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Everything posted by placeholder
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Giant seaweed blob twice the width of the US takes aim at Florida
placeholder replied to Scott's topic in World News
As the article notes there are 2 reasons why these blooms are getting so big. One is fertilizer runoff. And the other is human caused global warming. The article also mentioned a red tide that is afflicting Florida. Once again, warming seas and fertilizer runoff are factors increasing the frequency and extent of these blooms. Then there is also the issue of the increasing power and duration of hurricanes. Once again, thanks global warming. And parts of Florida are now being flooded monthly with what are called king tides. These are not due to adverse weather events but rather to rising sea levels. And yet again, thanks global warming. And yet, people are still flocking to Florida. But as property insurance rates continue to skyrocket and the environment continues to be degraded, I wonder how long that trend will continue. -
Silicon Valley Bank collapses after failing to raise capital
placeholder replied to Scott's topic in World News
The hypocrisy of libertarians is a valid point. A columnist for the Financial Times wrote "There are no libertarians in financial foxholes". As for the rest, had the feds not intervened, this collapse could have proved contagious. The real culprit here are the parties who slashed back regulations on mid-sized banks ranging in size from 50 billion to 150 billion. I think you know which President and which political party to thank for that. -
What's worse for Trump, and this goes to the issue of consciousness of guilt, is that he lied about watching the invasiion of the Capitol on TV. Despite the fact that administration members in the White House testified that Trump was glued to the TV while it was going on. And that he repeatedly ignored pleas to authorize use of the National Guard.
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Silicon Valley Bank collapses after failing to raise capital
placeholder replied to Scott's topic in World News
What's really a shame is that Trump and the Republicans gutted Dodd Frank. All the major banks that are in trouble, those with less than 250 billion in assets, would have been subject to much more severe scrutiny if Dodd Frank was left in its original form that specified banks with over 50 billion in assets were subject to its strictest rules. -
Gary Lineker told to step back from presenting Match of the Day
placeholder replied to Scott's topic in World News
Yet subsequent to that announcement there's this: Lineker doubles down on migrant issue A vindicated Gary Lineker has reiterated his support for refugees after winning his brutal impartiality battle with the BBC. https://www.mirror.co.uk/sport/football/news/gary-lineker-bbc-talks-live-29429582 -
Silicon Valley Bank collapses after failing to raise capital
placeholder replied to Scott's topic in World News
There's an article on MarketWatch that lists 20 banks that that are sitting on huge potential losses. Not one of them has more than 250 billion in debt. So not subject to tighter regulation. If you want to access the article copy the headline and do a search in incognito mode (Chrome) or in-private mode (Edge) or whatever similar mode your browser uses. "Deep Dive: 20 banks that are sitting on huge potential securities losses—as was SVB" -
US banks sitting on unrealized losses of $620 billion
placeholder replied to Scott's topic in World News
Well, the stress test rules for the banks with over 250 billion in deposits, are required to maintain a higher level of liquidity. I'm not sure how much, if at all, that requirement was watered down by the 2018 revision to Dodd-Frank. I wish this article had offered a breakdown of how much of these underwater assets are owned by the big banks and how much by the rest. -
Silicon Valley Bank collapses after failing to raise capital
placeholder replied to Scott's topic in World News
But the important thing is they didn't bail out shareholders. And the consequences of not bailing out all depositors could have been severe. And this probably wouldn't have happened had these banks still been liable to the far stricter rules of the origian Dodd-Frank. That these kinds of outcomes would occur was predictable. And now American politicians are complaining that Europe is going to steal away the Cryptocurrency sector because it's offering laxer regulations. 2 sets of fools: those who are complaining and those who are recruiting. -
UK PM Rishi Sunak to visit US to finalise Aukus defence pact
placeholder replied to Social Media's topic in World News
