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Thread: Lincoln passes "fairness ordinance" yesterday

  1. #1

    Lincoln passes "fairness ordinance" yesterday

    Passed by a 5-0 margin, with two members abstaining due to "conflict of interest." Sounds like there's a petition effort underway to put it to a public vote.

    Here's the Journal Star article on it. Thoughts?

    http://journalstar.com/news/local/go...e36d44ce4.html

    "Always be ready to make your defense to anyone who demands from you an accounting for the hope that is in you; yet do it with gentleness and reverence." 1 Peter 3:15-16 (NRSV)

  2. #2
    Heisman

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    good vote but the right is gonna take it to a city wide election anyways...

    don't like a decision, appeal, don't like a consensus, shout for re vote, it never ends. just accept it for what it is. Brown is not pleased.

  3. #3
    Lincoln's amendment says that decisions about whether you can be hired or not hired, fired or not fired, or denied housing cannot be based on who you live with or who you have a relationship with.
    So unreasonable.

    I sure wish the right wingers would want to regulate JP Morgan a lot more closely than they want to regulate what goes on in consenting adults bedrooms.

  4. #4
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    Quote Originally Posted by Huskers57 View Post
    good vote but the right is gonna take it to a city wide election anyways...

    don't like a decision, appeal, don't like a consensus, shout for re vote, it never ends. just accept it for what it is. Brown is not pleased.
    You mean like they're doing in Wisconsin, right?
    Quote Originally Posted by Warhorse View Post
    Thank God for Obama saving and transforming our economy albeit slower than any (including him) would like.

  5. #5
    Heisman

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    Quote Originally Posted by HuZkurZ View Post
    You mean like they're doing in Wisconsin, right?
    no.

  6. #6
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    Quote Originally Posted by Huskers57 View Post
    no.
    Exactly.
    Quote Originally Posted by Warhorse View Post
    Thank God for Obama saving and transforming our economy albeit slower than any (including him) would like.

  7. #7
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    It's good. People shouldn't be denied employment or terminated for being gay.

    I don't understand why people are so wound up that JP Morgan made a bad trade. The Feds have done the right think by forcing big banks to increase capital reserves. So, JPM was more than able to absorb the trading loss... That's capitalism at work with an overlay of regulation to protect our economy. No more regulation is needed.

  8. #8
    Heisman

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    Quote Originally Posted by HuZkurZ View Post
    Exactly.
    so why are you advocating discrimination?

  9. #9
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    Quote Originally Posted by Huskers57 View Post
    so why are you advocating discrimination?
    I don't need an ordinance to tell me that it's right to treat people equally. To my point.....you believe the vote was 5-0 and that should be that, I believe you said

    just accept it for what it is
    Is that the way you feel about the recall of Walker in Wisconsin? You clearly made this sound like a right vs left issue.

    good vote but the right is gonna take it to a city wide election anyways...
    Quote Originally Posted by Warhorse View Post
    Thank God for Obama saving and transforming our economy albeit slower than any (including him) would like.

  10. #10
    Heisman

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    Quote Originally Posted by HuZkurZ View Post
    I don't need an ordinance to tell me that it's right to treat people equally. To my point.....you believe the vote was 5-0 and that should be that, I believe you said "just accept it for what it is". Is that the way you feel about the recall of Walker in Wisconsin? You clearly made this sound like a right vs left issue.
    i don't even care about what's going on in Whisky.

  11. #11
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    Quote Originally Posted by Huskers57 View Post
    i don't even care about what's going on in Whisky.
    What's wrong with the community of Lincoln deciding what's best for Lincoln?
    Quote Originally Posted by Warhorse View Post
    Thank God for Obama saving and transforming our economy albeit slower than any (including him) would like.

  12. #12
    Quote Originally Posted by Weinosker View Post
    I don't understand why people are so wound up that JP Morgan made a bad trade. The Feds have done the right think by forcing big banks to increase capital reserves. So, JPM was more than able to absorb the trading loss... That's capitalism at work with an overlay of regulation to protect our economy. No more regulation is needed.
    Isn't the concern that the bankers themselves didn't really know what their position was, and neither did the regulators? If that's true you worry that a bank might be able to take positions leading to a $200 billion loss. Sure, they might break regulations in the process and we'd be able to put them in jail after the fact. But that's little consolation if the taxpayer foots the bill. So the question is, could other regulations prevent banks from being capable of taking these kinds of positions in the first place?

