Re: [CCDS Members] [socialist-econ] Orlando

The very social forces that are the bedrock of the Clinton electoral coalition must press the candidate to call for a ban on assault weapons and say no to the insane call to bomb Syria. The peace movement also must play a role here. This cannot be interpreted as taking the focus off the ultra right danger.

If we had a left worth its salt, we could play a role here. 

Sent from my iPhone

On Jun 18, 2016, at 8:37 AM, Sam Webb <swebb@cpusa.org> wrote:

What's this "Arm Up" and "blood-dimmed tide" stuff? I thought we put that rhetoric to bed a long time ago. And as a former Catholic, I was told that one sin (Hillary's) never negated another sin (Bernie's); even a good deed didn't clean the slate. Sam

On Sat, Jun 18, 2016 at 8:07 AM, John Case <jcase4218@gmail.com> wrote:

What is going on with Hillary and half the Dem establishment (maybe more) leaning toward military involvement in Syria as a response to the Orlando shooting??

Is this part of the dues we pay for relying upon a liberal to defeat Trump? We get war-baited by that horses ass, that complete fraud, into another complete fuck-up in the Mid EAst? We right off abandon the reluctance of Obama to to blow some more Mideast shit up?

I confess a certain sexist error in tending to attribute Hillary's hawkish posture to a perception issue -- can a woman president pull the trigger? Its not just posture.

There is ONLY ONE short term response to the Orlando shooting: ban ALL assault weapons. period. And enforce it. There's the rub.  If you can't do that, then, just at least, please, tell the truth -- There is NO Protection against the insanities arising from this increasingly divided, unjustifiably unequal society. You better Arm UP and prepare yourself for the blood-dimmed tide.

I see Sanders response -- ban the assault weapons -- did not stop him from remaining focused on the basics confronting our society. But doing so left him open to the accusation of be "tone deaf" to the importance and sensitivity to "hateful ideologies".  I was prepared to consider that accusation until I heard Hillary -- and many others on the liberal side -- sing the true tone: go to war against "radical jihadism".

NO thanks.

 

John Case
Harpers Ferry, WV

The Winners and Losers Radio Show

7-9 AM Weekdays, WSHC-Listen Live, Shepherd University

Sign UP HERE to get the Weekly Program Notes.

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Re: [CCDS Members] [socialist-econ] Orlando

John Case (finally) is responding as a Marxist, Sam as a Catholic who has more faith in folly than Case has.

On Sat, Jun 18, 2016 at 8:37 AM, Sam Webb <swebb@cpusa.org> wrote:

What's this "Arm Up" and "blood-dimmed tide" stuff? I thought we put that rhetoric to bed a long time ago. And as a former Catholic, I was told that one sin (Hillary's) never negated another sin (Bernie's); even a good deed didn't clean the slate. Sam

On Sat, Jun 18, 2016 at 8:07 AM, John Case <jcase4218@gmail.com> wrote:

What is going on with Hillary and half the Dem establishment (maybe more) leaning toward military involvement in Syria as a response to the Orlando shooting??

Is this part of the dues we pay for relying upon a liberal to defeat Trump? We get war-baited by that horses ass, that complete fraud, into another complete fuck-up in the Mid EAst? We right off abandon the reluctance of Obama to to blow some more Mideast shit up?

I confess a certain sexist error in tending to attribute Hillary's hawkish posture to a perception issue -- can a woman president pull the trigger? Its not just posture.

There is ONLY ONE short term response to the Orlando shooting: ban ALL assault weapons. period. And enforce it. There's the rub.  If you can't do that, then, just at least, please, tell the truth -- There is NO Protection against the insanities arising from this increasingly divided, unjustifiably unequal society. You better Arm UP and prepare yourself for the blood-dimmed tide.

I see Sanders response -- ban the assault weapons -- did not stop him from remaining focused on the basics confronting our society. But doing so left him open to the accusation of be "tone deaf" to the importance and sensitivity to "hateful ideologies".  I was prepared to consider that accusation until I heard Hillary -- and many others on the liberal side -- sing the true tone: go to war against "radical jihadism".

