Complacency Despite End Of World As We Know It - Investors.com
Headline from CNBC: "Global Meltdown: Investors Are Dumping Nearly Everything."
I assumed "Nearly Everything" was the cute name of a bankrupt, worthless, planet-saving green-jobs start-up backed by Obama bundlers and funded with a gazillion dollars of stimulus payback.
But apparently it's "Nearly Everything" in the sense of the entire global economy.
Saturday, September 24, 2011
Reforms Generate massive Savings
Reforms Generate massive Savings - 620 WTMJ - Milwaukee's Source for Local News and Weather
A detailed study by the MacIver Institute suggests potentially huge savings from Governor Walker's budget reform bill, perhaps as much as $622 million.
So, if you take the 494.95 per student savings from increased health insurance and pension payments, add in the $211.45 per student savings from school districts that shopped around for their health insurance, you come out to a potential savings of $706.40 per student.
$706.40 in potential savings per student x 881,886 students in Wisconsin = $622,964,270.40 in savings statewide.
.....Bottom line - the savings from increased contributions from teachers to pay for their own health insurance (12% required by Act 10) and pension (5.8% required by Act 10) benefits so far based on media reports around the state, 74 out of the 400 plus school districts in the state, is $162 million or $494.95 per student.
If you project out that average savings over the entire student population in Wisconsin (881,886 students statewide), you come to a potential savings of $448 million.
Just from health insurance and pension contributions.
With the added flexibility given in Act 10, school districts will be able to find other ways to save money.
A detailed study by the MacIver Institute suggests potentially huge savings from Governor Walker's budget reform bill, perhaps as much as $622 million.
So, if you take the 494.95 per student savings from increased health insurance and pension payments, add in the $211.45 per student savings from school districts that shopped around for their health insurance, you come out to a potential savings of $706.40 per student.
$706.40 in potential savings per student x 881,886 students in Wisconsin = $622,964,270.40 in savings statewide.
.....Bottom line - the savings from increased contributions from teachers to pay for their own health insurance (12% required by Act 10) and pension (5.8% required by Act 10) benefits so far based on media reports around the state, 74 out of the 400 plus school districts in the state, is $162 million or $494.95 per student.
If you project out that average savings over the entire student population in Wisconsin (881,886 students statewide), you come to a potential savings of $448 million.
Just from health insurance and pension contributions.
With the added flexibility given in Act 10, school districts will be able to find other ways to save money.
Sea Level: Another Thing The IPCC Got Wrong
Sea Level: Another Thing The IPCC Got Wrong JunkScience Sidebar
In its influential report the IPCC assumed that global sea level change during the past two thousand years up to the middle of the nineteenth century, was zero.
To my mind this is a puzzling statement.
Few parameters of our complex, changing world are actually zero.
If it is zero then it is in stark contrast to today’s rising seas, and if one was cynical one could deduce a political motive behind the IPCC’s sweeping statement.
Whatever the motivation it is obvious that looking at sea level change over the past two thousand years is essential to put today’s changes into context.
In its influential report the IPCC assumed that global sea level change during the past two thousand years up to the middle of the nineteenth century, was zero.
To my mind this is a puzzling statement.
Few parameters of our complex, changing world are actually zero.
If it is zero then it is in stark contrast to today’s rising seas, and if one was cynical one could deduce a political motive behind the IPCC’s sweeping statement.
Whatever the motivation it is obvious that looking at sea level change over the past two thousand years is essential to put today’s changes into context.
Friday, September 23, 2011
Chris Christie Reconsidering 2012 Run, Will Decide in Days
Chris Christie Reconsidering 2012 Run, Will Decide in Days
New Jersey Gov. Chris Christie is reconsidering his decision not to enter the 2012 presidential race — and he says he will let top Republican donors know within days about his plans, Newsmax has learned.!!!!!!!!!!!!!!!!!!!
New Jersey Gov. Chris Christie is reconsidering his decision not to enter the 2012 presidential race — and he says he will let top Republican donors know within days about his plans, Newsmax has learned.!!!!!!!!!!!!!!!!!!!
Meanwhile Things Are About To Get A Whole Lot Worse In Spain
Meanwhile Things Are About To Get A Whole Lot Worse In Spain
For example, the Bank of Spain took over (and operates) Caja del Mediterraneo (CAM) that has a delinquency rate greater than 40%.
The BoS wants to auction it off, but there does not seem to be any interested parties.
For example, the Bank of Spain took over (and operates) Caja del Mediterraneo (CAM) that has a delinquency rate greater than 40%.
The BoS wants to auction it off, but there does not seem to be any interested parties.
The President’s New Spending Plan, By the Numbers
The President’s New Spending Plan, By the Numbers Power Line
BarryO is a very poor liar.
And it seems everyone gets it by BarryO.
BarryO is a very poor liar.
And it seems everyone gets it by BarryO.
New gaffe: Obama hails America's historic building of 'the Intercontinental Railroad'
New gaffe: Obama hails America's historic building of 'the Intercontinental Railroad' - latimes.com
"We’re the country that built the Intercontinental Railroad," Barack Obama.
That's what the president of the United States flat-out said Thursday during what was supposed to be a photo op to sell his jobs plan next to an allegedly deteriorating highway bridge.
A railroad between continents?
A railroad from, say, New York City all the way across the Atlantic to France?
Now, THAT would be a bridge!
It's yet another humorous gaffe by the Harvard graduate, overlooked by most media for whatever reason. Like Obama saying Abraham-Come-Lately Lincoln was the founder of the Republican Party.
Or Navy corpseman.
Or the Austrian language.
Fifty-seven states.
