I just read this from Professor Bainbridge.
He says that Charting the market, market patterns and such don't work. Cites random walk.
Gosh, I guess I'll have to put away all my Elliot stuff.
And Kodratieff.
I'm sure he thinks he has a corner on the market. He does. Of blindness.
But for your review: Read what he has to say.
Pshaw
Thursday, July 08, 2010
I agree with Ann
Bill Kristol Must Resign
Republican National Committee chairman Michael Steele was absolutely right. Afghanistan is Obama's war and, judging by other recent Democratic ventures in military affairs, isn't likely to turn out well.
It has been idiotically claimed that Steele's statement about Afghanistan being Obama's war is "inaccurate" -- as if Steele is unaware Bush invaded Afghanistan soon after 9/11. (No one can forget that -- even liberals pretended to support that war for three whole weeks.)
Yes, Bush invaded Afghanistan soon after 9/11. Within the first few months we had toppled the Taliban, killed or captured hundreds of al-Qaida fighters and arranged for democratic elections, resulting in an American-friendly government.
Then Bush declared success and turned his attention to Iraq, leaving minimal troops behind in Afghanistan to prevent Osama bin Laden from regrouping, swat down al-Qaida fighters and gather intelligence.
READ THE WHOLE THING
Tuesday, July 06, 2010
My Resume must be lost in the MAIL
IF you want to see what 38.7 million dollars a year can buy you, the white house just released all the salaries of everyone that works at the white house. It's quite a list. I guess getting a Job with the Obama administration is out for me ... I haven't been real nice to him. Harrumph
thehill.com
The highest salary, $172,000 per year, goes to staffers like chief of staff Rahm Emanuel. The White House on Friday released the salaries of its staff members ranging from its lowest-level employees to chief of staff Rahm Emanuel.
Obamaincompetence
online.wsj.com
In the Wall Street Journal, Paul Rubin writes that there are obvious actions to speed up the Gulf oil spill, but the government oddly resists taking them.
Trapped
Get Ready for the Largest Tax Increase in HISTORY
This will be the largest tax increase in HISTORY. Hang on to your hats. Things are going to get very rough. Say goodbye to Jobs. I wonder what the strategy is when the administration slashes common sense things like: The child tax credit will be cut in half from $1000 to $500 per child. The AMT will ensnare over 28... million families, up from 4 million
last year. The standard deduction will no longer be doubled for married couples
relative to the single level. Small business expensing will be slashed and 50% expensing will
disappear. Everyone is about to see their taxes go up a great deal. Even the Earned Income Tax Credit for poor people is on the table. This is not good policy. But we voted this in and now we have to live with it.
See More
atr.org
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors,
Foolish Mayors
Star Parker calls out the foolishness that diverts attention from the Real Problems in Urban America
www.dakotavoice.com
The bottom line on “clean energy” initiatives is that the only sure things we will get are more taxes, higher costs, and more government. Guaranteed costs for benefits that are extremely questionable. Black mayors would be better redirecting their attention from the atmosphere to realities here on ...
Early Ga Ga
I hate the faux stuff and videos of Lady Gaga. But, I think she is an amazing talent. Creative. Now if we could just get her saved. This old video of her in college is evidence of how good she really is. I hope she goes straight. The Elton John look takes away from her great ability. I hope you don't think I'm backslidden. But, some secular music is good. I like Opera too. So. There ya go.
See More
www.youtube.com
1 girl 1 piano i HUGE talent! AMAZING musical performance from a girl in college.
Deadbeat Illinois
Illinois is now the poster child for what NOT to do in government. Let's see, who's running the state. Oh, yeah, all democrats, Liberals. 100%. And where is the President and much of his staff from. Oh Yeah. This can't be good...it's not.
www.theneweditor.com
The Divider has Come
We are a nation divided. And it revolves around our present government. Equal % of people approve of President Obama as disapprove of him. This isn't good.
www.realclearpolitics.com
Totalitarianism
Stephen Vincent Benet poem Listen to the People, which was first read over nationwide radio on July 7, 1941
It seems like we are there once again. This was a few months before Pearl Harbor and Before we entered WWII. Read it and in that context think about the voices you hear today.
We are close to totalitarianism.
THE POEM:
Narrator:
This is Independence Day,
Fourth of July, the day we mean to keep,
Whatever happens and whatever falls
Out of a sky grown strange;
This is firecracker day for sunburnt kids,
The day of the parade,
Slambanging down the street.
Listen to the parade!
There’s J. K. Burney’s float,
Red-white-and-blue crepe-paper on the wheels,
The Fire Department and the local Grange,
There are the pretty girls with their hair curled
Who represent the Thirteen Colonies,
The Spirit of East Greenwich, Betsy Ross,
Democracy, or just some pretty girls.
