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Sh*t CEOs Say: 6 Outrageous Statements from America's Big-Mouthed Overlords

Sh*t CEOs Say: 6 Outrageous Statements from America's Big-Mouthed Overlords | Feed your mind | Scoop.it
The sh*t CEOs say! When the chiefs of giant corporations are not blaming others for their mismanagement and unscrupulous behavior, they’re explaining why their distorted worldviews are best for the 99 percent. They do this, of course, at a time of declining national median income and huge paydays for executives.
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Trump doesn’t just know he’s a liar — he’s proud of it – ThinkProgress

The pantheon of deceit that President Donald Trump has constructed in his brief civic career is vast, and the regularity of his mendacity has the preciseness of a Swiss watch. What’s more, he exults in every petty deception because it’s the foundation for his notorious ascent into public view. And yet, it can still come as a shock to watch Trump bask in the shamelessness of lying.


Case in point: Trump’s cavalier boasting Wednesday to a group of potential donors that, while in conversation with Canadian Prime Minister Justin Trudeau, he arrogantly insisted the United States has a trade deficit with Canada, despite having no idea if what he was saying was true in that moment.

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Why Trump Wouldn't Actually Want an Influx of Norwegian Immigrants to the US: Their Progressive Policies

Why Trump Wouldn't Actually Want an Influx of Norwegian Immigrants to the US: Their Progressive Policies | Feed your mind | Scoop.it

In the past couple of weeks, thanks to the president's racist comments about Haiti and African countries he can't even name -- remember "Nambia"? -- as well as the stamp of approval he awarded future immigrants from Norway, we've seen a surprising amount of commentary about that fortunate country. Let me just say: those Norwegians he's so eager to invite over are my ancestral people and, thanks to years I've spent in that country, my friends. Donald Trump should understand one thing: if he and his Republican backers really knew the truth about life in Norway, they would be clamoring to build a second "big, fat, beautiful" wall, this time right along our Eastern seaboard.

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Jeff Sessions just got punked by Oregon law enforcement for citing bogus pot study

Jeff Sessions just got punked by Oregon law enforcement for citing bogus pot study | Feed your mind | Scoop.it

Yet the numbers don’t lie. Legal, recreational, adult-use cannabis is already a multi-billion-dollar industry even with less than 10 percent of the U.S. population currently living in states with an operational marketplace. Legalization states have seen huge tax revenues and significant job growth from pot, begun cashing in large savings from reduced criminal justice system spending, and watched the black markets in their states shrink precipitously.


The early returns from legalization have already caught the attention of other states. By the end of 2018, the share of the American populace living in states where buying and selling pot is legal and closely regulated will have more than doubled.

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A neuroscientist explains what may be wrong with Trump supporters’ brains

A neuroscientist explains what may be wrong with Trump supporters’ brains | Feed your mind | Scoop.it

There’s no doubt that Donald Trump has said many things that would have been political suicide for any other Republican candidate. And almost every time he made one of these shocking statements, political analysts on both the left and the right predicted that he’d lose supporters because of it. But as we have clearly seen over the past year, they were dead wrong every time. Trump appears to be almost totally bulletproof.


The only thing that might be more perplexing than the psychology of Donald Trump is the psychology of his supporters. In their eyes, The Donald can do no wrong. Even Trump himself seems to be astonished by this phenomenon. “I could stand in the middle of Fifth Avenue and shoot somebody, and I wouldn’t lose any voters, OK? It’s, like, incredible.”

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This Texas Town Went Full Libertarian and Hilarity Ensued

This Texas Town Went Full Libertarian and Hilarity Ensued | Feed your mind | Scoop.it
In that spirit, we should look at this sadly hilarious story from another state. The Texas Observer brings us the tale of a small place called Von Ormy, where the citizens voted themselves into a state of libertarian paralysis.
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Fascism and the Denial of Truth: What Henry Wallace Can Teach Us About Trump

Fascism and the Denial of Truth: What Henry Wallace Can Teach Us About Trump | Feed your mind | Scoop.it

What is a fascist? How many fascists have we? How dangerous are they? These are the questions that the New York Times posed to Henry A. Wallace, Franklin Roosevelt's vice president, in April 1944.


