13
   

Monitoring Biden and other Contemporary Events

 
 
Frank Apisa
 
  3  
Reply Sat 22 Jul, 2023 04:18 am
@Bogulum,
Bogulum wrote:

hightor wrote:

You won't find me attacking him. But I can't help seeing this as a slowly unfolding electoral disaster.


Hi, Hightor. It's me, the artist formerly known as Snood. Wink

Hey, could you walk me through the steps of how you see this unfolding as an electoral disaster?


Okay...this answers many of my questions...about Snood. As for Hightor's answer to your question...I am of the same mind as he on this. It would be very dangerous to underestimate the chances of the GOP winning next year. The margin of victory for Biden in 2020 was huge (over 7,000,000 votes)...but as we all know, that popular vote means very little in our Constitutionally conservative-biased nation. Some key states like Georgia and Arizona were won with very fragile majorities. Michigan, Pennsylvania, Nevada, and Wisconsin were close.

And the GOP has worked very hard to stack the deck in toss-up states. They are going to make sure that as few people as possible vote, which almost always favors them.

Really good to see you back.
0 Replies
 
hightor
 
  3  
Reply Sun 23 Jul, 2023 03:36 am
Absolutely mind-boggling...and truly pernicious:

Quote:
The Florida Board of Education approved new state social studies standards on Wednesday, including standards for African American history, civics and government, American history, and economics. Critics immediately called out the middle school instruction in African American history that includes “how slaves developed skills which, in some instances, could be applied for their personal benefit.” (p. 6). They noted that describing enslavement as offering personal benefits to enslaved people is outrageous.

But that specific piece of instruction in the 216-page document is only a part of a much larger political project.

Taken as a whole, the Florida social studies curriculum describes a world in which the white male Founders of the United States embraced ideals of liberty and equality—ideals it falsely attributes primarily to Christianity rather than the Enlightenment—and indicates the country’s leaders never faltered from those ideals. Students will, the guidelines say, learn “how the principles contained in foundational documents contributed to the expansion of civil rights and liberties over time” (p. 148) and “analyze how liberty and economic freedom generate broad-based opportunity and prosperity in the United States” (p. 154).

The new guidelines reject the idea that human enslavement belied American principles; to the contrary, they note, enslavement was common around the globe, and they credit white abolitionists in the United States with ending it (although in reality the U.S. was actually a late holdout). Florida students should learn to base the history of U.S. enslavement in “Afro-Eurasian trade routes” and should be instructed in “how slavery was utilized in Asian, European, and African cultures,” as well as how European explorers discovered “systematic slave trading in Africa.” Then the students move on to compare “indentured servants of European and African extraction” (p. 70) before learning about overwhelmingly white abolitionist movements to end the system.

In this account, once slavery arrived in the U.S., it was much like any other kind of service work: slaves performed “various duties and trades…(agricultural work, painting, carpentry, tailoring, domestic service, blacksmithing, transportation).” (p. 6) (This is where the sentence about personal benefit comes in.) And in the end, it was white reformers who ended it.

This information lies by omission and lack of context. The idea of Black Americans who “developed skills” thanks to enslavement, for example, erases at the most basic level that the history of cattle farming, river navigation, rice and indigo cultivation, southern architecture, music, and so on in this country depended on the skills and traditions of African people.

Lack of context papers over that while African tribes did practice enslavement, for example, it was an entirely different system from the hereditary and unequal one that developed in the U.S. Black enslavement was not the same as indentured servitude except perhaps in the earliest years of the Chesapeake settlements when both were brutal—historians argue about this— and Indigenous enslavement was distinct from servitude from the very beginning of European contact. Some enslaved Americans did in fact work in the trades, but far more worked in the fields (and suggesting that enslavement was a sort of training program is, indeed, outrageous). And not just white abolitionists but also Black abolitionists and revolutionaries helped to end enslavement.

Taken together, this curriculum presents human enslavement as simply one of a number of labor systems, a system that does not, in this telling, involve racism or violence.

