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April 26, 2009

Comments

anduril

Totally OT--oh, wait! This is open!

The Coolest Thing We've Seen In A While

"A bit more invigorating than a round of 18." I guess so!

narciso

Is historical memory, specially in the financial sector, so barren, that Henry Blodget, fraudster at Merrill Lynch, during the previous bubble, gets away withanything.
Will Joseph Cassano be resurrected as a sage in 2015 or 2017. I know he'll probably be extradited and tried here, but I'm not confident of that. I mean he earmarked his funds directed to Dodd, and those are what we know of, who else was a big recipient of his largesse.I'm very cynical about these sorts of things now, can you blame me. After
Geithner, Patterson, Rubin, Corzine, Spitzer
(there's one I can't get thisrehabilitation,
proceeding apace in Newsweek)Pritzker didn't
make it,yet,

patch

By what date will the NY Yankees and NY Mets be mathematically out of the pennant race?

I've got July 4th in the dead pool.

clarice

anduril--I've seen that before but it always takes my breath away . How do they practice for these things? How did they know the suits would work? How can I make sure my daredevil granddaughter never sees this?

laura

Clarice,
I can't figure out how they learn to work these things. I guess they could practice with a free fall out of plane, but when they jump they are so close to the cliffs with all sorts of weird wind currents. And they go so fast. I think they look like bats more than flying squirrels.

Charlie (Colorado)

I'l say they look bats.

narciso

Here's an interesting take on Spitzer and AIG, in the Daily Beast. I know ordinarily I wouldn't go there, but it's Edward J. Epstein, who wrote that book on the origin
of the drug war, that M. Simon surprising
wasn't that familiar with

MayBee

The WH is having a briefing today on the Swine flu. This feels so contrived, for them to be involved so early on a flu outbreak.
They want us to pay attention to it, and not to something else. Very odd.

Ignatz

-The WH is having a briefing today on the Swine flu. This feels so contrived, for them to be involved so early on a flu outbreak.
-

Maybee,

Clearly this Swine flu outbreak is an Israeli black ops to frighten moderate Muslims so why wouldn't the WH be concerned?

Danube of Thought

Anybody seen any recent polling on torture/prosecutions?

Any ideas on how Obama could defend against charges of war crimes in his Predator strikes in Pakistan?

laura

Maybee,

The health plan for instance.

PaulL

The gliding clearly is more than a wee dangerous:

One of the sport's most famous practitioners, Shane McConkey, died last month at 39, while wingsuit-base-jumping-on-skis in the Dolomites.

PaulL

Any ideas on how Obama could defend against charges of war crimes in his Predator strikes in Pakistan?

Who would bring charges? Democrats aren't evil people, only Republicans, so when Democrats do something like this it's just one part of an amazingly complicated puzzle with no single good solution.

Charlie (Colorado)

I'll have a piece on swine flu, and how panic pays, in PJM tonight/tomorrow.

As far as the White House talking about it, I don't think they could avoid it now that it's been pushed all over the press.

Charlie (Colorado)

The health plan for instance.

Oh, I'm sure there will be all sorts of people using this.

- Anti-immigration people will use this to say we need a 50 foot wall at the border

- the O's will say "this is why we need universal health care"

- Bookworm and others are already suggesting it's al Qaeda.

Upcoming: Hugo Chavez will suggest the CIA took it o Mexico with Obama's trip.

MayBee

Thanks, Charlie. I'd say the WH helped push it all over the press. Yesterday afternoon they issued a statement saying Obama was not in danger of getting Swine flu.
Friday they had a big push on it as well. So they are unable to avoid something they created, I think.

(Visiting the US after they closed the schools in HK was life-altering for me. As was returning to HK and watching the US press continuing to scare Americans about it. )

jorod

Torture issue is a red herring. The real issue is Obama's tax and spend policies. How nuch??When??

Danube of Thought

PaulL, I sure don't expect anybody currently in sight to bring such charges. I just am curious as to what his theoretical legal defenses might be.

Also, should his AG go forward with prosecutions, remember that the worm turns continuously, and sooner or later we'll have a GOP administration. I think if this thing goes much further, our side is going to develop a short list and a long memory.

