The Female Economy
Women now drive the world economy.
Globally, they control about $20 trillion in annual consumer spending, and that figure could climb as high as $28 trillion in the next five years. Their $13 trillion in total yearly earnings could reach $18 trillion in the same period.
...Women make the decision in the purchases of 94% of home furnishings…92% of vacations…91% of homes… 60% of automobiles…51% of consumer electronics...
‘Equal Pay Day’ this year falls on April 8; the next ‘Equal Occupational Fatality Day’ will occur on December 20, 2023
...Using annual Bureau of Labor Statistics (BLS) data on workplace fatalities by gender for 2012 (and assuming those fatality data will be similar in 2013 – the actual data won’t be available until August) an “Equal Occupational Fatality Day” can be calculated. As in previous years, the chart above shows the significant gender disparity in workplace fatalities in 2012: 4,045 men died on the job (92.3% of the total) compared to only 338 women (7.7% of the total). The “gender occupational fatality gap” in 2012 was considerable — almost 12 men died on the job for every woman who died while working.
Based on the BLS data on occupational deaths by gender, the next “Equal Occupational Fatality Day” will occur almost ten years from now – on December 20, 2023. ...
No, Women Don’t Make Less Money Than Men
...What is wrong and embarrassing is the President of the United States reciting a massively discredited factoid. The 23-cent gender pay gap is simply the difference between the average earnings of all men and women working full-time. It does not account for differences in occupations, positions, education, job tenure, or hours worked per week. When all these relevant factors are taken into consideration, the wage gap narrows to about five cents. And no one knows if the five cents is a result of discrimination or some other subtle, hard-to-measure difference between male and female workers. In its fact-checking column on the State of the Union, the Washington Post included the president’s mention of the wage gap in its list of dubious claims. “There is clearly a wage gap, but differences in the life choices of men and women… make it difficult to make simple comparisons.”...
...Much of the wage gap can be explained away by simply taking account of college majors. Early childhood educators and social workers can expect to earn around $36,000 and $39,000, respectively. By contrast, petroleum engineering and metallurgy degrees promise median earnings of $120,000 and $80,000. Not many aspiring early childhood educators would change course once they learn they can earn more in metallurgy or mining. The sexes, taken as a group, are somewhat different. Women, far more than men, appear to be drawn to jobs in the caring professions; and men are more likely to turn up in people-free zones. In the pursuit of happiness, men and women appear to take different paths.
But here is the mystery. These and other differences in employment preferences and work-family choices have been widely studied in recent years and are now documented in a mountain of solid empirical research. By now the President and his staff must be aware that the wage gap statistic has been demolished. This is not the first time the Washington Post has alerted the White House to the error. Why continue to use it? ...
INFOGRAPHIC: Women Control The Money In America
...More women are taking the reins on their finances, holding 60 percent of all personal wealth and 51 percent of all stocks in the U.S., according to Virginia Tech. ...
...At home, the majority of women (90 percent) still control the family's purse strings, from stocking up on household items to having the final say on home and car purchases and health care. ...
Sunday, May 31, 2015
Mrs. Clinton and the 1 Percenters
To be a member of the hated, reviled, filthy, wicked “1 percent,” one needs a household income of about $400,000 a year....
...Sometime National Review contributor Peter Schweizer has a book out this week bearing the straightforward title Clinton Cash, in which he documents the coincidence between the financial contributions of foreign interests to Clan Clinton and favorable treatment by Hillary Rodham Clinton’s State Department. Mrs. Clinton has been doing a fair Elizabeth Warren impersonation of late on the issue of executive compensation, which has led a few critics to point out that at approximately $300,000 an hour, Mrs. Clinton as a maker of speeches out-earns all of the highest-earning American executives on an hourly basis or a daily basis. And we’re talking about Fortune 500 guys, there.
In reality, the average American CEO — the average chief executive — makes a little less than $200,000 a year. Paul Krugman makes more than that for a part-time gig thinking deep thoughts about . . . economic inequality. Which is to say, Mr. and Mrs. Clinton could each work an hour every year and still have an income that would place them well into the “1 percent,” while Mrs. Clinton by herself could work an hour a year and out-earn, by half-again as much, the typical American CEO....
...The city manager of my hometown — the sprawling and urbane metropolis of Lubbock, Texas — makes $235,000 a year, which seems to me much more significant than what the boss makes at IBM or Goldman Sachs. For one thing, there are only 500 Fortune 500 CEOs, but there are a hell of a lot of small-fry city managers, six-figure high-school principals and million-dollar superintendents, $300,000-a-year Philadelphia police detectives, etc. Running parks and recreation in Pawnee, Ind., doesn’t seem like all that high-paying a gig for the fictional Leslie Knope and her gang — but in the real world, it’s a pretty good jump on a 1 percenter’s income....
On the other hand, if you thought that Bell, Calif. — population 35,000 — was overpaying its city manager (at $800,000 a year!) you couldn’t sell your Bell shares or short the hell out of Bell. You had to keep paying, or the sheriff and burly men with guns would eventually come and seize your property. Say what you like about Warren Buffett, Berkshire Hathaway doesn’t have the power to withhold money from your paycheck or order you to pay up at gunpoint....
Hillary Clinton: Just an Everyday American with a $25 Million Income
Recent news of the Clintons’ $25 million jackpot in 2014 makes it tough for Hillary to push her core campaign theme with a straight face. Indeed, widespread laughter will greet her efforts to champion “everyday Americans” against those who allegedly make too much money. “The deck is stacked for those at the top,” Hillary Clinton said Tuesday, not mentioning that her household income puts her in not just the top 1 percent of tax filers but the top 0.1 percent. “There’s something wrong when CEOs make 300 times more than the typical worker,” Clinton told Iowa voters last month. However, as Sean Davis noted Tuesday at TheFederalist.com, “she did not elaborate on whether there’s something wrong when non-CEOs who run tax-exempt organizations make 380 times more than the typical worker.”...
...Still, as Hillary runs around denouncing rich people, she would be less unintentionally comedic if she did not make 58 times the $434,682 scored by the lowliest 1 percenter....
