Posted by: coastcontact | October 19, 2017

Former President George W. Bush Stands up to Bigotry

Although the former American president George W. Bush did not name Trump during his remarks, his warning about the current chief executive was clear.

George W. Bush

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Posted by: coastcontact | October 19, 2017

Donald Trump as Absolute Ruler

Donald Trump seeks to make himself an absolute ruler of this nation in a form similar to Vladimir Putin in Russia.  His objective is to end all opposition to his goal.  The evidence is everywhere.  Trump’s claim of massive voter fraud and his demand for voter information was his first step. A warrant seeking the names and personal information of those viewing the anti-Trump website Dreamhost is a perfect example of the behavior of Putin or Turkey’s president Erdogan.  Trump’s threat to deny licensing for NBC is further evidence of his desire to have absolute control over the media.  Erdogan like Putin now has authority to issue law, declare a state of emergency, dismiss parliament and to appoint ministers, public officials and judges. There is no limit to the number of times they can be elected to office.  Trump has two dictator/ presidents to emulate.  Too many Americans seem willing to surrender their freedom to an autocrat.  However many of us, like the Von Trapp family in Austria, will be wise enough to depart before Trump reaches his objective.

Posted by: coastcontact | October 16, 2017

Black Monday Coming Soon?

October: The Month Of Market Crashes?

In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%). In Australia and New Zealand, the 1987 crash is also referred to as “Black Tuesday” because of the time zone difference.

The terms Black Monday and Black Tuesday are also respectively applied to October 28 and October 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.The events that have given October a bad name span 80 years.

They are:

  • The Panic of 1907 (October 1907)
    A financial panic threatened to engulf Wall Street, mostly owing to threats of legislative action against trusts and shrinking credit. There were multiple bank  runs and heavy panic selling at the stock exchange. All that stood between the U.S. and a serious crash was a J.P. Morgan led consortium that did the work of the Fed before the Fed existed.
  • Black Tuesday, Thursday and Monday (October 1929)
    The Crash of 1929 was bloodletting on an unprecedented scale because so many more people were involved in the market. It left several “black” days in the history books, each with their own record breaking slides.
  • Black Monday (October 1987)
    Nothing says Monday like a financial meltdown. In 1987, automatic stop-loss orders and financial contagion gave the market a thorough throttling as a domino effect echoed across the world. The Fed and other central banks intervened and the Dow recovered from the 22% drop quite rapidly.

The S&P 500 has risen from 2083.79 to 2559.47 in the past 12 months. That is a 22.83% increase. It may feel good but fast rises can also result in fast declines. Historically a significant recession has occurred about every ten years during the past 100 years. While there have been declines since the Great Recession (Dec 2007 – June 2009) none have resulted in a major impact on the economy. I suspect we are due to have another decline in the near future. My thought that could be within the next year or two.

Are you ready?

Posted by: coastcontact | October 12, 2017

Would It Kill You To Call?

Posted by: coastcontact | October 10, 2017

Is Age a Criteria for Holding Public Office?

U.S. Sen. Dianne Feinstein ended months of speculation Monday when she said she was running for re-election in 2018. “I’m all in!” she tweeted and wrote in a Facebook post. At age 84, is Feinstein too old to run again? (If she won, her term would extend past her 91st birthday.)

My question is why should she be denied another term in office because of her age? I have seen her on many Sunday morning news shows and she is obviously able to hold her own against those that question her on the topic of the day. Her big issue is gun control and her responses to Chuck Todd on Meet the Press and Chris Wallace on Fox News Sunday are always very well spoken.

Robert Byrd was the longest-serving Senator in United States history. In addition, he was, at the time of his death, the longest-serving member in the history of the United States Congress. That record was later surpassed by Representative John Dingell of Michigan. Byrd died at 92 still holding the office of senator from West Virginia.

Age should not be a criteria for holding public office. Donald Trump is now 71. If he holds office for eight years he will be 79 when he departs Washington. Ronald Reagan was 69 when he was inaugurated.

Posted by: coastcontact | October 2, 2017

A Gun Crazy Society

59 people were killed by a madman who fired indiscriminately into a crowd all drawn together only by a love of country music.

This is not the first mass killing by a madman. It will not be the last. Sandy Hook (26 people killed), Umpqua Community College in Oregon (9 people killed), Virginia Tech (33 killed), Century 16 movie theater in Aurora, Colorado (12 people killed), and so many others.

