DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
Saturday, August 06, 2011
UH-OH: ITALY'S AND FRANCE'S BIGGEST BANKS MAY NEED BAILOUTS
Fears are growing this weekend that two of Europe’s largest banks may require a bailout, having been hugely damaged by the worsening crisis across the eurozone.
In France, President Nicolas Sarkozy is having to confront the possibility that the country’s second-biggest bank, Societe Generale -commonly known as SocGen - is on the brink of disaster after huge losses over loans made to Greece.
The chilling possibility of the largest bank in Italy, UniCredit Banca, suffering a similar collapse if a bailout is not implemented comes as Silvio Berlusconi already faces an increasingly dangerous national economic situation.
In Britain, a senior Government source described the position of the two banks as ‘perilous’, although an official Treasury spokesman declined to comment. Should either bank collapse, British customers with deposits of up to about £85,000 would be protected by the Financial Services Compensation Scheme.
STAT TUNED...
UNREAL: DEAN OF RAF SCHOOL IS A MUSLIM HOLOCAUST DENIER!?!?
Dr Joel Hayward is dean of the college at Cranwell, the RAF’s equivalent of Sandhurst, and has taught many of the pilots spearheading the military operation against Colonel Gaddafi.
But, to the dismay of defence chiefs, he has cast doubt on the widely held belief that the Nato actions averted the mass killing of civilians in Benghazi. He also warned against the RAF becoming ‘the air corps of a rebel army’.
Dr Hayward has previously expressed remorse after appearing to claim that far fewer Jews were killed by the Nazis than generally thought and that the gas chambers of the Holocaust were British propaganda.
In another article recently he likened Churchill to Mohammed.
JOE NOCERA STILL MISSES THE POINT!
JOE IN HIS APOLOGY COLUMN WROTE THIS:
COUNTRYWIDE AND FANNIE MAE WERE PROTECTED BY LIBERALS AND DEMOCRATS.
BOTH BUSH - IN 2003!!!!!!! - AND THEN MCCAIN PUSHED FOR REFORMS OF FANNIE MAE AND WERE CALLED RACISTS FOR DOING SO.
MCCAIN DID IT IN 2005 - BECASUE SAW THE RISKS PILING UP AT FANNIE MAE AND WANTED THE GOVERNMENT TO TAKE ACTION:
THE LIBERALS WERE CRIMINALLY NEGLIGENT. THEY PROTECTED THESE GSE'S; (GUYS LIKE BARNEY FRANK DID THE HEAVY-LIFTING).
AND MOST OF THE WALL STREET BIGSHOTS WHO MADE MONEY ON THE DERIVATIVES WERE DEMOCRATS. LIKE THE GUYS WHO RAN GOLDMAN SACHS.
NOCERA KNOWS THIS.
HIS CO-WORKER AT THE TIMES WROTE A BOOK ABOUT IT.
NOCERA'S "APOLOGY" HAS ONLY FURTHER PROVEN THAT NOCERA IS A LIBERAL HACK.
A LIBERAL HACK WHO IS STILL PROTECTING THE LIBERAL AGENDA AND SACRIFICING THE TRUTH.
AND SACRIFICING HIS GOOD NAME.
HE APPARENTLY DOES THIS WITH NO SHAME.
IOW: APOLOGY NOT ACCEPTED!
I like to joke that there’s nothing like a good financial crisis to turn you into a liberal. But it’s not really a joke.COUNTRYWIDE AND FANNIE MAE DID WHAT THEY DID OVER THE PROTESTS OF CONSERVATIVES.
The more I learned the back story that led to the crisis, the more horrified I became. [READ "MORE LIBERAL I BECAME." - RELIAPUNDIT]
The lack of regulation and oversight of Wall Street and the big subprime companies like Countrywide, driven by the ideology of deregulation, was thoughtless and irresponsible.
The refusal of bank regulators to stop subprime abuses bordered on the criminally negligent.
COUNTRYWIDE AND FANNIE MAE WERE PROTECTED BY LIBERALS AND DEMOCRATS.
BOTH BUSH - IN 2003!!!!!!! - AND THEN MCCAIN PUSHED FOR REFORMS OF FANNIE MAE AND WERE CALLED RACISTS FOR DOING SO.
MCCAIN DID IT IN 2005 - BECASUE SAW THE RISKS PILING UP AT FANNIE MAE AND WANTED THE GOVERNMENT TO TAKE ACTION:
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.THE PRIMARY FAULT LIES NOT WITH WALL STREET - WHICH BOUGHT THE DERIVATIVES IN GOOD FAITH, BUT WITH THE FOLKS WHO GENERATED THE SUBPRIME AND ALT-A MORTGAGES AND THEN REPACKAGED THEM - NAMELY COUNTRYWIDE AND FANNIE MAE.
THE LIBERALS WERE CRIMINALLY NEGLIGENT. THEY PROTECTED THESE GSE'S; (GUYS LIKE BARNEY FRANK DID THE HEAVY-LIFTING).
AND MOST OF THE WALL STREET BIGSHOTS WHO MADE MONEY ON THE DERIVATIVES WERE DEMOCRATS. LIKE THE GUYS WHO RAN GOLDMAN SACHS.
NOCERA KNOWS THIS.
HIS CO-WORKER AT THE TIMES WROTE A BOOK ABOUT IT.
NOCERA'S "APOLOGY" HAS ONLY FURTHER PROVEN THAT NOCERA IS A LIBERAL HACK.
A LIBERAL HACK WHO IS STILL PROTECTING THE LIBERAL AGENDA AND SACRIFICING THE TRUTH.
AND SACRIFICING HIS GOOD NAME.
HE APPARENTLY DOES THIS WITH NO SHAME.
IOW: APOLOGY NOT ACCEPTED!
INVESTORS GETTING A HAIRCUT - LITERALLY AND FIGURATIVELY
In low-slung suburban strip malls, nestled among fast-food restaurants and auto supply stores, hair salons are sprouting like mushrooms.I THINK ON MONDAY EVERYONE IN THE WORLD IS GOING TO GET A HAIRCUT.The Census Bureau recently noted their jump in an otherwise glum report about mom-and-pop businesses, stating that the number of hairdressers and barbers and the shops they work in grew by about 8 percent from 2008 to 2009, one of the few industries to register growth in a tough economic climate.
It seems that getting a haircut is one expense that consumers are reluctant to give up. And people who run salons never have to fret that their work might be outsourced. “We don’t have to worry about someone flying to China to get their hair cut,” said Charles Kirkpatrick, director of the National Association of Barber Boards of America. “Barbering is not going away.”
A REAL SHORT ONE.
AND I DON'T THINK IT WILL BE GOOD FOR THE SALONS!
SURPRISE, SURPRISE, SURPRISE: MUSLIM SUDAN BLOCKING OIL SHIPMENTS FROM SOUTH SUDAN
BBC:
Sudan has blocked an oil shipment from the new state of South Sudan, accusing it of failing to pay customs duties.
The oil was being held at the northern export hub of Port Sudan, a government spokesman in Khartoum said.
South Sudan has to export oil via the north because it has no port or refineries of its own.
Relations between the two countries have deteriorated since South Sudan became independent on 9 July, analysts say.
Khartoum's foreign ministry spokesman, Al-Obeid Meruh, said 600,000 barrels of oil was being held.
THE SUDANSESE ARE GENOCIDAL JIHADO-SCUM.
... practice mainly indigenous traditional beliefs, although some practice Christianity, as a result of Christian missionary effortsTHAT MEANS THE NON-MUSLIM SOUTH SUDANESE ARE BEING SCREWED BY THE MUSLIM SUDANESE.
AS LONG AS WE LET THE GENOCIDAL JIHADO-SCUM GET AWAY WITH CRAP LIKE THEY WILL KEEP DOING CRAP LIKE THIS (AND PIRACY ON THE SEAS).
IF WE WANT THIS TO STOP THEN WE HAVE TO WHACK THEM WITH DISPROPORTIONATE FORCE. THESE SUDANESE AND THE SOMALI PIRATES - EVERYWHERE JIHADO-TERROR POPS UP ITS UGLY LITTLE KEFFIYEH TOPPED HEAD.
AND THE SOONER, THE BETTER.
VIDEO: WE'RE IN THE VERY BEST OF HANDS
WE LEARN 2 THINGS IN THIS CLIP:
OBAMA CREATED THIS MESS BY INSISTING ON THE PORKULUS, PUSHING THRU OBAMACARE, AND REFUSING TO CUT SPENDING.
AND ALSO BY RELENTLESSLY GOING NEGATIVE BY HARPING ON THE FACT THAT WITHOUT A DEAL ALL HELL WOULD BREAK LOOSE AND MAKING THE WHOLE WORLD NERVOUS.
IF OBAMA HAD A SHRED OF DECENCY OR HONOR OR LOVE FOR THIS NATION HE WOULD RESIGN.
BUT HE WON'T, BECAUSE OBAMA IS A CODDLED, NARCISSISTIC, POSTMODERN EGOMANIAC WHO - ON A VERY DEEP LEVEL - HATES AMERICA, RESENTS THE SELF-MADE PEOPLE WHO MADE THIS NATION GREAT, AND BLAMES OTHERS.
I PRAY WE SURVIVE TO THE NEXT ELECTION.
- ROMER IS CAPABLE OF TELLING THE TRUTH NOW THAT SHE DOESN'T WORK FOR OBAMA,
- AND GEITHNER CUSSES LIKE A 7TH GRADER.
OBAMA CREATED THIS MESS BY INSISTING ON THE PORKULUS, PUSHING THRU OBAMACARE, AND REFUSING TO CUT SPENDING.
AND ALSO BY RELENTLESSLY GOING NEGATIVE BY HARPING ON THE FACT THAT WITHOUT A DEAL ALL HELL WOULD BREAK LOOSE AND MAKING THE WHOLE WORLD NERVOUS.
