10 Years after the Banks Crashed the U.S. Economy What have we Learned?

 Gambling monkeys are helping scientists find a risk-taking brain area

time lapse photography of four black metal cooking wares
Photo by Devon Rockola on Pexels.com

“They’re going for the big win every single time,” even when safe bets would have won them more juice overall. 

When a monkey won big, brain cells in this area got really active. They take big risks just to keep the game interesting.

Scientists at Johns Hopkins have identified a brain region in monkeys that influences their desire to take big risks. When this area is inactivated, the monkeys tend to hedge their bets.

ARE HUMANS ON WALL STREET ANY DIFFERENT THAN HOT BRAIN MONKEYS?

Experiments with two gambling monkeys have revealed a small area in the brain that plays a big role in risky decisions. When researchers inactivated this region in the prefrontal cortex that’s involved in eye movements, the rhesus monkeys became less inclined to choose a long shot over a sure thing.

WE’VE LEARNED THAT NOTHING CHANGED

Four Critical Changes Needed to Make Wall Street Work for America Again
Last Thursday the Securities and Exchange Commission (SEC) issued a statement regarding a new $10.5 million fine against Citigroup. The statement read: “Citigroup’s lax supervision and weak internal accounting controls allowed a handful of rogue traders to mismark positions over several years and, separately, resulted in […]
Senator John McCain Wanted to Restore the Glass-Steagall Act: Here’s Why Democratic Senator Elizabeth Warren and Republican Senator John McCain as the leading co-sponsors on the same piece of legislation.
MIT Professor: Big Banks Are Using Data Profiling to Prey on Unsophisticated
The Kansas City Fed’s annual symposium in Jackson Hole is typically a dry affair with central bankers and economists expounding on theories that are incomprehensible to the average working person — whose focus is on making their monthly mortgage payment, saving for their children’s college tuition […]
The Fed’s “Supervision” of Wall Street Has Made It More Dangerous The Dodd-Frank financial reform legislation was signed into law on July 21, 2010 as the U.S. was still reeling from the aftermath of the epic 2008 Wall Street crash and economic meltdown. In addition to giving the Federal Reserve enhanced powers to supervise the behemoth bank holding […]
The Chorus Grows for the Fed to Buy Up Stocks in the Next Wall Street Crisis
There is now a growing chorus of people trying to legitimize the U.S. central bank, the Federal Reserve, having the option of buying stocks in the next financial crisis. This is such a stunning and dangerous development that it deserves to be on the front page.
JPMorgan Is Thinking Pitchforks and Fed Stock Buying in the Next Financial Crash
If you thought the U.S. outlook could not get any more dystopian, think again. JPMorgan Chase issued a report earlier this week to mark the 10th anniversary of the 2008 Wall Street crash and provide its outlook for what’s ahead.
Bernanke, Geithner, Paulson: The Fed Should Be Able to Make Secret Trillion Dollar Loans Again There seems to be a growing amount of concern these days about another epic financial crash on Wall Street.
SEC: Citigroup Ran a Secret, Unregistered Stock Exchange for More than Three Years 
September 19, 2018 ~ Last Friday, the Securities and Exchange Commission issued a 372-word press release that carried the title SEC Charges Citigroup for Dark Pool Misrepresentations. Buried within that press release was a brief sentence casually mentioning that a division of Citigroup had “failed to register as a national […]
For Over a Century, the New York Times Has Praised Big Bank Consolidation 
New York Times OpEd Was Very Likely Written by a Koch Loyalist
There’s a New Bible Out for Defeating the Trump Era and Its Corporate Masters
President Donald Trump, who ran on a fiercely populist platform of helping the little guy, infused his administration from the get-go with lawyers and executives connected to the fossil fuels conglomerate, Koch Industries, and/or front groups funded by its two majority owners, billionaires Charles and David Koch. Now a step-by-step guide has been published on how to defeat the new-age robber barons, the corporate structure that made them billionaires while leaving workers with crumbs, and the enshrined political system that marches to the crack of their unaccountable whip.

WALL STREET  BANKS ARE  THE 800 POUND GORILLA THAT WANTS TO EAT HUMANS.

https://www.youtube.com/watch?v=b_1UiTaIKPw

Listen to @RepDebDingell Social Security must be protected at all costs. We are not going to leave our fellow Americans behind.