In response, Wallace wrote "The Danger of American Fascism," an essay in which he suggested that the number of American fascists and the threat they posed were directly connected to how fascism was defined. Wallace pointed out that several personality traits characterized fascist belief, arguing that a fascist is "one whose lust for money and power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends."

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Conservative politicians flock to U.S. media to whip up ignorance and bile: Opinion

Conservative politicians flock to U.S. media to whip up ignorance and bile: Opinion | Feed your mind | Scoop.it
There was just one limit to Sarid's ferocious rhetoric: he kept it within Israel, almost always speaking in Hebrew. Every foreign reporter in Jerusalem knew the futility of chasing a Sarid interview. He refused to denounce his country to a foreign audience. He said that once to my producer, before hanging up the phone.
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Why Are the Danes So Happy? Because Their Economy Makes Sense

Why Are the Danes So Happy? Because Their Economy Makes Sense | Feed your mind | Scoop.it
The World Happiness Report puts Danes consistently in the top tier. Twice in the past four years Denmark came in first. Danes also report more satisfaction with their health care than anyone else in Europe, which makes sense, since happiness is related to a sense of security and others being there for you. A fine health care system makes that real.
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What Happened to the US's Wealth? The Rich Hid It

What Happened to the US's Wealth? The Rich Hid It | Feed your mind | Scoop.it

Visualize the nation's wealth as an expansive and deep reservoir of fresh water. A small portion of this water provides sustenance to fields and villages downstream, in the form of tax dollars for public services.


In recent years, the water level has declined to a trickle, and the villages below are suffering from water shortages. Everyone is told to tighten their belts and make sacrifices.


Deep below the water surface, however, is a hidden pipe, siphoning vast amounts of water -- as much as a third of the whole reservoir -- off to a secret pool in the forest.


The rich are swimming while the villagers go thirsty and the fields dry up.


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Layoffs start next month at the Carrier plant Trump "saved" last winter

Layoffs start next month at the Carrier plant Trump "saved" last winter | Feed your mind | Scoop.it

The Carrier plant in Indianapolis that Donald Trump mentioned frequently on the campaign trail and famously returned to during the transition is preparing to lay off 600 manufacturing workers next month, according to CNBC’s Scott Cohn, who observes that the “deal” Trump and then-Gov. Mike Pence struck to save the plant “is not living up to the hype.”

The production work is shutting down, not because there isn’t demand for the products but because the company has determined that it is more profitable to do the work in Mexico.

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Community Banking Is Alive, Well: The Three Myths About Dodd-Frank and Community Banks

There is ample media coverage and anecdotal claims from the banking industry that Dodd-Frank is bad for community banks. It's politically challenging to counter this narrative because nearly every county in the US has a community bank, and, in turn, every member of Congress has at least one community bank as a constituent. But, if you look at the best available data on the state of community banking, it becomes difficult to buy the story that Dodd-Frank hurts community banks. The data doesn't support the claim.


To begin, let's set the record straight on the facts.

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The Republican Thieves Who Stole Health Care

The Republican Thieves Who Stole Health Care | Feed your mind | Scoop.it

In their desperation to provide $600 billion in tax cuts to their rich campaign contributors, the Republicans have decided to abandon all the standard rules by which Congress has governed itself. The actions might seem extraordinary, but we know how desperately the richest people in the country need tax cuts, so who can complain if the normal procedures are not being followed?


Unfortunately the debate over the "repeal and replacement" of Obamacare is being confused with a debate over health care. Paul Ryan, Mitch McConnell and the rest of the Republican caucuses in the House and Senate don't give a damn about health care. This is about getting $600 billion in tax cuts for the people who pay for their campaigns and will offer them jobs as high paid lobbyists when they leave office. The fact that the tax cuts are associated with health care for tens of millions of people is just a coincidence.

