To Accompany the March 15, 2016 edition of Tidbits
Bob Jensen at Trinity University
It's hard to beat a person who never gives up.
Historic Home Run Hitter
And he wasn't even thinking about Jihads in those days but I am thinking Jihads these days
Only those who
will risk going too far can possibly find out how far one can go.
Be brave enough to start a conversation that matters.
We must be willing to get rid of the life we've planned, so as to have the life
that is waiting for us.
This $14-billion (French) machine is
set to usher in a new era of nuclear fusion power ---
switched on a new kind of nuclear reactor, the
latest experiment in the quest to produce clean, sustainable power from
controlled nuclear fusion ---
Ir will give me great joy the day fusion power renders bird-killing wind power turbinesobsolete.
If you don't know
where you're going, you might not get there.
If everyone is thinking alike, then somebody isn't thinking.
George S. Patton
Happiness is like a butterfly: the more you chase it, the more it will elude
you, but if you turn your attention to other things, it will come and sit softly
on your shoulder.
Henry David Thoreau
The cruelty of kindness
‘No kill’ animal shelters have unleashed an epidemic of suffering. Is a life of misery any better than a quick death?
Sabine Heinlein ---
New York Times Just Inadvertently Repudiated Its Own Flawed Nail Salon ‘Expose’
Jim Epstein --- http://reason.com/blog/2016/03/01/nail-salons-new-york-times-nir-labor
40% of government bonds in Europe now trade with
negative interest rates ---
I think European universities need to upgrade the economics curriculum
2016, government auditors in Washington state discovered $420,300 in
unemployment benefits paid out to prisoners. Prisoners, by the way, are
ineligible for unemployment benefits ---
There's an Arab invasion of Europe ---
Pope Francis --- http://townhall.com/tipsheet/christinerousselle/2016/03/04/pope-francis-theres-an-arab-invasion-of-europe-n2128703?utm_source=thdailypm&utm_medium=email&utm_campaign=nl_pm&newsletterad=
Dozen More Released Gitmo Detainees Have Gone 'Back to Battle' ---
And analysts are puzzled over where Trump is getting his support?
As he loaded his stolen car with his stolen
belongings and family of ten, Renaldo told this reporter through an interpreter
"It's a matter of principle; I refuse to be supported by a state that treats me
like a criminal!"
Manuel Renaldo who claims he's punishing Arizona by leaving for sanctuary further north. San Francisco is a really, really friendly sanctuary city with lots of nice cars and houses to rob.
Washington Post: Clinton Personally Wrote 104 Classified Emails, Contradicting
Her Claims (even though according to her she never lies) ---
Guy Benson --- http://townhall.com/tipsheet/guybenson/2016/03/07/desperation-clinton-camp-now-attacking-another-nonpartisan-inspector-general-n2128798
best way to stop Donald Trump is to attempt to assassinate him ---
Ross Douthat, Columnist for The New York Times in a Tweet
Douthat later apologized.
Things Donald Trump Does Not Want Mentioned ---
Strange things happen in USA politics.
Black-Lives-Matter activist thugs, including those who stormed the Dartmouth
campus library, are now hurting Republican Party efforts get rid of Donald Trump
among GOP voters. Do these thugs realize they may be hurting the Democratic
Party in Congressional voting outcomes simply by bringing more and more fearful
conservative voters to the polling places?
Trump’s crowds, indeed, are convinced that this is an effort to sabotage their candidate—and are vowing to campaign harder and shout louder to help get Trump to the White House. “He’s talking about making America great again,” said Natalia Lesko, a 50-year-old Novelty, Ohio, resident who has internalized Trump’s slogan as Gospel. “There is nothing that these protesters can say to change my mind. Trump is my guy.”
Why protesters help Donald Trump (Time Magazine) ---
As Rachel Maddow is beginning to suspect, Donald
Trump set a trap at the University of Illinois at Chicago and young Sanders
advocates fell for it hook, line, and sinker. Nothing brings out Republican
voters like Ferguson-styled riots that in Chicago years ago became the beginning
of the end for violent confrontations by socialists ---
See Rachel's take at http://www.theguardian.com/us-news/2016/mar/13/rachel-maddow-donald-trump-campaign-violence-no-accident
Donald Trump’s Victory Speech Is a Reminder That
He’s the Ultimate Scam Pitchman ---
Peter Suderman --- http://reason.com/blog/2016/03/08/donald-trumps-victory-speech-is-a-remind
Mitt Romney awoke a sleeping giant -
Judge Jeanine --- http://video.foxnews.com/v/4788291323001/judge-jeanine-mitt-romney-awoke-a-sleeping-giant/?intcmp=hpvid1#sp=show-clips
Trump’s rise illustrates how democratic processes can lose their way - See more at: http://larrysummers.com/category/blog/#sthash.2dGZx4rU.dpuf--- Larry Summers --- http://larrysummers.com/2016/03/01/6428/
Watch Hillary Clinton in a Lie About Bernie Sanders
Bernie Sanders' Free Trade Mythology: More
economic illiteracy from the Vermont socialist ----
Steve Chapman --- http://reason.com/archives/2016/03/10/bernie-sanders-free-trade-mythology
Larry David returned to 'Saturday Night Live' to
reprise his role as Bernie Sanders ---
Mr. Sanders’s own political career illustrates
what can happen when a revolutionary has no ground troops. For 25 years in
Congress, Mr. Sanders has held fast to his progressive message and principles.
