forgot password / register

reset password

register

patrick.net

 
#housing #investing #politics #random more»
778,344 comments by 11,475 users, 8 online now: APOCALYPSEFUCK_is_ADORABLE, FP, Goran_K, justme, Kepi, KimJongUn, mell, Quigley
new post

TwoScoopsMcGee's comments

« First    « Previous     Comments 19026 - 19065 of 19,065     Last »

TwoScoopsMcGee   ignore (1)   2011 May 31, 7:08am   ↑ like (0)   ↓ dislike (0)     quote        

state says

Seriously? There are rappers I listen to that occasionally talk about killing cops. There was the Ice-T cop killer episode years ago but the only time you hear about this stuff any more is when Fox news decides it wants to whip up its racist audience

Right.

If Bob Marley was alive and released "I Shot the Sheriff" today, that FoxNews wouldn't be giving it 24-7 outrage coverage and our "moderates" David Brooks and Tom Friedman wouldn't be saying "Freedom of expression is important - but..."

Body Count was - gasp! - 20 years ago already. Shit, I'm an old fart. Great album.

How about Heathers, though...

TwoScoopsMcGee   ignore (1)   2011 Jun 1, 8:50am   ↑ like (0)   ↓ dislike (0)     quote        

I'd love to see politicians forced to pee in a cup.

Probably more coke in there than a mountainside in Peru.

TwoScoopsMcGee   ignore (1)   2011 Jun 1, 11:52am   ↑ like (0)   ↓ dislike (0)     quote        

Love that quote, Corntrolio.

“There’s a large amount of money on sidelines waiting for investment opportunities; this should be felt in market when “cheerful sentiment is more firmly intrenched.” Economists point out that banks and insurance companies “never before had so much money lying idle.”

Wonder if that line was penned by Irving Fisher himself.

TwoScoopsMcGee   ignore (1)   2011 Jun 1, 12:26pm   ↑ like (0)   ↓ dislike (0)     quote        

APOCALYPSEFUCK says

People in their 50s and 60s could buy a house and a vacation home working for the goddman gas company. With benefits. With enough of a base pay to throw the kids in college a little help with tuition.

And, let’s not forget!

They got out of fucking work at 2 PM, earlier if the company knew you were important to the park league baseball team and you had to get in some practice before the big game with the guys from the telephone company.

Now, after being bought, leveraged and resold 26x, the only people who get hired for these gigs are contractors with station wagons from Brazil who work during the day and by night tend bar and try to flip condos with other sorry bastards on the weekends.

(((( ---- POST OF THE YEAR.

I'd add a decade, and say 60s and 70s. These are the same age groups you see at tea party rallies, whinging that corporations are forced to compensate their employees too much these days. Then they go to Red Lobster to spend their early retirement 2/3 last salary + COLA guaranteed pensions as former HS dropout-cum-mail room assistant supervisors and leave a 10% tip to the Server who has a Master's Degree in Biochemistry. Then they go to vote down an increase in property taxes while bemoaning the state of US public education.

TwoScoopsMcGee   ignore (1)   2011 Jun 1, 12:33pm   ↑ like (1)   ↓ dislike (0)     quote        

“Beware the boss who encourages you to buy a house or new car. Mortgages and car payments enslave you to the paycheck that your boss controls.”

The first thing the boss used to encourage me to do at my "First Real Job" as a Financial Adviser? Buy myself a nice car to impress clients. And of course, get myself so helplessly in debt I'd put everybody who walked in the door in a VUL policy with murderous surrender fees.

TwoScoopsMcGee   ignore (1)   2011 Jun 1, 1:02pm   ↑ like (0)   ↓ dislike (1)     quote        

VUL = “Variable Universal Life”?

Yep, generally the only group that benefits from a VUL would be a 70-year old Texas Oilman whose 20-something Playmate wife just had twins. And even he could do better in other products.

