Fwd: Green Bit and bank fraud

Dear ANS group -- just a couple of tidbits for you.

--Kim and Joyce

---------- Forwarded message ---------
From: Joyce Segal <joyceck10@gmail.com>
Date: Tue, Oct 29, 2024 at 8:00 AM
Subject: Green Bit and bank fraud
To: Kim Cooper <kimc0240@gmail.com>

Japan's iconic Mount Fuji has yet to see snow this winter
The peaks of Japan's highest mountain are still snowless, marking the latest date without a snowcap since records began 130 years ago.

 

Chase ATM fraudsters may soon have to pay up
Customers who allegedly withdrew money fraudulently from Chase Bank ATMs using an illegal scheme that blew up on TikTok over the summer could soon have to cut hefty checks back to the bank.

--

Joyce Cooper

CEO SunSmartPower

650-430-6243

SunSmartPower.com

Fw: October 27, 2024

Dear ANS group -- Here's another one of Heather Cox Richardson's articles.  Trump may have gone off the deep end this time.  

--Kim

----- Forwarded Message -----

From: Heather Cox Richardson from Letters from an American <heathercoxrichardson@substack.com>

To: "kimc0240@yahoo.com" <kimc0240@yahoo.com>

Sent: Sunday, October 27, 2024 at 11:36:44 PM PDT

Subject: October 27, 2024

I stand corrected.

