Sunday, November 08, 2020
Not-So-Strange Encounters: Scavenger-Hunting OZone Real Estate on Main Street
OK. Who goes "Window-Shopping" for 100,000 Square-Feet of Vacant Commercial Storefronts here on Main Street in Distressed Downtown Mesa? This image was way too-easy to capture with two obvious contrasts to see in just one selected site.
With David Short gone for unexplained reasons, the Downtown Merchants is desperately seeking to find ways to market thousands of square-feet of AVAILABLE under-used or vacant commercial spaces in the city's original "One-Square Mile". For Trick-or-Treat time to celebrate Halloween, they chose instead of Zombies Pumpkins! . . .Using an artist as a tool to carve them up and hollow the out -- to spur on sidewalk foot-traffic and to boost economic development at the same time advertising the stunt as "family fun".
We'll all have to wait-and-see what their plans are for the upcoming holidays of Thanksgiving and the revival of that old-time favorite "Merry Main Street"
The Time Is Right > We All Need This More Than Ever Before: IQ2US (Real) Debates
Intelligence Squared Debates U.S.provide a forum for balanced and intelligent debate. Promote intellectual and viewpoint diversity by fostering respect for contrary opinions.
Economic inequality has become a linchpin of modern politics. As nations around the world face a reckoning on racial and social justice and work to combat the economic impacts of the pandemic, we ask: Is it time to redistribute the wealth? Should we address growing inequality by overhauling our tax system, expanding our social safety nets, and investing more in public initiatives like universal health care, education, and infrastructure? Or would a wealth transfer unduly punish the economic elite, destroy the promise of a meritocracy, and inevitably lead to excessive government intervention in our social and economic lives?
BACK TO BASICS
The Federal Reserve Bank:
About the Fed
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve
- conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
- promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad;
- promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;
- fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and
- promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations
FOMC Three days ago
Press Release
November 05, 2020
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EST
Recent Developments
FOMC Press Conference November 5, 2020
November 5, 2020
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were:
Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Mary C. Daly; Patrick Harker; Robert S. Kaplan; Loretta J. Mester; and Randal K. Quarles. Ms. Daly voted as an alternate member at this meeting.
Implementation Note issued November 5, 2020
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PREVIOUS:
Supervision and Regulation Report
Recent Posting - 11/6/2020Federal Reserve publishes latest version of its supervision and regulation report
Press Release - 11/6/2020Federal Reserve issues FOMC statement
Press Release - 11/5/2020Agencies release paper on operational resilience
Press Release - 10/30/2020
ALARMING CIVILIAN MILITARIZATION:"Shoot-To-Kill" is The Wrong Tactical Response Used by Too Many
How many times does it take to see that? Whether it's local "militias" mistakenly naming themselves "patriots" to defend freedom, arming themselves with guns-and-rifles-and-ammunition riding around in pick-up trucks proudly loaded with oversized flags, or local police departments supplied with surplus weapons-of-war, "command centers" to control riots and civil unrest and domestic disturbances, it is all caught-on-cam by "first-responders" who frequently are not the public employees of police departments.
Reactions are swift too often un-controllable - raw, visceral and violent. Here's one more recent disturbing incident in West Philadelphia on October 26th. The police body-cam video was edited and delayed for days afterwards (with all the usual defenses for excessive use of force + the need for reform).
Interesting to note this narrative supplied by Tactical Life https://www.tactical-life.com/ with their upload "He's mental..." and the screams of a mother shouting "You're killing my son!"
"...Now the Philadelphia Police Department updated the conversation, releasing body cam footage from the fatal shooting. According to police, the footage shows the officers operated correctly. And it further illustrates they used an appropriate level of lethal force.
“These officers followed their training and police department policy. It’s completely inappropriate that these officers continue to be vilified for doing their job,” said a Philadelphia police union statement, reported CNN.
Footage shows officers repeatedly warn and command Wallace to put down the knife. In total, the officers issue at least two dozen commands of “put the knife down” or some variant. Conversely, Wallace’s mother pleads that her son suffers from mental illness.
“We understand that the materials released today will be very painful, it will elicit anger, rage, distress, and will elicit more questions and rightfully so,” Mayor Jim Kenney told CNN.
Wallace Advanced on Officers
But ultimately the footage shows Wallace as the aggressor. He clearly brandishes a knife, and he stalks toward officers as he ignores their commands. Neither officer carried a Taser, limiting their options, noted CNN.
“Seeing another life lost yet again to police violence can make many of us question if anything has changed or if anything will ever change, but this is why we are releasing this footage because things have to change and they are changing,” Kenney said, reported CNN.
Despite the footage, the attorney for the family of the deceased Wallace, Shaka Johnson, said the suspect clearly suffered from an “obvious mental health crisis,” reported CNN. But rather than calling for officers’ punishment, the family seeks better training and less lethal equipment for officers. . ."
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November 5, 2020
WATCH: Philadelphia Police Release Walter Wallace Body Cam Footage
After the shooting of Walter Wallace sparked violent protest, Philadelphia police released body cam footage showing the armed suspect advance on officers.
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