IF OBAMA HAD A SHRED OF DECENCY OR HONOR OR LOVE FOR THIS NATION HE WOULD RESIGN.
BUT HE WON'T, BECAUSE OBAMA IS A CODDLED, NARCISSISTIC, POSTMODERN EGOMANIAC WHO - ON A VERY DEEP LEVEL - HATES AMERICA, RESENTS THE SELF-MADE PEOPLE WHO MADE THIS NATION GREAT, AND BLAMES OTHERS.
I PRAY WE SURVIVE TO THE NEXT ELECTION.
DAHLAN: ABBAS STOLE $1.3BILLION FROM PA
THIS WOULD MAKE ABBAS A LOT LIKE HIS PAL ARAFAT:
THEY DESERVE A COUNTRY LESS THAN THE BASQUES OR THE CATALANS OR THE KURDS.
Ousted Fatah official Muhammad Dahlan over the weekend launched a scathing attack on Palestinian Authority President Mahmoud Abbas, accusing him of dictatorship and financial corruption.THIS IS WHAT YOU GET FOR APPEASING THIS ARAB SCUM BY PAYING THESE SO-CALLED PALESTINIANS PROTECTION MONEY.
He said that more than $1 billion have gone missing from a fund that was handed over to Abbas after he was elected president in 2005.
Dahlan’s attack on Abbas came after PA security forces raided the former Fatah commander’s home in Ramallah on Thursday, arresting his bodyguards and confiscating weapons and armored vehicles.
Dahlan was at home during the raid, which was carried out by dozens of security officers, but was not detained thanks to his parliamentary immunity.
Shortly thereafter, Dahlan left for Jordan through the Allenby Bridge, where he gave a series of interviews to Arab media outlets in which he strongly condemned Abbas, 76, and accused him of financial corruption and seeking to destroy Fatah.
“Abbas does not recognize any law, morals or values,” Dahlan said, referring to the raid on his home and last month’s decision to expel him from the Fatah Central Committee.
“Abbas feels that he’s above the law.”
Dahlan said that the dispute between Fatah and Hamas, and Israel’s presence in the West Bank, gave Abbas a “free hand to practice dictatorship against the Palestinian people, silence people and deny them their salaries.”
Dahlan said that the dispute with the PA president erupted after he demanded to know what had happened to $1.3b. that was in the account of the Palestinian Investment Fund.
THEY DESERVE A COUNTRY LESS THAN THE BASQUES OR THE CATALANS OR THE KURDS.
BLACK MONDAY MIGHT PUSH ITALY AND THE EURO INTO THE ABYSS
Italy could tip euro into abyssHERE'S A GLOOMY SCENARIO:
The relentless plunge of financial markets will lurch into a more dangerous phase that could take the global economy over the brink of disaster, unless the European Central Bank starts to buy up Italian debt.
- ITALY GOES UNDER - AND TAKES THE EURO WITH IT...
- THE USA CONTINUES DOWN INTO A DEEP RECESSION...
- BOTH HURT CHINA'S EXPORTS AND THE CHINA BUBBLE BURSTS.
WHAT VOLUNTARY ACTS CAN STOP IT?
- OPEC DECIDING TO SELL A BARREL OF OIL FOR $35.
- CHINA LETTING THEIR CURRENCY FLOAT.
- AND OBAMA'S RESIGNATION.
SO THEN WHAT?
BUY A SUPPLY OF WATER, FOOD AND BULLETS.
TOTTENHAM MAY BE THE FUTURE.
OH BABY!: DAZZLING NORTHERN LIGHTS TO BE VISIBLE AS FAR SOUTH AS PENNSYLVANIA TONIGHT!
Skywatchers as far south as Pennsylvania should be on the lookout for auroras in the night sky sparked by a powerful geomagnetic storm, space weather experts say.
The auroras are triggered by charged solar particles that blew outward from the sun in an intense eruption on Thursday (Aug. 4).
The particles are typically funneled along Earth's magnetic field to the polar regions, where they can spark stunning displays of the northern lights in the Northern Hemisphere, and southern lights in the south.
"Sky watchers at all latitudes should be alert for auroras after nightfall.
Tip: the best hours for aurora sightings are usually around local midnight," advised Spaceweather.com, a website that monitors space weather and skywatching events.
ARCHAEOLOGICAL DIVE FINANCED BY CAPTAIN MORGAN'S RUM FINDS CAPTAIN MORGAN'S SHIPWRECK
YOU GOTTA BE KIDDING ME! NOPE.
MAKE NO MISTAKE ABOUT IT, THE TERM "SOVEREIGN DEBT" IS A EUPHEMISM
MAKE NO MISTAKE ABOUT IT, THE TERM "SOVEREIGN DEBT" IS A EUPHEMISM FOR THE DEBT LIBERAL POLITICIANS RAN UP ON THE CREDIT CARDS OF FUTURE CITIZENS.
THE PUNDITS ALL SAY, "SOVEREIGN DEBT" - AS IF IT WAS THE ENTIRE COUNTRY WHICH RAN UP THE DEBT.
WE DIDN'T RUN IT UP. THE POLITICIANS DID. WE'RE JUST ON THE HOOK FOR IT!
WE AND OUR KIDS AND GRANDKIDS ARE ON THE HOOK FOR THE CRAZY, CORRUPT BOONDOGGLES AND SOCIALIST SCHEMES OF LIBERAL POLITICIANS.
YEAH, THEY'RE LIBERAL ALL RIGHT - WITH OUR MONEY!
CONGRESSMEN OUGHT NOT TO GET A DIME IN PAY UNTIL THEY GET THE DEBT AND DEFICIT UNDER CONTROL.
REPEAT:
CONGRESSMEN AND SENATORS AND THE PRESIDENT OUGHT NOT TO GET ONE SINGLE SOLITARY DIME OF PAY UNTIL THE DEBT AND DEFICIT ARE UNDER CONTROL.
THEY SHOULD ONLY GET LIVING EXPENSES AND TRAVEL EXPENSES.
ANY CONGRESSMAN OR SENATOR OR PRESIDENT THAT CAN'T TAKE THE HARDSHIP SHOULD RESIGN.
THE PUNDITS ALL SAY, "SOVEREIGN DEBT" - AS IF IT WAS THE ENTIRE COUNTRY WHICH RAN UP THE DEBT.
WE DIDN'T RUN IT UP. THE POLITICIANS DID. WE'RE JUST ON THE HOOK FOR IT!
WE AND OUR KIDS AND GRANDKIDS ARE ON THE HOOK FOR THE CRAZY, CORRUPT BOONDOGGLES AND SOCIALIST SCHEMES OF LIBERAL POLITICIANS.
YEAH, THEY'RE LIBERAL ALL RIGHT - WITH OUR MONEY!
CONGRESSMEN OUGHT NOT TO GET A DIME IN PAY UNTIL THEY GET THE DEBT AND DEFICIT UNDER CONTROL.
REPEAT:
CONGRESSMEN AND SENATORS AND THE PRESIDENT OUGHT NOT TO GET ONE SINGLE SOLITARY DIME OF PAY UNTIL THE DEBT AND DEFICIT ARE UNDER CONTROL.
THEY SHOULD ONLY GET LIVING EXPENSES AND TRAVEL EXPENSES.
ANY CONGRESSMAN OR SENATOR OR PRESIDENT THAT CAN'T TAKE THE HARDSHIP SHOULD RESIGN.
LEFTISTS ATTACKING AND DESTABILZING ISRAEL FROM WITHIN
NYTIMES:
AND THEY ALSO JUST WANT TO TOPPLE BIBI.
SINCE THEY CAN'T DO THAT IN A STRAIGHT-FORWARD WAY, THEY DO IT BY CLOAKING THEIR POLITICAL GOAL IN "SOCIAL JUSTICE" GARB - APPEALING TO THE LARGE LE3FT POPULATION IN ISRAEL WHO HAVE BEEN IN DISARRAY SINCE ARIEL SHARON SPLIT GAZA AND FOUNDED KADIMA.
THE INSTABILITY THEY ARE FOMENTING SERVES THE ENEMIES OF ISRAEL AND GLOBAL JIHAD.
Netanyahu planned to name a cabinet-level team Sunday to address demands by the demonstrators, who in under a month have swollen from a cluster of student tent-squatters to a diffuse, countrywide mobilisation of Israel's burdened middle class.
Israel projects growth of 4.8 percent this year at a time of economic stagnation in many Western countries, and has relatively low unemployment of 5.7 percent. But business cartels and wage disparities have kept many citizens from feeling the benefit.
"The People Demand Social Justice" read one of the march banners, which mostly eschewed partisan anti-government messages while confronting Netanyahu's free-market doctrines.
Police said 120,000 people took part in Saturday's march in Tel Aviv, Jerusalem and other cities, while organisers put the figure as high as 230,000.
4.8% GROWTH AND 5.7% UNEMPLOYMENT AND THEY ARE COMPLAINING!?!?!?!?!?!?!?
SHEESH.
AND THEY ALSO JUST WANT TO TOPPLE BIBI.
SINCE THEY CAN'T DO THAT IN A STRAIGHT-FORWARD WAY, THEY DO IT BY CLOAKING THEIR POLITICAL GOAL IN "SOCIAL JUSTICE" GARB - APPEALING TO THE LARGE LE3FT POPULATION IN ISRAEL WHO HAVE BEEN IN DISARRAY SINCE ARIEL SHARON SPLIT GAZA AND FOUNDED KADIMA.
THE INSTABILITY THEY ARE FOMENTING SERVES THE ENEMIES OF ISRAEL AND GLOBAL JIHAD.
MYSTERIOUS ORANGE GOO IN ALASKA: THE ASTUTE BLOGGERS SCOOPS THE BLAZE BY 3 DAYS!
WHO ARE THE "GOOD MUSLIMS", WHAT IS A "GOOD MUSLIM", AND WHAT IS "RADICAL ISLAM"?
