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Pronk Pops Show 1011, December 11, 2017

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Pronk Pops Show 1007, November 28, 2017

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Pronk Pops Show 1005, November 22, 2017

Pronk Pops Show 1004, November 21, 2017

Pronk Pops Show 1003, November 20, 2017

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Pronk Pops Show 1000, November 13, 2017

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Pronk Pops Show 964, September 14, 2017

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Pronk Pops Show 962, September 12, 2017

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Pronk Pops Show 960, September 8, 2017

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Story 1: Radical Islamic Suicide Bomber Failure in Port Authority Bus Terminal Subway Station — Videos —

TERRORIST ATTACK NEW YORK Shows PIPE BOMB Malfunctions & Explodes ISIS Man Wearing A Suicide Vest

Explosion at New York bus terminal ( 2017 bomb terrorist attack underattack )

Pipe Bomb of Peace: Bangladesh Strikes New York City Subway During Morning Rush Hour

New York explosion suspect identified

New York City subway bomb attack details released by officials

Report: NYC bomb suspect a Brooklyn resident

Explosion Takes Place Near New York City Port Authority | TODAY

Suicide bomber strikes New York City at rush hour

 

 

 

 

An ISIS-inspired would-be suicide bomber set off a homemade explosive device at the Port Authority Bus Terminal subway station Monday morning, seriously wounding himself and injuring three others, law enforcement sources said.

The man — a 27-year-old Brooklyn man identified by high ranking police sources as Akayed Ullah — had wires attached to him and a 5-inch metal pipe bomb and battery pack strapped to his midsection as he walked through the Manhattan transit hub.

The man partially detonated the device, which he was carrying under the right side of his jacket, prematurely inside the passageway to the A, C and E trains at Eighth Avenue and West 42nd Street around 7:40 a.m., sources said.

Police quickly took the man into custody.

Former NYPD Commissioner Bill Bratton told MSNBC’s “Morning Joe” that the man was inspired by ISIS and possibly born in Bangladesh.

Bratton, who said the man had been living in the US for seven years, “was supposedly setting the device off in the name of ISIS.”

“So, definitely a terrorist attack, definitely intended,” Bratton said.

Akayed Ullah

 

 

 

 

 

 

 

 

 

The man, who suffered the most serious injuries, was taken to Bellevue Hospital.

Three others suffered non-life-threatening injuries, police said. One person was taken to St. Lukes-Roosevelt Hospital, another to Mount Sinai and another person was treated at the scene, officials said.

Investigators briefly spoke to the alleged bomber, who told them he made the explosive device at the electrical company where he works.

Emergency personnel flooded the scene following the incident.

Mayor Bill de Blasio has been briefed on the incident.

The incident sent commuters into a frenzy.

A 911 caller, who would only identify herself as Carmen, told The Post: “I didn’t see anything, I just heard an explosion and I ran out like everyone did to look for the nearest exit.”

“I had like a panic attack, I couldn’t breathe. My stomach started hurting,” the witness said. “I’m doing better — I’m just trying to catch a train to go back home to College Point.”

Designer Chelsea LaSalle tweeted: “holy f–k. just was stuck in a running stampede at port authority bus terminal due to bomb scare. cops EVERYWHERE.”

LaSalle followed up her tweet with another that read: “not a scare. actual explosion moments before i was about to get on the subway.”

Commuter Keith Woodfin tweeted: “I was exiting the Port Authority and the National Guard was running towards something shouting ‘Go, Go, Go.’”

The FBI’s Joint Terrorism Task Force also is investigating the incident.

All MTA trains were bypassing Port Authority-42nd Street as police investigated the incident.

All New Jersey Transit buses were not stopping at Port Authority. NY Waterway was also running extra ferries.

Additional reporting by Lorena Mongelli and Max Jaeger

https://nypost.com/2017/12/11/explosion-reported-at-port-authority-bus-terminal/

Botched Suicide Bombing Jolts New York Rush Hour, Injures Four

Police say 27-year-old Akayed Ullah detonated a low-tech explosive device near the Port Authority Bus Terminal


Trains bypassed the Times Square and Bryant Park stops after a failed bomb attempt. The platform where the 1,2,3 trains usually stop at Times Square was empty during rush hour.
Police respond to a report of an explosion near Times Square on Monday morning in New York. Police said the suspect was a Bangladeshi man, identified as 27-year-old Akayed Ullah, who tried to set off an explosive device he was wearing near the transit hub. He has been placed in custody.
Authorities investigate the explosion at the Port Authority. John Miller, the NYPD’s deputy commissioner for intelligence and counterterrorism, described the device the suspect used as a pipe bomb.
Helicopters hover over the Port Authority Bus Terminal. Police recovered surveillance video of the incident. “It could’ve been much, much worse,” an official said.
New York Gov. Andrew Cuomo, center, and New York City Mayor Bill de Blasio speak at a news conference as police respond to a reported explosion at the Port Authority Bus Terminal. “This was an attempted terrorist attack,” Mr. de Blasio said. “All we know is one individual who was thank god unsuccessful in his aims.”
A New York Fire Department vehicle arrives at the Port Authority. Fire Department commissioner Dan Nigro said the suspect detonated the explosive device, causing burns to his hands and abdomen. Three civilians in proximity of the explosion suffered minor injuries.
Police at Port Authority Bus Terminal watch as people evacuate after the explosion near the facility. By midmorning, some subway service remained suspended.
The explosion disrupted thousands of commuters at the Port Authority terminal during the morning rush hour. Multiple subway lines were evacuated, and the Port Authority of New York and New Jersey closed the entire Port Authority bus station temporarily.
Akayed Ullah, a Bangladeshi man who attempted to detonate a homemade bomb, is seen in this handout photo. The New York City Taxi &amp; Limousine Commission confirmed that Mr. Ullah was licensed to drive a black or livery car from March 2012 to March 2015. The license lapsed in 2015 and wasn’t renewed, according to a TLC spokesman. Although Mr. Ullah obtained a license, he may never have actually worked as a driver, the spokesman said.<br>
Police respond to a report of an explosion near Times Square on Monday morning in New York. Police said the suspect was a Bangladeshi man, identified as 27-year-old Akayed Ullah, who tried to set off an explosive device he was wearing near the transit hub. He has been placed in custody.
CHARLES ZOELLER/ASSOCIATED PRESS
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A bomber tried to set off an explosive device he had strapped to his body near one of New York City’s busiest transit hubs in an attempted terrorist attack that injured three bystanders, authorities said.

The suspect—a Bangladeshi immigrant identified as 27-year-old Akayed Ullah—was quickly apprehended and was transported to Bellevue Hospital for burns to his hands and abdomen, according to police and fire officials. Three civilians in proximity of the explosion suffered minor injuries and were treated at local hospitals, officials said.

“This was an attempted terrorist attack,” New York City Mayor Bill de Blasio told reporters. There are no other known incidents or specific threats to NYC, but there will be an expanded police presence, he said.

 New York Gov. Cuomo described the suspect as a disgruntled “lone wolf,” who had been influenced by extremist groups online. Mr. Cuomo said the suspect downloaded information from the internet on how to make a low-tech, homemade bomb but noted that the device didn’t explode as planned.

“This is one of my worst nightmares—a terrorist attack in the subway system,” Mr. Cuomo said in an interview on CNN.

The explosion disrupted thousands of commuters during the morning rush hour. Multiple subway lines were evacuated, and the Port Authority of New York and New Jersey closed the entire bus station temporarily. Emergency personnel responded in force to the scene. By midmorning, some subway and bus service had been restored. An estimated 220,000 people pass through the transit hub each day.

“The choice of New York is for a reason. We are a beacon to the world and we actually show that a society of many faiths and many backgrounds can work,” said Mr. de Blasio. “The terrorists want to undermine that. So they yearn to attack New York City.”

“As New Yorkers our lives revolve around the subways. When we hear of an attack on the subways, it’s incredibly unsettling,” Mr. de Blasio said.

Botched Suicide Bombing in New York City Injures Four
A bomber partially detonated a home-made explosive at a Manhattan subway terminal Monday in an attempted terrorist attack. The suspect suffered severe burns and was taken into custody by the police. Photo: Twitter/@Breaking911

The suspect was walking in a crowd of commuters when the device was detonated, according to a Port Authority surveillance camera video that was confirmed by a federal law-enforcement official. The incident occurred around 7:20 a.m. ET while the suspect was walking eastbound in the underground corridor under 42nd Street, between Seventh and Eighth avenues, according to police. After the detonation, the suspect is surrounded in smoke, before dropping to the ground, based on the video footage.

But the device—which authorities described as a pipe bomb that was affixed to the suspect with Velcro and zip ties—only partially detonated, limiting the damage, according to officials. Mr. Cuomo said the explosive chemical in the bomb went off as planned, but the pipe didn’t explode.

When police officers arrived on the scene, they saw wires trailing between Mr. Ullah’s jacket and pants, according to a law-enforcement official. When they searched him, they found that he was carrying a nine-volt battery.

“It could’ve been much, much worse,” the official said. Police have recovered surveillance video of the incident.

Chelsea LaSalle, a 28-year-old graphic designer, was in Port Authority heading into the A, C, E subway when she heard screaming and more than 30 people started rushing at her.

Busy StationsFive busiest subway stations in New York City, by average weekday ridershipTHE WALL STREET JOURNALSource: Metropolitan Transportation Authority
42nd St. (Times Sq./PortAuthority)Grand CentralHerald SquareUnion SquarePenn Station (1, 2, 3)0 riders100,000200,00025,00050,00075,000125,000150,000175,000225,000

“People were screaming ‘Get out, get out’ and some were yelling ‘Bomb!’” she said.

Ms. LaSalle said everyone was running as fast as they could and pushed past her. “People wanted to get out and didn’t care what was in their way,” she said. “A lot of people looked really worried. Some people looked more confused than anything else.”

Hanan Kolko, a 57-year-old labor lawyer who lives in Montclair, N.J., said his NJ Transit bus from Clifton to the Port Authority crawled slowly through the Lincoln Tunnel. It took him 2 hours and 20 minutes to get to work, more than double the usual commute.

When his bus arrived around 9:40 a.m., he saw scores of law enforcement officers in the terminal, and his group was ushered out the Ninth Avenue exit because the Eighth Avenue side was blocked off.

“It was eerie because the Port Authority was empty except for people being escorted out,” he said. “It was a moment when I was proud to be a New Yorker,” he said. “We were going to carry on our day, regardless of whether some guy tried to plant a bomb. Law enforcement did a great job, and we got to go on and do our thing.”

In Washington, the Federal Bureau of Investigation said it was aware of the explosion in New York and coordinating with the New York City Police Department. The investigation into the incident is being led by the Joint Terrorism Task Force, a law enforcement group formed in 1980 that includes members of the NYPD and the FBI. The attack came just weeks after an ISIS-influenced immigrant from Uzbekistan drove a rented truck down a Manhattan bike lane killing eight others and injuring 12 more.

Terrorist Attacks in the U.S. After 9/11

Here’s a look at Islamist-related deadly assaults across the country since the Sept. 11, 2001, attacks, as compiled by the CATO Institute.


2000
2010
2020
July 4, 2002

An Egyptian man opens fire at the El Al Israel Airlines ticket counter at Los Angeles International Airport, killing two people before he was shot dead by an airline guard. PHOTO: KRISTA NILES/ASSOCIATED PRESS

A gunman kills one woman and wounds five others at the Jewish Federation of Greater Seattle.PHOTO: KEVIN P. CASEY/ASSOCIATED PRESS

A U.S.-born self-described jihad warrior shoots two soldiers, one fatally, outside an Army recruiting station in Arkansas.

Army psychiatrist Maj. Nidal Malik Hasan opens fire at Fort Hood, Texas, killing 13 people and wounding more than 30 others.PHOTO: DONNA MCWILLIAM/ASSOCIATED PRESS

Two crude bombs explode near the finish line of the Boston Marathon, killing three people and injuring more than 175. Bomber, and older brother, Tamerlan Tsarnaev, is killed in a shootout with police; younger brother Dzhokhar is later captured alive.PHOTO: THE BOSTON GLOBE/GETTY IMAGES

College student Brendan Tevlin is shot eight times while waiting at a traffic light in New Jersey. Authorities find links to three earlier killings in Seattle—of 30-year-old Leroy Henderson, shot 10 times and left to die on a road on April 27, and Ahmed Said and Dwone Anderson-Young, killed outside a gay club on June 1—and charge Ali Muhammad Brown with all four.
John Bailey Clarke of North Carolina, 74 years old, is shot three times by a teenage neighbor who had converted online to Islam three months earlier and would plead guilty both to state murder charges and to federal charges of planning a terrorist act.
A 24-year-old Kuwaiti-born man opens fire at two military facilities in Tennessee, killing four Marines and a sailor and injuring three other people before dying from a gunshot wound.

Pakistani immigrant Tashfeen Malik, who had just pledged allegiance to the leader of Islamic State, and her American-born husband open fire on an office party in San Bernardino, Calif., killing 14 people and wounding 21. PHOTO: DAVID BAUMAN/PRESS-ENTERPRISE/ZUMA PRESS

Omar Mateen kills 49 people and wounds 53 more at Orlando gay nightclub Pulse before police fatally shoot him after an hourslong standoff.PHOTO: PHELEN M. EBENHACK/ASSOCIATED PRESS

A Denver transit guard is shot and killed; the man charged with the murder tells the Associated Press he had pledged his allegiance to Islamic State.

Eight people are killed and at least a dozen injured when a truck mows down pedestrians and cyclists on a lower Manhattan bike path.PHOTO: ANDREW KELLY/REUTERS

A Bangladeshi man tried to set off an explosive device he was wearing near New York City’s Port Authority Bus Terminal and Times Square. Three civilians in proximity of the explosion were injured.PHOTO: BRYAN R. SMITH/AGENCE FRANCE-PRESSE/GETTY IMAGES

Source: CATO Institute

Mr. Ullah has been living in the U.S. for seven years and had worked as a driver for a car service, officials said. He has been residing in a two-story colonial home on a tree-lined block in Old Mill Basin, Brooklyn, a multiethnic neighborhood. His block was cordoned off Monday morning as groups of New York Police Department officers milled outside the home.

Alan Butrico, who owns the house next door to Mr. Ullah’s home, described the suspect as “unfriendly.” Mr. Butrico, who also owns a hardware store on the corner of the block, said Mr. Ullah never said hello and “would have an attitude” if he was asked to move his car because it was blocking the neighboring driveway.

Mr. Butrico’s cousin, Ross Faillace, who runs a part-time car detailing shop in the back of Mr. Butrico’s property, said of Mr. Ullah: “He was always on edge.”

Both men said that Mr. Ullah was usually clean cut and wore regular clothes, but that lately Mr. Ullah had grown a beard.

Kisslya Joseph of Grenada has been staying with her brother who lives next door to Mr. Ullah. “This has shaken me up and my family because it’s like you never know who your neighbor is,” Ms. Joseph said.

https://www.wsj.com/articles/explosion-reported-at-new-yorks-port-authority-1512997695

New York City explosion: Live updates

What you should know

  • What happened: A man wearing a homemade device set it off at Port Authority bus terminal near Times Square.
  • The suspect: Police named 27-year-old Akayed Ullah. He is of Bangladeshi descent and lives in Brooklyn.
  • Injuries: Four people, including the suspect, were injured. None of those injuries are life-threatening, according to FDNY.

Suspect pledged allegiance to ISIS

From CNN’s Brynn Gingras

While talking with authorities, Port Authority bus terminal explosion suspect Akayed Ullah pledged allegiance to ISIS, according to one law enforcement official with direct knowledge of the investigation. Authorities now have to investigate that claim.

Ullah most recently did electrical work close to Port Authority along with his brother. That brother lives in the same apartment building as Ullah, according to law enforcement.

As part of the normal course of an investigation, authorities want to speak with the brother and other family members.

Another law enforcement source tells CNN that screws were found at the scene.

December 11, 2017 2:54pm EST

The Bangladesh Embassy in Washington DC condemned today’s terror attack in New York City.

Suspect Akayed Ullah, 27, is a lawful permanent resident from Bangladesh, who arrived in the US in 2011.

Here’s the embassy’s statement:

“Government of Bangladesh is committed to its declared policy of ‘Zero Tolerance’ against terrorism, and condemns terrorism and violent extremism in all forms or manifestations anywhere in the world, including Monday morning’s incident in New York City.”

A terrorist is a terrorist irrespective of his or her ethnicity or religion, and must be brought to justice.

Homeland Security: “We urge the public to remain vigilant”

Secretary of Homeland Security Kirstjen Nielsen, in the job for less than a week, is in touch with New York City Mayor Bill de Blasio and local officials about this morning’s attack, the department said in a statement.

“The Department of Homeland Security is taking appropriate action to protect our people and our country in the wake of today’s attempted terrorist attack in New York City,” the statement read.

“We will continue to assist New York authorities with the response and investigation and we urge the public to remain vigilant and report any suspicious activity.”

 

Story 2: Fabricated Trump Dossier Was Opposition Research/Russian Disinformation — Democratic Party and Obama Administration Used Fabricated Trump Dossier To Justify Spying on Americans and Opposition Republican Party Using Intelligence Community — Conspiracy Not Collusion — Federal Crimes — A New Special Counsel Should Investigate Together With DOJ and FBI Investigations of Clinton Charitable Foundation, Email Server and Mishandling of Classified Documents — Videos —

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Demoted top DoJ official Bruce Ohr’s wife worked for Fusion GPS of dossier fame

Jay Sekulow calls for a second special counsel

Jordan: We need to depose Peter Strzok, talk to Bruce Ohr

Congressman Jim Jordan Sends CNN Anchor Packing During a Heated Conversation

Robert Mueller Finally CONFESSES to What He Did To The FBI and Why He Did It

Rep. Jim Jordan To Jeff Sessions: Appoint New Special Counsel Or Step Down

Proof: The Deep State & Bruce Ohr Orchestrated The Dossier! Dick Morris TV: Lunch ALERT!

BUSTED: DOJ & FBI Had Long Relationship With Dossier Authors! Dick Morris TV: Lunch ALERT!

Should Hillary Be Worried About Uranium One? Yes!

Clinton Probe Given ‘Special’ Status By FBI – Uranium One – Ingraham Angle

New Revelations By FBI Informant Fueling Questions Over Uranium One – Russia Wants Total Control

“The Clinton Collapse” Tucker Bids EPIC Farewell to the Clinton Dynasty

Why Russia Wants to Control the World’s Uranium Supply

Russia-Uranium One deal: Is it a real scandal?

Peter Schweizer on the significance of the Uranium One deal

Gorka: Uranium One scandal is absolutely massive

Trump Actually Telling The Truth About Clinton-Russia Uranium Scandal?

Ben Shapiro – What Exactly Happened With Uranium One

Comey hid the uranium deal from Congress: Gregg Jarrett

Clinton Was Bribed TWICE In Uranium Deal! !Dick Morris TV: Lunch ALERT!

Mueller’s Russiagate Prosecution Is Imploding Before His Eyes While DOJ and FBI Scandals Metastasize

Judge Napolitano EXPOSES something HUGE on Hillary Clinton investigations

Hannity Connects ALL the Dots in Mueller’s Trump-Russia Investigation

Judge Napolitano: Enough evidence to prosecute Clinton for espionage

Special counsel needed to probe DOJ-Fusion GPS?

Rep. Jim Jordan reacts to FBI Director Wray hearing

Gaetz Demands FBI Director Explain “Special” Treatment of Clinton During Investigation – 12/7/17

Jim Jordan: Robert Mueller ‘Inherently Compromised’

New allegations of bias dog Mueller Russia probe

Gingrich: Investigators need to be questioned under oath

Gingrich: Appalling level of FBI corruption coming to light

Judicial Watch Dir says no chance FBI will root out corruption in their ranks

Trey Gowdy Unleashes His Anger On New FBI Director

FBI director defends agency amid allegations of political bias

Trump legal team calls for new special counsel

Anatomy of the FBI’s alleged Clinton cover-up

Trey Gowdy Confronts Loretta Lynch! “Did You Send Classified Info on A Personal Email Like Hillary?”

Napolitano: ‘Lynch Should be Under a Criminal Investigation’

Judge Napolitano on AG Lynch’s secret NSA deal

Napolitano on bias at the FBI, obstruction of justice debate

FBI agent operated as a Clinton mole: Michelle Malkin

Robert Ray on FBI agent removed from Mueller investigation over texts

Why weren’t Hillary Clinton staffers investigated for lying to FBI?

Rep. Jordan presses Jeff Sessions to appoint special counsel

WOW: Trey Gowdy to AG Jeff Sessions: Its NOT Appropriate for Trump to speaks on a Open Investigation

Watch What Trey Gowdy Has To Say On Jeff Sessions Hearing Today 11/14/2017

BREAKING: FBI Official Unloads On Hillary Clinton This Is Devastating(VIDEO)!!!

The FBI Just Blew The Hillary Clinton Case Wide Open She Could Literally Be Going to Jail!!

Trey Gowdy Votes To Appoint A Second Special Counsel To Investigate James Comey And Hillary Clinton

Russian Uranium Bribery Scandal Reaches Bill Clinton! Dick Morris TV: Lunch ALERT!

Uranium One

From Wikipedia, the free encyclopedia
Uranium One Inc.
Industry Mining
Founded 2005
Headquarters Toronto, OntarioCanada
Key people
Chris Sattler (CEO)
Vadim Zhivov (President)
Products Uranium
Gold
Number of employees
2,220[1]
Parent Rosatom
Website www.uranium1.com

Uranium One is a Canadian uranium mining company with headquarters in Toronto, Ontario. It has operations in AustraliaCanadaKazakhstanSouth Africa and the United States. In January 2013 Rosatom, the Russian state-owned uranium monopoly, through its subsidiary ARMZ Uranium Holding, purchased the company at a value of $1.3 billion.[2] The purchase of the company by Russian interests is, as of October 2017, under investigation by the United States House Permanent Select Committee on Intelligence.

History

On July 5, 2005, Southern Cross Resources Inc. and Aflease Gold and Uranium Resources Ltd announced that they would be merging under the name SXR Uranium One Inc.[3]

In 2007 Uranium One acquired a controlling interest in UrAsia Energy,[4] a Canadian firm with headquarters in Vancouver from Frank Giustra.[5] UrAsia has interests in rich uranium operations in Kazakhstan,[6] and UrAsia Energy’s acquisition of its Kazakhstan uranium interests from Kazatomprom followed a trip to Almaty in 2005 by Giustra and former U.S. President Bill Clinton where they met with Nursultan Nazarbayev, the leader of Kazakhstan. Substantial contributions to the Clinton Foundation by Giustra followed,[5][7] with Clinton, Giustra, and Mexican telecommunications billionaire Carlos Slim in 2007 establishing the Clinton Foundation’s Clinton Giustra Sustainable Growth Initiative to combat poverty in the developing world.[8] In addition to his initial contribution of $100 million Giustra pledged to contribute half of his future earnings from mining to the initiative.[8]

In June 2009, the Russian uranium mining company ARMZ Uranium Holding Co. (ARMZ), a part of Rosatom, acquired 16.6% of shares in Uranium One in exchange for a 50% interest in the Karatau uranium mining project, a joint venture with Kazatomprom.[9] In June 2010, Uranium One acquired 50% and 49% respective interests in southern Kazakhstan-based Akbastau and Zarechnoye uranium mines from ARMZ. In exchange, ARMZ increased its stake in Uranium One to 51%. The acquisition resulted in a 60% annual production increase at Uranium One, from approximately 10 million to 16 million lb.[10][11] The deal was subject to anti-trust and other conditions and was not finalized until the companies received Kazakh regulatory approvals, approval under Canadian investment law, clearance by the US Committee on Foreign Investments, and approvals from both the Toronto and Johannesburg stock exchanges. The deal was finalized by the end of 2010.[11] Uranium One’s extraction rights in the U.S. amounted to 0.2% of the world’s uranium production.[12]Uranium One paid its minority shareholders a dividend of 1.06 US Dollars per share at the end of 2010.[citation needed]

ARMZ took complete control of Uranium One in January 2013 by buying all shares it did not already own.[2] In October 2013, Uranium One Inc. became a private company and a wholly owned indirect subsidiary of Rosatom.[3][13] From 2012 to 2014, an unspecified amount of Uranium was reportedly exported to Canada via a Kentucky-based trucking firm with an existing export license; most of the processed uranium was returned to the U.S., with approximately 25% going to Western Europe and Japan.[14][15]

Congressional investigation

Since uranium is considered a strategic asset with national security implications, the acquisition of Uranium One by Rosatom was reviewed by the Committee on Foreign Investment in the United States (CFIUS), a committee of nine government agencies including the United States Department of State, which was then headed by Hillary Clinton.[16][17][18] The voting members of the committee can object to such a foreign transaction, but the final decision then rests with the president.[19]

In April 2015, The New York Times wrote that, during the acquisition, the family foundation of Uranium One’s chairman made $2.35 million in donations to the Clinton Foundation. The donations were legal but not publicly disclosed by the Clinton Foundation, despite an agreement with the White House to disclose all contributors.[20] In addition, a Russian investment bank with ties to the Kremlin and which was promoting Uranium One stock paid Bill Clinton $500,000 for a speech in Moscow shortly after the acquisition was announced.[17][18] Several members of Clinton’s State Department staff and officials from the Obama-era Department of Justice have said that CFIUS reviews are handled by civil servants and that it would be unlikely that Clinton would have had more than nominal involvement in her department’s signing off on the acquisition.[21] According to Snopes, the timing of donations might have been questionable if Hillary Clinton had played a key role in approving the deal, but all evidence suggests that she did not and may in fact have had no role in approving the deal at all.[22]

In October 2017, following a report by John F. Solomon and Alison Spann published in The Hill and citing anonymous sources,[23][24] the United States House Permanent Select Committee on Intelligence opened an investigation into the circumstances surrounding the sale of Uranium One.[21]

FactCheck.org reported that there was “no evidence” connecting the Uranium One–Rosatom merger deal with a money laundering and bribery case involving a different Rosatom subsidiary which resulted in the conviction of a Russian individual in 2015, contrary to what is implied in the Solomon-Spann story.[20][25] Glenn Kessler of The Washington Post wrote that the problem with some of the accusations that Republican commentators levied against Clinton is that she “by all accounts, did not participate in any discussions regarding the Uranium One sale.”[26]

In October 2017, President Trump directed the U.S. Department of Justice (DOJ) to lift a “gag order” it had placed on a former FBI informant involved the investigation. The DOJ released the informant from his nondisclosure agreement on October 25, 2017,[27][28][29]authorizing him to provide the leaders of the Senate Judiciary Committee, House Oversight Committee, and the House Permanent Select Committee on Intelligence “any information or documents he has concerning alleged corruption or bribery involving transactions in the uranium market” involving Rosatom, its subsidiaries Tenex and Uranium One, and the Clinton Foundation.[30]

During a C-SPAN interview, Hillary Clinton said that any allegations that she was bribed to approve the Uranium One deal were “baloney”.[31]

See also

References

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

 

Journalism for rent’: Inside the secretive firm behind the Trump dossier

 December 11 at 12:50 PM
8:20
Fusion GPS founder explains why he started the research firm

Glenn Simpson, founder of Fusion GPS, spoke at the 2016 Double Exposure Investigative Film Festival and Symposium, an event conducted by 100Reporters.

Fusion GPS bills itself as a corporate research firm, but in many ways it operates with the secrecy of a spy agency. No sign marks its headquarters above a coffee shop in Northwest Washington. Its website consists of two sentences and an email address. Its client list is closely held.

The small firm has been under intense public scrutiny for producing the 35-page document known as the Trump dossier. Senior executives summoned to testify before Congress in October invoked their Fifth Amendment right against self-incrimination, and the firm is resisting a congressional subpoena for bank records that would reveal who has paid for its services.

But hundreds of internal company documents obtained by The Washington Post reveal how Fusion, a firm led by former journalists, has used investigative reporting techniques and media connections to advance the interests of an eclectic range of clients on Wall Street, in Silicon Valley and in the nation’s capital. The firm has played an unseen role in stories that dominated headlines in recent years.

In the years before it produced the dossier, records show, Fusion worked to blunt aggressive reporting on the medical-device company Theranos, which was later found to have problems with its novel blood-testing technology. It was also hired to ward off scrutiny of the nutritional supplement company Herbalife, which ultimately paid $200 million to distributors to settle claims by regulators.

In another case, the firm sought to expose what it called “slimy dealings” by a competitor of a San Francisco museum proposed by filmmaker and “Star Wars” director George Lucas. And it dug up information about domestic disputes involving a former mayor of Beverly Hills, Calif., as part of an investigation into a proposed real estate development that the mayor supported.

Fusion’s other past research targets, documents show, included tech giants Google and Amazon; 2012 presidential candidates Mitt Romney and Barack Obama; and Republican Sens. Ted Cruz of Texas and Bob Corker of Tennessee. (Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)

Fusion assigned code names to the projects — many of them after cities in Texas and Maine — and avoided identifying its clients in internal documents, making it difficult to determine who was paying for the research. The firm also minimized its public footprints by paying outside contractors to collect public records from courthouses, police stations and federal agencies.

The Post’s review provides a glimpse at the tactics that have fueled Fusion’s rise in the growing and secretive industry of opposition research and corporate intelligence. The review represents the most comprehensive look at the firm’s work at a time when it is being examined by those who seek to gauge the veracity of the dossier, and it reveals methods that have drawn criticism from the targets of the company’s research, including President Trump.

Fusion’s work on the dossier went beyond ordinary opposition research, the kind that might explore a candidate’s past legislative history or embarrassing gaffes — known in the industry as “votes and quotes.” Instead, it paid a former British spy to compile intelligence from unnamed Russian sources.

Only a handful of internal documents obtained by The Post relate to the examination of Trump during the 2016 election, a project that was code-named “Bangor” and was financed in part by Hillary Clinton’s campaign.

Fusion declined to comment on specific cases or identify clients, but said in a statement that it is “proud of our methodology and the rigor of our research, amply demonstrated by the records cited by The Washington Post. They show what we’ve always stated: Our secret sauce is diligent and exhaustive analysis of public information.”

It continued: “The reason we are so effective is that we unearth facts that stand up to scrutiny — presumably why we are still talking about our work detailing the connections between the Trump campaign and Russia more than a year later.”

