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November 10, 2011

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Jack is Back!

You' A meansa da coma-backa kid is no a goat?

pagar

These financially troubled countries should just declare themselves green energy producers then the Obama Admin would shovel them all the cash they want.

http://pjmedia.com/blog/another-doe-loan-scandal-abengoa/

rse

Q: To what extent do you think what is going on in Europe is being rightfully seen as a rejection of the Third Way that arose with Clinton, Blair, and the EU?

If not, we need to start framing it that way recognizing that the OWS momentum needs to be turned where it belongs-against the corporatist, regulatory state benefits political elite and their cronies global model.

Yesterday's link that OL then commented on the right to low priced internet access for the poor and low priced laptops was something I was familiar with and get at many levels. The most critical one though in light of Europe and where I know this is all going is an example of crony capitalism. And a trade pub screwed up about a week ago and the reporter mentioned what he would have overheard and failed to appreciate. That MS's so-called charitable work to the schools pushing digital literacy would be worth an additional 100 million customers to it.

Clarice

pagar, what a grand idea.
Molto grazi
Sylvio.

Jim Ryan

Huh. Cain and Bialek have already taken a lie detector test. He passed with flying colors, and she failed.

Gerry

Uhh, what's a "German bund"?

Gerry

Jim Ryan-
Should've known it had something to do with Nazi's...

Thomas Collins

A bunch of Greeks and Italians (Aristotle, Plato, Pacioli, Machiavelli, etc.) taught us everything we know about politics, accounting and finance. What an irony it is that Greece's and Italy's politics, finances and the accounting for such finances are now in such disarray.

narciso

Didn't I see a piece in the Journal about how Europe's oldest bank, based in Milan, is one of those about to go under.

narciso

See that was a Perry level mistake, Banco Paschi di Siena.

Thomas Collins

If any of you visit, during the Thanksgiving holiday weekend, environs similar to the ones I visit, one of the talking points to which you may be exposed is that Obama's gunrunning program was simply an initiative carrying on what Bush had done. See LUN (via Instapundit) for a short article decimating that talking point. The information in the article may come in handy during one of those insufferable prog lectures.

Janet

Thanks for that link Thomas.

Melinda Romanoff

narciso-

It's Siena's Monte dei Paschi.

narciso

One does wonder, why would they engage in such an operation, seeing the shortcomings of Wide Receiver. It's a little like, the operations in the Tonkin Gulf in '64, were not unlikely similar operations in Eastern Europe and even Mongoose in the early 60s, yet they went on with it.

Danube of Thought

In Siena a couple of years ago I noticed a bank with "Est. 1492" on the facade. Is that the one?

Minus 18 at Raz today.

Melinda Romanoff

Sure it wasn't 1472?

Because that's their start date.

narciso

So what's the practical investment strategy at this point, a crying jag like in Fight Club, primal scream therapy, because this is the like the Matryoska dolls, that no one wants to find.

Thomas Collins

I suspect Bialek is lying about the groping, and I also suspect that Cain has said things at which women who are not Katharine Hepburn type feminists (I think anyone who has seen any of Hepburn's movies with John Wayne will know what I mean) would take offense. Cain's "Princess Nancy" remark last night, I suspect, is the type of remark Cain has made at social/business functions.

One irony of the smear campaign against Cain is that, without the smear campaign, I don't think Cain would have developed the type of organization that could seriously contend for the POTUSey. If Cain sees that the smear campaign is a wake-up call, he may be thanking Sharon Bialek in early Nov. 2012. Still, at this point, my odds (including those I think would have a chance in the unlikely event of a brokered convention) are as follows:

Romney: 2-1.

Gingrich: 4-1.

Cain: 25-1.

Jeb Bush: 50-1.

Palin: 100-1.

Perry: 200-1.

Bachmann: 500-1.

Santorum: 1000-1.

Ron Paul: 10,000-1.

Melinda Romanoff

Like this sign?

narciso

This is from an earlier piece on them, sometimes they wish there was such a thing as a memory hole;

http://online.wsj.com/article/SB10001424052748704495004576264560843321334.html

Jack is Back!

