Even Jamie Dimon Sounds Like Middle America

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Jamie Dimon: “It’s almost an embarrassment being an American citizen!”

What a difference six months has made – Last January, JPMorgan CEO Jamie Dimon couldn’t stop talking about the “moment of opportunity” at the start of the Trump Presidency. At the time, he believed what many Republicans believed: that with the election behind us, the President would appoint a cabinet that could assemble policy plans even if he didn’t oversee them directly, that Congress would support those plans, draft legislation and reform that was in parity with White House policy and the President would sign it. Ah- what dreams may come…

In my day job, I must have listened to 200 or more bank earnings calls, and JPMorgan’s is one of the most important. They are generally stale and rehearsed- almost like a State of the Union address. So it’s hard to imagine this was an off-the-cuff exclamation by a long-standing, experienced leader.  But it was in some ways comforting to see an uber-conservative, powerful, connected person like Jamie Dimon feel as helpless as the rest of us as we near the second fight over an Obamacare repeal that increasingly seems to be going sideways, with bank reform, tax reform and a real budget plan still over the horizon.

Wall Street has much to fear from this stagnation. Much of the “Trump Rally” of early 2017 was due to expectations of a “lightning fast” administration that expected to already have unilaterally repealed Obamacare, put out a new budget with sweeping tax cuts, a $1 trillion (with a ‘T’) infrastructure plan, higher interest rates, a boost in GDP growth, and a massive re-vamp of Dodd-Frank alongside sweeping policy changes for bank capital plans. As the train backs up from a 2017 agenda to 2018 at best, a whole year of growth that may already be “baked in” to 2017 earnings (especially in financials) looks more and more like over-optimism… and the pain of that shortfall will be shouldered heavily by Dimon.

It feels like something’s gotta give, and my guess – maybe even my hope – is that it’s the Senate filibuster. Maybe the 60 vote cloture rule really is a relic of a lost era – when the point really was just to make sure all sides had a chance to speak (not to hold hostage the democratic process), and filibusters were rare – rather than the universal means to halt any legislation at all. Senators – this is why we can’t have nice things.

It’s time to pick an agenda and go. Repeal or move on. Obamacare is important, but tax and budget planning are the backbone of GDP projections, corporate growth and earnings, and a myriad of corporate planning objectives for the next 5 years. The Senate has set its time table based on their internal politics, and the country has spoken – that just can’t be the timeline. Godspeed, Senator McCain, I wish you a speedy recovery. But it isn’t just about one vote. It’s time to get this past us and move on to the next phase of economic growth- or by October, the “Trump Rally” may yet be another bear market.

 

Black Families Under Attack?

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Once again, the one and only Dr. Umar Johnson has made headlines; this time is for the exchange he had during an interview on the Roland Martin show. Overall, I felt the interview portion by Roland Martin was the typical question and answer session one would expect of a host and their guest. Roland asked Dr. Johnson a range of tough questions to break down all the backlash Dr. Johnson was receiving from an earlier interview he did with The Breakfast Club. Unfortunately, the Roland Martin interview took a turn for the worse and became more of an attack session on Dr. Johnson when the panelists were brought in. Only A. Scott Bolden was composed and actually tried to listen to Dr. Johnson for understanding, and not just listen to respond. Also, despite Roland questioning Dr. Johnson on a variety of topics, the panelists did not want to talk about anything other than Dr. Johnson’s stance on inter-racial marriage. Dr. Johnson strongly believes in order to save the Black family, Black men must choose to commit to and marry a Black woman.

Don’t get me wrong, I do believe a person should love who they want and who makes them feel as if they are the only person that matters on the planet. There is no greater feeling than to find that special someone who you connect with mentally, spiritually, and physically, no matter what ethnic background they come from. However, I also see truth in what Dr. Johnson says. How can you create a Black family if both parents are not Black? Simple, you can’t. Dr. Johnson was not saying anything was wrong with inter-racial couples and families, he was just stating the increased trend of Black men marrying non-Black women is detrimental to the preservation and strengthening of the Black family unit as a whole.

Other ethnic groups marry within their ethnic group all the time without receiving backlash. As for me, I am Black. My mom is Black. My dad is Black. My sister is Black. My aunties, uncles, and cousins are Black. In the words of James Brown, I’m Black and I’m Proud! I have dreams of marrying a nice chocolate Black man and having Black children who we will teach to love the skin they’re in because unfortunately there will be times society will make our future children feel like being Black is a bad thing, when in actuality being Black is truly nothing to be ashamed of. I do not think loving who I am and wanting to marry someone who has similar cultural roots should be viewed as a problem, but I digress.

