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Fuddnik

(8,846 posts)
Sat Aug 4, 2012, 04:07 PM Aug 2012

The Week-End Economists go to the dogs.

And not just because I took it upon my unworthy self to post it.

Haven't seen hide nor hair of Demeter, so I hope she's OK, and doing something enjoyable.


Up first, today is not just Barack Obama's birthday. It's Rosco's too! His second.


We don't have his birth certificate either, and we know he wasn't born in Kenya. They said Georgia, but he doesn't have the drawl.


Here he was at ten weeks, the day we got him.


And it will be Queen Sara's birthday on the 23rd.


And, we're supposed to be expecting rain later from a tropical wave, but they lie.

So, have at. When Demeter returns, she can have it back. It just ain't the week-end without the WEE.

61 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Week-End Economists go to the dogs. (Original Post) Fuddnik Aug 2012 OP
Looks like one bank went down last night. Waukegan Savings Bank, Illinois. Fuddnik Aug 2012 #1
Demeter said it was sisters bonding weekend. westerebus Aug 2012 #2
Well good. She deserves a party. Fuddnik Aug 2012 #4
Yes, she did at that! bread_and_roses Aug 2012 #10
No such luck -- it's computer problems Tansy_Gold Aug 2012 #33
Gets her &^&##$@! CURSER under control. westerebus Aug 2012 #54
Cursors! Foiled again! Fuddnik Aug 2012 #57
Sisters weekend was me, I think DemReadingDU Aug 2012 #39
Well that does it. westerebus Aug 2012 #55
FSoG is "bondage," you silly person. Not bonding. . . . Tansy_Gold Aug 2012 #51
Tomato *** Tomatoe westerebus Aug 2012 #56
Romney's Economic Adviser. And we thought Larry Summers was bad? Fuddnik Aug 2012 #3
Romney's Bogus Tax Plan bread_and_roses Aug 2012 #19
Laundering drug money at Adelson's Sands? Fuddnik Aug 2012 #5
I thought the preferred method..... AnneD Aug 2012 #16
Consumer agency probes mortgage insurance deals Mojorabbit Aug 2012 #6
Thank you Fuddnik and happy birthday to Rosco... Hotler Aug 2012 #7
Nice story. Fuddnik Aug 2012 #11
Similar to "Hound Dog Moses and the Promised Land" Tansy_Gold Aug 2012 #14
Lovin the doggies :) Happy Birthday Rosco! TY, Fuddnik, for posting your pics & stepping in mother earth Aug 2012 #8
Anyone live near Ann Arbor? Po_d Mainiac Aug 2012 #9
She just heard that she could get free, lousy, Domino's pizza with the gig. Fuddnik Aug 2012 #13
That's Demeter's neck of the north woods. Tansy_Gold Aug 2012 #15
Oh, Dear God, Isn't the Drought Enough? Demeter Aug 2012 #43
Thank you Fudd! bread_and_roses Aug 2012 #12
Happy Birthday Rosco!! westerebus Aug 2012 #17
Education goes to the dogs. Fuddnik Aug 2012 #18
happy weekend xchrom Aug 2012 #20
Caterpillar to unions: Drop dead xchrom Aug 2012 #21
The only thing that is going to cure this problem is a General Strike. Fuddnik Aug 2012 #36
i'm with you. xchrom Aug 2012 #37
Solidarity Forever n/t Tansy_Gold Aug 2012 #52
They've been doing that to teachers for decades Demeter Aug 2012 #45
Repeal of Glass-Steagall: Not a cause, but a multiplier xchrom Aug 2012 #22
Dems surrender in "The Republican War on Vegetables" bread_and_roses Aug 2012 #23
+1 xchrom Aug 2012 #25
Greece faces difficult odds with privatization xchrom Aug 2012 #24
ROUBINI: 'The London Olympics Are An Economic Failure As London Is Totally Empty' xchrom Aug 2012 #26
I got sick of the Olympics a long time ago. Fuddnik Aug 2012 #34
British Explorer Closes In On Legendary 'Treasure Of Lima' xchrom Aug 2012 #27
Zambian Miners Kill Chinese Supervisor Over Pay xchrom Aug 2012 #28
U.S. To Sell $4.5 Billion In AIG Stock In Public Offering xchrom Aug 2012 #29
Boeing Snags Airbus Buyer With Two Asia Deals For 94 Jets xchrom Aug 2012 #30
'Vengeance for ECB Bond-Buying Will Be Bitter' xchrom Aug 2012 #31
The Dog Days of Summer Tansy_Gold Aug 2012 #32
Saint Roch xchrom Aug 2012 #35
Saint Roch - San Rocco Tansy_Gold Aug 2012 #38
... xchrom Aug 2012 #40
until tuesday xchrom Aug 2012 #41
Reports of my demise Demeter Aug 2012 #42
Hang in there, it could be so much worse. DemReadingDU Aug 2012 #44
A true case of Back to the Future Demeter Aug 2012 #46
Well, we're all glad you're OK. xchrom Aug 2012 #47
I don't feel anything like okay,though Demeter Aug 2012 #48
Tansy mentioned above that you had crazy cursor problems. Fuddnik Aug 2012 #50
... xchrom Aug 2012 #49
Recipe....Doggie Popsicles... AnneD Aug 2012 #53
Mmmmm...Thanks. Fuddnik Aug 2012 #58
Question DemReadingDU Aug 2012 #59
Usually, anything frozen, my dogs lay down and lick it clean. Fuddnik Aug 2012 #60
My dogs slow down on the frozen stuff.... AnneD Aug 2012 #61

Fuddnik

(8,846 posts)
1. Looks like one bank went down last night. Waukegan Savings Bank, Illinois.
Sat Aug 4, 2012, 04:10 PM
Aug 2012

First Midwest Bank, Itasca, Illinois, Assumes All of the Deposits of Waukegan Savings Bank, Waukegan, Illinois

FOR IMMEDIATE RELEASE
August 3, 2012
Media Contact:
LaJuan Williams-Young
Office: 202-898-3876
Email: [email protected]

Waukegan Savings Bank, Waukegan, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Midwest Bank, Itasca, Illinois, to assume all of the deposits of Waukegan Savings Bank.

