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The Pronk Pops Show 1330, September 30, 2019, Story 1: The Big Fail: Democrat Coup 2.0 Against Trump and American People Blown — Fear and Trembling Over Justice Department Inspector General Report on FISA Abuse in Obama Administration — Indictment and Prosecurtions Coming — Biden Fading Fast —  Videos — Story 2: Secretary of State Mike Pompeo Listened In on President Trump’s Call With Ukrainian President Volodymyr Zelensky — Videos

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Story 1: The Big Fail: Democrat Coup 2.0 Against Trump and American People Blown — Fear and Trembling Over Justice Department Inspector General’s Report on FISA Abuse in Obama Administration — Spygate Indictments and Prosecutions Coming —  Videos —

See the source image

President Trump on whistleblower

Joe Biden Admits to Getting Ukrainian Prosecutor who Investigated Son Fired

Hannity: Dems are guilty of everything they accuse Trump of

Hunter Biden Situation Could Be ‘Albatross Around Joe Biden’s Neck’ | THE CIRCUS | SHOWTIME

CBN NewsWatch PM: September 30, 2019

Top U.S. & World Headlines — September 30, 2019

President Trump And Allies Focus Attacks On Whistleblower

Pompeo was on Trump’s call with Ukrainian President, source says

Trump focuses anger at whistleblower as impeachment inquiry deepens

A look at Hunter Biden’s time in Ukraine

“BIDEN IS A DISGRACE” President Trump RIPS Joe Biden Over Ukraine Controversy

Tucker: Democrats don’t seem happy about impeachment

Stephen Miller calls whistleblower a ‘partisan hit job’ in fiery interview

I wouldn’t cooperate with Adam Schiff’: Giuliani | ABC News

House Intelligence Committee expects to hear from whistleblower ‘very soon’: Schiff | ABC News

Trump Calls Impeachment Inquiry a ‘Coup’

Biden’s Ukraine Scandal Explained I Glenn Beck

LIVE NOW | Ukraine: The Democrats’ Russia

Glenn reveals the facts that the media refuse to share and breaks down the entire Ukraine timeline on the chalkboard. Tune in to watch as Glenn makes yet another complex issue simple. BlazeTV Presents a Glenn Beck Special – Ukraine: The Democrats’ Russia.

 

 

 

‘COUP’: Trump blasts Democrats’ impeachment efforts in tweet

The Trump tweet came about 12 hours after Trump adviser Peter Navarro called the impeachment inquiry an “attempted coup d’etat’
Image: President Elect Trump Continues His "Thank You Tour" In Grand Rapids, Michigan

President-elect Donald Trump looks on during a rally at the DeltaPlex Arena in Grand Rapids, Michigan on Dec. 9, 2016.Drew Angerer / Getty Images file

DOJ watchdog submits draft report on alleged FISA abuses to Barr

Story 2: Secretary of State Mike Pompeo Listened In on President Trump’s Call With Ukrainian President Volodymyr Zelensky — Videos

Mike Pompeo was on July 25 phone call at the center of the impeachment inquiry in which Trump asked Ukraine president to probe Joe Biden

  • Officials told Associated Press that Secretary of State Pompeo was listening 
  • It would be the first confirmation that a Cabinet official was on the cal
  • President Trump pressed Ukrainian counterpart to investigate Joe Biden
  • He asked Volodymyr Zelensky to probe Hunter Biden’s role in gas company 

Two U.S. officials say Secretary of State Mike Pompeo was on the July 25 call between President Donald Trump and Ukraine‘s president that is at the center of a whistleblower complaint.

The officials spoke on condition of anonymity to discuss an internal matter.

It was the first confirmation that a Cabinet official was on the call in which Trump pressed President Volodymyr Zelenskiy to investigate Hunter Biden’s membership on the board of a Ukrainian gas company.

It also increases the number of people known to have first-hand knowledge of a call that has sparked an impeachment inquiry by Congress.

Secretary of State Mike Pompeo is seen at United Nations in New York last week

Secretary of State Mike Pompeo is seen at United Nations in New York last week

Pompeo overheard the phone call between President Trump and Ukrainian President Volodymyr Zelensky (seen far left next to Trump), according to two U.S. officials

Pompeo overheard the phone call between President Trump and Ukrainian President Volodymyr Zelensky (seen far left next to Trump), according to two U.S. officials

Pompeo leaves for Italy amid reports he took part in Ukraine call

Pompeo boarded a plane to fly to Italy on Monday.

Joining him aboard the official State Department flight was Sebastian Gorka, a former White House aide and Trump supporter.

‘It’s not quite Air Force One, but it’s very close,’ Gorka, who is now a media personality, tweeted.

News of Pompeo’s involvement broke after it was learned that another associate of the president is more deeply ensnared in the ongoing impeachment inquiry.

Democrats on Monday subpoenaed Rudy Giuliani, the president’s personal lawyer who was at the heart of Trump’s efforts to get Ukraine to investigate political rival Joe Biden’s family.

With Congress out of session for observance of the Jewish holidays, Democrats moved aggressively against Giuliani, requesting by Oct. 15 ‘text messages, phone records and other communications’ that they referred to as possible evidence.

Sebastian Gorka DrG

@SebGorka

It’s not quite Air Force One.

But it’s very close!

Boarding @SecPompeo’s Air Force Boeing at @Andrews_JBA.

Destination Rome.

Stay Tuned!

http://SebGorka.com 

View image on Twitter

They also requested documents and depositions from three of his business associates.

McConnell, a steadfast Trump defender, nonetheless swatted down talk that that the GOP-controlled Senate could dodge the matter of impeachment if the House approved charges against Trump.

‘It’s a Senate rule related to impeachment, it would take 67 votes to change, so I would have no choice but to take it up,’ McConnell said on CNBC.

FILE - In this May 5, 2018, file photo, Rudy Giuliani, an attorney for President Donald Trump, speaks in Washington. Giuliani says he'd only cooperate with the House impeachment inquiry if his client agreed. Central to the investigation is the effort by Giuliani to have Ukraine conduct a corruption probe into Joe Biden and his son's dealings with a Ukrainian energy company. Trump echoed that request in a July 2019 call with Ukraine's president. The House Intelligence Committee is leading the inquiry, and Chairman Adam Schiff hasn't decided if he wants to hear from Giuliani. AP Photo/Andrew Harnik, File)

FILE – In this May 5, 2018, file photo, Rudy Giuliani, an attorney for President Donald Trump, speaks in Washington. Giuliani says he’d only cooperate with the House impeachment inquiry if his client agreed. Central to the investigation is the effort by Giuliani to have Ukraine conduct a corruption probe into Joe Biden and his son’s dealings with a Ukrainian energy company. Trump echoed that request in a July 2019 call with Ukraine’s president. The House Intelligence Committee is leading the inquiry, and Chairman Adam Schiff hasn’t decided if he wants to hear from Giuliani. AP Photo/Andrew Harnik, File)

The lawmakers cited claims by Giuliani in a series of TV interviews over the past week

The lawmakers cited claims by Giuliani in a series of TV interviews over the past week

FILE PHOTO: U.S. President Trump's personal lawyer Rudy Giuliani has coffee with Ukrainian-American businessman Lev Parnas at the Trump International Hotel in Washington, U.S. September 20, 2019. Committees are seeking documents related to his mission to seek information from Ukraine

President Trump again Monday called his phone call with the President of Ukraine where he urged him to get in touch with Giuliani 'perfect'

Giuliani has repeatedly pushed unsubstantiated claims that Joe Biden pushed Ukraine to fire a prosecutor to keep it from probing a company tied to his son

Giuliani has repeatedly pushed unsubstantiated claims that Joe Biden pushed Ukraine to fire a prosecutor to keep it from probing a company tied to his son

UP TO HERE: 'If (Trump) decides that he wants me to testify of course I'll testify – even though I think Adam Schiff is an illegitimate chairman,' Giuliani said.

UP TO HERE: ‘If (Trump) decides that he wants me to testify of course I’ll testify – even though I think Adam Schiff is an illegitimate chairman,’ Giuliani said.

‘How long you’re on it is a whole different matter.’

Trump took to Twitter to defend anew his phone call with Zelenskiy as ‘perfect’ and to unleash a series of attacks, most strikingly against House intelligence committee Chairman Adam Schiff. 

The Democrat, he suggested, ought to be tried for a capital offense for launching into a paraphrase of Trump during a congressional hearing last week.

‘Rep. Adam Schiff illegally made up a FAKE & terrible statement, pretended it to be mine as the most important part of my call to the Ukrainian President, and read it aloud to Congress and the American people,’ the president wrote.

‘It bore NO relationship to what I said on the call. Arrest for Treason?’

Trump tweeted repeatedly through the day but was, for the most part, a lonely voice as the White House lacked an organization or process to defend him.

Senior staffers, including acting chief of staff Mick Mulvaney and White House counsel Pat Cipollone, were to present Trump this week with options on setting up the West Wing’s response to impeachment, officials said.

A formal war room was unlikely, though some sort of rapid response team was planned to supplement the efforts of Trump and Giuliani.

But Trump was angry over the weekend at both Mulvaney and press secretary Stephanie Grisham for not being able to change the narrative dominating the story, according to two Republicans close to the White House not authorized to speak publicly about private conversations.

Democrats have orders from House Speaker Nancy Pelosi to keep momentum going despite a two-week recess that started Friday. 

Staff for three committees are scheduled on Wednesday and Thursday to depose Marie ‘Masha’ Yovanovitch, the U.S. ambassador to Ukraine who was removed by the Trump administration earlier this year, and Kurt Volker, who resigned last week as America’s Ukrainian envoy.

Members of intelligence committee on Friday will interview Michael Atkinson, the inspector general for the intelligence community who first received the whistleblower’s complaint.

Democrats are driving the proceedings toward what some hope is a vote to impeach, or indict, Trump by year’s end.

They have launched a coordinated messaging and polling strategy aimed at keeping any political backlash in closely divided districts from toppling their House majority.

Meanwhile, an outside group that supports GOP House candidates was starting anti-impeachment digital ads on Monday against three House Democrats from districts Trump won in 2016.

The ads by the Congressional Leadership Fund accuse Reps. Matt Cartwright of Pennsylvania, Elaine Luria of Virginia and Elissa Slotkin of Michigan of ‘tearing us apart,’ and are among the first in which Republicans are trying to use the impeachment issue against Democratic candidates.

However, support across America for impeachment has grown significantly from its level before the House launched its formal inquiry last week.

A new poll from Quinnipiac University shows 47 per cent of registered voters say Trump should be impeached and removed from office, while 47 per cent say he should not.

Just a week before, it was 37 per cent for impeachment and 57 per cent against.

That was before the White House released its rough version of the call between Trump and Ukraine’s president and House Speaker Nancy Pelosi’s announcement of a formal impeachment inquiry.

SMOKING TABLET: Rudy Giuliani claims he has 15 texts which will show his Ukraine activities were fully coordinated with the State Department

SMOKING TABLET: Rudy Giuliani claims he has 15 texts which will show his Ukraine activities were fully coordinated with the State Department

Rudy Giuliani reiterated previous claims that the State Department asked him to reach out to Ukraine to inquire about Ukrainian investigations, including into Joe and Hunter Biden, in an appearance on Laura Ingraham's show on Fox

Rudy Giuliani reiterated previous claims that the State Department asked him to reach out to Ukraine to inquire about Ukrainian investigations, including into Joe and Hunter Biden, in an appearance on Laura Ingraham’s show on Fox

LET'S TALK AGAIN: Giuliani shared his texts with U.S. special envoy for Ukraine Kurt Volker

TALK AGAIN: Giuliani shared his texts with U.S. special envoy for Ukraine Kurt Volker

In the CNN poll, 47 per cent said Trump should be impeached and removed from office, up from 41 per cent in May.

Both polls showed dramatic partisan polarization remains on impeachment: most Democrats expressing support, the vast majority of Republicans opposed.

The polls disagreed over whose opinions are changing – Quinnipiac showing increased impeachment support coming more from Democrats, CNN from Republicans.

Schiff said on Sunday that his intelligence panel would hear from the still-secret whistleblower ‘very soon’ but that no date had been set and other details remained to be worked out.

A day after Trump demanded to meet the whistleblower, whom he has repeatedly assailed, he said when asked about the person: ‘Well, we’re trying to find out about a whistleblower,’ who made his perfect call ‘sound terrible.’

The whistleblower’s attorney, Andrew Bakaj, said Monday that the person ‘is entitled to anonymity. Law and policy support this, and the individual is not to be retaliated against. Doing so is a violation of federal law.’

Separately, the Justice Department disclosed that Trump recently asked Australian Prime Minister Scott Morrison and other foreign leaders to help Attorney General William Barr with an investigation of the origins of the Russia investigation that has shadowed his administration for more than two years.

Justice spokeswoman Kerri Kupec said Trump made the calls at Barr’s request.

Trump was requesting help for U.S. Attorney John Durham’s investigation into the origins of special counsel Robert Mueller’s probe into Russian interference in the 2016 election.

The investigation outraged Trump, who cast it as a politically motivated ‘witch hunt.’

The Russia probe remains Trump’s motivating factor, according to Tom Bossert, the president’s former homeland security adviser.

‘I honestly believe this president has not gotten his pound of flesh yet from past grievances on the 2016 investigation,’ Bossert said Sunday on ABC.

‘If he continues to focus on that white whale, it’s going to bring him down.’

 

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The Pronk Pops Show 1326, September 24, 2019, Story 1: President Trump Address To The United Nations — One of The Greatest Presidential Speeches in U.S. History — Videos — Story 2: Democrats Want To Impeach Trump For Winning In 2016 — If Democrats Impeach Trump The American People Will Elect Trump in 2020 in A Landslide Victory and Republicans Will Have Total Control of Congress — Creepy Sleepy Dopey Joe Biden Done Over Corruption of Hunter Biden Payoff Bribes In Ukraine and Communist China — Call The Impeachment Vote — Doubly Desperate Democrats — Drop Out Biden — Going, Going, Gone! — Videos —

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Pronk Pops Show 1326 September 24, 2019

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Story 1: President Trump Address To The United Nations — One of The Greatest Presidential Speeches in U.S. History — Videos —

WATCH AGAIN: Donald Trump addresses United Nations General Assembly

Watch Highlights From President Donald Trump’s U.N. Speech | NBC News Now

James Risen: I Wrote About the Bidens and Ukraine in 2015. The Right-Wing Media Twisted My Reporting

Watch Highlights From President Donald Trump’s U.N. Speech | NBC News Now

Donald Trump uses UN address to warn social media giants against ‘blacklisting’ conservatives and tells the world to be ‘skeptical’ of anyone who wants control over free speech

  • Utilizing his platform at the United Nations General Assembly, Donald Trump put social media giants on blast 
  • He warned against ‘silencing’ and ‘blacklisting’ political opinions that are unpopular in Silicon Valley – where most social media sites are headquartered
  • The president has often voiced his disdain over social media platforms silencing conservative voices
  • He warned the global audience at UNGA that social media is threatening free speech, even in ‘free nations’
  • Last week, Trump met with Facebook CEO Mark Zuckerberg in the Oval Office
  • He has also previously met with Twitter CEO Jack Dorsey 

Donald Trump put America’s social media giants on notice during a United Nationsaddress on Tuesday that the U.S. government will push back against online tech giants ‘silencing, coercing, canceling or blacklisting’ political opinions that don’t rate high in Silicon Valley.

‘A small number of social media platforms are acquiring immense power over what we can see and over what we are allowed to say,’ Trump told foreign leaders.

He said he is aggressively cracking down on the biggest platforms that play political favorites online, and encouraging other nations to follow suit.

‘A free society cannot allow social media giants to silence the voices of the people,’ he said, ‘and a free people must never, ever be enlisted in the cause of silencing, coercing, canceling or blacklisting their own neighbors.’

Trump warns against social media giants limiting free speech
Donald Trump blasted U.S. social media platforms during his remarks at the United Nations General Assembly Tuesday. 'A free society cannot allow social media giants to silence the voices of the people,' he asserted

Donald Trump blasted U.S. social media platforms during his remarks at the United Nations General Assembly Tuesday. ‘A free society cannot allow social media giants to silence the voices of the people,’ he asserted

He told the room full of foreign leaders and a global audience that even 'free nations' are experiencing challenges to liberty and free speech from social media

He told the room full of foreign leaders and a global audience that even ‘free nations’ are experiencing challenges to liberty and free speech from social media

‘My administration has made clear to social media companies that we will uphold the right of free speech,’ he declared.

The president often complains about anti-conservative bias at Twitter, Facebook and Google.

He met last week with Facebook CEO Mark Zuckerberg. A White House official said the topic of ‘bias came up.’ Trump has also sat down for a talk with Twitter CEO Jack Dorsey.

The president on Tuesday raised social media in the context of condemning oppressive nations that control what their population can read, see and hear, and whose technological advances have the potential to limit freedom of speech.

Trump met last week with Facebook founder and CEO Mark Zuckerberg (right) in the Oval Office. A White House official said the topic of 'bias came up' during their meeting

Trump met last week with Facebook founder and CEO Mark Zuckerberg (right) in the Oval Office. A White House official said the topic of ‘bias came up’ during their meeting

‘A permanent political class is openly disdainful, dismissive and defiant of the will of the people,’ he continued. ‘A faceless bureaucracy operates in secret and weakens democratic rule. Media and academic institutions push flat-out assaults on our histories, traditions and values.’

‘Freedom and democracy must be constantly guarded and protected abroad, and from within,’ he said.

‘We must always be skeptical about those who want conformity and control. Even in free nations we see alarming signs and new challenges to liberty.’

Zuckerberg capped off a day of meetings in Washington, D.C. on Friday with a sit-down with Trump.

‘Nice meeting with Mark Zuckerberg of @facebook in the Oval Office today,’ the president wrote on Twitter, adding a picture of him with the Facebook CEO.

