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#annual credit report
gendercensus · 4 months
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The 2024 Gender Census is now open!
[ Link to survey ]
The 11th annual international gender census, collecting information about the language we use to refer to ourselves and each other, is now open until 13th June 2024.
It’s short and easy, about 5 minutes probably.
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After the survey is closed I’ll process the results and publish a spreadsheet of the data and a report summarising the main findings. Then anyone can use them for academic or business purposes, self-advocacy, tracking the popularity of language over time, and just feeling like we’re part of a huge and diverse community.
If you think you might have friends and followers who’d be interested, please do reblog this blog post, and share the survey URL by email or at AFK social groups or on other social networks. Every share is extremely helpful - it’s what helped us get 40,000 responses last year.
Survey URL: https://survey.gendercensus.com
The 2024 survey is now closed!
The survey is open to anyone anywhere who speaks English and feels that the gender binary doesn’t fully describe their experience of themselves and their gender(s) or lack thereof.
For the curious, you can also spy on some graphs and demographic data for the incoming responses here.
Thank you so much!
[ Link to survey ]
Image credit: Malachite and rhodochrosite.
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investingdrone · 4 months
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Best Student Credit Cards In Australia 2024
University is an exciting adventure, but it can also be a financial tightrope walk. Between textbooks, rent, study supplies, and that epic weekend trip to Byron Bay, managing your cash flow can feel like an impossible feat. Enter the world of Student Credit Cards! This handy guide dives deep into everything you need to know about these cards, from navigating the application process to using them…
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todaynewsonline · 11 months
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How to Build Business Credit Without Using Personal Credit
How to Build Business Credit Without Using Personal Credit:- Building a successful business involves more than just having a great product or service—it requires a solid financial foundation. One crucial aspect of this foundation is business credit. Many entrepreneurs wonder how to build business credit without relying on their personal credit. In this article, we’ll explore the steps and…
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First, let’s address the fact that hackers recently accessed the personal data of about 14,000 23andMe customers. Because of how 23andMe works—it has a “DNA Relatives” feature that lets users find people they are probably related to—this breach created 6.9 million “other users” who had data stolen in the breach, according to reporting by TechCrunch. This data included people’s names, birth year, relationships, percentage of DNA shared with other 23andMe users, and ancestry reports.
[...]
Getting your DNA or your loved ones’ DNA sequenced means you are potentially putting people who are related to those people at risk in ways that are easily predictable, but also in ways we cannot yet predict because these databases are still relatively new. I am writing this article right now because of the hack, but my stance on this issue has been the same for years, for reasons outside of the hack. In 2016, I moderated a panel at SXSW called “Is Your Biological Data Safe?,” which was broadly about the privacy implications of companies and other entities creating gigantic databases of people’s genetic code. This panel’s experts included a 23andMe executive as well as an FBI field agent. Everyone on the panel and everyone in the industry agrees that genetic information is potentially very sensitive, and the use of DNA to solve crimes is obviously well established.  At the time, many of the possible dangers of providing your genome to a DNA sequencing company were hypothetical. Since then, many of the hypothetical issues we discussed have become a reality in one way or another. For example, on that panel, we discussed the work of an artist who was turning lost strands of hair, wads of chewing gum, and other found DNA into visual genetic “portraits” of people. Last year, the Edmonton Police Service, using a company called Parabon, used a similar process to create 3D images of crime suspects using DNA from the case. The police had no idea if the portrait they generated actually looked like the suspect they wanted, and the practice is incredibly concerning. To its credit, 23andMe itself has steadfastly resisted law enforcement requests for information, but other large databases of genetic information have been used to solve crimes. Both 23andMe and Ancestry are regularly the recipients of law enforcement requests for data, meaning police do see these companies as potentially valuable data mines. 
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Falling inflation, rising growth give U.S. the world’s best recovery
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The European economy, hobbled by unfamiliar weakness in Germany, is barely growing. China is struggling to recapture its sizzle. And Japan continues to disappoint. But in the United States, it’s a different story. Here, despite lingering consumer angst over inflation, the surprisingly strong economy is outperforming all of its major trading partners. Since 2020, the United States has powered through a once-in-a-century pandemic, the highest inflation in 40 years and fallout from two foreign wars. Now, after posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a new recession while offering lessons for future crisis-fighting. “The U.S. has really come out of this into a place of strength and is moving forward like covid never happened,” said Claudia Sahm, a former Federal Reserve economist who now runs an eponymous consulting firm. “We earned this; it wasn’t just a fluke.” On Friday, President Biden hailed fresh government data showing that annual inflation over the second half of 2023 fell back to the Federal Reserve’s 2 percent target. Coupled with Thursday’s news that the economy grew by 3.1 percent over the past 12 months, the Commerce Department report showed that the United States appears to have achieved an economic soft landing. The post-pandemic recovery challenged long-standing economic beliefs, such as the idea of an inverse relationship between unemployment and inflation. (As one rose, the other was expected to fall.) Expressed in what economists call the Phillips curve, this nostrum proved nearly useless in explaining the economy’s recent behavior. [...] “Putting money in people’s hands vs. moving around interest rates, which is monetary policy, fiscal policy is going to be stronger,” Sahm said. “We cannot go into the next crisis being, like, ‘Oh, the Fed’s got this.’” Consumer spending is driving the economy: Real consumption rose by 0.5 percent in December, its fastest pace since last January. Pending home sales jumped, too. Following the flurry of good news, JPMorgan Chase economists said they raised their first-quarter growth forecast.
Biden deserves credit for turning the economy around. This was a front page headline article on the WaPo website for a short time on Sunday Jan. 28th. I didn't see anything about this on The New York Times front page website. The mainstream media should do a better job of conveying this good news about the economy. Certainly, the right-wing media won't do so.
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kp777 · 1 month
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By Julia Conley
Common Dreams
Aug. 16, 2024
Proposals to lower housing, childcare, and healthcare costs for millions of families are "a welcome step in the right direction," said one advocate.
