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Monthly Archives: September 2008
The Monetary Base Finally Moves
The Federal Reserve has for a long time eschewed increasing the money supply directly, and instead has manipulated credit to affect the economy and control inflation. This has led to three important things which are in my opinion at the … Continue reading
Posted in Economics, Lance's Page
Tagged Debt crisis, Federal Reserve, leverage, monetray policy, treasury
3 Comments
We are led by little men and women
I was not in favor of the Paulson plan if you haven’t caught that yet. Still, the pitiful display from our congress today set a recent low. First, faced with an unpopular and contentious bill which she feels for the … Continue reading
Posted in Domestic Politics, Economics, Lance's Page
Tagged bailout, congress, Democrats, John Boehner, Nancy Pelosi, Paulson plan, Republicans
1 Comment
The SEC doesn’t get the short end of the stick
If they did, then they wouldn’t have banned short selling. People may have noticed that the ban hasn’t helped, and today we see one of the real costs. See, when markets collapse like today, short sellers dive into the market … Continue reading
The Bailout…
doesn’t look like it’s going to pass the House floor. Update: It failed. The vote was 207-226 against the measure, with one member not voting, half an hour after voting began. Voting remains open even though the “official” time has … Continue reading
…and I want a pony!
Larry Summers and Mark Thoma argue that if done right the bailout will mean we can solve this crisis and still have everything we want, tax cuts, health care spending and all kinds of other goodies. Larry argues: Just as … Continue reading
Posted in Economics, Lance's Page
Tagged bailout, Chrysler, housing, housing market, Larry Summers, Mark Thoma, mortgage crisis
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China Pulls a Lapham – UPDATED
China space mission article hits Web before launch A news story describing a successful launch of China’s long-awaited space mission and including detailed dialogue between astronauts launched on the Internet Thursday, hours before the rocket had even left the ground. … Continue reading
Scamming
Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had a crisis that … Continue reading
40 Years (a Haiku)
It is not so much, And Time stands alone for a moment. Fall begins.
The Big Lie of Being Nice
Outside the Beltway“It’s quite possible, though, that we’ve simply created a culture that values sparing hurt feelings over individual freedom of expression.”
More Big lie – the False Patriot
Stop the ACLU“but that pretended patriotism which so many, in all ages and countries, have made a cloak of self-interest.”
More Big Lie Perspective
Ross Douthat Even among Christians, there were disparities. While 36% of those belonging to the United Church of Christ, Sen. Barack Obama’s former denomination, expressed strong beliefs in the paranormal, only 14% of those belonging to the Assemblies of God, … Continue reading
The Marxist Drumbeat of the Left
Brutally HonestThe drumbeat – the phenomenon of the big lie. It’s the drumbeat of the left. It is political, philosophical, theological, and social. It pervades every activity. It is post-structural, post-modern, post-everything in the parlance of the day. It is … Continue reading
Posted in MikeR's Page
Tagged Domestic Politics, great experiment, Liberal Left, marxism, Philosophy, sheeple
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Consumers get credit for their part in the debacle
Washington PostThis is not good news for consumers. Reminds me of Phil Gramm’s “whiners” comment. “Wall Street has lived beyond its means, but so has Washington. Both did so, in part, because consumers and voters on Main Street wanted it … Continue reading
Posted in Around the Web, MikeR's Page
Tagged bailaout, budget deficit, Economics, intervention
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Against all of that stand these two.
InstapunditBill Whittle talks about McCain and Palin and their stand against a Legion of Narcissists and a Confederacy of Despair – the Liberal Left.
Posted in Around the Web, MikeR's Page
Tagged Domestic Politics, patriotism, the Ring
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Les Miserables
You know, I’m a little tired of all of the snide comparisons of Ike and Katrina, in particular the comparisons of New Orleanians to Houstonians. Why is there almost no news coverage of Ike’s aftermath vs. that of Katrina? For … Continue reading
Posted in Uncategorized
1 Comment
Short of Wisdom, Common Sense and a Grasp of Reality
The hedge fund industry is feeling gloomy, and so is Mayfair. Meanwhile our government is considering following London’s lead and making their lives even more difficult, by banning short selling for a while. Yep, Fannie would have been just fine … Continue reading
Posted in Domestic Politics, Economics, Investing, Lance's Page
Tagged bailout, Christopher Cox, markets, S.E.C, short sellers, stocks
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More Electoral College Prediction
American Digest
Posted in Around the Web, MikeR's Page
Tagged electoral college, mathematical model, Prediction, Voting
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CEO’s as Pirates
Vox Popoli The executive class is not, for the most part, capitalist, it can be more accurately understood as a sort of pirates union that is loosely allied in common cause against the capitalists who actually own the companies that … Continue reading
Posted in Uncategorized
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Shine on Richard Wright
The keyboardist for Pink Floyd, responsible for the texture of the bands surreal sound, passed away on Monday.