Many VULs resemble the Life Insurance version of a pick-a-pay loan. A couple of bad months in the market, and you're underwater. Most people in them don't realize how the combined insurance and subaccount (annuity/mutual fund-like) system works, and find themselves in deep water, fast.

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 5:56am   ↑ like (0)   ↓ dislike (0)     quote        

uestion: What was the main issue in the debates between Abraham Lincoln and Stephen A. Douglas in 1858?
Your Answer: Is slavery morally wrong?
Correct Answer: Would slavery be allowed to expand to new territories?

***D'oh, that was my first answer, but I changed to the broader choice as I wasn't 100% about it ***

Question: If taxes equal government spending, then:
Your Answer: government debt is zero
Correct Answer: tax per person equals government spending per person on average

Sorry, I'm right on this - If government only spends what it takes in, then there would be no debt!

Question: International trade and specialization most often lead to which of the following?
Your Answer: a decrease in a nation’s economic growth in the long term
Correct Answer: an increase in a nation’s productivity

Importing goods from abroad does not NECESSARILY help a nation's productivity. That's a THEORY with BOTH positive and negative evidence for and against.

Question: Name one right or freedom guaranteed by the first amendment.
Your Answer: Right to bear arms
Correct Answer: Religion

DUH! Did not read this well enough, I lept to the answer without reading to the end of the question. I do like my guns.

Question: A progressive tax:
Your Answer: encourages more investment from those with higher incomes
Correct Answer: requires those with higher incomes to pay a higher ratio of taxes to income

A higher tax encourages people to plow money back into their investment in the form of machinery, training, etc, as they would rather delay taking profits until later (when taxes might be lower or the gains amplified over time) rather than pay high rates today, esp. if they already have plenty of money to spend.

There is strong evidence for this, when the cap gains was adjusted in 1986, there was an all time record selling of investments, which quickly returned to normal.

Question: The United States Electoral College:
Your Answer: is otherwise known as the U.S. Congress
Correct: is constitutionally mandated

BOTH answers are correct. The electoral college IS Congress AND Constitutionally mandated.

There was a mild bit of Free Trade/Free Markets bias here. Free Trade and Free Markets are NOT explicitly guaranteed in the constitution, BTW. In fact, Tariffs are the ONLY explicitly mentioned source of Federal Income in the unamended, original Constitution.

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 6:08am   ↑ like (0)   ↓ dislike (0)     quote        

While I was thinking about this, I found a great movie about the MPAA, called "This Film Has Not Yet Been Rated".

Check it out! It's on Netflixx.

The MPAA has no guidelines, has a secret identity review board, and does not allow filmmakers to compare their films with other films. In other words, "How can you give my movie, which features no violence and just one fully-clothed lesbian make-out scene an NC-17, when you gave American Pie that has a ton of partial and full nudity and a guy with his naked butt in the air trusting into a pie, an R?" cannot be argued by filmmakers when appealing the Rating.

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 6:42am   ↑ like (0)   ↓ dislike (0)     quote        

Not a lot of repeat business comes out of Groupon. What business can keep offering 50% off and stay in business?

When people get an $80 meal for $40, they still remember that the two entrees and two glasses of wine plus dessert would normally cost $80.

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 7:36am   ↑ like (1)   ↓ dislike (0)     quote        

Aha! Good point! It will work for museums that have fixed costs where the more, the merrier as any amount offsets the costs, particularly on slower dates. Same with hotels. These are things that people do occasionally.

But if you are a restaurant, people will come for the $40 meal but not return to pay $80 for the exact same meal without the coupon. They may not be able to justify the expense without the coupon. "We can't spend $80 on dinner out every week!" or "It was good, but not $80 good."

I joined Groupon looking for grocery coupons, restaurant discounts, etc. - things I consume regularly. All I got in my email were invites to Belly Dancing Classes, Skydiving, Hovercraft Trips in the Mosquito Infested Everglades, and Lingerie Shops, none of which are useful to me, nor things I use regularly. Nor would I make anybody suffer through watching my hairy ass belly dance in lingerie.

