Bits Bucket for November 10, 2015
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European leaders have told Greece that it must do more to prove it is pushing through the reforms its creditors have demanded before it can receive a €2bn (£1.4bn) aid payment.
The debt-stricken country has been at odds with its lenders over the protection it can offer families at risk of being made homeless because of mortgage defaults.
Greece clinched an €86bn bailout in the summer, in return for promising measures to reduce its deficit such as higher VAT rates and pension cuts. Its lenders have also demanded new laws to help banks repossess homes from people who cannot meet their loan repayments.
The new sticking point turned the buildup to a key Brussels meeting of eurozone finance ministers on Monday night into a series of tit-for-tat briefings reminiscent of the height of the bailout crisis earlier this year.
http://www.theguardian.com/business/2015/nov/09/greece-told-to-do-more-on-reforms-before-it-gets-next-bailout-payment
Talk about beating a dead Donkey, what is the point.
If Daddy keeps bailing you out, you keep on spending.
We have gone on long enough past the big 2008 bailout and various QEs for people to understand deep in theirs bones that there are no consequences (until the collapse). Let the good times roll.
So will a rising dollar implode the dollar carry trade?
I keep seeing conflicting articles about the dollar. one person says we are gonna have a currency crisis by a falling dollar.
Another person says the rising dollar will blow out carry trades cause so many people borrowed dollars to buy other assets around the world.
Who is right?
But Daddy helped put the kid into dire straits to begin with. And now Daddy, instead of helping the kid make it on his own, is loaning money to the kid so he can buy what Daddy exports.
Daddy’s a drug dealer who got his kid hooked on crack.
Stock markets in Asia Pacific have continued to slide as the spectre of higher borrowing costs in the United States and further signs of weakness in China prompted investors to trim their exposure to riskier assets.
The recent rally that followed the market selloff in July and August has petered out as poor Chinese inflation figures on Tuesday pointed to persistent weak demand in the world’s second biggest economy.
http://www.theguardian.com/business/2015/nov/10/asia-pacific-stock-markets-continue-slide-as-chinese-inflation-weakens
The warning signs around global economic growth are growing, with Moody’s, the influential ratings agency, adding its voice to a clamor of gloomy forecasts about the next couple of years.
More worryingly, policymakers are lacking the tools to deal with any unexpected negative shock, after years of ultra-low interest rates and high-profile liquidity injections, according to the ratings agency.
http://www.cnbc.com/2015/11/10/world-economys-ability-to-fight-shocks-dented-moodys.html
Global economic stability is at risk from financial shocks in the face of a bigger-than-expected fallout from China’s slowing growth, a new report from Moody’s has warned.
The credit ratings agency also said that policymakers may find it difficult to act against potential shockwaves as they “lack the ample fiscal and monetary policy buffers” needed to stave off troubles.
http://www.cityam.com/228347/moodys-warns-of-global-shockwaves-as-fallout-from-china-slowdown-threatens-growth-prospects
The chief executive of a steel company on the brink of collapse has died after falling from his penthouse flat. Angad Paul, 45, was pronounced dead at the scene in central London on Sunday morning.
His death comes after large-scale job cuts were announced at his steel company, Caparo, as administrator PwC tries to salvage the company. Some 450 redundancies were announced last month in what trade unions described as a devastating blow to the British steel industry. The future of another 1,200 jobs is uncertain.
The Metropolitan police said they are not treating the death as suspicious.
Friends of Paul told of their sadness at his death. The Indian entrepreneur and columnist, Suhel Seth, tweeted: “Deeply saddened to learn of the suicide of Angad Paul in London. He was young and bright. Deepest condolences to Lord Swraj Paul and family.”
http://www.theguardian.com/uk-news/2015/nov/09/caparo-steel-boss-angad-paul-dies-falling-london-flat
What is a ‘profits recession’ as opposed to plain old recession?
Ft dot com
US economic recovery
US is suffering a profits recession
Question is whether this signals bull market interruption or end
November 8, 2015
by: Russ Koesterich
An American flag hangs from fire truck ladders in front of the U.S. Capitol building in Washington, D.C., U.S., on Wednesday, Sept. 30, 2015.
It is easy to forget that when market volatility first started to rise in late June, investors were reacting to concerns over rising interest rates and a pending Federal Reserve tightening. Since then, the focus of anxiety has shifted from rates to growth, a fear that only intensified as weakness spread from emerging markets to commodities to European exporters. Today, investors are increasingly worried that even the mighty US economy will succumb to a global slowdown.
Fortunately, signs of a pending US recession are few. However, there may be indications another “recession” has already hit: one of profits.
Certainly the economy is slowing, but we are probably witnessing another reversion to the new mean of 2 per cent growth, rather than something more acute. The US is not immune to the turbulence that began in emerging markets, but some of those disruptions come with silver linings: the resulting drop in rates and energy prices both support the US household sector. There is also little risk of the Fed prematurely derailing the recovery. Given the recent collapse in inflation expectations, an aggressive Fed is arguably the least of the market’s worries.
…
Marketwatch dot com
What investors may get for the holidays — another selloff
By Barbara Kollmeyer
Published: Nov 10, 2015 8:01 a.m. ET
Critical intelligence ahead of the U.S. market’s open
Dimension Films/Courtesy Everett Collection
It’s the thought (of a Fed hike) that counts.
Sure, it’s only Tuesday, but it looks like the market’s ability to extend its streak of weekly wins has hit a bump.
Following the biggest drop in six weeks for U.S. stocks, some out there are scratching their heads, while others are a little alarmed.
“Today’s selloff does not make a lot of sense, because there weren’t any big economic or corporate news. It is puzzling to see such a delayed reaction to a strong jobs report in an otherwise quiet week,” said Randy Frederick, managing director of trading & derivatives at Schwab Center for Financial Research, summing up yesterday’s action to MarketWatch.
True, markets will have a hard time sidestepping last Friday’s strong jobs data, which to some all but guarantee a Fed interest-rate hike just in time for the holidays. The fear is that anticipation of the hike could lead to a repeat of the volatility we saw this summer.
Nour Al-Hammoury, chief market strategist at ADS Securities, says drops of 1% for Europe and U.S. stocks yesterday look unsettlingly familiar.
“This follows the pattern of June and September — the previous months when the rate increase was expected to happen — and this nervousness over buying equities could start another market correction,” he says in a note to clients.
…
Marketwatch dot com
U.S. stock futures: S&P 500 on pace for fifth straight fall
By Victor Reklaitis
Published: Nov 10, 2015 7:51 a.m. ET
Strategist: Investors cautious as Fed mulls December rate rise
Getty Images
The market’s focus on the Fed hasn’t abated.
U.S. stock futures pointed to a drop at the open Tuesday, putting the S&P 500 on track to fall for the fifth session in a row.
S&P futures (ESZ5, -0.22%) declined by 5.15 points, or 0.3%, to 2,067.75, while Dow Jones Industrial Average (YMZ5, -0.92%) futures shed 43 points, or 0.2%, to 17,632. Nasdaq 100 futures (NQZ5, -0.41%) lost 19.75 points, or 0.4%, to 4,633.
On Monday, the S&P (SPX, -0.98%) closed 1% lower, while the Dow (DJIA, -1.00%) fell 1%, or about 180 points, and turned negative for the year. Analysts blamed Monday’s drop on investors stepping away from stocks because a December interest-rate hike looks more likely, though others said the selloff did “not make a lot of sense.”
“If the Fed is going for a rate hike in December, many investors will now be cautious about buying into equities,” said Nour Al-Hammoury, chief market strategist at ADS Securities, in a note early Tuesday.
…
Are you ready for years to come of flat oil prices?
Marketwatch dot com
Oil prices waver after IEA warns about OPEC’s strategy
By Jenny W. Hsu and Georgi Kantchev
Published: Nov 10, 2015 6:06 a.m. ET
Price of Brent crude could stay at $50 for years, IEA says
Oil futures were moving in and out of negative territory on Tuesday as a top energy watchdog said the decision by the Organization of the Petroleum Exporting Countries to keep pumping could depress prices until the end of the decade.
In its World Energy Outlook, the International Energy Agency said “a lasting switch in OPEC production strategy in favor of securing a higher share of the oil market mix” could keep the price of Brent crude at around $50 a barrel through to the end of the decade. Under a more bullish scenario, the IEA said oil could rebound to around $80 a barrel by 2020 as the oversupplied market begins to balance.
…
Is the biggest credit expansion and building bubble in history over or just taking a nap? When will the next one be?
I’m sure glad I decided not to buy a gas miser chick car (Prius).
Markets Commodities Oil Markets
Oil Prices Fluctuate as IEA Warns OPEC Over Strategy
Price of Brent crude could stay at around $50 a barrel through to the end of the decade, the IEA warns
The logo of the Organization of the Petroleum Exporting Countries is pictured at its headquarters in Vienna, Austria.
Photo: Reuters
By Georgi Kantchev
Updated Nov. 10, 2015 7:11 a.m. ET
LONDON—Oil futures were moving in and out of negative territory on Tuesday as a top energy watchdog said the decision by the Organization of the Petroleum Exporting Countries to keep pumping could depress prices until the end of the decade.
In its World Energy Outlook, the International Energy Agency said “a lasting switch in OPEC production strategy in favor of securing a higher share of the oil market mix” could keep the price of Brent crude at around $50 a barrel through the end of the decade. Under a more bullish scenario, the IEA said oil could rebound to around $80 a barrel by 2020 as the oversupplied market begins to balance.
Brent was trading at $47.16 a barrel on Tuesday, down 0.1% on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.3% at $43.99 a barrel.
Oil prices headed south last year after strong global supply was met with tepid demand. Despite the emerging glut, heavyweight producers from OPEC, including Saudi Arabia, have kept pumping crude at a high pace in a bid to defend—and gain—market share.
Market watchers expect OPEC will stick to that strategy and keep its output target unchanged at the organization’s next meeting on Dec. 4 in Vienna.
…
Market watchers expect OPEC will stick to that strategy and keep its output target unchanged at the organization’s next meeting on Dec. 4 in Vienna.
I like $1.80 gas, keep it coming, OPEC.
$3 in CA and long commutes and road trips. Hence the Prius is fiscally conservative.
Low Oil Prices Will Not Last - Saudi Arabia
Despite falling 43% in the last 12 months, Saudi Arabia expects the oil price to return to more normal levels.
09:17, UK, Tuesday 10 November 2015
- Oil derricks are silhouetted against the rising sun at oilfield in the capital Baku
- $200bn of investments in energy have been cancelled this year
Suggestions that oil prices will remain at their current levels will “turn out to have been wrong”, according to Saudi vice oil minister Prince Abdulaziz bin Salman Al Saud.
Brent crude oil prices have fallen 43% to $48 per barrel in the last 12 months as Saudi Arabia led the Organisation of Petroleum Exporting Countries (OPEC) in continuing to pump despite a slowdown in global demand.
Demand has slowed as a result of the stalling Chinese economy together with the abundance of oil alternatives such as shale gas.
However, Prince Abdulaziz, speaking at an energy forum meeting in Qatar, played down concerns.
He said: “Despite all the macroeconomic uncertainties engulfing the global economy, oil demand continues to grow at a robust pace and is set to increase by 1.5 million barrels per day (b/d) in 2015, the strongest growth seen in the past few years.”
