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IMF Says Bailouts Iceland-Style Hold Lessons in Crisis Times

Posted on August 23rd, 2012 at 23:33 by Paul Jay in category: News, No shit, sherlock

[Quote]:

Iceland, which the IMF estimates was the world’s third- richest nation per capita in 2005 before slumping to rank 20th by 2010, ended its 33-month program in August last year. The $13 billion economy will expand 2.4 percent this year, the IMF said April 17. That compares with an estimated 0.3 percent contraction in the 17-member euro area.

Iceland’s growth “is driven by private consumption, investment has picked up strongly and even though, when you look at net exports, those have a negative contribution to growth, it is mainly because imports have been strong, reflecting strong consumption and an increase in income and the healthy expectations of households,” Zakharova said. “Still, exports have been increasing very strongly. Last year was a banner year for tourism. These are all really positive things.”

So basically if  you stop bailing out banks and put bankers in jail for their crimes your economy will recover? No shit!


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  1. Putting debts on the correct course also helps a lot.
    Steve Keen’s Debunking Economics (http://www.amazon.com/Debunking-Economics-Emperor-Social-Sciences/dp/1856499928) is a really interesting read.
    Especially regarding the correlation between debt and unemployment.

Mulvar Is Correct Candidate!

Posted on August 23rd, 2012 at 22:49 by John Sinteur in category: Indecision 2012


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  1. :-) Can’t be any worse than the ones we’ve got!

The Bain Files: The Documents

Posted on August 23rd, 2012 at 22:35 by John Sinteur in category: News

[Quote]:

Gawker has obtained a large cache of confidential internal financial documents from more than 20 secretive hedge funds and other investment vehicles in which Mitt Romney has stashed his considerable wealth. All told, the partnerships and limited liability corporations detailed below accounted for, at minimum, $10,069,000 of Romney’s assets in 2011 and yielded $913,300 in income, according to his 2012 financial disclosure (those figures are derived from adding up the low end of ranges Romney disclosed; the actual numbers could be astronomically higher).

Most of the entities are affiliated in one way or another with Bain Capital, the private equity firm Romney ran from 1984 through 1999. According to his financial disclosures, the investments “were made pursuant to an agreement with Bain Capital regarding Romney’s retirement…. The agreement has expired but [Romney] retain[s] certain investments…made prior to the expiration of the agreement.” In other words, they are his retirement package from more than a decade ago, and continue to make him nearly a million (at minimum) dollars per year.

Ongoing attempts to find stuff in these files.

I wonder how many Bothans died bringing us this information…


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Samsung store looks like Apple store

Posted on August 23rd, 2012 at 22:12 by John Sinteur in category: Apple

[Quote]:

It’s a flagship consumer electronics store on Sydney’s George Street with smiling blue shirt-wearing sales staff, a minimalist design and smartphones and tablets that invite customers to pick up and play.

But according to Samsung, the new store – just a block from Apple’s Sydney store – was all its own idea. The company, renowned as a “fast follower” of the market leader, is doing little to dispel the notion that it is an Apple copycat.

[..]

Apple’s stores look similar to the new Samsung store but have wooden tables.


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Deaths per terawatt hour from coal, oil and natural gas

Posted on August 23rd, 2012 at 21:50 by Desiato in category: News

[Quote]:

Energy Source              Death Rate (deaths per TWh)
Coal – world average               161 (26% of world energy, 50% of electricity)
Coal – China                       278
Coal – USA                         15
Oil                                36  (36% of world energy)
Natural Gas                         4  (21% of world energy)
Biofuel/Biomass                    12

Peat 12 Solar (rooftop) 0.44 (less than 0.1% of world energy) Wind 0.15 (less than 1% of world energy) Hydro 0.10 (europe death rate, 2.2% of world energy) Hydro - world including Banqiao) 1.4 (about 2500 TWh/yr and 171,000 Banqiao dead) Nuclear 0.04 (5.9% of world energy)


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Comments:

  1. So, lets see. 1% of energy produced means world energy based on the above list.

    Coal: 6.192 deaths per 1% of energy produced
    Oil: 1 death per 1% of energy produced
    Natural Gas: 0.19 deaths per 1% of energy produced
    Solar(rooftop): 4.4 deaths per 1% of energy produced
    Wind: 0.15 deaths per 1% of energy produced
    Wind: 0.045 deaths per 1% of energy produced
    Hydro: 2.2 deaths per 1% of energy produced
    Nuclear: 0.007 deaths per 1% of energy produced

    Deadliness of energy source
    1. Coal
    2. Solar (rooftop)
    3. Oil
    4. Natural Gas
    5. Wind
    6. Hydro
    7. Nuclear

    Which means we should focus on Nuclear and Hydro energy and forget the rest, especial Coal, Solar and Oil as the deadliest forms of Energy Sources.

    [Making lists from numbers is fun ;) ]

  2. I suspect the numbers are somewhat sensitive to how recently the deaths were reported. Hydro would’ve incurred its deaths when the dams were first built and in disasters many decades ago.

