April 9, 2015

Bits Bucket for April 9, 2015

Post off-topic ideas, links, and Craigslist finds here.




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175 Comments »

Comment by goon squad
2015-04-09 02:46:30

Rand Paul

Comment by Richard Warm Onger
2015-04-09 06:09:42

Hillary

Comment by goon squad
2015-04-09 06:12:33

When you type “Clinton associates” into a Google search it auto-fills with “Clinton associates who died”

Comment by Dman
2015-04-09 06:33:06

The third link that comes up when you search “Rand Paul Associates” is “Rand Paul’s Troubling Ties to Racists.”

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Comment by goon squad
2015-04-09 06:45:33

Aww, the Race Card™

How cute

 
Comment by Dman
2015-04-09 06:53:59

The “Hillary Clinton had people killed” card - how right wing paranoid.

 
Comment by palmetto
2015-04-09 07:07:39

Sure, just ask Vince Foster.

 
Comment by Cracker Bob
2015-04-09 07:25:32

Let’s do the math:

Clinton’s - 1 Vince Foster

Bush’s - 3,200 killed on 9/11 due to poor homeland security
4,000 killed due to foreign excursions/nation building
100,000 Iraqis killed due to “yellow cake”

Yes, I guess that is a fair comparison

 
Comment by Cracker Bob
2015-04-09 07:46:15

Just wait until the Jebster gets in there and launches a war with Iran. Get ready for a Pan-Middle Eastern Civil War that will completely change the borders of the entire region and last for 100 years.

Then we can carve a new Mt. Rushmore with just the faces of the wonderful Bush Royal Family.

 
Comment by MightyMike
2015-04-09 07:46:59

To be thorough you need to remember that Clinton bombed Iraq a few times. In fact, I saw something this morning about Tom Cotton praising Clinton’s bombing of Iraq in 1998, wishing that Obama would have the cojones to do the same to Iran.

http://www.npr.org/blogs/itsallpolitics/2015/04/08/398345234/tom-cotton-military-action-against-iran-would-only-take-several-days

Then, to be completely thorough, we should also track what our various friends around the world do with the weapons that we provide. For example, there was a period in 1997 when the Turkish army was engaged in brutal suppression of its Kurdish Army. The US government actually increased its military aid to Turkey around that time.

 
Comment by butters
2015-04-09 13:11:55

Clinton’s - 1 Vince Foster

You are not that stupid, are you?

Continuous Iraq bombing
Chinese Embassy in Belgrade
Pharma factory in Sudan
….

 
Comment by Neuromance
2015-04-09 15:41:08

The parties’ economic and foreign policy positions are quite similar, historically. Where they differ is on social positions.

And even there, the results tend to be mildly different.

 
 
 
 
 
Comment by 2banana
2015-04-09 06:18:30

GO RAND GO

At Republican who is not afraid of the left wing press. And tells it like it is.

Also, the Republicans have a pretty deep bench and A1A stars.

The democrats have - Hillary!

————–

Rand Paul Exposes Democrat Anti-Woman, Anti-Choice Death Culture
Charting Course | 4/9/15 | Steve Berman

Thank you, Rand Paul, for sticking it to The Woman. The AP threw him “the question” on abortion Wednesday during his NH campaign swing, and Rand threw it right back.

Later in the day, when asked after a campaign stop in Milford about the interview, which the Democratic National Committee had sent reporters, Paul said, “Why don’t we ask the DNC: Is it OK to kill a 7-pound baby in the uterus?”

“You go back and go ask (DNC head) Debbie Wasserman Schultz if she’s OK with killing a 7-pound baby that’s just not born yet,” Paul said. “Ask her when life begins, and ask Debbie when she’s willing to protect life. When you get an answer from Debbie, come back to me.”

Then Wasserman Schultz answered.

“Here’s an answer,” she said in an emailed statement. “I support letting women and their doctors make this decision without government getting involved. Period. End of story. Now your turn, Rand Paul.”

Later, on CNN, Wolf Blitzer threw it back at Paul again.

But Paul wasn’t fazed — or impressed — by Wasserman Schultz’s answer. In an interview with CNN’s Wolf Blitzer, the senator said it seemed to him like she wasn’t opposed to late-term abortions.

“Sounds like her answer is yes, that she’s okay with killing a seven-pound baby,” he said.

There’s a couple of points here. First, kudos to Rand Paul, who has learned to turn the tables on loaded questions, like Scott Walker did with Obama’s faith. It’s good to see the media step and fetch to defend the indefensible. It defangs them when GOP candidates make otherwise reasonable answers.

Comment by goon squad
2015-04-09 06:40:18

I don’t just talk about Rand Paul

I donated money to Rand Paul yesterday

Comment by rms
2015-04-09 07:18:47

Rand Paul visited the Western Wall in 2013, so he’s POTUS qualified.

http://www.businessinsider.com/rand-paul-israel-western-wall-photos-2013-1

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Comment by goon squad
2015-04-09 07:58:18

I could support Rand Paul solely based on who hates him: neocon Republicans and liberal media

 
Comment by MightyMike
2015-04-09 10:23:05

That’s an odd way of thinking. using that logic you’d have to support Charles Manson if he chose to run for president.

 
Comment by Rental Watch
2015-04-09 14:49:02

Let’s say it a different way.

I support Rand Paul because of WHY neocon Republicans and the liberal media hate him.

1. He wants less military intervention;
2. He wants smaller government.

 
Comment by MightyMike
2015-04-09 15:38:28

I don’t think that you could easily find evidence that the “liberal media” hates him and hates him because he wants smaller government. His remarks about abortion imply that he wants bigger government.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 19:32:42

Well, Rand isn’t Ron, now is he?

 
 
 
Comment by MightyMike
2015-04-09 07:17:59

Sounds like her answer is yes, that she’s okay with killing a seven-pound baby

No, it sounds like she doesn’t consider a fetus to be a baby.

Comment by Richard Warm Onger
2015-04-09 07:47:37

Same difference.

Fetus: An unborn offspring, from the embryo stage (the end of the eighth week after conception, when the major structures have formed) until birth.

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Comment by rms
2015-04-09 08:00:19

Fetus: Too young to vote.

 
Comment by Cracker Bob
2015-04-09 08:57:32

Yes, I agree, Men should control the reproductive processes of all women.

Especially old whiteys like me.

 
Comment by MightyMike
2015-04-09 10:21:09

I don’t think that most Americans consider an eight week old fetus to be a baby.

 
Comment by rms
2015-04-09 13:31:47

“Especially old whiteys like me.”

Anthony Quinn?