...The Clintons last year made more than double the earnings of a typical CEO. Even halving their joint income to $12.5 million puts each $800,000 ahead of the AFL-CIO’s average corporate villain....
...USA Today also noted that “the Clintons appear to have put their homes in ‘residence trusts,’ a move that could reduce their estate taxes.” Here again, the Clintons seem to be cutting their tax exposure — this time for when they enter that great real-estate scheme in the sky. That is perfectly legal. However, death-tax avoidance muffles the battle cries of someone who rails against the rich. ...
Report: Big Morocco donation to Clinton foundation
A phosphate export firm owned by the Moroccan government will give the Clinton Foundation a donation of at least $1 million in advance of a May meeting the charity is to host in Morocco, Politico reported Thursday. The gift adds to the Clinton family charity's reliance on contributions from foreign nations as Hillary Rodham Clinton prepares to enter the 2016 presidential race....
How foreign donations to Clinton Foundation add up to baggage for Hillary (+video) ...The other major point of contention is the foundation’s longtime practice of accepting contributions from foreign countries. Bill and Hillary Clinton agreed to suspend most of those donations while Hillary was secretary of state, but at least one – a $500,000 check from Algeria for Haitian earthquake relief – slipped through the cracks. And the Clintons resumed taking money from foreign governments after Hillary resigned from the Obama administration in early 2013. Saudi Arabia and Norway have each given between $10 million and $25 million to the Clinton Foundation since its inception, according to the organization’s records....
Foreign governments gave millions to foundation while Clinton was at State Dept
...A review of foundation disclosures shows that at least two foreign governments — Germany and the United Arab Emirates — began giving in 2013 after the funding restrictions lapsed when Clinton left the Obama administration. Some foreign governments that had been supporting the foundation before Clinton was appointed, such as Saudi Arabia, did not give while she was in office and have since resumed donating.
Foundation officials said last week that if Clinton runs, they will consider taking steps to address concerns over the role of foreign donors.
“We will continue to ensure the Foundation’s policies and practices regarding support from international partners are appropriate, just as we did when she served as Secretary of State,” the foundation said in a statement.
Foreign governments had been major donors to the foundation before President Obama nominated Clinton to become secretary of state in 2009. When the foundation released a list of its donors for the first time in 2008, as a result of the agreement with the Obama administration, it disclosed, for instance, that Saudi Arabia had given between $10 million and $25 million....
...In Algeria and Tunisia, rapists can avoid prosecution for raping minors if they marry their victims thanks to Article 326 of the Algerian Penal Code and Article 227 of the Tunisian Penal Code. And thanks to the penal code in Morocco, the severity of punishment for rape depends on whether the woman was a virgin or not. In all three countries, marital rape is not recognized as an offense, and both same-sex sexual relations and consensual extramarital relations are illegal, which can discourage survivors from reporting assaults, for fear they will be in legal trouble themselves.
These legal provisions impede justice for survivors and continue to facilitate incidents of sexual violence, leaving survivors of rape and sexual assault without justice or hope. In March 2012 in Morocco, 16 year-old Amina Filali swallowed rat poison and killed herself after she was forced to marry her rapist. No one should face a lifetime with her rapist, just as no one’s virginity “status” should determine justice.
For these reasons, Amnesty has selected the Maghreb region as a focus area in its My Body, My Rights campaign, a global campaign to help ensure everyone has access to their sexual and reproductive rights and enjoys the full spectrum of rights over their bodies.
All people have the right to live in safety. All people have the right to make their own decisions about their bodies, including whether to have children, when to marry, and when and with whom to engage in sexual relations, and the governments of Morocco, Algeria, and Tunisia must amend discriminatory legislation that gives offenders impunity....
To be a member of the hated, reviled, filthy, wicked “1 percent,” one needs a household income of about $400,000 a year....
...Sometime National Review contributor Peter Schweizer has a book out this week bearing the straightforward title Clinton Cash, in which he documents the coincidence between the financial contributions of foreign interests to Clan Clinton and favorable treatment by Hillary Rodham Clinton’s State Department. Mrs. Clinton has been doing a fair Elizabeth Warren impersonation of late on the issue of executive compensation, which has led a few critics to point out that at approximately $300,000 an hour, Mrs. Clinton as a maker of speeches out-earns all of the highest-earning American executives on an hourly basis or a daily basis. And we’re talking about Fortune 500 guys, there.
In reality, the average American CEO — the average chief executive — makes a little less than $200,000 a year. Paul Krugman makes more than that for a part-time gig thinking deep thoughts about . . . economic inequality. Which is to say, Mr. and Mrs. Clinton could each work an hour every year and still have an income that would place them well into the “1 percent,” while Mrs. Clinton by herself could work an hour a year and out-earn, by half-again as much, the typical American CEO....
...The city manager of my hometown — the sprawling and urbane metropolis of Lubbock, Texas — makes $235,000 a year, which seems to me much more significant than what the boss makes at IBM or Goldman Sachs. For one thing, there are only 500 Fortune 500 CEOs, but there are a hell of a lot of small-fry city managers, six-figure high-school principals and million-dollar superintendents, $300,000-a-year Philadelphia police detectives, etc. Running parks and recreation in Pawnee, Ind., doesn’t seem like all that high-paying a gig for the fictional Leslie Knope and her gang — but in the real world, it’s a pretty good jump on a 1 percenter’s income....
On the other hand, if you thought that Bell, Calif. — population 35,000 — was overpaying its city manager (at $800,000 a year!) you couldn’t sell your Bell shares or short the hell out of Bell. You had to keep paying, or the sheriff and burly men with guns would eventually come and seize your property. Say what you like about Warren Buffett, Berkshire Hathaway doesn’t have the power to withhold money from your paycheck or order you to pay up at gunpoint....
