TTWO TTWO
Board Highlights
Topic List Post New Topic

MSG # GO



Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

01/25/17 at 12:30 PM CST

 

 

READ: 4

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

OT - 'Lead latte' is the flavor of the month

OT - I've tried not to go into political rants (successful or not) but the one I read today just blows me away. I am hoping to God that this is a story that will get widespread play from the journalists, and not let this go under the radar. One of  orders Trump overturned today (in addition to such ablishing such things as clean air, water, and coal restrictions) was one to make bribery legal: The regulation, part of the Dodd-Frank bill, was that companies have to publicly disclose what taxes, royalties, and other types of fees are paid to foreign governments for rights of 'extraction'. (Hello Exxon) The Reps have struggled for years to get that repealed (or block its enactment), and it was finally  judge-ordered to take effect in 2018.   Story said the Reps find that law 'abusive', so Trump signs it, it gets sent to the legislature, and it's a simple majority rule vote. Part of the rationale was that it would 'raise prices' if the companies involved had to disclose such information. (I don't see how - and if so, raise prices more than the bribes to foreign governments that are paid now?)

I may well be behind the curve, and everybody knows this already. Sorry - first story I read once I woke up. I 'googled' it, and got nothing regarding this regulation (Zerohedge did have a story about how the 'Trump-25k Dow crowd was completely misreading the market.)

I've been very puzzled by the Dow going up in leaps and bounds, regardless of what President Impulse' just thought of doing. I *think* I get it - all signals 'go' for companies to do whatever the hell they want, no accountability. Got lead in your water? It's one of the 12 necessary minerals (like calcium) your body needs. Forget about it. 

I wish I knew what I could personally do to try and contain such alarming crap. I live in a 'pure blue' state.  And why would any Republican care?

Copyright 2014 All Rights Reserved; Patent Pending