In 2015, oil consumption is estimated to reach 94 million b/d, and the Saudis are confident this will increase.
He said: “Globalisation, industrialisation, urbanisation and rapid development – all fuelled by energy – will continue to lift hundreds of millions of people out of poverty and to expand the size of the middle class from the current level of 1.8 billion to 3.2 billion in 2020, and to 4.9 billion in 2030, with the bulk of this expansion occurring in Asia.
“The new emerging middle class will be made up of people who are younger, and eager to increase their consumption.
“Such young demographics amidst rising income levels will keep energy demand on an upward trend.”
…
Markets Commodities
Oil Prices Retreat as Cushing Stockpiles Grow
Prices retreat as oversupply concerns overshadow positive data
By Timothy Puko And
Georgi Kantchev
Updated Nov. 9, 2015 3:31 p.m. ET
Oil prices retreated from early gains Monday as concerns about oversupply overshadowed data and pronouncements from around the world that suggested the market is approaching a balance.
An offshore oil drilling platform under construction at a plant in Qingdao, Shandong province, China. Oil prices retreated from early gains Monday as concerns about oversupply overshadowed data. Photo: Reuters
Data provider Genscape Inc. reported Monday morning that stockpiles grew last week at Cushing, Okla., the delivery point for the benchmark U.S. futures contract, according a person who had reviewed the report. The data showed a 1.8 million barrel increase in the week ended Friday.
December crude oil settled down 42 cents, or 0.9%, to $43.87 a barrel on the New York Mercantile Exchange. U.S. oil has lost 8.4% during a four-session losing streak, the largest losses over four sessions since late August.
Brent, the global benchmark, fell 23 cents, or 0.5%, to $47.19 a barrel on ICE Futures Europe. Brent is down 6.6% during its four-session losing streak.
Some had bet on rising prices in recent weeks buoyed by Genscape and federal data showing a fall in Cushing stockpiles. But most indicators of supply are showing buildups all over the world, continually weighing on prices, analysts said.
…
goldman says the bull market will last 4 more years so buy more momo stocks.
Goldman certainly is the expert when it comes to bull.
Nov 10, 2015 @ 05:40 AM
The Rapid Rise And Fall Of The BRICS: Meanderings In Global Fantasyland
Jean-Pierre Lehmann
Contributor
I write about Asian dynamics in the context of global disorder.
Opinions expressed by Forbes Contributors are their own.
All BRICS no mortar
Full disclosure: I have always been a “BRICSo-sceptic”. In 2013 my colleague Carlos Primo Braga and I published an article entitled The BRICS are Here, But Where is the Mortar? Undaunted by the hype, we persisted and in 2014 wrote Still too many “BRICS” and not enough mortar. The message finally got through this year, 2015, as Goldman Sachs (who created the acronym and concept in 2001) decided, in the words of the title of an article in the Financial Times, to “walk away from the Brics era”, and hence has closed its Brics fund.
Goldman did not make any announcement (that I am aware of) concerning what they had identified as the N-11. Remember them? “N” stands for “next” and the eleven are (or were?): Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam. Better be a bit quiet on some of them!
When we argued there was no mortar for the Brics, what we meant of course was that there was no substance to the concept, no glue bringing these parts to make up a sum. It was vacuous hype: an investment bank ploy that a gullible business world swallows. Sounds great, Brics, the way it rolls off the tongue, and the imagery of these Brazilians, Russians, Indians, Chinese and, more latterly, South Africans scrumming together to score collective growth goals and thereby define a new global economic paradigm. Intellectually it does not require any effort: there it is all packaged in a nice simplistic easy-to-remember acronym. The busy business executive finds an instant formula that explains the universe and will fit nicely on the power-point presentation to the board on corporate strategy!
Individually of course these economies, the five BRICS and the eleven “next”, as well as a good number of others, have considerable potential if they can overcome their often quite daunting challenges. It is also true that in the last two decades the erstwhile overwhelming dominant power of the “rich” countries has declined. But to propose a collective appellation that somehow adds up the individual economies and makes sense is a huge conceptual leap into what is clearly an intellectual void: or fantasyland.
What lessons can we draw from this embarrassing episode?
First, is the power of the investment banks, especially the venerable Goldman Sachs. If the proverbial man or woman in the street had told you that the world economy henceforth was about to enter a new era which would feature as key player something known as the Brics, you would have (rightly) scoffed. But because it was the then chief economist of Goldman Sachs who said it, it became holy writ.
Second is the power of numbers. The Brics concept, as well as the N-11, was based on sophisticated mathematical calculations and formulae. But numbers per se mean very little, in fact numbers can be (and often are) based on wildly misleading extrapolations. Goldman Sachs and their investment banking ilk are prone to presenting forecasts for the share of regions and countries (or sectors) of global GDP in the next thirty, forty or even fifty years. I remember seeing a presentation by the CEO of a major bank in Hong Kong three years ago which projected China’s share of global GDP in 2050 at 25.6%. 25.6, not 25.5 or 25.7, but 25.6%. He was being serious!
These projections, whether by investment banks or consultants, turn out to be invariably wrong. (I am not aware of a single forecast over a span of several decades that turned out to be remotely correct.) In 1985 it was, for example, being confidently predicted that Japan would surpass the US in aggregate GDP by 2004!
There are of course many reasons why these forecasts turn out to be wrong. One of the most brilliant recent exposés is found in Nassim Nicholas Taleb’s highly compelling book The Black Swan (2007). It is an absolute must-read for those seeking a cure from addiction to investment bank futuristic projections and associated hype such as simple acronyms to depict an extremely complex and highly unpredictable world.
…
“based on sophisticated mathematical calculations and formulae. But numbers per se mean very little, in fact numbers can be (and often are) based on wildly misleading extrapolations…”
It is a weakness of the modern mind that we cannot appreciate the propagation of error in a “sophisticated” math model, nor do we know what a significant digit is.
Trump’s got a significant digit. The middle one, raised to the establishment and PC types who know what’s better for everyone, import millions of illegals and kiss China’s ass.
“Trump’s got a significant digit. The middle one, raised to the establishment and PC types who know what’s better for everyone, import millions of illegals and kiss China’s ass.”
Nice!
Warmist Warming Tuesday
The interviewer prefaces one of the questions with “buried in the broader assumption about climate change is the assumption that we have to save the planet … isn’t it true that the planet will happily survive climate change - it’s people who will die.”
http://www.salon.com/2015/11/06/bill_nye_demolishes_climate_deniers_im_not_a_scientist_therefore_im_not_going_to_use_my_brain/
Nonsense. Shotgun Jesus will save the righteous.
Realtors won’t die though. And they win the war against the cockroaches, the only other creatures to survive. They subjugate them and raise them for food. They’ll be driving those pseudo SUV Lexus things all over the place in search of the next big commish eating huge juicy roach burgers! “COMMISH WHERE IS MY COMMISH!”
LOL!
Hope and Change:
“by the end of October, homicides were up 55 percent over last year, and nonfatal shootings were up 76 percent”
http://www.breitbart.com/big-government/2015/11/09/5-killed-weekend-violence-baltimore-20-year-high/
Forward
Don’t even suggest this has anything to do with Ferguson, because that would be offensive.
Not only would it be offensive, but it would also be appalling.
Tuesday, 13 October 2015 10:47
In Appalling Statement, Chicago Mayor Blames City’s Soaring Murder Toll on Police Not Being Aggressive Enough
MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT
Rahm Emanuel, mayor of Chicago, dismayingly blames post-Ferguson demand for police restraint as cause of spike in Chicago murders. (Photo: Talk Radio News Service)
Chicago Mayor Rahm Emanuel, the head of the nation’s third largest city, is standing by his deadly pronouncement that police officers need to return to “pre-Ferguson” non-transparent and “aggressive” policing. This is the racist policing style that not infrequently results in brutality, the targeting of people of color and law enforcement officers literally getting away with murder.
As reported in The Chicago-Sun Times on October 9, Chicago Mayor Rahm Emanuel is blaming a record-setting bloodletting September in Chicago on police officers allegedly becoming less aggressive. Emanuel contemptuously - and puzzlingly - complains that the murder spike among citizens occurred in the wake of the video revelations of police around the nation murdering people of color and harassing them:
Chicago’s police union is taking exception to Mayor Rahm Emanuel’s description of Chicago cops as being “fetal” and not proactively policing because they’re afraid of getting in trouble when citizens post YouTube videos of their interactions with the public.
Emanuel’s comments came as he urged support for police during a private meeting [last] Wednesday with big-city police chiefs, the U.S. attorney general, the head of the FBI and other law-enforcement and elected officials, according to a Washington Post reporter who was there.
“We have allowed our police department to get fetal and it is having a direct consequence,” Emanuel told U.S. Attorney General Loretta Lynch. “They have pulled back from the ability to interdict . . . they don’t want to be a news story themselves, they don’t want their career ended early, and it’s having an impact.”
Emanuel’s pushback on the outrage over police harassing and brutally treating people of color is an astonishing and repulsive position. In trying to defend his own culpability for a rising murder rate in Chicago, he is blaming what he and his chief of police derisively call “a Ferguson effect.”
…
As self styled Noble Knights, protectors of the Realm, the cops want carte blanche to beat/shoot anyone and get a free pass, and are having hissy fits when to general public says no.
+1 X-GSfixr. I think I’ll celebrate our trigger-happy police forces by watching a Tarantino movie.
As I’ve repeatedly tried to warn my currently suburban, middle class bretheran, as the need for local governments to raise revenue rises, while at the same time more formerly middle class people find themselves falling into “working poor”, don’t be surprised if you personally experience this.
I think Black Lives Matter just discovered their trump card, one that controls America: “You guys like watching football and basketball? Well then…”
The Mizzou Football Team May Be Just the Beginning
By Jamelle Bouie
Don’t be surprised if more black athletes exert their political power for civil rights.
On Saturday, black players on the University of Missouri’s football team released a message to the school’s administration. “The athletes of color on the University of Missouri football team truly believe ‘Injustice Anywhere is a threat to Justice Everywhere,’ ” read the statement, published on Twitter. “We will no longer paticipate in any football related activities until President Tim Wolfe resigns or is removed due to his negligence toward marginalized students’ experiences. WE ARE UNITED!!!!!”
On Monday morning, following the Missouri players’ strike, President Wolfe resigned. “Use my resignation to heal and start talking again,” he said in a statement to the university’s governing board.
http://www.slate.com/articles/news_and_politics/politics/2015/11/university_of_missouri_football_forced_the_resignation_of_president_tim.html
I never heard what the Mizzou president did that was so offensive. Any insights?
He didn’t respond quickly enough and shut down the campus when someone discovered a swastika scrawled somewhere on campus. Very intolerant.
He didn’t respond quickly enough and shut down the campus
I doubt you have a real grasp of the history of Missouri on the issue of race relations. Or of the present situation.
No justice, no playoffs!
“I doubt you have a real grasp of the history of Missouri on the issue of race relations. Or of the present situation.”
OK, I’ll bite.
What did the Mizzou president do that was so offensive?
What did the Mizzou president do that was so offensive?
