Defense Spending

The Pronk Pops Show 1309. August 20, 2019, Story 1: 23 Texas Towns Hit With Ransomware Attack — Videos — Story 2: President Trump Does Not Support Universal Background Checks But Does Support Meaningful Intelligent Background Checks  — Videos — Story 3: President Trump Looking At Payroll Tax Cuts — Videos — Story 4: Big Lie Media, Radical Extremist Democrat Socialists (REDS), and Trump Haters Hope The United States Economy Goes Into A Recession to Defeat Trump — Betrayal of The American People — Videos

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Pronk Pops Show 1309 August 20, 2019

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Story 1: 23 Texas Towns Hit With Ransomware Attack — Videos

Ransomware As Fast As Possible

Officials Working To Help 23 Local Texas Governments After Ransomware Attack

Ransomware attack hits government computers in over 20 Texas towns

Texas government agencies hit by ransomware attack

Ransomware attack hits 23 Texas towns

Twenty-two Texas Towns Hit By Ransomware

Ransomware attack hits 23 Texas towns

23 local Texas governments hit with ransomware attack

How Ransomware Locks Your PC & Holds Your Data Hostage

How one ransomware attack cost £45m to fix – BBC News

What is ransomware and how can I protect myself?

Th

RANSOMWARE

Wana Decrypt0r (Wanacry Ransomware) – Computerphile

 

Texas is hit with ransomware attack as at least 20 local governments come under ‘coordinated’ cyber assault

  • Texas state government reports coordinated ransomware attacks in 20 cities
  • State Department of Information Resources is leading the response
  • Ransomware cripples computer infrastructure with demand for payment 

Texas has been hit with a wave of ransomware attacks targeting at least 20 local government entities.

The Texas Department of Information Resources (DIR) said late Friday that it is leading the response to a ‘coordinated ransomware attack’ that is crippling critical government infrastructure across the state.

Ransomware disables computer networks and holds them hostage in demand for payment.

Workers are seen inside the Texas Division of Emergency Management, State Operations Center in Austin in a file photo
‘Currently, DIR, the Texas Military Department, and the Texas A&M University System’s Cyberresponse and Security Operations Center teams are deploying resources to the most critically impacted jurisdictions,’ the department said in a statement.

WHAT IS RANSOMWARE?

Cybercriminals use ‘blockers’ to stop their victim accessing their device.

This may include a mesage telling them this is due to ‘illegal content’  such as porn being identified on their device.

Anyone who has accessed porn online is probably less likely to take the matter up with law enforcement.

Hackers then ask for money to be paid, often in the form of Bitcoins or other untraceable cryptocurrencies, for the block to be removed.

In May 2017, a massive ransomware virus attack called WannaCry spread to the computer systems of hundreds of private companies and public organisations across the globe.

The department urged local jurisdictions who have been impacted to contact their local TDEM Disaster District Coordinator.

‘DIR is fully committed to respond swiftly to this event and provide the necessary resources to bring these entities back online,’ the agency said.

It was not immediately clear which cities had been impacted by the attacks and what entity is suspected of perpetrating them.

A spokesman for DIR did not immediately respond to a request for comment from DailyMail.com on Saturday.

The attack came within hours of a massive failure of U.S. Customs and Border Protection computers that caused huge travel delays across the country – although the federal agency has insisted that the outage was not ‘malicious’ in nature. 

‘The affected systems are coming back online and travelers are being processed. CBP will continue to monitor the incident. There is no indication the disruption was malicious in nature at this time,’ CBP said in a statement at 6.30pm ET on Friday.

22 Texas Towns Hit With Ransomware Attack In ‘New Front’ Of Cyberassault

Texas state Capitol building in Austin. This week, state officials confirmed that 22 municipalities have been infiltrated and ransom demanded.

Bill Clark/CQ-Roll Call/Getty Images

Updated at 10:00 a.m. Wednesday ET

Texas is the latest state to be hit with a cyberattack, with state officials confirming this week that computer systems in 22 municipalities have been infiltrated by hackers demanding a ransom. A mayor of one of those cities said the attackers are asking for $2.5 million to unlock the files.

The Federal Bureau of Investigation and state cybersecurity experts are examining the ongoing breach, which began Friday morning and has affected mostly smaller local governments. Officials have not disclosed which specific places are affected.

Investigators have also not yet identified who or what is behind the attack that took the systems offline, but the Texas Department of Information Resources says the evidence so far points to “one single threat actor.”

Elliott Sprehe, a spokesman for the department, said he was “not aware” of any of the cities having paid the undisclosed ransom sought by hackers. He said the areas impacted are predominantly rural. The department initially put the number of cities attacked at 23.

Two cities so far have come forward to say their computer systems were affected. Officials in Borger in the Texas Panhandle, said the attack has affected city business and financial operations. Birth and death certificates are not available online, and the city can’t accept utility payments from any of its 13,25o residents. “Responders have not yet established a time-frame for when full, normal operations will be restored,” city officials said.

Keene, Texas, a city of some 6,100 people outside Fort Worth, was also hit, officials announced. The city’s government is also unable to process utility payments.

Keene Mayor Gary Heinrich told NPR that the hackers broke into the information technology software used by the city and managed by an outsourced company, which he said also supports many of the other municipalities targeted.

“Well, just about everything we do at City Hall is impacted, Heinrich said.

Heinrich said the hackers want a collective ransom of $2.5 million.

“They got into our software provider, the guys who run our IT systems,” Heinrich said. “A lot of folks in Texas use providers to do that, because we don’t have a staff big enough to have IT in house.”

State officials would not comment on the nature of the attack or confirm the ransom amount. But Heinrich said there is no way his city will be coughing up anything for the hackers.

“Stupid people,” he said of the cyber-attackers. “You know, just no sense in this at all.”

Experts say that while government agencies have increasingly been hit by cyberattacks, simultaneously targeting nearly two dozen cities represents a new kind of digital assault.

“What’s unique about this attack and something we hadn’t seen before is how coordinated attack this attack is,” said threat intelligence analyst Allan Liska. “It does present a new front in the ransomware attack,” he said. “It absolutely is the largest coordinated attack we’ve seen.”

Liska’s research firm, Recorded Future, has found that ransomware attacks aimed at state and local government have been on the rise, finding at least 169 examples of hackers breaking into government computer systems since 2013. There have been more than 60 already this year, he said.

In recent months, the data networks of Baltimore, the Georgia courts system and a county in Utah have all been hit by ransomware.

The hacker bait tends to come in the form of a seemingly benign email with links or attachments that, once opened, can infect a system. There are other popular ways of tapping into government networks, Liska said, like through remote desktop systems, which can be vulnerable to hackers.

While the attackers tend to be anonymous and their locations undisclosed, Liska said his research has found that few are based in the U.S. Many, he said, are breaching local government computer systems from operations based in parts of Eastern Europe or Russia.

And sometimes local governments see no other option to restoring their crippled networks than paying a ransom demanded by hackers. In Lake City, Fla., a town of about 12,000 residents, officials paid $460,000 in the form of bitcoin, the preferred payment method among cybercriminals.

“They turned off the servers. They literally went room through room through city hall, unplugging people’s networks cables and turning off all the computers,” Mike Lee, a sergeant with the Lake City Police Department, told NPR in July.

The ransom was paid by insurance, but taxpayers were still on the hook for a $10,000 deductible.

The Recorded Future study found that about 17% of local agencies hit with ransomware viruses paid up, a practice federal law enforcement officials discourage, saying it incentivizes cybercriminals to keep engaging in the activity.

Liska said in cities he has worked with that have been preyed upon by hackers, there are instances in which ponying up for the return of data is the only viable option.

“Sometimes the reality of the situation may call for it,” he said. “If the backups aren’t working or if the bad guys have encrypted your backups, then unfortunately that’s what you’re left with.”

Individuals, businesses and institutions such as hospitals have been targeted by ransomware attacks for years. With the recent attacks on state and city government, local officials are rushing to secure their computer systems, holding new training and backing up their servers, Liska said. But in smaller, cash-strapped localities, there could be challenges to building a security defense.

Tad McGalliard studies local government cybersecurity at the Washington-based city manager group ICMA. He has been pushing for municipalities to find more funding to fight back against hackers.

“Somebody out there on the bad guy front is seeing an opportunity in local governments and we got to make a better job of making sure our employees are as well-trained and as well-equipped as possible,” McGalliard said.

McGalliard said the Texas case should be a wake-up call to cities in remote parts of the country.

“We might have thought this was a big city problem, or at least an affluent city or county problem, but I think what’s clear now is just about any local government is vulnerable,” he said.

In Texas, state authorities have not yet disclosed where exactly the attacks were based or how many computers have been swept up in the breach, meaning it is not yet known what services or data might have been compromised.

“Hitting 23 towns at once was bad, but we don’t know how much damage was done,” Liska said. “One computer in each town versus 100 computers in each town is a big difference.”

https://www.npr.org/2019/08/20/752695554/23-texas-towns-hit-with-ransomware-attack-in-new-front-of-cyberassault

Story 2: President Trump Does Not Support Universal Background Checks But Does Support Meaningful Intelligent Background Checks  — Videos

White House pushes back on background check claims

Lou Dobbs Tonight 8/20/19 | Breaking Fox News August 20, 2019

Story 3: President Trump Looking At Payroll Tax Cuts — Videos

Bank of America CEO Moynihan on the Economy, Recession Risks and Trade

What are the warning signs of a recession?

Are we heading for a global recession? – BBC Newsnight

The Point: Trump admits China war could bring economic recession

President Trump Wants To Cut Payroll Taxes

President Trump Says He’s Considering Payroll Tax Cut To Boost Economy | NBC Nightly News

President Trump may be considering options to prevent recession

Trump touts economy but payroll tax discussion reveals recession fears

Trump attacks Fed chair, pushes back on recession fears

Donald Trump says he will risk a ‘RECESSION for two months’ as a price for his China trade war saying only ‘dumb people’ don’t get what he us doing – and he admits he IS considering emergency tax cuts

  • Donald Trump spent morning retweeting aides and media allies to back his claim that recession warnings are a plot to unseat him in 2020
  • He retweeted a supporter who described him as having ‘super human energy,’ and a series of claims that the media is trying to crash the economy
  • ‘Somebody had to take China on,’ he argued. ‘China’s been grifting off this country for 25 years’ 
  • Told a reporter asking about a recession: ‘I am doing this whether it’s good or bad for your statement about, “Oh, will we fall into a recession for two months?” ‘
  • Trump declared, ‘The fact is, somebody had to take China on. My life would be a lot easier, if I didn’t take China on. But I like doing it, because I have to do it’
  • Also tweeted Mike Pence claiming Michigan’s economy is strong on day electorally-critical state was hit by U.S. Steel layoffs 
  • Admitted during an Oval Office meeting with Romania’s president that he’s considering a payroll tax cut and railed against the Federal Reserve and China
  • Dow closed 173.35 points down at 25,962.44 after rallying on Monday, in the latest market fluctuation. 

President Donald Trump says he’s willing to risk a ‘recession for two months’ to bring China to heel, declaring Tuesday that only ‘dumb people’ don’t understand his trade war and tariffs policies.

An angry Trump warned reporters that if he hadn’t challenged China, theft of intellectual property would hurt companies like Apple even more in the long term than his tariffs.

‘Somebody had to take China on,’ he argued. ‘China’s been grifting off this country for 25 years, but longer than that. And it’s about time, whether it’s good for our country, or bad for our country short term. Long term, it’s imperative that somebody does this because our country cannot continue to pay China $500 billion because stupid people are running it.’

He argued, ‘Whether its good or bad short term is irrelevant. We have to solve the problem with China.’

‘Whether it’s good or bad, the short term is irrelevant. We have to solve the problem with China because they’re taking out $500 billion a year plus. And that doesn’t include intellectual property theft and other things. And also, national security, so I am doing this whether it’s good or bad for your statement about, “Oh, will we fall into a recession for two months?” ‘ he told a journalist asking him about the possibility of a downturn.

Trump declared, ‘The fact is, somebody had to take China on. My life would be a lot easier, if I didn’t take China on. But I like doing it, because I have to do it. And we’re getting great help. China’s had the worst year they’ve had in 27 years, and a lot of people saying the worst year they’ve had in 54 years, OK?

President Donald Trump says he's willing to risk a 'recession for two months' to bring China to heel, declaring Tuesday that only 'dumb people' don't understand his trade war and tariffs policies

President Donald Trump says he’s willing to risk a ‘recession for two months’ to bring China to heel, declaring Tuesday that only ‘dumb people’ don’t understand his trade war and tariffs policies

Trump will risk recession as trade war with China ‘had to be done’

Fuming, the president insisted to journalists: ‘We’re winning big. I took it on.

‘And I’m happy to do it. Because it had to be done. And the smart people say, thank you very much. And the dumb people have no idea. And then you have the political people, and they go with the wind. But they all know.’

He defended his tariffs on China, arguing, ‘My trade deals aren’t causing a problem. This is something that had to be done.’ 

Trump also confirmed that he’s looking at a payroll tax cut, acknowledging that it’s ‘something we think about and a lot of people would like’ him to pursue to stimulate the economy.

Sitting next to Romanian President Klaus Iohannis, the president denied that the U.S. economy is in distress.

‘I think the word recession is a word that’s inappropriate,’ he asserted. ‘Certain people and the media are trying to build up, because they’d love to see a recession.’

He urged the Federal Reserve to cut rates again and said at a ‘minimum they should be doing nothing,’ as he lashed out against the financial institution.

Trump slams Fed, says US economy is ‘far from a recession’

Trump said it should not be decreasing the amount of money in circulation, a monetary policy known as quantitative tightening.

‘The fed is psychologically very important,’ he said in the Oval Office meeting, where he took half-an-hour of questions from gathered journalists.

The president offered up the EU and Germany as examples, saying, ‘You have to be proactive, and so we really need a fed cut rate because if you look what’s going on with the European Union, as an example, they’re cutting.

‘If you take a look at Germany, what they’re doing and what they’re doing, and what they’re paying, they’re actually doing something inverse, nobody’s ever seen it before, we have to at least keep up to an extent,’ he said. ‘So we’re looking for a rate cut.’

Trump’s remarks aired on television as Wall Street was winding down for the day.

It closed 173.35 points down at 25,962.44 after rallying on Monday, in the latest market fluctuation.

Trump accused Democrats Tuesday of running a strategy to drive the nation into recession, as he amplified claims from his allies that the economy is stronger under his leadership.

In a morning tweet storm which came as White House officials discussed how to stimulate the economy at the same time as Trump is denying a recession is looming, he retweeted Mike Pence, his campaign manager and three favored media allies – Geraldo Riviera and Jesse Watters of Fox News and Maria Bartiromo of Fox Business network.

One credited Trump with ‘super human energy,’ and pushed his own claim that Democrats are trying to drive the country into recession to beat him in 2020.

And GOP chairwoman Ronna McDaniel argued in tweets that manufacturing optimism is up and unemployment is down.

Trump seconded his campaign manager, Brad Parscale, who proclaimed in a message, ‘The liberal media is so deranged by President [Donald Trump] that they’re now cheering for the economy to tank – sorry to disappoint Democrats, but the economy has never been stronger!’

And the tweetstorm pointedly included praise for the economy in Michigan from vice president Mike Pence, who was traveling there Tuesday, on the day that U.S. Steel was revealed to be laying off hundreds and shuttering blast furnaces.

 

 

 

Tweet storm of praise: Trump turned to Twitter for backers of his claim that warnings of a recession are being driven by a desire to remove him from office

Tweet storm of praise: Trump turned to Twitter for backers of his claim that warnings of a recession are being driven by a desire to remove him from office

U.S. Steel –  a company whose renaissance has been a key part of the Trump narrative – said it would lay off 200 workers. It will also idle two blast furnaces for at least six months at Great Lakes and Gary Works plants, citing lower steel prices and softening demand.

The layoffs were characterized as temporary in filings,but the company admitted they could last longer than six months, in another indicator that the U.S. economy is slowing down.

Michigan is critical to Trump’s re-election prospects after the shock victory there played a key part in putting him in the White House.

In more bad news for Trump, a top lender, JP Morgan Chase assessed that Trump’s tariffs on China will cost American consumers $1,000 a household.

Despite Trump’s bravado on social media and previous bullish public comments, his  White House spokesman Hogan Gidley confirmed talks were under way on some form of stimulus.

He denied only a specific report that the measure bring considered a payroll tax cut and told Fox News: ‘It’s not being considered at this time but he’s looking at all options out there to try and give people back so much of the hard earned money they’ve made.’

A Washington Post report had cited sources at the White House said the administration was considering a temporary cut to the 6.2 percent tax to prevent a downturn.

The suggestion was modeled after a two percent slash Obama made in his first term, which expired in 2013 as job growth ticked up again.

On Monday night, a White House official told DailyMail.com that a payroll tax isn’t under discussion currently, although the person left the door open to future tax cuts to stimulate the economy.

‘As Larry Kudlow said yesterday, more tax cuts for the American people are certainly on the table, but cutting payroll taxes is not something under consideration at this time,’ the official said.

Kudlow had on Fox News Sunday said the president’s Oct. 2018 promise to pursue tax cuts for the middle class was still alive.

He denied that the nation was on the verge of a recession, however, after fill-in host Dana Perino asked about emergency action to counteract a recession.

‘Well, first of all I don’t see a recession at all. Second of all, the Trump pro-growth program, which I believe has been succeeding lower tax rates, bid rollback of regulations, energy opening, trade reform, we’re going to stay with that,’ he said. ‘We believe that’s the heart of the free enterprise. We want an incentive-oriented supply-side economy, providing opportunities for everybody across the board.’

He said, ‘That’s about as good as it gets and I notice, at the end of the week, a lot of the Wall Street firms have been marking up their economic growth forecasts. I think we’re in pretty good shape and I want to just say you know, we should not be afraid of optimism.’

Under questioning about a call that Trump had last Wednesday with JP Morgan’s Jamie Dimon and the CEOs of two other leading lenders, he suggested the conversation was about the president’s tariffs on China.

The lender said Tuesday that the next round of tariffs, which were delayed until Dec. 15, are likely to bring the cost per household this year up to $1,000.

Trump and his aides have now spent days denying publicly that a recession is on the horizon and the U.S. needs to take action. The president said Sunday that he’s ‘prepared’ to counteract one, though, if a financial downturn takes the country by surprise.

Trump insisted that American consumers are ‘not paying for the tariffs’ that he has on $250 billion of Chinese goods, so far, and said he’s reconsidering a plan to put tariffs on laptops and cells phones in December, to protect American consumers and companies.

He accused his political opponents of trying to bring down the United States’ economy to hurt his reelection chances on Monday, as his administration tried to put out a wildfire of claims that a recession might be on the way.

Trump said Monday that economy is doing well despite ‘very selfish’ political angling of Democrats on a mission to oust him from the White House.

‘Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to “will” the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world,’ he tweeted.

On the spot: Donald Trump and his aides have now spent days denying that a recession is looming

On the spot: Donald Trump and his aides have now spent days denying that a recession is looming

Trump said that economy is doing well despite 'very selfish' political angling of Democrats, who are on a mission to oust him from the White House

Trump said that economy is doing well despite ‘very selfish’ political angling of Democrats, who are on a mission to oust him from the White House

He added, ‘The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!’

Last week, the president accused the media of ‘doing everything they can to crash the economy because they think that will be bad for me and my re-election.’

He blamed a wide array of third parties, including Joe Biden and the Hong Kong protesters, accusing them of scuttling a trade deal with Beijing that would help both countries’ economies.

Three-quarters of economists predict a U.S. recession by 2021 in survey – but number who say it will be after the presidential election rises

A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021.

In total, 74% economists surveyed by the National Association for Business Economics, in a report being released Monday, said they believe a slowing economy will tip into recession by 2021.

However there is some good news in the survey for the president, with the number who see a recession in 2020 down from 42% to 38%, while the number predicting a 2021 recession is at 34%.  That’s up from 25% in a survey taken in February.

Only 2% of those polled expect a recession to begin this year, down from 10% in February. A slightly higher number than before – 14% – say it will be later than 2021.

Trump, however, has dismissed concerns about a recession, offering an optimistic outlook for the economy after last week’s steep drop in the financial markets and saying on Sunday, ‘I don’t think we’re having a recession.’ A strong economy is key to the Republican president’s 2020 reelection prospects.

The economists have previously expressed concern that Trump’s tariffs and higher budget deficits could eventually dampen the economy.

Response: What business economists surveyed by the National Association for Business Economics are saying about a downturn

Response: What business economists surveyed by the National Association for Business Economics are saying about a downturn

The Trump administration has imposed tariffs on goods from many key U.S. trading partners, from China and Europe to Mexico and Canada.

Officials maintain that the tariffs, which are taxes on imports, will help the administration gain more favorable terms of trade. But U.S. trading partners have simply retaliated with tariffs of their own.

Trade between the U.S. and China, the two biggest global economies, has plunged. Trump decided last Wednesday to postpone until Dec. 15 tariffs on about 60% of an additional $300 billion of Chinese imports, granting a reprieve from a planned move that would have extended duties to nearly everything the U.S. buys from China.

The financial markets last week signaled the possibility of a U.S. recession, adding to concerns over the ongoing trade tensions and word from Britain and Germany that their economies are shrinking.

The economists surveyed by the NABE were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result, 64% suggested a superficial agreement was possible and nearly 25% expected nothing to be agreed upon by the two countries.

The 226 respondents, who work mainly for corporations and trade associations, were surveyed between July 14 and Aug. 1.

That was before the White House announced 10% tariffs on the additional $300 billion of Chinese imports, the Chinese currency dipped below the seven-yuan-to-$1 level for the first time in 11 years and the Trump administration formally labeled China a currency manipulator.

As a whole, the business economists’ recent responses have represented a rebuke of the Trump administration’s overall approach to the economy.

Still, for now, most economic signs appear solid. Employers are adding jobs at a steady pace, the unemployment rate remains near a 50-year low and consumers are optimistic. U.S. retail sales figures out last Thursday showed that they jumped in July by the most in four months.

The survey showed a steep decline in the percentage of economists who found the $1.5 trillion in tax cuts over the next decade ‘too stimulative’ and likely to produce higher budget deficits that should be reduced, to 51% currently from 71% in August 2018.

https://www.dailymail.co.uk/news/article-7376495/Trump-says-hes-looking-payroll-tax-cut-pushes-recession-claims.html

 

Story 4: Big Lie Media. Radical Extremist Democrat Socialists (REDS), and Trump Haters Hope The United States Economy Goes Into A Recession to Defeat Trump — Betrayal of The American People — Videos

Are Trump’s media critics rooting for recession?

Bill Maher roots for recession to get Trump out of office

Bill Maher says recession is ‘worth it’ if Trump loses in 2020

Lou Dobbs Tonight 8/20/19 | Breaking Fox News August 20, 2019

Is the world heading for a recession? | FT

Trump Warns of Economic Downturn if He Loses Next Year

Trump’s Victory Shattered The Democrats, They’ve Been Struggling Ever Since

White House dismisses fears of a recession l ABC News

 

Recession is at the top of Trump haters’ wish list

I’m not saying they are just hoping for a recession. It’s obvious the haters would like that.

But are they trying to cause a recession?

