Tag Archives: Jay-Z

Two sides of tinseltown

Tinseltown has many sides. Today and yesterday I was confronted with two of them. The first is the sad one. 

Yesterday the legendary Nichelle Nichols has left us at the age of 89. Legendary as Nyota Uhura in the original Star Trek series and 6 movies. Now, people leave us all the time. This stands out that no matter where I looked Sweden, the Netherlands, the UK, America, Australia, Canada, you name it they have it in the news, and no negativity anywhere. Twitter flowed over with messages of sorrow, love and in some cases heartbreak. Actors, producers, directors from all walks of life and cinema. It was overwhelming the impact she has had on people. She had it on me as well, but I always saw myself as a nerdy sci-fi outcast. She touched the hearts of millions and they are all speaking out words of hope, words of sorrow, words of love and words of admiration. To be honest, I have not seen such a positive wave ever before, that realisation gives us that even as she leaves us, she leaves us with a gift. We are all connected to one another through the actions of Nyota Uhura. That is not a bad legacy to have, not at all. We salute you Nichelle, and perhaps we will all say hello again on the other side when we get there. Until then be with the stars until we meet again. 

The other side
The other side is one that is another side of the media. The one I do not like that much, but in this case it is the Dutch NOS who (at https://nos.nl/l/2439005) claims that Taylor Swift is the biggest famous polluter. Is that so? Well it is according to a British Marketing firm. Can we have the name of those wankers please? You see, we might howl at some, but these wanking idiots (as I personally see them) are debatable in their view. “Between January and July, the singer’s plane took off 170 times, which amounts to 15.9 full days of flying. The emissions of the device thus amounted to about 8,000 tons of CO2, more than a thousand times the emissions of an average citizen per year.” So how exactly was that calculated? 

You see Dassault Aviation (the people behind the Falcon 7X) give us “Falcons have fuel consumption levels that are 30 to 50% lower than competing aircraft and the lowest CO2 emissions in the market.” Then we see the stage “Between January and July, the singer’s plane took off 170 times, which amounts to 15.9 full days of flying”, so can we see the list of these 170 times? Dates, hours flown you get it, the list will give us more and I believe that a marketing firm has certain needs, needs to hide other stuff, or illuminate other stuff and usually illumination comes with exaggerated inaccuracies. So were all the flights set to the planes actual numbers? And the idea that Floyd Mayweather and Jay-Z are the numbers two and three might be right, might not be. You see, we are given “According to them, Swift regularly lends the aircraft and is therefore not personally responsible for all 170 flight movements and the associated emissions.” This might be true, but that is not the case. These people are forced into different modes of transportation because the fucking media wont give them a break, harassing these people EVERY moment they can for the digital clicks (one of a few reasons). It angers me as we seem to hold places like Celebrity Jets like gospel all whilst the data is never clearly vetted and I get the impression that the news is even worse. So whilst Taylor Swift has one plane, Donald Trump has the Trump Force One which is a Boeing 757, and he never made the list? I reckon that the Boeing 757 gives off a lot more pollution than the Falcon 7x. And the quick reference towards the British department of Transport? Do they keep lists of all the planes? Is Trump Force One there too? All questions that come to mind and all questions that have impact. How do you hold Taylor Swift accountable whilst you do nothing on the harassing media 24:7. As I see it, she might not have a choice and whilst we are at it. When we consider Rolling Stone magazine, was that vetted? If so what dit Taylor Swift actually use? All questions no answered. It makes me wonder what that marketing whatever was doing? This was about something else. Just like Matt McGrath (BBC) and his plane issues, all whilst 50% of all pollution damage comes from 1% of the facilities. 147 in total and they still haven’t closely looked at that. They were very intent of ignoring that EEA report, why is that? So a little message for the media. Do your job properly or become an uber driver. 

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The Jay-Z talk

Today’s inspiration comes from a source, slightly right of the middle. It was an interview that aired on Bill O’Reilly which he (or his team) placed on Facebook. Jay-Z was warning for the dangers of escalating violence as the gap between haves and have not’s increases. This is a viewpoint I agree with, especially as I had come to the same conclusion many months ago. More important, that is a reality that is in play in both the US and Europe.

What is to blame? Well, the Financial Institutions started it all and as such they need to be mentioned. I reckon you have all read enough of this, but down the track, this will issue will pop up again. More important are the issues that have been more and more visible over several months. The Obama administration might claim that they have added 175,000 jobs, yet as you would see, this level of misrepresentation will get an ironic side soon enough. The massive spin at present is coming from the industrials. If we see the Dow index, then we look at 30 companies who ‘seem’ to be setting the trend, especially my American readers, have you noticed how 1 out of 6 in America lost their house and an even larger population lost their savings? So, if the economy is so high, then how is it that the damage remains so severe? Well, I am about to answer that.

Those 175,000 jobs, well the bulk of them are only part-time and they are mostly minimum wage options only. To be honest in such a bad economy that could not be the worst, but from my viewpoint there is more, which makes this a lot worse.

It was a little while ago on how some expert spoke with a level of pride that the Dow was so strong, and remained growing due to an increase productivity managed by a declined workforce. So basically, a 90% workforce was achieving 110% result and no one questioned it? The fact that even though these companies are getting record results, no long term hiring has commenced?

Well, here it is. The view I have is that the banks allowed for a shift of policies, which has pretty much introduced a legalised form of slave labour (a harsh reality, but not false). It is a nice irony that this has occurred during the time of an African American president. The first question I should answer whether this assessment is fair. Yes it is!

