July 20, 2015

Bits Bucket for July 20, 2015

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




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Comment by Albuquerquedan
2015-07-20 02:49:33

Travel day, so the left should be happy. From today’s China Daily:

BEIJING - Chinese shares closed higher on Monday, with the benchmark Shanghai Composite Index up 0.88 percent to close at 3,992.11 points in the day.

The smaller Shenzhen Component Index gained 1.52 percent to close at 13,202.40 points.

The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, rose 2.33 percent to end at 2,848.30 points.

Comment by Combotechie
2015-07-20 05:49:42

“Travel day, so the left should be happy.”

The left is never happy.

Comment by Ben Jones
2015-07-20 06:02:54

‘Wesley Clark, the retired general who almost started World War III with Russia, has a bright idea: why not set up internment camps for “radicalized” Americans in order to stanch the threat of domestic terrorism?’

‘Yes, he actually said this, and, what’s more, MSNBC anchor Thomas Roberts didn’t even raise a well-manicured eyebrow. The interview took place in the context of MSNBC’s reporting on the Chattanooga shooting, and Roberts asked him what could be done to prevent such incidents. Here is Clark’s answer: “We have got to identify the people who are most likely to be radicalized. We’ve got to cut this off at the beginning. There are always a certain number of young people who are alienated. They don’t get a job, they lost a girlfriend, their family doesn’t feel happy here and we can watch the signs of that. And there are members of the community who can reach out to those people and bring them back in and encourage them to look at their blessings here.”

“But I do think on a national policy level we need to look at what self-radicalization means because we are at war with this group of terrorists. They do have an ideology. In World War II if someone supported Nazi Germany at the expense of the United States, we didn’t say that was freedom of speech, we put him in a camp, they were prisoners of war.”

“So, if these people are radicalized and they don’t support the United States and they are disloyal to the United States, as a matter of principle fine. It’s their right and it’s our right and obligation to segregate them from the normal community for the duration of the conflict. And I think we’re going to have to increasingly get tough on this, not only in the United States but our allied nations like Britain, Germany and France are going to have to look at their domestic law procedures.”

‘Gen. Clark isn’t a fascist, or a Fox News fire-breather: he’s a conventional liberal. He was a critic of the Iraq war, a favorite of the Daily Kos/Netroots Nation-types, and he once ran for President.’

‘The award-winning liberal blogger Heather “Digby” Parton is shocked by the General’s remarks: “I’ve always liked Clark,” she writes, scratching her head at how in blazes he could’ve said what he said. And apparently others of that crowd found it hard to believe as well: “People are arguing with me on Twitter that he couldn’t have said this,” Digby writes, “but he did. If you still don’t believe me go watch the tape yourself.”

‘Which just goes to show how clueless today’s liberals are about the authoritarian roots of modern liberalism. They don’t know the slightest thing about the history of the New Deal and the war years: they don’t know that the “left” constituted the core of the War Party of that era, and they would rather not remember that it was Franklin Delano Roosevelt – the chief icon of paleo-liberalism – who set up the first and only internment camps in America into which he herded the entire Japanese-American population.’

‘Of particular interest is Clark’s view of “self-radicalization” as a conceptual crime: “They do have an ideology. In World War II if someone supported Nazi Germany at the expense of the United States, we didn’t say that was freedom of speech, we put him in a camp, they were prisoners of war.”

‘Clark is here mis-stating what the camps were about and who was interned: the Japanese-American population as a whole was deemed a potential fifth column. It wasn’t necessary to express support for the Japanese empire as against the United States: their disloyalty was assumed simply because of their race.’

Comment by Ben Jones
2015-07-20 06:06:42

And be sure to read the details here for what a POS Roosevelt was.

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Comment by Raymond K Hessel
2015-07-20 06:07:16

As usual, while Clark’s remarks didn’t even register with the corporate media, the “fringe blogs” that more and more people are turning to for real news and real truth, sounded the alarm.

http://www.shtfplan.com/headline-news/watch-wesley-clark-calls-for-rounding-up-and-interning-radicalized-and-disloyal-americans_07192015

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Comment by Goon
 
 
 
Comment by MightyMike
2015-07-20 07:35:07

‘The award-winning liberal blogger Heather “Digby” Parton is shocked by the General’s remarks: “I’ve always liked Clark,” she writes, scratching her head at how in blazes he could’ve said what he said. And apparently others of that crowd found it hard to believe as well: “People are arguing with me on Twitter that he couldn’t have said this,” Digby writes, “but he did. If you still don’t believe me go watch the tape yourself.”

‘Which just goes to show how clueless today’s liberals are about the authoritarian roots of modern liberalism.

It’s really a huge stretch to claim that FDR and the roots of liberalism are behind Clark’s statements. This description of his politics from Wikipedia indicates that he’s not particularly liberal:

Clark said that he voted for Al Gore and Ronald Reagan, held equal esteem for Dwight D. Eisenhower and Harry S. Truman, and was a registered independent voter throughout his military career. Clark stated that he decided he was a Democrat because “I was pro-affirmative action, I was pro-choice, I was pro-education… I’m pro-health care… I realized I was either going to be the loneliest Republican in America or I was going to be a happy Democrat.”[98] Clark said he liked the Democratic party, which he saw as standing for “internationalism”, “ordinary men and women”, and “fair play.”[99][100]

Furthermore, FDR’s internment of Japanese-Americans is a very sordid chapter in American history, but, sadly, it was quite popular with many Republicans as well as Democrats.

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Comment by Ben Jones
2015-07-20 07:52:36

‘award-winning liberal blogger Heather “Digby” Parton is shocked by the General’s remarks: “I’ve always liked Clark,”

He’s not liberal. He’s a fascist. And we’ve got lots of people pretending to be liberal or conservative that are something else entirely. I’m of the opinion that left/right liberal/conservative lost all meaning years ago.

 
Comment by taxpayers
2015-07-20 12:30:32

there are only governmentarians and privSec
that’s the division

at least in the dc area

 
 
Comment by Selfish Hoarder
2015-07-20 19:15:49

Also Hillary Clinton came to the defense of war monger McCain, who was himself attacked by Donald Trump.

What is a liberal? What is a conservative?

RKH understands there is no difference.

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Comment by Dman
2015-07-20 06:05:14

Twenty percent of companies on the market are still blocked from trading, the ones selling (or rather NOT selling) for twice as much versus earnings of other stocks. If the Chinese government had just let the stock market muddle along, people would have hardly noticed it. Instead, they called buying stocks a patriotic duty, and the market quickly plummeted. Now the incompetence of the communist party hacks is there for all to see, and its becoming harder and harder for cheerleaders to pretend that an economy based on massive debt and malinvestment can even function for much longer, let alone take over the world.

Comment by Raymond K Hessel
2015-07-20 06:08:27

its becoming harder and harder for cheerleaders to pretend that an economy based on massive debt and malinvestment can even function for much longer, let alone take over the world.

Sounds like a Keynesian crony-capitalist neoliberal wonderland closer to home.

Comment by oxide
2015-07-20 08:12:12

Everyone wants to to do the spendy part of Keynes and nobody wants to do the savey part of Kenyes. Kenyes himself is not to blame.

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Comment by Ben Jones
2015-07-20 08:13:48

‘nobody wants to do the savey part of Kenyes’

Yeah, it doesn’t work in the real world.

 
Comment by In Colorado
2015-07-20 08:31:09

Spending is fun and easy, saving takes sacrifice and discipline.

 
Comment by Raymond K Hessel
2015-07-20 17:17:05

Savers are screwed by the Fed’s money printing and ZIRP.

 
 
 
Comment by Neuromance
2015-07-20 18:55:19

The value of a bubble good comes from the cash you can sell it for. You buy it now, with the expectation in a short period of time, you can sell it for more and pocket the profit.

A bubble collapses when too many people get out - too many people try to achieve the goal of purchase the bubble good. Namely they try to sell and get the cash. Prices stop going up. And then people believe prices don’t automatically go up which moots the purpose of their buying or holding it.

