Bank of America’s Winning Excuse: We Didn’t Mean To

I remember those days so well. They are burned into my memory. I remember Bank of America taking over Countrywide just as anyone who was paying attention could see that the country and the world was in for a calamitous downturn in housing. A downturn from which much of the world still has not recovered. I remember wondering why B of A would expose itself to all the nastiness which was embedded in Countrywide. Why would such a large and powerful bank,

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Europe continues to blow up, Now FRENCH voters want a chance to leave the the European Union, #Frexit

When the French have had enough with the European experiment, at least as it is now, one can rest assured that the experiment has gone badly awry.

(From The Express)

With Britons set to go to the polls in June, there are increasing signs the UK’s referendum is paving the way for other European countries to question their own relationship with Brussels.

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This is modern Europe, Britain save yourself, Vote Brexit – This is acceptable behavior now in Calais France? (Video)

I was just speaking to an engineer who is originally from Trinidad who expressed hope that Britain will come to its senses and will vote for Brexit. He has family in the UK and knows well the incompetence of the bureaucrats in Brussels.

How can the Europeans allow this to happen to them? Is the welfare state so worth preserving (good luck with that) that you guys are willing to flush what you have down the toilet?

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For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

Well, some people want the US to be more like Europe. So congrats. In Italy for instance it’s perfectly natural for 30 year old Giuseppe to live off of his parents. That’s the expectation in many cases and it is a reflection not only of a culture but of a poorer society and a less dynamic middle class.

That our president has promoted the below kind of post adolescent adolescence isn’t helpful either.

(From Pew Research)

In addition,

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Rep. Mulvaney weighs in on the Pentagon’s massive overseas slush fund

Why are we writing the Pentagon a nearly blank check? It’s just not very smart.

“Conservatives”, open ended military spending is not very conservative at all.

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The Anger of the Unprivileged Is Rising Globally

This goes nicely with the previous post.

People are waking up. They are using the information at their disposal. Do not take this information for granted.

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Legalized pot in N.J. a $300 million tax jackpot?

Pot should be legal. It should be totally legal. (Not that we condone its use.) Saying that, under the Constitution and per the 10th Amendment, cannabis is an issue which the states individually should decide. In many respects, in the most obvious case of legal nullification to date, that is exactly what’s going on across the nation. This is legitimate progress. Legal cannabis isn’t going to end the world. The sun will still come up. People will still go to church.

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Fmr. McDonald’s USA CEO: $35K Robots Cheaper Than Hiring at $15 Per Hour – says we’ll see job losses like we’ve never seen

And the robots will only get better and cheaper.

Again we ask how it is that the SEIU and the other unions agitatiting for a radically higher minimum wage don’t understand that they are putting people out of work?

My bet actually is that they do understand that there will be big job losses but that they figure in the short term in states like California and New York there is hay to be made and perhaps new union dues to extract.

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Venezuela crisis: When daily life turns into a nightmare (VIDEO)

Nicholas Maduro with the now suspended (also socialist) president of Brazil Dilma Rouseff.

An excellent report from France 24.

Socialism is subsidized by real wealth. In Venezuela’s case it was oil wealth. That was the “fat” which made fake prices and closed markets possible, for a time. But as real wealth disappears and is not replenished socialism quickly erodes. Unfortunately those running the socialist machine, the cronies (socialism and crony capitalism are cousins if not one and the same,

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Clinton Adviser, Nobel Prize Winning Economist Endorsed Venezuelan Socialism

Oh, there’s a whole crew of Americans who were/are on the wrong side of this one. It would be sweet to see them sweat if it weren’t for the suffering of the Venezuelan people. (A country which should be rich.)

Viva la libertad! Viva Venezuela!

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European Union co-funded Cannes winner “I, Daniel Blake” (A subtle propaganda?)

Cocktails and only the right kind of politics please.

I have to say that I was not in Cannes this year as I had kids to take care of, the dog needed a bath, and my Learjet is in the shop. (Maybe next year.) Nor have I seen I, Daniel Blake. (Which I have no doubt is extremely well done.) But it is interesting that the most celebrated movie of the festival was funded to some extent by the European Union.

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