Exposing ‘slimy dealings’

Fusion founder Glenn Simpson, an accomplished former investigative reporter with expertise digging into financial crimes and corruption in Russia and elsewhere, left the Wall Street Journal in 2009 to start a research firm with Susan Schmidt, a two-time Pulitzer Prize winner from The Post. Without Schmidt, Simpson created Fusion GPS the following year, teaming up with former Wall Street Journal editor Peter Fritsch and a former Treasury official.

“I call it journalism for rent,” Simpson, 53, said in August of last year at the Double Exposure Investigative Film Festival and Symposium in the District, where he described Fusion’s work on a panel titled, “Investigations With an Agenda.”

Fusion has about 10 employees, he said. It has worked on a broad array of cases, including matters related to marijuana dispensaries, health-care workers, a state insurance official and even a Florida homeowner’s association, internal documents show.

Fusion has also quietly advocated causes and pet projects dear to wealthy and famous clients.

In April 2014, Lucas wanted to build a cultural arts museum on federal land at the foot of the Golden Gate Bridge in San Francisco, a site known as the Presidio. The museum was one of three proposals under consideration by a federal agency called the Presidio Trust.

A Fusion client — who is not identified in the documents obtained by The Post — suspected the agency was trying to block the Lucas museum, records show.

“We want to understand where this resistance is coming from and why,” Fritsch wrote in an email to his Fusion colleagues. Fritsch added that the “client would like to expose the slimy dealings” of a nonprofit competing with Lucas for the right to build on the land. The investigation was code named “Tyler.”

Ron Conway, one of Silicon Valley’s most prolific start-up investors and an outspoken supporter of the Lucas museum, was copied on subsequent emails about the cost of the research. “I don’t have any comment,” Conway said by phone when asked if he had hired Fusion.

Over the next nine months, a contractor hired by Fusion blanketed the Presidio Trust and another federal agency with dozens of requests for a range of documents related to board members and a consultant who were judging the proposals — expense reports, ethics forms, employment contracts and other records.

In February 2015, with Fusion still waiting for the documents, Conway sent an email to Fritsch with a link to a story in the San Francisco Chronicle. It was about a petition, signed by celebrities such as Hall of Fame quarterback Joe Montana and hip-hop artist MC Hammer, calling on the Presidio Trust to release some of the same records Fusion had requested.

“WE ARE OFF AND RUNNING !!” Conway wrote. Fritsch forwarded the email to other Fusion executives and said, “GLORIOUS!!!”

It’s not clear whether the effort had the desired effect. The Presidio Trust ultimately rejected all three proposals. A spokeswoman for Lucas told The Post in a statement that Lucas was “unaware of any research undertaken by Fusion GPS.” A Presidio Trust spokesman did not respond to messages from The Post seeking comment.

Fusion has at times used hardball tactics, the documents show.

Last year, Fusion’s sleuths targeted a controversial proposal for a $1.2 billion hotel and condo project in Beverly Hills, in the heart of one of the nation’s wealthiest areas, records show. The investigation was code named “Gray.”

Fusion’s client is not identified in the records reviewed by The Post, but the documents show that Fusion investigated the activities of the Chinese developer behind the project, Wanda Group, there and in other U.S. cities.

As part of its research, Fusion took aim at a vocal supporter of the Beverly Hills project, then-mayor John Mirisch, records show. Fusion sought police reports from the city related to domestic disputes involving the mayor and his ex-wife that had occurred between 2008 and 2010, records show.

Former Beverly Hills mayor John Mirisch at City Hall in August 2016. (Ricardo DeAratanha/Los Angeles Times)

When city police balked at releasing some of the police reports, a Fusion contractor sued the city. Neither the public-records requests nor the legal complaint mentions Fusion. The suit was filed by former journalist Russell Carollo, who is described in court records as a public records consultant.

Fusion executive Jason Felch, a former investigative reporter with the Los Angeles Times, emailed Carollo on July 21, 2016, with a statement he could give reporters inquiring about the lawsuit. The statement suggested that the mayor might be supporting the Wanda Group project because he owed a favor to a retired police chief who worked for a firm that was lobbying the city on behalf of the hotel, records show. The statement also argued that the public had a right to see the records involving the mayor.

Two weeks later, Carollo was quoted in the local newspaper, the Beverly Hills Courier, under a story headlined: “Pulitzer Prize-winning Journalist Petitions Court For Public Information On Mayor’s Domestic Disputes With Ex-Wife.”

In an interview, Mirisch said he had no idea that Fusion was behind the renewed scrutiny of the years-old domestic disputes. “It was dirty politics and misinformation,” said Mirisch, now a city council member.

Carollo said in an interview that he worked for Fusion and was asked by the firm to file the lawsuit. In a statement, Fusion wrote: “Our policy prohibits any employees or contractors from misrepresenting themselves as journalists or anything else.”

A spokesman for the Beverly Hills hotel project, which remains in planning stages, declined to comment. The retired police chief, Dave Snowden, said in an interview, “Hearing this, that the mayor owed me a favor, is absurd on its face.”

Behind-the-scenes player

Fusion insists that the firm does not engage in public relations work or advertise its media connections to prospective clients. But Fusion executives have interceded with former colleagues in media when their clients came under scrutiny, records and interviews show.

In mid-2015, Fusion was conducting research on two competitors of Theranos, a Silicon Valley start-up that had created buzz in the health-technology industry. Around the same time, the Wall Street Journal was pursuing its own Theranos reporting, which ultimately raised doubts about the accuracy of the company’s revolutionary lab-testing technology. Fusion, working on behalf of Theranos, tried to influence the Journal’s early reporting, according to records and interviews.

Fusion called the case “Ferris.”

A few weeks after Journal reporter John Carreyrou approached Theranos about his investigation into the company, Fritsch contacted him to create a back channel, according to documents and a person familiar with the Journal’s reporting who was not authorized to speak publicly.

Fritsch advised the reporter that his approach with Theranos up to that point had been too blunt and aggressive, and he encouraged him to soften it, the person said. Fritsch also accompanied a Theranos delegation that went to the Journal’s newsroom in June 2015 to discuss the story with Carreyrou and his editor. The delegation, made up mostly of lawyers, was headed by prominent attorney David Boies.

Over the ensuing years, Theranos — once valued at $9 billion — faced regulatory actions, including in 2016 losing its certificate to operate a blood-testing lab in California and its eligibility to receive Medicare and Medicaid payments. The company reached a settlement in April with the Centers for Medicare and Medicaid Services, agreeing not to operate a lab for two years in exchange for the restoration of its certificate.

“The Wall Street Journal published its award-winning series on Theranos despite legal threats and strenuous objections from the company and its representatives,” a spokeswoman for the paper said in a statement.

A representative of Boies’s law firm, Boies Schiller and Flexner, referred comment to Theranos. A Theranos representative declined to comment.

Fusion was also a behind-the-scenes player in a Wall Street battle between billionaire investor William Ackman and the supplement company Herbalife, records show.

Ackman had a huge financial stake in Herbalife’s fate. He had taken a short position in the company — meaning if the company failed, his investment would pay off big. Ackman held news conferences calling for regulatory and criminal investigations into Herbalife, alleging that the company’s network of distributors was effectively a pyramid scheme.

Herbalife had Fusion working on its side in a project that carried the code name “Rice,” documents show. Fusion launched investigations into Ackman and his hedge fund, Pershing Square Capital Management, according to emails and internal documents.

Herbalife’s attorney and outside publicist are copied on some emails that discussed strategy for uncovering public records that would expose whether Ackman was paying nonprofit groups to criticize Herbalife. Fusion’s contractors were looking for information that would spark government investigations into Ackman, documents show.

In June 2014, Richard Hynes, a contractor for Fusion, noted that the U.S. Securities and Exchange Commission and the New York Attorney General’s Office had previously conducted investigations that touched on Ackman, emails show.

“Nothing seems to have come from them,” he wrote. “I wonder what the SEC and NY AG DIDN’T have to make their cases. What else could we provide them this time to effect a different outcome,” he asked. Simpson soon instructed a Fusion contractor to request the SEC’s case file on closed investigations into Ackman or his firm, Pershing Square, documents show.

It was Herbalife that fell under investigation. In 2016, it agreed to a $200 million settlement with the Federal Trade Commission over allegations that it deceived buyers and sellers of its products. Herbalife did not respond to a request for comment, and Hynes did not respond to messages.

A ‘no-stones-unturned’ approach

As Fusion has been thrust into the spotlight because of the Trump dossier, it has been forced to reveal details of its operations in court proceedings.

Over objections from Democrats, the Republican leader of the House Intelligence Committee, Rep. Devin Nunes (Calif.), subpoenaed Fusion’s bank records to try to identify the then-mystery client who paid for the dossier. In October, Fusion executives invoked their constitutional right not to answer questions from the committee.

Fusion founder Glenn Simpson, left, arrives for an appearance before a closed House Intelligence Committee hearing in Washington on Nov. 14. (Associated Press)

Simpson had previously sat for a 10-hour closed-door interview with members of the Senate Judiciary Committee, which is also looking into allegations of foreign influence in the 2016 U.S. presidential election. He has also testified before the House committee behind closed doors.

For its investigation into Trump, Fusion was initially hired in the fall of 2015 by the conservative Washington Free Beacon website. The publication is backed by billionaire GOP donor Paul Singer, who was then supporting Sen. Marco Rubio (Fla.) in the GOP primary.

The Post revealed in October that Fusion was paid, via a law firm, by the Clinton campaign and the Democratic National Committee for its work on the dossier.

After Trump won the primary, Fusion approached Marc Elias, a partner at the law firm Perkins Coie who represented the Democratic Party during the 2016 election. Perkins Coie decided the party needed to go deeper than traditional, issue-oriented opposition research groups — a “no-stones-unturned approach,” according to a person familiar with the arrangement who was not authorized to speak publicly.

A spokeswoman for Perkins Coie said Trump “was unvetted by the political process — a businessman with significant real estate holdings both in the United States and around the globe, a history of litigation, financial problems and bankruptcies, and of a decidedly litigious nature,” adding that “the challenge of reviewing public-record information alone on his candidacy necessitated additional research.”

Simpson and Fritsch had worked on stories involving money laundering and Russian government officials while based in Brussels for the Journal. They knew how to pull documents around the world — a skill that had earned them work from top law firms.

“I’ve known Glenn for a long time,” said John W. Moscow, a former prosecutor and now a lawyer with the firm BakerHostetler, which hired Fusion to assist in defending the Russian company Prevezon in a civil money-laundering case. “When we need information from various parts of the world, he can go get it. We hire him on a per-case basis because he’s good.”

Earlier this year, Prevezon settled the suit, brought by the Justice Department, for $5.9 million without admitting guilt.

For its work on the dossier, Fusion hired Christopher Steele, a former British intelligence officer who had worked extensively in Russia. In a statement, Fusion said Perkins Coie paid it $1.02 million for work in 2016, and it said Fusion paid Steele’s firm, Orbis Business Intelligence, $168,000.

The dossier alleged that the Russian government had collected compromising information on Trump and that the Kremlin was trying to assist his campaign. Officials have said that the FBI has confirmed some of the information in the dossier but the most sensational details have not been verified and may never be.

As the dossier circulated among Washington journalists late last year, senior U.S. officials viewed the matter as serious enough to brief then-President-elect Donald Trump on its existence. And when BuzzFeed published the document online in early January, the dossier — particularly its more salacious claims — gripped the nation.

In recent weeks, Trump and congressional Republicans have seized on the Clinton campaign’s role in the dossier to try to discredit suggestions that his campaign colluded with Russia.

At the August conference last year, Simpson said his firm upholds strict standards developed in his years as a journalist.

“You can’t just say what you know. You have to say how you know it. And you have to be able to prove it,” he said. “That imposes a sort of discipline to the investigative process that people in other fields don’t really absorb.”

He was candid about the money involved. Explaining why he left journalism, he joked: “We don’t use the word ‘sold out.’ We use the word ‘cashed in.’ ”

Matt Zapotosky and Ellen Nakashima contributed to this report.

https://www.washingtonpost.com/investigations/journalism-for-rent-inside-the-secretive-firm-behind-the-trump-dossier/2017/12/11/8d5428d4-bd89-11e7-af84-d3e2ee4b2af1_story.html?utm_term=.dcc6a59b2320

Story 3: People of Alabama Will Elect Roy Moore on Tuesday To Fill Senate Seat Vacated By Now Attorney General Jeff Sessions — Moore Is Right On The Issues — Videos

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Roy Moore, Doug Jones and the issues: A voter’s guide to the Alabama Senate election

Things seem to be going Roy Moore’s way. President Trump endorsed him. The Republican National Committee is back to supporting him. And Moore, who has been accused of sexual contact with women when they were underaged, has led by an average of 3 percentage points in polls taken within 21 days of the Dec. 12 […] Wochit

Alabama voters will go to the polls Tuesday for the third time in four months to decide who will be the state’s junior U.S. senator.

Where the primaries — and later the GOP runoff — featured candidates who largely agreed on policy, there are notable contrasts between Democratic Senate nominee Doug Jones and Republican Senate nominee Roy Moore.

The two candidates have sharply different views on health care, the environment, and social issues. Those differences has been overshadowed as Moore has dealt with accusations — most stemming from his time as a prosecutor in Etowah County in the late 1970s and early 1980s — that he pursued relationships with teenaged girls, and engaged in conduct ranging from unwanted attention to assault.  Moore denies the allegations.

The candidates have tried — to varying degrees — to discuss other issues as well. Moore in his public appearances has gone back to the religiously conservative, anti-LGBT message that has defined his political career.

“The transgenders don’t have rights,” Moore said at a news conference in Montgomery Nov. 8, which was as of Friday his last public appearance in the county before the election. “They’ve never been denominated as having rights by the U.S. Supreme Court.”

Jones, meanwhile, has emphasized jobs and health care, in particular his support of Medicaid, Medicare and renewal of the Children’s Health Insurance Program (CHIP). In recent days, Jones has amped up his attacks on Moore over the accusations.

“I believe women are every bit as capable as men, that they deserve to be elected to public office, and I damn sure believe and have done my part to ensure that men who hurt little girls should go to jail, not to the U.S. Senate,” Jones said in remarks in Birmingham on Tuesday.

Whatever else can be said about Tuesday election, it is certain that the candidates present contrasting visions for the state of Alabama.

The candidates

Doug Jones

Age: 63

Residence: Birmingham

Party: Democratic

Family: Married; three children, two grandchildren

Profession: Attorney

Education: B.A., University of Alabama, 1975; J.D., Cumberland School of Law, 1979

Offices held/offices sought: U.S. attorney for the Northern District of Alabama, 1997-2001

ProfileThe fights of his life: Doug Jones’ journey from Fairfield to the U.S. Senate race

Finances: Despite a slow start over the summertime, Jones has pulled in more than $10 million since the start of October.

Themes: Jones has pitched a mainstream Democratic platform with an emphasis on job creation and access to health care. He has also discussed his time as U.S. attorney, in particular his prosecution of two men responsible for the bombing of the 16th Street Baptist Church in Birmingham in 1963.

Roy Moore

Age: 70

Residence: Gallant

Party: Republican

Profession: Attorney

Family: Married; four children; five grandchildren

Offices held/Offices sought: Alabama chief justice, 2013-2016 and 2001-03; Republican candidate for governor, 2010 and 2006; Etowah County circuit judge, 1992-2001; Democratic candidate for Etowah County district attorney, 1986; Democratic candidate for Etowah County circuit judge, 1982.

ProfileLife in wartime: Roy Moore fights battles – and often goes looking for them

Education: B.S., United States Military Academy, 1969; J.D., University of Alabama School of Law, 1977

Finances: Moore historically lags opponents in fundraising (even in races he’s won), and the Senate race has followed that pattern. While Moore started the general election campaign ahead of Jones overall in fundraising, he raised just $1.7 million between October and the end of November.

Themes: Although Moore has tied himself with President Donald Trump and spent time denouncing his accusers, his Senate campaign is otherwise much like previous campaigns he’s waged in the past 17 years, with strong appeals to religious conservativism and denunciations of abortion and LGBT rights.

Issues

Health care

Jones: Says health care is a right and supports the Affordable Care Act — which covered 178,000 Alabamians last winter — but says he wants to “bring both sides together” in Washington to address issues like premiums and out-of-pocket costs. Has called for renewal of the Children’s Health Insurance Program, which covers about 150,000 children in Alabama. Says he will support Medicare and Medicaid, which combined cover nearly 2 million Alabamians, in their current forms. Has been open to a public option for Medicare.

Moore: Has called for the repeal of the Affordable Care Act and the sale of health insurance policies across state lines and tax credits to businesses for employee health care coverage, while broadly calling for government to get out of health care. Has not committed to renewal of the CHIP program.

Economy and taxes

Jones: Says he supports simplification of business and corporate taxes to create jobs, but says the tax bill before Congress “can’t be a giveaway to the richest Americans paid for by working families.” Supports a “living wage” for workers, streamlining regulations and extending the Lily Ledbetter Fair Pay Act to ensure equal pay for men and women.

Moore: Says he “supports any kind of tax cut” and would replace the current progressive income tax system — where the wealthy pay a higher share of their income in taxes — with a 15 percent flat tax or a 23 percent national sales tax, offset in part by monthly stipends. Calls for cuts to the budget deficit.

Immigration

Jones: Says he supports border security and “maintaining the integrity of our borders against all threats” with “the most advanced technology possible.”  Has supported efforts to find status for those covered by the Deferred Action for Childhood Arrivals (DACA) program, also known as Dreamers, who were brought to the United States by their parents when they were children.

Moore: Says he would support a border wall if needed to address undocumented immigration, but has also called for the deployment of the U.S. military to the Mexican border. Has called DACA a “permanent evil” created by former Department of Homeland Security Secretary Janet Napolitano.

Trade

Jones: Says trade agreements should create jobs in Alabama and prevent barriers for Alabama companies for selling their goods, such as high tariffs.

Moore: Has expressed support for renegotiating the North American Free Trade and Central American Free Trade agreements (NAFTA and CAFTA) and says he supports some tariffs to address “unbalanced” trade.

Abortion

Jones: Supports abortion rights and current laws governing abortion. The Moore campaign has accused Jones of supporting “late-term abortion;” Jones has said he only supports abortion after 20 weeks in cases of medical emergency. Says the way to reduce unwanted pregnancies is “education and access to health care and contraception.”

Moore: Supports abortion restrictions and has called himself “the exact opposite” of Jones on the issue. The campaign did not respond to questions as to whether Moore supports exceptions to an abortion ban, such as rape, incest or the life of the mother.

LGBT rights

Jones: Supports same-sex marriage and LGBT rights.

Moore: Strongly opposes same-sex marriage and LGBT rights, and in a 2002 judicial opinion called homosexuality “abhorrent, immoral, detestable, a crime against nature and a violation of the law of Nature.”

Guns

Jones: Has called himself “a Second Amendment guy” and highlighted his love of hunting. Says gun laws as they stand should be enforced, but supports efforts to improve background checks, both to allow law-abiding citizens to obtain firearms and prevent criminals from getting them.

Moore: Says he believes in the Second Amendment and pulled out a gun at a rally before the Sept. 26 GOP runoff. In a summer Facebook posting, Moore said he would ensure gun rights “are never, ever infringed upon.”

Environment & energy

Jones: Says he “believes in science and that climate change is occurring.” Supports investments in renewable energy and conservation, particularly for their economic impact and says those working in the coal industry need a “safety net” of job retraining and health care benefits.

Moore: Has declined to answer questions about climate change. Website suggests an energy policy consisting of coal and oil drilling, along with “development” of nuclear, solar and wind energy.

http://www.montgomeryadvertiser.com/story/news/politics/southunionstreet/2017/12/10/roy-moore-doug-jones-and-issues-voters-guide-alabama-senate-election/934965001/

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The Pronk Pops Show 1010, December 8, 2017, Story 1: Labor Participation Rate In November 2017 Remained At 62.7% with Over 95.4 Million Not in Labor Force With 160.5 Million In Labor Force –U-3 Unemployment Rate Hit Low 4.1% and U-6 Unemployment Rate Rose To 8.0% — Total Non-farm Payroll Jobs Added 228,000 — Videos — Story 2: Corporate Tax Cut Bill Will Pass By December 22, 2017 — Definitively Not Fundamental Tax Reform For The Middle Class — Replace Income Tax System with A Single Broad Based Consumption Tax Replacing All Federal Income Based Taxes — Videos — Story 3: Defeating The Islamic State in Iraq and Syria By Bombing Them To Death — ISIS Free? — Videos

Posted on December 11, 2017. Filed under: American History, Blogroll, Bombs, Breaking News, Communications, Congress, Constitutional Law, Corruption, Countries, Cruise Missiles, Donald J. Trump, Donald Trump, Drones, Economics, Education, Elections, Empires, Employment, European History, Federal Communications Commission, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Genocide, Government, Government Dependency, History, House of Representatives, Human Behavior, Illegal Immigration, Illegal Immigration, Immigration, Independence, Iraq, Islam, Israel, Killing, Knifes, Language, Law, Legal Immigration, Lying, Media, Middle East, MIssiles, National Interest, National Security Agency, Networking, News, People, Philosophy, Photos, Politics, Polls, President Trump, Raymond Thomas Pronk, Regulation, Religion, Rifles, Rule of Law, Scandals, Spying, Success, Surveillance and Spying On American People, Surveillance/Spying, Syria, Tax Policy, Taxation, Taxes, Terror, Terrorism, Trade Policy, Trump Surveillance/Spying, Turkey, Unemployment, United States of America, Videos, Violence, War, Weapons, Weather, Wisdom, Yemen | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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The Pronk Pops Show Podcasts

Pronk Pops Show 1010, December 8, 2017

Pronk Pops Show 1009, December 7, 2017

Pronk Pops Show 1008, December 1, 2017

Pronk Pops Show 1007, November 28, 2017

Pronk Pops Show 1006, November 27, 2017

Pronk Pops Show 1005, November 22, 2017

Pronk Pops Show 1004, November 21, 2017

Pronk Pops Show 1003, November 20, 2017

Pronk Pops Show 1002, November 15, 2017

Pronk Pops Show 1001, November 14, 2017 

Pronk Pops Show 1000, November 13, 2017

Pronk Pops Show 999, November 10, 2017

Pronk Pops Show 998, November 9, 2017

Pronk Pops Show 997, November 8, 2017

Pronk Pops Show 996, November 6, 2017

Pronk Pops Show 995, November 3, 2017

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Pronk Pops Show 969, September 21, 2017

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Pronk Pops Show 960, September 8, 2017

Pronk Pops Show 959, September 7, 2017

Pronk Pops Show 958, September 6, 2017

Pronk Pops Show 957, September 5, 2017

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Story 1: Labor Participation Rate In November 2017 Remained At 62.7% with Over 95.4 Million Not in Labor Force With 160.5 Million In Labor Force –U-3 Unemployment Rate Hit Low 4.1% and U-6 Unemployment Rate Rose To 8.0% — Total Non-farm Payroll Jobs Added 228,000 — Videos —

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US economy adds 228K jobs in November

Analyzing The November Jobs Report Compared To Previous Years | Velshi & Ruhle | MSNBC

U.S. economy continues its strong performance

National Economic Council Director Gary Cohn: Tax Reform Will Help Us Drive Real Wage Growth | CNBC

CNN’s Christine Romans Highlights November’s Really Good Jobs Numbers

Larry Kudlow: Jobs Report Shows We Are On Front End Of “Very, Very Strong Rebound In Manufacturing”

Panel on Strong November Jobs Report; 228K Jobs Added. #Economy #Jobs #Report #November

Stockman: Here’s Why Today’s Jobs Report Is Nothing to Celebrate

Alan Greenspan // We are about to go from stagnation to ‘stagflation’

Ep. 307: Trump Continues What He Once Called the Biggest Hoax in American Politics

The Reason Trump is President – Peter Schiff

 

Civilian Labor Force Level

160,529,000

 

Labor Force Statistics from the Current Population Survey

 

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

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153484(1) 153694 153954 154622 154091 153616 153691 154086 153975 153635 154125 153650
2011 153263(1) 153214 153376 153543 153479 153346 153288 153760 154131 153961 154128 153995
2012 154381(1) 154671 154749 154545 154866 155083 154948 154763 155160 155554 155338 155628
2013 155695(1) 155268 154990 155356 155514 155747 155669 155587 155731 154709 155328 155151
2014 155295(1) 155485 156115 155378 155559 155682 156098 156117 156100 156389 156421 156238
2015 157022(1) 156771 156781 157043 157447 156993 157125 157109 156809 157123 157358 157957
2016 158362(1) 158888 159278 158938 158510 158889 159295 159508 159830 159643 159456 159640
2017 159716(1) 160056 160201 160213 159784 160145 160494 160571 161146 160381 160529
1 : Data affected by changes in population controls.

 

Labor Force Participation Rate

62.7%

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

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

Unemployment Level

6.6 Million

 

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 15046 15113 15202 15325 14849 14474 14512 14648 14579 14516 15081 14348
2011 14013 13820 13737 13957 13855 13962 13763 13818 13948 13594 13302 13093
2012 12797 12813 12713 12646 12660 12692 12656 12471 12115 12124 12005 12298
2013 12470 11954 11672 11752 11657 11741 11350 11284 11264 11133 10792 10410
2014 10240 10383 10400 9705 9740 9460 9637 9616 9255 8964 9060 8718
2015 8962 8663 8538 8521 8655 8251 8235 8017 7877 7869 7939 7927
2016 7829 7845 7977 7910 7451 7799 7749 7853 7904 7740 7409 7529
2017 7635 7528 7202 7056 6861 6977 6981 7132 6801 6520 6610

U-3 Unemployment Rate

4.1%

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

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.4 9.5 9.5 9.4 9.8 9.3
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.3 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.7 7.9
2013 8.0 7.7 7.5 7.6 7.5 7.5 7.3 7.3 7.2 7.2 6.9 6.7
2014 6.6 6.7 6.7 6.2 6.3 6.1 6.2 6.2 5.9 5.7 5.8 5.6
2015 5.7 5.5 5.4 5.4 5.5 5.3 5.2 5.1 5.0 5.0 5.0 5.0
2016 4.9 4.9 5.0 5.0 4.7 4.9 4.9 4.9 4.9 4.8 4.6 4.7
2017 4.8 4.7 4.5 4.4 4.3 4.4 4.3 4.4 4.2 4.1 4.1  U-3

U-6 Unemployment Rate

8.0%

 

Series Id:           LNS13327709
Seasonally Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent or rate
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.0 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17.0 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16.0 15.9 16.1 15.8 16.1 15.9 16.1 16.4 15.8 15.5 15.2
2012 15.2 15.0 14.5 14.6 14.7 14.8 14.8 14.6 14.8 14.4 14.4 14.4
2013 14.5 14.4 13.8 14.0 13.8 14.2 13.8 13.6 13.7 13.6 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12.0 12.2 12.0 11.8 11.5 11.4 11.2
2015 11.3 11.0 10.9 10.8 10.7 10.5 10.3 10.2 10.0 9.8 9.9 9.9
2016 9.9 9.8 9.8 9.7 9.7 9.6 9.7 9.7 9.7 9.5 9.3 9.2
2017 9.4 9.2 8.9 8.6 8.4 8.6 8.6 8.6 8.3 7.9 8.0

Employment Situation Summary

Transmission of material in this release is embargoed until                  USDL-17-1616
8:30 a.m. (EST) Friday, December 8, 2017

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov


                         THE EMPLOYMENT SITUATION -- NOVEMBER 2017


Total nonfarm payroll employment increased by 228,000 in November, and the unemployment 
rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. 
Employment continued to trend up in professional and business services, manufacturing, 
and health care.

Household Survey Data

The unemployment rate held at 4.1 percent in November, and the number of unemployed 
persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate 
and the number of unemployed persons were down by 0.5 percentage point and 799,000, 
respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers increased to 15.9 
percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 
percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics 
(4.7 percent) showed little change. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially 
unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. 
Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)

The labor force participation rate remained at 62.7 percent in November and has shown no 
clear trend over the past 12 months. The employment-population ratio, at 60.1 percent, 
changed little in November and has shown little movement, on net, since early this year. 
(See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as 
involuntary part-time workers), at 4.8 million, was essentially unchanged in November but 
was down by 858,000 over the year. These individuals, who would have preferred full-time 
employment, were working part time because their hours had been cut back or because they 
were unable to find full-time jobs. (See table A-8.)

In November, 1.5 million persons were marginally attached to the labor force, down by 
451,000 from a year earlier. (The data are not seasonally adjusted.) These individuals 
were not in the labor force, wanted and were available for work, and had looked for a job 
sometime in the prior 12 months. They were not counted as unemployed because they had not 
searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 469,000 discouraged workers in November, down by 
122,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers 
are persons not currently looking for work because they believe no jobs are available for 
them. The remaining 1.0 million persons marginally attached to the labor force in November 
had not searched for work for reasons such as school attendance or family responsibilities. 
(See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 228,000 in November. Employment continued to 
trend up in professional and business services, manufacturing, and health care. Employment 
growth has averaged 174,000 per month thus far this year, compared with an average monthly 
gain of 187,000 in 2016. (See table B-1.)

Employment in professional and business services continued on an upward trend in November 
(+46,000). Over the past 12 months, the industry has added 548,000 jobs. 

In November, manufacturing added 31,000 jobs. Within the industry, employment rose in 
machinery (+8,000), fabricated metal products (+7,000), computer and electronic products 
(+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, 
manufacturing employment has increased by 189,000.

Health care added 30,000 jobs in November. Most of the gain occurred in ambulatory health 
care services (+25,000), which includes offices of physicians and outpatient care centers. 
Monthly employment growth in health care has averaged 24,000 thus far in 2017, compared 
with an average increase of 32,000 per month in 2016. 

Within construction, employment among specialty trade contractors increased by 23,000 in 
November and by 132,000 over the year.  

Employment in other major industries, including mining, wholesale trade, retail trade, 
transportation and warehousing, information, financial activities, leisure and hospitality, 
and government, changed little over the month. 

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour 
to 34.5 hours in November. In manufacturing, the workweek was unchanged at 40.9 hours, and 
overtime remained at 3.5 hours. The average workweek for production and nonsupervisory 
employees on private nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and 
B-7.)

