WSJ: Need to cut Mammoths down to size

Wednesday, June 28, 2017

Trump Team Proposes Broad Rethink of Financial Rulebook

The Trump administration proposed a wide-ranging rethink of the rules governing the U.S. financial sector in a report that makes scores of recommendations that have been on the banking industry’s wish list for years.

The report, described in a summary provided by the Treasury Department on Monday, gives the most detailed roadmap yet for President Donald Trump’s promise to revisit a wave of regulations put in place after the last financial crisis, affecting activities from mortgage lending to Wall Street trading.

If Mr. Trump’s regulatory appointees eventually implement them, the recommendations would neuter or pare back restrictions from the Obama administration, which argued the rules were necessary to guard against excessive risk taking and a repeat of the 2008 financial crisis.

Personally I’d like to see a rule that limits a “corporation” to a maximum size. THe only way I can think of it is that balance sheets should be limited to some number of digits. Maybe $999,999,999?

Over that size and it has to divide into smaller units with no interlocking parts.

The Gooferment did it to the Bell System. Why not Facebook, Apple, Amazon, Netfix, and Google?

Seems like a good idea to me?

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VOCABULARY: “Tender Vittles Retirement Plan”

Thursday, June 22, 2017

http://www.economicpolicyjournal.com/2017/06/investigator-who-exposed-madoff-fraud.html

MONDAY, JUNE 12, 2017
Investigator Who Exposed Madoff Fraud Reports New Boston Transit Authority Fraud

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“Tender Vittles retirement plan,” meaning (sarcastically) that its participants would be eating cat food.

*** end quote ***

So sad.

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POLITICAL: A “Mother’s Day” blog post remembered

Sunday, May 14, 2017

RANT: Mother’s Day; Mothers, globally, end all wars now

Sunday, May 8, 2011

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Not very nice. But then neither are all these Mothers’ sons and daughters dying for the whims of politicians and bureaucrats!

What better way to celebrate Mothers’ Day?

*** end quote ***

Here’s a re-cycled post that STILL makes me crazy.

Why can’t we have peace?

— 30 —

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RANT: I spend 30 minutes … …

Thursday, May 11, 2017

… … connecting to TWC / SPECTRUM online. Fighting thru their authentication mechanism to watch Jeopardy away from “their network” and this is what I get.

Screenshot 2017-05-11 at 19.20.04

Argh!

NewImage.png

— 30 —

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VOCABULARY: The word “internet”?

Monday, May 1, 2017

https://www.linkedin.com/groups/40650/40650-6263111592649592835

Joseph DePaola
Managing Partner & President: BizShifts (http://bizshifts-trends.com)

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Should the word ‘internet’ be spelled with– a small ‘i’ (internet) or a capital ‘I’ (Internet)…?Internet Exceptionalism or Not– internet (small ‘i’) vs. Internet (Capital ‘I’): To Capitalize or Not… Who Decides? 

*** end quote ***

I just spell it “inet”. But then I spell “yesterday” as “yday”. Us fat old white guy injineers ain’t so good on spelling anyway.

Now when it comes to “intranet” (i.e., implying a bounded internet within an organization), unless it is air gapped with private address that are non-routable1, one must assume that they will “leak”. Hence, if you mean “intranet”, spell it out and footnote how you ensure it does NOT leak.

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1 The private address segments (10.0.0.0 – 10.255.255.255, 172.16.0.0 – 172.31.255.255, 192.168.0.0 – 192.168.255.255) are commonly referred to as “non-routable” addresses.

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RANT: How much is too much to write off?

Sunday, April 9, 2017

I have to laugh when I get checks or bills for less than a threshold amount.

Today I paid a bill for $2.84. I once received a check for $0.03!

Now considering that it probably cost them guesstimate 25¢ in supplies, 50¢ in postage, 50¢ in return labor, and who knows how much in setting the whole thing up.

I figure they lost money and so did I.

Because the Gooferment and Big Insurance is involved, there’s probably no way to automate the whole thing.

Argh!

So at what trivial amount do you write things off?

Argh!

