Links Groundhog Day

Museum finds ‘stunning’ Mona Lisa copy Financial Times

McDonald’s confirms that it’s no longer using ‘pink slime’ chemical in hamburgers Sidesshow (hat tip Lambert)

Deadly strain of MRSA from US ‘has spread to UK’, warn doctors Daily Mail (hat tip reader May S)

Non, non and non Economist

Lightsquared – some comments John Hempton

Drone Swarms are Here: 1 Minute to Midnight? Global Guerillas. Aargh, you know this will lead to escalation of counter measures, such as a magnetic bomb.

Apple’s Ethical Blindness Selects for Criminal Suppliers in Fraud-Friendly Nations William Black, Huffington Post

Ohio Tries to Escape Fate as a Dumping Ground for Fracking Fluid BusinessWeek (hat tip Lambert)

I Don’t See How This Can Continue Tim Duy (hat tip reader Scott)

United States of Europe? What it Will Take to Save the Continent from Economic Collapse Ed Harrison, Alternet

Survey of Banks Shows a Sharp Cut in Lending in Europe New York Times

The perils of Mario Draghi’s €1.5 trillion blitz Ambrose Evans-Pritchard, Telegraph

As Greece Nears a Big Debt Deal, Investors Now Fret That Portugal Will Ask for the Same New York Times. This is not a news to NC readers.

Bundesbank sinks deeper into debt saving Europe Ambrose Evans-Pritchard, Telegraph

Super-Pacs erode Obama’s advantage Financial Times

No Country Left Behind (NCLB) and The Race to the Slop Daily Censored (hat tip reader May S). US infrastructure gets a D!

American Airlines proposes to end all four pension plans McClatchy (hat tip Lambert) :-(

US unemployment “progress” FT Alphaville. As in “none.”

John Kay: The Limits of Consistency and Rigor, and Why Economics Needs Eclecticism INET. I like Kay and this is a nice interview (I’d prefer it if they kept it as one clip or only divided it into two rather than breaking it into SO many segments).

Guilty Pleas Hit the ‘Mark’ Wall Street Journal. Per our post yesterday, why did this take so long?

Exclusive: Mortgage deal would give states enforcement clout Reuters. I don’t buy this, but the details are too sketchy to analyze it. But the portion (of course at the very end of the article) about the supervision scheme and the name of the person in charge of enforcement (not a heavyweight) is really not convincing.

The New American Divide Charles Hugh Smith (hat tip reader May S)

New York prosecutors ask Twitter to reveal Occupy Wall Street man’s tweets Guardian (hat tip reader May S)

Francis Fukuyama interview ‘Where Is the Uprising from the Left?’ Der Spiegel (hat tip readers Mark P and Swedish Lex)

Antidote du jour:

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83 comments

    1. AliceS

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    1. LeonovaBalletRusse

      rjs, yes, that’s *How It Works* for the LateStageMonopolyCapitalist Reich IV. Saint Ronnie showed the way to *get tough* with the Unions for the People, as he began the Putsch for the Southern Strategy/Opium Wars Party, in order to ruin American Manufacturing. Yes, there was a conspiracy to do this by the Global .01% and their trickle-down .99% for the Total Grab of the 1% at the expense of the 99%. Another *Smiley Face* purporting to be *doing Good* while doing *Evil*, like Jobs, Schmuckerberg, and the *guys at Google*. Sucker Plays.

    2. JerryDenim

      Just like GM? Try just like United and US Airways a decade ago. Some of those pilots individually lost millions. As a work group it was huge. The legal precedent has already been set for dumping the pension obligations on the USG Pension Loan Guaranty Corp while airline management take bonus’s for their genuis cost savings.

  1. Sam

    “McDonald’s confirms that it’s no longer using ‘pink slime’ chemical in hamburgers Sidesshow (hat tip Lambert)”

    Another reason to celebrate why I gave up eating beef years ago. So go ahead, chow down that industrial chemical laden staphburger. Pardon, I mean hamburger.

    1. MyLessThanPrimeBeef

      Don’t worry, they are working overtime make vegetables unsafe too.

      Welcome to the GM world!