Groupon is great if you have disposable income and are looking to fill up a weekend with a fun activity or two. But I haven't seen anything that saves me money on things I need or want on a frequent basis.

I'm pretty sure when I signed up, my profile didn't match that of a bored Trophy Wife. I was on an extreme couping kick and filled it out with that in mind. As a member of the 25-40 year old white male middle class demographic, I'm not seeing much use in Groupon.

I just checked my groupon-linked email, I got yet another Everglades Boat Tour, 75% off Aqualipo (is that plastic surgery or a spa treatment?), discounts on Medi-Pedi, and Segway rental (that's where I draw the nerd line, that and Dr. Who Conventions).

No coupons for bottles of Newcastle or homebrewing equipment, or $10 off Argentina Asado Grill, or half off a kindle book reader at Amazon.com or $20 off a $200 Newegg purchase or anything else I actually want.

It could be just where I am, maybe it's better in CA... YMMV!

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 8:58am   ↑ like (0)   ↓ dislike (0)     quote        

oddhack says

If Groupon has offers on Dr. Who conventions I might actually sign up. Recently took a side trip to London on the way back from business meetings in Germany and priority one was the Doctor Who Experience (though I wouldn’t have gone to London just for that).

Segways are cool but not that cool.

Yeah, or Sonic Screwdrivers. The most useful pocket tool ever invented in all space and time...

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 9:55am   ↑ like (0)   ↓ dislike (0)     quote        

Cook County resident says

Thanks to such newer media players such as Netflix (patting themselves on the back) the MPAA and the studios are becoming increasingly irrelevant.

What's cool about the movie, in the credits it was partially financed and marketed by Netflixx.

It's a great service, and long overdue.

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 10:58am   ↑ like (0)   ↓ dislike (0)     quote        

Their shouldn't be any grains on that plate. Mammals are not meant to consume large quantities of grain. Grass seed products are blood sugar spiking, minimal nutrient, artery inflaming poisons.

Double the veggies instead.

TwoScoopsMcGee   ignore (1)   2011 Jun 2, 1:56pm   ↑ like (0)   ↓ dislike (0)     quote        

Take the free cookies and run.

TwoScoopsMcGee   ignore (1)   2011 Jun 3, 4:58am   ↑ like (1)   ↓ dislike (0)     quote        

tdeloco says

What business can keep offering 50% off and stay in business? Oh geez… what about supermarkets? I constantly see discounts up to 50% off, and I, or anyone I know, ever buys anything that isn’t on sale… so how does that work?

BIZ MODEL
Those are "Loss Leaders", and is a tried and tested strategy. If a grocery store offers half-off all General Mills cereal, then chances are mommy will buy full cost milk, eggs, cheese, and bread while she's there. Generally, in restaurants you're only buying one meal at a time, not multiple entrees. In a restaurant, if I'm offering 50% off entire meals for a group of people, I'm making very little or even taking a loss in hopes of future business.

So yes, depends on the business. As I mentioned above, GPRNs participating businesses are overwhelmingly luxury service providers like Mud Baths, Manicures, Pilates Classes, etc. - all of which are optional and require disposable income. Going into a double dip recession, is this a good stock to buy? I'm starting to call this company, "Spa-pon".

You can cut out the mani-pedis but you still gotta go to the A&P to buy milk or bread. When SHTF, the first things families cut are "luxury" services like the ones above.

FINANCIALS
GRPN raised more than a billion in capital, including about $900M last January, but then paid back about 90% of it to early investors, leaving the comapny with just over $100M!

Check this out:
http://allthingsd.com/20110602/where-did-groupons-billion-dollars-go/

GRPN churns through more than $100M in expenses, and spends a fortune on advertising and employees. Their business model is very easily duplicated. The vast majority of their staff is sales people. Less than 5% of their workforce are on the tech side. If they grow, will they have to spend even more than they already do on salespeople?

