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Posts Tagged ‘J.P. MORGAN’

LIFE LESSONS FOR 2024—AND EVERY NEW YEAR

In Bureaucracy, Business, History, Medical, Military, RELIGION, Social commentary on January 1, 2024 at 12:49 am

New Year’s Eve, 2023, will soon lie behind us.

And for many people, saying “Goodbye” to 2023 can’t happen soon enough.

New Year’s Eve is traditionally a time for people to reflect on the major events of the previous 12 months. Some of these are highly personal. Others have been shared by the entire country.

Some of these remembrances inevitably bring pleasure. Others bring pain.

And 2023 has been a year of pain for millions.

  • Russian President Vladimir Putin continued to violently assault Ukraine. Despite a series of military setbacks, he continued to hurl missiles at Russia’s “brother nation.” Many Ukrainians spent a second Christmas without electricity or running water.
  • On October 7, the Hamas terrorist group launched an attack on Israel, slaughtering 1,400 men, women and children and kidnapping at least 250 others. Israel responded with massive airstrikes and ground assault on Gaza, killing upwards of 20,000.

Emblem of Hamas

  • In the United States, Donald Trump continued to lie that he had been cheated of victory in the 2020 Presidential election. His lie resonated with millions of Fascistic Americans, including members of Congress.
  • And he prepared to run again for President—even as he faced 91 felony counts in four criminal cases. Determined to make himself “President-for-Life,” he posed the single greatest threat to American democracy in its history.

But 2023 also brought reason for hope:

  • Republicans remained lethal but divided, ousting Kevin McCarthy, their own Speaker of the House and threatening to cannibalize others in their quest for dictatorial power.
  • The COVID-19 pandemic had been largely contained, although the virus posed a lethal threat to those refusing to get vaccinated.
  • Conscious of the dangers of climate change, Americans made wind, solar and hydropower more than 20 percent of the power supply.

Every New Year’s Eve celebration brings the fantasy that you get to start fresh in a matter of hours. And with that fantasy comes hope—that, this time, you can put your sorrows and failures behind you. 

And each new year comes with lessons to be learned—and applied.

Each year gives us the chance to learn from history—our own and that of others. Try to learn from your mistakes—and especially those of others. With luck, you won’t repeat your past ones—or those of others. But don’t expect to lead a mistake-free life. 

There is a time to be bold—and a time to be cautious. As Niccolo Machiavelli put it: “A prince….must imitate the fox and the lion: For the lion cannot protect himself from traps, and the fox cannot defend himself from wolves.”  Learn to tell when is the appropriate time to be which—and to play that role to the hilt. 

Niccolo Machiavelli

There is image—and there is reality.  J.P. Morgan once said: “A man always has two reasons for doing anything: A good reason and the real reason.” This is never truer than when a corporation or politician is asking for your money / vote.

When trying to decide whether to commit yourself to either, ask yourself: Who benefits? For example: When studying a proposed law that claims to aid the environment, find out who supports it. That will usually tell you what you need to know.

Learn how to evaluate others. Once again, Niccolo Machiavelli supplies the answer: “The first impression that one gets of a ruler and his brains is from seeing the men that he has about him. When they are competent and loyal one can always consider him wise, as he has been able to recognize their ability and keep them faithful. 

“But when they are the reverse, one can always form an unfavorable opinion of him, because the first mistake that he makes is in making this choice.” 

Don’t confuse wealth with virtue. Too many Americans believe that God bestows wealth on the worthy. If this were true, every Mafia boss would be a candidate for sainthood.  

Each year is a journey unto itself—filled with countless joys and sorrows. Many of these joys can’t be predicted. And many of these tragedies can’t be prevented.

Learn to tell real dangers from imaginary ones. Computers are real—and sometimes they crash. Men who died 2,000 years ago do not leap out of graveyards, no matter what their disciples predict.

Don’t expect any particular year to usher in the Apocalypse. In any given year there will be wars, famines, earthquakes, riots, floods and a host of other disasters. These have always been with us—and always will be. As Abraham Lincoln once said: “The best thing about the future is that it comes one day at a time.” 

159,687 Fireworks Stock Photos - Free & Royalty-Free Stock Photos from Dreamstime

Don’t expect some Great Leader to lead you to success. As Gaius Cassius says in William Shakespeare’s “Julius Caesar”: “Men at some time are masters of their fate. The fault, dear Brutus, is not in our stars but in ourselves that we are underlings.”

Don’t expect any particular year or event to usher in your happiness. To again quote Lincoln: “Most people are about as happy as they make up their minds to be.”

If your life seems to make no sense to you, consider this: The philosopher Soren Kierkegaard once noted: “Life can only be understood backwards, but it must be lived forwards.”

