President-elect Donald Trump will start receiving the monthly job report from the Labor Department the night before its published once he becomes president. …read more
Source: President Trump will get jobs report sneak peek
Conan O’Brien’s late night variety show “Conan” is, contrary to reports, remaining nightly instead of going weekly. But it may not stay that way for long. …read more
Source: ‘Conan’ may switch to weekly format on TBS
President-elect Donald Trump Tweeted that Toyota should drop plans to produce its popular compact model in Mexico. …read more
Source: Toyota to Trump: Mexico plant won’t cost US jobs
Chris Berman is taking on a reduced role at ESPN after 38 years at the sports cable network. …read more
Source: Chris Berman stepping away from ESPN’s NFL coverage
Nearly half of Americans say they hate Obamacare, whether it’s because of political, philosophical or financial reasons. …read more
Source: Why so many people hate Obamacare
By Trader Scott
This post and full archives can be viewed at Trader Scott’s Market Blog.
Summers dismissed the idea that any tax policy introduced to encourage U.S. companies to repatriate profits would boost investment and hiring.“The vast majority of the companies who have large overseas cash also have substantial amounts of domestic cash,” he said. “The reality is that cash that is brought home will be used to pay dividends, to buy back shares, to engage in mergers and acquisitions, to rearrange the financial chessboard, not to invest in large amounts of new capital. It is a chimera to suppose that there will be large increases in capital investment as a consequence of that repatriation.”
Lawrence Henry’s amazing analytical abilities regarding economic issues are beyond reproach, so we should all heed his brilliant pronouncements. And since he believes Trump’s economic ideas “are so far out of the mainstream of any kind of responsible economic thinking that they are the economic equivalent of creationism”, let’s take a look at what a “responsible” Harvard PHD economist believes.
Larry is one of the founding members of the Committee for the Advancement of Negative Interest Rates. Larry concocted, excuse me, developed this brilliant economic policy with his three brothers, Moe, Curly, and Schemp. And it has certainly been a roaring success worldwide, as can be evidenced by the booming growth in all of the countries which have unleashed, excuse me, enacted his crack economic team’s policy. Larry, Moe, Curly, and Schemp also have another foundation – The Society for the Complete Banning of Physical Cash, a.k.a., The War on Cash Society.
Henry’s magnificent abilities as a hedge fund manager allowed him to have great input into Harvard’s endowment fund. Professor Summer’s acumen led to a mere $1.8 billion loss in the financial crisis, but who’s counting.
And Lawrence loves the idea of big banks, and he trusts them to understand complex economic and market situations. In 1998 he testified before the Senate that derivatives regulation wasn’t necessary because Wall Street could be trusted to regulate itself – no prob. He also pushed to repeal the Glass-Steagall Act, because, well you know, we can trust Wall Street to regulate itself.
So these are the views, theories, and actions of another “responsible” PHD economist who has never accomplished a darn thing in his life.
Source: More Brilliance from Larry Summers
By Tyler Durden
On Sunday, CBS’s 60 Minutes aired a report on the surge of murders and violence in Chicago. When describing the increase in violence as a “surge”, 60 Minutes is certainly not exaggerating; this year’s homicide total in Chicago is up by 56% from last year, and up almost 75% from 2013.
However, CBS is certainly exaggerating when it compares Chicago to a “war zone” – in Afghanistan, for example, US forces have averaged 300+ murders per 100,000 since the 2001 invasion. With a 2016 homicide rate of ~29 per 100,000, Chicago’s homicide rate hasn’t reached the 1992 peak of ~32 per 100,000. Can anyone recall CBS comparing Chicago to a “war zone” in the 1990s?
60 Minutes centered its coverage on a drop in stops and arrests by police, with a focus on blaming the police for creating a crime-filled environment, with scarce mention of the perpetrators behind the increase in violent crime. They also mentioned low police morale, new policies on racial profiling and police reporting, gang members posting video of confrontations with police, and “fear of becoming the next viral video” in their piece. What was conveniently left out of the entire report?
Any mention whatsoever of Black Lives Matter, or any of the other nationwide protests against police that are primarily driven by race. Of course, these protests almost always occur when the “victim” is black, regardless of whether or not the perpetrator in question was wrongfully shot or not.
