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NY Feds Policy Change May Crush Circles Plan To Implement Fed Payment Rail
NY Fed’s Policy Change May Crush Circle’s Plan To Implement Fed Payment Rail https://bitcoinist.com/feds-policy-change-crush-circle-plan-implement-fed/ Following the recent disclosure of Circle’s goal to get approved for the Fed program, the New York Fed has now updated its rules crushing the stablecoin issuer’s plan. Though the rule is not directed solely to hinder Circle’s goal, however, it has cast uncertainty over the company’s intention to implement Federal payment rail. According to an announcement published on April 25, the New York Federal Reserve has made changes to its eligibility criteria for parties looking to participate in its reverse repurchase agreements (RRP). Policy Change Sabotages Circle’s Plan In a Federal Reserve Reverse Repurchase Agreement (RRP), the Fed sells securities to eligible counterparties with an agreement to buy them back at the maturity date. This has been seen by companies such as Circle as a way to earn interest, therefore, making the company want to implement the system. However, the latest update of the New York Federal Reserve Policy appears to sabotage that specific Circle plan. Circle maintains a Reserve Fund that is managed by investment management firm BlackRock. The fund is classified as a 2a-7 fund and is exclusively available to Circle. However, the Federal Reserve’s statement suggests that this classification under which the Circle reserve fund is labeled may disqualify Circle from participating in the upcoming Federal program. The New York Fed stated: SEC-registered 2a-7 funds that, in the sole judgment of the New York Fed, are organized for a single beneficial owner, or exhibit sufficient similarities to a fund so organized, generally will be deemed ineligible to access reverse repo operations. A 2a-7 fund is a type of money market fund that is regulated by the Securities and Exchange Commission (SEC) under Rule 2a-7 of the Investment Company Act of 1940. These funds are designed to be low-risk, highly liquid investments that provide a stable value and yield to investors. The primary goal of this government money market funds is to ensure that funds under it can promptly fulfill investor redemptions. Particularly, funds falling under this category must hold a minimum of 10% of their total assets in daily liquid assets and at least 30% of their total assets in weekly liquid assets. Fed Payment System Imposes Potential Risk On Circle Circle’s approval into the Federal Reserve’s program would enable the stablecoin issuer to earn interest on excess funds by investing in low-risk Treasury securities, and therefore, help maintain the stability of its stablecoin, USDC Coin, while also generating interest income. However, In January, the Bank Policy Institute, a prominent advocacy group for US banks, argued otherwise and warned that in the event that Circle’s USDC is granted access to the RRP, it could potentially create a stablecoin that is effectively backed by the Federal Reserve. This poses a risk to the stability of the financial system. Despite this, in March, Raagulan Pathy, the Asia-Pacific vice president of Circle, said that the company’s ultimate goal remains to keep all of its cash with the Federal Reserve and utilize the payment rails to the Fed. This approach would decrease Circle’s reliance on traditional financial (TradFi) partners, according to Pathy. Meanwhile, the USDC market cap value has been moving in a downtrend in the past week. Over the past 24 hours, the USDC market cap has declined by 0.1% with the total value sitting at $3.6 billion. Featured image from Unsplash, Chart from TradingView via Bitcoinist.com https://bitcoinist.com April 26, 2023 at 03:30PM
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After a year of war, why is Russian gas still flowing through Ukraine?
“Almost from the moment Russia invaded last year, Ukraine has been insistently urging European countries to end their reliance on Russian gas, arguing that these purchases are effectively funding Russia’s war effort. ‘Please do not sponsor the weapons of war of this country, of Russia,’ Ukrainian President Volodymyr Zelenskyy told the European Parliament last March. ‘No euros for the occupiers. Close all of your ports to them. Don’t export them your goods. Deny energy resources. Push for Russia to leave Ukraine.’ Europe has responded, though not as forcefully as some would like, cutting its use of Russian oil and gas, investing in other energy sources and vowing to completely phase out Russian imports by 2027. U.S. and European intelligence agencies reportedly now suspect that a pro-Ukrainian group was behind the explosion that damaged the Nord Stream gas pipelines linking Russia and Germany. ...”
GRID
NBC News: Defiant Putin visits Mariupol in first trip to occupied eastern Ukraine (Video)
BBC - Yevgeny Prigozhin: From Putin's chef to Wagner founder
NY Times: Inch by Bloody Inch in Ukraine War, Russia Is Closing In on Bakhmut
YouTube: What impact will ICC warrant for President Putin's arrest have? | Inside Story
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( dylan o’brien , 25 , cismale , he/him ) * hey , i’m looking for the office of griffin olson . they’re the employee who’s known around the office as the party animal , if that helps ? not to be a gossip , but i’ve heard that they’re extroverted but reckless , is that true ? i’ve also heard that they’re the one who did a line on a fax machine . anyways , here’s the coffee they ordered . ( admin sabrina , 21 , she/her , est )
hiii i’m admin sabrina and aaAAAHHHHH thank u for joining my group :’) umm a little abt me is that i’m a leo and black and i play a lot of instruments and i love ari and harry and 5sos and the driver era and marvel and bnha and i’m going to law school in nyc in the fall so AHHHHHH again but fr i love making friends so hmu on 𝐬𝐚𝐛𝐫𝐢𝐧𝐚#3541 even just to chat faljsfkjsfkljj
anyways this is my boy griffin and basically............ homeboy needs to pick up a mortage or smth FJSLJFSLJFJJ
tws: alcohol and drug mentions .
