Animal welfare bill seeks to punish cruel pet owners Bangkok Post (furzy mouse)
Five-year-old who pretended crayon was gun forced to sign contract by kindergarten Daily Mail (Chuck L)
‘Frack-for-the-cure’ breast-cancer awareness campaign offers latest example of corporate ‘pinkwashing’ Minnesota Post
I’m Sorry, But You’re Just Not The Man I Hoped You Would Become When We Got Married Onion
Ebola
The Origins Of The Ebola Crisis Counterpunch
Texas Health Worker Tests Positive For Ebola Huffington Post
US warns of possible rise in Ebola cases Financial Times
Madrid hospital staff quit over Ebola fears Guardian
Dallas Nurse Caught Ebola Because CDC Protocols Are Inadequate George Washington
Hong Kong
Clashes at Hong Kong protest site BBC
Hong Kong police remove barricades and gather at protest site Guardian
Getting Real About China New York Times (David L)
Shock China coal tariff decision throws Australian free trade talks into turmoil Sydney Morning Herald (EM)
How Greed Destroyed Spain’s Oldest Savings Bank Wolf Street (David L)
Can Greece stand on its own feet? Yanis Varoufakis
Rumors Swirling About Israel’s Shocking ‘Endgame’ Plan for Palestinians in Gaza Alternet (furzy mouse)
Evo Morales declares victory in Bolivian election CNN
(What’s Left of) Our Economy: No Country is an Island – Or is It? Alan Tonelson (Bob H)
Syraqistan
War against Isis: US strategy in tatters as militants march on Independent
Turkey says US can use air bases for IS fight France 24
As ISIS Slaughters Kurds In Kobani, The U.S. Bombs Syrian Grain Silos Counterpunch
U.S. Air Force probed for scrapping costly planes bought for Afghans Reuters (EM)
VA earns certification for whistleblower protection after retaliation complaints Washington Post
Dems want White House shakeup The Hill (furzy mouse)
Aggressive police take hundreds of millions of dollars from motorists not charged with crimes Washington Post
Whither Markets?
The Weekend Is Over, And The Global Selloff Is Continuing Business Insider
Europe stocks stumble on economy fears Financial Times
The Methodical Fed Tim Duy
Is the Dollar Correction Over, or Just the First Leg? Marc Chandler
US mortgage rates fall after Gross’s exit Financial Times
Big data challenge perplexes fund managers Financial Times (David L)
Class Warfare
How 14 People Made More Money Than the Entire Food Stamp Budget for 50 Million People Alternet (furzy mouse)
Invisible Hands: The Businessmen’s Campaign to Dismantle the Post Office
Antidote du jour (furzy mouse). An albino humpbacked whale.
See yesterday’s Links and Antidote du Jour here.
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Pay squeeze worst since Victorian age, study finds
British workers are suffering biggest slump in real wages since economic crises in the 1860s and 1870s, according to TUC
http://www.theguardian.com/politics/2014/oct/11/british-pay-squeeze-worst-150-years-tuc-study?guni=Keyword:news-grid%20main-1%20Main%20trailblock:Editable%20trailblock%20-%20news:Position7
My life as a northern soul boy: rebellion on the dancefloor in the 1970s
http://www.theguardian.com/music/2014/oct/11/northern-soul-rebellion-dance-floor-paul-mason
When real wages drop, even if food prices stay the same, that is ‘INFLATION,’ for us the Little People
And ‘that inflation’ is a feature of the current way of money printing under the status quo….it goes to speculating and not the little people.
The more real wages drop, the bigger this relative ‘inflation.’
HEADLINE: French economist wins Nobel Prize
first 2 sentances: The prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was set up in 1968 It was not one of the original awards set out in dynamite industrialist Mr Nobel’s 1895 will. http://www.bbc.co.uk/news/business-29599016
So why the unholy C*$£*&g Feck do you put Nobel Prize in the headline without quotes! and how many other MSM outlets wont bother with that disclaimer?
NHS unions tell Hunt: talk to us or face further strikes
Unions say industrial action will be repeated next month unless government offers more money to meet demand for 1% pay rise
http://www.theguardian.com/society/2014/oct/13/nhs-unions-jeremy-hunt-talk-further-strikes-pay-rise
It’s neither ‘Nobel’ nor ‘noble.’
ha! very true.
Actually, Alfred was pretty clear about it; there was NOT to be a Nobel Prize in mathematics, of which economics was then considered a subset. Seems he suspected (or knew) his wife was messing around with one of them, and this act of collective punishment was his way of making know his intense displeasure.