The two branches of Waukegan Savings Bank will reopen during normal business hours as branches of First Midwest Bank. Depositors of Waukegan Savings Bank will automatically become depositors of First Midwest Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of Waukegan Savings Bank should continue to use their existing branch until they receive notice from First Midwest Bank that it has completed systems changes to allow other First Midwest Bank branches to process their accounts as well.

This evening and over the weekend, depositors of Waukegan Savings Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.

As of March 31, 2012, Waukegan Savings Bank had approximately $88.9 million in total assets and $77.5 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Midwest Bank agreed to purchase essentially all of the failed bank's assets.

Customers with questions about today's transaction should call the FDIC toll-free at 1-800-823-3215. The phone number will be operational this evening until 9:00 p.m., Central Daylight Time (CDT); on Saturday from 9:00 a.m. to 6:00 p.m., CDT; on Sunday from noon to 6:00 p.m., CDT; on Monday from 8 a.m. to 8 p.m., CDT; and thereafter from 9:00 a.m. to 5:00 p.m., CDT.

bread_and_roses

(6,335 posts)
10. Yes, she did at that!
Sat Aug 4, 2012, 08:11 PM
Aug 2012

Am glad you remembered - sets my mind at rest -brain like sieve here, and worse in hot weather.

Tansy_Gold

(17,850 posts)
33. No such luck -- it's computer problems
Sun Aug 5, 2012, 10:19 AM
Aug 2012

She'll be back with us when she gets her cursor under control.


DemReadingDU

(16,000 posts)
39. Sisters weekend was me, I think
Sun Aug 5, 2012, 01:19 PM
Aug 2012

Just returned home from Cincinnati visiting with 2 of my sisters and my daughter.

We went to the Pompeii exhibit at the Cincinnati Museum, formerly the Union Train Station.
The exhibit was excellent!
http://www.cincymuseum.org/pompeii/

Ate dinner at the Local127 restaurant
http://www.mylocal127.com/

Shopped for bargains at the Premium Outlet Mall
http://www.premiumoutlets.com/outlets/outlet.asp?id=79
http://www.premiumoutlets.com/outlets/store_listing.asp?id=79 list of stores

And went to International food market, Jungle Jim's
http://www.junglejims.com/
http://www.junglejims.com/foodmarket/international-foods/index.asp?expandable=2


We had a great time! Another sister and her teenage daughter were not able to come this year, but hopefully next time. And if we do the next year sisters weekend in Indianapolis where they live, they will have to join us, lol.


and Thanks to Fuddnik for starting the thread, hoping Demeter's computer has a speedy recovery!




Fuddnik

(8,846 posts)
3. Romney's Economic Adviser. And we thought Larry Summers was bad?
Sat Aug 4, 2012, 04:15 PM
Aug 2012

TPM Editor’s Blog)
Inside the Romney Boom (36,000!)
Josh Marshall August 3, 2012, 1:59 PM 10684

Has anyone noticed that the Romney advisor behind the ‘Romney Economic Boom’ is the guy responsible for one of the most spectacularly wrong and wildly optimistic economic predictions of the 1990s?

This week the Romney campaign was knocked on its heels by a study which suggested that Romney’s tax plan would — in addition to giving a windfall to the wealthiest Americans — increase taxes on 95% of Americans. So the guy who’s running for President to turn back President Obama’s supposedly high-taxing and deficit creating ways would actually raise taxes on virtually everyone and also explode the deficit.

But, wait, there’s more!

Now, one of Romney’s problems in this debate is that he’s actually been extremely resistant about releasing any actual information about what’s in his plan. And that’s forced analysts to make various assumptions about what he’d actually do.

But the campaign’s main campaign angle has been to posit a Romney Economic Boom that would take hold on Romney’s election. So basically, all the formula and modeling doesn’t really matter because Romney’s policies would spur such massive growth that tax revenues just couldn’t help but go up and everyone would do great.

(snip)

So a typical supply-side argument. But just look who the campaign is putting forward as the expert on the Romney Economic Boom. I’m sort of surprised no one has pointing this out. It’s none other than Kevin Hassett.

Who’s Kevin Hassett? Well, he’s none other than the coauthor of the spectacularly boomtime late 90s bestseller Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market. As TPM Reader WM points out, not only was the book amazingly wrong and basically assumed the tech boom was permanent, the whole concept was based on the idea that stocks should be valued on a “formula that double-counted earnings and dividends. A true classic in wingnut economics.”

Now, just to clarify: Dow 36,000.

http://talkingpointsmemo.com/archives/2012/08/inside_the_romney_boom_36000.php?ref=fpblg

bread_and_roses

(6,335 posts)
19. Romney's Bogus Tax Plan
Sun Aug 5, 2012, 07:05 AM
Aug 2012
http://www.commondreams.org/headline/2012/08/04

Published on Saturday, August 4, 2012 by Common Dreams
Mathematics Impossible: Economists, Analysts Pile On Romney's Bogus Tax Plan
- Common Dreams staff

T
he Tax Policy Center, after assessing Mitt Romney's tax reform proposal this week, said flatly that the plan "would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers."

The Economic Policy Insitute's Ethan Pollack called the plan "not serious" because its stated goal -- to lower the deficit by cutting taxes for the wealthiest Americans -- "isn’t mathematically possible."

Challenging Romney's statement that unlike President Obama, he would put his tax plan "on the table," the Washington Post's Ezra Klein says the Romney has does exactly the opposite with his proposal:

... And Klein concludes with the same two words as Pollack when it comes to his overall assessment of Romney's plan: "mathematically impossible."