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	Forwarded this email? Subscribe here for more October 27, 2024 Heather Cox Richardson Oct 28   READ IN APP   I stand corrected. I thought this year's October surprise was the reality that Trump's mental state had slipped so badly he could not campaign in any coherent way.  It turns out that the 2024 October surprise was the Trump campaign's fascist rally at Madison Square Garden, a rally so extreme that Republicans running for office have been denouncing it all over social media tonight.  There was never any question that this rally was going to be anything but an attempt to inflame Trump's base. The plan for a rally at Madison Square Garden itself deliberately evoked its predecessor: a Nazi rally at the old Madison Square Garden on February 20, 1939. About 18,000 people showed up for that "true Americanism" event, held on a stage that featured a huge portrait of George Washington in his Continental Army uniform flanked by swastikas.  Like that earlier event, Trump's rally was supposed to demonstrate power and inspire his base to violence.   Apparently in anticipation of the rally, Trump on Friday night replaced his signature blue suit and red tie with the black and gold of the neofascist Proud Boys. That extremist group was central to the January 6, 2021, attack on the U.S. Capitol and has been rebuilding to support Trump again in 2024.  On Saturday the Trump campaign released a list of 29 people set to be on the stage at the rally. Notably, the list was all MAGA Republicans, including vice presidential nominee Ohio senator J.D. Vance, House speaker Mike Johnson (LA), Representative Elise Stefanik (NY), Representative Byron Donalds (FL), Trump backer Elon Musk, Trump ally Rudy Giuliani, Robert F. Kennedy Jr., right-wing host Tucker Carlson, Trump sons Don Jr. and Eric, and Eric's wife, Republican National Committee co-chair Lara Trump.  Libbey Dean of NewsNation noted that none of the seven Republicans running in New York's competitive House races were on the list. When asked why not, according to Dean, Trump senior advisor Jason Miller said: "The demand, the request for people to speak, is quite extensive." Asked if the campaign had turned down anyone who asked to speak, Miller said no.   Meanwhile, the decision of the owners of the Los Angeles Times and the Washington Post not to endorse Democratic presidential candidate Vice President Kamala Harris seems to have sparked a backlash. As Will Bunch of the Philadelphia Inquirer noted, "in a strange way the papers did perform a public service: showing American voters what life under a dictator would feel like." Early on October 26, the Washington Post itself went after Trump backer billionaire Elon Musk with a major story highlighting the information that Musk, an immigrant from South Africa, had worked illegally when he started his career in the U.S. Musk "did not have the legal right to work" in the U.S. when he started his first successful company. As part of the Trump campaign, Musk has emphasized his opposition to undocumented immigrants. The New York Times has tended to downplay Trump's outrageous statements, but on Saturday it ran a round-up of Trump's threats in the center of the front page, above the fold. It noted that Trump has vowed to expand presidential power, prosecute his political opponents, and crack down on immigration with mass deportations and detention camps. It went on to list his determination to undermine the North Atlantic Treaty Organization (NATO), use the U.S. military against Mexican drug cartels "in potential violation of international law," and use federal troops against U.S. citizens. It added that he plans to "upend trade" with sweeping new tariffs that will raise consumer prices, and to rein in regulatory agencies.  "To help achieve these and other goals," the paper concluded, "his advisers are vetting lawyers seen as more likely to embrace aggressive legal theories about the scope of his power."  On Sunday the front page of the New York Times opinion section read, in giant capital letters: "DONALD TRUMP/ SAYS HE WILL PROSECUTE HIS ENEMIES/ ORDER MASS DEPORTATIONS/ USE SOLDIERS AGAINST CITIZENS/ ABANDON ALLIES/ PLAY POLITICS WITH DISASTERS/ BELIEVE HIM." And then, inside the section, the paper provided the receipts: Trump's own words outlining his fascist plans. "BELIEVE HIM," the paper said.  On CNN's State of the Union this morning, host Jake Tapper refused to permit Trump's running mate, Ohio senator J.D. Vance, to gaslight viewers. Vance angrily denied that Trump has repeatedly called for using the U.S. military against Americans, but Tapper came with receipts that proved the very things Vance denied.  Trump's rally at Madison Square Garden began in the early afternoon. The hateful performances of the early participants set the tone for the rally. Early on, comedian Tony Hinchcliffe, who goes by Kill Tony, delivered a steamingly racist set. He said, for example: "There's literally a floating island of garbage in the middle of the ocean right now. I think it's called Puerto Rico." He went on: "And these Latinos, they love making babies too. Just know that. They do. They do. There's no pulling out. They don't do that. They come inside. Just like they did to our country." Hinchcliffe also talked about Black people carving watermelons instead of pumpkins.  The speakers who followed Hinchcliffe called Vice President Kamala Harris "the Antichrist" and "the devil." They called former secretary of state Hillary Clinton "a sick son of a b*tch," and they railed against "f*cking illegals." They insulted Latinos generally, Black Americans, Palestinians and Jews. Trump advisor Stephen Miller's claim that "America is for Americans and Americans only" directly echoed the statement of Adolf Hitler that "Germany is for Germans and Germans only."  