Greek debt relief closer than ever but creditors must act, Greek


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Greek debt relief ‘closer than ever’ but creditors must act, Greek prime minister says

ATHENS Greek Prime Minister Alexis Tsipras kept up his demand for debt relief from international lenders on Tuesday, saying Athens was close to securing a solution to ease its debt mountain but that creditors must meet there commitments.

Greece wants to wrap up negotiations with the lenders — the European Union and International Monetary Find — on reforms and on debt relief this month.

It needs another tranche of bailout money, wants to qualify for inclusion in the European Central Bank’s bond-buying program, and seeks to return to bond markets immediately afterwards.

“We are closer than ever to a substantial solution on debt relief,” said Tsipras reiterating that Greece had already agreed to apply more austerity after its current bailout expires and it was its lenders’ turn to fulfill their promises of discussions about debt relief.

“Τhe ball is no longer in our court,” he told reporters referring to lenders’ statements on debt relief in past years.

Despite Greece’s recent statements and a bailout review agreement at staff level, sources close to the lenders have been less optimistic seeing talks on debt relief lasting longer than May.

This is because of sharp differences between the IMF and Germany, Europe’s paymaster, over the Greece’s fiscal targets. The former says Greece’s target and debt are unsustainable; the latter, with an election coming, is less willing to drop its hard line.

After six months of tense talks, Athens and the lenders reached a deal last week on a set of additional reforms the country needs to implement in 2019-20, two years after its current, 86-billion euro bailout program expires.

Greece wants euro zone finance ministers to approve the reforms’ deal at a scheduled Eurogroup meeting on May 22 — a key condition for unlocking vital loans — but also agree on a formula to make its debt sustainable in the medium-term and long term.

Debt sustainability is key for the European Central Bank and the Washington-based IMF, which participated financially in the country’s first two rescue packages, but has yet to announce whether it will join Greece’s current program, the third since 2010.

Greek lawmakers are expected to vote on the new austerity package by May 18, before euro zone finance ministers assess the country’s progress.

Tsipras, who is sagging in opinion polls and whose term expires in 2019, controls 153 lawmakers in the 300-seat parliament and he is expected to pass the bill.

But the delays in the negotiations have slowed projected economic growth and have exacerbated reform fatigue after seven years of austerity hurting the government’s popularity further.

Asked whether he was considering a cabinet reshuffle, Tsipras ruled it out.

“We are not considering it. Our aim now is to speed up work as much as we can,” he said during a visit at the education ministry, where he announced a planned education reform.

(Additional reporting Angeliki Koutantou Editing by Jeremy Gaunt)

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03/11/2017

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Trump Orders Media Blackout At Government Agencies: Bans Use Of Social


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Trump Orders Media Blackout At Government Agencies: Bans Use Of Social Media, Bars New EPA Contracts

It wasn’t just the EPA.

Earlier today, we reported that the Trump administration instituted a media blackout at the Environmental Protection Agency and barred staff from awarding any new contracts or grants.

Emails sent to EPA staff since President Donald Trump’s inauguration on Friday and reviewed by The Associated Press, detailed the specific prohibitions banning press releases, blog updates or posts to the agency’s social media accounts. On Monday, the Huffington Post reported that EPA grants had been frozen, with agency employees barred from speaking of the matter. The memo ordering the social media blackout is shown below.

Cited by The Hill, Myron Ebell, who leads the Trump EPA transition, confirmed the freeze to ProPublica. “They’re trying to freeze things to make sure nothing happens they don’t want to have happen, so any regulations going forward, contracts, grants, hires, they want to make sure to look at them first,” Ebell told ProPublica. Trump’s pick for EPA director, Oklahoma Attorney General Scott Pruitt, has frequently challenged agency policy in court.

The Trump administration reportedly told the Department of the Interior to stop tweeting from its accounts over the weekend after the National Park Service’s Twitter account retweeted a post about the crowd sizes at Trump’s inauguration Friday. The agency brought back its accounts on Saturday.

Asked if the EPA had been gagged, White House press secretary Sean Spicer said on Tuesday: “I don’t know. we’re looking into it. I don’t think it’s a surprise we’re going to review the policies but I don’t have any info at this time.”

