September 20, 2015

Bits Bucket for September 20, 2015

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Comment by Professor Bear
2015-09-20 00:57:36

CR8R

Comment by Professor Bear
2015-09-20 04:27:10

BloombergBusiness
Saudi Stocks Drop Most in Mideast as Fed Stirs Growth Concerns
Daria Solovieva, Ahmed A Namatalla, Shoshanna Solomon
September 19, 2015 — 11:29 PM PDT
Updated on September 20, 2015 — 3:51 AM PDT
- Banks lead decline as bets on Fed rate increase lose
- Saudi stock index poised for seventh day of declines

Saudi Arabian equities fell the most in the Middle East after the Federal Reserve’s decision to keep interest rates unchanged sparked concern over global growth and the price of oil capped its third week of losses.

The Tadawul All Share Index retreated 1.3 percent to 7,373.27 as of 1:30 p.m. in Riyadh, poised for a seventh day of losses. Banks made up four out of the top five contributers to the decline. Abu Dhabi’s ADX General Index advanced 0.6 percent. The Bloomberg GCC 200 Index, made up of the biggest and most liquid shares in the six-nation Gulf Cooperation Council, slipped 0.5 percent.

Stock markets across the U.S. declined after Fed policy makers sounded caution over slowing growth in China, leaving the possibility open for near-zero interest rates through this year. The Fed’s warnings also spurred a 3.3 percent retreat in Brent crude prices on Friday on concern demand for oil could slump amid a supply glut. For economies in the six-nation Gulf Cooperation Council, home to about 30 percent of the world’s proven crude reserves, lower prices lead to a drop in government revenue.

“Some investors have taken bets anticipating the Fed rate increase” by buying shares in Saudi Banks before last week’s decision, said Sebastien Henin, the head of asset management at The National Investor in Abu Dhabi. “That’s why these names are under pressure today in Saudi Arabia.”

Comment by CalifoH20
2015-09-20 12:33:46

This makes the Bush Family very sad. ;)

 
 
Comment by Professor Bear
2015-09-20 04:39:14

CNBC
Market fear rises after Fed non-move
Alex Rosenberg
Fri, 18 Sep ‘15 | 12:43 PM ETCNBC.com

Green light for stocks?

So much for a relief rally.

Stocks spiked in the hour after the Federal Reserve announced its intention to keep the key federal funds rate at rock-bottom levels for another month at least. But markets soon beat a speedy retreat, and opened Friday significantly lower.

Perhaps even more telling is the action in the CBOE Volatility Index, which measures the prices of options on the S&P 500 and hence the magnitude of expected moves in stocks. It is often known as the market’s “fear gauge,” because it will rise as investors pay more to hedge their market exposure.

This index, the VIX, opened Friday 7 percent higher than where it opened Thursday.

Since the VIX is itself highly volatile, that’s not actually as large a move as it may sound. But the fact that the index is up should be kind of striking.

After all, this Fed announcement was widely considered to be the most anxiety-provoking event markets have had to contend with in months. And Thursday, the central bank chose to not only keep rates ultralow, but also to release a statement that didn’t point to an imminent hike ahead. That might have been expected to calm investors.

Instead, the price of protection is rising a bit as the market drops, reflecting the typical inverse relationship between the two. And the VIX is back above its long-term average level of 20, after briefly dipping below it Thursday.

In other words, equity investors are not reassured, and the recent spate of market fear has not dissipated. Traders continue to seek protection, with nearly two puts trading for each call on Friday morning.

It has frequently been quipped that for investors, an accommodative Fed policy is like owning a “put” under the market, meaning that it protects them against losses at some market level. The thinking is that the Fed will only allow stocks to fall so far.

But on Friday, traders are instead buying puts of their own.

Comment by The Selfish Hoarder
2015-09-20 13:38:53

“Green light for stocks?”

No. Green light for American empire, April Glaspie’s meeting with Saddam a week before he invaded Kuwait.

American empire, 24 years long in the tooth. Not coincidentally America’s standard of living went down the terlet during those years. I will exchange my internet, cell phones, etc. for going back to pre-Saddam invasion 1 if we could restore our liberty. There was. Supposedly a BRAC, but while it was advertised as a peace dividend the behind the scenes George H Bush, Bill Kristol, Jeb Bush, and their imperialistic cronies were planning global wars at the expense of the standard of living of everyone not working in the defense industry.

Comment by rms
2015-09-20 20:59:08

“…if we could restore our liberty.”

American liberty is a radical concept hastily discarded for the eternal crusade of Christianity v. Islam v. Judaism. We could better expend our resources on research of the solar system.

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Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 14:34:23

It’s pretty surreal to see stocks going down because the Federal Reserve did not raise rates. Either that, or the stock market has become disconnected from the Federal Reserve.

Comment by Raymond K Hessel
2015-09-20 16:13:52

The stock market has become so rigged and manipulated it bears no resemblance to an actual free market moved by fundamentals. The Fed’s incessant jawboning about raising rates, to be followed (as I predicted all along) by continued ZIRP, and a soon-to-be-announced new round of QE, has totally unmasked the Fed for the fraud that it is. I suspect the insiders are exiting the pump & dump en masse, and that is causing the margin calls to start going out. The retail investors will panic last, and they’ll be left holding the bag when the Ponzi markets implode.

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Comment by Professor Bear
2015-09-20 04:47:41

Global markets unconvinced by Fed inaction
Jenny Cosgrave | Nyshka Chandran
Fri, 18 Sep ‘15 | 9:59 AM ET
CNBC.com

If the Federal Reserve hoped its decision to keep interest rates steady on Thursday would soothe frayed nerves at home and overseas, it’s likely to be disappointed.

While a delay in a rate rise on paper should help support risk assets, markets were left wanting after Fed Chair Janet Yellen’s statement, which did little to offset investor uncertainty or encourage on the health of the domestic U.S. economy.

The U.S. Federal Reserve cited concerns over the global economy and financial market volatility among the factors that played a role in keeping interest rates near zero.

Europe’s markets slumped on Friday following a sell off in Japanese stocks and average gains in Asia. The EuroStoxx 600 traded over 2 percent lower. French and German stocks both tumbled in excess of 3 percent in the afternoon trading in the aftermath of the Fed’s decision to hold rates.

U.S. stocks followed suit, plunging more than 1 percent pressured by concerns over the implications of the Federal Reserve’s decision to leave short-term interest rates unchanged.

“If the Federal Open Market Committee’s objective was to convey confusion, it has succeeded, thereby ploughing a deep furrow of instability and destabilization, and shining a very bright light on the large debt and liquidity trap it and other G7 central banks have spent seven years crafting,” said Marc Ostwald, strategist at ADM Investors Services.

Comment by Raymond K Hessel
2015-09-20 07:11:01

Honest price discovery is going to be a b*tch as worldwide Ponzi markets and asset bubbles implode.

 
Comment by The Order Of The Golden Chainsaw
2015-09-20 08:19:30

It’s just one day. Stocks will go 2% or higher this week.

Comment by MacBeth
2015-09-20 08:52:46

I’m pleased I don’t sweat daily variation in stocks or anything else.

No ulcers here.

I can only imagine what it’s like to be on pins and needles every day of your life. No thanks.

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Comment by taxpayers
2015-09-20 04:09:27

Any local predictions?
In n va we’re going down 1% and 2% if the raise ‘re taxes more than 6%

 
Comment by Senior Housing Analyst
2015-09-20 04:20:21

Robert Shiller: “Don’t Invest in Housing, Houses Depreciate”

http://www.pragcap.com/robert-shiller-dont-invest-in-housing/

Comment by The Selfish Hoarder
2015-09-20 13:41:05

Bill in L.A. method: simplify, liquefy. There will be a lot of kicking and screaming as assets deflate and prices return to 1991 levels.