In November, average hourly earnings for all employees on private nonfarm payrolls rose 
by 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or 
2.5 percent. Average hourly earnings of private-sector production and nonsupervisory 
employees rose by 5 cents to $22.24 in November. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised up from +18,000 
to +38,000, and the change for October was revised down from +261,000 to +244,000. With 
these revisions, employment gains in September and October combined were 3,000 more than 
previously reported. (Monthly revisions result from additional reports received from 
businesses and government agencies since the last published estimates and from the 
recalculation of seasonal factors.) After revisions, job gains have averaged 170,000 over 
the last 3 months. 

_____________
The Employment Situation for December is scheduled to be released on Friday, January 5, 
2018, at 8:30 a.m. (EST).


    ______________________________________________________________________________________
   |                                                                                      |
   |               Revision of Seasonally Adjusted Household Survey Data                  |
   |                                                                                      |
   | In accordance with usual practice, The Employment Situation news release for December|
   | 2017, scheduled for January 5, 2018, will incorporate annual revisions in seasonally |
   | adjusted household survey data. Seasonally adjusted data for the most recent 5       |
   | years are subject to revision.                                                       |
   |______________________________________________________________________________________|


    ______________________________________________________________________________________
   |                                                                                      |
   |        Conversion to the 2017 North American Industry Classification System          |
   |                                                                                      |
   | With the release of January 2018 data on February 2, 2018, the establishment survey  |
   | will revise the basis for industry classification from the 2012 North American       |
   | Industry Classification System (NAICS) to 2017 NAICS. The conversion to 2017 NAICS   |
   | will result in minor revisions reflecting content changes within the mining and      |
   | logging, retail trade, information, financial activities, and professional and       |
   | business services sectors. Additionally, some smaller industries will be combined    |
   | within the mining and logging, durable goods manufacturing, retail trade, and        |
   | information sectors. Several industry titles and descriptions also will be updated.  |
   |                                                                                      |
   | Approximately 4 percent of employment will be reclassified into different industries |
   | as a result of the revision. Details of new, discontinued, and combined industries   |
   | due to the 2017 NAICS update, as well as changes due to the annual benchmarking      |
   | process, will be available on January 5, 2018.                                       |
   |                                                                                      |
   | For more information on the 2017 NAICS update, visit www.census.gov/eos/www/naics/.  |
   |______________________________________________________________________________________|



 

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

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]
Category Nov.
2016
Sept.
2017
Oct.
2017
Nov.
2017
Change from:
Oct.
2017-
Nov.
2017

Employment status

Civilian noninstitutional population

254,540 255,562 255,766 255,949 183

Civilian labor force

159,456 161,146 160,381 160,529 148

Participation rate

62.6 63.1 62.7 62.7 0.0

Employed

152,048 154,345 153,861 153,918 57

Employment-population ratio

59.7 60.4 60.2 60.1 -0.1

Unemployed

7,409 6,801 6,520 6,610 90

Unemployment rate

4.6 4.2 4.1 4.1 0.0

Not in labor force

95,084 94,417 95,385 95,420 35

Unemployment rates

Total, 16 years and over

4.6 4.2 4.1 4.1 0.0

Adult men (20 years and over)

4.3 3.9 3.8 3.7 -0.1

Adult women (20 years and over)

4.2 3.9 3.6 3.7 0.1

Teenagers (16 to 19 years)

15.2 12.9 13.7 15.9 2.2

White

4.2 3.7 3.5 3.6 0.1

Black or African American

8.0 7.0 7.5 7.3 -0.2

Asian

3.0 3.7 3.1 3.0 -0.1

Hispanic or Latino ethnicity

5.7 5.1 4.8 4.7 -0.1

Total, 25 years and over

3.9 3.5 3.3 3.3 0.0

Less than a high school diploma

7.9 6.5 5.7 5.2 -0.5

High school graduates, no college

4.9 4.3 4.3 4.3 0.0

Some college or associate degree

3.9 3.6 3.7 3.6 -0.1

Bachelor’s degree and higher

2.3 2.3 2.0 2.1 0.1

Reason for unemployment

Job losers and persons who completed temporary jobs

3,542 3,359 3,227 3,159 -68

Job leavers

934 738 742 751 9

Reentrants

2,266 2,079 2,006 2,029 23

New entrants

728 669 629 691 62

Duration of unemployment

Less than 5 weeks

2,415 2,226 2,129 2,250 121

5 to 14 weeks

2,133 1,874 1,942 1,878 -64

15 to 26 weeks

1,073 963 853 927 74

27 weeks and over

1,856 1,733 1,621 1,581 -40

Employed persons at work part time

Part time for economic reasons

5,659 5,122 4,753 4,801 48

Slack work or business conditions

3,485 3,121 2,952 2,983 31

Could only find part-time work

1,902 1,733 1,629 1,559 -70

Part time for noneconomic reasons

21,059 21,011 20,923 21,018 95

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

1,932 1,569 1,535 1,481

Discouraged workers

591 421 524 469

– Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Nov.
2016
Sept.
2017
Oct.
2017(P)
Nov.
2017(P)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

164 38 244 228

Total private

178 50 247 221

Goods-producing

35 26 34 62

Mining and logging

7 4 1 7

Construction

28 13 10 24

Manufacturing

0 9 23 31

Durable goods(1)

3 6 13 27

Motor vehicles and parts

1.4 -3.1 -0.8 1.7

Nondurable goods

-3 3 10 4

Private service-providing

143 24 213 159

Wholesale trade

5.6 7.3 8.0 3.4

Retail trade

-12.9 11.7 -2.2 18.7

Transportation and warehousing

21.8 18.3 7.6 10.5

Utilities

0.3 0.6 0.1 -0.2

Information

-12 -5 -8 -4

Financial activities

12 12 7 8

Professional and business services(1)

46 30 54 46

Temporary help services

25.5 10.1 17.9 18.3

Education and health services(1)

31 23 24 54

Health care and social assistance

28.2 8.3 34.6 40.5

Leisure and hospitality

44 -75 104 14

Other services

7 1 18 9

Government

-14 -12 -3 7

(3-month average change, in thousands)

Total nonfarm

179 128 163 170

Total private

178 122 160 173

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES
AS A PERCENT OF ALL EMPLOYEES(2)

Total nonfarm women employees

49.6 49.5 49.5 49.5

Total private women employees

48.2 48.1 48.1 48.1

Total private production and nonsupervisory employees

82.3 82.4 82.4 82.4

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.3 34.4 34.4 34.5

Average hourly earnings

$25.91 $26.53 $26.50 $26.55

Average weekly earnings

$888.71 $912.63 $911.60 $915.98

Index of aggregate weekly hours (2007=100)(3)

105.8 107.4 107.7 108.2

Over-the-month percent change

-0.1 0.0 0.3 0.5

Index of aggregate weekly payrolls (2007=100)(4)

131.0 136.3 136.4 137.3

Over-the-month percent change

-0.2 0.5 0.1 0.7

DIFFUSION INDEX
(Over 1-month span)(5)

Total private (261 industries)

51.5 60.9 65.1 63.0

Manufacturing (78 industries)

48.7 59.0 62.2 59.0

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(P) Preliminary

NOTE: Data have been revised to reflect March 2016 benchmark levels and updated seasonal adjustment factors.

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Precision sacrificed for speed as GOP rushes ahead on taxes

5 tax issues Republicans need to resolve in conference

Now that the Senate and the House have passed two tax bills, there are some crucial differences they need to resolve in conference.

 December 10 at 6:42 PM
Republicans are moving their tax plan toward final passage at stunning speed, blowing past Democrats before they’ve had time to fully mobilize against it but leaving the measure vulnerable to the types of expensive problems popping up in their massive and complex plan.Questionable special-interest provisions have been stuffed in along the way, out of public view and in some cases literally in the dead of night. Drafting errors by exhausted staff are cropping up and need fixes, which must be tackled by congressional negotiators working to reconcile competing versions of the legislation passed separately by the House and the Senate.And the melding process underway has opened the door to another frenzy of 11th-hour lobbying as special interests, including President Trump’s rich friends, make one last dash for cash before the final bill speeds through both chambers of Congress and onto Trump’s desk. Passage is expected the week before Christmas.

Veterans of congressional tax overhauls, particularly the seminal revamp under President Ronald Reagan in 1986, have been stunned and in some cases outraged at how swiftly Republicans are moving on legislation that touches every corner of the economy and all Americans. And although GOP leaders make no apologies, some in their rank and file say that the process would have benefited from a more deliberate and open approach.

“I think it would have looked better if we had taken more time and had more transparency, had more open committee hearings,” said freshman Rep. James Comer (R-Ky.).

“Having said that, the goal that everybody had was to reduce the tax rates. . . . So at the end of the day the goal is going to be achieved, but we could have done it in a more transparent manner that probably would have given the voters that are being polled a little more confidence,” Comer said, referring to the effort’s poor showing in opinion surveys.

It has been a little more than a month since the $1.5 trillion legislation was introduced in the House, and in that short time it has cleared the two key committees in the House and Senate and won approval on the floors of both chambers, all without a single Democratic vote. If Trump signs the bill as planned before Christmas, that would mean a journey of less than two months between introduction and final passage.

The specific legislation that probably will become law, sold as a middle-class tax cut but featuring a massive corporate rate reduction at its center, is moving from release toward passage without any hearings, unusual for a bill of such magnitude. And as it tumbled along it picked up some startling new features, to the surprise of affected industries, Democrats and in some cases Republicans themselves.

Some of the most notable changes came in the hours before the Senate’s passage of its version of the plan, which happened about 1:50 a.m. Dec. 2.

The final vote was preceded by hours of inaction as Republicans fine-tuned their legislation behind closed doors, while fuming Democratic staffers ate Chinese food and pored over versions of the bill and lists of amendments that had been leaked by lobbyists on K Street before Republicans had made anything public.

As they got additional drafts of the bill, Democrats were incensed at some of what they found, including new breaks for the oil and gas industry, and a provision that appeared aimed specifically at helping Hillsdale College, a small liberal arts college in Michigan that doesn’t accept federal funding and has a large endowment funded by wealthy conservatives — including the family of Education Secretary Betsy DeVos.

An angry Sen. Bernie Sanders (I-Vt.) stood on his chamber’s floor to declare that “the federal treasury is being looted.” In their one victory of the debate, Democrats offered an amendment to strike the Hillsdale provision, and with the help of four Republicans it passed.

Democrats weren’t the only ones surprised by what was in the bill. Republicans and the business community were stunned when the final Senate version restored the alternative minimum tax for corporations. The tax, aimed at keeping companies from shirking their tax duties entirely, had been repealed in the House bill and earlier versions of the Senate measure.

Restoring the corporate alternative minimum tax created $40 billion in revenue for the bill, which helped Republicans come in under complex budgetary guidelines saying the legislation can’t go over the $1.5 trillion the GOP has agreed to add to the deficit over the next decade. Still, some Republicans professed not to know how the change had come about.

And under the new tax code the GOP bill would create, including the alternative minimum tax could have the unintended consequence of preventing companies from using other deductions, including the popular research and development tax credit.

“I’m guessing they just needed something quick to make the bill work,” said Rep. Devin Nunes (R-Calif.), who is one of the conferees charged with blending the two bills together.

Now, as quickly as it reappeared, the corporate alternative minimum tax probably will disappear again. Republican lawmakers widely agree that it doesn’t work and can’t be included, but it remains a mystery where they’ll find revenue to offset that change and pay for others they’re looking to include in the final package.

There has been discussion of moving the corporate rate — slashed from 35 percent to 20 percent by the House and Senate — back up to 22 percent, but the backlash against that proposal has been intense and it probably will be dropped. But revenue must be found somewhere because there are some changes that look nearly certain, including adjusting the new limit on deducting state and local taxes. Both the House and Senate legislation would allow taxpayers to deduct only up to $10,000 in property taxes. Some of Trump’s New York friends have taken exception to that provision and have lobbied the president personally against it.

It’s all part of a breakneck pace of the tax plan that contrasts with the nearly a year-and-a-half that passed between when Reagan unveiled his initial version of the 1986 tax plan and its ultimate passage into law. The less far-ranging tax cuts that President George W. Bush signed in 2001 took four months to become law after the release of Bush’s initial blueprint. And the Affordable Care Act took nearly a year to complete, including a congressional summer recess featuring angry town hall meetings that turned public sentiment sharply against the bill.

Democrats accuse Republicans of whisking the legislation along to avoid extended public scrutiny and prevent them from mounting an offensive at public hearings or over lengthy congressional breaks. The GOP bills have endured neither.

“It’s clear that we could have defeated this bill had we gone through regular order and had any expert witness from any blue state or high-tax state come in,” said Rep. John B. Larson (Conn.), who was a member of Democratic leadership during the much lengthier and more open process of passing the ACA. The provision limiting taxpayers’ ability to deduct state and local taxes hits high-tax areas such as California, New York, New Jersey and Connecticut particularly hard.

“People would have said, ‘Well, wait a minute,’ ” Larson said.

Republican congressional leaders dispute such comparisons, saying that the process on taxes has been going on for years, given that the party has long been debating the idea and an early foundational bill was released by then-Rep. Dave Camp (R-Mich.), former chairman of the tax-writing Ways and Means Committee, nearly four years ago. House Republicans, led by Speaker Paul D. Ryan (Wis.), also campaigned last year on an agenda called “A Better Way,” which featured a tax plank similar in many respects to the bill the House ultimately passed, although it drew scant attention at the time.

“These are relatively small bills, 400 pages or so; they’re not hard to digest. The policy decisions, the thoughtfulness, a lot of these issues we’ve been debating together and apart for years,” said House Ways and Means Chairman Kevin Brady (R-Tex.). “Bottom line is the American people have been waiting 30 years. So to paraphrase a hardware store: less talking, more doing.”

Even before the late-night Senate dramatics, the process offered surprises and sudden twists.

A provision repealing an Affordable Care Act requirement for most Americans to carry insurance or pay fines was added to the Senate bill with little warning over the course of an afternoon, a major health policy decision that is projected to leave 13 million more Americans uninsured in a decade but that would give Republicans $330 billion to pay for other things they want to do.

And the release of the House bill stunned manufacturers when they discovered it contained an “excise tax” on purchases from American companies’ foreign subsidiaries that some said could drive them out of business. The provision was watered down before passage by the Ways and Means Committee, but companies are still fighting to keep it out of the final bill, said Nancy McLernon, president of the Organization for International Investment, which represents global companies with U.S. operations. Despite the years-long focus on tax overhaul, such a provision had not been debated — even after companies beat back a different import tax, she said.

The Senate has a different provision that companies like better, but as far as the cost of going from one to the other or how it will all shake out, “It’s all a Rubik’s cube,” McLernon said.

Many lobbyists, Democrats and other observers expect to find the final version of the plan, which could be filed late this week, just as full of surprises as the various iterations that have appeared. But as they gun for a legislative win that has eluded them this year, Republicans show little interest in slowing down to take a closer look.

“The frenzy, and I would call it a frenzy, to get it done and have a Christmas present for America — number one, I think it’s unnecessary; it’s a self-imposed deadline, and number two, it makes the possibility for error much greater,” said Steve Bell, a senior adviser at the Bipartisan Policy Center who was staff director of the Senate Budget Committee during the 1986 tax effort. “This is a rush without a reason other than the political desire for a Rose Garden signing ceremony.”

Mike DeBonis contributed to this report.

https://www.washingtonpost.com/business/economy/precision-sacrificed-for-speed-as-gop-rushes-ahead-on-taxes/2017/12/10/876ab274-dc62-11e7-b1a8-62589434a581_story.html?utm_term=.167e53dc0cba

 

The Taxman Cometh: Senate Bill’s Marginal Rates Could Top 100% for Some

Certain high-income business owners would face backwards incentives; lawmakers work to bridge gap

House and Senate Republicans are trying to reconcile their tax bills to get rid of the most contentious proposals.
House and Senate Republicans are trying to reconcile their tax bills to get rid of the most contentious proposals. PHOTO: DANIEL ACKER/BLOOMBERG NEWS

WASHINGTON—Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, far beyond the listed rates in the Republican plan.

That means a business owner’s next $100 in earnings, under certain circumstances, would require paying more than $100 in additional federal and state taxes.

As lawmakers rush to write the final tax bill over the next week, they already are looking at changes to prevent this from happening. Broadly, House and Senate Republicans are trying to reconcile their bills, looking for ways to pay for eliminating the most contentious proposals. The formal House-Senate conference committee will meet on Wednesday, and GOP lawmakers may unveil an agreement by week’s end.

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The possible marginal tax rate of more than 100% results from the combination of tax policies designed to provide benefits to businesses and families but then deny them to the richest people. As income climbs and those breaks phase out, each dollar of income faces regular tax rates and a hidden marginal rate on top of that, in the form of vanishing tax breaks. That structure, if maintained in a final law, would create some of the disincentives to working and to earning business profit that Republicans have long complained about, while opening lucrative avenues for tax avoidance.

As a taxpayer’s income gets much higher and moves out of those phaseout ranges, the marginal tax rates would go down.

Consider, for example, a married, self-employed New Jersey lawyer with three children and earnings of about $615,000. Getting $100 more in business income would force the lawyer to pay $105.45 in federal and state taxes, according to calculations by the conservative-leaning Tax Foundation. That is more than double the marginal tax rate that household faces today.

If the New Jersey lawyer’s stay-at-home spouse wanted a job, the first $100 of the spouse’s wages would require $107.79 in taxes. And the tax rates for similarly situated residents of California and New York City would be even higher, the Tax Foundation found. Analyses by the Tax Policy Center, which is run by a former Obama administration official, find similar results, with federal marginal rates as high as 85%, and those don’t include items such as state taxes, self-employment taxes or the phase-out of child tax credits.

The bill as written would provide incentives for business owners to shift profit across calendar years, move personal expenses inside the business and engage in other economically unproductive maneuvers, said David Gamage, a tax-law professor at Indiana University.

“I would expect a huge tax-gaming response once people fully understand how it works,” said Mr. Gamage, a former Treasury Department official, who said business owners have an easier time engaging in such tax avoidance than salaried employees do. “The payoff for gaming is huge, within the set of people who both face these rates and have flexible enough business structures.”

The analyses “raise a valid concern” that lawmakers are examining, said Julia Lawless, a spokeswoman for the Senate Finance Committee.

“With any major reform, there will always be unusual hypotheticals delivering anomalous results,” she said. “The goal of Congress’s tax overhaul has been to lower taxes on the American people and by and large, according to a variety of analyses, we’re achieving that.”

Marginal tax rates are different from average tax rates. A marginal rate is the tax on the edge, or margin, of one’s earnings, and so it reflects what would be the next dollar of income. The average rate is a way of measuring a taxpayer’s total burden.

The Republican bills are trying to reduce both marginal and average tax rates, and for many taxpayers, they do. The marginal tax rates above 100% affect a small slice of households with very particular circumstances. Similar, though smaller, effects occur throughout the tax system.

“This is a big concern,” said Scott Greenberg, a Tax Foundation analyst. “It would be unfortunate if Congress passed a tax bill that had the effect of making additional work and additional income not worthwhile for any subgroup of households.”

Here’s how that New Jersey lawyer’s marginal rate adds up to more than 100%:

The household is paying the 35% marginal tax rate on their income range. Or, they are paying the alternative minimum tax, which operates at the same marginal rate in that income range.

The household is paying New Jersey’s highest income-tax rate, which is 8.97%, and now has to pay all of that because the Republican tax plan wouldn’t let such state or local taxes be deducted from federal income.

The household is also losing a deduction the Senate created for so-called pass-through businesses such as partnerships and S corporations. That 23% deduction is fully available to owners of service businesses like law firms, but only if income is below $500,000 for a married couple.

The deduction then phases out over $100,000 in income, according to a complex formula, disappearing entirely once income reaches $624,000. Up to that point, each additional dollar of business income faces progressively steeper tax rates because the deduction and its benefit are shrinking rapidly as income goes up.

The provisions also interact with each other in ways that drive up marginal rates. “The central problem here is that there is a large benefit phasing out over a short range,” Mr. Greenberg said.

The Republican bill doubles the child tax credit to $2,000 but phases it out beginning at $500,000 income for joint filers. The credit shrinks by $50 for every $1,000 in income above that, so a married couple with three children faces a higher marginal tax rate when they’re in that phase-out range.

The analysis assumes that the New Jersey lawyer is paying a 3.8% tax on self-employment income.

Pushing marginal rates lower on these households wouldn’t be easy and would require tradeoffs. Republicans could make the phaseout of the business deduction more gentle, spreading it over, say, $200,000, as opposed to $100,000, of income above $500,000. But that would make the tax cuts bigger, and Republicans are already looking for money to offset other changes they are planning.

They could lower the threshold for the child tax credit, but that would reduce tax cuts for households below $500,000.

Under current law, there are some high marginal tax rates for some lower-income households. Some families just above the poverty line can see their earned income tax credits and food stamps going down as their federal and state taxes go up. That combination can create marginal tax rates of around 75%, according to the Congressional Budget Office.

Appeared in the December 11, 2017, print edition as ‘Taxman Cometh: Marginal Rates Could Top 100% for Some.’

https://www.wsj.com/articles/the-taxman-cometh-senate-bills-marginal-rates-could-top-100-for-some-1512942118

Tax Reform Under History’s Light


Senior Vice President, Economic Policy Division, and Chief Economist

Former Democratic Senator John Breaux

Former Democratic Senator John Breaux.

[This is part of an ongoing series entitled “The Case for Tax Reform,” which examines the importance of reforming the outdated tax code, and how achieving that goal will advance economic growth, jobs, and prosperity.]

Tax reform’s chances are better in this Congress than at any time in the past 30 years. Thus, comparisons come naturally to the events leading up to the 1986 Tax Reform Act (TRA86). These comparisons are useful for the similarities and the differences, both of which provide insights as to how to assure success today.

One important similarity is TRA86 brought to conclusion a long and detailed debate about tax policy. Our current efforts also rest on a lengthy debate recently brought to the fore. An important difference, however, is TRA86 was enacted as a widely accepted “should do,” whereas tax reform in 2017 is much more of a “must do.”

‘86 tax reform in 30 seconds

TRA86 culminated as a complex debate starting about 10 years prior with the release of Treasury’s “Blueprints for Basic Tax Reform” in the waning hours of the Ford administration. Treasury’s “Blueprints” laid out a coherent approach to tax policy, emphasizing simplification and a reduction in tax distortions that were sapping economic growth.

Two years later, in response to a poorly performing economy, Congress adopted the Steiger Amendment, significantly cutting the capital gains tax rate as part of the 1978 Revenue Act. While often ignored, the Steiger Amendment marked the bi-partisan recognition of tax policy’s importance for economic growth. Pro-growth tax reform was not just for tax geeks anymore.

Federal tax policy debate took on new energy in 1981 with the passage of the landmark Reagan tax cuts, dominated by substantial rate reduction. Following legislation in 1982 and 1984 to readjust tax levels, the stage was set for fundamental tax reform.

A bipartisan consensus regarding sound tax policy evolved through the years leading up to TRA86. This consensus distilled down to the simple mantra of “lower the rates, broaden the base.”  Like the 1981 legislation, TRA86 would reduce tax rates substantially and install a less punitive system of capital consumption allowances. Unlike the 1981 legislation, however, the focus would also be on simplification, on the wide range of areas of the tax code reformed, and especially on revenue neutrality.

This consensus first took concrete form in two highly-detailed proposals out the Reagan Treasury Department, commonly dubbed Treasury I and its improved version, Treasury II, and released in 1984 and 1985 respectively. With these reports laying the groundwork, Congress then took over a year to legislate, finally producing TRA86.

The years between

TRA86 was the product of an extended period of consensus building and analysis. For those new to the debate, today’s strong momentum for comprehensive, pro-growth tax reform may seem to have arisen out of thin air, but, in fact, this debate has ebbed and flowed almost without pause since 1986.

The appetite for tax reform did not die following TRA86, and so consideration naturally moved on to the “next big thing.” For a period, the big thing seemed to be some kind of European-style Value Added Tax (VAT). The VAT momentum quickly petered out, however, and soon revenue pressures shifted the focus of tax policy once again to raising income tax rates, often with distinct “soak-the-rich” overtones. The VAT episode set tax reform’s pattern of ebb and flow for the following years.

Even as the debate toward TRA86 was underway, a very different approach to tax policy appeared in the Hall-Rabushka Flat Tax. Though the Flat Tax is best known for having a single rate of tax, hence the name, what really distinguishes the Flat Tax is its simplification, the elimination of all taxes on capital income and capital gains, and the adoption of a cash-flow tax on businesses centered on allowing capital purchases to be “expensed,” or deducted immediately.

In the 1990s, as the Flat Tax gained greater acceptance, tax reform topped the national agenda with Steve Forbes leading the charge. But this effort soon deflated along with Forbes’ 1996 presidential campaign.

Tax reform again gained traction briefly after the 2004 election with the release of the superb report of the presidential commission led by former Democratic Senator John Breaux and former Republican Senator Connie Mack. However, this effort, too, led to naught, a victim of competing priorities and a lack of consensus.

Income tax reform was pushed far onto the back burners during President Barack Obama’s tenure. Despite a historically weak economic recovery, the Obama administration expressed little interest in proposals to reduce the tax code’s drag on growth. The Obama administration contented itself with modest tweaks at the edges and otherwise dedicated its efforts to defending the status quo, especially in the area of international tax where global pressures were felt most profoundly.

Tax reform today

Even as years of inaction passed, pressure to reform the federal income tax code rose steadily from all sides. In part, this pressure arose because the U.S. economy was changing rapidly, and the tax code became an ever-worse fit for a modern economy.

In part, the pressure arose because even as America stood pat, America’s major trading partners did not. They were cutting business tax rates steadily and almost all were moving toward a territorial tax system to allow their businesses to compete more effectively in a global business climate of increasing intensity.

Though on the back burner, tax reform continued to simmer in backchannels. Then-House Budget Committee Chairman Paul Ryan (R-WI) advanced a series of thoughtful tax reform proposals as part of his broader efforts to reform Federal tax policy. Rep. Devin Nunes (R-CA) offered his variation on tax reform, differing from but along the same broad lines as the Ryan proposal. Sen. Marco Rubio (R-FL) also introduced a major, comprehensive tax reform proposal with his own interpretations, and then released subsequent iterations as comments and critiques soon followed. In these years, though President Obama continued to block tax reform’s path, the debate remained alive and well.

In 2014, former Ways and Means Committee Chairman David Camp (R-MI) introduced a detailed tax reform proposal. As tax reform would originate in this committee, Camp’s proposal took on greater significance than most. The Camp proposal was intended to serve as a prototype for tax legislation and so offered much more detail and, in some cases, specific options for resolving some of the nagging technical issues in adopting a territorial tax system, for example. However, in the face of President Obama’s determined disinterest, few were willing to contemplate seriously the hard choices the Camp plan laid out and so, again, tax reform was left to simmer on the back burner.

Tax reform played a limited role in the 2016 presidential campaign, with the Democratic nominee, Hillary Clinton, largely continuing the defense of the status quo established by President Obama. Meanwhile, the Republican nominee, Donald Trump, suggested a bold change of direction; though, he accompanied it by very few details. Trump’s election, combined with the strong Republican interest in tax reform, quickly moved the issue to the front burner.

The focus on growth

Tax reform today, like its 1986 predecessor, has a long history of debate, evolution, and refinement. TRA86 and the current effort also share an intense focus on improving economic growth, but with one important difference: TRA86 largely responded to a sense borne of the previous, deep recession that the economy needed to be both stronger and more resilient, and that sound tax policy could help. Tax reform was seen as something Congress and the president could and should accomplish.

Tax reform today shares a similar motivation, but with far greater urgency. Just as no business can compete for long if its cost structure substantially exceeds those of its competitors, American businesses cannot continue to compete effectively at home or abroad facing high tax rates, an inadequate capital cost recovery system, and an international tax system long abandoned by competing companies.

American companies are managing to compete successfully today but with ever greater difficulty under the federal tax system. Failure to reform the tax system would not result overnight in significant decline in Americans’ long-run economic prospects. But it would most assuredly do so over the next few years as both financial and human capital is driven overseas.

Tax reform is one task Congress and the president simply have to get right if America is to prosper.

https://www.uschamber.com/above-the-fold/tax-reform-under-history-s-light

What History Teaches Us About Tax Reform


Senior Vice President, Economic Policy Division, and Chief Economist
023275_taxreform_atf_08_22_reagan_getty471341025.jpg

[This is part of an ongoing series entitled “The Case for Tax Reform,” which examines the importance of reforming the outdated tax code, and how achieving that goal will advance economic growth, jobs, and prosperity.]

An underperforming economy and mounting international competition have propelled tax reform from topic of discussion to front-burner issue. There is no change in federal policy that offers greater potential to strengthen employment and increase wages for American workers than sound, comprehensive tax reform.

Reviewing and respecting the lessons from the last major tax reform over thirty years ago illuminates the road ahead, and provides lessons for how to raise our odds of success. Time provides a dimension worth exploring for similarities and contrasts between 1986 and today. Specifically, the time leading up to the effort, and the time needed for Congress to act.

The Historical On Ramp to Tax Reform

President John F. Kennedy understood the dampening economic effects of high tax rates. Though he died before seeing his program enacted, his successor, President Lyndon B. Johnson pushed the program through Congress and thus the 1964 tax bill is commonly referred to as the “Kennedy tax cuts.” The 1964 bill centered on significant tax rate reductions to achieve a substantially stronger economy.

Thereafter, budget pressures from the Vietnam War and Great Society programs reoriented tax policy once again toward ever-higher tax rates accompanied by a steady accretion of deductions and credits to blunt the effects of higher rates on politically favored constituencies. This process continued unabated into President Jimmy Carter’s administration and not surprisingly coinciding with a languishing economy.

Even as tax rates climbed and new distortions filled the tax code, a countermovement arose. In the final moments of the Ford Administration, Secretary William E. Simon released a landmark Treasury report directed by one of the era’s great economists, David Bradford, called “Blueprints for Basic Tax Reform,” guiding concepts of sound tax policy for years to come.

As the economy struggled and President Carter stood by, Congress took the initiative. With strong, bipartisan support over Carter’s objections, Congress substantially cut the capital gains tax rate as part of the 1978 Revenue Act, marking the first step in a change in tax philosophy culminating in the 1986 Tax Reform Act (TRA86).