  2. Middle Seaman

    Fukuyama is amazingly parochial for a person with world wide reputation. His analysis can be found daily in most papers and liberal blogs. He seem to be clueless about the left in the US. Basically, there is no left left. Nothing does rise or doesn’t. The last activity of the more organized left was the election of Obama who ended up being way right of center and in many ways worse than W. Obama hit the last nail in the left’s coffin.

    1. liberal

      From the intro to the article: “In a SPIEGEL interview, the author of ‘The End of History’ explains why he now believes that the excesses of capitalism are a threat to democracy and asks why there is no ‘Tea Party on the left.'”

      Among other things, the Left has a much more difficult collective action problem to solve, since it can’t rely on handouts from the filthy rich, unlike the Tea Party.

      1. Dave of Maryland

        The “left” is fragmented because it isn’t visceral. In effect, there is no “left”.

        1. scraping_by

          Speak for your own viscera.

          My own is quite sensitive to institutionalized corruption, bullying, cheating, lying, and other forms of oppression.

          It’s true that most people have substituted “legal” for “right”, as if laws weren’t man-made, or bought into arguments of necessity without looking at who benefits. So they don’t seek to impose what’s right against the oppression of the takers.

          Most “moderates” have liberal outlook without a humanitarian’s guts.

      2. LeonovaBalletRusse

        liberal, the playing field is not equal: the Right *authoritarians* are eager to be dominated by a Strong Man into *victory* in the *culture wars*; while true *liberals* are independent-minded and tend not to be *joiners* of canned groups. “MORAL POLITICS” by George Lakoff explains our disadvantage.

    2. Ignim Brites

      There is left-field left. But basically the collapse of the superstition of dialectical and historical materialism has left a vacuum. You can see it in Fukuyama’s intellectual fumblings. All his talk about the Tea Party voting against its economic interests. All their false consciousness. A whole generation is going to have to retire and die off before anyone can begin to see what is left.

    3. MyLessThanPrimeBeef

      The left can’t live without the right and the right cannot live without the left.

      They are a yin/yang pair.

      If one goes away, the other will surely follow.

      1. FaustCarton

        We must surely be at a time that with the confluence of events now shaping world history in such profound ways as, perhaps,they never have before (financial bombs,nuclear bombs, climate bombs), the only way to divide the political spectrum is now sensible stupid?

        1. FaustCarton

          As in sensible at one end and stupid at the other, as you would have guessed,(my dashes and arrows didn’t get submitted).

          1. MyLessThanPrimeBeef

            In a flat world, there is this end and there is that end.

            In a non-Euclidean world, this end is that end…east is west, west is east.

  3. Lloyd C. Bankster

    Now that we’ve got Taibbi on board, calling the Residential Mortgage-Backed Securities Working Group a victory and a sign that Obama is clearly listening to the Occupy Movement, there’s even more good news, with two new projects being rolled out just in time for Obama’s re-election:

    First, we’ve recruited Gaslands director Josh Fox to appear in a pro-fracking TV commercial. From being blacklisted and persona non grata on Capitol Hill for his anti-fracking film, you will watch as overnight he becomes a darling of the media, with guest appearances on Fox News as well as Charlie Rose to promote fracking, and an appearance with Robert Siegel on NPR, to explain how fracking actually *improves* the quality of drinking water.

    Second, the members of Occupy Wall Street (now unemployed and idle, with many of them in dire financial straits) are being recruited to appear in a 46 sec TV commercial for JP Morgan, in order to answer the question:

    What two things are good separate but better together? Um, cookies and milk, um, peanut butter and chocolate?

    Nope, the correct answer is JP Morgan and Chase. Got that OWS, keep rehearsing your lines and JP Morgan will pay you 9 bucks an hour to say the two things that are good separate but better together are JP Morgan *and* Chase.

    Admittedly this will not quite match the $4.6 million JP Morgan paid the NYPD to pepper spray you, club you with batons, then take all of your possessions and put them in a dumpster, but hey, at least now you’ll be getting in on a piece of the action.

    http://www.youtube.com/watch?v=8hkH3euO_gc

    1. A Good Bankster

      For anyone who can stomach watching this 46 sec commercial up to the 26 sec mark, ending at 30 seconds, the young woman who finally gets it, Ding Ding Ding! and responds “JP Morgan *and* Chase, JP Morgan *and* Chase, JP Morgan *and* Chase, with such enthusiasm, with such conviction, well, she would make the ideal financial reporter, and would be outstanding at any job in the US media. This woman is a perfect composite of Andrew Ross Sorkin, Ezra Klein and Roger Lowenstein all rolled into one. Like those three, this is a woman who clearly loves and adores everything that JP Morgan and Chase stand for.