NO thanks.

 

John Case
Harpers Ferry, WV

The Winners and Losers Radio Show

7-9 AM Weekdays, WSHC-Listen Live, Shepherd University

Sign UP HERE to get the Weekly Program Notes.

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_______________________________________________
CCDS Members mailing list

CCDS website: http://www.cc-ds.org

CCDS welcomes and encourages the full participation of our members in
this list serve. It is intended for discussion of issues of concern to
our organization and its members, for building our community, for
respectfully expressing our different points of view, all in keeping
with our commitment to building a democratic and socialist society. To
those ends, free and honest discussion of issues and ideas is
encouraged. However, personal attacks on named individuals, carrying on
old vendettas, excessive posts and, especially, statements that are
racist, sexist, homophobic, anti-semitic and/or anti-working class are not
appropriate.

Repeated failure to respect those principles of discussion
may result in exclusion from the list.
Please respect each other and our organization.

Any member of the list who objects to a posting on the list or the
behavior of a particular member should send email describing his or her
concerns to members-owner@lists.cc-ds.org

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Re: [socialist-econ] Orlando

What's this "Arm Up" and "blood-dimmed tide" stuff? I thought we put that rhetoric to bed a long time ago. And as a former Catholic, I was told that one sin (Hillary's) never negated another sin (Bernie's); even a good deed didn't clean the slate. Sam

On Sat, Jun 18, 2016 at 8:07 AM, John Case <jcase4218@gmail.com> wrote:

What is going on with Hillary and half the Dem establishment (maybe more) leaning toward military involvement in Syria as a response to the Orlando shooting??

Is this part of the dues we pay for relying upon a liberal to defeat Trump? We get war-baited by that horses ass, that complete fraud, into another complete fuck-up in the Mid EAst? We right off abandon the reluctance of Obama to to blow some more Mideast shit up?

I confess a certain sexist error in tending to attribute Hillary's hawkish posture to a perception issue -- can a woman president pull the trigger? Its not just posture.

There is ONLY ONE short term response to the Orlando shooting: ban ALL assault weapons. period. And enforce it. There's the rub.  If you can't do that, then, just at least, please, tell the truth -- There is NO Protection against the insanities arising from this increasingly divided, unjustifiably unequal society. You better Arm UP and prepare yourself for the blood-dimmed tide.

I see Sanders response -- ban the assault weapons -- did not stop him from remaining focused on the basics confronting our society. But doing so left him open to the accusation of be "tone deaf" to the importance and sensitivity to "hateful ideologies".  I was prepared to consider that accusation until I heard Hillary -- and many others on the liberal side -- sing the true tone: go to war against "radical jihadism".

NO thanks.

 

John Case
Harpers Ferry, WV

The Winners and Losers Radio Show

7-9 AM Weekdays, WSHC-Listen Live, Shepherd University

Sign UP HERE to get the Weekly Program Notes.

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Orlando

What is going on with Hillary and half the Dem establishment (maybe more) leaning toward military involvement in Syria as a response to the Orlando shooting??

Is this part of the dues we pay for relying upon a liberal to defeat Trump? We get war-baited by that horses ass, that complete fraud, into another complete fuck-up in the Mid EAst? We right off abandon the reluctance of Obama to to blow some more Mideast shit up?

I confess a certain sexist error in tending to attribute Hillary's hawkish posture to a perception issue -- can a woman president pull the trigger? Its not just posture.

There is ONLY ONE short term response to the Orlando shooting: ban ALL assault weapons. period. And enforce it. There's the rub.  If you can't do that, then, just at least, please, tell the truth -- There is NO Protection against the insanities arising from this increasingly divided, unjustifiably unequal society. You better Arm UP and prepare yourself for the blood-dimmed tide.

I see Sanders response -- ban the assault weapons -- did not stop him from remaining focused on the basics confronting our society. But doing so left him open to the accusation of be "tone deaf" to the importance and sensitivity to "hateful ideologies".  I was prepared to consider that accusation until I heard Hillary -- and many others on the liberal side -- sing the true tone: go to war against "radical jihadism".

