Only in Alaska ....... This guy raised an abandoned moose calf with his horses, and believe it or not, he has trained it for lumber removal and other hauling tasks. Given the 2,000 pounds of robust muscle, and the splayed, grippy hooves, he claims it is the best work animal he has. He says the secret to keeping the moose around is a sweet salt lick,although during the rut he disappears for a couple of weeks, but always comes home.... impressive!
Friday, October 31, 2008
Mac faces the same problems except his constituents are the military. Congress will belong to the socialists so he get's nothing done except inflate the currency as a compromise or watch millions lose everything they have in the coming Depression and face a third party revolution.
Expect war in the streets as Obie's supporters smell the election was stolen from their Lord. I 'll stay up here in Walmart Heaven idaho.
Speaking of Pat Buchanon yesterday....
::: Patrick J. Buchanan - Official Website
PJB: Comrade Obama?
By Patrick J. Buchanan
If Barack Obama is not a socialist, he does the best imitation of one I’ve ever seen.
Under his tax plan, the top 5 percent of wage-earners have their income tax rates raised from 35 percent to 40 percent, while the bottom 40 percent of all wage-earners, who pay no income tax, are sent federal checks.
If this is not the socialist redistribution of wealth, what is it?
A steeply graduated income tax has always been the preferred weapon of the left for bringing about socialist equality. Indeed, in the “Communist Manifesto” of 1848, Karl Marx was himself among the first to call for “a heavy progressive or graduated income tax.”
Thursday, October 30, 2008
Personally, I believe someone has to control it. Imagine a world with out peaceful trade and you get the 1930's all over again. Conflicts between trading parties have to be settled at the upper levels because we all have nukes. Unfortunately, xenophobia keeps rearing it's head and threatening the status quot.
1. The End of American Empire
Right now America is as addicted to empire as any inner-city crackhead to cocaine. We support the world’s most bloated military, with troops and bases in more than a hundred countries, in order to enforce a global economic order that allows the 5% of the world’s people who live in the United States to use roughly a third of the world’s resources. At the same time, empires are costly pets, and ours – like every other empire in history – is becoming an economic burden our nation can no longer support; at the same time, the drastic decrease in US living standards that would follow the end of American empire is a political time bomb nobody wants to touch. Caught in that dilemma, the United States seems determined to follow the usual course of past empires, allowing its imperial commitments to drag it down.
A depression, however, would force the issue. In the midst of economic collapse, the United States would be no more able to maintain a global military presence than Russia was after its own collapse. The troops would have to come home – not just from Iraq and Afghanistan, but from the whole far-flung web of US military bases – and resources now being drained by the incubus of empire would be available for more constructive tasks, such as preparing for the onset of peak oil.
Wednesday, October 29, 2008
First of all it's the affordability index that matters. When I sold and bought real estate in the late 80's-, most people could afford a house around 80000 (payments of 450) on the median income of 24000. When this crisis began to develope in 2005-2006 the avg median household was closer to 44000. (Now you it's gone up to around 52000 .) Who amoung us making this much money can afford 2100 per mo. for a avg. house in California, Florida, or Arizona? let alone come up with 60000 for a down payment. Now throw in 500 for or more for cars, 250 for credit cards and add nutso gas prices? No one in their right mind would give these people more credit now that their piggy bank of a house they bought is upside down in value!
Let's just say that we ran out of suckers. Proof is in the stock market crash-down 40 % over a years time. The market ran out of buyers when speculation developed in oil futures and currency trading. Where else could all those trillions go when the debt parade hit a ditch. Fortunately we have a chance of benefiting from it. During depressions people who saved and increased their credit limits bought everything for pennies on the dollar. But wait. We are early in the cycle. Read my first paragraph. Until we collectively change our spend and borrowing ways, well......
What happens when interest rates hit zero or negative 1? Every thing booms again. Are you ready? All those trillions of printing press money has to go some where. Last time 2003-2004 it went into real estate and stocks. In Sept. 2001 that down dropped to approximately 8500. It just , after 7 years , hit that mark again this week. Are you getting the idea.
