We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Our Recent Essays Behind the Front Page
Saturday, March 15. 2008
I am heading up to Stowe right now, our Vermont Yankee webmeister's home town, to ski tomorrow until my legs fall off. Spring is in the air, so ya gotta get it while ya can. Hope they have a case of Coors Lite cooling in the snow for me to cure my road buzz. Photo of Mt. Mansfield. Nice skiing, when the crowds go away. As they do, on the Ides of March. Here's some good stuff:
Lost u-boats found in the Black Sea.
Where is Michael Moore? Who would flee Paradise? Me, for one.
Re paradise, my Massachusetts tax paradise. Why do I live here, anyway? Sentimental, that's why. It's home. Just like beaten women who don't leave their husbands.
Why global economic inequality? Stumbling. Who cares, really? Money isn't everything. By American stats, I am poor, but I love my life. I just need a wifey, or a solid gal friend - preferably one who I can love, and who can make the big bucks.
My ancestors knew how to deal with jerks. Cowards die once, twice, or whatever.
But now, in my ancestral homeland, you can make money via polygamy. Cool. When can we get that progressive in the USA? with ten of them on the dole, life could be just fine. Shameful and disgusting, but profitable...
Religion and Dem politics? The Corner.
More on Social Security. Even if you are young, it comes on fast.
The WaPo makes an ass of itself. Dem Project. So many of my press colleagues are stuck in a past that they are too young to remember.
Obamagate II. Politicians are such schmucks. As a rule of thumb, only a fool would expect anything good from them. Being humans, they have their own agendas but, being politicians, they tend to have no morals.
Antisemitism is the cool new global thing.
Great butter. I like the Danish stuff. Good cows.
Dems having good fun with those FL and MI votes. It's ugly now, but somebody will make a deal. "What do you want?"
Mis-matches mess up "minorities." I have seen this.
Update on the whores in the Netherlands.
More on the Pentagon's report on Saddam and terrorism. Powerline
Leadbelly. The last tune is the best.
Speaking the truth could be criminal in progressive Finland. How nice for them.
Photo: Conservatives Retain Control of Iran. Bet that Reuters guy liked writing that headline! As the News Junkie puts it: So many of my press colleagues are stuck in a past that they are too young to remember. What's News
Weblog: Liberty Peak Lodge
Tracked: Mar 16, 06:03
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B.Hussein Obama is now decrying the racial aspects beginning to crop up in the campaign due to what his preacher bellows from his pulpit.
BHO is telling us we must overcome that . Hah.
Well asshole you were the one who sat through 20 years of this guys rants and ADOPTED him as YOUR mentor. That can only mean, and I mean ONLY mean that you bought into his black liberation theology that focuses on those who are perceived as oppressed and/or poor AND BLAMES the white race for the ills of the oppressed. There can be NO other explanation.
Obama you have been unmasked as quickly as Bear Stearns went bankrupt. Do you think for a minute white America is going to put a black in the White House who believes in black liberation theology...wait until the word spreads and an understanding by the masses develops of what that means. When that becomes general knowledge and you'll be work'n a crowd of five at Joe's baked bean diner in ButtF*ck, Montana.
It gives a lie to all you have been saying. I've been calling you a pimp and a empty suit since the beginning and it's only partially because I'm a racist. I've worked with your kind and I can see the deceit from the get go.
Saying "It reminds me: We've got a tragic history when it comes to race in this country. A lot of pent-up anger and mistrust and bitterness. This country wants to move beyond these kinds of things."
The lies outta your mouth.."move beyond these kinds of things "...you've been filling up on them weekly by a jerk do'in the angry nigger act since you were in high school and you expect me to buy into that lie..''because you're so smooth at telling it? Not me bad man. Maybe some rube who can't read or write but no,no not me....so just leave..go back to Rezko and do more street drugs..just get the f*ck away.
The Great Obama from Powerline today.
If we take Obama at his word, his relationship with Wright was not pure opportunism. Rather there was an affinity. What was the nature of that affinity?
