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White House Throws Toga Party For Emperor Obama At Caesar’s Palace Only Democrats Invited– Emperor Obama Has No Clothes — Congress Throws Parade Thanks Obama — Twist and Shout Republicans Dance In The Streets — Videos

Posted on November 20, 2014. Filed under: American History, Blogroll, British History, Business, College, Comedy, Communications, Constitution, Corruption, Crime, Crisis, Diasters, Documentary, Economics, Education, Employment, European History, Faith, Family, Federal Government, Federal Government Budget, Films, Fiscal Policy, Freedom, Friends, government spending, Health Care, history, Illegal, Immigration, Law, Legal, liberty, Life, Links, Literacy, media, Obamacare, People, Philosophy, Photos, Politics, Press, Private Sector, Public Sector, Radio, Radio, Rants, Raves, Regulations, Strategy, Talk Radio, Tax Policy, Technology, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 375: November 20, 2014

Pronk Pops Show 374: November 19, 2014

Pronk Pops Show 373: November 18, 2014

Pronk Pops Show 372: November 17, 2014

Pronk Pops Show 371: November 14, 2014

Pronk Pops Show 370: November 13, 2014

Pronk Pops Show 369: November 12, 2014

Pronk Pops Show 368: November 11, 2014

Pronk Pops Show 367: November 10, 2014

Pronk Pops Show 366: November 7, 2014

Pronk Pops Show 365: November 6, 2014

Pronk Pops Show 364: November 5, 2014

Pronk Pops Show 363: November 4, 2014

Pronk Pops Show 362: November 3, 2014

Pronk Pops Show 361: October 31, 2014

Pronk Pops Show 360: October 30, 2014

Pronk Pops Show 359: October 29, 2014

Pronk Pops Show 358: October 28, 2014

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014

Story 1: White House Throws Toga Party For Emperor Obama At Caesar’s Palace Only Democrats Invited– Emperor Obama Has No Clothes — Congress Throws Parade Thanks Obama — Twist and Shout Republicans Dance In The Streets — Videos

obama_toga1Barack-Obama-and-Joe-Biden-in-Togas-Caesars-Palace (1)

Caesars_Palace_-_Across_Bellagio_Lakecp_dinju2Caesars-Palacecaesars-palace (2)caesars_palace111Caesars_Palace_-_Statuetoga_partycaesars-palace-casino-las-vegas-bigCaesars_palace_night

toga! toga! toga! Animal House

Animal House

Ferris Bueller’s Twist And Shout

President Obama’s speech on immigration

Ted Cruz: We Are Witnessing A Constitutional Crisis • Kelly File

Krauthammer on Obama’s ‘flagrant assault’ on Constitution Fox News Video

Kurtz: Why broadcast networks are skipping Obama’s speech

O’Reilly to Jose Antonio Vargas: ‘You Don’t Have an Entitlement to Be Here’

Metro Detroit residents react to President Obama’s immigration plans

Locals, Governor Walker react to President Obama’s immigration address

USA: White House asked if Obama thinks he’s ‘emperor’ of the US

A Message Before the President’s Immigration Speech

‘Decimating Law Enforcement’: Sessions Slams Obama

Obama: I Am Not A Dictator – 3/1/2013

Obama: The Problem Is … I’m Not the Emperor of the United States

President Obama’s Tea Party ‘Cousin’ Dr.Milton Wolf Wants to Stop Him From ‘Destroying America’

EXPLAINED: Why Obama is Authorizing up to 5 Million Illegals

Obama’s Executive Order on Immigration Is Unlikely to Include Health Benefits

BREAKING TODAY: Obama to Give 5 MILLION “Undocumented Immigrants” Amnesty!

Oath of office of the President of the United States

“I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.

The Constitution of the United States

Excerpts

Article. I.

Section. 1.

All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

 

Article. 2.

Section. 1.

The executive Power shall be vested in a President of the United States of America. He shall hold his Office during the Term of four Years, and, together with the Vice President, chosen for the same Term, be elected, as follows

Section. 3.

He shall from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient; he may, on extraordinary Occasions, convene both Houses, or either of them, and in Case of Disagreement between them, with Respect to the Time of Adjournment, he may adjourn them to such Time as he shall think proper; he shall receive Ambassadors and other public Ministers; he shall take Care that the Laws be faithfully executed, and shall Commission all the Officers of the United States.

Section. 4.

The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.

 

Article. IV.

Section. 4.

The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened), against domestic Violence.

GOP senator warns of violence after immigration order

Susan Page

Oklahoma Sen. Tom Coburn warns there could be not only a political firestorm but acts of civil disobedience and even violence in reaction to President Obama’s executive order on immigration Thursday.

“The country’s going to go nuts, because they’re going to see it as a move outside the authority of the president, and it’s going to be a very serious situation,” Coburn said on Capital Download. “You’re going to see — hopefully not — but you could see instances of anarchy. … You could see violence.”

Coburn, 66, is a conservative Republican but one who has a personal relationship with Obama. They entered the Senate in the same class, elected in 2004, and the new senators from opposite ends of the political spectrum and their spouses immediately hit it off at an orientation dinner. Last year, the president wrote a tribute in Time magazine to Coburn as “someone who speaks his mind (and) sticks to his principles.”

“I really like the guy,” Coburn, 66, told USA TODAY’s weekly video newsmaker series Wednesday. “I thought he’s neat, and I think Michelle’s a neat lady.”

That history gives Coburn’s stark assessment a special sting. On immigration, he accuses Obama of acting like “an autocratic leader that’s going to disregard what the Constitution says and make law anyway.” He says changes in immigration policy require passage by Congress, not just the president’s signature — a charge the White House disputes and on which legal experts disagree.

“Instead of having the rule of law handling in our country today, now we’re starting to have the rule of rulers, and that’s the total antithesis of what this country was founded on,” Coburn says. “Here’s how people think: Well, if the law doesn’t apply to the president … then why should it apply to me?”

Coburn, who also served three terms in the House of Representatives, is retiring two years before his second Senate term is up as he battles a recurrence of cancer. He has been a leading deficit hawk, nicknamed “Dr. No” for his steadfast opposition to spending and his blunt-spoken manner.

Though he says both parties deserve some of the blame for Washington’s dysfunction, he argues that the president has the ability to chart a different path. Solid Republican control of Congress in the wake of this month’s midterm elections could make it easier to deal with an issue such as the structural problems associated with the deficit. Making the compromises necessary for that “requires divided government,” he says.

“If I were in his office, I’d say, if you want to have a successful second term, dig down, swallow your pride, get what you can get, compromise on everything you can for the best interests of the country,” he says. “Bring us back together.”

http://www.usatoday.com/story/news/politics/2014/11/19/usa-today-capital-download-with-tom-coburn/19263969/

 

 

 

Obama’s immigration speech Thursday night


Nov 20, 12:51 PM (ET)

By JIM KUHNHENN and ERICA WERNER


WASHINGTON (AP) — President Barack Obama is poised to claim broad authority to grant work permits to millions of immigrants living illegally in the United States and to protect them from deportation. But Republicans are vowing an all-out fight against it.

“Congress will act,” Senate Minority Leader Mitch McConnell warned on the Senate floor Thursday, hours before Obama’s 8 p.m. EST address.

Obama “will come to regret” his action, McConnell said. “We’re considering a variety of options. But make no mistake. When the newly elected representatives of the people take their seats, they will act.”

Obama’s measures could make as many as 5 million people eligible for work permits, with the broadest action likely aimed at extending deportation protections to parents of U.S. citizens and permanent residents, as long as those parents have been in the country for at least five years.


Other potential winners under Obama’s actions would be young immigrants who entered the country illegally as children but do not now qualify under a 2012 directive from the president that’s expected to be expanded. Changes also are expected to law enforcement programs and business visas.
However, the plan would leave the fate of millions more unresolved. With more than 11 million immigrants living in the country illegally, Obama’s actions would not offer specific protections to more than half.

Still, Obama was expected to ensure that many of those not covered — immigrants who have lived illegally in the U.S. for 10 years or more or parents of citizens or permanent residents who have been in the country fewer than five years — would be given a lower priority for deportation, essentially sanctioning what is already current practice.

“What I’m going to be laying out is the things that I can do with my lawful authority as president to make the system better, even as I continue to work with Congress and encourage them to get a bipartisan, comprehensive bill that can solve the entire problem,” Obama said in a video posted Wednesday on Facebook.

On Thursday, Obama discussed the need for an overhaul of the immigration system in the context of science and technology, saying the U.S. benefits from innovations and discoveries by scientists and researchers who come here to pursue their work.


“Part of staying competitive in a global economy is making sure we have an immigration 

system that doesn’t send away talent but attracts it,” Obama said at a White House ceremony recognizing achievements in science, technology and innovation. “So that’s what I’ll be talking about a little bit tonight.”But the vehement reactions of Republicans, who will have control of Congress come January, made clear that Obama was courting a serious partisan confrontation.

Some on the right pushed for using must-pass spending legislation to try to stop Obama’s effort. One lawmaker — Republican Rep. Mo Brooks of Alabama — raised the specter of impeachment.

Party leaders warned against such talk and sought to avoid spending-bill tactics that could lead to a government shutdown. They said such moves could backfire, alienating Hispanic voters and others.

In a closed-door meeting with other Senate Republicans, McConnell urged restraint. Still, there were concerns among some Republicans that the potential 2016 presidential candidates in the Senate would use the announcement to elevate their standing, challenging Obama directly.

And as far-reaching as Obama’s steps would be, they fall far short of what a comprehensive immigration overhaul passed by the Senate last year would have accomplished. The House never voted on that legislation. It would have set tougher border security standards, increased caps for visas for foreign high-skilled workers and allowed the 11 million immigrants illegally in the country to obtain work permits and begin a 10-year path toward green cards and, ultimately, citizenship.

“This is not the way we want to proceed. It will not solve the problem permanently,” White House communications director Jennifer Palmieri said Thursday on MSNBC.

None of those affected by Obama’s actions would have a direct path to citizenship, and his actions could be reversed by a new president after he leaves office. Moreover, officials said the eligible immigrants would not be entitled to federal benefits — including health care tax credits — under Obama’s plan.

Some immigrant advocates worried that even though Obama’s actions would make millions eligible for work permits, not all would participate out of fear that Republicans or a new president would reverse the executive orders.

“If the reaction to this is that the Republicans are going to do everything they can to tear this apart, to make it unworkable, the big interesting question will be, will our folks sign up knowing that there is this cloud hanging over it,” said Janet Murguia, president and CEO of the National Council of La Raza.

Still, Democrats battered by election losses two weeks ago welcomed Obama’s steps.

“The last two weeks haven’t been great weeks for us,” said Rep. Joe Crowley of New York, one of 18 congressional Democrats who had dinner Wednesday night with Obama. “The president is about to change that.”

http://apnews.myway.com/article/20141120/us-obama-immigration-2e70f2e672.html

The Pronk Pops Show Podcasts Portfolio

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More On Jonathan Gruber, Basically PhD (Piled Higher and Deeper) on Healthcare, Obamacare and Lack of Transparency — The American Voters Were Not Stupid And Rejected Democrats Who Supported Obamacare By Voting Them Out of Office — But The Democratic Progressive Elitist Establishment Are Liars and Losers — Stupid Is As Stupid Does — Death Knell of Socialized Medicine — Repeal Obamacare Now! — Videos

Posted on November 13, 2014. Filed under: American History, Blogroll, Business, College, Constitution, Corruption, Crime, Crisis, Data, Demographics, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Health Care, IRS, Law, liberty, Life, Links, media, Microeconomics, Monetary Policy, Obamacare, People, Philosophy, Politics, Private Sector, Public Sector, Regulations, Resources, Strategy, Talk Radio, Taxes, Technology, Unemployment, Unions, Video, War, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 370: November 13, 2014

Pronk Pops Show 369: November 12, 2014

Pronk Pops Show 368: November 11, 2014

Pronk Pops Show 367: November 10, 2014

Pronk Pops Show 366: November 7, 2014

Pronk Pops Show 365: November 6, 2014

Pronk Pops Show 364: November 5, 2014

Pronk Pops Show 363: November 4, 2014

Pronk Pops Show 362: November 3, 2014

Pronk Pops Show 361: October 31, 2014

Pronk Pops Show 360: October 30, 2014

Pronk Pops Show 359: October 29, 2014

Pronk Pops Show 358: October 28, 2014

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014

Story 1: Part II More On Jonathan Gruber, Basically PhD (Piled Higher and Deeper) on Healthcare, Obamacare and Lack of Transparency — The American Voters  Were Not Stupid And Rejected Democrats Who Supported Obamacare By Voting Them Out of Office — But The Democratic Progressive Elitist Establishment Are Liars and Losers — Stupid Is As Stupid Does — Death Knell of Socialized Medicine — Repeal Obamacare Now! — Videos

Stupid Is As Stupid Does


jonathan_gruber_1

obamacare_architect_jonathan_gruber_open_mic

“This bill was written in a tortured way to make sure CBO did not score the mandate as taxes. If CBO [Congressional Budget Office] scored the mandate as taxes, the bill dies. Okay, so it’s written to do that. In terms of risk rated subsidies, if you had a law which said that healthy people are going to pay in – you made explicit healthy people pay in and sick people get money, it would not have passed… Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really really critical for the thing to pass….Look, I wish Mark was right that we could make it all transparent, but I’d rather have this law than not.”

~Jonathan Gruber

Stupid is as stupid does, Mrs. Blue..

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Krauthammer rips Jonathan Gruber: “We’re hearing the true voice of liberal arrogance”

GRUBER: “Lack of transparency is a huge political advantage.”

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Flashback: Obama: Transparency and the rule of law will be the touchstones of this presidency.

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Dems including Harry Reid, Sebelius, and Obama admit Single Payer Healthcare is ultimate goal

 

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obamacare

“If you like your plan, you can keep your plan.” – Barack Obama

obama

Obama-If-You-Like-Your-Health-Care-Plan-You-Can-Keep-It

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Jon Stewart on You Can Keep Your Plan. Period.

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Conversation: “Health Care Reform,” The Comic Book

Gruber Files- Harvard University

The Cadillac Tax

Obama admits he DID raise taxes

Obamacare’s Cadillac Tax Pushing People To Plans With High Deductible- Union You Got What You Wanted

Jonathan Gruber brags about the “basic exploitation” of American voters

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Unions & Cadilac Health Care Plans

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Rep Joe Courtney Discusses “Cadillac Tax” with Neil Cavuto on Fox Business News Channel

HealthCare Reform – Modified Community Rating Part 1 – Federal Marketplace

HealthCare Reform – Modified Community Rating Part 2 – Federal Marketplace

Community Rating – How the Affordable Care Act Impacts Small Business Owners

Forrest Gump TRAILER

Honest Trailers – Forrest Gump

Forrest Gump’s most beautiful quote

Funeral Toll & Peal, Mount Angel Abbey

When a monk passes away during the night, the toll is sounded early the following morning. It is repeated after the funeral Mass, when the monks process down to the cemetery, and ends with a peal of all the bells. These are the last few tolls of the sequence on the largest bell in the Pacific Northwest.

Please pray for the eternal repose of the soul of this monk, that he may enter into everlasting life with Christ.

Martin Luther King – For whom the bell tolls

Nancy Pelosi says she doesn’t know who Jonathan Gruber is. She touted his work in 2009.

By Aaron Blake

House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that, not only did Jonathan Gruber not play a significant role in drafting Obamacare, but that she doesn’t even “know who he is.”

Many have pointed out since then that Pelosi’s office has cited Gruber’s work in the past. That’s notable, but it’s very unlikely Pelosi herself wrote those press releases herself or even participated in their drafting.

But then there’s this: Pelosi herself has also mentioned Gruber and his work — back in November 2009, at the height of the Obamacare debate.

Here’s the transcript, via Nexis:

Q: As you know, the Republicans released their health- care bill this week. And I wanted to get your comment on the bill, and specifically on the CBO analysis that it would cost significantly less than the Democratic plan and that it would lower premiums.

PELOSI: Let me just say this. Anything you need to know about the difference between the Democratic bill and the Republican bill is that the Republicans do not end the health insurance companies’ discrimination against people with preexisting conditions. They let that stand. That’s scandalous, the fact that it exists. I don’t understand why they have not heard the American people, who have said preexisting conditions should not be a source of discrimination.

And secondly, the Republican plan ensures about 3 million more people than now, and ours does 36 million people. So that’s a very big difference in that.

We’re not finished getting all of our reports back from CBO, but we’ll have a side by side to compare. But our bill brings down rates. I don’t know if you have seen Jonathan Gruber of MIT’s analysis of what the comparison is to the status quo versus what will happen in our bill for those who seek insurance within the exchange. And our bill takes down those costs, even some now, and much less preventing the upward spiral.

So again, we’re confident about what we set out to do in the bill: middle class affordability, security for our seniors, and accountability to our children.

Pelosi’s office told the Washington Post that the minority leader meant that she didn’t know Gruber personally.

“She said she doesn’t ‘know who he is,’ not that she’s never heard of him,” Pelosi spokesman Drew Hammill said.

Hammill added: “We’ve cited the work of dozens upon dozens of economists over the years. As the leader said today, Mr. Gruber played no role in drafting our bill.”

Pelosi clearly wants to distance herself and Obamacare from Gruber, given Gruber’s controversial comments about “the stupidity of the American voter,” and Democrats are going to argue that Gruber wasn’t instrumental in the bill. But, as an architect of the Massachusetts health-care law and a consultant to the White House on Obamacare, he’s been regularly cited by Democrats as an authority on this issue — including, apparently, by Pelosi.

http://www.washingtonpost.com/blogs/the-fix/wp/2014/11/13/nancy-pelosi-says-she-doesnt-know-who-jonathan-gruber-is-she-touted-his-work-in-2009/

This Philly-Based Investment Adviser Has Become Obamacare’s Digital Menace

Sam Stein

You could pardon Rich Weinstein for gloating. These past few days, he’s enjoyed the type of journalistic high that comes with unearthing a particularly meaty scoop.

Except Weinstein is no journalist. He’s a Philadelphia-based investment adviser approaching 50 who, until a half-year ago, was unknown to the political world. A set of videos he found of Jonathan Gruber, a Massachusetts Institute of Technology economist who played an important role in drafting the Affordable Care Act, changed all that. The videos have become rich context for a legal challenge to the law now heading to the Supreme Court, and they’ve made Weinstein the celebration of conservative circles.

“This is going to sound a little cocky and I don’t want it to be,” Weinstein told The Huffington Post Tuesday in one of the the media interviews he’s given on his feat. “But I’m not partially responsible for finding those clips. I’m completely responsible.”

Weinstein’s story, in some respects, would be the stuff of a made-for-TV movie — if the director is a member of the tea party and eager to dramatize the Affordable Care Act’s unraveling (those two points, admittedly, are redundant).

Weinstein, who runs his own company, and his family lost their health insurance after Obamacare forced higher standards for policies. On the exchange, the only plan with similar benefits was twice the cost of his old one. Irritated, he began looking into who put together the Affordable Care Act, searching Google with the term “ACA architects.” Days consumed with researching old videos became nights.

“Remember when the husbands used to come home at night in the ’50s and ’60s and grab a newspaper and read it?” said Weinstein. “Well, I’m like that with the iPad. It was a lot of time. For the past year, I put a lot of time into this.”

His break came last winter. An op-ed in the Wall Street Journal by Scott Pruitt, the attorney general of Oklahoma, outlined a long-shot legal argument that said a direct interpretation of Affordable Care Act precluded giving subsidies to people on federally run exchanges. Weinstein had seen that argument before, albeit from a different vantage point. Months earlier, he had stumbled across video of Gruber stating that the subsidies to help low-income Americans buy insurance are reserved for state-established exchanges, if only to give states an incentive to establish an exchange

Weinstein had a smoking gun, but no one to show it to.

“I’ve got the tinfoil hat,” Weinstein said, excusing the reporters who ignored his early entreaties. “People in the media must be overwhelmed with idiots like me who think they have something.”

So he took time off — three to four months — and watched his kids play lacrosse. Then, in July, two conservative justices on a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit ruled that the subsidies for those shopping on federally run exchanges were, indeed, illegal. People were talking about the issue again.

Weinstein dropped comments about his Gruber video onto The Washington Post’s Volokh Conspiracy blog. Eventually, Ryan Radia, of the Competitive Enterprise Institute, a libertarian think tank, noticed and turned it into a blog post.

Dominos began to fall. Weinstein’s first video was included in the legal challenge to Obamacare. And that challenge — King v. Burwell — ended up making its way to the Supreme Court. “Which is crazy,” Weinstein said. “Crazy because I found it. Not crazy because it is a crazy legal case.”

This week, another of Weinstein’s videos emerged. This one is of Gruber saying that a bit of budgetary deception helped Obamacare pass in Congress (“call it the stupidity of the American voter, or whatever,” said the professor). This, too, found its way into the mainstream conversation. Gruber on Tuesday went on MSNBC to apologize for his language, though he may have return. Weinstein said he has another video of a similar comment that he will soon release.

Should the Supreme Court ultimately rule against subsidies being available on federally run insurance exchanges, it would, in some ways, make the perfect ending to a conservative-inspired Horatio Alger story.

“I’m kind of a nobody,” said Weinstein. “And, I think, people who are out there, just the average person who gets hacked off about something or has an interest about something, I think I’m a perfect lesson that any one person can make a difference. Anybody. Even guy with the tinfoil hat in his mom’s basement.”

Except life and politics aren’t that simple. There is texture. Weinstein doesn’t live in his mom’s basement. He just says it for rhetorical flair. For those who would like to dismiss him as a knee-jerk partisan, he’s not that, either. He voted for Bill Clinton, he said, before he cast a ballot for Ross Perot and, most recently, Mitt Romney. Certainly, he’s no longer a “nobody” in the fight against Obamacare. Elements of the conservative movement have geared up to both promote and protect his work.

Phil Kerpen, who founded the group American Commitment and formerly was vice president for the Koch-funded Americans for Prosperity, helped spread the second of Weinstein’s videos. Once Kerpen found out an article was in the works, he sent a tweet suggesting The Huffington Post was “doxxing” Weinstein for attacking Gruber. The tweet came just minutes after The Huffington Post asked Weinstein whether he had used an online alias before commenting on The Volokh Conspiracy.

But the real nuance is in the history and the policy details. Gruber was an architect of Obamacare. But he wasn’t the only architect. The staffs to former Sen. Max Baucus (D-Mont.) and Rep. Henry Waxman (D-Calif.), among others, deserve their fair share of credit or blame, depending on one’s perspective.

On the issue of subsidies, the Gruber statement that Weinstein unearthed remains a gem for a reason. It’s because it’s rare (Gruber called it a “speak-o” — like a typo). There has been one other instance unearthed of Gruber discussing tax incentives as a means of compelling a state to set up an exchange.

For defenders of the law, that’s still thin gruel compared with the widely accepted belief during and after the crafting of the bill that subsidies would be universal. (The IRS ruled this way in May 2012, five months after Gruber’s speech.)

For critics, it’s proof enough.

“I don’t think he misspoke at all. I don’t think he was taken out of context and I don’t think he misspoke,” said Weinstein.

And then there is the issue of practical outcomes. Weinstein became a digital archaeologist after the cost of his insurance went up two-fold. Should a lawsuit succeed in eliminating subsidies for those buying insurance on federally run exchanges, it would result in many people confronting similar, or worse, price hikes. It’s an outcome that Weinstein admitted weighs on him, even as he keeps scanning the Web for more Gruberisms.

“It does,” Weinstein said. “But the way you say it makes it sound like nothing else will happen. Like it is a straight line. Subsidies are taken away and the world ends. And I think that’s not fair. I think there will most certainly be a disruption. No doubt about it. I think some states will go build their own exchanges quickly. But, I think the markets would find a way to adjust.”

“It does bother me,” he added later. “I get it. I’m not an evil person. I just think people should see these videos. I just think people should know what’s going on. “

http://www.huffingtonpost.com/2014/11/11/rich-weinstein-jonathan-gruber_n_6142340.html

Hearings floated as Hill Republicans seize on Gruber Obamacare comments

 By Robert Costa and Jose A. DelReal

Congressional Republicans seized Wednesday on controversial commentsmade by a former health-care consultant to the Obama administration, with one leading House conservative suggesting that hearings could be called in response as part of the GOP effort to dismantle the law in the next Congress and turn public opinion ahead of the 2016 election.

“We may want to have hearings on this,” said Rep. Jim Jordan (R-Ohio), an influential voice among GOP hardliners and a member of the House Oversight and Government Reform Committee, in an interview at the Capitol. “We shouldn’t be surprised they were misleading us.”

The firestorm began when a video emerged showing Jonathan Gruber, a high-profile architect of the Affordable Care Act and one of its fiercest advocates, suggesting that the health reform law passed through Congress because of the “stupidity of the American voter” and a “lack of transparency” over its funding mechanisms. The remarks were originally made in 2013 during a panel discussion at the University of Pennsylvania but began heavy circulation on social media Monday.

“This bill was written in a tortured way to make sure CBO did not score the mandate as taxes,” Gruber said. “Lack of transparency is a huge political advantage. And basically, call it the ‘stupidity of the American voter’ or whatever, but basically that was really, really critical to getting the thing to pass.”