He played a Rhett Butler in a state with an ignominious past history and current deserved foul reputation on race relations - with ongoing racial hatred incidents in his state at his flagship state university. Dumb move for a university president who’s job is public and political.
Secretary:
“Mr. Wolfe, the good ol’ boys are havin’ fun with the coloreds on campus - flying the stars n bars in front of the colored’s campus meetings tagging the swastika and repeatedly calling the student body president and other students ni@@ers.”
Timothy M. Wolfe:
“Awe the MIZZU kids are just blowin’ off a little steam before the big game and finals.”
Secretary:
“Sir, people are calling on you to do something or to even just look like you care. Missouri is under the microscope right now”
Timothy M. Wolfe:
“Frankly my dear…..I don’t give a damn!”
Comment by RioAmericanInBrasil
2015-11-10 08:41:55
What did the Mizzou president do that was so offensive?
Rio answer definitely indicates he has no idea what the man did that was so offensive. He just wants to pile on.
Rio answer definitely indicates he has no idea what the man did that was so offensive.
Your non-answer indicates you have no nuance and no understanding of the history and the current racial tensions in Missouri - and of the public perception, political role of a public university president. And in today’s racial/political climate.
It may sound “complicated” but it’s really not that complicated at all to most anyone who could have achieved such a position as Mr. (Idiot) Wolfe.
But it’s MIZZOU so I’m not surprised much.
Lots of words just above…still nothing that explains what exactly the individual did or didn’t do.
……nothing that explains what exactly the individual did or didn’t do.
Political jobs like university presidents or US Presidents are not entry level jobs, and they are not business jobs. They are political. Timothy M. Wolfe was a tone-deaf businessman with zero political experience and it cost him. Beware voting for Presidents with zero political experience too.
So “nothing explains what he did”? Your head-in-the-sand “Wha’ Happen’?? is the same reason Timothy M. Wolfe is out of a job imo.
Tim Wolf: “Wha’ Happen’??
https://www.youtube.com/watch?v=Of8JOVXYU0Q
I hope they all go on strike. College football was just as much fun to watch in the 1960’s as it is now.
This is a really good year, lots of parity.
“The Mizzou Football Team May Be Just the Beginning”
LMAO
2015 Missouri Tigers Football Record: 4-5
I wouldn’t be looking for any solidarity from the players at these schools.
FBS College Football Rankings -
Updated 11/10/2015
1 Clemson Tigers (9-0)
2 Ohio State Buckeyes (9-0)
3 Alabama Crimson Tide (8-1)
4 Baylor Bears (8-0)
5 Oklahoma State Cowboys (9-0)
6 Iowa Hawkeyes (9-0)
7 Notre Dame Fighting Irish (8-1)
8 Stanford Cardinal (8-1)
9 LSU Tigers (7-1)
10 Florida Gators (8-1)
Yeah, it was probably a one-off. When something works quite well and quickly, people rarely try it again.
I wonder if this has anything to do with Ferguson? There, I suggested it.
I’m appalled, astonished, and repulsed that you could even suggest that!
Jeb can fix it.
First Look
FBI chief pins crime surge on ‘Ferguson effect.’ Are cops afraid to do their jobs?
FBI director James Comey says that a fear of being the focus of a policing scandal has caused officers to be more timid on the street, which has in turn led to violent crime spikes in some cities.
By Henry Gass, Staff writer
October 26, 2015
The “Ferguson effect” is partly responsible for rising murder rates in some US cities, FBI Director James Comey said last Friday.
After two decades of steady decline, violent crime has spiked in several major cities, including Chicago, Milwaukee, and Baltimore. Some experts, now including Mr. Comey, have attributed this in part to the “Ferguson effect,” in which police patrol the streets less aggressively for fear of being recorded and being at the center of the next scandal.
“Something deeply disturbing is happening in places across America,” Comey told a group of students at the University of Chicago Law School. “Far more people are being killed in many American cities, many of them people of color, and it’s not the cops doing the killing.”
“Part of the explanation is a chill wind that has blown through law enforcement over the last year and that wind is surely changing behavior,” he added.
Comey said he based his opinion on conversations he’s had with officers, and that while there are other possible reasons for the spike in violent crime, the one that seems to fit best is a change in police behavior.
“In today’s YouTube world, are officers reluctant to get out of their cars and do the work that controls violent crime?” he asked.
…
Are cops afraid to do their jobs?
Apparently, if the cameras are rolling, yes.
This is biggest load of barnyard excrement I’ve ever heard.
U.S.
Murder Rates Rising Sharply in Many U.S. Cities
By MONICA DAVEY and MITCH SMITH
AUG. 31, 2015
Photo
Essence Gilchrist, 15, center, from Milwaukee, said she knew Tariq Akbar, 14, who was fatally shot on July 3. Milwaukee has had more killings this year, with the summer not yet over, than all of 2014.
Credit Alyssa Schukar for The New York Times
MILWAUKEE — Cities across the nation are seeing a startling rise in murders after years of declines, and few places have witnessed a shift as precipitous as this city. With the summer not yet over, 104 people have been killed this year — after 86 homicides in all of 2014.
More than 30 other cities have also reported increases in violence from a year ago. In New Orleans, 120 people had been killed by late August, compared with 98 during the same period a year earlier. In Baltimore, homicides had hit 215, up from 138 at the same point in 2014. In Washington, the toll was 105, compared with 73 people a year ago. And in St. Louis, 136 people had been killed this year, a 60 percent rise from the 85 murders the city had by the same time last year.
Law enforcement experts say disparate factors are at play in different cities, though no one is claiming to know for sure why murder rates are climbing. Some officials say intense national scrutiny of the use of force by the police has made officers less aggressive and emboldened criminals, though many experts dispute that theory.
…
If certain groups are not super angry or super afraid they won’t show up for Hillary.
You bring up an interesting point: Could the spike in U.S. murder rates be part of a secret Democratic campaign strategy?
Murdering poors to increase turnout?
I’m sure the 40% unemployment rate for seven years running has nothing to do with it.
“Essense” and “Tariq” tsk, tsk!
Just a suggestion to urban parents: If you want to give your kids a better chance at a successful life, give them names like “Susan” and “Mike”.
Just sayin’
“Cities across the nation are seeing a startling rise in murders…”
There goes the lead paint theory.
October 22, 2015
Murder Rate in Charlotte and the US Continues to Rise
The murder rate in Charlotte continues to rise and no one can really put their finger on as to why. The head of the FBI also discusses why the murder rate may be going throughout the entire country. ABC’s Bazi Kanani joins Mark to discuss the increasing murder rates and some potential reasons on why its happening.
I am guessing this has something to do with it…..
According to the 2010 United States Census, the racial composition of Charlotte was:
White or Caucasian: 45.1%
Black or African American: 35.0%
Hispanic: 13.1%
Asian: 5.0%
Native American: 0.5%
Native Hawaiian or Other Pacific Islander: 0.1%
some other race: 6.8%
two or more races: 2.7%
Just sayin’
KC, St. Louis May Need New Plans to Lower Murder Rate
November 9, 2015 7:28 AM
ST. LOUIS (KMOX) – The plan to lower crime in St. Louis was to scare would-be criminals before they commit the crime. It was based off an idea in Kansas City, where the murder rate fell 21 percent in 2014. But violent crime numbers in Kansas City are going back up this year.
The murder rate in Kansas City has spiked since mid-summer, and it now tops where it was this time last year.
…
I am guessing this has something to do with it…..
According to the 2010 United States Census, the racial composition of St. Louis was:
White or Caucasian: 46.61%
Black or African American: 47.5%
Just sayin’
Those white people cause a helluva lot of problems, wherever they go.
It seems like areas with majority white populations have high murder rates.
No it’s the Caucasians we shouldn’t have let them immigrate
from asia.
Article about white poors in USA dying from alcoholism, heroin, suicide:
http://www.bloombergview.com/articles/2015-11-10/decline-and-fall-of-america-s-working-class
This is the “fundamental transformation” that you were promised
Forward
Darwin in action?
“There is no future, and England’s dreaming…”
Do you find Starbux minimalist holiday cups design annoying?
You can’t make this up!
Post Politics
Donald Trump suggests a boycott of Starbucks and its plain red cups
By Jenna Johnson November 9 at 10:19 PM
(Karen Bleier/AFP via Getty Images)
SPRINGFIELD, Ill. — Donald Trump has waded into yet another controversial, emotionally charged issue: Starbucks cups.
This year the coffee giant opted for a simple cup in which to serve coffee, tea and flavored beverages in November and December. Gone are the snowflakes, fir trees, ornaments, sledders, snowmen and stars. This year the cups are just red — which some Christians allege is the secular company wringing the last bitty remains of Christmas out of the most wonderful time of year.
Trump, who hosts a Starbucks coffee shop in his iconic Trump Tower in Manhattan, brought up the controversy amid a rant about jobs being shipped overseas, hurting college students who are searching for work to pay off their crushing loan debt.
[Starbucks ‘removed Christmas from their cups because they hate Jesus,’ Christian says in viral Facebook video]
“Did you read about Starbucks?” Trump asked a crowd of about 10,200 during a rally at a convention center on Monday evening. “No more ‘Merry Christmas’ at Starbucks. No more.”
The crowd booed loudly.
“Maybe we should boycott Starbucks,” Trump said, having reminded the crowd that the company is his tenant. “I don’t know. Seriously. I don’t care. By the way: That’s the end of that lease. But who cares? Who cares? Who cares?!”
…
What’s wrong with that? I boycott Starbux every day, just on general principles. Like Walmart, Home Cheapo and McDonald’s, it’s another depressing corporate chain.
I do like Dunkin’, though. America runs on Dunkin’.
Duncan donuts doesn’t have a business model based on the lie that a $5 cup of coffee is normal.
I boycott Starbux every day,
I don’t go to Starbucks. But I’ll walk by a Starbucks today in Rio to check out the holiday cups down here. I consider myself an imperfect Christian but I really hope they have snowflakes and snowmen on the cups or I’m afraid my faith might take a huge hit.
I know Christmas is in the summer down here (and for half the physical world) but I really need those snowflakes and snowmen on my coffee cups that I never drink to bask in the glory of the birth of Jesus.
I thought you were a big catholic? Also, do you drink coffee at all? You never seem to be awake and posting in morning time in Brasil.
How long does it take to snap and post a picture of the Rio slums…..
Hey Lola. I’ll snap and post a pic of my rainy muddy construction site and you snap and post one of Brazil.
Mafia Crocks, your IP envy is showing again.
You’re backpedalling Lola.
I thought you were a big catholic?
NewsFlash:
Catholics are Christians too. I’m a Protestant who respects the Catholic Church as well.
You never seem to be awake and posting in morning time
lol. I live in the tropics by the beach. Mornings outside are wonderful. Afternoon? Do the math.
Prove it.
But I’ll walk by a Starbucks today in Rio to check out the holiday cups down here.
Mission Accomplished.
Ok amigos……. here’s the scoop. I walked by the Starbucks a 10 min walk from my house. I’d never been in it before, and for the first time I noticed that it was not open air, but it had a glass front that obscured my view. Rather, there were a few open air tables in the front but they were empty so I found my self confused. Why were they empty? Was this a set-up?