If China can print up enough cash - or use its vast surplus - to buy up enough sellers of stocks so that people will once again believe that at least eventually their bubble good will go up, perhaps they’ll hang onto them, arresting the slide.

But here’s the problem with these kinds of interventions - people game them. Always. We’ve seen it here, and surely people will try it in China. So anyone with an inside line to China’s market planners will know their thinking and frontrun it.

BUT - if China can manipulate that market, and people start believing it, that their bubble good will most surely go up, that likely will arrest the slide.

Look at what the Fed did here - it bought 3.5 trillion dollars of MBS in just a few years, from Fannie and Freddie. And Fannie and Freddie were the only buyers of new mortgages over the past 7 years. Virtually no private buyers. And what happened? Rebubble. People once again are frenzied to get into the market.

If China spends its surplus and then some - surely it has a few trillion - then who knows. It’s an interesting experiment.

The problem with stocks though is that they are worthless to the average Wang/Joe SixPack but for what they can yield when sold. Real estate is something that is actually consumed - used. Using the good provides value to the user. So, while massive intervention in the real estate market successfully rebubbled the market, it’s unclear if it can be done with stocks.

It’s an interesting experiment.

 
 
Comment by Professor Bear
2015-07-20 07:55:54

Where does the Chinese government land on the left-right scale?

Comment by AmazingRuss
2015-07-20 08:00:49

Purple.

 
Comment by Ben Jones
2015-07-20 08:06:32

Or Islamic fundamentalist? Are they left or right?

Comment by Professor Bear
2015-07-20 08:36:00

So far I haven’t noticed AlbqDan post any Islamic fundamentalist propaganda here…

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Comment by WPA
2015-07-20 08:51:09

Or Islamic fundamentalist? Are they left or right?

Extreme off-the-scale medieval right.

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Comment by Ben Jones
2015-07-20 09:06:12

‘Extreme off-the-scale medieval right’

We would expect that only such rightists could conceivably drop an A-bomb on a civilian population.

 
 
Comment by Califoh20
2015-07-20 11:12:39

I am neither, I just despise the GOP big spending hypocrites more than I dislike the DEMS.

85 degrees and muggy today in CA. How do people spend an entire summer in Miami? No wonder they dont want to work.

Rand Paul 2016.

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Comment by Little Al
2015-07-20 19:02:24

The half a inch of rain yesterday put out the fire in the Cajon pass. Thank goodness it has been a wet summer.
I saw a bear three days ago 17 miles from downtown L.A.
He was eating wild cherries on a mountain road. Most people don’t even know that the creek near my house exists. People are too busy making money to care about
nature.

 
Comment by MightyMike
2015-07-20 19:08:51

How do people spend an entire summer in Miami?

They’re accustomed to it. They also have something called air conditioning.

 
Comment by Selfish Hoarder
2015-07-20 19:26:53

When I was Bill in New Tampa I lived on the third floor of a building. AC was included in rent. I always had it cold enough to wear a sweat shirt. I wanted to keep that South Bay L.A. sweatshirt habit.

 
 
 
Comment by In Colorado
2015-07-20 09:56:51

Where does the Chinese government land on the left-right scale?

Given that the state still technically owns all urban land, I’d say they haven’t fully shaken off their Commie roots.

Comment by Califoh20
2015-07-20 12:50:06

Funny (sad) how people can look up the definition of Communism, but they don’t.

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Comment by Little Al
2015-07-20 19:05:39

Where does Fascism end and Communism begin?
May the circle be unbroken.

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Comment by Professor Bear
2015-07-20 08:08:23

Only 507.89 points higher (25%+ gain) to get back to the official target level of 4500. Given myriad forms of government intervention in place, this should be a piece of cake.

 
Comment by Professor Bear
2015-07-20 09:59:21

China’s economic data
Right on target
Is growth really 7% a year?
Jul 18th 2015 | Shanghai | From the print edition
Timekeeper

IT ALL seems a little too perfect to be true. The Chinese government set a growth target of “about 7%” this year; the economy, ever responsive to the Communist Party’s needs, has hit exactly that number for two quarters in a row. Cue a chorus of scepticism.

The first quarter did look suspicious. Growth in industrial production was the weakest since the depths of the financial crisis; the property market, a pillar of the economy, crumbled. China reported real growth (ie, after accounting for inflation) of 7% year on year in the first quarter, but nominal growth of just 5.8%. The only way to arrive at the higher real figure was to put the GDP deflator, a measure of inflation, at -1.1%. That implied the economy suffered broad-based deflation, a bizarre claim given that consumer prices rose by more than 1% at the same time. Had the GDP deflator been more accurate, Chang Liu and Mark Williams of Capital Economics reckon, real growth in the first quarter would have been one or two percentage points lower.

What is more, the sources of Chinese growth in the second quarter were less mysterious than in the first. Although investment continued to slow, services accelerated. Industry grew by 5.9% year on year in the second quarter, down from 6.4% in the first quarter. In contrast, services jumped to 8.9% growth from 7.9% in the first quarter. That matters since services now account for a larger share of Chinese GDP than industry.

This acceleration in services is unlikely to last. It derives to a large extent from the soaring stockmarket, which boosted financial firms. That lift has presumably become a drag in recent weeks as share prices have dived. Transient as it was, however, China’s statisticians did not invent the financial boom.

 
Comment by Professor Bear
2015-07-20 10:04:36

Given the rampant use of margin lending to fuel China’s stockmarket bubble, plus the massive recent influx of mom-and-pop retail investors, this Economist magazine article could prove worrisome.

Free exchange
Sorry to burst your bubble
New research suggests it is debt, not frothy asset prices, that should worry regulators most
Jul 18th 2015 | From the print edition
Timekeeper

WHEN Chinese shares plunged earlier this month, the government tried frantically to limit the damage. It pumped cash into the market, capped short-selling and ordered share buy-backs. Although China was unusually heavy-handed, it was hardly the first country to try to bolster stock prices for fear of the economic harm a crash could bring. Alan Greenspan, as chairman of the Federal Reserve, famously created the “Greenspan put” by giving investors the impression he would cut interest rates to stop stockmarket routs.

The underlying rationale for these interventions is an idea that until recently received surprisingly little scrutiny—namely, that stockmarket busts are very damaging for the economy. The link seems clear enough in the case of the crash of 1929, which led in short order to the Depression. But it is also easy to point to contrary examples. The bursting of America’s dotcom bubble in 2000 wiped out $5 trillion in market value, equivalent to half of GDP. Yet it was followed by a shallow recession.

Not all bubbles, it would appear, are equally bad. According to two new papers*, the crucial variable that separates relatively harmless frenzies from disastrous ones is debt. In many cases, though certainly not all, stockmarket manias fall into the less worrying category.

Writing for the National Bureau of Economic Research, Oscar Jorda, Moritz Schularick and Alan Taylor examine bubbles in housing and equity markets over the past 140 years. The most dangerous, they conclude, are housing bubbles fuelled by credit booms. The least troublesome are equity bubbles that do not rely on debt. Five years after the bursting of a debt-laden housing bubble, the authors find, GDP per person is nearly 8% lower than after a “normal” recession (ie, one that is not accompanied by a financial crisis). In contrast, five years after a stockmarket crash, GDP per person is only 1% or so lower. If the stock bubble comes alongside a big rise in debt, the damage to GDP per person is 4%. The paper does not explain why housing bubbles are more costly, but a fair inference is that, whereas equity investments tend to be concentrated among the rich, plenty of people lower down the income ladder have wealth tied up in housing.

 
Comment by Califoh20
2015-07-20 10:59:00

All of my smart friends are neither Republicans nor Democrats. They order off both sides of the menu as needed.

Comment by Prime_Is_Contained
2015-07-20 22:12:11

They order off both sides of the menu as needed.

Too bad there are only two sides to the menu…

Comment by rms
2015-07-20 22:46:13

We could also use some shoe-throwing.