The president of Canada. Etc.
"We’re the country that built the Intercontinental Railroad," Barack Obama.
That's what the president of the United States flat-out said Thursday during what was supposed to be a photo op to sell his jobs plan next to an allegedly deteriorating highway bridge.
A railroad between continents?
A railroad from, say, New York City all the way across the Atlantic to France?
Now, THAT would be a bridge!
It's yet another humorous gaffe by the Harvard graduate, overlooked by most media for whatever reason. Like Obama saying Abraham-Come-Lately Lincoln was the founder of the Republican Party.
Or Navy corpseman.
Or the Austrian language.
Fifty-seven states.
The president of Canada. Etc.
Return of the real Obama
Return of the real Obama - The Washington Post
In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result.
Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”
A most revealing window into our president’s political core:
To impose a tax that actually impoverishes our communal bank account (the U.S. Treasury) is ridiculous. It is nothing but punitive.
It benefits no one — not the rich, not the poor, not the government.
For Obama, however, it brings fairness, which is priceless.
In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result.
Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”
A most revealing window into our president’s political core:
To impose a tax that actually impoverishes our communal bank account (the U.S. Treasury) is ridiculous. It is nothing but punitive.
It benefits no one — not the rich, not the poor, not the government.
For Obama, however, it brings fairness, which is priceless.
Banks may face bigger Greek bond hit
Banks may face bigger Greek bond hit -Deutsche Bank Reuters
European banks may face a bigger-than-expected hit from an internationally agreed swap arrangement on Greek government debt, Deutsche Bank (DBKGn.DE) said on Friday.
Private sector creditors agreed in July to take a 21 percent loss on Greek bonds maturing before 2020, but the loss is more likely to be 25 percent or more, said Charlotte Jones, in charge of group controlling at Germany's biggest lender.
European banks may face a bigger-than-expected hit from an internationally agreed swap arrangement on Greek government debt, Deutsche Bank (DBKGn.DE) said on Friday.
Private sector creditors agreed in July to take a 21 percent loss on Greek bonds maturing before 2020, but the loss is more likely to be 25 percent or more, said Charlotte Jones, in charge of group controlling at Germany's biggest lender.
Drill, Cuba, Drill
Drill, Cuba, Drill - Investors.com
Deep-water drilling will resume in the Florida Strait when a giant, semi-submersible oil rig en route from Singapore arrives later this fall.
The bad news is it will not be American.
While U.S. oil and energy prices "necessarily skyrocket," as President Obama once said they would under energy policies that have imposed a de facto ban on offshore drilling, a massive Chinese-built semi-submersible oil rig is on its way from Singapore to a drilling position off northwest Cuba perhaps as little as 50 miles from Key West, Fla.
Deep-water drilling will resume in the Florida Strait when a giant, semi-submersible oil rig en route from Singapore arrives later this fall.
The bad news is it will not be American.
While U.S. oil and energy prices "necessarily skyrocket," as President Obama once said they would under energy policies that have imposed a de facto ban on offshore drilling, a massive Chinese-built semi-submersible oil rig is on its way from Singapore to a drilling position off northwest Cuba perhaps as little as 50 miles from Key West, Fla.
Minnesota High School Runner Josh Ripley Called Hero After Helping Competitor
Minnesota High School Runner Josh Ripley Called Hero After Helping Competitor - ABC News
"After I got cut, I just kind of fell," Mark said.
"It was around a 90-degree corner, and I was just trying to get out of the way of all the other runners.
I huddled against a fence, yelling, 'Can I get a transport over here?'"
That's when Josh stopped.
"He just picked me up without saying anything and started carrying me and trying to calm me down.
He said, 'It's going to be OK.
I'm going to get you to your coaches,'"
Mark said, estimating that he was carried about a quarter mile.
"I'm just incredibly grateful for what he did."
"After I got cut, I just kind of fell," Mark said.
"It was around a 90-degree corner, and I was just trying to get out of the way of all the other runners.
I huddled against a fence, yelling, 'Can I get a transport over here?'"
That's when Josh stopped.
"He just picked me up without saying anything and started carrying me and trying to calm me down.
He said, 'It's going to be OK.
I'm going to get you to your coaches,'"
Mark said, estimating that he was carried about a quarter mile.
"I'm just incredibly grateful for what he did."
OBAMA'S GONE COUNTRY: "I Blame Everyone" by Lars Larson is hilarious
"Obama Goes Country With 'I Blame Everyone, Man'
Recently, I kept hearing the president on the radio blaming hurricanes, tsunamis, earthquakes, the price of gas, tea party members and everything under the sun for the failure of his ridiculous policies for America.
I thought, “This sounds like one of those country western songs I love so much.
There has to be a way to put this to music.”
By co-incidence, a listener had just sent me a YouTube video of “I’ve Been Everywhere” (written by Geoff Mack in ‘59 and first put on the charts by Lucky Starr back in ‘62).
I contacted Kurt Van Meter, a bright young country/western singer/songwriter (his day job is police officer), and we teamed up for a parody cover of the tune.
It occurred to me that the president was trying to tell America, “The tsunami ate my homework,” so I sent Kurt a chorus line and a lot of ideas about the things I wanted to include in the lyrics.
We tried to work in everything the president has blamed (and a bunch of his other lame excuses), along with the names of folks who represent the right solutions for America (Ann Coulter, Sean Hannity, Glenn Beck, the Tea Party, etc.), I regret he couldn’t work in my friend Mark Levin, as he is probably the best thinker in the business.
In two weeks, we had a scratch recording, which Kurt then fine tuned with help from producer Ron “Chicabowwow” Chick.
Here’s what we came up with."
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