Inspirational Quote of the Day: One from Steve Bannon

Snopes rates this quote as unproven but similar to some things that Bannon has said.

Have A Laugh: Corporate Flow Chart

Steve Bannon’s Candid New Interview May Get Him Fired

This is #2 of two posts today on Steve Bannon. I wasn’t planning to do these today, but the Bannon interview on Wednesday has hit the trending news big this morning. It’s the big story on Drudge this morning, for example.

Bannon’s opinion is that White Nationalism needs to be crushed because White Nationalists are clowns and losers.

Hmmm. Big, if really true.

But Bannon could easily be gaslighting liberals with those remarks.

The other focus in the interview was on Chinese economics and North Korean military threats. I’ve bolded the things that may cause the President to blow his stack.

83 percent, including me, voted “No” in this poll. I don’t think the new interview is going to change that.

Washington Post

Stephen K. Bannon, the White House chief strategist, seemed to take issue with President Trump on North Korea, attacked white supremacists as “clowns” and “losers” and described his efforts against administration rivals in an unusual interview Wednesday with The American Prospect, a progressive magazine.

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Inspirational Quote of the Day: One by an English Economist

I published a quote from his wife yesterday. Even though Kenneth Boulding was a genius, he admitted that he did not understand Keynes General Theory, the basis for Keynesian economics. I never understood it either.

Wikipedia

Kenneth Ewart Boulding (January 18, 1910 – March 18, 1993) was an English-born American economist, educator, peace activist, poet, religious mystic, devoted Quaker, systems scientist, and interdisciplinary philosopher.[4][5] He published over three dozen books and over one-hundred dozen articles. Current Contents found him to be one of those rare authors of a “Citation Classic.” Indeed, even more rare, he was the author of two Citation Classics: The Image: Knowledge in Life and Society (1956) and Conflict and Defense: A General Theory (1962). He was cofounder of General Systems Theory and founder of numerous ongoing intellectual projects in economics and social science. He was married to Elise M. Boulding.

Idle Hands: Which Race Spends the Most Time at Work NOT Working (Graph)

Pancho and Jose must take zee siesta.

The graph gives us some clues as to why Mexico is a turd world s***hole. The Mexicans are too busy socializing to get their work done. You won’t find many of them in coding and programming because there you have to produce output that is easy to measure as accurate lines of code that work within a program.

Trump Praises Tough New U.N. Economic Sanctions on North Korea

KIM JONG UN MAY NOT BE SMILING ANYMORE.

Since previous sanctions have not prevented North Korea from testing missiles and nuclear bombs, there’s not much of a reason to expect that the new sanctions will achieve the desired result.

Furthermore, how much cash would the West be willing to pay Kim (and whoever is behind the scenes controlling him) if he would agree to stop the tests. He’s been paid before. Reasonable people would call it paying off a blackmailer.

But aside from all that, there’s the question of the American (((neocon))) policy makers desire for war with the North. Nothing seems to get done in the world today unless there’s a shekel or two for the Ashkenazim.

Sky News

The UN Security Council has unanimously backed a new resolution imposing fresh sanctions on North Korea in retaliation for its controversial nuclear programme.

Among the sweeping measures is an export ban aimed at depriving Pyongyang of $1bn (£767m) in annual revenue – around a third of its export earnings.

Kim Jong Un’s regime will be banned from selling coal, iron and iron ore, lead and lead ore, fish and seafood.

It will also be prevented from increasing the number of workers it sends overseas – whose earnings are another source of revenue for the regime.

President Trump said the move would have a “very big financial impact” on the reclusive state.

He tweeted: “United Nations Resolution is the single largest economic sanctions package ever on North Korea. Over one billion dollars in cost to N.K.”

The resolution will prohibit countries starting new joint ventures with the North and any fresh investment in current joint ventures.

Nine officials and the country’s main foreign exchange bank have also been added to the UN sanctions blacklist.

But there will not be the cuts to oil deliveries initially proposed by the US – a move which would have dealt a serious blow to the economy.

The Security Council has already imposed six rounds of sanctions that have failed to halt North Korea’s drive to improve its ballistic missile and nuclear weapons capabilities.