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Comment by RioAmericanInBrasil
2015-07-20 16:03:43

Travel day, so the left should be happy.

Whew….. Thanks for letting us know why you’re not here because otherwise it would have been terrible for us to not know why you weren’t here today and we would have been really nervous because you weren’t here and we didn’t know why, and you not being here without knowing why would have really been stressful.

(The over-the-top sense of self-importance is a wonder to behold.)

 
 
Comment by Professor Bear
2015-07-20 04:14:14

Did you miss the chance to sell your gold?

Comment by Professor Bear
2015-07-20 08:33:42

Marketwatch dot com
Jeff Reeves’s Strength in Numbers
Opinion: Gold’s slump is here to stay
By Jeff Reeves
Published: July 20, 2015 10:25 a.m. ET
The outlook is bleak even if prices rebound in the near term
Bloomberg News/Landov
There are good short-term opportunities in gold, but long-term investors should be wary.

Gold prices have slipped again this year, with the precious metal down more than 40% from its 2011 peak.

We’ve been here before. Gold prices were around $1,140 an ounce in early November, before staging an impressive run back up to about $1,300 by late January, almost a 15% gain.

Difficult as it is in this age of Internet trolls, I try to be agnostic about gold and think purely about its investment potential in the here and now. I couldn’t care less about conspiracy theories — what I want to know is whether I can make money on this trade, given that gold is so volatile.

So what’s in the cards for gold now? Are current prices a bargain as they were last fall, or will the recent declines continue?

I believe it’s the latter. But that doesn’t mean a savvy trader can’t make a profit with a targeted short-term play on gold or gold miners.

 
Comment by Professor Bear
2015-07-20 12:11:55

Commodities Corner
The reason gold is in the middle of a ‘perfect storm’
Published: July 20, 2015 2:45 p.m. ET
Mining stocks plunge along with gold prices
Everett Collection
Gold is slumping too. (GOLDFINGER, Shirley Eaton, 1964)
By Myra P. Saefong
Markets/commodities reporter

Gold is suffering a major meltdown. Prices for the yellow metal have dropped to their lowest level in more than five years, and the downdraft didn’t relent Monday, with futures recording an eighth straight session of losses.

August gold (GCQ5, -2.41%) dropped $25.10, or 2.2%, to settle at $1,106.80 an ounce on Comex, briefly hitting a low below $1,100 an ounce.

Over the past week, “a number of events and trends have come together to create what looks like a perfect storm for gold,” said Colin Cieszynski, chief market strategist at CMC Markets.

He listed 4 significant influences:

1). Reduced demand for defensive havens

The “risk of an imminent Grexit has passed for now,” and political tensions around the world also appear to be easing with the completion of the Iran deal and the U.S. “reopening diplomatic relations with Cuba,” said Cieszynski.

2). Reduced need for inflation hedges

With Iran preparing to return to the oil market amid a continuing supply war among other producers, the price of oil has tumbled back toward $50 a barrel. That means “headline inflation looks likely to remain subdued for some time,” Cieszynski said.

3). U.S. interest-rate liftoff and U.S. dollar rally

The risk of financial crises in Europe and concerns that China could spiral out of control and disrupt the world economy have eased dramatically, “keeping the Fed on course toward interest-rate liftoff.”

4). China and gold purchases.

China on Friday released data on its gold holdings for the first time since 2009. Gold reserves rose by about 60% from 2009 to 1,658 metric tons, which would have been great for gold, “except that gold only represents about 1.5% of China’s forex reserves and this percentage has not grown in the last six years, crushing hopes China would save the gold market,” said Cieszynski.

 
Comment by Professor Bear
2015-07-20 12:13:55

Don’t look now, but it’s not only yellow gold that is tanking, as black gold (”oil, that is”) just dipped below the $50/bbl level.

It’s only another $30/bbl (60%) higher from here over the next six months to hit AlbqDan’s predicted $80/bbl level in December 2015.

 
Comment by Professor Bear
2015-07-20 13:07:05

Does it seem odd to others that commodities are tanking as U.S. stocks are rising steeply? I’m trying to recall other points in market history when this combination of price dynamics was in play. Perhaps the early 1980s?

 
Comment by Professor Bear
2015-07-20 13:55:50

Gold closed below $1100 today…ouch!

Wondering here whether gold sales might somehow figure into China’s stock price support scheme? Or does the selloff relate to the related need to raise cash to cover margin calls?

Comment by Professor Bear
2015-07-20 17:38:54

China rides a gold and stock seesaw
By Asia Unhedged on July 20, 2015 in Asia Unhedged, China

Chinese stocks rose and gold tumbled 4% after a huge sale in China. Anyone see a connection?

A record 3.3 million lots of the metal, or about 33 tons, were traded on a key Shanghai physical contract Monday, compared with less than 27,000 lots on Friday, reported Reuters. Up till now the average July volume has averaged less than 30,000 lots.

Right after the opening of the Shanghai Gold Exchange, the price of spot gold fell to $1,088.05 an ounce — its lowest price since March 2010. By midmorning in New York, the price was above the key $1,100 support level.

“We do see a lot of people in China selling gold to get fast cash to go back into the equity market,” a Singapore-based trader told Reuters.

Meanwhile, the Shanghai Stock Exchange Composite Index rose 0.9% to 3,992 on Monday. The Shenzhen Stock Exchange Composite Index gained 1.8% to 2,230; the small-cap ChiNext Price Index jumped 2.3% to 2,840 and the Hang Seng Index in Hong Kong ended basically flat.

 
 
Comment by Professor Bear
2015-07-20 16:11:05

Gold miners slammed
Akin Oyedele
Jul. 20, 2015, 4:00 PM

Gold mining stocks got slammed on Monday.

Gold flash-crashed on Sunday night, with the spot price tanking 3.8%, or $43 per ounce in a few seconds.

China reportedly sold one-fifth of a day’s trade within two minutes.

And in trading on Monday, gold mining stocks felt the pain.

Here are a few of the big decliners:

* Barrick Gold, the world’s largest miner of the metal, fell as much as 15% to a 25-year low.
* Newmont Mining, one of the largest gold producers, fell 12% to 18.16, the lowest in seven months. It was the biggest loser on the S&P 500.
* Kinross Gold Corporation fell 12% to around $1.67 per share – an all-time low.
* Yamana Gold fell 11% to the weakest in a decade.
* Freeport-McMoRan, a producer of gold and copper, fell 5%.

The Gold Miners ETF fell 10%, and the SPDR Gold Shares ETF fell more than 2%.

Near 4:30 p.m. in New York on Monday, gold was down more than 3% to trade at a five-year low of about $1097.

 
 
 
Comment by azdude
2015-07-20 05:03:02

I’m sorry you didn’t buy a home in 2009 when sh@t hit the fan.

 
Comment by Raymond K Hessel
2015-07-20 05:05:01

“Democracy is a pathetic belief in the collective wisdom of individual ignorance. No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.” — H.L. Mencken

 
Comment by Raymond K Hessel
2015-07-20 05:09:45

What could possibly go wrong with voting for inept Marxist leadership?

http://news.yahoo.com/special-report-man-cost-greece-billions-094115259.html

Comment by In Colorado
2015-07-20 08:34:35

I suppose the same as with voting for an inept right wing leadership.

 
 
Comment by Goon
2015-07-20 05:23:02

Warmist Warming Monday

The American pika, as seen below, is one of the species most directly affected by warmism. As temperatures rise, their habitat shrinks, and with enough warmism, they will become extinct

http://www.picpaste.com/IMG_20150719_085134.jpg

Comment by phony scandals
2015-07-20 05:48:47

“Warmist Warming Monday”

Could you put that in a jingle?