Indeed, racism is presented only as “the ramifications of prejudice, racism, and stereotyping on individual freedoms.” This is the language of right-wing protesters who say acknowledging white violence against others hurts their children, and racial violence is presented here as coming from both Black and white Americans, a trope straight out of accounts of white supremacists during Reconstruction (p. 17). To the degree Black Americans faced racial restrictions in that era, Chinese Americans and Japanese Americans did, too (pp. 117–118).

It’s hard to see how the extraordinary violence of Reconstruction, especially, fits into this whitewashed version of U.S. history, but the answer is that it doesn’t. In a single entry an instructor is called to: “Explain and evaluate the policies, practices, and consequences of Reconstruction (presidential and congressional reconstruction, Johnson's impeachment, Civil Rights Act of 1866, the 13th, 14th, and 15th Amendments, opposition of Southern whites to Reconstruction, accomplishments and failures of Radical Reconstruction, presidential election of 1876, end of Reconstruction, rise of Jim Crow laws, rise of Ku Klux Klan)” (p. 104).

That’s quite a tall order.

But that’s not the end of Reconstruction in the curriculum. Another unit calls for students to “distinguish the freedoms guaranteed to African Americans and other groups with the 13th, 14th, and 15th Amendments to the Constitution…. Assess how Jim Crow Laws influenced life for African Americans and other racial/ethnic minority groups…. Compare the effects of the Black Codes…on freed people, and analyze the sharecropping system and debt peonage as practiced in the United States…. Review the Native American experience” (pp. 116–117).

Apparently, Reconstruction was not a period that singled out the Black population, and in any case, Reconstruction was quick and successful. White Floridians promptly extended rights to Black people: another learning outcome calls for students to “explain how the 1868 Florida Constitution conformed with the Reconstruction Era amendments to the U.S. Constitution (e.g., citizenship, equal protection, suffrage)” (p. 109).

All in all, racism didn’t matter to U.S. history, apparently, because “different groups of people ([for example] African Americans, immigrants, Native Americans, women) had their civil rights expanded through legislative action…executive action…and the courts.”

The use of passive voice in that passage identifies how the standards replace our dynamic and powerful history with political fantasy. In this telling, centuries of civil rights demands and ceaseless activism of committed people disappear. Marginalized Americans did not work to expand their own rights; those rights “were expanded.” The actors, presumably the white men who changed oppressive laws, are offstage.

And that is the fundamental story of this curriculum: nonwhite Americans and women “contribute” to a country established and controlled by white men, but they do not shape it themselves.

hcr
Bogulum
 
  3  
Reply Sun 23 Jul, 2023 04:19 am
@hightor,
Something about Desantis that makes what he's doing in the schools even more despicable (and pernicious) is that he has a degree in HISTORY from Yale. So it's not out of ignorance that he's helping to create these false narratives to teach children - it's a cold calculation. What boggles my mind about that is when I try to suss out why... To what end would a governor intentionally mislead children about the racial history of this country?
The answers I get are all very dark and saddening... and so ******* infuriating.
hightor
 
  4  
Reply Sun 23 Jul, 2023 06:50 am
@Bogulum,
They keep trotting out an idiotic defense along the lines of not wanting to make white kids feel bad. There's this whole thing going on where cultural reactionaries seem to think this is their moment to roll back the hands of the clock and undo every gain made by minorities, the underprivileged, and any other group which has historically faced discrimination. It's the infantilization of history, watering down the importance of real events and offering feel-good pablum for the masses, in the hope that any culturally-incriminating truth is either forgotten or marginalized to the point of obscurity. I don't want to come off as paranoid, but I do think a lot of this has been exacerbated by the Kremlin with its armies of trolls spreading divisive misinformation. But at root, it's deeply embedded in the heart of this country's mythology – the last best hope of (white) mankind, the shining (segregated) city on the hill, the chosen (white) people.
bobsal u1553115
 
  1  
Reply Sun 23 Jul, 2023 06:56 am
@hightor,
Got to agree with a lot of that, too. Excuses and excuses and excuses to sweep history and people under the carpet. Shameful.
0 Replies
 
bobsal u1553115
 
  1  
Reply Sun 23 Jul, 2023 06:58 am
@Bogulum,
He's minimizing people, demeaning their existence and white washing the evil of their experience.
0 Replies
 
Frank Apisa
 
  3  
Reply Sun 23 Jul, 2023 07:05 am
@Bogulum,
Bogulum wrote:

Something about Desantis that makes what he's doing in the schools even more despicable (and pernicious) is that he has a degree in HISTORY from Yale. So it's not out of ignorance that he's helping to create these false narratives to teach children - it's a cold calculation. What boggles my mind about that is when I try to suss out why... To what end would a governor intentionally mislead children about the racial history of this country?
The answers I get are all very dark and saddening... and so ******* infuriating.


