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Profile Information

Gender: Female
Hometown: Washington state, for half my life
Home country: USA
Current location: SW Alabama. for the rest of my life
Member since: Wed Feb 27, 2008, 02:09 PM
Number of posts: 59,688

About Me

Long time political activist, working to tint my lil "Mayberry" more blue. Collector of strays of various species and minds.

Journal Archives

Fed Up Investors Yank Cash From Almost Everything Just Like 2008

Mom and pop are running for the hills.

Since July, American households -- which account for almost all mutual fund investors -- have pulled money both from mutual funds that invest in stocks and those that invest in bonds. It’s the first time since 2008 that both asset classes have recorded back-to-back monthly withdrawals, according to a report by Credit Suisse.

Credit Suisse estimates $6.5 billion left equity funds in July as $8.4 billion was pulled from bond funds, citing weekly data from the Investment Company Institute as of Aug. 19. Those outflows were followed up in the first three weeks of August, when investors withdrew $1.6 billion from stocks and $8.1 billion from bonds, said economist Dana Saporta.


this little tidbit is one of example of THIS trenchant piece which says we ARE in a crash:

Screw it, I’m calling it. I’ve been watching the so-called “markets” of China, the United States and a couple dozen other countries fall off a cliff, get up, stagger upward, fall off another cliff, and repeat. I’ve been listening to the chattering class say over and over again, this is normal, seen this before, everybody buy the dip. I’ve been watching the zombie oil-fracking revolution in this country go into spasms, jerking a few feet forward, a few feet back, gasping for breath, while the cheerleaders agree: perfectly normal, blood pressure okay, reflexes good, lend them more money. This is not normal, it is not okay, it is the Crash of 2015.

We will not likely agree on this until we stop using wildly different languages with which to discuss it. First of all, to refer to these things as “stock markets,” as if they were places where equities were bought and sold based on the soundness and prospects of the companies listed, is akin to putting your faith in the tooth fairy and Santa Claus.

These places are casinos filled with gambling addicts using other people’s money to bet, not on the future of a stock but on the popularity of a stock among the greater fools on whom the gambler must unload the shares of Consolidated Aggregators he just bought on the dip. In this casino, trading in shares themselves is like playing the slot machines, there in the lobby of the casino for the amusement of the little people risking their quarters. The real games are played in private rooms with derivatives, futures, hedges, credit default swaps, junk bonds. The master of the universe are even gambling on the outcomes of corporate lawsuits (and for what reason, do we suppose, has that practice alone drawn the disapproving attention of the drones of Washington?). They are buying hedges against the volatility of securities indexed to the volatility of the market. If you can think about that one for more than 30 seconds without your head exploding, your mellowness index is in the stratosphere. Increasingly the gambling is being done by machines, programmed by the Masters to detect the circumstances under which they are to blow up the world.


Hurricane Fred sets new record for the easternmost hurricane formation in the tropical Atlantic -

Hurricane Fred, which formed over the weekend in the far eastern Atlantic, is truly one of a kind. Not only has Fred set the record for easternmost hurricane in the tropical Atlantic Ocean, it prompted the very first hurricane warning for the Cape Verde Islands and has provided the first satellite view of a hurricane in the region since weather satellites were launched into space in the early 1960s.

Hurricane Fred is the first to actually pass over the Cape Verde Islands as a hurricane.

Hurricane Fred was born from Tropical Depression Six, which formed early Sunday morning just west of the coast of Africa. The system was quickly upgraded to Tropical Storm Fred, remarkably far east in the Atlantic. Then on Sunday night, forecasters at the National Hurricane Center saw enough strength in Fred to make it the second hurricane of the 2015 season, which also made it the easternmost hurricane formation on record in the Atlantic Ocean.

Selfie with rattlesnake turns out exactly like you think it would

Alex Gomez, 36, was picking up trash with his nephew at his family's ranch in Lake Elsinore, California, when he picked up a rattlesnake,
put it around his neck and took a selfie.
He was rushed to the hospital and treated with anti-venom, but the swelling may cause doctors to amputate his hand.

There is video at link, but it is a news video talking about the above.

Historical: 3 major hurricanes simultaneously in Pacific east of Int'l Dateline -

Kilo, Ignacio & Jimena

(good thing climate change is not real...whew!)

Sheriff's deputy killed in shooting at gas station


The Harris County Sheriff's Office is investigating after a sheriff's deputy was fatally shot while on duty Friday at a Chevron gas station.