Something like…

http://www.youtube.com/watch?v=EyJ_q4QBZX4 - 148k -

Comment by Goon
2015-07-20 06:16:12

One of the warmist libtards (age 45, not millennial SJW) that I know is on her fifteenth trip to Europe right now, the carbon footprint of transatlantic travel is somehow negated by the infusion of libtardism that spending time in Europe provides, or so my betters assure…

Comment by Raymond K Hessel
2015-07-20 06:44:38

Brother Goon, you are truly a national treasure.

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Comment by Goon
2015-07-20 06:49:11

I’m a writer, a poet
A genius, I know it
I don’t buy cheba
I grow it

 
 
Comment by In Colorado
2015-07-20 08:39:41

One of the warmist libtards (age 45, not millennial SJW) that I know is on her fifteenth trip to Europe right now, the carbon footprint of transatlantic travel is somehow negated by the infusion of libtardism that spending time in Europe provides, or so my betters assure…

FWIW, that airliner will fly anyway, whether she’s on it or not; but yeah, if she is so serious about carbon footprint she could book passage on a cargo ship. Of course that takes days to cross the ocean and not hours. And the amenities on the ship are non existent, so she’d better take some books or load her kindle.

I will be doing my share of footprinting later this summer, when I catch a nonstop to Heathrow and back.

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Comment by RioAmericanInBrasil
2015-07-20 12:36:26

One of the warmist libtards (age 45, not millennial SJW) that I know is on her fifteenth trip to Europe right now,

A single individual not flying to Europe is not going to help the planet imo and doesn’t negate the facts of climate change.

 
Comment by redmondjp
2015-07-20 14:12:19

Oh, but leaving your cell phone chargers unplugged will (Larry David’s ex-wife, on Oprah . . . some time ago)

 
 
Comment by taxpayers
2015-07-20 12:52:17

the german green /lib wanted to limit air travel of humans lesser than him to 1 per 12 yrs

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Comment by MightyMike
2015-07-20 13:10:54

Who was that?

 
 
 
 
 
Comment by Raymond K Hessel
Comment by bink
2015-07-20 05:45:48

“Real Estate is local” and during an International bubble every locality has a bogeyman they blame for it.

 
 
Comment by Raymond K Hessel
2015-07-20 05:30:27

HillaryJeb “generating little excitement.” Who would be excited to have these oligarch stooges imposing four more years of crony capitalism?

http://www.foxnews.com/politics/2015/07/20/jeb-and-hillary-flawed-front-runners-generating-little-excitement/

Comment by palmetto
2015-07-20 05:48:17

The only excitement happening is Trump and Sanders. JEB! at least should just pack it in. The Republican field has pretty much been reduced to a bunch of losers whining and sniping at The Don. Puh thetic.

Comment by Raymond K Hessel
2015-07-20 05:58:15

What’s truly pathetic is that 95% of GOP and Democrat voters can be counted on to vote for more of the same, i.e. crony capitalism and the corporate state.

Comment by Mr. Banker
2015-07-20 06:01:41

“What’s truly pathetic is that 95% of GOP and Democrat voters can be counted on to vote for more of the same, i.e. crony capitalism and the corporate state.”

Wrong. What’s truly wonderful is that 95% of GOP and Democrat voters can be counted on to vote for more of the same, i.e. crony capitalism and the corporate state.

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Comment by Raymond K Hessel
2015-07-20 06:10:54

Yes, the .1% in the financial sector must be flexing their fingers, spiderlike, while murmuring “Excellent, excellent!” at the mindless acquiescence of the sheeple to their own fleecing.

 
Comment by Mr. Banker
2015-07-20 06:40:23

“… at the mindless acquiescence of the sheeple to their own fleecing.”

“… do their own fleecing.”

I like it! It removes the middle men, removes my lackey employees from the transaction.

 
Comment by Mr. Banker
2015-07-20 06:41:42

Bahahahahahaha … fleece yourself and save the difference!

 
Comment by Raymond K Hessel
2015-07-20 06:52:50

The fleecing is become more brazen, yet the sheeple graze on.

http://wolfstreet.com/2015/07/18/ecbs-new-regulations-hound-prudent-smaller-banks-city-of-london-wall-street-salivate/

Thanks to Europe’s Banking Union, consummated to minimal fanfare on Nov. 4, 2014, supervision of Europe’s 130 biggest banks, representing 80% of total financial assets, was passed from national authorities into the welcoming hands of the ECB, an institution that is frighteningly opaque, unaccountable and undemocratic – even by modern European standards.

The ECB is now the single supervisor of the most important banks, not only of the euro zone, but of the entire 28-member European Union. This new setup grants Europe’s central bank a huge amount of power — power it is not afraid to wield, as 11 million Greeks have just learnt.

As I warned in July last year, in a Europe-wide banking union, pretty much everything that is wrong with Europe’s financial system (i.e. excessive concentration, over-complexity, moral hazard, excessive risk-taking, capital shortfalls) would almost certainly get a whole lot worse. So the big banks were happy with the new banking union.

 
 
 
 
 
Comment by palmetto
2015-07-20 05:37:55

“McCain said Monday that he did not intend to offend anyone by using the term “crazies.”

“I thought it was a term of endearment,” he said.”

http://www.nbcnews.com/politics/2016-election/john-mccain-donald-trump-owes-vets-apology-not-me-n394946

A term of “endearment”. From a nutjob who desperately needs a retirement and should never have held office, elected or otherwise, in the first place. Good to see he’s backing down on the “I’m a hero” stuff. Because he really doesn’t want to go there.

Comment by RioAmericanInBrasil
2015-07-20 06:58:28

Good to see (McCain’s) backing down on the “I’m a hero” stuff. Because he really doesn’t want to go there.

Right.

What Donald Trump was up to while John McCain was a prisoner of war

http://www.washingtonpost.com/news/morning-mix/wp/2015/07/20/what-donald-trump-was-up-to-while-john-mccain-was-suffering-as-a-prisoner-of-war/

….“John McCain is a hero, a man of grit and guts and character personified,” Secretary of State John F. Kerry said in a statement. “He served and bled and endured unspeakable acts of torture. His captors broke his bones, but they couldn’t break his spirit, which is why he refused early release when he had the chance. That’s heroism, pure and simple, and it is unimpeachable.”

If Trump doesn’t think that that’s heroic, then what, exactly, is admirable in his eyes?

…“When I graduated from college, I had a net worth of perhaps $200,000,” he said in his 1987 autobiography “Trump: The Art of the Deal,” written with Tony Schwartz. (That’s about $1.4 million in 2015 dollars.) “I had my eye on Manhattan.”

More than 8,000 miles away, John McCain sat in a tiny, squalid North Vietnamese prison cell. The Navy pilot’s body was broken from a plane crash, starvation, botched operations and months of torture.

As Trump was preparing to take Manhattan, McCain was trying to relearn how to walk.

The stark contrast in their fortunes was thrown into sharp relief Saturday when Trump belittled McCain during a campaign speech in Iowa.

Comment by scdave
2015-07-20 07:35:18

+1 RIO…..Trump is a gigantic POS….He’s a top shelf snake oil salesman Narcissistic Dick….

 
Comment by Ben Jones
2015-07-20 07:42:26

Oh there’s contrast here. Let’s see, saying someone who simply fought in Vietnam isn’t necessarily a hero. There were bunches of people who said that in the 60’s. Some even (gasp!) protested against that war. And here you are defending John McCain, who dared run against your idol, on his role as a hero! Irony can’t capture this moment. And then we contrast the media outrage, er, silence when a former general, who ran for president, calling for internment camps! Which originally were given to those dastardly Japanese Americans by another of your idols. Let’s all step back and watch the Democratic candidates denounce Clark for this disgusting suggestion.

Or will even one say a peep about it?

Comment by Goon
2015-07-20 08:12:26

+1

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Comment by In Colorado
2015-07-20 08:44:53

Or will even one say a peep about it?

Sometimes i’ts best to let sleeping dogs lie. Condemn Clark and it will draw attention to past Dem misdeeds. Ignore it and by next week it will be forgotten.