Tesla Will Get His Own Museum Because the Internet Says So

Posted on August 23rd, 2012 at 14:57 by Paul Jay in category: awesome

[Quote]:

There are a lot of people out there that really like Nikola Tesla. And what’s not to like? The handsome mustachioed scientist invented the modern alternating current system that powers our offices and homes, poured the foundation for wireless communication technology, and used to hang out with Mark Twain in his laboratory. (That’s Tesla, above, sitting in his lab hanging out with some lightning.) Over the years, however, Tesla’s largely lived in the shadow his lauded nemesis, Thomas Edison, who not only gets most of the credit for pioneering electricity but became filthy rich in the process. So when Matthew Inman of The Oatmeal put out a call to raise money to buy the scientist’s old lab and turn it into a museum, Tesla fans showed up in droves. They hit their goal of $850,000 on Wednesday morning, and the money’s still rolling in.


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Man Kicked Off Flight Over Anti-TSA Shirt

Posted on August 23rd, 2012 at 10:49 by John Sinteur in category: Do you feel safer yet?

[Quote]:

A man and his wife were treated as potential terrorists and kicked off a Delta Airlines flight over a satirical T-shirt because it made passengers and employees feel “very uncomfortable”.


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Comments:

  1. Great story on a really stupid couple. I think part of the reason this couple were so scrutinized was simply they were easy targets for the various departments involved to justify there existence and fat budgets. They inevitably had to file reports and these will be certainly helpful when it comes to justifying their budgets. In my opinion stunts like these only serve as scare tactics that affect the public. The public, as a result, puts up with more onerous measures and the tax consequences that follow.

  2. @Mykolas: I think this couple knew exactly what they were doing and were willing to do it to demonstrate the reaction they’d get. Seems like they succeeded. I wouldn’t call that stupid.

  3. Agreed, not stupid – unless you consider any form of political speech to be stupid. I also don’t think that the couple expected Delta Airlines and the TSA to react as strongly as they did.

    What’s stupid is that various forms of police (although TSA are not technically cops) decided that someone with a foreign name and brown skin was Up To No Good because he wore a t-shirt which was designed by Cory Doctorow to use sarcasm and hyperbole to expose that TSA actually creates more fear than terrorists do.

    The real question is, were the other passengers upset by the t-shirt, or were they upset by someone who looked foreign, and was therefore likely to be a terrorist? Buffalo, NY isn’t exactly cosmopolitan.

    By extension, how is this different from women clutching their purses tighter when walking past a black man on the sidewalk? It’s racism, it’s ugly, and as long as there is a War On Terror, it will be continue to be silently sanctioned by the US Government.

    “If you see something, say something.” That’s what this guy did, and the system he was complaining about took its revenge.

  4. @Desiato/JimM – yeah “stupid” was poor choice of words. “Counter Productive” is more to the point. My point is that I think they accomplished nothing except added to the justification of the security theater in the public’s eye. In that respect it had the opposite affect of their intent I believe. And no, certainly I do not consider “any form political speech stupid at all”. Here is a good piece from efficacy of protests from the ACLU “Protests and Civil Disobedience” http://gbge.aclu.org/organize/protests-and-civil-disobedience. In short..I think in this case, the couples actions were counter productive.

Cartoons

Posted on August 23rd, 2012 at 10:04 by John Sinteur in category: Cartoon


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After 32,000 Years, an Ice Age Flower Blooms Again

Posted on August 23rd, 2012 at 9:16 by John Sinteur in category: News

[Quote]:

The researchers were studying ancient soil composition in an exposed Siberian riverbank in 1995 when they discovered the first of 70 fossilized Ice Age squirrel burrows, some of which stored up to 800,000 seeds and fruits. Permafrost had preserved tissue from one species—a narrow-leafed campion plant—exceptionally well, so researchers at the Russian Academy of Sciences recently decided to culture the cells to see if they would grow. Team leader Svetlana Yashina re-created Siberian conditions in the lab and watched as the refrigerated tissue sprouted buds that developed into 36 flowering plants within weeks.


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Lawyers: We’ll pillory porn pirates who don’t pay up

Posted on August 23rd, 2012 at 9:06 by John Sinteur in category: Intellectual Property

[Quote]:

In December 2011, the German newspaper Heise described what it was like to be contacted by U+C. The first time the lawyers reached out, it said, they asked for a tidy sum of €650 to drop the case and offer the accused a confidentiality agreement. The second time, the fee went up to €1286.80.

Three strikes and you’re out, says U+C, which now says it plans to publish the names of some of the alleged offenders on its website.

In an added twist, the firm says it will start with those names whose IP addresses might suggest they are “touchy cases.” Porn downloads to internet connections located in church rectories and police stations might be the first to be identified, the lawyers have hinted, along with downloads to embassies of Arab countries.

U+C says it is within its legal rights to publish the names, even though the accused have not stood trial, thanks to a 2007 ruling of the German Constitutional Court that found it was permissible for law firms to publish the names of potential “opponents” for advertising purposes.


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