 
Comment by Blue Skye
2015-04-09 17:53:34

“I don’t think that most Americans consider an eight week old fetus to be a baby.”

Don’t you mean “human” or “alien” or “parasite”? Fetus and baby are stages, not the nature.

 
Comment by MightyMike
2015-04-09 18:08:13

I’m not sure what you mean by human, alien, etc. Fetus and baby are stages. That’s right. But they’re separate stages. Thus a fetus is not a baby.

 
 
 
Comment by Cracker Bob
2015-04-09 07:28:34

“Left-wing Press”

You mean like Fox, Wall Street Journal, Limbaugh, The Blaze, every radio talk-show host…

It is so unfair!

Comment by Cracker Bob
2015-04-09 07:29:51

And the oft quoted Washington Times, Breitbart, Nexsmax….

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Comment by Cracker Bob
2015-04-09 07:32:24

And The National Review, The Drudge Report….

 
 
 
 
Comment by MightyMike
2015-04-09 07:19:18

good one from The Onion:

Ron Paul Withholding Presidential Endorsement Until True Libertarian Candidate Enters Race

LOUISVILLE, KY—Saying the current field lacks a contender who truly represents his principles, former congressman Ron Paul told reporters Tuesday that he would hold off on endorsing any presidential candidate until a true libertarian entered the race. “Unfortunately, right now there’s no one who entirely reflects my belief in the smallest government humanly possible,” said Paul, adding that it might be better to wait until the field of GOP contenders solidified rather than throw his support behind someone who doesn’t quite share his strict non-interventionist viewpoint or his desires to repeal federal drug laws and completely abolish the Federal Reserve. “My supporters are counting on me to back someone who’s going to stand up for the libertarian way full-time, and I just don’t see anyone who really deserves the Ron Paul seal of approval.” Paul went on to say that while he had been unsuccessful in three previous bids for president, he may not be able to sit this election out either.

http://www.theonion.com/articles/ron-paul-withholding-presidential-endorsement-unti,38392/

Comment by Rental Watch
2015-04-09 14:50:55

Should Rand name Ron as his running mate?

Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 19:36:18

Ron could be the official White House dad.

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Comment by azdude
2015-04-09 05:27:21

is the FED going to leave seniors pennyless when the market crashes?

Comment by 2banana
2015-04-09 05:56:44

After being forced into risky investments chasing yields after obama’s ZIRP policies?

Yes.

Comment by azdude
2015-04-09 06:13:42

exactly Good way to get peoples money.

 
Comment by Dman
2015-04-09 06:34:31

Obama’s ZIRP policies? Do you even know what the Fed is?

Comment by 2banana
2015-04-09 06:53:13

You mean the FED where Obama has appointed the ENTIRE board and chairperson?

Yes.

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Comment by azdude
2015-04-09 07:53:41

over at cnbc they have an article about everyday about investors looking to the FED for guidance on what will happen next. Its about a circus at this point.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 19:37:56

The Fed where the President always appoints the chair. Every President. That Fed.

 
 
Comment by In Colorado
2015-04-09 08:08:25

Obama’s ZIRP policies? Do you even know what the Fed is?

I’d say that ZIRP is the policy of the global banking cartel, AKA “The Davos Crowd”

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Comment by butters
2015-04-09 15:29:12

Puhleeeze….the fed and the feds, they are same.

Smoke and mirror & distinction without difference.

 
 
 
 
 
Comment by 2banana
2015-04-09 05:31:04

Now remember - there are no differences in the parties…

—————–

Scott Walker Stands Up for American Workers Against Illegal Immigrants on ‘Hannity’
Big Government | April 9, 2015 | Matthew Boyle

“If the United States was being attacked in one of our water ports on the East or West Coast,we’d be sending in our military forces, and yet we’re facing some of the same challenges with international criminal organizations,the cartels that are trafficking not only drugs but weapons and humans and we need to step up and be aggressive,” he explained. “That means securing the border with infrastructure, with technology,with personnel and the federal government’s got to lead the way. We can’t expect the border states to do this alone. The federal government needs to step up and act.”

The most impressive part of Walker’s answer came at the end,where he didn’t just leave the issue at border security—he said that’s just step one,but after that’s completed there needs to an immigration policy that serves the national interest and protects American workers from cheap foreign labor that forces like the Chamber of Commerce,major labor unions,and other elitists are pushing for

—and specifically noted that wages of “American workers” must be protected.

Comment by goon squad
2015-04-09 05:41:20

Why don’t you just skip the middleman and just write a check to Sheldon Adelson?

 
Comment by Oddfellow
2015-04-09 05:59:28

“protects American workers from cheap foreign labor that forces like the Chamber of Commerce,major labor unions,and other elitists are pushing for”

If the Chamber of Commerce comes out in opposition to Scot Walker, then maybe we can believe this. But if they still support him, then we’ll know it’s chump food for the masses.

Comment by MightyMike
2015-04-09 15:48:59

Labor unions are elitists. War is peace. Freedom is slavery. Ignorance is strength.

 
 
Comment by 2banana
2015-04-09 06:08:33

No differences.

The 13th Amendment abolished slavery…94% Republican support…23% Democrat support.

The 14th Amendment gave citizenship to freed slaves…94% Republican support…0% Democrat support.

The 15th Amendment gave the right to vote to all citizens…100% Republican suppport…0% Democrat support.

The ACA (Obamacare)…0% Republican support…86% Democrat support.

Comment by Cracker Bob
2015-04-09 09:18:11

Sounds like somebody here never studied the War of Northern Aggression. Here’s what happened:

The Yankees (all republicans) came South to try to force the poor Southern dirt farmers to stay in the union (i.e. the republicans were pro-union). The valiant rebels (all democrats) believed in a “days work for a days pay” and taught their black apprentices (or squires) this philosophy. That and important job skills.

The republicans (I mean Yankees) then rolled across the Mason-Dixon Line and into the free (and beautiful) South with their big factory weapons and big government ideals. The republicans burned down all of the family farms (sometimes erroneously referred to as plantations) and then sacked the cities and towns. The noble Southern dirt farmers were forced to capitulate and in the 1980’s became republicans.

That is what happened. I hope you understand it now.

Comment by Cracker Bob
2015-04-09 09:31:32

This short documentary might help:

http://www.youtube.com/watch?v=iMZfCar-Ks8

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Comment by Richard Warm Onger
2015-04-09 06:17:23

Wait, so after all the grousing on here by liberals pretending to be moderates and people whining they are all the same a candidate speaks out on an issue in a way that appears to mirror the interests of much or most of the American people and not the Chamber of Commerce and all it gets is knee jerk razz berries ?