JUST ASKING.
BECAUSE WE OFTEN HEAR FROM LIBERAL APPEASERS THAT ISLAM IS A RELIGION OF PEACE AND THAT THE JIHADO-TERRORISTS ARE THE BAD MUSLIMS.
BUT IS THAT TRUE?
NOPE.
PEACEFUL MUSLIMS - THE MAJORITY OF MUSLIMS IN THE WORLD - WHO CO-EXIST WITH NON-MUSLIMS IN PLURALISTIC SOCIETIES AND WHO PRACTICE NO MISOGYNY OR ANTISEMITISM ARE ACTUALLY THE BAD MUSLIMS.
AND THE SO-CALLED RADICAL MUSLIMS - THE JIHADISTS, THE ISLAMISTS - THEY ARE THE GOOD MUSLIMS.
DON'T AGREE? THEN, YOU'RE WRONG. CAN I PROVE IT? YES.
JUST ANSWER THIS QUESTION:
WAS MOHAMED A GOOD OR A BAD MUSLIM?
MOHAMED WAS A THIEF A LIAR A PEDOPHILE AND A GENOCIDAL TERRORIST.
AND THE KORAN - SUPPOSEDLY A REVELATION - IS LITTERED WITH RACIST, MISOGYNIST, AND ANTISEMITIC FILTH - NOT TO MENTION HISTORICAL ERRORS.
IF THE SO-CALLED PROPHET OF ISLAM WAS SO EVIL AND SO VIOLENT - A MAN WHO COULDN'T TELL THE DIFFERENCE BETWEEN SATAN AND GABRIEL...
AND IF EMULATING HIM MAKES YOU A "GOOD MUSLIM"...
THEN ALL THE JIHADO-TERRORISTS IN THE WORLD ARE "GOOD MUSLIMS"...
AND MOST OF THE MUSLIMS IN THE WORLD ARE BAD MUSLIMS.
MUSLIM/LIBERAL/LESBIAN/REFORMER IRSHAD MANJI IMPLICITLY AGREES.
SHE ARGUES THAT THE JIHADO-TERRORISTS ARE LITERALISTS AND THAT WHAT ISLAM NEEDS TO DO - TO BECOME MORE COMPATIBLE WITH MODERNITY - IS TO BECOME A RELIGION THAT TREATS MOST OF ITS "HOLY" TEXTS FIGURATIVELY.
THAT QUOTE REVEALS THAT MANJI KNOWS THAT THE KORAN IS FILLED WITH COMMANDMENTS WHICH - IF TAKEN LITERALLY - LEAD TO JIHADO-TERROR.
THINK ABOUT IT.
MOHAMED WAS A TERRORIST AND THE KORAN IS TAKEN LITERALLY IS A PROSCRIPTION FOR TERROR.
ERGO, IF YOU FOLLOW MOHAMED AS AN EXAMPLE AND THE KORAN AS AN INSTRUCTION MANUAL THEN YOU ARE A GOOD MUSLIM - AND A BAD PERSON, A JIHADO-TERRORIST.
IF YOU IGNORE MOHAMED AS AN EXAMPLE AND DON'T FOLLOW THE KORAN, THEN YOU ARE A GOOD PERSON AND A BAD MUSLIM.
THESE GOOD PEOPLE SHOULD LEAVE ISLAM AND PRACTICE A FAITH WHOSE VALUES ARE CONSISTENT WITH BEING A GOOD PERSON AND WITH MODERNITY.
BECAUSE WE OFTEN HEAR FROM LIBERAL APPEASERS THAT ISLAM IS A RELIGION OF PEACE AND THAT THE JIHADO-TERRORISTS ARE THE BAD MUSLIMS.
BUT IS THAT TRUE?
NOPE.
PEACEFUL MUSLIMS - THE MAJORITY OF MUSLIMS IN THE WORLD - WHO CO-EXIST WITH NON-MUSLIMS IN PLURALISTIC SOCIETIES AND WHO PRACTICE NO MISOGYNY OR ANTISEMITISM ARE ACTUALLY THE BAD MUSLIMS.
AND THE SO-CALLED RADICAL MUSLIMS - THE JIHADISTS, THE ISLAMISTS - THEY ARE THE GOOD MUSLIMS.
DON'T AGREE? THEN, YOU'RE WRONG. CAN I PROVE IT? YES.
JUST ANSWER THIS QUESTION:
WAS MOHAMED A GOOD OR A BAD MUSLIM?
MOHAMED WAS A THIEF A LIAR A PEDOPHILE AND A GENOCIDAL TERRORIST.
AND THE KORAN - SUPPOSEDLY A REVELATION - IS LITTERED WITH RACIST, MISOGYNIST, AND ANTISEMITIC FILTH - NOT TO MENTION HISTORICAL ERRORS.
IF THE SO-CALLED PROPHET OF ISLAM WAS SO EVIL AND SO VIOLENT - A MAN WHO COULDN'T TELL THE DIFFERENCE BETWEEN SATAN AND GABRIEL...
AND IF EMULATING HIM MAKES YOU A "GOOD MUSLIM"...
THEN ALL THE JIHADO-TERRORISTS IN THE WORLD ARE "GOOD MUSLIMS"...
AND MOST OF THE MUSLIMS IN THE WORLD ARE BAD MUSLIMS.
MUSLIM/LIBERAL/LESBIAN/REFORMER IRSHAD MANJI IMPLICITLY AGREES.
SHE ARGUES THAT THE JIHADO-TERRORISTS ARE LITERALISTS AND THAT WHAT ISLAM NEEDS TO DO - TO BECOME MORE COMPATIBLE WITH MODERNITY - IS TO BECOME A RELIGION THAT TREATS MOST OF ITS "HOLY" TEXTS FIGURATIVELY.
THAT QUOTE REVEALS THAT MANJI KNOWS THAT THE KORAN IS FILLED WITH COMMANDMENTS WHICH - IF TAKEN LITERALLY - LEAD TO JIHADO-TERROR.
THINK ABOUT IT.
MOHAMED WAS A TERRORIST AND THE KORAN IS TAKEN LITERALLY IS A PROSCRIPTION FOR TERROR.
ERGO, IF YOU FOLLOW MOHAMED AS AN EXAMPLE AND THE KORAN AS AN INSTRUCTION MANUAL THEN YOU ARE A GOOD MUSLIM - AND A BAD PERSON, A JIHADO-TERRORIST.
IF YOU IGNORE MOHAMED AS AN EXAMPLE AND DON'T FOLLOW THE KORAN, THEN YOU ARE A GOOD PERSON AND A BAD MUSLIM.
THESE GOOD PEOPLE SHOULD LEAVE ISLAM AND PRACTICE A FAITH WHOSE VALUES ARE CONSISTENT WITH BEING A GOOD PERSON AND WITH MODERNITY.
ASIDE: ON ANY GIVEN DAY THE GODFATHER OF LINKAGE, INSTAPUNDIT, LINKS TO AMAZON MORE THAN ANY OTHER SITE
JUST SAYING...
NOT LINKS TO BLOGS OR NEWS SITES - TO AMAZON. ABOUT 10 TIMES A DAY.
THEN HE LINKS MOST TO OTHER PJM SITES - WHICH HE ALSO GETS PAID FROM.
JUST SAYING.
BECAUSE SO MANY OF YOU OUT THERE THINK OF HIM AS GIVING YOU GREAT LINKAGE.
HE DOESN'T.
HIS LINKS ARE GENERALLY LATE, AND TYPICALLY SKEWED - NOT BY HIS OPINIONS, WHICH ARE GENERALLY OKAY AND WHICH I GENERALLY AGREE WITH - BUT HOW THE LINKS BENEFIT HIS WALLET.
THE BEST IN DAILY CONSERVATIVE LINKAGE IS HERE:
AND THE BEST IN HOURLY LINKAGE IS HERE:
AND THE BEST ALL-ROUND COVERAGE IS HERE:
JUST SO YOU KNOW...
ADDENDUM:
THE NEXT THING THE BLOGFATHER POSTS MOST ON - RIGHT AFTER LINKING TO AMAZON - IS WHAT HE MISTAKENLY CALLS "THE HIGHER EDUCATION BUBBLE".
HE DID IT AGAIN JUST NOW:
A BUBBLE IS A RAPID AND EXTREMELY STEEP INCREASE IN THE PRICE OF SOMETHING. IT IS FOLLOWED NOT BY A STEADY DEFLATION, BUT BY A BURSTING OF THE BUBBLE.
1 - THERE HAS NOT BEEN A RAPID OR STEEP RUN-UP IN COLLEGE TUITION; IT HAS BEEN A SLOW STEADY PRICE INCREASE, ALBEIT ONE THAT HAS OUT-PACED INFLATION.
AND IT HAS BEEN OUTPACING INFLATION FOR 3 DECADES -
NOTE:
2 - THERE HAS NOT BEEN A RAPID OR STEEP INCREASE IN THE NUMBER OF HIGHER EDUCATION GRADUATES; THERE HAS BEEN A SLOW STEADY INCREASE.
3 - THE POOR JOB PROSPECTS ARE NOT DUE TO A SUDDEN DISINTEREST IN HIRING HIGHER EDUCATION GRADUATES - OR TO AN OVERSUPPLY OF GRADUATES - IN A NORMAL ECONOMY, BUT STRICTLY DUE TO THE RECESSION.
IN FACT, IN THE CURRENT THE RECESSION - (BOTH THE FIRST ONE AND THE CURRENT DOUBLE-DIP) - COLLEGE GRADS ARE FARING MUCH BETTER THAN THOSE WITHOUT COLLEGE DEGREES.
ONE THING GLENN NEVER MENTIONS IS THAT HIGHER EDUCATION COSTS HAVE POUT-PACED INFLATION DUE TO TENURE.
COULD IT BE BECAUSE HE IS TENURED?
YES, I THINK SO.
