Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘economics’

Repugnicunts Want to RUIN the U.S. Economy

Posted by Warm Southern Breeze on Thursday, February 2, 2023

repugnant — incompatible, inconsistent, hostile, distasteful, contradictory, abhorrent, obnoxious, odious; originates directly from the Latin term repugnantem (nominative case repugnans), present participle of repugnare, meaning “to resist, fight back, oppose; disagree, be incompatible.”

repugnant (adj.)

early 15c., repugnaunt, “hostile, opposed; contrary, inconsistent, contradictory,” from Old French repugnant “contradictory, opposing” or directly from Latin repugnantem (nominative repugnans), present participle of repugnare “to resist, fight back, oppose; disagree, be incompatible,” from re- “back, against, in opposition” (see re-) + pugnare “to fight” (from PIE root *peuk- “to prick”).

The meaning “distasteful, objectionable” is from 1777; that of “offensive, loathsome, exciting aversion” is by 1879.

cunt (n.)

“female intercrural foramen,” or, as some 18c. writers refer to it, “the monosyllable,” Middle English cunte “female genitalia,” by early 14c. (in Hendyng’s “Proverbs” — ʒeve þi cunte to cunni[n]g, And crave affetir wedding), akin to Old Norse kunta, Old Frisian, Middle Dutch, and Middle Low German kunte, from Proto-Germanic *kunton, which is of uncertain origin. Some suggest a link with Latin cuneus “wedge” (which is of unknown origin), others to PIE root *geu- “hollow place,” still others to PIE root *gwen- “woman.”

The form is similar to Latin cunnus “female pudenda” (also, vulgarly, “a woman”), which is likewise of disputed origin, perhaps literally “gash, slit” (from PIE *sker- “to cut”) or “sheath” (Watkins, from PIE *(s)keu- “to conceal, hide”). De Vaan rejects this, however, and traces it to “a root *kut-meaning ‘bag’, ‘scrotum’, and metaphorically also ‘female pudenda,’ ” source also of Greek kysthos “vagina; buttocks; pouch, small bag” (but Beekes suspects this is a Pre-Greek word), Lithuanian kutys “(money) bag,” Old High German hodo “testicles.”

Hec vulva: a cunt. Hic cunnus: idem est. [from Londesborough Illustrated Nominale, c. 1500, in “Anglo-Saxon and Old English Vocabularies,” eds. Wright and Wülcker, vol. 1, 1884]

First known reference in English apparently is in a compound, Oxford street name Gropecuntlane cited from c. 1230 (and attested through late 14c.) in “Place-Names of Oxfordshire” (Gelling & Stenton, 1953), presumably a haunt of prostitutes. Used in medical writing c. 1400, but avoided in public speech since 15c.; considered obscene since 17c.

in Middle English also conte, counte, and sometimes queinte, queynte (for this, see Q). Chaucer used quaint and queynte in “Canterbury Tales” (late 14c.), and Andrew Marvell might be punning on quaint in “To His Coy Mistress” (1650).

“What eyleth yow to grucche thus and grone? Is it for ye wolde haue my queynte allone?” [Wife of Bath’s Tale]

Under “MONOSYLLABLE” Farmer lists 552 synonyms from English slang and literature before launching into another 5 pages of them in French, German, Italian, Spanish, and Portuguese. [A sampling: Botany Bay, chum, coffee-shop, cookie, End of the Sentimental Journey, fancy bit, Fumbler’s Hall, funniment, goatmilker, heaven, hell, Itching Jenny, jelly-bag, Low Countries, nature’s tufted treasure, penwiper, prick-skinner, seminary, tickle-toby, undeniable, wonderful lamp, and aphrodisaical tennis court, and, in a separate listing, Naggie.] Dutch cognate de kont means “a bottom, an arse,” but Dutch also has attractive poetic slang ways of expressing this part, such as liefdesgrot, literally “cave of love,” and vleesroos “rose of flesh.”

Alternative form cunny is attested from c. 1720 but is certainly much earlier and forced a change in the pronunciation of coney (q.v.), but it was good for a pun while coney was still the common word for “rabbit”: “A pox upon your Christian cockatrices! They cry, like poulterers’ wives, ‘No money, no coney.’ ” [Philip Massinger: “The Virgin-Martyr,” Act I, Scene 1, 1622]

See also: https://qz.com/1045607/the-most-offensive-curse-word-in-english-has-powerful-feminist-origins


And, given the opportunity, Repugnicunts would ruin the U.S. economy.

Even now, in the opening days of the 118th Congress, there’s talk among Repugnicunts of eliminating the Federal Income Tax, along with all other forms of Federal tax, and replace it with a 30% Value Added Tax.

If you think inflation is a bugbear now, just add 30% to it, and see what it’s like. Repugnicunts are such morons.

The reason why, is because that’s what they want to do:

TEAR IT ALL DOWN.

Not repair, not rebuild, not reinforce, not improve efficiency… but TEAR IT DOWN — and hope for the best, then sell off to the highest corporate bidder the skeletal remains.

For example, NOT A SINGLE REPUGNICUNT in the House or Senate voted for Pandemic Economic Relief.

Had the American people not had that money, our economy would have melted down, and suffered a depression even worse than the Great Depression.

But, it didn’t.

In fact, it didn’t even have a recession.

Not even.

So, when the Repugnicunts cry and whine about national debt, not only are they TOTALLY missing the boat, they’re missing the BIG PICTURE.

And here’s the odd thing about it:

They want to cut spending, but don’t want to pay for it — they do NOT want PayGo, or pay-as-you-go. And if they had their way, they’d let America default on its “loans.”

But, there’s an even BIGGER picture that few, if any, ever talk about, and certainly, most probably don’t even understand it. This entry will try to correct that.


“…the U.S. government’s ability to borrow.”

U.S. To Max Out On Debt Soon, Setting Up Political Fight

WASHINGTON (AP) — The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month, starting the clock on Read the rest of this entry »

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Energy Information Administration data shows HOW BIG OIL is ABUSING CONSUMERS.

Posted by Warm Southern Breeze on Tuesday, June 28, 2022

The
EXCLUSIVE REASON
WHY GAS PRICES ARE HIGH
is because
OIL COMPANIES HAVE CLOSED REFINERIES
&
REDUCED REFINERY INPUTS.

The U.S. Energy Information Administration’s website (https://www.eia.gov/) has a page dedicated to “Refinery Utilization and Capacity” (https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_a.htm) which shows that, NOT ONLY have BIG OIL companies CLOSED REFINERIES, they have also DECREASED OIL PRODUCTION (Gross Inputs to Refineries) — BOTH which have contributed EXCLUSIVELY to hyper-inflated gas prices, and bank-busting profits for BIG OIL & their stockholders.

In other words, they’ve also “capped oil wells.”

One way to INCREASE PROFITS is to PRICE GOUGE, another is to MANIPULATE THE MARKET.

BIG OIL companies are doing BOTH.

