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Algernon Moncrieff

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Member since: Sun Apr 20, 2014, 12:49 AM
Number of posts: 5,099

Journal Archives

GHWB sent troops to liberate an absolute monarchy from a military dictator

...all because we wanted to keep the price of oil stable.

From a military standpoint, it was an amazing success; the diplomatic achievement of building the coalition was impressive.

But you have to ask yourself: how were America's values of democracy and freedom advanced by that war? How many problems do we have today that we likely would not have had if we'd stayed out of it?
Posted by Algernon Moncrieff | Sat Dec 1, 2018, 11:09 AM (13 replies)

Brexit: UK economy not ready for no deal, Mark Carney says

Large parts of the British economy are not ready for a no-deal Brexit, Bank of England governor Mark Carney has said.

Fewer than half of businesses have initiated contingency plans, Mr Carney told BBC Radio 4's Today programme.

He said the UK would need a transition period to adapt to whatever form of exit from the EU that Parliament chose.

He denied that the Bank's warning that no-deal could lead to a UK recession was intended to scare people into backing his favoured form of Brexit.


BBC

Posted by Algernon Moncrieff | Fri Nov 30, 2018, 01:29 AM (4 replies)

Brexit will make UK worse off, government forecasts warn

BBC News

Official figures say the UK economy could be up to 3.9% smaller after 15 years under Theresa May's Brexit plan, compared with staying in the EU.

But a no-deal Brexit could deliver a 9.3% hit, the new estimates say.

The prime minister said her deal was the best one available for jobs and the economy.

"Our deal is the best deal available for jobs and our economy, that allows us to honour the referendum and realise the opportunities of Brexit," Mrs May said at Prime Minister's Questions.
Posted by Algernon Moncrieff | Wed Nov 28, 2018, 06:05 PM (3 replies)

Brexit: What will happen if MPs reject Theresa May's deal?

BBC



On Tuesday 11 December, the House of Commons will conclude five days of debate with a vote on a government motion to approve the EU withdrawal agreement and accompanying political declaration. The terms of the UK's departure from the EU.

But at the moment, it looks as if Theresa May faces an incredibly hard job getting it passed.

She leads a government with a working majority of just 13. Only seven Tory rebels are needed to defeat it.

But according to the latest number-crunching by BBC researchers, 81 Tory MPs have said they object to the deal Mrs May hopes to sign off with EU leaders on Sunday.
Posted by Algernon Moncrieff | Wed Nov 28, 2018, 12:50 AM (1 replies)

Two Democratic Presidents bailed out major auto makers.

And both times, in the next electoral cycle, Michigan and Ohio voted Republican.

Never again!

My heart goes out to GM workers in Michigan, Ohio, and Maryland who just lost jobs before Christmas.

I applaud Canadian GM workers who walked off their jobs and blocked incoming trucks.
Posted by Algernon Moncrieff | Mon Nov 26, 2018, 07:39 PM (10 replies)

Thinking about 2020: How do you feel about Kirsten Gillibrand?

...and why?

Posted by Algernon Moncrieff | Fri Nov 23, 2018, 11:10 AM (240 replies)

Why the federal government should stop spending billions on private sports stadiums

Brookings

When the New York Yankees completed the new Yankee Stadium in 2009, the final construction bill was an estimated $2.5 billion. Of that, nearly $1.7 billion was financed by tax-exempt municipal bonds issued by the city of New York.

Because the interest earned on the municipal bonds is exempt from federal taxes, a large amount of tax revenue that would have been collected—had the bonds been issued as taxable—went toward the construction of the stadium. In other words, the Yankees received a federal subsidy to build their stadium. How much? About $431 million. That’s a lot of money, but it gets worse.

The loss in federal tax revenues was even higher than the subsidy to the stadium. High-income taxpayers holding the bonds receive a windfall tax break, resulting in an even greater loss of revenue to the federal government. In the case of Yankee Stadium, the additional loss was $61 million. That is, the federal government subsidized the construction of Yankee Stadium to the tune of $431 million federal taxpayer dollars, and high-income bond holders received an additional $61 million.†

The Yankees, of course, aren’t the only team to finance their stadium using tax-exempt municipal bonds. Since 2000, 35 other professional sports stadiums have also been financed with tax-exempt bonds.
Posted by Algernon Moncrieff | Thu Nov 22, 2018, 06:11 PM (7 replies)

The way-to-early who do you like in 2020 post for 11/19/2018

I don't have enough slots for a DU poll.