Original MikeS

Any ideas on how Obama could defend against charges of war crimes in his Predator strikes in Pakistan?

How about when he ordered the homicide of the 3 children who shared a life boat with Capt. Richard Phillips?

Danube of Thought

Summary of War Crimes as defined in the Geneva Conventions:

"The 1949 Geneva Conventions, which codified IHL after World War II, also marked the first inclusion in a humanitarian law treaty of a set of war crimes—the grave breaches of the conventions. Each of the four Geneva Conventions (on wounded and sick on land, wounded and sick at sea, prisoners of war, and civilians) contains its own list of grave breaches. The list in its totality is: willful killing; torture or inhuman treatment (including medical experiments); willfully causing great suffering or serious injury to body or health; extensive destruction and appropriation of property not justified by military necessity and carried out unlawfully and wantonly; compelling a prisoner of war or civilian to serve in the forces of the hostile power; willfully depriving a prisoner of war or protected civilian of the rights of a fair and regular trial; unlawful deportation or transfer of a protected civilian; unlawful confinement of a protected civilian; and taking of hostages. Additional Protocol I of 1977 expanded the protections of the Geneva Conventions for international conflicts to include as grave breaches: certain medical experimentation; making civilians and nondefended localities the object or inevitable victims of attack; the perfidious use of the Red Cross or Red Crescent emblem; transfer of an occupying power of parts of its population to occupied territory; unjustifiable delays in repatriation of POWs; apartheid; attack on historic monuments; and depriving protected persons of a fair trial. Under the Geneva Conventions and Additional Protocol I, States must prosecute persons accused of grave breaches or hand them over to a State willing to do so.

"The grave breaches provisions only apply in international armed conflicts; and they only apply to acts against so-called protected persons or during battlefield activities. Protected persons are, in general, wounded and sick combatants on land and sea, POWs, and civilians who find themselves in the hands of a state of which they are not nationals."

What crime(s), if any, has the Obama administration committed? Some litigator or wannabe litigator needs to parse this--I myself need to get breakfast.

MayBee

Good news!
Detroit Lions pick cutest QB in NFL draft!

JM Hanes

I think it hit the news because someone the President shook hands with in Mexico died of swine flu the very next day. Make of it what you will. ;-)

Rick Ballard

OMS,

They weren't just children, they were the ripening fruit of hope among black muslim teenagers throughout Africa, striking a blow for reparations for the white man's greed which has put the world in need. President Obama's casual slaughter of young blacks seeking to redress ancient wrongs through entrepreneurial activities suggests that he really wasn't listening very carefully to the Right Racist Reverend Wright as he spouted his filthy bilge, week after week for twenty years. It's rather obvious that the President is unwilling to impose the dreams of his sperm donor in an evenhanded manner.

narciso

Well, they would try to latch on to the civilians and undefended localities the subject of attack angle, since sometimes
these strikes hit civilians; those wedding
parties with tracer fire on the Syrian/Iraq
border come to mind.

Charlie (Colorado)

I think it hit the news because someone the President shook hands with in Mexico died of swine flu the very next day. Make of it what you will. ;-)

Yeah, from the Bloomberg story. Only, apparently, the guy died of a heart attack. But I agree, I think the WH denial was reacting to the Bloomberg story.

Thomas Collins

Well, on the cutest male issue, MayBee, I have no opinion. But in terms of pro potential, do you think No. 1 Georgia man is a better bet than No. 5 USC man, whom the Jets gave up a lot to secure?

kate

DOT-Haven't seen much polling which suggests that the media polling outfits are not getting the results the want.

However, since the way the question is worded will have a significant impact on the result, I expect we'll see some next week after they sufficiently tweaked their questions and samples to get the results they want.

If anyone had told me in the days, weeks, and months following 9/11, that we'd be considering prosecution of officials and interrogators for harsh treatment of the main terrorist operational planners, I would have laughed.

Danube of Thought

I did hear a report of a CBS poll in which the question was "when it comes to torturing prisoners, do you think the ends justify the means." Seriously! But even as loaded up that way, the results were quite mixed.