But he hasn’t gotten many big things done. As an uncompromising political
independent, his outsider status has largely prevented him from attracting the
support that would be needed among Democrats to turn into law his liberal ideals
on health care, on college education and on fighting poverty and climate change
. . . Mr. Sanders’s supporters say his election will inspire more such
candidacies, giving him the congressional backup he needs. But given Democrats’
problems on the state and local level, that could take years — and that’s
evolution, not revolution
Editorial Board of The New York Times --- http://www.nytimes.com/2016/03/13/opinion/sunday/the-bernie-sanders-revolution.html?_r=0
Who votes for Trump aside
from crossover Democrats in the primaries who just want to GOP to have the
candidate most likely to lose the general election? ---
wanted us to vote, he would have given us candidates ---
problem with political jokes is that they get appointed to office ---
Moocher Hall of Fame --- https://danieljmitchell.wordpress.com/the-moocher-hall-of-fame/
Election Gaming "Fraud" in Primary Elections in the USA:
Making Sure Your General Election Opponent is a Real Loser
Table of Contents
Communications Juggernauts in Crossover Voting Frauds
Funding Opponent Scandals
Top Republicans are working hard to help Bernie Sanders ---
Is Donald Trump a Democratic secret agent? Anthony Zurcher --- http://www.bbc.com/news/world-us-canada-35066940
Trump part of conspiracy to ensure
Clinton presidency ---
Jeb Bush --- http://www.washingtontimes.com/news/2015/dec/8/jeb-bush-suggests-donald-trump-part-of-conspiracy-/
Is such a conspiracy necessary given the slate of losers running as GOP candidates for President in 2016?
The Black Panther: Newspaper of the Black Panther Party --- https://libcom.org/history/black-panther-newspaper-black-panther-party
The Tax Foundation's 2016 Analysis of the 50 States in the
Thanks to Scott Bonacker for the heads up.
an important fact Bernie Sanders fails to
tell you when he advocates taxing Wall Street transactions to pay for free
college in the USA. What he never tells you is that Wall Street will not pay
those taxes. Those transactions taxes will be passed along to hundreds of
millions of Main Street pension and other investors in the USA and in other
countries whose investors invest in Wall Street traded stocks and bonds. For
example, professor's TIAA-CREF balances will take a big hit every year.
Several West Virginia lawmakers have
fallen ill after taking a celebratory drink of unpasteurized milk after
successfully passing a bill that allowed for the sale of unpasteurized milk. The
CDC says unpasteurized milk is 150 times more likely than normal milk to cause
food-borne illnesses ---
Jen Hayden --- http://www.dailykos.com/stories/2016/3/9/1498630/-WV-lawmakers-suffer-stomach-illness-after-drinking-raw-milk-to-celebrate-legalizing-raw-milk
Do we call this getting their just desserts?
This $14-billion (French) machine is
set to usher in a new era of nuclear fusion power ---
Scientists in Germany switched on a
new kind of nuclear reactor, the latest experiment in the quest to produce
clean, sustainable power from controlled nuclear fusion ---
It will give me great joy the day fusion power renders bird-killing wind power turbines obsolete
Michel Foucault saw Europe’s current refugee crisis coming 40 years ago
SALES TAX SLICE: IDAHO GIRL SCOUTS FAIL TO EARN SALES TAX EXEMPTION BADGE ---
What kind of cookie person are you? Specifically, what type of Girl Scout cookie person—thin mints, caramel delights, peanut butter patties, or, like Leonardo DiCaprio, are you a trefoil fan? Whichever cookie you prefer, Idaho legislators are considering making Girl Scout cookie purchases a little more fun. A bill that would exempt Girl Scout cookies from the Idaho sales and use tax recently squeaked through the Idaho House of representatives and is now headed to the Idaho Senate. According to local Spokane newspaper the Spokesman-Review, Idaho and Hawaii are currently the only two states to tax Girl Scout cookies.
