A friend of mine last night had his car stolen for the second time in two weeks. Despite my sincere empathy for him, all I could do was list in my head the prima facie case for a couple of intentional torts. I think that I do in fact need to sue somebody as soon as I pass the bar and get admitted, or else I'll never become human again...
EXTENDED-RANGE MODELS HINTING AT A PATTERN CHANGE LATE THIS WEEKEND
AND ERY NEXT WEEK AS LARGE-SCALE TROUGHING DEVELOPS OVER THE ERN
CONUS. THIS WOULD LEAD TO A BREAK IN THE OPPRESSIVE HEAT...BUT MAY
BE ACCOMPANIED BY A SVR TSTM EVENT EITHER LATE SAT OR SUN WHEN THE
COLD FRONT MOVES THRU.
The possibility of severe thunderstorms this week-end has already caused us to think about where we would go if the power went out for more than a few hours.
'For you ... anything.' Barclays Libor emails paint ugly picture - The Buzz - Investment and Stock Market News
"We have another big fixing tom[orrow] and with the market move I was hoping we could set the 1M and 3M Libors as high as possible," a trader in New York asked an individual who submits the banks' rates to British regulators on May 31, 2006.
This was Eric's point from earlier today, i.e. the pressure wasn't always to lower LIBOR.
I expect Unemployment claims to tick higher, either in the last week of July or sometime in August. The August payroll report (released in September) will probably show a loss of jobs.
Care to point to the country that fixed its debt problems with more debt?
Do you think they ran big surpluses to reduce their debt ratios? LOL
...
Check the U.S. after WWII as well. Many, many more!
Well, here is the U.S. picture after WWII as concisely as I could show it. Clearly running budget surpluses didn't reduce debt ratios whereas inflation/additional debt accompanied by growth did.
These power problems are omens. Without electricity this society will begin to die. I do not exaggerate. There are changes coming if only because social-self-preservation will start to manifest itself. That doesn't guarantee success, but it does portend some kind of change.
Humans are genetically predisposed to optimism when they are young, and pessimism when they get older. It doesn't make any sense but it works for the species.
Yes, but there are forces of dissolution at work. No doubt we can all disagree about what they are, which is another negative. While we argue with one another the forces continue to work.
One of my dad's ancestors was a signer of the DoI... we can blame him.
Any debt-free male, land-owning slaveholder that had sufficient wealth to be able to take several months away from his livelihood could have attended the Constitutional convention for our fledgling republic. Class never factored into it.
People looking at the photos they were framing with their iPhones instead of looking directly at the real thing?
Poor form to reply to your own comment, I know, but it just occurred to me that for the iPhone generation who experience every live event vicariously through their cellphone screens, there's no difference between looking at your cell photos during a live event and reminiscing over the photos later. The map has become the territory. "Cell" is the right word.
There came a time in the old SU when Gorbachev said to an adviser: We can't go on this way. That was in about 1985. When that happens to societies they change or go under.
According to the article older people may be happier, partly because their memory becomes selective--they remember the good stuff, not the bad.
In Thinking, Fast and Slow, Khanman discusses experiments where people are subjected to sessions of long periods of intense pain followed by short periods of reprieve, and sessions of shorter periods of intense pain followed by no periods of reprieve. When asked which sessions they would repeat if given the choice, subjects mostly choose the former because their memories focus on the reprieve rather than the pain.
Really, RiF, the playing field is level on this one - at the least. Unless you are speaking from experience. But what would you be doing here?
Very true. But the statement is tautological - illusion and delusion can and in many cases do persist to the very end. Until that end is reached, at which point illusion drops away. Behind wisdom, age. Behind age, death. Two foes we cannot cheat.
Poor form to reply to your own comment, I know, but it just occurred to me that for the iPhone generation who experience every live event vicariously through their cellphone screens, there's no difference between looking at your cell photos during a live event and reminiscing over the photos later. The map has become the territory. "Cell" is the right word.
I've been thinking about this, primarily in terms of the relation between autobiography, letters, and fiction for former centuries, as writing filtered memory and the self. For the youth, the cellphone and Facebook plays a similar function, although I don't think the experience is as highly processed, given the ephemeralality of the representation. But that probably gives letters and diaries too much respect.
Nice prog on the Isle of Man countryside by Auntie Beeb.. - part of it is has John Noakes on his tiny ( 125 cc ) BSA Bantam trying to get round the TT course - background musak ( Shadows and Apache of course ) - Bike and countryside lovers should catch the prog.
Me too, but I'm not sure intelligence has much to do with.
SOUND THE NOTES
It is most fitting that the poet should grow less,
Being is a burden, that he welcome nothingness
Let the wave notes ripple and the piercing bugles play,
Chords of glory sound their prodigious rhapsody,
Let the low mouse creep then among the giant keys,
Hear the Master coming, twitch its ears and freeze
No, My gentle creature, you must run along the board
And sound the notes with tiny feet, I am the Lord
But that probably gives letters and diaries too much respect.
Interesting points ... so dandies recording their every experience in a diary that nobody would read is like hipsters posting every mundane experience on their blogs or youtube.
I have become far more absent minded, but also more creative. I cannot tell you how many sets of keys or credit cards I've lost. Very annoying but I guess I'd rather be me.
I know my fallacious arguments, you cunning old misanthrope..
I'm not misanthropic so much as distrustful. But when I see self-giving in other people it breaks up the ice in me.
I merely meant that comment about the question of age and illusion.
so dandies recording their every experience in a diary that nobody would read is like hipsters posting every mundane experience on their blogs or youtube.
REAL hipsters have never had a mundane experience!
primarily in terms of the relation between autobiography, letters, and fiction for former centuries,
at one stage diaries were confessionals -a rhetorical device to remind us ALL of our wicked hearts.. As pietism took hold in parallel with evangelism ( were they different ) as a reaction to the Enlightenment - you have people told again and again how wicked they are in their heart of hearts - and diaries was a literary device..
So George Mosse told me my cat in Lecture 10 - and she ( perhaps not with too much fidelity ) whispered on in my ear.
No, it's the only hope left for people who have become too sophisticated for religion. Deus ex machina, without that bothersome "God" to think about.
I find this very moving, and anything I say would be inadequate.
Dame Julian of Norwich, a 15th century English mystic, said after a vision: All shall be well, and all shall be well. She said also that she'd seen Christ holding the world in his hands, and that it was about the size of a hazel nut.
at one stage diaries were confessionals -a rhetorical device to remind us ALL of our wicked hearts.. As pietism took hold in parallel with evangelism ( were they different ) as a reaction to the Enlightenment - you have people told again and again how wicked they are in their heart of hearts - and diaries was a literary device..
So George Mosse told me my cat in Lecture 10 - and she ( perhaps not with too much fidelity ) whispered on in my ear.
He is largely, although not completely correct. But it is clear he read many of the 17th century diaries by the Puritans (Shepherdson's autobiography is an often neglected classic in this vein).
Diaries, however, also functioned as a kind of day journal in which people logged themselves, as represented by their day's experience, with reflection. The Puritans seeking out their justification in fear and trembling is not a motive to be ignored however, in terms of the growth of inwardness and the modern sense of the self, but I do think the impulse had some wider motives as well.
I merely meant that comment about the question of age and illusion.
I liked this comment by Eric Sykes - UK comedian, RIP 7/3/2012 at the ripe age of 89 - perhaps a bit of a .. - but that's for another time -
Sykes himself reflected late in life: "I tend to live in the wonderful world of my head, where every day the sun shines. Because of my age I like to live in an armchair and do just that."
Greetings from the other side, my fine neandertal allele-bearing cousins.
Friday electricity flowed through my home, then did it not.
Saturday early morning I first searched one half hour for gasoline, and I waited for my turn at the pump of one of four operating stations for nearly another half hour. I congratulated myself when I met a man the next day who boasted that he'd passed 8 shuttered stations before
Almost everyone was able to recall the rules of 4-way stop and apply these at 6-lane intersections. Then I sought shelter from 12 to 5 at the only "emergency cooling center," a public library, on Sunday, Monday, Tuesday, Wednesday. I borrowed books which I took home to read languidly by latern from 7 to 10.
Between the library and home I scavaged ice and the day's salad bar offering. I cleared little debris, excepting the old storm door which blew off its hinges. This was simple good fortune. Most conspicuous damage the first two days were whole trees felled across roads rather than homes.
And pairs of Maryland State Troopers who, oddly enough, when finally deployed to direct traffic looked so much alike in stature, mannerism, and coloring as to be manufactured.
A couple of afternnoons the associate and I ventured to grandma's residence, where the seniors gathered and shared outlets and refreshments with friends and relatives. We brought DVDs for the 60" plasma.
Hobo House and Wildlife Conservatory was vewy, vewy still and sweltered. It still is. Such is The Swamp in summer, in any case.
So, I say, change isn't all terror. I thought you all might like to know.
Friday electricity flowed through my home, then did it not.