@RepDebDingell

#Florence is a Science Denying Warning for North Carolina and every other state that won't vote for climate change law.

#KARMA is a Bitch! You can Never Cheat Mother #Nature

NC got just what they needed / deserved.

“Revenge is a dish best served cold.”
You’ll get punished for denying science.
Did NC forget all about that?

They set this up all by themselves when:

North Carolina Literally Passed Laws Against Science on Sea-Level Rises

https://www.sciencealert.com/you-can-t-outlaw-hurricanes-how-north-carolina-turned-its-back-climate-change-bill-hb-819-nc-20-florence

Six years ago, North Carolina Republicans voted in a law decreeing that the seas weren’t rising

https://boingboing.net/2018/09/13/north-canute.html

New Law in North Carolina Bans Latest Scientific Predictions of Sea-Level Rise

https://abcnews.go.com/US/north-carolina-bans-latest-science-rising-sea-level/story?id=16913782
NOW IT’S TOO LATE FOR THE SCIENCE DENYING POPULATION AND THEIR MONEY GRUBBING CORRUPT POLITICIANS WHO ALLOWED THIS TO HAPPEN. 
IT COULD HAVE BEEN PREVENTED.
1200 roads are closed in N.C.
‘There is no access to Wilmington’ as Florence flooding overwhelms North Carolina” The winds have died down from #Florence, but the flooding is just beginning. Dams are breaking, whole cities have become islands, bridges are washed out, and roads are impassable.
It was the Gerrymandered Rep legislature that outlawed science but in any case, most of these people were already here. Many of them were historic homes. Many were the homes of very poor people.
https://www.usatoday.com/story/news/2018/09/17/florence-leaves-north-carolina-flash-flood-alert/1332725002/
And the worst is yet to come.
Waste from hog manure pits, coal ash dumps and other industrial sites wash into homes and threaten drinking water supplies. The state’s coal ponds are overflowing, coal sludge is poisoning the waters, killing aquatic life.
Example This already happened years ago:
Dead pigs down a flooded road on Rabon Maready’s farm near Beulaville, N.C. The hogs drowned from the floodwaters of the NE Cape Fear River after heavy rains from Hurricane Floyd flooded the area. ALAN MARLER / AP The bloated carcasses of hundreds of thousands of hogs, chickens and other drowned livestock bobbed in a nose-stinging soup of fecal matter, pesticides, fertilizer and gasoline so toxic that fish flopped helplessly on the surface to escape it. Rescue workers smeared Vick’s Vapo-Rub under their noses to try to numb their senses against the stench. Florence is forecast to make landfall in the same region as a much stronger storm.
WHY SOUTH CAROLINA ABANDONED PRISONERS DURING HURRICANE FLORENCE
The dangers of trapping people in a building from which they can’t escape, in the path of a major storm, are glaringly obvious: flooding, toxic mold, lost electricity, disrupted access to food, clean water, sanitation, and medical care in facilities that can barely provide them on a sunny day. And the idea that prisoners will be safer, when, at the same time, officials demand everyone else must leave, is a clear statement about the value of incarcerated lives.
https://shadowproof.com/2018/09/14/why-south-carolina-abandoned-prisoners-during-hurricane-florence/
Do the rats die in Hurricane #Florence?
The short answer is: some rats will drown, some will survive.
 
 

Congressional Research Service Reports Now Available Online @LibnOfCongress

September 17, 2018 by Gayle Osterberg
https://blogs.loc.gov/loc/2018/09/trending-congressional-research-service-reports-now-available-online/?loclr=twloc
This is a guest post by Librarian of Congress Carla Hayden.
I’m pleased to announce that, for the first time, the Library of Congress is providing Congressional Research Service (CRS) reports to the public.
The reports are available online at crsreports.congress.gov. Created by experts in CRS, the reports present a legislative perspective on topics such as agriculture policy, counterterrorism operations, banking regulation, veteran’s issues and much more.
Founded over a century ago, CRS provides authoritative and confidential research and analysis for Congress’ deliberative use.
The Consolidated Appropriations Act of 2018 directs the Library to also make CRS reports publicly available online. We worked closely with Congress to make sure that we had a mutual understanding of the law’s requirements and Congress’ expectations in our approach to this project.
The result is a new public website for CRS reports based on the same search functionality that Congress uses – designed to be as user friendly as possible – that allows reports to be found by common keywords. We believe the site will be intuitive for the public to use and will also be easily updated with enhancements made to the congressional site in the future.
Moving forward, all new or updated reports will be added to the website as they are made available to Congress. The Library is also working to make available the back catalog of previously published reports as expeditiously as possible. More details about this process can be found on the site’s Frequently Asked Questions page.
CRS reports supplement the official congressional information the Library provides on its congress.gov website.
In keeping with our desire to engage users with the Library and its materials, we are happy to see these reports put to the widest use possible. I hope that you find them a useful addition to the many resources available to you from the Library of Congress.

