POLITICS

thelivyjr
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Re: POLITICS

Post by thelivyjr » Tue Sep 04, 2018 1:40 p

THE CAPE CHARLES MIRROR September 4, 2018 at 6:34 pm

Paul Plante says :

And since we are actually looking at the start of a presidential campaign here, whether we realize it or not, as Progressive Democrat and Democratic Socialist Young Andy Cuomo, the thuggish governor of corrupt New York state, the most corrupt state in the nation, amps up his rhetoric as the opposition to U.S. president Donald Trump in anticipation of his 2020 run for the Washington White House, let’s take a quick review of things here for the moment as regards the many positions Young Andy has taken with respect to the question of America being “great,” or not.

First off, we have Young Andy in The Hill article “Cuomo: America ‘was never that great’” by Emily Birnbaum on 15 August 2018 telling us American citizens as follows:

New York Gov. Andrew Cuomo (D) said at an event on Wednesday that America “was never that great,” drawing groans and boos from the crowd.

end quotes

Then we have the “walk-back” by Young Andy in The Hill article “Cuomo reverses ‘inartful’ comments: ‘Of course America has always been great’” by John Bowden on 17 AUGUST 2018, to wit:

New York Gov. Andrew Cuomo (D) reversed remarks he made earlier this week about American greatness, calling his language “inartful.”

Cuomo told reporters on a conference call Friday that he believes the country “has always been great,” the Democrat and Chronicle reported.

“The expression I used the other day was inartful, so I want to be very clear,” Cuomo said Friday.

“Of course America is great and of course America has always been great.”

“No one questions that.”

end quotes

But at the same time, if we go back to 2010, when Young Andy was announcing his candidacy for governor of New York as was reported by the NY Times https://www.nytimes.com/video/multimedi ... ement.html we have him saying, to wit:

“I’m Andrew Cuomo, and I work for you.”

“Together, we can make New York great again.”

“Let’s get to work.”

end quotes

And then on September 24, 2017, in one of his plethora of press releases touting his own greatness, this one entitled “Governor Cuomo Launches Statewide Empire State Relief & Recovery Effort for Puerto Rico,” we have the same Young Andy saying as follows:

“Puerto Ricans have helped make New York great — and we will not leave our family alone in its time of need.”

end quotes

So what is it really, people, besides a pandering hack politician with a mouth so agile and mobile that Young Andy can speak out of many different sides of it, all at the same time, depending on who is in front of him right then?

And with respect to prospective Democrat presidential contender and front-runner Young Andy Cuomo’s highly mobile mouth, which makes him the demagogue’s demagogue, back in 2010, when Young Andy was telling us in New York state something we already knew, that not only was the state not great, notwithstanding what the rest of the nation might have been back then under the bootheel of Democrat Barack Hussein Obama, who wanted Young Andy to be governor of New York to give Obama political support for his Obama agenda, it was in fact a corrupt ****hole, as we see from the wording of this press release Young Andy put out back then, telling us why the state was a corrupt ****hole, to wit:

Hello. I’m Andrew Cuomo.

I have the great honor to serve you, the people of our State, as your lawyer, your advocate, your Attorney General.

end quotes

Now, when it comes to putting out gobs of political horse****, there is a prime example of it, because as attorney general, Young Andy Cuomo was never “our lawyer,” nor was he “our advocate.”

As attorney general, Young Andy was in fact the state’s lawyer, and as the state’s lawyer, Young Andy defended the corruption.

According to New York Executive Law § 60, as attorney general, Young Andy was the head of the Department of Law in NYS, as follows:

There shall continue to be in the state government a department of law.  

The head of the department of law shall be the attorney-general who shall receive an annual salary of one hundred fifty-one thousand five hundred dollars.

end quotes

In NYS, the Department of Law, which Young Andy was head of as attorney general, does not serve as our lawyer.

It serves as our adversary.

As to Young Andy’s duties as attorney general, those are defined by New York Executive Law § 63, General duties, as follows:

The attorney-general shall:

1. Prosecute and defend all actions and proceedings in which the state is interested, and have charge and control of all the legal business of the departments and bureaus of the state, or of any office thereof which requires the services of attorney or counsel, in order to protect the interest of the state.

end quotes

The phrase “protect the interest of the state” makes it pretty clear exactly what Young Andy’s job was as attorney general, and it certainly was not to be our lawyer or our advocate, unless, of course, we were a part of the pay-to-play culture, having bribed the state for special favors, and then, yes, as attorney general, Young Andy would have had our back, which takes us back to his 2010 press release, as follows:

Every single day for the past three years, I have gone to work with one mission: to represent the people – Period.

