You are browsing the archive for 2017 December 24.

Avatar of admin

by admin

Texas GOP Candidate Cites ‘Biblical Law’ on Homosexuals and Vows to ‘Gladly Execute a Convicted Sodomite’

December 24, 2017 in Blogs

By David Edwards, Raw Story

Larry Kilgore made the anti-LGBT remarks on Twitter.


A Texas Republican candidate for governor cited what he said was “Biblical law” last week and vowed to “gladly execute” convicted LGBT people.

Out Smart magazine first reported that Larry Kilgore made the remarks about homosexuals on Twitter.

I'd gladly execute a convicted adulterer, sodomite or bestialiter. Biblical law is a blessin. https://t.co/S7syVysXE9

— SECEDE Kilgore (@SECEDEKilgore) December 22, 2017

“I’d gladly execute a convicted adulterer, sodomite or bestialiter,” he wrote. “Biblical law is a blessin.”

Kilgore told Lone Star Q in 2014 that he believes LGBT people deserve to be put to death. But at the time, he said that his run for office would be focused on the issue of Texas seceding from the United States.

In 2012, Kilgore legally changed his name to Larry SECEDE Kilgore.

Related Stories

…read more

Source: ALTERNET

Avatar of admin

by admin

Puerto Rico's Largest Bank Is Solid as a Rock, Good News for P.R.

December 24, 2017 in Economics

By Steve H. Hanke

Steve H. Hanke

The New York Times of
December 16th reports that more post-Hurricane Maria bad news is
just around the corner for Puerto Rico. Matthew Goldstein of
The Times clearly reports on the next storm that will hit
Puerto Rico:

A housing meltdown that could far surpass the worst of
the foreclosure crisis that devastated Phoenix, Las Vegas, Southern
California and South Florida in the past decade. If the current
numbers hold, Puerto Rico is headed for a foreclosure epidemic that
could rival what happened in Detroit, where abandoned homes became
almost as plentiful as occupied ones.

… Puerto Rico’s 35 percent foreclosure and delinquency rate is
more than double the 14.4 percent national rate during the depths
of the housing implosion in January 2010. And there is no prospect
of the problem’s solving itself or quickly.

This bad news means that non-performing loans in Puerto Rico
will probably explode. Many banks and financial institutions in
Puerto Rico will either become zombies or simply disappear into
insolvency.

So much for Puerto Rican bad news. Christmas cheer comes when we
learn that Puerto Rico’s largest bank — Banco Popular de
Puerto Rico, a subsidiary of Popular, Inc. — prepared for the
storm.

To obtain a clear picture of what is in the cards, I performed
an analysis of the Banco Popular de Puerto Rico’s parent, Popular,
Inc. This was done with the latest data from Popular, Inc.’s
filings with the Securities and Exchange Commission.

There is nothing better
than a strong balance sheet to bring Christmas cheer, even in
hurricane-ravaged Puerto Rico.

To conduct my diagnosis of Popular, Inc., I used a little known,
but very useful formula to determine the Bank’s health. It is
called the Texas Ratio. It was used during the U.S. Savings and
Loan Crisis, which was centered in Texas. The Texas Ratio is the
book value of all non-performing assets divided by equity capital
plus loan-loss reserves. Only tangible equity capital is included
in the denominator. Intangible capital-like goodwill-is
excluded.

The ratio measures the likelihood of failure by comparing a
bank’s bad assets to its available provisions for bad loans plus
its capital. When the ratio exceeds 100%, a bank does not have the
capacity to absorb its losses from troubled assets. In consequence,
it will either require a fresh capital injection, or it will
fail.

The table below presents the relevant data and Popular, Inc.’s
Texas Ratios for 2016 and the third quarter of 2017. Popular,
Inc.’s Texas Ratios of 16.16% and 15.98% for 2016 and 2017 Q3,
respectively, are very low. These ratios indicate that the bank is
solid as …read more

Source: OP-EDS

Avatar of admin

by admin

Someone Did $200,000 Worth of Damage to a 1887 Confederate Statue In Georgia

December 24, 2017 in Blogs

By Tom Boggioni, Raw Story

Officials say the face of the soldier “looked like it was surgically cut.”


A cemetery in Rome, Georgia is trying to figure out how someone managed to inflict over $200,000 worth of damage on a massive statue commemorating the Confederacy, reports Northwest Georgia News.

According to the report, the memorial, located at the Myrtle Hill Cemetery, was erected in 1887 by “the Women of Rome,” with a soldier standing atop the base added in 1909.

Cemetery officials say the face of the soldier “looked like it was surgically cut,” and that the statue’s hands — which held a rifle — were also removed.

“It’s just super disappointing that somebody would go to that much trouble to get up there, put a ladder up or whatever to reach it,” said Rome City Manager Sammy Rich, with the cemetery manager estimating repairs to the statue in excess of $200,000.

The damage was discovered on Thursday, with city workers summoned to remove the statue while the city decides whether to repair it and how to pay for the repairs if they do.

Police have no suspects at this time.