      Have my boys contact the NY Times and tell them she’s hired. Contact Robert Siegel of NPR and tell him to hire the girl who responded cookies and milk, and have WaPo or Ezra Klein hire the girl who responded peanut butter and chocolate . The others can work for Bloomberg.

    2. LeonovaBalletRusse

      Lloyd, so is there a M&A afoot and they are testing the waters? As to the Stepford Wife, they must be a dime a dozen, kept in a warehouse somewhere until “their time has come.”

      1. Lloyd C. Bankster

        While I complained to Bloomberg about drumbeating in Zucotti Park, Jamie took action, paying the NYPD $4.6 million to crush the occupiers.

        Sometimes doing God’s work means helping out a friend.

  4. wunsacon

    >> Apple’s Ethical Blindness Selects for Criminal Suppliers in Fraud-Friendly Nations William Black, Huffington Post

    Wow. Thank you, again, Bill Black.

    1. MyLessThanPrimeBeef

      Building the iPhone was like Qin Shi Huang buidling his Great Wall of China…a demanding job, ruthless overseers, dead workers.

  5. Jay B

    The Other Global Settlement for the mortgage mess:

    While the 50 state AG global settlement gets a lot of attention, there is another “global settlement” process underway orchestrated by attorneys for the bondholder groups suing the big banks on put-back claims. A description of this is available at the blog subprimeshakeout.com.

    Some quotes from the current posting:

    Kathy Patrick, of the Houston-based firm, Gibbs & Bruns, has now trained her sights on the other big dogs in the world of pre-crisis MBS issuance.

    Patrick’s quote a Forbes article from October 2011:
    This group did not come together just to deal with Bank of America. They came together because they wanted a comprehensive industrywide strategy and an industrywide solution… They started with Bank of America because they thought they could achieve a template that they could extend to other institutions.

    In short, these developments have caused many bondholders, commentators and regulators to view this settlement as a sweetheart deal concocted by funds that want to maintain a cozy relationship with the big banks while satisfying their fiduciary obligation to do somethingabout the massive losses they’ve suffered in their MBS portfolios.

  6. Dave of Maryland

    All those swarming drones. Two problems:

    You fight a swarm with a swarm. Locusts, for example. Unlike insects, drones have limited range and limited time. Cost per unit, advantage locust. No, you can’t simply fly through them. Chopped locust bits will jam the motors, and evading them greatly shortens range. Will a blanket of malathion work? That’s already getting complicated, no? The manufacturer’s PR didn’t tell you this? As our host says, quelle surprise.

    Swarming drones will presumably be dropped in pods from mother drones high overhead. (Rather like cluster bombs.) Those mothers are dependent upon orbiting satellites. The keys to those satellites are held by the Russians. Not the US. (Think it through: The US is infested with Israeli spies, Israel is infested with Russian spies, military satellites are the key to the modern military, which makes their control the prime target of military intelligence, as well as the greatest military secret.)

    It seems the Iranians have obtained at least a partial key from the Russians (method: blackmail?), as was proved by their capture of a US drone. If we continue to mess with them they may well swap that key for a Pakistani nuke.

    Are we having fun yet?

    1. LeonovaBalletRusse

      Dave, a Biblical *plague of locust drones* looms large.

      *Unintended consequences* await their entrance? Tragedy or Farce?

    2. MyLessThanPrimeBeef

      Why not just up the dosage on West Nile mesquitoes, East Nile mesquitoes, North Nile mesquitoes and South Nile mesquitoes?

      It’s easily scalable to include Sea of Galilee mesquitoes, Dead Sea mesquitoes, Siberian mesquitoes, Quito mesquitoes, etc.

  7. wunsacon

    >> The New American Divide Charles Hugh Smith (hat tip reader May S)

    >> I think he is correct in fingering Savior State “free money” as the primary cause of the dissolution of working-class America’s communities and households:

    I love CHS’s work. But, c’mon, man…

    Why do such smart people overlook the giant elephants in the room? It’s absurd.

    First, internet-fueled globalization facilitated the mass migration of jobs to workers in China, India, Eastern Europe, and other locales. These countries probably quintipled the pool of workers available for hire globally. Surely, doesn’t CHS know the basic interplay between “supply and demand”? From reading his work, I know he does. But, he overlooks it here in his “search” to name the “Saviour State” (aka “nanny state”) as a root cause of our problems. Talk about missing the forest through the trees.

    The fall of communism (in China, Russia, and Eastern Europe) had quite a dramatic effect. Previously, these communist governments educated their people fairly well but remained a separate eco(n)-system. When China/Russia/EasternEurope switched their economic systems to capitalism — state-organized, of course (just like here) — the influx of educated workers into the global pool was very sudden. What do people expect when “supply” quintiples in a short period of time?

    Second, global population has doubled in, like, 30 years. But, we don’t need double the GE CEO’s or double the airline execs. Thanks to technology and M&A, we do more with less. Meanwhile, the importance of the positions at the top grows. Those who play by the “right” rules to secure one of these top positions grow rich by drinking from the adjacent income stream.

    Third, the great facilitator of globalization — the internet — deserves some special mention, because it drives job loss within borders, too. The internet is disintermediating supply chains. Pure distributorship businesses — often small businesses — are being rolled up (into giants like Amazon), because of economies of scale. With technologies like cloud storage, Apple only needs to keep a few copies of an “Imagine” mp3 player and simply stream it out to anyone who wants to listen to it. Well, the same thing is happening with knowledge work, too. We don’t need as many tax accountants in the world if TurboTax is available more cheaply online. (In turn, we don’t need as many tax accountant professors either.)

    In sum, these are *simple* observations. The factors creating job loss and wealth disparity are staring us in the face. No need to stretch for tenuous relationships. If there is, it’s likely bloggers, even CHS, are suffering from a bit of confirmation bias and distorting reality in order to make it fit their narrative.

    (Nevertheless, CHS is often a great read.)

    1. wunsacon

      More on the first item:
      – Foreign countries are destroying their environment tomorrow for a few good (er, well, as Bill Black points out: RSI-inducing, leg-swelling) jobs today.
      – Foreign labor rates are a fraction of those in the US.
      – China threatens you with jail if you try to start a union.

      Ross Perot and Sir James Goldsmith understood how globalization (with countries that don’t share the same eco and worker protections) would affect our societies. Sir James Goldsmith:
      http://video.google.com/videoplay?docid=5064665078176641728&hl=en

      1. LeonovaBalletRusse

        wunsacon, right. Perot’s *Giant Sucking Sound* was the sound of working stiffs in other countries being flushed down the toilet, just as American manufacturing was being flushed down the toilet ASAP. These EXECS are TRAITORS to America, and really guilty of wholesale Crimes Against Humanity.

    2. LeonovaBalletRusse

      wunsacon, the .01% and the wannabe .01% are just gobbling up everything in sight. Let’s face it, folks: Google and Facebook were nothing but vehicles for grabbing and dumping our personal data into the laps of predatory advertisers, for THEIR profit at OUR expense. “Suckers for Schmucks is the Name of the Game. Now do we comprehend the *genius* of Schmuckerberg?

      Facehookers, you have been had! Claim your sovereignty and kick the habit!

    3. Susan the other

      Der Spiegel. Translating Francis Fukuyama’s English into Subrosa, I get the following: Globalization happened too fast, causing maldistribution of the new global wealth because the old distribution system, also known as “jobs” was destroyed and the hapless middle class was, well, destroyed. Apparently he thinks this was an oversight. There is currently no mechanism to replace the old wealth distribution system and income inequality will bring the system down in the near future. He suggests we follow the German model. What is it? It is a state-planned economy that has a flexible labor force and good wages along with benefits and a safety net. Germany’s workers are secure altho’ they have not benefited as much as the rich, they have survived relatively in tact. Unlike, say, Club Med, the UK and the USA – land of the free.

  8. ep3

    re: amr pensions

    I ‘liked’ this line: “we spend more on them than our competitors spend on their retirement plans. We simply do not see a way we can secure the company’s future without terminating our defined benefit plans”
    right, so instead of doing things better, let’s just eliminate them. That’s $2 billion in executives pockets.
    That’s just sickening.

    1. LeonovaBalletRusse

      ep3, it’s a fracking criminal scam, even if it be deemed *legal*. A POX on all their houses.

