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[OFFICIAL] Michael Bloomberg for President 2020

Discussion in 'BBS Hangout: Debate & Discussion' started by Ubiquitin, Nov 7, 2019.

  1. Os Trigonum

    Os Trigonum Contributing Member
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    like this case of right-wing media reporting on a Bernie bro beating up another Bernie bro for wearing a "Black Guns Matter" t-shirt?

    https://nypost.com/2020/02/17/brawl-breaks-out-at-bernie-sanders-rally-over-black-guns-matter-shirt/

    excerpt:

    But the man wearing the shirt — who says he agrees with Sanders on some policies, but not on gun control — said he was shocked at being physically confronted at a political rally.

    “I think it’s really a sad thing at a Bernie rally, when someone has a difference of opinion, that someone would be treated like that,” he told CBS Denver.

    “I thought it really would be a lot more inclusive than that. It’s not a safe place to express differences.”​
     
  2. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    Ok, so how come you never post acts of violence from Trump supporters? There's a lot of that as well. Don't you think it's odd you cherry pick and only post about the nut cases on the left???

    Why does the NY Post never post the other side either? Gee, I wonder why!
     
  3. Os Trigonum

    Os Trigonum Contributing Member
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    "But as Mr. Fink’s orders to CEOs show, the goal is to shame and bully businesses to comply with SASB’s social and political agenda. It’s the business version of Mr. Bloomberg’s Big Gulp soda ban while mayor of New York City."

    https://www.wsj.com/articles/bloombergs-business-nanny-11581975780?mod=hp_opin_pos_1

    Bloomberg’s Business Nanny
    The Sustainability Accounting board is a stalking horse for progressive politics.
    By
    The Editorial Board
    Feb. 17, 2020 4:43 pm ET

    BlackRock CEO Larry Fink recently made a splash by threatening to vote against corporate managers who don’t disclose an array of non-financial information as directed by the Sustainability Accounting Standards Board. But what is SASB, and where is this all going?

    Michael Bloomberg founded SASB in 2011 as a shadow regulator for his policy agenda. SASB claims to be modelled on the Financial Accounting Standards Board (FASB), a nonprofit with the imprimatur of the Securities and Exchange Commission that regulates how corporations account for and disclose financial information.

    SASB’s nine-member standards board issues guidelines for what kinds of sustainability information corporations should report to investors. Yet while financial accounting is more or less uniform for all businesses, SASB standards vary across 77 industries. Tracking the minutia will provide a lifetime job guarantee for corporate auditors.

    Consumer banks have to disclose how many “no-cost retail checking accounts” they provide “to previously unbanked or underbanked customers.” Investment houses must document loans that incorporate “environmental, social and governance” factors. Casinos have to report the share of employees who work where smoking is allowed.

    SASB requires businesses in most high-paying industries to disclose workforce diversity. “Hiring foreign nationals to compensate for shortages in local talent can create risks related to perceived social implications,” SASB says. That’s interesting because Mr. Bloomberg’s private media company, Bloomberg LP, reports 17% of its U.S. workers are foreign nationals while 10% are black or Latino. Under SASB this means Bloomberg needs to “improve employee engagement and work-life balance” to recruit more minorities and women.

    Some standards would require a wild goose chase, literally. Restaurants must report their share of cage-free eggs and pork produced without gestation crates. Why not grass-fed beef and hormone-free chicken—or vegan meals, as the outfit Vegan Finance suggested in a public comment posted on SASB’s website?

    SASB Chair Jeffrey Hales tells us that SASB standards are based on real-world evidence and academic research on what information is “financially material” to investment decisions. He says a shift in social “values can have a financial impact on a company,” and SASB says its definition of financial materiality is based on securities law.

    But the SEC and FASB have adopted the Supreme Court precedent that information is financially material only if there is “a substantial likelihood that a reasonable investor would attach importance in determining whether to buy or sell the securities registered.” In other words, information that would influence whether an investor buys or sells a stock.

    FASB recently explained that “materiality judgments can properly be made only by those that understand the reporting entity’s pertinent facts and circumstances. Whenever an authoritative body imposes materiality rules or standards, it is substituting generalized collective judgments for specific individual judgments, and there is no reason to suppose that the collective judgments always are superior.”

    SASB disagrees. It sets standards after consulting “advisory groups” comprised of businesses, investors, academics and other so-called “stakeholders”—like Vegan Finance. Some businesses support SASB’s socially conscience goals. More than 100 companies including liberal punching bags like Philip Morris, Wells Fargo and Kinder Morgan say they follow SASB, though adherence is selective.

    BlackRock says it doesn’t follow SASB’s requirement to disclose the liquidity of open-end mutual funds because the SEC has concluded doing so “may pose a significant risk of confusing and misleading investors.” Bloomberg LP, believe it or not, won’t disclose data breaches or “countries where core products or services are subject to government-required monitoring, blocking, content filtering, or censoring.” Did someone say China?

    This may explain why many companies say SASB’s standards are laborious and irrelevant. The Association of American Railroads noted in a comment on SASB’s website that industry-specific reporting requirements “would be redundant, burdensome, unnecessary, and potentially confusing because it may lead to overemphasis on immaterial matters.” As JPMorgan pointed out, “issues that are material to one company may be slightly different for another, even within the same industry.” Some companies might have to disclose proprietary information.