Refineries — which are owned by oil companies — have been CLOSED BY THE OIL COMPANIES, despite making bank-busting RECORD PROFITS. Read the rest of this entry »

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Why is America Subsidizing Communism?

Posted by Warm Southern Breeze on Wednesday, January 5, 2022

You know, the irony of the Opioid Epidemic is that folks are seeking relief from pain… pain which is psycho-social, emotional, not related to disease, injury, or surgery. But pain, nonetheless.

And what might the cause of that pain be?

Joblessness, homelessness, hopelessness.

Why don’t they have a job?

Ask Congress.

They were the ones who sent their jobs overseas in the misguided notion that it’d help our nation’s economy.

Yeah.

Right.

And there’s a Santa Claus, too — and an Easter Bunny, and a Tooth Fairy.

The Sackler family and other pharmaceutical makers were only capitalizing upon human tragedy by peddling pain relief.

And oddly, that’s what was needed… in addition to a job.

But you can’t sue Congress.

However… you CAN vote the bastards out of office — and should.

Every goddamn one of ’em.

ALL Republicans, ALL Democrats, ALL Independents.

ALL OF THEM.

And then, establish Term Limits for Congress; 20 years combined elected Federal service ought to be enough for anyone. That’d be 10, 2-year terms in the House, or 3, 6-year terms in the Senate (18) plus 1, 2-year term in the House, or any combination thereof. Remember when Newt Gingrich promised that with his “Contract on America”? Promises, promises. He also cheated on his wife, and asked her to sign divorce papers while she was on her near-death bed following cancer surgery. She survived. He remarried. Divorced his 2nd wife. He’s now on the 3rd one. Funny thing, too… Gingrich led the cavalry against then-POTUS CLINTON when he was accused of getting a blow job from Monica Lewinsky in the oral… er, Oval Office.

Yeah. What a guy, eh?

Put that in your pipe and smoke it.

It was on September 4, 2009 when Read the rest of this entry »

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Let’s Talk About AVOCADOS! (Confronting lies, ignorance, and fear in modern journalism.)

Posted by Warm Southern Breeze on Friday, November 12, 2021

Yesterday, I happened upon a story (a poorly written, and unconvincing one, at that — and there are several) about a complaint that someone, or some group, was making to so-called “chefs,” who in response were removing the avocado from their menus, ostensibly because of some alleged character flaw characterized as “un-sustainability.”

Avocados are a nutrient dense, heart-healthy food, production of which is SUSTAINABLE, and lucrative, for this, and other nation’s economies… contrary to what the goddamn ignoramuses tell you. There are PLENTY of academically, statistically, economically, and scientifically validated facts about avocados in this entry, ALL from HIGHLY REPUTABLE sources which almost every one DIRECTLY CONTRADICT the goddamn lies and BULLSHIT that so-called “journalists” write, and hope to get you to believe.

What a crock!

“Sustainability” my ass!

You wanna’ know what’s “unsustainable”?

Life without water. Life without food.

Besides… the fucking avocados are Hecho en Mexico.

Yeah, you stupid motherfuckers… Mexico produces the lion’s share of the world’s avocados, followed by Dominican Republic, Peru, Colombia, Indonesia, Kenya, Brazil, Haiti, Chile, and Israel.

NOT ‘Murka.

A business intelligence report on the global avocado market wrote this, in part, about the fruit:

“Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. It also contains phytochemicals, like beta-sitosterol and antioxidants, like lycopene and beta-carotene. The essential nutrients are increasing the demand for the fruit, globally, and therefore acts as a major driving force behind the growth of the avocado market. The demand for avocados is increasing globally due to their health benefits as it increases vision, prevents heart-related diseases, and helps in improving digestion. The increased demand across the globe has resulted in increased production. According to FAOSTAT, avocado production was 5.7 million metric ton in 2016, which has increased by 12.7% and reached 7.1 million metric ton in 2019.”

FAOSTAT is the Statistics Division, Food and Agriculture Organization of the United Nations.

So… that’s not enough facts, figures, and statistics about avocados?

You’re about to get more than you can shake a stick at. So, sit tight, and hold onto your hat. We’re about to go on a whirlwind ride!

Here are more facts, figures, and statistics about avocados, from NASS, 2020 (National Agricultural Statistics Service — i.e., your tax dollars at work):

In 2020 the United States produced 206,610 tons of avocados. That same year, economic value of U.S. avocado production was $426 million. California’s 2020 avocado production value was $411,720,000, with 47,300 acres in production, which yielded 3.98 TONS / ACRE.

For comparison, the U.S. Gross Domestic Product in Q3 2021 was $23.173496 TRILLION. California’s avocado production DOES NOT even make it into the state’s Top 10 most valuable agriculture products, which are:

  • Dairy Products, Milk — $7.47 billion
  • Almonds — $5.62 billion
  • Grapes — 4.48 billion
  • Pistachios — $2.87 billion
  • Cattle and Calves — $2.74 billion
  • Lettuce — $2.28 billion
  • Strawberries — $1.99 billion
  • Tomatoes — $1.20 billion
  • Floriculture — $967 million
  • Walnuts — $958 million

In California, avocados are the 16th most valuable crop. Tomatoes, strawberries, hay, oranges, rice, tangerines, almonds, pistachios, broccoli, and lettuce all outpace the state’s avocado production value.

The U.S. Bureau of Economic Analysis found that in Q2 2021, the value of California’s Gross Domestic Product was $3,290,170 million ($3.29 TRILLION), and accounted for 14.5% of U.S. GDP.

In the U.S., a total of 52,720 acres were in stable avocado production. Certain varieties, such as the Hass, have a tendency to bear well only in alternate years. That’s a 50% reduction biennially. How would you like it if your income fluctuated like that?

In the past decade, U.S. avocado consumption the U.S. has doubled, and is now about Read the rest of this entry »

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What Is Inflation?

Posted by Warm Southern Breeze on Tuesday, April 20, 2021

An inflation is defined as when prices in general go up. Not every price, and not each price the same amount, but a general rise in prices is all that the word “inflation” means. Goods and services, in general, go up in price. Number one.

Number two: Simple. The people who decide on prices are employers – the people who own and operate businesses – ’cause that’s where most goods and services come from. And under a private enterprise system, the individuals who set the prices are the owners, operators, chief executives of corporations. So the first question to understand, first point, is that, if you have a general rise in prices, it’s the business community that’s doing that.

Now, the next question: Why would the business community do it?

Well, the first answer again, is simple – is because it’s profitable. It’s the easiest, quickest, and best way to make more profits – which is to take whatever it is you’re producing, and charge more for each unit of it that you sell. In other words, to raise the price. So in many cases, there’s an inflation because businesses are raising prices to make more profits.

But of course, business Read the rest of this entry »

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All The Gold In California

Posted by Warm Southern Breeze on Monday, July 6, 2020

Y’know… one thing which I appreciate about the Bloomberg site, is that they don’t seem to be exclusively limited to interests of business, per se.

That is, matters of business MUST, and do, involve people – as employees, and customers – and without either of those two groups of people, no business would exist.