Hey, it's not over until it's over.
Wait until we discuss credit cards. Weee!!!!
Plans swirl about how to save trouble global economy - Oct. 24, 2008
NEW YORK (CNNMoney.com) -- Governments and central banks of the world's leading nations have taken unprecedented coordinated actions in the past month to help out battered financial markets and economies around the globe.
Yet, the global meltdown in stocks continued Friday. And this lack of confidence and sense of panic has left experts wondering what can be done next to assure investors and get banks to operate normally once again.
Tuesday, October 28, 2008
Gun BaN Obama
Obama Campaign Threatens Legal Action Over NRA Ads
Fairfax, VA-Sen. Barack Obama's presidential campaign has sent threatening letters to news agencies in Pennsylvania and Ohio to stop airing ads exposing his anti-gun record sponsored by the National Rifle Association Political Victory Fund (NRA-PVF).
The kicker? NRA-PVF's Ohio’s ads have not yet begun running.
“Barack Obama and his campaign are terrified of the truth,” declared Chris W. Cox, Chairman of NRA-PVF. “Sen. Obama's statements and support for restricting access to firearms, raising taxes on guns and ammunition and voting against the use of firearms for self-defense in the home are a matter of public record. NRA-PVF will make sure that everyone knows of Obama's abysmal record on guns and hunting.”
The Obama campaign sent cease and desist letters to news outlets in Pennsylvania and Ohio, denouncing the ads and demanding their removal from the airwaves. All stations where NRA-PVF has purchased or plans to purchase ads have been provided with documented evidence of Sen. Obama's anti-gun record.
Monday, October 27, 2008
Easiest Way to Green: Buying to Save the Planet
Porter Novelli, then, helps international corporations figure out how to turn consumers’ climate fears into increased corporate profitability through “green” purchases. They do this by defining what is “green,” and how “green” someone is:
To determine this, they asked people whether they thought any of these actions were important to protect the environment and whether participants actually acted on any of these actions: (1) buying energy-efficient appliances, (2) buying environmentally-friendly products, (3) buying products made from recycled paper or plastics, (4) using cloth bags to put what you buy into, or (5) buying products that use less packaging. One choice involves “not buying” as a way of punishing companies with bad environmental records, while another option was “recycling–” what’s already been “bought.” Two other choices include “not buying stuff, or at least buying a lot less” and using “less energy at home.”
Sunday, October 26, 2008
The media vs. Joe the Plumber - Los Angeles Times
October 21, 2008
At a John McCain rally in Virginia on Saturday, Tito Munoz had come to face the enemy: the news media, which had declared war on Joe Wurzelbacher.
"Why the hell are you going after Joe the Plumber?" he yelled at a group of reporters, including my National Review colleague, Byron York. "Joe the Plumber has an idea. He has a future. He wants to be something else. Why is that wrong? Everything is possible in America. I made it. Joe the Plumber could make it even better than me. ... I was born in Colombia, but I was made in the U.S.A."
Who knows what it will do for McCain in the end, but the Joe the Plumber phenomenon is real. At the rally, supporters carried handmade signs reading "Phil the Brick Layer" and banners proclaiming "Rose the Teacher." Wurzelbacher symbolizes an optimistic, individualistic vision of America sorely lacking -- until recently -- in McCain's rhetoric.
Saturday, October 25, 2008
BBC NEWS | Americas | Jamaica puzzled by theft of beach
Jamaica puzzled by theft of beach
By Nick Davis
BBC News, Ocho Rios, Jamaica
People on a beach in Jamaica (file)
A good beach is seen as a valuable asset to hotels in Jamaica
Police in Jamaica are investigating the suspected theft of hundreds of tons of sand from a beach on the island's north coast.
It was discovered in July that 500 truck-loads had been removed outside a planned resort at Coral Spring beach.
Detectives say people in the tourism sector could be suspects, because a good beach is seen as a valuable asset to hotels on the Caribbean island.