 
 
Comment by Professor Bear
2015-09-20 04:52:17

Did China growth concerns just show up last week on the Fed’s radar?

Comment by Professor Bear
2015-09-20 04:58:56

Fed Focus
Janet Yellen invokes China 16 times in 1 hour
By Patrick Gillespie and Heather Long @CNNMoney
The Fed’s global woes
China is spooking the almighty U.S. central bank — and investors.

Federal Reserve chief Janet Yellen mentioned the word China six times and “global” (read: China) 10 times in her press conference Thursday. It’s is a big change for the Fed, which barely talked about global worries before.

“Heightened concerns about growth in China and other emerging market economies have led to notable volatility in financial markets,” Yellen said.

The fears were strong enough for the Fed to leave its benchmark interest rate at 0%, where it’s been since the depths of the financial crisis in 2008. It wants more time to see how the global headwinds abroad play out at home.

Investors are now even more worried about the global gloom. Stock markets around the world tumbled Friday.

“The situation abroad bears close watching,” Yellen said, referring to events in China that precipitated a dramatic correction in many global stock markets including the U.S., along with the Dow’s 1,000-point plunge on August 24

It’s no secret that China’s economy is slowing. The question is how much it will impact the rest of the world, including the United States.

“The outlook abroad appears to have become more uncertain,” Yellen said. She later added: “The question is whether or not there might be a risk of a more abrupt slowdown.”

This is a pronounced shift for the Federal Reserve, which has mostly been stressing for the past year that it sees very solid improvement in the U.S. economy — so much so that it has signaled numerous times that it will likely raise rates in 2015 for the first time in about a decade.

That’s a big question mark now.

If there’s so much uncertainty in raising rates now, is it really likely to be any clearer in October or December?

America’s trade with China accounts for less than 1% of GDP. But when you factor in what’s happening around the world, it becomes more alarming.

Canada, a major U.S. trading partner, is already in a recession, largely because China is no longer buying commodities like it once did. Many emerging markets like Brazil are also struggling for the same reason.

Comment by azdude
2015-09-20 05:09:29

Keeping interest rates low basically rob savers and reward deficit spending and allow corporations to float bonds so they can buyback stock.Thus the executives get huge paydays and have money to throw at elections.

Comment by Raymond K Hessel
2015-09-20 07:12:15

+1. ZIRP and QE are massive frauds against the 99%, yet the sheeple continue to vote overwhelmingly for their own financial destruction.

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Comment by Combotechie
2015-09-20 05:11:06

Many jokes have two parts: First, there is the set up …

“This is a pronounced shift for the Federal Reserve, which has mostly been stressing for the past year that it sees very solid improvement in the U.S. economy …”

… then comes the punch line:

” … so much so that it has signaled numerous times that it will likely raise rates in 2015 for the first time in about a decade.”

Comment by Combotechie
2015-09-20 05:14:27

Some posts need to come with an audible laugh track.

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Comment by Professor Bear
2015-09-20 05:30:15

The variety of distictly different ways to communicate that rates will remain at zero until further notice is quite amazing.

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Comment by Professor Bear
2015-09-20 05:32:43

distinctly (that typo is a sign that it is time to end this bout of insomnia and head back to bed)

 
 
 
 
Comment by Professor Bear
2015-09-20 05:26:56

BloombergBusiness
China Stocks Cap Biggest Weekly Loss This Month as Volumes Slump
Bloomberg News
September 17, 2015 — 6:29 PM PDT
Updated on September 18, 2015 — 1:48 AM PDT

China’s stocks capped their steepest weekly loss this month as turnover shrank amid growing concern government measures to support the world’s second-largest equity market and economy are failing.

The Shanghai Composite Index dropped 3.2 percent this week, led by technology companies and commodity producers. The gauge rose 0.4 percent to 3,097.92 at the close on Friday, spurred by gains for property developers. Trading volumes were 45 percent below the 30-day average, while a gauge of 100-day volatility climbed to an 18-year high this week.

“The market has no confidence and no fresh money wants to pile in,” said Wang Zheng, the Shanghai-based chief investment officer at Jingxi Investment Management Co. “The economy is very weak.”

Data this month showed five interest-rate cuts since November and plans to boost state spending have yet to revive an economy weighed down by overcapacity and producer-price deflation. The government has spent $246 billion purchasing equities since the $5 trillion selloff began three months ago through August, according to Goldman Sachs Group Inc.

The Hang Seng China Enterprises Index rose 0.6 percent in Hong Kong, extending an advance this week to 3.2 percent, while the Hang Seng Index added 0.3 percent. The CSI 300 Index gained 0.4 percent.

Margin Trades

The Shanghai Composite has tumbled 40 percent from its June high as leveraged investors fled amid concerns valuations weren’t justified given the growth outlook. Equities on mainland bourses trade at a median 47 times reported earnings. That’s the highest among the 10 largest markets and more than twice the 18 multiple for the Standard & Poor’s 500 Index. The Shanghai Composite, where low-priced banks have some of the biggest weightings, has a ratio of 15.

A gauge of technology shares in the CSI 300 climbed 2.2 percent on Friday, paring this week’s loss to 7 percent. Glodon Software Co. dropped 2.9 percent, extending a five-day slump to 21 percent. Yunnan Copper Co. dropped by the 10 percent daily limit, completing a 33 percent plunge this week.

Margin traders increased holdings of shares purchased with borrowed money for a second day on Thursday, with the outstanding balance of margin debt on the Shanghai Stock Exchange rising to 590.5 billion yuan ($92.8 billion).

In a statement posted on the official microblog, the China Securities Regulatory Commission called for careful screening of non-compliant margin-funding accounts. Local securities regulators should screen and identify unregulated margin-trading accounts carefully, the CSRC said, adding that it will continue to clean up illegal securities businesses.

 
 
Comment by Professor Bear
2015-09-20 05:06:59

Is it time to abandon stocks when the trend is no longer your friend?

Comment by Professor Bear
2015-09-20 05:10:17

Marketwatch dot com
The Tell
Occam’s razor says the stock market is in a downtrend
By Tomi Kilgore
Published: Sept 18, 2015 4:12 p.m. ET
The S&P 500 fell below a long-term trendline, meaning the uptrend is no longer investors’ friend.
Occam’s razor

Investors can forget the “death cross,” “bearish divergences” and “symmetrical triangles,” and what the Federal Reserve says it will do about interest rates, and just focus on Occam’s razor: The S&P 500 abandoned its long-term uptrend in late August, meaning it is now in a downtrend.

Occam’s razor is the philosophical principle that suggests, all things being equal, the simplest explanation tends to be the right one.

One of the most elementary trading maxims on Wall Street is “the trend is your friend.” That’s basically what all the short-term technical patterns, economic data and earnings reports are used for, to determine which direction the longer-term trend is heading, and whether it’s about to change.

Once that trend is determined, a tenet of the century-old Dow Theory of market analysis says it is assumed to remain in effect, until it gives definite signals that it has reversed, according to the Market Technicians Associations knowledge base. In other words, the trend is your friend, until it isn’t.

After cutting through all the noise, a trendline is probably the best chart pattern to determine the trend, as it is also the simplest. And the simplest way to tell if a trend has reversed, is if the trendline breaks.
Based on Occam’s razor, the four-year uptrend is over

The S&P 500 (SPX, -1.62%) had been riding a strong weekly uptrend, defined by the trendline connecting the bottom of the last correction in October 2011 with the bottom of the November 2012 pullback and the October 2014 low. The S&P 500 fell below that line in late August, meaning the uptrend flipped to a downtrend.

Based on the Occam’s razor principle, the uptrend was the friend of investors for four years, but now it isn’t.

