At the end of August, 2008 Morgan Stanley received $10 billion under the Capital Purchase Program (CPP), also called the “big bank bailout” by average citizens, who wondered then why so much was spent on so few banks and financial institutions. After all, the direct cash came just from the taxpayers – $620 billion in all – in a flurry of so-called emergency disbursements.
It was a simple question to Gary Johnson in a 2012 interview, while running for President as the Libertarian candidate: How do you stop the deficits and out of control spending?
The answer from Johnson, who is currently managing 6% to 10% voter support in national polls:
A: Well, cutting $1.675 trillion from the federal government. You got to start out by talking about (cutting) Medicare and Medicaid by 43 percent. They could block grant the states, 50 laboratories of innovation. Give it to the states to deliver health care to the poor and those over 65 and do away with the strings. Do away with that regulations; let states handle it. There would be best practices emerge. Other states would emulate the best practices. They’re be failure. States would avoid the failure.
In general, and with very few exceptions, the Jews are not known for their sporting ability. From the Greeks and Romans with their Olympic Games, marathons and worship of the human body, through to nowadays, we Jews are more renowned for our brains than our brawn. Yes, we have Aly Raisman, the American Olympic superstar, and Mark Spitz who won 7 gold medals in the ill-fated 1972 Olympics, but Israelis are once again bemoaning our lack of medal-power (although there is still hope with the rhythmic gymnastics team), notwithstanding the two bronze medals won this year by judokas Yarden Gerbi (trained by former silver medallist Yael Arad) and Or Sasson. The one notable exception on Israel’s record was gold medallist Gal Fridman in the sailboard competition in 2004. You can see Israel’s sad showing at the Olympics at this table.
October is election month for municipalities in the Gaza Strip and West Bank, the first dive into Democracy in 11 years, and politicians everywhere know that the incumbents always want to put on a happy face.
But from the reports of starving children, the disabled tortured by Israeli troops, and a monumental lack of medicine and other supplies, you would think that things were really bad in Gaza.
How bad? The video above was prepared by Hamas to show that things aren’t horrible – in fact, they’re just peachy or whatever that term is in Arabic. People are smiling and holding up signs, saying “Thank you, Hamas.”
Everyone in the video seems so happy, and you wonder how Hamas could produce fake beaches and shopping centers and mansions for the filming. But then, maybe they didn’t produce propaganda from sets, just filmed reality.
At least now, the EU leaders can see what hundreds of millions of Euros goes for in their annual aid projects. They have created a tourist destination a sight prettier than the slums of Paris or the hovels in Athens for unemployed Greeks.
Another view of Gaza, missing from the tourist and election pitch, is the effort to train teens in the proper way to murder a Jew, as illustrated in the following video:
While the study of tax returns may have meaning for individuals, it has far little information than the assets and liabilities of a business. I learned this in the process of buying and selling newspaper companies in the 80s and 90s.
Donald Trump’s holdings are vast, and they are so diversified that any analysis of how each of hundreds of corporations makes a profit, would take yards of paper and millions of entries.
Warren Buffett is the best known man in Omaha, Nebraska – a hometown boy, fourth richest person in the world, and admirer of Hillary Clinton. That friendship, her speaking style and his popularity – combined – couldn’t fill the Omaha North High School auditorium, even after some of the stands were packed with too-young-to-vote schoolchildren.
There are times, such as yesterday in Nebraska, when even the wealthiest skinflint in the world must feel defeated.
Meanwhile, Donald Trump is turning away thousands at some rallies, attracting record audiences for a Republican candidate, throngs comparable to the crowds produced for Bernie Sanders, who was also running against Hillary.