PS:
SOME BLOGGERS WONDER WHY I DARE TAKE ON INSTAPUNDIT.
IT'S SIMPLE: I AM BRAVE ENOUGH TO TAKE ON THE JIHAD. SO I AM CERTAINLY UNAFRAID OF GLENN REYNOLDS! HEH.
I TAKE ON ALL THAT I SEE IS WRONG AND BAD.
AS BRIT HUME USED TO SAY: "UNAFRAID."
NOT LINKS TO BLOGS OR NEWS SITES - TO AMAZON. ABOUT 10 TIMES A DAY.
THEN HE LINKS MOST TO OTHER PJM SITES - WHICH HE ALSO GETS PAID FROM.
JUST SAYING.
BECAUSE SO MANY OF YOU OUT THERE THINK OF HIM AS GIVING YOU GREAT LINKAGE.
HE DOESN'T.
HIS LINKS ARE GENERALLY LATE, AND TYPICALLY SKEWED - NOT BY HIS OPINIONS, WHICH ARE GENERALLY OKAY AND WHICH I GENERALLY AGREE WITH - BUT HOW THE LINKS BENEFIT HIS WALLET.
THE BEST IN DAILY CONSERVATIVE LINKAGE IS HERE:
AND THE BEST IN HOURLY LINKAGE IS HERE:
AND THE BEST ALL-ROUND COVERAGE IS HERE:
JUST SO YOU KNOW...
ADDENDUM:
THE NEXT THING THE BLOGFATHER POSTS MOST ON - RIGHT AFTER LINKING TO AMAZON - IS WHAT HE MISTAKENLY CALLS "THE HIGHER EDUCATION BUBBLE".
HE DID IT AGAIN JUST NOW:
Easy credit, high tuition, and poor job prospects have resulted in growing delinquency and default rates on nearly $1 trillion worth of private and federally subsidized loans.GLENN CONFLATES, "Easy credit, high tuition, and poor job prospects" WITH A BUBBLE.
A BUBBLE IS A RAPID AND EXTREMELY STEEP INCREASE IN THE PRICE OF SOMETHING. IT IS FOLLOWED NOT BY A STEADY DEFLATION, BUT BY A BURSTING OF THE BUBBLE.
1 - THERE HAS NOT BEEN A RAPID OR STEEP RUN-UP IN COLLEGE TUITION; IT HAS BEEN A SLOW STEADY PRICE INCREASE, ALBEIT ONE THAT HAS OUT-PACED INFLATION.
AND IT HAS BEEN OUTPACING INFLATION FOR 3 DECADES -
SO IT IS THE CUMULATIVE EFFECT
THAT HAS MADE IT SO EXPENSIVE
AND IT IS THEREFORE NOT A BUBBLE.
THAT HAS MADE IT SO EXPENSIVE
AND IT IS THEREFORE NOT A BUBBLE.
NOTE:
THERE WEREN'T ANY HIRING PROBLEMS
FOR HIGHER EDUCATION GRADS
FOR THE FIRST 2.5 DECADES.
THE HIRING AND HENCE THE LOAN-REPAYMENT PROBLEMS
ARE DUE TO THE RECESSION,
AND NOT ANY IMAGINARY BUBBLE.
FOR HIGHER EDUCATION GRADS
FOR THE FIRST 2.5 DECADES.
THE HIRING AND HENCE THE LOAN-REPAYMENT PROBLEMS
ARE DUE TO THE RECESSION,
AND NOT ANY IMAGINARY BUBBLE.
2 - THERE HAS NOT BEEN A RAPID OR STEEP INCREASE IN THE NUMBER OF HIGHER EDUCATION GRADUATES; THERE HAS BEEN A SLOW STEADY INCREASE.
3 - THE POOR JOB PROSPECTS ARE NOT DUE TO A SUDDEN DISINTEREST IN HIRING HIGHER EDUCATION GRADUATES - OR TO AN OVERSUPPLY OF GRADUATES - IN A NORMAL ECONOMY, BUT STRICTLY DUE TO THE RECESSION.
EVERYONE IS HAVING A HARD TIME
GETTING JOBS AND REPAYING LOANS,
NOT JUST HIGHER EDUCATION GRADUATES.
GETTING JOBS AND REPAYING LOANS,
NOT JUST HIGHER EDUCATION GRADUATES.
IN FACT, IN THE CURRENT THE RECESSION - (BOTH THE FIRST ONE AND THE CURRENT DOUBLE-DIP) - COLLEGE GRADS ARE FARING MUCH BETTER THAN THOSE WITHOUT COLLEGE DEGREES.
SO, GLENN IS WRONG ON THE FACTS
AND WRONG TO USE THE TERM "BUBBLE".
AND WRONG TO USE THE TERM "BUBBLE".
ONE THING GLENN NEVER MENTIONS IS THAT HIGHER EDUCATION COSTS HAVE POUT-PACED INFLATION DUE TO TENURE.
COULD IT BE BECAUSE HE IS TENURED?
YES, I THINK SO.
PS:
SOME BLOGGERS WONDER WHY I DARE TAKE ON INSTAPUNDIT.
IT'S SIMPLE: I AM BRAVE ENOUGH TO TAKE ON THE JIHAD. SO I AM CERTAINLY UNAFRAID OF GLENN REYNOLDS! HEH.
I TAKE ON ALL THAT I SEE IS WRONG AND BAD.
AS BRIT HUME USED TO SAY: "UNAFRAID."
GLOBAL RECESSION CAUSED BY JIHAD, CLIMATE ALARMISM, AND SOCIALISM
AS THE FOLLOWING CHART SHOWS, JIHAD AND 9/11 CAUSED THE CURRENT HUGE RUN-UP IN THE PRICE OF OIL - AND HENCE ENERGY.
(CLICK TO EMBIGGEN)
IN FACT, ALL RUN-UPS IN THE PRICE OF OIL ARE CAUSED BY JIHAD.
AND THE 9/11 RUN-UP WAS COMPOUNDED BY THE KYOTO PROTOCOLS.
ENERGY IS THE FOUNDATION OF THE GLOBAL ECONOMY.
OVERPRICED ENERGY HURTS EVERYONE EVERYWHERE.
(EXCEPT THE LEFTISTS AND JIHADISTS WHO CONTROL OPEC.)
ON TOP OF OVERPAYING FOR ENERGY, THE DEVELOPED NATIONS OF THE WORLD ALSO HAVE HUGE SOVEREIGN DEBT PROBLEMS - THE DIRECT RESULT OF DECADES OF SOCIALIST POLICIES.
TO UNDO THE DAMAGE AND FIX THE GLOBAL ECONOMY WE HAVE TO (1) DEFEAT GLOBAL JIHAD, (2) IGNORE KYOTO - AND BURN CHEAP COAL, AND (3) UNWIND GOVERNMENT WORLDWIDE FROM SOCIALISM - WHICH MEANS PRIVATIZATION AND PERSONALIZATION OF PENSIONS AND HEALTH INSURANCE.
THE LONGER WE WAIT, THE DEEPER A HOLE WE DIG FOR OURSELVES AND FUTURE GENERATIONS.
(CLICK TO EMBIGGEN)IN FACT, ALL RUN-UPS IN THE PRICE OF OIL ARE CAUSED BY JIHAD.
AND THE 9/11 RUN-UP WAS COMPOUNDED BY THE KYOTO PROTOCOLS.
ENERGY IS THE FOUNDATION OF THE GLOBAL ECONOMY.
OVERPRICED ENERGY HURTS EVERYONE EVERYWHERE.
(EXCEPT THE LEFTISTS AND JIHADISTS WHO CONTROL OPEC.)
ON TOP OF OVERPAYING FOR ENERGY, THE DEVELOPED NATIONS OF THE WORLD ALSO HAVE HUGE SOVEREIGN DEBT PROBLEMS - THE DIRECT RESULT OF DECADES OF SOCIALIST POLICIES.
TO UNDO THE DAMAGE AND FIX THE GLOBAL ECONOMY WE HAVE TO (1) DEFEAT GLOBAL JIHAD, (2) IGNORE KYOTO - AND BURN CHEAP COAL, AND (3) UNWIND GOVERNMENT WORLDWIDE FROM SOCIALISM - WHICH MEANS PRIVATIZATION AND PERSONALIZATION OF PENSIONS AND HEALTH INSURANCE.
THE LONGER WE WAIT, THE DEEPER A HOLE WE DIG FOR OURSELVES AND FUTURE GENERATIONS.
Friday, August 05, 2011
UPDATED: OBAMANOMICS HAS DELIVERED EXACTLY WHAT WE ON THE RIGHT SAID IT WOULD: AN ECONOMIC CATASTROPHE
S&P said the downgrade "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.OBAMA AND HIS COMRADES ARE ENTIRELY RESPONSIBLE FOR THE USA RECEIVING ITS FIRST EVER DOWNGRADE.
S&P said the downgrade "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.OBAMA AND REID AND PELOSI.
IT IS ENTIRELY THEIR FAULT. ENTIRELY.
WHY? SIMPLE:
THEY DIDN'T ALLOW CONGRESS TO PASS BIG ENOUGH CUTS.
REPEAT: THEY DIDN'T ALLOW CONGRESS TO PASS BIG ENOUGH CUTS.
REPEAT: THEY DIDN'T ALLOW CONGRESS TO PASS BIG ENOUGH CUTS.
S&P said the downgrade "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.NO SURPRISE HERE:
CLASS WARFARE AND PROFLIGATE SPENDING AND CRONY CAPITALISM ARE ALWAYS RECIPES FOR ECONOMIC CATASTROPHE.
OBAMA AND HIS COMRADES PROTECTED THEIR PALS RECEIVING THE BENEFITS OF FEDERAL SPENDING...
... OBAMA AND HIS COMRADES DID NOT PROTECT THE TAXPAYERS.