After announcing earlier this week that U.S. Vice President Kamala Harris plans to take on corporate price gouging with the first-ever federal ban in the food and grocery industries, the Democratic presidential nominee's campaign on Friday unveiled details about Harris' broader economic agenda, making clear to advocates that she is focused on lowering numerous costs facing working households.
Along with a four-year plan to boost housing construction, provide financial help to first-time homebuyers, and rein in predatory corporate landlords, Harris announced plans to lower medical costs and provide financial assistance to new parents and families raising young children.
The proposals, which Harris is expected to officially announce at a campaign event in Raleigh, North Carolina on Friday, send the message that "the days of 'what's good for free enterprise is good for America' are over," Felicia Wong, president of the progressive think tank Roosevelt Forward, toldThe Washington Post.
"Harris has made a set of policy choices over the last several weeks that make it clear that the Democratic Party is committed to a pro-working, family agenda," Wong said.
Within Harris' plan to lower healthcare costs, the vice president will include proposals to expand Medicare's cap on prescription drug costs at $2,000 annually to all Americans and to place a limit of $35 per month on insulin. Both policies are provisions of the Inflation Reduction Act (IRA) and currently apply only to Medicare recipients. As the Postreported, allowing all Americans to benefit from the price limits "could face resistance from the pharmaceutical industry and Republicans," who have fought to block Medicare drug price negotiations that were also included in the IRA.
Harris said she would work to expedite those negotiations, the first round of which yielded lower costs for 10 widely used medications that were announced by the Biden administration on Thursday.
"Policies that lift up families will always be popular with voters. Working people want to see action from our federal government to address sky-high costs."
The vice president would also work closely with states to cancel medical debt for millions of people "and to help them avoid accumulating such debt in the future, because no one should go bankrupt just because they had the misfortune of becoming sick or hurt," said the Harris campaign. "This plan builds on Vice President Harris' leadership in removing medical debt from nearly all Americans' credit reports and in helping secure American Rescue Plan funds to cancel $7 billion of medical debt for up to 3 million Americans."
The final plank of the economic plan announced on Friday was focused on "cutting taxes for the middle class," the campaign said, with the vice president pledging to restore and expand child tax credits. Republican presidential nominee Donald Trump's campaign has been focusing on the issue in recent weeks as vice presidential candidate Sen. JD Vance (R-Ohio) has come under fire for his criticism of people who don't have children and for his absence from a Senate vote on expanding the existing child tax credit, which nearly the entire GOP Senate caucus voted against.
The Harris campaign said the vice president would restore the expanded child tax credit that provided a credit of up to $3,600 per child for middle- and lower-income families; the program was passed as part of the American Rescue Plan in 2021, but expired at the end of that year due to opposition from the Republican Party and conservative Sen. Joe Manchin (I-W.Va.), then a Democrat.
Harris would also push for a further "historic expansion of the child tax credit: providing up to $6,000 in total tax relief for middle-income and low-income families for the first year of their child's life when a family's expenses are highest—with cribs, diapers, car seats, and more—and many parents are still forced to forgo income as they take time off from their job."
Diane Yentel, president and CEO of the National Low Income Housing Coalition, said the proposal would also work hand-in-hand with Harris' housing plan to "positively impact families' ability to pay rent."
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Vance earlier this week called for boosting the child tax credit—currently $2,000 per year—to $5,000, but Sen. Ron Wyden (D-Ore.), who proposed a package last month that would have raised the cap on the credit for low-income families, said Vance's failure to vote on the legislation exposed him as "a phony."
"If JD Vance sincerely gave a whit about working families in America, he would have shown up in the Senate a week and a half ago and voted for my proposal to expand the child tax credit and help 16 million low income kids get ahead," said Wyden. "He didn’t even care enough to use his platform to call on his Senate Republican colleagues to support it."
Maurice Mitchell, national director of the Working Families Party, said that with plans to extend tax cuts that disproportionately benefited corporations and the wealthy, "Trump and Vance are going to look out for bosses and billionaires, while Harris and [Democratic vice presidential candidate Tim] Walz are showing working people that they have their backs."
"Policies that lift up families will always be popular with voters. Working people want to see action from our federal government to address sky-high costs," said Mitchell. "By committing to take on greedflation, lower prescription drug costs, and make housing more affordable, Kamala Harris is listening to the voters she needs to turn out in November."
A Data for Progress poll late last month showed that 75% of Americans support slashing prescription drug prices, 79% support making corporations pay their fair share in taxes, and 58% support restoring the expanded child tax credit.
Joseph Geevarghese, executive director of Our Revolution, called Harris' economic agenda "a welcome step in the right direction, particularly with its focus on tackling corporate price gouging, reining in predatory corporate landlords, reducing prescription drug prices, and providing real relief to working families burdened by medical debt."
"However, to truly address the root causes of economic inequality, we must push for comprehensive reforms that dismantle the structural issues enabling corporations to exploit consumers and workers," said Geevarghese. "The Harris-Walz plan's proposals are critical first steps, but the progressive movement will be watching closely to ensure these policies are not only enacted but rigorously enforced to deliver the meaningful change that Americans desperately need."
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olympic-paris · 4 days
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THIS DAY IN GAY HISTORY
based on: The White Crane Institute's 'Gay Wisdom', Gay Birthdays, Gay For Today, Famous GLBT, glbt-Gay Encylopedia, Today in Gay History, Wikipedia, and more …
September 17
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1730 – Friedrich Wilhelm von Steuben (d.1794), also referred to as the Baron von Steuben, was a Prussian-born military officer who served as inspector general and Major General of the Continental Army during the American Revolutionary War. He is credited with being one of the fathers of the Continental Army in teaching them the essentials of military drills, tactics, and disciplines. He wrote the Revolutionary War Drill Manual, the book that served as the standard United States drill manual until the War of 1812.