Gruber apologized for his incendiary remarks in an on-air interview with MSNBC Tuesday afternoon, calling his comments inappropriate and saying he was speaking “off the cuff.” On Tuesday evening, Fox News’ Megyn Kelly aired a second video, of Gruber calling voters stupid, also from 2013.

The controversy has lit a fire under conservatives eager to dismantle the law and has raised eyebrows among the law’s defenders, who are concerned that such comments will further damage the law’s already shaky standing with American voters. It also comes after a sweeping electoral victory for Republicans last Tuesday, who won control of the Senate and bolstered the size of their majority in the House.

Jordan said House Republicans have been sending each other a blizzard of e-mails and text messages this week, and he expects the interest in “bringing [Gruber] up here to talk” will gain traction as members return to Washington. House Republicans will gather Thursday evening for their first series of votes since the election.

“I just had a colleague text me saying, ‘We’ve got to look into this!” Jordan said as he glanced at his phone outside the House floor Wednesday morning.

The chatter among lawmakers echoes the outrage among the conservative grassroots over the comments. Sen. Ted Cruz in a speech last week said targeting ACA must remain the party’s top priority. “Now is the time to go after and do everything humanely possible to repeal Obamacare,” he said.

House GOP leadership aides expressed new optimism that their desire to target the ACA could get some momentum. While rhetorically committed to full repeal, in order to keep the party’s right flank on board, the party is looking more seriously at undermining specific parts of the law as it navigates divided government next year. Those moves could include repealing the medical device tax; watering down a requirement that employers offer full time workers coverage, which takes effect in January; and changing the definition of a full-time worker from someone who works at least 30 hours a week to someone who works at least 40 — all proposals which could win some Democratic support.

On the other side of the Capitol, Sen. Jeff Sessions (R-Ala.), who is slated to become chairman of the powerful Senate budget committee, also threw his support behind possible hearings. In a furious gaggle with reporters, Sessions said Gruber’s comments could make dealings with the White House more difficult, days after Republican leaders said they would seek areas of common ground.

“The strategy was to hide the truth from the American people,” Sessions said. “I’m not into this post-modern world where you can say whatever you want to in order to achieve your agenda. That is a threat to the American republic… This is far deeper and more significant than the fact that he just spoke.”

Other Senate Republicans expressed similar discomfort with Gruber, but warned conservatives to not get their hopes up about repealing the health-care law while President Obama remains in office, underscoring the tonal difference between the more rabble-rousing House GOP and the new and more even-tempered Republican Senate majority.

Heading into a party luncheon on Wednesday, retiring Sen. Tom Coburn (R-Okla.) said the health care law “is going to still be there regardless because we don’t have the votes” to undo it.

“We can talk all we want but he is going to veto whatever we send him,” Coburn said. “That’s the reality.”

Sen. Ron Johnson (R-Wis.) said he was unsure of how Senate Republicans would use the Gruber kerfuffle to go after the law, if at all. For the moment, he said, Republicans should focus on using the episode to highlight how the national press has covered the president’s signature policy.

“What Gruber said should be read and reported on by every news organization,” he said. “People should be aware of how this administration thinks.”

Several Democrats said Wednesday that they were unaware of Gruber’s comments and declined to speculate on whether there could be political consequences, underscoring how much of the discussion is being driven by Republicans. One, however, did distance herself from the arguably aloof phrasing used by Gruber. “I have not seen them,” said Sen. Patty Murrary (D-Wash). “But I do think voters are pretty smart.”

The challenge for Republicans will be balancing the conservative ire surrounding Gruber with the leaders’ political imperative to establish themselves as a governing congressional majority. House Speaker John Boehner (R-Ohio) and incoming Senate Majority Leader McConnell (R-Ky.) have pledged to bring another repeal bill to floor, but are also focused on achieving incremental legislative gains on Keystone XL and trade agreements.

http://www.washingtonpost.com/blogs/post-politics/wp/2014/11/12/hearings-floated-as-hill-republicans-seize-on-gruber-obamacare-comments/

 

 

Jon Gruber finally speaks! … to MSNBC

POSTED AT 6:01 PM ON NOVEMBER 11, 2014 BY NOAH ROTHMAN

On Saturday, Newsbusters was the first major website to feature a video posted to YouTube by AmericanCommitment of Obamacare architect Jonathan Gruber boasting in 2013 how he helped deceive the public via a lack of transparency about that bill. Some readers were anxious about that video being made better known to the public since at the time the article was published, there were only a couple of dozen views of the video on YouTube.

Well they needn’t have worried because since then the video has gone over the top viral to the extent that Rush Limbaugh led his show talking about it at length this morning as did Sean Hannity on his radio show. In addition, the video made it into the mainstream media other than Fox News when Jake Tapper showed the video today on The Lead and The Hill has an article about it as well. As of this writing the video has over 177,000 views and growing fast. Reason today had an excellent analysis of the Gruber revelations:

Massachusetts Institute of Technology Professor Jonathan Gruber was, by most accounts, one of the key figures in constructing the Affordable Care Act, better known as Obamacare. He helped designed the Massachusetts health care law on which it was modeled, assisted the White House in laying out the foundation of the law, and, according to The New York Times, was eventually sent to Capitol Hill “to help Congressional staff members draft the specifics of the legislation.” He provided the media with a stream of supportive quotes, and was paid almost $400,000 for his consulting work.

Jonathan Gruber, in other words, knows exactly what it took to get the health care law passed.

And that’s why you should take him seriously when he says, in the following video, that it was critical to not be transparent about the law’s costs and true effects, and to take advantage of the “stupidity of the American voter” in order to get it passed:

Here’s the full quote:

“This bill was written in a tortured way to make sure CBO did not score the mandate as taxes. If CBO [Congressional Budget Office] scored the mandate as taxes, the bill dies. Okay, so it’s written to do that. In terms of risk rated subsidies, if you had a law which said that healthy people are going to pay in – you made explicit healthy people pay in and sick people get money, it would not have passed… Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really really critical for the thing to pass….Look, I wish Mark was right that we could make it all transparent, but I’d rather have this law than not.”

This validates much of what critics have said about the health care law, and the tactics used to pass it, for years.

For one thing, it is an explicit admission that the law was designed in such a way to avoid a CBO score that would have tanked the bill. Basically, the Democrats who wrote the bill knowingly gamed the CBO process.

It’s also an admission that the law’s authors understood that one of the effects of the bill would be to make healthy people pay for the sick, but declined to say this for fear that it would kill the bill’s chances. In other words, the law’s supporters believed the public would not like some of the bill’s consequences, and knowingly attempted to hide those consequences from the public.

Most importantly, however, it is an admission that Gruber thinks it’s acceptable to deceive people if he believes that’s the only way to achieve his policy preference. That’s not exactly surprising, given that he failed to disclose payments from the administration to consult on Obamacare even while providing the media with supposedly independent assessments of the law.

…Gruber may believe that American voters are stupid, but he was the one who was dumb enough to say all this on camera.

Now that various MSM outlets have begun to pay attention to the Gruber Obamacare deception video, it will be fascinating to see what type of excuses will be made by the pundits to cover for what he admitted. Bonus points to Jonathan Cohn at New Republic or Politico or any of a vast number of liberal sources for whoever can dream up the most entertaining spin control to explain away this viral video.

p.s. Did I mention that Newsbusters was the first major website to feature this video?

- See more at: http://newsbusters.org/blogs/pj-gladnick/2014/11/10/jonathan-gruber-obamacare-deception-video-goes-viral-newsbusters-was#sthash.OIUxVcFC.dpuf

http://hotair.com/archives/2014/11/11/jon-gruber-finally-speaks-to-msnbc/

Jonathan Gruber at Noblis – January 18, 2012

Honors Colloquium 2012 – Jonathan Gruber

Dr. Jonathan Gruber is a Professor of Economics at the Massachusetts Institute of Technology, where he has taught since 1992. He is also the Director of the Health Care Program at the National Bureau of Economic Research, where he is a Research Associate. He is an Associate Editor of both the Journal of Public Economics and the Journal of Health Economics. In 2009 he was elected to the Executive Committee of the American Economic Association. He is also a member of the Institute of Medicine, the American Academy of Arts and Sciences, and the National Academy of Social Insurance.

Dr. Gruber received his B.S. in Economics from MIT, and his Ph.D. in Economics from Harvard University. Dr. Gruber’s research focuses on the areas of public finance and health economics. He has published more than 140 research articles, has edited six research volumes, and is the author of Public Finance and Public Policy, a leading undergraduate text, and Health Care Reform, a graphic novel. In 2006 he received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under. During the 1997-1998 academic year, Dr. Gruber was on leave as Deputy Assistant Secretary for Economic Policy at the Treasury Department. From 2003-2006 he was a key architect of Massachusetts’ ambitious health reform effort, and in 2006 became an inaugural member of the Health Connector Board, the main implementing body for that effort. In that year, he was named the 19th most powerful person in health care in the United States by Modern Healthcare Magazine.

2012-01-09 Jonathan Gruber on Mitt Romney and Health Care Reform

Jonathan Gruber Once Again Says Subsidies Are Tied to State-Based Exchanges

Jonathan Gruber discusses health care law’s next step

Healthcare Reform 101 Part 1.

Healthcare Reform 101 Part 2.

Healthcare Reform 101 Part 3.

Jonathan Gruber on Obamacare: Part 1 of 3

Jonathan Gruber on Obamacare: Part 2 of 3

Crafting ObamaCare

Obamacare Architect: No State Exchange = No Subsidies; Blatant Enough

#GruberGate: Tale of the Tapes

Rush Limbaugh – MIT Gruber Lied about Obamacare

Rush Limbaugh: Jonathan Gruber says you are Life’s Lottery Winners – Eugenics

Gwen and Jonathan Gruber Talk Health Care with Chris Matthews

Obama 2008: Bypassing Congress Unconstitutional; I’ll Reverse It

Lec 1 | MIT 14.01SC Principles of Microeconomics

 

Meet Jonathan Gruber, the man who’s willing to say what everyone else is only thinking about Obamacare

By Jason Millman

Jonathan Gruber might not be a household name, but in the world of health care policy, he’s a pretty big deal. And now he’s also known as the guy who’s credited “the stupidity of the American voter” for the passage of the Affordable Care Act.

An old video surfaced this week of Gruber saying that a lack of transparency was one of the reasons Obamacare got through Congress in 2010. Gruber, a Massachusetts Institute of Technology health economist who’s credited as one of the intellectual godfathers of the Affordable Care Act, has apologized for speaking off the cuff, but critics of the law are eagerly highlighting his comments.

That’s because of what Gruber represents. He was one of the architects of the 2006 Massachusetts health care law, which became the basis for the ACA, and he helped craft the federal legislation that used a similar scheme of guaranteed coverage, financial assistance and insurance mandates. He was far from the only person who helped shape the ACA, but he has been one of its most vocal academic defenders in the nearly five years since it passed. (And he’s the only one to write a comic book about the law.)

It’s easy to see why Gruber’s comments get pored over by ACA opponents. There’s plenty of misunderstanding about what’s in the ACA and mistrust of the motivations for passing the law — just recall Nancy Pelosi’s infamous line about needing to pass the bill to find out what’s in it. So when someone like Gruber, who’s supposed to know the law inside and out, seemingly confirms critics’ worst suspicions, that makes for a powerful anecdote.

Gruber, who’s fiercely intelligent and passionate about the health reforms he helped create, also isn’t one to always sugarcoat things.

Earlier this year, a pretty important health policy study showed that the expansion of Medicaid coverage in Oregon was associated with a spike in emergency room visits. The research potentially undercut an argument by supporters of the law who said it would save money since giving more people health insurance meant patients would rely more on primary care providers, rather than expensive trips to the ER. And Gruber, commenting on the study, offered an uncomfortable truth.

“I would view [the study] as part of a broader set of evidence that covering people with health insurance doesn’t save money,” Gruber told the Washington Post at the time. “That was sometimes a misleading motivator for the Affordable Care Act. The law isn’t designed to save money. It’s designed to improve health, and that’s going to cost money.”

You may also remember Gruber from the last presidential campaign, when there was plenty of debate over just how similar Obamacare and Romneycare actually were to one another. It was Gruber who artfully cleared up the confusion. “They’re the same f—— bill,” he told Capital New York in what became a widely circulated interview three years ago. It’s probably what ACA supporters wanted to say all along, but only Gruber went ahead and did it.

His most potentially damaging comments surfaced just over the summer, when Gruber seemingly gave credence to the ACA challenge just taken up by the Supreme Court last week — a challenge that if successful couldtorpedo the law.

The case revolves around whether residents in states that refused to set up their own health insurance marketplaces should still be able to claim tax subsidies to help them afford their insurance. Opponents say no, Congress intentionally didn’t allow that under the law. Democrats say they never intended for people in these 36 states to not have access to the financial assistance.

Here was Gruber again, in January 2012, telling a health-care conference that states refusing to set up their own exchanges would deny their residents premium tax credits. The video wasn’t widely viewed until June of this year, but this is what he said at the time:

I think what’s important to remember politically about this, is if you’re a state and you don’t set up an exchange, that means your citizens don’t get their tax credits. But your citizens still pay the taxes that support this bill. So you’re essentially saying to your citizens, you’re going to pay all the taxes to help all the other states in the country. I hope that’s a blatant enough political reality that states will get their act together and realize there are billions of dollars at stake here in setting up these Exchanges, and that they’ll do it. But you know, once again, the politics can get ugly around this.

Here’s the video, with these comments near the 31:30 mark:

 

Critics of the law jumped on those comments as further validation of their challenge to the subsidies in the 36 states relying on the federal-run insurance marketplaces, or exchanges. Gruber later said that he misspoke, and that his own work always assumed all exchanges — whether run by the states or the federal government — would be eligible for subsidies.

Gruber’s latest comments have surfaced at an especially inopportune time for the Obama administration. The next enrollment period is approaching this weekend with lowered expectations, just as Republicans reclaimed the Senate and the Supreme Court agreed to hear a new Obamacare challengethat could seriously weaken the law.

The Democrats, realizing how harmful Gruber’s latest comments have become, are already out doing damage control. Former Vermont Gov. Howard Dean was on MSNBC’s “Morning Joe” today to put distance between Gruber and the health-care law, saying he’s not even sure that Gruber ever met with President Obama.

“He’s a consultant, not the architect [of Obamacare,” Dean said. “I’m not excusing the language — it’s terrible.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/12/meet-jonathan-gruber-the-man-whos-willing-to-say-what-everyone-else-is-only-thinking-about-obamacare/

Jonathan Gruber (economist)

From Wikipedia, the free encyclopedia
For other people of the same name, see Jonathan Gruber (disambiguation).
Jonathan Gruber
Born September 30, 1965 (age 49)
Nationality American
Institution MIT
Field Health economics
Alma mater Harvard University (PhD, 1992)
MIT (BSc, 1987)
Information at IDEAS/RePEc

Jonathan Holmes Gruber is a professor of economics at the Massachusetts Institute of Technology, where he has taught since 1992. He is also the director of the Health Care Program at the National Bureau of Economic Research, where he is a research associate. He is an associate editor of both the Journal of Public Economics and the Journal of Health Economics.

Gruber has been heavily involved in crafting public health policy. He was a key architect of both the 2006 Massachusetts health care reform, sometimes referred to as “Romneycare”, and the 2010 Patient Protection and Affordable Care Act, sometimes referred to as “Obamacare”.

Contents

Early life

Gruber was born on September 30, 1965. He completed his BS in economics from the Massachusetts Institute of Technology in 1987 and his PhD in economics from Harvard University in 1992, with a thesis titled Changes in the Structure of Employer-Provided Health Insurance.[1]

Academic career

Gruber began his career as an assistant professor of economics at MIT.[2] Currently, [clarification needed] he is a professor of economics at MIT. He is also a research associate at the National Bureau of Economic Research.[2]

Gruber’s research has focused on public finance and health economics. He has published more than 140 research articles, and has edited six research volumes. He is a co-editor of the Journal of Public Economics, an associate editor of the Journal of Health Economics, and the author of Public Finance and Public Policy.[3] and Health Care Reform, a graphic novel delineating the Affordable Care Act.[citation needed]

Public service

During the 1997–1998 academic year, Gruber was on leave as Deputy Assistant Secretary for Economic Policy at the Treasury Department. From 2003–06 he was a key architect of Massachusetts health care reform, also known as “Romneycare”. In 2006 he became an inaugural member of the Health Connector Board, the main implementing body for that effort. In that year, he was named the 19th most powerful person in health care in the United States by Modern Healthcare magazine. During the 2008 election he was a consultant to the Clinton, Edwards and Obama presidential campaigns.

Patient Protection and Affordable Care Act

In 2009–10 Gruber served as a technical consultant to the Obama Administration and worked with both the administration and Congress to help craft the Patient Protection and Affordable Care Act, often referred to as the ACA or “Obamacare”.[4] The act was signed into law in March 2010, and Gruber has been described as an “architect”, “writer”, and “consultant” of the legislation. He was widely interviewed and quoted during the roll-out of the legislation. [5][6][7][8][9]

In January 2010, after news emerged that Gruber was under a $297,000 contract with the Department of Health and Human Services, while at the same time promoting the Obama administration‘s health care reform policies, some conservative commentators suggested a conflict of interest.[10][11][12] While he did disclose his HHS connections in an article for the New England Journal of Medicine, his oversight in doing this earlier was defended in the New York Times .[13]

One heavily-scrutinized part of the ACA reads that subsidies should be given to healthcare recipients who are enrolled “through an Exchange established by the State”. Some have read this to mean that subsidies can be given only in states that have chosen to create their own healthcare exchanges, and do not use the federal exchange, while the Obama administration says that the wording applies to all states. This dispute is currently part of an ongoing series of lawsuits referred to collectively as King v. Burwell. In July 2014, two separate recordings of Gruber, both from January 2012, surfaced in which he seemed to contradict the administration’s position.[4] In one, Gruber states, in response to an audience question, that “if you’re a state and you don’t set up an exchange, that means your citizens don’t get their tax credits”,[14] while in the other he says, “if your governor doesn’t set up an exchange, you’re losing hundreds of millions of dollars of tax credits to be delivered to your citizens.”[15] When these recordings emerged, Gruber called these statements mistaken, describing them as “just a speak-o — you know, like a typo”.[14]

In a panel discussion about the ACA at the University of Pennsylvania in October 2013, Gruber stated that the bill was deliberately written “in a tortured way” to disguise the fact that it created a system in which “healthy people pay in and sick people get money”. He stated that this obfuscation was necessary, due to “the stupidity of the American voter or whatever”, in order to get the bill passed and that a “lack of transparency is a huge political advantage.”[16] His comments caused controversy after a video of them was placed on YouTubein November 2014.[17][18][19][20]

Published works

  • On February 15, 2006, the Center on Budget and Policy Priorities published an article by Gruber entitled “The Cost and Coverage Impact of the President’s Health Insurance Budget Proposals”[21]
  • In a December 4, 2008 New York Times op-ed, “Medicine for the Job Market”, he claimed that expanding health insurance, even in difficult financial times would stimulate the economy.[22]
  • On February 9, 2011, the Center for American Progress published an article by Gruber titled “Health Care Reform Without the Individual Mandate,” analyzing the health insurance coverage impacts of alternative policy options for encouraging purchase of health insurance under the Patient Protection and Affordable Care Act, including the mandate, a late penalty, and auto-enrollment.[23]

He has published over 100 research articles.[24]

Awards and honors

In 2006, Gruber received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under.[25] He was elected a member of the Institute of Medicine in 2005.[26] In 2009 he was elected to the Executive Committee of the American Economic Association.

In 2011 he was named “One of the Top 25 Most Innovative and Practical Thinkers of Our Time” by Slate Magazine. In both 2006 and 2012 he was rated as one of the top 100 most powerful people in health care in the United States by Modern Healthcare Magazine.

References

  1. Jump up^ Gruber, John. “Changes in the structure of employer-provided health insurance”. ProQuest. Retrieved 9 January 2014.
  2. ^ Jump up to:a b http://economics.mit.edu/files/6400. Retrieved 25 July 2014. Missing or empty |title= (help)
  3. Jump up^ Worth Publishers Student Center for Public Finance and Policy
  4. ^ Jump up to:a b Cannon, Michael. “ObamaCare Architect Jonathan Gruber: “If You’re A State And You Don’t Set Up An Exchange, That Means Your Citizens Don’t Get Their Tax Credits””. Forbes. Retrieved 25 July 2014.
  5. Jump up^ http://www.washingtonpost.com/blogs/wonkblog/post/jon-gruber-on-the-premiums-in-health-care-reform/2011/08/25/gIQAN0TUWS_blog.html
  6. Jump up^ http://www.nytimes.com/2012/03/29/business/jonathan-gruber-health-cares-mr-mandate.html?pagewanted=all
  7. Jump up^http://online.wsj.com/news/articles/SB10001424052748704586504574654362679868966
  8. Jump up^ http://abcnews.go.com/blogs/politics/2010/01/on-jonathan-gruber-and-disclosure/
  9. Jump up^ http://www.huffingtonpost.com/jane-hamsher/how-the-white-house-used_b_421549.html
  10. Jump up^ James, Michael (January 9, 2010). “On Jonathan Gruber and Disclosure”. ABC News. Retrieved November 15, 2013.
  11. Jump up^ “Jonathan Gruber Failed to Disclose His $297,600 Contract With HHS”. Huffington Post. May 25, 2011. Retrieved November 15, 2013.
  12. Jump up^ Berger, Judson (January 8, 2010). “Economist Was Under Contract With HHS While Touting Health Reform Bill”. Fox News. Retrieved November 15, 2013.
  13. Jump up^ “Jonathan Gruber”. New York Times. January 11, 2010. Retrieved September 3, 2014.
  14. ^ Jump up to:a b Cohn, Jonathan (July 25, 2014). “Jonathan Gruber: ‘It Was Just a Mistake’”. The New Republic.
  15. Jump up^ Oops!…Gruber Did It Again, Forbes, July 25, 2014
  16. Jump up^ “GRUBER: “Lack of transparency is a huge political advantage.””. American Commitment. October 13, 2013. Retrieved November 10, 2014.
  17. Jump up^ Roy, Avik (November 10, 2014). “ACA Architect: ‘The Stupidity Of The American Voter’ Led Us To Hide Obamacare’s True Costs From The Public”. Forbes.
  18. Jump up^ http://www.washingtonpost.com/blogs/post-politics/wp/2014/11/11/obamacare-consultant-under-fire-for-stupidity-of-the-american-voter-comment/
  19. Jump up^ http://nation.foxnews.com/2014/11/10/obamacare-architect-admits-deceiving-americans-pass-law
  20. Jump up^http://www.washingtontimes.com/news/2014/nov/10/obamacare-architect-we-passed-law-due-to-stupidity/
  21. Jump up^ The Cost and Coverage Impact of The President’s Health Insurance Budget Proposals, February 15, 2006]
  22. Jump up^ Gruber, Jonathan (December 4, 2008), Medicine for the Job Market, New York Times
  23. Jump up^ Gruber, Jonathan (February 9, 2011), Health Care Reform Without the Individual Mandate
  24. Jump up^ NBER Working Papers by Jonathan Gruber
  25. Jump up^ Honors & awards – Fall 2006 Soundings
  26. Jump up^ National Academy of Social Insurance

External links

http://en.wikipedia.org/wiki/Jonathan_Gruber_(economist)

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2015 Toyota Camry — Videos

Posted on November 8, 2014. Filed under: Autos, Blogroll, Computers, liberty, Links, media, People, Talk Radio, Technology, Transportation | Tags: , , , , , |

2015 Toyota Camry XSE First Drive Review: A Not So Extreme Makeover?

2015 Toyota Camry Review – First Drive

2015 Toyota Camry Review | Consumer Reports

Comparing 2015 Camry Models – How to Pick Your Trim Level

2015 Toyota Camry XSE Full Review, Start Up, Exhaust

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2015 Hyundai Sonata — Videos

Posted on November 2, 2014. Filed under: Autos, Blogroll, Business, Communications, Computers, Education, Energy, Enivornment, Oil, People, Photos, Technology, Transportation, Video, Wealth | Tags: , , , , , , , |

2015-Hyundai-Sonata2015_hyundai_sonat2015-Hyundai-Sonata-12015-Hyundai-Sonata-6Hyundai-Sonata-72015-hyundai-sonata-2015-Hyundai-Sonata-center-stack2015-Hyundai-Sonata-USA372015-hyundai-sonata-20t-interior-022015-hyundai-sonata-sport-20t-interior-photo-624988-s-1280x7822015-hyundai-sonata-20t-front-interior-seats2015-hyundai-sonata-eco-front-three-quarters-04

2015 Hyundai Sonata Review

2015 Hyundai Sonata Start Up and Review 2.4 L 4-Cylinder

2015 Hyundai Sonata Turbo Review: More Style, Comfort & Car

2015 Hyundai Sonata: Almost Everything You Ever Wanted to Know

2015 Hyundai Sonata Limited w/ Tech Pkg. Start Up, Exterior/ Interior Review

2015 Hyundai Sonata — First Drive with Alabama Factory Tour & In Depth Apple Car Play Demo

Hyundai Sonata Sings a New Song – Autoline After Hours 249

 

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The Pronk Pops Show 348, October 14, 2014, Story 1: Story 1: Stop The Ebola Illegal Alien Invasion/Pandemic — Secure The U.S./Mexican Border — Videos

Posted on October 14, 2014. Filed under: American History, Biology, Blogroll, Business, Chemistry, Communications, Computers, Demographics, Diasters, Ebola, Federal Communications Commission, Federal Government, Food, Foreign Policy, Freedom, government spending, history, Illegal, Immigration, Language, Law, Legal, liberty, Life, Links, Literacy, media, Medical, National Security Agency (NSA_, Natural Gas, Oil, People, Philosophy, Photos, Politics, Radio, Rants, Raves, Regulations, Resources, Science, Security, Talk Radio, Technology, Terrorism, Unemployment, Video, War, Wealth, Weapons of Mass Destruction, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 348: October 14, 2014

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Story 1: Stop The Ebola Illegal Alien Invasion/Pandemic — Secure The U.S./Mexican Border — Videos

USA Invaded by Central America….