* statistics .
FULL NAME: griffin lee olson NICKNAMES: griff , griffy , g FACECLAIM: dylan o’brien but exclusively this era STAR SIGN: gemini HEIGHT: 6′1″ HOMETOWN: brooklyn , ny ORIENTATION: heterosexual OFFICE OCCUPATION: lobbyist POSITIVE TRAITS: amicable , energetic , optimistic NEGATIVE TRAITS: irresponsible , insouciant , impulsive ALCHOL/DRUG USAGE: heavy for both , & has an unhealthy reliance on the latter when he’s extra stressed . only those close to him or happen to have seen him getting a $20 nosebleed ( aka doing a LINE and being a COKIE MONSTER ) will know about the drug thing , but the alcohol part is easier to find out since too often he wears sunglasses to work to cover his bloodshot eyes flajfafj THEME SONG: don’t threaten me with a good time by panic! at the disco CHARACTER INSPO: peter quill ( marvel ) , thor odinson ( marvel but specifically in ragnarok and endgame ) , deadpool ( marvel ) , sokka ( atla ) , klaus ( the umbrella academy ) , beast boy ( teen titans ) , nyles ( palm springs ) cody ko ( tmg ) , nick miller ( new girl ) , aldous snow ( forgetting sarah marshall ) & any party animal character you can think of AESTHETICS: neon signs lighting up the night , setting five alarms and sleeping through them all , cold liquor on an empty stomach , a cluttered desk and a messy nightstand , winking at strangers , and popping bubble gum . SECRET: hehehehehehehehehehe
* brief backstory .
griffin’s dad is a used-car salesman and his mom is an attorney who sells avon on the side , so g grew up knowing how to talk . it already helped that he’d been sociable from the start , oftentimes being scolded by his mom for talking the ear off of the person sitting next to them on the subway . but his parents had to be persuasive for a living and that transferred onto griffin . the popular kid to some and the class clown to others , griffin spent his middle and high school years buttering people up with his words and friendship , with his long brown eyelashes and boyish grin . it got him the last bag of chips from the snack cart , an extra five points on his calculus quiz , and free handles of liquor from the seniors . being so well-liked meant griffin was invited to a lot of parties , and that’s where the addiction began . he’s addicted to alcohol , to any drug that gets his veins feeling like electricity , to meeting strangers in loud basements and that pounding feeling in the back of his temple . this carried onto college , so griffin never really got the chance to grow up . he’d never been smacked with the reality that life isn’t all tequila shots and drake songs , and it didn’t help that the profession his parents introduced him to only required an ironed suit from him at the most . he went from one crowded room to another , this one just with more briefcases , surrounded by strangers once more and doing a line with his colleagues . now , working at masters in the heart of the world’s most vibrating city , who knows how long before griffin takes his lifestyle too far ?
* what he does in the office .
he’s a lobbyist for masters ! he’s been there for four years now . basically he works for masters as a messenger to the government . masters is huge and influential and powerful and sometimes they wanna introduce or ban or amend legislations all in the name of making them more powerful and monopolistic , and that’s where griffin comes in . his job is to basically schmooze for the benefit of the company . it sounds like a super important job and it is , and griffin does it well . he’s still immature though 💔 catch him recovering from a hangover and sleeping on his desk most days of the week .
* his personality, summarized .
super sociable and energetic when he’s not hungover , mostly nice but can get snappy if he has a reason to be . tends to ramble . the biggest party animal ever , almost to an insane amount . is down for any opportunity to get lit , no matter the time of day or who he’s with . don’t trust him for anything , he’ll forget about it but at least not on purpose . he’s loyal to the people he likes though so that’s nice !
* wanted connections .
long-term relationship on the verge of ending ( open to f / nb ) : i have a lot of ideas for this and i’d love someone to do this with soooooo hmu if ur tryna plot this mess out 👀 best friend ( open to m / f / nb ) : self-explanatory but everyone loves a fun best friends duo fwb ( open to f / nb ) : I MEANNNNNNNN B) THIS?????? drugs tw tho ( open to f / nb ) : mayb they’re crazy when 2gether 🤪 ex-friend ( open to m / f / nb ) : imagine the DRAMA ex ( open to f / nb ) : everyone loves a messy ex plot . it’s me , i’m everyone . exes to besties ( open to f / nb ) : can u imaGINE enemy ( open to m / f / nb ) : there’s definitely someone in this world who hates griffin . or on the flip side , this might be someone he hates ! maybe it’s even mutual personal assistant/intern ( open to m / f / nb ) : SOMEONE PLEASE HELP THIS MAN NOT GET FIRED . also this connection has sooooooo much potential to it too ! sibling ( open to m / f / nb ) : can be sibling-sibling , half-siblings , step-siblings , any of it ! dealer ( open to m / f / nb ) : yanno.