To fight for you, no matter how powerful the foe, no matter how long the odds.

end quotes

That is pure horse**** leavened by a dollop of pig ****, because it is patently false, and that, people, is what a demagogue looks like in action in real life, where demagogue is defined as a political leader who seeks support by appealing to popular desires and prejudices rather than by using rational argument.

And that is just the start of the spew of horse****, which Young Andy is reviving as he positions himself for his 2020 presidential run against Trump, as we see from the following from that same press release, to wit:

You have welcomed me into your homes.

I have met your families.

I have learned about your problems and your challenges.

I understand that we are in a difficult time, even a frightening time.

end quotes

And people, I am not making any of that up.

Those are Young Andy’s own words from a real press release he put out to gull the people of New York back in 2010.

And consider, when he says “I understand that we are in a difficult time, even a frightening time,” that he is referring to Barack Hussein Obama being president and Hillary Clinton being secretary of state, which certainly did make those times frightening for many people, not only in America, but in the world, as well.

And getting back to Young Andy's very revealing 2010 press release, we have as follows:

The economic collapse has wrecked havoc in too many lives.

Life savings have been lost, jobs are shaky, home values have plummeted, and with it dreams for retirement, college tuitions, and a nest egg to rely on.

Reckless bankers exploit the economy and working families are paying the price.

Now Wall Street gets bonuses and taxpayers get the bill.

It’s not right and it’s not fair.

end quotes

And Wall Street was getting those bonuses and working families were paying the price, because that is how Democrat president Barack Hussein Obama decreed that it was the right thing to do, as did Young Andy himself, in real life, as we see from the Politico article “The governor of Wall Street” by Jimmy Vielkind on 10/28/2014, to wit:

Some Democrats have done well for themselves by attacking Wall Street.

Elizabeth Warren and Eric Schneiderman, who called for stricter regulation and prosecution of of executives involved in the housing bubble; Bill de Blasio, who won a mayor’s race by attacking income inequality and promising to raise taxes on the wealthy to fund social programs.

And then there is Andrew Cuomo, who has done well for himself over the past four years by doing the opposite.

The son of a liberal icon who has cast himself as a centrist, Cuomo has treated New York’s financial services sector with kid gloves, quietly pushing through favorable policies and, a bit more loudly, holding the line against others’ calls for tax increases.

end quotes

As a hack politician who is a consummate demagogue, Young Andy knows which side the bread is buttered on when it comes to Wall Street, as we see from this following from that same article:

Overall, Cuomo has done little to rock an industry that, according to recent estimates, accounts for a fifth of the state’s tax revenues and employs 162,400 workers with an average salary of nearly $360,000.

If Wall Street executives had any concerns about the governor before—as a vestige, perhaps, of the rather more adversarial pose he struck following the financial collapse, which took place when he was attorney general—they seem to have disappeared with de Blasio’s election, and the mayor’s immediate push for a tax hike and limits on the proliferation of charter schools.

Cuomo made a public point of blocking de Blasio on both fronts, making an unprecedented appearance at a pro-charter rally at the Capitol and declaring the tax hike dead.

If anything, Cuomo seems likely to deepen his engagement with the financial sector in a second term.

Cuomo has raised nearly $45 million over his four years in office, according to an analysis by the New York Public Interest Research Group, with top sums coming from real estate magnates.

But while S.E.C. regulations make it difficult for investment banks to contribute, Cuomo has received over $50,000 each from KPMG and Ernst & Young; employee PACs from Citigroup, Bank of America and J.P. Morgan Chase, as well as hedge fund titans and investors like Stanley Druckenmiller, Daniel Loeb, Blair Effron, James Simons, Carl Icahn, Ron Perelman and Ken Langone.

The other end of the stick is taxes, where Cuomo has treated Wall Street quite well.

He has not only resisted calls to raise taxes, he has cut the overall corporate tax rate and eliminated the state’s dedicated bank tax, saying it relied on an outdated formula that offered a disincentive to keep jobs in New York.

The governor talked about the changes in the context of manufacturing and small business, but dollar for dollar, banks will see the biggest impact.

They boosted Cuomo, too: The governor has touted them in advertisements and won adulation from business groups.

