Thursday, September 03, 2015

Tens of Thousands of Syrian Refugees caught in Bureaucratic Red Tape as Children Die

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Warning: this article contains images
that readers may find distressing


Meet three-year-old Aylan Kurd and his five-year-old brother Galip.  This was before they were caught in a cross fire of the war between the Islamic extremists and Kurds in Syria.  Survival depended on their families reaching the shores of Europe before getting killed in the bombing.


Here is Aylan Kurd yesterday, on the beach in Greece, where he, his brother, and mother all died when they were in sight of freedom.


   
We are in the midst of a refugee crisis exasperated by politics that is killing thousands of people while bureaucrats hide behind EU laws wholly unsuited for the world of today.  I say "we" because our United States policy toward Iraq and Syria and our military action is the cause for the 11 million people fleeing those countries and landing in no man's land.



Look at the numbers of Syrians alone fleeing the war zone for a better life for their families.  These are the latest estimates of the human carnage.




300,000 Dead
1,200,000 injured
11,000,000 Displaced



America has been surprisingly quiet about the tragedy unfolding in the EU while Pope Francis and other world leaders have sounded the alarm.  All the more surprising since we built the coalition to go to war against Syria and ISIS.



However, the time for talking is over.  We must pressure the EU to suspend or modify their rules requiring the registration of refugees at the borders and allow the immediate and free movement of the thousands of families caught in the bureaucratic snafu, to get to the countries where they are welcome.



The people of Europe are among the most generous in the world.  They are prepared to house and feed the starving refugees.  Germany, France, and other countries stand ready to save a generation of Middle Eastern children if the bureaucrats would just allow them to pass through border countries to the destinations waiting to help.



We cannot stand by and watch.  Demand action.  Save lives.  Protect our children!
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Wednesday, September 02, 2015

Wall Street blames China for meltdown - What is the truth?

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Chinese President Xi Jinping
Here we go again, when anything goes wrong in the world Obama, our politicians, and now Wall Street, blame China.  As I have written several times, maybe we should not rush to judgement until the facts have arrived.  In the meantime there are some truths that might suggest our economic experts continue to be wrong.

For example, ever since the second greatest stock market crash in history when President Obama took office, America has been struggling to regain an economic foothold.  In the past six years we have had one of the slowest recoveries in history and many people wonder if anything really did recover.


Well everyone on Wall Street certainly recovered including those nasty banks who manipulated the market and nearly destroyed the nation.  The greatest beneficiary was Goldman Sachs who also happened to be the largest contributor to the Obama campaign.


So great was their influence that Rahm Emanuel of Goldman became the first Obama White House Chief of Staff. A CBS News analysis of the revolving door between Goldman and government reveals at least four dozen former employees, lobbyists or advisers at the highest reaches of power both in Washington and around the world.


One would think after the loss of trillions of dollars of middle class wealth, home values, retirement funds, etc., Obama would have us prepared to manage another financial crisis. Yet in the most current economic crisis there is silence from the White House.  Come to think of it, after all these years since the last crisis, there has been virtually no prosecutions, no fat cats in jail, no banks dissolved, nothing considering the degree of the crime.


So here we are, six years later blaming China for our stock woes.  What happened to all the financial reforms?  Here is a list of  government agencies and congressional committees and subcommittees, the executive and legislative branch resources, to maintain our economy.


U.S. Government Executive Branch Financial Regulators

Bank and Market Financial Regulators
US Department of Treasury
US Department of Justice
Office of the Comptroller of the Currency
Office of Thrift Supervision
Securities and Exchange Commission
Federal Deposit Insurance Corporation
Commodities Futures Trading Commission
National Credit Union Administration

Non-Bank Financial Regulators
Federal Housing Finance Agency
Consumer Financial Protection Bureau

Regulatory Umbrella Groups
Financial Stability Oversight Council
Federal Financial Institution Examinations Council
President’s Working Group on Financial Markets
Non-Bank Capital Requirements
Federal Housing Finance Agency
The SEC’s Net Capital Rule
CFTC Capital Requirements
Foreign Exchange Markets
Treasury Securities
Private Securities Markets

Federal Reserve System

CFTC Is Next Agency To Consider Regulating Algorithmic Trading
By Jenny E. Cieplak on June 9, 2015



