Shocking video out of Chicago shows a mob of young black men viciously beating an older white man because he voted for Donald Trump, dragging him through the streets as he hangs out of the back of his car.
The clip shows the thugs repeatedly screaming, “you voted Donald Trump” as they assault the victim from every angle while others steal his belongings.
“You voted Trump,” the mob screams, “You gonna pay for that sh*t.”
Another woman shouts “beat his ass,” while another man is heard laughing before remarking, “Don’t vote Trump.”
The state said it will allow policyholders to buy coverage from a different insurer before their Land of Lincoln plans are terminated, but it’s unclear when the policies will lapse.
“It’s a bad day for the marketplace in Illinois and our consumers,” said Jason Montrie, president and interim CEO of Chicago-based Land of Lincoln. “This is the end.”
The Department of Insurance said the decision was based on the startup company’s deteriorating financial condition. Land of Lincoln is required to pay $31.8 million to other insurers under a complex formula in the Affordable Care Act, which aims to keep premiums stable by balancing risks among insurers.
In an interview with CBS’ “Face the Nation” on Sunday, Giuliani said the movement is “inherently racist.”
“They sing rap songs about killing police officers and they talk about killing police officers and yell it out at their rallies. And when you say black lives matter, that’s inherently racist,” the former New York City mayor said. “Black lives matter, white lives matter, Asian lives matter, Hispanic lives matter – that’s anti-American and it’s racist.”
Giuliani pointed a finger at the media for paying more attention to fatal police shootings of black men than when a black child gets killed in Chicago.
The city of Chicago had the highest urban bank rate failure during the Great Depression. A new study by Dr. Natacha Postel-Vinay just published in the prestigious Journal of Economic History uncovers the link between Chicago’s huge real estate boom and bust during the 1920s and the failure of the majority of Chicago’s banks in the early 1930s. In her article “What Caused Chicago Bank Failures in the Great Depression?” Dr. Postel-Vinay establishes that it was mortgage lending that caused the majority of Chicago banks to fail. Her most significant finding is that the mass bank failure was not caused by imprudent lending and the poor quality of the mortgages. The mortgages were small relative to property prices and losses suffered by banks on their mortgages were insignificant. Rather, banks failed because mortgage lending rendered banks inherently illiquid and unable to withstand the mass withdrawal of deposits during the depression. In other words, Chicago’s fractional-reserve banks failed en masse while behaving prudently and going about their regular business: borrowing short and lending long.
By highlighting the role of fractional-reserve banks and financial distortions in the 1920s in explaining the severity of the the Great Depression, Postel-Vinay’s study further undermines the Friedman-Schwartz explanation which focuses almost exclusively on movements in the money supply, and completely ignores interventions in both labor markets and financial markets.
Tags: Money and Banks , Money and Banking
A new study by Dr. Natacha Postel-Vinay just published in the prestigious Journal of Economic History uncovers the link between Chicago’s huge real estate boom and bust during the 1920s and the failure of the majority of Chicago’s banks in the early 1930s.
In her article “What Caused Chicago Bank Failures in the Great Depression?” Dr. Postel-Vinay establishes that it was mortgage lending that caused the majority of Chicago banks to fail.
Her most significant finding is that the mass bank failure was not caused by imprudent lending and the poor quality of the mortgages. The mortgages were small relative to property prices and losses suffered by banks on their mortgages were insignificant.
In Sunday night’s episode “Drive,” FBI Agent Jordan Kent confronts agent Ryan Booth about his mysterious disappearance during a field operation in Chicago. Kent believes Booth’s sudden disappearance during the op was no accident and accuses him of being involved in an American militia’s attack in the city.
What possible reason would I have for wanting to hurt innocent people?” Booth, played by actor Jake McLaughlin, asks Kent. “Why would I want to destroy my own career?”
“I don’t know. Maybe Afghanistan broke you,” Kent replies. “Maybe you realized what a worthless war it was when you got back and you got to talking to one of those cell members one day and realized you were fighting on the wrong side
Black Lives Matter protesters are claiming have invoked the name Trayvon Martin after 16-year-old Pierre Loury was shot and killed by a Chicago police officer Monday evening during a chase. According to police the teen fled from a car and then pointed a gun at the officer while trying to climb a fence.
Police say Pierre Loury was a documented gang member. On Tuesday night 100’s of people gathering for a vigil and protest blocked the Eisenhower Expressway. What do you think?