For many years – I don’t know how many, but for a very L – O – N – G time – I have taken exception to, and disagreed with the statement that “the customer is the most important person in any business.”

From my perch in the catbird seat, I demurred, and stated that the EMPLOYEE is the most important person in any business, because a disgruntled employee can cost beaucoup bucks in lost sales/revenues. And many disgruntled employees will sink a company – regardless of who is at the helm. That’s because the adage is true, that the sailors run the ship, not the captain. And they allow the captain to do so (to lead them) by their consent – the consent of the governed. A mutiny is a very serious matter.

Point being, is that happy employees make happy customers, and happy customers buy things, and say good things about the company, and the employees.

It was only relatively recently that I learned that Sir Richard Branson – Founder of the Virgin Group, a privately-held multinational venture capitol conglomerate – says the same thing, that employees are the most important people in any business.

The irony of ironies is that despite the political differences in the many seemingly disparate voices today, is that Republicans, Democrats, and all others, want the same thing: A good job, a decent place to live, secure transportation, ability to feed themselves and their family, education for their children, and to be healthy enough to enjoy it all. Food, clothing, and shelter… those are not hard things to understand. Neither are they difficult to obtain. They’re not like the mythical “unobtainium.”

But we the people, despite what some may say otherwise, are not in a good place in this nation for the long-haul. What has happened, is that within our lifetimes, we the people have been sold a bill of false goods that somehow less is more, that the larger and more populous our nation becomes (we’re right at 330,000,000 – the third most populous on Earth, behind China and India, respectively each with over 1 BILLION more than us), the smaller the government will become, that somehow, mysteriously or magically, at some point, it will eventually disappear – because we’ll all be able to self-govern and therefore do not need external governance.

Nothing could be further from the truth.

And yet, that’s PRECISELY what “the Great Communicator” Ronald Reagan said in his first Inaugural Address immediately after he proclaimed that “government is the problem.”

“In this present crisis, government is not the solution to our problem; government is the problem. From time to time we’ve been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price.”

Now, my point is NOT to “bash Regan” per se, but to point out the obvious – which is that Read the rest of this entry »

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Guess What’s a Matter of National Security?

Posted by Warm Southern Breeze on Sunday, May 10, 2020

Even our spooks see it.
Why?
It’s a matter of National Security.
Period.
End of conversation.
“Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.”  
 
“But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.”
The ONLY question remaining is:

What are we Read the rest of this entry »

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Reasons To Hate Republicans

Posted by Warm Southern Breeze on Sunday, March 22, 2020

Just in the case you’ve not figured it out by now, I loathe Republicans. They have – as history has demonstrated, time,  and time, again – led America down primrose paths of destruction, while benefiting their wealthy corporate donors and clientele.

I purposely do NOT use the word “constituent” in that sentence, precisely because when someone pays a person to do their bidding – it is a Master/Servant relationship, in which someone who is paid to render services, who otherwise would not – that’s what it is, a pay-for-play quid pro quo corruption of democratic representation.

And, to be absolutely certain, I am neither a sycophant for Democrats – and there are some corrupt ones, who would better be identified as “Republican Lite,” for they do not have The People’s best interests at heart, and like Republicans, do their Corporate Masters’ bidding.

The GOP is no longer “the party of Lincoln,” and hasn’t been for well over 100 years – probably more like 150. Republicans have been the source and cause of practically every scandal and corruption which has harmed the United States, and its people.

Republicans gave us The Great Depression.

Democrats saved not only the United States, but the world as well, from the ravages of the Great Depression.

And, ever since, Republicans have been trying to TEAR DOWN, and DESTROY every vestige of public policy, law, or governmental agency which benefits The People.

For example, again, hearkening back to Read the rest of this entry »

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What is Democratic Socialism?

Posted by Warm Southern Breeze on Saturday, February 15, 2020

Bernie Sanders has continually explained and made the case why he calls himself a democratic socialist, and corrects those who decry his self-described identity as a democratic socialist. Opponents from within, and without the party have viciously maligned him for that.

Vermont Senator Bernie Sanders – I , official portrait

In essence, it’s caring for your fellow citizen just like they’re your family. And that includes being humanitarian, and caring for others, treating them with the dignity, honor, and respect inherently and rightly due every human being.

Listening to him speak of the principles he addresses, for those with a Christian, or religious knowledge, or background, it reminds me of the principles mentioned following Judeo-Christian Scripture verses. Oh, for those who consider Jews as God’s special, or chosen people… Bernie is a Jew. Could his voice be that of a prophet, of one crying in the wilderness?

“Where there is no vision, the people perish.”¹

“The laborer is worthy of their hire.”²

“Do not muzzle the ox that treads the grain.”³

“‘Administer true justice. Do not oppress the widow or the fatherless, the foreigner or the poor. Do not plot evil against each other.'”⁴

“You must not oppress, or defraud your neighbor nor rob him. The wages due a hired hand must not remain with you until morning.”⁵

“Do not oppress a hired worker who is poor and needy, whether he is a brother or a foreigner residing in one of your towns.”⁶

“Now if your countryman becomes destitute and cannot support himself among you, then you are to help him as you would a foreigner or stranger, so that he can continue to live among you.”⁷

“You must not exploit or oppress a foreign resident, for you yourselves were foreigners in the land of Egypt. You must not mistreat any widow or orphan.”⁸

“He defends the cause of the fatherless and the widow, and loves the foreigner residing among you, giving them food and clothing.”⁹

“But I will be merciful only if you stop your evil thoughts and deeds and start treating each other with justice; only if you stop exploiting foreigners, orphans, and widows; only if you stop your murdering; and only if you stop harming yourselves by worshiping idols.”¹⁰

¹Proverbs 29:18
²1 Timothy 5:18
³Deuteronomy 25:4
⁴ Zechariah 7:9,10
⁵ Leviticus 19:3
⁶ Deuteronomy 24:14
⁷ Leviticus 25:35
⁸ Exodus 22:21,22
⁹ Deuteronomy 10:18
¹⁰Jeremiah 7:5

––//––

Bernie Sanders fires back at Trump over socialism
CNN Sanders Town Hall
Feb 25, 2019
During a CNN town hall, Democratic presidential candidate Bernie Sanders explains the programs he’d like to implement if he were elected president, which have been criticized by President Trump as akin to socialism.
https://youtu.be/tJ9j_JT9Lhg

In response to a question asked by an audience member, Bernie Sanders said in part…

“We have political rights… freedom of religion – and all of that is enormously important. But you know what we don’t have? We don’t have guarantees regarding economic rights. And way back in 1944, and in a little-known, little-publicized State of The Union speech, Franklin Delano Roosevelt said something, and – I’m paraphrasing him – but he said, ‘you know, when we talk about human freedom, and rights, we’ve got to understand that everybody needs a decent-paying job, that people need healthcare, that people need education.’ Read the rest of this entry »

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Enjoying Your Trump Tax Cut? You’re Paying The Trump Tax.