LIFE LESSONS FOR THE COMING NEW YEAR—AND EVERY NEW YEAR

In Bureaucracy, Business, History, Medical, RELIGION, Social commentary on December 30, 2022 at 1:01 am

New Year’s Eve, 2022, will soon lie behind us.

And for many people, saying “Goodbye” to 2022 can’t happen soon enough.

New Year’s Eve is traditionally a time for people to reflect on the major events of the previous 12 months. Some of these are highly personal. Others have been shared by the entire country.

Some of these remembrances inevitably bring pleasure. Others bring pain.

And 2022 has been a year of pain for millions.

Starting on February 24, Russian President Vladimir Putin unleashed a violent assault on Ukraine. Even after his forces were battered by Ukrainian armies, he continued to hurl missiles at Russia’s “brother nation.” As a result, many Ukrainians spent Christmas without electricity or running water.

The invasion was accompanied by Putin’s threats of nuclear war if the West didn’t stop supplying Ukraine with weaponry to repulse his unprovoked attack.

COVID-19 continued to sweep across the globe. Although largely under control in the United States, it remained a mortal threat. In China, that threat surged as the government dropped restrictions that had largely kept it at bay since 2020. 

Coronavirus is the voice of the Earth | Schumacher College

COVID-19

But, as the year ended, hope suddenly dawned: During mid-term elections, millions of Americans rejected Donald Trump’s continuing lies that he had been cheated of victory in 2020. As a result, Republicans won only the House, whereas they had been expected to win the Senate as well.

And as the United States braced itself for an onslaught of tens of thousands—if not millions—of illegal aliens, the Supreme Court upheld—at least temporarily—Title 42.

This policy, begun in 2020, during the early weeks of the COVID-19 pandemic, has allowed immigration agents to expel 2.4.million illegal aliens from the southern border. 

At the heart of every New Year’s Eve celebration is the fantasy that you get to start fresh in a matter of hours. And with that fantasy comes hope—that, this time, you can put your sorrows and failures behind you. 

And each new year comes with lessons to be learned—and applied.

Each year gives us the chance to learn from history—our own and that of others. Try to learn from your mistakes—and especially those of others. With luck, you won’t repeat your past ones—or those of others. But don’t expect to lead a mistake-free life. 

There is a time to be bold—and a time to be cautious. As Niccolo Machiavelli put it: “A prince….must imitate the fox and the lion: For the lion cannot protect himself from traps, and the fox cannot defend himself from wolves.”  Learn to tell when is the appropriate time to be which—and to play that role to the hilt. 

Niccolo Machiavelli

There is image—and there is reality.  J.P. Morgan once said: “A man always has two reasons for doing anything: A good reason and the real reason.” This is never truer than when a corporation or politician is asking for your money / vote. When trying to decide whether to commit yourself to either, ask yourself: Who benefits? For example: When studying a proposed law that claims to aid the environment, find out who supports it. That will usually tell you what you need to know.

Learn how to evaluate others. Once again, Niccolo Machiavelli supplies the answer: “The first impression that one gets of a ruler and his brains is from seeing the men that he has about him.  When they are competent and loyal one can always consider him wise, as he has been able to recognize their ability and keep them faithful.  But when they are the reverse, one can always form an unfavorable opinion of him, because the first mistake that he makes is in making this choice.” 

Don’t confuse wealth with virtue. Too many Americans believe that wealth is a gift that God bestows on the worthy. If this were true, every Mafia boss would be a candidate for sainthood.  

Each year is a journey unto itself—filled with countless joys and sorrows. Many of these joys can’t be predicted. And many of these tragedies can’t be prevented.

Learn to tell real dangers from imaginary ones. Computers are real—and sometimes they crash. Men who died 2,000 years ago do not leap out of graveyards, no matter what their disciples predict.

Don’t expect any particular year to usher in the Apocalypse. In any given year there will be wars, famines, earthquakes, riots, floods and a host of other disasters. These have always been with us—and always will be. As Abraham Lincoln once said: “The best thing about the future is that it comes one day at a time.” 

159,687 Fireworks Stock Photos - Free & Royalty-Free Stock Photos from Dreamstime

Don’t expect some Great Leader to lead you to success. As Gaius Cassius says in William Shakespeare’s “Julius Caesar”: “Men at some time are masters of their fate. The fault, dear Brutus, is not in our stars but in ourselves that we are underlings.”

Don’t expect any particular year or event to usher in your happiness. To again quote Lincoln: “Most people are about as happy as they make up their minds to be.”

If your life seems to make no sense to you, consider this: The philosopher Soren Kierkegaard once noted: “Life can only be understood backwards, but it must be lived forwards.”