US ambassador to the UN Nikki Haley said penalties against the regime have now been taken “to a whole new level” and the Security Council had put the leader “on notice”.

She said: “This is the most stringent set of sanctions on any country in a generation.”

Meanwhile, UK ambassador to the UN, Matthew Rycroft, warned Kim Jong Un’s nuclear ambitions could be “catastrophic for the world”.

“North Korea bears full responsibility for the measures we have enacted,” he said.

“By acting in flagrant violation of its legal obligations, by going against the will of the Security Council expressed in countless resolutions, North Korea has chosen the path it now finds itself on.”

The US has been putting pressure on China, which accounts for 90% of the North’s trade, to enforce the sanctions.

The effectiveness of the new measures will be mostly down to whether Bejing cooperates.

Despite eventually backing the resolution, China and Russia had resisted the US clampdown – arguing dialogue with the North was the best way to persuade Pyongyang to halt its military ambitions.

Chinese Foreign Minister Wang Yi said he had urged his North Korean counterpart to abide by UN resolutions and end testing of missiles.

“Pharma Bro” Martin Shkreli Guilty in Federal Fraud Case, Claims “witch hunt”

MARTIN SHKRELI, THE NOTORIOUS PHARMA BRO.

There’s a lively debate on the Internet about whether Martin Shkreli, called the most hated man in America for jacking up the price of a drug by 5,000 percent, is a Jew. He claims to be an Albanian Catholic. Part of that debate revolves around arguments about whether he would have been charged with a crime if he were a Jew, since Jews (Bernie Madoff excluded because he stole from other Jews) often get a free pass from the legal system.

Where there is no debate is that the major Wall Street banksters have never been put on trial. Some keen observers of the financial scene liken Shkreli to a sacrificial lamb, thrown out in a high profile sacrifice to keep the public pacified.

Bankers walk free.

Shkreli’s bad boy attitude toward repricing the drug his company acquired the rights to also showed the general arrogance of Big Pharma, which the Pharma Bro wasn’t part of. He was just a bit player who revealed that the emperor had no clothes.

CNBC

A federal jury Friday found notorious “Pharma bro” Martin Shkreli guilty of three counts of securities fraud — but acquitted him of five other criminal counts related to hedge funds investors and a drug company he founded.

The split verdict in Shkreli’s trial came at about 2:37 p.m. on the fifth day of jury deliberations, after a more-than-month-long trial in Brooklyn, New York, federal court.

At that trial, prosecutors claimed Shkreli had defrauded multiple investors in his two hedge funds out of millions of dollars, only to repay them with stock and cash that he looted from a the biotech company he created, Retrophin.

While the seven-woman, five-man jury clearly accepted some of the prosecution’s evidence, it rejected other parts of their argument.

The mixed decision perplexed many in the courtroom, including the 34-year-old Shkreli, who first drew widespread public scorn in 2015 for raising the price of a lifesaving drug by more than 5,000 percent.

He looked over quizzically at one of this lawyers, Marc Agnifilo, each of the three times that Judge Kiyo Matsumoto interrupted a set of “not guilty” announcements she was reading off of the jury’s verdict sheet with a “guilty” one.

A juror who was quoted anonymously by the New York Times, said “In some of the counts at least we couldn’t find that he intentionally stole from them and the reasoning was to hurt them.”

Matsumoto did not set a sentencing date. That will happen after prosecutors and defense lawyers argue how much, if any, money Shkreli should be ordered to forfeit, and after defense lawyers ask her to overturn the guilty verdicts.

Shkreli, who remains free on $5 million bail, faces a maximum sentence of 20 years in prison.

But he is sure to receive a far-less-severe punishment than that, given his lack of a criminal record, and other factors.

“I think we are delighted in many ways,” said Shkreli said outside of the courthouse.

“This was a witch hunt of epic proportions and maybe they found one or two broomsticks but at the end of the day we’ve been acquitted of the most important charges in this case.”

He almost immediately afterward used his new Twitter account, @samthemanTP, to comment on the outcome of the case, and also started a livestream on YouTube from his apartment.