I think we should stipulate that it was not Wright's most extreme racist and anti-American pronouncements. But it also seems clear that it was not traditional Christian belief either. Obama was not looking for that -- indeed, he had rejected traditional Christianity before encountering Wright. As just noted, Wright brought him to Jesus. More precisely, Wright's brand of Christianity accomplished this.
What is that brand? According to Wright (for example, during his contentious interview with Sean Hannity last year), the brand is liberation theology. Liberation theology sees the Christian mission as bringing justice to oppressed people through political activism. In effect, it is a merger of Christianity with radical left-wing ideology. Black liberation theology, as articulated for example by James Cone who inspired Wright, emphasizes the racial aspect oppression
Obama you are just a half step away from being another Stokley Carmichael, Huey Newton or Eldridge Cleaver and all the Black Panthers of the 60's..you're a frigg'n nightmare.
New Economics defies Gravity
Place your bets ladies and gentlemen on how big a retirement/golden parachute the head of Bear Stearns walks away with after the fatal blows are struck and it becomes a ward of the state. $150 million?,, $175 million?....pick a number. It's a new American custom that if you drive your company into bankruptcy you get a huge reward...what a great country.
Why can't the Fed just let Bear Stearns collapse?
Typically the Federal Reserve bails out struggling commercial banks, but because Bear Stearns is inextricably linked to a huge number of institutions, a failure could cause "a ripple effect,"
They fall into the too-big-to-fail category What a sick system. Companies that you have no investment in ,nor part of in any way end up costing you money and the insult of making some jrk wealthy beyond you wildest dreams.
The discovery of anti matter and defying gravity by becoming too big to fail thus leaving the taxpayer footing the bill while jetting off to Telluride is the turd who did the evil deed. I read a good deal here and other places from folks saying in essence , "good for them" they took the risk etc etc....yeah they risked your money schmuck, lost it and rewarded themselves...that's not the way capitalism is suppose to operate...socialism maybe but not capitalism.
snip from WSJ editorial, March 15, 2008:
"...if taxpayer funds are going to be used to rescue Bear, then Bear's private actors need to accept their own form of discipline.
This includes Bear's equity owners, who deserve to endure major losses, if not lose their entire stake, in any sale. The discipline should also apply to Bear managers who got the bank into this mess. They should be fired, without bonuses and golden parachutes to the extent that is contractually possible. If bankers believe they can make bad investments and still emerge with enough cash to buy another beach house, the financial system will never have enough discipline.
Looking ahead, regulators need to anticipate these liquidity bank runs, not merely react to them."
New Banana Republic developing between Canada and Mexico..say tuned
BSC's stock closed yesterday @ 30. A year ago it was 160. The rough hand of justice is slowly squeezing the boom excesses from the system.
But keep in mind, since October of 2002, when the expansion began, the Dow, Naz, and SP500 are up respectively 64, 99, and 66% (this after the 12 to 16% haircuts taken since the top a few months ago).
I don't have much time because I am heading off to Chicago for a business trip.
There are many issues here and it is very complex and there is systemic risk here.
The world has gone through a massive leveraging of all types of assets - in part driven by the need to obtain return in a high value low yield world. One contributing factor was low interest rates for too long.
Hedge funds was one area where this dramatic increase in financial leverage was employed. The Carlye fund that just went bust was levered 32:1.
The assets of these funds are margined and pledged to the banks as collateral. The banks make money by creating and selling the product and by financing the fund. This all works great when asset prices are maintain their historical prices. Stability of asset prices are key. Volatile assets cannot be levered as much. Now we are seeing historically stable assets have volatile prices.
Embedded in every secured loan is a put. If asset prices decline and the fund can't meet the margin call. The assets are essentially "put" to the lender via default and foreclosure. Now the problem the fund had becomes the problem of the bank.
We are seeing a massive deleveraging as asset prices decline. One of the risk that Bear Stearns represents is systemic risk and that is why JPM and the Fed intervened.
