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John Cleese On Trump's Base
from link:
http://www.washingtonexaminer.com/year-one-list-81-major-trump-achievements-11-obama-legacy-items-repealed/article/2644159
Below are the 12 categories and 81 wins cited by the White House.
Jobs and the economy
Passage of the tax reform bill providing $5.5 billion in cuts and repealing the Obamacare mandate.
Increase of the GDP above 3 percent.
Creation of 1.7 million new jobs, cutting unemployment to 4.1 percent.
Saw the Dow Jones reach record highs.
A rebound in economic confidence to a 17-year high.
A new executive order to boost apprenticeships.
A move to boost computer sciences in Education Department programs.
Prioritizing women-owned businesses for some $500 million in SBA loans.
Killing job-stifling regulations
Signed an Executive Order demanding that two regulations be killed for every new one creates. He beat that big and cut 16 rules and regulations for every one created, saving $8.1 billion.
Signed 15 congressional regulatory cuts.
Withdrew from the Obama-era Paris Climate Agreement, ending the threat of environmental regulations.
Signed an Executive Order cutting the time for infrastructure permit approvals.
Eliminated an Obama rule on streams that Trump felt unfairly targeted the coal industry.
Fair trade
Made good on his campaign promise to withdraw from the Trans-Pacific Partnership.
Opened up the North American Free Trade Agreement for talks to better the deal for the U.S.
Worked to bring companies back to the U.S., and companies like Toyota, Mazda, Broadcom Limited, and Foxconn announced plans to open U.S. plants.
Worked to promote the sale of U.S products abroad.
Made enforcement of U.S. trade laws, especially those that involve national security, a priority.
Ended Obama’s deal with Cuba.
Boosting U.S. energy dominance
The Department of Interior, which has led the way in cutting regulations, opened plans to lease 77 million acres in the Gulf of Mexico for oil and gas drilling.
Trump traveled the world to promote the sale and use of U.S. energy.
Expanded energy infrastructure projects like the Keystone XL Pipeline snubbed by Obama.
Ordered the Environmental Protection Agency to kill Obama’s Clean Power Plan.
EPA is reconsidering Obama rules on methane emissions.
Protecting the U.S. homeland
Laid out new principles for reforming immigration and announced plan to end "chain migration," which lets one legal immigrant to bring in dozens of family members.
Made progress to build the border wall with Mexico.
Ended the Obama-era “catch and release” of illegal immigrants.
Boosted the arrests of illegals inside the U.S.
Doubled the number of counties participating with Immigration and Customs Enforcement charged with deporting illegals.
Removed 36 percent more criminal gang members than in fiscal 2016.
Started the end of the Deferred Action for Childhood Arrival program.
Ditto for other amnesty programs like Deferred Action for Parents of Americans.
Cracking down on some 300 sanctuary cities that defy ICE but still get federal dollars.
Added some 100 new immigration judges.
Protecting communities
Justice announced grants of $98 million to fund 802 new cops.
Justice worked with Central American nations to arrest and charge 4,000 MS-13 members.
Homeland rounded up nearly 800 MS-13 members, an 83 percent one-year increase.
Signed three executive orders aimed at cracking down on international criminal organizations.
Attorney General Jeff Sessions created new National Public Safety Partnership, a cooperative initiative with cities to reduce violent crimes.
Accountability
Trump has nominated 73 federal judges and won his nomination of Neil Gorsuch to the Supreme Court.
Ordered ethical standards including a lobbying ban.
Called for a comprehensive plan to reorganize the executive branch.
Ordered an overhaul to modernize the digital government.
Called for a full audit of the Pentagon and its spending.
Combatting opioids
First, the president declared a Nationwide Public Health Emergency on opioids.
His Council of Economic Advisors played a role in determining that overdoses are underreported by as much as 24 percent.
The Department of Health and Human Services laid out a new five-point strategy to fight the crisis.
Justice announced it was scheduling fentanyl substances as a drug class under the Controlled Substances Act.
Justice started a fraud crackdown, arresting more than 400.
