involving mortgages, credit cards and other major profit centers for the banks.


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Does the copyright law apply to Op Ed pieces?


By that I mean are you limited to about 4 paragraphs to an excerpt from OP Eds? I looked on the internet and could not find anything on Op Ed pieces and copyright protection.


While I'm at it, what about statements made by someone being interviewed on a televised program - copyright protected?

any help appreciated.




an elegant solution to the writing irrationally high risk mortgages only to securitize (flip) them


..to make a quick buck (aka predatory lending). - A practice which created the housing bubble and attendant mortgage crisis - leaving many would-be homeowners FAR worse off than they were before they were victimized by predatory lenders - without a home but with all the debt.

http://www.democraticunderground.com/101694700

If Banks MUST keep their CDSs here's a way to remove the risk of another housing bubble

Amend Dodd-Frank law governing trading of CDSs on any home mortgage - such that - if the originator of the mortgage wants to securitize (aka: "Flip") the mortgage he MUST first sell a CDS on that mortgage to the homeowner - the individual paying on the mortgage. That way, if the mortgage goes into default - the mortgage originator has to pay off on the CDS - to the home-owner.

That way if Wall Street banks want to package mortgages in Collaterized Debt Obligations and sell CDSs on them, let them! At least the homeowner is protected from the mortgage originator writing a irrationally high risk mortgage. The mortgage originator isn't going to write a mortgage he feels he might have to pay off on (through the CDS) if it goes into default. This is a way to stop the writing of bad (irrationally high risk) mortgages - by predatory lenders (who wrote questionable mortgages just to flip them) - right from the start.


Banks Face New Checks on Derivatives Trading


In one victory for the derivatives industry, regulators agreed to apply the swap-dealer designation only to firms that arrange more than $8 billion worth of swaps contracts annually, up significantly from an initial proposal of $100 million. The plan could excuse some energy companies and large regional banks from registering.

Even so, the rule still captured the biggest banks in the world, requiring them to register as swap dealers by Dec. 31 of last year. The designation requires that banks, among other things, adopt internal risk management controls, bolster disclosures to trading partners and meet certain record-keeping requirements.

The banks must also turn over in real-time the data from their trading book. The disclosures, posted on the Web site of the Depository Trust and Clearing Corporation, a data warehouse, include the volume, time and price of each derivatives trade. The trades involve interest rate swaps and credit indexes, including the index where JPMorgan Chase suffered its recent multibillion-dollar trading loss.

The spreadsheet, regulators say, presents the public with its first window into the swaps market. While the public is blocked from viewing the identity of the trader, regulators have access to that information.
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