192
   

monitoring Trump and relevant contemporary events

 
 
Brand X
 
  2  
Wed 20 Dec, 2017 03:28 pm
What the what?

'Fifth Third Bancorp in Cincinnati, Ohio, will pay more than 13,500 employees a bonus and raise the minimum wage for its workforce to $15 after the passage of the GOP tax plan that will cut the bank's corporate tax rate.

It is the second company to announce a bonus for employees because of the tax plan. AT&T said earlier on Wednesday it would pay 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.

Fifth Third said the tax cut allowed it to reevaluate its employee pay and pass along some of the windfall. Nearly 3,000 workers will see hourly wages rise to $15. The $1,000 one-time bonus is expected to be paid by the end of this year, the bank said, assuming President Trump signs it by Christmas.'

https://www.cnbc.com/2017/12/20/fifth-third-bancorp-unveils-bonuses-minimum-wage-hike-after-tax-bill-passage.html?__source=facebook%7Cmain
maporsche
 
  4  
Wed 20 Dec, 2017 03:38 pm
@Brand X,
Very good news for those employees. The AT&T bonus is a 1 time only thing though, even though the tax changes are permanent.

Obviously many companies will do something similar. Most though, probably won't.
0 Replies
 
Brand X
 
  1  
Wed 20 Dec, 2017 03:42 pm
Contagion. I want to see the CEO raises.

'SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced an expansion of its ongoing investments in team members, communities, small businesses, and homeownership, pledging the following actions once tax reform is signed into law:

Raising the minimum hourly pay rate for its team members to $15 per hour.
Targeting $400 million in donations to community and nonprofit organizations in 2018. The company also announced that beginning in 2019, it will target 2 percent of its after-tax profits for corporate philanthropy.
As part of this expanded philanthropy, targeting $100 million in capital and other resources over the next three years to support the growth of diverse small businesses and $75 million in 2018 to its NeighborhoodLIFT® program, an innovative public-private collaboration focused on sustainable homeownership and neighborhood revitalization.
“We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners,” said President and CEO Tim Sloan. “We look forward to identifying additional opportunities for Wells Fargo to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders. As the nation’s largest small business lender and residential mortgage provider, we understand our significant role in helping grow the economy.”'

https://www.businesswire.com/news/home/20171220006100/en/Wells-Fargo-Raise-Minimum-Hourly-Pay-Rate
0 Replies
 
ehBeth
 
  2  
Wed 20 Dec, 2017 03:46 pm
apparently $15 isn't mission impossible

whoodathunkit

there's some grand twitter mining going on Cool
maporsche
 
  2  
Wed 20 Dec, 2017 04:09 pm
@ehBeth,
The Republicans will say that $15 is only possible because of the 40% tax decrease. That's not something Clinton would have done.

That and it was never going to be a problem for huge employers like Wells Fargo, but rather a problem for mom & pop shops.
Brand X
 
  1  
Wed 20 Dec, 2017 04:22 pm
@maporsche,
The banking sector is one of the most advantaged business sectors under the new tax plan. Maybe they were able to get the most lobbyists in McConnell's office.
0 Replies
 
Builder
 
  0  
Wed 20 Dec, 2017 04:39 pm
@Olivier5,
Quote:
It's the ideology of Milton Friedman, of economic deregulation. And yes, it's considered a rightist ideology.


Partly correct. It's also rightly been described as disaster capitalism, using a ploy recognized as the shock doctrine, where the ruling power creates a major problem, lets the problem manifest widely, creating civil chaos, then seemingly provides a "fix" for the problem they created originally. The 2007-8 financial crisis was such an event, and that occurred on Obama'a watch. The mechanism/s put in place to allow the situation, were not on his watch.

Naomi Klein put together an historical documentary showing the march of neoliberalism, with Friedman's Chicago school of economic theories closely scrutinized. Trickle-down theory being the least problematic.

The documentary is here, if you'd like a closer look.

The political descriptors have been deliberately muddled, to confuse and distract. That, too, is an old ploy.