Not sure why DeSantis is doing what he is doing, but I see why he thinks some of that garbage will help him in a Republican Party primary. He may be an asshole...but he is attempting to appeal to even more assy assholes.

I cannot adequately express how disgusted I am that he is of Italian descent. At least, though, he is not from New Jersey. Alito, a guy I also am disgusted that he is of Italian descent...is from NJ. Alito must use Preparation H as body wash.
Region Philbis
 
  6  
Reply Sun 23 Jul, 2023 07:07 am

https://iili.io/HQA712f.jpg
0 Replies
 
Bogulum
 
  3  
Reply Sun 23 Jul, 2023 07:31 am
@Frank Apisa,
I’m stealing “assy assholes”
BillW
 
  2  
Reply Sun 23 Jul, 2023 07:44 am
@Bogulum,
Bogulum wrote:

I’m stealing “assy assholes”

.....and, "use (of) Preparation H as body wash" 😊
0 Replies
 
bobsal u1553115
 
  2  
Reply Mon 24 Jul, 2023 05:57 am
https://pbs.twimg.com/media/F1uzsf4XsAA7NNu?format=jpg&name=900x900
0 Replies
 
bobsal u1553115
 
  2  
Reply Mon 24 Jul, 2023 07:27 am
Black man says he was elected mayor of Alabama town alleges White leaders keeping him from position

BY KERRY BREEN

UPDATED ON: JULY 22, 2023 / 1:06 PM / CBS NEWS

A Black man who says he was elected mayor of a rural Alabama town but has been kept from taking office by White leaders of the town has filed a federal civil rights lawsuit.

Patrick Braxton, 57, is one of several plaintiffs named in Braxton et al v. Stokes et al. The other plaintiffs — James Ballard, Barbara Patrick, Janice Quarles and Wanda Scott — are people that Braxton hoped to name to the city council of Newburn after he was elected to office in 2020. However, Braxton said that the "minority White residents of (Newburn), long accustomed to exercising total control over the government, refused to accept this outcome." Haywood Stokes III, the acting mayor of Newburn, instead allegedly worked with acting town council members to hold a special election where he was re-appointed to the mayoral seat and keeping Braxton from taking office and carrying out mayoral duties.

Braxton said in the lawsuit, which CBS News reviewed, that Newbern had not held an election "for decades." Instead, "the office of mayor was 'inherited' by a hand-picked successor," and that mayor then chose town council members, again without an election. All prior mayors have been White residents, the lawsuit said, even though about 85% of Newbern's population is Black. Only one Black person has ever served on the town council.

Braxton, a volunteer firefighter and emergency responder, decided to run for mayor in 2020 because he "had concerns that the Town Council and Mayor were not responding to the needs of the majority Black community," particularly amid the COVID-19 pandemic. When he approached Stokes for information about running for mayor, Stokes allegedly gave Braxton "wrong information about how to qualify" for the election, and did not provide public notice to residents about the election. Despite these hurdles, Braxton allegedly gave then-city clerk Lynn Williams his statement of candidacy and qualifying money order.

