02-26-2020, 11:04 AM | #21651 |
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So I came across this article today and it reminded me of the Greta vs. Malala discussion on this thread... apparently they just met for the first time
Greta Thunberg meets Malala Yousafzai at Oxford University - BBC News
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02-26-2020, 01:27 PM | #21652 | |
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Looks like everyone was nice & calm |
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02-26-2020, 01:34 PM | #21653 |
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Well yeah, no one at that meeting in Oxford is an asshole that you need to yell at
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02-26-2020, 02:57 PM | #21654 | |
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Not sure how "real" or significant the "law enforcement grant" is but looks like another win for the Trump team.
https://www.cnn.com/2020/02/26/polit...ies/index.html Quote:
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02-26-2020, 03:01 PM | #21655 |
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Withholding tax funds from tax payers. Such a win.
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02-26-2020, 03:03 PM | #21656 |
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I'm sure the conservative, small government, state's rights, taxation is theft crowd will be up in arms by that move. Wait, their tongues are still attached to his boots.
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02-26-2020, 04:13 PM | #21657 |
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Or are just too racist to care. It comes down to Trump can do anything he wants to New York or California. They are not "real Americans" there.
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02-26-2020, 04:25 PM | #21658 |
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Not to mention New York and California pay in far more in taxes than they receive back from the Federal government. You could call this a "redistribution of wealth" if you want. Weird that the vocal anti-socialist of the board supports it.
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02-26-2020, 04:25 PM | #21659 |
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Yeah, the whole States Rights crowd, should be pissed about the government telling a local city what they should do with their law enforcement to best serve the people of their city. Essentially dictating how much money the local government spends for the benefit of the feds.
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02-26-2020, 06:28 PM | #21660 | |
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Coming from that crowd, a few thoughts: 1) I lean more towards open borders than closed borders, but with the laws as they are, since citizenship and immigration is under the purview of the Federal government, it is within the rights of the Federal government to withhold grants if the local government is flouting Federal law. 2) The local government are speaking out of both sides of their mouth on this. They want grant money from the Feds to help enforce laws, but they want to pick and choose which Federal laws to enforce. 3) The local government CAN and SHOULD be allowed to choose which laws to enforce on a local level (that's the whole point of elections for executive offices), however they should not be shocked to not receive grants to help enforce the laws they are choosing not to enforce. If you are not enforcing some of these, why do you need the money? |
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02-26-2020, 07:06 PM | #21661 | |||
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Then you're not a state's rights supporter. You're a big government person who believes the federal government should hold purview over the state. That's fine, just don't claim state's rights or smaller federal government on other issues. Quote:
No, they want money that they paid in. If you don't want to provide them with their tax dollars, you shouldn't collect it from them. This is a redistribution of wealth based on party affiliation. And states are not obligated at all to enforce federal laws. They can't obstruct, but they don't need to do the feds job for them. This was a decision that conservative, state's rights, small government folks approved of at one time. Quote:
The Byrne Grant is not for illegal immigration. It's a broad grant that funds new technology in law enforcement, forensics, drug treatment, court costs, and community programs. If there is a percent of that grant specifically delegated toward combating illegal immigration, take that out. But this is nothing more than taking someone's tax dollars and not returning it to their community out of political spite. |
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02-26-2020, 07:07 PM | #21662 | |
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State's rights folks don't really exist. It's just an excuse used to defend the confederacy and slave holders. When push comes to shove, they love their federal government. |
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02-26-2020, 07:56 PM | #21663 | |
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There are a wide array of laws where there is murky ground between the Federal and state government. In my opinion, those murky areas belong to the states not the Federal government. Don't put words in my mouth. If I have a kid that openly flouts my authority, I have the right to not grant privileges to that kid, that I grant to my other kids. Its no different here. Most tax dollars that are collected by income tax are not earmarked towards anything, they go into a fund and Congress votes on the budget. From that fund, grants and expenditures are determined and voted upon. From there, the cash is allocated, and for the most part spent. Not all money allocated to a fund or part of the budget needs to be spent. Should this money be given back to the people, yes, but that is a separate argument. With regards to the Byrne Grant, it helps fund law enforcement and forensics. Those areas help the executive branch enforce laws at the local level. (If they do not, then is the grant even needed?) It is within the power of the Federal government to withhold the grant. Just as it was within the power of the Federal government to grant the money under Obama if the Federal laws were selectively enforced at the local level. Again, I am not saying that I side with Trump in this, I understand where he is coming from and do not begrudge him the ability to deny the funds for whatever reason he deems appropriate. Just as I would not begrudge Obama the ability to do the same thing. Also, a grant is not the return of taxes. That is a tax rebate. A grant is awarded, and typically has a set of standards by which they are awarded. They are not mandatory expenditures. |
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02-26-2020, 08:41 PM | #21664 | ||||
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Kids is a ridiculous comparison. Your kids don't pay you taxes and then see those taxes unevenly distributed based on political affiliation. No one is flouting the federal governments authority. They are free to go in and arrest who they like. The state is saying "we aren't going to do your job for you" which they have every right to do (and do on many other laws). Quote:
It's not a separate argument. You are taking money from a group of people and not providing them with the same law enforcement protection because of political affiliation. It goes against what the Byrne Grant was set up to do. Quote:
This is just wrong. It is not used to help the executive branch enforce laws at a local level. In fact, the federal government takes a hands-off approach and allows states and localities to use the funding for their specific needs. Quote:
I'm sure if Obama cut funding for roads to states that allow open carry, there would be a different response from the people supporting this. This is the federal government punishing states who don't follow their political ideology. Something a state's rights person would be irate over. No amount of mental gymnastics covers that hypocrisy. |
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02-28-2020, 06:48 AM | #21665 |
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Trump held an important meeting on coronavirus yesterday.
