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Archive 2014

Friday, January 2, 2015
Dow starts 2015 witha gain of 10 points after being in the hole most of the day



   
Wednesday, December 31, 2014
Dow sheds 160 points on the year's last day, setting the Dow 's year end level at 17,823.07





                           A Trip Down Memory Lane


Tuesday, December 30, 2014
Dow gives back 55 points in a day of moderate losses on Wall Street


Monday, December 29, 2014
Dow slips 15 points, but the S&P 500 and Nasdaq inch ahead

Friday, December 26, 2014

Dow adds 24 points for a new record close with the S&P 500 in tow

Thursday, December 25, 2014


                                                Merry Christmas

Wednesday, December 24, 2014
Dow adds 6 points in the day's shortened trading for the 37th record close of the year

Tuesday, December 23, 2014
Dow adds 65 points, following a strong GDP report, for a new record close: 18,024

Monday, December 22, 2014
Dow adds 155 points as the Dow and S&P 500 move back into record territory with a fourth straight day of gains


Friday, December 19, 2014
Dow ends the volatile week with a 27 point gain on the day as the energy sector shows signs of stability

New York Times: President Obama vows the U.S. will respond to the North Korean cyberattack on Sony



New York Times: Speaker Boehner says that Obama's immigration action has damaged the Presidency


            Summary of Immigration and Nationality Act of 1952
            This legislation is the source of the Administration's
           authority to issue yesterday's Executive Order, since it
             empowers the Administration to grant work permits
                     to individuals who are in deferred status

Washington Post Fact Checker: President Obama's speech on illegal immigration

New York Times: Obama's immigration action has precedents, but it may forge new ground


Walter Dellinger: The underpinnings of Obama's immigration plan are not radical and are completely legitimate under the law


CNN Money: Five immigration myths debunked
  
Mail Online: We're not going to deport anchor baby parents, and that's amnesty for millions of people


In early trading on Wall Street, the market turned positive following the release of positive economic data

Video of President Obama's address on immigration

                     Only a propagandist would do the following:

        Build an argument upon an undefined "that": "You didn't build that."

       Build an argument upon an undefined "this": "On many occasions,              the President has said that he cannot do "this."

Recently, early in the day, Fox News and right-wing talk radio spent a good deal of time claiming that Obama has, in the past, repeatedly admitted -- on 25 occasions -- that he cannot issue today's executive order. At cue, dozens of excerpts were aired from past speeches of the President in which he stated that he cannot change the immigration laws. 

The effort by the right-wingers was aimed at establishing the notion that the President was either an idiot, a hypocrite or a liar.

However, these media failed to point out that the President -- in those past speeches -- was alluding to the fact that by executive order he could not permanently effect a change to an immigrant's status. He could not do "this" -- "this" being to make a permanent change.  

The President has never in the past stated that he was powerless to effect temporary changes in a population's status through executive orders based on prosecutorial discretion. And in keeping with reality, the duration of this evening's executive order is only to the end of President Obama's term in office. Obama's successor can rescind today's executive order with a stroke of the Presidential pen on January 20, 2017.
  
Every propagandist relies on this observation regarding human beings:
   There is no one more blind than the person who does not want to see™ 

USA Today: Oklahoma Senator Tom Coburn warns of civil disobedience in the event of an executive order on immigration

Capital Report: Here is what President Obama will not tell you about the economics of immigration

                             
                                          Tuskegee Airmen
                              Members of the 332nd Fighter Group
               
Black men fought hard against the Germans in World War II,
                so Truman thought segregation in the military should end. 
             However, Congress was in no hurry to end segregation, forcing
                            Truman to act by Presidential Executive Order
                                               
                                                "Red Tails"

Amidst all the right-wing uproar concerning the possibility that President Obama will issue an executive order modifying the treatment of illegal aliens -- let us not forget Executive Order 9981, which was issued by President Truman on July 26, 1948. Executive Order 9981 ended segregation in the U.S. military; President Truman acted because Congress refused to make any such change.

   Presidents act because Congress refuses to act.  Does that sound familiar?

              
Summary of the principles behind executive orders


    


New York Times: The GOP promises to swiftly counter Obama's moves on immigration

Fox News Politics: Obama to announce executive action on immigration


Congressman Mo Brooks of Alabama forecasts that President Obama's executive action could result in impeachment and prison time


Daily Caller: The number of foreigners made legal this evening will exceed the number of new jobs created in America since 2009

CNN Politics: The legal battle over Obama's immigration plan

Broadcast networks opt out of coverage of this evening's Presidential address -- except for Univision

Sean Hannity: Emperor Obama

Rush Limbaugh: Don't be fooled -- Obama thinks he's an Emperor


Thursday, December 18, 2014
A huge day on Wall Street: Dow soars 421 points on the wings of euphoria following the Fed's assurances about interest rates

Wednesday, December 17, 2014
Dow soars 288 points following the release of the Fed's projection on interest rates


New York Times: President Obama announces the United States and Cuba will establish diplomatic relations


Tuesday, December 16, 2014
Dow loses 112 points in a day of roller coaster trading that was led downwards by technology and consumer discretionary companies


Monday, December 15, 2014
Dow slips 100 points as the influence of falling oil prices and quadruple-witching creates a volatile trading session



                      Artist conception of a 2016 Chinese solar-powered community

    
This artist conception looks like a page taken from science fiction 


 Why did Solyndra go bankrupt?

Solyndra failed because China developed a superior solar panel technology in a government-subsidized development program at the cost of over $30 billion dollars

It is ironic that the collapse of Solyndra is being touted by critics of the Obama Administration as evidence that the U.S. government should not subsidize private enterprise, since governmental green energy subsidies lead to nothing but failure, according to the right wingers.    The proponents of the right-wing theory purposefully overlook the fact that it was a government-sponsored development program that catapulted China's success in the solar technology field


                         So, let me make sure I've got this right --

While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems from Islamic radicals -- used $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. And China was able to develop this technology because of research grants to its private industry from the Beijing government. Gee, that sounds kind of cool. Maybe the United States should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs

Many people are unaware of the fact that China has had the world's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes. Most people are also unaware that during the Great Depression of the 1930s, China was the only major economy in the world that did not slip into depression, a fact that is a testament to the conclusion that China's theories on economic and financial policy are something that the West should seek to emulate


Friday, December 12, 2014
Dow plunges 318 points as the falling price of oil affects equity markets around the globe


Thursday, December 11, 2014
Dow adds 63 points thanks to strong economic reports, but oil continues its downward slide


New York Times: CIA Director Brennan defends the agency's past interrogation practices


Wednesday, December 10, 2014
Dow plunges 268 points under the weight of falling oil prices and the specter of a global slowdown


Washington Post: A summary of the $1.1 trillion 2015 spending bill

Tuesday, December 9, 2014
Dow closes with a loss of 51 points, but it could have been much worse


New York Times: The Senate report on torture faults the CIA for its interrogation program


Fox News: Jonathan Gruber apologizes for mean and insulting ObamaCare comments


Monday, December 8, 2014
Dow gives back 106 points, and the S&P 500 has its biggest loss in seven weeks



                 
                    What happened to all that talk about 
                     the Fast and Furious gun-running situation?
 
It's still around; mostly on right wing talk radio where people manage to deftly ignore the fact that the entire GOP herd is standing in a tar pit regarding this controversy. 

Someone on the side of the Democrats should yell: "The whole herd is in the anti-gun control tar pit!! It's Checkmate!!" 
The truth about Fast and Furious is a far different story than the PROPAGANDA tale told for so long by Republicans such as Congressman Darrell Issa 

The reason why reality dictates that the GOP has placed itself into a tar pit requires a sentence or two in order to explain. 

The critics of Fast and Furious have insisted that allowing guns to flow into the hands of Mexican criminals was, to put it mildly, unacceptable. Their criticism was directed at the Justice Department for allowing this outcome to occur. However, the reality is Arizona gun laws compelled the ridiculous outcome, and the hands of the Justice Department and ATF agents were tied by Arizona's statutes. 

The problem is not the Justice Department; the problem is the gun law regimen in Arizona. 

Thus the tar pit: Is the GOP now going to demand changes in the Arizona gun laws, since they were so critical of the outcome when those laws were applied. 

Albeit that criticism was when those leaders thought the outcome was a Holder Justice Department folly?
 
As party leaders ponder that point while stuck in the tar, Rep. Issa is not to be deterred in his quest to not know the truth



Friday, December 5, 2014
Dow adds 59 points, after flirting with 18,000 intraday, and achieves a new record close, along with a record close on the S&P 500

Labor Department: The U.S.economy generated 321,000 new jobs in November, marking the strongest growth since January, 2012


The ICE U.S. Dollar Index rose to its highest level since April, 2006

Crude oil falls to a five-year low under the pressure of a strong dollar and OPEC's refusal to cut production

Thursday, December 4, 2014
Dow slips 13 points in a cautious day of trading ahead of tomorrow's report on U.S. job growth

Wednesday, December 3, 2014
Dow adds 33 points, and marches on to a new record close, with the S&P 500 in tow 

Collateral damage: The fall in oil prices is negatively impacting the value of banks centered in Texas

A replay of history: Like so many countries in the past, the Russians are blaming the country's central bank for its failure to prevent the fall of the ruble

Tuesday, December 2, 2014
Tim Mullaney: OPEC is wrong to think it can kill the U.S. shale oil industry by depressing the price of a barrel of oil


Tom Bemis: Many of the globe's oil-producing countries face potential instability due to the low price of crude

Matt Egan: The U.S. economy may have reached critical mass



                               "Devotion"

                               "Keep Your Head To The Sky"


Monday, December 1, 2014
Dow loses 51 points, and the Dow is joined in the losing category by the Nasdaq and the S&P 500

CNSNews.com: Yes, the United States has a lot of debt, and CNSNews wants to make sure you are aware of that fact



             
Antonie van Leeuwenhoek -- Without him, your life -- anyone's life -- may have never come into existence in the first place


Sunday, November 30, 2014


               Senator Ted Cruz -- Another Jackass of the Debate
                    Dedicated to his plan of confusing the issues
                           and misleading the American public


Saturday, November 29, 2014
The Russian ruble has hit fresh lows against the dollar in the aftermath of the OPEC decision


Matt Egan: OPEC's message to the up-until-now booming U.S. shale oil industry is emphatic: Drop dead!


The Guardian: Ebola cases in West Africa now exceed 16,000, with the disease spreading fastest in Sierra Leone.  Notice this: All the U.S. concern regarding this disease ended promptly on Election Day


New York Times: A panel of Egyptian judges has dropped all the remaining charges against Hosni Mubarak



                                     Was Sofia Vergara just lucky? 
           How does a person become a star in the entertainment industry?
 
 Answer: One must first try to become a success in the entertainment industry




 

Friday, November 28, 2014
Dow climbs less than 1 point, but it's good enough for a new record

OPEC maintained its production target unchanged at yesterday's meeting. The price of a barrel of oil plunged below $68

Outside the Box: Americans, let's be thankful that U.S. oil production is pulverizing OPEC

Steve Goldstein: Here is what we know about the U.S. economy after the recent deluge of financial data
           
                                         112: "Sweet Love"

Thursday, November 27, 2014

                          Happy Thanksgiving


                           "The Star Spangled Banner"

Wednesday, November 26, 2014
Dow adds 13 points as a new closing record is set, with the S&P 500 also at a closing record


European Central Bank Vice President Vitor Constancio: The ECB could start full-blown quantitative easing during early 2015

Jim O'Neill: Quantitative easing by the ECB will pit the euro against the yen in an intentional downward spiral



Conrad de Aenlle: The extent of bearish sentiment concerning gold is viewed by some as a glimmer of hope
Translation: Things look so bad that it's starting to look good. This is a Jedi mind trick.


                   Rush Limbaugh -- Another Jackass of the Debate
Rush Limbaugh is fully invested in the right-wing effort to convince America that President Obama's executive order regarding immigration is a violation of the President's powers under the Constitution -- a meme of the Imperial Presidency.

Limbaugh's methodology: Obfuscation. Cleaver use of the pronoun "this". (The "this" argument is fully explained in this blog in the text of November 20, 2014.) Careful screening of phone calls and guests to avoid the entry of cogent, real information and arguments into the "debate of ideas" on his program.


Tuesday, November 25, 2014
Dow slips 3 points as stocks react to anxiety over the oil market

Steven Mufson: This Thursday's OPEC meeting is the most important in years and will probably be the most contentious


The U.S. economy is growing at its best six-month pace since 2003

Conference Board: The level of consumer confidence fell to 88.7 in November


Jeffry Bartash: The U.S. economy is on course for steady growth

Michael Ashbaugh: The bull market has reached uncharted territory

How has the Wall Street market done under the 2,000 days of the Obama Administration?  Apparently, in 2017, former President Obama should launch a hedge fund


Russia is losing $140 billion annually because of the sanctions imposed internationally and lower oil prices


Monday, November 24, 2014
Dow adds a meager 8 points, but the day's trading is good enough for new record highs on the Dow and the S&P 500


Market Watch: Analysts say that China is likely to further ease interest rates in the near future

All eyes on oil: What will OPEC do this week?

Outside the Box: The Fed has boxed the United States into a tough easy-money corner


John Schoen: The U.S. cannot dodge the global slowdown forever


Prosecutor McCulloch in Ferguson, Missouri announces that the grand jury has not indicted Officer Darren Wilson for any crime


Sunday, November 23, 2014
Things crazy people say -- Jerusalem Post: Cornered but unbound by nuclear pact, Israel reconsiders military action against Iran


Department of Justice, Office of Legal Counsel: Memorandum of law supporting the legality of the President's executive order with respect to the prioritization of deportation efforts

Ruth Marcus: The release of the legal memorandum by the Office of Legal Counsel on the subject of President Obama's action on immigration is a boon to transparency

Fox News: Democrats and the GOP spar over the legality of the President's executive action



                                                         Jackass of the Debate
                                             Propaganda Boy
                                           Irresponsible Child

                      
                 Sean Hannity wins the Jackass title in his street shoes
                        because he is actively working to hide the truth


I have oftentimes marveled at how unprepared on the subject matter many of the liberal guests are on Sean Hannity's radio show. However, on rare occasions a person will appear who has actually done his homework and is ready to speak on the issues at hand.

On November 21, 2014, Austan Goolsbee broke the mold and arrived at the microphone prepared to explain the legal basis of President Obama's actions on illegal immigration, citing the Immigration and Nationality Act of 1952. Hannity pretended that his guest was hard-headed and ignorant; Hannity deftly avoided even saying the name of the applicable statute.

Later, the recap of Goosbee's interview on Hannity's website completely omitted the statutory reference.

Sean Hannity will bend over backwards in order to avoid making the truth known to his radio audience. Instead of the truth, Hannity is pushing a meme which alleges an Imperial Presidency where Barack Obama is acting as a lawless dictator.

            Hannity is a propagandist -- a very popular Propaganda Boy

Saturday, November 22, 2014
China and Europe chase growth amid an apparent global slowdown


Retailers are not optimistic about holiday shopping

Betsy Woodruff: Voices are growing on the right for a showdown over immigration

Betsy Woodruff: How conservatives could make Loretta Lynch's confirmation hearing a battle over immigration and executive action


Friday, November 21, 2014
Dow adds 91 points as the broad market rally completes a fifth week

Wall Street races to new records in early trading following positive developments in Europe and China

New York Times: Speaker Boehner says that Obama's immigration action has damaged the Presidency


            Summary of Immigration and Nationality Act of 1952
            This legislation is the source of the Administration's
           authority to issue yesterday's Executive Order, since it
             empowers the Administration to grant work permits
                     to individuals who are in deferred status

Washington Post Fact Checker: President Obama's speech on illegal immigration

New York Times: Obama's immigration action has precedents, but it may forge new ground


Walter Dellinger: The underpinnings of Obama's immigration plan are not radical and are completely legitimate under the law


CNN Money: Five immigration myths debunked

                        
                                  A Trip Down Memory Lane


 
Mail Online: We're not going to deport anchor baby parents, and that's amnesty for millions of people


Dow adds 33 points and logs its 27th record close of 2014

In early trading on Wall Street, the market turned positive following the release of positive economic data

Video of President Obama's address on immigration

                     Only a propagandist would do the following:

        Build an argument upon an undefined "that": "You didn't build that."

       Build an argument upon an undefined "this": "On many occasions,           
                        the President has said that he cannot do "this."

Early in the day, Fox News and right-wing talk radio spent a good deal of time claiming that Obama has, in the past, repeatedly admitted -- on 25 occasions -- that he cannot issue today's executive order. At cue, dozens of excerpts were aired from past speeches of the President in which he stated that he cannot change the immigration laws.

The effort by the right-wingers was aimed at establishing the notion that the President was either an idiot, a hypocrite or a liar.

However, these media failed to point out that the President -- in those past speeches -- was alluding to the fact that by executive order he could not permanently effect a change to an immigrant's status. He could not do "this" -- "this" being to make a permanent change. 

The President has never in the past stated that he was powerless to effect temporary changes in a population's status through executive orders based on prosecutorial discretion. And in keeping with reality, the duration of this evening's executive order is only to the end of President Obama's term in office. Obama's successor can rescind today's executive order with a stroke of the Presidential pen on January 20, 2017.
 
 Every propagandist relies on this simple observation regarding human beings:
      There is no one more blind than the person who does not want to see™

USA Today: Oklahoma Senator Tom Coburn warns of civil disobedience in the event of an executive order on immigration

Capital Report: Here is what President Obama will not tell you about the economics of immigration

                            
                                          Tuskegee Airmen
                              Members of the 332nd Fighter Group
              
Black men fought hard against the Germans in World War II,
                so Truman thought segregation in the military should end.
             However, Congress was in no hurry to end segregation, forcing
                            Truman to act by Presidential Executive Order
                                              
                                                "Red Tails"

Amidst all the right-wing uproar concerning the possibility that President Obama will issue an executive order modifying the treatment of illegal aliens -- let us not forget Executive Order 9981, which was issued by President Truman on July 26, 1948. Executive Order 9981 ended segregation in the U.S. military; President Truman acted because Congress refused to make any such change.

   Presidents act because Congress refuses to act.  Does that sound familiar?

             
Summary of the principles behind executive orders


   


New York Times: The GOP promises to swiftly counter Obama's moves on immigration

Fox News Politics: Obama to announce executive action on immigration


Congressman Mo Brooks of Alabama forecasts that President Obama's executive action could result in impeachment and prison time


Daily Caller: The number of foreigners made legal this evening will exceed the number of new jobs created in America since 2009

CNN Politics: The legal battle over Obama's immigration plan

Broadcast networks opt out of coverage of this evening's Presidential address -- except for Univision

Sean Hannity: Emperor Obama

Rush Limbaugh: Don't be fooled -- Obama thinks he's an Emperor



                 Who will be crowned "Jackass of the Debate"?

Wednesday, November 19, 2014
All three major averages slip on the day's trading, but the Dow's loss is only 2 points


The Bank of Japan has remained consistent with its upbeat view of the nation's economy despite recession

             Patrick J. Buchanan: Is Red State America seceding?


                                                                    Ukraine
                               Is the solution just this simple?

Is this the solution to the Ukraine crisis?  Let the people in each region vote on their future, or, at least, take a national vote in the very near future on the issue of continuing as a unified and independent Ukraine.  Vote before a full-blown civil war erupts.

The answer would be  -- Democracy.   What a novel thought.


It will be important that the elections are free and fair; all the parties must agree to refrain from any form of voter intimidation. Plus, all the parties must agree to respect the outcome of the vote. That's it -- the vote decides: The conflict is resolved. Everybody go home. There's nothing more to see

Margot Sanger-Katz: How much did health insurance rates go up? It's complicated
          

Karma Allen: The Senate has defeated the Keystone XL pipeline after its supporters failed to garner the 60 votes needed


          Summary of issues concerning the Keystone XL pipeline

 
Tuesday, November 18, 2014
Dow adds 40 points and a new record by the close on Wall Street

Michael Ashbaugh: Strong bull market trend reaches a critical technical test

    
All Americans should realize the three facts that most Russians already realize: First, Vladimir Putin has lost forever most of Ukraine to the West. Second, Russia's current fomenting of unrest in the east and south of Ukraine are only acts of futility and weakness, as well as a callous disregard for human life and the welfare of Ukraine. Third, the Western powers also have a callous disregard for human life and the welfare of Ukraine. That is how modern day civil wars happen 

                                       
It's time to get real

                        
                                  Summary of the history of Ukraine

Christian Science Monitor: Could Estonia be the next target of Russian annexation  The better question would be: Could a part of Estonia  -- such as Ida-Viru County -- on its own accord ask for annexation by Russia?

   This is how a $4,000,000,000,000 second Cold War begins
U.S. Air Force General Phillip Breedlove stated earlier this year: NATO must now consider stationing troops permanently in eastern Europe because of Russian actions regarding Ukraine   Just because he's a general, that does not mean he has any true wisdom. Trust me, I was in the Air Force for four years, I can testify with firsthand experience about how dumb and lazy generals can be and still be a general in the U.S. Air Force.  Scroll over and take a look at the commentary concerning the Air Force's War on Drugs during the 1970s, which is described in the text in this blog under the button "Heroin: A True Story", located near the top of this the Home page, on the left-hand side.



         Another perfect day in the Paradise of San Diego
             
East Coast: Eat your heart out in the snow


Monday, November 17, 2014
Dow adds 13 points on the day, and the S&P 500 attains its 42 record close this year


Avi Gilburt: Are we finally at a turning point for the S&P 500?

                            What are the issues surrounding
                                the concept of net neutrality?


State Council of China: China will cut its business registration fees by 40 billion yuan annually in order to stimulate growth

U.S. Navy deploys its first laser beam weapon to the Persian Gulf


                                  Egyptian singer Amr Diab
                                             "Osad Einy"

Sunday, November 16, 2014
Andrew McNair: Three reasons to ditch your IRA -- not includig the fact that your IRA is almost empty already


Les Christie: Homes are getting to be more difficult to afford

John Fahey: Can low oil prices be good for the environment?


              
                                Force MD: "Here I Go Again"
                     

                        Marsha Ambrosia: "Right Now With You"

                            Celine Dion and Ne-Yo: "Incredible"

Saturday, November 15, 2014
Market Watch Bond Report: Treasury prices rebound as inflation expectations slacken among average Americans

Elizabeth O"Brien: What the Boomer Generation should know about ObamaCare


CNN Money: ObamaCare 2.0 kicks off its second enrollment season with only a few hitches


                        

        Tommy James and the Shondells: "Crystal Blue Persuasion"


Friday, November 14, 2014
Dow sheds 18 points and Carl Ichan loses $40 million in Hertz stock

ew York Times: President Obama has reaffirmed America's support for Myanmar's democracy leader


Associated Press: According to sources, ISIS and Al Qaeda have reached a non-aggression pact in Syria



Wall Street Journal: Germany dodges recession in the third quarter

International Energy Agency: The price of oil may continue to fall unless some country cuts output


The United States is pumping oil at the highest levels since the 1980s


Shawn Langlois: The looming $40 per barrel cost for precious oil


                           

                     Melvin Manhoef -- Champion of the Mixed Martial Arts
                                               "No Mercy Manhoef"



                                       Melvin Manhoef and Walter Lewis

                     24 Hour Fitness, Balboa Avenue, San Diego, California
                                         November 14, 2014 at 1:15 AM
        Getting ready for Saturday's big Bellator's middleweight division fight



                                        Andy Lau: " You Are My Woman"
 Even if you can't speak Mandarin, you can tell that this is a beautiful love song

                                     
Thursday, November 13, 2014
Dow advances 41 points for its 25th record close of the year


Grace Zhu: China's industrial output unexpectedly dropped in October and retail sales grew at a less robust pace than expected, according to the National Bureau of Statistics

Jack Chang: China will have to change its economy in order to reach its climate targets


Many people are unaware of the fact that China has had the world's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes. Most people are also unaware that during the Great Depression of the 1930s, China was the only major economy in the world that did not slip into depression, a fact that is a testament to the conclusion that China's theories on economic and financial policy are something that the West should seek to emulate

Anora Mahmudova: Five red flags that potentially have been raised by the U. S. stock market's record upward run
  
Jack Ma, the founder of Alibaba and China's richest man, says that being rich is a great pain


                     What was quantitative easing all about?
    
               

                     In order to get a good report card
                   this is how Obama must start his day

                     
"What Does It Take To Win Your Love?"
  How about a new record close on the Nasdaq?  Not much to ask for

Kaiser Health News: ObamaCare 2.0 -- What you need to know in 2014 in order to best meet the needs of your family

                            
                                          Tuskegee Airmen
                              Members of the 332nd Fighter Group
              
Black men fought hard against the Germans in World War II,
                so Truman thought segregation in the military should end.
             However, Congress was in no hurry to end segregation, forcing
                            Truman to act by Presidential Executive Order
                                              
                                                  "Red Tails"

Amidst all the right-wing uproar concerning the possibility that President Obama will issue an executive order modifying the treatment of illegal aliens -- let us not forget Executive Order 9981, which was issued by President Truman on July 26, 1948. Executive Order 9981 ended segregation in the U.S. military; President Truman acted because Congress refused to make any such change.

   Presidents act because Congress refuses to act.  Does that sound familiar?