My main issue with Dr. Johnson is not what he says, but how he says it. Many times I do not like the extremist delivery Dr. Johnson chooses to take in his speeches and videos. Also, when called out for inconsistencies (i.e. lack of financial transparency for the school he’s trying to build), Dr. Johnson tends to become rude and dismissive, which rubs me the wrong way. However, I do believe every movement needs an extremist or someone to be labeled as radical who viciously shakes you out of your comfort zone. Dr. Umar Johnson takes on that role for Pan-Afrikanism. Now as much I am not the biggest fan of Dr. Umar Johnson’s message delivery, I must say I always learn at least one thing from him whenever he speaks. During his interview, Dr. Johnson clarified that Mandarin is taught as a secondary language in the South African School Systems. Knowing that China has one of the fastest growing economies in the world, and also has one of the world’s largest military, I thought South Africa is on to something. South Africa is being forward thinking and preparing their students, who will be their future leaders, to conduct business with the Chinese. We in America love to excessively dwell in our greatness as “leaders of the free world.” We expect others to adapt and accommodate us when we work and travel overseas, and not put in the effort to figure out the country’s proper customaries and language. For example, how many times have you been on vacation abroad and witnessed arrogance mixed with frustration of fellow Americans who are mad no one around speaks English or does things the ‘American way”? I’ll wait…

Overall, everyone is entitled to his or her opinion, even a ‘radial’ thinker like Dr. Johnson. Interviews that are considered good journalism seek to understand the interviewee’s stance rather than attacking and trying to get the interviewee to change their opinion on the subject being discussed. In this regard, Roland Martin and his panelists failed.

Video: Roland Martin Dr. Umar Johnson Interview

Crime Pays

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More than half of Detroit Public Schools have been closed as a result of “low performance.”  Meanwhile, business is booming for MDOC (Michigan Department of Corrections).  Let me explain. School closings lead to overcrowding and unemployment. Overcrowding and unemployment lead to crime and depression. Crime and depression lead to a steady influx of new prisoners for Michigan’s Department of Corrections, which some might argue is the state’s goal.

We must end this school-to-prison pipeline! The powers that be have implemented a strategy that’s proven worthy of mass destruction!

“Prisoners are the new slaves” is a popular phrase echoed throughout Michigan’s prisons. Most inmates are earning a little more than $1 per day, while others may earn a few dimes more. This is practically free labor for the state’s facilities, maintenance, and other operations. (Prisoners are paid monthly). Inmates are compelled to work while incarcerated or otherwise face sanctions. These consequences are referred to as a loss of privileges, top-lock, or lock-down, which is commonly known as the hole.

Loss of privileges – allows the prisoner(s) to stay in general population (within the prison) without the privileges of possessing electronics, purchasing food products from the commissary, or participating in any recreational activities.

Top-lock – restricts prisoner(s) from circulating with the general population (confined to their individual cell), no phone calls, and limited commissary (commissary restrictions are the same as “Loss of privileges”).

Lock-down – prisoners are stripped of all their properties and transported to stricter confinement, also known as the hole.  All visits are non-contact and held in an isolated section of the facility.

These penalties range from minor to major offenses. Punishments can be enforced from a couple days to indefinitely. Conveniently, Michigan’s Department of Corrections is basically securing their savings account via the school-to-prison pipeline. To make things worse, they primarily receive taxpayer dollars and other funding to house their prisoners. In fact, it costs more than 30k annually per prisoner; yet, the System continues to strive towards future success by fishing for fresh product and making sure the school-to-prison pipeline is running its course.

Abrupt school closings throughout the city of Detroit almost guarantees higher incarceration rates, or at worst maintaining them. Our young people struggle in poor communities with bad schools systems. Resources are limited, and the current System creates obstacles at every turn, which makes it’s nearly impossible for young people to stay out of trouble. Ultimately, our leaders are encouraged to educate and provide for themselves with little concern for the disadvantaged youth that needs their help the most. The System and their leaders prosper while the young people and their communities suffer. Business as usual for Michigan Department of Corrections! 

Similar Read: Dancing with the Devil… a Brooklyn Perspective on Gun Violence

Mainstream Media or “Fake News”?

by with One Comment CultureMediaPolitics

A few weeks ago, Stephen Colbert was up in arms over the President’s dismissal of CBS anchor John Dickerson – whom the President referred to as “Fake News” and then dismissed entirely when Dickerson questioned the president’s source for claims that Obama wiretapped Trump Tower.