Wesley Clarke: “Even more worrisome, China’s foreign policy relies on keenly calculated self-interest,”
And the United States doesn’t do this at all, stearing its foreign policy to strictly altruistic purposes.
stear->steer
So true, D. Americans — always willing to sacrifice for others:
Gen. Martin E. Dempsey, President Obama’s top military adviser, said Sunday that no circumstances had yet arisen that warranted recommending the limited use of American ground troops as advisers in combat conditions. But, during an interview on ABC’s “This Week,” he added, “There will be circumstances when the answer to that question will likely be yes.”
http://www.nytimes.com/2014/10/13/world/middleeast/police-chief-of-embattled-province-killed-in-iraq.html
No, the United States doesn’t do this in self-interest or altruistic purposes. The governance of the country does it to order of who pays best, and the good things are supposed to trickle down.
Wow! Spoken like a true 1%er!
As long as a monied interest benefits from our intrusion it’s altruism.
The 99% aren’t Americans. They’re just allowed to think so at election time.
At first glance in my email, I though the antidote was an iceberg. Beautiful picture of a beautiful animal.
My first thought was “Oh look, it’s the oppressor of the oceans!” It’s possible I was projecting a little bit….
‘Tis a beautiful beast, though…
‘Tis a beautiful beast’ Indeed… im naming it Ishmael !
It might be Migaloo….?
wicked Petal…another sighting site for escape and solitude. (few yrs ago a hidden camera on barn owl hatching’s swirled an uncommon comfort’)
The magnificent creature clearly isn’t the London Whale and I hope it isn’t the Last Great American Whale.
The whale evolved, first from ocean to land, and then from land to ocean.
Thus, we know we can go home again.
‘The message from the Whale: ‘You, too, can go ‘home’ to simplicity and Luddite living’
Re Aggressive police take hundreds of millions of dollars from motorists not charged with crimes
^ This and other guilty-until-you-can-show-otherwise initiatives are out of control. Seriously, when did it become illegal to carry large quantities of cash?
When one takes cash from a bank, she/he reduces the reserves of the banking system. Now banks can always borrow reserves from the Fed if necessary (from the discount window) but that destroys the illusion that the banks are mere intermediaries between borrowers and savers instead of what they really are: a source of new purchasing power for the sake of the rich and other most so-called creditworthy at the expense of the poor and other least so-called creditworthy.
But if law enforcement is opposed to cash then why aren’t they lobbying for an alternative to the banks, a Postal Savings Service for the risk-free storage of and transactions with fiat?
I think when you pay your taxes to the IRS in cash, with quarters, your money is NOT destroyed, unless there is a metal salvage yard at the Treasury.
That is to say, taxation does not destroy money.
And that’s not good, because taxation should destroy money.
Re: Five year-old signing contract. The child didn’t even know what suicide means. WTF is wrong with these people!?
It was a Contract with America, John. She’ll be a voter someday.
LOL!
I smell a bond buy, Jim.
Skippy… sure default…
Did she take the Pledge? That’s in the Contract since Day 1.
This happened at the school just up the street from me that both of my daughters attended. The stupidity of the administration there goes back a long way.
On the other hand, this sort of thing proves to children that the authorities are completely insane and will and, therefore, authority will eventually have no legitimacy. Today, anyone who believes the current regime in all its chaotic manifestations should be willingly followed has to be deluded.
exacto.
“Kids have fewer biases and hence are better able to discern emergent social norms rooted in subjective valuation that elude adults precisely because the longer we live, the more we are inclined to believe that we are right and the world around us is wrong. We become ever less willing to consider realities that are not our own.”
BWAHAHAHAHA!
Kids have to use crayons for toy guns in Alabama? The place is impoverished!
Congress needs to do something quick! Future generations are going to fight the War on Terror with crayons? c’mon, now. Get real.
Besides, crayons are a gateway drug to the horrible eight grader crayon porn plaguing our school system.
One more reason to cut art class out of the budget too.
https://www.google.com/search?q=guntoys&rlz=1T4GGLL_enUS386US387&tbm=isch&tbo=u&source=univ&sa=X&ei=E9Q7VL3BBofjoATq3YDoBQ&ved=0CCwQ7Ak&biw=1363&bih=771
Standard sleaze in the securities industry:
http://www.nytimes.com/2014/10/12/business/mutfund/before-the-advice-check-out-the-adviser.html
There’s a fundamental conflict of interest between selling products and providing objective financial advice. When brokers recommend products, they invariably have an agenda: (1) a fat commission; (2) unloading the firm’s inventory; (3) generating commissions via churn.