Senator Bill Roth (R-DE) and Congressman Jack Kemp (R-NY) then picked up tax reform’s guidon, leading the charge for lower tax rates. At the same time, a second dimension in tax policy gained steam – the need for a less punitive capital cost recovery system. This debate was led largely outside Congress by the likes of Charls Walker and Ernie Christian, former Ford Administration Treasury hands, and Norman B. Ture, later Treasury undersecretary under Ronald Reagan.

Spurred by a recession wrought by a disinflationary monetary policy, the tax debate quickly came to a head in the 1981 “Reagan tax cuts.” The 1981 bill cut tax rates and instituted a vastly superior capital cost recovery system among other reforms. In the process, the bill cut revenues far more than Reagan proposed.

Though the 1981 bill was championed by a Republican president, it enjoyed widespread Democratic support. Rep. Dan Rostenkowski (D-IL), Chairman of the House Committee on Ways and Means introduced and pushed the legislation to passage, joined by almost half the House Democrats and almost a third of Senate Democrats.

The magnitude of the 1981 tax cuts proved politically unsustainable and were quickly followed by a series of tax hikes reversing some of the 1981 revenue reductions. Having settled the issue of how much to tax, the stage was now set for the 1986 reform and deciding who and how to tax.

Building Toward the 1986 Tax Reform Act

At about this time a fundamentally different approach to tax policy appeared: the Hall-Rabushka Flat Tax. The Flat Tax’s popularity often associates with the simplicity of imposing a single tax rate. However, the real revolution it offered was not the single tax rate,but  what is subject to tax. Despite appearing as a traditional income tax, the Flat Tax was something quite new as it explicitly eliminated tax on investment income and imposed a simple cash flow tax on all businesses, thus adopting the principle of expensing, or allowing a full and immediate deduction for capital purchases.

The Flat Tax was too radical to gain wide acceptance in the early 1980s, but a vigorous bipartisan debate harkening back to Bradford’s 1976 “Blueprints” continued nonetheless. The 1981 tax cuts worked as intended to launch a powerful economic recovery, but memories of poor economic performance under Carter still lingered. A broad, bipartisan consensus championed faster economic growth by reforming the tax code to reduce the distortions to economic decision making it caused and the resulting misallocation of basic resources.

The basic strategy was to lower rates as in the 1981 Act, only further, and to implement a sound cost recovery system as in the 1981 Act. In contrast to 1981, however, the new strategy included a determined effort to “broaden the tax base” by eliminating distorting loopholes and tax credits, thereby intending the overall bill to be revenue neutral. .

The Treasury Department under Secretary Don Regan took the first big step in 1984 with the release of a densely packed 275 page proposal for comprehensive tax reform, dubbed “Treasury I”. While many aspects were well-received, as with most prototypes, Treasury I contained flaws, some of which Treasury addressed in 1985 with “Treasury II”.

Tax reform was off and running in Congress with the release of Treasury II, but the road  was by no means easy. Time and again Reagan had to give Congress another not-always-gentle push. The greatest peril demanding Reagan’s firm hand came when Senate Finance Committee Chairman Bob Packwood (R-OR) realized he couldn’t pass tax reform on the path it was on. Ironically, the man who had repeatedly saved tax reform, President Reagan, was also now tax reform’s biggest obstacle.

The Price for Overcoming the Greatest Hurdle

Reagan was forced into pushing for the most rate reduction possible. Initially he drew the line at 25 percent for individuals and he held firm for much of the debate. Like most policy, tax reform involves trade-offs and Packwood just couldn’t find enough obvious base broadeners he could economically or politically trade off to hit a 25 percent rate.

Something had to give. At first the rate crept up to 26 and then to 28 percent. But at 28 percent, Reagan would go no further.

As Reagan urged Packwood to press on, Packwood had to get creative. He took fairly innocuous existing individual and corporate minimum taxes and expanded them into full-fledged parallel tax systems; voila, massive back-door base broadening. Packwood’s new Alternative Minimum Tax (AMT), while a superb example of terrible tax policy, had as its one redeeming feature: it raised enough money in a sufficiently confusing manner to hit the 28 percent rate without creating too many political problems, at least not for the duration of the debate. Three months later, the final bill passed the Senate.

Packwood’s AMT offers an important lesson for tax reform today. As important as low tax rates are for economic growth, policy makers and the public need to be honest about the tradeoffs involved. The broadest possible tax base capable of garnering sufficient political support can only raise so much revenue at a targeted tax rate. Demand an even lower tax rate and something (or someone) else will have to give and very likely pro-growth tax policy will suffer as a consequence.

Back to the Present

With respect to time, the current tax reform debate parallels that of 1986 closely. TRA86 concluded a lengthy, evolutionary process regarding accepted beliefs about sound, pro-growth tax policy. That process distilled to the lowest possible rates and applied to a simple, broad tax base, while allowing for a depreciation system for capital costs minimizing the anti-investment aspects of an income tax.

Tax reform today shares these traits, both with respect to the substance of reform – low rates, broad base, and today, expensing – and with respect to time. Like the 1986 episode, tax reform today reflects the product of many years of debate regarding the design of pro-growth tax policy, an evolution that began in 1986.

In one other critical respect regarding time, TRA86 and the current effort offer stark contrasts. Where the legislative starting gun on TRA86 went off in 1984 and the effort then proceeded for over two years, Congress in 2017 will have only a handful of months from introduction to tax reform’s final passage. This difference in time will have significant implications for how Congress defines “comprehensive” as they work toward pro-growth tax reform.

Read Part 2: Tax Reform Under History’s Light

https://www.uschamber.com/above-the-fold/what-history-teaches-us-about-tax-reform

 

Story 3: Defeating The Islamic State in Iraq and Syria By Bombing Them To Death — ISIS Free? — Videos

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Total victory over ISIS in Syria

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Trump, Mattis turn military loose on ISIS, leaving terror caliphate in tatters

Hundreds of ISIS fighters had just been chased out of a northern Syrian city and were fleeing through the desert in long convoys, presenting an easy target to U.S. A-10 “warthogs.”

But the orders to bomb the black-clad jihadists never came, and the terrorists melted into their caliphate — living to fight another day. The events came in August 2016, even as then-Republican presidential nominee Donald Trump was vowing on the campaign trail to let generals in his administration crush the organization that, under President Obama, had grown from the “jayvee team” to the world’s most feared terrorist organization.

OIR_CROFT

U.S. Air Force Brig. Gen. Andrew Croft said the Trump administration has put a strong leadership team in place  (U.S. Army photo by Sgt. Tracy McKithern)

“I will…quickly and decisively bomb the hell out of ISIS,” Trump, who would name legendary Marine Corps Gen. James Mattis as secretary of defense, promised. “We will not have to listen to the politicians who are losing the war on terrorism.”

ISIS CURSED, MOCKED IN MOSUL, WHERE OLD CITY REMAINS A HAUNTED WASTELAND

Just over a year later, ISIS has been routed from Iraq and Syria with an ease and speed that’s surprised even the men and women who carried out the mission. Experts say it’s a prime example of a campaign promise kept. President Trump scrapped his predecessor’s rules of engagement, which critics say hamstrung the military, and let battlefield decisions be made by the generals in the theater, and not bureaucrats in Washington.

“I felt quite liberated because we had a clear mandate and there was no questioning that.”

– U.S. Marine Col. Seth Folsom

At its peak, ISIS held land in Iraq and Syria that equaled the size of West Virginia, ruled over as many as 8 million people, controlled oilfields and refineries, agriculture, smuggling routes and vast arsenals. It ran a brutal, oppressive government, even printing its own currency.

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Lt. Col. Seth Folsom credits the cooperation between Iraqi Security Forces and the U.S-led coalition for the military defeat of ISIS in Iraq.  (Courtesy U.S Army)

The terror organization now controls just 3 percent of Iraq and less than 5 percent of Syria. Its self-styled “caliph,” Abu Bakr al-Baghdadi, is believed to be injured and holed up somewhere along the lawless border of Syria and Iraq.

ISIS remains a danger, as members who once ruled cities and villages like a quasi-government now live secretly among civilian populations in the region, in Europe and possibly in the U.S. These cells will likely present a terrorist threat for years. In addition, the terrorist organization is attempting to regroup in places such as the Philippines, Libya and the Sinai Peninsula.

But the military’s job — to take back the land ISIS claimed as its caliphate and liberate cities like Mosul, in Iraq, and Raqqa, in Syria, as well as countless smaller cities and villages, is largely done. And it has taken less than a year.

Defense Secretary Jim Mattis waits to greet Polish Defense Minister Antoni Macierewicz, upon his arrival at the Pentagon, Thursday, Sept. 21, 2017, in Washington. (AP Photo/Alex Brandon)

Mattis, a US Marine Corps general, said there would be no White House micromanaging on his watch  (Associated Press)

“The leadership team that is in place right now has certainly enabled us to succeed,” Brig. Gen. Andrew Croft, the ranking U.S. Air Force officer in Iraq, told Fox News. “I couldn’t ask for a better leadership team to work for, to enable the military to do what it does best.”

President Trump gave a free hand to Mattis, who in May stressed military commanders were no longer being slowed by Washington “decision cycles,” or by the White House micromanaging that existed President Obama. As a result of the new approach, the fall of ISIS in Iraq came even more swiftly than hardened U.S. military leaders expected.

“It moved more quickly than at least I had anticipated,” Croft said. “We and the Iraqi Security Forces were able to hunt down and target ISIS leadership, target their command and control.”

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U.S. Marine Corps Brig. Gen. Robert Sofge said the military now has a clear mandate  (U.S. Army photo by Spc. Cole Erickson)

IRAQI KURDS STILL LOVE US DESPITE ITS OPPOSITION TO KURDISH INDEPENDENCE, SAYS KURDISH LEADER

After the battle to liberate Mosul – ISIS’ Iraqi headquarters – was completed in July — the U.S.-led coalition retook Tel Afar in August, Hawija in early October and Rawa in Anbar province in November.

Marine Col. Seth Folsom, who oversaw fighting in Al Qaim near the Syrian border, agreed. He wasn’t expecting his part of the campaign against ISIS to get going until next spring and figured even then, it would then “take six months or more.”

Instead, ISIS was routed in Al Qaim in just a few days.

mosul

Mosul, and several other cities liberated by ISIS, were largely destroyed in the fighting.  (Fox News/Hollie McKay)

“We really had one mandate and that was enable the Iraqi Security Forces to defeat ISIS militarily here in Anbar. I feel that we have achieved that mission,” Folsom said. “I never felt constrained. In a lot of ways, I felt quite liberated because we had a clear mandate and there was no questioning that.”

Brig. Gen. Robert “G-Man” Sofge, the top U.S. Marine in Iraq, told Fox News his commanders have “enjoyed not having to deal with too many distractions and there was no question about what the mission here in Iraq was.”

OIR_

Iraqi Brig. Gen. Yahya Rasool was skeptical of Trump at first, but says success on the ground has been swift  (Fox News/Hollie McKay )

“We were able to focus on what our job was without distraction and I think that goes a long way in what we are trying to accomplish here,” he said.

Sofge said criticism that loosening rules of engagement put civilians at risk is “absolutely not true.”

OIR_dillon

Col. Ryan Dillon. Combined Joint Task Force – Inherent Resolve Spokesman  (Photo by CJTFOIR)

“We used precision strikes, and completely in accordance with international standards,” he said. “We didn’t lower that standard, not one little bit. But we were able to exercise that precision capability without distraction and I think the results speak for themselves.”

The U.S.-led coalition said this week the Coalition Civilian Casualty Assessment Team has added 30 new staffers to travel throughout the region. It said military leaders continue to “hold themselves accountable for actions that may have caused unintentional injury or death to civilians.”

The coalition also said dozens of reports of civilian casualties have been determined to be “non-credible,” and just .35 percent of the almost 57,000 separate engagement carried out between August 2014 and October 2017 resulted in a credible report of a civilian casualty.

In addition to air support, the U.S.-led strategy also includes training and equipping Iraqi troops on the ground.

While the Trump administration’s success is often underplayed in the U.S. media, it is obvious on the ground in Iraq, according to a spokesman for Iraq’s Ministry of Defense, Yahya Rasool.

“I was not optimistic when Trump first came to the office,” Rasool said. “But after a while I started to see a new approach, the way the U.S. was dealing with arming and training. I saw how the coalition forces were all moving faster to help the Iraq side more than before. There seemed to be a lot of support, under Obama we did not get this.”

FILE - This file image made from video posted on a militant website July 5, 2014, purports to show the leader of the Islamic State group, Abu Bakr al-Baghdadi, delivering a sermon at a mosque in Iraq during his first public appearance. Islamic State group leader Abu Bakr al-Baghdadi appears to be still alive, a top U.S. military commander said Thursday, Aug. 31, 2017, contradicting Russia’s claims that it probably killed the top counterterror target months ago.(Militant video via AP, File)

Al-Baghdadi, who once ruled a caliphate the size of California, is now inn hiding and likely badly injured

Despite the victories on the battlefield, U.S. officials cautioned much work remains to be done.

“ISIS is very adaptive,” noted Col. Ryan Dillon, the U.S.-led coalition spokesman. “We are already seeing smaller cells and pockets that take more of an insurgent guerrilla type approach as opposed to an Islamic army or conventional type force. So we have got to be prepared for that.”

He said as a result the coalition is “adjusting some training efforts” so the Iraqi forces — upwards of 150,000 have already undergone training — are equipped to address such threats and ensure long-term stability.

Folsom said “the worst thing we could do” is not finish the job.

“If a country becomes a failed state, if it becomes a lawless region, you begin to set the conditions for what happened in the years before 9/11,” he said. “In those ungoverned spaces where we don’t know what is going on, that is where those seeds of extremism begin to blossom.”

 

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The Pronk Pops Show 993, November 1, 2017, Story 1: Update of Radical Islamic Terrorist Jihadist Attack in New York City — President Trump “Send Him To Gitmo” as Enemy Combatant and Get Rid of Chain Migration and Diversity Lottery Immigration Program and Replace With Merit Based System of Immigration — Videos — Breaking — Story 2: Trump Expected To Name Jerome Powell As Next Federal Reserve Chairman Replacing Chair Janet Yellen — A Dove or Continuation of Interventionist Easy Monetary Policy — Better Choice Was John Taylor — Taylor For Fed Chair and Powell for Vice Chair — Videos

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Pronk Pops Show 993, November 1, 2017

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Pronk Pops Show 990, October 26, 2017

Pronk Pops Show 989, October 25, 2017

Pronk Pops Show 988, October 20, 2017

Pronk Pops Show 987, October 19, 2017

Pronk Pops Show 986, October 18, 2017

Pronk Pops Show 985, October 17, 2017

Pronk Pops Show 984, October 16, 2017 

Pronk Pops Show 983, October 13, 2017

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

Pronk Pops Show 964, September 14, 2017

Pronk Pops Show 963, September 13, 2017

Pronk Pops Show 962, September 12, 2017

Pronk Pops Show 961, September 11, 2017

Pronk Pops Show 960, September 8, 2017

Pronk Pops Show 959, September 7, 2017

Pronk Pops Show 958, September 6, 2017

Pronk Pops Show 957, September 5, 2017

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939, August 2, 2017

Pronk Pops Show 938, August 1, 2017

Image result for sayfullo saipov age 29 uzbekImage result for president trump send terroritst to gitmo

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Story 1: Update of Radical Islamic Terrorist Jihadist Attack in New York City — President Trump “Send Him To Gitmo” and Get Rid of Chain Migration and Diversity Lottery Immigration and Replace With Merit Base System — Videos — 

Image result for Diversity Lottery immigration program

Image result for Diversity Lottery immigration program

Passport to terrorism – Jason Chaffetz on the NY terrorist attack – 11/1/17 – Fox & Friends

New York truck attack: Trump calls for end of green card lottery – BBC News

President Donald Trump: Starting The Process Of Terminating The Diversity Lottery Program | CNBC

Schumer to Trump: Stop dividing, politicizing

What we know about the suspect in deadly NYC attack

Suspect In NYC Terror Attack That Killed 8 Victims Shot, In Custody

President Trump’s EXPLOSIVE Response to NY Truck Attack: “Send Him to Gitmo!” 11/1/17

The Diversity VISA Program Should Be GUTTED!!” Hannity and Mark Levin Speak TRUTH on Immigration

“The Diversity Lottery is COMPLETELY INSANE!” Ann Coulter REACTS to NYC

Robert Mueller’s Witch Hunt – Mark Levin – Hannity

“Allahu Akbar!” #NYC #Terror and #Uzbek Sayfullo Saipov — Lionel on “Real News With David Knight”

We Should Televise Sayfullo Saipov Explaining Why He Killed 8 to Show America What Evil Looks Like

 

Uzbek terrorist appears shackled in court in a wheelchair after it emerges he had thousands of ISIS videos on his phone, asked to fly terror flag in his hospital room and chose Halloween because he thought more people would be on the streets

  • Sayfullo Saipov, 29, was charged Wednesday with providing material support to a terrorist group and committing violence and destruction of motor vehicles 
  • He did not enter a plea and judge ordered him to be held in federal jail 
  • Uzbek national will appear again in federal court on November 15 
  • Saipov killed eight and injured 12 by mowing down people with a rented pick-up truck on the Hudson River bike path in lower Manhattan Tuesday afternoon 
  • According to a criminal complaint, Saipov admitted that he was inspired by ISIS
  • Saipov asked federal agents to hang an ISIS flag in his hospital room and said he ‘felt good about what he had done’ 
  • Investigators found thousands of ISIS-related materials on Saipov’s computer
  • About 90 ISIS-related videos were also found on Saipov’s cell phone    
  • He was interviewed by federal agents in 2015 as a possible associate of two suspected terrorists, but a case file was never opened on him 

New details are emerging about Sayfullo Saipov (left and right) who mowed down more than a dozen innocent people on a New York City bike path on Tuesday

New details are emerging about Sayfullo Saipov (left and right) who mowed down more than a dozen innocent people on a New York City bike path on Tuesday

The Muslim immigrant from Uzbekistan accused of carrying out Tuesday’s terror attack in Manhattan entered court Wednesday evening in a wheelchair, handcuffed and with his feet shackled, to face terrorism charges filed against him by the U.S. Attorney for the Southern District of New York.

Sayfullo Saipov, 29, wore a gray shirt and was surrounded by five guards while in his wheelchair inside a New York federal courthouse after he was charged with providing material support to a terrorist group and committing violence and destruction of motor vehicles.

His lawyers said Wednesday they were not seeking bail and a judge ordered him to be held in federal jail.

Saipov did not enter a plea to terrorism charges and a judge set his next court date for November 15.

Authorities say the Uzbek national watched ISIS videos on his cellphone and picked Halloween for the attack on a bike lane in lower Manhattan because he knew more people would be out on the streets.

Prosecutors said in court papers that Saipov asked to display the ISIS flag in his hospital room where he was recovering from being shot in the stomach by police ending the attack.

Saipov ‘stated that he felt good about what he had done,’ according to court papers.

The 29-year-old left behind knives and a note, handwritten in Arabic, that included Islamic religious references and said ‘it will endure’ — a phrase that commonly refers to ISIS, FBI agent Amber Tyree said in court papers.

The Muslim immigrant from Uzbekistan (above in court sketches) accused of carrying on Tuesday's terror attack in Manhattan entered court Wednesday evening in a wheelchair, handcuffed and with his feet shackled, to face terrorism charges filed against him by the U.S. Attorney for the Southern District of New York

The Muslim immigrant from Uzbekistan (above in court sketches) accused of carrying on Tuesday’s terror attack in Manhattan entered court Wednesday evening in a wheelchair, handcuffed and with his feet shackled, to face terrorism charges filed against him by the U.S. Attorney for the Southern District of New York

Saipov, 29, wore a gray shirt and was surrounded by five guards while in his wheelchair inside a New York federal courthouse after he was charged with providing material support to a terrorist group and committing violence and destruction of motor vehicles

His lawyers said Wednesday they were not seeking bail and a judge ordered him to be held in federal jail. Saipov did not enter a plea to terrorism charges and a judge set his next court date for November 15

Questioned in his hospital bed, Saipov said he had been inspired by ISIS videos and began plotting an attack about a year ago, deciding to use a truck about two months ago, Tyree said. Saipov even rented a truck on October 22 to practice making turns, Tyree said.

John Miller, deputy New York police commissioner for intelligence, said Saipov ‘appears to have followed, almost exactly to a T, the instructions that ISIS has put out.’ 

In the past few years, the Islamic State has exhorted followers online to use vehicles, knives or other close-at-hand means of killing people in their home countries. England, France and Germany have all seen deadly vehicle attacks since mid-2016.

A November 2016 issue of the group’s online magazine detailed features that an attack truck or van should have, suggested renting such a vehicle and recommended targeting crowded streets and outdoor gatherings, according to the SITE Intelligence Group, a militant-monitoring agency.

Saipov told authorities, according to the compliant, he chose Halloween for the attack because he thought there would be more civilians nearby.

Carlos Batista, a neighbor of Saipov’s in Paterson, New Jersey, said he had seen the suspect and two friends using the same model of rented truck several times in the past three weeks.

Overnight, FBI investigators raided Saipov's Paterson, New Jersey apartment, where he lives with his wife and three kids, the youngest of whom is three months old

Overnight, FBI investigators raided Saipov’s Paterson, New Jersey apartment, where he lives with his wife and three kids, the youngest of whom is three months old

It's unclear how long Saipov has lived at the address in New Jersey, he seemed to float between Ohio, Florida and New Jersey

A member of the media knocks on the door next to Saipov's apartment on Wednesday

An FBI investigator carries a bag of evidence away from Saipov's home on Wednesday 

An FBI investigator carries a bag of evidence away from Saipov’s home on Wednesday

Trump tweeted Wednesday night that he spoke with the president of Argentina about the five victims who died in the attack on Tuesday

Trump tweeted Wednesday night that he spoke with the president of Argentina about the five victims who died in the attack on Tuesday

He also tweeted that the US 'will be immediately implementing much tougher Extreme Vetting Procedures'

He also tweeted that the US ‘will be immediately implementing much tougher Extreme Vetting Procedures’

New York Gov. Andrew Cuomo told CNN on Wednesday that Saipov ‘radicalized domestically’ after moving to America seven years ago, where he had worked as a commercial truck driver and Uber driver.

Reports say that Saipov attended a ‘suspicious’ New Jersey mosque.

Saipov married in 2013 and has since fathered three children – the youngest of whom is three months old. Overnight, FBI agents raided the couple’s Paterson, New Jersey home.

On October 28, Saipov was spotted on the George Washington Bridge, the crossing at the far northern tip of the island between New Jersey and New York.

That same day, his EZ-pass recorded him driving through the Holland Tunnel (which also links New Jersey and New York) twice. The Holland Tunnel is located in lower Manhattan, near where Saipov started his rampage on Tuesday.

Prosecutors released the criminal complaint (above) against Saipov on Wednesday afternoon which describes the charges he's been hit with for Tuesday's deadly attack

Prosecutors released the criminal complaint (above) against Saipov on Wednesday afternoon which describes the charges he’s been hit with for Tuesday’s deadly attack

Saipov was charged with providing material support to a terrorist group and committing violence and destruction of motor vehicles

Saipov was charged with providing material support to a terrorist group and committing violence and destruction of motor vehicles

The documents also provide details into the background on ISIS as a foreign terrorist organization 

The documents also provide details into the background on ISIS as a foreign terrorist organization

The documents say ISIS has 'disseminated a wide variety of recruiting materials and propaganda through social media'

The suspect seemingly lived a quiet life prior to moving to the U.S.

He had spent most of his life living in a single apartment with his parents and three younger sisters in Tashkent, the capital of Uzbekistan, Radio Free Europe (RFE) reports.

Two neighbors back in Tashkent told RFE that the Saipov family were ‘very secular’ and ‘ordinary Uzbeks who don’t stand out in any particular respect’.

‘His parents are far from religion,’ one of them said, ‘They don’t even pray.’

Saipov’s father, 52-year-old Habibullo, and mother, 50-year-old Muqaddas, run a small clothing stand in their local bazaar, and are relatively well off in their country, owning their own car and home.

The complaint details the deadly attack on Tuesday afternoon in lower Manhattan and also what was found inside the rented Home Depot truck. One of those items was a  document that contained Arabic and English text

The complaint also shows a photo showing Saipov at the Home Depot in Passaic, New Jersey renting the truck used in the horrific attack

Saipov was read his Miranda Rights while in the hospital after being shot by an NYPD officer. He waived those rights and began speaking to investigators about what he admitted to doing, according to the complaint

The Uzbek national also said that he was inspired to carry out the attack by ISIS videos he had watched on his cell phone, according to the complaint

The Uzbek national also said that he was inspired to carry out the attack by ISIS videos he had watched on his cell phone, according to the complaint

Authorities say one of the cellphones found in Saipov's possession contained 90 videos of ISIS-related propaganda 

Authorities say one of the cellphones found in Saipov’s possession contained 90 videos of ISIS-related propaganda

At the age of 22, Saipov moved alone to the U.S. after winning a greencard through the Diversity Visa Lottery.

But a police source in Tashkent told RFE that Saipov lived for a time in Osh, Kyrgyzstan – a city that saw violent ethnic clashes in 1990 and 2010 – before immigrating to the U.S. (DailyMail.com learned that Saipov has close links to Osh, according to Ruslan Leviev, head of the Conflict Intelligence Team, an anti-Kremlin social media monitoring group. He has social media links to friends in the city, also the home of Akbarjon Djalilov, who bombed the St Petersburg metro last year.)

When he first moved to the U.S., acquaintances said that he did not appear to be a ‘religious person’. Several years later though, they say he became ‘aggressive’ and started expressing ‘very radical views,’ according to sources who spoke to RFE.

Since immigrating, Saipov has lived in multiple states – with addresses in Ohio, Florida and New Jersey. There’s some confusion about where Saipov lived when, and for how long, since it appears he moved around frequently.

It’s possible that Saipov, working as a trucker, split his time between the three states.

Saipov's mosque in Paterson, New Jersey has been under NYPD surveillance since 2005 (pictured above on Wednesday)

Saipov’s mosque in Paterson, New Jersey has been under NYPD surveillance since 2005 (pictured above on Wednesday)

While NBC News reported that Saipov got his commercial driver’s license in New Jersey in 2010, and later had it transferred to Florida, sources in Ohio say he lived there right after immigrating.

Dilnoza Abdusamatova, 24, told the Washington Post that Saipov stayed with her family in Cincinnati for his first two weeks in the country because their fathers were friends.

‘He always used to work,’ Dilnoza said told the Cincinnati Enquirer. ‘He wouldn’t go to parties or anything. He only used to come home and rest and leave and go back to work.’

She said that he cut off contact with them about a year later, when he got married and moved to Florida to work as a truck driver.

Records show that Saipov married fellow-Uzbek Nozima Odilova in Ohio in 2013. She was 19 years old at the time.

Pictured above is Saipov's former apartment building in Tampa, Florida. He also had an address in Fort Myers

TIMELINE OF THE MASSACRE

2:06pm

Saipov rents a truck from the Home Depot in Passaic, New Jersey.

2:43pm

Cameras on the George Washington Bridge show Saipov crossing into New York City.

3:04pm

Cameras outside the Holland Tunnel show Saipov entering the bike lane at West Street and Houston Street at a high rate of speed.

Saipov targets bicyclists and pedestrians in the south-bound lane. Eventually, crashing into a school bus at Chambers Street, where gets out and continues to terrorize bystanders.

3:08pm

Police receive more than a dozen 911 calls of a truck driver targeting bystanders in the bike lane, crashing into a school bus and getting out waiving a gun.

Two officers who were nearby at Stuyvesant High school for an unrelated call respond to the scene and notice Saipov walking around waiving a gun.

Officer Bryan Nash, a 28-year-old who has been on the force for five years, shoots Saipov in the abdomen, bringing the rampage to an end.

While Dilnoza says that Saipov started his trucking business in Florida, recrods show he actually started both of them in Ohio – going so far as to use her family’s home address for registration.

In 2011, he started Sayf Motors in Hamilton County, Ohio.

Two years later, he started another company in Cuyahoga Falls, Ohio –  Bright Auto LLC.

Bright Auto LLC is an active carrier registered with the U.S. Department of Transportation. Records show that the trucking company has one truck and one driver. The company said it could not confirm if the suspect had rented the vehicle, but they are cooperating with police.

One fellow Uzbek driver said that Saipov ran into issues working as a truck driver and was a mean-spirited person.

Mirrakhmat Muminov, 38, of Stow, Ohio, portrayed Saipov as an argumentative young man whose work was falling apart and who ‘was not happy with his life.’

Muminov said Saipov lost his insurance on his truck after his rates shot up because of a few traffic tickets, and companies stopped hiring him. Muminov said he heard from Saipov’s friends that Saipov’s truck engine blew up a few months ago in New Jersey.

He also said Saipov would get into arguments with his friends and family, tangling over even small things, such as going to a picnic with the Uzbek community.

‘He had the habit of disagreeing with everybody,’ Muminov said.

The above graphic shows how Saipov drove off the West Side Highway and onto the Hudson River bike path on Tuesday 

Kobiljon Matkarov, 37, said that he met Saipov in Florida about five years ago and they bonded over their shared Uzbek heritage.

‘He is very good guy, he is very friendly… he is like little brother… he look at me like big brother,’ he told The New York Post.

Matkarov says Saipov even invited him to his wedding in Ohio, but he couldn’t attend.

Matkarov visited New York City recently and said that Saipov drove his family to JFK airport as they were leaving.

Saipov was very friendly, he said, and good with children: ‘My kids like him too, he is always playing with them. He is playing all the time,’ he said – but added that when one of the children asked to take a photo with him, Saipov refused. ‘He no like that. He said no,’ Matkarov said.

Matkarov said he was shocked by the claim that his friend had murdered and injured more than a dozen people, and that he didn’t know of any terrorist connections he may have had.

Matkarov said he knew his friend had been working for Uber in New Jersey, a fact that the ride-sharing company has confirmed.

Uber said in a statement on Tuesday night: ‘We are horrified by this senseless of violence. Our hearts are with the victims and their families. We have reached out to law enforcement to provide our full assistance.’

The company said that he had passed a background check by the company and that they are now ‘aggressively’ reviewing his history with them, although they had not yet found any ‘concerning safety reports.’

The company added that he has been banned from the app.

