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Nobel Prize Comparison

Tue, 14 Oct 2008 01:16:51 GMT

clipped by: Rustee

According to a news report about Paul Krugman’s selection to receive the Nobel Memorial Prize in Economic Sciences:

“This is terrifying,” he said, comparing it to the financial crisis that gripped Asia in the 1990s. “I had never thought that in my lifetime I would see anything that resembles the Great Depression, but this in fact does.”

This statement shows either (1) that Krugman knows nothing about economic conditions during the Great Depression or (2) that he knows nothing about economic conditions at present. An unemployment rate of 20-25 percent is not comparable to an unemployment rate of 6 percent. A decline in real GDP of 30 percent is not comparable to ongoing growth in real GDP. Approximately 10,000 commercial bank failures are not comparable to a handful of such failures recently. Deflation of 20-25 percent is not comparable to the inflation we presently experience.

Tags: economics

A Greater Depression

Tue, 14 Oct 2008 00:56:10 GMT

clipped by: mklosinski

Clip Source: ibdeditorials.com

The Crash:

What is it about the specter of our first socialist president and the end of capitalism as we know it that they don't understand?

It starts with a tax system right out of Marx: A massive redistribution of income — from each according to his ability, to each according to his need — all in the name of "neighborliness," "patriotism," "fairness" and "justice."

One hundred economists, five Nobel winners among them, have signed a letter noting just that:

"The prospect of such tax-rate increases in 2010 is already a drag on the economy," they wrote, noting that the potential of higher taxes in the next year or two is reducing hiring and investment.

It was "misguided tax hikes and protectionism, enacted when the U.S. economy was weak in the early 1930s," the economists remind us, that "greatly increased the severity of the Great Depression."

Yet much of the electorate is determined to vote for the candidate most likely to make them.

Tags: obama, economics

Heavy Drinkers Have Smaller Brains

Mon, 13 Oct 2008 22:54:26 GMT

clipped by: SenorCoconut

Clip Source: www.elements4health.com

The more alcohol an individual drinks, the smaller his or her total brain volume, according to a report in the October issue of Archives of Neurology, one of the JAMA/Archives journals.

Brain volume decreases with age at an estimated rate of 1.9 percent per decade, accompanied by an increase in white matter lesions, according to background information in the article. Lower brain volumes and larger white matter lesions also occur with the progression of dementia and problems with thinking, learning and memory. Moderate alcohol consumption has been associated with a lower risk of cardiovascular disease; because the brain receives blood from this system, researchers have hypothesized that small amounts of alcohol may also attenuate age-related declines in brain volume.

Although men were more likely to drink alcohol, the association between drinking and brain volume was stronger in women, they note.

Tags: alcohol consumption, brain volume, dementia

More on the Obama tax "plan"

Mon, 13 Oct 2008 19:17:26 GMT

clipped by: sillysam
clipper's remarks: Because Mr. Obama's tax credits are phased out as incomes rise, they impose a huge "marginal" tax rate increase on low-income workers. The marginal tax rate refers to the rate on the next dollar of income earned. As the nearby chart illustrates, the marginal rate for millions of low- and middle-income workers would spike as they earn more income.

Some families with an income of $40,000 could lose up to 40 cents in vanishing credits for every additional dollar earned from working overtime or taking a new job. As public policy, this is contradictory. The tax credits are sold in the name of "making work pay," but in practice they can be a disincentive to working harder, especially if you're a lower-income couple getting raises of $1,000 or $2,000 year. One mystery -- among many -- of the McCain campaign is why it has allowed Mr. Obama's 95% illusion to go unanswered.

Clip Source: online.wsj.com

The total annual expenditures on refundable "tax credits" would rise over the next 10 years by $647 billion to $1.054 trillion, according to the Tax Policy Center. This means that the tax-credit welfare state would soon cost four times actual cash welfare. By redefining such income payments as "tax credits," the Obama campaign also redefines them away as a tax share of GDP. Presto, the federal tax burden looks much smaller than it really is.

The political left defends "refundability" on grounds that these payments help to offset the payroll tax. And that was at least plausible when the only major refundable credit was the earned-income tax credit. Taken together, however, these tax credit payments would exceed payroll levies for most low-income workers.

Fannie, Freddie, and the Left

Mon, 13 Oct 2008 15:10:48 GMT

clipped by: jatfla
clipper's remarks: I know nothing is ever simple but this pretty well explains a lot to me and is consistent with what I see locally in my very liberal State Capital.