RED ALERT: TOP GENERAL WARNS EBOLA WILL NOT STAY IN WEST AFRICA!!!!

Why Do Viruses Kill

MicroKillers: Super Flu

The Influenza Pandemic of 1918

We Heard the Bells: The Influenza of 1918 (full documentary)

In 1918-1919, the worst flu in recorded history killed an estimated 50 million people worldwide. The U.S. death toll was 675,000 – five times the number of U.S. soldiers killed in World War I. Where did the 1918 flu come from? Why was it so lethal? What did we learn?

After Armageddon  (when deadly virus strikes)

SOMETHING ‘NEVER SEEN BEFORE’ IS COMING TO AMERICA (GLOBAL PANDEMIC)

Video: Ebola patient escapes quarantine, spreads panic in Monrovia (Liberia)

Judge Jeanine Pirro – Hidden Danger? – Could Illegal Immigrant Kids Bring Diseases To U.S.?

Obama Triggers a Massive Surge of Illegal Immigrant Children(90,000!)

Reporters Confront U.S. Border Patrol Over Illegal Immigration Stand-Down

Pestilence : Illegal Aliens bringing serious diseases across the U.S. Border (Aug 01, 2014)

\

immigrants bring in serious, contagious diseases

PJTV – Illegal Immigrants Being Illegally Dumped in Arizona…Illegally

Gen. Kelly at University of South Florida

 

 

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Number of Biosafety Level 4 Bio-containment Facilities in The United States 4– Number of Hospital Beds 19 — United States Not Prepared for Ebola Outbreak and Pandemic — Videos

Posted on October 10, 2014. Filed under: American History, Biology, Blogroll, Chemistry, College, Communications, Crime, Diasters, Documentary, Economics, Education, Foreign Policy, Fraud, government spending, Health Care, history, Law, liberty, Life, Links, Medical, People, Photos, Politics, Rants, Raves, Regulations, Resources, Science, Talk Radio, Technology, Transportation, Video, War, Weapons, Welfare, Wisdom, Writing | Tags: , , , , , , , , |

 

USAMRIID The US Army Medical Research Institute of Infectious Disease

USAMRIID Overview

BioContainment Unit at The Nebraska Medical Center

Activation- A Nebraska Medical Center Biocontainment Unit Story

Max Alert! EBOLA Bodily Fluids Readily Airborne Weaponizable

Aerosolizing ONE DROP of EBOLA = 1/2 MILLION DEAD

 

The Secret Ebola Open Border Connection Revealed: Special Report

Ebola – The Truth About the Outbreak (Documentary)

What Pisses Me Off About Ebola

 

germs gerns_2

 

The ominous math of the Ebola epidemic

By Joel Achenbach, Lena H. Sun and Brady Dennis

When the experts describe the Ebola disaster, they do so with numbers. The statistics include not just the obvious ones, such as caseloads, deaths and the rate of infection, but also the ones that describe the speed of the global response.

Right now, the math still favors the virus.

Global health officials are looking closely at the “reproduction number,” which estimates how many people, on average, will catch the virus from each person stricken with Ebola. The epidemic will begin to decline when that number falls below one. A recent analysis estimated the number at 1.5 to 2.

The number of Ebola cases in West Africa has been doubling about every three weeks. There is little evidence so far that the epidemic is losing momentum.

“The speed at which things are moving on the ground, it’s hard for people to get their minds around. People don’t understand the concept of exponential growth,” said Tom Frieden, director of the U.S. Centers for Disease Control and Prevention. “Exponential growth in the context of three weeks means: ‘If I know that X needs to be done, and I work my butt off and get it done in three weeks, it’s now half as good as it needs to be.’ ”

Frieden warned Thursday that without immediate, concerted, bold action, the Ebola virus could become a global calamity on the scale of HIV. He spoke at a gathering of global health officials and government leaders at the World Bank headquarters in Washington. The president of Guinea was at the table, and the presidents of Liberia and Sierra Leone joined by video link. Amid much bureaucratic talk and table-thumping was an emerging theme: The virus is still outpacing the efforts to contain it.
“The situation is worse than it was 12 days ago. It’s entrenched in the capitals. Seventy percent of the people [who become infected] are definitely dying from this disease, and it is accelerating in almost all settings,” Bruce Aylward, assistant director general of the World Health Organization, told the group.

Aylward had come from West Africa only hours earlier. He offered three numbers: 70, 70 and 60. To bring the epidemic under control, officials should ensure that at least 70 percent of Ebola-victim burials are conducted safely, and that at least 70 percent of infected people are in treatment, within 60 days, he said.

More numbers came from Ernest Bai Koroma, president of Sierra Leone: The country desperately needs 750 doctors, 3,000 nurses, 1,500 hygienists, counselors and nutritionists.

The numbers in this crisis are notoriously squishy, however. Epidemiological data is sketchy at best. No one really knows exactly how big the epidemic is, in part because there are areas in Liberia, Sierra Leone and Guinea where disease detectives cannot venture because of safety concerns.

The current assumption is that for every four known Ebola cases, about six more go unreported.

The latest World Health Organization statistics, published Wednesday, show 8,033 cases of suspected or confirmed Ebola in the West Africa outbreak, with 3,865 deaths. That figure does not include Thomas Eric Duncan, a Liberian man who died Wednesday in Dallas.

How quickly Ebola spreads compared to other diseases VIEW GRAPHIC
“This has been a particularly difficult outbreak because of the difficulty getting a lot of data quickly out of the countries,” said Martin Meltzer, a CDC researcher who models epidemics. “My crystal ball is painted a deep black. It’s like tracking a hurricane.”

Meltzer helped produce a report in late September that said that at current rates of infection, as many as 1.4 million people would become infected by January. That number, officials stressed, was a straight extrapolation of the explosive spread of Ebola at a time when the world had managed to mount only a feeble response. The more vigorous response underway is designed to bend that curve.

Games – Click Here for More!
The U.S. military is building 17 treatment centers that can hold 100 people each, but the top military commander in Africa said Tuesday that they won’t be ready until mid-November. Liberia and Sierra Leone have a particularly keen need for more hospital beds. The two countries currently have 924 beds between them, but they need 4,078, according to the WHO.

“The virus is moving on virus time; we’re moving on bureaucracy or program time,” said Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota. “The virus is actually picking up the pace. Even as we add resources, we get farther behind.”

Aylward, the WHO official, pointed to some bright spots in the response in recent weeks. Liberia has gone from just six burial teams to 54. Officials are working with religious leaders to enable safe burials while respecting cultural traditions. “There’s a way to observe most of the ritual while keeping safe,” Aylward said in an interview.

But he said that overall, the countries in West Africa still lack a coordinated response.

“What is needed in every country is a list, an Excel spreadsheet. It’s not complicated. Here is every district, every county, here is burials and who is going to lead them, here is case finding and contact tracing, here is behavioral change,” Aylward said. In effect, the countries need better numbers.

The latest data from the WHO show hints of progress in bringing Ebola under control in certain rural areas stricken by the disease earlier this year. Seven provinces in Guinea that previously reported Ebola cases saw no new infections in the most recent three-week period covered in Wednesday’s WHO update. Two districts in Sierra Leone and one in Liberia showed a decline in infections.

Games – Click Here for More!
But experts caution against reading too much into small fluctuations that may simply reflect an increase or decrease in surveillance or a reappraisal of older data. This cautious attitude toward lower numbers particularly applies to a reported drop in new cases in Liberia in the past three weeks, which the WHO said is “unlikely to be genuine” and more likely reflects “a deterioration in the ability of overwhelmed responders to record accurate epidemiological data.”

Gerardo Chowell, a mathematical epidemiologist at Arizona State University, used data compiled through the end of August to estimate the reproduction number of 1.5 to 2 for this Ebola epidemic. Chowell said that even modest gains in lowering that number could give health officials and the military a better chance of controlling the epidemic.

“Maybe we can bring it from two to 1.2 or 1.3, which would indicate that the number of new cases will be dramatically reduced, and that will give you time,” he said.

Another key number: how many days elapse between the time symptoms occur (which is when a person becomes contagious) and when health officials diagnose the disease in that person. Driving that number down is critical to containing the virus.

The incubation period for Ebola is usually about a week to 10 days, although it can last as long as 21 days. That creates obvious challenges for health workers who have to do contact tracing — they have to repeatedly knock on doors and take the temperatures of people who weeks earlier were potentially exposed to the virus. But it also gives those same workers a decent interval of time to track down people who may be infected before they start shedding the virus and potentially spreading the disease.

Games – Click Here for More!
There are several scenarios for how this plays out. One is that the conventional methods of containing Ebola — isolating patients and doing contact tracing of people who might be exposed — lower the rate of new infections until finally the epidemic burns itself out. That has been the case in all previous outbreaks of Ebola, although no outbreak has ever been nearly as extensive as this one.

A second scenario is more dire: The conventional methods come too late, the epidemic keeps spreading, and the virus is beaten back only when vaccines can be developed and scaled up to the point where they can be widely distributed.

As the number of infections increases, so does the possibility that a person with Ebola will carry it to another country. This is known as an export.

“So we had two exports in the first 2,000 patients,” Frieden said in a recent interview. “Now we’re going to have 20,000 cases, how many exports are we going to have?”

http://www.washingtonpost.com/national/health-science/the-ominous-math-of-the-ebola-epidemic/2014/10/09/3cad9e76-4fb2-11e4-8c24-487e92bc997b_story.html

 

 

There are only 19 level 4 bio-containment beds in the whole of the United States…and four in the UK

Story

 

The UK is well set for an Ebola outbreak (sarcasm alert) We have TWO isolation units, but one is getting ‘redeveloped’ so it’s not available right now. Called High Security Infectious Diseases Units there are two in the country, each capable of taking two patients. One is at The Royal Free Hospital in Hampstead North London, the other, the one getting a bit of a make-over, is at The Royal Victoria Infirmary in Newcastle, up in the north-east of England.

Four level 4 bio-containment beds between 69,000,000 people

In the US there are 4 units geared up to handle Ebola. The National Institutes of Health (NIH) Clinical Center, Bethesda, Maryland, has 3 beds. Nebraska Medical Center, Omaha, has 10 beds. Emory Hospital, Atlanta has 3 beds and St Patricks Hospital, Missoula  has 3 beds (source)

19 level four biocontainment beds for 317,000,000 people

I think we just found out why the government(s) are under-playing the situation. They simply do not have the facilities to cope with even a small outbreak. They are, in fact in exactly the same position as the dirt-poor hospitals in West Africa…there are not enough facilities to stop the spread of the disease if it gets out. The quality of care is better, but the availability of containment most likely isn’t.

I am sure ‘regular’  isolation units will be pressed into use but they are not designed to handle level 4 biohazards, they are nowhere near as secure medically speaking, as biocontainment units.

A couple of days ago I explained how exponential spread works. You can read that article here if you like. As a quick recap.  Once a disease is at the point where every carrier infects 2 more people,(exponential spread) it will continue until it:

A) runs out of hosts

B) is stopped by medical science or

C) mutates into something less harmful.

What follows will show you how woefully inadequately our governments have prepared for something as lethal as Ebola.

In the flu pandemic of 1918-1920 28% of Americans were infected with the disease…try to remember I am talking numbers here not HOW  disease spreads or any medical similarities between diseases, 625,000 Americans lost their lives out of some 29,400,000 infections. The population of the United States at that time was 105,000,000 people. (source)

Fast forward to today. If that flu pandemic had hit the United States in 2014, when the population stands at 317,000,000 people 88,760,000 people would have been infected and 2,130,240 of them would have died.

Now, let’s try this with Ebola. I have picked Liberia just because it is in the news due to the Thomas Duncan case.

Liberia has a population of 4,290,000 people, as of the latest figures there have been 3692 cases of Ebola, this represents 0.0086% of the population.Of those infections, 1998 people have died that’s a fatality rate of 54%. (source)

If that same infection and death rate were applied to the United States Ebola would infect 269,000 people and of those 156,281 would die.

Now, if as doctors and scientists fear the basic reproduction rate rises to 2 in Liberia the numbers change very quickly. Using the mean average incubation time of 9 days it would take around 13 weeks for the entire population of Liberia to become infected. (10 doublings starting with 3692 = just under the population of Liberia. This multiplied by 9 days gives us 90 days which divided by 7 gives 12.85 weeks.) Of the 4,290,000 people infected 2,316,000 would lose their lives.

This is just Liberia, not the other affected countries in West Africa. 

Translated to an equivalent outbreak in the United States, where the basic reproduction rate is also 2, the numbers are horrifying. Starting with patient zero it would take around 245 days, 35 weeks for every person in the United States to become infected. Of those 17,118,000 people would die. (27.17 doublings x 9 days = 245 days =35 weeks)

Please remember the figures for Liberia are pulled from the CDC website, the percentages are correct. The scenario for the United States was based on exactly the same parameters as for Liberia…a like for like comparison.

The CDC could be spending their time educating people, advising people to stock up,  get ready for  the possibility of staying in their homes. Self imposed isolation, or if need be state imposed isolation, that may last for an extended time period may become a reality. They’re not doing it though are they? They are sprouting figures and applying them to West Africa, and they can’t even get that right. They are saying that there could be 1.4 deaths in West Africa in a worst case scenario. When actually applying the figures they supplied with some simple mathematics we can see that 1.4 million deaths is a gross understatement.

Even a basic reproduction rate of 1.7, the latest figure for Liberia it will only take around  30 weeks to get to the same point as the above scenario, over 2,000,000 dead.

Don’t get me wrong, I am not saying that the UK government is any better, if anything they are worse, they don’t even try to do the maths. Most of them went to Eton (a very expensive school that churns out politicians) so it’s unlikely they would be capable of it even if they wanted to. You only have to look at our national finances to see they are no good at sums. They send out press briefings  that there will be an emergency COBRA meeting, do you have any clue what that stands for? Let me enlighten you, Cabinet Office Briefing Room A.  COBRA is not an emergency planning group, it’s an effing office.

Although I am loathed to say it, it’s time that our governments started worrying about the facilities at home rather than worrying about the facilities abroad. Stopping the disease in Africa does not mean we are out of the woods. There are so many unreported cases, people turned away from medica facilities in West Africa that nobody has the slightest idea how many cases of Ebola are actually out there. The porous borders of the region mean that people move around without the controls that are usually exercised in the west. There has to be a travel ban on non-US citizens entering the United States from these areas, the same applies from the UK.

Border control has to be improved in both countries if we have any hope of halting the spread of this terrible disease. The west is going to be the destination for anyone from Ebola hit areas that can afford to make their way from Africa. Many West Africans have contacts in the west who will help them get out, and shelter them when they arrive. As harsh as it seems this has to be stopped, it’s time for governments to put their own citizens first. Repatriation of your own is one thing, risking millions of lives at home because you won’t man up and prevent foreigners entering is quite another.

http://undergroundmedic.com/?p=6990

 

BSL-4 Laboratories in the United States

There are currently 13 operational or planned BSL-4 facilities within the United States of America. These are listed below.
*Operates two facilities

Biosafety Level-4 Laboratories
Operational
Centers for Disease Control and Prevention*
Atlanta, GA
Center for Biodefense and Emerging Infectious Diseases
University of Texas Medical Branch
Galveston, TX
Center for Biotechnology and Drug Design
Georgia State University
Atlanta, GA
Southwest Foundation for Biomedical Research
San Antonio, TX
Rocky Mountain Laboratories Integrated Research Facility
National Institute of Allergy and Infectious Diseases
Hamilton, MT
Expanding
United States Army Medical Research Institute for Infectious Diseases
Department of Defense
Frederick, MD
Planned or Under Construction
Integrated Research Facility
National Institute of Allergy and Infectious Diseases
Ft. Detrick, MD
Galveston National Laboratory
University of Texas Medical Branch
Galveston, TX
National Biodefense Analysis and Countermeasures Center
Department of Homeland Security
Frederick, MD
National Bio- and Agro-Defense Facility (NBAF)
Department of Homeland Security
Manhattan, KS
National Biocontainment Laboratory (NBL)
Boston University
Boston, MA
Virginia Division of Consolidated Laboratory Services
Department of General Services of the Commonwealth of Virginia
Richmond, VA

National & Regional Biocontainment Laboratories

In February 2002, consultations between the National Institute of Allergy and Infectious Diseases (NIAID) and its Blue Ribbon Panel on Bioterrorism produced several recommendations for NIAID to better protect people from the threat of bioterrorism. Fulfilling some of those recommendations required more laboratory space for working with dangerous pathogens than was previously available in the United States. In September 2003 and September 2005, NIAID announced the recipients of grants partially funding the construction of two National Biocontainment Laboratories (NBLs) and thirteen Regional Biocontainment Laboratories (RBLs), increasing Biosafety Level-4 (BSL-4) and BSL-3 lab space nationwide.

The NBLs and RBLs are operated by the grant recipients, research institutions across the country. These labs support biodefense and emerging infectious diseases research as resources that provide lab space for basic research of dangerous pathogens and development of new vaccines and treatments. The NBLs are required to have BSL-4, BSL-3, and BSL-2 labs, animal facilities, insectary facilities, clinical facilities, and research support space. The RBLs are required to have BSL-3 and BSL-2 labs, animal facilities, and research support space. While fulfilling the need of researchers occupying the facility, the NBLs and RBLs can be used by other biodefense researchers within the region, particularly those within the Regional Centers of Excellence in Biodefense and Emerging Infectious Diseases. In addition, these labs are available to provide assistance to national, state, and local public health efforts during a biological attack.

Biocontainment Laboratories
National Biocontainment Laboratories
Galveston National Laboratory
University of Texas Medical Branch
Galveston, TX
National Emerging Infectious Diseases Laboratory
Boston University
Boston, MA
Regional Biocontainment Laboratories
Tufts Regional Biosafety Laboratory
Tufts University
North Grafton, MA
Regional Biocontainment Laboratory at Biomedical Science Tower III
Univeristy of Pittsburgh
Pittsburgh, PA
Center for Predictive Medicine
University of Louisville
Louisville, KY
Colorado State University Regional Biocontainment Laboratory
Colorado State University
Ft. Collins, CO
George Mason University Regional Biocontainment Laboratory
George Mason University
Manassas, VA
Global Health Research Building
Duke University
Durham, NC
Howard T. Ricketts Laboratory Regional Biocontainment Laboratory
University of Chicago
Chicago, IL
Pacific Regional Biocontainment Laboratory
University of Hawaii at Manoa
Honolulu, HI
Southeast Biosafety Laboratory Alabama Birmingham
University of Alabama at Birmingham
Birmingham, AL
Tulane National Primate Research Center
Tulane University
Covington, LA
University of Missouri-Columbia Regional Biocontainment Laboratory
University of Missouri-Columbia
Columbia, MO
University of Tennessee Regional Biocontainment Laboratory
Univeristy of Tennessee Health Science Center
Memphis, TN

Regional Centers of Excellence

The Regional Centers of Excellence for Biodefense and Emerging Infectious Diseases (RCEs) are consortia of universities and research institutions that pursue research with the intentions of producing therapeutics, vaccines, and diagnostics for pathogens that could be used in a bioterrorist attack or could become more widespread. Activities within the RCEs include developing and conducting research programs, training new scientists in research activities, and developing and maintaining facilities and services supportive of activities of the RCEs and other regional biodefense investigators. The RCEs also develop effective treatments and treatment strategies from basic research findings and provide first-line responders with facilities and support during a biological attack.

The National Institute of Allergy and Infectious Diseases (NIAID) created the RCE program in response to a recommendation from meetings between the NIAID and its Blue Ribbon Panel on Bioterrorism in February 2002. By June 2005, NIAID had established a total of ten RCEs in ten geographical regions across the country. Each RCE is composed of the investigators from the lead institution that submitted the application and collaborating investigators at universities and research institutions within the consortium. The consortia have access to resources such as facilities and services within the RCE and the National Biocontainment Laboratories and the Regional Biocontainment Laboratories.

Regional Centers of Excellence for Biodefense and Emerging Infectious Diseases
Region I: New England Regional Center of Excellence for Biodefense and Emerging Infectious Diseases
Harvard University
Boston, MA
Region II: Northeast Biodefense Center
Wadsworth Center of the New York State Department of Health
Albany, NY
Region III: Middle-Atlantic Regional Center of Excellence for Biodefense and Emerging Infectious Diseases Research
University of Maryland, Baltimore
Baltimore, MD
Region IV: Southeast Regional Center of Excellence for Biodefense and Emerging Infections
Duke University
Durham, NC
Region V: Great Lakes Regional Center of Excellence for Biodefense and Emerging Infectious Diseases Research
University of Chicago
Chicago, IL
Region VI: Western Regional Center of Excellence for Biodefense and Emerging Infectious Diseases
University of Texas Medical Branch
Galveston, TX
Region VII: Midwest Regional Center of Excellence for Biodefense and Emerging Infectious Diseases Research
Washington University in St. Louis
St. Louis, MO
Region VIII: Rocky Mountain Regional Center of Excellence for Biodefense and Emerging Infectious Diseases Research
Colorado State University
Fort Collins, CO
Region IX: Pacific Southwest Regional Center of Excellence for Biodefense and Emerging Infectious Diseases
University of California, Irvine
Irvine, CA
Region X: Northwest Regional Center of Excellence for Biodefense and Emerging Infectious Diseases Research
University of Washington, Seattle
Seattle, WA

 

 

Biosafety Level 4 Labs and BSL Information

This map displays major Biosafety Level 4 (BSL-4) facilities around the world according to data collected by FAS in 2010 and 2011. These high-containment facilities are used to conduct beneficial research on dangerous and emerging pathogens.

http://fas.org/programs/bio/biosafetylevels.html
The data behind this map of BSL-4 labs worldwide is freely available on Google Fusion Tables. Looking for the old map that also conatined some BSL-3 Labs? View it here. There are many thousands of BSL-3-capable labs worldwide, so they have been left off this new version of the map to focus on BSL-4 labs and enchance its usefulness.

Biosafety Level Information

BSL-4, Biosafety Level 4

Required for work with dangerous and exotic agents which pose a high individual risk of life-threatening disease. The facility is either in a separate building or in a controlled area within a building, which is completely isolated from all other areas of the building. Walls, floors, and ceilings of the facility are constructed to form a sealed internal shell which facilitates fumigation and is animal and insect proof. A dedicated non-recirculating ventilation system is provided. The supply and exhaust components of the system are balanced to assure directional airflow from the area of least hazard to the area(s) of greatest potential hazard. Within work areas of the facility, all activities are confined to Class III biological safety cabinets, or Class II biological safety cabinets used with one-piece positive pressure personnel suits ventilated by a life support system. The Biosafety Level 4 laboratory has special engineering and design features to prevent microorganisms from being disseminated into the environment. Personnel enter and leave the facility only through the clothing change and shower rooms, and shower each time they leave the facility. Personal clothing is removed in the outer clothing change room and kept there. A specially designed suit area may be provided in the facility to provide personnel protection equivalent to that provided by Class III cabinets. The exhaust air from the suit area is filtered by two sets of HEPA filters installed in series. Supplies and materials needed in the facility are brought in by way of double-doored autoclave, fumigation chamber, or airlock, which is appropriately decontaminated between each use. Viruses assigned to Biosafety Level 4 include Crimean-Congo hemorrhagic fever, Ebola, Junin, Lassa fever, Machupo, Marburg, and tick-borne encephalitis virus complex (including Absettarov, Hanzalova, Hypr, Kumlinge, Kyasanur Forest disease, Omsk hemorrhagic fever, and Russian Spring-Summer encephalitis).

BSL-3, Biosafety Level 3

Applicable to clinical, diagnostic, teaching, and research or production facilities involving indigenous or exotic strains of agents which may cause serious or potentially lethal disease as a result of exposure by inhalation. All procedures involving the manipulation of infectious material are conducted within biological safety cabinets or other physical containment devices, or by personnel wearing appropriate personal protective clothing and equipment. The laboratory has special engineering and design features. A ducted exhaust air ventilation system is provided. This system creates directional airflow that draws air from “clean” areas toward “contaminated” areas. The High Efficiency Particulate Air (HEPA)-filtered exhaust air from Class II or Class III biological safety cabinets is discharged directly to outside or through the building exhaust system. The typical HEPA filter removes 99.97% of all particles that are 0.3 micron or larger in size, which means that all microbial agents will be trapped in the filter. Biosafety Level 3 practices, containment equipment, and facilities are recommended for manipulations of cultures or work involving production volumes or concentrations of cultures associated with most biological warfare agents.

