Month: August 2012

Oh Boo Hoo

Fortune Magazine tells us that “For banks, it’s getting harder and harder to earn a buck.” That’s because interest rates are so low. Or at least that’s what “conventional wisdom” would tell us. Please cry for the banks and demand higher interest rates!

Not so fast. If banks are having such a hard time making an “honest” buck, then how come “U.S. bank earnings rose 21% in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.” Turns out there’s actually a good reason the banks are doing so well:

That’s because most of them have increased the historic spread between the interest they charge for mortgages and the interest they have to pay for their own borrowing and, of course, the now minuscule rates they pay to folks with savings accounts. As a result, according to a recent news story in the New York Times, bankers are enjoying ballooning profits from their mortgage business.

If the banks were using the formula that was in effect up until a couple of years ago, the 3.55 percent rate for a 30-year mortgage would be close to 3.05 percent. Or, they could increase the rates they pay savers by about a half percent.

So yeah, the gap between “what they pay you” and “what we pay them” got bigger despite mortgage rates near record lows.

I hope Fortune Magazine isn’t hoping for a subscription fee from me anytime soon.

In Closing:  you might want to disable Java; trying to change the law without bothering to involve lawmakers; 14.8% of Americans are on food stamps; and Boehner admits that the easiest way to win is for poor people to stay home on election day.

Have you seen this crazy thing yet?

Ok, here’s an explanation of that thing you just watched. It’s nice to see someone with a sense of humor about himself.
 

Ok, and here’s a Music Monday Bonus: 10 Songs that you’re more likely to have heard the cover than the original! Complete with videos.

In Closing: hiding in plain sight; seriously?; AOL paying shareholders $500,000,000 (didn’t know they still had that kind of money); pseudoscience; Senator Kay Bailey Hutchison defends the Republican stance on women without ever mentioning birth control or abortion (she does at least mention rape) (“People in red cars don’t necessarily drive fast. I used to own a red Ford Escort!”); and listen, if you are applying for a job with me, I don’t want to hear from your mommy. I hear from mom, and your resume goes straight in the NO pile.

Missing the Point

It is absolutely a tragedy what happened at the Empire State Building. Who can possibly predict that a guy who was laid off almost a year ago would come back and start shooting? Nevertheless, I’d like to digress for a moment to point out that it’s a lot safer to never hire a nutcase than to have to fire one. Screen your employees before you hire them, people.

So then let’s get into the nitty gritty, starting with this opinion piece talking about how NYPD officers use great restraint:

As a rule, it takes a lot to get NYPD officers to fire their guns at anyone. Despite a handful of isolated, but highly publicized, exceptions to this rule when officers have shot unarmed individuals over the past decade and a half, New York’s 35,000-officer force remains a worldwide model of firearms restraint and veneration for human life.

[snip!]

In rapidly unfolding and completely unpredictable situations, assessing the need to use firearms is often a split-second decision. It can mean the difference between life and death. Officers have to sift through confusion, fear and fragmented information.

In the incident outside of the Empire State Building, it is made more difficult because the street is one of the busiest in America. The officers had to take into account the risk of the gunman hurting potentially many people in the vicinity were he not stopped.

Look, nobody sane is disputing that they had to make sure this guy didn’t hurt anybody else. The man pulled his gun out and was clearly intending to shoot at the cops. This wasn’t a place to experiment with a taser.  What were they supposed to do, offer to buy him a latte and talk for a while??

The problem is not that NYPD had to shoot this guy. The problem is that out of the 16 shots fired, 3 hit the perp. All 9 innocent bystanders were shot by the cops trying to “protect” them.

Take aim at the real problem: aim.

In Closing: It’s the jobs, stupid; the important question is the one about whether his mom was born in Kansas; if no blacks support Romney and a minority of women and Hispanics and people under 35 support him, how can the polls possibly be as close as they’ve been? Are there really that many angry old racist men?; school internet safety; yep (so why are these guys still married?); if Republicans get their way, be ready for $10,000 per ounce gold; abused by the system; fake world leaders; can’t make this up; trash can babies; ok, but Goldman didn’t make the drought happen; over 20 serial rapists in Detroit so far; scary; probably not what life is like in Russia; and the old man speaks the truth.

Shorties Awakening

When Al Jazeera points this out, it’s a problem: School to Prison Pipeline. If you find this topic interesting (or horrifying, whatever), the ACLU is a great place to start.

Old Flowers: In this case, 32,000 years old. For those keeping track, that’s over 5 times as old as young-Earth creationists think the world is. <sarcasm> Miracle, or Satan’s lies? </sarcasm>

The Last Ninja: Is an engineer who admits that most of what he learned has no place in the modern world.

Break it down: Here’s where Google’s ad revenues come from.

Burnout: Half of doctors report some signs of it. I’m really disappointed that they didn’t even try to look at why they might feel that way.

It’s not your imagination: The middle class earned less than they did a decade ago.

Apparently Alabama law allows death threats on the job: Seriously.

That can’t be good: For all the news coverage of Romney talking about his energy plan, he specifically refused to go into details where the press might hear it (If this is true, shame on the press for not pointing out that they have an incomplete story). So, does he plan on making up details to suit his audience, or is his plan so out there that he doesn’t dare risk the general public learning the details? Either way, do we want him in charge? What is already known is attracting criticism from many places.

Music Monday: Old School Redheads

And now for something completely different, a Baroque Concerto for Two Violins by the Red Monk, Antonio Vivaldi. My favorite is the second movement. Sorry about the static video.