I was confused. Should I go in? Will they notice that I’m on a Christian reconnaissance mission to determine the design of their holiday cups? Does Brazilian Starbucks even have holiday cups or are they decorated with a thong bikini sultry beauty calling my name? I was at a loss but I owed it to this blog to find out so I took off my sunglasses, smoothed my shirt….. and I went in.
Forthwith I realized my mistake of wearing a baseball t-shirt while there is no baseball in Rio. I stuck out like a sore thumb and I noticed that the young, middle-class mostly white patrons were steeling glances at me out of the corner of their eyes. But there was no turning back. I continued toward the counter and immediately noticed that the cups were exactly the same as the red holiday cups as in USA.
Needless to say I was stunned, and it took a few seconds for me to realize that I either had to buy a cup of joe or get the hell out of there. And fast. I chose the latter. I slowly turned around and headed straight for the door, in front of which was a big burly security type guy guarding the place from the riff-raff who also patrol the middle-class streets of my neighborhood. “Busted” I thought.
But just when I thought I’d been made, my baseball t-shirt and relatively white but tanned skin became a blessing, as the security guard pegged me as a gringo tourist, and he figured I was just confused and had never seen a Starbucks before. It saved me from being further scrutinized. I kept moving towards that glass door, towards freedom from the corporate war on Christmas hell godless coffee store. I made it back out on the street sweating and breathing hard but I made it.
I did it. It was traumatic and unsettling but I found out the truth.
The Starbucks holiday cups are the same in Brazil. Just red with that green mermaid logo thing on the front.
The corporate war on Christmas is global. Good luck keeping the faith.
Man up Lola.
http://picpaste.com/pics/bd8096b27cf5d55d5dcfc56892c3ac1a.1447197471.png
Here’s another way I know he’s a fraud. He talks about thongs. An outsider’s view of Brazil. Like people from LA talking about the Hollywood sign or walk of fame. They don’t. Outsiders do.
Here’s another way I know he’s a fraud. He talks about thongs.
omg
U R A
paranoid……delusional……mental case
Saying you talk about thongs makes him a mental case?
Saying you talk about thongs makes him a mental case?
No. Here’s partly what makes Proxy/Strawberry/Clubber a mental case. He obsesses about me, and references me weeks and weeks after I’ve not posted. He gives himself handles referencing false ideas about me. Currently “ProxyServer” as if I’m not in Brazil. Weird dude.
He stalks me with creepy posts. I’m on his mind so much that he ponders my talking about thongs and extrapolates it to conclusions that are down the rabbit hole.
The dude is creepy and I’m a center of his creepy attention.
It’s not about thongs. The guy is unbalanced.
‘my talking about thongs’
So you did talk about thongs. I just wanted to get that out of the way.
Prove it Lola. Settle it.
So you did talk about thongs.
Yea I did. It was a joke about Brazilian bikinis. They are everywhere. Big part of Rio life. Trust me.
“Big part of
Riomy life.”I bet they are Lola. I bet they are. Picture Lola… Man up.
What’s wrong with that?
“What’s wrong with that?”
I’ll tell you what’s wrong with that.
It’s not a University president that won’t stop his car in the Home Coming parade to address a racial slur some frat kid made a year ago. It is also not about an email a Yale College Dean sent out telling students not to get upset about Halloween costumes.
Starbucks is doing the politically correct thing.
Get down on your knees and submit.
Gone are the snowflakes, fir trees, ornaments, sledders, snowmen and stars (From Starbucks Christmas Cups)
Because nothing says Jesus my savior is born like snowflakes, fir trees, ornaments, sledders, and snowmen. And nothing says paranoid delusional mass mental illness like “Christians” who require religious validation from an interglobal coffee chain.
““We are so incensed by any perceived omission of our personal faith from the public sphere that we go on a rampage,”
Solo Should Be Pissed About Starbucks’ Red Cups; Christians Who Are Pissed About It Can Go to Hell
http://www.phoenixnewtimes.com/restaurants/solo-should-be-pissed-about-starbucks-red-cups-christians-who-are-pissed-about-it-can-go-to-hell-7810792
Lunatic conservative Christians have momentarily run out of things to stamp their feet and pout about, and so they’ve decided to become incensed about the fact that the new holiday-themed paper cups being offered by Starbucks don’t have snowflakes printed on them…
…Jesus freaks are livid. “I’m officially banning Starbucks from my life,” wrote student pastor Nate Weaver
…..Andrea Williams of the U.K.-based organization Christian Concern had a more lucid, although equally ridiculous, complaint. “This is a denial of historical reality and the great Christian heritage behind the American Dream that has so benefitted Starbucks,” Williams told the Breitbart News Network the other day. “This also denies the hope of Jesus Christ and His story so powerfully at this time of year.”
…Because the controversy is so ludicrous, some are theorizing that the joke is on us—that this is just a skillful marketing scheme created by Starbucks itself.
….Christians who require religious validation from an interglobal coffee chain might take a holy moment to reconsider the sturdiness of their relationship with God.
One could argue that SBUX designed these simple red cups to represent the blood of Christ, without detraction from pagan images of trees or snowflakes. Christians should be praising, not boycotting.
Will Rio be waking up at 3 or 4 am for the next few days to show us he can too post in the morning time “in Brasil.”
Will Rio be waking up at 3 or 4 am for the next few days to show us he can too post in the morning time “in Brasil.”
LOL. You are unbalanced.
If you want to “ban Starbucks from your life” wouldn’t their high prices and mediocre coffee be enough of a reason?
Gone are the snowflakes, fir trees, ornaments, sledders, snowmen and stars (From Starbucks Christmas Cups)
I will admit this. I googled Starbucks holiday cups and they used to be beautiful!
This year’s ones are totally boring comparatively. I can see why some people would be disappointed by the lack of beauty and Christmas Spirit design.
But it’s not a religious thing or “war on Christmas” because snowflakes and Rudolph have nothing to do with baby Jesus imo. And red and greed are the color of Christmas anyway.
“But it’s not a religious thing or “war on Christmas” because snowflakes and Rudolph have nothing to do with baby Jesus imo. And red and greed are the color of Christmas anyway.”
Was “greed” a typo?
They should go back to white cups immediately.
One for every skin tone? And instead of calling your name, they’d shout…umm…no, maybe that wouldn’t work so well.
Yup. White cups are racis.
Make everybody bring their own cup, while keeping the prices the same.
Forward!
I find Starbucks annoying, period. America runs on Dunkin’.
Budweiser: Breakfast of champions!
This is where the holiday cups story gets interesting.
News
Is Starbucks’s Howard Schultz the Liberal Donald Trump?
The master of the macchiato denies he’s brewing up a presidential run, but in some ways he’s a natural candidate for the Democratic Party of 2016.
David Ryder / Reuters
David A. Graham
Aug 6, 2015
You can imagine why Democrats might be jealous. The big story on their side of the aisle in this presidential election is a candidate widely viewed to be both a prohibitive frontrunner and sort of boring—even by her backers, and even if her candidacy is historic because she is a woman. Meanwhile, the Republicans have Donald Trump!
Really, though, there’s no reason that Democrats can’t have their own Trump. What it would take? Well, first, you’d need someone with money—a lot of money. Say, about $3 billion dollars. He or she would need to have spoken out on political issues in the past, but never have actually run for office or been seriously involved in politics. This person would also have donated money to candidates of both parties. Ideally, that political involvement might involve some controversial comments about race, and accusations of political naïveté. The candidate would have to be from one of New York’s outer boroughs, obviously. An inept stint as owner of a professional sports team would be good, too.
Luckily, just such a man exists.
The Upwardly Mobile Barista
He is Howard Schultz, the CEO of Starbucks. Net worth? $3 billion, per Forbes. Political dabbling? Check. Donations to both parties? He hasn’t done much for Republicans, but he did give to John McCain in 2000, so it counts. Unwise comments about race? Schultz’s “Race Together” campaign wasn’t inflammatory, like so many of Trump’s comments, but it was widely panned. Place of birth? Brooklyn. Failed sports venture? Sure—Schultz used to own an NBA team in Seattle. (Pour one out for the SuperSonics, and make it a venti.)
Even better, his name is already being floated for president. The first major mention came, weirdly enough, in the New York Times column in which Maureen Dowd broke the news that Joe Biden was still considering a presidential run. “Potent friends of America’s lord of latte, Howard Schultz, have been pressing him to join the Democratic primary, thinking the time is right for someone who’s not a political lifer. For the passionate 62-year-old—watching the circus from Seattle—it may be a tempting proposition,” she wrote, but the morsel was somewhat overlooked beside the Biden tidings.
Schultz himself writes in Thursday’s Times that he’s not running. “Despite the encouragement of others, I have no intention of entering the presidential fray. I’m not done serving at Starbucks,” Schultz writes.
…
There is already an anointed candidate for the Establishment on that side that all the leftists here have pledged support to. Not even the illusion of choice.
Schultz has a strategy there. Get Trump and the Republicans talking about coffee cups while the other side talks about issues that voters care about.
Donald Trump propone boicotear Starbucks por no felicitar la Navidad
Publicado: 10 nov 2015 08:23 GMT
El candidato republicano a la presidencia de Estados Unidos Donald Trump ha propuesto boicotear los servicios de la red de cafeterías Starbucks por el diseño de sus vasos de cartón, informa la agencia AP.
En un discurso ante el electorado del estado de Illinois, el multimillonario criticó a la compañía por no añadir el tradicional ‘Feliz Navidad’ en sus vasos de usar y tirar este año para no ofender a los grupos religiosos no cristianos.
La decisión de Starbucks ha provocado el descontento de varios grupos cristianos.
Red Starbux cup,
You fill me up,
with rage…
A red Starbux cup is cheap and disposable
And in fourteen years they are decomposable
And unlike my home they are not fore-closable
Freddie Mac can kiss my ass woo
(Toby Keith, mostly)
“Do you find Starbux minimalist holiday cups design annoying?”
If I did go to Starbucks (which I don’t) I wouldn’t have found it as annoying as some kid with $100k in student loan debt writing “Race Together” on my coffee cup.
Starbucks Ends Conversation Starters on Race
By RAVI SOMAIYAMARCH 22, 2015
Howard D. Schultz, the chief executive of Starbucks, said in a letter to employees on Sunday that baristas would no longer be encouraged to write the phrase “Race Together” on customers’ coffee cups, drawing to a close a widely derided component of the company’s plan to promote a discussion on racial issues.
Asked whether Starbucks was reacting to criticism, Ms. Harper said, “That is not true at all. When we initially began the Race Together initiative, what we wanted to do is spark the conversation, because we believe that is the first step in a complicated issue.”
She added, “Leading change isn’t an easy thing to accomplish.”
The initiative, which began last week, was mocked with such vehemence on social media that the company’s senior vice president for global communications deleted his Twitter account because, as he wrote on Medium, he felt “personally attacked in a cascade of negativity.”
Isn’t Starbucks run by a Jewish guy anyway. Jesus was Jewish, so what’s the big deal? Did Jesus celebrate Christmas? What kind of cup did he take his caramel macchiato in?
Ted Cruz: Atheists shouldn’t be president
http://www.vox.com/2015/11/10/9699778/ted-cruz-atheists-president
This is why Bubba would always be holding those bibles and hitting up the baptist churches.
So are Bill Clinton and Ted Cruz basically birds of a feather?
