“Among the public men of democracies, there are hardly
any but men of great disinterestedness or extreme mediocrity who
seek to oppose the centralization of government; the former are
scarce, the latter powerless.”--Alexis de Tocqueville
El-Erian, who had been widely seen as the heir apparent to William Gross at PIMCO, will leave the investment firm in mid-March.
Some guy named Rhawm
Joseph is suing NASA over the amount of investigating they are doing on
Mars. He feels they are overlooking some things. "Popular Science" says
he is "a selfdescribed scientist." "Selfdescribed" might be a moniker for many in the present and future.
The head of PNC finances, Stuart Hoffman, spoke recently and was very complimentary towards Bernacki and Yellen. He is also upbeat about the financial year and has optimism about how the debt would be handled.
From
the Mars One website: Mars One is a not-for-profit foundation that will
establish a permanent human settlement on Mars. Human settlement on
Mars is possible today with existing technologies. Mars One mission plan
integrates components that are well tested and readily available from
industry leaders worldwide. The first footprint on Mars and lives of the
crew thereon will captivate and inspire generations; it is this public
interest that will help finance this human mission to Mars.
The company is a curious one with venture capitalist, an angel from Golden Spike, a few guys with Masters in science. Selfdescribed spacemen.
The company is a curious one with venture capitalist, an angel from Golden Spike, a few guys with Masters in science. Selfdescribed spacemen.
Who is.....Raghuram Rajan?
Among the major carriers, United had the most involuntary denied boardings from July to September, the last months for which figures are available. It bumped 4,014 passengers, for 1.9 bumpings per 10,000 passengers. By contrast, JetBlue, with the fewest denied boardings, bumped just 10 passengers. This is covered by the Code of Federal Regulations under "involuntary denied boarding" (14 CFR - 250.8). Generally, in planes with more than 60 seats, the bumped passenger is entitled to 400% of his ticket.
There is a severe drought in California right now. According to tree rings, California has experienced "megadroughts"
which can last for decades, even centuries. There was apparently a 240
year drought from 850-1090, and another 170 year drought after that.
According to the Society of Actuaries, the ACA's bailout of insurers was designed as incentive to insurers to set premiums too low and to make ObamaCare look affordable. That should help politicians tied to ObamaCare and protects insurers who want market share.
Barack Obama has won two Grammy Awards.
Barack Obama has won two Grammy Awards.
A
large study in Oregon compared insured and uninsured. The results,
reported in the May 2013 New England Journal of Medicine, were that
after two years there was no significant difference between insured and
uninsured in blood-sugar level, blood pressure and cholesterol
levels—although those with Medicaid saved money and were less likely to
suffer depression. Strangely, those with Medicaid were 40% more likely
to go to emergency rooms than those without insurance.
According
to many, the single asset most sensitive to Fed tightening is
emerging-market local debt. If that is true, what responsibility to
emerging markets--and their citizens--do the Americans have when they
proceed with the "tapering?"
An interesting little contradiction on the notion of "subsidiarity": Pope John Paul II took the “social assistance state” to task in his 1991 encyclical Centesimus Annus when he wrote that the Welfare State was contradicting the principle of subsidiarity by intervening directly and depriving society of its responsibility. (Subsidiarity is a notion that anything done socially should be done with the least complexity.) This “leads to a loss of human energies and an inordinate increase of public agencies which are dominated more by bureaucratic ways of thinking than by concern for serving their clients and which are accompanied by an enormous increase in spending.” In spite of this clear warning, the United States Catholic Bishops have publicly criticized recent congressional efforts to reform the welfare system by decentralizing it and removing its perverse incentives.
An interesting little contradiction on the notion of "subsidiarity": Pope John Paul II took the “social assistance state” to task in his 1991 encyclical Centesimus Annus when he wrote that the Welfare State was contradicting the principle of subsidiarity by intervening directly and depriving society of its responsibility. (Subsidiarity is a notion that anything done socially should be done with the least complexity.) This “leads to a loss of human energies and an inordinate increase of public agencies which are dominated more by bureaucratic ways of thinking than by concern for serving their clients and which are accompanied by an enormous increase in spending.” In spite of this clear warning, the United States Catholic Bishops have publicly criticized recent congressional efforts to reform the welfare system by decentralizing it and removing its perverse incentives.
Golden oldie:
According
to the Federal Reserve Bank of New York, in late 2013 outstanding
student loan debt topped $1 trillion. Additionally, over 11 percent of
those loans are delinquent by 90 or more days.
Among
PhDs., over 12 percent of individuals graduating from Ph.D. programs
had student loan debt of $50,000 or more. Interestingly, according to
the Chronicle of Higher Education, Ph.D. programs have
approximately a 50 percent attrition rate so the number of students in
debt of this group might be much higher.
"Mercurial": subject to sudden or unpredictable changes of mood or mind: e.g. "his mercurial temperament."
After
Mercury, the Roman messenger of the gods; having the qualities
associated with the god Mercury, such as a quick wit, eloquence, and
changeability. Mercury, a liquid metal, was so named by alchemists who
observed the element’s rapid, liquid flow, and likened it to the fastest
moving planet, Mercury, named after the fast moving Roman messenger of
the gods. Mercury is the Greek Hermes although Mercury himself seems to
be of Etruscan origin.
The P/E ratio divides the price of a stock by the company's earnings. The Schiller CAPE P/E
smooths out the earnings by averaging them for ten years. The CAPE
shows--if correct--the U.S. market is the second most expensive in the
world.
Investment banking
giant Goldman Sachs has declared the renewable energy sector to be one
of the most compelling and attractive markets – and is proceeding with $US40 billion ($A46 billion) of made and planned investments.
The
Cape of Good Hope is where the warm Agulhas Current (also called the
Mozambique Current), rushing down from the Indian Ocean, meets the cold Benguela
Current, pushing up from Antarctica. The difference in water
temperatures is a recipe for legendary storms. Bartholomew Dias, as part
of the amazing Portuguese effort to sail and open the world, was the
first European to have sailed around the Cape, in 1488. In 1497, Vasco da
Gama--another Portuguese--sailed the Cape to India and opened the trade
routes. Dias had called the Cape the Cape of Storms but Portuguese King
John II with da Gama changed the name to Cape of Good Hope to keep sailors' spirits up about the treacherous place.
AAAAAAaaaaaaannnnnnddddddd.......a graph:
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