Closing Thought–15Aug18

Times change and people must do so as well or become a dinosaur waiting for the end.

People have almost done away with the art of reading a book or a paper and we have become a world dominated by social media giants like Twitter, Facebook, etc…..and since I try to help people understand the world and why some things are done and other are not…..I will from today forward try to include a short video that helps explain the idea I am trying to convey….especially when I am trying to make a point with history…..and taking into account the normal attention span these days……

If it helps the conversation then I will attempt to make it a regular fixture of my posts…..

Please if you are a visitor and thinks the videos add to the post or not let me know…I thank you in advance…..chuq

SCOTUS Failures

As we wait for the Congress to return after Labor Day and get to work (sound raucous laughter)…….

Oh goody….Our Dear Leader gets to nominate another ankle grabbing conserv for SCOTUS….but over the years there have been a few unsuccessful attempts to become a judge on the highest court of the land…..(side note:  It use to be a noble institution now it is nothing more than the politicians and business controlling the nation through rulings)

Most of us old farts remember Bork and that woman that GW Bush, Rosemary “something”, put up and then withdrew…..but how far back does this sort of thing go back in our nation’s history?

Surprise…..Surprise….it goes as far back as the very beginning….

Since it was established in 1789, presidents have nominated 162 people to the Supreme Court, but only 125 have been confirmed. Turns out, there’s a long history of fights over who gets on the bench, Ayers says.

“As you know, the two-party system is in turmoil. People … simply aren’t going to give the other guys a chance to make something,” he says. “And of course, we all know this is such outsize importance because it’s for life. And so, as ugly as other fights are, there’s nothing quite like a Supreme Court justice fight.”

There is the rub…..the nomination is more about ideology than it is independence of the Judiciary……it is who gets to do what…..the nation is seldom in the equation.

The fight for the confirmation is nothing new and the history of SCOTUS shows us that people failing to meet the requirements of the nomination process is nothing new.

Class dismissed!

Turn The Page!

More Sad News!

While the media is jumping through their asses to cover Omarosa or that Manafort trial or whether a transgender person won an election another American soldier has died from wounds in Afghanistan…..

A Special Forces soldier from Hawaii died Sunday after being injured last week by a roadside bomb in southern Afghanistan, the Pentagon said Monday in a statement, bringing the number of U.S. troops killed this year in combat in Afghanistan to five.

Sgt. 1st Class Reymund Rarogal Transfiguracion, 36, of Waikoloa on Hawaii island was working alongside Afghan commandos in the Sangin district of Helmand province when he was killed by the bomb, which also wounded several Afghans and at least one other American, according to two military officials.

Transfiguracion was assigned to the 3rd Battalion, 1st Special Forces Group based out of Joint Base Lewis-McChord in Washington state, according to a biography released by the Army. He was born in the Philippines and enlisted in the Hawaii National Guard less than two months before the Sept. 11, 2001, attacks.

Gov. David Ige said in a written statement Monday, “Hawaii has lost a brave soldier who sacrificed his life serving his country. My deepest condolences to Sgt. 1st Class Transfiguracion’s wife and children, and his entire ohana. Let our community come together to support them now and in the coming months.”

U.S. Sen. Mazie Hirono said, “Staff Sgt. Reymund Transfiguracion served our country and the people of Hawaii honorably in the U.S. Army and as a member of the Hawaii National Guard. My condolences and aloha are with Staff Sgt. Transfiguracion’s wife, Edelyn, their two daughters, and the Transfiguracion ohana.”

U.S. Rep. Colleen Hana­busa tweeted Monday, “Our thoughts are with the loved ones of Army Staff Sgt. 1st Class Reymund Rarogal Transfiguracion. Thank you, for your service. Please keep his wife, two children and family in your prayers. Remember to honor our troops and respect our veterans and their families.”


IST would like to add our sympathies to the family and friends of this brave American….Thank you for your sacrifice.

A video from a year ago……this is something that the Pentagon does not want the American people to see…..

This should be mandatory for the news to show each and every body returning to the US…..Americans need to know the cost of their wars…… as it is now they have little idea.

So I Have Written!

Turn The Page!

What Happened After 2008?

A decade on…..and counting.