 

BSL-2, Biosafety Level 2

Suitable for work involving agents of moderate potential hazard to personnel and the environment. Agents which may produce disease of varying degrees of severity from exposure by injection, ingestion, absorption, and inhalation, but which are contained by good laboratory techniques are included in this level. Biosafety Level 2 practices, containment equipment, and facilities are recommended for activities using clinical materials and diagnostic quantities of infectious cultures associated with most biological warfare agents.

 

BSL-1, Biosafety Level 1

Suitable for work involving well-characterized agents of no known or of minimal potential hazard to laboratory personnel and the environment. The laboratory is not necessarily separated from the general traffic patterns in the building. Work is generally conducted on open bench tops using standard microbiological practices. Special containment equipment is not required or generally used. This is the type of laboratory found in municipal water- ing laboratories, in high schools, and in some community colleges.

 

Biosafety Level Information
For more information about BSL facilities in the United States and worldwide, please see the links below. 

 

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315,000 More Americans Have Left Labor Force in September 2014 Bringing Total To 92,584,000 — Nearly Seven Years Later The Number of Employed Hits 146.6 Million Last Seen In November 2007 — Labor Participation Rate At 62.7% Should Be At 67% — The Ebola Income and Jobs Effect Will Hit In The November 7 Jobs Report After Elections — Videos

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Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 2: 315,000 More Americans Have Left Labor Force in September 2014 Bringing Total To 92,584,000 — Nearly Seven Years Later The Number of Employed Hits 146.6 Million Last Seen In November 2007 — Labor Participation Rate At 62.7% Should Be At 67% — The Ebola Income and Jobs Effect Will Hit In The November 7 Jobs Report After Elections — Videos

sgs-emp

Current Labor Participation Rate Dropped To 62.7%

U.S. Labor Participation Rate – Graph of Reagan vs obama

Surge Of Hiring Cuts US Jobless Rate To 5.9 Pct.

JEC Chair Brady discusses the importance of declining labor force participation rate

Labor participation rate is down to unprecedented levels

What The Six-Year Unemployment Low Means For U.S. Economy

Ebola ;could wreck W Africa economies, #; warns World Bank

BBC News – Ebola crisis: Toll on regional economies

Counting the Cost – Ebola: The Economic Fallout

 

 

 

Employment Situation Summary

Transmission of material in this release is embargoed until                 USDL-14-1796
8:30 a.m. (EDT) Friday, October 3, 2014

Technical information:
 Household data:	(202) 691-6378  •  cpsinfo@bls.gov  •  www.bls.gov/cps
 Establishment data:	(202) 691-6555  •  cesinfo@bls.gov  •  www.bls.gov/ces

Media contact:		(202) 691-5902  •  PressOffice@bls.gov


                        THE EMPLOYMENT SITUATION -- SEPTEMBER 2014


Total nonfarm payroll employment increased by 248,000 in September, and the 
unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics
reported today. Employment increased in professional and business services, 
retail trade, and health care.

Household Survey Data

In September, the unemployment rate declined by 0.2 percentage point to 5.9
percent. The number of unemployed persons decreased by 329,000 to 9.3 million.
Over the year, the unemployment rate and the number of unemployed persons were
down by 1.3 percentage points and 1.9 million, respectively. (See table A-1.)

Among the major worker groups, unemployment rates declined in September for
adult men (5.3 percent), whites (5.1 percent), and Hispanics (6.9 percent). The
rates for adult women (5.5 percent), teenagers (20.0 percent), and blacks (11.0
percent) showed little change over the month. The jobless rate for Asians was
4.3 percent (not seasonally adjusted), little changed from a year earlier.
(See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed temporary
jobs decreased by 306,000 in September to 4.5 million. The number of long-term
unemployed (those jobless for 27 weeks or more) was essentially unchanged at 3.0
million in September. These individuals accounted for 31.9 percent of the unemployed.
Over the past 12 months, the number of long-term unemployed is down by 1.2 million.
(See tables A-11 and A-12.) 

The civilian labor force participation rate, at 62.7 percent, changed little in
September. The employment-population ratio was 59.0 percent for the fourth
consecutive month. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed in September at 7.1 million.
These individuals, who would have preferred full-time employment, were working part
time because their hours had been cut back or because they were unable to find a
full-time job. (See table A-8.)

In September, 2.2 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work,
and had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 698,000 discouraged workers in September,
down by 154,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged
workers are persons not currently looking for work because they believe no jobs are
available for them. The remaining 1.5 million persons marginally attached to the labor
force in September had not searched for work for reasons such as school attendance or
family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 248,000 in September, compared with an
average monthly gain of 213,000 over the prior 12 months. In September, job growth
occurred in professional and business services, retail trade, and health care.
(See table B-1.)

Professional and business services added 81,000 jobs in September, compared with an
average gain of 56,000 per month over the prior 12 months. In September, job gains
occurred in employment services (+34,000), management and technical consulting
services (+12,000), and architectural and engineering services (+6,000). Employment
in legal services declined by 5,000 over the month.

Employment in retail trade rose by 35,000 in September. Food and beverage stores
added 20,000 jobs, largely reflecting the return of workers who had been off payrolls
in August due to employment disruptions at a grocery store chain in New England.
Employment in retail trade has increased by 264,000 over the past 12 months.

Health care added 23,000 jobs in September, in line with the prior 12-month average
gain of 20,000 jobs per month. In September, employment rose in home health care
services (+7,000) and hospitals (+6,000).

Employment in information increased by 12,000 in September, with a gain of 5,000
in telecommunications. Over the year, employment in information has shown little net
change.

Mining employment rose by 9,000 in September, with the majority of the increase
occurring in support activities for mining (+7,000). Over the year, mining has added
50,000 jobs.

Within leisure and hospitality, employment in food services and drinking places
continued to trend up in September (+20,000) and is up by 290,000 over the year.

In September, construction employment continued on an upward trend (+16,000).
Within the industry, employment in residential building increased by 6,000. Over
the year, construction has added 230,000 jobs.

Employment in financial activities continued to trend up in September (+12,000) and
has added 89,000 jobs over the year. In September, job growth occurred in insurance
carriers and related activities (+6,000) and in securities, commodity contracts,
and investments (+5,000).

Employment in other major industries, including manufacturing, wholesale trade,
transportation and warehousing, and government, showed little change over the month.

In September, the average workweek for all employees on private nonfarm payrolls
edged up by 0.1 hour to 34.6 hours. The manufacturing workweek was unchanged at
40.9 hours, and factory overtime edged up by 0.1 hour to 3.5 hours. The average
workweek for production and nonsupervisory employees on private nonfarm payrolls
edged down by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls, at $24.53,
changed little in September (-1 cent). Over the year, average hourly earnings
have risen by 2.0 percent. In September, average hourly earnings of private-sector
production and nonsupervisory employees were unchanged at $20.67. 
(See tables B-3 and B-8.)

The change in total nonfarm payroll employment for July was revised from +212,000
to +243,000, and the change for August was revised from +142,000 to +180,000.
With these revisions, employment gains in July and August combined were 69,000 more
than previously reported.

_____________
The Employment Situation for October is scheduled to be released on Friday,
November 7, 2014, at 8:30 a.m. (EST).



 

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted

[Numbers in thousands]
Category Sept.
2013
July
2014
Aug.
2014
Sept.
2014
Change from:
Aug.
2014-
Sept.
2014

Employment status

Civilian noninstitutional population

246,168 248,023 248,229 248,446 217

Civilian labor force

155,473 156,023 155,959 155,862 -97

Participation rate

63.2 62.9 62.8 62.7 -0.1

Employed

144,270 146,352 146,368 146,600 232

Employment-population ratio

58.6 59.0 59.0 59.0 0.0

Unemployed

11,203 9,671 9,591 9,262 -329

Unemployment rate

7.2 6.2 6.1 5.9 -0.2

Not in labor force

90,695 92,001 92,269 92,584 315

Unemployment rates

Total, 16 years and over

7.2 6.2 6.1 5.9 -0.2

Adult men (20 years and over)

7.0 5.7 5.7 5.3 -0.4

Adult women (20 years and over)

6.2 5.7 5.7 5.5 -0.2

Teenagers (16 to 19 years)

21.3 20.2 19.6 20.0 0.4

White

6.3 5.3 5.3 5.1 -0.2

Black or African American

13.0 11.4 11.4 11.0 -0.4

Asian (not seasonally adjusted)

5.3 4.5 4.5 4.3 -

Hispanic or Latino ethnicity

8.9 7.8 7.5 6.9 -0.6

Total, 25 years and over

5.9 5.0 5.1 4.7 -0.4

Less than a high school diploma

10.4 9.6 9.1 8.4 -0.7

High school graduates, no college

7.5 6.1 6.2 5.3 -0.9

Some college or associate degree

6.1 5.3 5.4 5.4 0.0

Bachelor’s degree and higher

3.7 3.1 3.2 2.9 -0.3

Reason for unemployment

Job losers and persons who completed temporary jobs

5,803 4,859 4,836 4,530 -306

Job leavers

984 862 860 829 -31

Reentrants

3,165 2,848 2,845 2,809 -36

New entrants

1,211 1,087 1,066 1,105 39

Duration of unemployment

Less than 5 weeks

2,571 2,587 2,609 2,383 -226

5 to 14 weeks

2,685 2,431 2,449 2,508 59

15 to 26 weeks

1,802 1,412 1,486 1,416 -70

27 weeks and over

4,125 3,155 2,963 2,954 -9

Employed persons at work part time

Part time for economic reasons

7,914 7,511 7,277 7,103 -174

Slack work or business conditions

4,955 4,609 4,261 4,162 -99

Could only find part-time work

2,548 2,519 2,587 2,562 -25

Part time for noneconomic reasons

18,919 19,662 19,526 19,561 35

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

2,302 2,178 2,141 2,226 -

Discouraged workers

852 741 775 698 -

- Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Sept.
2013
July
2014
Aug.
2014(p)
Sept.
2014(p)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

164 243 180 248

Total private

153 239 175 236

Goods-producing

22 63 14 29

Mining and logging

6 9 2 9

Construction

13 30 16 16

Manufacturing

3 24 -4 4

Durable goods(1)

9 27 0 7

Motor vehicles and parts

2.9 13.7 -4.5 3.3

Nondurable goods

-6 -3 -4 -3

Private service-providing(1)

131 176 161 207

Wholesale trade

11.3 3.0 2.5 1.8

Retail trade

27.3 25.4 -4.7 35.3

Transportation and warehousing

23.1 21.1 8.5 1.9

Information

13 10 5 12

Financial activities

-1 15 12 12

Professional and business services(1)

37 50 63 81

Temporary help services

19.7 15.7 24.6 19.7

Education and health services(1)

9 37 42 32

Health care and social assistance

14.5 40.7 40.7 22.7

Leisure and hospitality

9 10 20 33

Other services

2 3 10 0

Government

11 4 5 12

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES(2)
AS A PERCENT OF ALL EMPLOYEES

Total nonfarm women employees

49.5 49.4 49.4 49.3

Total private women employees

48.1 47.9 47.9 47.9

Total private production and nonsupervisory employees

82.6 82.6 82.6 82.6

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.5 34.5 34.5 34.6

Average hourly earnings

$24.06 $24.46 $24.54 $24.53

Average weekly earnings

$830.07 $843.87 $846.63 $848.74

Index of aggregate weekly hours (2007=100)(3)

99.1 101.0 101.2 101.7

Over-the-month percent change

0.1 0.2 0.2 0.5

Index of aggregate weekly payrolls (2007=100)(4)

113.8 117.9 118.5 119.0

Over-the-month percent change

0.3 0.3 0.5 0.4

HOURS AND EARNINGS
PRODUCTION AND NONSUPERVISORY EMPLOYEES

Total private

Average weekly hours

33.6 33.7 33.8 33.7

Average hourly earnings

$20.21 $20.61 $20.67 $20.67

Average weekly earnings

$679.06 $694.56 $698.65 $696.58

Index of aggregate weekly hours (2002=100)(3)

106.3 108.7 109.2 109.1

Over-the-month percent change

-0.2 0.2 0.5 -0.1

Index of aggregate weekly payrolls (2002=100)(4)

143.5 149.7 150.8 150.6

Over-the-month percent change

0.0 0.3 0.7 -0.1

DIFFUSION INDEX(5)
(Over 1-month span)

Total private (264 industries)

59.8 67.8 62.7 57.8

Manufacturing (81 industries)

54.9 56.2 54.9 51.9

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(p) Preliminary

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Cascade Range of Volcano Earthquake Swarm — Will Mount Rainier and Mammoth Mountain Be Next To Erupt — Yellowstone? — Will It Happen? Yes. When? Do not know! — Videos

Posted on September 28, 2014. Filed under: American History, Biology, Blogroll, Chemistry, Communications, Diasters, Documentary, Economics, Education, Energy, Federal Government, Geology, government spending, history, liberty, Life, Links, media, People, Philosophy, Photos, Physics, Radio, Science, Strategy, Technology, Video, Volcano, Water, Weather, Wisdom | Tags: , , , , , , , , |

Cascade_Range_map

screen_poster_lahar_hazrainier-lahar-flow-map-lgmt-rainier-lahars-from-eruption-will-create-massive-tsunamisdebris_flows

California SUPERVOLCANO Earthquake Swarm — Mono Lake / Mammoth Mountain

Top 10 Most Dangerous Volcanoes in the USA

Top 10 Highest Cascade Volcanoes! “Perfect Harmony,” Music by MrPerfectHarmony

Mount Rainier Volcano is a Ticking Time Bomb

Yellowstone Caldera : The Biggest Volcanic Eruption Ever Awaits Mankind

Mount Rainier Volcano is a Ticking Time Bomb

Supervolcano.The Truth About Yellowstone.

Supervolcano (full movie)

 

 

 

 

Mammoth earthquake swarm is the largest in nearly a decade

 

Morre than 600 small earthquakes have rattled the Mammoth Lakes region in less than 36 hours as ripple effects continued across one of the most seismically active volcanic regions in California, according to the U.S. Geological Survey.

The swarm of quakes — ranging from magnitude 1.0 to 3.8 — began just before 5 a.m. Thursday, according to the USGS.
“This is one of the largest earthquake swarms we’ve seen in the past decade or so,” said David Shelly, a USGS research seismologist who has been studying the volcanic system near Mammoth Lakes. “We’ll be tracking it closely.”

Residents reported periodic rattles through the day but said they were used to the shaking given that Mammoth is a seismically active area.

Earthquake swarms are not uncommon to this region in California’s Eastern Sierra. Countless small faults crisscross the area known as the Long Valley Caldera, Shelly said. This roughly 20-mile-wide crater-like depression, adjacent to Mammoth Mountain, was formed from ash and pumice deposits during a volcanic “super eruption” about 760,000 years ago.

At 11,053 feet, Mammoth Mountain is a lava dome complex on the southwest rim of the caldera and last erupted about 57,000 years ago. The volcanic region is one of the most seismically active in a mostly quiet network of 17 volcanoes throughout California.

The central part of the caldera has been uplifting slowly in recent decades, and these earthquake swarms happen episodically as part of the volcanic and tectonic interactions in the area, Shelly said.

It doesn’t mean that the volcano is any more active. It’s an ongoing process in an volcanic system.
- David Shelly, USGS research seismologist
Deep down in the earth, there is magma, but the magma is not what’s moving, Shelly said. The earthquakes are usually triggered when water and carbon dioxide above the magma move up into higher layers of the earth’s crust and into the cracks of the small faults. The increase in fluid pressure sets off the movements.

“It doesn’t mean that the volcano is any more active,” he said. “It’s an ongoing process in an volcanic system.”

The latest earthquakes seem to be occurring in the same location as a swarm in July, when about 200 quakes of magnitude 2.7 or smaller rocked the area.

The size of the most recent swarm was notable, but was not nearly the size of some swarms in the 1980s and 1990s.

In the 1980s, the area was hit with multiple 6.0-magnitude temblors, which were likely overshadowed by the Mount St. Helens eruption in Washington state, Shelly said.

The last larger swarm occurred in 1997, when temblors as high as magnitude 4.9 shook the region. Thousands of earthquakes were part of that sequence, which lasted several months, Shelly said.

Mammoth quake swarm
Mammoth Mountain is one of the most seismically active volcanoes in California. (Brian van der Brug / Los Angeles Times)
There has been no indication that this week’s earthquakes will turn into anything like what happened in 1997. About 109 quakes of magnitude 2.0 or greater have been recorded since Thursday morning, while hundreds of smaller 1.0-magnitude quakes made up a bulk of the activity. At least six were greater than 3.0 magnitude.

By midday Friday, the swarm seemed to be slowing down, but Shelly said scientists would continue to monitor the area closely.

“At this point, we don’t know if it would continue to die down, or if there’d be another stage to this swarm,” Shelly said. “This is certainly an interesting scientific opportunity to better understand the processes that are driving this activity.”

http://www.latimes.com/local/lanow/la-me-ln-mammoth-earthquake-swarm-largest-in-a-decade-20140926-story.html

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Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

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The Pronk Pops Show Podcasts

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

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Story 1: Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

U.S. Debt Clock

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/17/2014 12,767,522,798,389.80 4,997,219,915,398.95 17,764,742,713,788.75

 

TABLE I -- SUMMARY OF TREASURY SECURITIES OUTSTANDING, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                              By the Public         Holdings
Marketable:
  Bills.......................................        1,450,293                     1,704                1,451,998
  Notes.......................................        8,109,269                     7,365                8,116,634
  Bonds.......................................        1,521,088                        57                1,521,144
  Treasury Inflation-Protected Securities.....        1,031,836                        52                1,031,888
  Floating Rate Notes  21  ...................          109,996                         0                  109,996
  Federal Financing Bank  1  .................                0                    13,612                   13,612
Total Marketable  a...........................       12,222,481                    22,790 2             12,245,271
Nonmarketable:
  Domestic Series.............................           29,995                         0                   29,995
  Foreign Series..............................            2,986                         0                    2,986
  State and Local Government Series...........          105,440                         0                  105,440
  United States Savings Securities............          177,030                         0                  177,030
  Government Account Series...................          193,237                 4,993,277                5,186,514
  Hope Bonds 19...............................                0                       494                      494
  Other.......................................            1,443                         0                    1,443
Total Nonmarketable  b........................          510,130                 4,993,771                5,503,901
Total Public Debt Outstanding ................       12,732,612                 5,016,561               17,749,172
TABLE II -- STATUTORY DEBT LIMIT, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                                 By the Public 17, 2Holdings
Debt Subject to Limit: 17, 20
  Total Public Debt Outstanding...............       12,732,612                 5,016,561               17,749,172
  Less Debt Not Subject to Limit:
    Other Debt ...............................              485                         0                      485
    Unamortized Discount  3...................           15,742                    12,421                   28,163
    Federal Financing Bank  1     ............                0                    13,612                   13,612
    Hope Bonds 19.............................                0                       494                      494
  Plus Other Debt Subject to Limit:
    Guaranteed Debt of Government Agencies  4                 *                         0                        *
  Total Public Debt Subject to Limit .........       12,716,386                 4,990,033               17,706,419
  Statutory Debt Limit  5.....................................................................                   0
COMPILED AND PUBLISHED BY
THE BUREAU OF THE FISCAL SERVICE
www.TreasuryDirect.gov

Interest Expense on the Debt Outstanding

The Interest Expense on the Debt Outstanding includes the monthly interest for:

Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.

The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 199KB, uploaded 09/05/2014).

Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from the Adobe Website.

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Interest Expense Fiscal Year 2014
August $27,093,517,258.24
July $29,260,530,745.98
June $97,565,768,696.69
May $32,081,384,628.40
April $31,099,852,014.96
March $26,269,559,883.36
February $21,293,863,450.50
January $19,498,592,676.78
December $88,275,817,263.03
November $22,327,099,682.97
October $16,451,313,332.09
Fiscal Year Total $411,217,855,816.94
Available Historical Data Fiscal Year End
2013 $415,688,781,248.40
2012 $359,796,008,919.49
2011 $454,393,280,417.03
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83
2005 $352,350,252,507.90
2004 $321,566,323,971.29
2003 $318,148,529,151.51
2002 $332,536,958,599.42
2001 $359,507,635,242.41
2000 $361,997,734,302.36
1999 $353,511,471,722.87
1998 $363,823,722,920.26
1997 $355,795,834,214.66
1996 $343,955,076,695.15
1995 $332,413,555,030.62
1994 $296,277,764,246.26
1993 $292,502,219,484.25
1992 $292,361,073,070.74
1991 $286,021,921,181.04
1990 $264,852,544,615.90
1989 $240,863,231,535.71
1988 $214,145,028,847.73

chart

fredgraph

fredgraph

BND-10-Year-Treasury-Yield-09122014

 JIM ROGERS Financial disaster coming – Dollar collapse – Countries Move Away From USD

US Fed signals move to normalize monetary policy

Dollar Meltdown, Massive Financial Bubble, Economic Collapse Marc Faber

Peter Schiff Iraq Crisis Threatens Global Economy

Peter Schiff – Fantasy About US Recovery Is Not Going To Materialize

Most important video Americans will see today – Doug Casey Interview

James Grant: Two Alternative Outcomes From Fed Policy – Much Higher Inflation or More Money Printing

Investor Jim Grant on Bubbles And Bargains

Jim Rogers Discusses Concern Over The Market

Jim Rogers On Economic Collapse And The US Debt‬

US Economy 2014 Collapse – *Peter Schiff* – FED will cause Huge Economic Crisis!

US ECONOMY COLLAPSE WILL LEAVE MILLIONS IN POVERTY

There Will Be No Economic Recovery. Prepare Yourself Accordingly

US Massive Financial Crisis Coming

Dan Mitchell Discussing Harvard Survey, Arguing for Growth over Class Warfare

The Coming Stock Market Crash and The Death of Money with Jim Rickards

Market Crash, Economic collapse 2014, The coming of World War 3 – Stock Market

Forbes: Obama’s Economic Reforms Are the Definition of Insanity

Why America Should Default and You Should Live Abroad: Q&A with Doug Casey

Doug Casey-No Way Out-Stock, Bond and Real Estate Markets Will Collapse

Russia conspired to destroy US dollar with China – clip from Meltdown America documentary

http://www.caseyresearch.com/lg/meltdown-video

 

 

Here a bubble, there a bubble: Ol’ Marc Faber

Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm.

“We have a bubble in everything, everywhere,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box” on Friday. Faber has long argued that the Federal Reserve’s massive asset purchasing programs and near-zero interest rates have inflated stock prices.

The catalyst for a market decline, as he sees it, could be a “raise in interest rates, not engineered by the Fed,” referring an increase in bond yields.

 

Faber also expressed concern about American consumers. “Their cost of living have gone up more than the salary increases, so they’re getting squeezed. So that’s why retailing is not doing particularly well.”

A real black swan event, he argued, would be a global recession. “The big surprise will be that the global economy slows down and goes into recession. And that will shock markets.”

If economies around the world can’t recovery with the Fed and other central banks pumping easy money into the system, that would send a dire message, Faber added. He believes the best way for world economies to recover is to cut the size of government.

Read MoreBond market hears Fed hawks; stocks see doves

There’s a dual-economy in the U.S. and around the world with the rich doing really well and others struggling, he said. “[But] the rich will get creamed one day, especially in Europe, on wealth taxes.”

On the other end of the market spectrum, longtime stock market bull Jeremy Siegel told CNBC on Tuesday (ahead of Wednesday’s Fed policy statement leaving interest rate guidance unchanged) that he stands by his Dow 18,000 prediction.

The Wharton School professor sees second half economic growth of 3 to 4 percent, S&P 500 earnings near $120, and the start of Fed rate hikes in the spring or summer of 2015

http://www.cnbc.com/id/102016166

 

Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman

The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a “considerable time” after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (^DJI) closed at a new record high.

Former Director of the Office of Management and Budget and author of the book, The Great Deformation, David Stockman, has significant concerns about that very policy.

“I’m worried… that we’ve got the greatest bubble created by a central bank in human history,” he told Yahoo Finance.

In a recent blog post, Stockman offered a handful of high-flying stocks as evidence of what he sees as “madness.”

                                               “…Twitter, is all that is required to remind us that once

                                               again markets are trading in the nosebleed section

                                               of history, rivaling even the madness of March 2000.”

Behind the madness

In an interview with Yahoo Finance, Stockman blamed Fed policy for creating that madness.

“We have been shoving zero-cost money into the financial markets for 6-years running,” he said. “That’s the kerosene that drives speculative trading – the carry trades. That’s what the gamblers use to fund their position as they move from one momentum play and trade to another.”

And that, he says, is not sustainable. While Stockman believes tech stocks are especially overvalued, he warns that it’s not just tech valuations that are inflated. “Everything’s massively overvalued, and it’s predicated on zero-cost overnight money that continues these carry trades; It can’t continue.”

And he still believes, as he has for some time – so far, incorrectly – that there will be a day of reckoning.

“When the trades begin to unwind because the carry cost has to normalize, you’re going to have a dramatic re-pricing dislocation in these financial markets.”