Well, there it is.

 
Comment by Dman
2015-04-09 06:39:10

Another crappy link to some conservative cheerleading site. Was this one paid for by the Koch Brothers? Scott Walker will drop whatever he’s doing to take a call from them.

Comment by 2banana
2015-04-09 06:55:41

Are the quotes true or not?

When you can’t argue the facts - attack and discredit the messenger.

Comment by Oddfellow
2015-04-09 07:43:09

“Are the quotes true or not?”

That is the question that won’t be answered until after the election. Pre-election promises are the easy part. We’ve been misled before.

Besides, if he was serious, he’d push the much easier and cheaper employer verification route, not the super-expensive, probably un-doable, ‘border fence’.

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Comment by Richard Warm Onger
2015-04-09 07:49:31

If the pre-election promises are so easy then why isn’t everyone making this one? I guess they are all not McSame.

 
Comment by Dman
2015-04-09 08:32:25

Exactly. Make it a felony to hire an illegal, and illegals will stop coming. Scott Walker doesn’t care about stopping illegals - he just wants to get the base riled up. And the base falls for it every time.

 
Comment by In Colorado
2015-04-09 08:44:48

If the pre-election promises are so easy then why isn’t everyone making this one? I guess they are all not McSame.

Everyone needs their “gimmick”

 
 
 
Comment by phony scandals
2015-04-09 07:10:20

“Another crappy link to some conservative cheerleading site. Was this one paid for by the Koch Brothers?”

Audio link of Dman giving an inspiring speech to his base.

http://www.youtube.com/watch?v=ss2hULhXf04 - 268k -

 
 
Comment by MightyMike
2015-04-09 07:21:55

“That means securing the border with infrastructure, with technology,with personnel and the federal government’s got to lead the way. We can’t expect the border states to do this alone. The federal government needs to step up and act.”

Did he mention anything about going after businesses that hire illegal immigrants?

Comment by Oddfellow
2015-04-09 07:49:18

+1

I’d prefer not to have a prison wall from sea to shining sea.

Comment by In Colorado
2015-04-09 08:12:27

I’d prefer not to have a prison wall from sea to shining sea.

+1. People forget that wall can also be used to keep citizens from leaving the country, especially if their passports have been revoked.

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Comment by Prime_Is_Contained
2015-04-09 08:51:55

I’d prefer not to have a prison wall from sea to shining sea.

Why not? It would be cheaper…

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Comment by Oddfellow
2015-04-09 09:17:20

Cheaper than a moon base, maybe.

 
 
 
Comment by 2banana
2015-04-09 07:51:25

Yes he did.

But there are no differences in parties.

Comment by Oddfellow
2015-04-09 10:05:32

What’s the quote?

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Comment by goon squad
2015-04-09 05:39:31

No “small government” happening here:

http://mobile.wnd.com/2015/04/michele-bachmann-iran-nuke-deal-heralds-wwiii

No “lower taxes” happening here:

http://mobile.wnd.com/2015/04/scott-walker-slams-back-at-obama

American taxpayers and voters, you are being played for suckers and fools

Comment by Mr. Banker
2015-04-09 05:48:55

“American taxpayers and voters, you are being played for suckers and fools.”

You for got to preface this statement with the term “Breaking News”, such as:

Breaking News: American taxpayers and voters, you are being played for suckers and fools.

Comment by goon squad
2015-04-09 05:54:18

Don’t worry Mr. Banker, you’ll get yours too, but only after William Kristol gets paid first

 
 
Comment by goon squad
2015-04-09 05:52:30

Moonie rag the Washington Times chimes in:

http://www.washingtontimes.com/news/2015/apr/9/scott-walker-iranians-not-coming-table-out-good-na

Scott Walker is gonna shrink government by turning the University of Wisconsin into a bottom tier community college, but he has no problem borrowing money from communist China to launch another trillion dollar war

F*ing neocon hypocrites (BTW my smartphone browser now auto-fills the word hypocrites after I type neocon)

Comment by Richard Warm Onger
2015-04-09 06:21:53

Is today anti Scott Walker day? So far at least 3 posts against him. Do you post from some kind of email blast list?

Comment by goon squad
2015-04-09 06:43:30

We will talk about Tom Cotton next

And if you or your children need a ride to the airport to go join Tom Cotton’s Iran Liberation Brigade, I’ll be happy to come pick you up, just say when and where

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Comment by Dman
2015-04-09 06:50:55

Scott Walker, Ted Cruz, Marco Rubio, Paul Rand - It’s like they’re all robots made in the same factory in China, programmed to say the code words they hear on Fox News.

Comment by 2banana
2015-04-09 06:59:05

Well - you have Hillary!

Dream ticket:

Cruz, Paul and Walker as a president, VP and secretary of state.

What a step in the right direction.

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Comment by Cracker Bob
2015-04-09 07:37:40

I would rather vote for Paul Walker.

 
Comment by In Colorado
2015-04-09 08:46:14

I would rather vote for Paul Walker.

I would rather vote for Johnny Walker.

 
Comment by Cracker Bob
2015-04-09 09:19:18

+1

 
Comment by Professor Bear
2015-04-09 09:32:36

Here comes the Retardican propaganda barrage. And the election is more than ayear away.

 
 
Comment by goon squad
2015-04-09 07:07:02

Rand does not have the money and he won’t get the votes, but he has (for now) a microphone and a national audience

And he is the only one who has a microphone and a national audience that is calling for an end to NSA spying on American citizens

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Comment by palmetto
2015-04-09 07:18:51

So, how long do you figure he has to live?

See the documentary “JFK: A President Betrayed”. The military-industrial complex is insane, and wants war, war, war. Nuclear war, even.

 
Comment by 2banana
2015-04-09 07:53:34

You do realize that little “Do No Evil” Google has a bigger market cap than the top 10 defense contractors COMBINED?

 
Comment by In Colorado
2015-04-09 08:16:43

The military-industrial complex is insane, and wants war, war, war. Nuclear war, even.

When I lived outside of the US, I encountered a great deal of belief that the US would not hesitate to use nukes if it could get away with it, and most were glad that the Soviets were keeping the USA in check.

Most Mexicans had a VERY FAVORABLE view of Fidel and Cuba.

 
Comment by 2banana
2015-04-09 09:15:10

Most Mexicans had a VERY FAVORABLE view of Fidel and Cuba.

Except Mexicans will not emigrant there (legally or illegally).

They all come north to the land of racism, sexism and the white privilege.

