Only in America

[BethAnnBitt 2,904]

10 minutes ago, snowingagain said:

Hey that is way too tricky.

😂. You’re right, but I’m used to it.  Just like, Thanksgiving is always the 4th Thursday, not necessarily the last, in November.  🤷‍♀️

[snowingagain 5,186]

14 hours ago, kiplette said:

Always?  How is that not a well known thing? Or is it just me?

Well, that's a transforming piece of knowledge, thank you. 

It used to be different.  They keep talking about abolishing it (and just staying on summer time all year).  But it always gets stuck.  Also had double summertime, and suggestions for this too.  Benjamin Franklin thought it was a good idea, to save on candles.  He was a "early to bed and early to rise makes a man healthy, wealthy, and wise".  My father preferred Thurber´s  "early to rise, and early to bed, makes a man healthy and wealthy and dead".  Love Thurber. 

[AlexTr 19,718]

Well, corporate welfare is alive and well in the US.

 

Quote

In an extraordinary action to restore confidence in America's banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday.

 

In a related action, the government shut down Signature Bank, a regional bank that was teetering on the brink of collapse in recent days. Signature's customers will receive a similar deal, ensuring that even uninsured deposits will be returned to them Monday.

 

In a joint statement Sunday, Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell and Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg said the FDIC will make SVB and Signature's customers whole. By guaranteeing all deposits -- even the uninsured money that customers kept with the failed banks -- the government aimed to prevent more bank runs and to help companies that deposited large sums with the banks to continue to make payroll and fund their operations.

...

Wall Street investors were relieved that the government intervened. Dow futures were up nearly 300 points, or 0.9% late Sunday. S&P 500 and Nasdaq futures were both up 1.3%. Markets had tumbled more than 3% Thursday and Friday as investors feared more bank failures and systemic risk for the tech sector.

 

US taxpayers will not be on the hook for either facility, the regulators said. But shareholders and holders of unsecured corporate bonds will not be protected by the regulators' plan.

 

"The US banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the [2008] financial crisis that ensured better safeguards for the banking industry," the regulators said. "Those reforms combined with today's actions demonstrate our commitment to take the necessary steps to ensure that depositors' savings remain safe."

 

[jeba 4,341]

15 hours ago, tor said:

Janet Yellen says 'No bail out for SVB' this is gonna hurt

Thanks god, she changed her mind.

[El Jeffo 42,118]

[snowingagain 5,186]

On 12/03/2023, 07:00:04, tor said:

Janet Yellen says 'No bail out for SVB' this is gonna hurt

A bit off topic,  but Credit Suisse is having a (much predicted) wobble.  

[Janx Spirit 11,068]

"Trump says he expects to be arrested, calls for protest"

 

Quote

NEW YORK (AP) — Donald Trump claimed on Saturday that his arrest was imminent and issued an extraordinary call for his supporters to protest as a New York grand jury investigates hush money payments to women who alleged sexual encounters with the former president.

 

Despite no evidence that Manhattan prosecutors have given any official notice to him or his lawyers, Trump declared in a post on his social media platform that he expected to be taken into custody on Tuesday. The message seemed designed to preempt a formal announcement from prosecutors and to galvanize outrage from his base of supporters in advance of charges widely seen as coming soon.

 

In its direct encouragement of protest, and his capital letter demand to “TAKE OUR NATION BACK!” the post evoked in foreboding ways the rhetoric he used shortly before the insurrection at the U.S. Capitol on Jan. 6, 2021.

 

After hearing from the then-president at a Washington rally that morning, his supporters marched to the Capitol and tried to stop the congressional certification of Democrat Joe Biden’s White House victory, breaking through doors and windows of the building and leaving officers beaten and bloodied.

 

https://apnews.com/article/trump-arrested-indicted-hush-money-manhattan-prosecutor-a48428984cf99d23f46b4157b34160ae?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_01

[HH_Sailor 3,529]

2 hours ago, Janx Spirit said:

"Trump says he expects to be arrested, calls for protest"

 

But then there is now a new case.

Seems he didn't declare around USD 250.000 of presents during his presidency (as mandated by law)

 

https://www.theguardian.com/us-news/2023/mar/17/donald-trump-failed-to-report-gifts-from-foreign-nations

 

It's taken a while, but the wheels of justice just keep on turning.

[MikeMelga 7,240]

On 3/18/2023, 7:20:50, HH_Sailor said:

 

But then there is now a new case.

Seems he didn't declare around USD 250.000 of presents during his presidency (as mandated by law)

By law, he should have sold all his business before taking the job and he didn't.