* i’m literally down for anything so just hmu :) i wanna plot w u all !
#masters.intro#like this post if u wanna plot n i'll slide into ur discord/tumblr ims 😎#also yes...... i picked this gif solely bc it matched the blog aesthetic#drugs tw#alcohol tw
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A GENERAL INABILITY
Funny how national events – or events that capture the national attention – stir one’s memory. To this writer, the attack on the national Capitol last January 6th was such an event. He recalled something he read some years ago. That being the late Christopher Lasch’s book, The Culture of Narcissism.[1] When Lasch wrote that book, he seemed to be motivated in part to explain the prevalence of leftist, anti-war demonstrators and of the then popular cultist movements. It seems that what he had to say then, in the late seventies, has relevance today.
His basic area of concern is how bourgeois society has lost its ability to meet challenges. Not only was the Western world unable to think of big solutions, but there also seems to be a lack of willingness to even try. And that state is not a reaction to a lack of such challenges; they are out there and threaten to overwhelm those societies, including the US. One can say that even though Lasch wrote this work some thirty years ago, his concerns are still affecting those nations today.
It is as if classical liberalism,[2] a central strain of belief in the West, has lost its ability to account for multinational corporations or be able to sustain a welfare state. More targeted in his comments is that that liberalism’s approach, that of science, has not developed effective policies to address the ongoing human/social problems that keep afflicting the West.
For example, while the loss of manufacturing jobs in the West to developing, low wage countries – mostly in Asia – has left behind segments of those western countries in dire economic straits, none of the western countries seem to devise the policies that would meet that challenge. Here is one account of this lack of development:
Even if the loss of manufacturing jobs in advance economies may have contributed relatively little to aggregate inequality in advance economies, the negative consequences appear to have been sizable and persistent for some groups of workers and their communities. Expanding access to programmes that facilitate the reskilling of displace workers and reduce the costs of their reallocation, as well as strengthening safety nets and targeted redistribution policies, can help soften the blow imposed by structural transformation and help ensure that the gains of productivity growth are shared more broadly.[3]
While this transformation has been going on since the seventies, this cited account was written in 2018. In all that time no meaningful program has been developed to provide the reforms that would reestablish those workers’ prior standing. They, the dispossessed, instead have become prime candidates for radicalization.
Lasch writes, “The natural sciences, having made exaggerated claims for themselves, now hasten to announce that science offer no miracle cures for social problems.”[4] Why this interruption to a history of ongoing successes and advancements? According to Lasch, one change has been significantly less reliance on the study of history.
And he not only points out that there is a lack of objectified history (which scientific bias would prefer), but a history soaked in “moral dignity, patriotism, and political optimism.” That is a history that not only tells of the past but does it with a dose of encouragement, praise, or castigation when a historical tale merits such an account.
The assumption was that before the post-World War II period, the people were able and disposed to learn from the past, but now the message is that the past is irrelevant. It stems from the notion that now is modern and then was, well, then and irrelevant to modern challenges. And this sense for contemporary conditions and their qualitative qualities seems to have affected those in power up and down the political power grid. And when problems are not fixed or are not even meaningfully addressed, distrust by those in harm’s way follows.
Recently, after giving conservatives a healthy dose of criticism, this writer pointed out that liberals have their own shortcomings as well. He then stated that that criticism waited for another venue to express some of that message. Here it is. Yes, over reliance on government has led to the diminution of local governance. This nation, in many areas, has experienced over-governance by empowered, far-off bureaucracies with dehumanizing regulations about how local things should be done. Please do not interpret this with a non-nuanced eye.
It is not an either/or issue, but one of degree. In a world of multinational corporations with enormous power, it is often the case that only central governments can meet the challenges they, the corporations, create or ignore. The trick – as it is with most of life – is to hit the right combination. But there is more to this general problem area than merely not reading history. And addressing that other area or areas will be done at some later posting.
But for now, this posting leaves the reader with this quote from Lasch:
The inadequacy of solutions dictated from above now forces people to invent solutions dictated from below. Disenchantment with governmental bureaucracies has begun to extend to corporate bureaucracies as well – the real centers of power in contemporary society. In small towns and crowded urban neighborhoods, even in suburbs, men and women have initiated modest experiments in cooperation, designed to defend their rights against the corporations and the state. The “flight from politics,” as it appears to the managerial political elite, may signify citizen’s growing unwillingness to take part in the political system as a consumer of prefabricated spectacles … not a retreat from politics at all but the beginnings of a general political revolt.[5]
Well, now thirty plus years later, as events in Texas this last week indicate – and while the problems with the power there is due to the mismanagement of a state, not a national entity – that revolt still has a way to go.