Kinda ironic - isn’t it?

You would think Cuba’s free to the people healthcare system would pull them in by the thousands…

 
Comment by In Colorado
2015-04-09 10:17:01

You would think Cuba’s free to the people healthcare system would pull them in by the thousands…

Never confuse politics with economics. They come here only for the money. But they still hate the USA.

They love Cuba, not because they’d want to live there, but because Cuba has stood defiantly against the USA for decades, a thorn in America’s side. And the rest of the world pretty much feels the same way, which is why almost no one has honored our Cuban embargo, which is an international joke.

What many Americans don’t understand is that Guantanamo base is not only seen as an affront in Cuba, but in all of Latin America, where it is perceived as a symbol of American bullying and Imperialism.

How would you feel if the Russians had a base on American soil that was unwelcome and there was nothing we could do to kick them out?

They hate us, but not for our “freedoms”

 
 
 
 
 
Comment by azdude
2015-04-09 05:46:21

how can an investor have any confidence in a rigged market?

Comment by Mr. Banker
2015-04-09 05:59:59

“how can an investor have any confidence in a rigged market?”

He can’t. That’s why he needs to turn over all of his money to an Investment Pro for proper handling.

Awaken the mogul the lies dormant within you! Visit your local banker today and ask him for The Dotted Line Special, either the one that contains the David Lereah Equity Cash Out Plan or the one that unleashes your full potential, the one known officially as the Janis Joplin Freedom Plan.

Do it today and MAKE IT HAPPEN!

 
Comment by Professor Bear
2015-04-09 09:58:39

BTW in Az about to park at the Grand Canyon visitors center lot…

Comment by azdude
2015-04-09 15:27:44

dont fall over any cliffs. I was up there awhile back. pretty cool place. There is a fire lookout called black butte lookout. some of the best views of az I have ever seen.

 
 
 
Comment by goon squad
2015-04-09 06:10:27

Warmist Warming Thursday

http://www.breitbart.com/london/2015/04/08/punish-climate-change-liars-rants-gawker-writer-as-global-temperature-remains-steady

And now back to your regularly scheduled Drudge Report links

 
Comment by 2banana
2015-04-09 06:12:49

Get that $500,000 starter house now!

—————–

Strapped Americans Headed for “Civil Unrest and Riots,” With Poor Spending 60% on Bare Essentials
SHTF | 4/8/2015 | Marc Slavo

Even with substantial government subsidies, the bottom 10% of Americans are beyond struggling, spending more than 60% of their meager incomes on the bare essentials. According to the latest official numbers, the poorest in the United States are spending 42% of their income on housing and another 17% on food, statistics that are unsustainable for individuals and families.

The Wall Street Journal reported:

For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing.

New data from the Labor Department show the extent of the discrepancy. The bottom 10% of Americans, by income, devote 42% of their spending to housing and an additional 17% to food–nearly 60% of their total spending, according to the Consumer Expenditures Survey. By contrast, the wealthiest 10% of Americans dedicate only 31% of their spending to housing and 11% to food–closer to 40% of total spending.

“Contrary to perception, not all food and housing is covered by the welfare state, with many lower class Americans paying out all their wages just to get by with the basics – leaving scant to nothing for everything else.

Take a look at this chart based on Labor Dept. statistics:

The richest spend less, proportionally, on food and housing, as do the upper half of Americans, who average less than a third of income on homes and only about 11-13% on food.

By contrast, the world’s poorest billions, who often live on less than a dollar a day, typically spend 50% of their money alone on food for sustenance, putting prosperity even beneath the dream level.

Comment by goon squad
Comment by Richard Warm Onger
2015-04-09 07:51:58

Where are they going to go? Down to the Apple Store to get the latest iPhone then over to the Taco Bell drive thru?

Comment by MightyMike
2015-04-09 10:32:05

More importantly, where reason is there to think that “Civil Unrest and Riots” are coming soon? And why would people read and write this stuff? I wonder if they find life in America to be boring?

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Comment by In Colorado
2015-04-09 08:43:03

I thought we were going to meekly surrender our guns to DHS.

 
 
Comment by Cracker Bob
2015-04-09 10:09:24

Remember, when it states “The Wall Street Journal reported” what it really means is “Fox News reported”.

Am I the only one who knows Fox owns the WSJ? Are there any cynics left here?

 
Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 19:44:58

I just want a cheap house. Is that so much to ask?

 
 
Comment by Professor Bear
2015-04-09 06:36:24

Are there ever any market conditions where stocks are riskier than cash?

Comment by azdude
2015-04-09 06:42:16

yes when markets are rigged by central planning.

 
Comment by Professor Bear
Comment by azdude
2015-04-09 08:09:46

“In short, there has been a whole lot of financial asset inflation going on. Owing to deep and sustained financial repression, cap rates have been driven toward the zero bound, meaning that asset values and PE ratios have been inflated by equal proportion.”

“In this case, the false signals end up in the C-suites where top executives have gorged on speculative winnings from stock options by plowing all of their cash flow, and massive borrowings to boot, into share repurchases, generous regular dividends and endless spasms of pointless M&A transactions that sooner or later are written off or lost in the fog of restructurings, spin-offs and other re-shuffles of corporate decks.”

“That is, it was working to artificially inflate stock prices and stock option values. But that is really just another indication that the false price signals generated by central bank financial repression are destroying corporate governance and business strategy management, as well. ”

http://davidstockmanscontracorner.com/eating-the-seed-corn-the-feds-horrid-corruption-of-corporate-finance/

 
 
Comment by Dman
2015-04-09 07:00:46

As long as the stock market has nothing to do with the real economy, and everything to do with the Fed funneling money into high risk investments, even a severe recession may not affect the Dow.

Comment by 2banana
2015-04-09 07:13:56

Do you wonder why John Corzine is not in jail?

Comment by azdude
2015-04-09 07:51:36

It seems we have a bifurcated market.

We have friends of the fed who believe that can keep a floor under stock prices.

Then we have all the other folks who think the market is rigged and the minute they put any money to work the market will crash.

When the bankers have the market rigged is it really a market?

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Comment by Professor Bear
2015-04-09 09:41:29

It seems less like a market than a mechanism to transfer wealth from those whose portfolios are concentrated in cash to those who mainly own risky assets.

 
Comment by Professor Bear
2015-04-09 09:46:22

Another way to look at this is that there is a lot of debt that governments need to write down. Why not take care of the problem by writing down the value of cash through inflating then maintaining asset price bubbles? Isn’t that better than explicit inflation or debt default?