... Pat Garofalo, writing at ThinkProgress, discusses how the Tax Policy Center report shows that approximately 95% of US taxpayers would see a tax increase if Romney's plan was introduced: "if Romney were to actually implement his plan to reduce tax rates by 20 percent while eliminating tax deductions in order to pay for it, taxpayers with more than $200,000 would certainly see a tax cut. But everyone else — 95 percent of Americans — will see their taxes increase."


Although I find it impossible to really care - the choice of a slow boil or slashed throat not appealing much to me as any real choice at all - I do find the Romney prance and dance amusing.

Fuddnik

(8,846 posts)
5. Laundering drug money at Adelson's Sands?
Sat Aug 4, 2012, 04:23 PM
Aug 2012

In Vegas? Whooda thunk it?


WSJ: Vegas Sands target of money-laundering probe
No indications that billionaire Sheldon Adelson is being investigated


updated 1 hour 19 minutes ago

Print
Font:

CHICAGO — Las Vegas Sands Corp., controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of U.S. money-laundering laws, the Wall Street Journal reported on Saturday.

The Los Angeles U.S. attorney's office is looking into the casino company's handling of the receipt of millions of dollars from a Mexican businessman, later indicted in the United States for drug trafficking, and a former California businessman, later convicted of taking illegal kickbacks, the Journal said, citing lawyers and others involved in the matter.

The transactions date from the mid-2000s.

The Journal said there are no indications that actions by Adelson, who is the company's chief executive officer and largest shareholder, are being investigated.

The Los Angeles U.S. attorney could not be reached for comment by Reuters on Saturday. A Sands spokesman was not immediately available to comment to Reuters, but spokesman Ron Reese told the Journal, "The company believes it has acted properly and has not committed any wrongdoing."

http://www.msnbc.msn.com/id/48505603/ns/us_news-crime_and_courts/?__utma=14933801.1241560900.1343198498.1343932251.1344111494.8&__utmb=14933801.1.10.1344111494&__utmc=14933801&__utmx=-&__utmz=14933801.1343198498.1.1.utmcsr=%28direct%29|utmccn=%28direct%29|utmcmd=%28none%29&__utmv=14933801.|8=Earned%20By=msnbc|cover=1^12=Landing%20Content=Mixed=1^13=Landing%20Hostname=www.nbcnews.com=1^30=Visit%20Type%20to%20Content=Earned%20to%20Mixed=1&__utmk=254531080#.UB2DmqPW_AE

A Chinese-born Mexican national. Adelson doesn't own casinos in the far east does he?

AnneD

(15,774 posts)
16. I thought the preferred method.....
Sat Aug 4, 2012, 09:55 PM
Aug 2012

Of laundering drug cartel money was through the TBTF banks. Honestly, casino laundering is sooooo passé.

Mojorabbit

(16,020 posts)
6. Consumer agency probes mortgage insurance deals
Sat Aug 4, 2012, 04:24 PM
Aug 2012

Consumer agency probes mortgage insurance deals
The government's consumer finance watchdog is investigating deals that transferred billions in premiums charged to mortgage borrowers from mortgage-insurance
companies to the banks that made the loans.

The deals amounted to kickbacks, because the banks pressured insurers into them in exchange for a share of the banks' mortgage-insurance business, according
to civil lawsuits filed by borrowers and legal experts.

The Consumer Financial Protection Bureau has served subpoenas to American International Group Inc., MGIC Investment Corp. Genworth Financial Inc. and
Radian Group Inc., the companies said in public filings this week. The CFPB asked for documents and answers to written questions about captive mortgage reinsurance deals, they said.

The companies did not respond to requests for comment Friday.
http://www.mydesert.com/viewart/20120804/BUSINESS/208040304/Business-highlights-Saturday-Aug-4?odyssey=mod%7Cnewswell%7Ctext%7CFrontpage%7Cs

Hotler

(11,410 posts)
7. Thank you Fuddnik and happy birthday to Rosco...
Sat Aug 4, 2012, 06:26 PM
Aug 2012

Please give Rosco and Queen Sara a hug, a kiss, a scratch and a treat for me will ya. My two dogs have passed on and I have yet to re-up (I need new fencing). There is nothing in this world like the never ending love from dogs. let me offer a toast and a story to mans best friends.

A man and his dog were walking along a road. The man was enjoying the
scenery, when it suddenly occurred to him that he was dead. He
remembered dying, and that the dog walking beside him had been dead for
years. He wondered where the road was leading them.

After a while, they came to a high, white stone wall along one side of
the road. It looked like fine marble. At the top of a long hill, it was
broken by a tall arch that glowed in the sunlight. When he was standing
before it he saw a magnificent gate in the arch that looked like
mother-of-pearl, and the street that led to the gate looked like pure
gold.
He and the dog walked toward the gate, and as he got closer, he saw a
man at a desk to one side.

When he was close enough, he called out, "Excuse me, where are we?"

"This is Heaven, sir," the man answered.

"Wow! Would you happen to have some water?" the man asked.

"Of course, sir. Come right in, and I'll have some ice water brought
right up."

The man gestured, and the gate began to open.

"Can my friend," gesturing toward his dog, "come in, too?" the traveler
asked.

"I'm sorry, sir, but we don't accept pets."

The man thought a moment and then turned back toward the road and
continued the way he had been going with his dog. After another long
walk, and at the top of another long hill, he came to a dirt road
leading through a farm gate that looked as if it had never been closed.
There was no fence.
As he approached the gate, he saw a man inside, leaning against a tree
and reading a book.

"Excuse me!" he called to the man. "Do you have any water?"

"Yeah, sure, there's a pump over there, come on in."

"How about my friend here?" the traveler gestured to the dog.

"There should be a bowl by the pump."

They went through the gate, and sure enough, there was an old-fashioned
hand pump with a bowl beside it.

The traveler filled the water bowl and took a long drink himself, then
he gave some to the dog.