Perhaps if the states’ civics curricula were guided not by a natural rights point of view – one that blends in with Lasch’s observation for a preference of objectified studies – but one guided by federation theory, then, at least, how young people are taught about government and politics might help.[6] It has come to this writer’s attention that the state of Florida is going to consider in its legislature’s next session a mandated change in its public schools’ civics curriculum to offer a more local emphasis. Hopefully, that comes about, and the resulting change will be effective.
If change along the lines that Lasch suggests does not take place, what then? He goes on to address the way this whole current situation creates the conditions that generates a generation of radicals such as those who took it upon themselves to attack the US Capitol. As hinted to above and reflecting the reason this writer presently took up this topic, when this blog again addresses it, it will share Lasch’s attempt at predicting in more detail.
[1] Christopher Lasch, The Culture of Narcissism: American Life in an Age of Diminishing Expectations (New York, NY: W. W. Norton and Company, 1979).
[2] One can see classical liberalism as a main element of the natural rights view, that his blog claims has taken prevalence since World War II.
[3] Oya Ceasun and Bertrand Gruss, “The Declining Share of Manufacturing Jobs,” Vox(EU)/CEPR (May 25, 2018), accessed February 23, 2021, https://voxeu.org/article/declining-share-manufacturing-jobs . British spelling.
[4] Ibid., xiv.
[5] Ibid., xv.
[6] If the reader agrees, this writer’s book, Toward a Federated Nation, might assist educators and interested citizens to bring about such a shift. See Robert Gutierrez, Toward a Federated Nation: Implementing National Civics Standards (Tallahassee, FL: Gravitas/Civics Books, 2020). Available through Amazon.
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Choice new york comapanies
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Shaker
“A Shaker chair, spare and elegant, will give instant and familiar visual pleasure to the eye schooled in modernist design. But like certain strains of modernist art – geometric abstraction, say – it may also be read as an ideal of order and balance, which has particular urgency in an uncentered late 20th- century world.” An excerpt from the New York Times on August 2, 1996. This is a beautiful sentiment. When all feels uncertain, unknown or "uncentered", we turn with urgency to the traditions that ground us, to the "balance" from which we came. We set off in search of the basics, and come up to the surface with the common denominators that link us all. Design is at the mercy of this right now. And on this week of tradition making, in this time of unrest, we're exploring a foundational tenet of American design.
Technology has offered us a multitude of hands with which to manipulate and experiment beyond our wildest dreams, but the basics -- the simplest forms -- remain the most appealing. Since 1776, those forms have been largely shaped by a small group of religious folks in New England known as the Shakers. Living under rigid lifestyle mandates which demanded humble work, the Shakers rejected unnecessary adornment in all of their surroundings. They believed in the principle notion of an ideal form and of honesty in materiality, which needn't be manipulated. At the core of Shaker design was a reliance upon these things that we can all share -- a simple piece of local wood, the necessity for practicality, the acceptance of natural imperfection. This is what we admire so much about the design. It is at its core democratic, it is accessible, and it offers beautiful solutions to the everyday lives of the people using the spaces.
Each image here is an example of Shaker design between the years of 1776 and 1937, at which point their community was dispersed. Each piece of furniture, bottle of medicine, or tool exemplifies the Shaker belief that form should not undermine function, but should enable it.
The following images are from the archives of The Shaker Museum in Mount Lebanon, NY and from the Metropolitan Museum Archive.
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Favorite scene in Boardwalk Empire? Outside of Team New York
ooooOOOOH outside of team new york, that’s more Challenging
hm
well so. okay. favorite scene where new york is not the FOCUS is probably the faux-commission scene in milkmaid’s lot, because it drives home just how much nucky is NOT a gangster. he’s a politician; he’s used to being able to intimidate and gladhand his way into getting what he wants without any real consideration for how it affects the people he works with so long as he comes out on top and can buy them off later, and it doesn’t work when he fails to consider the shape of things outside his very narrow field of view—there are things happening that he can’t see, which is not something he’s used to accounting for or compensating for, and in the end, ultimately, imo, this is one of the things that brings about his downfall. like in the faux-commission scene, he’s unable to conceive of gillian going behind his back and poisoning the well wrt tommy’s perception of him before they even meet, to say nothing of how he fails to account for exactly how together the boys keep their shit without AR to “keep them in line” through the late 20s/early 30s. imho the overreaching arc of the show is how nucky fails to live up to the implicit challenge in jimmy’s “you can’t be half a gangster” comment in the first season—he never really moves into full gangster territory, which tbh is not necessarily something to begrudge him, from an objective standpoint; sometimes we come up in a set of circumstances that are outpaced and made outdated faster than we as individuals are capable of keeping up with. sometimes you just get outplayed. a big part of nucky’s tragedy, again, imo, is not his failure to keep up, but his failure to recognize that he is unable to keep up, and to either adapt to the new reality or to hang up his hat in the face of it. there are a lot of examples of nucky’s failure to acknowledge his own inability to keep up throughout the show, but i think the faux-commission scene is probably the number one example of this, because he can’t manage to convince a group of men who face potentially the same threat he does that he’ll be able to handle it, thanks to his reliance on outdated modes of operation. and i feel okay saying this is a non-team-ny scene because, while the boys are there and while AR is the one to deliver the bad news to nucky, i enjoy it more for its exemplification of nucky’s abilities as a gangster than for anything team ny themselves actually do in the scene itself and also meyer is in the horrible no good terrible very bad suit with the unfortunately slicked-flat hair so like it’s not even visually good for my son
favorite scene in which team ny plays no part at all is probably mag’s manipulation of the stock market in eldorado because goddamn, get it girl
#boardwalk empire#margaret deserved to win and i'm glad she did!!!#i will brook no argument on that front!!!!!!!!!!!#Anonymous#asks
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Political Interest Groups & PAC Assessment
,National Interest Group
Group’s Name: 350 Action
Group’s Statement: "350 Action mobilizes progressive voters, gets climate champions elected, holds fossil-fueled politicians accountable, supports frontline partners, trains young movement leaders - and much more."