 

Story 2: Democrats Want To Impeach Trump For Winning The 2016 — If Democrats Impeach Trump The American People Will Elect Trump in 2020 in A Landslide Victory and Republicans Will Have Total Control of Congress — Creepy Sleepy Dopey Joe Biden Done Over Corruption of Hunter Biden Payoff Bribes In Ukraine and Communist China — Call The Impeachment Vote — Doubly Desperate Democrats — Drop Out Biden — Going, Going, Gone! — Videos

Biden sidesteps questions about son’s foreign work

Jun 20, 2019

Speaker Pelosi Launches Probe To Impeach Trump For First Time | The Beat With Ari Melber | MSNBC

Trump: Joe Biden and His Son Are Corrupt

Nunes: Biden admitted he did the very thing Trump is accused of doing

Biden made Ukraine fire top prosecutor investigating son’s firm – report

Explaining Trump And Giuliani’s Allegations Against Joe Biden And His Son | The 11th Hour | MSNBC

Napolitano: Trump’s admitted contact with Ukraine is a crime

Rudy Giuliani’s Actions Under Scrutiny In Trump’s Call With Ukrainian President | Hardball | MSNBC

BIDEN UKRAINE SCANDAL EXPLAINED: Unethical plan by Joe to help son Hunter profit

President Donald Trump Admits Discussing Joe Biden With Ukrainian Leader | Velshi & Ruhle | MSNBC

The Five’ reacts to Trump and Biden’s whistleblower feud

White House reacts to Congress’ Trump impeachment inquiry

Giuliani: Democrats stepped into more than they realize

Nunes: Biden admitted he did the very thing Trump is accused of doing

Gowdy on whistleblower: Here’s why ‘anonymous sources’ shouldn’t count

Graham challenges whistleblower to appear before Senate Judiciary

Joe Biden is becoming an ‘impossible candidate’: Kennedy

•Sep 3, 2019

WSJ: Trump repeatedly asked Ukraine president to probe Biden’s son

 

Joe Biden, His Son and the Case Against a Ukrainian Oligarch

Hunter Biden at a campaign event in 2008. He sits on the board of one of Ukraine’s largest natural gas companies.
CreditCreditOzier Muhammad/The New York Times

When Vice President Joseph R. Biden Jr.traveled to Kiev , Ukraine, on Sunday for a series of meetings with the country’s leaders, one of the issues on his agenda was to encourage a more aggressive fight against Ukraine’s rampant corruption and stronger efforts to rein in the power of its oligarchs.

But the credibility of the vice president’s anticorruption message may have been undermined by the association of his son, Hunter Biden, with one of Ukraine’s largest natural gas companies, Burisma Holdings, and with its owner, Mykola Zlochevsky, who was Ukraine’s ecology minister under former President Viktor F. Yanukovych before he was forced into exile.

Hunter Biden, 45, a former Washington lobbyist, joined the Burisma board in April 2014. That month, as part of an investigation into money laundering, British officials froze London bank accounts containing $23 million that allegedly belonged to Mr. Zlochevsky.

Britain’s Serious Fraud Office, an independent government agency, specifically forbade Mr. Zlochevksy, as well as Burisma Holdings, the company’s chief legal officer and another company owned by Mr. Zlochevsky, to have any access to the accounts.

But after Ukrainian prosecutors refused to provide documents needed in the investigation, a British court in January ordered the Serious Fraud Office to unfreeze the assets. The refusal by the Ukrainian prosecutor general’s office to cooperate was the target of a stinging attack by the American ambassador to Ukraine, Geoffrey R. Pyatt, who called out Burisma’s owner by name in a speech in September.

“In the case of former Ecology Minister Mykola Zlochevsky, the U.K. authorities had seized $23 million in illicit assets that belonged to the Ukrainian people,” Mr. Pyatt said. Officials at the prosecutor general’s office, he added, were asked by the United Kingdom “to send documents supporting the seizure. Instead they sent letters to Zlochevsky’s attorneys attesting that there was no case against him. As a result, the money was freed by the U.K. court, and shortly thereafter the money was moved to Cyprus.”

Mr. Pyatt went on to call for an investigation into “the misconduct” of the prosecutors who wrote the letters. In his speech, the ambassador did not mention Hunter Biden’s connection to Burisma.

But Edward C. Chow, who follows Ukrainian policy at the Center for Strategic and International Studies, said the involvement of the vice president’s son with Mr. Zlochevsky’s firm undermined the Obama administration’s anticorruption message in Ukraine.

“Now you look at the Hunter Biden situation, and on the one hand you can credit the father for sending the anticorruption message,” Mr. Chow said. “But I think unfortunately it sends the message that a lot of foreign countries want to believe about America, that we are hypocritical about these issues.”

Speaking during a visit to Ukraine, Vice President Joseph R. Biden Jr. urged the country to weed corruption out of its system.CreditCreditMikhail Palinchak/Ukrainian Presidential Press Service

“Hunter Biden is a private citizen and a lawyer,” she said. “The vice president does not endorse any particular company and has no involvement with this company. The vice president has pushed aggressively for years, both publicly with groups like the U.S.-Ukraine Business Forum and privately in meetings with Ukrainian leaders, for Ukraine to make every effort to investigate and prosecute corruption in accordance with the rule of law. It will once again be a key focus during his trip this week.”

Ryan F. Toohey, a Burisma spokesman, said that Hunter Biden would not comment for this article.

It is not known how Mr. Biden came to the attention of the company. Announcing his appointment to the board, Alan Apter, a former Morgan Stanley investment banker who is chairman of Burisma, said, “The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals.”

Joining the board at the same time was one of Mr. Biden’s American business partners, Devon Archer. Both are involved with Rosemont Seneca Partners, an American investment firm with offices in Washington.

Mr. Biden is the younger of the vice president’s two sons. His brother, Beau, died of brain cancer in May. In the past, Hunter Biden attracted an unusual level of scrutiny and even controversy. In 2014, he was discharged from the Navy Reserve after testing positive for cocaine use. He received a commission as an ensign in 2013, and he served as a public affairs officer.

Before his father was vice president, Mr. Biden also briefly served as president of a hedge fund group, Paradigm Companies, in which he was involved with one of his uncles, James Biden, the vice president’s brother. That deal went sour amid lawsuits in 2007 and 2008 involving the Bidens and an erstwhile business partner. Mr. Biden, a graduate of Georgetown University and Yale Law School, also worked as a lobbyist before his father became vice president.

Burisma does not disclose the compensation of its board members because it is a privately held company, Mr. Toohey said Monday, but he added that the amount was “not out of the ordinary” for similar corporate board positions.

Asked about the British investigation, which is continuing, Mr. Toohey said, “Not only was the case dismissed and the company vindicated by the outcome, but it speaks volumes that all his legal costs were recouped.”

In response to Mr. Pyatt’s criticism of the Ukrainian handling of Mr. Zlochevsky’s case, Mr. Toohey said that “strong corporate governance and transparency are priorities shared both by the United States and the leadership of Burisma. Burisma is working to bring the energy sector into the modern era, which is critical for a free and strong Ukraine.”

Vice President Biden has played a leading role in American policy toward Ukraine as Washington seeks to counter Russian intervention in Eastern Ukraine. This week’s visit was his fifth trip to Ukraine as vice president.

Ms. Bedingfield said Hunter Biden had never traveled to Ukraine with his father. She also said that Ukrainian officials had never mentioned Hunter Biden’s role with Burisma to the vice president during any of his visits.

“I’ve got to believe that somebody in the vice president’s office has done some due diligence on this,” said Steven Pifer, who was the American ambassador to Ukraine from 1998 to 2000. “I should say that I hope that has happened. I would hope that they have done some kind of check, because I think the vice president has done a very good job of sending the anticorruption message in Ukraine, and you would hate to see something like this undercut that message.”

 

 

Let’s get real: Democrats were first to enlist Ukraine in US elections

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The Pronk Pops Show 1322, September 18, 2019, Story 1: Federal Reserve Open Market Committee (FOMC) Lowers The Federal Funds Target Rate by .25% with New Range of 1.75% to 2.00% Reflecting Slowing Moderate Rate of Growth of Real Gross Domestic Product (GDP) of 2.5% Below The Historical Average of Between 3.0% to 3.5% GDP Growth Rate — Trump Panics Wants Return To Irresponsible Near Zero Interest Rate Policy and Financial Repression of The Great Recession — Trump Just Another Big Government Bubble Blower Inflating Stock Market Prices — Videos — Story 2: Federal Reserve Injects Billions Into The Economy in Overnight Repo Operations — Videos — Story 3: The Ranting Former Trump National Security Adviser John Bolton — Neoconservative Interventionist War Monger — Videos — Story 4: President Trump Visits the Double Wall with Road In Between — The U.S. Border Agents Wanted — A Game Changer — Need To Build 1500 Miles of New Wall To Stop The 30-60 Million Illegal Alien Invasion of United States Over Last 33 Years — Videos

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Story 1: Federal Reserve Open Market Committee (FOMC) Lowers The Federal Funds Target Rate by .25% with New Range of 1.75% to 2.00% Reflecting Slowing Moderate Rate of Growth of Real Gross Domestic Product (GDP) of 2.5% Below The Historical Average of Between 3.0% to 3.5% GDP Growth Rate — Trump Panics Wants Return To Irresponsible Near Zero Interest Rate Policy and Financial Repression of The Great Recession — Trump Just Another Big Government Bubble Blower Inflating Stock Market Prices  — Videos —

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Fed Chairman Powell faces dilemma as Trump continues his public criticism

Powell Says Fed Rate Cut Is Insurance Against Ongoing Risks

WATCH LIVE: Fed Chairman Jerome Powell speaks after interest rate cut decision – 09/18/2019

It wouldn’t be surprising if the Fed cuts rates, policy expert says

Published on Aug 21, 2019

Fiat money may not survive this recession

Peter Schiff on recession warning: It’s going to be worse than 2008

What Happens When the Fed Lowers Interest Rates

Can Low Interest Rates Hold Off Recession? (w/ Richard Wolff)

Gold & Silver Prices Fall on FED Rate Cut Announcement

Trump on Fed: ‘Only problem we have is Jay Powell and the Fed’

The discount rate | Money, banking and central banks | Finance & Capital Markets | Khan Academy

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market

 

Current Federal Reserve Interest Rates and Why They Change

Why the Fed Lowered Its Benchmark Rate in September 2019

The interest rate targeted by the Federal Reserve, the federal funds rate, is currently 1.75% to 2%. That’s after the Fed cut it a quarter of a percentage point on Sept. 18, 2019.1 The federal funds rate is the benchmark interest rate banks charge each other for overnight loans. It generally reflects the health of the economy and has a big impact on other interest rates. The Sept. 18 cut was the second rate drop in 2019, after years of steady increases following the Great Recession.2

The Federal Reserve is the central bank of the United States and it is mandated by Congress to promote economic stability, mainly by raising or lowering the cost of borrowing.3 The Fed said it lowered interest rates because, although the U.S. economy is strong and unemployment is low, business investments and exports have “weakened” since the last meeting of the Federal Open Market Committee.4 The FOMC is the Fed’s rate-setting body, and it votes on interest rate changes every six weeks or so.

The FOMC looks at where it thinks the economy is headed and sets interest rates to help the economy reach or maintain full employment, moderate long-term interest rates, and an inflation rate of 2%.5

The fed funds rate is critical in determining the U.S. economic outlook. It is used to set short-term interest rates, including banks’ prime rate (the rate banks charge customers for loans), most adjustable-rate mortgages, and credit card rates.

 

Why the Fed Raises or Lowers Interest Rates 

The Fed uses interest rates as a lever to grow the economy or put the brakes on it. If the economy is slowing, the Fed can lower interest rates to make it cheaper for businesses to borrow money, invest, and create jobs. Lower interest rates also tend to make consumers more eager to borrow and spend, which helps spur the economy.

On the other hand, if the economy is growing too fast and inflation is heating up, the Fed may raise interest rates to curtail spending and borrowing.

In December 2008, the Fed cut the fed funds rate to 0.25%. That’s effectively nothing. It did so amid the worst financial crisis since the Great Depression, in an effort to light a spark under the economy. The rate stayed unchanged until 2015, and rose steadily through 2018 as the economy picked up steam.6 The 2019 cuts are a sign that growth is beginning to slow.

 

How the Fed Funds Rate Works

The FOMC targets a specific level for the fed funds rate, which determines the interest rates banks actually charge one another for overnight loans. Banks use these loans to help them meet cash reserve requirements: Banks that are short borrow from banks that have excess.

reserve requirement is the amount of cash a bank must keep overnight. It’s set by the Fed and is a percentage of the bank’s deposits. The current top reserve requirement is 10% for banks with more than $124.2 million on deposit.

Prior to the financial crisis, the Fed controlled the fed funds rate by buying and selling U.S. government securities on the open market. When the Fed buys a security, that increases the reserves of the bank associated with the sale, which makes the bank more likely to lend. To attract borrowers, the bank lowers interest rates, including the rate it charges other banks.

When the Fed sells a security, the opposite happens. Bank reserves fall, making the bank more likely to borrow, causing the fed funds rate to rise.7 These shifts in the fed funds rate ripple through the rest of the credit markets, influencing other short-term interest rates such as savings, bank loans, credit card interest rates, and adjustable-rate mortgages.

Actions the Fed took during the financial crisis and throughout the recession that followed had the effect of ballooning banks’ reserve balances, and as a result, banks didn’t need to borrow from one another to meet reserve requirements.8 The Federal Reserve could no longer rely on reserve balance manipulation to control interest rates. Because of that, the Fed has developed other tools to affect the rate.

 

How the Fed Now Sets the Fed Funds Rate

Today, the Fed sets a target range for the fed funds rate. It started back in October 2008, when the Fed began paying interest on reserves (IOR), but to a limited number of institutions. This was intended as the floor on the fed funds rate.9 After all, banks won’t lend to each other at a lower rate than what they’re getting from the Fed.

But eventually, the Fed realized the IOR wasn’t sufficient. It needed a sub-floor, so in 2013 it added another tool to help it control the target rate: the overnight reverse repurchase agreement facility (ON RRP, or “reverse repo”).10 This program is available to a broader range of financial institutions than IOR.11

With the ON RPP, the Fed agrees to sell a security and buy it back at a higher price, which is effectively the interest rate. This rate is set high enough to attract buyers, but below IOR. When banks need to borrow from one another, they do so within the range bounded by IOR and ON RPP. And when the Fed acts to raise or lower interest rates, it adjusts both IOR and ON RPP.

 

How Other Interest Rates Are Determined

The fed funds rate is one of the most significant leading economic indicators in the world. Its importance is psychological as well as financial, as many of the interest rates businesses and consumers pay are based on it, if only indirectly. For example, the prime lending rate is determined by individual banks themselves, who base their rates on the fed funds rate.12

Variable interest rates for credit cards and other consumer loans, for example, rely on the prime rate, which means they’re also affected by the fed funds rate.

However, not all loans rely on the prime lending rate. In fact, the interest rates for 30-year mortgages correlate with the yield on the 10-year Treasury note. That’s because investors who are interested in safe long-term returns on their investments see lots in common between the two—but not because one rate is determined by the other.13 Ultimately, supply and demand determine the rates for both.

Another important benchmark interest rate that is not set by the Fed is the London Interbank Offered Rate (LIBOR). It is the average interest rate major global banks charge each other to borrow. LIBOR is calculated daily, and is the basis for a host of commercial and consumer interest rates, from corporate bonds to adjustable-rate mortgages.14

Fed Cuts Rates By Quarter Point But Faces Growing Split

Central bankers divided over Wednesday’s decision and the outlook for further reductions.

Federal Reserve rate targetSource: Federal Reserve
%2009’10’11’12’13’14’15’16’17’18’190.000.250.500.751.001.251.501.752.002.252.502.75

WASHINGTON—The Federal Reserve voted to cut interest rates by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade conflict.

While the central bankers left the door open to additional cuts, they were split over Wednesday’s decision and the outlook for further reductions.

Seven of 10 officials voted in favor lowering the short-term benchmark to a range between 1.75% and 2%. As in July, two reserve bank presidents dissented from the decision in favor of holding rates steady. This time, Fed Chairman Jerome Powell faced a third dissent from a bank president who preferred a larger, half-point cut.

“We took this step to keep the economy strong,” said Mr. Powell in a news conference after the decision.

Fed Chairman Jerome Powell explaining the central bank’s monetary-policy decision at news conference in Washington. PHOTO: PATRICK SEMANSKY/ASSOCIATED PRESS

He also indicated rates could be cut further if the economy weakened further, even though he said officials still have a positive outlook for the U.S. economy.

[For up-to-the-minute of the Fed’s monetary policy meeting, please see Federal Reserve Interest-Rate Decision—Live Analysis]

U.S. stocks wobbled, then pared declines after the Fed’s decision. Treasury yields, which move inversely to prices, ticked higher though held their recent range.

The policy statement released after the meeting was little changed from July, when officials held the door open to future rate cuts. As the rate-setting committee “contemplates the future path” of its policy rate, “it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion,” the statement said, repeating language from July.

The statement noted household spending had been rising at a strong pace while business investment and exports had weakened.

Projections released after Wednesday’s two-day meeting showed the extent of the split over the policy outlook, complicating the challenge facing Mr. Powell.

Seven of 17 officials penciled in one more rate cut this year. The other 10 were split evenly between those who thought the new level of rates, after Wednesday’s cut, would be appropriate and those who thought rates shouldn’t have to go any lower.

Lowered Expectations

The Fed’s forecasts of the federal-funds rate for the end of 2019 have changed over time. Circles below are sized according to the number of officials who set their projections to the corresponding rate for each release.

Projected midpoint for rate at end of 2019

Target range following

this quarter’s release

10 officials

5

Seven of 17 officials projected one more quarter-point cut this year

4.0%

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0

Sept. ’17

Dec.

March ’18

June

Sept.

Dec.

March ’19

June

Sept.

PROJECTION RELEASE DATE

Source: Federal Reserve

Those divides are even sharper in projections for next year. Roughly half of officials projected rates by December 2020 would sit one-quarter point below the new level, while another half thought it would be appropriate to reverse at least one of the two recent cuts.

Officials cited three reasons—weakening global growth, rising trade-policy uncertainty and muted inflation—for cutting rates at their July 30-31 meeting. The U.S.-China trade conflict worsened immediately after the July meeting, and the global industrial downturn shows no sign of bottoming out.

The Fed faces an unusual challenge setting policy given the volatile outlook for the global trading environment, that has chilled business investment. “There is a piece of this that we really can’t address,” said Mr. Powell. “It’s an unusual situation… It’s a challenging time, I admit it.”

Officials expected the U.S. economy to slow this year, but increased uncertainty means officials aren’t sure if the economy is going to cool a little bit or a lot.

U.S. economic data paint a mixed picture. Consumer spending has been solid, but manufacturing has weakened. Recent revisions to employment and profit growth show that the economy over the past year wasn’t as strong as previously thought.

 

Some Fed officials have warned that waiting for signs of consumer spending and hiring to slow more sharply could require the Fed to deliver more aggressive stimulus at a time when its policy rate is already historically low.