Saturday early morning I first searched one half hour for gasoline, and I waited for my turn at the pump of one of four operating stations for nearly another half hour. I congratulated myself when I met a man the next day who boasted that he'd passed 8 shuttered stations before
Almost everyone was able to recall the rules of 4-way stop and apply these at 6-lane intersections. Then I sought shelter from 12 to 5 at the only "emergency cooling center," a public library, on Sunday, Monday, Tuesday, Wednesday. I borrowed books which I took home to read languidly by latern from 7 to 10.
Between the library and home I scavaged ice and the day's salad bar offering. I cleared little debris, excepting the old storm door which blew off its hinges. This was simple good fortune. Most conspicuous damage the first two days were whole trees felled across roads rather than homes.
Good luck, Mary; we've been in the same place in Ike and Alison and it isn't pretty. You were lucky to find a station; 5 days after Ike, I drove up the main drag, saw a line and was lucky enough to fill the tank and the cans I had brought with before the station shut down. Two days later, most stations were beginning to open.
Eat the perishables first, then move to the canned goods. If you have chlorine or bleach, you can treat the water if necessary.
Glad you are ok Mary. Here gas stations are supposed to have pump back up or a manual pump. I have my doubts. We shall see.
That was the lesson after Ike here. Stations here are now inspected; if the gas replenishment had taken another week here, it could have turned uglier. As it was, Houston fared pretty well, with the better side displayed by most.
Greetings from the other side, my fine neandertal allele-bearing cousins.
Friday electricity flowed through my home, then did it not.
Good to know that you are okay. Hear the common man see the news, and mutter to his friends... "I can't believe this is happening here! Where is the government, and why aren't people helping? It's not like this is some third world country - this is America."
Pontius Pilate had been a topnotch economist with the central Roman bank before his appointment as governor of Palestine. In effect, he was kicked upstairs by the anti-inflationists who had taken over the Roman Treasury under Tiberius, a notorious believer in high interest rates in order to maintain a low inflation rate even at the risk of a certain degree of unemployment in the nonslave sector. Pontius Pilate was a full-employment supply-side economist, like Jesus. Privately, Pilated applauded Jesus's monetary policy, and he was perfectly willing to set him up as a King of the Jew, like Herod before Him, but always under Roman rule.
Now, James was one of the arbitragers driven from the Temple and so hew was opposed to the inflationary policies of his populist brother. Yet James had a vsision, too, based on the messiah myth which will never die in Jewish circles. James was obliged to follow his brother in all things. James also thought that once Jesus and Pilated had struck a deal, James would be able to edge the prime rate up, since Jesus would be too busy arranging for the Day of Judgement and the establishment of the Jewish State as the first in the world in order to make it easier for Got to wind up the whole show.
Asit turned out, the treasury at Rome ordered Pilate to eliminate Jesus and bring the Temple banking system back into line under the governor's direct control even if that meant occupying the Temple precinct itself, something that could not be done without civil war. So Pontius Pilate, very sadly, crucified the first low-interest rate monetaris that the Jews had produced since Jesus's ancestor King David, also an easy-money freak.
Asit turned out, the treasury at Rome ordered Pilate to eliminate Jesus and bring the Temple banking system back into line under the governor's direct control even if that meant occupying the Temple precinct itself, something that could not be done without civil war. So Pontius Pilate, very sadly, crucified the first low-interest rate monetaris that the Jews had produced since Jesus's ancestor King David, also an easy-money freak.
~ Gore Vidal, 1992
Gore is always worth reading. His grandfather, the blind Thomas Gore was Senator from Oklahoma. Supposedly GV would read him the Congressional Quarterly, but that may be apocryphal, although I think GV mentions it in one of his essay collections. Lost my intelligence so I can't remember.
Sitting in my comfortable house, on the internet, with a fridge full of food and a pool out back, having just gotten back from a leisure trip in the car with a/c on, took a hot shower today and didn't worry about my safety...
thank you le Penguin. saves me from throwing a fit - having a stroke- at least one other American apart from me knows the facts of the matter. that'll do.
Sitting in my comfortable house, on the internet, with a fridge full of food and a pool out back, having just gotten back from a leisure trip in the car with a/c on, took a hot shower today and didn't worry about my safety...
Better buy some online, you may need it to trade for food soon, and heating oil when the winter comes!
I hear you RE, and I don't understand how it works. I'm just saying if we have to deficits to build wealth, then why not just create wealth - if it's so simple.
You sure we aren't conflating monetary and fiscal policy concerns here?
aye. This storm was uncanny, all of 20 minutes high wind 30 - 70 mph, very little precip in my area.
I filled up once, it was enough. We've only heard water conservation warnings, because the mains continued despite power failure at treatment plant, day 1 - 3. PEPCO purportedly prioritized restoration.
Nothing in the frig was salvagable to my taste. I didn't bother to open it until the power came on today. So I cleaned it out and sluiced the shelves. This was good work with the Yamahas blasting at notch 5.
thank you le Penguin. saves me from throwing a fit - having a stroke- at least one other American apart from me knows the facts of the matter. that'll do.
Even the poor hill-billies in rural Missouri when I was in grade school would be considered wealthy by most world standards, and that was a relatively impoverished area, although not up to rural Arkansas or Louisiana or Mississippi poverty standards.
I had no sense, of course, that I might live the way I now take for granted in the energy megalopolis.
I'm being overly harsh to call us third world, but give it time.
Wealth distribution will come to closely resemble those of a corrupt third world regime. Albeit on a higher tier of the economic ladder. That's why it is so difficult to see or understand, as most of us simply HAVE NO CONCEPT of the levels of wealth that exist within that top 1% Much less of the skullduggery and subterfuge which will be required in order to keep it.
because the mains continued despite power failure at treatment plant, day 1 - 3. PEPCO purportedly prioritized restoration.
You might want to put a little bleach in the water, then, unless they give the all clear, but it sounds like the water is OK. Water and gas, then food distribution are the 3 priorities, so it sounds like they've done it right. Electricity can take a while; I know people who didn't have it for more than 3 weeks. It only took us a week.
Not really. Do the math. If you have 0 free time, you have 0 wealth, same with health. Just a thought.
Yeah, but with a cool billion or so you don't need much of either one. You can't monetize an ethical pronouncement or statement of values without opening the possibility that it will be gamed.
Every time I read another article about how wonderful a flyover of AF jets was at some event ("makes me feel proud"- proud of what? I always wonder) I wonder how great the person would think that flyover was if he/she had to pay $7/gal (today's dollars) for gas in order to pay the DoD's fuel bill. http://www.fas.org/sgp/crs/natsec/R40459.pdf
I'd be more impressed w/HSR that I could afford to ride cross country, and/or a real UE of 5% w/most people earning a living wage w/good health care benefits or a health care program such as many other "advanced nations have).
jeez.. watching CrimeWatch UK - first time in a couple of decades -
you can't do cash-transactions on scrap metal anymore, cheque or other trackable payments only - and a cop calmly saying how cool it is and law-and-order-shill babe reporter cooing and ahhing as to how good this is to stop CRIME !
say it ain't so.. googling for confirmation - jeez its true..
that's the end of the rag and bone man and we'll never see the likes of the hit comedy "Steptoe and Son " again - remade in the USA as Sanford and Son - I have no idea how good that variant was.
But really - why pick on these guys - yeah yeah some public modern public sculptures have been nicked but some would say good riddance.
And haven't the cops better things to do ? like LIBOR fiddling ?
To be sure, the power that these technologies give for agencies, or corrupt groups within those agencies, to destroy the lives of targeted individuals, is itself a fitting answer to the question of why government surveillance should be troubling to us. But beyond what can happen to specific, targeted individuals in such a scenario, however, is a much larger question: What if this data, our emails, our phone calls, our credit card transactions, our social media posts, our cell phone GPS logs, and all of the hundreds of other pieces of data that are admittedly being collected on us every day, were being fed into a database so gargantuan it contains a digital version of every single person on the planet? And what if that database were being used by the Department of Defense to war game various scenarios, from public reactions to natural disasters to the likelihood of civil unrest in the wake of a declaration of martial law?
Remarkably, this is precisely what is happening
It is called the “Sentient World Simulation.” The program’s aim, according to its creator, is to be a “continuously running, continually updated mirror model of the real world that can be used to predict and evaluate future events and courses of action.” In practical terms that equates to a computer simulation of the planet complete with billions of “nodes” representing every person on the earth.
Every time I read another article about how wonderful a flyover of AF jets was at some event ("makes me feel proud"- proud of what? I always wonder)
Well, proud of the demonstration of Big Daddy's ability to kick ass when the family is threatened! He can be abusive and a tyrant at times, but he keeps us safe
I think Thoreau ate OK, although he did hike over to his Mom's house several times a week. I guess her basement wasn't big enough or didn't have a Playstation.
"Most men, even in this comparatively free country, through mere ignorance and mistake, are so occupied with the factitious cares and superfluously coarse labors of life that its finer fruits cannot be plucked by them. Their fingers, from excessive toil, are too clumsy and tremble too much for that. Actually, the laboring man has not leisure for a true integrity day by day; he cannot afford to sustain the manliest relations to men; his labor would be depreciated in the market. He has no time to be anything but a machine. How can he remember well his ignorance- which his growth requires- who has so often to use his knowledge? We should feed and clothe him gratuitously sometimes, and recruit him with our cordials, before we judge of him. The finest qualities of our nature, like the bloom on fruits, can be preserved only by the most delicate handling. Yet we do not treat ourselves nor one another thus tenderly.
