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It's High Crimes and Misdemeanours Time! Trump thread no. 95

979 replies

Roussette · 23/07/2019 08:05

I thought it was about time I started a thread so here it is! Mueller time tomorrow...

www.theguardian.com/us-news/2019/jul/21/mueller-report-trump-nadler-impeachment

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cozietoesie · 26/08/2019 17:20

Figures.

Roussette · 26/08/2019 20:18

I have enjoyed this bit of frivolity in amongst all the G7 stuff...

The picture is 100% true and my favourite tweet says...

'Everyone should find someone who looks at them the way Melania looks at Justin'

Grin
It's High Crimes and Misdemeanours Time!  Trump thread no. 95
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PerkingFaintly · 26/08/2019 22:05

Oh that is hilarious!

I have this mental list of images that'll be shown when all this is over, in earnest documentaries discussing "What were we thinking promoting this jerk."

That one is definitely on the list.Grin

cozietoesie · 26/08/2019 23:18

As Morgan Stanley said,

https://www.newsweek.com/donald-trump-trade-war-china-recession-1456179

cozietoesie · 27/08/2019 01:42

Let's hope that 45 remains obsessed with the Dow etc and doesn't move over to the Chicago Federal National Activity Index.

PerkingFaintly · 27/08/2019 10:08

Woah! That article, lionheart!

Why are Koch-funded activists trying to derail a US city's public transit?
www.theguardian.com/us-news/2019/aug/26/koch-activists-phoenix-ban-light-rail
According to the language of the referendum, which the director of a Koch-funded political organization helped draft, not only will a vote against the expansion result in the cancellation of this particular line. It will also prohibit all future light rail construction in the city.

“Obviously we’re concerned with the impacts of the construction, but I’ve never seen this kind of outside group come in and write an initiative,” said Kate Gallego, the Phoenix mayor.

Koch brother groups have tried to derail public transit plans in other cities around the country, from Little Rock, Arkansas and central Utah, to Nashville, Tennessee and south-east Michigan. They have frequently called such projects “wasteful spending”. The Koch organization is also heavily invested in fossil fuels.

PerkingFaintly · 27/08/2019 10:12

That ties in with something I was reading a while back about the activities of Uber.

Uber is an odd beast. In many areas it has haemorrhaged money. It also gets involved in lots of lawsuits about breaking employment laws, licensing laws and other protective regulations. In fact, it's more like a very large investment fund with a disruptive, regulation-busting arm that happens to have chosen transport as its area of operations.

One of Uber's campaigns was to prevent the extension of a specific public light rail system. Although efficient any rail system leaves the problem of the "last mile" from station to home. Uber said to one city, "Don't spend all that money extending your rail system into new suburbs – give us a contract to get people from the existing system direct to their homes." Of course a rail system requires upfront investment, so the Uber offer came in cheaper over the first N years, but potentially more expensive afterwards.

But that wasn't quite the point. The Uber offer was cheaper AT CURRENT UBER RATES. But Uber was effectively asking the city to give it a monopoly. A monopoly from which escaping could be expensive, given to a private company with a history of surveilling its customers to leverage their personal data, and of micro managing individual drivers and the number of cabs in any given area.

PerkingFaintly · 27/08/2019 10:32

informative BBC article summarising these issues at Uber:

Is Uber getting too vital to fail?
www.bbc.co.uk/news/technology-38252405

The firm is still a private company, and thus, verified numbers are rare. But one leak at least suggests that in 2015 it made a loss of $2bn on revenues of $1.4bn. [...]
It leaves us wondering what might happen when Uber needs to make ends meet. [...]
For the towns and cities that chose to work with Uber, this could put them in a very difficult situation. Stop paying Uber, and entire parts of town could be suddenly cut off from affordable public transport. Imagine having to worry if the school run was going to be affected by surge pricing.