Hiring has slowed this year. The private sector added 129,000 jobs on average over the three months ended August, down from 236,000 for the three-month period ended December.

One challenge for the Fed in reading these numbers is that for years, officials have expected hiring to slow as the economic expansion matures. At the same time, wage growth hasn’t accelerated substantially this year, as would occur when the demand for workers outstrips supply.

Powell Signals Rate Cut at Senate Hearing

Powell Signals Rate Cut at Senate Hearing
Testifying before the Senate Banking Committee, Federal Reserve Chairman Jerome Powell again signaled that the central bank is ready to cut interest rates later this month. Photo: AP

Meantime, the Fed has come under growing pressure from President Trump to aggressively cut interest rates—to boost stock markets and weaken the U.S. dollar—after the White House’s trade talks with China hit an impasse this spring. Mr. Trump had called for the Fed to cut rates by a half-point in April, but he has since said the Fed should lower rates more aggressively.

Soon after the Fed announced its rate cut, Mr. Trump lashed out at Mr. Powell on Twitter. “Jay Powell and the Federal Reserve Fail Again,” he wrote, one of 30 such statements about Fed policy since the July meeting. “No ‘guts,’ no sense, no vision! A terrible communicator!”

Mr. Powell has said the Fed doesn’t make policy decisions based on demands from political leaders and instead focuses on its congressional mandate to boost employment while keeping inflation stable. The unemployment rate, at 3.7%, is near a half-century low, while inflation, excluding volatile food and energy categories, has been running around 1.6%, according to the Fed’s preferred gauge, below its 2% target.

Donald J. Trump

@realDonaldTrump

Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!

17.9K people are talking about this

Separately, the Fed announced steps designed to boost liquidity in short-term funding markets after the central bank was twice forced this week to inject cash into money markets to pull down interest rates.

The Fed’s benchmark rate rose to 2.3% on Tuesday, trading outside of its range of 2% to 2.25%, after technical factors and monetary and regulatory changes created shortages of funds for banks.

Earlier Wednesday, the New York Fed injected $75 billion in cash into money markets, following a $53 billion infusion on Tuesday.

At the two-day meeting, the Fed’s rate-setting committee lowered a separate interest rate paid to banks on deposits, known as reserves, held at the Fed, which could reduce banks’ demand for that cash and increase their lending in other money markets. The committee cut that rate and another borrowing rate by 0.3 percentage point, larger than the 0.25 percentage-point reduction in the fed-funds target.

Trump Says Fed Should Cut Rates to ‘Zero, or Less,’ Attacks Jerome Powell Again

Some economists warn president’s push might send up long-term Treasury yields, making it harder to achieve goal of locking in low rates

WASHINGTON—President Trump renewed his call for lower interest rates and his criticism of the Federal Reserve on Wednesday, by pressing for the central bank to cut short-term rates to “ZERO, or less,” negative rates that the U.S. avoided even after the 2008 financial crisis.

For weeks, Mr. Trump has pushed for lower rates to help cushion the economy against fears of a broader global slowdown. On Wednesday, he introduced a different argument for rate cuts by saying it would allow the U.S. to lock in lower interest rates for a longer period of time.

“We should then start to refinance our debt,” he wrote on Twitter, arguing it would reduce interest costs “while at the same time substantially lengthening the term.”

But some economists, including one of Mr. Trump’s former advisers, warned that his push for lower short-term interest rates might make it harder to achieve the stated goal of locking in lower rates, because it could send up long-term Treasury yields.

The tweets marked the latest escalation of Mr. Trump’s pressure on the Fed and attacks on Chairman Jerome Powell, whom the president picked for the post in 2017. Mr. Trump said the U.S. should always be paying the lowest rate and complained that the “naivete” of Mr. Powell and the Fed means that this was a “once in a lifetime opportunity that we are missing because of ‘Boneheads.’ ”

A Fed spokeswoman declined to comment on the tweets. Mr. Powell has previously defended the Fed’s tradition of independence from political pressure.

Donald J. Trump

@realDonaldTrump

The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet…..

Donald J. Trump

@realDonaldTrump

….The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.”

After cutting their benchmark interest rate in July by a quarter percentage point, Fed officials are gearing up to cut rates again, likely by another quarter point, at their Sept. 17-18 policy meeting.

Mr. Powell framed the July decision to lower the Fed’s benchmark short-term rate to a range between 2% and 2.25% as a “mid-cycle adjustment.” The global growth and trade outlook has deteriorated since then amid an escalation in Mr. Trump’s trade war with China.

SHARE YOUR THOUGHTS

How do you think another rate reduction might affect the U.S. economy? Join the conversation below.

Economists warn that pushing short-term interest rates to near zero could signal that Fed officials expect a much deeper economic downturn.

“That could have the unintended consequence of triggering a major drop in confidence in the economy that could precipitate a recession, which would have the opposite effect,” said Diane Swonk, chief economist at Grant Thornton.

Lowering rates all the way to zero now, when the economy is still on solid footing, could also leave the Fed without any ammunition if an actual recession hits, Ms. Swonk said.

Some economists were also skeptical that pushing interest rates to zero would actually lead to lower interest costs on government debt.

Mr. Trump has previously floated the idea of refinancing the U.S.’s nearly $17 trillion in publicly held debt, which has jumped in the wake of Republican tax cuts and bipartisan budget deals that boosted federal deficits.

“I would like to see the rates be low and pay amortization, pay off debt,” Mr. Trump said in an October 2018 interview with The Wall Street Journal, complaining that the Fed had made this difficult by raising rates several times in recent years.

Debt-servicing costs are one of the fastest growing drivers of federal spending: Interest payments have increased nearly 10% so far this fiscal year, totaling $497.2 billion through July, roughly $1.6 billion a day, according to the Treasury Department.

It isn’t exactly clear what Mr. Trump envisions. Sovereign debt is different from mortgage debt, and can’t be renegotiated to reduce monthly payments or pay debt off early. But the Treasury can replace maturing government securities with new, long-term debt at lower interest rates, which could bring down costs.

“The Treasury should start issuing debt in much longer terms,” said Stephen Moore, an economic adviser to Mr. Trump’s 2016 campaign who at one point was under consideration for a slot on the Fed board, in a Wall Street Journal op-ed last month. “This would lock in today’s low interest rates on the national debt for 10, 20, 30 years or perhaps even longer.”

Ernie Tedeschi, an economist at Evercore ISI, said such an idea makes sense, but it is something that the Treasury is already doing. The average length to maturity of publicly held federal debt has risen to 66 months, from 46 months at the height of the 2008 financial crisis.

The Treasury has also asked an advisory group to reconsider the potential benefits of issuing ultra-long bonds, as other countries have done.

Lowering the Fed’s benchmark federal-funds rate to zero wouldn’t automatically translate to lower interest rates on government debt, which is determined by bond markets, Mr. Tedeschi said. While short-term interest costs would likely fall, “it could be that the 10-year [Treasury note] goes up because markets are more confident in the Fed management of the economy,” he said, a shift that would lead to higher interest costs.

Paul Winfree, the director of the Heritage Foundation’s Roe Institute for Economic Policy Studies and a former budget adviser to Mr. Trump, said the president’s argument is “economically inaccurate.”

“Treasury has to offer interest rates that will attract buyers,” he said. “If all of a sudden we decide to roll over all of our debt, well, that will surely influence the interest rate on the debt. Like if all of a sudden every household in America decided to refinance.”

Mr. Trump said last month that the Fed should cut its benchmark interest rate by at least a full percentage point and resume its crisis-era program of buying bonds to lower long-term borrowing costs. Such moves would typically be considered only when the economy faces a substantial downturn.

Wednesday’s comments are the first time Mr. Trump has called for rates below zero. In response to a reporter’s question several weeks ago, Mr. Trump said he didn’t want negative rates.

Yields in some countries, including Germany, France and the Netherlands, have fallen below zero already. On Tuesday, JPMorgan Chase & Co. Chief Executive James Dimon said the bank has begun discussing what fees and charges it could introduce if interest rates go to zero or lower. Even during the last recession, the Fed didn’t employ negative rates.

Mr. Trump and White House officials have said they don’t believe the U.S. is headed toward a slowdown, but also have floated other ideas, such as tax cuts, to boost the economy.

A rate cut of the magnitude Mr. Trump is calling for hasn’t happened since the global financial crisis in late 2008.

In comments last week, Mr. Powell said the U.S. economy faced a favorable outlook despite significant risks from weaker global growth and trade uncertainty.

https://www.wsj.com/articles/trump-says-fed-should-reduce-rates-to-zero-or-less-11568201306

Story 2: Federal Reserve Injects Billion Into The Economy in Overnight Repo Operation — Videos

Fed accepts $75 billion of $80 billion in bids in repo operation

NY Fed concludes first repo in 11 years amid liquidity concerns

The Fed has cut rates, so what’s next for the markets?

Top strategist: ‘Biggest bubble ever’ just burst. Here’s what happens next

BITCOIN. And Here We Go! FED Prints $128 Billion To “Calm The Financial Markets”

 

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market

“It’s unprecedented, at least in the post-crisis era,” said Mark Cabana, rates strategist at Bank of America Merrill Lynch.
On Tuesday morning, the NY Fed launched what’s called an “overnight repo operation,” during which the central bank attempts to ease pressure in markets by purchasing Treasuries and other securities. The goal is to pump money into the system to keep borrowing costs from creeping above the Fed’s target range.
The first attempt by the NY Fed was canceled because of “technical difficulties.” Minutes later, the NY Fed successfully injected $53 billion into the system.
The episode demonstrates evidence of emerging strains in financial markets and raises concern that the Federal Reserve could be losing its grip on short-term rates.
“The funding markets are clearly stressed,” said Guy LeBas, managing director of fixed income strategy at Janney Capital Markets. “It’s going to require Fed action.”
The NY Fed announced plans late Tuesday to hold another repurchase agreement operation on Wednesday that would aim to repurchase up to an additional $75 billion.

Rates spike

The rate on overnight repurchase agreements hit 5% on Monday, according to Refinitiv data. That’s up from 2.29% late last week and well above the target range set in July by the Federal Reserve, which is 2% to 2.25%. The surge continued Tuesday, with the overnight rate hitting a high of 10% before the NY Fed stepped in.
Although it doesn’t get as much attention as the Dow or the 10-year Treasury rate, this overnight market plays a central role in modern finance. It allows banks to quickly and cheaply borrow money, for short periods of time, often to buy bonds like Treasuries. This market broke down during the 2008 financial crisis.
However, analysts drew a distinction between the current period of stress and what happened during the crisis. Back then, investors were deeply worried about the financial health of banks. Today, banks are hauling in record profits and balance sheets look sturdy.
It’s unclear what exactly is causing the stress in the overnight market, or how long it will last.
“No one knows why this is happening,” Jim Bianco CEO of Bianco Research, said on Twitter. “If it persists more than another day or two, it will be a problem.”

$1 trillion deficits and paying Uncle Sam

There are some theories.
Cabana, the Bank of America analyst, blamed the spike in overnight lending rates on the Fed badly underestimating the amount of cash needed to keep the financial system operating smoothly.
“The Fed just made a policy mistake,” Cabana said. “There is not enough cash in the banking system for the banks to meet all of their liquidity and regulatory needs. I’m not that worried, because the Fed will fix it.”
The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed.
The rate spike may also be a symptom of the sharp increase in Treasury bonds being issued to fund the federal government. The federal deficit has spiked to $1 trillion this fiscal year because of the tax cuts and surge in government spending.
Banks typically buy Treasuries by borrowing in the overnight market. The jump in Treasury issuance caused a large increase in demand for short-term financing.
“The fundamental issue is there are just too many darn Treasuries out there,” Cabana said. “Both parties are to blame. The $1 trillion deficit will keep this an issue.”

The return of QE?

No matter the cause, more Fed action may be needed, including additional temporary NY Fed operations.
“They may have to do the same thing tomorrow morning,” said LeBas.
The Fed may also need to lower the interest it pays on excess bank reserves, or IOER. Bank of America Merrill Lynch predicted the Fed will cut this rate slightly on Wednesday.
“That’s like a Band-Aid,” Cabana said.
As a longer-term solution, Barclays and Bank of America expect the Fed to begin expanding its balance sheet again by purchasing Treasuries. The Fed’s bond buying program, known as quantitative easing, or QE, was launched during the financial crisis to keep borrowing costs extremely low. As the economy healed, the Fed reversed course and started to shrink its balance sheet.
Cabana doesn’t think the Fed will call this QE, though he said it will work the same way. The central bank will grow its balance sheet by purchasing Treasuries.
“The Fed won’t admit this,” Cabana said, “but it looks and smells an awful lot like the monetary authority is financing the fiscal authority.”

 

Story 3: The Ranting Former Trump National Security Adviser John Bolton — Neoconservative Interventionist War Monger — Videos

John Bolton and Donald Trump
President Donald Trump and and his former national security adviser, John Bolton. | Alex Wong/Getty Images

EXCLUSIVE

Bolton unloads on Trump’s foreign policy behind closed doors

The recently fired national security adviser made little secret of his disagreements with the president.

John Bolton, President Donald Trump’s fired national security adviser, harshly criticized Trump’s foreign policy on Wednesday at a private lunch, saying inviting the Taliban to Camp David sent a “terrible signal” and that it was “disrespectful” to the victims of 9/11 because the Taliban had harbored al Qaeda.

Bolton also said that any negotiations with North Korea and Iran were “doomed to failure,” according to two attendees.

All the North Koreans and Iranians want to do is negotiate for relief from sanctions to support their economies, said Bolton, who was speaking before guests invited by the Gatestone Institute, a conservative think tank.

“He ripped Trump, without using his name, several times,” said one attendee. Bolton didn’t immediately respond to a request for comment.

Bolton also said more than once that Trump’s failure to respond to the Iranian attack on an American drone earlier this summer set the stage for the Islamic Republic’s aggression in recent months.

At one point, Bolton, a previous chairman of Gatestone, suggested that had the U.S. retaliated for the drone shootdown, Iran might not have damaged the Saudi oil fields.

Bolton called the alleged attack on Saudi Arabia, which U.S. and Saudi officials have blamed on Iran, “an act of war” by anyone’s definition.

The former national security adviser’s comments come on the same day Trump named his successor, hostage negotiator Robert C. O’Brien.

Speaking on an airport tarmac in Los Angeles, Trump introduced his new top foreign policy aide as “highly respected” and hailed their “good chemistry.” The remarks indicated that in O’Brien, Trump sees a more compatible adviser than Bolton, whose disagreements with the president and clashes with other senior officials often spilled into public view.

After the attack in June, Trump was poised to launch a military response against the Iranians — strongly urged by Bolton — but pulled back after Fox News host Tucker Carlson and others warned him that it was a bad idea.

During Wednesday’s luncheon, Bolton said the planned response had gone through the full process and everybody in the White House had agreed on the retaliatory strike.

But “a high authority, at the very last minute,” without telling anyone, decided not to do it, Bolton complained.

Bolton spoke to around 60 Gatestone donors at the exclusive restaurant Le Bernardin in Manhattan. Attendees included noted lawyer Alan Dershowitz and his wife Carolyn, former attorney general Michael Mukasey, Newsmax CEO Chris Ruddy, First Amendment lawyer Floyd Abrams, former Fox News host John Stossel, former New York Lt. Gov. Betsy McCaughey and New York billionaire John Catsimadis.

Billionaire Rebekah Mercer introduced Bolton as “the best national security adviser our country could have hoped for,” garnering her very loud applause. Bolton had been scheduled to speak to the group before Trump fired him.

In his talk and the Q&A session that followed, Bolton took attendees through a number of global issues.

On Afghanistan, another frequent subject of disagreement with the president, Bolton said that the U.S. should not have pursued a peace deal with the Taliban.

Instead, he said, the U.S. should keep 8,600 troops in Afghanistan with intelligence support and other support elements. He called the proposed deal that was on the table similar to the agreement the Taliban offered the U.S. after 9/11, but said “it doesn’t make any sense.”

More than once, Bolton said, Israel would “sooner or later” see a new government, even though he personally liked Israeli Prime Minister Benjamin Netanyahu.

On Venezuela, a focus of his short White House tenure, Bolton claimed there were 20,000 to 25,000 Cuban troops in the South American country. The day they left, he predicted, the Nicholas Maduro regime would fall by midnight.

He also said that if British Labour leader Jeremy Corbyn were to become prime minister, it would be “fatal to the special relationship” between the U.S. and Britain.

During the Q&A session, Dershowitz told the crowd that it was “a national disaster” that Bolton had been booted from the White House, to what the attendee described as “thunderous applause.”

https://www.politico.com/story/2019/09/18/bolton-trump-foreign-policy-1501932

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The Pronk Pops Show 1319, September 13, 2019, Story 1: The Winner of The 2020 Presidential Democrat Candidates Third Debate — And The Winner Is — President Trump in A Landslide — Videos

Posted on September 17, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Abortion, Amy Klobuchar, Applications, Bernie Sanders, Blogroll, Breaking News, Bribes, Business, Climate, Climate Change, Communications, Computers, Congress, Corey Booker, Corruption, Countries, Crime, Donald J. Trump, Donald J. Trump, Donald Trump, Elizabeth Warren, Extortion, Hardware, High Crimes, House of Representatives, Joe Biden, Kamala Harris, Pete Buttigieg, Servers, Software, United Kingdom, United States of America | Tags: , , , , |

 

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Story 1: The Winner of The 2020 Presidential Democrat Candidate Debate — And The Winner Is — President Trump in A Landslide  — Videos

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A Final Look At Who Won The Third Democratic Debate

We partnered with Ipsos to poll voters before and after the candidates took the stage.

If something is going to shake up the race before the Iowa caucuses, it’s likely to be a debate. So we partnered with Ipsos to once again track how Thursday’s debate, hosted by ABC News, affected likely primary voters’ feelings about the candidates. The FiveThirtyEight/Ipsos poll, conducted using Ipsos’s KnowledgePanel, interviewed the same group of voters twice to capture both the “before” and “after” picture of the debate.

