IRS Rule To Strip the Tax-Exempt Status for Private Schools' at all levels when Using DEI

Good news! Long overdue! DEI is racism, no doubt it is about skin color and illegal discrimination!

Just look around how many US companies and schools of higher education still feature DEI prominently on their websites! 

"The Trump administration is hitting private schools where it hurts the most: their tax-exempt status. A new rule proposed by the Internal Revenue Service (IRS) on Thursday would strip private schools at all levels of education of tax-exempt status for using racial preference policies like diversity, equity, and inclusion (DEI).

The Treasury Department estimates that the new rule could affect the statuses of 18,000 private elementary, secondary, and post-secondary institutions, including colleges, universities, and trade and professional schools. ...

Harvard University may have started the trend in 2023 after the Supreme Court decided Students for Fair Admissions v. Harvard, ruling that race-based admissions schemes like affirmative action are unconstitutional. Immediately after, then-President Claudine Gay, the disgraced plagiarist who still retains a job at the school after resigning the presidency, signaled that prospective students could still benefit from communicating their race on their applications, hinting that admissions boards would still consider that factor. ..."

IRS Rule To Strip Private Schools' Tax-Exempt Status For Using DEI

Three Japanese megabanks to gain access to Anthropic's powerful AI model Mythos thanks to US Treasury Secretary Bessent

Good news! What will these banks do with Mythos?

How much die Prime Minister Takaichi influence this decision while Bessent visited Japan?

"Japan's three megabanks are set to gain access to Claude Mythos, the powerful artificial intelligence model developed by U.S. startup Anthropic, as soon as the end of May, Nikkei learned Wednesday. ..."

Japan megabanks to gain access to Anthropic's powerful AI model Mythos - Nikkei Asia "MUFG, Sumitomo Mitsui and Mizuho were likely informed of decision by Bessent"

Japanese Prime Minister Sanae Takaichi, right, and U.S. Treasury Secretary Scott Bessent pose for photos at the prime minister's office in Tokyo on May 12. (Source)

U.S. Treasury Secretary Yellen says outlawing abortion would hurt U.S. economy, 'set women back decades'

With her incredible economic incompetence is the 75 year old Secretary of the Treasury not far behind the demented and senile 46th President!

The wonders of the gerontocracy coming out of the U.S. administration and the U.S. Congress. How old is Pelosi and Schumer or McConnell?

It almost seems the 75 year old lady never heard of contraceptives or has she ever used contraceptives?

"... "I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades," Yellen said Tuesday at a Senate Banking Committee hearing. ...

Yellen said that the original ruling allowed women to finish academic degrees, thereby increasing their earning potential, which led to higher workforce participation. 

"Research also shows that it had a favorable impact on the well-being and earnings of children," she also argued. ..."

Yellen says outlawing abortion would hurt U.S. economy, 'set women back decades' | Just The News Treasury secretary says access to abortion has allowed for higher female labor force participation

Janet Yellen: America Needs $1.9 Trillion Stimulus -- 'We Are Digging Out of a Deep Hole'

Again, Janet Yellen proves what a horrible Keynesian economist she has always been! If only Big Government spends enough of taxpayers' money ...

She has been a one trick pony throughout her professional career. Government deficit spending is all she knows!

She is a mediocre economist: According to Microsoft Academic her lifetime citation count is only 9,813 for 68 publications (as of 2/19/2021). By comparison, Milton Friedman 165,635 citations for 468 publications.

 

What really stimulates the economy is less regulations and less taxation! More free market economics! Let the entrepreneurs get to work! Period!

Yellen: America Needs $1.9 Trillion Stimulus -- 'We Are Digging Out of a Deep Hole'

Wells Fargo Bank: Too Big Too Fail And Too Big To Fight?

Quid Pro Quo?

Why did Wells Fargo accept “Justice Department Reaches Settlement with Wells Fargo Resulting in More Than $175 Million in Relief for Homeowners to Resolve Fair Lending Claims”?

Big financial institutions will receive big government bailouts if they do not resist big government’s attempts to punish them?

Incredibly Spineless

Why Wells Fargo or other banks do not fight back when very controversial disparate impact analysis, which originated in discriminatory employment practices, is applied to mortgage lending practices.

Wells Fargo is willing to pay $175 million in fines and compensation to allegedly discriminated borrowers instead of telling this zealous Attorney General for the Justice Department’s Civil Rights Division, Thomas Perez, to take his extortion act somewhere else. Given that the November 2012 election may change the whole picture it was incumbent on Wells Fargo to fight back. With $175 million you can pay 175,000 billing hours of attorney’s charging $1000 per hour. That is no brainer to me: Bring it on Mr. Perez.

Further, according to the settlement Wells Fargo is on the hook for more payments as it says “Compensation paid to any retail borrowers identified in the review process will be in addition to the $125 million to compensate wholesale borrowers who were victims of discrimination.” (Emphasis added).

Stain Of Unfair Lending

Now Wells Fargo sort of confirmed with this coward act that big banks conspired against borrowers and that big banks are responsible for the financial crisis of 2008. By accepting this frivulous settlement Wells Fargo appears to be hiding something.

The CEO of Wells Fargo should immediately resign if he has any respect.

Wells Fargo Failed To Break This Vicious Catch 22 Cycle

If big banks do not lend to risky borrows they are threatened by the Justic Department and if they charge risk premiums they are threatened as well. The only winner here: Big Government!

What Is Wrong With The CEO’s Of Big US Banks?

Was it not enough that Treasury Secretary Henry Hank Paulson gathered the CEO’s of nine of the nations largest banks in one room in October 2008 and strong armed them into into ceding $250 billion worth of equity in their enterprises to the U.S. government. Any decent CEO would have walked out of this meeting.