According to Reuters sources, the move “reinforced concerns that Trump, a climate change doubter, could seek to sideline scientific research showing that carbon dioxide emissions from burning fossil fuels contributes to global warming, as well as the career staffers at the agencies that conduct much of this research.”

The agency also was asked by the White House on Monday to temporarily halt all contracts, grants and interagency agreements pending a review, according to multiple sources. The EPA awards billions of dollars worth of grants and contracts every year to support programs around environmental testing, cleanups and research. According to Reuters ,
the White House sent a letter to the EPA’s Office of Administration and Resources Management ordering the freeze on Monday. “Basically no money moving anywhere until they can take a look,” the staffer said, asking not to be named.

Now, as Reuters adds, other agencies were also impacted, and the Trump’s administration has put staff at a slew of government agencies on notice – “be careful what you say.”

In addition to the EPA, the Interior Department and the U.S. Department of Agriculture also has seen efforts to curb communication. On Monday, staff at the department’s Agricultural Research Service (ARS) were asked in an email to suspend the release of “any public-facing documents.”

“This includes, but is not limited to, news releases, photos, fact sheets, news feeds, and social media content,” the email said.

The U.S. Department of Agriculture disavowed the email on Tuesday, saying in a statement that it was released without “departmental direction and prior to departmental guidance being issued.”

“ARS will be providing updated direction to its staff,” according to the statement.

The ARS focuses on scientific research into the main issues facing agriculture, including long-term climate change.

Last week, staff at the Interior Department were told to stop posting on Twitter after an employee retweeted posts about the relatively low attendance at Trump’s inauguration, and about how the issues of climate change and civil rights had disappeared from the White House website.

The department has since resumed tweeting.

This isn’t censorship, they are a dept of the Executive branch and follow orders including communication same as any other. Got a question ask the President’s Press secretary.

They (EPA) promote and fund the research that promotes Climate Change being caused by CO2. Big time. Now the money is shut off. Lets see if we can get that money or some of it to study the effects on the Earth’s Temperature caused by the Sun, Lets see how GMO crops are 300% higher in formaldehyde.

STATE DEC’s do most of the real environmental work.

How does the media know that there’s a media blackout? Did someone at the EPA already spill the beans against Trump’s wishes?

i am pretty much an extremist when it comes to pollution and environmental degradation yet i think this is a healthy debate.

i hope the scientists inside and outside government rise to the occasion and convince the public of the need to reduce fossil fuel pollution (i wanted it long before i heard of global warming).

the democrats too should met the challenge and justify their use of air and space.

You do not need to believe in global warming (from human activity) to be against pollution. Police pollution and you will do much to taper global warming, if it were real (I am a doubter because cycles sound reasonable, and because we caught some of their scientists lying about their results, which, if global warming was real, those folks should be executed [and I am not a lover of capital punishment]). Go after pollution, STFU about global warming. Ask China, we don’t want to be China.

Every publically traded organization I’ve worked for would terminate me for making “statements” to the media. I don’t know what the rules are in public sector but this is just standard practice.

Might I suggest you refer to Obunghole in the future as a dicktaster?

You mean “Report Scientific Results” = “bitch to the media”?

We’re about to find out the real meaning of “politically correct”.

fuck up the biosphere.

and you better shut the fuck up and don’t tell on us.

Do the world a favor and stop breathing to support your flawed beliefs.

Far more people die from cold weather related events than from warm weather and yet Obama’s policy was to try to make the climate even colder than it is. The man was a menace.

I know it’s weird that we still exist, but as a skinny girl I fully support global warming.

I mean, is it just me or is it way too fucking cold? And am I the only one that remembers girls asking this all the time? Christ we’ve gotten fat. No wonder everyone thinks it’s gotten so much warmer.

Sorry to inform you that the world is most likely going to get much colder in the next 30 years. I suggest you move farther south if you don’t like the cold.