This recent move in Idaho to exempt Girl Scout cookies from sales tax reflects a nationwide trend of generally taxing sales to and by charitable organizations while exempting only specific charities or specific types of charitable sales from sales and use taxes. In fact, while a majority of states, including Florida, New York, Texas, and Virginia, provide a general sales tax exemption for purchases by all nonprofits or charitable organizations, a large minority of states exempt only specific charities from the sales and use taxes.
For example, while Alabama has no general exemption for sales or purchases by charitable or nonprofit organizations, the state exempts several specific charities from paying sales and use taxes. Exempt charities include the Diabetes Trust Fund, the headquarters of the American Legion, the Grand Chapter of all Orders of the Eastern Star, the Alabama Goodwill Industries, and several others. Oh, and the Girl Scouts are also exempt.
Additionally, in Oklahoma, while sales to charitable organizations are generally taxable, sales to 4-H clubs, Boys and Girls Clubs, and YMCA’s are exempt from sales and use taxes. In Washington, instead of exempting sales to specific charities, the state provides exemptions for sales of certain types of property or services to certain types of charities and nonprofits. For example, in Washington, sales of trail grooming services to nonprofit corporations and sales of clay targets used during clay target shooting to a nonprofit gun club are exempt from tax. Also, neither state imposes sales tax on Girl Scout cookies.
According to the Spokesman-Review, some Idaho lawmakers have questioned the fairness and the wisdom of passing exemptions for specific charitable organizations instead of a general, more broad-based exemption for all charitable or nonprofit organizations. One lawmaker stated that the singling out of organizations is “a horrible precedent to be setting in our tax policy.” However, concerns over preferential treatment for some charities apparently haven’t hindered Idaho from passing specific sales and use tax exemptions for the Idaho Ronald McDonald House, the Blind Services Foundation, and the Idaho Foodbank Warehouse. Indeed, imagine what the Girl Scouts’ reactions would be if popcorn sales by Boy Scouts were exempt while their cookie sales weren’t!
Continued in article
There must be some limits to curb abuse of sales tax exemption in those states the majority that exempt business transactions of all charities. For example, what about big ticket items like used cars. Municipalities in many instances commenced to also clamp down of property tax exemptions for charity-owned businesses.
27 Companies That Paid No Income Taxes ---
March 12, 2016 reply from Tom Amlie
The story referred to "tax expense", not taxes paid, but that's not the main point here.
The first two - Level 3 and United - had large negative tax expense due to the reversal of valuation allowances on large deferred tax assets arising from loss carryforwards. Unfortunately people look at summaries such as this and assume there's some sort of nefarious give-away or special tax break being taken advantage of.
Finding and Using Health Statistics --- http://www.nlm.nih.gov/nichsr/usestats/index.htm
Bob Jensen's threads on economic statistics and databases ---
Medicare Fraud is Rampant ---
Revealed in Hillary Clinton's Long Delayed Email Release
"Hillary’s Dirty Little ObamaCare Secret: The White House was telling her the opposite of what Obama said," by Gerald Herbert, The Wall Street Journal, March 1, 2016 ---
The State Department released the last batch of Hillary Clinton’s emails on Monday, and the exercise has been instructive about her recklessness with classified material. But as a side note, we ought to memorialize what President Obama’s aides were telling Mrs. Clinton about the Affordable Care Act, which was the opposite of what their boss was telling the public.
Despite her duties as top diplomat, Mrs. Clinton found time to follow ObamaCare’s progress in Congress, and she received regular updates from Neera Tanden, then a White House health staffer. Ms. Tanden is now president of the liberal Center for American Progress, Mrs. Clinton’s economic policy shop.
In an Oct. 19, 2009 email, Mrs. Clinton asked Ms. Tanden, “Are you worried about the lack of cost controls in the current bills?” Ms. Tanden replied that “the dirty little secret is that we don’t have a lot of good evidence on what works—in a way that Congress has any appetite to do. I mean, cost controls, as we all know, is [sic] attacked as rationing. So everyone likes to discuss this, including the Administration, but then on the other hand, says they won’t touch the benefits. Now there is a lot of fat in the system, but some of that excess is just too much care. Yet no one really wants care to be restricted.”
Not a month earlier, the President had promised Congress that the bill would save “hundreds of billions of dollars,” according to “Democratic and Republican experts.” In March 2010 he said that “we have now incorporated almost every single serious idea from across the political spectrum about how to contain the rising cost of health care.”
