Friday, June 16, 2017

Un-science propaganda by DeVos to kids

Un-science propaganda in the name of science ed—how fascism works
Trump Sec Education is having climate change deniers (Koch Industries) blast students and teachers across America with Heartland materials that reject basic principles on which nearly all climate scientists agree. Yet, during her confirmation, she said ‘support the teaching of great science and especially science that allows students to exercise critical thinking and to really discover and examine in new ways.’ Recently, DeVos praised US default on Paris Accord: ‘rolling back the unrealistic? and overreaching? regulatory actions by the previous Administration.’ A survey of high school science teachers “reported telling their students, wrongly, that the causes of recent climate change are the matter of scientific debate.” Among real scientists, there is no debate. Future voters get the wrong message by DeVos allowing right-wing lobbyists DeVos herself  pays for to create a false impression. Leading children to junk science is wrong and contradicts DeVos pledge to promote ‘great science’ and ‘critical thinking.’ 
This is how fascism drives a wedge into society and common beliefs. Koch Industries is the only beneficiary of dumping toxins into our environment for their short-term profits.

Who are better investors—men or women?
Most people say men. They dominate Wall Street profit machines. They take risks and overwhelmingly believe that they can beat the market. When they lose, they get bailed out since we let them play with our money. Just like most drivers say they are superior drivers. Hubris or overconfidence? Fidelity’s study found that women are better because they don’t do those things. In fact, Fidelity found that if you leave your account alone you earn more. They don’t trade as often in risky equities and they know they are NOT ‘masters of the universe.’ Another study says women earn 1% more than men. Women also save/invest more. They take the long view on investing like Warren Buffett’s strategy. Buffett earns over 20% per year (2016: p2) by NOT trading. Active investors earn just 3.79% while a low-cost market index fund earns 11%. (dalbar)

I wrecked my portfolio; did you?
My retirement nest eggs could have contained over a $1 million. Invested at 8% in a balanced fund, I could have spent $80,000 a year on average. But I fell victim to 10 investment biases that wrecked my portfolio.  After learning about my mistakes, I was able to recover and still grew it to $900,000. I had never heard of Warren Buffett when I began investing in the early 80s. Warren Buffett had not yet provided his secret to investing.
            I had no idea that for investing, the key to success is cost.
            I did not know you can avoid taxes on retirement income.
            I did not know my money could grow faster just by leaving it alone.
My first contact with 'investing' was deciding which options for my 401k account. The HR person said “you won't lose money with this one.” They steered me to the “stable value” and money market options. That was my first big mistake.           
I learned to avoid my biases and invest well:

Should you buy a house?
Your home could be considered an investment. Actually, for most middle class folks, it was assumed that you have a big asset, not just a place to live. Why? Because you are not “wasting” your money by paying rent and having nothing to show for it after 30 years. Now a new report says, Forgetaboutit. Making payments for 30 years is not good for you. Current trends of slowing rents relative to the costs of ownership and climbing mortgage rates in some markets support this view. Three cities, DallasDenver and Houston, are in historically high territory for renting being the better option for building wealth. The housing supply continues to fall and you still need a place to live. The overall return on home equity wealth is still about 5% over time. If you have been paying for a while, this may be the smart time to sell with rising prices. On the other hand, homeowners 65 and older who still have mortgages have ballooned. Some use their new 15-year mortgage and property tax to reduce income tax. Others take their equity and downsize or rent. The standard deduction for most neutralizes any tax deduction. Secure employment can make home ownership a no brainer but the trend is down reflecting economic upheaval.

Trump tax cut down-played by J P Morgan
Analysts with very expensive crystal balls said they now see $100 billion of annual debt-financed tax cuts to take effect in the second quarter of 2018. They previously forecast $200 billion of such tax cuts per year to start in the third quarter of 2017. Tax cuts for the rich inside the new TrumpCare bill increase the deficit by $600 billion. (Congressman who wrote the cut to Medicaid funding bill for ObamaCare got $800,000  TrumpWorld.) With his tax cut bill, the Congressional Budget Office projects that the federal debt will grow by $10 trillion over the next decade. Wealthy folks keep buying stocks and moving firms overseas; pushing Wall Street prices higher assuming the Trump bump. It looks like the GOP wants to increase the deficit putting the burden on the next generation. Their experience in KS illustrates the effect of tax cuts to the wealthy. KS was close to bankruptcy and the KS GOP leaders have reversed the 2002 tax cut on business and high earners. The wealthy buy art and assets, they don’t buy new factories or businesses. We pay the taxes they don’t.

Trump encourages religious zealots with more paranoia
The Don told a religious gathering that "we're under siege" but will emerge "bigger and better and stronger than ever." He supports evangelicals “to follow their faith.” For some conservatives this means discrimination and bias is OK—“live by the teachings of their faith." He does not mean for Muslims and other minorities. In fact, anti-sharia rallies are the new Trump demonstrations. The evangelicals applauded for Gorsuch as a Supreme who they see as ending legal abortion. They support destroying the church-state wall so tax-exempt orgs can help decide elections. He promised to defend religious “preaching what is in your heart.” For some this means not serving gays and minorities and managing behavior through health care benefits. No birth control, no abortions, and no sex for gays are the basics. Trump promised no support for health care options for the poor. He will find more GOP voters to end the ‘siege’ felt by those who want a ecclesiocracy with Trump as the appointed ruler: “I alone can fix it.”
Evangelicals ignore what Trump calls TWO Corinthians: "I have written you in my letter NOT to associate with sexually immoral people." “Grab them by the __ “Trump
Evangelical Christians applauded him for 3 minutes. Beware false gods.