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Comment by WPA
2015-07-20 09:04:42

Jones, don’t get all self-righteous about Clark and FDR when the Righties did the most disgusting and disrespectful thing with Sen. John Kerry’s war record.

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Comment by scdave
2015-07-20 09:07:20

Righties did the most disgusting and disrespectful thing with Sen. John Kerry’s war record ??

Exactly !!!!!

 
Comment by palmetto
2015-07-20 09:39:21

“Sen. John Kerry’s war record.”

Especially since he’s doing such an outstanding job today.

PS Don’t slag the blogger, WPA. Like Obama said, you’re eating the hors d’oeuvres and drinking the booze here.

 
Comment by Ben Jones
2015-07-20 10:12:12

I watched the debate between Kerry and Bush where Kerry said he would send more troops into Iraq than Bush.

 
Comment by phony scandals
2015-07-20 16:59:57

Comment by WPA
2015-07-20 09:04:42

Jones, don’t get all self-righteous about Clark and FDR when the Righties did the most disgusting and disrespectful thing with Sen. John Kerry’s war record.

Comment by scdave
2015-07-20 09:07:20

Righties did the most disgusting and disrespectful thing with Sen. John Kerry’s war record ??

Exactly !!!!!
————————————————————–

It was close, but i am going to have to give WPA the…

Panties in a Wad award

 
 
Comment by RioAmericanInBrasil
2015-07-20 11:22:37

saying someone who simply fought in Vietnam isn’t necessarily a hero.

That’s not what Trump said or implied about McCain.

here you are defending John McCain, who dared run against your idol, on his role as a hero! Irony can’t capture this moment.

There is no irony. Me defending McCain’s heroism could only be ironic if McCain’s running against my “idol” lessened McCain’s war heroism which of course, it did not and could not. They are two entirely separate issues as are McCain’s war mongering and his war heroism. There is no irony treating the two issues as separate.

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Comment by phony scandals
2015-07-20 17:25:33

“There is no irony treating the two issues as separate.”

Go to 3:04 of this video and remind me about the outrage.

Chris Rock about John McCain ,Barack Obama and … - YouTube
http://www.youtube.com/watch?v=jOZ4GmCJ8g8 - 264k - Cached - Similar pages
May 5, 2009

 
Comment by phony scandals
2015-07-20 17:33:34

2:55 is a better time to start

 
Comment by RioAmericanInBrasil
2015-07-20 18:07:39

Go to 3:04 of this video and remind me about the outrage.

2:55 and 3:04 are not pertinent to this issue. Any outrage of any McCain issue is a different subject than Trump deriding McCain’s war heroism.

 
Comment by phony scandals
2015-07-20 18:54:56

“Any outrage of any McCain issue is a different subject than Trump deriding McCain’s war heroism.”

I believe Mr. Rock said…

He been tellin the same story for 40 f#kin years. He a war hero he a war hero, he a war hero (PAUSE) that got captured (huge laughs) there’s a lot of guys in jail that got captured (more big laughs) f that I don’t wanna vote for nobody that got captured

 
 
 
Comment by palmetto
2015-07-20 08:08:25

http://original.antiwar.com/giraldi/2013/05/29/john-mccain-war-hero-or-something-less/

http://www.vvof.org/mccain_hides.htm

The concern for McCain by Rio is truly touching. Pity that McCain didn’t have quite the same concern for some POWs and MIAs.

Comment by palmetto
2015-07-20 08:20:29

Hmm. Now let’s see, who REALLY owes POWs an apology? I would say the powerful Senator who could have done something about it, rather than suppressing information.

Heeeere’s JOHNNY!

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Comment by Ben Jones
2015-07-20 08:33:55

‘McCain, who was saved from drowning by a Vietnamese civilian and was treated at a Hanoi hospital for his wounds, was the son of the Admiral commanding the Pacific Fleet, so he was what might be referred to as a high value captive for the North Vietnamese regime. As such he received considerable attention from his captors, was referred to by his fellow prisoners as the “Crown Prince,” and was, by some accounts, handled with kid gloves. And his connections may have ensured that he would receive additional high value treatment from the Pentagon upon his return to the U.S., he being awarded an astonishing Silver Star, Legion of Merit, Distinguished Flying Cross, Bronze Star and a Purple Heart for his 22 missions spent bombing mostly civilian targets in North Vietnam.’

‘by McCain’s own account he may have begun cooperating with the North Vietnamese within three days of his capture and was fully on board within two weeks, providing specific intelligence on his aircraft carrier, its aircraft, and the support vessels attached to it, information that was later featured in North Vietnamese radio broadcasts. One account that appeared on a wire service entitled “PW Songbird is Pilot Son of Admiral” reported that McCain may have gone beyond an acceptable level of collaboration in assisting the psychological warfare offensives aimed at American servicemen: “The broadcast was beamed to American servicemen in South Vietnam as a part of a propaganda series attempting to counter charges by U.S. Defense Secretary Melvin Laird that American prisoners are being mistreated in North Vietnam.”

‘Douglas Valentine, in a 2008 article in Counterpunch, describes how “On one occasion, General Vo Nguyen Giap, the top Vietnamese commander and a nationalist celebrity of the time, personally interviewed McCain. His compliance during this command performance was a moment of affirmation for the Vietnamese. His Vietnamese handlers thereafter used him regularly as prop at meetings with foreign delegations.”

‘It has also been claimed by retired Army Colonel Earl Hopper, admittedly without any corroborating evidence apart from what might be contained in inaccessible Pentagon files, that “McCain told his North Vietnamese captors, highly classified information, the most important of which was the package routes, which were routes used to bomb North Vietnam. He gave in detail the altitude they were flying, the direction, if they made a turn… he gave them what primary targets the United States was interested in…the information McCain provided allowed the North Vietnamese to adjust their air-defenses. As result…the US lost sixty percent more aircraft and in 1968 [and] called off the bombing of North Vietnam, because of the information McCain had given to them.”

‘It appears undeniable based on the statements of senior U.S. government officials cited in the article and accompanying commentary that at least some prisoners were left behind with the full knowledge of and even enablement by the White House and Congress. Numerous elected and appointed officials subsequently lied to cover up their mendacity. It was a national disgrace, compounded through the fully documented case Schanberg makes for subsequent obstructionism by McCain and a number of other Senators who followed his lead, including current Secretary of State John Kerry, to impede any serious search for the missing in action and POWs.’

‘Though no longer a presidential candidate, John McCain is still a powerful voice in the Senate consistently advocating policies calling for the United States to use military force around the world. He is a reliable hawk who contrary to all the evidence continues to embrace the Iraq fiasco as if it were an American triumph and who is now the most active senator agitating for direct U.S. military action against Syria and Iran. His recent visit to Syria to demonstrate support for the rebels is, in fact, a violation of the Logan Act which forbids the conduct of foreign policy by anyone outside the executive branch of government.’

‘There are a number of possible reasons for the unwillingness within the media and among the public to seek the truth about John McCain, also noted most recently in the broader reluctance to confront the legacy of the war against Iraq on the tenth anniversary of the invasion. No one likes to reopen old wounds, particularly since both Vietnam and Iraq were wars fought on lies and both are now widely viewed as major policy disasters.’

‘This groupthink is largely driven by the intangible beltway consensus about the underlying American myth of “we are the good guys” that the public is inclined to support in an age when the country is falsely and deliberately perceived as drowning in a sea of terrorists and ungrateful foreigners. Confidence in America’s public institutions can be criticized but must not be seriously damaged so there is a well understood line that must not be crossed. If one were to read about a war hero Senator who turns out to be considerably less than that and who did his best to block the return of American prisoners it would undermine confidence in government and just might call into question the legitimacy of America’s wars since 1945. But it is perhaps not too late to take another look at McCain and the post-Vietnam POW issue while many veterans of that conflict are still alive. It might also help to discredit the Senate’s leading warmonger.’

 
Comment by X-GSfixr
2015-07-20 10:16:57

Talk about revisionist history. There is almost too much BS here to debunk.