The corpse of Wall Street’s defunct wire house model stinks, but the SEC’s too corrupt to kill it off.
Political Campaign Donors of PEU Variety
CNBC reported the impact of shadow bankers on this years political elections.
A small group of ultra-wealthy private fund managers are dominating political spending this cycle, making up for declining involvement from banking executives.
Private equity professionals also are giving in record amounts for the midterms, which historically attract far less cash than presidential election years. PE pros have donated $28.8 million this election cycle, up from $20.5 million in 2010, according to CRP. Like hedge funds, the industry gave equally to both parties in 2010 but now favors the GOP nearly 2 to 1. Top PE firm donors include J.W. Childs, Blackstone Group, BLS Investments, Bain Capital and Carlyle Group.
The rise of PE and hedge fund spending comes as bankers slow down.
PEU wankers replace banksters and this is somehow comforting?
It all adds up to a record for the financial community. “Wall Street has ramped up its giving this cycle, delivering more than $120 million and already exceeding what they spent throughout the entire last midterm.”
I sense another free pass for preferred carried interest taxation. That should be safe and sound for the sixth or seventh time.
http://peureport.blogspot.com/2014/10/political-campaign-donors-of-peu-variety.html
No to ‘end game.’
No to ‘end solution.’
No to ‘final game.’
We have to get along and getting along takes continuous effort to win the hearts and minds…just ask any couple.
Re: ‘Fracking for the cure’
The Susan B. Komen Foundation, who should be on the front lines of environmental issues, is instead hypocritically selling vapid feel good public relations to carcinogen spewing industries.
I refuse to participate in any of the pink ribbon **** fundraisers.
But, it’s pink. It can’t be bad!
Bad Boobie Branding.
They’d sell their name, and color, to Prince Al if they thought they could hire another director.
i figure they hired LiveStrong PR
i see pink ribbons on red bull now…do they know how bad that stuff is?
I knew if I lived long enough I’d see tits on a bull.
Hi5 too funnee
Hey, that’s not fair. I own at least 4 sets. That’s right, I own them outright, as part of the whole package.. Who’s got more skin in the game than me?
Yves, may I suggest adding “Class Warfare” to your list of topics.
great…now i got the giggles
Class Warfare
How 14 People Made More Money Than the Entire Food Stamp Budget for 50 Million People Alternet (furzy mouse)
Invisible Hands: The Businessmen’s Campaign to Dismantle the Post Office
think before you flush:
http://www.ctvnews.ca/canada/birth-control-pills-have-negative-effect-on-lake-ecosystems-study-1.2051279#
It seems that “Wither Markets” analyses are now about as academic as “democratic” (s)elections. The stock rackets are now so centrally controlled by the “Fed” syndicate that plunges of any significance are all but inconceivable, especially just before midterms. For those with money to gamble, craazyman, buying the dip now is a sure thing. It’s possible a contained “correction” will be permitted post-(s)election, but meanwhile, IMO, the “Fed” will print whatever it takes and (in)directly buy any volume of stocks and bonds necessary to protect its cartel and sustain the “integrity” of the free rackets. This will continue until the derivatives implosion ultimately goes nuclear and overwhelms the “Fed’s” printing capacity and propaganda output. John Hussman’s and Doug Noland’s brilliant analyses of “the grandaddy of all bubbles” simply don’t factor in the scope and scale of the cartel’s systemic corruption. Under the new imperial politburo, the charade will probably go on for some time, until the eventual collapse of rigged market cannibalism finally dwarfs that of the USSR.
http://www.oftwominds.com/blog.html
http://www.laprogressive.com/costa-gavras-capital/
How greed destroyed Spain’s oldest savings bank. Costa Gavras, the 80 year old left film maker has produced another delicious movie about the banking crisis and how it continues to be a huge source of instability, if not immediately blowing the global economy to pieces. Although set in France, it is international in scope, as is global capitalism. The movie titled “CAPITAL” depicts a large French bank under the command of newly appointed CEO, who realizes he is a place holder for his backers, an American hedge fund manager who proposes building a Goldman Sachs like colossus with a merger of the French bank and a Japanese target, all supported by American capital. The story of Spain is repeated around the world and Costa Gavras serves as another messenger of warning in this the financialized era.