Group’s Beliefs/Interests:
1. mobilize voters and volunteers across the country to stand up against the fossil fuel industry
2. elect progressive climate change activists into government
3. build grassroots power behind the Green New Deal
4. strong climate policy
5. solidarity with the climate movement
Group’s Current Endorsements:
Jumaane Williams for Public Advocate, New York City, NY
Group’s Location:
Nationwide, but with headquarters in Brooklyn, NY
Group’s Volunteer Opportunities:
-Donate
-Fill out their online pledge which they will send to Congress
Group’s Additional Details:
Their website features an exhaustive list of the 2020 presidential candidates and their various stances on climate change.
California Interest Group
Group’s Name: California Environmental Justice Alliance
Group’s Statement: "The California Environmental Justice Alliance is a statewide, community-led alliance that works to achieve environmental justice by advancing policy solutions. We unite the powerful local organizing of our members in the communities most impacted by environmental hazards low-income communities and communities of color to create comprehensive opportunities for change at a statewide level. We build the power of communities across California to create policies that will alleviate poverty and pollution. Together, we are growing the statewide movement for environmental health and social justice."
Group’s Beliefs/Interests:
1. bringing together organizations that are working towards the same goal
2. end the reliance on the fossil fuel industry and switch to clean energy
3. elect officials who will create policies to end environmental racism
4. help those who have been affected by air pollution
5. stricter control on toxic industries
Group’s Current Endorsements:
-Vote NO on Prop 70 and Say No to Big Oil
Group’s Location:
Northern California: Oakland
Southern California: Huntington Park
Group’s Volunteer Opportunities:
-Donate
-Fill out their online forms which they will send to Governor Newsom
Group’s Additional Details:
They have “core members” of their organization which are other companies and platforms working towards changes. Some of the core members of CEJA are Communities for a Better Environment, Central Coast Alliance United for a Sustainable Economy, and Environmental Health Coalition.
350 Action vs. California Environmental Justice Alliance
By far, 350 Action has a much clearer platform and more engaging website. Their mission and goals are spread throughout and are easy to understand, which makes sense as it why it has such a larger following than CEJA. While CEJA has some great information and goals, it seems to be a long way from reaching the same level as 350 Action. I will be following both on Twitter to be able to continue following them and their progress.
Political Action Committee
PAC’s Name:
Honeywell International Political Action Committee
PAC’s Statement:
Engagement in the political process is critical to our success. Our future growth depends on forward-thinking legislation and regulation that makes society safer and more energy efficient and improves public infrastructure. For example, nearly 50% of our products are linked to energy efficiency. In fact, if our existing technologies were widely adopted today, energy demand in the U.S. could be reduced by 20-25%.
PAC’s Total Money Raised & Spent:
Total Spent: $3,309,053
Cash on Hand: $761,935
PAC’s Budget:
54% to Democrat Candidates
46% to Republican Candidates
PAC’s Top Donors:
Richard E. Kent
Benjamin E. Goldstein
Douglas W. Palmer
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EastWest Works
Phone : 646 801 9218
Address : W 39 & 6th Ave, New York, NY 10018, United States
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Welcome to our EastWest infused community in New York City. We further human understanding via embodied training in Zen-Tao meditative and movement-based forms, living insight, energy medicine, and through inquiry. EastWest Works offers original group programs and individual sessions in distinct practice areas. We work-play with people to develop personal awareness, insight, and perception, emphasizing discovery and reliance upon abilities natural to all. Our works grow through structured training and explorations in gatherings, labs, classes, workshops, etc. Our classes and workshops are mostly held in midtown Manhattan studios within close proximity to public transportation. Some of our special training include Tai Chi, Taiji, Intui, Zenmi, Reiki, Medi and many other natural healing specialties. Thank you for inquiring, we look forward to meeting, sharing and taking a deeper dive with you!