But a lack of arrests made since July have led to criticism of the police.
Friday, October 24, 2008
Don't eat anything without a face...
If god didn't want people to eat animals, why did he make them out of meat?
Oxnard,CA-July 07,2004-Research scientists at Oxnard UNC Medical Center have proven that plants, including vegetables, feel pain when subjected to trauma such as being yanked out of the ground, peeled, cooked, and eaten. "Veggies and plants initiate a massive hormone and chemical barrage internally when they suffer any kind of injury," says professor Harry Simeon. "This response is akin to the nerve response and endorphin release when an animal is injured. We cannot ignore the similarities." When Baker asked professor Simeon and his research team what they thought this finding might mean, they responded unanimously, "Nobel prize, baby!"
Other agencies and the sum total of the world's hard-core vegetarians (known as vegans) registered formal complaints against the research. Their team of lawyers has already submitted a motion to have the results of the research destroyed or sealed. Others fear the damage has already been done. A spokesman said, "This is bad for us. Most of our members haven't eaten anything since hearing about the results. Our lawyers are looking into suing Mother Earth for false advertising, but concede that the suit will probably be inconclusive. In the meantime we'll be surviving on vitamin supplements and water."
In an ironic related story, a dozen protesters picketing the Hungry Carnivore Steak House in Dallas were allegedly assaulted by three patrons of the restaurant. Eyewitnesses say that the picketers were making their typical nuisance display of scorn and righteous indignation over the willful consumption of "the flesh of murdered animals" outside the Hungry Carnivore when two unidentified men and a woman stepped out of the establishment and sprayed the picketers with several gallons of what appeared to be blood. Victims and bystanders alike were surprised to discover that the liquid was actually V-8 juice. The truly shocking result of the alleged attack was the reaction of the picketers. All of the protesters were wracked with convulsions and suffered hours of dry heaves while many of the bystanders merely laughed. This reaction within vegetarianism's great bastion of faith has many true believers reconsidering their dietary requirements. Others are quietly making funeral arrangements and the Environmental Protection Agency is considering declaring vegans an endangered species.
I like this better than selling houses for payments that few will be able to afford. After all everyone has to live somewhere. If banks evicts all these borrowers upside down on their loans, and they will, these people have to have a place to live. Do you see an opportunity in your town?
Tampa’s existing home sales on the rise - Tampa Bay Business Journal:
More homes were sold in the Tampa Bay area in September than the previous September, but median home values continue to fall.
Existing home sales for Tampa, St. Petersburg and Clearwater climbed to 2,174 last month, up 29 percent from September 2008 while Lakeland was up 27 percent to 284 homes sold in September.
Sarasota didn’t have the same success, but its 7 percent drop to 550 units was the most contained drop of any market in the state.
In fact, only five of the 20 markets tracked by the Florida Association of Realtors showed declines with the statewide average up 24 percent over the previous year.
Values haven’t followed, however. The median home price in Tampa dropped 20 percent from $200,700 last year to $160,500 last month. In Lakeland and Winter Haven, the median home price fell 16 percent to $139,500, while in Sarasota-Bradenton, the median price was down 29 percent but remained just above the $200,000 mark.
Statewide, the median price dropped 22 percent year over year from $224,700 to $175,100.
China: Where 9% GDP growth is recession - Top Stocks Blog - MSN Money
China: Where 9% GDP growth is recession
Posted Oct 20 2008, 06:46 AM by Douglas McIntyre
China's big stock index, the Shanghai Composite, has fallen from a 52-week high of over 6,000 to 1,974. Idiot math would say that is equivalent to the DJIA trading at 4,600. That may be a simpleton's view of the world, but the perspectives of the foolish as not always wrong.
China announced that its GDP grew only 9% in the third quarter. That number was supposed to be closer to 10%.
According to Reuters, "A gloomy outlook lies ahead after the third quarter, and concerns about the slowdown now outweigh concerns about inflation," said Chen Jinren, an analyst at Huatai Securities.