Clip Source: www.frontpagemag.com

Fannie, Freddie, and the Left

for many years Fannie and Freddie have been, first and foremost, tools of Democratic politicians, funders of the Democratic Party, and, in the words of a former Fannie CEO, the intimate “friends” and “family” of the Democratic Party’s left wing.

Secretary Henry Cisneros and Attorney General Janet Reno expressed dismay over reports that the rejection rate of black mortgage applicants nationwide was considerably higher than that of their white counterparts. In response, Reno warned that thenceforth “no bank” would be “immune” to an aggressive Justice Department campaign to punish such “discrimination” in the lending market. For emphasis, then-Assistant Attorney General Deval Patrick pledged to work for the elimination of all racial disparities in mortgage lending rejection rates.

those disparities were not actually due to discrimination of any kind. Instead, they reflected the realities of borrowers’ credit-worthiness,

Barbecue Dry Rubs Recipes

Mon, 13 Oct 2008 14:31:33 GMT

clipped by: lehman246
clipper's remarks: The best barbecue sauce and rub recipes should be simple enough for any backyard chef to enjoy.

Clip Source: www.chile-pepper-sauces.com

Spicy Barbecue Sauce Recipe

Looking for a great barbecue sauce recipe? Chef Jay will show you a few ways to add some zest to the meats you are grilling.

I always recommend that you marinate whatever meat you plan on grilling for at least 1 hour, and up to 24 hours depending on what you are cooking and what kind of sauce you plan on using for the marinade.

If you are going to use a barbecue recipe for sauce with alot of vinegar or other acid, such as lime, you don't need to allow the meat to marinate as long. The acid will allow your marinade to absorb into the meat at a faster rate.

Tags: barbecue sauce recipes, barbecue recipes, dry rub recipes

9/11 was Sad but this is Genocide, right?

Mon, 13 Oct 2008 10:51:26 GMT

clipped by: joejoepmc
clipper's remarks: Less than 3,000 people died in 9/11

Since 2001, nearly 1,080,000 people have died from MEDICAL ERRORS

Who are the terrorists now?

PS - this is from 2001!

Clip Source: jama.ama-assn.org

more Americans are killed in US hospitals every 6 months thandied in the entire Vietnam War, and some have compared the allegedrate to 3 fully loaded jumbo jets crashing every other day.²Widely disseminated quotes include, "medical mistakes kill 180 000people a year in US hospitals"³ and "medical errors may be the5th leading cause of death."⁴ If these inferences are correct,the health care system is a public health menace of epidemicproportions.

Tags: terrorists, terrorism, healthcare

Trizeon - Keyword Research and Keyword Stemming

Mon, 13 Oct 2008 10:37:19 GMT

clipped by: vinayvallem
clipper's remarks: With the number of websites belonging to a specific niche increasing at a very high rate, selection of apt and specific keywords has become difficult for the website owners. In such a context, keyword stemming would be the better option as it is known to yield better results.

Clip Source: keywordresearchtechnique.blogspot.com

Keyword Research - Keyword Stemming

Millions of websites came into existence over the past two decades. Websites of same niche often use similar keywords relevant to their business to target their customers. With the number of websites belonging to a specific niche increasing at a very high rate, selection of apt and specific keywords has become difficult for the website owners. In such a context, keyword stemming would be the better option as it is known to yield better results.

Tags: keyword research, keyword stemming, keywords, seo, seo company, seo services, seo tips, top seo sites, trizeon, web development

Property rate Rs.3,600 at Balewadi? A cruel joke!

Mon, 13 Oct 2008 09:40:00 GMT

clipped by: Ravi_Karandeekar
clipper's remarks: Property rate at Wakad, Pimple Saudagar, Pimple Nilakh, Rahatani etc. just above Rs. 2,200 per sq.ft.? These are fair price shops!

Clip Source: ravikarandeekarsblog.blogspot.com

3600 in baner-balewadi ? This can not be more than a cruel joke.

The rate in wakad, pimples (sudagar, nilakh..etc) properties is just above 2200, no one is buying in hinjewadi these days (ask ekta of worldville, ask paranjapes of BR, ask kumar/bhosle of megapolis) even at 3000 then its a remote dream to get 3600 in balewadi.

Only a heavy drop in prices (by at least 40-50%) will bring back buyers to market. Till then developers are wasting time by quoting exhorbitatnt prices where people will enquire only (getting even rare these days), but not buy.