S&P said the downgrade "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.OBAMA AND HIS EFFIN' LEFT-WING BASTARDS NEVER EVEN PASSED A BUDGET DURING THE TWO YEARS THEY CONTROLLED THE ENTIRE FEDERAL GOVERNMENT.
S&P said the downgrade "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.WHAT ASSH*LES.
AND IT'S ALL BECAUSE OBAMA AND HIS COMRADES WOULDN'T ALLOW THE GOP AND THE TEA PARTY WHICH PUT THEM INTO POWER CUT MORE FROM THE FEDERAL BUDGET.
S&P said the downgrade "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.FOR DAMAGING OUR NATION'S CREDIT-RATING AND RAISING THE COST OF BORROWING FOR THE GOVERNMENT AND THE PEOPLE, EVERY DEMOCRAT WHO PREVENTED LARGER CUTS SHOULD BE TOSSED FROM OFFICE.
ER UM... THAT'S EVERY DEMOCRAT!
AND THEY THEY SHOULD BE TARRED AND FEATHERED!
OH MY: GLACIERS RETREATING AT 8FT PER YEAR...
... ER...UM... IN 19TH CENTURY!
WITH NO MAN-MADE CO2 OR ANY OTHER MAN-MADE "GREENHOUSE" GASES.
IOW: AGW = TOTAL EFFIN BULLS*IT.
WITH NO MAN-MADE CO2 OR ANY OTHER MAN-MADE "GREENHOUSE" GASES.
IOW: AGW = TOTAL EFFIN BULLS*IT.
CHOCOLATE BOOSTS FITNESS: THE ASTUTE BLOGGERS SCOOPS INSTAPUNDIT AND FUTUREPUNDIT BY 3 DAYS!
50th Anniversary of IBM's Selectric typewriter
This Sunday will be the 50th Anniversary of the launch date of IBM's Selectric typewriter, a game-changing design that represented mid-century American manufacturing prowess brought to market with a one-two engineering-&-industrial-design punch. A team of engineers led by Horace "Bud" Beattie worked the guts while industrial designer Eliot Noyes is given sole credit for the overall form, his Olivetti influence notwithstanding.Whoodathunkit possible that the IBM Selectric would've ever been made obsolete?
I had one once. Sigh. Those were the days, my friends - we thought they'd never end...
BOMBSHELL SCIENTIFIC STUDY: "man-made emissions don’t control the climate, they don’t even control global CO2 levels"
MAND-MADE CLIMATE CHANGE IS BS.
SCIENTIFIC STUDY OF GLOBAL D12 AND C13:
INCREASED CO2 LEVELS ARE A RESULT OF NATURLA GLOBAL WARMING AND NATURAL CLIMATE CHANGE AND NOT THE CAUSE.
SO SAYS PROFESSOR MURRY SALBY, Chair of Climate, Macquarie University:
SCIENTIFIC STUDY OF GLOBAL D12 AND C13:
INCREASED CO2 LEVELS ARE A RESULT OF NATURLA GLOBAL WARMING AND NATURAL CLIMATE CHANGE AND NOT THE CAUSE.
SO SAYS PROFESSOR MURRY SALBY, Chair of Climate, Macquarie University:
Carbon dioxide is emitted by human activities as well as a host of natural processes. The satellite record, in concert with instrumental observations, is now long enough to have collected a population of climate perturbations, wherein the Earth-atmosphere system was disturbed from equilibrium. Introduced naturally, those perturbations reveal that net global emission of CO2 (combined from all sources, human and natural) is controlled by properties of the general circulation – properties internal to the climate system that regulate emission from natural sources. The strong dependence on internal properties indicates that emission of CO2 from natural sources, which accounts for 96 per cent of its overall emission, plays a major role in observed changes of CO2. Independent of human emission, this contribution to atmospheric carbon dioxide is only marginally predictable and not controllable.
IOW: AGW = TFBS.
OBAMA'S STRATEGY OF CLASS WARFARE CAUSED THE DOUBLE DIP
I POSTED THIS BEFORE, BUT IT'S WORTH REPEATING:
- CLASS WARFARE IS A NEGATIVE AND DESTRUCTIVE STRATEGY THAT PITS ONE SEGMENT OF SOCIETY AGAINST ANOTHER AND DENIGRATES PRIVATE, PERSONAL INVESTMENT AS IT SEEKS TO ELEVATES THE PUBLIC SECTOR.
- THE CONSTANT ATTACKS OBAMA AND HIS LEFTIST COMRADES WAGED AGAINST THE FREE MARKET, AND HIS CONSTANT LITANY OF DIRE WARNINGS SCARED THE MARKETS - PREVENTING SOUND INVESTMENT, AND PREVENTED REAL REFORM AND THUS CREATED THIS DOUBLE DIP.
NOW DO THE RIGHT THING TO HELP US END THIS ECONOMIC MISERY: RESIGN!
ROBERT HEINLEIN AGREES:
VIA INSTAPUNDIT, THE AMAZON SHILL.Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as “bad luck.”
AMAZING UPDATE: EZRA KLEIN INADVERTENTLY QUOTES HEINLEIN RIGHT ON CUE!:
Whatever weak recovery we might have hoped for is being hindered by global commodity prices, consumer deleveraging, fears of flagging demand in emerging markets, earthquakes in Asia, and much more. Globally, it’s been an almost uninterrupted run of crises and bad luck.
BWAHAHAHA!
NYTIMES BEGRUDGINGLY ADMITS WE ARE IN A GLOBAL DOUBLE DIP RECESSION
WE SAID IT BEFORE, BUT AT LEAST THEY'RE SAYING IT NOW - NYTIMES:
FOR THE MARKETS TO IMPROVE, OBAMA AND HS POLICIES MUST GO.
European and Asian Stocks Drop Ahead of Wall Street Open
By MATTHEW SALTMARSH AND BETTINA WASSENER
The rout extended in global markets, with Japan and South Korea’s exchanges closing 3.7 percent lower, and European markets down 2 percent in Friday morning trading.
Time to Say It: Double Dip Recession May Be Happening
By FLOYD NORRIS
It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again.
TEACHING CHILDREN TO DIE AS POLITICAL TOOLS
Eli Hertz on Myths & Facts writes about how the alleged palestinians run a culture of turning their children into pointless sacrifice for jihad:
Now, look at the following from this NYT article (via The Blaze) about girls in the Hasidic Jewish community who suffered from anorexia. I personally think it's a bit sensationalized, as could be expected from such a crappy paper, and it doesn't take into consideration that if you know where to look, there are Arab girls who could suffere the same problems, but if there's one thing that is correct here:
And that kind of uppity mindset is just what's destroying societies adhering to Islam.
What kind of a society consciously and purposely sacrifices its own youth for political gain and tactical advantage? Suicide bombers are an escalation of a small-arms war introduced during the first Intifada (1987-1993 Palestinian’s uprising) and championed by Palestinian leaders, even prior to Arafat’s arrival from Tunis in July 1994. Today the overwhelming majority of Palestinian Arabs nurture a blind hatred of Israel. They created a cultural milieu of vengeance, violence and death - preparing their children to be sacrifices in a death cult. Proud parents dress up their toddlers not in clown costumes, but with suicide belts,1 and countless others celebrate their children’s deaths with traditional sweet holiday cakes and candies.No society that truly loves its children would want to turn them into sacrifices for the sake of jihadism. But to say that in Cairo it's different is flawed - if even there, children are raised upon Islamofascism and its brand of socialism, and refuse to recognize how its structure is the very reason they've got problems, then there's no true love there either.
Protecting our children is a universal trait that unites the Family of Man. But in Palestinian society, that standard has been turned on its head
Around the world, children are precious gifts to their parents and keys to the future. The loving care we invest in our own children is a human trait that unites different cultures: rich and poor, traditional and hi-tech. The toughest job parents have is to raise their children while making everyday sacrifices and decisions for them. We hug them, love them and watch them grow up, praying that they will come to no harm, and doing everything we can to ensure that.
From the poorest barrios in South America to the most wretched slums of Cairo, parents strive to make sure there is food for their children and money for their children’s education. Parents everywhere walk a fine line between the need for parental guidance and youthful independence, setting rules for what their children can and cannot do, trying to ensure that their children will not make mistakes that endanger them. Parents raise their children with the hope that they will grow into happy, responsible, caring, and contributing members of society. That is what unites the Family of Man from Caracas to the Caucuses, from Timbuktu to Katmandu.
It is clear that in Palestinian society something has gone dreadfully wrong. Children in Palestinian communities in the West Bank and Gaza are turned into ‘self-destructing human bombs’ capable of carrying out casualty terrorist attacks in the struggle between Palestinians and Israelis - a phenomenon whose seeds can be traced to the first Intifada.
It happened because Arab communities within the civil jurisdiction of self-rule under the Palestinian Authority (which includes 97 percent of the Arab residents in the West Bank and 100 percent of those in Gaza) foster a culture that prepares children for armed conflict, consciously and purposely putting them in harm’s way for political gain and tactical advantage in their war against Israel. The PA buses children to violent flashpoints far from their neighborhoods and Arab snipers often hide among the young during battle, using children as human shields. Teenaged perpetrators of suicide attacks have become the norm.2
Now, look at the following from this NYT article (via The Blaze) about girls in the Hasidic Jewish community who suffered from anorexia. I personally think it's a bit sensationalized, as could be expected from such a crappy paper, and it doesn't take into consideration that if you know where to look, there are Arab girls who could suffere the same problems, but if there's one thing that is correct here:
By the time her rabbi came to visit her, she was emaciated. He told her that she must attend a treatment program that met on Saturday, the Jewish day of rest, even if she had to violate religious rules by riding in a car to get there. She could even eat food that wasn’t kosher.Yes, that's correct. The customs in Judaism are to live by, NOT to die by. The same goes with Christianity. On the other hand, it seems that in Islam, religion is put above ALL else. But is that truly what God wants of Muslims? And how did Muhammed, a man who bore only daughters and never had a son to take up his barbaric reign, know that God would want him to lead the kind of dark stained life he did? In the case of that tyrant Muhammed, one could say he was merely a foul fantasist and know-it-all of the worst kind.