Comedian and Trump ultra-hater Bill Maher has already spoken for his side. “We have survived many recessions. We can’t survive another Donald Trump term,” Maher is quoted as saying.

You know what: Trying to cause a recession would actually be the most rational thing the president’s opponents have tried. The trouble is, this strategy doesn’t seem to be working. Not yet, at least.

I’ll get to that in a bit.

But first let’s go over the more irrational solutions that the president’s opponents have considered or have actually acted upon.

Right after the election, the Trump haters floated these doozies: Get the Electoral College voters to go against the wishes of their states and keep Trump from the presidency. When that didn’t work, they tried — at least according to a wishful press — to get members of Trump’s own cabinet to decline him unfit for office.

Strike two.

And, of course, there was whatever was going on inside the FBI and other intelligence agencies that were spying on the Trump campaign and pulling dirty tricks before and after his election.

That didn’t work either and we will find out more about what was going on when a report concerning all this comes from Michael Horowitz, the inspector general of the Justice Department, sometime in the very near future.

So that brings us back to the possibility — and for the haters, the last hope — that there will be a recession and that it will affect the next presidential election, which is a little more than a year away.

As I said, this isn’t an irrational tactic to take against Trump.

Elections are mostly won or lost on how the economy is doing. And right now, while there is lots of talk about a 2020 recession that will hurt Trump, that’s really all it is — talk. And it’s mostly talk in the media and among Democrats.

But this chatter is causing Trump to bring up the issue of a recession regularly to defend himself — which publicizes the possibility of an economic downturn even more.

You have probably heard that consumers control about 80% of the US economy. Recessions happen for a lot of reasons — a mistake by the Federal Reserve, economic problems overseas, careless lending by banks, a stock market crash, trade wars and war wars.

Some of those things, and others, can lead to a recession. But most of the things I just mentioned have been going on at times over the past 10 years and still there hasn’t been a recession since the Great One of 2007 to 2009.

But the quickest way to cause a recession is to kill the confidence of consumers. Without the consumer being willing to spend, the economy will crap out.

That’s where all the talk of a recession comes in. If the Trump haters in and outside the media can convince consumers that the next recession is right around the corner, the next recession just might be right around the corner.

And with any luck, the recession will happen just in time to be on voters’ minds when they decide whether to keep President Trump in office or kick him to the cul-de-sac.

What the haters really need is for Americans to forget all the irrational stuff they’ve already failed at and just focus on the economy. “It’s the economy, stupid,” is a Bill Clinton campaign motto that would need to be revised.

But here’s the problem. While helping cause a recession might be the rational thing for the haters to do politically, it comes with many drawbacks.

The biggest is that voters might figure out what the haters are doing and be pissed.

A recession will bring job losses. Will the American public blame the president, or can Trump cast the blame on his opponents?

And if this tactic is perceived as just another dirty trick, it might take the Democrats a very long time to regain the public’s support.

Trump certainly isn’t getting the kind of economy he wanted and even predicted. But growth is still around 2% a year, about where it was during most of the Obama administration.

Unemployment for everyone is down. And people are still spending, as recent retail sales figure show.

And the stock market is doing just fine, despite the president’s panic every time if falls a few percentage points.

But US debt levels have skyrocketed as Trump tried to boost the economy through a tax cut. And a tricky thing is happening in the bond markets — yields of shorter maturity government securities are higher than long-maturity yields.

This yield “inversion,” the experts say, is an omen of a coming recession. And the haters hope they are right.

Maybe, maybe not.

The chaos in the world could be making the US bond market flaky as foreign investors try to get assets out of their own country and into ours. And that, or some other market quirk, could be causing the inversion.

This is all quite intriguing and will make a great movie one of these days. But right now, it’s just a drama that will end — thankfully — in November 2020.

https://nypost.com/2019/08/19/recession-is-at-the-top-of-trump-haters-wish-list/

 

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The Pronk Pops Show 1308, August 19, 2019, Story 1: Jeffrey Epstein Signed New Will Two Days Before Committing Suicide — Estate Estimated Value of $577 Million — Videos — Story 2: U.S. Test Medium-Range Cruise Missile After Exiting The Intermediate-range Nuclear Forces Treaty (INF) — Videos — Story 3: Russian Nuclear Powered Cruise Missile Test Explosion Accident Released High Levels of Radiation and Killed 7 — Videos — Story 4: Trump Economic Team Dismisses Fears of Recession — Blames The Federal Reserve For Raised Interest Rates — Videos

Posted on August 21, 2019. Filed under: 2020 President Candidates, 2020 Republican Candidates, Addiction, American History, Applications, Banking System, Blogroll, Breaking News, Budgetary Policy, Cartoons, Central Intelligence Agency, Communications, Computers, Congress, Countries, Cruise Missiles, Culture, Deep State, Defense Spending, Disasters, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Economics, Education, Empires, Employment, Energy, European History, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Dependency, Government Spending, Hardware, Health, Health Care Insurance, History, House of Representatives, Human, Human Behavior, Illegal Immigration, Immigration, Independence, Insurance, Killing, Labor Economics, Law, Legal Immigration, Life, Lying, Military Spending, MIssiles, Monetary Policy, National Security Agency, Natural Gas, Nuclear, Nuclear Weapons, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Psychology, Public Relations, Radio, Raymond Thomas Pronk, Regulation, Resources, Rule of Law, Russia, Senate, Servers, Social Networking, Social Science, Social Sciences, Software, Spying, Success, Tax Policy, Terror, Terrorism, Trade Policy, Transportation, United States of America, Videos, War, Wealth, Weapons, Weapons of Mass Destruction, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

 

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Image result for branco cartoons epstein new willSee the source image

See the source image

Real GDP: Percent change from preceding quarter, Q2 2019 Adv

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Experts said they suspected the explosion and the radiation release resulted from a mishap during the testing of a nuclear-powered cruise missile at a facility outside the village of Nyonoksa

 

Story 1: Jeffrey Epstein Signed New Will Two Days Before Committing Suicide — Estate Estimated Value of $577 Million — Videos

 

Jeffrey Epstein signed will two days before death, records show

Jeffrey Epstein signed a will just two days before he killed himself in the Manhattan federal jail, new court records show, opening a new legal front in what could be a years-long battle over the financier’s fortune.

Court papers filed last week in the US Virgin Islands list no details of beneficiaries but put the estate at more than 577 million US dollars (£475 million), including more than 56 million US dollars (£46 million) in cash.

The existence of the will, first reported by the New York Post, raised new questions about Epstein’s final days inside the Metropolitan Correctional Centre, where he was awaiting trial on federal sex trafficking and conspiracy charges.

His signing of the document foreshadowed his August 10 suicide, a jailhouse death that has prompted multiple federal inquiries and cast a harsh light on staffing shortages at the Manhattan facility.

Epstein died at the Metropolitan Correctional Centre (AP Photo/Mary Altaffer)

Epstein died at the Metropolitan Correctional Centre (AP Photo/Mary Altaffer)

On Monday, prosecutors moved to dismiss the indictment against Epstein but said they were considering whether to charge others with facilitating his alleged abuse of dozens of girls.

The filing of the will, meanwhile, had been closely followed by lawyers representing women who claim they were sexually abused by Epstein years ago when they were teenagers and recruited into his residences to provide him massages.

Several lawyers vowed to go after his assets even if the will had named beneficiaries, as Epstein’s death means there will be no trial on the criminal charges against him.

“Give his entire estate to his victims. It is the only justice they can get,” one of those lawyers, Lisa Bloom, wrote in an email. “And they deserve it. And on behalf of the Epstein victims I represent, I intend to fight for it.”

Former federal prosecutor David S Weinstein, who is now in private practice in Miami but not involved in the Epstein case, said states and US territories have certain time frames within which to make a claim against someone’s estate.

“There are certainly going to be a lot of lawyers involved,” he said. “It’s not going to be over any time soon.”

A hedge fund manager who hobnobbed with the rich and famous, Epstein owned a Caribbean island, homes in Paris and New York City, a New Mexico ranch and a fleet of high-price cars.

He had more than 112 million US dollars (£92 million) worth of equities, according to the will, and nearly 200 million dollars (£165 million) in “hedge funds & private equity investments”.

Among the properties that will be subject to appraisal and valuation are his collection of fine arts, antiques and other collectables.

As part of his 2008 plea deal to Florida state charges, Epstein made undisclosed financial settlements with dozens of his victims.

It is unclear how those settlements might affect any new claims made on his estate.

William Blum, a lawyer for Epstein’s estate, said in a statement to The Associated Press that any debts or claims against the estate will be “fairly administered”.

He said the document was Epstein’s original last will.

https://www.dailymail.co.uk/wires/pa/article-7373527/Jeffrey-Epstein-signed-two-days-death.html

 

Story 2: U.S. Test Medium-Range Cruise Missile After Exiting The Intermediate-range Nuclear Forces Treaty (INF).

 

US tests medium-range cruise missile in the wake of INF treaty exit

 

U.S. tests first ground-launched cruise missile after INF treaty exit

 

The Pentagon said on Monday it tested a conventionally configured ground-launched cruise missile with a range of more than 500 km, the first such test since the United States pulled out of the Intermediate-range Nuclear Forces Treaty (INF).

The United States formally withdrew from the landmark 1987 pact with Russia on Aug. 2 after determining that Moscow was violating the treaty, an accusation the Kremlin has denied.

The treaty, negotiated by then-U.S. President Ronald Reagan and Soviet leader Mikhail Gorbachev, banned land-based missiles with a range of between 310 and 3,400 miles (500 to 5,500 km).

In a statement, the Pentagon said the test took place on Sunday at San Nicolas Island, California, and the missile hit its target after more than 500km of flight.

The test would have been prohibited by the INF treaty.

“The testing by (the) U.S. military of a land-based missile banned under INF treaty two weeks after the official termination of this treaty is a blatant cynicism and mockery of the international community,” the RIA news agency cited Russian lawmaker Frants Klintsevich as saying on Monday.

a close up of a flag: National flags of Russia and U.S. fly at Vnukovo International Airport in Moscow© Reuters/Maxim Shemetov National flags of Russia and U.S. fly at Vnukovo International Airport in Moscow

“We, of course, will do our best in the shortest period of time to ensure that the United States does not have superiority in these types of weapons,” he said, adding that Russia did not intend to enter into an arms race.

U.S. officials had said for a number of months that they planned to carry out the test in August. The United States plans to test an intermediate-range ballistic missile in November.

Moscow denies flouting the accord and has accused Washington of breaking the pact, allegations rejected by the United States.

The dispute is aggravating the worst U.S.-Russia friction since the Cold War ended in 1991. Some experts believe the treaty’s collapse could undermine other arms control agreements and speed an erosion of the global system designed to block the spread of nuclear arms.

A Pentagon spokesman told Reuters that Sunday’s test used an MK41 launcher, but the system tested was not the same as the Aegis Ashore missile defence system currently operating in Romania and under construction in Poland.

Russia’s Defense Ministry did not reply to a Reuters request for comment sent outside normal working hours.

“Russia had alleged for years that the land-based MK-41 could launch Tomahawks and therefore would violate the treaty,” said Kingston Reif, director for disarmament research at the Arms Control Association advocacy group.

“Even though this is the first test of the combination, Russia will no doubt claim vindication,” Reif said.

U.S. Defense Secretary Mark Esper has said that while he is in favour of placing ground-launched, intermediate-range missiles in Asia, it could be years before such missiles are ready to be deployed.

https://www.msn.com/en-au/news/world/us-tests-first-ground-launched-cruise-missile-after-inf-treaty-exit/ar-AAG1N0S

Story 3: Russian Nuclear Powered Cruise Missile Test Explosion Accident Released High Levels of Radiation and Killed 7 — Videos

Kremlin on suspected missile explosion: ‘Accidents happen’

7 Killed In Explosion At Suspected Test Site For Secret Nuclear-Propelled Missile | NBC Nightly News

Russian nuclear reactor explosion shrouded in mystery

What we know about deadly radiation explosion at Russian military site

What’s behind Russia’s mysterious nuclear incident? | DW News

Five confirmed dead in explosion at military testing site in northern Russia

Radiation Containment A New Concern In Russian Nuclear Incident | Rachel Maddow | MSNBC

Russia Missile Explosion: Govt tells Nyonoksa residents to leave village

Top Secret Russian Nuclear Engine Explodes During Testing

Russia evacuates village near site of military blast as experts reveal radiation levels spiked by 16 times after rocket engine accident

  • Evacuation of village of Nyonoksa was ordered today after last Thursday’s blast
  • Five employees of Kremlin’s nuclear agency died in the missile engine explosion
  • Officials had previously claimed that no dangerous substances were released
  • This despite the nearby city of Severodvinsk seeing a 16-fold spike in radiation

Russia will evacuate a village tomorrow near the site of a military missile blast after experts revealed radiation levels had spiked 16-fold after the rocket accident.

Five employees of the Kremlin’s nuclear agency died when a rocket engine exploded at the far northern military base last Thursday outside the village of Nyonoksa.

Today’s Russia’s state weather service said radiation levels had spiked in the nearby city of Severodvinsk up to 16 times last week, despite officials previously claiming no dangerous substances had been released.

A pre-dawn train will evacuate all 500 villagers of Nyonksa on Wednesday, ahead of what the authorities claim were pre-planned activities by the military.

Norway's nuclear safety authority said it is studying radioactive iodine particles detected near the Russian border in the days after a suspected nuclear-powered missile exploded at the Nyonoksa military base (pictured)

A mysterious Russian military explosion that left five Russian scientists dead last week happened during tests on a new nuclear-powered rocket. Officials were seen wearing protective clothing as they transported casualties last week (pictured)

A mysterious Russian military explosion that left five Russian scientists dead last week happened during tests on a new nuclear-powered rocket. Officials were seen wearing protective clothing as they transported casualties last week (pictured)

The five victims of the Russian military ‘radiation explosion’ were buried yesterday in a sombre mourning ceremony in ‘closed’ nuclear research town Sarov

The five victims of the Russian military ‘radiation explosion’ were buried yesterday in a sombre mourning ceremony in ‘closed’ nuclear research town Sarov

The “national heroes” were given a military salute of gunfire over their heavy coffins at a local cemetery

The ‘national heroes’ were given a military salute of gunfire over their heavy coffins at a local cemetery

A cortège of black vehicles brought the five coffins to the mourning ceremony which was held at the institute and later the cemetery

A cortège of black vehicles brought the five coffins to the mourning ceremony which was held at the institute and later the cemetery

Today it was revealed, ten medics who provided treatment to the wounded last week had been dispatched to Moscow for urgent medical checks.

The front-line doctors were reported to be ‘depressed as to why they were not told what they were dealing with’ in the aftermath of the weapons test.

The medics were not informed that they needed special anti-radiation suits.

One surgeon’s clothing was checked after an operation using a radiation measuring device – and found to be seriously contaminated.

They have been sent to Burnazyan Federal Medical and Biophysical Centre which specialises in conditions caused by radiation, and where wounded scientists from the incident are also being treated.

US nuclear experts this weekend blamed the testing of a nuclear-powered cruise missile for the mysterious explosion.

The Russian Ministry of Defence, quoted by state-run news outlets, had reported the blast was from liquid propellant for a rocket engine.

Thousands of people attended the burials of the five nuclear engineers killed in the accident yesterday in the city of Sarov.

In February the Russian state news agency released a video claiming to show a test of the Burevetnik missile which the Kremlin says is designed to strike over 'unlimited' range and with with unprecedented ability to manoeuvre

A pre-dawn train will evacuate all 500 villagers of Nyonksa on Wednesday, ahead of what the authorities claim were pre-planned activities by the military

A pre-dawn train will evacuate all 500 villagers of Nyonksa on Wednesday, ahead of what the authorities claim were pre-planned activities by the military

Experts said they suspected the explosion and the radiation release resulted from a mishap during the testing of a nuclear-powered cruise missile at a facility outside the village of Nyonoksa

Experts said they suspected the explosion and the radiation release resulted from a mishap during the testing of a nuclear-powered cruise missile at a facility outside the village of Nyonoksa

Two of the men were blown into the sea at the top secret naval weapons testing zone in the White Sea.

Their bodies were initially lost but later found and funerals for all those killed were to be held in a secret closed nuclear research town in Sarov from where foreigners are banned.

According to one version, the troubling missile accident came as the scientists were working on the nuclear engine of deadly Burevestnik cruise missile with ‘unlimited range’ – nicknamed the ‘Flying Chernobyl’ – when it exploded.

One of the dead was Evgeny Korotaev, 50, a leading electronics engineer and also a popular DJ, whose second wife had given birth to twin girls just seven months ago.

Like the other dead, he worked for the classified Institute of Experimental Physics based in Sarov, 235 miles east of Moscow, known as Arzamas-16 in Soviet times.

Vyacheslav Lipshev, 40, was one of the experts killed in the blast. His widow Natalia Alexeeva, 40, posted a tribute: 'I love you my dear, how will I live without you? You are my everything.'

Vyacheslav Lipshev, 40, was one of the experts killed in the blast. His widow Natalia Alexeeva, 40, posted a tribute: ‘I love you my dear, how will I live without you? You are my everything.’

Software and hardware specialist Alexey Vyushin, 43, who had developed a high-energy photon spectrometer was also killed

Another killed was Vyasheslav Yanovsky, 71, one of Russia's most senior nuclear scientists, deputy head of research and testing at the institute

 

Software and hardware specialist Alexey Vyushin (left), 43, and Vyasheslav Yanovsky (right), 71, were both killed

His daughter from the first marriage, Oksana, 26, posted a childhood picture of her with her father and the caption: ‘Daddy, I love you so much.’

She only recently gave birth to his grandchild.

Another killed was Vyasheslav Yanovsky, 71, one of Russia’s most senior nuclear scientists, deputy head of research and testing at the institute.

He was an ‘honoured worker’ of Moscow’s nuclear industry, and died alongside Vyacheslav Lipshev, 40, head of the institute’s research and development team.

Lipishev’s widow Natalia Alexeeva, 40, posted a tribute: ‘I love you my dear, how will I live without you? You are my everything.’

Software and hardware specialist Alexey Vyushin, 43, who had developed a high-energy photon spectrometer, and Sergey Pichugin, 45, a testing engineer, were also killed.

One of the dead was Evgeny Korotaev, 50, a leading electronics engineer and also a popular DJ, whose second wife had given birth to twin girls just seven months ago.

One of the dead was Evgeny Korotaev, 50, a leading electronics engineer and also a popular DJ, whose second wife had given birth to twin girls just seven months ago.

Oksana Korataeva (pictured) is the eldest daughter of Evgney Korataev, who died in the blast

Oksana Korataeva (pictured) is the eldest daughter of Evgney Korataev, who died in the blast

Korotaev's daughter from the first marriage, Oksana, 26, posted a childhood picture of her with her father and the caption: 'Daddy, I love you so much.'

Korotaev’s daughter from the first marriage, Oksana, 26, posted a childhood picture of her with her father and the caption: ‘Daddy, I love you so much.’

All are expected to be honoured posthumously by Vladimir Putin.

President Donald Trump weighed in on the catastrophe yesterday, tweeting, ‘The United States is learning much from the failed missile explosion in Russia.

‘We have similar, though more advanced, technology. The Russian ‘Skyfall’ explosion has people worried about the air around the facility, and far beyond. Not good!’

The U.S. and the Soviet Union pondered nuclear-powered missiles in the 1960s, but they abandoned those projects as too unstable and dangerous.

While presenting the new missile, Putin claimed it will have an unlimited range, allowing it to circle the globe unnoticed, bypassing the enemy’s missile defense assets to strike undetected.

Nuclear centre deputy head Vyacheslav Solovyev admitted the scientists were killed by an explosion in a small nuclear reactor, part of the engine of the missile

Nuclear centre deputy head Vyacheslav Solovyev admitted the scientists were killed by an explosion in a small nuclear reactor, part of the engine of the missile

Some reports suggested previous tests of the Burevestnik missile had been conducted on the barren Arctic archipelago of Novaya Zemlya and the Kapustin Yar testing range in southern Russia before they were moved to Nyonoksa.

Moving the tests from sparsely populated areas to a range close to a big city may reflect the military’s increased confidence in the new weapon.

https://www.dailymail.co.uk/news/article-7352515/Russia-evacuates-village-near-site-military-blast-experts-reveal-radiation-levels-spiked.html

 

Story 4: Trump Economic Team Dismisses Fears of Recession — Blames The Federal Reserve For Raised Interest Rates — Economy Is Growing — Videos

See the source image

 

Perspective from the BEA Accounts

BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.

Gross Domestic Product, 2nd quarter 2019 (advance estimate), and annual update
2nd quarter 2019:
2.1 percent
1st quarter 2019:
3.1 percent

Real gross domestic product (GDP) increased 2.1 percent in the second quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

  • Current Release: July 26, 2019
  • Next Release: August 29, 2019

https://www.bea.gov/news/glance

 

White House downplays recession fears

White House dismisses fears of a recession l ABC News

Hogan Gidley echoes Trump: Media are pushing a recession

The Federal Reserve shouldn’t be manipulating interest rates: Steve Forbes

Milton Friedman on Money / Monetary Policy (Federal Reserve) Part 1

Milton Friedman on Money / Monetary Policy (Federal Reserve) Part 2

Milton Friedman Speaks: Money and Inflation (B1230) – Full Video

On Milton Friedman | Murray N. Rothbard

Does this line predict America’s next recession? | The Economist

Are we heading for a global recession? – BBC Newsnight

Banking 14: Fed Funds Rate

Banking 15: More on the Fed Funds Rate

Banking 16: Why target rates vs. money supply

What is RESERVE REQUIREMENT? What does RESERVE REQUIREMENT mean? RESERVE REQUIREMENT meaning

 

Reserve requirement

From Wikipedia, the free encyclopedia

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The reserve requirement (or cash reserve ratio) is a central bank regulation employed by most, but not all, of the world’s central banks, that sets the minimum amount of reserves that must be held by a commercial bank. The minimum reserve is generally determined by the central bank to be no less than a specified percentage of the amount of deposit liabilities the commercial bank owes to its customers. The commercial bank’s reserves normally consist of cash owned by the bank and stored physically in the bank vault (vault cash), plus the amount of the commercial bank’s balance in that bank’s account with the central bank.

The required reserve ratio is sometimes used as a tool in monetary policy, influencing the country’s borrowing and interest rates by changing the amount of funds available for banks to make loans with.[1] Western central banks rarely increase the reserve requirements because it would cause immediate liquidity problems for banks with low excess reserves; they generally prefer to use open market operations (buying and selling government-issued bonds) to implement their monetary policy. The People’s Bank of China uses changes in reserve requirements as an inflation-fighting tool, and raised the reserve requirement ten times in 2007 and eleven times since the beginning of 2010.

An institution that holds reserves in excess of the required amount is said to hold excess reserves.