10/10/2017

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Democrats seek suspension of Jared Kushner s security clearance, pending Russia


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Democrats seek suspension of Jared Kushner’s security clearance, pending Russia probe

WATCH Jared Kushner meets with Netanyahu on first day of Middle East trip

House Democrats are raising concerns about the security clearance held by President Trump ’s son-in-law and senior adviser Jared Kushner. saying suspicions about his contacts with Russian officials should be enough to suspend his access to sensitive information.

“When there are credible allegations that employees may be unfit to continue accessing classified information, security clearances are supposed to be suspended while the allegations are investigated,” wrote Rep. Elijah Cummings. the ranking Democrat on the House Oversight Committee, in a letter to White House chief of staff Reince Priebus. “Mr. Kushner reportedly failed to disclose contacts with dozens of foreign officials on his security clearance application.”

Aides to Kushner did not immediately respond to requests for comment on the letter from Cummings and the other Democrats on the Oversight Committee, which was accompanied by a demand for Kushner’s security clearance application and for “all documents and communications referring or relating to Mr. Kushner’s contacts or communications with Russian government officials or business representatives.” Cummings’ letter is the latest in a drumbeat of efforts by Democrats in Congress. More than 40 members wrote with similar concerns in May.

A White House spokesperson declined to comment.

As a senior adviser to Trump and as someone tasked with helping orchestrate Middle East peace talks, Kushner likely has access to highly sensitive intelligence. According to the letter, his top-secret clearance is temporary, pending a routine screening by the FBI.

The FBI has not identified Kushner as a target of its investigation into Russian meddling in the 2016 presidential election, recently taken over by special counsel Robert Mueller. Sources familiar with a parallel probe by the Senate Intelligence Committee, however, have confirmed to ABC News that Kushner’s previously undisclosed meetings with Russian officials have drawn the attention of its investigators. Senate investigators have requested documents from Kushner and are negotiating with him to arrange an interview. Through his attorney, Kushner has indicated his desire to cooperate with that probe.

The challenge to Kushner’s security clearance comes as the White House is facing questions about its decision to continue to allow retired Lt. Gen. Michael Flynn to access to the nation’s most carefully guarded secrets when he served as Trump’s national security adviser, even after Department of Justice officials warned that Flynn may have been susceptible to blackmail by Russian diplomats. The New York Times reported Wednesday that, for three weeks before he was fired, Flynn sat in on the most sensitive intelligence briefings in the White House.

He has denied anything improper occurred during his contacts with the Russian ambassador to the U.S. and sources close to Flynn have told ABC News they consider it ludicrous that anyone could have concluded he was vulnerable to blackmail.

Cummings, however, takes issue with the administration’s decision to continue allowing Flynn access to sensitive information after Justice Department lawyers notified the White House of their concerns.

“Concerns about Gen. Flynn’s false statements — as well as his concealment of communications with the Russian ambassador — raised obvious security concerns that should have resulted in an immediate suspension of his clearance while an investigation of the allegations proceeded,” Cummings wrote.

Kushner’s lawyer Jamie Gorelick. a deputy attorney general under Bill Clinton, said that on Jan. 18, Kushner filed an extensive security questionnaire known as the SF86, with an offer the next day to the FBI to provide omitted details of his Russian contacts during his background check interview by agents in person, The New York Times reported.

The SF86 requires applicants for security clearances to disclose — under criminal penalty for significant omissions — minute details of their life, including specific dates and purposes of foreign travel and any “close and/or continuing contact” with foreign nationals or receipt of foreign payments in the previous seven years.

The fact that Kushner received an interim security clearance despite failing to disclose all his contacts with the Russian ambassador and a Kremlin-owned bank is very unusual, according to one legal expert.

“It’s highly out of the ordinary for how it’s supposed to be done,” said Bradley Moss, a national security lawyer who handles cases involving intelligence community workers’ clearance problems.

Investigators conducting government background checks for those applying for top-secret clearances understand that people make mistakes on their SF86 disclosures and sometimes have to submit supplemental information, but Moss said he has never heard of an interim clearance being given to anyone who failed to disclose contacts with a foreign government.

“If Kushner’s clearance is still being adjudicated and there is this red flag of his failure to properly report numerous contacts with foreign government officials on his SF86, that would be major matter of concern, in terms of him being in charge of this mission to the Middle East,” Moss said.