The administration added $500 million to fight the crisis.
On National Drug Take Back Day, the Drug Enforcement Agency collected 456 tons.
Helping veterans
Signed the Veterans Accountability and Whistleblower Protection Act to allow senior officials in the Department of Veterans Affairs to fire failing employees and establish safeguards to protect whistleblowers.
Signed the Veterans Appeals Improvement and Modernization Act.
Signed the Harry W. Colmery Veterans Educational Assistance Act, to provide support.
Signed the VA Choice and Quality Employment Act of 2017 to authorize $2.1 billion in additional funds for the Veterans Choice Program.
Created a VA hotline.
Had the VA launch an online “Access and Quality Tool,” providing veterans with a way to access wait time and quality of care data.
With VA Secretary Dr. David Shulkin, announced three initiatives to expand access to healthcare for veterans using telehealth technology.
Promoting peace through strength
Directed the rebuilding of the military and ordered a new national strategy and nuclear posture review.
Worked to increase defense spending.
Empowered military leaders to “seize the initiative and win,” reducing the need for a White House sign off on every mission.
Directed the revival of the National Space Council to develop space war strategies.
Elevated U.S. Cyber Command into a major warfighting command.
Withdrew from the U.N. Global Compact on Migration, which Trump saw as a threat to borders.
Imposed a travel ban on nations that lack border and anti-terrorism security.
Saw ISIS lose virtually all of its territory.
Pushed for strong action against global outlaw North Korea and its development of nuclear weapons.
Announced a new Afghanistan strategy that strengthens support for U.S. forces at war with terrorism.
NATO increased support for the war in Afghanistan.
Approved a new Iran strategy plan focused on neutralizing the country’s influence in the region.
Ordered missile strikes against a Syrian airbase used in a chemical weapons attack.
Prevented subsequent chemical attacks by announcing a plan to detect them better and warned of future strikes if they were used.
Ordered new sanctions on the dictatorship in Venezuela.
Restoring confidence in and respect for America
Trump won the release of Americans held abroad, often using his personal relationships with world leaders.
Made good on a campaign promise to recognize Jerusalem as the capital of Israel.
Conducted a historic 12-day trip through Asia, winning new cooperative deals. On the trip, he attended three regional summits to promote American interests.
He traveled to the Middle East and Europe to build new relationships with leaders.
Traveled to Poland and on to Germany for the G-20 meeting where he pushed again for funding of women entrepreneurs.
see link above for more complete
what are the things that he's doing that are great?
Matt Lauer Sexual Harassment; Trump's Unhinged Tweets
So far, 94 and counting…
94. James Levine – Iconic Artistic Director/Composer at the Metropolitan Opera House
Suspended over three allegations of child molestation.
93. Israel Horovitz – Playwright
Nine Allegations of sexual assault.
92. Geoffrey Rush – Oscar-Winner
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Resigned as the president of the Australian Academy of Cinema and Television Arts following allegations of “inappropriate behavior.”
91. Nick Carter – Former Backstreet Boy
Accused of rape.
90. John Lasseter – Top Disney Executive
Forced leave of absence after numerous accusations of harassment, unwanted kisses, groping.
89. Russell Simmons – Mogul
Multiple accusations of sexual assault.
88. Murray Miller – Girls Writer
Accused of rape.
87. Adam Fields – Producer
Multiple accusations of sexual harassment.
86. John Singleton – Director
Accused of sexual harassment.
85. Jason Mojica – Executive Producer Vice Documentary Films
Suspended over allegations of sexual misconduct.
84. Cameron Mitchell – CAA Agent
Accused of sexual harassment.
83. Sylvester Stallone – Actor, Director
Accused of the sexual assault of a 16 year-old girl.
82. Al Franken – Comedian, U.S. Senator
Groping, misconduct , bullying.
81. Matt Zimmerman – NBC Exec
Fired for sexual misconduct.
80. Andy Henry – Casting Employee
Accused of manipulating auditioning actresses to get undressed.
