Yahoo - Business Insider - JAMIE DIMON: 'America has the best hand ever dealt right now'.
Jamie Dimon, he CEO of JP Morgan recently made the following quotation:
"Make a list of everything important, rule of law, low corruption, unbelievable innovation, entrepreneurship ... the deepest capital markets — I'm not talking about banks. I'm talking about venture capital, private equity, companies, individuals, the best science, technology, engineering, math the world has. In fact, we train 40% of them [to] go back overseas."
His quote shows just how out of touch with Americans he is. We have the highest percentage of people without jobs in just about our whole history. We have the highest income inequality since the early industrial revolution. We have been involved in the longest wars in our history and the highest debt in our history. What Mr. Dimon is talking about is what is important to him. Let's look at the specifics of what he is saying.
1. Rule of Law. Well Mr. Dimon has overseen his company while it has had to pay over $25 Billion in fines for rigging all the financial markets. The law may be harder on the rest of us; but, no bankers went to jail for destroying this nations economy.
2. Low corruption. Again, more corruption than ever before has occurred since 2002. The housing bubble and stock market insider trading have been rampant and again with few if any jailed for it.
Those are the two things he listed as the most important. He never talked about the things that matter to most of us because those things are not his concerns.
Sunday, September 20, 2015
Clocks and Bombs - Ahmed Mohammed and Stupid Media
By now everybody has heard about the 14 year old Muslim student, Ahmed Mohammed who made a clock, brought it to school, one teacher thought it was a bomb and he was taken out in handcuffs. I don't usually write about these types of news stories because there is too much out there already. To tell you the truth, I didn't even bother reading any of the news about this until today. I read the story because a famous Atheist named Richard Dawkins decided to write about it and actually said that people should have been scared, then Bill Maher said that the teachers should have been scared because Muslims are responsible for all the bombings in the last 30 years. These two morons were not alone in their stupidity. Others have claimed that this was all done intentionally to make a viral sensation.
Now here is where the garbage story falls apart. The first teacher in the school to see it was the engineering teacher. He actually told the kid he had done a good job. It was an English teacher that thought it was a bomb. That might make sense; but, here is what does not. The kid told them it was for his engineering class, didn't anyone bother asking the engineering teacher before arresting the kid? When they opened it and didn't find any EXPLOSIVES, why did they arrest him anyways? If he really wanted it to look like a bomb wouldn't he have put phony dynamite sticks or clay that had C4 written on it, something that looked like an explosive? I should also point out that the media claimed it was in a suitcase, it wasn't, it was in a large pencil case.
The schools explanation was that the student handbook prohibited kids from bringing in "suspicious" looking items. Huh? If kids take engineering classes and build stuff it would all look homemade and weird. I should also point out that the school gave the kid a 3 day suspension even after they knew it was just a clock made to impress his engineering teacher. While the school invited the kid to return they never apologized. Now, we can look at this as anti-Muslim, Arab paranoia or any other racial thing; but, in my opinion they would have arrested a white looking Christian too. The real paranoia involved was school paranoia and increasing restrictions and control of students.
Here is the thing about the media anymore, everything is put into very small boxes. Everytime a cop kills an unarmed black man, it is a black versus white thing. The conservative media makes it about people being anti-cop. It is neither. The fact is that the police have increasingly been shooting all people, whites, Asians, you name it; however, it is disproportionately blacks. The problem is bigger, it is police who shoot first and ask questions later. The police have become increasingly militarized and increasingly oppressive.
The media focuses it all on race and ignores the bigger issues because racial tensions get better ratings and people allow their responses to be more polarized. About the only reason I still write this blog is because I continually hope that people will begin to see how the media manipulates us to miss the real issues.
Now here is where the garbage story falls apart. The first teacher in the school to see it was the engineering teacher. He actually told the kid he had done a good job. It was an English teacher that thought it was a bomb. That might make sense; but, here is what does not. The kid told them it was for his engineering class, didn't anyone bother asking the engineering teacher before arresting the kid? When they opened it and didn't find any EXPLOSIVES, why did they arrest him anyways? If he really wanted it to look like a bomb wouldn't he have put phony dynamite sticks or clay that had C4 written on it, something that looked like an explosive? I should also point out that the media claimed it was in a suitcase, it wasn't, it was in a large pencil case.
The schools explanation was that the student handbook prohibited kids from bringing in "suspicious" looking items. Huh? If kids take engineering classes and build stuff it would all look homemade and weird. I should also point out that the school gave the kid a 3 day suspension even after they knew it was just a clock made to impress his engineering teacher. While the school invited the kid to return they never apologized. Now, we can look at this as anti-Muslim, Arab paranoia or any other racial thing; but, in my opinion they would have arrested a white looking Christian too. The real paranoia involved was school paranoia and increasing restrictions and control of students.
Here is the thing about the media anymore, everything is put into very small boxes. Everytime a cop kills an unarmed black man, it is a black versus white thing. The conservative media makes it about people being anti-cop. It is neither. The fact is that the police have increasingly been shooting all people, whites, Asians, you name it; however, it is disproportionately blacks. The problem is bigger, it is police who shoot first and ask questions later. The police have become increasingly militarized and increasingly oppressive.
The media focuses it all on race and ignores the bigger issues because racial tensions get better ratings and people allow their responses to be more polarized. About the only reason I still write this blog is because I continually hope that people will begin to see how the media manipulates us to miss the real issues.
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