Somebody has to protect consumers, not just from Wall Street but protect them from Washington as well. And the Consumer Financial Protection Bureau has hurt consumers. Free checking at banks has been cut in half. Banking fees have gone up. Working people are finding it more difficult to get mortgages.
The bottom line is the best consumer protection are competitive, innovative markets that are transparent.
Yes, it’s true that some working people are having a hard time finding mortgages, but it’s not because mortgage markets aren’t transparent, competitive, or innovative. It’s because those working people are not making enough money to afford the house they want, or have poor credit histories. Free checking isn’t available as much any more because banks are no longer allowed to make up the costs of the free checking by charging exorbitant overdraft fees. In other words, the CPFB is doing exactly what it’s chartered to do – protect consumers from predatory banks and bankers. Continue reading →
Donald lost tonight, and every time he’s lost he’s gone on Twitter or stood before an audience to rant against whoever was responsible for his loss. I anticipate that Donald will attack the media again for reporting the facts about Flynn and his Russia contacts. And I expect he’ll instruct his new Attorney General to figure out who in the FBI was investigating Flynn, and who leaked the information that Flynn was being investigated….
I don’t know about anyone else, but if I found out my National Security Advisor had been lying to me and was susceptible to blackmail by foreign powers as a result of it, I’d have fired him almost immediately, not waited two weeks until the media broke the story and forced my hand. Because, you know, national security. But maybe that’s because I take stuff like this seriously, rather than treating the Presidency like a business investment. Continue reading →
Today a three judge panel from the 9th Circuit Court of Appeals ruled unanimously that they would not overturn the injunction blocking most of Donald’s immigration and travel ban Executive Order. I read the entire ruling, and I’ve extracted several key or amusing quotes from it below. Many of these were quotes that I posted first on Facebook, but I wanted to collect them all in one place.
Liberals should talk about our values. And we should start with fairness.
Equity is another word for fairness (image credit: King County)
Over the last few years, I’ve read liberals saying that we need to talk about our values more openly, to own them, to assert that they are just as much American values as conservative values are. But I’ve never been comfortable talking about my values. Partly that’s because I’m an introvert. Partly because sharing such important stuff about myself feels a bit like everyone’s nightmare of showing up to give a presentation and realizing you’re naked before the crowd. And partly it’s because some of my values have shifted over the years as I’ve matured and experienced more of life, and I’m sure that some of them will shift again in the future.
But since Donald’s election I’ve been thinking about my values a lot. I’ve already chosen to fight for my values via my writing, and I’m prepared to fight for my values by putting my personal safety on the line if need be. So I figured that, if I’m going to be willing to risk my career or my physical well-being, I’d better be damned sure I know what my values are.
After a great deal of thought, I’ve finally realized what my core value is. The one value that matters more to me than any other. The one value against which all my other values are weighed, and from which most of my values spring. The one value with which I weigh the character of everyone I encounter.
Do you agree with the majority of Americans that gun control is both right and appropriate?
U.S. Marines fire an MK19-3 40 mm grenade machine gun at Range K-211 during weapons training in Marine Corps Base Camp Lejeune, N.C., June 6, 2008. The Marines are assigned to Charlie Company, Infantry Training Battalion, School of Infantry-East. (U.S. Marine Corps photo by Pfc. Maxton G. Musselman/Released)
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,…
Equality. The concept of natural human rights. The rights of life, liberty, and the pursuit of happiness (among others). The concept that the people have a say in their government. These are the American values defined by the Declaration of Independence. Continue reading →
Well, so what? Politicians and their spear carriers have prevaricated, evaded, fibbed, misinformed, misdirected, and dissembled since the dawn of government.
But Sean Spicer lied. He did not disguise the lie. He told lies easily contravened. He did so acting as the representative of the president of the United States. He did so just days after promising he wouldn’t lie.
John: Of course, sir, but shutting down foreign embassies is the equivalent of gouging your own eye out. We have people everywhere, and the mechanism by which we centralize the intelligence they gather is through the embassies. If you shut them down, we’re blind in one eye.
When you dip a second chip to rescue the chip that broke and then that one breaks too and before you know it you’re blowing sailors to support your crack habit. Your Daily Devotional is a lightly-edited entry from my Twitter feed. Follow me at @jefftiedrich
If our climate challenge is a world war, it’s one without an ending—or one where the ending won’t be clear for a century or two.
Bill McKibben, who, as Vox points out, is the closest thing the climate movement has as a spokesman these days, can usually be relied on for some stimulating discourse. While he did not invent the concept (that distinction goes to the fine folks over at Carbon Tracker), he was the prime mover behind popularizing the Stranded Carbon issue. This has led to a vocal, and surprisingly successful (compared to expectations), divestment from fossil fuel companies campaign. So his recent suggestion—exhortation, really—that we need to deal with Climate Change as a World War was guaranteed to generate some responses, and indeed it has.
McKibben is looking for something large here—a grand global effort to deal with the causes and impacts of Climate Change. He’s got a point, a very large one—Climate Change is still not being dealt with, either politically or economically, as the large planetary threat that it is. So he wants a “War on Climate Change.” And he generally seems to understand what this may mean in terms of societal implications. Continue reading →
Bad science journalism is almost as bad as bad science, perhaps worse in some ways, insofar as it may popularize error where there had been none before. Carping about bad science blogging, on the other hand, should probably be beneath me, at least most of the time, because hey, at least there’s folks trying, right? Isn’t this just another case of XKCD’s “someone is wrong on the Internet?”
Well, here’s two examples. I’ll let the critical reader decided for themselves whether or not they serve to engender better critical reading more generally speaking. Continue reading →
Pence, whom Donald Trump announced as his vice presidential running mate on Friday, signed the law that made Indiana the second state ever, after North Dakota, to pass a ban on abortions carried out for certain reasons. The law also imposed liability for wrongful death on doctors that perform an abortion motivated by one of the prohibited reasons. And, as Mother Jones reported in March, the law also required that health care facilities inter or cremate the remains of an aborted fetus, and prohibited fetal tissue donation.
“Her senior thesis was about Saul Alinsky,” said Carson. “This was someone that she greatly admired and that affected all of her philosophies subsequently. Now interestingly enough, let me tell you something about Saul Alinsky: He wrote a book called “Rules for Radicals.” On the dedication page, it acknowledges Lucifer, ‘the original radical who gained his own kingdom.’”Continue reading →
It is unreasonable to try to hold internet service providers (ISPs) responsible for the content a subscriber uses or downloads — even if that content has been pirated or otherwise illegally obtained.
That’s the case being argued in the U.S. District Court for the Southern District of New York, where Windstream is fighting legal action against it from BMG Rights Management and Rightscorp, a separate company that executes BMG’s contracts.
BMG claims Windstream, an ISP with 1.1 million subscribers, is complicit in copyright infringement brought about by its customers by downloading pirated content, namely music owned by BMG. For the past five years, BMG, via Rightscorp, has been sending Windstream notices with settlement demands.
Windstream isn’t having it. In a motion filed June 27 in the Manhattan court, Windstream argues that “As a pipeline to the internet, Windstream does not monitor or otherwise control the manner in which its subscribers utilize their Windstream internet connection and does not initiate, control, select or modify the material or content transmitted by Windstream subscribers over Windstream’s network.” (See a pdf of the full complaint here.)