Wednesday, November 12, 2014

Dow slips 3 points and halts its five-day upward surge


   New York Times: A deal has been reached between the United States and China regarding carbon emissions

The Tell: Do not get suckered by the stock market's winning streak

Market Watch: A bearish megaphone pattern potentially signals a market sell-off


CNN Money: Gas at $3.00 a gallon cannot last according to the International Energy Agency




                  Sometimes even a blind squirrel finds some nuts

Rush Limbaugh: MIT Professor Jonathan Gruber, one of the architects of ObamaCare, has stunningly admitted that the Obama Administration lied to the American people. And the damaging admissions do not even make the news in the mainstream media

411 for the Obama Administration: Now is the time for the truth, the whole truth and nothing but the truth about the information concerning Professor Gruber. Equivocation could make things worse

                 There is no situation so bad that it can't get worse®

Tuesday, November 11, 2014

                                Veterans Day

Dow adds just 1 point, but that was enough for a new closing record

Ivanna Kottasova and Alanna Petroff: Five reasons Russia may face worse times as the ruble tumbles downwards


Cody Willard: Four potential near-term catalysts for the next stock market crash

The Chinese have spent billions of dollars today  -- Singles Day -- on the world's biggest online shopping day -- Alibaba's equivalent of America's Black Friday


           
Denzel Washington's depiction of Harlem heroin kingpin Frank Lucas in "American Gangster" was a box office sensation.

               
This link is to a second trailer for the movie.

                                Here is a third movie trailer.

             This link is to a lengthy documentary on Frank Lucas.

The documentary gives more details of Lucas' drug ring that annually smuggled 2,200 pounds of pure heroin into the United States using military aircraft and military bases.

However, the true story leaves Hollywood far behind. For one thing, "American Gangster" gives the impression that with Lucas' arrest, the trafficking of heroin into the United States by the use of military transport aircraft ended. In fact, the trafficking continued unabated. I know this first-hand, because in the 1970s I was a foot soldier in America's so-called War on Drugs at Norton Air Force Base in San Bernardino, Californa. This turned out to be an extremely dangerous way to spend one's time in the military -- I would have been a lot safer if I was stationed in the jungles of Vietnam, because at least then the Air Force would have believed there actually was an enemy out there when I busted the Norton Air Force Base smuggling operation in January, 1976.

The drug cartel tried to kill me on two occasions in 1977, and they almost succeeded in permanently shutting my mouth on a third occasion in 1977 when they were actually trying to murder my wife by draining all the brake fluid from her car. Since my wife and I were in the middle of a fiery divorce at the time, if she had crashed the car, I would have been the prime suspect as the cause of her accident. Fortunately for me, as a one in a thousand chance, I drove her car for the first time in eleven months, and I was lucky enough to survive the total brake failure three minutes later out on a crowded expressway. Actually, I survived because of a miracle -- a miracle as defined by the Catholic Church -- an event that totally defied the laws of physics -- specifically, the rule of physical law that is referred to as Newton's First Law of Motion.

One of the people with whom I worked in 1976 on a heroin smuggling case at Norton stated to me that the traffickers would kill both of us before they would let the story of this crime reach the public's attention. Sadly, he was half right; he was the victim of homicide outside St Louis in 1992, during a period of time when he was once again trying to help me get to the bottom of the Norton story. A few weeks earlier, on March 11, 1992, another man whom I was trying to reach for information regarding the situation at Norton was shot dead in New York City by a hitman contracted by a Colombian drug cartel. He was murdered on the very day I was scheduled to contact him. I can only infer from these two homicides that the Norton traffickers were potentially still active as recently as 1992, trying to cover the trail of their hideous crimes.

Jonathan Kwitny, a 16-year veteran reporter for the Wall Street Journal, wrote in his book "The Crimes of Patriots - A True Tale of Dope, Dirty Money, and the Central Intelligence Agency", that the shipments through Norton Air Force Base were orchestrated by senior U.S. officers, and the quantity of heroin trafficked on a regular basis was up to 50 pounds per shipment; plus, the heroin being smuggled through Norton was 100% pure China White - reputedly the most powerful heroin on the planet.

As a point of reference, the quantity of heroin involved in the famous 1971 "French Connection" film was the one-time shipment to New York City of 132 pounds of diluted heroin that was only 87% pure; nevertheless, the French Connection heroin was valued at $32 million on the streets of America

                                                                 PART ONE

       Norton Air Force Base, located in San Bernardino, California
I have been asked the question: A cartel tried to kill you twice in 1977 and you survived. How did you manage to do that?   

            I can answer that question in a single word: Paranoia

When I reported to the Air Force Inspector General in 1976 that heroin was being smuggled into the United States through Norton air base, I was literally laughed out of  Brigadier General Thomas E. Clifford's office. I was taken for a nutty fool who watched too much television. General Clifford replied that he was so sure no such thing could be happening at Norton that he would not even initiate a formal investigation. Instead, General Clifford told at least one of the people whom I suspected was a member of the smuggling ring that I was on to them and had filed charges.

General Clifford was either a complete jackass or he was corrupt and on the  money take. However, Clifford went on to become a two-star general in the Air Force with a prestigious career, complete with assignments at the Pentagon in Washington.

I know that the smugglers knew that I had reported them because one of my suspects pulled me aside in February, 1976 and told me that he knew I had gone to the Inspector General, and if I did that again people were going to suspect that I was mentally ill for thinking such criminal activity was going on at Norton.

I realized that I was in great danger since the cartel knew that I had reported them, so I was always vigilant of my surroundings. Frankly, I expected there would be an assassination attempt at some point. If anything, I was surprised that it took so long -- not until August, 1977.

Late one night in August, 1977, I was speeding home from a date at 4:00 AM -- down one of the many deserted roads near Norton air base. When I was about a mile or two from my home on the base, all of a sudden I realized that there was a person lying on his back in the middle of the road. I slammed on the brakes in a panic. Since I was going very fast my car's wheels screeched, and I just barely avoided hitting the person as my Nissan 280Z sports car skidded to a stop. In fact, I came so close to literally running over the person that at the last second he -- it was a man -- jumped to his feet.

I stopped ten feet from the person; I was angry -- he had almost ruined my perfect no accidents record. I lowered the driver's window and yelled; "What's wrong with you, fool? I almost killed you." The man responded: "Please help. There is a hurt woman over there!" as he pointed off to the side of the road. In the near pitch-black darkness I could barely make out that there was another person, apparently a woman, lying face down on the passenger side of the road, maybe 20 feet away. Plus, there was a person kneeling next to her -- bending over her.

A moment later another man stepped out of the darkness on the opposite side of the street. He was a big man; he could have played linebacker for the Pittsburgh Steelers. The linebacker-guy started yelling: "Please, sir, there is a hurt woman over there! Please get out of the car and help us!"

       My only thought was: "Hell, no. What in the goddamn hell is this?"

                                                 Mr. Asia
I did not know at that time, but what was happening to me on that deserted road in 1977 was a Mr. Asia abduction. In the 1970s --  and maybe later --, there existed an organization or an individual that became known as Mr. Asia. To this day, the Drug Enforcement Administration still does not know whether Mr. Asia was in fact a single person  -- possibly a man named Terrence J. Clark -- or the name of a drug cartel. If Mr. Asia, was actually the name of a cartel, it was/is the most successful drug cartel in the history of man. Mr. Asia, if it was/is in fact a cartel, as far as is known by reputable experts, has never been busted by any police agency in the world, probably because its net worth was/is almost undoubtedly in the billions of dollars. From time-to-time, allegations surface in the media that a drug cartel named Mr. Asia is still in existence in the World.

Mr. Asia definitely has a terrible reputation, but it has always tried to keep a very low profile. Unlike the Mafia, generally, Mr. Asia does not murder the people with whom it has a quarrel in plain view of the media and passerbys. Instead, Mr. Asia's specialty was this: If Mr. Asia did not like you, then you would be abducted, murdered and simply disappear off the face of the Earth, never to be seen again.

                             Back to the deserted road in 1977
Paranoia told me: "Walter, there is no way in the World that you are getting out of this car."  The man who had approached from the driver's side of the road and the fool who had lay in the middle of the road, were now both standing in front of my car. I turned my headlights to high beam, so I could see their faces clearly. The two men started walking slowly towards my car, while still positioning themselves directly in front of the car; they were maybe eight feet in front of my car, and they were moving closer. I did not want them any closer, so I threw the gear shift into reverse and shot backwards ten feet. As I backed up, my car's back-up lights came on, and I glanced in the rear view mirror. Thank God!  In my rear view mirror were the images of four men, twenty feet away, crouched over and running towards the back of the car.

I yelled out: "Get out of the way!" to the two fools standing in front of me. My foot was on the clutch; I hit the gas and ran the engine up to around 6,000 RPM for about 1.5 seconds, and then I popped the clutch.

The Nissan 280Z paid for itself that evening; in the next five seconds that sports car roared to 60 MPH on my way to 85 MPH and safety.

When I popped the clutch, I fully expected to kill the two men who were standing in the road. But in fact, they both managed to get out of the way. In a flash, the fool who had lay in the road did a full backward somersault in his successful effort to avoid death by speeding car. He apparently had remarkable athleticism; I did not see how the football player cheated death. Even though I am an accomplished black belt in Korean karate, Tae Kwon Do, I am forever grateful that I did not have to deal in hand-to-hand combat with a man who could do a backward somersault from a position of standing still.

I was not that far from the rear gate of Norton. There was always an armed guard at the gate. I was glad to see him. I pulled up to the guard and breathlessly said: "I'm Captain Lewis from the JAG office. There are a bunch of men, maybe eight, about a mile back down the road to the base. I think they're up to no good -- maybe carjacking or assault -- you should send a couple of squad cars down to check it out. Exercise extreme caution, they're probably armed!" The guard had a shocked expression on his face; he then saluted and said he would get on it immediately.

I then drove a few blocks to my home and went to bed. It was very late at night -- I was asleep within minutes. This event happened on a Saturday night/Sunday morning.

When I got to the office on Monday, I went straight to pick up the police blotter, which was a chronology of all the significant events that happened on the base over the weekend.  I expected to see a report of the incident that I had related to the gate guard, but there was no report in the blotter. Not a single word. Apparently, nothing happened that Sunday morning on the deserted road near Norton. Absolutely, nothing at all.


                                      I may be the only person in the World
                              who has ever survived a Mr. Asia abduction


 The Norton story will be continued in the near future with PART TWO

Monday, November 10, 2014
Dow adds 40 points, and both the Dow and the S&P 500 close at new all-time records

This week's release of retailers' earnings reports will be a test of the legitimacy of recent consumer sentiment highs

Mark Thompson: You may never have to rescue a bank again, that is if regulators get their way

Scott Bishop of STA Wealth Management: Are you prepared if the market tanks during the fourth quarter of 2014?


Eric Rosenbaum: Do you fear a bubble?  Here are five typical -- and bad -- investing mistakes


Gold will tell us when the stock market is heading lower next, maybe

MSN Money: Stocks have a lot to prove in the week ahead, with the Dow and S&P 500 at new highs last Friday
 
Alex Rosenberg: Forget stocks. Commodities -- oil and gold -- are where the real action is located in today's environment


                                
                          An example of right-wing propaganda

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union. 

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim.

The example of right-wing propaganda that is related above is heard less often now on talk radio than it was a few years ago, because now most of the current myths being echoed about the President concern the disinformation campaign surrounding ObamaCare and the fictitious meme that the President is just running out the clock on his second term by playing golf all the time. Or in the alternative, a segment of the right-wingers claim that Barack Obama is trying to gut the Constitution with a malicious series of executive orders that will establish an Imperial Presidency and destroy America.  Or in the alternative,  some critics say that President Obama is a lousy leader, who cannot work with anyone, and he ought to just quit and go back to being a community organizer in Chicago.

If you are upset about President Obama's golf games, then you should ask yourself: What would Reagan do?

 

The Weekly Standard: The President and VP Biden may differ on immigration strategy

Edward Luce: China is no refuge from Obama's woes, since Beijing sees him as a weak, lame duck leader


                               



                    Here are some of my favorite songs
 
                                        GQ: "I Do Love You"

                                Peabo Bryson: "Feel The Fire"
               
                            Earth Wind and Fire: "Imagination"

                        Earth, Wind and Fire: "Be Ever Wonderful"

                                 Earth, Wind and Fire: "Reasons"

                                      Daniel Santacruz: "Lento"

                                  Andy Lau: "You Are My Woman"

                            Usher: "Making Love Into The Night"

                             Nancy Wilson: "All Is Fair In Love"


                           Andrea Bocelli: "L'Ultimo Re

                                   Andrea Bocelli: "Resta Qui"
          
                             Stevie Wonder: "All Is Fair In Love"

                             Whitney Houston: "I Have Nothing"

                               Whitney Houston: "Run To You"

                               Whitney Houston: "All At Once"

                  Whitney Houston: "Didn't We Almost Have It All"

                        Kelly Clarkson: "Before Your Love"

                            Kelly Clarkson: "A Moment Like This"

                                 Ciara: "Body Party"

                          The Magnificent Men: "Peace Of Mind"

                                  The Magnificent Men: "Misty"
 
                                            Cameo: "Sparkle"
 
                        Minnie Riperton: "Alone In Brewster Bay"

                                  The Commodores: "Sail On"

                    The Commodores: "Easy, Like Sunday Morning"

              Patti LaBelle and Michael McDonald: "On My Own"

     Patti Labelle: "You Turn Me On -- I Come Like The Pouring Rain

                            Jennifer Hudson: "The Circle Of Life"

                        Jennifer Hudson: "I Will Always Love You"

                         Norman Connors: "You Are My Starship"

                               Tamia and Babyface: "Slow Jams"

                      Etta James: "I Want A Sunday Kind of Love"

                        The Controllers: "Somebody's Gotta Win"

                       Prince Phillip Mitchell: "Star In The Ghetto"

                     Prince Phillip Mitchell: "Falling From Heaven"

                           David Peaston: "God Bless The Child"

                                       David Peaston: "Can I"

                              James Brown: "Prisoner of Love"

                              Linda Clifford: "You Are, You Are"

                              The Impressions: "Gypsy Woman"

                            The Impressions: "Keep On Pushing"

      Smokey Robinson and the Miracles: "You Can Depend On Me"

               Smokey Robinson and the Miracles: "Ooh Baby Baby"

                 
Smokey Robinson and the Miracles: "More Love"

                              Celine Dion: "My Heart Will Go On"

                              Celine Dion and Ne-Yo: "Incredible"

                                   Amy Keys: "Lover's Intuition"

                                          Jamice: "Amor De Mi Vida"

                                           Tierra: "Together"

                       Aretha Franklin: "Try A Little Tenderness"

                         Diana Ross: "Good Morning Heartache"

                                 Keyshia Cole: "I Choose You"

                    Teena Marie: "Deja Vu -- I've Been Here Before"

  Teena Marie/Ronnie McNeir: "We've Got To Stop Meeting Like This"

                           M83 and Susanne Sundfor: "Oblivion"

                                                      Kenny G: "I'll Be Alright"

                             Beyonce and Shakira: "Beautiful Liar"

                                    Marvin Gaye: "I Want You"

                   Martha and the Vandellas: "My Baby Loves Me"

            Todd Rundgren; "True Love Does Not Demand Fidelity"

                                    Gladys Knight: "Seconds"

                     Bradd Marquis: "Love Will Find A Way"

                          The Skyliners: "Since I Don't Have You"

                               KeKe Wyatt and Avant: "You and I"

                                  Jose Feliciano: "Light My Fire"

                                         Dido: "Here With Me"

                      The Temptations: "Stay To The Morning Baby"

                              The Temptations: "Slow Down Heart"

                  Filipina Divas: "And I Am Telling You I'm Not Going"

                                   Eric Clapton: "My Father's Eyes"

                                               "Emmanuel"

                                              "Total Praise"

                    The Controllers: "Heaven Is Only One Step Away"

                               Yolanda Adams: "Open My Heart"

                              The O'Jays: "Stairway To Heaven"

                                        Chante Moore: "Candlelight And You"
 
                             Barbra Streisand: "The Way We Were"

                        The Montclairs: "Dreaming's Out Of Season"

                             Tamia: "You Put A Move On My Heart"

                  Katharine McPhee: "Somewhere Over The Rainbow"

                                 Michel'le: "Something In My Heart"

                         Phyllis Hyman: "Somewhere In My Lifetime"

                             Montell Jordan: "This Is How We Do It"

                                                Usher: "Yeah"

                                             Next: "Too Close"

                           Stevie Wonder the twelve year old genius

                      Sean Paul and Keyshia Cole: "Give It Up To Me"

                               Sevyn Streeter: "Sex On The Ceiling"

                                         Clay Aiken: "Solitaire"

                                  Chaka Khan: "Everlasting Love"

                                     Jackie Wilson: "Danny Boy"

                 Pharoah Sanders: "The Creator Has A Master Plan"

Sunday, November 9, 2014

                    
      

        Are the Administration's modifications of ObamaCare illegal?                                                     Answer: No  
                                    
Summary of the general use of executive orders by American presidents

The most important point to realize, with respect to the series of modifications of the Affordable Care Act, is the fact that the modifications, although perfectly legal, are not based upon a President's authority to issue executive orders. The actual authority to make modifications of the Affordable Care Act is found in the language of the Affordable Care Act. The statute grants extensive discretionary power to department heads, such as the head of Health and Human Services and the Internal Revenue Service, to enact administrative rules that delineate ObamaCare's provisions.

It is not unusual for Congressional legislation to grant discretion to the heads of Federal agencies, charged with the implementation of such laws, to enact regulations that specify the otherwise general terms of the law. That is what is happening here with respect to the roll-out and operation of ObamaCare.

The modifications are not lawlessness or the start of an Imperial Presidency. Sorry, right wingers -- there is no wrongdoing here


  Summary of the principles of administrative law in the United States

 
   

       
                  
    What happened to all that talk about Fast and Furious?
 

It's still around; mostly on right wing talk radio where people manage to deftly ignore the fact that the entire GOP herd is standing in a tar pit regarding this controversy. However, with new control in the Senate come January, the Fast and Furious story may resurrect.

Someone on the side of the Democrats should yell: "The whole herd is in the anti-gun control tar pit!! It's Checkmate!!" 
The truth about Fast and Furious is a far different story than the PROPAGANDA tale told for so long by Republicans such as Congressman Darrell Issa 

The reason why reality dictates that the GOP has placed itself into a tar pit requires a sentence or two in order to explain. 

The critics of Fast and Furious have insisted that allowing guns to flow into the hands of Mexican criminals was, to put it mildly, unacceptable. Their criticism was directed at the Justice Department for allowing this outcome to occur. However, the reality is actually this:  Arizona's gun laws compelled the ridiculous outcome, and the hands of the Justice Department and ATF agents were tied by Arizona's statutes. 

The problem is not the Justice Department; the problem is the gun law regimen in Arizona. 

Thus the tar pit: Is the GOP now going to demand changes in the Arizona gun laws, since they were so critical of the outcome when those laws were applied?

Albeit that criticism was when those leaders thought the outcome was a Holder Justice Department folly.
 
As party leaders ponder that point, while stuck in the tar, Representative Issa and Senator Cruz are not to be deterred in their quest to not know the truth, but instead to spread propaganda whenever possible about the "scandal".



          
                                                           "Amor De Mi Vida"

                                            "Am I Dreaming"


Saturday, November 8, 2014

    It's time for a serious debate -- without name-calling

                                    Is the planet's climate changing?
                                  Is man the cause?

                     Those are two separate questions
                                         
Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?

Is the climate change movement leading the Democratic party off a cliff that will haunt the party for a generation?
 


Summary of issues surrounding the Keystone XL pipeline



  It's time to get real about Keystone XL -- stalling is not an answer

National Aeronautics and Space Administration:  Global climate change -- vital signs for the planet

Phil Plait: The Arctic ice death spiral.   There is no denying the fact


Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again recently, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

Is the Limbaugh assertion true?


The Economist: Climate science is a sensitive matter



          
              It's a beautiful planet.  Let's keep it that way


  
                                     Tatyana Ali: "Kiss The Sky"

Friday, November 7, 2014
Dow ekes out a 19 point gain, and it's enough for a new record close


Fox News: President Obama and Congressional leaders met this afternoon at the White House to discuss possible areas of cooperation


The U.S. economy added 214,000 new jobs in October, and the unemployment rate fell to 5.8%, with the labor force participation rate climbing to 62.8%

The Janet Yellen dashboard: How the Fed chief views the jobs market


What is the real unemployment rate -- the much-mentioned U6?

New York Times: The jobs data shows steady gains even though voters signaled their anxiety on Election Day


Alanna Petroff: Russia's currency will not stop falling

  
Thursday, November 6, 2014
Dow adds 70 points in its steady surge to a new record close


Video of President Obama's post-election press conference



     


A favorite investment on talk radio is gold bullion, and this has been the persistent case throughout the Obama Administration. The gold salesmen do not tell the listeners something that would be very sobering: If you bought gold on September 5, 2011 -- following talk radio's expert advice-- you have lost 39.8% of your money, as of today. Whoops! Next time, right-wingers, seek out good investment advice and stay away from what amounts to a political sales pitch that was designed to torpedo the U.S. economy under Barack Obama


                                                 "Halo"

Wednesday, November 5, 2014
Dow closes with a gain of 101 points and a new record high

New York Times: Republican gains grow as new election results come in on the day following the vote

Fox News: Republicans take control of Congress.  Can Obama and the GOP end the perpetual conflict?


A breakdown of how markets perform after the midterm elections


Tuesday, November 4, 2014

                         Today's The Day

Dow adds a gain of 18 points, but most of the equities market went south for the day, along with oil and gold


Monday, November 3, 2014
Dow drops 24 points by the close of trading despite a strong start in the day's early trading




            November 4, 2014 -- Election Day

                            Every election is important
                     Control of the Senate is up for grabs
                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place


Friday, October 31, 2014
Dow adds 195 points and attains a new record high and a record close following the announcement of a Japanese stimulus plan


          
                                          
                                             "To Be Continued"


Thursday, October 30, 2014

Dow surges 221 points following the release of positive GDP data


Wednesday, October 29, 2014
Dow closes down 31 points following the Federal Reserve's announcement of the end of quantitative easing


Tuesday, October 28, 2014
Dow moves up 188 points as Wall Street notices that the United States is in pretty good shape


A brief history of Ebola hemorrhagic fever from 1976 to the present

Who was patient zero of the current Ebola outbreak?  Emile Ouamouno, a toddler in Meliandou, Guinea


Australia is first developed nation to ban travel from the West African Ebola-hit countries


Ben Rooney: Ebola - The making of a $1 billion drug

Market Watch: Here is what the medical bills for Ebola look like

Maine and attorneys for the Ebola-negative nurse Kacie Hickox could be headed for a showdown


Newsweek: The legality of Ebola quarantines


            November 4, 2014 -- Election Day

                            Every election is important
                     Control of the Senate is up for grabs
                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place


Monday, October 27, 2014
Dow slips 13 points as the market searches for a clear direction


Friday, October 24, 2014
Dow gains 128 points following positive earnings reports and falling gasoline prices


Thursday, October 23, 2014
The roller coaster continues with a 217 point gain on the Dow


            
                                          Rick Ross: "In Vein"

Wednesday, October 22, 2014
Worries return to Wall Street, and the Dow quickly loses 154 points

Tuesday, October 21, 2014
Wall Street sees another day of gains as the Dow surges 215 points
 

                                           Kaoma: "La Lambada"

Monday, October 20, 2014
Dow adds a second day of gains with an upward move of 19 points


Friday, October 17, 2014
Rebound rally: Dow claws back 263 points following good earnings from several key companies

Thursday, October 16, 2014
Dow recovers from a 200-point drop to close trading with a loss of 25 points amid fears about oil, growth and the outbreak of Ebola



                                 "Making Love Into The Night"

Wednesday, October 15, 2014
Dow closes with a loss of 173 points, but that was a recovery from a low point when the average was down by 460 points


Tuesday, October 14, 2014

Dow closes with a 6 point loss, but the S&P 500 and Nasdaq manage small gains


Monday, October 13, 2014
Dow drops another 223 points, with most of the losses coming in the final hour of trading


Friday, October 10, 2014
The New York stock markets' fall continues with a loss of 115 points on the Dow


Thursday, October 9, 2014
Dow plunges 335 points and logs the worst loss so far of 2014


Wednesday, October 8, 2014
Optimism on interest rates triggers a 275 point gain in the Dow following the release of the latest Fed minutes


Tuesday, October 7, 2014
Wall Street was clobbered by anxiety and a 273 point loss on the Dow

Monday, October 6, 2014
Dow loses 18 points by the close of a volatile day of trading




            November 4, 2014 -- Election Day

                            Every election is important
                     Control of the Senate is up for grabs
                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute


Friday, October 3, 2014
Dow adds 209 points following a bright jobless report

Unemployment rate falls to 5.9% for the first time since 2008 as the U.S. adds 248,000 jobs

Thursday, October 2, 2014
Dow ends a roller-coaster ride of trading with a loss of 4 points




                                                            Detroit, Michigan             

          Eddie Kendricks and David Ruffin: "Just My Imagination"


                                                "My Girl"


Wednesday, October 1, 2014
Nervousness rules the day on Wall Street: Dow dives 238 points


Tuesday, September 30, 2014
Dow sheds 28 points amid a mixed bag of economic reports


An already ugly month of September for commodities just got real


Monday, September 29, 2014
Dow closes down 42 points, but that was a big improvement from the lows of the session


Fox News: Obama faces backlash after blaming the intelligence community for missing growth of ISIS


NBC News: Hong Kong protests spread as the "Umbrella Revolution" takes hold


Saturday, September 27, 2014


                              Smokey Robinson and Ashanti

Friday, September 26, 2014
Dow adds 167 points in a strong rebound rally, but the major averages lost ground this week

Thursday, September 25, 2014
Dow plunges 264 points for the biggest one-day loss in two months, under the weight of a variety of factors

Wednesday, September 24, 2014
Dow soars 155 points as the market rebounds from a three-day losing streak despite the tensions in the Middle East

Video of President Obama's address to the United Nations

New York Times: In his speech to the United Nations, Obama vows to fight ISIS to the death

Tuesday, September 23, 2014
Dow falls 117 points, marking the third straight losing session, as jitters grow on Wall Street following coalition airstrikes inside Syria

New York Times: The United States is carrying out most of the airstrikes on ISIS

New York Times: In the airstrikes, the U.S. targeted the Khorasan Group, a cell that was plotting to attack the West

