Joe Biden defeats Trump to win US election

[OrbitalDawn]

Hmmm...so Biden's pick for the Securities and Exchange Commission is someone who was at Goldman Sachs for 18 years (although he did work under Clinton and as the undersecretary for Obama's Treasury secretary Larry Summers)....the revolving door syndrome is alive and well.

Super smart:https://mitsloan.mit.edu/faculty/directory/gary-gensler

But yeah...

yep. same old, same old, for twenty years.

Gary Gensler, Biden’s pick to head SEC, has reputation as tough regulator

Financial policy experts say unwinding the work of his predecessor, Jay Clayton, is likely to be at the top of Gensler’s to-do list.

www.nbcnews.com

In nominating Gary Gensler to serve as chairman for the Securities and Exchange Commission, President-elect Joe Biden is likely to please progressives, who have been agitating for more bank oversight after four years of deregulatory policy under President Donald Trump’s SEC pick, Jay Clayton, who stepped down in December.

 

[daelm]

There is a difference between "one or two" courses (no naming of where obtained either; and surely you know if it was one, or two) versus a full blown degree at a major University. In my opinion.

"I took a class or two at med school one summer. Most boring thing ever. Don't bother with doctors, my dear."

 

[2023]

In the past, I used to wonder why political studies (now political science?) was a degree offered by major universities.

After all these threads and posts, I now understand.

But them you'd have to go into a career of politics

 

[OrbitalDawn]

NBFTW: Interventions in free market capitalism are bolshevism
Also NBFTW: We're stuck with coal

https://twitter.com/i/web/status/1350669625755750400

 

[daelm]

Gary Gensler, Biden’s pick to head SEC, has reputation as tough regulator

Financial policy experts say unwinding the work of his predecessor, Jay Clayton, is likely to be at the top of Gensler’s to-do list.

www.nbcnews.com

I took him to be referring to the Goldman revolving door. He's not wrong about that - he's just mentioning it in bad faith. That company is a curse.

 

[OrbitalDawn]

I'm laughing not crying.

 

[The_Right_Honourable_Brit]

There is a difference between "one or two" courses (no naming of where obtained either; and surely you know if it was one, or two) versus a full blown degree at a major University. In my opinion.

Well I did one first-year course and a second-year course and yes, it's not a full-blown degree but one can get an idea of what another second or third-year course might be like. What would you hope to gain from a political science degree?

 

[OrbitalDawn]

The impact from the Fed on the markets comes from the low interest rates.

Read a book called the great demographic reversal, its rather interesting and i think greater Fed influence could be back on the menu in the near term future.

The lesson from the GFC really has to be that you need to keep going until you reach full employment, not just pull back from phantom threats.

Luckily, Powell seems to have figured it out.

Fed Chair Powell: 'Be careful not to exit too early' on easy monetary policy

Fed Chairman Jerome Powell said Thursday said that the time to raise interest rates "is no time soon."

finance.yahoo.com

 

[2023]

Well I did one first-year course and a second-year course and yes, it's not a full-blown degree but one can get an idea of what another second or third-year course might be like. What would you hope to gain from a political science degree?

$15 an hour

 

[daveza]

How many of our politicians have a degree in political science ?

 

[The_Right_Honourable_Brit]

Gary Gensler, Biden’s pick to head SEC, has reputation as tough regulator

Financial policy experts say unwinding the work of his predecessor, Jay Clayton, is likely to be at the top of Gensler’s to-do list.

www.nbcnews.com

Well we will see if he does some actual regulation, rather than bad bits of legislation that he helped devise e.g.

In 1999 and 2000, under then-Treasury Secretary Lawrence Summers, Gensler fought for passage of the Commodity Futures Modernization Act, which exempted over-the-counter derivatives from regulation.[20]

Yes, he says he has changed and all that but let's see.

It's also notable to point out that he was opposed by the progressive caucus in 2008

After some initial opposition to Gensler's nomination amongst the progressive members of the Democratic caucus,[12] Gensler was approved by the U.S. Senate in an 88–6 confirmation vote.[21]

I definitely do like that he knows and has an interest in crypto-currencies. Will be following developments in that area with interest.

 

[The_Right_Honourable_Brit]

How many of our politicians have a degree in political science ?

That EFF guy, Ndlozi, has a PhD in political science so yeah, a degree in which waffling is awarded.

 

[Splinter]

But them you'd have to go into a career of politics

Indeed. It looks profitable these days.

 

[OrbitalDawn]

Undisputably, California does have an inequality problem - #4 in the states (https://www.cnbc.com/2018/03/12/us-states-with-the-highest-levels-of-income-inequality.html).

The state with by far the most billionaires and extreme wealth concentration obviously has a big inequality problem. That's not something California as a state can do all that much about. The appropriate levers are at the federal level.

Also, kinda ironic how you decry it as Commiefornia, but it's got all this private wealth.

So it does do better on poverty (https://www.census.gov/library/visualizations/interactive/2019-poverty-rate.html) although again not a spectacular performance by any means.

Proves my point - look at where the worst poverty is concentrated. Who governs those states?

 

[Splinter]

Well I did one first-year course and a second-year course and yes, it's not a full-blown degree but one can get an idea of what another second or third-year course might be like. What would you hope to gain from a political science degree?

Lets not make it sound like you spent a year on each But why did you do it then? And where did you do these courses? It might make a big difference.

And refer my post above.

 

[Splinter]

"I took a class or two at med school one summer. Most boring thing ever. Don't bother with doctors, my dear."

This made me laugh

 

[2023]

Indeed. It looks profitable these days.

Only if you are on top and it's a dirty dangerous game.

 

[daelm]

This made me laugh

Glad to help

 

[Splinter]

Only if you are on top and it's a dirty dangerous game.

Says who? You see what municipal managers and co earn these days? As for dirty - yes. Dangerous? I'm assuming you mean here in SA. Elsewhere, it seems pretty ok, as long as you don't splurge on your allowances and then have media investigate you.

 

[daelm]

That EFF guy, Ndlozi, has a PhD in political science so yeah, a degree in which waffling is awarded.

Always amazes me how people disparage fields they self-admittedly don't know much about.

edit: I used to think it was just coders who suffered disproportionately from this. Turns out, everyone.