 
Comment by Raymond K Hessel
2015-09-20 07:13:22

He who panics first, panics best in a market meltdown.

Comment by Prime_Is_Contained
2015-09-20 10:05:55

I dunno about that–I panicked almost a decade ago. It worked out poorly for about a year, then worked incredibly well, then not so well again since about when I decided not to attempt to front-run the Fed (with images of Pamplona running through my mind).

Comment by Neuromance
2015-09-20 16:04:54

In order to effectively front-run the Fed, one would need some former high level Fed staffers in your employ.

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Comment by Raymond K Hessel
2015-09-20 16:16:06

I wonder how much the Fed’s insider cronies made from currency manipulation as the various Fed mouthpieces repeatedly talked up the possibility of a rate hike, when they knew full well no such thing was possible.

 
 
 
 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 14:52:02

Poor stocks. Poor, poor stocks.

Comment by Mafia Blocks
2015-09-20 15:25:42

:mrgreen:

 
 
 
Comment by The Order Of The Golden Chainsaw
2015-09-20 05:35:51

Why would anyone listen to Mr Yelling is beyond me.

Comment by azdude
2015-09-20 05:48:14

If the bonds used as collateral for all the derivitive trades crater in value all hell will break loose. The bond bubble is the most important to protect.

The only way rates will ever go up is if the treasury market dictates it.

Comment by Prime_Is_Contained
2015-09-20 10:08:08

If the bonds used as collateral for all the derivitive trades crater in value all hell will break loose.

I think you have that backwards: if all hell were to break loose over the derivatives trades, the resulting stampeded into Treasuries would support, and in fact increase the intensity of the bond bubble.

Comment by WPA
2015-09-20 10:45:03

You have it right Prime. We saw this on China’s crash day last month when money poured into Treasuries. The 10-year briefly dived under 2% on that day, when it had been around 2.2%.

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Comment by Raymond K Hessel
2015-09-20 07:18:28

Sometimes a lie reveals more than the truth. The Fed, as the Oligopoly’s chosen instrument of plundering the 99%, has no better tools for this task than ZIRP and QE-to-Infinity. With each new FOMC meeting the fiction that the Fed is somehow committed to responsible monetary policy in the public interest wears thinner, even for the retards who persist in voting for Oligopoly-annointed candidates who are accomplices and enablers of the Wall Street-Federal Reserve Looting Syndicate. The Fed’s inventive excuses for not raising rates (screwing over savers and pensioners) and, soon, for negative interest rates (NIRP) and another counterfeiting binge, aka more “stimulus,” may fool the stupid (the vast majority of ‘Muricans) but not the people with their eyes open.

 
 
Comment by azdude
2015-09-20 05:57:20

“In the past, a dovish Fed would predictably bolster “risk-on” throughout U.S. and global markets. Times have changed. As we saw this week, an Ultra-Dovish Fed actually exacerbates market uncertainty. The global leveraged speculating community is these days Crowded in long dollar trades. Federal Reserve dovishness – and resulting pressure on the dollar - thus risks reinforcing “risk off” de-risking/de-leveraging. In particular, the yen popped on the Fed announcement, immediately adding pressure on already vulnerable yen “carry trades” (short/borrow in yen to finance higher-yielding trades in other currencies). While EM currencies generally enjoyed small bounces (likely short covering) this week, for the most part EM equities traded poorly post-Fed. European equities were hit hard, while the region’s bonds benefited from the prospect of more aggressive ECB QE.”

http://www.zerohedge.com/news/2015-09-19/central-banks-have-shot-their-wad-market-deck-has-been-reshuffled

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 14:56:26

Or maybe the price is just too durned high. Is it possible that stocks are losing value because they were overpriced for a long time?

 
 
Comment by phony scandals
2015-09-20 06:19:34

Hey Ahmed, You Didn’t Build That! Muslim Teen’s Digital Clock “Invention”

Today’s News September 19, 2015

Sorry Ahmed, your credibility has been shattered by the reverse engineering of your (in your own words) “invention“.

Taking the guts out of an already existing digital clock commercially produced by Radio Shack and putting them into a briefcase like pencil case does not an invention make.

Figuratively speaking, your briefcase clock invention scheme has blown up in your face. Which begs the question; what else are you and your family hiding?

Anthony at Art Voice breaks it down:

I found the highest resolution photograph of the clock I could. Instantly, I was disappointed. Somewhere in all of this – there has indeed been a hoax. Ahmed Mohamed didn’t invent his own alarm clock. He didn’t even build a clock. Now, before I go on and get accused of attacking a 14 year old kid who’s already been through enough, let me explain my purpose. I don’t want to just dissect the clock. I want to dissect our reaction as a society to the situation. ….
……
So I turned to eBay, searching for vintage alarm clocks. It only took a minute to locate Ahmed’s clock. See this eBay listing, up at the time of this writing. Amhed’s clock was invented, and built, by Micronta, a Radio Shack subsidary. Catalog number 63 756.

The shape and design is a dead give away. The large screen. The buttons on the front laid out horizontally would have been on a separate board – a large snooze button, four control buttons, and two switches to turn the alarm on and off, and choose two brightness levels. A second board inside would have contained the actual “brains” of the unit. The clock features a 9v battery back-up, and a switch on the rear allows the owner to choose between 12 and 24 hour time. (Features like a battery back-up, and a 24 hour time selection seems awful superfluous for a hobby project, don’t you think?) Oh, and about that “M” logo on the circuit board mentioned above? Micronta.

So there you have it folks, Ahmed Mohamad did not invent, nor build a clock. He took apart an existing clock, and transplanted the guts into a pencil box, and claimed it was his own creation. It all seems really fishy to me.

Much more here.

libertynews.com/…/ - 275k -

Comment by phony scandals
2015-09-20 06:42:34

#IStandWith Radio Shack

Comment by Prime_Is_Contained
2015-09-20 10:19:40

No one seems to have considered that the kid may have disassembled a full clock in order to get access to cheaper components for building his own clock; try pricing a large LED display, and you’ll find that it is more expensive than the clock that he pulled it out of. Welcome to the miracle of modern manufacturing.

Comment by redmondjp
2015-09-20 12:28:04

Nonetheless, he still didn’t build that. He probably doesn’t even have the slightest idea how it works.

I grew up in the era in which kids actually built stuff. I made a crystal radio when I was 5 (yes, from a kit). You could order a 25″ TV kit from Heathkit and fully assemble it.

Today’s kids load an app, or add a memory card to their laptop, and say “Mom, I built a computer!”

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Comment by Oddfellow
2015-09-20 06:47:05

If it was all a set-up, hoping to make a propaganda point in the worldwide news about a Muslim kid in the US getting in trouble for making a science project, think about how well Obama spun it all in our favor. Now we’ve got the president of the US celebrating this Muslim kid in the worldwide news.

Is Obummer the real chess master?

Comment by In Colorado
2015-09-20 07:21:53

More likely that he simply took advantage of the moment for the opportunity to appeal to the Muslim world, which distrusts him as much as we do.

Comment by Oddfellow
2015-09-20 07:25:23

Taking advantage of the moment is what chess masters do. Especially when it allows them to completely overturn their opponent’s strategy, if indeed there was one.

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Comment by Blue Skye
2015-09-20 07:44:34

“what chess masters do”

Apparently you are not an accomplished chess player. It is the fool who takes immediate opportunity without considering the following implications. This is lack of insight.

 
Comment by CountryClubberLang
2015-09-20 07:46:18

Not very masterful when it turns out this whole clock thing was a deliberate attempt to bring a hoax bomb into the school because they hate America. It has the potential to blow up in his face, pun intended.

