File this under ‘Boohoo, cry a river’

From CBS News:

Main Street pay hike threatens Wall Street profits

But there’s a downside: U.S. labor costs now constitute more than 10 percent of the revenues of S&P 500 companies, representing a large headwind to profitability.

This is why we’re all not on the same side.  Companies don’t want to pay you, that’s one of their high priorities.  They don’t want to pay taxes either, they just want all the money for themselves and their shareholders.

Headline of the month!

From the Guardian:

Facebook is becoming a 21st-century Roman Colosseum for murder

Underneath the headline:

How could the social media giant host a video of a killing on its site for two hours before deleting it?

If you haven’t been following a person (now dead) livestreamed a murder he committed on Facebook.

I guess this is the connected world Zuckerberg has been on about for years!!

 

After they’ve made their money!!!

From CNBC:

Some 83 percent of fund managers believe U.S. stocks are overvalued, according to the Bank of America Merrill Lynch monthly fund manager survey.

Normal Americans are raised to think that the stock market and its inner workings are above their IQ and should be left to the professionals.

But what happens when the professionals are con men?  Where were the 83% of money managers when stocks were orgasmically buying stock after President Pumpkinhead was elected?

This is the question we face as a society?  What happens when the people at the top are unethical con men?

 

In addition to making you sick to your stomach will President Cheese Doodle make you even more ill?

From CBS News here:

WASHINGTON — Only about one in four Americans wants President-elect Donald Trump to entirely repeal his predecessor’s health care law that extended coverage to millions, a new poll has found.

Well this is where post-reality Trump bullshit meets the reality of human bodies.

There is something better than Obamacare and it would be universal health care, but Trump and these ‘free market’ superstars are not going to slit the throat of health insurance companies effectively putting them out of business.

So Obamacare has preserved and in some cases enhanced corporate health insurance profits but it’s not liked for a variety of good reasons.  One of these days President Doodle is going to have to do something besides run his fucking mouth and tell us all what a for profit health care plan for Americans who don’t have vast amounts of money (or any money in the case of millions of Americans) for it will look like.

I hope someone is buttering Trump’s ass because that’s gonna be an awful big rabbit if he manages to pull it out of his rear end the way he did the election.

Poof, $650bn gift to large companies is ‘modest’ tax reform

From NBC News here:

The infrastructure package, likely paid for with some modest tax reform, is at the top of Clinton’s priority list because it is widely seen in both parties as one of the few issues on which Republicans might be willing to work with a President Clinton.

This ‘modest’ tax reform is bringing profits stashed overseas by large American companies.  Right now the approximate total of untaxed profits is $2.5 trillion.

If paid out at the current tax rate that would be $875 billion.

And at the rate that large American companies want it (and what this article is called ‘modest’ tax reform) that would be $125 bn.

That’s a $650bn gift to American companies and I don’t consider that to be a modest number at all.

I guess Obama can be sued for drone strikes now!

From the Intercept here:

As it happens, the White House’s principled opposition to the bill was based on its worry that it would open the door to lawsuits from foreigners accusing the U.S. government of crimes, possibly including the killing of hundreds of thousands of people in Iraq and Afghanistan, torture, deaths of innocent people with drones, and global mass surveillance.

I guess it is now up to lawyers and investigators to prove whether Saudi Arabia was involved with the events on 9/11.

Now proving whether the American government has committed crimes is a far easier task — the invasion of Iraq was public, the photos of torture in Iraq exist, evidence of drone strikes can be gathered because it is locked up tight somewhere in the Spook Headquarters.

Obama knows this, he’s a law professor, and it would be only fitting if a law passed to stick it to Obama and to support 9/11 families ends up taking a bit out of the War on Terror.

Because it doesn’t take a genius (yeah, that’s you George W. Bush) to realize that a whole bunch of the War on Terror is illegal.