"Government is the great fiction through which everybody
endeavors to live at the expense of everybody else." -Frederic Bastiat,
1848
Who is....Pahom?
Golden oldie:
http://steeleydock.blogspot.com/2012/07/if-one-small-thing-is-true-then.html
Most states — 44 out of 50 — hold some state and local elections off the federal cycle. Why? Political scientist Sarah Anzia, a professor at the University of California, Berkeley, gives a compelling explanation in a book published last year. When school boards and other municipal offices are up for election at odd times, few run-of-the-mill voters show up at the polls, but voters with a particular interest in these elections — like city workers themselves — show up in full force. The low-turnout election allows their policy goals to dominate. Anzia shows that off-cycle elections lead to higher salaries and better health and retirement benefits for teachers and public employees.
Uniform regulation in the British Army between the years 1860 and 1916 stipulated that every soldier should have *a moustache*. Although the act of shaving one’s upper lip was trivial in itself, it was considered a breach of discipline. If a soldier were to do this, he faced disciplinary action by his commanding officer which could include imprisonment.
Q1 GDP rose at a disappointing 1.5%, rising to $16.394 trillion in chained dollars, an increase of $61 billion, and a modest annual increase of just 2% compared to Q3 2014, the lowest Y/Y increase since the 1.7% recorded in Q1 2014. The source of growth? Health care. So is Obamacare the only growth factor in the slow recovery? And wasn't that supposed to decrease costs and expenditures?
AAAAAaaaaannnnnnnddddd.....a picture, famous actually, of the Titanic and her four funnels:
Pictures of the
Titanic clearly show four cream and black funnels. While three of these
released the steam from the boilers, the fourth was just for show. The
designers thought the ship would look more impressive with four funnels
rather than three.
Renowned
hedge fund manager Stanley Druckenmiller said the central bank has
created a bubble of short-term investing through its near zero interest
rates and quantitative easing. On the heels of the financial crisis, the
Fed cut its target rate to near zero and conducted three rounds of
money printing during which it expanded its balance sheet to $4.5
trillion.
Druckenmiller said
the first round of QE was necessary to stem the financial crisis,
during which unemployment soared eventually to 10 percent and the
economy entered its worst slump since the Great Depression. But he
thinks the Fed took its cheap-money policies too far. "All you do when
you're doing this is you're pulling demand forward to today,"
Druckenmiller said Tuesday at the annual DealBook conference. "This is
not some permanent boost you get. You're borrowing from the future. I
think there's been such a misallocation of resources that this has gone
on so long and unnecessarily (and) the chickens will come home to
roost."
Puff piece articles can be confusing but may be so idiotic that they are dangerous to the reader. It reminds one of Orwell's concern for twisting language. Here's one from one that should know better,"The Economist:" The highest median earnings from a nonvocational college? Ten years after entering college, alumni from MIT brought home a median salary of $91,600 — about $20,000 less than pharmacy-school grads.
Puff piece articles can be confusing but may be so idiotic that they are dangerous to the reader. It reminds one of Orwell's concern for twisting language. Here's one from one that should know better,"The Economist:" The highest median earnings from a nonvocational college? Ten years after entering college, alumni from MIT brought home a median salary of $91,600 — about $20,000 less than pharmacy-school grads.
Who is....Pahom?
Egyptologists
and followers of mysticism have been fascinated for centuries by the
fact that the Great Pyramid at Giza seems to approximate pi. The
vertical height of the pyramid has the same relationship to the
perimeter of its base as the radius of a circle has to its
circumference.
Reuters reports that San Francisco Fed President John Williams said Friday that low neutral interest rates are a warning sign of possible changes in the U.S. economy that the central bank does not fully understand. With Japan having been there for decades, and the rest of the developed world there for 6 years, suddenly, just weeks away from what The Fed would like the market to believe is the first rate hike in almost a decade, Williams decides now it is the time to admit the central planners might be missing a factor. The San Francisco Fed President said that.
Reuters reports that San Francisco Fed President John Williams said Friday that low neutral interest rates are a warning sign of possible changes in the U.S. economy that the central bank does not fully understand. With Japan having been there for decades, and the rest of the developed world there for 6 years, suddenly, just weeks away from what The Fed would like the market to believe is the first rate hike in almost a decade, Williams decides now it is the time to admit the central planners might be missing a factor. The San Francisco Fed President said that.
Golden oldie:
http://steeleydock.blogspot.com/2012/07/if-one-small-thing-is-true-then.html
Most states — 44 out of 50 — hold some state and local elections off the federal cycle. Why? Political scientist Sarah Anzia, a professor at the University of California, Berkeley, gives a compelling explanation in a book published last year. When school boards and other municipal offices are up for election at odd times, few run-of-the-mill voters show up at the polls, but voters with a particular interest in these elections — like city workers themselves — show up in full force. The low-turnout election allows their policy goals to dominate. Anzia shows that off-cycle elections lead to higher salaries and better health and retirement benefits for teachers and public employees.