Danube of Thought

First question I would raise in defense is whether this is an "international armed conflict," which it appears to me it is not.

Danube of Thought

This is from "Principles of International Law Recognized in the Nuremberg Charter and the Judgment of the Tribunal":

"(b) War crimes:

Violations of the laws or customs of war include, but are not limited to, murder, ill-treatment or deportation to slave-labour or for any other purpose of civilian population of or in occupied territory, murder or ill-treatment of prisoners of war, of persons on the seas, killing of hostages, plunder of public or private property, wanton destruction of cities, towns, or villages, or devastation not justified by military necessity."

What's his defense against murder?

Charlie (Colorado)

Boy, that list of war crimes sounds like the Palestinian and al Qaeda field manual, doesn't it?

kate

WAPO just put out a poll that had Obama's approval at 69%. The write up was rather bland though, so maybe they don't believe their own poll.

The questions on release of the memos and prosecution on Bush officials was mixed and far below Obama's approval on other issues.

So there exists an opportunity for Republicans to get out in front of this issue.

In a sane world, with even a minimally objective media, I think Congressional hearings could work well for the Republicans and show the Dems for the unserious fools they are. However, after the Bush Administration lost the PR control of the 9/11 commission, I'm not sure.

Remmber how the Terrorist Surveillance program morphed into the Domestive Evesdropping Program.

We have to start winning a few of these.

Try Hang Gliding

"The Coolest Thing..."

I guess that's kinda cool. But I know a better way to do it.

Feel free to visit (you can scroll pass the family photos)

Semanticleo

"that we'd be considering prosecution of officials and interrogators for harsh treatment of the main terrorist operational planners, I would have laughed."

It is amusing that you find it laughable.

That's the peculiar thing about humor.

Pranksters often find giggles at the expense of others, only to reel in outrage when that same mischief is visited upon their person.

PeterUK

That certainly puts waterboarding into perspective.

Captain Hate

In a sane world, with even a minimally objective media, I think Congressional hearings could work well for the Republicans

I wish I could be optimistic but I'm not; the donks presented everybody with a beyond-a-shadow-of-a-doubt instance of putting politics over security when they bitched about Homeland Security not being unionized and they reaped no negative consequences from it. I'm not sure what that illustrates more: Inability of Repubs to effectively get the message out, how in the tank the MSM is or just how apathetic the voting public is about security issues.

Speaking of ineffective individuals, what exactly has Michael Steele been doing lately to promote the elephants?

clarice

Scroll thru to almost the end of that story and tell us how many people in it identified themselves as Republicans. As I recall it was dew and the Post spun that as a huge drop in the number of Republicans..Hmmm

Gmax

BTW Obama down to an overall
+ 9 in approval rating at Rasmussen. While only tying the lowest he has been, its significant in that it had spiked up earlier this week and of course we are going to get the jillions of stories on how popular he is. He still has a majority of support, but its becoming every more tenuous and eventually he will have to start governing and making some decisions that even Democrats wont like. There is no doubt in my mind that he is headed to very low approval ratings at a very accelerated rate. Buyers remorse is setting in and the car has just made it into the driveway.

Ignatz

-Pranksters often find giggles at the expense of others, only to reel in outrage when that same mischief is visited upon their person.-

It's only Sunday but I suspect we already have our winner for lack-of-self-awareness comment of the week.

Semanticleo

"It's only Sunday but I suspect we already have our winner for lack-of-self-awareness comment of the week.'

See what I mean about humor? It's subjectivity requires me to laugh when Bush head-dodges a shoe, while y'all see the event as a serious moment in history.

Original MikeS

...they were the ripening fruit of hope...

Aah, but they argue that the end justifies the means.

Well this harsh treatment of agricultural produce is bound to hurt the image of the U.S. around the world.

Original MikeS

...while y'all see the event as a serious moment in history.

? ...??
I had no idea that I felt that way!

verner

Sweatin With the socialists Youtube. Too funny

LUN

boris

"See what I mean about humor?"

It's not like algebra where a negative plus a negative equals a positive.