Some of you, we all know, are poor, find it hard to live, are sometimes, as it were, gasping for breath. I have no doubt that some of you who read this book are unable to pay for all the dinners which you have actually eaten, or for the coats and shoes which are fast wearing or are already worn out, and have come to this page to spend borrowed or stolen time, robbing your creditors of an hour. It is very evident what mean and sneaking lives many of you live, for my sight has been whetted by experience; always on the limits, trying to get into business and trying to get out of debt, a very ancient slough, called by the Latins aes alienum, another's brass, for some of their coins were made of brass; still living, and dying, and buried by this other's brass; always promising to pay, promising to pay, tomorrow, and dying today, insolvent; seeking to curry favor, to get custom, by how many modes, only not state-prison offences; lying, flattering, voting, contracting yourselves into a nutshell of civility or dilating into an atmosphere of thin and vaporous generosity, that you may persuade your neighbor to let you make his shoes, or his hat, or his coat, or his carriage, or import his groceries for him; making yourselves sick, that you may lay up something against a sick day, something to be tucked away in an old chest, or in a stocking behind the plastering, or, more safely, in the brick bank; no matter where, no matter how much or how little.
I sometimes wonder that we can be so frivolous, I may almost say, as to attend to the gross but somewhat foreign form of servitude called Negro Slavery, there are so many keen and subtle masters that enslave both North and South. It is hard to have a Southern overseer; it is worse to have a Northern one; but worst of all when you are the slave-driver of yourself. Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests? Does not he drive for Squire Make-a-stir? How godlike, how immortal, is he? See how he cowers and sneaks, how vaguely all the day he fears, not being immortal nor divine, but the slave and prisoner of his own opinion of himself, a fame won by his own deeds. Public opinion is a weak tyrant compared with our own private opinion. What a man thinks of himself, that it is which determines, or rather indicates, his fate. Self-emancipation even in the West Indian provinces of the fancy and imagination- what Wilberforce is there to bring that about? Think, also, of the ladies of the land weaving toilet cushions against the last day, not to betray too green an interest in their fates! As if you could kill time without injuring eternity.
The mass of men lead lives of quiet desperation. What is called resignation is confirmed desperation. From the desperate city you go into the desperate country, and have to console yourself with the bravery of minks and muskrats. A stereotyped but unconscious despair is concealed even under what are called the games and amusements of mankind. There is no play in them, for this comes after work. But it is a characteristic of wisdom not to do desperate things.
When we consider what, to use the words of the catechism, is the chief end of man, and what are the true necessaries and means of life, it appears as if men had deliberately chosen the common mode of living because they preferred it to any other. Yet they honestly think there is no choice left. But alert and healthy natures remember that the sun rose clear. It is never too late to give up our prejudices. No way of thinking or doing, however ancient, can be trusted without proof. What everybody echoes or in silence passes by as true today may turn out to be falsehood tomorrow, mere smoke of opinion, which some had trusted for a cloud that would sprinkle fertilizing rain on their fields. What old people say you cannot do, you try and find that you can. Old deeds for old people, and new deeds for new. Old people did not know enough once, perchance, to fetch fresh fuel to keep the fire a-going; new people put a little dry wood under a pot, and are whirled round the globe with the speed of birds, in a way to kill old people, as the phrase is. Age is no better, hardly so well, qualified for an instructor as youth, for it has not profited so much as it has lost. One may almost doubt if the wisest man has learned anything of absolute value by living. Practically, the old have no very important advice to give the young, their own experience has been so partial, and their lives have been such miserable failures, for private reasons, as they must believe; and it may be that they have some faith left which belies that experience, and they are only less young than they were. I have lived some thirty years on this planet, and I have yet to hear the first syllable of valuable or even earnest advice from my seniors. They have told me nothing, and probably cannot tell me anything to the purpose. Here is life, an experiment to a great extent untried by me; but it does not avail me that they have tried it. If I have any experience which I think valuable, I am sure to reflect that this my Mentors said nothing about."
On this holiday, I am reminded that our 250th will be in 2026.
Curiously, 2026 - 62 is 1964, meaning the entire baby boom will be eligible for SS by then.
The story of our economy 1965-now has been all about the BB, and it will remain so.
By 2016, 24 years of Presidents -- Clinton, GWB, Obama, and even Romney will have been all boomers.
I wonder at what systemic changes can and will be made this decade to get our ship squared away for the baby boom burden.
In some ways their retirement will be immensely stimulative, in that their pension and Medicare benefits will flow through them right into working America, who could clearly use the work.
But, their size is immense -- 80 million boomers compared to 130M current working Americans today.
We were supposed to have our fiscal affairs in order by now to be able to handle this burden, but we elected some bad people who did a lot of stupid things to our economy and national finances.
It's all reversible, but we're really running out of time. The events of the next year -- it's upcoming budget battle Armageddon -- look to be interesting, if not frightful.
Frankly, I don't think we have it in us any more. There's nobody of import to Obama's left now, and Obama himself is center-right to my eyes.
The Republican primary clownshow may be over but the cold reality (to me) of at best divided government remains.
And if the Republicans take all 3 branches of government again . . . They did an immense amount of damage 2001-2006 and don't even seem to be cognizant of that at all, let alone the active role they played while in the majority 1995-2000.
Guess I don't "Believe in America", sigh. Good luck, all.
its fascinating watching CrimeWatch UK - all these CCTV pics of rioters - almost a year later they are STILL at it and trying to catch them - must have frightened the elite somewhat - that little escapade.
where's the pics of the banksters heh ? let alone - "you are nicked mate".
i think you are probably right, rob, but I am barely older than he was at the time of that writing.
It was more irony at myself, not you--I assumed you were younger. (Part of my fondness is personal--I'm not sure I would have gone to grad school if I hadn't read Thoreau back in high school.)
where's the pics of the banksters heh ? let alone - "you are nicked mate".
I think they know where the banksters are. But it's a fair caught and no-one's to blame. Except Diamond.
Will interesting to see if Libor has blow-back here in the states, particularly if a token few are put up in stocks in the Mother Country while ours have gone scot free. There's no law against stupid, which I guess is why they deserve so much money.
I think Thoreau makes that exact argument in the first two chapters of Walden. Not that he's right, necessarily.
Wealth at its most primary is the state of being well.
I am wealthier than Steve Jobs -- the nation's greatest capitalist in our history -- now, for cancer laid him low last year.
Wealth is also the things that make us well, that give us utility of satisfying our needs and wants.
It is the roof overhead to keep the rain out, the furnishings to keep stuff off the floor, and the sidewalks and streets to facilitate getting around. It is the food we eat and the air we breathe. For some reason I like calling this "direct" wealth.
The next level of wealth is the productive capacity to create the above hard wealth, and the skills we need to be efficient wealth creators. We call this capital wealth, or maybe "indirect" wealth.
The next level is monetary wealth, the financial and legal creations we use to facilitate trade in capital and direct wealth.
Wealth is many things, but at the end of the day if you are happy, you are wealthy, at least for then.
No one is more of a slave than he who thinks himself free without being so.
Enjoy when you can, and endure when you must.
Johann Wolfgang von Goethe
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
Common man and third world country, heh. Matter of fact, my first phone call today was from a (soul) sister, who immigrated from Sierra Leone where 80% of the population does not have electricity every day, and we did take time to reflect on whether and how any of the s here would be able to appreciate the opportunity laid bare by their dependences --convenience and consumer choices.
so let's hope I can sleep through the noisy fireworks
try reading, not even the actual works but just the wikis on Lutheranism, Pietism, Methodism, Cavinism, Arminianism - nice table and all to explain the differences - but first you have to understand the row / case labels.. Zzzzzzzz . there's always watching the Wimbledon when rain has stopped play. that works too. Zzzzzz
Thanks for this. After the third day recharging the Nook, I took myself to B&N ostensibly to purchase Anna Karenina for the associate (who had intimated an interest, unexpectedly, when it wasn't to be found in the pubic libary). COME TO FIND OUT, B&N Classic imprints on sale, 50% PLUS buy2get1free. Of course, I snatched The Brothers, too. That was easy, the third though was a tough decision for myself, but I finally laid down Walden and picked up Tao te ching.
To "Believe in America" to me is to "Believe the BS".
Blame the crooks.
"The crooks" didn't screw us over. We did all that to ourselves. Pointing the finger upwards avoids the ugly reality all around and among us.
Depends on what you think America is. America can be someone's home in a small town where they go to work and pay their rent. America can be someone's address and home. Sure, to an extent, people do stuff to themselves by thinking they are doing the right thing at the time. Mistakes are made. To say crooks don't screw folks over is an unusual sentiment. In your world, then guess we don't need laws or law enforcement. We do things to ourselves. The woman who was raped had it coming. It was the homeowner's fault their home was burglarized. Elderly folks who are scammed had it coming. Maybe shoulda known, etc. That sort of thing. Weird way to look at things.
‘Britney is going through a funny phase at the moment and saying she doesn’t want to get her boobs done,’ said Mrs Marshall, a 53-year-old mother of nine.
