Wednesday, January 6, 2016
Perhaps intelligence is not going to turn out to be a successful evolutionary adaptation.
White Guys With Guns: That's our land those nuts want to take. It is sedition . This was planned well in advance. Where was NSA, where was Homeland Security, the FBI; someone in our gigantic police state should have known what these people were planning. Big fail. Now the thing to do is simply walk away, let them have the damned building and a few hundred acres and just ignore them. And ask the media to go home, too.
Safety First: Volkswagen, having admitted to deceiving its customers and various governments hasn't got much defense against the lawsuit being brought by the Justice Department, which could cost them as little as $18 billion or as much as $90 billion. But if Congress has its way, VW ill not have to face any class actions lawsuits over its commercial fraud. There's a bill, the Fairness in Class Action Litigation Act [but really known for what it is, The VW Bailout Bill] which will stop nearly all attempts at class action lawsuits in the future. It requires that every member of a class have the same type and scope of injury with identical products and in identical conditions. Few individual customers will have the resources to sue VW, which is the point.
Another Candyman: GOP wannabe Ben Carson's tax plan would repeal the entire US income tax code and level a flat 14.9% income tax on everyone except the working poor. But only on wages. It would not tax capital gains, dividend income or interest income – which to republicans is not actually income, but their due rewards for being rich enough to hold stocks and bonds and real estate to make these windfalls possible. As an added attraction for the super rich, their estates would no longer be taxed when they pass it on to the kids.
Big Wheel Keep On Turning: Big miners have been borrowing big money to build big mines and even with falling prices caused jointly by the global economic slowdown and the big production from these big mines, they have to keep adding to the global oversupply because they need the cash flow to pay the interest on the big money they borrowed to build the big mines. They're losing money but they can't afford to shut down, so more is less. Big trouble.
Noted: “By many, many historically predictive valuation measures, stocks are overvalued to the tune of 75%-100%. … A stock-market crash of ~50% from the peak would not be a surprise. It would also not be the “worst-case scenario,” by any means”.
Blue Ribbon: Last year Costa Rica's entire supply of electricity came from renewable sources.
Win Some, Lose Some: While The Caliphate has lost abut 40% of the territory it once held in Iraq and about 20% of the part of Syria it had occupied, The Taliban is now in control of more territory than at any time since the US invaded fourteen years ago.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:16 AM