Semanticleo

"It's not like algebra where a negative plus a negative equals a positive."

Yeah, I doubt humor is quantifiable, but you Pachyderms might find a niche to exploit in yer tortured logic.

PeterUK

Back again Septic? The lobotomy didn't work for you?

MayBee

This is what my boyfriend says about WaPo poll:
For ABC News/WaPo poll...sampling: unleaned D-R-I is 35-21-38; leaned is 53-37.

narciso

There's something odd, in that NY Post
piece, I've Luned yesterday, it's now been
'attributed' to Megan Clyne, a former NY Sun and NR contributor, after having it under the governor's byline, for 24 hours.

kate

Captain, I thought the union business was one of the reasons the DEMS took losses in 2002. Not sure, though.

Remember in order to get to a Ronald Reagan we needed to suffer through Carter, an out of control Congress, the Church Committee.

I beginning to think hearings would be the way to go vice an independent commission or some prosecutions of low name recognition folks snuck through the DOJ as a low risk way to keep the story in the news and smear these officials.

Nah, I want Congressional hearings. But there must be a clearly thoughout media strategy.

Semanticleo

"The lobotomy didn't work for you?"

I didn't like Bush, but I do like the cerebral WH transplant. The rejection drugs you keep trying to deny the current occupant seem to be working and the patient is thriving.

Fresh Air

Gmax--

The Muddle isn't watching Zero right now. I liken this to a muffler shop. You expect to have your tailpipe replaced on your old but beautifully maintained sports car. They don't have the right tailpipe in stock, so they ask you to come back tomorrow. Meanwhile Barry and Turbo, the mechanics, put the car up on a lift and drop the engine. You come back the next day and they've lost half the parts.

The Muddle is the customer. They thought they selected a competent mechanic for the job. Now all they have to do is wait a little while. When they figure out their car is ruined, they're going to be pissed. But it will take a little while to get their attention.

PeterUK

Septic,Stop putting your comments through Babel fish.Use English.

Semanticleo

"But it will take a little while to get their attention."

Yeah, but (chuckle) you keep trying !

Semanticleo

Funny. There seems a concerted effort to avoid using the Bush' word.

PeterUK

"Yeah, but (chuckle) you keep trying !"

Alone in the attic chuckling to the ether.

Semanticleo

I would think you would be quick to invoke
'The Torture Presidunce' as a footnote to all yer comments.

Danube of Thought

"...only to reel in outrage when that same mischief is visited upon their person."

Yeah, but then I didn't murder any civilians.

Actually, a negative plus a negative yields a greater negative. A negative multiplied by a negative yields a positive.

Rasmussen (the nation's most accurate pollster) has Obama's overall approval at 55%. Thirty-five percent strongly approve; 32% strongly disapprove. He's been steadily shedding Independents since inauguration day.

Danube of Thought

Cleo, what's Obama's defense to a charge of murder in Pakistan?

Which is worse, to waterboard a terrorist or to murder a civilian?

Danube of Thought

The Fordham University study ranked twenty polling organizations for accuracy. Rasmussen ranked number one. The bottom five, in descending order, were CBS, Gallup, Reuters, CBS/NY Times, and Newsweek at dead last. The WaPo either was not considered or did not crack the top twenty.

Pagar

While you're enjoying your Sunday dinner that you did not have to grow yourself or butcher some animal so you could eat.

The organizations we track on this site are tax-exempt nonprofits. That means you have the right to know what they're up to. The same rule applies to the tax-exempt foundations that pay their bills.

The Institute for Agriculture and Trade Policy, a Minnesota-based activist group, has accepted a $75,000 grant from the Foundation for Deep Ecology for -- and we quote -- "a campaign to end industrial agriculture."

Media mogul Ted Turner does more with his money than pay salaries for the Atlanta Braves. His own foundation lavishes over $40 million per year on anti-consumer activist groups, including those who advocate confrontation with police.

Take a look at http://www.activistcash.com/aboutUs.cfm
to find out who is working to destroy the American way of life, using tax-exempt dollars, that you are paying for.

Semanticleo

"Which is worse, to waterboard a terrorist or to murder a civilian?"