Posted by Warm Southern Breeze on Sunday, December 29, 2019

In September of this year alone, Americans paid a record $7.1 billion in Trump Taxes.

That’s tariffs, for those who don’t understand.

And, just to be certain… tariffs are taxes (duties) one nation places upon certain imported goods from another nation(s) which are NOT paid by the nation from where the goods originate (exporting nation), but are paid by the ultimate consumer of the importing nation.

Trump’s little “trade wars” with China, Mexico, Canada, and goodness knows who else, have now been proven to have harmed the American Economy, and the American Employee.

Yes, it’s official – the Federal Reserve published findings of their research “Disentangling the Effects of the 2018-2019 Tariffs on a Globally Connected U.S. Manufacturing Sector” and concluded in part that:

“We find that the 2018 tariffs are associated with Read the rest of this entry »

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Re-Examining Personal Income Taxes

Posted by Warm Southern Breeze on Monday, November 18, 2019

Those who encourage tax cuts on the wealthy & corporations are misguided.

Here’s why:
They mistakenly believe that by reducing taxes upon the wealthy, it will increase their consumption – or, that in their benevolence, they’ll “create jobs” for the masses. (Which is also why they’re treated like “sacred cow job-creators.”)

Nothing could be further from the truth.

The wealthy already consume more. They consume more conspicuously, and they consume more governmental services.

No one “hates” the wealthy.

At least I don’t.

But, we ALL expect them to pull their fair share, not shirk their responsibilities, and we expect them NOT push their fair share onto others who are less capable.

I continue to analogize the matter this way:

There are THREE people who MUST move an 800-pound boulder:
1.) A Strongman body builder;
2.) An 80-year old, 80-pound Granny, and;
3.) An Average man.

Should we tell Read the rest of this entry »

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Is the Banana Boat Sunk?

Posted by Warm Southern Breeze on Saturday, August 17, 2019

You’re fixing to lose the bananas in your breakfast cereal.

And banana pudding will become only a sweet memory.

Grocery stores may no longer be selling bananas.

Why?

The global crop is dying, and will soon be dead.

Global as in worldwide.

Dead as in extinct.

Extinct as the Dodo bird.

Which, by the way, is thought to have become extinct c.1690 – a very long time ago. So naturally, there are no photographs of the Dodo bird, since the development of photography (yes, it’s a bad pun) was begun c.1826 with the image entitled “View from the Window at Le Gras,” which was made by Nicéphore Niépce, a French inventor in Saint-Loup-de-Varennes, France.

A harmful soil fungus, for which there is no known remedy, has begun to affect banana crops worldwide. Found in Taiwan in the 1990’s, the fungus, which resides naturally in the soil, is a variant of Read the rest of this entry »

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Data: Legalized Marijuana Does Not Increase Alcohol Sales

Posted by Warm Southern Breeze on Saturday, March 16, 2019

Good news for cannabis legalization advocates!

“In the three states with the longest history of legalized recreational marijuana sales – Colorado, Washington state and Oregon – there is no evidence that legalization has had any impact on spirits sales, nor is there any evidence that it has impacted total alcohol sales.”

That’s according to research conducted by the Distilled Spirits Council of the United States (DISCUS).

In other words, cannabis legalization – neither recreational (nor medical) – has had no effect, either positive or negative, upon beverage alcohol sales in states were cannabis is legal, either for recreational, or medical purposes.

David M. Ozgo, Senior Vice President and Chief Economist of the Distilled Spirits Council analyzes market trends for DISCUS, and said in part that, “The data show there has been no impact on spirits sales from recreational marijuana legalization.”

David M. Ozgo, Senior VP and Chief Economist, Distilled Spirits Council of the United States

Mr. Ozgo also produces an annual spirituous beverage industry review, and provides tax and regulatory effect analyses, including Read the rest of this entry »

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Economic Infrastructure Strained By Severe Weather And Climate Change

Posted by Warm Southern Breeze on Sunday, February 10, 2019

Updated Saturday, 31 October 2020

Increasingly, there’s a political tie-in to almost every news story published these days. And frankly, I’d much rather write about other, more benign, or even pleasant topics. But, these matters affect us all, and our very lives and livelihoods are at stake. So, because these are pressing matters, I give heed to them, as I hope you do also.

Recently, NPR News published a story while our nation was in the throes of the “Polar Vortex,” which is the name now given to a severe “cold snap” which plunged much of the Midwest and East into literally Arctic temperatures. In fact, as we we’re told by numerous meteorologists and other weather / climate scientists and researchers, the Arctic was actually warmer than many places affected, most notably including Chicago, the Twin Cities (Minneapolis–Saint Paul), Iowa, Pennsylvania, and other states up through the area, with some locales suffering from temperatures which dipped down into the -23ºF range, or lower. Many Low Temperature records were surpassed, and when combined with Wind Chill Factors, temperatures feel like at least double that (-40ºF), and more.

A Minnesotan is extremely bundled up protecting every square inch of exposed skin while awaiting public transportation outdoors during extremely dangerous cold conditions which occurred during the 2019 Polar Vortex.

By all estimates, it was one of the most severe such events in recorded history, and was also the cause of numerous deaths of people of all ages and sexes (21 at last count, not all who were homeless), due of course, to cold temperature extremes. Homeless shelters throughout the affected areas were literally accepting anyone and everyone, and numerous other organizations and agencies created emergency shelters for others to avoid the deadly conditions. Area residents were severely warned to avoid going outdoors at all costs, simply because inadequate dressing, or any exposed skin would certainly suffer frostbite, or worse.

But there was another, largely overlooked problem which was only given cursory attention. And that was the effects and strains the severe climatic conditions placed upon infrastructure, which is often called economic infrastructure.

Essentially, infrastructure describes a nation’s internal facilities that enable business activity, which are fundamental requirements for economic development, which is vital to improvements in a country’s standard of living, and consists of facilities, activities and services that assist to increase overall economic productivity at a national level.

Infrastructure has two broad component parts: 1.) Social Infrastructure, consisting of basic services such as education, training, including health, sanitation, potable water supply, housing, sewerage, etc., while; 2.) Physical Infrastructure directly supports economic production, and consists primarily of supporting the production and distribution of products and services including agriculture, industry, and trade, supports, and directly increases productivity.

An example of Physical Infrastructure would be the production of hydroelectric dams by the Tennessee Valley Authority, creation of electrical power, communication, and natural gas delivery grids, roads, waterways, airports and railways for transportation, and potable water and waste treatment plants and their related delivery mechanisms and systems.

All those components must not only be created and developed, but they must be continually maintained, and improved as necessary, to continue to provide services vital to the economy. And it is maintenance which proves frequently to be the Read the rest of this entry »

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That Big Clear Rock On Your Left Ring Finger… Is An Ostentatious, Useless Piece Of Crap.

Posted by Warm Southern Breeze on Monday, January 22, 2018

“A kiss on the hand may be quite continental, but diamonds are a girl’s best friend,” sang late starlet Marilyn Monroe in the 1953 movie “Gentlemen Prefer Blondes.”