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02-28-2020, 08:57 AM | #21666 |
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Too funny not to share
Eric Columbus on Twitter: "A little more stock market volatility and Trump might tweet this a fourth time.… "
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02-28-2020, 09:13 AM | #21667 |
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Fox News calling this a market correction. Unreal.
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02-28-2020, 09:20 AM | #21668 |
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That's technically what it is. I mean I'm sure they have political reasons for calling it a correction but by definition it isn't a crash it's a drop of more than 10% from a previous high. A lot of places are calling it a correction.
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02-28-2020, 09:22 AM | #21669 |
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Yeah, that is the proper technical term at the moment.
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02-28-2020, 09:53 AM | #21670 |
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I'm surprised their isn't an Edward post echoing Trump's praise that the market is above 25,000.
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02-28-2020, 10:18 AM | #21671 | |
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Nah, too busy trying to figure out what the stock market will look like in the United Socialist States of America .... Oh wait. Everything will be free anyway and Cuba doesn't have a stock market, no need to worry. |
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02-28-2020, 10:21 AM | #21672 | |
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We're about another -6% from a bear market? More than half-way, let's go ahead and get that "overdue" marker out of the way. |
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02-28-2020, 10:26 AM | #21673 |
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There is a lot of uncertainty about the impact of the virus. And it's not because people are afraid of casualties or a Stephen King "The Stand" situation, it's because of the impacts of the quarantines. There a factories in Asia that don't have workers because they are in two week quarantines because they were in China for holiday or lived near there. Until the world gets production going, this uncertainty is going to hurt the market.
I'm not sure this is great news to getting rid of Trump though. My guess is we have a rough March/April and then a slow uptick from June - August (which Trump will take some credit for). But, I do think 1st Q earnings will be bad and manufacturing/production issues will be a big issue until the summer. Last edited by Arles : 02-28-2020 at 10:27 AM. |
02-28-2020, 10:35 AM | #21674 | |
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I agree it's the supply chain that originates or includes China and the downstream impacts that's causing the great uncertainty in the markets. |
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02-28-2020, 12:16 PM | #21675 |
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I think there's a lot of selling now because the fear is things will grind nearly to a stop for a while. We are just beginning to feel the effects in the West. When schools close, factories close, events get canceled, etc. things will get worse.
The big question is how leveraged are firms? I know they can't be as leveraged as in 2007, but when do losses start causing firms to sell just to cover margins?
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02-28-2020, 12:41 PM | #21676 |
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Turkey troops killed by Syria. NATO meeting called.
I don't like how we did it but I am for getting out of (or significantly reducing our presence in) Syria and since Turkey seemed to want to fill the vacuum, this is primarily their broken China shop to deal with now. Don't know what is going on. It would seem to put Erdogan in a weak position to now cry and say "mom, this other bully punched me in the nose". What is Turkey's end game here? I know its to limit the Syrian Kurds threat to Turkey but is the intent also to occupy/annex northern Syria for the forseeable future? Last edited by Edward64 : 02-28-2020 at 12:41 PM. |
02-28-2020, 02:06 PM | #21677 | |
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Looking forward, I think as long as people keep buying products, we will be OK. It will be a bit of a supply chain minefield, but it isn't going to cause massive factory shutdowns or company bankruptcies (IMO). The highest chance of those issues are in China and the government will just bail them out until it passes. My guess is the media, schools and political aspects of the virus paint a "certain doom" picture, but businesses just have a small dip in orders for a few months. If it does appear bad (I don't think it ever will be bad), congress would step in anyway. The one "good" thing about Trump is he won't want massive economic hits on his resume going into the election. So, I fully expect him to leverage aspects of our country (not as good) to ensure there isn't a major impact going into November. Last edited by Arles : 02-28-2020 at 02:10 PM. |
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02-28-2020, 02:31 PM | #21678 |
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How's everyone's 409K?