Trump took the stage about two hours late, prompting people to stream toward the exits before he finished speaking. He hit his usual highlights, notably undermining Vance's argument from earlier in the day by saying that, indeed, he believes fellow Americans are "the enemy within."   But Trump perhaps gave away the game with his inflammatory language and with an aside, seemingly aimed at House speaker Johnson. "I think with our little secret we are gonna do really well with the House, right? Our little secret is having a big impact, he and I have a secret, we will tell you what it is when the race is over," Trump said.  It seems possible—probable, even—that Trump was alluding to putting in play the plan his people tried in 2020. That plan was to create enough chaos over the certification of electoral votes in the states to throw the election into the House of Representatives. There, each state delegation gets a single vote, so if the Republicans have control of more states than the Democrats, Trump could pull out a victory even if he had dramatically lost the popular vote. Since he has made virtually no effort to win votes in 2024, this seems his likely plan.  But to do that, he needs at least a plausibly close election, or at least to convince his supporters that the election has been stolen from him. Tonight's rally badly hurt that plan.  As Hinchcliffe was talking about Puerto Rico as a floating island of garbage, Democratic presidential nominee Vice President Kamala Harris was at a Puerto Rican restaurant in Philadelphia talking about her plan to spread her opportunity economy to Puerto Rico. She has called for strengthening Puerto Rico's energy grid and making it easier to get permits to build there.  After the "floating island of garbage" comment, Puerto Rican superstar musician Bad Bunny, who has more than 45 million followers on Instagram, posted Harris's plan for Puerto Rico, and his spokesperson said he is endorsing Harris.  Puerto Rican singer and actor Ricky Martin shared a clip from Hinchcliffe's set with his 16 million followers. His caption read: "This is what they think of us." Singer and actress Jennifer Lopez, who has 250 million Instagram followers, posted Harris's plan. Later, singer-songwriter and actress Ariana Grande posted that she had voted for Harris. Grande has 376 million followers on Instagram. Singer Luis Fonsi, who has 16 million followers, also called out the "constant hate." The headlines were brutal. "MAGA speakers unleash ugly rhetoric at Trump's MSG rally," read Axios. Politico wrote: "Trump's New York homecoming sparks backlash over racist and vulgar remarks." "Racist Remarks and Insults Mark Trump's Madison Square Garden Rally," the New York Times announced. "Speakers at Trump rally make racist comments, hurl insults," read CNN. But the biggest sign of the damage the rally did was the frantic backpedaling from Republicans in tight elections, who distanced themselves as fast as they could from the insults against Puerto Ricans, especially. The Trump campaign itself tried to distance itself from the "floating island of garbage" quotation, only to be met with comments pointing out that Hinchcliffe's set had been vetted and uploaded to the teleprompters.  As the clips spread like wildfire, political writer Charlotte Clymer pointed out that almost 6 million Puerto Ricans live in the states—about a million in Florida, half a million in Pennsylvania, 100,000 in Georgia, 100,000 in Michigan, 100,000 in North Carolina, 45,000 in Arizona, and 40,000 in Nevada—and that over half of them voted in 2020.  In 1939, as about 18,000 American Nazis rallied inside Madison Square Garden, newspapers reported that a crowd of about 100,000 anti-Nazis gathered outside to protest. It took 1,700 police officers, the largest number of officers ever before detailed for a single event, to hold them back from storming the venue. — Notes: https://www.reuters.com/investigates/special-report/usa-election-proudboys/ https://www.nytimes.com/2024/10/27/us/politics/kamala-harris-philadelphia-voters.html New York Times, October 26, 2024, p. 1. https://www.nytimes.com/interactive/2024/10/25/opinion/what-trump-says.html https://www.washingtonpost.com/business/2024/10/26/elon-musk-immigration-status/ https://kamalaharris.com/wp-content/uploads/2024/10/Fact-Sheet_Puerto-Rico_EN.pdf https://www.axios.com/2024/10/27/trump-madison-square-garden-rally https://www.politico.com/news/2024/10/27/trumps-madison-square-garden-racist-00185770 https://www.nytimes.com/live/2024/10/27/us/harris-trump-election https://www.mediaite.com/trump/trump-nyc-rally-speaker-jokes-about-black-people-carving-watermelons-and-puerto-rico-being-a-floating-pile-of-garbage/ Imperial Valley Press, February 21, 1939, p. 4. https://www.inquirer.com/opinion/commentary/washington-post-la-times-endorsements-trump-harris-20241027.html X: TeaPainUSA/status/1850277855135183022 LibbeyDean_/status/1850225746310320291 lifesafeast/status/1850541530685067715 AOC/status/1850649252642591209 juliettekayyem/status/1850545726423450102 MaxwellFrostFL/status/1850649928202375183 KamalaHQ/status/1850636070137762225 letsgomathias/status/1850612734347411953 shannonrwatts/status/1850628929113174477 Carrasquillo/status/1850643405971263796 cmclymer/status/1850647657662013587 yashar/status/1850656835575169145 AndrewLSeidel/status/1850702535159398527 DJJudd/status/1850692868265910436 Acyn/status/1850687521593962881 KateSullivanDC/status/1850650641640948181 Victorshi2020/status/1850701734706020556 BMeiselas/status/1850683055385534531 jason_kint/status/1850677514005336323 brianstelter/status/1850667210987241569 maddenifico/status/1850653571206811979 alecahernandez/status/1850701880730476895 ewagmeister/status/1850715694997901572 Share You're currently a free subscriber to Letters from an American. If you need help receiving Letters, changing your email address, or unsubscribing, please visit our Support FAQ. You can also submit a help request directly. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 Heather Cox Richardson 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