Monday, September 22, 2014
Dow falls 107 points as the market turns its attention to growth and focuses on prospects in China

Jeff Reeves: Gold has crashed and is now tarnished for good

Sunday, September 21, 2014

                                                    Happiness                            
                                     "Money Can't Buy It"


Saturday, September 20, 2014
Washington Post: The rift has widened between President Obama and his military leaders over the strategy to fight ISIS


General Ray Odierno: Airstrikes will be tougher as ISIS blends in with the environment


Sierra Leone begins a three-day lockdown in order to battle ebola

New York Times: Turkey welcomes the return of hostages held by ISIS for three months in Iraq

Fox News: Police raids in Australia allegedly foil ISIS plan to behead random people in public

Friday, September 19, 2014
Dow pushes further into record territory with a 14 point gain, but Nasdaq and S&P 500 take hits on the day


It's official: Alibaba, the Chinese ecommerce giant, prices at $68, making it the largest U.S.-listed IPO in history

Market Watch: The independence vote in Scotland will stir trouble from Austin to Athens

New York Times: The Scots have rejected independence from Britain in an historic vote



This is a very bad sign. One hundred years is an extremely long time

Ho Chi Minh said: "The Vietnamese people will fight from this generation to the next." That was also a very bad sign to which the United States should have paid attention and given proper respect


Fox News: Congress approves mission to train and arm Syrian rebels


New York Times: The United States faces a tough struggle on the ground in order to oust ISIS

ISIS is reminiscent of the Maji Maji Rebellion: An army fueled by the belief that its religion would turn the impossibly negative odds into a magical victory for the believers.
This is the belief system of losers



                 French Dassault Rafale M multi-role fighter jet

Hey ISIS Medieval Men: If you ever see a Rafale this close, you should look around for your 72 virgins, because you're already dead


Russia Today: France launches its first aerial attack on ISIS in Iraq


The French are back: The Setif and Guelma massacres of 1945


The British stand ready to continue their tradition of pacifying troublesome indigenous movements. Take, for example, the pesky Mau Mau Uprising of the 1950s

Thursday, September 18, 2014
Dow adds 109 points and closes at a record. The S&P 500 also had a record close of 2,011


Projections at the polls show that voters in Scotland have elected to stay in the United Kingdom


Market Watch: Dot plot shows that the Federal Reserve will be quick about raising rates, once the increases start

Patrick Gillespie: Judging by inflation, it is good to be an American


Dina Gusovsky: Why Chinese money is flooding American markets


Wednesday, September 17, 2014
Dow adds 25 points as Wall Street applauds the input from the Federal Reserve


Dollar jumps to a six-year high versus the yen following the release of the Federal Reserve's statement

Paul Hannon: Inflation in the Eurozone remains at record lows

Lingling Wei: China's central bank is injecting 500 billion yuan ($81 billion) into the country's largest banks in order to spur growth



                                                   "Listen"

       Things Beyonce does that would be awkward if you did them

Tuesday, September 16, 2014
Dow soars 101 points, and the S&P 500 has its best day in four weeks, as the fears of the Fed appear to have faded


Awaiting the FOMC: The dollar is flat in trading against major currencies.  Gold has a second day of gains

Ben Rooney: Worldwide, one person in nine goes hungry each day



          McDonnell Douglas F/A-18C Hornet -- Death from above


        ISIS Medieval Men: Your 72 virgins are only seconds away
 

New York Times: Going to war with the allies that you have

Fox News: Joint Chiefs chairman opens the door to U.S. ground troops being deployed in the fight against ISIS


New York Times: How ISIS works, and its aspirations of statehood


Russia Today: The U.S./British policy to fight ISIS will not work


Monday, September 15, 2014
Dow adds 44 points, but the S&P 500 and Nasdaq suffer losses on the day as tech stocks and small cap companies turn down


Paul R. La Monica: The U.S. bond market is in full-scale anticipation of the Federal Reserve's next move

CNS News: The Federal government collected $2.66 trillion in tax revenues through the first 11 months of the fiscal year, but the deficit during such period totalled $589 billion

Wall Street Journal: The polls indicate that the Scottish referendum is too close to call


Jonathan Clements: Seven sure-fire ways to waste your money


Sunday, September 14, 2014
Benjamin PImentel: How Alibaba became Yahoo's golden ticket


Tomi Kilgore: Alibaba will not be eligible for inclusion in the S&P 500 because of its Chinese domicile



                         A trip down Memory Lane


            November 4, 2014 -- Election Day

                            Every election is important
                     Control of the Senate is up for grabs
                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute


                                                                              
Saturday, September 13, 2014


                           
                              Summary of Shia - Sunni relations


A schism occurred in Islam in 632 following the death of the prophet Muhammad. Relations between the sects reached a low point at the Battle of Karbala in 680, when a Shia leader, Hussein Ibn Ali, was killed, along with his entire family. However, until very recently, the relations between the two communities had been cooperative for centuries. Power struggles in Bahrain, Iraq and Syria have triggered sectarian conflicts on a level not seen for many generations

   
                          

Friday, September 12, 2014
Dow loses 61 points as Wall Street snaps its weekly winning streak after five weeks


Shares on the Hong Kong exchange traded lower overnight for the sixth straight day

Dollar gains continue against major currencies, and the greenback hits 107 yen on policy divergence

A new poll shows that the opponents of Scottish independence have taken a narrow lead


     


A favorite investment on talk radio is gold bullion, and this has been the persistent case throughout the Obama Administration. The salesmen do not tell the listeners something that would be very sobering: If you bought gold on September 5, 2011 -- following talk radio's expert advice-- you have lost 34.9% of your money, as of today. Whoops! Next time, right-wingers, seek out good investment advice and stay away from what amounts to a political sales pitch that was designed to talk down the U.S. economy


Thursday, September 11, 2014
Dow adds 20 points, but it was the small cap stocks that led the market higher


The People's Bank of China, that country's central bank, is set to withdraw cash from the financial system in order to curb speculation

Alibaba 101: The biggest IPO of all time at $24.3 billion. The total value of the Chinese commerce giant will be $155 billion

Jim Cramer: Why is the price of oil in a dramatic decline?


Art Cashin: What do dropping commodity prices mean?

California law mandates sick days for employees, effective July, 2015



                                September 11, 2001




Just in case anybody cares about what really happened:
 Much has been made of President Obama's statement on August 21, 2012 that the use of chemical weapons in Syria would cross a red line.

What has become overlooked, however, is the fact that the President did not say that a chemical weapons attack would necessarily trigger a military response by the United States -- instead, only the "calculus" of President Obama's assessment of the situation would change. It was not until later that pundits, political enemies on talk radio and supposed allies of the President demanded that the words meant that Obama was forced to attack the Assad regime or suffer a loss of face

It is ironic that the Obama Administration was able to garner a negotiated settlement that eliminated the Assad regime's stockpile of chemical weapons -- without a fireworks show.     Despite this fact, Obama's critics were ready in 2013 with what they felt was a suitable rhetorical response. To paraphrase: "You didn't build that. That was Vladimir Putin. Now he's a real leader and always shows a lot of initiative and great judgment. Plus, he is real cool, unlike Obama."

Matt Egan: Why investors remain unfazed by ISIS

   

Wednesday, September 10, 2014
Dow adds 55 points in a broad market rally that lifted many ships




New York Times: President Obama, in an address to the Nation on ISIS, outlined a significant expansion of the fight


Fox News: President Obama approves American airstrikes in Syria, and vows to target ISIS wherever it exists


Press TV: Obama says the United States will bomb ISIL in Syria

Al Jazeera: United States to launch strikes in Syria and expand Iraq campaign against the Islamic State


Greg Robb: The only two words that will matter at next week's Federal Reserve meeting

Oil prices climbed overnight ahead of today's release of reports by the Energy Information Administration and OPEC

French industrial production slowed in July, but the slide was less than what was widely expected


Tuesday, September 9, 2014
Dow falls 98 points despite Apple's big roll-out, and the loss on the S&P 500 is the worst in five weeks

Apple unveils two new iPhones, Apple Watch and Apple Pay


Morgan Stanley's top economist says a market tantrum will put the Fed's interest rate hikes on pause until 2016

Emily Jane Fox: The super rich are becoming even richer


Christopher Rugaber: Stagnant pay is the lingering weak spot in the U.S. jobs market during this recovery



      
       The American
F-22 Raptor -- the planet's baddest jet fighter


In any conflict in the next 30 years, the United States will own the sky


Monday, September 8, 2014
Dow loses 26 points when U.S. stocks fall from record highs, as the energy sector overshadows the influence of Yahoo


CNN Money: The bull market has charged forward for more than 2,000 days, which is the fourth longest winning streak since 1928

The U.S. consumer charged up their credit balances a record amount in July -- that is a sign of irrational exuberance


Hong Kong stocks edged lower overnight after mixed economic data out of China



Why the Apple iPhone is losing China --   Subtitle: Teenagers are absolutely crazy all over the world


Market Watch: The FTSE 100 and the British pound have retreated due to uncertainty concerning Scotland's independence referendum


                                  Congratulations, Serena!!
                                      2014 U.S. Open Tennis Champion
                                     "Aqui Estoy Yo" lyrics
 
Sunday, September 7, 2014
       
                  
    What happened to all that talk about Fast and Furious?
 

It's still around; mostly on right wing talk radio where people manage to deftly ignore the fact that the entire GOP herd is standing in a tar pit regarding this controversy. 

Someone on the side of the Democrats should yell: "The whole herd is in the anti-gun control tar pit!! It's Checkmate!!" 
The truth about Fast and Furious is a far different story than the PROPAGANDA tale told for so long by Republicans such as Congressman Darrell Issa 

The reason why reality dictates that the GOP has placed itself into a tar pit requires a sentence or two in order to explain. 

The critics of Fast and Furious have insisted that allowing guns to flow into the hands of Mexican criminals was, to put it mildly, unacceptable. Their criticism was directed at the Justice Department for allowing this outcome to occur. However, the reality is Arizona gun laws compelled the ridiculous outcome, and the hands of the Justice Department and ATF agents were tied by Arizona's statutes. 

The problem is not the Justice Department; the problem is the gun law regimen in Arizona. 

Thus the tar pit: Is the GOP now going to demand changes in the Arizona gun laws, since they were so critical of the outcome when those laws were applied?

Albeit that criticism was when those leaders thought the outcome was a Holder Justice Department folly
 
As party leaders ponder that point, while stuck in the tar, Rep. Issa is not to be deterred in his quest to not know the truth, but instead to spread propaganda whenever possible

How can a person discern whether a media story is propaganda?

                            Before                                                    After

   The propagandist wants the viewer to arrive at a certain belief

The two pictures above are of  the same woman. But there has been no miracle diet here. The two pictures were taken 15 minutes apart.
      The "hot babe" is simply standing in a slightly different way

 
    
                                 Don Omar and Lucenzo: "Danza Kuduro"
                                               593 million hits on You Tube

Saturday, September 6, 2014
China responds to a recent U.S. probe regarding its solar industry's imports to America.  The United States is attempting to deny the reality that China beat the United States to the invention of the best solar panels on the planet

                      Artist conception of a 2016 Chinese solar-powered community


   
This artist conception looks like a page taken from science fiction


 Why did Solyndra go bankrupt?

Solyndra failed because China developed a superior solar panel technology in a government-subsidized development program at the cost of over $30 billion dollars

It is ironic that the collapse of Solyndra is being touted by critics of the Obama Administration as evidence that the U.S. government should not subsidize private enterprise, since governmental green energy subsidies lead to nothing but failure, according to the right wingers.    The proponents of the right-wing theory purposefully overlook the fact that it was a government-sponsored development program that catapulted China's success in the solar technology field


                         So, let me make sure I've got this right --

While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems from Islamic radicals -- used $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. And China was able to develop this technology because of research grants to its private industry from the Beijing government. Gee, that sounds kind of cool. Maybe the United States should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs

Many people are unaware of the fact that China has had the world's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes. Most people are also unaware that during the Great Depression of the 1930s, China was the only major economy in the world that did not slip into depression, a fact that is a testament to the conclusion that China's theories on economic and financial policy are something that the West should seek to emulate


                                                      "It's A Beautiful Morning"

Friday, September 5, 2014
Dow has a winning day and adds 68 points, while the S&P 500 hits a new record close


New York Times: At the NATO summit in Wales, the U.S. and its NATO allies have formed a coalition against ISIS

Fox News: Although ISIS has been grabbing the headlines, it is still Al Qaeda that remains the top threat to the United States


U.S. adds just 142,000 jobs during August, but the unemployment rate ticks down to 6.1%
     Another perfect day in the paradise that is San Diego                                    
                       

Thursday, September 4, 2014
Dow suffers a minor loss of 9 points, and the broader market also continues its slide from yesterday, as the S&P 500 closes below 2,000


The European Central Bank unexpectedly cuts its benchmark interest rates today, and the euro slid lower in reaction

Jennifer Booton: Why now is the time to buy shares in Apple

Hong Kong equities fell in overnight trading, and the commentators cite Wednesday's downdraft in the broad market on Wall Street

David E. Sanger: The three-headed monster that challenge's President Obama's foreign policy

                                   

Ron Insana: World War II flashback -- Is history repeating itself?
 

Patti Domm: The Federal Reserve may tighten interest rates at just the time that the ECB is easing


The head of commodities research at Goldman Sachs forecasts a 17% drop in gold by year-end


Boeing beats Airbus for jet orders, as both manufacturers top 1,000 orders for the year



                                            "Give It Up To Me"

Wednesday, September 3, 2014
Dow adds 11 points, but the wider market drifted lower on the day

New York Times: Ukraine and Russia announce the terms of a cease-fire

Russia Today: Putin and Poroshenko agree on steps to facilitate a cease-fire between Kiev and anti-government forces


Before the open on Wall Street, the talk of a cease-fire in Ukraine significantly boosted the level of Dow futures


Islamic State says it has beheaded another journalist, American Steven Sotloff


Cristina Alesci: The dollar cost of going back to Iraq totals approximately $7.5 million per day -- compared to $240 million during Operation Iraqi Freedom, and the money is coming from the Pentagon's Overseas Contingency Operations account

MSN Money: Four market stories to watch for the rest of the year


                       A trip down Memory Lane


           November 4, 2014 -- Election Day

                          Every election is important
                  Control of the Senate is up for grabs
                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute



                       
                            "Be Ever Wonderful"
                                      


Tuesday, September 2, 2014
Dow falls 31 points, and the S&P 500 also lost ground but managed to close above 2,000


Paul R. La Monica: The U.S. dollar is at its highest level in more than a year

Tokyo stocks moved modestly higher in overnight trading due to a new round of weakness in the yen

Hong Kong stocks were flat in trading yesterday following the release of tepid economic data regarding China's manufacturing sector

Market Watch: Why September may not turn out to be a continuation of the bull market

Thomas H. Kee: How to play a post Labor Day market, at least according to an analysis based on the Nasdaq 100 ETF

Gold moved higher yesterday, lifted by a war premium spawned by the conflict in Ukraine


Germany's Destatis: The German economy contracted in the second quarter, but growth remained positive year-to-date



                               
   
Republican lawsuit against President Obama regarding executive actions will cost $500 per hour up to a maximum bill of $350,000


                    
      

        Are the Administration's modifications of ObamaCare illegal?                                                     Answer: No  
                                    
Summary of the general use of executive orders by American presidents

The most important point to realize, with respect to the series of modifications of the Affordable Care Act, is the fact that the modifications, although perfectly legal, are not based upon a President's authority to issue executive orders. The actual authority to make modifications of the Affordable Care Act is found in the language of the Affordable Care Act. The statute grants extensive discretionary power to department heads, such as the head of Health and Human Services and the Internal Revenue Service, to enact administrative rules that delineate ObamaCare's provisions.

It is not unusual for Congressional legislation to grant discretion to the heads of Federal agencies, charged with the implementation of such laws, to enact regulations that specify the otherwise general terms of the law. That is what is happening here with respect to the roll-out and operation of ObamaCare.

The modifications are not lawlessness or the start of an Imperial Presidency. Sorry, right wingers -- there is no wrongdoing here


  Summary of the principles of administrative law in the United States

 
  



                        Celine Dion and Ne-Yo: "Incredible"

M
onday, September 1, 2014

                                   LABOR DAY


                   Sevyn Streeter: "Sex On The Ceiling"

           On the ceiling with lyrics -- if you're ready to see them

Sunday, August 31, 2014

           
All Americans should realize the three facts that most Russians already realize: First, Vladimir Putin has lost forever most of Ukraine to the West. Second, Russia's current fomenting of unrest in the east and south of Ukraine are only acts of futility and weakness, as well as a callous disregard for human life and the welfare of Ukraine. Third, the Western powers also have a callous disregard for human life and the welfare of Ukraine. This is how modern day civil wars happen 

Christian Science Monitor: Could Estonia be the next target of Russian annexation  The better question would be: Might a part of Estonia  -- such as Ida-Viru County -- on its own accord ask for annexation by Russia?

 
The situations in the Middle East and Ukraine have once again raised questions regarding President Obama's credentials in the fields of foreign affairs and military operations

After all, the story: "He was just a community organizer in Chicago"

It is interesting to me that Barack Obama has been twice elected as President of the United States without the great majority of the American people knowing his field of study at prestigious, Ivy League Columbia University in New York City

                      Do you know Barack Obama's college major?

Answer: Political science, with a specialty in international relations,  and his undergraduate academic performance enabled him to enter Harvard Law School, where he graduated Magna Cum Laude and President of the Harvard Law Review in 1991

Saturday, August 30, 2014


                                                                 "Body Party"

Friday, August 29, 2014
Dow adds 19 points and the S&P 500 sets a new record close


Zain Asher: The economic cost of the war between Israel and Hamas


Russia Today: European volunteers are fighting against Kiev troops in eastern Ukraine



        
               

                In order to get a good report card, this is what is needed

Just in case anybody cares about what really happened:
 Much has been made of President Obama's statement on August 21, 2012 that the use of chemical weapons in Syria would cross a red line.

What has become overlooked, however, is the fact that the President did not say that a chemical weapons attack would necessarily trigger a military response by the United States -- instead, only the "calculus" of President Obama's assessment of the situation would change. It was not until later that pundits, political enemies on talk radio and supposed allies of the President demanded that the words meant that Obama was forced to attack the Assad regime or suffer a loss of face

A similar recurring theme from talk radio is the assertion that President Obama made an apology tour in which he defamed U.S. accomplishments. Is such an assertion true? Actually, the assertion is demonstrably false, but the claim has been very effective propaganda smearing the President.

     

Thursday, August 28, 2014
Dow slips 42 points under the pressure of events in Ukraine and the specter of rising interest rates


Wednesday, August 27, 2014

Dow adds 15 points as the major averages tread water for the day


Bond yields are at historic lows in the United States and Europe


Ukraine says that Russian forces have launched a new offensive in the country's east


      
                                Vicente Garcia: "Mi Balcon"

Tuesday, August 26, 2014
Dow rises 30 points following a better-than-expected consumer confidence report, and the S&P 500 marks a record close above 2,000


The Telegraph: The scandal of fiddled global warming data. The United States has actually been cooling since the 1930s

Capital Report: Scarcity of water is a key worry in a recent  White House climate change report

                     Is the planet's climate changing?
                                  Is man the cause?

                                         
Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?

Is the climate change movement leading the Democratic party off a cliff that will haunt the party for a generation?
 


Summary of issues surrounding the Keystone XL pipeline


National Aeronautics and Space Administration:  Global climate change -- vital signs for the planet

Phil Plait: The Arctic ice death spiral.   There is no denying the fact


Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again recently, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

Is the Limbaugh assertion true?


The Economist: Climate science is a sensitive matter



                         It's a beautiful planet.  Let's keep it that way

Monday, August 25, 2014
Dow adds 76 points, and the S&P 500 moves above 2,000 intraday for the first time ever


Friday, August 22, 2014
Dow falls 38 points on the day, but all three major indexes gain for the third straight week


                                   A Trip Down Memory Lane
                                           October 25, 2012

Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 


Thursday, August 21, 2014
Dow rises 60 points and the S&P 500 sets a new record close following the release of positive economic data


Wednesday, August 20, 2014

Dow adds a 60 point gain despite a Fed report that raised the specter of higher interest rates


Tuesday, August 19, 2014
Dow pushes up 81 points, and the S&P 500 retests its record close

   
 
                                
                          An example of right-wing propaganda

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union. 

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim

The example of right-wing propaganda that is related above is heard less now on talk radio than it was a few years ago, because now most of the current myths being echoed about the President concern the disinformation campaign surrounding ObamaCare and the fictitious meme that the President is just running out the clock on his second term by playing golf all the time

If you are upset about President Obama's golf games, then you should ask yourself: What would Reagan do?


Monday, August 18, 2014
Dow soars 176 points despite a slate of negative influences


Friday, August 15, 2014
Dow falls 51 points under the pressure of ominous events in Ukraine


MSN Money: George Soros makes a big bet against stocks

Ukraine says it destroyed military vehicles crossing the border from Russia


Dual threat has the mainstream rebels in Syria fearing their demise



                                                     "Pantelimanu Petrece"

Thursday, August 14, 2014
Dow climbs 62 points, and the S&P 500 and Nasdaq also see modest gains


Wednesday, August 13, 2014
Dow adds 91 points as health care and biotech stocks rally


Tuesday, August 12, 2014
Geopolitical tensions create another down day on Wall Street, and the Dow loses 9 points



                                   
                                     Tinashe:  "Vulnerable"
                       
Tinashe's lyrics -- if you are ready for them

Monday, August 11, 2014
Dow adds 16 points as small cap stocks pull the broader market higher despite geopolitical problems


Jesse Solomon: Why aren't oil prices spiking because of the fighting in Iraq?

Friday, August 8, 2014

Dow adds 186 points as a rebound rally hits all three major averages


New York Times: U.S. Navy warplanes strike militants in Iraq


Fox News: Israel resumes attacks on Gaza after rocket fire by Hamas


Thursday, August 7, 2014
Geopolitical concerns rule the day on Wall Street, and the Dow drops 75 points after being in positive territory much of the day


              
           Who was the worst U.S. President ever?    Part II

Wednesday, August 6, 2014
Dow manages a 14 point gain amid continuing concern over Ukraine


Tuesday, August 5, 2014
All three major averages fall, and the Dow's loss is 140 points, as Wall Street once again turns its attention to Ukraine


Monday, August 4, 2014
Dow adds 76 points as all three major averages rebound strongly from last week's sell-off


Friday, August 1, 2014
Dow tacks a 70 point loss to a bad week, despite a decent jobs report


MSN Money: The best disappointing jobs report in years


Wednesday, July 30, 2014
Dow loses 32 points despite a report of strong economic growth and predictable action by the Fed


The U.S. economy bounced back with a 4.0% annual growth rate in the second quarter

The Guardian: Liberia takes steps to contain the outbreak of ebola in West Africa



                             Usher: "Good Kisser"

Tuesday, July 29, 2014
Dow loses 70 points on the day's trading, and the S&P 500 has a similar percentage loss


Monday, July 28, 2014
Dow adds only 22 points in a day marked by merger news, as the market awaits a week of economic data


Friday, July 25, 2014
Dow drops 123 points under the weight of big losses in the shares of Amazon and Visa, and the Nasdaq and S&P 500 also lose ground


Amazon loss widens as Jeff Bezos alarms investors with his plans for spending

More than 6.8 million Americans will receive refunds from their health insurers this summer

Ben White: Why Obama's "economic patriotism" is bunk


Russia Today: Hysteria over downing of MH17 fails to take into account both law and facts

Fred Kaplan: The Vincennes downing of Iran Flight 655 in July, 1988


Thursday, July 24, 2014
Dow drops 3 points and the Nasdaq also loses a small amount of ground, but the S&P 500 powers forward to a new record


The International Monetary Fund has cut its projection for global economic growth during 2014 to 3.4%


Wednesday, July 23, 2014
Dow slips 27 points, but the S&P 500 pushes forward to its 26th record close of 2014

Ron Insana: Inflation is about to fall and fall hard


Victor Reklaitis: Emerging markets are at a nineteen month high. There are five things of which to take note


Russia Today: Kiev says two Ukrainian Su-25 fighter jets have been shot down by Russian forces


Fox News: Senator Cruz charges that the FAA flight ban is tantamount to an economic boycott on Israel

                        
Tuesday, July 22, 2014
Dow adds 62 points, and the Nasdaq and the S&P 500 also see upward movement


The Treasury yield curve is at its flattest level since February, 2009

Mark Thompson: The ten most significant Russian sanction targets

Gregory Wallace: The $24 billion tobacco verdict. That's one down and 5,130 more to go

                      

Fox News: A Federal appeals court has struck down subsidies granted through HealthCare.gov under ObamaCare

New York Times: Court deals setback to the health care law


Is Saudi Arabia the next big emerging market?


                               Brief history of Saudi Arabia

Monday, July 21, 2014
Dow slips 48 points, but trading was much worse before President Obama's statement on Ukraine and Gaza


Avi Gilburt: The equity markets are in a topping process, and last week's actions bring Wall Street closer to a correction

Ben Eisen: Investors are exiting the junk bond market as yields rise

Bloomberg: President Obama is seen as gaining on Vladimir Putin, as the U.S. prods the European Union on sanctions


Bloomberg: President Obama says that Russia's Putin has responsibility for making the rebels cooperate with the international community


New York Times: The pressure grows on Russia's Putin as forensics experts reach the crash victims in Ukraine

Russia Today: According to President Putin, what is needed at the MH17 crash site is an international team of investigation experts




                         Rush Limbaugh -- Jackass of the Debate
 
Today, Rush Limbaugh, in an effort to discredit President Obama as a person who does not fulfill America's obligations, told his audience of millions that the United States under the 1994 Budapest Memorandum has the duty to defend Ukraine against attackers.