 
Comment by Oddfellow
2015-09-20 07:47:12

What are the following implications? Other than good PR in the muslim world? And riling up the rubes at home, whose support he never had and doesn’t need.

 
Comment by CountryClubberLang
2015-09-20 10:07:53

More support for Trump as more political correctness (oh Muslims are a misunderstood religion of peace) is exposed.

 
Comment by Oddfellow
2015-09-20 10:40:59

Did you miss my point about Obummer never having nor needing the rubes’ support?

 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 15:03:38

I haven’t followed this story closely. Did he invent the clock, or did he invent a certain new feature of the clock?

 
 
 
Comment by Raymond K Hessel
2015-09-20 07:25:52

The “Muslim victim of discrimination and hysteria” meme is falling apart as the facts of the case come out.

http://nypost.com/2015/09/19/how-ahmeds-clock-became-a-false-convenient-tale-of-racism/

Comment by Oddfellow
2015-09-20 07:33:04

“Why doesn’t this white kid who got suspended get a White House invite?”

What a bunch of rubes. They don’t understand chess.

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Comment by MightyMike
2015-09-20 13:47:57

I don’t think that any of the people that the writer rails against - Obama, Clinton or Zuckerberg - made an explicit claim of discrimination in this case.

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Comment by MightyMike
2015-09-20 13:55:23

more nonsense form that article:

For 14 years and two weeks now, the left has been desperate to find some evidence, any evidence, that Muslims in general are facing deep-seated discrimination because a few Muslims attacked us on 9/11.

The writer himself presents no evidence that the left has been trying to do any such thing.

That American Muslims have instead mostly been treated with respect and courtesy ought to be a point of pride, but at no point will the left ever say, “Isn’t it great that we’re such a pluralistic and tolerant country?”

Does the right ever say how wonderful it is that we’re a pluralistic country? Pluralism is more or less multiculturalism.

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Comment by phony scandals
2015-09-20 07:28:22

“Is Obummer the real chess master?”

He does have a lot of Useful idiots to move around the board.

Useful idiot

From Wikipedia

In political jargon, useful idiot is a term for people perceived as propagandists for a cause whose goals they are not fully aware of, and who are used cynically by the leaders of the cause.

The term has been pejoratively used in the West for fellow travellers and other revolutionary communist sympathizers during the Cold War. The underlying accusation was that, despite the people in question thinking of themselves as standing for a benign socialist ideological cause, and as valued allies of the Soviet Union; they were actually held in contempt and were being cynically used by the Soviets for political purposes. The use of the term in political discourse has since been extended to other alleged propagandists, especially those who are seen to unwittingly support a supposedly malignant cause which they believe to be a just one.[7]

Comment by Raymond K Hessel
2015-09-20 07:41:39

Soros is the chess master. Obama is the pawn.

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Comment by Combotechie
2015-09-20 07:47:22

Wiki says this about the term “pawn”:

“Although the name origin of most other chess pieces is obvious, the etymology of pawn is fairly obscure. It is derived from the Old French word paon, which comes from the Medieval Latin term for foot soldier and is cognate with peon.

“Pawn is often taken to mean “one who is easily manipulated” or “one who is sacrificed for a larger purpose”. Because the pawn is the weakest piece, it is often used metaphorically to indicate unimportance or outright disposability, for example, ‘She’s only a pawn in their game.’”

 
Comment by Oddfellow
2015-09-20 07:56:58

The pawn in this tale would be the kid. His father was attempting to use him to portray the US as prejudiced against muslims, but Obummer took control of the pawn and perfectly reversed the situation, celebrating the kid as one of America’s finest.

Checkmate in one move. By a chess master.

 
Comment by palmetto
2015-09-20 08:00:38

“Checkmate in one move. By a chess master.”

I thought you didn’t like Putin.

 
Comment by The Order Of The Golden Chainsaw
2015-09-20 08:11:45

The father is an idiot. Of course us is prejudiced against muslims. No reason to prove the obvious.

 
Comment by Raymond K Hessel
2015-09-20 08:35:31

The logical contortions you lib-tards come up with to rationalize your illogical worldviews beggar belief.

 
Comment by Oddfellow
2015-09-20 10:02:08

“Chess master” Putin is busy getting to know his Syrian tar baby.

 
Comment by CountryClubberLang
2015-09-20 10:12:00

“Checkmate in one move. By a chess master.”

This is one of the most deluded things I’ve read in a long time.

 
Comment by The Order Of The Golden Chainsaw
2015-09-20 10:19:38

Syrian tar baby.

Someone’s a racist here.

 
Comment by Oddfellow
2015-09-20 10:34:08

This is one of the most deluded things I’ve read in a long time.

Pretty cool, eh? I’ve got more.

 
Comment by WPA
2015-09-20 10:48:51

“Checkmate in one move. By a chess master.”

This is one of the most deluded things I’ve read in a long time.

I guess you’ve forgotten how, more than once, Cruz and his band of merry men took the bait on government shutdown/showdown votes and got hit with a surprise 1-2 combo by Reid and Obama at the end.

 
Comment by Oddfellow
2015-09-20 10:55:16

He’s a black muslim from Kenya who became a two-term US president. Now he’s going to retire to Magnum’s beach house in Hawaii, probably get a red Ferrari.

“Chess Master Checkmate” should be his Secret Service nickname.

 
Comment by redmondjp
2015-09-20 12:31:41

Yes, and here’s the inconvenient truth about those so-called Syrian refugees - most of them aren’t even from Syria:

http://www.dailymail.co.uk/news/article-3240010/Number-refugees-arriving-Europe-soars-85-year-just-one-five-war-torn-Syria.html

Jihad; coming soon to a country near you.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 15:15:21

Can’t you guys see that WeirdMan is making fun of you? Everyone loves to blame Obama for everything that happens. He is twisting the logic around. If Obama is the one person who secretly has control of every little thing that happens in the world, then he’s an evil GENIUS!!!

 
Comment by phony scandals
2015-09-20 15:58:12

“Syrian tar baby.”

“Someone’s a racist here.”

When it comes to race–baiting, Oddfellow is the Master-baiter.

 
Comment by Oddfellow
 
Comment by rms
2015-09-20 21:14:01

“Chess master” Putin is busy getting to know his Syrian tar baby.

Indeed.
http://picpaste.com/obama-n-putin.jpg

 
 
 
 
Comment by CountryClubberLang
2015-09-20 06:57:43

So this is an interesting fact that, coupled with the kid’s dad being reported as a radical Muslim, and reports that the kid deliberately gave squirrely answers to authorities, it would lead some to conclude this was a setup, trolling for an overreaction.

Similarly, in the Phoenix Freeway shootings, new reports say the guy had anti-government propaganda and pro gun memes posted on his Facebook. This would lead some to conclude that surely he did it because he’s obviously a right wing antigovernment gun nut. (News reports also show him saying to the judge that he is the wrong guy and he pawned the gun 2 months ago when the shootings happened August 29 or so, and the guys felon father protesting his kids’ innocence also).

It’s not the same two groups supporting the cops here.

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 15:22:21

I thought they still hand’t identified the shooter with certainty. A cop on the radio just the other day said he doesn’t know why the shootings stopped, but they’re still remainin vigilant.

 
 
Comment by Raymond K Hessel
2015-09-20 07:19:44

More to this “clock” story than meets the eye.

http://www.breitbart.com/big-government/2015/09/18/real-story-istandwithahmed/

 
 
 
Comment by palmetto
2015-09-20 06:30:10

11 minute interview with Trump by a WSJ reporter. This is why I like him.

https://www.youtube.com/watch?v=NwIL6imI6EU&feature=youtu.be

No drugs, no alcohol, no ciggys. It’s almost Mormon, but I bet he likes caffeine.