TC,

And both countries are the most "red" Communistic of all the EU members. Pace, indeed.

narciso

Speaking of Zombie banks, about a decade after the whole scandal regarding the Iraq
arms financing deal, I saw a Banco Nazionale
de Labori credit card, 'irony it's what's for dinner'

narciso

This was the most recent one, that I came across:


http://online.wsj.com/article/SB10001424052970204777904576651063734049714.html

Army of Davids

Italian sovereign issues and I haven't read up on the latest...

I'd look at 3 things first....

1) Political progress
2) ECB signs/signals of give on buying on the market (most likely)...Draghi...new ECB head (and former Government Sachs exec) is Italian.
3) EFSF potential action. Not as likely just yet.

It's a mess...and I don't see how it doesn't get worse.

Army of Davids

Any confirmation/development on Bielak living in the same building as David Axelrod in ChicagoLand?

narciso

They are everywhere, it's like with Citibank in Pakistan, two thirds of the time, the finance minister has to be from there.


http://directorblue.blogspot.com/2011/11/stratfor-research-italy-has-seven-days.html

Clarice

Army, She was asked and confirmed that.

GMAX

Miss GOP chairman tells you today what I told y'all yesterday, and which I have seen not one mention of in the mainstream press, that being that the flushing of Democrats in the South is continuing apace:

MSGOP chairman Arnie Hederman: “Republicans made history in Mississippi yesterday, electing majorities in the House and Senate for the first time in 140 years. While some races have yet to be called and our majority could still grow by a few seats, the outstanding ballots cannot change the fact that Republicans will hold a majority of seats in the House and will have expanded its majority in the Senate.”

Danube of Thought

"Sure it wasn't 1472?"

That's the one.

GMAX

Terry McAuliffe who was Baghdad Bob when at the DNC, was on last evening and he was all Obama is moving up. Sorry I had flashbacks to old Baghdad Bob, "There are no coalition troops anywhere in Baghdad". Bravado and outright whistling past the graveyard methinks...

narciso

Usually I would say that's a George Costanza,
but with McAuliffe, who knows, then again he couldn't had done worse than Deeds I don't think.

narciso
Ignatz

--Terry McAuliffe who was Baghdad Bob when at the DNC, was on last evening and he was all Obama is moving up.--

McAuliffe is right.
Come January 2013 I believe Barry will be moving up.
Specifically he'll be movin' on up, to the East side, to a dee-luxe apartment in the sky.
Causing he aint going to be at 1600 Pennsylvania anymore.

Ignatz

Excellent article by John Taylor explaining why the Fed needs some legislative guidelines to fence it in, in order to give us some sound money for a change.
Interestingly he notes that much of the Feds' inept discretionary behavior began with the repeal of reporting and accountability requirements, that had been placed on it in the 70's, by the American Home Ownership and Economic Opportunity Act of 2000, one of the many ill conceived congressional incentives provided to distort the housing market.

Thomas Collins

From that fount of journalistic integrity, Politico, we have an article on the political views of Chris Rock. Stand aside, Plato, Aristotle, al-Farabi, Marsilius, Hobbes, Aquinas, Machiavelli, Rousseau and all the rest. Chris Rock has entered the political philosophy canon. I look forward to an anthology of his rantings, which will no doubt be titled, "The Political Philosophy of Gangsta Sh*t". See LUN.

GMAX

How do you win Ohio, when your signature "accomplishment" Zerocare just got kicked to the curb by what 2/3 of the voters in Ohio? And without Ohio where is the path for Obama especially given Virginia and North Carolina look like they have lost that loving feeling...

narciso

When Hitchens is good as with the first half, he's on fire, as in the first part of the LUN,
then he goes off the rails

narciso

Here's a less brain slugworthy LUN

Rick Ballard

"I don't see any obvious headlines explaining the Rocky Balboa of markets."

The ECB stepped in

La Banca centrale europea sta anche oggi comprando titoli di Stato italiani, con interventi che alcuni trader descrivono come «più aggressivi» rispetto ai giorni scorsi. Lo riferiscono fonti di mercato, una delle quali parla di «tranche più importanti» del solito. Gli acquisti della Bce stanno contribuendo a tirare i prezzi dei titoli italiani verso l'alto. A spingere giù lo spread c'è poi la prospettiva di un governo di Mario Monti, che rassicura i mercati.

