Wednesday, January 22, 2014

SAR #14022

Governments invest in the past, pretending it to be the future. Demetrius.

Comming And Going: Goldman, having spent the last couple of years making money selling you as much stock as possible suddenly noticed that the S&P500 “ is now overvalued by almost any measure." Then they list ten measures from P/E ratio to operating EPS per share that suggest it is time to let Goldman make another set of fees selling those same stocks for you. 
Pencil It In: The IMF now says the global economy will grow by 3.7% in 2014, up from a 3.6% guesstimate in October. Never mind last year's (2.7%) global growth was just half of the IMF guesstimate. 
Half A Loaf, Or Less: The Chicago diocese has released information on about half of the pedophilic priests they've acknowledged, but the files released only dealt with pre-1996 abuse and only identified either suspended or defrocked clerics. None related to abuse by current clergy, giving the undoubtedly false impression that the abuse had stopped and the church was no longer hiding the criminals. 
Explained: Here's how and why a warmer world is likely to have intense snow storms.

Mirabile dictu! Louisiana courts have found that the funding of the state's voucher program with public school funds is unconstitutional. Courts also have found Gov. Jindal's war on public school teachers was unconstitutional. And the Fourth Circuit Court ruled that the 7,000 teachers fired amid the devastation of Huricane Katrina were wrongfully terminated and due back wages. 
Advice: Mother worries you won't marry a rich guy, economists worry that getting married won't make you rich. Love? What's love got to do with it?

Trendsetting: Last year was California's driest on record and this year conditions are worse. The Sierra Nevada snowpack - which turns into irrigation and drinking water in the summer- is now at about 10 to 30% of its normal depth. The rainy season is nearly over, what little there was of it, and NOAA experts agree more of the same is the most likely forecast.

Asked & Answered: What's the Best Way to Help the Poor? Jobs. What's the best way to create jobs? Build and repair our infrastructure through government spending. Won't that add to the deficit? Yes, and that may be a problem someday, but it'll subtract from the poverty today. "And an increase in the minimum wage is better than doing nothing at all.”

Clarifying the Obvious: “American capitalism as currently constituted is undermining the foundations of middle-class society.” Seems obvious. A class war is going on between the takers and the rest of us, the 99%. America’s affluent are affluent not because they made the right lifestyle choices. got good educations, and so on. They are affluent because we let them steal from the rest of us. End of story, move along.
Positively Negative: Nothing—no resource or combination of resources available to humanity today (or in the reasonably foreseeable future) can support industrial civilization once we finish using up the fossil fuels that made industrial civilization briefly possible. 
Just Say No: The Surgeon General says that stop-smoking products are about as useful as vitamin supplements and you'd do better getting off nicotine by going cold turkey.

Clueless: A Pennsylvania Republican honored MLK by proposing a bill that would legalize discrimination. A Michigan Republican wants to “herd all the Indians” into Detroit and fence them in. A Florida Republican says “It's time to arrest [Obama] and hang him high.” Kentucky Republicans want to redefine abortion as domestic violence And best of all Missouri Republicans have drafted a bill that would allow parents to pull their children from science classes that are teaching the theory of evolution. SC Republican state senator Lee Bright (irony, f'sure) is trying to gain Lindsey Graham's seat in order to prevent armed IRS-trained agents from using assault weapons to force you to use Obamacare. It's not so much these people say such things, it's that they believe them.

The Parting Shot:

Orange cup coral, Tubastaea coccinea


Anonymous said...

"Just Say No: The Surgeon General says that stop-smoking products are about as useful as vitamin supplements and you'd do better getting off nicotine by going cold turkey."

No mention of vitamin supplements in that article. A quick internet search does not turn up any link showing Surgeon General says vitamin supplements are useless. At this link he says: "Your body needs vitamin D to absorb calcium. Make sure you get enough vitamin D from your diet, sunshine, or supplements."

Sounds like the Surgeon General says that at least Vitamin D supplements are useful. And that is only one medical condition being considered.

Charles Kingsley Michaelson, III said...

I was referring to the research commented on in SAR 13352 - "Supplement This: After reviewing the available evidence – over 25 studies with over 350,000 subjects – researchers have (once again) concluded that vitamin supplements are unneeded, ineffective and a waste of money. Research also shows that knowing this will not change your behavior."

I did not mean to suggest that the Surgeon General had commented on supplements, but was noting the similarity between our hope that magic pills can make us healthier and that magic pills can make us stop smoking.

Good health requires a bit of self-discipline, not another bottle of pills.


HS said...

Asked & Answered: "Won't that add to the deficit? Yes, and that may be a problem someday, but it'll subtract from the poverty today."

Having the Fed print $80 billion a month and hand it to the already disgustingly wealthy also adds to the deficit.

Anonymous said...

Aren't you the good communist. the affluent are affluent because they steal? So the entrepreneur who comes up with the next great idea and markets it successfully is stealing? how pathetic.

Charles Kingsley Michaelson, III said...

first Reader cautioned that my wording was a bit harsh, but I do not think so. 'Steal" was not meant in a legalistic way, rather in a moral manner. If you can name - identify - even one of the 0.1% who obtained their wealth in ways that reflect the honest sweat of their brow or contribution of their mind absent any infringement on the just rights of others, I'll reconsider.
Even one of the 1% who hasn't taken advantage of laws, regulations and customs that permit one person to gain legally (or at least quasi-legally) such great sums in a morally corrupt manner will do.
I'm pretty much a 10%'er and I know that I've not always been morally clear as to why me and not someone else...