79. Benny Medina – Producer
Accused of attempted rape.
78. Peter Aalbæk Jensen – Co Founder of Zentropa
Harassment, bullying.
77. Eddie Berganza – Editor DC Comics
Accused of two decades of sexual misconduct.
76. Gary Goddard – Producer
Accused of child molestation.
75. Andrew Kreisberg – TV Producer
Suspended over allegations of misconduct.
75. Richard Dreyfuss – Actor, Activist
Accused of sexual misconduct.
74. George Takei – Actor, Activist
Accused of sexual assault.
73. Ethan Kath – Musician
Accusation of rape.
72. Matthew Weiner – Mad Men Creator
Accused of sexual harassment.
71. Robert Knepper – Actor
Accused of sexual assault.
70. Mariah Carey – Singer, Actress
Accused of sexual harassment.
69. Jeffrey Tambor – Emmy-Winning Actor
Accused of sexual harassment.
68. Ed Westick – Actor
Accused of rape.
67. Alec Baldwin – TV Actor
Bullying and sexist behavior towards women.
66. David Guillod – Co-CEO Primary Wave Entertainment
Alleged sexual assault.
65. Unnamed Director
Alleged sexual harassment.
64. Adam Venit – Powerful Talent Agent
Suspended for allegedly groping Terry Crews.
63. NBCUniversal
Targeted in lawsuit over “inappropriate gender-based, sexual comments”
62. Kirt Webster – CEO Country Music Firm Webster PR
Multiple allegations of sexual harassment, assaulting and drugging a client.
61. Ryan Ly – CAA Agent
Fired over multiple allegations from female staffers, including groping.
60. Erik Horine – ICM Agent
Fired for “inappropriate behavior.”
59. John Grissom – Actor
Accused of molesting Corey Feldman.
58. Danny Masterson – Actor
Four accusations of rape.
57. David Corn – Reporter, Actor
Accusations of sexual touching of female staffers, rape jokes
56. Brett Ratner – Director, Powerhouse Producer Behind RatPac Entertainment
Multiple accusations of sexual assault, harassment.
55. Dustin Hoffman – Oscar-Winning Actor
Accused of sexual misconduct, groping of 17 year-old actress.
54. Jeremy Piven – Emmy Award Winning TV Star
Accused of sexually assaulting an actress.
53. Hamilton Fish – Documentary Film Producer
Suspended over allegations of sexual harassment.
52. Andy Dick – Actor/Comedian
Fired over allegations of sexual harassment, groping.
51. Warner Bros.
Allegations of sexual harassment by former producer.
50. Andrew Kramer – Lionsgate Executive
Resigned due to allegations of sexual harassment.
eric3579
(Member Profile)
Stanislav Petrov died. Not sure how well known he is in the US, but he's the bloke who basically prevented a thermo-nuclear war in '83.
Mordhaus
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Kawehi creates a looped song strolling down the street
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I'm Not Scared of Donald Trump
The problem remains the Supreme Court. Ginsburg is 83, Kennedy is 80, and Breyer is 78... So the next 4 years is likely to see up to 4 replacements in the court. While Scalia was a conservative, and a conservative replacement wouldn't be overly bad, Ginsburg and Breyer, were they to be replaced with a far right justice... and the Republicans would push as far right as they can, would bring about the end of most of the progress this nation has seen. We'd see them retake on abortion and rule it out, gar marriage illegal again... all this is not only possible, but most likely with any Republican in the Presidency... the Conservatives know this, in fact it is the main reason they are going out and voting this election, even if they hate Trump. They will not only hold onto the lead the Conservatives have in the court, they will be able to tilt it very far in a Conservative direction that will be that way for a very long time as they serve for life (or until they want to step down). Every President of late has done 2 appointments (Obama would have done 3 had Congress done it's job and moved on his nomination for Scalia's replacement), and the next likely has 3 to 4 in the next 4 years counting Scalia. This is the long term danger... beyond the rhetoric making it far more likely for lone wolf attacks, which I'd put up with if it meant a better turn in the Supreme Court.