At various time anthropologists have placed mans beginning in China, Europe and the savannas of Africa. Where the local hot spot is I haven't a clue except to say I also hear that since they can't figure it out they've compromised on simultaneous development in several areas..that's cool..Here's my crushing question. Wiki tells me DNA evidence indicates that modern humans originated in Africa about 200,000 years ago
Why is it after 200,000 years do Africans remain tribal, ignorant, and generally 200,000 years behind the curve ?
Hell, they've been here longer, on a continent with everything needed to get ahead, so why are they retarded in the sense that they have made such little progress?
It makes no sense to me unless you ascribe it to them being generally an inferior race. There are physiological and psychological differences as well as intelligence differentials that are calculable, even using ebonics. This we know. So what gives, seriously.
Someone bring in a Bible verse or a Lincolnesque saying, perhaps Carl Sandberg, to help me understand. Please I'd love some insight into what exactly has kept them at arms length from modernity. Colonial Africa was seeing some strides being made but after the "Great Freedom" movement, bang , back into the loin clothes and spear hunting phase...
(please save the "Habu that is so reprehensible it doesn't warrant an answer etc" It most certainly does and must somewhere have an explanation extant)
that's easy -- hard winters create all sorts of technological needs that don't exist in equatorial zones.
And lions and leopards, rhinos and elephants, hippos and crocs all pose a mortal danger...so why didn't they invent something other than the spear? Like gunpowder and rifles? I don't even think they managed to get to the leveraged atlatl stage, developed by the native American Indian. Did they even develop a bow and arrow?
Political Correctness chilled the answer and made verboten any discussion of Charles Murray's, "The Bell Curve" but there is a vast body of scientific evidence that points to race as a major component of IQ and Intelligence. Look at some of the charts on IQ world wide and you'll see that Africans are luck to remember to exhale. They simply lost in the world's intelligence gene pool in favor of having a 38 inch verticle leap. ie White Men can't jump..blacks can't add or subtract....
The Bell Curve: Intelligence and Class Structure in American Life
on Wiki http://en.wikipedia.org/wiki/The_Bell_Curve
Race and intelligence... Wiki .. with charts
Charles Darwin and Herbert Spencer are also excellent resources. But remember you can't discuss this topic in the United States under penalty of being PC'd to death.
Whether Murray is correct or not, it doesn't account for the civilizational/technological "delay" in Africa.
Can anyone name an African nation that has been governed well? Zimbabwe is an exellent example of a failed state, but was once, one of the richest countries in Africa. The African continent has so many resources available to use to better the way of life for everyone, but no one will invest because of the corruption, and the Africans can't do it on their own. But, that is all the fault of the white man. Prior to the beginning of colonialism and the slave trade, some people would have you believe that Africa was a utopia. No war, no one hungry, everyone a king or queen. There does need to be a real discussion of race in this country. In one of the earlier comments, the writer stated that one day race relations will explode if we don't. It has to be talked about both ways to be a discussion, and only one side right now is allowed to talk. That is a lecture, and I for one am tired of being lectured to by acusing people who say that because I am white I am responsible for all the ills in the world. If you want to blame me for the wrong, you have to give me credit for what is right.
Well, there's always two ends of a thing, and if one end is PC, the other has end is whatever it is we're spose to DO about the racial-IQ bell curve. I think Hebrews are on top anyway, followed by the Japanese or Chinese. North Europeans are probably middling, with Arabs in the caboose. But, so what? It still doesn't mean a thing for individuals.
What is amusing about Obama/Rezko/Auchi is that the 'once removed' from the supporters of tyrants, terrorists and the mafia (both old Italian and new Red) is just the latest in a series of 'once removed' associations of Mr. Auchi with high level politicians in: UK, France, Syria, US, Italy, and Canada.
That is the sort of analysis that no longer makes it sweetness and light trying to point out the corruption of merely small time Chi-town pols but gets into the old 'international influence peddling' business at the scale of tens of billions of dollars. Looking at that (http://ajacksonian.blog spot.com/2008/03/connecting-some-dots-between-candidates.html) and then seeing the finger-pointing brings up the lack of finger-pointing at many, many, many more individuals. Including other Presidential candidates from both parties.