POST-DEBATE REACTIONS

The over- (and under-) performers

How favorably all likely primary voters felt about each candidate before the debate vs. how well respondents who watched the debate thought each candidate did

somewhat unfavorableneutralsomewhat favorablesomewhat badneutralsomewhat goodvery goodTrendBidenBookerButtigiegCastroHarrisKlobucharO’RourkeSandersWarrenYangBidenBookerButtigiegCastroHarrisKlobucharO’RourkeSandersWarrenYangPre-debate favorabilityDebate performance

To better understand which candidates did well or poorly Thursday night, we plotted how favorably respondents rated the candidates before the debate vs. how debate-watchers rated their performance. Warren was one of the better-liked candidates going into the debate, but her performance was still rated higher than we’d expect based on her favorability alone. The same was true of Booker, Buttigieg and (especially) O’Rourke. Interestingly, Klobuchar didn’t get a great debate rating, but it’s not bad considering her pre-debate favorability, which was pretty neutral. Biden and Sanders are very popular with Democrats but failed to get correspondingly high scores on their debate performance, while Castro stands out for getting the worst debate grade — even considering his relatively lukewarm favorability rating going in.

The numbers behind the chart

CANDIDATE PRE-DEBATE FAVORABILITY DEBATE PERFORMANCE
Elizabeth Warren 70.2% 3.3
Pete Buttigieg 65.7 3.1
Beto O’Rourke 58.9 3.1
Cory Booker 59.8 3.0
Bernie Sanders 66.3 3.0
Joe Biden 67.6 3.0
Kamala Harris 61.8 2.9
Amy Klobuchar 52.8 2.8
Andrew Yang 56.3 2.7
Julián Castro 58.0 2.5

In terms of raw debate grades — respondents graded on a four-point scale (higher scores are better) — Warren, Buttigieg and O’Rourke did best. Booker, Sanders, Biden and Harris did fine.

Who gained (and lost) support

Share of respondents who are considering voting for each candidate

BEFORE DEBATEAFTER DEBATE
0%102030405060Joe Biden56.6%56.6%55.8%55.8%Elizabeth Warren44.4%44.4%46.8%46.8%Bernie Sanders41.8%41.8%40.2%40.2%Kamala Harris27.7%27.7%25.2%25.2%Pete Buttigieg21.7%21.7%23.2%23.2%Beto O’Rourke15.6%15.6%16.1%16.1%Cory Booker13.4%13.4%14.4%14.4%Andrew Yang9.1%9.1%9.9%9.9%Amy Klobuchar6.4%6.4%7.7%7.7%Julián Castro7.9%7.9%6.8%6.8%

Respondents could pick multiple candidates.

The field may be shrinking, but many voters are still considering multiple candidates. Overall, we didn’t see huge shifts in the wake of the third debate, but there was some movement. Warren got the biggest increase — 2.4 percentage points — in the share of likely Democratic primary voters who are considering supporting her. Buttigieg and Klobuchar each gained a little over a point in potential support — 1.5 points for him and 1.3 points for her. Harris, meanwhile, saw the biggest drop in potential supporters, declining 2.5 points. Biden’s support barely budged; neither did O’Rourke’s, even though the former representative got positive marks for his performance.

Who voters think can beat Trump

Respondents’ estimates of the likelihood, from 0 percent (impossible) to 100 percent (certain), that each candidate would beat Trump

Joe Biden
20400%100%Absolutely certainto lose to TrumpAbsolutely certainto beat TrumpOutline showspre-debate results
Bernie Sanders
20400%100%
Elizabeth Warren
20400%100%
Kamala Harris
20400%100%
Beto O’Rourke
20400%100%
Pete Buttigieg
20400%100%
Cory Booker
20400%100%
Julián Castro
20400%100%
Amy Klobuchar
20400%100%
Andrew Yang
20400%100%

We also asked respondents to estimate each Democrat’s chances of defeating President Trump — from 0 percent to 100 percent. Polls show Democratic primary voters are prioritizing “electability,” but who do they think is electable? As you can see in the chart above, Klobuchar, who had one of the lower average scores going into the debate, saw fewer respondents say she had zero chance of defeating Trump. Buttigieg likewise had fewer people rate him as having no chance. Biden and Sanders, meanwhile, saw a small drop in the share of respondents who said they were certain those candidates would beat Trump.

Respondents’ average rating of candidates’ chances vs. Trump

CANDIDATE PRE-DEBATE AVERAGE POST-DEBATE AVERAGE DIFF
Joe Biden 68.3 67.4 -0.9
Bernie Sanders 55.7 55.0 -0.7
Elizabeth Warren 51.4 53.0 +1.6
Kamala Harris 40.2 40.4 +0.2
Beto O’Rourke 33.6 34.9 +1.3
Pete Buttigieg 33.4 34.3 +0.8
Cory Booker 32.0 33.2 +1.2
Julián Castro 25.4 26.1 +0.8
Amy Klobuchar 23.3 25.3 +2.1
Andrew Yang 23.1 24.5 +1.4

There wasn’t much movement in respondents’ average estimates of how likely each candidate would be to defeat Trump in the general election. Most candidates saw their average likelihood increase, but only marginally. Klobuchar saw the largest bump, 2.1 percentage points, followed by Warren and Yang.

The popularity contest

Candidates’ favorable and unfavorable ratings among likely primary voters

Unfavorable
Favorable
Before debate
After debate
Joe Biden
69.1%
23.4%
70.7%
23.6%
Bernie Sanders
68.0%
24.0%
69.0%
24.7%
Elizabeth Warren
63.8%
15.3%
68.5%
15.6%
Kamala Harris
51.8%
20.4%
55.1%
22.6%
Pete Buttigieg
43.9%
11.7%
49.4%
13.6%
Beto O’Rourke
43.2%
19.3%
49.8%
18.6%
Cory Booker
42.7%
16.0%
48.2%
18.8%
Julián Castro
32.2%
12.4%
33.0%
23.4%
Andrew Yang
28.4%
13.6%
34.9%
20.4%
Amy Klobuchar
25.1%
17.0%
32.4%
20.6%

We asked likely Democratic primary voters how favorably they felt about each candidate both before and after the debate. As you can see, among the polling front-runners, Biden and Sanders’s favorability ratings remained relatively unchanged, while Warren’s net favorability (favorable rating minus unfavorable rating) jumped by a little over 4 points. In fact, only O’Rourke fared better than Warren; his net favorability rating increased a little over 7 points. But not all candidates made a positive impression. Castro’s net favorability, for instance, dropped by 10 points this time, after getting a big boost in the first debate.

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The Pronk Pops Show 1317, September 11, 2019, Story 1: Supreme Court in 7-2 Decision Sides With President Trump Policy Preventing Most Central American Illegal Aliens from Seeking Asylum in United States — Yes We Can Seal The U.S. Border — Betrayal of American Workers By Democrat Party — Videos — Story 2: Supreme Court Chief Justice Roberts Sides With Liberal Justices Not American People To Bar 2020 Census Question on Citizenship — Videos — Story 3 : President Trump Temporarily Delays For Two Weeks New Tariffs on $250 Billion of Chinese Goods from 25% to 30% — Videos — Story 4: Remembering The People Who Died on 911 — Videos

Posted on September 13, 2019. Filed under: 2020 President Candidates, 2020 Republican Candidates, American History, Applications, Banking System, Blogroll, Bombs, Breaking News, Budgetary Policy, Business, Cartoons, China, Computers, Congress, Constitutional Law, Corruption, Countries, Culture, Disasters, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Empires, Employment, European History, Fifth Amendment, First Amendment, Fiscal Policy, Foreign Policy, Fourth Amendment, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Hardware, Health, History, House of Representatives, Human, Human Behavior, Illegal Immigration, Immigration, Investments, Language, Law, Legal Immigration, Life, Lying, Media, Mexico, Military Spending, National Interest, News, People, Philosophy, Photos, Politics, Public Relations, Radio, Raymond Thomas Pronk, Regulation, Rule of Law, Second Amendment, Security, Senate, Servers, Social Networking, Software, South America, Tax Policy, Taxation, Taxes, Technology, Terror, Terrorism, Unemployment, United States Constitution, United States Supreme Court, Videos, War, Wealth, Weapons of Mass Destruction, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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See the source imageAn American flag was draped over the Pentagon building at dawn on Wednesday; 184 people were killed there on September 11, 2001 when terrorists crashed an airliner into the buildingSee the source image

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Story 1: Supreme Court in 7-2 Decision Sides With President Trump Policy Preventing Most Central American Illegal Aliens from Seeking Asylum in United States — Videos

Supreme Court Sides With Trump Over Immigration

Trump hails ‘big victory’ in Supreme Court asylum order

Supreme Court Sides With Donald Trump

Illegal Immigration: It’s About Power

Tucker: Illegal immigration is literally costing US big-time

Illegal immigration costs America $116B every year: Kristin Tate

The High Cost of Illegal Immigration

Published on Feb 17, 2011

Tucker: Why didn’t we know truth about illegals and crime?

Published on Dec 21, 2017

Why Trump Won

Riding ‘The Death Train’ to America’s border

Illegal border crossings by immigrants are constant in Roma, Texas

Inside a raid on Texas home with 62 undocumented immigrants

Immigration Gumballs Short Version

Immigration by the Numbers — Off the Charts

Immigration World Poverty and Gumballs 2010 – Immigration Doesn’t Work

Living on US-Mexico Border, Native Americans Face Daily Struggles

Published on Jun 28, 2013

BRASS TACKS ON IMMIGRATION

How Many Illegal Aliens Are in the US? – Walsh – 1

How Many Illegal Aliens Are in the US? – Walsh – 2

The Truth About Immigration: What They Won’t Tell You!

 

Supreme Court allows broad enforcement of Trump asylum rule

today

FILE – In this July 16, 2019, file photo, The Supreme Court is seen in Washington.
 The Supreme Court is allowing nationwide enforcement of a new Trump administration rule that prevents most Central American migrants from seeking asylum in the United States.

The justices’ order late Wednesday temporarily undoes a lower court ruling that had blocked the new asylum policy in some states along the southern border. The policy is meant to deny asylum to anyone who passes through another country on the way to the U.S. without seeking protection there.

Most people crossing the southern border are Central Americans fleeing violence and poverty. They are largely ineligible under the new rule, as are asylum seekers from Africa, Asia and South America who arrive regularly at the southern border.

“BIG United States Supreme Court WIN for the Border on Asylum!” President Donald Trump tweeted.

Justices Ruth Bader Ginsburg and Sonia Sotomayor dissented from the high-court’s order.

“Once again, the Executive Branch has issued a rule that seeks to upend longstanding practices regarding refugees who seek shelter from persecution,” Sotomayor wrote.

The legal challenge to the new policy has a brief but somewhat convoluted history. U.S. District Judge Jon Tigar in San Francisco blocked the new policy from taking effect in late July. A three-judge panel of the 9th U.S. Circuit Court of Appeals narrowed Tigar’s order so that it applied only in Arizona and California, states that are within the 9th Circuit.

That left the administration free to enforce the policy on asylum seekers arriving in New Mexico and Texas. Tigar issued a new order on Monday that reimposed a nationwide hold on asylum policy. The 9th Circuit again narrowed his order on Tuesday.

The high court action allows the Republican administration to impose the new policy everywhere while the court case against it continues.

It’s unclear how quickly the policy will be rolled out and how exactly it fits in with the other efforts by the administration to restrict border crossings and tighten asylum rules.

For example, thousands of people are waiting on lists at border crossings in Mexico to claim asylum in the U.S. And acting U.S. Customs and Border Protection Commissioner Mark Morgan said Thursday that 45,000 people have been turned back to Mexico to wait out their asylum claims.

Asylum seekers must pass an initial screening called a “credible fear” interview, a hurdle that a vast majority clear. Under the new policy, they would fail the test unless they sought asylum in at least one country they traveled through and were denied. They would be placed in fast-track deportation proceedings and flown to their home countries at U.S. expense.

The American Civil Liberties Union lawyer who is representing immigrant advocacy groups in the case, Lee Gelernt, said: “This is just a temporary step, and we’re hopeful we’ll prevail at the end of the day. The lives of thousands of families are at stake.”

Morgan said Trump and his administration are “doing everything that they can” to address what he described as the crisis on the U.S. border with Mexico.

Migrants with valid claims “should be seeking help and asylum from the first country they come in contact with,” Morgan said Thursday on Fox News Channel’s “Fox and Friends.” ″They shouldn’t be paying the cartels thousands of dollars and risking their lives to take a 1,000-mile journey across several countries to get help. We want them to get help and seek asylum in the first country they get to.”

Justice Department spokesperson Alexei Woltornist said the agency was “pleased that the Supreme Court intervened in this case,” adding, “This action will assist the Administration in its objectives to bring order to the crisis at the southern border, close loopholes in our immigration system, and discourage frivolous claims.”

https://apnews.com/a817cf3affb04f3d8ad3c4940366a5fe

Mexico pushes back after top U.S. court favors Trump on shunning migrants

by Reuters
Thursday, 12 September 2019 21:28 GMT

By Lizbeth Diaz and Stefanie Eschenbacher

MEXICO CITY, Sept 12 (Reuters) – The Mexican government protested and Central American migrants feared deportation back to their violent homelands on Thursday after the U.S. Supreme Court allowed President Donald Trump to slam the door on asylum-seekers at the U.S.-Mexican border.

The court on Wednesday found that Trump’s restrictive asylum rule could go into effect nationwide while a lawsuit challenging its underlying legality proceeds, handing the president a victory as he brandishes his anti-immigration credentials for the November 2020 presidential election.

The rule requires immigrants who want asylum to first seek safe haven in a third country through which they travel on the way to the United States, enabling the United States to combat a record surge in Central American asylum-seekers.

Trump’s immigration crackdown has animated his base of supporters while immigrant advocates in the United States fear the court decision will endanger the lives of migrants, many of them fleeing poverty, street gangs and domestic violence in Honduras, Guatemala and El Salvador.

With the threat of automatic rejection hanging over the most recent arrivals, thousands of migrants are cramped into shelters or sleeping in the streets of Mexican border cities in places such as the state of Tamaulipas, where the U.S. State Department has placed a “do not travel” advisory due to violent crime similar to its warnings against visiting war-torn Sudan or Syria.

One asylum-seeker from El Salvador who staying in a Tijuana shelter while awaiting her immigration hearing in San Diego said she could only hope to God she would not be sent back.

“I’m very scared, I hope this won’t affect me. I cannot return to my country, they tried to rape me there twice because I am a lesbian and the last time I ended up in a hospital in intensive care,” said Veronica Martinez, 23. “I trust in God that the court’s decision does not affect me.”

The Mexican government also pushed back against the U.S. high court’s action, one that could create a new headache for Mexico.

“This is the ruling by the court, it’s a U.S. issue, and obviously we don’t agree with it, we have a different policy,” Foreign Minister Marcelo Ebrard told a news conference.

TENSE RELATIONS

The court’s decision comes at a delicate time for Mexican-U.S. relations. Under Trump’s threat of imposing tariffs, Mexico has agreed to house many of the surging number of Central American asylum-seekers south of the border pending their U.S. hearings.

That gesture has led to a sharp decline in U.S. apprehensions and rejections of migrants at the border, winning Mexico praise from Trump following a White House meeting on Tuesday.

But Mexico has resisted U.S. pressure to sign a formal “safe third country” agreement that would commit it to hearing the asylum cases of migrants from Central American and elsewhere, a move that would take even more pressure off the U.S. border.

The downside for Mexico is that the buildup of migrants at the northern border is putting stress on schools, health clinics and housing.

“We have seen outbreaks of acts of xenophobia in Mexico that did not exist before, mainly in the north of the country,” said Israel Ibarra, an immigration expert with the Continente Movil consultancy in Tijuana.

Francisco Gallardo, director of the Casa de Migrantes shelter in Reynosa, said migrants are sleeping in tents beside a bridge linking the two countries and are sure to grow more discouraged by the Supreme Court decision.

“We’ll see what measures can be taken because there are about 500 people next to the bridge,” Gallardo said.

Under the so-called Migrant Protection Protocols, the U.S. government built temporary, soft-sided courthouses near the border ports of entry in Laredo and Brownsville, Texas, and started hearing cases this week.

In Harlingen, Texas, Judge Delia Gonzalez took the bench Thursday, linked by video conference to a courtroom 30 miles (50 km) away in Brownsville.

She heard the cases of two Salvadorans who crossed from Mexico into south Texas in August, were arrested by U.S. officers, and returned to the Mexican border town of Matamoros.

A Salvadoran woman said she had received cruel threats from gangs, and Gonzalez asked if she feared returning.

“Yes, a lot,” the woman said.

After brief hearings, she and a Salvadoran man were given court dates to appear again in October. (Reporting by Stefanie Eschenbacher, Lizbeth Diaz, Adriana Barrera and Delphine Schrank in Mexico City and Mitchell Ferman in Harlingen, Texas; Writing by Daniel Trotta; Editing by Howard Goller and Alistair Bell)

Story 2: Supreme Court Chief Justice Roberts Sides With Liberal Justices Not American People To Bar 2020 Census Question on Citizenship — Videos —

See the source imageSee the source imageSee the source image

See the source imageSee the source image

John Roberts Reportedly Switched Vote To Kill Census Citizenship Question – Breaking News

President Trump wants to delay the 2020 census

U.S. Supreme Court Rules on Census Question and Partisan Gerrymandering

Supreme Court Backs Partisan Voting Maps, Puts Census Citizenship Question on Hold

Exclusive: How John Roberts killed the census citizenship question

Story 3 : President Trump Temporarily Delays For Two Weeks New Tariffs on $250 Billion of Chinese Goods from 25% to 30% — Videos —

Trump Delays New Tariffs on Chinese Goods Until Oct. 15

Trump delays tariffs on $250 bln of Chinese imports until Oct. 15

Donald Trump delays enforcing tariffs on $250billion worth of goods from China until October 15 as a sign of ‘good will’

  • President Trump will delay an upcoming increase in tariffs on China
  • The tariffs on $250billion worth of goods was set to go in affect October 1
  • But Trump tweeted Wednesday that he will push it back to October 15 as a sign of ‘good will’ and at the request of Beijing
  • He said it is due to the fact that the  People’s Republic of China will be celebrating their 70th Anniversary

President Trump will delay an upcoming increase in tariffs on $250billion worth of goods from China as a ‘gesture of good will’.

Trump tweeted Wednesday that he would push back tariffs set to go into effect on October 1, by two weeks to October 15.

He said he is doing so at the request of Chinese Vice-Premier Liu He because the People’s Republic of China will be celebrating its 70th anniversary on October 1.

‘At the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary…on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.’