Well, if Bush and Cheney refuse to testify at the next Church committee, perhaps you will
agree they should be tortured to get the best info, but I think it would be wrong.

narciso

Deep ecology, that doesn't give me a warm and fuzzy feeling. Isn't that the belief
that people are a virus on the planet. WTH
is wrong with these people!

clarice

activistcash is really a fantastic site.

Semanticleo

"Isn't that the belief
that people are a virus on the planet."

...and you disagree?

How does a virus behave? Now compare that behavior to humans. See a difference?

PeterUK

What is worse waterboarding of a Hellfire missile in the heart of your family?
What is it liberals say about due process? Obama is judge jury and executioner.

PeterUK

"How does a virus behave? Now compare that behavior to humans. See a difference?"

What half witted bollocks! The planet isn't a living entity it is the detritus from a thermonuclea explosion. The Earth doesn't give a shit what life form is on its surface,it isn't your mommy it is a piece of galactic scrap.

Captain Hate

How does a virus behave? Now compare that behavior to humans. See a difference?

Yes

PD

while y'all see the event as a serious moment in history.

Your evidence is...?

lurking

Humans use about a millionth of the energy that falls on the earth constantly. Tiny improvements in the efficiency of our use would allow the earth to sustain a much higher human population than it does now.

Leo, humans are good and a good. Would I lie to you?

narciso

We have a winner, surely you don't mean that, you can't really be that stupid

sbw

Gosh, with trollblockr3 you poor people who have needlessly replied to it would never have noticed the original comment... or comments... I can't tell.

PD

How does a virus behave? Now compare that behavior to humans. See a difference?

Yeah. Viruses don't try to commit suicide by eviscerating their own means of defense.

Rick Ballard

"Buyers remorse is setting in and the car has just made it into the driveway."

Gmax,

Carville's "It's the economy stupid." is going to enjoy a comeback. I tend to think that the economy is close to the bottom but I can't quite make a case for an upturn. Right now I'd bet on another 1-2 million job losses over the next three months followed by a very flat period, the length of which I can't quite determine.

The Class of '09 is going to lose their enthusiasm for Dunham fairly quickly. The only saving grace for them is the surge in people retiring. That's only good for about a half million jobs though, about enough to offset one month of losses in the Oconomy. I hope they like mom's basement.

anduril

Earlier and elsewhere I linked a China related article. Here's another, with a different perspective: The Next Great Bubble: China. The author gets into the dynamics of the economic relationship between the U.S. and China in this period of recession. His belief is that China is between a rock and a hard place. Here's the conclusion:

Now China needs to stimulate its economy. It's facing a very delicate situation indeed - which is a nice way of saying that China's screwed. China needs the money internally to finance its continued growth. However, if it were to sell dollar-denominated treasuries, several bad things would happen. Two come immediately to mind:

1. Its currency would skyrocket - not good for China, because it would lose its (relatively) competitive low-cost producer edge.

2. US interest rates would go up dramatically - not good for the US (its biggest customer), and therefore, not good for China.

This is why China is desperately trying to figure out how to withdraw its funds from the US dollar without driving the dollar down. Good luck with that.

And the US government isn't helping: It's printing money and/or issuing Treasuries at a fast clip, and needs somebody to keep buying them. If China reduces or halts its buying, we may be looking at high interest rates, with or without inflation.

The latter scenario worries me most.

Kevin B

On the subject of stupid comments, Anthony Watts has this quote from Henry Waxman:

We’re seeing the reality of a lot of the North Pole starting to evaporate, and we could get to a tipping point. Because if it evaporates to a certain point - they have lanes now where ships can go that couldn’t ever sail through before. And if it gets to a point where it evaporates too much, there’s a lot of tundra that’s being held down by that ice cap..”

Anthony helpfully lists the committees that Scary Henry is a member of.

Fresh Air

Rick--

Zerohedge, bear for all seasons, is predicting a $1 trillion commercial real estate meltdown from refinancing ruin when underwater properties acquired or financed with little equity come due in 2-5 years.