“Certainly there is great appreciation that he understood the need for corporate tax reform, and the importance of that to the financial industry,” said Wylde.

“We love corporate tax reform.”

end quotes

If that looks like Young Andy Cuomo pandering to Wall Street, it is because Young Andy is indeed pandering to Wall Street, as again we see from that Politico article, to wit:

But these very same policies came at a political cost to Cuomo within his own party, angering public sector labor unions and progressives who labeled him “Governor One Percent” and protested him during the 2011 Occupy demonstrations in New York City and Albany.

“His economic policies certainly favor the wealthiest New Yorkers over regular New Yorkers,” said Ron Deutsch, executive director of the labor-backed New Yorkers for Fiscal Fairness.

“Ultimately, he’s a trickle-down, supply-side subscriber, basically.”

“I think he really does believe that you have to cut taxes for the job creators.”

“He buys into and promotes many of these Republican tax policies.”

end quotes

Which is going to make this a very interesting presidential race between Young Andy Cuomo and Donald Trump, since Young Andy, who bills himself as the opposition to Trump, in fact has many of the same policies as Trump, except that Young Andy had them first.

http://www.capecharlesmirror.com/news/a ... ment-69194

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

WHAT "VALUES" DOES FACEBOOK HAVE, ONE MUST WONDER, OUTSIDE OF MAKING LOADS OF MONEY FOR ITS SHAREHOLDERS AND OWNER MARK ZUCKERBERG?

THE INDEPENDENT

"Twitter and Facebook executives testify before Congress – as it happened"


Anthony Cuthbertson @ADCuthbertson, Emily Shugerman @eshugerman

5 SEPTEMBER 2018

Silicon Valley execs head to Washington to face questions about foreign influence on their platforms.

Five months after Facebook founder Mark Zuckerberg appeared before Congress, the US government once again invited tech executives to a series of high profile hearings.

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey first faced the Senate Select Intelligence Committee, before Mr Dorsey was questioned on his own by the House Energy and Commerce Committee.


Notably absent from the proceedings was Google, after the firm failed to send a senior executive to Washington.

In place of a Google representative, the Senate committee left an empty chair.

Live Updates

9 hours ago


With two-and-a-half hours to go until Sheryl Sandberg follows in the footsteps of her boss, here's a reminder of how Mark Zuckerberg's hearing went in April.

As it happened: Mark Zuckerberg tells Congress his own data was taken through Facebook

After navigating nearly five hours of questions from 44 US senators on Tuesday about the abuse of citizen's data, Facebook founder Mark Zuckerberg has done it all again on Wednesday.

Once again, he was attacked on a range of fronts: as well as the company's failure to protect its users data, politicians questioned the site's perceived bias against conservative voices, and its use for selling illegal materials like drugs.

Both Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg have already prepared statements to read at the opening of their hearings.

In her 10-page testimony, Sandberg admits Facebook's past mistakes but says the company is making efforts to address the issue of election interference on its platform.

"We were too slow to spot this and to slow to act," Sandberg will say.

"That's on us."

"This interference was completely unacceptable."

"It violated the values of our company and of the country we love."

7 hours ago

For his part, Jack Dorsey will argue in his opening statement that "Twitter does not use political ideology to make any decisions."

Twitter has long tried to position itself as a platform that encourages free speech, however it has struggled to strike the right balance when it comes to hate speech.

According to a recent report in The Wall Street Journal, Dorsey personally intervened in order to reinstate the account of far-right firebrand Alex Jones.

Here's the opening to Twitter boss Jack Dorsey's prepared statement:

“Thank you for the opportunity to appear before the Committee today so I may speak to you and the American people."

"Twitter’s purpose is to serve the public conversation."

"We are an American company that serves our global audience by focusing on the people who use our service, and we put them first in every step we take."

"Twitter is used as a global town square, where people from around the world come together in an open and free exchange of ideas."

"We must be a trusted and healthy place that supports free and open discussion."

"Twitter has publicly committed to improving the collective health, openness, and civility of public conversation on our platform."

"Twitter’s health is measured by how we help encourage more healthy debate, conversations, and critical thinking."

"Conversely, abuse, malicious automation, and manipulation detracts from the health of our platform."

"We are committed to hold ourselves publicly accountable towards progress of our health initiative."

"Today, I hope my testimony before the Committee will demonstrate the challenges that we are tackling as a global platform."

"Twitter is approaching these challenges with a simple question: How do we earn more trust from the people using our service?"