It’s possible that Bill Clinton made a similar statement about atheists at one point. Maybe it wasn’t reported widely.
This atheist wouldn’t want to be president anyway. I do not want to be a ruler or to rule. Such desires are primitive. Political offices are artifacts of primitivism. Voluntaryism is the way of the future.
“Voluntaryism is the way of the future.”
Let’s see how that works out if the SHTF.
Atheists: Ted Cruz shouldn’t be president.
Besides, this guy is just a major douche. Only a loser state like Texas would elect a guy like this.
Early death in Oil City.
I think the report a week ago showing a rising death rate for Whites ages 45 to 54 should be the subject of more commentary. It seems the ultimate outcome of what’s been discussed on this site for over a decade. The death rate is not rising for Blacks and Hispanics perhaps because its better to be poor all along than to become poor later in life.
As I noted in my commentary I think this is the most important news of the past decade.
https://larrylittlefield.wordpress.com/2015/11/08/death-is-the-ultimate-statistic-ii-the-most-important-news-in-ten-years/
My addition to the discussion: the problems of this generation and those after go back a long way, well before 1999, the start of the study in the news last well. Their suicide rate was higher than those who came before at ages 15 to 24, back in 1980.
Pill poppers gonna pop. Also the financial meltdown might have something to do with that stat.
Freedom’s just another word for nothing left to lose.
Turns out that an increase in suicides makes the death rate increase.
Now we learn the oft-reported “death of the Middle Class” was more than a metaphor.
“Do you get the feeling that you’ve been cheated?” - Johnny Rotten
The death rate is not rising for Blacks and Hispanics perhaps because its better to be poor all along than to become poor later in life.
Yep. The browns never fell for that TrickeDownSupplySide rich white man’s lie. Therefore the browns didn’t become emotionally crushed when the TridkleDown lie didn’t work.
If indeed it was an anomaly of history that there was such a strong middle class in post-WW2 America, then I guess we are just reverting to the mean. The mostly white American middle class thrived because of the unnatural conditions (the world was “bombed flat”), now those conditions are over, so the white middle class shrinks back to its historic size: tiny.
Our government is also “reverting to the mean”, by turning into a oligarch/fascist/religious conservative led, police state/banana republic.
The mostly white American middle class thrived because of the unnatural conditions (the world was “bombed flat”), now those conditions are over, so the white middle class shrinks back to its historic size: tiny.
I hear that sort of thing at neighborhood gatherings occasionally. It sounds like something cooked up on Wall Street to persuade the American people that a majority of them should live in poverty or on the edge of poverty. I wonder how they disseminated that message to the population.
American middle class thrived because of the unnatural conditions (the world was “bombed flat)
….. It sounds like something cooked up on Wall Street to persuade the American people that a majority of them should live in poverty
Yes it does is a lie. And it implies that USA fell behind the world in wealth and productivity since the 50-60’s which USA did not. In fact the USA gained in per capita wealth and productivity since the 50’s and 60’s. Even in the face of formerly bombed out countries rising. So what went wrong?
What went wrong is that unlike the 50’s and 60’s the increased wealth and productivity gains were redistributed only to the rich. So now to whitewash over the current mal-distribution of wealth, the rich comes up with the lying theory of:
“The American middle class thrived only because of the unnatural conditions - the world was “bombed flat in WWII.”
Do the math. Don’t buy the BS.
I wonder how they disseminated that message to the population.
Probably through the MSM, think tanks, pundits, and trolls on the internet. The way they usually do it.
The real question is whether it’s true or not.
The real question is whether it’s true or not.
“[just as the Old Bailey demolition report is broadcast]
Patricia: You think people will buy this?
Dascomb: Well, why not? This is the BTN. Our job is to report the news, not fabricate it. That’s the government’s job.”
V for Vendetta
I really despise this syphilitic whore.
http://www.zerohedge.com/news/2015-11-10/his-own-words-why-obamatrade-right-thing-do-you-america
That is an affront to syphilitic whores everywhere.
“Now that you are here, you have a chance to experience everything that life can be in this country. We welcome you as a permanent resident, and we wish you a successful life in the United States,” the document concludes.
Feds’ ‘Welcome’ Guide for New Immigrants Advises on Public Benefits… in 14 Different Languages
by Caroline May9 Nov 2015
The Obama administration has released an updated welcome guide for new immigrants in the U.S. featuring detailed sections about obtaining public benefits including food stamps, welfare, and Obamacare.
“You or members of your family may be eligible for other federal benefits, depending on your immigration status, length of time in the United States, and income level,” the guidebook reads.
Titled the “Welcome to the United States: A Guide for New Immigrants” the publication is available in 14 languages: Arabic, English, French, Haitian Creole, Korean, Portuguese, Russian, Somali, Spanish, Tagalog, Urdu, Vietnamese, and two varieties of Chinese.
The guide offers detailed information on the expectations and rights of a permanent resident, tips on settling in the U.S., employment advice, and available public benefits. It also highlights reasons to become a citizen.
“This comprehensive guide contains practical information to help you settle into everyday life in the United States. It also contains basic civics information that introduces you to the U.S. system of government,” U.S. Citizenship and Immigration Services explains.
http://www.breitbart.com/…/ - 124k -
Did somebody say Permanent Democrat Supermajority?
Every clown in the GOP clown car screams it.
“… the publication is available in 14 languages… ”
Of course, because it would be a hardship for immigrants to learn the language.
I can’t imagine moving to another country and not learning the language well enough to function there.
one for the fixer
The Disturbing Truth About How Airplanes Are Maintained Today
In the last decade, most of the big U.S. airlines have shifted major maintenance work to places like El Salvador, Mexico, and China, where few mechanics are F.A.A. certified and inspections have no teeth.
http://www.vanityfair.com/news/2015/11/airplane-maintenance-disturbing-truth
Nobody can say I didn’t warn you.
Not mentioned is how they are getting around doing inspections at overseas shops.
By extending the inspection intervals. After all, they can’t screw it up if you don’t let anyone look at it.
Of course, the “read and understand English” issue is common at US based shops as well. So is finding an FAA guy with any experience.
Mentioned briefly is the fact that the FAA can’t enforce their requirements (drug/alcohol testing, training, etc) on overseas shops. But thanks to “trade treaties”, the FAA is required to accept inspection signoffs from foreign shops as equivalent.
Fortunately, like just about all owners of bizjets worldwide, owners of the two airplanes I’m managing don’t mind paying the freight at legit US/EU maintenance shops.
1%er airplanes get English speaking US mechs
The wretched refuse gets their airplanes fixed by the lowest bidder, whereever he’s at. I’m noticing a pattern……
This was very evident for us. Last Summer my wife flew BA to London to visit her sister. The flight from the day before was delayed 12 hours. I flew out there a few weeks later. The flight from the day before was delayed 26 hours (it left after my flight).
Needless to say, that and that fact that British Airway’s 747s are ancient didn’t give me any warm fuzzies.
I spent most of my Air Force career in aircraft maintenance. I remember lots of guys who got out and went to work for the airlines, wonder how many of them have been affected by this form of outsourcing?
Anyway, I’m a little skeptical about the “sky is falling” view in this article. The author is clearly implying that the aircraft are being poorly maintained by unqualified individuals. Imagine the lawsuits if an airliner goes down and it’s found that a maintenance error committed under such circumstances was the cause.
So from 2007-2013, the author cited five instances of problems that were caused, or allegedly were caused, by maintenance errors. Out of how many 100s of thousands of flights?
Was the author able to determine if any well-paid, licensed, U.S. mechanics ever made a mistake like the ones mentioned in the article? Or am I supposed to believe that they always do flawless work? None of them would ever leave off a lockwasher when putting things back together? Maybe the author didn’t look for that information, since it didn’t fit the narrative?
Speaking of the US mechanics, interesting that most of the alleged problems are being reported by the same people whose jobs are threatened by this outsourcing…
BTW, it’s revealing the author thinks we should be terrified that engine maintenance might be performed in China. A country that orbited a man in 2003 can’t work on a jet engine? LOL!
Well, they do make poisonous pet food and baby formula.
Mr Market is behaving as though he believes the Fed will follow through on December liftoff plans, which is setting up Wall Street for a massive Santa Claus rally in case of liftoff postponement.
Don’t be a sucker — buy the fawkin’ dip!
Charlie Brown, Lucy and the Football
Marketwatch dot com
Opinion: The party on Wall Street is just about over
By Irwin Kellner
Published: Nov 10, 2015 10:53 a.m. ET
Bull market lasted six years, but the Fed is about the pull the punch bowl away
The bull market was great fun while it lasted.
As far as the stock market is concerned, Monday’s decline was just a hint of things to come. A growing number of equity pundits think that stocks are heading downhill from here.
It was great fun while it lasted. I am referring to the bull market that began in March 2009 and didn’t look back until a couple of months ago. Since reaching its lows over six years ago, the major market averages (SPX, -0.15%) have more than doubled in price.
True, it was a bumpy climb, filled with thrills and chills. Two chills that come to mind are the “flash crash” of May 2010 and the swoon that took place this past August.
But the bear remained in hibernation. Neither these nor other declines met the criterion of a bear market. This means that the rise in stocks that began in March 2009 is one of the longest stretches without a bear market in quite a few years.
Not only that, but October was the best month for stocks in four years. As you might have expected, this has driven the market’s price-earnings ratio well above average. The current ratio for the Standard & Poor’s 500 stocks is a tad over 22; the average P/E ratio for these stocks since the 1870s is 16.6.
Investors should enjoy the good times while they are still around, for there are increasing signs that the party may soon be over. The Federal Reserve has dropped more than a few hints that it is planning to take away the punch bowl.
…
Man, the Sad Pandas and Leg Humpers are burning up the bandwidth about Trump these days. It’s almost like he’s living in their skulls rent free. “Marsha, Marsha, Marsha!”
Do your IP logs confirm these posts are all coming from the same Hillary troll farm?
Do your IP logs confirm these posts are all coming from the same Hillary troll farm?
Yawn. Is that your new meme until the election? That anyone for Hillary the next full year is a troll - all working for Hillary? You want to imply that in the hope of scaring them and shutting them up lest people might think of them as trolls?
Let me disabuse you of that. Fact. We’re probably going to have only 2 viable candidates. One Dem, One Repub. IMO, for about 53% of America, the Repubs are so foul that they will gladly vote ANY Dem over the Repubs. If Hillary is the candidate, you’re going to see many Dems post supporting her but that doesn’t mean they’re trolls. That means the Repubs are that foul.
Case in point. I hope Bernie Sanders wins the nomination. I don’t like Hillary much but I damn well will vote for her and support her instead of almost ANY Repub clown who wins the nomination.
That’s how badly many view the Repub Clown Car.
Over a million of Hillary’s Twitter followers are fake accounts.
Hillary’s real followers are corrupt, amoral POS.
‘they will gladly vote ANY Dem over the Repubs’
Yeah, that’s why the house and senate were lost in the past few years.
What you are saying can be summed up like this; we don’t need to put forth a good candidate. We don’t need to have a plan or change anything much. We can just go back to the wall street backed bench and pick someone (Hey let’s not have a penis on this one!) and keep going down the same old path. In short, you are taking the voter for granted.