Contents

Effects on money supply

Conventional view

The theory that a reserve requirement can be used as a tool of monetary policy is frequently found in economics textbooks. Under the theory, the higher the reserve requirement is set, the less funds banks will have available to lend out,[citation needed] leading to lower money creation and perhaps to higher purchasing power of the money previously in use. Under this view, the effect is multiplied, because money obtained as loan proceeds can be re-deposited, and a portion of those deposits may again be lent out,[citation needed] and so on. Under this theory, the effect on the money supply is governed by the following formulas:

{\displaystyle M_{1}=MB*m\,} : definitional relationship between monetary base MB (bank reserves plus currency held by the non-bank public) and the narrowly defined money supply{\displaystyle M_{1}},
{\displaystyle m={\frac {(1+c)}{(c+R)}}={\frac {1+{\frac {C}{D}}}{{\frac {C}{D}}+R}}} : derived formula for the money multiplier m, the factor by which lending and re-lending leads {\displaystyle M_{1}} to be a multiple of the monetary base:

where notationally,

{\displaystyle c=} the currency ratio: the ratio of the public’s holdings of currency (undeposited cash) to the public’s holdings of demand deposits; and
{\displaystyle R=} the total reserve ratio (the ratio of legally required plus non-required reserve holdings of banks to demand deposit liabilities of banks).

However, in the United States (and other countries except Brazil, China, India, Russia), the reserve requirements are generally not frequently altered to implement monetary policy because of the short-term disruptive effect on financial markets.[citation needed]

Endogenous money view

Some economists dispute the conventional theory of the reserve requirement.[2] Criticisms of the conventional theory are usually associated with theories of endogenous money.

Jaromir Benes and Michael Kumhof of the IMF Research Department report that the “deposit multiplier” of the undergraduate economics textbook, where monetary aggregates are created at the initiative of the central bank, through an initial injection of high-powered money[clarification needed] into the banking system that gets multiplied through bank lending, turns the actual operation of the monetary transmission mechanism on its head. Benes and Kumhof assert that in most cases where banks ask for replenishment of depleted reserves, the central bank obliges.[3] Under this view, reserves therefore impose no constraints, as the deposit multiplier is simply, in the words of Kydland and Prescott (1990), a myth. Under this theory, private banks almost fully control the money creation process.[4]

Required reserves

United States

In the United States, a reserve requirement[5] (or liquidity ratio) is a minimum value, set by the Board of Governors of the Federal Reserve System, of the ratio of required reserves to a category of deposit liabilities (called the “Net Transaction Accounts” or “NTAs”) owed by depository institutions to their customers (e.g., owed by commercial banks including U.S. branches of a foreign bank, savings and loan associationsavings bankcredit union). The deposit liability categories currently subject to reserve requirements are mainly checking accounts. There is no reserve requirement on savings accounts and time deposit accounts owned by individuals.[6] The total amount of all NTAs held by customers with U.S. depository institutions, plus the U.S. paper currency and coin currency held by the nonbank public, is called M1.

A depository institution can satisfy its reserve requirements by holding either vault cash[7] or reserve deposits. An institution that is a member of the Federal Reserve System must hold its reserve deposits at a Federal Reserve Bank. Nonmember institutions can elect to hold their reserve deposits at a member institution on a pass-through basis.[8]

A depository institution’s reserve requirements vary by the dollar amount of NTAs held by customers of that institution. Effective January 18, 2018, institutions with net transactions accounts:

  • Of less than $16 million have no minimum reserve requirement;
  • Between $16 million and $122.3 million must have a liquidity ratio of 3% of NTAs;
  • Exceeding $122.3 million must have a liquidity ratio of 10% of NTAs.[8]

The threshold monetary amounts are recalculated annually according to a statutory formula.

Effective 27 December 1990, a liquidity ratio of zero has applied to CDs and time deposits, owned by entities other than households, and the Eurocurrency liabilities of depository institutions. Deposits owned by foreign corporations or governments are currently not subject to reserve requirements.[8]

When an institution fails to satisfy its reserve requirements, it can make up its deficiency with reserves borrowed from a Federal Reserve Bank or from an institution holding reserves in excess of reserve requirements. Such loans are typically due in 24 hours or less.

An institution’s overnight reserves, averaged over some maintenance period, must equal or exceed its average required reserves, calculated over the same maintenance period. If this calculation is satisfied, there is no requirement that reserves be held at any point in time. Hence reserve requirements play only a limited role in money creation in the United States. Since quantitative easing began in 2008, they have been even less important, as an enormous glut of excess reserves now exists (over the whole system, though in theory, individual banks may still run into temporary shortfalls).

The International Banking Act of 1978 requires branches of foreign banks operating in the United States to follow the same required reserve ratio standards.[9][10]

Countries without reserve requirements

Canada, the UK, New Zealand, Australia, Sweden and Hong Kong[11] have no reserve requirements.

This does not mean that banks can—even in theory—create money without limit. On the contrary, banks are constrained by capital requirements, which are arguably more important than reserve requirements even in countries that have reserve requirements.

It also does not mean that a commercial bank’s overnight reserves can become negative, in these countries. The central bank will always step in to lend the necessary reserves if necessary so that this does not happen; this is sometimes described as “defending the payment system”. Historically a central bank might once have run out of reserves to lend and so have had to suspend redemptions, but this can no longer happen to modern central banks because of the end of the gold standard worldwide, which means that all nations use a fiat currency.

A zero reserve requirement cannot be explained by a theory that holds that monetary policy works by varying the quantity of money using the reserve requirement.

Even in the United States, which retains formal (though now mostly irrelevant[citation needed]) reserve requirements, the notion of controlling the money supply by targeting the quantity of base money fell out of favor many years ago, and now the pragmatic explanation of monetary policy refers to targeting the interest rate to control the broad money supply.

United Kingdom

In the UK the term clearing banks is sometimes used, meaning banks that have direct access to the clearing system. However, for the purposes of clarity, the term commercial banks will be used for the remainder of this section.

The Bank of England, which is the central bank for the entire United Kingdom, previously held to a voluntary reserve ratio system, with no minimum reserve requirement set. In theory this meant that commercial banks could retain zero reserves. The average cash reserve ratio across the entire United Kingdom banking system, though, was higher during that period, at about 0.15% as of 1999.[12]

From 1971 to 1980, the commercial banks all agreed to a reserve ratio of 1.5%. In 1981 this requirement was abolished.[12]

From 1981 to 2009, each commercial bank set out its own monthly voluntary reserve target in a contract with the Bank of England. Both shortfalls and excesses of reserves relative to the commercial bank’s own target over an averaging period of one day[12] would result in a charge, incentivising the commercial bank to stay near its target, a system known as reserves averaging.

Upon the parallel introduction of quantitative easing and interest on excess reserves in 2009, banks were no longer required to set out a target, and so were no longer penalised for holding excess reserves; indeed, they were proportionally compensated for holding all their reserves at the Bank Rate (the Bank of England now uses the same interest rate for its bank rate, its deposit rate and its interest rate target).[13] In the absence of an agreed target, the concept of excess reserves does not really apply to the Bank of England any longer, so it is technically incorrect to call its new policy “interest on excess reserves”.

Canada

Canada abolished its reserve requirement in 1992.[12]

Other countries

Other countries have required reserve ratios (or RRRs) that are statutorily enforced:[14]

Country Required reserve (in %) Note
Australia None Statutory reserve deposits abolished in 1988, replaced with 1% non-callable deposits[15]
New Zealand None 1985[16]
Sweden None Effective 1 April 1994[17]
Eurozone 1.00 Effective 18 January 2012.[18] Down from 2% between January 1999 and January 2012.
Czech Republic 2.00 Since 7 October 2009
Hungary 2.00 Since November 2008
South Africa 2.50
Switzerland 2.50
Latvia 3.00 Just after the Parex Bank bailout (24.12.2008), Latvian Central Bank
decreased the RRR from 7% (?) down to 3%[19]
Poland 3.50 As of 31 December 2010 [20]
Romania 8.00 As of 24 May 2015 for lei. 10% for foreign currency as of 24 October 2016.[21]
Russia 4.00 Effective 1 April 2011, up from 2.5% in January 2011.[22]
Chile 4.50
India 4.00 June 2 2015, as per RBI.[23]
Bangladesh 6.00 Raised from 5.50, effective from 15 December 2010
Lithuania 6.00
Nigeria 20.00 Raised from 15.00, effective from 25 November 2014[24]
Pakistan 5.00 Since 1 November 2008
Taiwan 7.00 [25]
Turkey 8.50 Since 19 February 2013
Jordan 8.00
Zambia 8.00
Burundi 8.50
Ghana 9.00
Iceland 2.00 [26]
Israel 9.00 The required reserve ratio is called minimum capital ratio.[27]
Mexico 10.50
Sri Lanka 8.00 With effect from 29 April 2011. 8% of total rupee deposit liabilities.
Bulgaria 10.00 Banks shall maintain minimum required reserves to the amount of 10% of the deposit base (effective from 1 December 2008) with two exceptions (effective from 1 January 2009): 1. on funds attracted by banks from abroad: 5%; 2. on funds attracted from state and local government budgets: 0%.[28]
Croatia 14.00 Down from 17%, effective from 14 January 2009[29]
Costa Rica 15.00
Malawi 15.00
Nepal 6.00 From 20 July 2014 (for commercial banks)[30]
Hong Kong None [11]
Brazil 21.00 Term deposits have a 33% RRR and savings accounts a 20% ratio.[31]
China 17.00 China cut bank reserves again to counter slowdown as of 29 February 2016.[32]
Tajikistan 20.00
Suriname 25.00 Down from 27%, effective 1 January 2007[33]
Lebanon 30.00 [34]

Historical changes in reserve ratios

In some countries, the cash reserve ratios have decreased over time; in some countries they have increased:[35]

Country 1968 1978 1988 1998
United Kingdom 20.5 15.9 5.0 3.1
Turkey 58.3 62.7 30.8 18.0
Germany 19.0 19.3 17.2 11.9
United States 12.3 10.1 8.5 10.3
India[36] 3 6 10 10-11

(Ratios are expressed in percentage points.)

See also

References

  1. ^ “Monetary Policy Aims – Bank of Russia”archive.org. 7 July 2001.
  2. ^ Michael, McLeay. “Money creation in the modern economy”(PDF). Bank of England.
  3. ^ Benes, Jaromir, and Michael Kumhof. The chicago plan revisited. International Monetary Fund, 2012. http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
  4. ^ Benes, Kumhof. http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
  5. ^ See generally Regulation D, at 12 C.F.R. sec. 204.4 and sec. 204.5
  6. ^ “eCFR — Code of Federal Regulations”http://www.ecfr.gov.
  7. ^ See 12 C.F.R. sec. 204.2(k).
  8. Jump up to:a b c “The Fed – Reserve Requirements”federalreserve.gov.
  9. ^ Ahorny, Joseph; Saunders, Anthony; Swary, Itzhak (1985). “The Effects of the International Banking Act on Domestic Bank Profitability and Risk”. Journal of Money, Credit, and Banking. JSTOR. 17: 493–506. JSTOR 1992444.
  10. ^ “International Banking Act of 1978”Banking Law 101.
  11. Jump up to:a b “Central banks’ exit strategies from quantitative easing”Hong Kong Monetary Authority. Retrieved 13 August 2009.
  12. Jump up to:a b c d Jagdish Handa (2008). Monetary Economics (2nd ed.). Routledge. p. 347.
  13. ^ “Sterling Operations – Implementation of Monetary Policy”. Bank of England. Retrieved 26 August 2013.
  14. ^ Lecture 8, Slide 4: “Central Banking and the Money Supply” from the presentation Monetary Macroeconomics by Dr. Pinar YesinUniversity of Zurich, based on 2003 survey of CBC participants at the Study Center Gerzensee
  15. ^ “Inquiry into the Australian Banking Industry”, Reserve Bank of Australia, January 1991
  16. ^ [1]
  17. ^ Lotsberg, Kari “Archived copy” (PDF). Archived from the original (PDF) on 8 December 2015. Retrieved 1 December2015. Penning- & valutapolitik, p. 45-47, 1994:2
  18. ^ Bank, European Central. “How to calculate the minimum reserve requirements”European Central Bank.
  19. ^ “Minimum Reserve Ratio”Bank of Latvia. Retrieved 29 December 2010.
  20. ^ “Narodowy Bank Polski – Internet Information Service”nbp.pl.
  21. ^ “Banca Naţională a României – Reserve requirements”http://www.bnr.ro.
  22. ^ Central bank of Russia Required reserve ratio on credit institutions’ liabilities to non-resident has been raised to 4.0%
  23. ^ [2] ndtv.com
  24. ^ http://businessdayonline.com/2014/11/banks-squeezed-further-as-n40bn-may-vanish-from-industry-wide-profits/#.VHbDB51fqUk
  25. ^ Liquidity ratio and liquid reserves of deposit money banks. Data released by Taiwan’s central bank in October 2010.
  26. ^ “Iceland Reserve Requirement Ratio | Economic Indicators”http://www.ceicdata.com. Retrieved 9 January 2018.
  27. ^ “Minimum capital ratio” (PDF)Bank of Israel. Retrieved 29 December 2010.
  28. ^ “Ordinance No. 21 of the BNB on the Minimum Required Reserves Maintained with the Bulgarian National Bank by Banks” (PDF)Bulgarian National Bank.
  29. ^ Decision on Reserve RequirementsCroatian National Bank(in Croatian)
  30. ^ “Nepal Rastra Bank”http://www.nrb.org.np.
  31. ^ “Circular 3.632” (PDF)bcb.gov.br.
  32. ^ CNBC (29 February 2016). “China central bank cuts reserve requirement ratio”cnbc.com.
  33. ^ “Reserve base en Kasreserve”Centrale Bank van Suriname. Retrieved 21 December 2009.
  34. ^ “Lebanon ‘immune’ to financial crisis”. 5 December 2008 – via news.bbc.co.uk.
  35. ^ IMF Financial Statistic Yearbook
  36. ^ Chronology of Bankrate, CRR and SLR Changes Archived29 August 2011 at the Wayback MachineReserve Bank of India

External links

https://en.wikipedia.org/wiki/Reserve_requirement

 

 

Reserve Requirements

Reserve requirements are the amount of funds that a depository institution must hold in reserve against specified deposit liabilities. Within limits specified by law, the Board of Governors has sole authority over changes in reserve requirements. Depository institutions must hold reserves in the form of vault cash or deposits with Federal Reserve Banks.

The dollar amount of a depository institution’s reserve requirement is determined by applying the reserve ratios specified in the Federal Reserve Board’s Regulation D to an institution’s reservable liabilities (see table of reserve requirements). Reservable liabilities consist of net transaction accounts, nonpersonal time deposits, and Eurocurrency liabilities. Since December 27, 1990, nonpersonal time deposits and Eurocurrency liabilities have had a reserve ratio of zero.

The reserve ratio on net transactions accounts depends on the amount of net transactions accounts at the depository institution. The Garn-St Germain Act of 1982 exempted the first $2 million of reservable liabilities from reserve requirements. This “exemption amount” is adjusted each year according to a formula specified by the act. The amount of net transaction accounts subject to a reserve requirement ratio of 3 percent was set under the Monetary Control Act of 1980 at $25 million. This “low reserve tranche” is also adjusted each year (see table of low reserve tranche amounts and exemption amounts since 1982). Net transaction accounts in excess of the low reserve tranche are currently reservable at 10 percent.

For more history on the changes in reserve requirement ratios and the indexation of the exemption and low reserve tranche, see the annual review table. Additional details on reserve requirements can be found in the Reserve Maintenance Manual and in the article (119 KB PDF) in the Federal Reserve Bulletin, the appendix of which has tables of historical reserve ratios.

Reserve Requirements

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Liability Type Requirement
% of liabilities Effective date
Net transaction accounts 1
$0 to $16.3 million2 0 1-17-19
More than $16.3 million to $124.2 million3 3 1-17-19
More than $124.2 million 10 1-17-19
Nonpersonal time deposits 0 12-27-90
Eurocurrency liabilities 0 12-27-90

Return to text

Notes: Reserve requirements must be satisfied by holding vault cash and, if vault cash is insufficient, also by a deposit maintained with a Federal Reserve Bank. An institution may hold that deposit directly with a Reserve Bank or with another institution in a pass-through relationship. Reserve requirements are imposed on “depository institutions,” defined as commercial banks, savings banks, savings and loan associations, credit unions, U.S. branches and agencies of foreign banks, Edge corporations, and agreement corporations.

1. Total transaction accounts consists of demand deposits, automatic transfer service (ATS) accounts, NOW accounts, share draft accounts, telephone or preauthorized transfer accounts, ineligible bankers acceptances, and obligations issued by affiliates maturing in seven days or less. Net transaction accounts are total transaction accounts less amounts due from other depository institutions and less cash items in the process of collection. For a more detailed description of these deposit types, see Form FR 2900 at http://www.federalreserve.gov/apps/reportforms/default.aspx Return to table

2. The amount of net transaction accounts subject to a reserve requirement ratio of zero percent (the “exemption amount”) is adjusted each year by statute. The exemption amount is adjusted upward by 80 percent of the previous year’s (June 30 to June 30) rate of increase in total reservable liabilities at all depository institutions. No adjustment is made in the event of a decrease in such liabilities. Return to table

3. The amount of net transaction accounts subject to a reserve requirement ratio of 3 percent is the low reserve tranche. By statute, the upper limit of the low reserve tranche is adjusted each year by 80 percent of the previous year’s (June 30 to June 30) rate of increase or decrease in net transaction accounts held by all depository institutions. Return to table

Low Reserve Tranche Amounts and Exemption Amounts since 1982

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Effective date
(beginning of maintenance period)
Low reserve tranche amount
(millions of U.S. dollars)
Exemption amount
(millions of U.S. dollars)
January 14, 1982 26.0 n.a.
December 23, 1982 n.a. 2.1
January 13, 1983 26.3 ***
January 12, 1984 28.9 2.2
January 3, 1985 29.8 2.4
January 2, 1986 31.7 2.6
January 1, 1987 36.7 2.9
December 31, 1987 40.5 3.2
December 29, 1988 41.5 3.4
December 28, 1989 40.4 3.4
December 27, 1990 41.1 3.4
December 26, 1991 42.2 3.6
December 24, 1992 46.8 3.8
December 23, 1993 51.9 4.0
December 22, 1994 54.0 4.2
December 21, 1995 52.0 4.3
December 31, 1996 49.3 4.4
January 1, 1998 47.8 4.7
December 31, 1998 46.5 4.9
December 30, 1999 44.3 5.0
December 28, 2000 42.8 5.5
December 27, 2001 41.3 5.7
December 26, 2002 42.1 6.0
December 25, 2003 45.4 6.6
December 23, 2004 47.6 7.0
December 22, 2005 48.3 7.8
December 21, 2006 45.8 8.5
December 20, 2007 43.9 9.3
January 1, 2009 44.4 10.3
December 31, 2009 55.2 10.7
December 30, 2010 58.8 10.7
December 29, 2011 71.0 11.5
December 27, 2012 79.5 12.4
January 23, 2014 89.0 13.3
January 22, 2015 103.6 14.5
January 21, 2016 110.2 15.2
January 19, 2017 115.1 15.5
January 18, 2018 122.3 16.0
January 17, 2019 124.2 16.3

Return to text

 *Not applicable Return to table
***No change Return to table

Regulatory Changes in Reserve Requirements and Indexation of the Low Reserve Tranche and the Reserve Requirement Exemption

The following list covers regulatory changes in reserve requirements and indexation of the low reserve tranche and the reserve requirement exemption beginning December 1, 1959, and their effects on required reserves.

