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Did BlackRock’s Larry Fink Go Too Far?


      Meanwhile in the buiness world, Larry Fink a giant with over $6tn in holdings issued a letter to his CEOs on the topic of social justice..This is good news, but as per usual there are detractors..

      The tremor Wall Street felt last Tuesday was caused by a letter—the annual epistle from BlackRock CEO Larry Fink to CEOs of companies in which the world’s biggest institutional investor owns shares.

      To paraphrase an old EF Hutton TV ad, when BlackRock talks, people listen. Behind Fink is more than $6 trillion in global assets. That’s equal to 20% of the total U.S. market value, as measured by the Russell 3000 Index.Fink’s letter is too long to reprint, but here’s the salient part: “Society is demanding that companies…serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”

      I wonder how strange that sounds..

      Society is demanding that companies serve a social purpose. ?


      "Dark money" who wants some?

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      American Businesses Can't Find Workers


          I had to post this because it is so funny. Back when Obama was President and Trump was just a passing thought a few in the family graduated from College with great grades. But the jobs didn't want to pay them. They were after cheap employees. Sure they got a few that had no choice but to work because they had families already started etc. But I told my family eventually they will have no choice but to pay you for all of that great four year education you got under your belt. Work for the fast foods and at least you will know how the bottom half lives and you won't repeat it if you end up in a supervisory position.

          Well...the time has come business is mad as hell but realize the public will not be supporting their cheap labor any longer and they better start opening their wallets. They are now upping the salaries so they can keep their good workers and hire more good workers.

          In New England ...

          Restaurants can't find waiters, waitresses and cooks. One manufacturer was three months behind schedule as he struggled to hire workers for a new factory. Another industrial company with 100 employees had 20 job openings. Tech companies in Boston and elsewhere said it's getting harder to find software engineers.

          On the southern East Coast ...

          One trucking company said it's having so much trouble finding drivers that many of its vehicles were sitting idle in the parking lot, forcing the company to raise wages.

          On the West Coast ...

          Widespread reports of labor shortages forced bosses to hike wages. From farms to factories, employers said they couldn't find enough people, or enough skilled people. West Coast banks also reported prolonged job vacancies and searches for qualified candidates.

          So the deal here folks is that you know that Trump will take credit for this but really he had nothing to do with it. People across the US did this because they refused to work for companies paying welfare pay. BTW even Walmart is under fire and they too had to increase wages to keep good employees. And then they had the nerve to blame the layoffs and store closings on the employees demanding better pay...

          In some areas people worked long enough to get that first check and quit for some companies and the companies were repeatedly retraining new employees for which many of us know cost more money. It turned many businesses into revolving doors.

          well, not any longer they believe Corporations are finally getting the message.


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          Bitcoin Loses Billions And Billions In Value.


              The number one crypto currency, Bitcoin, lost half of it's peak value in one day. I don't play the markets and don't deal in ghost currency, but many do --I don't see how it is any different than a pyramid scheme. Perhaps it will rebound, show some vitality.

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              Citizens United Is Not "Just One Vote Per Corporation".


                  Citizens United............It is more than one corporate vote, it is 1 corporate vote in each state and one massive financial donation to each key campaign, in each state. Using a hierarchal/functional (Top Down/Horizontal) structure Corporate headquarters for the Parent company (a Top Down Corp) is able to benefit from and influence elections in any state in which they have a (subsidiary) horizontal support division, which includes both a vote and ability to contribute large amounts to key campaigns as they slowly become a 52 armed Octopus with an arm in a voting booth in every state




                  While they are not alone they and the likes of Koch Industries, Monsanto, Cargill, Unilever etc.... are effectively stealing the vote from the citizen.

                  ANTI-MONOPOLY LAWS, had and still do have a real and necessary purpose.

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                  China Warns The US It Will Fight Fire With Fire If Trump Admin Goes After ....


                      'China warned Washington on Thursday it will "resolutely safeguard" its interests ahead of a possible decision in an investigation into whether Beijing improperly pressures foreign companies to hand over technology.

                      'The United States is disrupting the international trading order by carrying out the "Section 301" investigation under its own laws instead of through the World Trade Organization, said Commerce Ministry spokesman Gao Feng.

                      'Trump ordered U.S. trade officials in August to investigate whether Beijing uses market access restrictions or other tools to compel foreign companies to hand over technology. A decision is expected as early as this month, though American officials have set no date.

                      '"If the United States insists on unilateral and protectionist practices that will undermine the interests of China, we will take all necessary measures and resolutely safeguard the legitimate rights and interests of China," Gao said at a regular briefing.

                      'If the investigation concludes Beijing acted improperly, Washington could seek remedies either through the WTO or outside of it.

                      'Gao gave no indication of how Beijing might respond but Chinese law gives regulators broad discretion over what foreign companies can do in China.

                      'Gao also criticized the United States for using "so-called national security" as a reason to block a Chinese billionaire's acquisition of money transfer service MoneyGram.'


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                      U.S. Immigration Operation Targets 7-Eleven Stores In 17 States


                          'U.S. immigration agents fanned out to nearly 100 7-Eleven convenience stores nationwide on Wednesday, arresting 21 people suspected of being in the country illegally and giving owners a tight deadline to prove other employees are authorized to work.