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Mr. President, Be Careful What You Wish for: Higher Interest Rates Will Kill the Recovery

Mr. President, Be Careful What You Wish for: Higher Interest Rates Will Kill the Recovery | Feed your mind | Scoop.it
Not only do banks not lend their reserves commercially, but they do not lend their deposits. Banks create deposits when they make loans. As researchers at the Bank of England have acknowledged, 97 percent of the UK money supply is created in this way; and US figures are similar. Banks do not need reserves or deposits to make loans; and since they are now flooded with reserves, they have little incentive to pay interest on the deposits of “savers.” If they do not have sufficient incoming deposits at the end of the business day to balance their outgoing checks, they can borrow overnight in the fed funds market, where banks lend reserves to each other.
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Trump’s Travesty of Protectionism

Trump’s Travesty of Protectionism | Feed your mind | Scoop.it
Trump’s series of threats this week was a one-two punch. First, he threatened to impose national security tariffs on steel and aluminum, primarily against Canada and Mexico (along with Korea and Japan). Then, he suggested an alternative: He would exempt these countries if they agree to certain U.S. demands.

But these demands make so little economic sense that they should be viewed as an exercise in what academia used to call power politics. Or in Trump’s world, Us versus Them, a zero-sum game in which he has to show that America wins, they lose.
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Reaganomics Made Harvey Worse

Reaganomics Made Harvey Worse | Feed your mind | Scoop.it
Whenever there is another mass shooting in the United States, the National Rifle Association (NRA) always says that now is not the time to talk about Americans' easy access to guns. Of course with them, it's never time. And just like the NRA, climate deniers like Kellyanne Conway, Scott Pruitt, everyone else in the White House and the Republican Party in general, don't think that during the aftermath of Hurricane Harvey, likely the most costly weather event in US history, is the time to talk about the human-caused climate crisis. They condescendingly sneer that to do so "politicizes" the tragedy. Never mind that it is the Republican Party that politicized science in the first place by denying it, delegitimizing it and demonizing its messengers. But the charge of "politicizing" is as perverse as proclaiming that, as water is rising up to their necks, now is not the time to rescue Harvey's victims.
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Is Foxconn a Fantasy? The High Cost of Bringing Manufacturing Jobs to Wisconsin

Let's be clear: the media splash created by the (potential) Foxconn investment is understandable, given the very real need to find way to support well-paying, family sustaining jobs in the US manufacturing sector. But given the track record of company and politicians involved, the Wisconsin legislature should take a long, hard look at whether the deal on the table makes economic sense for taxpayers and workers. Trump, Walker, and Foxconn may have to turn over a new leaf if they want to prove that they are genuinely interested in creating good, family-sustaining jobs, as opposed to simply garnering attention to further their electoral agenda.
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A scientist just destroyed the conservative myth that inequality is necessary for economic motivation

A scientist just destroyed the conservative myth that inequality is necessary for economic motivation | Feed your mind | Scoop.it

A world where a few people have most of the wealth motivates others who are poor to strive to earn more. And when they do, they’ll invest in businesses and other areas of the economy. That’s the argument for inequality. But it’s wrong.


Our study of 21 OECD countries over more than a 100 years shows income inequality actually restricts people from earning more, educating themselves and becoming entrepreneurs. That flows on to businesses who in turn invest less in things like plant and equipment.

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A Small Yet Soul-Crushing Illustration of Donald Trump’s Utter Economic Illiteracy

A Small Yet Soul-Crushing Illustration of Donald Trump’s Utter Economic Illiteracy | Feed your mind | Scoop.it
The full transcript of Donald Trump's Wall Street Journal interview, which leaked to Politico, is enough to make anyone spiral into despair—like most performances from our president, it's full of moments that illustrate his tenuous grasp of reality. As Slate's official economics correspondent, though, there was one section that left me especially crestfallen—in just one short paragraph of word salad, he delivers a subtle but telling demonstration of his total ignorance on how economies work.
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Stoned drivers are a lot safer than drunk ones, new federal data show

A new study from the National Highway Traffic Safety Administration finds that drivers who use marijuana are at a significantly lower risk for a crash than drivers who use alcohol. And after adjusting for age, gender, race and alcohol use, drivers who tested positive for marijuana were no more likely to crash than who had not used any drugs or alcohol prior to driving.
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The Radicals Were Always Right: Now Is the Time to Decriminalize All Drugs

The Radicals Were Always Right: Now Is the Time to Decriminalize All Drugs | Feed your mind | Scoop.it

The Partnership for Drug-Free Kids recently startled me with a blog post titled, "Why You Shouldn't Use the Word Addict." Drug addiction is a disease, the blog explains. People shouldn't be defined by having an illness, so it's better to use first-person language and say "someone with diabetes" rather than "diabetic." The same should go for the word "addict."