105. Effective for the reserve maintenance period beginning December 27, 2012, the low reserve tranche for net transaction accounts will rise from $71.0 million to $79.5 million. The reserve requirement exemption will rise from $11.5 million to $12.4 million. These actions will lower total required reserves by an estimated $971 million.
104. Effective for the reserve maintenance period beginning December 29, 2011, the low reserve tranche for net transaction accounts will rise from $58.8 million to $71.0 million. The reserve requirement exemption will rise from $10.7 million to $11.5 million. These actions will lower total required reserves by an estimated $1.33 billion.
103. Effective for the reserve maintenance period beginning December 30, 2010, the low reserve tranche for net transaction accounts was raised from $55.2 million to $58.8 million. The reserve requirement exemption remained at $10.7 million. These actions lowered total required reserves by an estimated $353 million.
102. Effective for the reserve maintenance period beginning December 31, 2009, the low reserve tranche for net transaction accounts was raised from $44.4 million to $55.2 million. The reserve requirement exemption was raised from $10.3 million to $10.7 million. These actions lowered total required reserves by an estimated $1.24 billion.
101. Effective for the reserve maintenance period beginning January 1, 2009, the low reserve tranche for net transaction accounts was raised from $43.9 million to $44.4 million. The reserve requirement exemption was raised from $9.3 million to $10.3 million. The actions lowered total required reserves by an estimated $270 million.
100. Effective for the reserve maintenance period beginning December 20, 2007, the low reserve tranche for net transaction accounts was reduced from $45.8 million to $43.9 million. The reserve requirement exemption was raised from $8.5 million to $9.3 million. The actions raised total required reserves by an estimated $57 million.
99. Effective for the reserve maintenance period beginning December 21, 2006, the low reserve tranche for net transaction accounts was reduced from $48.3 million to $45.8 million. The reserve requirement exemption was raised from $7.8 million to $8.5 million. The actions raised total required reserves by an estimated $146 million.
98. Effective for the reserve maintenance period beginning December 22, 2005, the low reserve tranche for net transaction accounts was increased from $47.6 million to $48.3 million. The reserve requirement exemption was raised from $7.0 million to $7.8 million. The actions lowered total required reserves by an estimated $369 million.
97. Effective for the reserve maintenance period beginning December 23, 2004, the low reserve tranche for net transaction accounts was increased from $45.4 million to $47.6 million. The reserve requirement exemption was raised from $6.6 million to $7.0 million. The actions lowered total required reserves by an estimated $506 million.
96. Effective for the reserve maintenance period beginning December 25, 2003, the low reserve tranche for net transaction accounts was increased from $42.1 million to $45.4 million. The reserve requirement exemption was raised from $6.0 million to $6.6 million. The actions lowered total required reserves by an estimated $689 million.
95. Effective for the reserve maintenance period beginning December 26, 2002, the low reserve tranche for net transaction accounts was increased from $41.3 million to $42.1 million. The reserve requirement exemption was raised from $5.57 million to $6.0 million. The actions lowered total required reserves by an estimated $201 million.
94. Effective for the reserve maintenance period beginning December 27, 2001, the low reserve tranche for net transaction accounts was reduced from $42.8 million to $41.3 million. The reserve requirement exemption was raised from $5.5 million to $5.7 million. The actions raised total required reserves by an estimated $154 million.
93. Effective for the reserve maintenance period beginning December 28, 2000, the low reserve tranche for net transaction accounts was reduced from $44.3 million to $42.8 million. The reserve requirement exemption was raised from $5.0 million to $5.5 million. The actions raised required reserves by an estimated $60 million.
92. Effective for the reserve maintenance period beginning December 30, 1999, the low reserve tranche for net transaction accounts was reduced from $46.5 million to $44.3 million. The reserve requirement exemption was raised from $4.9 million to $5.0 million. The actions raised required reserves by an estimated $264 million.
91. Effective for the reserve maintenance period beginning December 31, 1998, the low reserve tranche for net transaction accounts was reduced from $47.8 million to $46.5 million. The reserve requirement exemption was raised from $4.7 million to $4.9 million. The actions raised required reserves by an estimated $104 million.
90. Effective with the reserve maintenance period beginning July 30, 1998, the required reserve system was shifted from CRR to new lagged reserve requirements (LRR) with reserve computation periods for weekly reporters starting thirty days before the corresponding reserve maintenance periods. Under the new LRR regime, the lag in counting vault cash toward required reserves was lengthened from sixteen days to thirty days for institutions reporting weekly on the FR2900. In other words, the average vault cash held during a reserve computation period would be applied toward required reserves in its corresponding reserve maintenance period.
89. Effective with the reserve maintenance period beginning January 1, 1998, the low reserve tranche for transaction accounts was reduced from $49.3 million to $47.8 million. The reserve requirement exemption was raised from $4.4 million to $4.7 million. The actions raised required reserves by an estimated $89 million.
88. Effective with the reserve maintenance period beginning December 31, 1996, the low reserve tranche for transaction accounts was reduced from $52.0 million to $49.3 million. The reserve requirement exemption was raised from $4.3 million to $4.4 million. The actions raised required reserves by an estimated $298 million.
87. Effective with the reserve maintenance period beginning December 21, 1995, the low reserve tranche for transaction accounts was reduced from $54.0 million to $52.0 million. The reserve requirement exemption was raised from $4.2 million to $4.3 million. The actions raised required reserves by an estimated $199 million.
86. Effective with the reserve maintenance period beginning December 22, 1994, the low reserve tranche for transaction accounts was raised from $51.9 million to $54.0 million. The reserve requirement exemption was also raised from $4.0 million to $4.2 million. The actions reduced required reserves by an estimated $318 million.
85. Effective with the reserve maintenance period beginning December 23, 1993, the low reserve tranche for transaction accounts was raised from $46.8 million to $51.9 million. The reserve requirement exemption was also raised from $3.8 million to $4.0 million. The actions reduced required reserves by an estimated $738 million.
84. Effective with the reserve maintenance period beginning December 24, 1992, the low reserve tranche for transaction accounts was raised from $42.2 million to $46.8 million. The reserve requirement exemption was also raised from $3.6 million to $3.8 million. The actions reduced required reserves by an estimated $699 million.
83. Effective November 12, 1992, the lag in counting vault cash toward required reserves was shortened from four weeks to two weeks for institutions reporting weekly on the FR2900, i.e. counting the average vault cash held during a reserve computation period toward required reserves in its corresponding reserve maintenance period.
82. Effective September 3, 1992, the carryover allowance for reserve balances, for institutions reporting weekly and quarterly on the FR2900, was doubled to the larger of $50,000 or 4 percent of required reserves plus required clearing balances less the institution’s required clearing balance penalty-free band.
81. Effective April 2, 1992, the 12 percent required reserve ratio against net transaction deposits above the low reserve tranche level was reduced to 10 percent. The action reduced required reserves by an estimated $8.9 billion.
80. Effective with reserve maintenance period beginning December 26, 1991, the low reserve tranche for transaction accounts was raised from $41.1 million to $42.2 million. The reserve requirement exemption was also raised from $3.4 million to $3.6 million. The actions reduced required reserves by an estimated $255 million.
79. Effective with reserve maintenance period beginning January 17, 1991, the 3 percent reserve requirement on nontransaction liabilities was reduced to zero for FR2900 quarterly reporters. The action reduced required reserves by an estimated $460 million.
78. Effective with reserve maintenance period beginning December 27, 1990, the low reserve tranche for transaction accounts was raised from $40.4 million to $41.1 million. The reserve requirement exemption was kept at $3.4 million. The action lowered required reserves by an estimated $112 million.
77. Effective December 27, 1990, the 1-1/2 percent reserve requirement on nontransaction liabilities was reduced to zero for FR2900 weekly reporters. The action lowered required reserves by an estimated $6.5 billion.
76. Effective December 13, 1990, the 3 percent reserve requirement on nontransaction liabilities was reduced to 1-1/2 percent for FR2900 weekly reporters. The action lowered required reserves by an estimated $6.7 billion.
75. Effective with reserve maintenance period beginning December 28, 1989, the low reserve tranche for transaction accounts was reduced from $41.5 million to $40.4 million. The reserve requirement exemption was kept at $3.4 million. The action raised required reserves by an estimated $190 million.
74. Effective with reserve maintenance period beginning December 29, 1988, the low reserve tranche for transaction accounts was raised from $40.5 million to $41.5 million. The reserve requirement exemption was also raised from $3.2 million to $3.4 million. The actions reduced required reserves by an estimated $210 million.
73. Effective with reserve maintenance period beginning December 31, 1987, the low reserve tranche for transaction accounts was raised from $36.7 million to $40.5 million. The reserve requirement exemption was also raised from $2.9 million to $3.2 million. The actions reduced required reserves by about $740 million.
72. Effective September 10, 1987, according to the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember depository institutions were increased about $1.70 billion.
71. Effective with reserve maintenance period beginning January 1, 1987, the low reserve tranche for transaction accounts was raised from $31.7 million to $36.7 million. The reserve requirement exemption was also raised from $2.6 million to $2.9 million. These actions reduced required reserves by about $970 million.
70. Effective September 11, 1986, according to the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember depository institutions were increased about $1.58 billion.
69. Effective April 24, 1986, money market deposit accounts (MMDA), which had previously been subject to full reserve requirements, were made subject to the transitional phase-in program of the Monetary Control Act. In addition, the order of application of the exemption applied to reservable liabilities was changed. These actions reduced required reserves by about $260 million.
68. Effective with reserve maintenance period beginning January 2, 1986, the low reserve tranche for transaction accounts was raised from $29.8 million to $31.7 million. The reserve requirement exemption was also raised from $2.4 million to $2.6 million. These actions reduced required reserves by about $340 million.
67. Effective September 12, 1985, according to the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember depository institutions were increased about $1.23 billion.
66. Effective with reserve maintenance period beginning January 3, 1985, the low reserve tranche for transaction accounts was raised from $28.9 million to $29.8 million. The reserve requirement exemption was also raised from $2.2 million to $2.4 million. These actions reduced required reserves by about $190 million.
65. Effective September 13, 1984, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember depository institutions increased about $1.08 billion.
64. Effective February 2, 1984, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of member banks were reduced about $2.0 billion.
63. Effective February 2, 1984, Regulation D was amended as follows for institutions reporting weekly on the FR2900: (1) change the reserve computation and maintenance periods from weekly to biweekly, with the former ending on Monday and the latter ending on Wednesday; (2) compute required reserves against net transaction deposits based on average deposits over the computation period ending two days before the end of the maintenance period; (3) compute required reserves against nontransaction deposits based on average deposits over a computation period ending 17 days before the beginning of the maintenance period; and (4) count the average vault cash held during a reserve computation period ending 17 days before the beginning of the reserve maintenance period toward required reserves.
62. Effective with reserve maintenance period beginning January 12, 1984, the low reserve tranche for transaction accounts at depository institutions was raised from $26.3 million to $28.9 million. Also, in accordance with the provisions of the Depository Institutions Act of 1982, the reserve requirement exemption was raised from $2.1 million to $2.2 million. These actions reduced required reserves a total of about $350 million.
61. Effective October 20, 1983, required reserves were reduced an estimated $100 million as a result of the elimination of reserve requirements on nonpersonal time deposits with maturities of 1-1/2 years to 2-1/2 years.
60. Effective September 1, 1983, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of member banks were reduced about $2.0 billion, and required reserves of other depository institutions were increased about $0.9 billion.
59. Effective April 14, 1983, required reserves were reduced an estimated $80 million as a result of the elimination of reserve requirements on nonpersonal time deposits with maturities of 2-1/2 years to 3-1/2 years.
58. Effective March 3, 1983, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of member banks were reduced by approximately $1.9 billion.
57. Effective January 13, 1983, the low reserve tranche for transaction accounts at depository institutions was raised from $26.0 million to $26.3 million. This action reduced required reserves approximately $32 million.
56. Effective December 23, 1982, in accordance with provisions of the Depository Institutions Act of 1982 that exempted the first $2.1 million of reservable liabilities at all depository institutions from reserve requirements, required reserves were reduced by an estimated $800 million.
55. Effective October 28, 1982, in accordance with provisions of the Depository Institutions Act of 1982, required reserves of certain former member banks were reduced by approximately $100 million.
54. Effective September 2, 1982, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of member banks were reduced about $2.1 billion, and required reserves of other depository institutions were increased about $0.9 billion.
53. Effective August 12, 1982, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased about $140 million.
52. Effective May 13, 1982, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased about $150 million.
51. Effective March 4, 1982, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of member banks decreased by about $2.0 billion.
50. Effective February 11, 1982, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased about $170 million.
49. Effective January 14, 1982, the low reserve tranche for transaction accounts at depository institutions was raised from $25 million to $26 million. This action reduced required reserves approximately $60 million.
48. Effective November 12, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased about $210 million.
47. Effective September 3, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of member banks were reduced about $2.0 billion, and required reserves of other depository institutions were increased about $0.9 billion.
46. Effective August 13, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased approximately $230 million.
45. Effective May 14, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased by approximately $245 million.
44. Effective March 12, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of small nonmember “quarterly reporters” increased about $75 million.
43. Effective February 12, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related institutions increased by approximately $245 million.
42. Effective November 13, 1980, required reserves of member banks and Edge Act corporations were reduced about $4.3 billion and required reserves of other depository institutions were increased about $1.4 billion due to the implementation of the Monetary Control Act of 1980.
41. Effective July 24, 1980, the 5 percent marginal reserve requirement on managed liabilities and the 2 percent supplementary reserve requirement against large time deposits were removed. These actions reduced required reserves about $3.2 billion.
40. Effective May 29, 1980, the marginal reserve requirement was reduced from 10 percent to 5 percent and the base upon which the marginal reserve requirement was calculated was raised. This action reduced required reserves about $980 million.
39. Effective March 12, 1980, the 8 percent marginal reserve requirement was raised to 10 percent. In addition, the base upon which the marginal reserve requirement was calculated was reduced. This action increased required reserves about $1.7 billion.
38. Effective October 11, 1979, a marginal reserve requirement of 8 percent was imposed on “managed liabilities” of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks above a base average for the two weeks ending September 26, 1979. Managed liabilities included large time deposits ($100,000 and over with maturities of less than one year), repurchase agreements against U.S. government and federal agency securities, Eurodollar borrowings, and federal funds borrowings from a nonmember institution. On October 25, required reserves and reserves held by Edge Act Corporations were included in member bank reserves. (Previously reserves held by these institutions were recorded as “other deposits” by Federal Reserve Banks.) These actions raised required reserves approximately $355 and $320 million, respectively.
37. Effective November 30, 1978, the 10 percent minimum requirement on the domestic deposits of Edges was removed but Edges continued to be subject to the same reserve requirements as member banks.
36. Effective November 16, 1978, a supplementary reserve requirement of 2 percent was imposed on time deposits of $100,000 or more. This action increased required reserves approximately $3.0 billion.
35. Effective December 30, 1976, the reserve requirement against net demand deposits up to $10 million was reduced by 1/2 percentage point, and the reserve requirement against net demand deposits over $10 million was reduced by 1/4 percentage point. This action reduced required reserves by approximately $550 million.
34. Effective January 8, 1976, the reserve requirement on time deposits maturing in 180 days to 4 years was reduced from 3 percent to 2-1/2 percent. This action reduced required reserves by approximately $500 million.
33. Effective October 30, 1975, the reserve requirement against member bank time deposits with an original maturity of four years or more was reduced from 3 percent to 1 percent. This action reduced required reserves approximately $360 million.
32. Effective May 22, 1975, the reserve requirement against foreign borrowings of member banks, primarily Eurodollars, was reduced from 8 percent to 4 percent. This action reduced required reserves approximately $80 million.
31. Effective February 13, 1975, the reserve requirements against all categories of net demand deposits up to $400 million were reduced by one-half of 1 percentage point, and the reserve requirement against net demand deposits of more than $400 million was reduced 1 percentage point. This action reduced required reserves approximately $1,065 million.
30. Effective December 12, 1974, the reserve requirement against all time deposits with an original maturity of six months or longer was reduced from 5 percent to 3 percent; the reserve requirement against all time deposits with an original maturity of less than six months was increased from 5 percent to 6 percent; and the reserve requirement against net demand deposits over $400 million was reduced from 18 percent to 17-1/2 percent. In addition, the 3 percent marginal reserve requirement on large certificates of deposit with an initial maturity of less than four months was removed. These actions reduced required reserves approximately $710 million.
29. Effective September 19, 1974, the marginal reserve requirement against time deposits in denomination greater than $100,000 and more than 4-month maturity was eliminated. This action reduced required reserves approximately $510 million.
28. Effective December 27, 1973, the marginal reserve requirement against certain time deposits was reduced from 11 percent to 8 percent. This action reduced required reserves approximately $360 million.
27. Effective October 4, 1973, the marginal reserve requirement against certain time deposits was increased from 8 percent to 11 percent. This action increased required reserves approximately $465 million.
26. Effective July 19, 1973, the reserve requirement against all net demand deposits, except the first $2 million was increased 1/2 percentage point. This action increased required reserves approximately $760 million.
25. Effective July 12, 1973, reserve requirements were imposed against finance bills. This action increased required reserves approximately $90 million.
24. Effective June 21, 1973, the Board amended its Regulation D to establish a marginal reserve requirement of 8 percent against certain time deposits and to subject to the 8 percent reserve requirement certain deposits exempt from the rate limitations of the Board’s Regulation Q. In addition, reserves against certain foreign branch deposits were reduced from 10 percent to 8 percent. These changes had little effect on required reserves.
23. Effective November 9, 1972, Regulations D and J were revised to (1) adopt a system of reserve requirements against demand deposits of all member banks based on the amount of such deposits held by a member bank, and (2) to require banks–member and nonmember–to pay cash items presented by a Federal Reserve Bank on the day of presentation in funds available to the Reserve Bank on that day. These changes reduced required reserves approximately $2.5 billion, effective November 9; $1.0 billion, effective November 16; and increased required reserves $300 million, effective November 23.
22. Effective January 7, 1971, the reserve requirement on certain foreign borrowings, primarily Eurodollars, by member banks, and the sale of assets to their foreign branches was raised from 10 percent to 20 percent. This action had little effect on required reserves.
21. Effective October 1, 1970, the reserve requirement of all member banks against time deposits (other than savings deposits) in excess of $5 million was reduced from 6 percent to 5 percent. At the same time, a 5 percent reserve requirement was imposed against funds obtained by member banks through the issuance of commercial paper by their affiliates. This action reduced required reserves approximately $500 million (net).
20. Effective October 16, 1969 a 10 percent marginal reserve requirement was established on certain foreign borrowings, primarily Eurodollars, by member banks and on the sale of assets to their foreign branches. This action increased required reserves approximately $415 million.
19. Effective April 17, 1969, the reserve requirement of all member banks against net demand deposits was increased 1/2 percentage point. This action increased required reserves approximately $660 million.
18. Effective September 12, 1968, Regulation D was amended to: (1) reduce the reserve computation and maintenance periods for country banks from two weeks to one week to coincide with one-week periods for reserve city banks; (2) change contemporaneous reserve requirements to lagged reserve requirements (LRR), which required all banks to compute weekly average required reserves for the maintenance week on the basis of average daily deposits two weeks earlier; (3) count average vault cash held two weeks earlier toward the required reserves for the present week; and (4) allow either excesses or deficiencies averaging up to 2 percent of required reserves to be carried forward to the next maintenance week.
17. Effective January 18, 1968, the reserve requirement of country banks against net demand deposits in excess of $5 million was increased from 12 percent to 12-1/2 percent. This action increased required reserves approximately $190 million.
16. Effective January 11, 1968, the reserve requirement of reserve city banks against net demand deposits in excess of $5 million was increased from 16-1/2 percent to 17 percent. This action increased required reserves approximately $360 million.
15. Effective March 16, 1967, the reserve requirement of all member banks against savings deposits and the first $5 million of time deposits was reduced from 3-1/2 percent to 3 percent. This action reduced required reserves approximately $425 million.
14. Effective March 2, 1967, the reserve requirement of all member banks against savings deposits and the first $5 million of time deposits was reduced from 4 percent to 3-1/2 percent. This action reduced required reserves approximately $425 million.
13. Effective September 15, 1966, the reserve requirement of country banks against time deposits (other than savings deposits) in excess of $5 million was increased from 5 percent to 6 percent. This action increased required reserves approximately $75 million.
12. Effective September 8, 1966, the reserve requirement of reserve city banks against time deposits (other than savings deposits) in excess of $5 million was increased from 5 percent to 6 percent. This action increased required reserves approximately $370 million.
11. Effective July 21, 1966, the reserve requirement of country banks against time deposits (other than savings deposits) in excess of $5 million was increased from 4 percent to 5 percent. This action increased required reserves approximately $70 million.
10. Effective July 14, 1966, the reserve requirement of reserve city banks against time deposits (other than savings deposits) in excess of $5 million was increased from 4 percent to 5 percent. This action increased required reserves approximately $350 million.
9. Effective November 1, 1962, the reserve requirement of country banks against their time deposits was reduced from 5 percent to 4 percent. This action reduced required reserves approximately $360 million.
8. Effective October 25, 1962, the reserve requirement of reserve city banks against their time deposits was reduced from 5 percent to 4 percent. This action reduced required reserves approximately $410 million.
7. Effective July 28, 1962, the central reserve city classification was eliminated and the former central reserve city banks were reclassified as reserve city banks.
6. Effective December 1, 1960, the reserve requirement of central reserve city banks against their net demand deposits was reduced from 17-1/2 percent to 16-1/2 percent. This action reduced required reserves approximately $250 million.
5. Effective November 24, 1960, the reserve requirement of country banks against their net demand deposits was increased from 11 percent to 12 percent. This action increased required reserves approximately $380 million.
4. Effective November 24, 1960, member banks were allowed to count all vault cash as legal reserves.
3. Effective September 1, 1960, the reserve requirement of central reserve city banks against their net demand deposits was reduced from 18 percent to 17-1/2 percent. This action reduced required reserves approximately $120 million.
2. Effective January 1, 1960, the reserve computation and maintenance periods for country banks were changed from semi-monthly to biweekly. (The reserve computation and maintenance periods for central reserve city banks and reserve city banks continued to be one week; and all banks, including country banks, continued to compute and hold reserves contemporaneously.) In addition, beginning with the period ending January 13, 1960, the reserve computation and maintenance periods for all banks were made to end on Wednesday.
1. Effective December 1, 1959, member banks were allowed to count part of their vault cash as legal reserves.

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

 

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The Pronk Pops Show 1304, August 8-9, 2019, Story 1: Senator Mitch McConnell Now Says Background Checks and Other Bills Infringing Your Second Amendment Rights Will Be Discussed in September — Vote Out Of Office Any Democrat or Republican The Votes For Limiting Your Second, Fourth and Fifth Amendment Rights — Videos — Story 2: Creepy Sleepy Dopey Joey Biden Attacks Trump By Lying — Joins Radical Extremist Democrat Socialists in Desperate Attempt To Save His Candidacy — Videos — Story 3: Survival of The Anti-American  Presidential Candidates of The Radical Extremist Democratic Socialist (REDS) — How Not To Win Friends and Influence People — Failing Final Four: Biden, Warren, Sanders and Harris — Trump Should Beat Them All — Videos — Story 4: Nearly 700 Illegal Aliens Detained In Massive Raids In Mississippi Food Processing Plants — End Catch and Release — Videos — Story 5: A Confident President Trump Comments To The Big Lie Media Before Taking 10 Day Vacation — Winning The Hearts and Minds of American People With A Resonating Message — Videos — Story 6: Recently Numerous Two Seconds or A Few Seconds Videos on Youtube For Fox Commentators Including Laura Ingraham, Tucker Carlson, Sean Hannity, Fox and Friends, The Five, and Many More — Either YouTube is Doing This or YouTube Is Failing To Stop Whoever  Is Doing This! — Videos

Posted on August 13, 2019. Filed under: 2020 President Candidates, 2020 Republican Candidates, Addiction, Addiction, American History, Anthropology, Blogroll, Breaking News, Bribery, Bribes, Business, Cartoons, Clinton Obama Democrat Criminal Conspiracy, Congress, Corruption, Countries, Crime, Culture, Defense Spending, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Drugs, Economics, Economics, Education, Empires, Employment, Federal Bureau of Investigation (FBI), Federal Government, Fifth Amendment, First Amendment, Fourth Amendment, Freedom of Speech, Gangs, Government, Government Spending, Hate Speech, History, Homicide, House of Representatives, Human, Human Behavior, Illegal Drugs, Illegal Drugs, Independence, Investments, Killing, Law, Legal Drugs, Life, Lying, Mass Shooting Homicides, Media, Mental Illness, National Interest, News, People, Progressives, Psychology, Raymond Thomas Pronk, Rule of Law, Scandals, Second Amendment, Senate, Social Sciences, Sociology, Spying, Spying on American People, Success, Surveillance/Spying, Taxation, Taxes, Trump Surveillance/Spying, United States Constitution, United States of America, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Story 1: Senator Mitch McConnell Now Says Background Checks and Other Bills Infringing Your Second Amendment Rights Will Be Discussed in September — Vote Out Of Office Any Democrat or Republican The Votes For Limiting Your Second, Fourth and Fifth Amendment Rights — Videos

Is Senator Mitch McConnell Stalling For Time On Gun Reform? | Morning Joe | MSNBC

Mitch McConnell says senate will consider gun control legislation next month

Trump open to ‘meaningful’ background checks after shootings

“All the gun laws they’re proposing hurt the most vulnerable and minorities most.” – John Lott

John Lott on gun control: “The background check system itself is basically racist”

Part of John Lott’s Lecture of the Problems with Expanded Background Checks May 22, 2016

The NRA on universal background checks

What Do Gun Background Checks Actually Check?

 

McConnell wants to consider gun background checks in fall

 

Shifting the gun violence debate, Senate Majority Leader Mitch McConnell says he now wants to consider background checks and other bills, setting up a potentially pivotal moment when lawmakers return in the fall.

The Republican leader won’t be calling senators back to work early, as some are demanding. But he told a Kentucky radio station that President Donald Trump called him Thursday morning and they talked about several ideas. The president, he said, is “anxious to get an outcome, and so am I.”

Stakes are high for all sides, but particularly for Trump and his party. Republicans have long opposed expanding background checks – a bill passed by the Democratic-led House is stalled in the Senate – but they face enormous pressure to do something after mass shootings in El Paso, Texas and Dayton, Ohio, that left 31 people dead. McConnell, who is facing protests outside his Louisville home, can shift attention back to Democrats by showing a willingness to engage ahead of the 2020 election.

“What we can’t do is fail to pass something,” McConnell said. “What I want to see here is an outcome.”

McConnell said he and Trump discussed various ideas on the call, including background checks and the so-called “red flag” laws that allow authorities to seize firearms from someone deemed a threat to themselves or others.

“Background checks and red flags will probably lead the discussion,” McConnell told Louisville’s WHAS-AM. He noted “there’s a lot of support” publicly for background checks. “Those are two items that for sure will be front and center as we see what we can come together on and pass.”