In Germay, in 1776, he was alleged to be homosexual and was accused of improper sexual behavior with young boys. Whether or not Steuben was actually intimate with other men is not entirely known, but the rumors compelled him to seek employment elsewhere.
On September 26, 1777, the Baron, his Italian greyhound, Azor (which he took with him everywhere), his young aide de camp Louis de Pontière, his military secretary Pierre Etienne Duponceau, and two other companions, reached Portsmouth, New Hampshire and by December 1, was extravagantly entertained in Boston. Congress was in York, Pennsylvania, after being ousted from Philadelphia by the British advance. By February 5, 1778, Steuben had offered to volunteer without pay (for the time), and by the 23rd, Steuben reported for duty to General George Washington at Valley Forge. He served as George Washington's chief of staff in the final years of the war.
Two of the General's soldiers, William North and Ben Walker, were to von Steuben's liking. He legally adopted both men, and they lived together until the Baron's death, at which time they shared in his estate.
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The Lafayette Park Memorial
Many places are named in his honor, including Steubenville, Ohio. His monument by Albert Jaegers in Washington, DC, across the street from the White House in Lafayette Park, is perhaps one of the most homoerotic sculptures in America. Make sure and pay a visit the next time you're in town. You will not regret it.
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1904 – Sir Frederick Ashton (d.1988) began his career as a dancer but is largely remembered as a choreographer.
Ashton was born at Guayaquil in Ecuador, in the artistic neighbourhood called Las Peñas, the original founding site of the city. When he was 13 he witnessed a life-changing event when he attended a performance by the legendary Anna Pavlova in the Municipal Theatre in Lima, Peru. He was so impressed that from that day on he knew he would become a dancer.
In 1919 he went to England to attend Dover College and then to study under the famous Leonide Massine and established a working relationship with the ballet troupe belonging to Marie Rambert and Ninette de Valois. Rambert discovered Frederick's aptitude for choreography and allowed him to choreograph his first ballet, The Tragedy of Fashion in 1926, starting a tremendously successful career as a choreographer.
He began his career with the Ballet Rambert which was originally called The Ballet Club, but he rose to fame with The Royal Ballet, becoming its resident choreographer in the 1930s. His version of La Fille mal gardée was particularly successful. He worked with Margot Fonteyn among others. His broad travesti performances as one of the comic Ugly Stepsisters in Sergei Prokofiev's Cinderella were annual events for many years.
The choreographer's emotional life focused on the unattainable and the unsuitable, and it often wreaked havoc in his ballet company, as when, in the case of the heterosexual Michael Somes (Fonteyn's principal partner), the beloved enjoyed and exploited favoritism to the point that other dancers signed a petition of protest.
Ashton, like so many other famous gay men of his epoch, including Cecil Beaton and Noël Coward, was necessarily discreet, but he was not closeted. The British high society in which he moved enjoyed the scintillating company.
Ashton was a member of the circle of gay men who surrounded Queen Elizabeth, the late Queen Mother, whom he taught to tango. When she heard that Ashton, a formidable mimic, did imitations of her, she allegedly retaliated by imitating his own queenly manners.
In 1962, he was knighted for his services to ballet. He died in 1988 at his home, Chandos Lodge, in Eye, Suffolk, England.
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1926 – Curtis Harrington (d.2007) was an American film and television director whose work included experimental films, horror films, and episodic television. He is considered one of the forerunners of New Queer Cinema.
His memoir, Nice Guys Don’t Work in Hollywood, was recently published by Drag City. The original manuscript was disinterred from a special collection in the Academy of Motion Picture Arts and Sciences and carefully edited by Lisa Janssen, a Chicago-based poet, archivist, and film buff.
For Harrington, the romance with movies began early. He was stirred as a child by the sight of Mr. Death wilting a bouquet of flowers with his breath in Death Takes a Holiday (1934).
Growing up in Beaumont, California, with parents who gave him leeway to pursue his creative interests, Harrington discovered a soul mate in Edgar Allan Poe, and began his film career at 14 with an abbreviated version of “The Fall of the House of Usher.” The director plays both the death-haunted Roderick and his twin sister, Madeline.
Greatly influenced by Maya Deren, co-creator (with Alexander Hammid) of the trance classic Meshes of the Afternoon (1943), he completed a cycle of 16 mm shorts, several of which – Fragment of Seeking (1946), Picnic (1948), On the Edge (1949) – are now regarded as prime examples of West Coast experimental filmmaking. His friendship with Kenneth Anger, director of Scorpio Rising (1963) and author of the notorious bestseller Hollywood Babylon, fueled an appreciation for the mystical and provided occasion to participate, if only peripherally, in the Southern California occult explosion.
Although he enjoyed unfettered creative license during this period, the pressure to conform weighed heavily on the young filmmaker. The conservative postwar climate was an unlikely breeding ground for the deeply personal, highly stylized "film poems" created by Harrington and his contemporaries. His status as an outsider was no doubt intensified by his orientation as a gay man – a subject on which Harrington remains subdued throughout the memoir. "This seemed perfectly natural to me," Harrington writes of his teenage attractions. "It did not occur to me to attach any sense of guilt or shame to my activities." A screening of Fragment of Seeking and Anger’s Fireworks (1947) stunned an audience of Los Angeles intellectuals with its potently surreal evocations of homoerotic desire. "Everyone in the room was too shocked to say a word," Harrington recalls.
The true turning point in his career was the extraordinary Night Tide (1961), a gently haunting fable about a sailor (an uncharacteristically shy Dennis Hopper) who falls in love with a mermaid impersonator (Linda Lawson). Night Tide was distributed by Roger Corman, who in due course offered Harrington two directing assignments: Voyage to the Prehistoric Planet (1965) and Queen of Blood (1966). Harrington was given the task of repurposing a couple of Russian science fiction films to which Corman had acquired the rights.
In the following years he went on to direct a series of B-movies in the horror genre TV series and Made-for-TV movies including The Killer Bees (1974).
