Auto Loans Zooming Up Behind Trump

In His Enormous F'king Blind Spot

While Pres.-elect Dump is gearing up to junk Dodd-Frank, the one law most likely to save us from another global economic crash, it turns out risky auto loans are revving up to drive a new financial crisis right onto the driveway at 1600 Pennsylvania Avenue.

http://www.businessinsider.com/auto-loan-delinquency-numbers-from-ny-fed-2016-11?ct=t%28TFN+12_1_16%29&mc_cid=87b421e680&mc_eid=%5BUNIQID%5D

http://www.businessinsider.com/chanos-auto-loan-2016-6?ct=t%28TFN+12_1_16%29&mc_cid=87b421e680&mc_eid=%5BUNIQID%5D

https://www.bloomberg.com/news/articles/2016-03-21/this-is-what-s-going-on-beneath-the-subprime-auto-loan-turmoil?ct=t%28TFN+12_1_16%29&mc_cid=87b421e680&mc_eid=%5BUNIQID%5D

http://www.cnbc.com/2016/12/01/as-auto-lending-rises-so-do-delinquencies.html

According to a blog post by the New York Federal Reserve, the default rate for repayment of subprime auto loans--the pre-owned Dodge Dart that smells like tears and Axe Body Spray of auto loans--is climbing. For background, the global economy crashed in 2008 because Wall Street had figured out how to make money selling investors bundles of shitty mortgages--which made shitty mortgages valuable enough, regardless of whether they'd ever be repaid, for banks to start pushing them on everyone, regardless of whether they could ever repay them..And then selling those bundles of mortgages to idiots. When mortgage defaults began piling up, everyone realized no one had a fucking clue how shitty all those mortgage bundles were. Screech. Crash. Boom. Soft Tinkling of Broken Glass.

But the 2008 crisis could have been set off by default rates for any fucking kind of loans for any kind of purchase. Auto. College. iPhone. Weed.

Since it happened to be mortgages, all the mortgage assholes started looking for other shit to fuck. And they found the auto-loan industry parked on an isolated street, far from the street lights, with the keys still inside, and a six-pack on the passenger seat.

In some ways, car loans are considered even safer than home loans. You don't have to own your home. But you need a fucking car to get to the fucking job you need to pay off your fucking car loan.

Not to worry, however, because who better to slam the brakes on this shit than Trump Treasury Secretary Steve Mnuchin, a predatory banker who produced Avatar.

Trump Transition Team Is All Tied Up With Anti-Gay Pseudoscience

Trump has assembled a transition team and cabinet deeply tied to one of the most pernicious anti-gay groups around. The Family Research Council isn’t content to oppose homosexuality on religious grounds; instead, it uses pseudoscience to give its homophobia a flimsy veneer of objectivity. And it could wind up shaping the incoming president’s policies.

https://www.wired.com/2016/11/trumps-transition-team-tied-anti-gay-pseudoscience/?mbid=nl_113016_p4&CNDID=30772003

Carrier played Trump, taxpayers, more to come

Carrier getting tens of millions of dollars in incentives, while still outsourcing 1,100 jobs to Mexico.

Socializing costs, Privatizing profits


The Financial Times reported:

Carrier’s decision to cancel plans to move 1,000 jobs to Mexico was on Wednesday painted as a trade-off for planned tax cuts, as one of Donald Trump’s economic advisers said he hoped other US businesses would see the deal as a “beacon signal” of a climate where they can keep more jobs at home. Donald Trump secured a victory after successfully pressuring Carrier, a unit of United Technologies, to change its plan to move 2,100 jobs to Mexico to cut costs. Carrier said it would keep about 1,000 jobs in Indiana, after negotiations with Trump representatives including vice-president elect Mike Pence who offered unspecified incentives.

….

When asked whether the deal would set a precedent for companies to demand a tax break in exchange for keeping jobs at home, Anthony Scaramucci, a Trump adviser, said: “Companies should expect a tax break. We have the highest corp tax rates in the industrialised world, we have to get those corporate tax rates down to a competitive position . . . I’m hoping that every CEO in America is getting that beacon signal from the new Trump administration.”

What about the other 1,100 jobs that are still going to Mexico? Oh, those are still leaving.

The troubling aspect of the bad deal that Trump cut for taxpayers is that his adviser said that they expect every company in America to go after the same kind of deal. The idea that the US has the highest corporate tax rate of anywhere in the world is not true. While top US corporate tax rate is high, but Republicans have been exaggerating the damage caused by this fact for years.

The goal of the Trump administration appears to be a nation where corporations pay no taxes. If corporations aren’t paying taxes, and the wealthy are getting tax cuts, the tax burden will fall on the shoulders of those who have the least to pay the most.

If corporations around the country follow Carrier’s lead, state and local economies around will be damaged, if political leaders give in to extortion threats.