TWO ! that's the road to hell mate - look at this pietist painting 1866 - see the pizza joint on the right ? you can't ? proves my point - no pizzas on the road to somewhere under the rainbow..
He got the whole recovery wrong, and now ZH cites his analysis!
Promising to pay a mortgage on a house for 30 years is a gamble right now plain and simple. Who knows what even the next 12 months will bring from the organized crooks.
Thanks for this. After the third day recharging the Nook, I took myself to B&N ostensibly to purchase Anna Karenina for the associate (who had intimated an interest, unexpectedly, when it wasn't to be found in the pubic libary). COME TO FIND OUT, B&N Classic imprints on sale, 50% PLUS buy2get1free. Of course, I snatched The Brothers, too. That was easy, the third though was a tough decision for myself, but I finally laid down Walden and picked up Tao te ching.
I'm about off to bed, but if you download Adobe Digital Impressions, it has a feature to convert Google Books downloads to Nook-compatible formats that you can drag over to the Nook from your computer.
Word to the wise.
Any Google Books images prior to copyright can therefore become Nooks compatible. That would include Thoreau and Tolstoy.
It is a bit of a pain, however. http://www.adobe.com/products/digitaleditions/help/
What % do you assume will reach 66, 67, whatever the age of full retirement for SS retirement benefits will be (changes depending on year of birth)? Anecdotally, there seem to be a fair number of people around here dying in their 50's. There's already indications that the lifespan of people in the US is decreasing. Life expectancy across the U.S. - The Washington Post
Bob Diamond says he learned that Barclays had lowballed Libor only this month. Do you believe him?
Depends on what your definition of "know" is. There's no direct reason he should have known, but there's no way he could be a good CEO of a bank and not suspect. All the skullduggery seems to have been a couple levels lower. Just like our American CEOs, plausible deniability.
I'm really getting bad vibes from the dog track mentality here at CR:
The on-going recovery stories are one thing, but the addition of betting on speculation seems sort of stupid ... I guess standard news aggregation isn't cutting it anymore?
Also here. More fireworks tents this year too (fireworks sellers set up tents in parking lots-that's how fireworks are sold where I am). Town;s fireworks display starts around 10pm, I think, but it sounds like some people have decided to make the neighborhood's pets miserable setting off their own fireworks instead.
When the people do not fear your might
Then your might has truly become great.
Don't interfere with their household affairs.
Don't oppress their livelihood.
If you don't oppress them they won't feel oppressed.
Thus the sage understands herself
But does not show herself.
Loves herself
But does not prize herself.
Therefore she lets go of that
And takes this.
Thank you! She had just turned 14, and it was a very difficult ending for both of us; probably the most intense experiences I've ever had in my life, and then a parting hug that had the most amount of love I've ever felt ... the 4th sort of triggers some old memories, but that's a good thing:
Yea, it's hard ... she had me pretty well trained through the years; it was funny how she would pick out people for me to meet along our walks, and she hated other dogs until her last breath; she was great!
If I've seemed a little on edge lately and more bitter than usual, I apologize for being creepier than normal ...
that morning after...
...
strange dream last night.... I had a one on one conversation with Romney.
how fu&ked up is that?
...
due no doubt to **too much vodka **and back to back to back episodes
of Breaking Bad...
We just need more money dropped that's all.
I just want to be first in line.
Kauai_Kahuna wrote:
Do you accept Euros?
or would you accept a draw to a royal flush against a pair of threes?
Rajesh wrote:
You can buy
with Euros, right?
Done with Article 9... If I pass the bar, supposedly I'll be competent to represent anyone who gets their car Repo'd.
Maybe that should be tonight's flick?
sm_landlord wrote:
[checks bloomberg terminal] Yup, as of 30 sec ago.
MBW wrote:
You'd better; we've got people to SUE!
Oh, grab me a
too.
HomeGnome wrote:
A friend of mine last night had his car stolen for the second time in two weeks. Despite my sincere empathy for him, all I could do was list in my head the prima facie case for a couple of intentional torts. I think that I do in fact need to sue somebody as soon as I pass the bar and get admitted, or else I'll never become human again...
azurite, you've got
again.
Hi CR,
what would make you to rethink where the economy is heading?
thanks
MBW wrote:
MBW wrote:
Rajesh wrote:
lawyers may be sharks, but law students/grads are in fact
s
Read this on our DC forecast discussion.:
EXTENDED-RANGE MODELS HINTING AT A PATTERN CHANGE LATE THIS WEEKEND
AND ERY NEXT WEEK AS LARGE-SCALE TROUGHING DEVELOPS OVER THE ERN
CONUS. THIS WOULD LEAD TO A BREAK IN THE OPPRESSIVE HEAT...BUT MAY
BE ACCOMPANIED BY A SVR TSTM EVENT EITHER LATE SAT OR SUN WHEN THE
COLD FRONT MOVES THRU.
The possibility of severe thunderstorms this week-end has already caused us to think about where we would go if the power went out for more than a few hours.
Rickkk wrote:
"We have another big fixing tom[orrow] and with the market move I was hoping we could set the 1M and 3M Libors as high as possible," a trader in New York asked an individual who submits the banks' rates to British regulators on May 31, 2006.
This was Eric's point from earlier today, i.e. the pressure wasn't always to lower LIBOR.
Latest power fiasco has led to renewed calls for underground cables. Pepco says it would cost 4 billion.
I expect Unemployment claims to tick higher, either in the last week of July or sometime in August. The August payroll report (released in September) will probably show a loss of jobs.
Local regulatory agencies have blamed themselves for not more strictly regulating the utilities.
Have you posted a poll about it yet?
HomeGnome wrote:
No, there is a prediction for the June payroll report.
June Non-Farm Payroll jobs | Hoocoodanode?
pavel.chichikov wrote:
Why? Deregulation worked wonders for the banks!
TJ and The Bear wrote:
Well, here is the U.S. picture after WWII as concisely as I could show it. Clearly running budget surpluses didn't reduce debt ratios whereas inflation/additional debt accompanied by growth did.
U.S. Post War Debt
Revisionist history? Hmmm.
Shanghai:
2204 -1.05%
SHCOMP Quote - Shanghai Stock Exchange Composite Index - Bloomberg
Happy Independence day CR...whats left of it.
These power problems are omens. Without electricity this society will begin to die. I do not exaggerate. There are changes coming if only because social-self-preservation will start to manifest itself. That doesn't guarantee success, but it does portend some kind of change.
the answer to bad governance is more bad governance
shill wrote:
We are still allowed to bitch so there's something left of independence.
i'm consistently amazed at how terrible the American culture has become... and how stupid its constituents are.
What now?
Rob Dawg wrote:
Apparently.
pavel.chichikov wrote:
Hear that shredding sound? No, it's not the Constitution, that is already a done deal. It's the social contract...
Macy's Fireworks in 2012 looked very similar to this:
red this year ... grim foreboding, perhaps...
wishes everyone a Happy July 4th!
to Bill, KCoop and those who are no longer with us!
YouTube - July 4th Fireworks seen from the Rooftops of Brooklyn NYC
...
a lot more
the
this is still a great country, nonetheless, and trust me
"I've seen things!" (Blade Runner)
YouTube - Khmer BladeRunner & Babe on a Bike: (Rutger Hauer's Death Scene)
...
I raise my glass of
I dunno HG. I think it gets worse from here.
One of my dad's ancestors was a signer of the DoI... we can blame him.
Indeed it will, Rocky.
On the plus side, I had some really nice smoked ribs earlier.
RockyR wrote:
Not really. Understanding how the system works is essential to good governance.
Again: Private Sector Surplus or Net Saving = Government Deficit + Current Account Balance
Without a government deficit the private sector cannot nominally savegrow given a balanced current account.
Humans are genetically predisposed to optimism when they are young, and pessimism when they get older. It doesn't make any sense but it works for the species.
Duke of Con Dao wrote:
Yes, but there are forces of dissolution at work. No doubt we can all disagree about what they are, which is another negative. While we argue with one another the forces continue to work.
Rajesh wrote:
Cite?
Link?
RE wrote:
When am I going to be given a balanced current account?
Rajesh wrote:
Age is the great solvent of illusions.
Rajesh wrote:
Link?
HG:
HomeGnome wrote:
Folk wisdom.
Rajesh wrote:
Calendus Graecus.
MBW wrote:
Any debt-free male, land-owning slaveholder that had sufficient wealth to be able to take several months away from his livelihood could have attended the Constitutional convention for our fledgling republic. Class never factored into it.
pavel.chichikov wrote:
Genetics = folk wisdom in what universe? Link?
we can create our own wealth RE.
Aaaarrrrrrggghhhh, the Equation is back!
pavel.chichikov wrote:
Feckless Ness wrote:
I don' need no stinkin' links.
ResistanceIsFeudal wrote:
pavel.chichikov wrote:
I think we had this discussion before, but you and the missus might want to look into a generator if you don't already have one.
Rajesh wrote:
Once the reserve currency isn't the Dollar anymore.