Cummings and other House Democrats have no power to force the administration to rescind Kushner’s clearance. Trump has final word on who gets a security clearance when it comes to his staff, as the chief executive, by law, is the ultimate authority.


30/09/2017

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There s Something Hugely Wrong In the U #financial, #news, #stock,


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There’s Something Hugely Wrong In the U.S. Labor Force, Explains JP Morgan CEO Jamie Dimon

There’s one number regarding the United States labor force that worries Jamie Dimon.

The JPMorgan Chase (JPM ) CEO noted the “staggering” decline in the workforce participation rate among working-age men in a call with reporters on Tuesday. The aside came in a briefing on the Business Roundtable’s latest CEO survey. Dimon is the chairman of the corporate lobbying group.

“I want to point you to one segment, okay, which is not a collective demographic, one segment and only one segment, and you should all write about it, and it’s a staggering number,” he said when asked by a reporter about unemployment. “Labor force participation by men between 25 and 55 has gone down from 96% to something like 86 to 87%. That is not demographics folks, that’s 10 million people who left the workforce. And maybe some have gone back, my numbers are a little bit old. Write about that segment, okay? That is a huge number.”

Dimon’s numbers were not quite exact, but the sentiment hones in on a multi-decade trend of men dropping out of the workforce.

While the unemployment rate dropped 4.3% in May, labor force participation by men age 25 to 54 (commonly called “prime-age men”) fell to 88.4%, its lowest figure so far this year. Labor force participation for the group hasn’t been above 90% since 2009, and the last time it was at or above the 96% figure Dimon referenced was in 1970.

“There’s something wrong,” Dimon said.

“It’s a big deal,” said Economic Policy Institute economist Elise Gould. “If you look back from mid-century. you see that men have been declining for a very long period of time, and the trends since 2000 are really a continuation of what’s been happening.”

It’s not just men who are dropping out of the labor force but women as well. After decades of increases in labor force participation among prime-age women, it has slowly been dropping off since the turn of the century.

“The fact that that has been declining over the last 16 years is a conundrum,” Gould said.

The problem of nonworking prime-age men has been thoroughly examined by lawmakers and economists seeking a solution. The White House Council of Economic Advisers under President Obama last year released a report offering up a number of possible explanations for the trend, including increasing rates of women in the workforce, rising disability insurance claims, falling demand for less-skilled workers and barriers to employment for men with criminal records.

Brookings Institution researchers Eleanor Krause and Isabel Sawhill in a paper suggested those and other factors could be in play.

“There is no one smoking gun in this story, although if we had to point to the three most prominent, they would be a general lack of the right education and skills, too many years of slack labor markets, and high rates of incarceration,” they wrote.

“Growing inequality certainly can be seen as having a cost,” Gould said.

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12/09/2017

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And You Thought QE Was Over: The Fed Will Monetize Half


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And You Thought QE Was Over: The Fed Will Monetize Half Of This Year s U.S. Treasury Issuance

The Fed may have officially tapered QE at the end of 2014 but that doesn’t mean it is done buying Treasuries: since the Fed never ended rolling over maturing paper, it means that it will remain indefinitely active in the open market. And while there were no sizable maturities from the Fed’s various QEs to date (only $474 million in 2014 and $3.5 billion in 2015) that will change dramatically this year, when Brian Sack’s team will have to purchase about $216 billion to replace matured TSYs. According to JPM calculations, this represents half the net new government debt that will be issued over the next 12 months.

The amounts rise from there: $194 billion comes due in 2017, about $373 billion in 2018 and $329 billion in 2019 for a grand total of $1.1 trillion over the next four years as shown in the following Bloomberg chart:

The Fed’s intervention in the Treasury market is well known: here is a brief Bloomberg summary of where we’ve been and where we are going:

The Fed is the biggest holder of the government’s debt. Its $2.5 trillion hoard, amassed in a bid to support the economy after the financial crisis, is more of a focus for some investors than the trajectory of interest rates. From this month through 2019, about $1.1 trillion of Treasuries in the portfolio are set to mature.