When they were full, he and the dog walked back toward the man who was
standing by the tree.

"What do you call this place?" the traveler asked.

"This is Heaven," he answered.

"Well, that's confusing," the traveler said. "The man down the road said
that was Heaven, too."

"Oh, you mean the place with the gold street and pearly gates?
Nope, that's hell."

"Doesn't it make you mad for them to use your name like that?"

"No, we're just happy that they screen out the folks who would leave
their best friends behind."


Fuddnik

(8,846 posts)
11. Nice story.
Sat Aug 4, 2012, 08:11 PM
Aug 2012

These two are waiting.



This is Duffy, aka The Amazing Fudd, who was a legend around here for years. He was the scourge of racoons for 12 years.





And the black one was Stoli, who was 2 years older. We had her for 13 years too.

Tansy_Gold

(17,850 posts)
14. Similar to "Hound Dog Moses and the Promised Land"
Sat Aug 4, 2012, 09:01 PM
Aug 2012

by Walter D. Edmonds

It was one of a bunch of dog stories in a collection my grandparents gave me for a birthday or Christmas gift when I was about 10 or so. I don't remember much about the other stories, but that one stuck with me for years and years and years and years, long after I'd forgotten who wrote it. I just remembered the dog's name, and the last line especially.

A couple of years ago I went looking for it online. To my delight, I found not only the title and author, but the complete text was available at Google. I think it's been removed since then due to copyright issues, but I grabbed the PDF while I could.


Fuddnik

(8,846 posts)
13. She just heard that she could get free, lousy, Domino's pizza with the gig.
Sat Aug 4, 2012, 08:15 PM
Aug 2012

And she's lobbying Monaghan to carry Marcus's favorite giant corn dogs.

bread_and_roses

(6,335 posts)
12. Thank you Fudd!
Sat Aug 4, 2012, 08:13 PM
Aug 2012

And happy happy to the pretty pups.

I am utterly exhausted - in 90's here - and I wilt in heat - it makes me actually ill. Took G'dtr to County Park so she could swim - wore my out totally. I'll try to contribute tomorrow if I'm recovered enough.

Fuddnik

(8,846 posts)
18. Education goes to the dogs.
Sun Aug 5, 2012, 06:36 AM
Aug 2012

For-profit colleges provide lesson in strong-arm sales: Plain Dealing
Published: Saturday, August 04, 2012, 12:30 PM
The Plain Dealer By Sheryl Harris, The Plain Dealer


At for-profit colleges, it's all about warm bodies and cold cash.

A scorching U.S. Senate committee report on for-profit colleges, issued last week, highlights some of the techniques recruiters used to extract commitments -- and financial aid -- from unsuspecting students.

The Senate examined 30 for-profit schools, many of which either have a location in Ohio or reach into the state through online programs. In a look at the schools' recruiting materials, investigators found high-pressure sales tactics more fit for a boiler room than the ivory tower.

Corinthian Colleges made it clear it didn't want any starry-eyed do-gooders hired as recruiters, according to the report. A training manual, one the college says has been revised, said, "Remember that this is a sales position and the new hire must understand this from the very beginning."

National American University encouraged recruiters to trawl for potential students at hair salons and Walmart or "any stores that may have people that need to get an education."

(snip)

http://www.cleveland.com/consumeraffairs/index.ssf/2012/08/for-profit_colleges_provide_le.html#incart_more_business
---------------------------------------------------------------------------------------

According to one "Education Corporation", salesmen are encouraged to troll for "pregnant ladies, welfare moms /kids, recently incarcerated, and drug rehab clinics". People who are more likely to make a decision on emotion, rather tha logic.

xchrom

(108,903 posts)
21. Caterpillar to unions: Drop dead
Sun Aug 5, 2012, 07:19 AM
Aug 2012
http://www.washingtonpost.com/caterpillar-to-unions-drop-dead/2012/08/03/7af72d6c-da9f-11e1-9745-d9ae6098d493_story.html

For decades, executives at unionized companies have harbored the fantasy that they could dictate the wages, benefits and working conditions of their employees, just like non-union firms. What stood in their way was the unions’ ability to mount a strike that would prove more costly than paying above-market compensation. In the language of economics, the strike gave workers market power.

Now, at a hydraulics plant in Joliet, Ill., this corporate fantasy is about to become economic reality. Thanks to globalization, declining union density and years of chipping away at labor laws, Caterpillar is set to prove that even unionized companies can operate as if they have no union at all.

It’s no longer just a matter of getting unions to agree to “concessions” and “give-backs” in order to save their plants or avoid corporate bankruptcy, as happened in the steel and auto industries. As Caterpillar aims to demonstrate in Joliet, even a thriving, global powerhouse posting record profits can take a strike and impose market-level wages and benefits on its unionized workers.

It’s been three months since Local 851 of the International Association of Machinists voted overwhelming to reject Caterpillar’s “best and final” offer and go out on strike. In terms of negotiations, there really haven’t been any. From the outset, Caterpillar made it clear that there really wasn’t anything to negotiate.

Fuddnik

(8,846 posts)
36. The only thing that is going to cure this problem is a General Strike.
Sun Aug 5, 2012, 10:47 AM
Aug 2012

Shut the whole fucking country down for a couple of days as a warning. They're not afraid of labor anymore, and it's time to put the fear of God back in them. There's no politician or any party that's going to save us. Had Lane Kirkland and the AFL-CIO walked out in support of the Air Traffic Controllers strike, Raygun would have backed down, and we wouldn't be in this position today.

The perfect opportunity arose last year in Wisconsin, and was gathering momentum until the Democratic Party turned it into a partisan political struggle, co-opted it, and blew it spectacularly.

When I worked on the railroad in the '90s we went without a contract for years, because under the Railway Labor Act, we couldn't legally go on strike, until a federal mediator declared an impasse, and released us to walk out. Years after it was apparent that the company wasn't bargaining in good faith, she wouldn't release us. But, what would you expect the daughter of a GHW Bush cabinet member to do?

