Twitter has decided to eschew actual facts when it does fact-checking of Conservative posters.
The operator of the popular microblogging platform said it will now focus on “context, not fact-checking” when deciding whether to rule a tweet to be in violation of its policies.
They’re stuck on the lower ground in the High Sierras.
If you’re the fact checkers, where are your facts?
Facts? We ain’t got no facts. We don’t need no facts. We don’t have to show any stinking facts.
Their bias is showing.
Chasing yield is the tactic of going for the highest-yielding investment available at the expense of other considerations. One of those considerations that gets disregarded in the chase is whether the yield being…offered…is radically higher than that of other investment vehicles on the market. If it’s much higher, that yield likely is too good to be true.
Another consideration that gets lost in the chase is the underlying soundness of the issuer. Checking the level of soundness is hard work, often tedious and boring. It’s necessary, though, and it’s equally necessary to avoid the flip side of that: the laziness of just jumping onto a handy get-rich-quick scheme, which is what so much of yield-chasing is.
Hence a cautionary tale offered by The Wall Street Journal.
Exchange Traded Notes are “fund” instruments that pedal other people’s debts aggregated into exchange traded fund-like instruments. They’re centered on
options-based strategies and certificates of deposits whose returns are tied to stocks or currencies.
That last is important. When the stock—or stock indexes—or the currency—or currency indexes—fall, the ETN’s instruments fall in value. And whey those instruments fall below a threshold, the issuer can take them off the market.
The issuer is not the ETN—that’s the bit about not owning the asset. However, when the issuer takes its instrument off the market, the ETN is still stuck, and its value falls, and it falls catastrophically if it’s a leveraged ETN.
And that’s what happened during the current sharp market drop. Before the nascent—and still fragile because it’s built on future expectations, not current economy performance—recovery began, one bank alone was forced to take 15 of its ETNs off the market entirely, wiping those investors’ investments. Folks old enough to know better—retirees—but who were trying to double up to catch up from the Panic of 2008 losses, lost hundreds of thousands of dollars in hard cash money and money they could have had had they been willing to collect profits along the way instead of letting it all right on their roulette/faro/baccarat bets.
Don’t understand what I’ve written above regarding ETN structure (I’ve been deliberately very high level in my description)? That’s a hint. If you’re not clear on the nature of the investment you’re contemplating, walk away from it.
RTWT.
The US will allow to expire/revoke sanction waivers associated with the failed Iran nuclear weapons development Joint Comprehensive Plan of Action treaty. Germany, France, and the United Kingdom, the nations whose businesses will be most affected, are unhappy. The projects in which these nations’ companies are engaged, they claim,
serve the nonproliferation interests of all and provide the international community with assurances of the exclusively peaceful and safe nature of Iranian nuclear activities[.]
What these nations must answer, though, which they’ve been at pains to not answer since the 2015 agreement’s inception, is the manner in which Iran’s nuclear “activities” are peaceful and safe when the Iranian government has said all along that Israel must be destroyed—and its nuclear weapons program would provide significant weaponry for that goal.
What these nations must answer, and which they’ve also been at pains to avoid, is how peaceful and safe Iran’s nuclear weapons program will be after the JCPOA expires in a few short years, and all fetters disappear.
Progressive-Democratic Party Presidential candidate Joe Biden has his staff bailing out those arrested for taking part in the riots that are so dishonoring George Floyd’s death at the hands of a Minneapolis police officer and that are so thoroughly dismembering the peaceful protests of that murder and the city’s handling of it.
At least 13 members of Joe Biden’s campaign staff have made donations to a group that helps Minneapolis protesters get out of jail on bail, according to a report.
Only about a sixth of those arrested are outside “agitators,” Antifa and other Left-wing radicals. But it only takes a small fraction to ignite and keep lit the riots—they are not protests—in what is already an emotional environment like the one surrounding the murder of Floyd, and especially one that’s exacerbated by the isolation of the last two and three months caused by the various State and local governments’ lockdown orders.
Of course Biden and his staffers know these agitators are among those rioters. It’s instructive that he wants them released along with the rioter-criminals.
Never mind that Biden says out loud that he opposes cash bail as modern day debtors prison, this is what his actions say he really believes—rioters should walk. Antifa provocateurs should walk. He claims that
burning down communities and needless destruction is not [legitimate]. Violence that endangers lives is not. Violence that guts and shutters businesses that serve the community is not.
But he’s contributing to their walking.
Michigan’s Attorney General, Dana Nessel, is doubly upset with President Donald Trump.
Nessel said she believes Trump has been at odds with the state’s top three leaders recently, in part because they’re all women.
“I guess if any one of us were doing Secretary [of State Mike] Pompeo’s dishes, he might be fine with us. But since we’re not and we’re actually running the state of Michigan, he seems to have a real issue,” she told NPR.
And
Michigan is the only state with women who hold our three executive offices and just in the last—we’re the only state where the president has individually gone after each one of us. You do the math.
Did the math. Here’s the outcome: Trump has a problem with three leaders of Michigan’s State government, leaders who happen to be women.
It’s Nessel who’s putting those politicians’ gender as their first and primary defining characteristic. It’s Nessel who’s being sexist and belittling those leaders by reducing them to their gender rather than focusing on their performance.
Nessel is especially sexist for making up a sexist beef where none exists.