Excerpt from a WaPo interview:
“He has won numerous awards, including a 1983 Oscar for best screenplay adaptation for “Missing.” The 1969 political thriller “Z” was awarded an Oscar for best foreign language film.
Why did you make a film about global finance?
It’s because we have a new kind of dictatorship, which is legal, completely legal, and accepted by almost everybody. It is very new, in my feeling, in our world. It’s the people who run the economy.
Most of the time, not all the time, they are much stronger than the people we elect to run the countries for one simple reason. The people who run the countries, who have control of the banks or the people who deal with the economy, don’t succeed in doing it (controlling them), here, in Europe and everywhere. They let them be completely free . . . and we have gotten to the point where we are now, which is a very difficult point.”
http://www.washingtonpost.com/entertainment/movies/director-costa-gavras-on-new-film-capital-a-look-at-the-ruthless-world-of-finance/2013/10/24/f3a2b216-3c07-11e3-b7ba-503fb5822c3e_story.html
Re: 5 year old school threat.
We thought we could keep our kids from becoming enthralled with guns by not having any toy guns in the house or watching gun violence on TV.
One night at dinner when our oldest was 3 he picked up a pork chop by the bone end, pointed it around the table and said “Bang bang.”
It really is hopeless.
I saw a similar snippet of young male aggression, the 3 or 4 year old variety at a local movie complex a few summers back. The dutiful dad was ordering the necessary kiddie tray of popcorn crap in order to fully experience the weekend at the movie animation blockbuster with all of the other young dads and moms. These were 2 very calm and quiet kids, leaning and staring intently into the glass display case of brightly colored boxes of everything I ate as a kid, as well as everything else that was too new for me to be nostalgic about, but my kids ate when they were younger. When dad turned and gave them their paper covered straws, they carefully pulled the paper wrapper off and then leaped back a step, arms thrust outward and started a plastic straw sword fight. And they were so well behaved just a minute ago? Hmm nature and nurture in perfect symbiosis.
More on guns:
Glock Family Goes Down, Guns Blazing
King Lear, strippers, and show horses: Inside the $500 million lawsuit that could bring down Gaston Glock’s gun empire.
http://www.thedailybeast.com/articles/2014/10/11/glock-family-goes-down-guns-blazing.html?utm_medium=email&utm_source=newsletter&utm_campaign=cheatsheet_afternoon&cid=newsletter%3Bemail%3Bcheatsheet_afternoon&utm_term=Cheat%20Sheet
Way to go WSJ:
“The Problem with Too Much Leisure in Retirement”
http://blogs.wsj.com/experts/2014/10/13/the-problem-with-too-much-leisure-in-retirement/?mod=trending_now_1
Though its focus (and target audience) is Bo-Bo boomers who have funded 401k’s, it’s thought provoking in the extreme, for pointing out the richness and variety of life for people who aren’t worried about bankruptcy or debtor’s prison.
Wouldn’t it be great if there were more people like that? After a day like today, there are probably fewer.
That’s the ultimate utopia – the freedom to choose any job you want…simply based on whatever you want to do.
Woah– too much to read and none of it good. This seems to be the state of affairs.
Maybe I’ll read it later. I’m going for a walk.
Krugman:
“Obama has emerged as one of the most consequential and, yes, successful presidents in American history.”
About 20 paragraphs in, there’s this:
“Let’s be clear: The financial crisis should have been followed by a drastic crackdown on Wall Street abuses, and it wasn’t. No important figures have gone to jail; bad banks and other financial institutions, from Citigroup to Goldman, were bailed out with few strings attached; and there has been nothing like the wholesale restructuring and reining in of finance that took place in the 1930s. Obama bears a considerable part of the blame for this disappointing response. It was his Treasury secretary and his attorney general who chose to treat finance with kid gloves.”
Nonplussed am I. At very least the bar for “success” seems awfully low.
Let’s be clear: When we introduce our million-dollar bills (that’s six zeroes), his face will be on it.
Unfortunately, history is written by the winners.
Yet another reason to treat and speak of Krugman as the whore that he is.
As always : Successful for whom?
They didn’t say those were POSITIVE consequences. Truth is, I cannot think of even one “positive” consequence resulting from the Obama regime. Even the chance of another minority ever being elected to the office has dropped below zero.
Krugman didn’t explicitly say those were POSITIVE consequences. Truth is, I cannot think of even one “positive” consequence resulting from the Obama regime. Even the chance of another minority ever being elected to the office has dropped below zero.