Comment by The Order Of The Golden Chainsaw
2015-09-20 06:58:47

Did you get your trump stamp yet?

Comment by palmetto
2015-09-20 07:17:18

No, but I’m seriously considering buying one of those hats to wear to one of the charity flea market outlets here and see what the reaction is. My guess is that one of the old biddies who runs it will get all anxious and ask me to take it off so as not to offend their hispanic customers.

 
 
Comment by CountryClubberLang
2015-09-20 07:02:25

The real test of last weeks debate will be if it in any way moved the needle on Trump or the others in the polls. My guess is nothing has changed for Trump and nothing has changed for the establishment politicians that the buttered bread, quarter mile driveway Rockefeller Country Club Republicans want to shove down their party’s throat.

Comment by palmetto
2015-09-20 07:40:03

Bill Kristol hates Donald Trump and would consider a third party if Trump wins the Rep nom.

http://money.cnn.com/2015/09/14/media/bill-kristol-donald-trump/

That’s good enough for me, if Kristol hates him, it’s a good sign that Trump’s the man.

What I wouldn’t give to wipe that smug smirk off Kristol’s mug.

Comment by The Order Of The Golden Chainsaw
2015-09-20 07:57:35

Why do you lie BillyBoy? You are gonna vote for Hillary anyway if one of your stooges don’t get the nomination.

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Comment by palmetto
2015-09-20 08:06:29

Bwahahahahaha! Kristol says Trump “lost” him when he dissed McCain. What a joke. Trump never “had” Kristol in the first place. I guess Trump hasn’t been properly vetted by The Lobby.

Nice of Kristol to defend his water boy, though. I don’t suppose it would have anything to do with the involvement of the water boy’s father in the cover up of this little incident:

https://en.wikipedia.org/wiki/USS_Liberty_incident

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Comment by Raymond K Hessel
2015-09-20 08:37:09

+1. Kristol much prefers his housebroken Establishment GOP pets like Jeb, Walker, Cruz - the entire clown car for that matter.

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Comment by oxide
2015-09-20 11:53:41

Of course Kristol hates the Donald. Kristol operates best in the dark and smoke filled rooms, where no one can see the money being handed over. Trump likes to operate out in the sunlight… so everyone can see how awesome he is, of course. But that also takes him out of reach of Kristol.

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Comment by CalifoH20
2015-09-20 12:56:50

Lets vote for the biggest arse with the craziest ideas, cause it is fun to watch???

“Mexico will pay for the wall” 2016!

BIdden/Warren 2016 (cake walk)

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Comment by CountryClubberLang
2015-09-20 17:45:56

Please God let Joe Biden run.

 
 
 
Comment by AmazingRuss
2015-09-20 08:07:24

One thing loons don’t do is change their minds.

Comment by The Order Of The Golden Chainsaw
2015-09-20 08:54:52

Hillary foreva’ for you then, huh?

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Comment by AmazingRuss
2015-09-20 09:23:26

Voted for Ron Paul in 2012, but you cling tightly to that precious us vs. them narrative that makes you feel important.

 
Comment by The Order Of The Golden Chainsaw
2015-09-20 09:28:53

Voted for Ron Paul in 2012

Of course Hillary wasn’t in it.

 
 
 
 
Comment by Oddfellow
2015-09-20 07:17:08

Seemed like a typical Trump interview. He’s gonna make America great again because he a self-proclaimed great guy and great businessman. The specifics don’t matter, he’ll get it done because he’s Trump.

Comment by Raymond K Hessel
2015-09-20 07:23:42

I like this guy’s reaction to the cretin spewing anti-Muslim bile in his “question” to Trump. The Donald missed a perfect opportunity to school this ignorant blowhard but instead cravenly seemed to agree.

http://www.businessinsider.com/sane-guy-behind-trump-during-question-2015-9

Comment by Ben Jones
2015-09-20 07:45:10

‘a man in the audience at Trump’s Thursday rally in Rochester, New Hampshire asked, “We have a problem in this country — it’s called Muslims. We know our current president is one. We have training camps growing where they want to kill us. That’s my question. When can we get rid of them?”

There are training camps for terrorists.

‘Abu Omar al-Shishani, the red-bearded face of ISIS terror lately described in such headlines as ‘Star pupil’: Pied piper of ISIS recruits was trained by U.S. for the fact that he received American military training as part of an elite Georgian army unit in 2006 and after, did not stop playing for “team America” once he left his home country in the Caucuses. He actually enjoyed US backing and American taxpayer largesse as late as 2013, soon after entering Syria with his band of Chechen jihadists.’

‘A new book about ISIS chronicles the terror group’s earliest successes when it first made a name for itself on the Syrian battlefield by tipping the scales in favor of rebels in Northern Aleppo who had spent nearly a total of two years attempting to conquer the Syrian government’s seemingly impenetrable Menagh Airbase.’

‘Benjamin Hall, journalist and author of Inside ISIS: The Brutal Rise of a Terrorist Army, was embedded in Northern Syria during part of the 2012-2013 siege of Menagh, even staying in FSA camps outside the base as attacks were underway.’

‘Hall further relates that Omar Shishani’s (or Omar “the Chechen”) presence evoked a certain level of mystique and awe among his FSA associates as he “systematically obliterated Menagh defenses by sacrificing as many men as it took” and rightly concludes that, “it is no exaggeration to say that Shishani and other battle hardened members of ISIS are the ones who brought the early military success.”

‘Amazingly, Okaidi’s courtship with the West didn’t end in 2013, even after such top US officials confirmed that the rebel leader had been in a position of operational command over ISIS terrorists, some of which now fill out the top tiers of Islamic State’s ranks.’

‘As recently as last July 2015, CNN gave Okaidi lengthy and virtually uninterrupted air time in a Christiane Amanpour interview to make a public appeal for a US imposed no-fly “buffer zone” over Syria in support of “moderate” rebels – this on what the network bills as its “flagship global affairs program.”

‘In a recent and much talked about poll conducted inside Syria by ORB International, an affiliate of WIN/Gallup International, it was revealed that “82% of Syrians Blame US for ISIS.” While the increased prominence of this view has perplexed many pundits who dare not admit anything counter to the official prevailing wisdom, it could simply be that Syrians pay closer attention and are able to process what US clients like Okaidi utter in plain Arabic and without apology.’

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Comment by MightyMike
2015-09-20 10:11:51

There’s a training camp in Georgia that has trained a lot of Latin American dictators and their high-ranking officers.

The Western Hemisphere Institute for Security Cooperation (WHINSEC), formerly known as the US Army School of the Americas,[1][2] is a United States Department of Defense Institute located at Fort Benning near Columbus, Georgia, that provides military training to government personnel in US-allied Latin American nations.
The school was founded in 1946 and from 1961 was assigned the specific goal of teaching “anti-communist counterinsurgency training,” a role which it would fulfill for the rest of the Cold War.[3] In this period, it educated several Latin American dictators, generations of their military and, during the 1980s, included the uses of torture in its curriculum.[4][5] In 2000/2001, the institute was renamed to WHINSEC

https://en.wikipedia.org/wiki/Western_Hemisphere_Institute_for_Security_Cooperation

 
 
 
Comment by Blue Skye
2015-09-20 07:49:14

“The specifics don’t matter”

Accidentally you have hit upon the truth. He is a spanner in the works. That is all that matters.

Comment by palmetto
2015-09-20 07:59:25

“The works” suck. If there’s a spanner in ‘em, good.

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Comment by Blue Skye
2015-09-20 09:28:50

Exactly.

 
 
Comment by Oddfellow
2015-09-20 10:14:18

Is he a Hillary spanner or a revolutionary spanner?

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Comment by Oddfellow
2015-09-20 10:44:05

Will the spanner benefit Hillary or America? Or neither? Or both?