Even though the Fed’s holdings of Treasurys won’t rise and remain flat at about $2.5 trillion, the Fed’s reinvestment mandate means a return to active POMO which also means that there will remain a backstop net buyer for 1 of every 2 bonds issued by the US government.

Clearly this is bullish for bond bulls (one can stop wondering why year after year Goldman is so bearish on TSYs every year with its 3.00% yield target and is so eager to buy everything its clients have to sell) for whom “the Fed’s signals that it will roll over the obligations have been another reason to doubt the consensus forecast that yields will rise in 2016. If officials had chosen to stop funneling that money into new debt, the government would likely have to boost borrowing in the market by roughly an equivalent amount this year, potentially pushing up Treasury yields.”

Hypotheticals aside, the Fed’s indirect monetization of debt has led to the Fed being the owner of about 30% of all 10-Year equivalents currently, further leading to dramatic notional scarcities among CUSIPs that were most actively purchased by the open markets desk, usually in the form of Off The Run paper, which meant that the Fed has far less On The Turn to lend to Treasury shorts in repo, leading to major “special” prints in the repo market manifesting by near-fail, or -3.00%, levels when one wishes to borrow any given Treasury.

However, as Bloomberg explains, as the Fed will rolls over maturing Treasuries, it will add new On The Run issues to its balance sheet. Since Operation Twist, the Fed has had less of those sought-after securities to lend out in a daily program it has to ease shortages in the market. As a result, these Treasuries have frequently commanded a premium in the repo market — leading more trades to go uncompleted, or ‘fail,’ in bond parlance.

If the Fed’s stock of those Treasuries grows, the central bank should be better able to alleviate the shortages through its SOMA Securities Lending program, said Joseph Abate, a money-market strategist in New York at Barclays Plc, a primary dealer.

It will become “easier for people to access the securities they need to cover any shorts in the on-the-runs and, correspondingly, the level of fails should fall,” Abate said. “The more difficult it is to cover a short, the less liquidity there is in the market.”

Dealers say bond trading has become more difficult as regulator-imposed risk limits make it costlier for banks to transact in all types of debt. While Treasuries remain one of the most liquid global markets, failing trades rose this month to about 2.5 percent of average daily volume, from about 1 percent before Twist, according to Barclays. The dollar amount of uncompleted Treasuries trades reached the highest since 2011 last month, Fed data show.

The topic of soaring repo “fails” was covered recently. and is shown in the chart below: a direct function of the Fed’s encroachment in the open market.

Then there is the question of remitting interest payments back to the Treasury, about as close to directly funding the US government as it gets (with the exception of course of the Fed directly paying $19 billion to fund the Highway Bill: that was undisputed direct funding of the US government by the banks that make up the Federal Reserve system). According to Bloomberg, if the Fed had opted not to reinvest this year, the Treasury would have had to make up for the lost funding with additional debt sales that might have boosted 10-year yields by 0.08-0.12 percentage point, according to Priya Misra at TD Securities LLC.

One wonders just how much more debt the Treasury will have to issue and how much higher yields will go up by if the Fed ever does unwind its balance sheet?

It also leads to another question: why did the Fed decide to begin the “normalization” process by hiking rates first instead of first removing the truly unorthodox support for asset classes, namely unwinding its balance sheet, or at least stopping the reinvestment of maturing bonds. The answer: because the Fed’s rate hike is a farce, further compounded by the fact that the Fed Funds rate on December 31, the only day it actually matters for bank balance sheet purposes, was well below the Fed’s 25bps floor.

But that’s a topic for another post.

For now, we leave it to Mark MacQueen, co-founder of Sage Advisory Services Ltd. which manages $12 billion in Austin, Texas, to explain precisely why those who are long assets could care less about nominal rate hikes but are terrified of the Fed’s actual balance sheet unwind: “The Fed tightening gave us little worry, but the unwind of the balance sheet gives us major worries. The Fed is keenly aware that the balance sheet has a much greater impact on the overall yield levels in the markets going forward than raising rates .”