 
Comment by Professor Bear
2015-04-09 09:52:23

Yet another way to look at this:

God’s work

 
Comment by Professor Bear
2015-04-09 10:37:24

There’s more: Suppose “the government” (people who work at the Fed, Treasury, whatever) decide that asset prices are “too low.” With a fiat money reserve currency printing press, the government has the ability to serve as buyer of last resort, putting a floor under asset prices to keep them propped up at the right level (according to the government).

 
Comment by Professor Bear
2015-04-09 11:03:25

Yet another angle: Suppose you’re fighting a “War on Terror” across multiple continents that knows no limits of time or geography. Wouldn’t it be nice if you could print all the money needed to fund the unlimited expenses of fighting the unlimited war?

 
Comment by In Colorado
2015-04-09 12:37:12

Keep in mind that, at least in the USA, it’s the Banking Clan (the Federal Reserve) and not the FedGov, that conjures US dollars out of thin air.

 
 
Comment by 2banana
2015-04-09 10:35:19

“Consider ex Democrat Senator, former Democrat governor of New Jersey, major campaign contribution bundler for Barack Obama in 2008, and former CEO of Goldman Sachs Jon Corzine who as CEO of MF Global in 2011 authorized the improper transfer of customer account money to cover speculative derivatives trading by the firm. This action resulted in the loss of $1.6 billion to the shareholders.

It was essentially theft and gross violation of fiduciary duty.

Yet Jon Corzine is a free man not fearing the arm of the law.”

WHY???

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Comment by Professor Bear
2015-04-09 11:06:50

Will Obama pardon Corzine the way he pardons the Thanksgiving turkey each year?

 
 
Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 19:47:38

Because of Obama?

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Comment by Dman
2015-04-09 07:19:38

Oil just keeps getting cheaper and cheaper. At what point will they start giving it away?

Comment by palmetto
2015-04-09 07:27:33

I just saved a bundle on my car insurance! Boo-yah!

 
Comment by 2banana
2015-04-09 07:39:24

The most expensive free gifts you will ever receive - come from government.

See obamacare for just one example

Comment by In Colorado
2015-04-09 08:25:26

Whenever I tell my European colleagues that my employer provided plan costs $18,000 a year I have to break out the smelling salts to revive them (I always make sure someone is behind them to catch them as they faint).

After they regain consciousness the first thing they ask is “Why is it that you Americans don’t have a National Health system?”

Comment by MightyMike
2015-04-09 10:50:28

You could also ask the question why do we have a system of national health insurance that is limited to people over the age of 65.

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Comment by In Colorado
2015-04-09 12:15:22

Insurance yes, but the health system the olds use is the same everyone else uses: the most expensive system in the world.

An Irish colleague told me that the tax to insure his entire family is 3000 euros. When I told him that our mutual employer pays the lion’s share of the $18,000 I mentioned above, he thought I was pulling his leg. He couldn’t believe that it was that expensive.

My UK BIL and I both had a similar procedure done to relieve a trigger finger. It is simple surgery that involves making a tiny incision on the sleeve that surrounds the tendon that drives the sticky finger.

Anywho, when I had it down I was received into an outpatient surgical unit at the local hospital. They gave me antiseptic towels to wipe my whole body down before I put on my hospital gown. I got on the gurney, had an IV stuck in my arm. The anesthesiologist (an MD, not a nurse) came by to explain that I would be give a sedative and a local anesthetic, and he gave it to me. I was then wheeled into the OR, where the procedure was done. I guess I dozed off, as I have no memory of the surgery. I was then wheeled back to my little pre-op room. The doctor came by to check on me and then discharged me.

My BIL in the UK went to the doctor’s office. He didn’t change, there was no IV and no OR. He was taken to an examination room where the doctor prepped his hand, gave him the local, and performed the surgery. He was on his way home within minutes of the procedure being completed. We both had comparable outcomes, but I’ll bet my procedure cost an order of magnitude more than his did. The only difference is that a bunch of people made a lot more money.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 19:59:03

I went to the doctor recently for a refill on a scrip. He had me sign a copy of his new manifesto, which details his bitterness at the increasing costs of medical administration. Apparently, costs are rising faster than rates. He hired a separate company to do his administrating for him, rather than manage his own employees. He is now charging an extra fee for everything. He threatens to quit medicine altogether. I’m sure he’s still making 3-4x my own salary.

Doctors have had it real good for a long time under the long-standing system of mandated employer-paid health insurance that has been the norm in every state where I have lived since I can remember. Obamacare seems to be reallocating some of that money to beurocracy and increasing the number of people who participate, thereby giving doctors more business that pays less.

I see more hands in the pot, both giving and taking. I do not see a whole lot more people getting better care or more affordable care. It does seem like it would be more efficient to just make a public system already and get it over with.

 
 
Comment by mathguy
2015-04-09 12:57:55

Why don’t we have a national car care system. Theoretically tens of thousands are dying in cars each year, and some percentage of that must be from improper maintenance. Why don’t we nationalize car care so that we have healthy cars on the road. It will be cheaper for everyone.

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Comment by rms
2015-04-09 08:05:05

“At what point will they start giving it away?”

Or just leave it in the ground.

Comment by In Colorado
2015-04-09 08:48:34

Drillers gonna drill.

Drill, baby, drill!

 
 
 
Comment by goon squad
2015-04-09 07:19:57

And so another red pill is eaten

http://dailycaller.com/2015/04/08/how-deep-is-this-education-officials-involvement-in-the-rolling-stone-hoax

Remember ladies, The Wall™ takes no prisoners

Enjoy those lonely decades of cats and boxed wine

Comment by goon squad
2015-04-09 07:49:49

Let’s have some tradcon shaming too (you can skip the first seven paragraphs)

http://www.washingtontimes.com/news/2015/apr/8/janice-shaw-crouse-glue-marriage-holds-society-tog

Every day, another young man decides to never get married

Fifty years of Marxist feminism and this is what you get

Comment by In Colorado
2015-04-09 08:20:02

If marriage is the glue that holds society together, then perhaps we should do away with no fault divorce.

Pigs will fly before that’ll ever happen.

 
Comment by Cracker Bob
2015-04-09 08:46:04

Sounds like you are ready for one of those Moonie weddings (since you follow their news-rag). This is where some creepy Korean tells you who you will marry on your wedding day.

Comment by Cracker Bob
2015-04-09 08:47:44

If you go Morman, at least you will get a pretty blonde wife (or two, or three….).

