Tucker and Shorties vs Evil

Inspirational Story of the Day: Teen disappointed that he didn’t make the soccer team, so he loses 60 pounds and deadlifts 308 pounds. There are lots of things you can do if you want to badly enough.

Um, Yeah: I can see where meeting a co-worker in such a place might be bothersome. Just say “but it’s the Wall Street Journal! I thought it was business news!” if you get caught reading that at work.

Hi-Ho Silver! Away!: Now might be a good time to sell?

That’s a Good Point: Charity and God may go well together, but not always.

What Would Your Doctor Do?: Say no to nudie-scanners.

Let’s just put all this economic news in one spot: First, we’ve got payroll numbers, which are “rising” but at too slow a pace. Campaign for America’s Future reminds us that “it’s the economy, stupid” and “Americans want government to play a larger role in economic recovery.” Because big business doesn’t give a damn; after all there’s an entire rest of the world to exploit. Tiger Beatdown has a nice item on the ongoing class war that nobody [wealthy] wants to talk about. Meanwhile, more and more families are feeding their families with help from food stamps. Inflation is going to make things even worse for those of us who aren’t millionaires. Tim Iacono points out that the savings rate is even worse that we think. Teen joblessness may reach record levels this summer — which means expect idle teens to find ways to get into trouble. People are defaulting on their student loans. But hey, at least small businesses are borrowing money; maybe they’ll actually hire people.

How interesting: So with gas prices what they are and our nation importing oil, American oil companies are exporting more oil than they sell here! And best of all they are sucking down American tax dollars at the same time!

Even Shutting It is Controversial: Yucca Mountain. I guess some good padlocks aren’t sufficient, eh?

Fortune is Right: What good is a consumer protection agency that can’t protect? If Congress waters down consumer protections, or Elizabeth Warren doesn’t get to head the CFPB, you will know that our lawmakers have sold our souls to the banksters that ripped us off.

Susan’s Got a Point: It is called “special education” for a reason.

Eric Holder’s Vow is Worthless: Back in 2009 he vowed to stop raids on medical marijuana facilities (yeah, I’m no HuffPo fan, but the only better link was NYT). But I guess whatever forces really control the War On Drugs Used By Poor And/Or Brown People told him how stuff is: his office has warned states that they will prosecute anyone they think they can prosecute for medical marijuana. Never mind what the people think. Their opinion only counts on election day, after all.

The More Things Change, the More They Stay the Same: Marie Osmond celebrated her wedding to her third husband… who just happened to have been her first husband. She even got to recycle her original wedding gown. Thanks, NutriSystem!

Tokyo does not have 3 syllables

This morning, after listening to a newsman mangle the pronunciation of the current Prime Minister of Japan’s name, I thought it might be polite to give readers a brief guide to how to pronounce all those words you might see in print regarding the earthquake, tsunami, and nuclear plant issues.

Thankfully, you don’t need to read any of the three sets of characters used to read and write Japanese; it’s come to you already in “roman” characters called “romanji” or “roomaji” in Japanese. Better yet, every letter always makes the same sound, which is more than you can say for English! So here’s how the vowels work:

  • “a” always makes an “ah” sound, as in “father” or “want”
  • “e” always makes an “eh” sound, as in “lend” or “get”
  • “i” always makes an “eee” sound — just like it does in Italian or Latin. Think “Italiano”. Sometimes, if it would cause emphasis to be given to a syllable, it is almost silent as in “Hiroshima”.
  • “o” always makes an “oh” sound, like in “slow” or “tempo”
  • “u” always makes an “oo” sound, like in “tune” or “rule”. Like “i”, sometimes it is almost silent as in “sukiyaki” or “desu” (which means “is”)
  • Vowels can be doubled up, which results in it being held longer. The most obvious example of this is “Tokyo,” which would be spelled out in Hiragana as something more like “Toukyou”.

And there are a few consonants that seem to give people trouble:

  • “g” is always hard, as in “get” or “give” or “gen mai cha”
  • “j” always makes a j sound, like in “jet” or “jive”
  • “tsu” is said just like it’s written; the t is not silent
  • sometimes an “n” at the end of a syllable has a sound somewhere between an n and an m (in Japanese, it gets its own character when this happens)
  • “y” is a consonant, and in words like Tokyo and Kyoto, it is part of one syllable (written with two characters — it gets complicated)

Sorry if this seems a little pedantic. Now you’ll be able to read all those place names in the news and the items on your local sushi/teppanyaki place like a champ.

