Friday, June 10, 2011
Nobody Asked Me, But...
Thursday, June 09, 2011
BREAKING: Newt-ered!
She's A Little Hard To Ignore
As Governor I fought the Obama Administration’s plans to cut funds for missile defense in Alaska.
I Know There's A Bunch Of You Reading My Blog
Down A Quart
Crude oil increased for a third day after OPEC’s failure yesterday to reach an agreement on production targets for the first time in at least 20 years.
Futures gained as much as 1.1 percent after what Saudi Oil Minister Ali al-Naimi said “was one of the worst meetings we’ve ever had.” Ministers from the 12-nation Organization of Petroleum Exporting Countries were unable to come to an accord in five hours of talks. Reports showed U.S. initial jobless claims rose last week and the trade deficit narrowed in April.
The line-up on either side of increasing production quotas seems fairly straightforward: countries that like the west want to release more oil, countries that have issues with the west, and America in particular, do not.
Of course, we have all that oil in Iraq that's pumping massively, so....
Could Have Been Good News, But...
A Minor Victory
The Psychology of Debt
Exit polls in 2010 found that voters said reducing deficits was a higher priority than spending money to create jobs — a clear rejection of Keynesian theories, which hold that in hard times, government should increase spending and decrease taxes. The concern was not only among Republicans: 32% of voters who favored deficit reduction voted for Democrats last fall.
Expect A Right Wing Boycott of Nickelodeon in Three....Two....One....
Never Thought I'd See The Day
The incident occurred when a Chinese fishing ship 'rammed' into the exploration cables of Viking 2, a vessel operated by Petro Vietnam (PVN), Vietnamese Foreign Ministry Affairs Nguyen Phuong Nga said at a regular press meeting.
The Chinese vessel deployed a 'cable cutting device' which got stuck in a net attached to the Vietnamese boat. Two other Chinese marine surveillance vessels arrived as back up.
The incident took place some 160 nautical miles off the south coast of Vietnam, 'well inside' Vietnam's 200-nautical-mile exclusive economic zone, Nga said.
"Gulf of Tonkin," anyone?
*Snork*
Teddy Roosevelt, for instance, was a big fan of photographing his penis, and would pose for hours at a time. In Paris, in the twenties, it was all the rage. Hemingway’s little-known short story “Look at This Photo of My Penis” attests to it. Stalin often adorned his dacha with framed eight-by-tens, coyly saying to visitors, “Boy-oh-boy, is that a lovely penis, or what?” (The wrong answer proved costly).
Go back further, of course, and you’ll find the drawings. Jefferson was a madman for it, often sending John Adams dozens of sketches of his penis in a single day. Adams is said to have enjoyed them with his wife, Abigail, who was herself a fan of penis portraiture. Even further back, we find that Michelangelo, Raphael, and Titian all made frequent charcoal sketches of their penises, giving them as gifts (a common practice in Florence to this day). And then there are the famous cave drawings at Lascaux, France, purported to be more than seventeen thousand years old, where one sees dozens of penis portraits, crudely drawn, but a statement in their own right: a plea, as if to say, one cave man to another, “My name is Dave. This is my penis. Let us be friends.”
If I Was A Paranoid...
A major American newspaper is reporting that the U.S. government has intensified its covert war in Yemen in recent weeks, deploying armed drones and fighter jets to attack militant suspects seeking to undermine the shaky Sana'a government.
Citing U.S. officials, The New York Times said that after nearly a year-long pause in American airstrikes, the U.S. has accelerated its campaign in an attempt to keep militants linked to al-Qaida from consolidating power. The attacks are being led by the U.S. Defense Department's Joint Special Operations Command in close coordination with the CIA.
The report said that last Friday American jets killed a mid-level al-Qaida operative, Abu Ali al-Harithi, and several other militant suspects in a strike in southern Yemen. Weeks before, drones fired missiles aimed at Anwar al-Awlaki, the radical American-born Islamic cleric that the U.S. has been trying to kill for more than a year. But he survived the attack.
Wednesday, June 08, 2011
Why I Don't Hate On Weiner
Light Days
Monday, June 06, 2011
Mr. Speaker, Where Are The Jobs?
Why Does John Boener Hate America?
What's The Spread?
Hobson's Choice
The U.S. Army Corps of Engineers is flooding Pierre, Fort Pierre, Dakota Dunes and other spots along the Missouri River in South Dakota because the corps is doing the job Congress has required.Those responsibilities, set in federal laws, include flood control storage; supporting navigation; hydro-electricity generation; water supply for communities and industry; irrigation; recreation; and protection of threatened and endangered species.
The corps is being widely faulted these days for its handling of the Missouri River last fall and winter and this spring. The common accusation is the corps should have been releasing more water from the Missouri River reservoirs in the months past.
Sounds good, but here are the facts.
Records show the corps released much more water last fall than in almost any other year since the dam system was strung together in the 1950s and ’60s.
"Dick" Shelby
In April 2010, President Obama nominated me to be one of the seven governors of the Fed. He renominated me in September, and again in January, after Senate Republicans blocked a floor vote on my confirmation. When the Senate Banking Committee took up my nomination in July and again in November, three Republican senators voted for me each time. But the third time around, the Republicans on the committee voted in lockstep against my appointment, making it extremely unlikely that the opposition to a full Senate vote can be overcome. It is time for me to withdraw, as I plan to inform the White House.
The leading opponent to my appointment, Richard C. Shelby of Alabama, the ranking Republican on the committee, has questioned the relevance of my expertise. “Does Dr. Diamond have any experience in conducting monetary policy? No,” he said in March. “His academic work has been on pensions and labor market theory.”
But understanding the labor market — and the process by which workers and jobs come together and separate — is critical to devising an effective monetary policy. The financial crisis has led to continuing high unemployment. The Fed has to properly assess the nature of that unemployment to be able to lower it as much as possible while avoiding inflation. If much of the unemployment is related to the business cycle — caused by a lack of adequate demand — the Fed can act to reduce it without touching off inflation. If instead the unemployment is primarily structural — caused by mismatches between the skills that companies need and the skills that workers have — aggressive Fed action to reduce it could be misguided.
So I'm thinking, "Hmmmmmmmm, here's a guy who would bring a fresh perspective to the Federal Reserve Board. Someone who wasn't a bankster. Someone who had a grip on what it's like to actually be a tax-paying worker bee in the Great Transfer Of Wealth that is the American capitalist system.
But Dick thinks differently, you see. Dick believes that someone who can actually bring to the Board a fresh perspective might somehow damage his dry cleaning empire (not a joke). Or that somehow stopping a Fed nomination would force the White House to pony up for a couple of pork barrel projects for his district, like an unneeded refueling aircraft or an FBI counterterrorism center located in that bustling hive of terror targets, Alabama (except maybe Huntsville, which is military anyway, and not in need of much protection).
No, Dick believes in the antiBenthamian credo of the needs of the few override the needs of everyone. I'm not suggesting that Dr. Diamond is the nation's economic salvation, no, but he certainly could help the Fed break out of the morass of bureacratic concrete thinking that it's currently invested in, and let a little fresh air into the Board room.
Dick would rather game theory our lives.
Andrew Malcom: Moron
[Revere] who warned the British that they weren't gonna be takin' away our arms, uh, by ringin' those bells and, um, makin' sure as he's ridin' his horse through town to send those warning shots and bells that we're gonna be secure and we were gonna be free. And we we're gonna be armed.