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Comment by rms
2015-04-09 13:41:04

“If you go Morman, at least you will get a pretty blonde wife…”

+1 Some of the prettiest, wholesome ladies I know are Mormon.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 20:03:51

Sorry, my friends, but inbreeding is not uncommon among Morms. That’s why so many of them look the same (blonde, blue, six fingers, not too smart…) I once worked with a Morm who went to prison for “relating” with his daughter. His wife was covering it up, and blamed the girl.

It’s a Morm thing.

 
 
Comment by In Colorado
2015-04-09 08:50:39

Sounds like you are ready for one of those Moonie weddings (since you follow their news-rag). This is where some creepy Korean tells you who you will marry on your wedding day.

Are you kidding? Hell will freeze over before goonie ever ties the knot.

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Comment by goon squad
2015-04-09 09:06:26

Marriage is only for the religious and the olds

This is what the future of relationships looks like:

http://en.wikipedia.org/wiki/Living_apart_together

Don’t be a Beta Bux, save your cash boys!

 
Comment by In Colorado
2015-04-09 10:18:45

Marriage is only for the religious and the olds

And the very rich

 
Comment by In Colorado
2015-04-09 10:27:55

http://en.wikipedia.org/wiki/Living_apart_together

Don’t be a Beta Bux, save your cash boys!

Makes it easier for the ladies to have multiple baby daddies.

 
 
 
 
Comment by rms
2015-04-09 13:37:10

“Enjoy those lonely decades of cats and boxed wine”

Cruel by god, but still LOL!

Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 20:05:35

How can anyone be lonely when they have cats and wine? tsimpossible

 
 
 
Comment by phony scandals
2015-04-09 07:42:47

“The president said he can ‘relate to… the fear a parent has when your four-year-old daughter comes up to you and says, “Daddy, I’m having trouble breathing.”

Well let me put this cigarette out and we will rush you to the hospital and save you from that Climate Change!

Obama says climate change is personal to him because daughter Malia had an asthma attack as a toddler

By Francesca Chambers For Dailymail.com

Published: 08:48 EST, 8 April 2015

President Barack Obama this morning put a human face on the harmful effects climate change can have on public health - his daughter Malia.

While making the case that higher temperatures lead to increases in wildfires, which send allergy-causing particulates into the air that can lead to greater and more serious incidents of asthma, the president recalled his own child’s run-in with the disease as a toddler.

‘Well you know, Malia had asthma when she was four, and because we had good health insurance, we were able to knock it out early,’ the president told ABC News’ chief health correspondent, Dr. Richard Besser, in an interview that aired on Good Morning America.

The president said he can ‘relate to… the fear a parent has when your four-year-old daughter comes up to you and says, “Daddy, I’m having trouble breathing.” ‘

‘The fright you feel is terrible.’

In putting front and center the personal cost of inaction, Obama is attempting to galvanize support for his climate change initiatives.

‘While most Americans see climate change hitting their communities through extreme weather events – from more severe droughts and wildfires to more powerful hurricanes and record heat waves – there are other threats climate change poses to the American people,’ the White House said in a fact sheet outlining the new public health campaign.

Read more: http://www.dailymail.co.uk/news/article-3030431/Obama-says-climate-change-personal-daughter-Malia-asthma-attack-toddler.html#ixzz3Wp5EIbp9
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Comment by goon squad
2015-04-09 07:54:08

The Wolf who cried Warmism

 
 
Comment by 2banana
2015-04-09 07:47:48

Mr. LeBlanc, former house flipper - got burned, got “out” and was debt free.

And now he is getting right back into it.

——————————–

After foreclosures, home buyers are back
As their credit improves, borrowers who defaulted get reprieve

The Wall Street Journal - AnnaMaria Andriotis, Laura Kusisto and Joe Light - April 9th, 2015

Mr. LeBlanc, a 46-year-old residential-construction manager, fell behind on his $1,400 monthly mortgage payments in 2007 after suffering a 20% pay cut. He had tried to sell the property before moving to Florida for a new job. With no takers, he took on renters. But with $225,000 owed on the Highland, Mich., property, he and his wife eventually lost it to foreclosure in 2008.

In the years since, Mr. LeBlanc says he was turned down for car loans and credit cards. His credit ruined, he learned to live without debt and to pay for his family’s expenses with cash.

Then last year, with the foreclosure behind him, he found himself with a near-clean credit slate. The LeBlancs were able to purchase a four-bedroom ranch in St. Augustine Beach, Fla., after borrowing just under $300,000 with a 30-year mortgage carrying a fixed interest rate of about 4.4% from Directors Financial Group, a mortgage lender and broker.

More than five million American families lost their homes to foreclosure between 2007—the year when the crisis kicked up—through the end of last year. Foreclosures and most negative credit events stay on credit reports for up to seven years. For those who lost their homes in the early years of the crisis, credit scores are improving as the black marks drop away, improving their ability to borrow again. This could have widespread implications for the U.S. economy, including a boost in demand for mortgages in the coming years.

Fair Isaac Corp., which developed the widely used FICO credit scores, estimates that there were 910,000 consumers whose credit reports showed they had foreclosure proceedings begin on their homes between October 2007 and October 2008. Of those, some 264,400 had no evidence of the event on their credit reports by last October. That number will rise by up to 645,600 by the end of this year, according to FICO.

“The dark shadow of the foreclosure crisis is finally beginning to fade,” says Mark Zandi, chief economist at Moody’s Analytics, a unit of Moody’s Corp. “That should be a positive for single-family housing and, by extension, for the broader economy.”

And some people with improved credit can still have trouble getting a favorable response from lenders. Gerry Duva, a 61-year-old engineer in Oshkosh, Wis., managed to unload his home, on which he owed more than $180,000, in a 2013 short sale for $105,000. He had lost his job and the bank had already started foreclosure proceedings.

Mr. Duva says that he has tried six lenders, but can’t find one willing to work with him. One lender, he says, canceled his initial appointment after Mr. Duva’s real-estate agent disclosed that he had been through a short sale.

Some analysts are warning that boomerang borrowers could prompt another wave of bad loans down the road because people who have previously gone through a foreclosure are more likely to do so again, says Stu Feldstein, president at SMR Research Corp., a mortgage-research firm in Hackettstown, N.J.

Meanwhile, Fannie Mae and Freddie Mac—which typically guarantee loans that have higher credit quality and lower costs for borrowers than those backed by the FHA—will back loans as little as two years after a short sale under certain circumstances such as job loss.

Mr. LeBlanc, who had been stretched thin while supporting two residences—the home in Michigan and a rental property he moved to in Florida—says that returning to homeownership is different this time.