At 75, he managed to summon the remainder of his creative vigor to make Usher (2002), a self-financed short film that brought his career full circle. "I went all the way back to the story that had haunted me so early in my life,"
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1928 – Roddy McDowall (d.1998) was born in London on to a Scottish father and an Irish mother. His mother, who had herself aspired to be an actress, enrolled him in elocution lessons at the age of five; and at the age of ten he had his first major film role as the youngest son in Murder in the Family (1938). Over the next two years he appeared in a dozen British films, in parts large and small. McDowall's movie career was interrupted, however, by the German bombardment of London in World War II. Accompanied by his sister and his mother, he was one of many London children evacuated to places abroad.
As a result, he arrived in Hollywood in 1940, and the charming young English lad soon landed a major role as the youngest son in How Green Was My Valley (1941). The film made him a star at thirteen, and he appeared as an endearing boy in numerous Hollywood movies throughout the war years, most notably Lassie, Come Home (1943), with fellow English child star and lifelong friend Elizabeth Taylor, and My Friend Flicka (1943).
By his late teens, McDowall had outgrown the parts in which he had been most successful. Accordingly, he went to New York to study acting and to hone his skills in a wide variety of roles on the Broadway stage.
McDowall was praised for his performance as a gay character in Meyer Levin's Compulsion (1957), a fictionalised account of the Leopold-Loeb murder case; and he won a Tony award for best supporting actor as Tarquin in Jean Anouilh's The Fighting Cock (1960).
After a decade's absence, McDowall returned to Hollywood, and over the last four decades of his life he appeared in more than one hundred films, encompassing a wide range of genres from sophisticated adult comedy to children's fare, from horror to science fiction, usually as a character actor. He also made regular character appearances on TV in such series as the original Twilight Zone, The Carol Burnett Show, Fantasy Island and Quantum Leap.
His best known appearances include those in The Subterraneans (1960), Midnight Lace (1960), Cleopatra (1963), The Loved One (1965), Inside Daisy Clover (1965), Planet of the Apes (1968) and its various sequels, Bedknobs and Broomsticks (1971), The Poseidon Adventure (1973), Funny Lady (1975), and Only the Lonely (1991). His last film role was the voice of Mr Soil, an ant, in A Bug's Life (1997).
Although McDowall never officially came out, the fact that he was gay was one of Hollywood's best known secrets. It is a tribute to his characteristic discretion and the respect with which "Hollywood's Best Friend" was regarded by his peers that his homosexuality was never really an issue or used against him in his six decades in the entertainment business.
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Roddy is offered a hot sausage by Tab Hunter
McDowall died of cancer at his home in Studio City, California, on October 3, 1998. At the time of his death, he held several elected posts in the Academy of Motion Picture Arts and Sciences and was a generous benefactor of many film-related charities.
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1965 – Bryan Singer is an American film director. Singer won critical acclaim for his work on The Usual Suspects, and is especially popular among fans of the sci-fi and comic book genres, for his work on the first two X-Men films and Superman Returns.
Singer was born in New York City. He was adopted by Norbert and Grace Singer and grew up in a Jewish household in New Jersey. He attended West Windsor-Plainsboro High School South, then studied film making at New York's School of Visual Arts and later the USC School of Cinematic Arts in Los Angeles. Actors Lori and Marc Singer are his cousins.
Singer is openly bisexual, and has said that his life experiences of growing up as a minority influenced his movies. In October 2014, it was confirmed he was expecting a child with actress Michelle Clunie. The couple's first son was born on January 5, 2015.
Singer is also executive producer and directed the pilot and first episode of highly regarded TV medical drama House.
Singer is said (or rumoured) to be involved in a number of possible or 'in development' projects at present including: a Superman Returns sequel; a remake of Logan's Run; a Warner Bros. film called U Want Me 2 Kill Him? about a 14-year old British boy who was charged with inciting his own murder, a reimagining of Battlestar Galactica, and a film of Augusten Burroughs' Sellevsion.
In April 2014, Singer was accused in a civil lawsuit of sexual assault of a minor. According to the suit filed by attorney Jeff Herman, Singer is alleged to have drugged and raped actor and model Michael Egan in Hawaii and Los Angeles in the late 1990s. On May 22, 2014, Singer's attorney presented evidence to Federal District Judge Susan Oki Mollway stating that neither Singer nor Egan were in Hawaii at the time. In early August 2014, Egan sought to withdraw his lawsuit.
In May 2014, another lawsuit was filed by attorney Jeff Herman on behalf of an anonymous British man. Both Singer and producer Gary Goddard were accused of sexually assaulting "John Doe No. 117." According to the lawsuit, Goddard and Singer met the man for sex when he was a minor and engaged in acts of "gender violence" against him while in London for the premiere of Superman Returns. The charge against Singer in this case was dismissed, at the accuser's request, in July 2014.
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1975 – Jade Esteban Estrada, born at Lackland Air Force Base in San Antonio, Texas, is a successful Latin pop singer, comedian, choreographer, actor, political commentator, and human rights activist. Out Magazine called him "the first gay Latin star."
As a young boy, he participated in extracurricular school activities and sang in the school choir, where he first noticed that his talent captivated audiences. Through the encouragement of his choir instructor he began to take voice lessons and eventually moved to New York where he worked as an assistant to Tony award-winning actress Zoe Caldwell.
Estrada appeared in the German production of Starlight Express and also worked as a dancer for Seventeen Magazine. After two popular appearances as a transgender singer/dancer on NBC's The Jerry Springer Show, he won the attention of Latin TV personality Charo and worked as her choreographer and lead dancer. He gained international recognition in 1998 when he released his first Latin pop single, "Reggae Twist" on the Brooklyn-based Total Envision Records label. He later turned his attention to solo theater and stand-up comedy.
His recordings include Fabulous Gay Tunes Vol.2, and Being Out Rocks.
