Economy
Related: About this forumWeekend Economists Joke-Off April 11-12, 2015
Well, the joke's on me, as usual. I thought I would have enough time to start the thread last night, but it didn't happen, and I apologize deeply for the disappointment.
Friday was the first day in weeks that didn't go as badly as I expected, but the Euchre Night made me doubt, yet again, my purpose in going. 3 months ago, I got 1/3 of the quarters; last month, I got half. This month, I scooped the whole pot. Between the dreadful hands I was dealt, the partners and being locked out of bidding time after time, it's amazing I had any score at all.
But, April is the month of Jokes, starting with April Fool's Day, continuing through Tax Day, Patriot's Day, and then collapsing into May and the hope that winter will finally be over. There's a heavy frost on the the rooftops this morning and it's 34F, to counteract the rain, wind and relative warmth of yesterday...it is predicted to reach 60F today. We shall see.
April is the cruelest month: both TS Elliott and Shakespeare have named it so. It is also Poetry Month (which for those not fond of the art, this makes April triply cruel).
So what is the refuge for a weary, depressed people? Humor!
Demeter
(85,373 posts)Demeter
(85,373 posts)..."I was appalled. Appalled by the sheer perversity of what my distinguished colleagues chose to believe about Shakespeare. Part of what they believed was that Shakespeare abandoned his wife and children in 1585, or thereabouts, and then moved back into the marital home after twenty-six years or so of bachelor living in London. Odysseus was away from home for twenty years, and when he got back only his dog could recognize him. Poor old Enoch Arden was unrecognizable by man or beast after ten. Only an academic could believe that Shakespeare slid seamlessly back into a household he had pretended he didnt have for more than a quarter of a century.
John Aubrey, who began compiling material for his Brief Lives in the sixteen-sixties and continued doing so throughout his life, is one of the earliest observers to write about Shakespeare. He was wont to go to his native country once a year, Aubrey reports. Aubrey is an unreliable witness, to be sure, but when what he says is less remarkable than what is commonly believed, and not in the least titillating, we might perhaps entertain it as a possibility, rather than insisting on an impossibility. We know that Shakespeare had no permanent lodging in London, but moved from one rented address to another. We have disconnected documentary evidence of his residence in Shoreditch, Bishopsgate, Southwark, and Cripplegate. The one detailed account of his accommodation shows it to have been more like a students room in college than the apartment of a successful theatrical entrepreneur.
Every year the theatres were required to close for the entire penitential season of Lent. This was forty days, nearly six weeks, when no play could be performed. Why pay rent in London when you are paying to keep up a big house in Warwickshire? The journey from London to Stratford took three days, so quick visits were out of the question, but a six-week break made worthwhile the six-day journey there and back. Lent can begin as early as February 10th and end as late as April 25th; for the most part, it coincides with early spring. Was Shakespeare usually in Warwickshire in the early spring?
The Winters Tale is set in late summer, but when Perdita, decked like Flora peering in Aprils front, laments that she has no flowers for her boy lover, she lists flowers of early spring:
Daffodils,
That come before the swallow dares, and take
The winds of March with beauty: violets, dim,
But sweeter than the lids of Junos eyes
Or Cythereas breath: pale primroses
That die unmarried, ere they can behold
Bright Phoebus in his strengtha malady
Most incident to maids: bold oxlips and
The crown imperial: lilies of all kinds,
The flower-de-luce being one.
(Act IV, Scene 4, lines 136-45)
The exactness of this compressed account is wonderful. Daffodils do come before the swallows arrive, and take their chances with the often-cruel winds of March. Violets, primroses, oxlips, and fritillaries are all flowers of early spring. The name flower-de-luce was used for all kinds of irises, including the native Iris pseudacorus, another flower of early spring...."
OUR DAFFODILS ARE HALFWAY TO UP, THE FORSYTHIA IS JUST BREAKING BUD, AND THE CROCUS ARE FINALLY BRAVING THE CHILL...APRIL WILL BE LATE THIS YEAR.
Demeter
(85,373 posts)Demeter
(85,373 posts)WELL, THEIR JOKES ARE MORE OBSCURE....
http://www.opencolleges.edu.au/informed/features/intelligence-humour-are-smart-people-funnier/
humor and learning
Defined by psychologists, a joke is an incongruity that is recognised and resolved in some way. But we dont need a rocket scientist to tell us when to laugh. There are countless types of humour, some of which we appreciate more than others, and rarely do we stop to ask why we find a particular joke funny.
What if someone told you the reason you found a joke funny was because you had a high IQ? Or, alternatively, because you had a low IQ? Youd probably stop and think about the joke a little harder. The truth is, once you do start analysing the conceptual nature of humour, you quickly realise how similar it is to the way intelligence operates (through pattern recognition, but well get to that later).
Science tells us there is a relationship between humour and intelligence, and while it may not be as simple as slapstick=slow, knowing how the two are related could prove to be a key factor in understanding the human learning process...
Cited From: http://www.opencolleges.edu.au/informed/features/intelligence-humour-are-smart-people-funnier/#ixzz3X0MStqXD
Demeter
(85,373 posts)An engineer, a physicist and a mathematicians have to build a fence around a flock of sheep, using as little material as possible. The engineer forms the flock into a circular shape and constructs a fence around it. The physicist builds a fence with an infinite diameter and pulls it together until it fits around the flock. The mathematicians thinks for a while, then builds a fence around himself and defines himself as being outside...The economist declares that if a fence were necessary the market would have provided one.
Later that night the fire breaks out again, but this time the physicist wakes up. The physicist walks out into the hallway and sees the fire. After calculating ambient temperature and air pressure, the physicist puts out the fire.
Later that night, the mathematician wakes up to the smell of smoldering embers. The mathematician walks out into the hall, and thinks for a minute. The mathematician then rekindles the fire from the embers, and goes back to bed satisfied that the problem has been reduced to a previously solved one.
The other version of that is that the mathematician sees the fire, scribbles down some quick equations to determine how much water would be needed to put out the fire, and says "Aha! A solution exists" then goes to bed happily.
The mathematician realises that he will never reach her and doesn't even move. The physicist quickly works out a geometric series and also gives up.
The engineer starts walking towards the woman saying "after just a few steps I'll be close enough for all practical purposes."
A guy greeted his mathematician friend at an airport, after catching up he said "So how did you get over your fear of flying?" The mathematician responded "Well as you know I'm scared senseless of the thought of a terrorist being onboard, the chances of that happening are 1/10000 and I don't like those odds, so I merely put the odds in my favour" The guy asked "How did you do that?" The mathematician opened his briefcase revealing a bomb, "The chances of two terrorists being on board a plane are 1/10000000"
"I have an idea, boss," his chauffeur said. "I've heard you give this speech so many times. I'll bet I could give it for you." Einstein laughed loudly and said, "Why not? Let's do it!"
When they arrived at the dinner, Einstein donned the chauffeur's cap and jacket and sat in the back of the room. The chauffeur gave a beautiful rendition of Einstein's speech and even answered a few questions expertly.
Then a supremely pompous professor asked an extremely esoteric question about anti-matter formation, digressing here and there to let everyone in the audience know that he was nobody's fool. Without missing a beat, the chauffeur fixed the professor with a steely stare and said, "Sir, the answer to that question is so simple that I will let my chauffeur, who is sitting in the back, answer it for me."
MORE AT: http://www.reddit.com/r/AskReddit/comments/27ym25/what_is_the_most_intelligent_but_yet_funniest/?limit=500
Demeter
(85,373 posts)Forty years ago, scientists were already asking this question. Hauck and Thomas, testing eighty elementary-level students, found a very high correlation between humour and intelligence (r = .91), but, of course, that was back in 1972.
So how has the picture evolved?
In 1990, biologist A. Michael Johnson published a study in Perceptual and Motor Skills that connected humour ability to problem-solving skills. Subjects rated 32 jokes for funniness and solved 14 visually-displayed mental rotation problems. Subjects with faster mental rotation times tended to rate the jokes as funnier, which suggests that the right hemisphere of the brainoften associated with problem solving abilityplays an important part in humour comprehension. Johnsons findings were consistent with previous studies of patients with right-brain lesions, who struggle to distinguish between punchlines and non sequiturs when selecting joke endings in a multiple choice task.
In 1995, Holt examined the relationship between humour and giftedness in students. He suspected that intellectually gifted students would possess a more advanced sense of humour, noting that many theories believe that the key concept of humor is understanding incongruity, and this involves a mental process similar to problem solving. The results confirmed his suspicions, as gifted students recognised and produced more jokes that relied on word play and resolving incongruity.
Around the same time, researchers from the Department of Psychology at Case Western Reserve University in Cleveland, Ohio found differences in the comprehension, production, and appreciation of humour among students with learning disabilities.
In the study, 20 normally-achieving second graders and 21 fourth graders were measured against 14 fourth graders with learning disabilities and 12 fourth graders with developmental handicaps. Comprehension of humour was assessed by explanations of what made cartoons funny. Production was assessed by completion of captionless cartoons. Appreciation was evaluated by ratings of funniness and facial mirth.
The researchers found that children without handicaps comprehended the cartoons better than did the students with intellectual handicaps. Interestingly, though, they found no correlation between intelligence and humour productionin this case, the ability to complete captionless cartoons.
Cited From: http://www.opencolleges.edu.au/informed/features/intelligence-humour-are-smart-people-funnier/#ixzz3X0OGUbZy
Demeter
(85,373 posts)http://www.ianwelsh.net/the-primary-obama-movement-begins-today/
...Nothing tracks electoral success better than the economy. Barack Obama did not do what it took to pull the economy out of the doldrums. This is true both with regards to the stimulus, which was too small, too larded up with tax cuts and too ineffective and with regards to the Federal Reserve, where Obamas chosen chairman Ben Bernanke is about to drop stimulus (nicknamed Quantitative easing 2) on the economy after the election instead of doing it before the election. There was no economic reason not to do it months ago, when it would have helped both struggling Americans and Democrats.
Barack Obama took pains to let down or gratuitously harm virtually every major Democratic constituency. Whether it was increasing deportations of Hispanics, whether it was putting in a Presidential order against Federal money being used for abortions which was more restrictive than Rep. Stupak had demanded, whether it was wholesale violation of civil rights climaxing with the claim that he had the right to assassinate American citizens, whether it was trading away the public option to corporate interests then insisting for months he hadnt, whether it was not moving aggressively on card check (EFCA) for unions, or whether it was constantly stymying attempts to end Dont Ask, Dont Tell, Barack Obama was there making sure that whatever could be done to demoralize the base was done.
Meanwhile, the majority of Americans think that the policies Obama pursued were socialistic, progressive or liberal. They think this is what left-wing governance looks like. In 2 years Obama has managed to discredit the left, possibly for a generation...
If youre not part of the solution, youre part of the problem. Obama and Democrats had a historic chance to fix America. The rich who run America, whom the Supreme Court in Citizens United gave permission to outright buy elections, could have been broken when Obama took power. All that was necessary was to force them to take their losses. Contrary to what apologists for wealth have told you, this would not have meant disaster for the economy, there were ways to protect regular Americans while making the rich take their losses. Instead Barack Obama, as in so many other ways, continued Bushs policies, and kept the rich bailed out...