People who know Saipov's parents back in Uzbekistan say the family is not religious. Saipov seen above moments after mowing down more than a dozen people on a bike path

Saipov is reportedly seen here holding his two fake guns after climbing out of the Home Depot truck. He ran about a block south of the crash before being shot. Records indicate he worked as an Uber driver and a commercial truck driver 

 
Saipov appears to have lived in both Fort Myers and Tampa, Florida. And though he had been living in New Jersey when he was arrested on Tuesday, he had a Florida driver’s license on him.

Neighbors at Saipov’s Tampa apartment complex told the Daily Beast that Saipov lived in a modest apartment with his wife, kids and an older woman who appeared to be his mother or mother in law.

They said he was often on the road for two weeks at a time because of his job. They said the family also left every summer. The last time they left, the family told neighbors that they were moving to New Jersey because Saipov’s job had been transferred.

Neighbor Melissa Matthews says the women of the household wore head scarves and were cold to her.

‘Most people you say hello to and they say hello back, but they didn’t,’ Matthews said.

But neighbor Kyong Eagan had fonder memories of Saipov.

She says that the terror suspect treated her like royalty, bringing her food, large cases of water and orange juice and household appliances his family no longer needed.

‘He always treated me like I was his mother,’ Eagan said. ‘He was kind of a nice neighbor. A real nice neighbor to have.’

Eagan said Saipov, who she described as soft-spoken, brought her home-cooked meals because he wanted her to learn about his culture.

‘I just can’t believe it at all. He was just so genuine. I’m just so shocked,’ she said.

Other Tampa neighbors said he should ‘fry’ for his killing spree.

Gloria Bailey, 71, learnt she was living in the alleged mass killer’s former apartment when the FBI knocked on her door Tuesday and a helicopter circled overhead.

‘If he did what they say he did, they need to fry him. If he took innocent lives they need to burn him. Locking him up isn’t good enough,’ she told DailyMail.com.

The grandmother of seven moved into the rented $48,000 condo 11 months ago and found the two-bedroom property clean and tidy when she arrived.

‘I’ve never seen the guy, I don’t know what was going on. I just know that he was living in my apartment previously because the management told me,’ she added.

‘All I do is go to work and go to church. But now I feel nervous, I feel scared. I know America is the land of opportunity but they need to do more screening than they do.

‘People are killing each other all over the world and they can all come here.’

Residents living at the Heritage At Tampa housing complex said they barely remembered Saipov who is believed to have lived there in 2015 when his driver’s license was registered to the address.

A statement issued by the property’s management company confirmed he was a former tenant but directed all questions to law enforcement.

Tatiana Colarte, 19, who used to walk her dog past Saipov’s former ground apartment every morning, said: ‘It’s so scary.

‘As soon as I saw a picture I recognized it was him. I can’t believe the man who carried out that act lived so close to me.’

Police probed an apartment complex address in Fort Myers, Florida on Tuesday night where terror suspect Saipov lived from 2010 to 2011.

Uniformed officers from the Fort Myers Police Department as well as unidentified plain clothed agents were seen entering a second floor condo and speaking to the current occupants, a couple with young children.

A police car was stationed outside the rented two-bed, $50,000 property on the Gulfstream Isles housing complex but law enforcement had left by Wednesday morning.

Neighbors told DailyMail.com they had no idea who Saipov was before they saw his face on the news and couldn’t remember him living there.

This is the rented Home Depot truck that plowed through cyclists and runners on the bicycle path. It only stopped when Saipov allegedly deliberately struck a schoolbus at an intersection

This is the rented Home Depot truck that plowed through cyclists and runners on the bicycle path. It only stopped when Saipov allegedly deliberately struck a schoolbus at an intersection

The side of the bus crumpled in, collapsing onto the chairs - and children - inside. Two children and two adults were hospitalized after the crash. One of the children was in critical condition

The side of the bus crumpled in, collapsing onto the chairs – and children – inside. Two children and two adults were hospitalized after the crash. One of the children was in critical condition

Shattered bicycles are seen here on the West Side Highway bike path where eight people were killed and at least 12 more injured. At least five of those who were killed had rented Citibikes before they were hit

Shattered bicycles are seen here on the West Side Highway bike path where eight people were killed and at least 12 more injured. At least five of those who were killed had rented Citibikes before they were hit

A vehicle is surrounded by a police perimeter in the parking lot of a Home Depot store in Passaic, New Jersey where authorities believe Saipov rented the truck used in the attack

A vehicle is surrounded by a police perimeter in the parking lot of a Home Depot store in Passaic, New Jersey where authorities believe Saipov rented the truck used in the attack

TERRORIST’S ACTIVITIES SINCE MOVING TO THE U.S.

March 2010: Immigrates to the U.S. from Uzbekistan. Stays with the Abdusamatov family in a Cincinnati suburb for his first two weeks.

April 2011: Gets a traffic violation in Hartford County, Maryland and lists an address in Fort Myers, Florida

May 2011: Starts Sayf Motors Inc., registering the business to the Abdumastov’s home address

April 12, 2013: Marries Nozima Odilova in Ohio

August 2012: Gets a ticket in Pennsylvania and lists a Paterson, New Jersey address

Sometime in 2012: Meets friend Kobiljon Matkarov in Florida, is allegedly living there at the time. Matkarov says Saipov lived in Fort Myers until 2014

August 2013: Starts Bright Auto LLC in Cuyahoga Falls, Ohio

March 2015: Gets ticket in Pennsylvania and gives officers a Paterson, New Jersey address

April 2016: Gets a traffic violation in Missouri and gives cops an address for Tampa, Florida

Late 2016 – Early 2017: Saipov’s mother visits him for about two months

Around April 2017: Starts working for Uber in NJ

September 2017: Saipov tells a friend that he’s thinking of moving back to Uzbekistan

In August 2012, he was pulled over in Palmyra, Pennsylvania and gave cops a Paterson, New Jersey address. He gave cops a Paterson address again in March 2015, when he was pulled over in Mount Holly Springs Borough, Pennsylvania.

The manager of Saipov’s local grocery store in Paterson, Farm Boy Super Fresh Supermarket on Getty Avenue, had a poor opinion of the man.

She claims that Saipov was an ‘erratic’ customer who berated the cashiers, the New York Post reported.

‘Every time he came here he was always erratic or arguing with the cashiers,’ the manager, who did not want to provide her name, said.

‘He would get angry very fast…. he would break the cans, dumb things,’ she said, adding that he was known for his rude behavior.

‘I feel like he was prejudiced to the cashiers – whether they were covered or not in a hijab – he would belittle them,’ she told The Post.

‘He was talking good English, proper, but he would call the cashiers dumb, uneducated – how they didn’t know how to scan the items.’

She also said that Saipov  argued often about the price of Canada Dry Ginger Ale.

‘Soda was the problem. He would come here and buy soda,’ she said. ‘He would give us a hard time on the 12-pack Canada Dry – if it was one price he would want his own price. It was always the soda, always a problem with the 12-pack of cans. Always a problem.’

One neighbor, 64-year-old Slavo Petrov, says he often sees Saipov going to mosque with his wife and kids, but he ‘never says good morning and never says good afternoon’.

Investigators work around the wreckage of the Home Depot pickup truck a day after the massacre

Investigators work around the wreckage of the Home Depot pickup truck a day after the massacre

Crime scene covered the scene, located in a usually bustling area of Manhattan 

Crime scene covered the scene, located in a usually bustling area of Manhattan

A large portion of the West Side Highway remained shut down on Wednesday so that officials could continue to investigate 

A large portion of the West Side Highway remained shut down on Wednesday so that officials could continue to investigate

It has since been revealed that Saipov’s mosque was also under surveillance by the NYPD.

According to NorthJersey.com, the NYPD has been studying the Omar Mosque in Paterson, near Saipov’s home,  as a possible location for ‘budding terrorist conspiracies’.

It doesn’t appear that criminal activity has been linked to the mosque but the report says it ‘is believed to have been the subject of federal investigations’.

ABC News also reports that Saipov was interviewed by federal agents two years ago about his alleged ties to two suspected terrorists.

Law enforcement sources told ABC that Saipov was interviewed as a potential ‘point of contact’ for two different men who were entered into the Counter-terrorism and Criminal Exploitation Unit’s list when they came to the U.S. from ‘threat countries’.

One of those men has since vanished and federal authorities are actively searching for him. The other is described as a ‘suspected terrorist’.

Saipov was never the center of any investigation, and his interviews with federal authorities did not raise suspicions enough for the FBI to start a case file on him.

Saipov also has a minor criminal record for traffic offenses in Missouri, Pennsylvania and Maryland.

He was pulled over in Maryland in 2011 and gave cops an address in Fort Myers, Florida.

In 2012 and 2015, he was pulled over twice in Pennsylvania and each time gave an address in Paterson, New Jersey

 His most recent traffic violation appears to have happened in April 2016, when he got a traffic violation in Missouri and said he was living in Tampa.

Each time he was cited for a traffic violation, Saipov pleaded guilty and paid a fine.

New York City Police Commissioner James O'Neill (center) stands with New York Governor Andrew Cuomo and (left) and Mayor Bill de Blasio during a news conference about the attack on Wednesday

New York City Police Commissioner James O’Neill (center) stands with New York Governor Andrew Cuomo and (left) and Mayor Bill de Blasio during a news conference about the attack on Wednesday

VICTIMS OF THE BIKE PATH TERROR ATTACK

Darren Drake, 32
Darren Drake, 32

Drake from New Milford, New Jersey, was taking a 15-minute afternoon break from his job at Moody’s Analytics nearby when he was struck.

His father said he had recently undergone weight loss surgery and cycled his bike to stay fit.

Drake’s grieving parents told The New York Post he that he had recently purchased a Citibike membership in a bid to lose weight.

They said he was ‘so smart’ and suggested that he may have been listening to an audio book when he was hit which they said they hoped meant he did not see the truck coming.

Nicholas Cleves, 23

Nicholas Cleves, 23 

Cleves is a resident of New York. He was identified along with Drake by the NYPD on Wednesday afternoon.

Cleves, 23, is a high school graduate and recently completed a degree in computer science from Skidmore College in Saratoga Springs.

He lived in Greenwich Street, near to where the truck began its rampage on the West Side Highway at Houston Street.

Shopkeepers in the area said Cleves was ‘warm’ and a ‘good person’. It is not clear if he was cycling or walking when he was hit.

Belgian tourist Ann-Laure Decadt, 31, 

Belgian tourist Ann-Laure Decadt, 31,

Mother-of-two Decadt was in New York with her two sisters and mother and was hit from behind as she traveled south on the bike path.

She died in New York Presbyterian Hospital after being rushed from the scene.

Her husband said she was a ‘wonderful’ mother to two young boys aged two and three-months.

He was notified that she had died in a phone call from hospital staff on Tuesday evening.

The woman’s mother and two sisters were not injured.

Five Argentinian friends visiting New York

Five men from a group of nine Argentinians who were in New York celebrating their 30th school reunion were killed.

The men were all on Citibikes and were struck cycling south along the path.

They are Hernan Diego Mendoza-Espino, 47,  Alegandro Damian Mendoza-Espino, 47,  Herman Ferruchi, 47, Diego Enrique, 47 and Ariel Erlis, 48.  

Five members of this group of Argentinian friends were also killed. They are Hernán Diego Mendoza (far left), Alejandro Damián Pagnucco (second from left), Ariel Erlij (third from left), Diego Enrique Angelini (second from right) and Hernán Ferruchi (third from right). A sixth friend, Martin Ludovico Marro (not pictured), was injured

 About an hour before the attack on Tuesday, Saipov rented a pick-up truck from a Home Depot in Passaic, New Jersey. He then drove the truck into the city over the George Washington Bridge, at the very northern tip of Manhattan, and made his way all the way down to lower Manhattan.

He crossed onto the Hudson River bike path at Houston Street, and then sped down the path nearly a mile – killing eight and injuring 12 while allegedly shouting ‘Allahu Akbar’.

He then waved a paintball gun in one hand and a pellet gun in the other, and was shot in the abdomen by a police officer.

Overnight FBI investigators searched through Saipov’s apartment in Paterson, and the white minivan he left behind at the Home Depot parking lot.

Investigators are also collecting video and pictures from the scene of the attack.

In addition to interviewing Saipov, investigators are also talking to his wife and are planning to track down his other contacts. A source told RFE that authorities in Uzbekistan interviewed Saipov’s mother, father and 17-year-old sister on Wednesday.

A makeshift memorial stands on a bike path in lower Manhattan on Wednesday where the terror attack was carrier out a day before 
 A makeshift memorial stands on a bike path in lower Manhattan on Wednesday where the terror attack was carrier out a day before

Five of the dead were part of a group from Argentina who were celebrating the 30-year anniversary of their high school graduation. Another victim was from Belgium and the other two were American. Two of the injured were staff members on a bus transporting children that Saipov slammed into at the end of his rampage.

Six people died at the scene and two more died at the hospital. Of the 12 others that were hospitalized, three have since been released. Four of the nine still hospitalized were in critical condition but are now stable. The rest are in serious condition.  The injuries ranged from a bilateral amputation to serious head and neck injuries, back trauma and trauma to the arms and legs.

Both New York City Mayor Bill de Blasio and New York Gov. Andrew Cuomo spoke at the Wednesday press conference.

‘This was an attack on the United States of America, an attack on New York City, an attack on our people,’ de Blasio said.

‘It was the definition of terror – an effort to take away people’s hopes and spirit and make them change.

‘And what New York has showed already is that we will not be changed. We will now be cowed, we will not be thrown off by anything,’ he added.

During the question and answer portion of the press conference, Cuomo criticized President Trump’s ‘politicization’ of the tragedy.

The aftermath took a political turn Wednesday when Trump said Saipov came to the U.S. under a visa lottery program — ‘a Chuck Schumer beauty,’ Trump called it in a reference to the Senate’s top Democrat.

Cuomo said it was not the time for such remarks – which he called ‘not helpful’ and ‘not factual’.

WHAT IS THE DIVERSITY VISA LOTTERY PROGRAM?

President Donald Trump pitted part of the blame for the latest New York City terror attack on one of the state’s senators, Chuck Schumer.

The terror suspect, 29-year-old Sayfullo Saipov, came to the U.S. in March 2010 from Uzbekistan, after winning a greencard through the Diversity Visa Lottery Program.

The program was enacted into law under the first President Bush in 1990, as part of a bi-partisan effort on immigration reform. The original bill was authored by Sen. Ted Kennedy, and Schumer was a co-sponsor of the bill.

The lottery is meant to benefit immigrants from under-represented ethnic groups, and was originally designed with the Irish in mind. As the years have gone by, the winners of the lottery have gotten more diverse, just like the name of the program. In 2015, nearly half the winners were African.

President Donald Trump complained Wednesday morning on Twitter that the terrorist who killed eight people Tuesday in New York entered the U.S. through a program that uses a lottery to award immigration visas
 President Donald Trump complained Wednesday morning on Twitter that the terrorist who killed eight people Tuesday in New York entered the U.S. through a program that uses a lottery to award immigration visas
The program, which awards visas mainly to people from countries that are under-represented in the U.S., was originally introduced by Sen. Chuck Schumer when he was a member of the House of Representatives

The program, which awards visas mainly to people from countries that are under-represented in the U.S., was originally introduced by Sen. Chuck Schumer when he was a member of the House of Representatives

Trump has argued for a 'merit-based' immigration system since at least March

Trump has argued for a ‘merit-based’ immigration system since at least March

Applicants who enter must have the equivalent of a high school degree and two years of work experience.

As many as 15 million prospective immigrants enter the lottery every year, but only 55,000 visas are awarded – 5.5 per cent of the about 1million who move to the U.S. every year.

The program is different from more traditional means of immigration.

Many people secure visas to move to the U.S. because they have desireable degrees, are going to study at a school or work for a specific employer. And of course there are those who secure visas through marriage.

In his comments on Wednesday, Trump blamed Schumer for the policy and said he wants all U.S. immigration to be merit-based (i.e. prospective immigrants must prove that they have something to offer).

‘The terrorist came into our country through what is called the ‘Diversity Visa Lottery Program,’ a Chuck Schumer beauty. I want merit based [immigration].

‘We are fighting hard for Merit Based immigration, no more Democrat Lottery Systems. We must get MUCH tougher (and smarter),’ the president tweeted.

Senate Minority Leader Chuck Schumer originally introduced the diversity visa program to an immigration bill in 1990 when he served in the House of Representatives

Senate Minority Leader Chuck Schumer originally introduced the diversity visa program to an immigration bill in 1990 when he served in the House of Representatives

Chuck Schumer fired back on Twitter, accusing President Trump of being eager to 'politicize a tragedy'

Chuck Schumer fired back on Twitter, accusing President Trump of being eager to ‘politicize a tragedy’

Later in the day, he held a press conference and promised to eradicate the program.

‘I am today starting the process of terminating the diversity lottery program,’ Trump told reporters before a midday Cabinet meeting. ‘It sounds nice. It’s not nice. It’s not good.’

While Schumer did indeed co-sponsor the bill nearly 30 years ago, he actually tried to end it in 2013 as part of the bi-partisan Gang of Eight immigration reform bill.

Schumer was part of the group of four Republicans and four Democrats that tried to pass the new immigration bill.

It never passed, but it if did it would have created a path to citizenship for undocumented immigrants already in the country, increased border security by adding up to 40,000 border patrol agents, instituted talent-based immigration program, increased visas and greencards for STEM students and placed restrictions on the oft-abused H-1B visa.

The other senators who authored the bill included the Democrats Michael Bennett, Dick Durbin and Robert Menendez and the Republicans Jeff Flake, Lindsay Graham, John McCain and Marco Rubio.

Schumer said Wednesday in a statement that he has ‘always believed and continue to believe that immigration is good for America.’

‘President Trump, instead of politicizing and dividing America, which he always seems to do at times of national tragedy, should be focusing on the real solution – anti-terrorism funding – which he proposed cutting in his most recent budget,’ Schumer said.

‘I’m calling on the President to immediately rescind his proposed cuts to this vital anti-terrorism funding.’

Below are the countries that saw the largest amount of Diversity Lottery winners in 2015. Saipov’s homeland of Uzbekistan makes it into the top 10.

THE TOP TEN (FY2015):

  • Cameroon: 5,000
  • Liberia: 5,000
  • Iran: 4,992
  • Egypt: 4,988
  • Ethiopia: 4,988
  • Democratic Republic of the Congo: 4,943
  • Ukraine: 4,679
  • Uzbekistan: 4,368
  • Russia: 4,103
  • Kenya: 3,534

http://www.dailymail.co.uk/news/article-5038871/Who-Uzbek-driver-mowed-innocents-NYC.html#ixzz4xIdXDecn

 

‘Send him to Gitmo’: Trump is considering banishing ‘animal’ New York terror suspect to military prison as WH brands him an enemy combatant

  • President Donald Trump told reporters on Wednesday that he might send terror suspect Sayfullo Saipov to the Guantanamo Bay military prison
  • ‘Send him to Gitmo,’ Trump said at the White House; ‘I would certainly consider that’
  • White House press secretary Sarah Sanders said later that Trump ‘wasn’t necessarily advocating for’ putting Saipov in Guantanamo 
  • Trump called Saipov ‘an animal’ a day after he allegedly moved down eight people in New York City with a rented truck, then yelled ‘Allahu Akbar’ 
  • The president said he’s begun winding down the ‘diversity’ visa lottery program, but he doesn’t have the legal authority to wipe it off the books
  • Sen. John McCain says Saipov committed an ‘act of war’ and should be treated as an ‘enemy combatant,’ interrogated and denied Miranda rights 

President Donald Trump said Wednesday that he would consider sending Sayfullo Saipov, the Uzbek national who plowed a rented truck through a bike lane full of cyclists and pedestrians on Tuesday, to the U.S. military prison at Guantanamo Bay, Cuba.

‘I would certainly consider that, yes. I would certainly consider that. Send him to Gitmo,’ Trump said.

White House press secretary Sarah Sanders told reporters hours later during a briefing that ‘the point he was making is that he supports – or would support that, but he wasn’t necessarily advocating for it.’

Trump ‘certainly would support it if he felt like that was the best move,’ she added cryptically.

Separately, Senate Armed Services Committee chairman John McCain, a Republican who has tangled with the president on taxes and Obamacare, said Saipov should be considered an ‘enemy combatant’ and denied Miranda rights by police.

President Donald Trump said as he began a cabinet meeting on Wednesday that he would consider sending suspected terrorist Sayfullo Saipov to the Guantanamo Bay military prison

Sayfullo Saipov was admitted to the U.S. in 2010 under the State Department's Diversity Immigrant Visa Program, and questions have arisen about whether he should have the same legal rights enjoyed by more ordinary criminal defendants

Sayfullo Saipov, the Uzbek national who plowed a rented truck through a bike lane full of cyclists and pedestrians on Tuesday, was admitted to the U.S. in 2010 under the State Department’s Diversity Immigrant Visa Program

The president also declared that he is already moving to terminate the State Department’s diversity-oriented visa lottery program, which granted Saipov entry into the United States in 2010.

‘I am today starting the process of terminating the diversity lottery program. I’m going to ask Congress to immediately initiate or get rid of this program,’ he said.

Trump called Saipov ‘an animal’ during remarks before a cabinet meeting at the White House.

‘He came in through the diversity program as you know, and we’re going to stop it,’ the president vowed.

On Capitol Hill, McCain said in a statement that Americans should recognize terror attacks as ‘acts of war.’

‘As such, the New York terror suspect should be held and interrogated – thoroughly, responsibly, and humanely– as an enemy combatant consistent with the Law of Armed Conflict,’ McCain added.

‘He should not be read Miranda Rights, as enemy combatants are not entitled to them. As soon as possible, the administration should notify Congress how it plans to proceed with the interrogation and trial of this suspect.’

Arizona Republican Sen. John McCain said Wednesday that international terror attacks are 'acts of war' and perpetrators should be considered 'enemy combatants'

Arizona Republican Sen. John McCain said terror attacks are ‘acts of war’ and perpetrators should be considered ‘enemy combatants’

South Carolina Sen. Lindsey Graham advocated for holding suspected terrorists without giving them Miranda rights, including the right to have an attorney

South Carolina Sen. Lindsey Graham advocates for holding suspected terrorists without giving them Miranda rights, including the right to have an attorney

South Carolina Republican Sen. Lindsey Graham also suggested grilling terror attackers without giving them the right to remain silent or an attorney.

Graham recommended on the Fox News Channel that authorities ‘Hold them for a long period of time, get to know them, interrogate them about what they know, where they got trained – if any training.’

‘And we’ll find out pretty soon more about this guy if you don’t read him his Miranda rights,’ he continued, ‘because that stops the interrogation.’

The president does not have the authority to unilaterally end the lottery program that was implemented by Congress in 1990.

He has endorsed Senate legislation that would replace it with a merit-based program, but it is not guaranteed to pass even if it comes to the floor for a vote.

The White House could order the State Department to reduce the maximum number of lottery visas awarded annually from 50,000 to as few as zero.

‘The “diversity lottery” – sounds nice. It’s not nice. It’s not good,’ Trump told reporters.

‘We want a merit-based program’ for immigration, Trump said, ‘where people come into our country based on merit.’

‘And we do not want chain migration, where ultimately someone like him will be allowed to bring in many, many members of his family,’ Trump said.

America's heavily fortified Guantanamo Bay prison camp, situated on leased land in Cuba, has been the home of suspected jihadi terrorists for decades

America’s heavily fortified Guantanamo Bay prison camp, situated on leased land in Cuba, has been the home of suspected jihadi terrorists for decades

There are only 41 prisoners left at 'Gitmo,' down from 242 when Barack Obama took office in 2009

Trump suggested that Americans were ‘suckers’ for supporting a system that allowed lax oversight of people allowed to fast-track their visa applications on the basis of a randomly drawn number.

‘We want people that are going to keep our country safe. We don’t want lotteries, where the wrong people are in the lotteries,’ he said.

‘And guess what? Who are the suckers that get those people.’

The president also complained about ‘being stopped by Democrats’ as he attempts to ‘get rid of this lottery program.’

‘We’re going to stop that,’ the president insisted.

Saipov was seen on video running through a lower Manhattan street as he yelled ‘Allahu akbar,’ just after mowing down eight people with a rented pickup truck.

Trump suggested on Wednesday that Americans were 'suckers' for supporting a system that allowed lax oversight of people allowed to fast-track their visa applications on the basis of a randomly drawn number

NYPD: Uzbek man ‘planned attack for number of weeks’

Trump has vowed to reverse the previous administration’s course on closing Guantanamo, which was one of former president Barack Obama’s earliest campaign promises – and one he never fulfilled.

Obama largely emptied out ‘Gitmo,’ as the terror-detention hellhole is known, reducing its population from 242 to just 41.

The prison camp has been the site of infamous torture techniques including waterboarding – which the president supported during his White House campaign.

‘Terrorists are constantly seeking to strike our nation and it will require the unflinching devotion to our law enforcement, homeland security and intelligence professionals to keep America safe,’ Trump said Wednesday

‘We have to get much tougher and we have to get much smarter,’ he added. ‘And we have to get much less politically correct. We’re so politically correct that we’re afraid to do anything.’

THE ‘DIVERSITY VISA’ LOTTERY

In the government fiscal year ending September 2015, the most recent year for which statistics are available, the State Department received about 9.4 million applications for Diversity Immigrant Visas.

The applications included petitions for another 5 million spouses and children who would be admitted to the U.S. with lottery winners, for a total of 14.4 million potential visa recipients.

About 125,000 of them were lottery-selected, giving them the right to apply for immigrant visas – a number that the State Department cut off at 50,000 on a first-come, first-served basis.

Uzbekistan was the 8th-highest represented nation among the lottery winners that year.

THE TOP TEN:

  • Cameroon: 5,000
  • Liberia: 5,000
  • Iran: 4,992
  • Egypt: 4,988
  • Ethiopia: 4,988
  • Democratic Republic of the Congo: 4,943
  • Ukraine: 4,679
  • Uzbekistan: 4,368
  • Russia: 4,103
  • Kenya: 3,534

 

White House says Saipov should be considered ‘enemy combatant’

A photo of Sayfullo Saipov is displayed at a news conference at One Police Plaza Wednesday, Nov. 1, 2017, in New York. Saipov is accused of driving a truck on a bike path that killed several and injured others Tuesday near One World Trade Center. (AP Photo/Craig Ruttle)

 – The Washington Times – Wednesday, November 1, 2017

The White House said Wednesday that it considers the New York terrorist attacker to be an enemy combatant, a status which would make him subject to military justice.

“I believe we would consider this person to be an enemy combatant, yes,” said White House press secretary Sarah Huckabee Sanders. “I think the actions that he took certainly justify that.”

Terrorist suspect Sayfullo Saipov, a native of Uzbekistan, is accused of killing eight people and injuring 11 others by mowing them down with a rented truck on a bike path in lower Manhattan Tuesday.

President Trump said he would consider sending Mr. Saipov to the Guantanamo Bay terrorist detention center. Mrs. Sanders said the president “wasn’t necessarily advocating for it.”

Asked about the president’s call for quicker and tougher justice in terrorism prosecutions, Mrs. Sanders said Mr. Trump “was simply expressing his frustration” with the lengthy legal process that often comes with such cases.

President Trump said he would consider sending Mr. Saipov to the Guantanamo Bay terrorist detention center. Mrs. Sanders said the president “wasn’t necessarily advocating for it.”

Asked about the president’s call for quicker and tougher justice in terrorism prosecutions, Mrs. Sanders said Mr. Trump “was simply expressing his frustration” with the lengthy legal process that often comes with such cases.

Justice Department spokesman Wyn Hornbuckle declined to comment Wednesday on whether there have been any discussions with the White House on sending Mr. Saipov to Guantanamo rather than filing criminal charges in a civilian court.

The question about whether Mr. Saipov could be subject to military justice or tried in the civilian courts comes amid developments in several high-profile terrorism trials in the federal courts.

A federal jury last month convicted Ahmad Khan Rahimi, a 29-year-old New Jersey man, of planting two pressure-cooker bombs in New York City in 2016, one of which exploded and injured 30 people.

The federal trial of Ahmed Abu Khattala, the alleged mastermind behind the deadly 2012 attack on an American compound in Benghazi, Libya, got underway last month. Federal prosecutors are still presenting evidence in that case at the federal courthouse in D.C.

According to Justice Department documents from 2015, federal civilian criminal courts had convicted 620 people on terrorism-related charges since the Sept. 11, 2001, terrorist attacks.

The number of convictions has continued to climb. A Fordham University School of Law analysis found that from March 2014 through August 2017, 135 people had been charged with and 77 people had been convicted of crimes linked to the Islamic State.

Since 2001, military commissions have resulted in eight convictions, with four overturned. The five people accused of conspiring in the Sept. 11 attacks have yet to go to trial after more than a decade in custody at Guantanamo.

Anthony D. Romero, executor director of the American Civil Liberties Union, said sending Mr. Saipov to Guantanamo or treating him as an enemy combatant would “violate due process and the rule of law.”

“The FBI and our federal court system are more than capable of dealing with terrorism cases, and Guantánamo was shown long ago to be an epic failure,” Mr. Romero said.

https://www.washingtontimes.com/news/2017/nov/1/wh-saipov-should-be-considered-enemy-combatant/

Trump orders Homeland Security to step up ‘extreme vetting’ in wake of NYC terror attack

President Trump announced that he has ordered Homeland Security to step up “extreme vetting” in the wake of the New York City attack that left eight people dead and 11 injured.

“I have just ordered Homeland Security to step up our already Extreme Vetting Program. Being politically correct is fine, but not for this!” he wrote.

I have just ordered Homeland Security to step up our already Extreme Vetting Program. Being politically correct is fine, but not for this!

Trump’s statement comes after a man described as a “lone wolf” deliberately drove a rented truck into a West Side bike path in lower Manhattan, in the first terror attack in New York City since 9/11, and just blocks from the World Trade Center.

Trump’s extreme-vetting policy on immigrants entails more stringent investigative measures intended to identify those who may sympathize with extremists or pose a national security risk to the United States.

On Wednesday, Trump called for “Merit Based immigration,” saying on Twitter that the driver in Tuesday’s attack “came into our country through what is called the ‘Diversity Visa Lottery Program,’ a Chuck Schumer beauty.”

Officials said the attacker is an immigrant from Uzbekistan who came to the U.S. legally in 2010. They haven’t said whether he came in through the Diversity Immigrant Visa Program, which covers immigrants from countries with low rates of immigration to the U.S.

