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Happy “Deficit Day,“ America! The fiscal precipice grows closer
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Gold mining destroying Rain Forests - tracts of dead zones slicing ever-widening swathes through the once-emerald expanses of the Amazon -- the trails of a modern-day gold rush.
"It was the wing cameras -- those simple HD wing cameras -- that grabbed everybody's attention," Asner, a professor at the California-based Carnegie Institution for Science, told the Huffington Post.They revealed vast tracts of dead zones slicing ever-widening swathes through the once-emerald expanses of the Amazon -- the trails of a modern-day gold rush."A lot of poor folks from up in the Andes have migrated...
The Madness of Leadership ... J. D. Longstreet
The Madness of LeadershipA Commentary by J. D. Longstreet**************"The day may dawn when fair play, love for one's fellow men, respect for justice and freedom, will enable tormented generations to march forth triumphant from the hideous epoch in which we have to dwell. Meanwhile, never flinch, never weary, never despair." ~ Winston ChurchillDid you know that Churchill was a depressive? Oh, yes. ...
Kerosene-Type Jet Fuel
Click to enlarge.Economics is not rocket science. It just looks like it sometimes.Jet FuelOil prices increased about fivefold from 2003 to 2008, raising fears that world petroleum production is becoming unable to keep up with demand. The fact that there are few alternatives to petroleum for aviation fuel adds urgency to the search for alternatives. Twenty-five airlines were bankrupted or stopped operations in the first...
Consumer Price Index Since 2008
The following chart shows what the consumer price index has done since hitting the bottom in December of 2008. I have added a 2nd order polynomial trend line in red (excluding the temporary deflationary deviation from February 2010 to April 2011).Click to enlarge.It's an awesome display of gravity if ever I've seen one.September 26, 2013Where Is the Panic Over Deflation?But it's striking that the Fed's preferred price...
A Government Shutdown? No Big Deal...
The Building Where Little But Political Posturing Gets Done - 2013Tiring of the predictable sophistry and political hyperbole Rational Nation USA offers the following NPR piece as a informational data point for the last minute political junkies who continue to believe the sky will fall in should the feral government shutdown at midnight. It has happened before (more than once) and yet we all survived and the markets...
Christianity Becoming Extict In Its Birthplace.
By Findalis of Monkey in the MiddleHat Tip to Creeping ShariaMIDDLE EAST historian Tom Holland told a briefing in London last night that the world is watching the effective extinction of Christianity from its birthplace.In an apocalyptic appraisal of the worsening political situation in the region, a panel of experts provided a mass of evidence and statistics for the end of the region’s nation states under the onslaught...
blue and white monday at the pink pagoda
Happy Monday y'all! I'm still recovering from an A+ weekend but I've got one more party in me. That's why I'm over at The Pink Pagoda joining in on the Blue and White Monday party.Come over and join in on the fu...
A lovely morning in NY..
VIEW MORE...Just two more outfits from my NYFW trip and I will come back to my regular posts... So here it is a casual look that I wore in a lovely morning for a breakfast out with Bogdan in our all-time favorite place in NY: Le Pain Quotidien..I hope I won't drive you crazy these months with my "burgundy obsession"but I can't help myself :) ...
A New Political Party Aborning? ... J. D. Longstreet
A New Political Party Aborning?A Commentary by J. D. Longstreet********************** I may be a bit premature with this, well, I don't like calling it a prediction, because it isn't. So, let's just refer to it as a, uh, "future-probing observation." So, here's what I THINKI see as I probe the future: First, though, we need to consider what is happening within the GOP as I write. There...
Federal Deficit as Percent of GDP
Click to enlarge.The future's too bright.Merriam Webster: Pretensionan allegation of doubtful valueThis post inspired by robj's comment at Calculated Risk.Source Data:St. Louis Fed: Federal Surplus or Deficit [-] as Percent of Gross Domestic Produ...
A Retail Sales Accident Waiting to Happen (Musical Tribute)
Click to enlarge.Monthly retail and food services sales per capita is shown in blue.Annual median household income is shown in red.Please factor in that neither series is adjusted for inflation. You are therefore looking at the raw data in all its grandeur.We must be incredibly optimistic as a society. I say this because the following is what Google offers me as search results.1. 8,870,000 search results for "Pent-Up...
Quote of the Day
September 29, 2013Golden era of farm prosperity in Iowa, nation at an endFarmers may still be the richest people many of us know, but their seeming license to print money during a seven-year run of record grain prices and near exponential growth in land values has been revoked by falling markets for corn and soybean...
The Affordable Housing High-Wire Act
The following chart shows the median price of new homes sold divided by the median household income.Click to enlarge.HUD: Affordable HousingWho Needs Affordable Housing?More people than you might realize.May 2013REALTOR: Not a High-Wire ActThe economic benefits of a strong housing market are clear. Housing has contributed 17 to 19 percent to the national gross domestic product on average over the past four decades;...
A Reason for Optimism: Washington, D.C.
The following chart shows the median household income of Washington, D.C. divided by the median household income of the United States.Click to enlarge.Exponential growth! It's only a matter of time before our "investment" pays off! Genius!The Next Biggest Boom Towns In The U.S.No. 6: Washington, D.C.The D.C. metro area's great competitive advantage lies in proximity to the federal government. Washington has continuing...
As the Melodrama and Intransigence of the Political Party Impase Continues as Well as Repeats Itself, AGAIN...
by: Les CarpenterRational Nation USALiberty -vs- TyrannyGive me your tired, your poor,Your huddled masses yearning to breathe free,The wretched refuse of your teeming shore.Send these, the homeless, tempest-tost, to me,I lift my lamp beside the golden door!It's here America!The anticipated government shutdown.With 31+ hours to shutdown the melodrama continues.And, America braces itself to deal with the result of the...
U.S. Zombie Like Drug Causes Flesh Rotting And Brain Damage To Users
The Zombie drug from Russia is also known as Krokodil or desomorphine.By H. Nelson GoodsonSeptember 29, 2013Phoenix, Arizona - Last week, two cases of a Zombie like drug known as Krokodil were reported to the Banner Poison Control Center in the state of Arizona. Other similar cases having been detected in the U.S. Krokodil drug symptoms are similar to heroin, but costs multiple times cheaper making it an affordable...
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