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THE ANGLO-SAXON INFLUENCE
[Note: From time to time, this blog issues a set of postings that summarize what the blog has been emphasizing in its previous postings. Of late, the blog has been looking at various obstacles civics educators face in teaching their subject. It’s time to post a series of such summary accounts. The advantage of such summaries is to introduce new readers to the blog and to provide a different context by which to review the blog’s various claims and arguments. This and upcoming summary postings will be preceded by this message.]
This blog currently is looking at the effect identity, that factor that defines a person (for example, as an Irish American), has had on polarizing the American public. While this has become particularly virulent, identity always exerts itself in politics. It is ubiquitous. And it is not only in politics but in other realms of life. Take sports. There, teams count on identities based on localities or educational linkages to sell tickets or paraphernalia to a fan base which results in gobs of money for those teams.
Usually, such expression does not cause any or much antagonism – yes, there are the occasional fights and strains, but they are usually considered a source of good-natured ribbing or put downs. One usually speaks of “bragging rights” if one’s team wins. But of late, the identity factor is being expressed in the political arena seriously and persistently. And when ethnicity, race, and/or nationality serve as its source, identity, as the historian Schlesinger warns, threatens to debase the nation’s unity.[1]
Of course, this usually is related to immigration, but it also has to do with race relations, an ongoing source of animosity and violence in the nation’s history. And it does represent, among unjustly treated people (due to their identity), legitimate protests – e.g., the Black Lives Matter movement.
But a troubling question is: to what extent should immigrant, racial, or indigenous groups divorce themselves from the nation’s overarching cultural base? That is an argument that multi-culturalist pose and its aimed at the adoption of the Anglo-Saxon cultural base – the base upon which the nation’s culture has developed.
That base, it should be remembered, has provided the basic constitutional structures, processes, and legalities upon which the nation rests. Of course, this reliance has not of necessity staved off influences from other cultures. And the nation has during the years of its existence entertained and adopted elements of those other traditions.
Most of them are aesthetics in nature. Influences in food, music, art, and so on have been a continuous part of the American story. But in addition, there are other areas – beyond aesthetics – in which varying cultural influences have made their marks. For example, the whole notion of professional policing originates with the Romans, not with the Anglo-Saxons.
But today’s expression of heightened allegiance to some political/national/ethnic based identity – an allegiance approaching or expressing a tribalism – does not originate from a communal sense. It instead stems from an extreme individualism and, as such, reflects a nuanced concern. David Brooks makes this connection.[2] He explains how individualism allows for uninhibited natural motivations to go unchecked and part of that package of dispositions is to favor one’s tribe and to degrade other “tribes” – other nationalities, ethnicities, and/or races.
The classic Us vs. Them mentality is spurred by such thinking. And consequently, it becomes the fuel that feeds the polarization the nation faces. One should point out, counterintuitively, and ironically, it serves to undermine the basic individualism that brings it to the fore.
That is, the individual is subsumed under resulting movements by which this identity is expressed. Again, the historian Schlesinger warns that the individual is absorbed into a united expression of national, racial, and/or ethnic messaging and his/her personage is subsumed with that process. The analogy, a silly one, that illustrates the point, might be how people lose their identity when they apply makeup that exhibits team colors to the point one cannot identify who they are.
But one should not misidentify this allegiance. It is not an example of commitment. It instead reflects a type of transaction. The exchange is this mindless devotion to the source of the identity for an enhanced ego. “I belong to this group, and it makes me special” is the basic message one projects. Shouting “USA, USA” when so motivated is basically one that proclaims the shouter’s importance; he/she is an American and, therefore, superior.
And when this is expressed in terms of a nation, one can discover the main difference between patriotism and nationalism. Patriotism promotes a sense of commitment that one is willing to sacrifice for the common good within the context of one’s nation. Nationalism, instead, calls for sacrifice so as to be able to promote an expression of oneself.
The main difference lies in this ultimate targeting, but one can describe it practically: with patriotism one can protest what one’s nation does if what it does hurts the common good, where nationalism does not allow such a divergence from national policy or for some leader.
As for the Anglo-Saxon influence, why should one be an adherent to its provisions or basic ideals? First, it should not be seen as a static entity. It has a long history of evolving even before arriving on these shores. It either adopted or developed those ideas and ideals that became this nation’s basic constitutional framework and not all of that originated in Britain. And, in part, that framework calls for a commitment to a union of volunteers that comprises the American republic and its basic values and norms.
Within its tenets, it establishes a partnered arrangement among those volunteers to work toward the common good – a more perfect union. And the path toward establishing this partnering was not arrived at smoothly. Religious tribalism predated the other forms mentioned above. Intolerance among the different Christian sects was common, not to mention the antagonism toward Jews.[3] But through them, usually for practical reasons, the evolving cultural base found itself accepting more variance within the population. And with that, a level of secularization gained ground.