-fixr’s Rule……..When someone tells you “facts” that you know are wrong/half-truths, you have to wonder about ALL of their “facts”.

I personally know probably a couple of dozen pilots who flew in Vietnam. They mostly bitch about how they were sent out to bomb targets like “suspected truck parks”, instead of attacking real targets, like the docks in Haiphong

(Which, if anyone cares to recall, were off limits as a target until 1972, because we were afraid that we might accidentally hit Russian ships, or ships of our so-called “allies” who continued ship stuff to the North Vietnamese.)

And a little stat, for those who think that all we were doing was “bombing helpless civilians”. (It always amazes me how our guys never seem to hit anything except “helpless civilian targets”)

Number of anti-aircraft guns defending synthetic fuel plants in Merseburg, Germany (The most heavily defended target in Nazi Germany) = 400

Number of anti-aircraft guns in the Hanoi-Haiphong/Route Pack 6 = 5000

And this number doesn’t include SAM batteries

As far as MIAs being “left behind”……some people have found that the issue is a good way to generate permamant employment.

And that the US government have been allowed access to the North Vietnamese archives on the matter. Let’s just say that, just like WWII and Korea, baling out/ejecting over people (whether civilian or military) you have just dropped bombs on is not a path to a long, healthy life.

 
Comment by taxpayers
2015-07-20 12:36:05

he was fried and could have gone home- returned to flight duty

name anyone w those kinda ballz

 
Comment by Mafia Blocks
2015-07-20 12:55:33

Stop your pandering.

 
Comment by MightyMike
2015-07-20 13:15:15

I read somewhere that the PTB made a decision that they wanted to “normalize” relations with Vietnam in the mid-1990s. That was probably to get access to cheap labor or commodities. Once that decision was made, the whole POW/MIA cause evaporated pretty quickly.

 
Comment by X-GSfixr
2015-07-20 13:50:24

That was also the time period where the NV Army archives were opened to a US researcher. Including photos of bodies just before the NVA buried them in the jungle.

As noted above, baling out over people you just bombed isn’t healthy. Especially when you try to shoot it out with them.

From early 1944 on, numerous (in the hundreds, if not the thousands) of US and British fighter and bomber crewman (Goebbels called all “Terrorflieger”) never made it to prison camps. Killed by civilians. Your best chance for survival when baling out over Germany was to do so close to a Luftwaffe airfield.

Ironically, many were killed out in the boonies, by people who had gone thru the whole war without a single bomb being dropped within five miles of them. Many by the “good ol’ boys” of the local police department, or SS troops who happened to be home on leave.

But it could be worse……..at least they weren’t B-29 crews shot down over Japan.

http://tinyurl.com/qzx5tf4

 
 
 
 
 
Comment by Raymond K Hessel
2015-07-20 05:52:14

http://www.theburningplatform.com/2015/07/18/lies-damned-lies-statistics/

The government released their monthly CPI report this week. Even though it came in at an annualized rate of 3.6%, they and their mouthpieces in the corporate mainstream media dutifully downplayed the uptrend. They can’t let the plebs know the truth. That might upend their economic recovery storyline and put a crimp into their artificial free money, zero interest rate, stock market rally. If they were to admit inflation is rising, the Fed would be forced to raise rates. That is unacceptable in our rigged .01% economy. There are banker bonuses, CEO stock options, corporate stock buyback earnings per share goals and captured politician elections at stake.

Comment by AbsoluteBeginner
2015-07-20 09:06:18

Hey, I love ZIRP. It makes stocks keep going up.

 
 
Comment by Raymond K Hessel
2015-07-20 05:56:27

Are Chinese dumping gold to cover their margin calls? If so, the dropping price of their collateral will likely mean even more selling, and more margin calls, are coming.

http://www.businessinsider.com/gold-just-got-destroyed-2015-7

Comment by Raymond K Hessel
2015-07-20 06:47:44

http://www.marketwatch.com/story/big-fund-suspected-of-selling-gold-as-price-crashes-to-five-year-low-2015-07-20

Chinese wheeler-dealers have used warehouses full of iron ore and copper sheeting, as well as physical gold stockpiles, as collateral to take out loans. Now that commodities are tanking, so is the collateral they posted to secure those loans. I see a vicious cycle of selling off commodities to raise money for margin calls, further depressing commodity prices in the near term as the forced deleveraging begins in earnest. Look out below!

Comment by X-GSfixr
2015-07-20 10:37:46

Hate to say I “told you so”

http://tinyurl.com/ojre2rf

Search “china copper bonded warehouse” for a gazillion links going back to 2010 or thereabouts.

Of course, the China cheerleaders dismissed this as being just a small part of the big picture.

The -fixr is just a simple caveman, and is not sophisticated enough to appreciate all of the potential problems with a trade like this. All the -fixr knows is that the whole trade looked a lot like “HELOC Equity withdraw, China version”, and that nothing good would come out of it

(unless by “good” you mean making a few banksters rich).

 
 
 
Comment by phony scandals
2015-07-20 06:00:10

New “White Privilege Tax” for all White People :)

media analyst Mark Dice asks minorities in San Diego, California to sign a petition to support adding a “White Privilege Tax” on the income of all white Americans to help fund social programs

Mark Dice - YouTube
http://www.youtube.com/user/MarkDice - 652k -

Comment by palmetto
2015-07-20 06:12:44

“Excuse me, what race are you?”

“Puerto Rican”.

LMAO!

 
Comment by Raymond K Hessel
2015-07-20 06:13:27

When Comrad Pelosi gets her Democrat Supermajority, all of the productive, regardless of color, ethnicity, gender, sexual orienation, etc. are going to be relentlessly taxed to keep funding the DNC’s ever-growing Free Sh*t Army entitlement voters.

Comment by Califoh20
2015-07-20 11:17:08

Free shit army = Like Boeing and Alcoa get 10’s of billions?? Or only the food stamp recipients at $155 month? I need to know the army I am dealing with.

Comment by Mafia Blocks
2015-07-20 12:58:06

Look in the mirror.

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Comment by Califoh20
2015-07-20 13:42:14

Run out of adult diapers again?

 
Comment by Mafia Blocks
2015-07-20 14:15:16

You’re out of excuses.

 
 
 
 
Comment by In Colorado
2015-07-20 08:46:42

media analyst Mark Dice asks minorities in San Diego, California to sign a petition to support adding a “White Privilege Tax” on the income of all white Americans to help fund social programs

I knew that getting that Mexican passport would come in handy someday.

 
Comment by AbsoluteBeginner
2015-07-20 09:10:35

There is something about Mark Dice that does not add up. He likes to poke at peoples’ ignorance in some kind of holier than thou way. Meanwhile, how original is he otherwise?

 
 
Comment by Raymond K Hessel
2015-07-20 06:56:18

Tapped out ‘Muricans not saving for retirement. Of course they can vote to help themselves to the savings of those who planned ahead.

http://www.businessinsider.com/blackstone-a-hidden-crisis-in-america-2015-7

Comment by rj chicago
2015-07-20 11:12:41

Ray - I agree with the sentiment of your post.
And not sure bout you but I am old enough to remember very well this alarm warning blaring 2 decades ago and still this is going on. Are the folks just not learning anything continuing down the same road to ruin that was being alarmed about 2 decades ago - and still folks go on living - at what quality level is debateable but they go on in the face of the warnings!!! Though not responsible IMHO the end game of this is what? I am still trying to understand that. First it was Lynch at Fidelity, then PIMP CO and now Blackstone.

 
Comment by Selfish Hoarder
2015-07-20 19:43:52

Horrifying that the article says those millenials should go I. For very risky investments beyond he garden variety aggressive growth stock funds.

 
 
Comment by inchbyinch
2015-07-20 07:34:06

Bill O’Reilly Donald Trump Interview. Trump Slams GOP Field: I Don’t Have a Lot of Respect for …
Les Grossman NEW OFFICIAL CHANNEL

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

I like Trump in this interview. O’Reily isn’t my flavor, but Trump is right about illegals.

