Wednesday, October 7, 2015

Cab Thoughts 10/7/15

 "That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy."--Orwell (!)


When Christopher Columbus landed on what he later named Hispaniola in 1492, the people greeted him with offerings, unaware that he was claiming their lands for Spain. By 1508, the Hispaniola’s native Arawak/Taíno population had fallen from about 400,000 to just 60,000 due to the devastating social, political, ecological, and immunological effects of Spain’s arrival. Ten years later, less than 3,000 Arawak/Taínos remained alive on Hispaniola.

Stanley Druckenmiller is a remarkably successful money manager, starting I think, with Soros. Following the filing as of the end of Q2, the largest position for Stanley Druckenmiller was gold, following the purchase of 2.9 million shares of the GLD ETF shares. In other words, as of this moment, gold amount to over 20% of Druckenmiller's total holdings.


 
Who is....Balzac?

"Latency arbitrage:" Each foot closer you are to the exchange server containing the price of a stock at any moment saves you one nanosecond in transaction time. And one can get it by simply paying the exchanges for the rights to co-locate with the exchange servers. Bottom line: they’re getting crucial pricing information before the market at large. For High Frequency Traders that nanosecond allows them to buy and sell with information available to them sooner than the general market. They are virtually guaranteed a profit each time they trade.
 
It appears as if Huma Abedin had access to an off-government server that she used for government business.

“Notes on the Death of Culture: Essays on Spectacle and Society” by Mario Vargas Llosa has just been published and some are really mad. The book starts with an introduction to Eliot’s “Notes Toward the Definition of Culture” in which Eliot breaks down cultural presence to three groups, the individual basis in the West being Christianity.  “It is in Christianity that our arts have developed,” Eliot writes; “it is in Christianity that the laws of Europe have — until recently — been rooted.” Llosa laments the loss of Christian guidance and then turns upon a likely co-conspirator, democracy. Democracy and "altruism" "has had the undesired effect of trivializing and cheapening cultural life, justifying superficial form and content in works on the grounds of fulfilling a civic duty to reach the greatest number.” “Chefs and fashion designers now enjoy the prominence that before was given to scientists.”
The reviewer, Joshua Cohen, is having none of this. He accuses Llosa of being a product of the self-same decline with this summary:
'About a week before “Notes on the Death of Culture” was published, Vargas Llosa left his wife of 50 years for Isabel Presyler, a Filipino-born Spanish socialite, model and former beauty queen known as the Pearl of Manila, and as the ex-wife of Julio Iglesias. Vargas Llosa announced their relationship on his official Twitter account, and sold photos and the “exclusive” story to Hola! magazine, reportedly for 850,000 euros. My favorite headline read: “Enrique Iglesias’ Mom Just Broke Up the Marriage of Nobel Winner Mario Vargas Llosa, 79.” Since the scandal broke, his numbers have been up, in English and in Spanish, on the only Amazon that people seem to care about. Culture is how we pass the time between hypocrisies."

Saturnalia: noun: A time of unrestrained revelry.  ETYMOLOGY: From Latin Saturnalia (relating to Saturn). In ancient Rome, Saturnalia was a festival celebrated in December in honor of the Roman god Saturn who also gave his name to the planet Saturn. It is often said this festival was co-opted by Christians for Christmas. Earliest documented use: 1591. And, of course, it has a weird anagram: Australian. Who could be surprised at that?
 
Recent data indicates that our Milky Way Galaxy will collide and coalesce with the slightly larger Andromeda galaxy in a few billion years.
 
The Russian attack sub, The Kursk, sank in 2000. It was 500 feet long and weighed 24,000 tons. It had two nuclear reactors and could reach speeds of 28 knots. It was the largest attack submarine in the world, approximately three times the size of the largest subs in the United States Navy. The Russian government clarified all questions over the relationship between government and its people by refusing any outside assistance--through paranoia or embarrassment, both apparently ranking in importance above its own sailors. 118 men died.

Golden oldie:
http://steeleydock.blogspot.com/2014/10/mistaking-defiance-for-principle.html

Virginia Dare was the first English child born in the Americas. She began her life in the colony of Roanoke in what is now the state of North Carolina. Strangely, the colony soon disappeared, and what became of Dare and the other colonists remains a mystery.
 
"In the 1948 war, Jewish forces would empty Arab villages of their populations, often by threats, sometimes by just gunning down a half-dozen unarmed Arabs as examples to the rest. To make sure the Arabs couldn't return to make a fresh life for themselves in these villages, the Israelis put typhus and dysentery bacteria into the water wells."-- Dr. K R Bolton (2006) ANTI-SEMITISM: CUI BONO?", Renaissance Press, p.15:
 
So, if the efforts to help the low wage worker by raising the minimum wage results in decline in business profitability and bankruptcies, will the public be asked to financially support those damaged businesses?

The pursuit to become more attractive is a $160 billion-a-year global industry that includes weight-loss programs, cosmetics, skin and hair care, perfumes, cosmetic surgery, health clubs, and hormone injections. Americans spend more money per year on beauty enhancements than they do on education.

Brain size: Neanderthals=1450 cc; Cro-magnon=1600 cc; Homo sapiens=1450 cc.
An elephant's brain weighs over 11 pounds.
 
"If I don't achieve greatness by The Human Comedy," Balzac wrote his sister, "I shall at least achieve it in this if it comes off." What he was referring to was quite an achievement: A marriage to the Polish Countess Hanska, recently widowed but a correspondent for sixteen years. Her estate included 21,000 acres, 3000 serfs (counting just males), 300 servants, its own orchestra and a hospital. She overcame her reserves over Balzac's poverty and his dissolute life--as well as the calumny whispered by her sister, a "two-legged bottle of vinegar," and married him. He survived for only five months but was probably more comfortable than any other time in his stormy life.

The world's most unusual shark, the megamouth (Megachasma pelagios), wasn't discovered until 1976. Its mouth can reach up to three feet across, while the rest of the body is about 16 feet long. Only 14 megamouths have ever been seen.
 

Is a child born in the U.S. automatically a citizen? The 14th Amendment provides that "All persons born or naturalized in the United States and subject to the jurisdiction thereof are citizens of the United States and of the state wherein they reside." After a trip abroad, Wong Kim Ark was blocked from re-entering the country on the grounds that he was not a citizen. He fought back and won. By a 6-2 vote, the court said the 14th Amendment applied to virtually everyone born here, except for children of enemies of the U.S. or of foreign diplomats, or children born on Native American reservations, which were considered sovereign entities.

The new President of the Dallas Fed, Harvard professor Robert S. Kaplan, until 2006 was vice chairman of none other than Goldman Sachs. Three of the twelve Fed bank presidents are from Goldman.
 
More than two years after the State Department claimed there were no emails responsive to a Freedom of Information Act (FOIA) request about a close Hillary Clinton adviser’s contact with the media, the Department has informed a judge it has located 17,855 emails that appear to match the criteria. This was in response to a lawsuit by Gawker. Gawker!
 
 
AAAAAaaaaaannnnnndddddd.......a chart:

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