Looking at the ties between corrupt banks, offshore financial institutions lacking accountability, terrorism, organized crime, and politics leads one into all sorts of nasty side-alleys that those doing partisan reporting and analysis just will not go into over the long haul.
Looking deeper at those ties sees individuals who have gotten control of such things as the central asian ex-Soviet Republics oil and natural gas concerns and are using them to go after Iran... not for the benefit of the west, but due to the fact that the Red Mafia in control of those ex-Soviet supplies have entry into the Iranian market, have scoped it out, and realize they can run the place better than the current regime.... at least where oil and gas is concerned.
Shift to the other side of the planet and we can remain witness to the Bank of New York scandal that is so complex, so deep, and has so many 'cut outs' on deals (both mere paper and fraudulent banking of the electronic sort) that the best investigators on this sort of thing still, to this day, have not leveraged charges beyond more than a couple of local operators in the US and UK. This for a banking fraud system that came to span from China to San Francisco going west... that set of associated systems dwarfs: BNL, BCCI and, really, any other single banking fraud in the modern world and parts of it, especially the Russian and off-shore parts set up as 'tax havens' and having little to no accountability, not only continue on to this day but have supports in the tax code and banking system.... mostly put in by a 'bipartisan' Congressional outlook.
If you attack one candidate on this and decry 'corruption' then, please, do the same for the rest and be fair about it. There is more than enough to go around, and each have their associations and problems in this area. Only the 'fringe' candidates appear to have had little to do with this, but then they weren't backed by monied interests, now, were they?
And if you really like to ask questions, then one can ask what the ties are between ex. Gov. Spitzer and Nadhmi Auchi, along with why Mr. Spitzer did not seek to prosecute BNP-Paribas in a timely way. That leads to the Putnam funds in the US and their sudden decline with bits being picked up by the Desmarais family in Canada, also backers of Mr. Auchi. That little problem happened within the 5 years or so, fully under the watch of this President. Looking at that, however, goes beyond Oil For Food and into the penetration of corrupt banking into the US.
Can't have that, now, can we?
AJ, that's a mighty dark corner of the carpet to look under. But there's something there, according to an awful lot of people. I get a couple of e-newletters from respected so-called goldbugs, one of which a few days ago held forth (in part):
"A powerful trend is in progress, the merger of mafias with state governments on a global basis, both East and West, United States and Europe, Russia and China. The United States and Russia are by far the worst offenders. A hidden cost comes from the key Wall Street corrupt agents and key defense contractors within the Fascist Team, who are permitted either gargantuan ill-gotten gains, or free passes on huge losses laced within their balance sheets. Never in modern history has the US state power been so thoroughly interwoven with private mafias, otherwise described as private crime syndicates. Never in modern history has truth been so tarnished. We live in times described by George Orwell. Liberty seems only a word. Be suspicious of lies and beware of an undercurrent of secondary motives almost everywhere, even in the media networks. Maintain a stubborn defiant attitude. Goldman Sachs is a primary liar and deceiver, with phony crude oil forecasts and gold forecasts. Why just last December they claimed 2008 would be a flat year for gold, which went on to set new multi-decade highs. My most concise form of advice is: THINK LIKE A THIEF, since your adversaries are often thieves, and worse, they are protected by the USGovt."
Well, if that ain't enough to run the chills up and down yer back, what is? Not so much the claims themselves but that so many are making them -- believing them. It's common knowledge that the global syndicate flourished under the Clintons but I never thought the Bushies were part of it. Still don't, really. but it's too big for any president to kill.
"Fascist Team" outs your source, boo.
The desire to cover for such a mob of scurlies, me can empathize with.
Dig that cankerous gold and damn the brutes, ay mates?
yep -- you're right -- these things have to be read with a gimlet eye. Those who accuse loudest are very often those who most need to be accused.
The day was not so long ago that a murderer could get his slammer ticket punched for a song.
But the victims were black so rehabilitation came quickly for Hud, one must suppose.