Uprecedented Financial Turmoil
Today the Fed went to the Treasury and asked for a line of credit. You know, the lender of last resort has had to turn to our Treasury to protect their balance sheet. Want to see something weird. Go here … Continue reading
Posted in Economics, Investing, Lance's Page
Tagged Bonds, Federal Reserve, finance, financial markets, Investing, money markets, Treasury Bills
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Hacks & Hackers
Sarah Palin’s personal email account gets hacked by an anonymous operative and Farhad Manjoo blames Palin for “Rovian tactics.” Indifference to irony isn’t a new thing in Palin reporting, but there’s a certain amusement about the event in liberal circles … Continue reading
Posted in Around the Web
Tagged dirty tricks, Domestic Politics, email, hacked, Joe Biden, Karl Rove, Palin, Republican, Rovian, Sarah Palin, yahoo
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Georgia’s Tapes
Who jumped first in South Ossetia has become a bit of a information war between Georgia and Russia. Today, the Georgian government went a ways toward resolving it by releasing recordings of intercepted radio traffic preceding the Russian invasion. The … Continue reading
Posted in Foreign affairs
Tagged ceasefire, Daily Telegraph, Georgia, Georgian army, infrormation war, intercepts, invasion, irrationalism, lies, peace, Putin, radio, recordings, Russia, Russian invasion, South Ossetia, strategy
3 Comments
Palinmania Snippets
Like so many others, Elizabeth Johnson is out for that Palin look. Sarah always has such choice footwear…and eyewear retailers are getting explicit in their advertising. In case you were curious, this is where you end up when your anti-Palin … Continue reading
Posted in Around the Web
Tagged advertising, Alaska, childhood, Elizabeth Johnson, eyewear, fashion, glasses, hysteria, ideology, Palin, Palinmania, political indoctrication, Sarah Palin, style, women
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Sarah vs. Joe
Who would win in a head-to-head contest of the Veeps for the presidency? Palin, according to Rasmussen, by 47%-44%.
Posted in Around the Web
Tagged Biden, election, Joe Biden, Palin, poll, Rasmussen, Sarah Palin, veeps
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Changing Themes in the GOP
Had the radio on driving to get coffee. Rush Limbaugh was denouncing sexism and patriarchal privilege. McCain ad comes on pitching expanding embryonic stem cell research. Boy, haven’t things changed in the Republican party? For the better, says me.
Posted in Around the Web
Tagged coffee, embryonic stem cells, Feminism, GOP, McCain, patriarchy, radio, Rush Limbaugh, sexism, stem cell research
3 Comments
Ike Aftermath
Hey guys. I’m still here and everything is fine. Had a small leak in my ceiling but otherwise no damage. Got power and water back Sunday, but there are still 1.5 million without, including my mother and sisters. Gas is … Continue reading
Dems Turn to Outside Groups
Senior Democrats gave a conference call briefing to their top outside donors last week. Things are pretty grim according to them. Obama had once signaled that he didn’t want support from 527 type PACs, but with his support eroding rapidly … Continue reading
Posted in Around the Web
Tagged 527, campaign finance, Democras, donors, Obama, PAC, poll
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Whither the Rule of Law
The Strata Sphere When governments allow unreasonable panic to set in and the mob rule to take over the rule of law – even in the slow motion case of a trial like this – they have lost control. The … Continue reading
Wireless Power Transmission Making Progress
Impact Lab“A new long-range energy transmission experiment opens the possibility of sending solar energy from space to earth.”
Posted in Around the Web, MikeR's Page
Tagged Powser Transmission, Technology, wireless
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Dilemma of Modern Technology
Astute Bloggers Who would have thought that Skype was a bad thing? “Taliban fighters targeting British troops in Afghanistan are using the latest ‘internet phones’ to evade detection by MI6, security sources said last night.”
Eating Their Own
Stop the ACLU“Dontcha ya hate it when Old Media outlets beat up on other Old Media outlets?”
Deafening Silence at Columbia
Say Anything“A pretty sad commentary if you ask me.”