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GOVERNACIDE: “Federal cyanide trap”?

Monday, March 20, 2017

http://www.foxnews.com/us/2017/03/17/federal-cyanide-trap-injures-eastern-idaho-boy-kills-dog.html

IDAHO
Federal cyanide trap injures eastern Idaho boy, kills dog
Published March 17, 2017  Associated Press

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POCATELLO, Idaho –  An eastern Idaho sheriff says he’s investigating after a cyanide trap placed by federal authorities to kill coyotes injured a 14-year-old boy and killed his dog.

*** end quote ***

While there are a lot of questions still outstanding:

  • was it an accident
  • was the boy tresspassing on private land
  • was it posted
  • were there warning signs

The point remains!

Where in the Constitution does the Federal Gooferment have any authorization to kill anything outside of a declared war?

At best, coyotes are a state level problem. At worst, this is the Federal over-reach and even maybe </tin foil hat> an ‘experiment’ (Yeah, like you never heard of  the Tuskegee Study of Untreated Syphilis in the Negro Male! <tin foil hat/>.

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RANT: The IRS scam now on texts

Saturday, March 11, 2017

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WARNING:I.R.S is filing a lawsuit against you, for more information call on +1-2026979175 on urgent basis otherwise your arrest warrant will be forwarded to your local police department and your properties, social benefits and bank accounts will be frozen by the government.

*** end quote ***

I blocked the phone number when I was called this morning. 

How do I block the text messages?

Argh!

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WARNING:I.R.S is filing a lawsuit against you, for more information call on +1-2026979175 on urgent basis otherwise your arrest warrant will be forwarded to your local police department and your properties, social benefits and bank accounts will be frozen by the government.

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GOLD: Return to the gold standard to discipline Gooferment spending

Thursday, March 2, 2017

https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/2/#66dec3d87314

 

FEB 25, 2017 @ 09:00 AM
President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again
Ralph Benko,   CONTRIBUTOR

*** begin quote ***

As Paul-Martin Foss of the Menger Center astutely points out the Federal Reserve Board currently has three vacancies. If Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Lewis E. Lehrman (whose eponymous Institute I formerly served), Dr. Judy Shelton (who served as an advisor on his presidential economic transition team), former presidential candidate Steve Forbes, and John Allison, former CEO of BB&T (preferably as vice chairman for regulation) the president would create a super “beachhead team” at the Fed to seriously restore equitable prosperity.

These appointments would be the safe and sure first steps out of economic stagnation for America. Couple these with a White House “Team B” to plan the enactment of the Jack Kemp Gold Standard Act and removal of the regulatory and tax barriers to using gold as currency. Then watch an American economic miracle take place.

Mr. President: “No such thing as a global currency?” The dollar is the global currency. Want prosperity? Heed Chairman Greenspan and do not just view but restore “gold as the primary global currency.” President Trump: replace the dollar with gold as the global currency to make America great again. We have the gold.

*** end quote ***

Politicians are addicted to fiat money — they print as much as they can spend.

The USA will NEVER return to prosperity without fiscal discipline.

Argh!

And the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with will certainly sink this “Titanic”.

Argh!

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WSJ: Thinking about celebrities making political statements

Monday, February 27, 2017

TODAY’S QUESTION
Going back to our story above, what do you think about celebrities making political statements at award shows? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.

—Compiled by Margaret Rawson

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I don’t think much about “celebrity” opinions. They are just that “opinions” and like analsphincters, everyone has one.

These “court jesters” mistake there financial success at entertaining with the “fatal conceit” that they know it all.

When Princess Di was out digging up land mines or showcasing children’s charities, she was a “celebrity” whose opinion carried weight and I’d listen to it. Ditto the Dali Lama, Mother Theresa, and a few select others.

When Al Gore and Leonardo DiCaprio jet around and lecture us on “global warming”, “climate change”, or “carbon footprint”, I pay those hypocrites no mind at all.

When the “celebrities” go anti-Trump, I just tune them out.

They’re just noisy losers who can’t remember who pays their salaries.

Argh!

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Leonardo DiCaprio,

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