"We know the way earn more trust around how we make decisions on our platform is to be as transparent as possible."

"We want to communicate how our platform works in a clear and straightforward way."

Notably absent from today's proceedings is a representative of Google.

Beside the Twitter and Facebook execs will be an empty chair, symbolizing the fact that the tech giant didn't deem it necessary to send a senior figure.

Instead, Google offered to send its top lawyer, Kent Walker, but the Senate Intelligence Committee declined.

Walker compiled written testimony for the occasion, and even if he doesn't get a chance to deliver it verbally himself, you can read in a blog post he published it yesterday.

The hearing is underway, and we start with some words by Chairman Richard Burr about the recently passed John McCain.

McCain's place at the hearing is marked with a single white rose on a black cloth.

"He will be dearly missed," Chairman Burr says.

6 hours ago

Chairman Burr's says in his opening remarks that "business as usual" for these tech firms is not good enough.

"We've identified the problem, now we've got to find a solution," he says.

He also adds a jibe at Google for failing to send the "right senior executive".

His sentiments are echoed by Vice Chairman Mark Warner, who takes over from Burr.

He says he is "deeply disappointed" in Google for not taking the issues being discussed today seriously enough.

Apparently Alex Jones is in the building...

The far right conspiracy theorist has been the subject of a lot of debate surrounding free speech on the social media platforms, which saw him removed and then reinstated to Twitter earlier this month.

Twitter has finally banned Alex Jones.

Except it hasn't at all

CEO Jack Dorsey previously said that Jones had not broken any of his site's rules

Meanwhile, inside the hearing, Facebook COO describes the situation as an "arms race" between her company and nefarious actors.

Twitter CEO Jack Dorsey is up now to deliver his opening statement.

And, of course, he's live tweeting it.

Here's Dorsey live tweeting his opening remarks.

Some coordination there to speak and tweet at the same time.

The pattern of questions echo those faced by Facebook CEO Mark Zuckerberg in April.

Many of them are technical questions about the platforms, demonstrating some of the Senators' lack of fundamental understanding of how these companies work.


Vice Chairman Warner blames Facebook for a lack of transparency when it comes to what its doing with people's data and why.

"Most users are in the dark," he says.

Alex Jones update: He has entered the hearing, and is apparently spectating from the front row.

5 hours ago

Both Dorsey and Sandberg seem unperturbed by the presence of the InfoWars host.

Sandberg responds to a question by Senator Martin Heinrich by saying Facebook is getting smarter at detecting and preventing threats to elections.

Dorsey echoes her words, detailing AI tools to recognize patterns of behavior that allow people to artificially amplify information.

On the topic of so-called Fake News, Sandberg says: "Finding the line between what is hate speech and what is misinformation is very, very difficult."

The hearing is in recess now, and a live video of Alex Jones is being shared, appropriately, on social media.

He is prowling the corridors behind the hearing and looks and sounds very purposeful – though it's still not clear what his purpose actually is.

"I'm here to face my accusers," he barks to no one.

The conspiracy theorist just managed to corner a Senator, though the poor quality of the video stream makes it difficult to determine which one.

Jones' words are clear though: "Stop violating the first amendment... Shame on you, you un-American tyrant."


The hearings went slightly better than Mr Zuckerberg's venture to the Capitol in April, when members of Congress needed explanations of some of the platform's basic functions.

This time, they challenged the executives with hard-hitting questions about foreign actors and political bias.

The questioning was interrupted several times by conservative media figures like Alex Jones and Laura Loomer.

Both were escorted out of the hearing, but continued broadcasting their views loudly to reporters waiting in the hallways.

https://www.independent.co.uk/news/worl ... 23701.html

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

THE GUARDIAN

"Twitter's Jack Dorsey faces more questions as Google snubs Congress – live - Facebook chief Sheryl Sandberg among those called to testify, and Alex Jones makes an appearance – but Google bosses stay home - Google snubs Senate hearings on election interference"


Julia Carrie Wong @juliacarriew

Wed 5 Sep 2018 17.00 EDT First published on Wed 5 Sep 2018 11.24 EDT

Key events

4h ago DoJ announces meeting to discuss social media "intentionally stifling" ideas

4h ago Rubio urges tech giants to resist 'authoritarian regimes'

5h ago Alex Jones in testy exchange with Marco Rubio

6h ago Sheryl Sandberg and Jack Dorsey testify before Senate intelligence committee

3m ago 17:00

Raul Ruiz of California says that we’re in the home stretch.