As Yahoo Finance’s Lauren Lyster points out in the associated video, investors who heeded Stockman’s advice last year would have missed out on a 28% run-up in stocks. But Stockman remains steadfast in his belief that the current Fed policy and the resultant market behavior can not continue. “I think what the Fed is doing is so unprecedented, what is happening in the markets is so unnatural,” he said. “This is dangerous, combustible stuff, and I don’t know when the explosion occurs – when the collapse suddenly is upon us – but when it happens, people will be happy that they got out of the way if they did.”

 

 

Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, September 11, 2014
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)


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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 11, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Reserve Bank credit 4,377,690 +    4,183 +  761,693 4,379,719
Securities held outright1 4,159,537 +    2,675 +  765,361 4,160,521
U.S. Treasury securities 2,439,657 +    2,671 +  401,376 2,440,637
Bills2          0          0          0          0
Notes and bonds, nominal2 2,325,368 +    2,678 +  386,333 2,326,351
Notes and bonds, inflation-indexed2     97,755          0 +   11,737     97,755
Inflation compensation3     16,534 -        7 +    3,306     16,531
Federal agency debt securities2     41,562          0 -   22,868     41,562
Mortgage-backed securities4 1,678,317 +        4 +  386,851 1,678,322
Unamortized premiums on securities held outright5    208,963 -      219 +    5,815    208,907
Unamortized discounts on securities held outright5    -18,664 +       21 -   12,958    -18,654
Repurchase agreements6          0          0          0          0
Loans        291 -        8 +       18        352
Primary credit         10 -       18 -        8         53
Secondary credit          0          0          0          0
Seasonal credit        247 +        9 +       94        266
Term Asset-Backed Securities Loan Facility7         34          0 -       68         34
Other credit extensions          0          0          0          0
Net portfolio holdings of Maiden Lane LLC8      1,664 -        1 +      171      1,665
Net portfolio holdings of Maiden Lane II LLC9         63          0 -        1         63
Net portfolio holdings of Maiden Lane III LLC10         22          0          0         22
Net portfolio holdings of TALF LLC11         44          0 -       80         44
Float       -675 -       69 +       94       -627
Central bank liquidity swaps12         77 +        1 -      243         77
Other Federal Reserve assets13     26,369 +    1,784 +    3,517     27,349
Foreign currency denominated assets14     22,933 -      353 -      737     22,801
Gold stock     11,041          0          0     11,041
Special drawing rights certificate account      5,200          0          0      5,200
Treasury currency outstanding15     46,103 +       14 +      820     46,103
Total factors supplying reserve funds 4,462,967 +    3,844 +  761,776 4,464,863

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Currency in circulation15 1,292,467 -      442 +   84,956 1,291,993
Reverse repurchase agreements16    266,584 +      818 +  173,996    267,602
Foreign official and international accounts    102,228 -      296 +    9,640    107,303
Others    164,356 +    1,115 +  164,356    160,299
Treasury cash holdings        165 +        4 +       23        164
Deposits with F.R. Banks, other than reserve balances     52,715 -    6,170 -   19,233     53,117
Term deposits held by depository institutions          0          0          0          0
U.S. Treasury, General Account     39,081 -    3,787 +      530     31,872
Foreign official      5,432 -    1,134 -    3,562      5,241
Other17      8,202 -    1,248 -   16,201     16,004
Other liabilities and capital18     63,991 -        1 +      818     63,033
Total factors, other than reserve balances,
absorbing reserve funds
1,675,922 -    5,792 +  240,561 1,675,910
Reserve balances with Federal Reserve Banks 2,787,045 +    9,636 +  521,214 2,788,954

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items

Millions of dollars

Memorandum item Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Securities held in custody for foreign official and international accounts 3,338,309 -      417 +   61,832 3,343,937
Marketable U.S. Treasury securities1 3,010,563 -      456 +   86,414 3,016,027
Federal agency debt and mortgage-backed securities2    285,805 +       28 -   29,008    285,934
Other securities3     41,942 +       12 +    4,427     41,976
Securities lent to dealers     10,669 +    1,648 -    1,429     11,123
Overnight facility4     10,669 +    1,648 -    1,429     11,123
U.S. Treasury securities      9,860 +    1,721 -    1,405     10,373
Federal agency debt securities        810 -       72 -       23        750

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 10, 2014

Millions of dollars

Remaining Maturity Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 year
to 10 years
Over 10
years
All
Loans1        118        234          0          0          0        352
U.S. Treasury securities2
Holdings          0         90      3,194 1,037,162    742,261    657,930 2,440,637
Weekly changes          0          0          0 +    1,615 -        1 +    2,037 +    3,651
Federal agency debt securities3
Holdings      1,556      1,329      3,584     32,746          0      2,347     41,562
Weekly changes          0          0          0          0          0          0          0
Mortgage-backed securities4
Holdings          0          0          0         10      4,698 1,673,614 1,678,322
Weekly changes          0          0          0          0 +      863 -      857 +        6
Asset-backed securities held by
TALF LLC5
         0          0          0          0          0          0          0
Repurchase agreements6          0          0          0
Central bank liquidity swaps7         77          0          0          0          0          0         77
Reverse repurchase agreements6    267,602          0    267,602
Term deposits          0          0          0          0

Note: Components may not sum to totals because of rounding.
…Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name Wednesday
Sep 10, 2014
Mortgage-backed securities held outright1 1,678,322
Commitments to buy mortgage-backed securities2     80,643
Commitments to sell mortgage-backed securities2          0
Cash and cash equivalents3          4
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane LLC1      1,665
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane II LLC1         63
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane III LLC1         22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Asset-backed securities holdings1          0
Other investments, net         44
Net portfolio holdings of TALF LLC         44
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under theauthority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury’s Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Assets
Gold certificate account     11,037          0          0
Special drawing rights certificate account      5,200          0          0
Coin      1,930 +        8 -       62
Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,351,126 +    3,534 +  756,847
Securities held outright1 4,160,521 +    3,657 +  763,739
U.S. Treasury securities 2,440,637 +    3,651 +  399,549
Bills2          0          0          0
Notes and bonds, nominal2 2,326,351 +    3,661 +  385,784
Notes and bonds, inflation-indexed2     97,755          0 +   10,546
Inflation compensation3     16,531 -       10 +    3,219
Federal agency debt securities2     41,562          0 -   22,654
Mortgage-backed securities4 1,678,322 +        6 +  386,844
Unamortized premiums on securities held outright5    208,907 -      132 +    5,820
Unamortized discounts on securities held outright5    -18,654 +       19 -   12,787
Repurchase agreements6          0          0          0
Loans        352 -       10 +       75
Net portfolio holdings of Maiden Lane LLC7      1,665 +        1 +      167
Net portfolio holdings of Maiden Lane II LLC8         63          0 -        1
Net portfolio holdings of Maiden Lane III LLC9         22          0          0
Net portfolio holdings of TALF LLC10         44          0 -       68
Items in process of collection (0)         94 -       22 -       31
Bank premises      2,255          0 -       29
Central bank liquidity swaps11         77 +        1 -      243
Foreign currency denominated assets12     22,801 -      404 -      925
Other assets13     25,095 +    2,704 +    3,719
Total assets (0) 4,421,408 +    5,821 +  759,373

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,247,980 -    2,086 +   84,510
Reverse repurchase agreements14    267,602 +   17,296 +  175,438
Deposits (0) 2,842,072 -    8,612 +  499,663
Term deposits held by depository institutions          0          0          0
Other deposits held by depository institutions 2,788,954 -   24,799 +  513,312
U.S. Treasury, General Account     31,872 +   10,836 +    1,852
Foreign official      5,241 -    1,326 -    3,524
Other15 (0)     16,004 +    6,676 -   11,978
Deferred availability cash items (0)        721 -      482 -      163
Other liabilities and accrued dividends16      6,693 -      299 -    1,529
Total liabilities (0) 4,365,067 +    5,817 +  757,919
Capital accounts
Capital paid in     28,170 +        2 +      726
Surplus     28,170 +        2 +      726
Other capital accounts          0          0          0
Total capital     56,341 +        4 +    1,454

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account     11,037        352      4,125        338        464        824      1,349        706        278        173        291        880      1,257
Special drawing rights certificate acct.      5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin      1,930         32         94        124        123        320        222        276         25         46        153        182        332
Securities, unamortized premiums and discounts, repurchase agreements,
and loans
4,351,126     88,009 2,670,390    104,231     94,993    243,168    240,542    177,833     53,725     26,795     57,330    132,586    461,524
Securities held outright1 4,160,521     84,160 2,553,576     99,673     90,839    232,534    229,991    170,046     51,317     25,497     54,804    126,772    441,311
U.S. Treasury securities 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Bills2          0          0          0          0          0          0          0          0          0          0          0          0          0
Notes and bonds3 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Federal agency debt securities2     41,562        841     25,509        996        907      2,323      2,298      1,699        513        255        547      1,266      4,409
Mortgage-backed securities4 1,678,322     33,949 1,030,093     40,207     36,644     93,803     92,777     68,595     20,701     10,285     22,107     51,139    178,021
Unamortized premiums on securities held outright5    208,907      4,226    128,220      5,005      4,561     11,676     11,548      8,538      2,577      1,280      2,752      6,365     22,159
Unamortized discounts on securities held outright5    -18,654       -377    -11,449       -447       -407     -1,043     -1,031       -762       -230       -114       -246       -568     -1,979
Repurchase agreements6          0          0          0          0          0          0          0          0          0          0          0          0          0
Loans        352          1         44          0          0          0         34         11         61        132         20         17         33
Net portfolio holdings of Maiden
Lane LLC7      1,665          0      1,665          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane II LLC8         63          0         63          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane III LLC9         22          0         22          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC10         44          0         44          0          0          0          0          0          0          0          0          0          0
Items in process of collection         94          0          0          0          0          0         93          0          0          1          0          0          0
Bank premises      2,255        121        434         74        110        222        209        198        124         97        243        224        200
Central bank liquidity swaps11         77          4         25          6          6         16          4          2          1          0          1          1         11
Foreign currency denominated assets12     22,801      1,037      7,335      1,714      1,813      4,754      1,311        629        192         96        240        381      3,299
Other assets13     25,095        535     15,039        739        546      1,547      1,374      1,014        356        219        347        798      2,580
Interdistrict settlement account          0 +   10,547 -   58,585 +    2,678 +    9,252 +      197 +    8,040 -   10,297 -   10,950 -    2,083 -      134 +    2,635 +   48,701
Total assets 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,443,974     44,572    489,349     42,766     65,118    103,568    212,875     94,569     37,360     21,242     36,783    115,911    179,862
Less: Notes held by F.R. Banks    195,994      5,311     63,063      6,357      8,870     11,177     20,690     11,915      4,937      4,278      5,302     25,736     28,359
Federal Reserve notes, net 1,247,980     39,261    426,285     36,409     56,248     92,391    192,186     82,654     32,423     16,964     31,481     90,175    151,503
Reverse repurchase agreements14    267,602      5,413    164,244      6,411      5,843     14,956     14,793     10,937      3,301      1,640      3,525      8,154     28,385
Deposits 2,842,072     53,409 2,030,175     62,876     40,791    131,999     42,547     75,315      7,510      6,356     22,882     38,429    329,783
Term deposits held by depository institutions          0          0          0          0          0          0          0          0          0          0          0          0          0
Other deposits held by depository institutions 2,788,954     53,397 1,977,410     62,837     40,788    131,731     42,538     75,306      7,510      6,355     22,881     38,428    329,774
U.S. Treasury, General Account     31,872          0     31,872          0          0          0          0          0          0          0          0          0          0
Foreign official      5,241          2      5,214          3          3          8          2          1          0          0          0          1          6
Other15     16,004         11     15,679         36          0        260          7          7          0          0          1          0          3
Deferred availability cash items        721          0          0          0          0          0        611          0          0        110          0          0          0
Interest on Federal Reserve notes due
to U.S. Treasury16
     1,693         19      1,199         20         10         23         86         73         20         12         20         54        155
Other liabilities and accrued
dividends17
     5,000        167      2,179        211        208        544        361        282        142        118        126        208        454
Total liabilities 4,365,067     98,270 2,624,083    105,927    103,101    239,913    250,583    169,261     43,395     25,200     58,034    137,021    510,279
Capital
Capital paid in     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Surplus     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Other capital          0          0          0          0          0          0          0          0          0          0          0          0          0
Total liabilities and capital 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral Wednesday
Sep 10, 2014
Federal Reserve notes outstanding 1,443,974
Less: Notes held by F.R. Banks not subject to collateralization    195,994
Federal Reserve notes to be collateralized 1,247,980
Collateral held against Federal Reserve notes 1,247,980
Gold certificate account     11,037
Special drawing rights certificate account      5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,231,743
Other assets pledged          0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,160,521
Less: Face value of securities under reverse repurchase agreements    257,508
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

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Posted on August 25, 2014. Filed under: Blogroll, Communications, Documentary, Islam, Islam, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Religion, Shite, Sunni, Television, Terrorism, Video, War, Wisdom | Tags: , , , , |

My trip to Al-Qaeda

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George J. Borjas — Heaven’s Door: Immigration Policy and The American Economy — Videos

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George J. Borjas

From Wikipedia, the free encyclopedia
George J. Borjas
Born Jorge Jesus Borjas
October 15, 1950 (age 63)
Havana, Cuba
Residence Lexington, Massachusetts
Citizenship American
Fields Economist
Institutions Harvard Kennedy School
Alma mater St. Peter’s College
Columbia University
Known for research on immigration

George Jesus Borjas (born Jorge Jesus Borjas; October 15, 1950)[1] is an American economist and the Robert W. Scrivner Professor of Economics and Social Policy at the Harvard Kennedy School.[2] He is most well known for his advocacy of reducing the rates of immigration to the United States.

Personal life and education

Borjas was born in Havana, Cuba on October 15, 1950. He migrated to the United States in October, 1962 with his mother. He graduated with a B.S. in economics and mathematics from St. Peter’s College in 1971. He then completed his M.A. in economics from Columbia University in 1974. He completed his M.Phil and Ph.D. in economics from Columbia in 1975 for thesis titled Job Investment, Labor Mobility and Earnings.[3]

He is married and has three children.[3]

Academic career

Borjas became an assistant professor of economics at Queens College, City University of New York from 1975 to 1977. He was a post-doctoral fellow at the Department of Economics, University of Chicago from 1977 to 1978. He was also a Senior Research Analyst, National Bureau of Economic Research from 1972 to 1978.[3]

He joined the faculty at the University of California, Santa Barbara in 1980 and remained there for ten years. He then became a professor at the University of California, San Diego from 1990 to 1995. He joined the faculty at Harvard University in 1995.[3]

Work

Borjas was called ‘America’s leading immigration economist’ by BusinessWeek and The Wall Street Journal. He is an influential figure in the debate on immigration and his research on the economic impact of immigration plays a central role in the debate over immigration policy in the United States.[1]

He has written many books and has published more than 100 articles in books and scholarly journals, including the American Economic Review, the Journal of Political Economy, and the Quarterly Journal of Economics.[2] His most recent book is Immigration Economics (Cambridge, MA: Harvard University Press, 2014).

Honors

Borjas was listed in Who’s Who in the World, Who’s Who in America, Who’s Who in Finance and Industry and Who’s Who in Economics. He was elected a fellow of the Econometric Society in 1998 and a fellow of the Society of Labor Economists in 2004. He was also a member of the Council of Economic Advisors for the Governor of California from 1993 to 1998, of the National Academy of Sciences Panel on the Demographic and Economic Impact of Immigration from 1995 to 1997, and chaired the National Science Foundation’s Committee of Visitors for the Economics Program in 1996.[2]

In 2011 he was named co-winner of the IZA Prize in Labor Economics.[4]

Books

The following are the books published by Borjas.

  • Wage Policy in the Federal Bureaucracy (American Enterprise Institute, 1980)
  • Friends or Strangers: The Impact of Immigrants on the U.S. Economy (Basic Books, 1990)
  • Labor Economics (McGraw-Hill, 1996; 2nd Edition, 2000, 3rd edition, 2005, 4th edition, 2008, 5th edition, 2010,)
  • Heaven’s Door: Immigration Policy and the American Economy (Princeton University Press, 1999)

References

  1. Davis, Bob (April 26, 1996). “Despite His Heritage, Prominent Economist Backs Immigration Cut”. The Wall Street Journal. Retrieved 2008-06-30.[dead link]
  2. “Biography of George J. Borjas”. Harvard University. Retrieved 2008-06-30.[dead link]
  3. “Curriculum Vitae of George J. Borjas” (pdf). Harvard University. Retrieved 2008-06-30.
  4. George Borjas Named Co-Winner of 2011 IZA Prize in Labor Economics Harvard Kennedy School, July 21, 2011. Retrieved December 1, 2012

External links

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peter_brimelow

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Posted on July 17, 2014. Filed under: American History, Blogroll, British History, Communications, Computers, Diasters, Economics, Education, Foreign Policy, Language, Law, Links, media, People, Philosophy, Photos, Politics, Rants, Raves, Resources, Technology, Video, War, Weapons | Tags: , , , , , , , |

 

 

 

Ukraine Adviser: Malaysian Airlines Jet Shot Down By Missile Near Ukraine-Russia Border

this_image_of_the_passenger_plane_crash_was_posted_on_twitter_Master

 

Mayalsia Airlines Flight crashes in Ukraine

Ukraine-says-Malaysian-airliner-shot-down-295-dead

1405616690787_wps_8_plane_crash_Graphic

207cc_-_Malaysia_Airlines_Boeing_777-2H6ER

malaysiaairlinesboeing777-200

Russia Syrian GameBUK-MISSILE-570

 

airliner_shot_down

airliner_shot_down_2

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UPDATE Missile downs Malaysia Airlines MH17

Malaysia Plane crash Malaysia Airlines plane crash mh17 explode over Ukraine TRAGEDY

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Malaysian Airlines plane crash: passenger jet shot down over Ukraine, 295 dead

[y0utube=http://www.youtube.com/watch?v=k1iPi9wfc5Q]

Malaysia Airlines Plane Crash in Ukraine MH17 Flight Shot Down (17 July 2014)

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US Concludes Malaysian Airline was Shot Down, Both Russia and Ukraine Deny Involvment
One radar system saw a surface-to-air missile system turn on and track an aircraft right before the plane went down Thursday, according to the official. Photo:mashable.com

The United States has concluded the Malaysian airline was shot down, a senior U.S. official told CNN’s Barbara Starr. They are analyzing the trajectory of the missile to try to learn where the attack came from.

“[US intelligence has] another asset that gives them a heat signature, an infrared heat signature that tells them there was a massive event … they put both of these pieces of information together and concluded that the plane was shot down,” Starr said.

One radar system saw a surface-to-air missile system turn on and track an aircraft right before the plane went down Thursday, according to the official. A second system saw a heat signature at the time the airliner was hit, the official said.

US intelligence is reportedly still working to determine the exact location from which the missile was fired, and whether it was on the Russian or the Ukrainian side of the border.

The UN Security Council plans to hold an emergency meeting over the shooting down of Malaysian airliner in Ukraine, and the deteriorating situation in the country. The meeting was called in by the UK, Itar-tass reports.

NATO’s chief Anders Fogh Rasmussen has also urged an immediate international investigation into the crash of the Malaysia Airlines MH17 plane in Eastern Ukraine, RIA-Novosti news agency reports.

“No surface-to-air systems are involved in the military operation against separatists in the east, and the plane was out of reach of other Ukrainian air defence forces,” the statement from Ukraine’s Defence Ministry added.

Yet, The Ukrainian military reportedly deployed a battery of Buk surface-to-air missile systems, capable of bringing down high-flying jets, to the Donetsk region the day before the Malaysian passenger plane crashed in the area.

Itar-Tass and Interfax news agencies are citing a source familiar with the issue, who said that another battery of Buk systems is currently being prepared for shipment to Donetsk region from the Ukrainian city of Kharkov.

Meanwhile, Ukraine’s state security chief accused two Russian military intelligence officers of involvement in the downing of a Malaysian passenger plane on Thursday. The SBU chief Valentin Nalivaychenko added they must be punished for their “crime.” The Ukrainian official said he based his allegation on intercepts of phone conversations between the two officers.

The purported telephone intercepts have been posted to YouTube (Russian), as have past recordings of alleged conversations between rebels, some of whom are accused of being agents with Russian agents.

In the recordings, men nicknamed “Demon”, “Mayor,” and “Grek” panic and curse as they realize they’ve shot down a passenger plane and killed civilians, describing to each other the “bodies of women and children”.

The authenticity of the recordings, however, cannot be confirmed.

IHS Jane’s Defense analyst, Nick de Larrinaga, shared the belief that the self-defense forces lack the capability to bring the Malaysian plane down.

“At normal cruising altitude a civilian passenger aircraft would be out of the range of the sort of manned portable air (defense) systems that we have seen proliferate in rebel hands in east Ukraine,” he said in a statement.

But the aircraft would be within range of Buk or other medium-range surface-to-air missile systems, he stressed.

“Both Russia and Ukraine have such SAM systems in their inventories,” the expert added.

It seems unlikely that the self-defense forces could’ve used Buk surface-to-air missile systems to down the Malaysian plane, retired Brig. Gen. Kevin Ryan, the director of the Defense and Intelligence Project at the Belfer Center for Science and International Affairs, said.

“It takes a lot of training and a lot of coordination to fire one of these and hit something,” he told CNN. “This is not the kind of weapon a couple of guys are going to pull out of a garage and fire.”

According to Ryan, if the plane was really taken down then it was done by a professional military force.

http://www.independent.mk/articles/7367/US+Concludes+Malaysian+Airline+was+Shot+Down,+Both+Russia+and+Ukraine+Deny+Involvment

Ukraine Adviser: Malaysian Airlines Jet Shot Down By Missile Near Ukraine-Russia Border

A picture taken on July 17, 2014 shows wreckage of the Malaysian Airliner carrying 295 people from Amsterdam to Kuala Lumpur after it crashed, near the town of Shaktarsk, in rebel-held east Ukraine. (credit: DOMINIQUE FAGET/AFP/Getty Images)

A picture taken on July 17, 2014 shows wreckage of the Malaysian Airliner carrying 295 people from Amsterdam to Kuala Lumpur after it crashed, near the town of Shaktarsk, in rebel-held east Ukraine. (credit: DOMINIQUE FAGET/AFP/Getty Images)

Ukraine said a Malaysia Airlines passenger plane carrying 295 people was shot down Thursday as it flew over the country, and both the government and the pro-Russia separatists fighting in the region denied any responsibility for downing the plane.

As plumes of black smoke rose up near a rebel-held village of Grabovo in eastern Ukraine, an Associated Press journalist counted at least 22 bodies at the crash site 40 kilometers (25 miles) from the Russian border.

Photos: Crash Scene in Ukraine

Anton Gerashenko, an adviser to Ukraine’s interior minister, said on his Facebook page the plane was flying at an altitude of 10,000 meters (33,000 feet). He also said it was hit by a missile fired from a Buk launcher, which can fire missiles up to an altitude of 22,000 meters (72,000 feet).

A similar launcher was seen by Associated Press journalists near the eastern Ukrainian town of Snizhne earlier Thursday.

Malaysia Airlines confirmed that it received notification from Ukrainian aviation authorities that it had lost contact with flight MH17 at 1415 GMT some 30 kilometers (20 miles) from Tamak waypoint, approximately 50 km (30 miles) from the Russia-Ukraine border.

It said the plane had 280 passengers and 15 crew aboard a Boeing 777 that left Amsterdam at 12.15 p.m. and was to arrive at Kuala Lumpur International Airport at 6.10 a.m. Friday.

CBS News had yet to confirm if the Boeing 777 was shot down.

RELATED: Stay up-to-date with our Live Blog

Interfax reports that the Ukrainian Interior Ministry says that everyone on board was killed. The Interior Ministry claims that 23 Americans were killed in the crash, according to Interfax. The State Department is looking into whether Americans were on the flight.

A source told Interfax that the plane “began to drop, afterwards it was found burning on the ground on Ukrainian territory.”

Reuters reports that body parts have been scattered seven miles within the crash site, an indication that the plane came apart mid-air. A Ukrainian Emergency Ministry official told Reuters that first responders have found at least 100 bodies.

Ukrainian pro-separatists have denied responsibility for the Malaysian Airlines civilian jet crash as Ukrainian President Petro Poroshenko says his country’s military did not shoot down the plane.

“We do not exclude that this plane was shot down, and we stress that the Armed Forces of Ukraine did not take action against any airborne targets,” Poroshenko stated.

Poroshenko said “we are sure that those who are guilty in this tragedy will be held responsible.”

According to Interfax, Poroshenko called it a “terrorist act.”

The Ukrainian Foreign Ministry claims in a statement obtained by CBS News that Russia is complicit, if not responsible, for the downing of the plane.

“The plane was shot down, because the Russian air defense systems was affording protection to Russian mercenaries and terrorists in this area,” the statement read.

Dmitry Peskov, spokesman for Russian President Vladimir Putin, told The Guardian that allegations that Russia was behind the crash was just sheer “stupidity.”

CBS News reports that President Barack Obama has been briefed on the crash. Obama has instructed his team to be in touch with Ukrainian authorities.