  9. MichaelC

    Re Bill Black’s Apple article.

    Based on my calculations, using the wage cost differential estimate between Apple’s foreign workers and their western counterparts provided in the NYT article, approx 10.25B of Apples 13.B total 2011 profit derives from exploiting the workers.

    Therefore the impact of the Gresham’s dynamic can be partially quantified, at least in this instance. The rewards are there for all to see in Apple’s profits and the value of that benefit reflected in its stock price.

    1. MyLessThanPrimeBeef

      I had a nightmare.

      In it, people were tempted by Apple and gave in to that temptation. When that happened, I sensed ominously, in a deja vu kind of way, that bad things would happen later.

      Some might have to exit the Eden of proletariat workers and some might exit the Eden of limitless-money MMT material consumption.

      1. Michael C

        We are Eve. Difference tho is Black and others have been warning us about that poisoned fruit for ages.

      2. Praedor

        At Business Insider there is an article about the things that Apple needs to change in the iPhone 5 in order to get the guy to upgrade. It was all about whizzbang flashy addons and tech changes but not a single mention of changing working conditions in suppliers in China. I added a comment that I wouldn’t be buying any future Apple toys until they did see to changes/improvements in working conditions at their suppliers.

        Replies attacked me and down-rated my comment and tried to say I wanted the Chinese to go back to their rice paddies and give up “development”. Development and improvement does NOT require slave labor or abusive labor practices. But then, the clowns in the readership of Business Insider believe that labor SHOULD be slaved out. Scumbags.

        1. craazyman

          funny, the way it works in the U.S. is you make your millions and then you want to buy and live on a farm and raise vegetables. Or in a house next to the beach, and dig clams.

          you could have never left the garden or the beach

          and you’d be in the same place.

          they could avoid the round trip just by staying where they are, in the rice patties, and be in the same place they’ll end up.

          weird how these things work. it must all be in your head. LOL

          1. MichaelC

            The other deeply troubling aspect of the Job’s apologists to me is their implicit forgiveness of his company’s ruthlessness in service to his dedication to perfecting his design.

            He obsessed about the shape and placement of a button on his products and drove his engineers mad finding solutions.

            But it was just aesthetics. Aesthetics matter to sales,and I suppose he was ‘genius’ enough’ to appreciate the deep shallowness of his customers and indulge them.

            But in the end US labor loses its bargaining leverage because Iphone customers really, really want that cool button enough that they’re willing (unwittingly I hope) to help Job’s give them what they crave.

            I wish they’d start shipping the product with a photo of the prople who assembled it (in their dorm rooms). It’d be like those horrible cigarette packages sold outside the US with photos of blackened lungs and other nasties.

    2. LeonovaBalletRusse

      MichaelC, and what a sweet, duplicitous MASK Steve Jobs wore–another LateStageMonopolyCapitalist doing *God’s work*.

  10. Lambert Strether

    On the “clout” of the states in the enforcement deal in the Reuters story note the lead:

    A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

    “Look forward and not back!”

    1. LeonovaBalletRusse

      Great catch! Such comments carry the heavy freight of toxic implications. “Looking forward,” they keep playing the People for suckers. Why are State AGs not shouting from the rooftops: “We’re mad as hell and we’re not gonna take this anymore”? if they don’t do this, we can assume they are on the take.

      Cry FOUL! Throw the bums out.

  11. MyLessThanPrimeBeef

    No country left behind.

    We don’t have a free market of citizenships. People can’t shop citizenships with a click of their mouse.

    I think if people can freely choose the country(or countries, why not?) that they want to be a part of, we will get better countries.

    Let true capitalism reign.

    The same with religion. Too much brainwashing, sorry, false advertising.

    1. F. Beard

      I think if people can freely choose the country(or countries, why not?) that they want to be a part of, we will get better countries. MyLessThanPrimeBeef

      But what if your beef is less than prime? Will that country choose YOU?

      1. MyLessThanPrimeBeef

        Any beef about subprime behaviors is prime.

        Prime countries will welcome such beefers.

  12. Hugh

    There is no ethical blindness at Apple. They are pursuing a deliberate considered strategy of destroying American jobs and exploiting foreign labor so as to fatten up their already excessive profits. It is a classic exercise of bad faith. They don’t care that what they do is wrong as long as they can get away with it and profit from it.