There are also disclosures in the IPO documents of what seems to be serious legal problems that might wind up with the FTC stepping in as well regarding how the Groupons work for both consumers and participating businesses.

IMHO, Groupon is definitely Bubble-licious.

TwoScoopsMcGee   ignore (1)   2011 Jun 3, 7:02am   ↑ like (1)   ↓ dislike (0)     quote        

Business Model easily imitated.

Note also, the target market is not exactly in Sausage Factory territory.

TwoScoopsMcGee   ignore (1)   2011 Jun 3, 11:22am   ↑ like (0)   ↓ dislike (0)     quote        

Here's an news item you'll never see on Faux News (or, on most cable news):

CARACAS, Venezuela – President Hugo Chavez said Thursday he will not to tolerate the presence of Colombian guerrillas in Venezuelan territory, adding that he's confident Colombia's government would in turn capture any opponents conspiring against his government.

"We are not going to allow the presence of any armed group," including rebels, paramilitary fighters and drug traffickers in Venezuelan territory, Chavez said before meeting with former Brazilian President Luiz Inacio Lula da Silva. "We have fulfilled our obligations."

The socialist leader's comments came a day after Colombian President Juan Manuel Santos announced that a top commander of the Revolutionary Armed Forces of Colombia, or FARC, was captured across the border in Venezuela.

Venezuelan security forces captured Guillermo Torres, better known by his alias "Julian Conrado," and later contacted Colombian authorities after identifying the rebel leader, Chavez said. Venezuela announced in a statement that Torres would soon be extradited to Colombia.

...

Torres is the most senior FARC commander captured since 2004. He is on the FARC's general staff, No. 2 in the command chain after the rebels' seven-member secretariat, and is also renowned for composing and performing rebel anthems during failed 1999-2002 peace dialogues.

The United States had offered a $2.5 million reward for the FARC leader's capture.

In April, Chavez deported to Colombia an alleged top FARC guerrilla, Joaquin Perez, who was described by Santos as the rebels' most important operative in Europe. Santos had tipped off Chavez to Perez's arrival in Venezuela from Germany.

Chavez expressed confidence that Santos would prevent enemies of Venezuela's government from hatching plots within Colombian territory aimed at forcing his ouster. "I'm sure that they will not allow conspiracies against Venezuela in Colombian territory," he said.

http://news.yahoo.com/s/ap/20110603/ap_on_re_la_am_ca/lt_venezuela_colombia_rebels

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 6:19am   ↑ like (0)   ↓ dislike (0)     quote        

Or clambo says

Capital is best used where the market sends it, not where the government central planners wish it would go to.

Like Enron shares. MBS C-level tranches promising big returns on NINJA loan packages... or the buying of CDS that bet on their failure. etc. etc. etc.

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 6:24am   ↑ like (0)   ↓ dislike (0)     quote        

QE3 is necessary because the last round and the round before that failed to create the illusion of prosperity and get the Greater Fool Theory into play. And, the government did not fix the underlying causes of this credit-driven recession.

Until those who forged documents using somebody else's (Linda Green) name are sitting in prison, until the government makes BAC, C, etc. sort out the servicing/noteholder issues, QE will not have the intended effect.

It COULD work AFTER these problems are sorted out, because there is still an attitude of no confidence and extreme skepticism in the economy's mechanisms.

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 6:45am   ↑ like (0)   ↓ dislike (1)     quote        

Two Fox News guests Ken Blackwell and Ben Shapiro warn of the liberal propaganda dangers of Elmo and Big Bird in Sesame Street; Hannity agrees.

According to these people, Sesame Street:

* Engenders low expectations (???)
* Engenders gender bending
* Places itself between Church and Family in values creation
* Creates dependency on the government (?!?!)
* Creates an environment where making money doesn't entitle you to it (?!?!)

See for yourself:

http://youtu.be/3Ypsojc5vFg

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 9:01am   ↑ like (0)   ↓ dislike (0)     quote        

Troy says

As for England, they’re fucked.