U.S. Government Legislative Branch Financial Oversight


The House of Representatives


The House of Representatives

The Senate


The Senate
Senate Committee on Agriculture, Nutrition, and Forestry
Subcommittee on General Farm Commodities, Risk Management and Trade
Subcommittee on Conservation, Forestry and Natural Resources
Subcommittee on Horticulture, Research, Biotechnology, and Foreign Agriculture
Subcommittee on Livestock, Marketing and Agricultural Security
Subcommittee on Nutrition, Speciality Crops and Agricultural Research
Subcommittee on Rural Development and Energy
Senate Committee on Appropriations
Subcommittee on Agriculture, Rural Development, Food and Drug Administration and Related Agencies
Subcommittee on Commerce, Justice, and Science, and Related Agencies
Subcommittee on Defense
Subcommittee on Energy and Water Development
Subcommittee on the Financial Services and General Government
Subcommittee on State, Foreign Operations, and Related Programs
Subcommittee on Homeland Security
Subcommittee on Interior, Environment, and Related Agencies
Subcommittee on Labor, Health and Human Services, Education, and Related Agencies
Subcommittee on Legislative Branch
Subcommittee on Military Construction, Veterans Affairs, and Related Agencies
Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
Senate Committee on Armed Services
Subcommittee on Airland
Subcommittee on Readiness and Management Support
Subcommittee on Seapower
Subcommittee on Strategic Forces
Subcommittee on Emerging Threats and Capabilities
Senate Committee on Banking, Housing, and Urban Affairs
Subcommittee on Economic Policy
Subcommittee on Financial Institutions and Consumer Protection
Subcommittee on Housing, Transportation, and Community Development
Subcommittee on National Security and International Trade and Finance
Subcommittee on Securities, Insurance, and Investment
Senate Committee on the Budget
Senate Committee on Commerce, Science, and Transportation
Subcommittee on Aviation Operations, Safety, and Security
Subcommittee on Communications, Technology, Innovation and the Internet
Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security
Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard
Subcommittee on Space, Science and Competitiveness
Subcommittee on Tourism, Competitiveness, and Innovation
Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and Security
Senate Committee on Energy and Natural Resources
Subcommittee on Energy
Subcommittee on Public Lands, Forests and Mining
Subcommittee on National Parks
Subcommittee on Water and Power
Senate Committee on Environment and Public Works
Subcommittee on Clean Air and Nuclear Safety
Subcommittee on Superfund, Waste Management, and Regulatory Oversight
Subcommittee on Transportation and Infrastructure
Subcommittee on Fisheries, Water and Wildlife
Senate Select Committee on Ethics
Senate Committee on Finance
Subcommittee on Energy, Natural Resources, and Infrastructure
Subcommittee on Fiscal Responsibility and Economic Growth
Subcommittee on Health Care
Subcommittee on Social Security, Pensions, and Family Policy
Subcommittee on Taxation and IRS Oversight
Subcommittee on International Trade, Customs, and Global Competitiveness
Senate Committee on Foreign Relations
Subcommittee on State Department and USAID Management, International Operations, and Bilateral International Development
Subcommittee on Africa and Global Health Policy
Subcommittee on East Asia, the Pacific and International Cybersecurity Policy
Subcommittee on Europe and Regional Security Cooperation
Subcommittee on Multilateral International Development, Multilateral Institutions and International Economic, Energy, and Environmental Policy
Subcommittee on Near Eastern and South Asia, Central Asia and Counterterrorism
Subcommittee on Western Hemisphere, Transnational Crime, Civilian Security, Democracy, Human Rights and Global Women's Issues
Senate Committee on Homeland Security & Governmental Affairs
Subcommittee on Financial and Contracting Oversight
Subcommittee on Federal Spending Oversight and Emergency Management
Permanent Subcommittee on Investigations
Subcommittee on Regulatory Affairs and Federal Management
Senate Committee on Health, Education, Labor, and Pensions
Subcommittee on Primary Health and Retirement Security
Senate Select Committee on Intelligence
Senate Committee on the Judiciary
Subcommittee on Antitrust, Competition Policy and Consumer Rights
Subcommittee on Bankruptcy and the Courts
Subcommittee on The Constitution
Subcommittee on Crime and Terrorism
Subcommittee on Immigration and the National Interest
Subcommittee on Oversight, Agency Action, Federal Rights and Federal Courts
Subcommittee on Privacy, Technology and the Law
Senate Committee on Small Business and Entrepreneurship
Senate Committee on Veterans' Affairs

So far no word from any of these groups as to what they are going to do regarding market manipulations from the kings of Wall Street.


Ironically, when it comes to the Chinese, they are all over the news with their crackdown on corruption, unfair business practices, and market manipulations.  Why is it the Chinese are going after the American companies who are introducing American crooked business practices to the Chinese market, assuming the Chinese will never figure out what went wrong.

Of course it is a safe assumption since the dozens and dozens of American regulators seem to have no interest in stopping the practices here.  Look at the headlines the Chinese have generated around the world while we sit on our butts and cast stones.


