Our locally grown, 40 day dry aged morning train reads:
• Does It Really Matter Exactly When the Fed Raises Rates? (NYT) see also June FOMC Recap (Tim Duy)
• Apple Watch: My most personal review ever (Loop)
• Rich people are jerks, explained (Vox)
• GOP bill would repeal federal ethanol mandate (TheHill)
• Unicorns (Stratechery)
I am a climate change believer, but did not worry about the impact to me…until I moved back to Florida.
http://eyesontherise.org/app/#tab1
I’m renting a home at an elevation of 4ft, and looking at some very nice homes only marginally higher. Sea level is rising, and I wonder the impact to my investment, and how many years it will take before rising sea levels have an impact on coastal property values. Luckily flooding is not happening where I am, like it is in Miami (http://www.miamiherald.com/news/local/community/miami-dade/article2564166.html) but is it just a matter of time?
I know, don’t cry for me, but sea level rise will affect more Americans than we think.
The Pope is actually a trained scientist. Here’s an article about a group that is conducting a campaign against the Pope. Don’t know a lot about the Pope but I hope (and I’m reasonably sure he will) stand by his convictions.
http://cnnphilippines.com/world/2015/06/18/Heartland-Institute-Pope-Francis.html
Pope urges revolution to save Earth, an ‘immense pile of filth’
http://www.sacbee.com/news/nation-world/world/article24867535.html
The Pontiff is a chemist.
One of the Scientists you’d think Rick Sanatorium would listen to.
Tax cuts for the filth creators!
It is very apropos that “Rich People are Jerks” and “Scientist’s Fight to Ban Trans Fats” showed up in the same reading list.
The wealthy are put on an alter and adulated. Meanwhile they fight very organized battles to make sure that work by dedicated individuals to improve the public health is as long and arduous as possible. Individual scientists were at the heart of decade’s long battles to get lead out of gasoline, eliminate trans fats, etc. While some of these people worked in government agencies, they usually had to expend as much of their energy fighting their own agencies as the outside forces, mainly because the status quo is highly prized by people with power and wealth.
The cost of criminalizing the underclass:
http://www.syracuse.com/news/index.ssf/2015/06/car_dealer_fires_former_gang_member_after_syracusecom_story_about_his_success.html
Another unemployed ex-con now. Prior to that he was likely to be a consumer with money in his pockets. Underemployment because of numerous people with criminal records is likely one reason the S&P 500 is struggling to increase revenue and why GDP growth is slow.
Donald Trump is creating jobs. Well paying jobs. $50 a pop to cheer him.
Blackhawks Stanley Cup costing Chicago Productivity
“In Chicago, it’s significant,” said Andrew Challenger, Vice President of the firm. “We have a lot of Blackhawks fans and a lot of wages that are going to be paid to distracted workers or those who don’t show up.”
http://chicago.suntimes.com/news/7/71/699779/analysis-stanley-cup-costing-chicago-lost-worker-productivity
We need to put a stop to this. Jobs Jobs. Jobs. Drill , Babt, Drill. Boehner and McConnell need to step in where Obama won’t and solve the Chicago productivity crisis.
Doesn’t the amount of water used and energy consumption required in the production of ethanol kind of neutralize its supposed environmental benefits anyway? This article http://business-ethics.com/2010/06/05/is-ethanol-better-for-environment-than-gasoline/ says “Cornell agriculture professor David Pimentel argues that producing ethanol actually creates a net energy loss. His research shows that a gallon of ethanol contains 77,000 BTUs of energy for engines to burn but requires 131,000 BTUs to process into usable fuel, not including additional BTUs burned from fossil fuel sources to power the farm equipment to grow the corn, and the barges, trains and trucks used to transport it to refineries and ultimately fueling stations.”
A more balance discussion than the far right howlers provide.
http://alternativeenergy.procon.org/view.answers.php?questionID=001261
Alaska’s wacko Environmental Regulations Causing less rain and more fires.
http://www.washingtontimes.com/news/2015/jun/18/fireworks-burning-bans-issued-in-parts-of-alaska/
Please give money to Carly Fioini so she can spread the truth about the horrors of liberal’s lame-brained attempts to protect the environment in Alaska actually ruins it.