Trump tweeted, “We are fighting hard for Merit Based immigration, no more Democrat Lottery Systems. We must get MUCH tougher (and smarter).”

On Tuesday, the driver brandished two fake guns when he exited the truck after the multi-block rampage which left a trail of mangled bodies and twisted bikes. He yelled “Allahu Akbar,” which is the Arabic phrase for “God is great.”

A high-ranking police source told PIX11 News the suspect has been identified as 29-year-old Sayfullo Saipov. He’s a resident of Tampa, Fla., who arrived in the United States in 2010 from Uzbekistan, sources told PIX11 News.

Under an executive order Trump signed earlier this year, the United States had temporarily halted admissions for refugees from all countries, with some exceptions. The end-date written into the order came and went last week with no new order from Trump to extend it, according to a State Department official, who wasn’t authorized to comment by name and requested anonymity.

Refugees seeking entry to the U.S. will face what officials described as more stringent and thorough examination of their backgrounds, in line with Trump’s “extreme vetting” policy for immigrants. The Homeland Security Department, the State Department and other U.S. agencies have been reviewing the screening process during the temporary ban.

Trump orders Homeland Security to step up ‘extreme vetting’ in wake of NYC terror attack

Diversity Immigrant Visa

From Wikipedia, the free encyclopedia

The five-year (2006–2010) legal immigration rate per country’s total 2005 population, defined as all those who received legal permanent residence in all categories, including regular immigrantsrefugees and asylees, diversity lottery winners, NACARA/HRIFA beneficiaries, and others.

The Diversity Immigrant Visa program, also known as the green card lottery, is a United States congressionally mandated lottery program for receiving a United States Permanent Resident Card. The Immigration Act of 1990 established the current and permanent Diversity Visa (DV) program.

The lottery is administered by the Department of State and conducted under the Immigration and Nationality Act (INA) as amended by the Immigration Act of 1990. The lottery makes available 50,000 permanent resident visas annually and aims to diversify the immigrant population in the United States, by selecting applicants from countries with low rates of immigration in the five years prior.

Attempts have been made to end the program since 2005. In 2017 it received widespread attention after eight people were killed in a terrorist attack by a recipient of a Diversity Immigrant Visa.

Requirements

To enter the lottery, applicants must have been born in an eligible country. If selected, to qualify for the immigrant visa, they must have completed at least a high school education or at least two years of work experience in an occupation which requires at least two other years of training or experience.[1] They must also satisfy general immigration requirements, such as means of support, no criminal background, and good health.

Eligibility is determined by the applicant’s country of birth. In some cases the applicant may use a parent’s or spouse’s country of birth instead. The country of residence or nationality is irrelevant.[1]

Distribution and lottery process

Regions and eligible countries for the Diversity Visa lottery

The visas are distributed among six regions: AfricaAsiaEurope (TurkeyCyprus and all countries in the former Soviet Union are allocated to Europe, even though some of them are geographically entirely in Asia), Latin America (MexicoCentral America, the Caribbean and South America), North America (consisting only of Canada and the Bahamas), and Oceania.[1][2]

Dependent territories are treated as part of their respective sovereign countries, and disputed territories are allocated as recognized by the United States. For example, Bermuda is treated as part of the United Kingdom under Europe, the Gaza Strip is considered part of Egypt under Africa, and the West Bank is considered part of Jordan under Asia. However, there are some exceptions: Northern IrelandHong Kong and Taiwan are treated as separate countries, and Macau is considered part of Portugal under Europe (even after its sovereignty returned to China in 1999).[1]

Each region that sent more than one sixth of the total number of immigrants to the United States in the previous five years is considered a “high-admission region” (currently Latin America and Asia), and each region that sent less than one sixth is a “low-admission region” (currently North America, Europe, Africa and Oceania). The proportion of Diversity Visas given to the low-admission group is set as the proportion of recent immigrants from the high-admission group (currently about 80%),[3] and vice versa. Among regions of the same group, the Diversity Visas are allocated proportionally to their population, excluding ineligible countries (those that sent more than 50,000 immigrants in the previous five years).[2]

There is a limitation that no single country may receive more than 7% of the total Diversity Visas (3,500).[1] Although only 50,000 Diversity Visas are available each year, the lottery selects about 100,000 applicants. The reason for the larger selection is to ensure that all 50,000 Diversity Visas are eventually given each year, since some applicants may not satisfy general immigration requirements or may decide not to continue the process. As a result, some lottery winners might not obtain a visa.[4] It is also possible that some visas remain available even after all initially selected applicants are reviewed. In this case, additional applicants are selected later. For this reason, applicants who were not initially selected in the lottery should keep checking their status online periodically, until the end of the respective fiscal year.[5]

History

Legislative and Administrative

Starting in 1986, the United States established several temporary immigrant visa programs outside of the usual immigration preferences (family members or by employment). The first program was NP-5, run from 1987 to 1989, where a limited number of visas was issued on a first-come, first-served basis. The second program was OP-1, run through a lottery from 1989 to 1991 and available for natives of countries with low levels of recent immigration to the United States. The third program, AA-1, ran from 1992 to 1994 and was available for natives from a select group of countries that had been “adversely affected” by earlier immigration laws. Intentionally and in practice, people from Ireland and Northern Ireland benefited disproportionally from these programs. They were also known as the DonnellyBerman and Morrison visas, respectively, after the congressmen who sponsored each one.[6][7][8][9]

The Immigration Act of 1990 established the current and permanent Diversity Visa (DV) program, where 55,000 immigrant visas (later reduced to 50,000) are available in an annual lottery. The lottery aims to diversify the immigrant population in the United States, by selecting applicants mostly from countries with low rates of immigration to the United States in the previous five years.[9] Starting in fiscal year 1999, 5,000 of the visas from the DV program are reserved for use by the NACARA program, so the number of immigrant visas available in the lottery is reduced to 50,000.[10]

The first DV lottery, for fiscal year 1995, was named DV-1.[11] For fiscal years 1996 to 1999, the name was in the format DV-YY, where YY was the last two digits of the year.[12][13][14][15] The lotteries since fiscal year 2000 have been named in the format DV-YYYY, with the full year number.[16] The year in the name refers to the fiscal year when the immigrant visas will be given, which starts in October of the previous calendar year, and the entry period for the lottery occurs almost a year earlier. Therefore, there is a two-year difference between the lottery name and its entry period. For example, for DV-2017 (fiscal year starting in October 2016), the entry period was in 2015.[1]

Initially, the DV lottery was administered entirely by mail, and only winners were notified. The entry form moved to an online system starting in DV-2005, but still only winners were notified, by mail.[6] Starting in DV-2010, all applicants are able to verify online whether they were selected.[17] Notification of winners also by mail continued until DV-2011, but since DV-2012 it is done exclusively online.[18]

Efforts to Repeal

In December 2005, the United States House of Representatives voted 273–148 to add an amendment to the border enforcement bill H.R. 4437 abolishing the DV. Opponents of the lottery said it was susceptible to fraud and was a way for terrorists to enter the country. The Senate never passed the bill.

In March 2007, Congressman Bob Goodlatte (R-VA) introduced H.R. 1430, which would eliminate the Diversity Visa program. In June 2007, the U.S. House passed H.R. 2764 to eliminate funding for the program, and the Senate did likewise in September.[19] However, the final version of this bill with amendments, signed into law on December 26, 2007, did not include the removal of funds for the program. Several attempts have been made over the last several years to eliminate the lottery. Although H.R. 2764 was an appropriation bill and could only cut funds for the lottery during one fiscal year, this was the first time that both the House and the Senate passed a bill to halt the Diversity Visa program. H.R. 2764

Rep. Goodlatte reintroduced his Security and Fairness Enhancement for America Act (formerly H.R. 1430, now H.R. 2305) on May 7, 2009. The bill would have amended the Immigration and Nationality Act to eliminate the diversity immigrant program completely, but did not pass. Rep. Sheila Jackson-Lee (D-TX) introduced the Save America Comprehensive Immigration Act of 2009 (H.R. 264) on January 7, 2009. The bill would have doubled the number of Diversity Visas available to 110,000 yearly. The bill did not pass.[20] If it had passed, the Border Security, Economic Opportunity, and Immigration Modernization Act of 2013 would have abolished the program in fiscal year 2015. A comprehensive analysis of DV lottery issues was prepared in 2011 by Congressional Research Service.[21]

Terrorism

In 2002 Hesham Mohamed Hadayet, an Egyptian immigrant who maintained residency in United States through his wife’s Diversity Visa[22]killed two people and injured four others at Los Angeles International Airport.[23][24][25] In 2017 Sayfullo Habibullaevich Saipov, who had immigrated from Uzbekistan on a Diversity Visa, killed eight and injured eleven when he drove his truck down a bike path in Lower Manhattan.[26][27]

Ineligible countries

Those born in any territory that has sent more than 50,000 immigrants to the United States in the previous five years are not eligible to receive a Diversity Visa. For DV-2019, natives of the following nations are ineligible: BangladeshBrazilCanadaChina (mainland-born), ColombiaDominican RepublicEl SalvadorHaitiIndiaJamaicaMexicoNigeriaPakistanPeruPhilippinesSouth KoreaUnited Kingdom (except Northern Ireland) and its dependent territories, and Vietnam.[28]

Exemptions

The term 50,000 “immigrants” refers only to people who immigrated via the family-sponsored, employment, or immediate relatives of U.S. citizen categories, and does not include other categories such as refugees, asylum seekers, NACARA beneficiaries, or previous diversity immigrants. It is for this reason that CubaIraqMyanmarIranEthiopiaNepalGuatemalaEcuador and Egypt are not on the ineligible list as of 2016 despite sending over 50,000 immigrants in the previous five years.[29]Northern Ireland has a special exemption, with natives able to enter the lottery despite the rest of the United Kingdom being ineligible.

Changes

The first program was in fiscal year 1995, and the following 13 countries were ineligible from the start: Canada, China (mainland), Dominican Republic, El Salvador, Haiti, India, Jamaica, Mexico, Philippines, South Korea, Taiwan, United Kingdom (except Northern Ireland) and its dependent territories, and Vietnam. Since then, Bangladesh, Brazil, Colombia, Nigeria, Pakistan and Peru have been added to the ineligible list and are currently on it, Taiwan has been removed from it, and Ecuador, Guatemala, Poland and Russia have been on it at times, reflecting the changing levels of immigration from these countries.

Of the eight most populous countries in the world, all are ineligible except Indonesia. Of the next 11 most populous countries, eight are eligible, of which six are among the heaviest users of the lottery (RussiaEthiopiaEgyptDemocratic Republic of the CongoIran and Turkey); each of these countries was assigned close to the maximum possible ~4,500 openings for DV-2019 (along with AlbaniaNepalUkraine and Uzbekistan).[4]

Historical eligibility for the Diversity Immmigrant Visa lottery
Country Fiscal year
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
 Bangladesh Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No
 Brazil Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No No No No
 Canada No No No No No No No No No No No No No No No No No No No No No No No No No
 China No No No No No No No No No No No No No No No No No No No No No No No No No
 Colombia Yes No No No No No No No No No No No No No No No No No No No No No No No No
 Dominican Republic No No No No No No No No No No No No No No No No No No No No No No No No No
 Ecuador Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No Yes Yes
 El Salvador No No No No No No No No No No No No No No No No No No No No No No No No No
 Guatemala Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No Yes Yes Yes Yes Yes Yes
 Haiti No No No No No No No No No No No No No No No No No No No No No No No No No
 India No No No No No No No No No No No No No No No No No No No No No No No No No
 Jamaica No No No No No No No No No No No No No No No No No No No No No No No No No
 Mexico No No No No No No No No No No No No No No No No No No No No No No No No No
 Nigeria Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No
 Pakistan Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No No No No No No No No No No
 Peru Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No No No No
 Philippines No No No No No No No No No No No No No No No No No No No No No No No No No
 Poland Yes Yes Yes No No No No Yes Yes Yes Yes Yes No No No No No No Yes Yes Yes Yes Yes Yes Yes
 Russia Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
 South Korea No No No No No No No No No No No No No No No No No No No No No No No No No
 Taiwan No No No No No No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
 United Kingdom No No No No No No No No No No No No No No No No No No No No No No No No No
 Vietnam No No No No No No No No No No No No No No No No No No No No No No No No No
Others Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

Statistics

Applicants (including derivatives)[30][31][32][4]
Region DV-2007 DV-2008 DV-2009 DV-2010 DV-2011 DV-2012 DV-2013 DV-2014 DV-2015 DV-2016 DV-2017 DV-2018
Africa 3,901,066 4,150,726 4,372,522 5,105,274 5,812,139 6,304,186 6,783,699 7,500,487 6,586,260 N/A N/A N/A
Asia 2,732,805 3,506,073 6,401,172 6,175,452 7,870,896 10,102,185 1,863,169 2,384,168 2,720,578 N/A N/A N/A
Europe 1,910,410 2,120,916 2,174,715 2,154,567 2,593,074 3,022,506 3,512,521 4,434,266 4,731,913 N/A N/A N/A
Latin America 489,144 243,694 192,447 126,168 193,932 200,712 377,386 266,272 315,667 N/A N/A N/A
North America 1,968 2,647 3,193 2,624 3,793 3,717 3,356 3,657 3,585 N/A N/A N/A
Oceania 34,834 40,260 40,964 33,743 37,674 38,962 37,224 45,120 39,884 N/A N/A N/A
Total 9,070,227 10,064,316 13,185,013 13,597,828 16,511,508 19,672,268 12,577,355 14,633,970 14,397,887 17,573,350 19,344,586 23,088,613
Selected applicants (including derivatives)[30][31][32]
Region DV-2007 DV-2008 DV-2009 DV-2010 DV-2011 DV-2012 DV-2013 DV-2014 DV-2015 DV-2016 DV-2017 DV-2018
Africa 43,998 52,823 53,979 54,003 51,004 50,000 52,080 61,942 58,000 45,034 38,500 49,392
Asia 11,929 14,142 14,002 15,001 14,999 15,002 16,045 23,270 20,002 15,002 13,499 15,997
Europe 21,939 26,150 27,921 29,803 30,999 31,001 33,088 46,589 40,000 27,011 28,500 41,706
Latin America 3,097 1,845 1,893 1,982 2,001 2,002 2,206 4,620 3,999 3,000 1,951 4,995
North America 12 17 12 18 18 15 16 23 14 16 10 15
Oceania 1,398 1,713 1,801 1,803 1,600 2,001 2,193 4,215 3,499 1,500 1,450 3,863
Total 82,373 96,690 99,608 102,610 100,621 100,021 105,628 140,659 125,514 91,563 83,910 115,968
Proportion of applicants who were selected
Region DV-2007 DV-2008 DV-2009 DV-2010 DV-2011 DV-2012 DV-2013 DV-2014 DV-2015 DV-2016 DV-2017 DV-2018
Africa 1.13% 1.27% 1.23% 1.06% 0.88% 0.79% 0.77% 0.83% 0.88% N/A N/A N/A
Asia 0.44% 0.40% 0.22% 0.24% 0.19% 0.15% 0.86% 0.98% 0.74% N/A N/A N/A
Europe 1.15% 1.23% 1.28% 1.38% 1.20% 1.03% 0.94% 1.05% 0.85% N/A N/A N/A
Latin America 0.63% 0.76% 0.98% 1.57% 1.03% 1.00% 0.58% 1.74% 1.27% N/A N/A N/A
North America 0.61% 0.64% 0.38% 0.69% 0.47% 0.40% 0.48% 0.63% 0.39% N/A N/A N/A
Oceania 4.01% 4.25% 4.40% 5.34% 4.25% 5.14% 5.89% 9.34% 8.77% N/A N/A N/A
Total 0.91% 0.96% 0.76% 0.75% 0.61% 0.51% 0.84% 0.96% 0.87% 0.52% 0.43% 0.50%

Criticism

Critics have called for ending the program citing fraud and the random nature of the lottery.[33][34] Others have noted the risk of terrorism, citing a 2002 terror attack by an Egyptian immigrant who maintained residency in United States through his wife’s Diversity Visa.[22][35][36] Following a 2017 terrorist attack by another Diversity Visa recipient, President Donald Trump, who had earlier called for a return to a “merit-based” immigration system,[37][38] called for an end to the program.[39][40]

Fraud

There is no charge to enter the Diversity Visa lottery, and the only way to do so is by completing and sending the electronic form available at the U.S. Department of State’s website during the registration period. However, there are numerous companies and websites that charge a fee in order to complete the form for the applicant. The Department of State and the Federal Trade Commission have warned that some of these businesses falsely claim to increase someone’s chances of winning the lottery, or that they are affiliated with the U.S. government.[41]

There have also been numerous cases of fraudulent emails and letters which falsely claim to have been sent by the Department of State and that the recipient has been granted a Permanent Resident Card. These messages prompt the recipients to transfer a “visa processing fee” as a prerequisite for obtaining a “guaranteed” green card. The messages are sometimes sent to people who never participated in the lottery and can look trustworthy as they contain the recipient’s exact name and contact details and what appears to be a legal notice.

The Department of State has issued a warning against the scammers. It notes that any email claiming the recipient to be a winner of the lottery is fake because the Department has never notified and will not notify winners by email. The Department has urged recipients of such messages to notify the Internet Crime Complaint Center about the scam.[42] The office of inspector general identified multiple problems with DV lottery in several countries, including Ukraine, Ghana, Albania in embassy inspection reports.[43][44][45] According to testimony from Stephen A. Edson before the House Judiciary Committee, “in Bangladesh, for example, one agent is reported to have enrolled an entire phone book so that he could then either extort money from winning applicants who had never entered the program to begin with or sell their winning slots to others.”[46]

References

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

Story 2: Trump Expected To Name Jerome Powell As Next Federal Reserve Chairman Replacing Chair Janet Yellen — A Dove or Continuation of Interventionist Easy Monetary Policy — Better Choice Was John Taylor — Taylor For Fed Chair and Powell for Vice Chair — Videos

Bill Gross on Fed Chair Candidates, Bonds, U.S. Deficit

Bill Gross on the Future of Asset Management and the Fed

Who is Jerome Powell?

Trump leaning toward Jerome Powell for Fed Chair: sources

The Economic Club of New York Event – Jerome Powell

Published on Jun 28, 2017
Thursday June 1, 2017 Jerome Powell Governor, Federal Reserve System

Powell Is a Force at the Federal Reserve, Says Wallace

End The Fed? … Libertarian Republicans? … #AskRonPaul

President Trump Sells Out Candidate Trump’s Federal Reserve Campaign Promises

KEYNOTE ADDRESS – Jerome H. Powell

Trump Said to Be Leaning Toward Powell for Fed Chair

Powell, Taylor Said to Be Leading Fed Chair Choices

Trump: Fed’s a very important position

Published on Oct 23, 2017
President Donald Trump on tech regulations, the Federal Reserve, NAFTA, the outlook for U.S. economic growth and defense spending.

Alan Greenspan Is ‘Nervous’ Bond Prices Are Too High

Published on Aug 1, 2016
July 28 — Alan Greenspan, former Federal Reserve chairman and founder of Greenspan Associates, discusses nervousness over bond prices and moving into currencies to counter negative interest rates, as well as dealing with uncertainties in the global economy. He speaks with Bloomberg’s Alix Steel on “Bloomberg ‹GO›.”

Greenspan: You Can’t Fix U.S. Economy Until You Fix Entitlements

Published on Dec 14, 2016
Dec.13 — Former Federal Reserve Chairman Alan Greenspan discusses his outlook for productivity and U.S. economic growth. He speaks with Bloomberg’s David Westin.

Who will be next Fed chair?

BVTV: The race to be next Fed chair

The Men Who Will Soon Run The Federal Reserve – What You Need To Know

A Powell, Taylor Fed Hawkish to Markets, Says Zentner

What John Taylor Would Bring to the Federal Reserve

Published on Oct 17, 2017
Oct.17 — David Riley, head of credit strategy at Bluebay Asset Management, and Ed Perks, chief investment officer at Franklin Templeton Multi-Asset Solutions, examine what John Taylor would offer as Federal Reserve Chairman. They speak on “Bloomberg Daybreak: Americas.”

Interview with Professor John Taylor

The Fed Should Raise Rates to Help the Economy – John Taylor

Published on Nov 13, 2015

The Federal Reserve should return to conventional monetary policy as soon as possible as higher interest rates would be beneficial to the U.S. economy, said noted economist John Taylor of Stanford University. Taylor spoke with TheStreet during a conference called ‘Rethinking Monetary Policy,’ which was held at the Cato Institute in Washington D.C. Thursday. ‘To me the rethinking in some sense is going back and seeing why things worked well when they did in the ‘80s and ’90s until this period,’ said Taylor. ‘Rethinking means adapting some of the things that we forgot.’ Taylor argues that unconventional Fed policy, which was enacted in response to the financial crisis, has in some ways been detrimental. ‘The world has suffered in a way from being off track, from these very unusual policies. And so fixing that, getting back to where I think the Fed wants to go, would be an improvement,’ explained Taylor. ‘Just globally speaking, it’s not been a very successful decade,’ he added. Taylor argues for a rules-based policy system for Central Banks, saying it would lead to less volatility in policy making. TheStreet’s Rhonda Schaffler reports.

John B. Taylor’s Keynote Address: Monetary Rules for a Post-Crisis World

Monetary Policy Based on the Taylor Rule

Debate on the “Neutral” Interest Rate: Opening Presentations

Debate on the “Neutral” Interest Rate: John Taylor’s Take

Debate on the “Neutral” Interest Rate: Audience Q&A

A Powell, Taylor Fed Hawkish to Markets, Says Zentner

5 Keys to Restoring America’s Prosperity: John B. Taylor

In his new book, First Principles: Five Keys to Restoring America’s Prosperity, Stanford University professor of economics John B. Taylor, details the not-so-secret ingredients to rebuilding American’s economic future: predictable policy, rule of law, strong incentives, reliance on markets, and a clearly limited role for government. “America can be great again, economically speaking,” Taylor explains, “it’s just more recently where we’ve gone off track.” Taylor sat down with Reason Magazine Managing Editor Katherine Mangu-Ward to discuss his book, the principles that underlie America’s economic supremacy and what’s gone wrong over the past decade. Taylor is the Raymond Professor of Economics at Stanford University and the George Shultz Senior Fellow at Stanford’s Hoover Institution. He was Treasury Under Secretary for International Affairs from 2001 to 2005. His previous books include Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis.

John B. Taylor “How Government Interventions Caused the Financial Crisis.”

Author John B. Taylor discusses his book “Getting Off Track — How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis,” with Reason.tv’s Michael C. Moynihan.

Is the Fed Making the Crisis Worse? – John B. Taylor

Uncommon Knowledge with John B. Taylor

Economist Lee Says Taylor Can Be One of Best Fed Chairs

The Fed Should Raise Rates to Help the Economy – John Taylor

Trump to Tap Jerome Powell as Next Fed Chairman

The president is expected to announce his decision Thursday

Federal Reserve governor Jerome Powell spoke in Washington on Oct. 3. He has been on the board of governors since 2012.
Federal Reserve governor Jerome Powell spoke in Washington on Oct. 3. He has been on the board of governors since 2012. PHOTO:JOSHUA ROBERTS/REUTERS

If confirmed by the Senate, Mr. Powell would succeed Fed Chairwoman Janet Yellen, the central bank’s first female leader, whose four-year term as Fed chief expires in early February.

In his five years at the Fed, Mr. Powell has been a reliable ally of Ms. Yellen and would likely continue the Fed’s current cautious approach to reversing the central bank’s crisis-era stimulus policies as the economy expands.

That would mean gradually raising short-term interest rates in quarter-percentage-point steps through 2020 while slowly shrinking the Fed’s $4.2 trillion portfolio of Treasury and mortgage-backed securities it purchased to lower long-term rates.

Mr. Powell’s nomination would mark the first time in nearly four decades that a new president hasn’t asked the serving Fed leader to stay on for another term, even though that person was nominated by a president of a different party. The last time a first-term president didn’t do that was in 1978, when President Jimmy Carter chose G. William Miller to succeed Arthur Burns.

The president spoke with Mr. Powell on Tuesday, according to people familiar with the matter who couldn’t describe what they discussed.

Mr. Trump had settled on Mr. Powell by Saturday, but people familiar with the process had cautioned that he could change his mind. The president plans to formally announce the decision Thursday before he leaves for a trip to Asia on Friday.

Reached by phone Wednesday, both Mr. Powell and Ms. Yellen declined to comment. A Fed spokeswoman also declined to comment.

Ms. Yellen was one of five finalists for the position, along with Stanford University economics professor John Taylor, former Fed governor Kevin Warsh and National Economic Council Director Gary Cohn.

Mr. Taylor and Mr. Warsh didn’t respond to requests seeking comment Wednesday. Mr. Cohn’s spokeswoman didn’t immediately respond to a request for comment.

Mr. Trump said in a video last week that he had “somebody very specific in mind” for the job. “It will be a person who hopefully will do a fantastic job,” Mr. Trump said in a video posted to Instagram, adding, “I think everybody will be very impressed.”

Fed officials began raising their benchmark federal-funds rate in December 2015 after holding it near zero for seven years following the financial crisis. They voted in June to lift rates to a range between 1% and 1.25% and in October started the process of slowly shrinking the Fed’s bond portfolio.

FED SPEECH ANALYZER

“The economy is as close to our assigned goals as it has been for many years,” Mr. Powell said in June. If it continues growing as expected, “I would view it as appropriate to continue to gradually raise rates.”

Officials have penciled in one more rate increase this year. But they indicated in September such increases are likely to end at a lower point than they had previously projected—at a longer-run level of around 2.75%—considerably lower than where officials have stopped raising rates in the past.

Mr. Trump told The Wall Street Journal in July, “I’d like to see rates stay low.”

The Fed on Wednesday left short-term interest rates unchanged, but signaled it would consider lifting them before year’s end amid signs the economy is gaining momentum.

Mr. Powell has never dissented on a Fed monetary or regulatory policy vote and in speeches hasn’t deviated far from the board’s consensus.

Where he could lead a shift is on regulatory policy. He has advocated loosening some of the financial rules adopted by the Fed and other agencies since the crisis, a position that meshes with Mr. Trump’s deregulatory agenda. Mr. Powell has suggested softening the Volcker rule barring banks from using their own money to make risky bets and easing some bank stress tests.

He also has endorsed reviewing some of the supervisory duties imposed on banks’ boards of directors to prevent them from being burdened with “an ever-increasing checklist.”

“More regulation is not the best answer to every problem,” Mr. Powell said in a speech in early October.

How Fed Chairs Have Fared

A look at various Fed regimes, and how they used interest rates to manage inflation, growth and the economy

*Seasonally adjusted †Change from a year earlier in the price index for personal-consumption expenditures

Source: Federal Reserve Bank of St. Louis

“To some extent he offers Trump the best of both worlds. You get broadly speaking continuity of Yellen’s careful and relatively dovish approach to monetary policy but with somebody who is a card-carrying Republican and who is significantly more inclined to revisit some of the postcrisis regulations,” said Krishna Guha, vice chairman at Evercore ISI and a former New York Fed official.

Karen Petrou, managing partner of the financial-services consulting firm Federal Financial Analytics, said Mr. Powell’s recent remarks on regulation “were certainly much more flexible than [Ms. Yellen] has been.”

Mr. Powell, a lawyer, would be the first Fed leader in three decades without a Ph.D. in economics. Before joining the Fed board, Mr. Powell worked as an investment banker in New York City, as Treasury undersecretary for financial institutions in the George H.W. Bush administration, as a partner at the Carlyle Group and as a scholar at the Bipartisan Policy Center.

That background could serve him well, said Aaron Klein, an economic studies fellow at the Brookings Institution and director of the Center on Regulation and Markets.

“The Federal Reserve’s mandate has grown significantly since the financial crisis,” he said. “With a broader mandate, one should expect broader and more diverse backgrounds of potential good fits for a chair.”

“He would represent continuity of the Fed system and culture but a break from the predominance of monetary policy as the core background of the chair,” Mr. Klein said.

The decision marks the culmination of an unusually public and drawn-out search for one of the top economic policy-making jobs in the world.

Mr. Trump upended the usually staid selection process by openly weighing the pros and cons of various candidates and asking lawmakers, businesspeople and media personalities for their input.

Mr. Trump polled GOP senators last month on their preferred choice at a lunch on Capitol Hill, and said he was still considering “two, and maybe three” people for the job.

Mr. Trump has other opportunities to reshape the central bank. Randal Quarles, his first nominee to the Fed’s powerful seven-member board of governors, took office in October. Three other seats remain open.

Nominations for all board positions, including chairman and vice chairman, are subject to Senate confirmation.

Mr. Powell should have little trouble winning Senate approval, but his views could clash with those of some Republican senators who have criticized him for supporting the Fed’s easy-money and postcrisis regulatory policies.

He won confirmation to the Fed with bipartisan support in the Senate twice before: to fill an unfinished governor’s term in 2012 and for a full term in 2014. Some Republicans have suggested he could face difficult questions from his own side of the aisle. “I think we should move in a different direction,” from current Fed policies, Sen. Pat Toomey (R., Pa.) said last month about the possibility of a Powell nomination.

Write to Kate Davidson at kate.davidson@wsj.com, Peter Nicholas at

https://www.wsj.com/articles/trump-to-tap-feds-jerome-powell-for-fed-chairman-1509568166

Taylor rule

From Wikipedia, the free encyclopedia

In economics, a Taylor rule is a reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes in inflationoutput, or other economic conditions. In particular, the rule describes how, for each one-percent increase in inflation, the central bank tends to raise the nominal interest rate by more than one percentage point. This aspect of the rule is often called the Taylor principle. Although such rules may serve as concise, descriptive proxies for central bank policy, and are not explicitly proscriptively considered by central banks when setting nominal rates.

The rule was first proposed by John B. Taylor,[1] and simultaneously by Dale W. Henderson and Warwick McKibbin in 1993.[2] It is intended to foster price stability by systematically reducing uncertainty and increasing the credibility of future actions by the central bank. It may also avoid the inefficiencies of time inconsistency from the exercise of discretionary policy.[3] The Taylor rule synthesized, and provided a compromise between, competing schools of economics thought in a language devoid of rhetorical passion.[4] Although many issues remain unresolved and views still differ about how the Taylor rule can best be applied in practice, research shows that the rule has advanced the practice of central banking.[5]

As an equation

According to Taylor’s original version of the rule, the nominal interest rate should respond to divergences of actual inflation rates from target inflation rates and of actual Gross Domestic Product (GDP) from potential GDP:

{\displaystyle i_{t}=\pi _{t}+r_{t}^{*}+a_{\pi }(\pi _{t}-\pi _{t}^{*})+a_{y}(y_{t}-{\bar {y}}_{t}).}i_{t}=\pi _{t}+r_{t}^{*}+a_{\pi }(\pi _{t}-\pi _{t}^{*})+a_{y}(y_{t}-{\bar y}_{t}).