Does the 1994 Budapest Memorandum require that the United States defend Ukraine under the present circumstances?   Actually, there is no such requirement 

A similar recurring theme on Limbaugh's radio show is the assertion that President Obama made an apology tour in which he defamed U.S. accomplishments.  Is such an assertion true?  Actually, the assertion is demonstrably false, but the claim has been very effective propaganda smearing the President.

I would love to hook Limbaugh up to a polygraph and question him about the 1994 Budapest Memorandum in order to answer the simple, direct question: Is Limbaugh ignorant or is he lying?         I suspect that Limbaugh knows the truth; he's being a very convincing liar


                                      The official portrait -- Jackass of the Debate

Sunday, July 20, 2014
Tim Clift: Here is your playbook for stocks for the second half of 2014


Cheapism.com: Fourteen things you can stop paying for right now


New York Times: Israel's ground assault in Gaza strengthens and the casualties rise


     What does the date May 14, 1948 mean to you -- Independence?

          What does the date May 15, 1948 mean to you -- Nakba?

                   "Hamas" -- what does that name mean?


                Has there ever been a country of Palestine?

                      
What is the Palestinian right of return?

   


                             No two sunrises are the same
                                          Seize the time

Saturday, July 19, 2014
Patti Domm: Politics will fade as earnings season continues to affect and steer the markets


        
                  Russian-built Buk surface-to-air missile system

Flight MH17 was shot down by a surface-to-air missile that is one of Russia's most effective exports to militaries around the world

Mail Online: Did the Flight MH17 pilot divert into the danger zone?

Russia Today: Here are ten questions that the Russian Deputy Defense Minister wants Ukraine to answer in order to show Ukraine's commitment to an impartial probe


Russia Today: The tragic history of passenger aircraft shotdown by military action


Compilation of U.S. states with the strongest and weakest unions

Associated Press: Israeli troops uncover more than a dozen cross-border tunnels in Gaza



                Wes Montgomery: "Bumpin On Sunset"

Friday, July 18, 2014
Dow climbs 123 points, along with gains in the Nasdaq and the S&P 500, as the market rebounds strongly from yesterday's sell-off


Alanna Petroff: The Russian stock and currency markets have been rattled by the rounds of sanctions


President Obama points to pro-Russian separatists in the downing of the ill-fated Malaysian Boeing 777-200 aircraft

    
                                     We see you, Little Man

Six events that alarmed the markets so far in 2014, and why the markets quickly shake off such events

Market Watch: The crash of the Malaysian airliner triggers a brief, risk-off reaction globally in stocks, debt investments and precious metals

New York Times: The Malaysian airliner was blown out of the sky by a surface to air missile, according to U.S. intelligence officials


Russia Today: Moscow rushes to point out that a Ukrainian Buk surface-to-air missile battery was operational in the area at the time of the Malaysian airliner downing, or at least the battery's radar was turned on.


         List of incidents in which a civilian airliner was shot down

Chicago-based drugmaker AbbVie is negotiating an inversion merger with Britain's Shire for $54.7 billion. The purpose of this type of merger is the avoidance of U.S. taxes


Gallup Politics: One in six say that immigration is the most important  problem facing the Nation today

         
                       Attention: Humanity -- It's a Family Affair

Thursday, July 17, 2014
Dow plunges 161 points as the markets are roiled by the downing of a passenger jet in Ukraine and the invasion of Gaza by Israel


New York Times: A Malaysian airliner with 298 passengers and crew on board has been shot down over Ukraine near the Russian border


Russia Today: Both Kiev and the opposition deny responsibility for the downing of the Malaysian airliner



                               Israeli Merkava tanks roll near Gaza

Fox News: Israel launches a ground offensive in the Gaza strip in order to destroy underground tunnels


Al Jazeera: Israel launches Gaza ground invasion, as columns of tanks enter the strip

Brett Arends: Wall Street is in the third biggest stock bubble in U.S. history.  Reader beware: I do not necessarily endorse this opinion

Microsoft will cut 18,000 jobs this year as it slashes its Nokia unit in a bid to transform itself into a cloud computing and mobile platform

Mail Online: Hillary Clinton's fee for giving speeches: $2,777 per minute, and  she demands the use of a presidential teleprompter

ObamaCare's navigators helped less than two people a day during the open enrollment period

ABC News: the Feds are struggling to cope with a "medical breakdown" among the border-crossing children

                 
                    "The Creator Has A Master Plan"

Wednesday, July 16, 2014
Bull stampede on Wall Street: Dow adds 78 points and attains new record highs at the close and intraday


China's GDP outgrows expectations, despite a background of worries regarding a slowdown in real estate

Federal Reserve: U.S. factory output rose for the fifth straight month


Rupert Murdoch's 21st Century Fox has made a $80 billion takeover bid for Time Warner, which was rejected in June

Morgan Stanley: The physical oil market appears oversupplied for now, but oil futures did rebound overnight following the release of data on China's growth in the second quarter

Mark Hulbert: There is a big hole in the bullish case for stocks -- namely, low interest rates do not justify high valuations




           November 4, 2014 -- Election Day

                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute


                     "Hamas" -- what does that name mean?


                                       Death from above

New York Times: 100,000 Gazans are told to flee their homes as both sides press forward

Fox News: "Evacuate immediately" -- Israel warns Gazans to leave homes as Hamas is urged to accept cease-fire



                       If you truly hear this Azan, you will cry

Tuesday, July 15, 2014
Dow manages a gain of 5 points, despite a reaction by many in the market to what some perceive as bubble apprehension


Chair Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee: The U.S. economy still needs Fed stimulus

The Empire State manufacturing index reached a four-year high in July, at a level of 25.6%

Michael A. Gayed: Are conditions for a crash in the financial markets growing or fading?


Hong Kong stocks extended overnight the bull run that started Monday on Wall Street

See Kit Tang: Why Hollywood has not won over China, so far

               Has there ever been a country of Palestine?

   

New York Times: A brief lull in the fighting in Gaza has ended, and Israel suffers its first death in the eight-day conflict


            

Russia Today: Israel will expand and intensify its operations in Gaza following the refusal of a cease-fire by Hamas


    
                              "Beautiful Liar"

Monday, July 14, 2014
Dow adds 112 points, as the Nasdaq and S&P 500 also see gains


Barclays: There has been no change in the long-term sentiment on gold, and that is why many are cashing in on gold's recent gains

Jeff Reeves: Emerging markets have snapped back at just the point that U.S. equities may be peaking. Is this a way to avoid a Wall Street meltdown?

Douglas McIntyre: Five consumer brands that will be gone by 2016


Israel and Hamas reportedly considering a cease-fire in Gaza



Russia Today: The leader of Boko Haram has voiced his support for ISIS and claimed responsibility for recent attacks


                 
                                                 Avoid Flabbergast


Sunday, July 13, 2014
The technology stocks and bank earnings will set the pace on earnings during the week and preview the state of the economic recovery


Lambeth Hochwald: Stop making bad choices with your money.   It's time for a financial check-in

Mark Hulbert: The U.S. stock market will be disappointing for 10 years


Melanie Hicken: Should you raid your retirement savings in order to slash your pile of debt?



         Selena: The Last Concert -- 1995 in the Houston Astrodome

Saturday, July 12, 2014
As Israeli airstrikes hit a mosque and a clinic, the risks of an air campaign come home


   What does the date May 14, 1948 mean to you -- Independence?

        What does the date May 15, 1948 mean to you -- Nakba?

Press TV: The United Nations Security Council urges a cease fire in Gaza 
This Press TV article is a typical example of the lousy journalism that passes for good reporting in Iran; it is complete with a huge factual error in its last sentence. Nice going guys. Real Pulitzer stuff here. Keep up the great work at this important time.

Press TV reminds me of Jet Magazine back in the 1960s. Apparently, the people at Press TV are very comfortable with their lousy level of job performance and aspire to nothing higher than the status quo.

Remember, PressTV's solemn motto: "All articles should, at all times, be short, uninformative and completely uninspiring, so help us god"

     
                                    Everybody knows her name

Friday, July 11, 2014
Dow adds 29 points to close out the week's trading, and the Nasdaq and S&P 500 also see gains


The first 2,000 days of the Obama Administration -- how well has Wall Street done?

Is the U.S. better off by "almost every measure" -- as the President claimed in Austin, Texas recently?


New York Times: The Israeli leadership feels no pressure to quit bombing Gaza


Russia Times: Civilians are the collateral damage in the conflict between Hamas and the IDF



  The number of Americans who are uninsured has plummeted this year under ObamaCare


The Alzheimer's epidemic: Where things stand on treatment and cure



 If you are an aviation enthusiast, then you have just got to love this picture

Thursday, July 10, 2014
Dow slumps 71 points following negative economics data out of Europe, but at least the day was not as bad as it could have been


InvestorPlace: The Fed's easy money program is coming to an end, and the market is in a bizarre state of denial

Gold takes an upward leap as the stock market digests the Fed's minutes and everyone eyes hostilities in the Mideast

   What does the date May 14, 1948 mean to you -- Independence?

        What does the date May 15, 1948 mean to you -- Nakba?

New York Times: Death toll rises in Gaza, as Hamas shoots rockets deeper into Israel

Fox News: U.N. chief says that Gaza is on "a knife edge" as reported casualties from Israeli airstrikes mount


Press TV: Israel escalates violence while playing itself as the victim


Wednesday, July 9, 2014
Dow climbs 79 points despite numerous causes for concern, including higher interest rates


Michael Sincere: If ever the stock market has flashed a "sell signal" -- it's now, but there's still time to move into cash

                      

Marc Faber: The asset bubble has begun to burst -- more predictions from a man who is oftentimes totally wrong
  
     
China's incredible high-speed rail system of 6,500 miles of track was built in less than a decade


Democratic Congressman Cuellar blasts President Obama as being "aloof", "bizarre" and "detached" regarding border problems


The Jerusalem Post: Hamas rockets reach Jerusalem and Tel Aviv


                     Hamas fighters prepare to fire rockets
               Does this look like three ignorant dolts trying to fight a war?

                    You should have seen how backward they were in 1948
Ignorant people have an ongoing problem: Foreigners will steal from them

Press TV: Iran urges firm action on brutal Israeli attacks

Press TV: One more Palestinian killed in Israeli strikes on Gaza



                Israeli F-16 fighter-bombers streak toward their targets
  The American-made F-16 is the most effective killing machine ever built

Fox News: Israeli military steps up Gaza Strip airstrikes on the second day of its offensive


Tuesday, July 8, 2014
Earnings season is back once again, and the Dow falls 118 points in response to several trends connected with the season


Irwin Kellner: Say hello to the country's newest bubble -- namely, the stock market

David Weidner: Dow 17,000 is on the wrong side of history

Shawn Langlois: Welcome to the fourth-stage of the market rally. Hold on tight


Jesse Solomon: Can corporate profits keep going and going?


  Land grab: The rich Chinese are snapping up U.S. real estate at the rate of $22 billion over the last 12 months

               
                                                       The target audience

The Week: China thinks it can defeat the United States in battle


The Week: What is behind China's new belligerence?


"The Week" is propaganda designed to create American fear and get a good, old-fashioned arms race going as soon as possible

Breitbart: Stand your ground protesters in Murrieta, California divert a third round of Border Patrol buses carrying illegal aliens

New York Times: President Obama seeks nearly $4 billion from Congress to attack the current immigration crisis


Fox News: The Administration is slammed for allegedly missing the mess on the southern border



 
       A very sincere welcome to the neighborhood, Lani Misalucha


Monday, July 7, 2014
Dow slips 44 points as anxiety about an uptick in interest rates creeps back into the equity markets


Mark Hulbert: Gold has farther to fall -- look for $800 an ounce

          There are always persuasive gold salesmen pushing the product
                      
                                  Always makes for a great picture

Never forget that it is very possible to lose money in precious metals

Stocks in Hong Kong seesawed overnight, led by advances in real estate companies and slippage in consumer shares

Craig Stephens: Foreign money is still flowing into Hong Kong despite the July 1st protests because China's currency is strong


CNN Money: The top performing stocks for the first half of 2014

Los Angeles Times: The latest data on deportations of minors will not dispel myths regarding the fruits of border crossing


The Telegraph: ISIS Islamic state leader Abu Bakr al-Baghadi comes out of hiding to address Muslims in Mosul as Caliph Ibrahim




                                          "Going Home"  
                                                   
                                        
Sunday, July 6, 2014


                                        "Ne-Yo: "Closer"


Saturday, July 5, 2014
Chuck Jaffe: Your "Made in America" may not be what it seems


Angela Moon: Double digit profit growth may return in the second quarter


Alanna Petroff: Four risks confronting investors in emerging markets

Why your job dictates your health insurance costs

     

         C'mon, Mitt. You've got to agree -- this is funny.  No? Too soon?
       This is what pandering to the Republican base will earn you:        
                                    A finish in second place
                                   A lifetime as a punch line

Conservatives say that the poor have it way too easy, and that the entitlement mentality is ruining the 47% along with the Nation

Here is an unusual question: What is the second most popular religion in your state?



Department of Defense grounds the entire F-35 fleet pending the outcome of engine inspections


Fox News: The Army is contemplating the replacement of its 9mm handgun inventory in search of a harder-hitting alternative


Daily Caller: President Obama is delivering 290,000 illegal immigrants to the U.S. homes of people to whom they have connections

Interactive map of the locations where the Feds are attempting to stash border crossers

The Daily Caller: ICE ends the use of the term "alien" when referring to border crossing children



                      Anonymous: "Step In The Name Of Love"

Friday, July 4, 2014

                                Independence Day
                           "God Bless The U.S.A."
       
       "And kneel and say an Ave Maria there for me"


Thursday, July 3, 2014
Dow adds 92 points for its first close above 17,000. The S&P 500 sets a new closing record, and the Nasdaq closed up 2% for the week


Blockbuster from the Department of Labor: The U.S. economy created 288,000 new jobs in June and the unemployment rate fell to 6.1%, plus there were significant upward revisions of previous months

New York Times: The new jobs report is an indication of a rebounding economy


CNSNews: A record number of Americans -- 92,120,000 -- were not in the labor force in June


What is meant by the term "labor force participation rate"?


Capitol Report: More than half of 2014 new jobs pay above average salary


Paul B. Farrell: The Great Obama Bull market will roar until 2016

Freddie Mac: The rate on a fixed-term 30 year mortgage stands at 4.12%, near its lowest level on record



                      
"What Does It Take To Win Your Love?"

                    Answer: A new record high on the Nasdaq

CBS Los Angeles: A Murrieta, California city official claims that there will be protests every time a bus of immigrants arrives

A border patrol union official has stated that the influx of children has heightened health problems among ICE officials and for the Nation


Al-Arabiya: King Abdullah of Saudi Arabia has deployed 30,000 troops to its border with Iraq

Wednesday, July 2, 2014
Dow adds 20 points and moves closer to the 17,000 milestone


ADP: The U.S. economy added 281,000 private sector jobs in June

Jonathan Burton: Now is the time to take stock of your financial and investment success

Activision Blizzard: With the Dow near 17,000, you have a "screaming buy" and a death cross

Charles Passy: Most people missed the ride to Dow 17,000.  Did you?

The Hong Kong stock market caught up in overnight trading with optimistic manufacturing reports released by the Chinese earlier in the week


MSNBC: The Democrats are aiming to win back state legislative houses in eight key states


Body of Palestinian youth found in a forest near Jerusalem, sparking possibility of a revenge killing


                          
        Are the Administration's modifications of ObamaCare illegal?                                                       Answer: No  
                                    
Summary of the general use of executive orders by American presidents

The most important point to realize, with respect to the series of modifications of the Affordable Care Act, is the fact that the modifications, although perfectly legal, are not based upon a President's authority to issue executive orders. The actual authority to make modifications of the Affordable Care Act is found in the language of the Affordable Care Act. The statute grants extensive discretionary power to department heads, such as the head of Health and Human Services and the Internal Revenue Service, to enact administrative laws that delineate ObamaCare's provisions 

It is not unusual for Congressional legislation to grant discretion to the heads of Federal agencies charged with the implementation of such laws to enact regulations that specify the otherwise general terms of the law. That is what is happening here with respect to the roll-out and operation of ObamaCare.

The modifications are not lawlessness or the start of an Imperial Presidency. Sorry, right wingers -- there is no wrongdoing here


  Summary of the principles of administrative law in the United States

 
 

               Newsboys: "I Am Free -- The Price Has Been Paid"

Tuesday, July 1, 2014
Dow soars 129 points and closes trading at a new record high, with the S&P 500 in tow


        What's that you say? The U.S. economy hasn't collapsed?
  Why aren't the media outlets that carried the Doomsday ad embarrassed?
                               Answer: Selective amnesia

If you are unaware of the July 1st as Doomsday ads, so prevalent in parts of the right wing media over the last six months, view an example of intentional, destructive, financial advice, which is linked below under the text for June 30, 2014


Institute for Supply Management: U.S. manufacturing remained strong in June, giving the strong implication that the first quarter GDP report was an anomoly


Lawrence Lewitinn: Why this may be as good as it gets for U.S. stocks such as the benchmark S&P 500

The five hottest stock markets in the world for 2014 year-to-date

Markit: Manufacturing in the Euro-zone slowed in the second quarter


Washington Examiner: Hillary Clinton has polled below 50% for the first time regarding 2016


Russia Today: Kiev military resumes "active phase" of its operation against anti-government forces


CNBC: The ceasefire in Ukraine has ended, and that is cause for worry in view of the increasingly aggresive Petro Poroshenko



                                  
                                       "Baby, I'm For Real"


Monday, June 30, 2014
Dow posts a 25 point loss on the day's trading, and the S&P 500 also stumbles, but the two major averages are in the black for the year -- and, in fact, the S&P 500 is having a banner year


Fox News: Supreme Court rules in favor of Hobby Lobby regarding mandated contraceptives coverage under ObamaCare

MSNBC: How will the ruling in the Hobby Lobby case affect women?


Mark Stern: The Hobby Lobby ruling is surprisingly good news for gays because of its specific prohibition against bias in hiring


New York Times: The high court has ruled that some categories of public workers cannot be compelled to pay union dues to the SEIU


Bodies of three Israeli teens found in a shallow grave in the West Bank. Prime Minister Netanyahu once again accuses Hama


Many Nigerians fear that the missing girls will never be found alive


When will Alibaba go public?

Congratulations!!  If you owned one or more of these 11 stocks this quarter, then you probably feel right now like a prominent financial markets strategist



    Did you know that the United States economy will collapse tomorrow?
                If you did not know of the upcoming collapse, that's good.
                   Only the ignorant knew all about this impending doom

  Beforeitsnews.com: Red Alert!  Economic collapse on July 1, 2014.  Find out why & how -- Communism is at the door!  See & share!   This link is to an example of a genre of financial advice that has become increasingly common over the last decade. Usually this genre is selling either precious metals or the fear of an apocalypse, which is designed to steer the gullible towards fundamentalist Christianity. Another industry that engages in the use of "the sky is falling" sales pitch are those bandits who are selling products that are either flatly illegal or riding the line of illegality -- such as secret foreign bank accounts.  In this link, Bible verses are used in an attempt to raise credibility.

Beforeitsnews.com is crazy talk -- brain dead fear porn.  I suspect that after the Obama Administration is over this genre will recede in popularity, since its usual proponents are right wingers who are attempting to hold back the U.S. economy in order to prop up the price of silver and gold, or to torpedo the success of a Democratic administration in the hope of returning the Republicans to the White House

    The link below is to the actual facts behind "Communism at the door!"

Reuters: The U.S. Treasury Department recently made 50 modifications to the Foreign Account Tax Compliance Act, which is designed to thwart tax evasion by parking money offshore in places like Switzerland  The law takes effect on July 1, 2014


  "I have no reason to lie, since I am the Mayor of Realville"
 
        
Rush Limbaugh is not a Realist. He lies frequently

Sunday, June 29, 2014
The Guardian: The White House will soon ask Congress for new powers to deal with the surge in numbers of children border-crossers


President Obama has selected former Proctor & Gamble CEO and West Point graduate Bob McDonald to take the head of the Department of Veterans Affairs



                           
                               Tierra: "The Old Songs Medley"


Saturday, June 28, 2014
How one couple wiped out debt of $125,000 -- including $89,000 spread out over 11 credit cards


Patti Domm: Wall Street may see fireworks on the trading floor -- that aren't firecrackers -- before July 4th


                             "Whenever, Wherever, Whatever"

Friday, June 27, 2014
Dow ekes out a 6 point gain on the day, but it is only the Nasdaq that had a positive week of trading


President Obama suffers 12th unanimous defeat at the Supreme Court

Nancy Pelosi will travel to the border in order to evaluate the situation regarding detained children who slipped into the U.S. from Central America


Mother Jones: Rand Paul thinks that Republicans, like the former Vice-President Dick Cheney, are too eager for war

A millennials-driven housing boom is seen to be on the horizon



Rory Stewart: Afghanistan --The irresistible illusion of an unobtainable victory.   America:  It's time to get real


ObamaCare's 95% solution: Automatic re-enrollment, including subsidies


The Tell: Six reasons why stocks are still setting records

The ten least stressed-out cities in the United States


                        
                   Jaci Velasquez: "Como Se Cura Una Herida?"

            Even if you can't speak Spanish, I bet you can tell that
             Jaci is singing a tear-jerking, love-gone-wrong song


Thursday, June 26, 2014
Dow finishes with a loss of 21 points, but that close was a major comeback from the triple point losses seen in the morning's trading


James Bullard, President of the St. Louis Federal Reserve, sees inflation above 2% in 2015

University of California Professor Darrell Hamamoto: Illegal immigration and amnesty is leading to the creation of a permanent subservient underclass

Breitbart: Last year, only 2,000 minor illegal immigrants were deported, this during a time when 90,000 kids are sneaking into the U.S. annually, which works out to about 350 children per day

Asian equity markets see gains in overnight trading, as bond yields decline around the globe


Fred Kaplan: This is not our war -- the United States should help others defeat ISIS, but not do much more


MSN Money: Can you get the same returns with only half the risk?

Actually, the answer to the above-mentioned question is a flat no; unless you are good enough to buy and sell a particular investment at just the right time. Sorry, nothing in life is easy


The New York Attorney General has filed a fraud suit against Barclays PLC over its representations with respect to the safety of dark pools

Are drones for commercial use legal in your state? This map will answer the question. At present, there is no Federal law


Therese Poletti: By 2024, drones will rule the world. Okay, not exactly, but it's fun to talk like that


Cody Willard: Here are the three best stock picks for the drone revolution.  He's serious


CNBC: Are employer/employee noncompete clauses getting out of control in America?


                                "Drunk In Love"

Wednesday, June 25, 2014
Dow closes with a 49 point gain as the Wall Street market participants shrug off the news about the huge contraction in the  U.S. economy


Commerce Department: The U.S. economy contracted at an annual rate of 2.9% in the first quarter, which is the worst quarter since 2009. Notably, in September, 2008, the month of Lehman Brothers' collapse, the quarterly contraction was only 2.2%

Asian stock markets were mostly bearish in overnight equity trading

The Buzz: Fed Chair Janet Yellen has many friends on the Board who share her views of the U.S. and world economy


The Obama Administration has quietly allowed American oil companies to sell unrefined U.S. crude oil overseas, thus reversing a policy that had been in effect for four decades


Fox News: Speaker Boeher plans to file a lawsuit against President Obama that alleges abuse of the President's executive power


Why Rhode Island is regarded as the most business unfriendly state

German Chancellor Angela Merkel warns Russia's Putin that more sanctions may be in his country's future concerning UIkraine


The value of media company stocks surged after the Supreme Court's ruling with respect to the business model of Aereo


Washington Times: The Supreme Court today has struck down warrantless searches of cell phones at the time of an arrest, unless the police suspect that the cell phone may be a weapon


An intelligence official has stated that the United States has a relationship of convenience with ISIS that is much too supportive


                   
                                          
"Be Ever Wonderful"
                                               "Imagination"


Tuesday, June 24, 2014
Dow loses 119 points and the S&P 500 also falls, despite positive economic news on several fronts


Conference Board: U.S. consumers are at the most confident  level in six years regarding current and upcoming economic conditions

 
BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards.        This is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children.  Too bad the Republicans and Democrats cannot cooperate on anything of substance under the Sun

The Telegraph: The scandal of fiddled global warming data. The United States has actually been cooling since the 1930s

Capital Report: Scarcity of water is a key worry in a recent  White House climate change report

                               Is the planet's climate changing?
                                              Is man the cause?

                                         
Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?

Is the climate change movement leading the Democratic party off a cliff that will haunt the party for a generation?
 


Summary of issues surrounding the Keystone XL pipeline


National Aeronautics and Space Administration:  Global climate change -- vital signs for the planet

Phil Plait: The Arctic ice death spiral.   There is no denying the fact


Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again recently, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

Is the Limbaugh assertion true?


The Economist: Climate science is a sensitive matter



                         It's a beautiful planet.  Let's keep it that way

  Lawrence O' Donnell returns to television with a very memorable and passionate soliloquy about crucial life lessons.   It is well worth watching
                                                 
Monday, June 23, 2014
Dow finishes the day with a loss of 10 points, but the S&P 500 powered on to a new record high

Rising oil prices, because of the brewing conflict in Iraq, spur concerns about whether energy costs could slow the world economy

World Net Daily: The IRS chief was scorched as a liar at today's hearings of Darrel Issa's House Oversight Committee

  
 
Sunday, June 22, 2014


      Naval Medical Center San Diego -- The Makers of Bionic Bodies
            The medical practitioners are all excellent and gifted
                               And the women are all good looking
                                  NMCSD is like a Hollywood movie

                                             
"Anchors Aweigh"

Thursday, June 19, 2014

Dow adds 15 points, S&P 500 hits a new record and gold has a big day with a gain of 3.5% for the precious metal


Text of President Obama's remarks today regarding plans for Iraq


Wednesday, June 18, 2014

Dow adds 98 points following the Fed's announcement that it maintain interest rates at current levels


Devastating new poll shows Americans believe that Obama can no longer lead the country


New York Times: Extremists are said to have taken control of Iraq's largest refinery


        
                                Avant and KeKe Wyatt: "You and I"

Tuesday, June 17, 2014
Dow closes up 27 points as technology companies have a good day


Pentagon captures Ahmed Abu Khattala, the top suspect in the 2012 Benghazi attack


Fox News: Battle-tested Kurds watch as ISIS routs the Iraqi army


Monday, June 16, 2014
Dow adds 5 points despite the situation in Iraq and uncertainty regarding the future price of oil


CNN World -- ISIS: The first terror group to build an Islamic state?


