September 2, 2013 archive

Sep 02

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Sep 02

Going to the Dogs – Stock Analysis not fit for family

You can’t buy this kind of indepth analysis found on a stock message board:

There are many anecdotes about dogs smelling cancer incl. one in the news last week in which the woman had no symptoms and no idea she had cancer, but her dog sniffed it out, she got checked, and now credits the rescued dog for rescuing her back.

Can you imagine? Guided goes away, replaced by dogs sniffing crotches — they do have eons of ancestral experience at that!

Men meet women, wine & dine them, send flowers, dress up, cologne, spend lots of money while the brilliant canines just saunter up, sniff the bitches’ crotches, one whiff, “She’s for ME!”

Reference for completeness only:

http://www.investorvillage.com…

Best,  Terry

Sep 02

Cartnoon

Sep 02

A Labor Day Message from Robert Reich

Trimmings for Labor Day

Robert Reich

Sunday, August 25, 2013

The good news this Labor Day: Jobs are returning. The bad news this Labor Day: Most of them pay lousy wages and low if non-existent benefits.

The trend toward lousy wages began before the Great Recession. According to a new report from the Economic Policy Institute, weak wage growth between 2000 and 2007, combined with wage losses for most workers since then, means that the bottom 60 percent of working Americans are earning less now than thirteen years ago.

This is also part of the explanation for why the percent of Americans living below the poverty line has been increasing even as the economy has started to recover – from 12.3 percent in 2006 to around 14 percent this year. More than 35 million Americans now live below the poverty line.



But wait a minute. Over this same period, productivity has grown by nearly 25 percent. That means the typical American worker is now producing a quarter more output than he or she did in 2000.

So if wages have flattened or declined for the bottom 60 percent, yet productivity has increased, where have the gains gone? Mostly, to corporations and the very rich.



Few of these workers are teenagers. Most have to support their families. According to the Bureau of Labor Statistics, the median age of fast-food workers is over 28; and women, who comprise two-thirds of the industry, are over 32. The median age of big-box retail workers is over 30. These workers typically bring in half their family’s earnings.

They deserve a raise.

At the very least, the minimum wage should be increased from the current $7.25 an hour to $10.50 – and to $15 in areas of the country with a higher cost of living. Had the federal minimum simply kept up with inflation from the late 1960s, it would already be well over $10 today.



Unlike industrial jobs, these sorts of retail service jobs can’t be outsourced abroad. Nor are they likely to be replaced by automated machinery and computers. The service these workers provide is personal and direct: Someone has to be on hand to help customers and dole out the burgers.

And don’t believe critics who say any wage gains these workers receive will be passed on to consumers in higher prices. Big-box retailers and fast-food chains have to compete intensely for consumers. They have no choice but to keep their prices low.

This means wage gains for low-paid workers are most likely to come out of profits – which, in turn, would slightly reduce returns to shareholders and compensation packages of top executives.



It would not be a tragedy if some of these shareholder returns and compensation packages had to be trimmed in order that low-wage workers at McDonald’s, KFC, and Walmart got a raise.

Indeed, if this nation is to reverse the scourge of widening inequality, such a trimming is necessary.

Sep 02

On This Day In History September 2

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour a cup of your favorite morning beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 2 is the 245th day of the year (246th in leap years) in the Gregorian calendar. There are 120 days remaining until the end of the year.

On this day in 1969, America’s first automatic teller machine (ATM) makes its public debut, dispensing cash to customers at Chemical Bank in Rockville Center, New York. ATMs went on to revolutionize the banking industry, eliminating the need to visit a bank to conduct basic financial transactions. By the 1980s, these money machines had become widely popular and handled many of the functions previously performed by human tellers, such as check deposits and money transfers between accounts. Today, ATMs are as indispensable to most people as cell phones and e-mail.

Several inventors worked on early versions of a cash-dispensing machine, but Don Wetzel, an executive at Docutel, a Dallas company that developed automated baggage-handling equipment, is generally credited as coming up with the idea for the modern ATM. Wetzel reportedly conceived of the concept while waiting on line at a bank. The ATM that debuted in New York in 1969 was only able to give out cash, but in 1971, an ATM that could handle multiple functions, including providing customers’ account balances, was introduced.

ATMs eventually expanded beyond the confines of banks and today can be found everywhere from gas stations to convenience stores to cruise ships. There is even an ATM at McMurdo Station in Antarctica. Non-banks lease the machines (so-called “off premise” ATMs) or own them outright.

Sep 02

Muse in the Morning

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Muse in the Morning


Melted

Sep 02

Late Night Karaoke

Sep 02

Syria: Kerry Says Obama Can Act Without Congress

Cross posted from The Stars Hollow Gazette

On  Friday President Barack Obama, citing “proof” that the Assad government used chemical weapons on his own people, said that he will go to congress for approval for authorization to use military force in Syria. The purpose, according to the president, is to send a message to Syrian President Bashir Assad not to do that again.  

He appeared to acknowledge some potential pitfalls when he called on members of Congress to “consider that some things are more important than partisan differences or the politics of the moment”.

The president did not say whether he would launch a military attack without congressional approval.

The question of whether a US president can launch military action without congressional backing is subject to dispute. While it is argued a commander-in-chief cannot constitutionally declare war without Congress, in recent decades presidents have used executive powers to sanction military action. When running for president in 2007, Obama said the president “does not have power under the constitution to unilaterally authorise a military attack in a situation that does not involve stopping an actual or imminent threat to the nation”. He added that “in instances of self-defence, the president would be within his constitutional authority to act before advising Congress or seeking its consent”.

Obama came under serious criticism for attacking Libya in 2011 that led to the overthrow and assassination of Moammar Gaddafi.

On this morning talk shows, Secretary of State John Kerry told the talking heads that the US has evidence that sarin gas was used but could not cite precise evidence that it was the Assad government that used it or that Assad had ordered its use. Kerry also said that the president has the right to act regardless of the congressional vote:

Less than a day after the president vowed to put an attack to a congressional vote, secretary of state John Kerry said the administration was determined to act against the regime of Bashar al-Assad, and did not need the backing of Congress to do so.

Kerry, one of the leading advocates of a military assault on dictator Bashar al-Assad, claimed the US had identified the type of nerve agent used in the 21 August attacks on 12 neighborhoods outside Damascus. [..]

The secretary of state stressed that President Obama had the right to take action “no matter what Congress does”. He said he could “hear the complaints” about presidential abuse had Obama not gone to Congress, but that its backing would give any military action greater credibility: “We are stronger as a nation when we act together.” But he added: “America intends to act.”

Incredibly, there are some congress critters who believe the president should attack Syria. Rep. Peter King (R-NY) clearly stated that Obama was “undermining the authority of future presidents”;

“President Obama is abdicating his responsibility as commander-in-chief and undermining the authority of future presidents. The President does not need Congress to authorize a strike on Syria. If Assad’s use of chemical weapons against civilians deserves a military response, and I believe it does, and if the President is seeking congressional approval, then he should call Congress back into a special session at the earliest date,” King said in a statement. “The President doesn’t need 535 Members of Congress to enforce his own redline.”

While his rhetoric may be the most charged, King is not alone in calling for Congress to come back immediately. House Foreign Affairs ranking Democrat Eliot L. Engel of New York said something similar in his own statement.

“The President has laid out a strong and convincing case to the American people for action in Syria. However, I understand his desire to seek explicit authorization to do so from Congress,” Engel said. “I call on the Speaker to immediately recall the House back from its August recess and debate this critical issue as soon as possible.”

So just who it that’s abdicating his Constitutional responsibilities?

One of the biggest problems with the justification for the action is the assertion that it is the Assad government that used the weapons. After the lies told by the Bush administration and the faked intelligence of yellow cake, there is little confidence in the integrity of the intelligence community not to tell the truth and do the bidding of an administration determined to start another war.

The ghost of “Curveball” is haunting the Obama administration and undermining its efforts to marshal strong foreign and domestic support for military strikes on Syria.

Curveball was the code name given Iraqi defector Rafid Ahmed Alwan, who claimed in 1999 that Saddam Hussein had deployed mobile biological weapons labs to evade international detection of his manufacture of weapons of mass destruction. His testimony, even though viewed as dubious, was used by the George W. Bush administration to justify the 2003 U.S.-led invasion of Iraq.

As Americans and their allies debate the wisdom of making military strikes against the government of Syrian President Bashar Assad, the phony pretext for the Iraq invasion is being dredged up by those fearful of being lured into another protracted Middle East war.

Asia Times roving Correspondent, Pepe Escobar has covered the Syrian conflict since it began almost two and a half years ago. He appeared on RT news to discuss Obama’s determination to attack Syria

Obama Set For Holy Tomahawk War

By Pepe Escobar

The ”responsibility to protect” (R2P) doctrine invoked to legitimize the 2011 war on Libya has just transmogrified into ”responsibility to attack” (R2A) Syria. Just because the Obama administration says so.

On Sunday, the White House said it had ”very little doubt” that the Bashar al-Assad government used chemical weapons against its own citizens. On Monday, Secretary of State John Kerry ramped it up to ”undeniable” – and accused Assad of ”moral obscenity”.

So when the US bombed Fallujah with white phosphorus in late 2004 it was just taking the moral high ground. And when the US helped Saddam Hussein to gas Iranians in 1988 it was also taking the moral high ground.

The Obama administration has ruled that Assad allowed UN chemical weapons inspectors into Syria, and to celebrate their arrival unleashed a chemical weapons attack mostly against women and children only 15 kilometers away from the inspectors’ hotel. If you don’t believe it, you subscribe to a conspiracy theory.

Evidence? Who cares about evidence? Assad’s offer of access for the inspectors came ”too late”. Anyway, the UN team is only mandated to determine whether chemical weapons were deployed – but not by who, according to UN secretary-general Ban Ki-moon’s spokesman.

As far as the Obama administration and UK Prime Minister David ”of Arabia” Cameron are concerned – supported by a barrage of corporate media missiles – that’s irrelevant; Obama’s ”red line” has been crossed by Assad, period. Washington and London are in no-holds-barred mode to dismiss any facts contradicting the decision. Newspeak – of the R2A kind – rules. If this all looks like Iraq 2.0 that’s because it is. Time to fix the facts around the policy – all over again. Time for weapons of mass deception – all over again.

h/t Edger at Docudharma

Sep 02

Sunday Movie Showcase

Sep 02

Today on The Stars Hollow Gazette

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The Stars Hollow Gazette