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1991 – Scott Hoying is an American singer, musician and songwriter who came to international attention as the baritone of the a cappella group Pentatonix and one-half of the music duo Superfruit. As of June 2021, Pentatonix has released eleven albums (two of which have been number ones) and two EPs, have had four songs in the Billboard Hot 100, and won three Grammy Awards as "the first a cappella group to achieve mainstream success in the modern market". As of November 2021, Superfruit's YouTube channel has over 2.4 million subscribers, and over 444 million views.
Hoying is openly gay and resides in Hollywood. He began dating model Mark Manio in 2017. They got engaged in the Bahamas on April 13, 2022, and were married in Santa Barbara, California on July 7, 2023. Their wedding was officiated by singer-songwriter Christina Perri.
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2001 – Paul Holm, the partner of Flight 93 hero Mark Bingham is presented with the folded American flag.
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ivan-fyodorovich-k · 11 months
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I will be curious to read the vituperative denials of the validity of this article's analysis, which is pasted below the cutoff:
“Are you better off today than you were four years ago?” That question, first posed by Ronald Reagan in a 1980 presidential-campaign debate with Jimmy Carter, has become the quintessential political question about the economy. And most Americans today, it seems, would say their answer is no. In a new survey by Bankrate published on Wednesday, only 21 percent of those surveyed said their financial situation had improved since Joe Biden was elected president in 2020, against 50 percent who said it had gotten worse. That echoed the results of an ABC News/Washington Post poll from September, in which 44 percent of those surveyed said they were worse off financially since Biden’s election. And in a New York Times/Siena College poll released last week, 53 percent of registered voters said that Biden’s policies had hurt them personally.
As has been much commented on (including by me), this gloom is striking when contrasted with the actual performance of the U.S. economy, which grew at an annual rate of 4.9 percent in the most recent quarter, and which has seen unemployment holding below 4 percent for more than 18 months. But the downbeat mood is perhaps even more striking when contrasted with the picture offered by the Federal Reserve’s recently released Survey of Consumer
The survey provides an in-depth analysis of the financial condition of American households, conducted for the Fed by the National Opinion Research Center at the University of Chicago. Published every three years, it’s the proverbial gold standard of household research. The latest survey looked at Americans’ net worth as of mid-to-late 2022 and Americans’ income in 2021, comparing them with equivalent data from three years earlier. It found that despite the severe disruption to the economy caused by the pandemic and the recovery from it, Americans across the spectrum saw their incomes and wealth rise over the survey period.
The rise in median household net worth was the most notable improvement: It jumped by 37 percent from 2019 to 2022, rising to $192,000. (All numbers are adjusted for inflation.) Americans in every income bracket saw substantial gains, with the biggest gains registered by people in the middle and upper-middle brackets, which suggests that a slight narrowing of wealth inequality occurred during this time. In particular, Black and Latino households saw their median net worth rise faster than white households did—though the racial wealth gap is so wide that it narrowed only slightly as a result of this change.
A big driver of this increase was the rising value of people’s homes—and a higher percentage of Americans owned homes in 2022 than did in 2019. But households’ financial position improved in other ways too. The amount of money that the median household had in bank accounts and retirement accounts rose substantially. The percentage of Americans owning stocks directly (that is, not in retirement accounts) jumped by more than a third, from about 15 to 21 percent. The percentage of Americans with retirement accounts went from 50.5 to 54.3 percent, a notable improvement. And a fifth of Americans reported owning a business, the highest proportion since the survey began in its current form (in 1989).
Americans also reduced their debt loads during the pandemic. The median credit-card balance dropped by 14 percent, and the share of people with car loans fell. More significantly still, Americans’ median debt-to-asset, debt-to-income, and debt-payment-to-income ratios all fell, meaning that U.S. households had lower debt burdens, on average, in 2022 than they’d had three years earlier.
The gains in real income (in this case, measured from 2018 to 2021) were small—median household income rose 3 percent, with every income bracket seeing gains. But that was better than one might have expected, given that this period included a pandemic-induced recession and only a single year of recovery.
The picture the survey paints, then, is one of American households not only weathering the pandemic in surprisingly good shape, but ultimately also emerging from it in better financial shape than they were going in. And that, in turn, points to the effect of the U.S. policy response to the crisis: Stimulus payments, enhanced unemployment benefits, the child-care tax credit, and the moratorium on student-loan payments boosted household income and balance sheets, helping people pay down debt and increase their savings. In the process, these policies mildly narrowed inequality.
The U.S. government’s aggressive response to the pandemic, including Biden’s stimulus spending, also helped the job market recover all its pandemic-related losses—and add millions of jobs on top. The resulting tight labor market has been a huge boon to lower-wage workers. In fact, because the Fed survey’s income data end in 2021, it understates the income gains for the bottom half of the workforce, and the shrinking income inequality they’ve produced.
Hourly wages for production and nonsupervisory workers (who make up about 80 percent of the American workforce) rose 4.4 percent year-on-year in the third quarter of 2023, for instance, ahead of the pace of inflation. And this was not anomalous: Arindrajit Dube, an economist at the University of Massachusetts at Amherst, crunched the numbers and found that real wages for that same sector of workers are not just higher than they were in 2019, but are now roughly where they would have been if we’d continued on the upward pre-pandemic trend.
The reason for this is simple: Low unemployment has translated into higher wages. As a recent working paper by Dube, David Autor, and Annie McGrew shows, the tight labor markets of the past few years have given lower-wage workers more bargaining power than in the past, leading to a compression in the wage gap between higher-paid and lower-paid workers. Of course, that gap is still immense, but the three scholars found that the wage gains for lower-paid workers have rolled back about a quarter of the rise in inequality that has occurred since the 1980s.
So what should we take away from the Survey of Consumer Finances data, and from Dube, Autor, and McGrew’s work? Not that everything is fine, but that public policy and macroeconomic management matter a lot. Enhanced unemployment benefits, the child-care tax credit, the stimulus payments—these things materially improved the lives of Americans and helped set the economy up for a strong recovery. If the policy response had been less aggressive, the U.S. economy would be in worse shape now. This is something you can see by looking at Europe, where economies are growing far more slowly and unemployment is higher, while inflation is no lower.