Comment by Califoh20
2015-07-20 11:20:33

If the GOP candidates cant deal with Trump bullying them, how will they deal with Putin?

Bush and Obama have spent billions on border security ( more than all the other presidents). Perry cant stop them in TX. Maybe our people are too dumb to do their job?

Comment by inchbyinch
2015-07-20 16:39:02

Califoh20
Having lived in Thousand Oaks (east Ventura County for 35 years)
and seeing the invasion and sinking of the school system, and the standard of living, it boggles my mind that I was asked to leave the Repuke’s hdqtrs one day, for asking what the GOP was going to do about it. Needless to say, I left the party and became a Political Atheist. Us vs. Them is different sides of the same coin.

Comment by Raymond K Hessel
2015-07-20 17:24:10

The Establishment GOP is in bed with the open borders crowd. Cheap wage slaves depress labor costs and pad the all-important corporate bottom line for their oligarch pimps.

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Comment by Califoh20
2015-07-20 19:20:03

yes, we know that…. but it is amazing how the sheeple vote GOP to “fix the immigration” problem.

 
 
Comment by Califoh20
2015-07-20 19:05:18

Budgets in all schools have been cut across the country it seems. Overcrowding in the norm.

Charter schools are the way to go, pay a private co to run them. Too much admin fat in CA’s schools to ever get it right.

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Comment by Selfish Hoarder
2015-07-20 19:46:14

Became a political atheist… Most of us are atheist when it comes to multiple Gods, some of us go one God further. Most of us are atheist when it comes from ruling over next door neighbors, some of us apply this to all strangers.

We call ourselves atheist voluntaryists.

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Comment by Goon
Comment by Califoh20
2015-07-20 14:04:42

Red states on the bottom of every list, except mooching.

 
 
Comment by rj chicago
Comment by Goon
2015-07-20 08:08:31

No kale

Spinach salad with roast chicken and no dressing four days a week

Comment by In Colorado
2015-07-20 08:48:40

Eating lean, tasteless food doesn’t make you live longer, it only feels that way.

Comment by Califoh20
2015-07-20 14:06:48

lol! I haven’t heard that one.

Tomatoes, basil (from the garden) olive oil, feta and Kalmata olives for lunch today with a slice of bread.

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Comment by X-GSfixr
2015-07-20 09:22:56

If I had to eat that four days a week, I’d have to shoot myself.

Signed,

Five minute drive from Arthur Bryant’s, Fiorello’s Jack Stack and Oklahoma Joes (recently renamed Joe’s of Kansas City)

http://tinyurl.com/onpebma

Comment by RioAmericanInBrasil
2015-07-20 11:37:38

Fiorello’s Jack Stack

Excellent. Went there Saturday after The Chipotle Fest - Freight House. Then walked around Union Station. Two weddings. Fine and finer.

The humidity here is different than Rio’s jungle feel. I can tolerate KC’s a little better.

Probably California in the next few weeks to visit 2 decades of friends. USA! USA! USA! :)

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Comment by X-GSfixr
2015-07-20 14:02:35

That’s the trouble with Kansas City, as far as my weight is concerned. Too many decent places to eat.

(Unless your definition of “decent” involves rabbit food and raw fish)

I can name a couple of dozen decent barbeque restaurants around here. Crappy barbeque restaurants don”t stay in business long

A couple of the newer places

Q39 - http://tinyurl.com/nsvmjzk

Char Bar - http://tinyurl.com/o7zhofo

And if you have a hankering for fried chicken, or chicken fried chicken/steak

Strouds - http://tinyurl.com/p8dyfr8

 
Comment by RioAmericanInBrasil
2015-07-20 15:55:21

Thanks for the tips! I always take Gates/Bryants (and others) sauce back with me to Brazil. Was planning on doing the Strouds thing.

If you’re ever in the Dotte.

http://www.roscoeskcbbq.com/

Get’s crazy high ratings.

“I’m a HUGE fan of Oklahoma Joes, but “Roscoe’s” ranks right up there with them. I’m very pleased with the small town BBQ …”

https://www.google.com/search?q=roscows&ie=utf-8&oe=utf-8#q=roscoe%27s+bbq

 
 
 
 
 
Comment by AbsoluteBeginner
Comment by Ben Jones
2015-07-20 08:17:02

‘Plated’s client base is smaller than that of Blue Apron — a similar startup also in New York that recently raised $135 million and shot to a $2 billion valuation.’

Comment by Rental Watch
2015-07-20 09:18:42

I tried Blue Apron (in an attempt to widen the range of things I’m cooking for the family).

I cancelled after 3 weeks.

The recipes were bland, and the produce seemed under-ripe.

One of my colleagues also cancelled. She said that people who don’t cook at all seem to like it the most.

I guess that’s a good thing if it gets more people to cook at home…however, they’d be better off just buying a few cookbooks, wander the produce isles and meat counter, and experimenting on their own.

 
 
 
Comment by Professor Bear
2015-07-20 08:39:25

Bidding wars are back at levels attracting MSM notice. I’m sure it’s different this time, but last time this was a sign a crash was close at hand.

Comment by Professor Bear
2015-07-20 09:10:00

U.S.
Bidding Wars Return to Home Market
This time, the battles are prompted by too few homes offered for sale, not easy-to-get mortgages
Bidding wars have returned to some metro areas as the housing market remains tight. Above, Windsor, Calif., north of Santa Rosa. Photo: George Rose/Getty Images
By Kris Hudson
July 19, 2015 8:07 p.m. ET

Christina and Kevin Dirks have been searching for a house in the Denver area for four months at prices up to $275,000. They made offers on six homes—and were outbid on each one.

“When we first started looking, you had to pay $10,000 over” list price to win the bidding, Ms. Dirks said. “Then, as the weeks went by, it went up to $20,000. And now it’s up to $30,000 and $40,000.”

 
 
Comment by rj chicago
2015-07-20 08:44:56

Eventually your sin will find you out…..
How can anyone in this day and age be THIS STUPID!!!!

http://www.zerohedge.com/news/2015-07-20/ashley-madison-hacked-americas-37-million-cheaters-about-be-exposed

Comment by Goon
2015-07-20 09:13:24

your sin

Why pay money for an adultery dating website when you can hook up with frustrated married women you knew in high school and college on Facebook for free?

Comment by In Colorado
2015-07-20 09:53:32

Because their husbands might own firearms?

 
 
 
Comment by WPA
2015-07-20 09:21:45

#BlackLivesMatter vs. Bernie Sanders

It seems the “racial justice” faction isn’t happy that Sanders believes that more jobs and reducing income inequality is the best path for improving the lives of all lower income people, including black folk. This isn’t good enough for the “racial justice” people, who want special attention regardless of the economics.

Sheesh. Don’t bite the hand that feeds you.

http://www.vox.com/2015/7/20/9001639/bernie-sanders-black-lives-matter

Comment by Goon
2015-07-20 09:58:19

From the New York Times (real journalists) two months ago:

http://www.nytimes.com/2015/05/10/magazine/our-demand-is-simple-stop-killing-us.html

 
 
Comment by Goon
2015-07-20 11:07:17

Scott Walker wants to invade Iran on his first day in office as president, LOLZ

http://www.bloomberg.com/politics/articles/2015-07-20/walker-says-iran-military-action-could-begin-on-his-inauguration

No “smaller government” or “lower taxes” happening here

Comment by Califoh20
2015-07-20 11:22:21

I wish the GOP would stop spending my grand-kids $$. What ever happened to smaller gov and less spending?

Is Rand Paul the only one who is a conservative?

Comment by Neuromance
2015-07-20 19:05:04

“Don’t be fatuous, Jeffrey.” (NSFW)

Democrats do the same too. This is an important point. Reference Ben’s and Oxide’s exchange above:

oxide: Everyone wants to to do the spendy part of Keynes and nobody wants to do the savey part of Kenyes.