American History: K12 Internet History – K12Playground.com Find A School.

https://K12PlayGround.com

This is American K12 Internet History 

It is the First and the oldest list of schools who first built their own websites and were announced by Internet Pioneer Gleason Sackmann!

Find every regionally accredited Elementary, Middle and High School nationwide, including the territories. If you can’t find it … sign in and add your school.
You can Follow @K12PlayGround
This K12 School database first launched online in 1998 —  1 year later than google!

Perspective:

9/10/1990: Archie Query Formthe first Internet search engine was released
9/16/1997: Google.com domain name is registered Google’s pre-launch logo in 1997:
google1997
Number of Amazon employees:
2018
: 566,000
2008: 20,700
1998: 2,100
1995: 5
9/15/2008 Lehman Brothers Collapsed
Things that didn’t exist when Lehman Brothers collapsed
Uber Instagram Bitcoin iPad Snapchat Apple Maps Angry Birds Kickstarter GoFundMe WhatsApp Apple Watch FB Messenger Candy Crush Pinterest Alexa Venmo WeWork WeChat Tinder Twitch Siri Square Stripe Slack
Increase in market valuation since Lehman Brothers collapse:
JPMorgan Bank of America +$555 billion
Citigroup (combined)
Goldman Sachs Morgan Stanley
Facebook
Apple +$3.9 trillion
Amazon (combined)
Netflix Google
Apple’s valuation today: $1.07 trillion
Apple’s valuation when iPhone was unveiled in 2007: $75 billion
9/16/1985 Steve Jobs resigns as Apple Chairman
1997: Jobs rejoins Apple as CEO
Total number of iPhones sold:
Sep 2018: +1.4 billion
Aug 2017: 1.2 billion
Jul 2016: 1 billion
Apple’s annual services revenue:
2017: $29.9 billion
2016: $24.3 billion
2015: $19.9 billion
2014: $18.1 billion
2013: $16.1 billion
2012: $12.9 billion
2011: $9.4 billion
9/13/85 Super Mario Bros. was released
 
 

ATTENTION: HELP #Hurricane Florence #Ham Radio Operator Call Numbers wanted

@gole_yaas
In English, attention is something we pay.
In Spanish, attention is something we lend.
In French, attention is something we make.
And in Farsi, attention is something we do.

CALLING ALL #AMATEUR #HAMRADIO OPERATORS PLEASE RETWEET WITH YOUR CALL SIGNS TO HELP WITH #HURRICANEFLORENCE

#edchat #edleadership #edleaders #cpchat #suptchat #principals #superintendents #deeperlearning

https://K12PlayGround.com
follow RT @K12playground  #NationalSecurity we need #hamradio ham radio operators #hurricane #Florence tell us your call numbers we will post them so others may find you and follow.
#edtechchat #K12 #steam #curriculum #NationalSecurity #ActOnClimate #science #climatechange
@CharityNav has a list of over 20 nonprofits already preparing response to #HurricaneFlorence, including @AmericanHumane, @Americares, @FoodBankCENC, and @AdoptatCAS.

ATTENTION NORTH CAROLINA

… In 2012, the state whose low-lying coast lies in the path of Hurricane Florence reacted to a prediction of catastrophically rising seas by banning policies based on such forecasts.
But dire predictions alarmed coastal developers and their allies, who said they did not believe the rise in sea level would be as bad as the worst models predicted and said such forecasts could unnecessarily hurt property values and drive up insurance costs.
The legislation drew ridicule, including a mocking segment by comedian Stephen Colbert, who said: “If your science gives you a result you don’t like, pass a law saying the result is illegal. Problem solved.”
https://www.theguardian.com/us-news/2018/sep/12/north-carolina-didnt-like-science-on-sea-levels-so-passed-a-law-against-it