HousingWatcher says

Latvia has 17% unemployment. While we had a recession, Latvia has a DEPRESSION thanks to austerity. Latvia had a 30% drop in GDP.

It's interesting to note that the countries most hurt by the 2008 Financial Crisis were all into the "Anglo-American" economic system.

Those that were the least hurt, France, Scandinavia ex-Iceland, Germany - were those that refused to buy into the "We can all be rich by increasing Financial Innovations, and by swapping houses back and forth to each other, so forget about the 'old economy'" bullcrap, and instead insisted on developing the broader economy as a whole.

Iceland, Ireland, the UK and US are the worst hurt by the Great Recession. That's no accident, and it ain't the fault of the French.

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 9:23am   ↑ like (0)   ↓ dislike (0)     quote        

True. And much of the Spanish overconstruction was due to their variant of "all these overpriced condos and villas will be brought by rich Britons as vacation homes." Just like every Miami Realwhore thinks that South Americans are eventually going to buy up all the surplus Condos and SFHs or every West Coast realtor thinks about South or East Asians.

After WW2, we had a brief recession because people were worried we'd return to the Great Depression, where would the demand come from?

We insisted on rising wages, on the job training (not "you're on your own training on your own dime and on your own time" like today) for all, and a loose safety net. Since just before the fall of the Soviet Union, capitalists "Clawed Back" old assumptions about laissez-faire, employment-at-will, etc. and since then the middle class has been on the defensive, and steadily giving up ground.

Getting a degree or certificate in the old days showed you had gumption; today it's become a given and taken for granted by employers. The costs of education and training has increased, but the work hours haven't decreased and the wages haven't increased. The two-income family is also taken for granted, problem is much of the extra money goes to child care, a second vehicle, and convenience costs.

Another step in fixing the economy is to completely re-form primary education, so not everybody is absolutely forced to go to college. You can always go to school later if your mechanics training leads you to wonder about physics, Zen of Motorcycle Maintenance style.

We are in a demand crisis, not a supply one. Supply side economics is of no help in this situation.

Companies won't add jobs until their sales growth increases. Revenue increases by cost cutting (layoffs) is not sales growth.

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 9:44am   ↑ like (0)   ↓ dislike (1)     quote        

Troy says

actually every last dollar of that second income is going into either the mortgage or the rent.

Good point, no doubt whatever is left of that second income gets poured into housing expenses.

Over the long term, it makes one-income households very difficult to operate on typical wages. Not just "traditional" dad-working mom-at-home families, but single parents and even singles, period.

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 11:47am   ↑ like (0)   ↓ dislike (0)     quote        

HousingWatcher says

1. Lower taxes

2. Eliminate burdensome regulations (it does not name a single such regulation)

3. More free trade agreements

4. More H1-B Visas (no seriously, this is really in the plan).

Let's see. Yep, looks like typical Monetarist/Fugitive Traitor Free Trader crap to me.

Lowest taxes since WW2 already.

Burdensome regs like the Glass-Steagal act? That didn't work out too well.

We have more free trade agreements with more countries than anytime in US History, but our net trade is almost $1T/year to the red.

H1-B visas are great though, they teach Yuppies not to be too quick about accusing blue collar workers of xenophobia, when they realize the same process that kept their lawncare costs down applies to their own fields of endeavor as well. Unfortunately, Schadenfruede doesn't fix the problem.

TwoScoopsMcGee   ignore (1)   2011 Jun 5, 11:54am   ↑ like (0)   ↓ dislike (0)     quote        

That warmed the cockles of my heart.

More, please!

Anybody wanna bet this cash-paid home is probably listed as a piece of some MBS somewhere?

TwoScoopsMcGee   ignore (1)   2011 Jun 6, 3:27am   ↑ like (0)   ↓ dislike (1)     quote        

tdeloco says

It’s still does not meet the description of a bubble. You guys are simply abusing the word.

