Society's ChildS


Snakes in Suits

Bitcoin bull John McAfee warns US government: 'I will bury you'

John McAfee
Bitcoin millionaire John McAfee - who's a fugitive from the law for tax evasion - derisively taunted the U.S. government on Twitter. McAfee warned them to leave him alone or he will "f***ing bury" them.

In a dizzying weekend Twitter rant, McAfee claimed that the Department of Justice is compiling a bogus case against him for money-laundering, racketeering, and murder.

Snakes in Suits

America's most hated bank? Three candidates turn down Wells Fargo for CEO post

wells fargo
Just how hated is Warren Buffett's "favorite" bank Wells Fargo?

Not only are millions of clients dumping the bank following countless scandals involving the bank's cross-selling of accounts, not only did the Fed slam the bank with an unprecedented penalty (as Janet Yellen's last act before she retired), not only did the bank's former CEO, Tim Sloan, unexpectedly resigned under dramatic pressure from Congress, but now the WSJ reports that the bank is having trouble getting top bankers interested in its open chief executive officer job.

According to the WSJ, the bank's board approached a small group of top candidates, including JPMorgan consumer banking chief Gordon Smith, PNC CEO William Demchak and former U.S. Bancorp chief Richard Davis.

The results were ungood: both Demchak and Davis took a hard pass on potentially replacing Sloan, while Smith, who is JPMorgan's co-chief operating officer, reportedly told confidants that he is reluctant to take the job and is likely to stay at JPMorgan.

Magnify

The myth of the 'lazy' father

father and son
You've probably heard a lot of complaints about dads over the past few years. We fathers are not pulling our weight around the house. Poor Mom is stuck working a "second shift," doing more than her share of household chores even after a full day at the office. In fact, even "good dads" aren't so good after all, and don't deserve all the praise that is apparently heaped on them whenever they are seen in public within 50 feet of their kids.

In honor of Father's Day, allow me to dig into the data on how parents spend their time, and to bring to light a side of it that few seem willing to discuss. It's a side that makes dads look . . . good.

My core points are these: Among married couples living together with kids, if anything, it's dads who do more work in total-adding up paid work, housework, child care, and even shopping. Moms do work more in some specific circumstances, but the data acquit fathers as a group of the slacking charges so frequently leveled against them. Further, the biggest complaint that is actually consistent with the numbers-that moms and dads do different blends of home work and paid work-is not necessarily a problem at all, and to insist otherwise is to devalue parents' own preferences.

Bulb

Russian PM: 4-day week may be future of labor in technology-changed world

russian women
© Reuters
New technologies make jobs less labor-intensive and the labor market more global. Employers who benefit from it should be prepared to make concessions to their workers in return, Russian Prime Minister Dmitry Medvedev has said.

"It's quite possible that the future belongs to the four-day week as the foundation of the social labor contract," Medvedev said as an example of what corporations may offer laborers in the future.

He argued that paying the same money for less working hours may not be a loss for employers and national economies. After all, when the previous major change in working hours took place in early 20th century, with people like Henry Ford agreeing to 40-hour week at their plants, there was a productivity boost.

Heart - Black

Texas mother claims she was kicked out of public pool for breastfeeding baby

Misty Daugereau
© Misty Daugereaux/FacebookMisty Daugereau
A Texas mother says she was forced to leave a public pool for breastfeeding her baby.

Misty Daugereaux went to the Nessler Park Family Aquatic Center in Texas City, about 40 miles southeast of Houston, with her two young sons and her nephew on Sunday. Her 10-month-old got hungry and became fussy, so she attempted to discreetly breastfeed him, she said.

But a lifeguard approached her and said she couldn't breastfeed at the public pool. Then the pool manager told her it was against their policy and she needed to "cover up or leave."

Brick Wall

Unintended consequences: Since #MeToo, a majority of male managers are uncomfortable participating in work activities with women

men avoid working women
The #MeToo and Time's Up movements have brought huge attention to the challenges women face at work, but a new survey finds that 60% of male managers say they're uncomfortable participating in regular work activities with women, including mentoring, working one-on-one or socializing.

According to the survey, released by LeanIn.org and SurveyMonkey, that's a 33% increase from last year.

Senior-level men also say they are 12 times more likely to be hesitant about one-on-one meetings with a junior woman than they are a junior man, nine times more likely to be hesitant to travel with a junior woman for work than a junior man, and six times more likely to be hesitant to have a work dinner with a junior woman than a junior man.

LeanIn.org founder and Facebook COO Sheryl Sandberg calls the results "totally unacceptable."