Industry OK’s advisors who rip us off just do it again and again
A new study shows that HALF of bad advisors HELD on to their jobs after being caught. About half of the rest got jobs at other financial firms. In other words, a year after serious misconduct, about three-quarters of advisors found to have wronged clients are still working. Using a bigger firm makes no difference. These predators go for those with less college and older age. All advisors must produce revenue for their firms. Some firms seem to attract suspicious employees. They certainly are not working for us. They often sell us products we don’t need or products inferior to others. In an experiment, 85% of advisors changed an age-appropriate low-cost portfolio to an expensive version. And the industry works hard to disguise its costs. Most of us have no idea what we pay. “The broker leads them to believe they’re not paying any fees at all,” one critic says. Firms have margins of 39% and signing bonuses of effective sellers can be $6.6 million. Conflicts of interest costing investors dearly—up to 63% of our nest eggs. The industry and the Congress it helps with elections have no incentive to control bad actors. Without high fees brokers claims they won’t service those who need help.
Is “advice” really just a sales pitch like a car salesperson:

If Putin can hack our election computers and change votes, can our power grids be next?  Hackers have devised a cyberweapon that has the potential to be the most disruptive yet against electric systems that Americans depend on for daily life, according to U.S. researchers. The malware, which researchers have dubbed CrashOverride, is known to have disrupted only one energy system — in Ukraine in December. In that incident, the hackers briefly shut down one-fifth of the electric power generated in Kiev. We have NOT done a thorough investigation of all of our state voting computers yet. Re-counting fake votes does not solve the problem. Some states like GA PA dismiss idea since GOP won. Trump’s hunt for voter fraud takes us away from questionable GOP manipulation, like deleting voter rolls, etc.  The head of the Senate Intelligence Committee told USA TODAY, "I don't believe they got into changing actual voting outcomes," Virginia Sen. Mark Warner said. But Congress doesn’t know for sure!  Homeland Security, which works with the owners of the nation’s critical infrastructure systems, did not respond to a request for comment by the Washington Post. Some utilities are trying to catch up but we saw what happens if they don’t fix the system.
We used a similar tool on the Iran centrifuges and now the Ruskies can use it against us.  

GOP tells reporters they can’t interview Congress without approval
In a dictatorship, the junta in power starts by using “protecting” and “security” as the excuse to cancel our rights. Now the Senate Rules Committee is forbidding reporters from interviewing Reps on the run, in the halls, where they are accessible. Instead they must get a scheduled interview, which senators often cancel. Recently, House GOP attacked a reporter for asking about health care and got ‘community service’ (his job) not jail. And Trump asks for loyalty from all his employees, even his cabinet.

Goal: Trump brand around the world

“Covfefe” means “I’m tired of this BS”
We can’t stop watching his “apprenticeship for president” show EVERY DAY!
Two Americas

Trump is still just a mafia contractor from Queens—Fred taught him to be The Don.
Like mob boss, he asks Comey to let Flynn probe go, then asks for loyalty, then fires him, then threatens him.

Chris Wray to FBI so he can get Trump off like Wray did for Christie’s Bridgegate. Wray kept secret Chrisie’s messages to staff who were convicted of giving order to close.

Russia interfered with U.S. voting software before the 2016 presidential election.
Senate votes to block any Trump rollback of sanctions for interference. 

Trump promise to testify like promise to show tax returns and deport 11 million.
Lawyer Kasowitz’s clients include Russian bank and oligarch close to Putin. Manafort
Mueller is now examining whether Trump tried to obstruct justice. Comey, Rogers, Coats

Trump retreat from world: America was happy “between our two oceans,” he said, until realizing “what a crummy world if we all retreat inside our own borders.” Gen Mattis
“When America gives her word, we have to live up to it and work with our allies.”

Trump calls his TrumpCare bill ‘mean’ this week but “great” last week. Polls at 40%

Jared in charge of everything is quiet like Chauncey Gardner (Peter Sellers) Being There

TrumpWorld – using presidency to make money the old fashioned way:

Regulators are the only protection against corporations since we can’t sue anymore

Michael Joseph CC, VisionQwest Resource caught defrauding 150 $1.2m taxes.
Mike McMahon Caught ‘churning’ cost client $267,567 in fees; lost $261,441 trading AP

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own
GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.

Police want gun control.
When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?

Silencers for sale soon by GOP House bill


Ignoramus Award:

Tangier Island is losing 16 feet to rising tides every year, mayor told Trump, who said, “I believe your island will be there for hundreds more.”

LA coast lower Mississippi area flooded faster than expected

How our government wastes our money:
If Gen Flynn and Jeff Sessions can refuse to answer Congress, is there any law now?
Mattis told lawmakers ‘we are not winning’ in Afghanistan. Mattis said the Taliban was.

Where have all the jobs gone?
Half of all retail gone by 2018—automation is cause unless tied to sales or handling.
Bank America layoffs staff again

The average wage needed to rent a two-bedroom home ($21.21) is nearly three times more than the federal minimum wage of $7.25. Over 2 million US workers make at or below the federal minimum, according to the Bureau of Labor Statistics.

Job interview will ask for your salary requirements. Answer: I will research the range.
Which job board sites are best for your job search?

Cancel Robo calls with Mr NoMoRobo:

Bullies in schools are drawing inspiration from Trump. It takes a miracle to undo attitude.

41 Watchung Plaza, B242
MontclairNJ 07042

No comments: