Tag: inflation

For anyone whose read my pieces in the past, knows that I hold a certain disdain towards former Reagan White House OMB Associate Director/conservative-libertarian Ayn Rand acolyte Larry Kudlow.  It’s nothing personal against the guy, it’s his ideas and economic policy objectives that I find fault with.  For the past couple of months, he’s been going on about this is the “Goldilocks economy.”  Essentially, that we’re worrying about nothing because one bad economic indicator is being offset by a good one (mind you, he’s often just used productivity as that one).  Well today, despite his claims that all is almost well, we got some news that just proves Larry Kudlow wrong!  

Greetings ladies and gentlemen to the latest episode of Manufacturing Monday. Couple of interesting things to discus today, and some interesting numbers to watch this week.  First we have what appears to be a new take on price fixing by manufacturers.  Next we explore the recent collapse in the price of grains. Our last piece is a story from the Financial Times where companies and groups are hiring the very element that help drive up their costs, speculators, to well…sorta fight speculators.  Kinda reminds me of those old westerns where they hire a gunfighter to take on the baddie.  Finally, as mentioned, there are numbers we’re watching, the Producer Price Index being released tomorrow, Jobless claims and the Philadelphia Fed Survey on Thursday.

(Author’s note: Much thanks to Bondad for the data, without him, I could not complete this. )

It seems Congress is looking into getting the tax code to work in bringing jobs here.  Also, on the inflation front, Dow Chemical is reporting that material costs have become a financial tumor.  Folks, welcome to another edition of Manufacturing Monday!

He says we need to be told by the Pope that people are precious, that right and wrong matter!

And, it’s just a “tough” patch we’re going through. Bush just said so. here. But worse:

Listen up, you utterly deprived (not-fit-to-be) lying president, because you caused a great deal of the pain and suffering Americans are right now encountering. You have caused a war that was unnecessary that killed hundreds of thousands of people and wounded many more. Millions are refugees because of your war. Talk about precious life? “Sacred” life? You don’t know the meaning of the word.

Famines may occur because you were unwilling to act on climate change because you wanted to help the rich get richer. Don’t tell me the Pope needs to talk to me about right and wrong!!!!!

Don’t you hate being lectured by an idiot?

~~cross-posted at orange~~

Reminder more or less that May 1 is the International Worker’s Day and early American labor rights protesters initiated it. It’s an American tradition – not a Communist tradition. And it’s a pagan tradition from the dawn of time.

I hope you all had a great May Day. As I post this it’s still May 1 from the CDT zone westward. For those who saw the original post, you can just skip it or get refreshed. For those who haven’t seen it, it has some interesting background on the history of the day.

Herewith, a recycled essay:

May 1.

A lot of Americans have apparently been brainwashed during their formative years. Especially the crowd over at the site that shall not be named. The vast majority associate the first day of the month of May as a Soviet Communist celebration day. Then again a sizable number of Uhmericans think Saddam Hussein was complicit in the 9/11 atrocities. Oh, and the wiretapping started after 9/11 and not like late February or early March of 2001.

May first was a holiday before there was a May. It’s a cross-quarter day. That means it falls about halfway between a solstice and an equinox. Back before keyboards, laser mice and high-speed internet connections people used to notice these things. The only thing that emitted light, besides fire, was in the sky. You can check out the sky anytime. Just click here. Cool, huh? And you didn’t have to let go of your mouse to do it.

So back in the days of stone knives and bearskins, and I’m not talking about the Star Trek episode where Spock and McCoy have to build a time-machine thingie with 1930s tech, or even the dark ages of eight bit processors, RAM limits of 65536 bytes and machine code, I’m talking real stone and real bear. Hell, sabre-tooth tiger and wooly mammoth times. Back when chipped flint was high-tech. In the time of neo-pagans (not to be confused with the neopaganists of today).

Together with the solstices and equinoxes (Yule, Ostara, Midsummer, and Mabon), these form the eight solar holidays in the neopagan wheel of the year. They are often celebrated on the evening before the listed date, since traditionally the new day was considered to begin at sunset rather than at midnight.

Festival name Date Sun’s Position

Samhain 1 Nov (alt. 5-10 Nov) ? 15° ?

Imbolc 2 Feb (alt. 2-7 Feb) ? 15° ?

Beltane 1 May (alt. 4-10 May) ? 15° ?

Lughnasadh 1 Aug (alt. 3-10 Aug) ? 15° ?

There are Christian and secular holidays that correspond roughly with each of these four, and some argue that historically they originated as adaptations of the pagan holidays, although the matter is not agreed upon. The corresponding holidays are:

   * St.Brigids Day (1 Feb), Groundhog Day (2 Feb), and Candlemas (2 or 15 Feb)

   * Walpurgis Night (30 Apr) and May Day (1 May)

   * Lammas (1 Aug)

   * Halloween (31 Oct), All Saints (1 Nov), and All Souls’ Day (2 Nov)

Groundhog Day is celebrated in North America. It is said that if a groundhog comes out of his hole on 2 February and sees his shadow (that is, if the weather is good), there will be six more weeks of winter. February 2nd marks the end of the short days of winter. Because average temperatures lag behind day length by several weeks, it is (hopefully) the beginning of the end of winter cold.

It’s been Groundhog Day in Iraq for five years now. But who’s counting?

There’s more: