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Profile Information

Gender: Male
Hometown: Nokomis, FL
Home country: US
Member since: Wed Nov 5, 2014, 01:58 AM
Number of posts: 27,659

About Me

Retired 3x, living comfortably on the Gulf Coast, biking, beachwalking, lifting free weights, eating mostly properly, keeping my mind active, in my seventh decade, intending to give Methuselah a run for the record...

Journal Archives

Interesting number of LW threads today, that a cynic might see as trolling for hides. Me not...

...being a cynic I'd say, make your own decisions and be circumspect in your replies...

A "smilie" situation...

On both my PC and my tablet, when I type a post and give a couple of line feeds, then select a smilie, the smilie does NOT go where I placed the cursor, it goes to the very beginning of my "Message text." Not ALWAYS, but more frequently that not. I've tried half a dozen line feeds, then smilie, to no avail, I've tried clicking on the cursor before selecting the smilie, nada. Again, sometimes it goes where I want it to go the first time, more usually not. If I stubbornly try it three or four times, it finally cooperates...


Swiss alternative bank breaks negative rates taboo

A tiny Swiss bank specialised in financing social and environmental projects will on January 1 go where no retail lender has gone before, applying negative interest rates on individual clients.

The Alternative Bank Schweiz (ABS) caused shockwaves with a letter sent to all clients in mid-October informing them that it would begin imposing interest charges on deposits in 2016.

For current accounts, the bank said it would impose a -0.125-percent rate, while slapping a -0.75-percent rate on client deposits higher than 100,000 Swiss francs ($98,650, 92,420 euros).

So far individual depositors have been shielded from the burn of decisions by several central banks, including Switzerland's, to introduce negative interest rates to light a flame under growth or ward off unwanted currency investors.;_ylt=AwrXgiIMyFFWjEMAJbLQtDMD;_ylu=X3oDMTByNDZ0aWFxBGNvbG8DZ3ExBHBvcwM2BHZ0aWQDBHNlYwNzcg--

UnitedHealth may exit Obamacare individual exchanges

UnitedHealth Group Inc raised new questions about the viability of Obamacare on Thursday, saying that in 2017 it might stop selling individual plans on the insurance exchanges created under U.S. President Barack Obama's healthcare law.

The largest U.S. health insurer cited weak enrollment and high medical costs for people who did sign up. Rivals Aetna Inc and Anthem Inc said last month that they were seeing too few people enroll but have not signaled they would exit the business.

"We cannot sustain these losses," UnitedHealth Chief Executive Stephen Hemsley said during a conference call with investors. "We can't really subsidize a marketplace that doesn't appear at the moment to be sustaining itself."

A deterioration in the exchanges in the midst of the 2016 election campaign could provide additional fuel to Republican efforts to overturn the healthcare law. Several of Obama's fellow Democrats are also considering changes to the Affordable Care Act, including whether to alter the "Cadillac tax," a levy on high-cost health plans sponsored by employers.

Obama threatens to veto House GOP bill on Syrian refugee screening

President Obama threatened late Wednesday to veto legislation aimed at improving screening for Syrian refugees, potentially putting the White House and Congress on a collision course in a matter of days. 

The veto threat came as the House was preparing the bill -- which sets high hurdles for refugee admission including FBI background checks and sign-offs by top officials -- for floor action as early as Thursday. In a committee meeting, Rep. Pete Sessions, R-Texas, accused the president of confusing the public about the intentions of the legislation. 

Moments later, the White House issued a statement defending the current screening process and claiming the changes called for under the bill would create "significant delays and obstacles" for the existing vetting program.

So, screw Americans' security, I have a philanthropic legacy to obtain!...

"I want to say we are going to lead a war which will be pitiless.”

French president François Hollande confirmed that “unprecedented terror attacks were under way in Paris”, and a state of emergency has been declared across France in the light of the violent attacks. Its borders have been shut for the first time since World War II. He said France will show no mercy in tracking down the attackers.