Friday, June 13, 2014
Dow manages a 42 point gain despite tensions caused by Iraq


President Obama says he will rule on military assistance for Iraq in the days ahead


William Watts: Five things you need to know about Iraq right now


Thursday, June 12, 2014
Dow loses 110 points as the focus of concern turns to fighting in Iraq


Violence in Iraq pushes Brent and WTI to highest levels of 2014


President Obama will not rule out the possibility of U.S. airstrikes in order to support Iraq's army


Fred Kaplan: Who's to blame for the situation in Iraq?  Nouri al-Maliki

The U.S. budget deficit in May was $130 billion after a big April surplus


Wednesday, June 11, 2014
Wall Street takes a breather in its bullish surge, and the Dow loses 102 points. The Nasdaq and S&P 500 also lost ground


Tuesday, June 10, 2014
Dow adds 3 points in a day characterized by a narrow trading range


Monday, June 9, 2014
Dow adds 19 points as both the Dow and the S&P 500 push further into record territory


Saturday, June 7, 2014

       
                                                 "I Want You"

                                         
"What's Going On?"


Friday, June 6, 2014
Dow adds 88 points following the better-than-expected jobs report, and Wall Street reaches new records on the Dow and the S&P 500


Labor Department: The U,S, economy added 217,000 jobs in May, and the unemployment rate remained at 6.3%

CNS News: The percentage of Americans not in the labor force -- 37.2% -- remains at a 36-year high


Fox News: Military officials urged the Obama Administration not to trade Taliban "four star generals"


 
       
                                   June 6, 1944
                                "Day Is Done"


Thursday, June 5, 2014
Dow adds 99 points in reaction to the European Central Bank's decision on interest rates



The European Central Bank marches into uncharted territory in an effort to spur growth: Negative interest rates


Federal Reserve: U.S. household net worth increased $1.5 trillion in the first quarter of 2014



Time.com: Behind the scenes of Bowe Bergdahl's release


MSNBC's Rachel Maddow: Returning prisoners at war's end is not a new idea



The story of Charles Robert Jenkins -- a deserter who was left behind


           November 4, 2014 -- Election Day

                            

This time, each person must take twelve people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute

Wednesday, June 4, 2014
Dow adds 15 points, the S&P 500 hits a new record, and the Nasdaq also gains ground



The richest Americans in history: No. 1 -- John D. Rockefeller, with an adjusted wealth figure of $253 billion



Fox News: The members of Bowe Bergdahl's old unit speak out



Rory Stewart: Afghanistan -- The Irresistible Illusion of an Unobtainable Victory


 
The circumstances of Sergeant Bergdahl's release have once again raised questions regarding President Obama's credentials in the field of foreign affairs.

It is interesting to me that Barack Obama has been twice elected as President of the United States without the great majority of the American people knowing his field of study at  prestigious, Ivy League Columbia University.

                        Do you know Barack Obama's college major?
   Answer: Political science, with a specialty in international relations

Tuesday, June 3, 2014
Dow posts a 21 point loss on the day, and the S&P 500 and Nasdaq also experienced small losses


Mark Hulbert: A June swoon in stocks is likely due to a drop in investor sentiment

Michael Ashbaugh: Charting the U.S. equity markets' next technical tests




                                       Do you recognize this man?
 

                                           It's time to get real


Fox News: Pentagon inquiry in 2010 concluded that Bergdahl was a deserter

New York Times: Bowe Bergdahl's vanishing before his capture by the Taliban angered his Army unit


Monday, June 2, 2014
Dow adds 26 points, and the S&P 500 also makes gains


Market Watch: Volume, VIX and yields are the three bogeymen haunting the stock market

 
New York Times: Unveiling new carbon plan, the EPA focuses on flexibility


New York Times: The Administration's carbon plan puts Democrats in coal states on the defensive


Fox News: Coal-state lawmakers rally against power plant emissions crackdown


Sunday, June 1, 2014
U.S. Army Sergeant Bowe Bergdahl released after being held as a POW for five years by the Taliban




Defense Secretary Hagel: Congress was kept in the dark concerning the prisoner swap because Sergeant Bergdahl's life was in danger

Republican Senator James Inhofe: Bergdahl prisoner swap could threaten the safety of Americans

The Weekly Standard: Five of the most dangerous Taliban commanders in U.S. custody were exchanged for Bergdahl's freedom


The Wall Street Journal: Lawmakers question deal behind soldier's release



                                 Summary of Sudan's history

Fox News: Miriam Ibrahim will soon be freed by officials in Sudan despite her conviction for apostasy


Mail Online: A desperate plea is voiced on an audio tape by one of the kidnapped Nigerian girls held captive by Boko Haram
 


                 
                          BRING BACK OUR GIRLS


                          "Rolling Down A Mountainside"
 
Saturday, May 31, 2014
Fox News: The Pentagon says that Russia has pulled most of its troops away from the Ukrainian border


Russia Today: Seven children injured in Slavyansk as the Ukrainian army shells residential areas

Russia Today: Kiev's acting Defense Minister Mikhail Koval says that military operations will continue in eastern Ukraine until stability is restored



                  Lalah Hathaway: "Forever, For Always, For Love"

Friday, May 30, 2014
Dow adds 18 points, and both the Dow and the S&P 500 close at record levels


Oil futures close down and log in their largest weekly loss in five weeks as the knowledgeable digest inventory data

Chicago PMI hits 65.5 in May trouncing the estimated figure of 61.0

          Gold: Always a good picture, but not always good to own

Steven Pytlar of Prime Executions: Sell gold now and buy equities

Center on Budget Policy and Priorities: Fewer people rely on food stamps, and government spending on the SNAP program is falling


  Fox News: Veterans Affairs chief Shinseki resigns as the scandal regarding his agency grows


Here is a list of the people who wanted VA head Shinseki fired and who also voted in 2013 against increased funding for the VA


Today, Mark Steyn, the guest host on Rush Limbaugh's radio show, referred to President Obama as having once said that there are 57 states in the United States. 
            What  was Mark Steyn telling Limbaugh's radio audience? 
                                          Answer: Propaganda

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union. 

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim

The example of right-wing propaganda that is related above is heard less now on talk radio than it was a few years ago, because now most of the current myths being echoed about the President concern the disinformation campaigns surrounding ObamaCare, Fast and Furious, and Benghazi

                
                                I heard on the Rush Limbaugh show that
                              President Obama thinks there are 57 states.
                          So that's what he thinks. Obama's such a dummy

Thursday, May 29, 2014
Dow adds 65 points, despite the report of a contacting economy, and the S&P 500 closes at a new record


Bloomberg News: The U.S. economy shrank 0.1% in the first quarter, marking the first contraction since Q1 2011

        
World-wide bond surge drives yields to one-year lows as evidence confirms an absence of inflation despite stimulus programs

Russia, Belarus and Kazakhstan form a new economic alliance


Chris Isidore: General Motors made $22.6 billion, but the U.S. taxpayers lost $10.6 billion.   What?


Howard Gold: Doom-and-gloom investors have been led astray by politics and need a reality check

Michael A. Gayed: Will there be a summer crash like in 2011 this year?



                                                                                                                                            "Too Close"

Wednesday, May 28, 2014
Dow slips 42 points, in trading that also saw small losses in the S&P 500 and Nasdaq


New York Times: "America must always lead", President Obama
tells West Point graduates


Video of the President's address today at West Point  

        
               

     In order to get a good report card, this is how Obama must start

Just in case anybody cares about what really happened:
 Much has been made of President Obama's statement on August 21, 2012 that the use of chemical weapons in Syria would cross a red line.

What has become overlooked, however, is the fact that the President did not say that a chemical weapons attack would necessarily trigger a military response by the United States -- instead, only the "calculus" of President Obama's assessment of the situation would change. It was not until later that pundits, political enemies on talk radio and supposed allies of the President demanded that the words meant that Obama was forced to attack the Assad regime or suffer a loss of face

A similar recurring theme from talk radio is the assertion that President Obama made an apology tour in which he defamed U.S. accomplishments. Is such an assertion true? Actually, the assertion is demonstrably false, but the claim has been very effective propaganda smearing the President.

     

MarketWatch: Eleven charts that explain the bull market and why stocks are at record levels

Mark Hulbert: Gold is in the process of sliding to a new low, just as contrarian analysts forecast at the start of the month

Fox News: The Inspecotr General of Veterans Affairs confirms that 1,700 veterans were on unofficial waiting lists at the Phoenix medical facility


John Nyaradi: Why you should get ready for a major market move


Patti Domm: Here's why markets should look past a quarter of negative GDP



                                         Do better than a jellyfish
    
              Famous last words -- loosely translated from Hausa:                                                       "They'll never find us here"

Tuesday, May 27, 2014
S&P 500 sets a new record close at 1,911.91, and the Dow adds 69 points to the upside

Commerce Department: April durable goods up a surprising 0.8%


European stock markets moved higher on Monday as the results came in from the European Union and Ukraine elections

The far-right parties posted strong gains in European elections

    Colin Cieszynski of CMC Markets: "The bottom has fallen out from under gold"

The Hill: Veterans Affairs has turned to private hospitals for help

              
                Summary of the May 25, 2014 election in Ukraine

Russia Today: There is alarm in Donetsk as people brace for attack by Ukrainian forces


FT.com: Barack Obama is accused of timidity overseas, thereby raising fear and anger among America's allies

President Obama says that the U.S. will complete its pullout of Afghanistan by the end of 2016

Afghan President Hamid Karzai refused to meet with President Obama during his surprise visit to the troops at Afghanistan's Bagram airbase on Sunday


    The Guardian: The White House inadvertently revealed the identity of the CIA's top agent in Afghanistan during the President's visit

Bloomberg News: A Vietnamese fishing boat was rammed by a Chinese vessel in the South China Sea


                                 Map of South China Sea region

 
                                      Islands of the South China Sea

Los Angeles Times: Nigerian Air Marshall Alex Badeh claims that his military knows the location of the abducted girls



                       
                          BRING BACK OUR GIRLS

              
      The World is actually a very small place. Ask Osama bin Laden 
                      

                           Monday, May 26, 2014
                                  Memorial Day


                                     "The Star Spangled Banner"

Friday, May 23, 2014
Dow adds 63 points, but it is the S&P 500 that steals the day as the index makes a new record close at 1,900.5

Thursday, May 22, 2014
Dow adds 10 points and the S&P 500 flirts with a new record close

Wednesday, May 21, 2014
Dow adds 159 points in a reversal of yesterday's trading, despite a continued focus on the retail sector

Tuesday, May 20, 2014
Dow loses 138 points as the market frowns on the retail store sector's earnings and warnings

CNBC: Four reasons why the U.S. is recovering, and leaving the rest of the world behind


Xinhua.net: Big Brother USA's spy charges against Chinese officials are absurd

Bloomberg News: China halts cybersecurity cooperation after U.S. spying charges

Monday, May 19, 2014

Dow adds 21 points to start the week, but today's most bullish action was in the Nasdaq


Fox News: The U.S. Department of Justice has brought the first-ever cyber-espionage case against Chinese officials


Russia Today: President Putin has ordered his troops back to their permanent bases after drills on Ukraine's border


Associated Press: Putin orders troops near Ukraine to return home


Joshua Keating: Learning to move fast and break things. Is the fear of failure holding back Chinese entrepreneurial activity?


 
BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards.  This is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children

 

Sunday, May 18, 2014
New York Times: Talks in the eastern city of Kharkiv aim to ease tensions in Ukraine

Russia Today: "Americans need to realize Ukraine crisis happened

Sunday, May 18, 2014
New York Times: Talks in the eastern city of Kharkiv aim to ease tensions in Ukraine

Russia Today: "Americans need to realize Ukraine crisis happened because of the U.S."

Swiss voters turn down a bid to establish the highest minimum wage on the planet: $25.00 an hour

Washington Examiner: Veterans Affairs official resigns as White House attempts to minimize the extent of of the scandal at the Nation's VA hospitals

   
                               "Stars"

Saturday, May 17, 2014
New York Times: In taking Crimea, the Russians may have gained a sea of fuel reserves potentially worth trillions of dollars

Russia Today: Loud blasts and gunfire were heard in Slayvansk throughout the day, as Kiev forces were active all around the city's outskirts

U.S. Department of State, Bureau of Counterterrorism: Compilation of the current 59 Foreign Terrorist Organizations and the nine organizations that have been delisted


                          What is Boko Haram?

    A short history of the Federal Republic of Nigeria


                           "Keep Your Head To The Sky"

Friday, May 16, 2014

Dow closes the trading session with a gain of 45 points, but the week as a whole was a loss


Philadelphia Federal Reserve: A survey of economists suggests a stronger second quarter for the U.S. economy

The World's largest democracy: India's Congress party concedes defeat by Narendra Modi, of the Hindu nationalist Bharatiya Janata party, in the race for Prime Minister

                     
       History of the Republic of India, a nation of 1.2 billion people


Modi victory boosts Mumbai Sensex index to a record close due to his party's reputation as business-friendly

Ralph Acampora: "I have a sick feeling about this market"



The Russell 2000 has fallen into correction territory, but that range of price movement  is not unusual for the small cap index

Market Watch: You can say goodbye to capitalism as we know it because of proactive consumerism


Business Insider: Pentagon press conference turns into a heated debate between top U.S. and Chinese generals


New York Times: The Inspector General of the Department of Veterans Affairs is working with Federal prosecutors in an investigation of hospital practices



                   
     Are the Administration's modifications of ObamaCare illegal?                                                          Answer: No
                                      
Summary of the general use of executive orders by American presidents

The most important point to realize, with respect to the series of modifications of the Affordable Care Act, is the fact that the modifications, although perfectly legal, are not based upon a President's authority to issue executive orders. The actual authority to make modifications of the Affordable Care Act is found in the language of the Affordable Care Act. The statute grants extensive discretionary power to department heads, such as the head of Health and Human Services and the Internal Revenue Service, to enact administrative laws that delineate ObamaCare's provisions 

It is not unusual for Congressional legislation to grant discretion to the heads of Federal agencies charged with the implementation of such laws to enact regulations that specify the otherwise general terms of the law. That is what is happening here with respect to the roll-out and operation of ObamaCare.

The modifications are not lawlessness or the start of an Imperial Presidency. Sorry, right wingers -- there is no wrongdoing here


  Summary of the principles of administrative law in the United States

 

  

 
  
How can a person discern whether a media story is propaganda?

                            Before                                                    After

   The propagandist wants the viewer to arrive at a certain belief

The two pictures above are of  the same woman. But there has been no miracle diet here. The two pictures were taken 15 minutes apart.
      The "hot babe" is simply standing in a slightly different way

Thursday, May 15, 2014
The pendulum swings back: Dow loses 167 points as talk of fear returns to the equities markets


Michael Sincere: Stocks are telling you that a bear market is coming, and the end to the five-year bull run may be choppy and sloppy

Patti Domm: The markets are attempting to navigate a sea of economic data, and many are concerned that rising rates on bonds will eventually sting the stock market


New York Times: Close races in four Southern states could tip the balance of power in the Senate

 Senator Mark Pryor of Arkansas is a two-term incumbent who needs your support now and on November 4, 2014   As many are aware, you do not have to be a resident of Arkansas to provide financial support. Write and mail a check today

                
                    What happened to all that talk about
                     the Fast and Furious gun-running situation?

It's still around; mostly on right wing talk radio where people manage to deftly ignore the fact that the entire GOP herd is standing in a tar pit regarding this controversy. 

Someone on the side of the Democrats should yell: "The whole herd is in the anti-gun control tar pit!! It's Checkmate!!" 
The truth about Fast and Furious is a far different story than the PROPAGANDA tale told for so long by Republicans such as Congressman Darrell Issa 

The reason why reality dictates that the GOP has placed itself into a tar pit requires a sentence or two in order to explain. 

The critics of Fast and Furious have insisted that allowing guns to flow into the hands of Mexican criminals was, to put it mildly, unacceptable. Their criticism was directed at the Justice Department for allowing this outcome to occur. However, the reality is Arizona gun laws compelled the ridiculous outcome, and the hands of the Justice Department and ATF agents were tied by Arizona's statutes. 

The problem is not the Justice Department; the problem is the gun law regimen in Arizona. 

Thus the tar pit: Is the GOP now going to demand changes in the Arizona gun laws, since they were so critical of the outcome when those laws were applied. 

Albeit that criticism was when those leaders thought the outcome was a Holder Justice Department folly?
 
As party leaders ponder that point while stuck in the tar, Rep. Issa is not to be deterred in his quest to not know the truth

     

Wednesday, May 14, 2014
Dow slips 101 points, as the Industrials Average's winning streak ends at five consecutive days of gains

Marco Rubio: Here are five ways to fix Social Security

New York Times: Close races in four Southern states could tip the balance of power in the Senate

  Alison Lundergan Grimes is cmpaigning for the Senate in Kentucky against incumbent Senator Mitch McConnell.   The race is very tight. Write and mail a check to her campaign today

Fox News: American drones scour Nigeria looking for the kidnapped schoolgirls, but the 1997 Leahy Amendment is affecting the effort

                                     A Trip Down Memory Lane
                                             October 25, 2012
Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 

Tuesday, May 13, 2014
Dow adds 20 points, as both the Dow and the S&P 500 finish the session  at third straight record closing highs


Gold futures closed modestly lower today, and the price remains  stuck below $1,300

Jeffrey Kleintop: A bear market will not appear until the yield curve says that it is time


China responds to a recent U.S. probe regarding its solar industry's imports to America.  The United States is attempting to deny the reality that China beat the United States to the invention of the best solar panels on the planet

                      Artist conception of a 2016 Chinese solar-powered community


   
This artist conception looks like a page taken from science fiction


 Why did Solyndra go bankrupt?

Solyndra failed because China developed a superior solar panel technology in a government-subsidized development program at the cost of over $30 billion dollars

It is ironic that the collapse of Solyndra is being touted by critics of the Obama Administration as evidence that the U.S. government should not subsidize private enterprise, since governmental green energy subsidies lead to nothing but failure, according to the right wingers.    The proponents of the right-wing theory purposefully overlook the fact that it was a government-sponsored development program that catapulted China's success in the solar technology field


NBC News: The Antarctica ice sheet is disintegrating and appears to have collapsed




                   Today, Rush Limbaugh stated to his radio audience:
                "There has not been any global warming for 17 years --
                                                 zero, zilch, nada"

New York Times: The parents have been able to identify some of the children in the video released by Boko Haran


Fox News: Nigeria weighs the option of making a prisoner swap with the terrorists, while the U.S. sends in surveillance aircraft


   
                                            "God Bless The USA"

Monday, May 12, 2014
It was a bullish day at the corner of Wall Street and Broad: Dow and S&P 500 set new record highs


Russia calls for respect from the international community for the vote of secession in Donetsk and Luhansk. where preliminary returns indicate a favorable vote of 89% and 96%, respectively

Fox News: The Kiev government denounces the secession referenda as a "farce", as Moscow calls for dialogue

New York Times: Russia keeps its distance following referenda in two areas of eastern Ukraine have approved independence

Our tax dollars at work -- misconduct, corruption and waste at the taxpayers' expense


                       

Video: The Federal government wastes a lot of money

Bloomberg: The EPA has taken the first steps towards the regulation of fracking chemicals

Reuters: The U.S. Treasury Department recently made 50 modifications to the Foreign Account Tax Compliance Act, which is designed to thwart tax evasion by parking money offshore in places like Switzerland  The law takes effect on July 1, 2014


  Beforeitsnews.com: Red Alert!  Economic collapse on July 1, 2014.  Find out why & how -- Communism is at the door!  See & share!   This link is to an example of a genre of financial advice that has become increasingly common over the last decade. Usually this genre is selling either precious metals or the fear of an apocalypse, which is designed to steer the gullible towards fundamentalist Christianity. Another industry that engages in the use of "the sky is falling" sales pitch are those bandits who are selling products that are either flatly illegal or riding the line of illegality -- such as secret foreign bank accounts.  In this link, Bible verses are used in an attempt to raise credibility.

Beforeitsnews.com is crazy talk -- brain dead fear porn.  I suspect that after the Obama Administration is over this genre will recede in popularity, since its usual proponents are right wingers who are attempting to hold back the U.S. economy in order to prop up the price of silver and gold, or to torpedo the success of a Democratic administration in the hope of returning the Republicans to the White House



      U.S. aircraft tangles with Russian warplane during the Korean War

The above link is not meant to be boastful or provocative. A person's death -- probably -- is depicted in the picture of the Mig-15 being shot down. The pilot was a son, maybe a brother, maybe a father. How sad. And for what? War is a terrible thing that should not be glamourized. Warfare should not be casually undertaken by anyone, especially when one instigates hostilities  against a country with an ardent warrior culture, like the United States of America




                             M83 featuring Susanne Sundfor: "Oblivion"



Sunday, May 11, 2014
Russia Today: Early results show landslide support in Donetsk and Lugansk regions for self-rule


New York Times: Ukraine vote on separation held in chaos


CNN: Voting proceeds in the eastern part of Ukraine, and some irregularities have been observed


Russia Today: The Donetsk and Lugansk regions vote on the issue of self determination


Russia Today: Kiev troops roll through eastern Ukraine in a bid to stop today's voting


Russia Today: There was a fatality and injuries in Krasnoarmeysk as the national guards opened fire on protestors and voters





CNN: Nigerian girl who managed to escape from her Boko Haram captors says that she is still afraid




                       BRING BACK OUR GIRLS

Saturday, May 10, 2014


                                       Dear Mr. President:

Your opponents are demanding an item of information, much like when the opposition demanded to see your birth certificate. You remember that, right?

The solution, at this point, to a large part of the controversy over the 2012 attack on our facility in Benghazi is really rather straightforward.

Answer this question before the media at your next large public event: "Where were you, Mr. President, on the evening of September 11, 2012?" Remember that old rule: There is no situation so bad that it can't get worse®



Fox News: Emails reveal that personnel at Veterans Affairs hospitals were taught how to manipulate records in order to game the system


Russia Today: East Ukraine's regions are gearing up for tomorrow's referenda on independence



Russia Today: Pro-separtist checkpoint in Slavyansk has come under attack by gunfire and mortars



New York Times: Amid much uncertainty, separtists are preparing for a vote tomorrow in eastern Ukraine






            Another perfect day in the Paradise of San Diego

                              "This is It"

Friday, May 9, 2014
Dow adds 34 points and closes at a new record high of 16,583.3

Federal Statistics Office: Germany's exports declined in March, and  as a consequence, the country's trade surplus was lower than previously forecast levels

Nouriel Roubini: The world is at the very start of a new credit bubble.     Mr. Roubini is infamous for his willingness to make predictions that later turn out to be folly.    Six more risks that are causing Mr. Roubini to lose sleep

United Press International: House votes to form a select committee to continue the investigation of the  2012 assault in Benghazi
 

DC Decoder: House Democrats consider the option of boycotting the Beghazi select committee  I'll tell you the real reason why House Democrats are considering the possibility of a boycott: They do not want to prepare for the daily rigors of committee hearings -- they are just a bunch of flat out lazy people who routinely are not prepared to speak on the important issues of the day. The Democrats should fully participate in the Benghazi select committee investigation, and the Democrats should do their homework -- for a change, rather than relying on polemics.
                                        
                                               It's time to get real


                   A few true words about the Benghazi video

It has been very clear for many months that the attack on the U.S. consulate in Benghazi was not prompted by the video "Innocence of Muslims", which was produced in the United States by Nakoula Basseley Nakoula. The fact that the Obama Administration initially made that claim is being cited continually by right wing critics as the foundation for their allegations of a cover-up by President Obama of a foreign policy failure.

Lost in the right-wing's critique, however, is the fact that the blasphemous video spawned incidents and protests in at least 39 countries - not including Libya - that led directly to the deaths of at least 101 people, including at least two Americans.  Instead, the right wingers prefer to focus on the fact that the incident in Benghazi was not related to the video, and deride the jailing of Nakoula as an effort by Obama to pin Benghazi on the video. There is huge irony in the fact that Benghazi was an incident that was not caused by the Nakoula video, even though it occurred during a time period when there were dozens of fiery uprisings by Muslims around the world that were definitely caused by the Nakoula video.



 Notably, in a September 16, 2012 attack at Camp Bastian, located in Afghanistan's Helmand province, a  Nakoula video-inspired assault led to the deaths of two U.S. Marines, the destruction of six U.S. Marines Harrier jets, as well as an Air Force C-130 transport plane -- valued in excess of $180 million -- and other injuries and property damage.

One frequently hears on Fox News the names of the four souls whose lives were lost in Benghazi. The Republicans continually bang the drums of cover-up regarding their deaths; they posture the argument that the four families need to know the truth that the video had nothing to do with the death of their loved one. What you never hear on Fox are the names of the two  U. S. Marines whose deaths were prompted by the Nakoula video: Lt. Col. Christopher Raible, 40; and Sergeant Bradley Atwell, 27.

In fact, Nakoula's adoption of a false identity to produce the video and his use of You Tube to post it online were clear violations of the terms of Nakoula's probation from an earlier bank fraud conviction. If violating one's probation in a way that results in the deaths of 101 people and the destruction of more than $180 million of U.S. taxpayers' property does not land a person back in prison for probation violation, then I really don't know what would put a man back behind bars who was out of the slammer on probation. 