Yes, the PTB have us in the two party death grip right now. But the independents will decide. Myself, I ain’t voting for another bomb-droppin’ Clinton. The last one sucked and I can remember how glad everybody was when they left town. I can’t say how other independents will go, I’m not that tuned into it. But any party that is saying, “vote for me because I’m not them” doesn’t have a real message, IMO. Times running out Democrats. We want a new car smell.
that’s why the house and senate were lost in the past few years.
Those are not national elections. There is a big difference.
What you are saying can be summed up like this; we don’t need to put forth a good candidate….
I’m not saying that at all. I have no control of the candidates. What I’m saying is that the Repubs are so foul in national elections that the Dems have won 5 out of the last 6 popular votes, and probably will again. If Sanders wins the nomination, I might go back to USA and work for him. Hillary? No. But I’d take her over any Repub.
In short, you are taking the voter for granted.
I have no control of the voter. I’m just pointing out the harsh political reality as I see it.
‘the harsh political reality’
The indisputable reality is that Hillary is bought and paid for. A wall street-backed, globalist warmonger. She wallows in it, in her private jets, with billionaires throwing money at her. She’s not even likable, much less talented. We can see the message. “Oh he used the word foul! Stick a fork in it. That ship has sailed. It’s like the rain, just enjoy it.”
I’m not feeling it Rio. I got no shivers running down my leg. I don’t smell a new car. There’s a stench, but no new car. Come up with a real candidate or I won’t even leave the house on election day. And BTW, Hillary has never won a real election. Think about that. I’d bet Obama won’t even vote for her. He may say he will, but I’d bet in private he’ll write himself in.
Hillary is bought and paid for. …She’s not even likable,
I’m not feeling it Rio….
You’re right. And I’m not feeling it either about Hillary. And for her to be the lessor of two evils vs the Repubs imo makes me despise even more the direction the Repubs have taken the past 30 years and the damage they have wrought on the political process and America.
Sincerely, I hope Bernie Sanders kicks Hillary’s A$$. And this blog knows darn well that I would be for Sanders WAY before I’d be for Hillary. Sanders says what I say. She doesn’t. But alas, the alternative of today’s crop of Repubs is beyond horrible imo.
Sorry. That’s the way I feel about the situation.
Rio’s been shilling for Hillary here for years. Wants to pretend Bubba never existed.
Rio’s been shilling for Hillary here for years.
u r a
liar too.
“(Hey let’s not have a penis on this one!)”
Doesn’t that work to guarantee at least half the electorate’s vote, including my own mom’s and three sisters’? After all, it’s obvious that Hillary Clinton represents the female race’s last best hope to win the presidency.
There are a couple of women in our office that I was speaking to the other day about politics.
I actually walked into the room to talk about how I couldn’t believe what Carson said about getting offered a scholarship to a military academy–one of the women is married to a graduate of a military academy (it was a natural conversation). She’s no dummy either…she has lots more letters after her name than mine–and she raised two very successful daughters (one is literally a rocket scientist, the other a patent attorney).
Anyway, I was quite surprised that my bashing of Carson turned quickly to her bashing of Hillary (she’s an independent, but as long as I’ve known her–going on 5 presidential election cycles–has leaned Democrat). Apparently, she thinks that the e-mail thing is indicative of a person who is not trustworthy. At that time, the other woman in the room chimed in her feelings on the matter…she also despises Hillary.
I know it’s a sample size of two, but I think your belief that people will vote for Hillary because they despise ALL Republicans may not be reflective of every Obama voter. Some will vote for whoever the Republican is because they despise Hillary.
When it comes to politics, these two people don’t sound particularly bright.
Ah, the Mike “don’t listen to this comment” thing.
“When it comes to politics, these two people don’t sound particularly bright.”?
When it comes to your response to this comment, you don’t sound particularly bright.
“She’s no dummy either…she has lots more letters after her name than mine–and she raised two very successful daughters (one is literally a rocket scientist, the other a patent attorney).”
“Apparently, she thinks that the e-mail thing is indicative of a person who is not trustworthy.”
Uh huh. Typical LIEberal this-is-how-you-should-thinkism.
No, it was just an observation. Feel free to listen. It’s possible that, as Rental Watch states, many voters may cast their votes for non-sensible reasons.
And there you go again…. another Lolaism.
Dispute what was said, but don’t say they aren’t bright. You don’t know that.
“It’s possible that, as Rental Watch states, many voters may cast their votes for non-sensible reasons.”
We got both Bush and Obama for second terms–lots of people vote for non-sensible reasons.
However, unlike most people on this board, the person I spoke to doesn’t vote for one “team” no matter what–which gives her more credibility in my view.
And I think the reason she dislikes Clinton so much is that she places a high importance on things like ethical behavior (after all, her husband has made a very nice living of helping to discover white collar cheaters–if he’s calling you, you better call an attorney).
All that said, if I was required to bet my kids college fund on one candidate today, it would be Clinton. It’s easier to vote for someone than against someone–and when Bill hits the campaign trail, lots of people will link her to him (improperly), remember with fondness the strong economy in the 90’s, and vote for her.
Even though people who think like my friend (you know, high importance on ethics) despise her. In my view, many people who vote for Clinton will be doing so for non-sensible reasons:
“She was married to a President, so I’ll bet she’ll be a good one.”
“She’s an attorney.”
“She’s the Democratic nominee.”
“The Teacher’s Union said we should vote for her.”
“The last name is Clinton, Bill is running again?”
“Is there no room anymore for a child or young person to be a little bit obnoxious … a little bit inappropriate or provocative or, yes, offensive? American universities were once a safe space not only for maturation but also for a certain regressive, or even transgressive, experience; increasingly, it seems, they have become places of censure and prohibition.”
———————————————————————
Yale Students Protest Halloween Costumes. Ignorance … - YouTube
http://www.youtube.com/watch?v=7QqgNcktbSA - 394k - Cached - Similar pages
3 days ago … Universities are not preparing these young minds for the cold, harsh reality of….. Halloween costumes. - Cultural Marxism at it’s finest.
—————————————————————————-
Yale Students Erupt in Anger Over Administrators Caring More About Free Speech Than Safe Spaces
By Katy Waldman
How did this happen? On Wednesday, Oct. 28, Yale College Dean Burgwell Howard sent out an email to the entire student body asking Halloween-goers to be sensitive to the cultural implications of their costumes. Though Burgwell defended students’ “right to express themselves,” he encouraged them to “actively avoid those circumstances that threaten our sense of community or disrespect, alienate or ridicule segments of our population based on race, nationality, religious belief or gender expression.” The lengthy email—replete with suggestions for inoffensive costumes and links to information on various stereotypes—angered some Silliman students, who felt straightjacketed and condescended to and protested to both Nicholas Christakis and his wife Erika. Erika Christakis, a child development researcher, sent out a response shortly after midnight on Friday, Oct. 30.
I don’t wish to trivialize genuine concerns about cultural and personal representation, and other challenges to our lived experience in a plural community. I know that many decent people have proposed guidelines on Halloween costumes from a spirit of avoiding hurt and offense. I laud those goals, in theory, as most of us do. But in practice, I wonder if we should reflect more transparently, as a community, on the consequences of an institutional (which is to say: bureaucratic and administrative) exercise of implied control over college students.
…
Is there no room anymore for a child or young person to be a little bit obnoxious … a little bit inappropriate or provocative or, yes, offensive? American universities were once a safe space not only for maturation but also for a certain regressive, or even transgressive, experience; increasingly, it seems, they have become places of censure and prohibition.
http://www.slate.com/…ale_students_protest_over_racial_insensitivity_and_free_speech.html - 189k -
Yale Students Erupt in Anger Over Administrators Caring More About Free Speech Than Safe Spaces
Yes. The far left wing is full of loons too. What a bunch of cry baby whiners. Good luck with that real life thing snowflakes.
Some kids are just due for a hard kick in the a$$.
Man o man - P.Bear’s links and screeds on the urban killing problems as a result of the ‘Ferguson Effect’ are on par with Ben’s links and screeds about the Housing Bubble yesterday - P. Bear all over this like Ben was all over the HB yesterday. Man o man.
The “Dirty Harry” plan: “Nothing wrong with shooting, as long as the right people get shot”
Too bad there is a lot of disagreement on who the “right people” are.
Out here in evangelist run Red State, the consensus seems to be (in no particular order): African American/hispanic/ illegal alien “criminals”, liberals/socialist/communists, abortion providers, A-rabs, non-NRA members, environmentalists, anyone who thinks Reagan wasn’t the greatest President, anyone who thinks we are going overboard on this “thanking the troops” business.
The Ferguson Effect is bullsh-t. The cops are having us believe
Prior to Ferguson: cop sees attempted murder in effect, intervenes, saves the victim. Crime rate stays low!
After Ferguson: cop sees attempted murder in effect, freezes in place out of fear of being accused of excessive force. Victim killed. Crime rate now rising!
Only a simpleton would believe this contrived claptrap.
“Only a simpleton would believe this contrived claptrap.”
Like Rahm Emmanuel?
Anyway, there is an interesting spike in the murder rate in cities across the U.S. in the immediate aftermath of the Ferguson riots and political response that warrants some kind of explanation, especially against a backdrop of economic improvement.
How do you explain the situation?
Trump
Trump has the “mark of destiny” about him, as someone posted on another blog.
Hillary just looks like she’s living one foot in the grave…
…. and the other on a banana peel.
That’s the best comment you’ve made in months!
Nice!
Let them both appear without make-up or hair dye, and even their most ardent supporters will run. They look like the Walking Dead.
who votes on looks? Is that why you liked Palin? oh,, sheeple!
FBI director concedes he has little evidence to support ‘Ferguson effect’
James Comey says it’s ‘common sense’ that police scrutiny has caused crime spike, as White House appears to distance itself from comments
FBI director James Comey conceded on Monday that he had little evidence to support his theory that a recent increase in crime was caused by heightened scrutiny of the police, as the White House appeared to distance itself from his remarks.
Addressing police chiefs at a conference in Chicago, Comey said he could not be certain that the so-called “Ferguson effect”, following unrest in the Missouri city after the fatal police shooting of an unarmed black 18-year-old last year, had led to a retreat by officers, but said this was “common sense”.
“The question is, are these kinds of things changing police behavior around the country?” said Comey. “The honest answer is I don’t know for sure whether that’s the case … but I do have a strong sense.”
http://www.theguardian.com/us-news/2015/oct/26/fbi-director-ferguson-effect-crime-policing-james-comey
Everybody loves The Donald. Everybody.
….. and don’t forget to fetch Mr. Trump a beer.
http://goo.gl/Vualp6
Except those dump enough to invest in any of his ventures of the years. The only argument for him as President is that he has the skills to negotiation terms for the bankruptcy of the U.S.
How is The Donald in touch with the feelings of the American people? The last stop on their economic misery tour was his casinos, before both they and the casinos went broke and got foreclosed.
The Donald reigns supreme in many heads.
“How is The Donald in touch with the feelings of the American people?”
Gloom, Despair & Agony… - YouTube
http://www.youtube.com/watch?v=ZAAKPJEq1Ew - 164k -
Anybody know when the next Trump real estate flipping seminar is coming to town?
Donald wants to make America great again.
When was our great period?