Demeter
(85,373 posts)Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to worry about: Algorithms that make sure they behave. JPMorgan Chase & Co., which has racked up more than $36 billion in legal bills since the financial crisis, is rolling out a program to identify rogue employees before they go astray, according to Sally Dewar, head of regulatory affairs for Europe, whos overseeing the effort. Dozens of inputs, including whether workers skip compliance classes, violate personal trading rules or breach market-risk limits, will be fed into the software.
Its very difficult for a business head to take what could be hundreds of data points and start to draw any themes about a particular desk or trader, Dewar, 46, said last month in an interview. The idea is to refine those data points to help predict patterns of behavior.
JPMorgans surveillance program, which is being tested in the trading business and will spread throughout the global investment-banking and asset-management divisions by 2016, offers a glimpse into Wall Streets future. An industry reeling from billions of dollars in fines for the actions of employees who rigged markets, cheated clients and aided criminals is turning to technology to police itself better. Failure to do so will provide ammunition for those pushing to separate trading operations from retail banks.
Surveillance Unit
At New York-based JPMorgan, the worlds biggest investment bank by revenue, the push comes after government probes into fraudulent mortgage-bond sales, the $6.2 billion London Whale trading loss, services provided to Ponzi-scheme operator Bernard Madoff and the rigging of currency and energy markets. The company has hired 2,500 compliance workers and spent $730 million over the past three years to improve operations. Job postings show it is building a surveillance unit to monitor electronic and telephone communication in the investment bank. E-mails, chats and telephone transcripts can be analyzed electronically to determine if employees are trying to collude or conceal intentions, said Tim Estes, chief executive officer of Digital Reasoning Systems Inc.
Were taking technology that was built for counter-terrorism and using it against human language, because thats where intentions are shown, said Estes, whose company counts Goldman Sachs Group Inc. and Credit Suisse Group AG as clients and investors, but not JPMorgan. If you want to be proactive, you have to get people before they act.
Slippery Slope
Automated surveillance is necessary for Wall Street firms because billions of e-mails flow through each bank annually, overwhelming the ability of people to monitor them, according to Estes. Still, technology that predicts behavior, as in the 2002 science-fiction movie Minority Report, in which Tom Cruise plays a Precrime officer who hunts down murder suspects before they can act, raises ethical questions.
What theyre trying to do is forecast human behavior, said Mark Williams, a former Federal Reserve bank examiner whos now a lecturer at Boston Universitys Questrom School of Business. Policing intentions can be a slippery slope. Do people get a scarlet letter for something they have yet to do?
AND AS YVES SMITH SAYS: So how about the executives?
Demeter
(85,373 posts)Nearly two years after I left Google, Im starting to understand whats going on in the professional sphere. The conventional seams between disciplines are fraying, and the set of skills necessary to succeed are broader and more nebulous than theyve been before. These days, youve gotta be a real polymath to get ahead; youve got to be a full-stack employee.
What is a full stack employee?
Just as there are full-stack engineers and full-stack startups, the full-stack employee has a powerful combination of skills that make them incredibly valuable. They are adept at navigating the rapidly evolving and shifting technological landscape. They make intuitive decisions amidst information-abundance, where sparse facts mingle loosely with data-drenched opinions. Full stack employees are capable of speaking design lingo, know that using Comic Sans is criminal, and are adept at making mocks in Keynote, Sketch, or Skitch (if it comes to that). And they know the difference between UI and UX.
They can cross the aisle to talk to engineering and can make sense of algorithms, programming, and instinctively understand that scaling the backend isnt the same as scaling the frontend. Though they may not code for production, they understand what GitHub and StackOverflow are for, and can brute force a copy-paste script to perform basic analysis on a CSV file. If they must.
Theyre on the latest social apps, and know how to self-promote. Tastefully (most of the time; for the rest, theres Snapchat). They use narrative and storytelling to involve their audience, but have watched enough three minute Kickstarter videos to know that they need to get to their point in less time than it takes to watch an Instagram video, if not a Vine. Attention is the currency of the age.
Full stack employees have an insatiable appetite for new ideas, best practices, and ways to be more productive and happy. Theyre curious about the world, what makes it work, and how to make their mark on it. Its this aspect above others that defines and separates the full stack employee from previous generations. Full stack employees cant put blinders on once they land a job; instead they must stay up on developments in their industry and others, because they know that innovation is found at the boundaries between disciplines, not by narrowly focusing in one sphere...
Demeter
(85,373 posts)Paying taxes to the IRS is no fun. Neither is working there...
...A 16-year IRS veteran, Gaddy wishes she could share some of her own IRS troubles with her visitors. Her salary has risen only 2 percent in the last four years. The center lost its secretary and hasnt replaced her because of a four-year-old hiring freeze throughout the agency, which means Gaddy and the remaining employees handle clerical duties, too. One of her fellow specialists spends all his time now answering questions via webcam from taxpayers in Harrisburg, Pa., because that office is short-staffed. Last year, to reduce the lines, the IRS discontinued its practice of preparing simple tax returns as a courtesy for people, many of them elderly. But in Philadelphia the queues have stayed the same or grown longer, because so many people come in with questions about tax credits for Obamacare and what to do to prevent identity thieves from stealing their refunds. (Because the refunds come on ATM-ready debit cards, thieves like to file victims returns ahead of time, with a different address.) I mean, we still had lines, Gaddy says, but not out the door and around the corner.
The IRS has never been an easy place to work. Its 84,000 employees, 65 percent of them women, generally dont tell people outside the service where they draw a paycheck. Its no way to make friends. They toil in purposely anonymous buildingsa big sign outside might attract crazies. In 2010 an antigovernment zealot flew a single-engine plane into a building in Austin, Texas, where 190 agency employees worked, killing one of them. Well, Mr. Big Brother I.R.S. man, lets try something different, take my pound of flesh and sleep well, the pilot, Joseph Stack III, wrote in a six-page suicide note.
More recently, the IRS has become a casualty of the budget battles between the Obama White House and House Republicans. Since the GOP won control of the chamber in 2010, the agencys annual budget has fallen by $1.2 billion, to $10.9 billion in 2015. Meanwhile, the agency has lost 11 percent of its employees. Last year it started 19 percent fewer criminal investigations than 2013. This year alone, it expects to close at least 46,000 fewer audits. Nobody likes being scrutinized by the IRS, but audits are a key component of the tax system that keeps the U.S. afloat. Its core to the country, says Jeffery Trinca, a former Senate aide turned lobbyist who specializes in tax policy....The agencys customer service operation has been hobbled, too. In late March, the IRS said fewer than 40 percent of the people who call during this tax season will get through to someone. A decade ago, the figure was 83 percent. The agency is so short on funds that some employees purchase their own office supplies, even though the IRS says they shouldnt. I buy my own pens, says Catherine Ficco, a revenue officer in West Nyack, N.Y. I buy my own clips and hole punchers and things of that nature. Its not uncommon. Theres no money to order supplies or paper for my printer.
The IRS has long been disliked, but its employees arent used to being vilified. In May 2013 the agency disclosed that it had given extra scrutiny to Tea Party groups that were seeking nonprofit status. To Democrats, the decision to group together Tea Party applications and other politically oriented groups was merely a misguided attempt to find a consistent rule after years of muddled policy. There were some boneheaded decisions, President Obama told Fox News. To Republicans, the IRSs hard look at Tea Party groups proved the service has a political bias. Since then the IRS has been consumed with scandals large and small: an expensively produced internal video that featured top executives dressed as Star Trek characters; a lavish conference funded with enforcement money where officials slept in presidential suites, albeit discounted ones; and the rehiring of employees accused of misconduct, including some who hadnt filed their own taxes.
...In May 2013, Obama ousted Steven Miller, the acting IRS commissioner, and shortly after named John Koskinen, a former corporate takeover expert, as his replacement. Koskinen has two challenges: restoring the publics confidence in the service and keeping employees from giving up hope. It may be too late for the latter. IRS veterans say its fine for Republicans and Democrats to disagree about the level of taxation in America, but they cant do their jobs without functional computers and sufficient supplies. I still get calls from people that worked for me who talk about the overload they are facing and whats happening to them, says Dorothy Taylor, a former IRS territory manager who was based in Plantation, Fla., before retiring in December 2013. I try to reassure them that there have always been ups and downs in the organization. I tell them to just keep their heads down and do their job, and hopefully the IRS will pull through like it has in the past. But my concern is, will it?
ENDLESSLY MORE
MattSh
(3,714 posts)Here in Ukraine, for all it's backwardness, there's no "filing your taxes" nonsense. You get paid your salary. Your employer pays an additional amount to the government. So it's not actually coming from your stated salary. It's a matter between your employer and the government. While there are certainly some circumstances where you can file for some money back, 9 out of 10 never had to deal with that type of nonsense.
And if you hate government policies, like starting stupid wars, it's generally easy enough to duck the whole system and go black market. It's estimated that more that 50% of economic activity here is underground.
Demeter
(85,373 posts)Too often, that just means drugs, scam-fraud, and other crimes...
That's such a big issue, it's going to have to be next Weekend's Theme...so that's one problem solved, at least!
Demeter
(85,373 posts)ne hundred fifty years ago, on April 9th, 1865, Gen. Robert E. Lee surrendered at Appomattox Court House and the Union triumphed in the Civil War. Yet the passage of a century and a half has not dimmed the passion for the Confederacy among many Americans. Just three weeks ago, the Sons of Confederate Veterans (SCV) appeared before the Supreme Court arguing for the right to put a Confederate flag on vanity license plates in Texas. Just why would someone in 2015 want a Confederate flag on their license plate? The answer is likely not a desire to overtly display ones genealogical research skills; nor can it be simplistically understood solely as an exhibition of racism, although the power of the Confederate flag to convey white supremacist beliefs cannot be discounted.
Rather, displaying the Confederate flag in 2015 is an indicator of a complex and reactionary politics that is very much alive in America today. It is a politics that harks back to the Souths proud stand in the Civil War as a way of rallying opinion against the federal governmentand against the countrys changing demographic, economic, and moral character, of which Washington is often seen as the malign author. Todays understanding of the Confederacy by its supporters is thus neither nostalgia, nor mere heritage; rather Confederate sympathy in 2015 is a well-funded and active political movement (which, in turn, supports a lucrative Confederate memorabilia industry).
For many, the initial attraction to the history of the Confederate States comes from an interest in ancestry and history, yet for others the lure is to a narrative that, replete with recognizable symbols and characters, offers (some) Americans the opportunity to understand themselves as historically distinctive. Add to this the attractive traits of heroism and an underdog struggle against numerical odds, plus a mantra that the Confederacy in the 19th Century fought to preserve all that was good and right about the America of the Founding Fathers, and a potent imaginary political world emerges.
Quantifying the degree of sympathy and support for this neo-Confederate vision is tricky. An SCV article in 2013, for example, stated that the organization had 30,000 active and 65,000 inactive members, the latter being presumed to share many of our same concerns and opinions. National surveys, as they aim for a representative sample of U.S. adults, likely under-represent the extent to which the Confederacy still resonates in the South and among whites. A 2011 opinion poll conducted for CNN, for example, found that 23 percent of people were still sympathetic to the Confederacy. Although the poll is unclear on where these people lived, just 54 percent of those surveyed felt that slavery was the main reason for secession by the Confederate states....