Now for a special what the??? edition of In Closing: Etsy child abuse; save the Northwest Tree Octopus (you’ve never seen one because they’re endangered!); secret cat haven; an unlikely charitable organization; duh; war on undesirables drugs; historically hardcore; capture the what??; actually it was a little longer than one decade; complaints; can you pass?; the Gentleman from Ohio; time for some realistic time management (including the use of the word NO); remember; vorpal bunnies in Spain; stupid; not really; worried; poor babies; fear; time poverty; the cat and the crickets; yes, this is real; Mrs. God; and find the unnecessary word in this comic:
PC and Pixel

This Just In

51% of Republicans polled are batshit crazy still think the President needs to show his original birth certificate.

Now here’s the thing. Go ahead and call the records office of the county where you were born. Tell them you need a copy of your birth certificate. It might cost you $10. I am willing to bet that 9 out of 10 of you will end up with a fresh computer printout of your birth certificate, rather than a certified copy of the “original” one with the signature of the doctor who delivered you. So by wingnut standards, you can’t prove you were born in the United States.

Furthermore, Hawaii is part of the United States. If you don’t know this, you really shouldn’t be allowed to vote.

And don’t even get me started on Boehner and the Budget. As Ezra Klein said on NPR this morning, if anybody in Washington were serious about cutting the deficit, they wouldn’t have extended the Bush tax cuts!

In Closing: 7 kinds of malicious hackers; truth; crime victims need not apply?; Susie‘s right; the House may have shoved it through, but the Senate can still stop the PATRIOT Act from being renewed; please tell me this was no shock; taking Kate to task; collider; and lessons of Star Wars.

But the Recovery is Still On, Right?

The Dow and S&P were both up today. The economy is [allegedly] growing. Everything is on track and will be wonderful in the future, right?

Yeah sure.

The experts — at least the ones that don’t have their heads stuck in the sand — know that a real recovery means people will have to spend more money. In an environment where the Bureau of Labor Statistics quietly admits that real unemployment is 16.7%, and some groups have unemployment rates as high as 28%, that seems unlikely to happen.

Almost 11% of houses sit empty, mostly in urban areas. Eventually these homes will either be renovated or bulldozed. Experts predict a boom in apartments, without bothering to mention that’s because it will be a long time before a typical American has a downpayment. Just a reminder: the housing crash means that not only can workers not afford to move to Where The Jobs Are, workers can’t afford to start small businesses either.

Union membership is down. This does mean that wages are going down because nobody is there to fight for a living wage. It means that stable jobs are gone, because there’s nobody to demand them. It’s also a symptom of the fact that we can’t seem to make much of anything more durable than a latte in this country.

So wages are down, unemployment is high, houses are money pits rather than assets. But hey, they’re having a party on Wall Street. Maybe there’s leftover cake.

In closing: no; LOOKOUT (or just be sane); and how does that fix the radiation?; more on Jack LaLanne; an idea whose time has come; childhood obesity; solve the puzzle, win a prize; it must be nice; on health care; yes, Albania; that too; puzzling; and in case you wondered.

Inland Shorties

To Paraphrase My Source: why do we demonize doctors for over-prescribing (and parents for over-demanding) antibiotics when 80% of them are used on the farm?

Don’t Panic: Yellowstone has risen by as much as 10″ in spots.

Useless: New food labels tell you everything they think you need to know at a glance on the front of the package! Except, of course, how big a serving is.

Follow Up: Great Jack LaLanne quotes.

Been a while since we had a Japanfilter: Old pictures, traditional recipes. Less traditional. Free Japanese lessons.

Holocaust Remembrance Day: Enough said.

About Jobs: It’s not about competition; this might take some time; if he’s right, his wife may be unemployed in 2 years.

ACLU: Oh Snap.

Unaffiliated: Monitor lizard.

When can I buy one?: VW‘s latest mileage monster.

Harry? Is that you??: Reid says we must “reintroduce truth into the public debate.” Among other things!

Sharron: Won’t rule out running for President in 2012. Shudder.

Google: strange sense of censorship.

Deficit: Why austerity is a sucker’s game.

Duh: Financial crisis was avoidable.

The War On Drugs Gets Silly: Drug catapult.

That Nixon Was Too Liberal: Newt Gingrich says the EPA must go.

JP Morgan Takes the Fifth: Won’t detail a half million loans.

No, really?: Housing bust means workers can’t move to new jobs, a key feature of the “job market.”

Rare Fossil: Pterosaur and egg.

Wanted: X-Ray Glasses

Watch this. It’s a man with a golf club, being shot to death in his own home by cops who had a no-knock warrant. He was known to have a drug problem, and was suspected of being a dealer. The county attorney called it “justified.” Do you hear the police identify themselves in that video?

Now then, pretty much every state in the union gives me the right to defend myself and my home. I live in a neighborhood where people try to deliver items to homes with the same number but a different street name on a regular basis. So I have a deadly serious question: When somebody is trying to break down my front door, how do I tell whether it’s a theoretical drug-addled group of gangsta neighbors, a bank trying to illegally foreclose on the wrong house, or Metro Police executing a no-knock warrant on the wrong address?