But since when did diamonds become valuable?

And how did clear pieces of carbon, nothing more than mere coal, a dirty fossil fuel, come to symbolize – of all things – “love”?

They’re certainly not rare (though for a brief time, they were), and in fact, they are significantly more abundant than gold – though you likely wouldn’t be aware of it, per se – and because diamonds are the hardest substance known to science, it’s not uncommon to find diamond abrasives in any hardware store, or construction site. They’re even on fingernail files. But since when did you ever see a golden saw, or golden fingernail file?

But first, some  supply-and-demand “backstory” mixed with market manipulation and eventual monopoly… and then back again.

In 1870, gigantic diamond mines were discovered near Read the rest of this entry »

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For those who like their newz with a right wring tryst, there’s… yellow reporting via @YHN YellowHammer News.

Posted by Warm Southern Breeze on Saturday, July 25, 2015

For those who like their newz with a Right Wring Tryst

For those who like their newz with a Right Wring Tryst

Slant…

from a journalistic perspective, it’s colorizing a news report to fit the opinion of the reporter. It’s the polar opposite of hard news reporting, and is more akin to OpEd, or even News Feature writing.

More than likely, only the erudite would be aware of the differences. The average Joe is clueless about it, and only knows “where the gas and keys go,” which is another way of saying “if it’s on the Internet, it must be true.”

A one word description for that is “gullible.”

And face it, not everyone is a brainiac… and that’s okay.

What it boils down to is integrity, and truth-telling, which is precisely why journalistic integrity is of paramount importance in a free society like ours. Lack of it is what got “Lyin’ Brian Williams” canned from being the anchor of the NBC Nightly News. It wasn’t “colorful” reporting, it was blatant fabrication of a material fact. In plain language, he lied – and not just once, but several times – about events he reported, including Hurricane Katrina and being under enemy fire while flying in a Blackhawk helicopter.

Such phenomenon is not just limited to teevee news, but journalistic integrity also covers the written word. And there have been Read the rest of this entry »

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Bureau of Labor Statistics Labor Force Participation Reports May 2014: Don’t Believe the “Spin”

Posted by Warm Southern Breeze on Sunday, June 8, 2014

This will be of interest to the curious, especially those who seek and search for the truth.

Asserting to cite data from the Bureau of Labor Statistics (BLS), CNS News recently reported that the Labor Force participation rate was at a 36-year low.
The headline to that story reads:
37.2%: Percentage Not in Labor Force Remains at 36-Year High
http://www.cnsnews.com/news/article/ali-meyer/372-percentage-not-labor-force-remains-36-year-high

Upon examination of the BLS website, the data was found to be honest and accurate.
http://data.bls.gov/timeseries/LNS11300000

Information on the data set presented is:
Data extracted on: June 8, 2014 (4:07:31 PM)
Labor Force Statistics from the Current Population Survey
Series ID: LNS11300000
Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over

Following is the chart as shown on the BLS website:

Chart from the Bureau of Labor Statistics of Labor Force Participation, Seasonally adjusted http://data.bls.gov/timeseries/LNS11300000

Chart #2: From the Bureau of Labor Statistics of Labor Force Participation, Seasonally adjusted http://data.bls.gov/timeseries/LNS11300000 Civilian Labor Force Participation Rate, age 16+

 

 

 

 

 

 

If the information is accurate – that is, if it accurately represents the thing it purports to represent – then there is a genuine cause for concern, perhaps even alarm. But first, sometimes, information has to pass the “smell test.” If it just doesn’t sound right, dig a little deeper.

However, there is a DEFINITE skew which, when considered, renders the interpretation of the findings questionable, at best.

Since there are TWO separate entities reporting the SAME information, how could it possibly be inaccurate, or incorrect?

Let’s consider further, to determine if such alarm might be genuinely warranted.

Searching for Labor Force Participation Rate datasets from Read the rest of this entry »

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Government Spending

Posted by Warm Southern Breeze on Saturday, September 14, 2013

More than a few folks recall the significant benefit the Civilian Conservation Corps (CCC) provided this nation, and how our nation’s infrastructure (roads, waterways, electrical power grid, etc.) grew during that time. In Monte Sano State Park, in Huntsville, Alabama, there are cabins which are STILL standing, and which are in EXCELLENT repair, that were constructed by the CCC. It is testament to their quality, and to the effort to put people to work in this nation in the aftermath of the Great Depression.

Sadly, this largely Republican-led, “just-say-no” congress has done NOTHING to produce or encourage any type of jobs. That is to say, they have written NO BILLS to promote, encourage or stimulate hiring. NONE.

And yet, there is a sure-fire, time-tested way to get folks back to work – and what is being done about it?

Read the rest of this entry »

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How much is enough? A guide to dissatisfaction & satiety.

Posted by Warm Southern Breeze on Sunday, June 9, 2013

Late Southern humorist & columnist Lewis Grizzard once wrote a book entitled “Elvis is dead, and I don’t feel so good myself.” The title seems apropos, especially since economics is colloquially known as “the dismal science.” 

And then, there’s former Soviet Union premier Nikita Khrushchev who once famously said during the early stages of the Cold War in 1956, “We will bury you!

Either way, it means somebody’s gonna’ die.

Considering the implications, however, I ask these questions:

How many beds can a man sleep in at once? How many meals does he need before he is full? In how many cars can he ride at once? In how many showers can he bathe at once? How many shoes can he wear at once? In how many houses can he live at once?

How much is enough?

A pessimist’s guide to the Great Recession

Review by Ferdinando Giugliano
June 9, 2013 4:36 pm
A provocative critique of policy makers’ response to the economic crisis

When the Money Runs Out: The End of Western Affluence,
by Stephen King, Yale University Press, RRP£20/RRP$30

Academic debates over the right policy response are one of the few abundant commodities during an economic crisis. Just as in the 1930s and 1970s, the financial crisis that began in the late 2000s has divided economists into two camps. The neo-Keynesian troops have Read the rest of this entry »

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Big Business Profit Model Harms Long Term Profitability

Posted by Warm Southern Breeze on Wednesday, December 26, 2012

Perhaps the most telling rationale, or motivation for the course upon which corporations have set is explained in this statement by ANDREW SMITHERS: Yes, the current way in which managements are rewarded is perverse from an economic viewpoint. Adam Smith pointed out that some characteristics of human beings such as greed, which are often unpleasant at a personal level, can nonetheless bring social benefits. But this is not necessarily the case under current remuneration systems; greed is increasingly the cause of harm rather than help to the economy.

The long and short of it, is greed. And in that paragraph is the solitary mention of the word or practice.

Philosophically, this time, this period in our nation’s history – and in the history of the world, and in the greater, long term picture of humanity – is yet another prime example, and case in point illustrating why and how the selfishness of greed is unsustainable and genuinely evil.