Key to this story is the fact that lower-wage workers in particular would be worse off, because they have been among the chief beneficiaries of the low unemployment created by the robust recovery. It’s a useful reminder that stagnant wages are not an inevitable result of American capitalism: When labor markets are tight, and employers have to compete with one another for employees, workers get paid more.
So, even allowing for the high inflation we saw in 2022, no one could really look at the U.S. economy today and say that the policy choices of the past three years made us poorer. Yet that, of course, is precisely how many Americans feel.
Although that pessimism does not bode well for Biden’s reelection prospects, the real problem with it is even more far-reaching: If voters think that policies that helped them actually hurt them, that makes it much less likely that politicians will embrace similar policies in the future. The U.S. got a lot right in its macroeconomic approach over the past three years. Too bad that voters think it got so much wrong.
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Joe Biden’s gifts to America
August 2, 2024
Robert B. Hubbell
Over his half-century of public service, Joe Biden bestowed many gifts on America. True, like every politician with a fifty-year record, he has made his share of mistakes. But when it mattered most, Joe Biden stepped into the breach to defend democracy and provide hope to America when it flagged.
He stepped up to challenge Trump in 2020 because he believed he could save America from the horrors of a second Trump term. He was right. That was a gift.
Over the next four years, he restored decency, compassion, and fairness to the governance of great nation. That was a gift.
He proposed and passed sweeping legislation that made historic investments in fighting climate change, protecting the environment, ending child poverty, rebuilding our infrastructure, and bringing chip manufacturing back to America’s shores. That was a gift.
He restored the broken relationships between America and its allies. He was able to do so because our allies recognized that he was a good and decent man whose word could be trusted. That was a gift.
Today, Joe Biden’s gift of renewed international alliances resulted in the freedom of three American citizens wrongfully detained by Russia. The exchange would not have happened except for the relationship of trust and goodwill between President Joe Biden and German Chancellor Olaf Scholz.
The German Chancellor agreed to release a Russian assassin held in a German prison. In agreeing to the deal, Chancellor Scholz told Biden, “For you, I will do this.” See WaPo, Inside the deal that led to a blockbuster prisoner swap between U.S., Russia. (This article is accessible to all.)
The complex deal involved 24 detainees and 7 countries—the most complicated prisoner swap between the US and Russia in history. President Biden continued to work his relationships with foreign leaders to close the deal until the very moment he announced his withdrawal from the presidential race. Joe Biden’s selfless efforts were a gift.
The complex deal could not have happened without Joe Biden and Kamala Harris or the cooperation of six US allies. Vice President Kamala Harris played an active role in the negotiations, including private meetings with the Slovenian Prime Minister and German Chancellor at the annual Munich security conference.
The complexity of the deal is beyond the comprehension or attention span of Donald Trump—who boasted that he could secure the release of US detainees from Russia without giving any concessions to Putin. After Joe Biden finished his press conference announcing the deal, a reporter shouted a question about Trump's boast that “that he could have gotten the hostages out without giving anything in exchange.”
Biden stopped, returned to the lectern, and asked, “Why didn’t he do it when he was president?” See embedded video, here.
Within an hour of completing negotiations for the swap, Joe Biden withdrew from the presidential race. Thirty-minutes later, he endorsed Kamala Harris for president. At a time when party leaders and podcast pundits were calling for “mini-primaries” and an “open convention,” Joe Biden had the wisdom and foresight to realize that Democrats needed unity and certainty.
Kamala Harris had earned Joe Biden’s endorsement, and he gave it promptly and enthusiastically. Forty-eight hours later, Kamala Harris was the presumptive nominee of the Democratic Party. That was Joe Biden’s final gift—a seamless transition that has allowed Democrats to overtake Trump in less than two weeks. Kamala Harris deserves great credit for that result, but so, too, does Joe Biden for his selfless actions, wisdom, and political foresight.
[Robert B. Hubbell Newsletter]
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gendercensus · 1 year
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The 2023 Gender Census is now open!
[ Link to survey ]
The 10th annual international gender census, collecting information about the language we use to refer to ourselves and each other, is now open until 9th May 2023.
It’s short and easy, about 5 minutes probably.
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After the survey is closed I’ll process the results and publish a spreadsheet of the data and a report summarising the main findings. Then anyone can use them for academic or business purposes, self-advocacy, tracking the popularity of language over time, and just feeling like we’re part of a huge and diverse community.
If you think you might have friends and followers who’d be interested, please do reblog this blog post, and share the survey URL by email or at AFK social groups or on other social networks. Every share is extremely helpful - it’s what helped us get 40,000 responses last year.
Survey URL: https://survey.gendercensus.com
The survey is open to anyone anywhere who speaks English and feels that the gender binary doesn’t fully describe their experience of themselves and their gender(s) or lack thereof.
For the curious, you can also spy on some graphs and demographic data for the incoming responses here.
Thank you so much!
[ Link to survey ]
Image credit: Avery at Tradescantia Hub
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brf-rumortrackinganon · 4 months
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When Meghan came on the scene the leaking blew up and I think everyone in the family knew that it was her and I think everyone saw how toxic she was to Harry and how abusive she was to staff & family & family friends and that is how she was told she wouldn’t become a working royal and wouldn’t get access to Charles’s Duchy of Cornwall funds as she wouldn’t be a working royal
She wouldn't have had access to the Duchy of Cornwall funds as a working royal anyway.
It's not been clear on how the finances worked with Charles but either he gave everyone an allowance (not sure how it was disbursed, like monthly or annually) or everyone reported their expenses and he paid reciepts.
He never gave anyone a checkbook or an unlimited credit card, which seems to be what a few people think may have been happening. There were absolutely restrictions on what they could spend. They were generous restrictions, but they were restrictions nonetheless.