Excerpt:
In a response to Braxton's lawsuit, reviewed by CBS News, Stokes and his council "admit that Plaintiff Patrick Braxton is Black and is the former Mayor of the Town of Newbern," and denied many of the allegations. The defendants did admit that Braxton was the only person to qualify for mayor, and that no other candidates qualified for mayor or council membership. They admitted that a special election was held to put themselves in town council positions, and "admit that Defendant Stokes became Mayor of the Town of Newbern after Plaintiff Braxton lost the position by operation of law."

https://www.cbsnews.com/news/patrick-braxton-black-man-says-he-was-elected-mayor-of-newburn-alabama/
Bogulum
 
  2  
Reply Mon 24 Jul, 2023 07:54 am
@bobsal u1553115,
The wording of this story throws me. The man was either duly elected or not. But, they choose to go with “he says” he was elected.
0 Replies
 
glitterbag
 
  1  
Reply Mon 24 Jul, 2023 03:40 pm
@Bogulum,
Bogulum wrote:

I’m stealing “assy assholes”


Me too! It's very descriptive and very exciting.
0 Replies
 
hightor
 
  4  
Reply Tue 25 Jul, 2023 03:42 am
Quote:
Today, Israel’s parliament passed a law that increases the power of the country’s right wing, headed by prime minister Benjamin Netanyahu. Israel does not have a written constitution, and the prime minister’s ruling coalition is in control of both the executive and the legislative branches of government. The only check on them was the courts, which could overturn extreme laws that did not pass a “reasonableness standard,” which means they were not made according to a basic standard of fair and just policymaking.

The new law aims to take away that judicial power, and it passed by a vote of 64–0 after opponents walked out in protest. Netanyahu’s coalition has indicated it intends to continue to weaken the institutions that can check it. “This is just the beginning,” said National Security Minister Itamar Ben-Gvir.

For 13 of the last 14 years, Netanyahu, who is under indictment for bribery, fraud, and breach of trust, has been Israel’s prime minister. Israeli democracy has weakened under him, in part because, as Zach Beauchamp of Vox explains, his support for Israeli settlement of the West Bank has fed an aggressive right-wing nationalist movement.

Netanyahu was turned out of the position briefly by a fragile coalition in 2021 but returned to power in December 2022 at the head of a coalition made up of ultranationalist and ultrareligious parties. That coalition commands just 64 out of 120 seats, a bare majority, in the Knesset, Israel’s unicameral legislature, which passes laws and runs the government.

As soon as the coalition formed, it announced its intention of reforming the judiciary to weaken it significantly. It also backed taking over the West Bank and limiting the rights of Palestinians, LGBTQ individuals, and secular Israelis. In early July the government launched a massive attack on the refugee camp in the city of Jenin in the occupied West Bank that killed at least 8 Palestinians and wounded 50 others, saying the camp contained a militant command center.

Secular and center-left Jewish Israelis flooded the streets to protest as soon as the coalition announced its attack on the judiciary, and they have continued to protest for 29 weeks. Last Saturday, military leaders wrote to Netanyahu, blaming him personally for the damage done to the military and to Israel’s national security, and demanding that he stop. “We, veterans of Israel’s wars,… are raising a blaring red stop sign for you and your government.” Thousands of Israeli military reservists warned they would not report for duty if the judicial overhaul plan passed, dramatically weakening the country’s national security.

If the far-right coalition destroys the independence of the judiciary, it will have kneecapped the courts that could convict Netanyahu. It could also rig future elections by, for example, barring Arab parties from participating, thus cementing its hold on power.

The United States was the first nation to recognize Israel 75 years ago and has been a staunch supporter ever since, to the tune of nearly $4 billion a year. But the country’s rightward lurch is testing the strength of that bond.

Netanyahu has politicized the two countries’ bonds, openly siding with Trump and Trump Republicans, who continue to offer him their support. President Joe Biden has staunchly supported Israel for 50 years but recently has warned Netanyahu personally against pushing court reform, and last week he took the extraordinary step of inviting New York Times columnist Thomas L. Friedman to the Oval Office to make his message clear. Biden told Friedman that Israel’s lawmakers should not make fundamental changes to the country’s government without a popular consensus. The White House called today’s vote “unfortunate.”

Nonetheless, the administration has repeatedly emphasized that the U.S.-Israel relationship is “ironclad,” although White House press secretary Karine Jean-Pierre reiterated that “the core of that relationship is…on democratic values, the shared democratic values and interests.” In the Daily Beast today, David Rothkopf argued that Israel has abandoned those democratic values and thus has ended “America’s special relationship with Israel.” That damage “cannot be easily undone,” he writes. “A relationship built on shared values cannot be easily restored once it is clear those values are no longer shared.”