I’d really like to know, because in two of those situations I’m a hero for defending myself, but in the other I’m dead.

In closing: Todd the Bod; Facebook; really, Wal-Mart?; MC2; follow-up on an adoption; truth; and coffee.

America Needs Jimmy Stewart

Yesterday, the Christian Science Monitor asked “If we can require driver’s ed for teens, then why not voter’s ed?” It’s a good question, but it unravels when you start to ask what would be taught in that class. If you try to educate would-be voters on any of the actual issues involved in the current polls, you’ll be accused instantly of having an agenda: talk about the truth on Social Security and you’ll be called a liberal, if not an outright socialist, for example.

This Christmas, we decided to go ahead and watch the classic movie, It’s a Wonderful Life. You probably know the story: George Bailey runs a small bank in a small town in an honest and community-responsible way, and continually butts heads with the owner of the big, regional bank. Mr. Potter — unlike modern bankers — never actually does anything illegal, but he sure does some things that aren’t entirely *ahem* Christian. Thanks to the help of a friendly Angel, George gets to see what a mess the world would be without him.

At some point it occurred to me that It’s a Wonderful Life probably ought to be required viewing for Americans. Now, granted some people in the FBI thought it was communist propaganda. They thought everything was communist propaganda. But who can watch Bedford Falls transform into Pottersville and think that they are totally alone in the world? Who can watch the mess that unregulated monopolies [accidentally] create without thinking there is some necessary reigning in of big business? Who can really say it’s a bad thing for people to look out for one another in times of need?

Then I thought a little deeper, and realized that to balance out this movie’s religious overtones you really need more Jimmy Stewart. First, Mr. Smith Goes to Washington, another Frank Capra directed film, featuring a naive new Senator coming up against The Way Washington Works. Not only does this demonstrate unfortunate truths about politics, it shows a genuine filibuster, and the power of pressure from voters.

Finish out the film festival with a much later Jimmy Stewart film, Strategic Air Command — and I don’t just say that because I have a soft spot for Carswell AFB in Fort Worth. It’s another great movie with strong themes of service to country and family, showing us what our Armed Forces are supposed to be about (hint: it’s not about blowing up brown people on the other side of the globe).

There you have it: 6 hours of classic movie viewing that every American should see on an annual basis.

In Closing: the Cult of Rand; the Germans think we’re insane; scientists disagree, so let’s throw them out of the discussion; everything’s illegal; reconsidering triclosan; look what the TARP covered up (interesting picture, and interesting banner in the background); economics of contempt; on personal responsibility; on job creation and the economy (I hope this is right); great patent; come on, the guy’s got a Nobel Prize; and a laugh.

Huh.

I’m going to start by saying the only thing I intend to say about politics today: if are an American adult and you didn’t vote in Tuesday’s elections, I have no desire to hear any of your opinions about politics, the law, or the economy. You had your opportunity to make your voice known,  even if it was to vote for “none of the above.” Got that? Now get lost.

Now that that’s out of the way!

This week I’ve been collecting stories that just make you say “huh.” Like the newly found San Diego to Tijuana drug tunnel, complete with lights, ventilation, and a rail system! You know, if pot were legal and regulated, not only would this stuff have come into the country in a relatively safe truck, it would have generated taxes and tariffs. As a bonus it would be easier to keep it out of the hands of kids because the nice lady at 7-11 is actually going to check IDs. It would also cut the head off Mexican drug violence. (Funny, you heard a lot less about American gangsters after prohibition was repealed).

Elsewhere, CNN took it upon themselves to point out that cat costumes, Starfleet T-Shirts, teeny tiny miniskirts, blankets, evening gowns, and swimsuits are not appropriate attire for a job interview. Oh Really??

Another good one was USA Today informing us that kids who use “electronic media at night” sent an average of 34 texts or emails, and were often woken at night by calls or texts. Not surprisingly, they “may have mood or learning problems during the day….” Do you think??

But by far my favorite is the FBI manhunt for a couple involved in a Ponzi scheme. They allegedly defrauded a dozen investors of $3,000,000. Now here’s the strange part: the man met several of their victims while in prison. Now, would you take investment advice from a guy who was in prison? Apparently some people would.

In Closing: immaculate conception of snakes; the Great Wall of Croatia; T-Shirts for travelers; disaster coloring books; on unemployment and interest rates; shades of grey; JP nails it; amazing cure-all proven in study after study; Happy NaBloPoMo; the damage doesn’t look as bad from out here; and Samurai Reformer.

Extortion

Yesterday, we learned that Ford was planning to create 1200 new jobs in the state of Michigan. GM and Chrysler also announced job plans.

This morning I learned the truth: they planned to create those new jobs if they got certain tax breaks.