In the U.S. and Europe, a recession is still probably defined at two consecutive quarters of GDP shrinkage. In a world where 4% growth is burning up the track China's increase of 9% seems unattainable. But, in an economy which relies on rapid growth to build a middle class and huge industrial base, even a modest drop in a torrid quarterly improvement pattern probably spells significant problems.
Thursday, October 23, 2008
Switzerland Places Ban on the Humiliation of Plants : Planetsave
Switzerland Places Ban on the Humiliation of Plants
Written by Meg Hamill
Published on October 18th, 2008
Posted in International, Legislation
A new amended law in Switzerland protects the dignity of vegetation.
A law protecting the dignity of plants? Laugh if you will. I’m down on my knees in respect and awe. At last the Western World is realizing the dire importance of taking other species into account.
Recently, the Swiss Parliament asked a panel of philosophers, lawyers, geneticists and theologians to determine the meaning of dignity when it pertains to plants.
Lo and Behold, the team published a treatise on “the moral consideration of plants for their own sake.” The treatise established that vegetation has innate value and that it is morally wrong to partake in activities such as the “decapitation of wildflowers at the roadside without rational reason.”
Wednesday, October 22, 2008
In the past few years I could have bought a home and by now been paying 50% of my income to keep it. Might as well rent a house. Or as I'm doing, buy a mobile home and have it paid for in a couple of years. That's the plan. Why spend my old age slaving for these crooks in the finance industry, hmmm?
What's your plan to get through the depression? By the way all this printed money, 2 trillion and counting will cause the boom to reignite. The next bust will even be worse. Keep your eye on China. There economy has dropped to 9 % growth. Break even so far. Disaster if it falls below 5%.
May you live in interesting times. Pay off your bills. Keep your lines of credit open and save cash. Then if you want to buy something you'll have your choice. I'm thinking buying older mobile homes in retirement parks, remodeling and flipping them. Being able to finance them is the key. No one will lend money on them and everyone has to have a place to live.
Economic Scene - With Rescue Money Available, Who Wouldn’t Line Up? - NYTimes.com
The idea of helping Main Street has an undeniable appeal. Housing is at the root of the financial crisis, and preventing foreclosures could bring a double-barreled benefit. It would allow families to remain in their homes and could also help keep the housing market from spiraling out of control. The more foreclosed homes that are dumped on the market, the more home prices will fall.
But before any of the various rescue plans reaches the point of inevitability — and these days, ideas can go from unlikely to inevitable in about 48 hours — I think it’s important to stop for a moment and consider how complicated any such plan would be. Every one of them, in fact, faces an inherent conflict: coming up with a large-scale homeowner bailout without also helping millions of people who don’t need help is almost impossible.
Tuesday, October 21, 2008
Musings on Money, Personal Finance, Frugality, Debt, and Other Matters — Money, Matter, and More Musings
Ike Is Closing In And TV Reporters Are Going Crazy
by golbguru on September 12, 2008
It’s probably just a few more hours before we lose electric power, and have trees flying around. I don’t know long it will be before we have electricity back up, so I just thought of dropping a line here.
If you don’t have anything better to do, follow the eye of the storm closely and you would be able to zero in on my current geographical location.
Anyways, about TV reporters - man, those guys get so animated (even when other people in background are going about peacefully doing whatever they are doing). Interestingly, this afternoon, one of them even suggested this as a part of “survival tips for hurricane”:
People who use electric toothbrush should buy manual ones, and people who use electric shaving machines should get manual ones …
Monday, October 20, 2008
14 Wild Ideas
In the 1970s, the RAND Health Insurance Experiment randomly assigned 5000 adults to free or full-price health care over 3-5 years. Free care folks got more eyeglasses and teeth filled, and spent ~30% more, but were otherwise no healthier. This result is consistent with typical time-series and cross-sectional analyses. I'm willing to extrapolate from this 30% change to a 50% cut. More here.)