And there’s your answer why the Fed is hiking instead of winding down its gargantuan $4.5 trillion balance sheet: it might actually achieve the intended effect.

inflation WILL not cure this. No way. When you add up gov. debt. company debt, personal debt and the GREED of the “62”. no inflation will take to sanity. We are playing for all the poker chips on the table. and sitting with crooks and cheaters who have no intention of honouring any loss (bail-in). Who stack the deck and deal from the bottom,

Systemic greed that has been concentrated slowly. Far beyond some treasury bill sale or Libor rigging.

+1 NA. Everyone with an ounce of sense and financial acumen knows this and it makes them very nervous. unlike the unwoken sheep, who are blissfully unaware and preoccupied with i-thingys.

Waddya mean it’s gone.

The only reason the dollar isn’t falling versus other currency is because the other central banks are monetizing double time too.


03/09/2017

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Gulliver – s Travels to Lilliput: History, Politics, Culture – Satire

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Liliputian History, Politics, Culture Satire

Lilliputian Royal Court

Lilliput is ruled by an Emperor, Golbasto Momarem Evlame Gurdilo Shefin Mully Ully Gue. He is assisted by a first minister (who carries a white staff) and several other officials (who later bring articles of impeachment against Gulliver on grounds of treason): the galbet or high admiral, Skyresh Bolgolam; the lord high treasurer, Flimnap; the general, Limnoc; the chamberlain, Lalcom; and the grand justiciary, Balmuff.

The Lilliputian court customs are very interesting. Men seeking political office demonstrate their agility in rope dancing. How long and how skillfully a candidate can dance upon a rope determines his tenure in office. Reldresal, Gulliver’s friend, and Flimnap, are two of the candidates that are most adept in this. Other diversions include noblemen competing for official favor by crawling under or leaping over a stick, a feat for which they are then rewarded with various colored threads. The disbelief of a Divine Providence renders a man incapable of holding any public station; for, since kings avow themselves to be the deputies of Providence, the Lilliputians think nothing can be more absurd than for a prince to employ such men that disown the authority under which he acts

There are quarrels between the High Heel Party and the Low Heel Party. The conflict originated over a religious question “Which end should the faithful break their eggs, at the big end or at the little end?” The Blefuscudians break theirs, in the original style, at the big end. But, by royal edict, the Lilliputians must break their eggs at the little end.

All crimes in Lilliput are punished with utmost severity. False accuser are treated as severely as a traitor and put to death and, out of his goods, or lands, the innocent person is quadruply recompensed for the loss of his time and for the danger he underwent. Fraud is considered a greater crime than theft and is punished with death. Ingratitude is a capital crime, as whoever makes ill returns to his benefactor, must needs be a common enemy to the rest of mankind.

Lilliputians believe that parents are the last of all others to be trusted with the education of their own children; and, therefore, they have, in every town, public nurseries, where all parents are obliged to send their children to be reared and educated. These schools are of several kinds, suited to different qualities, and to both sexes. They have certain professors, well skilled in preparing children for such a condition of life as befits the rank of their parents, and their own capacities as well as inclinations.

Lilliput House

Lilliput and Blefuscu were intended as, and understood to be, satirical portraits of the kingdom of Great Britain and the kingdom of France, respectively, as they were in the early 18th century. Only the internal politics of Lilliput are described in detail; these are parodies of British politics, in which the great central issues of the day are belittled and reduced to unimportance.

Lilliput is reputedly named after the real area of Lilliput on the shores of Lough Ennell in Dysart, Mullingar, Co. Westmeath in Ireland. Swift was a regular visitor to the Rochfort family at Gaulstown House. It’s said that it was when Swift looked across the expanse of Lough Ennell one day and saw the tiny human figures on the opposite shore of the lake that he conceived the idea of the Lilliputians featured in Gulliver’s Travels. There is also an early Christian association – St. Patrick s sister, Lupita is known to the Lilliput area, which may recall her name. In fact, the townland known from ancient times as Nure was renamed Lileput or Lilliput shortly after the publication of Gulliver’s Travels in honour of Swift’s association with the area. Lilliput House has stood in the locality since the Eighteenth Century.





25/07/2017

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President Trump, first lady host governors for dinner at White House


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President Trump, first lady host first ball at White House

WATCH President Trump, first lady host governors for dinner at White House

While Hollywood rolls out the red carpet for the Oscars tonight, the president and first lady hosted a night of glamour of their own. But instead of movie stars, the guests at the White House tonight were the nation’s governors.

