tyb
SAM389 USAF C-40B on final at JBA from Peterson AFB over night
SAM441 USAF G5 departed JBA heading sw
>>56940 pb
BOXER41 USAF C-40C departed San Francisco Int'l after a ground stop of 1 hour
every time I see a pic of killer whale that is what instantly comes in muh head.
Senator Warren attacks JPMorgan's Dimon over 'baloney' overdraft fees
Progressive firebrand Senator Elizabeth Warren on Wednesday attacked JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon after the country's largest lender reaped $1.46 billion in overdraft fees during 2020 while borrowers were struggling to make ends meet amid pandemic lockdowns.
Warren told Dimon during a banking industry U.S. Senate hearing that the fees were especially egregious after federal agencies and Congress gave lenders a raft of regulatory breaks to allow them to preserve capital and better help customers. JPMorgan collected more overdraft fees than its immediate competitors, Warren said. "You and your colleagues came in today to talk about how you stepped up to help your customers during the pandemic. It's a bunch of baloney," Warren told Dimon in a fiery exchange during which the pair, at times, spoke over each other. Dimon responded that JPMorgan waived overdraft fees for customers who asked. When Warren asked Dimon if the bank would refund the fees, he flatly said, "No."
After the hearing, a spokesperson for the bank said in an email response to Reuters that in 2020 the bank waived fees on over 1 million deposit accounts, including overdraft fees, "no questions asked.” The JPMorgan CEO testified alongside Bank of America Corp (BAC.N) CEO Brian Moynihan, Citigroup Inc (C.N) CEO Jane Fraser, and Wells Fargo & Co (WFC.N) CEO Charles Scharf, who also got heat from Warren for overdraft fees. Collectively, the four banks gathered $4 billion in such fees last year, Warren said. With their smaller retail businesses, Goldman Sachs Group (GS.N) CEO David Solomon and Morgan Stanley (MS.N) CEO James Gorman largely dodged Warren's wrath during their testimony.
Speaking to CNBC after the hearing, Warren, a former 2020 presidential candidate who rose to prominence during the 2008 financial crisis, said the banks had used the pandemic to "pump up their profits" and required aggressive regulation. The cost of overdrawing a checking account hit a new high in 2020, increasing to an average of $33.47, according to Bankrate, a consumer finance service. Banks say overdrafts are an important source of credit for customers, but consumer groups say the fees are usurious. The same six CEOs are due to appear before the House Financial Services Committee on Thursday as scrutiny of the industry grows under Washington's Democratic Party leadership.
Warren's attack on Dimon and overdraft fees will come as a blow to the industry which thought it had a good story to tell lawmakers after dishing out $69 billion of COVID-19 aid to struggling businesses and launching programs to tackle racial injustice and wealth inequality. But the Wall Street bosses frequently found themselves under fire from both sides of the aisle, with Democrats criticizing the banks for not doing enough to help everyday Americans, and Republicans wary of their growing support for liberal causes. Senator Sherrod Brown, a Wall Street critic who became chair of the Senate Banking Committee following Democratic gains in the 2020 election, also took a tough line, saying the banks' success navigating the pandemic was not enough. "Under the current system, Wall Street profits no matter what happens to workers, because those profits now come at the expense of workers," he told the CEOs in his opening remarks and implored them to justify their multi-million dollar paychecks and stock buy backs.
Republicans, on the other hand, criticized the banks for trying to drive social policies by limiting financing for fossil-fuel companies and gun manufacturers and by speaking out against a new Georgia voting rights law.
https://www.reuters.com/business/wall-street-ceos-tout-covid-assistance-diversity-efforts-before-us-senate-2021-05-26/
Walmart, Inc sold by Walton Family Trust: $374.36m-May 25,26,27
Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries. Number of employees : 2 300 000 people.
https://www.marketscreener.com/quote/stock/WALMART-INC-4841/company/
Robson Walton-oldest son of Sam Walton
https://finviz.com/insidertrading.ashx?oc=1219112&tc=7&b=2
Jim Walton-youngest son
https://finviz.com/insidertrading.ashx?oc=1219106&tc=7&b=2
Alice Walton
https://finviz.com/insidertrading.ashx?oc=1013440&tc=7&b=2
https://www.waltonfamilyfoundation.org/
Hawley, Sanders decry $10B 'bailout' to Jeff Bezos tucked into bill to rebuff China
Sens. Josh Hawley and Bernie Sanders are speaking out against a $10 billion corporate "bailout" to Blue Origin, a space flight company founded by Amazon’s Jeff Bezos.
The measure was part of an amendment tacked on to the Endless Frontier Act, a bill aimed at increasing U.S. competitiveness with China through science and technology research. The amendment was authored by the Democratic chairwoman of the Senate Commerce, Science and Transportation Committee, Maria Cantwell, who represents Washington state, where Blue Origin is headquartered, and Sen. Roger Wicker, a Republican from Mississippi.
The Senate is voting on amendments to the bill, which costs about $130 billion, and could vote on the final legislation by Thursday. Whether the package sinks or swims without use of "reconciliation," which would require only 50 votes to pass, depends on whether Republicans are satisfied with the amendments that make their way into the bill. GOP members have introduced hundreds of amendments, and not all will get a vote.
The amendment would come after the company lost out on a multibillion-dollar NASA contract to SpaceX, run by Elon Musk. It would provide additional funding for NASA to carry out the Human Landing System program, and direct NASA to have two lander programs, giving Blue Origin another shot. Sanders, D-Vt., introduced an amendment Monday to block Cantwell and Wicker's amendment. "Jeff Bezos is the richest guy on the planet. He's gotten $86 billion richer since the start of the COVID pandemic," the democratic socialist lawmaker wrote on Twitter. "Does he really need $10 billion from Congress for space exploration?" Cantwell said Tuesday afternoon she wasn’t sure if the Sanders amendment would get a vote.
Sen. Ron Johnson, R-Wisc., co-sponsored the amendment. "Why would @SenSchumer and Democrats give billionaire Jeff Bezos a multi-billion dollar bailout? Happy to co-sponsor @SenSanders’ amendment," he wrote on Twitter.
Hawley, R-Mo., a frequent Amazon foe, concurred. "Why is the Senate preparing to give @amazon’s Jeff Bezos a $10 billion bailout?" he wrote on Twitter.
The Bezos space company lost a bid with SpaceX for a contract to put U.S. astronauts on the moon for the first time since 1972. NASA said SpaceX had offered the lowest cost by a wide margin. The Cantwell amendment wouldn’t rescind the SpaceX contract but would create another contract that Blue Origin would be favored to win. Blue Origin spent $625,000 lobbying Congress in the first three months of 2021, according to disclosure records.
"I worry very much that what we are seeing now is two of the wealthiest people in this country, Mr. Elon Musk and Mr. Bezos, deciding that they are going to take control over our space industry," Sanders said on the Senate floor.
Sanders is also concerned about a provision that would give $52 billion to major manufacturers of semiconductors such as Intel to combat the global semiconductor shortage. Automobile manufacturers General Motors and Ford cut production at their North American plants last month because of the shortage. Senate Majority Leader Chuck Schumer, D-N.Y., argued that fewer than 12% of semiconductors are made in the U.S., and that number could decrease without the funding.
https://www.foxbusiness.com/politics/hawley-sanders-10b-handout-jeff-bezos-bill-increase-u-s-competitiveness-over-china