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In 2002, some 115 million funds transfers with a total value of $405 trillion were made over Fedwire -- an average of $3.5 million per transaction. About 43 million transfers, worth $240 trillion (about $1 trillion per day), were originated by banks in the Second Federal Reserve District alone, which is served by the New York Fed.
[...]
As a fiscal agent of the United States, the Federal Reserve Banks provide electronic payments services for the Treasury's ACH-based program for direct deposit of federal recurring payments. These payments include Social Security, Veterans Administrations benefits, and federal salary payments.
Automatic Teller Machines: Robots of the Service Sector – Although electronic transfers between banks were commonplace a decade earlier, it wasn't until the 1970s that computer technology allowed bank customers to get enhanced access to their accounts. Automatic teller machines (ATMs) can process a growing number of routine transactions for bank customers: withdrawing or depositing cash, getting balance information, transferring money between accounts, making loan payments, etc. The biggest advantage of ATMs for the consumer is that they are open 24 hours per day, 7 days per week. For banks, ATMs are much cheaper than human tellers for the kind of routine transactions they can perform. In the 1990s, most banks joined ATM networks which made banking even more convenient by allowing consumers to access their accounts from ATMs other than those operated by their own banks.
because they also realized you cannot trust the daffy masses
Originally posted by the_oleneo
You don't really know what the GOP is all about. Supposedly if the Democrats have the controls of the White House, the Congress and almost the Supreme Court, I can guarantee the wealthy and the powerful will have the Democrats in their pockets, implement favorable laws and keep the Republican minority to distract the public with rhetoric talks and partisan infotainment.
Originally posted by AlphaHumana
I understand where you're coming from, but our economic and cultural influence is largely welcomed. I mean, you don't see the military invading foreign lands to push Britney Spears or Coca-Cola on them. Our economic influence, a tad more iffy, but not too bad - we've funded and given enormous aid to destitute lands, and we've never gotten it back *cough* *cough* even the interest on the money given through the Marshall Plan would be nice *cough* *cough*
Originally posted by Gools
So is Bush Caligula or Nero?
Originally posted by the_oleneo
You don't really know what the GOP is all about.
Bush is hostage to religious right, says top Republican
Suzanne Goldenberg in Washington
Thursday March 31, 2005
The Guardian
One of the most respected figures in the Republican political establishment turned on his own party yesterday, accusing the leadership of falling hostage to the religious right.
In an opinion piece in yesterday's New York Times, John Danforth, a former senator and US ambassador to the United Nations, writes: "Republicans have transformed our party into the political arm of conservative Christians."
Mr Danforth's credentials in the party, as a three-term senator from Missouri's heartland and as the minister chosen by Ronald Reagan to officiate at his state funeral in June 2004, are well established.
Will the GOP Need Life Support?
By Glenn Harlan Reynolds
Salon.com
Thursday 31 March 2005
A prominent conservative blogger says Republican leaders have abandoned the traditional principles of small government and federalism -- and warns they may soon come to regret it.
The Terri Schiavo story is a tragedy in the truest sense. It is a case in which there are no happy endings and in which the mighty fall. One thing that has fallen is the notion of the Republican Party as a bastion of federalism and limited government. Some might argue that this notion was already in doubt, in light of the Bush administration's less-than-parsimonious budgeting, but pork is part of politics, and you have to expect a certain amount of give in that department.
Widespread Republican support for legislation taking an individual case away from state judges and placing it in front of the federal judiciary is another thing. The "if it saves just one life, it's worth it" argument has more typically been associated with gun-control activists, and other groups that are generally looked down upon by Republicans, but now many in the GOP seem to have picked it up as a slogan. Indeed, the entire notion of the "rule of law" -- itself once a favored slogan of conservatives -- seems to have fallen into disrepute. Quite a few conservatives are unhappy about that state of affairs, and I wonder if it doesn't presage a realignment within the Republican Party, and the fracturing of some alliances on the right.
www.truthout.org...
Originally posted by EastCoastKid
Your view seems pretty one-sided. I've been in the GOP for almost 20 years and supported it as long as I've been able to think for myself. Today's Republican party in no way reflects what it once stood for. It in no way resembles Reagan's GOP. And yet, they act like Bush is Reagan Jr. It's beyond absurd. Ronnie Reagan Jr. excoriated the administration for glomming onto his father's legacy, calling that preposterous. Reagan would be spinning in his grave if he could see what has gone on and that they have tried to co-opt his legacy. It's shameful. What can we expect, though? These guys have no shame. Reminds me of another political whore who's hallmark is NO SHAME: Bill Clinton.
Originally posted by EastCoastKid
Btw, why don't you tell us all what its about? I can't wait to hear this.
Originally posted by EastCoastKid
As for the Democratic party, if you think I support it, you're crazy. I never have. I am much more willing to support Democrats these days who are willing to speak truth to power. And those are few and far between. A couple who have impressed me lately are Robert Byrd (post-9-11 statements on the floor), Barbara Boxer (vote fraud) and Cynthia McKinney (post-9-11 warrior-ess). Overall, though, the majority of Democrats are just as bought off and controlled as the majority of Republicans. Both parties are corrupt. The Dems are willfully irrelevant. Until this changes, until we are able to elect representatives who refuse to be compromised through their own hedonistic behavior, it will only get worse.
Originally posted by EastCoastKid
"If a Democrat farts in front of the American people, that's okay, the people will forgive him. If a Republican farts, it's an outrage and the people will condemn that Republican."
Originally posted by the_oleneo
Such demands are a clear violation of the state's sovereignty, since every state in the union is a electoral participant in a Presidential election. It's unconstitutional.
Originally posted by Thomas Crowne
I'd again suggest learning how the nation and the country was meant to be; a learning experience that will upset you as you'll find much of it disagreeable with your liberal mentality, but the truth just the same.
Originally posted by EastCoastKid
Originally posted by the_oleneo
Such demands are a clear violation of the state's sovereignty, since every state in the union is a electoral participant in a Presidential election. It's unconstitutional.
Like Bush's attempt to stomp on Florida's sovereign right to judge the matter of Terri Shiavo.
Originally posted by Thomas Crowne
ECK, something to look into, in a loosely related topic, is Peak Oil production.