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darkmaga-retard · 1 month
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What she’s reportedly unveiling on Friday is the height of insanity.
Jordan Schachtel
Aug 16, 2024
Vice President Kamala Harris has a plan to fix the economy.
Well, at least she thinks she does, because the lady clearly doesn’t have the slightest understanding of basic market forces. Or maybe she does and she’s happy to destroy the American economy in order to score political points with her base. Either way, what she’s reportedly unveiling on Friday is the height of insanity.
Harris will reportedly unveil her economic agenda on Friday, and it will involve several destructive elements.
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First, she proposes providing up to $25,000 in down payment support for hundreds of thousands of first-time homeowners, in addition to delivering tens of thousands in tax credits to first-generation homeowners, according to several media reports.
Let’s run the numbers on that one.
There are 1.8 million first-time homeowners in America on an annual basis. So that program, if it comes to fruition, would result in at least $45+ billion(!) in annual spending. If you’re denominating this amount in Ukraine slush fund bucks, it comes out to about One Annual Zelensky.
Like almost all government spending initiatives, the home buyers program would come with zero productivity attached to it, meaning it would just make homes more expensive. It would further manipulate housing markets and further detach our society from the understanding that a home is a home, and not an investment vehicle. The specific downpayment assistance would put people in homes who probably shouldn’t be buying homes. This would help to spark a home mortgage crisis akin to the financial crisis we witnessed during the Obama years.
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Articles, reports, and studies about agriculture are likely to contain some version of the following sentiment: “The population is expected to grow to almost 10 billion people by 2050. We must double food production in order to meet demand without hiking up prices. How are we going to produce enough food to feed all of these people without destroying the planet?” Increasing food production to meet the demands of a growing population is presented as the ultimate conundrum. Proposed solutions are predominantly centered on increased reliance on technologies to maximize yields and feed ‘all of these hungry people’ as the population grows, accelerating at a seemingly unstoppable rate. Whatever new technologies or techniques are introduced, they are, first and foremost, measured along the metric of increasing yield. This narrative isn’t just misguided — it depoliticizes the problem, shifting blame in a dangerous way. The reality is that we have enough food on the planet to feed every human being a calorically complete and healthy diet. Contrary to popular belief, hunger is most often caused not by a lack of food but by a lack of access. With the amount of food we produce today, we could feed the highest population prediction of 10 billion people by 2050 — today. This has much more to do with economic inequality than anything to do with population. The people who cannot afford food are most often the people involved in growing it. The vast majority of the world’s impoverished people, most of whom live in rural areas, are involved in agriculture. This seems counterintuitive, but many farmers worldwide are net food buyers, meaning they do not subsist on the food they grow, they sell their crops and use that money to buy food for their families. When prices for crops are too low to offset input prices, when farmers face barriers to accessing markets or credit, or they are forced into exploitative contracts or other arrangements, farmers do not have adequate funds to purchase food for themselves and their families. This is the result of the long process of industrialization that has displaced millions of rural people and removed them from their traditional agricultural practices, replacing polycultures with monocultures. Perhaps the other most damning piece of evidence to counter the narrative that we must ramp up production to end hunger is that some cities have already ended it — without increasing yield. Belo Horizonte, one of the largest cities in Brazil, managed to virtually eliminate hunger through a network of policies addressing different facets of the issue. They expanded school meal programs; partnered with local small farmers to deliver produce to underserved parts of the city at fixed prices for staples; created subsidized restaurants where people could eat affordable, dignified meals, and a host of other policies. It never took more than 2 percent of their annual budget, and the whole transition took less than 10 years. It didn’t require corporations ‘innovating’ or developing expensive technologies. It required political will, the strengthening of governance systems, declaring food as a right of citizenship, and correcting for hunger as a market failure. We are choosing not to end hunger. Presenting it otherwise obscures the fact that it is, at its core, a matter of political will — not a matter of ability.
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odinsblog · 5 months
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For all the time Republicans spend complaining about the economic struggles faced by everyday Americans, they remain steadfast in their commitment to ensuring major corporations can continue squeezing their customers.
Late Wednesday afternoon, the GOP-controlled House Financial Services Committee voted to advance a bill that would repeal a new Consumer Financial Protection Bureau (CFPB) rule that drastically reduces the caps on credit card late fees - from $30-$41 to $8.
The legislation would also repeal the CFPB's ban on automatic adjustment of late fees due to inflation. In the Democratic-controlled Senate, where the bill is expected to fail, a similar repeal measure was introduced by Banking, Housing, and Urban Affairs Committee Ranking Member Tim Scott (R-S.C.) — who has recently devoted most of his energy to fawning over Donald Trump — and co-sponsored by 12 other Republicans.
“Credit card companies penalize consumers with exorbitant late fees that far exceed their actual costs, raking in billions of dollars in profits on the backs of those who can least afford it,” said Chuck Bell, advocacy program director for Consumer Reports, in a statement urging Congress to reject the repeal.
According to Republicans on the committee, however, lowering late fees will “harm consumers by shifting costs to responsible consumers who pay on time in the form of higher annual fees and higher interest rates,” while removing incentives for timely payments.”
An analysis published this week by the watchdog group Accountable.US found that Republicans on the committee have “received over $7.9 million from industry groups against this rule and the largest credit issuers.”
(continue reading)
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albertonykus · 2 months
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Doraemon Movie Review: Nobita's Earth Symphony (2024)
What is Doraemon? The title character of the Doraemon manga and anime is a blue robotic cat from the 22nd Century who keeps an array of high-tech gadgets in a portable pocket dimension on his belly, and has traveled from the future to improve the fortunes of a hapless schoolboy named Nobita. Although relatively obscure in the English-speaking world, Doraemon is a Mickey-Mouse-level cultural icon in East Asia (and some other regions, too). The Doraemon franchise was a big part of my childhood, and there are still elements of it that I enjoy now.