0 Replies
 
layman
 
  -4  
Wed 20 Dec, 2017 04:49 pm
Apparently McCabe didn't fare so well with his testimony, eh?

Quote:
McCabe draws blank on Democrats’ funding of Trump dossier, new subpoenas planned

EXCLUSIVE: Congressional investigators tell Fox News that Tuesday’s seven-hour interrogation of Deputy FBI Director Andrew McCabe contained numerous conflicts with the testimony of previous witnesses, prompting the Republican majority staff of the House Intelligence Committee to decide to issue fresh subpoenas next week on Justice Department and FBI personnel.

“It’s hard to know who’s telling us the truth,” said one House investigator after McCabe’s questioning.

The sources said that when asked when he learned that the dossier had been funded by the Hillary Clinton campaign and the Democratic National Committee, McCabe claimed he could not recall – despite the reported existence of documents with McCabe’s own signature on them establishing his knowledge of the dossier’s financing and provenance.

Investigators say McCabe recounted to the panel how hard the FBI had worked to verify the contents of the anti-Trump “dossier” and stood by its credibility. But when pressed to identify what in the salacious document the bureau had actually corroborated, the sources said, McCabe cited only the fact that Trump campaign adviser Carter Page had traveled to Moscow. Beyond that, investigators said, McCabe could not even say that the bureau had verified the dossier’s allegations about the specific meetings Page supposedly held in Moscow.


http://www.foxnews.com/politics/2017/12/20/mccabe-draws-blank-on-democrats-funding-trump-dossier-new-subpoenas-planned.html

So, McCabe "stands by the credibility" of the dossier, nothwithstanding the fact that he can't verify any of it, eh? Surprise, surprise.

It looks like it gunna take some serious water-boarding to get the truth out of some of these corrupt FBI officials, eh?



0 Replies
 
blatham
 
  2  
Wed 20 Dec, 2017 04:52 pm
@Walter Hinteler,
Quote:
For someone living lifelong in a system with more than two parties...
That's a good point, Walter.

Quote:
Besides that, we still aren't at the level of insults and slander, false accusations and suspicions of political opponents and their followers as is done in the USA (quite a bit of that would [still] be punishable here).
It really helps to have Rupert Murdoch messing about in a country for it's political discourse to turn into ****. But what do you mean by "punishable"?
0 Replies
 
blatham
 
  2  
Wed 20 Dec, 2017 04:54 pm
@revelette1,
Thank you.
0 Replies
 
blatham
 
  2  
Wed 20 Dec, 2017 05:07 pm
@ehBeth,
Quote:
@Walter Hinteler,
yup. it really seems to be a curiously American situation/phenomenon. every time says that Canada and the US are so similar/can't tell them apart, I suggest they look at politics/media. couldn't be more different. I guess it's part what of fascinates me - on top of being a politics nerd since I was a kid
Yes. This set of differences is certainly part of why I too am fascinated. It is interesting to imagine what might happen if Americans were as generally familiar with Canadian politics and history as Canadians are generally familiar with the US. One of the deep ironies here is that this lack of interest/knowledge is a consequence of America's unique history and politics.
blatham
 
  3  
Wed 20 Dec, 2017 05:10 pm
@hightor,
Imagine being stupid enough or selfish enough that someone would advance or believe the notion that allowing corporations to do as they wish will take us all to the promised land.
0 Replies
 
blatham
 
  3  
Wed 20 Dec, 2017 05:20 pm
@revelette1,
Quote:
I think these labels [like neoliberal] are silly.

The study of similarities and differences in political theories is fine and indeed is necessary. But that's as a well-intentioned intellectual endeavor.

What seems to screw things up is the purposeful political attempts to use/mis-use such terms to make people stupider and to make people hate or fear some target. And add to that the fact that most people are intellectually lazy (or uninterested or busy). It is certainly my experience that the number of people who misunderstand what "neoconservative" means is greater than those who do understand.
ehBeth
 
  2  
Wed 20 Dec, 2017 05:22 pm
@blatham,
Get the library to pull a copy of a Pierre Berton chestnut - Why We Act Like Canadians - for you. A bit dated but some truisms continue. Worth the time.