He’s bearing down on the number of fake accounts on Twitter, for some reason that is unclear.

6m ago 16:57

Buchshon asks about the diversity of the workforce.

Dorsey says that Twitter recognizes that it needs to decentralize out of San Francisco, mentioning how expensive it is.

He says he’s excited to be a more “distributed” company.

9m ago 16:54

Larry Bucshon asks if the algorithms are publicly available to be reviewed for bias.

Dorsey: Not today, but says he’s open to more transparency.

14m ago 16:48

Long is now discussing the tweets that get sent to him by email from Twitter.

He was sent “highlights” emails of tweets, and he is reading the names of the accounts whose tweets are included.

They are mostly political reporters.

I think the implication here is that there aren’t enough Republicans included.

“They’re all pretty much Trump bashing,” he says.

Dorsey: It doesn’t sound like we served you well in matching your interests.

20m ago 16:43

Billy Long of Missouri is praising Dorsey for his mannerisms and comportment.

So that’s nice.

21m ago 16:42

Paul Tonko is criticizing Twitter’s election advertising system in comparison to Facebook’s.

Dorsey says that it’s a work in progress.

26m ago 16:37

Bill Johnson of Ohio is talking about algorithms as being like art.

Do you do peer reviews of algorithms?

Dorsey: Yes.

Johnson: Can’t you modify your algorithms to be more intelligent on alerting certain things?

Is it unreasonable to think that Twitter could not modify its algorithms to hit on illegal drug sales?

Dorsey: Not unreasonable at all, it’s just a matter of work.

29m ago 16:34

Debbie Dingell asks about the datasets that are used to train Twitter’s AI and what kind of explainability its algorithms have.

Dorsey seems kind of excited to get some different questions, but he doesn’t directly answer them.

34m ago 16:28

Gus Bilirakis is raising concerns about school threats on Twitter.

It is a bit rich that a pro-gun Floridian congressman with an “A” rating from the NRA would be raising the issue of school safety with a social media company, but here we are.

41m ago 16:22

Scott Peters of California says that Twitter has “democratized democracy” which makes about as much sense as most of the other comments in this hearing, which is heading toward its third hour.

44m ago 16:19

Morgan Griffith of Virginia also wants to talk about drug sales on social media.

Dorsey says that the company is really focusing on foreign interference in elections.

47m ago 16:16

Tony Cardenas also wants to talk about online bullying.

He mentions Melania Trump’s campaign against cyberbullying, and takes a shot at Donald Trump.

As with most of the issues here, however, Twitter is certainly not the most important platform to talk about cyberbullying with.

According to Pew, US teenagers are vastly more likely to be using YouTube, Instagram, Facebook, and Snapchat.

1h ago 16:07

A lot of Democrats are trying to bait Dorsey into calling out the Republicans for bad faith, but he’s not biting.

1h ago 16:06

Joe Kennedy: Why do you outsource reporting abuse to users?

Dorsey: Well, we don’t feel great about it.

1h ago 15:59

David Loebsack of Iowa wants to talk about the use of social media by teenagers and concerns about harassment and cyberbullying.

He asks if they are making any changes for young users.

1h ago 15:53

David McKinley of West Virginia is asking whether Twitter takes responsibility for the opioid crisis, referencing a study showing illegal drug ads.

He references an ad for cocaine that went up in the last hour.

“I would be ashamed if I were you,” he says.

1h ago 15:51

Lujan is now pointing out that Congress hasn’t actually passed any laws relating to Russian interference, Cambridge Analytica, or the Equifax breach and that this hearing might be a bit of a waste of time.

https://www.theguardian.com/technology/ ... ess-russia

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

THE GUARDIAN

""Twitter's Jack Dorsey faces more questions as Google snubs Congress"


Julia Carrie Wong @juliacarriew

Wed 5 Sep 2018 17.00 EDT First published on Wed 5 Sep 2018 11.24 EDT

DoJ announces meeting to discuss social media "intentionally stifling" ideas

Directly after this morning’s hearing ended, the Department of Justice announced that attorney general Jeff Sessions “has convened a meeting with a number of state attorneys general this month to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas on their platforms.”

https://www.theguardian.com/technology/ ... e8ca7084a5

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

TECH CRUNCH

"Justice Dept. says social media giants may be ‘intentionally stifling’ free speech"


Zack Whittaker @zackwhittaker

5 SEPTEMBER 2018

The Justice Department has confirmed that Attorney General Jeff Sessions has expressed a “growing concern” that social media giants may be “hurting competition” and “intentionally stifling” free speech and expression.