All of this because of America’s love affair with guns.

Gun manufacturers and the NRA feel no guilt. The nonsensical commentaries by gun lovers bring no change to the never-ending treks to cemeteries.

Americas love for guns knows no bounds and no limits.

Posted by: coastcontact | September 17, 2017

Canadian Health Care

This is real personal for me. I have a daughter with a very serious gastro intestinal disease.  She has a Blue Cross independent medical plan that currently costs about $5,000 per year.  The deductible is $4,000 annually.  Until that deductible is paid Blue Cross pays about 50% of each doctor’s visit.  The plan DOES NOT cover all medications.  Consequently the medication for her disease IS NOT covered despite a doctors presentation explaining her need for a special medicine that has no generic substitute.  The consequence is that the medication is bought from a Canadian pharmacy at 1/3 the cost in the United States.  The cost of the medication is $250 for a 90 day supply from Canada or a 30 day supply in the USA.

Posted by: coastcontact | September 13, 2017

5 DACA Myths Debunked

Summary from CNN

Myth 1: It’s a pathway to citizenship

DACA gives beneficiaries a temporary reprieve from deportation, allowing them to stay lawfully in the country, granting them work permits and allowing them to obtain driver’s licenses. And it stops there.

“This is not amnesty. This is not immunity. This is not a path to citizenship. It’s not a permanent fix,” Obama said when he announced the program five years ago. “This is a temporary stopgap measure.”

Myth 2: They don’t pay taxes

DACA recipients have paid about $2 billion in state and local taxes, the Institute on Taxation and Economic Policy estimates.  If they work they also pay income tax.

Myth 3: They get Medicaid and Obamacare

Some types of immigrants living in the United States have health insurance through the Affordable Care Act, but under DACA, Dreamers are not eligible. DACA grantees cannot get Medicaid, either.

The only way for Dreamers to get health insurance is by receiving it from an employer, being a spouse’s dependent, going to a community clinic or purchasing it on their own outside the exchange, paying the entire premium.

Myth 4: They are going to college for free

It depends. DACA opened the doorway for undocumented immigrants to enroll in college, pay in-state tuition and, in some cases, gain access to financial aid packages.

While DACA students are not eligible for federal financial aid, some states let them pay in-state tuition, and a few offer them state-sponsored aid.

Myth 5: They are stealing jobs from American citizens

There’s actually a shortage of qualified workers in the United States, the Federal Reserve said in a survey of businesses across the country released in July.

Posted by: coastcontact | September 10, 2017

Sofia Vergara at 45

Ladies you don’t have to look.  Men of all ages will look.  It is the nature of men.  I have been a fan of Modern Family from its inception because the concept is so damn real in  the 21st century.  Ed O’Neill as Sofia’s husband must love that part.  The program must make lots of older men believe that there is still a chance that they may have a gorgeous young wife.  Unless you are the owner of a very successful business (as Jay Prtichett is in the story), forget it.  It doesn’t hurt to dream!

Posted by: coastcontact | September 5, 2017

“Land of the Free – Home of the Brave”

“Land of the Free – Home of the Brave” we are not quite there.

5 key quotes from Trump’s DACA statement

President Trump just released a lengthy statement following Attorney General Jeff Sessions’ announcement that the administration would rescind DACA. Here are the key lines:

•”I do not favor punishing children, most of whom are now adults, for the actions of their parents. But we must also recognize that we are nation of opportunity because we are a nation of laws.”

•”This is a gradual process, not a sudden phase out. Permits will not begin to expire for another six months, and will remain active for up to 24 months. Thus, in effect, I am not going to just cut DACA off, but rather provide a window of opportunity for Congress to finally act.”

•”Few in Washington expressed any compassion for the millions of Americans victimized by this unfair system. Before we ask what is fair to illegal immigrants, we must also ask what is fair to American families, students, taxpayers, and jobseekers.”

•”We will resolve the DACA issue with heart and compassion – but through the lawful Democratic process – while at the same time ensuring that any immigration reform we adopt provides enduring benefits for the American citizens we were elected to serve.”

•”It is now time for Congress to act!”

Has anyone recently read the words of Emma Lazarus that are inscribed on the Statue of Liberty?

“Keep ancient lands, your storied pomp!” cries she
With silent lips. “Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!”

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