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RicoFoley

Member Since 26 Jan 2011
Offline Last Active Today, 09:21 PM

Topics I've Started

Gawker outed Tim Geithner's brother for no real reason

16 July 2015 - 10:17 PM

http://gawker.com/co...th-a-1718364339

TL;DR: David Geithner CFO of Conde Nast and person I didn't know existed until right now, is apparently gay, despite being married to a woman and having kids. He tried to pay a gay escort for sex. After finding out that he was Tim Geithner's brother, the escort deiced to pretty much blackmail him by going to the media unless he used his political connections to get a rejected complaint he had filed with the Dept. of Housing and Urban Development reopened. Gawker decided to\ out Geither and give the escort complete anonymity in the story.

A LOT of people are extremely pissed at Gawker right now and questioning what the public interest of this story is supposed to be given that nobody really knew or cared who the CFO of Conde Nast was before this.

https://twitter.com/...872125016735744

Swerve: IMF now threatening to withdraw its support of the bailout unless Greece gets d...

14 July 2015 - 09:45 PM

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FRANKFURT — The International Monetary Fund threatened to withdraw support for Greece’s bailout on Tuesday unless European leaders agree to substantial debt relief, an immediate challenge to the region’s plan to rescue the country.

The aggressive stance sets up a standoff with Germany and other eurozone creditors, which have been reluctant to provide additional debt relief. The I.M.F role is considered crucial for any bailout, not only to provide funding but also to supervise Greece’s compliance with the terms.

A new rescue program for Greece “would have to meet our criteria,” a senior I.M.F. official told reporters on Tuesday, speaking on the condition of anonymity. “One of those criteria is debt sustainability.”

Debt relief has been a contentious issue in the negotiations over the Greek bailout.

Athens has pushed aggressively for creditors to write down the country’s debt, which now exceeds €300 billion. Without it, Prime Minister Alexis Tsipras has argued the debt will remain a heavy weight on Greece’s troubled economy.

http://www.nytimes.c...v=top-news&_r=0

Maybe this ends up being a huge life preserver for Greece, or maybe this completely blows the whole deal up again. Somewhere Merkel is saying, "Oh for fuck's sake, what now?"

Turns out Atticus Finch was actually a huge racist

10 July 2015 - 07:05 PM

Quote

We remember Atticus Finch in Harper Lee’s 1960 classic, “To Kill a Mockingbird,” as that novel’s moral conscience: kind, wise, honorable, an avatar of integrity who used his gifts as a lawyer to defend a black man falsely accused of raping a white woman in a small Alabama town filled with prejudice and hatred in the 1930s. As indelibly played by Gregory Peck in the 1962 movie, he was the perfect man — the ideal father and a principled idealist, an enlightened, almost saintly believer in justice and fairness. In real life, people named their children after Atticus. People went to law school and became lawyers because of Atticus.

Shockingly, in Ms. Lee’s long-awaited novel, “Go Set a Watchman” (due out Tuesday), Atticus is a racist who once attended a Klan meeting, who says things like “the Negroes down here are still in their childhood as a people.” Or asks his daughter: “Do you want Negroes by the carload in our schools and churches and theaters? Do you want them in our world?”

Uhh, yeah, maybe there was a reason why Harper Lee never wanted this published

http://www.nytimes.c...e&smprod=nytnow

Reince Priebus to Donald Trump: Take it easy, Champ. Maybe stop talkin' for a while.

08 July 2015 - 10:54 PM

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The head of the Republican National Committee, responding to demands from increasingly worried party leaders, spent nearly an hour Wednesday on the phone with Donald Trump, urging the presidential candidate to tone down his inflammatory comments about immigration that have infuriated a key election constituency.

The call from Chairman Reince Priebus, described by donors and consultants briefed on the conversation and confirmed by the RNC, underscores the extent to which Trump has gone from an embarrassment to a cause for serious alarm among top Republicans in Washington and nationwide.

But there is little they can do about the mogul and reality-television star, who draws sustenance from controversy and attention. And some fear that, with assistance from Democrats, Trump could become the face of the GOP.

Rather than backing down from his comments about illegal immigrants — whom he characterized as rapists and killers, among other things — Trump has amplified his remarks at every opportunity, including in a round of interviews Wednesday.

...

The fear expressed by Bennett and others is that Trump will set back the party’s efforts to rehabilitate its image and broaden its reach. And it appears likely that he will be onstage in the presidential debates that begin next month — a dissonant figure in what GOP leaders had hoped to present as a substantive, experienced and appealing field of candidates.

Priebus’s decision to reach out to Trump came after days of talks with Republican donors and officials about how best to manage Trump’s outsize presence on the airwaves. Many financiers who are influential at the RNC have been fuming about Trump’s ascent and told Priebus that he must ensure that the RNC’s efforts over the past year to win more of the Hispanic vote is not harmed.

Reluctant to engage publicly and having developed a friendship with Trump in recent years, Priebus decided to call the candidate and quietly ask him to soften his pitch, said GOP donors familiar with Priebus’s thinking. Trump had left a voice-mail message for Priebus over the weekend asking if they could catch up, making the call’s context less confrontational, the donors said.

The call lasted about 45 minutes, the donors said, and Priebus was cordial, updating Trump on the party and the primary calendar while also urging him to “tone it down” — a phrase used repeatedly by those with knowledge of the exchange. Priebus told Trump that making inroads with Hispanics is one of his central missions as chairman. He told Trump that tone matters greatly and that Trump’s comments are more offensive than he might imagine with that bloc.

http://www.washingto...1e0e_story.html

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Meanwhile, Puerto Rico is broke too

29 June 2015 - 08:37 PM

Puerto Rico is in the midst of what its governor, Alejandro García Padilla, pronounced to the New York Times is a "death spiral." It faces $73 billion in debt, double digit unemployment and has been for several years watching many in its middle class leave the island for the U.S. to flee its economic woes. The commonwealth's debt status is now graded as "junk" and deadlines for debt repayments are days away.

Padilla said over the weekend that the island country's debt "is not payable," the Times reported. He scheduled a 5 p.m. EDT Monday address on the crisis.

http://www.nbcnews.c...-crisis-n383846

I know Puerto Rico isn't exactly a major cog in the world economy, but this seems weirdly under-reported. I had no idea about this until today.