I'm not smart enough to know if there's a way around this. But it does look to me like a bunny hill recovery followed by the mother of all double-dips. Then you've got reverberations to the pension funds who hold the paper on said REITs and commercial properties.

The consumer stuff would be okay until the Bush tax cuts expire. When all the new taxes at every level kick in next year on top of the all-but-certain capital strike, you've got a perfect storm brewing. Consumers may pop out of their moleholes for a while, but the pork being served to the construction workers will only go so far. FWIW, I've also heard states are clearing off old construction backlog like mad right now, and contractors are completely full up already. That means the spendulus will have even less effect that it would have--which wouldn't have been much in any case.

I'm keeping money in cash & CDs until Zero leaves office.

Semanticleo

"while y'all see the event as a serious moment in history.

Your evidence is...?"

Then you think the DodgeShoe game was funny?

anduril

And here's an article from the Telegraph that tries to paint a broad perspective on what's going on in U.S. politics:
Barack Obama's audacity of hype crumbles: As he approaches 100 days in office, the President faces a grim reality check. Paul Mason reports from America's economic front line.

There are three levers the federal government can pull in the face of this crisis: monetary easing, fiscal stimulus and bank recapitalisation. Obama has used all three but so far ineffectively. In each case, he has run into obstacles rooted deep in the US institutional set-up, indeed deep in the country's psyche.

On monetary policy, Obama has remained a bystander to the efforts of Ben Bernanke at the Federal Reserve. Having reached close to zero interest rates in December, Bernanke announced the Fed would print money in an attempt to bring down real interest rates. Then he travelled to the London School of Economics to tell the world to reject the classic policy of "quantitative easing": the Fed would buy private-sector debts, not government bonds. Finally, on March 18, after a fractious argument within the Fed, he relented, adopting the classic form of the tactic on a massive scale. During this 90-day gap between thought and decisive action more than 1.5 million Americans lost their jobs.

Monetary easing is beginning to work, but it ran into the two obstacles that seem to plague the Obama administration: inertia and free-market dogma.

With the bank bail-out, momentum had already been lost because of the presidential transition. Henry Paulson abandoned his original policy of buying up toxic debts on Nov 25. Tim Geithner, his replacement, finally came up with a new plan on March 23. Known as the Public-Private Investment Programme P-PIP), it will buy up the bad debts at a generous 85 cents per dollar, allowing the very banks that are being bailed out to participate in the purchase. It provides a massive hidden subsidy from the taxpayer to the banks, say its critics. And, so far, it has not worked.

The P-PIP draws scathing daily commentary on the US news channels. At the IMF's spring meetings the weekend, the fund's boss, Dominique Strauss-Kahn, placed heavy pressure on Obama to get his act together on the toxic debts. As with Paulson's original TARP plan, what stands in the way of credibility is the principle of avoiding nationalisation – even in part – and the determination to resolve the crisis on terms favourable to the banks.

If there is a pattern emerging here it is not incompetence but, say Obama's critics, "capture". Both Bernanke and Geithner stood at the heart of the Bush policy elite during the days of dither and denial that followed the collapse of Lehman Brothers. Obama, lacking credible economic heavyweights in his own circle, was obliged to reach into the ranks of Clinton-era Democrats. The irony of Larry Summers' appointment as chief economic adviser was not lost on historians of the credit crunch: Summers had hailed the 1999 law that deregulated Wall Street as "a major step toward the 21st century".

Obama is surrounded by decision-makers who had "drunk the Kool Aid" during the subprime bubble and were profoundly committed to the neoliberal ideology of self-regulation that has now fallen apart. Only the fiscal stimulus truly bears Obama's chosen brand values of audacity and untaintedness. But this, too, is proving heavily problematic.

In January, two Left-leaning members of Obama's transition team laid out radical objectives for the stimulus plan. It would "create or save" between three and four million jobs by the end of 2010 and boost GDP by 3.7 per cent. It would be delivered not primarily through tax cuts but by public spending. And, though construction and energy would account for a quarter of the job creation, more than a million extra health, education and social care jobs would be created, together with 800,000 public sector jobs saved at state level.