Longer article on Uber's behaviour:

Can Uber Ever Deliver? Part Four: Understanding That Unregulated Monopoly Was Always Uber’s Central Objective
www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-four-understanding-that-unregulated-monopoly-was-always-ubers-central-objective.html

PerkingFaintly · 27/08/2019 10:44

Extract from the second article. NB These are the same investors who proudly describe their activities as "disruptive". What they are disrupting are regulations intended to protect the us, the little people.

www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-four-understanding-that-unregulated-monopoly-was-always-ubers-central-objective.html
From its earliest days, Uber’s investors and managers have always recognized that investor returns would require global industry dominance, and the elimination (or effective nullification) of longstanding laws and regulations designed to protect competition, and to protect consumers from the risks of anti-competitive market power[1]. This presumes that urban car services can be turned into a “winner-take-all-game”, where the winner can earn sustainable rents once quasi-monopoly industry dominance has been achieved. Dominance would also allow Uber to leverage its platform in order to expand into other markets that it could not otherwise profitably enter.

As will be discussed below, the belief that monopoly power can be a major source of financial returns is widely held among the venture capitalists that funded Uber, and its spending priorities and marketplace behavior have been totally consistent with a company pursuing global industry dominance.

But most critically, the staggering $13 billion in cash its investors provided is consistent with the magnitude of funding required to subsidize the many years of predatory competition required to drive out more efficient incumbents. Uber’s investors did not put $13 billion into the company because they thought they could vanquish those incumbents under “level playing field” market conditions; those billions were designed to replace “level playing field” competition with a hopeless battle between small scale incumbents with no access to capital struggling to cover their bear bone costs and a behemoth company funded by Silicon Valley billionaires willing to subsidize years of multi-billion dollar losses. Given Uber’s growth to date, investor expectations that monopoly rents justifies the current level of subsidies and financial risks appears quite plausible.

Lweji · 27/08/2019 15:13

Obama envy.

Jobs, immigration, separation policy, Crimea, Russia...

"Trump is so fixated on trying to erase Obama’s accomplishments that he repeatedly acts against his own interests. He withdrew the United States from the Trans-Pacific Partnership, negotiated by the Obama administration, even though the pact would have been a valuable tool in Trump’s ongoing trade war against China. "

"Trump seems terrified that history will look more kindly on Obama’s presidency than on his own. If that’s the case — on this one point — he couldn’t be more right."

Quite right!

www.washingtonpost.com/opinions/trumps-obama-envy-is-getting-even-worse/2019/08/26/5dadc7d0-c83a-11e9-be05-f76ac4ec618c_story.html

cozietoesie · 27/08/2019 15:21

Wait until 2020..........Grin

cozietoesie · 27/08/2019 17:56

Ms Maddow.

cozietoesie · 27/08/2019 18:27

The FEC.

cozietoesie · 27/08/2019 18:29

I tell you, you need eyes at the back of your head.

SanFranBear · 27/08/2019 18:35

I've just finished reading A Higher Loyalty, the book written by James Comey - got through it in one day!

Fascinating and throughout, he maintains such dignity. There's a bit towards the end where he recaps the influences on his life which taught him to be a better man and he states that Scrotus has obviously never been exposed to that type of encounter or experience. It makes a lot of sense - surrounded by privilege and Yes Men his entire life, Trump just doesn't know how to relate to anyone or anything - there is no empathy in his entire body.

Comey does end the book on a powerful, optimistic note and I have to hope he's right. Guess we'll just have to wait and see...

cozietoesie · 27/08/2019 20:50

I'm not surprised that you got through it in a Day!

cozietoesie · 27/08/2019 22:35

And we know about Texas................Smile

Roussette · 28/08/2019 06:32

This must be BIG. I read this morning that the Dems are sitting on this and gathering evidence ready for impeachment.

"This single source close to Deutsche Bank has told me that the Trump — Donald Trump's loan documents there show that he has co-signers. That's how he was able to obtain those loans. And that the co-signers are Russian oligarchs,"

No wonder Trump kept on about making the G7, G8 and bringing Trump back in. He's owned by him...

www.washingtonexaminer.com/news/lawrence-odonnell-source-says-russian-oligarchs-co-signed-trumps-deutsche-bank-loans

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