President Trump will delay an upcoming increase in tariffs on $250billion worth of goods from China at the request of Beijing

President Trump will delay an upcoming increase in tariffs on $250billion worth of goods from China at the request of Beijing

Trump tweeted Wednesday that he will push it back to October 15 as a sign of 'good will' and at the request of Beijing

 

Trump tweeted Wednesday that he will push it back to October 15 as a sign of ‘good will’ and at the request of Beijing

Last month Vice Premier Liu He said he was willing to resolve its trade dispute with the United States through ‘calm’ negotiations and resolutely opposes the escalation of the conflict.

President Trump announced an additional duty on some $550billion of targeted Chinese goods last month, hours after China unveiled retaliatory tariffs on $75billion worth of US goods.

 However, Trump did back off on his threat to order U.S. companies out of China.

Vice Premier Liu He said last month that China is willing to resolve its trade dispute with the United States through ‘calm’ negotiations and opposes escalating the conflict

‘We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war,’ Liu, who is President Xi Jinping’s top economic adviser, said, according to a government transcript.

‘We believe that the escalation of the trade war is not beneficial for China, the United States, nor to the interests of the people of the world,’ he added.

U.S. companies are especially welcome in China, and will be treated well, Liu said.

‘We welcome enterprises from all over the world, including the United States, to invest and operate in China,’ he added.

‘We will continue to create a good investment environment, protect intellectual property rights, promote the development of smart intelligent industries with our market open, resolutely oppose technological blockades and protectionism, and strive to protect the completeness of the supply chain.’

https://www.dailymail.co.uk/news/article-7454439/President-Trump-delays-increase-China-tariffs-October-15.html

 

Story 4: Remembering The People Who Died on 911 — Videos

President Trump honors 9/11 victims and heroes at Pentagon

President Trump, First Lady participate in 9/11 Pentagon Observance Ceremony

Watch: Trump, Pence participate in 9/11 commemoration ceremonies

I watched the second plane strike the World Trade Center says Donald Trump as he and Melania observe 9/11 at the White House and Pentagon while the nation’s heartbeat pauses to remember terror attacks

  • The first couple held hands and bowed their heads for a moment of silence on the South Lawn of the White House
  • The president motorcaded to the Pentagon and laid a wreath before observing another silent moment while an Army officer read the names of the fallen
  • Then he spoke, recalling what he said was a moment on Sept. 11, 2001 when he witnessed the second of two airliners flying into the World Trade Center 
  • Trump has made similar claims before, saying he watched doomed Americans leap to their deaths; he would have seen that from a distance of more than 4 miles 
  • Remembrances dominated Wednesday morning, 18 years after terrorists hijacked planes and flew them into American landmarks
  • Both World Trade Center twin towers fell, the west wall of the Pentagon was partially caved in, and martyrs forced a hijacked jet to crash in rural Pennsylvania rather than letting it hit the White House
  • Nearly 3,000 casualties are marked each year with a lengthy reading of names in New York City

Donald Trump recalled Wednesday during a speech at the Pentagon that he personally saw the second plane hit the World Trade Center during the 9/11 terror attacks that claimed more than 2,600 lives in New York City on September 11, 2001.

He said he had been watching a financial news channel in his penthouse apartment at Trump Tower when news of the first crash broke, and then watched from a window as the second plane epxloded in a fireball as terrorists flew it into the South Tower.

‘I was sitting at home watching a major business television show early that morning. Jack Welch, the legendary head of General Electric, was about to be interviewed when all of a sudden they cut away,’ he said.

‘Nobody really knew what happened. There was great confusion,’ Trump added. ‘I was looking out of a window from a building in midtown Manhattan, directly at the World Trade Center, when I saw a second plane at a tremendous speed go into the second tower. It was then that I realized the world was going to change.’

‘I saw the second plane hit the building and I said, “Wow that’s unbelievable”,’ he said.

The president has recalled that experience in the past, sometimes claiming to have seen doomed Americans leaping to their deaths as flames rose.

 

President Donald Trump told a Pentagon audience Wednesday during a 9/11 memorial service that he watched as terrorists flew a plane into the South Tower of the World Trade Center in 2001

President Donald Trump told a Pentagon audience Wednesday during a 9/11 memorial service that he watched as terrorists flew a plane into the South Tower of the World Trade Center in 2001

Smoke rose from the burning twin towers of the World Trade Center on September 11, 2001 after terrorists crashed their hijacked commercial airliners into the New York City skyscrapers; Trump would have seen this from a distance of more than 4 miles away in his Trump Tower penthouse apartment

Smoke rose from the burning twin towers of the World Trade Center on September 11, 2001 after terrorists crashed their hijacked commercial airliners into the New York City skyscrapers; Trump would have seen this from a distance of more than 4 miles away in his Trump Tower penthouse apartment

The deadly Pentagon crash site was visible for months after the 9/11 attacks in 2001; the terror attack caused extensive damage to the west face of the building+12

The deadly Pentagon crash site was visible for months after the 9/11 attacks in 2001; the terror attack caused extensive damage to the west face of the building

‘I have a window in my apartment that specifically was aimed at the World Trade Center, because of the beauty of the whole downtown Manhattan,’ he told an Ohio campaign crowd in 2015, ‘and I watched as people jumped, and I watched the second plane come in.’

‘Many people jumped, and I witnessed that. I watched that,’ he said then. Skeptical media fact-checkers have pointed out that he would have seen the horrible events play out from a distance of over four miles.

He and Melania Trump stood with hands over hearts on Wednesday morning before their Pentagon visit, leading White House staff in a moment of silence on the South Lawn to commemorate the 18th anniversary of the attacks.

Standing like stone pillars as a bugler played ‘Taps,’ the first couple devoted just a few minutes to the observance before heading to the Pentagon for the more expansive memorial to the Americans who died there.

At the U.S. military’s landmark headquarters, the Trumps laid a wreath while a U.S. Army officer read the names of the fallen and a sailor rang a bell for each life lost.

Remembrances of the deadly attacks are an annual skip in the nation’s heartbeat, focusing older Americans on the day the nation stood still in awestruck pain and sadness as thousands died in New York City; Arlington, Virginia; and Somerset County, Pennsylvania.

The commemoration of the 18th anniversary of the Sept. 11 terror attacks began at ground zero with a moment of silence and tolling bells.

Eighteen years after the deadliest terror attack on American soil, the nation is still grappling with the aftermath.

The impact is visible from airport security checkpoints to Afghanistan, where a post-9/11 invasion has become America’s longest war.

We will never forget: Family members took to the podium to read out the names of their loved ones who perished in the 9/11 attacks and shared anecdotes and messages to their relatives

We will never forget: Family members took to the podium to read out the names of their loved ones who perished in the 9/11 attacks and shared anecdotes and messages to their relatives

18 years later: Family members lifted photos of their loved ones along with the message 'We Will Never Forget'

18 years later: Family members lifted photos of their loved ones along with the message ‘We Will Never Forget’

New York City Fire Department (FDNY) firefighters stand in silence outside Firehouse Engine 10 Ladder company 10 on the 18th anniversary of the September 11, 2001+12

New York City Fire Department (FDNY) firefighters stand in silence outside Firehouse Engine 10 Ladder company 10 on the 18th anniversary of the September 11, 2001

Never forgotten: A woman pictured wiping away tears as she stands next to the north pool prior to Wednesday's ceremony

Never forgotten: A woman pictured wiping away tears as she stands next to the north pool prior to Wednesday’s ceremony
In New York City family members of 9/11 victims gathered at the World Trade Center to silently hear the name of each victims solemnly read aloud. Some in the crowd proudly raised photos of their loved ones.

Others, still grieving, shared anecdotes about their loved ones.

‘Donald W. Robertson Jr. Donny, words cannot express how you are missed and loved. Your legacy lives on in your four beautiful children as well as our friends and family. We choose to remember how you lived, not how you left us. God bless you all and God Bless America,’ one woman said.

Former President George W. Bush, the commander-in-chief in 2001, is expected at a separate afternoon Pentagon wreath-laying.

New York Mayor Bill de Blasio, New Jersey Govenor Phil Murphy, New York State Attorney General Letitia James and former Mayor Michael Bloomberg paid their respects at the somber Manhattan ceremony.

For millennials who came of age later, the yearly pause focuses attention on a ‘Never Forget’ historical blip that they know only through videos, school assignments and – for some – painful family histories.

‘Terror attacks can shake the foundations of our biggest buildings, but they cannot touch the foundation of America,’ Chairman of the Joint Chiefs of Staff Gen. Joseph Dunford said during a brief Pentagon speech.

‘These acts shatter steel. They cannot bend the steel of American resolve.’

President Donald Trump and First Lady Melania Trump observed a moment of silence at the White House on Wednesday to mark the 18th anniversary of the 9/11 attacks

President Donald Trump and First Lady Melania Trump observed a moment of silence at the White House on Wednesday to mark the 18th anniversary of the 9/11 attacks

Guests at the White House for the brief, solemn ceremony included staff and military aides, survivors of the 9/11 attacks and family members of those who lost their lives

Guests at the White House for the brief, solemn ceremony included staff and military aides, survivors of the 9/11 attacks and family members of those who lost their lives

The president and first lady placed a wreath and participated in a second moment of silence honoring 9/11 victims at the Pentagon

The president and first lady placed a wreath and participated in a second moment of silence honoring 9/11 victims at the Pentagon

An American flag was draped over the Pentagon building at dawn on Wednesday; 184 people were killed there on September 11, 2001 when terrorists crashed an airliner into the building

An American flag was draped over the Pentagon building at dawn on Wednesday; 184 people were killed there on September 11, 2001 when terrorists crashed an airliner into the building

The president claimed during this November 2015 campaign rally in Ohio that he watched doomed Americans leap form the World Trade Center towers ¿ more than four miles away ¿ as flames and heat rose

Flags at 1600 Pennsylvania Avenue flew at half-staff on Wednesday, and military personnel assigned to the White House saluted.

Not a word was spoken.

The Trumps clasped hands as a bell chimed three times, once for each plane that a terrorist slammed into a World Trade Center tower in New York, and once for the aircraft another hijacked plowed into the Pentagon.

Vice President Mike Pence will speak Wednesday at a separate 9/11 memorial service near Shanksville, Pennsylvania, where martyred passengers of a doomed airliner took control of their own plane back from armed Islamic militants and forced it down rather than risk hitting the White House or the U.S. Capitol.

White House guests on the 18th anniversary of the 9/11 attacks

VICTIMS’ FAMILY MEMBERS

  • Kathy Ashton, Mother of Tommy Ashton, North Tower 95th Floor
  • John Ashton, Father of Tommy Ashton, North Tower 95th Floor
  • Gail Eagleson, Wife of Bruce Eagleson, Westfield Mall Manager, last seen assisting Port Authority Police
  • Brett Eagleson, Son of Bruce Eagleson, Westfield Mall Manager, last seen assisting Port Authority Police
  • Lisa Friedman, Wife of Andrew Friedman, North Tower 92nd Floor
  • Chris Ganci, Son of Peter J. Ganci, FDNY Chief of Department
  • Patricia Kellet, Wife of Joe Kellet, North Tower
  • Kathy Wisniewski, Wife of Alan Wisnieswski, North Tower
  • Alice Hoagland, Mother of Mark Bingham, Hero of Flight 93
  • Loreen Sellitto, Mother of Matthew Sellitto, North Tower
  • Terry Strada, Mother of Tom Strada, North Town 104th Floor
  • Kaitlyn Strads, Daughter of Tom Strada, North Town 104th Floor
  • Debra Burlingame, Sister of Cpt. Chic Burlingame pilot of AA77, Pentagon
  • Debra Ann Basham, Wife of Todd Rancke, North Tower, 104th Floor

SURVIVORS

  • Tim Frolich, Survivor, South Tower 80th Floor
  • Sharon Premoli, Survivor, North Tower 80th Floor
  • Retired Law Enforcement
  • Ken Williams, FBI, Author of the Phoenix Memo, now working for 9/11 Families
  • Bassem Youssef, FBI, now working for 9/11 Families

ADDITIONAL ATTENDEES 

  • James P. Kreindler, Esquire
  • Pamela Bondi, Esquire

 

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The Pronk Pops Show 1314, Septeber 6, 3019, Story 1: Hurricane Dorian Increased Speed to 15 MPH with Top Winds of 90 MPH, Going North East, Moving On and Downgraded to Category 1 Hurricane  — Videos — Story 2: Only 130,000 Jobs Created in August, U-3 Unemployment Rate 3.7%, Civilian Labor Participation Rate Rises To 63.3% Still Way Below The 66% to 67% Labor Participation Rate of The Late 1990s and Early 2000s — Economic Real Gross Domestic Product Growth Rate Still Below U.S. Historical of Average of 3.0 to 3.5% — Federal Reserve Should Cut Fed Funds Rate By .25% in September — No Recession Until 2021 — Prediction: Trump Reelected in Landslide Victory as American People Reject Radical Extremist Democratic Socialist (REDS) Promises In Favor of Trump Promised Kept — Videos — Story 3: Universal Basic Income or Graduated Fair Tax Less With $1000 Monthly Tax Prebate — Videos

Posted on September 6, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Addiction, Addiction, American History, Applications, Banking System, Blogroll, Books, Bribery, Bribes, Cartoons, Communications, Computers, Congress, Corruption, Countries, Crime, Culture, Currencies, Defense Spending, Donald J. Trump, Donald J. Trump, Economics, Economics, Education, Elections, Empires, Employment, First Amendment, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Hardware, Health, Health Care, Health Care Insurance, History, House of Representatives, Human, Human Behavior, Illegal Immigration, Immigration, Independence, Labor Economics, Legal Immigration, Life, Media, Medicare, Mental Illness, Monetary Policy, News, People, Philosophy, Photos, Politics, Polls, Progressives, Psychology, Raymond Thomas Pronk, Rule of Law, Senate, Servers, Social Sciences, Social Security, Software, Tax Policy, Trade Policy, U.S. Dollar, United States Constitution, United States of America, Videos, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Story 1: Hurricane Dorian Increased Speed to 15 MPH with Top Winds of 90 MPH, Going North East, Moving On and Downgraded to Category 1 Hurricane  — Videos

UPDATAED September 7, 2019

The latest: A Saturday, September 7, map shows how Dorian is expected to move along New England, hitting Maine, Massachusetts, Nova Scotia and then Newfoundland, over the weekend

See the source image

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UPDATED September 5-6, 2019

Tropical weather forecast & Dorian evening update: Sept. 6, 2019

Bodies everywhere’: Harrowing account of Bahamas after Dorian

Hurricane Dorian: Witnessing Bahamas aftermath shows ‘historic tragedy’ | ITV News

Hurricane Dorian NC: Storm now just off of Wilmington, tracking the timeline of the storm

Dorian Passes Charleston, Flooding And Power Outages Major Concern | NBC News

Timeline of Hurricane Dorian thus far

The 2 PM Advisory on Hurricane Dorian has been released

Tropical weather forecast & Dorian midday update: Sept. 3, 2019

Hurricane Dorian stalls off Florida coast

Erosion still major concern for South Florida beaches due to Hurricane Dorian

Hurricane Dorian 5 a.m. advisory Sept. 3

Florida locals hunker down despite Hurricane Dorian evacuation order

Hurricane Dorian: How a survivor in Bahamas escaped

 

Slow-crawling Dorian a new kind of threat

Issam AHMED

AFP
Hurricane Dorian broke into the record books on Sunday when its maximum sustained winds of 185 mph (300 kph) tied it in second place with 1998's Gilbert and 2005's Wilma as the most powerful Atlantic storm since 1950
Hurricane Dorian broke into the record books on Sunday when its maximum sustained winds of 185 mph (300 kph) tied it in second place with 1998’s Gilbert and 2005’s Wilma as the most powerful Atlantic storm since 1950 (AFP Photo/NOAA)
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 After devastating the Bahamas, Dorian is continuing its long crawl toward the southeast US with slightly weakened winds.

So what has made this relatively small hurricane so destructive?

– Packing a punch –

Hurricane Dorian stormed into the record books on Sunday when its maximum sustained winds of 185 miles (300 kilometers) per hour tied it in second place with 1998’s Gilbert and 2005’s Wilma as the most powerful Atlantic hurricane since 1950, according to Colorado State University’s Tropical Meteorology Project.

First place is still held by 1980’s Allen, which had maximum sustained winds of 190 mph.

Dorian is also the strongest hurricane on record to make landfall in the Bahamas by pressure.

From its peak as a Category 5 on the Saffir-Simpson wind scale, it has weakened to a Category 2 storm, but the US National Hurricane Center (NHC) has warned Americans to not take it lightly.

That’s because wind speed is only one of a number of factors that make hurricanes destructive, including the storm surge and rainfall potential, as well as how long it stalls over one spot.

Dorian stalked the Bahamas for a highly unusual 18 hours, during which time it dumped in excess of 24 inches (60 cm) of rainfall, according to NASA data.

The archipelago’s northernmost island also experienced storm surges estimated by the NHC at 10- to 15-foot (3m to 4.5m) above tide levels. At least five people have so far been reported killed, though the toll is expected to rise.

– Hurricanes that stall –

While over the Bahamas, Dorian’s forward motion was at times just one mile per hour, heightening its destruction and making it harder for forecasters to predict its future path.

Kristy Dahl, a climate scientist with US advocacy group the Union of Concerned Scientists, told AFP hurricanes that stall for a long time are becoming more common, and recent studies show the phenomenon could be linked to man-made climate change.

The temperature contrast between the planet’s higher and lower latitudes is the main driver of wind. Scientists suspect that because the Arctic regions are warming faster than those at the equator, global atmospheric circulation is also falling.

Before Dorian, Harvey loitered in Texas in 2017, while Florence stalled over North Carolina last September.

A study by NASA and NOAA scientists published in June found that between 1944 and 2017, the average forward speed of hurricanes decreased by 17 percent, from 11.5 mph, to 9.6 mph.

– Climate change supercharging storms –

While the science linking climate change and hurricane stalling is cutting-edge and still under discussion, there is a far more broad consensus on the other ways that global warming is supercharging storms.

The overall number of hurricanes is not increasing, but more are going on to become powerful Category 4 and 5 storms.

There are three main factors, according to Dahl. First, the excess heat from global warming has primarily been absorbed by the oceans, meaning that storms pass over warmer water carrying more potential energy that translates into rainfall and stronger winds.

“The warming has been even more pronounced in the Atlantic Ocean, which has warmed by about 0.5 degrees Fahrenheit (0.3 degrees Celsius) per decade since the 1970s,” Dahl wrote in a blog post.