There was a 5 billion 12-month note auction today in Italy which sold at 6.087% versus last month's 3.570%. They obviously have everything tightly under control.

Thomas Collins

I'll say this for Politico--the web site may have locked up the campaign season award for Best Understatement in a Headline:

"Rick Perry's debate freeze complicates campaign recovery"
narciso

I think I understand, why are Translate programs so hinky:


The European Central Bank is also now buying Italian government bonds, with interventions that some traders describe as "more aggressive" than the last few days. The sources said market, one of which speaks of "tranches most important" than usual. The ECB's purchases are helping to pull the Italian bond prices up. A push down the spread is then the prospect of a government of Mario Monti, who reassured the markets.

Thomas Collins

Now all we need is a Google translate function that will let us know what political programs "Gangsta Sh*t" encompasses.

Thomas Collins

Ah, the halcyon days of Italian finance. See LUN.

GMAX

On the whole, I think I would rather be holding Italian govt bonds than be holding Jefferson Co Alabama bonds, but then I am not the genius that Jamie Dimon is...

Benjamin Franklin

"A rather ironic implication of this thread;"

Evidence; discussions, videos, graphs......

Could Iran have the same personality disorder as Saddam?

I mean, it was mysterious to us that he refused to cooperate, fully,
until the aftermath. He was afraid his enemies could be CERTAIN, he is no threat.

Just sayin'....

daddy

OT

Only on for a few minutes. Is the recount done in Virginia District 17 and did the Repubs pick that seat up?

Thanks in advance.

MayBee

Maybe Italy will have to have a fire sale on her wines. That's a bailout I would participate in.

Jim Ryan

Daddy, they haven't done a recount. They have done a canvass (???) and Bryce Reeves (R) picked up a few more votes that way. Now the Dem can ask for recount.

Benjamin Franklin

Oh yes, those engineers......

http://www.nakedcapitalism.com/2011/11/the-end-of-loser-liberalism-an-interview-with-dean-baker-part-i.html


"Philip Pilkington: The overarching thesis of your book The End of Loser Liberalism is quite a provocative one. This isn’t just a book about economics as such. Instead, if I were to venture using a term that appears to be coming back in fashion, it’s a work of political economy. You write that the current political debate – wherein the left are seen as restricting and constraining the ‘free market’ while the right are seen as letting it free to work – is completely skewed. You write that liberals and progressives need to take a different line on this. Could you explain this basic premise in a little more detail, please?

Dean Baker: The conventional view is that conservatives place a huge value on market outcomes. It is common for progressives or liberals to deride them as “market fundamentalists”, as though they worship the market as an end in itself. By contrast, liberals/progressives are supposedly prepared to use the hand of government to override market outcomes in order to promote goals like poverty reduction or equality. I argue in the book that this view is completely wrong, and worse that it plays into the hands of the right.

I argue that the right has quite deliberately structured markets in a way that have the effect of redistributing income upward. The upward redistribution of the last three decades did not just happen, it was engineered."

daddy

Thanks Jim.

Fingers still crossedXX.

Jim Ryan

From the Fredericksburg paper.

Election officials in the 17th Virginia Senate District have completed a canvass of Tuesday's election results. The final tally has Reeves up 224 votes over incumbent Democrat Edd Houck, 22,610 to 22,386. Reeves took 50.16-percent of the vote, with Houck taking 49.66-percent.

Houck will ask for recount.

jimmyk

"Rick Perry's debate freeze complicates campaign recovery"

Maybe he was just trying to garner the senior citizen vote. As I think Clarice and Jane have said, who over the age of 50 hasn't experienced those brain freezes? I'm just glad mine haven't been on live national TV.

Rick Ballard

Narciso,

Not too bad a translation. It doesn't quite capture the understatement of the remark concerning the mahnitude of the ECB intervention. The 12-month auction results provide better information than the propped 10 year bond.

