Tag Archives: news today update

Trump Continues to Block Stimulus Bill and has now Vetoed Massive $740 billion Defense Pkg.

The 14 day countdown to January 6th “Coup-Day” has begun

After threatening to veto the $900 billion stimulus package that was passed by congress on Monday, Trump has so far not officially done so and has not yet made further comments on the matter. The possibility of an actual veto means that the bill would not go forward without either changes to appease Trump or a vote to override the veto, if it comes to that. 

Representative Peter King, in an interview, not surprisingly called Trump a turncoat, essentially: 

“Why didn’t the president say this before? Why did his administration say it had to be $600? They were the ones driving this. Nancy Pelosi wanted $2,000 all along, and I’m not a Pelosi fan. Bernie Sanders wanted $2,000. The president and his administration refused to give it, and now he’s trying to somehow double back. He’s leaving Republicans out there hanging out to dry after signing off on an agreement and asking us to vote for it.”

Rep. Representative Peter King on the Joe Piscopo Show

Surprise, Trump double-crossed his Republican friends, imagine that.

This chaotic situation, so typical during the Trump years, means that there are three probable outcomes for the stimulus package so desperately needed by Americans.:

1. If Trump vetoes the Stimulus package:

The resolution of the situation could be delayed, indefinitely. The law allows 10 days, excluding Sundays, to sign or veto legislation. If he chooses not to act, the bill normally would become law.

However, in this case the stimulus package was attached to the government funding bill. Current funding expires on December 28th. Since the separate defense bill has already been vetoed by Trump (see below), there will likely be a session next week to attempt to override that veto. An additional vote could be added.

2. Trump sides with Democrats and Republicans fight this new (insane) Trump / Democrat coalition. 

In this case it’s possible that the Unanimous Consent request put forth by Democrats would be voted on, even by tomorrow, and passed. Unlikely but perhaps a Christmas miracle? 

3. Trump signs the bill anyway

Third possibility is that the original version of the bill is ultimately not blocked by Trump (he flip-flops), and then could go forward without an over-ride to the threatened potential veto. 

“If the president truly wants to join us in $2,000 payments, he should call upon Leader McCarthy to agree to our Unanimous Consent request” 

—Speaker Nancy Pelosi

Democratic Reps. Rashid Tlaib, D-Mich., and Alexandria Ocasio-Cortez, D-N.Y., announced on twitter that they have crafted an amendment to raise the amount of the stimulus checks.

“Me and @AOC have the amendment ready,” “Send the bill back, and we will put in the $2,000 we’ve been fighting for that your party has been blocking.”

“We spent months trying to secure $2,000 checks but Republicans blocked it. Trump needs to sign the bill to help people and keep the government open and we’re glad to pass more aid Americans need.”

Senate Minority Leader Chuck Schumer 

All of this along with a potential government shutdown on Monday, and today’s veto of the massive $740 billion defense bill that was already announced. The Senate voted overwhelmingly , with a veto-proof majority of 84 to 13, to approve the huge defense package but now face a necessary override vote. 

Trump threatened to veto this bill because there is no repeal of Section 230 in it. A repeal of Section 230 would be huge news, though unlikely, as it is a law shielding internet companies from any liability for third party postings on their websites.


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Father of Fractals is Google Doodle Star: Who is Benoit Mandelbrot?

https://video.twimg.com/ext_tw_video/1329770660177047552/pu/vid/640x640/L6CqbeZPCfEz6Q9S.mp4?tag=10

Above: Photo Collage / Lynxotic

Mathematics and Philosophy meet in Fractal Pioneer’s Unique Career

Benoit Mandelbrot, the renowned French-American mathematician, died on October 14th, 2010 at the age of 85, and would have turned 96 today.  To celebrate, Google published a doodle in his honor.   An additional part of the celebration, Google launched an  interactive “Explore” feature to allow users to view the endless patterns of the Mandelbrot set. 

Click to see “Fractals and Chaos
and help Independent Bookstores.
Also available on Amazon.

If you don’t know what a fractal is, simply put, it is a never-ending pattern.  As defined by the Fractal Foundation: “They are infinitely complex patterns that are self-similar across different scales.  They are created by repeating a simple process over and over in an ongoing feedback loop“. There are many examples of fractals in nature, in fact virtually all natural phenomena can be seen as being fractal based. 

Mandelbrot is best known for fractal geometry, which is a term he coined in 1975 to describe a new branch of geometry that sought to explain of the irregular shapes and processes found within nature.  His research has contributed valuable knowledge in many different fields including physics, medicine, geology, art and even finance. 

Wide ranging influence continues to this day

His fractal theory have even found its way into pop culture, with graphical images created by his algorithm placed on t-shirts, posters, album covers, and even inspired a song called “Mandelbrot Set” by Jonathan Coulton and the text “The Colours of Infinity” by Arthur C. Clarke. 

The mathematician won numerous awards, including the prestigious ‘Wolf Prize” in 1993 for Physics and even had a small asteroid named in his honor in 2000 called ’27500 Mandelbrot’.

Mandelbrot made significant contributions to the study of financial markets as a fractal based system that conforms to the concept that all of nature, and the entire universe, is also fractal based. A great body of overlapping work exists between the studies of the financial markets done by Mandelbrot himself as well as the way his fractal concepts figured into the work of Ralph Nelson Elliott and Robert Prechter of the ElliottWave.com

The basis of Elliott’s theory is to describe price movements in financial markets as recurring, fractal wave patterns. This core insight was, in essence an outgrowth of the recognition that, when looking at various time frames in stock market charts, and therefore the human behavior that generated those patterns, the result is no different than looking at, for example, a sea coastline from various altitudes – which reveals a fractal. 

The insight that produced this theory not only established and inspired the stock trading strategy based on the Elliott Wave Theory, but also more recently led to Robert Prechter’s Socionomic Theory. Socionomics is a new science using the benefits of Elliott Wave Theory in understanding not only finance and economics but also social behavior, popular culture and politics which can be seen as interpreting nature using fractal based concepts. 


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