It’s an annual tradition for the president to invite the nation’s governors to the White House for a dinner. Tonight’s Governor’s Ball was a first for President Trump and first lady Melania Trump as host and hostess at the White House for a gala event.

“I hear this is a record number of governors, 46, and that’s the highest that have ever showed up for this evening,” the commander in chief said during a toast.

The theme of the dinner was Spring’s Renewal, with the first lady saying in a statement, “The scents of jasmine and roses fill the air as we give thanks for this great nation and the glory of renewal.”

She also said the night will be an opportunity to leave political labels behind and unite.

“I am proud to invite all the governors to the White House for this important annual event,” Melania Trump said. “Tonight, we come together as one nation, leaving political labels and partisan interests behind.”

However, Donald Trump briefly touted the accomplishments of his young presidency, highlighting border security, saying, “I can say that after four weeks, it’s been a lot of fun accomplished, but we’ve accomplished almost everything we’ve started out to accomplish. The borders are stricter, tighter.”

He teased the group’s upcoming discussion of former President Obama’s signature legislative achievement, the Affordable Care Act.

“Tomorrow we’re going to meet, and we’re going discuss things like perhaps health care will come up, perhaps, and I think we’ve made a lot of progress on that, and we’re going to have a speech Tuesday night, and we’re going to be speaking very specifically about a very complicated subject,” Trump said. “We’re going to have it fixed, and we’re going to repeal and replace, and I think you’re going to see something very special.”


08/07/2017

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Gulliver – s Travels to Lilliput: History, Politics, Culture – Satire

#gullivers travel
#

Liliputian History, Politics, Culture Satire

Lilliputian Royal Court

Lilliput is ruled by an Emperor, Golbasto Momarem Evlame Gurdilo Shefin Mully Ully Gue. He is assisted by a first minister (who carries a white staff) and several other officials (who later bring articles of impeachment against Gulliver on grounds of treason): the galbet or high admiral, Skyresh Bolgolam; the lord high treasurer, Flimnap; the general, Limnoc; the chamberlain, Lalcom; and the grand justiciary, Balmuff.

The Lilliputian court customs are very interesting. Men seeking political office demonstrate their agility in rope dancing. How long and how skillfully a candidate can dance upon a rope determines his tenure in office. Reldresal, Gulliver’s friend, and Flimnap, are two of the candidates that are most adept in this. Other diversions include noblemen competing for official favor by crawling under or leaping over a stick, a feat for which they are then rewarded with various colored threads. The disbelief of a Divine Providence renders a man incapable of holding any public station; for, since kings avow themselves to be the deputies of Providence, the Lilliputians think nothing can be more absurd than for a prince to employ such men that disown the authority under which he acts

There are quarrels between the High Heel Party and the Low Heel Party. The conflict originated over a religious question “Which end should the faithful break their eggs, at the big end or at the little end?” The Blefuscudians break theirs, in the original style, at the big end. But, by royal edict, the Lilliputians must break their eggs at the little end.

All crimes in Lilliput are punished with utmost severity. False accuser are treated as severely as a traitor and put to death and, out of his goods, or lands, the innocent person is quadruply recompensed for the loss of his time and for the danger he underwent. Fraud is considered a greater crime than theft and is punished with death. Ingratitude is a capital crime, as whoever makes ill returns to his benefactor, must needs be a common enemy to the rest of mankind.

Lilliputians believe that parents are the last of all others to be trusted with the education of their own children; and, therefore, they have, in every town, public nurseries, where all parents are obliged to send their children to be reared and educated. These schools are of several kinds, suited to different qualities, and to both sexes. They have certain professors, well skilled in preparing children for such a condition of life as befits the rank of their parents, and their own capacities as well as inclinations.

Lilliput House

Lilliput and Blefuscu were intended as, and understood to be, satirical portraits of the kingdom of Great Britain and the kingdom of France, respectively, as they were in the early 18th century. Only the internal politics of Lilliput are described in detail; these are parodies of British politics, in which the great central issues of the day are belittled and reduced to unimportance.