Hillary Clinton: Just an Everyday American with a $25 Million Income
Recent news of the Clintons’ $25 million jackpot in 2014 makes it tough for Hillary to push her core campaign theme with a straight face. Indeed, widespread laughter will greet her efforts to champion “everyday Americans” against those who allegedly make too much money. “The deck is stacked for those at the top,” Hillary Clinton said Tuesday, not mentioning that her household income puts her in not just the top 1 percent of tax filers but the top 0.1 percent. “There’s something wrong when CEOs make 300 times more than the typical worker,” Clinton told Iowa voters last month. However, as Sean Davis noted Tuesday at TheFederalist.com, “she did not elaborate on whether there’s something wrong when non-CEOs who run tax-exempt organizations make 380 times more than the typical worker.”...
...Still, as Hillary runs around denouncing rich people, she would be less unintentionally comedic if she did not make 58 times the $434,682 scored by the lowliest 1 percenter....
...The Clintons last year made more than double the earnings of a typical CEO. Even halving their joint income to $12.5 million puts each $800,000 ahead of the AFL-CIO’s average corporate villain....
...USA Today also noted that “the Clintons appear to have put their homes in ‘residence trusts,’ a move that could reduce their estate taxes.” Here again, the Clintons seem to be cutting their tax exposure — this time for when they enter that great real-estate scheme in the sky. That is perfectly legal. However, death-tax avoidance muffles the battle cries of someone who rails against the rich. ...
Report: Big Morocco donation to Clinton foundation
A phosphate export firm owned by the Moroccan government will give the Clinton Foundation a donation of at least $1 million in advance of a May meeting the charity is to host in Morocco, Politico reported Thursday. The gift adds to the Clinton family charity's reliance on contributions from foreign nations as Hillary Rodham Clinton prepares to enter the 2016 presidential race....
How foreign donations to Clinton Foundation add up to baggage for Hillary (+video) ...The other major point of contention is the foundation’s longtime practice of accepting contributions from foreign countries. Bill and Hillary Clinton agreed to suspend most of those donations while Hillary was secretary of state, but at least one – a $500,000 check from Algeria for Haitian earthquake relief – slipped through the cracks. And the Clintons resumed taking money from foreign governments after Hillary resigned from the Obama administration in early 2013. Saudi Arabia and Norway have each given between $10 million and $25 million to the Clinton Foundation since its inception, according to the organization’s records....
Foreign governments gave millions to foundation while Clinton was at State Dept
...A review of foundation disclosures shows that at least two foreign governments — Germany and the United Arab Emirates — began giving in 2013 after the funding restrictions lapsed when Clinton left the Obama administration. Some foreign governments that had been supporting the foundation before Clinton was appointed, such as Saudi Arabia, did not give while she was in office and have since resumed donating.
Foundation officials said last week that if Clinton runs, they will consider taking steps to address concerns over the role of foreign donors.
“We will continue to ensure the Foundation’s policies and practices regarding support from international partners are appropriate, just as we did when she served as Secretary of State,” the foundation said in a statement.
Foreign governments had been major donors to the foundation before President Obama nominated Clinton to become secretary of state in 2009. When the foundation released a list of its donors for the first time in 2008, as a result of the agreement with the Obama administration, it disclosed, for instance, that Saudi Arabia had given between $10 million and $25 million....
...In Algeria and Tunisia, rapists can avoid prosecution for raping minors if they marry their victims thanks to Article 326 of the Algerian Penal Code and Article 227 of the Tunisian Penal Code. And thanks to the penal code in Morocco, the severity of punishment for rape depends on whether the woman was a virgin or not. In all three countries, marital rape is not recognized as an offense, and both same-sex sexual relations and consensual extramarital relations are illegal, which can discourage survivors from reporting assaults, for fear they will be in legal trouble themselves.
These legal provisions impede justice for survivors and continue to facilitate incidents of sexual violence, leaving survivors of rape and sexual assault without justice or hope. In March 2012 in Morocco, 16 year-old Amina Filali swallowed rat poison and killed herself after she was forced to marry her rapist. No one should face a lifetime with her rapist, just as no one’s virginity “status” should determine justice.
For these reasons, Amnesty has selected the Maghreb region as a focus area in its My Body, My Rights campaign, a global campaign to help ensure everyone has access to their sexual and reproductive rights and enjoys the full spectrum of rights over their bodies.
All people have the right to live in safety. All people have the right to make their own decisions about their bodies, including whether to have children, when to marry, and when and with whom to engage in sexual relations, and the governments of Morocco, Algeria, and Tunisia must amend discriminatory legislation that gives offenders impunity....
Why doctors quit
...As one of them wrote, “My colleagues who have already left practice all say they still love patient care, being a doctor. They just couldn’t stand everything else.” By which he meant “a never-ending attack on the profession from government, insurance companies, and lawyers . . . progressively intrusive and usually unproductive rules and regulations,” topped by an electronic health records (EHR) mandate that produces nothing more than “billing and legal documents” — and degraded medicine.
I hear this everywhere. Virtually every doctor and doctors’ group I speak to cites the same litany, with particular bitterness about the EHR mandate. As another classmate wrote, “The introduction of the electronic medical record into our office has created so much more need for documentation that I can only see about three-quarters of the patients I could before, and has prompted me to seriously consider leaving for the first time.”
You may have zero sympathy for doctors, but think about the extraordinary loss to society — and maybe to you, one day — of driving away 40 years of irreplaceable clinical experience....
...As one of them wrote, “My colleagues who have already left practice all say they still love patient care, being a doctor. They just couldn’t stand everything else.” By which he meant “a never-ending attack on the profession from government, insurance companies, and lawyers . . . progressively intrusive and usually unproductive rules and regulations,” topped by an electronic health records (EHR) mandate that produces nothing more than “billing and legal documents” — and degraded medicine.
I hear this everywhere. Virtually every doctor and doctors’ group I speak to cites the same litany, with particular bitterness about the EHR mandate. As another classmate wrote, “The introduction of the electronic medical record into our office has created so much more need for documentation that I can only see about three-quarters of the patients I could before, and has prompted me to seriously consider leaving for the first time.”
You may have zero sympathy for doctors, but think about the extraordinary loss to society — and maybe to you, one day — of driving away 40 years of irreplaceable clinical experience....
