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Dave Reilly

Dave's News Roundup 6-26-17

Travel Ban Reinstated - Trump Celebrates:

(Breitbart) - President Donald Trump celebrated the unanimous per curiam opinion by the Supreme Court, effectively clearing lower court attempts to stay his travel ban, calling it a “clear victory” for national security.
“Today’s unanimous Supreme Court decision is a clear victory for our national security,” the president said in a statement to reporters.
 
Trump’s ban sought to limit people from Iran, Libya, Somalia, Sudan, Syria, and Yemen from entering the United States, citing a national security risk.
 
Despite efforts from lower courts to block the ban, the Supreme Court decided that foreign nationals lacking a “bona fide” relationship with someone in the United States could be banned. Parts of Trump’s executive order, however, remain blocked.
 
“As president, I cannot allow people into our country who want to do us harm,” Trump’s statement said. “I want people who can love the United States and all of its citizens, and who will be hardworking and productive.”
 
The court upheld Trump’s right to executive authority.
 
“Today’s ruling allows me to use an important tool for protecting our Nation’s homeland,” he said. “I am also particularly gratified that the Supreme Court’s decision was 9-0.”
 
***Update***
 
Ruth Bader Ginsburg has been asked to recuse herself from any further deliberations on Trump v. International Refugee Assistance Project because Republicans say that her "Impartiality might be reasonably questioned" and they accuse her of having a "Personal bias or predjudice concerning a party."
 
The letter was signed by 58 Republican lawmakers, and you can view the letter by clicking here.
 
Sexual Overstimulation - Sex Doesn't Sell Anymore:
(Discover Mag) - John Wirtz, an advertising professor at the University of Illinois, conducted a meta-analysis of 78 peer-reviewed studies that examined the efficacy of sex appeals in ads. The results: participants weren’t any more likely to remember a brand name or purchase a product, and, in fact, they were more likely to view the brand negatively.
 
“We found literally zero effect on participants’ intention to buy products in ads with a sexual appeal,” Wirtz said. “This assumption that sex sells – well, no, according to our study, it doesn’t. There’s no indication that there’s a positive effect.”
 
Mr. Wirtz's full article is available for your review by clicking here.
 

- - ECONOMIC DISASTER AWAITS - -

 
Bank for International Settlements Warns Of New Recession "With A Vengeance":
According to an article in the Independent today, Claudio Borio, the head of the BIS monetary and economic department, said a new recession could come “with a vengeance” and “the end may come to resemble more closely a financial boom gone wrong.”
 
People have been warning of yet another financial collapse for years now, and more and more studies and articles seem to be corroborating these claims. People have less money saved, more debt, and the banks have not significantly changed their lending practices since the 2008 bust.
 
For example, according to Forbes, 63% of Americans don't have enough savings to cover a $500 emergency.
 
Financial Times says that over the past 10 years, student debt has gone up by 170% causing decreased rates of first time home ownership, higher rental prices, and lower purchases of white goods and all the things that people buy to fill homes
 
The Washington Post is also making note of the return of the McMansion, something they claim is a symbol of a "pre-recession boom".
 
I could post one article after another, showing how precarious our economic position really is. While the stock market rises, the value of the dollar continues to get hit with inflation, and the Federal Reserve Bank continues to raise interest rates on the money it has loaned to the federal government. 
 
Something that helped de-mystify the American economy, and money in general was the documentary produced by Bill Still called "The Secret of OZ." If you are interested in learning more about why "Fiat Currency" and a debt-based economy are dangerous, click on the link, and pop some popcorn and get ready to leave Kansas forever. 
 
Bezos' Robotic Revolution Threatens Whole Foods:
If you've been living under a rock, or maybe just on a news blackout since the over stimulation of the 2016 Presidential election, you may have missed some very big news for the popular grocery store Whole Foods. The granola-hippy-organic food superstore has been sold to Amazon's CEO Jeff Bezos, and according to some, American laborers could be facing some serious lay-offs.
 
Today, Bloomberg quoted Gary Hawkins, CEO of the Center for Advancing Retail and Technology saying "The easiest place for Amazon to bring its expertise to bear is in the warehouses, because that's where Amazon really excels. If they can reduce costs, they can show that on the store shelves and move Whole Foods away from the Whole Paycheck image."
 
The Bloomberg article continued "Amazon sees automation as a key strategic advantage in its overall grocery strategy, according to company documents reviewed by Bloomberg before the Whole Foods acquisition was announced."
 
Instead employing hard-working Americans, Bezos would rather have us replaced with machines... Something that has already happened at certain Amazon warehouses. With unemployment fairly high, especially among teens and millenials, instead of adding to the jobs market, these machines take away. 
 
When will we stop cannibalizing our own work force for the sake of profits in Silicon Valley? 
 
In other Amazon news, people are becming increasingly disturbed at the almost-monopoply that Amazon now has in the marketplace. The headline by USA Today reads "Is Amazon getting too big?" has an easy answer. YES! Small communites like ours here in Columbia County have been severly affected by companies like Wal-Mart and amazon, leaving our main streets devoid of shops and replaced with service industries such as restaurants, tattoo parlors and banks. 
 
Bigger is not always better. It's time to vote with our wallets, folks. BUY LOCAL.

 

Illinois Bankrupt?

It very may well be. Republican Governor Bruce Rauner said last week that the state of Illinois is getting close to "banana republic territory."

 

You can read an entire article on the financial crisis facing the land of Lincoln by clicking here, but I think Ben Garrison has summed up the situation fairly well with his political cartoon:

 


 

 

 

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