By doing so, that commitment to a partnered populous eventually became institutionalized. Its adoption to a meaningful degree did not take hold until well into the nation’s history. This commitment assumes and holds that any polarization in which the populous is divided into two uncompromising alliances – which religious divisions resembled – serves as an antagonistic expression to those federated ideals.
It is instead a form of tribalism while the Anglo-Saxon based tradition – the one this nation inherited in a more crude form from the British in the eighteenth century and grew through complex developments – calls for a committed congregational arrangement.[4] The two, the partnered view vs. the nationalist view, are basically different.
[1] Arthur M. Schlesinger, Jr., The Disuniting of America: Reflections on a Multicultural Society (New York, NY: W. W. Norton and Company, 1992).
[2] David Brooks, The Second Mountain: The Quest for a Moral Life (New York, NY: Random House, 2019).
[3] Kenneth C. Davis, “America’s True History of Religious Tolerance,” Smithsonian Magazine, October 2010, accessed November 1, 2020, https://www.smithsonianmag.com/history/americas-true-history-of-religious-tolerance-61312684/#:~:text=In%20the%20storybook%20version%20most,followed%2C%20for%20the%20same%20reason.
[4] More specifically, this congregational tradition stems from the Puritanical influence that in effect were being encouraged to leave Great Britain in the 1600s. But one can argue, the established view of formal religion reflected the Roman Catholic Church’s vertical structure while the Puritanical congregation more closely reflected a traditional Anglo-Saxon tradition. It is their congregational bias that seems to have encouraged the federal structure of the US, with its supporting processes, that this nation implemented.
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Democracy Now! Published on Nov 14, 2018
As Jeff Bezos Earns $191K Per Minute, Why is NY & VA Giving Amazon $3 Billion in Corporate Welfare?
Amazon has selected a pair of cities to host its new, expanded headquarters: Crystal City in Arlington, Virginia, and Long Island City in Queens, New York. Amazon’s decision came after a 14-month search that saw cities around the U.S. promise tax breaks, taxpayer-funded infrastructure and business-friendly ordinances in an effort to win what Amazon says will be $5 billion in new investment and thousands of jobs. Democratic Virginia Governor Ralph Northam called the Amazon headquarter “a big win for Virginia,” and New York City Mayor Bill de Blasio has similarly applauded Amazon’s decision. But many local politicians have openly criticized authorities in New York and Virginia for backing the deals, which will create a total of 50,000 jobs. We host a roundtable discussion about Amazon and corporate welfare. In New York, we speak with Ron Kim, member of the New York State Assembly. He recently co-wrote an opinion piece for The New York Times headlined “New York Should Say No to Amazon.” In Washington, D.C., we speak with Greg LeRoy, executive director of Good Jobs First, a watchdog group on economic development incentives. And in Portland, Maine, we speak with Stacy Mitchell, co-director of the Institute for Local Self-Reliance. She is the author of “Big-Box Swindle: The True Cost of Mega-Retailers and the Fight for America’s Independent Businesses.”
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‘We’ll Dig Graves’: Brazil’s New Leaders Vow to Kill Criminals
By Ernesto Londoño and Manuela Andreoni, NY Times, Nov. 1, 2018
RIO DE JANEIRO--Jair Bolsonaro, Brazil’s next president, won over millions of voters by vowing to make it easier for the police to kill criminals and crush the nation’s violent gangs, often flashing a gun sign with his hands.
A “good criminal is a dead criminal,” Mr. Bolsonaro said on the campaign trail.
The type of draconian approach Mr. Bolsonaro promised has already been employed for months in Rio de Janeiro, his home state, where the military has overseen security operations since February. It has led to a surge in killings by the authorities--and a debate over whether the tactic is working.
Between March and September, the police and the army killed at least 922 people in the state of Rio de Janeiro, a 45 percent increase from the same period last year. Nearly one in every four people killed here since March have died at the hands of the state.
Opinion polls suggest a broad majority of people in Rio de Janeiro support the military intervention. But while reports of crimes like robberies and cargo theft have declined in the first seven months of the military takeover, the total number of violent deaths in the state has increased.
Brazilians broadly agree that drastic measures need to be taken to curb the extraordinary wave of violent crime in the country, which led to the deaths of a record 63,880 people last year.
In Rio de Janeiro state alone, more than 5,197 people have been killed this year--far more than the 3,438 civilians killed in conflict last year in Afghanistan, according to United Nations figures.
The staggering level of violence weighed heavily on voters over the weekend. Along with Mr. Bolsonaro, other politicians who had vowed to hunt down suspected criminals were rewarded at polls, setting the stage for a period of intensified bloodletting.
Mr. Bolsonaro, who won by a decisive margin, said in August that police officers who gun down armed criminals with “10 or 30 shots need to be decorated, not prosecuted.”
Wilson Witzel, a former federal judge who was elected governor of Rio de Janeiro in an upset victory clinched by running as a Bolsonaro ally, put organized crime groups on warning during a speech days before the vote.