The reclassification of 'poverty’ was a con-trick by the Left
...From all this it is clear that the relatively poor of today are vastly richer than the poor of 120 years ago, let alone beforehand. Indeed, at least one leading figure in the Labour Party acknowledged the fact in 1959. Barbara Castle remarked, “the poverty and unemployment which we came into existence to fight have been largely conquered”. Since she spoke, of course, average incomes have risen much higher. As recently as the 1980s people looked at the figures for how many households had inside lavatories and how many had fridges. Now virtually every household has these things, so nobody bothers with the information any more.
Given all this, how is it that so many pundits and charities talk about widespread poverty in Britain?
It dates back to 1962 and the annual conference of the British Sociological Association. Two Left-wing academics, Peter Townsend and Brian Abel-Smith, developed a new way of defining “poverty” based on the income level at which people were entitled to a payment called “supplementary benefit”. One person at the conference reported “a mood of conspiratorial excitement” about the idea of redefining poverty. These are her words, not mine, and they do seem revealing. It is as if some people on the Left were longing to find a way in which poverty had not been “conquered” as Barbara Castle had said. They had found a way in which it would always be possible to use the huge emotional power of the word...
...From all this it is clear that the relatively poor of today are vastly richer than the poor of 120 years ago, let alone beforehand. Indeed, at least one leading figure in the Labour Party acknowledged the fact in 1959. Barbara Castle remarked, “the poverty and unemployment which we came into existence to fight have been largely conquered”. Since she spoke, of course, average incomes have risen much higher. As recently as the 1980s people looked at the figures for how many households had inside lavatories and how many had fridges. Now virtually every household has these things, so nobody bothers with the information any more.
Given all this, how is it that so many pundits and charities talk about widespread poverty in Britain?
It dates back to 1962 and the annual conference of the British Sociological Association. Two Left-wing academics, Peter Townsend and Brian Abel-Smith, developed a new way of defining “poverty” based on the income level at which people were entitled to a payment called “supplementary benefit”. One person at the conference reported “a mood of conspiratorial excitement” about the idea of redefining poverty. These are her words, not mine, and they do seem revealing. It is as if some people on the Left were longing to find a way in which poverty had not been “conquered” as Barbara Castle had said. They had found a way in which it would always be possible to use the huge emotional power of the word...
[Nature.com] Study Predicts Decades Of Global Cooling Ahead
A new study out of the United Kingdom predicts the Earth is about to go through a major climatic shift that could mean decades of cooler temperatures and fewer hurricanes hitting the United States.
Scientists at the University of Southampton predict that a cooling of the Atlantic Ocean could cool global temperatures a half a degree Celsius and may offer a “brief respite from the persistent rise of global temperatures,” according to their study....
...“The stagnation of temperature since 1998 was caused by decreasing solar activity since 1998,” wrote Jürgen Lange Heine, a physicist with the German-based European Institute for Climate and Energy (EIKE).
“From 1900 to 1998, solar radiation increased by 1.3 W / m², but since 1998 it has diminished, and could reach values similar to those of the early 20th century. A drop in global temperature over the next few years is predicted,” Heine wrote....
A new study out of the United Kingdom predicts the Earth is about to go through a major climatic shift that could mean decades of cooler temperatures and fewer hurricanes hitting the United States.
Scientists at the University of Southampton predict that a cooling of the Atlantic Ocean could cool global temperatures a half a degree Celsius and may offer a “brief respite from the persistent rise of global temperatures,” according to their study....
...“The stagnation of temperature since 1998 was caused by decreasing solar activity since 1998,” wrote Jürgen Lange Heine, a physicist with the German-based European Institute for Climate and Energy (EIKE).
“From 1900 to 1998, solar radiation increased by 1.3 W / m², but since 1998 it has diminished, and could reach values similar to those of the early 20th century. A drop in global temperature over the next few years is predicted,” Heine wrote....
An Epidemic of False Claims
False positives and exaggerated results in peer-reviewed scientific studies have reached epidemic proportions in recent years. The problem is rampant in economics, the social sciences and even the natural sciences, but it is particularly egregious in biomedicine. Many studies that claim some drug or treatment is beneficial have turned out not to be true. We need only look to conflicting findings about beta-carotene, vitamin E, hormone treatments, Vioxx and Avandia. Even when effects are genuine, their true magnitude is often smaller than originally claimed.
The problem begins with the public’s rising expectations of science. Being human, scientists are tempted to show that they know more than they do. The number of investigators—and the number of experiments, observations and analyses they produce—has also increased exponentially in many fields, but adequate safeguards against bias are lacking. Research is fragmented, competition is fierce and emphasis is often given to single studies instead of the big picture....
I Fooled Millions Into Thinking Chocolate Helps Weight Loss. Here's How.
...We science journalists like to think of ourselves as more clever than the average hack. After all, we have to understand arcane scientific research well enough to explain it. And for reporters who don’t have science chops, as soon as they tapped outside sources for their stories—really anyone with a science degree, let alone an actual nutrition scientist—they would discover that the study was laughably flimsy. Not to mention that a Google search yielded no trace of Johannes Bohannon or his alleged institute. Reporters on the health science beat were going to smell this a mile away. But I didn’t want to sound pessimistic. “Let’s see how far we can take this,” I said....
...With the paper out, it was time to make some noise. I called a friend of a friend who works in scientific PR. She walked me through some of the dirty tricks for grabbing headlines. It was eerie to hear the other side of something I experience every day.
The key is to exploit journalists’ incredible laziness. If you lay out the information just right, you can shape the story that emerges in the media almost like you were writing those stories yourself. In fact, that’s literally what you’re doing, since many reporters just copied and pasted our text....
False positives and exaggerated results in peer-reviewed scientific studies have reached epidemic proportions in recent years. The problem is rampant in economics, the social sciences and even the natural sciences, but it is particularly egregious in biomedicine. Many studies that claim some drug or treatment is beneficial have turned out not to be true. We need only look to conflicting findings about beta-carotene, vitamin E, hormone treatments, Vioxx and Avandia. Even when effects are genuine, their true magnitude is often smaller than originally claimed.