True, it doesn't trade yet. But I wouldn't be surprised if the chart after IPO looks like a copy of LinkedIn.

tdeloco says

Which is why what’s important for them is to maintain their market share, which, in turn, is why most of the people they hired are sales.

Right, TD. Question is, how expensive will that marketing be? It's difficult to truly ascertain, and their accounting practices aren't conforming to GAAP, making accurate valuation difficult, but it looks like they spend a huge chunk of change to get the market share they have now:

The CEO of the company, Andrew Mason, wrote a letter to “potential shareholders” for the IPO filing and made an interesting request — that is, he said investors should ignore the marketing costs.

That's a red flag. Here's more - unorthodox accounting:

That’s right. He said the best metric is “adjusted consolidated segment operating income” or adjusted CSOI. It’s a mouthful — but also a red flag. Hey, don’t great dot-coms like Google, eBay (NASDAQ:EBAY) and Priceline (NASDAQ:PCLN) make real profits, which are based on generally accepted accounting (GAAP) standard? Of course they do. They do not have to resort to fancy formulas.

Check out the history of the key personnel over at GRPN.

But if you delve further into the structure of Groupon, you’ll notice that there are two other critically important co-founders: Eric Lefkofsky and Bradley Keywell. They are in their early 40s and have lots of background financing companies.

During the early 1990s, Lefkofsky and Keywell were able to arrange a leverage buyout of Brandon Apparel Group, which focused on clothing for children. But it was a flop and had to be shuttered.

What next? How about a dot-com? So in 1999, Lefkofsky and Keywell launched StarBelly.com, which was for promotional items. Within about a year, they sold the company for $240 million to HA-LO Industries. Keywell became the president and Lefkofsky took the role as a senior officer. Unfortunately, by July 2001, HA-LO filed for bankruptcy under Chapter 11. Of course, there were a slew of lawsuits from angry investors.

But such things were not a problem for Lefkofsky and Keywell. They were able to go on to start InnerWorkings (NASDAQ: INWK), which provides printing services and Echo Global Logistics (NASDAQ:ECHO), which helps with the supply-chain in the transportation industry.

These companies have fared much better. Yet they have not been IPO winners. In the case of InnerWorkings, the IPO was priced in August 2006 at $9 per share. The stock price is now $8.58. As for Echo Global Logistics, the company launched its IPO in October 2009 at $14. The stock is only $0.75 higher.

Granted, many top entrepreneurs have had failures. It’s natural. But the fact is that the Groupon founders have had little success for public shareholders.

All quotes from:
http://www.investorplace.com/44296/groupon-grpn-andrew-mason-ceo-founder/

TwoScoopsMcGee   ignore (1)   2011 Jun 6, 1:47pm   ↑ like (0)   ↓ dislike (0)     quote        

Well, at least the correspondents were females, of majority age.

TwoScoopsMcGee   ignore (1)   2011 Jun 7, 5:48am   ↑ like (0)   ↓ dislike (0)     quote        

The fear of lynching of the rich and powerful captures the imagination, when daily life (see Libya and Syria right now) is full of the mistreatment and killing of the poor and middle classes.

Kind of like how driving is far more likely to kill you than flying in an airplane, but people tend to be more afraid of the latter.

Outside of the most bloodthirsty phases of a long-delayed revolution (which often last mere hours or days at most), massacres of the upper crust are exceedingly rare; not so for the butchery of common people.

I'm no Robespierre, but looking at the history of the world, esp the US, the people who usually feel the business end of a baton, noose or rifle barrel were usually striking workers, Indians, and uppity negroes rather than Daddy Warbucks types. I can't think of one event off the top of my head involving a mob rampaging through Beverley Hills or the Upper East Side dragging random capitalists out for lynchings.

Envy is part of human nature. In every human society, there's an expectation of reciprocity from the members of the tribe who have the most Yams and Salmon. Potlaches, Public Festivals, etc. When the gifting for obedience mechanism breaks down, violence ensues.