There are the veterans and the Legion Post
(Their feet are going to hurt when they get home),
The band, the flag, the band, the usual crowd,
Gppd-humored, watching, hot,
Silent a second as the flag goes by,
Kidding the local cop and eating popsicles,
Jack Brown and Rosie Shapiro and Dan Shay,
Paul Bunchick and the Greek who runs the Greek’s,
The black-eyed children out of Sicily,
The girls who giggle and the boys who push,
All of them there and all of them a nation.
And, afterwards,
There’ll be ice-cream and fireworks and a speech
By somebody the Honorable Who,
The lovers will pair off in the kind dark
And Tessie Jones, our honor-graduate,
Will read the declaration.
That’s how it is. It’s always been that way.
That’s our Fourth of July, through war and peace,
That’s our fourth of July.
And a lean farmer on a stony farm
Came home from mowing, buttoned up his shirt
And walked ten miles to town.
Musket in hand.
He didn’t know the sky was falling down
And, it may be, he didn’t know so much.
But people oughtn’t to be pushed around
By kings or any such.
A workman in the city dropped his tools.
An ordinary, small-town kind of man
Found himself standing in the April sun,
One of a ragged line
Against the skilled professionals of war,
The matchless infantry who could not fail,
Not for the profit, not to conquer worlds,
Not for the pomp or the heroic tale
But first, and principally, since he was sore.
They could do things in quite a lot of places.
They shouldn’t do them here, in Lexington.
He looked around and saw his neighbors’ faces…
An Angry Voice:
Disperse, ye villains! Why don’t you disperse?
A Calm Voice:
Stand your ground, men. don’t fire unless fired upon. but if they mean to have a war, let it begin here!
Narrator, Resuming:
Well, that was that. And later, when he died
Of fever or a bullet in the guts,
Bad generalship, starvation, dirty wounds
Or any one of all the thousand things
That kill a man in wars,
He didn’t die handsome but he did die free
And maybe that meant something. It could be.
Oh, it’s not pretty! Say it all you like!
It isn’t a bit pretty. Not one bit.
But that is how the liberty was won.
That paid for the firecrackers and the band.
A Young Voice Radical:
Well, what do you mean, you dope?
Don’t you know this is an imperialist, capitalist country, don’t you?
Don’t you know it’s all done with mirrors and the bosses get the gravy, don’t you?
Suppose some old guy with chin whiskers did get his pants shot off at a place called Lexington?
What does it mean to me?
An Older Voice, Conservative:
My dear fellow, I myself am a son of a son of a son of the American Revolution,
But I can only view the present situation with the gravest alarm,
Because we are rapidly drifting into a dictatorship
And it isn’t my kind of dictatorship, what’s more.
The Constitution is dead and labor doesn’t know its place,
And then there’s all that gold buried at Fort Knox
And the taxes — oh, oh, oh!
Why, what’s the use of a defense-contract if you can’t make money out of your country?
Things are bad — things are very bad.
Already my Aunt Emmeline has had to shoot her third footman.
(He broke his leg passing cocktails and it was really a kindness.)
And, if you let the working-classes buy coal, they’ll only fill bath-tubs with it,
Don’t you realize the gravity of the situation, don’t you?
Won’t you hide your head in a bucket and telegraph your cngressman, opposing everything possible, including peace and war?
A Totalitarian Voice, Persuasive:
My worthy American listeners,
I am giving you one more chance.
Don’t you know that we are completely invincible, don’t you?
Won’t you just admit that we are the wave of the future, won’t you?
You are a very nice, mongrel, disgusting people –
But, naturally, you need new leadership.
We can supply it. We’ve sent the same brand to fourteen nations.
It comes in the shape of a bomb and it beats as it sweeps as it cleans
For those of you who like Benito Mussolini, we can supply him
(He’s three doors down to the left, at the desk marked second Vice President).
Now be sensible — give up this corrupt and stupid nonsense of democracy.
And you can have the crumbs from our table and a trusty’s job in our world-jail.
Radical Voice:
Forget everything but the class-struggle. Forget democracy.
Conservative Voice:
Hate and distrust your own government. Whisper, hate and never look forward.
Look back wistfully to the good old, grand old days — the days when the
Boys said “The public be damned!” and got away with it. Democracy’s a nasty word, invented by the Reds.
Totalitarian Voice:
Just a little collaboration and you too can be part of the New Order.
You too can have fine new concentraion camps and shoes made out of wood pulp. You too can be as peaceful as Poland, as happy and gay as France. Just a little collaboration. We have so many things to give you.