In this equation, {\displaystyle \,i_{t}\,}\,i_{t}\, is the target short-term nominal interest rate (e.g. the federal funds rate in the US, the Bank of England base rate in the UK), {\displaystyle \,\pi _{t}\,}\,\pi _{t}\, is the rate of inflation as measured by the GDP deflator{\displaystyle \pi _{t}^{*}}\pi _{t}^{*} is the desired rate of inflation, {\displaystyle r_{t}^{*}}r_{t}^{*} is the assumed equilibrium real interest rate, {\displaystyle \,y_{t}\,}\,y_{t}\, is the logarithm of real GDP, and {\displaystyle {\bar {y}}_{t}}{\bar y}_{t} is the logarithm of potential output, as determined by a linear trend.

In this equation, both {\displaystyle a_{\pi }}a_{{\pi }} and {\displaystyle a_{y}}a_{y} should be positive (as a rough rule of thumb, Taylor’s 1993 paper proposed setting {\displaystyle a_{\pi }=a_{y}=0.5}a_{{\pi }}=a_{y}=0.5).[6] That is, the rule “recommends” a relatively high interest rate (a “tight” monetary policy) when inflation is above its target or when output is above its full-employment level, in order to reduce inflationary pressure. It recommends a relatively low interest rate (“easy” monetary policy) in the opposite situation, to stimulate output. Sometimes monetary policy goals may conflict, as in the case of stagflation, when inflation is above its target while output is below full employment. In such a situation, a Taylor rule specifies the relative weights given to reducing inflation versus increasing output.

The Taylor principle

By specifying {\displaystyle a_{\pi }>0}a_{{\pi }}>0, the Taylor rule says that an increase in inflation by one percentage point should prompt the central bank to raise the nominal interest rate by more than one percentage point (specifically, by {\displaystyle 1+a_{\pi }}1+a_{{\pi }}, the sum of the two coefficients on {\displaystyle \pi _{t}}\pi _{t} in the equation above). Since the real interest rate is (approximately) the nominal interest rate minus inflation, stipulating {\displaystyle a_{\pi }>0}a_{{\pi }}>0 implies that when inflation rises, the real interest rate should be increased. The idea that the real interest rate should be raised to cool the economy when inflation increases (requiring the nominal interest rate to increase more than inflation does) has sometimes been called the Taylor principle.[7]

Alternative versions of the rule

Effective federal funds rate and prescriptions from alternate versions of the Taylor Rule

While the Taylor principle has proved very influential, there is more debate about the other terms that should enter into the rule. According to some simple New Keynesian macroeconomic models, insofar as the central bank keeps inflation stable, the degree of fluctuation in output will be optimized (Blanchard and Gali call this property the ‘divine coincidence‘). In this case, the central bank does not need to take fluctuations in the output gap into account when setting interest rates (that is, it may optimally set {\displaystyle a_{y}=0}a_{y}=0.) On the other hand, other economists have proposed including additional terms in the Taylor rule to take into account financial conditions: for example, the interest rate might be raised when stock prices, housing prices, or interest rate spreads increase.

• Taylor Rule 1993 – the original definition by John Taylor with {\displaystyle a_{\pi }=a_{y}=0.5}{\displaystyle a_{\pi }=a_{y}=0.5}

• Taylor Rule 1999 – adapted and updated by John Taylor in a new research paper: {\displaystyle a_{\pi }=0.5,a_{y}\geq 0}{\displaystyle a_{\pi }=0.5,a_{y}\geq 0}

Empirical relevance

Although the Federal Reserve does not explicitly follow the Taylor rule, many analysts have argued that the rule provides a fairly accurate summary of US monetary policy under Paul Volcker and Alan Greenspan.[8][9] Similar observations have been made about central banks in other developed economies, both in countries like Canada and New Zealand that have officially adopted inflation targeting rules, and in others like Germany where the Bundesbank‘s policy did not officially target the inflation rate.[10][11] This observation has been cited by ClaridaGalí, and Gertler as a reason why inflation had remained under control and the economy had been relatively stable (the so-called ‘Great Moderation‘) in most developed countries from the 1980s through the 2000s.[8] However, according to Taylor, the rule was not followed in part of the 2000s, possibly leading to the housing bubble.[12][13] Certain research has determined that some households form their expectations about the future path of interest rates, inflation, and unemployment in a way that is consistent with Taylor-type rules.[14]

Criticisms

Athanasios Orphanides (2003) claims that the Taylor rule can misguide policy makers since they face real-time data. He shows that the Taylor rule matches the US funds rate less perfectly when accounting for these informational limitations and that an activist policy following the Taylor rule would have resulted in an inferior macroeconomic performance during the Great Inflation of the seventies.[15]

In 2015, financial manager Bill Gross said the Taylor rule “must now be discarded into the trash bin of history”, in light of tepid GDP growth in the years after 2009.[16] Gross believed low interest rates were not the cure for decreased growth, but the source of the problem.

See also

References

  1. Jump up^ Taylor, John B. (1993). “Discretion versus Policy Rules in Practice” (PDF). Carnegie-Rochester Conference Series on Public Policy39: 195–214. (The rule is introduced on page 202.)
  2. Jump up^ Henderson, D. W.; McKibbin, W. (1993). “A Comparison of Some Basic Monetary Policy Regimes for Open Economies: Implications of Different Degrees of Instrument Adjustment and Wage Persistence”. Carnegie-Rochester Conference Series on Public Policy39: 221–318. doi:10.1016/0167-2231(93)90011-K.
  3. Jump up^ Taylor, John (2012). First Principles: Five Keys to Restoring America’s Economic Prosperity. New York: W.W. Norton & Company, Inc. p. 126
  4. Jump up^ Kahn, George A.; Asso, Pier Francesco; Leeson, Robert (2007). “The Taylor Rule and the Transformation of Monetary Policy”. Federal Reserve Bank of Kansas City Working Paper 07-11SSRN 1088466Freely accessible.
  5. Jump up^ Asso, Pier Francesco; Kahn, George A.; Leeson, Robert (2010). “The Taylor Rule and the Practice of Central Banking”. Federal Reserve Bank of Kansas City Working Paper 10-05SSRN 1553978Freely accessible.
  6. Jump up^ Athanasios Orphanides (2008). “Taylor rules,” The New Palgrave Dictionary of Economics, 2nd Edition. v. 8, pp. 2000-2004, equation (7).Abstract.
  7. Jump up^ Davig, Troy; Leeper, Eric M. (2007). “Generalizing the Taylor Principle”. American Economic Review97 (3): 607–635. JSTOR 30035014doi:10.1257/aer.97.3.607.
  8. Jump up to:a b Clarida, Richard; Galí, Jordi; Gertler, Mark (2000). “Monetary Policy Rules and Macroeconomic Stability: Theory and Some Evidence”. Quarterly Journal of Economics115 (1): 147–180. JSTOR 2586937doi:10.1162/003355300554692.
  9. Jump up^ Lowenstein, Roger (2008-01-20). “The Education of Ben Bernanke”The New York Times.
  10. Jump up^ Bernanke, Ben; Mihov, Ilian (1997). “What Does the Bundesbank Target?”. European Economic Review41 (6): 1025–1053. doi:10.1016/S0014-2921(96)00056-6.
  11. Jump up^ Clarida, Richard; Gertler, Mark; Galí, Jordi (1998). “Monetary Policy Rules in Practice: Some International Evidence”. European Economic Review42 (6): 1033–1067. doi:10.1016/S0014-2921(98)00016-6.
  12. Jump up^ Taylor, John B. (2008). “The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong” (PDF).
  13. Jump up^ Taylor, John B. (2009). Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis. Hoover Institution Press. ISBN 0-8179-4971-2.
  14. Jump up^ Carvalho, Carlos; Nechio, Fernanda (2013). “Do People Understand Monetary Policy?”. Federal Reserve Bank of San Francisco Working Paper 2012-01SSRN 1984321Freely accessible.
  15. Jump up^ Orphanides, A. (2003). “The Quest for Prosperity without Inflation”. Journal of Monetary Economics50 (3): 633–663. doi:10.1016/S0304-3932(03)00028-X.
  16. Jump up^ Bill Gross (July 30, 2015). “Gross: Low rates are the problem, not the solution”CNBC. Retrieved July 30, 2015.

External links

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

Real interest rate

From Wikipedia, the free encyclopedia

Yields on inflation-indexed government bonds of selected countries and maturities.

The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate.

If, for example, an investor were able to lock in a 5% interest rate for the coming year and anticipated a 2% rise in prices, they would expect to earn a real interest rate of 3%.[1] The expected real interest rate is not a single number, as different investors have different expectations of future inflation. Since the inflation rate over the course of a loan is not known initially, volatility in inflation represents a risk to both the lender and the borrower.

In the case of contracts stated in terms of the nominal interest rate, the real interest rate is known only at the end of the period of the loan, based on the realized inflation rate; this is called the ex-post real interest rate. Since the introduction of inflation-indexed bondsex-ante real interest rates have become observable.[2]

Risks

In economics and finance, an individual who lends money for repayment at a later point in time expects to be compensated for the time value of money, or not having the use of that money while it is lent. In addition, they will want to be compensated for the risks of having less purchasing power when the loan is repaid. These risks are systematic risks, regulatory risks and inflation risks. The first includes the possibility that the borrower will default or be unable to pay on the originally agreed upon terms, or that collateral backing the loan will prove to be less valuable than estimated. The second includes taxation and changes in the law which would prevent the lender from collecting on a loan or having to pay more in taxes on the amount repaid than originally estimated. The third takes into account that the money repaid may not have as much buying power from the perspective of the lender as the money originally lent, that is inflation, and may include fluctuations in the value of the currencies involved.

Nominal interest rates include all three risk factors, plus the time value of the money itself.
Real interest rates include only the systematic and regulatory risks and are meant to measure the time value of money.

The “real interest rate” in an economy is often considered to be the rate of return on a risk free investment, such as US Treasury notes, minus an index of inflation, such as the rate of change of the CPI or GDP deflator.

Fisher equation

The relation between real and nominal interest rates and the expected inflation rate is given by the Fisher equation

{\displaystyle 1+i=(1+r)(1+\pi _{e})}1+i=(1+r)(1+\pi _{e})

where

i = nominal interest rate;
r = real interest rate;
{\displaystyle \pi _{e}}\pi _{e} = expected inflation rate.

For example, if somebody lends $1000 for a year at 10%, and receives $1100 back at the end of the year, this represents a 10% increase in her purchasing power if prices for the average goods and services that she buys are unchanged from what they were at the beginning of the year. However, if the prices of the food, clothing, housing, and other things that she wishes to purchase have increased 25% over this period, she has in fact suffered a real loss of about 15% in her purchasing power. (Notice that the approximation here is a bit rough; since 1.1/1.25 = 0.88 = 1 – 0.12, the actual loss of purchasing power is exactly 12%.

Variations in inflation

The inflation rate will not be known in advance. People often base their expectation of future inflation on an average of inflation rates in the past, but this gives rise to errors. The real interest rate ex-post may turn out to be quite different from the real interest rate (ex-ante real interest rate) that was expected in advance. Borrowers hope to repay in cheaper money in the future, while lenders hope to collect on more expensive money. When inflation and currency risks are underestimated by lenders, then they will suffer a net reduction in buying power.

The complexity increases for bonds issued for a long term, where the average inflation rate over the term of the loan may be subject to a great deal of uncertainty. In response to this, many governments have issued real return bonds, also known as inflation-indexed bonds, in which the principal value and coupon rises each year with the rate of inflation, with the result that the interest rate on the bond approximates a real interest rate. (E.g., the three-month indexation lag of TIPS can result in a divergence of as much as 0.042% from the real interest rate, according to research by Grishchenko and Huang.[3]) In the US, Treasury Inflation Protected Securities (TIPS) are issued by the US Treasury.

The expected real interest rate can vary considerably from year to year. The real interest rate on short term loans is strongly influenced by the monetary policy of central banks. The real interest rate on longer term bonds tends to be more market driven, and in recent decades, with globalized financial markets, the real interest rates in the industrialized countries have become increasingly correlated. Real interest rates have been low by historical standards since 2000, due to a combination of factors, including relatively weak demand for loans by corporations, plus strong savings in newly industrializing countries in Asia. The latter has offset the large borrowing demands by the US Federal Government, which might otherwise have put more upward pressure on real interest rates.

Related is the concept of “risk return”, which is the rate of return minus the risks as measured against the safest (least-risky) investment available. Thus if a loan is made at 15% with an inflation rate of 5% and 10% in risks associated with default or problems repaying, then the “risk adjusted” rate of return on the investment is 0%.

Importance in economic theory

Effective federal funds rate and prescriptions from alternate versions of the Taylor Rule

The amount of physical investment—in particular the purchasing of new machines and other productive capacity—that firms engage in depends on the level of real interest rates, because such purchases typically must be financed by issuing new bonds. If real interest rates are high, the cost of borrowing may exceed the real physical return of some potentially purchased machines (in the form of output produced); in that case those machines will not be purchased. Lower real interest rates would make it profitable to borrow to finance the purchasing of a greater number of machines.

The real interest rate is used in various economic theories to explain such phenomena as the capital flightbusiness cycle and economic bubbles. When the real rate of interest is high, that is, demand for credit is high, then money will, all other things being equal, move from consumption to savings. Conversely, when the real rate of interest is low, demand will move from savings to investment and consumption. Different economic theories, beginning with the work of Knut Wicksell have had different explanations of the effect of rising and falling real interest rates. Thus, international capital moves to markets that offer higher real rates of interest from markets that offer low or negative real rates of interest triggering speculation in equities, estates and exchange rates.

Real federal funds rate

In setting monetary policy, the U.S. Federal Reserve (and other central banks) establish an interest rate at which they lend to banks. This is the federal funds rate. By setting this rate low, they can encourage borrowing and thus economic activity; or the reverse by raising the rate. Like any interest rate, there are a nominal and a real value defined as described above. Further, there is a concept called the “equilibrium real federal funds rate” (r*), alternatively called the “natural rate of interest” or the “neutral real rate”, which is the “level of the real federal funds rate, if allowed to prevail for several years, [that] would place economic activity at its potential and keep inflation low and stable.” There are various methods used to estimate this amount, using tools such as the Taylor Rule. It is possible for this rate to be negative.[4]

Negative real interest rates

The real interest rate solved from the Fisher equation is

{\displaystyle {\frac {1+i}{1+\pi }}-1=r}{\frac {1+i}{1+\pi }}-1=r

If there is a negative real interest rate, it means that the inflation rate is greater than the nominal interest rate. If the Federal funds rate is 2% and the inflation rate is 10%, then the borrower would gain 7.27% of every dollar borrowed per year.

{\displaystyle {\frac {1+0.02}{1+0.1}}-1=-0.0727}{\frac {1+0.02}{1+0.1}}-1=-0.0727

Negative real interest rates are an important factor in government fiscal policy. Since 2010, the U.S. Treasury has been obtaining negative real interest rates on government debt, meaning the inflation rate is greater than the interest rate paid on the debt.[5] Such low rates, outpaced by the inflation rate, occur when the market believes that there are no alternatives with sufficiently low risk, or when popular institutional investments such as insurance companies, pensions, or bond, money market, and balanced mutual funds are required or choose to invest sufficiently large sums in Treasury securities to hedge against risk.[6][7]Lawrence Summers stated that at such low rates, government debt borrowing saves taxpayer money, and improves creditworthiness.[8][9] In the late 1940s through the early 1970s, the US and UK both reduced their debt burden by about 30% to 40% of GDP per decade by taking advantage of negative real interest rates, but there is no guarantee that government debt rates will continue to stay so low.[6][10] Between 1946 and 1974, the US debt-to-GDP ratio fell from 121% to 32% even though there were surpluses in only eight of those years which were much smaller than the deficits.[11]

See also

References

  1. Jump up^ https://docs.google.com/fileview?id=0B_Qxj5U7eaJTZTJkODYzN2ItZjE3Yy00Y2M0LTk2ZmUtZGU0NzA3NGI4Y2Y5&hl=en&pli=1 page 24
  2. Jump up^ “FRB: Speech with Slideshow–Bernanke, Long-Term Interest Rates–March 1, 2013”http://www.federalreserve.gov. Retrieved 2017-03-07.
  3. Jump up^ Grishchenko, Olesya V.; Jing-zhi Huang (June 2012). “Inflation Risk Premium: Evidence from the TIPS Market” (PDF). Finance and Economics Discussion Series. Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Retrieved 26 May 2013.
  4. Jump up^ U.S. Federal Reserve-Remarks by Vice Chairman Roger W. Ferguson Jr. October 29, 2004
  5. Jump up^ Saint Louis Federal Reserve (2012) “5-Year Treasury Inflation-Indexed Security, Constant Maturity” FRED Economic Data chart from government debt auctions (the x-axis at y=0 represents the inflation rate over the life of the security)
  6. Jump up to:a b Carmen M. Reinhart and M. Belen Sbrancia (March 2011) “The Liquidation of Government Debt” National Bureau of Economic Research working paper No. 16893
  7. Jump up^ David Wessel (August 8, 2012) “When Interest Rates Turn Upside Down” Wall Street Journal (full text)
  8. Jump up^ Lawrence Summers (June 3, 2012) “Breaking the negative feedback loop” Reuters
  9. Jump up^ Matthew Yglesias (May 30, 2012) “Why Are We Collecting Taxes?” Slate
  10. Jump up^ William H. Gross (May 2, 2011) “The Caine Mutiny (Part 2)”PIMCO Investment Outlook
  11. Jump up^ “Why the U.S. Government Never, Ever Has to Pay Back All Its Debt” The Atlantic, February 1, 2013

External links

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

John B. Taylor

From Wikipedia, the free encyclopedia
John Taylor
JohnBTaylor.jpg
Personal details
Born John Brian Taylor
December 8, 1946 (age 70)
Yonkers, New YorkU.S.
Political party Republican
Education Princeton University (BA)
Stanford University (PhD)
Academic career
Field Monetary economics
School or
tradition
New Keynesian economics
Doctoral
advisor
Theodore Wilbur Anderson[1]
Doctoral
students
Lawrence J. Christiano
Influences Milton Friedman
Paul Volcker
E. Philip Howrey
Alan Greenspan
Contributions Taylor rule
Information at IDEAS / RePEc

John Brian Taylor (born December 8, 1946) is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University’s Hoover Institution.[2]

Born in Yonkers, New York, he graduated from Shady Side Academy[3] and earned his A.B. from Princeton University in 1968 and Ph.D. from Stanford in 1973, both in economics. He taught at Columbia University from 1973–1980 and the Woodrow Wilson School and Economics Department of Princeton University from 1980–1984 before returning to Stanford. He has received several teaching prizes and teaches Stanford’s introductory economics course as well as Ph.D. courses in monetary economics.[4]

In research published in 1979 and 1980 he developed a model of price and wage setting—called the staggered contract model—which served as an underpinning of a new class of empirical models with rational expectations and sticky prices—sometimes called new Keynesian models.[5][6] In a 1993 paper he proposed the Taylor rule,[7] intended as a recommendation about how nominal interest rates should be determined, which then became a rough summary of how central banks actually do set them. He has been active in public policy, serving as the Under Secretary of the Treasury for International Affairs during the first term of the George W. Bush Administration. His book Global Financial Warriors chronicles this period.[8] He was a member of the President’s Council of Economic Advisors during the George H. W. Bush Administration and Senior Economist at the Council of Economic Advisors during the Ford and Carter Administrations.

In 2012 he was included in the 50 Most Influential list of Bloomberg Markets Magazine. Thomson Reuters lists Taylor among the ‘citation laureates‘ who are likely future winners of the Nobel Prize in Economics.[9]

Academic contributions

Taylor’s research—including the staggered contract model, the Taylor rule, and the construction of a policy tradeoff (Taylor) curve[10] employing empirical rational expectations models[11]—has had a major impact on economic theory and policy.[12] Former Federal Reserve Chairman Ben Bernanke has said that Taylor’s “influence on monetary theory and policy has been profound,”[13] and Federal Reserve Chair Janet Yellen has noted that Taylor’s work “has affected the way policymakers and economists analyze the economy and approach monetary policy.”[14]

Taylor contributed to the development of mathematical methods for solving macroeconomic models under the assumption of rational expectations, including in a 1975 Journal of Political Economy paper, in which he showed how gradual learning could be incorporated in models with rational expectations;[15] a 1979 Econometrica paper in which he presented one of the first econometric models with overlapping price setting and rational expectations,[16] which he later expanded into a large multicountry model in a 1993 book Macroeconomic Policy in a World Economy,[11] and a 1983 Econometrica paper,[17] in which he developed with Ray Fair the first algorithm to solve large-scale dynamic stochastic general equilibrium models which became part of popular solution programs such as Dynare and EViews.[18]

In 1977, Taylor and Edmund Phelps, simultaneously with Stanley Fischer, showed that monetary policy is useful for stabilizing the economy if prices or wages are sticky, even when all workers and firms have rational expectations.[19] This demonstrated that some of the earlier insights of Keynesian economics remained true under rational expectations. This was important because Thomas Sargent and Neil Wallace had argued that rational expectations would make macroeconomic policy useless for stabilization;[20] the results of Taylor, Phelps, and Fischer showed that Sargent and Wallace’s crucial assumption was not rational expectations, but perfectly flexible prices.[21] These research projects together could considerably deepen our understanding of the limits of the policy-ineffectiveness proposition.[22]

Taylor then developed the staggered contract model of overlapping wage and price setting, which became one of the building blocks of the New Keynesian macroeconomics that rebuilt much of the traditional macromodel on rational expectations microfoundations.[23][24]

Taylor’s research on monetary policy rules traces back to his undergraduate studies at Princeton.[25][26] He went on in the 1970s and 1980s to explore what types of monetary policy rules would most effectively reduce the social costs of inflation and business cycle fluctuations: should central banks try to control the money supply, the price level, or the interest rate; and should these instruments react to changes in output, unemployment, asset prices, or inflation rates? He showed[27] that there was a tradeoff—later called the Taylor curve[28]—between the volatility of inflation and that of output. Taylor’s 1993 paper in the Carnegie-Rochester Conference Series on Public Policy proposed that a simple and effective central bank policy would manipulate short-term interest rates, raising rates to cool the economy whenever inflation or output growth becomes excessive, and lowering rates when either one falls too low.[7] Taylor’s interest rate equation has come to be known as the Taylor rule, and it is now widely accepted as an effective formula for monetary decision making.[29]

A key stipulation of the Taylor rule, sometimes called the Taylor principle,[30] is that the nominal interest rate should increase by more than one percentage point for each one-percent rise in inflation. Some empirical estimates indicate that many central banks today act approximately as the Taylor rule prescribes, but violated the Taylor principle during the inflationary spiral of the 1970s.[31]

Recent research

Taylor’s recent research has been on the financial crisis that began in 2007 and the world economic recession. He finds that the crisis was primarily caused by flawed macroeconomic policies from the U.S. government and other governments. Particularly, he focuses on the Federal Reserve which, under Alan Greenspan, a personal friend of Taylor, created “monetary excesses” in which interest rates were kept too low for too long, which then directly led to the housing boom in his opinion.[32] He also believes that Freddie Mac and Fannie Mae spurred on the boom and that the crisis was misdiagnosed as a liquidity rather than a credit risk problem.[33] He wrote that, “government actions and interventions, not any inherent failure or instability of the private economy, caused, prolonged, and worsen the crisis.”[34]

Taylor’s research has also examined the impact of fiscal policy in the recent recession. In November 2008, writing for The Wall Street Journal opinion section, he recommended four measures to fight the economic downturn: (a) permanently keeping all income tax ratesthe same, (b) permanently creating a worker’s tax credit equal to 6.2 percent of wages up to $8,000, (c) incorporating “automatic stabilizers” as part of overall fiscal plans, and (d) enacting a short-term stimulus plan that also meets long term objectives against waste and inefficiency. He stated that merely temporary tax cuts would not serve as a good policy tool.[35] His research[36] with John Cogan, Tobias Cwik, and Volcker Wieland showed that the multiplier is much smaller in new Keynesian than in old Keynesian models, a result that was confirmed by researchers at central banks.[37] He evaluated the 2008 and 2009 stimulus packages and argued that they were not effective in stimulating the economy.[38]

In a June 2011 interview on Bloomberg Television, Taylor stressed the importance of long term fiscal reform that sets the U.S. federal budget on a path towards being balanced. He cautioned that the Fed should move away from quantitative easing measures and keep to a more static, stable monetary policy. He also criticized fellow economist Paul Krugman‘s advocacy of additional stimulus programs from Congress, which Taylor said will not help in the long run.[39] In his 2012 book First Principles: Five Keys to Restoring America’s Prosperity, he endeavors to explain why these reforms are part of a broader set of principles of economic freedom.

Selected publications

Reprinted in Taylor, John B. (1991), “Staggered wage setting in a macro model”, in Mankiw, N. Gregory; Romer, David, New Keynesian economics, volume 1, Cambridge, Massachusetts: MIT Press, pp. 233–42, ISBN 9780262631334.
  • Taylor, John B. (September 1979). “Estimation and control of a macroeconomic model with rational expectations”. EconometricaWiley47 (5): 1267–86. JSTOR 1911962doi:10.2307/1911962.
  • Taylor, John B. (December 1980). “Scale economies, product differentiation, and the pattern of trade”. The American Economic ReviewAmerican Economic Association70 (5): 950–59. JSTOR 1805774. Pdf.
  • Taylor, John B. (1986), ‘New econometric approaches to stabilization policy in stochastic models of macroeconomic fluctuations’. Ch. 34 of Handbook of Econometrics, vol. 3, Z. Griliches and M.D. Intriligator, eds. Elsevier Science Publishers.
  • Taylor, John B. (December 1993). “Discretion versus policy rules in practice”Carnegie-Rochester Conference Series on Public PolicyElsevier39: 195–214. doi:10.1016/0167-2231(93)90009-L. Pdf.
  • Taylor, John B. (1999), “An historical analysis of monetary policy rules”, in Taylor, John B., Monetary policy rules, Chicago: University of Chicago Press, ISBN 9780226791265.
  • Taylor, John B. (2007). Global financial warriors: the untold story of international finance in the post-9/11 world. New York: W.W. Norton. ISBN 9780393064483.
  • Taylor, John B. (2008), “Housing and monetary policy”, in Reserve Bank of Kansas City, Housing, housing finance, and monetary policy: a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 30-September 1, 2007, Kansas City, Missouri: Reserve Bank of Kansas City, pp. 463–76, OCLC 170267547
  • Taylor, John B. (2009), “The financial crisis and the policy response: an empirical analysis of what went wrong”, in Bank of Canada Staff, Festschrift in honour of David Dodge’s contributions to Canadian public policy: proceedings of a conference held by the Bank of Canada, November, 2008, Ottawa: Bank of Canada, pp. 1–18, ISBN 9780660199276.
  • Taylor, John B. (2009). Getting off track: how government actions and interventions caused, prolonged, and worsened the financial crisis. Stanford, California: Hoover Institution Press. ISBN 9780817949716.
  • Taylor, John B.; Shultz, George P.; Scott, Kenneth, eds. (2009). Ending government bailouts as we know them. Stanford, California: Hoover Institution Press. ISBN 9780817911287.
  • Taylor, John B.; Ryan, Paul D. (30 November 2010). “Refocus the Fed on price stability instead of bailing out fiscal policy”Investor’s Business Daily. Archived from the original on 13 April 2011.
  • Taylor, John B. (2012). First principles: five keys to restoring America’s prosperity. New York: W.W. Norton. ISBN 9780393345452.

