My afternoon train reads:
• Central bankers are saving the world because politicians won’t (Reuters)
• Ed Butowsky, Dallas’ $3 Billion Money Manager (D Magazine)
• The “Infrastructure” Cliff: Why the U.S. Desperately Needs a $2.5 Trillion Upgrade (The Atlantic)
• Mozilo Unbowed Says Countrywide Was ‘World-Class Company’ (Bloomberg)
• What we talk about when we talk about a TV from Apple (Quartz)
• Google gets its mojo back (CNN Money)
• Americans Back Obama Tax-Rate Boost Tied to Entitlements (Bloomberg) see also Dems hold the middle ground. GOP is on fringe. (Washington Post)
• Greenland and Antarctica ‘have lost four trillion tonnes of ice’ in 20 years (The Guardian)
• Tips for Viewing the Geminid Meteor Shower (Universe Today) see also Weird meteor shower to peak tonight (Boing Boing)
• The 36 Most Memorable Moments at the 12-12-12 Concert for Sandy Relief (SPIN)
What are you reading?
2,000 years in a single graphic
Source: Economist
Category: Financial Press
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
RE: What are you reading?
Can Washington D.C. become more depraved?
A total of 4,486 U.S. soldiers were killed in Iraq between 2003 and 2012, we are now arming those Al Qaida fighters who killed US Soldiers in Iraq with heavy & sophisticated weapons seized from the Libyan army to take control of Syria.
It’s the reason depressing reason our “Ambassador” was killed in Libya…apparently…some swords have two edges?
“…[Syrian] rebels have gained ground with sophisticated operations and heavy weapons, typically spearheaded by Nusra fighters who fought U.S. forces in Iraq….U.S. officials [have] concluded that Al Qaida in Iraq had moved its operations to Syria…The United States is pursuing a strategy of arming the rebellion with arms captured from Libya…But the policy seems to be backfiring [as Al Qaida has been gaining in popularity].”
http://www.businessinsider.com/obama-admin-admits-to-covertly-sending-heavy-weapons-to-syrian-rebels-2012-12
Read more here: http://www.mcclatchydc.com/2012/12/12/177244/head-of-new-us-backed-syrian-coalition.html#storylink=cpy
The Guardian is notorious for pushing the left wing view of the religion called global warming. It certainly is NOT anything to do with science.
Try some facts instead:
http://stevengoddard.wordpress.com/2012/09/30/antarctic-sea-ice-facts/
http://www.newsmax.com/Newsfront/Antartica-ice-global-warming/2012/09/30/id/458115
http://hockeyschtick.blogspot.com/2012/12/new-paper-finds-accelerating-increase.html
Return to Son of The CRA Made Us Do It, part eleventy: The Phantom Menace
http://news.investors.com/ibd-editorials-viewpoint/121212-636853-washington-policies-caused-fiscal-collapse.htm#ixzz2Exxql5WX
That Central Banker article = hilarious. All they’ve done is monetize, lie and print to the tune of Trillions of $$$ of funny money. That isn’t creative or even interesting and it is what enables the politicians to avoid doing what is necessary!
CountryWide “World Class”!?!? – The Utter Insanity of the .1%, is beyond belief. You couldn’t make this stuff up, in a movie. No One Would Believe these Money Manager’s could be So STUPID.
An algorithm DESTINED to FAIL, FAILED, does Not Equal World Class.
Anyone stupid enough to read a blog called: “Hockey Schtick” has just notified the audience who’s the sucker in the room.
The right has now given Al Gore FAME for putting a famous name on a graph type now more common then the Bell Curve.
- Airline Flights over 200 years = Hickey Stick.
- GDP
- Coal Production
- Gas Production
- Atlantic Shipping
- Food production
- Global Fish Catch
- Books published
- Human Population Growth
All Look JUST LIKE Al Gore Hockey Sticks.
But, the Al Gore Hockey Stick graph also resembles Population Growth and Crash charts, what we’re not seeing yet, is the equally rapid crash in population, through global warming drought, and crop failure or through a global pandemic, which will also bring down carbon output.
One way or the other.
Through a Carbon Tax or through a Population crash, take your pick.
Let me add, we’re still waiting for the Right Wing “Global Cooling” that was supposed to start 3 years ago.
Let’s check things out: Al Gore Predictions: 100% accurate.
Right Wing Predictions: 100% wrong.
A four year old article on Ed Butowsky. Were there no Don Luskin pieces around to share?
Overshoot: The Word of the Day.
http://www.energybulletin.net/stories/2005-03-15/overshoot-nutshell-malthus-was-optimist
Merrill unapologetically bullish….
http://www.theglobeandmail.com/globe-investor/investment-ideas/merrill-unapologetically-bullish-for-2013/article6220077/
BlackRock 2013 Outlook….
http://www2.blackrock.com/global/home/BlackRockInvestmentInstitute/2013-Investment-Outlook/index.htm
pretty interesting-
110 Predictions For The Next 110 years
hat tip – Marginal Revolution
Climate change deniers prefer quack and crank sites like Newsmax, Real Science and Hockey Schtick to any place where science is actually conducted but that just means there will be a good supply of suckers who think investment in middle western farmland, Guyana timberland or Spanish vineyards is solid strategy for the long-term.