The comments come as Facebook chief operating officer Sheryl Sandberg and Twitter chief executive Jack Dorsey gave testimony to the Senate Intelligence Committee on Wednesday, as lawmakers investigate foreign influence campaigns on their platforms.


Social media companies have been under the spotlight in recent years after threat actors, believed to be working closely with the Russian and Iranian governments, used disinformation-spreading tactics to try to influence the outcome of the election.

“The Attorney General has convened a meeting with a number of state attorneys general this month to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas on their platforms,” said Justice Department spokesman Devin O’Malley in an email.

It’s not clear exactly if the Justice Department is pushing for regulation or actively investigating the platforms for issues relating to competition — or antitrust.

Social media companies aren’t covered under U.S. free speech laws — like the First Amendment — but have long said they support free speech and expression across their platforms, including for users in parts of the world where freedom of speech is more restrictive.

Spokespeople for Facebook and Twitter declined to comment.

https://techcrunch.com/2018/09/05/justi ... ee-speech/

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

MARKETWATCH

"New York Times publishes anti-Trump op-ed from what it says is senior administration official"


By Steve Goldstein

Published: Sept 5, 2018 5:18 p.m. ET

The New York Times on Wednesday took what it said was a “rare step” of publishing an anonymous opinion article from what the newspaper called “a senior official in the Trump administration.”

There’s no independent way of corroborating the article, short of a textual analysis that this author is incapable of producing.

But taken at its word, the op-ed is notable in a few ways.

The author says “we want the administration to succeed and think that many of its policies have already made America safer and more prosperous."

"But we believe our first duty is to this country, and the president continues to act in a manner that is detrimental to the health of our republic.”

The author claims to be an appointee who is “working diligently from within to frustrate parts of his agenda and his worst inclinations.”

The author calls President Donald Trump “amoral” as well as “generally anti-trade and anti-democratic.”

“Meetings with him veer off topic and off the rails, he engages in repetitive rants, and his impulsiveness results in half-baked, ill-informed and occasionally reckless decisions that have to be walked back,” says the author, who counts him or herself as one of the “adults in the room.”

One revelation is that there were “early whispers” of invoking the 25th Amendment but that “no one wanted to precipitate a constitutional crisis."

"So we will do what we can to steer the administration in the right direction until — one way or another — it’s over.”

As users on Twitter ruminated on who the author may be, one small clue may be in a tweet from the newspaper, which referred to a “he.”

Trump responded in front of a meeting with sheriffs, calling the author “gutless” and railing against the newspaper.

“Nobody is going to come close to beating me in 2020,” he said.


https://www.marketwatch.com/story/new-y ... ewer_click

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

MARKETWATCH

"U.S. trade deficit soars nearly 10% on record imports"


By Jeffry Bartash

Published: Sept 5, 2018 11:28 a.m. ET

The numbers:

The trade deficit soared almost 10% in July after record imports and hit the highest level in five months, keeping the U.S. on pace to record the largest annual gap in a decade.

The deficit climbed to $50.1 billion from a revised $45.7 billion in June, the Commerce Department said Wednesday.


Economists polled by MarketWatch had forecast a $50.4 billion gap.

The U.S. trade deficit added up to almost $338 billion in the first seven months of 2018.

That compared to $316 billion in the same span in 2017.

What happened:

Imports rose 0.9% to a record $261.2 billion in July.

U.S. imports have surged in 2018 largely because of rising demand for oil and higher prices for petroleum, but Americans have also bought more foreign autos, computers and pharmaceutical drugs.

Exports fell 1% to $211.1 billion, though they are also near a record high.

In July, the U.S. exported far fewer passenger planes and soybeans.


Soybean exports are still up sharply from a year earlier, however.

Many foreign buyers sought to lock in prices and beat pending U.S. and retaliatory foreign tariffs by obtaining them earlier.

Soybean exports totaled $18.8 billion through the first seven months of 2018, a 43% increase from $13.1 billion in the same period in 2017.

Also notable: Exports of domestically supplied petroleum set a record in July even though the U.S. still imports huge amounts of foreign oil.

The U.S. has returned to being one of the world’s largest producers after a long hiatus owing to a fracking revolution that’s unlocked previously unreachable fuel stores in large inland shale deposits.