So we launched an illegal slowdown, and within a week, we had the parent company on it's knees, and they finally settled.

We need labor to go back to it's militant roots, and get rid of the sellouts at the top.

xchrom

(108,903 posts)
37. i'm with you.
Sun Aug 5, 2012, 10:52 AM
Aug 2012

either the powers that become afraid of masses -- or the masses with continue to be exploited.

it's not fun and american exceptionalism games here.

they are welfare queens. THE welfare queens.

 

Demeter

(85,373 posts)
45. They've been doing that to teachers for decades
Sun Aug 5, 2012, 03:14 PM
Aug 2012

Having a union is at times worse than not, according to my teacher friends.

xchrom

(108,903 posts)
22. Repeal of Glass-Steagall: Not a cause, but a multiplier
Sun Aug 5, 2012, 07:25 AM
Aug 2012
http://www.washingtonpost.com/repeal-of-glass-steagall-not-a-cause-but-a-multiplier/2012/08/02/gJQAuvvRXX_story.html

When the Titanic set sail from Southampton on April 10, 1912, bound for New York, it was called “unsinkable.” This was before that chance encounter in the North Atlantic with a large iceberg. You know how that movie ended.

Many people died, of course, because there were too few lifeboats. But even if the luxury liner had four times as many, the Titanic still would have ended up on the bottom of the ocean, done in by a captain more concerned with speed than safety — and that iceberg.

This simple reality, however, obscures a broader truth.

Before it sank, more than 700 passengers loaded onto the 20 lifeboats on board and escaped with their lives. More than 1,500 others died. The Titanic had the capacity for 64 lifeboats, which could each hold 65 people. Fully loaded, they could have carried more than 4,000 to safety — or every man, woman and child aboard. Thus, many more could have survived.

While the shortage of lifeboats didn’t cause the sinking, this insufficiency after the crash was a factor in the 1,502 deaths.

I was reminded of this recently after reading articles that argued over the role the repeal of the Glass-Steagall Act played in the financial crisis. The Depression-era regulation that separated Main Street banks from Wall Street investment firms had a huge impact on the finance sector.

bread_and_roses

(6,335 posts)
23. Dems surrender in "The Republican War on Vegetables"
Sun Aug 5, 2012, 07:36 AM
Aug 2012
http://www.alternet.org/hot-news-views/republican-war-vegetables-gop-goes-bananas-meat-industry

The Republican War on Vegetables: GOP Goes Bananas for Meat Industry
Submitted by Julianne Shepherd on Sat, 2012-08-04 13:07

Over at Salon, David Sirota reports [1] from the frontlines of what Amanda Marcotte has amusingly dubbed “The Republican War on Vegetables.”

... In response to what amounts to a devastating national emergency, the USDA, in an inter-office newsletter circulated to employees, suggested (but in no way required) that those employees join the worldwide campaign to refrain from eating meat on Mondays. Sirota explains:

The idea is part of the worldwide “Meatless Monday” campaign ...

... So how did the right react to this (genuinely) modest proposal? Sirota enumerates some of the ways:

Rep. Steve King, R-Iowa, called the recommendation “heresy” and pledged to “have the double rib-eye Mondays instead.” Sen. Chuck Grassley, R-Iowa, told his drought-stricken constituents that “I will eat more meat on Monday to compensate” for the USDA suggestion. And Sen. John Cornyn, R-Texas, proudly posted a photo to his Facebook page showing a Caligulian smorgasbord of animal flesh that his Senate colleagues were preparing to scarf down as a protest against USDA.

... Alas ... after the trio’s antics, the USDA meekly announced [3] that it “does not endorse Meatless Monday.” According to a news report, the department said that “[t]he information on its website ‘was posted without proper clearance and it has been removed.’”


Where's that cartoon of the Dems cowering away from a skeletal spine?

xchrom

(108,903 posts)
24. Greece faces difficult odds with privatization
Sun Aug 5, 2012, 08:02 AM
Aug 2012
http://www.washingtonpost.com/world/greece-faces-difficult-odds-with-privatization/2012/08/03/6614cb92-d816-11e1-b360-33e7ac84e003_story.html


Angelos Tzortzinis/Bloomberg - A man looks out over the illuminated city skyline of Athens, Greece, on Tuesday, Dec. 6, 2011. Greece's budget deficit will also narrow thanks to measures already approved by lawmakers in October.

MOUNT PARNITHA, Greece — The gods lived at Mount Olympus, but the gamblers live at a casino on Mount Parnitha, and, lately, Greek leaders have been praying to strike it big here.

The Greek government owns an unusual half-stake in this mountaintop casino, the second-largest in the country, and Prime Minister Antonis Samaras has vowed that selling it — along with dozens of other properties, buildings and companies across the country — will be a top priority in last-ditch efforts to save the Greek economy.

But with time ticking on Greece’s bailout, and the country’s future on the shared euro currency ever more in question, the odds are stacked against him.

Greece owns large swaths of sectors like gambling that in other countries are in private hands. The arrangement helped derail Greece’s finances in the first place, with powerful unions bidding up workers’ salaries to unsustainable levels and money leaking to politically connected contractors. Now, few investors want to bet their money on these properties in the middle of what Samaras has called “our version of the Great Depression.” And it is not politically attractive to sell off Greece’s crown jewels at fire-sale prices.

xchrom

(108,903 posts)
26. ROUBINI: 'The London Olympics Are An Economic Failure As London Is Totally Empty'
Sun Aug 5, 2012, 08:20 AM
Aug 2012
http://www.businessinsider.com/roubini-the-london-olympics-are-an-economic-failure-as-london-is-totally-empty-2012-8

Economist Nouriel Roubini is tweeting doom about the London Olympics this morning.
His tweets:

UK policymakers scared so much folks before the Olympic that London is a deserted city: non-olympic tourists are away; londoners are gone!