Two former U.S. ambassadors to Israel, Dan Kurtzer and Martin Indyk, have called for the U.S. to cut military aid to that country, saying it is time to develop a new approach to the relationship. At the New York Times, columnist Nicholas Kristof points out that Israel is a wealthy country and that U.S. aid is essentially “a backdoor subsidy to American military contractors.”

In order to stay in power and avoid his legal trouble, Netanyahu must cater to his country’s hard right, no matter the cost to the nation. In the Washington Post today, columnist Max Boot noted that Netanyahu is undermining Israeli democracy, risking Israel’s relationship with the U.S., and threatening to spark a violent uprising among West Bank Palestinians.

In the U.S. today, after Texas governor Greg Abbott responded to the Justice Department’s letter warning him his buoys and razor wire in the Rio Grande were illegal by telling the government he would see it in court, the Department of Justice filed a civil complaint against the state of Texas on the same grounds it cited in the letter: the deployment of barriers breaks the Rivers and Harbors Act. It also threatens to damage U.S. foreign policy by breaking international treaties with Mexico, and foreign policy is exclusively the responsibility of the federal government.

Today the Department of Justice also agreed to permit U.S. attorney David Weiss to testify before the House Judiciary Committee…but with a twist. Weiss is the Trump-appointed official in charge of investigating President Joe Biden’s son Hunter Biden. In response to Weiss’s decision to charge Biden with two misdemeanor tax offenses and permit a pretrial diversion agreement with regard to a firearms charge, Trump Republicans have spread widely the accusations of two Internal Revenue Service investigators that Attorney General Merrick Garland tied Weiss’s hands. (As far as I can tell, these witnesses are not official whistleblowers, a designation that would mean the inspector general has agreed their accusations have merit.)

Weiss has publicly denied that accusation twice, but committee chair Jim Jordan (R-OH), Ways and Means Committee chair Jason Smith (R-MO), and Oversight Committee chair James Comer (R-KY) have demanded that Weiss, as well as more than a dozen other officials, testify before their committees.

But while the committee chairs have asked for closed-door testimony, the Justice Department today said it will make Weiss available for a public hearing, writing: “The Department believes it is strongly in the public interest for the American people and for Congress to hear directly from U.S. Attorney Weiss on these assertions and questions about his authority at a public hearing.” The Justice Department has proposed a number of dates for that hearing immediately after the House comes back from its August recess.

Russia continues to bomb the Ukrainian port city of Odesa, targeting agricultural infrastructure. Putin seems to have decided that if he can’t have Odesa, neither can anyone else. On Friday, Russia destroyed 100 tons of peas and 20 tons of barley in Odesa. Russia’s attacks on Ukrainian grain facilities just as the wheat harvest begins have spiked global grain prices and threatened food exports to Africa, which Russia has suggested it could take over itself. Russia’s attacks on Ukraine have badly damaged the country’s agricultural capacity, a blow to global food supplies. Today, Klaus Iohannis, the president of Romania, said he “strongly condemn[s]” Russian attacks on grain transit after Russians hit the port of Reni on the Romanian border.

Russia’s attacks on the city have also badly damaged famous cultural sites, earning condemnation in “the strongest terms” from the United Nations Educational, Scientific and Cultural Organization (UNESCO). Such attacks on Ukraine’s infrastructure and cultural treasures are another attempt to swing the war in Russia’s direction.

And on Friday, Russian officials announced they are raising the maximum age that men can be conscripted into military service from 27 to 30 years old.

hcr
0 Replies
 
hightor
 
  3  
Reply Wed 26 Jul, 2023 02:49 am
Quote:
President Biden’s determination to “build the economy from the middle out and the bottom up,” appears to be paying off. Last Friday the global financial services company Morgan Stanley credited Biden’s policies with driving a boom in large-scale infrastructure and manufacturing, a boom large enough that Morgan Stanley revised its gross domestic product growth projections upward to 1.9%, a projection almost four times higher than its original projection.

