TampaYankee

Thank god for Warren. She does more for making a level playing field than anyone else. Obama while not all bad has been a lackluster compromising player. With any future elections behind him one would think he'd push a little more discipline on the BIG Bank community.

Elizabeth Warren Quietly Racked Up A Nice Win By Linette Lopez Senator Elizabeth Warren (D-Mass.) got her way on Tuesday when the Federal Reserve rejected the living will plans for most Wall Street banks. Barclays, Citigroup, Goldman Sachs, and JPMorgan Chase all had their plans rejected.* The concept of living wills was born of the financial crisis, when regulators and politicians realized that they had no orderly way of unwinding systemically important banks that had failed. They didn't want to see another Lehman bankruptcy that would take three years to resolve. The wills then became a part of Dodd-Frank, so banks were legally required to write their own strategies for the "rapid and orderly resolution in the event of material financial distress or failure of the company." The Fed on Tuesday made it clear that it did not feel the wills that banks submitted last month (now in their second iteration) were capable of doing that — something Warren had been shouting about. When Federal Reserve Chair Janet Yellen testified before the Senate last month, Warren completely grilled her on JP Morgan's living will, which she said was not enough to cover the bank's $2.5 trillion in assets. "I almost couldn't believe this when I read it," Warren told Yellen. Yellen said the Fed was continuing to review the wills and that it was a complicated process. Warren wasn't satisfied: I think the language in the [Dodd-Frank] statute is pretty clear. That you are required, that the Fed is required to call it every year on whether these institutions have a credible plan. And I remind you, there are very effective tools that you can use if those plans are not credible. Including, forcing these financial institutions to simplify their structure, or forcing them to liquidate some of their assets. In other words, break them up. The Fed said the wills the banks presented were "unrealistic" and that firms lacked significant structural changes necessary to carry them out. From the Fed's release: The agencies will require that the annual plans submitted by the first-wave filers on or before July 1, 2015, demonstrate that the firms are making significant progress to address all the shortcomings identified in the letters, and are taking actions to improve their resolvability under the U.S. Bankruptcy Code. These actions include: establishing a rational and less complex legal structure that would take into account the best alignment of legal entities and business lines to improve the firm's resolvability; developing a holding company structure that supports resolvability; amending, on an industry-wide and firm-specific basis, financial contracts to provide for a stay of certain early termination rights of external counterparties triggered by insolvency proceedings; ensuring the continuity of shared services that support critical operations and core business lines throughout the resolution process; and demonstrating operational capabilities for resolution preparedness, such as the ability to produce reliable information in a timely manner. The next wills come out in July 2015. Let's see if those satisfy Warren and the Fed. See the original article at: http://finance.yahoo.com/news/elizabeth-warren-quietly-racked-nice-165750185.html

I love Stephen Colbert. He's a national treasure.

Stephen Colbert Buys TheSarahPalinChannel.com, Promises His Own 'Angry Echo Chamber' The Huffington Post | By Carol Hartsell Sarah Palin just learned a valuable lesson about starting your own web channel: make sure to buy up any similar domain names, such as, say, one that simply puts "The" in front of your URL. On Tuesday, after taking a look at Palin's new project, SarahPalinChannel.com, "a safe space where like-minded folks can hear things they already agree with from someone whose opinion they already know," Colbert gleefully announced that he had purchased TheSarahPalinChannel.com earlier that day. So far, the channel is sparse on content, featuring only a photo of the former half-term Alaska governor-turned-grifter and a description: "The only Sarah Palin Channel on the internet with a definite article in the address!" For more hilarity and the video I urge you to go to the original article at: http://www.huffingtonpost.com/2014/07/30/colbert-buys-thesarahpalinchannel-sarah-palin_n_5633642.html

I'm particularly interested in the Buffaloberries. Any berry that makes a half-decent wine has got to be good for you. I like especially that it is high in lycopene, which at my age is a plus. I bet it makes a decent jam or jelly too. Chlorella seems chock full of critical nutrients but looks a bit sketchy to the eye. Interesting to see if there is an acceptable way to consume it. I've had teff. No bad tasting but the texture is a bit strange to my tongue -- tiny tiny grains wash over the tongue making it seem more of a textured paste. Nutritious, not in your nearby supermarket and pricey the last I knew.