                          'The operation was the largest worksite enforcement by U.S. Immigration and Customs Enforcement, or ICE, since Republican President Donald Trump took office last January, agency spokeswoman Danielle Bennett said in an email.

                          '“Today’s actions send a strong message to U.S. businesses that hire and employ an illegal workforce: ICE will enforce the law, and if you are found to be breaking the law, you will be held accountable,” ICE Deputy Director Thomas Homan said in a statement.

                          'Taking a harder line on illegal immigration, including building a wall at the border with Mexico, was a touchstone for Trump during the 2016 election campaign.

                          'At a White House meeting on Tuesday, Trump urged lawmakers to quickly reach a bipartisan deal on a program for "Dreamers," people who came to the country illegally as children, before moving on to a comprehensive immigration bill.

                          '"Notices of inspection" were delivered on Wednesday to 98 7-Eleven stores in 17 states and the District of Columbia beginning at 6 a.m. in each local time zone. Owners and managers have three business days to produce documents showing their employees are in the country legally or they could face civil and criminal penalties, ICE said.'

                          The states where the employment audit notices were served were California, Colorado, Delaware, Florida, Illinois, Indiana, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Texas and Washington, ICE said.


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                          Economics 101


                              Economics 101

                              The GOP Tax Scam reignites a long-simmering

                              debate on the true nature of economics

                              Ray Cunneff

                              December 19, 2017

                              Economics is the painful elaboration of the obvious.

                              An economist is someone who doesn't know what he's talking about - and makes you feel it's your fault.

                              The Natural Rate of Unemployment
                              Newlan's Truism: An "acceptable" level of unemployment means that the economist to whom it is acceptable still has a job.

                              An economist who claimed an almost infallible record of accuracy predicted a fifty percent chance of a stock market crash the following day. Next day, when the market did not crash, he proclaimed "See, I told you so".

                              When Albert Einstein died, he met three Republicans in the queue outside the Pearly Gates.

                              To pass the time, he asked what were their IQ's. The first replied 190. "Wonderful," exclaimed Einstein. "We can discuss the contribution made by Ernest Rutherford to atomic physics and my theory of general relativity".

                              The second answered 150. "Good," said Einstein. "I look forward to discussing the role of nuclear-free legislation in the quest for world peace".

                              The third Republican mumbled 50. Einstein paused, and then asked, "So what is your forecast for the budget deficit next year?"

                              - The Economist June 13th 1992

                              A mathematician, an accountant and an economist apply for the same job.

                              The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."

                              Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."

                              Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?

                              Q: How many conservative economists does it take to change a light bulb?

                              A#1: None. If the government would just leave it alone, it would screw itself in.

                              A#2: None, because, look! It's getting brighter! It's definitely getting brighter!

                              A#3: None, they're all waiting for the unseen hand of the market to correct the lighting disequilibrium.

                              - Wharton School of Business Journal Feb. 21, 1994.

                              One night, a policeman saw an economist looking for something in the glow beneath a light pole. The cop asked if he had lost something there? The economist said, "I lost my keys over in the alley." The cop asked him why he was looking by the light pole? The economist responded, "it's a lot easier to look over here."

                              A ‪‎physicist‬, an ‪‎engineer‬ and an ‪‎economist‬ are stranded in the desert. They are hungry and find a can of corn. They want to open it, but how?
                              The physicist says: “Let’s start a fire and place the can inside the flames. It will explode and then we will all be able to eat”.
                              “Are you crazy?” says the engineer. “All the corn will burn and scatter, and we’ll have nothing. We should use a metal wire, attach it to a base, push it and crack the can open.”
                              “Both of you are wrong!” states the economist. “Where the hell do we find a metal wire in the desert?!

                              The solution is simple: Assume a can opener…”

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                              Pundit Post

                              Wildfires Pile Woes On California Pot Industry After Tough Year


                                  I am putting this post under the "Business" category due to the cost to the Marijuana Industry, but it is also essential for people to note that Southern California's four raging wild fires in the Los Angeles area have forced 200,000 people to evacuate and destroyed hundreds of homes.

                                  San Luis Obispo County has scores of pot farms, some of them larger than one acre (0.4 hectare). Growers in Los Angeles, on the other hand, tend to set up indoor operations due to lack of open farmland, he said, meaning they are better protected from smoke. The city has more than 10,000 grows, the industry estimates, many of them small.

                                  Things could be worse for the marijuana industry in the state, Allen said, except for the fact that particularly hard-hit Ventura County does not issue permits for pot farms.

                                  The smoke billowing from the latest blazes could be damaging for growers in San Luis Obispo County, up the coast to the north of the city, as well as in Los Angeles itself, he said.

                                  The October wildfires significantly damaged or destroyed 73 licensed pot farms in Mendocino and Sonoma counties, Allen said. Others without permits were also hit, he added, although most of those were unlikely to come forward.

                                  "It's been a very intense year," Allen said.

                                  To read the entire article: https://www.aol.com/article/news/2017/12/07/wildfi...

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                                  Senator Warren Scrutinizes Equifax.

                                  Senator Warren at her best. You don't know how lucky you are to have her :)


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