RT #NationalSecurity we need ham radio operators. Tell us your call numbers

ATTENTION #HAM RADIO OPERATORS #NATIONAL SECURITY

If you are prepared to help your community out with Hurricane Florence please send your call numbers

K12 HIGH SCHOOLS DO NOT HAVE #HAMRADIOS AND OPERATORS IN TO HELP WITH #SECURITY AND HURRICANE #FLORENCE FOR THEIR COMMUNITY

https://k12playground.com/projects/National_Security
WE WILL PUBLISH YOUR TO TWITTER @K12PlayGround
CALLING ALL OPERATORS PLEASE RETWEET WITH YOUR CALL SIGNS TO HELP WITH
https://twitter.com/K12PlayGround

 
 

All States should sue Purdue, Napp Pharma company and the Sackler family for the OxyContin Deaths.

At least half of the suit’s defendants are members of the multibillionaire Sackler family, which privately owns the OxyContin manufacturer.

OxyContin, which was released in 1996, eventually helped the Sackler family achieve a $13 billion net worth, earning them the 19th slot on Forbes’ annual list of the wealthiest families in the country. Despite their massive wealth, the family has spent nothing publicly on addiction rehab or treatment.

9/9/18 MA, NY, MN, WA, NJ, TX, SC, NH, AL, VA, AL, + MORE
Sue OxyContin Maker Purdue Pharma over OXY.

GET THE SACKLER FAMILY MONEY!

The Sackler family made billions of dollars from the sale of OxyContin, and Purdue Pharmaceuticals is valued at at least $13 billion as of 2016. In 2007, an affiliated company was ordered to pay $600 million in one of the largest pharmaceutical settlements in history for ‘felony misbranding’. The youngest Sackler, Raymond, is pictured with his wife Beverly. Raymond was in control of Purdue Pharma after Arthur died, and in 1999, passed the reigns to his son Richard. The father-son duo were working at Purdue when the company began manufacturing OxyContin and using questionable advertising practices to promote it.
Arthur, Mortimer and Raymond – are all dead, but many of their children were serving on the board of Cambridge sister company Napp Pharmaceuticals in 2016. The children and grandchildren of the three Sackler brothers, who started a pharmaceutical empire, continue to enjoy luxurious lifestyles and properties, such as the multi-million-dollar Central Park apartment in this building which is owned by Mortimer’s oldest daughter, Ilene Sackler Lefcourt – who was listed as a director of Purdue’s sister company, UK-based Napp Pharamaceutical Holdings, as of December 2016.
Richard Sackler, son of founding brother Raymond, headed Purdue from 1999 to 2003 and oversaw much of the increasing sales of OxyContin as it was being falsely advertised; as of December 2016, he was still listed as a director of sister company Napp Pharmaceuticals and now lives on this sprawling estate outside of Austin, Texas that features six bedrooms, six bathrooms, a pool and stunning views of Lake Austin
http://www.dailymail.co.uk/news/article-5413857/Sackler-family-billions-opioid-crisis.html
The family used their fortune to invest in the arts and philanthropy, with Sackler wings at the Metropolitan Museum in New York, Victoria and Albert Museum in London, and the Louvre in Paris – to name just a few.
More than 200 US states, cities and counties have filed lawsuits against Purdue Pharma
BURDEN OF COSTS TO THE TAXPAYER
Costs to the tax payer associated with the opioid epidemic: including emergency response, health care, criminal justice, rehabilitation and lost productivity. It’s no wonder the total estimated burden from the epidemic is enormous.
Health care research firm Altarum put the figure at $1 trillion since 2001. The White House Council of Economic Advisers estimates that, including lost productivity because of opioid deaths, the total economic cost from the opioid crisis reached $504 billion in 2015 alone.

