"I have not the pleasure of knowing my reader but I would stake ten to one that for six months he has been making Utopias, and if so, that he is looking to Government for the realization of them."--Bastiat
At a Washington community college, invitations to a "happy hour" celebrating diversity and fighting racism said white people were not invited.
At a Washington community college, invitations to a "happy hour" celebrating diversity and fighting racism said white people were not invited.
In 2009, China's social spending equaled only 7% of GDP. In France it is 32%.
Demand. And "aggregate demand," the sum of all individual demand in an economy. One of the key assertions of John Keynes’s economic theory is the primacy of consumption--demand--and its impact on growth. Indeed without economic activity, without people buying things, there can be no growth. And thus Keynesians assert that in times of economic inactivity or a recession, governments should run deficits in order to spur consumption, to restart the engines of the economy.
Others think that income is far more important. Keynesian monetary policy, by lowering rates, encourages people to take on debt. But debt is future consumption brought forward. Whereas if we create more income, we not only have more to spend today but we will also have more to spend in the future. So supply-siders would argue that lowering taxes will drive economic growth as incomes grow. Keynes would increase demand by lowering interest rates and encourage buying with debt--future income. So should growth be fueled by debt or income? Both provide cash. But borrowing from the future to stimulate present growth would seem to deprive the future of that income and thus guarantee declining growth for the future.
The vigilant Department of Homeland Security raided a Kansas City shop to stop sales of panties emblazoned with unauthorized Royals logos. Justice never sleeps.
One of the aims of the Federal Reserve is to raise interest rates, to have a mildly inflationary economy. And, while the drop in the price of oil is good for individual households, it begins at some point to have a negative effect on the economy through causing less oil exploration and development. That results in unemployment which rising interest rates worsen. The Grand Wizards and Exalted Cyclops of the economy always have had difficulty in controlling everything. Yet they remain unafraid.
In Seattle, the Freedom Socialist Party, which favors a $20-an-hour minimum wage, advertised a job opening for a Web developer to be paid $13 an hour.
Barack Obama explained the Keystone XL pipeline: "It is providing the ability of Canada to pump their oil, send it through our and, down to the Gulf, where it will be sold everywhere else. That doesn't have an impact on U.S. gas prices." Read that again. That is the President of the United States who thinks the price of oil is not global.
Who is... Ellis Bell?
Stock successes: Since its IPO in August 2004, Google has gained 1,282 percent. Tesla had a gain of 1,352 percent in less than four years – Tesla’s IPO was June 2010 – vs. the decade it took Google to gain 1,000 percent. Yet Chipotle compared has a 2,865 percent gain since going public in 2006. And Netflix beat that, rising 5,816 percent since 2002.
Then there is Apple up 22,288 percent in appreciation since its 1980 debut. It has become world’s biggest company by market capitalization.
Then there is Apple up 22,288 percent in appreciation since its 1980 debut. It has become world’s biggest company by market capitalization.
In Colorado Springs, second-graders were invited to use their imaginations in seeing shapes in clouds. Eight year old Kody Smith said one looked like a gun. Soooooo, a behavior report was filed against the kid.
The new Orion is big--big interior and big rocket. It is expected to have the range of Mars.
Orion is scheduled to lift off on its first test flight at 7:05 a.m. ET Thursday from Space Launch Complex 37 at Cape Canaveral, Florida. The launch window will be open for two hours and 39 minutes.
Orion will climb to an altitude of 3,600 miles (15 times higher than the International Space Station) and orbit Earth twice during the four and a half hour test run, NASA says. The spaceship will splash down in the Pacific Ocean about 600 miles off the coast of Baja California.
This first flight won't carry any astronauts, but it will move NASA closer to getting back to crewed spaceflight.
Swiss law allows for the challenge of any law or the initiation of any law by citizen referendum.
In 2014 alone there have already been three referendums concerning such diverse issues as the minimum wage, abortion, and the financing and development of railway infrastructure.
Another is brewing: The requirement that the government buy gold to back the currency. (It failed.)
A few studies have reported on super smart dogs that know hundreds of words. Chaser, a border collie in South Carolina, learned 1,022 nouns and commands to go with them.
Golden oldie:
http://steeleydock.blogspot.com/2012/04/small-ball-obama-as-clint-hurdle.html
In 2014 alone there have already been three referendums concerning such diverse issues as the minimum wage, abortion, and the financing and development of railway infrastructure.
Another is brewing: The requirement that the government buy gold to back the currency. (It failed.)
A few studies have reported on super smart dogs that know hundreds of words. Chaser, a border collie in South Carolina, learned 1,022 nouns and commands to go with them.
Golden oldie:
http://steeleydock.blogspot.com/2012/04/small-ball-obama-as-clint-hurdle.html
The Shiller P/E ratio, developed by Nobel Prize-winning economist Robert Shiller, adjusts earnings for inflation and average corporate earnings over the last 10 years. The current Shiller P/E ratio is 26.5, dangerously high compared to the historical average of 16. During the dot-com heydays, the Shiller P/E got as high as 44.
Buffett’s favorite valuation indicator is the total stock market cap divided by GDP.
Buffett called this indicator “the best single measure of where valuations stand at any given moment” because it really compares the relationship between the stock market and the economy. In short, when the overall market capitalization is greater than GDP, the stock market is expensive. this market cap/GDP ratio is dangerously high at 127% of GDP, which is its highest reading since the dot-com days.
Exiguous adj: scanty; meager; small; slender: exiguous income. It is related to the term exigent and comes from the Latin word exiguus meaning "scanty in measure or number."
Emily Bronte, the fifth of the talented Bronte children, wrote Wuthering Heights. She also wrote a number of poems using many of the same themes as her novel, especially the "Gondal Poems" from an imaginary island she and her sister created when they were children. She died when she was thirty. Thirty.
AAAAaaaaaaannnnnddddd.....a graph:
Buffett’s favorite valuation indicator is the total stock market cap divided by GDP.
Buffett called this indicator “the best single measure of where valuations stand at any given moment” because it really compares the relationship between the stock market and the economy. In short, when the overall market capitalization is greater than GDP, the stock market is expensive. this market cap/GDP ratio is dangerously high at 127% of GDP, which is its highest reading since the dot-com days.
Exiguous adj: scanty; meager; small; slender: exiguous income. It is related to the term exigent and comes from the Latin word exiguus meaning "scanty in measure or number."
Emily Bronte, the fifth of the talented Bronte children, wrote Wuthering Heights. She also wrote a number of poems using many of the same themes as her novel, especially the "Gondal Poems" from an imaginary island she and her sister created when they were children. She died when she was thirty. Thirty.
AAAAaaaaaaannnnnddddd.....a graph:
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