Ms. Tanden was telling Mrs. Clinton that the truth was closer to the reverse. She wrote that “the other problem” is that the de minimis cost-control problems that ObamaCare did include “need some time to incubate because we don’t have all the evidence we need. . . . We may have oversold what these bills will (or even can) do.” Critics at the time, including us, argued that White House claims about cost control were always a bill of goods. But we’d be curious to hear what ObamaCare architects like Peter Orszag think of Ms. Tanden’s private candor, or the credulous columnists they duped.
By the way, the Clinton-Tanden correspondence is heavily redacted for some reason, and its release was delayed almost a year for interagency review—though emails about health care shouldn’t compromise national security. Perhaps they also shared a between-us laugh about the other health-care deceptions the White House was getting away with.
From the CFO Journal's Morning Ledger on February 29, 2016
Valeant isn’t what the doctor ordered
Valeant Pharmaceuticals International Inc.’s fundamental risks are too severe to suggest the stock is poised for a lasting rebound, writes Steven Russolillo for Ahead of the Tape. The Canadian drugmaker late Sunday said it would postpone its fourth-quarter results and conference call, originally scheduled for Monday. The move came as Valeant confirmed Michael Pearson would return as chief executive after being on leave since December due to a severe case of pneumonia and other complications.
Obamacare Fraud is Rampant
Obama Administration Breaks Law to Enrich Health Insurers ---
by Betsy McCaughey
Creaters, February 24. 2016
The Obama administration will tell any lie and break any law to prevent the president's signature health program from collapsing. Insurance companies, such as UnitedHealthcare and Aetna, are losing billions trying to sell Obamacare plans, and the risk is they'll drop out at the end of 2016. No insurance companies means no Obamacare. In 2014, the White House tried to avert that disaster by promising insurers a bailout funded with taxpayer dollars, but public outrage and quick action by Senator Marco Rubio put a stop to it. Now the administration is at it again.
Desperate to keep insurers on board, the administration scrambled to find another source of money. Unfortunately, a big part of that money pot belongs to the public. Disregarding that fact, the administration announced on Feb. 12 that the money will be handed out to insurers — a whopping $7.7 billion this year alone. That huge handout to the insurance industry violates the law.
This is money you and everyone else who already has insurance is forced to pay, called a reinsurance fee. You pay the fee whether you buy your own plan or get covered at work, even if your employer self-insures. You may be clueless about it, but the fee is buried in your premium or taken out of your compensation.
The language of section 1341 of the Affordable Care Act, which details what this money can be used for, is clear as a bell. Some of these annual fees — adding up to billions a year — belong to the public, not the insurance companies. The law states a fixed share "shall be deposited into the general fund of the Treasury of the United States and may not be used" to offset insurance companies' losses. But the administration gave all of it to the insurance companies last year, and got away with that heist. So they're trying it again.
Anyone in the corporate world who misused funds that way would be headed to prison. This rogue administration is going to any length — including running afoul of the law — to keep insurers hooked into Obamacare.
In the words of University of Houston law professor Seth Chandler, who tried to call attention to the crime several months ago, this is an illegal "diversion of funds to enrich insurers." Last year alone, Cross Blue Shield of Texas got $549 million of these reinsurance funds, while Anthem Blue Cross of California got $401 million.
How did this fly under the radar last year? Because no one — especially members of Congress — has read the law. Insurance companies weren't about to object to getting more money than the law allows. Plus, the announcements of these payments were buried in mind-numbing federal agency releases. The latest such disclosure came late on the Friday of a holiday weekend. The business press reported the announcement but didn't go back to read section 1341 of the law and find that the payouts are illegal.
Last week, a few health scholars took notice, including Doug Badger, senior fellow at the Galen Institute. He says the illegal maneuver is "designed to keep a sinking ship from hitting rock bottom."
Congress should step in immediately and exercise its oversight duties to stop this looting. The next payments to insurers are promised for March. No time to waste.
Obamacare was sold on lies: You can keep your health plan if you like it. And you can keep your doctor if you like your doctor. Then, once it was passed, the administration resorted to a long string of lawless executive actions to keep an unworkable scheme going, despite the damage being done to employers, doctors and consumers.
The administration's diversion of public funds to its insurance company cronies is just the latest defiance of the law. The president has illegally delayed the employer mandate repeatedly. He's handing out free Obamacare plans to illegal immigrants. Statutory deadlines are routinely ignored, and funds are slyly shifted from one program to another — the law be damned.
Bob Jensen's universal health care messaging --- http://www.trinity.edu/rjensen/Health.htm
Bob Jensen's Home Page --- http://www.trinity.edu/rjensen/