He says he used to look at his house as an investment that he could buy and flip without having much skin in the game. On the Michigan property, he at one point owed nearly the entire amount that it was worth. This time around, he says he looks at his home as simply that—a place where he can stay for a long time.

 
Comment by azdude
2015-04-09 08:28:56

why do people buy artificially priced assets?

Comment by In Colorado
2015-04-09 08:39:33

Because the hope they will become even more artificially priced?

 
Comment by Neuromance
2015-04-09 15:46:56

It’s the ‘Greater Fool’ theory.

“When acting in accordance with the greater fool theory, an investor buys questionable securities without any regard to their quality, but with the hope of quickly selling them off to another investor (the greater fool), who might also be hoping to flip them quickly.”

http://www.investopedia.com/terms/g/greaterfooltheory.asp

Up, down, the trading infrastructure doesn’t care, as long as you trade. Plus with the computerization of trading, and the blue-whale-sized information gathering maw of Wall Street trading companies, and their millisecond execution times, it won’t be them holding the bag when (if?) the tide turns.

 
 
Comment by Dman
2015-04-09 08:40:45

Natural gas and technology are killing coal. Every new array of solar panels pushes the knife a little deeper.

Comment by Cracker Bob
2015-04-09 08:54:18

But Mitch McConnell blames that on Obama and says he will put a stop to it. No more of those clean American fuels.

Remember the the words of Tommy Lee Jones in Coal Miner’s Daughter:

“It’s coal mine, moonshine or take it on down the line”

 
Comment by Bring Back the WPA
2015-04-09 09:03:17

… and solar is gaining a major foothold in the OPEC Middle East nations, displacing oil-fired power plants. What does that say when a producer doesn’t even want to use his own product?

 
 
Comment by Bring Back the WPA
2015-04-09 08:59:28

It’s a sunny day. More fossil fuel demand destruction… look, even the red states are going solar:

“Gas-Happy Texas Goes Solar”
http://www.scientificamerican.com/article/gas-happy-texas-goes-solar/

“SunEdison continues solar rollout in Utah with 262 MW of projects”
http://www.pv-magazine.com/news/details/beitrag/sunedison-continues-solar-rollout-in-utah-with-262-mw-of-projects_100018985/#ixzz3WpMINXr5

Comment by In Colorado
2015-04-09 10:25:09

Texas is the #1 producer of wind based energy.

 
Comment by In Colorado
2015-04-09 12:20:43

It’s a sunny day. More fossil fuel demand destruction… look, even the red states are going solar

Of you want to go “off the grid”, solar is a popular option. I used to work with a guy who lived out in the boondocks north of Fort Collins. There was no electrical service at his home, and his roof was covered with solar panels, which charged battery banks while he was away at work. Needless to say, his power consumption was very frugal.

Comment by Bring Back the WPA
2015-04-09 14:12:42

It’s interesting that solar is seeing exponential growth this year even though the last piece of the puzzle — inexpensive, high capacity, and compact storage — hasn’t been perfected and marketed yet.

 
 
 
Comment by rj chicago
2015-04-09 09:08:50

Daily news from ILLANNOY - meant to post this a while back -
Right at you for your edification there Puggs…..

Illinois Policy Institute
Gallup: Half of Illinoisans would leave the state if they could 30 Apr 2014 | Michael Lucci
Gallup released a stunning poll that shows 50 percent of Illinoisans want to leave the state, the highest of any
state nationally. This comes a week af ter Illinois’ worst-in-the nation performance in a Gallup poll that showed one in four Illinoisans consider Illinois to be the worst possible place to live.
If Illinois government doesn’t change the way it does things, Illinois needs to brace f or more out-migration.
The Gallup poll asked:
“Regardless of whether you will move, if you had the opportunity, would you like to move to another state, or
would you rather remain in your current state?”
Illinois is the only state in which half the respondents want to leave. Illinois is accompanied in the top 10 with a collection of other high-tax states. Six of the states people most want to leave ranked among the seven worst for the Tax Foundation’s 2014 Tax Freedom Day.

Comment by Dman
2015-04-09 09:17:35

I’m sure the last couple of winters had something to do with that survey too - I don’t think Illinois taxes are too much worse than any other midwestern state that doesn’t want to be another Mississippi. I have a feeling the numbers will be different if they take that survey in May.

Comment by rj chicago
2015-04-09 11:24:14

Wrong….

 
 
Comment by 2banana
2015-04-09 09:18:18

How will they “rip the guts” out of Indiana with half their people gone?

 
Comment by MightyMike
2015-04-09 10:42:59

Did you see this one, RJ?

BREAKING: In Chicago, Reports of Voters Receiving Ballots Already Marked for Emanuel

After a Facebook post suggested voting irregularities blew up, similar reports are emerging.

http://inthesetimes.com/article/17818/stories-circulate-of-voters-receiving-ballots-pre-checked-for-rahm-emanuel

 
Comment by rj chicago
2015-04-09 12:02:57

Linky for tax freedom foundation - what day are you free in your state?

http://taxfoundation.org/article/tax-freedom-day-2015-april-24th

 
 
Comment by Dman
2015-04-09 09:13:31

http://thehill.com/policy/healthcare/236169-gop-budget-blasted-for-keeping-obamacare-savings

Repubs want to take credit for the money saved by Obamacare. Maybe we should call it McConnellcare?

 
Comment by phony scandals
2015-04-09 09:15:45

Nassau and Suffolk counties must have affordable housing.

Report: 39,000 immigrant kids coming to U.S.

“They are coming from similar communities and are headed to similar communities…”

by Victor Manuel Ramos | Newsday | April 9, 2015

About 39,000 immigrant children are expected to enter the country illegally as unaccompanied minors this federal fiscal year, reaching the second-highest level of that migration since 2008, says an analysis issued Wednesday by a research group in Washington, D.C.

The estimate by the Migration Policy Institute, a nonprofit that studies the movement of people across international borders, is based on apprehension figures issued by U.S. Customs and Border Protection for the first five months of the fiscal year that began Oct. 1, 2014, and ends Sept. 30.

Many of the children coming from El Salvador, Honduras and Guatemala likely will be resettled where there are established Central American communities, such as Long Island’s Nassau and Suffolk counties, said Marc Rosenblum, the report’s author.

Comment by palmetto
2015-04-09 12:58:05

Biggest. Human Trafficking Operation. Ever. Got to keep those aging oligarchs and politicians in blood transfusions and organ transplants. And a little nookie on the side.

Who knew DHS was one big pimpdom?