To a lot of people on the coasts, this seems laughable and shocking that a president could be so dismissive of mainstream media while making completely unfounded claims of his own.  Nonetheless, it resonates with millions of people throughout most of the Midwest (an area bereft of major broadcast journalists).

Donald Trump definitely has made heavy use of “alternative facts”, but the backlash the mainstream media has used to counter (perhaps in defense of their own credibility) has only served to give weight to his assertions.  A look at the CNN homepage for the past two months yields a full transcript of SNL’s best digs on the White House- despite no affiliation between CNN and SNL parent NBC.  I counted three articles a few weekends ago that discussed anecdotal information that various Republican congressmen didn’t know before sending the partial repeal of Obamacare to the Senate this week, and yet there wasn’t an article outlining the bill’s full content in even terms.  The closest two articles to an overview of the bill on CNN as I wrote this were “Pre Existing Conditions: Pregnancy, Sleep Apnea Could Make You Pay More” and “Here’s a (Partial) List of All the Pre-Existing Conditions the GOP Bill May Not Cover”.  There’s no real up front mention of savings, what’s protected, or that this is a starter version of the bill sent to the Senate.  There isn’t much of an overview at all.  I wonder how any independent person could come to any sort of conclusion at all about the healthcare bill from reading CNN, or even understand fully what it is (rather than a few anecdotal things that it isn’t).

One of the largest reasons the President’s “Fake News” message resonated so well as President Elect was the very surprise that he had won the election at all.  For many in the Midwest, talking to their neighbors and friends, it seemed clear Donald Trump was doing well in their own polls of peers.  Many in the Midwest looked around and could see clearly that he was winning in their district weeks ahead of the election despite poll numbers on major news networks showing different outcomes- particularly in states such as Michigan and Wisconsin.  The fact that the polls misrepresented the actual vote gave many people grounds to distrust many of the major news networks as making any effort to present balanced facts – or even facts at all.

That may well have been bad polling.  In any regard, it’s given the President an opportunity to confuse the American people as to where to look for the truth, and it does appear that many of the networks – perhaps through attacking the President in response to criticism aimed at the networks – have played fully into his hands.  

165 days are over, but there are 1,295 more to go.  The public probably would appreciate journalism that starts with facts and overviews.  When everyone is yelling and pointing fingers, everyone is just noise, and if that’s how the next few years go- it’ll be the media and not the White House who will lose this war of words.

“Patriotism… Who Am I And Where Do I Belong?”

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July 4th is approaching. People are forced to think about the state of this country, its leadership, the relationships it has with other countries and whether or not its accomplishments are actually a reason to celebrate this holiday, which represents independence and freedom.

As I think about all of this red, white and blue, I ask myself, “What am I celebrating?” Is this holiday really about my people and me? Are African Americans truly considered to be a significant part of this country? In spite of all of the contributions we have made to this country, is our citizenship really worth anything?

When I look at communities overridden with poverty, drugs and a lack of fair and equitable education systems, and legal systems set up to fail people as opposed to help them, the black and brown people in these communities are suffering. The great system is set up to benefit others; yet, it plant seeds of inequality, self-hatred and slavery in our communities. People’s lives look more hopeless than hopeful and day-by-day the picture seems bleaker and darker.

I sit from a perspective of “privilege”, some would say. “You don’t experience these things”’ and “You have beaten the odds”. I wish that were absolutely true, I respond. My skin color makes me no less hated, but my drive to exist and succeed in spite of- is what separates me from others. And while the outside looks polished and stable, my inside is crumbling from seeing my people self destruct because they cannot recognize all of the traps that are being set for them through broken educational systems and cultural “norms” such as music and social media. Our children’s minds are being captured, just as our enslaved ancestors’ bodies were. And although we walk around “free” as if we enjoy the same luxury as others… we are not free; thus, where is the patriotism in that?

This country represents ultimate greed. It bullies other countries and takes their resources. Wars are fought over property…not principle.  Even the wealth that is acquired when we are successful isn’t for Black people. We merely exist in a place where we were dumped after we were stolen. And our true culture and heritage is trampled on and made to seem nonexistent more and more everyday. Black children have nothing to identify with culturally, so who are they? And if they don’t know who they are, then where are they going?

Patriotism… who am I and where do I belong? 

“Patriotism, No T-Shirt Needed”

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Since my childhood, I’ve had an unadulterated love and support for all my respective sports teams, all of which hail from the DC area. Sadly, outside presidential inaugurations, there haven’t been any parades going down Pennsylvania Ave in quite some time. Like all fans of a respective team, we’re fans of the team, not every aspect of the team. We question player transactions, hiring of coaches, even supporting changing a certain team’s name. (More about that later on.) In the final analysis, wanting better and questioning the ways and means of your team isn’t the characteristic of a non-fan, it’s the opposite.    