Modern Conservatives want their wealth to go wholly undistributed, but continue to expect obedience to the authorities (themselves). They want the protection of the tribe, without the burden of looking after their fellow's welfare in return. Ancient Conservatives were much smarter, and realized that good order required a measure of noblise oblige.

TwoScoopsMcGee   ignore (1)   2011 Jun 7, 6:05am   ↑ like (0)   ↓ dislike (0)     quote        

ChrisLA says

You are just too out of touch with reality.

Klaatu Barata Nicktu.

TwoScoopsMcGee   ignore (1)   2011 Jun 7, 9:40am   ↑ like (0)   ↓ dislike (0)     quote        

You're probably right.

However, for those who understand, let them be wary of the Best Ayn Rand synopsis ever:

"Atlas Shrugged: Part 2 - One hour later"

TwoScoopsMcGee   ignore (1)   2011 Jun 8, 3:31am   ↑ like (0)   ↓ dislike (0)     quote        

After what they saw what happened with Suharto in Indonesia, the Chinese Communist Party decided they would never be victims of the IMF.

So every time the US devalues the dollar, they peg the Yuan accordingly, and keep sending over more goods, and use the proceeds to buy more US Treasuries.

The Chinese are very clever, willing to take a short term hit to achieve long term goals, and are too savvy and united at the top levels to get done like Thailand or Malaysia or Argentina. Note that unlike other developing nations, China is exchanging finished goods, not mostly raw materials, for dollars.

Khruschev may have been on to something, but he got the timing and some details wrong. The Chinese are beating us at our own game, burying us in trash of our own design.

News: "China warns against even a brief default on US debt."
http://finance.yahoo.com/news/US-debt-default-unimaginable-rb-544637721.html?x=0&sec=topStories&pos=2&asset=&ccode

It sounds like what the US tells African and South American nations all the time.

TwoScoopsMcGee   ignore (1)   2011 Jun 8, 5:24am   ↑ like (0)   ↓ dislike (1)     quote        

Or that 200,000 Frenchmen had died in one month - May 1940 - all them apparently shot running away or trying to surrender. About a fifth of the entire French losses in WW1, in just one month.

Speaking of WW1, by 1919, about 5% of the entire French population was killed and 15% maimed for life over the preceding few years.

Americans have never had a third of their country reduced to ash or 5% of their population killed in war, so are in no position to talk. There was a 9/11 every night in Britain during WW2 for months at a time. That will change a public's perceptions of the wonders and glory of war, especially when you find your wife or mother and your infant children blown to smithereens at the bottom of a pile of rubble from carpet bombing after you come back from a 16-hour shift at a munitions plant.

Eating chips and drinking Coors while watching guided bomb footage of a buildings blowing up and cheering over it is really kind of sad, when you think about it. The worst elements of primitive tribalism and modern alienation.

TwoScoopsMcGee   ignore (1)   2011 Jun 8, 5:47am   ↑ like (0)   ↓ dislike (1)     quote        

We busted down your door, dragged you out in underpants and kept you in a car for 6 hours in full view of your neighbors, kept your kids in the house for 2 hours without supervision.

"Whoopsie".

They couldn't knock on the door and speak with the ex-husband?

This still looks like a fraud case, probably she took the loans and ran. Doesn't merit a military-style assault in any case. I doubt she's got grenades and a Gatling Gun where-ever she is hiding. Pretty sad when you need a dozen guys in body armor to arrest a female check-bouncer type.

I wonder if it has more to do with the idea that the moment they don their SWAT trappings, their pay goes up 300% an hour. Then they lollygag around and add 150% to that in overtime. "Hazard Pay". Thanks Taxpayer!

TwoScoopsMcGee   ignore (1)   2011 Jun 9, 1:16am   ↑ like (0)   ↓ dislike (0)     quote        

Kevin says

“There are two novels that can change a bookish fourteen-year-old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”

LOL.