Uniform regulation in the British Army between the years 1860 and 1916 stipulated that every soldier should have *a moustache*. Although the act of shaving one’s upper lip was trivial in itself, it was considered a breach of discipline. If a soldier were to do this, he faced disciplinary action by his commanding officer which could include imprisonment.
Kentucky
has made it illegal to violate national statute. (This is aimed at
sanctuary cities.) So the state has made a law against violating federal
law. If Hillary gets elected we can call her the Queen of Hearts.
A day after Obama officially slammed the
seal shut on Transcanada's Keystone XL pipeline after a seven year
"review" (and days after the company itself withdrew its application,
something which the admin ignored just so it could have the final say
on the mater), an oil tanker train derailed north of Alma,
Wisconsin along the Mississippi River 80 miles south of Minneapolis,
with at least 32 cars off the tracks.
Q1 GDP rose at a disappointing 1.5%, rising to $16.394 trillion in chained dollars, an increase of $61 billion, and a modest annual increase of just 2% compared to Q3 2014, the lowest Y/Y increase since the 1.7% recorded in Q1 2014. The source of growth? Health care. So is Obamacare the only growth factor in the slow recovery? And wasn't that supposed to decrease costs and expenditures?
Leo
Tolstoy wrote a short story called "How Much Land Does a Man Need?"
where a farmer, Pahom, is given the chance to gain ownership of land, as
much land as he can walk around in a single day. He walks and his greed
kills him. Linklater has a book called Owning the Earth that
traces the history of ownership of property without masters, tribes or
families. He says the dispersal of the monasteries by Henry VIII was a
huge step in property ownership--eventually.
In
May, Police Chief Leonard Campanello of the Gloucester, Massachusetts
Police Department announced that his department would adopt the new
policy of treatment over arrest. Five months since the program launched,
Campanello reports positive results: over
260 addicts have been placed in treatment. This summer, shoplifting,
breaking and entering, and larceny dropped 23% from the same period
last year. “We are seeing real people get the lives back,” he said. “And
if we see a reduction in crime and cost savings that is a great bonus.”
The recent job report:
- Workers aged 55 and over: +378,000
- Workers aged 25-54: -35,000
Andrew Napolitano, the news commentator, is taking the Clinton deceptions much more seriously than anyone else and feels she is in trouble. (He is a former judge.) On the arms to Libya: "Clinton, however, decided that she could accelerate the departure of the Libyan strongman, Col. Moammar Gadhafi, by arming some of the Libyan rebel groups that were attempting to oppose him and thus helping them to shoot at government forces. So, in violation of federal law and the U.N. arms embargo on Libya she authorized the shipment of American arms to Qatar, knowing they’d be passed off to Libyan rebels, some of whom were al-Qaida, a few of whom killed Ambassador Stevens using American-made weapons. When asked about this, she said she knew nothing of it. The emails underlying this are in the public domain. Clinton not only knew of the arms-to-Libyan-rebels deal, she authored and authorized it. She lied about this under oath......
It is difficult to believe that the federal prosecutors and FBI agents investigating Clinton will not recommend that she be indicted. Inexplicably, she seems to have forgotten that they were monitoring what she said under oath to the Benghazi committee. By lying under oath, and by misleading Congress, she gave that team additional areas to investigate and on which to recommend indictments." This, of course, implies an integrity in government that, to many, is absent.
The recent job report:
- Workers aged 55 and over: +378,000
- Workers aged 25-54: -35,000
Andrew Napolitano, the news commentator, is taking the Clinton deceptions much more seriously than anyone else and feels she is in trouble. (He is a former judge.) On the arms to Libya: "Clinton, however, decided that she could accelerate the departure of the Libyan strongman, Col. Moammar Gadhafi, by arming some of the Libyan rebel groups that were attempting to oppose him and thus helping them to shoot at government forces. So, in violation of federal law and the U.N. arms embargo on Libya she authorized the shipment of American arms to Qatar, knowing they’d be passed off to Libyan rebels, some of whom were al-Qaida, a few of whom killed Ambassador Stevens using American-made weapons. When asked about this, she said she knew nothing of it. The emails underlying this are in the public domain. Clinton not only knew of the arms-to-Libyan-rebels deal, she authored and authorized it. She lied about this under oath......
It is difficult to believe that the federal prosecutors and FBI agents investigating Clinton will not recommend that she be indicted. Inexplicably, she seems to have forgotten that they were monitoring what she said under oath to the Benghazi committee. By lying under oath, and by misleading Congress, she gave that team additional areas to investigate and on which to recommend indictments." This, of course, implies an integrity in government that, to many, is absent.
AAAAAaaaaannnnnnnddddd.....a picture, famous actually, of the Titanic and her four funnels:
 |
| Actually the fourth funnel did not have any function at all. It even exposed the steamer additional air resistance. |
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