Analysts doubled their projections for the fourth quarter, and raised forecasts for next year, as well. “The economy in the first half of the year is growing much stronger than we had anticipated,” Morgan Stanley’s chief U.S. economist Ellen Zentner wrote.

Part of their reasoning comes from a surge in manufacturing construction across the country thanks to the Bipartisan Infrastructure Law, which invests in roads, bridges, and other “hard” infrastructure projects; the Inflation Reduction Act, which invests in addressing climate change; and the CHIPS and Science Act, which invests in science and semiconductor chip manufacturing. During the 2010s, manufacturing construction generally held at about $50–80 billion a year. Now it is at $189 billion, with private investment following the government investment.

In half of the U.S. states, job creation is strong and unemployment is at or near 50-year lows, while lowering inflation rates has helped U.S. consumer confidence to rise to its highest level in two years (an important marker because consumer spending makes up about 70% of U.S. economic activity).

Today, the Teamsters union announced it has reached an agreement with United Parcel Service to avoid a major strike of as many as 340,000 workers. The tentative five-year agreement increases wages, including those for part-time employees, which was a sticking point in negotiations. Teamsters members still need to approve this deal, but Biden applauded the two sides for reaching an agreement by negotiating in good faith.

The agreement, Biden said, is “a testament to the power of employers and employees coming together to work out their differences at the bargaining table in a manner that helps businesses succeed while helping workers secure pay and benefits they can raise a family on and retire with dignity and respect.”

At the Economic Innovation Group, a bipartisan organization devoted to building a more dynamic U.S. economy, Daniel Newman reported yesterday that “individuals filed nearly 2.7 million applications to start a business between January and June of this year, a 5 percent increase over 2022 and a staggering 52 percent increase over the same period in 2019.” He noted that “[t]he durability and growth of the startup surge is quite striking” and that nearly every major industry sector is participating in it.

Historically, Newman notes, “there is a tight correlation between the number of applications and true business formation.” “The sustained boost to entrepreneurship observed across much of the country since 2020 should produce a sense of optimism for a healthier, more dynamic economy in the coming years.”

Biden has always emphasized the importance of a healthy economy that gives workers breathing room and the ability to live with dignity.

But the administration’s reworking of the nation has not stopped there. Vice President Kamala Harris has stood firm on visibly honoring the nation’s commitment to equality before the law, and Biden has followed suit. Together, they have recalled the multicultural vision of the years from World War II to 1980, when the nation celebrated the power of its diversity.

On July 16, Harris spoke in Chicago at the retirement of the Reverend Jesse Jackson from the Rainbow/PUSH Coalition, a civil rights organization he founded in 1971. Celebrating Jackson’s storied career, from his years as a protege of the Reverend Martin Luther King, Jr., to creating Rainbow/PUSH, to running for president and critiquing the policies of the Republican Party, Harris noted that Jackson’s work rested on “the belief that the diversity of our nation is not a weakness or an afterthought, but instead, our greatest strength.”

“In his life’s work,” she said, Jackson “has reinforced that no matter who we are or where we come from, we have so much more in common than what separates us.” Jackson “has [brought] and continues to bring together people of all backgrounds: Black Americans, Asian Americans, Latino Americans, farmers, LGBTQ+ Americans, Native Americans, women, labor union members, people with disabilities, our young leaders, and people around the world.”

He created “[a] coalition to push the values of democracy and liberty and equality and justice not from the top down, but from the bottom up and the outside in…. He has built coalitions that expanded who has a voice and a seat at the table. And in so doing, he has expanded our democracy—the democracy of our nation.”

But, Harris warned, extremists are threatening that expansion of democracy, seeking “to divide us as a nation,… to attack the importance of diversity and equity and inclusion.” “In these dark moments,” she said, “history shines a light on our path.” “[O]ur ability to stand together is our strength. Our ability to unify as many peoples is our strength. And the heroes of this moment will be those who bring us together in coalition; those who know that one’s strength is not measured based on who you beat down, but who you lift up.”

Vice President Harris today opened an event to mark Biden’s designation of a national monument in honor of Emmett Till and his mother, Mamie Till-Mobley, in a searing reminder of what those determined to make the United States a country defined by white supremacy can do. “We gather to remember an act of astonishing violence and hate and to honor the courage of those who called upon…our nation to look with open eyes at that horror and to act,” Harris said.