ANS -- HCR October 11, 2024 (Friday) history of economics and the Republican myth

Here is another one from Heather Cox Richardson.  This one explains why Republicans have an (underserved) reputation for being better with the economy than Democrats. Read it. 

--Kim

Heather Cox Richardson 

  · 

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October 11, 2024 (Friday)

A report from the Labor Department yesterday showed that inflation has dropped again, falling back to 2.4%, the same rate as it was just before the coronavirus pandemic. Today the Dow Jones Industrial Average jumped 400 points to a record high, while the S&P 500 closed above 5,800 for the first time.

Washington Post economics columnist Heather Long noted that "[b]y just about every measure, the U.S. economy is in good shape." Inflation is back down, growth remains strong at 3%, unemployment is low at 4.1% with the U.S. having created almost 7 million more jobs than it had before the pandemic. The stock market is hitting all-time highs. Long adds that "many Americans are getting sizable pay raises, and middle-class wealth has surged to record levels." The Federal Reserve has begun to cut interest rates, and foreign leaders are talking about the U.S. economy with envy.

Democratic presidential nominee and sitting vice president Kamala Harris has promised to continue the economic policies of the Biden-Harris administration and focus on cutting costs for families. She has called for a federal law against price gouging on groceries during times of crisis, cutting taxes for families, and enabling Medicare to pay for home health aides. She has proposed $25,000 in down payment assistance for first-time homebuyers and promised to work with the private sector to build 3 million new housing units by the end of her first term.

The Committee for a Responsible Federal Budget, which focuses on the direct effect of policies on the federal debt, estimated that Harris's plans would add $3.5 trillion to the debt.

Republican presidential nominee Donald Trump has promised to extend his 2017 tax cuts for the wealthy and corporations and to impose a 10% to 20% tariff across the board on imported goods and a 60% tariff on goods from China. Tariffs are taxes paid by American consumers, and economists predict such tariffs would cost an average family more than $2,600 a year. Overall, the effect of these policies would be to shift the weight of taxation even further toward middle-class and lower-class Americans and away from the wealthy.

The Committee for a Responsible Federal Budget estimates that these plans would add $7.5 trillion to the debt.

But there is more: Trump has also made deporting undocumented immigrants central to his promises, and his running mate, J.D. Vance, has claimed the right to determine which government policies he considers legal, threatening to expand deportation to include legal migrants, as well.

Michael Hiltzik of the Los Angeles Times noted on October 8 that in March, the Peterson Institute for International Economics pointed out that the immigrants Trump is targeting are vital to a number of U.S. businesses. Their loss will cause dramatic cutbacks in those sectors. Taken together, the study concluded, Trump's deportations, tariffs, and vow to take control of the Federal Reserve could make the country's gross domestic product as much as 9.7% lower than it would be without those policies, employment could fall by as much as 9%, and inflation would climb by as much as 7.4%.

And yet, in a New York Times/Siena Poll of likely voters released on October 8, 75% of respondents said the economy was fair or poor. Further, although a study by The Guardian showed that Harris's specific economic policies were more popular than Trump's in a blind test, 54% of respondents to a Gallup poll released on October 9, thought that Trump would manage the economy better than Harris would.

Part of Americans' sour mood about the economy stems from the poor coverage all the good economic news has received. Part of it is that rising prices are more immediately obvious than the wage gains that have outpaced them. But a large part of it is the historic habit of thinking that Republicans manage the economy better than Democrats do.

That myth began immediately after the Civil War when Democrats demanded the government renege on the generous terms under which it had floated bonds during the war. When the Treasury put those bonds on the market, they were a risky proposition, but with the United States secure after the war, calculations changed, and Democrats charged that investors had gotten too good a deal.

Republicans were horrified at the idea of changing the terms of a debt already incurred. They added to the Fourteenth Amendment the clause saying, "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." When that amendment was added to the Constitution in 1868, the Democrats' fiscal rebellion seemed to be quelled.

But as Republicans increasingly insisted that protecting big business with a high tariff wall was crucial to the American economy, Democrats called for lowering tariffs to give the consumers who paid them a break. In response, Republicans said that those suffering in industrial America were lazy or spendthrifts and warned that Democrats were socialists. When Democrats took control of both chambers of Congress and put Grover Cleveland in the White House in 1892 with a promise to lower tariffs, Republicans insisted that the economy would collapse. But, the Chicago Tribune wrote, "The working classes of the country need such a lesson…. The Republicans will be passive spectators… It will not be their funeral."

Their warnings of an impending collapse prompted investors to take their money home. On February 17, 1893, fifteen days before Cleveland would be sworn into office, the Reading Railroad Company went under, after which, as one reporter wrote, "the bottom seemed to be falling out of everything." By the time Cleveland took office, a financial panic was in full swing.

Republican lawmakers and newspapers blamed Democrats for the collapse because everyone knew they would destroy the economy. Republicans urged voters to put them back in charge of Congress, and in 1894, in a landslide, they did. "American manufacturers and merchants and business-men generally will draw a long breath of relief," the Chicago Tribune commented just days after the Republican victory. Republicans had successfully associated their opponents with economic disaster.