The implication was clear: the whole shape of America would begin to change. The stimulus would achieve the administration's social objectives as well as a raw macroeconomic boost. But this has now run up against reality.

In the first place, the mechanisms for turning public money into private-sector jobs are as crumbly as the concrete that holds up America's freeways.

I'm not saying I agree with it all, but I am seeing that perceptive commentators from diverse political and economic backgrounds are increasingly coming to the conclusion that all is not well in Obama-land.

PeterUK

KevinB,
A wonderful picture of ships sailing through the tundra via the North West Passage.

PeterUK

"Then you think the DodgeShoe game was funny?"

With Obama selling your country down the river,it is utterly inconsequential.
They don't let you vote do they?

Rick Ballard

"FWIW, I've also heard states are clearing off old construction backlog like mad right now, and contractors are completely full up already."

Repair and maintenance, even long deferred maintenance, just doesn't involve the manpower from planning through completion that a green field project does. Neither does the "energy efficiency" garbage that Obots babble about.

The Class of '09 is going to find out the value of Obabble in about six weeks.

Gmax

SBW you speak the truth. I never see the pest either. What a wonderful device! Whatever are you folks waiting on? If Cleo cant get a response cuz no one reads or even SEES the blather, wont that be a better America?

centralcal

DoT: In the Fordham listing, ABC/Wapo came in at 14th place.

Gmax

Fresh Aire

I will be absolutely shocked if the commercial real estate melt down is held down to only $1 trillion. The idiocy that ran amuck in 2004 to 2007 will need to be dealt with, as the notes mature, which will be 2009 to 2012 in large measure. We will spend another two or more years cleaning up after that parade.

jimmyk

Good news:

Cruise ship fends off pirate attack with gunfire

An Italian cruise ship with 1,500 people on board fended off a pirate attack far off the coast of Somalia when its Israeli private security forces exchanged fire with the bandits.

[Msc director] Pellegrino said all Msc cruise ships around the world are staffed with Israeli security agents because they are the best trained.

So there's a shocker: Armed security forces can totally protect a ship from pirates. Who'd a thunk it?

matt

1. The Australian last week published some very interesting data showing that the Antarctic ice cap is growing significantly. The Arctic apparently experienced one it's coldest winters in quite a long time. If Waxman was smart, he would wait 3-5 years to see if there is a trend.

2. Some of my friends in commercial RE are worried about that bubble. Leases in business parks are way down with lots of empty space, and companies are cutting way back. With all of the BK's mall operators are getting nervous. Prices in commercial got pretty ridiculous as well, and much of the new space was in areas like Las Vegas or Stockton that are now taking it on the chin.

Overpriced and overbuilt. This will be the next problem area for the economy, and the Fed and govt's tools are pretty well used up now. However, for the investor the deals are very attractive and will become more so. That's the beauty of capitalism. markets find their own levels.

Part of the problem with residential RE now is that so much is tied up because of moratoriums, understaffed banks, excess inventory, etc...huge amounts of inventory are just sitting at the moment.

The greatest stimulus would be a high colonic that flushes the property back on the market in carefully selected markets. Start with the healthier ones and then build up to the problem areas like Vegas and parts of California. There is pent up demand at the right prices.

Semanticleo

I love TrollBlocker. Won't someone send the blessed thing to PUKE?

Danube of Thought

Since you're evidently afraid to answer the question (surprise!), I'll ask it again:

"Which is worse, to waterboard a terrorist or to murder a civilian?"


Daddy

Anduril,

Thanks for the link to the cliff-soarers. That is truly amazing.
Years ago, during a lull in the training pipeline in San Diego, I started taking Hang Gliding lessons on the sand dunes in Cantamar, Mexico. After a few weeks started doing Poway and other local San Diego spots for novices, and eventually bought a Wills">http://www.willswing.com/prod1.asp?theClass=hg">Wills Wing 177 Harrier Hangglider. It was good technology at the time (@1981) and flew beautifully.
Was not allowed to do Torrey Pines because you had to be I think a Hang 4 Rating at the time, so only did that 1 time sneaking in at night under a full moon with my instructor buddies, and that was wonderful and easy because of the gentle, consistant airflow.