“That’s when I realized it was a matter of life and death,” Ms. Feigenbaum said in an interview. “My rabbi does not take Jewish law lightly. But he told me the Jewish laws are things God wanted us to live by, not die by, and that saving a life takes precedence over all of them.”
And that kind of uppity mindset is just what's destroying societies adhering to Islam.
CAPTAIN ISRAEL WILL TACKLE FORESKIN MAN
The Blaze reports that StandWithUs, the group publishing the Captain Israel comic, is going to take on the horrifically written Foreskin Man, the book that resorts to anti-semitic stereotypes in its attack on circumcision, yet never seems to have any problem with how Islam also uses similar steps. Arlen Schumer, one of the people who created Capt. Israel, told the Jewish Ledger:
“By using classic antisemitic caricatures, by turning the mohel into a monster, the anti-circumcision group makes the ritual seem devilish,” says Arlen Schumer, a Westport-based comic-book historian, commercial illustrator, and creator of Jewish superhero Captain Israel, currently being published in a comic-book series by L.A.-based Israel advocacy group, StandWithUs.Truly the people behind that abominable comic in Frisco are repulsive deviants of the human race if they're going to resort to some of the darkest stereotypes in the cellar. I'm glad to learn that Schumer has decided to counter Hess' sick, prejudiced propaganda.
Schumer is also troubled by the issue’s closing image, of the “intactivists” burning a towering structure made of appropriated “circumstraints,” topped with the group’s symbol. “It resembles a burning cross, the trademark of the KKK, who sees the Jews as Enemy One,” he says. “So the illustrator is trading not only on the blood libel, European Christian Antisemitism through the ages, and Aryan and Jewish stereotypes, but also on the ultimate American Christian Antisemitism, as fostered by the KKK.”
Thursday, August 04, 2011
UH-OH: THE GLOBAL PANIC SELL-OFF SNOW-BALLING!
JAPAN IS ALREADY OFF MORE THAN 4% ON FRIDAY MORNING!
DITTO AUSTRALIA!
AND HERE'S AN INTERESTING COMMENT/ANALYSIS:
AND A GOP SENATE.
THAT'S JUST TWO YEARS. GULP.
THE SAD AND TERRIFYING THING IS: I DON'T THINK WE WILL LAST THAT LONG.
UPDATE: IT'S NOT A SELL-OFF. IT'S AN "OBAMA RALLY!" ONE WE ON THE RIGHT ALL PREDICTED.
AND DEPICTED:
DITTO AUSTRALIA!
AND HERE'S AN INTERESTING COMMENT/ANALYSIS:
3 YEARS. NOPE. IT WILL ONLY LAST UNTIL WE ELECT A NEW POTUS.I can’t tell you how many people tried to get me to buy today. The fact that I ignored them is the only reason I still have ten fingers, as catching a falling knife did not appeal.
If you believe that this is just a correction in a bull market, then this is a fantastic place to buy, and the rout will be over in a few days.
If, in fact, the next recession has already begun, then we have just seen the first 12% of a 50% move down that will last three years.
AND A GOP SENATE.
THAT'S JUST TWO YEARS. GULP.
THE SAD AND TERRIFYING THING IS: I DON'T THINK WE WILL LAST THAT LONG.
UPDATE: IT'S NOT A SELL-OFF. IT'S AN "OBAMA RALLY!" ONE WE ON THE RIGHT ALL PREDICTED.
AND DEPICTED:
MORE PROOF THAT - DESPITE WHAT INSTAPUNDIT SAYS - THERE IS NO "HIGHER EDUCATION BUBBLE"
INSTAPUNDIT POSTED AGAIN ON IT TODAY.
THE HIGHER EDUCATION BUBBLE HE CALLS IT.
THE ONLY THING GLENN REYNOLDS POSTS ABOUT MORE FREQUENTLY IS AMAZON - BUT AT LEAST HE MAKES MONEY ON THOSE POSTS, SO WE KNOW WHY HE DOES IT NONSTOP. (WELL FOUR TIMES TODAY!)
BUT SOMEBODY HAS GOT TO TELL GLENN REYNOLDS TO STFU WHEN IT COMES TO WHAT HE CALLS THE "HIGHER EDUCATION BUBBLE".
BECAUSE IT DOESN'T EXIST.
HERE'S MORE PROOF THAT HE'S BEEN BARKING WAY WAY WAY UP THE WRONG TREE:
THE HIGHER EDUCATION BUBBLE HE CALLS IT.
THE ONLY THING GLENN REYNOLDS POSTS ABOUT MORE FREQUENTLY IS AMAZON - BUT AT LEAST HE MAKES MONEY ON THOSE POSTS, SO WE KNOW WHY HE DOES IT NONSTOP. (WELL FOUR TIMES TODAY!)
BUT SOMEBODY HAS GOT TO TELL GLENN REYNOLDS TO STFU WHEN IT COMES TO WHAT HE CALLS THE "HIGHER EDUCATION BUBBLE".
BECAUSE IT DOESN'T EXIST.
HERE'S MORE PROOF THAT HE'S BEEN BARKING WAY WAY WAY UP THE WRONG TREE:
In the latest salvo in the debate over the value of a college education, a new study concludes that getting any form of post-high school education is "almost always worth it." The merit of the degree applies, according to the study, even if a student attends a very expensive university.Anthony Carnevale, who directs Georgetown University's Center on Education and the Workforce, says the case for graduating college rests on the "college wage premium"--that is, the wage gains that a college-educated person realizes over a lifetime compared with what a high-school graduate earns. That differential has increased from 75 percent in 2002 to 84 percent today.
And that gap isn't likely to close anytime soon. Even if 20 million more people were to get a college degree today, B.A.-holders would still earn 50 percent more than high-school graduates, Carnevale told reporters.
THERE HAS BEEN HIGHER EDUCATION TUITION INFLATION, BUT THERE IS NO BUBBLE.
IF HIGHER EDUCATION GRADS ARE HAVING A ROUGHER TIME NOW, IT'S ONLY BECAUSE THE ECONOMY SUCKS.
AND ONE OF THE ROOT CAUSES OF TUITION INFLATION IS THAT HIGHER EDUCATION HAS TOO MANY TENURED PROFS MAKING TOO MUCH MONEY.
BUT GLENN REYNOLDS DOESN'T EVER MENTION THIS FACT.
COULD IT BE BECAUSE HE IS A TENURED PROF?
I THINK SO.
GLENN REYNOLDS IS A GREAT BLOGGER AND HE;S RIGHT ON MOST THINGS.
BUT OT ALL.
AND BLOGGING TOO MUCH ABOUT THE IMAGINARY BUBBLE IS ONE THE THINGS HE IS MOST WRONG ABOUT.
HERE'S 3 MORE REASONS GLENN REYNOLDS IS WRONG:
SO GLENN: WAKE UP.
MYSTERIOUS ORANGE GOO APPEARS IN NORTHWEST ALASKA
SOUNDS ICKY AND OMINOUS:
I THINK IT'S THE BILE FROM PALIN HATERS.Tests have been conducted on the substance on the surface of the water in Kivalina (KIV'-uh-LEE'-nuh). City Administrator Janet Mitchell told The Associated Press that the substance has also shown up in some residents' rain buckets.
Coast Guard Petty Officer David Mosely tells KTUU that it's not a petroleum substance and it's not man-made.
IT'S COME TO THIS: EURO-JUSTICE = IMMORAL AND INSANE INJUSTICE
BBC:
A German court has awarded more than 3,000 euros ($4,265) in damages to a child murderer.
Police threatened Magnus Gaefgen with "unimaginable pain" if he did not reveal his victim's whereabouts.
The court in the state of Hesse decided Gaefgen's "human dignity" was violated during questioning on the disappearance of a banker's 11-year-old son.
When Gaefgen was held in 2002, police thought the boy was still alive because his father had paid a 1m-euro ransom.
But the abductor was refusing to disclose the boy's whereabouts. The two questioning officers threatened the arrested man with "unimaginable pain" to try to persuade him to disclose more.
He was later convicted of murdering the boy whom he had bound and gagged to the point of suffocation.
But the killer filed a claim saying that he too had been subjected to inhumane treatment in the interrogation.
THE AWARD IS IMMORAL AND INSANE
THE POLICE SHOUOD BE GIVEN MEDALS AND THE AWARD.
IF KEYNESIAN "STIMULUS SPENDING" - AKA DEFICIT SPENDING - WAS TRULY STIMULATING, THEN...
IF KEYNESIAN "STIMULUS SPENDING" - (AKA DEFICIT SPENDING) - WAS TRULY STIMULATING, THEN WE'D BE SITTING PRETTY, INSTEAD OF SITTING ON THE PRECIPICE OF A GLOBAL DEPRESSION.
AFTER ALL, SINCE OBAMA'S INAUGURATION WE'VE SPENT $5 TRILLION WE DIDN'T HAVE, AND WHERE HAS IT GOTTEN US?
ANOTHER DAY OLDER AND DEEPER IN DEBT.
AND NOT JUST US - THE ENTIRE WORLD SPENT MONEY IT DIDN'T HAVE.
A LOT OF IT ON A GLOBAL REAL ESTATE BINGE THAT BECAME A BUBBLE THAT CRASHED LIKE ALL BUBBLES DO.
A LOT OF IT ON OVER-PRICED OPEC OIL.
A LOT OF IT ON TONS AND TONS AND TONS OF UNDER-PRICED CHINESE GOODS.
AND A LOT ON WASTEFUL, INEFFICIENT, CORRUPT SOCIAL PROGRAMS.
WHERE DI IT GET US? DID 50 OR 60 OR 100 TRILLIONS OF BORROWED DOLLARS THE WORLD SPENT STIMULATE THE GLOBAL ECONOMY?
YEAH. IT STIMULATED US RIGHT INTO THE POOR HOUSE.
AFTER ALL, SINCE OBAMA'S INAUGURATION WE'VE SPENT $5 TRILLION WE DIDN'T HAVE, AND WHERE HAS IT GOTTEN US?
ANOTHER DAY OLDER AND DEEPER IN DEBT.
AND NOT JUST US - THE ENTIRE WORLD SPENT MONEY IT DIDN'T HAVE.
A LOT OF IT ON A GLOBAL REAL ESTATE BINGE THAT BECAME A BUBBLE THAT CRASHED LIKE ALL BUBBLES DO.
A LOT OF IT ON OVER-PRICED OPEC OIL.
A LOT OF IT ON TONS AND TONS AND TONS OF UNDER-PRICED CHINESE GOODS.
AND A LOT ON WASTEFUL, INEFFICIENT, CORRUPT SOCIAL PROGRAMS.
WHERE DI IT GET US? DID 50 OR 60 OR 100 TRILLIONS OF BORROWED DOLLARS THE WORLD SPENT STIMULATE THE GLOBAL ECONOMY?
YEAH. IT STIMULATED US RIGHT INTO THE POOR HOUSE.
ONLY 3 THINGS CAN STOP THE CURRENT DOUBLE-DIP RECESSION FROM SNOW-BALLING INTO A GLOBAL DEPRESSION
IT'S HAS BECOME CLEAR WE ARE ONCE AGAIN IN A HUGE GLOBAL CRISIS - JUST LIKE I POSTED EARLIER TODAY (THURSDAY) AT 7:14AM.
HERE'S THIS AFTERNOON'S NEWS:
NYTIMES:
TO END THE CRISIS WE NEED TO STIMULATE REAL DEMAND FOR REAL PRODUCTS ANSD SERVICES BY REAL PEOPLE.
OR WE'RE HEADED FOR A GLOBAL DEPRESSION.
THERE ARE EXACTLY THREE THINGS THAT CAN SAVE US FROM THIS GLOBAL DEPRESSION WITHOUT GOVERNMENT HAVING TO RUN UP BIGGER DEFICITS AND BIGGER DEBTS:
THESE ARE THE ONLY THINGS THAT CAN STIMULATE REAL GLOBAL DEMAND.
THE SOONER ONE OR TWO OF THESE THREE THINGS HAPPENS THE BETTER.
WE ARE RUNNING OUT OF TIME.
THESE THREE ACTIONS MAKE SENSE FOR THE 3 ACTORS:
1 - IF OPEC DOES NOTHING, THEN OIL WILL CRASH AFTER THE COLLAPSE OF EVERYTHING ELSE - SO THEY ARE BETTER OFF VOLUNTARILY AND PROACTIVELY LOWERING IT NOW WHILE THEIR CLIENTS ARE STILL IN BUSINESS.
2 - IF CHINA DOESN'T LET THEIR CURRENCY FLOAT, THEN AL THEIR CLIENTS AND ALL THEIR FOREIGN INVESTORS WILL GO OUT OF BUSINESS. SO THEY ARE BETTER OFF ACTING VOLUNTARILY AND PROACTIVELY, TOO.
3 - OBAMA HAS NO CHANCE AT RE-ELECTION. IF HE STAYS IN OFFICE FOR HIS FULL TERM AND/OR RUNS FOR RE-ELECTION THEN HE WILL DESTROY HIS PARTY AND HIS NATION.
BUT IS OBAMA A BIG ENOUGH MAN TO RESIGN?
I DO NOT THINK SO.
OBAMA HAS PROVEN HIMSELF TO BE A PETULANT EGOMANIAC WHO HAS A DEEP-SEATED HATRED FOR THE USA AND THE WEST AND RESERVES LOVE FOR POSTMODERN LEFTISM.
THIS DEEP PART OF HIM WILL RELISH DESTROYING THE USA AND THE WEST - AS LONG AS HE CAN BLAME SOMEONE ELSE, AND SAY THAT ON SOME LEVEL THE WEST DESERVED IT OR THAT THE RICH BROUGHT IT ON ITSELF.
MAYBE SOMEONE CAN CONVINCE HIM IT'S TIME TO GO? SOMEONE ION THE MACHINE? SOROS? THE DALEY BROTHERS? ANDY STERN?
SIGH.
BTW: I SUGGESTED OBAMA RESIGN TO HELP THE ECONOMY HERE ON 7/13/2001 AND ON BASTILLE DAY 2011, AND ON 7/24 AND AGAIN ON 7/27.
BUT I FIRST URGED HIM TO RESIGN AND FIRST PREDICTED A DOUBLE DIP HERE - ON JANUARY 15, 2011:
OBAMA CANNOT CONTROL OPEC OR THE CHINESE.
BUT OBAMA CAN RESIGN.
IF HE LOVES THIS COUNTRY, THEN HE WILL.
I AM NOT HOLDING MY BREATH.
HERE'S THIS AFTERNOON'S NEWS:
NYTIMES:
Unnerved by policy makers’ apparent inability to get ahead of Europe’s festering debt crisis, European stock markets turned sharply negative across the board.MORE:
In Britain, stocks closed down 3.43 percent. In Germany, the DAX index dropped 3.4 percent. In France, the CAC 40 closed down 3.9 percent.
“This is the worst it has been in Europe,” said Jens Nordvig, currency economist at Nomura Securities in New York. “The current rescue package was not enough to cope with the size of the problems posed by Italy and Spain. We need a new framework that can cope with those two countries, and without it markets are on their own and are falling.”
Major indexes in Italy, Spain, France and Switzerland all closed Thursday more than 20 percent below their 2011 highs, while Germany was off nearly 15 percent and Britain’s decline was more than 11 percent.
The selling has extended to many other markets. Mexican stocks are off almost 14 percent from their highs earlier this year, and Brazil’s major index has lost more than a quarter of its value.
"It was the biggest percentage drop since February 2009."THAT IS TO SAY IT/S THE BIGGEST RUN ON STOCKS SINCE RIGHT AFTER OBAMA WAS INAUGURATED.
TO END THE CRISIS WE NEED TO STIMULATE REAL DEMAND FOR REAL PRODUCTS ANSD SERVICES BY REAL PEOPLE.
OR WE'RE HEADED FOR A GLOBAL DEPRESSION.
THERE ARE EXACTLY THREE THINGS THAT CAN SAVE US FROM THIS GLOBAL DEPRESSION WITHOUT GOVERNMENT HAVING TO RUN UP BIGGER DEFICITS AND BIGGER DEBTS:
- IF OPEC CUTS THE PRICE OF OIL TO $35
- IF CHINA ALLOWS THE PRICE OF THEIR CURRENCY TO GO UP, AND...
- IF OBAMA RESIGNS OR ANNOUNCES HE WON'T RUN FOR REELECTION
THESE ARE THE ONLY THINGS THAT CAN STIMULATE REAL GLOBAL DEMAND.
THE SOONER ONE OR TWO OF THESE THREE THINGS HAPPENS THE BETTER.
WE ARE RUNNING OUT OF TIME.
THESE THREE ACTIONS MAKE SENSE FOR THE 3 ACTORS:
1 - IF OPEC DOES NOTHING, THEN OIL WILL CRASH AFTER THE COLLAPSE OF EVERYTHING ELSE - SO THEY ARE BETTER OFF VOLUNTARILY AND PROACTIVELY LOWERING IT NOW WHILE THEIR CLIENTS ARE STILL IN BUSINESS.
2 - IF CHINA DOESN'T LET THEIR CURRENCY FLOAT, THEN AL THEIR CLIENTS AND ALL THEIR FOREIGN INVESTORS WILL GO OUT OF BUSINESS. SO THEY ARE BETTER OFF ACTING VOLUNTARILY AND PROACTIVELY, TOO.
3 - OBAMA HAS NO CHANCE AT RE-ELECTION. IF HE STAYS IN OFFICE FOR HIS FULL TERM AND/OR RUNS FOR RE-ELECTION THEN HE WILL DESTROY HIS PARTY AND HIS NATION.
BUT IS OBAMA A BIG ENOUGH MAN TO RESIGN?
I DO NOT THINK SO.
OBAMA HAS PROVEN HIMSELF TO BE A PETULANT EGOMANIAC WHO HAS A DEEP-SEATED HATRED FOR THE USA AND THE WEST AND RESERVES LOVE FOR POSTMODERN LEFTISM.
THIS DEEP PART OF HIM WILL RELISH DESTROYING THE USA AND THE WEST - AS LONG AS HE CAN BLAME SOMEONE ELSE, AND SAY THAT ON SOME LEVEL THE WEST DESERVED IT OR THAT THE RICH BROUGHT IT ON ITSELF.
MAYBE SOMEONE CAN CONVINCE HIM IT'S TIME TO GO? SOMEONE ION THE MACHINE? SOROS? THE DALEY BROTHERS? ANDY STERN?
SIGH.
BTW: I SUGGESTED OBAMA RESIGN TO HELP THE ECONOMY HERE ON 7/13/2001 AND ON BASTILLE DAY 2011, AND ON 7/24 AND AGAIN ON 7/27.
BUT I FIRST URGED HIM TO RESIGN AND FIRST PREDICTED A DOUBLE DIP HERE - ON JANUARY 15, 2011:
OTHERS ARE STILL MERELY ASKING THE QUESTION:in fact, I can't think of one good thing Obama has done - or of one area in which we've improved sine Obama has become president.