That association continued in the twentieth century. In 1913, for the first time since Cleveland's second term, the Democrats captured both Congress and the White House. Immediately, President Woodrow Wilson called for lowered tariff rates and, to make up for lost revenue, an income tax. Massachusetts senator Henry Cabot Lodge called the tariff measure "very radical" and warned that it would destroy all the industries in Massachusetts. As for the income tax, big-business Republicans claimed it was socialism and that it discriminated against the wealthy.

For the rest of the century, Republicans would center taxes, especially income taxes, as proof Democrats were bad for the economy. As soon as World War I ended, Republicans set out to get rid of the high progressive taxes that had paid for the war. Andrew Mellon, who served as treasury secretary under presidents Warren Harding, Calvin Coolidge, and Herbert Hoover, took office in 1921 and set out to increase productivity by increasing investment in industry. To free up capital, he said, the government must slash its budget and cut taxes. From 1921 to 1929, Mellon returned $3.5 billion to wealthy Americans through refunds, credits, and tax abatements.

The booming economy of the 1920s made it seem that the Republicans had finally figured out how to create a perpetually prosperous economy. When he accepted the 1928 Republican nomination for president, Herbert Hoover said: "We in America are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us…. [G]iven a chance to go forward with the policies of the last eight years, we shall soon, with the help of God, be in sight of the day when poverty will be banished from this nation."

The Great Depression, sparked by the stock market crash of October 1929, revealed the central weakness of an economic vision based in concentrating wealth. While worker productivity had increased by about 43% in the 1920s, wages did not rise. By 1929, 5% of the population received one third of the nation's income. When the stock market crash wiped out the purchasing power of this group, the rest of the population did not have enough capital to fuel the economy.

Mellon predicted that the crisis would "purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people." The Hoover administration preached thrift, morality, and individualism and blamed the depression on a wasteful government that had overstaffed public offices. To restore business confidence, Republicans declared, the nation must slash government spending and lay off public workers.

But most Americans had had enough of Republican economics, especially as the crash revealed deep corruption in the nation's financial system. In 1932, voters overcame their deep suspicion of Democratic economic policies to embrace what Democratic presidential candidate Franklin Delano Roosevelt called a "New Deal" for the American people, combating the depression by regulating business, providing a basic social safety net, and investing in infrastructure. Hoover denounced Roosevelt's plans as dangerous radicalism that would "enslave" taxpayers and destroy the United States.

Voters elected FDR with about 58% of the vote. Over the next forty years, Americans of both parties embraced the government's active approach to promoting economic growth and individual prosperity by protecting all Americans.

But when President Ronald Reagan took office in 1981, he promised that returning to a system like that of the 1920s would make the country boom. He called his system "supply-side" economics, for it invested in the supply side—investors—rather than the consumers who made up the demand side. "The whole thing is premised on faith," Reagan's budget director David Stockman told a reporter. "On a belief about how the world works."

Under Reagan, deficit spending that tripled the national debt from $995 billion to $2.9 trillion— more federal debt than in the entire previous history of the country— along with lower interest rates and deregulated savings and loan banks, made the economy boom. Americans watching the economic growth such deficit spending produced believed supply-side economics worked. Tax cuts and spending cuts became the Holy Grail of American politics, and the Democrats who opposed them seemed to be unable to run an economy.

But that belief was not based in reality. In April the nonpartisan Economic Policy Institute found that since 1949 the nation's annual real growth has been 1.2 percentage points higher under Democratic administrations than under Republican administrations (3.79% versus 2.60%), total job growth averages 2.5% annually under Democrats compared to barely over 1% under Republicans, business investment is more than double the pace under Democrats than under Republicans, average rates of inflation are slightly lower under Democrats, and families in the bottom 20% of the economy experience income growth 188% faster under Democrats than under Republicans.

A recent analysis by former Goldman Sachs managing director H. John Gilbertson expands on those numbers, showing that Democratic administrations reduce the U.S. budget deficit and that stock market returns are 60% higher under Democrats than under Republicans.

Democratic President Joe Biden returned the country to the proven system that worked before 1981, and the economy has boomed. While Trump has vowed to return to the tax cuts and deregulation of supply-side economics, Vice President Harris has promised to retain and fine-tune Biden's policies.

But Harris has to overcome more than a century of American mythmaking.