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Stephanie Kelton: Understanding Deficits in a Modern Economy
Well, cheers for sticking with it anyway, I really appreciate it.
It's a one hour talk on the deficit in particular, and most of what she says is based on MMT principles that would add another 5 hours to her talk if she were to explain them. With neoclassical economics, you can sort of jump right in, given how they are taught at schools and regurgitated by talking heads and politicians, day in and day out. MMT runs contrary to many pieces of "common sense" and since you can't really give 10 hour talks everytime, this is what you end up with – bits and pieces that require previous knowledge.
I'd offer talks by other MMT proponents such as William Mitchell (UNSW), Randy Wray (UMKC) or Michael Hudson (UMKC), but they are even less comprehensible. Sorry. Eric Tymoigne provided a wonderful primer on banking over at NEP, but it's long and dry.
Since I'm significantly worse at explaining the basics of MMT, I'm not even going to try to "weave a narrative" and instead I'll just work my way through it, point by point.
@notarobot
"Let's address inequality by taking on debt to increase spending to help transfer money to large private corporations."
You don't have to take on debt. The US as the sole legal issuer of the Dollar can always "print more". That's what the short Greenspan clip was all about. Of course, you don't actually print Federal Reserve Notes to pay for federal expenses. It's the digital age, after all.
If the federal government were to acquire, say, ten more KC-46 from Boeing, some minion at the Treasury would give some minion at the Fed a call and say "We need $2 billion, could you arrange the transfer?" The Fed minion then proceeds to debit $2B from the Treasury's account at the Fed (Treasury General Account, TGA) and credits $2B to Boeing's account at Bank X. Plain accounting.
If TGA runs negative, there are two options. The Treasury could sell bonds, take on new debt. Or it could monetise debt by selling those bonds straight to the Fed – think Overt Monetary Financing.
The second option is the interesting one: a swap of public debt for account credits. Any interest on this debt would be transfered straight back in the TGA. It's all left pocket, right pocket, really. Both the Fed and the Treasury are part of the consolidated government.
However, running a deficit amounts to a new injection of reserves. This puts a downward pressure on the overnight interest rate (Fed Funds Rate in the US, FFR) unless it is offset by an increase in outstanding debt by the Treasury (or a draw-down of the TT&Ls, but that's minor in this case). So the sale of t-bonds is not a neccessity, it's how the Treasury supports the Fed's monetary policy by raising the FFR. If the target FFR is 0%, there's no need for the Treasury to drain reserves by selling bonds.
Additionally, you might want to sell t-bonds to provide the private sector with the ability to earn interest on a safe asset (pension funds, etc). Treasury bonds are as solid as it gets, unlike municipal bonds of Detroit or stocks of Deutsche Bank.
To quote Randy Wray: "And, indeed, treasury securities really are nothing more than a saving account at the Fed that pay more interest than do reserve deposits (bank “checking accounts”) at the Fed."
Point is: for a government that uses its own sovereign, free-floating currency, it is a political decision to take on debt to finance its deficit, not an economic neccessity.
"Weimar Republic"
I'm rather glad that you went with Weimar Germany and not Zimbabwe, because I know a lot more about the former than the latter. The very, very short version: the economy of 1920's Germany was in ruins and its vastly reduced supply capacity couldn't match the increase in nominal spending. In an economy at maximum capacity, spending increases are a bad idea, especially if meant to pay reparations.
Let's try a longer version. Your point, I assume, is that an increase in the money supply leads to (hyper-)inflation. That's Quantity Theory of Monetary 101, MV=PY. Amount of money in circulation times velocity of circulation equals average prices times real output. However, QTM works on two assumptions that are quite... questionable.
First, it assumes full employment (max output, Y is constant). Or in other terms, an economy running at full capacity. Does anyone know any economy today that is running at full capacity? I don't. In fact, I was born in '83 and in my lifetime, we haven't had full employment in any major country. Some people refer to 3% unemployment as "full employment", even though 3% unemployment in the '60s would have been referred to as "mass unemployment".