We can give you your own Hess, your own Himmler, your own Goering — all home grown and wrapped in Cellophane. We;ve done it elsewhere. If you’ll help, we can do it here.
Radical Voice:
Democracy’s a fake –
Conservative:
Democracy’s a mistake –
Totalitarian:
Democracy is finished, We are the future.
(Music Up and Ominous)
We are close to totalitarianism.
THE POEM:
Narrator:
This is Independence Day,
Fourth of July, the day we mean to keep,
Whatever happens and whatever falls
Out of a sky grown strange;
This is firecracker day for sunburnt kids,
The day of the parade,
Slambanging down the street.
Listen to the parade!
There’s J. K. Burney’s float,
Red-white-and-blue crepe-paper on the wheels,
The Fire Department and the local Grange,
There are the pretty girls with their hair curled
Who represent the Thirteen Colonies,
The Spirit of East Greenwich, Betsy Ross,
Democracy, or just some pretty girls.
There are the veterans and the Legion Post
(Their feet are going to hurt when they get home),
The band, the flag, the band, the usual crowd,
Gppd-humored, watching, hot,
Silent a second as the flag goes by,
Kidding the local cop and eating popsicles,
Jack Brown and Rosie Shapiro and Dan Shay,
Paul Bunchick and the Greek who runs the Greek’s,
The black-eyed children out of Sicily,
The girls who giggle and the boys who push,
All of them there and all of them a nation.
And, afterwards,
There’ll be ice-cream and fireworks and a speech
By somebody the Honorable Who,
The lovers will pair off in the kind dark
And Tessie Jones, our honor-graduate,
Will read the declaration.
That’s how it is. It’s always been that way.
That’s our Fourth of July, through war and peace,
That’s our fourth of July.
And a lean farmer on a stony farm
Came home from mowing, buttoned up his shirt
And walked ten miles to town.
Musket in hand.
He didn’t know the sky was falling down
And, it may be, he didn’t know so much.
But people oughtn’t to be pushed around
By kings or any such.
A workman in the city dropped his tools.
An ordinary, small-town kind of man
Found himself standing in the April sun,
One of a ragged line
Against the skilled professionals of war,
The matchless infantry who could not fail,
Not for the profit, not to conquer worlds,
Not for the pomp or the heroic tale
But first, and principally, since he was sore.
They could do things in quite a lot of places.
They shouldn’t do them here, in Lexington.
He looked around and saw his neighbors’ faces…
An Angry Voice:
Disperse, ye villains! Why don’t you disperse?
A Calm Voice:
Stand your ground, men. don’t fire unless fired upon. but if they mean to have a war, let it begin here!
Narrator, Resuming:
Well, that was that. And later, when he died
Of fever or a bullet in the guts,
Bad generalship, starvation, dirty wounds
Or any one of all the thousand things
That kill a man in wars,
He didn’t die handsome but he did die free
And maybe that meant something. It could be.
Oh, it’s not pretty! Say it all you like!
It isn’t a bit pretty. Not one bit.
But that is how the liberty was won.
That paid for the firecrackers and the band.
A Young Voice Radical:
Well, what do you mean, you dope?
Don’t you know this is an imperialist, capitalist country, don’t you?
Don’t you know it’s all done with mirrors and the bosses get the gravy, don’t you?
Suppose some old guy with chin whiskers did get his pants shot off at a place called Lexington?
What does it mean to me?
An Older Voice, Conservative:
My dear fellow, I myself am a son of a son of a son of the American Revolution,
But I can only view the present situation with the gravest alarm,
Because we are rapidly drifting into a dictatorship
And it isn’t my kind of dictatorship, what’s more.
The Constitution is dead and labor doesn’t know its place,
And then there’s all that gold buried at Fort Knox
And the taxes — oh, oh, oh!
Why, what’s the use of a defense-contract if you can’t make money out of your country?
Things are bad — things are very bad.
Already my Aunt Emmeline has had to shoot her third footman.
(He broke his leg passing cocktails and it was really a kindness.)
And, if you let the working-classes buy coal, they’ll only fill bath-tubs with it,
Don’t you realize the gravity of the situation, don’t you?
Won’t you hide your head in a bucket and telegraph your cngressman, opposing everything possible, including peace and war?
A Totalitarian Voice, Persuasive:
My worthy American listeners,
I am giving you one more chance.
Don’t you know that we are completely invincible, don’t you?
Won’t you just admit that we are the wave of the future, won’t you?
You are a very nice, mongrel, disgusting people –
But, naturally, you need new leadership.
We can supply it. We’ve sent the same brand to fourteen nations.