The bottom line is that Trump and Pence got played by Carrier. The company is still outsourcing more jobs than are staying, but for giving Trump some good publicity, they are being rewarded with tens of millions of dollars in incentives that Indiana taxpayers are now on the hook for.

Trump got played, and even worse he set a precedent for even worse deals to come.

#BreitbartCereals

Gravis Poll: Nelson easily beats Scott for Senate, Morgan edges Putnam for gov

A new robo poll by Gravis Marketing finds Democratic U.S. Sen. Bill Nelson comfortably leading Republican Rick Scott in a hypothetical senate race, 51 percent to 38 percent. The incumbent expects a challenge from Gov. Scott in 2018, but Gravis also showed him leading Republican Attorney General Pam Bondi 50 percent to 35 percent.

We can only hope


http://www.tampabay.com/blogs/the-buzz-florida-politics/gravis-poll-bill-nelson-easily-beats-rick-scott-for-senate-john-morgan/2304623

Secretary of Spelling? ABC News reports:

In an unexpected sighting Tuesday, former Vice President Dan Quayle showed up at Trump Tower to offer his “personal congratulations” to President-elect Donald Trump, who has been meeting with potential Cabinet picks this afternoon.

“I was in the area and I stopped by to see the president-elect to offer personal congratulations to him. I talked to him recently on the phone,” Quayle told reporters following his meeting. “Things are in good hands. He’s moving forward and he’s going to make America great again.”

Quayle also confirmed he had breakfast with Vice President-elect Mike Pence this morning. The former vice president to George H.W. Bush announced in May he was backing Trump and expressed his confidence that the real estate mogul could beat Hillary Clinton.

Merriam-Webster Issues Plea About Fascism

The good people at Merriam-Webster practically begged users to search for any word other than “fascism” so the dictionary company could avoid making it the word of 2016.

In a tweet posted Tuesday afternoon, the company said it’s on track to name fascism its word of the year. It really doesn’t want to do that.

Other dictionaries have already made their choice for word of the year. The Oxford dictionary chose “post-truth” for its word of the year and Dictionary.com chose “xenophobia.”



I just went to Merriam-Webster and searched for “Fascism”

Word of the Day

chao
chow' (French)

An expression of parting; a farewell as of to the enforcement of life-saving safety regulations or to one's family as one calls from an airplane the engine of which just popped off the wing because it hadn't been inspected since Pres. Oooh Look At My Aviation Safety Record left office.

Ex. "Welcome to the Transportation Department, Madame Secretary."

"Thank you so much. Do you happen to know when we had the last fatal commercial airline crash in this country?"

"It was the month after Obama took office. We've had a perfect record since then."

"Wow. Well, you can say chao to that shit. Now let's undo some regulations!"

Taliban Fundraising Ebbs

Due to Shortage of Americans To Shoot At
Pres. Obama's failure to provide enough cannon fodder for the Taliban to kill has led to a fiscal crisis for Taliban fighters in Afghanistan, according to a report in The Guardian and pretty much nowhere else because flag-burning.

Taliban members told the paper that the cash flow for bloodshed has dried up from rich Afghan and Arab donors upset that too many civilians are being killed, and not enough foreign troops. One investor who would behead us in a second if he were real told The Fucking News, "We just want to see a more diversified portfolio before making future investments."

The reduction in foreign troops has also made the war less popular with its angel-of-death investors by eliminating the rationale that the Taliban is fighting a foreign occupation.

The resulting crisis has caused the Taliban to miss payments on its subscriptions to Playboy, and to the Pakistani hospitals that treat its wounded, forcing the violent group to raise money through other means, including bake sales, lemonade stands, and a hilarious Kickajewstarter campaign.

The cash crunch is pushing a growing number of Taliban leaders to support peace talks. Others, however, support deficit spending to fund the war. "Remember what Cheney said," the anonymous Taliban leader told The Fucking News. "Deficits don't matter when there's a Republican president."

more: https://www.theguardian.com/world/2016/nov/29/afghan-taliban-facing-financial-crisis-as-civilian-deaths-deter-donors?ct=t%28TFN+11_30_16%29&mc_cid=aa8cce1b63&mc_eid=%5BUNIQID%5D

http://thefingnews.us9.list-manage2.com/track/click?u=bc6cfeeede3f05b8504f947c9&id=a241fc6ca2&e=02dfd0c468

Google Earth Engine

Timelapse

Timelapse is a global, zoomable video that lets you see how the Earth has changed over the past 32 years. It is made from 33 cloud-free annual mosaics, one for each year from 1984 to 2016, which are made interactively explorable by Carnegie Mellon University CREATE Lab's Time Machine library, a technology for creating and viewing zoomable and pannable timelapses over space and time.

https://earthengine.google.com/timelapse/