Americans don’t know how to be frugal — yet
Things will get more expensive. Taxes will eventually go up. They have to. Costs of ordinary goods will go up. They always do. If you’re expecting it to get easier, you’re wrong. The key is to make more money and cut your costs. Sadly, Americans are poorly versed in being frugal. You think it makes sense to buy a new car every few years? You think it’s normal to eat out 5 times per week (lunch and dinner)? You feel good about yourself for ordering water when you go to a restaurant, but you blew $50,000 because you didn’t take the time to understand your mortgage? You’re not frugal. But a few more years of an economy like this and things just might change.
Sunday, October 19, 2008
The resulting higher costs are swiftly passed down the production food chain to grocery store shelves. "It's like when the price of oil goes up, and you see a difference at the pump in the next day or two," says Al Ferrara, national director for consulting firm BDO Seidman's retail and consumer product division. Constantly produced fresh items like milk (up 10% compared with 2007, according to the USDA), eggs (up 7%) and bread (up 16%) are more apt to reflect changes on a nearly daily basis.
With a little legwork, savvy shoppers can keep their grocery bills at pre-2008 levels — if not lower. Here's how:
Most items are discounted just once during a 10-to-12-week sales cycle, says Teri Gault, founder of shopping site The Grocery Game. Seasonal items (think barbecue sauce in summer, soup in winter) show up every one to two weeks, while highly-competitive categories (cereal, soft drinks) cycle in every three to four. While it's not necessary to buy, say, eight jars of peanut butter, it's better to buy one jar while your favorite brand is on sale now than one at full price after you run out in two weeks.
Explore the store
Saving at the supermarket requires more effort than a quick dash and grab. Some of the best deals aren't obvious unless you take the time to price compare, says Phil Lempert, founder of Supermarket Guru. Cheese, for example, can be purchased from the cheese counter, the deli and the dairy case. "New York cheddar is New York cheddar no matter where you buy it," says Lempert. "But the price may be cheaper in one section than in another."
Keep an eye out, too, for sales. There are twice as many unadvertised sale items in the store as there are in the weekly circular. But be cautious. The longer you spend in stores, the more susceptible you are to sneaky supermarket tricks that entice you to spend more. Make a list, and stick to it.
Try store brands
Saturday, October 18, 2008
Oct 17, 2008 Wall Street Monsters & Meat (You) Jim Willie CB 321gold ...inc ...s
TOP DOWN SOLUTION FAVORS THE ELITE
The top-down approach used to date aids the wealthy bankers, while the homeowners are denied aid. That aid is promised but rarely arrives. The fundamental problem here is that billion$ are devoted to shore up insolvent banks, to redeem their worthless (or nearly worthless) bonds, and to give a giant pass to the executives. Trust has eroded throughout the system. Banks distrust each other's collateral. The result is that eventually the USEconomy will enter not a recession, not a depression, but a DISINTEGRATION PHASE.
Why are they even going to bother. I don't think they will be allowed get too involved with what happened because too many Washington big shots are in up to their ass cheeks These guys gave Dod and frank way to much "help".
I guess it's nice someone is trying. But I don't have much faith in justice being served.
Lehman Execs Subpoenaed in Criminal Probe at SmartMoney.com
NEW YORK (Dow Jones) -- Federal prosecutors have subpoenaed 12 current and former executives of Lehman Brothers Holdings Inc. (LEHMQ), including CEO Richard Fuld, in connection with three grand jury investigations into the famed brokerage's recent bankruptcy, according to news reports Friday.
Also among those receiving subpoenas are former Lehman chief financial officer Erin Callan, former chief operating officer Joe Gregory and chief financial officer Ian Lowitt, CNBC's Charles Gasparino reported.
At a hearing Thursday in Manhattan, according to the New York Post, bankruptcy lawyer Harvey Miller, representing Lehman, confirmed that the U.S. attorney's offices in the Eastern and Southern districts of New York and in the District of New Jersey are leading those probes.