 
 
 
Comment by The Order Of The Golden Chainsaw
2015-09-20 07:54:28

I don’t think specifics ever mattered. Nobody voted for Shrub or O’care for the specifics of their “plans.’

Comment by palmetto
2015-09-20 08:17:13

Yeah, like Bush and Obama ever issued specifics, or any other presidential candidates for that matter?

Lessee, Obama’s specifics were Hope, Change and Fundamental Transformation.

Bush’s specifics were, uh, what were his again, pre-election? Right, “Compassionate Conservative”. I know that post election, before 9/11, he said something about “some initiatives”. After 9/11, it was war, war and more war.

The Don has given more “specifics” so far than any candidate I’m aware of.

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Comment by Professor Bear
2015-09-20 08:02:05

Does this mean he’s not going to bankrupt America the way he did several business ventures?

Comment by The Order Of The Golden Chainsaw
2015-09-20 08:07:42

America is already bankrupt. He will FILE the chapter 11.

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Comment by palmetto
2015-09-20 08:20:57

America is already bankrupt, Jeebus.

Now, what he MIGHT do is force the US to accept the reality of it and proceed with a workout. Which wouldn’t be the worst thing in the world. Who better than Trump to do that? And bounce back, no less?

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Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:28:17

If Trump becomes President, then he will sell more vodka than anyone ever thought possible.

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Comment by scdave
2015-09-20 09:14:22

The specifics don’t matter, he’ll get it done because he’s Trump ??

+1…That sums the dude up quite nicely…

Comment by The Order Of The Golden Chainsaw
2015-09-20 09:17:48

Be honest with yourself. What specifics did you vote Obama for? Twice for that matter.

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Comment by rms
2015-09-20 07:28:57

He likes pretty women, and he doesn’t hide it.

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:33:56

I just can’t believe that he managed to produce attractive daughters. He himself is quite hideous.

 
 
Comment by MacBeth
2015-09-20 09:02:41

I think I’ve had two headaches since I gave up caffeine 31 months ago. Like night and day. Very happy I gave it up.

Comment by Raymond K Hessel
2015-09-20 16:28:12

I gave up alcohol and caffeine this weekend. Am trying to go a full year without either (except for the occasional cup of green tea), which is going to be difficult, because I do love beer, red wine, good whisky, and coffee. The last one might be the hardest to give up. This was the article that inspired me.

http://www.telegraph.co.uk/food-and-drink/features/giving-up-alcohol/

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:35:01

I give it a week.

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Comment by Raymond K Hessel
2015-09-20 19:49:39

Thanks for your vote of confidence. I’ve given up alcohol and caffeine for lent for the past several years, even though I’m not a Catholic, so I’m pretty sure I can manage to do without for a year, even though it won’t be easy.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 21:01:28

There is no way that you will hold out for a year. No possiblity whatsoever.

 
 
 
 
 
Comment by Raymond K Hessel
2015-09-20 07:29:57

I see the Shemitah came and went, notwithstanding the Doomer Porn profiteers who made bank selling books and DVDs to the low information religous right types warning of worldwide catastrophe….

http://www.wnd.com/2012/05/mark-this-date-for-potential-disaster/

 
 
Comment by phony scandals
2015-09-20 07:34:24

The other 25% must work for the government.

75% in U.S. See Widespread Government Corruption

This figure is up from two in three in 2007 (67%) and 2009 (66%)

by Gallup | September 20, 2015

WASHINGTON, D.C. — Three in four Americans (75%) last year perceived corruption as widespread in the country’s government. This figure is up from two in three in 2007 (67%) and 2009 (66%).

Is corruption widespread throughout the government in this country, or not?

While the numbers have fluctuated slightly since 2007, the trend has been largely stable since 2010. However, the percentage of U.S. adults who see corruption as pervasive has never been less than a majority in the past decade, which has had no shortage of controversies from the U.S. Justice Department’s firings of U.S. attorneys to the IRS scandal.
corruptionSTORYFINAL

These figures are higher than some might expect, and while the lack of improvement is somewhat disconcerting, the positive takeaway is that Americans still feel fairly free to criticize their government. This is not the case in some parts of the world. Questions about corruption are so sensitive in some countries that even if Gallup is allowed to ask them, the results may reflect residents’ reluctance to disparage their government. This is particularly true in countries where media freedom is restricted.

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:37:36

Let’s CELEBRATE the fact that 3/4 of US citizens can even be bothered to answer the question at all. The spin is so stupid it’s funny.

 
 
Comment by Raymond K Hessel
2015-09-20 07:37:15

The banksters will ensure their captured political elites ensure any and all bank losses will be made good, either through bailouts or bail-ins (theft of depositer accounts). Did you know that when you open a savings or checking account, you are now the bank’s “creditor”? Read the fine print, then thank the Oligopoly stooge you voted for for putting you on the hook to backstop bankster recklessness and greed.

http://www.telegraph.co.uk/finance/economics/11871992/Battered-Greek-banks-to-flout-Brussels-new-bail-in-rules.html

 
Comment by azdude
2015-09-20 07:43:23

We know the pboc basically prints yuan to buy treasuries and the yen carry trade allows folks to borrow cheap in yen and buy treasuries.

The ECB has had massive qe programs of their own. So are they basically printing and buying treasuries too?

The fed basically has its finger on the fed funds rate. The interbank loan rate basically.

The market is suppose to control treasury rates but has been massively manipulated.

What is the relationship between the fed funds rate and longer term treasury rates?For instance if the 10 year treasury yields went up to 5% based on the market, what would be the response to the fed funds rate from the fed?

 
Comment by Raymond K Hessel
2015-09-20 08:01:49

“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?… The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin’s thirst, the cursed machine would have ground to a halt! If…if…We didn’t love freedom enough. And even more – we had no awareness of the real situation…. We purely and simply deserved everything that happened afterward.”

― Aleksandr Solzhenitsyn

Comment by CountryClubberLang
2015-09-20 10:21:04

Axes, hammers, pokers …. Notice he doesn’t say guns.

Comment by Raymond K Hessel
2015-09-20 16:32:00

The first thing the Bolsheviks did upon seizing power was to disarm the population. For “public safety,” i.e. for the children. So the sheeple had neither the will or the means to resist.

It’s no coincidence that oligarchs like George Soros and Michael Bloomberg are funding the “gun control” crowd and their political stooges like Comrad Pelosi and Barbara Boxer.

 
 
 
Comment by WPA
2015-09-20 08:04:49

CNN Poll: Trump support falls, Fiorina sharply up

“… Carly Fiorina surged to second place among her GOP rivals following the CNN debate Sept. 16, according to a CNN/ORC poll released Sunday.

Donald Trump still was in first place with 24 percent support. Fiorina had 15 percent support, retired neurosurgeon Ben Carson had 14 percent and Marco Rubio had 11 percent.”

==========

It would be a bad move to nominate Carly. She lost her Senate election badly to an incumbent who only has lukewarm support. She has zero chance at winning Calif’s 55 electoral votes — even if Clinton, Sanders or Biden stumble. While Trump is a long shot to win Calif. he has enough celebrity appeal to maybe pull off a win here if the Dem candidate falters. We Californians vote for celebrities — after all, Repub Schwarzenegger won this blue state (and we later paid the price, oof).

Comment by palmetto
2015-09-20 10:00:17

Bwahahahaha! It just demonstrates the absolute flop sweat desperation of the neocons. Don’t like any of our neutered cucks? Wait, we got us a woman here! We got us an African American man! Somebody, PLEASE stop Trump. Pretty please!

Comment by Oddfellow
2015-09-20 10:08:53

He’s the pied piper oligarch leading away their carefully nurtured and programmed sheep. Of course they’re freaking out. Their whole party is marching away from them.