This chart shows the interplay of sector balances well and how often a shrinking private sector leads to recessions.
http://neweconomicperspectives.org/wp-content/uploads/2012/03/untitled-32.png
Little publicized Revolutionary War fact: Paul Revere was court martialed for his leadership "failures" on the Penobscot Expedition.
pavel.chichikov wrote:
Everyone's.
How were the fireworks, liz? People looking at the photos they were framing with their iPhones instead of looking directly at the real thing?
MBW wrote:
YouTube - Paul Revere
RockyR wrote:
Well, if you count it in dollars it won't happen without government deficits.
Rajesh wrote:
Not always: Why are older people happier?
According to the article older people may be happier, partly because their memory becomes selective--they remember the good stuff, not the bad.
edit to add: although being happy doesn't necessarily preclude pessimism.
ResistanceIsFeudal wrote:
YORICK TO HAMLET
Folly, folly, why do we go on?
Delusions of glory and of memory,
We are all forgotten
Imprinted on the wind, on the stars
But so faintly done
I am unreadable by anyone
My track grows dead, is cold
In what footsteps do you tread
That by sundown are so old?
By love I hold on, by love I follow
Where true love leads
Though my ribs are hollow
See what mercy I become
In this milky skull -
Through the socket blows the wind
I too, though comic, were as you
And though I am forgotten
I am as once, as new
Inside these holes? But where?
Pick up my skull and see
New ramparts rising there
For on them walks no ghost
But the spirit of the dead
In a different host
Hear not that demon
Calling for revenge
Or put me down
Pavel
June 30, 2012
Mom's ancestors led Benedict Arnold's crew to Quebec after they were abandoned by those other Maine NDNs. We probably should have followed suit.
Really, RiF, the playing field is level on this one - at the least. Unless you are speaking from experience. But what would you be doing here?
YouTube - Beastie Boys Brass Monkey
pavel.chichikov wrote:
So what are they estimating this outage is causing for them? And for their customers?
sdtfs wrote:
Obviously.
traderwalt wrote:
Back
at you.
sdtfs wrote:
Including lost income plus pain & suffering (of customers)?
lawyerliz wrote:
Ever since I learned F≠Ma I've been suspicious of simplifications.
Feckless Ness wrote:
Poor form to reply to your own comment, I know, but it just occurred to me that for the iPhone generation who experience every live event vicariously through their cellphone screens, there's no difference between looking at your cell photos during a live event and reminiscing over the photos later. The map has become the territory. "Cell" is the right word.
YouTube - Beastie Boys - Three MC's and One DJ
There came a time in the old SU when Gorbachev said to an adviser: We can't go on this way. That was in about 1985. When that happens to societies they change or go under.
azurite wrote:
In Thinking, Fast and Slow, Khanman discusses experiments where people are subjected to sessions of long periods of intense pain followed by short periods of reprieve, and sessions of shorter periods of intense pain followed by no periods of reprieve. When asked which sessions they would repeat if given the choice, subjects mostly choose the former because their memories focus on the reprieve rather than the pain.
pavel.chichikov wrote:
cite ? link ?
edit:
- Feckless Ness beat me to it .
and the map of wisdom to truth ?
Nice one HG btw.
Rob Dawg wrote:
Facts?
Actually no, they were looking, Feck.
skk wrote:
On a finance and economics blog?
pavel.chichikov wrote:
Very true. But the statement is tautological - illusion and delusion can and in many cases do persist to the very end. Until that end is reached, at which point illusion drops away. Behind wisdom, age. Behind age, death. Two foes we cannot cheat.
lawyerliz wrote:
They've figured out that someone will post the fireworks on youtube anyways.
skk, have you become more stupid as you've grown older?
Feckless Ness wrote:
I've been thinking about this, primarily in terms of the relation between autobiography, letters, and fiction for former centuries, as writing filtered memory and the self. For the youth, the cellphone and Facebook plays a similar function, although I don't think the experience is as highly processed, given the ephemeralality of the representation. But that probably gives letters and diaries too much respect.
ResistanceIsFeudal wrote:
And death, we believe, "shall have no dominion."
pavel.chichikov wrote:
I for one have, but your results may vary.
UNTIL INVITED
Mortal chaos, mysterious barricades
Let us climb the facing, footholds
How far, how high must we go?
I see them in the moonlight, gray and silver
But who has built them, why?
They are so great, so high
Have they always stood here?
If forever, what is there to fear?
And is what lies beyond them near?
Once, before the Infant Child of Prague
I glimpsed what lies beyond the wall
But those who see it cannot say at all
What they have seen, what has been answered
Not do they dare to climb until invited
Pavel
June 29, 2012
RE wrote:
Yes. The derivation of the formula using calculus drops the ∂t higher orders.
pavel.chichikov wrote:
There's a pill for that!
Nice prog on the Isle of Man countryside by Auntie Beeb.. - part of it is has John Noakes on his tiny ( 125 cc ) BSA Bantam trying to get round the TT course - background musak ( Shadows and Apache of course ) - Bike and countryside lovers should catch the prog.
robj wrote:
I think I'm about as stupid as I always have been. But I write better.
pavel.chichikov wrote:
I quoted Death Be Not Proud for Nova last night. Thomas's poem was another possibility.
ResistanceIsFeudal wrote:
C'mon, that's cheap world-weariness.
pavel.chichikov wrote:
Me too, but I'm not sure intelligence has much to do with it. Or maybe it's a more focused intelligence, stripping off the other functions.
robj wrote:
SOUND THE NOTES
It is most fitting that the poet should grow less,
Being is a burden, that he welcome nothingness
Let the wave notes ripple and the piercing bugles play,
Chords of glory sound their prodigious rhapsody,
Let the low mouse creep then among the giant keys,
Hear the Master coming, twitch its ears and freeze
No, My gentle creature, you must run along the board
And sound the notes with tiny feet, I am the Lord
Pavel
July 4, 2012
pavel.chichikov wrote:
I know my fallacious arguments, you cunning old misanthrope..
That's a "when did you stop beating yer wife" question.
waits for the inevitable riposte.
robj wrote:
Interesting points ... so dandies recording their every experience in a diary that nobody would read is like hipsters posting every mundane experience on their blogs or youtube.
For example ... YouTube - Matt's First Fixie Video
money is debt
money is wealth
debt is wealth
I have become far more absent minded, but also more creative. I cannot tell you how many sets of keys or credit cards I've lost. Very annoying but I guess I'd rather be me.
Nobody ever used the credit cards ---so far.
pavel.chichikov wrote:
No, it's the only hope left for people who have become too sophisticated for religion. Deus ex machina, without that bothersome "God" to think about.
ResistanceIsFeudal wrote:
... and old guys who can't get it up.
skk wrote:
I'm not misanthropic so much as distrustful. But when I see self-giving in other people it breaks up the ice in me.
I merely meant that comment about the question of age and illusion.
YouTube - Kate Smith introduces God Bless America
pavel.chichikov wrote:
A mere trading error at one of the big houses.
Bubblisimo Gerkinov wrote:
REAL hipsters have never had a mundane experience!
pavel.chichikov wrote:
Essential Oils—are wrung—
The Attar from the Rose
Be not expressed by Suns—alone—
It is the gift of Screws—
The General Rose—decay—
But this—in Lady's Drawer
Make Summer—When the Lady lie
In Ceaseless Rosemary— (675)
robj wrote:
at one stage diaries were confessionals -a rhetorical device to remind us ALL of our wicked hearts.. As pietism took hold in parallel with evangelism ( were they different ) as a reaction to the Enlightenment - you have people told again and again how wicked they are in their heart of hearts - and diaries was a literary device..
So George Mosse told
memy cat in Lecture 10 - and she ( perhaps not with too much fidelity ) whispered on in my ear.RockyR wrote:
Yep. But "money is debt" may be temporary if monetized but initially it is always deficit. Check the Forex for resolution.
ResistanceIsFeudal wrote:
I find this very moving, and anything I say would be inadequate.
Dame Julian of Norwich, a 15th century English mystic, said after a vision: All shall be well, and all shall be well. She said also that she'd seen Christ holding the world in his hands, and that it was about the size of a hazel nut.
Tests ordered by Yasser Arafat's widow show polonium traces - latimes.com
Bubblisimo Gerkinov wrote:
You too might be one of those old guys some day.
ResistanceIsFeudal wrote:
It just looks that way on youtube.
Krasting has an interesting article, via KD:
http://wallstreetexaminer.com/2012/07/04/bernanke-my-goal-is-to-wreck-social-security/
The death of 8% yields is a pretty big deal all around.
The current leverage position in this graph: Graph: Total Credit Market Debt Owed by Domestic Nonfinancial Sectors (TCMDODNS)/Gross Domestic Product, 1 Decimal (GDP) - FRED - St. Louis Fed
is not a good place to be.
ResistanceIsFeudal wrote:
No worries ... there are pills for that.
skk wrote:
He is largely, although not completely correct. But it is clear he read many of the 17th century diaries by the Puritans (Shepherdson's autobiography is an often neglected classic in this vein).