Remember those days….the economic crash caused by banks playing loose and fast with accounts and trickery… all came back to bite them in the ass and we all then decided that banks need to be watched and regulated for the protection of our cash held by them.

For awhile it look good…it looked like we would do what needed doing to make goddamn sure that this could never happen again……and then the big banks started their assault on the people that would control their thievery and then we elected a tool of big capital and most of the regs are being pushed back….and history will be repeated…but while we wait for the next “market correction”…….

A few years ago, one of Karen Petrou’s banking clients gave her an unusual assignment: It wanted her to write a paper laying out “the unintended consequences of the post-financial-crisis capital framework.” Petrou is the co-founder of Federal Financial Analytics Inc., a financial services consulting firm in Washington that focuses on public policy and regulatory issues. She is also, as the American Banker once described her, “the sharpest mind analyzing banking policy today — maybe ever.” Whenever I’m writing about banking issues, she’s the first person I call.

Writing that paper caused Petrou to ask a question she’d never really considered before: Did the bank regulations enacted after the 2008 crisis — along with the Federal Reserve’s post-crisis monetary policy — exacerbate income inequality? Her answer, which she laid out in a series of blog posts, as well as a lecture at the New York Federal Reserve in March, was yes. “Post-crisis monetary and regulatory policy had an unintended but nonetheless dramatic impact on the income and wealth divides,” she wrote recently.

While the nation is focused on Russia and whether they are bad players on the world stage….the inequality in this country grows with every economic report and NO ONE cares….instead they will slobber over slogans and BS and a promise of better days and yet those days are getting further and further away for most in the middle class.

This recovery has not been great for workers. They have seen modest real wage gains over the last five years, but these gains have not come close to making up the ground lost in the recession and the first years of the recovery.

Nonetheless, real wages have been growing for most of the last five years. The last month has been an exception to this pattern, not because nominal wages have grown less, but because we had a large jump in energy prices, which has depressed real wage growth. Here’s picture for the last five years.

Yemen Finally Makes The News!

For about half a decade the Saudis have been hammering Yemen, the Middle East poorest countries, with airstrikes…..most Americans have no idea where it is or why it is being fought….please take 8 minutes and learn about this conflict…..

Now that I have caught you up…..the incident that finally put the Yemen war in the news was the Saudi attack on a school bus…..

An airstrike hit a bus in a market in northern Yemen on Thursday, killing at least 43 people, including children, and wounding as many as 63, according to Yemen’s rebel-run Health Ministry. The airstrike came from the Saudi-led coalition fighting Shiite Houthi rebels in the country, and the coalition said it was in retaliation for a missile fired at the kingdom the previous day. Yemen’s rebel-run Al Masirah TV aired dramatic images of wounded children, their clothes and schoolbags covered with blood as they lay on hospital stretchers, per the AP. The attack took place in the Dahyan market in Saada province, a Houthi stronghold that lies along the border with Saudi Arabia. The bus was ferrying local civilians, including many children, according to Yemeni tribal leaders.

The International Committee of the Red Cross said an ICRC-supported hospital received dozens of dead and wounded following the attack. “Scores killed, even more injured, most under the age of ten,” adds the head of the ICRC in Yemen. Meanwhile, a spokesman for the Saudi-led coalition said the attack targeted rebels who had fired a missile at the kingdom’s south, killing one person and wounding 11 others. The coalition said Wednesday’s projectile, fired toward the southwestern Saudi city of Jizan, was intercepted and destroyed but its fragments caused the casualties. The spokesman insisted Thursday’s attack was a “legitimate military action.” Saudi Arabia backs Yemen’s internationally recognized government and has been at war with the Houthis since March 2015. The rebels control much of northern Yemen, including the capital, Sa’naa.

The Saudis are one of the US biggest customers for weapons and armament….as can be seen in this photo from the bus attack….

A prominent Yemeni journalist who throughout the war has been instrumental in getting images and information out of the country ahead of Western journalists has photographed and examined fragments from one of the exploded missiles found at the site of the US-Saudi coalition airstrike on a school bus in Yemen, which left as many as 50 people dead and 63 injured — the vast majority of which were children

The price of war that few want to hear….the death of children….unacceptable from a country that cares so little for their fellow man…..

This transgression will go the way of all such attacks….swept under the proverbial rug…..for you see NO ONE gives a shit especially Americans!

Turn The Page!