Miller didn't identify the nature of the investigations, but sources say the focus is whether executives made false comments about the health of Lehman before it collapsed. The 158-year-old Wall Street firm filed for Chapter 11 bankruptcy protection on Sept. 15. read more at SmartMoney.com
Friday, October 17, 2008
Could have been my sister. Na she can't afford dressin up.
Rate My redneck
Redneck Woman Submitted By: phip42 on 12/11/2006 Debra Jackson said she likes shopping at the Dollar Palace because it is convenient and casual. "I don't have to get all dressed up like I'm going to Wal-Mart or something," she said... more Tags: redneck walmart woman
Several players take the flop. You are in late position and the action gets checked to you. You bet and several players call before the good player to your right checkraises. He likely does not yet have a hand but is drawing to a flush or open-ended straight.
If the preflop betting was such that the good player had no reason to believe that a player to his left would bet the flop, you can likely rule out a big hand because he surely would have bet (from his late position) instead of looking for a checkraise. After all, he could not know with any degree of certainty that you MORE
Thursday, October 16, 2008
Much of what people do is done in the name of God. Irishmen blow each other up in his name. Arabs blow themselves up in his name. Imams and ayatollahs oppress women in his name. Celibate popes and priests mess up people's sex lives in his name. Jewish shohets cut live animals' throats in his name. The achievements of religion in past history -- bloody crusades, torturing inquisitions, mass-murdering conquistadors, culture-destroying missionaries, legally enforced resistance to each new piece of scientific truth until the last possible moment -- are even more impressive. And what has it all been in aid of? I believe it is becoming increasingly clear that the answer is absolutely nothing at all. There is no reason for believing that any sort of gods exist and quite good reason for believing that they do not exist and never have. It has all been a gigantic waste of time and a waste of life. It would be a joke of cosmic proportions if it weren't so tragic.
Why do people believe in God?
WalMart Closes Quebec Tire Center After Labor Accord (Update1)Read more here
By Frederic Tomesco and Kevin Bell
Oct. 16 (Bloomberg) -- Wal-Mart Stores Inc., the world's biggest retailer, said it closed a unionized Quebec tire and lubrication shop because of costs tied to the first labor agreement imposed at any of its North American locations.
The closing is effective immediately because it would have raised operating costs by at least 30 percent and triggered ``dramatic'' price increases on products, the Bentonville, Arkansas-based retailer said today in a statement. The Quebec Labour Relations Board imposed the three-year labor contract in August after the union and company failed to reach an agreement.
Wednesday, October 15, 2008
By the way, where do you live?
NEW YORK (Dow Jones) -- Foreshadowing what may be a grim holiday selling period, initial results from U.S. retailers showed disappointing September sales, as a global financial crisis made shoppers even more reluctant to spend.read more here
Wal-Mart Stores Inc. (WMT) said Wednesday that its sales excluding fuel in the five weeks ended Oct. 3 rose 2.4%. On that basis, the company missed the 2.5% average estimate of analysts surveyed by Thomson Reuters.
Wal-Mart said total sales were hurt by 0.4 percentage point from the impact of Hurricanes Gustav, Hanna and Ike, which resulted in 341 store closings. However, Sam's Club sales rose 4.6%, exceeding estimates of a 2.8% increase.
Costco Wholesale Corp. (COST) sales rose a less-than-expected 7%. Sales at rival BJ's Wholesale Club Inc. (BJ) also missed estimates. Target Corp.'s (TGT) sales dropped a worse-than-expected 3%, and the company said it may miss analysts' third-quarter profit estimate.
Tuesday, October 14, 2008
This machine was called Capitalism.
Now history takes a step backwards and we all work directly for the government. Beg the government for loans. Retire if the gov. deems it appropriate. And shit when, where or if the government decides (literally anywhere on the planet).
This machine is called Socialism.
In the last couple of days governments have gotten together and grabbed all the money by nationalizing the global banking industry . This is means the ones controlling the governments will completely control the money.
And who ever controls the money controls all of us.
