Category Archives: economy

Hedge Funds sucking public schools dry

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Well, now, there is much more to the story than just the unethical toad Daniel Loeb’s millions towards charter schools.    The creeps on Wall Street see a gold mine in Charters….they can’t lose.  And it’s not just unethical investors in the U.S., but foreign investors looking to make a fast buck off of American children. and get a green card to the U.S.

Why does it not surprise me that Bill Clinton allowed this to happen by signing into law effing tax breaks for these monstrosities??  Good God, how does this creep get away with soo much?  Is there no one who will stand up to him and HIllary?  WTH?!

What’s that giant sucking sound…?

It’s millionaire bankers, hedge fund managers, the Walton family, and foreign investors draining our public schools dry.

 

 

 

Loeb putting millions into charter schools

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Sometimes I wish my hunches weren’t right, then I wouldn’t  have to see the workings of unethical toads like Daniel Loeb. (hat tip to Diane Ravitch).

Yep.  He’s a union buster.  And is putting millions towards destroying them and the public school system.

It’s clear to me with the new information that Loeb is a conservative who probably sees the movie industry as supporting liberals, and wants to destroy it.  He puts money into schools that seek to destroy the creative by micromanaging them,  so it’s not a big leap that he wants to destroy the creative in movies.   Just my guess.

Hedge funds create jobs?

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Um – hmmm…

These are just my first thoughts after a quick read~~

The title of the piece is written in a condescending way.  ” Just STFU and do your movies.”   Insulting.

The author brings up the two flops that Loeb complained about–and as George had stated, Loeb picks two flops and ignores the profitable movies. You can’t possibly think that you’re going to have hit after hit? Seriously? If one never takes a chance and puts stuff out there that may or may not do well at the box office, according to the public’s whim, then we’ll have what happened to the music industry. With the exception of Adele and the former Amy Winehouse, I can’t think of any new music that is being played on the radio that is worth a crap.

From the article:

But to be clear, and with job-creating growth in mind, if hedge funds didn’t exist we’d have to invent them

Um.. I don’t know for sure, but I don’t think hedge funds invested in the movie industry when it was created. Folks used this thing called “cash” to form the studios and then they had this great idea to make some films and then ask people to pay to see them. Hedge fund investors don’t invest until there is a business going already. And Hedge funds have been known to fail themselves.

I found a history of hedge funds in investopedia.

More from the article:

It’s not broadly understood this way, but hedge fund billionaire John Paulson not only saved jobs, but the billions he earned surely created new ones.

Seriously? Where are those jobs, because there are an awful lot of people out of work for all the jobs created by Hedge Funds. /snark

For taking these risks, hedge funds are not only masterful job creators, they’re also paradoxically masterful job savers for their intrepid style telling others where and where not to go with their capital.

I think I’m going to be sick.

Let me get this straight–they create jobs by telling investors not to invest in a company that might create 100 jobs because….Company A looks better than Company B because Company A is willing to go without a union shop and pay people minimum wage….am I correct…?

Or…how about this–if you follow the “short selling” link, you see this:

Selling short is the opposite of going long. That is, short sellers make money if the stock goes down in price.

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Read that again–short sellers make money if the stock goes down.  Now I’m wondering if Loeb is short selling….or if someone he knows is short selling Sony stock?  An associate?  A relative?  Since Loeb actually owns the stock, it doesn’t appear that he is short selling, since the broker technically owns the stock in a short sale.  Gah.  The whole thing sounds like a scam.

I used to invest in stock back in the day.  I took an investment class in college, and I did quite well investing in emerging telecommunications technology.    But this was at the beginning of the metamorphosis I was going through, and I began to question the whole scheme because of stuff like the above.  I knew that I could not invest in companies that did not use Fair Trade practices or those that ran sweat shops,  or companies like Monsanto, etc.  The decision came to stop investing after losing $4,000 in Lucent Technologies, which had “facts” and “figures” that made it appear to be a good investment.  Turns out that it was not. 

Telling Sony to spin off the entertainment portion of its business is not creating jobs. Sorry, try another line of defense of the doubletalk.

Biotech food launches new website

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Propaganda...gotta love it. Not.   Ninety-three percent of Americans want GMO labeling…why isn’t Congress doing what the American people want??  I mean, they keep stating “the American people want…” so they must be concerned with honoring our wishes….right?   /just a little sarcasm there, folks

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One really has to wonder if the folks at the FDA have too much time on their hands or have completely lost their minds when you read stories like this. 

I think we should all live in bubbles so there is no way that we could ever, ever, ever come in contact with salmonella or any other bad bug.  /snark

I want eggs by free range chickens, but I can’t always get them.    It makes sense that the nutrition is better with free range eggs–look at the variety in their diet.  Clearly, the FDA is infiltrated with Big Ag  corporations that want to squeeze out the organic farmer.

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Speaking of organic food–I am starting to see the fruits of my labor with the heirloom tomato, Cosmonaut Volkov.  I had one the other night with mayonnaise on it…and OMG, it was delicious!  It tasted like tomatoes used to taste like before the hybridized the taste out of them!  Oh, wow, it was just like they tasted back in the 60s.  I kid you not.

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More on the GMO war–of course, it always comes down to who is funding  it.   Gah, the “NO” list reads like a list of defense contractors.