Read more: http://www.politico.com/magazine/story/2015/04/civil-war-american-south-still-loves-confederacy-116771.html#ixzz3X0ZbIEnk
Demeter
(85,373 posts)Theres nothing fun about being on welfare, and a new Kansas bill aims to keep it that way.
If House Bill 2258 is signed into law by Gov. Sam Brownback (R) this week, Kansas families receiving government assistance will no longer be able to use those funds to visit swimming pools, see movies, go gambling or get tattoos on the states dime.
Those are just a few of the restrictions contained within the measure that promises to tighten regulations on how poor families spend their government aid.
State Sen. Michael ODonnell, a Wichita Republican who has advocated for the bill, said the legislation is designed to pressure those receiving Temporary Assistance for Needy Families to spend more responsibly.
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/03/missouri-republicans-are-trying-to-ban-food-stamp-recipients-from-buying-steak-and-seafood/
In 2013, Fox News proudly broadcast an interview with a young food stamp recipient who claimed to be using the government benefit to purchase lobster and sushi.
"This is the way I want to live and I dont really see anything changing," Jason Greenslate explained to Fox. Its free food; its awesome."
That story fit a longtime conservative suspicion that poor people use food stamps to purchase luxury items. Now, a Republican state lawmaker in Missouri is pushing for legislation that would stop people like Greenslate and severely limit what food stamp recipients can buy. The bill being proposed would ban the purchase with food stamps of "cookies, chips, energy drinks, soft drinks, seafood or steak."
"The intention of the bill is to get the food stamp program back to its original intent, which is nutrition assistance," said Rick Brattin, the representative who is sponsoring the proposed legislation.
Curbing food stamp purchases of cookies, chips, energy drinks, and soft drinks at least falls in line with the food stamp program's mission to provide nutrition. Nutrition experts are already discussing whether to remove unhealthy items from the list of foods participants can buy.
But seafood and steak? Seafood has been shown, time and again, to be a healthy part of any diet. And steak is such a broad category that it's essentially banning people from buying any flat cuts of beef, from porterhouse to flank...
AND HOW IN HELL CAN THIS BE ENFORCED?
The double-standard of making the poor prove theyre worthy of government benefits
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/07/the-double-standard-of-making-poor-people-prove-theyre-worthy-of-government-benefits/
Poverty looks pretty great if you're not living in it. The government gives you free money to spend on steak and lobster, on tattoos and spa days, on why not? cruise vacations and psychic visits...Enough serious-minded people seem to think this is what the poor actually buy with their meager aid that we've now seen a raft of bills and proposed state laws to nudge them away from so much excess. Missouri wants to curtail what the poor eat with their food stamps (evidence of the problem from one state legislator: "I have seen people purchasing filet mignons" . Kansas wants to block welfare recipients from spending government money at strip clubs (in legalese: any "sexually oriented business or any retail establishment which provides adult-oriented entertainment in which performers disrobe or perform in an unclothed state for entertainment" .
Then there are the states that want to drug-test welfare recipients the implication being that we worry the poor will convert their benefits directly into drugs.
Sometimes these laws are cast as protection for the poor, ensuring that aid is steered in ways that will help them the most. Other times they're framed as protection for the taxpayer, who shouldn't be asked to help people who will squander the money on vices anyway. But the logic behind the proposals is problematic in at least three, really big ways.
Mettler's research has shown that a remarkable number of people who don't think they get anything from government in fact benefit from one of these programs. This explains why we get election-season soundbites from confused voters who want policymakers to "keep your government hands off my Medicare!" This is also what enables politicians to gin up indignation among small-government supporters who don't realize they rely on government themselves. Mettler raises a lot of concerns about what the submerged state means for how we understand the role of government. But one result of this reality is that we have even less tolerance for programs that help the poor: We begrudge them their housing vouchers, for instance, even though government spends about four times as much subsidizing housing for upper-income homeowners.
That's a long-winded way of saying that these proposed laws which insist that government beneficiaries prove themselves worthy, that they spend government money how the government wants them to, that they waive their privacy and personal freedom to get it are also simply a reflection of a basic double-standard.
MattSh
(3,714 posts)I was even thinking of starting this thread. Not that I had an idea or the time to prepare though.
It's a crazy, crazy, weekend. Start with my wife's uncles birthday yesterday. Add to that my wife's birthday today. Add to that Orthodox Easter tomorrow. And to top that, both my wife and her uncle have what are considered "numerically significant" birthdays. Meaning their recently attained age is divisible by 5. So it's time to pull out all the stops.
The master celebration is tomorrow. Turkey, like it's Thanksgiving. (My wife is the only one I know in these part that can pull that off). Something called "holodits," like it's New Years. My wife first described holodits as "cold soup," but that's not a very good description. It's actually like jello with meat. And her father is the master of that. 16 people at her uncle's place, though it's smaller than our place. On a non-significant birthday, you can generally tell people they can't be accommodated. Not this year. Her cousin married into a political family, so her husband's parents invited themselves. One of our guests, who we invited especially for my wife's father, because his lady friend is out of town, decided to feel free to invite someone most of us didn't know, but because of the political guests, we could not allow that. Plus there's people that we know are from both sides of the political divide, so you have to try to keep everybody on their best behavior and out of politics. And there's a hired violinist from the Philharmonic stopping by to play for a while.
While our family and her uncle need to front the costs of this endeavor, the good thing is that it's traditional here for the guest to cover the costs with cash gifts.
So that means I'm likely not here tomorrow, and very minimally today.
Demeter
(85,373 posts)as·pic
ˈaspik/
noun
noun: aspic
a savory jelly made with meat stock, set in a mold and used to contain pieces of meat, seafood, or eggs.
"chicken in aspic"
late 18th century: from French, literally asp, from the colors of the jelly as compared with those of the snake.
When cooled, stock that is made from meat congeals because of the natural gelatin found in the meat. The stock can be clarified with egg whites, and then filled and flavored just before the aspic sets. Almost any type of food can be set into aspics. Most common are meat pieces, fruits, or vegetables. Aspics are usually served on cold plates so that the gel will not melt before being eaten. A meat jelly that includes cream is called a chaud-froid.
Nearly any type of meat can be used to make the gelatin: pork, beef, veal, chicken, turkey, or fish. The aspic may need additional gelatin in order to set properly. Veal stock provides a great deal of gelatin; in making stock, veal is often included with other meat for that reason. Fish consommés usually have too little natural gelatin, so the fish stock may be double-cooked or supplemented. Since fish gelatin melts at a lower temperature than gelatins of other meats, fish aspic is more delicate and melts more readily in the mouth.
Vegetables and fish stocks need gelatin to maintain a molded shape.
History
Historically, meat aspics were made before fruit- and vegetable-flavored aspics or 'jellies' (UK) and 'gelatins/jellos' (North America). By the Middle Ages at the latest, cooks had discovered that a thickened meat broth could be made into a jelly. A detailed recipe for aspic is found in Le Viandier, written in or around 1375.
In the early 19th century, Marie-Antoine Carême created chaud froid in France. Chaud froid means "hot cold" in French, referring to foods that were prepared hot and served cold. Aspic was used as a chaud froid sauce in many cold fish and poultry meals. The sauce added moisture and flavor to the food. Carême invented various types of aspic and ways of preparing it. Aspic, when used to hold meats, prevents them from becoming spoiled. The gelatin keeps out air and bacteria, keeping the cooked meat fresh.
Aspic came into prominence in America in the early 20th century. By the 1950s, meat aspic was a popular dinner staple throughout the United States as were other gelatin-based dishes such as tomato aspic.Cooks used to show off aesthetic skills by creating inventive aspics.
Uses
A speciality of northern Thailand, kaeng kradang is a Thai curry aspic
Aspic can also be referred as aspic gelée or aspic jelly. Aspic jelly may be colorless (white aspic) or contain various shades of amber. Aspic can be used to protect food from the air, to give food more flavor, or as a decoration.
There are three types of aspic textures: delicate, sliceable, and inedible. The delicate aspic is soft. The sliceable aspic must be made in a terrine or in an aspic mold. It is firmer than the delicate aspic. The inedible aspic is never for consumption. It is usually for decoration. Aspic is often used to glaze food pieces in food competitions to make the food glisten and make it more appealing to the eye. Foods dipped in aspic have a lacquered finish for a fancy presentation. Aspic can be cut into various shapes and be used as a garnish for deli meats or pâtés.
Worldwide variants
Eastern Europe
Russian aspic - kholodets with chopped horseradish (chren).
In Russia, a meat aspic dish is called kholodets (Russian: Холодец derived from the word kholod meaning cold. The dish is part of winter holiday festive meals. In central, eastern and northern Europe, aspic often takes the form of pork jelly, and it is popular around the Christmas and Easter Holidays. A Georgian version is called Mujuji.
Among the Newars of Kathmandu Valley in Nepal, buffalo meat jelly is a major component of the winter festivity gourmet. It is eaten in combination with fish aspic, which is made from dried fish and buffalo meat stock, soured, and contains a heavy mix of spices and condiments.
I AM A FULL-STACK BLOGGER...
MattSh
(3,714 posts)DemReadingDU
(16,000 posts)4/1/15 Planet Money Episode 614: Two Radio Guys Walk Into A Bar
Note: This episode contains explicit language.
We got on stage at a comedy club to read a bunch of weird economics jokes.
We bombed.
Today on the show, we do what you're never supposed to do: explain the joke.
audio at link, appx 14 minutes
http://www.npr.org/blogs/money/2015/04/01/396890129/episode-614-two-radio-guys-walk-in-to-a-bar
Demeter
(85,373 posts)Last edited Sat Apr 11, 2015, 11:36 AM - Edit history (1)
Those jokes were very badly delivered...not enough context for comprehension by those not in the know.
Call the copy editor! Call Rewrite!
Demeter
(85,373 posts)FOR EZRA POUND
IL MIGLIOR FABBRO
I. The Burial of the Dead
April is the cruellest month, breeding
Lilacs out of the dead land, mixing
Memory and desire, stirring
Dull roots with spring rain.
Winter kept us warm, covering
Earth in forgetful snow, feeding
A little life with dried tubers.
Summer surprised us, coming over the Starnbergersee
With a shower of rain; we stopped in the colonnade,
And went on in sunlight, into the Hofgarten,
And drank coffee, and talked for an hour.
Bin gar keine Russin, stamm aus Litauen, echt deutsch.
And when we were children, staying at the arch-dukes,
My cousins, he took me out on a sled,
And I was frightened. He said, Marie,
Marie, hold on tight. And down we went.
In the mountains, there you feel free.
I read, much of the night, and go south in the winter.
What are the roots that clutch, what branches grow
Out of this stony rubbish? Son of man,
You cannot say, or guess, for you know only
A heap of broken images, where the sun beats,
And the dead tree gives no shelter, the cricket no relief,
And the dry stone no sound of water. Only
There is shadow under this red rock,
(Come in under the shadow of this red rock),
And I will show you something different from either
Your shadow at morning striding behind you
Or your shadow at evening rising to meet you;
I will show you fear in a handful of dust.
Frisch weht der Wind
Der Heimat zu
Mein Irisch Kind,
Wo weilest du?
You gave me hyacinths first a year ago;
They called me the hyacinth girl.
Yet when we came back, late, from the Hyacinth garden,
Your arms full, and your hair wet, I could not
Speak, and my eyes failed, I was neither
Living nor dead, and I knew nothing,
Looking into the heart of light, the silence.