Monti may be [s]elected but I'm seeing lines drawn on the north/south split with Bossi and DiPietro both getting hard nosed. The Italian deficit is about as amenable to remedy as that of Greece with the exception that Italian demographics are actually worse.

The euro is still dying of OPM withdrawal.

cathyf
I don't see any obvious headlines...
There's always "Dead Cat Bounce" of course.
Benjamin Franklin

I couldn't bear to watch......

http://www.digbysblog.blogspot.com/


"Stewart asks smart, probing questions on a variety of subjects. Questions that journalists should have been asking for years, if we still had real journalists.

And Pelosi pretty much dodges every single one. All she had to do was essentially say, "

"Yes, lobbying and money in the system are screwing everything up. Too many Democrats have succumbed to that, too, but it's really hard because the system is broken and it takes money to get elected. The Volcker rule is a great idea, but we're having trouble passing it in the form it should be passed because the banks have a lot of power in Congress. Yeah, America has a deficit problem and now there's a commission to deal with it. But all we really need to do is end the Bush tax cuts for the rich and reduce our commitments overseas while cutting corporate welfare at home--but guess what, the Republicans will hold anything and everything hostage to stop us from doing that. So we're sort of deadlocked. We got a lot of good stuff done between 2009 and November 2010, but we didn't get a chance to do enough and we had to deal with the horrible economy Bush left us. And I think that if Americans give us the opportunity to get things done again, we need to focus on making changes to the system so that it isn't as easy to corrupt the system as it is now."

Ignatz

--All she had to do was essentially say, "

"Yes, lobbying and money in the system are screwing everything up.--

All she had to do?
Since she and her husband are adding to their many millions significantly through government connections, "lobbying and money in the system" are the bread with which that putrid hypocrite's bread is buttered.
Making the government much smaller is the only method by which lobbying and money in the system will both cease to matter.

Benjamin Franklin


I thought the Stuxnet obliterated the centrifuges' capabilities.

Maybe Iran started a form of the Great Leap Forward wherein patriotic citizens made tiny little centrifuges in every backyard.

Mao to Red Guard; "WTF are we supposed to do with all this pot metal?" (google translates)


http://www.digbysblog.blogspot.com/

MayBee

Reggie Love is leaving.

Benjamin Franklin

sorry wrong link....Great Leap Forward...

http://en.wikipedia.org/wiki/Great_Leap_Forward

Uncle BigBad

The whole world now knows something important about Perry's domestic policy. Would anyone know which agencies Perry would close if he hadn't had a brain freeze?

Once the media gets over its hyperventilation = Perry win.

Is Perry's gaff worse than thinking there are 57 states?

Is it worse than not knowing how to pronounce corpsman?

Is it worse than not knowing how to pronounce Orion?

Is it worse than giving Hillary the finger during a debate?

Frau Rodonkuchen


This certainly has nothing to do with Onkel Adolf's 1000 year empire.

Dave (in MA)
Once the media gets over its hyperventilation
Maybe they could use a breathalyzer.
Frau Rodonkuchen

Uncle BigBad - Hay-ull no!

"brain freeze"?
This cannot happen to Pres. Bugsy when TOTUS is up and running. Why is he wedded to his contraption if not due to his inability to speak without it?

centralcal

Looks like Kraushaar may not be having that media circus after all. The two other's contacted by her haven't returned her calls and her attorney is saying she won't do a joint presser with only Bialek. snort!

Thomas Collins

That's too bad, centralcal. I was looking forward to all four providing the opportunity to be tested by that voice stress software.

centralcal

yeah, TC, how cool would that be!

Charlie (Colorado)

I thought the Stuxnet obliterated the centrifuges' capabilities.

A computer virus can only do so much. It can't actually blow up the hardware.

Charlie (Colorado)

"Bund" by the way just means a "binding" or "association" or "band" or "bundle."

Charlie (Colorado)

Or even "multicolored".

 Ann

Honestly, Perry has a problem? He can at least speak without a telepromter. Here are a few memories I dug up from my file:

Photobucket

Photobucket

That took two seconds. There are more.

Melinda Romanoff

But it sure can wreck precision controls for the motors on centrifuges.