The problem begins with the public’s rising expectations of science. Being human, scientists are tempted to show that they know more than they do. The number of investigators—and the number of experiments, observations and analyses they produce—has also increased exponentially in many fields, but adequate safeguards against bias are lacking. Research is fragmented, competition is fierce and emphasis is often given to single studies instead of the big picture....
I Fooled Millions Into Thinking Chocolate Helps Weight Loss. Here's How.
...We science journalists like to think of ourselves as more clever than the average hack. After all, we have to understand arcane scientific research well enough to explain it. And for reporters who don’t have science chops, as soon as they tapped outside sources for their stories—really anyone with a science degree, let alone an actual nutrition scientist—they would discover that the study was laughably flimsy. Not to mention that a Google search yielded no trace of Johannes Bohannon or his alleged institute. Reporters on the health science beat were going to smell this a mile away. But I didn’t want to sound pessimistic. “Let’s see how far we can take this,” I said....
...With the paper out, it was time to make some noise. I called a friend of a friend who works in scientific PR. She walked me through some of the dirty tricks for grabbing headlines. It was eerie to hear the other side of something I experience every day.
The key is to exploit journalists’ incredible laziness. If you lay out the information just right, you can shape the story that emerges in the media almost like you were writing those stories yourself. In fact, that’s literally what you’re doing, since many reporters just copied and pasted our text....
IRS Steals $107,000 From Convenience Store Owner, Violating Its Own 'Structuring' Policy
...As in other structuring cases, McLellan lost his money because of well-intentioned but bad advice from a bank teller. The teller told McLellan's niece, who usually handled L&M Convenience Mart's deposits, she could save the bank burdensome paperwork by keeping the deposits below $10,000, the reporting threshold. Based on the resulting pattern of deposits, the IRS cleaned out McLellan's bank account a year ago, even though there was no evidence that the money came from anything other than his perfectly legal business, which combines a store with a gas station and restaurant. The Institute for Justice, which is suing the IRS and the DOJ on McLellan's behalf, notes that "the government filed its forfeiture complaint in December 2014, two months after the IRS announced it would not forfeit money in cases like this one." ...
...As in other structuring cases, McLellan lost his money because of well-intentioned but bad advice from a bank teller. The teller told McLellan's niece, who usually handled L&M Convenience Mart's deposits, she could save the bank burdensome paperwork by keeping the deposits below $10,000, the reporting threshold. Based on the resulting pattern of deposits, the IRS cleaned out McLellan's bank account a year ago, even though there was no evidence that the money came from anything other than his perfectly legal business, which combines a store with a gas station and restaurant. The Institute for Justice, which is suing the IRS and the DOJ on McLellan's behalf, notes that "the government filed its forfeiture complaint in December 2014, two months after the IRS announced it would not forfeit money in cases like this one." ...
NYT, Boston Globe Both Report That Different Structures of the Clinton Foundation Deliberately Hid Money
...Aides to former President Bill Clinton helped start a Canadian charity that effectively shielded the identities of donors who gave more than $33 million that went to his foundation, despite a pledge of transparency when Hillary Rodham Clinton became secretary of state. The nonprofit, the Clinton Giustra Enterprise Partnership (Canada), operates in parallel to a Clinton Foundation project called the Clinton Giustra Enterprise Partnership, which is expressly covered by an agreement Mrs. Clinton signed to make all donors public while she led the State Department. However, the foundation maintains that the Canadian partnership is not bound by that agreement and that under Canadian law contributors’ names cannot be made public.
The foundation cited that restriction last weekend in explaining why it did not disclose $2.35 million in donations from the chairman of Uranium One, the subject of an article in The New York Times last week....
"This is hardly an effort on our part to avoid transparency," said Maura Pally, acting chief executive of the Clinton Foundation, as she took new efforts to avoid transparency....
...An unprecedented ethics promise that played a pivotal role in helping Hillary Rodham Clinton win confirmation as secretary of state, soothing senators' concerns about conflicts of interests with Clinton family charities, was uniformly bypassed by the biggest of the philanthropies involved.
The Clinton Health Access Initiative never submitted information on any foreign donations to State Department lawyers for review during Clinton's tenure from 2009 to 2013, Maura Daley, the organization's spokeswoman, acknowledged to the Globe this week. She said the charity deemed it unnecessary, except in one case that she described as an "oversight."
During that time, grants from foreign governments increased by tens of millions of dollars to the Boston-based organization.
Daley’s acknowledgement was the first by the charity of the broad scope of its apparent failures to fulfill the spirit of a crucial political pledge made by the Clinton family and their charities. The health initiative has previously acknowledged failing only to disclose the identity of its contributors, another requirement under the agreement....
...Aides to former President Bill Clinton helped start a Canadian charity that effectively shielded the identities of donors who gave more than $33 million that went to his foundation, despite a pledge of transparency when Hillary Rodham Clinton became secretary of state. The nonprofit, the Clinton Giustra Enterprise Partnership (Canada), operates in parallel to a Clinton Foundation project called the Clinton Giustra Enterprise Partnership, which is expressly covered by an agreement Mrs. Clinton signed to make all donors public while she led the State Department. However, the foundation maintains that the Canadian partnership is not bound by that agreement and that under Canadian law contributors’ names cannot be made public.
The foundation cited that restriction last weekend in explaining why it did not disclose $2.35 million in donations from the chairman of Uranium One, the subject of an article in The New York Times last week....
"This is hardly an effort on our part to avoid transparency," said Maura Pally, acting chief executive of the Clinton Foundation, as she took new efforts to avoid transparency....
...An unprecedented ethics promise that played a pivotal role in helping Hillary Rodham Clinton win confirmation as secretary of state, soothing senators' concerns about conflicts of interests with Clinton family charities, was uniformly bypassed by the biggest of the philanthropies involved.
The Clinton Health Access Initiative never submitted information on any foreign donations to State Department lawyers for review during Clinton's tenure from 2009 to 2013, Maura Daley, the organization's spokeswoman, acknowledged to the Globe this week. She said the charity deemed it unnecessary, except in one case that she described as an "oversight."