Oed und leer das Meer.
Madame Sosostris, famous clairvoyante,
Had a bad cold, nevertheless
Is known to be the wisest woman in Europe,
With a wicked pack of cards. Here, said she,
Is your card, the drowned Phoenician Sailor,
(Those are pearls that were his eyes. Look!)
Here is Belladonna, the Lady of the Rocks,
The lady of situations.
Here is the man with three staves, and here the Wheel,
And here is the one-eyed merchant, and this card,
Which is blank, is something he carries on his back,
Which I am forbidden to see. I do not find
The Hanged Man. Fear death by water.
I see crowds of people, walking round in a ring.
Thank you. If you see dear Mrs. Equitone,
Tell her I bring the horoscope myself:
One must be so careful these days.
Unreal City,
Under the brown fog of a winter dawn,
A crowd flowed over London Bridge, so many,
I had not thought death had undone so many.
Sighs, short and infrequent, were exhaled,
And each man fixed his eyes before his feet.
Flowed up the hill and down King William Street,
To where Saint Mary Woolnoth kept the hours
With a dead sound on the final stroke of nine.
There I saw one I knew, and stopped him, crying: Stetson!
You who were with me in the ships at Mylae!
That corpse you planted last year in your garden,
Has it begun to sprout? Will it bloom this year?
Or has the sudden frost disturbed its bed?
Oh keep the Dog far hence, thats friend to men,
Or with his nails hell dig it up again!
You! hypocrite lecteur!mon semblable,mon frère!
http://www.bartleby.com/201/1.html
The Waste Land, by T.S. Eliot, is widely regarded as "one of the most important poems of the 20th century" and a central text in Modernist poetry. Published in 1922, the 434-line poem first appeared in the United Kingdom in the October issue of The Criterion and in the United States in the November issue of The Dial. It was published in book form in December 1922. Among its famous phrases are "April is the cruellest month", "I will show you fear in a handful of dust", and the mantra in the Sanskrit language "Shantih shantih shantih".
Eliot's poem loosely follows the legend of the Holy Grail and the Fisher King combined with vignettes of contemporary British society. Eliot employs many literary and cultural allusions from the Western canon, Buddhism and the Hindu Upanishads. Because of this, critics and scholars regard the poem as obscure. The poem shifts between voices of satire and prophecy featuring abrupt and unannounced changes of speaker, location, and time and conjuring of a vast and dissonant range of cultures and literatures.
The poem's structure is divided into five sections. The first section, The Burial of the Dead, introduces the diverse themes of disillusionment and despair. The second, A Game of Chess, employs vignettes of several charactersalternating narrationsthat address those themes experientially. The Fire Sermon, the third section, offers a philosophical meditation in relation to the imagery of death and views of self-denial in juxtaposition influenced by Augustine of Hippo and eastern religions. After a fourth section Death by Water that includes a brief lyrical petition, the culminating fifth section, What the Thunder Said, concludes with an image of judgment.
Following the epigraph is a dedication (added in a 1925 republication) that reads "For Ezra Pound: il miglior fabbro". Here Eliot is both quoting line 117 of Canto XXVI of Dante's Purgatorio, the second cantica of The Divine Comedy, where Dante defines the troubadour Arnaut Daniel as "the best smith of the mother tongue", and also Pound's title of chapter 2 of his The Spirit of Romance (1910) where he translated the phrase as "the better craftsman". This dedication was originally written in ink by Eliot in the 1922 Boni & Liveright edition of the poem presented to Pound; it was subsequently included in future editions.
http://en.wikipedia.org/wiki/The_Waste_Land
Demeter
(85,373 posts)Demeter
(85,373 posts)A 2008 paper published in the journal Evolutionary Psychology examined humour as a mental fitness indicator. Based on Millers theory that intentional humor evolved as an indicator of intelligence, the researchers tested the relationships among rater-judged humor, general intelligence, and the Big Five personality traits in a sample of 185 college-age students. They found that general intelligence positively predicted rater-judged humor, independent of the Big Five personality traits. Extraversion also predicted rater-judged humor, although to a lesser extent than general intelligence.
The current study lends support to the prediction that effective humor production acts as an honest indicator of intelligence in humans, the authors write.
In 2010, researchers at the University of New Mexico gathered 400 university students (200 men and 200 women) and tested them on abstract reasoning, verbal intelligence, humour production ability (rated funniness of captions written for three cartoons), and mating success. The results showed that both general and verbal intelligence predict humour production ability, which in turn predicts mating success. The authors go on to suggest that humour evolved at least partly through sexual selection as an intelligence-indicator.
Later the same year, Wierzbickia & Young tested three predictions about verbal humour: (a) intelligence is positively related to comprehension of humor; (b) difficulty of comprehension is positively related to appreciation; (c) intelligence and task difficulty interact in humor appreciation.
One hundred and sixty-five college students viewed cartoons and either rated captioned cartoons for funniness or selected one of four captions and rated the combination for funniness. IQ was found to be positively related to comprehension. In addition, students who recognised the jokes as complex appreciated them more, and students who struggled to process the jokes appreciated them less.
In 2012, Greengross, Miller & Martin measured the intelligence of college students against that of stand-up comedians. 31 comedians and 400 college students were tested on humour production and verbal intelligence. Comedians scored higher than students not only on humour production but on verbal intelligence as well.
All of this is fine and good, and proves that intelligence often results in a more advanced sense of humour. But what about humours impact on the brain? Is it a two-way street? Can cultivating a sense of humour actually make you smarter?
Cited From: http://www.opencolleges.edu.au/informed/features/intelligence-humour-are-smart-people-funnier/#ixzz3X0fV8Wb4
MattSh
(3,714 posts)Once in a while a book appears that forces us to rethink the previous cognitive patterns. To use the celebrated phrase from Thomas S. Kuhns influential, The Structure of Scientific Revolutions (1962), it introduces the paradigm shift. Kuhns explored scientific revolutions and the shifts produced by, say, Newtonian or quantum physics. The realm of social ideas is not immune to similar breakthroughs. In the twentieth century, Orwells analysis of a doublespeak and the mutual corruption of politics and language has clearly changed the way we look at modern politics.
Recently, Harry C. Frankfurts little pamphlet, with its beguilingly simple title, On Bullshit (Princeton University Press, 2005) has pushed Orwells insights into a higher degree of conceptualization. While written in Orwellian vein and addressing the abuse and manipulation of language, Frankfurts analysis offers a new way of looking at the old problem. The book open with the following, by now well-known observation: One of the most salient features of our culture is that there is so much bullshit. Everyone knows it. Each of us contributes his share. But we tend to take the situation for granted. Most people are rather confident of their ability to recognize bullshit and avoid being taken in by it. So the phenomenon has not aroused much deliberate concern, nor attracted much sustained inquiry. In consequence, we have no clear understanding of what bullshit is, why there is so much of it, or what functions it serves.
Without proper understanding of its functions and purposes, we are left, frankly, unarmed to confront and understand bullshit, despite our confidence to recognize it. For Frankfurt, BS is a greater enemy of truth then a lie because a liar does care about truth and thus tries to pass falsehood for truth, while BS artists do not really care about the truthfulness of their statements they just make assertions to impress, while disguising their real agenda. There are obvious mechanisms to challenge lies: just produce facts. But how does one challenges bullshit and understands its secret agenda? There is no cognitive frame, no intellectual traps into which the bullshitter can be caught.
Bulgakovs Master and Margarita, the novel written at the height of Stalins bullshit, reveals Bulgakovs awareness that one, in fact, needs to possess supernatural abilities to expose it. Devil, called Voland in the novel, visits Moscow and appears to be scandalized by the amount of claptrap (bullshit would surely be a better term) that he encounters. A liar himself, Voland does show a peculiar fondness for facts. It is the bullshitters with their blatant disregard for the very concept of truth, that illicit Volands particular ire. Such is the barman, Andrei Fokich, whose head is clawed by a demonic cat, and who is punished by the factual, nonnegotiable knowledge of his impending death from cancer. One of the barmans crimes was to sell the sturgeon of the second degree of freshness. Second degree of freshness is a misguiding concept deliberately intended to deflect the accusations of lying, while achieving the goal of selling rotten product.
Complete story at - http://original.antiwar.com/Vladimir_Golstein/2015/04/08/politics-bullshit-and-ukraine/
Demeter
(85,373 posts)Because BS is exactly what I'm running into on the Condo Board...they are too clever to lie, since the facts are easily verified and don't support them.
mother earth
(6,002 posts)Demeter
(85,373 posts)MattSh
(3,714 posts)This time, it isnt just Peter Schiff, Marc Faber, David Stockman or Jim Rogers ringing the alarm bells warning about another looming financial crisis. One of the most prolific Wall Street CEOs is actually informing everyone that there will be another crisis.
JPMorgan CEO Jamie Dimon wrote in an annual letter to shareholders that another economic collapse is possible. In such an event, markets will become more volatile, while a recession would bring more chaos to the United States economy.
Here is what he wrote in his letter:
The trigger to the next crisis will not be the same as the trigger to the last one, but there will be another crisis. Triggering events could be geopolitical, a recession where the Fed rapidly increases interest rates, a commodities price collapse, a commercial real estate crisis, bubbles, etc.
Dimon cited a lack of credit extension, enhanced federal regulation and a paucity of securities as just some of the reasons for another financial crisis. [These] make it more likely that a crisis will cause more volatile market movements with a rapid decline in valuations even in what are very liquid markets.
Whats behind these comments exactly? Its hard to say, but perhaps he suffered from a near-death experience so he thinks he can save himself by warning the public at large. Who knows? Despite who says it, another collapse is nigh and you should prepare yourself.
Complete story at - http://economiccollapsenews.com/2015/04/10/jpmorgan-ceo-jamie-dimon-there-will-be-another-crisis/
Demeter
(85,373 posts)In Thomas Pikettys ground-breaking 2014 economics blockbuster Capital in the 21st Century, the economist carefully documents the increasing wealth disparity around the globe, a phenomenon that has animated the Arab Spring, the Occupy movement, Pope Francis, and political activists around the world. Some of Pikettys critics have tried to call his math into question, but on this front Piketty seems most sound. The data-set he worked from represents an astonishing work of scholarship, and the raw numbers are online for anyone to download, along with copious notes about the assumptions Piketty made in normalizing disparate data-sources in order to form a coherent narrative. Piketty is a quants quant, a man with a lot of extremely defensible numbers.
Then theres the other criticism of Piketty: So what? So what if rich people are getting richer and poor people are getting poorer? As Boris Johnson, the Eton-educated mayor of London, quipped: The harder you shake the pack, the easier it will be for some cornflakes to get to the top. In other words, if capitalism is making the rich richer, its because they deserve it, a fact that can be demonstrated by how rich they are. If youre a crumb at the bottom of the box, you must be a crumby sort of person...Piketty addresses this criticism less explicitly, by oblique references to social instability. He frequently compares contemporary wealth disparity to that of the eve of World War I (cast as a kind of turf-war among the super-rich about who would pocket the ongoing wealth from the colonies, now that there were no more new territories to conquer) and to the time just before the French Revolution, a comparison that presumably sends shivers up the backs of his fellow French citizens, but probably seems a bit abstract to the books English-language audience.