Second, it assumes a constant velocity of circulation (V is constant). That's how many times a Dollar has been "used" over a year. However, velocity was proven to be rather volatile by countless studies.
If both Y and V are constant, any increase in the money supply M would mean an increase in prices P. The only way for an economy at full capacity to compensate for increased spending would be a rationing of said spending through higher prices. Inflation goes up when demand outpaces supply, right?
But like I said, neither Y nor V are constant, so the application of this theory in this form is misleading to say the least. There's a lot of slack in every economy in the world, especially the US economy. Any increase in purchases will be met by corporations with excess capacity. They will, generally speaking, increase their market share rather than hike prices. Monopolies might not, but that's a different issue altogether.
Again, the short version: additional spending leads to increased inflation only if it cannot be met with unused capacity. Only in an economy at or near full capacity will it lead to significant inflation. And even then, excess private demand can easily be curbed: taxation.
As for the Angry Birds analogy: yeah, I'm not a fan either. But all the other talks on this topic are even worse, unfortunatly. There's only a handful of MMT economists doing these kinds of public talks and I haven't yet spotted a Neil deGrasse Tyson among them, if you know what I mean.
ant
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Archimedes and a Boat Lift: the Falkirk Wheel
It's also the location of a couple of sodding great horse statues - https://upload.wikimedia.org/wikipedia/commons/8/83/The_Kelpies,_at_The_Helix,_Scotland.JPG - which I confess I still haven't got round to going and visiting.
Nuclear energy is terrible
Sorry to jump the thread here; not sure if dubious is the word either, but pretty amateur and more fear mongering with no supporting data.
First, the suggestion that no more reactors should be built because people use them to aid in production of nuclear weapons. Well kids, that ship has already sailed: In June 2014, the Stockholm International Peace Research Institute reported that nine nations (United States, Russia, United Kingdom, France, China, India, Pakistan, Israel and North Korea) possessed approx. 16,300 nuclear weapons in total. So someone builds one or 10 more? Yeah, that will matter. Someone needs to read up on the concept of deterrence.
When talking about waste: "Germany has literally tons of the stuff just laying around" - well, that's just horseshit.
Regarding accidents and number of deaths due to nuclear reactors: "devastating disasters every 30 years" - devastating? Come on, people died, but compared to other sources of energy, according to the WHO, it is by far the safest. Consider:
Energy Source Mortality Rates; Deaths/yr/TWh
Coal - world average, 161
Coal - China, 278
Coal - USA, 15
Oil - 36
Natural Gas - 4
Biofuel/Biomass - 12
Peat - 12
Solar/rooftop - 0.44-0.83
Wind - 0.15
Hydro - world, 0.10
Hydro - world*, 1.4
Nuclear - 0.04
* Includes the 170,000 deaths from the failure of the Banquao Reservoir Dam in China in 1975
So, if not dubious, certainly cheap and pedantic.
Can you provide a bit more detail than that?
What is dubious? Why is it dubious? Do you have any evidence to back up what you're saying?
Is Climate Change Just A Lot Of Hot Air?
@newtboy,
I also noticed my point on CO2 forcing was missed earlier in thread still, I'll try one last time to express this.
In 1900 CO2 concentrations were under 300ppm, today they are nearly 400ppm. Climate model estimates place the impact of that extra 100ppm of CO2 as increasing the TOA energy imbalance by 3W/m-2. Observations of TOA energy imbalance are well agreed that the net imbalance is 0.5W/m-2. That means that natural processes(likely largely the 0.8C warming we've already had) have already cancelled out 2.5W/m-2 of that 3W/m-2. That is to say, 83% of the impact of increased CO2 concentrations has already been balanced out to date. How long it takes to get that all the way to 100% is part of the problems that climate models are trying to solve, but regrettably it's tied to TOA energy so models still don't have a great deal of veracity yet on that for us. Still, it's reason for a lot less gloom and doom than so many are calling for.
kulpims
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