7 Superfoods You've Never Heard Of The Huffington Post | By Alison Spiegel Alan Majchrowicz via Getty Images If you were asked to name a superfood, we're betting you might say quinoa. And if you were to rattle off a few more, you might mention goji berries, chia seeds or if it was 2009, acai. The term "superfood" is as overused as its meaning, nutritional powerhouse. Everyone's constantly on the lookout out for the next greatest miracle food that is packed with vitamins and antioxidants -- the answer to everyone's health problems. But what really is a superfood? The truth is that the term "superfood" isn't officially supported by the medical community at all. It's a marketing term... and it sure is working. Superfoods are, according to the dictionary, quite simply "nutrient-rich food considered to be especially beneficial for health and well-being." That could qualify a lot of foods -- from the common ones we all know well, like blueberries and broccoli, to the trendy ones (ahem, quinoa and kale) to ones we never would have considered. Some we may not be familiar with at all, others we didn't know were even edible, and still others just mystify us altogether. Essentially, people are naming a whole lot of what we eat "superfoods" -- so many so that we're learning of new ones seemingly every day. The the seven 'superfoods' and the complete article at: http://www.huffingtonpost.com/2014/07/30/superfoods_n_5630992.html

Submitted in the sense of fair play and equal time. Impressive list overall. I could live happily in any of six of them.

CNBC: America’s top states to live in 2014 See this list at: http://www.cnbc.com/id/101719133

From my visits to Kentucky I consider this one of the most beautiful states and I certainly would not include it in the ten worst. On the down side it is the home of Mitch McConnell .

CNBC's worst states to live in See this list at: https://homes.yahoo.com/photos/gallery-cnbc-s-worst-states-to-live-in-slideshow/

I suspect that if you paid the taxes he does then your border questions wouldn't be so invasive.

Vermont is quaint, also a quaint mix of people. It is full of red necks and New Yorkers-in-exile. That is what my son, who spent a few years there attending school, led me to believe. My observations on visits did not conflict with this. Beautiful state with high taxes.

It struck me as a lazy copy writer or editor unwilling to scrounge up a beach shot a little closer to home. It is not like the lower East Coast of Florida is bereft of beaches. <shakin' my head>

Fortunately, I'm not inclined to live in any of these states.

Social Security: 6 States That Heavily Tax Benefits By John Maxfield , July 12, 2014 Source: The Tax Foundation As a retiree, there are few things as frustrating as the fact that your Social Security benefits are potentially subject to federal income taxes. Weren't previously paid taxes what financed them in the first place? To make matters worse, a handful of states also require retirees to remit a portion of their monthly benefits to the public coffers. But while some states are more lenient in this regard than others, there are six that stand out from the pack on the opposite end of the spectrum. These states -- Minnesota, Nebraska, North Dakota, Rhode Island, Vermont, and West Virginia -- apply the same standard for taxation as that used at the federal level. As a result, many retirees in these states face the dismal prospect of having at least some of their benefits reabsorbed into the system. Expanding on this in the following video, Motley Fool contributor John Maxfield breaks down the 50 states according to how they treat Social Security payments for purposes of income taxes. Social Security plays a key role in your financial security, but it's not the only way to boost your retirement income. In our brand-new free report, our retirement experts give their insight on a simple strategy to take advantage of a little-known IRS rule that can help ensure a more comfortable retirement for you and your family. Click here to get your copy today. See the oriuginal article with accompanying video at: http://www.fool.com/retirement/general/2014/07/12/social-security-6-states-that-heavily-tax-benefits.aspx

Thanks for the heads up. I've corrected the link above.

Some surprising entries to me: Pittsburgh, Buffalo and Hot Springs. I expected all to be in Arizona and Florida with Palm Springs maybe in the mix. Hot Springs looks like the cost of living winner. I'm very familiar with Clearwater and it is a great town if one could dry out the humidity.

8 U.S. Cities With the Most Retirees KIRSTEN KLAHN, JULY 12, 2014 See original article at: http://wallstcheatsheet.com/personal-finance/8-u-s-cities-with-the-most-retirees.html/?ref=YF

Can't understand who would want to live or work at such altitudes. I've been on the Empire State elevators and they are amazingly speedy without giving much backlash, but still that ride is a trip in more ways than one. In an emergency when the elevators are out? No thanks. Anybody crazy enough would do well to buy a parachute and jumping lessons just in case... oh, and a helmet too.

Plans show tallest residential building on earth coming to Manhattan By Dante D'Orazio on July 12, 2014 05:17 pm Had trouble transferring graphics so please see the complete article at: http://www.theverge.com/2014/7/12/5893961/nordstrom-tower-tallest-residential-building-in-the-world (This link has been corrected from the original posting.)

These sound pretty good to me.

3 Hotel Booking Secrets From An Industry ExpertPosted: 07/11/2014 10:12 am EDT Updated: 07/12/2014 9:59 pm EDTSee original article at: http://www.huffingtonpost.com/2014/07/11/hotel-booking-tips-jacob-tomsky_n_5576469.html

Not even close. The advent of syphilis in Europe is generally attributed to it being imported from the New World natives, directly or indirectly, by Columbus. Now that's revenge. The scourge of tobacco was probably seen as a most pleasurable grace by comparison -- its patrons or most of them killed off by many other scourges before tobacco had sufficient time to fully blossom all of its wonders upon them.

Amen, he was hot as a pistol in T&L. I fell in love in that movie not to mention lust too.