Hillary Clinton, Homosexuals, and Money Collections

Democratic Party Presidential Candidate Hillary Clintons claims she’s on the side of gays, transsexuals, and others living alternative life styles.  She claims she’s against discrimination against these folks based on their lifestyle.  This is where a significant fraction of her foundation’s money comes from.

  • Algeria: ($250,000-$500,000) Algerian law states: “Anyone guilty of a homosexual act is punishable with imprisonment.”
  • Brunei: ($1 million-$5 million) Brunei’s penal code states: “Whoever voluntarily has carnal intercourse against the order of nature with any man, woman, or animal, shall be punished with imprisonment for a term which may extend to 10 years.”

Time to Decertify the Local

Some employees of Cablevision in Brooklyn, members of the Communication Workers of America union, were at a company BBQ circulating a petition to decertify their local, 1109.  Naturally the local’s officials objected, and they threatened the petition circulators.

I just want you to understand, to be perfectly clear that CWA we’re probably going to personally sue y’all[.]

[W]e’re going after y’all personally[.]

It’s especially serious when an NLRB administrative judge objects to the union local’s behavior, ruling these union officials had violated Federal labor law with their threats.  It’ll be interesting to see how the NLRB board itself rules on the union’s inevitable appeal.

States Competing for Corporations

Competition is at the heart of America’s economic success, but not every type of contest benefits society.  Consider the growing trend of businesses cajoling states and politicians to compete for who can dole out the most corporate welfare.  It’s especially frustrating because there are already plenty of ways to promote job growth without robbing taxpayers.

And

States could start with eliminating tax carve outs and replacing them with lower-overall tax rates and lighter regulatory burdens.  Federal lawmakers could also do their part by lowering America’s highest-in-the-developed-world corporate tax rate.

And

Embracing these policies would protect taxpayers…multinational firms with multimillion-dollar profit margins.

Bank Bail-ins

But this legacy [of bank financing of trade deals] is now under threat in Europe from new regulation aimed at preventing another bank bailout.

That’s right.  The EU has decided that tools banks use to finance trade agreements between other parties must be regulated by the Know Betters of the European Commission.

The new rules are designed to shield taxpayers from bailing out distressed financial institutions again[.]

The Fed’s Rule by Fiat

Federal Reserve officials strongly signaled they will be toughening big-bank capital requirements even further than they have since the 2008 crisis, a move that will further increase pressure on the largest US banks to consider shrinking.

Fed governors Daniel Tarullo and Jerome Powell, in separate public comments Thursday, said the Fed will require eight of the largest US banks to maintain even more capital to pass the central bank’s annual “stress tests.”

Notice that they’re acting by rule and moving sharply away from their knitting, which is to concern themselves with maintaining price stability and full employment.  With this rule, they’re nakedly broadening their interference in the free market place.

A British Exit from the EU

There’s an aspect of so what to the question: what would actually change if the Brits vote to go their own way in a few weeks?  One set of answers involves British influence on the continent or within the EU.

[I]f the British do vote for Brexit and then have to trade with the EU, the UK would in fact find itself isolated with very little influence over regulatory standards in the single market.

What Hath Obamacare Wrought

The Wall Street Journal provided an amazing graphic in its Wednesday edition.ObamacarePremiumIncreasesEven accounting for bad estimating by the health coverage plan companies, this is a clear illustration of the depth of President Barack Obama’s (D) lie when he said insurance costs would go down by roughly $2,500 per year.

It’s also going to get worse: a number of programs intended to buffer these providers against such increase needs expire in 2017, including “risk corridors,” which then will be funded solely by health coverage providers’ own wealth redistribution “premiums” paid into the program by profit-making providers for the sake of money-losing providers.

An Aspect of Europe We Might Want to Emulate

Or at least one nation of Europe….

Germany has preliminarily approved an immigrant assimilation law.

Under the draft integration law, which now goes to parliament for approval, migrants would have to fulfill certain requirements, such as taking special classes, and authorities would be entitled to decide where in the country they should live. Those who don’t comply could face sanctions.

At the same time, the integration law aims to facilitate access to the job market and to apprenticeship programs for refugees, allowing them to more quickly earn a living.

Among the requirements:

  • language training

Maybe It’s Time

…to start locking banks out of SWIFT (no, I don’t mean as a matter of National Policy).

A little-noticed lawsuit details a hacking attack similar to one that stole $81 million from Bangladesh’s central bank, saying cybercriminals stole about $9 million last year from a bank in Ecuador.  The case suggests global bankers haven’t been sharing critical information to prevent such heists.

And

A third attack, from December 2015 at a commercial bank in Vietnam, was detailed last week….

The banks aren’t telling SWIFT about these attacks, either.

Because One Size Fits All

This time it’s the trivium of expiration dates on the food we buy in our grocery stores.

That can of soup in your pantry says “Best by June 2018.” The cereal box on the shelf above it says “Use by October 2016.” The salsa in your fridge says “Sell by June 6, 2016.”  And the quart of milk next to it simply says “May 22, 2016.”

Among the dates found on labels across the US are “production” or “pack” dates of manufacture, “sell by” dates, “best if used by” dates, “use by” dates, “freeze by” dates and even “enjoy by” dates.