“There will be no shortage of places to send criminals,” he said. “We’ll dig graves, and as to prisons, if necessary we’ll put them on ships.”
This week, he said he favors extending the military intervention, which is set to end in January, for an additional 10 months. And he proposed using snipers, some aboard helicopters, to gun down anyone spotted carrying a weapon in low-income urban communities known as favelas.
Drug gangs have controlled scores of neighborhoods in several large cities in Brazil for decades, becoming the de facto authority in areas the police seldom go into. Confrontations for territorial control between rival gangs, and clashes with the security forces, greatly contributed to the record bloodshed last year.
Gustavo Bebianno, a prominent member of the Bolsonaro campaign who has expressed interest in serving as his justice minister, said that Brazil’s growing violence problem will “become irreversible” unless decisive action is taken soon.
“If a lowlife is on the street carrying a weapon ostentatiously, he should be a target,” Mr. Bebianno said. “You don’t talk. You talk after shooting. Why would a decent person be carrying a weapon of war ostentatiously on a public street?”
Gen. Walter Souza Braga Netto, the Army commander who was appointed to lead the military intervention in Rio de Janeiro, said the vast majority of people killed by the police are “irrational thugs.”
Asked to explain the surge in police killings since the intervention began, General Braga Netto explained that his men had trained the police in marksmanship and helped them procure and maintain equipment, leading to better accuracy.
“There was a lot of shooting, and basically no one hit anyone,” he said, referring to police operations before the intervention began. “We trained the police and they learned how to hit the target.”
Experts warn that encouraging the police to become even more lethal is unlikely to address the root causes of violence, and may well exacerbate them.
“You’re implementing the death penalty in the police’s day-to-day activities,” said Ms. Bueno. “In addition to being illegal, contrary to the constitution and immoral, it will make police officers more vulnerable.”
Much of the violence in Rio de Janeiro is driven by criminal organizations known as militias, made up of active-duty and retired police officers and military personnel acting on their own. They have become increasingly powerful in communities neglected by the state by extorting protection money from residents, operating unlicensed public transportation businesses and muscling into the drug trade.
Militias are suspected of some of the worst crimes committed in the city in recent months, including the drive-by shooting of Marielle Franco, a leftist city council member killed in March, and the killing of a judge in 2012.
Many residents in areas that have become increasingly lethal battlegrounds dread the prospect of more violence in the months ahead and question whether the military intervention will produce a lasting drop in crime.
“It puts everyone at risk,” said Sueli Oliveira, 73, who lives in the Santa Marta favela in Rio de Janeiro. She noted that some of the soldiers who have been deployed to restless favelas in recent months hail from those communities. “They’re pitting the poor against the poor,” she said.
Senior military leaders also appear far from enthusiastic about the increasing militarization of policing.
“The armed forces can’t keep the public security of states under its guardianship indefinitely,” Gen. Braga Netto said. “We come, give support, teach them how to manage it, and then we leave.”
Adriana Beltrán, a security expert at the Washington Office on Latin America, said Latin American leaders are increasingly finding it tempting to rely on the armed forces in areas where the police are outgunned and the criminal justice system is dysfunctional. But Brazilian leaders should take note of what has happened in Mexico and Honduras, she said.
“The use of the military has not resulted in the disruption of criminal activity or dismantling of criminal networks,” Ms. Beltran said. “In many cases, gangs and criminal groups have increased their level of organization and sophistication. The cases of Mexico and Honduras demonstrate how the reliance on the military for policing can increase human rights abuses, including torture, disappearances and extrajudicial killings.”
Eliana Sousa, who heads Redes da Maré, a community organization in the Maré favela, one of the largest in Rio de Janeiro, said she fears that empowering the police to use greater violence will make matters worse.
“This shooting-down policy already exists,” she said. “What is the result? Rising violence.”
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GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES THE FORMATION OF A NEW SUBSIDIARY CORPORATION, GLOBAL TECH HEALTH, INC.
New York, NY, Sept. 03, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has formed a new subsidiary corporation, Global Tech Health, Inc., in the state of Nevada with the Secretary of State, on September 3, 2021. The new corporation was formed, in keeping with the particulars of GTII’s binding agreement with We SuperGreen Energy Corp, (“WSGE”), primarily to separate the various healthcare and eyecare subsidiaries and/or acquisition targets into their own operating group.
David Reichman, CEO of GTII, commented, “We decided to move quickly to form this first of what may turn out to be several subsidiaries in order to pursue the more industry specific strategy that we’ve spoken of before. We chose the health services portfolio of businesses to start with as those businesses have been operating for several years and have reached a maturity that should allow them to operate more independently from us as the parent company. ”
About Global Tech Industries Group, Inc.: GTII, a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
Please follow our Company at: www.otcmarkets.com/stock/GTII
Safe Harbor Forward Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
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Mike King Princeton Research, Inc. 3887 Pacific Street, Las Vegas NV 702.338.2700
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