Lilliput is reputedly named after the real area of Lilliput on the shores of Lough Ennell in Dysart, Mullingar, Co. Westmeath in Ireland. Swift was a regular visitor to the Rochfort family at Gaulstown House. It’s said that it was when Swift looked across the expanse of Lough Ennell one day and saw the tiny human figures on the opposite shore of the lake that he conceived the idea of the Lilliputians featured in Gulliver’s Travels. There is also an early Christian association – St. Patrick s sister, Lupita is known to the Lilliput area, which may recall her name. In fact, the townland known from ancient times as Nure was renamed Lileput or Lilliput shortly after the publication of Gulliver’s Travels in honour of Swift’s association with the area. Lilliput House has stood in the locality since the Eighteenth Century.





30/05/2017

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Gulliver – s Travels to Lilliput: History, Politics, Culture – Satire

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Liliputian History, Politics, Culture Satire

Lilliputian Royal Court

Lilliput is ruled by an Emperor, Golbasto Momarem Evlame Gurdilo Shefin Mully Ully Gue. He is assisted by a first minister (who carries a white staff) and several other officials (who later bring articles of impeachment against Gulliver on grounds of treason): the galbet or high admiral, Skyresh Bolgolam; the lord high treasurer, Flimnap; the general, Limnoc; the chamberlain, Lalcom; and the grand justiciary, Balmuff.

The Lilliputian court customs are very interesting. Men seeking political office demonstrate their agility in rope dancing. How long and how skillfully a candidate can dance upon a rope determines his tenure in office. Reldresal, Gulliver’s friend, and Flimnap, are two of the candidates that are most adept in this. Other diversions include noblemen competing for official favor by crawling under or leaping over a stick, a feat for which they are then rewarded with various colored threads. The disbelief of a Divine Providence renders a man incapable of holding any public station; for, since kings avow themselves to be the deputies of Providence, the Lilliputians think nothing can be more absurd than for a prince to employ such men that disown the authority under which he acts

There are quarrels between the High Heel Party and the Low Heel Party. The conflict originated over a religious question “Which end should the faithful break their eggs, at the big end or at the little end?” The Blefuscudians break theirs, in the original style, at the big end. But, by royal edict, the Lilliputians must break their eggs at the little end.

All crimes in Lilliput are punished with utmost severity. False accuser are treated as severely as a traitor and put to death and, out of his goods, or lands, the innocent person is quadruply recompensed for the loss of his time and for the danger he underwent. Fraud is considered a greater crime than theft and is punished with death. Ingratitude is a capital crime, as whoever makes ill returns to his benefactor, must needs be a common enemy to the rest of mankind.

Lilliputians believe that parents are the last of all others to be trusted with the education of their own children; and, therefore, they have, in every town, public nurseries, where all parents are obliged to send their children to be reared and educated. These schools are of several kinds, suited to different qualities, and to both sexes. They have certain professors, well skilled in preparing children for such a condition of life as befits the rank of their parents, and their own capacities as well as inclinations.

Lilliput House

Lilliput and Blefuscu were intended as, and understood to be, satirical portraits of the kingdom of Great Britain and the kingdom of France, respectively, as they were in the early 18th century. Only the internal politics of Lilliput are described in detail; these are parodies of British politics, in which the great central issues of the day are belittled and reduced to unimportance.

Lilliput is reputedly named after the real area of Lilliput on the shores of Lough Ennell in Dysart, Mullingar, Co. Westmeath in Ireland. Swift was a regular visitor to the Rochfort family at Gaulstown House. It’s said that it was when Swift looked across the expanse of Lough Ennell one day and saw the tiny human figures on the opposite shore of the lake that he conceived the idea of the Lilliputians featured in Gulliver’s Travels. There is also an early Christian association – St. Patrick s sister, Lupita is known to the Lilliput area, which may recall her name. In fact, the townland known from ancient times as Nure was renamed Lileput or Lilliput shortly after the publication of Gulliver’s Travels in honour of Swift’s association with the area. Lilliput House has stood in the locality since the Eighteenth Century.





21/04/2017

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