I'm thinking it might be a good time to become Democrats and hold our hand out for crumbs at the new table. Here's the proof:
a href="http://www.foxbusiness.com/story/markets/economy/fleshes-plan-buy-stakes-banks/">U.S. Fleshes Out Plan to Buy Stakes in Banks - FOXBusiness.com
* Digg It
President George W. Bush 10-14-08
U.S. officials announced Tuesday morning a broad range of measures designed to shore up the struggling financial system, including the purchase of stakes in some of the country’s largest banks and guarantees for most new debt issued by insured banks.
President George W. Bush made a general announcement just after 8 a.m. Eastern time about the developments, and Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and Federal Deposit Insurance Corp. Chairman Sheila Bair held a joint news conference later that hour to elaborate on the planned steps.
"Clearly the time had come for a more comprehensive and broad-based solution," Bernanke said at the news conference. "Waiting too long to act has usually led to much greater direct costs of the intervention itself and, more importantly, magnified the painful effects of financial turmoil on households and businesses."
Monday, October 13, 2008
Answer Desk: Where did the money go? - Answer desk- msnbc.com
John W. Schoen
The financial market collapse of the past few weeks has destroyed trillions of dollars in wealth. So where, exactly, did all that money go?
Sunday, October 12, 2008
Intellectual Conservative Politics and Philosophy
5 reasons why John McCain is in big trouble — and none of them have to do with Barack Obama.
A few weeks ago I wrote an article listing ten reasons “Why Obama Lost the 2008 Election”, ranging from the hidden racism of rank and file Democrat voters, to Bill and Hillary’s not-so-hidden desires to see Obama lose in 2008 so Hillary could run again for president in 2012.
In an almost textbook example of snatching victory from the jaws of defeat, John McCain has managed to transform the political landscape in less than five weeks into one that no longer favors his candidacy, but may actually be preparing the way for an Obama presidency.
Like my previous analysis,
Why Can't I Own a Canadian?
Dr. Laura Schlessinger is a radio personality who dispenses advice to people who call in to her radio show. Recently, she said that, as an observant Orthodox Jew, homosexuality is an abomination according to Leviticus 18:22 and cannot be condoned under any circumstance. The following is an open letter to Dr. Laura penned by a east coast resident, which was posted on the Internet. It's funny, as well as informative:click here for more
Dear Dr. Laura:
Thank you for doing so much to educate people regarding God's Law. I have learned a great deal from your show, and try to share that knowledge with as many people as I can. When someone tries to defend the homosexual lifestyle, for example, I simply remind them that Leviticus 18:22 clearly states it to be an abomination. End of debate. I do need some advice from you, however, regarding some of the other specific laws and how to follow them:
When I burn a bull on the altar as a sacrifice, I know it creates a pleasing odor for the Lord - Lev.1:9. The problem is my neighbors. They claim the odor is not pleasing to them. Should I smite them?
I would like to sell my daughter into slavery, as sanctioned in Exodus 21:7. In this day and age, what do you think would be a fair price for her?
Saturday, October 11, 2008
The Oil Drum | Discussions about Energy and Our Future
The Official Demise of the Oil Bubble
On Sept. 11, 2007, the price of crude oil closed at $78.23 a barrel — the last time oil closed below $79 a barrel, until Friday. What seemed like a bewildering ascent in the price of crude at the time is now a relief to traders, who watched oil fall $8.98 a barrel to close at $77.61 on the New York Mercantile Exchange, the lowest closing price in more than a year.
Like a number of other commodities, oil’s move went from a steady ascent to a vertical bounce in the spring of 2008, topping out near $150 a barrel before speculative excess started to drain from the market. And those who believed that the oil price was justified by fundamentals — being, as it is, an actual product, rather than an Internet company’s vague promise of revenue — are smarting.
“This is a market that is basically returning to the price level of a year ago which it arguably should never have left,” says Tim Evans, energy analyst at Citigroup. “We pumped up a big bubble, expanded it to an impressive dimension, and now it is popped and we have bubble gum in our hair.”