Related Stories

…read more

Source: ALTERNET

Avatar of admin

by admin

Sanders Slams Trump for 'Bragging' About Millions of Americans Losing Healthcare

December 24, 2017 in Blogs

By Common Dreams staff, Common Dreams

The GOP tax bill repeals the individual mandate, potentially throwing 13 million Americans off their health insurance.


In an interview on CNN's “State of the Union” on Sunday, Sen. Bernie Sanders (I-Vt.) slammed President Donald Trump for “bragging” about a provision in the GOP tax bill that could throw 13 million Americans off their health insurance and argued that the U.S. should instead be working toward guaranteeing healthcare to all Americans as a right.

“Instead of bragging about more Americans without health insurance, we should join every other major country on Earth, guarantee healthcare for all people, and end the absurdity of paying twice as much per capita for healthcare as every other major nation,” the Vermont senator said.

Sanders was reacting Trump's recent comments on the GOP tax bill's repeal of the Affordable Care Act's individual mandate. Trump claimed that the provision “essentially” repeals Obamacare, and insisted that he “will come up with something better.”

The Republican Party's previous healthcare push, Sanders was quick to note, resulted in a bill that would have thrown more than 20 million Americans off their health insurance.

Sanders' remarks came in a wide-ranging interview in which he also denounced Trump for lying about who benefits from his tax plan and said Republicans should be “very” worried about their 2018 electoral prospects, given the deep unpopularity of their tax legislation.

“What we're seeing in Alabama, what we're seeing in Virginia, New Jersey and in states all across this country, are large voter turnouts, are people standing up and fighting back and demanding that we have a government that represents all of us, not just the one percent.”

The Vermont senator also denounced Congress's lack of action to protect dreamers, calling it a “moral outrage.”

Watch:

 

Related Stories

Avatar of admin

by admin

The Top 5 Christmas Gifts for Family Members Facing Indictment

December 24, 2017 in Blogs

By Janice Williams, Newsweek

Many GOPers are on the naughty list this year.


 

/* ><!*/

Related Stories

…read more

Source: ALTERNET

Avatar of admin

by admin

Trump Vows to Kill 50 Years of Federal Health and Safety Protections

December 24, 2017 in Blogs

By Elliott Negin, AlterNet

Click here for reuse options!


President Trump wants to set the regulatory clock back to 1960.


President Trump wants to set the regulatory clock back to 1960, and last week he acted it out for the cameras.

Wielding a pair of golden scissors at a White House photo op, he cut red tape strung around two stacks of paper. One was a small pile of some 20,000 pages representing the amount of regulations in 1960; the other a mound of more than 185,000 pages representing those of today.

“We’re getting back below the 1960 level,” Trump declared, “and we’ll be there fairly quickly.”

There’s only one problem. That mountain of paper Trump used as a prop symbolizes hard-won measures that protect us.

To refresh the president’s memory, back in the 1960s, smog in major U.S. cities was so thick it blocked the sun. Rivers ran brown with raw sewage and toxic chemicals. Cleveland’s Cuyahoga River and at least two other urban waterways were so polluted they caught on fire. Lead-laced paint and gasoline poisoned children, damaging their brains and nervous systems. Cars without seatbelts, airbags or safety glass were unsafe at any speed. And hazardous working conditions killed an average of 14,000 workers annually, nearly three times the number today.

In response, Congress enacted the Clean Air Act, Clean Water Act, Safe Drinking Water Act and other landmark pieces of legislation to protect public health and safety. Some of those laws also created the Consumer Product Safety Commission, Environmental Protection Agency (EPA), …read more

Source: ALTERNET

Avatar of admin

by admin

Behind the Right-Wing Plot Against Mueller

December 24, 2017 in Blogs

By Jefferson Morley, AlterNet

Click here for reuse options!


Conservative media attempt to demonize the special prosecutor as a threat to America.


In Washington, the anti-Trump resistance talks about a “constitutional crisis“ while the president and his allies decry a ”rigged system.” They’re using different vocabulary to describe the same thing: the coming death match fight for control of the U.S. legal system.

Former Attorney General Eric Holder and others are waking up to the reality expressed by Josh Marshall: “The Plot Is Afoot“ to dump special prosecutor Robert Mueller and there is no longer any institutional force or political will sufficient to prevent Trump from carrying it out. It’s just a matter of time.   

The Republicans who once praised Mueller or warned against his firing have announced retirementfallen silent or turned into Trump toadies. Of the six phases in the campaign to get rid of Mueller, I wrote last week, four have already been completed.

As Holder tweeted on Sunday:

Holder’s intervention, while welcome, has dismal implications. According to the man who was once the nation’s top law enforcement officer, the weakness and impending failure of Washington institutions is practically certain. That protest in support of Mueller, an uncharismatic former FBI man, will be massive, popular and peaceful is far from certain.

The truth is that the “red line” of Washington consensus that protects the special prosecutor process has been eroded by the anti-Mueller campaign, which cultivates fear and anger to depict the mechanism of accountability as a threat, not just …read more

Source: ALTERNET