Senate Majority Leader Mitch McConnell, R-Ky., smiles after vote on a hard-won budget deal that would permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)

Senate Majority Leader Mitch McConnell, R-Ky., smiles after vote on a hard-won budget deal that would permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)

Trump has been interested in federal background checks before – and tweeted Monday about them – only to drop the issue later, a turnaround similar to his reversal on gun proposals after the 2018 high school shooting at Parkland, Florida.

The powerful National Rifle Association and its allies on Capitol Hill have long wielded influence, but the gun lobby’s grip on Democrats started slipping some time ago, and it’s unclear how much sway the NRA and other gun groups still hold over Republicans in the Trump era.

House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said Trump assured them in phone calls Thursday he will review the House-passed bill that expands federal background checks for firearm sales.

In a joint statement, they said Trump called them individually after Pelosi sent a letter asking the president to order the Senate back to Washington immediately to consider gun violence measures.

Schumer and Pelosi said they told Trump the best way to address gun violence is for the Senate to take up and pass the House bill. Trump, they said, “understood our interest in moving as quickly as possible to help save lives.”

The politics of gun control are shifting amid the frequency and toll of mass shootings. Spending to support candidates backing tougher gun control measures – mostly Democrats – surged in the 2018 midterms, even as campaign spending by the NRA declined.

NRA chief Wayne LaPierre said in rare public statement Thursday that some federal gun control proposals “would make millions of law-abiding Americans less safe and less able to defend themselves and their loved ones.”

The organization said proposals being discussed in Congress would not have prevented the mass shootings in Texas and Ohio that killed 31 people.

McConnell has been under pressure from Democrats, and others, to bring senators back to Washington after the back-to-back weekend shootings.

Earlier, more than 200 mayors, including those in Dayton and El Paso, urged the Senate to return to the Capitol. “Our nation can no longer wait,” they wrote.

McConnell on Thursday rejected the idea of reconvening the Senate, saying calling senators back now would just lead to people “scoring points and nothing would happen.”

Instead, the GOP leader wants to spend the August recess talking with Democratic and Republican senators to see what’s possible. Senators have been talking among themselves, and holding conference calls, to sort out strategy.

“If we do it prematurely it’ll just be another frustrating position for all of us and for the public,” he said.

The politics of gun violence are difficult for Republicans, including McConnell. He could risk losing support as he seeks reelection in Kentucky if he were to back restricting access to firearms and ammunition. Other Republicans, including those in Colorado, Maine and swing states, also would face difficult votes, despite the clamor for gun laws.

GOP senators are also considering changes to the existing federal background check system, modeled on a law signed last year that improved the National Instant Criminal Background Check system, as well as increased penalties for hate crimes.

While many of those proposals have bipartisan support, Democrats are unlikely to agree to them without consideration of the more substantive background checks bill.

“We Democrats are not going to settle for half-measures so Republicans can feel better and try to push the issue of gun violence off to the side,” Schumer said Wednesday.

Sen. Joe Manchin, a West Virginia Democrat who, along with Sen. Pat Toomey, R-Pa., is pushing a bill to expand background checks, said Trump’s support will be the determining factor in whatever gets done.

“At this point in time leadership comes from President Trump,” Manchin said.

___

Associated Press writer Bruce Schreiner in Louisville, Kentucky, contributed to this report.

FILE - In this July 23, 2019, file photo, Senate Majority Leader Mitch McConnell of Ky., speaks to reporters on Capitol Hill in Washington. More than 200 mayors, including the mayors of El Paso, Texas and Dayton, Ohio, are urging Senate leaders to call senators back to the Capitol to act on bipartisan gun safety legislation. (AP Photo/Susan Walsh, File)

FILE – In this July 23, 2019, file photo, Senate Majority Leader Mitch McConnell of Ky., speaks to reporters on Capitol Hill in Washington. More than 200 mayors, including the mayors of El Paso, Texas and Dayton, Ohio, are urging Senate leaders to call senators back to the Capitol to act on bipartisan gun safety legislation. (AP Photo/Susan Walsh, File)

Dayton, Ohio, Mayor Nan Whaley speaks to members of the media Tuesday, Aug. 6, 2019, outside Ned Peppers bar in the Oregon District after a mass shooting that occurred early Sunday morning in Dayton. (AP Photo/John Minchillo)

FILE – In this July 30, 2019, photo, Senate Minority Leader Chuck Schumer, D-N.Y., takes questions from reporters at the Capitol in Washington. More than 200 mayors, including the mayors of El Paso, Texas and Dayton, Ohio, are urging Senate leaders to call senators back to the Capitol to act on bipartisan gun safety legislation. (AP Photo/J. Scott Applewhite, File)

President Donald Trump is greeted by Dayton Mayor Nan Whaley and Sen. Sherrod Brown, D-Ohio, after arriving at Wright-Patterson Air Force Base to meet with people affected by the mass shooting in Dayton, Wednesday, Aug. 7, 2019, in Wright-Patterson Air Force Base, Ohio. (AP Photo/Evan Vucci)

President Donald Trump is greeted by Dayton Mayor Nan Whaley and Sen. Sherrod Brown, D-Ohio, after arriving at Wright-Patterson Air Force Base to meet with people affected by the mass shooting in Dayton, Wednesday, Aug. 7, 2019, in Wright-Patterson Air Force Base, Ohio. (AP Photo/Evan Vucci)

https://www.dailymail.co.uk/wires/ap/article-7339487/McConnell-wants-consider-gun-background-checks-fall.html

John Cornyn

Sen.

John Cornyn

  • (TX)-R
  •   | In Office Since 2003

LIBERTY SCORE®

F

33%

Highcharts.com

Conservative:
33.0%
Liberal:
67.0%
Conservative Votes 16
Liberal Votes 32
Missed Votes 2
Liberty Score® 33%

Records as of: 08-10-2019

Liberty Score®

Conservative Review’s Liberty Score® grades members of Congress on the top 50 votes over a rolling six-year term. A letter grade is assigned to each member to help you quickly determine whether a lawmaker is supporting conservative principles. The Liberty Score® helps evaluate your representatives and senators, providing the tools necessary to separate rhetoric from reality. We don’t expect any elected officials to be perfect, but we do expect them to keep promises.

Liberty Score Votes

Date of Vote Vote CR Position Member Vote
05/23/2019 Pass a $19 billion spending bill without funding for the border crisis
02/25/2019 Protect Abortion Survivors by Banning Infanticide in America
02/14/2019 Surrender on the border wall; empower drug cartels and human traffickers
01/17/2019 End taxpayer funding for abortion
12/19/2018 Release dangerous criminals from federal prisons
12/11/2018 Pass a $900 billion farm bill with socialist policies
09/18/2018 Pass a promise-breaking cromnibus before the election
07/31/2018 Extend a broken and almost-insolvent flood insurance program
06/28/2018 Kill amendment to reform food stamps with stronger work requirements, upgraded job training
06/21/2018 Block final repeal of ‘waters of the US’ rule
05/17/2018 ‘Penny Plan’ to balance budget without tax increases
05/16/2018 Reinstate Obama’s net neutrality regulations
03/23/2018 Advance a massive $1.3 trillion omnibus that funds Democrat priorities
03/23/2018 Pass a massive $1.3 trillion omnibus that funds Democrat priorities
02/09/2018 Massive Spending, Debt Ceiling Raise, and Democrat Priorities Funded
01/29/2018 Vote Alert: Allow Vote to Ban Abortions After 20 Weeks (Point of Pain)
01/16/2018 Support Unconstitutional Abuses of Americans’ Privacy
12/20/2017 Tax Cut For America
10/24/2017 Bailout Flood Insurance Program & Spend $36.5B
09/07/2017 The Pelosi-Schumer-Trump debt limit deal
05/04/2017 $1.1 Trillion Spending Bill for Democrat Priorties
04/07/2017 Confirm Neil Gorsuch to Supreme Court
09/28/2016 Fund Obama Priorities and Give Planned Parenthood a Raise
06/29/2016 Support a Puerto Rico Bailout
05/19/2016 Support Obama’s War on Suburbs
04/19/2016 Increase Taxpayer Subsidies for “Green Energy” Home Loans
03/14/2016 Confirm Common-Core Supporting Education Secretary
01/19/2016 Lifetime Appointment of a Liberal Judge
12/18/2015 To Advance a $1.1 Trillion Budget Busting Spending Bill
12/09/2015 Expand Federal Control of Education
12/04/2015 1,300 Page $305 Billion Highway Bailout Bill
10/30/2015 Raise Debt Limit by $1.5 Trillion and Increase Spending
10/20/2015 Punish Sanctuary Cities That Violate Immigration Law
06/23/2015 Obamatrade — Fast Track Authority for TPP
04/23/2015 Support Loretta Lynch Nomination
04/14/2015 $500 Billion Healthcare Bill
02/27/2015 Fully Fund Obama’s Executive Amensty
01/29/2015 Approve Keystone XL Pipeline
12/13/2014 Advance $1.1 Trillion Spending Bill that Funds Executive Amnesty
12/13/2014 Declare Obama’s Executive Amnesty Unconstitutional
12/12/2014 Stop Government Land Grab
07/31/2014 Vote to waive budget discipline for Miller-Sanders Veterans deal
07/29/2014 Mike Lee Transportation Empowerment Act
02/12/2014 Advance debt limit increase without spending cuts
12/16/2013 To confirm Jeh Johnson as Secretary of Homeland Security
06/27/2013 Gang of 8 Amnesty Bill
05/06/2013 Internet Sales Tax
04/11/2013 Advance Gun Control Legislation Closer to Passage
03/20/2013 Fund the government and Obamacare
02/12/2013 “Violence Against Women Act”

 

Ted Cruz

Sen.

Ted Cruz

  • (TX)-R
  •   | In Office Since 2013

LIBERTY SCORE®

B

80%

Highcharts.com

Conservative:
80.0%
Liberal:
20.0%
Conservative Votes 36
Liberal Votes 9
Missed Votes 5
Liberty Score® 80%

Records as of: 08-10-2019

Liberty Score®

Conservative Review’s Liberty Score® grades members of Congress on the top 50 votes over a rolling six-year term. A letter grade is assigned to each member to help you quickly determine whether a lawmaker is supporting conservative principles. The Liberty Score® helps evaluate your representatives and senators, providing the tools necessary to separate rhetoric from reality. We don’t expect any elected officials to be perfect, but we do expect them to keep promises.

Liberty Score Votes

Date of Vote Vote CR Position Member Vote
05/23/2019 Pass a $19 billion spending bill without funding for the border crisis
02/25/2019 Protect Abortion Survivors by Banning Infanticide in America
02/14/2019 Surrender on the border wall; empower drug cartels and human traffickers
01/17/2019 End taxpayer funding for abortion
12/19/2018 Release dangerous criminals from federal prisons
12/11/2018 Pass a $900 billion farm bill with socialist policies
09/18/2018 Pass a promise-breaking cromnibus before the election
07/31/2018 Extend a broken and almost-insolvent flood insurance program
06/28/2018 Kill amendment to reform food stamps with stronger work requirements, upgraded job training
06/21/2018 Block final repeal of ‘waters of the US’ rule
05/17/2018 ‘Penny Plan’ to balance budget without tax increases
05/16/2018 Reinstate Obama’s net neutrality regulations
03/23/2018 Advance a massive $1.3 trillion omnibus that funds Democrat priorities
03/23/2018 Pass a massive $1.3 trillion omnibus that funds Democrat priorities
02/09/2018 Massive Spending, Debt Ceiling Raise, and Democrat Priorities Funded
01/29/2018 Vote Alert: Allow Vote to Ban Abortions After 20 Weeks (Point of Pain)
01/16/2018 Support Unconstitutional Abuses of Americans’ Privacy
12/20/2017 Tax Cut For America
10/24/2017 Bailout Flood Insurance Program & Spend $36.5B
09/07/2017 The Pelosi-Schumer-Trump debt limit deal
05/04/2017 $1.1 Trillion Spending Bill for Democrat Priorties
04/07/2017 Confirm Neil Gorsuch to Supreme Court
09/28/2016 Fund Obama Priorities and Give Planned Parenthood a Raise
06/29/2016 Support a Puerto Rico Bailout
05/19/2016 Support Obama’s War on Suburbs
04/19/2016 Increase Taxpayer Subsidies for “Green Energy” Home Loans
03/14/2016 Confirm Common-Core Supporting Education Secretary
01/19/2016 Lifetime Appointment of a Liberal Judge
12/18/2015 To Advance a $1.1 Trillion Budget Busting Spending Bill
12/09/2015 Expand Federal Control of Education
12/04/2015 1,300 Page $305 Billion Highway Bailout Bill
10/30/2015 Raise Debt Limit by $1.5 Trillion and Increase Spending
10/20/2015 Punish Sanctuary Cities That Violate Immigration Law
06/23/2015 Obamatrade — Fast Track Authority for TPP
04/23/2015 Support Loretta Lynch Nomination
04/14/2015 $500 Billion Healthcare Bill
02/27/2015 Fully Fund Obama’s Executive Amensty
01/29/2015 Approve Keystone XL Pipeline
12/13/2014 Advance $1.1 Trillion Spending Bill that Funds Executive Amnesty
12/13/2014 Declare Obama’s Executive Amnesty Unconstitutional
12/12/2014 Stop Government Land Grab
07/31/2014 Vote to waive budget discipline for Miller-Sanders Veterans deal
07/29/2014 Mike Lee Transportation Empowerment Act
02/12/2014 Advance debt limit increase without spending cuts
12/16/2013 To confirm Jeh Johnson as Secretary of Homeland Security
06/27/2013 Gang of 8 Amnesty Bill
05/06/2013 Internet Sales Tax
04/11/2013 Advance Gun Control Legislation Closer to Passage
03/20/2013 Fund the government and Obamacare
02/12/2013 “Violence Against Women Act”

John Lott

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John Lott
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John Lott in 2009
Native name
John Richard Lott Jr.
Born May 8, 1958 (age 61)
Institutions University of ChicagoYale UniversityWharton School of the University of PennsylvaniaUniversity of Maryland, College ParkAmerican Enterprise Institute
Field Economics
Alma mater UCLA
Website http://johnrlott.blogspot.com/

John Richard Lott Jr. (born May 8, 1958) is an American economist, political commentator, and gun rights advocate. Lott was formerly employed at various academic institutions including the University of ChicagoYale University, the Wharton School of the University of Pennsylvania, and the University of Maryland, College Park, and at the American Enterprise Institute conservative think tank. As of 2017, he is a contributor for FoxNews.comthe Hill, and the president of the Crime Prevention Research Center, a nonprofit he founded in 2013. Lott holds a Ph.D. in economics from UCLA.

He has written for both academic and popular publications. He has authored books such as More Guns, Less CrimeThe Bias Against Guns, and Freedomnomics. He is best known as an advocate[1][2][3] in the gun rights debate, particularly his arguments against restrictions on owning and carrying guns. Newsweek referred to Lott as “The Gun Crowd’s Guru.”[4]

Contents

Academic career

John Lott studied economics at UCLA, receiving his B.A. in 1980, M.A. in 1982, and Ph.D. in 1984. Lott has held positions in law and economics at several institutions, including the Yale Law School, the Hoover InstitutionUCLA, the Wharton Business SchoolTexas A&M University, and Rice University. Lott was the chief economist at the United States Sentencing Commission[5] (1988–1989). He spent five years as a visiting professor (1994–95) and as a fellow (1995–99) at the University of Chicago. Lott was a resident scholar at the American Enterprise Institute (2001–2006). He left AEI for SUNY Binghamton.[6] From July 2007 to 2010, Lott was a senior research scientist at the University of Maryland Foundation at the University of Maryland, College Park and lectured on law and economics.[7][8]

Popular press and electronic media

Op-eds by Lott have appeared in such places as the The Wall Street JournalThe New York Times, the Los Angeles TimesUSA Today, and the Chicago Tribune. Since 2008, he has been a columnist for Fox News, initially weekly.[9][5]

Concealed weapons and crime rate

In a 1997 article written with David B. Mustard[10] and Lott’s subsequent books More Guns, Less Crime and The Bias Against Guns, Lott argued that allowing adults to carry concealed weapons significantly reduces crime in America.

The work was immediately controversial, drawing both support and opposition. Several academics praised Lott’s methodology, including Florida State University economist Bruce Benson,[11] Cardozo School of Law professor John O. McGinnis,[12] College of William and Mary professor Carlisle Moody,[13] University of Mississippi professor William F. Shughart,[14] and SUNY economist Florenz Plassmann and University of Adelaide economist John Whitley.[15]

Other reviews said that there were problems with Lott’s model. In the New England Journal of MedicineDavid Hemenway argued that Lott failed to account for several key variables, including drug consumption, and that therefore the model was flawed.[16] Ian Ayres and John J. Donohue, said that the model used by Lott contained significant coding errors and systemic bias.[17] In the American Journal of Public HealthDaniel Webster et al. also raised concerns about other flaws in the study, such as misclassification of laws and endogeneity of predictor variables, which they said rendered the study’s conclusions “insupportable”.[18] Florida State University criminologist Gary Kleck considered it unlikely that such a large decrease in violent crime could be explained by a relatively modest increase in concealed carry,[19] and others said that removing portions of the data set caused the results to still show statistically significant drops only in aggravated assaults and robbery when all counties with fewer than 100,000 people and Florida’s counties were both simultaneously dropped from the sample.[20] A 1998 study by Jens Ludwig that said it “more effectively control[ed] for unobserved variables that may vary over time” than the Lott and Mustard study concluded that “shall-issue laws have resulted, if anything, in an increase in adult homicide rates.”[21] A 2001 study in the Journal of Political Economy by University of Chicago economist Mark Duggan did robustness checks of Lott and Mustard’s study and found that the findings of the Lott and Mustard study were inaccurate.[22]

In 2004, the National Academy of Sciences (NAS) National Research Council (NRC) conducted a review of current research and data on firearms and violent crime, including Lott’s work, and concluded “that with the current evidence it is not possible to determine that there is a causal link between the passage of right-to-carry laws and crime rates.”[23] The NRC report studied over 100 different types of gun control proposal and it reached this same non-conclusion for all these regulations. For all these regulations, the NRC panel only called for more research.

Only right-to-carry laws had a dissent from this non-conclusion. The pre-eminent criminologist James Q. Wilson dissented from this non-conclusion.[24] Wilson pointed out that committee’s own findings showed “that shall-issue laws drive down the murder rate”.[25]

Referring to the research done on the topic, The Chronicle of Higher Education reported that “Mr. Lott’s research has convinced his peers of at least one point: No scholars now claim that legalizing concealed weapons causes a major increase in crime.”[26] As Lott critics Ian Ayres and John J. Donohue III pointed out: “We conclude that Lott and Mustard have made an important scholarly contribution in establishing that these laws have not led to the massive bloodbath of death and injury that some of their opponents feared. On the other hand, we find that the statistical evidence that these laws have reduced crime is limited, sporadic, and extraordinarily fragile.”[17]

A 2008 article in Econ Journal Watch surveyed peer-reviewed empirical academic studies, and found that 10 supported the proposition that right-to-carry reduces crime, 8 supported no significant effect and none supported an increase.[27] The article was rebutted by Ian Ayres and John J. Donohue in the same journal in 2009.[28] By 2012, there were 18 peer-reviewed studies that supported right-to-carry reduces crime, 10 supported no significant effect and one supported an increase.[29] Other studies on the subject have been published in student-edited academic reviews or the commercial press.

In 2013, Lott founded the nonprofit organization Crime Prevention Research Center to study the relationship between gun laws and crime. As of July 2015, he was also the organization’s president.[30]

Women’s suffrage and government growth

Using data from 1870 to 1940, Lott and Larry Kenny studied how state government expenditures and revenue changed in 48 state governments after women obtained the right to vote. Women were able to vote in 29 states before women’s suffrage and the adoption of the 19th Amendment to the Constitution. Lott stated that “women’s suffrage coincided with immediate increases in state government expenditures and revenue and more liberal voting patterns for federal representatives, and these effects continued growing over time as more women took advantage of the franchise.”[31]

Defensive gun use

Lott argues in both More Guns, Less Crime and The Bias Against Guns that defensive gun use (DGU) is underreported, noting that in general, only shootings ending in fatalities are discussed in news stories. In More Guns, Less Crime, Lott writes that “[s]ince in many defensive cases a handgun is simply brandished, and no one is harmed, many defensive uses are never even reported to the police.”

Attempting to quantify this phenomenon, in the first edition of the book, published in May 1998, Lott wrote that “national surveys” suggested that “98 percent of the time that people use guns defensively, they merely have to brandish a weapon to break off an attack.” In that same paragraph he also wrote that “[s]ince in many defensive cases a handgun is simply brandished, and no one is harmed, many defensive uses are never even reported to the police.” The higher the rate of defensive gun uses that do not end in the attacker being killed or wounded, the easier it is to explain why defensive gun uses are not covered by the media without reference to media bias. Lott cited the figure in op-eds in the Wall Street Journal[32] and the Los Angeles Times.[33]

In 2002, he said that brandishing a weapon was sufficient to stop an attack 95% of the time. Other researchers criticized his methodology. A study in Public Opinion Quarterly said that his sample size of 1,015 respondents was too small for the study to be accurate and that the majority of similar studies suggest a value between 70 and 80 percent.[34] According to Lott, Gary Kleck and Marc Gertz’s 1994 estimate rises to 92 percent when brandishing and warning shots are added together.[35]:8 Lott said that the lower rates found by others was at least in part due to the different questions that were asked.[36] The other surveys all asked people to recall events over the previous five years, while Lott had only asked people about events that had occurred during just the previous year. Lott used the higher estimate because it accounted for his claim of media bias. The survey questions have also been made available for years to anyone who would have liked to replicate the survey themselves.

Safe storage gun laws

In a 2001 study, Lott and John E. Whitley reported that safe-storage gun laws not only did not reduce juvenile suicides or accidental gun deaths, but that they also increased rates of violent and property crime.[37] The study was criticized by Webster et al. in the Journal of the American Medical Association for using Tobit regression despite the fact that the data used in the study on youth suicides was “highly skewed and heteroskedastic“, and because the vast majority of crimes that Lott and Whitley claimed increased due to safe-storage laws occurred outside the home.[38] Webster and Carroll also wrote in Guns in American Society: An Encyclopedia of History, Politics, Culture, and the Law that the Lott and Whitley study’s findings with respect to crime were inconsistent with prior research.[39]

Environmental regulations

Together with John Karpoff and Eric Wehrly at the University of Washington, Lott has worked to show the importance of government regulations through both legal and regulatory penalties and the weaknesses of reputational penalties in reducing pollution.[40] Firms violating environmental laws suffer statistically significant losses in the market value of firm equity. The losses are of similar magnitudes to the legal penalties imposed; and in the cross section, the market value loss is related to the size of the legal penalty.