She tells Julia Boorstin on CNBC's "Squawk on the Street" that the problem with this dynamic is that "women already weren't getting the same mentorship men were, particularly women of color." And in her experience, she says, "no one has ever gotten a promotion without getting a one-on-one meeting."

Comment: More details and astute commentary on the study: More men are uncomfortable interacting with women at work since #MeToo, study says


Heart - Black

Oxfam failed to act on early warnings about staff's sexual misconduct in Haiti - reports

Oxfam store
© AP Photo / Nick Ansell/PAOxfam store in London. (File)
Oxfam, one of the United Kingdom's largest charitable foundations, which plunged into a major sex scandal in early 2018, failed to verify the very first claims of sexual misconduct against its staff in Haiti after the 2010 earthquake, The Times newspaper reported on Tuesday, citing a report on an investigation into Oxfam's handling of the scandal.

According to the outlet, the report, set to be published by the Charity Commission for England and Wales later in the day, found that Oxfam received emails in early 2011 alleging that the organization's relief workers in Haiti had taken advantage of young girls and women living in refugee camps after the earthquake to have sex with them.

The warning, however, fell on deaf ears because the charity believed that the emails were malicious, the newspaper reported.

Dollar Gold

Gold is always shiny but US dollar is a 'hyperinflated bubble' ready to pop - RT's Keiser Report

gold bar
© Global Look Press / Artur Cupak
Malaysian Prime Minister Dr. Mahathir Mohamad proposed a gold-backed currency as a unit of account for trade between East Asian nations. Today's currency trading is manipulative, he said.

"For the past 40+ years we've tried to remove ourselves from a gold standard, we pretended it doesn't exist... and that failed because gold is always telling the truth... and you don't have to trust to somebody printing up a whole bunch of money," says Stacy Herbert.

Pirates

Legalized highway robbery: Texas seizes money and property with little oversight or transparency

Texas civil asset forfeiture
In January 2016, Houston police took $955 from a man they said was a gang member with a criminal history because they suspected he was selling painkillers found in his car during a traffic stop. When prosecutors discovered he had a valid prescription for the drugs, they dropped the possession charge.

But the man's money still went into the coffers of the police department and the local prosecutor.

A few months later near the U.S.-Mexico border, a Webb County sheriff's deputy pulled over a southbound car that Border Patrol agents had flagged for having hidden compartments. There was nothing in the compartments, but because deputies suspected it was tied to drug trafficking, they still seized the 2007 Nissan Altima. The driver wasn't charged with a crime.

The seizures highlight the controversial but complicated nature of a common policing practice called civil asset forfeiture, where law enforcement agencies can take and keep a person's cash and property without charging the person with a crime. Instead, the government sues the property itself in civil court - where property owners have no right to a court-appointed lawyer - leading to oddly-named lawsuits like The State of Texas v. one 2005 Ford Mustang.

State and local law enforcement agencies bring in about $50 million per year through state asset forfeiture laws, but there is little data on how this powerful tool is used in Texas. Agencies and prosecutors must report their overall profits from seizures to the state, but law enforcement officials have successfully fought legislative proposals that would require them to release data on how much is taken in individual seizures, and how often they are tied to a criminal charge.

Comment: Robin Hood in reverse - How government goons use civil asset forfeiture to rob us blind
Unsurprisingly, these asset forfeiture scams have become so profitable for the government that they have expanded their reach beyond the nation's highways.

According to USA Today, the U.S. Department of Justice received $2.01 billion in forfeited items in 2013, and since 2008 local and state law enforcement nationwide has raked in some $3 billion in forfeitures through the federal "equitable sharing" program.

So now it's not just drivers who have to worry about getting the shakedown.

Any American unwise enough to travel with significant amounts of cash is fair game for the government pickpockets.

In fact, the Drug Enforcement Administration (DEA) has been colluding with the Transportation Security Administration (TSA) and local police departments to seize a small fortune in cash from American travelers using the very tools-scanners, spies and surveillance devices-they claimed were necessary to catch terrorists.
Push-back against the practice is having some success: Supreme Court delivers pivotal victory for asset forfeiture challenge


Cardboard Box

Fed Ex will no longer provide express shipping for Amazon

Fed Ex truck
FedEx has elected not to renew one of its contracts with Amazon for their Express overnight and two-day service.

"FedEx has made the strategic decision to not renew the FedEx Express US domestic contract with Amazon.com, Inc. as we focus on serving the broader e-commerce market," the company said in a Friday statement.

Of note, the decision "does not impact any existing contracts between Amazon.com and other FedEx business units or relating to international services," according to the release.

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