                                     Jackasses of the Debate

Apparently, however, opinions can vary widely with respect to the severity of Nakoula's actions. For example, right wing talk show host Roger Hedgecock has stated to his radio audience that he feels Nakoula's punishment should have been no more than a $500 fine, and Rush Limbaugh tells his audience on a regular basis that Nakoula was unjustly jailed by the Obama Administration in its effort to construct a diversion from the "real Benghazi story".

According to Limbaugh, Hedgecock, many Republican politicians and commentators, and most of right wing media, President Obama's reelection prospects would have been destroyed if the American people knew in November, 2012 that the Benghazi attack was committed by an offshoot of Al Qaeda.

Limbaugh and Hedgecock -- as well as most of the right wing media -- pretend to be Realists who closely and objectively examine all the facts of an issue. Right wingers are not Realists; they are propagandists who are manipulating and twisting their audiences with carefully chosen words and issues. The twisted people who are followers of right wing media wind up with a pretzled view of a world that does not exist
                                   
                              Therefore, Limbaugh and Hedgecock
                                             Are hereby crowned
                                         Jackasses of the Debate

Jason Furman, who is the Chair of the President's Council of Economic Adviser, was indicated some criticism of Thomas Piketty's "Capital in the Twenty-first Century"


                                 Chante Moore: "Candlelight and You"

Thursday, May 8, 2014
Wall Street got off to a bullish start, then trading in the Nasdaq and S&P 500 struggled to a loss, but the Dow managed a 32 point gain

Two economic trends that Fed Chair Yellen calls "disturbing" -- trends that the Fed has little power to correct

European Central Bank President Mario Draghi may have broken with that institution's tradition of never precommitting to future interest rate moves

Congressional Budget Office: The Treasury Department collected a $114 billion surplus in April, which is the highest surplus for the month of April since 2008

  As always, gold makes for a pretty picture, but buyer beware. At this point, a purchase of gold is a bet that a significant war will break out in Ukraine. Be advised that a friend of mine whom I trust, who lives in Russia, told me yesterday:                         "The Russian people are all praying for peace." 

                                 Campaign 2014
                        It doesn't get any more important than this

New York Times: Close races in four Southern states could tip the balance of power in the Senate


Mary Landrieu is battling to retain her Senate seat representing Louisiana     Senator Landrieu's life story should inspire all people of goodwill to rally to her support.   Write and mail a check today


Capital Report: Scarcity of water is a key worry in new White House climate change report

                               Is the planet's climate changing?
                                              Is man the cause?
                  
Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?

Is the climate change movement leading the Democratic party off a cliff that will haunt the party for a generation?
 


Summary of issues surrounding the Keystone XL pipeline


National Aeronautics and Space Administration:        Global climate change -- vital signs for the planet

Phil Plait: The Arctic ice death spiral.   There is no denying the fact


Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again recently, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

Is the Limbaugh assertion true?


The Economist: Climate science is a sensitive matter



                        It's a beautiful planet.  Let's keep it that way

Fox News: Clinton's State Department resisted labelling Boko Haram as a terrorist organization in 2011

New York Times: Some of the separatists in Ukraine have vowed to proceed with the autonomy vote

Russia Today: Russia holds military drills designed to repel a nuclear attack   Earth to Russia . . Earth to Russia . .  .:   Really?   This type of headline is not helping anything, Moscow.  Seriously, isn't the Russian populace alarmed enough already?  Good grief

 
                                         "Take My Breath Away"

Wednesday, May 7, 2014
Dow surges 117 points, but the Nasdaq turns down for the day's trading, as the blue chips diverge from the technology sector

Fed Chair Yellen cites housing and geopolitical tensions as economic risks that might impact the U.S. financial markets

   
Long-term Treasurys are up slightly in yield ahead of today's Congressional testimony by Chair Yellen and this afternoon's auction of $24 billion in 10-year notes

MSN Money Partner: Are we in a tech bubble all over again?  Here are some points to consider

Michael O'Rourke: The U.S. stock markets may be the walking dead

 
Alibaba Holdings Inc. has embarked on the first step of what may be the largest technology company IPO of all time

A court has ordered Thailand's Prime Minister Yingluck Shinawatra out of office on a corruption conviction, but the Bangkok stock exchange has seen only minor losses in response to the news

                           The rule of law is intact in Thailand

   This is how a $4,000,000,000,000 second Cold War begins
U.S. Air Force General Phillip Breedlove: NATO must now consider stationing troops permanently in eastern Europe because of Russian actions regarding Ukraine   Just because he's a general, that does not mean he has any true wisdom. Trust me, I was in the Air Force for four years, I can testify with firsthand experience about how dumb and lazy generals can be and still be a general in the U.S. Air Force.  Scroll down and take a look at the commentary concerning the Air Force's War on Drugs during the 1970s, which is described in the text in this blog for January 28, 2014

                                  Campaign 2014
                                    It doesn't get any more important than this 
New York Times: Close races in four Southern states could tip the balance of power in the Senate

   Senator Kay Hagan is in a close race for reelection in North Carolina.     It's time for Realists and all people of good will to write a check and mail the check today. You do not have to be a resident of North Carolina to support Senator Hagan financially. Residents of North Carolina: Get out there and vote in November, and each one should take nine others to the polls with them. It's time to get real

New York Times: Putin announces that he has pulled troops back from the Ukraine border in order to ease tensions in the region

Russia Today: Putin calls for the government in Kiev to cease its military operations and reign in right wing nationalist, in addition, the Russian President has asked the pro-Russian separatist movement to postpone its May 11 referendum regarding sovereignty


               F-22 Raptor -- the World's baddest jet fighter

    In any conflict, the United States would own the sky

Tuesday, May 6, 2014
Dow falls 130 points, in tandem with losses on the Nasdaq and the S&P 500, as the Bullish Tuesday streak ends at eight

Commerce Department: The U.S. trade deficit narrowed in March but not enough to help the country's GDP

Dr. John Holdren, Assistant to the President for Science and Technology, discusses the National Climate Assessment

Marine Cole: The housing slowdown has hit the large U.S. banks

Maya MacGuineas: The deficit is shrinking, but this is not the time to become complacent

European markets advanced overnight on the strength of solid earnings reports from UBS and BMW

            Pat Buchanan: Is Red State America seceding?

Is this the solution to the Ukraine crisis?  Let the people in each region vote on their future, or, at least, take a national vote in the very near future on the issue of continuing as a unified and independent Ukraine.  Vote before a full-blown civil war erupts
      The answer would be  -- Democracy.   What a novel thought 


It will be important that the elections are free and fair; all the parties must agree to refrain from any form of voter intimidation. Plus, all the parties must agree to respect the outcome of the vote. That's it -- the vote decides: The conflict is resolved. Everybody go home. There's nothing more to see

RIA Novosti: Ukraine's Donetsk could forego the May 25 presidential election in favor of a May 11 referendum on the question of forming an independent people's republic    

UNIAN: Alexander Turchinov does not exclude the possibility that a referendum on federalization could be held on May 25 

New York Times: In the Ukraine conflict, the country's presidential election takes center stage

Russia Today: Foreign Minister Sergei Lavrov comments that new talks on the crisis in Ukraine are doubtful unless all forces in the country are present at the negotiating table

The Russian Defense Ministry has announced a build-up of ships, troops and surface-to-air missiles as a part of the Black Sea fleet off Crimea


     All the World's people have the right to stand in the Sun

                                                                    "Imagination"


Monday, May 5, 2014
Dow picks up a gain of 18 points, although the market got off to a rocky start early in the trading day

Economists at the European Commission, the European Union's executive arm, have predicted a gradual economic recovery for the region through 2015 that will reach even the most vulnerable countries

Jeff Reeve's Strength in Numbers: Nine reasons the U.S. economy is stronger than you think -- it might be time to push aside the doom-and-gloom crowd and expect to see a return to normalcy -- finally

The Economist: The decline of deterrence  A more appropriate title for this article in the Economist would be: The fairy tale of how the strongest military in the history of the World is actually weak and not at all frightening to any potential foe

Boko Haram claims responsibility for the kidnapping of more than 200 young Nigerian school girls on April 14th

Slate Magazine: Nigerian First Lady denounces protests regarding the 223 kidnapped girls, and orders the detention of the protesters

          A short history of Nigeria, Africa's most populous country


           
All Americans should realize the three facts that most Russians already realize: First, Vladimir Putin has lost forever most of Ukraine to the West. Second, Russia's current fomenting of unrest in the east and south of Ukraine are only acts of futility and weakness, as well as a callous disregard for human life and the welfare of Ukraine. Third, the Western powers also have a callous disregard for human life and the welfare of Ukraine. That is how modern day civil wars happen 

                                        It's time to get real

                   
                                Summary of the history of Ukraine

Christian Science Monitor: Could Estonia be the next target of Russian annexation  The better question would be: Could a part of Estonia  -- such as Ida-Viru County -- on its own accord ask for annexation by Russia?

Jerusalem Post: The Odessa, Ukraine Jewish community mulls emergency evacuation on the grounds that the future looks very violent

New York Times: Kiev struggles to break Russia's grip on the flow of $20 billion of natural gas annually through Ukraine to Europe

Fox News: At least four people are dead as Ukraine mounts a military offensive in Slovyansk and Odessa

Russia Today: Dozens have been injured and there have been fatalities on both sides in the ongoing military operation in Slovyansk 


                                              "My Baby's House"

Friday, May 2, 2014
Dow slips 46 points despite a strong jobs report, and the Nasdaq and S&P 500 also fall but to a lesser extent

U.S. economy added 288,000 jobs in April, and the unemployment rate fell to 6.3%, which is the lowest level since September, 2008

Bureau of Labor Statistics: Labor force participation projections in 2014 are dominated by retiring Baby Boomers, not frustrated job seekers leaving the marketplace

Census Bureau: America is growing older at an accelerating pace

AstraZeneca rejects Pfizer's $106 billion acquisition bid as inadequate

Mark Hulbert: Gold is more likely to fall in value, despite the effects of tensions in Ukraine

An interactive comparison of income and social security tax rates among developed countries

      
     Is the country experiencing a channeling by conservatives of the                                   plot in Ayn Rand's "Atlas Shrugged"?
 
          Summary of Ayn Rand's Objectivist opus "Atlas Shrugged"

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 53 years

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many employees as possible -- giving a long-term unemployment problem to the U.S. economy, such as we have experienced over the last six years. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecok and Neal Boortz


NBC News: Ukraine crisis turns deadly as dozens of people are killed in fire

Russia Today: Thirty-one people die after radicals set fire to the Trade Unions House in Odessa

Thursday, May 1, 2014
Dow loses 22 points in a wait and see day of trading in advance of the release of employment numbers tomorrow

Thanks to ObamaCare, more companies are likely to dump the health care benefit offered to workers



Fox News: Top Republican lawmaker challenges yesterday's testimony by an intelligence official concerning Benghazi, which was very critical of the Obama Administration's handling of the 2012 attack

Video of Press Secretary Jay Carney responding to questions from Jon Karl of ABC News about an email concerniing Benghazi disclosed pursuant to a Judicial Watch Freedom of Information Act request 

   200 kidnapped Nigerian girls are being forced to marry their Boko Haram captors What is Boko Haram?


Wednesday, April 30, 2014
Dow adds 45 points and reaches 16,580.84 --  a new all-time closing high, despite a Bureau of Economic Analysis report that indicates a slowing economy

Harsh winter weather during the 2014 first quarter slowed the U.S. economy to near stall speed

Fed looks past a weak first quarter and reduces the taper by $10 billion to a total of $45 billion per month

Oil futures settle below $100 per barrel due to record U.S. crude inventories

 
Financial Times: China is poised to pass the U.S. and become the world's largest economy this year.  The sky isn't falling.  China has held the title of the world's largest economy for 18 of the last 20 centuries

International Monetary Fund: The Russian economy is in recession right now, and the Ukraine sanctions will make the situation worse

New York Times: Sanctions revive the hunt for Putin's secret fortune. Is Russia's Putin the richest head of state in world history?

New York Times: The Ukrainian president says that his armed forces are helpless against the militias in eastern Ukraine

Russia Today: The Ukrainian army is on full alert, but the Ukrainian president admits the east is beyond control

                                 
                                                          "Nothing On You"

Tuesday, April 29, 2014
Dow adds 87 points as Wall Street turns in its seventh consecutive bullish Tuesday

New York Times: One city falls to pro-Russian militants; a mayor is shot in another city

New York Times: The European Union has ramped up its sanctions regarding Ukraine 

                                   
                                         Vladimir Putin's life story

Small man syndrome -- the psychological phenomenon that might drive the 5 foot, 5 inch tall leader of a country

Russia Today: Anti-Kiev protesters take control of  government buildings in the Lugansk region


  Any adversary who knows aircraft would find this picture extremely scary

                   True strength is not a psychological phenomenon

Monday, April 28, 2014
Dow adds 87 points to close out a day of mixed economic and geopolitical currents

New York Times: The U.S. announces new Ukraine sanctions on Russia

Russia Today: There has been gunfire, explosions and fierce fighting in Donetsk between groups for and against the Kiev government

Russia Today: Russian officials say the sanctions will make Russia stronger

Friday, April 25, 2014
Dow falls 140 points, but the loss on the Nasdaq was twice as bad

Dean Baker: The one reason why bond prices will not collapse

New York Times: The Kiev government says it will blockade pro-Russian militants

Russia Today: Ukraine army launches next stage of its operation to isolate Slavyansk in the eastern part of the country 

Daily Ticker: Why new sanctions imposed upon Russia will fail to stop Putin

Radio Free Europe: Prime Minister Arseny Yatsenyuk of Ukraine says Russia aims to start World War III   Yes, he really said that

Thursday, April 24, 2014
Dow closes unchanged as the market weighs earnings against geopolitical tensions

U.S. durable goods orders jump 2.6% in March, for the best performance in four months

Obama warns that sanctions against Russia are teed up concerning Ukraine

Russia Today: Russia has been forced to launch military drills near border in response to the West's Ukraine operation


Food stamps for cows: Chris Hayes examines Federal subsidies for ranchers like Cliven Bundy


Steve Ellis of Taxpayers for Common Sense: Part II -- How the government subsidizes ranchers

Cattle rancher Cliven Bundy savors the audience that rallied to his side -- and comments on "the Negro" and slavery       Crazy people are oftentimes delusional -- they only see what they want to see; they only believe what they want to believe. Right wing commentators, such as Sean Hannity, were slow to realize that Bundy is a philosophical nutcase, despite repeated and obvious clues before the New York Times article was even published. What's worse: Birds of a feather flock together -- there were hundreds of followers massed in Nevada and all over right wing media.


Text of 2013 Federal court order regarding Cliven Bundy  The cattle rancher's position in this dispute is just short of clinical delusion when compared to reality -- to the actual facts and settled law. Today, Sean Hannity finally realized that Bundy is nuts. When will Hannity -- and virtually the entire right wing media --  realize that the hair on fire "Federal government out of control" meme is itself borderline nuts? 

             The roots and context of Cliven Bundy's nutty beliefs 

Wednesday, April 23, 2014
Dow slips 13 points amid mixed economics data and earnings news

U.S. sales of new single-family homes plunge a surprising 14.5% in March


Craig Stephen: Chinese demand for gold is vulnerable to a reversal in the yuan carry-trade

  
Today, the fill-in host on the Rush Limbaugh show told his radio audience that the 1994 Budapest Memorandum obligates the United States to defend Ukraine from Russian aggression, and the failure to do so is a sign of U.S. weakness under President Obama.   Does the 1994 Budapest Memorandum require that the United States give military assistance to Ukraine?   Actually, there is no such requirement 

Fox News: U.S. troops arrive in Poland for exercises across eastern Europe

Russia Today: The coup-appointed government in Kiev issued a criminal order allowing use of weapons against civilians, and the U.S. is running the show behind the scene

Tuesday, April 22, 2014
Dow adds 65 points on the strength of good earnings and a proposed acquisition in the pharmaceuticals industry

                            
                                         Who is Tom Steyer?

Tom Steyer: The Keystone decision will not define President Obama's environmental legacy

Newsmax: The "Tom Steyer veto" delays Keystone pipeline decision

Washington Free Beacon: U.S. releases another $1 billion to Iran 

With sharp rebuke to Russia, Vice President Biden offers strong support to Ukraine

Neil MacFarquhar: Under Russia, life in Crimea has become chaotic

Monday, April 21, 2014
Wall Street meanders to a 41 point gain on the Dow ahead of this week's earnings reports

Evidence links masked men in eastern Ukraine to Russian armed forces

                            Sunday, April 20, 2014
                                        Easter

                                    "Emmanuel"

Friday, April 18, 2014
The Federal Reserve's enormous balance sheet set forth in seven charts

After a very strong 2013, the earnings season starts rough for the health insurance companies

Pro-Russian separatist leader vows to ignore the Geneva pact on Ukraine

    
Rachel Maddow discusses the media hype over Cliven Bundy    Memories of Waco and Ruby Ridge are spawned by the standoff in Nevada

Thursday, April 17, 2014
Dow loses 16 points on the day, but the Dow added 2% over the course of the week's trading

New York Times: The U..S. and Russia agree on a pact to defuse the Ukraine crisis

Wednesday, April 16, 2014
Dow gains 162 points following positive news from Chair Yellen, as well as good earnings and economic data

New York Times: Citing Russian moves, NATO plans new deployments

Tuesday, April 15, 2014
It was another roller coaster ride, but the Dow closes the day up 89 points 

Gold drops over 2% under the weight of a stronger dollar and fears of less economic activity in China

Treasurys rally to 2.61% as the conflict in Ukraine intensifies

Jordan Weissmann: The rich are paying more taxes -- the horror!

  New York Times: Dozens of Nigerian school girls have been kidnapped by Boko Haram   What is Boko Haram?


                        Today, Sean Hannity told his radio audience that the United States should have shot down the Russian airplane that flew near a U.S. destroyer sailing in the Black Sea several days ago. Sean Hannity is exhorting craziness in his listeners

According to Hannity, the Obama Administration is weak, and because of Obama's alleged weakness, Russia views the United States as a pushover. Hannity claims America's weakness is proven by the annexation of Crimea; Moscow's posturing across the eastern border of Ukraine; and, now, a Russian pilot has flown a 1970s fighter jet 1/2 mile away from one of America's warships -- 12 times over a 90 minute period.

What Hannity is not telling his audience is that most Russians do not look upon the United States or Obama as weak. In fact, the great majority of Russians look upon the United States as militarily and economically far more powerful than Russia, and they view Obama as a leader who has frequently used military force to accomplish goals. The average Russian would say that Obama is a person to be feared.

If more of Hannity's followers actually monitored Russian society, they would realize that Hannity's claims of a Russian perception of American weakness are actually nothing more than bogus, reckless attempts to discredit Obama.  
  

Sukhoi Su-24 Fencer is an obsolete aircraft typical of Russia's military, but it's great for flying near a ship when no one is actually trying to shoot it down  

Monday, April 14, 2014
Dow gains 146 points in a seesaw bounce back rally following the steep losses of last week

Congressional Budget Office: The projected U.S. budget deficit for 2014 is $492 billion

Congressional Budget Office: Updated estimates of the effects of the  insurance coverage provisions under ObamaCare

Text of 2013 Federal court order concerning Cliven Bundy and his cattle.  The fact of the matter:  Hundreds of people who were massed in Nevada last week are probably thankless regarding the Obama Administration's prudent and enlightened decision to treat those posse comitatus crazy people with kid gloves. Why? The reason is an act of humaneness, not one of fear or surrender: In order to prevent those delusional people from getting hurt or hurting Federal employees

  Cliven Bundy's beliefs are those of the Posse Comitatus movement


                   Showtime Premiere: "Years of Living Dangerously"

Friday, April 11, 2014
Dow loses 143 points as the bears continue to run the market on Wall Street

Economists struggle to make sense of the March jump in producer prices

Consumer sentiment is measured at its highest level in nine months

Jim Cramer: Ten signs that a bear is stalking the market  -- the unknown unknown is the problem

The Daily Ticker: Can U.S. energy policy become a secret weapon against Russian actions in Ukraine?

New York Times: Conservative spending on negative ads in Senate races has Democrats playing defense

Jamelle Boule: Jim DeMint's near-delusional version of American history is a reflection of his Christian fundamentalism


                                                                     "Annie's Song"

Thursday, April 10, 2014
Today's about face: Dow plunges 267 points, and the damage to the S&P 500 and Nasdaq was even worse


               Jamelle Boule: Could America become Mississippi?

S&P downgrades New Jersey's debt obligations because of budget concerns regarding unfunded pension obligations

    Get up to speed Chris Matthews and Ed Rendell over at  MSNBC!  "Cast aspersions on my asparagus" was not an incoherent slip of the tongue by Rep Louie Gohmert during committee testimony by Attorney General Holder in 2013. The phrase is attributed to famous trial attorney Percy Foreman. Foreman used the phrase to mock the tensions in a courtroom during high-stakes trials, particularly when his integrity was being attacked.

On Tuesday, Attorney General Holder told Rep. Gohmert "Good luck with your asparagus", during a rancorous congressional hearing. The right wing media -- for example, Glenn Beck  -- has presumed that Mr. Holder was unaware of the history of the phrase.  Glenn Beck's presumption of ignorance or insanity with respect to Mr. Holder is an example of derision that may indicate bigotry on the part of one of today's widely-followed talk show hosts.

Glenn Beck: Your slip is showing. What a pity, seeing that you try so hard to rationalize the positions you take. That's really very Christian of you. 

Personally, unlike Rep. Gohmert, I would never quote the man -- Percy Foreman -- who defended James Earl Ray in his trial for the murder of Martin Luther King.    I just wouldn't go there, buddy 


         Rush Limbaugh -- a purveyor of really bad financial advice
For the last two days, Rush Limbaugh has told his listeners the following: Because of ObamaCare, Americans cannot get signed up for health insurance until January, 2015; if you do not have health insurance now, you can't get it until next year.  Limbaugh is flat wrong on this issue, as he oftentimes is regarding financial and tax matters.

The truth is as follows: The uninsured can enroll in a health insurance plan at any time during the year that is allowed by the private insurance companies; however, except under certain limited circumstances, enrollment into ObamaCare through government websites is closed until October 1, 2014.

The shameless mischief here is the fact that Limbaugh has for months campaigned to stop his listeners from enrolling in ObamaCare. What Limbaugh is not telling his followers is the fact that if they now enroll in a health insurance plan they will not be eligible for lower, subsidized premiums, which are available to those having a modest income who enroll through an ObamaCare website during the open enrollment period. Instead, Limbaugh is flatly telling his audience that they can't enroll in a health plan at all until next year. The real question here is this: Is Limbaugh ignorant on this issue or is he becoming diabolical in his efforts to sink ObamaCare? 

Wednesday, April 9, 2014
About face: Dow soars 181 points as a new wave of optimism overtakes equities thanks to the Fed and Alcoa's earnings report, which topped expectations

Yahoo Finance: The minutes of the Fed's March meeting show that the FOMC members struggled with the language of their interest rate policy

12 Noon ET:  Is Wall Street gearing up for another Fed freakout?

Mark Hulburt: The five warning signs of a stock market bubble. In fact, this is not March of 2000 

Los Angeles Times: Beef prices hit an all-time high in the United States

The mild California winter is exacerbating the terrible drought in the West

                              Is the planet's climate changing?
                                              Is man the cause?
               
Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?

Is the climate change movement leading the Democratic party off a cliff that will haunt the party for a generation?
 


Summary of issues surrounding the Keystone XL pipeline


National Aeronautics and Space Administration:        Global climate change -- vital signs for the planet

Phil Plait: The Arctic ice death spiral.   There is no denying the fact


Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again yesterday, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

 Is the Limbaugh assertion true?


The Economist: Climate science is a sensitive matter

                                                                             
"You Waited Too Long"


Tuesday, April 8, 2014
Dow ekes out a gain of 10 points and reverses, at least for one day, a substantial losing streak


Five things you need to know about equal pay. For one thing, the 77% statistic is very misleading, but the misuse of that statistic does not diminish the fact that many women are not treated fairly in the workplace

The right wing media has trumpeted the fact that in the the Obama White House, the median income among women is only 88% of the median income among men. For example, Sean Hannity devoted a large segment of time to the issue today  

Hannity's argument was that the 88% figure shows that Obama is a hypocrite whose Administration itself discriminates against women -- all proven by the comparison of White House median incomes between the two genders.

Is Hannity's argument valid?   Actually, it's clever and manipulative nonsense. Here's why:  Discrimination is determined by a difference in pay scale between men and women who are performing substantially similar jobs with similar levels of experience or seniority; if there is an income difference when men and women have similar jobs and experience, then there is a problem. However, it is nonsense to compare median incomes when the White House has a wide variety of job types that carry a wide range of incomes.

The catch is that many women at the White House are employed in positions that pay less -- such as administrative and clerical work -- than positions that are male dominated and higher paying -- such as gun-carrying security. The fact is White House employees in all positions are paid the same at similar levels of experience or seniority, irrespective of gender. The difference in median incomes is actually just a reflection of the difference in the type of jobs held by men and women, not salary discrimination 

 Rand Corporation: Obamacare's enrollment figure is 9.3 million new insureds since September, 2013

U.S. doctors collected $77 billion in Medicare payments in 2012.    Many doctors are underpaid, and some doctors should be in jail

Virginia is broken, and low income Virginians who fall into the Medicaid gap will suffer from it

Monday, April 7, 2014
Dow loses 167 points in advance of tomorrow's opening of the quarter's corporate earnings season

Friday, April 4, 2014
About face: Dow falls 160 points as the sentiment on Wall Street turns negative regarding the biotechnology and internet sectors

U.S. economy added 192,000 private sector jobs during March, and the unemployment rate remains at 6.7%

     
     Is the country experiencing a channeling by conservatives of the                                   plot in Ayn Rand's "Atlas Shrugged"?
 