 
 
Comment by rj chicago
2015-04-09 09:16:14

Been meaning to post this for a while as well…. Pulled this after reading Erik Larson’s book “Beasts in the Garden” about the run up to Nazism. And the German’s really thought it could not happen there - and we think this cannot happen here in the good ol’ US of A?

“I walked across the snowy plain of the Tiergarten — a smashed statue here, a newly planted sapling there; the Brandenburger Tor, with its red flag flapping against the blue winter sky; and on the horizon, the great ribs of the gutted railway station, like the skeleton of a whale. In the morning light it was all as raw and frank as the voice of history, which tells you not to fool yourself; this can happen to any city, to anyone, to you.”
Christopher Isherwood
From: Goodbye Berlin, 1939 short novel by Christopher Isherwood set in Weimar Germany

 
Comment by phony scandals
2015-04-09 09:26:49

George Carlin nails it in 1:18

GEORGE CARLIN - Upper Class Pays No Taxes - YouTube
http://www.youtube.com/watch?v=Ko35qhKnRXs - 257k -

 
Comment by inchbyinch
2015-04-09 10:03:30

phony scandals
I’m a huge Carlin fan. I miss him.

I really like John Oliver (HBO) as well. He’s really a bright and interesting guy, who introduces you to great awareness. His segment on Govt Surveillance (NSA), interviewing Edward Snowden in Russia was an eye opener. (youtube)

https://www.youtube.com/watch?v=XEVlyP4_11M

Comment by palmetto
2015-04-09 13:05:29

Carlin is awesome.

Oliver is an elitist turd masquerading as a an everyman. Nasty Piers Morgan type limey. Not even all that funny.

That segment with Snowden actually sucked, IMO. He did it to crush Snowden and make him think that all was for naught. Not a funny segment and the laughs were pretty thin.

Snowden is awesome.

 
 
Comment by goon squad
2015-04-09 10:04:25

The future belongs to Lucky Ducky

http://www.bloomberg.com/news/articles/2015-04-09/retailers-urged-to-ditch-millennials-in-favor-of-older-shoppers

No “pent-up demand” for $500,000 starter homes here

Comment by In Colorado
2015-04-09 10:22:54

That would explain the success of retailers like Kohl’s. You’d never see a hipster, or anyone youngish, in one of their stores.

I think Millenials shop more at places like Goodwill.

Comment by oxide
2015-04-09 17:41:26

It only looks like they’re shopping at Goodwill, but they are actually shopping at cheap China retail like Zara, H&M, Forever 21, or Target. They call it “fast fashion,” like fast food.

JCPenney tried to appeal to juniors and millenials and flopped badly. The irony is that if JC Penney back to slightly cheesy professional mom clothes now — like how boomer secretaries dressed in the early 1980’s — then JCP will still get the business of the older millenials… who are now pushing 35.

 
 
 
Comment by rj chicago
2015-04-09 11:26:56

Mike - No I haven’t and I have been listening to music today instead of news. Thanks and not surprising given the nature of corruption in Chicago.

 
Comment by palmetto
2015-04-09 13:17:09

First time I’ve ever heard of a charge of “offense against a computer system”, LMAO!!!!!!!!!!

http://www.abcactionnews.com/news/region-pasco/deputies-student-illegally-accessed-computers?google_editors_picks=true

Have you offended a computer system lately?

Comment by In Colorado
2015-04-09 14:23:27

Have you offended a computer system lately?

I asked a Linux box if it was running Windows 8.

Comment by "Auntie Fed, why won't you love ME?"
2015-04-09 20:14:39

I offended my own computer by playing a video game on a Unity 4 server with a multi-core processor at home. It flipped me off a bunch of times.

 
 
 
Comment by azdude
2015-04-09 15:54:04

u just have to accept the fact that some people get free money and some people have to work for the people who get the free money.

Comment by butters
2015-04-09 17:13:05

That’s called capitalism. American exceptional-ism.

 
 
Comment by Professor Bear
2015-04-09 22:43:45

How are your emerging markets investments holding up?

Comment by Professor Bear
2015-04-09 22:49:32

ft dot com
US warns on ‘unbalanced’ global economy
Sam Fleming

The US Treasury has stepped up calls for big economies, including the euro area and Japan, to boost demand as it warned the global economy was becoming “increasingly unbalanced”.

In a semi-annual report to Congress, the Treasury urged euro area governments and Tokyo not to rely solely on monetary policy to lift growth, while pressing South Korea to reduce interventions in currency markets and let the won rise.

The Treasury said the US recovery remained “intact” even after soft growth during the first quarter of 2015, while describing overseas developments as “disappointing”.

US multinationals and exporters have in recent months complained about the impact of the higher dollar on overseas sales, as well as soft demand in other important markets. Minutes from the Federal Reserve’s latest policy meeting in March noted that weak activity overseas and the rise in the dollar would “restrain US net exports for some time”.

In its report the US Treasury said some countries were putting too much weight on central bank stimulus to boost their economies, and that they should instead use fiscal stimulus and other reforms to lift their performance.

 
Comment by Professor Bear
2015-04-09 22:55:25

Masthead
ft dot com
Home > World
Stuttering emerging markets add to fears
By James Kynge, Emerging Markets editor

Emerging market economic growth has slipped to its slowest pace since the 2009 slump, new figures suggest, as developing nations struggle with the impact of a stronger US dollar and weaker commodity prices.

The preliminary data, from three research companies that monitor EM growth figures, will deepen concerns for the health of the global economy.

They emerged as Christine Lagarde, managing director of the International Monetary Fund (IMF), said the world should brace itself for low growth twinned with high debt and unemployment unless policy makers took action.

“Today, we must prevent that new mediocre from becoming the ‘new reality’,” said Ms Lagarde. Her warning came against a backdrop of dismal US jobs data last week, persistent deflation in the eurozone and low oil prices.

The decline in commodity and oil prices has hit the export revenues of some key EM countries such as Brazil and Russia, while the strong US dollar has exacerbated outflows of capital from several leading EMs, including China, Thailand, Malaysia and South Korea. Such net capital outflows are expected to increase, according to analysts.

From an emerging market perspective, the current slowdown differs in character from the slump of six years ago during the financial crisis.

“The financial crisis was an external shock that EMs were able to recover from pretty quickly,” said Neil Shearing, chief emerging markets economist at Capital Economics.

“This slowdown is longer in the making, and is driven largely by internal factors,” said Mr Shearing, predicting that the slowing momentum represented a “new normal” likely to persist for a decade or so.

 
 
Comment by phony scandals
2015-04-10 17:26:23

phony scandals

 
Comment by phony scandals
2015-04-11 07:01:06

more phony scandals

 
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