“The world is watching reports of a downed passenger jet at the Russia-Ukraine border and it looks like it might be a terrible tragedy,” Obama said during an event held in Wilmington, Del., adding that the U.S. is working on confirming if Americans were on the flight.

During a phone call with Obama Thursday morning to express his dissatisfaction to the latest economic sanctions, Russian President Vladimir Putin brought up that there were early reports of a downed Malaysian Airlines jet in Ukraine, CBS News reports.

The Federal Aviation Administration tells CBS News that the agency prohibited U.S. carriers from flying through this region.

It was the second time that a Malaysia Airlines plane was lost in less than six months. Malaysia Airlines Flight 370 disappeared in March while en route from Kuala Lumpur to Beijing. It has not been found, but the search has been concentrated in the Indian Ocean far west of Australia.

Malaysian Defense Minister Hishamuddin Hussein said on Twitter there’s no confirmation that Thursday’s plane was shot down. He said he has instructed the country’s military to check and get confirmation.

The Donetsk region government said Thursday’s plane crashed near a village called Grabovo, which it said is currently under the control of armed pro-Russian separatists. The region where the flight was lost has seen severe fighting between Ukrainian forces and pro-Russia separatist rebels in recent days.

A launcher similar to the Buk missile system was seen by Associated Press journalists near the eastern Ukrainian town of Snizhne, which is held by pro-Russia rebels, earlier Thursday.

On Wednesday evening, a Ukrainian fighter jet was shot down by an air-to-air missile from a Russian plane, Ukrainian authorities said Thursday, adding to what Kiev says is mounting evidence that Moscow is directly supporting the separatist insurgents in eastern Ukraine. Security Council spokesman Andrei Lysenko said the pilot of the Sukhoi-25 jet hit by the air-to-air missile was forced to bail after his jet was shot down.

Pro-Russia rebels, meanwhile, claimed responsibility for strikes Wednesday on two Ukrainian Sukhoi-25 jets. The Ukrainian Defense Ministry said the second jet was hit by a portable surface-to-air missile, but added the pilot was unscathed and managed to land his plane safely

Moscow denies Western charges that is supporting the separatists or sowing unrest in its neighbor. The Russian Defense Ministry couldn’t be reached for comment Thursday about the Ukrainian jet and Russia’s foreign ministry didn’t respond to multiple requests for comment.

Earlier this week, Ukraine said a military transport plane was shot down Monday by a missile fired from Russian territory.

The Malaysia Airlines plane is a Boeing 777-200ER, which was delivered to Malaysia Airlines on July 30, 1997, according to Flightglobal’s Ascend Online Fleets, which sells and tracks information about aircraft. It has more than 43,000 hours of flight time and 6,950 takeoffs and landings.

If the plane was shot down, it would be the fourth commercial airliner to face such a fate. The previous three were:

- April 20, 1978: Korean Airlines Flight 902, which diverted from its planned course on a flight from Paris to Seoul and strayed over the Soviet Union. After being fired upon by an interceptor aircraft, the crew made a forced landing at night on the surface of a frozen lake. Two of the 97 passengers were killed by the hostile fire.

- Sept. 1, 1983: Korean Air Lines Flight 007 shot down by at least one Soviet air-to-air missile after the 747 had strayed into Soviet airspace. All 240 passengers and 29 crew were killed.

- July 3, 1988: Iran Air Flight 655 Aircraft was shot down by a surface to air missile from the American naval vessel U.S.S. Vincennes. All 16 crew and 274 passengers were killed

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Militarization of Police Departments and SWAT Team in America — Who is the enemy? The American People — War on Drugs — War on Terror — War on Americans — Videos

Posted on June 28, 2014. Filed under: American History, Blogroll, Business, College, Communications, Computers, Drones, Economics, Education, Employment, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government spending, history, Investments, Law, liberty, Life, media, People, Philosophy, Pistols, Politics, Psychology, Rants, Raves, Regulations, Resources, Rifles, Talk Radio, Tax Policy, Technology, Terrorism, Unemployment, Video, War, Weapons, Welfare, Wisdom, Writing | Tags: , , , , , , , , |

 

Obama Expands Militarization of Police

Are Police Declaring War on Americans?

RISE Of The WARRIOR COP: The Militarization Of America’s Police Forces

Radley Balko on The Militarized Police State

MILITARIZATION OF POLICE – PENTAGON is ARMING the U.S. POLICE with MRAP Military COMBAT VEHICLE’s

 

Barney Fife Meets Delta Force 

Hypermilitarized police departments are more dangerous than whatever they fight. 

 

Nestled awkwardly among the usual guff, the outrage website Salon this week took a welcome flyer and accorded space to something genuinely alarming. “A SWAT team,” the headline screamed, “blew a hole in my 2-year-old son.” For once, this wasn’t hyperbole.

The piece’s author, Alecia Phonesavanh, described what it felt like to be on the business end of an attack that was launched in error by police who believed a drug dealer to be living and operating in her house. They “threw a flashbang grenade inside,” she reported. It “landed in my son’s crib.” Now, her son is “covered in burns” and has “a hole in his chest that exposes his ribs.” So badly injured was he by the raid that he was “placed into a medically induced coma.” “They searched for drugs,” Phonesavanh confirmed, but they “never found any.” Nor, for that matter, did they find the person they were looking for. He doesn’t live there. “All of this,” she asks, “to find a small amount of drugs?”

 

Historians looking back at this period in America’s development will consider it to be profoundly odd that at the exact moment when violent crime hit a 50-year low, the nation’s police departments began to gear up as if the country were expecting invasion — and, on occasion, to behave as if one were underway. The ACLU reported recently that SWAT teams in the United States conduct around 45,000 raids each year, only 7 percent of which have anything whatsoever to do with the hostage situations with which those teams were assembled to contend. Paramilitary operations, the ACLU concluded, are “happening in about 124 homes every day — or more likely every night” — and four in five of those are performed in order that authorities might “search homes, usually for drugs.” Such raids routinely involve “armored personnel carriers,” “military equipment like battering rams,” and “flashbang grenades.”

 

Were the military being used in such a manner, we would be rightly outraged. Why not here? Certainly this is not a legal matter. The principle of posse comitatus draws a valuable distinction between the national armed forces and parochial law enforcement, and one that all free people should greatly cherish. Still, it seems plain that the potential threat posed by a domestic standing army is not entirely blunted just because its units are controlled locally. To add the prefix “para” to a problem is not to make it go away, nor do legal distinctions change the nature of power. Over the past two decades, the federal government has happily sent weapons of war to local law enforcement, with nary a squeak from anyone involved with either political party. Are we comfortable with this?

The Right’s silence on the issue is vexing indeed, the admirable attempts of a few libertarians notwithstanding. Here, conservatives seem to be conflicted between their rightful predilection for law and order — an instinct that is based upon an accurate comprehension of human nature and an acknowledgment of the existence of evil — and a well-developed and wholly sensible fear of state power, predicated upon precisely the same thing. As of now, the former is rather dramatically winning out, leading conservatives to indulge — or at least tacitly to permit — excuses that they typically reject elsewhere. Much as the teachers’ unions invariably attempt to justify their “anything goes” contracts by pointing to the ends that they ostensibly serve (“Well you do want schools for the children or don’t you? Sign here”), the increasingly muscular behavior of local police departments is often shrugged off as a by-product of the need to fight crime. This, if left unchecked, is a recipe for precisely the sort of carte blanche that conservatives claim to fear.

Leaving aside the central moral question of the War on Drugs — which is whether the state should be responding to peaceful transactions and consensual behavior with violence — there is, it seems, considerable room between law enforcement’s turning a blind eye to the law and its aping the military in its attempt to uphold it. The cartels of Mexico and drug lords of America’s larger cities are one thing; but two-bit dealers and consumers of illicit substances are quite another. In the instance that Salon recorded, the person that authorities “were looking for, wasn’t there.” “He doesn’t even live in that house,” Phonesavanh confirmed. But suppose that he had, and that he’d been dealing drugs as charged? Does this alone make the case for the tactics? I suspect not. Instead, attempting to catch a violator in the act by releasing military vehicles full of machine-gun-wielding men, storming a home in the dead of night, and performing a no-knock raid that results in a two-year-old’s being pushed into a coma might, one suspects, be overkill — in many similar cases, literally so. The question for conservatives should be this: If cowboy poetry is no justification for federal intrusion, can drug dealing be said to serve as an open invitation for the deployment of the ersatz 101st?

In the more febrile of the Right’s quarters, the sight of MRAPs being delivered to the chief of police in Westington, Mont., has given rise to all forms of regrettable silliness — to visions of black helicopters and reeducation camps and an America on the verge of being taken by force by the gun-toting rangers of the Fish and Wildlife Service. Nevertheless, a small amount of latent paranoia has served America well, and Chekhov’s advice that “one must not put a loaded rifle on the stage if no one is thinking of firing it” should be applied to governments as rigorously as to aspiring playwrights. Once the holders of the monopoly on violence are accorded the latest weaponry, there will always be the temptation to use it. Likewise, once one has taken the mental and linguistic leap of ascribing to domestic law enforcement the imprimatur of “war,” one may be inclined to reach for the trigger that little bit more quickly. The disaster at Waco, Texas, was, it seems, more cock-up than conspiracy. But the recognition in the aftermath that the whole bloody mess could have been avoided if local officers had taken the time to chat with the victims should haunt us to this day. Rushing in at 100 miles per hour rarely works out, whatever the ill that one is attempting to resolve.

The Left’s current inclination is to spin offenses out of straw — having no major battles left to fight, it seeks to detect microaggressions; with overt bigotry so thin on the ground, the dog whistles have come out; and with the barriers to the Declaration’s maxim having been largely removed, the focus has shifted to the structural and the invisible. But first-degree burns and holes in the chest are different things altogether — not to be dismissed or downplayed — and that the issue is being raised by an outlet known for its absurdity should not dull its impact. Will the Right wake up to the threat, applying its usual mistrust of power to a favored group, or will its usually alert advocates leave themselves willfully in the dark until, one day, a flashbang with their name on it is tossed through the window to wake them up with a start?

 

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State and Central Banking: Killing and Fleecing The People Massively — Financing War — Videos

Posted on June 18, 2014. Filed under: American History, Banking, Blogroll, Communications, Constitution, Diasters, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Genocide, government, government spending, history, History of Economic Thought, Investments, Language, Law, liberty, Life, Links, Literacy, Macroeconomics, Microeconomics, Monetary Policy, Money, People, Philosophy, Rants, Raves, Regulations, Resources, Tax Policy, Taxes, Technology, Unemployment, Video, War, Wealth, Weapons, Welfare, Wisdom | Tags: , , , , , |

lew_rockwell

lew_rockwell

Mises

War and the Fed | Lew Rockwell

Lew Rockwell explains how the Federal Reserve Enables War, Empire, and Destroys the Middle Class

Economics and Moral Courage | Llewellyn H. Rockwell, Jr.

The Misesian Vision | Llewellyn H. Rockwell, Jr.

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Political Establishment Elite (PEE) vs. Tea Party Movement — PEE Republican Candidate Eric Cantor, House Majority Leader Loses To Tea Party Candidate David Brat in Republican Primary — The Remnant Rallies — Videos

Posted on June 13, 2014. Filed under: American History, Blogroll, Business, Communications, Constitution, Crisis, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government spending, Health Care, history, Illegal, Immigration, Law, Legal, liberty, Life, Links, Literacy, Math, media, Obamacare, People, Philosophy, Photos, Politics, Public Sector, Radio, Rants, Raves, Regulations, Talk Radio, Technology, Television, Terrorism, Unemployment, Unions, Video, War, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 277: June 11, 2014

Pronk Pops Show 276: June 10, 2014

Pronk Pops Show 275: June 9, 2014

Pronk Pops Show 274: June 6, 2014

Pronk Pops Show 273: June 5, 2014

Pronk Pops Show 272: June 4, 2014

Pronk Pops Show 271: June 2, 2014

Pronk Pops Show 270: May 30, 2014

Pronk Pops Show 269: May 29, 2014

Pronk Pops Show 268: May 28, 2014

Pronk Pops Show 267: May 27, 2014

Pronk Pops Show 266: May 23, 2014

Pronk Pops Show 265: May 22, 2014

Pronk Pops Show 264: May 21, 2014

Pronk Pops Show 263: May 20, 2014

Pronk Pops Show 262: May 16, 2014

Pronk Pops Show 261: May 15, 2014

Pronk Pops Show 260: May 14, 2014

Pronk Pops Show 259: May 13, 2014

Pronk Pops Show 258: May 9, 2014

Pronk Pops Show 257: May 8, 2014

Pronk Pops Show 256: May 5, 2014

Pronk Pops Show 255: May 2, 2014

Pronk Pops Show 254: May 1, 2014

Pronk Pops Show 253: April 30, 2014

Pronk Pops Show 252: April 29, 2014

Pronk Pops Show 251: April 28, 2014

Pronk Pops Show 250: April 25, 2014

Pronk Pops Show 249: April 24, 2014

Pronk Pops Show 248: April 22, 2014

Pronk Pops Show 247: April 21, 2014

Pronk Pops Show 246: April 17, 2014

Pronk Pops Show 245: April 16, 2014

Pronk Pops Show 244: April 15, 2014

Pronk Pops Show 243: April 14, 2014

Pronk Pops Show 242: April 11, 2014

Pronk Pops Show 241: April 10, 2014

Pronk Pops Show 240: April 9, 2014

Pronk Pops Show 239: April 8, 2014

Pronk Pops Show 238: April 7, 2014

Pronk Pops Show 237: April 4, 2014

Pronk Pops Show 236: April 3, 2014

Pronk Pops Show 235: March 31, 2014

Pronk Pops Show 234: March 28, 2014

Pronk Pops Show 233: March 27, 2014

Pronk Pops Show 232: March 26, 2014

Pronk Pops Show 231: March 25, 2014

Pronk Pops Show 230: March 24, 2014

Pronk Pops Show 229: March 21, 2014

Pronk Pops Show 228: March 20, 2014

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

Story 1: Political Establishment Elite (PEE) vs. Tea Party Movement — PEE Republican Candidate Eric Cantor, House Majority Leader Loses To Tea Party Candidate David Brat in Republican Primary — The Remnant Rallies — Videos

Political Establishment Elite (PEE) Candidate Eric Cantor and Republican House Majority Leader Loses Primary

Cantor-Obama


1024px-Eric_Cantor_and_Barack_Obama_shake_handsEric Cantor

Tea Party Movement Candidate David Brat Wins Republican Primary

the_winner

  • That the free enterprise system is the most productive supplier of human needs and economic justice,
  • That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,
  • That fiscal responsibility and budgetary restraints must be exercised at all levels of government,
  • That the Federal Government must preserve individual liberty by observing Constitutional limitations,
  • That peace is best preserved through a strong national defense,
  • That faith in God, as recognized by our Founding Fathers, is essential to the moral fiber of the Nation.

david_brat

• Mark Levin • Tea Party Victory • Cantor Loses • Hannity • 6/10/14

Sarah Palin on Dave Brat Victory: “The Status Quo, Has Got To Go!”

Brat topples Cantor with grassroots enthusiasm

Political Earthquake – Eric Cantor Upset In Virginia GOP Primary – David Brat Wins – Fox & Friends

David Brat Explains How He Beat Congressman Eric Dual-Citizenship Cantor

Mark Levin: Eric Cantor is only pretending to oppose amnesty

GOP leader Eric Cantor loses in shock Tea Party upset

NBC12 Decision Virginia- Cantor ad attacks Brat

Trust

Who Is David Brat? Meet the Economics Professor Who Defeated Eric Cantor

About Dave Brat

5 Things To Know About The Tea Party’s Golden Boy David Brat

Laura Ingraham & Dave Brat at Dominon Club

Beck Interviews Dave Brat Eric Cantor’s GOP Opponent

Eric Cantor: Amnesty for Children of Illegal Immigrants

WATCH: Eric Cantor Addresses Primary Defeat, Resigns as House Majority Leader

Virginia Primary: Eric Cantor Loses To Tea Party-Backed Dave Brat

Dave Brat reacts to his shocking win over Eric Cantor

Eric Cantor Loses Primary in Shocking Upset

BREAKING! HOUSE MAJORITY LEADER ERIC CANTOR LOSES PRIMARY ELECTION TO TEA PARTY CANDIDATE!

Full Show 6/11/14: The Dark Money Machine That Beat Eric Cantor

Mark Levin: Eric Cantor is “a little weasel!”

How $1,000,000 lost for $200,000 in Election: The Grassroot Campaign

Rep. Eric Cantor on Immigration Reform and the Tea Party

Mencken and Nock on Elitist Individualism

Isaiah’s Job | by Albert Jay Nock

 

 

HOUSE MAJORITY LEADER CANTOR DEFEATED IN PRIMARY

In an upset for the ages, Majority Leader Eric Cantor of Virginia, the second-most powerful man in the House, was dethroned Tuesday by a little-known, tea party-backed Republican primary challenger carried to victory on a wave of public anger over calls for looser immigration laws.

“This is a miracle from God that just happened,” exulted David Brat, an economics professor, as his victory became clear in the congressional district around Virginia’s capital city.

Speaking to downcast supporters, Cantor conceded, “Obviously we came up short” in a bid for renomination to an eighth term.

The victory was by far the biggest of the 2014 campaign season for tea party forces, although last week they forced veteran Mississippi Sen. Thad Cochran into a June 24 runoff, and hope state Sen. Chris McDaniel can prevail then.

Cantor’s defeat was the first primary setback for a senior leader in Congress in recent years. Former House Speaker Thomas Foley of Washington and Senate Democratic leader Tom Daschle of South Dakota both lost their seats at the polls in the past two decades, but they fell to Republicans, not to challengers from within their own parties.

The outcome may well mark the end of Cantor’s political career, and aides did not respond Tuesday night when asked if the majority leader, 51, would run a write-in campaign in the fall.

But its impact on the fate of immigration legislation in the current Congress seemed clearer still. Conservatives will now be emboldened in their opposition to legislation to create a path to citizenship for immigrants living in the country illegally, and party leaders who are more sympathetic to such legislation will likely be less willing to try.

The majority leader had been tugged by two warring forces in his party and in recent weeks sought to emphasize his opposition to far-reaching immigration legislation as Brat’s challenge gained force. Last month, a feisty crowd of Brat supporters booed Cantor in front of his family at a local party convention.

Still, neither he nor other House leaders betrayed any serious concern that his tenure was in danger, and his allies leaked a private poll in recent days that claimed he had a comfortable lead over Brat.

In the end, despite help from establishment groups, Cantor’s repudiation was complete in an area that first sent him to Congress in 2000.

With votes counted in 99 percent of the precincts, 64,418 votes were cast, roughly a 37 percent increase over two years ago.

Despite that, Cantor polled fewer votes than he did in 2012 – 28,631 this time, compared with 37,369 then.

House Speaker John Boehner, R-Ohio, issued a statement hailing Cantor as “a good friend and a great leader, and someone I’ve come to rely upon on a daily basis as we make the tough choices that come with governing.”

It was unclear if Cantor intended to remain in his leadership post for the duration of the year or who might replace him in the new Congress if Republicans hold their majority.

Democrats seized on the upset as evidence that their fight for House control this fall is far from over.

“Eric Cantor has long been the face of House Republicans’ extreme policies, debilitating dysfunction and manufactured crises. Tonight is a major victory for the tea party as they yet again pull the Republican Party further to the radical right,” said the Democratic leader, Nancy Pelosi of California. “As far as the midterm elections are concerned, it’s a whole new ballgame.”

Cantor was appointed to his first leadership position in 2002, when he was named chief deputy whip of the party and became the highest-ranking Jewish Republican in Washington. It was a recognition of his fundraising skills as well as his conservative voting record at a time Republican leaders were eager to tap into Jewish donors for their campaigns. Since Boehner became speaker in 2009, Cantor has been seen as both a likely eventual successor and at times a potential rival.

Jay S. Poole, a Cantor volunteer, said Brat tapped into widespread frustration among voters about the gridlock in Washington and issues such as immigration. “I can’t tell you how amazing this is to me,” Poole said.

Much of the campaign centered on immigration, where critics on both sides of the debate have recently taken aim at Cantor. Brat accused him of being a top cheerleader for “amnesty” for immigrants who are living in the U.S. illegally. Cantor responded forcefully by boasting in mailers of blocking Senate plans “to give illegal aliens amnesty.”

It was a change in tone for Cantor, who has repeatedly voiced support for giving citizenship to certain immigrants brought illegally to the country as children. Cantor and House GOP leaders have advocated a step-by-step approach, rather than the comprehensive bill backed by the Senate – but were persistently vague on the details.

Brat teaches at Randolph-Macon College, a small liberal arts school north of Richmond. He raised just over $200,000 for his campaign, while Cantor spent more than $1 million in April and May alone to try to beat back his challenge.

Washington-based groups also spent heavily in the race. The American Chemistry Council, whose members include many blue chip companies, spent more than $300,000 on TV ads promoting Cantor in the group’s only independent expenditure so far this election year. Political arms of the American College of Radiology, the National Rifle Association and the National Association of Realtors also spent money on ads to promote Cantor.

Brat offset the cash disadvantage with endorsements from conservative activists like radio host Laura Ingraham and with help from local tea party activists angry at Cantor.

In the fall, Brat will face Democrat Jack Trammel, also a professor at Randolph-Macon, in the solidly Republican district.

Associated Press writers David Pace and Erica Werner in Washington and Larry O’Dell, Steve Szkotak and Michael Felberbaum in Richmond contributed to this report. Espo reported from Washington.

http://hosted.ap.org/dynamic/stories/U/US_VIRGINIA_PRIMARY_CANTOR?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-06-10-20-05-45

Eric Cantor

Eric Ivan Cantor (born June 6, 1963) is the United States Representative for Virginia’s 7th congressional district, serving from 2001. A member of the Republican Party, he became House Majority Leader when the 112th Congressconvened on January 3, 2011. He previously served as House Minority Whip from 2009 to 2011.

His district includes most of the northern and western sections of Richmond, along with most of Richmond’s western suburbs and portions of the Shenandoah Valley. Cantor is the highest-ranking Jewish member of Congress in its history, and currently the only non-Christian Republican in either House.[1][2]

On June 10, 2014, in his bid for re-election, Cantor lost the Republican primary to economics professor Dave Brat. Following his primary defeat, Cantor announced his resignation as House Majority Leader. Cantor will remain a member of Congress until the start of the 114th United States Congress commencing on January 3, 2015.[3][4][5][6][7]

Early life, education and career

Cantor, the second of three children, was born in Richmond, Virginia, the son of Mary Lee (née Hudes), a schoolteacher, and Eddie Cantor, who owned a real estate firm. His family emigrated from Eastern Europe (Russia,Romania, and Latvia) in the late 1800s and early 1900s.[8][9] His father was the state treasurer for Ronald Reagan‘s 1980 presidential campaign.[10] Cantor was raised in Conservative Judaism.[8] He graduated from the Collegiate School, a co-ed private school in Richmond, in 1981. He enrolled at George Washington University (GW) in 1981, and as afreshman he worked as an intern for House Republican Tom Bliley of Virginia and was Bliley’s driver in the 1982 campaign.[11] Cantor was a member of Phi Sigma Kappa fraternity while at GW and received his Bachelor of Arts in 1985.[12] He earned a Juris Doctor degree from William & Mary Law School in 1988, and received a Master of Sciencein Real Estate Development from Columbia University in 1989.[13]

Cantor worked for over a decade with his father’s business doing legal work and real estate development.

Virginia House of Delegates

Cantor served in the Virginia House of Delegates from 1992–January 1, 2001.[13] At various times he was a member of committees on Science and Technology, Corporation Insurance and Banking, General Laws, Courts of Justice, (co-chairman) Claims.[14][15] Cantor announced on March 14, 2000 that he would seek the seat in the United States House of Representatives that was being vacated by Tom Bliley. Cantor had chaired Bliley’s reelection campaigns for the previous six years, and immediately gained the support of Bliley’s political organization, as well as Bliley’s endorsement later in the primary.[16]

U.S. House of Representatives

Committee assignments

During his first term, Cantor was chairman of the Congressional Task Force on Terrorism and Unconventional Warfare. He has also served on the House Financial Services Committee and on the House International Relations Committeeand the House Ways and Means Committee.

Party leadership

In 2002–only a few weeks after winning a second term–Roy Blunt appointed Cantor Chief Deputy Republican Whip, the highest appointed position in the Republican caucus.[17]

Cantor and other House and Senate leaders meeting with President Barack Obama in November 2010.

On November 19, 2008, Cantor was unanimously elected Republican Whip for the 111th Congress, after serving as Deputy Whip for six years under Blunt. Blunt had decided not to seek reelection to the post after Republican losses in the previous two elections. Cantor was the first member of either party from Virginia to hold the position of Party Whip. As Whip, Cantor was the second-ranking House Republican, behind Minority Leader John Boehner. He was charged with coordinating the votes and messages of Republican House members.[17][1] Cantor became the Majority Leader when the 112th Congress took office on January 3, 2011.[18] He is still the second-ranking Republican in the House behind Speaker Boehner, who is considered the leader of the House Republicans.