Doraemon has released theatrical films almost annually since 1980, most of which involve Nobita and his friends (kind Shizuka, brash Gian, and crafty Suneo) getting swept into adventures thanks to Doraemon's gadgets. Despite being of potentially broad appeal to fans of science fiction and animated films, there are very few English reviews of the Doraemon movies, so I've embarked on a project to write about all the films, for as long as I continue watching them, at least.
For links to all of my Doraemon movie reviews, see here.
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Movie premise: Nobita and his friends respond to a mysterious request seeking help from "talented musicians".
My spoiler-free take: A nice tribute to the human affinity for music, despite some issues with pacing.
POTENTIAL SPOILERS AFTER THIS POINT
Review: I was very intrigued when I first heard about the premise of this movie, because music is a theme that the Doraemon films had not really explored before. Having seen the movie now, I'm happy to report that I had a pretty good time! Beyond the handling of its main subject matter, I enjoyed that the foreshadowing here was surprisingly well thought out. There's so much setup in the beginning and middle of the story that pays off at the end. This includes the use of a gadget (the Future Diary) that would probably be considered "too overpowered" to be acknowledged in a typical Doraemon movie!
The film does have its flaws, of course, and the biggest in my opinion come down to the pacing. Several moments that are framed as emotional or dramatic are resolved or brushed aside too quickly, when they would've benefited from being given more time and gravitas. There's also some ending fatigue that kept me second-guessing, "Is this the climax? No, wait, is this the climax?"
However, the actual climax is quite nicely done and well worth experiencing in theaters for full effect. (It's a musical performance after all, as is pretty much a given in a movie about music.) As a tribute to the importance and appeal of music to humanity, I think the movie is very much a success.
As usual for a Doraemon movie, most of the character focus is on Nobita and his new movie-exclusive friends, but the rest of the main cast does have an active presence throughout. One thing I would've liked to see is more elaboration on why each character is deemed compatible with the instruments that they're assigned for their performances. Gian is said to be suited to playing the tuba due to his lung capacity, and the relevance of the recorder to Nobita's character arc is self-evident, but no such explanations are given for why Suneo gets the violin or why Shizuka is assigned to percussion.
Speaking of which, considering that Shizuka is the one main character who has an established affinity for playing musical instruments outside of school (she takes piano lessons and enjoys playing the violin, despite being bad at it), I'd hoped that she would play an important role in this movie. As it turns out... it would be a stretch to say that she's particularly important to the story, but the film did meet my bare minimum expectations for how much she would be involved. Her piano playing is relevant to the plot in one scene, and her poor violin skills also come up (albeit only during the end credits). Even so, it does feel like there were some missed opportunities; for example, maybe a scene where she wants to swap instruments with Suneo would've been funny. At the very least though, this movie doesn't contain a bath scene or any other similarly distasteful joke involving her, so that's good.
Star rating: ★★★☆☆
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misfitwashere · 2 months
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Joe Biden’s gifts to America
August 2, 2024
ROBERT B. HUBBELL
AUG 2
Over his half-century of public service, Joe Biden bestowed many gifts on America. True, like every politician with a fifty-year record, he has made his share of mistakes. But when it mattered most, Joe Biden stepped into the breach to defend democracy and provide hope to America when it flagged.
He stepped up to challenge Trump in 2020 because he believed he could save America from the horrors of a second Trump term. He was right. That was a gift.
Over the next four years, he restored decency, compassion, and fairness to the governance of great nation. That was a gift.
He proposed and passed sweeping legislation that made historic investments in fighting climate change, protecting the environment, ending child poverty, rebuilding our infrastructure, and bringing chip manufacturing back to America’s shores. That was a gift.
He restored the broken relationships between America and its allies. He was able to do so because our allies recognized that he was a good and decent man whose word could be trusted. That was a gift.
Today, Joe Biden’s gift of renewed international alliances resulted in the freedom of three American citizens wrongfully detained by Russia. The exchange would not have happened except for the relationship of trust and goodwill between President Joe Biden and German Chancellor Olaf Scholz.
The German Chancellor agreed to release a Russian assassin held in a German prison. In agreeing to the deal, Chancellor Scholz told Biden, “For you, I will do this.” See WaPo, Inside the deal that led to a blockbuster prisoner swap between U.S., Russia. (This article is accessible to all.)
The complex deal involved 24 detainees and 7 countries—the most complicated prisoner swap between the US and Russia in history. President Biden continued to work his relationships with foreign leaders to close the deal until the very moment he announced his withdrawal from the presidential race. Joe Biden’s selfless efforts were a gift.
The complex deal could not have happened without Joe Biden and Kamala Harris or the cooperation of six US allies. Vice President Kamala Harris played an active role in the negotiations, including private meetings with the Slovenian Prime Minister and German Chancellor at the annual Munich security conference.
The complexity of the deal is beyond the comprehension or attention span of Donald Trump—who boasted that he could secure the release of US detainees from Russia without giving any concessions to Putin. After Joe Biden finished his press conference announcing the deal, a reporter shouted a question about Trump's boast that “that he could have gotten the hostages out without giving anything in exchange.”
Biden stopped, returned to the lectern, and asked, “Why didn’t he do it when he was president?” See embedded video, here.
Within an hour of completing negotiations for the swap, Joe Biden withdrew from the presidential race. Thirty-minutes later, he endorsed Kamala Harris for president. At a time when party leaders and podcast pundits were calling for “mini-primaries” and an “open convention,” Joe Biden had the wisdom and foresight to realize that Democrats needed unity and certainty.
Kamala Harris had earned Joe Biden’s endorsement, and he gave it promptly and enthusiastically. Forty-eight hours later, Kamala Harris was the presumptive nominee of the Democratic Party. That was Joe Biden’s final gift—a seamless transition that has allowed Democrats to overtake Trump in less than two weeks. Kamala Harris deserves great credit for that result, but so, too, does Joe Biden for his selfless actions, wisdom, and political foresight.
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