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Member since: Fri Feb 18, 2011, 07:22 PM
Number of posts: 34,446

Journal Archives

Michael Avenatti: Michael Cohen isn't smart enough to be Trump's lawyer

Posted by bucolic_frolic | Sat Apr 14, 2018, 06:12 PM (8 replies)

Lawmaker to Trump: Resign, it will get worse

Posted by bucolic_frolic | Fri Apr 13, 2018, 12:12 PM (16 replies)

Trump's Take: Slowest Breaking News on Syria

Posted by bucolic_frolic | Wed Apr 11, 2018, 06:52 AM (0 replies)

China retaliates, slaps duties on U.S. soybeans, planes; markets skid

Source: Reuters

U.S.-made goods that appear to face added tariffs in China based, on an analysis of Beijing’s list, include Tesla electric cars, Ford’s Lincoln auto models, Gulfstream jets made by General Dynamics and Brown-Forman Corp’s Jack Daniel’s whiskey.

Unlike Washington’s list, which was filled with many obscure industrial items, China’s list strikes at signature U.S. exports, including soybeans, frozen beef, cotton and other key agricultural commodities produced in states from Iowa to Texas that voted for Donald Trump in the 2016 presidential election.

While Washington targeted products that benefit from Chinese industrial policy, including its “Made in China 2025” initiative to replace advanced technology imports with domestic products in strategic industries such as advanced IT and robotics, Beijing’s appears aimed at inflicting political damage.

Tobacco and whiskey, for example, are both on Beijing’s list and are produced in states including Kentucky, home of Senate Majority Leader Mitch McConnell.

Read more: https://www.reuters.com/article/us-usa-trade-china/china-retaliates-slaps-duties-on-u-s-soybeans-planes-markets-skid-idUSKCN1HB0G6

Dow futures currently down 508 points. This could not come at a worse time for the markets, still digesting the initial volley in the trade war. Elections, policies, tweets all have real world consequences.
Posted by bucolic_frolic | Wed Apr 4, 2018, 06:40 AM (13 replies)

Trump Renews Amazon Attack, Says Post Office Scam' Must Stop

Source: Bloomberg

President Donald Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the online retailer “must pay real costs (and taxes) now!”

The president on Saturday claimed, citing reports he didn’t specify, that the U.S. Postal Service “will lose $1.50 on average for each package it delivers for Amazon” and added that the “Post Office scam must stop.” Amazon has said the postal service, which has financial problems stretching back for years, makes money on its deliveries.

Amazon shed $53 billion in market value on Wednesday after Axios reported that the president is “obsessed” with regulating the e-commerce giant, whose founder and chief executive officer, Jeff Bezos, also owns the Washington Post newspaper. Those losses were pared on Thursday, the final day of a shortened trading week, even as Trump tweeted that Amazon was using the postal service as its “Delivery Boy.”

White House spokeswoman Lindsay Walters said on Thursday that while the president was displeased with the e-commerce giant, and particularly instances where third-party sellers on the site didn’t collect sales tax, there were no administrative actions planned against Amazon “at this time.”

Read more: https://www.bloomberg.com/news/articles/2018-03-31/trump-says-amazon-s-post-office-scam-must-stop-in-fresh-attack

Much more at link

Hard to believe Trump is so obsessed with this, or maybe it isn't. Everything he's criticizing Amazon for could also be level at the energy companies he promotes, subsidizes, deregulates at taxpayer expense - cost wise and healthwise.

Presidents should not be able to destroy companies, stock values, and lives with tweets or even policies - which should at least be cloaked in theory, cost-benefit analysis, or general principle. This is just one-off, let's blast Amazon.
Posted by bucolic_frolic | Sat Mar 31, 2018, 05:11 PM (16 replies)

Did I tell you HDTV passed me by?

Any recommendations for a simple HDTV converter? No frills. Was surprised to learn they have upscale models with stereo audio in/out, HDMI in, USB capability. Um, I just want to watch TV occasionally. Been 6 years without it, haven't missed it much.

Posted by bucolic_frolic | Thu Mar 29, 2018, 07:49 AM (10 replies)

UNDER OATH 3-28-18

Randi Rhodes
Posted by bucolic_frolic | Wed Mar 28, 2018, 05:44 PM (3 replies)

Stormy Daniels Attorney Michael Avenatti : 'We're Only Getting Started' Morning Joe MSNBC

Posted by bucolic_frolic | Mon Mar 26, 2018, 09:02 PM (3 replies)

Wall Street is nervous about a trade war: Dow plunges 600 points

Source: CNNMoney

The Dow dropped more than 600 points, or more than 2%, on Thursday, underlining growing concerns among investors about looming tariffs on China.

The S&P 500 was down 2%, and the Nasdaq almost 2%.

"A global trade war, whether it's real or perceived, is what's weighing on the market," said Ian Winer, head of equities at Wedbush Securities. "There's this huge uncertainty now. If China decides to get tough on agriculture or anything else, that will really spook people."

Trump announced tariffs on about $50 billion worth of Chinese imports on Thursday afternoon. It's not clear which products will be hit, but the action is aimed at curbing China's troubling theft of US intellectual property.

Read more: http://money.cnn.com/2018/03/22/investing/dow-jones-trade-war-china/index.html

It's being called various things by various people. 'Trade War', 'Tariff Plan', "not a trade war" ....

Free trade has been the mantra since WWII ... except for Nixon's 10% tariff an all imported goods:


For people of a certain generation, the brilliant, cunning, yet curiously tone-deaf and self-destructive Richard Nixon, U.S. President (1969-1974), is a bottomless well of interesting stories.

Remembered by a dwindling few is that Sunday of August 15, 1971 when Richard Nixon slapped on a 10% tariff, or import surcharge, on nearly all goods entering the United States. Hard as it is to believe today, Nixon also instituted nationwide wage-and-price controls, and took the U.S. dollar off of gold.
Posted by bucolic_frolic | Thu Mar 22, 2018, 02:43 PM (8 replies)

No sign of relief for Facebook shares after Zuckerberg apology

Source: Reuters

(Reuters) - Shares of Facebook Inc fell 3 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg did little to quell Wall Street nerves about how much a row over user data privacy will cost the company.

Read more: https://www.reuters.com/article/us-facebook-cambridge-analytica-stocks/no-sign-of-relief-for-facebook-shares-after-zuckerberg-apology-idUSKBN1GY1GI

'Please make shares go up now ... don't let them go the way of MySpace'
Posted by bucolic_frolic | Thu Mar 22, 2018, 10:22 AM (14 replies)
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