The Olympics are an economic failure as London is totally empty:hotels, restaurants, streets. They scared all off with crowd excess warnings

By scaring every1 to stay out of London with warnings about too many people coming here it turns that London is totally empty, a zombie city

RT @Notgiamatti @Nouriel The Yogi Berra effect! Nobody goes there, it's too crowded.

The West End - usually packed on any Saturday night - was an empty waste land last nite: barely a soul to be found in theaters, bars, etc

They scared away all non-olympic tourists that pack london all summer;they pushed most londoners to escape;they told 2million to work @ home

RT @_garrilla @Nouriel that's the 'olympic economy' - all dispacement & deadweight (oh, and hot air)


Read more: http://www.businessinsider.com/roubini-the-london-olympics-are-an-economic-failure-as-london-is-totally-empty-2012-8#ixzz22fpKceWs

Fuddnik

(8,846 posts)
34. I got sick of the Olympics a long time ago.
Sun Aug 5, 2012, 10:24 AM
Aug 2012

Especially when the started adding crap like badminton and dressage. Along with the collapse economically of the games, you have teams throwing matches to get a better placement in the next round. Fixed boxing matches. Who's running this thing, Don King?

A City has to pretty much turn themselves over to the Stasi and Thought Police to hold the games. Nobody other than an "official sponsor" like Dow Chemical or Monsanto, or Gatorade can attempt to use an Olympic symbol. One meat shop owner was threatened with legal action for hanging sausages in his storefront in the likeness of the Olympic rings.

Londoners were told all events were sold out two years ago, because they gave away most of the seats to athletic federations, and now they're performing to half-empty audiences, and us proles still can't get in.

Fuck 'em all. London is stuck with a $14 billion tab in this era of austerity.

Get your priorities straight, assholes!

xchrom

(108,903 posts)
27. British Explorer Closes In On Legendary 'Treasure Of Lima'
Sun Aug 5, 2012, 08:24 AM
Aug 2012
http://www.businessinsider.com/british-explorer-closes-in-on-legendary-treasure-of-lima-2012-8



It eluded Franklin Roosevelt, Sir Malcolm Campbell and Errol Flynn, but now an explorer from Melton Mowbray could be on the trail of a multi-million-pound hoard of gold, silver and jewellery stolen by pirates and buried on a treasure island.

Shaun Whitehead is leading an archaeological expedition to Cocos Island, the supposed hiding place of the “Treasure of Lima” – one of the world’s most fabled missing treasures.

The haul – said to be worth £160 million – was stolen by a British trader, Captain William Thompson, in 1820 after he was entrusted to transport it from Peru to Mexico.

He is said to have been stashed his plunder on the Pacific island, from where it has never been recovered.




Read more: http://www.businessinsider.com/british-explorer-closes-in-on-legendary-treasure-of-lima-2012-8#ixzz22fqAbZKj

xchrom

(108,903 posts)
28. Zambian Miners Kill Chinese Supervisor Over Pay
Sun Aug 5, 2012, 08:27 AM
Aug 2012
http://www.businessinsider.com/zambian-miners-kill-chinese-supervisor-over-pay-2012-8

LUSAKA (Reuters) - Zambian miners killed a Chinese supervisor and seriously wounded another on Saturday in a pay dispute at the Collum coal mine, labor minister Fackson Shamenda said on Sunday.
Chinese companies have invested more than $1 billion in copper-rich Zambia but animosity towards them is growing as Zambian workers accuse firms of abuses and underpaying.
Workers at the Collum mine, situated 325km (200 miles) south of the capital, attacked the Chinese men demanding wage rises in line with those stipulated by the government in July.
Zambia last month raised minimum wages to 522,000 kwacha ($110) for maids and household servants, and to 1.1 million kwacha ($220)for shop workers without unions.


Read more: http://www.businessinsider.com/zambian-miners-kill-chinese-supervisor-over-pay-2012-8#ixzz22frAUYqF

xchrom

(108,903 posts)
29. U.S. To Sell $4.5 Billion In AIG Stock In Public Offering
Sun Aug 5, 2012, 09:33 AM
Aug 2012
http://www.bloomberg.com/news/2012-08-03/treasury-to-sell-4-5-billion-in-aig-stock-in-public-offering.html

The U.S. Treasury Department has begun an offering of $4.5 billion in American International Group Inc. (AIG) shares, and the bailed-out insurer plans to buy back as much as $3 billion of the stock.

Citigroup Inc. (C), Deutsche Bank AG (DBK), Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. are managing the sale, and other banks are expected to be added, the Treasury said in a statement today.

A $4.5 billion sale would be the smallest of four offerings of AIG stock by the Treasury Department. The U.S. holding was cut to 61 percent from 92 percent in the first three sales, which raised more than $17 billion for the Treasury. AIG has raised funds for repurchases by divesting assets including part of its stake in Hong Kong-based insurer AIA Group Ltd.

“Ongoing asset sales and share buybacks are a near-term catalyst for AIG,” Jimmy Bhullar, an analyst at JPMorgan, wrote in a research note today before the announcement.

xchrom

(108,903 posts)
30. Boeing Snags Airbus Buyer With Two Asia Deals For 94 Jets
Sun Aug 5, 2012, 09:41 AM
Aug 2012
http://www.bloomberg.com/news/2012-08-03/singapore-air-unit-to-add-54-boeing-737s-ending-all-airbus-fleet.html

Boeing Co. (BA) reached agreements to sell 94 of its single-aisle 737 planes to Asian carriers, including an accord with a Singapore Airlines Ltd. (SIA) unit that has an all- Airbus SAS fleet.

SilkAir, Singapore Air’s regional arm, said today it committed to buy 54 737s, including 31 of the new Max 8, while a China Southern Airlines Co. (1055) unit ordered 40 737-800s. The deals’ list value is $8.3 billion, from which the carriers typically would get discounts.