Affirmative action in police departments

Lott finds that when hiring standards are lowered in the process of recruiting more minority officers, the overall quality of all officers is reduced and crime rates are increased. The most adverse effects of these hiring policies have occurred in the most heavily black populated cities. There is no consistent evidence that crime rates rise when standards for hiring women are changed, and this raises questions about whether norming tests or altering their content to create equal pass rates is preferable. The paper examines how the changing composition of police departments affects such measures as the murder of and assaults against police officers.[41]

Abortion and crime

With John Whitley at the University of Adelaide, Lott has considered crime rates and the possible influence of laws which place abortion decisions with the pregnant person other than boards of physicians. They acknowledge the old 1960s argument that abortion may prevent the birth of “unwanted” children, who would have relatively small investments in human capital and a higher probability of crime. On the other hand, their research suggests that liberalizing abortion rules correlates with an increase in out-of-wedlock births and single parent families. In turn, they argue that this increase in single parent births implies the opposite effect on investments in human capital (i.e., average investment per child decreases under their argument). Using the correlation between children in poverty and in single parent homes with crime they build an argument that liberalization of abortion laws increased murder rates by around about 0.5 to 7 percent.[42] In a review of the literature on the relationship between abortion and crime, Theodore Joyce, an economist at Baruch College and the National Bureau of Economic Research, praised Lott and Whitley for gathering additional data on abortion but criticized the methodology that they used.[43]

Lost Bush votes in the 2000 presidential election

In 2000, Lott argued, using a regression analysis, that George W. Bush lost at least 10,000 votes in Florida after the media incorrectly called the state for Al Gore while voting was still on-going in the more conservative parts of the state.[44] Lott’s argument is used in the influential social science methodology textbook Rethinking Social Inquiry (edited by Henry Brady and David Collier) as an example of poor methodology, and showed how the number of lost Bush votes ranged from 28 to 56.[44]

Other areas

Lott claims that most of the large recent increases in campaign spending for state and federal offices can be explained by higher government spending.[45] Lott also supports the conclusion that higher quality judges, measured by their output once they are on the court (e.g., number of citations to their opinions or number of published opinions), take longer to get confirmed.[46]

Lott has advocated government deregulation of various areas, and has also been published in the popular press taking positions in support of the U.S. Republican Party and President George W. Bush on topics such as the validity of the 2000 Presidential Election results in Florida.[47]

Controversy

Defamation suit

On April 10, 2006, John Lott filed suit[48] for defamation against Steven Levitt and HarperCollins Publishers over the book Freakonomics and against Levitt over a series of emails to John McCall. In the book Freakonomics, Levitt and coauthor Stephen J. Dubner claimed that the results of Lott’s research in More Guns, Less Crime had not been replicated by other academics. In the emails to economist John McCall, who had pointed to a number of papers in different academic publications that had replicated Lott’s work, Levitt wrote that the work by several authors supporting Lott in a special 2001 issue of the Journal of Law and Economics had not been peer reviewed, Lott had paid the University of Chicago Press to publish the papers, and that papers with results opposite of Lott’s had been blocked from publication in that issue.[49]

A federal judge found that Levitt’s replication claim in Freakonomics was not defamation but found merit in Lott’s complaint over the email claims.[50]

Levitt settled the second defamation claim by admitting in a letter to John McCall that he himself was a peer reviewer in the 2001 issue of the Journal of Law and Economics, that Lott had not engaged in bribery (paying for extra costs of printing and postage for a conference issue is customary), and that he knew that “scholars with varying opinions” (including Levitt himself) had been invited to participate.[51][52] The Chronicle of Higher Education characterized Levitt’s letter as offering “a doozy of a concession.”[53]

The dismissal of the first half of Lott’s suit was unanimously upheld by The United States Court of Appeals for the Seventh Circuit on February 11, 2009.[54]

Charges that gun makers or the NRA have paid for Lott’s research

In 1996 when Lott’s research first received media attention, Charles Schumer wrote in the Wall Street Journal: “The Associated Press reports that Prof. Lott’s fellowship at the University of Chicago is funded by the Olin Foundation, which is ‘associated with the Olin Corporation,’ one of the nation’s largest gun manufacturers. Maybe that’s a coincidence, too. But it’s also a fact.”[55] Olin Foundation head William E. Simon strongly denied Schumer’s claims in a reply letter in which he stated that: Olin Foundation was funded by the personal estate of the late John M. Olin independently of Olin Corp. Like all candidates, Lott was selected to receive his Olin Fellowship by the faculty of the university, not by Olin Foundation and certainly not by Olin Corp.[56][57]

In a debate on Piers Morgan Tonight on July 23, 2012, Harvard Law School Professor Alan Dershowitz claimed: “This is junk science at its worst. Paid for and financed by the National Rifle Association.” Lott countered: “The NRA hasn’t paid for my research.” Dershowitz continued: “Your conclusions are paid for and financed—The National Rifle Association—only funds research that will lead to these conclusions.”[58][59] Separately both Lott and the NRA have denied NRA funding of Lott’s research.[60]

Disputed survey

In the course of a dispute with Otis Dudley Duncan in 1999–2000,[61][62] Lott claimed to have undertaken a national survey of 2,424 respondents in 1997, the results of which were the source for claims he had made beginning in 1997.[62] However, in 2000 Lott was unable to produce the data or any records showing that the survey had been undertaken. He said the 1997 hard drive crash that had affected several projects with co-authors had destroyed his survey data set,[63] the original tally sheets had been abandoned with other personal property in his move from Chicago to Yale, and he could not recall the names of any of the students who he said had worked on it. Critics alleged that the survey had never taken place,[64] but Lott defends the survey’s existence and accuracy, quoting on his website colleagues who lost data in the hard drive crash.[65]

Use of econometrics as proof of causation

In 2001, Rutgers University sociology professor Ted Goertzel[66] considered multiple regression to be not of much use in proving causal arguments in studies by Lott (and by Lott’s critics Levitt, Ayres and Donohue).[67]

The National Academy of Sciences panel that reported on several gun control issues in 2004 looked at Right-To-Carry laws in Chapter 6 and endorsed neither the Lott & Mustard (1997) level and trend models as definite proof nor the Ayres & Donohue (2003) hybrid model as definite refutation of Lott’s thesis: the majority of the panel concluded that econometrics could not decide the issue, suggesting instead alternate research, such as a survey of felons to determine if RTC changed their behavior.[68] The criminologist on the NAS panel, James Q. Wilson, wrote a dissent from the econometricians’ conclusion. Wilson noted in the report that all the panel’s estimates on murder rates supported Lott’s conclusion on the effect of RTC on murder.[69] The Committee responded that “[w]hile it is true that most of the reported estimates [of the policy on murder rates] are negative, several are positive and many are statistically insignificant.”[70] They further noted that the full committee, including Wilson, agreed that there was not convincing evidence that RTC policies affected other kinds of violent crime.

In a 2011 article for ALER, Donohue claimed the NRC panel results published from the hybrid model “could not be replicated on its data set”.[71] Lott replicated the NRC’s results using the NRC’s copy of the Ayres & Donohue model and data set, pointing out that the model used for the ALER article was different and introduced a truncation bias.[72]

Mary Rosh persona

In response to the dispute surrounding the missing survey, Lott created and used “Mary Rosh” as a sock puppet to defend his own works on Usenet and elsewhere. After investigative work by blogger Julian Sanchez, Lott admitted to use of the Mary Rosh persona.[64] Sanchez also pointed out that Lott, posing as Rosh, not only praised his own academic writing, but also called himself “the best professor I ever had”.

Many commentators and academics accused Lott of violating academic integrity, noting that he praised himself while posing as one of his former students[73][74] and that “Rosh” was used to post a favorable review of More Guns, Less Crime on Amazon.com. Lott has claimed that the “Rosh” review was written by his son and wife.[74]

“I probably shouldn’t have done it—I know I shouldn’t have done it—but it’s hard to think of any big advantage I got except to be able to comment fictitiously,” Lott told The Washington Post in 2003.[74]

Bibliography

See also

References …

https://en.wikipedia.org/wiki/John_Lott

Form 4473

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ATF Form 4473, October 2016 revision

Firearms Transaction Record, or Form 4473, is a form promulgated by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) in the United States Department of Justice that is filled out when a person purchases a firearm from a Federal Firearms License (FFL) holder (such as a gun shop).[1]

The Form 4473 contains name, address, date of birth, government-issued photo ID, National Instant Criminal Background Check System (NICS) background check transaction number, and a short affidavit stating that the purchaser is eligible to purchase firearms under federal law. It contains make, model, or serial number on page three of the six page form. Lying on this form is a felony and can be punished by up to five years in prison[2] in addition to fines, even if the transaction is denied by the NICS. Prosecutions are rare in the absence of another felony committed with the gun purchased.[citation needed] Of 556,496 denied transactions between FY 2008 and FY 2015, federal prosecutors prosecuted an average of under 32 cases per year, including 24 in FY 2013, 15 in FY 2014 and 20 in FY 2015.[3][4]

The dealer also records all information from the Form 4473 into a required “bound-book” called an “Acquisition and Disposition Log.[5] A dealer must keep this on file at least 20 years, and is required to surrender the log to the ATF upon retirement from the firearms business. The ATF is allowed to inspect, as well as request a copy of, the Form 4473 from the dealer during the course of a criminal investigation. In addition, the sale of two or more handguns to a person in a five-day period must be reported to ATF on Form 3310.4.

If a person purchases a firearm from a private individual who is not a licensed dealer, the purchaser is not required in most states to complete a Form 4473. Some states (such as California and Colorado) require individual sellers to sell through dealers.

These forms are given the same status as a tax return under the Privacy Act of 1974 and cannot be disclosed by the government to private parties or other government officials except in accordance with the Privacy Act. Individual dealers possessing a copy of the form are not subject to the Privacy Act’s restrictions on disclosure. Dealers are required to maintain completed forms for 20 years in the case of completed sales, and for 5 years where the sale was disapproved as a result of the NICS check.

Contents

eForm 4473

In response to the Government Paperwork Elimination Act (GPEA),[6] and based upon requests from the firearms industry, the ATF has developed the e-Form 4473 to assist in the proper completion of the Federal Firearms Transaction Record (ATF Form 4473). The ATF eForm 4473 is designed to help eliminate errors in completing Form 4473 for both the firearm purchaser and the licensed seller. The eForm 4473 is provided to the public, including major retailers, free of charge via the ATF eForm web site. ATF eForm 4473 is a downloadable application that runs locally on the seller’s computer and supports both Windows and Mac OS X operating systems. (See “External links” section below.)

2016 revision

In 2016, ATF made several changes to the form, including adding a warning statement that the use of marijuana is illegal under federal law, regardless of whether it has been legalized or decriminalized for medicinal or recreational purposes in the state where the transferee/buyer resides.[7][8]

In Popular Culture

Form 4473 was referenced in the 1984 film Red Dawn.[9]

References

  1. ^ See generally subsection (g)(1)(A) of 18 U.S.C. § 923 and subsection (a) of 27 C.F.R. sec. 478.124.
  2. ^ See subsection (a) of 18 U.S.C. § 922 and subsection (a)(1)(A) of 18 U.S.C. § 924.
  3. ^ https://oig.justice.gov/reports/2016/a1632.pdf
  4. ^ “As gun ownership increases, prosecutions for lying to get a gun fall”.
  5. ^ See generally subsection (g)(2) of 18 U.S.C. section 923.
  6. ^ Title XVII (sections 1701 through 1710) of Division C of Public Law No. 105-277, 112 Stat. 2681, at 2681-749 (Oct 21, 1998), amending subsection (a)(1)(B)(vi) of 44 U.S.C. § 3504.
  7. ^ “ATF Form 4473 – Firearms Transaction Record Revisions – Bureau of Alcohol, Tobacco, Firearms and Explosives”http://www.atf.gov.
  8. ^ “Feds spell it out: No gun for you if you fire up in a pot-legal state”. 23 November 2016.
  9. ^ “Order from COL. Ernesto Bella to KGB Major to find firearms owners during invasion of Colorado”.

External links

https://en.wikipedia.org/wiki/Form_4473

ATF Form 4473 – Firearms Transaction Record Revisions

Image of a man filling out a form

Important Notice to All Federal Firearms Licensees

ATF Form 4473, Firearms Transaction Record (Form 4473) has been revised. This page highlights the significant changes to the form. It is highly suggested that you review the entire revised form including all of the Notices, Instructions, and Definitions.

This form is effective January 16, 2017, you may no longer use the previous edition (April 2012) of the Form 4473 as it will be obsolete. The revised form is available to either download or order online.

The significant changes to Form 4473 include:Image of revised ATF Form 4473

General

Section A

Section B

Section D

Notice, Instructions, and Definitions

Related Resources

Related Research and Background Information

Ordering Forms

Contact Information

 

General

  • Form Title: Removed “Part I-Over-the-Counter”
  • Warning Statement: Clarifies that the form is to be completed at the licensed premises unless the transaction qualifies under 18 U.S.C. 922(c).

Section A

  • Question 1: Clarifies that transferee’s/buyer’s with a legal name that contains an initial only should record “IO” (including the quotation marks, i.e. John W. “IO” Smith). Also clarifies that transferee’s/buyer’s with a legal name that contains a suffix (e.g., Jr, Sr, II, III) should record the information with their last name.
  • Question 2:  Incorporated State of Residence information from former Question 13.
  • Question 6: Changed “Gender” to “Sex”.
  • Questions 10.a. and 10.b: Clarifies that both questions must be answered.
  • Question 11.e: Added a warning statement regarding marijuana that has been legalized or decriminalized for medicinal or recreational purposes in the state where the transferee/buyer resides.
  • Questions 12.a – 12.d and 13: (Formerly Questions 11.k – 12 and 14 – 15): Regrouped and revised the citizenship and immigration status questions to make them easier to follow.
  • Transferee/Buyer Certification: Clarifies that the repetitive purchase of firearms for the purpose of resale for livelihood and profit without a Federal firearms license is violation of Federal law.

Section B

  • Question 18.b (Formerly Question 20.b): Changed to “Supplemental Government Issued Documentation (if identification document does not show current residence address)
  • Question 18.c (Formerly Question 20.c): Changed to “Exception to the Nonimmigrant Alien Prohibition: If the transferee/buyer answered “YES” to 12.d.2. the transferor/seller must record the type of documentation showing the exception to the prohibition and attach a copy to this ATF Form 4473.”
  • Question 19.d (Formerly Question 21.d): Added a check box for “Overturned” transactions.
  • Question 19.g (Added to Form): “Name of FFL Employee Completing NICS check. (Optional)”.
  • Question 20 (Formerly Question 22): Clarifies that a NICS check is not required if the individual receiving the firearm was subject to a background check as part of the NFA approval process.

Section D

  • Header: Added instruction that the firearm information must be recorded even if the firearm(s) is/are not transferred.
  • Question 24 (Formerly Question 26): Changed to “Manufacturer and Importer (If any)” to reflect the language in 27 CFR 478.125(e).
  • Question 24 – 28 (Formerly Question 26 – 30): Removed line 5 and added line numbers.
  • Multiple Sale: Added “REMINDER – By the Close of Business” to the beginning of the sentence for clarification.
  • Question 29 (Formerly Question 30.a): Clarifies that “zero” should be recorded if no firearm(s) is/are transferred.
  • Question 30 (Formerly Question 30.b): Changed to a check box and added an instruction to record the line number(s) involved in the pawn redemption.
  • Question 32 (Added to Form): A check box to indicate that the transaction is to facilitate a private party transfer.
  • Question 33 (Formerly Questions 31 – 32): Combined the two questions.
  • Transferor Certification: Revised language to certify that the form was completed at the licensed business premises unless the transaction meets the requirements of 18 U.S.C. 922(c) and the transaction complies with State or local laws that are applicable to the firearms business. Clarifies that unless the transaction has been denied or cancelled the transferor/seller certifies that it is his/her belief that it is not unlawful for him/her to sell, deliver, transport, or otherwise dispose of the firearm(s) listed on this form to the person identified in Section A.

Notices, Instructions, and Definitions

  • Purpose of the Form – Paragraph 2 (Added to Form): “Generally, ATF Form 4473 must be completed at the licensed business premises when a firearm is transferred over-the-counter. Federal law, 18 U.S.C. 922(c), allows a licensed importer, manufacturer, or dealer to sell a firearm to a nonlicensee who does not appear in person at the licensee’s business premises only if the transferee/buyer meets certain requirements. These requirements are set forth in section 922(c), 27 CFR 478.96(b), and ATF Procedure 2013-2.”
  • Purpose of the Form – Over-the-Counter Transaction (Formerly Paragraph 4): Removed from form.
  • Purpose of the Form – State Laws and Published Ordinances (Formerly Paragraph 5): Removed from form. Information incorporated into Paragraph 1.
  • Purpose of the Form – Exportation of Firearms: Added “Warning: Any person who exports a firearm without proper authorization may be fined not more than $1,000,000 and/or imprisoned for not more than 20 years See 22 U.S.C. 2778(c).”
  • Instruction for Section A: Formerly instructions for Question 1.
  • Instruction for Question 2: Clarifies that a rural route (RR) may be accepted provided the transferee/buyer lives in a State or locality where it is considered a legal residence address. Also clarifies that the State of residence for members of the Armed Forces on active duty is the State in which his or her permanent duty station is located.
  • Instruction for Question 9: Clarifies that the licensee should provide the UPIN when conducting background checks through the NICS or the State POC.
  • Instruction for Questions 10.a. and 10.b: Added to form.
  • Instruction for Question 11.a: Clarifies when a gift is considered “bona fide” and provides examples.
  • Instruction for Questions 11.b – 12 (Formerly Questions 11.b – 11.l): Added a new paragraph between the 1st and 2nd paragraphs. “A member of the Armed Forces must answer “yes” to 11.b. or 11.c. if charged with an offense that was either referred to a General Court Martial, or at which the member was convicted. Discharged “under dishonorable conditions” means separation from the Armed Forces resulting from a dishonorable discharge or dismissal adjudged by a General Court-Martial. The term does not include any other discharge or separation from the Armed Forces.”
  • Instruction for Question 11.b: Removed from form. Information incorporated into Questions 11.b – 12.
  • EXCEPTION (Formerly EXCPTION to 11.c. and 11.i.): Clarifies that persons subject to this exception, or who receive relief from disabilities under 18 U.S.C. 925(c), should answer “no” to the applicable question.
  • Instruction for Question 11.d: Added to form. Provides the definition of “Fugitive from Justice”.
  • EXCEPTION (Formerly EXCEPTION to 11.f): Clarifies when a person is not prohibited under the NICS Improvement Amendments Act of 2007. Language revised and additional information added.
  • Instruction for Question 12.d (Formerly Question 11.l.): Clarifies which aliens must answer “yes” to this question and provide the additional documentation required under Question 18.c.
  • Former Instruction for Question 11.l: Paragraph 2 removed from form. Information incorporated into Question 12.a.-12.d.
  • Former Instruction for Question 12: Removed from form. Information from Paragraph 1 incorporated into Question 18.c. Information from paragraph 2 incorporated into Questions 12.a.-12.d.
  • Former Instruction for Question 13: Removed from form. Information incorporated into Question 2.
  • New Instruction for Question 13: Added to form. Clarifies where U.S.-issued alien and admission numbers may be found. Also clarifies that U.S. citizens and U.S. nationals should leave the question left blank.
  • Instruction for Question 16 (Formerly Question 18): Clarifies that frames and receivers cannot be transferred to anyone who is not a resident of the State where the transfer is to take place.
  • Instruction for Question 17. (Formerly Question 19.): Added the definition of “Qualifying Gun Show or Event”.
  • Instruction for Question 18a (Formerly Question 20.a): Clarifies that licensees may accept electronic PCS orders to establish residency.
  • Instruction for Question 18.b. (Formerly Question 20.b.): Clarifies that a valid electronic document from a government website may be used as supplemental documentation provided it contains the transferee’s/buyer’s name and current residence address.
  • Instruction for Question 18c. (Formerly Question 20.c.): Clarifies the exceptions to the nonimmigrant alien prohibition and acceptable documentation.
  • Instruction for Question 19 (Formerly Question(s) 21, 22, 23): Clarifies for purposes of this form, contacts to NICS include State agencies designated as points-of-contact (“or POCs”) to conduct NICS checks for the Federal Government.  Provides instructions for completing the form when a transaction was denied and later overturned.
  • Instruction for Questions 20 and 21 (Formerly EXCEPTIONS TO NICS CHECK): Clarifies that the exception includes transfers of National Firearms Act firearms to an individual who has undergone a background check during the NFA approval process. Also clarifies that a NICS check must be conducted if an NFA firearm has been approved for transfer to a trust, or to a legal entity such as a corporation, and no background check was conducted as part of the NFA approval process on the individual who will receive the firearm. Additionally clarifies that individuals who have undergone a background check during the NFA application process are listed on the approved NFA transfer form.
  • Instruction for Question(s) 24-28 (Formerly Question(s) 26, 27, 28, 29 and 30): Clarifies that these blocks must be completed with the firearms information. Also clarifies that all firearms manufactured after 1968 by Federal firearms licensees should be marked with a serial number.
  • Former Instruction for Question 32: Removed from form.
  • New Instruction for Question 32: Added to form. Provides instructions for completing the form when the transaction is to facilitate a private party transfer.
  • Former Instructions for Questions 33-35: Removed from form.

Related Resources

Related Research and Background Information

Ordering Forms

The revised form is available to either download or order.  FFLs started to receive packets of 50 forms in late December 2016.  Should you require additional forms, please contact the ATF Distribution Center by telephone at (703) 870-7526 or (703) 870-7528. Forms may also be ordered online or you may print the Form 4473 from ATF’s website and make copies as needed.  Please note that all six pages of the Form 4473 must be printed and retained as a part of your permanent records.

Contact Information

If you have additional questions regarding the revised Form 4473, please contact your local ATF office.  A listing may be found online.

https://www.atf.gov/firearms/atf-form-4473-firearms-transaction-record-revisions

Story 2: Creepy Sleepy Dopey Joey Biden Attacks Trump By Lying About Trump’s Comments Regarding Charlottesville — Joins Radical Extremist Democrat Socialists in Desperate Attempt To Save His Candidacy — A Real Abuse of Power –Clinton Obama Democrat Criminal Conspiracy — Videos

The Charlottesville Lie

President Donald Trump On Charlottesville: You Had Very Fine People, On Both Sides | CNBC

Biden: Trump ‘fanning flames of white supremacy’

President Trump tweets about Charlottesville, Va., violence

Published on Aug 12, 2017

Trump condemns Charlottesville attack (full)

Published on Aug 14, 2017
After facing two days of criticism for his response to the violence at a white nationalist rally in Charlottesville, Virginia, President Trump condemned the attack in a statement from the White House.