1921-29
50’s
then boom>big gov great society etc and real income has fallen since
When was our great period?
The Kennedy and Johnson years, as this chart shows: http://cdn.theatlantic.com/static/mt/assets/business/assets_c/2012/08/Pew_History_Middle_Class_Families_Income_History-thumb-615×447-96949.png
That was a time when union membership was high, corporate taxes were high, and income taxes were high. That revenue funded massive infrastructure projects that the private sector later used as a foundation for their success. The middle class prospered.
Now is a time when union membership is at an all-time low, taxes on the wealthy are low, and infrastructure is ignored. And the middle class has shrunk.
Reagan and Bush killed the middle class.
Donald says Obama is the worst president ever.
Donald Trump: “Obama Has Been The Worst President Ever”
“He’s been a horrible president. I always said the worst president was Jimmy Carter, guess what? Jimmy Carter goes to second place. Barack Obama has been the worst president ever. [In] the history of this country, Barack Obama is number one,”
Obama: unemployment down, home prices up, stock market up, GDP up.
Trump: four bankruptcies. And many of the business ventures that did succeed were heavily dependent on government subsidies and carve-outs.
The records speak for themselves.
Reagan and Bush killed the middle class.
But the sheeple believe that Trump will make America great again! Carson is over. I wish Rand would shift into high gears.
Which all means that Hillary will win.
Stock and home prices up? Yes, good job on that. Ignore the heroin, you feel good.
WADA, the world anti-doping authority in sports, finds evidence of massive state-sponsoring athletic doping in Russia. Russian participation in the next Olympics in doubt. Just days before the WADA team arrived for an inspection, 1417 lab samples were destroyed. And not one word about this scandal on Zero Hedge…
I don’t think you’ll ever find ANY sports related content on Zero Hedge. In case you failed to notice, it deals with economic and related social issues, not sports.
Connect the dots. Only writes bad press about America, good press about Russia. Exhibit A, a fawning article explaining to Westerners the virtues of Russia and the evil Ukrainians, trying to sell us on the Crimean invasion:
http://www.zerohedge.com/news/2014-04-30/battleground-ukraine-comprehensive-summary-russian-perspective
And this is different from our own government-media complex how?
I learn more about the US from non-US news sources every day. I can tune into the (one minute or less of) radio news on the hour and learn about the latest box-office flop and why the stock market went up or down that day.
A cultural Marxist professor in one of our Red Guard indoctrination centers tries to “control the narrative” by intimidating a student journalist…epic fail. WPA and MightyMike must be shaking their heads in disapproval at the SJW comrades’ failure to vigorously enforce political correctness on one and all.
http://www.breitbart.com/big-government/2015/11/09/mizzou-communications-prof-calls-muscle-student-journalist/
The reporter crossed a rope line that had a sign that said, No Media. Early in the video there’s a gentleman calmly asking the reporter to leave and he wouldn’t.
This is an instructive example of how the right-wing media twists the facts to, as Goon puts it, push and control the narrative.
The student journalist had every right to see what these SJWs were up to. Putting up a rope line that says “No media” at a very public gathering on campus doesn’t mean this student journalist should meekly submit to these Trotskyite agitators.
There you have a sentence containing SJW, political correctness and comrades. It’s unclear what these terms mean, but I’ve never expressed any interest in enforcing censorship, contrary to a number of accusations that have been made.
Comrades WPA & MightMike strongly admonish the citizenry to maintain their ideological blinders at all times and only get their news and narratives from Oligopoly-owned and approved media outlets.
http://www.infowars.com/photographer-threatened-with-mob-violence-for-asserting-first-amendment-rights/
Comrades WPA & MightMike
You’re better than that imo. People who champion middle-class, American ideals and an equal playing field are not “Comrades” in the Communist sense, and it is a disservice to American history and ideals to call them that imo.
It’s a tactic promoted by the TrickleDowners to perpetuate the new American oligarchy.
Listen to Lola, he’s an expert on communism.
Listen to Lola, he’s an expert on communism.
Thank goodness your doctor is an expert on paranoid delusional psychosis.
(You are one creepy dude, dude.)
I refuse to patronize any establishment that replaces human beings with “ordering systems.”
http://www.businessinsider.com/panera-bread-20-kiosk-ordering-system-2015-11
You’re gonna go hungry then . . . new minimum-wage laws are already accelerating this technology implementation. What will all of those newly-unemployed kids do with their advanced job skills (press “Big Mac” button on register)?
Nor does he buy anything from Amazon. And will never own a Tesla.
I’m assuming he still drives a car, and doesn’t demand auto companies get rid of all their robot welders.
To our self-appointed guardians of political correctness: make sure you’re appropriately attired.
http://www.ebay.com/itm/Uniform-Jacket-Tunic-fullset-Chinese-Peoples-Liberation-Army-Officer-Mao-Cadre-/111797946108?var=&hash=item1a07ad46fc:m:mrazt6sBmfK4CKQX3zK653w
lol
Dress up in a Mao uniform and show up at the voting polls for a great photo op of any local politician shaking hands and asking for your vote.
Gee, I see that Mr. Phony linked to something that mentions Mao written by one of those guys who uses his middle name. Did Alex Jones issue instructions from underground bunker to use Chairman Mao in the wacky rhetoric for next couple of months?
Citizens! The HBB’s resident Red Guards will experience paroxims of rage if you persist in micro-aggressing them by getting your news and information from renegade citizen bloggers who do not answer to the six corporations that own the entire MSM and are the only approved, responsible sources of news and information.
http://www.zerohedge.com/news/2015-11-10/university-missouri-activists-expel-media-demand-liberation-black-students
Since you seem so intent to push Zero Hedge, why not add links to Sputnik News and Russia Today? Make our day complete with a full slate of anti-Western pro-Russia propaganda.
Why are you so afraid of alternate viewpoints even when they are reporting facts? You seem to really really want to shut down any dissent to your opinion.
Not all commies get along together.
Alternative news sources are one of the best avenues for putting the lie to MSM reports.
And for outing the propaganda aparatchiks who post here…
Comrades WPA & MightyMike admonish you to report all hurtful speech and microaggression on the HBB.
http://www.mediaite.com/online/university-of-missouri-police-ask-students-to-report-hurtful-speech/
YAWN at all the partisan B.S. on here. They all serve the same masters, even if right now they are acting like they don’t and won’t.
True that. Voluntaryists are not impressed.
Wow. Can the unicorn candidates get any more crazy? Clinton is going to win by default.
With the Oct Jobs report in, and unemployment at 5% O has done what he set out to do! Fix that Bush Recession. Looks like rates can climb now.
what is there to complain about? (yes, the war and cost of it)
Speaking of unicorns:
‘Snapchat Inc.’s valuation was cut by a quarter by one of its biggest backers, the latest evidence that private technology companies are losing some of their luster.’
‘Fidelity, a fund manager which invested in the creator of the mobile app for sending disappearing photos and videos, marked down its stake in Snapchat by 25 percent to $34.5 million in the third quarter, according to data from Morningstar on Tuesday. Snapchat had raised cash from investors at a $16 billion valuation earlier this year, a person familiar with the matter said in May, bringing its total fundraising to $1.2 billion.’
‘Fidelity is reassessing its stake in Snapchat amid increasing anxiety in Silicon Valley that some privately funded companies may not live up to their lofty valuations. Other startups, including Dropbox Inc., have had their values adjusted downward by mutual funds in recent months. Last week, Square Inc. said it was seeking a market capitalization for its initial public offering that was significantly lower than its private-company valuation.’
http://www.bloomberg.com/news/articles/2015-11-10/fidelity-writes-down-value-of-snapchat-holding-by-25-
Silicon Valley; where many Yellen bucks go to die.
If a billionaire, venture capitalist loses $100m on a bet that gave employment to 100’s of people for a few years in Silicon Valey, does it make a sound?
I am not bothered by the valuations and money being thrown around. Free will to gamble. It is not tax payer dollars.
“It is not tax payer dollars.”
Where do Yellen bucks derive their value if not from the U.S. tax base?
and we all share gravity.
You are quick to give lots of credit to Obama for the economy.
Ask yourself:
Would the economy be better or worse today without Dodd-Frank?
Would the economy have been better off, or worse off without many years of paralysis while the ACA was implemented?
Would smaller enterprises be more or less strong without the regulatory overhang provided by the Obama Administration?
I note that we have massive consolidation in Health Insurance, and the co-ops created with the ACA to add competition are failing left and right.
I also note that we have the fewest local and regional banks than at any time since the Great Depression.
We are at 5% unemployment because that’s what happens after recessions/depressions. Economies recover. Sometimes with the aid of government, and sometimes in spite of it. Simply looking at the unemployment rate is not indicative of a helpful government. One of the most rapid recoveries in history occurred in the context of a government that did nothing (post 1920 recession).
I have a hard time pointing to things that the Obama administration did to make it easier for companies to grow and hire–and it’s easy for me to point to things that made it more difficult.
Does he deserve praise for that? Not in my view.
The U.S. economy is humming again.
October was a month of strong jobs gains. Since President Obama took office, the economy has added 8.7 million jobs.
On many fronts, there’s a lot to cheer. More people are getting back to work. Gas prices are extremely low. The stock market is back near its all-time highs. Home prices have rebounded in most parts of the country.
Even wages and consumer spending are finally starting to show signs of a pickup.
Unemployment is now down to 5% — a healthy level that the U.S. hasn’t seen since before the financial crisis of 2008.
Irony: A stronger economy is a problem for Republicans.
Yep - that just fabulous Oct. jobs report - yikes……
http://davidstockmanscontracorner.com/the-october-jobs-report-not-awesome-just-more-of-the-same-bls-con/
A republican opinion piece.
A stronger economy is a problem for Republicans.
Per Rasmussen, 51% disapproval rating of the President.
Per Gallup, 49% APPROVAL rating (below the average of 53% for Presidents at this point in their tenure).
People don’t seem especially thrilled with the President. At this time in his tenure, Clinton polled at 59% approval with Gallup.
Wages grew 2.5% in October from a year ago, the best increase since July 2009.
It’s great news for millions of struggling Americans whose wages have barely budged in recent years.
The October jobs report was strong across the board. The economy added 271,000 jobs, the unemployment rate fell to 5% — its lowest level since 2008 — and more part-time workers found full-time work.
Sure, plus or minus 100,000 jobs in future revisions.
Argh. Should I move my retirement funds back into Money Market for a while?
The stress guarantees I won’t be around to spend it!
Yes. But I went 85% cash way too soon. Missed a lot of gains.
Ben’s claims: offered a full scholarship to West Point .
Q: how much does WP cost?
Q: how much does (West Point) cost?
Nowadays 200-250K per 4 years depending on the program and extras FWIU.
A shout out to the Vets: (They don’t make the wars.)
MacArthur’s goodbye speech to his West Point. 1964
……. You are the leaven which binds together the entire fabric of our national system of defense. From your ranks come the great captains who hold the Nation’s destiny in their hands the moment the war tocsin sounds.
The Long Gray Line has never failed us. Were you to do so, a million ghosts in olive drab, in brown khaki, in blue and gray,º would rise from their white crosses, thundering those magic words: Duty, Honor, Country.