Here's a sad story about a girl and her Objectivist fanatic father:
http://www.salon.com/life/feature/2011/04/04/my_father_the_objectivist

TwoScoopsMcGee   ignore (1)   2011 Jun 9, 5:11am   ↑ like (0)   ↓ dislike (0)     quote        

Boy, you guys came out of that with a completely different take than I did.

I thought it was more about families producing as a unit again, rather than just consuming together, and bringing work back as part of childhood routine/education.

TwoScoopsMcGee   ignore (1)   2011 Jun 9, 2:46pm   ↑ like (0)   ↓ dislike (0)     quote        

Here's a radical case:

Banks have been a problem ever since the first Goldsmith realized all the people who let him hold their gold didn't claim it back either in the full amount nor all at once.

Banking has been the underlying cause of the majority of financial crises, QED. From John Law in 18th C France to Wildcat Banking in the Wild West to Mortgage Backed Securities today.

People have been complaining about usury since time immemorial. Every religion either wants to ban it or greatly restrict it. Usury in the bible is the lending of money between compatriots at ANY interest; no percentage rate is offered as a guideline. C.F. Leviticus, Deuteronomy, the Gospels.

How about we just drop the whole program?

Life goes on without out, huge empires have survived without it. The great mass of the public has done without it for millenia at a time. If the government wants to stimulate, they can put the money directly in the hands of individual actors, we have the technology to do so easily.

Banking would become Full Reserve banking, you pay a fee for the storage of your money and the convenience of writing checks/using ATMs and the security and ease of transaction. That's almost 30-40% of bank profit right now. Without loans and lending, they could easily survive in their new incarnation.

OR, allow fractional reserve banking, but only in the form of Credit Unions and limited to size and scale.

Now that will make homes affordable, reduce consumer prices, foster long-term trust based business relationships, and eliminate a great deal of speculation and exploitation of the poorest.

Furthermore the best minds would have speculation as an a career path eliminated. They'd have to work on Mars Missions and better Lightbulbs instead of "Financial Innovations".

Many said slavery was indispensable and without it the economy would collapse.

Just a thought.

TwoScoopsMcGee   ignore (1)   2011 Jun 10, 6:08am   ↑ like (0)   ↓ dislike (0)     quote        

Sarah's Emails just came out, thousands of 'em, from her time as Alaska gov.

The Guardian UK needs your help to sift through all the "Sheeshes" and ":-)" in about 250,000 pages of emails.

http://www.guardian.co.uk/world/sarah-palin-emails

See how she communicated as Governor of Alaska, why dontcha.

http://www.guardian.co.uk/world/blog/2011/jun/10/sarah-palin-emails-released

TwoScoopsMcGee   ignore (1)   2011 Jun 10, 1:32pm   ↑ like (0)   ↓ dislike (0)     quote        

Below Means says

what she did to fanfic writers).

Had she encouraged fanfic writers, it would make her own works sell better, as those who might have come into that genre via another author would have eventually gone to the source.

Same way I got into 70's hard rock and prog rock backwards from Metal and New Wave. Or read Gorhmenghast because of "Drowning Man", or read HP Lovecraft because of "Call of Ktulu" as a teenager. My favorite artists' favorite artists.

Anyway, another great argument for the looser handling of IP and not having it cover derivative works...

TwoScoopsMcGee   ignore (1)   2011 Jun 11, 4:16am   ↑ like (0)   ↓ dislike (0)     quote        

We don't have a right to drive across country on 4-6 lane highways either.

If you want them, start a corporation to build a toll road to provide them and fund them.

Right?

Taxpayer says

but we expect you to take advantage of the opportunities of education and vocational training laid before you to make yourself useful.

These opportunities "cost money". I see a lot of great opportunities I can't afford. HS diplomas are not the job ticket they were in 1960.

users   about   suggestions   source code   contact  
topics   best comments   comment jail   old posts by year  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home