Biden: ‘Everything the president says encourages white supremacists’

Joe Biden: President Donald Trump Fanned The Flames Of White Supremacy | The Last Word | MSNBC

Joe Biden stands by comments linking Trump to growth of white supremacy

Former Vice President Joe Biden Claims Trump’s Rhetoric Is About ‘The Abuse Of Power’ | MSNBC

Biden seeks to keep edge as 2020 Democrats flood Iowa

By James Oliphant

https://www.dailymail.co.uk/wires/reuters/article-7339463/Biden-seeks-edge-2020-Democrats-flood-Iowa.html

Latest 2020 Democratic Presidential Primary Polls
Friday, August 9
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination SurveyUSA Biden 33, Warren 19, Sanders 20, Harris 9, Buttigieg 8, O’Rourke 1, Booker 1, Gabbard 0, Yang 0, Klobuchar 1, Castro 0, Steyer 0, Bullock 0 Biden +13
Thursday, August 8
Race/Topic   (Click to Sort) Poll Results Spread
Iowa Democratic Presidential Caucus Monmouth Biden 28, Warren 19, Harris 11, Sanders 9, Buttigieg 8, Klobuchar 3, Steyer 3, Booker 1, Yang 2, Gillibrand 2, Delaney 1, Castro 0, Gabbard 1 Biden +9
California Democratic Primary KGTV-TV/SurveyUSA Biden 25, Harris 17, Warren 21, Sanders 18, Buttigieg 6, Yang 1, Booker 1, Gabbard 1, O’Rourke 0, Castro 0, Klobuchar 0, Steyer 0, Williamson 0 Biden +4
North Carolina Democratic Presidential Primary Civitas/SurveyUSA Biden 36, Sanders 15, Warren 13, Harris 8, Buttigieg 5, O’Rourke 0, Booker 1, Yang 1, Klobuchar 0, Ryan 0, de Blasio 0, Gillibrand 0 Biden +21
Pennsylvania Democratic Presidential Primary Franklin & Marshall Biden 28, Warren 21, Sanders 12, Harris 8, Buttigieg 6, Booker 2, O’Rourke 1, Gabbard 1, Klobuchar 0 Biden +7
Wednesday, August 7
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination Economist/YouGov Biden 25, Warren 18, Sanders 13, Harris 8, Buttigieg 7, O’Rourke 2, Booker 2, Gabbard 3, Yang 2, Klobuchar 1, Castro 1, Steyer 1, Bullock 1 Biden +7
Tuesday, August 6
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination Quinnipiac Biden 32, Warren 21, Sanders 14, Harris 7, Buttigieg 5, O’Rourke 2, Booker 2, Gabbard 1, Yang 1, Klobuchar 1, Castro 1, Steyer 0, Bullock 0 Biden +11
2020 Democratic Presidential Nomination Politico/Morning Consult Biden 33, Warren 15, Sanders 19, Harris 9, Buttigieg 6, O’Rourke 3, Booker 3, Gabbard 1, Yang 2, Klobuchar 1, Castro 1, Steyer 1, Bullock 1 Biden +14
2020 Democratic Presidential Nomination IBD/TIPP Biden 30, Warren 17, Sanders 12, Harris 11, Buttigieg 6, O’Rourke 1, Booker 2, Gabbard 1, Yang 0, Klobuchar 1, Castro 0, Steyer, Bullock 0 Biden +13
New Hampshire Democratic Presidential Primary Boston Globe/Suffolk Biden 21, Sanders 17, Warren 14, Harris 8, Buttigieg 6, Gabbard 3, Booker 1, O’Rourke 0, Steyer 1, Yang 1, Gillibrand 1, Delaney 1 Biden +4
Texas Democratic Primary DMN/Emerson Biden 28, O’Rourke 19, Sanders 16, Warren 14, Harris 5, Buttigieg 7, Castro 2, Yang 3, Gabbard 1, Booker 2, Delaney 0, Ryan 1 Biden +9
Friday, August 2
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination Politico/Morning Consult Biden 32, Warren 15, Sanders 18, Harris 10, Buttigieg 6, O’Rourke 3, Booker 3, Gabbard 1, Yang 2, Klobuchar 1, Castro 1, Steyer 1, Bullock 0 Biden +14
2020 Democratic Presidential Nomination Harvard-Harris Biden 34, Warren 8, Sanders 17, Harris 9, Buttigieg 4, O’Rourke 3, Booker 2, Gabbard 0, Yang 1, Klobuchar 1, Castro 1, Steyer 1, Bullock Biden +17
Wednesday, July 31
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination Economist/YouGov Biden 26, Warren 20, Sanders 13, Harris 11, Buttigieg 6, O’Rourke 2, Booker 3, Gabbard 2, Yang 1, Klobuchar 0, Castro 2, Steyer 0, Bullock 0 Biden +6
Tuesday, July 30
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination Emerson Biden 33, Warren 14, Sanders 20, Harris 11, Buttigieg 6, O’Rourke 4, Booker 0, Gabbard 1, Yang 2, Klobuchar 0, Castro 1, Steyer 2, Bullock 0 Biden +13
2020 Democratic Presidential Nomination Politico/Morning Consult Biden 33, Warren 13, Sanders 18, Harris 12, Buttigieg 5, O’Rourke 3, Booker 3, Gabbard 1, Yang 2, Klobuchar 1, Castro 1, Steyer 1, Bullock 0 Biden +15
2020 Democratic Presidential Nomination The Hill/HarrisX Biden 34, Warren 12, Sanders 20, Harris 9, Buttigieg 5, O’Rourke 4, Booker 1, Gabbard 0, Yang 1, Klobuchar 1, Castro 1, Steyer 1, Bullock 1 Biden +14
Monday, July 29
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination Quinnipiac Biden 34, Warren 15, Sanders 11, Harris 12, Buttigieg 6, O’Rourke 2, Booker 1, Gabbard 1, Yang 2, Klobuchar 1, Castro 0, Steyer 0, Bullock 0 Biden +19
Saturday, July 27
Race/Topic   (Click to Sort) Poll Results Spread
Nevada Democratic Presidential Caucus Morning Consult* Biden 29, Sanders 23, Warren 12, Harris 11, Buttigieg 6, O’Rourke 3, Yang 3, Booker 3, Castro 2, Klobuchar 1, Steyer 1 Biden +6
Friday, July 26
Race/Topic   (Click to Sort) Poll Results Spread
2020 Democratic Presidential Nomination FOX News Biden 33, Warren 12, Sanders 15, Harris 10, Buttigieg 5, O’Rourke 2, Booker 2, Gabbard 0, Yang 3, Klobuchar 3, Castro 1, Steyer 1, Bullock 0 Biden +18

1 23 

 

Story 3: Survival of The Anti-American  Presidential Candidates of The Radical Extremist Democratic Socialist (REDS) — How Not To Win Friends and Influence People — Failing Final Four: Biden, Warren, Sanders and Harris — Trump Should Beat Them All — Videos

Progressives worry about the strength of the 2020 Democratic field

The Angle: Kamala’s big con

Here are the candidates who qualified for the third Democratic debate — and those who might miss out

Andrew Yang became the ninth candidate to qualify.

Javier Zarracina/Vox; Getty Images

Democrats aren’t letting just anyone onto their presidential debate stage anymore.

After two debates with lenient qualification standards that featured 20 candidates each, the DNC raised the bar for September’s third debate. The move has created some drama, as various lower-polling contenders are struggling to make the cut with less than three weeks before the final lineup is announced.

We’ll go into the fine print more below, but the gist is that candidates have to hit 2 percent in four recent polls from a specific list of organizations, and also get donations from 130,000 different people. By contrast, to get into the first debate, you had to hit 1 percent in three polls or get donations from 65,000 people — each threshold was lower, and you didn’t need to meet both of them.

Currently, nine candidateshavequalified for debate No. 3: Joe BidenBernie SandersElizabeth WarrenKamala HarrisPete ButtigiegBeto O’RourkeCory BookerAmy Klobuchar, and Andrew Yang.

Three more candidates — Julián CastroTom Steyer, and Tulsi Gabbard — have made some significant progress toward qualifying, though it’s not clear if they’ll make it. The rest of the field seems quite far away and the clock is ticking: The deadline to qualify is Wednesday, August 28.

However, candidates who narrowly fail to qualify for September’s third debate might get another chance in October. The DNC is using the same qualification rules for both events, but candidates will have an extra month or so to get more donations or show improvement in polls, as Politico’s Zach Montellaro reported.

The third debate is scheduled for September 12 and potentially also September 13, if enough candidates qualify to necessitate a two-night event. It’s co-sponsored by and will be aired on ABC and Univision.

How to qualify for the third Democratic debate

To make it onto the debate stage, a Democratic candidate has to meet both of these two thresholds.

1. The polling threshold: A candidate must hit 2 percent or more in at least four polls released between June 28 and August 28.

  • These can be either national polls or early state polls (of Iowa, New Hampshire, Nevada, or South Carolina).
  • These polls must be conducted by one of these organizations: CNN, Fox News, CBS, ABC, NBC, the New York Times, the Washington Post, the Wall Street Journal, USA Today, the Associated Press, NPR, the Des Moines Register, Monmouth University, Quinnipiac University, the University of New Hampshire, or Winthrop University.
  • One catch is that a candidate cannot use multiple polls by the same organization covering the same geographic area. (For example, if there are two NBC national polls showing a candidate meeting the threshold, only one of them will count).

2. The donor threshold: A candidate must have received donations from 130,000 different people. Also, they must have at least 400 donors each in at least 20 different states.

The names of donors who give less than $200 don’t have to be publicly disclosed, so for the time being we’ve had to rely on the candidates’ own claims that they’ve met this donor threshold. (Eventually, they have to give corroborating information to the DNC, which will double-check.)

Javier Zarracina/Vox

Who’s qualified for the third Democratic debate?

So far, these candidates have met the polling threshold and have said they’ve met the donor threshold:

  1. Joe Biden
  2. Bernie Sanders
  3. Elizabeth Warren
  4. Kamala Harris
  5. Pete Buttigieg
  6. Beto O’Rourke
  7. Cory Booker
  8. Amy Klobuchar
  9. Andrew Yang

Currently, this list is small enough that it could mean all the candidates get to debate together on one night, rather than being split over two separate nights as was the case in both previous debates this year.

But the DNC has said that if a “large field” does end up qualifying, this third debate will again be a two-night event. They have not, however, said exactly how many qualifying candidates would necessitate a two-night debate.

So if, say, 11 or 12 candidates qualify — which seems totally plausible at the moment — it’s not yet clear whether they’d all be onstage together or whether they’d be split in two groups on separate nights.

Who hasn’t yet qualified for the third Democratic debate?

There are three candidates who have made significant progress toward qualifying but who haven’t yet sealed the deal.

  • Former HUD Secretary Julián Castro has three of four qualifying polls and says he has met the donor threshold. So he needs just one more poll to qualify.
  • Rep. Tulsi Gabbard (D-HI) says she has met the donor threshold but she has just one of four qualifying polls. So she needs three more polls to qualify.
  • Billionaire Tom Steyer has three of four qualifying polls but he has not yet met the donor threshold. So he needs one more poll and a bunch more donors to quality.

Everybody else in the race faces an uphill climb to qualify, with most having zero of the necessary four polls so far and not having met the donor threshold, either. They are:

  • Sen. Kirsten Gillibrand of New York (has one poll)
  • Gov. John Hickenlooper of Colorado (has one poll)
  • Gov. Jay Inslee of Washington
  • Gov. Steve Bullock of Montana
  • Sen. Michael Bennet of Colorado
  • Author Marianne Williamson
  • New York City Mayor Bill de Blasio
  • Former Rep. John Delaney of Maryland
  • Rep. Tim Ryan of Ohio
  • Rep. Seth Moulton of Massachusetts
  • Mayor Wayne Messam of Miramar, Florida
  • Former Rep. Joe Sestak of Pennsylvania

But candidates will get another chance at qualifying for the fourth debate

There’s an interesting twist about qualifying for the fourth Democratic debate in October, though: It will actually be easier.

That’s because the qualification rules are exactly the same as for the third debate — except that there will be more time for campaigns to make it happen.

For the polling threshold in particular, the third debate requires polls released between June 28 and August 28 be used. But for the fourth debate, that window goes from that same starting point (June 28) up until two weeks before the October debate (which doesn’t yet have a specific announced date).

The gist, as Politico points out, is that any candidates who qualify for the third debate automatically make it into the fourth debate — and on top of that roster, the rest of the field will have another month to try and get the rest of what they need as well.

So what could oddly ensue is a significantly smaller field for September’s third debate that then gets a bit bigger for October’s fourth debate.

https://www.vox.com/2019/8/8/20758519/democratic-debate-qualification-polls-candidates-yang-gabbard

Story 4: Nearly 700 Illegal Aliens Detained In Massive Raids In Mississippi Food Processing Plants — End Catch and Release — Videos —

 

ICE releases almost half of the 680 people arrested during Mississippi raids

Massive immigration raids at agricultural processing plants in Mississippi

News Wrap: ICE arrests 680 undocumented workers in Mississippi

Scores from Mexico, Guatemala detained in Mississippi raids

The governments of Guatemala and Mexico said on Thursday that between them, almost 300 of their citizens had been detained in the southern U.S. state of Mississippi as part of sweeping U.S. immigration operations.

U.S. immigration authorities arrested nearly 700 people at seven agricultural processing plants across the state on Wednesday in what federal officials said could be the largest worksite enforcement operation in a single state.

On Twitter, the Mexican foreign ministry said 122 Mexican nationals had been detained, of whom 34 had been released and notified of dates for hearings with migration authorities.

Guatemala’s foreign ministry said in a statement that 176 of its citizens had been arrested in the raids in Mississippi, 142 of them men and 34 women.

Separately, the Honduran foreign ministry said that two Hondurans so far had been confirmed among those detained.

U.S. President Donald Trump has made cracking down on illegal immigration, especially from Central America and Mexico, one of the signature policies of his administration. (Reporting by Lizbeth Diaz; Writing by Julia Love; Additional reporting by Gustavo Palencia in Tegucigalpa and Sofia Menchu in Guatemala City; Editing by Frank Jack Daniel, Sandra Maler and Tom Hogue)

https://www.dailymail.co.uk/wires/reuters/article-7339509/Mexico-minister-says-107-Mexicans-detained-Mississippi-operations.html

Story 5: A Confident President Trump Comments To The Big Lie Media Before Taking 10 Day Vacation — Winning The Hearts and Minds of American People With A Resonating Message — Meaningful Background Checks — Yes, Red Flags — No Videos

MARATHON TRUMP: President Trump Talks To Media Before Vacation

Story 6: Numerous Two Second or A Few Seconds Videos on Youtube For Fox Commentators Including Laura Ingraham, Tucker Carlson, Sean Hannity, Fox and Friends, The Five, and Many More — Either YouTube is Doing This or YouTube Is Failing To Stop Whoever  Is Doing This — Videos

The Ingraham Angle 8/8/19 FULL | Laura Ingraham Fox News August 8, 2019

The Ingraham Angle 8/9/19 FULL | Laura Ingraham Fox News August 9, 2019

 

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The Pronk Pops Show 1300, August 1, 2019, Story 1: Story 1: Democrat Destruction Derby Debate 2 — Santa Claus Socialism — Vote Me and I Will Give You Free Stuff — Take Away Your Employer and Union Provided Health Care Insurance and Replace It With Socialized Medicine — Medicare For All — Give All 30-60 Million Illegal Aliens in U.S. Citizenship and Free Health Insurance and Open Borders With No Border Barrier and Abolish ICE or Immigration and Customs Enforcement — American People Betrayed By Radical Extremist Democrat Socialist (REDS) — Result: Trump Wins in A Landslide With A Message That Resonates With American People — Videos — Story 2: President Trump Comments To Big Lie Media — Videos — Student 3: Federal Reserve As Expected Reduces Federal Funds Rate By 25 Basis Points to 2.0-2.25% –Videos

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Economic indicators: Interest rates remain at historically low levels, while unemployment is at the lowest point since Nixon was president.

See the source image

Story 1: Democrat Destruction Derby Debate 2, Day 2 — Santa Claus Socialism — Vote Me and I Will Give You Free Stuff — Take Away Your Employer and Union Provided Health Care Insurance and Replace It With Socialized Medicine — Medicare For All — Give All 30-60 Million Illegal Aliens in U.S. Citizenship and Free Health Insurance and Open Borders With No Border Barrier and Abolish ICE or Immigration and Customs Enforcement — American People Betrayed By Radical Extremist Democrat Socialist (REDS) — Result: Trump Wins in A Landslide With A Message That Resonates With American People — Videos

Watch Democratic Debate Highlights In Detroit 2019 Night 2 | Second Half

Democratic Presidential Debate Round 2 Day 1 Highlights | NBC New York

Watch the 9 minutes that has America searching Tulsi Gabbard

Tulsi Gabbard rips Kamala Harris’ record on criminal prosecutions

Cory Booker to Biden: You’re dipping into the Kool-Aid and don’t even know the flavor

Ari Fleischer: Democrat debates have been a display of losing ideas

CNN Democratic debate night 2

a sign on a table: It will be twice as hard for the 2020 Democrats to qualify for the next debate. In addition to the seven who already have, three are within striking distance.© Erin Schaff/The New York Times It will be twice as hard for the 2020 Democrats to qualify for the next debate. In addition to the seven who already have, three are within striking distance.The Democratic National Committee has set stricter criteria for the third set of debates, which will be held on Sept. 12 and Sept. 13 in Houston. If 10 or fewer candidates qualify, the debate will take place on only one night.

[The race is fluid, and other things we learned from the July Democratic debates.]

Candidates will need to have 130,000 unique donors and register at least 2 percent support in four polls. They have until Aug. 28 to reach those benchmarks.

 

These criteria could easily halve the field: The first two sets of debates included 20 of the 24 candidates, but a New York Times analysis of polls and donor numbers shows that only 10 to 12 candidates are likely to make the third round.

Seven candidates have already met both qualification thresholds and are guaranteed a spot on stage. They are:

Former Vice President Joseph R. Biden Jr.

■ Senator Cory Booker of New Jersey

■ Mayor Pete Buttigieg of South Bend, Ind.

■ Senator Kamala Harris of California

■ Former Representative Beto O’Rourke of Texas

■ Senator Bernie Sanders of Vermont

■ Senator Elizabeth Warren of Massachusetts

Three other candidates are very close: The former housing secretary Julián Castro and the entrepreneur Andrew Yang have surpassed 130,000 donations and each have three of the four qualifying polls they need, while Senator Amy Klobuchar of Minnesota has met the polling threshold and has about 120,000 donors.

Beyond them, only three candidates have even a single qualifying poll to their name: the impeachment activist Tom Steyer (2 polls), Representative Tulsi Gabbard of Hawaii (1) and former Gov. John Hickenlooper of Colorado (1).

We asked all three of their campaigns to provide donor numbers so we could assess where they stood. Ms. Gabbard had just under 114,000 donors as of Wednesday night. A spokesman for Mr. Steyer said he was “on track to collect the required number of donors to make the September debate stage” but did not give a number. Mr. Hickenlooper’s campaign did not respond, but Politico reported a month ago that he had only 13,000 donors.

The other 11 candidates in the race have no qualifying polls to their name, and they all went into this week’s debates seeking a viral moment that would attract new donors and lift them, even briefly, in the polls.

The qualification rules do not require enduring support. Even a small post-debate surge could push a 1 percent candidate up to 2 percent in the small handful of polls he or she needs.

But for those who have not qualified, the Aug. 28 deadline is an existential threat. Candidates like Senator Kirsten Gillibrand of New York or Gov. Jay Inslee of Washington could be washed out of the race if they don’t get momentum from this week’s debates. And if you’re wondering whether they’re anxious, the answer is yes.

Ms. Gabbard’s campaign calculated at one point that she needed a new donor every minute to reach 130,000 by the Aug. 28 deadline, so if you go to her website, a timer next to the donation button begins counting down 60 seconds. Then the text changes.

https://www.msn.com/en-us/news/politics/only-7-candidates-have-qualified-for-the-next-democratic-debate/ar-AAFbiYl

Story 2: President Trump Comments To Big Lie Media — Videos

Trump comments on US-China tensions, upcoming Ohio rally

 

Student 3: Federal Reserve As Expected Reduces Federal Funds Rate By 25 Basis Points to 2.00%-2.25% As Economic Growth Slows Down – -Videos

Federal Reserve Chair Jerome Powell holds news conference on interest rates | USA TODAY

Federal Reserve Lowers Interest Rates

Federal Reserve lowers interest rates

The Federal Reserve cuts rates by a quarter point

What the Fed interest rate cut means for your wallet

Fed cuts interest rates for first time since financial crisis

Trump tariffs torpedo stock market

Donald Trump rages against the Federal Reserve as it cuts interests rates by 0.25% but signals it WON’T slash them more as he has demanded – in move which sends shares plunging

  • Key interest set by the Federal Reserve is cut by 0.25 per cent for the first time since 2008, the year of the financial crisis
  • The central bank moved the target range for the federal funds rate to 2 to 2-1/4 percent, from 2 1/5 to 2 3/4
  • Move is a departure from its previous policy and comes after Trump heaped pressure on its chairman Jerome Powell to reduce cost of borrowing
  • But reserve’s committee said in statement it was acting over fears of a worldwide slowdown

Donald Trump unleashed on the Federal Reserve Wednesday afternoon after it made its first interest rate cut in more than a decade saying it was not ‘much help’ after the bank’s chairman signaled the move was a one-off reduction.

Jerome Powell sent share prices plunging as he called the 0.25 per cent cut in the key interest rate a ‘mid-cycle adjustment’ and talked down the chances of more cuts following.

The Dow Jones fell by 400 points as Powell signaled at a press conference in Washington D.C. that the cut was a one-off.

The Dow  closed down 333 points and both the NASDAQ and S&P 500 lost 1% of their value.

Donald Trump unleashed on the Federal Reserve Wednesday afternoon after it made its first interest rate cut in more than a decade saying it was not ‘much help’ after the bank’s chairman signaled the move was a one-off reduction.

Jerome Powell sent share prices plunging as he called the 0.25 per cent cut in the key interest rate a ‘mid-cycle adjustment’ and talked down the chances of more cuts following.

The Dow Jones fell by 400 points as Powell signaled at a press conference in Washington D.C. that the cut was a one-off.

The Dow  closed down 333 points and both the NASDAQ and S&P 500 lost 1% of their value.

Donald Trump unleashed on the Federal Reserve Wednesday afternoon after it made its first interest rate cut in more than a decade saying it was not ‘much help’ after the bank’s chairman signaled the move was a one-off reduction.

Jerome Powell sent share prices plunging as he called the 0.25 per cent cut in the key interest rate a ‘mid-cycle adjustment’ and talked down the chances of more cuts following.

The Dow Jones fell by 400 points as Powell signaled at a press conference in Washington D.C. that the cut was a one-off.

The Dow  closed down 333 points and both the NASDAQ and S&P 500 lost 1% of their value.

Trump used the market fall to make his case that Powell and his board should have started an ‘agressive’ series of rate cuts.

‘What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world.

‘As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place – no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!’

Trump had gone all-in on a call for a 0.5 per cent reduction to stimulate the U.S. economy. ‘The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!’ he had tweeted on Monday.

Explanation time: Jerome Powell, the chairman of the Federal Reserve, outlined why it had cut interest rates - as the markets reacted in real time with a sell-off which reached as much as 400 points wiped off the Dow in the course of his press conference

Explanation time: Jerome Powell, the chairman of the Federal Reserve, outlined why it had cut interest rates – as the markets reacted in real time with a sell-off which reached as much as 400 points wiped off the Dow in the course of his press conference

How markets reacted: The Dow Jones closed 333 points down in a sign of concern that the rate cut was effectively a one-off - not the stimulus Trump has demanded

How markets reacted: The Dow Jones closed 333 points down in a sign of concern that the rate cut was effectively a one-off – not the stimulus Trump has demanded

President Donald Trump had all but demanded a rate-slashing, but predicted that the Fed wouldn't do 'enough' to stimulate the U.S. economy. He had heaped pressure on Jerome Powell, his own appointment as chairman, to cut the cost of borrowing.
President Donald Trump had all but demanded a rate-slashing, but predicted that the Fed wouldn't do 'enough' to stimulate the U.S. economy. He had heaped pressure on Jerome Powell, his own appointment as chairman, to cut the cost of borrowing.

