Wednesday, October 22, 2014

SAR #14294

Six of One: A new study suggests that consuming lots of sugar – say by drinking lots of soda – damages your telomeres - yeah, the thingies on the ends of your chromosomes – which in turn seems to increase aging. Implies that the drinking lots of soda may not be a Good Idea. The American Tobacco Beverage Association declined an interview about the study, but insists the researchers did not find a “conclusive” link between soda and cell aging. And a couple of weeks ago it was diet soda (aspartame) that would give you Alzheimer's. Water, anyone?

Crouch Potatoes: Texas says there is no need for the EPA to regulate smog because people spend “90% of their time indoors'. Not to worry, Congressional Republicans have been paid to oppose any new EPA regulations that might improve people's health. 
Our Gang: “It just seems to me that a billionaire can come in and get whatever he wants and run roughshod over average millionaires like myself.”

Bully Pulpit: Paul Krugman suddenly discovered that Amazon has “robber-barron-type market power' over its suppliers, and finds this reprehensible and unAmerican. Duh. The whole point of capitalism is to corner the market and then use your market power to increase your profits. Just ask the Waltons. Does it hurt America? You bet. Do Americans object? Yes, but only in theory – not at the register. Did Amazon grow and prosper because of tax breaks and unfair competition? Yes, but they passed some of the savings on to their customers, so who cares? If you like capitalism, you gotta love monopolies. Why has it taken Krugman so long to catch on to the capitalists' end game? Were they discounting his books?

Classification: Did you know that one out of three Americans is listed in the FBI master criminal database? Note that this is the master list of criminals and not the list of master criminals. Are you on the list? Are you sure?

Seeds Of Doubt: The most distrusted sources for news in the US of A are: Rush Limbaugh, FOX News, Glenn Beck, MSNBC.... way down the list, after the NYTimes, come Al Jazera – after NBC, CBS, ABC, CNN. Seems pretty accurate to me. 
Hard Time: A Kentucky prison guard charged with 25 counts of sexually abusing female prisoners, selling controlled substances to inmates and 50 other counts of official misconduct has been sentenced to probation. “He’s really eager to put this behind him.

Correction: Jesus was wrong, the rich can get into heaven. In fact they go to the head of the line. We're sorry for any confusion our previjous reporting may have caused.

So-so Mobility: In today's them-vs-us society, a college degree only increases your chance of genteel poverty.

Porn O'Graph: An Apple a day.

Tuesday, October 21, 2014

SAR #14293

Food has to be paid for.

Business As Unusual: It's become obvious that asset prices cannot remain at their QE inspired levels without the continuing creation. Of free money. The tantrums may elicit a few more promises from central bankers, but they have a certain hollow ring to them. The desperate will cling to their belief that daddy won't take the keys away, but he will, and there will be hell to pay. If disinflation/deflation and the slowing of economies globally scare you, good - you've been paying attention. Welcome to “the new mediocre.” And don't get too excited about cheap gasoline – that's not going to last long either, because too much supply – shale oil, oil sands mining, deep offshore, Arctic - is being priced out, too many producers need higher prices, Putin will grow restive as his subjects do, and it is always possible, remotely, that cheap oil may revive the global economy for a bit. For now about $80 is the floor price, but it will climb to $100 or more in a few months. Then the economy will stall again. Ebola isn't the only long term crisis we're facing. And then there's global warming...

Moral Turpitude: Residents of Watervliet, NY have to give their Facebook passwords to the cops if they want to get a pistol permit. Talk about needing self-defense.

Mirror Image: Taking a hint from Republican redistricting in the US, Hong Kong's leader says that letting his successor be elected by popular vote would run the risk of letting the poor dominate the process. In the same vein, there is a suspicion that China may be hacking every iPhone user in the country just like the NSA does here.

Quoted: “The economic outlook keeps getting better and better.” John Williams, president of the San Francisco Fed and noted wearer of rose colored glasses.

Progress Report: If NBC wants to broadcast the 2022 Olympics, they'll have to build the facilities – no city or country seems eager to waste the hundreds of millions of dollars it takes to suffer the honor of being hoist host.

Scale: Over the weekend the 27th anniversary of 1987 stock market crash went uncelebrated. To equal that particular day the Dow would now have to drop about 3700 points. In one day.

Good Ole Boy: Mike Hubbard, speaker of the Alabama House of Representatives and a leader in the state Republican Party, has been arrested and charged with using his office for personal gain, soliciting bribes, and about 20 other things.

Now It Can Be Told: Sex originated in Scotland, and like Scotch, it seemed to take a bit of effort to get used to it.