Heres what hes saying, when you read between the lines: when the gap between the rich and the poor gets too big, the poor start building guillotines. Its probably cheaper to redistribute some of your wealth, deserved or not, than to pay for all the guards youll need to keep your head affixed to your body.
In other words, a big gap between the rich and the poor destabilizes societies, and its hard to be really rich in a society thats in chaos. Unless the people around you buy into the legitimacy of the system that made you rich, they will not be bothered by the spectacle of you having all your stuff taken away, and they may even help do it.
THIS IS A MUST READ AND BOOKMARK! MOST IMPORTANT THING THIS WEEKEND!
Time is running out. Its five minutes to midnight. Have you encrypted your hard drive yet?
Demeter
(85,373 posts)Humour is not about comedy; it is about a fundamental cognitive function, says Alastair Clarke, author of The Pattern Recognition Theory of Humour. Heres where the pattern recognition theme comes in.
Clarke defines humour in terms of pattern recognitionour ability to understand relationships and impose order on competing stimuli. An ability to recognise patterns instantly and unconsciously has proved a fundamental weapon in the cognitive arsenal of human beings.
Recognising patterns enables us to quickly understand our environment and function effectively within it. Language, which is unique to humans, is based on patterns. And humour, conveniently enough, is based on language.
Alastair Clarke explains: The development of pattern recognition as displayed in humour could form the basis of humankinds instinctive linguistic ability. Syntax and grammar function in fundamental patterns for which a child has an innate facility. All that differs from one individual to the next is the content of those patterns in terms of vocabulary.
Stanford researchers have even begun to understand specifically how humor activates different areas in a childs brain. Findings reported in the Journal of Neuroscience show that some of the same brain circuitry that responds to humour in adults already exists in 6 to 12 year-olds.
In one study, children watched short video clips while their brains were scanned with functional MRI. In children, as with adults, the funny videos activated the brains mesolimbic regionsthe area that processes rewards.
(It is) in a less mature state than adults, but it is already present in children ages 6-12, says neuroscientist and child psychiatrist Dr. Allan Reiss, who led the study. Thats really interesting.
There was also high activity at the temporal-occipital-parietal junction, a brain region that processes incongruity or surprise. A lot of humor is, in fact, incongruity. So you expect something to happen and then all of a sudden theres a twist, something completely different happens and thats what makes many jokes really funny.
The process of resolution requiring the integration of conflicting alternatives is a model of frontal lobe function, while the emotional pay-off suggests an analogy with other phenomena (such as music) that link psychological expectancies with the brain mechanisms of reward.
Reiss speculates that people who handle humorous surprises well probably do a better job coping with lifes unexpected challenges. He believes that humor helps make people resilient, improving their ability to cope with stressful circumstances.
If you can interpret a difficult situation in a humorous way, as opposed to just this is a terrible fate befalling me, that could make a significant difference in how your brain and body responds to the difficult situation, Reiss says.
Recent research has shown that the stress hormone cortisol damages certain neurons in the brain and can negatively affect memory and learning ability in the elderly. Researchers at Loma Linda University have delved deeper into cortisols relationship to memory and whether humor can help lessen the damage that cortisol can cause.
Gurinder Singh Bains et al. showed a 20-minute laugh-inducing funny video to a group of healthy elderly individuals and a group of elderly people with diabetes. The groups where then asked to complete a memory assessment that measured their learning, recall, and sight recognition.
Their performance was compared to a control group of elderly people who also completed the memory assessment, but were not shown a funny video. Cortisol concentrations for both groups were also recorded at the beginning and end of the experiment.
The research team found a significant decrease in cortisol concentrations among both groups who watched the video. Video-watchers also showed greater improvement in all areas of the memory assessment when compared to controls, with the diabetic group seeing the most dramatic benefit in cortisol level changes and the healthy elderly seeing the most significant changes in memory test scores.
Our research findings offer potential clinical and rehabilitative benefits that can be applied to wellness programs for the elderly, Dr. Bains said. The cognitive components learning ability and delayed recall become more challenging as we age and are essential to older adults for an improved quality of life: mind, body, and spirit. Although older adults have age-related memory deficits, complimentary, enjoyable, and beneficial humor therapies need to be implemented for these individuals.
Study co-author and long-time psychoneuroimmunology humor researcher, Dr. Lee Berk, added, Its simple: the less stress you have the better your memory. There are even changes in brain wave activity towards whats called the gamma wave band frequency, which also amp up memory and recall. So, indeed, laughter is turning out to be not only a good medicine, but also a memory enhancer adding to our quality of life.
Cited From: http://www.opencolleges.edu.au/informed/features/intelligence-humour-are-smart-people-funnier/#ixzz3X0wHCj6p
MattSh
(3,714 posts)Ringo Starr on Rowan and Martin's Laugh-In
Demeter
(85,373 posts)I didn't realize Ringo was so vertically challenged....
Somehow, I missed that one the first time around.
Demeter
(85,373 posts)A physicist, a chemist, and a statistician walk into an office to discover the trash can is on fire.
The physicist announces "We must put the garbage can in the fridge so that the temperature will be below the ignition temperature and therefore put itself out!"
The chemist replies "No, we must cover the garbage can so that the fire consumes all of the oxygen and, in the absence of reactants, can no longer continue!"
Meanwhile, the two turn around to find that the statistician is running around the room setting everything else on fire. "What the hell are you doing??"
"Getting a proper sample size!"
The engineer walks in and sees the burning trash can. He pours a bunch of water on it and quenches it.
The chemist walks in and sees the burning trash can. After looking up the MSDS sheet for the contents of the trash can, he likewise pours a bunch of water on it.
The mathematician walks in and sees the trash can. He calculates the precise amount of water needed to quench the fire, and pours it on top, quenching it.
The second round of experimentation has the burning trash can now placed on a desk.
The engineer sees the burning trash can on the desk and again pours water on it.
The chemist walks in to see the trash can is likewise on the table and on fire. He again consults the MSDS sheet, just to be safe, and pours water on the fire.
The mathematician walks in and sees the burning trash can on the table. He picks up the trash can, places it on the floor, and announces, "I have reduced this to a previously solved problem."
The engineer walks in and sees the burning trash can. He pours a bunch of water on it and quenches it.
The chemist walks in and sees the burning trash can. After looking up the MSDS sheet for the contents of the trash can, he likewise pours a bunch of water on it.
The mathematician walks in and sees the trash can. He calculates the precise amount of water needed to quench the fire, and then walks out.
Demeter
(85,373 posts)On May 5th we are going to the polls to vote against increasing the sales tax to 7%
(the most regressive way to raise funds for the State).
The ostensible purpose for the tax is to fix the potholes, with which we have been blessed; in fact, not even half the money raised will go to road reconstruction. So, it's a double lie and BS situation. Three for all!
This week's latest fad proposal is to legalize marijuana and tax it. That one might just pass...in which case, the potholes may be the only thing keeping the slaughter on the roads down, by acting as instant impairment tests.
Demeter
(85,373 posts)U.S. states, still grappling with the lingering effects of the longest recession since the 1930s, are even more vulnerable to another fiscal shock.
The governments have a little more than half the reserves theyd stashed away before the 18-month recession that ended in June 2009, according to a report last month by Pew Charitable Trusts. New Jersey, Pennsylvania, Illinois and Arkansas have saved the least.
Skimpier rainy-day funds have implications for the national economy, which is in its sixth year of expansion. States would have to cut spending or raise revenue by a combined $21 billion in the event of a recession, exacerbating economic weakness, Moodys Analytics found in a stress test of state finances. Reserves take on added importance for governments balancing obligatory pension and health-care costs with swings in tax collections, said Daniel White, a senior economist at the arm of Moodys Corp.
What the Great Recession has shown is that things have fundamentally changed in terms of the way that state fiscal conditions are determined, White said from West Chester, Pennsylvania. They need to be much more prepared for very volatile fiscal conditions than they had been in the past.
WE ARE DOOMED...IT'S JUST A QUESTION OF WHEN
Demeter
(85,373 posts)An etymologist knows the difference.
Are you implying that entomologist are stupid ? That bugs me.
Does it tick you off?
Could these jokes bee any worse?
MORE BUG JOKES:
When theologians asked J. B. S. Haldane what could be inferred about the mind of the Creator from the works of His Creation, he answered, "An inordinate fondness for beetles."
COMMENT
I really hate the way people phrase this fact. It's NOT that 1/4 of all living animals on this Earth are beetles, it's that 1/4 of all animal SPECIES are different species of beetles. It's not like 25% of all organic life is comprised of beetles, there is simply just a ridiculously massive number of different SPECIES of beetle.
Only 3 Beatles though.
Aren't there only two Beatles left alive? Or are you counting Pete Best?
I'm counting Pete on a technicality. Last time I made a joke like this there were lots of annoying "actually 3" comments.
Gotcha. I made the comment, but I was initially going to Let it Be.
I can now add another question to my list of things I'd like to know when I get to heaven: "Hey God, why so many beetles?"
QUICKIES:
"What's the difference between ignorance and apathy?" I don't know, and I don't care!
Demeter
(85,373 posts)Perhaps the biggest clue we have from science is the fact that its so difficult for machines to create good humour. Engineers have been hard at work for decades designing robots that tell jokes. Among the efforts are JAPE, the Joke Analysis and Production Engine; STANDUP, the System To Augment Non-speakers Dialogue Using Puns; LIBJOB, the light bulb joke generator; SASI, a sarcasm-detecting program; and DEviaNT, the Double Entendre via Noun Transfer program, which finds the perfect spots in natural language to insert Thats what she said.
Plus, for computer programmers looking for just the right witty acronym for the next big comedy computer, theres the HAHAcronym Generator. But what have most of these attempts have revealed is that computers have a hard time telling anything but dumb jokes.
Computers excel in working with simple, fixed data sets, explain Joel Warner and Peter McGraw, authors of the book The Humor Code: A Global Search for What Makes Things Funny. Its why most joke-generating programs have so far focused on puns and other wordplay, since finite word lists and specific definitions are easy for computers to scan and parse. But most comedy trades in concepts that arent simple or fixed at all.
The best comedy, they say, draws from a wide world of attitudes, assumptions, morals, and taboosmost of which arent even mentioned in the joke, just subtly hinted at.
So if we aim to have computers truly get jokesmuch less to come up with their own and know when and to whom to tell themwere essentially going to have upload into them all of humanity. Plus it seems pretty clear that good comedy breaks the rules and revels in the peculiar. And thats exactly the sort of stuff computer programs arent very good at.
Certainly, machines and human brains cant be compared any more than apples and oranges, but these findings do hint at a sort of truth to the humour-intelligence theory. If human intelligence is capable of creating and interpreting humour in a way that computer programs arent, then maybe higher intelligence does indeed correlate with better humour.
Cited From: http://www.opencolleges.edu.au/informed/features/intelligence-humour-are-smart-people-funnier/#ixzz3X150JaFU
finally, a job that will never be automated!
Demeter
(85,373 posts)The White House Correspondents' Association (WHCA) is an organization of journalists who cover the White House and the President of the United States. The WHCA was founded on February 25, 1914, by journalists in response to an unfounded rumor that a Congressional committee would select which journalists could attend press conferences of President Woodrow Wilson.