During that time, grants from foreign governments increased by tens of millions of dollars to the Boston-based organization.
Daley’s acknowledgement was the first by the charity of the broad scope of its apparent failures to fulfill the spirit of a crucial political pledge made by the Clinton family and their charities. The health initiative has previously acknowledged failing only to disclose the identity of its contributors, another requirement under the agreement....
Monday, May 25, 2015
BUSTED: Paul Krugman removed 20 years of data from a chart to show a correlation that wasn't really there
...The period in the early 1960's was removed, and so was the period from 2000 on. In other words, out of a 55-year time period, Dr. Krugman decided to remove 20 years' worth of data. For those keeping track, that's removing almost 40% of an entire data set just because the data didn't fit the narrative. And when you add those years back you get a result that shows a very weak correlation...
...The period in the early 1960's was removed, and so was the period from 2000 on. In other words, out of a 55-year time period, Dr. Krugman decided to remove 20 years' worth of data. For those keeping track, that's removing almost 40% of an entire data set just because the data didn't fit the narrative. And when you add those years back you get a result that shows a very weak correlation...
I SMELL A WISCONSIN RAT
Reporter M.D. Kittle at WisconsinWatchdog.org asks a very interesting question: What did the Milwaukee Journal Sentinel know, and when did it know it? The question relates to the Journal-Sentinel reporters’ knowledge of a pre-dawn paramilitary-style raid of the home of Cindy Archer, a fomer aide to Wisconsin Governor Scott Walker and one of the architects of Wisconsin’s Act 10, which reformed that State’s public sector unions.
The raid of Archer’s home occurred in the early morning hours of Wednesday, September 14, 2011. At the time of the raid, Archer saw an individual that she believed to be a reporter, standing in her lawn. But the question became: How would a reporter even know that Archer’s home was being raided? Someone had to tip the Journal-Sentinel off. But under Wisconsin law, disclosure of a search warrant’s issuance, prior to its execution, is a Class I felony and could also violate the judge’s secrecy order of the John Doe investigation itself....
Milwaukee DA John Chisholm Lets The Mask Slip. Again.
...As to defamatory remarks, I strongly suspect the Iowa criminal code, like Wisconsin's, has provisions for intentionally making false statements intended to harm the reputation of others," Chisholm said in a statement Saturday responding to Walker's comments....
GoFundMe yanks Sweet Cakes bakery campaign
...But if GoFundMe was that willing to immediately cave in on this case, what else would they bail out on? They allowed a fundraiser for Memories Pizza, but claim that the account was allowed because there weren’t charges or fines pending. By that criteria, a legal defense fund for anyone anywhere charged with any crime should not be allowed, right? Even if the defendant is somebody the Left happens to like? I’m suspicious as to how consistent they will be on this policy to say the least....
This Is Why They Hate Us
...Treating this evening as if it’s something the rest of the country should care about is, at best, tone deaf. Does anyone really care if the president tells a joke to a room filled with journalists who wish they were pretty enough to be celebrities and celebrities who wish they were smart enough to hold forth on the political issues of the day? Of course not. D.C. resembles Panem no more than it does on this weekend.
Which brings me to last night, when CNN was providing red carpet coverage (!) and interviewing president Obama’s joke writers and former body men while Baltimore—a city that’s about a half-hour away from D.C., sans traffic—burned. ...
#Ferguson Protesters Protest Not Getting Their Checks For Protesting…
There's a war on cash
...Peter Bofinger is a member of the German Council of Economic Experts – the “Five Sages on the Economy” – which in its official function advises the government and parliament on economic policy issues. These folks are taken seriously....
...And then he added the real reason for abolishing cash in such a coordinated, wide-ranging manner:
“It would be easier for central banks to impose their monetary policies. At this time, they cannot push interest rates appreciably below zero because the savers would hoard cash. If there is no cash, the zero bound is eliminated.”...
Reporter M.D. Kittle at WisconsinWatchdog.org asks a very interesting question: What did the Milwaukee Journal Sentinel know, and when did it know it? The question relates to the Journal-Sentinel reporters’ knowledge of a pre-dawn paramilitary-style raid of the home of Cindy Archer, a fomer aide to Wisconsin Governor Scott Walker and one of the architects of Wisconsin’s Act 10, which reformed that State’s public sector unions.
The raid of Archer’s home occurred in the early morning hours of Wednesday, September 14, 2011. At the time of the raid, Archer saw an individual that she believed to be a reporter, standing in her lawn. But the question became: How would a reporter even know that Archer’s home was being raided? Someone had to tip the Journal-Sentinel off. But under Wisconsin law, disclosure of a search warrant’s issuance, prior to its execution, is a Class I felony and could also violate the judge’s secrecy order of the John Doe investigation itself....
Milwaukee DA John Chisholm Lets The Mask Slip. Again.
...As to defamatory remarks, I strongly suspect the Iowa criminal code, like Wisconsin's, has provisions for intentionally making false statements intended to harm the reputation of others," Chisholm said in a statement Saturday responding to Walker's comments....
GoFundMe yanks Sweet Cakes bakery campaign
...But if GoFundMe was that willing to immediately cave in on this case, what else would they bail out on? They allowed a fundraiser for Memories Pizza, but claim that the account was allowed because there weren’t charges or fines pending. By that criteria, a legal defense fund for anyone anywhere charged with any crime should not be allowed, right? Even if the defendant is somebody the Left happens to like? I’m suspicious as to how consistent they will be on this policy to say the least....
This Is Why They Hate Us
...Treating this evening as if it’s something the rest of the country should care about is, at best, tone deaf. Does anyone really care if the president tells a joke to a room filled with journalists who wish they were pretty enough to be celebrities and celebrities who wish they were smart enough to hold forth on the political issues of the day? Of course not. D.C. resembles Panem no more than it does on this weekend.
Which brings me to last night, when CNN was providing red carpet coverage (!) and interviewing president Obama’s joke writers and former body men while Baltimore—a city that’s about a half-hour away from D.C., sans traffic—burned. ...