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Organic food sales are increasing.  People are waking up to the poison in their food.  Good for them.

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Michael Pollan and Mark Hertsgaard on how sustainable farming practices can help with climate change.

PR Watch

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…has a few links up:

ALEC anniversary being celebrated in Chicago.  A few folks thought they’d drop by….

MOVIE SCREENING: On Wednesday, August 7, at 6 p.m. Common Cause, the Center for Media and Democracy, and others will host a screening of the Bill Moyers documentary the “United States of ALEC” followed by a panel discussion. The screening will be held at the University Center, 525 South State Street in Chicago.

RALLY: At noon on Thursday, August 8, a coalition of groups, spearheaded by the Chicago Federation of Labor, is calling on people to gather outside the ALEC conference at the Palmer House Hotel, located at 17 East Monroe Street for a march and rally. You can tell them you are coming here.

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ALEC, Big Oil, and Big Ag…

 

ALEC and low wages…

 

Public Television pulls funding for documentary on the Kochs…because the Kochs are million dollar contributors.   Selling their soul doesn’t come cheap, you know…

 

 

Speaking of Badasses

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Diane Ravitch has a blog on the Badass Teachers Association:

 

 

 

 

I didn’t know what they meant when I searched for G4s –it came up a security agency and had many links including Israel.  However, when I searched for Gates and prisons, voila.

So I’m trying to wrap my brain around this, because Gates had invested in Monsanto, which purchased Blackwater/Xe…

…..so I’ve read several different sites that claim Monsanto did NOT buy Blackwater.  Stay tuned…jury is still out.

Whether Monsanto owns Blackwater or not, it is still a reprehensible corporation, and owning prisons?

Yeah…this would not have been possible if we didn’t have state governments privatizing state services like prisons…

Do you get the theme here?  Privatizing schools, privatizing prisons, cornering the biotech market and bullying farmers….

I found this on Cascade Investment, which is owned by Gates and family. More stuff here

Don’t like the NSA? How About Gates snooping into children’s school records?

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Diane Ravitch has this and this up on the continued invasion of privacy…only this time, it’s your kid they are gathering information on.  This critical information gathered by a Foundation that now owns 500,000 shares of Monsanto, .

…and what about Rupert Murdoch getting hold of your family’s records? Especially since the newspaper he owned invaded people’s privacy already…even after a warning about his dealings went unheeded.  

From the first Guardian article:

When the high court last summer ordered the News of the World to pay damages to Max Mosley for secretly filming him with prostitutes, the paper was furious. In an angry leader column, it insisted that public figures must maintain standards. “It is not for the powerful and the influential to run to the courts to gag newspapers from publishing stories that are TRUE,” it said. “This is all about the public’s right to know.”

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Does anyone else see the irony of a paper that is invading innocent people’s privacy complaining about maintaining standards….apparently lying and invasion of privacy are not standards someone should uphold…?

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The Uniparty

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One of the commenters here called the absence of real oppositional parties the “Uniparty”. …yep.

See…the Dems really believe in the Fourth Amendment and the rights of the American public to be let alone…

bwhahahahaha *snort*  bwahahahaha…

Don’t blame me.  I voted for Ralph Nader in 2000.  The first time in all the years that I had been voting that I wrote a candidate’s name on the ballet.  Of course, now Indiana has changed to the computerized system so a voter wouldn’t be able to just write in a candidate.   Supposedly, they have paper ballots at each voting station, but this voter was not told there were paper ballots available, not even when I voted early, nor were there any paper ballots visible so that one could ask for it.

They changed the law so that one had to have 2% of the general votes cast for the Secretary of State in the previous election.  Note the deadlines were repeatedly pushed back in order to diminish the ability to gather signatures during summer events where crowds gather…

I found this page absolutely fascinating.  I had no idea that we had other candidates to choose from, as the write in candidates were not on the electronic ballot.  And being without access to media (no TV antenna in the community room at the time), nor did I have more than an hour per time from the library’s internet computers…so information was limited, as are most poor.  And I would venture a guess that even with cable TV, many middle class were also ignorant of this–funny how the nooz just doesn’t seem to get around to covering important issues like this….they’d rather scare you into getting a vaccine that will likely cause as much harm to your body as any good or tell you not to take Vitamin E because some bogus *study* says it’s bad for you…pfft.

The invisible walls that came after the visible…

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A commenter on Diane Ravitch’s blog put up this video:

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More here on the Detroit fight for worker’s rights, i.e., the pensions they were promised, versus the bond holders.  Like I said before, everybody has to lose a little bit–the city workers should not bear the brunt of it.

Light on the Horizon

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…for Sudan.

I think this is brilliant.  It’s going to be grown in a sustainable fashion.  And through fair trade practices, the farmers will be paid a good price for their coffee.  The economic support will help them fend off the outside forces (and inside forces) that seek to divide them.

There are other reports of millions of dollars leaving the country while the public struggles to survive.  (Probably took their cue from Mitt Romney)

And what do power players always fall back on when they want to start trouble?  Bring up religion.  After the discover of oil in the region, suddenly religion became an issue, although the many different religions of the region didn’t make anyone uncomfortable before the oil discovery.

Here’s a map on the prominent religions of different areas in Sudan.