Secondly, rising sea levels make the storm surges higher and more extensive. And thirdly, warmer air holds more moisture — an example of which was seen during Hurricane Harvey, which dumped 60 inches of rainfall.

A study by US federal researchers published in the influential journal Nature in February identified another trend: hurricanes are increasingly undergoing “rapid intensification” over a short period of time, with the scientists linking the phenomenon to man-made climate change.

Dorian also rapidly intensified not once but twice over this weekend.

“The percentage of Atlantic hurricanes that have experienced rapid intensification has tripled since the 1980s, it’s not something that we can explain by natural climate variability,” said Dahl.

https://news.yahoo.com/slow-crawling-dorian-kind-threat-201113535.html

 

Evacuations, States of Emergency Issued for States in Hurricane Dorian’s Path

Hurricane Dorian is expected to hit Florida Tuesday with 120 mph winds and unrelenting rain.

Dorian to Hit Florida, Carolinas as Category 3

A road is flooded during the passing of Hurricane Dorian in Freeport, Grand Bahama, Bahamas.

Hurricane Dorian has already devastated the Bahamas, where it made landfall as a Category 5 storm with winds of 180 mph.(AP PHOTO/TIM AYLEN)

HURRICANE DORIAN IS forecast to hit the United States as a Category 3 hurricane Tuesday, making landfall over Florida.

Dorian is packing 120 mph winds as it moves northwestward from the Bahamas to the east coast of Florida, where it is expected to hit with life-threatening storm surges and dangerous winds. It is projected to strike the east coasts of Florida, Georgia and South Carolina, and the risk of similar conditions is increasing for North Carolina.

Florida Gov. Ron DeSantis ordered mandatory evacuations for 11 counties, and voluntary evacuations are in place for an additional five. Eighty-five shelters have been opened and almost 200,000 free WiFi hotspots have been established to enable communication, according to the governor’s office.

Additionally, Florida has 819,000 gallons of water and 1.8 million meals ready for distribution with a request to the Federal Emergency Management Agency for an additional 9 million liters of water and 6.5 million meals. More than 4,500 Florida Guardsman have been deployed, and 21 Urban Search and Rescue Task Forces are being prepared.

Hurricane Dorian has already devastated the Bahamas, where it made landfall as a Category 5 storm with winds of 180 mph. The slow-moving system has lingered over the islands, bringing rain, violent winds, dangerous flooding and catastrophic damage.

Bahamian Prime Minister Hubert Minnis said authorities have confirmed five deaths and that many more people are “in serious distress” amid the “historic tragedy.”

After Florida, Dorian is expected to move northward, hitting Georgia and South Carolina on Thursday, where hurricane watches are in effect, according to the hurricane center.tional Guardsman for storm preparation and response. Emergency shelters are being established, and Kemp ordered mandatory evacuations for six counties, the governor’s office reported. A state of emergency is in effect for a dozen counties.

In South Carolina, Gov. Henry McMaster declared a state of emergency and ordered mandatory evacuations for residents in eight counties, the governor’s office said.

https://www.usnews.com/news/national-news/articles/2019-09-03/evacuations-states-of-emergency-issued-for-states-in-hurricane-dorians-path

Terrifying moment screaming group is swept away in raging Bahamas floodwaters as Hurricane Dorian pounds the Caribbean island, leaves five dead and moves ‘dangerously close’ to the Florida shore as thousands evacuate and Disney World shuts early

  • Dorian is expected to move towards Florida today with 110mph winds, storm surges and possible tornadoes 
  • Thousands have fled their homes and boarded up shops and houses, with 9,500 people staying in shelters
  • The hurricane is not currently predicted to hit land but ‘only a small deviation’ could send it into the mainland 

Terrifying video shows the moment a screaming group of people desperately swim through raging floodwaters to safety as Hurricane Dorian passed over the Bahamas.

Four people are seen being swept away by the fast-moving water in the Abaco Islands on Sunday.

As they continue to struggle against the current, they grab onto downed trees in an attempt to help one another to safety.

As they make their way out of the floodwaters, a rope appears to be keeping them together. In the video, which was obtained by ABC News, a man is then seen helping the group out of the water using the rope.

The Coast Guard was deployed to Andros Island, where they evacuated residents from the Marsh Harbour Clinic to Nassau International Airport on Monday.

Four Jayhawk aircrews completed five medical evacuations of 19 people, ranging in ages from children to elderly, in various medical conditions.

The Coast Guard continued its search in the Bahamas, where five people have been killed by Hurricane Dorian, early Tuesday morning.

Scroll down for video  

Terrifying video shows the moment a screaming group of people (pictured) desperately swim through raging floodwaters to safety as Hurricane Dorian passed over the Bahamas

Terrifying video shows the moment a screaming group of people (pictured) desperately swim through raging floodwaters to safety as Hurricane Dorian passed over the Bahamas

Four people are seen being swept away by the fast-moving water in the Abaco Islands on Sunday. As they continue to struggle against the current, they grab onto downed trees (pictured) in an attempt to help one another to safety

Four people are seen being swept away by the fast-moving water in the Abaco Islands on Sunday. As they continue to struggle against the current, they grab onto downed trees (pictured) in an attempt to help one another to safety

As they make their way out of the floodwaters, a rope appears to be keeping them together. In the video, which was obtained by ABC News, a man is then seen helping the group out of the water using the rope

As they make their way out of the floodwaters, a rope appears to be keeping them together. In the video, which was obtained by ABC News, a man is then seen helping the group out of the water using the rope

On Tuesday morning, United Nations officials estimated that more than 60,000 people in the northwest Bahamas will need food following the devastation left by Dorian.

A spokesman for the UN World Food Program said that a team is ready to help the Bahamian government assess storm damage and prioritize needs.

Herve Verhoosel said preliminary calculations show that 45,700 people on Grand Bahama island may need food, along with another 14,500 in the neighboring Abaco islands.

Meanwhile, a spokesman for the International Federation of Red Cross and Red Crescent Societies says some 62,000 people also will need access to clean drinking water.

The Royal Family shared their condolences to the victims of Hurricane Dorian in a statement shared on Instagram

The Royal Family shared their condolences to the victims of Hurricane Dorian in a statement shared on Instagram

Matthew Cochrane says about 45 per cent of homes in Grand Bahama and Abaco were severely damaged or destroyed and the organization will help 20,000 of the most vulnerable people, including a large Haitian community.

Bahamas Health Minister Duane Sands said Dorian devastated the health infrastructure in Grand Bahama island and massive flooding has rendered the main hospital unusable.

He said Tuesday that the storm caused severe damage in the neighboring Abaco islands and he hopes to send an advanced medical team there soon.

Sands said the main hospital in Marsh Harbor is intact and sheltering 400 people but needs food, water, medicine and surgical supplies.

He also said crews are trying to airlift between five and seven end-stage kidney failure patients from Abaco who haven’t received dialysis since Friday.

The Royal Family shared their condolences to the victims of Hurricane Dorian in a statement that was shared on Instagram.

‘Prince Philip and I have been shocked and saddened to learn of the devastation caused by Hurricane Dorian, and we send our sincere condolences to the families and friends of those who have lost their lives following this terrible storm,’ a message from Queen Elizabeth II reads.

‘At this very difficult time, my thoughts and prayers are with those who have seen their homes and property destroyed, and I also send my gratitude to the emergency services and volunteers who are supporting the rescue and recovery effort,’ the statement concluded.

Florida is now bracing for the impact of Hurricane Dorian on Tuesday as gusty winds and heavy rain start to hit the US coast.

The Coast Guard was deployed to Andros Island, where they evacuated residents people from the Marsh Harbour Clinic (pictured) to Nassau International Airport on Monday. Four Jayhawk aircrews completed five medical evacuations of 19 people, ranging in ages from children to elderly, in various medical conditions

The Coast Guard was deployed to Andros Island, where they evacuated residents people from the Marsh Harbour Clinic (pictured) to Nassau International Airport on Monday. Four Jayhawk aircrews completed five medical evacuations of 19 people, ranging in ages from children to elderly, in various medical conditions

The NHC said Dorian's maximum sustained winds decreased to near 110mph, but it's expected to remain a powerful hurricane during the next few days

The NHC said Dorian’s maximum sustained winds decreased to near 110mph, but it’s expected to remain a powerful hurricane during the next few days

Thousands have been ordered to flee their homes and more than 9,500 people have taken cover in shelters across the state with many shops and houses boarded up

Thousands have been ordered to flee their homes and more than 9,500 people have taken cover in shelters across the state with many shops and houses boarded up

hurricane and could cause highly dangerous storm surges even if it does not make landfall on the US coast

Although Dorian has weakened, it remains a menacing Category 2 hurricane that could cause highly dangerous storm surges even if it does not make landfall on the US coast

While the storm is expected to stay offshore, experts have warned that 'only a small deviation' would be needed to bring it towards the mainland

While the storm is expected to stay offshore, experts have warned that ‘only a small deviation’ would be needed to bring it towards the mainland

 

This satellite image shows the devastation from the floods brought on by Hurricane Dorian on Grand Bahama

This satellite image shows the devastation from the floods brought on by Hurricane Dorian on Grand Bahama

Shortly after 11am on Tuesday, forecasters said Dorian had weakened to a Category 2 hurricane that could still cause highly dangerous storm surges even if it does not make landfall on the US coast.

The NHC said Dorian’s maximum sustained winds decreased to near 110mph, but it’s expected to remain a powerful hurricane during the next few days.

While the storm is expected to stay offshore, experts have warned that ‘only a small deviation’ would be needed to bring it towards the mainland.

Today Disney World announced it was closing early, shutting its doors at 3pm amid fears that Orlando could come into Dorian’s path if it veers off course.

‘We are closely monitoring the progress of the storm and are making operational adjustments as needed,’ the attraction’s website said.

Orlando International Airport is also closed.

‘This storm at this magnitude could really cause massive destruction. Do not put your life in jeopardy by staying behind when you have a chance to get out,’ warned Florida Governor Ron DeSantis.

Trees blow in the wind on Cocoa Beach in Florida as a woman stopped to take a picture Monday night ahead of Hurricane Dorian

Trees blow in the wind on Cocoa Beach in Florida as a woman stopped to take a picture Monday night ahead of Hurricane Dorian

A woman shields her face from the wind, rain and blowing sand whipped up by Hurricane Dorian as she walked on Cocoa Beach in Florida on Monday

A woman shields her face from the wind, rain and blowing sand whipped up by Hurricane Dorian as she walked on Cocoa Beach in Florida on Monday

The hurricane is seen in a satellite image with the state of Florida marked. The storm stalled over the Bahamas but is set to move towards the US coast later Tuesday

The hurricane is seen in a satellite image with the state of Florida marked. The storm stalled over the Bahamas but is set to move towards the US coast later Tuesday

The National Hurricane Center shared a photo mapping out Hurricane Dorian’s possible path, with the storm reaching Florida on Tuesday

Florida Senator Rick Scott wrote on Twitter that ‘a slight wobble west’ would bring the storm ‘on shore with devastating consequences’.

‘If you’re in an evacuation zone, get out NOW. We can rebuild your home. We can’t rebuild your life,’ he said.

Dorian was due to move towards Florida Monday night but instead stalled over the Bahamas.

The National Hurricane Center (NHC) now predicts the ‘extremely dangerous’ storm will ‘move dangerously close to the Florida east coast late today through Wednesday evening’.

More than 1,300 flights have been cancelled already with another 1,600 scrapped on Tuesday, many involving Orlando, Fort Lauderdale and Miami airports.

Port Everglades, a seaport which is home to several major cruise lines, was also shut.

Today a hurricane watch was in effect for Florida’s East Coast from Deerfield Beach north to South Santee River in South Carolina.

Businesses are boarded up near Fort Pierce Jetty Park in Florida, with graffiti on one shutter saying: 'Go away Dorian'

Businesses are boarded up near Fort Pierce Jetty Park in Florida, with graffiti on one shutter saying: ‘Go away Dorian’

Kacy Carvajal holds her friend's daughter, two-year-old Emily Castaneda, as they check in to an evacuation shelter at the Vero Beach High School Freshman Learning Center in Florida on Monday

Kacy Carvajal holds her friend’s daughter, two-year-old Emily Castaneda, as they check in to an evacuation shelter at the Vero Beach High School Freshman Learning Center in Florida on Monday

Juna Beach residents Anneka (left), 8, and sister, Breanna, 10, right, along with their mother, Leah Hanza, center, get a close look at the waves crashing against the Juno Beach Pier as the hurricane crawls towards Florida

Juna Beach residents Anneka (left), 8, and sister, Breanna, 10, right, along with their mother, Leah Hanza, center, get a close look at the waves crashing against the Juno Beach Pier as the hurricane crawls towards Florida

Hurricane Dorian caused evacuations in numerous areas of Florida, including in Palm Beach where President Donald Trump's Mar-a-Lago club is located. A photo of the resort just days before the storm

A photo of Mar-a-Lago from Tuesday shows a storm surge brought on by Hurricane Dorian

A storm surge watch was extended northward to South Santee River in South Carolina. Lake Okeechobee was under a tropical storm watch.

The evacuation zone includes some areas in Palm Beach County, home to President Donald Trump’s Mar-a-Lago resort. A photo showed the storm shutters covering the doors and windows of Mar-a-Lago.

In southern Florida’s Port Saint Lucie – a low-income area where mobile home parks stood all-but emptied of their residents – Dan Peatle, 78, fled his retirement community to take shelter in a hotel.

‘It makes me sick. I don’t like it,’ he said.

‘I’ve been through seven or eight of them since I’ve been in Florida, since ’73. And, they’re all the same, you know. Tear everything up, put it back together. But, I chose to live here so I might as well live with it, you know.’

Shop windows are seen boarded up in Deerfield Beach, Florida, with the storm set to move towards the US mainland today

Shop windows are seen boarded up in Deerfield Beach, Florida, with the storm set to move towards the US mainland today

A lifeguard tower is seen on the shore under gloomy skies at Las Olas Beach in Fort Lauderdale yesterday, only two beachgoers visible in the water

A lifeguard tower is seen on the shore under gloomy skies at Las Olas Beach in Fort Lauderdale yesterday, only two beachgoers visible in the water

A sign tells motorists that Port Everglades, where several major cruise lines are docked, is closed due to the hurricane

Homes on the Intracoastal Waterway are seen with their hurricane shutters up as Hurricane Dorian approaches in Boca Raton

More than 9,500 people have taken cover in 121 shelters in Florida, according to the state’s Division of Emergency Management.

Among them is 30-year-old Stefanie Passieux, who took shelter along with her two children and mother.

‘I came yesterday, as soon as it opened. They said we were in a state of emergency so I came,’ she said. ‘My dad is staying with the cats, but we left. He never leaves. He doesn’t do shelters.’

Further up the coast, some 830,000 people were ordered to evacuate in South Carolina with all lanes of Interstate 26 out of Charleston reversed on Monday to allow motorists to head inland.

Georgia has also ordered mandatory evacuations on its Atlantic coast.

North Carolina Governor Roy Cooper warned his state that it could see heavy rain, winds and floods later in the week.

His Virginia counterpart Ralph Northam declared a state of emergency yesterday although state officials are yet to order any evacuations.

Beachegoers are seen on the shore under dark and gloomy skies at Las Olas Beach in Fort Lauderdale on Monday

People walk the shoreline of Juno Beach near the pier under high gust winds as Hurricane Dorian crawled toward Florida

Saffir–Simpson Hurricane Scale

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Saffir–Simpson Hurricane Scale
Category Wind speeds
Five ≥70 m/s, ≥137 knots
≥157 mph, ≥252 km/h
Four 58–70 m/s, 113–136 knots
130–156 mph, 209–251 km/h
Three 50–58 m/s, 96–112 knots
111–129 mph, 178–208 km/h
Two 43–49 m/s, 83–95 knots
96–110 mph, 154–177 km/h
One 33–42 m/s, 64–82 knots
74–95 mph, 119–153 km/h
Related classifications
Tropical
storm
18–32 m/s, 34–63 knots
39–73 mph, 63–118 km/h
Tropical
depression
≤17 m/s, ≤33 knots
≤38 mph, ≤62 km/h

https://simple.wikipedia.org/wiki/Saffir%E2%80%93Simpson_Hurricane_Scale

Story 2: Only 130,000 Jobs Created in August, U-3 Unemployment Rate 3.7%, Civilian Labor Participation Rate Rises To 63.3% Still Way Below The 66% to 67% Labor Participation Rate of The Late 1990s and Early 2000s — Economic Real Gross Domestic Product Growth Rate Still Below U.S. Historical of Average of 3.0 to 3.5% — Federal Reserve Should Cut Fed Funds Rate By .25% in September — No Recession Until 2021 — Prediction: Trump Reelected in Landslide Victory as American People Reject Radical Extremist Democratic Socialist (REDS) Promises In Favor of Trump Promises Kept — Videos —

 

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Record 157,878,000 Employed in August; Record Low Unemployment Rate for Blacks

By Susan Jones | September 6, 2019 | 8:44 AM EDT

(Photo by MANDEL NGAN/AFP/Getty Images)

(CNSNews.com) – The number of people employed in the United States hit a record 157,878,000 in August, the 21st record set under President Donald Trump, according to the employment report released today by the Bureau of Labor Statistics.

That’s an increase of 590,000 from the record 157,228,000 employed in July.

The unemployment rate held steady at 3.7 percent. For blacks, the unemployment rate dropped to a record low of 5.5 percent last month. And for Hispanics, the unemployment rate was 4.2 percent in August, which ties the record low set earlier this year.

In August, the civilian noninstitutional population in the United States was 259,432,000. That included all people 16 and older who did not live in an institution (such as a prison, nursing home or long-term care hospital). Of that civilian noninstutional population, 163,922,000 were in the labor force, meaning that they either had a job or were actively seeking one during the last month.

That boosted the labor force participation rate to 63.2 percent, which matches the Trump-era high set this past January and February. That’s a 0.2 percent gain from the 63.0 percent in July.

Of the 163,922,000 who were in the labor force, 6,044,000 were unemployed, which put the unemployment rate at 3.7 percent for a third straight month.

Among the major worker groups, BLS said, the unemployment rates for adult men (3.4 percent), adult women (3.3 percent), teenagers (12.6 percent), Whites (3.4 percent), Blacks (5.5 percent), Asians (2.8 percent), and Hispanics (4.2 percent) showed little or no change in August, although — as noted above — it’s never been better for blacks and Hispanics.