Cantor is a member of the Republican Jewish Coalition and the Republican National Committee. He is one of the Republican Party’s top fundraisers, having raised over $30 million for the National Republican Congressional Committee (NRCC).[19] He is also one of the three founding members of the GOP Young Guns Program. In the fall of 2010, Cantor wrote a New York Times bestselling book, Young Guns: A New Generation of Conservative Leaders, with the other two founding members of Young Guns.[20] They describe the vision outlined in the book as “a clear agenda based on common sense for the common good.” [21] Cantor said in 2010 that he worked with the Tea Party movement in his district.[22]

As House Majority Leader, Cantor was named in House Resolution 368, which was passed by the House Rules Committee on the night of September 30, 2013, the night before the October 2013 government shutdown began, as the only member of the House with the power to bring forth bills and resolutions for a vote if both chambers of Congress disagree on that bill or resolution. Prior to the resolution’s passing in committee, it was within the power of every member of the House under House Rule XXII, Clause 4 to be granted privilege to call for a vote. This amendment to the House rules was blamed for causing the partial government shutdown and for prolonging it since Cantor refused to allow the Senate’s continuing resolution to be voted on in the House. Journalists and commentators noted during the shutdown that if the Senate’s version of the continuing resolution were to be voted on, it would have passed the House with a majority vote since enough Democrats and Republicans supported it, effectively ending the government shutdown.[23][24][25]

Legislation

Cantor was a strong supporter of the Gabriella Miller Kids First Research Act (H.R. 2019; 113th Congress), which he was the one to name in Gabriella Miller’s honor.[26] The bill, which passed in both the House and the Senate, would end taxpayer contributions to the Presidential Election Campaign Fund and divert the money in that fund to pay for research into pediatric cancer through the National Institutes of Health.[26][27] The total funding for research would come to $126 million over 10 years.[27][26] As of 2014, the national conventions got about 23% of their funding from the Presidential Election Campaign Fund.[28] Cantor said that the bill “clearly reflects Congressional priorities in funding: medical research before political parties and conventions.”[26]

Political positions

As of December 2010, Cantor is the only Jewish Republican in the United States Congress.[13][1][29] He supports strong United States-Israel relations.[12][13] Hecosponsored legislation to cut off all U.S. taxpayer aid to the Palestinian Authority and another bill calling for an end to taxpayer aid to the Palestinians until they stop unauthorized excavations on the Temple Mount in Jerusalem.[30] Responding to a claim by the State Department that the United States provides no direct aid to the Palestinian Authority, Cantor claimed that United States sends about US$75 million in aid annually to the Palestinian Authority, which is administered by the U.S. Agency for International Development. He opposed a Congressionally approved three-year package of US$400 million in aid for the Palestinian Authority in 2000 and has also introduced legislation to end aid to Palestinians.[31]

In May 2008, Cantor said that the Israeli-Palestinian conflict is not a “constant sore” but rather “a constant reminder of the greatness of America”,[32] and followingBarack Obama‘s election as President in November 2008, Cantor stated that a “stronger U.S.-Israel relationship” remains a top priority for him and that he would be “very outspoken” if Obama “did anything to undermine those ties.”[1][33] Shortly after the 2010 midterm elections, Cantor met privately with Israeli Prime MinisterBenjamin Netanyahu, just before Netanyahu was to meet with US Secretary of State Hillary Clinton. According to Cantor’s office, he “stressed that the new Republican majority will serve as a check on the Administration” and “made clear that the Republican majority understands the special relationship between Israel and the United States.”[34] Cantor was criticized for engaging in foreign policy;[35] one basis for the criticism was that in 2007, after Nancy Pelosi met with the President of Syria, Cantor himself had raised the possibility “that her recent diplomatic overtures ran afoul of the Logan Act, which makes it a felony for any American ‘without authority of the United States’ to communicate with a foreign government to influence that government’s behavior on any disputes with the United States.”[36]

Social issues

Cantor opposes public funding of embryonic stem cell research and opposes elective abortion. He is rated 100% by the National Right to Life Committee (NRLC) and 0% by NARAL Pro-Choice America, indicating a pro-life voting record. He is also opposed to same-sex marriage, voting to Constitutionally define marriage as between a male and a female in 2006. In November 2007 he voted against prohibiting job discrimination based on sexual orientation. He also supports making flag burning illegal. The National Association for the Advancement of Colored People (NAACP) rated him 19% in 2006, indicating an anti-affirmative action voting record. He is opposed to gun control, voting to ban product misuse lawsuits on gun manufacturers in 2005, and he voted not to require gun registration and trigger-lock laws in the District of Columbia. He has a rating of “A” from the National Rifle Association (NRA).[37] On Nov. 2, 2010, Cantor told Wolf Blitzer of CNN that he would try to trim the federal deficit by reducing welfare.

Economy, budgeting, and trade

Cantor is a supporter of free trade, voting to promote trade with Peru, Chile, Singapore, and Australia. He also voted for the Central America Free Trade Agreement(CAFTA). He voted against raising the minimum wage to US$ 7.25 in 2007. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the largest federation of trade unions in the United States, rates Cantor 0%, indicating an anti-Union voting record.

In October 2008, Cantor advocated and voted for the TARP program which aided distressed banks.[38]

On September 29, 2008 Cantor blamed Pelosi for what he felt was the failure of the $700 billion economic bailout bill. He noted that 94 Democrats voted against the measure, as well as 133 Republicans.[39] Though supporting the Federal bailout of the nation’s largest private banks, he referred to Pelosi’s proposal to appoint aCar czar to run the U.S. Automobile Industry Bailout as a “bureaucratic” imposition on private business.[40]

The following February, Cantor led Republicans in the House of Representatives in voting against the American Recovery and Reinvestment Act of 2009[41] and was a prominent spokesman in voicing the many issues he and his fellow Republicans had with the legislation. Cantor voted in favor of a 90% marginal tax rate increase on taxpayer financed bonuses,[42] despite receiving campaign contributions from TARP recipient Citigroup.[43]

In his book Young Guns, Cantor summarized Keynesian economics with the following opinion, “The idea is that the government can be counted on to spend more wisely than the people.”[44]

As Majority Leader, Cantor steered the STOCK Act through the House, which requires Congressmen to disclose their stock investments more regularly and in a more transparent manner.[45] The legislation passed the House in a 417-2 bipartisan vote on February 9, 2012. It was ultimately signed by President Obama on April 4, 2012.[46] In July 2012, CNN reported that changes made by the House version of the legislation excluded reporting requirements by spouses and dependent children. Initially, Cantor’s office insisted it did nothing to change the intent of the STOCK Act; however, when presented with new information from CNN, the Majority Leader’s office recognized that changes had unintentionally been made and offered technical corrections to fulfill the original intent of the legislation.[47] These corrections were passed by Congress on August 3, 2012.[48]

As Majority Leader, Cantor shepherded the JOBS Act through the House, which combined bipartisan ideas for economic growth – like crowdfunding for startups – into one piece of legislation. Ultimately, President Obama, Eric Cantor, Steve Case and other leaders joined together at the signing ceremony.[49]

Cantor has proposed initiatives which purport to help small businesses grow, including a 20 percent tax cut for businesses that employ fewer than 500 people.[50]

Other foreign affairs

In an article he wrote for the National Review in 2007, he condemned Nancy Pelosi‘s diplomatic visit to Syria, and her subsequent meeting with President Bashar al-Assad, whom he referred to as a “dictator and terror-sponsor”; saying that if “Speaker Pelosi’s diplomatic foray into Syria weren’t so harmful to U.S. interests in the Middle East, it would have been laughable.”[51]

Political campaigns

Cantor currently represents Virginia’s 7th congressional district, which stretches from the western end of Richmond, through its suburbs, and northward to Page,Rappahannock Culpeper and parts of Spotsylvania, county. It also includes the towns of Mechanicsville and Laurel. The district is strongly Republican; it has been in Republican hands since 1981 (it was numbered as the 3rd District prior to 1993).[52]

1991

Cantor was first elected to the Virginia House of Delegates 73rd district unopposed.[citation needed]

1993

Cantor was opposed by Independent Reed Halstead in his re-election campaign for the Virginia House of Delegates. Cantor won 79.26% of the vote while Halstead won 20.66%.[citation needed]

1995

Cantor was unopposed for re-election to the Virginia House of Delegates.[citation needed]

1997

Cantor was unopposed for re-election to the Virginia House of Delegates.[citation needed]

1999

Cantor was unopposed for re-election to the Virginia House of Delegates.[citation needed]

2000

Cantor was first elected to the U.S. House of Representatives in 2000, succeeding retiring 20-year incumbent Republican Tom Bliley. He defeated the Democratic nominee, Warren A. Stewart, by nearly 100,000 votes.[53] Cantor had won the closely contested Republican primary over state Senator Stephen Martin by only 263 votes. During his first term, he was one of only two Jewish Republicans serving concurrently in the House of Representatives, the other being Benjamin A. Gilman of New York. Gilman retired in 2002 and Cantor has been the only Jewish Republican since.

2002

In 2002, Cantor was opposed by Democrat Ben L. Jones, former Congressman from Georgia, who had played “Cooter Davenport” in the TV Series The Dukes of Hazzard.[citation needed]

2004

In 2004, Cantor was opposed by Independent W. B. Blanton. Cantor won with 75.5% of the vote. Blanton won 24.32% and there were 568 write-in votes.[citation needed]

2006

In 2006, Cantor was opposed by Democrat James M. Nachman and Independent W. B. Blanton. Cantor won 63.85%, Nachman won 34.4%, and Blanton won 1.64%. There were 272 write-in votes.[citation needed]

2008

Cantor won against Democratic nominee Anita Hartke.

In August 2008 news reports surfaced that Cantor was being considered as John McCain‘s Vice Presidential running mate, with McCain’s representatives seeking documents from Cantor as part of its vetting process. Those rumors were later scoffed at by John McCain as just a rumor from the Cantor camp.[54][55][56] The idea for Cantor to be McCain’s running mate was supported by conservative leaders like Richard Land and Erick Erickson.[57][58]

2010

Cantor won against Democratic challenger Rick Waugh, and Independent Green Party[59] candidate Floyd C. Bayne.

2012

Cantor faced a primary challenger, Floyd C. Bayne, in the June 12, 2012 Republican Primary. Cantor won that primary and then defeated Democratic challenger Wayne Powell. Although he won with 58% of the vote, Cantor received his lowest vote percentage since taking the hill in 2000.

2014

In the June 10, 2014 Republican primary, Cantor lost to Tea Party challenger Dave Brat in an upset, becoming the first sitting House majority leader to lose a primary since the position was created in 1899.[5][4][6]

Threats and campaign office incident

After the passage of the health care reform bill in March 2010, Cantor reported that somebody had shot a bullet through a window of his campaign office inRichmond, Virginia. A spokesman for the Richmond Police later stated that the bullet was not intentionally fired at Cantor’s office, saying that it was instead random gunfire, as there were no signs outside the office identifying the office as being Cantor’s.[60] Cantor responded to this by saying that Democratic leaders in the House should stop “dangerously fanning the flames” by blaming Republicans for threats against House Democrats who voted for the health care legislation.[61]

Cantor also reported that he had received threatening e-mails related to the passage of the bill.[62] In March 2010, Norman Leboon was arrested for threats made against Eric Cantor and his family.[63]

In 2011, Cantor was receiving two threatening phone calls, where Glendon Swift, an antisemite, was “screaming, profanity-laden messages (that) allegedly stated that he was going to destroy Cantor, rape his daughter and kill his wife”. Swift was sentenced in April 2012 to 13 months federal prison.[64]

Electoral history

Virginia’s 7th congressional district: Results 2000–2014[65][66][67]
Year Democratic Votes Pct Republican Votes Pct Other Party Votes Pct
2000 Warren A. Stewart 94,935 33% Eric Cantor 192,652 67% *
2002 Ben L. “Cooter” Jones 49,854 30% Eric Cantor 113,658 69% *
2004 (no candidate) Eric Cantor 230,765 75% W. Brad Blanton Independent 74,325 24% *
2006 James M. Nachman 88,206 34% Eric Cantor 163,706 64% W. Brad Blanton Independent 4,213 2% *
2008 Anita Hartke 138,123 37% Eric Cantor 233,531 63%
2010 Rick Waugh 79,607 34% Eric Cantor 138,196 59% Floyd Bayne Independent Green 15,164 6% *
2012 E. Wayne Powell 158,012 41% Eric Cantor 222,983 58%
*Write-in candidate notes: In 2000, write-ins received 304 votes. In 2002, write-ins received 153 votes. In 2004, write-ins received 568 votes. In 2006, write-ins received 272 votes. In 2008, write-ins received 683 votes. In 2010, write-ins received 413 votes. In 2012, write-ins received 914 votes.

Personal life

Cantor met his wife, Diana Marcy Fine, on a blind date; they were married in 1989.[14][29][68] They have three children: Evan, Jenna, and Michael. Diana Cantor is a lifelong, liberal Democrat. Contrary to her husband’s stated positions, she is pro-choice and supports same-sex marriage.[69]

Diana Cantor is a lawyer and certified public accountant. She founded, and from 1996 until 2008 was executive director of, the Virginia College Savings Plan (an agency of the Commonwealth of Virginia). She was also chairman of the board of the College Savings Plans Network.[68][70][71] Mrs. Cantor is a managing director in a division of Emigrant Bank, a subsidiary of New York Private Bank & Trust Corp. [72]

References

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  72. Jump up^ Roston, Aram (January 23, 2009). “Bank Employing GOP House Leader’s Wife Got Bailout Bucks”. House Committee on Financial Services. Retrieved 2009-03-25.

http://en.wikipedia.org/wiki/Eric_Cantor

 

Dave Brat

From Wikipedia, the free encyclopedia
(Redirected from David Brat)
David Bratwurst
Republican candidate for
Virginia’s 7th congressional district
Election date
November 4, 2014
Opponent(s) Jack Trammell (D)
Personal details
Born David Alan Brat
July 27, 1964 (age 49)
Political party Republican
Spouse(s) Laura Brat
Children Jonathan
Sophia
Residence Henrico, Virginia
Alma mater Hope College (B.A.)
Princeton Theological Seminary(M.Div.)
American University (Ph.D)[1]
Profession Professor (economics)
Religion Roman Catholicism[2][3]

David AlanDaveBrat (born July 27, 1964)[citation needed] is an American economist, a professor at Randolph–Macon College, and the Republican candidate in the general election for Virginia’s 7th congressional district in the United States House of Representatives, which will be held on November 4, 2014. Brat defeated House Majority Leader Eric Cantor in the district’s 2014 Republican primary on June 10, 2014.[4] Brat’s primary victory over Cantor, one of the biggest upsets in modern congressional history, made him the first primary challenger to oust a sitting House Majority Leader since the position’s creation in 1899.[5]

 

Background

Originally from Alma, Michigan,[6] Brat moved to Virginia in 1996 with his wife, Laura.[7] Brat attended Hope College in Michigan and received a B.A. in Business Administration in 1986; he also graduated with a Master’s degree in Divinity from Princeton Theological Seminary in 1990 and earned a Ph.D in economics from American University in 1995.[1]

After working for Arthur Andersen and as a consultant for the World Bank, he became a professor at Randolph–Macon College (RMC) in 1996.[1]

His published papers include “God and Advanced Mammon: Can Theological Types Handle Usury and Capitalism?” and “An Analysis of the Moral Foundations in Ayn Rand.”[8]

David Brat is a Roman Catholic and is a parishioner of St. Mary Catholic Church in Richmond with his wife and their two children.[9]

Politics

A Dave Brat campaign sign

2005–2011 special legislative assistant

Brat worked as a special legislative assistant to Virginia state senator Walter Stosch from 2005 to 2011 concerning higher education.[1]

2011 campaign for 56th House of Delegates seat

Brat announced he was running for the Virginia House of Delegates seat for 56th district; however, there was no primary, and instead six Republican leaders met and chose Peter Farrell instead of Brat.[10]

2014 Elections[edit]

2014 race for 7th congressional district Republican primary

Brat ran against House Majority Leader Eric Cantor for the Republican nomination for Virginia’s 7th congressional district and defeated Cantor by a 12-point margin.[11] Brat was outspent by Cantor 40 to 1.[12] Cantor spent over $5 million and Brat raised $200,000, but did not spend all of it.[13] Brat’s win was a historic and stunning victory,[14][15][16] as it was the first time a sitting House Majority Leader had lost a primary race since the creation of the position in the 19th century.[17]

Brat ran well to Cantor’s right. His campaign laid particular stress on immigration reform, stating Rep. Cantor favored “amnesty” for illegal immigrants.[18] Radio talk show host Laura Ingraham endorsed Brat’s candidacy and hosted a rally with him in a Richmond suburb.[19] Radio talk show host Mark Levin also supported and endorsed Brat.[20] Ann Coulter expressed support for his candidacy.[21]

Brat will face Democratic nominee Jack Trammell, also a professor at Randolph–Macon College, in the November general elections.[22] However, Brat is heavily favored due to the 7th’s significant Republican lean; it has a Cook Partisan Voting Index of R+10.

Political positions]

Although Brat has stated he does not identify as a Randian, he has acknowledged having been influenced by Ayn Rand’s novel Atlas Shrugged and has expressed appreciation of Ayn Rand’s case for human freedom and free markets.[23] He openly identifies with the Tea Party movement.[14]

On the campaign trail, he “frequently trumpeted the six elements” of the “Republican Party of Virginia Creed” which were posted at his campaign website:[21]

  • That the free enterprise system is the most productive supplier of human needs and economic justice,
  • That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,
  • That fiscal responsibility and budgetary restraints must be exercised at all levels of government,
  • That the Federal Government must preserve individual liberty by observing Constitutional limitations,
  • That peace is best preserved through a strong national defense,
  • That faith in God, as recognized by our Founding Fathers, is essential to the moral fiber of the Nation.[24]

Boards and leadership positions

Brat is the BB&T Ethics Program Director, serving 2010–2020. The program arose from a $500,000 grant, given by the charitable arm of the Fortune 500 financial services and banking firm BB&T, awarded to Randolph-Macon College for the study of the moral foundations of capitalism and the establishment of a related ethics program. Other board and leadership positions include:

References

  1. ^ Jump up to:a b c d David Brat. “Academic CV”. Randolph-Macon College.
  2. Jump up^ About Dave
  3. Jump up^ Isenstadt, Alex (June 10, 2014). “Who is Dave Brat?”. Politico. Retrieved June 10, 2014.
  4. Jump up^ “House Majority Leader Eric Cantor loses GOP primary to tea-party challenger”. Dallas Morning News. June 10, 2014. Retrieved June 11, 2014.
  5. Jump up^ “House Majority Leader Eric Cantor Defeated By Tea Party Challenger David Brat In Virginia GOP Primary”. Ibtimes.com. July 25, 2011. Retrieved June 11, 2014.
  6. Jump up^ http://michigan.icito.com/tag/david-brat/
  7. Jump up^ “David Alan Brat at Tobacco Issues.com”. Tobaccoissues.com. July 19, 2010. Retrieved June 11, 2014.
  8. Jump up^ Epstein, Reid J. (June 10, 2014). “Who Is David Brat? Meet the Economics Professor Who Defeated Eric Cantor”. The Wall Street Journal. Retrieved June 10, 2014.
  9. Jump up^ “David Brat campaign website”. Davebratforcongress.com. Retrieved June 11, 2014.
  10. Jump up^ Dr. David Brat seeks 56th House of Delegate Seat
  11. Jump up^ Chad Pergram, Associated Press. (June 10, 2014). “Cantor upset in Virginia GOP primary by Tea Party backed challenger”. Fox News. Retrieved June 1, 2014.
  12. Jump up^ Memoli, Michael A. Eric Cantor upset: How Dave Brat pulled off a historic political coup, Los Angeles Times, June 11, 2014.
  13. Jump up^ Mascaro, Lisa, Michael A. Memoli, and Mark Z. Barabak. Washington reels as House’s Eric Cantor loses to tea party challenger, Los Angeles Times, June 11, 2014.
  14. ^ Jump up to:a b Jonathan Martin (June 10, 2014). “Eric Cantor Defeated by David Brat, Tea Party Challenger, in G.O.P. Primary Upset”. New York Times. Retrieved June 11, 2014.
  15. Jump up^ Janet Hook and Kristina Peterson (June 10, 2014). “Eric Cantor Loses to Tea Party’s David Brat in Virginia Primary”. Wall Street Journal. Retrieved June 11, 2014.
  16. Jump up^ Robert Costa, Laura Vozzella and David A. Fahrenthold (June 10, 2014). “Eric Cantor succumbs to tea party challenger Tuesday”. Washington Post. Retrieved June 11, 2014.
  17. Jump up^ Chris Moody (June 11, 2014). “Washington is caught totally off guard by Cantor loss”. Yahoo News. Retrieved June 11, 2014.
  18. Jump up^ Lee, Tony (May 28, 2014). “Dave Brat: Illegal Immigrants Pouring into USA After Cantor Announced ‘Kids Are Welcome’”. Breitbart.com. Retrieved June 11, 2014.
  19. Jump up^ “House Majority Leader Eric Cantor loses GOP primary to tea-party challenger”. The Dallas Morning News. June 10, 2014. Retrieved June 11, 2014.
  20. Jump up^ Cassidy, John (June 11, 2014). “CANTOR LOSES, AND WASHINGTON GOES APE”. The New Yorker. Retrieved June 11, 2014.
  21. ^ Jump up to:a b Bump, Philip (June 10, 2014). “David Brat just beat Eric Cantor. Who is he?”. The Washington Post. Retrieved June 11, 2014.
  22. Jump up^ “Dave Brat and his Democratic general election opponent are both professors from the same college”. Vox.com. Retrieved June 11, 2014.
  23. Jump up^ Woodruff, Betsy (January 6, 2014). “Eric Cantor’s Challenger from the Right”.National Review (National Review Online). Retrieved June 11, 2014.
  24. Jump up^ “”What We Believe””. Dave Brat for Congress. Retrieved June 11, 2014.
  25. Jump up^ “David Brat Faculty CV”. Randolph-Macon College. Randolph-Macon College. Retrieved June 11, 2014.

http://en.wikipedia.org/wiki/David_Brat

Isaiah’s Job

by Albert Jay Nock

 

One evening last autumn, I sat long hours with a European acquaintance while he expounded a political-economic doctrine which seemed sound as a nut and in which I could find no defect. At the end, he said with great earnestness: “I have a mission to the masses. I feel that I am called to get the ear of the people. I shall devote the rest of my life to spreading my doctrine far and wide among the population. What do you think?”

An embarrassing question in any case, and doubly so under the circumstances, because my acquaintance is a very learned man, one of the three or four really first-class minds that Europe produced in his generation; and naturally I, as one of the unlearned, was inclined to regard his lightest word with reverence amounting to awe. Still, I reflected, even the greatest mind can not possibly know everything, and I was pretty sure he had not had my opportunities for observing the masses of mankind, and that therefore I probably knew them better than he did. So I mustered courage to say that he had no such mission and would do well to get the idea out of his head at once; he would find that the masses would not care two pins for his doctrine, and still less for himself, since in such circumstances the popular favourite is generally some Barabbas. I even went so far as to say (he is a Jew) that his idea seemed to show that he was not very well up on his own native literature. He smiled at my jest, and asked what I meant by it; and I referred him to the story of the prophet Isaiah.

It occurred to me then that this story is much worth recalling just now when so many wise men and soothsayers appear to be burdened with a message to the masses. Dr. Townsend has a message, Father Coughlin has one, Mr. Upton Sinclair, Mr. Lippmann, Mr. Chase and the planned economy brethren, Mr. Tugwell and the New Dealers, Mr. Smith and Liberty Leaguers – the list is endless. I can not remember a time when so many energumens were so variously proclaiming the Word to the multitude and telling them what they must do to be saved. This being so, it occurred to me, as I say, that the story of Isaiah might have something in it to steady and compose the human spirit until this tyranny of windiness is overpast. I shall paraphrase the story in our common speech, since it has to be pieced out from various sources; and inasmuch as respectable scholars have thought fit to put out a whole new version of the Bible in the American vernacular, I shall take shelter behind them, if need be, against the charge of dealing irreverently with the Sacred Scriptures.

The prophet’s career began at the end of King Uzziah’s reign, say about 740 B.C. This reign was uncommonly long, almost half a century, and apparently prosperous. It was one of those prosperous reigns, however – like the reign of Marcus Aurelius at Rome, or the administration of Eubulus at Athens, or of Mr. Coolidge at Washington – where at the end the prosperity suddenly peters out and things go by the board with a resounding crash.

In the year of Uzziah’s death, the Lord commissioned the prophet to go out and warn the people of the wrath to come. “Tell them what a worthless lot they are.” He said, “Tell them what is wrong, and why and what is going to happen unless they have a change of heart and straighten up. Don’t mince matters. Make it clear that they are positively down to their last chance. Give it to them good and strong and keep on giving it to them. I suppose perhaps I ought to tell you,” He added, “that it won’t do any good. The official class and their intelligentsia will turn up their noses at you and the masses will not even listen. They will all keep on in their own ways until they carry everything down to destruction, and you will probably be lucky if you get out with your life.”


II
Isaiah had been very willing to take on the job – in fact, he had asked for it – but the prospect put a new face on the situation. It raised the obvious question: Why, if all that were so – if the enterprise were to be a failure from the start – was there any sense in starting it? “Ah,” the Lord said, “you do not get the point. There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it.”