In Closing: Clearly this was compiled before the weekend political talkies; Siberian Princess; some miscellaneous food items; as someone with experience, I don’t think much of their mapping algorithm; who could have known that making sure people can afford a mortgage could prevent default??; 5 reasons the Romney/Ryan plan is bad for America; rhetorical ammo; roads; the unemployment rate sucks; Arnold has ad-libs bigger than that car; why we need Social Security; and they should have made him check the damned thing.

NASA can be cool

…. And not just because some of a geek with a mohawk.

It turns out that in addition to putting robots on Mars, they’re responsible for a lot of things that are making life better right here on Earth. Just keep clicking for more great tidbits.

Welcome to yet another internet rabbit-hole.

In closing: brains and beauty; you don’t need that crap anyway; I was wondering when somebody was going to notice this; pass it on; turns out that harassment is  sometimes a security issue; and Ezra’s still got it.

The Bar Set Low

Music Monday will be delayed a bit.

So. A woman will be allowed to ask questions of all the important men at the big Presidential Debates for the first time in 20 years. This is after a “recent push” to let a woman do this big, important job. That recent push, by the way, is from 3 female high school students that started an online petition.

Really? This is what passes for an achievement these days? Has the participation trophy movement finally reached this high? Whoop-dee-freakin-doo.

No mistake. Congrats to Candy Crowley for being named a moderator. I hope she holds their feet to the fire and won’t take lies for an answer. And congrats to those high school ladies that learned they can make a difference just by bringing enough attention to an issue. That’s a great civics lesson and one we adults should take to heart.

However, there are many more “women’s issues” that deserve the same kind of news coverage: your right to control the size of your family is a political football instead of a private and personal matter; some high school students are subjected to pregnancy tests (here’s a hint, none of them are boys); sexual harassment still exists (and I admit it cuts both ways sometimes); a woman can still lose her job for having kids; women still earn less than men while conservatives make excuses instead of solutions; and, as PunditMom points out, nobody’s asking who will be watching Paul Ryan’s kids while he’s on the campaign trail as they asked about Sarah Palin.

If only we could solve all those things with a couple of petitions.

There is no in closing today.

Compare and Contrast

Alright. I’ve been trying real hard to stay away from talking about Paul Ryan. Every newsman, blogger, and their dog have been on about Paul Ryan for the last 36 hours. That being said, I would like to point something out.

One of the core things that Mr. Ryan wants to do is replace Medicare with a “voucher system” where seniors can pick out and pay for their own private medical insurance. That’s the number one thing CNN has to say about him! Of course anybody who actually understands math and insurance knows that a premium that would actually cover a typical Medicare patient’s medical expenses would be unaffordable for most seniors, even with a voucher (just like with private schools). Therefore, it would be most accurate to say that Mr. Ryan wants to abolish Medicare.

Now then, please consider this second item. The Head of the RNC says that it’s Obama that wants to destroy Medicare. Even the NBC interviewer had to step back and ask but what about Paul Ryan’s voucher plan.

Listen. It’s pretty simple. Obama is no saint, but he’ll do less damage to Medicare than the Rolls-Royce Romney/Ryan ticket.

In Closing: I hate to say it –and I’ll probably never say it again! — but Insane Clown Posse has a good point; by contrast, Chris Rock will probably have another good point in the future; how much of high food commodity prices are the drought and how much is banker speculation?; there’s got to be a way to legally troll this system; on White Terrorists; what? you mean housing and unemployment are related issues??; and your brain.

The Shorties in Black

In Plane Sight: I have a soft spot for Boeing. Here’s the latest version of the 747.

True: About the 2012 Elections.

On the Economy: global growth; more than 3 people for every available job in June despite the highest number of job openings in 4 years.

Math: “With regard to mathematics, the problem is not that we are teaching too much of it—but that we are teaching math ineffectively.  The expectations and architecture of the new Common Core State Standards in Mathematics can help to remedy this.  Faithful implementation of those standards will support districts that want to adopt curricula that unfurl mathematics in a rational, coherent program and that jettison approaches that are illogically sequenced and that overuse and abuse manipulatives.”

Perhaps there’s a logical explanation: Kids who eat good food turn out smarter than kids that eat junk food. Is it that good food contributes to intelligence, or that smarter parents feed their kids better stuff? I fail to see that this study accounted for the IQ, educational level, or socio-economic level of the parents.

People stand with the Nuns: and they appreciate it.

Today I learned: apparently, a psychic’s word is enough to get a warrant to search somebody’s property for a mass grave. Local governments are strapped for cash, but somehow they’ve got money for psychics? I do hope the locals find a way to get rid of the sheriff and judge that signed off on this.

The truth about corporate income tax: Many companies don’t pay that much.

Killer Kats: Turns out that outdoor cats kill a lot more than anybody knew. Funny thing about them being predators.

Funny, I have yet to kill anybody: “People without Facebook accounts are suspicious“? Seriously? I don’t have a Facebook account. There are millions of people who don’t. I’d say that relatively few of us are planning violence. Except maybe against idiots who think it means anything that I choose not to participate.

Music Monday: Skrillex

As you’ve probably guessed, I like a lot of different kinds of music from Classical to Electronica. I even like certain country artists in moderation. It took 15 years, but my son found music I don’t like! The style is called Dubstep, and this artist is one of the masters thereof, Skrillex.

Oh, Skrillex, sweetie! I was rockin that hairstyle when you were rockin diapers.

Seriously though, I sat through a lot of modern music concerts in school. I went to master classes with John Cage and George Crumb and even Terry Riley. Once I got to hear Kronos Quartet rehearse.

It’s ok though. Deadmau5 got the last laugh on Skrillex.