“It’s a horror,” he said in a televised statement to the French republic. “Two decisions will be taken: a state of emergency will be decreed which means certain places will be closed, traffic may be banned and searches may also take place throughout the Paris region. To all those who have seen these awful things, I want to say we are going to lead a war which will be pitiless.”

Sister Souljah: Hillary reminds me of ‘the slave plantation’

Author and recording artist Sister Souljah on Thursday blasted Hillary Clinton’s public persona.

“She reminds me too much of the slave plantation white wife of the white ‘master,’ ” Souljah said, according to Time.

“She talks down to people is condescending and pandering,” she said of the Democratic presidential front-runner.

“She even talked down to the commander in chief, President Barack Obama, while she was under his command,” Souljah added, referencing Clinton’s tenure as secretary of State from 2009 to 2013.

Now, saving your money for a rainy day considered financially "evil" and punishable by government...

Negative Interest Rates the New Normal Next Time Economies Slump

Now that Sweden and Switzerland have shown that negative benchmark interest rates don’t necessarily result in flights to cash, asset bubbles or banking strains, the global giants of central banking may be more willing to embrace sub-zero borrowing costs the next time their economies slide.

There’s a very real chance unorthodoxy becomes the new orthodoxy,” said Alan Ruskin, global head of Group-of-10 currency strategy at Deutsche Bank AG in New York. While financial markets are focused on the Federal Reserve’s looming rate increase, policy makers and economists are already changing their attitude toward negative rates.

European Central Bank President Mario Draghi is open to reducing the rate he charges banks to leave money in his coffers overnight further into negative territory. Bank of England Governor Mark Carney has also revised his thinking to say the U.K. benchmark could fall below 0.5 percent if needed having previously worried deeper cuts would roil money markets.

Meantime, Fed Chair Janet Yellen said last week that “if circumstances were to change” then “potentially anything, including negative interest rates, would be on the table.” One of her policy-setting colleagues has already advocated them for next year.

Carson Surges; Media Get Their Racism On

As Ben Carson's presidential candidacy seems to be soaring, the left-wing media are in a lather to destroy him. A new Quinnipiac poll shows Carson crushing Hillary Clinton by 10 points in a theoretical matchup. Therefore, the media have decided he must be stopped.

This is what the media do to black Americans who stray from the liberal farm. It's the same sort of attempted lynching given to Clarence Thomas all those years ago. To be sure, the lynching of Ben Carson hasn't gotten into full gear just yet, but the warning shots have been fired and the torches lit.

Salon is probably the winner to date in the anti-Carson smear campaign with its headline "Somebody shut Ben Carson up: Dangerous GOP gun-nut lunacy makes us all less safe," but they aren't the only media outlet sweating bullets at the prospect of an intelligent, educated, conservative black man winning the Oval Office and stopping the juggernaut rolling toward a Progressive dystopia.

The Huffing-and-Puffington Post and The New Yorker have dubbed Carson "dangerous." The New Republic has called him a "token." MSNBC rolled with it when one of their guests called Carson "the safe negro."

San Francisco "sanctuary sheriff" loses reelection bid

The San Francisco sheriff who over the summer became embroiled in a national debate over "sanctuary city" policies on Tuesday lost his bid for re-election amid a host of local controversies. 

Sheriff Ross Mirkarimi, 54, was defeated by Vicki Hennessy, a former sheriff's official who had the endorsement of San Francisco Mayor Ed Lee and the sheriff deputies association. As of early Wednesday morning, Hennessy had received 62 percent of the vote to just 31 percent for Mirkarimi. 

Mirkarimi was the subject of national criticism after Mexican illegal immigrant Francisco Sanchez allegedly shot and killed 32-year-old Kate Steinle on San Francisco's waterfront July 1. Sanchez had been released from Mirkarimi's jail in March even though federal immigration officials had requested he be detained for possible deportation. 

But since then, the sheriff's oversight of the department has been plagued by other high-profile mishaps and controversies seen as contributing to his defeat. He had his driver's license briefly suspended for failing to properly report a minor accident while driving a department-issued car, and he also flunked a marksmanship test.
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