In August 1955, fourteen-year-old Emmett Till, a Black boy from Chicago, was visiting relatives in a small Mississippi town. After the wife of a white man named Roy Bryant accused the boy of flirting with her, Bryant and his half-brother, J. W. Milam, kidnapped Till, brutally beat him, mutilated him, shot him in the back of the head, and dumped his body in the Tallahatchie River. The county sheriff directed that the body be buried quickly, but his mother insisted that her son’s body be returned to Chicago.

There, she insisted on an open-casket funeral. “Let the world see what I have seen,” she said.

Till’s murder became a symbol of what would happen if men were not called to account for their actions and a rallying cry to make sure such a society of white supremacists could not survive.

In March 2022, President Biden signed the Emmett Till Antilynching Act, making lynching a federal hate crime. And he warned that “those who seek to ban books, bury history,” would not succeed. “[W]hile darkness and denialism can hide much,” he said, “they erase nothing.” And, he added, “only with truth comes healing, justice, repair, and another step forward toward forming a more perfect union.”

Today, on what would have been Emmett Till’s eighty-second birthday, Biden established the Emmett Till and Mamie Till-Mobley National Monument. It covers three historic sites in Mississippi and Chicago: the site in Graball Landing, Mississippi, where Till’s body is believed to have been pulled from the Tallahatchie River; the Chicago church where mourners held Till’s funeral; and the courthouse in Sumner, Mississippi, where an all-white jury acquitted Bryant and Milam.

“We can’t just choose to learn what we want to know” about our history, Biden said. “We have to learn what we should know. We should know about our country. We should know everything: the good, the bad, the truth of who we are as a nation. That’s what great nations do, and we are a great nation.”

hcr
0 Replies
 
Walter Hinteler
 
  3  
Reply Thu 27 Jul, 2023 04:54 am
Trump needed $225 million. A little-known bank came to the rescue.
Quote:
Gregory Garrabrants, a GOP donor and CEO of online Axos Bank, approved the loans after the former president’s main lender had cut ties.

SAN DIEGO — As Donald Trump considered another White House run last year, his company’s finances were at risk of spiraling into crisis.

The former president’s longtime lender and several banks with his deposits had cut ties in the days around the Jan. 6 attack on the Capitol by his supporters, at a time when Trump had hundreds of millions in loans coming due. In February 2022, the accounting firm that had worked for him for two decades dropped Trump and advised against relying on his “statement of financial condition,” a metric banks use to evaluate the risks of a loan.

Unless he found a new lender, Trump’s business empire could have been in jeopardy.

Then a new partner came to the rescue: A little known, online-only financial firm headquartered in a suburban San Diego office park.

Axos Bank, formerly known as Bank of Internet USA, had grown from one of the first digital banks into a profitable, publicly traded company in part by specializing in loans to borrowers other banks had shied away from — all while navigating federal regulator scrutiny over its internal operations and a congressional hearing that cited its involvement in high interest rates on some loans.

One day after the warning by Trump’s accounting firm became public, Axos’s blunt-spoken president and CEO — a Republican donor named Gregory Garrabrants — signed off on a $100 million loan for Trump Tower, the 58-story Manhattan skyscraper that had long been Trump’s home and base of operations, according to the bank.

Three months later, Garrabrants approved a second deal that provided $125 million for Trump’s Doral resort, a sprawling golf course complex in Miami-Dade County he had owned since 2012. Axos also financed part of a loan that helped facilitate the $375 million purchase of Trump’s D.C. hotel by a group of investors.

The Axos loans to Trump were vital to stabilizing his post-presidential finances and enabling him to mount the campaign that now has him leading the GOP pack for the 2024 presidential nomination, according to disclosure records, loan documents and financial experts.

“It was crucial … that someone gave him credit or he could have had loans going into foreclosure,” said Bert Ely, a longtime independent banking analyst. “And that was also an important factor for him politically.”