#Ferguson Protesters Protest Not Getting Their Checks For Protesting…
There's a war on cash
...Peter Bofinger is a member of the German Council of Economic Experts – the “Five Sages on the Economy” – which in its official function advises the government and parliament on economic policy issues. These folks are taken seriously....
...And then he added the real reason for abolishing cash in such a coordinated, wide-ranging manner:
“It would be easier for central banks to impose their monetary policies. At this time, they cannot push interest rates appreciably below zero because the savers would hoard cash. If there is no cash, the zero bound is eliminated.”...
Obama Admin. Won’t Let States Ask for Proof of Citizenship … On Voter Registration Form!
Non-citizens are voting in American elections, and the federal government refuses to do anything to stop it.
Worse, the current administration seems to be doing everything they can to prevent the states from trying to stop it. First, they sued states that asked people to present ID before voting. Now, the administration will not let states even ask people to establish they are citizens when they register to vote.
That’s the underlying plot in the latest major case in election law that has just been presented to the Supreme Court. Federal law says that states must accept and use a federal form for registering voters. But the federal form doesn’t require any proof that the person submitting the form is a citizen.
The form just asks the registrant to check a box...
Military to allow undocumented immigrants to serve
A small number of undocumented immigrants in the U.S. will have an opportunity to join the military for the first time in decades under a new Department of Defense policy unveiled Thursday.
The new rules will expand an existing program allowing recruiters to target foreign nationals with high-demand skills, mostly rare foreign language expertise or specialized health care training....
Non-citizens are voting in American elections, and the federal government refuses to do anything to stop it.
Worse, the current administration seems to be doing everything they can to prevent the states from trying to stop it. First, they sued states that asked people to present ID before voting. Now, the administration will not let states even ask people to establish they are citizens when they register to vote.
That’s the underlying plot in the latest major case in election law that has just been presented to the Supreme Court. Federal law says that states must accept and use a federal form for registering voters. But the federal form doesn’t require any proof that the person submitting the form is a citizen.
The form just asks the registrant to check a box...
Military to allow undocumented immigrants to serve
A small number of undocumented immigrants in the U.S. will have an opportunity to join the military for the first time in decades under a new Department of Defense policy unveiled Thursday.
The new rules will expand an existing program allowing recruiters to target foreign nationals with high-demand skills, mostly rare foreign language expertise or specialized health care training....
Hillary Talks Guns In CNN Town Hall, Says Minority ‘Terrorizes’ Majority [VIDEO]
During a televised town hall, Hillary Clinton was asked about guns, and said that the viewpoint held by gun-rights advocates “terrorizes” the majority of Americans....
...“We cannot let a minority of people – and that’s what it is, it is a minority of people – hold a viewpoint that terrorizes the majority of people,” said Clinton....
During a televised town hall, Hillary Clinton was asked about guns, and said that the viewpoint held by gun-rights advocates “terrorizes” the majority of Americans....
...“We cannot let a minority of people – and that’s what it is, it is a minority of people – hold a viewpoint that terrorizes the majority of people,” said Clinton....
Airing the depth of troubles at Fannie Mae
In 2004, before Fannie Mae pushed into riskier loans, the Department of Housing and Urban Development suggested the definitions were becoming fuzzy.
"As the GSE's become more comfortable with subprime lending, the line between what today is considered a subprime loan versus a prime loan will likely deteriorate, making expansion by the GSE's look more like an increase in the prime market," the housing department said in a November 2004 report.
Freddie Mac, Fannie Mae Ex-CEOs Sued for Understating Loans
Dec. 16 (Bloomberg) -- Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the firms.
The lawsuits filed today in Manhattan federal court were followed by an SEC statement that it had entered into “non-prosecution agreements” with each company. Fannie Mae, the government-sponsored enterprise which issues almost half of all mortgage-backed securities, and Freddie Mac, the McLean, Virginia-based mortgage-finance company, had “agreed to accept responsibility” for their conduct, the SEC said.
The agency said in the lawsuits that Syron, Mudd and other executives understated exposure to subprime mortgage loans. From 2007 to 2008, Freddie Mac executives said the company’s exposure was from $2 billion to $6 billion when it was actually as high as $244 billion, according to one SEC complaint.
From 2006 to 2008, Washington-based Fannie Mae executives said the firm’s exposure to subprime mortgage and reduced-documentation loans was about $4.8 billion when it was almost 10 times greater, according to the regulator....
In 2004, before Fannie Mae pushed into riskier loans, the Department of Housing and Urban Development suggested the definitions were becoming fuzzy.
"As the GSE's become more comfortable with subprime lending, the line between what today is considered a subprime loan versus a prime loan will likely deteriorate, making expansion by the GSE's look more like an increase in the prime market," the housing department said in a November 2004 report.
Freddie Mac, Fannie Mae Ex-CEOs Sued for Understating Loans
Dec. 16 (Bloomberg) -- Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the firms.
The lawsuits filed today in Manhattan federal court were followed by an SEC statement that it had entered into “non-prosecution agreements” with each company. Fannie Mae, the government-sponsored enterprise which issues almost half of all mortgage-backed securities, and Freddie Mac, the McLean, Virginia-based mortgage-finance company, had “agreed to accept responsibility” for their conduct, the SEC said.
The agency said in the lawsuits that Syron, Mudd and other executives understated exposure to subprime mortgage loans. From 2007 to 2008, Freddie Mac executives said the company’s exposure was from $2 billion to $6 billion when it was actually as high as $244 billion, according to one SEC complaint.
From 2006 to 2008, Washington-based Fannie Mae executives said the firm’s exposure to subprime mortgage and reduced-documentation loans was about $4.8 billion when it was almost 10 times greater, according to the regulator....
49 Former NASA Scientists Send A Letter Disputing Climate Change
Select excerpts from the letter:
“The unbridled advocacy of CO2 being the major cause of climate change is unbecoming of NASA’s history of making an objective assessment of all available scientific data prior to making decisions or public statements.”
“We believe the claims by NASA and GISS, that man-made carbon dioxide is having a catastrophic impact on global climate change are not substantiated.”