The economy added 130,000 jobs in August, boosted by employment gains  in the federal government, largely reflecting the hiring of temporary workers for the 2020 Census, BLS said. Notable job gains also occurred in health care and financial activities.

The change in total nonfarm payroll employment for June was revised down by 15,000 to +178,000, and the change for July was revised down by 5,000 to +159,000. With these revisions, employment gains in June and July combined were 20,000 less than previously reported.

After revisions, job gains have averaged 156,000 per month over the last 3 months.

According to an August 21 update from the Congressional Budget Office:

Strong demand for goods and services over the past several years boosted the demand for labor and caused labor market conditions to strengthen steadily.

The labor market carried momentum from 2018 into the first half of 2019 and is expected to continue to grow at a healthy, albeit slower, pace over the next several years.

In CBO’s projections, the unemployment rate averages 3.7 percent in 2019 and 2020 and then steadily rises to 4.6 percent by the end of 2023 as output growth slows. Employment rose above its potential, or maximum sustainable, level in 2018 and is expected to remain above its potential level over the entire 2019–2023 period.

The labor force participation rate among prime-age workers (those between the ages of 25 and 54) has rebounded since 2015, adding about 1.5 million workers to the labor force and offsetting downward pressure on labor force participation from the retirement of baby boomers (those born between 1945 and 1960). The labor force participation rate is projected to remain stable through 2020 before falling gradually toward its long-run trend.

Wage growth has accelerated and become increasingly broad-based in recent years, with low-wage earners experiencing particularly robust gains in their hourly wages. In CBO’s projections, wage growth picks up further before slowing in 2021.

https://www.cnsnews.com/news/article/susan-jones/record-157878000-employed-august-21st-record-under-trump

Here’s where the jobs are — in one chart

Civilian Labor Force Level

163,922,000

 

Labor Force Statistics from the Current Population Survey

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 139003 138967 138730 138959 139107 139329 139439 139430 139622 139771 140025 140177
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153484(1) 153694 153954 154622 154091 153616 153691 154086 153975 153635 154125 153650
2011 153263(1) 153214 153376 153543 153479 153346 153288 153760 154131 153961 154128 153995
2012 154381(1) 154671 154749 154545 154866 155083 154948 154763 155160 155554 155338 155628
2013 155763(1) 155312 155005 155394 155536 155749 155599 155605 155687 154673 155265 155182
2014 155352(1) 155483 156028 155369 155684 155707 156007 156130 156040 156417 156494 156332
2015 157053(1) 156663 156626 157017 157616 157014 157008 157165 156745 157188 157502 158080
2016 158371(1) 158705 159079 158891 158700 158899 159150 159582 159810 159768 159629 159779
2017 159693(1) 159854 160036 160169 159910 160124 160383 160706 161190 160436 160626 160636
2018 161123(1) 161900 161646 161551 161667 162129 162209 161802 162055 162694 162821 163240
2019 163229(1) 163184 162960 162470 162646 162981 163351 163922
1 : Data affected by changes in population controls.

 Labor Force Participation Rate

63.2%

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 67.2 67.2 67.0 67.1 67.1 67.1 67.1 67.0 67.0 67.0 67.1 67.1
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.1 64.2 64.2 64.1 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.8 63.8 63.7 63.7 63.8 63.7 63.5 63.6 63.8 63.6 63.7
2013 63.7 63.4 63.3 63.4 63.4 63.4 63.3 63.3 63.2 62.8 63.0 62.9
2014 62.9 62.9 63.1 62.8 62.9 62.8 62.9 62.9 62.8 62.9 62.9 62.8
2015 62.9 62.7 62.6 62.7 62.9 62.6 62.6 62.6 62.4 62.5 62.6 62.7
2016 62.7 62.8 62.9 62.8 62.7 62.7 62.8 62.9 62.9 62.8 62.7 62.7
2017 62.9 62.9 62.9 62.9 62.8 62.8 62.9 62.9 63.1 62.7 62.8 62.7
2018 62.7 63.0 62.9 62.8 62.8 62.9 62.9 62.7 62.7 62.9 62.9 63.1
2019 63.2 63.2 63.0 62.8 62.8 62.9 63.0 63.2

 Employment Level

157,878,000

Series Id:           LNS12000000
Seasonally Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 133027 132856 132947 132955 133311 133378 133414 133591 133707 133993 134309 134523
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146378(1) 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142152(1) 141640 140707 140656 140248 140009 139901 139492 138818 138432 138659 138013
2010 138438(1) 138581 138751 139297 139241 139141 139179 139438 139396 139119 139044 139301
2011 139250(1) 139394 139639 139586 139624 139384 139524 139942 140183 140368 140826 140902
2012 141584(1) 141858 142036 141899 142206 142391 142292 142291 143044 143431 143333 143330
2013 143292(1) 143362 143316 143635 143882 143999 144264 144326 144418 143537 144479 144778
2014 145150(1) 145134 145648 145667 145825 146247 146399 146530 146778 147427 147404 147615
2015 148150(1) 148053 148122 148491 148802 148765 148815 149175 148853 149270 149506 150164
2016 150622(1) 150934 151146 150963 151074 151104 151450 151766 151877 151949 152150 152276
2017 152128(1) 152417 152958 153150 152920 153176 153456 153591 154399 153847 153945 154065
2018 154482(1) 155213 155160 155216 155539 155592 155964 155604 156069 156582 156803 156945
2019 156694(1) 156949 156748 156645 156758 157005 157288 157878
1 : Data affected by changes in population controls.

 Employment-Population Ratio

60.9%

Series Id:           LNS12300000
Seasonally Adjusted
Series title:        (Seas) Employment-Population Ratio
Labor force status:  Employment-population ratio
Type of data:        Percent or rate
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 64.4 64.2 64.2 64.2 64.3 64.2 64.2 64.2 64.2 64.3 64.4 64.4
2000 64.6 64.6 64.6 64.7 64.4 64.5 64.2 64.2 64.2 64.2 64.3 64.4
2001 64.4 64.3 64.3 64.0 63.8 63.7 63.7 63.2 63.5 63.2 63.0 62.9
2002 62.7 63.0 62.8 62.7 62.9 62.7 62.7 62.7 63.0 62.7 62.5 62.4
2003 62.5 62.5 62.4 62.4 62.3 62.3 62.1 62.1 62.0 62.1 62.3 62.2
2004 62.3 62.3 62.2 62.3 62.3 62.4 62.5 62.4 62.3 62.3 62.5 62.4
2005 62.4 62.4 62.4 62.7 62.8 62.7 62.8 62.9 62.8 62.8 62.7 62.8
2006 62.9 63.0 63.1 63.0 63.1 63.1 63.0 63.1 63.1 63.3 63.3 63.4
2007 63.3 63.3 63.3 63.0 63.0 63.0 62.9 62.7 62.9 62.7 62.9 62.7
2008 62.9 62.8 62.7 62.7 62.5 62.4 62.2 62.0 61.9 61.7 61.4 61.0
2009 60.6 60.3 59.9 59.8 59.6 59.4 59.3 59.1 58.7 58.5 58.6 58.3
2010 58.5 58.5 58.5 58.7 58.6 58.5 58.5 58.6 58.5 58.3 58.2 58.3
2011 58.3 58.4 58.4 58.4 58.3 58.2 58.2 58.3 58.4 58.4 58.6 58.6
2012 58.4 58.5 58.5 58.4 58.5 58.6 58.5 58.4 58.7 58.8 58.7 58.7
2013 58.6 58.6 58.5 58.6 58.6 58.6 58.7 58.7 58.7 58.3 58.6 58.7
2014 58.8 58.7 58.9 58.9 58.9 59.0 59.0 59.0 59.1 59.3 59.2 59.3
2015 59.3 59.2 59.2 59.3 59.4 59.3 59.3 59.4 59.2 59.3 59.4 59.6
2016 59.7 59.8 59.8 59.7 59.7 59.6 59.7 59.8 59.8 59.7 59.8 59.8
2017 59.9 59.9 60.1 60.2 60.0 60.1 60.1 60.1 60.4 60.2 60.1 60.2
2018 60.2 60.4 60.4 60.3 60.4 60.4 60.5 60.3 60.4 60.6 60.6 60.6
2019 60.7 60.7 60.6 60.6 60.6 60.6 60.7 60.9

 

Unemployment Level

6,044,000

 

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 5976 6111 5783 6004 5796 5951 6025 5838 5915 5778 5716 5653
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 15046 15113 15202 15325 14849 14474 14512 14648 14579 14516 15081 14348
2011 14013 13820 13737 13957 13855 13962 13763 13818 13948 13594 13302 13093
2012 12797 12813 12713 12646 12660 12692 12656 12471 12115 12124 12005 12298
2013 12471 11950 11689 11760 11654 11751 11335 11279 11270 11136 10787 10404
2014 10202 10349 10380 9702 9859 9460 9608 9599 9262 8990 9090 8717
2015 8903 8610 8504 8526 8814 8249 8194 7990 7892 7918 7995 7916
2016 7749 7771 7932 7928 7626 7795 7700 7817 7933 7819 7480 7503
2017 7565 7437 7078 7019 6991 6948 6927 7115 6791 6588 6682 6572
2018 6641 6687 6486 6335 6128 6537 6245 6197 5986 6112 6018 6294
2019 6535 6235 6211 5824 5888 5975 6063 6044

 

U-3 Unemployment Rate

3.7%

 

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

 

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 4.3 4.4 4.2 4.3 4.2 4.3 4.3 4.2 4.2 4.1 4.1 4.0
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.4 9.5 9.5 9.4 9.8 9.3
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.3 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.7 7.9
2013 8.0 7.7 7.5 7.6 7.5 7.5 7.3 7.2 7.2 7.2 6.9 6.7
2014 6.6 6.7 6.7 6.2 6.3 6.1 6.2 6.1 5.9 5.7 5.8 5.6
2015 5.7 5.5 5.4 5.4 5.6 5.3 5.2 5.1 5.0 5.0 5.1 5.0
2016 4.9 4.9 5.0 5.0 4.8 4.9 4.8 4.9 5.0 4.9 4.7 4.7
2017 4.7 4.7 4.4 4.4 4.4 4.3 4.3 4.4 4.2 4.1 4.2 4.1
2018 4.1 4.1 4.0 3.9 3.8 4.0 3.9 3.8 3.7 3.8 3.7 3.9
2019 4.0 3.8 3.8 3.6 3.6 3.7 3.7 3.7

 

Not In Labor Force

95,510,000

 

Series Id:           LNS15000000
Seasonally Adjusted
Series title:        (Seas) Not in Labor Force
Labor force status:  Not in labor force
Type of data:        Number in thousands
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 67715 67906 68306 68277 68320 68304 68390 68609 68642 68712 68641 68655
2000 69142 69120 69338 69267 69853 69876 70398 70401 70645 70782 70579 70488
2001 70088 70409 70381 70956 71414 71592 71526 72136 71676 71817 71876 72010
2002 72623 72010 72343 72281 72260 72600 72827 72856 72554 73026 73508 73675
2003 73960 74015 74295 74066 74268 73958 74767 75062 75249 75324 75280 75780
2004 75319 75648 75606 75907 75903 75735 75730 76113 76526 76399 76259 76581
2005 76808 76677 76846 76514 76409 76673 76721 76642 76739 76958 77138 77394
2006 77339 77122 77161 77318 77359 77317 77535 77451 77757 77634 77499 77376
2007 77506 77851 77982 78818 78810 78671 78904 79461 79047 79532 79105 79238
2008 78554 79156 79087 79429 79102 79314 79395 79466 79790 79736 80189 80380
2009 80529 80374 80953 80762 80705 80938 81367 81780 82495 82766 82865 83813
2010 83349 83304 83206 82707 83409 84075 84199 84014 84347 84895 84590 85240
2011 85441 85637 85623 85603 85834 86144 86383 86111 85940 86308 86312 86589
2012 87888 87765 87855 88239 88100 88073 88405 88803 88613 88429 88836 88722
2013 88900 89516 89990 89780 89827 89803 90156 90355 90481 91708 91302 91563
2014 91563 91603 91230 92070 91938 92107 92016 92099 92406 92240 92350 92695
2015 92671 93237 93454 93249 92839 93649 93868 93931 94580 94353 94245 93856
2016 94026 93872 93689 94077 94475 94498 94470 94272 94281 94553 94911 94963
2017 94389 94392 94378 94419 94857 94833 94769 94651 94372 95330 95323 95473
2018 95657 95033 95451 95721 95787 95513 95633 96264 96235 95821 95886 95649
2019 95010 95208 95577 96223 96215 96057 95874 95510

 

 

 

 

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

 

Public Commentary on Unemployment

Unemployment Data Series   subcription required(Subscription required.)  View  Download Excel CSV File   Last Updated: September 6th, 2019

The ShadowStats Alternate Unemployment Rate for August 2019 is 21.2%.

http://www.shadowstats.com/alternate_data/unemployment-charts

 

Employment Situation Summary

Transmission of material in this news release is embargoed until	      USDL-19-1573
8:30 a.m. (EDT) Friday, September 6, 2019

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 -- AUGUST 2019


Total nonfarm payroll employment rose by 130,000 in August, and the unemployment
rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported
today. Employment in federal government rose, largely reflecting the hiring of
temporary workers for the 2020 Census. Notable job gains also occurred in health
care and financial activities, while mining lost jobs. 

This news release presents statistics from two monthly surveys. The household
survey measures labor force status, including unemployment, by demographic
characteristics. The establishment survey measures nonfarm employment, hours, and
earnings by industry. For more information about the concepts and statistical
methodology used in these two surveys, see the Technical Note.

Household Survey Data

In August, the unemployment rate was 3.7 percent for the third month in a row,
and the number of unemployed persons was essentially unchanged at 6.0 million.
(See table A-1.)

Among the major worker groups, the unemployment rates for adult men (3.4 percent),
adult women (3.3 percent), teenagers (12.6 percent), Whites (3.4 percent), Blacks
(5.5 percent), Asians (2.8 percent), and Hispanics (4.2 percent) showed little or
no change in August. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little
changed at 1.2 million in August and accounted for 20.6 percent of the unemployed.
(See table A-12.)

The labor force participation rate edged up to 63.2 percent in August but has shown
little change, on net, thus far this year. The employment-population ratio, at 60.9
percent, also edged up over the month and is up by 0.6 percentage point over the year.
(See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) increased by 397,000 to 4.4 million in August; this
increase follows a decline of similar magnitude in July. These individuals, who would
have preferred full-time employment, were working part time because their hours had
been reduced or they were unable to find full-time jobs. (See table A-8.)

In August, 1.6 million persons were marginally attached to the labor force, little
different from a year earlier. (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 467,000 discouraged workers in August,
about unchanged from a year earlier. (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 1.1 million persons marginally attached to the
labor force in August 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 increased by 130,000 in August. Job growth has averaged
158,000 per month thus far this year, below the average monthly gain of 223,000 in 2018.
In August, employment in federal government rose, largely reflecting the hiring of
temporary workers for the 2020 Census. Private-sector employment was up by 96,000, with
notable job gains in health care and financial activities and a job loss in mining.
(See table B-1.)

In August, employment in federal government increased by 28,000. The gain was mostly
due to the hiring of 25,000 temporary workers to prepare for the 2020 Census.

Health care added 24,000 jobs over the month and 392,000 over the past 12 months. In
August, employment continued to trend up in ambulatory health care services (+12,000)
and in hospitals (+9,000). 

In August, financial activities employment rose by 15,000, with nearly half of the gain
occurring in insurance carriers and related activities (+7,000). Financial activities
has added 111,000 jobs over the year. 

Employment in professional and business services continued to trend up in August (+37,000).
Within the industry, employment increased by 10,000 both in computer systems design and
related services and in management of companies and enterprises. Monthly job gains in
professional and business services have averaged 34,000 thus far in 2019, below the
average monthly gain of 47,000 in 2018. 
 
Social assistance employment continued on an upward trend in August (+13,000). Within
the industry, individual and family services added 17,000 jobs. Social assistance has
added 100,000 jobs in the last 6 months.

Mining employment declined by 6,000 in August, with nearly all of the loss in support
activities for mining (-5,000).  

Retail trade employment changed little in August (-11,000). General merchandise stores
lost 15,000 jobs over the month and 80,000 jobs over the year. Building material and
garden supply stores added 9,000 jobs over the month.

Employment showed little change over the month in construction, manufacturing, transportation
and warehousing, and leisure and hospitality. Job growth in these industries has moderated
thus far in 2019 compared with 2018.

In August, average hourly earnings for all employees on private nonfarm payrolls rose by
11 cents to $28.11, following 9-cent gains in both June and July. Over the past 12 months,
average hourly earnings have increased by 3.2 percent. In August, average hourly earnings
of private-sector production and nonsupervisory employees rose by 11 cents to $23.59.
(See tables B-3 and B-8.) 
 
The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour
to 34.4 hours in August. In manufacturing, the average workweek increased by 0.2 hour to
40.6 hours, and overtime declined by 0.1 hour to 3.2 hours. The average workweek of private-
sector production and nonsupervisory employees increased by 0.1 hour to 33.6 hours. 
(See tables B-2 and B-7.) 
 
The change in total nonfarm payroll employment for June was revised down by 15,000 from
+193,000 to +178,000, and the change for July was revised down by 5,000 from +164,000 to
+159,000. With these revisions, employment gains in June and July combined were 20,000
less than previously reported. (Monthly revisions result from additional reports received
from businesses and government agencies since the last published estimates and from the
recalculation of seasonal factors.) After revisions, job gains have averaged 156,000 per
month over the last 3 months. 

_____________
The Employment Situation for September is scheduled to be released on Friday,
October 4, 2019, at 8:30 a.m. (EDT).