    ***
    All of this is supposedly voluntary, at least for now. But as Mr. Fink’s orders to CEOs show, the goal is to shame and bully businesses to comply with SASB’s social and political agenda. It’s the business version of Mr. Bloomberg’s Big Gulp soda ban while mayor of New York City.

    SASB’s ultimate goal is for the SEC to adopt its standards. SASB CEO Janine Guillot told us that the SEC should cite “SASB as useful guidance for corporations to meet existing obligations” to disclose financially material information. Businesses may soon need to start counting their cage-free eggs.
     
  4. dobro1229

    dobro1229 Contributing Member

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    I'm mostly pointing to the leverage that he has over the party. The party leadership knows that they cannot afford to allow a break in his support with the needed voters to win elections. He also needs the party as well of course if he wants to be anything other than a Ralph Nader spoiler.

    His policy platform also dramatically changed the Dem policy values after 2016. I think it faded a bit after 2018 when there was an influx of moderate freshman Congressmen/women into the party, but there's no doubt that he's still been one of the biggest influencers on policy since the early Obama years.
     
  5. Jayzers_100

    Jayzers_100 Member

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  6. foh

    foh Member

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    Tell it to the farmers that had to file for bankruptcy over Trump's policies.

    Jiggyfly pointed out the problem with the China deal.

    The article you posted is from rotten GOP politician - a clique of people pretending to have individual opinion but instead simply cow-towing to the crazy new head poncho and his retinue of immoral zealous supporters.

    Who cares what this dude thinks. Quote a reputable professional next time please instead of propaganda drivel by a 31 y.o. state politician (with no trade/economy background) trying to quell his irate constituents by parroting party line.
     
    #406 foh, Feb 18, 2020
    Last edited: Feb 18, 2020
    Andre0087 and Jayzers_100 like this.
  7. Amiga

    Amiga 10 years ago...
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    Can’t help but to butt in here...

    Because he doesn’t need to and the very fact that he doesn’t need to but is still a very strong candidate tell you how influential he is and how power has shifted.

    There are now more regular instances of individuals with loyal followers which I think is made possible by social media. It cost nothing to maintain communication to massive followers. It cost something but much less while being way more effective at maintaining loyal support through targeted group message (ads, promotion, propaganda, etc). The power of this has shifted the landscape to the groups of people, or these influencers who they follow. That is power shifted away from traditional parties and leaderships to these once outliners.

    If Bernie (or anyone else with a great fan base) is to join the party tradition, he is giving up that power. I don’t necessarily see anything wrong with that. It is disruptive but I think it can be healthy and even powerful way to expand the base. But first, I hope party leaders recognize this shift (and adjust accordingly to accommodate and not alienate) and that each individuals also recognize the shift. A loss or a win is no longer just the responsibility of the dnc, the party establishment leadership, and the candidate that won the primary. These influencers, their followers and their vote are as responsible.

    Anyway, just an observation and a thought about it.
     
    B-Bob and mdrowe00 like this.
  8. mick fry

    mick fry Member

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    Brett Arends
    MarketWatch

    Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey & Co., and is a Chartered Financial Consultant. His latest book, "Storm Proof Your Money", was published by John Wiley & Co.

    https://www.marketwatch.com/story/the-media-is-lying-to-you-about-trumps-china-tariffs-2019-05-14
     
    cml750 likes this.
  9. Rocket River

    Rocket River Member

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    A complete and total non-starter
    No Minority I know is vaguely interested in this dude
    he is a P O S

    Rocket River
     
  10. pirc1

    pirc1 Contributing Member

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    If he wins the Democrat nomination, are you going to vote for him or vote for Trump?
     
  11. NewRoxFan

    NewRoxFan Contributing Member

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  12. Andre0087

    Andre0087 Member

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    It'll feel like 2016 all over again...
     
  13. pirc1

    pirc1 Contributing Member

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    Many people feel the same way about Bernie. I am going to vote for Not Trump in the general election, but I prefer moderates in the primary.
     
  14. NewRoxFan

    NewRoxFan Contributing Member

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    Hmm... trump supporters using an edited video to mislead... who would have thunk?

    Edited video of Mike Bloomberg appears to insult farmers, factory workers, but there's more to the story
    https://www.jsonline.com/story/news...-farmers-but-full-context-deleted/4786501002/
     
    foh likes this.
  15. Rocket River

    Rocket River Member

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    Neither. I will write in someone
    Or Vote everything but president

    Rocket River
     
    Roxfreak724 likes this.
  16. pirc1

    pirc1 Contributing Member

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    In our system, if you don't vote for someone, it is as good as voting for the other person, not that it matters that much from Texas or Indiana.
     
  17. Rocket River

    Rocket River Member

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    *shrug* Voting my interest

    Rocket River
     
  18. jiggyfly

    jiggyfly Member

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    No minority?

    You are being willfully ignorant about his minority support.
     
  19. Os Trigonum

    Os Trigonum Contributing Member
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    thumbnail.jpg
     
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  20. Nook

    Nook Member

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    That is all fine and good.... then he and his supporters should complain about how and what the DNC does or if it shows a preference for candidates that are actually democrats. You cannot have it both ways.
     
    joshuaao and jiggyfly like this.

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