“We request that NASA refrain from including unproven and unsupported remarks in its future releases and websites on this subject.”
Former UN Lead Author: Global Warming Caused By ‘Natural Variations’ In Climate
Global temperature change observed over the last hundred years or so is well within the natural variability of the last 8,000 years, according to a new paper by a former Intergovernmental Panel On Climate Change (IPCC) lead author.
Dr. Philip Lloyd, a South Africa-based physicist and climate researcher, examined ice core-based temperature data going back 8,000 years to gain perspective on the magnitude of global temperature changes over the 20th Century.
What Lloyd found was that the standard deviation of the temperature over the last 8,000 years was about 0.98 degrees Celsius– higher than the 0.85 degrees climate scientists say the world has warmed over the last century....
More Countries Caught Manipulating Their Climate Data
...In his latest article, Sterling wrote that Switzerland’s weather bureau adjusted its raw temperature data so that “the temperatures reported were consistently higher than those actually recorded.” For example, the cities of Sion and Zurich saw “a doubling of the temperature trend” after such adjustments were made....
...The Swiss affair, however, is not the first instance of data “homogenization” catalogued by scientists and researchers who are skeptical of man-made global warming. In January, skeptic blogger Paul Homewood documented how NASA has “homogenized” temperature data across Paraguay to create a warming trend that doesn’t exist in the raw data....
...Before that, the Australian Bureau of Meteorology (ABM) was forced to admit it adjusts temperatures recorded at all weather stations across the country. Aussie journalists had been critical of ABM for being secretive about its data adjustments....
...“Downward homogenizations in recent years were rare. In some areas, downward temperature trends measured over time showed a significantly increased temperature trend after homogenization,” he added. “The difference between actually measured temperatures and homogenized temperatures topped 4 degrees Celsius over certain periods at some measuring stations.”...
Top scientists start to examine fiddled global warming figures
...But here there is a puzzle. These temperature records are not the only ones with official status. The other two, Remote Sensing Systems (RSS) and the University of Alabama (UAH), are based on a quite different method of measuring temperature data, by satellites. And these, as they have increasingly done in recent years, give a strikingly different picture. Neither shows last month as anything like the hottest March on record, any more than they showed 2014 as “the hottest year ever”....
...Careful analysts have come up with hundreds of examples of how the original data recorded by 3,000-odd weather stations has been “adjusted”, to exaggerate the degree to which the Earth has actually been warming. Figures from earlier decades have repeatedly been adjusted downwards and more recent data adjusted upwards, to show the Earth having warmed much more dramatically than the original data justified....
UN scientists warn time is running out to tackle global warming
Friday 4 May 2007 19.16 EDT
...Greater energy efficiency, renewable electricity sources and new technology to dump carbon dioxide underground can all help to reduce greenhouse gas emissions, the experts said. But there could be as little as eight years left to avoid a dangerous global average rise of 2C or more....
Select excerpts from the letter:
“The unbridled advocacy of CO2 being the major cause of climate change is unbecoming of NASA’s history of making an objective assessment of all available scientific data prior to making decisions or public statements.”
“We believe the claims by NASA and GISS, that man-made carbon dioxide is having a catastrophic impact on global climate change are not substantiated.”
“We request that NASA refrain from including unproven and unsupported remarks in its future releases and websites on this subject.”
Former UN Lead Author: Global Warming Caused By ‘Natural Variations’ In Climate
Global temperature change observed over the last hundred years or so is well within the natural variability of the last 8,000 years, according to a new paper by a former Intergovernmental Panel On Climate Change (IPCC) lead author.
Dr. Philip Lloyd, a South Africa-based physicist and climate researcher, examined ice core-based temperature data going back 8,000 years to gain perspective on the magnitude of global temperature changes over the 20th Century.
What Lloyd found was that the standard deviation of the temperature over the last 8,000 years was about 0.98 degrees Celsius– higher than the 0.85 degrees climate scientists say the world has warmed over the last century....
More Countries Caught Manipulating Their Climate Data
...In his latest article, Sterling wrote that Switzerland’s weather bureau adjusted its raw temperature data so that “the temperatures reported were consistently higher than those actually recorded.” For example, the cities of Sion and Zurich saw “a doubling of the temperature trend” after such adjustments were made....
...The Swiss affair, however, is not the first instance of data “homogenization” catalogued by scientists and researchers who are skeptical of man-made global warming. In January, skeptic blogger Paul Homewood documented how NASA has “homogenized” temperature data across Paraguay to create a warming trend that doesn’t exist in the raw data....
...Before that, the Australian Bureau of Meteorology (ABM) was forced to admit it adjusts temperatures recorded at all weather stations across the country. Aussie journalists had been critical of ABM for being secretive about its data adjustments....
...“Downward homogenizations in recent years were rare. In some areas, downward temperature trends measured over time showed a significantly increased temperature trend after homogenization,” he added. “The difference between actually measured temperatures and homogenized temperatures topped 4 degrees Celsius over certain periods at some measuring stations.”...
Top scientists start to examine fiddled global warming figures
...But here there is a puzzle. These temperature records are not the only ones with official status. The other two, Remote Sensing Systems (RSS) and the University of Alabama (UAH), are based on a quite different method of measuring temperature data, by satellites. And these, as they have increasingly done in recent years, give a strikingly different picture. Neither shows last month as anything like the hottest March on record, any more than they showed 2014 as “the hottest year ever”....
...Careful analysts have come up with hundreds of examples of how the original data recorded by 3,000-odd weather stations has been “adjusted”, to exaggerate the degree to which the Earth has actually been warming. Figures from earlier decades have repeatedly been adjusted downwards and more recent data adjusted upwards, to show the Earth having warmed much more dramatically than the original data justified....
UN scientists warn time is running out to tackle global warming
Friday 4 May 2007 19.16 EDT
...Greater energy efficiency, renewable electricity sources and new technology to dump carbon dioxide underground can all help to reduce greenhouse gas emissions, the experts said. But there could be as little as eight years left to avoid a dangerous global average rise of 2C or more....
Subscribe to:
Posts (Atom)