This does not mean that you are warmongers. On the contrary, the soldier above all other people prays for peace, for he must suffer and bear the deepest wounds and scars of war. But always in our ears ring the ominous words of Plato, that wisest of all philosophers: “Only the dead have seen the end of war.”e
The shadows are lengthening for me. The twilight is here. My days of old have vanished — tone and tint. They have gone glimmering through the dreams of things that were. Their memory is one of wondrous beauty, watered by tears and coaxed and caressed by the smiles of yesterday. I listen then, but with thirsty ear, for the witching melody of faint bugles blowing reveille, of far drums beating the long roll. In my dreams I hear again the crash of guns, the rattle of musketry, the strange, mournful mutter of the battlefield. But in the evening of my memory alwaysº I come back to West Point. Always there echoes and re-echoes: Duty, Honor, Country.
Today marks my final roll call with you. But I want you to know that when I cross the river, my last conscious thoughts will be of the Corps, and the Corps, and the Corps.
I bid you farewell.
http://penelope.uchicago.edu/Thayer/E/Gazetteer/Places/America/United_States/Army/USMA/MacArthur/1962_speech_to_the_Corps.html
$200-250k is the “value.” It is free in exchange for service.
Financially, cadets receive about $800 monthly pay. The pay is prescribed by the Department of Defense and tracks the pay scale for low grade officers. Deductions are made from this pay each month for taxes, uniforms, books, computer, laundry, haircuts and even a copy of the NY Times. 4th class cadets are given an allowance of about $200 per month. This allowance increases each year growing to about $500 per month for 1st Class Cadets. Over the 4 years (at current pay scales), a cadet will receive about $40,000 in pay of which about $16,000 is given to the cadets as allowances. The remaining $24,000 is deducted for expenses and federal/state taxes. Cadets are required to make a $2,400 deposit before reporting to West Point. If a cadet cannot afford the deposit, a loan within the cadet’s account will be arranged. This deposit is not returned unless a cadet drops out before reporting to West Point.
No charge is made for medical coverage, room and board or tuition since, as active duty military, the Army pays for housing, food and required training. Attending classes and doing homework assignments are assigned duties, not a choice.
Upon graduation cadets are obligated to serve 8 additional years in the Army, a minimum of 5 of which must be active duty. Additional years of service are required if you choice to attend graduate school while in the military.
Brazil bubbleboy does not having an effing clue how things in the USA actually work.
Christian Hypocrisy –
Hypocrisy is “claiming to have moral standards or beliefs to which one’s own behavior does not conform; pretense.”1 In fact, the ancient Greek word comes from the word for a stage actor or one who wears a mask. It is not necessarily the fact that they sin that makes them a hypocrite, it’s the fact that they don’t acknowledge it. They don’t admit that their lives contradict what they say. They are inauthentic and impostors.
Feel better?
You’re a helluva pianist Liberace.
Talking to a therapist might help you. Don’t they have those in Brazil?
#ConcernedStudent1950 vs the media - YouTube
http://www.youtube.com/watch?v=xRlRAyulN4o - 399k - Cached - Similar pages
1 day ago .
Photographer Threatened With Mob Violence For Asserting First Amendment Rights
“Safe space” authoritarians use Maoist tactics to intimidate free press
Paul Joseph Watson - November 10, 2015 1183 Comments
A photographer was threatened with mob violence by a professor at Missouri University after he tried to assert his First Amendment rights against “safe space” authoritarians who used Maoist tactics to shut down free speech.
The incident happened in the aftermath of yesterday’s resignation of University of Missouri President Tim Wolfe, who stepped down after failing to acquiesce to a list of demands from students that included a request he acknowledge his “white privilege”.
After students and professors formed a human shield to try and block reporters from covering the story, photographer Mark Schierbecker attempted to get an interview with some of the demonstrators.
The end of the video shows a woman who was later identified as Melissa Click, an assistant professor of mass media, grab Schierbecker’s camera before demanding that he leave.
Click then brazenly calls for mob violence to help remove Schierbecker.
“Hey who wants to help me get this reporter out of here? I need some muscle over here,” she yells.
At the beginning of the video, another photographer, Tim Tai, attempts to do his job as he is accosted by the crowd.
As the mob begins to encircle and intimidate him, Tai attempts to explain the meaning of the First Amendment.
“I am documenting this for a national news organization [ESPN TV],” Tai told the protesters. “The First Amendment protects your right to be here and mine.”
Tai is eventually pushed back by the mob, who appear to think that it is their “right” to physically assault someone to suppress their free speech.
After Click received a barrage of criticism for behavior, she locked down her Twitter account. It’s no surprise to learn that the professor is a fan of ‘Everyday Feminism’ and Planned Parenthood.
In a similar vein to another incident at Yale last week, during which Professor Nicholas Christakis was besieged by students after he sent an email criticizing their efforts to censor “offensive” Halloween costumes, the mob shown in the video employed Maoist tactics to intimidate Tai and Schierbecker.
As Breitbart.com reports;
“Students of history will notice an alarming similarity in the video above to the “struggle sessions” of Maoist China, a form of public shaming in which perceived enemies of the Party would be surrounded in a public place by Red Guards, Mao’s most zealous supporters. The Red Guards would hurl abuse at their target until they confessed to their crimes.”
“Uninformed critics might argue that the Red Guards were a weapon of the Communist state, and not a genuine grassroots movement, but they’d be wrong: the Red Guards started out as a student movement, on Chinese campuses. Afraid yet?”
It doesn’t appear that anyone’s first amendment rights were infringed.
Soros mob rules
Commie professor tries to incite mob violence against student reporter for exercising his 1st Amendment rights.
http://www.zerohedge.com/news/2015-11-10/caught-tape-university-missouri-media-professor-incites-mob-violence-against-reporte
Just a few hours ago you wrote that Zerohedge only covers economic issues.
It’s interesting that people don’t know how the bill of rights is supposed to work.
the Red Guards started out as a student movement, on Chinese campuses. Afraid yet?”
And the football team is in on it. And it’s spreading…
“Students of history will notice an alarming similarity in the video above to the “struggle sessions” of Maoist China, a form of public shaming in which perceived enemies of the Party would be surrounded in a public place by Red Guards, Mao’s most zealous supporters. The Red Guards would hurl abuse at their target until they confessed to their crimes.”
Sounds like a horrible political climate in which to work as university president.
I understand (from a report on NPR
) that the #ConcernedStudent1950 kidz hatched a plan to oust the university president after he wouldn’t look at them when they created a road block and wouldn’t let his car pass. The prez was probably justifiably terrified. I’m pretty sure the road block tactic was illegal, and the conspiracy to take down a university president over personal grievances may have been as well.
“Mind The New Lows - Copper, Junk Credit, & More”
Dollar up up up! Prices down down down….
http://www.zerohedge.com/news/2015-11-10/mind-new-lows-copper-junk-credit-more
“Treasuries Higher on Overseas News, Falling Import Prices”
http://blogs.barrons.com/incomeinvesting/2015/11/10/treasuries-higher-on-overseas-news-falling-import-prices/
Remember…. nothing accelerates the economy like falling prices to dramatically lower and more affordable levels. Nothing.
Rates will be low for years daniel son.
Further driving demand ever lower.
Remember this;
US Housing Demand Plummets To 20 Year Low
http://4.bp.blogspot.com/-qRBemWyulY0/VNGrDCBXzOI/AAAAAAAAiMA/jdA2RQkiNDc/s1600/MBAFeb42014.PNG
As long as their are loans there will be demand.
50k trucks are still selling cause folks can get a loan for 8 years.
homes are still selling cause you can get a shot in the casino with 0- 3.5% down.
Folks backed up the truck with margin accounts to buy stocks.
The credit is there.
Plenty of free money and still cratering housing demand. Don’t know what to tell you Poet.
“50k trucks are still selling cause folks can get a loan for 8 years.”
Yep… no arguing that point.
Funny how the GOP ( watching debate now) complain there are too many poor people.
Gotta love how they will cut taxes and make our military stronger. pooof! magic! Fix the VA - poof and cut taxes.
Do they forget they had full control for 6 yrs under Bush and we all witnessed the disaster?
Santorum: replace the VA with “centers of excellence.” ya cant make this stuff up!
these clowns will say anything. no passion behind their words. christie seems like he is lost.
Huckabee wants to give the veterans a bigger paycheck AND cut taxes.
Christie cant even control what he puts in his mouth.
spend, spend….. debts, debts…..
Doral, FL Housing Craters; Prices Plummet 15% YoY
http://www.zillow.com/doral-fl-33178/home-values/
Take that. pow! ( opposite of the Bush era)
shale and other high-priced producers out of business.
In August, the country announced plans to sell $27 billion in bonds to make up for its budget deficit, which the IMF said at the time could reach 20% of GDP because of the plunge in oil prices.
Now, the OPEC giant is reportedly prepared to run up its debt to 50% of annual GDP over several years of borrowing in order to cement its hold on the global oil market. In a report (paywall) by the Financial Times, unidentified Saudi officials gave no indication how much in total the country is prepared to borrow, but half of GDP could mean hundreds of billions of dollars in bond sales.
I will vote for whoever will be the toughest on Wall Street regardless of their affiliation, education policies, immigration, and so on…I am a one issue voter.
Now accepting recommendations
as long as banks give out credit created out of thin air serfs will continue to line up.
Folks chasing pieces of paper around is quite interesting.
Hasn’t been born yet.
Bernie.
Sanders (drafted Too Big to Fail, Too Big to Exist Act)
Blue, school me in the ways of the simple, frugal, peaceful dad. I need to stop volunteering for the consumer treadmill. It’s killing me and I don’t like it.
(Regulars, please pardon me as I indulge… I’m having a Red Pill moment).
“I need to stop volunteering for the consumer treadmill.”
Problem is… you’re not living. Yeah, you, the Norman Rockwell middle class guy who obeys all the rules, spends eight to ten hours every day slowly dying in a fugg’n cubicle making chump change that barely pays for the family’s needs, driving a boring economy car with plastic everything that you can’t hear running, re-heats at home that [you] have to re-heat after sitting in traffic; man… no respect. And then there’s that limp, “the mass of men lead lives of quiet desperation,” pretend you’re satisfied sex life. Shopping will never replace what a real euro split-tail serves up.
The Repub debate is a joke. Is this 1980? The same old failed cr@p for 35 years. Cut taxes for the rich, lower regulations, freer trade….
There should be a new Repub 2015 slogan:
“The Republican Party… Bereft of New Ideas Since 1979!”
+1
New idea: Ben wants to take away the home mtg deduction.
Trump wants to build a wall at all cost
cant remember the other guys names
so funny to hear these GOP goofballs say the economy is headed the wrong way?
Hello 2009?
Hello 2015?
do they know how to read a chart? What yr do they want to return to?
almost embarrassing to watch.
Carson’s tax plan takes away all deductions. mortgage and charitable.
Rand, the only fiscal conservative. People boo’d him when he said he cut Military spending
Anyone watching this? Jeb is soooooooo bad.
The USA is not weak!
“US Import Prices Tumble, Ex-Fuel Drop Biggest Since 2009 As World Races To Export Its Deflation”
http://www.zerohedge.com/news/2015-11-10/us-import-prices-tumble-again-biggest-miss-6-months
Falling prices…. falling falling prices. Excellent news.