- unemployment is up;
- oil is up;
- foreclosures are up;
- the dollar is down;
- inflation is up;
- the deficit is up;
- the national debt is up;
- there have been more jihadist attacks within the USA than ever;
- air travel has grown more tedious;
- partisan attacks by the left against the right have become more vicious and ludicrous;
- Iran has gotten closer to getting a bomb;
- Lebanon's government has collapsed;
- Turkey has drifted completely into the Iranian camp;
- we've become more dependent on foreign oil;
- we've appeased Russia on arms and NATO expansion and Missile Defense;
- Mexico has become a failed state on our border - a border which is as porous as ever;
- and our healthcare is more regulated than ever and healthcare insurance is skyrocketing;
NOT A DANG THING.
If the USA federal government was corporation and us its shareholders, then we should have a revolt and force the Board of Directors to fire him.
Or - if he had a shred of dignity and decency - he would admit he is in WAY OVER HIS HEAD and that his leftist policies have made things worse - and resign to spend more time with his family.
I don't think new WH CoS Bill Daley - a member of the Chicago Machine - is gonna make things any better.
And with oil expected to reach $100/barrel and our foreign policy a shambles, I think things can get even worse - and sooner than anyone is predicting; YES: WE COULD GO BACK INTO RECESSION.
The only answer is for the White House to accept and adopt the policies about to be introduced by the GOP House.
Because Obama is no Clinton, the odds of this are small.
Sigh.
(BTW: ROGER DOESN'T WANT OBAMA TO RESIGN, BUT REAR THE WHOLE THING.)Posted at 4:42 pm by Glenn ReynoldsROGER SIMON: Dow Down 500 — Should Obama Resign? “Obama is ensuring his own failure. Should he resign? If you were a Democrat, you might want that, even with daffy Joe Biden waiting in the wings. Better yet, you would want Obama, in the grand tradition of LBJ, to decline a second term. No such luck. The man is evidently an (increasingly) bitter clinger.”
OBAMA CANNOT CONTROL OPEC OR THE CHINESE.
BUT OBAMA CAN RESIGN.
IF HE LOVES THIS COUNTRY, THEN HE WILL.
I AM NOT HOLDING MY BREATH.
FLIGHT 93 MEMORIAL STILL LOOKS LIKE IT'S BEING HELD HOSTAGE BY DHIMMITUDE BIAS AND INSULT
Error Theory has written about the now resurfacing case of the disturbing design for the Flight 93 Memorial, and it appears that it still has designs that could be seen as a victory for the terrorists (Hat tip: Cao's Blog). One of the crucial issues here is that:
The Pittsburgh Tribune-Review recently solicited Tom Burnett Senior's response to some new design images for the Flight 93 memorial. When he said that the so-called redesign leaves all of the terrorist memorializing features intact, editors instructed reporter Kari Andren to leave his remarks out. They preferred un-interrupted praise from the same few family members who always speak up for the broken-circle design.See much more at the link. If the desecration tactics are still going, it's sad but predictable, and like what one of the critics of the alleged 9-11 museum has said, it's more PC run amok. It cannot be allowed to go unnoticed, and everything must be done to ensure the public can know about it.
The people of Pennsylvania deserve to see what their information gate-keepers don't want them to know, so Mr. Burnett and his backers decided to begin their 10th anniversary ad campaign a few weeks early. The first full-page color ad just ran in the Somerset Daily American and will appear in two other local papers next week.
For a PDF of the ad copy, click on the thumbnail below, or scroll down for the same content formatted for browsing. If anyone wants to help fund additional advertising, a very generous soul has offered to match all donations up to a total of $5000.
CONCRETE TESTING FIRM INDICTED FOR FALSIFYING TEST RESULTS
"None of the nearly 3,000 test reports that prosecutors seized from the company contained legitimate results, according to one person briefed on the investigation."This is what you'd expect in a third world country. Which is what we are becoming.
MUBARAK GOES TO TRIAL IN A CAGE
The trial of former Egyptian dictator Hosni Mubarak has begun, with the now suffering from illness man brought to the courtroom in a cage.
But what can one expect when Mubarak, in the 3 decades he was autocrat, did nothing to improve the culture, education and economy in Egypt, nor anything to make the public mindset more favorable to Israel, and otherwise spent all that time creating more jihadist golems that ultimately turned on him?
If Mubarak's fallen, it's basically to the very Islamist monster he only helped to further cultivation of. Maybe if he'd made an effort to improve things, this wouldn't have happened. But he never did, so this is probably what happens when no responsible policies are formed to help improve the country.
Here's a video on Town Hall about the trial.
But what can one expect when Mubarak, in the 3 decades he was autocrat, did nothing to improve the culture, education and economy in Egypt, nor anything to make the public mindset more favorable to Israel, and otherwise spent all that time creating more jihadist golems that ultimately turned on him?
If Mubarak's fallen, it's basically to the very Islamist monster he only helped to further cultivation of. Maybe if he'd made an effort to improve things, this wouldn't have happened. But he never did, so this is probably what happens when no responsible policies are formed to help improve the country.
Here's a video on Town Hall about the trial.
Iran Economy Growing Faster than US Economy...
In Iran, those sanctions that are designed to stop the country's nuclear program are going just great according to the International Monetary Fund. The economy grew at a rate of 3.2% in 2010-11. That's a better rate than the United States.... The International Monetary Fund gave a rosy portrayal of Iran's economy in a report issued Wednesday, saying it grew by 3.2 % in 2011, contradicting its earlier assessment and surprising Iran analysts who contend that the economy is shrinking.Read the rest here.
The new IMF report is based mainly on official Iranian data, independent economists said—rather than on a second set of economic statistics in Iran that is made by independent economists. The IMF's April regional report on the Middle East and Central Asia, which was based on the independent analyses, predicted a 0% growth rate for Iran.
The country's central bank, a government entity, hasn't issued an economic growth report since 2008, prompting criticism from Iranian lawmakers recently that the bank was hiding the data under the order of President Mahmoud Ahmadinejad.
Iran had blasted the April report, calling it "politicized" and saying the IMF was acting under Western influence. After the criticism, the IMF sent a group of experts to Iran to review its report and "correct" it, Iran's deputy economy minister Mohamad Reza Farzin said in June after part of the new report was released.
UPDATED - SCROLL DOWN: GLOBAL CURRENCIES COLLAPSING... GLOBAL ECONOMY IS NEXT
- BERNANKE PRINTED TOO MANY DOLLARS AND THE DOLLAR IS CRASHING.
WHAT COULD STOP IT?
ONLY A SUBSTANTIAL INPUT THAT WOULD LOWER COSTS, INCREASE SALES, RAISE PROFITS AND DISPOSABLE INCOME WITHOUT SUBSTANTIALLY INCREASING GOVERNMENT DEFICITS.
- OPEC LOWERING THE PRICE OF OIL TO $35/BARREL.
- CHINA RAISING THE VALUE OF THE RENMIMBI.
SHORT OF THESE TWO CHANGES, THERE IS SIMPLY NO WAY FOR THE GLOBAL ECONOMY TO IMPROVE QUICK ENOUGH FOR THE CURRENT RECESSION (YES: WE ARE IN A DOUBLE DIP!) - NOT TO SNOWBALL INTO A GLOBAL CRASH.
UPDATE:
Stocks Tumble as Signs Point to Weak Global Economy
By GRAHAM BOWLEY
American indexes fell more than 3 percent as new data heightened fears that the United States may be headed toward a double-dip recession and that Europe’s debt crisis could widen.
UPDATE #2; WASH POST AGREES WITH ME:
High gas prices and scant income gains have forced Americans to pull back sharply on spendinghttp://www.blogger.com/img/blank.gif.I SCOOPED THE WASH POST. NOT BAD.
NOW THE NYTIMES IS POSTING THIS HEADLINE ON ITS FRONTPAGE:
Stocks Dive on Fears of Global Slowdown
TOLD U SO!
UPDATE #3:
ONE OTHER THING COULD SAVE US:
IF OBAMA ANNOUNCES HE'S RESIGNING OR AT LEAST NOT SEEKING RE-ELECTION!
HE JUST MIGHT: HE'S CRASHING TOO!
ON THE OCCASION OF OBAMA'S BIRTHDAY
August 4, Obama's birthday, is also known as Lizzie Borden Day.
Quite the eerie coincidence as Obama has been swinging an ax at our economy from his first day in office:
Quite the eerie coincidence as Obama has been swinging an ax at our economy from his first day in office:
Wednesday, August 03, 2011
BRITISH THINK TANK: ITALY WILL DEFAULT BEFORE SPAIN
Italy will likely default but Spain could scrape through, the Centre for Economics and Business Research said overnight as the eurozone debt crisis threatened to engulf the two eurozone countries.The CEBR said it had modelled good and bad scenarios for the two countries and Italy could not support its debt even if rates fall back unless the eurozone's third-largest economy sharply increases growth.
"Realistically, Italy is bound to default, but Spain may just get away without having to do so," said the London-based consultancy.
... The country's economy grew by just 0.1 per cent in the first quarter of the year.
"Even if the cost of borrowing goes back down to 4 per cent, their growth rate is so anaemic that we see the debt GDP ratio remaining at 123 per cent in 2018," said the CEBR.
THE KEY TO ITALY - AND THE USA - IS ECONOMIC GROWTH: WITHOUT IT WE ARE SO COOKED!
HOW DO WE GET THE ECONOMIC GROWTH WE NEED?
LOWER EXPENSES FOR PEOPLE AND BUSINESSES.
HOW DO WE DO THAT? SIMPLE: CUT FEDERAL SPENDING AND CUT FEDERAL TAXES AND CUT FEDERAL REGULATIONS.
ESPECIALLY ANTI-FOSSIL FUEL REGULATIONS.
WE NEED TO BOOST THE USE OF COAL AND DOMESTIC OIL AND GAS TO BRING DOWN THE COST OF ENERGY.
LOWERING ENERGY COSTS AND TAXES WOULD BE LIKE GIVING EVERY AMERICAN A RAISE AND EVERY BUSINESS AN INFUSION OF CAPITAL.
THERE ARE NO OTHER SILVER BULLETS.
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