WHY REPUBLICANS ACTUALLY WANT TO GUT “OBAMACARE”

In Bureaucracy, History, Law, Law Enforcement, Military, Politics, Social commentary on September 1, 2021 at 8:43 pm

On June 17, CNN ran a headlined story on its website: “Here’s Why Fighting the Affordable Care Act Means So Much to Republicans.”  

The story opened: “For the third time in the last nine years — and this time by a convincing 7-2 vote — the Supreme Court knocked out a Republican effort to invalidate” the Act.

The Justices said that the challengers of the law did not have legal “standing” to bring the case.

Opponents of the law were not harmed by the provisions they were challenging, the Justices ruled. The reason: Congressional Republicans had eliminated the penalty for failing to buy health insurance.

Republicans believed that eliminating the penalty would allow them to attack the entire law. They assumed that without the mandate—a pillar of the law when it was passed—the rest of the Act should fall, too.

Thus, the irony: Through their latest effort to destroy the Act by de-funding it, Republicans had unintentionally saved it before the Supreme Court.

U.S. Supreme Court building-m.jpg

The Supreme Court

The law is now providing access to healthcare for a record 31 million Americans, who would not otherwise be able to afford coverage.

In addition, the Act continues to:

  • Eliminate the “pre-existing condition” excuse insurance companies had used to deny coverage to those who most needed it;
  • Provide a range of no-cost preventive services;
  • Allows children to stay on their parents’ insurance up to age 26;
  • Expand the Medicaid program that insures lower-income people access to health insurance markets offering subsidized plans.

“With millions of people relying on the Affordable Care Act for coverage, it remains, as ever, a BFD. And it’s here to stay,” President Joe Biden tweeted that same day.

“BFD” referred to his remark, caught on a hot mic when he told then-President Barack Obama in 2010 the law is a “a big fucking deal.”

Why have Republicans pursued its demise so relentlessly? J.P. Morgan once said: “A man generally has two reasons for doing a thing. One that sounds good, and a real one.”

The story outlines the reasons that sound good: 

“For the GOP base, the ACA is about a view of the country that the government is the answer to all of our problems.

“It’s also tied into their lingering distaste for former President Barack Obama, whose name is literally melded with the law.

“And a belief that the media treated Obama’s ‘if you like your plan, you can keep your plan’ lie and the disastrous rollout (and repeated crashes) of the website allowing people to sign up for a plan with kid gloves because, well, bias.”

Let’s take a quick look at each of these points.

  • Millions of Right-wingers hate the Federal Government and openly call for its overthrow. This they vividly demonstrated on January 6 when they tried to illegally retain Donald Trump as President. They hoped to prevent the selection of Joe Biden as the legitimately-elected President of the United States by storming the Capitol Building.
  • Racism forms a major component of the GOP’s appeal to older, white, Right-wing voters. So having the name of the first black President unofficially stamped on the law (“Obamacare”) serves as a constant spur to their hatred.

Obama standing with his arms folded and smiling.

Barack Obama

  • Obama’s promise that “If you like your plan, you can keep your plan”: The promise backfired because the law stated that those who already had medical insurance could keep their plans—so long as those plans met the requirements of the new healthcare law. If their plans didn’t meet those requirements, they would have to obtain coverage that did
  • The “disastrous rollout (and repeated crashes) of the website”: That happened immediately after the law became effective on March 23, 2010. The sheer rush of uninsured people hoping to finally gain access to medical care proved too much for the website. But over time those bugs got ironed out.

Now for the real reason Republicans have furiously tried to destroy the Act—one that the writer did not mention. It is also one that no Republican dares admit.

And like so much else in the Republican agenda, it is rooted in the methods employed by the Third Reich.

On June 22, 1941, German Fuhrer Adolf Hitler sent three million soldiers smashing into the Soviet Union. During the first six months—June to December, 1941—German armies lured huge Soviet forces into gigantic “cauldron battles,” surrounding and exterminating them. 

An estimated 5.7 million prisoners of war fell into German hands. The Germans found themselves surprised and overwhelmed by the sheer numbers of them. But their mandate demanded that they keep marching ever forward.

So they simply imprisoned their captives behind barbed wire and wasted no food or medical care on them. Between starvation, illness and the brutal Russian cold, at least 3.5 million POWs died in custody.

Soviet prisoners of war behind barbed wire at Falstad Camp May 8th 1945. The picture is probably taken after the Norwegian prisoners left the camp. (Photographer: Unknown / The Falstad Centre)

Soviet POW’s

Republicans have learned a valuable lesson from this: If you simply deprive those you detest of food, clothing, shelter—and medical care—you don’t need gas chambers or firing squads. Or rigged vote-counts.

