Old Friends

Harry The Greek said

“Bill Barr and Robert Mueller are best friends. Their wives have been in the same Bible study for over 20 years.”

Where’s all that money coming from?

Deremigi's Blog

June 18, 2014

Today, June 18, 2014; just before the chairman of the federal reserve stood up and ended her news conference, someone asked a fundamental question referring her to the Standard and Poor stock exchange’s surpassing its historic value, and asking if the federal reserve thought that such record heights for stocks were historically typical. Her response though almost subdued, perhaps because she was thinking of the irony implied in the question that might also have referenced Canada’s TSX exchange today at record levels while interest rates, the purview of the federal reserve and the Bank of Canada, are being kept historically low, sounded hushed but direct: stock markets are functioning at historic norms.

Now since I have no financial literacy, I’ve been wondering to myself for some time now how stock exchanges in North America could be doing record business while interest rates for those who might qualify…

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Why did he nominate her?

“Trump withdraws Treasury nomination of former U.S. attorney for D.C. Jessie Liu”

This header titles an article in Stars & Stripes, attributed to Washington Post writer, Keith L. Alexander.

The article questions why the president would withdraw the appointment of Ms. Liu.

But according to his conservative supporters Liu as the president’s nominee was about to face interrogation by senators about her accepting a token jail term for someone in the Mueller probe whose offences normally exacted a far grater jail penalty than the 2 month token.

Though I learned of the likely reason for the withdrawal yesterday, still no one has bothered explaining why the president nominated her in the first place. Since everyone assumes he vindictively removed hostile witness Vindman from the White House; then similarly anyone like Ms Liu who treated his investigators sympathetically during the Mueller investigation, the president should not have nominated for a promotion.

Do people hate people?

Deremigi's Blog

December 12, 2013

Two problems have emerged in the years since the 1970’s through the oil embargo driven depression of the early 1980’s in North America: diminishing opportunities for employment and increasing divisions among national populations where people have come to behave as though “people hate people“. Both of these matters are satirized in the June, 2013 movie The Internship so conspicuously that the movie’s content resists submission to the formal disciplining of a controlling narrative. It exaggerates the clash between know-nothing dinosaur-like older salesmen and the ever on the hair pin of hostility, hip and in tune with technology, intelligent young students, to convey the message that both older workers and youth are losing work to machines, and that people are forfeiting the capacity to respectfully communicate with people.

The movie develops from two middle aged salesmen Nick and Bill being given notice when their boss decides to close…

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Protectionism expired to birth the income tax in 1842 UK & 1914 US

Deremigi's Blog

…The budget of 1842 reduced the tariff on some 750 articles, and three years later Peel reduced tariffs still more. Duties on raw materials were mostly abolished and those on manufactured articles were consolidated at a general level of 10 per cent. In these ways the burden of revenue was moved from trade to ordinary citizen, and the motive of protection was virtually abandoned…

And Jason Orestes of the Washington Examiner reminds us on January 29, 2020

Tariffs were once a mainstay in U.S. trade policy. Constituting the main source of federal revenue from 1790-1914, and at one point providing over 90% of government income, they were a pivotal component of U.S. fiscal and foreign policy. Their main motivation in those times: protect U.S. industry from foreign opposition. It wasn’t until colossal industrial growth coupled with the introduction of the income tax rendered them less critical to the government balance…

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