Comment by CountryClubberLang
2015-09-20 10:25:42

Did the Pied Piper give the middle finger and talk bad about his employers? Keep trying, maybe you’ll eventually find a meme that sticks, but I doubt it. Just like hope and change appealed in 2008, anti entrenched political establishment is what it is about now. Get on the bus, bro.

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Comment by Oddfellow
2015-09-20 10:45:59

What makes you think I’m not on the bus?

 
Comment by Mafia Blocks
2015-09-20 10:59:01

You’re on the short bus Lola.

 
Comment by Oddfellow
2015-09-20 11:38:36

Sitting right next to you, blockhead. Try not to spill your drool cup.

 
Comment by Mafia Blocks
2015-09-20 11:43:46

And quit unstrapping your head gear Lola.

 
Comment by Oddfellow
2015-09-20 11:51:57

It itches.

 
Comment by bubblebot
2015-09-20 23:22:36

That exchange made me lol.Thanks

 
 
 
Comment by MightyMike
2015-09-20 10:41:46

Bwahahahaha! It just demonstrates the absolute flop sweat desperation of the neocons. Don’t like any of our neutered cucks? Wait, we got us a woman here! We got us an African American man! Somebody, PLEASE stop Trump. Pretty please!

That’s an odd response. The people who tell pollsters that they like Fiorina or Carson and neocons and/or neutered cucks. The MSM says that support for the two of them and Trump are all part of the same phenomenon. All three of them have never served in government before.

 
Comment by WPA
2015-09-20 10:56:00

No doubt about it, Fiorina’s punches drew blood. Trump is down 6 points and for Fiorina to jump up over 10 points means she had to have peeled some Trump supporters over to her side.

Once the average voter gets to know Fiorina many don’t like her. Initially she was strong against Boxer here in Calif. then faded down the stretch. CEO’s who do layoffs don’t play well here.

Comment by Oddfellow
2015-09-20 11:03:49

Carly’s moved up from the 30/1 to 12/1 as winner of Republican nomination since the debate. Interestingly, Jeb (7/4) still has better odds than Trump (3/1) as Repub nominee. Odds are from Paddy Power.

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Comment by Oddfellow
2015-09-20 11:50:51

Eva Longoria 750/1. Kim Kardashian 1000/1.

 
Comment by Oddfellow
2015-09-20 11:54:00

Oddly, no odds on Deez Nuts.

 
 
Comment by CalifoH20
2015-09-20 12:58:19

As a fiscal conservative I hate Fiorina and her plans to police the world and grow the military.

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Comment by Mafia Blocks
2015-09-20 13:36:45

Don’t be a Liberace.

 
 
 
Comment by Raymond K Hessel
2015-09-20 16:33:57

Bwahahahaha! It just demonstrates the absolute flop sweat desperation of the neocons.

Yep. Go to open secrets dot org and follow the money.

 
 
 
Comment by WPA
2015-09-20 08:26:15

Scientists Call for RICO Investigation of Climate Deniers

“One additional tool – recently proposed by Senator Sheldon Whitehouse – is a RICO (Racketeer Influenced and Corrupt Organizations Act) investigation of corporations and other organizations that have knowingly deceived the American people about the risks of climate change, as a means to forestall America’s response to climate change. The actions of these organizations have been extensively documented in peer reviewed academic research … We strongly endorse Senator Whitehouse’s call for a RICO investigation.

The methods of these organizations are quite similar to those used earlier by the tobacco industry. A RICO investigation (1999 to 2006) played an important role in stopping the tobacco industry from continuing to deceive the American people about the dangers of smoking. If corporations in the fossil fuel industry and their supporters are guilty of the misdeeds that have been documented in books and journal articles, it is imperative that these misdeeds be stopped as soon as possible so that America and the world can get on with the critically important business of finding effective ways to restabilize the Earth’s climate, before even more lasting damage is done.”

Comment by Oddfellow
2015-09-20 09:01:50

The methods of these organizations are quite similar to those used earlier by the tobacco industry. A RICO investigation (1999 to 2006) played an important role in stopping the tobacco industry from continuing to deceive the American people about the dangers of smoking.

I predicted all this here a while ago (being a bit of a chess player myself). Probably better than the Nuremberg-style hearings awaiting them if the climate SHTF big time.

Comment by WPA
2015-09-20 09:29:47

+1 for your prediction. While climate deniers will undoubtedly defend the oil companies with “freedom of speech,” there is a line that’s crossed into RICO territory when a corporation knowingly markets falsehoods for their own financial interests while harming public health and safety.

Comment by CountryClubberLang
2015-09-20 10:28:03

I’m still denying acid rain and global warming, and anti-fat diets and second hand smoke deaths. I have yet to move on to climate change. My denial dance card is being kept too full.

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Comment by Oddfellow
2015-09-20 10:50:18

I bet you ain’t descended from no monkey, either, right?

 
Comment by CountryClubberLang
2015-09-20 17:49:53

I wholeheartedly beleive in evolution and science. Just not scientific junk.

 
Comment by Oddfellow
2015-09-20 19:07:59

How do you determine the difference?

 
Comment by AmazingRuss
2015-09-20 23:34:34

Intuition.

 
 
 
Comment by Blue Skye
2015-09-20 15:46:35

Woe to those who doubt the words of Obama and stray from the ways of NASA.

“And now Nineteen persons having been hang’d, and one prest to death, and Eight more condemned, in all Twenty and Eight, of which above a third part were Members of some of the Churches of N. England, and more than half of them of a good Conversation in general, and not one clear’d; about Fifty having confest themselves to be Witches, of which not one Executed; above an Hundred and Fifty in Prison, and Two Hundred more accused; the Special Commision of Oyer and Terminer comes to a period.”

— Robert Calef

https://en.wikipedia.org/wiki/Salem_witch_trials

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:49:51

When a company makes false claims about its products, then we have a problem with commerce. You don’t get a pass just because your false claims make people feel better.

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Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:46:49

What say ye, Republinites? Shall we investigate the racketeers, or just applaud them because they’re helping to kill unions and save jobs?

 
 
Comment by Raymond K Hessel
2015-09-20 08:40:07

“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?… The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin’s thirst, the cursed machine would have ground to a halt! If…if…We didn’t love freedom enough. And even more – we had no awareness of the real situation…. We purely and simply deserved everything that happened afterward.”

― Aleksandr Solzhenitsyn

 
Comment by Raymond K Hessel
 
Comment by Oddfellow
2015-09-20 08:55:40

Business as Usual

The horrors of Europe’s migrant crisis are just another part of the new global economy.

The flood of migrants into Europe is just another stage of economic globalization. Today, information and images circle the world in a flash. Capital flows across borders toward cheap labor. Goods find their way to countries with disposable income. And increasingly, people who hate where they live, whether for economic or political reasons, can find out where they’d be better off and how to get there. Websites and social networks tell you which country has the best government benefits, which borders you’ll have to cross, and what it’ll cost you. Even in sub-Saharan Africa, according to a human trafficking expert quoted in the Washington Post, “You’re never more than two conversations away from someone who can get you to Europe.”

http://www.slate.com/articles/news_and_politics/foreigners/2015/09/europe_s_migrant_crisis_is_explained_by_economic_globalization_smuggling.single.html

Comment by The Order Of The Golden Chainsaw
2015-09-20 09:08:59

The reason muslims are migrating now is the handy work of the nobel piece prize winner and the neocon masters. Nothing to do with globalization. Own it for a change, you fools!

Comment by AmazingRuss
2015-09-20 09:24:26

If you bomb it, they will come.

 
Comment by scdave
2015-09-20 09:24:43

Own it for a change, you fools ??

