Later On

A blog written for those whose interests more or less match mine.

Archive for January 11th, 2017

Financial Crash Analysis: $22.6 Billion in Homeowner Relief; $7.8 Trillion to Four Wall Street Banks

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Pam Martens and Russ Martens report in Wall Street on Parade:

As Goldman Sachs guys prepare to take the reins of power in Washington under the Trump administration, the Government Accountability Office (GAO) provided a tragic reminder on Monday regarding the power of the U.S. citizen versus their Wall Street overlords. The GAO released a study showing that as of October 31, 2016, the government “had disbursed $22.6 billion (60 percent) of the $37.51 billion Troubled Asset Relief Program (TARP) funds” that were directed at helping distressed homeowners as a result of the 2008 Wall Street financial crash and the resulting housing bust.

Those paltry billions stand in stark contrast to the $7.8 trillion in near-zero interest loans that the Federal Reserve secretly funneled to just four Wall Street banks from 2007 to 2010. The Fed funneled $2.5 trillion to Citigroup; $2 trillion to Morgan Stanley; $1.9 trillion to Merrill Lynch; and $1.3 trillion to Bank of America. The total amount that the Fed secretly loaned to both U.S. and foreign banks came to $16.1 trillion. (See the chart below from the 2011 GAO report for the full list of bailed out banks.)

The American people would still be in the dark about the Federal Reserve’s covert money spigot to the banks except for Senator Bernie Sanders. In 2010, as Congress was debating the Dodd-Frank financial reform legislation, Sanders introduced an amendment that would force the GAO to conduct a one-time audit of the Fed covering its emergency lending programs from December 1, 2007 through July 21, 2010, the date the legislation was signed into law by President Obama. (Because of this abbreviated period of time, the public may still lack full details about Wall Street’s bailout. Sanders got pushback from the White House that prevented him from pushing for a stronger amendment.)

When the one-time audit of the Fed was released by the GAO in 2011, Sanders said in a statement: “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

Today, Goldman Sachs is the most politically-connected Wall Street bank in America thanks to appointments by Donald Trump. But back in 2008 when the Fed was pumping out trillions of dollars to banks like penny candy at a carnival, it was Citigroup that held the reins of power. (The full extent of that power was underscored last year when WikiLeaks released emails showing that one of Citigroup’s executives, Michael Froman, has played the key role in selecting cabinet officials for Obama’s administration.) The current U.S. Treasury Secretary, Jack Lew, is a former Citigroup executive as is Stanley Fischer, the Vice Chair of the Federal Reserve. Michael Froman is the current U.S. Trade Representative who’s responsible for the deeply flawed Trans-Pacific Partnership (TPP). Obama’s Secretary of State, Hillary Clinton, ranked Citigroup as one of her top lifetime political donors. . . .

Continue reading. There’s an interesting chart at the link.

Written by LeisureGuy

11 January 2017 at 10:27 am

How Different Foods Affect Blood Sugar Levels – Compared to Teaspoons of Sugar

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sugar-equivalents

The chart is from a post at DietDoctor.com, which begins:

For people with diabetes, it’s not the carb count of a food that matters most, but how much it affects blood sugar levels. So how bad are different foods compared to, say, spoonfuls of sugar?

That’s something that Dr. David Unwin has focused on teaching his patients, with great results, according to this new paper.

Take a look at the picture above. A serving of potatoes has a similar effect as 8 teaspoons of sugar, and rice is even worse [and rice cakes are even worse – LG]. Meanwhile eggs (a low-carb staple) was like 0 tea spoons.

So what happens to Dr. Unwin’s patients on a low-carb diet? His research shows that their body weight, waist circumference and blood glucose all fell while they reported high satisfaction with the diet and more energy.

It’s quite a mystery that the biggest diabetes associations and governments around the world keep recommending starchy and sugary foods as a suitable diet for diabetes and obesity patients.

The article

Journal of Insulin Resistance: It Is the Glycaemic Response to, Not the Carbohydrate Content of Food That Matters in Diabetes and Obesity: The Glycaemic Index Revisited

More visual low-carb guides . . .

Continue reading.

Written by LeisureGuy

11 January 2017 at 10:22 am

Posted in Food, Health, Medical, Science

One nominee for the greatest game of chess

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Via Jason Kottke, who also points out this game:

Written by LeisureGuy

11 January 2017 at 9:59 am

Posted in Games

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Two-thirds of cops say marijuana laws should be relaxed

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Christopher Ingraham reports in the Washington Post:

A Pew Research Center survey of nearly 8,000 police officers finds that more than two-thirds of them say that marijuana use should be legal for either personal or medical use.

The nationally representative survey of law enforcement, one of the largest of its kind, found that 32 percent of police officers said marijuana should be legal for medical and recreational use, while 37 percent said it should be legal for medical use only. An additional 30 percent said that marijuana should not be legal at all.

Police are more conservative than the general public on the issue. Among all Americans, Pew found that 49 percent supported recreational marijuana, 35 percent supported medical marijuana only, and 15 percent said the drug should not be legal.

imrsPew also found a generational divide among cops on the marijuana issue, although not so large as the one that exists among the general public. Officers under age 35 were more likely to support recreational marijuana (37 percent) than those between the ages of 50 and 60 (27 percent). Among the general public, those numbers stand at 67 percent and 45 percent, respectively.

Law enforcement groups have often been among the staunchest opponents of marijuana legalization measures. In 2016, such groups made small but significant contributions to oppose legalization measures in California and Arizona, citing concerns over issues such as underage use and intoxicated driving.

“You hear people say it’s not as bad as alcohol,” George Hofstetter, president of the Association for Los Angeles Deputy Sheriffs, told the Orange County Register last year. “But if you smoke marijuana and drive, it does impair you.” . . .

Continue reading.

Written by LeisureGuy

11 January 2017 at 9:41 am

All Chiseled Face (Midnight Stag) except for the iKon X3

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SOTD 2017-01-11

The brush is a Chiseled Face brush, and a very good brush it is, too. Excellent lather from the Midnight Stag. One big advantage that shaving soaps (and shaving creams) have over canned foam is that soaps and creams come in an amazing variety of interesting fragrances, whereas the fragrance choices in canned foam are severely limited. (That is not, of course, the only advantage shaving soaps and creams have over canned foam.)

Midnight Stag shaving soap has a fragrance described as:

Russian Leather, Motor Oil, Hoppes #9, Birch Tar, Oakmoss, Gasoline, Smoke, Cedar, Cade, Bergamont, Vanilla

The ingredients:

Stearic Acid, Aloe Vera Juice, Potassium Hydroxide, Beef Tallow, Coconut Oil, Castor Oil, Glycerin, Fragrance, Mango Butter, Avocado Oil, Silk Powder

Three passes with the iKon X3 (here on a UFO handle) left a totally smooth face with no nicks or burn. A splash of Midnight Stag finished the job and the day begins.

Written by LeisureGuy

11 January 2017 at 9:13 am

Posted in Shaving

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