Capital Wins, Labor Loses, But Andrew Smithers Says It Can’t Go On

MAKING SENSE — December 26, 2012 at 4:48 PM EDT

BY: PAUL SOLMAN

Warehouse manager at operations desk on computer. Photo courtesy of John McBride & Company Inc.

Warehouse manager at operations desk on computer. Photo courtesy of John McBride & Company Inc.

Paul Solman: Jon Shayne is not just the world’s No. 1 econo-crooner, belting out economics tunes of his own invention under the stage name Merle Hazard at his own website and for the PBS NewsHour audience on inflation, on the Greek debt crisis, on the euro crisis in general, on too-big-to-fail banks, and most recently, on the fiscal cliff.

No, Shayne/Hazard is no one-trick pony. He is also a noted money manager, recently highlighted by Forbes magazine for his perspicacity in stock-picking. Wrote Forbes: “If you follow the stock market, Jon Shayne is worth a good, long listen. Especially now.”

Having listened to Jon plenty over the past few years, I agree, especially with his emphasis on the increasing share of national income commanded by the owners of capital, in contrast to labor. This angle is the focus of Forbes’ story as well.

So I asked Jon to elaborate for the Making Sen$e audience. He has done so by interviewing the person who inspired his thoughts on the subject, British economist Andrew Smithers, who formerly ran the asset management business of S.G. Warburg, and now Read the rest of this entry »

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The Oracle at Delphi: Mitt Romney’s direct tie to increased unemployment in North Alabama

Posted by Warm Southern Breeze on Saturday, October 20, 2012

The average reader may not be aware that there was once a huge Delphi plant in Limestone county, Alabama, which facility was located directly across from Calhoun Community College.

American Industry... closed. - M1510 h712

Mitt Romney owned a significant interest in a firm that profited by laying off workers, dumping their pensions, moving to China, and then profiting rapaciously from the TARP bailout. That large plant – one among many, with the largest one being in Alabama – was the Delphi Steering Gear facility in Tanner, near Decatur, in Limestone County.

It was one of North Alabama‘s LARGEST employers – with emphasis on “was.”

The men & women who made careers there, whose labors enabled their children to attend college, provided their families’ clothing, groceries, housing & healthcare, and provided for their own retirement, and which was a union shop, was shuttered several years ago.

Most of what news I recall about it centered around how corporate traders, not unions, were wanting even more & more profit when they were already profitable. Time and time again, the workers took cuts in benefits & pay to keep their jobs for as long as they could… all to no avail.

Like a gazelle savaged on the plains of the Kalahari Desert in Africa, that once prosperous plant has been laid to waste, and there are only industrial skeletal remains. Even the human buzzards, scavenging metal for recycling from the industrial carcass, have left. For many years now, the hollow exterior hulk, instead of employees, materials & labor, has been drawing cobwebs, dust & rust. And soon, like all things left unattended, it too will crumble.

There are no taxes paid to Limestone county, or to nearby Decatur, Athens or Huntsville, or to Alabama for roads, schools, police & fire protection. But there is an even greater issue, one which is exceedingly more weighty and sorrowful. As a result of it all, there is no hope, there are no jobs, and there is no future.

Here’s the even more disturbing part: Mitt Romney had his hand in that pie.

And yet the saddest and most perplexing part is, that most Alabamians will vote for the GOP nominee/candidate.

Following the economic investigative report are historical local news reports that show the progression about the issue (which validate the economic investigative report by Greg Palast), from the:
Decatur Daily,
Huntsville Times,
• Associated Press,
• Athens-Limestone News Courier,
• Saginaw News (via MLive.com), and
• Wall Street Journal,
dating 2005, 2007, 2008, 2009 & 2010.

For the benefit of the reader, Greg Palast is an economist and financial investigator turned journalist whose series on vulture funds appeared on BBC Television’s Newsnight. He is the author of The Best Democracy Money Can Buy (Penguin) and, most recently, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories). For additional information about him, his website is: http://www.gregpalast.com.

Mitt Romney’s Bailout Bonanza

Greg Palast, October 17, 2012   |    This article appeared in the November 5, 2012 edition of The Nation.

This investigation was supported by the Investigative Fund at the Nation Institute and by the Puffin Foundation. Elements of it appear in Palast’s new book, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories). Research assistance by Zach D. Roberts, Ari Paul, Nader Atassi and Eric Wuestewald.

Mitt Romney

2012 GOP Presidential Nominee Mitt Romney (AP Photo/Evan Vucci)

Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment.

It all starts with Delphi Automotive, a former General Motors subsidiary whose auto parts remain essential to GM’s production lines. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or indirectly, more than $12.9 billion to Delphi—and to the hedge funds that had gained control over it.

One of the hedge funds profiting from that bailout—
$1.28 billion so far—is Elliott Management, directed by 
Paul Singer. According to TheWall Street Journal, Singer has given more to support GOP candidates—$2.3 million—than anyone else on Wall Street this election season. His personal giving is matched by that of his colleagues at Elliott; collectively, they have donated $3.4 million to help elect Republicans this season, while giving only $1,650 to Democrats. And Singer is influential with the GOP presidential candidate; he’s not only an informal adviser but, according to theJournal, his support was critical in helping push Representative Paul Ryan onto the ticket.

Singer, whom Fortune magazine calls a “passionate defender of the 1%,” has carved out a specialty investing in distressed firms and distressed nations, which he does by buying up their debt for pennies on the dollar and then demanding payment in full. This so-called “vulture investor” received $58 million on Peruvian debt that he snapped up for $11.4 million, and $90 million on Congolese debt that he bought for a mere $20 million. In the process, he’s built one of the largest private equity firms in the nation, and over decades he’s racked up an unusually high average return on investments of 14 percent.

Other GOP presidential hopefuls chased Singer’s endorsement, but Mitt chased Singer with his own checkbook, investing at least $1 million with Elliott through Ann Romney’s blind trust (it could be far more, but the Romneys have declined to disclose exactly how much). Along the way, Singer gained a reputation, according to Fortune, “for strong-arming his way to profit.” That is certainly what happened at Delphi.

* * *

Delphi, once the Delco unit of General Motors, was spun off into a separate company in 1999. Read the rest of this entry »

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Man that predicted Great Recession dead aged 90

Posted by Warm Southern Breeze on Tuesday, October 9, 2012

Jay Levy, Part of ‘Dynasty’ That Forecast 2008 Crash, Dies at 90

Jay Levy, who worked with his father, then his son, to publish an economics-forecasting newsletter, now in its seventh decade, that predicted the collapse in housing and latest recession, has died. He was 90.

He died on Oct. 4 at Northern Westchester Hospital in Mount Kisco, New York, according to his son, David. The cause was pneumonia. A resident of Somers, New York, he had suffered a series of mini-strokes in recent years.

The Levy Forecast, founded in 1949 as Industry Forecast, bills itself as the oldest paid newsletter devoted to economic analysis in the U.S. It is published by the Mount Kisco-based Jerome Levy Forecasting Center LLC, of which Levy was most recently senior counsel and managing director. The center carries the name of his father, Jerome, who died in 1967. Jay Levy’s son, David Levy, is chairman. They were part of what Forbes magazine, in 1983, called “a kind of economic dynasty.”