Ben Jones: Yeah, it doesn’t work in the real world.

They reason both sides do the same is because spending public money is the source of their power and the key to their post-government-service financial security.

It would require a government of selfless statesmen to work beyond their personal interest. The Founders knew human nature 230 years ago, and it has not changed in the interim. They put in checks and balances.

So - no - if faced with the choice of saving or spending themselves into hyperinflation, they will choose the latter.

The only time they will stop is when it is in their interest to stop.

Comment by Califoh20
2015-07-20 19:24:02

but DEMS have the reputation of being spenders

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Comment by Califoh20
2015-07-20 13:06:49

Does anyone here have an EU passport as well as USA? I can get one through Spain through my mom being from the Pyrenees, what is the benefit?

Comment by In Colorado
2015-07-20 13:37:26

I don’t but my wife and kids do. The benefit is that you can work in the EU. Your US passport can gain you instant entry as a tourist in western Europe, but to move there you would need to apply for an immigrant visa, and they can next to impossible to get without a corporate sponsor.

 
 
Comment by rj chicago
2015-07-20 14:00:36

First rule when you are in a hole - stop digging…..
Chicago has not learned the first rule and continues to dig.
Don’t move here - not only will you not like it - you will pay for it with increasing taxes over time. Get me outta here please God!!! PLEASE!!!

Cash-strapped Chicago schools propose $1.16 bln more debt
Reuters 7/20/2015 3:53 PM ET
Print Article
CHICAGO, July 20 (Reuters) - Chicago Public Schools on Monday proposed selling up to $1.16 billion of bonds despite the district’s falling credit ratings, big budget deficit and lack of an approved plan to ease escalating pension costs.

The board of education for the nation’s third-largest public school system will vote on the general obligation bonds at its meeting on Wednesday.

Proceeds would be used to improve school facilities, refund outstanding bonds, and pay banks to terminate swaps used to hedge interest-rate risk on variable-rate debt, according to documents posted on the CPS website.

CPS representatives did not immediately respond to questions about the swaps and other details about the proposed bonds.

Downgrades by Moody’s Investors Service and Fitch Ratings in March triggered about $228 million in termination payments by CPS to bank swap counterparties. Moody’s cut the district’s rating to junk in May. Earlier this month, Standard & Poor’s dropped its rating two notches to BBB, while warning another downgrade could come without a “credible” fiscal 2016 budget.

School officials have not yet unveiled a complete budget, announcing last week the spending plan will rely on $500 million in pension savings that have yet to be enacted by the Illinois Legislature and will incorporate a $106 million cut in state funding.

CPS has projected a $1.1 billion deficit in its fiscal 2016 budget, largely because of an approximately $675 million pension payment.

The school system made its $634 million fiscal 2015 pension payment to the Chicago teachers’ retirement system on June 30 by tapping borrowed money, including $200 million of tax anticipation notes and spending cuts.

The school board last month approved those notes, as well as up to $935 million of notes in anticipation of the district’s 2015 property tax revenue. Debt sales by the district in March and May resulted in hefty yields.

(Reporting by Karen Pierog; Editing by Richard Chang)

 
Comment by AbsoluteBeginner
 
Comment by inchbyinch
2015-07-20 16:31:39

I while ago, our circle of friends, both liberals and conservatives, decided we had less time in front of us, then behind us, and decided to be a-political. Everybody just doesn’t give a *hit, and we’re all happier. Amen to not fretting over what you can’t change. ALEC is still a fun topic.

Comment by Raymond K Hessel
2015-07-20 18:50:25

You must be Boomers. Having left a collosial mess for future generations, you then blithely decide to become “a-political” and wash your hands, Pontius Pilate-like, of what you’ve created. Karma is coming, and it’s going to be a bitch.

 
 
Comment by phony scandals
2015-07-20 17:30:13

Remember the outrage from 3:04 of this video?

Chris Rock about John McCain Barack Obama and Flava Flav …
http://www.youtube.com/watch?v=13Uc-_U_eyA - 144k - Cached - Similar pages
Oct 22, 2012 .

Comment by phony scandals
2015-07-20 17:34:45

2:55 is a better time to start watching

 
Comment by Raymond K Hessel
2015-07-20 17:38:37

I like the outrage in this video - an epic rant delivered by a 22-year-old super-hottie news anchor, one of the very few who isn’t a flaming lib-tard evidently.

http://www.westernjournalism.com/watch-news-anchor-gets-fed-up-with-obama-and-says-what-everyones-been-thinking-in-epic-rant/?utm_source=Facebook&utm_medium=TPNNPages&utm_content=2015-07-20

Comment by MightyMike
2015-07-20 17:55:49

She certainly is attractive. It’s best to turn the sound off when watching that one. I stopped listening when she started talking about bombing a desert. It reminded of G. W. Bush with his megaphone at the WTC a few days after 9/11. He said, “I can hear you, the rest of the world can hear you and the people who knocked these buildings down will hear all of us soon.” That didn’t work out too well.

Comment by rms
2015-07-20 18:27:00

“She certainly is attractive.”

She talks it up like a blonde Ayn Rand. Sarah Palin move over… you’re finished.

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Comment by Raymond K Hessel
2015-07-20 18:43:15

Sarah Palin was always an idiot and a fraud. This one’s got some actual fire, though her carpet-bombing solutions maybe aren’t the way to go.

 
 
Comment by phony scandals
2015-07-20 18:44:00

Did you see the Obama voters from 2:55 - 3:55 of the Chris Rock video?

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Comment by MightyMike
2015-07-20 18:55:43

Did you watch a Chris Rock video mixed together with something from Mark Dice?

 
Comment by phony scandals
2015-07-20 19:17:32

Huma, was it Huma?

 
 
Comment by Califoh20
2015-07-20 19:25:19

BUSH missed the Saudi target and hit Iraq.

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Comment by phony scandals
2015-07-20 19:21:03

“Climate change didn’t kill them. “Lack of free community college didn’t kill them. The income gap, wage inequality — nope, not those things either. Gay marriage? Nope. Oh, white racism? Not that either. So what did?”

And she’s hot.

 
 
 
Comment by Raymond K Hessel
2015-07-20 18:45:23

Obama intends to use his creepy new databases to push a social engineering agenda. More creepiness from the Great Divider.

http://nypost.com/2015/07/18/obama-has-been-collecting-personal-data-for-a-secret-race-database/

Comment by rms
2015-07-20 19:16:42

“Federally funded cities deemed overly segregated will be pressured to change their zoning laws to allow construction of more subsidized housing in affluent areas in the suburbs, and relocate inner-city minorities to those predominantly white areas.”

Certain to crush housing value.

 
 
Comment by Raymond K Hessel
2015-07-20 18:48:03

China has a lot further to fall, but the government manipulation being brought to bear to prop up the market is nothing short of epic. But one of these days all the rigging and manipulation will be for naught as the panic selling resumes.

http://www.marketwatch.com/investing/index/shcomp?countrycode=cn&mod=MW_story_quote

Comment by Ben Jones
2015-07-20 19:00:02

That was a sharp spike down at the open. Straight down.

 
 
Comment by Selfish Hoarder
 
Comment by Raymond K Hessel
2015-07-20 20:02:36

Classic socialism. Expropriate the fruits of the productive by coercion, then “redistribute” them to the ingrate Free Sh*t Army in exchange for their votes.

http://news.yahoo.com/venezuela-orders-producers-divert-food-state-stores-204915782.html

 
Comment by Prime_Is_Contained
2015-07-20 20:10:58

Strange but true (and definitely giving me flashbacks to 2005):

There was an email thread among a bunch of neighbors on my block today; they were commiserating about their various real-estate assessments that they just received in the mail.

There was definitely an overtone of shock at how much their taxes had gone up (and some discussion of whether or not to appeal the assessment), but underneath that ran an undercurrent of “OMG–my house went up $100K this year???”.

I kid you not.

 
Comment by phony scandals
2015-07-21 07:04:01

Q

 
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