“It is a big positive for Boeing that they have managed to get the confidence of Singapore Airlines,” said Ahmad Maghfur Usman, an analyst at OSK (Asia) Securities in Kuala Lumpur. “Going forward, Singapore Air will continue to order Boeing.”

The deal is a boost for Boeing as the Chicago-based company and Airbus revamp their narrow-body models to compete in the biggest segment of the global aircraft market. Boeing has amassed more than 1,200 orders and commitments for the Max since the jet’s 2012 unveiling, of which 649 were firm as of July 31.

xchrom

(108,903 posts)
31. 'Vengeance for ECB Bond-Buying Will Be Bitter'
Sun Aug 5, 2012, 10:06 AM
Aug 2012
http://www.spiegel.de/international/europe/german-press-reactions-to-draghi-plan-for-ecb-euro-crisis-involvement-a-848119.html

The markets were disappointed. European Central Bank head Mario Draghi's press conference on Thursday sent stock indexes around the world plummeting, as investors had been hoping the bank would immediately resume buying up sovereign bonds from crisis-stricken euro-zone countries. Even worse, Spain's borrowing costs on 10-year bonds rocketed above the critical 7 percent mark -- a product of Draghi's press-conference pledge that the ECB would only step in if a country applies for a euro-zone bailout.

Many politicians in Germany, however, were ecstatic. Leaders from most of the country's major parties welcomed Draghi's inaction, including lawmakers from parties in Chancellor Angela Merkel's governing coalition.
"I completely agree with ECB President Mario Draghi that decisive consolidation and reform policies at the national level should be the absolute top priority and are indispensable," said Economy Minister Phillip Rösler. The leader of Merkel's junior coalition partner, the Free Democratic Party (FDP), Rösler is also deputy chancellor. He added that monetary policy cannot replace national efforts and "does not offer a lasting solution to the crisis."

Wary of Bond Purchases

Senior FDP member Rainer Brüderle, who was economy minister prior to Rösler, added that "the ECB should concentrate on its core competency. Fundamentally, it is not the duty of a central bank to participate in state financing."

Tansy_Gold

(17,850 posts)
32. The Dog Days of Summer
Sun Aug 5, 2012, 10:09 AM
Aug 2012

Fuddnik, you couldn't have picked a more appropriate topic if you had tried! (And I know you didn't try. . . . . )


http://en.wikipedia.org/wiki/Dog_Days

In the Northern Hemisphere, the dog days of summer are most commonly experienced in the months of July and August, which typically observe the warmest summer temperatures. In the Southern Hemisphere, they typically occur in January and February, in the midst of the austral summer. The name comes from the ancient belief that Sirius, also called the Dog Star, in close proximity to the sun was responsible for the hot weather.

The Romans referred to the dog days as diēs caniculārēs and associated the hot weather with the star Sirius. They considered Sirius to be the "Dog Star" because it is the brightest star in the constellation Canis Major (Large Dog). Sirius is also the brightest star in the night sky. The term "Dog Days" was used earlier by the Greeks (see, e.g., Aristotle's Physics, 199a2).

The Dog Days originally were the days when Sirius rose just before or at the same time as sunrise (heliacal rising), which is no longer true, owing to precession of the equinoxes. The Romans sacrificed a brown dog at the beginning of the Dog Days to appease the rage of Sirius, believing that the star was the cause of the hot, sultry weather.

Dog Days were popularly believed to be an evil time "the Sea boiled, the Wine turned sour, Dogs grew mad, and all other creatures became languid; causing to man, among other diseases, burning fevers, hysterics, and phrensies." according to Brady’s Clavis Calendaria, 1813.[1]

The modern French term for both this summer period (and for heat waves in general) "canicule", derives from this same term. It means "little dog", again referring to Sirius

In Ancient Rome, the Dog Days ran from July 24th through August 24th, or, alternatively, from July 23 through August 23rd. In many European cultures (German, French, Italian) this period is still said to be the time of the Dog Days. Jeff Kinney's Dog Days The Old Farmer's Almanac lists the traditional period of the Dog Days as the 40 days beginning July 3rd and ending August 11th, coinciding with the ancient heliacal (at sunrise) rising of the Dog Star, Sirius. These are the days of the year with the least rainfall in the Northern Hemisphere.

According to the 1552 edition of the The Book of Common Prayer, the "Dog Daies" begin July 6th and end August 17th. But this edition, the 2nd book of Edward VI, was never used extensively nor adopted by the Convocation of the Church of England. The lectionary of 1559 edition of the Book of Common Prayer indicates: "Naonae. Dog days begin" with the readings for July 7th and end August 18th. But this is noted as a misprint[2] and the readings for September 5th indicate: "Naonae. Dog days end". This corresponds very closely to the lectionary of the 1611 edition of the King James Bible (also called the Authorized version of the Bible) which indicates the Dog Days beginning on July 6th and ending on September 5th. A recent reprint of the 1662 edition of the Book of Common Prayer contains no reference to the Dog Days.

Please note: Due to introduction of the modern Gregorian Calendar, 11 days must be added to each of the 16th and 17th Century dates referenced above for them to correlate correctly with modern-day dates as concerns astronomical observations and climate. First adopted by Southern European Catholic countries in the 16th Century, the Gregorian Calendar was not used in England or its New World colonies until 1752. This modern calendar accurately calculates the astronomical length of one year (the exact time it takes the earth to orbit the sun) to be 365.2425 days. This corrected the approximated 365 and 1/4 day year length of the previously used Julian Calendar introduced in 46 B.C. Because the length of each Julian Calendar year was 11 minutes 48 seconds too long, over the centuries, seasonal changes gradually occured on earlier and earlier dates. The Gregorian Calendar uses a formula to reduce from 100 to 97 the number of leap years (extra days) in a 400-year period thus cutting the average calculated length of a year to its actual duration. By 1752 when the Gregorian Calendar was adopted by England, the Julian Calendar had fallen behind by 11 days total since 46 B.C. Upon implementation of the Gregorian Calendar, those days were added back by jumping overnight from September 2nd to September 14th, 1752, thus catching the calendar up with the seasons.