Diaries, however, also functioned as a kind of day journal in which people logged themselves, as represented by their day's experience, with reflection. The Puritans seeking out their justification in fear and trembling is not a motive to be ignored however, in terms of the growth of inwardness and the modern sense of the self, but I do think the impulse had some wider motives as well.
pavel.chichikov wrote:
I liked this comment by Eric Sykes - UK comedian, RIP 7/3/2012 at the ripe age of 89 - perhaps a bit of a .. - but that's for another time -
Eric Sykes, gentleman of comedy, dies - Telegraph
Comrade Troyski wrote:
Who was looking at FRED 10 years ago when we should have been paying attention.
I think it's time for shower and bed.
'Night all.
Greetings from the other side, my fine neandertal allele-bearing cousins.
Friday electricity flowed through my home, then did it not.
Saturday early morning I first searched one half hour for gasoline, and I waited for my turn at the pump of one of four operating stations for nearly another half hour. I congratulated myself when I met a man the next day who boasted that he'd passed 8 shuttered stations before
Almost everyone was able to recall the rules of 4-way stop and apply these at 6-lane intersections. Then I sought shelter from 12 to 5 at the only "emergency cooling center," a public library, on Sunday, Monday, Tuesday, Wednesday. I borrowed books which I took home to read languidly by latern from 7 to 10.
Between the library and home I scavaged ice and the day's salad bar offering. I cleared little debris, excepting the old storm door which blew off its hinges. This was simple good fortune. Most conspicuous damage the first two days were whole trees felled across roads rather than homes.
And pairs of Maryland State Troopers who, oddly enough, when finally deployed to direct traffic looked so much alike in stature, mannerism, and coloring as to be manufactured.
A couple of afternnoons the associate and I ventured to grandma's residence, where the seniors gathered and shared outlets and refreshments with friends and relatives. We brought DVDs for the 60" plasma.
Hobo House and Wildlife Conservatory was vewy, vewy still and sweltered. It still is. Such is The Swamp in summer, in any case.
So, I say, change isn't all terror. I thought you all might like to know.
Relinking this from earlier today - very interesting.
Max Keiser Goes BALLISTIC on Barclays/Libor | The Big Picture
Mary wrote:
heyyyyy yyyyyy - good to see ya.
Outsider wrote:
Unproductive comment.
Mary wrote:
Good luck, Mary; we've been in the same place in Ike and Alison and it isn't pretty. You were lucky to find a station; 5 days after Ike, I drove up the main drag, saw a line and was lucky enough to fill the tank and the cans I had brought with before the station shut down. Two days later, most stations were beginning to open.
Eat the perishables first, then move to the canned goods. If you have chlorine or bleach, you can treat the water if necessary.
pavel.chichikov wrote:
Thank you. We simply lack an adequate substitute for what we gave up, but going back is not an option either.
Glad you are ok Mary. Here gas stations are supposed to have pump back up or a manual pump. I have my doubts. We shall see.
But but California has earthquakes.
Unproductive comment.
Did you watch that? You're interested in the libor scandal.
indeed, indeed.
I forget when I discovered FRED -- maybe 2 years ago -- but the enlightenment I've gotten from it has been immense.
at the risk of tooting my own horn, I think I plumb its data better than anyone else on the web. Not that I get around all that much tho.
picosec wrote:
The parallels are eerie.
http://img822.imageshack.us/img822/9260/totalcreditmarketdebtto.png
All we need to be wealthy are bigger deficits. We musn't work to create surplus, we must only encourage congress to create bigger deficits.
lawyerliz wrote:
That was the lesson after Ike here. Stations here are now inspected; if the gas replenishment had taken another week here, it could have turned uglier. As it was, Houston fared pretty well, with the better side displayed by most.
That's a log scale too.
Mary wrote:
Good to know that you are okay. Hear the common man see the news, and mutter to his friends... "I can't believe this is happening here! Where is the government, and why aren't people helping? It's not like this is some third world country - this is America."
Happy Independence Day.
for your amusement
~ Gore Vidal, 1992
I'm reminded of this ...
YouTube - Everythings Amazing & Nobodys Happy
America is a third world country. Just one with a REALLY big military.
RockyR wrote:
Government surplus means a private sector deficit given a balanced current account. By identity/rule.
That's o.k. for the good times but not so smart during balance sheet recessions of the private sector.
Check out what happens when the private sector shrinks.
http://neweconomicperspectives.org/wp-content/uploads/2012/03/untitled-32.png
It is crucial to understand how the system works as mentioned above.
If you have no power how are you moving these electrons?Mary.
Mary wrote:
Gore is always worth reading. His grandfather, the blind Thomas Gore was Senator from Oklahoma. Supposedly GV would read him the Congressional Quarterly, but that may be apocryphal, although I think GV mentions it in one of his essay collections. Lost my intelligence so I can't remember.
So, create bigger deficits and make all of us in the private sector stinking rich. i'm tired of working.
America is a third world country.
Sitting in my comfortable house, on the internet, with a fridge full of food and a pool out back, having just gotten back from a leisure trip in the car with a/c on, took a hot shower today and didn't worry about my safety...
Hmmm.
Outsider wrote:
thank you le Penguin. saves me from throwing a fit - having a stroke- at least one other American apart from me knows the facts of the matter. that'll do.
Outsider is rich. Tax her!
Outsider wrote:
Better buy some
online, you may need it to trade for food soon, and heating oil when the winter comes!
I hear you RE, and I don't understand how it works. I'm just saying if we have to deficits to build wealth, then why not just create wealth - if it's so simple.
You sure we aren't conflating monetary and fiscal policy concerns here?
danks for relink
Rich, is true. But not with money. So tax that.
lawyerliz wrote:
Outsider wrote:
Exactly! Tax whatever I don't like, but tax whatever I don't have even harder!!
Outsider wrote:
Clearly you were not hanging out with the menfolk charged with launching the pyrotechnic displays.
"Here, hold my
"
I'm being overly harsh to call us third world, but give it time.
aye. This storm was uncanny, all of 20 minutes high wind 30 - 70 mph, very little precip in my area.
I filled up once, it was enough. We've only heard water conservation warnings, because the mains continued despite power failure at treatment plant, day 1 - 3. PEPCO purportedly prioritized restoration.
Nothing in the frig was salvagable to my taste. I didn't bother to open it until the power came on today. So I cleaned it out and sluiced the shelves. This was good work with the Yamahas blasting at notch 5.
skk wrote:
Even the poor hill-billies in rural Missouri when I was in grade school would be considered wealthy by most world standards, and that was a relatively impoverished area, although not up to rural Arkansas or Louisiana or Mississippi poverty standards.
I had no sense, of course, that I might live the way I now take for granted in the energy megalopolis.
RockyR wrote:
Wealth distribution will come to closely resemble those of a corrupt third world regime. Albeit on a higher tier of the economic ladder. That's why it is so difficult to see or understand, as most of us simply HAVE NO CONCEPT of the levels of wealth that exist within that top 1% Much less of the skullduggery and subterfuge which will be required in order to keep it.
the world has been willing to loan us a lot of oil, often at the end of a gun. that makes us feel pretty rich.
Mary wrote:
You might want to put a little bleach in the water, then, unless they give the all clear, but it sounds like the water is OK. Water and gas, then food distribution are the 3 priorities, so it sounds like they've done it right. Electricity can take a while; I know people who didn't have it for more than 3 weeks. It only took us a week.
RockyR wrote:
If it was a loan, I have some bad news for that world: it ain't getting it back.
Rob Dawg wrote:
YouTube - The Story of the Rich Penguin
RockyR wrote:
Indeed it does make us feel pretty rich. It also makes us pretty rich.
RockyR wrote:
wealth = Sqrt(Money x Free Time x Health x Health)
well, no they aren't gruntled. we'll give them some currency back one day. maybe. dare they challenge us? look at our military!
like I said, give it time.
Mr Slippery wrote:
So with enough Money, I wouldn't need much of either Free Time or Health!!
right, rif, it does. so long as we never have to pay it back.
what are your thoughts on the renewed build up of troops in the middle east? ready to get some more wealth?
YouTube - Crosby, Stills, Nash & Young - "Ohio" (1970) Kent State University
Not really. Do the math. If you have 0 free time, you have 0 wealth, same with health. Just a thought.
RockyR wrote:
We didn't get our $0.20/gal gasoline the first time, but maybe the next invasion will be our lucky lottery ticket!
Gambler nation.
well, gas is getting expensive in part due to all that wealth RE has us creating.
Mr Slippery wrote:
Yeah, but with a cool billion or so you don't need much of either one. You can't monetize an ethical pronouncement or statement of values without opening the possibility that it will be gamed.
RockyR wrote:
Every time I read another article about how wonderful a flyover of AF jets was at some event ("makes me feel proud"- proud of what? I always wonder) I wonder how great the person would think that flyover was if he/she had to pay $7/gal (today's dollars) for gas in order to pay the DoD's fuel bill. http://www.fas.org/sgp/crs/natsec/R40459.pdf
I'd be more impressed w/HSR that I could afford to ride cross country, and/or a real UE of 5% w/most people earning a living wage w/good health care benefits or a health care program such as many other "advanced nations have).
by that equation, you could be broke, unemployed, and in perfect health and be very wealthy.