Imports of foreign steel and aluminum, meanwhile, are still higher compared to a year ago even in the face of recently imposed tariffs by President Trump.

Big picture:

The U.S. is growing rapidly despite a rising trade deficit, reflecting broad strength in key segments of the economy.

Gross domestic product expanded by 4.2% in the spring and is forecast to grow 3% in the third quarter.

So far the imposition of U.S. tariffs on a variety of foreign goods have done nothing to curb the deficit.

President Trump’s tough line with key trading partners such as China and Canada hasn’t had much effect, either.

The July goods deficit with China, for example, leaped to a record high of nearly $37 billion.


One reason the deficit keeps rising is counter-intuitive: Americans are financially better off than consumers in most other countries.

They can afford to spend more on imports such as French wine or German autos.

A stronger dollar also makes imports less expensive to buy.

Yet if the trade deficit keeps rising it’s likely to weigh down on GDP, the official yardstick of the U.S. economy.

What they are saying?:

The sharp widening in the nominal trade deficit to a five-month high ... suggests that the big boost to GDP growth from net exports in the second quarter will be reversed in the third."

"But with domestic demand growth still robust, that isn’t a huge concern,” said Andrew Hunter of Capital Economics.

Market reaction:

The Dow Jones Industrial Average and the S&P 500 fell slightly in Wednesday trades.

The stock market has backtracked in the past few days after tense negotiations between Canada and the Trump administration on a revamped NAFTA free-trade deal.

The 10-year Treasury yield was little changed at 2.89%.

Bond yields had climbed to as high 3% earlier this year before retreating on persistent trade tensions.

https://www.marketwatch.com/story/us-tr ... 2018-09-05

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Re: POLITICS

Post by thelivyjr » Wed Sep 05, 2018 1:40 p

FOX NEWS

"Justice Dept. to examine social media giants 'stifling' free speech"


By Adam Shaw | Fox News

5 SEPTEMBER 2018

The Justice Department on Wednesday announced Attorney General Jeff Sessions will convene a meeting with state attorneys general this month to discuss long-standing concerns by conservatives that social media platforms like Facebook and Twitter are "stifling the free exchange of ideas on their platforms."

The announcement came after a Senate Intelligence Committee hearing involving top officials from Facebook and Twitter, and ahead of a House Energy and Commerce Committee hearing on alleged bias and lack of transparency, where Twitter CEO Jack Dorsey testified.

“The Attorney General has convened a meeting with a number of state attorneys general this month to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas on their platforms,” the statement said.

There was no date set for the meeting.

And it was not immediately clear how many attorneys general would attend the meeting.

The Senate hearing focused primarily on the use of social media by Russia and other foreign actors in the 2016 election, with executives promising to do more to combat such meddling in the future.

But President Trump and a number of Republicans have prioritized concern that tech companies discriminate against conservatives with bias in treatment and so-called “shadow banning.”

“What we’re concerned about is how Twitter has in some ways it looks like selectively, adversely affected conservatives,” Rep. Steve Scalise, R-La., said at the House hearing.

He used the example of Rep. Marsha Blackburn, R-Tenn., who he said had her Senate campaign announcement video taken down by Twitter.

Dorsey said that action was a mistake, which was corrected, and prompted an apology from Twitter.

In his opening remarks, Dorsey pushed back against the idea Twitter was biased by its creator’s personal opinions.

But he conceded mistakes were made in terms of its algorithms.

“I want to start by making something clear: we don't consider political viewpoints, perspectives, or party affiliation in any of our policies or enforcement decisions."

"Period,” he said.

“Impartiality is our guiding principle.”

Trump has repeatedly claimed social media platforms are biased against Republicans and conservatives.

In an interview with The Daily Caller this week, he said social media companies had backed Hillary Clinton in the 2016 election.

“Maybe I did a better job because I’m good with the Twitter and I’m good at social media, but the truth is they were all on Hillary Clinton’s side, and if you look at what was going on with Facebook and with Google and all of it, they were very much on her side,” he said.

Fox News’ Jake Gibson contributed to this report.

