Well, that was an interesting week. Finish strong with our free-range morning train reads:
• 39.3% of all US money spent online goes to Amazon. (Bloomberg)
• Remember When . . . ? (Wealth of Common Sense) see also The Junk Bond Rout That Wasn’t (NYT)
• Case closed: Apple’s dud might do alright (MacWorld)
• Financial Gate Keepers from Hell (A Teachable Moment)
• Rebuilding the Middle Class the Army Way (NYT)
• Why Are Drug Monopolies Running Amok? Meet revolving doorist Deborah Feinstein (The Intercept)
• 10 Unconventional Habits to Live Distraction-Less (Becoming Minimalist) see also How I Turned My iPhone Into a Simple, Distraction-Free Device (Lifehacker)
• The secret catalog American law enforcement orders cellphone-spying gear from (boingboing)
• A Year in Search 2015 (Google Trends)
• The Case for the Empire: Everything you think you know about Star Wars is wrong. (Weekly Standard) see also The Radicalization of Luke Skywalker: A Jedi’s Path to Jihad (Decider)
Be sure to check out our Masters in Business interview this weekend with Stephen Roach, formerly Chief Economist at Morgan Stanley, currently lecturer at Yale.
Commodities Bust? Love It!
Weekly Standard: Order liberty at the cost of freedom. Shorter why the US empire prefers complicit autocrats or al Qaeda states.
The best use for Weekly Standard is butt wipe for your pets.
Cruz says he is and always has been against immigrant amnesty, but it’s a lie.
Trump when asked about Putin killing journalists says, “Well at least he’s a leader.”
Rubio’s love child. The news leaves the Beltway, Finally.
Your GOP front runners. Huckabee anyone?
“Trump when asked about Putin killing journalists says, “Well at least he’s a leader.” ”
I don’t think you’re fooling any one, Venn.
BANK OF AMERICA: IT’S BOND CARNAGE
Not yet…. but soon.
Once the Saudi’s decide to pump, the commodity complex rises, inflation too, and the ten percent of the world’s economy (commodities) rebounds to middling growth from painful bankruptcy.
Bonds will be hurt as central banks raise. There’s so much government paper not to mention all the corporate bonds used to buy back stock.
It will take time, But not much in the grand scheme. Central bank bond selling when it happens, will happen hard and fast and that will be the real bond carnage.
Residential Property Values increased 5.9% year-over-year in October
House price trends have reverted to mean growth and will continue as solid 2-3% growth doubles the economy every twenty-five years.
Get your low mortgage on a nice slice of downtown real estate now and hold it for thirty years.
Let the terrorists buy automatic weapons otherwise Obama’s NSA machines will know I called for pizza delivery last night!
This is not my America!
Don’t forget, Jar Jar was a Sith Lord. See https://www.reddit.com/comments/3qvj6w
FDIC doing its job – cool
Next we will have the banksters running to their purchased politicians with a “mom he is telling me I cannot pee in the pool with quadruple leverage” – so lets se how long they will be allowed to demand responsible behavior.
Some very interesting points about a reality that few corporate media dare to cover.
The radicalized muslims are suicidal individuals detached from their communities and mosques. They are not radicalized in their mosques but when they lose guidance from their mosques.
The percentage of killers in any religion is small.
But you can’t get that through The Bases’s head because they don’t use numbers, they go by narratives paid for by the GOP Media Machine Establishment. Well know all that investment in BS is coming back to bite their soft white asses.
Budget austerity takes a back seat as the GOP-CONTROLLED House passes nearly $700 billion in unpaid-for tax cuts.
“…Rand Paul thinks the national debt is the “greatest threat” to America’s future. Donald Trump warns that the nation is at risk of becoming “a large-scale version of Greece.” And Marco Rubio says the debt will “shackle future generations.” But on Capitol Hill this week, just hours before they jet away for the holidays, the GOP-led Congress is going on a $680 billion spending spree — none of which will be paid for by budget cuts or other tax offsets. And all of which will be added to the national debt, according to budget watchdogs...”
Get it out of your head the GOP is fiscally responsible. Reagan quadrupled the Debt. Bush cut taxes while we went to war.
ANYONE who tells you the Republicans are fiscally responsible should have their faced laughed into.