Eventually wound up doing Mountain Flying from popular California sites; Lake Elsinore, Dead Horse Canyon, Riverside, etc. There the launch is way up high (Thousands of feet) and always there was a lump in my throat just at the moment of takeoff, always wondering if I was going to generate enough speed for lift, or drag a wingtipe, etc. But the moment you caught lift and got airborne and shot upward was spectacular. From that exact instant after launch, everything about the experience was wonderful.

Anyhow, what I meant to mention was how it affected my dreams. For months afterward I was always flying in my dreams, not with a kite or anything, but simply with my body, and sometimes controlling altitude by breathing or something else nutty. It had to be touching something deeply psychological inside me I would think to provoke such dreams, as nothing else has ever effected my dreams in that way ever since. Even after almost 30 years I still have one every once in a great while, and always try to not wake up and stay in the dream. Sounds nutty, but whatever. I can only imagine what these Cliff-Soarers dreams must be like, but if they are anything like me, their's must be fantastic. Ahhh, to be a single young man again in this world with a nice case of NAFOD (No Apparent Fear Of Death):)

Jane

Daddy,

You never cease to amaze!

MayBee

Oy! Michael Calderone at Politico:

While the press corps pushes the White House on such matters, Gibbs will often respond to the effect that the American people care more about results than the bureaucratic minutiae. And the president’s high approval ratings may suggest that he has a point – that the reporters may protest a bit too much, and that the public may be satisfied with what it’s getting.

Uh...Michael? May I politely suggest the lack of transparency about such things as actual results is one reason the public gives his presidency such high rankings?

If the WH manages to get published only what it wants published, the chances of good press go up.
I mean, stories about an uber-fashionable wife, a cute puppy, a rockstar reception abroad, and (ahem) signs the economy is recovering and employers are rushing to add jobs will make the President pretty popular, no?

PD

Then you think the DodgeShoe game was funny?

I asked you for evidence to back up your claim. Your response suggests that you have none.

maryrose

cleo:
First off-How is your son doing? I'm asking sincerely...
Second: You like Obama... why am I not surprised. I'll be interested to hear your take on him when we get hit again...

PeterUK

I don't use trollblocker because it is useful to know the hysterie du jour slithering out of the fever swamp. Since Septic has never had an original thought in her life it gives some indication on what is on the tips of their little pointed heads.

JM Hanes

PUK:

I'd have said it's more like watching a cognitive train wreck, assuming you have an interest in psycho-forensics.

clarice

Me, too, jmh--daddy is always amazing me.

Try Hang Gliding

Daddy,

If you ask me you weren't missing much. They don't call Torrey Boring Pines for nothing. Flying back and forth in ridge lift simply doesn't compare to soaring in the mountains.

Pofarmer

"I will be absolutely shocked if the commercial real estate melt down is held down to only $1 trillion. The idiocy that ran amuck in 2004 to 2007 will need to be dealt with, as the notes mature, which will be 2009 to 2012 in large measure. We will spend another two or more years cleaning up after that parade. "

There are apparently several very large Mall companies in bankruptcy now. It's just barely started.

"Part of the problem with residential RE now is that so much is tied up because of moratoriums, understaffed banks, excess inventory, etc...huge amounts of inventory are just sitting at the moment."

Hannity is doing his "Financial Fridays" segment. Anyway, he's got two people that are pretty typical, but seem genuine to help with that segment. They both said that requests for Mortgage changes(or whatever you call them) were coming in much faster than banks could process them. In some cases, you were required to apply on line. There's a pretty good case to be made that foreclosures are being held down right now because there aren't enough people to process them all.

daddy

Thanks Try Hang Gliding,

Good to know that about Torrey Pines, but it was plenty of fun that 1 night. My Instructors were from that old trailer on the top of Torrey Pines and they were the ones pushing me to do mountain stuff so I think they would agree with you. I only flew about a year and a half, then got shipped over seas in the early 80's and fell out of the whole thing and my kite was long gone when I finally got back to the states and got my stuff out of storage years later. Anyhow, great pictures on your link, and I truly do envy you your soaring. Stay safe.

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