Adam Shaw is a reporter covering U.S. and European politics for Fox News.

http://www.foxnews.com/politics/2018/09 ... peech.html

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Re: POLITICS

Post by thelivyjr » Thu Sep 06, 2018 1:40 p

THE CAPE CHARLES MIRROR September 5, 2018 at 8:35 pm

Paul Plante says:

As we consider all the various positions taken by prospective Democrat party presidential frontrunner Young Andy Cuomo on the greatness of America, or lack thereof, depending on which day of the week it is that Young Andy is speaking, back in 1838, in a work entitled “The American Democrat,” in the chapter “On Demagogues,” American author James Fenimore Cooper, stated as follows with respect to the breed, which most definitely includes prospective Democrat presidential front-runner Young Andy Cuomo of corrupt New York State, to wit:

Men properly derive their designation from their acts, and not from their professions.

The peculiar office of a demogogue is to advance his own interests, by affecting a deep devotion to the interests of the people.

end quotes

That description fits Young Andy Cuomo to a tee, which again takes us back to 2010, and the press release of Young Andy telling us why he should be the governor of the state of New York, which office was but a stepping stone on his path to the presidency of the United States of America in 2020, to wit:

To make matters worse, Manhattan’s Wall Street debacle is matched only by Albany’s State Street debacle.

Our state government in Albany is disreputable and discredited.

New York State is upside down and backwards; high taxes and low performance.

The New York State government was at one time a national model.

Now, unfortunately, it’s a national disgrace.

Sometimes, the corruption in Albany could even make Boss Tweed blush.

end quotes

Indeed, it does, right on up to today, and as we read those words from the man likely to be our next president, we have to consider that Young Andy’s father Mario, known as the “Hamlet on the Hudson, ” served as the 52nd Governor of New York for three terms, from 1983 to 1994, and Young Andy began his political career working as the campaign manager for his father, so Young Andy has a political insider’s view of the corruption, which was rampant when his father was governor, and when Young Andy was attorney general.

That is why he can speak so authoritatively about it.

From there, our Young Andy then continued as follows with his demagoguery:

In my option (sic.), politicians of both parties, Democrats and Republicans, share the blame.

Both are guilty of playing partisan politics and bringing New York State to the brink.

end quotes

WOW, people, who’d a thought it!

Democrats, which party includes Young Andy himself, and Republicans playing partisan politics!

The things we are learning in here thanks to the Cape Charles Mirror.

And the interesting thing about all of this is that despite what I am quoting being an actual press release, not once was Young Andy called out on any of these statements he made, as I am doing in here.

Why?

Is it because the mainstream media has no memory?

Is it because the main stream media is cowardly?

Or is it because the main stream media itself plays politics?

You would think that the main stream media would have come right back when Young Andy made his claim about politicians of both parties, Democrats and Republicans, sharing the blame, by asking him why that indictment did not include him, as well, and why that indictment should preclude him from holding either state or national office, but not a peep.

Go along to get along is all I can think.

http://www.capecharlesmirror.com/news/a ... ment-69760

thelivyjr
Site Admin
Posts: 30246
Joined: Thu Aug 30, 2018 1:40 p

Re: POLITICS

Post by thelivyjr » Thu Sep 06, 2018 1:40 p

THE CAPE CHARLES MIRROR September 5, 2018 at 11:00 pm

Paul Plante says :

And as we consider this timely topic of corporate control of speech and thought in America today, courtesy of the Cape Charles Mirror, we have some breaking news on the subject as follows, this from a Fox News story entitled “Justice Dept. to examine social media giants ‘stifling’ free speech” by Adam Shaw on 5 September 2018, to wit:

The Justice Department on Wednesday announced Attorney General Jeff Sessions will convene a meeting with state attorneys general this month to discuss long-standing concerns by conservatives that social media platforms like Facebook and Twitter are “stifling the free exchange of ideas on their platforms.”

The announcement came after a Senate Intelligence Committee hearing involving top officials from Facebook and Twitter, and ahead of a House Energy and Commerce Committee hearing on alleged bias and lack of transparency, where Twitter CEO Jack Dorsey testified.

“The Attorney General has convened a meeting with a number of state attorneys general this month to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas on their platforms,” the statement said.

The Senate hearing focused primarily on the use of social media by Russia and other foreign actors in the 2016 election, with executives promising to do more to combat such meddling in the future.

end quotes

But what about the ownership of social media platforms like the former Zetaboards, which once had millions of site owners, according to Zetaboards’ propaganda, which site has been taken over by Chinese firm Tapatalk, Inc.?

Stay tuned, for as today just proved, there is much more yet to come on this story, and you read about it first not in Fox News, not in the NY Times, not in the Washington Post, but in the Cape Charles Mirror.

http://www.capecharlesmirror.com/news/o ... ment-69784

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