The WHCA operates independently of the White House. Among the more notable issues handled by the WHCA are the credentialing process, access to the President and physical conditions in the White House press briefing rooms...
White House Correspondents' Dinner
The WHCA's annual dinner, begun in 1920, has become a Washington, D.C., tradition and is usually attended by the President and Vice President. Fifteen presidents have attended at least one WHCA dinner, beginning with Calvin Coolidge in 1924. The dinner is traditionally held on the evening of the last Saturday in April at the Washington Hilton.
Until 1962, the dinner was open only to men, even though WHCA's membership included women. At the urging of Helen Thomas, President John F. Kennedy refused to attend the dinner unless the ban on women was dropped.
Prior to World War II, the annual dinner featured singing between courses, a homemade movie and an hour-long, post-dinner show with big-name performers. Since 1983, however, the featured speaker has usually been a comedian, with the dinner taking on the form of a roast of the President and his administration.
The Dinner is a scholarship benefit for gifted students in college journalism programs.
Many annual dinners were cancelled or downsized due to deaths or political crises. The dinner was cancelled in 1930 due to the death of former president William Howard Taft; in 1942, following the United States' entry into World War II; and in 1951, over what President Truman called the "uncertainty of the world situation."
Dinner criticisms
The WHCD has been increasingly criticized as an example of the coziness between the White House press corps and the Administration. The dinner typically includes a skit, either live or videotaped, by the sitting President in which he mocks himself, for the amusement of the press corps. The press corps, in turn, hobnobs with Administration officials, even those who are unpopular and are not regularly cooperative with the press. Increasing scrutiny by bloggers has contributed to added public focus on this friendliness.
After the 2007 dinner, New York Times columnist Frank Rich implied that the Times will no longer participate in the dinners. Rich said that the event is "a crystallization of the press's failures in the post-9/11 era" because it "illustrates how easily a propaganda-driven White House can enlist the Washington news media in its shows."
In recent years, the dinners have drawn increasing public attention, and the guest list grows "more Hollywood". The attention given to the guest list and entertainers often overshadows the intended purpose of the dinner, which is to "acknowledge award-winners, present scholarships, and give the press and the president an evening of friendly appreciation." This has led to an atmosphere of coming to the event only to "see and be seen." This usually takes place at pre-dinner receptions and post-dinner parties hosted by various media organizations, which are often a bigger draw and can be more exclusive than the dinners themselves.
AND OF COURSE, WE WILL NEVER FORGET SOME OF THINGS THEY SAID:
Demeter
(85,373 posts)Demeter
(85,373 posts)SEE VIDEO CLIP! IT'S REVEALING!
http://finance.yahoo.com/news/dimon-now-summers-theres-liquidity-130120509.html
Former Treasury Secretary Larry Summers said regulators should make a priority of addressing the problems of bond market liquidity, brought on by their very efforts to make institutions safer after the financial crisis. Summers, speaking Thursday on "Squawk Box," responded to comments made by JPMorgan CEO Jamie Dimon who said recent volatility in the currency and Treasury markets was a "warning shot across the bow."
The drumbeat about liquidity questions in the corporate bond market but also Treasury market has gotten louder, and Dimon used his annual letter to shareholders as soap box to warn about the issue. Bond market participants blame post-financial crisis regulations aimed at making the activities of financial institutions safer by restricting capital use. In the Treasury market, they point to the fact that the Fed holds a massive amount of Treasury supply on its more-than-$4 trillion balance sheet, keeping it off the market. Another issue often discussed by traders is the reduced head count at Wall Street's primary dealers.
"I think what Jamie was actually addressing was not the quantitative easing question. I think it was questions around liquidity in markets, and I do think that does need to be a preoccupation of regulatory authorities, and I think there's a danger that in their enthusiasm for keeping each individual institution safe that regulatory authorities will lose sight of keeping markets open and liquid, and I think that is a legitimate concern that is raised," Summers said.
Dimon pointed to the rapid 40-basis-point move in the Treasury market Oct. 15 as an illustration of the problem. He described the event as "unprecedented" and the type of "event that is supposed to happen only once in every 3 billion years or so" though he noted the event was easily absorbed by the market.
"I thought regulatory authorities made a mistake when they looked at each institution, and said, 'You'll be safer if you withdraw from the markets a bit,' and then forget that if all institutions withdraw from the markets a bit, the markets would be less liquid. The markets themselves would be less safe. That would, in the end, hurt all institutions," Summers said.
"I think there is a real issue there. Frankly, a lot of the effort that's going into macro prudential should be into making sure we have liquidity," Summers said.
In response to Dimon's comment on a 3 billion year event, he said that remark said to him that the CEO was looking at some model for judging tail risk that wasn't any good. Dimon said the liquidity issue has not been tested when markets are under duress.
"The banking system is far safer than it has been in the past, but we need to be mindful of the consequences of the myriad new regulations and current monetary policy on the money markets and liquidity in the marketplace-particularly if we enter a highly stressed environment," Dimon wrote in his annual letter.
He also said it seems to be problem for foreign exchange. "Some currencies recently have had similar large moves. Importantly, Treasuries and major country currencies are considered the most standardized and liquid financial instruments in the world," Dimon said.
Demeter
(85,373 posts)...Ive spent 40 years trying to highlight just how limited the dominant ideas in economics are. But even I didnt fully appreciate how tiny the intellectual gene pool behind these ideas was.
Then, as I started to write a post on the economic issues in the Bernanke-Summers debate, I re-read Summers original secular stagnation post and realized that, not merely were the ideas coming from a single perspective, most of the major proponents of these ideas came not only from the same University (MIT), and even the same seminar (Class 14462, conducted by Stanley Fisher).
Think of the dominant names in economics and there are a few obvious entries: Ben Bernanke; Larry Summers; Paul Krugman; Olivier Blanchard; Ken Rogoff. Summers acknowledged all of them (bar Krugman) as classmates from Stanley Fishers seminar, while Krugman did his PhD at MIT (as did the other dominant macro textbook authorand ex-advisor to George W. Bush and Mitt RomneyGregory Mankiw).
This goes well beyond the dominance of economics by a single school of thought, and I felt that in-breeding was a nasty but evocatively accurate way to express just how narrow the so-called economic debate had becomeand therefore how justified were student calls for pluralism in economics. Hell, we dont simply need pluralism: we need to hear opinions from people who didnt attend Stanley Fishers lectures. Maybe being nasty about this might get people to realize why economics needs to change.
Demeter
(85,373 posts)...Sales of durable goods at U.S. distributors in January and February suffered the biggest two-month drop since the recession's last gasp in early 2009, figures from the Commerce Department showed Thursday in Washington....
PROVING ONCE AGAIN THAT THE AMERICAN AND GLOBAL RECOVERIES ARE JOKES
Demeter
(85,373 posts)Huge crowd of commuters rock subway train to free 70-year-old woman whose leg was trapped between a carriage and the platform in Moscow
http://www.dailymail.co.uk/news/article-3032307/Huge-crowd-commuters-rock-subway-train-free-70-year-old-woman-leg-trapped-carriage-platform-Moscow.html#ixzz3X1CtF916
A helpless woman whose leg was trapped between a train and a platform in Moscow was freed when dozens of commuters rocked the carriage to help free her.
The elderly traveller became stuck between the platform and the train as it pulled into a station on the citys subway network. But when she struggled to get free, a crowd of people stood on the platform pushed the train carriage forward to give the 70-year-old woman a chance to get free. After 15 seconds of rocking the train the woman managed to release her leg and was lifted to safety before she was taken to hospital to be examined, Life News reported.
The extraordinary scenes follow a similar incident in Perth in August, when a man fell between the platform and carriages as he stepped onto the 8.50am service. Staff and passengers collectively rocked the carriage to save the man and his leg from serious injury.
NOW THAT'S POWER TO THE PEOPLE AND REAL PEOPLE POWER!
Demeter
(85,373 posts)by Brad DeLong
There have long been a bunch of hypotheses about why the American middle class feels stressed in spite of constant real incomes and what appears to me increased utility over time as more expenditure shifts toward information goods where consumer surplus is a higher multiple of factor cost:
- Americans are used to seeing real incomes improve at 2%/yeardoubling every generationand they have not been getting that. Living little better than your predecessors a generation ago is an unpleasant shock.
- The things that have been becoming cheaper are not seen as things key to your middle class status, while the things becoming more expensive and difficult to obtaina detached house in a good neighborhood with a short commute, health insurance, secure pensions, a good education for your childrenare things that it used to be taken for granted a middle-class family could get. HE FORGOT TO MENTION THE SECURE RETIREMENT
- The widening gap between the middle class and the upper class.
Now come Emmons and Noeth with a new and very interesting hypothesis: that people who have done better than their parents with respect to education and family structure are no richer, and people who have matched their parents with respect to education and family structure are poorer. In other words, people who thought they were upwardly mobile are finding themselves with no higher real incomes. And people who thought they were sociologically stable are finding themselves poorer:
Michael Hiltzik: Why the middle class is doing even worse than you think LA Times: The numbers say that the middle class is doing OK . Middle class families themselves say theyre being crushed under economic hobnail boots
http://www.latimes.com/business/hiltzik/la-fi-mh-why-the-middle-class-is-doing-20150407-column.html
Sociologists define the middle class demographically . Households headed by someone aged at least 40 with near-average income and wealth, headed by a white or Asian with a high-school diploma, no more or less, or by a black or Hispanic with a two- or four-year college degree . These households are sandwiched between thrivers, families with above-average income or wealth, headed by someone with a two- or four-year college degree who is non-Hispanic white or Asian; and stragglers, headed by someone without a high school degree or, if black or Hispanic, a high school diploma at most .
The real middle class (blue) has been sinking upper-income Thrivers (orange) have been doing better relative to their benchmark, the 75th percentile of U.S. income, and low-income Stragglers (green) have been holding steady . The median income of the demographically defined middle class is 16% lower now than it was in 1989 . The sociologically defined middle-class family ranked at the 55th percentile of U.S. income earners in 1989; by 2013 it had fallen to the 45th percentile
http://delong.typepad.com/.a/6a00e551f08003883401b8d0fe8743970c-pi
Demeter
(85,373 posts)A Michigan family with two toddlers and an infant was stranded in Yemen after being forced from its home by rebel gunmen. A California woman tried to flee through an arrangement with the embassy of Djibouti, but failed. A mother of four from New York also tried that route, at the State Departments suggestion, only to hear the same reply: There would be no help.
These accounts are among dozens presented in a lawsuit filed Thursday by Arab and Muslim civil rights groups seeking to force the Obama administration into taking action to bring home U.S. citizens who are stuck in Yemens worsening conflict.
At least eight other countries including Russia, China and India have rescued their citizens, but the United States has refused to launch an evacuation effort. U.S. officials claim that Yemen, where a U.S.-backed, Saudi-led air campaign is pummeling targets, is too dangerous for U.S. personnel to risk their lives, though U.S. aircraft have refueled Saudi bombers for the last two days, Pentagon spokesman Army Col. Steve Warren said.
You can expect we will do so every day from now on, Warren told McClatchy.
MUSLIM-PHOBIA...IT'S AN AMERICAN EPIDEMIC. CAN ONE BE A BELIEVER IN ISLAM AND STILL BE AMERICAN? EVIDENTLY NOT!