NO thanks.

 

John Case
Harpers Ferry, WV

The Winners and Losers Radio Show

7-9 AM Weekdays, WSHC-Listen Live, Shepherd University

Sign UP HERE to get the Weekly Program Notes.

Microsoft’s Massive LinkedIn Deal Is a Sign of Something Dangerous [feedly]

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Microsoft's Massive LinkedIn Deal Is a Sign of Something Dangerous
// The Curious Capitalist - TIME.com

Foroohar is an assistant managing editor at TIME and the magazine's economics columnist. She's the author of Makers and Takers: The Rise of Finance and the Fall of American Business.

You know something is deeply wrong in our market system when a company like Microsoft, which has $100 billion in cash sitting in bank accounts (much of it offshore), decides it needs to borrow billions to fund its acquisition of the social networking platform LinkedIn.

The deal highlights one crucial way in which our market system is no longer serving the real economy. Why would a cash-rich firm like Microsoft go into debt and cause ratings agency Moody's to put it on a possible downgrade list? Because it will save around $9 billion in U.S. taxes by doing so. Debt is tax deductible, and borrowing will save Microsoft money relative to bringing overseas cash back home and paying the U.S. corporate tax rate on it.

There are so many dysfunctional things here, it's hard to know where to begin. As I've often written, I find it rich that tech companies in particular try to avoid paying their fare share of U.S. taxes, given that the federal government funded so many of the things that make them wealthy. But an even bigger issue is the way in which our tax system rewards debt over equity. Super-low interest rates make it cheap for companies to borrow. (Low rates are themselves a reaction to the financial crisis, and unlikely to rise much very soon given that the economy is still so weak. Watch this week's Fed meeting for more.) Then, our tax code makes it easy for firms to write that debt off their tax burden. Jason Furman, the head of the National Economic Council, has estimated that the many ways in which companies can tax advantage of tax-subsidized debt loopholes make corporate debt about 42% cheaper than corporate equity.

Microsoft certainly isn't alone in taking advantage of this phenomenon. U.S. companies have issued a record amount of debt in recent years, even as they also have record cash hoards. Take Apple, one of the most successful firms over the past 50 years. Apple has around $200 billion sitting in the bank, yet it has borrowed billions of dollars cheaply over the past several years to pay back investors via stock buybacks and dividends in order to bolster its share price (because the underlying corporate growth story hasn't done that on its own). All that financial engineering helped temporarily boost the California firm's share price. But it didn't stop activist investor Carl Icahn, who had manically advocated for borrowing and buybacks, from dumping the stock the minute revenue growth took a turn for the worse in late April. Financial engineering isn't the same as the real kind.

It is perhaps the ultimate irony that large, rich companies like Microsoft and Apple are most involved with financial markets at times when they don't need any financing. Top-tier U.S. businesses have never enjoyed greater financial resources. They have a record $2 trillion in cash on their balance sheets—enough money combined to make them the 10th largest economy in the world. Yet in the bizarre order that our market system has created, they are also taking on record amounts of debt to buy back their own stock, creating what may be the next debt bubble to burst. The next President should address this before we brew up another financial crisis.

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AFL-CIO Statement on the Orlando Massacre [feedly]

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AFL-CIO Statement on the Orlando Massacre
// AFL-CIO NOW BLOG

AFL-CIO President Richard Trumka, AFL-CIO Secretary-Treasurer Elizabeth Shuler and AFL-CIO Executive Vice President Tefere Gebre released the following statement today in response to the murder of 49 people at Pulse, an LGBTQ nightclub in Orlando: (After the jump.) 

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Hillary Clinton Promises To Close A Major Tax Loophole Without Congress [feedly]

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Hillary Clinton Promises To Close A Major Tax Loophole Without Congress
// Wonk Room

The carried interest tax loophole lets hedge fund and private equity managers pay lower taxes on their income.

The post Hillary Clinton Promises To Close A Major Tax Loophole Without Congress appeared first on ThinkProgress.

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