    1. LeonovaBalletRusse

      Hugh, so right. That *friendly genius* MASK hid a conniving, greedy, duplicitous jerk. He and Schmuckerberg are were cut from the same bolt.

  13. Johnson

    Francis Fukuyama gets it all wrong on the Tea Party movement and Ron Paul:

    “The Tea Party is a genuine grassroots movement, so I do not buy into these conspiracy theories that rich billionaires initiated it. When you go to one of these rallies of Ron Paul supporters, they are very passionate. They all tend to be young…”

    Maybe younger then him by a year!

    1. YankeeFrank

      Just like the “end of history”, Fukuyama gets it completely wrong once again. The Tea Party is NOT THE SAME as the Ron Paul movement. Sure there might be a little overlap but they are not the same at all… and the tea party was a completely astroturf organization. Sure it may have a few members who aren’t stooges to the Kochs but overall they are astroturf given that their entire funding comes from the Kochs and their ilk.

      1. endogeneity

        I live in Alabama, and my sense from being among actual specimens of the Tea Party is that they exist and are quite genuine. Not to say the Kochs don’t try to tap into that and channel it, but I’m not sure how you decide who’s using who, ya know. I mean, the policies may ultimately redound to the Kochs’ benefit, but the “grassroots” really believe in those policies and think they’re our only hope.

  14. LeonovaBalletRusse

    YVES, have mercy on INET for presenting John Kay in relative sound bites. Remember, you have a rigourous mind and a tremendous attention span, while any *Economics students* they may be trying to reach and teach are not so well-endowed.

  15. Fractal

    Don’t miss this breaking story for tomorrow’s links:

    http://www.bloomberg.com/news/print/2012-02-02/nationwide-title-clearing-sued-by-illinois-over-documents-1-.html

    First third of Bloomberg piece:

    “Illinois Attorney General Lisa Madigan sued Nationwide Title Clearing Inc., a Florida company she claims caused the filing of faulty documents with county clerks.

    “The practices that NTC used were a key contributor to the mortgage crisis by undermining the integrity and accuracy of the mortgage servicing and foreclosure process,” Madigan said today in a statement.

    Nationwide Title Clearing prepares documents for mortgage servicers to use against borrowers in default, foreclosure and bankruptcy, Madigan said. Among the documents are mortgage assignments used by lenders in foreclosures.

    NTC employees signed forms used in Illinois foreclosures as officers of the foreclosing financial institutions and not Nationwide, often without reading or verifying the documents they signed, Madigan said.

    “NTC creates documents through an assembly-line process,” Madigan said. “NTC signers typically have little or no role in the actual creation of documents that they sign.”

    Their sole role is to affix their signatures, she said.

  16. PQS

    Sad news from the Poetry World:

    Wislawa Szymborska, Nobel prize winner, has died at 88.

    If you haven’t read her poems, do yourself a favor and pick up a paperback of “View With a Grain of Sand.”

    http://www.nytimes.com/2012/02/02/books/wislawa-szymborska-nobel-winning-polish-poet-dies-at-88.html

    Here’s a great clip from “Lot’s Wife”:

    They say I looked back out of curiosity,

    but I could have had other reasons.

    I looked back mourning my silver bowl.

    Carelessly, while tying my sandal strap.

    So I wouldn’t have to keep staring at the righteous nape

    Of my husband Lot’s neck.

    From the sudden conviction that if I dropped dead

    He wouldn’t so much as hesitate.

    From the disobedience of the meek.

    Checking for pursuers.

    Struck by the silence, hoping God had changed his mind.

    1. F. Beard

      “I looked back mourning my silver bowl.

      Carelessly, while tying my sandal strap.” some Polish poet who is now apologizing to God for libel?

    2. craazyman

      One For the Road

      Or she might have looked back, just to see whether God was serious.

      ah hah ahaha hahahah

      I guess he was.

      1. PQS

        “So I wouldn’t have to keep staring at the righteous nape of my husband’s neck.”

        I know the view. Some days being a pillar of salt might be preferable…

  17. patricia

    Re Guardian’s “New York prosecutors ask Twitter to reveal Occupy Wall Street man’s tweets”:

    Ask? Twitter records were subpoenaed. Soft-pedaling the fascism.