It comes in the shape of a bomb and it beats as it sweeps as it cleans
For those of you who like Benito Mussolini, we can supply him
(He’s three doors down to the left, at the desk marked second Vice President).
Now be sensible — give up this corrupt and stupid nonsense of democracy.
And you can have the crumbs from our table and a trusty’s job in our world-jail.
Radical Voice:
Forget everything but the class-struggle. Forget democracy.
Conservative Voice:
Hate and distrust your own government. Whisper, hate and never look forward.
Look back wistfully to the good old, grand old days — the days when the
Boys said “The public be damned!” and got away with it. Democracy’s a nasty word, invented by the Reds.
Totalitarian Voice:
Just a little collaboration and you too can be part of the New Order.
You too can have fine new concentraion camps and shoes made out of wood pulp. You too can be as peaceful as Poland, as happy and gay as France. Just a little collaboration. We have so many things to give you.
We can give you your own Hess, your own Himmler, your own Goering — all home grown and wrapped in Cellophane. We;ve done it elsewhere. If you’ll help, we can do it here.
Radical Voice:
Democracy’s a fake –
Conservative:
Democracy’s a mistake –
Totalitarian:
Democracy is finished, We are the future.
(Music Up and Ominous)
The Tide
I watched this yesterday. I don't often watch In Touch on TV. But this impressed me very much. Dr Stanley has nailed a truth we don't often hear. There is a tide in this country and it must be turned. It is so worth your taking time to watch, I cannot encourage you more than I am. It's time to pray
www.intouch.org
Online home of In Touch Ministries and the ministry of Dr. Charles Stanley.
Early to bed, early to rise??
I actually concur with this article. Early to bed, early to rise, makes a man healthy wealthy and wise. Many people sleep away their lives and waste the time they are awake. Awake Awake oh Sleeper. Many poor people are because they don't get out of bed. I have relatives. You don't have to wake up at 5AM. BUT, if... you wake up after 9 every day, even after a late night, there's a problem. And if you sleep in till 11, thats a BIG problem.
www.thisislondon.co.uk
We are all morning or evening people. Scientists have established that our genes dictate around half of what they call our chronotypes our natural preference for certain times of the day.
Too many in the church are far too nice
aboutaburningfire.com
There is more to the gospel than just becoming a nice person, God has no other plan than to use the church to demonstrate his manifold wisdom on display to the kingdoms of this world.
Ghetto Parenting
I could NEVER say what Mary Mitchell said. But she's right. And this is not just a Black thing. This is in the white community too. I know a 14 year old girl near us who swears like a sailor. Where did she learn it? MOM. Ghetto Parenting
www.suntimes.com
Ghetto parenting dooms kids Deck stacked against those who were raised by the streets - CHICAGO SUN-TIMES
The bad news is the good news is wrong
This guy has a pretty good handle on the market and it isn't very pretty. Don't believe all the good news. The bad news is the good news is wrong. We are in for a very tough time.
market-ticker.denninger.net
How many times have you heard that: "Corporations are flush with cash; they have record amounts of free cash on their balance sheets"?
Sunday, July 04, 2010
The Declaration - We need to do this AGAIN
IN CONGRESS, JULY 4, 1776
The unanimous Declaration of the thirteen united States of America
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
He has refused for a long time, after such dissolutions, to cause others to be elected, whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice by refusing his Assent to Laws for establishing Judiciary Powers.
He has made Judges dependent on his Will alone for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
He has affected to render the Military independent of and superior to the Civil Power.
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For quartering large bodies of armed troops among us:
For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefit of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences:
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies
For taking away our Charters, abolishing our most valuable Laws and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.
We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these united Colonies are, and of Right ought to be Free and Independent States, that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. — And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.
— John Hancock
New Hampshire:
Josiah Bartlett, William Whipple, Matthew Thornton
Massachusetts:
John Hancock, Samuel Adams, John Adams, Robert Treat Paine, Elbridge Gerry
Rhode Island:
Stephen Hopkins, William Ellery
Connecticut:
Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott
New York:
William Floyd, Philip Livingston, Francis Lewis, Lewis Morris
New Jersey:
Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark
Pennsylvania:
Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton, George Clymer, James Smith, George Taylor, James Wilson, George Ross
Delaware:
Caesar Rodney, George Read, Thomas McKean
Maryland:
Samuel Chase, William Paca, Thomas Stone, Charles Carroll of Carrollton
Virginia:
George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton
North Carolina:
William Hooper, Joseph Hewes, John Penn
South Carolina:
Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr., Arthur Middleton
Georgia:
Button Gwinnett, Lyman Hall, George Walton
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