Thursday, October 09, 2008
Hordes of Horny Geezers Storm Wal-Mart’s Dating Night < Satirium
Hordes of Horny Geezers Storm Wal-Mart’s Dating NightMore...
Frightened Female Shoppers Hide in Bathrooms, Dressing Rooms
Wal-Mart hurriedly canceled the national rollout of its “Love in the Aisles” program after hordes of horny geezers filled more than 200 stores Friday hoping to find dates. Startled female shoppers of all ages fled to bathrooms, dressing rooms, and garden centers for refuge.
“We regret any inconvenience to our customers and offer our sincere apologies to anyone who had an unpleasant shopping experience,” the nation’s largest retailer said in a terse statement.
The program made its debut Friday night at 200 stores nationwide and was seen by retailing experts as a clever marketing ploy. Shoppers of both sexes who wanted to participate registered as they entered the store and were given a red heart to attach to their shopping cart.
Wednesday, October 08, 2008
24/7 Wall St.: Will China Save The US Financial System
Will China Save The US Financial System
When it comes to the potential failure of the US economy and banking system, China has an especially large dog in the fight. The central government and a number of large banks own hundreds of billions of dollars in US Treasury notes and paper from companies including Fannie Mae (FNM) and Freddie Mac (FRE). An American disaster could turn into one for China as well.
According to Reuters, "speculation is swirling that Beijing could also chip in with a vote of confidence by pledging to hold onto its vast dollar assets and even buy more to help fund the massive bailout of the U.S. financial system now under way."
Tuesday, October 07, 2008
them on the Internet, every year. And, in fact, they reported to Sarbanes and
Oxley every year. And they went--wrote 100 page reports, and they said,
`We've looked at these people and their standards are fine and their directors
are fine and everything was fine.' And then all of a sudden you had two of the
greatest accounting misstatements in history. You had all kinds of management
malfeasance, and it all came out. And, of course, the classic thing was that
after it all came out, OFHEO wrote a 350--340 page report examining what went
wrong, and they blamed the management, they blamed the directors, they blamed
the audit committee. They didn't have a word in there about themselves, and
they're the ones that 200 people were going to work every day with just two
companies to think about. It just shows the problems of regulation.
Monday, October 06, 2008
I Will Teach You To Be Rich
If you think history doesn’t repeat itself, you’re nuts. In fact, 10 years ago this month, Long Term Capital Management, a huge hedge fund, nearly caused a global financial collapse. Yet here we are — with the same words being thrown around. Does anyone really think investment bankers won’t make their same salaries at some point in the future? Or that we won’t gradually move back to huge executive compensation? Still, as I pointed out last week, none of that really matters to the individual investor. What matters is picking the right strategy and sticking to it.
Saturday, October 04, 2008
Friday, October 03, 2008
Wednesday, October 01, 2008
Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three steps:Read more here
Common Sense Plan. I. INSURANCE A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
B. In order for a company to accept the government-backed insurance, they must do two things: 1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage. a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes. b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while working with the borrower—again limiting foreclosures and ruined lives.
2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs. C. This backstop will cost less than $50 billion—a small fraction of the current proposal.
if the government buys the mortgage-backed securities, that does nothing - absolutely nothing - to make the underlying mortgages more valuable or more likely to be paid, stabilize home prices or help homeowners in distress. It does nothing - absolutely nothing - to directly benefit the real economy.
But another proposal does. Use the $700 billion on the table and stabilize housing. Make that money (actually only a fraction would be needed) available to homeowners who live in their homes (not speculators). Here's how: Offer any financial institution (or require it, although no financial institution in its right mind would refuse the offer anyway), that owns a mortgage of an owner-occupied home in distress, to provide that homeowner, in lieu of any penalties or foreclosure, a government guarantee of the current or missed payments under the mortgage. If the homeowner agrees to have the government take over the payments, the financial institution would inform the government, the government would make the payments, and the homeowner in exchange would sign a note agreeing to repay the government some years in the future (say, 10), with interest at the same rate currently required under the homeowner's mortgage.