Declared/Actively Running

John Delaney - U.S. Representative from Maryland since 2013
Richard Ojeda - West Virginia State Senator since 2016

Others Wikipedia says are formally exploring or considering running

Marianne Williamson, spiritual teacher, author, and lecturer from California; candidate for U.S. Representative in 2014
Michael Avenatti, attorney and entrepreneur from California
Joe Biden, Vice President of the United States 2009–2017; U.S. Senator from Delaware 1973–2009; candidate for President in 1988 and in 2008
Bill De Blasio, Mayor of New York City since 2013
Michael Bloomberg, former Mayor of New York City 2002–2013
Cory Booker, U.S. Senator from New Jersey since 2013; Mayor of Newark 2006–2013
Sherrod Brown, U.S. Senator from Ohio since 2007; U.S. Representative 1993–2007
Bob Casey Jr., U.S. Senator from Pennsylvania since 2007
Julian Castro, U.S. Secretary of Housing and Urban Development 2014–2017; Mayor of San Antonio, Texas 2009–2014
Hillary Clinton, 2016 Democratic nominee; U.S. Secretary of State 2009–2013; U.S. Senator from New York 2001–2009
Oscar De La Hoya, boxing champion from California
Tulsi Gabbard, U.S. Representative from Hawaii since 2013
Eric Garcetti, Mayor of Los Angeles, California since 2013
Kirsten Gillibrand, U.S. Senator from New York since 2009; U.S. Representative from 2007–2009
Kamala Harris, U.S. Senator from California since 2017
John Hickenlooper, Governor of Colorado since 2011; Mayor of Denver 2003–2011
Eric Holder, U.S. Attorney General 2009–2015; Acting U.S. Attorney General in 2001 from Washington, D.C.
Jay Inslee, Governor of Washington since 2013
John Kerry, 2004 Democratic nominee; U.S. Secretary of State 2013–2017; U.S. Senator from Massachusetts 1985–2013
Terry McAuliffe, Governor of Virginia 2014–2018
Jeff Merkley, U.S. Senator from Oregon since 2009
Martin O'Malley, former Governor of Maryland from 2007-2015, former Mayor of Baltimore 1999-2007, candidate for President in 2016
Deval Patrick, former Governor of Massachusetts from 2007-2015
Tim Ryan, U.S. Representative from Ohio since 2003
Bernie Sanders,[a] U.S. Senator from Vermont since 2007; U.S. Representative 1991–2007; candidate for President in 2016
Howard Schultz, businessman from Washington
Tom Steyer, billionaire hedge fund manager, philanthropist, environmentalist, liberal activist, and fundraiser from California
Eric Swalwell, U.S. Representative from California since 2013
Elizabeth Warren, U.S. Senator from Massachusetts since 2013

...and I imagine people have their own picks not mentioned here.

Posted by Algernon Moncrieff | Tue Nov 20, 2018, 01:27 AM (39 replies)

Brexit: Danger has not passed for Theresa May

BBC

More than 20 MPs have put their names out there publicly calling on her to go and screaming protests at her Brexit deal. They might not get their confidence vote. Even if they do, they might not get enough support to oust her.

But it seems impossible for those who have put their names out there to vote for the Brexit deal in a few weeks time.

With the DUP bristling with rage about the deal and how it was arrived at, and very little sign of a cavalry of Labour MPs riding to the rescue, the number of public protests from those Tory MPs makes it seem like Theresa May's agreement is doomed.

In that regard, how on earth does the government plan to get it through? Can they?
Posted by Algernon Moncrieff | Fri Nov 16, 2018, 10:46 PM (2 replies)

Brexiteer cabinet ministers in plan to shift May on EU deal

Source: BBC

A group of five ministers in Theresa May's top team are hoping to persuade her to make changes to her draft Brexit deal, the BBC understands.

Andrea Leadsom, leader of the Commons, is believed to be coordinating the group.

....

The 585-page document sets out the terms of the UK's departure and includes details such as how much money will be paid to the EU, details of the transition period and citizens rights.

The deal prompted the start of a tumultuous few days for Mrs May, with two senior ministers and several other junior ministers and aides resigning.

Read more: https://www.bbc.com/news/uk-politics-46243745
Posted by Algernon Moncrieff | Fri Nov 16, 2018, 10:44 PM (0 replies)
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