Long Term Effects of “Chamberlain” Thinking
Commentary“More complacency will only feed Russia’s ambitions.”
Poneco Parties in Chile
There’s a teenage sexual revolution underway in Chile, that is animated by the emergence of a rebellious new generation of kids born after the 1988 referendum and democratic transition. A generation with no memory of the moral strictures of a … Continue reading
Posted in Around the Web
Tagged 1988, Chile, democracy, dictatorship, kiss, Michele Bravo, parties, poneco, referendum, sex, sexual revolution
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When They Came for Kenny…
Photos of Russian kids mounting a street protest against the banning of South Park by the state. This is no small or meaningless act. As daily experience, one of the worst aspects of living under a repressive fascist regime is … Continue reading
Posted in Culture, Foreign affairs
Tagged boredom, entertainment, fascism, Kenny, liberalism, Media, opera, photos, pics, propaganda, Putinism, radio, repression, Russia, South Park, State, teenager, television, tv, youth
1 Comment
McCain and the Electoral College
For two weeks, as John McCain’s national polls first rose above Obama and then solidified there, Democrats protested that the popular vote was irrelevant. Look to the state polls said they, in a sensible but amusingly opportunistic argument for the … Continue reading
Posted in Domestic Politics, Election 2008
Tagged advertising, colorado, electoral college, Florida, investment, McCain, Missouri, Nevada, New Mexico, Obama, Ohio, poll, Rasmussen, survey, Virginia
3 Comments
Two Girls and a Dream
(Houston Chronicle)
Posted in Humor
Tagged Anderson Cooper, Houston, Houston Chronicle, hurricane ike, Ike, image, photo, picture
2 Comments
Earmark Battle Continues
Instapundit“Senate Democrats promised more open government. This is not it.”
The Economic Message is Bad – Not the Economy
The Chronicles of the Conspiracy“What does it say about our nation that it has become political suicide to state the good news that our economy is not in recession?”
Posted in Around the Web, MikeR's Page
Tagged depression, Domestic Politics, economy, recesssion
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Comprehensive Energy Policy Emerging
IBDPerhaps we are making progress.
Hurricane Ike (Updated)
Scroll down for the updates. Well Hurricane Ike is heading my way. The center is projected to hit west of Houston, but a Freeport landfall would be the worst case for Houston, as it would entail a huge storm surge … Continue reading
The Palin Democrats
Tim Reid travels to Mount Clemens, Macomb County Michigan, to talk to white working class female voters. Macomb County should be core Democratic blue country, but it was here that Stanley Greenberg first identified the “Reagan Democrats” of the 1980s, … Continue reading
Posted in Domestic Politics, Election 2008
Tagged 1988, Democrat, demographics, election, Macomb County, McCain, Michigan, Obama, Palin, Palin Democrats, Reagan Democrats, Republican, Sarah Palin, Stanley Greenberg, The Times, Tim Reid, women
1 Comment
Mark Penn on the Press & Palin
Boy, this was an awfully interesting exchange. Democratic strategist Mark Penn, absurdly invited by Brian Goldsmith to argue the press has been soft on Sarah Palin, instead slams the media for counterproductively biased and vindictive coverage:
Posted in Domestic Politics, Election 2008, Media
Tagged bias, Brian Goldsmith, CBS News, Clinton, election, Hillary Clinton, Howard, Howard Wolfson, Mark Penn, Media, msm, Obama, Palin, press, Sarah Palin, Saturday Night Live, vice president
1 Comment
Déjà Vu Obama
Obama’s “new” tactic to regain the initiative in the election is to portray McCain as out of touch with ordinary Americans. Hmm. Correct me if I’m wrong, but wasn’t this the old tactic? Patrician wife, seven houses, price of milk, … Continue reading
Posted in Around the Web
Tagged election, houses, McCain, milk, Obama, Salvatore Ferragamo, tactic footwear
1 Comment
Talk about your free markets
neatorama“We live in a capitalist society,” she tells us. “Why shouldn’t I be allowed to capitalize on my virginity?” Is this a hoax or just free markets?
New Era Mergers
From Craigs List, though it has since been removed: H/T- Alphaville
Posted in Humor, Lance's Page
Tagged Craigs List, Humor, investment banks, Lehman Brothers, mergers
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A Journey from Left to Right
Redstate“And I will love her despite her flaws, instead of hating her despite her greatness. It is the very least I owe to those who perished to wake up a foolish, foolish young man.”