Levy and his son were “right as rain” in predicting the financial crisis and recession that began in 2007-2008, Alan Abelson wrote in Barron’s in January 2009.

Among the red flags they had raised was this from the November 2005 Levy Forecast:

“Just as the last recession was caused by Read the rest of this entry »

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The iPhone Stimulus

Posted by Warm Southern Breeze on Friday, September 14, 2012

Gonna’ get yours?

The iPhone Stimulus

By PAUL KRUGMAN, September 13, 2012

Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they’re with.

So is the new phone as insanely great as Apple says? Hey, I’ll leave stuff like that to David Pogue. What I’m interested in, instead, are suggestions that the unveiling of the iPhone 5 might provide a significant boost to the U.S. economy, adding measurably to economic growth over the next quarter or two.

Do you find this plausible? If so, I have news for you: you are, whether you know it or not, a Keynesian — and you have implicitly accepted the case that the government should spend more, not less, in a depressed economy.

Before I get there, let’s talk about where the buzz is coming from.

A recent research note from JPMorgan argued that the new iPhone Read the rest of this entry »

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Chinese Economic Slowdown is in the Making TRANSLATION: America is coming up!

Posted by Warm Southern Breeze on Wednesday, September 12, 2012

As the Rota Fortuna – the wheel of fortune – goes, one side goes up, while the corresponding side goes down.

America’s turn is next.

We’re comin’ up!

Bears at the heart of the dragon

Global Insight
September 12, 2012 3:50 pm, By Jamil Anderlini in Tianjin

Among the corporate titans and global leaders attending the World Economic Forum in the eastern Chinese city of Tianjin this week a fascinating division appears to have formed.

In quiet conversations and background chats with Chinese officials and analysts about the state of things in China, the tone of despondency and cynicism was pervasive while the views of international attendees on China were generally bullish and upbeat.

Rota Fortuna - the Wheel of Fortune

Rota Fortuna – the Wheel of Fortune – Fortune and Her Wheel: Illustration from Vol. 1 of Boccaccio’s De Casibus Virorum Illustrium (On the Fates of Famous Men) (1467, Glasgow, Glasgow University LIbrary)

At one point, during Read the rest of this entry »

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How to End This Depression

Posted by Warm Southern Breeze on Sunday, July 29, 2012

It’s been said that ‘everything should be made as simple as possible, but not simpler.’

The distinguished Dr. Krugman – who accurately foretold in 2001 that the “Bush Tax Cuts” would create significant deficit (and they did) – understands the role of government in providing opportunity for entrepreneurs and private enterprise, and the equally important role that government has in responsibility to protect public health and safety.

The long and short of it is this: Government spending on economic infrastructure (including education) is a good investment because it yields significant immediate and long-term results.

Why?

Because Materials and Manpower ALWAYS come from the private sector.

Regular readers of this blog will be familiar with the aforementioned premise, and the numerous times about which I have written in detail about the same. This entry illustrates with three excellent examples of that principle.

Naysayers and critics miss one very important factor in their analogy, which is that the Federal government has the power and authority to print money. The way that factor relates to the issue at hand is this: While the government could – in theory, and in reality – print enough money to give $10,000 to every man, woman and child in this nation the net effect of so doing would be to devalue the money, which would be resulting from inflation.

How to correct, resolve or work within the guidelines of that factor is to understand that one very important role of government is to provide OPPORTUNITY for entrepreneurs and private enterprise. By providing opportunity, government is also encouraging private enterprise and entrepreneurship. And, for the strict Constitutionalists, courts have continued to uphold and acknowledge that such power is contained within the Preamble’s clause “to promote the general welfare.”

Further, for the “anti-Big Government” naysayers, it is preposterous (contrary to reason or common sense; utterly absurd or ridiculous) to imagine that, in this era, with every technological advance, invention and discovery which has been made since 1776, and with our population (now approaching 312,000,000), that we would have fewer laws, rules and regulations than when we first began.

And, for those who say we should balance our budget, I would agree. However, I hasten to point out, that the last time that was done was under Eisenhower and LBJ. That does not excuse us from an ongoing civil discussion and debate about how to effectively manage our nation’s budget. Perhaps a formula of some type which would take into account GDP, debt (outstanding Treasury notes), trade deficit, population growth, birth rate, and other factors – with an “escape” mechanism for times of civil emergency or war, of course.

For such, we need technocrats – experts in areas of operations – rather than bureaucrats. Perhaps in an advisory role. But then again, we have those.

So… why don’t we work together as we ought?

Politics.

It seems that “Everybody’s got something to hide except for me and my monkey.”

How to End This Depression

May 24, 2012

Paul Krugman

The depression we’re in is essentially gratuitous: we don’t need to be suffering so much pain and destroying so many lives. We could end it both more easily and more quickly than anyone imagines—anyone, that is, except those who have actually studied the economics of depressed economies and the historical evidence on how policies work in such economies.
Obama in Master Lock factory Milwaukee

President Obama on a tour of the Master Lockfactory in Milwaukee with the company’s senior vice-president, Bon Rice, February 2012; Susan Walsh/AP Images

The truth is that recovery would be almost ridiculously easy to achieve: all we need is to reverse the austerity policies of the past couple of years and temporarily boost spending. Never mind all the talk of how we have a long-run problem that can’t have a short-run solution—this may sound sophisticated, but it isn’t. With a boost in spending, we could be back to more or less full employment faster than anyone imagines.

But don’t we have to worry about long-run budget deficits? Keynes wrote that “the boom, not the slump, is the time for austerity.” Now, as I argue in my forthcoming book*—and show later in the data discussed in this article—is the time for the government to spend more until the private sector is ready to carry the economy forward again. At that point, the US would be in a far better position to deal with deficits, entitlements, and the costs of financing them.

Meanwhile, the strong measures that would all go a long way toward lifting us out of this depression should include, among other policies, increased federal aid to state and local governments, which would restore the jobs of many public employees; a more aggressive approach by the Federal Reserve to quantitative easing (that is, purchasing bonds in an attempt to reduce long-term interest rates); and less timid efforts by the Obama administration to reduce homeowner debt.

But some readers will wonder, isn’t a recovery program along the lines I’ve described just out of the question as a political matter? And isn’t advocating such a program a waste of time? My answers to these two questions are: not necessarily, and definitely not. The chances of a real turn in policy, away from the austerity mania of the last few years and toward a renewed focus on job creation, are much better than conventional wisdom would have you believe. And recent experience also teaches us a crucial political lesson: Read the rest of this entry »

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Is is true that “economics is a faith-based pursuit forever in search of a new deity”?

Posted by Warm Southern Breeze on Monday, June 18, 2012

Do not put your faith in the false deities of economists

June 18, 2012 8:14 pm

By Philip Stephens

Economics is a faith-based pursuit forever in search of a new deity. Those who believe in a compassionate God struggle to explain how such a being can allow such terrible misery to be inflicted on life’s innocents. Belief in the canons of economics demands a comparable leap of imagination.