  18. LeonovaBalletRusse

    William K. Black’s article in HuffPo makes me think that Steve Jobs was guilty of Crimes Against Humanity–against Chinese and American workers. What a CONSPIRACY between crooks: Honor among thieves.

    Never again will I see the image of Steve Jobs in a positive light.

  19. kevinearick

    Virtual Space Time: General

    Open mind, open system, life. Closed mind, closed system, death. Aggregate.

    If you are waiting for any public, private, or non-profit corporation to give you fusion, you are waiting for something that is never, ever going to happen; they exist in a closed loop, by design, which may only exist as ponzi reproduction over scarce, attenuating resources, to the end of geographic saturation. We are here; there is nowhere left to hide the losses in this dimension. The algebraic reduction of nature will do the rest.

    If you do not take the conformers to space, in ponzi numbers, it’s going to get very, very ugly, and their authorities know it. That much math they know, because they have die-off precedents unwritten in their History. If you are expecting them to change their inbred behavior in real time, however, and negotiate in good faith, you are waiting for something that is never, ever going to happen.

    The authorities would rather burn down their own empire than relinquish control, which is exactly what they are doing. They must, because an empire is a breeder reactor, designed to expend any and all resources required to kill anything it cannot control. What does that sound like in physics?

    The nucleus accedes to the inevitable, and only to the inevitable. Time/speed/backlash depends upon how long you allow it to assume it may exist as a closed system with ponzi growth. The empire takes a byte out of the back end of the distribution and projects it as “reality” TV. Effective parents take an implicit byte from the front end and present to progeny as starting material. Middle class agency acts as a relay insulator. Time is a perception; life is what you make of it.

    Fusion and fission are going on all around you, at any scale you care to examine, but you must remove the communication blinders, the anxiety limit switches, to see it. Not only does the empire naturally fear open source, but fusion applications also present a direct threat to the empire. You can replace the entire empire, and all of its participants, with a fusion machine. Human critters, bred to believe they are somehow a commanding species, do not want to hear that, even though it would free them from prisoners dilemma. You can lead a horse to water…

    If you pick transportation up off the ground with distributed energy, you create another dimension, bridge, with relatively infinite opportunities, but what happens to the existing proprietary model? Why would anyone not expect a mindless product like Facebook to go viral under current circumstances, or its games not to result in the domestic “China/Japan/whatever” development model and associated finance system? What, you thought a melting pot wouldn’t behave homogeneously over time? Ever observe nature or Europe?

    I like the Rubio comment about America becoming a nation just like the one its ancestors fled. An inelastic legal system only has one outcome. It’s insane by design. You have a bomb and a fuse. What characteristics do you want in each? Did you really think the German Trust accidently designed the periphery to collapse, or that Greece would not have a black/white swan economy ready to go? It’s all noise, the same noise, repeating.

    So, you want to design the explicit circuits in your multiplexer to allow a change of course upon backlash coming out of virtual memory. Now, about that kid playing the matching game…It’s like the skating rink phenomenon. Programming intelligence is all about implicit circuitry. What are explicit dc conditionals?

    Sometimes, the carnival barker running the shell game loses the pea all together…

    1. MyLessThanPrimeBeef

      They exist in a closed loop.

      ——–

      We are they.

      We exist in a closed loop.

      The whole Cosmos basically just loops back and forth. here and there, this way, that way, and every which way.

      Can we ever get outside the Cosmos?

  20. Maximilien

    Re: Deadly strain of MRSA

    The Daily Mail spends about 10 paragraphs without once explaining what the letters MRSA actually stand for. MRSA = Methicillin Resistant Staphyloccus Aureus. But I guess that’s too much information for its doltish readers. Might intimidate or bore them.

    Anyway, the strain apparently began in the US and is now “threatening” the UK. Yet strangely, no news of outbreaks in the country of origin. That doesn’t make a lot of sense.

    But then why should The Daily Mail let facts get in the way of alarmist clap-trap when that’s what sells papers to fools.

    1. LeonovaBalletRusse

      Maximilien, there has been a lot of press on the deadly MRSA, starting a few years ago, when they were horrified to learn it was a “locker room disease.

      MRSA is very dangerous, very hard to cure. Actually, it can kill you within 24 hours of contraction, if your immune system is sluggish. It moves swiftly and aggressively through systemic infection. Bad.

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