After all, Pierre did write .... A Canadian is someone who knows how to have sex in a canoe.

https://www.theglobeandmail.com/opinion/how-i-became-a-real-canadian/article787368/
blatham
 
  2  
Wed 20 Dec, 2017 05:32 pm
@ehBeth,
I've got it bookmarked (way behind in my reading).
Quote:
After all, Pierre did write .... A Canadian is someone who knows how to have sex in a canoe.
I note this because it seems to have a satisfying symmetry... I once had sex with Pierre's niece on a sandbar in the Fraser River.
0 Replies
 
blatham
 
  4  
Wed 20 Dec, 2017 05:35 pm
This. Actually. Happened. Today.
Quote:
THE PRESIDENT: Mike, would you like to say a few words?

THE VICE PRESIDENT: Well, I appreciate it Mr. President. As I told you last night, shortly after the Senate vote — I know I speak on behalf of the entire Cabinet and of millions of Americans when I say, congratulations and thank you.

THE PRESIDENT: Thank you.

THE VICE PRESIDENT: Thank you for seeing, through the course of this year, an agenda that truly is restoring this country. You described it very well, Mr. President. From the outset of this administration, we’ve been rebuilding our military, putting the safety and security of the American people first.

You’ve restored American credibility on the world stage. We’re standing with our allies. We’re standing up to our enemies.

But you promised economic renewal at home. You said we could make this economy great again, and you promised to roll back regulations, and you’ve signed more bills rolling back federal red tape than any President in American history. You’ve unleashed American energy. You’ve spurred an optimism in this country that’s setting records.

But you promised the American people in that campaign a year ago that you would deliver historic tax cuts, and it would be a “middle-class miracle.” And in just a short period of time, that promise will be fulfilled.

And I just — I’m deeply humbled, as your Vice President, to be able to be here. Because of your leadership, Mr. President, and because of the strong support of the leadership in the Congress of the United States, you’re delivering on that middle-class miracle.

You’ve actually got the Congress to do, as you said, what they couldn’t do with ANWR for 40 years. You got the Congress to do, with tax cuts for working families and American businesses, what they haven’t been able to do for 31 years. And you got Congress to do what they couldn’t do for seven years, in repealing the individual mandate in Obamacare.

I know you would have me also acknowledge the people around this table, Mr. President. I want to thank the leaders in Congress once again for their partnership in this. I want to thank your outstanding team, your Secretary of the Treasury, Steven Mnuchin, for Gary Cohn, for Ivanka Trump, for your great legislative team — all the members of this Cabinet who partnered to drive your vision forward over the past six months after you laid out that vision for tax reform.

But mostly, Mr. President, I’ll end where I began and just tell you, I want to thank you, Mr. President. I want to thank you for speaking on behalf of and fighting every day for the forgotten men and women of America. Because of your determination, because of your leadership, the forgotten men and women of America are forgotten no more. And we are making America great again.

THE PRESIDENT: Thank you, Mike. That’s very nice. I appreciate that.

THE VICE PRESIDENT: Thank you, Mr. President, and God bless you.

layman
 
  -4  
Wed 20 Dec, 2017 05:38 pm
@blatham,
Quote:
This. Actually. Happened. Today.


On nationwide TV, no less. Ed MacMann (Johny Carson's flunky, however ya spell it) aint got nuthin on Pence.

Free advertising ROCKS, eh!?
0 Replies
 
ehBeth
 
  2  
Wed 20 Dec, 2017 05:40 pm
@blatham,
that whole thing is pretty gross

gotta wonder who's left on this team

Quote:
We’re standing with our allies.


certainly no one on the UN security council
0 Replies
 
Sturgis
 
  2  
Wed 20 Dec, 2017 05:41 pm
@blatham,
Quote:
This actually. Happened. Today.



That was certainly dreadful enough. Luckily I had a barf bag nearby.
0 Replies
 
blatham
 
  3  
Wed 20 Dec, 2017 06:22 pm
I've never seen anything like that before. Not in politics. The closest is a Scientologist talking about Hubbard or Squeeky Froome talking about Charlie.
 

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