Yep…Pottery barn rule; “If you break it you ought it”….Thank you General Powell…

You warned Bush but his ears and mind were closed to it…Cheeney had his two middle fingers shoved so far up Bush’s a$$ that he got a boner and executed the biggest military foreign policy disaster in our History…I never thought this country would exceed the debacle of Vietnam but Bush came through with flying (mission accomplished) colors…

Comment by AmazingRuss
2015-09-20 09:39:01

Oh there’s more to come… bigger and better. Soon we’ll be dropping thousands of young men into the festering shi*t stew we’ve been cooking up in the middle east for 70 years.

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Comment by WPA
2015-09-20 09:39:20

Yes, Obama and the neocons control everything in the world. Those third world nations like Tunisia, Egypt and Syria were incapable of starting Arab Spring on their own.

 
 
Comment by Oddfellow
2015-09-20 10:29:42

“For $10,000 or more, you can fly directly to Germany or Sweden. For slightly less, you can take a yacht across the Mediterranean or perhaps stay in a nice hotel on your way north”

Can I borrow your boat for a few months, Blue Skye?

 
 
Comment by Muggy
Comment by Oddfellow
2015-09-20 12:45:28

What’s the Plan?

Comment by Mafia Blocks
2015-09-20 12:49:57

Falling prices.

 
Comment by Muggy
2015-09-20 13:43:09

“What’s the Plan?”

Maybe move to Rome, buy a house house in some woods by decent schools. With prices like that, it is possible to live on a teacher’s salary. My wife could take a break and spend some time with the kids for a few years, then go back to teaching. I’d be close to ATL so I could side gig with some music.

My wife’s brother lives there. We visited last year and its a pleasant area.

 
 
Comment by jane
2015-09-20 14:59:05

Muggy, that’s right nice.

 
Comment by AbsoluteBeginner
2015-09-20 21:03:50

And that price is on the high end of houses based on the Google map that popped up. Only thing that catches me off guard is the 7.5% unemployment rate. But, heck, Rome is only 80 miles from Amicalola Falls SP!

 
 
Comment by Ben Jones
2015-09-20 12:21:41

“And now let me tell you something that no other candidate for president will tell you. And that is no matter who is elected to be president, that person will not be able to address the enormous problems facing the working families of our country. They will not be able to succeed because the power of corporate America, the power of Wall Street, the power of campaign donors, is so great that no president alone can stand up to them. That is the truth. People may be uncomfortable about hearing it, but that is the reality.”

— Bernie Sanders, Friday, Aug. 14, Clear Lake, Iowa

‘The warning didn’t suit the festive mood. Hillary had satisfied their need for a savior, and now this relentless 73-year-old, hunched forward and gripping both sides of the podium as he bellowed in a strong Brooklyn accent, was insisting that the situation in America might require more than manufactured optimism—it might require actual political revolution.’

‘He has a few favorite stats he likes to deploy to illustrate the scope of the problem, starting with the fact that in America, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. He hammers this message home as his rabid crowds rage along: One family, the Waltons, owns more wealth than the bottom 40 percent; the 14 wealthiest individuals have added $156 billion to their fortunes in the past two years, which is more than the combined assets of the bottom 130 million Americans; 56 percent of all new income goes to the top 1 percent; the Koch brothers, as a result of the Citizens United decision, will spend more money on the 2016 election than either Republicans or Democrats.’

‘To Sanders, almost every other problem plaguing the country is related to this “rigged economy”…His platform is built on redressing this flawed system…here was a man who had been preaching the same sermon for almost 40 years, voting with his conscience, and still, somehow, winning elections.’

‘His résumé precedes him—Sanders voted against the first Iraq War, against the Patriot Act, and against the second Iraq War. He opposed NAFTA before it was signed, and he opposed the repeal of the Glass-Steagall Act that kept commercial and investment banks separate, and may have prevented the financial crisis. He wasn’t silent in his opposition—on YouTube, you can watch Sanders predict exactly what would happen in the aftermath of Iraq in a speech from 2002, or see him berate Alan Greenspan for the economic ideology that would lead to the recession, or witness his eight-hour filibuster after Obama extended the Bush tax cuts in 2010.’

Comment by Oddfellow
2015-09-20 12:28:21

But Bernie is that “s” word that we’ve been programmed to auto-hate.

Comment by Muggy
2015-09-20 13:46:47

Teddy Roosevelt was a “Republican.” I’d vote for him today.

I’ve said it before and I’ll say it again: I am a one issue voter. I want the Wall Street Vampire Squid off my face.

Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 16:56:05

It migrated to your face? It used to just be on everyone’s back. This is getting dire. I hope it’s not planning to lay an egg.

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Comment by Muggy
2015-09-20 17:50:44

I am referring to the famous Matt Taibbi piece in Rolling Stone about Goldman “God’s Work” Sachs.

“The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”

http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

 
Comment by Raymond K Hessel
2015-09-20 18:27:02

Matt Taibbi is one of the very few journalists who is fearless about speaking truth to power.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 19:50:26

It may be time to call a vet. Can the squid be neutered?

 
Comment by redmondjp
2015-09-20 20:43:56

Which means that Matt Taibbi has increased odds of a horrific single-car accident.

 
 
 
 
Comment by The Order Of The Golden Chainsaw
2015-09-20 12:42:35

So the Weekend at Bernie’s voted for Afghani war? Hoe great of him, right? He knows which war is the good war?
Also What does he think about wealth inequality generated by mr Yelling? What is he going to do about it? Water down fed the audit bill?

Comment by The Selfish Hoarder
2015-09-20 13:45:37

Any war against Bernie’s Israel is a good war to promote and make you fund.

Comment by The Selfish Hoarder
2015-09-20 13:47:05

I meant any war to defend Israel.

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Comment by Raymond K Hessel
2015-09-20 16:37:50

Bernie Sanders has said very little about the greatest malignancy on our economy and country, the Federal Reserve.

 
 
Comment by Oddfellow
2015-09-20 15:31:34

Deez Nuts/ Sanders 2016

 
Comment by CalifoH20
2015-09-20 15:51:04

Today’s tip: anti neo-con does not mean pro-Hillary.

 
Comment by Raymond K Hessel
2015-09-20 16:52:54

China’s central planners are pumping more financial crack into the housing market to keep their asset bubbles from imploding.

http://www.telegraph.co.uk/finance/11875066/China-house-sales-rocket-in-September-on-stimulus-but-doubts-remain.html

 
Comment by phony scandals
2015-09-20 17:25:52

U-Haul numbers say people are leaving California in a big way.

U-Haul rental trucks

Pick up date 9/30/15

Pick up location San Diego, CA

Drop off location Austin, TX

Apartment up to 2 bedrooms

Inside dimensions: 14′6″ x 7′8″ x 7′2″ (LxWxH)

$1,442.00

U-Haul rental trucks

Pick up date 9/30/15

Pick up location Austin, TX

Drop off location San Diego, CA

Apartment up to 2 bedrooms

Inside dimensions: 14′6″ x 7′8″ x 7′2″ (LxWxH)

$865.00

Comment by Rental Watch
2015-09-20 20:13:26

Got any move cities/truck sizes for that analysis? Or just the most liberal, youth and technology oriented place in TX for a small apartment?

 
 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 18:22:46

I finally found proof that Rio really is in Brazil:

http://www.tmz.com/2015/09/20/hero-donkey-in-a-hammock/

Comment by scdave
2015-09-20 18:54:19

V…Where did you find that ??

Comment by Mafia Blocks
2015-09-20 19:02:29

In a Donkey Crater.

 
Comment by "Auntie Fed, why won't you love ME?"
2015-09-20 19:52:24

I was searching everywhere I could find for Rio, and I found him.

 
 
 
Comment by AbsoluteBeginner
 
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