Good thing for the sellers the chumps won’t believe this kind of drivel: Climate change: Drought may threaten much of globe within decades /snark
NB: Not that I would rely on The Guardian or any other corporate media source as a science reference either; the fact that any of them would probably be superior to NewsMax is hardly a recommendation because that bar is as about as low as it gets. Anyone who wants the real quill on atmospheric research can naturally persue the logical and rational course of relying on sources such as UCAR/NCAR’s AtomosNews.
http://www.huffingtonpost.com/2012/12/13/high-end-tax-hikes-crs-report_n_2295737.html
WASHINGTON — A Congressional Research Service report that was reissued Thursday after Republicans complained about it before the elections still finds little evidence that the Bush-era tax cuts spurred growth or that hiking the top rates would have more than a “negligible” impact on the economy.
The CRS study did find, however, that the lower tax rates in place since 2001 have had a strong impact on increasing income inequality in America.
remember that compounding pharmacy? NECC? seems they dont have enough insurance to even cover the damage the caused. now i suppose some would say that the patients should have known better right? after all, in a free market its on the patients to figure out if the drugs they are being given are tainted.
http://news.yahoo.com/dozens-sue-pharmacy-compensation-uncertain-095148272.html
I’m reading “Home Seizures Rise as Banks Adjust to Foreclosure Flow”
http://www.bloomberg.com/news/2012-12-13/home-seizures-rise-as-banks-adjust-to-foreclosure-flow.html
I wonder if a small increase (“Banks repossessed 59,134 homes, up from 56,124 from November 2011″) will grow enough to reverse the rising RE prices? In other words, will the homebuilders be a “short” come spring time?
Borken linky for the Mozilo story
http://www.bloomberg.com/news/2012-12-13/angelo-mozilo-unbowed-says-countrywide-was-world-class-company-.html
The article is a hoot, btw.
I love this one snippet.
And borken formatting for me… Forgot that slash on the blockquote. Sorry.
the best guess for next year by an economist?
http://6thfloor.blogs.nytimes.com/2012/12/12/17-things-i-learned-from-reading-every-last-word-of-the-economists-the-world-in-2013-issue/?smid=tw-share
Infrastructure!
Lockheed needs $1,500B (a trillion and half) for the F-35, USA don’t need no infrastructrure.
The empire will pillage the US to the tune of $66T over the next 75 years to eat infrastructure and kill the New Deal!! Lockheed is more important than the US’ 99%!!
Can’t come up with $2.5T!!
Would like to see these diagrams done for various US financial types:
Networks and the risk of relying on who you know (Financial Times)
blogs.ft.com/businessblog/2012/12/networks-and-the-risk-of-relying-on-who-you-know/?
“The assumption that “it’s not what you know, it’s who you know” has informed business and politics for decades, even centuries. But the benefits of strong networks – and networking – are shadowed by threats. When is a network too cosy, and, if you’re outside the network, how would you know?…”
Chart’s not correct. China’s GDP for 2008 was $4.5T, no the over $15T shown on that chart.
Another lobbyist cashes in at the revolving door.
http://jonathanturley.org/2012/12/13/crying-fowler-top-drafter-of-obamacare-return-from-whence-she-came/
Any wonder that the OCA was a sellout to insurers.
Very interesting conversation on the state of the PC, tablet and phone markets. It’s labeled “Worst of 2012″ but is much deeper than that:
http://www.guysfromqueens.com/shows/whatthetech/what-the-tech-ep-145-worst-of-2012-12-11-12/
Mike in Nola,
Good call out!
BR, I watched you on “Bloomberg” with Tom Keene and I heard you say there’s no inflation. Is this investor speak? While fuel has come down slightly, food continues to climb and not so quietly, the containers of that food have gotten smaller (i.e. 64oz. OJ now 59 oz.). That matters to a middle-class family like mine.
Also, FRED data continues to climb with dollar destruction:
http://research.stlouisfed.org/fred2/series/CPIAUCSL
http://research.stlouisfed.org/fred2/series/CUUR0000SA0R
Oversimplified? I don’t know.
Obama, Boehner hold “frank” meeting amid “fiscal cliff” frustration
“…At times raising his voice, Boehner criticized Obama earlier in the day for putting jobs and the economic recovery at risk by insisting on raising tax rates for the wealthiest 2 percent…”
http://www.reuters.com/article/2012/12/14/us-usa-fiscal-idUSBRE8A80WV20121214
Now I suppose one could look at it that Boehner is the one putting jobs and the economy at risk for the taxes on the top 2%.
jimrino and gregg, my guess is that neither of you actually looked at the sites you are disputing. the guardian article clearly had a link included that was a peer reviewed science paper with all of their supporting data. at least two of the links that gregg offered as counter evidence had links to peer reviewed findings that counter the ice loss claims, and one link to an NOAA press release from a couple of months ago showing record high sea ice extent in the Antarctica.
@thomas hudson & greggcwa Says:
See:
http://www.skepticalscience.com/antarctica-gaining-ice-intermediate.htm
The science is very clear. Must be harder and harder to deny reality. Things are changing and it ain’t good.
http://www.washingtonpost.com/politics/ap-gfk-poll-belief-in-global-warming-rises-with-thermometers-even-among-science-doubters/2012/12/14/b73743d0-45c4-11e2-8c8f-fbebf7ccab4e_story.html