I certainly see it where I live. Across the street from me are homes which are in the $500k-$1 million range (my neighborhood is nice but more modest) and it is filled with retirees, most of whom built their homes in the period after the 2008 Crash. These were the folks who had money during those particularly lean times. The only people who could get a mortgage. Indeed at least some of these people probably paid cash for their homes.
We obviously have issues with Senator Warren on many issues. However we are pleased to see her raising this particular issue. Cannabis, marijuana, pot, shouldn’t be illegal. Pot prohibition is a vestige of a less informed time. In the land of the free lighting up a joint should not be illegal.
But one of the reasons weed remains illegal is because it is by far the most used recreational drug in the USA and as such the pursuit of it gives law enforcement something to do.
As I have said before I believe I have seen first hand how “biased” the crony media can be. But it’s a little different than how some conservatives portray the bias. They see often only the leftward bent. But it is a special kind of leftward bent in the crony media, one which is very pro-corporate. NBC, CBS, ABC, CNN, The New York Times, The Washington Post, The LA Times, all the old media is solidly left of center. And each one of these outlets have corporate masters.
So as we have just learned, Judy Woodruff, PBS anchor and recent Democratic debate moderator gave to the Clinton Foundation, something which in our opinion should have disqualified her for the moderator job.
Co-moderator Judy Woodruff happens to be a donor to the Clinton Foundation, and faced criticism from the PBS ombudsman in 2015 for giving to the Clintons.
Woodruff is one of several journalists who has contributed to the Clinton Foundation,
This is an issue which we need to revisit soon, and we will at greater length. And there is is some validity to this fear.
First, the Crash of 2008 was a crash caused by central planning. It was the Federal Reserve which created the necessary climate for the Crash. The planners screwed up royally. They kept interest rates too low for too long and everyone came to believe that there was a “Greenspan Put” built into the stock market.
Consider that according to Bass (one of the few investors to win big during the last recession) the exposure of Chinese banks (and others) to their domestic property bubble is 5 times that of US banks during our recent bubble. China’s economy is still 2nd to the American in terms of size. Consider the impact of a property bubble 5 times the size of ours in an economy which is smaller than ours. Consider also that China is run by a Communist Party which is very keen on staying in power and has a history of using extraordinary force in times of crisis.
This is an interesting exchange from yesterday.
I could be in Toronto by dinnertime. Alternatively golf in Myrtle Beach sounds nice.
We like “green” energy. The water in my childhood home in the 80s was heated by solar panels. We like wind, and the rest. But we like it within the market.
Green energy can exist within the market despite what many people believe. In a world of 6 billion people and growing there is absolutely a market for cleaner energy sources. In many parts of the world solar particularly makes sense on micro levels. Lives can be made better with solar.
It is no small thing when one of the world’s great stock markets loses 1/20 of its value in a day. It happens though.
Believe it or not I actually attended this rally as an observer. I marched along with everyone and everything. It was literally the coldest day of the winter which was kind of funny.
This is not the venue to discuss global warming, or climate change, or whatever. I have friends in the environmental movement for whom climate change is an important issue and one they take very seriously. I have been fortunate to hear their perspectives over the years and they have informed me on the issue.
How nice for him.
Geithner speaking at the Center for American Progress. No doubt discussing the ins and outs of private equity economics.
“Labor unions are super PACs. Now they’re super PACs that we like, so Democrats don’t go after labor unions.” -Howard Dean
This is not a bad rhetorical tack as it is basically the only one Hillary has if she wants to continue to hide the transcripts. (By the way, there has got to be someone who recorded those speeches on their phone. Must be.)
And Howard Dean, Mr. Moveon.org, Mr. “Progressive” is attacking Bernie Sanders for his connections to unions?