Daily Digest 2/6 - Marine Le Pen Kicks Off Campaign, Why Grandpa Is Homeless
Whether it will sell in a country undoubtedly frightened by terrorism and weary of unemployment hovering around 10 percent is unclear, but it is certain that Ms. Le Pen’s National Front party is closer than it has ever been to gaining power in France after over 40 years of existence. Polls show that she is very likely to reach at least a second round of voting in France’s two-stage electoral process this spring.
The First 100 Tweets (bobwise32952)
Citizens United was the ultimate absurdity in a long series of court decisions defending the "civil rights" of corporate persons. It essentially legalized bribery. Justice Stevens wrote in a dissenting opinion,
"...corporations have no consciences, no beliefs, no feelings, no thoughts, no desires. Corporations help structure and facilitate the activities of human beings, to be sure, and their 'personhood' often serves as a useful legal fiction. But they are not themselves members of “We the People” by whom and for whom our Constitution was established."
Extreme Vetting, But Not For Banks (Don R.)
Trump's approach to Wall Street is in sharp contrast to his tough-talking stances on terrorism. He talks a big game when slamming the door on penniless refugees, but curls up like a beach weakling around guys who have more money than he does.
The two primary disasters in American history this century have been 9/11 and the 2008 financial crisis, which cost 8.7 million people their jobs and may have destroyed as much as 45 percent of the world's wealth.
Why Grandpa Is Homeless (jdargis)
The circumstances that led to Herb’s eviction — living check to check, with rent taking up a disproportionate amount of earnings — are distressingly commonplace in the U.S. One-third of adults aged 50 or older spend more than 30 percent of their income on housing, according to a 2014 report. And the housing market in this country is unforgiving to those who cannot pay. Meanwhile, the average age of the nation’s homeless population is increasing faster than that of the general public. In 1990, an estimated 11 percent of the adult homeless population was over the age of 50. By 2003, that number had increased to 32 percent. Today, researchers put the figure closer to 40 percent — and rising.
Oh Snap! (Tiffany D.)
Snap Inc. — home of social media giant Snapchat — officially announced on Thursday that it is going to conduct an IPO. In its filing, the company is looking to trade on the New York Stock Exchange under the proposed ticker symbol of SNAP.
With this offering, Snap is looking to raise $3 billion, with the offering expected to be valued between $20 billion and $25 billion.
In October 2016, Anthony Scaramucci compared the U.S. Department of Labor’s fiduciary rule to Dred Scott v. Sandford, the 1857 U.S. Supreme Court decision protecting slavery and ruling that blacks couldn’t be citizens. “The left-leaning Department of Labor has made a decision to discriminate against a class of people who they deem to be adding no value,” said Scaramucci, a fund-of-funds marketer who was also an adviser and public supporter of Donald Trump’s campaign. And he said that, if elected, Trump would repeal the fiduciary rule.
Exxon, Rex, and Russia: A Deep Drilling (jdargis)
In late 2015, InsideClimate News published a multi-part investigation of Exxon’s role in the cover-up. The series “describes how Exxon conducted cutting-edge climate research decades ago and then, without revealing all that it had learned, worked at the forefront of climate denial, manufacturing doubt about the scientific consensus that its own scientists had confirmed.”
“By the time 2050 rolls around, the world will have 10 billion people and the demand for food will double,” Robb Fraley, Monsanto’s Chief Technology Officer, tells Business Insider. “The whole point here is that the business combination between Monsanto and Bayer will allow the companies to invest in and create more innovation, and it's going to take a huge amount of innovation in order to double the world's food supply.”
Farmers aren’t so sure.
Gold & Silver
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