Sources told KPRC 2 that the officer was shot while pumping gas into his patrol car. Authorities said he was shot multiple times in the back and then shot multiple times once he was on the ground. Investigators said there is no known motive as this time and the shooter said nothing to the deputy before opening fire.

Anyone been keeping track of how many cops are being shot this year?
Seems like quite a few.

In this case, the deputy was assassinated, from the looks of it.

Well well well... Look what the head honchos of Dole did to rip off shareholders

Judge Says Top Dole Execs Owe Shareholders $148M For Driving Down Company’s Stock Price Before Buyout

CEO and chairman of the board David H. Murdock, and the company’s former chief operating officer, C. Michael Carter fraudulently drove down their company’s stock price so they could shortchange shareholders and buy the business on the cheap.

Vice Chancellor J. Travis Laster of Delaware’s Court of Chancery ordered Murdock and Carter to reimburse shareholders $148 million, reports the New York Times. His decision [PDF] comes after a February trial prompted by shareholders in the company, who didn’t think Murdock’s deal to buy the 60% of the company he didn’t own in 2013 was entirely on the up-and-up.

Before coming to the table with a deal for shareholders, Vice Chancellor Laster said Carter had misstated how much Dole could earn if it were to sell of some of its businesses, and canceled a stock buyback program.

That drove down the valuation of the stock, the judge said in his decision. Murdock at first offered $12 per share, which was negotiated up to $13.50 per share after an independent board committee checked out the deal.

Carter then gave the committee a set of artificially low management projects, while at the same time delivering a much more accurate picture to potential lenders involved in the takeover bid.

Man, it seems no one is honest anymore.

America in the Middle East: Learning Curves are for Pu**ies..Jon Stewart

I am gonna miss him soooooo much...

Here he is in great trenchant form on our Middle East policy:


Clerk who denied same-sex marriage license in Ky., temporarily shuts office for 'computer upgrades'

Breaking News update update to this story:[

MOREHEAD, Ky. - For two months since the United States Supreme Court legalized same-sex marriage across the country, a clerk in a rural Kentucky county has refused to issue any marriage licenses, citing her Christian faith and constitutional right to religious freedom.

On Thursday, Rowan County Clerk Kim Davis' office refused to issue a marriage license to another couple, William Smith Jr. and James Yates. It was their third attempt to get a license.

U.S. District Judge David Bunning had already ordered Davis to issue marriage licenses two weeks ago. He later delayed that ruling until Aug. 31 or until the U.S. 6th Circuit Court of Appeals issued a ruling. The appeals court did so on Wednesday, denying Davis' appeal.

But a deputy clerk in Davis' office told Smith and Yates on Thursday that the office believes Bunning's delay remains in effect until Aug. 31. He refused to give his name or give them a license.

pics and more at link

The Fires this time........

The most ominous thing about these fires is that they are not merely an effect of climate change, they are a cause.
The burning of the forests and tundra is releasing astounding quantities of carbon, stored for centuries in the wood and the permanently frozen subsoil.
Melting permafrost releases methane, a greenhouse gas many times more destructive of the world’s climate than carbon dioxide.
The fires are in fact a feedback mechanism, accelerating climate change as climate change accelerates them.

In one of Ray Bradbury’s searing, never-to-be-unread short stories, an astronaut in a space suit is floating languidly in space, musing on his existence and the wonderful perspective he has on the blue planet Earth below him. Shortly we learn that these are the musings of a doomed man, as he is in fact hurtling toward that earth and will die a fiery death when he hits the atmosphere. Just before that happens, we leave him, and join a mother and small child taking an evening walk as the child looks up in wonder and says, “Look, Mom! A shooting star!”

Somewhere in the northern hemisphere tonight, a small child will look up in wonder and say, “Look, Mom! What a pretty sunset!”

Excellent website, and writer.

Good news! Arizona Severs Ties With Prison Operator Over July Riots

Arizona is severing ties with a private prison operator over what the state says was a string of security and training lapses that led to violent riots in July.

Gov. Doug Ducey announced the action against Management and Training Corp. on Wednesday after the state released a scathing report about numerous issues at the prison. Ducey says what happened at the prison was "frightening, disturbing and completely unacceptable."

The unrest began July 1 in a minimum-security unit when private corrections officers tried to stop an inmate-on-inmate assault. A full-blown riot broke out the next day in another unit.

The riot left some housing units so badly damaged that more than 1,100 prisoners had to be moved to other facilities. Nine corrections officers suffered minor injuries.

( entire short article in the excerpt)
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