The PDF version of the news release

News release charts

Supplemental Files Table of Contents

Table of Contents

Last Modified Date: September 06, 2019 

https://www.bls.gov/news.release/empsit.nr0.htm

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]
Category Aug.
2018
June
2019
July
2019
Aug.
2019
Change from:
July
2019-
Aug.
2019

Employment status

Civilian noninstitutional population

258,066 259,037 259,225 259,432 207

Civilian labor force

161,802 162,981 163,351 163,922 571

Participation rate

62.7 62.9 63.0 63.2 0.2

Employed

155,604 157,005 157,288 157,878 590

Employment-population ratio

60.3 60.6 60.7 60.9 0.2

Unemployed

6,197 5,975 6,063 6,044 -19

Unemployment rate

3.8 3.7 3.7 3.7 0.0

Not in labor force

96,264 96,057 95,874 95,510 -364

Unemployment rates

Total, 16 years and over

3.8 3.7 3.7 3.7 0.0

Adult men (20 years and over)

3.5 3.3 3.4 3.4 0.0

Adult women (20 years and over)

3.5 3.3 3.4 3.3 -0.1

Teenagers (16 to 19 years)

12.7 12.7 12.8 12.6 -0.2

White

3.4 3.3 3.3 3.4 0.1

Black or African American

6.3 6.0 6.0 5.5 -0.5

Asian

3.0 2.1 2.8 2.8 0.0

Hispanic or Latino ethnicity

4.7 4.3 4.5 4.2 -0.3

Total, 25 years and over

3.2 3.0 3.0 2.9 -0.1

Less than a high school diploma

5.7 5.3 5.1 5.4 0.3

High school graduates, no college

3.9 3.9 3.6 3.6 0.0

Some college or associate degree

3.5 3.0 3.2 3.1 -0.1

Bachelor’s degree and higher

2.0 2.1 2.2 2.1 -0.1

Reason for unemployment

Job losers and persons who completed temporary jobs

2,868 2,736 2,798 2,876 78

Job leavers

866 888 833 781 -52

Reentrants

1,864 1,868 1,810 1,801 -9

New entrants

586 541 595 574 -21

Duration of unemployment

Less than 5 weeks

2,199 1,961 2,201 2,207 6

5 to 14 weeks

1,722 1,830 1,797 1,757 -40

15 to 26 weeks

927 769 905 835 -70

27 weeks and over

1,320 1,414 1,166 1,243 77

Employed persons at work part time

Part time for economic reasons

4,368 4,347 3,984 4,381 397

Slack work or business conditions

2,581 2,707 2,385 2,678 293

Could only find part-time work

1,377 1,337 1,364 1,351 -13

Part time for noneconomic reasons

21,803 21,524 21,437 21,697 260

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

1,443 1,571 1,478 1,564

Discouraged workers

434 425 368 467

– 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.

Table of Contents

Last Modified Date: September 06, 2019 

https://www.bls.gov/news.release/empsit.a.htm

 

Story 3: Universal Basic Income or Graduated Fair Tax Less With $1000 Monthly Tax Prebate — Videos

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Must make universal basic income ‘right of citizenship’ in US: 2020 hopeful Yang

Joe Rogan Experience #1245 – Andrew Yang

Andrew Yang Talks Universal Basic Income, Benefitting From Tech, His Run For President + More

Presidential candidate Andrew Yang talks A.I. and a universal basic income

Andrew Yang: A wealth tax is not the way to go

The colossal problem with universal basic income | Douglas Rushkoff

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A Universal Income needs a focus on citizen responsibility | Raf Manji | TEDxChristchurch

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Why the World’s Richest Say a Universal Basic Income is Good Policy!

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Jordan Peterson on Universal Basic Income.. ‘Money ISN’T the Problem!’

Jordan Peterson: How would life change with Universal Basic Income?

Jordan Peterson on Universal Basic Income – Joe Rogan

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Switzerland Might Guarantee A $2800 Monthly Income for All Adults | The Rubin Report

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Why everyone is talking about free cash handouts—an explainer on universal basic income

11:42
Elon Musk and Andrew Yang support Universal Basic Income — here’s what it…

The idea of free cash for all may seem too good to be true, but a growing number of high-profile people — from Democratic presidential hopeful Andrew Yang to tech billionaire Elon Musk — say universal basic income, or UBI, may become a reality.

And the rest of America is becoming more interested, too: Google searches for the term “universal basic income” have multiplied as much as 50 times between 2015 and 2019.

So what is UBI? Here’s a primer.

What is UBI?

Universal basic income refers to regular cash payments made to a given population (such as adult U.S. citizens, for example) with minimal or no requirements for receiving the money, in order to increase people’s income, according to the International Monetary Fund.

Beyond that, however, there is often disagreement about what constitutes UBI.

”[T]here is no established common understanding” of UBI, according to economists Maura Francese and Delphine Prady. And therefore, “very different income-support programs are often labeled ‘universal basic income,’ even when they have little in common or do not aim at the same goal.”

However, common variances on the basic tenet include whether cash handouts replace or supplement existing social welfare programs, whether payments are distributed to a household or individual, who foots the bill and how often the payments are distributed.

Why is everybody talking about UBI now?

There are two main conditions fueling the emergence of UBI as a serious topic over the last few years.

The first is fears that automation will put millions of people out of work, leaving them with little or no income.

“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation,” SpaceX and Tesla boss Elon Musk told CNBC in 2016. “Yeah, I am not sure what else one would do. I think that is what would happen.”

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Elon Musk: Robots will take your jobs, government will have to pay your wage

This is Andrew Yang’s thinking too. Yang, a 44-year-old entrepreneur running for the Democratic presidential nomination, has made UBI the foundation of his 2020 campaign platform. His plan, which he calls the “Freedom Dividend,” is for the federal government to give all U.S. citizens ages 18 and over $1,000 per month.

Fellow Democratic hopeful Sen. Bernie Sanders said in 2015 he is “absolutely sympathetic to that approach,” and former Vice President Joe Biden said in 2018 he would consider a UBI as a last resort. Republicans are more likely to be against UBI.

Americans, however, are split on whether they would support universal basic income as a solution for those whose jobs are replaced by robots: 48% support and 52% do not, according to a February 2018 Gallup survey.

There is also debate as to whether robots will actually take people’s jobs: A 2017 McKinsey & Company report estimates as much as one-third of the U.S. workforce may need to learn new skills and find a new job because of automation by 2030, while a 2017 report from Gartner says artificial intelligence will create more jobs than it eliminates.

The other major situation motivating the current conversation about UBI is America’s extreme and growing wealth inequality. Some see cash payments as a way to help even the playing field.

CNBC Andrew Yang
Andrew Yang in his campaign headquarters in February 2019.
CNBC Make It

Facebook founder Mark Zuckerberg, for one, falls into this camp.

“Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract …. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas,” Zuckerberg said in his 2017 Harvard commencement speech. After all, he said, it was because he had a financial safety net from his dentist father that he felt free to try something as risky as turning Facebook into a business.

The wave of interest in UBI is also inspiring a smattering of experiments and pilot studies with UBI in the U.S.

The once-bankrupt town of Stockton, California, initiated an 18-month experiment in February, distributing monthly checks for $500 to 130 randomly selected Stockton residents to mitigate poverty and inequality. Michael Tubbs, the town’s now 28-year-old mayor, decided on the program after reading Dr. Martin Luther King Jr.’s 1967 book, “Where Do We Go From Here: Chaos or Community?” In the book, King writes: ”… the solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.”

And one of the country’s top start-up accelerators’ research arm, Y Combinator Research, has run small-scale tests in Oakland, California, to test and improve procedures ahead of a larger-scale program. In that program, 1,000 randomly selected individuals across two as-yet-undisclosed states will receive $1,000 per month for three years to study the impact of the cash transfer.

Who pays?

That depends on who you talk to.

Hillary Clinton seriously considered running her 2016 campaign for president on a platform built with UBI. But she couldn’t figure out a reasonable way to pay for it.

“Unfortunately, we couldn’t make the numbers work,” Clinton wrote in her campaign memoir, “What Happened.” “To provide a meaningful dividend each year to every citizen, you’d have to raise enormous sums of money, and that would either mean a lot of new taxes or cannibalizing other important programs. We decided it was exciting but not realistic….”

Others believe there is a solution.

Facebook co-founder Chris Hughes, a UBI supporter, says a guaranteed basic income should be paid for by the wealthiest 1% of society, according to his book, “Fair Shot: Rethinking Inequality and How We Earn.”

Chris Hughes

@chrishughes

Recurring cash payments, directly to the people who need it most, are a proven tool to beat back against the rising tide of . Discover how a can help lift 20 million people out of poverty overnight at http://fairshotbook.com .

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And Yang proposes to pay for UBI by implementing a value-added tax, or VAT, of 10% on goods and services a company produces. “Because our economy is so vast, this would generate between $700 and $800 billion in revenue,” he said on Reddit in 2018. Indeed, Eric Toder of the Washington, D.C.-based Tax Policy Center told CNBC Make It in 2018 that such a VAT in the United States could raise anywhere from $500 billion to $1 trillion, depending on how broadly the tax is applied.

One thing is certain, however: It would cost a lot.

“A truly universal UBI would be enormously expensive,” say Hilary Hoynes and Jesse Rothstein, economics and public policy professors at the University of California at Berkeley. “The kinds of UBIs often discussed would cost nearly double current total spending on the ‘big three’ programs (Social Security, Medicare, and Medicaid),” according to their working paper published by the National Bureau of Economic Research in February. They also say these social welfare programs would still be needed even with UBI.

Will it work?

Critics say universal basic income is too expensive, that it gives people incentive to be unproductive, that it’s bad for people’s self-worth and that there are more efficient ways to spend government money to help those who can’t support themselves.

“Just giving $1,000 to everybody in itself is not the right solution” if helping those who need it most in society is the goal, Thomas Piketty, an economist and professor at the Paris School of Economics, told CNBC Make It at Columbia University in March.

And Ian Goldin, a professor of globalization and development at the University of Oxford, argued in the Financial Times that “individuals gain not only income, but meaning, status, skills, networks and friendships through work. Delinking income and work, while rewarding people for staying at home, is what lies behind social decay.”

Nobel laureate in economics Joseph Stiglitz told CNBC in April, “I think there’s a certain dignity from work. Some of my younger students say, ‘Oh there could be a lot of dignity from meditation and from other ways of spending time.’ But I think for most people there will be a real desire to work,” Stiglitz says.

As far as the data goes, it’s mixed.

Some of the news seems positive. For example, left-leaning think tank Roosevelt Institute says a $1,000-a-month payment would actually grow the economy by $2.5 trillion by 2025 if it was paid for by increasing the federal deficit; however, increasing taxes would have no net benefit to the economy.

And some small UBI use cases seem to show that cash handouts help those who receive them in some ways — alleviating emotional stress and helping individuals pay their bills. However, it is not a silver bullet for unemployment.

Joseph Stiglitz on inequality, automation and UBI

For instance, preliminary results of a two-year experiment in Finland that gave 2,000 unemployed people 560 euros ($638) a month show that, for the first year of the study, 2017, those getting cash payments reported improved well-being. However, there was no effect on employment status. Results for employment status in 2018, the second year of the study, are not yet available.

A basic income pilot program in Ontario, Canada, launched in April 2017 with a plan to distribute varying monthly payments to more than 4,000 people living on incomes less than $34,000 Canadian (or about $25,925 U.S.) for up to three years via tax credits. In July, the government of Ontario announced it would shut down the program (due to the cost and a change in government leadership), and in August, it said that payments would run through March. But the advocacy group Basic Income Canada Network got some feedback. Responses from 424 participants indicated the payments gave them increased personal agency, relief from anxiety, increased social connection and the ability to invest in things like education and job-hunting.

Then there are the residents of Alaska, who receive a yearly dividend from the Alaska Permanent Fund, which was launched in 1982 to pass along oil profits to future generations. In 2018, the payment was $1,600. Alaskans reportedly use the money for everything from heating oil and clothing to medical emergencies, travel and student loan payments. And a 2018 study of Alaskans suggests that “a universal and permanent cash transfer does not significantly decrease aggregate employment.”

Mark Zuckerberg: Alaska’s cash handout program “provides some good lessons for the rest of the country”

Correction: This article has been revised to reflect that Andrew Yang expanded his “Freedom Dividend” to include all U.S. citizens ages 18 and over and to reflect that Google Trends data shows the term “universal basic income” has been searched 50 times more in 2019 as it was in 2015.

See also:

Elon Musk: Robots will take your jobs, government will have to pay your wage

This California city’s 27-year-old mayor will give residents $500 free cash per month

Billionaire Mark Cuban: One of the ‘most patriotic’ things you can do is get ‘obnoxiously rich’

Universal Basic Income, Its Pros and Cons With Examples

Should Everyone Get a Guaranteed Income?

A universal basic income is a government guarantee that each citizen receives a minimum income. It is also called a citizen’s income, guaranteed minimum income, or basic income.

 

The Purpose of Universal Basic Income

In 1967, Martin Luther King Jr. said a guaranteed income would abolish poverty. That means reducing income inequality as well.

Economist Milton Friedman proposed a negative income tax. The poor would receive a tax credit if their income fell below a minimum level. It would be equivalent to the tax payment for the families earning above the minimum level.
In 2018, Facebook co-founder Chris Hughes outlined his plan in his book “Fair Shot.” He argues that U.S. workers, students, and caregivers making $50,000 or less a year should receive a guaranteed income of $500 a month. “Cash is the best thing you can do to improve health outcomes, education outcomes and lift people out of poverty,” Hughes said.
Hughes’ guaranteed income is financed by taxes on the top 1 percent. It would work through a modernization of the earned income tax credit.

To Hughes, it’s the only solution to an economy where “a small group of people are getting very, very wealthy while everyone else is struggling to make ends meet.” Hughes said automation and globalization have destroyed the employment market. It’s created a lot of part-time, contract, and temporary jobs. But those positions aren’t enough to provide a decent standard of living.

Mark Zuckerberg and Bill Gates agree. They argue that automation has fundamentally changed the structure of the U.S. economy. Sir Richard Branson said a guaranteed income is inevitable. Artificial intelligence will take too many jobs from people. Elon Musk said robotics will take away most people’s jobs, so a universal income is the only solution.
  • Workers could afford to wait for a better job or better wages.
  • People would have the freedom to return to school or stay home to care for a relative.
  • The “poverty trap” would be removed from traditional welfare programs.
  • Citizens could have simple, straightforward financial assistance that minimizes bureaucracy.
  • The government would spend less to administer the program than with traditional welfare.
  • Payments would help young couples start families in countries with low birth rates.
  • The payments could help stabilize the economy during recessionary periods.

Cons

  • Inflation could be triggered because of the increase in demand for goods and services.
  • There won’t be an increased standard of living in the long run because of inflated prices.
  • A reduced program with smaller payments won’t make a real difference to poverty-stricken families.
  • Free income may disincentivize people to get jobs, and make work seem optional.
  • Free income could perpetuate the falling labor force participation rate.
  • It would be difficult especially in the US to get legislation passed because of stiff opposition to handouts for the unemployed.

 

Detailed Advantages

An unconditional basic income would enable workers to wait for a better job or negotiate better wages. They could improve their marketability by going back to school. They could even quit their job to care for a relative.

Current welfare programs are also complicated for administrators and recipients. A simple cash payment would cut down on bureaucracy. It would replace housing vouchers, food stamps, and other programs.
The simplicity of the program means it would also cost governments less. Cash payments that went to everyone would eliminate costly income-verification paperwork. Conservative Utah Senator Mike Lee told the Heritage Foundation, “There’s no reason the federal government should maintain 79 different means-tested programs.” Only applicants with low incomes qualify for means-tested programs.
Some countries are concerned about falling birth rates. A guaranteed income would give young couples the confidence they need to start a family. It would also provide workers the confidence to bid up wages. From a macro viewpoint, it would give society a much-needed ballast during a recession.

 

Detailed Disadvantages

If everyone suddenly received a basic income, it would create inflation. Most would immediately spend the extra cash, driving up demand. Retailers would order more, and manufacturers would try to produce more. But if they couldn’t increase supply, they would raise prices. Higher prices would soon make the basics unaffordable to those at the bottom of the income pyramid. In the long run, a guaranteed income would not raise their standard of living.

A guaranteed income that’s enough to eliminate poverty would be too expensive. In 2012, there were 179 million working-age adults. It would cost $2.14 trillion to pay each of them $11,945 (the poverty level) each year. But it would replace existing welfare programs that cost $1 trillion a year. So it would add $1.2 trillion to the deficit, or 7.5 percent of the total economic output that year.
To save money, some programs would not pay as much. But research shows that payments of a few hundred dollars aren’t enough to make a real difference in the lives of the poverty-stricken.
If everyone received a free income, it could remove the incentive to work hard. Oren Cass, a Senior Fellow at the Manhattan Institute, says it would make work seem optional. Many recipients might prefer to live on the free income rather than get a job. They would not acquire work skills or a good resume. It could prevent them from ever getting a good job in a competitive environment. It could reduce an already-falling labor force participation rate.
Lastly, such a plan would be difficult to get passed in the United States. Most people are opposed to handouts to those who don’t work. For that reason, many already oppose welfare and even unemployment benefits. Even raising the U.S. minimum wage has been difficult, despite the widespread belief that hard workers should be rewarded.

 

Guaranteed Income History in the U.S.

In 1968, President Johnson’s administration launched a test of the negative income tax in New Jersey. It found that welfare recipients received a higher payment from that program than they did from the standard income tax. A higher-paying program was tested in Seattle and Denver.

Results showed reduced incentive to work. It also broke up families, since husbands and wives no longer had to remain together for financial reasons. The administrative costs were very high for both programs.
The earned income tax credit is a form of guaranteed income. It provides a percentage tax credit for every dollar of earned income up to a maximum credit. Since the credit increases along with income, it promotes the incentive to work. But as the income reaches a maximum level, the tax credit phases out and decreases. That creates a disincentive to earn more. A 1990 study revealed that 40 percent of benefits were paid to families who weren’t eligible for the EITC.

 

Current Examples in the U.S. and Other Countries

Alaska has had a guaranteed income program since 1982. The Alaska Permanent Fund pays each resident an average of $1,200 a year out of oil revenues. Almost three-fourths of recipients save it for emergencies.

In 2017, the Hawaii state legislature passed a bill declaring that everyone is entitled to basic financial security. It directed the government to develop a solution, which may include a guaranteed income.
In Oakland, California, the seed accelerator Y Combinator will pay 100 families between $1,000 to $2,000 a month.
Stockton, California, is planning a two-year pilot program for fall 2018. It would give $500 a month to 100 local families. It hopes to keep families together, and away from payday lenders, pawn shops, and gangs.
Chicago, Illinois, is considering a pilot to give 1,000 families $500 a month.
Canada is experimenting with a basic income program. It will give 4,000 Ontario residents living in poverty C$17,000 a year or C$24,000/couple. They can only keep half of their income from any jobs they have.
In 2017, Finland began a two-year experiment. It gave 2,000 unemployed people 560 euros a month for two years, even if they found work. The recipients said it reduced stress. It also gave them more incentive to find a good job or start their own business. The Finnish government was supposed to extend the trial to employed workers in 2018. Researchers wanted to see if that would help them get better jo