In other words, the ad was saying, we shouldn't stigmatize people living with addiction by identifying them based on one condition with which they struggle. I was startled by the blog because stigmatizing drugs and drug users is exactly what the Partnership for Drug-Free Kids did for years under its previous banner, the Partnership for a Drug-Free America.

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What if Omar Khadr isn’t guilty?

What if Omar Khadr isn’t guilty? | Feed your mind | Scoop.it

What evidence exists appears confused, inconsistent or contradicted elsewhere. Photographs of the attack scene released in 2009 appear to directly conflict with the prosecution's summary of its own case.


Had the events happened under Canadian jurisdiction, they would not have been enough to lay a charge, let alone secure a conviction.
This case represents a Canadian tragedy and failure of moral courage on the part of our government. When Canada should have championed transparency, due process and the rule of law in the Khadr proceedings, we stood mute or actively participated in his abusive interrogation in custody.


Had the Canadian government done so, any criminal trial in open court would most likely have ended in a humiliating defeat for the U.S. government, and public perception would be very different from what it is today.


To any trial lawyer, it's plain that Khadr pled guilty for a very simple reason: his plea deal offered a return to Canada and eventual freedom — clearly a better alternative than a lifetime of suffering in Guantanamo.


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What's More Frightening Than an Evil World Leader? A Stupid One

What's More Frightening Than an Evil World Leader? A Stupid One | Feed your mind | Scoop.it

As you’ll have noticed, there’s an awful lot of stupidity afoot in the world. To take the obvious example, consider the principle the journalist Josh Marshall calls “Trump’s razor”, after the philosophers’ rule known as Occam’s razor: when trying to decode the president’s actions, the stupidest explanation you can think of is always likeliest to be true. It’s sometimes argued that we should be grateful for stupid leaders, since at least their stupidity makes life less hazardous: imagine if they were sufficiently focused and clever to implement their worst ideas! But that wasn’t the view of the late Italian economist Carlo Cipolla. In 1976 he published a tongue-in-cheek essay that’s been gaining new attention in the age of Trump. The Basic Laws Of Human Stupidity makes the alarming case that stupid people are by far the most dangerous.

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Trump says poor people shouldn’t be involved in economic policy

Trump says poor people shouldn’t be involved in economic policy | Feed your mind | Scoop.it

The next presidential election is more than 3 years away, but President Trump is back on the stump in Iowa. During the campaign-style rally on Wednesday, Trump defended his decision to install millionaires and billionaires in all his top economic positions.


“[T]hat’s the kind of thinking we want,” Trump argued. “They’re representing the country,” he insisted. “They don’t want the money. They’re representing the country.”


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What They Want to Hide Tells You Who They Are

What They Want to Hide Tells You Who They Are | Feed your mind | Scoop.it

The Treasury Department has released their report on financial regulations they want to scrap. Spoiler alert: the Wall Street sharpies who Trump put in charge of our economy, who made fortunes on both ends of the housing collapse, think pretty much all regulations on banks, including home lenders, should go.


This report was driven by Craig Phillips, who packaged and sold billions in bundled home loans for Morgan Stanley before he moved over to hedge fund giant BlackRock. His boss is former Goldman Sachs executive Steven Mnuchin, who made his bones by aggressively foreclosing on homeowners at IndyMac after the 2008 financial meltdown.

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The Tired Myth That Progressives Lack Empathy Is Hardly the Problem

The Tired Myth That Progressives Lack Empathy Is Hardly the Problem | Feed your mind | Scoop.it
Sorry, self-abasing liberal pundits: If you go by actual deeds, liberals and leftists are the ones with empathy. We want everyone to have health care, for example, even those Tea Partiers who in the debate over the Affordable Care Act loudly asserted that people who can’t afford treatment should just die. We want everyone to be decently paid for their labor, no matter how low they wear their pants—somehow the party that claims to be the voice of working people has no problem with paying them so little they’re eligible for food stamps, which that same party wants to take away. We want college to be affordable for everyone—even for the children of parents who didn’t start saving for college when the pregnancy test came out positive. We want everyone to be free to worship as they please—including Muslims—even if we ourselves are nonbelievers.
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