Apparently, then, if the Lord’s word is good for anything – I do not offer any opinion about that, – the only element in Judean society that was particularly worth bothering about was the Remnant. Isaiah seems finally to have got it through his head that this was the case; that nothing was to be expected from the masses, but that if anything substantial were ever to be done in Judea, the Remnant would have to do it. This is a very striking and suggestive idea; but before going on to explore it, we need to be quite clear about our terms. What do we mean by the masses, and what by the Remnant?

As the word masses is commonly used, it suggests agglomerations of poor and underprivileged people, labouring people, proletarians, and it means nothing like that; it means simply the majority. The mass-man is one who has neither the force of intellect to apprehend the principles issuing in what we know as the humane life, nor the force of character to adhere to those principles steadily and strictly as laws of conduct; and because such people make up the great and overwhelming majority of mankind, they are called collectively the masses. The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either.

The picture which Isaiah presents of the Judean masses is most unfavorable. In his view, the mass-man – be he high or be he lowly, rich or poor, prince or pauper – gets off very badly. He appears as not only weak-minded and weak-willed, but as by consequence knavish, arrogant, grasping, dissipated, unprincipled, unscrupulous. The mass-woman also gets off badly, as sharing all the mass-man’s untoward qualities, and contributing a few of her own in the way of vanity and laziness, extravagance and foible. The list of luxury-products that she patronized is interesting; it calls to mind the women’s page of a Sunday newspaper in 1928, or the display set forth in one of our professedly “smart” periodicals. In another place, Isaiah even recalls the affectations that we used to know by the name “flapper gait” and the “debutante slouch.” It may be fair to discount Isaiah’s vivacity a little for prophetic fervour; after all, since his real job was not to convert the masses but to brace and reassure the Remnant, he probably felt that he might lay it on indiscriminately and as thick as he liked – in fact, that he was expected to do so. But even so, the Judean mass-man must have been a most objectionable individual, and the mass-woman utterly odious.


But Isaiah was a preacher and Plato a philosopher; and we tend to regard preachers and philosophers rather as passive observers of the drama of life than as active participants. Hence in a matter of this kind their judgment might be suspected of being a little uncompromising, a little acrid, or as the French say, saugrenu. We may therefore bring forward another witness who was preeminently a man of affairs, and whose judgment can not lie under this suspicion. Marcus Aurelius was ruler of the greatest of empires, and in that capacity he not only had the Roman mass-man under observation, but he had him on his hands twenty-four hours a day for eighteen years. What he did not know about him was not worth knowing and what he thought of him is abundantly attested on almost every page of the little book of jottings which he scribbled offhand from day to day, and which he meant for no eye but his own ever to see.If the modern spirit, whatever that may be, is disinclined towards taking the Lord’s word at its face value (as I hear is the case), we may observe that Isaiah’s testimony to the character of the masses has strong collateral support from respectable Gentile authority. Plato lived into the administration of Eubulus, when Athens was at the peak of its jazz-and-paper era, and he speaks of the Athenian masses with all Isaiah’s fervency, even comparing them to a herd of ravenous wild beasts. Curiously, too, he applies Isaiah’s own word remnant to the worthier portion of Athenian society; “there is but a very small remnant,” he says, of those who possess a saving force of intellect and force of character – too small, preciously as to Judea, to be of any avail against the ignorant and vicious preponderance of the masses.

This view of the masses is the one that we find prevailing at large among the ancient authorities whose writings have come down to us. In the eighteenth century, however, certain European philosophers spread the notion that the mass-man, in his natural state, is not at all the kind of person that earlier authorities made him out to be, but on the contrary, that he is a worthy object of interest. His untowardness is the effect of environment, an effect for which “society” is somehow responsible. If only his environment permitted him to live according to his lights, he would undoubtedly show himself to be quite a fellow; and the best way to secure a more favourable environment for him would be to let him arrange it for himself. The French Revolution acted powerfully as a springboard for this idea, projecting its influence in all directions throughout Europe.


His success is unimpressive. On the evidence so far presented one must say, I think, that the mass-man’s conception of what life has to offer, and his choice of what to ask from life, seem now to be pretty well what they were in the times of Isaiah and Plato; and so too seem the catastrophic social conflicts and convulsions in which his views of life and his demands on life involve him. I do not wish to dwell on this, however, but merely to observe that the monstrously inflated importance of the masses has apparently put all thought of a possible mission to the Remnant out of the modern prophet’s head. This is obviously quite as it should be, provided that the earlier preachers and philosophers were actually wrong, and that all final hope of the human race is actually centred in the masses. If, on the other hand, it should turn out that the Lord and Isaiah and Plato and Marcus Aurelius were right in their estimate of the relative social value of the masses and the Remnant, the case is somewhat different. Moreover, since with everything in their favour the masses have so far given such an extremely discouraging account of themselves, it would seem that the question at issue between these two bodies of opinion might most profitably be reopened.On this side of the ocean a whole new continent stood ready for a large-scale experiment with this theory. It afforded every conceivable resource whereby the masses might develop a civilization made in their own likeness and after their own image. There was no force of tradition to disturb them in their preponderance, or to check them in a thoroughgoing disparagement of the Remnant. Immense natural wealth, unquestioned predominance, virtual isolation, freedom from external interference and the fear of it, and, finally, a century and a half of time – such are the advantages which the mass-man has had in bringing forth a civilization which should set the earlier preachers and philosophers at naught in their belief that nothing substantial can be expected from the masses, but only from the Remnant.

III

But without following up this suggestion, I wish only, as I said, to remark the fact that as things now stand Isaiah’s job seems rather to go begging. Everyone with a message nowadays is, like my venerable European friend, eager to take it to the masses. His first, last and only thought is of mass-acceptance and mass-approval. His great care is to put his doctrine in such shape as will capture the masses’ attention and interest. This attitude towards the masses is so exclusive, so devout, that one is reminded of the troglodytic monster described by Plato, and the assiduous crowd at the entrance to its cave, trying obsequiously to placate it and win its favour, trying to interpret its inarticulate noises, trying to find out what it wants, and eagerly offering it all sorts of things that they think might strike its fancy.


Isaiah, on the other hand, worked under no such disabilities. He preached to the masses only in the sense that he preached publicly. Anyone who liked might listen; anyone who liked might pass by. He knew that the Remnant would listen; and knowing also that nothing was to be expected of the masses under any circumstances, he made no specific appeal to them, did not accommodate his message to their measure in any way, and did not care two straws whether they heeded it or not. As a modern publisher might put it, he was not worrying about circulation or about advertising. Hence, with all such obsessions quite out of the way, he was in a position to do his level best, without fear or favour, and answerable only to his august Boss.The main trouble with all this is its reaction upon the mission itself. It necessitates an opportunist sophistication of one’s doctrine, which profoundly alters its character and reduces it to a mere placebo. If, say, you are a preacher, you wish to attract as large a congregation as you can, which means an appeal to the masses; and this, in turn, means adapting the terms of your message to the order of intellect and character that the masses exhibit. If you are an educator, say with a college on your hands, you wish to get as many students as possible, and you whittle down your requirements accordingly. If a writer, you aim at getting many readers; if a publisher, many purchasers; if a philosopher, many disciples; if a reformer, many converts; if a musician, many auditors; and so on. But as we see on all sides, in the realization of these several desires, the prophetic message is so heavily adulterated with trivialities, in every instance, that its effect on the masses is merely to harden them in their sins. Meanwhile, the Remnant, aware of this adulteration and of the desires that prompt it, turn their backs on the prophet and will have nothing to do with him or his message.

If a prophet were not too particular about making money out of his mission or getting a dubious sort of notoriety out of it, the foregoing considerations would lead one to say that serving the Remnant looks like a good job. An assignment that you can really put your back into, and do your best without thinking about results, is a real job; whereas serving the masses is at best only half a job, considering the inexorable conditions that the masses impose upon their servants. They ask you to give them what they want, they insist upon it, and will take nothing else; and following their whims, their irrational changes of fancy, their hot and cold fits, is a tedious business, to say nothing of the fact that what they want at any time makes very little call on one’s resources of prophesy. The Remnant, on the other hand, want only the best you have, whatever that may be. Give them that, and they are satisfied; you have nothing more to worry about. The prophet of the American masses must aim consciously at the lowest common denominator of intellect, taste and character among 120,000,000 people; and this is a distressing task. The prophet of the Remnant, on the contrary, is in the enviable position of Papa Haydn in the household of Prince Esterhazy. All Haydn had to do was keep forking out the very best music he knew how to produce, knowing it would be understood and appreciated by those for whom he produced it, and caring not a button what anyone else thought of it; and that makes a good job.


Digito monstrari et dicier, Hic est!
In a sense, nevertheless, as I have said, it is not a rewarding job. If you can tough the fancy of the masses, and have the sagacity to keep always one jump ahead of their vagaries and vacillations, you can get good returns in money from serving the masses, and good returns also in a mouth-to-ear type of notoriety:

We all know innumerable politicians, journalists, dramatists, novelists and the like, who have done extremely well by themselves in these ways. Taking care of the Remnant, on the contrary, holds little promise of any such rewards. A prophet of the Remnant will not grow purse-proud on the financial returns from his work, nor is it likely that he will get any great renown out of it. Isaiah’s case was exceptional to this second rule, and there are others, but not many.

It may be thought, then, that while taking care of the Remnant is no doubt a good job, it is not an especially interesting job because it is as a rule so poorly paid. I have my doubts about this. There are other compensations to be got out of a job besides money and notoriety, and some of them seem substantial enough to be attractive. Many jobs which do not pay well are yet profoundly interesting, as, for instance, the job of research student in the sciences is said to be; and the job of looking after the Remnant seems to me, as I have surveyed it for many years from my seat in the grandstand, to be as interesting as any that can be found in the world.

IV

What chiefly makes it so, I think, is that in any given society the Remnant are always so largely an unknown quantity. You do not know, and will never know, more than two things about them. You can be sure of those – dead sure, as our phrase is – but you will never be able to make even a respectable guess at anything else. You do not know, and will never know, who the Remnant are, nor what they are doing or will do. Two things you do know, and no more: First, that they exist; second, that they will find you. Except for these two certainties, working for the Remnant means working in impenetrable darkness; and this, I should say, is just the condition calculated most effectively to pique the interest of any prophet who is properly gifted with the imagination, insight and intellectual curiosity necessary to a successful pursuit of his trade.

The fascination and the despair of the historian, as he looks back upon Isaiah’s Jewry, upon Plato’s Athens, or upon Rome of the Antonines, is the hope of discovering and laying bare the “substratum of right-thinking and well-doing” which he knows must have existed somewhere in those societies because no kind of collective life can possibly go on without it. He finds tantalizing intimations of it here and there in many places, as in the Greek Anthology, in the scrapbook of Aulus Gellius, in the poems of Ausonius, and in the brief and touching tribute, Bene merenti, bestowed upon the unknown occupants of Roman tombs. But these are vague and fragmentary; they lead him nowhere in his search for some kind of measure on this substratum, but merely testify to what he already knew a priori – that the substratum did somewhere exist. Where it was, how substantial it was, what its power of self-assertion and resistance was – of all this they tell him nothing.

Similarly, when the historian of two thousand years hence, or two hundred years, looks over the available testimony to the quality of our civilization and tries to get any kind of clear, competent evidence concerning the substratum of right-thinking and well-doing which he knows must have been here, he will have a devil of a time finding it. When he has assembled all he can and has made even a minimum allowance for speciousness, vagueness, and confusion of motive, he will sadly acknowledge that his net result is simply nothing. A Remnant were here, building a substratum like coral insects; so much he knows, but he will find nothing to put him on the track of who and where and how many they were and what their work was like.

Concerning all this, too, the prophet of the present knows precisely as much and as little as the historian of the future; and that, I repeat, is what makes his job seem to me so profoundly interesting. One of the most suggestive episodes recounted in the Bible is that of a prophet’s attempt – the only attempt of the kind on the record, I believe – to count up the Remnant. Elijah had fled from persecution into the desert, where the Lord presently overhauled him and asked what he was doing so far away from his job. He said that he was running away, not because he was a coward, but because all the Remnant had been killed off except himself. He had got away only by the skin of his teeth, and, he being now all the Remnant there was, if he were killed the True Faith would go flat. The Lord replied that he need not worry about that, for even without him the True Faith could probably manage to squeeze along somehow if it had to; “and as for your figures on the Remnant,” He said, “I don’t mind telling you that there are seven thousand of them back there in Israel whom it seems you have not heard of, but you may take My word for it that there they are.”

At that time, probably the population of Israel could not run to much more than a million or so; and a Remnant of seven thousand out of a million is a highly encouraging percentage for any prophet. With seven thousand of the boys on his side, there was no great reason for Elijah to feel lonesome; and incidentally, that would be something for the modern prophet of the Remnant to think of when he has a touch of the blues. But the main point is that if Elijah the Prophet could not make a closer guess on the number of the Remnant than he made when he missed it by seven thousand, anyone else who tackled the problem would only waste his time.

The other certainty which the prophet of the Remnant may always have is that the Remnant will find him. He may rely on that with absolute assurance. They will find him without his doing anything about it; in fact, if he tries to do anything about it, he is pretty sure to put them off. He does not need to advertise for them nor resort to any schemes of publicity to get their attention. If he is a preacher or a public speaker, for example, he may be quite indifferent to going on show at receptions, getting his picture printed in the newspapers, or furnishing autobiographical material for publication on the side of “human interest.” If a writer, he need not make a point of attending any pink teas, autographing books at wholesale, nor entering into any specious freemasonry with reviewers. All this and much more of the same order lies in the regular and necessary routine laid down for the prophet of the masses; it is, and must be, part of the great general technique of getting the mass-man’s ear – or as our vigorous and excellent publicist, Mr. H. L. Mencken, puts it, the technique of boob-bumping. The prophet of the Remnant is not bound to this technique. He may be quite sure that the Remnant will make their own way to him without any adventitious aids; and not only so, but if they find him employing any such aids, as I said, it is ten to one that they will smell a rat in them and will sheer off.

The certainty that the Remnant will find him, however, leaves the prophet as much in the dark as ever, as helpless as ever in the matter of putting any estimate of any kind upon the Remnant; for, as appears in the case of Elijah, he remains ignorant of who they are that have found him or where they are or how many. They did not write in and tell him about it, after the manner of those who admire the vedettes of Hollywood, nor yet do they seek him out and attach themselves to his person. They are not that kind. They take his message much as drivers take the directions on a roadside signboard – that is, with very little thought about the signboard, beyond being gratefully glad that it happened to be there, but with every thought about the directions.

This impersonal attitude of the Remnant wonderfully enhances the interest of the imaginative prophet’s job. Once in a while, just about often enough to keep his intellectual curiosity in good working order, he will quite accidentally come upon some distinct reflection of his own message in an unsuspected quarter. This enables him to entertain himself in his leisure moments with agreeable speculations about the course his message may have taken in reaching that particular quarter, and about what came of it after it got there. Most interesting of all are those instances, if one could only run them down (but one may always speculate about them), where the recipient himself no longer knows where nor when nor from whom he got the message – or even where, as sometimes happens, he has forgotten that he got it anywhere and imagines that it is all a self-sprung idea of his own.

Such instances as these are probably not infrequent, for, without presuming to enroll ourselves among the Remnant, we can all no doubt remember having found ourselves suddenly under the influence of an idea, the source of which we cannot possibly identify. “It came to us afterward,” as we say; that is, we are aware of it only after it has shot up full-grown in our minds, leaving us quite ignorant of how and when and by what agency it was planted there and left to germinate. It seems highly probable that the prophet’s message often takes some such course with the Remnant.

If, for example, you are a writer or a speaker or a preacher, you put forth an idea which lodges in the Unbewußtsein of a casual member of the Remnant and sticks fast there. For some time it is inert; then it begins to fret and fester until presently it invades the man’s conscious mind and, as one might say, corrupts it. Meanwhile, he has quite forgotten how he came by the idea in the first instance, and even perhaps thinks he has invented it; and in those circumstances, the most interesting thing of all is that you never know what the pressure of that idea will make him do.

For these reasons it appears to me that Isaiah’s job is not only good but also extremely interesting; and especially so at the present time when nobody is doing it. If I were young and had the notion of embarking in the prophetical line, I would certainly take up this branch of the business; and therefore I have no hesitation about recommending it as a career for anyone in that position. It offers an open field, with no competition; our civilization so completely neglects and disallows the Remnant that anyone going in with an eye single to their service might pretty well count on getting all the trade there is.

Even assuming that there is some social salvage to be screened out of the masses, even assuming that the testimony of history to their social value is a little too sweeping, that it depresses hopelessness a little too far, one must yet perceive, I think, that the masses have prophets enough and to spare. Even admitting that in the teeth of history that hope of the human race may not be quite exclusively centred in the Remnant, one must perceive that they have social value enough to entitle them to some measure of prophetic encouragement and consolation, and that our civilization allows them none whatever. Every prophetic voice is addressed to the masses, and to them alone; the voice of the pulpit, the voice of education, the voice of politics, of literature, drama, journalism – all these are directed towards the masses exclusively, and they marshal the masses in the way that they are going.

One might suggest, therefore, that aspiring prophetical talent may well turn to another field. Sat patriae Priamoque datum – whatever obligation of the kind may be due the masses is already monstrously overpaid. So long as the masses are taking up the tabernacle of Moloch and Chiun, their images, and following the star of their god Buncombe, they will have no lack of prophets to point the way that leadeth to the More Abundant Life; and hence a few of those who feel the prophetic afflatus might do better to apply themselves to serving the Remnant. It is a good job, an interesting job, much more interesting than serving the masses; and moreover it is the only job in our whole civilization, as far as I know, that offers a virgin field.


This essay first appeared in The Atlantic Monthly in 1936. See also Jeffrey Tucker on Nock.

Albert Jay Nock (1870–1945) was an influential American libertarian author, educational theorist, and social critic. Murray Rothbard was deeply influenced by him, and so was that whole generation of free-market thinkers. See Nock’s The State of the Union.

The Best of Albert Jay Nock

Albert Jay Nock

Albert Jay Nock
Born October 13, 1870
Scranton, Pennsylvania
Died August 19, 1945 (aged 74)
Wakefield, Rhode Island
Resting place Riverside Cemetery
South Kingstown, Rhode Island
Occupation writer and social theorist
Nationality American
Alma mater St. Stephen’s College
(now known as Bard College)
Subjects Libertarianism

Albert Jay Nock (October 13, 1870 – August 19, 1945) was an influential American libertarian author, educationaltheorist, and social critic of the early and middle 20th century.

 

Life and work

Throughout his life, Nock was a deeply private man who shared few of the details of his personal life with his working partners. He was born in Scranton, Pennsylvania (U.S.), to a father who was both a steelworker and an Episcopal priest, and he was raised in Brooklyn, New York. Nock attended St. Stephen’s College (now known as Bard College) from 1884–1888,[1] where he joined Sigma Alpha Epsilon Fraternity. After graduation he had a brief career playing minor league baseball, then attended a theological seminary and was ordained as an Episcopal priest in 1897. Nock married Agnes Grumbine in 1900 and had two children, Francis and Samuel (both of whom became college professors), but separated from his wife after only a few years of marriage.[2] In 1909, Nock left the clergy and became a journalist.

In 1914, Nock joined the staff of The Nation magazine, which was at the time supportive of liberal capitalism. Nock was an acquaintance of the influential politician and orator William Jennings Bryan, and in 1915 traveled to Europe on a special assignment for Bryan, who was then Secretary of State. Nock also maintained friendships with many of the leading proponents of the Georgist movement, one of whom had been his bishop in the Episcopal Church.

However, while Nock was a lifelong admirer of Henry George, he was frequently at odds with the left-leaning movement that claimed his legacy.[citation needed] Further, Nock was deeply influenced by the anti-collectivist writings of theGerman sociologist Franz Oppenheimer, whose most famous work, Der Staat, was published in English translation in 1915. In his own writings, Nock would later build on Oppenheimer’s claim that the pursuit of human ends can be divided into two forms: the productive or economic means and the parasitic, political means.

Between 1920 and 1924, Nock was the co-editor of The Freeman. The Freeman was initially conceived as a vehicle for the single tax movement. It was financed by the wealthy wife of the magazine’s other editor, Francis Neilson,[3] although neither Nock nor Neilson was an dedicated single taxer. Contributors to The Freemanincluded: Charles A. Beard, William Henry Chamberlin, Thomas Mann, Lewis Mumford, Bertrand Russell, Lincoln Steffens, Louis Untermeyer, Thorstein Veblen andSuzanne La Follette, the more libertarian[4] cousin of Senator Robert La Follette. Critic H.L. Mencken wrote:

His editorials during the three brief years of the Freeman set a mark that no other man of his trade has ever quite managed to reach. They were well-informed and sometimes even learned, but there was never the slightest trace of pedantry in them. –H.L. Mencken[5]

When the unprofitable The Freeman ceased publication in 1924, Nock became a freelance journalist in New York City and Brussels, Belgium.

“The Myth of a Guilty Nation,”[6] which came out in 1922, was Albert Jay Nock’s first anti-war book, a cause he backed his entire life as an essential component of a libertarian outlook. The burden of the book is to prove American war propaganda to be false. The purpose of the war, according to Nock, was not to liberate Europe and the world from German imperialism and threats. If there was a conspiracy, it was by the allied powers to broadcast a public message that was completely contradicted by its own diplomatic cables. Along with that came war propaganda designed to make Germany into a devil nation. The book has been in very low circulation ever since. In fact, until a recent release by the Mises Institute, it had been very difficult to obtain in physical form.

In the mid-1920s, a small group of wealthy American admirers funded Nock’s literary and historical work to enable him to follow his own interests. Shortly thereafter, he published his biography of Thomas Jefferson. When Jefferson was published in 1928, Mencken praised it as “the work of a subtle and highly dexterous craftsman” which cleared “off the vast mountain of doctrinaire rubbish that has risen above Jefferson’s bones and also provides a clear and comprehensive account of the Jeffersonian system,” and the “essence of it is that Jefferson divided all mankind into two classes, the producers and the exploiters, and he was for the former first, last and all the time.” Mencken also thought the book to be accurate, shrewd, well-ordered and charming.[5]

In his two 1932 books, On the Disadvantages of Being Educated and Other Essays and Theory of Education in the United States, Nock launched a scathing critique of modern government-run education.

In his 1936 article “Isaiah’s Job”,[7] which appeared in the Atlantic Monthly and was reprinted in pamphlet form in July 1962 by The Foundation for Economic Education, Nock expressed his complete disillusionment with the idea of reforming the current system. Believing that it would be impossible to convince any large portion of the general population of the correct course and opposing any suggestion of a violent revolution, Nock instead argued that libertarians should focus on nurturing what he called “the Remnant“.

The Remnant, according to Nock, consisted of a small minority who understood the nature of the state and society, and who would become influential only after the current dangerous course had become thoroughly and obviously untenable, a situation which might not occur until far into the future.[8] Nock’s philosophy of the Remnant was influenced by the deep pessimism and elitism that social critic Ralph Adams Cram expressed in a 1932 essay, “Why We Do Not Behave Like Human Beings”.[9] In his Memoirs of a Superfluous Man, Nock makes no secret that his educators:

did not pretend to believe that everyone is educable, for they knew, on the contrary, that very few are educable, very few indeed. They saw this as a fact of nature, like the fact that few are six feet tall. [...] They accepted the fact that there are practicable ranges of intellectual and spiritual experience which nature has opened to some and closed to others.

In 1941, Nock published a two-part essay in the Atlantic Monthly titled “The Jewish Problem in America”.[10] The article was part of a multi-author series, assembled by the editors in response to recent anti-Semitic unrest in Brooklyn and elsewhere “in the hope that a free and forthright debate will reduce the pressure, now dangerously high, and leave us with a healthier understanding of the human elements involved.”

Nock’s argument was that the Jews were an Oriental people, acceptable to the “intelligent Occidental” yet forever strangers to “the Occidental mass-man.”[11]Furthermore, the mass-man “is inclined to be more resentful of the Oriental as a competitor than of another Occidental;” the American masses are “the great rope and lamppost artists of the world;” and in studying Jewish history, “one is struck with the fact that persecutions never have originated in an upper class movement”. This innate hostility of the masses, he concluded, might be exploited by a scapegoating state to distract from “any shocks of an economic dislocation that may occur in the years ahead.” He concluded, “If I keep up my family’s record of longevity, I think it is not impossible that I shall live to see the Nuremberg laws reenacted in this country and enforced with vigor” and affirmed that the consequences of such a pogrom “would be as appalling in their extent and magnitude as anything seen since the Middle Ages.”

Despite this obvious dread of anti-Semitism, the article was itself declared by some to be anti-Semitic, and Nock was never asked to write another article, effectively ending his career as a social critic.

Against charges of anti-Semitism, Nock answered, “Someone asked me years ago if it were true that I disliked Jews, and I replied that it was certainly true, not at all because they are Jews but because they are folks, and I don’t like folks.”[citation needed]

In 1943, two years before his death, Nock published his autobiography, Memoirs of a Superfluous Man, the title of which expressed the degree of Nock’s disillusionment and alienation from current social trends. After the publication of this autobiography, Nock became the sometime guest of oilman William F. Buckley, Sr.,