Demeter
(85,373 posts)Demeter
(85,373 posts)In a sign of a blossoming friendship, Russian President Vladimir Putin has given visiting Greek Prime Minister Alexis Tsipras an ancient Greek icon stolen by Nazis during the German occupation of Greece as the two countries mulled a series of economic projects.
Greece's international creditors are watching Tsipras' visit to Russia with concern amid speculation that Greece might seek aid from Russia, as a bargaining chip with Western creditors.
Putin's spokesman Dmitry Peskov said Putin presented the icon depicting St. Nicholas and St. Spyridon to Tsipras following Wednesday's talks at the Kremlin. He said in remarks carried by Russian news agencies that the icon was stolen by a Nazi officer when Greece was under German occupation in the Second World War, and was recently bought by an unidentified Russian man from the officer's descendants....
...Speaking to students, Tsipras said he and Putin have found a way to resume Greek agricultural exports, which were blocked last year under Russia's ban on Western food in retaliation to the EU sanctions. Putin said Wednesday it could be done by setting up joint ventures.
Tsipras also confirmed the two countries have agreed to look into the possibility of extending a Russian gas pipeline to Greece and encourage Russian companies' participation in the privatization of Greek industry.
Demeter
(85,373 posts)It seems only yesterday that most of the worlds largest corporations were based in the United States.
- General Motors, which not only towered over Ford and Chrysler but made Toyota and Volkswagen look positively Lilliputian. Those days are gone. On most measures Toyota and Volkswagen are now running neck and neck with GM...
- U.S. Steel had been the global leader in sales revenues. Now the largest players are Luxembourg-based ArcelorMittal, followed by Nippon Steel of Japan, and Heibei Steel of China. As for U.S. Steel, it is way down at 13th.
- Dow Chemical was once the leader but Ludwigshafen-based BASF now boasts more than 30 percent higher sales revenues. Rubbing salt in American wounds is the fact that BASF was once a division of the notorious IG Farben, the company that supplied poison gas to the Hitlers gas chambers.
- Pfizer has been passed by Basel-based Novartis.
- Standard Oil and its biggest successor company Esso (later renamed Exxon) led the industry. Slowly but surely, however, Royal Dutch Shell, an Anglo-Dutch corporation formed by a merger in 1907, crept up. Even though Exxon merged with Mobil in 1999, this was not enough to stay ahead. As of today Royal Dutch Shell boasts sales revenues more than 7 percent higher than Exxons. The proposed merger with BG will boost Royal Dutch Shells revenues by a further 5 percent. Already ExxonMobil has fallen to fourth in the world, outranked by Sinopec and China National Petroleum and this does not include Gazprom and Aramco, which are excluded from conventional rankings because of their close connections with their home-country governments.
Why has the United States been losing out in the superlatives game? Several factors are clearly involved, of which the most obvious is the rise of stock options in American business culture. Stocks options provide a strong incentive to maximize profits in the short run, with often unfortunate results for the long term. Of course, it is often suggested that corporate size is no longer important in national economic competition. This is surely a limited view. In one key area, size makes a major difference research and development. By and large the larger a corporations revenues, the more it can afford to spend on R & D. And R &D is the key not only to future profitability but to high-paying jobs.
Demeter
(85,373 posts)The company's namesake Gap stores and its Old Navy brand target two different groups of consumers. Gap uses trendy ad campaigns to attract cool, trend-conscious shoppers. Old Navy sells to value-seeking families. The brands' recent sales results show that Americans seem more concerned with saving money than being cool.
Sales at Gap's namesake brand plummeted 7% in March, and are down 14% from two years earlier, according to a recent report by Morgan Stanley. Banana Republic sales fell 3%. Meanwhile, the company's cheaper Old Navy label is thriving, with a sales increase of 14% in March, according to the same report.
The company blames supply-chain issues and off-trend fashions for the decline at Gap stores. But the economy also seems like a likely factor.
Old Navy's prices are much lower than those at Gap or Banana Republic, the company's higher-end label. A pair of Gap men's jeans retails at $69.95, while the Old Navy version costs $29.94.
Warpy
(111,261 posts)The sun was warm but the wind was chill.
You know how it is with an April day.
When the sun is out and the wind is still,
You're one month on in the middle of May.
But if you so much as dare to speak,
a cloud come over the sunlit arch,
And wind comes off a frozen peak,
And you're two months back in the middle of March.
My taxes were done on April Fool's day, but since I owe money, I'll send them off at the beginning of the week. Haha, take that, IRS, I earn the few days' interest and you don't.
Demeter
(85,373 posts)The sun was warm, the breeze was light, and the movie was good.
The Kid and I went to see "Home", an animated version of a children's novel. It was funny, meaningful, and beautifully drawn and voiced. I don't know why the reviewer I read was so negative about it....no car chases or gratuitous violence, I suppose.
I also cleaned out my neighbor's patio garden...she's over 80, and it wasn't too bad....I re-set the border fencing, pulled the weeds and debris out, raked it over, replanted the stuff she wanted to save. Tomorrow she gets mulch, and then it's ready for any gardening adventures she likes.
Also did the laundry and dishes and stuff...never enough, but tomorrow is another day.
Demeter
(85,373 posts)TINA (THERE IS NO ALTERNATIVE, AS MARGARET THATCHER ALWAYS SAID WHEN SHE WAS VICIOUSLY CRUEL TO HER PUBLIC POOR)
http://www.zerohedge.com/news/2015-04-08/odious-debt-has-finally-arrived-greece-write-illegal-debt
It was back in June 2011 when we first hinted that the time of Odious Debt is rapidly approaching. As a reminder, this is what Odious Debt is: In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion...Today, nearly four years later, Odious Debt is now a reality in Greece, where Zoi Konstantopoulou, the head of the Greek parliament and a SYRIZA member, released two videos which have promptly gone viral, designed to promote the investigative parliamentary committee to look into the circumstances surrounding the signing of the countrys two bailout agreements that led Greece to implement its austerity measures.
The short video spots, shown below, end with the message Check it, Erase it referring to the countrys 320 billion-euro debt.
That this concept emerges now is perhaps confusing: it was just a few days ago when the Greek FinMin promised to the IMF that Greece would honor all of its debt commitments. Should Greece decide that some (or all) of its debt was illegal and unenforceable, this will clearly not happen. Then again, this is the same political party that made pre-election promises whose execution would require about 30 billion according to German calculation, so the relentless flipflopping is not very surprising. On the other hand, while perhaps Greece was hoping for a more favorable outcome from Tsipras' meeting with Putin today, the resultant outcome which led to virtually nothing (that was revealed at least) may embolden the Greek nation to push on with this track which is certain to infuriate the Troika.
According to Greek Reporter, Konstantopoulou has said that the newly established Debt Truth Committee, will investigate how much of the debt is illegal with a view to writing it off...Proving that this is more than just a populist stunt, during a vote that took place early yesterday, out of the 300 Greek MPs, 156 voted in favor of establishing the public debt auditing committee.
The committee will examine how Greece entered into the bailout agreements with its international lenders, as well as any other matter related to the memoranda implementation, SYRIZA Parliamentary Secretary Christos Mantas had explained earlier.
We are fulfilling our commitment and the social demand to explore the causes and responsibilities of an unprecedented crisis that devastated the vast majority of society, Mantas added.
If the Greek "Debt Truth Committee" indeed persists with determining how much of its debt is legal and enforceable, and ultimately decides to rescind some (or all) of it, the only question is how long until other countries around the world, all of which are burdened with massive, untenable debt loads across the government, financial and household sectors, decide it is time to do the same and declare a fresh start. Because as the end of the day, the winners will be 99% of the population - or all those who have been trampled upon by the central banking regime and their crony capitalist, private bank and oligarch backers. The only losers will be that 0.01% of the population which benefited during the past 8 years of what is now obvious to all has been nothing more than a farcical global "recovery."
Demeter
(85,373 posts)A CASE OF "ODIOUS AMERICAN IMPERIALISM?"
http://www.informationclearinghouse.info/article41512.htm
... A little detail, nobody talks about, and maybe most pundits even honest ones are not aware of. In 2007 Iran was about to launch the Iranian Oil Bourse (IOB) an international hydrocarbon exchange, akin to a stock exchange, where all countries, hydrocarbon producers or not, could trade this (still) chief energy source in euros, as an alternative to the US dollar. This, of course would have meant the demise of dollar hegemony the liberation of the world from the dollar stranglehold. This was inadmissible for Washington. It would have meant the end of the dollar as the worlds chief reserve currency, and giving up the instrument of coercing the world into accepting Washingtons dictate, the tool that serves to dish out sanctions left and right no way!
Hundreds of billions of dollars worth of hydrocarbons are traded on a daily basis; huge amounts of dollars that find no justification in the US economy, but they allow the FED to print money at will and every new dollar is a dollar of international debt, filling the reserve coffers of nations around the world, thereby also gradually devaluing the US currency, but barely affecting the US economy. As long as petrol and gas are traded in dollars a negotiated imposition on Saudi Arabia by Father Bush, friend of the House of Saud, in the early 70s under the Carter Administration, in return for military protection and as long as the world needs hydrocarbons to fuel its industries, so long the world will need dollars, insane amounts of dollars. The so-called Quantitative Easing (QE) allowed the US to print hundreds of billions, if not trillions of dollars to finance wars and conflicts around the globe, and to fund the relentless Zionist-Anglo-Saxon lie and propaganda machine. No problem. Its just debt. Debt paradoxically carried by the very countries that the empire eventually fights and lies to; countries which hold dollars in their reserves.
Hardly anybody knows that the real US debt, consisting of unmet obligations has risen in the last 7 years from about 48 trillion to close to 130 trillion dollars in 2014 (GAO General Accounting Office), about seven and a half times the US GDP. Comparatively speaking, a debt by a multiple higher than that of troika (EU-IMF-ECB) badgered and shattered Greece.
Allowing a country like Iran to destroy the US hegemons power base by taking a sovereign decision to abandon the dollar for oil and gas trading no way. A pretext had to be invented to punish the country which according to George W. Bush became a link of the axis of evil. What better than the nuclear threat with the full support of Israel, of course. Bolstered by worldwide media manipulation, Iran became a nuclear menace not only for Israel and the entire region, but also for the US of A. A threat for the empire, some 15,000 km away, when at that time the most powerful Iranian long-range missile had a range capacity of about 2,000 km...This sounds almost like the latest (bad) Obama joke, accusing Venezuela of being an imminent threat to the United States. It would be laughable, if it wouldnt be so sad, so criminal actually. Because this lie is followed by economic warfare, akin to the one led against Russia which eventually backfired punishing the sanctioneers themselves, especially the Europeans. When the real impact of the sanctions became evident, the MSM were simply silent. People easily forget. Without opening their eyes, they remain gullible for the next lie.
The dollar is the ultimate pillar of the empires world hegemony. Without it, it is doomed. Washington knows it.
MORE
Demeter
(85,373 posts)The two major political parties unconscionable waste of money officially commences this weekend, as Democrats and Republicans will soon begin spending an estimated five billion dollars of their corporate puppet masters assets in an unquenchable pursuit of power.
The billions, which could be spent rebuilding the nations crumbling infrastructure, improving schools, or reducing the scourge of malaria in Africa, will instead be squandered in a heinous free-for-all of slander and personal destruction, alienating voters as never before.