Its not as though 60 Minutes didn’t have ample opportunity to mention BLM in their report. Featured in the piece was an interview with former Chicago Police Superintendent Garry McCarthy. 60 Minutes made sure to discuss how McCarthy was dismissed following the release of the Laquan McDonald shooting video and the subsequent protests. However, the same day that CBS aired its report, McCarthy blamed nationwide protests for creating a “political atmosphere of anti-police sentiment.”
“So what’s happening, and this is ironic, is that a movement with the goal of saving black lives at this point is getting black lives taken, because 80 percent of our murder victims here in Chicago are male blacks,” McCarthy said. “Less than half of 1 percent of all the shootings in this city involve police officers shooting civilians.”
McCarthy directly cited BLM as responsible for creating an atmosphere of fear in police departments the same day this report was released, yet none of this was in the report on 60 Minutes. Since McCarthy has been singing the same tune since he was dismissed, it is reasonable to believe that CBS deliberately edited any mention of nationwide protests or BLM from the portions of their interview with McCarthy that they chose to air.
The closest CBS came to mentioning BLM was their commentary regarding Officer Veronica Murillo. Remember that bit about becoming the “next viral video”? …read more
Source: 60 Minutes Conveniently Leaves One Crucial Fact Out Of Its Report On Chicago Violence
By Tyler Durden
Following the disgusting images broadcast live on Facebook of a teen white male being kidnapped, cut, and abused by several African-American youths yelling “F*** Donald Trump,” Chicago Police confirm the four people, who are all 18, were taken into custody but have not been formally charged.
The video has since been removed from YouTube but this is a clip:
MORE VIDEO FOUND
Blacks kidnap and torture white Trump supporter. pic.twitter.com/aNrQuULeRk
— James J. Vinson (NT) (@JamesJVinson) January 5, 2017
As Reuters reports, Chicago Police Superintendent Eddie Johnson told reporters the video that surfaced on Tuesday showing the attack was “sickening.”
“It makes you wonder what would make individuals treat somebody like that,” Johnson said.
Police said the young man was tied, gagged and beaten.
The superintendent added that the victim has “mental health challenges.”
While police officials did not confirm the races of the suspects or victim, video from Chicago media outlets appeared to show someone off-camera using profanities about “white people” and President-elect Donald Trump.
But, as AP reports, police said it's too soon to determine whether the attack was racially motivated.
Investigators will “determine whether or not this is sincere or just stupid ranting and raving,” Duffin said when asked about the language used in the recording.
The video also shows bottles of alcohol in the room during the attack.
Officers were called to a residence on the city's West Side Tuesday evening where they found signs of a struggle and damaged property.
Police said that around the same time, officers on patrol encountered the victim on a nearby street. He was taken to a hospital in stable condition and later released, police said.
Still no reponse from president-elect Donald Trump on this violent act. But Newt Gingrich has chimed in, warning that the U.S. was “at the edge of a terrible period” after a Facebook Live video surfaced in which a disabled Chicago teen is seen being tortured amid chants of “f— Donald Trump.”
“If this had been done to an African-American by four whites, every liberal in the country would be outraged and there would be no question that it is a hate crime,” Gingrich said in an interview on “Fox & Friends.”
“We are right at the edge of a terrible period — which I know President-elect Donald Trump wants to avoid — of having a deep bitter division in the communities in a way that makes America very hard to govern.”
Struggling retailer Sears is selling its iconic Craftsman tool division to competitor Stanley Black & Decker for $900 million. Investors loved the news, but Sears still has plenty of problems — just like other traditional retailers. …read more
Source: Sears sells Craftsman
By Tyler Durden
As president-elect Trump awaits his briefing on Russian hacking, he has decided to clarify his stance on the intelligence agencies and Julian Assange in the face of so-called media lies…
The dishonest media likes saying that I am in Agreement with Julian Assange – wrong. I simply state what he states, it is for the people….
— Donald J. Trump (@realDonaldTrump) January 5, 2017
to make up their own minds as to the truth. The media lies to make it look like I am against “Intelligence” when in fact I am a big fan!
— Donald J. Trump (@realDonaldTrump) January 5, 2017
If only the media’s narrative could play out how they wanted it!! Tough to perpetuate those lies when there is a no-spin, direct-to-citizen President in The White House.
Source: Trump Trashes "Dishonest Mainstream Media Lies"
Welcome to Esh Carmel Blog.