Updated December 12 2015
Anti-ISIS holiday display in Maine raises some eyebrows
Sheriff’s deputies visited the Limerick homeowner after someone expressed concerns about the creative use of holiday lights and a Santa Claus.
By Kevin Miller Staff Writer
A Limerick homeowner’s use of holiday lights to make a statement against terrorism caught the attention of some residents – and prompted a visit from sheriff’s deputies.
The homeowner used lights to spell out the word “ISIS” – an apparent reference to the so-called Islamic State militant group – on what appeared to be a board placed near the ground floor of the house, a photo released by police shows. Perched above the display on the home’s deck, however, is a lit-up Santa Claus that appears to be urinating on the word ISIS, as illustrated by a stream of white lights.
Happiness Doesn’t Bring Good Health, Study Finds
By DENISE GRADY
DEC. 9, 2015
Go ahead and sulk. Unhappiness won’t kill you.
A study published on Wednesday in The Lancet, following one million middle-aged women in Britain for 10 years, finds that the widely held view that happiness enhances health and longevity is unfounded.
“Happiness and related measures of well-being do not appear to have any direct effect on mortality,” the researchers concluded.
“Good news for the grumpy” is one way to interpret the findings, said Sir Richard Peto, an author of the study and a professor of medical statistics and epidemiology at the University of Oxford.
how to fix our Federal tax system?
give payers the option to indicate where they want their taxes go. sort of like that question about supporting
I like this idea a lot!
The sense of participation and that your vote really matters might also encourage higher voter turnout, which would be a net positive.
biggest US boon dongles (public only. private ones dont make the news)
best cars for ‘real’ life
hm, teacher doesnt believe that Sandy Hook eve happened
Wow! Seems that even if you say the sky is blue, there is likely someone who will disagree despite the evidence of their eyes.
Obama the biggest friend the gun industry ever had?
the myth of radicalization is making us unsafe
its not what politicians say it is
and a lot of what we ‘know’ about that san bernadino massacre isnt what is true. seems that neither of the terrorists ever did public announcements that they intended to attack.
and the myth of how people get radicalized is false. it doesnt work that way
and not been noticed much but there have been more shootings by domestic terrorists (of the right wing variety) than any one else
Interesting article about why the US pays more for pharmaceuticals than anywhere else. However, I think they miss the point with the statement “In the United States, drug prices are set by the market — unlike elsewhere”.
Elsewhere also uses market pricing, in many cases more so than in the US. The single payer systems, like many insurance companies in the US, will have drug companies compete against each other price-wise for similar drugs. If there are, say 5 drugs to combat cholesterol, that are relatively similar then they will ask for pricing of those drugs. If one or two companies refuse to provide pricing comparably low to the others, then they are simply told that their drugs can’t be prescribed in that single payer system unless the other cheaper drugs are shown to be ineffective or have unacceptable side-effects for that particular patient. I had something similar happen here in the US a couple of years ago when one prescription that I use regularly was suddenly not covered by the insurance company anymore and a choice was given for a couple of other similar products (which have worked fine).
In the US, Medicare is not allowed to use its buying power to negotiate drug prices, so the pharmaceutical companies can simply state the price they are willing to accept. the patient is then left with the choice of paying for the drug and receiving it or not paying, thereby not receiving it. Non-US single payer systems intervene in that negotiation and negotiate a price with the drug companies with the implicit threat that they will generally be unable to sell it at all in that jurisdiction if they don’t show good faith in their negotiations.
Exactly so. It is actually easier to show that the US pharmaceutical market is more rigged than markets elsewhere beginning with the strictures on Medicare price negotiation but certainly not ending there; e.g., monopoly protection.
if Trump (or most of the GOP candidates gets elected, they will need to find new military leaders?
seems they will just up and retire en masse. they also are starting to wonder just how much support they have from the GOP since they dont see much ion the way of support other than PR stunts
Considering the track record of senior officers in the US I suspect mass resignation would lead to improvement.
The mad hatters’ on the hill should leave too.
hm, Chase forgot to tell customers they wee in business?
odd how that works out. we seem to always forget that any business we deal with is there to make a profit, off you
thought republicans were worried about national security and anti immigrants
only as long business doesnt want them