So, what does sports fandom have to do with patriotism? In a sense, if you replaced the word fan with patriot in the aforementioned paragraph, all the elements stay true. By definition, patriotism is the vigorous support for one’s country. By definition, a fan is one who is enthusiastically devoted to something or somebody. In my example I used sports fandom to illustrate how it comes with both criticism of your team as well as support for said team. As a fan, being critical of a team, is something as unifying around a team as cheering for a team (see Randy Quaid as Johnny in “Major League II”).

Being a patriot on the other hand, for some, does not engage in critical discussions about their nation. I’ve noticed post 9/11 the term patriotism used as a shield to fend off the need to address and solve real issues and problems. Typically coming from conservative and republican circles, patriotism is many times used as a political guilt trip. The goal being one should feel ashamed for their reason for it goes against the essence of the nation. If that fails, the “If you don’t like it, you should just leave”, standard becomes the last resort.

Being critical of one’s nation is not a loss of patriotism. This is nonsense. Disagreeing with another person on their views of the nation is not grounds to question their patriotism.  

Much like a fan wants best for their team, a patriot should want what’s best for their nation. What’s best for the nation is a little harder amongst social political topics than sports, for the end game isn’t as clear. Thus why many deflect to terms like “if you don’t like it, you should leave”. To figure out the needs of a nation, it requires real work, research, dialogue, and the inevitable debate.  In sports for example, at the time of this writing my beloved Washington Nationals are having the time of their lives trying to save games. So the solution is the need for a closer. Regarding social political issues, it’s not as cut and dry. Standard national issues like healthcare, the environment, and education are contentious and divisive. What each issue means to all citizens and how in the most sensible and feasible way it comes into fruition requires a process. A baseball save is very much defined, something my Nationals seem to have a hard time with; however, it’s still very much defined.

Convenient Advocacy

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On June 20, 2017, a 17-year old Muslim girl named Nabra Hassanen was beaten to death in Northern Virginia after she left the mosque during the Islamic holy month of Ramadan. She was walking with friends when she got into an argument with a driver, who later beat her to death with a baseball bat and threw her body into a pond. Most news outlets called this “an act of road rage,” not a hate crime, as people had initially speculated. As expected, this became a prominent news story in the Muslim community. Considering a large percentage of my social media contacts are Muslim, I saw this story being shared on Twitter, Facebook, Instagram, and other group chats. Understandably, people were upset that a Muslim teenager was killed in an everyday situation that could’ve easily been them or one of their relatives. Regardless of whether or not this was actually a hate crime, most Muslims were extremely concerned. A fellow Muslim was murdered unjustly, and there was outrage from much of the Muslim community.

Less than 24 hours after Nabra Hassanen was murdered, a pregnant African-American woman named Charleena Lyles was killed in Seattle, Washington by two white police officers. She had called the police because she suspected a burglary. Because Lyles wielded a knife when they arrived, the two officers shot and killed her in front of three of her young children. Lyles had been dealing with mental health issues prior to her murder. As expected, this became a hot topic in the African-American community. This is obviously not the first time an African-American civilian has been killed unjustly by a white law enforcement official, nor will it be the last. The African-American community I am connected with was understandably furious about Lyles’ murder, and many of them were vocal about her murder on social media. A fellow African-American was murdered unjustly, and there was outrage from much of the their community.

The murders of Nabra Hassanen and Charleena Lyles did not occur under the same circumstances, nor are their facts comparable. There are bigger questions to explore regarding both of them (i.e. defining a hate crime, mental health issues, etc.). But I found it extremely notable that the groups of outspoken advocates for Hassanen and Lyles, respectively, did not seem to overlap at all. The Muslims I know were speaking out about Hassanen’s murder, and the African-American people I know were speaking out about Lyles’ murder. It was rare to see a Muslim speaking out about Lyles or an African-American speaking out about Hassanen.

It makes logical sense that minority groups are concerned about issues that directly affect them and their communities. As a Muslim student, hearing about the murder of a Muslim student hits home because I could picture myself as Nabra Hassanen. In the same way, an African-American mother could probably see herself as Charleena Lyles. While the specific details of both murders do not align, there is a common thread: two people of minority groups were killed unjustly by members of a different group. Many people who spoke out on either incident claimed to be standing up for justice, but their advocacy is convenient for them. Convenient advocacy will not be effective when trying to engage in social reform. Dr. Martin Luther King said, “Injustice anywhere is a threat to justice everywhere.” As humans, can we really say we stand up for justice if we are only concerned about injustice in our own communities? 

“Patriotism Is A Dirty Word”

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When I was asked to define my patriotism, I initially laughed. I honestly can’t tell you the reason I laughed other than realizing the word patriotism makes me feel uncomfortable, but I couldn’t really explain why. Then I thought about it, and I remember when I officially broke up with patriotism.

Back in August 2016, NFL Quarterback Colin Kaepernick made headlines for kneeling during the national anthem before a game. Social media was going nuts, and I remember seeing a post on my timeline about Kaepernick being a coward and a disgrace. The post went on to say that Kaepernick’s actions were basically a spit in the face to true patriots like Pat Tillman. To refresh your memory, Pat Tillman was the military vet who turned down an NFL contract to enlist in the military after 9/11.

Please don’t get me wrong. I have so much respect for the women and men of the military. Anyone who is willing to take the chance and sacrifice their life and the life of their family to defend others deserves our utmost respect. They put their own wellbeing in the hands of a government they individually may or may not agree with; yet, they follow orders to protect our lives. That’s amazing.

However, I also think it’s amazing that someone like Colin Kaepernick is willing to put his own well-being on the line for a cause that was sensationalized, and then ignored. The Black Lives Matter movement was like a pawn to the media. They used it for clicks and views and then when the story died down, they moved on to the next. Kaepernick was using his platform to bring awareness in the simplest way and now he’s not only out of a job, but they called him names and belittled his character. All because he didn’t stand for a song that is itself racist! (Reference to Francis Scott Key and the third stanza of the Star-Spangled Banner.)

I don’t think patriotism is an inclusive word. Patriotism in my mind is the nemesis of progress. I recently heard someone call Mitch McConnell a patriot, and that honestly made me laugh out loud. Is this the same Mitch McConnell who was considered an obstructionist during the Obama administration? If you ask me, he should be the face of patriotism.

Now I know why my face twists up when I hear the word patriotism. It’s because the examples I’ve seen of patriotism are always used to belittle someone who’s trying to make progress. It’s kind of like a dirty word. I could also just be one of those millennials. You know… the ones who don’t like to be labeled or put into a box. It’s not that I hate the word; I’m just ambivalent about it. Instead of celebrating the Patriots, I’ll celebrate the humanitarians, the people who put others first. That seems more American to me.  

Similar Read: American Democracy: A Paradox

“A Mother’s Dream For Change: Taking the First Step Into The Unknown”

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My mom hated guests, guests that came with their sons who were looking for a “good” bride to bring home so she could cook, clean, and have dozens of children. My mom could see her entire life flash before her eyes if she was to remain in Kuala Lumpur, Malaysia for much longer. She had shared her concerns with her father, a man who took a practical approach to life and who could clearly see his daughter’s displeasure. Knowing the severe pushback, he was about to receive from my grandmother on the course of action he was going to take, my grandfather bought a one-way ticket for my mom to London and presented it to her early one morning. “Take this and go make something of your life,” My grandfather said. My mother was shocked, she knew how big of a deal this was… for a Sikh man to give his daughter a literal key to be free and to live life on her own terms. “She hugged my grandfather thanking him for this once in a lifetime opportunity, packed her bags and took the first step to creating a life for herself. That first step brought her to London, where she studied nursing and became a LPN (licensed practical nurse).

While exploring the wonders of England my mom met my father who was also working at the same hospital. The both worked overtime and fell in love, got married, to moved to Canada where my sister was born. After 8 years they moved to America, where I was born. This journey around the world made my parents experience a lot of different systems and cultures that were the identity of each respective nation. My mother will never forget the reception she received when she first walked into New York. “It was a dream come true to finally pass the numerous tests and interviews and immigration itself to know that this is where my son will be born. This is where he will grow up and find the path he needs to take to make his own life, on his own terms.” And she never let me forget it, the hardships that she and my father had to go through to get my sister and I here.

Her one piece of great advice for me was that you are born here, but too many of you will still be considered a foreigner. You need to push harder and educate yourself as high as you can to be the best you can be, because no one is ever going to give you anything. Being Indian and following the Sikh faith has taught me that all too well within the last decade. I remember the struggles of my parents and with each day I find new ways to better myself and work with organizations that promote awareness and the importance of the diversity in America. Being part of these organizations gives people like myself the opportunity to show the nation that there is nothing to fear about immigrants. That the land of the free was built on the blood, sweat, and tears of immigrants, and that only together can WE make this nation great again.