... ... ...
Frank Apisa
 
  3  
Reply Thu 27 Jul, 2023 05:58 am
@Walter Hinteler,
Walter Hinteler wrote:

Trump needed $225 million. A little-known bank came to the rescue.
Quote:
Gregory Garrabrants, a GOP donor and CEO of online Axos Bank, approved the loans after the former president’s main lender had cut ties.

SAN DIEGO — As Donald Trump considered another White House run last year, his company’s finances were at risk of spiraling into crisis.

The former president’s longtime lender and several banks with his deposits had cut ties in the days around the Jan. 6 attack on the Capitol by his supporters, at a time when Trump had hundreds of millions in loans coming due. In February 2022, the accounting firm that had worked for him for two decades dropped Trump and advised against relying on his “statement of financial condition,” a metric banks use to evaluate the risks of a loan.

Unless he found a new lender, Trump’s business empire could have been in jeopardy.

Then a new partner came to the rescue: A little known, online-only financial firm headquartered in a suburban San Diego office park.

Axos Bank, formerly known as Bank of Internet USA, had grown from one of the first digital banks into a profitable, publicly traded company in part by specializing in loans to borrowers other banks had shied away from — all while navigating federal regulator scrutiny over its internal operations and a congressional hearing that cited its involvement in high interest rates on some loans.

One day after the warning by Trump’s accounting firm became public, Axos’s blunt-spoken president and CEO — a Republican donor named Gregory Garrabrants — signed off on a $100 million loan for Trump Tower, the 58-story Manhattan skyscraper that had long been Trump’s home and base of operations, according to the bank.

Three months later, Garrabrants approved a second deal that provided $125 million for Trump’s Doral resort, a sprawling golf course complex in Miami-Dade County he had owned since 2012. Axos also financed part of a loan that helped facilitate the $375 million purchase of Trump’s D.C. hotel by a group of investors.

The Axos loans to Trump were vital to stabilizing his post-presidential finances and enabling him to mount the campaign that now has him leading the GOP pack for the 2024 presidential nomination, according to disclosure records, loan documents and financial experts.

“It was crucial … that someone gave him credit or he could have had loans going into foreclosure,” said Bert Ely, a longtime independent banking analyst. “And that was also an important factor for him politically.”

... ... ...





Not sure if AXOS is publicly traded, but anyone who buys any stock in it should seek professional mental health help. Trump will screw them royally. (Unless they have a goon squad of Chechnyan debt collectors!)
izzythepush
 
  3  
Reply Thu 27 Jul, 2023 09:02 am
@Frank Apisa,
I don't know, you're assuming the decision is political, and if so it's clearly wrong.

The news article states Axos made its money by being a lender of last resort, by lending to people nobody else will.

That pretty much described Trump at that point.

The decision could be financial, the lender would be in quite a strong position, and we don't know what the terms of the loan would be.

Trump owns some prime real estate and the association with Trump could increase it's value.

Imagine a Trump themed theme park at Mar a Lago, and I'm sure many billionaires would want one of his golf courses if not just to rub his nose in it.
0 Replies
 
tsarstepan
 
  2  
Reply Thu 27 Jul, 2023 09:14 am
@Frank Apisa,
Frank Apisa wrote:


Not sure if AXOS is publicly traded, but anyone who buys any stock in it should seek professional mental health help. Trump will screw them royally. (Unless they have a goon squad of Chechnyan debt collectors!)

Good grief! Do you know that Google (albeit a pretty terrible search engine) exists?

AXOS Bank parent corp = Axos Financial, a publicly traded corporation.

Interesting tidbit:
Quote:
In March 2022, Newsweek and Forbes reported that Axos made a $100 million mortgage loan to Donald Trump's company. The loan followed an announcement by Trump's former accounting firm stating that the Trump organization's financial statements should "no longer be relied on."[9][10]

Approximately 71.5% of the company's loans are secured by properties in California. 11.8% are secured by properties in New York, and 5.1% are secured by properties in Florida.[4]


The following article behind a paywall explains why the bank loans to Trump.
Quote:
Trump needed $225 million. A little-known bank came to ...

Washington Post
2 hours ago — Gregory Garrabrants, a GOP donor and CEO of online Axos Bank, approved the loans after the former president's main lender had cut ties.

 

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