RockyR wrote:
I think Thoreau makes that exact argument in the first two chapters of Walden. Not that he's right, necessarily.
jeez.. watching CrimeWatch UK - first time in a couple of decades -
you can't do cash-transactions on scrap metal anymore, cheque or other trackable payments only - and a cop calmly saying how cool it is and law-and-order-shill babe reporter cooing and ahhing as to how good this is to stop CRIME !
say it ain't so.. googling for confirmation - jeez its true..
that's the end of the rag and bone man and we'll never see the likes of the hit comedy "Steptoe and Son " again - remade in the USA as Sanford and Son - I have no idea how good that variant was.
But really - why pick on these guys - yeah yeah some public modern public sculptures have been nicked but some would say good riddance.
And haven't the cops better things to do ? like LIBOR fiddling ?
very wealthy and very hungry.
The Corbett Report | Sentient World Simulation: Meet Your DoD Clone
Goodbye Blue Monday
azurite wrote:
Well, proud of the demonstration of Big Daddy's ability to kick ass when the family is threatened! He can be abusive and a tyrant at times, but he keeps us safe
RockyR wrote:
Yup, I like that equation.
RockyR wrote:
I think Thoreau ate OK, although he did hike over to his Mom's house several times a week. I guess her basement wasn't big enough or didn't have a Playstation.
Walden Ch I: ECONOMY
"Most men, even in this comparatively free country, through mere ignorance and mistake, are so occupied with the factitious cares and superfluously coarse labors of life that its finer fruits cannot be plucked by them. Their fingers, from excessive toil, are too clumsy and tremble too much for that. Actually, the laboring man has not leisure for a true integrity day by day; he cannot afford to sustain the manliest relations to men; his labor would be depreciated in the market. He has no time to be anything but a machine. How can he remember well his ignorance- which his growth requires- who has so often to use his knowledge? We should feed and clothe him gratuitously sometimes, and recruit him with our cordials, before we judge of him. The finest qualities of our nature, like the bloom on fruits, can be preserved only by the most delicate handling. Yet we do not treat ourselves nor one another thus tenderly.
Some of you, we all know, are poor, find it hard to live, are sometimes, as it were, gasping for breath. I have no doubt that some of you who read this book are unable to pay for all the dinners which you have actually eaten, or for the coats and shoes which are fast wearing or are already worn out, and have come to this page to spend borrowed or stolen time, robbing your creditors of an hour. It is very evident what mean and sneaking lives many of you live, for my sight has been whetted by experience; always on the limits, trying to get into business and trying to get out of debt, a very ancient slough, called by the Latins aes alienum, another's brass, for some of their coins were made of brass; still living, and dying, and buried by this other's brass; always promising to pay, promising to pay, tomorrow, and dying today, insolvent; seeking to curry favor, to get custom, by how many modes, only not state-prison offences; lying, flattering, voting, contracting yourselves into a nutshell of civility or dilating into an atmosphere of thin and vaporous generosity, that you may persuade your neighbor to let you make his shoes, or his hat, or his coat, or his carriage, or import his groceries for him; making yourselves sick, that you may lay up something against a sick day, something to be tucked away in an old chest, or in a stocking behind the plastering, or, more safely, in the brick bank; no matter where, no matter how much or how little.
I sometimes wonder that we can be so frivolous, I may almost say, as to attend to the gross but somewhat foreign form of servitude called Negro Slavery, there are so many keen and subtle masters that enslave both North and South. It is hard to have a Southern overseer; it is worse to have a Northern one; but worst of all when you are the slave-driver of yourself. Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests? Does not he drive for Squire Make-a-stir? How godlike, how immortal, is he? See how he cowers and sneaks, how vaguely all the day he fears, not being immortal nor divine, but the slave and prisoner of his own opinion of himself, a fame won by his own deeds. Public opinion is a weak tyrant compared with our own private opinion. What a man thinks of himself, that it is which determines, or rather indicates, his fate. Self-emancipation even in the West Indian provinces of the fancy and imagination- what Wilberforce is there to bring that about? Think, also, of the ladies of the land weaving toilet cushions against the last day, not to betray too green an interest in their fates! As if you could kill time without injuring eternity.
The mass of men lead lives of quiet desperation. What is called resignation is confirmed desperation. From the desperate city you go into the desperate country, and have to console yourself with the bravery of minks and muskrats. A stereotyped but unconscious despair is concealed even under what are called the games and amusements of mankind. There is no play in them, for this comes after work. But it is a characteristic of wisdom not to do desperate things.
When we consider what, to use the words of the catechism, is the chief end of man, and what are the true necessaries and means of life, it appears as if men had deliberately chosen the common mode of living because they preferred it to any other. Yet they honestly think there is no choice left. But alert and healthy natures remember that the sun rose clear. It is never too late to give up our prejudices. No way of thinking or doing, however ancient, can be trusted without proof. What everybody echoes or in silence passes by as true today may turn out to be falsehood tomorrow, mere smoke of opinion, which some had trusted for a cloud that would sprinkle fertilizing rain on their fields. What old people say you cannot do, you try and find that you can. Old deeds for old people, and new deeds for new. Old people did not know enough once, perchance, to fetch fresh fuel to keep the fire a-going; new people put a little dry wood under a pot, and are whirled round the globe with the speed of birds, in a way to kill old people, as the phrase is. Age is no better, hardly so well, qualified for an instructor as youth, for it has not profited so much as it has lost. One may almost doubt if the wisest man has learned anything of absolute value by living. Practically, the old have no very important advice to give the young, their own experience has been so partial, and their lives have been such miserable failures, for private reasons, as they must believe; and it may be that they have some faith left which belies that experience, and they are only less young than they were. I have lived some thirty years on this planet, and I have yet to hear the first syllable of valuable or even earnest advice from my seniors. They have told me nothing, and probably cannot tell me anything to the purpose. Here is life, an experiment to a great extent untried by me; but it does not avail me that they have tried it. If I have any experience which I think valuable, I am sure to reflect that this my Mentors said nothing about."
Thoreau is KP?
thanks for typing all of that in, rob. I gotta hit it
RockyR wrote:
Or perhaps you and I are a few of those old people he writes about.
On this holiday, I am reminded that our 250th will be in 2026.
Curiously, 2026 - 62 is 1964, meaning the entire baby boom will be eligible for SS by then.
The story of our economy 1965-now has been all about the BB, and it will remain so.
By 2016, 24 years of Presidents -- Clinton, GWB, Obama, and even Romney will have been all boomers.
I wonder at what systemic changes can and will be made this decade to get our ship squared away for the baby boom burden.
In some ways their retirement will be immensely stimulative, in that their pension and Medicare benefits will flow through them right into working America, who could clearly use the work.
But, their size is immense -- 80 million boomers compared to 130M current working Americans today.
We were supposed to have our fiscal affairs in order by now to be able to handle this burden, but we elected some bad people who did a lot of stupid things to our economy and national finances.
It's all reversible, but we're really running out of time. The events of the next year -- it's upcoming budget battle Armageddon -- look to be interesting, if not frightful.
Frankly, I don't think we have it in us any more. There's nobody of import to Obama's left now, and Obama himself is center-right to my eyes.
The Republican primary clownshow may be over but the cold reality (to me) of at best divided government remains.
And if the Republicans take all 3 branches of government again . . . They did an immense amount of damage 2001-2006 and don't even seem to be cognizant of that at all, let alone the active role they played while in the majority 1995-2000.
Guess I don't "Believe in America", sigh. Good luck, all.
RockyR wrote:
We're somewhere between C2 and C3.
i think you are probably right, rob, but I am barely older than he was at the time of that writing.
its fascinating watching CrimeWatch UK - all these CCTV pics of rioters - almost a year later they are STILL at it and trying to catch them - must have frightened the elite somewhat - that little escapade.
where's the pics of the banksters heh ? let alone - "you are nicked mate".
Comrade Troyski wrote:
Aside from practicing a convincing rendition of "Hoocoodanode?!" lament and perfecting their crying on demand, I'm expecting next to nothing from
Bad Dawg Bobby wrote:
It was jointly developed with Stagflationary Mark. I like it, too, but it's just a scaffold for thinking about stuff.
RockyR wrote:
It was more irony at myself, not you--I assumed you were younger. (Part of my fondness is personal--I'm not sure I would have gone to grad school if I hadn't read Thoreau back in high school.)
skk wrote:
I think they know where the banksters are. But it's a fair caught and no-one's to blame. Except Diamond.
Will interesting to see if Libor has blow-back here in the states, particularly if a token few are put up in stocks in the Mother Country while ours have gone scot free. There's no law against stupid, which I guess is why they deserve so much money.
Wealth at its most primary is the state of being well.
I am wealthier than Steve Jobs -- the nation's greatest capitalist in our history -- now, for cancer laid him low last year.
Wealth is also the things that make us well, that give us utility of satisfying our needs and wants.
It is the roof overhead to keep the rain out, the furnishings to keep stuff off the floor, and the sidewalks and streets to facilitate getting around. It is the food we eat and the air we breathe. For some reason I like calling this "direct" wealth.
The next level of wealth is the productive capacity to create the above hard wealth, and the skills we need to be efficient wealth creators. We call this capital wealth, or maybe "indirect" wealth.