The Book of Common Prayer would have provided the official liturgical calendar for Jamestown, Virginia, from 1607 so it may be assumed that the Dogs Days likely have been known in the New World at least since that time.


The feast day of Saint Roch, the patron saint of dogs, is August 16.


xchrom

(108,903 posts)
35. Saint Roch
Sun Aug 5, 2012, 10:43 AM
Aug 2012

Painted and gilded limewood statue of St Roch, Rioja, Spain, 1540-50. Museum no. A. 66-1951

http://www.vam.ac.uk/content/articles/s/saints-suffering/

Certain saints were associated with certain ailments, and became known as patron saints (specialist intercessors) for people suffering from those ailments. Saint Roch, for example, who suffered from the plague, became the patron saint of lepers and plague victims. Traditionally St Roch is said to have been born in Montpellier, France, in about 1295 and devoted his life to tending to the poor and the sick. At Piacenza, Italy, he himself contracted the plague and was expelled into the woods. There, ill and starving, he was saved when a hunting dog belonging to a local nobleman found him and brought him bread and healed his wounds by licking them.




Novena In Honor Of Saint Roch (beginning August 7th)
http://www.stroccodipotenza.com/novena.cfm

***SNIP

Glorious Saint Roch, who, when attacked by the plague, wert driven from the hospital and forced to take refuge in a forest, where thou hadst no food but the bread which a faithful dog brought to thee from the table of his master day by day, until miraculously cured didst resume thy home-ward journey, obtain for us we beseech thee, from God the virtue of patience in all the trials of this life, that we may obtain the recompense and reward of them in the next. Our Father, Hail Mary, Glory be, etc.

Tansy_Gold

(17,850 posts)
38. Saint Roch - San Rocco
Sun Aug 5, 2012, 10:53 AM
Aug 2012

(Deleted because of massive formatting issues, and because Xchrom found better pictures!)

 

Demeter

(85,373 posts)
42. Reports of my demise
Sun Aug 5, 2012, 03:09 PM
Aug 2012

are only slightly premature.

Thanks Fuddnik for filling the breach. I have never wanted a shotgun so much as I do now, to blast the computer with.

I will be spending way too much time trying to get back on line (I'm at the library) this week.

I hate my life. That is all.

DemReadingDU

(16,000 posts)
44. Hang in there, it could be so much worse.
Sun Aug 5, 2012, 03:14 PM
Aug 2012

You're fortunate that you have a library that has a a computer that can access the Internets!

I worry the day when the entire electric grid goes down in America.


 

Demeter

(85,373 posts)
46. A true case of Back to the Future
Sun Aug 5, 2012, 03:21 PM
Aug 2012

It's been like the Long Hot Summer around here...I read a lot that year.

I was supposed to be in summer school, but it got canceled due to the riots...

 

Demeter

(85,373 posts)
48. I don't feel anything like okay,though
Sun Aug 5, 2012, 03:38 PM
Aug 2012

It was incredibly hot and humid Saturday night, and then this drizzle after some of the loudest thunder ever, and now, back to the burning sun and humidity.

I feel like itching power all over, irritable to the max.

Going out for dinner with the kids, though. Red Lobster offered us $20 in coupons...I wish I could drink, but since somebody has to drive...

Sometimes, food does help, especially if there are no dishes after.

Fuddnik

(8,846 posts)
50. Tansy mentioned above that you had crazy cursor problems.
Sun Aug 5, 2012, 05:11 PM
Aug 2012

I had a problem like that last year, where the cursor would fly all over the place on it's own. It was a Microsoft wireless optical keyboard-mouse. You could try re-installing the mouse drivers or replace it, if that's the problem.

Welcome back. We missed you.

AnneD

(15,774 posts)
53. Recipe....Doggie Popsicles...
Sun Aug 5, 2012, 06:59 PM
Aug 2012

18 oz of plain nonfat yogurt
1/2 c of peanut butter
1/2 mashed banana
1 T honey

Blend yogurt and peanut butter until smooth. Add banana and honey. Pour into forms (cups will due). Place a doggie biscuit half way into the cup for a handle. Freeze until solid and remove.

My mutts love this and I am sure yours will too. Give me some feed back.

Fuddnik

(8,846 posts)
58. Mmmmm...Thanks.
Sun Aug 5, 2012, 08:18 PM
Aug 2012

I'll make them some tomorrow. I have all the ingredients sitting here, except plain yogurt. I have plenty of Greek yogurt for me.

My wife buys, Frosty Paws for them, but usually the cheaper Dogster cups. They'll love 'em.

DemReadingDU

(16,000 posts)
59. Question
Sun Aug 5, 2012, 08:19 PM
Aug 2012

Sounds yummy, my dogs already love to eat these ingredients, and clean out the containers after we are finished.

But, how do your dogs eat these frozen treats? Do you use a large 8-oz cup, or a small 1/4 cup size?

I am fearful my dogs would eat the frozen treat in one gulp and I would need to do the Heimlich Maneuver to extract it from their throat.



Fuddnik

(8,846 posts)
60. Usually, anything frozen, my dogs lay down and lick it clean.
Sun Aug 5, 2012, 09:18 PM
Aug 2012

The Frosty Paws, and Dogsters are about the size of a Dixie ice cream cup.

They also lick out my yogurt containers, which I think are 6 or 8 oz.

AnneD

(15,774 posts)
61. My dogs slow down on the frozen stuff....
Mon Aug 6, 2012, 06:40 AM
Aug 2012

Old yogurt cups are great forms. Dip the frozen cups in warm water and they pop right out. The dog biscuit handle is a nice extra.

My dogs are so neat about it. They hold the pops down and lick them so there is no stray drips.

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