Leadership is the first requirement for fixing things and Chinese President Xi Jinping has launched one of the largest and most aggressive anti-corruption campaigns in the world. First he took on those throughout the government and now he is focusing on those who have undermined the Chinese efforts to improve the quality of life for the people.
  
As for the stock market, in China, it only takes one agency to do what the dozens of US agencies cannot do and that is the China Securities Regulatory Commission.  Once again President Jinping has attacked the problem where it is needed.  Maybe they can come here and show us what to do.


These are the headlines around the world concerning the Chinese effort to drive the crooks out of the financial markets.


Beijing scraps large-scale stock buying

Authorities to step up crackdown on those ‘destabilising’ market

China says 197 punished in crackdown on online rumors

China stocks slide as crackdown on speculators spreads, lose 11 percent in August

SHANGHAI

China warns securities industry as crackdown on stock market irregularities expected to intensify


Securities regulator orders industry to step up supervision after brokerage staff, officials and journalist are detained over unethical trading

China arrests nearly 200 in stock market crackdown


Shadow lending crackdown looms over China’s stock market


China stock exchanges step up crackdown on short-selling

China’s (Renewed) Crackdown on Insider Trading


Avic Units Targeted In China's Crackdown On Sell-Offs

China accuses brokers of manipulating share prices during stock market crisis

Beijing’s police ministry said it has launched a criminal investigation into unlicensed companies that financed speculative trading

China accuses trading firms of manipulating stocks

Wall Street Breakfast: China Heightens Curbs In Market Crackdown
Aug. 4, 2015 7:06 AM ET
   
China has unveiled more rules that make it harder for speculators to profit from hourly changes in stock prices. Under the new guidelines, short sellers must wait at least one day to cover their positions and repay loans used to buy shares.

Behind enemy lines - foreign hedge funds thrive in China

China stock exchanges are stepping up a crackdown on short-selling
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Carly Fiaona Conquers CNN with Surge in Polls, Class, and Confidence

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Ever since 2010, I have been writing about the qualities and qualifications of Carly Fiorina, as a newcomer to American politics and potential superstar in the future.  I noted she was smart, savvy, cultured, intelligent, and very aware of the issues both domestically and abroad.

This spring she announced for president, but it was not until her dominating performance in the pre-debate against the other men that she dominated the night and surged in the polls.  Ever since she has been the ideal candidate compared to the street brawlers leading the GOP polls.


CNN is moderating the second GOP debate and adopted bizarre rules to determine which candidates would be on the main debate and who would be in the secondary shuffle.  One wonders what CNN will do to top the Fox News Kelly and Trump controversy and record ratings.

Before the debate even began, however, CNN created a firestorm of controversy by saying that it did not matter that Carly Fiorina won the first debate and catapulted from near the bottom of the polls to number 3 in Iowa out of sixteen candidates, she would not be on the main stage.


It seems the CNN gang had established rules that only the top ten in the average of polls from June 1 to September 2 would make the center stage.  Carly, who surged to the top three after the debate, had no chance to be in the final because, according to CNN, there were not going to be enough polls run after the first debate to bring her into the top ten.

Then CNN went so far as to say there was no way to change the rules.  Carly was disappointed but had too much class to get into mudslinging.  Of the other 15 candidates only Ben Carson commented saying she earned the right to be on the stage and RNC chair Reince Priebus also called for a rules change.  CNN said no.


Suddenly there was a public backlash against CNN for blocking the only female candidate for president on the GOP side from the debate.  Lo and behold, CNN figured out on September 1 they could change the rules to make the debate fair and they did.  It will be a great opportunity for America to learn about the other female candidate for president besides Hillary, and I think people might be impressed.

In the meantime, the newest poll in Iowa had quite startling results showing Ben Carson had tied Donald Trump at 23% each while Carly was alone in third with 10% of the vote.  All the other familiar names were behind the three outsiders to politics.  In other words, 56% of the GOP voters in Iowa want someone with NO political experience.

US News and World Report September 1


Some cracks are beginning to appear in The Donald's armor as he seeks the Republican presidential nomination.

The latest Monmouth University poll shows billionaire real estate developer Donald Trump is now in a statistical tie in Iowa with retired neurosurgeon Ben Carson, whose support is surging. Each has the backing of 23 percent of likely Iowa GOP caucus goers. It's the first time in six weeks that Trump hasn't been the clear leader in a major poll in Iowa, the first state to hold a nominating event in 2016, CNN reports.

Both Trump and Carson are non-politicians who promise to shake up Washington. Former business executive Carly Fiorina still another Washington outsider, has moved up into third place with 10 percent. The combined support in Iowa for these three outsider candidates – Trump, Carson, and Fiorina – is 56 percent, but Carson and Fiorina are far less blustery and less inclined to lob one-liners and insults than Trump.

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