Wednesday, October 16, 2013

Cab Thoughts 10/16/13

Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.--deTocqueville

The Yellin appointment is absolutely fascinating. Her view of the Fed is to create circumstances that facilitate job growth. Has this duty ever been articulated before? The "quantitative easing" of the last leadership did not influence jobs, sooooooo.......?

With all the fuss about Obama's declining popularity these numbers for some reason have not caught the talk show eye: 28% of Americans approve of the GOP, a record low number, according to Gallup.

EnteroMedics Inc. is a small company with an electric pulse stimulator that purports to suppress appetite. The only real problem is that it doesn't work. No study has ever shown it superior to any placebo. But clever Wall Street hotshots have been buying the stock all year. Why? Because there is no other solution and it looks like it doesn't hurt people. So they are banking on the FDA to give overweight voters an action placebo.

The Nobel Peace Prize for 1994 was awarded to Palestine Liberation Organization Chairman Yasir Arafat.

Who was....Charles Martel ?

Elision. e-li-sion: n. the omission of a vowel, consonant or syllable in pronunciation; the omission of a vowel at the end of one word when the next word begins with a vowel (th'other); an act or instance of omitting anything. ety: 1575-85; < Latin ēlīsiōn- (stem of ēlīsiō ) a striking out. One finds this in historical reviews, usually as a criticism of an incomplete or truncated explanation.

The Affordable Care Act has 9 new codes for injuries suffered from the macaw, 2 codes for turtle injuries.

Golden Oldies:

In math, reading and problem-solving using technology - all skills considered critical for global competitiveness and economic strength - American adults scored below the international average on a global test called the Program for the International Assessment of Adult Competencies. Americans scored toward the bottom in the category of problem solving in a technology rich environment. The top five scores in the areas were from Japan, Finland, Australia, Sweden and Norway, while the US score was on par with England, Estonia, Ireland and Poland. Japanese and Dutch adults who were ages 25 to 34 and only completed high school easily outperformed Italian or Spanish university graduates of the same age. In England, Germany, Italy, Poland, and the United States, social background has a big impact on literacy skills, meaning the children of parents with low levels of education have lower reading skills. (Now, who are these guys, who is their parent group, why do they need a 350 Euro budget and where did they get it?)

Alice Munro has won the Nobel Prize in literature. She is 82 and recently announced that she likely will give up writing: "Not that I didn't love writing, but I think you do get to a stage where you sort of think about your life in a different way. And perhaps, when you're my age, you don't wish to be alone as much as a writer has to be."

Does the donning of goggles to protect your eyes during a champagne celebration after a baseball championship make the event considerably less exciting. And excited.

Non-profits are a strange beast. Non-profit sales of goods and services to households amount to almost $1 trillion a year -- or more than 5 percent of gross domestic product. According to a study by Johns Hopkins non-profit employment increased by almost 2 percent from 2007 to 2009 while for-profits employment dropped 4%. One in 10 workers outside government now works for a nonprofit, and that number is projected to keep rising. 60 percent of nonprofit revenue is received by hospitals and other health care providers. Education accounts for an additional 16 percent.

In 2006, then-Senator Obama voted against raising the debt ceiling.

There is some angst in the West over a study recently that showed the absence of looting following the earthquakes, tsunami and nuclear crisis.

AAAAAAnnnnnnddddd....a picture (probably untrue but still funny):

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