The media will inevitably focus on the personalities of the bloated roster of narcissists lusting after the White House, but scant attention will be paid to the Wall Street bankers, industrial polluters, and casino magnates whose grip on American democracy will remain vise-like.
While attention this weekend turns to the Democrats, the Republicans remain quietly confident about their chances of purchasing the nations highest office. In the words of one top operative, Our billionaires can beat their billionaires.
Demeter
(85,373 posts)Lambert here: That Silicon Valley catchphrase Move fast and break things has always made my back teeth itch. So, what Eskow says here most definitely needs to be said. I see no reason whatever to give Silicon Valley squillionaires deference. We should stop doing that.
By RJ Eskow, a blogger and writer, a former Wall Street executive, a consultant, and a former musician. Originally published at Alternet.
Nowadays the Silicon Valley is either celebrated as a hotbed of creativity or condemned as a cauldron of greed and wealth inequality. While there are certainly some talented and even idealistic people in the Valley, theres also an excess of shallow libertarianism, from people who have enriched themselves with government-created technology who then decide theyre being held back by government. Thats shortsighted and vain. And yes, there are serious problems with sexism and age discrimination problems which manifest themselves with some ugly behavior. But such ethical problems arent solely, or even primarily, the product of individual character defects. Theyre the result of self-reinforcing cultural norms at work. Anthropologists and sociologists could do worse than study the tech culture of the Silicon Valley. It would be important work, in fact, because this insular culture is having a deep and lasting impact on our economy and society. Here, to star them off, are five socially destructive aspects of Silicon Valley culture:
- 1. Tech products become the byproducts of a money-making scheme rather than an end unto themselves.
******
Instead of building a better mousetrap, the new Silicon Valley business model works like this:
i. Give your mousetrap away for free, or as close to free as you can make it. (Since youre working with digital signals transmitted over a government-invented network, that can usually be done at minimal cost. In other cases it pays to benefit from a government tax loophole (see Amazon) or make an end run around the regulations your competitors must follow (see Uber, Lyft, and AirBnB).
ii. Use these government-conferred advantages, along with your own aggressive market moves, to gain a large or decisive marketshare. (See Amazon, Facebook, etc.) In exceptional cases, actually build brilliant and superior software to win your market share. (See Google.)
iii. Use your newfound market share to a) bend government to your will wherever possible, b) screw down your suppliers prices, c) hit your customers with increased prices and/or new ads or other profit-making devices, and d) manipulate your customers without their knowledge. (See Uber, Amazon, Google, Facebook, et al.)
This business model has directed much of the Valleys efforts away from inventing genuinely creative new products and toward the kinds of aggressive tactics that, as weve written before, would be very familiar to the Robber Barons of the 19th century.
2. Even inspired leaders internalize a worldview which places profits over humane behavior.
3. The culture encourages a solipsistic detachment from reality, even as its brute economic strength colonizes everything it touches.
4. The Valley gets fixated on lame (and sometimes antisocial) buzzwords.
Move fast and break things, said Mark Zuckerberg in a much-repeated quotation. Other tech types prattle on about the next Big Idea. And almost everyone wants to disrupt an existing industry. Why is it good to move fast and break things? Isnt it usually wiser to move carefully and build things? There may be times when its wise to act rapidly, or break with conventional ways of doing things. But there are also times when a hastily-executed rollout dooms a product. Sometimes it makes sense to improve the established ways of doing things, rather than upend them altogether...When you think about it, what does this expression even mean? Its only repeated because a) it sounds smart, and b) it was spoken by someone who is extremely wealthy, and such people are to be imitated whenever possible in the hope that some of their magic will rub off.
5. Silicon Valleys culture is hurting our economy.
Politicians like to celebrate the tech industry as a boon to the economy, but for most Americans the opposite is true. As economist Joseph Stiglitz and others have documented, monopoly practices exert a significant drag on the economy. The economy becomes increasingly capital-driven, rather than labor-driven. Monopolies suppress wages, overcharge consumers, mistreat suppliers, and drive the economy increasingly off-course. Theres also a price to be paid for product inefficiency. Monopolies can sometimes squander human capital that is, waste peoples time by forcing them to struggle with inefficient products like Microsofts operating system or Facebooks user interfaces. Multiply every minute wasted on a Windows inefficiency or Facebooks privacy settings by millions of users, and the cost begins to add up.
The Valleys hurting our economy in another way, too. Somehow, some of the titans of tech have gotten the misguided idea that they are exemplars of libertarian self-created success. Nothing could be further from the truth. The Silicon Valley runs on government-subsidized technology, from microchips to the Internet itself. Corporations like Amazon used government-created tax breaks to build near-monopoly leverage and turn it against their suppliers. And now, having enriched themselves through government generosity, some of the Valleys billionaires are using their publicly-assisted wealth to back political candidates and organizations under a libertarian label that is better described, at least economically, as a far-right agenda. These candidates and organizations push our political dialogue in a more conservative direction which in turn creates a political climate which tends to permit more of the things that have already wounded our economy, like deregulation and lower taxes for the wealthy and corporations.
DETAILS AT LINK
Demeter
(85,373 posts)Actually, Im a few days late; a defeated Lee surrendered to Grant at Appomattox Courthouse on April 9, 1865. The historian David Blight writes:
Necessarily, the ruling class of the previous Constitutional order the slave power that sought to survive and thrive as the Confederate States of America was destroyed, as the master-slave relation on which its rule rested was destroyed when it lost its war of independence. (How that members of that class reconstituted themselves as a truly repellent regional oligarchy is, perhaps, a topic for another time.)
In this post, Im going to annotate passages from Elizabeth Fox-Genovese and Eugene D. Genoveses The Mind of the Master Class, to remind us what the stakes in the Civil War really were, and to see some of the ways in which the past illuminates the present. I chose the passages for vividness of expression; in no way is this post meant to be a systematic treatment. I should also disclose my priors: Im mostly Yankee, and partly Canadian.
A Genuine Slave Society
From the Preface of The Mind of the Master Class, pp. 1-2:
Much as our own society is based on wage labor, our own ruling class having similar concerns (Doing Gods work).
Indeed, and indeed.
It may be that at some point, human rental (the Genoveses characterize wage labor as free labor) will be regarded with the same horror and moral repugnance as human sale (through slavery). Time will tell!
The Role of Religious Practitioners
From History as the Story of Freedom, pp. 236-237:
And whos to say they werent right?
One thinks wowsers, but that would be presentist, wouldnt it?
Fascinating. I suppose at some point, then, I have to read up on the history of lynching, including the lynching of outside agitators.
Slaveholders Virtues and Vices
From Entracte, pp 98 et seq.:
Im baffled by the causality here, despite having read through these passages several times.
John England, the intellectually gifted Irish-born Catholic Bishop of Charleston, said of its people: The nature of their institutions impresses a peculiar immobility on their individual opinions and conduct. Landed wealth, descending from sire to sone though a longer series than is usual with the possessions of mercantile communities, while it confers more social stability, imparts, with hereditary refinement of taste and manners, no moderate tenacity on every subject of family pride .
If Jefferson Davis displayed many of the virtures of the best of his class, even his devoted wife testified that he carried his pride to a dangerous extent: He was always sure he was right. The Confederacy paid dearly for the pride of many brave officers and soldiers who lacked the discipline and submission to military and political authority that war requires. Pride easily passed into recklessness, and Southerners, especially slaveholders, could forget the words of the Good Book: Pride goeth before destruction, and an haughty spirit before a fall (Proverbs 16:18).
History doesnt repeat, but it rhymes. However, in a sign that I havent achieved, as it were, escape velocity from our current ideological dispensation, Im not able to come up with a parallel set of virtues appropriate to the ruling class of our own day. Capitalists, possibly Thrift, thrift, Horatio but financiers? Im drawing a blank. Readers? And they will have virtues, if only in their own minds; they couldnt rule without them.
Race
The Purest Sons of Freedom, pp 69-70:
Neither slavery nor serfdom was racially determined. From ancient times Europeans had recruited (!) slaves without regard to race, and whites overwhelmingly predominated among the millions of slaves being held within Europe. When European overseas expansion in the fifteenth century made Africa the principal source of slaves, slavery became identified with racial stratification. Muslims and then Christians entered Africa and carried off enormous numbers, largely sold to them by other Africans. Over time Muslims, too, increasingly identified slave status with blackness, although less rigorously than Christians did. During the next four centuries it was in the vast plantation system of the Americas that both the critique as well as the defense of slavery came to focus on racial as well as class stratification.
And here we are. Whatever we might mean by race, class, and how they intersect as well as stratify.
John C. Calhoun on Slave Labor vs. Wage Labor
From The Age of Revolution through Slaveholding Eyes, pp. 62-68:
Speaking carefully so as not to ruffle his northern political allies, Calhoun frequently returned to the question of slavery in the abstract. When, during the 1840s, northern Whigs charged him with advocating enslavement of whites, Calhoun reacted angrily. No, he never justified enslavement of whites; he merely predicted that current economic policies, if continued, would reduce white laborers to slavery. He did, however, repeatedly assert that civilized society required some form of servile labor, and he characterized free labor as disguised slavery. His Rough Draft for The Exposition rebuked Federal policy for making the rich richer and the poor poorer, and in its final version predicted class war in free labor countries.
Calhoun did his best to keep on racial ground. Southern slavery, he told the Senate in 1836m was not merely a system of property ownership and labor organization bu a system of racial control. Inadvertently, he surrendered much of his racial argument by insisting that labor alone creates wealth; that war against slavery threatened all propert systems; that civilized societies live off the labor of the masses; and that racial differences give peculiar form to the essential struggle between capital and labor. Again reassuring the Senate that he rejected slavery in the abstract and supported only racial slavery, he asserted the fact of an immutable historical law that necessitated one portion of the communitys dependence on the labor of another: There is and has always been in an advanced stage of wealth and civlization, a conflict between labor and capital. The condition of society in the State exempts us from the disorders and dangers resulting from this conflict; and which explains why it is that political condition of the slave-holding States has been so much more stable and quiet than that of the North.
This reminds me of the idea that racism is not so much a psychological condition as a project, and that it never exists without a purpose. (Iagos motiveless malignity is no such thing.)
On the verge of death, Calhoun made his last stand for southern rights in opposition to the Compromise of 1850 and left to posterity his Disquisition on Government Discourse on the Constitution. He had just about abandoned his lifelong struggle to save the Union. Was he primarily interested in saving slavery? Of course he was: To him, slavery was not only a labor system but the foundation of republican social order.
As indeed, in Rome, it was.
Which, when you think about it, is no more crazypants than Ben Bernanke pumping a few squillions into the unreal economy because loanable funds theory. Eh?
Conclusion
From Lincolns Second Inaugural Address, majestic:
Of course, wringing their bread from the sweat of other mens [sic] faces isnt only done through the master-slave relation; as Calhoun points out!
Notes
(1) Oddly, or not, one does not hear of Northern wage laborers voting with their feet and heading South to be enslaved. I wonder why?
Demeter
(85,373 posts)so talk amongst yourselves....when the pain exceeds my tolerance threshold, I'll stop in for a rest and review. And have a good week, y'hear? The weather is improving...it may still go down to frost at night, but the days get into the 60's so it's possible to do stuff outside without a hundredweight of restrictive clothing. Or open windows, even!