It's very hard to get things separated when you can't achieve anything close to accurate spin. Also, if you spin it fast enough, pieces can come off.

Thomas Collins

Ann and Frau and Uncle BigBad, MSM won't give Perry the slack on his "moments" that they will give to Obama. My hope is that this one is so bad it wakes Perry up. I still think Perry has been the ballsiest on entitlement reform, and I'd like to see him succeed. However, at the moment, I have to agree with those who have said his campaigning and appearances at these joint press conferences have been below what is needed to be a serious contender.

Thomas Collins

If Perry can turn it around, he could always joke that he always has trouble naming three agencies that should be shut down, because there are so many more than three that should be given the heave-ho, it's tough to choose three!

Janet

Exactly Ann. How 'bout Obama lying about Bill Ayers...just some guy in my neighborhood?
Obama is a d#*n liar. Why didn't that end his campaign for the Dem. candidacy?

centralcal

From Mediaite about Mario Batali:

It’s amazing how many people still don’t realize that comparing things to Hitler is never a good idea. Predictably, bankers and traders were not happy with Batali’s remarks. According to Eater’s Amanda Kludt, once traders found out about his comments, they began forwarding this message to everyone they knew, worldwide:

Celebrity Chef Mario Batali Says Bankers As Bad As Hitler, Stalin … a list of his restaurants *B&B Ristorante *Osteria Mozza *Babbo *OTTO *Bar Jamon *Pizzeria Mozza *Carnevino Italian Steakhouse *Tarry Lodge *Casa Mono *Tarry Market *Del Posto *Mozza2Go *Esca *Manzo *Lupa Cancel all reservations…..pass the word.

Damned capitalists! Apparently many, many did cancel their reservations and some may boycott him permanently.

Frau Gugelhopf

TC,- My "hay-ull no" is to BigBad's questions about Obama. I do think Perry should hang on. He has much to contribute. This is just another attempt to allow the MSM cull the group. Hay-ull no!

Perry should stay. His voice and ideas are needed.

(Chaco, Mir wird's bald zu bunt)

narciso

Past is prologue, as we see from this example of the Iraqi nuclear program:

http://nuclearweaponarchive.org/Iraq/IraqAtoZ.html

 Ann

Frau, Did you make that? Would you pass me a slice and the recipe... yum.

TC, I agree. I just hate seeing us eat our own.
Especially since all the democrat crooks get off time and time again because they CAN'T REMEMBER carp. Someone should make a list.

narciso

Consider this happened nearly two years before Tammuz 16, what is commonly know as
Osirak, or O'Chirac, because of Osama's penpal's connection to said programs.


Israel's first attempt to disrupt Iraq's plans occurred at 3 am on 6 April 1979. The two reactor cores lay in storage at a plant at the French firm of Constructions Navales et Industrielles de la Méditerranée in La Seyne-Sur-Mer near Toulon awaiting shipment to Iraq. A Mossad operation known as Operation Sphinx smuggled in seven operatives who placed five explosive charges on the cores and detonated them, damaging both cores and setting back Iraq's program by at least half a year ([Ostrovsky and Hoy 1990; pp. 19-20], [Raviv and Melman 1990; pg. 251]).

Frau Gugelhopf

Ann, if I had baked that cake, I'd be in the kitchen eating it all right now. I did bake a peanut butter, banana and chocolate bread made with wheat flour. It tasted like it, too. :-D

Frau Gugelhopf

cc- Batali should think before he speaks in public and get himself a teleprompter. I guess il duce is one of his good guys.

"“Every anarchist is a baffled dictator”
Benito Mussolini

narciso

You know there's a point when even the brainslug says 'No Mas' and this is a case study

Clarice

I recall reading another well known chef making critical remarks about Bush and I think he should suffer for it but I cannot find the cite I was looking for.

Shut up and Cook--you guys and gals.

Barbara
Perry "could always joke that he always has trouble naming three agencies that should be shut down, because there are so many more than three that should be given the heave-ho..."

TC,

While I watched Perry struggle through those endless seconds last night, I wondered why he didn't come up with a clever comment like yours. The moderators just let him twist in the wind until someone (Romney, I believe) tried to help him by offering the EPA as a possible answer. And still the moderators wouldn't move off the embarrassing moment. It said as much about them as it did about Gov. Perry.