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02-28-2020, 02:35 PM | #21679 | |
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I expect there to be lots of shutdowns regionally. It won't equally effect the entire country, but where it does hit will see tremendous pressure to send everyone home for a few weeks.
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02-28-2020, 02:38 PM | #21680 |
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02-28-2020, 02:54 PM | #21681 |
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02-28-2020, 03:00 PM | #21682 |
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It seem fear is the biggest component. For instance, I'm a part owner in a business that imports custom products from China. Everything is fine at the moment. But we realize at any time we could get a call/e-mail saying the factory is shutting down for awhile.
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02-28-2020, 03:17 PM | #21683 |
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Unless you're like about to retire or are retired (and if that is the case your money should mostly not be in stocks/mutual funds) then this is a gift to you. The virus is a terrible thing for people of course and nobody (well at least I don't think anyone) is glad about it happening but it's something that by all accounts will run its course and will most likely not have long standing economic impacts so the entire market is on sale for you. If you're a weekly contributor whatever you bought last week is 10-15% cheaper this week. All that matters in a 401k account is what it's worth when it's time to cash out. In the meantime if prices are lower you're getting to accumulate more shares than you otherwise would have. Now if you're trading or investing for your own personal gain then yeah, this week sucked |
02-28-2020, 03:20 PM | #21684 |
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02-28-2020, 03:52 PM | #21685 |
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Dear God.
Trump is talking about new tax cuts. We're all gonna get sick.
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02-28-2020, 04:00 PM | #21686 |
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dola
Appeals Court rules that Don McGahn doesn't have to testify before congress. It may go to SCOTUS, but the GOP is pretty close to eliminating congressional oversight of the executive.
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02-28-2020, 04:24 PM | #21687 |
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02-28-2020, 04:24 PM | #21688 |
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02-28-2020, 04:36 PM | #21689 |
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lol Fox News showing a chart that proves that even after this week the market has gone way up since 1929.
If the virus hits like medical professionals think it will the GOP response is going to be crippling for their election chances. All of the models and polls right now can be thrown away if the virus takes hold.
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02-28-2020, 04:42 PM | #21690 |
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02-28-2020, 04:45 PM | #21691 |
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Also congrats to everyone on their 0.8% return since that tweet.
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02-28-2020, 04:51 PM | #21692 | |
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A loss for Trump.
IMO worked pretty well in "punting" the problem to Mexico (and Trump has been able to bully Mexico). Unsure what happens next. https://www.cnn.com/2020/02/28/polit...urt/index.html Quote:
Last edited by Edward64 : 02-28-2020 at 04:54 PM. |
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02-28-2020, 05:31 PM | #21693 |
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I can't decide if it's better if Trump blows off the coronavirus, or if he takes it seriously.
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02-28-2020, 05:33 PM | #21694 | |
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Has there ever been a President that sounds this fucking stupid? I'll answer, no, not even close. |
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02-28-2020, 05:57 PM | #21695 |
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02-28-2020, 06:00 PM | #21696 | |
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This will be interesting. I think he'll downplay it to the media as much as possible. Might get into conspiracy theory territory here too where he says the CDC and doctors are lying. If it gets real bad, we could enter some really dark shit where they just won't admit the people are dying of the disease. I have to imagine behind the scenes people are taking it serious because his re-election largely rides on this response. Plus I'm sure people there don't want to die. |
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02-29-2020, 04:23 AM | #21697 |
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My wife is an optician. She says she is seeing serious supply problems with glasses frames right now. Even the one American made frame company is way behind, because all of their parts come from China.
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02-29-2020, 04:45 AM | #21698 |
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02-29-2020, 07:08 AM | #21699 | |
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One of the factories for the company my wife works for in China is shut down. They are going to have big problems soon. Last edited by Lathum : 02-29-2020 at 07:24 AM. |
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02-29-2020, 07:10 AM | #21700 | ||
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Spoke too soon, apparently still in place until to gets to SCOTUS. https://www.cnn.com/2020/02/28/polit...urt/index.html Quote:
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