From Pine View Farm

April, 2009 archive

Two of the Nicest Words 0

Opening Day.

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Bushonomics: Hit the Road, Jack, Dept. 0

The unregulated free hand of the market:

The Philadelphia region has joined the rest of the nation in the iron grip of an unemployment crisis, with 210,100 unemployed in the eight-county area, costing $2.7 billion in lost monthly production and about $252.1 million in lost spending.

The joblessness is perverse: It is the direct result of the battered economy and the major reason economic recovery will be slow and painful – with most analysts foreseeing little in the way of even a modest turnaround until midway through next year.

Meanwhile, consumer spending and the housing market – to name two key economic drivers – are certain to suffer prolonged damage by the high level of unemployment.

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Oh, My 0

I cannot decide whether this is grossly insulting, not only to the target audience but to everyone; absurd beyond imagining; or both.

Via Thers.

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The Dead 0

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Debian Linux 0

And you are still using Windows why?

Learn how to install Debian here: Step One, Step Two, and Step Three.

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Greater Wingnuttery VI 0

Fruitcakes. All fruitcakes.

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Fat Mattress 0

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It’s Comcastic. Well, Not So Much. 4

Not just me.

Judging from the error messages that their POP3 server has been throwing, they’ve suffered a major hardware failure and their IT gnomes are trying to pick up the pieces.

It is a good day not work in Comcast IT. I’m sure the adrenaline level is out the roof.

Slightly later:

It appears to working again.

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“Nature Red in Tooth and Claw” 0

Working persons pay for the incompetence of the suits.

Executives from the Times Co. and Globe made the demands Thursday morning in an approximately 90- minute meeting with leaders of the newspaper’s 13 unions, union officials said. The possible concessions include pay cuts, the end of pension contributions by the company and the elimination of lifetime job guarantees now enjoyed by some veteran employees, said Daniel Totten, president of the Boston Newspaper Guild, the Globe’s biggest union, which represents more than 700 editorial, advertising and business office employees.

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Much Ado about Not Much of Anything 0

Not that I’m a big fan of Larry Summers or of the whole Wall Street rat pack, but the only significance of this is to illustrate what an incestuous inbred little group sits at the top of the financial hill.

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Stand and Deliver, Mark to Market Dept. 0

Fiduciary smiduciary.

Disregard market value. Just make stuff up:

U.S. accounting rule makers made it easier for banks to limit losses, but in an unexpected move they bowed to critics and backtracked on one proposal that would have let companies ignore market prices in some cases.

The vote by the Financial Accounting Standards Board followed a debate in which members of Congress pushed for steps to help banks weighed down by troubled assets, while some investor groups warned that the plans would allow executives to cover up losses. The rules change spurred Thursday’s stock-market rally.

From an interview I heard on Marconi’s Magic Box this morning, but which I cannot find to cite (I’ll keep looking):

“My only hope is that it does less damage than it’s going to do.”

“You’re (persons who ignore market value–ed.) disguising reality.”

Read more »

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Dodgy 0

Taxes are the fees for living in civilized society.

Prem Sikka in the Guardian on corporate tax dodgery (emphasis added):

To generate wealth, at the very least, three kinds of capital need to be invested. Shareholders invest finance capital and expect to receive a return. Markets exert pressure for this to be maximised. Employees invest human capital and expect to receive a return in the shape of wages and salaries. Society invests social capital (health, education, family, security, legal system) and expects a return in the shape of taxes. Over the years, corporate tax rates have been reduced, but the return on social capital is under constant attack by tax avoidance schemes. The aim is to transfer the return accruing to society to shareholders. Companies have reported higher profits, not because they undertook higher economic activity or produced more desirable goods and services, but simply by expropriating the returns due to society.

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Stray Thought 0

There are few things more frustrating than losing your morning cup of coffee while you’re still too asleep to look for it.

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PEBCAK 0

The weakest link in security: the Problem Exists Between the Chair And Keyboard.

The moral of the story: Whatever OS you use, do not go online without a firewall and an anti-virus.

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Dustbiter Watch 0

None so far tonight.

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The Truth Shall Set You Free (but Only If You First Set Free the Truth) (Updated) 0

Evil has no better friend than the dark.

As reported by NEWSWEEK, the White House last month had accepted a recommendation from Attorney General Eric Holder to declassify and publicly release three 2005 memos that graphically describe harsh interrogation techniques approved for the CIA to use against Al Qaeda suspects. But after the story, U.S. intelligence officials, led by senior national-security aide John Brennan, mounted an intense campaign to get the decision reversed, according to a senior administration official familiar with the debate. “Holy hell has broken loose over this,” said the official, who asked not to be identified because of political sensitivities.

What, one wonders, do they fear, other than the truth.

Via Andrew Sullivan.

Addendum, the Next Morning:

The Booman has some thoughts.

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Bushonomics: The Epitaph 0

Robert Reich:

This is still not the Great Depression of the 1930s, but it is a Depression.

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Greater Wingnuttery V 0

MalkeH talking about his or her father’s reaction to Fox News. Note that the father, having grown up in Germany before World War II, had been raised as a Hitler Youth, though he later outgrew the indoctrination.

Godwin’s Law does not apply, because it is a historical reference, not invective:

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Greater Wingnuttery IV 0

WATB want a do-over.

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Greater Wingnuttery III 0

John Cole.

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