          Summary of Ayn Rand's Objectivist opus "Atlas Shrugged"

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 53 years

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many employees as possible -- giving a long-term unemployment problem to the U.S. economy, such as we have experienced over the last six years. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecok and Neal Boortz


ABC News: Fighting fire with fire in the billionaire battles of 2014 and 2016

                          "You Don't Know My Name"
Thursday, April 3, 2014
Wall Street started the trading day filled with optimism, but the upward pressure evaporated during the afternoon, and the Dow closed with a small loss as attention turned to tomorrow's jobs report

The Supreme Court's ruling in McCutcheon v. Federal Election Commission hints that further campaign finance dominoes may fall

    If Walmart paid its employees a living wage, how much would Walmart's prices have to go up?

Wednesday, April 2, 2014
A seesaw day of trading ends with a 40 point gain on the Dow

Tuesday, April 1, 2014
Dow adds 75 points to start the second quarter, and the S&P 500 closes at a new record high

Katsuyama and O'Brien engage in a heated debate on high frequency trading that virtually stopped the show on Wall Street

New York Times: The Affordable Care Act enrolls more than 7 million Americans during the initial open enrollment period

Fox News: Rep. Ryan proposes a House GOP plan that would balance the budget and cut $5 trillion from spending in ten years

          
        U.S. quietly slips out of Afghanistan in the dead of the night

Monday, March 31, 2014
Chair Yellen's speech regarding Fed support of the economy sends the Dow to a 135 point gain

Friday, March 28, 2014
Dow adds 59 points, but the close was a disappointment in comparison to the day's intraday high

Thursday, March 27, 2014
Dow slips 5 points following the Fed's disapproval of Citigroup's capital plan

Wednesday, March 26, 2014
President Obama's speech regarding Russia's actions in Crimea is blamed for a 99 point loss on the Dow

Tuesday, March 25, 2014
Dow adds 91 points as sentiment turns positive and breaks a two-day trend

Monday, March 24, 2014
Wall Street was in losing territory for the entire day's trading, and the Dow slips 26 points

New York Times: G8 leaders agree to exclude Russia

Friday, March 21, 2014
Wall Street starts the day in positive territory, but trading turns negative for a closing loss of 28 points on the Dow

Thursday, March 20, 2014
Worries about interest rates subside, and the Dow gains 109 points

Wednesday, March 19, 2014
Dow losses 114 points in response to Chair Yellen's press conference

CNBC: The Fed tapers another $10 billion, and changes its view on when rates may rise

Tuesday, March 18, 2014
Wall Street advances for a second day with a gain of 89 points on the Dow

Monday, March 17, 2014
Dow gains 182 points despite Crimea's weekend vote to join Russia

New York Times: Defying sanctions, Putin declares Crimean independence

Friday, March 14, 2014
The down slide continues with a 43 point loss on the Dow, marking the worst weekly loss in seven weeks

Thursday, March 13, 2014
China and Ukraine take their toll on Wall Street, and the Dow reacts with a plunge of 231 points

Wednesday, March 12, 2014
Troubles from China and Ukraine affect world markets, but the Dow's loss is limited to 11 points

Tuesday, March 11, 2014
Dow drops 67 points although a sense of calm is present on Wall Street

Monday, March 10, 2014
Economic reports from Asia indicating weakness are blamed for the 34 point loss on the Dow

Friday, March 7, 2014
Dow adds 31 points and the U.S. economy adds 175,000 jobs, with an uptick in the unemployment rate to 6.7%

Thursday, March 6, 2014
Dow adds 62 points and the S&P 500 closes at a new record high close, despite an unresolved situation in Ukraine

Wednesday, March 5, 2014
Dow slips 37 points in a day of lackluster trading -- no volatility, for a change

The Obama Administration has extended the renewal period for noncompliant insurance policies into 2016

Tuesday, March 4, 2014
Dow bounces back 228 points as equity markets see an easing of Ukraine tensions 

Monday, March 3, 2014
The crisis in Ukraine hits the Dow for a loss of 154 points at the close; during trading the loss had been as great as 250 points

New York Times: In Ukraine and the West,  concerns grow over Russia's plans

Fox News: UN Ambassador Samantha Powers says Russian intervention must stop, but Moscow is defiant

Saturday, March 1, 2014
New York Times: The Kremlin has deployed forces to Crimea, and the action has prompted protests from the United States

California's Governor Brown today signed a $687 million drought-relief package of legislation

            
           Who was the worst U.S. President ever?    Part II

Friday, February 28, 2014
Dow adds 49 points and the S&P 500 powers on to a new closing high, but the day's gains were tempered in the afternoon by rising anxiety over Ukraine

Fourth quarter U.S. GDP growth cut to 2.4% from previously released 3.2%

Yahoo Finance: Pending home sales of existing homes edged up in January

Thomson Reuters/University of Michigan: Consumer sentiment moved upwards in January to 81.6, beating forecasts



                   The history of bitcoin -- the first cryptocurrency

Mt. Gox in bankruptcy in Japan, and the enterprise blames hackers for its $500 million losses of virtual bitcoins


NBC News: President Obama addresses Ukraine's sovereignty and territorial integrity

Fox News: Obama is deeply concerned by reports of Russian military movement in Ukraine

New York Times: Armed men, wearing uniforms without insignia, have taken over two airports in Crimea

The Telegraph: Ukraine accuses Russia of armed invasion after the seizure of two Crimean airports


                                                    "Hey Love"

Thursday, February 27, 2014
Dow adds 74 points and the S&P 500 closes at a record high of 1,854.29

CNN Money: Chair Yellen, in her testimony before the Senate Banking Committee, blames the soft patch in the economy on the weather

Commerce Department: Orders for U.S. durable goods fell 1.0% in January

                                        
                                        Beware of smiling wolves

Paul B. Farrell: Twelve reasons to stop trading the financial markets right now, before the stress kills you

Washington Post: An evaluation of Senator Reid's claim that the Americans for Prosperity critics of ObamaCare are liars    Senator Reid needs to do his homework, rather than relying on polemics

New York Times: An armed standoff in Crimea by pro-Russian forces raises tensions as Victor Yanukovych flees to Russia

The crisis in Ukraine is taking a toll on European equity markets

Wednesday, February 26, 2014
Dow adds only 19 points after being at a much higher level through most of the trading day on Wall Street

  CNN Money: China's holdings of U.S.Treasuries fell $47.8 billion in December, but the holdings of other foreign governments increased, with the holdings of Belgium increasing more than China's decline 

Inside China's $2.2 trillion budget -- with a deficit of just $198 billion, which is only 2.0% of their GDP.     In comparison, the U.S. deficit in fiscal 2013 was $680 billion, which was 4.1% of the U.S. GDP

State Street and Economist Intelligence Unit survey: China's renminbi will supersede the dollar as the world's reserve currency

Katie Holliday: Will gold see double-digit declines this year, despite the fact that so far in 2014 precious metals have been a top performer?

Paul R. La Monica: The stock market needs a correction -- but this is not 1929 because PE ratios are far more moderate today


                                  "If You Say My Eyes Are Beautiful"

Tuesday, February 25, 2014
All three major averages fall modestly, and the Dow's loss is 27 points in a day characterized by its choppy trading

   MSN Money: Quarterly earnings reports reveal ObamaCare's financial impact on U.S. companies

Americans for Tax Reform: The IRS has released guidance on the specifics of the tax penalty under ObamaCare for individuals failing to have health insurance during 2014

Laura He: China's falling yuan may be policy driven to prevent further hot-money inflows into the country in the near-term


What is the definition of "cross- border carry trade", also known as "currency carry trade"?

Isabel Sawhill: The United States needs more than a minimum wage hike

   
                                        Troop: "Sweet November"

Monday, February 24, 2014
Dow adds 104 points for a big day on Wall Street, but it was a little disappointing at the close

The U. S. bond market traded with little change today, despite the events in Ukraine and economic news from China and Germany

      
Gold settles at a nearly four month high -- $1,338 on the Comex April contract


The Hong Kong market started the week losing ground in overnight trading 

Chuck Jaffe: Do not try to time the market.        Obviously, I do not agree with this advice, but the point of view is always worth hearing

Scott Holsopple: How to take full advantage of your 401(k)

Military.com: Defense budget would cut troop pay and benefits

Pentagon plans to shrink the Army to pre-WWII troop levels

CNBC chart of the day: A comparison of the U.S. military budget to the military budgets of other nations

A projected hike of $3,000 in the annual food bill confronts military families 

New York Times: The acting officials in Ukraine seek stability for the country, as well as Victor Yanukovych

                      
                                                        Who is Yulia Tymoshenko?


              All the World's people have the right to stand in the Sunsm



                                    Los Alacranes: "Chicano Park"

Sunday, February 23, 2014
Ukraine's Parliament has voted to remove the despot Victor Yanukovych from office.            For the first time, the citizenry gets a look at Yanukovych's palatial estate, which was half the size of the country of Monaco

      Freedom Isn't Free     Freedom Isn't Free     Freedom Isn't Free
                                        By Any Means Necessary

                                            El-Hajj Malik El-Shabazz
                                   May 19, 1925 -- February 21, 1965
                                                   
Saturday, February 22, 2014
For the first time in 54 years, the Federal government will withhold water from farmers in California's Central Valley, due to the looming drought

Politico: The FCC has reconsidered the structure of its newsroom study in order to defuse a wave of conspiracy and end of democracy criticism

Fox NY: The average obese American woman gets just one hour of vigorous exercise per year; obese men get less than four hours of exercise in a year


                       Every Realist's life should have a theme song

Friday, February 21, 2014
Dow slips 30 points amid mixed economic data and corporate news

New York Times: A deal has been reached in the Ukraine, but both Russia and the protesters seem wary of the future


        Congratulations Mikaela Shiffrin -- 2014 slalom Gold medalist

Thursday, February 20, 2014
It was an up day on Wall Street: Dow adds 93 points, and the S&P 500 moves to within striking distance of a new all-time high

The Wall Street Journal has set talk radio abuzz with a story about the Federal Communications Commission studying perceived news station bias and asking about coverage choices 


    Hello, Diana, we've come a long way since being neighbors in Detroit
  Diana Ross and The Temptations: "I'm Gonna Make You Love Me"

Wednesday, February 19, 2014
Dow roller-coasters at the end of trading and loses 90 points on the day

Most Asian markets advanced in overnight trading, but Japanese stocks retreated after hefty gains earlier in the week

CBS News: The CBO defends its minimum wage study in a response to criticism from the White House 

Paul B. Farrell: The crash of 2014 -- like 1929, you'll never hear it coming

CNS News: President Obama has increased the national debt by 106% during his time in office

New York Times: Fierce clashes in Kiev have resulted in the deaths of 25 people after riot police advanced on demonstrators
         
                      

                                                   History of Ukraine

         
                                              America -- Stand United

Tuesday, February 18, 2014
Dow slips 24 points, but the Nasdaq surges ahead as technology companies split from the broader market

Unusually severe weather causes the confidence of home builders to plunge in February at a record level

New York Times: President Obama speaks on the subject of new rules regarding truck pollution levels and mileage standards

                                Is the planet's climate changing?
                                              Is man the cause?
        
Princeton University physicist William Happer advocates for reasoned analysis on the subject of climate change. He has no connections to the petroleum industry or any other commercial interests

BBC News: The slowdown in climate change means that extreme rates of warming are "not as likely" as previously forecast


Al Gore's Academy Award winning film "An Inconvenient Truth" was a tremendous box office success.  However, was it also radical and irresponsible environmentalist propaganda?

Is the climate change movement leading the Democratic party off a cliff that will haunt the party for a generation?
 


Summary of issues surrounding the Keystone XL pipeline


National Aeronautics and Space Administration:        Global climate change -- vital signs for the planet

Phil Plait: The Arctic ice death spiral.   There is no denying the fact


Climate Central: Why the globe has not warmed significantly in the last decade

                                                      
Rush Limbaugh frequently claims, and he asserted that claim once again today, that climate change is a hoax, and the fact that climate change is a hoax is proven by emails sent by scientists at the University of East Anglia.

 Is the Limbaugh assertion true?


The Economist: Climate science is a sensitive matter



                        It's a beautiful planet.  Let's keep it that way

Monday, February 17, 2014
As Wall Street takes the day off, European stock exchanges are in rally mode with record cash inflows

George Soros doubles a bearish bet on the future of the S&P 500, to the tune of $1.3 billion

This is what causes the critics of the Fed's quantitative easing program to lose sleep at  night -- situations like Zimbabwe --

  
Matthew Boelser: How nine countries saw inflation evolve into hyperinflation

The worst episode of hyperinflation in history -- Yugoslavia 1993-1994

               There is no situation so bad that it can't get worse®

Ron Fournier: Memo to Hillary Clinton -- "You're the problem"

Sunday, February 16, 2014
Bloomberg Ratings: The ten best countries for business, according to 2013 data that analyzed six broad criteria

  Asian markets live blog: Japan shows growth and China releases strong credit data, although some are skeptical regarding the data's indication of a trend

Kevin Chupka: As the stock market comes back, the commodities tell a different story

Saturday, February 15, 2014
What is Realism?    Philosophical Realism    Critical Realism
Economic Realism     Scientific Realism
   
                                   
                            An example of right-wing propaganda

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union. 

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim

The example of right-wing propaganda that is related above is heard less now on talk radio than it was a few years ago, because now most of the current myths being echoed about the President concern the disinformation campaign surrounding ObamaCare


                                                "I Just Want To Be Your Girl"


Friday, February 14, 2014 
The bulls rule the day on Wall Street: The Dow leaps 127 points despite a lack of any real news that would justify the upward momentum

The Tell: A concensus of pundits says that the scary 1929 comparison is not happening
  

Gold futures top $1,300 in Thursday after-market trading as some run to the precious metal's perceived safe haven


Insight: Wells Fargo & Co. edges back into subprime mortgage loans as the market for housing loans thaws
 
Diana Olick: Mortgage rates will soon bump up for borrowers as the HAMP bailout expires

   Only the lonely come with flowers, lingerie, teddy bears or chocolate anything
  
                                       Happy Diamonds Day

                                              "My Baby Loves Me"
                                       "Somewhere In My Lifetime"
                                                "Everlasting Love"
                                                    "Feel The Fire"
                                                  "I Do Love You"
                                          "You Can Depend On Me"

Thursday, February 13, 2014
Dow adds 64 points despite a day of negative economic data

Time Warner Cable and Comcast have confirmed a $45.2 billion stock-for-stock merger agreement

Oppenheimer Funds warns regarding its holdings of Puerto Rican debt and sparks turmoil among its fundholders


Fidelity Investments: The average balance on America's 401(k) accounts hits a record $89,300

Brent Arends' ROI: Does Janet Yellen believe in deflation?

Mark Hulbert: Scary 1929 market chart gains traction in the financial community

CNS News: The Nation's debt has increased by $2.7 trillion in less than three years of debt-limit deals

 
Remember those many predictions about nuclear energy accidents? 
                                             
It's time to get real

Wednesday, February 12, 2014
Dow loses 31 points on the day's trading as a four-day winning streak comes to an end

An act of surrender may strengthen Speaker Boehner's hand as a debt-ceiling bill passes the House

Senate passes debt limit bill, and its now ready for Obama's signature

U.S. budget deficit is down substantially at $10.4 billion in January

  The number of sign-ups under the Affordable Care Act surges to 3.3 million people, with the number now projected to reach 6 million during the enrollment period

    Are the Administration's modifications of ObamaCare illegal?                                                           Answer: No                                        
Summary of the general use of executive orders by American presidents

The most important point to realize, with respect to the series of modifications of the Affordable Care Act, is the fact that the modifications, although perfectly legal, are not based upon a President's authority to issue executive orders. The actual authority to make modifications of the Affordable Care Act is found in the language of the Affordable Care Act. The statute grants extensive discretionary power to department heads, such as the head of Health and Human Services and the Internal Revenue Service, to enact administrative laws that delineate ObamaCare's provisions 

It is not unusual for Congressional legislation to grant discretion to the heads of Federal agencies charged with the implementation of such laws to enact regulations that specify the otherwise general terms of the law. That is what is happening here with respect to the roll-out and operation of ObamaCare.

The modifications are not lawlessness or the start of an Imperial Presidency. Sorry, right-wingers -- there is no wrongdoing here


  Summary of the principles of administrative law in the United States

 
   
Tuesday, February 11, 2014
Wall Street soars 193 points in response to Chair Yellen's comments before the House Financial Services Committee

     
     Is the country experiencing a channeling by conservatives of the                                   plot in Ayn Rand's "Atlas Shrugged"?
 
          Summary of Ayn Rand's Objectivist opus "Atlas Shrugged"

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 53 years

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many employees as possible -- giving a long-term unemployment problem to the U.S. economy, such as we have experienced over the last six years. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecok and Neal Boortz

In the infamous "47 Percent" address that Governor Romney made on May 17, 2012, in Boca Raton, Florida, there was an exchange between a male donor and Romney in which the presidential candidate made several comments about the effect that his upcoming election would have on the financial markets in September:  

. . . “[I]f it looks like I’m gonna win, the market – markets will be happy. If it looks like the President’s gonna win, the markets should not be terribly happy. It depends on, of course, which markets you’re talking about. Which types of commodities and so forth. But my own view is that if we – if – if – if we win on November 6th, there will be a great deal of optimism about the future of this country. And we’ll see capital come back and we’ll see—without—without actually doing anything, we’ll (laughter) actually get a boost in the economy. If the president gets reelected, I don’t know what’ll happen. I can’t – I can never predict what the markets will do. Sometimes it does the exact opposite of what I would have expected.”

These comments went chiefly unnoticed by the media, except for a measure of derision by a few pundits. These pundits criticized Romney for stating that the economy would get a boost following a Republican victory “without actually doing anything”. The media derided Romney as foolish, since he forecast that an improving economy would automatically occur if the Republicans regain the White House.

The media’s response on this issue was not at all insightful. In fact, these surreptitiously recorded comments by Romney in Boca Raton came within a sentence of revealing the heart of the conservatives’ “Atlas Shrugged” effort, a shrouded campaign that has actively and intentionally damaged the U.S. economy for more than four years.

                       
Conservative business owners and managers are intentionally going slow on hiring and business expansion in the hope of delivering the White House to the Republican Party. This multi-year campaign is obscenely reminiscent of the plotline in Ayn Rand's "Atlas Shrugged". Why are they doing this? The reason why is because a Republican victory greatly increases the possibility of a lower maximum tax rate for the wealthy and less business regulation. It is really just as simple as that. The conservatives have as their first priority the goal of filling their pockets with money. The good of the Nation is a distant, lower priority. 

Consequently, if there had been a Romney victory, there would have been a surge in business activity and hiring that would have boosted the economy as the “Atlas Shrugged” crowd starts doing again what they should have been doing all along: namely, business as usual, rather than a diminished level of business activity that has been focused on achieving a political outcome. 

Literally, without doing anything, the economy would have seen a boost if the Republicans had won the White House. People would have been hired and growth would have escalated, seemingly without the passage of a single new program. What is not so clear, however, is whether the Nation would have realized that for the preceding four years the unemployed and the underemployed were intentionally burned alive by the consevatives in an attempt by the wealthy to get a lower maximum tax rate and less regulation of businesses.
 
What is also not clear, at this point in 2013:  Whether the conservatives will stop pretending that real life is an Ayn Rand movie and, instead, resume working to build their own enterprises and the U.S. economy. 

                                It's time to get real.

After more than four years of self-serving, economic sabotage by conservatives, it is definitely time to get real


Today, Rush Limbaugh spent a large segment of his show alleging that the Obama Administration was illegally altering the terms of the Affordable Care Act by executive decision, rather than returning to Congress for amendments to the law. 

                                     Are these allegations true?  
Limbaugh's allegations are absolutely not true -- even though the allegations have been repeated by numerous politicians and pundits. Once again Limbaugh's monologue raises the question of whether Limbaugh believes what he is saying. This man needs to be hooked up to a polygraph machine and the determination made, one way or the other, where his delusion ends and abject propaganda begins

See the discussion of executive power, which will be presented in this column tomorrow


Monday, February 10, 2014

Wall Street experiences subdued trading in anticipation of Chair Yellen's address tomorrow. The Dow adds 8 points

Asian shares were higher in overnight trading as the region recovers from a trading sell-off

The Tell: What's unnerving about the S&P 500's pullback so far this year

Jesse Solomon: Get used to volatility, because it's the new norm

                                    A Realist lives life to the fullest
    
          However, according to the right-wingers, everything is bleak:
New York Post: Aging America is heading for disaster


The number of Americans who are renouncing their citizenship has swollen 221%

Lynching of Christian man by a Muslim mob is a sign of chaos in the Central African Republic

Sunday, February 9, 2014

                 Rory Stewart: Afghanistan -- The irresistible illusion

      
                           Lee Greenwood: "God Bless the U.S.A."

Saturday, February 8, 2014
Reuters: Will U.S. stock buyers beat back the bear into its cave?

CNN Money: Why the bad jobs numbers are really bad for Janet Yellen's Fed

William P. Barrett: The best places in America to retire during 2014

Friday, February 7, 2014
By the end of the trading day on Wall, the Dow powers ahead by 166 points

Labor Department: 113,000 new jobs were added during January, and the unemployment rate falls to 6.6%, its lowest level since October, 2008. Wall Street's initial reaction to the employment data was negative 

European stock markets climb in trading before the release of U.S. jobs figures and the opening of action on Wall Street


Asian bourses gain on hope of a positive report from the U.S. Labor Department

Robert Powell: Do you know what's wrong with your 401(k)?

Jeffery Levine. Three things I love about MyRA, and two things I wish were different


                                               Isn't she lovely?
                                     Toni Braxton: "Secrets"

Thursday, February 6, 2014
Dow rebounds 188 points, as the venerable index and the S&P 500 have their best trading session of 2014

U.S. equity markets are in a decline, apparently from economic data that indicate trouble ahead and a slowdown in business activity

                       What is the theory behind quantitative easing?

Warren Buffett widens lead in $1 million hedge fund bet


    Same question as January 29th: Anyone recognize this person?

Wednesday, February 5, 2014
Dow loses 5 points as the markets seem to be awaiting Friday's jobs report

Economic reports smack into the sentiment on Wall Street in early trading this morning

Congressional Budget Office: The interest on the national debt is likely to quadruple over the next decade

Eight stock indexes around the globe facing correction -- this is important

Michael Ashbaugh: Volatility index raises caution sign for market bears

Dan Greenhaus: The S&P pullback is normal so far, but a 10% drop would be extreme


                 Another perfect day in the paradise that is San Diego

                                                Solo: "Heaven"
                                           Ruff Endz: "No More"
       Alexander O'Neal and Cherrelle: "Never Knew Love Like This"
                                              R. Kelly: "Genius"


                 Please, Candice, we can't stand to wait any longer
                                     Release your album ASAP
                                       Candice Glover: "Cried"

Tuesday, February 4, 2014
Wall Street manages a gain after an early sell-off, with the Dow adding 72 points

Monday, February 3, 2014
The Institute for Supply Management reported today that manufacturing activity in the United States expanded at its slowest pace since May, 2013. The result: The Dow plunges 326 points


The euro falls, and the yen jumps on continuing anxiety over the emerging markets at the end of last week, as the U.S. dollar gained ground against the euro and the British pound, but loss value relative to the Japanese yen

                  Summary of the carry trade speculation strategy

What you need to know about Obama's MyRA retirement accounts

Four big challenges for the new Fed chair, Janet Yellen

           Pat Buchanan: Is Red State America seceding?

Recently, golfer Phil Mikelson said he may call it quits because of climbing income tax rates, which total 63% when you add federal, state and city taxes together    Of course, adding the above tax rates ignores the reality that income taxes paid to state and local governments are a deduction from one's income for purposes of calculating federal tax, so, in fact, the 63% figure itself is a fiction, and the real combined rate is always less than the total of the individual tax rates at different level of government. The combined rate calls for more complicated analysis than the simple addition of the federal, state and local rates

In 1978, when I was 29 years old and working as a corporate finance attorney on Wall Street, my gross income was in the 55% tax bracket for federal taxes alone, a very much higher rate than today's maximum of 39.6%. Today's top federal income tax rate of 39.6% applies no mattter how many hundreds of millions of dollars a person may earn in 2013.

My combined tax rate of federal, state and city income taxes exceeded 70% in 1978

 It was a different world in 1978: No one claimed that the country was going socialist; no one claimed that the President was trying to redistribute wealth; no one ranted that society's producers were being held in slavery by the IRS; no one was talking about going out to buy another gun because they may need more than one gun because the IRS was probably going to come and steal their money next week     No one was talking about secession

There has been a huge change in attitude in the United States over the past 35 years. Where has our spirit of social compact gone?  Where is our willingness to work hard, and our willingness to work a few more years in order to become wealthy?  The United States is in dire need of a return of the Americans of just a few decades ago. 


The history of progressive taxation in the United States almost demands that there be at least one tax rate higher than 39.6% imposed on the super-wealthy.   Why?   The reason why is not to punish the rich. The reason is because, for at least a few years, the Nation needs to bombard its deficit with dependable revenue, and although faster growth would also produce additional revenue, the country needs all the revenue that the economy can muster in the near-term

  
Did you know that China has been the world's largest economy for 18 of the last 20 centuries? That fact is buried in this link, which is in large part filled with many of its author's dubious opinions

The fact of the matter is the Chinese government's handling of that nation's economy may be the most skilled and successful in the modern world. Their current financial acumen echoes the fact that during the Great Depression in the 1930s, China was the only major economy in the world that did not sink into depression


                                     Snoop Dogg: "Gin and Juice"

                         Mali Music: "Beautiful"

                           Bradd Marquis: "Love Will Find A Way"

                 Barry White: "Never, Never Gonna Give You Up"

                                          Lloyd: "I Need You"

                                Charlie Wilson: "I Still Have You"

                 The Temptations: "Stay To The Morning, Baby"

                   The Montclairs: "Dreaming's Out Of Season"

                                                Usher: "Yeah"

              Montell Jordan: "This Is How We Do It"
              
                       Michael Jackson: "Bad"

Sunday, February 2, 2014
Market Watch: Ten investment strategies for retirees - for years 2013 and 2014  - and perhaps beyond

Jeffry Bartash: The January jobs report is even more difficult to call than most

Ryan Vlastelica: Stocks may face some pain on Wall Street in the week ahead, but many buyers remain

  
Many people are unaware that Martin Luther King, Jr. first gave his       famous "I Have A Dream" speech on June 23, 1963 at Cobo Arena in Detroit. He spoke in front of a huge crowd, following a civil rights march by thousands of people down Woodward Boulevard.