See also

Further reading

References

  1. Jump up^ Taylor, John B. (September 24, 2016). “The Statistical Analysis of Policy Rules”economicsone.com. Economics One (A blog by John B. Taylor). Retrieved October 2, 2016.
  2. Jump up^ “Hoover Institution Senior Fellow: Biography”Hoover Institution. Retrieved 27 October 2011.
  3. Jump up^ “Notable alumni”shadysideacademy.orgShady Side Academy.
  4. Jump up^ Taylor, John B. “Curriculum vitae” (pdf). Stanford University.
  5. Jump up^ Taylor, John B. (May 1979). “Staggered wage setting in a macro model”. The American Economic ReviewAmerican Economic Association69 (2): 108–113. JSTOR 1801626.
    Reprinted in Taylor, John B. (1991), “Staggered wage setting in a macro model”, in Mankiw, N. Gregory; Romer, David, New Keynesian economics, volume 1, Cambridge, Massachusetts: MIT Press, pp. 233–242, ISBN 9780262631334.
  6. Jump up^ Taylor, John B. (February 1980). “Aggregate dynamics and staggered contracts”Journal of Political EconomyChicago Journals88 (1): 1–23. JSTOR 1830957doi:10.1086/260845.
  7. Jump up to:a b Taylor, John B. (December 1993). “Discretion versus policy rules in practice”Carnegie-Rochester Conference Series on Public PolicyElsevier39: 195–214. doi:10.1016/0167-2231(93)90009-L. Pdf.
  8. Jump up^ Taylor, John B. (2007). Global financial warriors: the untold story of international finance in the post-9/11 world. New York: W.W. Norton. ISBN 9780393064483.
  9. Jump up^ “Hall of ‘citation laureates’ (in economics)”science.thomsonreuters.com. Thomson-Reuters.
  10. Jump up^ Taylor, John B. (September 1979). “Estimation and control of a macroeconomic model with rational expectations”EconometricaWiley47 (5): 1267–86. JSTOR 1911962doi:10.2307/1911962. Pdf.
    Reprinted in Taylor, John B. (1981), “Estimation and control of a macroeconomic model with rational expectations”, in Lucas, Jr., Robert E.; Sargent, Thomas J., Rational expectations and econometric practice, Minneapolis: University of Minnesota Press, ISBN 9780816610983.
  11. Jump up to:a b Taylor, John B. (1993). Macroeconomic policy in a world economy: from econometric design to practical operation. New York: W.W. Norton. ISBN 9780393963168.
  12. Jump up^ Ben Bernanke refers to the “three concepts named after John that are central to understanding our macroeconomic experience of the past three decades—the Taylor curve, the Taylor rule, and the Taylor principle.” in “Opening Remarks,” Conference on John Taylor’s Contributions to Monetary Theory and Policy
  13. Jump up^ Bernanke, Ben (2007). Opening Remarks. Remarks at the Conference on John Taylor’s Contributions to Monetary Theory and Policy.
  14. Jump up^ Yellen, Janet (2007). Policymaker Roundtable (PDF).Remarks at the Conference on John Taylor’s Contributions to Monetary Theory and Policy.
  15. Jump up^ Taylor, John B. (October 1975). “Monetary policy during a transition to rational expectations”Journal of Political EconomyChicago Journals83 (5): 1009–22. JSTOR 1830083doi:10.1086/260374.
  16. Jump up^ Taylor, John B. (September 1979). “Estimation and control of a macroeconomic model with rational expectations”. EconometricaWiley47 (5): 1267–86. JSTOR 1911962doi:10.2307/1911962.
  17. Jump up^ Taylor, John B.; Fair, Ray C. (July 1983). “Solution and maximum likelihood estimation of dynamic nonlinear rational expectations models”EconometricaWiley51 (4): 1169–85. JSTOR 1912057doi:10.2307/1912057.
  18. Jump up^ Judd, Kenneth; Kubler, Felix; Schmedders, Karl (2003), “Computational methods for dynamic equilibria with heterogeneous agents”, in Dewatripont, Mathias; Hansen, Lars Peter; Turnovsky, Stephen J., Advances in economics and econometrics theory and applications (volume 3), Cambridge, U.K. New York: Cambridge University Press, p. 247, ISBN 9781280163388 and “Eviews Users Guide II.”
  19. Jump up^ Taylor, John B.; Phelps, Edmund S. (February 1977). “Stabilizing powers of monetary policy under rational expectations”Journal of Political EconomyChicago Journals85 (1): 163–90. JSTOR 1828334doi:10.1086/260550.
  20. Jump up^ Sargent, Thomas; Wallace, Neil (April 1975). “‘Rational’ expectations, the optimal monetary instrument, and the optimal money supply rule”Journal of Political EconomyChicago Journals83 (2): 241–54. JSTOR 1830921doi:10.1086/260321.
  21. Jump up^ Blanchard, Olivier (2000), “Epliogue”, in Blanchard, Olivier, Macroeconomics (2nd ed.), Upper Saddle River, New Jersey: Prentice-Hall, p. 543, ISBN 9780130557872.
  22. Jump up^ Galbács, Peter (2015). The theory of new classical macroeconomics: a positive critique. Heidelberg / New York / Dordrecht / London: Springer. ISBN 9783319175782doi:10.1007/978-3-319-17578-2.
  23. Jump up^ King, Robert G.; Wolman, Alexander (1999), “What should the monetary authority do when prices are sticky?”, in Taylor, John B., Monetary policy rules, Chicago: University of Chicago Press, ISBN 9780226791265.
  24. Jump up^ Taylor, John B. (1999), “Staggered price and wage setting in macroeconomics”, in Taylor, John B.; Woodford, Michael, Handbook of macroeconomics, Amsterdam New York: North-Holland Elsevier, pp. 1009–50, ISBN 9780444501585.
  25. Jump up^ Taylor, John B. (April 1968). Fiscal and monetary stabilization policies in a model of endogenous cyclical growth (BA thesis). Princeton University.
  26. Jump up^ Taylor, John B. (October 1968). “Fiscal and monetary stabilization policies in a model of endogenous cyclical growth”(pdf). Research Memorandum No. 104. Econometric Research Program, Princeton University. OCLC 22687344.
  27. Jump up^ Taylor, John B. (September 1979). “Estimation and control of a macroeconomic model with rational expectations”EconometricaWiley47 (5): 1267–86. JSTOR 1911962doi:10.2307/1911962.
  28. Jump up^ Bernanke, Ben (2004). The Great Moderation. Remarks at the meeting of the Eastern Economic Association.
  29. Jump up^ Orphanides, Athanasios (2007). Taylor rules (pdf). Finance and Economics Discussion Series 2007–18. Federal Reserve Board.
  30. Jump up^ Davig, Troy; Leeper, Eric M. (June 2007). “Generalizing the Taylor Principle”. The American Economic ReviewAmerican Economic Association97 (3): 607–35. JSTOR 30035014.NBER Working Paper 11874, December 2005.
  31. Jump up^ Clarida, Richard; Galí, Jordi; Gertler, Mark (February 2000). “Monetary policy rules and macroeconomic stability: evidence and some theory”Quarterly Journal of EconomicsOxford Journals115 (1): 147–80. doi:10.1162/003355300554692. Pdf.
  32. Jump up^ Taylor, John B. (2008), “Housing and monetary policy”, in Reserve Bank of Kansas City, Housing, housing finance, and monetary policy: a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 30-September 1, 2007, Kansas City, Missouri: Reserve Bank of Kansas City, pp. 463–76, OCLC 170267547
  33. Jump up^ Taylor, John B. (2009), “The financial crisis and the policy response: an empirical analysis of what went wrong (housing and monetary policy)”, in Bank of Canada Staff, Festschrift in honour of David Dodge’s contributions to Canadian public policy: proceedings of a conference held by the Bank of Canada, November, 2008, Ottawa: Bank of Canada, pp. 1–18, ISBN 9780660199276.
  34. Jump up^ Taylor, John B. (February 9, 2009). “How government created the financial crisis”The Wall Street Journal. p. A19. Pdf.
  35. Jump up^ Taylor, John B. (November 25, 2008). “Why permanent tax cuts are the best stimulus”The Wall Street Journal. Retrieved June 30, 2011.
  36. Jump up^ Taylor, John B.; Cogan, John F.; Cwik, Tobias; Wieland, Volker (March 2010). “New Keynesian versus old Keynesian government spending multipliers”Journal of Economic Dynamics and ControlElsevier34 (3): 281–95. doi:10.1016/j.jedc.2010.01.010.
  37. Jump up^ Coenen, Guenter; et al. (September 2011). “Effects of fiscal stimulus in structural models”American Economic Journal: MicroeconomicsAmerican Economic Association4 (1): 22–68. doi:10.1257/mac.4.1.22. Pdf.
  38. Jump up^ Taylor, John B. (September 2011). “An empirical analysis of the revival of fiscal activism in the 2000s”Journal of Economic LiteratureAmerican Economic Association49 (3): 686–702. JSTOR 23071727doi:10.1257/jel.49.3.686. Pdf.
  39. Jump up^ “Taylor Says U.S. Needs `Sound’ Monetary, Fiscal Policies”Bloomberg Television thru Washington Post. June 27, 2011. Retrieved June 30, 2011.

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The Pronk Pops Show 914, June 19, 2017, Story 1: Otto Warmbier Died After Being Released From North Korea in A Coma — Videos — Story 2: Time For Strategic Patience Is Over — Take Out The Korean Dictator, Missiles, Nuclear Bomb Facilities, Artillery and Rocket Launchers In Range of South Korea — Regularly Planned and Scheduled War — Videos — Story 3: U.S. Navy F-18 Fighter Shoots Down Syrian SU -22 Fighter Over Raqqa, Syria After U.S. Allies On Ground Bombed– Russia Warns U.S. Planes Will Be Considered Targets — Videos — Story 4: Interventionist Foreign Policy of Progressive Democrats and Republicans (Neocons) Projecting Power of American Empire — No War Ever Declared Or American People Consulted — Videos

Posted on June 19, 2017. Filed under: American History, Blogroll, Breaking News, Communications, Congress, Constitutional Law, Countries, Crime, Culture, Defense Spending, Diet, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Education, Empires, Exercise, Food, Foreign Policy, Former President Barack Obama, Freedom of Speech, Government Spending, Health, Health Care, History, House of Representatives, Human, Human Behavior, Independence, Japan, Language, Law, Life, Lying, Media, Medicine, National Interest, News, North Korea, Obama, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Raymond Thomas Pronk, Resources, Scandals, Security, Senate, Social Science, South Korea, Success, Taxation, Taxes, Terror, Terrorism, Unemployment, United States of America, Videos, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Story 1: Otto Warmbier Died After Being Released From North Korea in A Coma — Videos

GLOBALNEWS: North Korea Invites More Western Tourists To Visit Days After Sending One Home In A Coma

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Otto Warmbier has died, hospital says

CINCINNATI — Otto Warmbier has died, University of Cincinnati Medical Center announced Monday.

Warmbier died at 2:20 p.m. Monday, days after he was released from captivity in North Korea.

In a statement, family members said Warmbier had been unable to speak, see or react to verbal commands since his return to Cincinnati June 13.

“He looked very uncomfortable – almost anguished,” family members said. “Although we would never hear his voice again, within a day the countenance of his face changed – he was at peace. He was home and we believe he could sense that.”

Family members thanked the hospital’s staff for the care they provided Warmbier but said ” the awful torturous mistreatment our son received at the hands of the North Koreans ensured that no other outcome was possible beyond the sad one we experienced today.”

“It would be easy at a moment like this to focus on all that we lost – future time that won’t be spent with a warm, engaging, brilliant young man whose curiosity and enthusiasm for life knew no bounds,” the family said. “But we choose to focus on the time we were given to be with this remarkable person. You can tell from the outpouring of emotion from the communities that he touched – Wyoming, Ohio and the University of Virginia to name just two – that the love for Otto went well beyond his immediate family.”

Check back for more on this breaking story.

Sodium thiopental

From Wikipedia, the free encyclopedia
Sodium thiopental
Sodium thiopental.svg
Sodium-thiopental-3D-vdW-2.png
Clinical data
AHFS/Drugs.com Monograph
Routes of
administration
Intravenous (most common), oral or rectal
ATC code
Legal status
Legal status
Pharmacokinetic data
Biological half-life 5.5[1]-26 hours[2]
Identifiers
CAS Number
  • 71-73-8 Yes (sodium salt)
    76-75-5 (free acid)
PubChem CID
DrugBank
ChemSpider
UNII
KEGG
ChEBI
ChEMBL
ECHA InfoCard 100.000.896
Chemical and physical data
Formula C11H17N2NaO2S
Molar mass 264.32 g/mol
3D model (Jmol)
Chirality Racemic mixture
 Yes (what is this?)  (verify)

Sodium thiopental, also known as Sodium Pentothal (a trademark of Abbott Laboratories, not to be confused with pentobarbital), thiopental, thiopentone, or Trapanal (also a trademark), is a rapid-onset short-acting barbiturate general anesthetic that is an analogue of thiobarbital. Sodium thiopental was a core medicine in the World Health Organization‘s “Essential Drugs List“, which is a list of minimum medical needs for a basic healthcare system, but was supplanted by propofol.[3] It was previously the first of three drugs administered during most lethal injections in the United States, but the U.S. manufacturer Hospira stopped manufacturing the drug and the EU banned the export of the drug for this purpose.[4]

Uses

Anesthesia

Sodium thiopental is an ultra-short-acting barbiturate and has been used commonly in the induction phase of general anesthesia. Its use has been largely replaced with that of propofol, but retains popularity as an induction agent for rapid sequence intubation and in obstetrics.[citation needed] Following intravenous injection, the drug rapidly reaches the brain and causes unconsciousness within 30–45 seconds. At one minute, the drug attains a peak concentration of about 60% of the total dose in the brain. Thereafter, the drug distributes to the rest of the body, and in about 5–10 minutes the concentration is low enough in the brain that consciousness returns.[citation needed]

A normal dose of sodium thiopental (usually 4–6 mg/kg) given to a pregnant woman for operative delivery (caesarian section) rapidly makes her unconscious, but the baby in her uterus remains conscious. However, larger or repeated doses can depress the baby.[5]

Sodium thiopental is not used to maintain anesthesia in surgical procedures because, in infusion, it displays zero-order elimination kinetics, leading to a long period before consciousness is regained. Instead, anesthesia is usually maintained with an inhaled anesthetic (gas) agent. Inhaled anesthetics are eliminated relatively quickly, so that stopping the inhaled anesthetic will allow rapid return of consciousness. Sodium thiopental would have to be given in large amounts to maintain an anesthetic plane, and because of its 11.5- to 26-hour half-life, consciousness would take a long time to return.[6]

In veterinary medicine, sodium thiopental is used to induce anesthesia in animals. Since it is redistributed to fat, certain lean breeds of dogs such as sight hounds will have prolonged recoveries from sodium thiopental due to their lack of body fat and their lean body mass. Conversely, obese animals will have rapid recoveries, but it will be some time[vague] before it is entirely removed (metabolized) from their bodies. Sodium thiopental is always administered intravenously, as it can be fairly irritating; severe tissue necrosis and sloughing can occur if it is injected incorrectly into the tissue around a vein.[citation needed]

Sodium thiopental decreases the cardiac stroke volume, which results in a decrease in cardiac output. The decrease in cardiac output occurs in conjunction with a decrease in systemic vascular resistance, which results in hypotension. However, in comparison with propofol, the reflex tachycardia seen during states of hypotension is relatively spared (a bradycardia is common after administration of propofol) and therefore the observed fall in blood pressure is generally less severe.

Medically induced coma

In addition to anesthesia induction, sodium thiopental was historically used to induce medical comas.[7] It has now been superseded by drugs such as propofol because their effects wear off more quickly than thiopental. Patients with brain swelling, causing elevation of intracranial pressure, either secondary to trauma or following surgery, may benefit from this drug. Sodium thiopental, and the barbiturate class of drugs, decrease neuronal activity and therefore decrease the production of osmotically active metabolites, which in turn decreases swelling. Patients with significant swelling have improved outcomes following the induction of coma. Reportedly, thiopental has been shown to be superior to pentobarbital in reducing intracranial pressure.[8] This phenomenon is also called a reverse steal effect.[citation needed]

Status epilepticus

In refractory status epilepticus, thiopental may be used to terminate a seizure.

Euthanasia

Sodium thiopental is used intravenously for the purposes of euthanasia. In both Belgium and the Netherlands, where active euthanasia is allowed by law, the standard protocol recommends sodium thiopental as the ideal agent to induce coma, followed by pancuronium bromide.[9]

Intravenous administration is the most reliable and rapid way to accomplish euthanasia. A coma is first induced by intravenous administration of 20 mg/kg thiopental sodium (Nesdonal) in a small volume (10 ml physiological saline). Then, a triple dose of a non-depolarizing neuromuscular blocking drug is given, such as 20 mg pancuronium bromide (Pavulon) or 20 mg vecuronium bromide (Norcuron). The muscle relaxant should be given intravenously to ensure optimal availability but pancuronium bromide may be administered intramuscularly at an increased dosage level of 40 mg.[9]

Lethal injection

Along with pancuronium bromide and potassium chloride, thiopental is used in 34 states of the U.S. to execute prisoners by lethal injection. A very large dose is given to ensure rapid loss of consciousness. Although death usually occurs within ten minutes of the beginning of the injection process, some have been known to take longer.[10] The use of sodium thiopental in execution protocols was challenged in court after a study in the medical journal The Lancet reported autopsies of executed inmates showed the level of thiopental in their bloodstream was insufficient to cause unconsciousness.

On December 8, 2009, the State of Ohio became the first to use a single dose of sodium thiopental for its capital execution, following the failed use of the standard three-drug cocktail during a recent execution, due to inability to locate suitable veins. Kenneth Biros was executed using the single-drug method.[11]

The state of Washington is now the second state in the U.S. to use the single-dose sodium thiopental injections for death penalty executions. On September 10, 2010, Cal Coburn Brown was executed. This was the first execution in the state to use a single dose, single drug injection. His death was pronounced approximately one and a half minutes after the intravenous administration of five grams of the drug.[12]

After its use for execution of Jeffrey Landrigan in the U.S., the UK introduced a ban on the export of sodium thiopental in December 2010,[13] after it was established that no European supplies to the U.S. were being used for any other purpose.[14] The restrictions were based on “the European Union Torture Regulation (including licensing of drugs used in execution by lethal injection)”.[15] From 21 December 2011 the European Union extended trade restrictions to prevent the export of certain medicinal products for capital punishment, stating that “the Union disapproves of capital punishment in all circumstances and works towards its universal abolition”.[16]

Truth serum

Thiopental (Pentothal) is still used in some places as a truth serum to weaken the resolve of a subject and make them more compliant to pressure.[17] The barbiturates as a class decrease higher cortical brain functioning. Some psychiatrists hypothesize that because lying is more complex than telling the truth, suppression of the higher cortical functions may lead to the uncovering of the truth. The drug tends to make subjects loquacious and cooperative with interrogators; however, the reliability of confessions made under thiopental is questionable.[18] “Sodium pentathol” as a truth serum has become a trope in films, comics and literature, and even appears in popular music.[19]

Psychiatry

Psychiatrists have used thiopental to desensitize patients with phobias,[20] and to “facilitate the recall of painful repressed memories.”[21] One psychiatrist who worked with thiopental is the Dutch Professor Jan Bastiaans, who used this procedure to help relieve trauma in surviving victims of the Holocaust.[22]

Mechanism of action

Sodium thiopental is a member of the barbiturate class of drugs, which are relatively non-selective compounds that bind to an entire superfamily of ligand-gated ion channels, of which the GABAA receptor channel is one of several representatives. This superfamily of ion channels includes the neuronal nAChR channel, the 5HT3R channel, the GlyR channel and others. Surprisingly, while GABAA receptor currents are increased by barbiturates (and other general anesthetics), ligand-gated ion channels that are predominantly permeable for cationic ions are blocked by these compounds. For example, neuronal nAChR channels are blocked by clinically relevant anesthetic concentrations of both sodium thiopental and pentobarbital.[23] Such findings implicate (non-GABA-ergic) ligand-gated ion channels, e.g. the neuronal nAChR channel, in mediating some of the (side) effects of barbiturates.[24]The GABAA receptor is an inhibitory channel that decreases neuronal activity, and barbiturates enhance the inhibitory action of the GABAA receptor.[25]

Controversies

Following a shortage that led a court to delay an execution in California, a company spokesman for Hospira, the sole American manufacturer of the drug, objected to the use of thiopental in lethal injection. “Hospira manufactures this product because it improves or saves lives, and the company markets it solely for use as indicated on the product labeling. The drug is not indicated for capital punishment and Hospira does not support its use in this procedure.”[26] On January 21, 2011, the company announced that it would stop production of sodium thiopental from its plant in Italy because Italian authorities couldn’t guarantee that exported quantities of the drug would not be used in executions. Italy was the only viable place where the company could produce sodium thiopental, leaving the United States without a supplier.[27]

Metabolism

Thiopental rapidly and easily crosses the blood brain barrier as it is a lipophilic molecule. As with all lipid-soluble anaesthetic drugs, the short duration of action of sodium thiopental is due almost entirely to its redistribution away from central circulation towards muscle and fat tissue, due to its very high fat:water partition coefficient (aprx 10), leading to sequestration in fat tissue. Once redistributed, the free fraction in the blood is metabolized in the liver. Sodium thiopental is mainly metabolized to pentobarbital,[28] 5-ethyl-5-(1′-methyl-3′-hydroxybutyl)-2-thiobarbituric acid, and 5-ethyl-5-(1′-methyl-3′-carboxypropyl)-2-thiobarbituric acid.[29]

Dosage

The usual dose range for induction of anesthesia using thiopental is from 3 to 6 mg/kg; however, there are many factors that can alter this. Premedication with sedatives such as benzodiazepines or clonidine will reduce requirements, as do specific disease states and other patient factors. Among patient factors are: age, sex, and lean body mass. Specific disease conditions that can alter the dose requirements of thiopentone and for that matter any other intravenous anaesthetic are: hypovolemia, burns, azotemia, hepatic failure, hypoproteinemia, etc.[citation needed]

Side effects

As with nearly all anesthetic drugs, thiopental causes cardiovascular and respiratory depression resulting in hypotension, apnea and airway obstruction. For these reasons, only suitably trained medical personnel should give thiopental in an environment suitably equipped to deal with these effects. Side effects include headache, agitated emergence, prolonged somnolence, and nausea. Intravenous administration of sodium thiopental is followed instantly by an odor and/or taste sensation, sometimes described as being similar to rotting onions, or to garlic. The hangover from the side effects may last up to 36 hours.

Although individual molecules of thiopental contain one sulfur atom, it is not a sulfonamide, and does not show allergic reactions of sulfa/sulpha drugs.

Contraindications

Thiopental should be used with caution in cases of liver disease, Addison’s disease, myxedema, severe heart disease, severe hypotension, a severe breathing disorder, or a family history of porphyria.[30][31]

Co-administration of pentoxifylline and thiopental causes death by acute pulmonary edema in rats. This pulmonary edema was not mediated by cardiac failure or by pulmonary hypertension but was due to increased pulmonary vascular permeability.[32]

History

Sodium thiopental was discovered in the early 1930s by Ernest H. Volwiler and Donalee L. Tabern, working for Abbott Laboratories. It was first used in human beings on March 8, 1934, by Dr. Ralph M. Waters[33] in an investigation of its properties, which were short-term anesthesia and surprisingly little analgesia.[34] Three months later,[35] Dr. John S. Lundy started a clinical trial of thiopental at the Mayo Clinic at the request of Abbott.[36]Abbott continued to make the drug until 2004, when it spun off its hospital-products division as Hospira.

Thiopental is famously associated with a number of anesthetic deaths in victims of the attack on Pearl Harbor. These deaths, relatively soon after the drug’s introduction, were said to be due to excessive doses given to shocked trauma patients. However, recent evidence available through freedom of information legislation was reviewed in the British Journal of Anaesthesia,[37] which has suggested that this story was grossly exaggerated. Of the 344 wounded that were admitted to the Tripler Army Hospital only 13 did not survive and it is unlikely that thiopentone overdose was responsible for more than a few of these.

Thiopental is still rarely used as a recreational drug, usually stolen from veterinarians or other legitimate users of the drug; however, more common sedatives such as benzodiazepines are usually preferred as recreational drugs, and abuse of thiopental tends to be uncommon and opportunistic.[citation needed]

See also

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

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Communication channel between Washington and Moscow to be suspended immediately

Russia has said it will treat US warplanes operating in parts of Syria where its air forces are also present as “targets” amid a diplomatic row caused by the downing of a Syrian jet.

The country’s defence ministry said it would track US-led coalition aircraft with missile systems and military aircraft, but stopped short of saying it would shoot them down.

A hotline set up between Russia and the US to prevent mid-air collisions will also be suspended.

“All kinds of airborne vehicles, including aircraft and UAVs of the international coalition detected to the west of the Euphrates River will be tracked by the Russian SAM systems as air targets,” the Russian Defence Ministry said in a statement.

The warning comes after a US F-18 Super Hornet shot down a Syrian army SU-22 jet on Sunday in the countryside southwest of Raqqa – the first such downing of a Syrian jet by the US since the start of the country’s civil war in 2011.

Washington said the jet had dropped bombs near US-backed forces but Damascus said the plane was downed while flying a mission against Isis militants.

Russia’s defence ministry said the suspension of its communication line with the Americans would begin immediately.

The US did not use its hotline with Russia ahead of the downing of the Syrian government warplane, said the ministry, which accused the US of a “deliberate failure to make good on its commitments” under the deconfliction deal.

“The shooting down of a Syrian Air Force jet in Syria’s airspace is a cynical violation of Syria’s sovereignty,” the ministry said.

“The US’ repeated combat operations under the guise of ‘combating terrorism’ against the legitimate armed forces of a UN member-country are a flagrant violation of international law and an actual military aggression against the Syrian Arab Republic.”

Theresa May appealed to Russia to continue the use of “deconfliction” measures over the skies of Syria to reduce the risk of misunderstandings in what is a crowded airspace.

Russia, which has been providing air cover for Syria’s President, Bashar al-Assad, since 2015, has an agreement with the US aimed at preventing incidents involving either country’s warplanes engaged in operations in Syria.

Downing the jet was akin to “helping the terrorists that the US is fighting against”, Sergei Ryabkov, Russia’s deputy foreign minister, said.

A statement released by US Central Command on Sunday said the Syrian jet was “immediately shot down… in accordance with rules of engagement and in collective self-defence of Coalition partnered forces”.

“The Coalition’s mission is to defeat Isis in Iraq and Syria. The Coalition does not seek to fight Syrian regime, Russian, or pro-regime forces partnered with them, but will not hesitate to defend Coalition or partner forces from any threat,” it added.

“The Coalition presence in Syria addresses the imminent threat Isis in Syria poses globally. The demonstrated hostile intent and actions of pro-regime forces toward Coalition and partner forces in Syria conducting legitimate counter-Isis operations will not be tolerated.”

Tensions rise in Syria as Russia, Iran send US warnings

By BASSEM MROUE and NATALIYA VASILYEVA, Associated PressTHE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES

(AP) — Russia on Monday threatened aircraft from the U.S.-led coalition in Syrian-controlled airspace and suspended a hotline intended to avoid collisions in retaliation for the U.S. military shooting down a Syrian warplane.

The U.S. said it had downed the Syrian jet a day earlier after it dropped bombs near the U.S.-backed Syrian Democratic Forces conducting operations against the Islamic State group, adding that was something it would not tolerate.

The downing of the warplane — the first time in the six-year conflict that the U.S. has shot down a Syrian jet — came amid another first: Iran fired several ballistic missiles Sunday night at IS positions in eastern Syria in what it said was a message to archrival Saudi Arabia and the United States.

The developments added to already-soaring regional tensions and reflect the intensifying rivalry among the major players in Syria’s civil war that could spiral out of control just as the fight against the Islamic State group in its stronghold of Raqqa is gaining ground.

Russia, a key ally of Syrian President Bashar Assad, called on the U.S. military to provide a full accounting as to why it decided to shoot down the Syrian Su-22 bomber.

The U.S. military confirmed that one of its F-18 Super Hornets shot down a Syrian jet that had dropped bombs near the U.S. partner forces SDF. Those forces, which are aligned with the U.S. in the campaign against the Islamic State group, warned Syrian government troops to stop their attacks or face retaliation.

The Russian Defense Ministry said in a statement that as of Monday, all coalition jets and drones flying west of the Euphrates River will be tracked as potential targets.

Areas of northern Syria west of the Euphrates were controlled by IS before Syrian government forces captured most of them in recent months. The Russians, who have been providing air cover for Assad’s forces since 2015, appear to want to avoid further U.S. targeting of Syrian warplanes or ground troops that have come under U.S. attack in eastern Syria recently.

It was the second time Russia suspended a hotline intended to minimize incidents with the U.S. in Syrian airspace. In April, Russia briefly suspended cooperation after the U.S. military fired 59 missiles at a Syrian air base following a chemical weapons attack that Washington blamed on the Assad government.

Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, said Washington is working to re-establish communications aimed at avoiding mishaps involving U.S. and Russian air operations in Syria.

Speaking in Washington, the top U.S. military officer said the two sides were in delicate discussions to lower tensions.

“The worst thing any of us could do right now is address this with hyperbole,” Dunford said.

Viktor Ozerov, chairman of the defense and security committee at the upper chamber of Russian parliament, described his Defense Ministry’s statement as a warning.

“I’m sure that because of this, neither the U.S. nor anyone else will take any actions to threaten our aircraft,” he told the state-owned RIA Novosti news agency. “That’s why there’s no threat of direct confrontation between Russia and American aircraft.”

Ozerov insisted that Russia will be tracking the coalition’s jets, not shooting them down, but he added that “a threat for those jets may appear only if they take action that pose a threat to Russian aircraft.”

Iran said the missile strike by its powerful Revolutionary Guard hit Syria’s eastern city of Deir el-Zour on Sunday night and was in retaliation for two attacks in Tehran earlier this month that killed 17 people and were claimed by the Islamic State group.

It appeared to be Iran’s first missile attack abroad in over 15 years and its first in the Syrian conflict, in which it has provided crucial support to Assad. The muscle-flexing comes amid the worsening of a long-running feud between Shiite powerhouse Iran and Saudi Arabia, with supports Syrian rebels and has led recent efforts to isolate the Gulf nation of Qatar.

“The Saudis and Americans are especially receivers of this message,” Gen. Ramazan Sharif of the Revolutionary Guard told Iranian state TV in an interview.

It also raised questions about how U.S. President Donald Trump’s administration, which had previously put Iran “on notice” for its ballistic missile tests, will respond. Israel also is concerned about Iran’s missiles and has deployed a multilayered missile-defense system.

The missile attack came amid recent confrontations in Syria between U.S.-backed forces and Iranian-backed pro-government factions. The U.S. recently deployed a truck-mounted missile system in Syria as Iranian-backed forces cut off the advance of the U.S.-supported rebels along the Iraqi border.

Iranian officials threatened more strikes. Former Guard chief Gen. Mohsen Rezai wrote on Twitter: “The bigger slap is yet to come.”

U.S.-backed opposition fighters said Assad’s forces have been attacking them in the northern province of Raqqa and warned that if such attacks continue, the fighters will take action.

Clashes between Syrian troops and the SDF would escalate tensions and open a new front line in the many complex battlefields of the civil war, now in its seventh year. Clashes between the Kurdish-led SDF and Syrian forces have been rare and some rebel groups have even accused them of coordinating on the battlefield.

Both sides are battling the Islamic State group, with SDF fighters focusing on their march into the northern city of Raqqa, which the extremist group has declared to be its capital.

Syrian government forces have also been attacking IS in northern, central and southern parts of the country, seizing 25,000 square kilometers (9,600 square miles) and reaching the Iraqi border for the first time in years.

SDF spokesman Talal Sillo said the government wants to thwart the SDF offensive to capture Raqqa. He said government forces began attacking the SDF on Saturday, using warplanes, artillery and tanks in areas that SDF had liberated from IS.

Sillo also warned that if “the regime continues in its offensive against our positions in Raqqa province, this will force us to retaliate with force.”

The Britain-based Syrian Observatory for Human Rights, which tracks Syria’s war, said government forces expanded their presence in Raqqa province by capturing from IS the town of Rasafa.

___

Vasilyeva reported from Moscow. Associated Press writers Nasser Karimi in Tehran and Jon Gambrell in Dubai, United Arab Emirates, contributed.

http://hosted2.ap.org/APDefault/*/Article_2017-06-19-Syria/id-371357b2c20e4aaa982d07da071a7f7a

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