  13. #13
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    Quote Originally Posted by HuZkurZ View Post
    What's wrong with the community of Lincoln deciding what's best for Lincoln?
    Because then my community could run me out of town for not being one of them

  14. #14
    Quote Originally Posted by utsker View Post
    Because then my community could run me out of town for not being one of them
    I think it was Marge Simpson who said, "anyone who beats you up for wearing a shirt isn't your friend." Wise words.

  15. #15
    Quote Originally Posted by LutheranHusker View Post
    Passed by a 5-0 margin, with two members abstaining due to "conflict of interest." Sounds like there's a petition effort underway to put it to a public vote.

    Here's the Journal Star article on it. Thoughts?

    http://journalstar.com/news/local/go...e36d44ce4.html
    To be honest, haven't read the ordinance, but due to it's opposition from small business, perhaps it's just lacking some of the common sense details we have discussed in previous threads. Also, sounds like it should be put to a vote, per State law anyway. In the long run, a vote is better as it will be taken as a mandate from the people...and I have no doubt that a fair and common sense amendment will be well received by the voters in Lincoln.

  16. #16
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    Quote Originally Posted by huskerator 5000 View Post
    Isn't the concern that the bankers themselves didn't really know what their position was, and neither did the regulators? If that's true you worry that a bank might be able to take positions leading to a $200 billion loss. Sure, they might break regulations in the process and we'd be able to put them in jail after the fact. But that's little consolation if the taxpayer foots the bill. So the question is, could other regulations prevent banks from being capable of taking these kinds of positions in the first place?
    Here's what you don't want: The losses to become so big that the bank can't absorb them. That doesn't appear to be the case here (thanks to increased capital reserves). In fact, you want banks to think about how to increase yields and returns. This loss has the potential to grow big enough that it may offset the profits from other business units - that's not too bad of a "worst case scenario".

    Also, the right process is playing out - people involved in a bad decision are being held accountable, including the CCO of JPM.

    http://www.npr.org/blogs/thetwo-way/...xecs-to-resign

  17. #17
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    Quote Originally Posted by Weinosker View Post
    It's good. People shouldn't be denied employment or terminated for being gay.

    I don't understand why people are so wound up that JP Morgan made a bad trade. The Feds have done the right think by forcing big banks to increase capital reserves. So, JPM was more than able to absorb the trading loss... That's capitalism at work with an overlay of regulation to protect our economy. No more regulation is needed.
    If JP Morgan was a private investment company, I wouldn't care how much they made or lost. But since they are a bank, with deposits insured by the government and allowed to use the fed to borrow money at 0%, then what they are doing with depositor's money and the fed's money is a big issue. JP Morgan does not believe in a free market capitalist market, their business model is to let the government back stop their losses. If instead of losing $2 billion they had lost $2 trillion, the taxpayers would be bailing them out, again. Plus, we don't even know the value of the CDS's they have sold or purchased.
    "Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we." —Washington, D.C., Aug. 5, 2004

  18. #18
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    I don't understand why newspapers don't link to the actual legal text as a matter of course.

    Good for Lincoln (I assume, since I haven't read the text.)
    "It just shows that we're changing the program," Petteway said. "Coach Miles and the guys we have on our staff and our players, we're changing the culture of Nebraska basketball, and this is just the beginning for us." - HuskerOnline.com 2-16-2014

  19. #19
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    Quote Originally Posted by Inflation View Post
    If JP Morgan was a private investment company, I wouldn't care how much they made or lost. But since they are a bank, with deposits insured by the government and allowed to use the fed to borrow money at 0%, then what they are doing with depositor's money and the fed's money is a big issue. JP Morgan does not believe in a free market capitalist market, their business model is to let the government back stop their losses. If instead of losing $2 billion they had lost $2 trillion, the taxpayers would be bailing them out, again. Plus, we don't even know the value of the CDS's they have sold or purchased.
    Do you think banks should not be allowed to take on risk?

  20. #20
    Quote Originally Posted by huskernut View Post
    I don't understand why newspapers don't link to the actual legal text as a matter of course.

    Good for Lincoln (I assume, since I haven't read the text.)
    It's on the City Council's web page. When I'm back on a regular computer if nobody's done it yet I'll find a link to the ordinance wording.

    "Always be ready to make your defense to anyone who demands from you an accounting for the hope that is in you; yet do it with gentleness and reverence." 1 Peter 3:15-16 (NRSV)




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