When I first started writing about the subject for the FT during the early 1980s, Margaret Thatcher worshipped at the altar of something called “monetary base.” The government, this creed promised, had only to regulate the quantity of notes and coins circulating in the economy and just about everything else would fall into perfect place.

Soon enough, monetarist fundamentalism proved a false prophet. The experience led to the annunciation of the heretical Goodhart’s Law. Bearing the name of one of the trade’s distinguished free thinkers, this says that as soon as Read the rest of this entry »

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Nursing Salary Survey reports Western Nurses earn more

Posted by Warm Southern Breeze on Tuesday, May 15, 2012

One category of expert nurses this survey omitted – perhaps purposely – was Certified Registered Nurse Anesthetists.

As a group, they have consistently earned six-figure salaries, typically upwards of $125,000/year.

Among Advanced Practice Nurses, CRNAs have continually earned significantly more than the average APN.

In fact, according to a salary survey report performed in 2005 by LocumTenens.com, CRNA respondents reported income ranging from $90,000-$250,000, with 63% reported earning between $110,000-$170,000/year.

The average salaries reported were: 2008-$163,467 / 2009-$169,043 / 2010-$166,833.

And, in 2011, the average reported salary for CRNAs in that survey was $168,998.

Research published by the American Association of Nurse Anesthetists in AANA Journal, April 2008, indicated that the median range for CRNA faculty – academic and clinical – earned between $120,000 and $140,000.

So, as you read the following items, please bear that in mind.

In the Occupational Outlook Handbook published by the Bureau of Labor Statistics, the overall average salary for Registered Nurses in 2010 was $64,690 per year, or $31.10 per hour. The job outlook (forecast) for 2010-2020 is that need is expected to grow 26% (Faster than average). According to the BLS, there were 2,737,400 Registered Nurses in 2010.

Among Nurses, NPs and Those in the West Earn the Most

Jennifer Garcia

Authors and Disclosures
Journalist
Jennifer Garcia
Jennifer Garcia is a freelance writer for Medscape.
Disclosure: Jennifer Garcia has disclosed no relevant financial relationships.

May 11, 2012 — Nurse practitioners are the top earners among nurses, according to the Physicians Practice 2012 Staff Salary Survey . The survey reports salary averages from 1268 respondents, including nurse practitioners, registered nurses, and nurse managers. Salary information from other staff members such as physician assistants, medical records clerks, medical assistants, front desk staff, billing managers, and medical billers was also included in the survey.

Physicians Practice collected data during the fourth quarter of 2011, and Read the rest of this entry »

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Thomas Jefferson on “the Buffett Rule”

Posted by Warm Southern Breeze on Monday, April 23, 2012

How much is enough?

How many houses does a man need to live in?

How many cars does a man need?

In response to the question “Can you ever have enough money?,” billionaire entrepreneur Sir Richard Branson replied, “You only need one breakfast, one lunch, one dinner, and therefore the money aspect is not actually that important.”

Thomas Jefferson on the Buffett Rule

by Alan Grayson on Friday, April 20, 2012 at 1:44pm ·

I don’t know what Founding Father and President Thomas Jefferson would have thought about TV, cars, spaceships, cellphones, skyscrapers, computers or nuclear weapons. But I do know what Jefferson would have thought about the Buffett Rule. He would have liked it.

The Buffett Rule is the Obama Administration’s proposal to adopt a 30% minimum tax rate on personal income above $1 million a year. It would promote one of the central tenets of progressivism: that the burden of taxes should fall on the rich, not the poor.

In 1811, two years after Jefferson left the Presidency, Jefferson wrote a letter to General Thaddeus Kosciuszko, a hero of the American Revolution. Jefferson said that he supported taxes (then tariffs, since there was no income tax yet) falling entirely on the wealthy. As Jefferson explained: “The farmer will see Read the rest of this entry »

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Why the idea of “SMALLER GOVERNMENT” is a myth

Posted by Warm Southern Breeze on Thursday, February 2, 2012

I never cease to be amazed at the silliness, tomfoolery, and outright stupidity – that’s being kind to so describe such behavior – that some elected fools… er, officials assert.

The Seat of Government

The Seat of Government (Photo credit: Ewan-M. via Flickr)

For example, one of the most popular, well-known and oft-repeated mantras of the TEA Partiers and other radical Republicans make is one of “smaller government.”

Allow me to be uncompromisingly forthright – also known as wholly blunt: Read the rest of this entry »

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Gas Prices drop: Saudi Oil output at 30 year high

Posted by Warm Southern Breeze on Wednesday, December 7, 2011

Have you noticed?

The price you pay for gasoline has dropped.

Why?

It’s quite simple really.

Oil output from Saudi Arabia is at a 30 year high.

Yeah.

It’s exactly like Gil Scott-Heron said on his song 1981 song “B-Movie”:

What has happened is that in the last 20 years, America has changed from a producer to a consumer.  And all consumers know that when the producer names the tune, the consumer has got to dance.  That’s the way it is.  We used to be a producer – very inflexible at that – and now we are consumers and, finding it difficult to understand.  Natural resources and minerals will change your world. The Arabs used to be in the 3rd World.  They have bought the 2nd World and put a firm down payment on the 1st one.  Controlling your resources will control your world.  This country has been surprised by the way the world looks now.” 

Saudi Arabia Crude Production Rises to Highest in Three Decades

Dec. 6 (Bloomberg) — Saudi Arabia, the world’s biggest crude exporter, boosted output last month to the most in more than three decades to meet customer demand.

“We produced 10 million and 40 barrels in November because Read the rest of this entry »

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Continuing Stubborn Ignorance

Posted by Warm Southern Breeze on Wednesday, March 16, 2011

Having recently read this Op/Ed columnist’s article, I found the author’s remarks spot-on… so much so, that I am sharing them here for your benefit. I hope you enjoy them as much as I did.

Within the past decade, I’ve written three columns titled “Deception 101,” “Stubborn Ignorance,” and “Exploiting Public Ignorance,” all explaining which branch of the federal government has taxing and spending authority. How can academics, politicians, news media people and ordinary citizens get away with statements such as “Reagan’s budget deficits,” “Clinton’s budget surplus,” “Bush’s budget deficits and tax cuts” or “Obama’s tax increases”? Which branch of government has taxing and spending authority is not a matter of rocket science, but people continue to make these statements. The only explanation that I come up with is incurable ignorance, willful deception or just plain stupidity; if there’s another answer, I would like to hear it.

Let’s look at the facts. Article I, Section 7 of the U.S. Constitution reads: Read the rest of this entry »

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The cost of everything is going up.

Posted by Warm Southern Breeze on Friday, February 5, 2010

In today’s “Blondie” comic strip, the strip’s protagonist’s husband – Dagwood Bumstead – is seated at …Continue…

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