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C&L's Late Nite Music Club: Johnny Cash 'Hurt'
6 hours ago
Oh! a private buffoon is a light-hearted loon, If you listen to popular rumour; From the morn to the night he's so joyous and bright, And he bubbles with wit and good humour! He's so quaint and so terse, both in prose and in verse; Yet though people forgive his transgression, There are one or two rules that all family fools Must observe, if they love their profession. [Yeomen of the Guard, Gilbert & Sullivan]
Inflation Bonds Are Sold With Negative Yield for First TimeWhat economist do you know that's worried about INFLATION???
By CHRISTINE HAUSER
Published: October 25, 2010
Inflation-protected securities sold at negative yields for the first time ever on Monday as traders anticipate that the Federal Reserve will start a new round of asset purchases.
Analysts said that asset purchases by the Fed would lead to a higher inflation rate and a positive return on the bonds.
The $10 billion auction of the five-year bonds sold at a negative yield of 0.550 percent, according to the Treasury Department.
It was in this form -- as pamphlets -- that much of the most important and characteristics writing of the American Revolution appeared. For the Revolutionary generation, as for its predecessors back to the early sixteenth century, the pamphlet had peculiar virtues as a medium of communication. Then, as now, it was seen that the pamphlet allowed one to do things that were not possible in any other form.This characterization suggests that today's political pamphlets take the form of political blogs, like Private Buffoon and much better-known ones.
The pamphlet [George Orwell, a modern pamphleteer, has written] is a one-man show. One has complete freedom of expression, including, if one chooses, the freedom to be scurrilous, abusive, and seditious; or, on the other hand, to be more detailed, serious and "high-brow" than is ever possible in a newspaper or in most kinds of periodicals...It's fun to realize that political blogs, like Private Buffoon (and those mentioned in right-hand sidebar!), can trace their ancestry to America's Revolutionary period! - a decent pedigree!!!
Cholera outbreak creeps closer to Haiti's capitalWith cholera in the news, I'll take the opportunity to mention the earliest use of statistical graphics in epidemiology: Dr. John Snow's map of water wells in London during the cholera outbreak in 1854. Snow plotted on a street grid, 1) the location of cholera cases, and 2) the location of public water wells. From this simple graph he deduced that all cholera cases derived from folks who got their water from a single well.
On proceeding to the spot, I found that nearly all the deaths had taken place within a short distance of the [Broad Street] pump. There were only ten deaths in houses situated decidedly nearer to another street-pump. In five of these cases the families of the deceased persons informed me that they always sent to the pump in Broad Street, as they preferred the water to that of the pumps which were nearer. In three other cases, the deceased were children who went to school near the pump in Broad Street...
With regard to the deaths occurring in the locality belonging to the pump, there were 61 instances in which I was informed that the deceased persons used to drink the pump water from Broad Street, either constantly or occasionally...
The result of the inquiry, then, is, that there has been no particular outbreak or prevalence of cholera in this part of London except among the persons who were in the habit of drinking the water of the above-mentioned pump well.
I had an interview with the Board of Guardians of St James's parish, on the evening of the 7th inst [Sept 7], and represented the above circumstances to them. In consequence of what I said, the handle of the pump was removed on the following day.
—John Snow, letter to the editor of the Medical Times and Gazette
Obama Blasts Republican Economic Policies: GOP 'Snake Oil' Could Jeopardize EconomyFor quite some time I've been suggesting that the GOP are economic snake oil salesmen.
"The prerequisites for such a course are minimal. Indeed, we feel that any student having a good background in advanced calculus, differential equations, and complex variables can adquately handle the contents."Some folks' concept of 'minimal' does not quite coincide with my own!
16 = 2^(2^2) = (2^2)^2,I've got a proof if anyone's interested.
with '^' representing exponentiation (e.g., 2^3 = 2*2*2 = 8; 3^2 = 3*3 = 9).
'2' is the ONLY integer satisfying this associative property of exponentiation!
[3^(3^3) does NOT equal (3^3)^3]
Tuesday:Cheap Debt for Corporations Fails to Spur EconomyTell me again how TAX CUTS for corporations will be stimulative?
NYT
By GRAHAM BOWLEY
Published: October 3, 2010
As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can.
...
The development presents something of a chicken-and-egg situation: Corporations keep saving, waiting for the economy to perk up — but the economy is unlikely to perk up if corporations keep saving.
This situation underscores the limits of Washington policy makers’ power to stimulate the economy. The Federal Reserve has held official interest rates near zero for almost two years, which allows corporations to sell bonds with only slightly higher returns — even below 1 percent. But most companies are not doing what the easy monetary policy was intended to get them to do: invest and create jobs.
The Fed’s low rates have in fact hurt many Americans, especially retirees whose incomes from savings have fallen substantially. Big companies like Johnson & Johnson, PepsiCo and I.B.M. seem to have been among the major beneficiaries.
“They are benefiting themselves by borrowing and keeping this cash, but it is not benefiting the economy yet,” said Dana Saporta, an economist at Credit Suisse in New York.
American corporations have been saving more money since the financial collapse of 2008. But a recent rush of blue-chip bond offerings — including a $4.75 billion deal last month by Microsoft, one of the richest companies in the world — has put even more money in their coffers.
Corporations now sit atop a combined $1.6 trillion of cash, a figure equal to slightly more than 6 percent of their total assets. In the first quarter of this year it was 6.2 percent of assets, the highest level since 1964, when it was 6.4 percent.
When will they start spending that money — in particular, by hiring?
That is part of what has become the great question of this long, jobless recovery: When will corporate America start to feel confident enough to put its cash to work, building factories and putting some of the nation’s 14.9 million unemployed to work?
They're SITTING ON tons of $$$ - BUT NOT HIRING.
Just as a reminder: 10-year T-bills now sitting at 2.52%... we - the U.S. Govt - can borrow money cheaper now than any time in the past 20 years!
So, tell me: why is borrowing $$$ to spend on JOB-CREATING STIMULUS (see, e.g., New Deal) a bad idea???
... oh, yeah - I forgot: the GOP controls the dialog
"Compassionate Conservatism"Med stuff: wife has been scanned every day so far this week - oncologist appt tomorrow to determine next steps.Visit msnbc.com for breaking news, world news, and news about the economy
Yep -
1. fire fighters on the scene...
2. ... BUT: folks haven't paid their dues...
3. ... SO - LET THE HOUSE BURN!
This is what GOP's America looks like!!!
CIA Escalates in Pakistan... like, back in the '70s of the last century, didn't we pass legislation prohibiting CIA from overt acts of war???
Pentagon Diverts Drones From Afghanistan to Bolster U.S. Campaign Next Door
By ADAM ENTOUS, JULIAN E. BARNES And SIOBHAN GORMAN
WSJ, 2 Oct 2010
WASHINGTON—The U.S. military is secretly diverting aerial drones and weaponry from the Afghan battlefront to significantly expand the CIA's campaign against militants in their Pakistani havens.
All Just Players At The CasinoNow - truth to tell - I've NEVER paid attention to CNBC, BUT - yes, it is striking that professional commentators continue to pretend that "investors" know things!
I don't pay as much attention to the world of CNBC and satellites as much as I used to, but I'm still struck by how much people in that world actually believe "investors" know things.
[emphasis added]
Her current fervently fundie Christianity can be taken as evidence of the power of the Holy Spirit and the saving grace of G-d.