https://www.npr.org/2018/04/18/602826966/anguished-families-shoulder-the-biggest-burdens-of-opioid-addiction
10/30/17 The Family That Built an Empire of Pain The Sackler dynasty’s ruthless marketing of painkillers has generated billions of dollars—and millions of addicts.
https://www.newyorker.com/magazine/2017/10/30/the-family-that-built-an-empire-of-pain
We consume 99 percent of the world’s hydrocodone and 81 percent of its oxycodone. We use an estimated 30 times more opioids than is medically necessary for a population our size.
http://nymag.com/daily/intelligencer/2018/02/americas-opioid-epidemic.html
In 1952, brothers Arthur, Raymond, and Mortimer Sackler purchased Purdue Pharma, then called Purdue Frederick Co. All three men were psychiatrists by trade.
The eldest brother, Arthur, was a brilliant polymath, contributing not only to psychiatric research but also thriving in the fledgling field of pharmaceutical advertising. It was here that he would leave his greatest mark. As a member of William Douglas McAdams, a small New York-based advertising firm, Sackler expanded the possibilities of medical advertising by promoting products in medical journals and experimenting with television and radio marketing. Perhaps his greatest achievement, detailed in his biography in the Medical Advertising Hall of Fame, was finding enough different uses for Valium to turn it into the first drug to hit $100 million in revenue.
How the American opiate epidemic was started by one pharmaceutical company
https://theweek.com/articles/541564/how-american-opiate-epidemic-started-by-pharmaceutical-company
the evasive legal tactics of Purdue Pharma, 2015 may be the year that Kentucky and its attorney general, Jack Conway, are able to move forward with a civil lawsuit alleging that the drugmaker misled doctors and patients about their blockbuster pain pill OxyContin, leading to a vicious addiction epidemic across large swaths of the state.
Sackler was among the first medical advertisers to foster relationships with doctors in the hopes of earning extra points for his company’s drugs, according to a 2011 exposé in Fortune.
http://fortune.com/2011/11/09/oxycontin-purdue-pharmas-painful-medicine/
Activists Shame Smithsonian Over Opioid-Tied Donations From The Owners Of Purdue Pharma | The Daily Caller
Activists gathered outside the Smithsonian Institution’s Arthur M. Sackler Gallery Thursday in Washington, D.C., to protest their acceptance of millions of dollars in philanthropy from the family blamed for igniting the opioid crisis.
The  Arthur M. Sackler Gallery is named for Arthur Sackler, who, along with brother Raymond and Mortimer, bought Purdue in the early 1950s. Arthur is known for pioneering the aggressive marketing campaigns now commonly employed by pharmaceutical companies to maximize their drug sales.
This strategy helped Arthur make Valium the first $100 million drug in the U.S., according to the Medical Advertising Hall of Fame.
Arthur died years before the company rebranded as Purdue Pharma and released OxyContin. However, Mortimer and Raymond lived to see the painkiller become a massive success. The Sacklers’ Purdue, through a major association that accredits health organizations, funded and distributed educational material beginning in the late 1990s that downplayed the risks of opioids.
“The Sackler brothers built an empire of pain on hundreds of thousands of people,” Goldin said, according to Art News. “For them, addiction equals profits.”
Goldin’s group previously protested at the Metropolitan Museum of Art in New York City in March to excoriate the institution for accepting massive contributions from the Sacklers. Demonstrators entered the Sackler Wing of the museum, which houses the famous Temple of Dendur, and littered the exhibit with prescription pill bottles in protest of the Sackler donations.
 

94 Year old knew all about Green Stamps and bought One Thousand dollars of bitcoin in 2015

https://medium.com/altcoin-magazine/6-ways-to-avoid-capital-gains-tax-on-your-bitcoin-transactions-cdea03e17eb4Green Stamps + Bitcoin = “Blow Stamps”

Image1

 

6 Ways to Avoid Capital Gains Tax on Your Bitcoin Transactions How to Legally Avoid Taxable Gains on Cryptocurrency

https://medium.com/altcoin-magazine/6-ways-to-avoid-capital-gains-tax-on-your-bitcoin-transactions-cdea03e17eb4
In 2018, its possible for individuals to gift up to $15,000 without documenting the transaction. If the amount is above $15,000 then a gift tax return would need to be filled (the annual gifting exclusion limit is $15,000 per individual). Did you know that US citizens can gift up to $11.2 million per lifetime?
One last point on Gifting — when the recipient cashes out (sells the crypto), the taxable value of the gift is determined by the market value on the day the gifting took place.
 
https://medium.com/altcoin-magazine/6-ways-to-avoid-capital-gains-tax-on-your-bitcoin-transactions-cdea03e17eb4
https://medium.com/altcoin-magazine/6-ways-to-avoid-capital-gains-tax-on-your-bitcoin-transactions-cdea03e17eb4