I was one of the marchers in Cobo Arena that afternoon. The speech was the most moving oration I have ever had the privilege to witness


          Solana Beach, California -- another perfect day in paradise          

             Mikki Howard: "I'm In Love Under New Management"


                                   Mary J. Blige: "Just Fine"

                                   Beyonce: "Love On Top"

Saturday, February 1, 2014


                                            Kenny G: "I'll Be Alright"

Friday, January 31, 2014
The month of January was not a good one for Wall Street. Today's loss on the Dow was 150 points

Commerce Department: Consumer spending rose more than expected in December, but incomes fell

Steve Goldstein: Even though the Fed's decision was unanimous, there are divisions with respect to philosophy on the Board


U.S. consumer sentiment dipped in January to 81.2, down from 82.5


Market Watch: Many strategists are on the edge concerning the present level of the S&P 500



Although gold has rallied in the near-term, most strategists are not impressed with its future prospects


Information on the minimum wage since 1938, and some of these numbers are surprising

  Washington Free Beacon: Pentagon concerned by China's new high-speed missile, because this means that China may overtake the U.S. militarily in as little as five years   This article is propaganda designed to plant the seeds of an arms race. China is no where near as militarily advanced as America.

Plus, China's officials, other than a few hot-heads in their society, have shown no inclination to attack anyone. Why would they?They're winning the peace just fine, thank you.  A lot of people do not realize that China does not have a history of militarism, except for their own civil wars



                             Smokey Robinson: "Ooo, Baby, Baby"
                                                      "More Love"

Thursday, January 30, 2014
Dow bounces back with a gain of 110 points, despite continuing problems in the emerging economies

European bourses fall before Wall Street's open in reaction to weak earnings and concerns over the emerging markets

The Federal Reserve has put the world on notice that the February taper of its quantitative easing program will be $65 billion

Outgoing Fed Chairman Ben Bernanke delivers a parting shot to the world's emerging markets

CBS San Francisco: At least 17 California communities may run out of water within four months

What to expect for the Nation's fourth quarter performance report

Anthony Mirhaydari: Many pundits seek to compare contemporary times to the late 1920s; however, in fact, today's markets are more similar to 1997

                 
                          The Delfonics: "Didn't I Blow Your Mind"
                                        "La-La Means I Love You"

Wednesday, January 29, 2014
The Fed's announcement regarding its stimulus program knocks 190 points out of the Dow

Market Watch: Could the Fed scrap the link between the jobless rate and interest rates/  Why one economist says: Yes, they could?

              
Real Clear Politics: Hillary Clinton says the biggest regret she has concerns Benghazi

 
BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards.  This is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children

Matthew Heimer: Will Obama's MyRA plan take off?

The U.S. government has spent over $200 million in order to teach Afghan soldiers how to read. Most of them still cannot read and write, and that's a problem


                                     Do you recognize this person?

Tuesday, January 28, 2014
Video of the President's address to Congress and the Nation

New York Times: Full text of President Obama's State of the Union Address 

Fox News: President Obama calls for a year of executive order action

NBC News: The President makes clear that the United States does not stand still and neither will he



                                  2014 State of the Union Address

An improving sentiment with respect to the prospect for calm in the emerging markets hits Wall Street and pushes the Dow to a 91 point gain


Asian markets prove to be unpredictable in overnight trading

Apple's earnings report, in which the company issued troubling guidance, triggers a 7.5% loss in the stock in after-hours trading


Text of Apple's earnings release for its fiscal 2014 first quarter, which ended on December 28, 2013

Robert Frank: Debunking the top three myths about income inequality

Lex Haris: The super rich are mad as hell -- and they are doing great

CNN Money: President Obama's economy in 17 charts, starting with the 8.7 million jobs lost in the aftermath of the Great Recession

   

You should be fluent in Mandarin by next year -- assuming that your language tutorial began in 2008, when I first suggested learning Mandarin

                                   Seriously, I'm seeking your comments:
             Do you find the following two service marks confusingly similar?
                     It's real nowsm - Service mark of Transamerica® 
         It's time to get realsm - Service mark of Calafia Oak Financial®
                   Please send your opinion through this site's Contact portal


           
Denzel Washington's depiction of Harlem heroin kingpin Frank Lucas in "American Gangster" was a box office sensation.   This link is to a second trailer for the movie.

This link is to a lengthy documentary on Frank Lucas, giving more details of Lucas' drug ring that annually smuggled 2,200 pounds of pure heroin into the United States using military aircraft and military bases.

However, the true story leaves Hollywood far behind. For one thing, "American Gangster" gives the impression that with Lucas' arrest, the trafficking of heroin into the United States by the use of military transport aircraft ended. In fact, the trafficking continued unabated. I know this first-hand, because in the 1970s I was a foot soldier in America's so-called War on Drugs at Norton Air Force Base in San Bernardino, Californa. This turned out to be an extremely dangerous way to spend one's time in the military -- I would have been a lot safer if I was stationed in the jungles of Vietnam, because at least then the Air Force would have believed there actually was an enemy out there when I busted the Norton Air Force Base smuggling operation in January, 1976.

The drug cartel tried to kill me on two occasions in 1977, and they almost succeeded in permanently shutting my mouth on a third occasion in 1977 when they were actually trying to murder my wife.

One of the people with whom I worked in 1976 on a heroin smuggling case at Norton stated to me that the traffickers would kill both of us before they would let the story of this crime reach the public's attention. Sadly, he was half right; he was the victim of homicide outside St Louis in 1992, during a period of time when he was once again trying to help me get to the bottom of the Norton story. A few weeks earlier, on March 11, 1992, another man whom I was trying to reach for information regarding the situation at Norton was shot dead in New York City by a hitman contracted by a Colombian drug cartel. He was murdered on the very day I was scheduled to contact him. I can only infer from these two homicides that the Norton traffickers were potentially still active as recently as 1992, trying to cover the trail of their hideous crimes.

Jonathan Kwitny, a 16-year veteran reporter for the Wall Street Journal, wrote in his book "The Crimes of Patriots - A True Tale of Dope, Dirty Money, and the Central Intelligence Agency", that the shipments through Norton Air Force Base were orchestrated by senior U.S. officers, and the quantity of heroin trafficked on a regular basis was up to 50 pounds per shipment; plus, the heroin being smuggled through Norton was 100% pure China White - reputedly the most powerful heroin on the planet.

As a point of reference, the quantity of heroin involved in the famous 1971 "French Connection" film was the one-time shipment to New York City of 132 pounds of diluted heroin that was only 87% pure; nevertheless, the French Connection heroin was valued at $32 million on the streets of America

              It's way past time to get real about America's history 



                                                 Jolin Tsai: "Alone"
                                           "The Sun Will Never Set"

                                     "Xu Yuan Chi De Xi La Shao Nu"

Monday, January 27, 2014
Dow falls another 41 points as jitters about the emerging markets and corporate earnings reports provide no assurance of a bull market ahead

   China responds to a U.S. probe regarding its solar industry's imports to America.  The United States is attempting to deny the reality that China beat the United States to the invention of the best solar panels on the planet

                      Artist conception of a 2016 Chinese solar-powered community



 Why did Solyndra go bankrupt?

Solyndra failed because China developed a superior solar panel technology in a government-subsidized development program at the cost of over $30 billion dollars

It is ironic that the collapse of Solyndra is being touted by critics of the Obama Administration as evidence that the U.S. government should not subsidize private enterprise, since governmental green energy subsidies lead to nothing but failure, according to the right-wingers.    The proponents of the right-wing theory purposefully overlook the fact that it was a government-sponsored development program that catapulted China's success in the solar technology field


U.S. News: Edward Snowden claims that the NSA spys on foreign businesses, despite the fact that America condemns the allegations of similar espionage by China

The Nation's housing market has bounced off the bottom, but first-time buyers are encountering real problems

               
              The Skyliners: "Since I Don't Have You"

                       The Flamingos: "I Only Have Eyes For You"


Saturday, January 25, 2014


                     Gloria Gaynor: "I Will Survive"

Friday, January 24, 2014
Sell-off on Wall Street and globally: Dow loses 318 points and suffers its worse losing week since 2011

Thursday, January 23, 2014
Dow takes a beating of 176 points after disappointing earnings news and a negative manufacturing PMI number out of China

Wednesday, January 22, 2014
A disappointing outlook report from IBM is blamed for the Dow's loss of 41 points

Tuesday, January 21, 2014
Corporate earnings reports trigger a 44 point loss on the Dow, but the S&P 500 and Nasdaq move higher thanks to two large industrial companies

Friday, January 17, 2014
Dow gains 42 points, but the S&P 500 and Nasdaq both suffered losses

Thursday, January 16, 2014
Disappointing corporate news pulls the Dow into a 65 point loss on the day

Wednesday, January 15, 2014
Dow adds 108 points as the S&P 500 notches a new record high close

Tuesday, January 14, 2014
Dow rebounds 116 points following positive earnings reports from major financial institutions

Monday, January 13, 2014
Dow falls 179 points, and the Nasdaq and S&P 500  suffer even larger percentage losses

Friday, January 10, 2014
Dow slips 8 points, however, the S&P 500 and Nasdaq manage small gains

Nonfarm payrolls fall far short of expectations at 74,000, and a declining labor participation rate drops the unemployment level to 6.7%

                                           Faye Wong: "Hong Dou"

Thursday, January 9, 2014
Dow falls 18 points in trading ahead of tomorrow's monthly jobs report

Wednesday, January 8, 2014
Dow falls 68 points as the focus of attention returns to the Federal Reserve

The end of unemployment benefits may send the unemployment rate lower

Tuesday, January 7, 2013
Dow gains 106 points with the S&P 500 and Nasdaq also moving higher

Monday, January 6, 2014
Wall Street starts this year's first full week of trading with a 45 point loss on the Dow

Friday, January 3, 2014
Dow manages a 29 point gain as a major snowstorm hits the Northeast

Thursday, January 2, 2014
Manufacturing data from the U.S. and China pull the Dow to a 135 point loss

Tuesday, December 31, 2013
Dow ends the spectacular year with a gain of 72 points at 16,576.66

Monday, December 30, 2013
Dow adds 26 points and attains its 51st new record close this year

The New York Times reopens the controversy regarding what happened in Libya on September 11, 2012: A Deadly Mix in Benghazi

Friday, December 27, 2013
Dow slips 1 point in listless trading as the 10-year Treasury hits 3.01%

The Turkish lira is responsible for the spike of the euro versus the dollar

CNN Money: Unemployment benefits for 1.3 million people will expire tomorrow

U.S. District Judge William Pauley rules that the NSA metadata collection program is lawful and dismisses a suit brought by the ACLU

Truth Revolt: Liberal talk radio will disappear in New York, Los Angeles and San Francisco in 2014

New York Times: New York State will soon fall behind Florida in population

                                  
                          Marvin Sapp:  "Never Would've Made It"

Thursday, December 26, 2013
The bulls of Wall Street are in full charge mode: The Dow adds 122 points and reaches its 50th new record high for the year

Treasury prices slipped in today's trading and sent the 10-year yield to the 3.00% milestone in overnight trading

Reuters: The Treasury market is on track to score its second biggest annual loss in 17 years

Gold and silver futures rebound in post-Christmas trade

Nikkei races to a six-year high, marking its best performance since 1972

Egypt's military-backed government declares the Muslim Brotherhood to be a terrorist organization

As always, the fact that forecasts and analyses are linked here, does   not necessarily mean that I endorse the opinions of the authors.  It means that I believe the opinions are worth considering -- or, in some cases, it means that the opinions are so bad that the author's thoughts should be put on display and the author publicly humiliated

John Schoen: The economy revs up, but leaves millions of Americans waiting in the dust

Mohamed El-Erian: Here are four reasons to be skeptical of the Fed's exit from quantitative easing

Jeff Reeves: Three high-flying stocks in 2013 have room to grow in 2014

David John Marota: Recommends that food, guns and ammo should be at the ready, since there are increasing chances of a collapse of civilized society because of factors like ObamaCare  

Lawrence Lewitinn: China's big warning for the U.S. stock markets

Dennis Gartman: Here is my best trade for 2014 -- shorting the Japanese yen against the English-speaking countries

Paul R. La Monica: Five reasons why stocks will go up in 2014


Wednesday, December 25, 2013

                             Merry Christmas


  It's a white Christmas in California -- in the Sierra Nevada mountains

                                                                       "Emmanuel"
                                                    "Total Praise"
                                                 "Open My Heart"


Tuesday, December 24, 2013
Today's 63 point gain on the Dow means that the record rally continues

Michael Kitchen: The dollar creeps higher in quiet trading. This reality is a far cry from what the right-wing pundits claimed would happen at the onset of the  tapering of quantitative easing

California superior court judge bars voter-approved reduction of city worker pension benefits in San Jose

Monday, December 23, 2013
Dow adds 73 points, and many analysts have now concluded that a Santa Claus rally is underway

Retail sales fall in final week before Christmas

The deadline for signing up for healthcare is extended for one day by the Administration

Market Watch: ObamaCare rule change rattles the insurance companies

Friday, December 20, 2013
Dow adds 42 points to close at a new record high, with the S&P 500 in tow

European markets close higher after the day's rally, and stocks enjoy their best gains in eight months

President Obama tackles a press conference prior to leaving Washington for his holiday vacation in Hawaii

Whoops!!  The biggest corporate blunders of 2013.  These are not so comical if you were the architect or the victim

Military.com: Senate passes a budget deal that will trim military retirement benefits

Text of National Defense Authorization Act for fiscal year 2014


The Obama Administration has modified its coverage rules for persons whose insurance plans are set to terminate on December 31st

Wall Street Journal: In our opinion, Obama has repealed ObamaCare

CNN Money: The ObamaCare website went down -- but it is now back up

The use of a health savings account to pay for medical expenses is oftentimes touted by the GOP as a new strategy.  Actually, HSAs are already in existence under IRS tax law provisions and can be used right now under ObamaCare

Thursday, December 19, 2013
Not a skyrocket day of trading on Wall Street, but a winner nevertheless: The Dow adds 11 points; however, the S&P 500 and Nasdaq gave up ground

Conference Board: In November, the U.S. index of leading economic indicators rose 0.8% to 98.3%

Freddie Mac: The rate on the 30-year mortgage rises to 4.47%, a marked increase from last year's level of 3.37%

Existing-home sales fell to its lowest level in a year during November

Asian equity markets were mixed overnight following the FOMC action

The Tell: What is the relevance of a shrinking swap spread?

               
If you bought gold within the last three years, then you probably were the victim of a right-wing salesperson who made a persuasive political/financial pitch of doom and gloom under President Obama.

The people who followed the advice of the right-wing pundits with respect  to gold have lost a huge percentage of their invested capital.
There is no situation so bad that it can't get worse -- the value of gold is falling and has been in a downslide for several years. Some people didn't believe this truism, and they eventually paid for their delusion

   Beware of right-wing liars. They are only pretending to be realists
                 


                Congratulations Nina Davuluri -- 2014 Miss America                                                                 Miguel: "Adorn"

Wednesday, December 18, 2013
Dow soars 293 points following the announcement by Fed Chairman Bernanke that tapering will commence in January by lowering the stimulus bond purchases to $75 billion per month

Mining.com: A $76 billion fall in gold assets leads a record investor exit from commodities

Fox Business: Wall Street surges as Fed maintains an accomodative stance


              

New York Times: The Fed will start unwinding its stimulus next month

CNBC: Fed to taper bond buying by $10 billion per month

Tuesday, December 17, 2013
Another day of Taper Watch: The Dow slips 9 points as Wall Street pauses for wait and see

Treasurys hold gains following the auction of $32 billion of 2-year notes

Jim Grant: The stock market's overvaluation due to quantitative easing is a "hall of mirrors"

John Kosar: What a market technician feels would be necessary for a Santa Claus rally

The Federal government wasted at least $30 billion during 2013

Ten surprises (or outrageous predictions) that could rattle the markets

  Why do lottery players think they can defy the odds and actually win $636 million?    Because it's fun.   Is that so hard to understand?


                                           Everybody knows her name
                                                 Beyonce's new album

Monday, December 16, 2013
The Taper Watch is on, but the Dow still manages to jump 129 points on the day's trading


Capitol Report: Forget the third quarter productivity surge -- the longer trend is worrisome

North America may drown in oil due to the opening of foreign investment in Mexico's oil fields

Jesse Solomon: Markets to the Fed -- It's game time, baby!

Alan Fram: Congress targets the pensions of Federal workers for savings on the national budget

New York Times: District of Columbia federal judge rules against the NSA's phone data program

Fox News: Judge deals blow to the NSA phone data program


Sunday, December 15, 2013
Giving to charity in order to avoid the problems regarding the required minimum distribution from an IRA

Ten things the airlines will not tell you -- at least without a struggle


                              Anthony Hamilton: "The Best Of Me"

Saturday, December 14, 2013
China makes history with soft landing of lunar rover Jade Rabbit

      
                                               Ledisi: "I Blame You"
                              

Friday, December 13, 2013
Dow slips 16 points as Wall Street awaits next week's meeting of the FOMC


Reuters: Will the Fed end 2013 with a bang or with a whimper?


Greg Robb: The Fed wants to exit quantitative easing, but, at the same time, the desire is to keep long-term rates low


Military retirees: Congress, you have betrayed us


Money Staff: No, the rich in the United States do not pay all the taxes


Thursday, December 12, 2013
Dow drops 104 points, marking the third straight day of losses, as Wall Street anticipates the advent of tapering


New York Times: House approves a bipartisan bill regarding the budget and defense, and apparently averts the prospect of a government shutdown


Fox News: House overwhelmingly passes a two-year budget plan on a bipartisan vote


Mystery solved?  Washington Post: The FBI agent/guy on vacation missing in Iran since 2007 was actually on a rogue CIA mission


    Rush Limbaugh continues his daily effort to undermine ObamaCare in his sermon to the Pretzeled People. Today's subject: Loss of coverage      I would love to hook this man up to a polygraph in order to determine where the propaganda and political entertainment ends and the clinical delusion begins


       

                                               Leela James: "Say That"


Wednesday, December 11, 2013
Dow falls 130 points following an apparent budget compromise coming out of Washington

New York Times: The minimalist budget deal


Politico: The GOP is split on the budget deal

ObamaCare enrollment quadruples from October to November


    Real Clear Politics: Secretary Sebelius asks for inspector general investigation of her own agency's website


Tuesday, December 10, 2013
Wall Street takes a pause: The Dow falls 52 points as trading on the equity markets appears to await the outcome of next week's Fed meeting

Deutsche Bank: The Wall Street stock party's punch bowl is not running dry

           

  
Manufacturing in China fell marginally in November, but retail sales on the mainland outperformed forecasts


The Volcker Rule has been approved by five Federal regulatory agencies


NetNet: What you should know about the Volcker Rule

                                         

Tapering is key to price of gold and other commodities in 2014


Treasury Department closes the book on the General Motors bailout with a final stock sale


Chinese real estate investors are buying up Detroit at firesale prices


                  


New York Times: Crowds mass in South Africa to bid farewell and honor Madiba Nelson Mandela


Video of President Obama's address at the Nelson Mandela memorial


President Obama shakes hands with Cuba's Raul Castro at the Soweto memorial



Monday, December 9, 2013
Dow adds a 5 point gain during the day's trading, as the market focused on merger activity

Dollar holds firm at ¥103 amid speculation that the Fed may begin to taper next week


American and U.S. Airways will complete their merger today to form the largest U.S. air carrier

The Mumbai Sensex closed Monday at a record high following elections

               
Ansuya Harjani: Forget a slowdown, because China is due to accelerate

Anthony Mirhaydari: Ghosts of the 1929 Crash reappear -- pay attention, but this article is only offered as food for thought

CNBC: Top economists are a bit more optimistic about 2014


Races to watch: What will be the effect of ObamaCare on key 2014 races?

Financial Times: ObamaCare health plans will exclude some top hospitals


High deductibles fuel new worries regarding ObamaCare's affordability

Senator Ted Cruz slams the "lawless" implementation of ObamaCare

New York Post: Obama has created a Medicaid time bomb


ObamaCare could force thousands of volunteer fire departments to close

Zeke Emanuel: If you like your doctor, then you may be able to keep him at a higher price




Friday, December 6, 2013
Dow soars 199 points following the release of a better-that-expected jobs report, in which the unemployment rate fell to 7.0%

      

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"?
 
          Summary of Ayn Rand's Objectivist opus "Atlas Shrugged"

      Wall Street Journal: "Atlas Shrugged" -- from fiction to fact in 53 years

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many employees as possible -- giving a long-term unemployment problem to the U.S. economy, such as we have experienced over the last six years. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecok and Neal Boortz

Retired union workers are facing unprecedented cuts in their pensions

John Aziz: Try this instead of raising the minimum wage -- a basic income

Robert Powell: How to calculate the true cost of retirement

Thursday, December 5, 2013

  Summary of the life of Nelson Mandela


                                           Humanity pays tribute
                              As a towering and courageous Realist
                Passes into the ages and indelibly into World history



                             Table Mountain, Cape Town, South Africa

                       Donny Hathaway: "Someday We'll All Be Free"

Sunday, December 1, 2013

       New York Times:   Inside the race to rescue HealthCare.gov, and the Obama legacy

Fox News: The Administration will release more data on ObamaCare site's progress

 
China's November factory growth clings to an eighteen-month high on firm domestic and foreign demand

Morgan Housel: The economy is much better than you think

Chris Hayes: Iran and talk of appeasement at Munich

Chris Hayes: Discussion of the neocon reaction to the nuclear deal with Tehran


           Chinese J-15 fighter jet takes off from CV16 Liaoning aircraft carrier

Japan questions China's ability to police an air zone in South China Sea


                

                 Teena Marie and Ronnie McNeir: "We've Got To Stop"

                              Gladys Knight: "The Way We Were"

                               Earth, Wind and Fire: "Imagination"


Saturday, November 30, 2013

          
Denzel Washington's depiction of Harlem heroin kingpin Frank Lucas in "American Gangster" was a box office sensation.   This link is to a second trailer for the movie.

This link is to a lengthy documentary on Frank Lucas, giving more details of Lucas' drug ring that annually smuggled 2,200 pounds of pure heroin into the United States using military aircraft and military bases.

However, the true story leaves Hollywood far behind. For one thing, "American Gangster" gives the impression that with Lucas' arrest, the trafficking of heroin into the United States by the use of military transport aircraft ended. In fact, the trafficking continued unabated. I know this first-hand, because in the 1970s I was a foot soldier in America's so-called War on Drugs at Norton Air Force Base in San Bernardino, Californa. This turned out to be an extremely dangerous way to spend one's time in the military -- I would have been a lot safer if I was stationed in the jungles of Vietnam, because at least then the Air Force would have believed there actually was an enemy out there when I busted the Norton Air Force Base smuggling operation in January, 1976.

The drug cartel tried to kill me on two occasions in 1977, and they almost succeeded in permanently shutting my mouth on a third occasion in 1977 when they were actually trying to murder my wife.

One of the people with whom I worked in 1976 on a heroin smuggling case at Norton stated to me that the traffickers would kill both of us before they would let the story of this crime reach the public's attention. Sadly, he was half right; he was the victim of homicide outside St Louis in 1992, during a period of time when he was once again trying to help me get to the bottom of the Norton story. A few weeks earlier, on March 11, 1992, another man whom I was trying to reach for information regarding the situation at Norton was shot dead in New York City by a hitman contracted by a Colombian drug cartel. He was murdered on the very day I was scheduled to contact him. I can only infer from these two homicides that the Norton traffickers were potentially still active as recently as 1992, trying to cover the trail of their hideous crimes.

Jonathan Kwitny, a 16-year veteran reporter for the Wall Street Journal, wrote in his book "The Crimes of Patriots - A True Tale of Dope, Dirty Money, and the Central Intelligence Agency", that the shipments through Norton Air Force Base were orchestrated by senior U.S. officers, and the quantity of heroin trafficked on a regular basis was up to 50 pounds per shipment; plus, the heroin being smuggled through Norton was 100% pure China White - reputedly the most powerful heroin on the planet.

As a point of reference, the quantity of heroin involved in the famous 1971 "French Connection" film was the one-time shipment to New York City of 132 pounds of diluted heroin that was only 87% pure; nevertheless, the French Connection heroin was valued at $32 million on the streets of America

       It's way past time to get real about America's history 


Friday, November 29, 2013
Dow ends flat on Black Friday, registering a loss of 11 points, but the Nasdaq marches higher

Thomas H. Kee: The jobs report may put the Santa Claus rally on hold

                
                       
                          "Be Ever Wonderful"

                                 ATTENTION
For the fifth time in six years, the Calafia Oak Financial website was hacked by unknown persons who apparently disagree with the website's message

The Home page's text was corrupted for all of 2013 up through Thursday, November 28, 2013

The Archives and all other pages of the site were undamaged

The hacked areas were partially reconstructed, although visual images were not replaced and other font and spacing damage persists. However, the text and links are operable and virus free

To the person or persons responsible for this reprehensible action: Thanks for the compliment. Not that I doubted the effectiveness of  this site's message, since Calafia Oak Financial recently crossed the  landmark of four million hits over its existence. I look forward to your  next attempt to stop the message.  Maybe next time you'll get caught

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