The next level is monetary wealth, the financial and legal creations we use to facilitate trade in capital and direct wealth.
Wealth is many things, but at the end of the day if you are happy, you are wealthy, at least for then.
skk wrote:
Not a lot of riot potential at 30,000 feet.
"From up here, they just look like little ants, running about in their little lives."
Mr Slippery wrote:
A scaffold for thinking about stuff is right.
Fireworks have been going off now for about a hour strait. People must still have enough money to burn or blowup.
BBC News - Fires in Turkey: Syrian forces blamed
Bad Dawg Bobby wrote:
Same here. GODDAMN KIDS! GET OFF MY LAWN!
I guess fireworks is cheep at half the price when it comes to getting out ones frustrations.
Bad Dawg Bobby wrote:
Unless you count it in $40 star shells!
ResistanceIsFeudal wrote:
Well, you can bet the Banksters aren't paying for it.
They know how to steal/spend tax dollars wisely.
Comrade Troyski wrote:
Now that I'm nearing the mid-50s and going to the doctor tomorrow, Tolstoy's how much land does a man need and Thoreau seems even more relevant.
ResistanceIsFeudal wrote:
let em drown
BBC News - Florida lifeguard fired for helping drowning man
walp, apparently there's no such regulation in MoCo. lol.
tg wrote:
or drone!!
ResistanceIsFeudal wrote:
BG: exactly. of course assassinations ordered by the king aren't subject to judicial review.
Speaking of quiet desperation, I have to get up for work tomorrow... so let's hope I can sleep through the noisy fireworks going on all around me, and
Frankly, I don't think we have it in us any more... Guess I don't "Believe in America", sigh. Good luck, all.
Why blame America? Blame the crooks.
nite all
Common man and third world country, heh. Matter of fact, my first phone call today was from a (soul) sister, who immigrated from Sierra Leone where 80% of the population does not have electricity every day, and we did take time to reflect on whether and how any of the
s here would be able to appreciate the opportunity laid bare by their dependences --convenience and consumer choices.
Happy independence day to you, too.
The PEPCO blessed us this morning. duh.
try reading, not even the actual works but just the wikis on Lutheranism, Pietism, Methodism, Cavinism, Arminianism - nice table and all to explain the differences - but first you have to understand the row / case labels.. Zzzzzzzz . there's always watching the Wimbledon when rain has stopped play. that works too. Zzzzzz
I don't "blame" America. I just don't "believe" in it.
To "Believe in America" to me is to "Believe the BS".
"The crooks" didn't screw us over. We did all that to ourselves. Pointing the finger upwards avoids the ugly reality all around and among us.
http://i.imgur.com/qWrCD.jpg
Why is Rosenberg so glum about housing? Perhaps he should read this blog! He got the whole recovery wrong, and now ZH cites his analysis!
Comrade Troyski wrote:
you can carry the can if you want to for the banksters.
not me.
Thanks for this. After the third day recharging the Nook, I took myself to B&N ostensibly to purchase Anna Karenina for the associate (who had intimated an interest, unexpectedly, when it wasn't to be found in the pubic libary). COME TO FIND OUT, B&N Classic imprints on sale, 50% PLUS buy2get1free. Of course, I snatched The Brothers, too. That was easy, the third though was a tough decision for myself, but I finally laid down Walden and picked up Tao te ching.
To "Believe in America" to me is to "Believe the BS".
Blame the crooks.
"The crooks" didn't screw us over. We did all that to ourselves. Pointing the finger upwards avoids the ugly reality all around and among us.
Depends on what you think America is. America can be someone's home in a small town where they go to work and pay their rent. America can be someone's address and home. Sure, to an extent, people do stuff to themselves by thinking they are doing the right thing at the time. Mistakes are made. To say crooks don't screw folks over is an unusual sentiment. In your world, then guess we don't need laws or law enforcement. We do things to ourselves. The woman who was raped had it coming. It was the homeowner's fault their home was burglarized. Elderly folks who are scammed had it coming. Maybe shoulda known, etc. That sort of thing. Weird way to look at things.
Britney Marshall: Meet the 14-year-old who unlike her mother and sisters is refusing to have breast implants | Mail Online
So many people waiting around for the rules of the game of life to change. Change they will, but for the worse.
merchants of fear wrote:
Cooking two pizzas tonight.
Made a salami, ham, pineapple, green bell pepper, red onion, 5 cheese one today. Two slices left for a late night snack even.
Antipodes wrote:
TWO ! that's the road to hell mate - look at this pietist painting 1866 - see the pizza joint on the right ? you can't ? proves my point - no pizzas on the road to somewhere under the rainbow..
http://upload.wikimedia.org/wikipedia/commons/b/b2/Der_breite_und_der_schmale_Weg_2008.jpg
He got the whole recovery wrong, and now ZH cites his analysis!
Promising to pay a mortgage on a house for 30 years is a gamble right now plain and simple. Who knows what even the next 12 months will bring from the organized crooks.
ResistanceIsFeudal wrote:
Who is this "us" you speak of? BBC News - World News America - Indian reservations battle high teenage suicide rates
Poor justice on Arizona Indian reservations has crime running rampant
"*Persons age 18 to 21 were the most
likely to experience a serious violent
crime, and blacks in that age group
were the most vulnerable--" http://bjs.ojp.usdoj.gov/content/pub/ascii/APVSVC.TXT
Sounds great.
Tonight's pizzas are Mexican and Capua.
Bob Diamond says he learned that Barclays had lowballed Libor only this month. Do you believe him? - Results (poll 6364907)
Bob Diamond says he learned that Barclays had lowballed Libor only this month. Do you believe him?
Mary wrote:
I'm about off to bed, but if you download Adobe Digital Impressions, it has a feature to convert Google Books downloads to Nook-compatible formats that you can drag over to the Nook from your computer.
Word to the wise.
Any Google Books images prior to copyright can therefore become Nooks compatible. That would include Thoreau and Tolstoy.
It is a bit of a pain, however.
http://www.adobe.com/products/digitaleditions/help/
skk wrote:
Then why's it called a PIEtist ... pffft
[INCONTINENCE ALERT]
Paris short €43bn to meet EU deficit targets
Bubblisimo Gerkinov wrote:
Bob Diamond says he learned that Barclays had lowballed Libor only this month.
Did he say this under oath?
lol. Thank you, no. I think I learned my lesson this past week. ebook ain't all that. And a good librarian is hard to find.
What goes around comes around
~ Ch. 30, Tao te ching
robj wrote:
I used to read this when I was a truck driver (Teamsters 542) and it always made me happy.
Comrade Troyski wrote:
What % do you assume will reach 66, 67, whatever the age of full retirement for SS retirement benefits will be (changes depending on year of birth)? Anecdotally, there seem to be a fair number of people around here dying in their 50's. There's already indications that the lifespan of people in the US is decreasing. Life expectancy across the U.S. - The Washington Post
5 cheese pizza? What kinds of cheese?
merchants of fear wrote:
Would that matter?
Seriously.
josap wrote:
Depends on what your definition of "know" is. There's no direct reason he should have known, but there's no way he could be a good CEO of a bank and not suspect. All the skullduggery seems to have been a couple levels lower. Just like our American CEOs, plausible deniability.
Antipodes wrote:
Limburger, Blue, Stilton, Roquefort and Squeeze snack.
I'm really getting bad vibes from the dog track mentality here at CR:
The on-going recovery stories are one thing, but the addition of betting on speculation seems sort of stupid ... I guess standard news aggregation isn't cutting it anymore?
ehpik
ResistanceIsFeudal wrote:
Also here. More fireworks tents this year too (fireworks sellers set up tents in parking lots-that's how fireworks are sold where I am). Town;s fireworks display starts around 10pm, I think, but it sounds like some people have decided to make the neighborhood's pets miserable setting off their own fireworks instead.
Bubblisimo Gerkinov wrote:
azurite wrote:
I lost my poor pooch a few weeks ago, and she hated the 4th .. seems sort of sad to not be petting her in her favorite hiding spot ...
YouTube - Neil Young 5-18-92 Clev Music Hall 18 Old King 1.mpg
Ch.72
adieu...
Doc Holiday wrote:
I'm sorry to hear of your loss. Loss of a canine companion can be hard.
azurite wrote:
Thank you! She had just turned 14, and it was a very difficult ending for both of us; probably the most intense experiences I've ever had in my life, and then a parting hug that had the most amount of love I've ever felt ... the 4th sort of triggers some old memories, but that's a good thing:
Doc Holiday wrote:
I'm sorry for your loss. It's never easy losing loved ones. We lost our pup about 1 year ago.
Would that matter?
Seriously.
Supposed to. Lying under oath is perjury. You sound like Troyski in that maybe the laws don't matter.
Antipodes wrote:
Yea, it's hard ... she had me pretty well trained through the years; it was funny how she would pick out people for me to meet along our walks, and she hated other dogs until her last breath; she was great!
that morning after...
...
strange dream last night.... I had a one on one conversation with Romney.
how fu&ked up is that?
...
due no doubt to **too much vodka **and back to back to back episodes
of Breaking Bad...