President Donald Trump had all but demanded a rate-slashing, but predicted that the Fed wouldn’t do ‘enough’ to stimulate the U.S. economy. He had heaped pressure on Jerome Powell, his own appointment as chairman, to cut the cost of borrowing.

Powell and the reserve, however, defied him.

It voted that the new benchmark interest rate will fall between 2 per cent and 2.25 per cent. The Fed’s board had voted nine times since 2015 to increase it.

Eight of the Fed’s 10 board members voted to trim the short-term benchmark rate. The other two argued for leaving it as-is.

Powell, speaking in a news conference after the release of the Fed statement, characterized the rate cut as ‘a mid-cycle adjustment to policy,’ comments that do not imply sharp further cuts are on the way.

Among his messages at the press conference in Washington D.C. were that job growth was slowing and that trade tensions were bad for the economy’s outlook – but he repeatedly talked up the strength of the economy.

Explaining the cut, Powell cited global weakness and a desire to boost too-low inflation in explaining the central bank’s decision to lower borrowing costs for the first time since 2008 and move up plans to stop winnowing its massive bond holdings.

Financial markets had widely expected the Fed to reduce its key overnight lending rate by a quarter of a percentage point to a target range of 2.00% to 2.25%, but many traders expected a clearer confirmation of forthcoming rate cuts.

Instead Powell’s message was taken to mean that rates will stay where they are, prompting shares to fall.

And the value of the dollar up against other currencies, which will further anger Trump who had wanted it to fall to boost exports.

The rate cut means that consumers will find in the coming months that interest rates will fall for long-term fixed mortgages, auto loans and credit cards.

That can mean significant household savings, which Americans typically pour back into the U.S. economy through higher spending.

For those few who save their winnings in the periodic Fed lottery, however, interest rates for bank savings accounts will also likely fall.

Mortgage rates were already sliding downward before the Fed met, due to other economic factors.

Even with Wednesday’s cut, the Fed’s principal interest rate is the highest in years. But by historical standards it’s still low.

A policy statement appeared to leave the door open for the Fed to cut rates again in September as it ‘contemplates the future path of the target range for the federal funds rate.’

‘In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the committee decided to lower the target range for the federal funds rate,’ the U.S. central bank said.

But Powell’s lengthy press conference appeared to close the door on that.

Wednesday’s cut is seen as an early bid to prevent a downturn in the U.S. economy that forecasters say will result from Trump’s trade war with China.

Economic indicators: Interest rates remain at historically low levels, while unemployment is at the lowest point since Nixon was president.

Economic indicators: Interest rates remain at historically low levels, while unemployment is at the lowest point since Nixon was president.

Uncertainties in global markets have paralyzed some businesses, starting what could soon be a global slowdown.

The Fed’s statement said that the U.S. labor market ‘remains strong,’ and that the domestic economy is continuing to grow ‘at a moderate rate.’ Overall inflation is running below 2 per cent.

Trump griped on July 22 that the federal funds rate, which determines how much banks – and, by extension, consumers – pay to borrow money, continued to be too high.

‘With almost no inflation, our Country is needlessly being forced to pay a MUCH higher interest rate than other countries only because of a very misguided Federal Reserve,’ he wrote then in a tweet.

On Monday he added that the Fed had previously hiked rates ‘way too early and way too much.’

Trump believes that other countries are more adept at managing the money supplies that move in and out of their financial systems, and in keeping the interest rates that drive borrowing and bond trading flexible.

He has grown increasingly impatient with Fed chairman Jerome Powell, who he believes he can replace at will.

‘I have the right to demote him. I have the right to fire him,’ the president said last month, cautioning that he had ‘never suggested’ doing so.

Any move to oust Powell would likely touch off a legal fight with major repercussions in financial markets as greater uncertainties spook traders.

U.S. economic data continues to be mixed, despite Trump’s frequent claims that he presides over a miraculous resurgence.

The unemployment rate is nearing a low point not seen in America since Richard Nixon was president and stock markets have hit repeated new records

But the nation’s manufacturing economy, which Trump promised to revitalize, has stalled in the past two quarters, and the growth of America’s economy is growing at 2.1 per cent per year – slower than the president has predicted.

The move is seen as an early bid to prevent a downturn in the U.S. economy that forecasters say will result from Trump’s trade war with China.

Uncertainties in global markets have paralyzed some businesses, starting what could soon be a global slowdown.

The Fed’s statement said that the U.S. labor market ‘remains strong,’ and that the domestic economy is continuing to grow ‘at a moderate rate.’ Overall inflation is running below 2 per cent.

Trump griped on July 22 that the federal funds rate, which determines how much banks – and, by extension, consumers – pay to borrow money, continued to be too high.

‘With almost no inflation, our Country is needlessly being forced to pay a MUCH higher interest rate than other countries only because of a very misguided Federal Reserve,’ he wrote then in a tweet.

On Monday he added that the Fed had previously hiked rates ‘way too early and way too much.’

Trump believes that other countries are more adept at managing the money supplies that move in and out of their financial systems, and in keeping the interest rates that drive borrowing and bond trading flexible.

He has grown increasingly impatient with Fed chairman Powell, who he believes he can replace at will.

‘I have the right to demote him. I have the right to fire him,’ the president said last month, cautioning that he had ‘never suggested’ doing so.

Any move to oust Powell would likely touch off a legal fight with major repercussions in financial markets as greater uncertainties spook traders.

WHY WE CUT INTEREST RATES FOR FIRST TIME IN A DECADE: WHAT THE FED SAID IN FULL TO EXPLAIN ITS MOVE

Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. 

Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. 

Although growth of household spending has picked up from earlier in the year, growth of business fixed investment has been soft. 

On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. 

Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. 

In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent. 

This action supports the Committee’s view that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective are the most likely outcomes, but uncertainties about this outlook remain. 

As the Committee contemplates the future path of the target range for the federal funds rate, it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. 

This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.

The Committee will conclude the reduction of its aggregate securities holdings in the System Open Market Account in August, two months earlier than previously indicated.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; and Randal K. Quarles. 

Voting against the action were Esther L. George and Eric S. Rosengren, who preferred at this meeting to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

Federal Open Market Committee

About the FOMC

Recent FOMC press conference

July 31, 2019

FOMC Press Conference July 31, 2019

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FOMC Transcripts and other historical materials

The term “monetary policy” refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

The Federal Reserve controls the three tools of monetary policy–open market operationsthe discount rate, and reserve requirements. The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is responsible for open market operations. Using the three tools, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.

Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services.

Structure of the FOMC

The Federal Open Market Committee (FOMC) consists of twelve members–the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee’s assessment of the economy and policy options.

The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.

For more detail on the FOMC and monetary policy, see section 2 of the brochure on the structure of the Federal Reserve Systemand chapter 2 of Purposes & Functions of the Federal Reserve System. FOMC Rules and Authorizations are also available online.

2019 Committee Members

Alternate Members

Federal Reserve Bank Rotation on the FOMC

Committee membership changes at the first regularly scheduled meeting of the year.

2020 2021 2022
Members New York
Cleveland
Philadelphia
Dallas
Minneapolis
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
Alternate
Members
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
New York
Chicago
Philadelphia
Dallas
Minneapolis

 †For the Federal Reserve Bank of New York, the First Vice President is the alternate for the President. Return to table

For additional information, please use the FOMC FOIA request form.

https://www.federalreserve.gov/monetarypolicy/fomc.htm

Federal Open Market Committee

Meeting calendars, statements, and minutes (2014-2019)

The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. Links to policy statements and minutes are in the calendars below. The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision. Committee membership changes at the first regularly scheduled meeting of the year.

FOIA
The FOMC makes an annual report pursuant to the Freedom of Information Act. The FOMC FOIA Service Center provides information about the status of FOIA requests and the FOIA process.

2019 | 2018 | 2017 | 2016 | 2015 | 2014
Next year: 2020

2019 FOMC Meetings

March
19-20*
Minutes:
PDF | HTML
(Released April 10, 2019)
April/May
30-1
Minutes:
PDF | HTML
(Released May 22, 2019)
June
18-19*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released July 10, 2019)
July
30-31
September
17-18*
October
29-30
December
10-11*

2018 FOMC Meetings

January
30-31
Minutes:
PDF | HTML
(Released February 21, 2018)
March
20-21*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released April 11, 2018)
May
1-2
Minutes:
PDF | HTML
(Released May 23, 2018)
June
12-13*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released July 05, 2018)
Jul/Aug
31-1
Minutes:
PDF | HTML
(Released August 22, 2018)
September
25-26*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released October 17, 2018)
November
7-8
Minutes:
PDF | HTML
(Released November 29, 2018)
December
18-19*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released January 09, 2019)

2017 FOMC Meetings

Jan/Feb
31-1
Minutes:
PDF | HTML
(Released February 22, 2017)
March
14-15*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released April 05, 2017)
May
2-3
Minutes:
PDF | HTML
(Released May 24, 2017)
June
13-14*
Minutes:
PDF | HTML
(Released July 05, 2017)
July
25-26
Minutes:
PDF | HTML
(Released August 16, 2017)
September
19-20*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released October 11, 2017)
Oct/Nov
31-1
Minutes:
PDF | HTML
(Released November 22, 2017)
December
12-13*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released January 03, 2018)

2016 FOMC Meetings

January
26-27
Minutes:
PDF | HTML
(Released February 17, 2016)
March
15-16*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released April 06, 2016)
April
26-27
Minutes:
PDF | HTML
(Released May 18, 2016)
June
14-15*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released July 06, 2016)
July
26-27
Minutes:
PDF | HTML
(Released August 17, 2016)
September
20-21*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released October 12, 2016)
November
1-2
Minutes:
PDF | HTML
(Released November 23, 2016)
December
13-14*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released January 04, 2017)

2015 FOMC Meetings

January
27-28
Minutes:
PDF | HTML
(Released February 18, 2015)
March
17-18*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released April 08, 2015)
April
28-29
Minutes:
PDF | HTML
(Released May 20, 2015)
June
16-17*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released July 08, 2015)
July
28-29
Minutes:
PDF | HTML
(Released August 19, 2015)
September
16-17*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released October 08, 2015)
October
27-28
Minutes:
PDF | HTML
(Released November 18, 2015)
December
15-16*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released January 06, 2016)

2014 FOMC Meetings

January
28-29
Minutes:
PDF | HTML
(Released February 19, 2014)
March
4 (unscheduled)

Minutes: See end of minutes of March 18-19 meeting

March
18-19*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released April 09, 2014)
April
29-30
Minutes:
PDF | HTML
(Released May 21, 2014)
June
17-18*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released July 09, 2014)
July
29-30
Minutes:
PDF | HTML
(Released August 20, 2014)
September
16-17*
Minutes:
PDF | HTML
(Released October 08, 2014)
October
28-29
Minutes:
PDF | HTML
(Released November 19, 2014)
December
16-17*
Press Conference
Projection Materials
PDF | HTML
Minutes:
PDF | HTML
(Released January 07, 2015)

2020 FOMC Meetings

January
28-29
March
17-18*
April
28-29
June
9-10*
July
28-29
September
15-16*
November
4-5
December
15-16*

Note: A two-day meeting is scheduled for January 26-27, 2021. Each meeting date is tentative until confirmed at the meeting immediately preceding it.

https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

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Listen To Pronk Pops Podcast or Download Shows 660-667

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Listen To Pronk Pops Podcast or Download Shows 546-555

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The Pronk Pops Show 1299, July 31, 2019, Story 1: Democrat Destruction Derby Debate 2, Day 1 — Santa Claus Socialism — Vote Me and I Will Give You Free Stuff — Take Away Your Employer and Union Provided Health Care Insurance and Replace It With Socialized Medicine — Medicare For All — Give All 30-60 Million Illegal Aliens in U.S. Citizenship and Free Health Insurance and Open Borders With No Border Barrier and Abolish ICE or Immigration and Customs Enforcement — American People Betrayed By Radical Extremist Democrat Socialist (REDS) — Result: Trump Wins in A Landslide With A Message That Resonates With American People — Videos

Posted on August 1, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Addiction, Addiction, American History, Amy Klobuchar, Anthropology, Barack H. Obama, Bernie Sanders, Blogroll, Breaking News, Bribery, Bribes, Cartoons, Climate Change, Constitutional Law, Countries, Crime, Culture, Deep State, Defense Spending, Donald J. Trump, Donald J. Trump, Donald J. Trump, Eating, Economics, Education, Elections, Elizabeth Warren, Empires, Employment, Environment, First Amendment, Foreign Policy, Former President Barack Obama, Fourth Amendment, Free Trade, Freedom of Speech, Gangs, Government, Government Dependency, Government Spending, Hate Speech, Health, Health Care, Health Care Insurance, High Crimes, History, Human, Human Behavior, Illegal Immigration, Immigration, Impeachment, Independence, Insurance, Killing, Language, Law, Legal Immigration, Life, Lying, Media, Medicare, Mental Illness, National Interest, Nuclear Weapons, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Psychology, Public Sector Unions, Radio, Raymond Thomas Pronk, Second Amendment, Social Networking, Social Science, Social Security, Spying, Spying on American People, Subornation of perjury, Subversion, Surveillance and Spying On American People, Surveillance/Spying, Taxation, Taxes, Technology, Terror, Terrorism, Trade Policy, Treason, Trump Surveillance/Spying, Unemployment, Unions, United States Constitution, United States of America, United States Supreme Court, Videos, Wall Street Journal, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 1299 July 31, 2019

Pronk Pops Show 1298 July 30, 2019

Pronk Pops Show 1297 July 29, 2019

Pronk Pops Show 1296 July 25, 2019

Pronk Pops Show 1295 July 24, 2019

Pronk Pops Show 1294 July 23, 2019

Pronk Pops Show 1293 July 22, 2019

Pronk Pops Show 1292 July 18, 2019

Pronk Pops Show 1291 July 17, 2019

Pronk Pops Show 1290 July 16, 2019

Pronk Pops Show 1289 July 15, 2019

Pronk Pops Show 1288 July 11, 2019

Pronk Pops Show 1287 July 10, 2019

Pronk Pops Show 1286 July 9, 2019

Pronk Pops Show 1285 July 8, 2019

Pronk Pops Show 1284 July 2, 2019

Pronk Pops Show 1283 July 1, 2019

Pronk Pops Show 1282 June 27, 2019

Pronk Pops Show 1281 June 26, 2019

Pronk Pops Show 1280 June 25, 2019

Pronk Pops Show 1279 June 24, 2019

Pronk Pops Show 1278 June 20, 2019 

Pronk Pops Show 1277 June 19, 2019

Pronk Pops Show 1276 June 18, 2019

Pronk Pops Show 1275 June 17, 2019

Pronk Pops Show 1274 June 13, 2019

Pronk Pops Show 1273 June 12, 2019

Pronk Pops Show 1272 June 11, 2019

Pronk Pops Show 1271 June 10, 2019

Pronk Pops Show 1270 June 6, 2019

Pronk Pops Show 1269 June 5, 2019

Pronk Pops Show 1268 June 3, 2019

Pronk Pops Show 1267 May 30, 2019

Pronk Pops Show 1266 May 29, 2019

Pronk Pops Show 1265 May 28, 2019

Pronk Pops Show 1264 May 24, 2019

Pronk Pops Show 1263 May 23, 2019

Pronk Pops Show 1262 May 22, 2019

Pronk Pops Show 1261 May 21, 2019

Pronk Pops Show 1260 May 20, 2019

Pronk Pops Show 1259 May 16, 2019

Pronk Pops Show 1258 May 15, 2019

Pronk Pops Show 1257 May 14, 2019

Pronk Pops Show 1256 May 13, 2019

Pronk Pops Show 1255 May 10, 2019

Pronk Pops Show 1254 May 9, 2019

Pronk Pops Show 1253 May 8, 2019

Pronk Pops Show 1252 May 7, 2019

Pronk Pops Show 1251 May 6, 2019

Pronk Pops Show 1250 May 3, 2019

Pronk Pops Show 1249 May 2, 2019

Pronk Pops Show 1248 May 1, 2019

Pronk Pops Show 1247 April 30, 2019

Pronk Pops Show 1246 April 29, 2019

Pronk Pops Show 1245 April 26, 2019

Pronk Pops Show 1244 April 25, 2019

Pronk Pops Show 1243 April 24, 2019

Pronk Pops Show 1242 April 23, 2019

Pronk Pops Show 1241 April 18, 2019

Pronk Pops Show 1240 April 16, 2019

Pronk Pops Show 1239 April 15, 2019

Pronk Pops Show 1238 April 11, 2019

Pronk Pops Show 1237 April 10, 2019

Pronk Pops Show 1236 April 9, 2019

Pronk Pops Show 1235 April 8, 2019

Pronk Pops Show 1234 April 5, 2019

Pronk Pops Show 1233 April 4, 2019

Pronk Pops Show 1232 April 1, 2019 Part 2

See the source imageSee the source image

See the source image

 

Story 1: Democrat Destruction Derby Debate 2, Day 1 — Santa Claus Socialism — Vote Me and I Will Give You Free Stuff — Take Away Your Employer and Union Provided Health Care Insurance and Replace It With Socialized Medicine — Medicare For All — Give All 30-60 Million Illegal Aliens in U.S. Citizenship and Free Health Insurance and Open Borders With No Border Barrier and Abolish ICE or Immigration and Customs Enforcement –– American People Betrayed By Radical Extremist Democrat Socialist (REDS) — Result: Trump Wins in A Landslide With A Message That Resonates With American People — Videos

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[youhttps://www.youtube.com/watch?v=7D-lEtj7FSg]

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 1291-1299

Listen To Pronk Pops Podcast or Download Shows 1282-1290

Listen To Pronk Pops Podcast or Download Shows 1276-1281

Listen To Pronk Pops Podcast or Download Shows 1267-1275

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Listen To Pronk Pops Podcast or Download Shows 1182-1189

Listen To Pronk Pops Podcast or Download Shows 1174-1181

Listen To Pronk Pops Podcast or Download Shows 1168-1173

Listen To Pronk Pops Podcast or Download Shows 1159-1167

Listen To Pronk Pops Podcast or Download Shows 1151-1158

Listen To Pronk Pops Podcast or Download Shows 1145-1150

Listen To Pronk Pops Podcast or Download Shows 1139-1144

Listen To Pronk Pops Podcast or Download Shows 1131-1138

Listen To Pronk Pops Podcast or Download Shows 1122-1130

Listen To Pronk Pops Podcast or Download Shows 1112-1121

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Listen To Pronk Pops Podcast or Download Shows 1082-1090

Listen To Pronk Pops Podcast or Download Shows 1073-1081

Listen To Pronk Pops Podcast or Download Shows 1066-1073

Listen To Pronk Pops Podcast or Download Shows 1058-1065

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Listen To Pronk Pops Podcast or Download Shows 1023-1032

Listen To Pronk Pops Podcast or Download Shows 1017-1022

Listen To Pronk Pops Podcast or Download Shows 1010-1016

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Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

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Listen To Pronk Pops Podcast or Download Shows 938-945

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Listen To Pronk Pops Podcast or Download Shows 906-915

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Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

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Listen To Pronk Pops Podcast or Download Shows 857-863

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Listen To Pronk Pops Podcast or Download Shows 845-849

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Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or Download Shows 713-719

Listen To Pronk Pops Podcast or Download Shows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

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The Pronk Pops Show 1298, July 30, 2019, Breaking News — Story 1: Judge John Koeltl in Manhattan United States District Court for The Southern District on New York Permanently Dismisses Frivolous Democratic Party Lawsuit Against Trump’s Campaign Alleging Conspiracy with Russian Government and Wikileaks Without Merit — Trump Vindicated — Videos — Story 2: North Korea Again Launches Short-Range (260 Miles) Missiles Threatening U.S. Ally South Korea — Videos — Story 3: Communist China Reconsiders Three-Child Policy as Population Growth Declines — Videos — Story 4: Democrat Destruction Derby Debate 1 — Radical Extremist Democrat Socialists (REDS) — All We Are Saying Is Give Socialism A Chance — De Plane — De Plane — Videos

Posted on July 31, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Abortion, Addiction, Addiction, American History, Banking System, Bernie Sanders, Blogroll, Breaking News, Bribery, Bribes, Budgetary Policy, Cartoons, China, Climate Change, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Deep State, Defense Spending, Donald J. Trump, Donald Trump, Drugs, Eating, Economics, Education, Elizabeth Warren, Empires, Employment, European Union, Federal Government, First Amendment, Fiscal Policy, Food, Foreign Policy, Former President Barack Obama, Fourth Amendment, France, Free Trade, Freedom of Speech, Gangs, Germany, Government, Government Spending, Health, High Crimes, History, House of Representatives, Human, Human Behavior, Illegal Drugs, Illegal Drugs, Illegal Immigration, Immigration, Impeachment, Independence, Killing, Labor Economics, Language, Law, Legal Drugs, Legal Immigration, Life, Lying, Media, Medicare, Mental Illness, Military Spending, Monetary Policy, National Interest, News, North Korea, People, Pete Buttigieg, Public Corruption, Russia, Second Amendment, Senate, Social Security, Subversion, Tax Policy, Trade Policy, Unemployment, United States Constitution, United States of America, United States Supreme Court, Videos, Vietnam, Violence, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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The Pronk Pops Show Podcasts

Pronk Pops Show 1298 July 30, 2019

Pronk Pops Show 1297 July 29, 2019

Pronk Pops Show 1296 July 25, 2019

Pronk Pops Show 1295 July 24, 2019

Pronk Pops Show 1294 July 23, 2019

Pronk Pops Show 1293 July 22, 2019

Pronk Pops Show 1292 July 18, 2019

Pronk Pops Show 1291 July 17, 2019

Pronk Pops Show 1290 July 16, 2019

Pronk Pops Show 1289 July 15, 2019

Pronk Pops Show 1288 July 11, 2019

Pronk Pops Show 1287 July 10, 2019

Pronk Pops Show 1286 July 9, 2019

Pronk Pops Show 1285 July 8, 2019

Pronk Pops Show 1284 July 2, 2019

Pronk Pops Show 1283 July 1, 2019

Pronk Pops Show 1282 June 27, 2019

Pronk Pops Show 1281 June 26, 2019

Pronk Pops Show 1280 June 25, 2019

Pronk Pops Show 1279 June 24, 2019

Pronk Pops Show 1278 June 20, 2019 

Pronk Pops Show 1277 June 19, 2019

Pronk Pops Show 1276 June 18, 2019

Pronk Pops Show 1275 June 17, 2019

Pronk Pops Show 1274 June 13, 2019

Pronk Pops Show 1273 June 12, 2019

Pronk Pops Show 1272 June 11, 2019

Pronk Pops Show 1271 June 10, 2019

Pronk Pops Show 1270 June 6, 2019

Pronk Pops Show 1269 June 5, 2019

Pronk Pops Show 1268 June 3, 2019

Pronk Pops Show 1267 May 30, 2019

Pronk Pops Show 1266 May 29, 2019

Pronk Pops Show 1265 May 28, 2019

Pronk Pops Show 1264 May 24, 2019