I can only shudder to think of how restricted your news diet must be if you actually questioned my comment. ‘A sea change’: Biden reverses decades of Chinese trade policy After decades of U.S. efforts to engage China with the prospect of greater development through trade, the era of cooperation is coming to a screeching halt. The White House and Congress are quietly reshaping the American economic relationship with the world’s second-largest economic power, enacting a strategy to limit China’s technological development that breaks with decades of federal policy and represents the most aggressive American action yet to curtail Beijing’s economic and military rise.'' “[The Biden] administration views Chinese indigenous innovation as a per se national security threat ... and that is a big leap from where we’ve ever been before.” https://www.politico.com/news/2022/12/26/china-trade-tech-00072232 Biden Is Now All-In on Taking Out China The U.S. president has committed to rapid decoupling, whatever the consequences. In short, America’s restrictionists—zero-sum thinkers who urgently want to accelerate technological decoupling—have won the strategy debate inside the Biden administration. More cautious voices—technocrats and centrists who advocate incremental curbs on select aspects of China’s tech ties—have lost. This shift portends even harsher U.S. measures to come, not only in advanced computing but also in other sectors (like biotech, manufacturing, and finance) deemed strategic. https://foreignpolicy.com/2022/10/12/biden-china-semiconductor-chips-exports-decouple/ US military will defend Taiwan 'if it comes to that,' Biden says Biden said he would keep America's 'commitment' to Taiwan if it faced a Ukraine situation https://www.foxnews.com/world/us-troops-defend-taiwan-china-invades-biden -
Who are you agreeing with. I never said Chansley was an idiot. I did say he was a criminal. Considering how badly the cops were outnumbered, what makes you think it was feasible to cuff Chansley? Did the cops in the Capitol cuff anyone that day? I don't believe anyone was arrested who was inside the Capitol on that day.
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Silicon Valley Bank collapses after failing to raise capital
placeholder replied to Scott's topic in World News
Another bank that would have been subject to FDA stress tests if the Republicans had left Dodd-Frank alone. It turns out Signature was heavily invested in cryptocurrency, Not a thing the FDA would have allowed were it subject to the rules imposed by Dodd-Frank. Maybe the minority of Democrats in the Senate who supported weakening Dodd -Frank might support a restrengthening of it. But the House looks like an unassailable obstacle. -
Also, your reference to the first amendment is misguided for so many reasons. For one thing, this forum operates under thai law. I don't believe that Thailand has adopted the First :Amendment into its constitution. And of course, if you aren't living in the United States, then the First Amendment doesn't protect you. Finally, aseannow.com is a privately owned venue. So even if it were under the jurisdiction of US law, the First Amendment would not apply.
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Silicon Valley Bank collapses after failing to raise capital
placeholder replied to Scott's topic in World News
I think this was the correct decision. This isn't like the banking collapse of 2008-2009 where bank asset value collapsed due to the mortgage crisis. Most likely there ultimately will be enough in assets left to repay the government. Just so long as stockholders in SVB aren't made whole. In the past, it wasn't just depositors in the major banks that were rescued, but the big banks themselves. This leads investors to believe that they are pretty much bulletproof and leads banks to make risky ventures. It's germane to note that while there was a banking crisis in the US in 2009, there was no such crisis in Canada where regulations were much stricter. -
Repeating yourself much? It's clear you have no answer for the point i raised. Still... The Belfast (Good Friday) Agreement 1998 created a duty on the UK government to incorporate the European Convention on Human Rights (ECHR) into domestic law “with direct access to the courts, and remedies for breach of the Convention, including the power for the courts to overrule Assembly legislation on the grounds of inconsistency”.1 This incorporation was achieved through the HRA.2 https://committees.parliament.uk/writtenevidence/23735/pdf/ The Human Rights Act, and the European Convention on Human Rights that it incorporates, are embedded as a key pillar of devolution. Convention rights run through the Good Friday Agreement, set the framework for post-conflict policing, and restrain the Northern Ireland Assembly. https://www.amnesty.org.uk/blogs/belfast-and-beyond/human-rights-act-overhaul-could-undermine-good-friday-agreement