Re: Bielak living in the same building as David Axelrod

I was watching Bielek being interviewed on Fox news the other morning when she was asked a question about that, and found her answer to be curious at best. She said that she might have seen Axelrod in the gym and said hello. That just didn't wash with me. [Not to be too catty, but Ms. Bielek does not look like a person who frequents the gym.] She did not deny knowing him or even possibly talking with him. Still, she looked uncomfortable with the question, and the answer sounded as if it had been prepared in advance.

On the issue of Axelrod's past practice of revealing information from previously "sealed" records, Ann Coulter has written an article (LUN) in Human Events in which she argues that it is Axelrod who is responsible for the allegations/informatin that has been revealed about Cain's past. Apart from whether there is any truth to the allegations and Cain's handling of the matter, a possible link between Axelrod and Bielek should not be treated as just a coincidence.

Janet

The WaPo style section celebrates the Occupy movement. What.a.joke. Vibrant urbanism. LOL!!

Here is a comment -
""The occupation of McPherson Square is the best thing that's ever happened to us!!!!"

Sincerely,
The Rats"

Uncle BigBad

Barbara

Axelrod is "just some guy in the neighborhood."

narciso

This time they didn't even go one 'Kevin Bacon' apart,

narciso

Nor are these, you weren't expecting they were actually cut back, pshaw;

http://thehill.com/blogs/on-the-money/budget/192861-democrats-want-war-savings-to-fund-new-stimulus

Benjamin Franklin


JMH;

Here's a messenger Gingrich thinks should be shot (CBO) Herein, lies the Problema; No one trusts sources which don't pander to their POV....

“If you are serious about real health reform, you must abolish the Congressional Budget Office because it lies,” Gingrich said at a Saturday debate with embattled pizza entrepreneur Herman Cain. “Every hospital will tell you that if you get the family and patient involved, it is better and less expensive. The Congressional Budget Office refuses to see this as a savings. It wants more bureaucracy and less patient involvement.”

Benjamin Franklin


JMH;

Here's a messenger Gingrich thinks should be shot (CBO) Herein, lies the Problema; No one trusts sources which don't pander to their POV....

“If you are serious about real health reform, you must abolish the Congressional Budget Office because it lies,” Gingrich said at a Saturday debate with embattled pizza entrepreneur Herman Cain. “Every hospital will tell you that if you get the family and patient involved, it is better and less expensive. The Congressional Budget Office refuses to see this as a savings. It wants more bureaucracy and less patient involvement.”.

GMAX

Ann Coulter on the now infamous Bialek:

Within 24 hours of Bialek's press conference, friends and acquaintances of hers stepped forward to say that she's a "gold-digger," that she was constantly in financial trouble -- having filed for personal bankruptcy twice -- and, of course, that she had lived in Axelrod's apartment building at 505 North Lake Shore Drive, where, she admits, she knew the man The New York Times calls Obama's "hired muscle."

Throw in some federal tax evasion, and she's Obama's next Cabinet pick.

Go read her blog, she makes it clear that Axelrod has a history as does Daley of doing this very thing. I will say I told y'all so when it is traced right back to his grubby little hands...

Melinda Romanoff

Gmax-

Daley didn't do this sort of thing. His campaign hired Axelrod to do these sorts of things. And he's not the only one who does that sort of work here, if you were "sent by someone" you would be doing it too. Part of your job.

Benjamin Franklin

"Past is prologue, as we see from this example of the Iraqi nuclear program:"

I see the conjunction, narc....Tammuz built the Tower of Babble (sic)

narciso

As has been pointed out before, this m.o of false flagging attacks on candidates are not unique to Axelrod, but his once and future successor, Pete Rouse, a one time chief of staff to Senator Obama,

Porchlight

Keeping her eye on the ball:

Palin: Fire Eric Holder

narciso

Guess what Senator, the new chief of staff, started working for, hint there's a connection
to the Myers case

http://www.adn.com/2009/02/21/698296/senior-obama-adviser-has-alaska.html

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