Sure is a nice state ya got here, Miz Granholm. Sure would be a shame if somethin should happen to it.”

Seeing as Ford’s profit in just the last three months was $1.7 billion ($1700 million if you prefer), why do they deserve such a tax break at the expense of the everyday people who pay taxes? Don’t you suppose the tax break given to the large and newly profitable again auto manufacturers could do a lot towards fixing Michigan’s abysmal roads and Detroit’s crumbling infrastructure? Perhaps it would be easier to balance Michigan’s budget if they didn’t have to play tax games with their biggest taxpayers.

Of course every state and many municipalities have to play this game, and corporations are more than happy to play us off one another, threatening to pick up their factories and stores and go somewhere else if they don’t get their way. And since Congress is a wholly owned subsidiary of Big Business, we can’t expect them to level the playing field for us. All we can do is sit back and hope our state and local politicians don’t screw us too hard in the name of “economic development” that may never materialize.

In Closing: How will they make enough money without bubbles to inflate??; college degrees by county; growth, accidents, and the poisoning of the Gulf of Mexico; the ACLU finally caught up to me on this one; I agree; how about we stop doing things we aren’t proud of instead?; Paul is Dead; and a novel way to get crime tips.

Interest Rates Must Go Up

Just about 5 years ago, I wrote this:

It is my theory that beneath certain levels, low interest rates do not stimulate the economy. There are several factors which combine to this result: First, when rates are very low, there is no incentive for lenders to extend credit to individuals and companies. Since the available rate of return is so low, they would rather take the sure thing on government bonds. Housing lending has continued partly because there is a real asset involved, and partly because such loans can be sold to aggregators such as Fannie Mae. [edit: this was before the housing bubble burst; the last sentence isn’t entirely true any more.]

Second, when interest rates are very low, corporate borrowers — who are supposed to be goaded into action by super low rates — are mindful that the Powers That Be feel the economy is lousy. It is a bad idea to incur debts and invest in infrastructure when the economy is lousy. What will the stockholders say? What cash they do have they will sit on until the moment is right [edit: leaving them in a position to, say, buy out a competitor who imprudently overspent]. After all, if the economy is lousy, they may well need the cash cushion. As for loans, they will wait for some kind of signal that things are improving — an increase in interest rates, maybe — before calling for cash.

Finally, the third leg of the economic table, Joe and Jane Average do not experience added liquidity. While the banks are more than happy to lend them money for concrete things like houses and cars, the banks are reluctant to lend them cash for things that have a lasting impact on the economy. They can’t get cash to start a business (or to help along their existing business) because it’s too risky — for the bank, that is.

Here we are, 5 years later. The Fed Funds Rate has been 0-0.25% for two years. That means banks are able to borrow essentially free money, and have been for two years! Mortgage rates did rise this week, after 12 weeks of declines and record lows, including the lowest rates since this data has been tracked. Under traditional economic theory, all kinds of growth should be stimulated!

So where’s the jobs that should be created by all this stimulation? Oh, right.

The truth is that monetary policy can’t fix what’s really wrong with our economy: banks and businesses we won’t admit are really failing; a workforce that can neither take advantage of job opportunities in other regions nor start small businesses because their houses have lost so much value as to leave them underwater; businesses that pay millions upon millions to executives and stockholders while paying as little as possible to laborers here, overseas, and/or illegal; tax and regulatory policies that encourage bad corporate behavior; a still-broken health insurance system that discourages hiring and will soon force all of us to pay tribute to profitable insurance companies; a failure to manufacture much of anything that somebody somewhere in the world would want.

But it gets worse. Those super low interest rates create one more problem for our economy. It punishes people who are trying to prudently save money for retirement, college, or just a rainy day. A side effect of this is that the Social Security Trust Fund is also getting low rates on their investments — which directly impacts the future of the system and gives future seniors a double-whammy even if they do everything “right.” Further, the low interest rates encourage people (and the government) to borrow money they might have a hard time paying back. While this might boost the economy in the short run, in the long run it’s just a longer bit of rope with which to hang.

Interest rates must rise. Bernanke must stop hiding the fact that some banks are already busted without effectively no-interest loans from the Fed. Institutions that are not solvent or are “too big to fail” must be broken up and turned into organizations that serve their customers. Investors must own up to the fact that their Mortgage Based Securities are worth no more than 70% of the face value and allow homes to be properly valued. Tax code must encourage corporations to spend money instead of hoarding it. And there must be incentives to hiring people here for decent wages, and better yet making something here that can be sold and exported. Let’s stop pretending we can build an economy on cheap credit and lattes.

In Closing: pants; T-shirts; it’s more intellectually honest than Megan’s Law; school reform hasn’t done much for learning; people with a prescription for painkillers might have painkillers in the house; and am I the only person with a tape measure in her bag?