The reason is that neither President Obama nor President Bush did ANYTHING truly successful to hold these Financial Institutions accountable for the damage they bestowed on the American population and the rest of the world. The fact that even today in most nations strong bank regulations are still not a fact means that this can all happen again. So, when we get to 2020 and we all think that we are back on track, these players could play the same game all over again and we go back to nothing overnight. We might not even have to wait that long as banks all over the EU are now trying to loosen up ties with those controlling pensions of people all over the world.

So Jay-Z is correct. The gap of those who have and ‘the others’ is widening and it is widening a lot faster than you all realise. Consider the enormous debt that the American people got stuck with, with the due compliments of companies like Freddie Mac and Fannie Mae. Do you remember on how ‘something’ was going to get done? Well consider the house resolutions

H.R.1227 Latest Title: GSE Risk and Activities Limitation Act of 2011
H.R.1225 Latest Title: GSE Debt Issuance Approval Act of 2011
H.R.1223 Latest Title: GSE Credit Risk Equitable Treatment Act of 2011
H.R.1221 Latest Title: Equity in Government Compensation Act of 2011
H.R.1182 Latest Title: GSE Bailout Elimination and Taxpayer Protection Act

All these bills have been left untouched since 2011. The story does get a little worse when we consider the article from Bloomberg as published on May 8th at http://www.bloomberg.com/news/2013-05-07/new-regulations-are-strangling-community-banks.html

The starting quote: “The wave of new banking regulations that Congress created to deter and punish Wall Street’s misdeeds is landing with much greater impact on the U.S.’s almost 7,000 community banks than on the too-big-to-fail lenders.

This gives us the question whether there is a foul stench coming from the big boy enabling group, which is supported by the quote “Federal Deposit Insurance Corp. show that large banks have both the lowest credit quality and the lowest cost of funds in the industry.” If the American people depend on their day to day issues on those community banks, then why are these regulations pushed out in this way? Well, in my view the banks ‘own’ the politicians and the banks decided a let them all suffer until regulations are dropped again, so we can do this one more time approach. This is how I see it.

Yes, banks definitely need regulation and not only in America. However, the need to strangle certain services that caused the bulk of all the grief could be choked more efficiently without placing these community banks in a vice. That would make sense, unless those community banks go the wrong direction of course, so better options could have been found, which makes us wonder where political levels of competency currently are.

Supporting evidence can be found in this article at http://www.bloomberg.com/news/2013-06-20/bank-of-america-and-the-tragedy-of-foreclosure.html

It is as analysed as a he said/she said situation. I think it is a ‘they said’ and ‘it claimed’ situation, but let us not revert to a black letter wishy washy job.

Where the bank claimed “These allegations are absurd, patently false and contrary to Bank of America’s long-standing policy only to foreclose as a last resort when other available options to help keep people in their home have been exhausted,” can be read as true, but that does not give way that this tactic has likely been used and to include the tactic as quoted “stall applications for loan modifications“. One does not exclude the other and as such it seems to me that as more facts become visible, the failed regulations and more important a wrongful push to pressure the entirety of banking, instead of certain services and strangling certain monetary reward schemes (read bonus structures).

So again, Jay-Z has a point!

This goes beyond America. The Dutch SNS Reaal bank is still in levels of turmoil, as can be read at http://www.nrc.nl/nieuws/2013/06/06/sns-reaal-verliest-netto-972-miljoen-in-2012-16-miljard-in-eerste-kwartaal-2013  (Dutch source), it boils down to the last paragraph [translated]The Netherlands must submit a plan within 6 months for restructuring the SNS. The real estate branch must be placed in a separate organisation. On these submissions the commission will take a final decision“. This was in February and the final decisions are due this month whilst political Netherlands is on vacation.

My prediction is that these politicians will make an 11th hour decision with the humble stance that includes ‘alas’ and ‘we are forced’ and ‘this is by far the best solution’ and they will then push the real estate branch into a bad bank, which basically mean that (please pardon my French) ‘Banking Wankers’ high and low got away with it again and the Dutch tax payers will end up coughing up another 2.4 billion Euro, which comes down to every Dutch tax paying citizen paying a 175 Euro each for a mess that politicians are unwilling to control on several levels. So, these politicians are allowed a vacation whilst there is such a mess? My vacations got cut short twice by two previous employers and these politicians go on vacation making twice as much? Talk about dedication (or lack thereof).

This all boils down to Financial Institutions and Industrials are given the leeway to widen the gap of ‘those-who-have’ and the others, yet politicians remain silently in the background showing the spine of a paperback, not one hardcover amongst them.

Let us to get back to Bill O’Reilly where today’s blog all started. Many do not agree, but I admire the man. He can be right, he can be wrong and I have not always agreed with him, but he has always shown clarity of what he thinks was right. No half-baked answers! The issue with him is that he is another item of proof on the US failing levels. You see, he has a website, a talk show and he has a good (read very good) income. He donates all the profits of those website sales to what he sees as worthy causes, mostly Veteran and serving military and I am all for that. Now, as stated, his income is really good, yet nowhere near what some get. This is clearly shown as annual bonuses on Wall Street rose to a total of $20,000,000,000 (20 Billion) in 2012. So the challenge for Bill O’Reilly is to find 100 people donating to the community on that level, whilst they are not allowed to make over 15 million a year to be allowed on that list, in a population of over 325 million he will fail. So basically he makes less than a mid-level banker and donates a truckload. This man stands almost alone!

That is the evidence, that even though one can be found, many are destitute beyond their control and the people in financial institutions keep on being enabled by the very people who should be protecting those in such an economic state of destitution.

Jay-Z spoke a true word!

When we see what people like Jay-Z, Will.i.am and Bill O’Reilly contribute to communities in such a degree there is evidence that there is still a level of humanity in this world. It would however be nice if the politicians in many nations step up to the plate to make their places a lot better without enabling greed.

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