Most Americans—ignorant of history—cannot accept that their politicians can be as evil as those in other nations. For those needing access to affordable healthcare, voting Republican could turn out to be a fatal mistake.

COVERING TRUMP AS HE DESERVES

In Bureaucracy, History, Politics, Social commentary on May 14, 2018 at 12:13 am

On June 8, 2017, James Comey testified before the United States Senate Select Committee on Intelligence.

On May 9, he had been fired as director of the FBI by President Donald Trump.

During his Congressional testimony, Comey revealed that, on February 14,  2017, Trump had ordered everyone but Comey to leave a crowded meeting in the Oval Office.

Michael Flynn had resigned the previous day from his position as National Security Adviser. The FBI was investigating him for his previously undisclosed ties to Russia.

“I hope you can see your way clear to letting this go, to letting Flynn go,” said Trump. “He is a good guy. I hope you can let this go.”

This was clearly an attempt by Trump to obstruct the FBI’s investigation.

Yet Republican House Speaker Paul Ryan rushed to excuse his clearly illegal behavior: “He’s new at government, so therefore I think he’s learning as he goes.”

Paul Ryan's official Speaker photo. In the background is the American Flag.

Paul Ryan

Many reporters who undoubtedly knew better agreed with this excuse: He just didn’t understand the protocols. He’ll get it right next time.

They didn’t dare report the truth: America is being ruled by a dictator in the mold of John Gotti.

Thus, Trump didn’t meet privately with Comey because he didn’t know “how modern government operates.” He wanted a private meeting to make a request he knew was on its face illegal—and he wanted to ensure “plausible deniability” in doing so.

If Comey later told the truth about that meeting—as he later did—Trump could say—as he later did: “It’s just his word against mine. Who are you going to believe?”

Reporters covering the Trump administration need to radically change their methods for doing so.

They should start covering it the way organized crime reporters have long covered the Mafia.

Related image

Donald Trump

First, assume that Trump—and those who serve him—are acting criminally unless they can prove otherwise.

As Niccolo Machiavelli advised in his classic work, The Discourses:

“All those who have written upon civil institutions demonstrate…that whoever desires to found a state and give it laws, must start with assuming that all men are bad and ever ready to display their vicious nature, whenever they may find occasion for it.

“If their evil disposition remains concealed for a time, it must be attributed to some unknown reason, and we must assume that it lacked occasion to show itself.”

Second, report what he and his minions say publicly—but look for well-placed sources in law enforcement for the truth.

Reporters covering John Gotti found him highly quotable copy. But they also cultivated secret sources within the FBI and NYPD to discover what crimes he had committed—and was committing.

And when they wrote stories about him, they stated—unequivocally—that he was the boss of an organized crime family.

Reporters covering Trump should similarly list his own history of conflicts with the law.

John Gotti.jpg

John Gotti

Third, news media should devote fewer resources to covering the public side of Trump—and  more to unearthing the truths he wants to suppress. 

As robber baron J.P. Morgan once admitted: “A man generally has two reasons for doing a thing. One that sounds good, and a real one.”

What’s said during a press conference—whether by Trump or any other of his officials—is strictly the version he wants stated. This could be transcribed by a single pool reporter, who shares whatever’s said with all the major news media.

This, in turn, would free legions of reporters to unearth truths that Trump doesn’t want revealed.

Fourth, recognize that Trump is fighting an all-out war on the media—and have the courage to publicly state this.

In 1976, Arizona Republic reporter and organized crime expert Don Bolles, was killed by a car bomb. Legions of reporters from across the country descended on Arizona to prove to mobsters: Attacking reporters is as dangerous as attacking cops.

Donald Trump has labeled established news media as “fake news.” He has called reporters “the enemy of America.” On at least one occasion, he told a CNN reporter: “You’re fake news.”

Yet no reporter—for CNN or any other news outlet—has called him a “fake President.” Nor has any reporter dared to call him a pathological liar with dictatorial ambitions.

CNN has started running an ad featuring a shiny red apple, while a voice-over intones:

“This is an apple. Some people might try to tell you that it’s a banana. They might scream banana, banana, banana over and over and over again. They might put BANANA in all caps. You might even start to believe that this is a banana. But it’s not. This is an apple.”

Unfortunately, many viewers might mistake the “apple” for Apple. Thus, a more effective ad could feature a picture of Trump in an SS uniform, and the following message:

“This  is a Fascist. Some people might try to tell you that he’s a Republican. They might scream Republican, Republican, Republican over and over and over again. They might put REPUBLICAN in all caps. You might even start to believe that he is a Republican. But he’s not. This is a Fascist.”