Tags: pune real estate market news, property rates, real estate wakad, pimple saudagar, pipmple nilakh, hinjewadi

Stagflation Defined

Sun, 12 Oct 2008 15:09:43 GMT

clipped by: katsteevns
clipper's remarks: (cont.)The term first came into use in the mid-1970s, when inflation soared to 12 percent and the unemployment rate nearly doubled to 9 percent. This inflation was the result of the quadrupling of oil prices by the Organization of Petroleum Exporting Countries (OPEC), increases in the price of raw materials, and the lifting of Vietnam-era government-imposed Price and Wage Controls. At the same time, the economy went into recession. In 1979 the high inflation rate was sent spiraling upward when OPEC doubled petroleum prices after the Iranian revolution. President Jimmy Carter established the Council on Wage and Price Stability, which sought voluntary cooperation from workers and manufacturers to hold down wage and price increases. The council could not control OPEC, however, and repeated oil-price hikes thwarted the council's efforts. Years of continued inflation and high unemployment was one of the factors that undermined the Carter presidency and Democratic Party proposals for welfare

Clip Source: www.answers.com

Dictionary:

stagflation

(stăg-flā'shən)

Investment Dictionary: Stagflation

A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

Investopedia Says:
Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects.

Term coined by economists in the 1970s to describe the previously unprecedented combination of slow economic growth and high unemployment (stagnation) with rising prices (inflation). The principal factor was the fourfold increase in oil prices imposed by the Organization of Petroleum Exporting Countries (OPEC) cartel in 1973-74, which raised price levels throughout the economy while further slowing economic growth

Iraqi embassador interview on John Stewart

Sun, 12 Oct 2008 13:21:51 GMT

clipped by: kobes89

Clip Source: www.thedailyshow.com

Oliver's Travels - Iraq

John Oliver asks Iraq's ambassador to the UN, Hamid al-Bayati, to rate America's invasion on a scale of one to five.

Tags: John Oliver , Iraq , Iraq War , war , war on terror , democracy , media

The Daily Show with Jon Stewart Official Website | current events & Pop Culture News, Comedy & Fake News | Comedy Central

22

Sun, 12 Oct 2008 07:21:45 GMT

clipped by: danistay
clipper's remarks: 22

Clip Source: www.manmode.com

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Long-shot races closing the gap as Repubs slip

Sat, 11 Oct 2008 18:38:08 GMT

clipped by: masbury
clipper's remarks: Surprises in WV GA, KY:
West Virginia - the 2nd closest race in the nation, McCain up only 1.1 points!
Kentucky: incumbent Senate Repub Leader Mitch McConnell now has less than 50% of the vote
Georgia: Repub Saxby Chambliss up by less than two

Clip Source: sage

the data above suggest continued progress for the Obama-Biden ticket following Tuesday night's debate.

Meanwhile, things have shifted a bit in races for the Senate. A series of new surveys released over the last few days confirm a significant narrowing in Georgia, which we now classify as a toss-up. Republican Saxby Chambliss now leads Democratic challenger Jim Martin on our trend estimate by less than two percentage points (45.3% to 43.5%).

And in Kentucky, internal polls released by both campaigns disagree on the margin, but agree that incumbent Republican Mitch McConnell is winning less than 50% of the vote (48% on the poll from the Democrats, 47% on the poll by Republicans). Our trend estimate still gives McConnell enough of a lead (48.2% to 42.6%) to rate "lean" Republican status.

Tags: wv, polls, kentucky, georgia

Nature loss 'dwarfs bank crisis'

Sat, 11 Oct 2008 12:33:55 GMT

clipped by: vk2yoc
clipper's remarks: It's only money, could be worse, we could lose our planet.

Clip Source: news.bbc.co.uk

The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.

The figure comes from adding the value of the various services that forests perform, such as providing clean water and absorbing carbon dioxide

"It's not only greater but it's also continuous, it's been happening every year, year after year," he told BBC News.

"So whereas Wall Street by various calculations has to date lost, within the financial sector, $1-$1.5 trillion, the reality is that at today's rate we are losing natural capital at least between $2-$5 trillion every year."

The greatest cost to western nations would initially come through losing a natural absorber of the most important greenhouse gas.

A number of nations, businesses and global organisations are beginning to direct funds into forest conservation, and there are signs of a trade in natural ecosystems developing, analogous to the carbon trade,

Cost Increase in Journal Pricing

Fri, 10 Oct 2008 22:58:08 GMT

clipped by: csmithbepress

Clip Source: www.ala.org

the cost of scholarly journals has increased at 10 percent per year for the last three decades. This is over six times the rate of general inflation and over two-and-a-half times the rate of increase of the cost of health care. Between 1975 and 2005 the average cost of journals in chemistry and physics rose from $76.84 to $1,879.56.