“And Mr Obama, Tear off those solar panels from the White House Roof, like I did” – Reagan.
Was he inspired by Donald Trump’s talk of Rapists?
”He just said ‘I have to do it. You rape our women and you’re taking over our country. And you have to go,'” Johnson told NBC News.
http://www.businessinsider.com/the-fbi-has-identified-the-21-year-old-suspected-of-shooting-9-people-in-south-carolina-2015-6
Trump Paid Actors to Cheer at his Announcement.
http://news.nationalpost.com/arts/celebrity/donald-trumps-campaign-paid-actors-50-to-support-the-presidential-candidate
Must have been all his liberal Hollywood friends, RightData?
Bank invites Barney Frank onto its Board
http://blogs.wsj.com/moneybeat/2015/06/17/barney-frank-yes-that-barney-frank-joins-a-bank-board/
With record jobs, growth, and the equity markets, Its fair to say the whiners about Dodd-Frank are wrong.
Mate, I think its fair to say you don’t know what you are talking about, and miss the point completely:
1) Franks’s sinecure is a perfect example of the capture of regulators and elected representatives by the industry they are meant to ‘control’, that is, to ‘keep it between the ditches’ [were you around seven years ago when the world was blown up by these idiots?]
2) Dodd-Frank itself is another dreary example of how the laws are gamed to favour insiders, cronies, & large institutions: the denizens of the status quo. Don’t you know that the largest banks are even larger than they were before the carnage and mayhem post Sept. 14, 2008? Or have you noticed the disappearance rate of smaller community banks across the USA, as they merge or disappear because they can’t afford the compliance costs to ‘Frank ‘n Dodd’?
3) I dispute your claim of ‘record jobs’ [whatever that means], growth has been anaemic at best, and the run up in equity markets has more to do with QE and central bank intervention in most Western markets. ‘Frank ‘n Dodd’ is irrelevant.
I commend this piece of advice for you tomorrow: engage brain before posting.
Hank Greenberg Won Ruling on AIG Bailout, Will Appeal Anyway
http://www.bloomberg.com/news/articles/2015-06-16/hank-greenberg-won-ruling-over-aig-bailout-will-appeal-anyway
More. He wants more. Winning isn’t enough, it’s about more. More More More. More tax cuts, too.
The Republican Id along with Donald Trump.
Keep on voting them tax cuts. You suckers.
NASA data shows global groundwater depletion
Water is drawn faster than replenished in most of world’s largest aquifers, according to two studies
June 16, 2015
by Renee Lewis
In over half of the world’s largest aquifers, water is being drawn faster than it is being replenished, while some of those wellsprings may be much smaller than previously assumed, according to two studies released on Tuesday.
As climate change and population growth increasingly stress the world’s water supplies, understanding how much groundwater exists and at what rates it can be sustainably drawn is critical, said scientists behind the studies.
“Until improved storage estimates exist to determine a system’s full capacity to buffer against renewable ground water stress, continued pressure on aquifer systems could lead to irreversible depletion that seriously threaten the sustainability of groundwater dependent regions,” said a University of California at Irvine report titled “Uncertainty in Global Groundwater Storage.”
…
http://america.aljazeera.com/articles/2015/6/16/nasa-data-shows-global-groundwater-depletion.html
The study mentioned in the Vox article is rather enlightening and a bit disturbing:
http://www.pnas.org/content/109/11/4086.full
“Seven studies using experimental and naturalistic methods reveal that upper-class individuals behave more unethically than lower-class individuals.”
But are they assholes because they are rich, or are they rich because they are assholes?
“The secret of great fortunes without apparent cause is a crime forgotten, for it was properly done” – Honore de Balzac
often paraphrased as “Behind every fortune there is a great crime”
So the answer is that the first generation of wealth is often so because they are assholes while the ensuing generation are so because they are rich.
US Births Up.
http://www.philly.com/philly/health/20150617_ap_7b15a4bd711c4e17b8347babed4419bd.html
More families want to bring children into Obama’s world of freedom and hope.
This is an interesting look at the language that the media uses depending on whether or not the shooter is white or black, as well as looking at how victims are described.
http://www.washingtonpost.com/posteverything/wp/2015/06/18/call-the-charleston-church-shooting-what-it-is-terrorism/?tid=pm_pop_b